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Great points and examples where ability, insight, willingness and commitment can all be enablers when making decisions! Class, what about willingness? Have you seen where an individual or individuals were not willing to make a decision in a specific situation? For instance, I know from experience that HR decisions (e.g. hiring, firing) can be very difficult to make at times. Lack of willingness to make an HR decision can impact a team's productivity and morale. What approaches have you seen be used to motivate people to be willing to make key decisions?
An investor wants to invest $50,000 in two mutual funds, A and B. The rates of return, risks and minimum investment requirements for each fund are: Fund A B Rate of return Risk 12% 0.5 9% 0.3 Minimum investment $20,000 $10,000 Note that a low Risk ra..
A company stocks an SKU with a weekly demand of 225 units and a lead time of 3 weeks. Management will tolerate one stockout per year. If sigma for the lead time is 175 and the order quantity is 800 units, what is the safety stock, the average invento..
How do you imagine project management might aid or detract from the contract negotiating process, depending on how mature the process is within the organization?
Prepare journal entries to record: (1) accrued payroll, including employee deductions, for July ; (2) cash payment of the net payroll (salaries payable) for July; (3) accrued employer payroll taxes, and other related employment expenses, for July- as..
Groundz can place orders only once a month. Inventory and ordering costs would remain the same. Is it more cost-effective for Groundz to switch suppliers? Should Groundz switch? (new total cost $3042.67, switch)
What is your core product or service? How much money will you need to get started? Will you need to get a loan? How long will it take before your products or services are available? Who will be your competition? How will you price your product(s) or ..
A small barber shop has a single chair and an area for waiting, where only one person can be in the chair at a time, and no one leaves without getting their hair cut. So the system is roughly: Entrance, Wait, Haircut, Exit. Assume customers arrive at..
Reflect upon the projects completed in your CLC team. Analyze the development of the team in terms of the five-phase model or the punctuated equilibrium model. Choose the model that does the best job of explaining how your team evolved. Provide speci..
Conclusion - what are your thoughts and/or conclusions about the topic. How would integrate this information into a Safety Management System? How will it support it? How will your new knowledge make the SMS better
Define a process and basic process measures such as cycle time and utilization.
At a recent seminar on managing the human resource function, you overheard two people speaking about the value of personal selling, sales promotion, and relationship marketing strategies.
A purchase contract must have certain considerations to be legal. Which of the following is not one of these considerations
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