According to the mean-variance criterion, which one of the following investments dominates all others?

a. e(r) = 0.15; variance = 0.20
b. e(r) = 0.10; variance = 0.20
c. e(r) = 0.10; variance = 0.25
d. e(r) = 0.15; variance = 0.25
e. none of these is dominates the other alternatives.

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.

Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.

According to which act will be the person punished