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!
In: Operations Management
QUESTION 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 |
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Person-culture fit |
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Performance culture |
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Human capital |
QUESTION 2
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 |
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Employment discrimination analysis |
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Organizational culture analysis |
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Realistic job preview |
QUESTION 3
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 |
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Reliability |
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Validity |
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Generalizability |
QUESTION 4
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 |
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Reliability |
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Validity |
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Generalizability |
QUESTION 6
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 |
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A structured interview |
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An integrity test |
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A work sample |
In: Operations Management
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
In: Operations Management
“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?
In: Operations Management
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
In: Operations Management
What is your view on "standardized versus localized" advertising? Which do you think is more effective? Why?
In: Operations Management
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.
Month (t) | Model 3 A(t) |
1 | 148 |
2 | 125 |
3 | 78 |
4 | 53 |
5 | 25 |
6 | 29 |
7 | 9 |
8 | 68 |
9 | 84 |
10 | 110 |
11 | 147 |
12 | 120 |
13 | 147 |
14 | 109 |
15 | 96 |
16 | 70 |
17 | 42 |
18 | 36 |
19 | 34 |
20 | 28 |
21 | 71 |
22 | 102 |
23 | 103 |
24 | 144 |
In: Operations Management
Due COVID 19 What would be a good supply chain strategy for personal protection equipment?
In: Operations Management
CAPISM SIMULATION
What are the reasons for expanding or selling capacity? How did your team’s Marketing decisions impact your capacity decisions?
In: Operations Management
Review the impact the Internet and digital space has had on traditional retail brands
In: Operations Management
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.
In: Operations Management
What three recommendations would you have for traditional retail brands to survive in the increasingly digital and online world?
In: Operations Management
Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to eleven. The president of Kolkmeyer asked for a study of the need to add a second employee to the repair operation. The arrival rate is 0.05 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.6 machines per hour.
P0 |
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Lq |
= |
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L |
= |
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Wq |
= hours |
|
W |
= hours |
P0 |
= |
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Lq |
= |
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L |
= |
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Wq |
= hours |
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W |
= hours |
Cost of two employees system: $
From an economic point of view,
should handle the machine repair operation.
In: Operations Management
What are the strategically relevant components of the U.S. and global craft beer industry macro-environment? Prepare a PESTEL analysis to support your answer
In: Operations Management
Explain the norms associated with emotion management in work settings then provide an example of what you consider to be an inappropriate display of positive or negative emotion and an example of an appropriate display of positive or negative emotion you have observed in a work or volunteer organizational setting
In: Operations Management