Organizational Structure (choose the right answer) a. largely dictates how objectives and policies will be established b. Dilutes the resources quickly. c. are rigid that cannot be changed d. provides guidance to strategies.
Q: Example 21.4 Calculate expected opportunity loss from the following payoff table: Payoff Table Event…
A: This will be done in two steps. step 1 - find opportunity loss for each action step 2 - multiple…
Q: How can goals be more effective in motivating behavior?
A: Goal-setting theory of motivation is introduced by Edwin Locke in the 1960s. This theory states that…
Q: noluing cost is $2.00 per unit per year. housing Manager estimates at the ordening a. Calculate the…
A: Economic order quantity is the optimal order quantity that a company should purchase so that the…
Q: 6000 units of a part are needed every year. Currently, this part is manufactured internally. Each…
A:
Q: a bottleneck? In certain cases, endurance testing might identify the kind of errors that have been…
A: Bottleneck
Q: H3 . Why is it important to keep potential output (Yn) steadily increasing over time?
A: Output refers to the overall production by the firm by employing all its resources and materials in…
Q: Identify different options for reducing the costs of a project and discuss.
A: Project cost is the cost incurred by using different resources and materials throughout the project…
Q: Name one disadvantage of using arbitration to settle labor disputes and explain your reasoning.
A: Arbitration is process of dispute settlement by the parties in which the parties submit there…
Q: Using and a shipping quantity of units is the lowest cost alternative, with annual total costs to…
A: Given information:Annual Demand (D) = 60,000 unitsNumber of weeks = 250 daysDaily Demand (d) =…
Q: In a business setting operating under demand uncertainty with an average annual demand of 500 and a…
A: Note: We are allowed to do one question only at a time. Safety stock is the buffer inventory that…
Q: Work Study and Measurements Enumerate 5 system that can apply in Process Improvement.
A: Process improvement is an exercise to find ways to make the current process faster, structured and…
Q: a) Create the AoA diagram for activiies A thru K, in the proper AaA format as discussed in the PM…
A: The critical path can be determined by drawing the networks in two ways: Arrow to Arrow (AOA) and…
Q: The monthly sales for Yazici Batteries, Inc., were as follows:
A: The monthly sales data can be plotted as below:
Q: Work Breakdown Structure (WBS) is defined as deliverable-oriented of project elements that…
A: The work breakdown structure (WBS) outlines the project's scope and divides it into components that…
Q: e assignment m ormation. Con
A:
Q: guidline principle c
A: EICC code
Q: Baggage check-in in 45 seconds flat! Bengaluru’s Kempegowda International Airport makes this dream a…
A: Airport operations encircle all the processes involved in an airport to make sure that passengers…
Q: Why is culture so important in the study of business ethics?
A: Culture refers to ways in which a human being spends its life along with it the art and the beliefs…
Q: If five firms were emitting toxic effluent into a hazardous waste site, and the Environmental…
A: Where two or more persons are liable for the same liability, there are three most common law legal…
Q: Several major retailers have begun to test the extreme markdown strategy that lies behind popular…
A: Promotional strategy is described as the approach through which companies sell, promote, and…
Q: Question 40 A company buys medium grade carpet in 100-foot rolls. The average number of defects per…
A: Given data: The average number of defectts per roll ( λ ) = 1.8 The formula for the Poisson…
Q: Give reasons why does method analyses are needed and how is methods analysis relates to productivity…
A: Method analysis:- Method analysis can be defined as the process of identifying and evaluating the…
Q: Would offering telecommuting as an option benefit a medical billing company? How?
A: Telecommuting is a method of working without going to fixed place or office in modern terms it is…
Q: 4. The selection and recruitment process is important in moving an organization forward. Explain the…
A: Recruitment and selection are two different methodology used to find the candidate for filling the…
Q: With reference to the Total Cost of Quality, there are four (4) major cost categories: Prevention,…
A: The Total Quality Cost includes all investments in defect prevention, product testing to assure…
Q: Explain why measurement and assessment are important to staffing.
A: Staffing refers to a process of assigning duties and responsibilities to the various employee in the…
Q: Explain the steps of decision-making process using an example. What is the difference between…
A: Decision-making is the process of choosing the best alternative from the different options given.
