Specializes in making intricate wooden decorative item

Assignment Help Operation Management

Reference no: EM132195083

1. Tina owns a workshop that specializes in making intricate wooden decorative items. She makes scale models of most of the existing objects around the world. She faces virtually no competition in her business and thus enjoys a stable growth. The opportunity of _____ is highlighted in the given scenario.

a. providing personal customer service

b. having lower overhead costs

c. using technology

d. exploiting market niches

2. Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website that he created especially for the project. Many people showed genuine interest in his product and donated money to help him launch it. In the given scenario, Herbert:

a. was able to fund his project through venture capital.

b. received money for his venture from angel investors.

c. received money for his venture through crowdfunding.

d. was able to fund his project through seed money.

3. An emergency department of a city hospital can serve 110 patients per day. If the department wants to serve 100 patients per day, what will be the capacity utilization?

72.7%

110%

137.5%

90.9%

Do not have enough information to compute

4. What is the probability that, at most, 4 customers will arrive in 1 hour, when the mean arrival rate is 3 customers per hour, and interarrival times are exponentially distributed?

0.3528

0.1847

0.1680

0.8153

0.6472

Reference no: EM132195083

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