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1. A budget is a single-use financial plan that covers a specified length of time.
a. true
b. false
2. The next step in the human resource planning process, after taking a human resource inventory, is determining net human resource requirements.
3. The jury of executive opinion of forecasting predicts future sales levels primarily by asking appropriate salespeople to give their opinions on what will happen to sales in the future.
4. In considering selection of a site for a plant, one question an organization should ask is about the adequacy of housing and schools around potential sites.
A bakery buys sugar in 15-pound bags. The bakery uses 5000 bags of sugar each year. Carrying costs are $20 per bag per year. Ordering costs are estimated at $5 per order. Assume that the bakery is open 250 days a year and its daily demand is estimate..
A researcher wants to predict test scores based upon hours spent studying. Which type of regression would be more appropriate? a. multivariate regression b. ordinary least squares regression c. logistic regression d. weighted least squares regression
Discuss the challenges faced by managers when identifying the strategic initiatives the company must pursue to achieve its goals and prioritizing the goals.
Dealing effectively with diversity means:
Rothe Company manufactures and sells a single product that it sells for $200 per unit and has a contribution margin ratio of 25%. The company's fixed costs are $43,000. If Rothe desires a monthly target operating profit equal to 20% of sales, sales w..
Jay's Store operates a fleet of 10 trucks. The trucks arrive at random times throughout the day at the store’s truck dock to be loaded with new deliveries or to have incoming shipments from the regional warehouse unloaded. Using the Poisson arrivals ..
Richmond, Inc., operates a chain of 30 department stores. Two years ago, the board of directors of Richmond approved a large-scale remodeling of its stores to attract a more upscale clientele. Identify the parties whose interests were affected by the..
What should HR do about the older workers? younger workers don't have the experience, etc. as older workers who will benefit?
In general, at a bottleneck operation should the process batch size be large or small?(assume a setup between each batch, and that larger process batches can be formed by combining multiple jop orders for identical or similar items) should the transf..
How much should be invested at 12% nominal interest rate, compounded monthly, to provide equal yearly payments of $10,000 per year for 6 years, starting 12 years from now? The interest rate remains constant.
As employers strive to offer benefits and services to an increasingly diverse workforce, they sometimes encounter backlash from employees who resent their policies. Do you think employers should avoid offering a benefit if a substantial minority of i..
Think of two creative ideas for services to be provided by the grocery industry. Be very specific in terms of the rationale behind your approach, and the systematic procedures (e.g., questionnaire) you would use to introduce your services to the mark..
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