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Question 1.
It is often said that profit maximization is the sole objective of business conduct. Do you agree with this view? Justify your answer using at least one example / case study from the Greek economic reality.
Question 2.
In your opinion, can the CEO of a company take decisions relying on the information he gets from the firm's production function? Justify your answer.
Describe your approach to tracking a project. What kinds of issues would you focus on if you were a project manager? Why?
XYZ coating company has reviewed four new processes for improving their coating line. The four processes, labeled A, B, C, and D use different technology and have different capacit
Explain why databases are critical to organizations.
Lean" thinking was first developed with manufacturing organisations in mind. Explain FIVE examples of ways in which these waste elimination principles may be applied to improve eff
Does an MRP system take seasonal items into account? If yes, how does this work?
In light of today's high standard of living, why do you think that employee theft is such a widespread problem in industry?
Identify changes in forecasting methodologies and approaches (for practices such as contracting, advanced payments, outsourcing to fix a price, continuous and fixed budgeting, simu
What is lost when no feedback is required? What can an employee do to change this situation when it is a specific company policy NOT to provide feedback? Name two possible re
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
Christian runs a small chocolate shop. He manages his chocolate raw material using a periodic review system. Daily demand has a mean of 100 pounds and standard deviation of 10 poun
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