Q: National Express Parcel Service has established various truck and air routes over which it ships…
A: Find the Given details below: Given details: To From 1 2 3 4 5 6 7 1 0 6 5 0 0 0 0 2…
Q: 1.1.6 A company produces four products: W_1, W_2, W_3, and W_4. Two of the many inputs used in the…
A: Max Z = 2 W1 + 2W2 + 1W3 + 3W4 subject to 5W1 + 2W2 + 1.5W3 + 2W4 <= 90000 2W1 + 2W2 +…
Q: You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have…
A: A bid is described as an offer that is made by any firm or an individual during a purchase of an…
Q: what are some of the challenges you would expect a project manager to experience in maintaining…
A: Project management can be stated as the approach of handling and leading a team to obtain the…
Q: Make an on-line research on construction project organizational structures, select a construction…
A: A construction company’s organizational structure involves arrangement and reporting of job roles…
Q: Explain the steps involved in conducting a time study,and discuss any difficulties you might…
A: "The art of watching and measuring the time required to accomplish each detailed piece of an…
Q: Q1: A manufacturer wishes to determine how to produce two products A and B, so as to realize the…
A: Here, It is an LP problem, so, we would formulate the Lp model, this is written below: Decision…
Q: The objectives of scheduling include all of the following except: A. Increased inventories in order…
A: Scheduling refers to arranging and balancing the resources of an organisation in an effective means…
Q: Asking the question, "How favorably do people feel toward the facility?" is useful in understanding
A: The people prefer or will be favorable toward the facility of the organisation's preferred market…
Q: Time Activity Predecessors (Weeks) 4 А 2 C A D В 6. E 2 F D,E 3 What is the duration of the critical…
A: The project network is the network that shows the visual form of the project activities and their…
Q: Below is the network diagram from a project: B(2) D(5) A(2) F(3) C(5) E(3) What is the slack for…
A: A project network is the visual representation of the project activities and their respective…
Q: State and describe some of the limitations of time study method ?
A: Time study is about the evaluation of the amount of time that is needed to conduct a specified task.…
Q: production costs $50. The cost of each light is $1. The holding cost is $0.10 per light a. What is…
A:
Q: the negative impact in employees who are not motivated intrinsically.
A: Motivation is a psychological phenomenon in which the employees are boosted and energised to perform…
Q: Speedy Lube has only one bay in which to change oil. The estimated arrival rate is 3 customers per…
A: Service rate is the rate at which the customers are being served by the workers in an organisation.
Q: Original Row Reduction Truck 1 2 3 4 5 E A 4 6 7 5 6 A B 5 4 3 25 B Route C 9 8 10 5 53 3 Route C D…
A: No. of assignments= no. of rows (optimality reached)
Q: An explanation of importance of the quality and identification of atleast one cost of quality for…
A: Quality is the ability to manufacture the products and services as set standards and increase…
Q: Explain how you will develop a management information system to collect, store, update, process…
A: The backbone of an organization's operations is a computer system comprised of hardware and software…
Q: (a) An art dealer's client is willing to buy the Sunflower painting at $50,000. The dealer can buy…
A: The question demands to make a decision tree and determine the strategy that will maximize the…
Q: the project management lifecycle. Ensure you cover the key aspects such as: i.initiating process…
A: What is the Project Management Life Cycle? It's possible to think of the project life cycle as a set…
Q: You are asked to analyze the kanban system of LeWin, a French manufacturer of gaming devices. One…
A:
Q: What type of information system is shown in McDonald’s commercials where food ordering is done…
A: McDonald's is one of the world largets franchisee business operating currently and it has very broad…
Q: What are four criticisms and caveats to bear in mind as you develop a project activity network?
A: The Project Activity Network (PAN) has recently become a popular method of analyzing projects, but…
7
Organizational Structure (choose the right answer)
a. largely dictates how objectives and policies will be established
b. Dilutes the resources quickly.
c. are rigid that cannot be changed
d. provides guidance to strategies.
