explain accuracy in terms of information sourced and recorded in the HRIS
In: Operations Management
Marcie Overstreet had begun her specialty vitamin-manufacturing firm 7 years ago, before the craze over supplements began. She developed her multi-vitamin based upon her regimen for fitness competitions in which she had been a highly celebrated champion for many years. Her startup was modest, producing revenues of $125,000 ($70,000 net profit) in the first year. She decided to expand rapidly using debt and cash flows to grow to revenues of $10,000,000 ($4,500,000 net profit) by her 6th year. While her firm could be considered highly leveraged, the cash flows more than covered the interest and she enjoyed the autonomy that debt financing kept in place. By the end of the 6th year her debt in the firm was $10,000,000 ($2,000,000 long-term). The book value of $12,000,000 is deceiving in that most of her equipment was listed as fully depreciated. She has 75 employees (50 full time and 25 part time). At this time her production capabilities have been maxed out and she has backlogged orders that would indicate a 20% increase in production capacity would be needed to adequately meet the demand. In order to accomplish this, another round of financing will be needed to expand to the “next level”. In addition, she believes that the company could be quite successful in the healthy foods arena if given proper level of financing for production equipment and market entry advertising. At age 55, Marcie really isn’t sure that she wants to continue the pace that she has been keeping for the past 7 years. Her children, one 25 and the other 23, have no interest in the business other than enjoying the lifestyle it provides them. The overall market has been expanding at an annualized rate of 16% over the period with last year’s rate at an all time high of 22%. She wants to be certain that she doesn’t regret getting out of the industry at the wrong time and missing a profit opportunity, however, she wants to enjoy the fruits of her labor while she is still relatively young. Discuss her situation…what are her options? Which would you advise her to select and why?
In: Operations Management
Silica has been a recognized hazard for many years, yet it took OSHA many years to update its standards. Why do you think it takes the Agency so long to change its regulations?
Do you think that OSHA has been effective in reducing injuries and illnesses through current standard setting process?
Should OSHA regulations be applied in operations across the world?
Should international workers that are employed by the same U.S. company or part of its supply chain, should they be afforded the same protections as those U.S. workers who are covered by the new silica standard?
What do you think? Should a company require all divisions regardless of location to comply with OSHA standards, like silica in construction? Should companies also require that their trading partners conform to OSHA standards?
In: Operations Management
(1.) Railroads no longer dominate the freight transportation market, but they still lead the market in terms of freight ton-miles. What factors contribute to their leadership in this area? Why is their share of the total expenditures for freight movement so small if they lead in freight ton-miles?
(3.) Explain the difference between intramodal and intermodal competition in the railroad industry. Which form of competition is most beneficial to shippers? Why?
(5.) What factors have contributed to the decline in the volume of higher- value freight by the railroads? What changes, if any, could the railroads make to attract back more higher value freight from motor carriers?
(7.) The railroad industry has developed a number of new types of equipment to replace the standard boxcar. What is the rationale supporting the diversification of equipment?
(9.) Discuss the major current issues facing the railroad industry. Select one of these major issues and present appropriate recommendations for resolving the issue.
In: Operations Management
Here are three questions for us to
discuss:
1) How valid do you think the "marketing concept" is as a key to
business success? Do you buy Pride and Ferrel's argument?
2) Does the "marketing concept" have any application to an
individual's life? How can it be a key to personal success just as
to organizational success?
3) As you "Begin with the End in Mind" for your own life, in what
way could you utilize the "marketing concept" to guide your
imagined picture of the end/whole of your life and the choices you
will make along the way to get you there?
In: Operations Management
The Roomba by iRobot is a self-propelled vacuum cleaner that avoids falling off of stairs, vacuums along walls and furniture, and recharges itself. Prices range from $150 - $399.
If you were to buy this product, at what price point do you feel comfortable buying it online or in a retail store?
In: Operations Management
1- Why are minors held liable on a quasi contract basis for the reasonable value of necessaries furnished to them?
2- Explain the test for mental incapacity in contract law.
3- Discuss the need for "real consent" as it relates to the creation and enforcement of a contract.
4- Discuss whether silence can constitute fraud.
5- Distinguish between illegal wagering contracts and legal risk-shifting and speculative bargaining agreements.
6- What is an exculpatory clause?
In: Operations Management
What legislation and regulatory requirements need to be complied with when collecting information from children and families? Give at least two examples
In: Operations Management
The Goodparts Company produces a component that is subsequently used in the aerospace industry. The component consists of three parts (A, B, and C) that are purchased from outside and cost 40, 35, and 15 cents per piece, respectively. Parts A and B are assembled first on assembly line 1, which produces 170 components per hour. Part C undergoes a drilling operation before being finally assembled with the output from assembly line 1. There are, in total, six drilling machines, but at present only three of them are operational. Each drilling machine drills part C at a rate of 55 parts per hour. In the final assembly, the output from assembly line 1 is assembled with the drilled part C. The final assembly line produces at a rate of 160 components per hour. At present, components are produced eight hours a day and five days a week. Management believes that if the need arises, it can add a second shift of eight hours for the assembly lines.
The cost of assembly labor is 30 cents per part for each assembly line; the cost of drilling labor is 15 cents per part. For drilling, the cost of electricity is one cent per part. The total overhead cost has been calculated as $1,200 per week. The depreciation cost for equipment has been calculated as $30 per week.
a) Suppose the second shift of eight hours is run for assembly line 1 and the same is done for the final assembly line. In addition, four of the six drilling machines are made operational. The drilling machines, however, operate for just eight hours a day. What is the new process capacity (number of components produced per week)? Which of the three operations limits the capacity?
In: Operations Management
•In your view, what is meant by sustainability and sustainable development? (check e.g. the proposal introduced by the Brundtland Commission, which is well-known and available on the web)
•What are some of the main components of Unilever’s sustainability goals?
•Why do you think Unilever places much emphasis on consumer education? Do you feel they will be successful in their efforts? (think about your own behavior as well)
•Check the current business model of Unilever by visiting their web- site (a link on Learn). Based on the text on the Learn- site, and the information on the web, answer shortly to the following question:
•What are some real benefits Unilever is achieving through its sustainability efforts?
In: Operations Management
I don't have the textbook for Strategic Management: Concepts 4th Edition by Frank Roth but I have a homework on Case 6 Pgs 463-465 and need the homework questions or pages pleaseeeee... I need to answer the questions and write a paper on it but I don't need you to solve it (unless you have some opinions on it you'd like to share)... just need to know what the questions are thank you
In: Operations Management
How will you determine the business implications?
In: Operations Management
Explain the differences between Human Resource management and leadership.
please provide a 100+ word rersponse.
In: Operations Management
the current management planning practices of Motorola interfere with or prohibit the organizational ability to optimally function
In: Operations Management
develop a control plan to control the distribution of office supplies.
the plan should clearly indicate the various mechanisms available for the control of office supplies as well as a template to record movement of the office supplies sufficiency. (basically inventory)
In: Operations Management