Lesser Corporation Has Four Products That Use the Same Constrained

question 56

Multiple Choice

Lesser Corporation has four products that use the same constrained resource. Data concerning those products appear below:
The company does not have enough of the constrained resource to satisfy for demand of all four products.

-If salespersons are paid commissions that are a set percentage of sales,which product would they prefer to sell? In other words,if it is a choice between selling one unit of one product and one unit of another,which product would they prefer to sell?

• A)X300
• B)X400
• C)X100
• D)X200

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Definitions:

Sample Size

The total count of data points or observations gathered from a population to perform statistics.

Error of Estimation

Error of estimation is the discrepancy between an estimated value and the true value of a parameter being estimated.

Sampling Error

The error caused by observing a sample instead of the whole population, affecting the precision of statistical estimates.

Population Standard Deviation

The square root of the variance in a population, reflecting how much individual data points in the entire population deviate from the population mean.