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1. Which of the following statements is associated with the standard migration model?

A. Return migration signals that the mover regrets having made the initial move.

B. Repeat migration signals that the mover regrets having made the initial move.

C. Repeat migration signals that the mover is moving for job-related reasons.

D. The decision to move is expected to increase the household's overall utility.

E. Moving for job reasons is done at the expense of family desires.

2. Which of the following statement is TRUE regarding the optimal order quantity that maximizes expected profit?

More should be ordered when the overage cost exceeds the underage cost.

It is a balance between the salvage value and the underage cost.

It always is equal to the mean of the demand distribution.

It is a balance between the underage cost and overage cost.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92556401

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