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The opera company was hired to perform in the outside pavilion of the Wolf Trap Foundation. The company performed the three performances without problem. Then, right before the last performance, a severe thunderstorm moved into the area and created an electrical storm. The storm cut the power on the pavilion where the performance was to have taken place. The Wolf Trap Foundation never paid the opera company for the last performance. Thus, the company took the foundation to court, demanding payment because the performers were ready and willing to perform at the event for which the company was scheduled. The foundation argued that it was dismissed from the contract due to impossibility to perform. The first court found in favor of the opera company, and the foundation appealed. How do you think the appellate court decided? [The Opera Company of Boston, Inc., v. the Wolf Trap Foundation for the Performing Arts, 817 F.2d 1094 (1987).]
There is an emphatic need for all business people to have a basic knowledge of:
Describe four characteristics of effective metrics. Provide an example of a leading metric and an example of a lagging metric that meet these criteria.
You will further research the Citi bank you chose as the subject of your project. Write the next section of your risk management plan in which you discuss the key people, financial, and operation risks associated with your bank. What are specific ..
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Discuss one component in the selection process. Describe some of the aligning criteria summarizing any pros and cons with using them.
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A new machine increased production from 550 to 577 units per shift. What is the percentage change in productivity?
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Should managers have the right to monitor the e-mail and instant messages of employees? Why or why not? What if employees are warned that e-mail could be monitored? If a company establishes an e-mail policy, should only in-house transmissions be moni..
Identify three TQM tools that may be used for ongoing process improvement. Be sure to describe who will use the tool, when it will be used, and what interval and how it will lead to process improvement.
Suppose retailer demand each period was Normally distributed with average of 8 and standard deviation of 2. Backorders cost $2 per unit per period and excess inventory costs $1 per unit per period. The leadtime demand was 4 periods, which means that ..
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