Questions
Consider the assembly line of a laptop computer. The line consists of 10 stations and operates...
Consider the assembly line of a laptop computer. The line consists of 10 stations and operates at a cycle time of 2 minutes/unit. Their most error-prone operation is step 2. There is no inventory between the stations because this is a machine-paced line. Final inspection happens at station 10. What would be the information turnaround time for a defect made at station 2?
In: Other
According to Hersey and Blanchard's situational theory, _____ is the level of the followers' skills and...
According to Hersey and Blanchard's situational theory, _____ is the level of the followers' skills and technical knowledge relative to the task being performed.
charisma
empathy
job maturity
psychological maturity
laissez-faire
Despite the obvious need to understand cultural differences when working internationally, most people around the world embrace the following "core values" with the exception of _______ compassion
fairness
honesty
business sense
respect for others
Juanita was offered a promotion in exchange for a date with her supervisor. She was upset as she had no interest in dating him, yet she agreed because she really wanted the promotion. This is an example of sexual harassment.
social loafing
developmental
quid pro quo
"let me help you"
whistleblowing
In: Other
Go to the Profit & Loss worksheet. Elena has entered most of the income and expense...
- Go to the Profit & Loss worksheet. Elena has entered most of the income and expense data on the worksheet. She estimates revenue will be $825,000 in Year 1 and $1,400,000 in Year 5 of the shuttle service. She needs to calculate revenue for Years 2–4. Revenue should increase at a constant amount from year to year. Project the revenue for Years 2–4 (cells C7:E7) using a Linear Trend interpolation.
- Elena also needs to calculate expenses for payroll and rent for Years 2–5. She knows the starting amount for each expense, and estimates the rent in Year 5 will be $64,000. She expects the payroll expenses to increase by at least 6 percent per year and the rent to increase by a constant rate. Project the expenses for Payroll in Years 2–5 (cells C13:F13) using a Growth Trend extrapolation. Use 1.06 (a 6 percent increase) as the step value. Project the expenses for Rent in Years 2–4 (cells C14:E14) using a Growth Trend interpolation.
In: Other
Ahmad and Bilal carry on business in partnership, sharing profits and losses in the proportion of 2/3 and 1/3 respectively
Ahmad and Bilal carry on business in partnership, sharing profits and losses in the proportion of 2/3 and 1/3 respectively. The Balance Sheet at 31st December, 2006 was as follows:
| Rs. | Rs. | ||
|---|---|---|---|
| Ahmad's Capital | 15,000 | Plant and Machinery | 4,000 |
| Bilal's Capital | 10,000 | Stock | 22,000 |
| Creditors | 2,000 | Debtors | 15,000 |
| Bank Overdraft | 15,000 | Cash | 1,000 |
| 42,000 | 42,000 |
They agreed to admit Saeed into partnership and give him 1/4 share in the profits on the following terms:
(1) Saeed should bring Rs.3,000 for Goodwill and Rs.20,000 as Capital.
(2) The plant and machinery to be reduced by 10 percent, and a provision to be created for bad debts to the extent of Rs.440. The stock to be taken at a valuation of Rs.25,000.
(3) The Capital Accounts of Ahmad & Bilal be adjusted on the basis of their profit sharing ratio.
No account of Goodwill is to be opened in the books of the firm.
Required:
Make Journal Entries to record the above transactions. Also prepare the Partners’ Capital Accounts and Opening Balance Sheet of the new Firm.
In: Other
Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year,...
Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 65. Furthermore, the standard deviation for BX-5 was 7. Ms. Flynn would like to maintain a 95% service level. z=1.65
a) What safety stock level do you recommend for BX-5?
Safety Stock=___ units
b) What is the appropiate reorder point?
Reorder point = ___units
In: Other
The table below provides the time stamps for the 8 people who called a reservation desk...
The table below provides the time stamps for the 8 people who called a reservation desk for a ferry service between 8:00 am and 8:20 am. Based on the data in the table, what is the flow rate of callers?
| Caller | Time in | Time out |
|---|---|---|
| 1 | 8:01 | 8:05 |
| 2 | 8:02 | 8:07 |
| 3 | 8:06 | 8:08 |
| 4 | 8:09 | 8:12 |
| 5 | 8:10 | 8:15 |
| 6 | 8:12 | 8:20 |
| 7 | 8:16 | 8:19 |
| 8 | 8:17 | 8:19 |
In: Other
A customer service manager at a retail clothing store has collected numerous customer complaints from the...
In: Other
Which of the following statements regarding "Six Sigma" is TRUE? A. The Six Sigma program...
Which of the following statements regarding "Six Sigma" is TRUE?
| A. The Six Sigma program was developed by Toyota in the 1970s. |
| B. Six Sigma means that about 94 percent of a firm's output is free of defects. |
| C. The Six Sigma program is for manufacturing firms and is not applicable to services. |
| D. Six Sigma certification is granted by the International Standards Organization (ISO). |
| E. The term has two distinct meanings - one is statistical; the other is a comprehensive quality system. |
In: Other
A community health system’s nurse team consists of 12 nurses working in the local...
