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A firm wishes to determine the efficiency and utilization of a work center coposed of 3 machines each working 16 hours per day for 5 days a week. A study undertaken by the materials management department found that over the past year the work center was available for work 12,000 hours, work was actually being done for 10,000 hours, and work was performed 11,480 standard hours. Calculate the utilization, efficiency, and demonstrated weekly capacity. Assume a 50-week year.
1. What do each of the letters in the SMART acronym stand for? 2. In your own words, describe what each piece of the SMART acronym means? 3. Why is the SMART acronym an impor
Hatten (2009) discusses the of credit. What are they and how do lenders use them? As you consider the possibility of being an entrepreneur, which of the 5 Cs is most important for
In comparing two populations using paired differences, after the difference is found for each pair, the method for testing whether the mean difference is equal to 0 becomes the sam
Analyze the 12 financial ratios and determine which is the most useful to the greatest number of small businesses. Explain your rationale
1. (a) For the measurement data presented below, draw a frequency histogram using a class width of 0.1 mm; calculate the sample means and superimpose their frequency histogram; com
Frameworks for Developing Performance Measures There are a number of approaches which will be described here in broad terms: The Kaplan and Norton balanced scorecard
Benefits and Variable Pay Please respond to the following- • Analyze the types of benefits usually available in the health care industry and determine which benefits are most im
Explain work study. Definition of Work Study: it, as defined by British Standard Institution, is a generic form for those techniques mainly 'Method Study' and 'Work Measureme
Which of the following is not a criterion used in forming segments? Potential for increased profit Similarity of needs of potential buyers within a segment Competitive pos
After reading the Concluding Case entitled "Barbara's World of Windows, Fabrics, and Accessories", what are the major problem issues facing Sandy, and what specific recommendations
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