Qualifying or determining dimensions

Assignment Help Operation Management
Reference no: EM13856757

Read the scenario and put the following dimension into the correct category: qualifying or determining dimensions.

Glen is a 45-year-old financial executive who owns his own business and frequently entertains clients at dinner or with sports or other outdoor events on weekends. He is married and has three young children. Glen is looking for an investment that will allow him to continue to entertain his clients and also provide an outlet for spending more time with his family and friends. He first considers buying season tickets to a professional sports team, which is reasonably priced but limits the number of people who can participate in his outings. He next considers purchasing a share in a hunting lodge in the mountains, where he could entertain as many people as he wants during certain weeks of the year, but is not very close to home. Glen's wife suggests they purchase a small cruising boat, which will hold up to 12 people, has a kitchen and small state room for overnight trips but is still elegant enough for a client dinner. It is safe for the children and can be kept near their home. Glen purchases the boat after considering the three options.

Choose one of the two categories for the following scenario: qualifying or determining dimensions.

1. 45 year old financial executive

2. Owns his own business

3. Frequently entertains clients

4. Marries

5. Has three young children

6. More time with family friends

7. Reason priced

8. Wife suggests

9. Elegant enough for a client dinner

10. Safe for the children

Reference no: EM13856757

Questions Cloud

What are the various kinds of budgets? : What are the various kinds of budgets? Please explain each
Constitute the real basis of material production : Marx’s metaphor for the “social relations” and the productive forces that constitute the “real basis” of material production
Major means of production are privately owned : Which of the following is an economic system where the major means of production are privately owned?
Analyze financial data and present the rationale to deny : Analyze financial data and present the rationale to deny a loan renewal request
Qualifying or determining dimensions : Glen is a 45-year-old financial executive who owns his own business and frequently entertains clients at dinner or with sports or other outdoor events on weekends. He is married and has three young children. Glen is looking for an investment that wil..
Calculate the amounts and compositions of the exit streams : Fresh halibut livers containing 25.7 wt % oil are to be extracted with pure ethyl ether to remove 95% of the oil in a countercurrent multistage leaching process. Calculate the amounts and compositions of the exit streams and the total number of the..
Identifying promising target markets can be difficult task : Segmentation for the purpose of identifying the most promising target markets can be a difficult task. Many successful companies are able to develop or modify their products to address a number of market segments, according to the needs of customers ..
Describe the stepping stone method : The stepping stone method is being used to solve a transportation problem. There is only one empty cell having a negative improvement index and this index is -2. The stepping stone path for this cell indicates that the smallest quantity for the ce..
Identify two barriers that influence your critical thinking : Create a 6- to 8 slides Microsoft PowerPoint presentation that includes the following: What is critical thinking? Identify two barriers that influence your critical thinking

Reviews

Write a Review

Operation Management Questions & Answers

  Explain what is aggregated clinical data

You have been asked as an information technology (IT) expert to discuss the need and desire for aggregated clinical data and aggregated administrative data within an EHR system to the hospital's governing board. Focus your discussion on the follow..

  Identify the determining dimension or dimensions

Identify the determining dimension or dimensions that explain why you bought the specific brand you did in your most recent purchase of (a) soft drink, (b) shampoo, (c) shirt or blouse, and (d) larger, more expensive item, such as bicycle, camera, or..

  Burton snowboards the manufacturing process trades-off

At "Burton Snowboards" The manufacturing process trades-off the focus dimension of: The "what is Operations Management" video indicates that the methods to identify continuous improvement in a manufacturing process include:

  Differences between direct and indirect compensation

Describe the Fair Labor Standards Act and its impact on compensation management administration.

  What map coordinates should the central hub

Using the Centroid method, at what map coordinates should the central hub be located? Please provide at least one step of calculation for each of the two map coordinates of the centroid for full credit.

  Southern gas company is preparing to make a bid

Southern Gas Company ( SGC) is preparing to make a bid for oil and gas leasing right in a newly opened drilling area in the Gulf of Mexico. SGC is trying to decide whether to place a high bid of $ 16 million or a low bid of $ 7 million

  What is your initial reaction regarding this new project

You are at your desk at work when a co worker excitedly comes to your desk and shows you the scenario analysis that he has just completed for a potential new project. All three scenarios show a positive NPV.  What is the risk of assuming he is correc..

  Describe a conflict within an organization or team

Describe a conflict within an organization or team with which you are familiar. Identify and describe the source(s) and level of the conflict and support with evidence.

  Comparing the two primary considerations

Write a paper comparing the two primary considerations, from the aviation security viewpoint, of both landside and terminal security system design planning.

  Understand in order to do business on a global scale

Discuss the cultural factors organizations must understand in order to do business on a global scale. Use terminology from the chapter in the discussion. Each answer should be a paragraph in length, grammatically sound, and free of spelling errors. D..

  Suggest some possible strategic initiatives

Suggest some possible strategic initiatives that Sigma could pursue to continue its growth.

  Illustrate what is the probability of circuit boards

Illustrate what is the probability which the supply of circuit boards will be exhausted before an order is received if boards were ordered when the amount drops to 625 boards.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd