A discount appliance store sells iPhones. The store purchases iPhones at a price of $95 per unit. The following information applies to this product.

• Demand = 20 units/day
• Order cost = $56/order
• Annual holding cost = 25% of purchase price
• Desired cycle-service level = 90%
• Lead time = 10 days
• Standard deviation of daily demand = 4 units
• Current on-hand inventory 220 units, with no open orders or back orders

The store operates 52 weeks per year, 6 days per week. It has a continuous inventory review system.

1. What is the annual cost saved by shifting from the 500-unit lot size to the EOQ?

Suppose that the discount appliance store uses a P system instead of a Q system. They order inventory every 12 days.

2. What should T be?
3. How much more safety stock (than with a Q system) is needed?
4. It is time for the periodic review. How much should be ordered?

Required:

11

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1. Explain the concept of employee motivation. Summarise the main needs and
   expectations to be taken into account when considering the motivation of people at work.
   
2. b) What evidence is there in the article that employee award schemes can help meet the needs and expectations of people at work? Explain your answer

c. Explain two motivation theories that you think are most useful for a manager who is
planning an employee award scheme, both to decide what to include in the scheme and
what not to include.

(Total 40 marks)

Question 2

a. Explain how you would justify to a group of sceptical line managers, a high level of financial provision for training.

b. Explain the steps you would take in order to ensure the effective management of training.

(Total 20 marks)

Numerous television shows, advertisements and movies comment on the world of work. Even though work is considered essential in the U.S. culture, it is rarely portrayed as fulfilling and worthwhile. In fact, Americans work up to 8 weeks more per year than Europeans. Americans have the longest work week, with a current average of 47 hours. In many countries, including Italy, Greece, and Spain, a mid-afternoon break is scheduled during the regular workday, in which workers take a few hours off to eat and take a nap. What impact do you think a transition to a more European approach to “work” (work day structure/vacation) would have on the American economy? Factor in the role of capitalism versus other economic structures.

Case in Point: Tim Cook Leads Apple

Tim Cook took the helm of Apple as CEO in 2011 after serving as the company’s Chief Operating Officer. At the time, there were questions regarding how much of Apple’s success was due to its founder, Steve Jobs, and whether anyone could live up to his legacy in terms of financial and innovation success. Since he took over, Cook has had some big successes such as the iPhone 6 which led to record profits in 2014, the Apple Watch, and Apple Pay. In 2018, the company had a market cap of over $920 billion—roughly double that of Exxon Mobile or Microsoft which are both considered major organizations.

It has been written that unlike his predecessor, Steve Jobs, Tim Cook doesn’t crave the spotlight. In fact, he has been described as “one of the nicest and most charitable CEOs out there.” He advises individuals to stay positive and “tune out” the cynics. He argues that if you don’t, “they become a cancer in your mind.” That is not where the differences end, however, between the approaches taken by Tim Cook and Steve Jobs.

Under Cook’s leadership, Apple has taken on more social issues. For example, since Cook took over, Apple began using renewable energy for its operations, stood up to the FBI in defense of user privacy, supported access to education, and advocated for LGBT rights. High school student Rebecca Kahn asked Cook for an interview, and he granted her one. She writes that his “objective in life is to work for some higher purpose.” When asked why she wanted to interview him, Kahn stated, “He is not just in charge of the world's largest tech company, but he personally advocates and stands up for things he believes are right. He travels the world and meets with political and innovative leaders.”

Cook believes in diversity of leadership and leadership approaches. He values transparency, reads customer e-mails (he says they serve to humble you), admits when he’s wrong, and argues that you can only do a few things that rise to the level of “great.” In a speech at the University of Glasgow, Cook had some advice for those in the audience, recommending “You have to find the intersection of doing something you’re passionate about and, at the same time, … is in the service of other people. I would argue that, if you don’t find that intersection, you’re not going to be very happy in life.

