Reference no: EM132161402
1. A bakery must decide how many loaves of fresh bread to produce in a single day. Daily demand for fresh bread is normally distributed with a mean of 70 loaves and standard deviation of 18. If the marginal loss is $2 and the marginal profit is $1, how much bread should the bakery produce in a single day?
52
78
63
70
88
2. Which of the following is incorrect regarding how to complain about your lawyer?
a. If a law society panel finds a lawyer guilty of misconduct, the penalty could include disbarment.
b. In general, law societies do not assist clients with complaints about the fees being charged by their lawyers.
c. If a client cannot resolve a fee dispute directly with their lawyer, the client can have their lawyer’s bill reviewed by a court official (a “review officer” in Alberta).
d. If a client is seeking compensation as a result of the misconduct of their lawyer, they need to initiate an action with their province’s law society.
3. FSU-CoB Corporation distributes XYZ learning kit for computers. The Order Cost is $12 and holding cost $0.40 a year per kit. Assume EOQ = 525, and safety stock = 138, compute the total annual holding cost.
More than $400
$101 to $200
$201 to $300
$301 to $400