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McKinley, a large consulting company in UK, has a consulting staff consisting of 400 consultants at the rank of "associate". On average, a consultant remains at the associate level for 2 years. After this time, 30% are promoted to "manager" and 70% leave the company. In order to maintain the consultant staff at the average level of 400 associates, how many new consultant does Mckinley have to hire reach year at the associate level?
If sales price includes a mark up of 40%, and if the products are made on borrowed capital accruing simple interest at the rate of 4%, what is the interest cost due to credit sales?
The service industry has become the cornerstone of the US economy. Customer service has become the defining element of many businesses. In today’s market certain industries discriminate between average consumers and “good” consumers (average income a..
How should the relation between drugs and human life and health affect your views on drug industry monopoly profits? Explain. What would Adam Smith think about the “Drug Company Monopolies and Profits” article?
Identify one aspect of the current configuration that could be improved. Explain why have you chosen that aspect and suggest ways in which it could be improved.
Describe that experience to your classmates using research support from the text or another viable source (you may not use Wikipedia). Which function do you believe managers use most often. What could have made the leadership function a better exper..
In a machine shop, four jobs may be performed on any of four machines. The hours required for each job on each machine are presented in the following table.
Most U.S. and some European airlines now impose additional charges for everything but a seat on the flight. Specific seat selection, baggage, beverages, and nearly every amenity that was once included in the ticket price is now a source of “ancillary..
Do you think that some industries are more prone to certain types of organizational structure based on communication and workflow issues? If so, what would industries are traditional?
Discuss a time in your career when you felt like you were learning and growing and another time when you felt like you were not. In each case, discuss how your company’s employee development strategy might have contributed to your feelings.
Illustrate what would be the average length of the waiting line. Illustrate what would be the average time which a vehicle must wait to get through the system.
Why is it important to adopt a big picture approach to capacity planning?
Calculate the center line value and control limits for the X-bar chart. Can the above control limits be adopted for use in on-line statistical process control? Explain.
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