2) The area of 'science' deals with facts and repeated experiments for consistent results, whereas the knowledge or information that is obtained through what is referred to as 'pseudo-science' deals with ideologies and belief systems. Justify this statement by using relevant examples of both science' and 'pseudo-science' to support your answer. 3) Is Jean Baudrillard's claim true that: "The world operates in Hyper-Reality, based on signs"? In what context can you justify and defend this declaration? 4) Explain to what extent the power of religion and theological beliefs and political ideology has regularly blocked the findings of true scientific knowledge to the mass level of human population 5) Explain to want extent will a human community be able to survive on planet Mars in the very near future, within your own lifetime experience 6) Compare the similarities between Plato's 'cave allegory' and the 'seven blind men and the elephant parable. What specific links between the two ideas can you identify? 7) Describe the difference between a person's 'opinion' and known 'fact.' Give several examples to support each definition a 1. A company is planning to introduce laptop to its existing product line. Management must decide whether to make the premium laptop bag or buy it from an outside supplier. The lowest outside price is $20. If the case is produced internally the company will have to purchase new equipment that will yield annual depreciation of $15,000. The company will also need to rent a new production facility at $30,000 a year. At 15,000 premium laptop bags per year, a preliminary analysis of production costs shows the following: DM DL 6 Variable Overhead Equipment Depreciation Building rental Allocated fixed overhead 4 Total cost 23 (1) Determine whether the company should make the premium laptop bags or buy them from the outside supplier (2) What decision should be made if only 10,000 premium laptop bags are needed? Note: Please show the steps and base your answer solely from monetary perspective, without considering any other factor like the suppliers' dependability, quality control etc. 2. Parker Plumbing has received a special one-time order for 1,500 faucets (units) at $5 per unit. Parker currently produces and sells 7,500 units at $6.00 each. This level represents 75% of its capacity. Production costs for these units are $4.50 per unit, which includes $3.00 variable cost and $1.50 fixed cost. To produce the special order, a new machine needs to be purchased at a cost of $1,000 with a zero salvage value. Management expects no other changes in costs as a result of the additional production. Should the company accept the special order? Show calculations and use the concept of incremental revenues and incremental costs. 2) The area of 'science' deals with facts and repeated experiments for consistent results, whereas the knowledge or information that is obtained through what is referred to as 'pseudo-science' deals with ideologies and belief systems. Justify this statement by using relevant examples of both science' and 'pseudo-science' to support your answer. 3) Is Jean Baudrillard's claim true that: "The world operates in Hyper-Reality, based on signs"? In what context can you justify and defend this declaration? 4) Explain to what extent the power of religion and theological beliefs and political ideology has regularly blocked the findings of true scientific knowledge to the mass level of human population 5) Explain to want extent will a human community be able to survive on planet Mars in the very near future, within your own lifetime experience 6) Compare the similarities between Plato's 'cave allegory' and the 'seven blind men and the elephant parable. What specific links between the two ideas can you identify? 7) Describe the difference between a person's 'opinion' and known 'fact.' Give several examples to support each definition a 1. A company is planning to introduce laptop to its existing product line. Management must decide whether to make the premium laptop bag or buy it from an outside supplier. The lowest outside price is $20. If the case is produced internally the company will have to purchase new equipment that will yield annual depreciation of $15,000. The company will also need to rent a new production facility at $30,000 a year. At 15,000 premium laptop bags per year, a preliminary analysis of production costs shows the following: DM DL 6 Variable Overhead Equipment Depreciation Building rental Allocated fixed overhead 4 Total cost 23 (1) Determine whether the company should make the premium laptop bags or buy them from the outside supplier (2) What decision should be made if only 10,000 premium laptop bags are needed? Note: Please show the steps and base your answer solely from monetary perspective, without considering any other factor like the suppliers' dependability, quality control etc. 2. Parker Plumbing has received a special one-time order for 1,500 faucets (units) at $5 per unit. Parker currently produces and sells 7,500 units at $6.00 each. This level represents 75% of its capacity. Production costs for these units are $4.50 per unit, which includes $3.00 variable cost and $1.50 fixed cost. To produce the special order, a new machine needs to be purchased at a cost of $1,000 with a zero salvage value. Management expects no other changes in costs as a result of the additional production. Should the company accept the special order? Show calculations and use the concept of incremental revenues and incremental costs