Scenario 9.7 You Are the Operations Manager of a Firm That Uses

question 160

Multiple Choice

Scenario 9.7
You are the operations manager of a firm that uses the continuous-review inventory control system.Suppose the firm operates 52 weeks a year,365 days,and has the following characteristics for its primary item:
Demand = 25,000 units/year
Ordering cost = $30/order
Holding cost = $8/unit/year
Lead time = 2 weeks
Standard deviation in weekly demand = 100 units
A normal distribution table is appended to this exam.
-Use the information in Scenario 9.7.How many orders per year does the company place if they order the economic order quantity each time?

• A)less than or equal to 70 units
• B)greater than 70 but less than or equal to 80 units
• C)greater than 80 but less than or equal to 90 units
• D)greater than 90 units

Identify the characteristics and advantages of different modes of legal protection for intellectual property.

Discuss the implications of global and local perspectives in innovation and the selection of site leaders for overseas R&D centers.

Explain the concept of trade secrets and their roles in giving a business a competitive advantage.

Understand the importance of collaboration within and outside the firm for innovation.

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Definitions:

Saltatory Conduction

The process by which nerve impulses jump from one Ranvier node to another, speeding up the transmission of electrical signals along myelinated neurons.

Axon Hillock

The cone-shaped region of an axon in a neuron where the axon originates from the cell body.

Calculating Reaction Time

Calculating reaction time involves measuring the duration between the onset of a stimulus and the initiation of a response, important in cognitive and neuropsychological assessments.

Auditory

Related to the sense of hearing or the organs and structures thereof.