There should be a list of the five risk-control approaches, with brief explanations of each.
Q: One inherent risk to using lean principles is that companies are at higher risk of inventory…
A: The concept underlying lean inventory control is based on eradicating unneeded things & more…
Q: Benetton family in the 1960s, the company is now one of the largest garment retailers, with stores…
A: The key operational goals of Benetton's retail operations, physical distribution operation, factory,…
Q: Assume that a customer in the small contractor target market segment buys an electric drill on…
A: Find the Calculation methods below: Value of a loyal customer (VLC) = P*M*R*BLCP - Selling Price…
Q: Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are…
A: Annual demand(D) = 2450 Holding cost(H) = $1.65 Ordering cost(S) = $18.50 Lead time(L) = 2 Working…
Q: In general, when a consultant's fee proposal and the sponsor's independent fee estimate are within…
A: Post development of a detailed scope of services, satisfying the independent fee estimate (IFE), a…
Q: How would you explain to your Project Director about the basic political, geographic, economic, and…
A: Numerous factors influence the level of success achieved during the planning phase of an…
Q: Given the above information, what is the Critical Path of this project? O E-F-I-J O A-D-G-H-J O…
A: Project management is about planning and organizing the resources of the company. These resources…
Q: Ruka construction Company is considering bidding on a contract for a new office building complex.…
A: Find the Calculations methods below: EMV = ∑ (Probability * Payoff) For example: (EMV value of Build…
Q: An important group is interested in acquiring a company, for which reason they request an opinion…
A: EXPLANATION : Shareholders are owners in a company to reap benefits of the business’ success. A…
Q: Given the following Product Structure Record, how many 1/2" screws are required to assemble 60…
A: Given, The table of items with their quantity and levels, we can form a product structure like this:
Q: Post Covid-19 will inevitably change the expectations of the customer in relation to restaurant…
A: The quality of a restaurant's customer service can make or break a business. The food and beverage…
Q: The goal when making the overbooking decision is to maximize supply chain profits by None of…
A: Supply chain management is all about managing supply chain activities effectively. All the…
Q: The expected times and variances for the project activities are given below, critical path is…
A: A network diagram related to the project is which shows the set sequence of the task that is done to…
Q: Write down two strategies for reducing the expense of corrections. What, if any, significance do you…
A: Organizations deal in finance on a daily basis. It tries to save as much as possible so that when…
Q: The upper and lower specification limits for a component are 5.20, and 5.30 ounces, respectively.…
A: Given, LSL = 5.2 USL = 5.3 Standard deviation = 0.05 Average = 5.24
Q: Bike Components Inc. manufactures bicycle wheels. The firm's owner/manager, has just received the…
A: Find the Calculation methods below: Output Forecast = (Regular time production- Demand) + Overtime…
Q: nning. 3b. Explain one (1) of the factors involved in your choice o
A: When we talk about port operations, we're referring to a set of nautical protocols designed to…
Q: A manufacturing firm is considering three potential locations for a new parts manufacturing…
A: Weighted factor rating is the set of criteria of weighted score for each.
Q: Expected Value Standard Deviation Option A 5,000 642 Which option has maximum degree of risk? (A)…
A: Given: For Option A- Expected value = 5000 Standard Deviation = 642For Option B- Expected value…
Q: Suad Alwan, the purchasing agent for Dubai Airlines, has determined that the second plane took…
A: Find the Calculation methods below: Time taken for n unit (Tn) = T1nbn - Unit numberT1 - Time Taken…
Q: In the design stage of its internal control system, an organization considers it essential to…
A: EXPLANATION : An organization can establish specific measures and standards that servers for the…
Q: Brown and Brown Electronics manufactures a line of digital audiotape (DAT) players. The bill of…
A: Instructions and formula used: Projected on hand = Planned order receipts + ending inventory…
Q: What are some of the benefits of offering private labels? Explain and give examples: Your answer
A: Retailers can sell items under their own brand name through the practice of private labeling, which…
Q: A company has 4 plants: Plant 1, Plant 2, Plant 3, and Plant 4. All the plants make the same product…
A: Transportation is a special case of Assignment Linear programming problem. Cost is minimized in…
Q: Manipulation Manufacturing Company uses 1,000 units of Chip annually in its production. Order costs…
A: EOQ is the economic order quantity that company should purchase to minimise its total inventory cost…
Q: Suppose that an organization is engaged in manufacturing and sales of a seasonal product. Based on a…
