Consider this situation: A police officer arrives at the scene of an accident and finds a load of straw bales partly on the back of a pickup truck and partly on the hood of a Jaguar sedan. Both vehicles are facing in the same direction. The pickup is in front of the Jaguar. The truck driver claims that she was stopped at the stop sign when the Jag drove into the back of her truck. The Jaguar driver claims that he was stopped behind the pickup when the truck suddenly backed up. Given this information decide whether each statement is true or false.
True False These results are impossible. The bales would
have fallen forward in this type of accident.
True False The pickup could have backed into the
Jaguar.
True False If the vehicles were both moving (truck in
reverse and car forward), the pickup must have been moving
faster.
True False There is not enough information to determine
who is at fault.
True False The Jaguar must have driven into the
pickup.
True False Regardless of fault, the apparent motion of
the bales results from them seeking the natural state of rest.
These are my incorrect attempts:
1 | Incorrect. (Try 1) | Fri Apr 3 09:07:53 pm 2020 (PDT) |
|
||||||
2 | Incorrect. (Try 2) | Fri Apr 3 09:21:00 pm 2020 (PDT) |
|
||||||
3 | Incorrect. (Try 3) | Fri Apr 3 09:29:09 pm 2020 (PDT) |
|
||||||
4 | Incorrect. (Try 4) | Sat Apr 4 08:49:33 pm 2020 (PDT) |
|
In: Operations Management
In: Operations Management
George Flynt and Stan Hefner were the only two members of Sunshine Landscaping, LLC, a limited liability company organized for the purpose of providing lawn care and landscaping services. Stan regularly took care of all the finances for the company, and George regularly performed the work for clients, though neither had specific duties. George met with clients, quoted them fees, obtained all the tools and products necessary to perform the job, and completed the service for the client. Stan paid the bills and invoiced clients, but sometimes when Stan was on vacation, George would take over the finances while he was away. However, when George was on vacation, the business would be closed for the week because Stan did not want to perform the service work himself. Sunshine Landscaping had regular accounts with all the local plant nurseries. Normally, George would place an order for plants, Sunshine Landscaping would be invoiced by the nursery, and then Stan would pay the invoice. One day Mary, a customer of Sunshine Landscaping, asked the company to remove from her property a large tree which was touching some power lines. George surveyed the property and could see that, indeed, the tree was dangerously close to the power lines and, because the houses were so close together, there was no place for the tree to fall if he cut it down. He knew the job would be too big for Sunshine Landscaping and would require special skill which neither he nor Stan had. He considered advising Mary to contact a tree removal company, but then decided to accept the job, hire a tree removal company as a subcontractor, and then upcharge Mary 10 percent for acting as the general contractor. He emailed Tree Down, a company specializing in tree removal, via the company’s contact form online. George provided his cell phone number, his business email address, and stated “I need to get a quote to have a tree removed at 203 Main Street. Please provide me with an estimated cost.” That afternoon, Tree Down sent George the following estimate: Eager to get the project underway, George signed the estimate “George Flynt” above the customer signature line and immediately emailed it back to the company. George called Mary to tell her the cost would be $4,400, and Mary immediately put a check in the mail to Sunshine Landscaping for the full amount. Several days later, Tree Down cut down the tree, hauled it away, and invoiced George Flynt at the email address he provided on the contact form. George printed the email and invoice and then handed it to Stan. Stan put the invoice on a pile of other bills without looking at it. Several weeks later, Stan proposes to George, “We have so many bills for the business, and we aren’t making enough to pay them and pay ourselves a decent amount. Let’s just file for bankruptcy for this business. We can get out of paying all these bills and then start a new landscaping company.” George disagreed with Stan’s proposal and disliked how Stan handled business matters generally, so George decided to withdraw as a member of the LLC. There was no operating agreement in place for the management of the LLC, so George and Stan decided to write a separation agreement as follows: A month goes by and having not yet been paid, Tree Down initiated an action against George Flynt, personally, for $4,000. Upset, George starts researching the law and discovers the following state statute: “§301 Each member of a Limited Liability Company is an agent of the company for the purpose of its business and the member’s acts for apparently carrying on in the ordinary course of the company’s business binds the company, unless the member lacked the authority to act and the third party knew or should have known that the member lacked authority.” Group Work/Role Play:
1. Gather into small groups and pretend you are the owners of Tree Down. Come up with the best legal argument for holding George and Sunshine Landscaping, LLC, each individually liable for the $4,000. What facts support your legal argument?
