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A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be supplied. Each good part sold will yield $30,000. However, if fewer than 4 good parts are produced, none will be purchased. The probability of an individual part being acceptable to the customer is .80. Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. Is the situation a profitable one for the job shop? If not, how must the selling price be changed for the expected profit to be positive?
Persuasion - Types of Managerial Tactic The manager assigns the development of ideas to experts, possibly external consultants or internal technical staff who in turn project
Why are aggregate and succession planning of critical importance? How might failures in these areas impact an organizations ability to compete? Be specific
1) Which purposes of performance management did the appraisals described in this case fulfil? Which purposes did they not fulfil? 2) How can managers and HR departments minimize th
A local nursery, Greens, uses 2184 bags of plant food annually. Greens works 52 weeks per year. It costs $8 to place an order for plant food. The annual holding cost rate is $2 per
Analyze the characteristics of a successful entrepreneur and determine if you have what it takes to start your own business. Provide specific examples to support your response.
Production Control Meaning and Definition Production control involves implementation of production plans or schedules by coordinating different activities. It seeks to
Suppose you were conducting a marketing analysis for a new textbook about technology management. What would you need to know to identify a market segment? How would you make a need
One of the most influential pieces of legislation was the Sarbanes-Oxley Act of 2002. This act greatly increased the transparency of financial disclosure in light of accounting sca
Managers, think back to a time when a manager announced a change that you, the employee, did not want to adopt. What was the reason(s) for your resistance to change? Was the manage
Existing salary for managers is 45,000 euros (58,567 US DOLLARS) PLUS BONUSES. AVERAGE SALARY FOR MANAGERS IN RANGE IS 60,000 EUROS (78,090), NO BONUSES. Recommendations must inclu
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