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Jack Jones is looking at buying a new cell phone plan and found one called "You Decide Your Minutes" Under this plan he would choose a quantity of minutes, say x, per month that she would buy at 5 cents per minute. Hence, his upfront cost would be $0.05x. If his usage is less than this quantity x in a given month, he loses the minutes. If his usage in a month exceeds this quantity x, he would have to pay 40 cents for each extra minute (that is, each minute used beyond x). For example, if he contracts for x=120 minutes per month and his actual usage is 40 minutes, his total bill is $120 x 0.05 = $6.00. However, if actual usage is 130 minutes his total bill would be $120 x 0.05 + (130 -120) x 0.40 = $10.00. Jack estimates that his monthly needs are best approximated by the Normal distribution with a mean of 250 minutes and a standard deviation of 24 minutes. How many minutes should he contract for?
Explain the company's decision environment, risk management, and how the organization resolves conflict through the strategic negotiation process.
How can you systematically detect bias in your own decisions and biases in others? What is the five-step process that will assist you with adjusting the decisions of others? Describe. Which step in this process would be most beneficial in your curren..
Jeff Charleston is a retired executive of Clarson, Inc. He retired in 2013. He has been asked to join the board and serve on the audit committee. Clarkson is a publicly traded 1934 Act reporting company. Can he serve on the board? On the audit commit..
Define strategic management include in your discussion a description of the relationship between strategy formulation and implementation.
Validity is measuring what is supposed to be measured. Are your method and design sound? There are several ways to do this in one's personal and professional lives. Evaluate the question on the basis of internal and external validity factors.
Evaluate each company's approach to ethics and social responsibility and the impact those approaches have had on each company's profitability.
Your firm is considering opening a new factory via direct investment in Latin America and management is evaluating the specific country locations for this project. The pool of candidate countries has been narrowed to Honduras, Chile, and Mexico. Find..
Discuss how that personality trait is linked to stress. What is the relationship? Is one likely to be more stressed or less stressed if they have this trait
What would the cost to place an order need to be if Davis implemented a just-in-time approach so ordering 1 unit at a time is the optimal ordering quantity? Use the original variables for part number 64-1909.
generate a sports marketing mix for your organization to address the promotion mix of advertising, public relation, sales promotion and pricing
What are the most prominent situations affecting leadership since the Industrial Age to the Information Age? What are two of the contingency theories of leadership?
If you are allowed to keep either item G or item I in stock (along with items J and K from part b), which one would you choose and why?
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