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Goop Inc. needs to order a raw material to make a special polymer. The demand for the polymer is forecasted to be Normally distributed with a mean of 250 gallons and a standard deviation of 80 gallons. Goop sells the polymer for $25 per gallon. Goop’s purchases raw material for $10 per gallon and Goop must spend $5 per gallon to dispose of all unused raw material due to government regulations. (Assume one gallon of raw material yields one gallon of polymer with no extra cost.) If demand is more than Goop can make, then Goop sells only what they made and the rest of the demand is lost. Suppose Goop purchases 150 gallons of raw material. What is the probability that they will run out of raw material?
Discuss what approach you will be taking to monitor and evaluate your development plan. Include specific action steps and along with tools, forms, etc. that will support this process. For those of you who have not had experience working in a company ..
Mark, Donna, and their children, along with another family, traditionally attended Easter brunch at a large downtown hotel. This year, as in the past, Donna called and made a reservation about three weeks prior to Easter. Were the hostess’s actions c..
Gail Lindgren is an entrepreneur who runs a small business called Moonbeams based in West Des Moines, Iowa. In 1997, Ms. Lindgren designed and began selling JeanJangles ®, jewelry that hangs from the belt loops on jeans. Ms. Lindgren obtained a paten..
What are the weakest parts of the business plan? What are the strongest parts of the business plan? What areas need improvement?
Pose a series of five questions that you believe would be important in performing the risk assessment using the matrix. Discuss how human error would be used in performing the risk assessment.
Write a memo to your employer on two pages or less on the following issue: You’ve been advised that your company’s Senior Account Manager has been forwarding emails complaining about the President of the United States to other people in the company a..
Biggs-Gridley Memorial Hospital, a non-taxpaying entity, is starting a new inpatient heart center on its third floor. The expected patient volume demands will generate $5,000,000 per year in revenues for the next five years. The new center will incur..
If you calculate the person-hours devoted to IBM's team projects, they amount to more than 180,000 hours of management time each year. Do you think this is a wise investment of IBM's human resources? Why or why not? Multicultural project teams often ..
Although many people associate organizational politics in a negative light, it can be an effective strategy or one that causes dysfunction. Think of an organization you are familiar with (personally or through the media) and provide either an example..
Adam Paul Strege (APS) opened a checking account at U.S Bank. Just below his signature card for the account, he wrote, “Call if I bounce a check”. APS bounced several checks and each time U.S Bank covered those checks, but it did not notify APS of th..
Compare and contrast two learning theories. Which one do you believe is most effective? Why?
What is the primary purpose of creating a work breakdown structure?
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