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Brett worked as a machinist supervisor. Work done in the shop allowed only 0.0001 of an inch tolerance in machine drive shafts for aircraft engines. He bought a micrometer telling the company the specifications needed in this work. A defect in the measuring instrument resulted in the loss of $200,000 in time and materials in the precision work supervised by Brett. Could Brett’s company recover its loss through an action against the seller? Why or why not?
Are current state and federal laws on gambling optimal? Should the nation move in the direction of stricter prohibition? Or should it move to more permissive laws, including those to legalize online gambling?
David Austin recently purchased a chain of dry cleaners in northern Wisconsin. Although the business is making a modest pro?t now, David suspects that if he invests in a new press, he could recognize a substantial increase in pro?ts. How many shirts ..
Tall-Brother company has three building projects in progress in this year. Each project needs a supply of bricks. There are three sources of bricks: red brick, black brick and grey brick available in the market, but shipping costs differ from locatio..
The point-of-purchase advertising institute (POPAI) conducted a major study of supermarket shopping in four European countries. Almost 3,000 consumers age 16 or older were interviewed while shopping at a major supermarket. Respondents were first scre..
Bruno Fruscalzo decided to start a small production facility in Sydney to sell gelato to the local restaurants. His local milk supplier charges $0.50 per kg of milk plus a $20 delivery fee (the $20 fee is independent of the amount ordred). Bruno's..
A cafeteria has one cashier. Customers carrying their food wait in a queue to pay the cashier. Arrivals of customers to the queue form a Poisson process with a rate of 56 customers per hour, and service times at the cashier are independent and expone..
Identify four potential unethical actions or inactions related to capacity planning, and the ethical principle each violates.
What additional annual cost is the shop incurring by staying with this order size? Other than cost savings, what benefit would using the optimal order quantity yield?
Stickley Furniture Company is a manufacturer of fine hand- crafted furniture. During the next production cycle, management is considering producing dining room tables, dining room chairs, and bookcases. The requirements for each item are shown below,..
Which is the international standard for quality management for automotive industry suppliers of production parts, materials, and services?
The Krewe of Orpheus maintains a supply of swizzle sticks for events throughout the year. Demand for swizzle sticks is shockingly low, a quick check of krewe records from last year reveals that they used only 585,000, but the krewe president believes..
Why is effective communication a critical skill for any businessperson? Why is Problem Solving a critical skill for any businessperson? Why is Creating New Opportunities a critical skill for any businessperson? Why is Leading a critical skill for any..
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