please answer this question by choosing the correct option 2. Vouching for a bidder means:A. Giving a bidder some government LPO vouchers.B. Putting in a good word for a bidder/contractor.C. Getting the best deal (value for money) from a bidder.D. Putting in a bad word for a contractor/bidder.

Vouching in general means to state a personal confidence in some party or something with a…

Answered: 2. Vouching for a bidder means: A.…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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WhatYouNeed is an online retailer with operations in Northern Indiana. Their network includes five big warehouses. All of the warehouses are fully automated: packaging is performed by robots on top of electric conveyors. Although the company has saved a lot in labor costs by the use of this packaging line, it has resulted in some excessive waste of material. After some analysis of this waste issue, the company has discovered that the number of product types that are assigned to the packaging line is strongly correlated with the amount of wasted material. Based on this insight, their operations manager has built a mathematical expression that estimates the expected amount of waste from the packaging line as a function of the number of product types in it. The expression is as follows: W = (n-93)2 – (n-88) + 227 In this expression, n is the number of product types you are packing on the line and W is the hourly waste of packaging material (in lbs). Based on this expression, what is the…
WhatYouNeed is an online retailer with operations in Northern Indiana. Their network includes five big warehouses. All of the warehouses are fully automated: packaging is performed by robots on top of electric conveyors. Although the company has saved a lot in labor costs by the use of this packaging line, it has resulted in some excessive waste of material. After some analysis of this waste issue, the company has discovered that the number of product types that are assigned to the packaging line is strongly correlated with the amount of wasted material. Based on this insight, their operations manager has built a mathematical expression that estimates the expected amount of waste from the packaging line as a function of the number of product types in it. The expression is as follows: W = (n-93)2 – (n-88) + 227 In this expression, n is the number of product types you are packing on the line and W is the hourly waste of packaging material (in lbs). Based on this expression, how much will…
es Problem 11-4 (LO2) An appliance manufacturer has a plant near Toronto that receives small electric motors from a manufacturer located in Winnipeg. The demand for motors is 118,000 units per year. The cost of each motor is $125. The motors are purchased in lots of 3.400 units. The ownership of motors transfers to the appliance manufacturer in Winnipeg. The question is which mode of transportation, truck or train, the appliance manufacturer should use to bring the motors from Winnipeg to Toronto. The railroad company charges $3 per motor. and it takes approximately seven days by train. The trucking company charges $5 per motor, but it takes only three days. The appliance manufacturer will keep 1,400 units as safety stock if a truck is used and 2.500 units as safety stock if a train is used for transportation. Assume 365 days per year. If the holding cost rate is 25 percent of unit cost per year, which mode of transportation will minimize total transportation and in-transit and safety…
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2. Vouching for a bidder means: A. Giving a bidder some government LPO vouchers. B. Putting in a good word for a bidder/contractor. C. Getting the best deal (value for money) from a bidder. D. Putting in a bad word for a contractor/bidder.