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 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 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 one: Suppose a radiology department uses FCFS to determine how to sequence patient x-rays. Assuming these data are representative, compare between FCFS and other scheduling rules should the radiology department be using and why Processing Time (Minutes) Due Time (Minutes from Now) Patient A 35 140 B 15 180 35 360 D 25 290 E 30 420 F 25 20 G 35 180 H 30 290 20 110 K 25 150 L 15 270 M 30 390 20 220 20 400 P 10 330 Q 10 80 R 15 230 20 370
Question 5 20 pts Which of the following correctly descibes what a writer should do with a quotation that is longer than four lines? The writer should indent the quotation but leave all the punctuation the same. O The writer should indent the quotation and single space it, leaving all the punctuation the same. The writer should indent the quotation, take off the quotation marks, and put the period before the parenthetical notation. The writer should indent the quotation, single space it, and take off the quotation marks. ◄ Previous Q Search פח a

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