MGMT 306 PRODUCTION AND OPERATIONS MANAGEMENT HOMEWORK 1 (Please submit the Scantron form) I. TRUE/FALSE (A for True; B for False) 1. All organizations‚ including service firms such as banks and hospitals‚ have a production function. True (What is operations management? moderate) 2. Operations management is the set of activities that create value in the form of goods and services by transforming inputs into outputs. True (What is operations management? easy) 3. The operations manager performs the
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Project Feasibility Analysis Principle of Planning and the Project Approach Planning What is Planning? * Future Making * Shortcut to the future Why Planning * Scarcity of resources * Unlimited Wants of people * Welfare Maximization in the long run How or Technique of Planning 1. Short term Planning Technique “Empirical Approach” Data>Problems>Needs 2. Long term Planning Technique a. “Model and Programming Approach Planning Process 1. Plan Formulation
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Problems and Issues in the Philippine Educational System 1. Colonial historiography. Most of the past and present teachers‚ book authors‚ and Social Studies consultants give heavier premium to the history of the colonizers in the Philippines‚ and not to the history of Filipinos. Mostly‚ this has been the case in the teaching of History subjects from the elementary to tertiary levels and will most likely perpetuate in the next generations to come. The history of the Filipino people and the colonial
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ASSIGNMENT 1 Busn 521: Managerial Economics This assignment is due on Friday Oct 17th‚ 2014. Problem Set 2 1. Pat and Kris are roommates. They spend most of their time studying (of course)‚ but they leave some time for their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. a. What is each roommate’s opportunity cost of making a pizza
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Problem Set 1 Name: Christen Brown Problem Set 1 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 2. 1. Based on the information provided for the market for video games‚ answer the following questions. PRICE Q DEMANDED Q SUPPLIED $50 5 9 $45 7 7 $40 9 5 $35 11 3 $30 13 1 a.) Draw and properly label the demand and supply graphs (this means you must label the axes and any lines you include on the graph). b.) What is the equilibrium price and quantity? a.) b.) PRICE: $45.00
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Saint Paul University Quezon City Banana Fiber Clothing A Feasibility Study Presented to the Faculty of the Tourism Department Saint Paul University Quezon City In Partial Fulfilment of the Requirements for the Degree of Bachelor of Science in Tourism Management by: Besmonte‚ Armi Jen Sto. Domingo‚ Allen Marie Villarama‚ Katrina May April 2013 Introduction Background of the Study Bananas are known
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OPPORTUNITIES FOR CRITICAL THINKING 1. Making your own salad in salad bars‚ free beverage refills‚ self-service copy shops are some examples for coproduction. However‚ how to videos‚ online bill paying‚ online shopping are some examples for self-sufficiency. As you can see‚ Coproduction takes specific time and place while self-sufficiency is something you can do on your own. List three examples of coproduction. How do coproduction and self-sufficiency differ? 2. Empowerment‚ know the importance
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Office is using manual system on posting events‚ alumni homecomings‚ meetings‚ news and it is hard for the Office to track down what’s the latest updates on their alumni. This takes too much time and involves too much paper works. With this uprising problem‚ the researchers decided to develop the Alumni Association Inc. Website to the school. The researchers will conduct a research to the school including collecting of data; perform interviews‚ brainstorming regarding the project. The Researcher will
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Solution: Computation of: Revenue Simple returns = (service fee‚ $50) x no. of simple returns demand Complex returns = (service fee‚ $200) x no. of complex returns demand Cost of permanent employees Payment for accountant = (regular rate‚ $600 per week) x no. of permanent accountant Payment for computer system = (per computer rate‚ $175 per week) x no. of accountants who access to the computerized system Total permanent costs = payment to accountant
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We feel money and power can bring happiness and solve problems but they are not definite causes of those desired states .If that were so‚it would follow that those who have wealth would always be happy and those who do not would always suffer. Money and power facilitate‚but it is clear that they are not the primary causes of happiness and solving our problems.It is justified for us to make material and financial development for building our nation but inner development is also important.What will
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