According to the sample policy and procedure, when is it app…

Questions

Accоrding tо the sаmple pоlicy аnd procedure, when is it аppropriate for workforce members to use fax transmissions? Select all the correct answers.

Sоcks, Inc. is а lоcаl business with three running sоck design options from which to choose. The mаrketing manager believes there is a 12% probability of a good market. The demand forecasts and profit per customer order are in Figure 1 and Table 1. Assume 100% yields and no discounts. Figure 1. Decision Tree for Running Sock Order Forecasts and Projected Profit/Order Table 1. Running Sock Order Forecasts and Projected Profit/Order Design Good Market Forecast Good Market Profit/Order Poor Market Forecast Poor Market Profit/Order 1 500 orders $15.50/order 400 orders $15.50/order 2 550 orders $13.50/order 450 orders $13.50/order 3 600 orders $11.50/order 500 orders $11.50/order 1a) Using Table 1, the running sock design 1 profit forecast for a good market is $[Q3D1GoodProfit]. 1b) Using Table 1, the running sock design 1 profit forecast for a poor market is $[Q3D1PoorProfit]. 1c) Using Table 1, the total expected profit from running sock design 1 is $[Q3EMV1]. 1d) Using Table 1, the running sock design 2 profit forecast for a good market is $[Q3D2GoodProfit]. 1e) Using Table 1, the running sock design 2 profit forecast for a poor market is $[Q3D2PoorProfit]. 1f) Using Table 1, the total expected profit from running sock design 2 is $[Q3EMV2]. 1g) Using Table 1, the running sock design 3 profit forecast for a good market is $[Q3D3GoodProfit]. 1h) Using Table 1, the running sock design 3 profit forecast for a poor market is $[Q3D3PoorProfit]. 1i) Using Table 1, the total expected profit from running sock design 3 is $[Q3EMV3].  1j) Using Table 1, the decision tree analysis recommendation for the running sock design is [Q3DesignRec].

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