1) Gala makeover is one of the popular beauty salons that the brides consider for their big day. Navin Ahmed, the owner and the main artist of this beauty salon, can take up to 7 bridal appointments per day. Anyone who wants the service needs to pre-book the service way before the event day by paying the full amount. Once the 7 people's quota is filled up, they don't accept any more service requests. Which option among the given ones is more relatable with this scenario? a) Priority b) Preferred c) First Come, First serve d) Reservation
1) Gala makeover is one of the popular beauty salons that the brides consider for their big day. Navin Ahmed, the owner and the main artist of this beauty salon, can take up to 7 bridal appointments per day. Anyone who wants the service needs to pre-book the service way before the event day by paying the full amount. Once the 7 people's quota is filled up, they don't accept any more service requests. Which option among the given ones is more relatable with this scenario? a) Priority b) Preferred c) First Come, First serve d) Reservation
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Mgt-314 (Operations Management)
MCQ:
Transcribed Image Text:1) Gala makeover is one of the popular beauty salons that the brides consider for their big day. Navin
Ahmed, the owner and the main artist of this beauty salon, can take up to 7 bridal appointments per
day. Anyone who wants the service needs to pre-book the service way before the event day by paying
the full amount. Once the 7 people's quota is filled up, they don't accept any more service requests.
Which option among the given ones is more relatable with this scenario?
a) Priority
b) Preferred
c) First Come, First serve
d) Reservation
2) The Economic order quality for Billboards of Jafar Advertisers is 200. They target a sales volume of
8000 billboards annually. How many times in a year should they recorder? 12
a) Can't determine from the given data
b) 40
c) 6000
d) .025
3) Excess cost is $0.30 per unit, shortage cost is $0.60 per unit, what would be the approx. stock out
risk?
a) 67%
b) 25%
c) 75%
d) 33%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON