Answered: Management is the process of dealing…

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 1Data Warehouses and Data MartsWrite a one- to two-page (250-500 word) paper that discusses the differences between data warehouses and data marts. Also, discuss how organizations can use data warehouses and data marts to acquire data. You must use the CSU Online Library to locate at least two sources for your paper.Question 2Name the four stages of the business process management cycle and summarize the activities in each.Your response should be at least 200 words in length.Question 3Business Process ManagementIn this writing assignment, you will explore how organizations use business process management (BPM). Write a onepage(250-word) paper explaining how organizations use business process management (BPM). Be sure to use at leastone specific example from the CSU Online Library, and address the following in your paper:What is business process management (BPM)?Why do processes need management?What are BPM activities?
production and operation management
3.) Compile a hypothetical list of stakeholders’ needs. Stakeholder Wants (“Whats”) System Attributes (“Hows”)
The self-directed work team is composed of individuals who areassigned a cluster of tasks, duties and responsibilities to be accomplished.Question 10 options: True False
Components of an integrated manufacturing system include: Question 17 options: a. material handling equipment b. computer control c. human workers d. all of the above
Job specifications state the minimum qualifications that applicants must possess to be considered for a job. Question 9 options: True False
QUESTION #1 The figure shows the manufacturing processes, weekly market demands, unit revenues, and raw material requirements for two products. The products pass through a series of operations indicated by the circles. The products are manufactured on five machines. The machine assignments are shown by letters within the operation circles. The processing time for each operation is shown in minutes per unit adjacent to the circle. All setup times are zero. Operation E is an assembly operation that combines a unit from each of its two inputs to make the finished product 2. There are 5000 minutes per week available on each machine type. There is one of each type of machine. a. Use the theory of constraints to identify the bottlenecks in the system. Show all work used to find the bottleneck. b. For the bottlenecks discovered find the best product mix of P1 and P2. Show in your answer the rational for selecting the product mix. c. What is the maximum total profit per week? Product 1 Market…
Question 16 MONTH EXPECTED DEMAND PRODUCTION DAYS Jan 800 21 Feb 500 18 Mar 600 18 Apr 1050 22 May 1150 19 June 1100 20 Cost Information: Subcontracting cost = SR 17 per unit per month Average pay rate = SR 10 per hour Labor-hours to produce a unit = 4 hours per unit Daily working hours = 8 hours a) Using excel, caleulate the total cost of the following plan : - Plan : is to maintain a constant workforce at a level necessary to meet the lowest demand month and to meet all demand above this level by subcontracting. (Answer in Field ) Attach your solutions.
In highly specialised jobs, employees have little input into the way their work is performed. Question 3 options: True False
Every organization has certain functional areas, for example divisions, departments, marketing, IT. Question 27 options: True False
question 1 Terminator, Inc., manufactures a motorcycle part in lots of 250 units. The raw materials cost for the part is $150, and the value added in manufacturing 1 unit from its components is $280, for a total cost per completed unit of $430. The lead time to make the part is 3 weeks, and the annual demand is 4,200 units. Assume 50 working weeks per year. a. How many units of the part are held, on average, as cycle inventory? nothing units. (Enter your response as an integer.) What is its value? $_______.(Enter your response as an integer.) b. How many units of the part are held, on average, as pipeline inventory? nothing units. (Enter your response as an integer.) What is its value? $________________ (Enter your response as an integer.)
First-line Managers – Question 15 options: Have direct responsibility for producing goods or services It includes Foreman, supervisors, clerical supervisors Both A&B None

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	True
	False

Management is the process of dealing with or controlling resources and people to achieve a specific purpose. Question 12 options: True False