# BUSN 603 MULTIPLE CHOICE QUESTIONS SET PART 2-8

## BUSN 603 MULTIPLE CHOICE QUESTIONS SET PART 2-8

BUSN 603 MULTIPLE  CHOICE QUESTIONS SET PART 2-8
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BUSN 603 MULTIPLE  CHOICE QUESTIONS SET PART 2-8
FINAL EXAM
Jane wants to set up a photo shop. The cost to rent is \$150 per week. The variable cost of making one photo is \$20 and she can sell it for \$50.
Jane has to sell ______ photos per week to break even
If Jane sells 10 units ,her profits would be ______ dollars
Paul wants to choose one of the two investments opportunities over three possible scenarios. Investment 1 will yield a return of \$10000 in scenario1, \$2000 in scenario 2 and a negative return of \$5000 in scenario 3. Investment 2 will yield a return of \$6000 in scenario 1,\$4000 in scenario 2 and zero in scenario 3. The probability 1 is 0.2,for scenario 2 is 0.3 and for scenario 3 is 0.5
1/If you were to choose the investment that maximizes Paul’s Expected Money Value(EMV),then you should choose______
Investment 1
b.Investment 2
c.Indifferent
2/If Paul is uncertain about the return for investment 1,then this return has to be ____dollars in order to make Paul indifferent between these two investments(i.e two investments would have the same EMV).
Sam has a cleaning service. To better allocate his resources, he would like to forecast his weekly order based on the order number he received in the past 13 weeks as shown in the following table.
WEEK             DEMAND
week 1                    11
week 2                    14
week 3                    16
week 4                    10
week 5                    15
week 6                    17
week 7                    11
week 8                    14
week 9                    17
week 10                  12
wekk 11                  14
week 12                  16
week 13                  15
1/ Using a three week moving average , Sam’s forecast for his week 14 order number is...