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Review your results from the “How Do You Make Decisions?” self-test in Chapter 6. Can you think of a bad decision from your own school or work experience or from a recent business or political news story that was made in an effort to correct or justify a past decision? As a new manager, how might you resist the urge to choose a decision alternative based on the idea that it might correct or validate a previous decision?
Tasked with performing secondary marketing research to inform a brief proposal that introduces a new product concept that can be added to the menu.
Crew Soccer Shoes Company is considering a change in its curent inventory control system for soccer shoes. The company decides to use a fixed-order-quantity system. What is the economic order quantity? What should be the reorder point to have a 95 pe..
An electronic company manufactures Graphics Card, which has a fixed manufacturing overhead budget for year 20X5 of $1,800,000. The sales of Graphics Card are expected to be 500,000 units for the year. All variable manufacturing costs are expected to ..
How do individual and team presentations differ? How are they similar? Would you rather present individually or with a team? When is it appropriate to present as a team or an individual? Explain your answers.
Select one of the laws listed below and explain how it has changed the staffing process. Also select one governmental activity from the second list and explain how it influences staffing. Respond substantively to two other learners.
Explain how organizational culture could affect the failure or success of a joint venture or strategic alliance between two companies.
Why is a conductor of an orchestra an appropriate metaphor for being a quality project manager? What aspects of quality project management are not reflected by this metaphor?
ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year.
The minute stop market has one pump for gasoline, which can service 10 customers per hour (Poisson distributed). Cars arrive at the pump at a rate of 5 per hour (Poisson distributed). Find the probability that there are exactly two cars waiting in th..
What is production activity control? What is a dispatch list? What is a Gantt chart? Explain critical ratio rule for doing work. Explain backward scheduling and why is it preferred by MRP? Explain work center load. When is order cancellation a last r..
Determine two potential profit objectives that you will consider for accepting a less than normal profit margin if you win the contract. Provide a rationale for your response.
Storied Lane Components is preparing an inventory management plan for screwdrivers. They have a forecasted demand of 10,935 screwdriers per month with a MAD of 152 screwdrivers per month. The lead time to receive screwdrivers is 1 week(s) and they wo..
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