Decision alternatives can be objectively evaluated

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Reference no: EM132302388

1. The room is equipped with 50 seats. However, the number of students registering for the class is 30. On a particular day, only 25 students came to the class. From these information, you can calculate the efficiency and utilization for this class. From an instructor's perspective, which is more important, efficiency or utilization?

A. Utilization

B. Efficiency

C. Both are equally important

D. Both are not important

E. None of above is correct

2. Suppose that annual fixed cost is $100 to make and $0 to buy, and the variable cost per unit is $0 to make and $1 to buy. If you need 90 units, which do you prefer, make or buy?

A. make

B. buy

C. make and buy provide the same benefit and cost

D. both make and buy are bad decisions

E. none of above is correct

3. A company which makes pies leases a machine for $6000 per month. Variable cost are $2 per pie and pies sell for $7 each. Break-even quantity is calculated as 1200 pies per month. If the company sells 1100 pies per month, does the company make a profit or a loss?

A. Make a profit

B. Make a loss

C. Does not make a profit or a loss

D. The information is not sufficient to answer this question

E. No answer above is correct

4. Which one do you think is a moral value in your opinion?

popularity

success

compassion

dependence

5. The Delphi method is most frequently used when decision alternatives can be objectively evaluated using numerical data.

True

False

6. All of the following are examples of Archaic period legislative bodies EXCEPT:

Boule.

Ecclesia.

Gerousia.

Archon.

Reference no: EM132302388

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