Week 5 discussion Answer/discuss the following questions:1. We currently have a minimum wage inthe United States. Do you believe inhaving a national minimum wage? Whyor why not?2. What impacts do you think having anational minimum wage would haveon employee salaries, benefits,recruiting, hiring, or union organizing?3. Do you think a national minimumwage would have inflationary impacts?4. What would a national minimum wagelook like if implemented? A blanketwage as it exist today or based upon aliving wage based upon a geographicarea or city?

1. The debate surrounding the national minimum wage in the United States is a complex and…

Answered: Answer/discuss the following questions:…

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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Question 4 Fashion Fun makes 2 types of high end sneakers for toddlers, "Run-It-Out" brand and Jump-It-Out" brand. Manufacturing times for each set of sneakers is given below. Run-It-Out Jump-It-Out Total Hours Available Molding Time 2 4 39 Assembly Time 2 5 44 Accessory Time 3 34 The profit for the Run-It-Out brand is 85 per pair sold and the profit for Jump-It-Out is $150 per pair sold FORMULATE the linear programming problem using the above data. Do NOT solve the problem. Be sure to define the decision variables, objective function, and all constraints.
QUESTION 12 The following is a L.P.P: Max Z= 5X1 + 7X2 + 6X3 (Hundreds of dollars $) s.t: X1 + 4X2 + 2X3 =0 (production capacity; hours) (warehouse capacity; hundreds of sq. ft.) (demand for 6 oz. glasses; hundreds of cases) The optimal solution to the model as follows: Basis Св 5X1 7X2 6X3 0.5 S1 S2 S3 RHS X2 7 -0.5 1 10 S1 -1 1 -3 10 X1 1 1 -1 10 7 8.5 1.5 120 C-z -2.5 -1.5 -2 What effect on the optimal solution (value of Z) ,if we change the profit of X3 from 6 to $3.8 ? Click Save and Submit to save and submit. Click Save All Answers to save all answers. hp
QUESTION FOUR With the use of some practical examples, compare and contrast a one tier board with a two tier one and outline the advantages and disadvantages of either QUESTION FIVE The selection of a board chairperson must be done with the strictest and utmost caution as the type and character of a board chairperson determines the success or failure of a board. Explain. QUESTION SIX
Question 5 The following game is played by 2 players Adam Jack Left Middle Right Up 1,2 3,5 2,1 Middle 0,4 2,1 3,0 Down -1,1 4,3 0,2 Solve the equilibrium for this game.
Question No. 1 Problem Statement: Hotel Booking System It would require the customers to get registered by simply providing some basic information of themselves like First Name (any string of 10 alphabets), Last Name (any string of 10 alphabets), Passport Number (any alphanumeric string of 8 chars) and Age (age must be 18 or above). During the room-booking process, the user is required to select the room type via dropdown i.e. Single (1-2), Double (2-3), Quad (4-6). Then user can search for a period of a year into the future using the date field to see the availability of rooms. User cannot search for past dates or after the maximum date. User then needs to enter the number of rooms of that type he/she wishes to book in a textbox. Up to 5 rooms can be booked in one go. Lastly, user is required to enter the number of guest(s) in a textbox. The number of guest(s) should…
Question 35 In a Goal Program formulation, what statement below best represents a situation in which the Weight factor for a particular % Deviation is given a particularly high value? Cannot be determined (subject to problem data) It begins to approach a Hard Constraint It will distort the Decision Variable solution At some value the Solver solution will be infeasible
QUESTION 8 In the long run, firms will expand as long as there are more. O economies of scale; zero profits O diseconomies of scale; zero profits O economies of scale; positive economic profits O diseconomies of scale; positive economic profits and new firms will enter the industry as long as they earn.
Question 5 You are receiving an shipment and come across a box of shaving cream. What should you do? Please choose all that apply. Receive the shaving cream Raise an Andon CSecure it well with bubble wrap after scanning it in O Note is as Flammable on your workstation Submit
Question No.2. Solve using the simplex method. z = 2x, - x2 + 2x3 Objective function subject to the constraints 2x, + x2 S 10 x, + 2r, - 2r, S 20 Constraints X2 + 2r3 = 5 where x, 2 0, x, 2 0, and x, 0.
Question: Explain the “Contingent conflict” and provide an example where you have faced this type of conflict and how did you manage it?
Question: A. Business Continuity Planning (BCP) is the process of creating a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and can function quickly in the event of a disaster. In that regard, illustrate theimportance of having a Business Continuity Plan. Also, explain the downsides of not having one, as well. B. In prevention and recovery from potential threats to the IT of a company, the same will be known as Disaster Recovery Plan (DRP). DRP is a formal document created by an organization that contains detailed instructions on how to respond to unplanned incidents such as natural disasters, Human-made disasters, and system failures. It contains strategies on minimizing the effects of a disaster on the information technology (IT) of an organization to continue to operate or quickly resume key operations. As an IS auditor conducting an audit of DRP, identify and explain the following procedures that…
Question 5 A company produces two types of transformer. If X, is the number of type-A transformers and X2 is the number of type-B transformers made by the company where each transformer of type- A makes €14 profit and each type-B makes €17 profit. Not complete Marked out of 1.00 The table below represents the final solution of the simplex method with the basis removed. P Flag question How many type-B transformers need to be produced to maximise profit. X1 X2 S2 S3 1 -1/4 1 ? 1 1 -3/5 18 1 1/2 -2/5 32 3/2 13.2 924 Answer: Check

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