d.All military programs are required to seek accreditation
In: Operations Management
Read the case study and answer three questions below:
Patti Smith looked up at the bright blue Carolina sky before she entered the offices of Horizon Consulting. Today was Friday, which meant she needed to prepare for the weekly status report meeting. Horizon Consulting is a custom software development company that offers fully integrated mobile application services for iPhoneTM, AndroidTM, Windows Mobile® and BlackBerry® platforms. Horizon was founded by James Thrasher, a former marketing executive, who quickly saw the potential for digital marketing via smartphones. Horizon enjoyed initial success in sports marketing, but quickly expanded to other industries. A key to their success was the decline in cost for developing smartphone applications, which expanded the client base. The decline in cost was primarily due to learning curve and ability to build customized solutions on established platforms. Patti Smith was a late bloomer who went back to college after working in the restaurant business for nine years. She and her former husband had tried unsuccessfully to operate a vegetarian restaurant in Golden, Colorado. After her divorce, she returned to University of Colorado where she majored in Management Information Systems with a minor in Marketing. While she enjoyed her marketing classes much more than her MIS classes, she felt the IT know-how acquired would give her an advantage in the job market. This turned out to be true as Horizon hired her to be an Account Manager soon after graduation. Patti Smith was hired to replace Stephen Stills who had started the restaurant side of the business at Horizon. Stephen was “let go” according to one Account Manager for being a prima donna and hoarding resources. Patti’s clients ranged from high-end restaurants to hole-in-wall mom and pop shops. She helped develop smartphone apps that let users make reservations, browse menus, receive alerts on daily specials, provide customer feedback, order take-out, and in some cases order delivery. As an Account Manager she worked with clients to assess their needs, develop a plan, and create customized smartphone apps. Horizon appeared to be a good fit for Patti. She had enough technical training to be able to work with software engineers and help guide them to produce client-ready products. At the same time she could relate to the restaurateurs and enjoyed working with them on web design and digital marketing. Horizon was organized into three departments: Sales, Software Development, and Graphics, with Account Managers acting as project managers. Account Managers generally came from Sales, and would divide their time between projects and making sales pitches to potential new clients. Horizon employed a core group of software engineers and designers, supplemented by contracted programmers when needed. The first step in developing a smartphone application involved the Account Manager meeting with the client to define the requirements and vision for the application. The Account Manager would then work with a Graphic User Interface (GUI) designer to come up with a preliminary story board of how the application would function and look. Once the initial concept and requirements were approved the Account Manager was assigned two pairs of software engineers. The first pair (app engineers) would work on the smartphone side of the application while the second pair would work on the client side of the application. Horizon preferred to have software engineers work in tandem so they could check each other’s work. The two app engineers would typically work full time on the application until it was completed while the other engineers would work on multiple projects as needed. Likewise, GUI designers would work on the project at certain key stages in the product development cycle when their expertise was needed. The head of Graphics managed the GUI designers’ schedule while the head of Software managed the software engineer assignments. At the end of each project Account Managers submitted performance reviews of their team. The Director of Sales was responsible for the Account Managers’ performance reviews based on customer satisfaction, generation of sales, and project performance. Horizon believed in iterative development, and every two to three weeks Account Managers were expected to demonstrate the latest version of applications to clients. This led to useful feedback and in many cases redefining the scope of the project. Often clients wanted to add more functionality to their application once they realized what the software could do. Depending upon the complexity of the application and changes introduced once the project was under way, it typically took Horizon two to four months to deliver a finished product to a client. Patti was currently working on three projects. One was for Shanghai Wok, a busy Chinese mom and pop restaurant located in downtown Charlotte, North Carolina. The owners of Shanghai Wok wanted Horizon to create a smartphone app that would allow customers to order and pay in advance for meals they would simply pick up at a walk-up window. The second project was for Taste of India that operated in Kannapolis, North Carolina. They wanted Horizon to create a phone app that would allow staff at the nearby bio-tech firms to order food that would be delivered on-site during lunch and dinner hours. The last project was for Nearly Normal, a vegetarian restaurant which wanted to send out e-mail alerts to subscribers that would describe in detail their daily fresh specials. James Thrasher was an admirer of Google and encouraged a playful but focused environment at work. Employees were allowed to decorate their work spaces, bring pets to work, and play ping-pong or pool when they needed a break. Horizon paid its employees well but the big payoff was the annual Christmas bonus. This bonus was based on overall company profits, which were distributed proportionately based on pay grade and performance reviews. It was not uncommon for employees to receive a 10–15 percent boost in pay at the end of the year.
