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A company has tool cribs where workmen draw parts. Two men have applied for the position of distributing parts to the workmen. George Fuller is fresh out of trade school and expects a $6 per hour salary. His average service time is 4 minutes. John Cox is a veteran who expects $12 per hour. His average service time is 2 minutes. A workman's time is figured at $10 per hour. Workmen arrive to draw parts at an average rate of 12 per hour.
What is the average waiting time a workman would spend in the system under each applicant?
Which applicant should be hired?
How the compensation system influences employees motivation, productivity and satisfaction. How important is the compensation system in an employees productivity?
You have just been promoted to the manager of your medical office. One responsibility you now have is to research and determine if you want to use the concept of speed treatment to treat your patients.
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Review "How Do We Describe a Firm's Strategy?" Write an executive memo for your project firm, Proctor & Gamble's Organization 2005. Communicate the findings from your preliminary analysis of the organization's strategy. Identify and analyze the firm'..
Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes, and solve the decision tree EVsmall expansion = $, EVlarge expansion = $
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Assume you are the HR Manager of a medium sized company. You have an exempt open position to fill and have received several applications/resumes. This department has taken a lot of your time because they don't get along very well, but yet there has b..
Examine the issuance and trading of securities, federal securities legislation and regulations, and the Securities and Exchange Commission.
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Develop an x chart to be used in conjunction with an R-chart to patient waiting time and indicate if the process appears to be in control - Construct a precedence diagram for the manufacturing of briefcases. Compute the flow time required for assem..
Discuss examples of deleterious effects on management practice of theories in business, economics, ethics and/or management.
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