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Q1. A carpet cleaning company considering opening a new facility with estimated fixed costs at 71000$. The average labor, solvent, and machine cost per rug are 100$, 7.5$, and 15.3$, respectively. The expected average price is 400$ per rug. Determine the minimum dollar volume and the minimum number of service needed at this facility to break even.
Q2. What are the main characteristics of JIT? Explain it.
Q3. To increase its production, a company considers three plans: large plant, medium plant, and small plant. Using the following information, compute the expected monetary value (EMV) and determine the best alternative. Large plant profit= $100,000 Large plant loss= $20,000. Medium plant profit= $70,000 Medium plant loss= $20,000 Small plant profit= $50,000 Small plant loss= $10,000 probability of profit=0.5 probability of loss=0.5
Political and cultural issues can limit the ability of companies to do business in other countries.
An organizational structure prevents confusion. Organizational structure is needed for transparency.
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An example of a cognitive method of training is asking trainees to.
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"soft skills" necessary on the job. Make a bulleted list of the soft skills you think you have that will help you on the job. What do each of these skills mean? How do you think this skill will be helpful when you work?
How can managers encourage and promote entrepreneurship to create a learning organization?
The decision models to be used is Decision Tree in Excel. The Bill Galen Development Company (BGD) is considering the purchase and commercial development of a piece of property. The property is now zoned residential; BGD needs a variance from the cit..
Hy-Vee uses a (Q, R) inventory system to control its stock levels. For a 12-ounce bag of Barilla three-cheese tortellini, historical data show that the distribution of monthly demand is approximately normal, with a mean of 28 and a standard deviation..
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What are vision and mission statements? What is their value for the strategic management process?
Strinati discusses the relationship between popular culture and mass culture/society. Post an explanation of what he means by each concept and what he believes is the relationship between them. Do you agree? Why or why not? In your post, explain what..
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