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Quiz3_14905 - Name(please print Section 14905 Quiz 3...

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Name: (please print) Section: 14905 Quiz 3 Inventory Management BUAD311 – Operations Management This quiz is comprised of three pages, including this page. The quiz is scheduled for 20 minutes. There is a total of 100 points on the quiz. This is an open-book, open-notes quiz. You may use a simple calculator. No laptops. No PDAs. Show your work. If I cannot tell how you arrived at an answer, you will not receive full credit. An answer with no justification may receive no credit. You must read and sign the following pledge. If you do not read and sign the pledge, your exam may be treated as if you did not turn it in. Honor Code: I pledge my honor that I have not violated the Honor Code during this examination.” X__________________________
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1. Sally’s Silk Screening produces specialty T-shirts that are primarily sold at special events. She is trying to decide how many to produce for an upcoming event. During the event itself, which lasts one day, Sally can sell T-shirts for $20 apiece. However, when the event ends, any unsold T-shirts are sold for $4 apiece. It costs Sally $8 to
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