Page 20; Problem 4)
The book states that a manager should utilize quantitative approach when:
The problem is new, and the manager has no previous experience from which to draw.
And
The problem is repetitive, and the manager saves time and effort by relying on quantitative procedures to make routine decision recommendations.
Page 23; Problem 14
a. 4,000
b. Loss of 8000
c. 42.04
d. Profit of 10,810
p. 23 problem 15
a. 300000-150000= 150,000; 4,500,000/150,000 = 30 boxes
b. Yes; 50,000 x 50 – 1,500,000 = 1,000,000
