For this assignment, describe the legal issue(s), discuss the applicable rules of law, explain how to minimize any legal risks, list any additional facts that would help in making the decision, and resolve the dispute (who wins and why).
The Case
April 28, 2017: Northeast Financing Company sent a commitment letter to Cloister Dairy offering to loan Cloister $900,000 at 10.25 percent interest; the letter provided that acceptance must be in writing within seven days and must be accompanied by a $20,000 letter of credit or cashier’s check.
May 15, 2017: The president of Cloister Dairy sent a letter of acceptance to Northeast along with a check.
May 21. 2017: Northeast cashed the check, which went through standard company processing.
Northeast claims there is no contract. Is there a contract? What rules of law apply?
Is this contract required to be written to be enforceable? Explain.
In: Operations Management
Explain the different legal options to address a bank teller involved in a check cashing scheme and why or why not the case should involve law enforcement.
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Sweetland Sugar &Co. produces cane sugar in its three plants in Tampa, Mobile, and Houston It has four distribution centers in Charlotte, Kansas City, Indianapolis, and Flagstaff. These distribution centers serve five major markets, New York, Chicago, St. Louis, Las Vegas, and Seattle. The capacities of each plant, demands of each market and the transportation costs of sending a ton sugar from a plant to distribution center and from a distribution center to a market are given in the tables below. The company seeks to develop a plan to minimize transportation costs.
a) Determine the objective function and constraints.
b) Find the minimum cost and the amounts of sugar sent from each plant to distribution centers and from each distribution center to markets using Excel Solver.
|
From Plants |
To Distribution Center |
Supply (Tons) |
|||
|
Charlotte |
Kansas City |
Indianapolis |
Flagstaff |
||
|
Tampa |
$13 |
$17 |
$18 |
$25 |
20,000 |
|
Mobile |
$16 |
$15 |
$15 |
$22 |
18,000 |
|
Houston |
$18 |
$13 |
$17 |
$18 |
25,000 |
|
From Distribution Centers |
To Markets |
||||
|
New York |
Chicago |
St. Louis |
Las Vegas |
Seattle |
|
|
Charlotte |
$16 |
$13 |
$12 |
$22 |
$25 |
|
Kansas City |
$20 |
$11 |
$6 |
$15 |
$18 |
|
Indianapolis |
$10 |
$8 |
$8 |
$17 |
$19 |
|
Flagstaff |
$25 |
$18 |
$15 |
$8 |
$15 |
|
Demand (tons) |
15,000 |
12,000 |
9,000 |
14,000 |
13,000 |
In: Operations Management
in 200 words
what would be the risks of forming a strategic alliance in terms of Southwest Airlines profitability ratios ? which of the 5 ratios ( return on total assets, return on stockholders equity, return on common equity, operating profit margin, net profit margin) is most likely to reveal immediate information for analysis of the alliances effectiveness?
cite references
In: Operations Management
In: Operations Management
What is a contract? Define and list the basic requirements for a contract.
In: Operations Management
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international business
What are some of the most important considerations we should evaluate to best configure our production and supply chain operations.
Provide specific details for each consideration
In: Operations Management
Case: Following the fundamentalist revolution in Iran, the new Islamic government nationalized all major companies. Among them was a razor manufacturing firm operating with a British license. The company had been using the brand name "Tiz," which means "Sharp" in the local language.
The brand name had enjoyed good customer service acceptance in Iran with its sharp image. In the mid-1980s, in response to the government's foreign currency deficit - a consequence of the war in Iraq - the company was encouraged to mount an export drive. It targeted the most obvious market, the nearest and the richest one, Qatar.
The first shipments of Tiz were made after an agency and distribution agreement was finalized with a local importer. Soon after the product launch in Quatar however, the distributor realized that the Persian brand name Tiz was creating some serious problems with customers. It was discovered that the brand name's connotation in Arabic slang referred to "buttocks" resulting in significantly low sales.
Answer the following 2 questions in paragraph form with DETAIL and EXPLANATION:
1. What would you do as the account manager in this situation? (the account manager is the person that is the middle person between the company and the distributor)
2. What would you suggest the company do to avoid problems like this again in the future?
In: Operations Management
1. As an airport manager, (a) which type of gate usage agreement do you feel is most beneficial? (b) Why would you enter into any exclusive-use agreements if they are considered to be an inefficient use of gate space? (30 points)
2. There have been many changes in aviation security since 9/11. (a) List a minimum of three security improvements that have been made since 9/11. (b) Pick one of these improvements and write a detailed synopsis about this security improvement, including the impact (positive or negative) it has made in the aviation industry. (30 points)
3. (a) List the seven terminal design concepts discussed in chapter seven. (b) As an airport manager at Republic Airport (KFRG), in your opinion what would be the best terminal design concept for Republic Airport listing, in detail, the reasons supporting your opinion. (c) As an airport manager at John F. Kennedy Airport, (KJFK), in your opinion what would be the best terminal design concept for Kennedy Airport, listing in detail, the reasons supporting your opinion. (40 points)
Use textbook - Seventh Edition of Airport Planning & Management by Alexander T. Wells & Seth B. Young.
In: Operations Management
In international operations, we will need to consider to what degree we delegate decision making to our foreign subsidiaries. Explain THREE advantages and disadvantages of centralized versus decentralized decision making.
In: Operations Management
As a supervisor, you have been requested to assist junior employees to develop a career development action plan (CDAP). Highlight the key critical stages useful in preparing the plan.
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Example
Critical thinkers make sure they fully understand something before they judge it.
My Application: Instead of criticizing every comment I hear in class, I will give all comments fair consideration.
1. Critical thinkers don't feel they need to be right about everything.
My Application:
2. Critical thinkers make sure they fully understand something before I judge it.
My Application:
3. Critical thinkers demand evidence before they will believe something.
My Application:
4. Critical thinkers are willing to criticize a popular belief if it is the right thing to do.
My Application:
5. Critical thinkers see things in shades of gray rather than in black and white
My Application:
6. Critical thinkers would rather find a solution that benefits everyone than get their own way.
My Application:
In: Operations Management
Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average of 8 customers per hour arrive at the bank to transact business. There is one teller at the bank, and the average time required to transact business is 3 minutes. It is assumed that service times may be described by the negative exponential distribution. A single line would be used, and the customer at the front of the line would go to the first available bank teller. If a single teller is used:
f) CEO Benjamin Neve is considering adding a second teller? (who would work at the same rate as the? first) to reduce the waiting time for customers. He assumes that this will cut the waiting time in half.
g) If a second teller is? added, the average time a customer spends in the queue? = ____ minutes?
h) If a second teller is? added, the average number of customers in the queue? =??____ customers.
I) If a second teller is? added, the average time a customer spends in the system? = _____minutes
j) If a second teller is? added, the average number of customers in the system? =?? customers?
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n general, what can companies (and not just Volkswagen) do to prevent scandals such as the one Volkswagen faces? List and explain two specific actions that companies can take to avoid this type of problems. (Be specific – for example: don’t recommend “just be honest” as this lacks detail and it might not be as easy as it sounds, as evidenced by the many scandals in this industry)
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