5 John is assigned to manage a process improvement project. The process involvesseveral departments. Obtaining everyone's input is essential for the success of theproject. John thinks that carrying out individual interviews with key stakeholders willbe too time-consuming. He decides to invite the key stakeholders to a group meetingwhere they can all share their ideas and requirements. The meeting will be led bysomcone from the project team. Which requirements technique is John planning touse?O Delphi TechniqueObservationNominal Group TechniqueFacilitated WorkshopNext PagePage 33 of 100

Data exploration and experimentation are accomplished through the use of a more sophisticated…

Answered: caining everyon

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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Q.5. Define capabilities, competencies and core competencies. How do structure, competencies, strategy, and the external environment combine to create a successful organization?
20. If а sеrvicе tеmporаrily mеt dеmаnd thаt wаs significаntly аbovе its dеsign cаpаcity, wе would еxpеct thаt А) Conditions would immеdiаtеly rеturn to normаl whеn dеmаnd wеnt bаck down. B) Cost pеr unit wаs lowеr thаn normаl bеcаusе of incrеаsеd volumе. C) А rеcovеry pеriod would follow аnd could rеsult in а continuеd high loаd on thе work forcе. D) Sеrvicе quаlity would not suffеr.
Q1 Define Law?
Q.3 “The benefits and limitations of using stakeholder rights as a basis for identifying business responsibilities”. Do you agree or disagree with this statement? Explain it in detail.
A.3 Yellowburn University, a not-for-profit higher education organization, has the following mission statement: ‘We aim to deliver excellent tuition in state-of-the-art facilities to help develop socially responsible students and to contribute to global academic research.’ Which TWO of the following would be appropriate objectives to fit in with this mission? To deliver the best possible lessons. Each member of staff is to write two research papers for publication over the next two years. To increase car parking space at the university by 10% in the next 12 months to improve access. To get 15% of all students to receive first class honors degrees each year. To ensure 100% attendance from all students for every lecture.
Q.10. The following are all advantages of business partnerships EXCEPT: Partnerships shield the individual partners from debt and liability Partnerships are relatively easy and inexpensive to set up Partnerships pool the resources of the partners to obtain capital 4. Partnerships can take advantage of the various skills, strengths, and experiences of each of the partners. Select one and explain?
Year Quarter Period Cost/Unit ($) 1 1 1 $20.00 2 2 $17.23 3 3 $13.39 4 4 $17.94 2 1 5 $20.29 2 6 $25.61 3 7 $22.62 4 8 $29.63 3 1 9 $23.87 2 10 $20.35 3 11 $26.32 4 12 $25.50 4 1 13 $20.90 2 14 $28.48 3 15 $32.65 4 16 $25.78 5 1 17 $28.90 2 18 $32.61 3 19 $28.66 4 20 $25.27 6 1 21 $25.80 2 22 $35.71 3 23 $27.26 4 24 $27.89 7 1 25 $28.50 2 26 $28.64 3 27 $32.52 4 28 $28.24 8 1 29 $37.95 2 30 $28.59 3 31 $37.07 4 32 $38.16 Use simple linear regression analysis to find the estimated parameters for the line that minimizes MSE for this time series. (Round your answers to two decimal places.) b0= b1= (c) What is the average cost increase (in $) that the firm has been realizing per quarter? (Round your answer to two decimal places.) $ (d) Compute an estimate of the cost/unit (in $) for the next quarter. (Round your answer to two decimal places.) $
Q.1.1 Describe how the concept of risk is important during the business management planning process. (3) Q.1.2 Distinguish between a peril and a hazard. (Hint: Use examples where applicable) (3) Q.1.3 Differentiate between priori probabilities and subjective probabilities in risk management. (3) Q.1.4 Principle two of King I report states that the board of directors and managersshould ensure that through a managed and effective process, board appointmentsare made that provide a mix of proficient directors, each of whom is able to addvalue and to bring independent judgement to bear on the decision-makingprocess. Describe how this principle is important in risk management. (3) Q.1.5 Differentiate between micro and macro risk. (3)Question 2 (Marks: 25) Q.2.1 Outline the measures used to describe possible loss accurately? (5) Q.2.2 Effective risk management does not function in a vacuum and rarely survives aleadership failure. The risk management function can review, inform,…
5 Joe's Supermarket is an international market that features food items from around the world. How would Joe leverage physical evidence and partnerships to increase customer loyalty? Joe could offer an overall clean environment with branded displays of the least-purchased products in the store. Joe could focus exclusively on creating an attractive, stimulated environment in his store. Joe could offer a highly stimulated environment with branded displays of the products on the highest discount in the store. Joe could offer an overall clean environment with branded displays of the most-purchased products in the store.
Q.1.3 Discuss the role that transformational leaders play in encouraging innovation withinan organisation.
5. How do you define an algorithm? Why do we use algorithms? Can you give example to a scenario, where algorithms can be developed and utilized for? (15 points)
6.When negotiating. the tendency is to want to win! Give two reasons why this is not a good approach when managing contracted relationships.

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