Questions
1) While shopping, Joe sees a coat he likes. Rather than looking for a better deal...

1) While shopping, Joe sees a coat he likes. Rather than looking for a better deal elsewhere, he buys it. This is an example of satisficing.

True

False

2) Based on the competing values framework, an adhocracy emphasizes efficiency.

True

False

3) Even though Jane has never run a marathon before, and there are over 10,000 women in the race, she feels she has a 95% chance of winning the New York City marathon. This is an example of an overconfidence bias.

True

False

4) ________ is the degree to which a test measures the same thing consistently.

                Accountability

                Reliability

                Validity

                Dependability

                Significance

5) Which type of technology is most closely associated with a mechanistic structure?

                digital

                service

                large-batch

                continuous process production

                small-batch

6) At the Jiffy Computer Company, all of the components used in their computers are built by other firms. Jiffy simply assembles the computer. This is an example of a virtual structure.

True

False

In: Operations Management

Doctor J. is considering purchasing a new blood analysis machine for $60,000. He estimates that he...

Doctor J. is considering purchasing a new blood analysis machine for $60,000. He estimates that he could charge $80.00 for an office visit to have a patient's blood analyzed, while the variable cost of a blood analysis would be $30.00.

A) If this new blood analysis machine has design and effective capacities of 6,000 and 5,000 blood analyses per year, respectively, and Dr. J. expects to perform 4,500 blood analyses each year, what will be the utilization of this machine under perfect conditions?

B) If this new blood analysis machine has design and effective capacities of 6,000 and 5,000 blood analyses per year, respectively, and Dr. J. expects to be 80% efficient in his use of this machine, how many blood analyses does he plan to perform each year?

C) What would be his profit if he were to perform 5,000 blood analyses?

D) How many blood analyses would he have to perform in order to make a profit of $50,000?

In: Operations Management

Amazon and many other publishers now offer self publishing online. What exactly it is that Amazon...

Amazon and many other publishers now offer self publishing online. What exactly it is that Amazon is attempting to do as e-publishers (i.e., the business model that they are using) and discuss the impact you believe they will have on the publishing industry. Be sure to include a discussion of the impact on quality, price, and the overall industry. INCLUDE A LINK to some research online.

In: Operations Management

a) Under what circumstances is Everyday Low Pricing (EDLP) likely to work? Does it work better...

a) Under what circumstances is Everyday Low Pricing (EDLP) likely to work? Does it work better for retailers or manufacturers? Is it more applicable for urban or rural areas?

b) What are some additional trends in retailing and distribution? Mention one such trend.

c) How has the emergence of the Internet and E-commerce challenged the existing marketing channels? Explain to what extent e-retailers have been successful in gaining market share, and why.

In: Operations Management

Describe a significant ethical dilemma you have faced. What action did you take to resolve it?...

Describe a significant ethical dilemma you have faced. What action did you take to resolve it? How did you evaluate your available options and decide on this course of action?  What lessons did you learn that could be applied to an ethical dilemma faced today? How has this dilemma shaped your values?

In: Operations Management

Briefly state the pros and cons of consensus decision making.. Then, give a practical example of...

Briefly state the pros and cons of consensus decision making.. Then, give a practical example of a management situation where consensus would be ideal , and also a situation

where consensus would NOT provide an optimal solution;. Lastly, state your opinion on whether consensus decision -making is optimal.

In: Operations Management

Given the following information, formulate an inventory management system. The item is demanded 50 weeks a...

Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year.

