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1. Why do you look beyond the lowest price when choosing a supplier? What other factors need to be considered and why?
2. What are the primary goals of purchasing? How can purchasing achieve these goals?
3. Given the following information: Costs Make Option Buy Option Fixed Cost $125,000 $5,000 Variable Cost $15 $17 a) What is the break-even quantity? b) If the requirement is 150,000 units, is it more cost-effective for the firm to buy or make the components? c) What is the cost savings for choosing the cheaper option?
How does multitasking confuse the resource availability of project team personnel? In modern organizations, it is impossible to eliminate multitasking for the average employee. Why? How would resource loading or resource leveling help address multita..
A produce distributor uses 710 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once..
What are the factors that determine when consolidation of financial statements is necessary?
Why or Why not? Also, is efficiency and effectiveness more important to organizational performance? Can managers improve both simultaneously?
Calculate the price elasticity of demand between $9 and $10. Is demand in this range elastic or inelastic?
What are two areas in which the project manager needs believability?
Leaders must often motivate team members to perform at their optimal levels and remain engaged. Motivation can be broken down into two types of motivators-internal and external or intrinsic and extrinsic.
Alternative One reduces wasted motion (walking) to 1% of total labor used on the assembly line. Physical lifting is reduced to no more then 12 pounds. Six people will be required on the assembly line. Productivity in finished goods per 8-hour shif..
Development of an update of a particular software product is being considered by a software house. The activities necessary for the completion of this project are listed in the following table:
While on her way to Florida for a vacation, Kathy is involved in an automobile accident in the state of Georgia. Kathy is a resident of New York and Paul, the other driver, lives in North Carolina. Kathy intends to sue to recover her losses. The dama..
Assume for a moment that you are the HR Manager for a medium size company. How would you try to get individual managers to be more aware of the legal requirements of staffing systems and to take steps to ensure that they themselves engage in legal..
What changes should be made to copyright law to reflect the ease with which much creative material can be reproduced and distributed over the Internet? What concerns are there with any such law?
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