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Bonda Motors runs a large service facility. In the facility, when needing parts to fix automobiles, mechanics have to fill out the parts request form and wait at the parts counter before being handed over the part requested. Mechanics arrive at the counter based on Poisson arrival process at a rate of 30 per hour. The service time at the parts counter is exponentially distributed with a mean of 10 per hour. The mechanic's average wage is $75 per hour and the average wage for a part's clerk is $30 per hour. Both the mechanics and the part counter clerks put in 8 hours of labor every day. Assume population source to be infinite, rationalized partly on rather high arrival rate of the mechanics.
How many parts counters would you recommend if the objective is to minimize the total cost while maintaining proper service?
Describe two unethical practices of some financial managers in preparing financial statements that could hurt their company. (b) Describe three potential causes of errors in preparing projected (i.e., pro forma) financial statements for a company for..
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In order to recover in a products liability case based on strict liability, the plaintiff must prove that the product had a defect:
The stylish hair salon has three stylists who provide services to women. after checking in with the receptionist, in which take a average of 1 minute, the customer hair washed, dried, styled taking an average of 25 minutes.
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Business stakeholders, including shareholders, employees, customers, and the general public, receive positive benefits from businesses that follow ethical principles and practices.
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One software developer took the recently announced "early retirement" package, and is leaving in one week. He is confident he will be able to finish his piece of the work before he leaves.
At his new job, Mike notices that everyone places high values on their families and each others' families, birthdays are always celebrated, and flexible schedules are permitted to facilitate family involvement as long as the work is still getting don..
Describe the differences between an offensive and defensive positioning strategy in full descriptive detail. Provide an application example.
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