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Dan, Fran and Stan want to establish a bike sales and rental shop. Dan and Fran will be actively involved in managing the business operations, and Stan is investing most of the money. The 3 want to use a form of business organization that will give limited liability to each of them.
Using THREE of the seven factors as discussed in class (liability, taxation, financing, management, liquidity, formalities, and life of business) discuss what would be the best type of business organization to limit their liability, and why?
If you had the power to decide which substance should be legal and which should not, what criteria would you use in making your decision? Discuss which social-control strategies could be implemented to govern the consumption of these substances.
A small firm intends to increase the capacity of a bottleneck operation by adding a new machine.
How would you go about developing a risk matrix? Give an example of the kinds of factors that should be evaluated.
Graphical linear programming techniques can only be used for two-variable problems. However, most real-life problems involve more than two variables, and as such, lend themselves to computer solutions. Discuss the benefits of learning about graphical..
What happens when an organization focuses on customers?
Two alternatives are being considered for a customer's order whose anticipated volume is not yet know. If the firm produces in-house, the fixed cost is $340,000 and variable cost is $2.90 per unit. If the firm chooses to outsource, it will incur a fi..
According the book, Cheap: The High Cost of Discount Culture, 80% of all toys made in the world today are assembled by: According to the book Cheap: The High Cost of Discount Culture, which of the following was the MOST important factor in making pur..
What are the three different types of international staffing policies that companies can implement? Identify the advantages and disadvantages of each type of international staffing policy.
According to Porter, what determines the level of competitive intensity in an industry?
Explain how constraints in manufacturing are interrelated with a company's decisions regarding volume and variety.
In the face game, OP1 can draw 82 circles in 2 minutes, OP2 can do 59 faces in 2 minutes, OP3 can add hair to 21 faces in 2 minutes. Who is the bottleneck?
Describe a real-world (personal experience or news story) or fictional (book or movie) example of a leader making critical business decisions without the input of others in the organization. What were the positive and negative results of that type of..
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