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A college professor told her students, "The purpose of a management course is to teach students about management, not to teach them to be managers." Do you agree or disagree with this statement? Why or Why not? Also, is efficiency and effectiveness more important to organizational performance? Can managers improve both simultaneously?
A fast food franchise tracked the number of errors that occurred in customers' orders. These included wrong menu item, wrong size drink, lack of condiments,
Use the internet to research how an interviewee or a current employee might negotiate better pay and/or benefits. Consider using a search term like "negotiating pay and benefits" or "how to negotiate with your boss."
What is the new minimum throughput time for one-tray orders and what is the capacity of each resource (Kristen, the oven, the mixer, and the roommate)?
Develop a probability tree showing all marginal, conditional, and joint probabilities.
An assembly line with 11 tasks is to be balanced. The longest task is 2.7 minutes, the shortest task is 0.4 minutes, and the sum of the task times is 18 minutes.
Calculate the process capability index and advise if the process is at an acceptable level for an existing process (defend your answer).
Construct the appropriate decision tree to help the oil company make the appropriate decisions. This tree must be constructed in logical order with labels and net payoffs. It also includes the revised probabilities
How many channel levels are appropriate for you company's targeted business segment? Based on the number of channel members, should you use exclusive, selective, or intensive distribution? Why
Your company invests $50,000 today at an annual interest rate of 4.00%. The interest is compounded quarterly. Calculate the first quarter interest.
Show total cost expression also compute EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 40000 also ordering cost of $48.
Mathematical formulation of the model
Employee Champion and Change Agent. Some ideas for discussion -- Do the scores reflect high quality, low quality, or somewhere in between?
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