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Rocky Mountain Tire Center sells 6,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 30% of the purchace price of the tires per year. The purchease price is $18 per tire if fewer than 200 tires are ordered, $16 per tire is 200 or more - but fewer than 5000 - tires are orderd and $13 per tire if 5,000 or more tires are ordered.
a. How many tires should Rocky Mountains tire order each time it time it places an order?
b. What is the total cost of this policy?
Management wants each employee to learn several jobs so that the production group can be more flexible. Describe one type of reward system that would best motivate employees to learn several jobs and identify a potential disadvantage of this rewar..
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Loan Processing times are being monitored at a local company. Samples of ten observations each have been taken, and the results are listed.
What kinds of management information systems will be useful in conducting these activities?
Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.
Describe an area of improvement for your company or industry of choice. Find two benchmarks for your improvement area.
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