STATUS REPORT MEETING
As was her habit Patti entered the status report meeting room early. David Briggs was in the midst of describing the game-winning catch John Lorsch had made in last night’s softball game. Horizon sponsored a co-ed city league softball team which most of the Account Managers played on. Patti had been coaxed to play to ensure that the requisite number of “females” were on the field. She balked at the idea at first; softball wasn’t really her sport, but she was glad she did. Not only was it fun, but it gave her a chance to get to know the other managers. James Thrasher entered the room and everyone settled down to business. He started off as he always did by asking if anybody had important news to bring to everyone’s attention. Jackson Browne slowly raised his hand and said, “I am afraid I do. I just received notification from Apple IOS that they have rejected our TAT app.” TAT was a phone app that Jackson was the project lead on that allowed subscribers to reserve and see in real time what swimming lanes were available at a prestigious athletic club. This announcement was followed by a collective groan. Before an Apple app could go operational it had to be submitted and approved by Apple. Usually this was not a problem, but lately Apple had been rejecting apps for a variety of reasons. Jackson went on to circulate the list of changes that had to be made before Apple would approve the app. The group studied the list, and in some cases ridiculed the new requirements. Ultimately, James Thrasher asked Jackson how long it would take to make the necessary changes and resubmit the app for approval. Jackson felt it would probably take two to three weeks at most. Thrasher asked who the engineers that worked on this project were. Patti’s heart fell. One of the app engineers who had developed the TAT app was working on her Shanghai Wok project. She knew what was going to happen next. Thrasher announced, “OK everyone, it only makes sense that these engineers are the best ones to finish what they had started so they are all going to have to be reassigned back to the TAT project. Those affected are going to have to get together after this meeting and figure how you are going to replace them.” The meeting then proceeded as planned with all the account managers reporting the status of their projects, and sharing relevant issues with the group.
POST-MEETING
As everyone filed out, Patti looked around to see who else was in her same boat. There were three other Account Managers as well as Jackson Browne. Resource assignments were a reoccurring issue at Horizon given the nature of their work. Horizon had developed a policy where decisions were made based on project priority. Each project was assigned a Green, Blue or Purple designation based on the company priority. Priority status was based on the extent the project contributed to the mission of the firm. The Shanghai Wok project given its limited size and scope was a Purple project, which was the lowest ranking. The list of available software engineers was displayed on the big screen. Patti was only familiar with a few of the names. Leigh Taylor who had the only Green project immediately selected Jason Wheeler from the list. She had used him before and was confident in his work. Tom Watson and Samantha Stewart both had Blue Projects and both needed to replace a mobile app engineer. They both immediately jumped on the name of Prem Mathew, claiming he was the best person for their project. After some friendly jousting, Tom said, “OK, Sam, you can have him; I remember when you helped me out on the Argos project; besides my project is just beginning. I’ll take Shin Chen.” Everyone looked at Patti; she started by saying, “You know, I am only familiar with a few of these names; I guess I’ll go with Mike Thu.” Jackson interjected, “Hey everyone, I am really sorry this happened, and I am sure Mike is a good programmer, but I recommend you work with Axel Gerthoff. I have used him before, and he is a very quick study and a joy to work with.” This was a relief to Patti and she quickly took his advice. They left to submit a report to Thrasher detailing the decisions they each had made and the impact on their projects.
1. How successful was the post-meeting?
2. What factors contributed to the success or failure of this meeting?
3. What kind of project management structure does Horizon use? Is it the right structure? Explain.
In: Operations Management
Explain and evaluate the varying considerations that should be addressed regarding health care facilities and patient experience in the United States - 250 words please
In: Nursing
Problem 12-16
Unequal Lives
Shao Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million and will produce net cash flows of $30 million per year. Plane B has a life of 10 years, will cost $132 million and will produce net cash flows of $27 million per year. Shao plans to serve the route for only 10 years. Inflation in operating costs, airplane costs, and fares is expected to be zero, and the company's cost of capital is 11%.
By how much would the value of the company increase if it
accepted the better project (plane)? Enter your answer in millions.
