Trey Leeman,Operations Manager at National Consumers,Inc

question 90

Multiple Choice

Trey Leeman,Operations Manager at National Consumers,Inc.(NCI) ,is evaluating alternatives for increasing capacity at NCI's Fountain Hill plant.He has identified four alternatives,and has constructed the following payoff table which shows payoffs (in $1,000,000's) for the three possible levels of market demand. The opportunity loss for the combination "Purchase New Equipment" and "Low" is ____.

• A) 0.5
• B) 1.5
• C) 2.5
• D) 3.0
• E) 3.5

---

Definitions:

Little Scientist

A term in developmental psychology referring to a stage in a child's development wherein they experiment with objects in their environment to see how things work.

Fine Motor Skill

The coordination of small muscles, in movements—usually involving the synchronization of hands and fingers—with the eyes.

Accommodation of Reflexes

A process in developmental psychology where infants modify their innate reflexes in response to environmental stimuli.

Tertiary Circular Reactions

Cognitive processes observed in children between 12 and 18 months of age, marked by the deliberate experimentation with variations of previous actions to see the consequences.