Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) Your company is effective if you establish a specific goal and accomplish that goal.
Answer:
True
1)
Fal
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) Funds used to start a business are usually the owner's.
Answer:
True
False
2) Funds used to start a busi
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) Every business, regardless of its size, requires a full-time accountant.
Answer:
True
1)
False
2)
2) Eve
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) A forecast is an accurate estimate of future demand.
Answer:
True
1)
False
generate
2) Lenders require p
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) Capital budgeting is the method we use to justify the acquisition of those items that have1)a useful
lif
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) The time value of money is the loss of purchasing power that occurs over time as a result1)of
inflation.
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1)
1) An annuity is a stream of equal payments.
Answer:
True
False
2) In an annuity due, payments are made
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) Working capital consists of the total assets and total liabilities of a company.
Answer:
True
False
2) W
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1)dividing
1) Vertical analysis of a balance sheet is obtained by using Total Liabilities as a constant and
Statistical Inference Solutions
1
Confidence Intervals and Plug-in Predictive Intervals
There is concern about the speed of automobiles traveling over a particular stretch of highway. For
a random sam
Practice Questions Solutions
Suppose we are considering building a portfolio with a mix of the following assets and their projected
returns:
Risk-free bond = 0.006
Stock X1 N (0.01, 0.005)
Stock X2
Process Formulas
Process time:
Per unit processing time:
PT =
n
X
P P Ti = ci +
ti
i=1
Cycle time (workstation):
STi
B
Lead time for workstation:
Li =
ti
ci =
mi
W IPi
demand
Production lead time
Regression Formulas
1
Determining the Regression Equation
Slope:
CVXY
VX
b=
or
b = RXY
SY
SX
Intercept:
a = Y bX
Explanatory (predictive) power (R2 ):
R-squared =
SSR
SST
Standard deviation of the
Statistical Inference Formulas
1
Standard Error and Confidence Intervals
Standard error for the sample mean:
95% confidence interval for the sample mean:
SX
CI = X 2
n
SX
SE =
n
Standard error fo
Quality Solutions
1
The Bernoulli and Binomial Distributions
A manufacturing company that fabricates parts for the aerospace industry has just received an
order for two special parts (call them X and
Process 2 Solutions
1
Value Stream Mapping
Precision Manufacturing, Inc. (PMI) manufactures assembly brackets for two major automotive
customers. The manufacturing process is shown below:
Process Step
Process 1 Solutions
1
Process Analysis
Assume you are managing a process that needs to produce 100 bagel sandwiches with veggies on
them. After some experimentation, you find out that the tasks involv
Regression Solutions
1
Understanding the Simple Linear Regression Model
The data in this question are returns on two portfolios called SMB and HML. These portfolios
were made famous by Eugene Fama and
Queuing Theory Solutions
1
The M/M/s Queuing Model
A small movie theater complex has a single ticket booth cashier who can maintain an average
service rate of 280 moviegoers per hour. Arrivals on a ty
Process Definitions
Process: any part of an organization that takes inputs and transforms them into outputs or a network
of activities with a specific starting and ending point, that repeats itself
Exam 2 Formulas
Service time:
Mean of a Binomial distribution:
1
ts = conversion factor
E[Y ] = np
Variance of a Binomial distribution:
Utilization factor:
=
s
V [Y ] = np(1 p)
95% Predictive Int
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1)
1) A plan that relates to a specific area of a business, such as marketing, is known as a strategic
plan
Exam
Name_
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) Finance is any transaction where money is exchanged for goods and services.
Answer:
True
1)
False
2)
2)