Wk 4 dis 2 Please advise and provide example

The just-in-time (JIT) movement has long argued that firms should:

• Maximize their process flexibility so that ordering costs are minimal.
• Stabilize demand levels.
• Shrink lead times as much as possible.
• Assign much higher holding costs to inventory than has traditionally been the case.

Using the economic order quantity (EOQ) and reorder point (ROP) formulas, explain how such efforts would be consistent with JIT's push for lower inventory levels

SUBJECT-HUMAN RESOURCE MSMT//BUSINESS FOUNDATION

1. What is the marketing process, and how do businesses use it? Why is it important? Also, explain in your own words how market research works.
2. What are the 4 “P”s, and how do they fit in with the marketing process? Describe a marketing campaign that has caused you to purchase a product.
3. Explain the steps in the accounting cycle. Name and define the three essential financial statements accountants create for businesses. Is this information of interest to the company only? If not, who else would use that info?
4. What is the financial planning process? How important is financial management to running a successful business? In your opinion, are there similarities to an individual’s financial management and that of a company? Explain why or why not.

Please talk about The Coca-Cola Company. Identify one example of The Coca-Cola Company's successful expansion into emerging economies. What positive and negative characteristics did The Coca-Cola Company's managers associate with the emerging economy that are important considerations for their foreign investment plans in the country?

Please cite sources used (if any)

Oklahoma Law Review Volume 68 Number 3 2016 “Big Data” and the Risk of Employment Discrimination. Raise your concern on employement discrimination through the use of big data.

Suppose the following: You are an HR Director for a US-based company and are preparing to hire a Chinese citizen for a job in the U.S., which will require him to attain H-1B visa in order to be eligible for employment in the U.S. Research and discuss the process of attaining an H-1B visa. What are the requirements of the employee? What are the requirements and committments of the company? When does it make business sense to support an H-1B visa for an employee?

The response should be a minimum of 500 words.

Thank you!

1. An escalator clause provides for an increase, but not a decrease, in price if costs change.

True or False?

2. This bond guarantees work will be done according to specifications, in the time specified, and if another supplier does rework or completes the order, purchasing is indemnified for these extra costs.

A. bid bind. B. lien bond. C.Surety bond. D. Performance Bond, E. Payment Bond,

3. A prime function of an organized commodity exchange is to furnish an established marketplace where:

A. Commodity prices can be controlled. B. Sellers of the same commodity can come together to set prices. C.there are only a limited number of buyers and sellers.

D. Products that are difficult to grade can be traded. E. Products that are difficult to grade can be traded  

4. A cash discount of 1/15. N/30 (1 percent cash discount if payment is made in 15 days, with the gross amount due in 30 days) is the equivalent of what approximate interest rate?

A. 36 percent. B. 45 percent C. 54 percent D.30 percent. E. 24 percent

5. Costs incurred in the operation of a production plant or process, but normally cannot be related directly to any given unit of production or service provided, are called:

A: indirect cost B. fixed cost C. semivariable cost D.direct cost E. variable cost

6. A payment bond protects the buyer against liens that might be granted to suppliers of material and labor to the bidder, in the event the bidder does not make proper payment to its suppliers.

True or False

7. Items for which prices are comparatively low and the cost of price reduction efforts may exceed any price saving realized are :

A. Maintenance, repair, and operating supplies. B. Raw materials C. Services. D.parts, components, and packaging E. capital assets.

8. Accepting a price discount for ordering larger quantities leads to lower levels of anticipation inventory.

True or False

9. Prices may not be directly related to costs in the market approach

True or False

10. Farmers turn to market and production contracts when they perceive the efficacy of spot markets to be inadequate in handling their risks and processors turn to contracts as a way to encourage farmers to produce specific products at desired times.

Ture or False

11. Competitive bidding, in general, is the most efficient means of obtaining a fair price for items bought.

True or False

12. Fixed costs generally remain the same regardless of the number of units produced.

Ture or false

13. In formation regarding prices trends cannot be easily obtained because most organizations are reluctant to share cost and price information

True or False

14. The process for bidding in the public sector is generally similar to the private sector, although there are a few important differences.

