Smart University consists of three main departments: Business, Education, and Arts & Sciences. The relevant information for each department is: The Business department has 175 students and 10 faculty. The Education department has 125 students and 6 faculty The Arts & Sciences department has 100 students and 4 faculty. Smart University needs to allocate $90,000 worth of copy charges for the semester across the three departments 1. What will be the allocations if Smart University decides to go the easiest route and just allocate based on the number of departments? a. Business Department $ b. Education Department $ c. Arts & Sciences Department $ 2. What will be the allocations if Smart University decides to allocate based on student enrollment in each department? a. Business Department $ b. Education Department $ c. Arts & Sciences Department $ 3. What will be the allocations if Smart University decides to allocate based on the number of faculty in each department? ect 3. What will be the allocations if Smart University decides to allocate based on the number of faculty in each department? a. Business Department $ b. Education Department $ C. Arts & Sciences Department $ 4. Smart University decides to remove all copiers and printers and will now send all print jobs through a local business that provides duplication services. This change would be an example of (pick one) a. Cannibalization b. Outsourcing c. Capacity and relevant range d. Sunk costs 5. Smart University is considering offering a new major in Finance for the business program. One of the faculty notes a concern that previous Accounting and Economics majors may switch to Finance, which can't be counted as "new" revenue because the same student is still paying the same tuition just for a different product line. This concern about merely shifting the same customer within your sales mix is known as (pick one). a. Cannibalization b. Outsourcing C. Capacity and relevant range d. Sunk costs