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Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. As the suppliers all reside in a locution prone to hurricanes, tornadoes, flooding, and earthquakes. Phillip believes that the probability in any year of a "super-event" that might shut down all suppliers at the same time for at least 2 weeks is 3%. Such a total shutdown would cost the company approximately S400.000. He estimates the "unique-event" risk for any of the suppliers to be 5%. Assuming that the marginal cost of managing an additional supplier is $ 15,000 per I year, how many suppliers should Witt Input Devices use? Assume that up to three nearly identical local suppliers are available..
In your own words clearly and completely explain the advantages and the disadvantages of the Low Task Standard and the High Task Standard methods of rating employee work
Goop Inc needs to order a raw material to make a special polymer. The demand for the polymer is forecasted to be normally distributed with a mean of 250 gallons and a standard deviation of 125 gallons. Suppose Goop purchases 400 gallons of raw materi..
At Forest Point Construction, your boss says that he can estimate the total project time based on his personal experience. You are trying to convince him that he should use project management techniques to handle a complex project. What is the critic..
Leaders must frequently address competing needs of work groups. Conflict can arise when groups vie for limited resources. Addressing the conflict is essential to leading.
Your company is considering the introduction of a new product line. The initial investment required for this project is $500,000, and annual maintenance costs are anticipated to be $35,000.
What was Graicunas' main contribution to the fundamentals of organizing? The central concern of span of management is to: One of Henri Fayol's guidelines for organizing resources is to avoid red tape, regulations, and paperwork. After a manager has d..
Discuss on the topic of Obligations of an association and form a report
A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $.80 per box on an annual basis. Compute the annual cost of ordering and carrying the boxes of staples
identify a product that is not a market leader and develop a marketing plan for which the framing effect could be use to encourage consumers to reverse their preferences.
Bonnie purchased a new business asset (five-year property) on March 10, 2013, at a cost of $30,000. She also purchased a new business asset (seven-year property) on November 20, 2013, at a cost of $13,000. Bonnie did not elect to expense either of th..
Explain the differences between vertical integration and outsourcing
How did the appellate court respond to Mills Construction’s argument? Who are the stakeholders in the Miller case, and how might they be impacted by this breach? What are some differences and examples of material and immaterial breaches you can think..
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