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A hamburger factory produces 40,000 hamburgers each week. The equipment used costs $5,000 and will remain productive for 4 years. The labor cost per year is $9,500. a. What is the productivity measure of "units of output per dollar of input" averaged over the 3-year period? b. We have the option of $10,000 equipment, with an operating life of 5 years. It would reduce labor costs to $6,000 per year. Should we consider purchasing this equipment (using productivity arguments alone)?
Doc On Call (Q12 – Q14) A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country
At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benefit of selecting machine A is $45,000 with a probabil
Checkout time at a supermarket is monitored using a range and mean chart. Six samples which contain 20 observations per sample have been collected and the sample means and sample r
Productivity Challenge in Organisations Productivity is the ratio of outputs (goods and services) divided by the inputs (resources: labour, capital and services). It is one of
Discuss methods to diagnose employee stress and the specific OD (organizational development practitioner) interventions aimed at alleviating it in the workplace.
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To what extent should end users be involved in the design of a database? How have our ideas of agile development environments affected this traditionally non-user input environment
You just took a $20,000, eight-year loan. Payments at the end of each year are flat (equal in every year) at an interest rate of 8 percent. Calculate the appropriate loan table, sh
1. Describe, in general terms, the quality of staff needed to manage an ERP system? 2. According to Cisco Systems, on what simple truth is their entire Internet commerce initia
As a project manager was primarily to make sure that project is done on schedule and under budget. Although these functions are very important, BRIEFLY mentioned what other functio
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