Chapter 1Globalizing Business
1. A multinational enterprise is a firm that engages in foreign direct investment
by directly managing value-added activities in other countries.
REF: p. 4
OBJ: LO: 1-1
KEY: Bloom's: Knowledge
Chapter 5Trading Internationally
1. Trade deficit occurs when a nation exports more than it imports.
REF: p. 5
OBJ: LO: 5-1
KEY: Bloom's: Knowledge
DIF: Difficulty: Easy
NAT: BUSPROG: Analytic
2. Both exporting and importing are t
Direct Labor Cost
Parts Cost (Uniform Distribution)
Cost per unit Largest Value
Demand (Normal Distribution)
Cloud Computing: Risk of
Business on the Cloud
By: Angel del Bosque, Omar Orta, Ricardo Mendez
Cloud computing has been rapidly changing the world into
an essential part of modern IT.
The cloud has evolved to what it is now due to the
You are required to answer SIX questions Questions 1, 2, 3, and 4 and ANY two
others. Answer each question thoroughly and show all your calculations and printouts.
Give clear explanations for your answers where necessary.
1. An ad campaign for a new snack
A snack food manufacturer buys corn for tortilla chips from two cooperatives, one in
Iowa and one in Illinois. The price per unit of the Iowa corn is $6.00 and the price per
unit of the Illinois corn is $5.50.
a. Define variables that would te
A furniture store has set aside 800 square feet to display its sofas and ch airs. Each
sofa utilizes 50 sq. ft. and each chair utilizes 30 sq. ft. At least five sofas and at least
five chairs are to be displayed.
a. Write a mathematical model
In a linear programming problem, the binding constraints for the optimal solution are
5X + 3Y 30
2X + 5Y 20
a. Fill in the blanks in the following sentence:
As long as the slope of the objective function stays between _ and _, the current opti
During summer weekdays, boats arrive at the inlet drawbridge according to the Poisson
distribution at a rate of 3 per hour. In a 2-hour period,
a. what is the probability that no boats arrive?
b. what is the probability that 2 boats arrive?
An ad campaign for a new snack chip will be conducted in a limited geographical area and can use TV
time, radio time, and newspaper ads. Information about each medium is shown below.
Cost Per Ad
Use the following Management Scientist output to answer the questions.
LINEAR PROGRAMMING PROBLEM
Objective Function Value = 763.333
FarmFresh Foods manufactures a snack mix called TrailTime by blending three ingredients: a dried fruit
mixture, a nut mixture, and a cereal mixture. Information about the three ingredients (per ounce) is
Chapter 10 Review p1
Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%,
unit cost $8.00, annual demand of 40000, and ordering cost of $48.
TC = (1/2)Q(.18)(8) + 40000(48)/Q
Q* = 1633
Demand for a popular athletic
Chapter 10 Review p2
A weekly sports magazine publishes a special edition for the World Series. The sales forecast is
for the number of copies to be normally distributed with mean 800,000 copies and standard
deviation 60,000 copies. It costs $.35 to print
CH 6 Q&A
The problem which deals with the distribution of goods from several sources to several
destinations is the
a. maximal flow problem
b. transportation problem
c. assignment problem
d. shortest-route problem
Which of the following is not true regard
The Sea View Resort uses a multiple-channel queue registration system. If the average
service time is
8 minutes, there are three registration clerks, and guests arrive at the rate of one every
5 minutes, find
a. and .
b. the probability all three cl
CHAPTER 9 Q&A
The earliest start time rule
a. compares the starting times of all activities for successors of an activity.
b. compares the finish times for all immediate predecessors of an activity.
c. determines when the project can begin.