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In: Other
A firm practices the pure chase strategy. Production last quarter was 1000. Demand over the next...
A firm practices the pure chase strategy. Production last quarter was 1000. Demand over the next four quarters is estimated to be 900, 700, 1000, and 1000. Hiring cost is $20 per unit, and firing cost is $5 per unit. Over the next year, the sum of hiring and layoff costs will be
In: Other
LaVilla is a village in the Italian Alps. Given its enormous popularity among Swiss, German, Austrian,...
LaVilla is a village in the Italian Alps. Given its enormous popularity among Swiss, German, Austrian, and Italian skiers, all of its beds are always booked in the winter season and there are, on average, 1,200 skiers in the village. On average, skiers stay in LaVilla for 10 days.
A. How many new skiers are arriving – on average – in LaVilla every day?
B. A study done by the largest hotel in the village has shown that skiers spend on average $50 per person on the first day and $30 per person on each additional day in local restaurants. The study also forecasts that – due to increased hotel prices – the average length of stay for the 2014/2015 season will be reduced to five days. What will be the percentage change in revenues of local restaurants compared to last year (when skiers still stayed for 10 days)? Assume that hotels continue to be fully booked!
In: Other
F.J. Brewerton Retailers, Inc., must decide whether to build a small or a large facility at...
F.J. Brewerton Retailers, Inc., must decide whether to build a small or a large facility at a new location in Omaha. Demand at the location will either be low or high, with probabilities 0.4 and 0.6, respectively. If Brewerton builds a small facility and demand proves to be high, he then has the option of expanding the facility. If a small facility is built and demand proves to be high, and then the reatiler expands the facitliy, the payoff is $270,000. If a small facility is built and demand proves to be high, but Brewerton then decides not to expand the facility, the payoff is $223,000.
If a small facility is built and demand proves to be low, then there is not option to expand and the payoff is $200,000. If a large facility is built and demand proves to be low, Brewerton then has the option of stimulating demand through local advertising. If he does not exercise this option, then the payoff is $40,000. If he does exercise the advertising option, then the response to advertising will either be modest or sizable, with probabilities of 0.3 and 0.7 respectively. If the response is modest, the payoff is $20,000. If it is sizable, the payoff is $220,000. Finally, if a large facility is built and demand proves to be high, then no advertising is needed and the payoff is $800,000.
a.) What should Brewerton do to maximize his expected payoff?
b.) What is the value of this expected payoff?
In: Other
The Big Old Company is a global retailer with its headquarters in Chicago and subsidiaries in 50 different countries. Recently
The Big Old Company is a global retailer with its headquarters in Chicago and subsidiaries in 50 different countries. Recently, top management officials at the Big Old Company reached the decision that the firm would benefit from the implementation of a performance management system. To implement the new system, a new strategic HR team has been assembled. Because each of the team members has some prior experience working in a performance management culture, the team knew better than to begin the performance management process before executing a well-designed communication plan.
However, none of the team members have experience in designing or implementing a new performance management system from scratch. Moreover, the team members are also simultaneously involved in other team projects. Not surprisingly, they are quite short on time and thus feel the need to design and carry out the communication plan as soon as possible. As a result, the team has come up with the following communication plan that has been sent to the CEO of the company for final approval before its execution.
“Our communication of the new performance management system will take the format of a lecture/presentation that will be part of the upcoming in-house general management training session for the company’s executives. During the presentation, we will first define the concept of a performance management system. We will then delve deeper into the details of the system by explaining the steps and number of meetings involved. Finally, we will conclude our presentation with a Q & A session.”
1.) After reading the above description of the communication plan, the CEO explained that he did not think that the communication plan would be very effective in promoting user acceptance and satisfaction. Subsequently, the CEO offered two recommendations to improve the communication plan. First, he suggested that the strategic HR team expand and redesign the presentation. Second, he emphasized that there was no evidence of how the HR team would execute the communication plan before and after the planned presentation. Given these two statements, how can the HR team improve the communication plan?
In: Other
An advantage of the fixed-period inventory system is that:A. safety stock will be lower than...
An advantage of the fixed-period inventory system is that:
A. safety stock will be lower than it would be under a fixed-quantity inventory system.
B. there is no physical count of inventory items when an item is withdrawn.
C. no inventory records are required.
D. the average inventory level is reduced. E. orders usually are for smaller order quantities.
In: Other
Refrigerant 134a in a cylinder-piston assembly is at 240 kPa with a quality 15% and then...
Refrigerant 134a in a cylinder-piston assembly is at 240 kPa with a quality 15% and then as a result of heat added the quality increases to 45%, what is the change in volume per one unit of mass (m3/kg)? The piston is assumed to move freely but it is sealed tight that does not allow mass exchange.
In: Other