Multimedia Extension—Tim Cook Defends Apple’s Encryption Policy

Transcript

Case Discussion Questions

1. What did you know about Tim Cook prior to reading this case? Are you surprised to learn some of these things about his leadership style?

2. Which leadership approaches discussed in this chapter do the best job in explaining his leadership style?

3. Given what you’ve learned about Cook’s leadership style, would you want to work for Apple? Why or why not?

4. Do you think there is a relationship between Cook’s leadership approach and Apple’s success? Explain.

5. What personal characteristics do you think makes Cook an effective leader?

Please help. Thanks

There are four market models: perfect competition, monopolistic competition, oligopoly and monopoly. Briefly discuss the assumptions of each of these four models and give examples of each. Explain the long run economic profit earned by each of the four. Explain how the concept of economic profit might help explain the rationale for the government’s granting of monopolies to those firms that protect their product with a patent.

Please answer in paragraph, no bullet points or numerical and I will rate.

Thank you in advance!

QUESTION 1

1. The combination of knowledge, skills, abilities, and other valuable characteristics among the workforce that determine its productive potential refers to the organization’s…

   		Person-job fit
   		Person-culture fit
   		Performance culture
   		Human capital

QUESTION 2

1. An organization gathers information about what employees do in their jobs and what knowledge, skills, and abilities are required to perform in those jobs. They do this by observing, interviewing, and distributing surveys to employees. They are performing a(n)…

   		Job analysis
   		Employment discrimination analysis
   		Organizational culture analysis
   		Realistic job preview

QUESTION 3

1. One manager interviews a set of job candidates. The manager’s ratings are heavily influenced by the mood that the manager is in. As a result, the same candidate would get different ratings depending on the day he/she was interviewed. This lack of consistency means the interview has low…

   		Social capital
   		Reliability
   		Validity
   		Generalizability

QUESTION 4

1. Job candidates have to perform a simulated job task. Their performance is used to determine whom to hire. Performance on this task is highly relevant to the job and has been shown to predict who performs well. Because of its relevance to the job and predictive power, this employee selection method has high…

   		Social capital
   		Reliability
   		Validity
   		Generalizability

QUESTION 6

1. An employer asks each applicant the same questions verbally and has a standardized scoring sheet to grade each answer. This is a clear example of…

   		An unstructured interview
   		A structured interview
   		An integrity test
   		A work sample

1) What is the aim of hypothesis testing? What does hypothesis testing achieve that could not be otherwise achieved?

2) Research has shown that over half of the decisions made within organizations fail. Does this surprise you? Why or why not? Include research to support your response.

Please help. Thanks

“How good are you at preparing for and reaching for an interview? How do you think you appear to other people in an important interaction?

analyze the process by which U.S. judges are nominated and confirmed. Does this seem like a fair process? What extent does it have on the political lean of the Court, and therefore, on United States law (specifically civil rights and civil liberties)? Cite specific examples. Consider the concepts of judicial activism and judicial restraint in your response

What is your view on "standardized versus localized" advertising? Which do you think is more effective? Why?

1. All forecasts should be rounded to an integer number (regular rounding). Use Excel to do your computations. Each part of the problem should be on a different Excel Sheet/Tab.

Part (a)    Use the 6-period moving average method to forecast for these data and for the first six months of the third year. Compute MSD/E, MAD, MAPE, and Bias.

Due COVID 19 What would be a good supply chain strategy for personal protection equipment?

CAPISM SIMULATION

What are the reasons for expanding or selling capacity? How did your team’s Marketing decisions impact your capacity decisions?

Review the impact the Internet and digital space has had on traditional retail brands

CE10-1. Create a process diagram for the inter-enterprise process that exists to process debit card payments at a grocery store. Create separate swimlanes for the customer, the store, and the customer’s bank. Make necessary assumptions and state them. Include sufficient detail so that your process includes the processing of a PIN.

I will thumbs up for answers that makes sense and are complete. Be through in explaining please.