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Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph appears: “The below-signed agrees not to work as a chef for another hotel in the same metropolitan area for a period of two years after leaving our employ.” Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable. Explain why this contract is governed by common law or the Uniform Commercial Code (UCC). Examine at least two circumstances in which this non-compete agreement would be unenforceable.
As a partner in a small communications firm, you have noticed that your fellow partners and several employees have mentioned new product ideas they felt were worth pursuing, but that none of these ideas have been pursued. Design a formal process to d..
A production line is to be designed for a job with three tasks. The task times are 0.7 minutes, 0.9 minutes, and 0.3 minutes. The maximum cycle time in minutes is: A production line is to be designed for a job with three tasks. The task times are 0.6..
Imagine that you work in the human resources department of a small but growing company that runs a chain of clothing stores. The top managers believe that by next year, the company will be able to get financing to expand overseas, where consumer dema..
Michael Angelo is a renowned “House Painter for the Stars.” His craft is well-known throughout Hollywood land, he is in high demand, and he has limited his work to celebrity homes valued at $2 million or more. Sandra Aniston, a “star of the screen,” ..
Ronald Metzger placed his fifteen-month old son John, awake and healthy, in his playpen. Ronald left the room for five minutes and on his return found John lifeless. A purple toy block had lodged in the boy’s throat, choking him to death. Ronald call..
Suppose the Chester company begins to compete through good designs, high awareness and easy accessibility for their existing products, what strategy would they be implementing?
Suppose management has decided to improve supply chain structure. How would you decide which of the five approaches to structure improvement to use. Describe your type of company and products before answering.
Why might it be inappropriate to use inventory turnover ratios to compare inventory performance of companies that are in different industries?
Describe how the overall productivity of the homebuilder would be calculated. In other words, how could the total productivity of all inputs be incorporated in a total productivity calculation.
A researcher looks at moving average data on store sales a wishes to perform a multiple regression of interest rates and disposable income. What is a particular concern when performing time series multiple regression? a. homoscedasticity b. autocorre..
Motivation is one of the most basic elements of human behavior. Describe the psychological process of motivation. Present one theory of motivation that will raise the performance and satisfaction of a typical employee in an organization.
Stock is received 12 working days after an order has been placed. No backordering is allowed. Suppose 325 working days a yr. Illustrate what is Dotcom optimal order quantity.
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