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1. Value added can be calculated by:
A. average productivity gains over time
B. inputs divided by the outputs
C. outputs divided by the inputs
D. input plus output divided by two
E. outputs minus inputs
2. What are the pros and cons of using the strategic audit as a framework for case analysis?
3. Describe a notion "optimization" application, using the terms: decisions, constraints and objectives.
4. Briefly describe "simulation" as used in business modeling.
5. Identify one common business "simulation" model application.
Functional strategies
Explain why is it important to pay more attention to the firm's ROE if you ar the firm's shareholder (investor) and explain how to use the DuPont equation to see how the ROE can be improved?
In order to win, the UAW would propose to restrict the bargaining unit to assembly workers and Jack would propose to define the bargaining unit as technical workers, janitors, and assembly workers.
Orwell Building Supply just paid a $2 dividend. The dividends are expected to grow at 30% for the first year, 25% for the second year, and then 15% for the third year. After which, the long-run rate is expected to be 6%. What is the expected dividend..
A weekly meeting is scheduled for every Thursday at 7:00 a.m. central time for a virtual team responsible for defining a new quality improvement process. Every week, the meeting starts about 10 to 20 minutes late. Some of the key attendees are not fa..
When prices rise, but wages remain fixed in the short run? A) Firms face profit opportunities, because real wages fall. B) Firms reduce output, because the costs of their inputs increase. c) Firm’s profits decline, because they are unable to attract ..
List some products in your personal or family “inventory.” How do you manage them? (For instance, do you constantly run to the store for milk? Do you throw out a lot of milk because of spoilage?) How might the ideas in this chapter change your way of..
Different organizations reward individuals for various achievements and in different ways. For example, an individual who meets or exceeds specific benchmarks, such as the number of tickets written or the amount of drugs intercepted, may be rewarded.
What are the four business level cooperative strategies and what are the differences among them? Why do firms use cross-border strategic alliances? What risks are firms likely to experience as they use cooperative strategies? How can a firm manage th..
Are GMA or cognitive ability tests more trouble than they are worth? Given that minorities are more likely to score lower on such tests, would it be advisable to find some other method for predicting job success?
The Phillips curve shows an important tradeoff faced by economic policymakers. This tradeoff was used to point out the legitimacy of government intervention in the economy for many years. What is the Phillips curve? What does it show? Why is it impor..
Determine the economic order quantity What is the average number of bags on hand? How many orders per year will there be?
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