职能类模拟题81

While discussing the decrease in productivity for cakes in December, the owner of the bakery shows interest in producing more cakes in December and working with other grocery stores and bakeries to sell the excess cake production. He thinks that only hiring one extra baker in December would not be sufficient, and that producing more cakes or other products is the best option to address the problem. As a result, he would like to know if the benefits of increasing cake production outweigh the risks of selling his cakes through 3 rd party outlets that also sell good quality bread and sandwiches. Which of the following questions best summarises the owner’s concerns? Does it make sense to only hire one extra baker in December, or should the owner rethink his hiring strategy?

Ultimately, the value of any investment is the present value of the future cash flows - Net Present Value (NPV) - that the investment is expected to generate. Therefore, it is necessary to forecast the economic cash flows and discount them appropriately to allow for the fact that they will not be received until sometime in the future. The NPV calculation always assumes the project is a success. However, there is a chance that no oil or gas is present (which is called “geological risk”). This must therefore be reflected in the valuation. This is achieved by assigning probabilities to the values of successful and unsuccessful outcomes. The sum of these risked values is the Expected Monetary Value (EMV). Which of the following statements can be concluded from the data given in Table 1?

SJ Hospital is a pediatric hospital dedicated to patients under 18 years old and based in Manchester, United Kingdom. It is a government-‐funded institution located in the western part of the city, where a lot of young parents have established themselves to start families over the past few years. Parents in the area are typically young professionals with a university education and comfortable financial means. SJ estimates that it is servings about 300,000 households with children in the local community. The hospital runs three pediatric services: 1. Emergency services. Emergency services are open 24 hours a day, everyday of the year. Children with acute conditions that require urgent treatment from doctors can attend this service without appointment. Most patients go to emergency services by themselves but some of them are referred to this service by their family doctor. 2. Inpatients’ services. Patients who have attended emergency services and have been diagnosed with a condition that requires advanced medical procedures (e.g. an operation) or prolonged monitoring are admitted to the pediatric ward, where they are allocated a room with a bed and become inpatients. 3. Outpatients’ services. Children with conditions that do not require urgent treatment but demand specialist advice or monitoring are referred to the hospital’s outpatient services by their family doctor. Outpatients typically go to the hospital only for their appointment and then return home. The hospital does not charge families for its services. Instead, it keeps a detailed log of all the interactions it has with patients, such as the number of emergency attendances and outpatient appointments as well as the quantity of inpatients’ procedures it performed during the year. This log is submitted to a government body called the National Health Service (NHS) that audits it and pays SJ for the services it provided to the local community. These funds are then used by SJ to cover their costs. The hospital has been awarded an excellence certificate by the NHS in 2011. The award of this certificate is based on two main sets of criteria: 1. Patients’ safety. This is measured by the average time patients have to wait to see a doctor in emergency services, the quality of the medical procedures in place at the institution and other metrics. 2. Financial efficiency. This is measured by traditional financial metrics including fixed costs, variable costs, total costs per patients, etc. The management informs you that a number of senior pediatric doctors have retired in July 2013. The CEO of the hospital tells you that he thinks this might have decreased the quality of care offered, but the head doctor disagrees because younger doctors are better trained. Moreover, there were a few instances where families were disappointed by the care provided to their children and decided to publicize the issue in local newspapers. This directly affected SJ reputation and had a negative impact on its finances, as some families then decided to avoid it. Due to these recent developments, the NHS has contacted the hospital’s management to inform them that it will re-‐evaluate the hospital’s excellence certificate in six months’ time. The NHS has made it clear that patient safety will be the critical factor to determine whether the hospital keeps its certificate. Your team has been hired to help the hospital maintain its excellence certificate. Which of the following statements is the most accurate regarding the hospital’s efforts to conserve its excellence certificate?

A publisher is now providing university professors with the option of ordering custom textbooks for their courses. The professors can edit out those chapters of a book they are not interested in and add material of their own choosing. The widespread use of the option mentioned above is LEAST likely to contribute to fulfilling which of the following educational objectives?

Mechanicorp's newest product costs so little to make that it appears doubtful the company will be able to sell it without increasing the markup the company usually allows for profit: potential clients would simply not believe that something so inexpensive would really work. Yet Mechanicorp's reputation is built on fair prices incorporating only modest profit margins. The statements above, if true, most strongly support which of the following?

Companies in the country of Kollontay can sell semiconductors in the country of Valdivia at a price that is below the cost to Valdivian companies of producing them. To help those Valdivian companies, the Valdivian legislature plans to set a minimum selling price in Valdivian for semiconductors manufactured in Kollontay that is ten percent greater than the average production costs for companies in Valdivian. Which of the following, if true, most seriously threatens the success of the plan?

An experimental microwave clothes dryer heats neither air nor cloth. Rather, it heats water on clothes, thereby saving electricity and protecting delicate fibers by operating at a lower temperature. Microwaves are waves that usually heat metal objects, but developers of a microwave dryer are perfecting a process that will prevent thin metal objects such as hairpins from heating up and burning clothes. Which of the following, if true, most strongly indicates that the process, when perfected, will be insufficient to make the dryer readily marketable?

Airplane manufacturer: I object to your characterization of our X_387 jets as dangerous. No X_387 in commercial use has ever crashed or even had a serious malfunction. Airline regulator: The problem with the X_387 is not that it, itself, malfunctions, but that it creates a turbulence in its wake that can create hazardous conditions for aircraft in its vicinity. The airline regulator responds to the manufacturer by doing which of the following?

Damaged nerves in the spinal cord do not regenerate themselves naturally, nor even under the spur of nerve_growth stimulants. The reason, recently discovered, is the presence of nerve_growth inhibitors in the spinal cord. Antibodies that deactivate those inhibitors have now been developed. Clearly, then, nerve repair will be a standard medical procedure in the foreseeable future. Which of the following, if true, casts the most serious doubt on the accuracy of the prediction above?