True or False

15. The purchasing manager indexes( PMIs) are leading economic indicators derived from monthly surveys of purchasing managers about forecasted company conditions.

True or False

Jeff, the Director of Business Development, promised a promotion to Anne, his Assistant Regional Director, to become Regional Director when the old Regional Director was to leave her post in two weeks for another position outside the company. Jeff did not clear this decision with his boss Fred, the Vice President of Marketing before he made the promise to Anne. Jeff thought that it was within his authority to offer the position to Anne without first clearing it with Fred, or consulting human resources. The company was a fairly large developer of residential properties operating in 12 states in the southern United States. Thus, its human resources department was professionalized and balked at the arbitrariness of Jeff’s promise to appoint a person in a job without a fair and open hiring process, citing EEOC laws, and the backlash of regulatory consequences of such behavior. The brakes were put on the entire hiring process, and Anne did not get the job. An outside hire (Mary) eventually received the position. Anne quit immediately! Several projects had to be put on hold for several months until Mary could be brought up to speed, costing thousands of dollars. NO PARTICULAR BEHAVIORAL PATTERN

1. What ethical theory can best explain this moral problem?
2. Did Jeff violate an ethical standard or was he truly ignorant of the hiring process?
3. Should Jeff be blamed for Anne’s resignation?
4. Should there be any consequence or punishment for Jeff?
5. Can Jeff’s promise to Anne be defended ethically?

You are the CEO of an industrial chemical plant named Johnson Chemicals. You manufacture the inert chemicals for more than 100 different manufacturers. They range from the military to paint companies. Fifty percent of your gross revenue comes from one company that manufactures fuel for military and commercial aircraft: this is 30 percent of your bottom line. Your second-largest customer manufactures fuel additives and it represents five percent of your bottom line. That company is also a wholly-owned subsidiary of your number one customer.

You have found out that your number one customer has been dumping millions of gallons of waste products into a local small river that feeds into the Mississippi River. If you “blow the whistle” you could be responsible for losing 30 to 50 percent of your bottom line revenue. This would result in the unemployment of nearly half of your 5,000 employee workforce. Also, there could be a backlash among your 98 remaining customers. Your reputation could be ruined if you are deemed to be a “whistleblower” or “rat.” Still, you know that people unaware of the dumping will use the water for fishing, drinking, etc. You also know that people will die from too much exposure to the kinds of chemicals being dumped.

1. What on earth are you to do? Please write two paragraphs. The first paragraph should show how you would justify exposing the dumping. The second paragraph should address justifications for you not exposing your number one client. The two paragraphs should each be at least six sentences long and not more than twelve sentences long. Use at least two of the theories on moral problems you learned about earlier in this chapter to justify your position as proponent or opponent of blowing the whistle or remaining silent.

AN=UNITS OF MODEL A PRODUCED ON THE NEW PRODUCTION LINE

AO= UNITS OF MODEL A PRODUCED ON THE OLD PRODUCTION LINE

BN= UNITS OF MODEL B PRODUCED ON THE NEW PRODUCTION LINE

BO= UNITS OF MODEL B PRODUCED ON THE OLD PRODUCTION LINE

MIN 30AN+50AO+25BN+40BO=Z

SUBJECT TO,                                                                                                    

AN+AO ≥ 50,000 Minimum production of model A

BN+BO ≥ 70,000 Minimum production of model B

AN+BN ≤ 80,000 Capacity of new production line

AO+BO ≤ 60,000 Capacity of old production line

OBJECTIVE FUNCTION VALUE

        1)      3850000.

