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Jim is a CFO of a mid-sized construction company. One of his key tasks is to ensure that the company has sufficient cash to pay its daily and hourly workers who are hired whenever need arises. The company operates all 365 days a year and Jim estimates that on any day his payroll is Normally distributed with mean $25,000 and standard deviation $7,000. Jim manages his cash reserves using the order-up-to model: each morning he places an order for cash with the bank and the armored vehicle arrives 2 days later with the money. It is company's policy to pay all workers on the same day, but in rare cases when the company runs out of cash it pays workers as soon as possible while increasing their paycheck by 1% for each day of delay. For each dollar carried the company incurs 15% cost annually which includes cost of capital and insurance. What is the profit-maximizing order-up-to level for cash?
How can managers ensure that the staffing systems they are implementing will lead to the achievement of desired organizational and HR goals?
What are three leadership styles and choose a leadership style you feel comfortable with as an employee and explain why
The work center makes products in batches ranging from one unit to one hundred units. Assuming capacity is not a limitation on either machine, on which batches should machine B be used.
Why is Strategic Recruitment critical to the achievement of an organization in meeting its goals and mission?
organizational behaviourproblem -explain the following key concepts and terminology1organizational
How is the word myth utilized popularly? For instance what does the statement It's a myth mean? In contrast how is the word myth used in the academic context?
illustrate what is the source? Illustrate what about Under Blockbuster's evolution and current business strategy may pose problems going forward?
Should an employee have an expectation of privacy relative to electronic communications when sending personal emails from the company computer?
Discuss which characteristic of a project manager is more important to high performance teams use of power or motivation. Use specific examples from your textbook also one additional scholarly source to support your claim.
Numerous articles published in newspapers, magazines etc present statistical data as well as list margins of error for instance reports on political opinion polls development or decline of the housing markets manufacturing sectors etc.).
In a leader-follower relationship, is it ever appropriate to change your behavior based on a person's gender or cultural background
Iroquois Theater fire in Chicago on December 30, 1903, killed 602 people and was deadliest public assembly fire in United States What was the deadliest workplace fire in United States?
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