Business in Action
9th Edition
ISBN: 9780135198100
Author: BOVEE
Publisher: PEARSON CO
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Chapter 2, Problem 12QA
Summary Introduction
To discuss: The ways that countries know their economic systems are working.
Economic system is an organized way and basic set of rules for allocating the resources to satisfy the citizens wants. Basic economic system includes the questions like what goods are produces and in what quantities, how these goods are produce and who should buy these products.
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Help me solve part C.
Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications. Fill in the blanks and then answer the
following questions. (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.)
Dollar
Item
Annual Demand Cost/Unit
Volume
% of Total Dollar
Volume
A2
10
120
B8
4000
12
48,000
5.65
C7
1500
45
67,500
7.94
D1
2000
44
E9
1000
20
20,000
2.35
F3
25
40
G2
200
1500
300,000
35.29
H2
600
20
12,000
1.41
15
1000
300
J8
2500
5
12,500
1.47
Bobby Flay is responsible for assigning steel workers to a structural steel infrastructure construction task. Having taken Project Management at the University of Portland, he understands the importance of managing risk. To ensure that the task takes place as scheduled, Bobby must ensure that there are at least 8 steel workers available at the start of the task. Based on analysis of similar tasks, he estimates that steel workers will show up for the task with probability 0.9.
If Bobby wants to be 97% sure that there are enough tasks to begin as scheduled, he should assign ______ steel workers to the task.
Chapter 2 Solutions
Business in Action
Ch. 2.1 - Prob. 1CTCh. 2.1 - Prob. 2CTCh. 2.1 - Prob. 1IYBCh. 2.2 - Prob. 1CTCh. 2.2 - Prob. 2CTCh. 2.2 - Prob. 1IYBCh. 2.2 - Prob. 2IYBCh. 2.3 - Prob. 1CTCh. 2.3 - Prob. 2CTCh. 2.3 - Prob. 1IYB
Ch. 2.3 - Prob. 2IYBCh. 2.4 - Prob. 1CTCh. 2.4 - Prob. 2CTCh. 2.4 - Prob. 1IYBCh. 2.4 - Prob. 2IYBCh. 2.5 - Prob. 1CTCh. 2.5 - Prob. 2CTCh. 2.5 - Prob. 1IYBCh. 2.5 - Prob. 2IYBCh. 2.6 - Prob. 1CTCh. 2.6 - Prob. 1IYBCh. 2.6 - Prob. 2IYBCh. 2.7 - Prob. 1CTCh. 2.7 - Prob. 2CTCh. 2.7 - Prob. 1IYBCh. 2.7 - Prob. 2IYBCh. 2 - Prob. 1CTQCh. 2 - Prob. 2CTQCh. 2 - Prob. 3CTQCh. 2 - Prob. 4QRCh. 2 - Prob. 5QRCh. 2 - Prob. 6QRCh. 2 - Prob. 7QRCh. 2 - Prob. 8QRCh. 2 - Prob. 9QRCh. 2 - Prob. 10QRCh. 2 - Prob. 11QACh. 2 - Prob. 12QACh. 2 - Prob. 13QACh. 2 - Prob. 15QACh. 2 - Prob. 16QACh. 2 - Prob. 17QACh. 2 - Prob. 18QACh. 2 - Prob. 19QACh. 2 - Prob. 20QAPCh. 2 - Prob. 21QAPCh. 2 - Prob. 22QAPCh. 2 - Prob. 23QAPCh. 2 - Prob. 24DCOCh. 2 - Prob. 25DCOCh. 2 - Prob. 26DCOCh. 2 - Prob. 1IBTCh. 2 - Prob. 1REDCh. 2 - Prob. 1SCSCh. 2 - Prob. 1BTSCh. 2 - Prob. 1DRS
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