Guideline answers to short case study questions– Essential Operations Management Lecturer resources Essential Operations Management Lecturer resources Guideline answers to short case study questions 1 © Alex Hill and Terry Hill 2011 Guideline answers to short case study questions– Essential Operations Management Lecturer resources This document contains answers to the short case study questions contained within each chapter. For extended teaching notes relating to the long case studies
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Week Two Student Guide This week you are introduced to the concept of torts and the risk management process. This may help you identify how an organization can minimize the tort liability risk for a company. The readings analyze intentional torts and negligence with the intentional torts against persons‚ as well as examples of cases that address this issue. You study unintentional tort (negligence)‚ and you discuss the seminal case of Palsgraf v. The Long Island Railroad Company. The readings
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develop a methodology for quantifying risks‚ or should each situation be addressed individually? Can we have both a quantitative and qualitative risk evaluation system in place at the same time? Yes‚ a quantitative and qualitative risk management system can be in place at the same time. Since the Space Shuttle Program is so large and complicated‚ it would be in their best interest to incorporate both quantitative and qualitative risk management evaluations together. Alone‚ neither system is
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1. What are three ways that research can be conducted for risk-related issues? For each way‚ briefly describe how it may be done. Three ways that research can be conducted is through: 1. Primary data collection techniques. Data collected this way is unique to the organisation and is not publicly available unless the researcher chooses to publish it. Some methods of primary data collection include focus groups‚ interviews and surveys . 2. Secondary data collection is data that is collected by
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Treasury and Risk Management Question 1. A trader enters into a one-year short forward contract to sell an asset for $60 when the spot price is $58. The spot price in one year proves to be $63. What is the trader’s gain or loss? Show a dollar amount and indicate whether it is a gain or loss. Answer: The trader sells the contract for $60 and buys at a spot price of $63. $60 - $63 = ($3). $3 loss Question 2. The price of a stock is $36 and the price of a three-month
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valid contract‚ in essence‚ is the agreement between its parties". Discuss this statement and‚ using both case law and legal principles‚ comment on the essential elements of a valid contract and the importance of each. To a certain extent this statement is true but it is only one element of a valid contract to explain please find following all elements and conditions within a valid contract. To Contract: Is to enter into a relationship or agreement between two or more parties that create in each party
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Topic 3B- Management assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions
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How Risk and Risk Management is Evolving at Hydro One John R.S. Fraser Senior Vice President‚ Internal Audit & Chief Risk Officer Hydro One Networks Inc. For the Mearie Group Risk Management Conference June 24‚ 2011 Summary of Presentation 1. Hydro One Background (1 – 2) 2. ERM Concepts and Clarifications (3 - 5) 3. Policy and Framework (6) 4. Risk Criteria (Tolerances) (7 – 10) 5. Corporate Risk Profile (11 – 15) 6. Risk Workshops (16 – 21) 7. Business Planning (22 – 25) 8. Conclusion
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Bibliography: Text Books: Gary‚ Dessler‚ 2000 Kathryn Bartol‚ David Martin‚ Margaret Tein‚ Graham Matthews‚ 2001. Management.3rd ed. McGraw-Hill Book Company Australia Pty Limited. Randall S. Schuler‚ 1992. Managing Human Resource. 4th ed. West Publishing Company in the United States of America. Lloyd L. Byars‚ Leslie W. Rue‚ 2004. Human Resource Management.7th ed. McGraw-Hill Company‚ Inc in New York. i. 2009: ii iii. 2011: iv f. How many employees resigned in 2009‚ 2010‚ 2011
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potential risks not only during the development phase but throughout the life cycle of the project and may lead to project failure. Many projects fail either because simple problems were reported too late or because the wrong problem was addressed. Software risk management is an effective tool to increase the likelihood of project success. It is used to plan and control the risks that may arise during and after software development. This research paper aims to explain the need of risk assessment
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