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1. Name and explain two [2] areas that would be included as part of the body of a business plan. Explain why each is important.
2. Write short notes on the following: (a) Developing a succession strategy [1 Mark] (b) Bankruptcy [1 Mark] (c) Information Sources for analyzing the business environment [1 Mark] (d) Contents of an Administration and Support Services Plan.
3. What’s the biggest mistake you can make when preparing a business plan?
Traditionally, human resource management practices were developed and administered by the company’s HR department. Line managers are now playing a major role in developing and implementing HRM practices. Why do you think this change has occurred? Is ..
What is a Data warehouse? Provide example. What is metadata? Provide example. Describe the relationship between the concept of decision support systems and data warehouses.
Why might an organization benefit from giving employee development opportunities to a dysfunctional manager, rather than simply dismissing the manager? Do these reasons apply to non management employees as well?
The Charm City Manufacturing Company manufactures a product in an assembly line operation. One of the machines on the line is a drill press that has a single assembly line feeding into it. Determine the mean arrival rate and the mean service rate. De..
Non-Slip Tile Company (NST) has been using production runs of 100,000 tiles, 10 times per year to meet the demand of 1,000,000 tiles annually. The set-up cost is $5,000 per run and holding cost is estimated at 10% of the manufacturing cost of $1 per ..
Modern Information Systems, for creating, organizing and maintaining organizations information resources, sometimes also referred to BUSINESS INFORMATION SYSTEM
Which of the following occurs when a government increases the money supply? Which of the following is a way in which an enterprise with some market power might limit arbitrage so that their price discrimination policy works?
Explain the differences between discrete-event simulation and Monte Carlo simulation. Provide an example of at least one situation from a health care arena when discrete-event simulation would be preferred and one when Monte Carlo simulation would be..
Discuss how the news you read or hear may affect your assumptions about the world. Is it possible to find balanced news sources?
What is the Economic Order Quantity? What is the total (combined) annual order and inventory-holding costs for the EOQ?
To minimize cost, how many units should be ordered each time an order is placed? - How many orders per year are needed with the optimal policy?
As the marketplace dynamics make competition even more heated, how can a small business utilize innovation to gain a competitive advantage? Don't focus just on technological innovation but practices, approaches and strategies as well.
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