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A manager just received a new price list from a supplier. It will now cost $1.00 a box for order quantities of 801 or more boxes, $1.10 a box for 200 to 800 boxes, and $1.20 a box for smaller quantities. Ordering cost is $80 per order and carrying costs are $10 per box a year. The firm uses 3,600 boxes a year. The manager has suggested a “round number” order size of 800 boxes. The manager’s rationale is that with a U-shaped cost curve that is fairly flat at its minimum, the difference in total annual cost between 800 and 801 units would be small anyway. What order size would you recommend? (Round intermediate calculations to 2 decimal places and final answer to the nearest whole number.)
Define also describe a contemporary bargain unit as defined by the National Labour Relations Act. Explain how, if at all, does it differ from a bargaining unit in 1935.
If you were a consultant to a financial institution, what might you do to verify that FinQloud complies with the Securities and Exchange Commission (SEC) ruling and its 2003 interpretation?
John is the sole proprietor of a business that designs web pages. He leases an office and buys computer equipment. He has an idea or a new software product, however, on which he works whenever he has time and which he hopes will be more profitable th..
Describe in detail, and as concisely as possible, an example of LEADERSHIP and MANAGEMENT in regards to leading change, training, mentoring and employee relations.
it costs approximately 1 to execute a transaction at a bank such as shifting money from one account to another. how
Define human resource development (HRD). Define training and development and express its general purpose. Illustrate what are important aspects of training manager's job.
Explain the differences between a blue ocean strategy and a red ocean strategy. Why would a management team choose a blue ocean strategy over a red ocean strategy? When developing products, what does the term relative advantage mean? Explain why mana..
Use a combination of overtime inventory, and subcontracting to handle variations in demand. Use overtime up to 750 cases per period and inventory to handle variations indemand.
The following regression equation was computed from a sample of 20 observations: Y = 15 – 5X SSE was found to be 100 and SS total was 400. Determine the standard error of estimate; (b) Determine the coefficient of determination; and (c) Determine the..
How did corporate culture, leadership, power, and motivation affect Thomas' level of managerial hubris? Relate managerial hubris to ethical decision making and the overall impact on the business environment. Explain the pressures associated with ethi..
Imagine that you have come across a magazine article reporting the following relationship between annual expediture on prepared dinner (PD) and annual income (INC): Does this relationship seem plausible? Is it possible to have a coefficient that is s..
Develop a mathematical formulation of the optimization problem that determines the coordinates (x,y) of the centralized facility so that the total number of miles traveled to the five towns is minimized, and solve the nonlinear optimization proble..
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