There are $10$ groups. Each will answer the following questions in their groups and discuss the answers with everyone. Verbal is fine. You can use visual aids if you wish. All group members must be involved in all questions.

Thinking of the $8$ types of waste, choose one of the following situations and give an example of each type of waste:

A medical emergency that requires a visit to the emergency room

A visit to a coffee shop to get a coffee

Taking the bus from home to school

Going to see a movie in a theatre

You consider opening a pizzeria.

A pizza oven costs $$5,000$ per month

Variable cost per pizza is $$5$

The retail price per pizza is $$20$

How many pizzas need to be sold to break even in a month?

If $80$ pizzas were sold in a month

How many pizzas need to be sold to yield a $$10,000$ profit in a month?

You have forecasted monthly demand of $1,000$ pizzas per month. Is this a good investment?

You invest $$500,000$ today $($t$0),$ at a discount rate of $6\%,$ and receive cash flows of $$210,000($t$1),$ $$237,000($t$2),$ and $$265,000($t$3).$

What is your NPV$?$

Is this a good investment? Why?

Costco has $900$ customers average arriving each hour on a Saturday, and each customer stays for $1\mathrm{.}5$ hours average in the store. How many customers will be they have in the store on average?