Trey Leeman,Operations Manager at National Consumers,Inc

question 46

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. If Trey uses the maximin criterion,the appropriate alternative would be: _____________.

• A)Lease New Equipment
• B)Purchase New Equipment
• C)Add Third Shift
• D)Do Nothing
• E)Do everything

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Definitions:

Marrying

The legal or formal joining of two people as partners in a personal relationship, recognized and sanctioned by law or cultural practice.

Fewer Children

A situation or trend where there is a reduction in the number of children within a family, society, or demographic group.

Life

The existence of an individual human being or animal, characterized by growth, reproduction, activity, and continual change until death.

Kinship Care

Involves the care of children by relatives or close family friends when the biological parents are unable to do so, offering an alternative to traditional foster care.