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NEW QUESTION: 1
Which of the following inventory items would be the most frequently reviewed in an ABC inventory control system?
A. Expensive, frequently used, low stockout cost items with long lead times.
B. Expensive, frequently used, high stockout cost items with long lead times.
C. Inexpensive, frequently used, high stockout cost items with long lead times.
D. Expensive, frequently used, high stockout cost items with short lead times.
Answer: B
Explanation:
The ABC system is a method for controlling inventories that divides inventory items into three groups: Group A - high-monetary-value items, which account for a small portion (perhaps 10%) of the total inventory usage Group B-- medium-monetary-value items, which may account for about 20% of the total inventory items Group C -- low-monetary-value items, which account for the remaining 70% of sales or usage The ABC system permits the proper degree of managerial control to be identified and exercised over each group. Group A items are reviewed on a regular basis. Group B items may not have to be reviewed as often as group A items, but more often than group C items. For group C, extensive use of models and records is not cost effective. It is cheaper to order large quantities infrequently. The ABC method therefore reduces the safety-stock investment because high-value items are frequently monitored and medium-value items are monitored more often than inexpensive items. Frequent review can prevent stockouts and decrease inventory levels, and the cost of such review is minimized if it is limited to high- or medium-value items.
NEW QUESTION: 2
The expected value of perfect information is the:
A. Sum of the conditional profit loss) for the best event of each act times the probability of each event occurring.
B. Difference between the expected profit under certainty and the expected monetary value of the best act under uncertainty.
C. Difference between the expected profit under certainty and the expected opportunity loss.
D. Same as the expected profit under certainty.
Answer: B
Explanation:
Perfect information permits certainty that a future state of nature will occur. The expected value of perfect information determines the maximum amount a decision maker is willing to pay for information. It is the difference between the expected value without perfect information, that is, the expected value of the best action under uncertainty and the expected value under certainty. Under certainty, a decision maker knows in each case which state of nature will occur and can act accordingly.
NEW QUESTION: 3
Fabrikam, Inc. employs 500 users and plans to migrate to Office 365.
You must sign up for a trial plan from the Office 365 website. You have the following requirements:
* Create the maximum number of trial users allowed.
* Convert the trial plan to a paid plan at the end of the trial that supports all of Fabrikam's users.
You need to create an Office 365 trial plan.
How should you configure the trial plan? Select the correct answer from each list in the answer area.
Answer:
Explanation:
Explanation
Office 365 Enterprise E 3 offers include unlimited number of users and since you are signing up for a trail to develop into a paid plan. Making use of 25 users in the trial will suffice.
Office 365 Business can accommodate a maximum of 300 users only.
References:
https://technet.microsoft.com/en-us/office/dn788955
https://technet.microsoft.com/en-us/library/office-365-plan-options.aspx
https://technet.microsoft.com/en-us/library/office-365-platform-service-description.aspx Katzer, Matthew and DonCrawford, Office 365 Migrating and Managing your Business in the Cloud, Apress Media, New York, 2013, pp 84-87
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