For example, an answer of $1.2 million should be entered as 1.2,
not 1,200,000. Round your answer to two decimal places.
$ __________________million
What is the equivalent annual annuity for each plane? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to two decimal places.
Plane A | $ _________ million |
Plane B | $ _____________ million |
In: Finance
May. 1 Purchased 600 Clifford Ltd. common shares for £60 per share. This investment is held for trading purposes.
June. 1 Purchased 1,000 bonds of Gladstone Inc. at face-value price of £100 each. These bonds bear interest at 6%, which is paid semi-annually on November 30 and May 31 each year. They were also purchased for trading purposes.
July. 1 Purchased 4,000 Waterloo Corporation common shares for £70 per share. This represents 25% of the issued common shares. Because of this investment, the directors of Waterloo have invited a Brighton’s executive to sit on their board.
Sep. 1 Received a £1-per-share cash dividend from Waterloo Corporation.
Nov. 1 Sold 200 Clifford Ltd. common shares for £63 per share.
Nov. 30 Interest on the Gladstone Inc. bonds was received.
Dec. 15 Received a £0.50-per-share cash dividend on Clifford Ltd. common shares.
Dec. 31 On this date, the fair values per share were £55 for Clifford Ltd. and £73 for Waterloo Corporation. The fair value of the Gladstone bonds was £101 each. Waterloo reported a profit for the year ended December 31, 2019, of £100,000.
Instructions:
In: Accounting
One for the Money…
Does money buy happiness? Several of the 120 employees at Gravity Payments, a credit card processing company based in Seattle, are about to find out.75 The company’s founder, 29-year-old Dan Price, made the news in the spring of 2015 when he decided to bump up the salary of 70 employees to a new “minimum wage” of $70,000. Now, everyone in the company will be making at least $70,000. Some employees at the company, where the average salary was $48,000, doubled their pay, and others got a nice salary increase—probably enough, you’d think, for employees to be pretty happy about! Money = Happiness, or Does It?
Why did Price do it? He said that he had been thinking about employee pay for a while, especially after reading several news reports about the glaring pay disparities between corporate CEOs and employees, which he says struck him as “ridiculous” and “absurd.” Also, Price had read an article on happiness by two Princeton researchers (one a Nobel Prize-winning psychologist) who had surveyed 450,000 U.S. residents on whether money could buy happiness—both as it affected overall happiness but also how it affected day-to-day life. The researchers concluded that people claimed to be happier with each doubling of income but only to a point. But even more interesting was the dollar amount that respondents said would make their daily life more pleasant: about $75,000 a year. Price decided to offer his employees a minimum salary of $70,000. He felt that giving his employees this amount could enable many of them to buy homes and pay for their kids’ educations.
To pay for the salary increase, Price is taking a pay cut from
his annual $1 million salary down to $70,000. Also, the company
will have to use 75 to 80 percent of its profits to help cover the
cost. Some management consultants are questioning the move,
wondering if it will affect employee productivity and pay off in
the long run. Concerns about what happens to employee motivation
include: Will employees be less motivated to work to be promoted to
higher levels of responsibility, and would those employees who put
in additional effort above and beyond their current tasks lose the
incentive to do so (“why should I work harder if we all get the
same pay”). And what happens to the CEO’s motivation—would Price
himself lose the incentive to want to grow the company? Then,
there’s also the question of what happens if the company’s
profitability starts to fall. Only time will tell if such issues
are even relevant.
Discussion Questions
11-14 Look back at the chapter-opening Management Myth and how it was “debunked.” Evaluate this wage decision in light of that.
11-15 Explain each of the employee productivity/motivation concerns. Which of these do you think is most critical? Why?
11-16 Choose one of the contemporary motivation theories discussed in the chapter and write a description of it for Mr. Price, explaining how and why it would be a good alternative for employee motivation.
11-17 What problem(s) might managers face under this new pay approach and how could they use knowledge about employee motivation to help them deal with those problem(s)?
In: Operations Management
Compare and contrast conflict theory with structural functionalism. Pay special attention to the way that each theory treats the origin of social change.
In: Psychology
Write a Java program to do the following USING ARRAYS
1) input 15 integers (input validation, all numbers must be between 0 and 100)
2) find the largest number.
