The manager ___ become involved in the technical aspects of problem solving. Her
ID: 3247628 • Letter: T
Question
The manager ___ become involved in the technical aspects of problem
solving. Her technical skills are ___ useful because she might be able to solve a model herself without
depending on a quantitative analyst.
A) has to, still C) does not have to, still
B) has to, not D) does not have to, not
2 (Quantitative Analysis) Which is not true for interpreting and implementing results of the quantitative
analysis?
A) The manager needs to understand how the model works in a general sense.
B) The manager should interpret the results in the context of the implementation
environment.
C) The implementation process might not appeal to everyone in the organization.
D) The manager needs technical knowledge to convince people to trust the new
approach or solutions.
3 (Quantitative Analysis) The manager's ___ skills are critical in the implementation process.
A) interpersonal C) programming
B) problem-solving D) analytical
4 (Quantitative Models) Breakeven analysis is ___.
A) deterministic and descriptive C) stochastic and descriptive
B) deterministic and prescriptive D) stochastic and prescriptive
(Two Constraints) Consider the two constraints: (1) 0 X 1, (2) 3X
5 (Two Constraints) Find the value of X which minimizes the cost of 2X and also satisfies the two
constraints.
A) 0 B) 1/3 C) 1 D) 3
6 (Two Constraints) Find the integer value of X which minimizes the cost of 2X and also satisfies the
two constraints.
A) 0 B) 1/3 C) 1 D) 3
7 (Types of Costs) Overhead is a ___ cost.
A) variable B) fixed
(Lin Plastics) Lin Plastics produces a variety of compact disc (CD) storage cases. Lin's best-selling
product is the CD-50, a slim, plastic CD holder with a specially designed lining that protects the
optical surface of the disc. Several products are produced on the same manufacturing line and a setup
cost is incurred each time a changeover is made for a new product. Suppose that the setup cost for the
CD-50 is $3,000. This setup cost is a fixed cost that is incurred regardless of the number of units
eventually produced. In addition, variable labor and material costs are $2 for each unit produced, and
each unit sells for $5.
8 (Lin Plastics) Derive the total profit function, (p-v)X - f.
(a) The profit contribution (p-v) is ___. [Answer format: integer]
(b) The fixed cost (f ) is ___. [Answer format: integer]
Write your answer(s) as 1, 2345
9 (Lin Plastics) The volume achieving a total profit of $4,500 is ___. [Answer format: integer] (Hint:
Use manual calculations or Goal Seek in Excel.)
Write your answer(s) as 1234
10 (Lin Plastics) The breakeven point is ___. [Answer format: integer] (Hint: Use manual calculations
or Goal Seek in Excel.)
Write your answer(s) as 1234
Explanation / Answer
1) The manager _has to__ become involved in the technical aspects of problem solving. Her technical skills are _still__ useful because she might be able to solve a model herself without. The whole statement is positive as if giving compliment to the manager.
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