Questions
Distinguish between price discrimination and non-price discrimination. Under which market structure is each of them more...

Distinguish between price discrimination and non-price discrimination. Under which market structure is each of them more likely use? Why?

In: Economics

a. List the title of the piece (it must be written in the 1950s) Where Have...

a. List the title of the piece (it must be written in the 1950s)

Where Have All the Flowers Gone or (Move On Up a Little Higher for Mahalia Jackson)

b. List the American who wrote and/or performed it
The Kingston Trio
c. Briefly describe the connection of this musical work to a racial, social, or economic issue IN THE UNITED STATES in the 1950s.

Please answer c.

In: Economics

The workload in many areas of bank operations has the characteristics of a nonuniform distribution with...

The workload in many areas of bank operations has the characteristics of a nonuniform distribution with respect to time of day. For example, at Chase Manhattan Bank in New York, the number of domestic money transfer requests received from customers, if plotted against time of day, would appear to have the shape of an inverted U curve with the peak around 1 P.M. For efficient use of resources, the personnel available should, therefore, vary correspondingly. A variable capacity can be achieved effectively by employing part-time personnel. Because part-timers are not entitled to all the fringe benefits, they are often more economical than full-time employees. Other considerations, however, may limit the extent to which part-time people can be hired in a given department. The problem is to find an optimum workforce schedule that would meet personnel requirements at any given time and also be economical. Some of the factors affecting personnel assignment are listed here:

  1. By corporate policy, part-time personnel hours are limited to a maximum of 40% of the day’s total requirement.
  2. Full-time employees work for 8 hours (1 hour for lunch included) per day. Thus, a full-timer’s productive time is 35 hours per week.
  3. Part-timers work for at least 4 hours per day but less than 8 hours and are not allowed a lunch break.
  4. Fifty percent of the full-timers go to lunch between 11 A.M. and noon, and the remaining 50% go between noon and 1 P.M.
  5. The shift starts at 9 A.M. and ends at 7 P.M. (i.e., overtime is limited to 2 hours). Any work left over at 7 P.M. is considered holdover for the next day.
  6. A full-time employee is not allowed to work more than 5 hours overtime per week. He or she is paid at the normal rate for overtime hours—not at one-and-a-half times the normal rate applicable to hours in excess of 40 per week. Fringe benefits are not applied to overtime hours.

In addition, the following costs are pertinent:
1. The average cost per full-time personnel hour (fringe benefits included) is $10.11.
2. The average cost per overtime personnel hour for full-timers (straight rate excluding fringe benefits) is $8.08.
3. The average cost per part-time personnel hour is $7.82.

The personnel hours required, by hour of day, are given in the following Table.

TABLE: Workforce Requirements

NUMBER OF PERSONNEL TIME PERIOD REQUIRED
9–10 A.M. 14
10–11 25
11–12 26
12–1 P.M. 38
1–2 55
2–3 60
3–4 51
4-5 29
5-6 14
6-7 9


The bank’s goal is to achieve the minimum possible personnel cost subject to meeting or exceeding the hourly workforce requirements as well as the constraints on the workers listed earlier.

Discussion Questions:
1. What is the minimum-cost schedule for the bank?
2. What are the limitations of the model used to answer question 1?
3. Costs might be reduced by relaxing the constraint that no more than 40% of the day’s requirement be met by part-timers. Would changing the 40% to a higher value significantly reduce costs?

Source: Adapted from Shyam L. Moondra. “An L. P. Model for Work Force Scheduling for Banks,” Journal of Bank Research (Winter 1976): 299–301.

Label your completed file CS1 - Your Team's Name (Team A, B, or C) and upload it to Case Study 2 assignment. You do not need to write many words, but you do need to answer all the questions above. If you do not address those three questions in particular, points will be deducted. Question 1 has 50 points, Question 2 has 20 points and Question 3 has 30 points. Upload your file to this Case Study assignment.

Hint: For Question 3, please choose a hypothetical higher number, say 45% or 50%, to illustrate your analysis and conclusion. You also need to explain why. In some cases, you may use the "QM for Windows" software (rather than Excel QM) to obtain the LP diagram to support your finding. After solving your LP program, you may click on "Windows" and the select "Graphs" to get to the graph output. You may then copy and paste any graph into your word document. However, this option may not work in all cases. Please discuss why.

In: Operations Management

how would you explain racial disparity in the criminal justice systems?

how would you explain racial disparity in the criminal justice systems?

In: Psychology

Business class 3. Interrogatories, Depositions, Requests for Production of Documents are all forms of:             a....

Business class

3. Interrogatories, Depositions, Requests for Production of Documents are all forms of:

            a. discovery;

            b. pleadings;

            c. alternative dispute resolution(ADR);

            d. jury instructions.

4. A party asks the court to make a ruling by making a ______________.

            a. motion;

            b. subpoena;

            c. petition;

            d. summons.

5. The testimony of a witness or party is taken during this proceeding:

            a. hearing;

            b. investiture;

            c. interrogatory;

            d. deposition.

6. When Plaintiff’s attorney proves that his/her client is entitled to recovery if no defense is offered, the attorney has established what?

            a. a prima facie case.

            b. a default;

            c. grounds for appeal;

            d. conditional liability.