3) Find the Smallest Number
4) Find the Sum of all numbers in the Array
Display:
Largest Number
Smallest Number
Sum of all numbers
the original Array
DO NOT USE METHODS OR FUNCTIONS
In: Computer Science
Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are the specialty of his shop. Famous Albert has asked for help to determine the number of cookies he should make each day. From an analysis of past demand, he estimates demand for cookies as
DEMAND | PROBABILITY OF DEMAND | |
1,800 | dozen | 0.05 |
2,000 | 0.08 | |
2,200 | 0.29 | |
2,400 | 0.28 | |
2,600 | 0.13 | |
2,800 | 0.04 | |
3,000 | 0.13 | |
Each dozen sells for $0.69 and costs $0.46, which includes handling
and transportation. Cookies that are not sold at the end of the day
are reduced to $0.29 and sold the following day as day-old
merchandise.
a. Compute the expected profit or loss for each
cookie making decision quantity. (Round your answer to the
nearest whole number. Enter expected losses with a negative
sign.)
|
b. Based on your answers to part a., what is the
optimal number of cookies to make?
c. By using marginal analysis, what is the
optimal number of cookies to make?
In: Operations Management
USE C++ for the program and kindly keep it as simple as possible , use recursion and do not use loops please keep program simple and comment if possible
Suppose you have been given the task to design a text editor
which will take any
multiline text from user and then display the statistics like total
number of characters i.e.,
characters_count (excluding the white space and punctuations),
words_count, and
redundant_words_count. Create a structure named Text_Editor
having four type members
namely inserted_text (of type string), characters_count (of type
unsigned int),
words_count (of type unsigned int), and redundant_words_count (of
type unsigned int).
The structure should also have member functions namely Insert_Text(
) for obtaining the
multiline text from user and assigning to input_text
member-variable. End of text insertion
should be specified by ‘#’ character. Moreover, there should be a
separate member-function
of the created structure named Count_Ch( ), Count_Words( ),
and
Count_Redundant_Words( ) that should process the input text in
order to calculate and
print the relevant statistics. All these different tasks are to be
implemented using recursion
technique.
In: Computer Science
Suppose you are going to receive $21,500 per year for five years. The appropriate interest rate is 7 percent. |
a-1. |
What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
a-2. | What is the present value of the payments if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b-1. | Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b-2. | What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
c-1. | Which has the higher present value, the ordinary annuity or annuity due? |
c-2. | Which has the higher future value? |
In: Finance
The publisher Elsevier uses mixed-bundling pricing strategy. The
publisher sells a university access to a bundle of 930 of its
journals for $1.7million for one year. It also offers the journals
separately at individual prices. Because Elsevier offers the
journals online (with password access), universities can track how
often their students and faculty access journals and then cancel
those journals that they seldom read.
Suppose that a publisher offers a university only three journals –
A, B and C – at the unbundled, individual annual subscription
prices of pA = $1,600, pB = $800, and pC = $1,500. Suppose a
university’s willingness to pay for each of the journals is vA =
$2,000, vB = $1,100, and vC = $1,400.
a) If the publisher offers the journals only at the individual subscription prices, to which journals does the university subscribe?
b) Given these individual prices, what is the highest price that the university is willing to pay for the three journals bundled together?
c) Now suppose that the publisher offers the same deal to a second university with willingness to pay vA = $1,800, vB = $1,000, and vC = $2,100. With the two universities, calculate the revenue-maximizing individual bundle prices.
In: Economics
Why do you feel that there is so much of a focus on a citizen’s “fear of crime”?
Many times citizens have an unrealistic fear of crime. The citizen’s actual chances of being a victim of crime are fairly low. What are your thoughts on using police resources to confront an unrealistic fear of crime vs. using police resources to address real crime problems?
In: Psychology
Cost of Trade Credit
Grunewald Industries sells on terms of 3/10, net 60. Gross sales last year were $4,385,500 and accounts receivable averaged $466,000. Half of Grunewald's customers paid on the 10th day and took discounts. What are the nominal and effective costs of trade credit to Grunewald's nondiscount customers? (Hint: Calculate daily sales based on a 365-day year, calculate the average receivables for discount customers, and then find the DSO for the nondiscount customers.) Do not round intermediate calculations. Round your answers to two decimal places.
In: Finance
Q1: Classify and find the general solution of the following differential equations: dy 1. x+ y-In x = 0 dx 2. y" - y' +y = 2 sin 3x.
In: Mechanical Engineering