Business in Action (8th Edition)
8th Edition
ISBN: 9780134129952
Author: Courtland L. Bovee, John V. Thill
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 1.6, Problem 1IYB
Summary Introduction
To discuss: The ways do Person X exhibits professionalism as a student.
The professionalism is the quality of executing at a larger level and conducting himself or herself with pride and purpose. The true professional’s shows 6 unique characteristics: trying to excel, being dependable and responsible, exhibiting their manners, effectively communicate, and making decisions ethically.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Based on the U.S. Department of Transporation's publication on the number of inrternatioal passengers that come through New York airport (JFK) in 2012, how would I estimate the passenger volume for the coming year?
What are the role of trends and seasonality based on the Department of Transportation publication of the number of international passengers that come through New York (JFK) in 2012?
(All info i was given, i simplified it)
Gas sales across type: 80% of gas sales tend to be regular. 15% midgrade, 5% tend to be premium. $0.10 increase in price per gallon tends to decrease gallons sold by 1 to 3%. Jan-0.87, Feb-0.95, Mar-1.00, Apr-1.05, May-1.08, Jun1.15, Jul-1.13, Aug-1.07, Sep-1.02, Oct-0.94, Nov-0.89, Dec-0.85.
You want the MAPE to be below 20%, if ypu can get it to or below 10% they'll throw in extra $10k bonus. They wont get bonus if it is above 11% or 20%. It cannot be over 20%.
Forecast for January 2025 and
Chapter 1 Solutions
Business in Action (8th Edition)
Ch. 1.1 - Prob. 1CTCh. 1.1 - Prob. 2CTCh. 1.1 - Prob. 1IYBCh. 1.1 - Prob. 2IYBCh. 1.2 - Prob. 1CTCh. 1.2 - Prob. 2CTCh. 1.2 - Prob. 1IYBCh. 1.2 - Prob. 2IYBCh. 1.3 - Prob. 1CTCh. 1.3 - Prob. 2CT
Ch. 1.3 - Prob. 1IYBCh. 1.3 - Prob. 2IYBCh. 1.4 - Prob. 1CTCh. 1.4 - Prob. 2CTCh. 1.4 - Prob. 1IYBCh. 1.4 - Prob. 2IYBCh. 1.5 - Prob. 1CTCh. 1.5 - Prob. 2CTCh. 1.5 - Prob. 1IYBCh. 1.5 - Prob. 2IYBCh. 1.6 - Prob. 1CTCh. 1.6 - Prob. 2CTCh. 1.6 - Prob. 1IYBCh. 1.6 - Prob. 2IYBCh. 1 - Prob. 1CTQCh. 1 - Prob. 2CTQCh. 1 - Prob. 3CTQCh. 1 - What is a business model?
Ch. 1 - Prob. 5QRCh. 1 - Prob. 6QRCh. 1 - Prob. 7QRCh. 1 - Prob. 8QRCh. 1 - Prob. 9QRCh. 1 - Prob. 10QACh. 1 - Prob. 11QACh. 1 - Prob. 12QACh. 1 - Prob. 13QACh. 1 - Prob. 14QAPCh. 1 - Prob. 15QAPCh. 1 - Prob. 16QAPCh. 1 - Prob. 17QAPCh. 1 - Prob. 1DCOCh. 1 - Prob. 1ITICh. 1 - Prob. 1BTSCh. 1 - Prob. 18DRSCh. 1 - Prob. 19DRSCh. 1 - Prob. 20DRS
Knowledge Booster
Similar questions
- What variables can I expect to influence the number of international travelers to New York (JFK) airport based on the U.S. Department of Transportation?arrow_forwardSimulation To start the simulation, review all communication and documents. You will find key information to assist your success in the simulation. Actual Demand in Previous Months 15K MAPE: 0% Demand 10K 5K Regular Midgrade 0% 0% 0 January 2025 (24 Month Remaining) ՈՐ AUG o Make a Forecast Current Decision Past Decision Forecast for January 2025 Sept Month Range 00 Oct Nov Dec Use Al REGULAR ↓ 0 t Gallons (3 chances) MIDGRADE 1 Gallons Forecast demand can not be less than 100! Answer Price Prediction: M Possible increase in January 2025 Regular + Midgradearrow_forwardA company operates a manufacturing plant that produces two products, A and B. The plant has the following capacity data: Design Capacity: 15,000 machine hours per month Effective Capacity: 12,000 machine hours per month Actual Output (Utilized Capacity): 10,000 machine hours per month Additionally, the plant produces Product A and Product B, with the following production data: Product Demand (Units) Processing Time (hours per unit) Contribution Margin ($ per unit) A 3,000 2.5 40 B 4,000 1.5 30 Calculate the plant’si.Capacity Utilization ii. Effective Capacity Utilization iii. Efficiency. Interpret the results. Compute the total machine hours required to meet full demand for both products. Determine whether the…arrow_forward
- while making reference to the cartesian method demonstrate how being skepital has helped you transcend cultural, societal and social conditioning. Use practical example from your life as a kenya and student at university to demonstrate your answer?arrow_forwardMajor League Baseball's World Series is a maximum of seven games, with the winner being the first team to win four games. Assume that the Atlanta Braves and the Minnesota Twins are playing in the World Series and that the first two games are to be played in Atlanta, the next three games at the Twins' ballpark, and the last two games, if necessary, back in Atlanta. Taking into account the projected starting pitchers for each game and the home field advantage, suppose the probabilities of Atlanta winning each game are as follows. Game 1 2 3 4 5 6 7 Probability