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1. Demand for an item averages 1500 units per year. It costs $100 to place an order for this item, and to hold one unit of this item in inventory for a year costs $10.02. If the Economic Order Quantity is used, what will total annual ordering and holding cost be?
2. Which method of crisis management would you use during a breakdown at the bargaining table over a critical item? Why?
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Outline the five (5) strategic approaches to conflict handling and discuss the circumstances in which each would be most appropriate. The five strategic approaches are problem solving, forcing, avoiding, yielding, compromising.
Banks engage in proprietary trading as part of their operations. Briefly speculate on why they now must adhere to much more stringent trading activity as a result of the 2008-09 financial crises.
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