There are many different types of certificates that can be requested by the importing country or the importer. List and describe two of them. Be sure to discuss the purpose of each.
In: Operations Management
Consider that you are an exporter in the USA having annual sales revenues of $35 million and you are negotiating a potential sale with a customer in Malaysia for specialized machinery. The value of the potential sales contract is $175,000. You have dealt with this customer on the last 2 occasions and have been paid in advance on those occasions. Other than that, you have no other knowledge about your customer including their credit worthiness. Having lost the sale on the last 2 occasions, your competitor is inclined to offer very favorable terms of sale and payment for the present contract under negotiation. What terms of payment would you offer? Justify your answer. What factors will you consider when making the decision? Explain briefly how you would execute the terms of payment you choose to use.
In: Operations Management
Developing Successful Stage I and Stage II Organizations.” Please respond to the following:
Describe the key problems and challenges involved in building a successful new venture in Stage I. Discuss the challenges of developing a successful Stage II organization during expansion. Why do you think that many successful Stage I firms struggle in Stage II during expansion?
In: Operations Management
Recently, there have been a number of aircraft accidents around the world in Indonesia, Papua New Guinea, and in Guyana. Each accident is investigated for probable cause. For 35 extra credit points, prepare a one page summary of the international rules that apply to commercial air carrier accident investigations. Be sure to research ICAO standards and recommended practices.
In: Operations Management
Recent election cycles have brought new challenges for corporations and their boards of directors. For example, in the 2016 presidential election campaign, candidate Hillary Clinton unveiled a prescription drug plan to lower prescription prices following the Turing Pharmaceutical price gouging scandal. Yet ironically, the pharmaceutical industry was one of the most generous industry donators to her campaign, as well as those of the other candidates. In fact, the health industry overall (including health professionals, hospitals, HMOs, and pharmaceutical companies) donated over $10 million to the presidential candidates by spring of 2016. In essence, the pharmaceutical companies and health-care professionals spent money to promote policies that went against their own financial interests. This happened in congressional elections as well. In 2010, the pharmaceutical industry’s trade group, PhRMA, donated funds to nonprofit groups that used those funds to help elect 23 representatives who subsequently voted to limit access to contraceptives. Some of those funds came from firms like Pfizer, Bayer, and Merck — all manufacturers of contraceptives. Political spending is also an issue with individual companies. Target Corporation, a company that had positioned itself as an LGBT-friendly corporation, found itself the target of angry employees and customers when they learned about Target’s political spending. Target, a sponsor of the annual Twin Cities G4y Pride Festival, donated money to a business group that supported an antig4y rights candidate for Minnesota governor. Angry employees and consumers conducted protests outside Target stores and threatened a boycott. These examples show how political spending can have dramatic consequences for corporations. Politicians take positions on a range of policies and so the same politician may hold some positions that support and other positions that damage a corporation’s best interests. This problem was exacerbated when the U.S. Supreme Court’s Citizen United decision changed the political spending landscape for corporations. Before that decision, political spending was constrained to political action committees (PACs), and PAC political activity had to be disclosed to the FEC (Federal Election Commission). Now firms can make unlimited contributions directly to candidates or indirectly to 501c4 nonprofits and trade associations, who can then hide both the donors who provided the money and the way the money was spent. Firms are now freer to become politically involved but, as Target and the pharmaceutical companies found out, that freedom comes with risk. Shareholders and other stakeholders are asking firms to be transparent in their political spending. They want to judge those expenditures for themselves to avoid agency problems and other conflicts of interest. Ira M. Millstein, founder of the Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, proposes a new policy for boards of directors to follow in this new landscape. He suggests that: 1. Companies should require trade associations of which they are members to report to them on their political spending, 2. Companies should require trade associations of which they are members to disclose the donors who provide the money for their political spending, and 3. Companies should then disclose the information they receive from their trade associations when they disclose their other spending to shareholders and other stakeholders.
1. How would you react to the problem of political spending?
2. As the Chief Executive Officer of a pharmaceutical company, what would you do? Would you retain your PhRMA membership? Would you attach any conditions to your membership?
3. How would you react to the Target situation? What would you do as the CEO?
4. What is your reaction to Ira Millstein’s suggestions? Should corporations demand that trade associations disclose this information before they join?
5. Should companies start disclosing the information they gather? If a trade association refuses to give up that information, should the company decline to join?
In: Operations Management
list and explain any 5 if the challenges and opportunities of organizational behavior with relevant examples?
this is organization behavior subject
In: Operations Management
What performance measures do you think are most important to modern policing? Why?
In: Operations Management
In the US, and around the world, negligence is argued many times following an incident. In a two page summary, identify an aviation civil case where negligence was proven. Identify from the case, how the duties to negligence were proven, and the ultimate outcome. What did the plaintiff argue? What did the defendant argue? In your case if comparative or contributory negligence was found, be sure to include those circumstances.
In: Operations Management
In: Operations Management
Consider the linear program:
??? 1? + 2? ?. ?.
1? ≤ 5
1? ≤ 5
2? + 2? = 12 ?, ? ≥ 0
a) Show the feasible region.
b) What are the extreme points of the feasible region?
c) Find the optimal solution using the graphical procedure.
d) Graph it on excel
Can you thoroughly explain the steps why and how you got the answers and how to get the point to plot the graph. I have the final answers but I'm unsure how about the steps. I need more help explaining the steps, the final answers aren't important to me.
In: Operations Management
On January 30, 2017, President Trump signed an executive order that requires Federal government agencies wishing to issue 'Notices of Public Rule-Making' for new regulations to immediately identify two existing regulations that will be repealed as a result of the new regulation. The intent is to reduce overall regulations within the government. This action will affect both the TSA and the FAA. For 50 extra credit points, research the Executive order and one proposed regulation that will be affected. In addition, locate 2 old regulations that you think should be repealed.
In: Operations Management
For the final assignment, research on-line global aerospace laws. What did nations agree to in the laws? How are they enforced? Can the laws be enforced? Produce a one page summary of your findings.
In: Operations Management
CVP Analysis of Multiple Products
Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Steinberg expects to sell 90,000 regular models and 18,000 deluxe models. A segmented income statement for the two products is as follows:
Regular Model | Deluxe Model | Total | ||||
Sales | $14,400,000 | $12,060,000 | $26,460,000 | |||
Less: Variable costs | 8,640,000 | 7,236,000 | 15,876,000 | |||
Contribution margin | $5,760,000 | $4,824,000 | $10,584,000 | |||
Less: Direct fixed costs | 1,200,000 | 960,000 | 2,160,000 | |||
Segment margin | $4,560,000 | $3,864,000 | $8,424,000 | |||
Less: Common fixed costs | 1,720,800 | |||||
Operating income | $6,703,200 |
1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit.
Regular models | units |
Deluxe models | units |
2. Using information only from the total column of the income statement, compute the sales revenue that must be generated for the company to break even. Round the contribution margin ratio to four decimal places. Use the rounded value in the subsequent computation. (Express as a decimal-based amount rather than a whole percentage.) Round the amount of revenue to the nearest dollar.
Contribution margin ratio | |
Revenue | $ |
In: Operations Management
Please answer this in at least 300 words. Not copy and paste from another sources please. In what ways do you think the development of new products differs from the development of new services?
In: Operations Management