The translates the needs of the organization through chartering the project and defining the project scope to the project client; project team O project manager; project team project manager; project client project team; project client O project team; project manager

The translates the needs of the organization through chartering the project and defining the project scope to the project client; project team O project manager; project team project manager; project client project team; project client O project team; project manager

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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1. (30 pts.) A company that manufactures three products, A, B, and C, using three machines, M1, M2, and M3, wants to determine the optimal production schedule that maximizes the total profit. Product has to be processed by machines M1, M2, and M3, product B requires M1 and M3, while product Crequires M1 and M2. The unit profits on the three products are $4, $2, and $5, respectively. The following linear program is formulated to determine the optimal product mix: Maximize Z=4x+2x2+5x3 5.L x+2x2+ x ≤430 (Machine 1) 3x + 2x ≤ 460 (Machine 2) x+4x2 ≤450 (Machine 3) and 11.12.20 where x1, x2, and xs are the amounts of products A. B, and C and the constraints reflect the available capacities of M1, M2, and M3. The optimum solution for the problem is as follows: optimal solution: -0, -100, x-230 optimal value: maximum profit, Z=1350 shadow prices: 1.0, 2.0, and 0.0 for constraints 1, 2 and 3 respectively reduced costs: for x 3.0, for x = 0, for x)=0 RANGES ON RIGHT-HAND-SIDE (RHS) CONSTRAINTS…
Q.2 Mrs. Y is the CEO of the big advertisement company. Her job often consists of travelling around the world to promote the channel as well travelling, a normal day consists of waking at 6:30 am and immediately responding to various messages that have accumulated over the course at the night. She then goes to her office, where throughout the day she responds to other 400 or so messages from the clients around the world. If she’s lucky, she gets time to spend with her son, but then she back to work until she finally goes to bed around midnight. Says Y, "There are plenty of people who would love to have this job. They are knocking on the door all the time. So that's really motivating. Many individuals would balk at the prospect of a 60 hours or more workload with constant travelling and lesser time for anything in the world. Some individuals are craving for this kind of job. But the demands of such jobs are clearly not for everyone. Many quit jobs at very initial stage. However, clearly…
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23 Generally speaking, which of the following accurately describes the condo market? A O In a rising market, condos typically rise in value faster than single-family homes. B In a rising market, condos typically rise more slowly in value than single-family homes. Condo prices tend to rise at times when single-family house prices are dropping. In a falling market, condos typically drop in value more slowly than single-family homes.
Calculate Expected Value of Perfect Information (EVPI)
36. Bread Baking Company operates a commercial baking plant—a “major source”—that emits hazardous air pollutants for which the Environmental Protection Agency has set maximum levels of emission. The plant does not use any equipment to reduce its emissions. Under the Clean Air Act, this is most likely Group of answer choices a violation. not a violation because the plant does not use any equipment. not a violation because the plant is not a mobile source. not a violation because baking is not considered to be polluting.
26 - Having clear roles and agreement on decision authority means Group of answer choices a. ensuring team members having the information they need b. facilitating decision making and minimizing friction c. requiring collaboration desirable and motivating team members to cooperate d. all of these 27- Shared goals means Group of answer choices a. ensuring team members having the information they need b. facilitating decision making and minimizing friction c. requiring collaboration desirable and motivating team members to cooperate d. none of these 28- Transparency of communication means Group of answer choices a. ensuring team members having the information they need b. facilitating decision making and minimizing friction c. requiring collaboration desirable and motivating team members to cooperate d. all of these 29- Which of the following describes a goal? Group of answer choices a. is motivating b. demands actions and decisiveness c. states…
19 20 https://eleaming uhv.edweb X GroupMe e233b4f6-f69c-47cf-8298-632 X A e233 groupme.com/v1/84589548/files/e233b4f6-f69c-47cf-8298-632d0266b7bc - D Page view A Read aloud Add text V Draw - A race winner was awarded 3 bonus points. But, the maximum number of points a driver could earn in any race was 48. The following table shows data for the 2011 season for the top 35 drivers (NASCAR website). These data are contained in the file NASCAR. Please see the data file NASCAR. Driver Points Poles Wins Top 5 Top 10 Winnings ($) 6,529,870 Tony 2403 1. 6 Stewart Carl Edwards 2403 26 8,485,990 3. 1. Kevin 2345 6,197,140 Harvick Matt 2330 12 6,183,580 3. 3. Kenseth 2319 14 5.087,740 3. Source: NASCAR website, February 28, 2011. (https://www.nascar.com/) Managerial Report 1. Suppose you wanted to predict Winnings ($) using only the number of poles won (Poles), the number of wins (Wins), the number of top five finishes (Top 5), or the number of top ten finishes (Top 10). Which of these four…
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Your company, Drones, INC, must decide on their path forward in regard to new or expanded facilities for drone production. The table below shows the potential profits/losses for each decision alternative in each of 4 market conditions (states of nature). Note that the numbers in red (with a minus sign) are losses. NOTE: I have provided some extra columns and rows for your computations. NOTE THAT THE OBJECTIVE IS TO MAXIMIZE PROFIT. STATES OF NATURE FOR POTENTIAL MARKETS FOR DRONES DECISION EXCELLENT GOOD FAIR POOR ALTERNATIVES OPEN 2 NEW $600,000 $400,000 -$200,000 -$500,000 PLANTS FOR PRODUCTION OPEN 1 NEW $500,000 $200,000 -$100,000 -$300,000 PLANT FOR PRODUCTION EXPAND $150,000 $75,000 $0 -$100,000 CURRENT PLANT DO NOTHING $0 $0 $0 $0 6.
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.B.8 The Lifang Wu Corporation manufactures two models of industrial robots, the Alpha 1 and the Beta 2. The firm employs 5 technicians, working 160 hours each per month, on its assembly line. Management insists that full employment (that is, all 160 hours of time) be maintained for each worker during next month's operations. It requires 20 labor-hours to assemble each Alpha 1 robot and 25 labor- hours to assemble each Beta 2 model. Wu wants to see at least 10 Alpha 1s and at least 15 Beta 2s produced during the production period. Alpha 1s generate a $1,200 profit per unit, and Beta 2s yield $1,800 each. Determine the most profitable number of each model of robot to produce during the coming month. [PX]