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Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. They are conducting an inventory control study of all their items. The following data are for one such item, which is not seasonal. a) Use trend projection to estimate the relationship between time and sales (state the equation). b) Calculate forecasts for the first four months of the next year. Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales 51 55 54 57 50 68 66 59 67 69 75 73
Fan manufacturer uses a periodic review inventory system to purchase electric motors. The review period is 4 weeks and the lead time is 2 week. Demand for electric motors is normally distributed with a mean of 800 per week and a standard deviation of..
County Credit Union (CCU) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans. Formulate a linear programming model that can be used to determine the amount of funds CCU should allocate to each type ..
There are currently no limited liability companies listed on national exchanges. As indicated in class, this is due in some part to the lack of a definitive answer to the question of whether membership in an LLC is a security. Should membership in an..
Managers at Acme Explosives supervise workers closely also use rewards also punishment to control their behaviour. Acme is a (n) Elucidate what kind of organization.
In response to a variety of expected environmental changes in your industry, your business has decided to change its organizational structure to be more consistent with a new strategy for increased competitiveness. They plan to move from a mechanisti..
Assume you are organizing an event on campus to raise money for a charitable organization (ex: Relay for Life for the American Cancer Society). Last year your goal was to raise $9,000, but $8,000 is all that was raised. How could you implement feedfo..
In this module you have learned about express and implied warranties on products as well as what elements a plaintiff must prove in order to succeed in a products liability case. Is there a stated warranty or is it an implied warranty? If it is state..
What are the two things that an organization can do to improve its ability to control? Discuss the significance of direct supervision. What is the major difference between a tall organization and a flat organization?
Give an example of a company that is able to charge a premium price for a product compared to companies offering a similar product at lower prices. What enables that company to charge the premium pricing?
Identify three (3) performance measures you would use to measure the clinic's effectiveness and provide the rationale for each performance measure.
What advantages other than profit can be gained by offshoring? What are the ethical consideration, if any, that a company faces in making a decision to offshore activities? What might be the long term implications of offshoring, from the perspective ..
Is it ethical to use design elements also special effects to persuade an audience. Explain why or explain why not. Please feel free to use an example.
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