In: Operations Management
Public Relations
In: Operations Management
What is supranationalism? Why did some European governments agree to form supranational communities during the initial post-World WarII? Discuss four countries. How has supranationalism differentiated these communities from non-supranational communities?
In: Operations Management
Kathleen Taylor has been working for a government contractor, Summit Solutions, in Washington, DC, for over a year. She is now eligible to participate in the company’s 401(k) retirement plan. The company has provided Kathleen with the information in the table on the following page about the various funds that are available for her to invest in. International funds invest in global/overseas companies; small-cap funds invest in companies that have a market capitalization (i.e., the number of outstanding shares multiplied by the stock price per share), in general, between $300 million and $2 billion; mid-cap funds invest in companies with a market capitalization between $2 and $10 billion; and large-cap funds invest in companies over $10 billion. The Evening Star rating is developed by an independent investment analysis firm, and it rates funds based on their risk-adjusted performance over various time periods. "5" is best, "1" is worst; stocks trading close to their analysts' fair value estimates receive a "3", while stocks trading at large discounts compared to their analysts' fair value estimate receive a "4" or "5" rating. The expense ratio is the total percentage of fund assets used for operating expenses (i.e., administrative, management, advertising, etc.). Since Kathleen is young and expects to build her 401(k) plan over a long period of time, she wants to employ a relatively aggressive investment strategy. She has read investment literature that suggests a relatively aggressive plan would invest 5% to 35% in international funds, 5% to 25% in small-cap funds, 5% to 35% in mid-cap funds, 20% to 50% in large-cap funds, and 5% to 10% in bond funds. Kathleen plans to contribute $900 of her salary each month to her plan, which the company will match. She has also developed a few of her own investment guidelines: to diversify, she wants to invest in five funds, one in each investment category; she wants to achieve an average Evening Star rating of at least 3.7; she wants to invest in funds that average at least $10,000 million in size; she wants to achieve an average expense ratio for her five funds of no more than 1.10; and she wants to maximize the average 5-year return of the five funds she selects, weighted by the amount she invests in each. Develop an investment plan for Kathleen using linear programming. What would be the decision variable and constraints for this problem?
In: Operations Management
In comparison to several nations around the world, the Canadian financial services industry is one that is typically strong, secure and stable. Imagine that an acquaintance of yours has asked you to explain why this fact about the Canadian financial services industry holds true. Your task is to explain the key business entities in the Canadian financial system, the role of the Bank of Canada in this system and the major changes that have occurred in banking over the past 20 years.
In: Operations Management
Part A: Explain how Net Present Value (NPV) is used in evaluating capital budgeting proposals.
Part B: Imagine that you are given a $12,000 entrance scholarship to study at Brock University. Fortunately, over the years your parents have managed to save for your education through the purchase of an RESP. Therefore, you are able to invest the $12,000 for the next four years at an interest rate of 5%. How much money will you have after four years of investing the $12,000? In other words, what is the future value of $12, 000 invested over four years at a 5% interest rate? Be sure to show your calculations. In your response, be sure to incorporate properly the terms: Time Value of Money and Compounding. Lastly, using the Rule of 72, how many years will it take to double the initial investment?
Part C: Now that the IOC has made the decision to postpone the Tokyo Summer 2020 Olympics until next year, one of the sponsoring organizations finds itself with Olympic merchandise that needs to be liquidated. When you heard about this opportunity you became quite excited because you are an avid collector of Olympic merchandise. In fact, when you graduate from Brock University, you plan on opening an Olympic memorabilia shop. The offer from this Olympic sponsor is such that you have the option to purchase the merchandise entirely upfront for $10,500 or to pay $2,750 per year for the next four years (with payments at the beginning of the year). Assuming a discount rate of 7%, is it advisable to pay the cost of the merchandise entirely upfront? Explain. Be sure to show your calculations.
