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Describe why you think TCO (Total Cost of Ownership) is important to purchasing managers.
- Use an example to support your reasoning.
- What specifically are elements of TCO for the example.
- What are some challenges with using TCO.
What is meant by the term “employee empowerment?” What is the relationship between employee empowerment and teamwork?
Which System Development Methodologies is appropriate to be used for what type of Systems?
A manager must decide how many machines of certain type to buy. What is EMV (expected monetary value) for alternative buy one machine?
A large company contracts with Jon to do some technical writing for the company's website. Jon promises to finish the writing by a certain date. This exemplifies what type of contract?
Which of the following describes a critical path? Which of the following describes a pure project? Which of the following describes the benefit of a functional project?
The proposed Employee Free Choice Act (EFCA) would fundamentally change the 80 year old system through which employees choose to be represented by union.
Compare and contrast between a discrete versus continuous decision variable when used in an optimization under uncertainty.
Clearly organizations can do better in managing change. Using your knowledge of change management gained in this class, discuss the following points.
Prepare a 3-sigma control chart for both production processes, using the new and standard material .
Consider an experiment that requires measuring something at multiple temperatures.
Describe an event or an observation that you believe to fit into one of the types of fallacies that you have studied. This can be an example from advertising, current events, history, pop culture, or a personal experience that you believe demonstrate..
Make up three specific examples to support the following assertion: “Stores can be arranged to encourage impulse buying.”
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