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What are the advantages of predetermined time standards (PTS)?
Answer: Quicker and cheaper than time study; likely to be more reliable; valuable for estimating new jobs; can be introduced at the start of a new job; particularly suitable for short runs; rating is incorporated.
Think of an organization with which you are personally familiar (best), or of which you are aware through word of mouth or reading. Identify one underlying value, belief, or assump
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An industrial engineer has obtained the following data in connection with a time study on the lines of the Hawthorne studies taking four different elements and five
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Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?
Deliberate Sampling : Also known as purposive or non probability sampling this sampling methods involves purposive or deliberate selection of particular unit of the univ
When linking marketing requirements and manufacturing strategy, what design approaches for shop floor system should be considered? JIT and Lean MRP and PAC MRP and JIT
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What are the different levels of diversification firms can purpsue by using different corporate level strategies and what are the advantages to diversifying their operations?
Describe and contrast the rights of bond holders and preferred stockholders. Which has the best position in a default, which one would you buy all other things being equal?
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