In: Operations Management
You have three plants that produce a certain type of boats. The capacity for next month is 38 in San Diego, 45 in Santa
Ana, and 58 in San Jose. Production cost per boat is $1,065 in San Diego, $1,005 in Santa Ana, and $975 in San Jose.
Demand for next month is 42 in Newport Beach, 33 in Long Beach, 14 in Ventura, 10 in San Luis Obispo, and 22 in San
Francisco. The shipping costs per boat are summarized in the following table:
Shipping | Cost | to: | |||
From | NB | LB | VEN | SLO | SF |
SD | $200 | $220 | $280 | $350 | $400 |
SA | $125 | $125 | $280 | $350 | $400 |
SJ | $390 | $365 | $300 | $250 | $100 |
Develop a production and shipping schedule that minimizes the total cost of production and shipping while satisfying all
the demand.
In: Operations Management
QUESTION 20
An international _____ is a set of countries that agree to markedly reduce or eliminate trade barriers among member nations.
a. |
customs union |
|
b. |
trade bloc |
|
c. |
commonwealth |
|
d. |
economic community |
|
e. |
free trade area |
QUESTION 21
Which of the following statements is true about a tactical plan?
a. |
It is an organized sequence of steps designed to execute strategic plans. |
|
b. |
It is exclusively developed by the board of directors. |
|
c. |
It is developed independently of the external business environment. |
|
d. |
It is more broad and nonspecific when compared to a strategic plan. |
|
e. |
It does not specify time frames and resources. |
QUESTION 22
Which of the following statements is true about a franchise agreement?
a. |
The franchisee and not the franchiser takes the responsibility of marketing and advertising activities. |
|
b. |
The franchisee can consult the franchiser for managerial and financial help. |
|
c. |
The franchisee is free to modify the franchisor's products. |
|
d. |
The franchisee can keep all the profits made by the venture. |
|
e. |
The franchisee does not have to pay a start-up cost for the venture. |
QUESTION 23
The _____ perspective places emphasis on individual attitudes.
a. |
systems |
|
b. |
quantitative management |
|
c. |
behavioral management |
|
d. |
classical management |
|
e. |
contingency |
QUESTION 24
Two or more companies that work together in joint ventures or other partnerships are called what?
a. |
Strategic partners |
|
b. |
Competitors |
|
c. |
Regulators |
|
d. |
Suppliers |
|
e. |
Customers |
QUESTION 25
Which of the following statements is true about the process of decision making?
a. |
In a business scenario, the decision-making process is always aimed at finding a way to increase profits. |
|
b. |
The first step in the process is to identify alternatives to a problem. |
|
c. |
It ends when the decision situation has been defined. |
|
d. |
It includes putting the chosen alternative to practice. |
|
e. |
The process is said to be complete when a set of alternatives to a problem has been created. |
QUESTION 26
A(n) _____ is a form of group decision making in which a group arrives at a consensus of expert opinion.
a. |
Delphi group |
|
b. |
inactive group |
|
c. |
interacting group |
|
d. |
unstructured group |
|
e. |
unconventional group |
QUESTION 27
In general, while identifying alternatives, the more important the decision,
a. |
the less the chances of managers using expert opinion to make the decision. |
|
b. |
the more the tendency of managers to ignore intuitions. |
|
c. |
the less the chances of managers making the right decision. |
|
d. |
the less the time needed to make the decision. |
|
e. |
the more alternatives should be generated. |
In: Operations Management
what are the basic steps in conducting a wage and salary survey
In: Operations Management
Wanda of Salty Pawz just doesn’t understand her friend Jamie sometimes. They have been working together since the first dog biscuit came out of the oven, but now that the business is expanding, she can’t seem to get Jamie motivated to compete the tasks she delegates to her. She pays Jamie a salary now, so it’s not like the old days when she was working in exchange for dog treats. She has even given Jamie more responsibility; Jamie now supervises two other employees, a challenge Wanda assumed that Jamie wanted.
