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Which of the following best defines a profit?
a. It is the money a business earns in sales minus the expenses.
b. It is the total revenue that a business generates.
c. It is the increase in the value of a firm’s assets that are not resold.
d. It is the income that a firm receives from its normal business activities.
why is high productivity important for a nation? 2. why do you suppose that service jobs have lower productivity than
Describe the type of hospitality industry and its main categories of employees.
Discuss three contemporary communication issues facing managers. Provide one example for each challenge. Which do you think is more important for a manager: speaking accurately or listening actively? Why?
Define what a project is. Describe the basic phases of the project lifecycle including their purposes. Describe why organizations might choose to use project management to accomplish tasks.
Discuss whether or not your organization has optimized these organizational resources for effectiveness also efficiency. Justify your position. Illustrate what quality control improvement tool distinguishes between the important few also trivial ma..
Explain the use of outlet stores such as Saks Fifth Avenue in the context of revenue management. How does the presence of outlet stores help Saks? How does it help its more valuable customer, who is willing to pay full price?
All of the people left that meeting shocked at how much their job would change, especially when you said 98% of transactions would no longer need to be processed, 95% of schedules would not have to be written, and that many of their jobs would sim..
Develop a chase aggregate plan for Draper using a permanent workforce of 12 employees supplemented by overtime. All demand must be met each period.
Mike is preparting the x-bar chart and the R chart for Uncle Ben's 2lb. box rice packaging line. Using the standard sample size of 9 items. Mike found the average range is .02 lbs and the overal process average is 1.98 lbs.
When may an organization legally hire employees based upon religion, sex, or national origin? Provide an example of a job that would permit such a restriction (one example for each of the three qualifications).
What kinds of situations call for the use of oral methods? What situations call for the use of written communication?
List the six basic steps involved in building the house of quality. What are the four levels of follower maturity defined by the situational leadership theory
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