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You run a small shop that makes widgets. You employ 50 workers, and each worker can make 2 widgets per hour. They work for 8 hours a day and 20 days in a month.
You are quite concerned that you now have a big order of 64,000 widgets next month and want to hire some temps to make all 64,000 widgets next month. So, you'll have the extra labor start on the first and work the normal 20 days. Assume that these people can just arrive and get going making widgets like the normal staff.You pay the normal staff 25.00 an hour (don't worry about taxes and stuff). You'll pay Temp Agency 15.00 an hour for each temp hire. So, now you've got to budget for this stuff.So here goes:
1. How many widgets can the current staff produce each month?
2. How many temps do you need to hire to produce 64,000 widgets next month?
3. What's the total payroll for the next month going to be which includes the temp hires?
Can you think of workplace or neighborhood or other negotiation where the two sides are fighting over one "thing" but have different interests in that thing
The earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow at 8% per year in the future.
Consider the following linear program: Max 1A + 1B s.t. 5A + 3B ?15 3A + 5B ? 15 A, B ? 0 a. What is the optimal solution for this problem?
Consider the example of the Park Hyatt Philly discussed in the text. Recall that the full fare is $225, the expected full-fare demand is ~P(27.3), the discount fare is $159, and there are 118 king/queen rooms.
Elucidate how might a company's mission statement affect elucidate how it does its business. Elucidate how does Bass Pro Shop's mission statement affect way it does business.
What is Pareto's Principle (or the 80-20 Rule), and what does it have to do with control? Why do many managers act like control freaks? Why do many managers micromanage so much?
If Davis follows his supervisor's advice, what will happen to Davis's utilization? What will happen to the average time that a package spends in the container?
The head of operations for a movie studio wants to determine which of two new scripts they should select for their next major production.
Provide examples of explain how concepts in this simulation relate to your workplace. Explain ways in which external social pressures influence business ethics in the simulation.
What can a front-runner business do to foil the assaults of second movers? Is the second-mover advantage always a good business strategy?
illustrate what extend do you agree with assertion which "in managing people in current working environment, there is no need for Scientific Management concept also theories X also Y.
The fixed assets have a salvage value of $20,000 at the end of the project. The operating cash flow of the project is $70,000 per year.
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