A Paint Company Has the Following Aggregate Demand Requirements and Cost

question 4

Multiple Choice

A paint company has the following aggregate demand requirements and cost data for the upcoming year by quarter.
Table 2
$$\begin{array} { | l | l | } \hline \text { QUARTER } & \begin{array} { l } \text { FORECAST DEMAND } \\\text { (UNITS) }\end{array} \\\hline 1 & 1,200 \\\hline 2 & 1,500 \\\hline 3 & 1,900 \\\hline 4 & 1,000 \\\hline \text { TOTAL: } & 5,600 \\\hline\end{array}$$ $\begin{array}{ll}\text { Previous quarter's production: } & 900 \text { units } \\\hline \text { Beginning inventory: } & 0 \\\hline \text { Backorder costs: } & \$ 60 / \text { unit } \\\hline\text { Inventory-holding cost }\\\text { (on ending inventory) : } & \$ 12 / \text { unit/quarter } \\\hline \text { Hiring employees: } & \$ 30 / \text { unit increase } \\\hline \text { Firing employees: } & \$ 70 / \text { unit decrease } \\\hline\text { Unit cost: } & \$ 45 / \text { unit } \\\hline \text { Overtime cost: } & \$ 67.50 / \text { unit }\\\end{array}$ ____________________________________________________________________
-Using the information in Table 2, determine the change in workforce costs (hiring and firing employees) if the paint company decides to use a chase strategy.

• A) $93,000
• B) $84,000
• C) $280,000
• D) $30,000

Understand the concept of reinforcement schedules in behavior modification and their impact on the extinction of behavior.

Apply social learning theory in practical scenarios, explaining its dimensions and predicting behavior based on observational learning.

Understand and articulate the concept of self-efficacy and its role in improving performance and mental outlook in workplace settings.

Understand the principles of classical and operant conditioning and their application in organizational settings.

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Definitions:

Early Majority

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Risk-Tolerant

The degree to which an individual or organization is willing to accept risk, typically in the pursuit of investment gains.

Colorblind Ideology

The belief that race should not and does not matter, often criticized for ignoring systemic racism and inequalities.

Bonilla-Silva

A sociologist known for his work on racism and race relations, particularly in the context of systemic racism and color-blind racism ideologies.