A manager is trying to decide whether to build a small, medium, or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25, 0.40, and 0.35, respectively.

A small facility is expected to earn an after-tax net present value of just $18,000 if demand is low. If demand is average, the small facility is expected to earn $75,000; it can be increased to medium size to earn a net present value of $60,000. If demand is high, the small facility is expected to earn $75,000 and can be expanded to medium size to earn $60,000 or to large size to earn $125,000.

A medium-sized facility is expected to lose an estimated $25,000 if demand is low and earn $140,000 if demand is average. If demand is high, the medium-sized facility is expected to earn a net present value of $150,000; it can be expanded to a large size for a net payoff of $145,000.

If a large facility is built and demand is high, earnings are expected to be $220,000. If demand is average for the large facility, the present value is expected to be $125,000; if demand is low, the facility is expected to lost $60,000.

Which alternative is best, according to each of the following decision criterion?

a) Maximin

b) Maximax

c) Minimax regret

D)Draw a decision tree for the three options described in the question. What should management do to achieve the highest expected payoff?

1. Discuss the differences between no-fault and tort liability auto insurance laws.

2. Which one of these types of liability theory does Florida follow?

3. Does it matter to the consumer, the insurer, the general public, or not at all?

Risk and planning go hand and hand. If your business activities are likely to pose risks, who (as a guide) will help you best manage those risks? What are your options? Which option makes the most senses?

Can i get an example of PERT schedule and Activity On Node (AON) with at least 6 activities for contract negotiation project.

1. Describe the financing considerations of an entrepreneur. Explain the financing mix that you project to use for your business idea during the idea development and start-up phases.

There is a large number of benefits for restaurants who regularly monitor the cost of their menu items. To do this, You have to invest in the right tools and encourage your staff to understand this process. What is your take on this subject? Do you know of any restaurants who do poorly in this area or others who base their success in this principle? If so, can you share what these restaurants or corporations are and the reason you believe that?

You are the Chief Information Officer for General Manufacturing Incorporated. They are the leading supplier of plastic containers for consumer and commercial use. Fifteen years ago, they went live with an ERP system. Since that time, they have outgrown the system and it has become clear that they need a new one. Additionally, they have not sold their products directly to the public online but provided them to other industry users or to retail chains. They want to change so they will sell directly to consumers online.

During your career, you have risen through the ranks in IT, so you are aware of everything that needs to take place within your department. You have been tasked with making this ERP project happen. This means that your people will need to choose a new system that meets your organization’s needs, oversee its implementation and make sure it runs properly afterwards. For each question that you answer, consider the direction that the company wishes to take.

1. Describe how you would decide upon the ERP system that you will purchase and what will happen within the company prior to purchasing it (in determining needs and making the decision).
2. Once you start to sell your products online to consumers, you want to have a greater web presence. At this point in time, you are not considering privacy and security. What do you need to consider and what would you recommend?
3. There are issues that relate to privacy and security that will arise with your move to make more use of the web. Discuss the issues and how you would recommend that they be addressed.

Which four dimensions of value from the customer can be distinguished and how do they differ from one another? (answer in bullet point summary)

Ray Perkins has been employed at Grant Real Estate for almost two years. Prior to receiving his real estate license, he was a property manager with a large real estate agency in another community. During his first year with Grant, he was assigned to the residential property division and sold properties totaling $825,000. He then requested and received a transfer to the commercial division. Three months ago, Ray obtained a commercial listing that consisted of 26 acres of land near a growing residential neighborhood. The land is zoned commercial and appears to be ideally suited for a medium-sized shopping center. Ray prepared a detailed prospectus and sent it to Vera Maynard, president of Mondale Growth Corporation, a firm specializing in development of shopping centers. One week later he received a letter from Ms. Maynard requesting more information. Shortly after receiving Ray’s response, Ms. Maynard called to set up an appointment to inspect the property. Atime and date were finalized, and Ray agreed to meet her plane and conduct a tour of the property. Ray is a quiet, amiable person who displays the Supportive communication style. Friends say that they like to spend time with him because he is a good listener.

Questions

1. If Ms. Maynard displays the characteristics of the Directive communication style, how should Ray conduct himself during the meeting? Be specific as you describe those behaviors that would be admired by Ms. Maynard.

2. If Ms. Maynard wants to build a rapport with Ray Perkins, what behavior should she display?

3. It is not a good idea to put a label on someone and then assume the label tells us everything about the person. As Ray attempts to build a rapport with Ms. Maynard, what other personal characteristics should he try to identify?

2) Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. What concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems? (word count maximum: 150)

1. Describe the nature of operations management in the following organizations. In doing this, first describe the operation process of the production system. Second, identify operations decisions. (Marks 3) (word count maximum:500)

• A paper manufacturing
• An internal design office

1. How does YouTube determine which YouTube cards an account holder will see? List the three factors referred to in the text.
2. Why should a business include photos of people on its Yelp page?

Write a summary of your understanding of the following Quality Concepts (one half page for each concept):

(1) Continuous Process Improvement,

(2) Kaizen,

(3) ECRS Method,

(4) Performance Measurements, and (5) Benchmarking.

With the increased use of the Internet, more companies are selling directly to their customers. How does this affect their wholesalers and retailers? Do customers want to buy everything on the Internet? What are the pro's and con's of selling direct?

If you were developing an advertisement for Huggies diapers;

Who would be your target market?

What media would you use?

Would you use comparative or competitive advertising?