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Ques: How can we make comparisons between the cost of a product in two different periods if salaries and cost of living may have changed?
Ans: The average income is published in government statistics. The figure can be divided by the average number of hours worked. This gives an income rate per hour. Divide the cost of an item by this rate and it gives the number of minutes an average worker had to work in order to purchase the item. If you compare these figures over time you will see that the number on minutes needed to purchase a television set in the year 2000 is significantly less than any previous period.
A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Birmingham, AL. Prepare an economic analysis of the th
Describe functional aggregation and discuss how this is relevant to logistics
Explain Theory 'X'. These theory is place forward by Douglas McGregor. It is based upon the management thinking containing certain assumptions about human nature and human beha
Question: (a) Services are usually produced and consumed simultaneously, and in many cases the customer has to enter the service facilities and be within the servicescape befo
Competence - Customer Satisfaction and Service Quality Means possession of the required skills and knowledge to perform the service. It involves: knowledge and skill of the c
Analytic and synthetic methods of manufacturing operations may be on the final exam. What is the difference between them? Please include an example
1. What are the arguments for and against the application of the methods of scientific management? Answer: The main argument against scientific management is that in de-skilling
Q. What is need of computer aided manufacturing to manufacturing operations? Computer aided manufacturing (CAM) automates production for illustration programmable and robotic p
What is the impact of losses in the process in Inspection and Final Test?
The first process is expected to incur $280,000 of fixed cost and add $60 of variable cost for each unit produced. The second process has fixed costs of $200, 00 and adds $70 per e
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