One afternoon she stops Jamie in the hallway and asks her if everything is going OK. Jamie responds that things are fine. Later that same week Wanda and Jamie are meeting about an upcoming promotion they are holding at the local animal shelter. Jamie takes a few notes but doesn’t share Wanda’s enthusiasm for the event. Wanda comes right out and asks Jamie if she has lost interest in the business. Jamie shrugs and says no, she is good with everything.
Why do you think Jamie might have lost her motivation and enthusiasm for the business at this point? How could Wanda motivate Jamie more effectively? Make sure the reasons you present are supported by sound motivational theory as established by leaders in the field.
This assignment should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this work should be in the range of 200–300 words.
In: Operations Management
Your employer wants its employees to be more healthy, and has decided to implement a Get Fit program. The company will pay the cost of each employee to get a doctor's clearance for their participation in the program. Participation will require each employee to fill out a complete health history, including family history of any major illnesses that might put the employee at risk. The company then will have a certified nurse review the histories with company HR staff, and the HR staff will then meet with each employee to develop a Get Fit plan, including diet and exercise. Employees who refuse to participate, or who do not meet their Get Fit goals, will pay an extra 25% of their health insurance premium costs.
Is the employer's plan legal? What federal law might prohibit such a program? (Hint: You might benefit from looking at wellness plans offered by employers).
In: Operations Management
Complete a pest analysis and 5 forces model on amazon
In: Operations Management
QUESTION 37
Which of the following is an important question that is answered in a business plan?
a. |
What are the trade restraint strategies used by businesses in the external environment? |
|
b. |
What are the entrepreneur's goals and objectives? |
|
c. |
How will the entrepreneur divest strategic business units? |
|
d. |
What are the marketing strategies used by the entrepreneur's competitors? |
|
e. |
What are the overhead costs of the entrepreneur's venture? |
QUESTION 38
Scientific management focuses on
a. |
increasing overhead costs. |
|
b. |
improving the performance of individual workers. |
|
c. |
encouraging soldiering among employees. |
|
d. |
analyzing the external rather than the internal environment of an organization. |
|
e. |
increasing employee turnover. |
QUESTION 39
Which of the following positions would be considered a specialized management position?
a. |
Accountant |
|
b. |
Public relations manager |
|
c. |
Marketing manager |
|
d. |
Hospital administrator |
|
e. |
Human resources manager |
QUESTION 40
Which of the following statements is true about the decision-making process?
a. |
It exclusively applies to problem situations. |
|
b. |
It requires that the nature of a particular situation be defined. |
|
c. |
It typically involves only one individual and seldom applies to groups. |
|
d. |
It seldom applies to situations that are positive. |
|
e. |
It results in the generation of only one alternative. |
QUESTION 41
Emilio says, "Employees and situations are unique. Sometimes I get good results by trying one approach, sometimes I decide to do something completely different." Emilio's statement is best aligned with which of the following management views?
a. |
Scientific management |
|
b. |
The classical management perspective |
|
c. |
The contingency perspective |
|
d. |
Theory X |
|
e. |
Administrative management |
QUESTION 42
A _____ is privately owned by one individual or a group of individuals and has sales and assets that are not adequate enough to meaningfully influence its environment.
a. |
publicly held corporation |
|
b. |
regulatory agency |
|
c. |
non-profit organization |
|
d. |
strategic business unit |
|
e. |
small business |
QUESTION 43
Venus Corp. prohibits its employees from smoking in its premises. This is an example of a(n)
a. |
standard operating procedure. |
|
b. |
program. |
|
c. |
entropy. |
|
d. |
project. |
|
e. |
rule. |
QUESTION 44
Which of the following is a determinate of an organization's culture?
a. |
The extended benefits provided by an organization |
|
b. |
Corporate success and shared experiences |
|
c. |
The regulations for work performance set by an organization |
|
d. |
The strategic partners of an organization |
|
e. |
The products and services available for the functioning of an organization |
QUESTION 45
By recognizing the _____ aspect of decision making, the administrative model better reflects subjective considerations.
a. |
classical |
|
b. |
behavioral |
|
c. |
sequential |
|
d. |
groupthink |
|
e. |
rational |
In: Operations Management