The Hopkins bookstore has decided to stock Lacrosse-playing Blue Jays as part of its souvenir offerings. This particular sub-species of Blue Jays does not get along well with other birds so the storage cost is 10% of the purchase price times the square of the average number of birds in the store. Demand for these birds is stable at 10 units per week, the store is open for 50 weeks per year, the ordering cost S = $10, and all lead times are negligible. [Hint: assume p = $10, and that the total of the annual holding cost, ordering cost, and purchase cost is:  .] If the retailer can only accommodate 20 birds in the store at one time and he cannot order partial birds, how many birds should he order?

A business plans to be “best in class in all dimensions including quality, speed, cost, and flexibility” what type of production process should it put in place? 

When considering process flow, the critical path is:

Which of the following are among Maister’s 8 principles that organizations can use to influence customers’ satisfaction with waiting times? (Hint: Recall the article: Prescription for the Waiting-in-Line Blues)

A process contains 2 steps. The duration of Activity A is 5 minutes and it uses Resource X. The duration of Activity B is 10 minutes and it uses Resource Y. What happens to capacity if I make an investment that reduces the activity time for Step B to 5 minutes but increases the activity time for Step A to 6 minutes?

A claims adjuster employs 6 clerks for evaluating insurance claims. There are three steps in the process, and these steps take 1 hrs, 2 hrs, and 4 hrs respectively. The adjuster’s office works 8 hours a day. Starting from A, which is the first correct answer shown below assuming each clerk is assigned to one type of task for the day?

A subscriber purchases 200 shares at $25 per share and pays $10 per share upfront. The subscriber later defaults and the payment is forfeited. What amount should be credited to Contributed Surplus?

A corporation declares $60,000 in dividends. The company has 3,000 preferred shares with a $4 dividend per share and 20,000 common shares outstanding. The preferred shares are non-cumulative. How much of the dividend is paid to common shareholders?

A corporation is legally separate from its owners. This structure allows investors to contribute capital without becoming personally responsible for the company’s debts. Which characteristic of corporations explains this feature?

A corporation issues securities for $200,000 consisting of common shares and preferred shares. The fair values of the securities are: common shares $160,000 and preferred shares $40,000. How much of the proceeds should be allocated to preferred shares?