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A real estate company is considering several different hotel projects. They need to build at least 2 hotels, and there are 5 locations under consideration. The company must decide which locations to build hotels on and the number of rooms to build at each of the chosen locations. There are fixed costs associated with each of the locations that will only be incurred if a hotel is built on the location. Also associated with each of the locations is the expected annual profit per room. Finally, there is a room limit for each location that cannot be exceeded. Formulate a mathematical program that can be used to determine the number of rooms to build at each of the locations so that difference between the annual profit and the fixed costs is maximized. Location Fixed Cost Annual Profit/Room Max # Rooms 1 $8000 $500 100 2 $3000 $100 300 3 $6500 $350 150 4 $4000 $300 200 5 $7000 $550 50
Explain the plans that reward group behavior, include pros and cons. Describe the implications of compensation policies and strategic mandates. Define Compensation and explain its relationship with competitive strategies.
An ophthamology practice is deciding whether to offer prescription eyeglasses for sale in-house. The new service would require the training and hiring of additional personnel, inventory for glasses and frames, and some minor space alterations. How mu..
Would you be interested in buying luxury items, like expensive jewelry at a warehouse club? Sam’s Club offered a $347,000 diamond solitaire ring during a recent Christmas shopping season. If you could afford such a ring would you buy it at Sam’s Club..
Describe countertrade. What are its major advantages to a manufacturer from a developed country with a pegged currency? What are the major disadvantages?
Identify a company with which you are familiar. This could be your place of employment, a car wash, a yard service company, and so forth.
1. Define social responsibility? 2. What is an advantage to a business being socially responsible? 3. List the three main reasons for government regulation of businesses.
Lucy is the plan administrator for the Golden Corporation. She has invested all of the funds in Techno stock. The stock price plummeted. Lucy has: Select one: a. violated her fiduciary duty of diversification. b. violated her fiduciary duty of loyalt..
Define the nature and scope of operational risk. Compare and contrast the roles and responsibilities in the three lines of defence model.
What have been the recent economic issues facing the European Union of the last five to ten years? Briefly describe the kind and degree of cultural challenges facing the unique experiment of the European Union.?
Joe Evans stops at Mandy Simms’s desk. He hands Mandy a manila envelope and says, “This is the raw data we’ve gathered for the report on Product X. Describe the readiness level of the following people (Mandy Simms, Arthur Jones, Will Murphy, and Alic..
Figure out whether to arrive at decisions quickly or slowly in choosing among the various alternative adjustments.
The client has asked you to translate the language of organizational psychology for a general audience comprised of various stakeholders of the organization. Write an analysis covering the following aspects, What value will the consulting process b..
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