Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 13, Problem 4CRQ
It has been observed that effective leaders have the “right stuff.” What traits are commonly associated with leader emergence and effective leaders?
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Students have asked these similar questions
1. Sales of humanoid robots by a technology company from January 2024 to December 2025
are shown in the table below:
Time
Number sold
Month
Number sold
Time
Number sold
2024.1 51
2024.6 54
2024.11 44
2024.2 35
2024.7 52
2024.12 47
2024.3 28
2024.8 48
2025.1
2024.4 32
2024.9 42
2024.5 48
2024.10 46
(a) What can the above table of time and sales be called in forecasting?
(b) Using Naive approach, develop forecasts for 2025.1.
(c) Using 3-Month Moving Average, develop forecasts for 2025.1.
(d) Using Exponential Smoothing usinga-0.1, a-0.5, -0.9, develop
forecasts for months from 2024.1 to 2025.1. Note: The initial predicted
value is taken as the average of the first three observations.
(e) Analysing the effect of the above three predictions (-0.1, 0.5, -0.9)
by drawing a picture. What is the better value of a to predict by viewing
the picture?
2. (a) Control charts are tools used to monitor the stability of processes over time.
Explain the purpose of the following control charts, with one example for
each chart.
i) Median chart
ii) Standard deviation chart
(b) Assignable variation refers to variations in a process that can be attributed to
identifiable sources.
List two specific methods for identifying assignable variation in a
production process.
(c) A bakery is investigating the weight consistency of its bread loaves. Historically, the
process has had a standard deviation of 0.05 kg. The average weights from 20 samples,
each containing n=10 loaves, are recorded below:
Sample
Mean Weight (kg) Sample
1
0.503
Mean Weight (kg)
11
0.502
2
0.499
12
0.505
3
0.501
13
0.504
4
0.500
14
0.503
5
0.504
15
0.499
6
0.502
16
0.504
I
50,000
The following chart shows the historical spot buy price graph of nickel on the London
Metal Exchange (LME) from 1 May 2021 to 30 Nov 2022.
US$ per tonne
45,000
40,000
2/9/2021
35,000
US$19,365/ton
1/5/2021
US$17,477/ton
30,000
25,000
20,000
15,000
30/04/2021
26/05/2021
21/06/2021
14/07/2021
06/08/2021
01/09/2021
24/09/2021
19/10/2021
11/11/2021
06/12/2021
31/12/2021
26/01/2022
18/02/2022
1/5/2022
-US$32,000/ton
15/03/2022
07/04/2022
05/05/2022
30/05/2022
24/06/2022
19/07/2022
11/08/2022
2/9/2022
US$20,175/ton
06/09/2022
29/09/2022
24/10/2022
16/11/2022
Nick is the non-ferrous metals category manager (in-charge of nickel cathodes) of Better
Battery Co., a battery manufacturer. He has sourced his nickel cathode supplies from two
suppliers: Supplier A and Supplier B.
Throughout 2021, both Suppliers A and B complained of increasing nickel costs and
wanted to raise prices for the cathodes supplied to Nick's company. As Nick had a firm
fixed price contract with Suppliers A and B, he…
Chapter 13 Solutions
Principles of Management
Ch. 13.1 - What is the nature of leadership and the...Ch. 13.2 - Why would start-up leaders need different...Ch. 13.2 - Vaynerchuk has been quoted as saying that if you...Ch. 13.2 - What are the processes associated with people...Ch. 13.3 - What is the role of the leader and follower in the...Ch. 13.3 - How do the theories of Tannenbaum and Schmidts...Ch. 13.4 - What are the trait perspectives on leadership?Ch. 13.5 - What are the behavioral approaches to defining...Ch. 13.5 - What roles do gender and the popular perceptions...Ch. 13.6 - Identify and describe the variables presented in...
Ch. 13.6 - What are the leadership behaviors in the path-goal...Ch. 13.6 - What role does culture have in how leadership is...Ch. 13.6 - What are the differences between the trait,...Ch. 13.7 - What do you think are the most important qualities...Ch. 13.7 - How do you think a leader can use feedback to...Ch. 13.7 - Identify and describe substitutes of leadership.Ch. 13.8 - In the summer of 2017, Transport of London (TfL)...Ch. 13.8 - What steps do you think Ubers new CEO, Dara...Ch. 13.8 - Despite Ubers apparent success in launching in...Ch. 13.8 - What are the defining characteristics of...Ch. 13.9 - What is the role of leadership in the 21st...Ch. 13 - Define leadership and distinguish between...Ch. 13 - Discuss the processes associated with people...Ch. 13 - Discuss the different forms of power available to...Ch. 13 - It has been observed that effective leaders have...Ch. 13 - Both the Ohio State University and University of...Ch. 13 - Blake and Moutons work with the Leadership Grid®...Ch. 13 - Identify and describe the three situational...Ch. 13 - What are the four leadership behaviors in the...Ch. 13 - Discuss the differences between the internal and...Ch. 13 - What are substitutes for leadership? What are...Ch. 13 - What are the distinguishing features of the...Ch. 13 - How have other airlines handled similar...Ch. 13 - How much was in United Airliness control, and how...Ch. 13 - How did the other airlines or the industry respond...
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