Exam 1 Solutions

Exam 1 Solutions - 1 CSA 273 FIRST ONE HOUR _ February 11,...

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1 CSA 273 FIRST ONE HOUR EXAM SOLUTIONS NAME _____________ February 11, 2008 (60 points) GENERAL INSTRUCTIONS: 1. You may use both sides of an 8.5 by 11” sheet of paper with notes and formulas. 2. To receive full credit, show your work. If necessary, use the back of the page but indicate this so I can find your work. 3. The point value of each problem is given to the left of the problem number. (2) Problem #1 To the left of the statement letter, write T if the statement is true and F if the statement is false. _T_ a. For a manufacturing organization the average cost of an item is minimum at a production level when this cost is equal to the marginal cost of the item. _F__ b. The discipline of Operations Research originated from problems encountered during World War I. (3) Problem #2 Multiple-Choice Section: For each statement circle the best choice. A. An example of a fixed cost is a. the cost of materials used in production. b. direct labor cost. c. a cost to setup machinery before the start of production. d. storage costs. B. Depreciation represents a. customer dissatisfaction of a product. b. the loss of value of an asset due to wear, obsolescence, etc.
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This note was uploaded on 04/17/2008 for the course CSA 273 taught by Professor Patton during the Spring '08 term at Miami University.

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Exam 1 Solutions - 1 CSA 273 FIRST ONE HOUR _ February 11,...

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