VARIABLE        VALUE              REDUCED COST

        AN               50000.000000          0.000000

        AO                       0.000000          5.000000

        BN               30000.000000          0.000000

        BO              40000.000000            0.000000

       Constraints   SLACK OR SURPLUS     DUAL PRICES

        1)                          0.000000                      45.000000

        2)                          0.000000                       40.000000

        3)                          0.000000                      -15.000000

        4)                           20000.000                      0.000000

VARIABLE         CURRENT        ALLOWABLE        ALLOWABLE

                                 COEF                 INCREASE           DECREASE

       AN                   30.000000         5.000000                  INFINITY

       AO                   50.000000         INFINITY                5.000000

       BN                   25.000000          15.000000                 5.000000

       BO                   40.000000           5.000000                15.000000                   

      Constraints         CURRENT        ALLOWABLE        ALLOWABLE

                                    RHS                 INCREASE             DECREASE

          1                    50000.000000     20000.000000           40000.000000

          2                    70000.000000     20000.000000           40000.000000

          3                    80000.000000     40000.000000           20000.000000

          4                    60000.000000         INFINITY             20000.000000

                2 Points each

1. Would you recommend increase or decrease the capacity of the old production line? Why?
2. The production cost for model A on the old production is $50 per unit. How much would

this cost have to change to make it worthwhile to produce A on the old production line? Explain.

3. Suppose that the minimum production requirement for model B is reduced from 70,000 units to 60,000 units. What effect would this change have on optimal solution and the total production cost? Explain.
4. If capacity of new production line increase from 80,000 to 90,000 then what effect it will have on Total production cost? What will be the new total production cost?
5. Suppose that the production cost for model B on the new production line increases from $25 to $35 and the production cost for model B on the old production line decreases from $40 to $32. Would the optimal solution change?

P/S : Do Not Use Microsoft EXCEL to explain the answers. Please show and explain the answers in WORDS.

(40) What does it mean when we say that a supply chain is resilient? What practical steps can you, as a supply chain manager, take to make your supply chain to be resilient?

(41) Exchange rates among major economies in the world fluctuate daily. Clearly explain how this can pose a risk for a company and its associated supply chain. How might a company mitigate such risk?

(42) Clearly describe the impact that the “Internet”, as a technology, is having on supply chains. What are the challenges it poses to companies?

SCENARIO - Imagine that you are an Administration Manager of several In-Office Employees and several Remote Virtual Employees. Both sets of employees use the same company owned Virtual Private Network (V.P.N.) when performing business assignments with clients. In-Office Employees use company computers and Remote Virtual Employees use their personal laptops.

TASK 1: Should the in-office employees and the remote virtual employees be held to the same "code of business ethics" when conducting work assignments.

TASK 2: Should one group of employees be given more freedom and privileges than the other employee group.

100-word minimum.

portfolio project .Find at least two newspaper or magazine ad that you believe are bland and unexciting . Rewrite them, first to demonstrate a hard sell approach and then to demonstrate a soft sell approach.Explain how your rewrites have improved the original ad.Also explain how the hard sell and soft sell appeals work.which do you believe is most effective for each ad. If you were team of professionals working on these accounts ,how would you go about evaluating the effectiveness of these two ads? In other words , how would you test your intuitive judgement of which one works best?

(37) Two of the three tripods of sustainability are “Planet” and “People”. Clearly explain what these two terms mean within the context of sustainability. What practical steps can a focal company (please name the company) play to ensure that they are implemented not only within the company but across its supply chain.

(38) Using suitable examples, clearly explain the roles that Government and Non-Governmental organizations can play in fostering sustainability.

(39) Using a focal firm with which you are very familiar as an example (please name the organization), identify 3 risks faced by its associated supply chain. Also, explain the extent to which they could impact the said supply chain.

(31) What do you understand by the term “Reverse Logistics”? Explain 2 ways in which the management of reverse logistics differ from that of traditional logistics in supply chains.

(32) Is reverse logistics beneficial? If you say no, explain why you think so. If you say, yes, explain why you think so.

(33) Explain how depletion of resources, quality issues, and e-commerce serve as key drivers for reverse logistics.

(34) Assume that you are the supply chain manager for a retail store. Clearly explain what you would do to minimize the negative impact of returns in your organization. 4

(35) What do you understand by the term “sustainability”? Why do you think that it is becoming an important issue considered by many companies around the world?

(36) Implementation of sustainability initiatives by companies can be expensive, but it can also yield economic benefits. By using suitable examples explain how either of the above results can occur.