Item cost $ 7.00 Standard deviation of weekly demand 20 per week
Order cost $ 243.00 Lead time 1 week(s)
Annual holding cost (%) 32 % of item cost Service probability 95 %
Annual demand 22,100
Average demand 442 per week

a. Determine the order quantity and reorder point. (Use Excel’s NORMSINV( ) function to find your z-value and then round that z-value to 2 decimal places. Do not round any other intermediate calculations. Round your final answers to the nearest whole number.)

b. Determine the annual holding and order costs. (Do not round any intermediate calculations. Round your final answers to 2 decimal places.)

c. Assume a price break of $50 per order was offered for purchase quantities of 2,200 units per order. If you took advantage of this price break, how much would you save annually? (Do not round any intermediate calculations (including number of setups per year). Round your final answer to 2 decimal places.)

In: Operations Management

imagine a small business that you would like to open (Gym). Give a comprehensive overview of...

imagine a small business that you would like to open (Gym). Give a comprehensive overview of the opportunities and challenges facing the business. This might include (but not limited to) discussions of your business's customers, revenue sources, business model, competition, operating environment, marketing efforts, information technology, management structure, etc., etc. s. Be creative. Be concise.

In: Operations Management

A juice manufacturing brand “J” is planning to utilize sales promotion in order to increase its...

A juice manufacturing brand “J” is planning to utilize sales promotion in order to increase its current sales and augment its customer base. As the marketing manager for this organization, write a short report on the sales promotion tools by utilizing any TWO (2) specific tools that can be used to achieve the objective. Justify your selection with relevant logic.

In: Operations Management

"Buying centers" generally evolve over the course of the purchase process, meaning individual members will have...

"Buying centers" generally evolve over the course of the purchase process, meaning individual members will have different levels of influence depending on where you are in the purchase process.

Use a hypothetical business-to-business purchasing situation or a real-world example based on your experience to address the following.

1) Explain when certain buying center members would have more input into the buying process.

2) What steps could a salesperson take to identify influential members of the buying center and to better understand the buying center member’s role.

In: Operations Management

An international mobile manufacturing brand “M” is planning to enter the Malaysian Market. The management has...

An international mobile manufacturing brand “M” is planning to enter the Malaysian Market. The management has decided to hire a potential advertising agency to design their promotional messages and develop their online marketing strategies.

As the campaign manager of the selected advertising agency answer the below question:

Write a short report to differentiate communicating between internal and external stakeholders with reference to public relation activities.  

In: Operations Management

In your business experience have you observed major errors as a result of false assumptions? What...

In your business experience have you observed major errors as a result of false assumptions? What happened? Can you identify the point, or decision, of "no return" and suggest a possible alternative decision that may have brought a satisfactory result? 250 words

In: Operations Management

An international mobile manufacturing brand “M” is planning to enter the Malaysian Market. The management has...

An international mobile manufacturing brand “M” is planning to enter the Malaysian Market. The management has decided to hire a potential advertising agency to design their promotional messages and develop their online marketing strategies.

As the campaign manager of the selected advertising agency answer the below question:

Explain any TWO (2) appropriate digital marketing strategies that can be applied to target the prospective consumers.

In: Operations Management

research paper: I need to write a research paper about the importance of the 4 amendment...

research paper:

I need to write a research paper about the importance of the 4 amendment and how the search warrants help or hurt the law system.

The paper will be no less than 1500 words and have a minimum of 6 academic quality references. The grading rubric for this assignment may be viewed in the Research Paper submission link in Blackboard. o Websites such as Wikipedia, blogs, and social networking forums, are not to be used. Depending on your topic, they may be good places to start. However, there is nothing authoritative about these websites and therefore should not be cited in an academic paper. Information obtained from official websites, such as state/federal governments or government agencies, is acceptable and may be used as sources sparingly. I have provided you with an APA formatted paper shell and a presentation on citing and references in your research paper assignment link. Please review the Research Paper Rubric to see how I will be grading this assignment.

In: Operations Management

Explain Alderfer’s ERG Theory Describe how human needs influence motivation to work. Explain existence needs, relatedness...

  1. Explain Alderfer’s ERG Theory
  2. Describe how human needs influence motivation to work.
  3. Explain existence needs, relatedness needs and growth needs.

In: Operations Management