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Question: You are investigating the use of automated robots to replace some of the tasks performed by waiters and waitresses in your neighborhood restaurant. The robots are capable of clearing tables and delivering food to customers. Customer interactions to order food would continue to be done by humans. You estimate that you could reduce your staff from 15 workers making $15/hour to around 7 workers. In addition, you are sure that use of the robots would attract additional customers perhaps increasing sales by $100,000/year. The robots cost $75,000 each and you figure you will need two or three depending on how fast business increases. Perform an analysis to determine if hiring robots and letting humans go makes good economic sense.
Economists assume that people just want to make as much money as possible." Is this statement correct or incorrect? Of the nonwage working conditions listed.
Describe and discuss the relationship between management and organisational behaviour. How does an understanding of organisational behaviour help managers?
Background As a consultant to an international organisation, you are required to review the organisation's operations strategy and provide a detailed report on your findings.
Suppose management has left you out of the requirements definition process for the development of the system in question 2-2.
In Problem the axis corresponding to the feed rate uses a dc servomotor as the drive unit and an optical encoder as the feedback sensing device.
You invest $500 in a stock for which the return is determined by a coin flip. If the coin comes up head the stock returns 10%, and if it comes up tails.
An automotive warehouse stocks a variety of parts that are sold at neighborhood stores. One particular part, a popular brand of oil filter.
Marldand Manufacturing intends to increase capacity by overcoming a bottleneck operation
1. list the three steps that make up the general approach to capital budgeting.2. define an incremental cash flow as
Explain the major cost-plus approaches to price setting. Cost-plus pricing uses a base-cost figure per unit and adds a markup to cover unassigned costs.
What type of information is contained in an annual report? How does the information help to identify financial trends?
The issues of politics and administration dichotomy first raised by Woodrow Wilson continue to generate debate among scholars of public administration in modern time. While some think Wilson's idea was useful, others reject the idea as impossible. In..
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