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1) A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500. What is the reduction in work-in-process value?
2) Is certification under the ISO standards necessary for competing in the modern market? What should companies consider when deciding whether to become certified?
3) Provide an example of ISO certification of an organization, and how it has been helpful or not helpful in competing with other organizations.
Determine three functional areas that you think should be given priority with regard to the amount of space needed for efficient operations and patient flow in the new office. Justify your response.
Read the Mini-case "Phionia's Finicky Feline Gourmet Cat Dinners" on page 459 of the textbook and prepare the budgets for the period January through June.
Do you think the lemons problem would be more severe for stocks traded on the Toronto Stock Exchange or those traded over the counter? Explain.
What are the 5 major conflict management styles. And what is an example of a potential workplace situation when each style would be most appropriate to use.
Scenario: You are researching a business development idea for your company. You have been preparing components of the project plan throughout this course. You will now pull together the four components completed in the previous weeks into a final ..
1. Explain the steps in the new product development process. 2. What are the factors affecting channel strategy? Briefly discuss how each factor might influence a company's channel choice.
Then find the world price, world supply quantity and world demand quantity (hint use the import demand equation MD=D-S)
Explain the concept of the critical path and float/slack time. Your answer should include why the critical path is so important to project management.
Important variables to consider when creating managerial structure (span of management, centralization, etc -.) Illustrate what purpose does structure serve.
Does E-procurement apply in every organization?
Here are two quick articles to explore. Read the two articles above and write three paragraphs involving three take-aways from the articles you read.
Why would you like to take up this project as a project manager? Which activities do you think will be essential for the successful management, integration, and execution of your project
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