Step by step
Solved in 2 steps
- 1. A business's _____ defines the present business scope and broadly describes an organization's present capabilities, focus, and activities. a. Budget b. Policy c. operational plan d. mission statement 2. Financial planning involves: a. estimating income and expenses. b. choosing a product to sell. c. selecting the type of business to enter. d. deciding the kind of franchise to buy. 3. Matt plans to open a convenience store. The startup cost is approximately $10,000. Since Matt has only $2,500 with him, he decides to invite two of his friends—Brett and Brian—to join him in this venture. In this scenario, who should be in charge of writing the business plan? a. Only Brett and Brian, since they are contributing 75 percent of the initial investment b. Matt, Brett, and Brian, since it is always a team effort c. Whoever has paid the biggest share of the startup cost d. Matt alone, since it was primarily his business plan 4.…he strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. c. a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.Planning function will provide the following EXCEPT O a. Planning provides list of programs O b. Planning ensures that the company will not experience natural disasters. O c. Planning guide managers what to do next O d. Planning gives some purpose to managers
- 1. A mission statement is: A. A statement of the company's purpose B. Legally required C. Also called a divisional statement D. A company's viable view of the future 2. A service is: A. A tangible item B. An intangible item C. A good D. All of these 3. Middle managers: A. Are commonly referred to as executives B. Deal with operational issues C. Typically have the title "director" or "manager" D. Deal with strategic and tactical issues1. sets out the purpose and general direction for the organization? A. Vision B. Purpose statement C. Mission statement D. Profit statement 2. Which of the following would most effectively act as the primary objective of a business organization? A. To communicate with shareholders. B. To make a profit. C. To mediate between the organization and the environment. D. All of the above. 3. What is the purpose of a balanced scorecard? A. To relate business performance to financial measures. B. To measure contribution of people to business growth. C. To relate business performance to customer satisfaction. D. To combine a range of qualitative and quantitative indicators of performance. 4. Which of the following does the term Corporate Social Responsibility relate to? A. Environmental practice. B. Ethical conduct. C. Human rights and employee relations. D. All of the above. 5. Who are organizational stakeholders? A. Employees B. Government C. Customers D. All of the above. 6. What is Ethics to…1. This is the beliefs that guide or shape an organization’s attitudes and activities. a.Vision b.Goals c.Mission d.Values 2.This is the general aspiration that an organization wants to achieve. a.Vision b.Goals c.Mission d.Values 3.This is the process that focus on identifying significant external threats and opportunities. a.SWOT Analysis b.Enterprise Risk Management c.Environmental Scanning d.Risk Analysis
- 84. One reason for developing ________ is that the firm must be nimble in responding to bad publicity resulting from product tampering or failure, ethical or legal misconduct of an officer, or some other aspect of operation that garners bad press. A. Mission statements B. Forecasting C. Press releases D. Contingency plans E. Alternative company names 85. Every marketing plan includes an implementation element. These are sometimes called ________. A. Strategic plans B. Marketing programs C. Value propositions D. Action plans E. Marketing channels 86. Implementation elements, or action plans, should include ________. A. Timing B. A way to measure results C. The identity of the responsible person D. The identification of resources needed E. All of these 87. One part of a marketing plan should identify what to do if things go wrong. This section is called ________. A. Contingency planning B. Strategic planning C. Marketing metrics D. Action plans E. Marketing…17- Which statement is not true regarding planning? a. Plan is always prepared only by the top level managers b. All managers continuously make plans c. Planning is the primary function of management d. Failing to plan is planning to failThe corporate level is where top management directs________. a. Overall sales projections b. Its efforts to stabilize recruitment needs c. All employees for orientation d. Overall strategy for the entire organization
- General guidelines for making decisions or taking action in response to a particular event are known as? a. procedures b. regulation c. policies d. none of the above In organizations, effective planning typically involves: Select one: a. determining or revising the organization's mission and goals b. formulating strategy c. implementing strategy d. all of the aboveWhich of the following is not an advantage of strategic management? a. It provides organizations with a clearer sense of direction and purpose b. It helps improve the political, economic, social, and technological environment of the organization c. It helps orientate management decisions to relevant environmental conditions d. It helps organizations be proactive rather than reactive1. Financial planners work_ a) Independent of other departments c) Only with the production department b) In coordination with all departments d) With inputs only from the top 2. _conveys the ultimate goal of the organization. b) Mission c) Objectives a) Goals d) Vision 3. _defines the nature of the business, and its current business activities to realize its vision. a) Goals b) Mission c) Objectives d) Vision 4. _refers to accounts payable and accruals incurred because of increase in assets other than property, plant and equipment. a) Cost of sales ratio b) Dividend payout ratio c) Retention ratio d) Spontaneous liability 5. Lare specific and short-term directions for the actions to be done to reach the goals. d) Vision a) Goals b) Mission c) Objectives 6. is the portion of earnings that is plowed back to the business. b) Dividend payout ratio a) Cost of sales ratio c) Retention ratio d) Spontaneous liability