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Audi sells snow tires which are ordered every Friday to meet next week's demand. The sales price for the most popular size is $30 per tire and its cost for Audi is $25. If too many tires are ordered Audi incurs an inventory holding cost of $2 per tire. If Audi is out of stock, it forgoes the profits from missed sales. Audi has the option to order 150, 200, or 300 tires to meet next week's demand which can be either 150, 200, or 300 tires. Assume that based on historical bids with the defense contractor, the plant manager believes that there is a 65% chance that the bid will be accepted and a 25% chance that the bid will be rejected. (PLEASE DO NOT USE A PAYOFF TABLE - USE REGULAR EXCEL AND SHOW STEPS OF HOW TO DO IT!)
a. Which alternative should be chosen using the expected monetary value (EMV) criterion?
b. What is the expected value under perfect information (EVPI)?
Identify cultural conflicts, identify and discuss the sources of conflict related to the culture of the country or countries where General Electric does business, and why these conflicts occurred and who was involved?
How can functional systems assist with fraud detection and compliance issues? Give examples of each system and the function it supports in regard to compliance.
What is corporate governance? What role does corporate governance play in strategic planning? Why is it important? Explain your answer and provide an example.
Decision Tree Problem: Expando, Inc. is considering the possibility of building an additional factory that would produce a new addition to their product line. Construct a decision tree to help Expando make the best decision.
A company produces two products, A and B. The unit revenues are $2 and $3, respectively. Two raw materials, M1 and M2, used in the manufacture of the two products have respective daily availabilities of 8 and 18 units. Determine the optimality condit..
Discuss the brand strength behind Toyota. It is recommended to include the consumer research process secondary and primary research including the qualitative and quantitative analysis
Share 2-3 examples of where you stand in your own behavior at work or school within the spectrum of terminal vs. instrumental values. Point to specific details and actions. What insights can you share about yourself from this exercise
Which type of forecasting approach, qualitative or quantitative, is better?
A foreign government intervention in the product pricing decisions of a specific foreign company is an example of: A. Micro risk factors B. Marketing risk factors C. Macro risk factors D. Nationalizing risk factors
Why is some knowledge of accounting necessary to succeed in business? Name some of the major stock exchanges where securities are traded. Describe the characteristics of each.
Tell us about a miscommunication you have had, or observed, in a business situation. In hind sight, what could you have done to prevent or minimize it? How did you resolve the problem? Was it because of some type of barrier, such as emotions, network..
What is a tort. Briefly discuss the elements of "SINN". What is sexual harassment. What is the difference between quid pro quo harassment and hostile environment harassment
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