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Predetermined Time Standards (PTS) - Process Design This is a work measurement technique whereby times established for basic human motions (classified according to the nature
E-Business, Knowledge Management and Globalisation of Services Development of supply chains not only in manufacturing but service companies; centralised decision making; exten
A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variable costs as follows: Site Fixed Cost (Annual) Variabl
Describe the objectives of trade unions. The Objectives of trade unions are: (i) To take labour out of the competitive procedure because when a number of workers freely comp
Dispute resolution using conflict resolution styles
What is a franchise organization? Is Victorias Secret A franchise, if so what kind? If not should it be?? 3 types of franchises: 1. manufacturer-sponsored retailer franchise system
A manager states that his process is really working well. Out of 1,500 parts, 1,477 were produced free of a particular defect and passed inspection. Based upon Six-Sigma theory, ho
Information asymmetry exists when - The network is overloaded - Sellers and buyers have the same information - One party in a transaction had more important information th
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A production process is known to produce a particular item in such a way that 5% of these are defective. If two items are randomly selected as they come off the production line, wh
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