What is the benefit of using written contracts

Assignment Help Operation Management
Reference no: EM131400209

What is the benefit of using written contracts? What drawbacks might there be in using written contracts? Should all contracts be required to be in writing in order to be enforceable? Why or why not? Please state reasons in support of your answer.

Reference no: EM131400209

Questions Cloud

The specified wight on the package : Government regulations mandate that Belgian chocolate bars sold in packages of .5 kilogram cannot wigh less than .5 kilogram, the specified wight on the package. If regulations are violated, the company is fined. If the process is in control approxim..
Influence company competitive strategies : Discuss the various factors that influence a company’s competitive strategies and compensation practices. Assess how a company can mitigate these factors using effective compensation practices. Respond to at least two of your fellow students’ posting..
Define management and leadership : Managers can seek out service-minded staff by hiring those job applicants who: In your own words, define management and leadership. What do you feel are the differences between the two terms?
Identify the issue and the values in tension : The CEO of your company sits on several other Boards, as is the practice in the industry. The CEO is going to annual meeting where one of the agenda items is to vote on the compensation package of the CEO and CFO of Genetics, LLC, another company in ..
What is the benefit of using written contracts : What is the benefit of using written contracts? What drawbacks might there be in using written contracts? Should all contracts be required to be in writing in order to be enforceable? Why or why not? Please state reasons in support of your answer.
General superintendent of the rowland operation : Norman Blankenship came in the side door of the office at Consolidation Coal Company's Rowland mine, near Clear Creek, West Virginia. He told the mine dispatcher not to tell anyone he was there. Norman was general superintendent of the Rowland operat..
Part of the strategic management process : Briefly describe why the supply function at an organization must be part of the strategic management process. In your opinion should the supply function be part of the: (1) administration; (2) finance; (3) logistics, division of an organization:
Meaning maximizing stakeholder value : Social responsibility for a business aligns into four key areas. First, economic - meaning maximizing stakeholder value; second - legal, abiding by all the laws and regulations; third - ethical, following standards of acceptable behavior; and fourth ..
Moving average and single exponential smoothing methods : The first class of forecasting methods we cover are based on “averaging” past time series values to forecast. Restricting attention first to Moving Average and Single Exponential Smoothing (SES) methods, explain the difference between these two appro..

Reviews

Write a Review

Operation Management Questions & Answers

  What is champions scrap efficiency

Champion Cooling Co. locates a scrap metal dealer that is willing to pay 33 cents a pound for all scrap copper so they sign an exclusive contract with that firm. Champion reports a cost of goods sold of $100,000 and a scrap cost of $20,000 for their ..

  Portfolio exhibit good strategic fit

Does PepsiCo’s portfolio exhibit good strategic fit? What value-chain match-ups do you see? What opportunities for skills transfer, cost sharing, or brand sharing do you see?

  What is the cycle time and what is the total annual cost

Demand for a popular athletic shoe is nearly constant at 800 pairs per week for a regional division of a national retailer. The cost per pair is $55. It costs $72 to place an order, and annual holding costs are charged at 20% of the cost per unit. Wh..

  Why is the product life cycle an important consideration

Why is the product life cycle an important consideration in selecting and developing a marketing strategy? What are the core differences among the PLC stages that force marketers to alter their marketing programs over time? Describe one product for e..

  Indicate whether or not you believe the company

Evaluate two (2) key changes in J.C. Penney's management's style from the company's inception to the current day. Indicate whether or not you believe the company is properly managed today. Provide support for your position.

  Which system has the largest incremental b-c ratio

A new storm drainage system must be constructed right away to reduce periodic flooding that occurs in a city that is in a valley. Which system has the greatest B-C ration? Which system has the largest incremental B-C ratio (based on differences betwe..

  Profitable number of each model of minicomputer to produce

MSA Computer Corporation manufactures two models of minicomputers, the Alpha 4and the Beta 5.  The firm employs six technicians, working 160 hours each per month, on its assembly line. Determine the most profitable number of each model of minicompute..

  Case is frequent turnover among team members

One feature of the teams in this case is frequent turnover among team members. How might turnover among team members affect team performance? What approaches can team leaders take to minimize potential negative impacts of turnover and gain advantages..

  One of four existing supermarkets

a. If Sonny chooses the warehouse location to be adjacent to one of his four existing supermarkets, near which supermarket should he locate in order to minimize cost?

  The purpose of preserving the employees jobs

Apollo Inc., a publicly held corporation, has assets of $100 million and annual earnings in the range of $13–$15 million. Apollo owns three aluminum plants, which are profitable, and one plastics plant, which is losing $4 million a year. Would it be ..

  Solve the above problem utilizing the excel solver

The daily demand for solution A lies between 30 and150 units also for solution B between 40 and 200 units. Find out the optimal production amounts of A also B utilizing the Graphical Method. Solve the above problem utilizing the Excel Solver.

  Hospitality industry for planning a service delivery system

Identify a planning technique used in a non-hospitality industry that would also be valuable in the hospitality industry for planning a service delivery system. Explain your reasoning for your decision.

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