42 Which of the following is NOT the rationale for mandatory retirement?Mandatory retirement can open up opportunity for younger workers.Mandatory retirement may create a greater degree of certainty about when anemployee will retire for future production planning.Mandatory retirement may increase the need for the monitoring and evaluationof older workers.Mandatory retirement can be integrated with the pension plan under which theworkers are covered.

Mandatory retirement also understood as forced retirement, & enforced retirement, or compulsory…

Answered: Which of the following is NOT the…

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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Explain Operating control?
DEFINE Bowman (1956)
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A Firm must know the laws of a country in which it wants to conduct business and it must understand how the laws are reinforced. Is this statement true or false? Question 1 options: a) True b) False
1 . S u p p o s e t h a t s o m e o n e s t o l e y o u r A T M c a r d a n d w i t h d r e w P 5 0 , 0 0 0 . 0 0 f r o m y o u r c h e c k i n g a c c o u n t . H o w m u c h m o n e y c o u l d y o u l o s e i f y o u r e p o r t e d t h e s t o l e n c a r d t o t h e b a n k : ( N o t e : I t i s b a s e d i n t h e P h i l i p p i n e )a ) T h e d a y t h e c a r d w a s st o l e n b ) 6 d a y s a f t e r t h e t h e f tc ) 7 5 d a y s a f t e r r e c e i v i n g y o u r p e r i o d i c s t a t e m e n t
XYZ, shoe manufacturing company, was not fulfilling orders due to bad working condition in the factory The management of XYZ Corporation decided to launch an inquiry to find the actual reasons of this problem. Management found that orders were not being met due to the following reasons; • Huge noise created by machines • Production hall was not cleaned and it was leaving a very bad effect on the health conditions of workers, resultantly, they were unable to work efficiently and effectively. Due to the above mentioned two main reasons many shoes were being destroyed and ultimately causing order delays As a quality control manager, what changes would you suggest in the working environment of the Xyz Company so that It can overcome its problem of order delaying?"
Question 2 Describe how the administrative model of decision making differs from the classical model and explain the three concepts on which the administrative model is based.
1. A s s u m e y o u g o t y o u r d e g r e e f r o m c o l l e g e a n d a c c e p t e d a p o s i t i o n w i t h a m a j o r c o n s u m e r g o o d s b u s i n e s s . Y o u l o s e y o u r j o b w h e n t h e c o r p o r a t i o n d o w n s i z e s a f t e r t h r e e y e a r s . D e s c r i b e t h e p r o c e d u r e s y o u w o u l d f o l l o w t o " r e p a c k a g e " y o u r s e l f f o r a d i f f e r e n t f i e l d . 2. A s s u m e y o u ' r e i n y o u r t h i r d y e a r o f c o l l e g e . G i v e t h r e e f i n a n c i a l g o a l s a n d r e l a t e d a c t i v i t i e s y o u c a n r e c o m m e n d . P l e a s e m a k e t h e a n s w e r q u i t e l o n g f o r m e t o u n d e r s t a n d i t m o r e , w i l l i n g t o g i v e g o o d r a t i n g
Question 14
Louisiana is busy designing new lottery scratch-off games. In the latest game, Bayou Boondoggle, the player is instructed to scratch off one spot: A, B, or C. A can reveal "Loser," "Win $2," or "Win $15." B can reveal "Loser" or "Take a Second Chance." C can reveal "Loser" or "Win $500." On the second chance, the player is instructed to scratch off D or E. D can reveal "Loser" or "Win $2." E can reveal "Loser" or "Win $15." The probabilities at A are 0.70, 0.19, and 0.11. The probabilities at B are 0.75 and 0.25. The probabilities at C are 0.995 and 0.005. The probabilities at D are 0.6 and 0.4. Finally, the probabilities at E are 0.94 and 0.06. Draw the decision tree that represents this scenario. Use proper symbols and label all branches clearly. Calculate the expected value of this game. Choose the correct decision tree below. OA. O C. B Loser (0.995) Win $2 (0.00) Win $500 (0.005) Loser (0.75) 2 Second Chance (0.25) 0 Loser (0.6) 0 Win $2 E Loser (0.70) 0 0.4) 2 Loser (0.94) Win $2…

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