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Part 1. Explain a contract management principle (and legal principle) associated uniquely with managing subcontractors, such as often happens in the case of outsourcing software development. [Hint: this is a test of your having read and remembered a principle introduced in Chapter 5.] Part 2. (Self-directed Question). Think of a question related to the content of Garrett's Chapter 6 and that in your judgment would have educational value for you to research and answer. In the first sentence of your exercise, state the question. (Hint: it should be a complete grammatical sentence ending in a question mark “?”) Then answer it conclusively in a maximum of a 500 word length essay (not counting any citations). In your essay describe the scope or character of your question's object. For example, let's suppose that your question concerns a net marketplace; then indicate whether your answer assumes a horizontal exhange, a vertical exchange, or either one. In this exercise your work will be evaluated not only on the usual criterion (i.e., the strength of your defense of the answer) but also on how well you selected the question. Good question selection includes the utility and challenge of answering. A question that is trivial or irrelevant to the content of chapter 6 would not rate highly on the index of goodness. Because the ease of answering is a matter of degrees, it is suggested that you choose a question that is somewhat challenging for you to answer but not so challenging that you would have difficulty to fit a thorough and conclusive answer into 500 words.
A mail order company finds 18% of the purchases of a particular item are returned. The company estimates each return costs $0.70 in transportation and extra handling. What is the expected extra cost due to returns per unit of this item?
Describe two different evaluation techniques that you would want to use to evaluate your ideas. Have you ever used them before? If so, what was the outcome?
Use the three step process described on p. 435 to decide if the following observations represent a process that is incontrol.
a machine shop has two machines a and b. four jobs need to be processed through machine a first and b second. job 1
What is the concept of comparative norm in determining the basic wage rate? Why there are limitations to this approach?
Which type of investor causes the most problem for CEOs in developing strategic plans?
What are the definitions of audit, group audit, group audit opinion, consolidated statements, consolidation policy, component auditor and significant component? What are the sources of risk in group financial statements?
Go to Tim's Coffee Shoppe and look in the back office. Inside the file drawer labeled "Business" is Tim's Coffee Shoppe Income Statement for the year for 2011.
Alternatives to recruiting new employees include all of the following except:
At this point in your life all of you have had the opportunity to have received and perhaps given performance appraisals. In that process if you are like me you have thought of how you would design a performance appraisal system if given the chance t..
The elixer drug company produces a drug from two ingredients. Each ingredient contains the same three antibiotics in different proportions. One gram of ingredient 1 contributes 3 units, and 1 gram of ingredient 2 contributes 1 unit of antibiotic; the..
Discuss the scientific method. What are its key components? How was this method developed, and is it something that can be realistically used in everyday life.
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