Operational plans specify the details of how the achievement of the overall objectives is to be obtained. (True; moderate; p. 189) 12. Long term used to mean anything over three years‚ but now it means anything over one year. (False; easy; p. 189) 13. Short-term plans are those covering one year or less. (True; easy; p. 189) 14. Directional plans have clearly defined objectives. (False; moderate; p. 190) ESTABLISHING GOALS AND DEVELOPING PLANS 15. An integrated network of goals is sometimes called
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* Short Run Costs A period of time in which the quantity of some inputs cannot be increased beyond the fixed amount that is available. For example‚ what quantity of inventory to order is a short run decision. Whether or not to build a new factory would be considered a long run decision. 1. Total fixed Coast The total fixed cost curve graphically represents the relation between total fixed costs incurred by a firm in the short-run production of a good or service and the quantity produced
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Running head: ORGANIZATIONAL TRANSFORMATION Q & A Organizational Transformation Q & A Jose Luis Sandoval Jr. OI/361 December 1‚ 2014 Michele Dougherty 1 ORGANIZATIONAL TRANSFORMATION Q & A 2 Organizational Transformation Q & A How incentives‚ training‚ and education are important to a company and also how important a strong leader is to a company. Jose will define and explained these topics. He will also compare these topics to his previous employment (Gill’s Auto Glass) and explain the positive
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Operations Function: The operations management function has a considerable influence on the quality‚ cost and availability of an organisation’s goods or services. These‚ in turn‚ have a direct bearing on whether the organisation achieves its other main objectives — specifically‚ to increase profitability‚ to increase market share‚ to provide a reasonable return for investors or to contribute to the wellbeing of the community. Operations Management Definition: All the activities in which managers
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“The story of Ah Q” by Lu Xun is a historical fiction written during the period of the Xin Hai Revolution. Sun Zhong Shan and other knowledgeable people trying to save China from corruption. The protagonist Ah Q is a peasant who possessed the lowest social status in Qing dynasty. The low social status deprived his name despite the fact that Ah Q is a “good worker”. Ah Q wants to be one of the revolutionaries to revenge the Chao’s family who had the greatest power in Weichuang village. However‚ the
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∀for all p⇒q p implies q / if p‚ then q p⇔q p if and only if q /p is equivalent to q / p and q are equivalent 2.Sets x∈A x belongs to A / x is an element (or a member) of A x∉A x does not belong to A / x is not an element (or a member) of A A⊂B A is contained in B / A is a subset of B A⊃B A contains B / B is a subset of A A∩B A cap B / A meet B / A intersection B A∪B A cup B / A join B / A union B A\B A minus B / the diference between A and B A×B A cross B / the cartesian product of A and
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Dore-Dore (Q&A) 1. What is Dore-Dore’s motivation to converting to cells? Should the company continue with its plans for complete implementation of cells in children knit wear? If not‚ which knitwear products are best made in cells? Here are the main advantages found converting to cell. * Reducing the throughput time was the main motivation for converting to cells. For Dore-Dore‚ 3 weeks to 1 day * Defect fixing was local‚ reducing the cost of defect fixing a lot. In Dore-Dore
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provide related services. * A process has a definite starting point-the time‚ place‚ and point of input. * The input is transformed into output via a set of interdependent activities. These activities follow a logical flow; however‚ they may not add equal value to the process. * The process ends with a defined output that is the resulting sum of all the activities performed on the input. Business processes are valuable organizational assets. They enable the creation and delivery of
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Let Q=output‚ L=labor input and K=capital input where Q = L2/3K1/3. The cost of resources used is C=wL+rK‚ where w is the wage rate and r is the rental rate for capital. Problem: Find the combination of L and K that maximizes output subject to the constraint that the cost of resources used is C; i.e.‚ maximize Q with respect to L and K subject to the constraint that vL+rK=C. Note that maximizing a monotonically increasing function of a variable is equivalent to maximizing the variable itself
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Tax = 0.35 NOPAT = 700 x (1 – 0.35) = $455.00 Q2. Income Statement: Income Statement (EUR) Sales 15‚000 Operating cost 7‚500 Depreciation 1‚200 Amortization 0 Bonds 6‚500 Bonds interest 6.25% Tax rate (income) 35% EBIT = Sales – Operating cost – Depreciation – Amortization EBIT = 15‚000 – 7‚500 – 1‚200 – 0 EBIT = EUR 6‚300 Interest on Bonds = 6‚500 x 6.25% Interest on Bonds = EUR 406.25 EBT = EBIT – Interest on Bonds EBT = 6‚300 – 406.25 EBT = EUR 5‚893.75 Tax = EBT
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