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Next week, Super Saver Discount Airlines has a flight from JFK to LAX that is expected to be booked to capacity. The airline knows from past history that an average of 25 customers (with a standard deviation of 15, assume normal distribution) cancel their reservation or do not show for the flight. Revenue from a ticket on the flight is $125. If the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $250. Super Discount considers the cost of flying the plane from JFK to LAX a sunk cost. We would like to get insights for the overbooking policy of the airline. whats cost of overstocking?
Think of different supervisors you've worked for. If possible select two: one who shows what you believe are the best qualities of a good manager and one who shows the worst.
A group of 20 from different departments from within an organization is put together to form an action learning set. At their meetings, every person is allowed to present and receive feedback from other set members and their coach.
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effective leadershipdescribe how you as a leader can promote or fail to promote effective leadership. what can you do
Managing a business using a fairly clear understanding of roles and tasks division of labour, clear authority and responsibility and promotion decision based upon one's performance are related to which historical approach to management?
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