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QUESTION 3 – MATCHING

Max’s Floral Shoppes is a three store retailer of fresh “Hawaiian” inspired floral arrangements serving the greater Santa Monica area. Max’s has a central refrigerated warehouse where he stores exotic flowers shipped directly to him (by air) from his supplier in Maui Hawaii. The lead-time from order to receipt is 2 weeks. Max’s order costs are $150 per order and his holding cost are 10% of the cost of a stem. Note that a “stem” is a single flower in an arrangement. Stems are ordered as individual units, but the order quantity needs to be a multiple of 6 — each arrangement created by Max has 6 stems and the average cost per stem is $4. The grouping only occurs when the arrangements are created. Max then sells each arrangement for $65. Max’s annual demand follows a normal distribution with a mean of  11,025 arrangements and a standard deviation of 550 arrangements.  To maintain customer goodwill Max’s has set a high service level objective of 98% in stock. Consider a year to have 52 weeks or 365 days.  What should be Max’s ROP (Reorder Point). Round up the ROP to the nearest multiple of 6. Note your answer may differ slightly depending upon rounding. Pick the answer closest to your answer.    Use the Z-table from a Prior Problem This Problem Counts 5 Points

Charlotte sells replica statues of the famous David sculpture in Florence, Italy. When ordering more from her Chinese manufacturer, she has to pay a $20 fee. She notices demand is constant at 100 units a month. Due to taxes and regulations, she has determined it costs her $.50 per unit per year to hold these statues in inventory. She wants to balance the costs of carrying the replicas with the cost of ordering more. How many should she order each time from the Chinese manufacturer? This Problem Counts 3 Points

The major negative feedback system that regulates and lessens the experience of thirst and inhibits drinking is found in the body’s:

On average, people show ____________ when they face a standard of excellence, such as trying to become class valedictorian.

10.3 From the list below, choose two factors which Motshedisi should keep the same when setting up the two flasks.   ·         colour of seeds ·         mass of seeds ·         shape of seeds ·         variety of seeds (2)

The dynamics-of-action model attempts to predict a person’s latency to engage in an achievement-related activity. When ________, the individual engages in achievement-related behavior the quickest. That is, the person’s latency is very low, and they get right to work without procrastination.

5.1 With reference to your knowledge of the periodic table explain what is happening in the cartoon. (4)  

Winter and Stewart (1978) reported that the need for power is a desire to make the physical and social world conform to their personal image or plan for it. Which of the following responses is not one of the three characteristics attributed to individuals high in the need for power?

Question 7 7.1 Expand the brackets and simplify :