of Win 0.61 0.56 0.47 0.44 0.47 0.54 0.49 Construct a simulation model in which whether Atlanta wins or loses each game is a random variable. Use the model to answer the following questions. (Use at least 1,000 trials.) (a) What is the average number of games played regardless of winner? (Round your answer to one decimal place.) games (b) What is the probability that the Atlanta Braves win the World Series? (Round your answer to…arrow_forwardModel File Available: Download NBAGIMS.xlsx The Iowa Wolves are scheduled to play against the Maine Red Claws in an upcoming game in the National Basketball Association (NBA) G League. Because a player in the NBA G League is still developing his skills, the number of points he scores in a game can vary substantially. Develop a spreadsheet model that simulates the points scored by each team. Assume that each player's point production can be represented as an integer uniform variable with the ranges provided in the following table. (Use at least 1,000 trials.) Player Iowa Wolves Maine Red Claws 1 [5, 20] [6, 12] 2 [7, 20] [15, 20] 3 [5, 10] [10, 20] 4 [10, 40] [15, 30] 5 [7, 20] [6, 10] 6 [2, 10] [1, 20] 7 [2, 5] [1, 4] 8 [2,4] [2,4] (a) Consider the points scored by the Iowa Wolves team. (Round your answers to two decimal places.) What is the average of points scored? What is the standard deviation? What is the shape of the distribution? O uniform bell-shaped skewed left skewed rightarrow_forward
- The wedding date for a couple is quickly approaching, and the wedding planner must provide the caterer an estimate of how many people will attend the reception so that the appropriate quantity of food is prepared for the buffet. The following table contains information on the number of RSVP guests for the 145 invitations. Unfortunately, the number of guests does not always correspond to the number of RSVPed guests. Based on her experience, the wedding planner knows it is extremely rare for guests to attend a wedding if they notified that they will not be attending. Therefore, the wedding planner will assume that no one from these 50 invitations will attend. The wedding planner estimates that the each of the 25 guests planning to come solo has a 74% chance of attending alone, a 20% chance of not attending, and a 6% chance of bringing a companion. For each of the 60 RSVPs who plan to bring a companion, there is a 90% chance that they will attend with a companion, a 4% chance of attending…arrow_forwardHow do we prioritize mental well-being and incorporate stress management techniques? What are the obstacles to a balanced Workout plan to ensure comprehensive fitness and how to overcome them?arrow_forwardYou ordered 1,000 tons of cocoa beans, which will be delivered to your chocolate manufacturing plant in PA in March next year. The current price of cocoa beans, as of today, is $2,260 per ton. There is an investor company who currently offers two types of risk hedging contracts: -Forward contract: $2,400 per ton at a fixed cost of $30,000. -Futures contract: $2,400 per ton at a cost of $50 per ton (therefore, the up-front cost is 1000 tons * $50 per ton = $50,000) Assume that the price of cocoa beans went down to $2,200 per ton in March 2023. How much would you need to pay for 1,000 tons of cocoa beans under the futures contract?arrow_forward
- What are the goals for maintaining focus, tracking progress, and staying motivated on wellness? How do they relate and impact the past and future routine workouts? What are the strengths and weaknesses, and how can we overcome the obstacles that could occur?arrow_forwardWhat do you think is more effective in the long run, bringing in more staff during peak times or investing in cross-training and process redesign to manage demand variability better? With a Referencearrow_forward5. Glenn Dental Clinic provides general dental care to residents of Philadelphia on a walk-in basis. The clinic has started receiving complaints from patients that the waiting time is too long and has asked you to investigate whether this problem can be solved. Upon arrival, customers first receive a series of paperwork from the receptionist and fill out relevant information such as personal health records and insurance provider. The form is then handed back to the receptionist who enters the information into the computer system for the dentist to see. A dental assistant then takes an X-ray from the patient. A dentist then performs the checkup and discusses any issues with the patient. Based on conversations with staff members at the clinic, you have obtained the following information on the process: a. It takes about 5 minutes for a customer to fill out the paperwork. b. Entry of information on the paperwork into the system and verification with past records takes another 5 minutes…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.