Question

1. A loan processing operation has a design capacity of 66 loans per day and an effective capacity of 54 loans per day.

What is its utilization if it processes an average of 46 loans per day? (Your answer should be a percentage with one decimal point.)

2. The Utilitarian Principle states that the good done by an action should outweigh the harm it causes or might cause.

3. Identify the proper hierarchical sequence (first item is the most important):

	goals, strategy, mission
	strategy, goals, mission
	strategy, mission, goals
	mission, goals, strategy
	mission, strategy, goals
	goals, mission, strategy

Answer 1

1)

2)

Utilitarian principle is about doing those actions which cause good to most of them. According to this, good must be more than the harm it causes

3) The correct hierarchy is

Mission, Goals, Strategy

Mission is a statement which gives information about company's purpose, principles it believes in, what it wants to achieve etc.

Based on the mission statement, management defines goals to achieve.

Once the goals are defined, strategies are framed to achieve these goals.