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A marketing firm is trying to win a major contract from a large retail company and is concerned with four major threats: (1) Competition: the probability of very competitive bids is high at .6, and the potential impact would be substantial at a value of 5 on a scale of 1-7 (where a 7 is a major negative impact and a 1 is slight). (2) Economy: probability of a recession is a .4 and its impact would be a 7 since the company would decide not to advertise. (3) Chance of a loss: a small probability of .3 with a negative impact of 4. (4) Personal loss: Probability of a loss is .5 but negative impact is only a 3. Use the FMEA technique to determine what risks are critical and which can be ignored.
In an audit office, 5 auditors each working 8 hours a day for 250 days completed audit of 1000 accounts. New software with some advanced auditing features was installed on all computers with a promise of 20% increase in productivity. In the meantime,..
On June 18, 2014, a hot day in Georgia, Harris placed his son, 22-month-old Cooper, into a rear-facing child restraint in the backseat of his Hyundai Tucson after eating breakfast at a fast-food restaurant. He then drove to his workplace, a Home Depo..
Synthesize your approach to the effective closure of a team process or project. Focus on how the people might disengage in a positive way. It would be important to ensure continued effort through to complete closure
How are manufacturing and nonmanufacturing location decisions similar? Different?
Suppose you manager asked you to improve the WIP report. What other variables do you think should be added to enhance the WIP report? And why?
Let F(x): R -> Z be the floor function and C(x): R -> Z be the ceiling function. Select which of the following function equations are true (select zero or more answers).
Summarize the major advantages and limitations of a conjoint study for new product design.
Katie Posh runs an upscale nail salon. The service process includes five activities that are conducted in the sequence described below. (The time required for each activity is shown in parentheses):
Flying Monkey Enterprise and Planes Inc. separately approach you (Magical Financial Consultants) to design a lease. The specifics are as follows. Lessee: Flying Monkey Enterprise. Incremental borrowing rate is 12%. Lessor: Planes Inc. (A plane man..
Transportation problem. A company has m manufacturing facilities. The facility at the ith location has capacity to produce bi units of an item. The product should be shipped to n distribution centers.
Consider this: Lee Peterson has invented a new product that detects water leaks due to broken pipes and sends out an alarm similar to a smoke alarm
The bank paid the checks and requested reimbursement from MJZ. When MJZ refused to repay the bank, it sued MJZ for recovery of the amounts. How should the court rule?
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