7. The jury’s decision, announced in court after deliberation, is known as the:

            a. judgment;

            b. verdict;

            c. sentence;

            d. jury’s decision.

8. When the victim of a defamatory statement is a public figure:

            a. the elements of the tort of defamation are exactly the same;

            b. the public figure has no right to sue for defamation;

            c. the public figure can only sue business or political enemies or defamation;

d. the public figure is also required to prove actual malice; that is, the Defendant made the defamatory statement knowing the statement was false.

In: Finance

Τhe P/E (price to earnings) ratio show us the expected price of a stock based on...

Τhe P/E (price to earnings) ratio show us the expected price of a stock based on its earnings. Investors tend to invest in a company with a high P/E ratio and buy its shares. On the other hand, reported earnings are often reconstructed by the companies by using some accounting techniques in order to attract investors. Which are those accounting techniques which can artificially help companies change the P/E ratio trend line?

In: Accounting

(400-500 words) Globalization is a revolution that rivals the Industrial Revolution in scope and significance but...

(400-500 words)

Globalization is a revolution that rivals the Industrial Revolution in scope and significance but has taken place over a few decades rather than over a century which effect to complex result to the extent of defeating the already achieved developments. Discuss the advantages and disadvantages of globalization and also illustrate the countries that affects most and why?

In: Economics

USING LETTER FROM A BIRMINGHAM JAIL- MLK 1. Was Dr. King effective in achieving his purpose...

USING LETTER FROM A BIRMINGHAM JAIL- MLK

1. Was Dr. King effective in achieving his purpose for his given audience? What would you have done differently to improve his chances of efficacy? What would have been a worse response in your mind? Find moments in the text to support your claims.

In: Psychology

Consider a typical electronic device manufacturing Organization: a) Describe Sales Cycle in such an organization in...

Consider a typical electronic device manufacturing Organization:

a) Describe Sales Cycle in such an organization in terms of transaction processing

. • Identify at least three pieces of information required between each sequential pair of transactions (activities of the cycle)

IMPORTANT********Note: You also use a diagram to list the activities and the information passed between activities.*********

In: Computer Science

the corona pandemic is an unprecedented event that has affected our lives in an extraordinary way....

the corona pandemic is an unprecedented event that has affected our lives in an extraordinary way. we can see it effects on our economy as well. due to the pandemic majority of the stock prices are plummeting. savers who are holding these stocks are observing major declines in the value of their portfolios. can savers have better outcomes in their stock market portfolios by changing the stocks they own? What would efficient market hypothesis says about this? Start with explaining clearly what efficient market hypothesis is.

In: Economics

Angelica Augustine has successfully completed the culinary program at Niagara College. She has an intense desire...

Angelica Augustine has successfully completed the culinary program at Niagara College. She has an intense desire to open a restaurant somewhere in Ontario in order to showcase her exceptional cooking talent. Your task is to share with Angelica some basic principles of managing a business by convincing her that she will need to wear two hats: a chef’s hat and a manager’s hat! In your properly formatted emailed response to her, explain the functions of management, the types of basic skills that managers need, the importance of conducting a SWOT analysis and the need to understand contingency planning and crisis management. Be sure to format your response using proper business email etiquette and provide examples in your answer that will allow Angelica to understand the concepts.

In: Operations Management

Exercise 21A-1 a Splish Brothers enters into an agreement with Traveler Inc. to lease a car...

Exercise 21A-1 a Splish Brothers enters into an agreement with Traveler Inc. to lease a car on December 31, 2016. The following information relates to this agreement. 1. The term of the non-cancelable lease is 3 years with no renewal or bargain purchase option. The remaining economic life of the car is 3 years, and it is expected to have no residual value at the end of the lease term. 2. The fair value of the car was $14,730 at commencement of the lease. 3. Annual payments are required to be made on December 31 at the end of each year of the lease, beginning December 31, 2017. The first payment is to be of an amount of $5,452.82, with each payment increasing by a constant rate of 5% from the previous payment (i.e., the second payment will be $5,725.46 and the third and final payment will be $6,011.73). 4. Splish Brothers’ incremental borrowing rate is 8%. The rate implicit in the lease is unknown. 5. Splish Brothers uses straight-line depreciation for all similar cars. (a) Prepare Splish Brothers’ journal entries for 2016, 2017, and 2018.

(Credit account titles are automatically indented when the amount is entered. Do not indent manually. For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 2 decimal places, e.g. 5,275.25.)

Date    Account Titles and Explanation    Debit Credit

12/31/16

12/31/17

(To record interest expense)

12/31/17

(To record amortization of the right-of-use asset)

12/31/18

(To record interest expense)

12/31/18

(To record amortization of the right-of-use asset)

In: Accounting

(400-500 words) How is sustainable development directly related to the way environment is treated, and also...

(400-500 words)

How is sustainable development directly related to the way environment is treated, and also explain why is poverty of developing countries often related to the unwise use of the environment?

In: Economics

(150-300 words) Of the factor that influences globalization, liberalization of trade is more of a recommendation...

(150-300 words)

Of the factor that influences globalization, liberalization of trade is more of a recommendation to the south not only to control their market but also to dictate their political strategy. Why and explain

In: Economics

How would the velocity of sound change on the moon?

How would the velocity of sound change on the moon?

In: Physics