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how many observations should a time study analyst plan for in an operation that has a standard deviation of 1.5 minutes per piece if the goal is to estimate the mean time per piece to within 0.4 minutes with a confidence of 95.5% ?
How the compensation system influences employees motivation, productivity and satisfaction. How important is the compensation system in an employees productivity?
Describe a net-change system. It is usually run at the beginning of each month. The basic production plan is modified to reflect changes as they occur. It is used to authorize the execution of planned orders.
Does the EOQ increase or decrease if estimates of setup (order) costs include fixed, semi-variable, and pure variable costs while inventory-holding costs include only pure variable costs? Vice versa? What are the implications? Explain.
Define the term de facto corporation and list the 3 terms that must exist in order for it to exist. Define the term corporation by estoppel.
It is possible for a company to be the lowest-cost producer in its industry and simultaneously have an output that is the most valued by customers. Which is more important in explaining the success and failure of companies: strategizing or luck?
Discuss innovative ways (outside those addressed in the text) that HR planning can contribute to the alignment of organizational strategies and objectives
Allen Young has always been proud of his personal investment strategies and has done very well over the past several years. He invests primarily in the stock market.
Explain how advancing technologies in the security field are changing how end users are identified. In your response, identify potential security gaps that may be caused by these new identification procedures.
Suppose that the utility function for the owner of Morely Properties can be approximated by the exponential utility function U(X) = 1 - e^(-x/R) where the risk tolerance value R=100 (in $1,000s).
Calculate the schedule variance, schedule performance index, and cost (actually value in this case) performance index. How is the project going? Hint: Note that this problem is different since revenue rather than cost is the relevant measure. Use ..
What study was credited with beginning the tradition of scientific police evaluation?
What potential causes of poor decision making existed at WorldCom during Bernard Ebbers' administration? What might have happened if Ebbers had been prone to a different conflict-handling style, such as compromise or collaboration?
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