A: Beginning Inventory = 0Carrying cost =$7For Level production strategy-Production level = Sales per…
Q: If a company "A" has an Inventory Turnover of 6.20 times while their competitor Company "B" has an…
A: Inventory turns, also defined as inventory turnover & inventory turnover ratio, are widely used…
Q: QUESTION 6 (PRODUCT DESIGN: APPLICATION OF DECISION TREE TO PRODUCT DESIGN) A company manufactures…
A:
Q: The factory also implements a Total Productive Maintenance (TPM) program and begins to transfer…
A: Introduction: Total Productive Maintenance: It is a management practice that aims for operational…
Q: er industries can you think of which may be prone to this kind of business model disruption? Where…
A: Consumers can participate in the creation or consumption of commodities, services, and products in…
Q: Need typed answer only.Please give answer withi
A: In order to provide people with something of value, project management makes use of certain…
Q: Based on the following payoff table, answer the following: High Low 90 -10 70 40 Lease 60 55 Prior…
A: ANSWER : For the maximum likelihood, we will choose the state of nature with high…
Q: A 30% Service Level means that OR=dL R>dL > L OR<dL
A: Service level: Service level is defined as, the probability of satisfying the…
Q: A gentleman farmer maniacally works on academic projects to raise funds for his true passion,…
A: Formulae Used: To determine the Expected Time or Expected Duration: Expected time (te)=to+4tm+tp6…
Q: Kinney be superior? relevance of break-even points for these cities? profit? superior (have higher…
A: Formulae used: Exponential smoothing: Ft=α(At-1) + (1-α)Ft-1Where: Ft-1=forecast for the previous…
Q: (b) (d) Calculate the average observed time for this task. Calculate the normal time for this task…
A: Given, Observations and task times in seconds. Observation Task time 1 50 2 54 3 60 4 66…
Q: Use a graphing calculator or a computer program for the simplex method to solve this linear…
A: Given-
Q: 6. (Ch10) Job A B C D E F Process Time (days) 2 8 4 10 5 12 Due Time (days) 7 16 4 17 15 18 Days…
A: Earliest Due Date or (EDD) - under this rule, the job which has the earliest due date is arranged…
Q: The Maytubig Water Company purifies drinking water in Luzon and Mindanao, which it plans to…
A: Given, Information about supply of 2 filtering plants and demands of wholesalers Costs of each…
Q: opportunity to improve efficiency in a company? What, if any, unexpected consequences might such…
A: The idea of continuous improvement, a long-term strategy for work that deliberately strives to…
Q: 63.2/ 63 is incorrect...
A: Formulae used: Observations needed= No. of samples needed for element=SD×z h× xbar 2where, h= is…
Q: A toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The…
A: Given-
Q: How government influence on pricing give organization examples for explanation?
A: Free markets are frequently thought of as having little to no government intervention. In practice,…
Q: Which of the following statements is true about problem-solving? There are six steps of…
A: In general, a problem is perceived as a challenge or roadblock that prevents the formulation or…
Q: The Dubuque Cement Company packs 80-pound bags of concrete mix. Time-study data for the filling…
A: Find the Calculation methods below: Average Observed time = ∑ Observed timeNo. of observationsNormal…
Q: that deal with time series data and describe what type of information that could be learned by…
A: A statistical method known as time series analysis deals with trend analysis and time series data.…
Q: Assume that a customer in the small contractor target market segment buys an electric drill on…
A: Find the Calculation methods below: Value of a loyal customer (VLC) = P*M*R*BLCP − Selling Price…
Q: The Company "Best Engineers Ltd has released the figures shown below for the financial years 2018…
A: Formula to be used: Total quality cost = Prevention Cost + Appraisal cost + Internal Failure cost +…
Q: P4: produce an outline bill of quantity can you please make me an outline bill of quantity using…
A: A Bill of quantity is a purchase document or evidence of material or an item purchased at a specific…
Q: 1.What do the acronyms PERT/CPM represent? Explain why PERT/CPM is such a useful tool for project…
A: Project management is about planning and organizing the resources of the company. These resources…
There should be a list of the five risk-control approaches, with brief explanations of each.
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- You are hired as a consultant by an organization to identify an internal control framework for their implementation. Identify and discuss the components/elements of the Committee of Sponsoring Organizations – Enterprise Risk Management - Integrated Framework (COSO-ERM).How can I explain What are some challenges of risk and quality management? And How can I explain the most difficult challenge to overcome? Why?Explain the “risk assessment process” of a business organization with examples