Assignment Write a 400 word (min.) paper (double spaced,Times Roman or Calibri Font, Word or convertedfile to Word compatible) in response to thefollowing:1.Of the topics presented herein (businessetiquette and professionalism, interview skills,diversity mindset, conflict resolution, oral &written communication), which one area do youbelieve you could benefit the most fromimproving?2.Describe the actions you will take to improveupon your one identified area of improvement.Include at least one actionable SMART goal.3.Describe the foreseen benefits to you uponimproving in the above area (job placement?promotion? better co-worker relations? ...?)

Approach to solving the question:Understanding and Analysis Detailed explanation: Improving oral…

Answered: Write a 400 word (min.) paper (double…

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 Mick Karra is the manager of MCZ Drilling Products, which produces a variety of specialty Valves for oil equipment. Recent activity in the oil fields has caused demand to increase drastically, and a decision has been made to open a new manufacturing facility. Three locations are being considered and the size of the facility would not be the same in each location. Thus, overtime might be necessary at times. The following table gives the total monthly cost (in $1,000s) for each possible location under each demand possibility. The probabilities for the demand levels have been determined to be 20% for low demand, 30% for medium demand, and 50% for high demand. Demand is low Demand is medium Demand is High Ardmore, Ok 110 85 150 Sweetwater, Tx 90 100 120 lake Charles, LA 110 120 130 (a) Which location would be selected based on the optimistic criterion? (b) Which location would be selected based on the pessimistic criterion? (f) Which location would minimize the expected…
Assignment Question: Stakeholder Theory and Business Ethics Framework Background: Stakeholder theory posits that organizations should consider the interests of all stakeholders—groups or individuals that can affect or are affected by an organization's objectives—when making decisions. Business ethics, on the other hand, revolves around moral principles and values that guide behavior in the world of business. Together, the stakeholder theory and business ethics provide a robust framework for organizations to make ethical decisions that account for a wide range of interests. Objective: Your task is to critically analyze a real-world business scenario using both the stakeholder theory and a business ethics framework. Business Scenario: The chosen scenario is company Shein. According to reports, Shein has been accused of poor labor practices, including allegations of child labor and forced labor. Shein claims to have a strict code of conduct that prohibits child labor and ensures fair…
Assignment Question: Stakeholder Theory and Business Ethics Framework Background: Stakeholder theory posits that organizations should consider the interests of all stakeholders—groups or individuals that can affect or are affected by an organization's objectives—when making decisions. Business ethics, on the other hand, revolves around moral principles and values that guide behavior in the world of business. Together, the stakeholder theory and business ethics provide a robust framework for organizations to make ethical decisions that account for a wide range of interests. Objective: Your task is to critically analyze a real-world business scenario using both the stakeholder theory and a business ethics framework. Business Scenario: The chosen scenario is company Shein. Is Shein ethical? There is no way one could qualify Shein as ethical. According to reports, Shein has been accused of poor labor practices, including allegations of child labor and forced labor. Shein claims to have a…
Question 1 We assume that One end item needs 2 units L, 1 unit C and 3 units K. One unit L needs 2 units B and 3 units J. One unit C needs 2 units G and 2 units B. One unit K needs 4 units H and 2 units B. Two orders of 40 units and 60 units will be sent at the week 8 and 9. The manager knows that 15 units of B are scheduled to arrive at the beginning of week 4; 10 units of C are scheduled to arrive at the beginning of week 2. Only the component B should be ordered by lot and the lot size is 30. Use tables to make MRPS for end products and components. Item Lead time Amount on hand End item 1 L 2 C 3 K 3 B J G I G H 2|N 3 3 2 10 15 20 30 30 5
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.
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.
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Question 3: A catering company must have the following number of clean napkins available at the beginning of each of the next four days: day 1: 15, day 2: 12, day 3: 18, and day 4: 6. After being used, a napkin can be cleaned by one of two methods: fast service or slow service. Fast service costs $0.10 per napkin, and a napkin cleaned via fast service is available for use the day after it is last used. Slow service costs $0.06 per napkin, and a napkin cleaned via slow service is available two days after they were last used. New napkins can be purchased for a cost of $0.20 per napkin. Part A: Formulate the problem as a minimum cost transportation problem. Part B: Use Excel Solver to solve the problem (provide exact values for all variables and the optimal objective function).
Question: 3. Which resource management task enables resource coordination throughout the incident? A. Demobilize B. Track and Report C. Order and Acquire D. Reimburse and Restock
Question 5: The following figure shows the product structure tree of product A. A D (2) B (2) E (1) C (1) | D (3) The company requires 200 units of product A in period 8 and 150 units in period 6. The on hand inventory for products A, B, C, D and E are 50, 150, 40, 100, 70 respectively. The lead times for products A, B, C, D and E are 1, 0, 2, 1, 1. Develop the MRP and specify gross and net requirements, projected on-hand, planned order receipts, and planned order release for all the products. Assume we use lot-for-lot ordering for all the products and not safety stock is required.
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Question 1 Five different machines can do any of the five required jobs, and the profits resulting from each assignment are given below. Jobs 1 2 3 4 5 Machines A B C D E 30 37 40 28 40 40 24 27 21 36 40 32 33 30 35 25 38 40 36 36 34 39 29 62 41 Find the maximum profit possible through optimal assignment. Hint: Note that this a maximization problem. To convert it into minimization problem and apply Hungarian method, subtract all the elements of the profit matrix from its highest element. Use the optimal assignments to calculate the maximum profit.

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