Please do not give solution in image format thanku 4. Changing Nature of Technology (Engage)Use your knowledge of technology and organizations to answer the following questions.The shift toward a service based economy and mushrooming change in information technology are two areas of technology that affect businessestoday. What is the third?O The growing use of technology for competitive advantageIncreased use of social mediaO Developing technological strategic plansThe Goodyear Tire and Rubber Company is aequipment and molding machines to create tires.because it combines rubber and chemical compounds and uses blendingBreakthroughs inhave resulted in leaner organizations, more flexible operations, increased collaboration amongemployees, more flexible work sites, and improved management processes and systems.

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Please do not give solution in image format thanku Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 35% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,800 loaves per month. Employees are paid $8 per hour. In addition to the labor cost, Charles also has a constant utility cost per month of $800 and a per loaf ingredient cost of $0.40. Current multifactor productivity for 640 work hours per month = 0.271 loaves/dollar…
17 Wants & Needs can be used interchangeably Question 17 options: True False
Please do not give solution in image format thanku Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 45% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,600 loaves per month. Employees are paid $8 per hour. In addition to the labor cost, Charles also has a constant utility cost per month of $600 and a per loaf ingredient cost of $0.50. Part 2 Current multifactor productivity for 640 work hours per month =0.245 loaves/dollar…
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18. Harmful effects that may result from using mediated channels appear to be larger than critics originally claimed. True False
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True or false when telephoning a patient about a deliquent account you may leave a detailed message on answering machine at patients residence
Please do not give solution in image format thanku A logistics provider plans to have a new warehouse built to handle increasing demands for its services. Although the company is unsure of how much demand there will be, it must decide now on the size (large or small) of the warehouse. Preliminary estimates are that if a small warehouse is built and demand is low, the monthly income will be $400. If demand is high, it will have to either expand the facility or lease additional space. Leasing will result in a monthly income of $300 while expanding will result in a monthly income of $700. If a large warehouse is built and demand is low, monthly income will only be $300, while if demand is high, monthly income will be $1000. Assume that the probability that the demand is high is 50% and the probability that the demand is low is 50%. Find EVPI (expected value of the perfect information). a. 50 b. 100 c. 150 d. 200 e. 300

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