What aspects of managing your account were probably more difficult before online banking was available?

Answer:

a. The average number of boards ordered is 1,056 boards.

b. The average number of boards in stock is 560 boards.

c. Weekly holding costs total $140.

d. Holding cost allocated per board is $0.25.

Explanation:

The provided figures in the question indicate:

Service level = 96 %

Lead time = 3 weeks

Weekly demand = 150

Standard deviation = 200

This situation reflects variable demand with a consistent lead time.

a. Reorder point = Demand during lead time + Safety stock

= Average weekly demand * lead time + z*sqrt(lead time)*standard deviation of weekly demand

= 150*3 + NORMSINV(0.99)*sqrt(3)*200

= 450 + 1.7507*sqrt(3)*200

= 450 + 606.46 = 1,056.46

= 1,056 (rounded to the nearest whole number).

The average number of boards on order calculates to 1,056 boards.

b. In terms of normal distribution,

z=x-mean/std deviation

For a 96% confidence level, the z-value equals 2.05

2.05 = x-150/200

Therefore, x = 150 + 2.05 * 200 = 560

The average count of boards on hand is 560 boards.

c. Total weekly holding cost = Average inventory * holding cost per week = 560/2 * 0.5 = 280 * 0.5 = $140.

d. Holding costs for each board = Total holding cost / Number of boards = 140/560 = $0.25.

How estate owners allocate their time depends on the type of property they own. If it’s an agricultural setting like a farm or ranch, their activities likely involve overseeing farming operations or tending to livestock such as cattle or sheep. Conversely, if the estate functions as a resort, their efforts focus on providing guests with food, lodging, and leisure services.

Response: a) It is probable that Maude can successfully file a lawsuit against her employer for breaching a Whistleblower Protection Law.

Explanation:

Individuals known as whistleblowers expose illegal conduct in their workplace, which applies to Maude's circumstances.

To motivate individuals to come forward about unlawful activities at work, various laws exist at both the Federal and State levels designed to protect employees who report such conduct.

Thus, it is likely Maude could take legal action against her employer for violating these laws, but she needs to act quickly due to some statutes having time constraints.

Response:

A trade of ten pounds of chicken should result in receiving at least 40 pounds of vegetables, but no more than 50 pounds of vegetables.

Justification:

Vegetables        Chicken        Trade Off Ratio

John             40                     10                4:1 (40/10) or 1:0.25 (10/40)

George          25                      5                 5:1 (25/5) or 1:0.20 (5/25)

John demonstrates a comparative advantage in chicken production while George has it in vegetables for the following reasons:

• The opportunity cost for John, in terms of vegetables, is lower than that for George (4<5). Conversely, George's opportunity cost for vegetables, expressed in chicken, is also less than John's (0.20<0.25).
• In vegetable production, George is five times more efficient than John, while John is only four times more efficient in chicken production compared to George's productivity of five times.  

Consequently, John will exchange chicken with George, and George will provide vegetables to John. Trade advantages occur when both engage in exchanges better than their respective trade-off ratios.

• This means: John acquires more than '4 pounds of veggies for each pound of chicken' and George gains more than '0.20 pounds of chicken for each pound of veggie'.
• Utilizing the unitary method: - '1chicken: 4veggies' translates to '10chickens: 40veggies', while '0.20chicken: 1veggie' means '10chickens: 50 veggies'.

Response:

d. deciding which markets to compete in and how to allocate resources among them.

Explanation:

Corporate level strategy represents the highest level of management strategy, focusing on identifying areas for optimal performance and growth to distinguish itself in the market and maximize customer share.

This aids in pinpointing the most lucrative businesses and crafting effective strategies for competing successfully in those sectors.

As a result, statement d accurately captures the essence of corporate level strategy.