Consider all questions below
a. What is the cost of an unsold greeting card?
b. What is the cost of a "shortage", i.e., not having a card when there is demand for it?
c. What is the critical fractile for HappyNY? What does this mean?
d. What is the optimal order quantity for the New Year greeting card?
e. If HappyNY uses the quantity in (d), what is the risk it is taking of a shortage?
f. A market research survey is able to reduce the standard deviation of demand to 1000 cards.
What is the effect of this on the optimal order quantity?
A description of 14 typical information processing routines is given here, along with 10 numbered segments from systems flowcharts (Figure 4.14). Match the flowcharting segments with the descriptions to which they correspond. Four descriptions will be left blank. a. Two documents are sent to an external entity. b. Data on source documents are keyed to an offline disk. c. Programmed edits are performed on key input, the data entry clerk investigates exceptions and keys in corrections, and then data on the disk are updated. d. Inputs stored on two magnetic disks are merged. e. The computer prepares a report that is sent to an external entity. f. Output is provided to a display device at a remote location. g. A batch total of input documents is compared to the total reflected on an error and summary report produced after the documents were recorded. h. Data are keyed from a remote location. i. Data on a magnetic tape are printed during an offline operation. j. Data stored on a disk are sorted and placed on another disk. k. A report is printed from the contents of a disk.Question 7 5 pts What is the method(s) not used in assessing Project Risk? Sensitivity Analysis Break Even Analysis @. Scenario Analysis Cost Benefit Analysis Question 8 5 pts When calculating the Break Even Analysis, one needs to subtract the FW of the cash inflows from the PW of the cash outflows. True False D Question 9 5 pts Scenario Analysis usually does not consider; Worst Case Scenario Do Nothing Scenario Most Likely Case Scenario Best Case Scenario OSuppose the weekly demand for a oertain good in thousands of units. is given by the equation P = 39 Q, and the weekly supply ounre of the good by the equation P = T + SQ where P is the price in dollars. Finally, suppose a per-unit tax of $24, to be collected from sellers is imposed in this market. Complete the following questions. Note: If necessary round your answers to two decimal places. at Graph the weekly demand. supply (pmtax}. and supply (posttax) equations. v Supply Clive (without tax) 1D 12 14 16 18 Ouantityithuusandsulunilsiweelt) QUESTION 13 True or False? A different set of managerial competencies is needed for work in private for-profit organizations than for work in public organizations. True O False QUESTION 14 True or False? Every management decision has consequences (some of them are unanticipated) that unfold over weeks, month, and even years. True O FalseSymbol Purpose Description Flow Ime Used to indicate the flow of logic by connecting symbols. Terminal(Stop/Start) Used to represent start and end of flowchart Input Output Used for input and output operation. Processing Lised for sirthogels operations and data-manipulations. Used to represent the operation in which there are two alternatives, truc and false. On-page Connector Used to join different flowline Off-page Connector Used to connect flowchart portion on different page. Predefined Used to represent a group of statements performing one processing lask. Process Function Q1. Draw a flowchart to add two numbers entered by user. Q2. Draw flowchart to find the largest among three different numbers entered by user
