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1. How do the five forces of competition (Michael Porter) in an industry affect its profit potential? Give an example.
2. Identify and evaluate the importance, uses, and challenges of MIS on an organization? In details.
3. Compute the multifactor productivity measure for an 8 hour day in which the usable output was 530 units, produced by 4 workers who used 750 pounds of materials. Workers have an hourly wage of 18 and material cost is 1.3 per pound. Overhead is 1.5 times labor cost.
The multifactor productivity (units/$) = _____________(round to 4 decimal places)
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