Questions
(a) What do we mean by a “postponement strategy”? Why can it be an effective strategy...

(a) What do we mean by a “postponement strategy”? Why can it be an effective strategy for a firm engaging mass customization?

(b) Since the 2008 global financial crisis, the B/L (“bill of lading”) of container shipments from Asian factories to the United States (US) has increasingly specified US gateway ports, rather than the local RDCs (regional distribution centers) of final markets, as the stopping points (as opposed to through points). What are the main reasons behind this development, and why?

(c) Following part (b), should the phenomenon happen more often for high-value products or for low-value products? Explain your answer.

In: Operations Management

The average LSAT score (the standardized test required to apply to law school) in the United...

The average LSAT score (the standardized test required to apply to law school) in the United States is µ =150 (σ = 10). Also, the LSAT is normally distributed. Use these parameters to answer the following questions:

  • If someone took an LSAT test and received a 153, what proportion of scores will be less than this?
  • If someone took an LSAT test and received a 143, what proportion of scores will be greater than this?
  • What proportion of LSAT scores will be within the interval of 138 to 172?
  • What proportion of LSAT scores will be outside the interval of 125 to 175?
  • If someone wants to have an LSAT score higher than 90% of all other test-takers, what score do they need to earn?

In: Math

ABC Company sells 2,976 chairs a year at an average price per chair of $161. The...

ABC Company sells 2,976 chairs a year at an average price per chair of $161. The carrying cost per unit is $15.22. The company orders 500 chairs at a time and has a fixed order cost of $101 per order. The chairs are sold out before they are restocked. What is the economic order quantity?

Your friend from Netherlands is planning to visit you in the United States. You estimate the cost of her trip at $5,410. What is the cost to her in euros if 1 Euro = $1.4001

You can exchange $1 for either C$1.2931 or ¥138.07. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for ¥ per C$.

In: Finance

In 1992, Association of Southeast Asian Nations Free Trade Area (AFTA) was applied by eliminating tariffs...

In 1992, Association of Southeast Asian Nations Free Trade Area (AFTA) was applied by eliminating tariffs and non-tariff barriers between the member countries. The original members were Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand. knowing that:

  • Brunei needs to import Cereal (Cereal is a homogenous good).
  • The best exporter for Cereal that is United States (the price per ton is $8).
  • Brunei can import Cereal from Indonesia (the price per ton is $12).
  • Brunei imposed a specific tariff on its imports of Cereal accounts for $6 per ton.

Discuss the impacts of joining AFTA including Brunei and Indonesia on the foreign trade of both of Brunei, Indonesia and USA.     

In: Economics

Former U.S. Secretary of State Lawrence Eagleburger claims that instead of an embargo, a more effective...

Former U.S. Secretary of State Lawrence Eagleburger claims that instead of an embargo, a more effective way to bring democracy to Cuba and other repressive nations would be to increase their exposure to the United States and other industrialized nations through trade and travel. Others claim, however, that governments that choose to violate human rights, expropriate private property, etc. must not be economically rewarded. Write a short essay that discusses the tension that frequently accompanies the use of economic means to achieve political ends. The reader of your essay should gain a solid illustration of the business uncertainties and business opportunities created by governmental trade policies.write down minimum 350 words.

In: Economics

Please answer all four (4) questions utilizing textbook, and independent research if necessary. Provide 'complete answers'...

Please answer all four (4) questions utilizing textbook, and independent research if necessary. Provide 'complete answers' to the questions - indicating your knowledge of the subject matter supported by specific details and examples. All sources MUST be cited.  

Question 1. What is meant by the term sovereignty? Why is it significant in international law?

Question 2. Define the most-favoured-nation rule and describe two exceptions to the rule that are allowed by the GATT.

Question 3. What are the two main side agreements established under NAFTA? Describe their impact on trade between Canada, United States and Mexico.

Question 4. What is Brexit? What are some of the reasons behind Brexit?

In: Economics

ou are part owner in a small, reputable, and profitable office supply distributor. After 3 years,...

ou are part owner in a small, reputable, and profitable office supply distributor. After 3 years, you have grown to 90 employees and delivery office supplies across the south central region of the United States. Since sales have tripled, the manual systems currently in place are not working well enough to continue this pace of company growth.

In your 1st post, tell what enterprise software system you think your company should implement first? Make a case for why your choice is the correct one including why it is more important at this time than other systems. Your case should include multiple arguments or reasons.

In: Operations Management

Mark whether the statement is an example of a directive or a directive with collective sanction....

Mark whether the statement is an example of a directive or a directive with collective sanction. A parent telling their child to clean their room. One person blackmailing another person Asking a server in a restaurant to bring you more napkins. Stating "I do" during marriage vows. The phrase "please stand for the national anthem" before a baseball game The sentence "I will faithfully execute the Office of President of the United States, and will to the best of my ability preserve, protect, and defend the constitution [. . .]"

A supervisor telling an employee to "manage the front desk." A friend asking "Are you going to be around this weekend. I need someone to watch my dog" A. directive B. directive with collective sanction

In: Operations Management

When China’s clothing industry expands, the increase in world supply lowers the world price of clothing....

When China’s clothing industry expands, the increase in world supply lowers the world price of clothing. a- Draw an appropriate diagram to analyze how this change in price affects consumer surplus, producer surplus, and total surplus in a nation that mostly imports clothing, such as the United States. b- Now draw an appropriate diagram to show how this change in price affects consumer surplus, producer surplus, and total surplus in a nation that exports clothing, such as the Dominican Republic. c- Compare your answers to parts (a) and (b). What are the similarities and what are the differences? Which country should be concerned about the expansion of the Chinese textile industry? Which country should be applauding it? Explain.

In: Economics

What is it like to age and die in other countries? A few examples have been...

What is it like to age and die in other countries? A few examples have been provided in the learning activities, but for this discussion you will be tasked with researching how a culture of your choosing views aging and dying. Choose a country and search the web for facts about what it’s like to age and die in a country or culture of your choosing. Then, in your initial post, respond to each of the following:

Provide a brief description of the country or culture you chose. How does religion and/or culture influence how the country or culture views aging and death? What are their views on medicine and treatment of the aging? Compare this to how we treat our aging population and death and dying in the United States.

In: Psychology