1. Which item goes not properly describe the par value of common stock?
A) The par value of common stock is set by the state government.
B) A stock’s par value does not necessarily have any relationship with a stock’s market value.
C) Par value refers to the nominal value or face value of a security.
D) Par value is an assigned amount (such as $1 per share) used to compute the dollar accounting value of the common shares on the company’s balance sheet.
2. Zipco Printing operates a shop that has five printing machines. The machines differ in their capacities to perform various printing operations due to differences in the machines' designs and operator skill levels. At the start of the workday there are five printing jobs to schedule. The manager must decide what the job-machine assignments should be.
a. How could a quantitative approach to decision making be used to solve this problem?
b. What would be the uncontrollable inputs for which data must be collected?
c. Define the decision variables, objective function, and constraints to appear in the mathematical model.
d. Is the model deterministic or stochastic? Why? e. (5 Points): Suggest some simplifying assumptions for this problem.