Operations Management Mid Term Exam 1. Discuss how just-in-time manufacturing might affect a Job Shop (Consider both positive and negative impacts on both internal and external operations). Just-In-Time (JIT) manufacturing may affect a Job Shop both positively and negatively. The most important affect is that it improves the performance of job shop production. JIT also eliminates waste and/or decreases work in progress (WIP) in that same sense. JIT allows for products that are produced
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1: Dis In this week’s discussion you will begin to explain the four management functions and the evolution of management thought. In Chapter 11‚ “Motivation” read pages 360-390 and answer questions from “Why Won’t They Take a Break?” on page 391. Discuss the following: Which motivation theory(s) do you think would help communicate the importance of vacation time to your employees? I would go with McClellands learned needs theory. This theory suggest that people are motivated by need of affiliation
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retrieved. The first theory is more likely to be applicable to forgetting in the short term memory and the second in the long term memory. You can differentiate between availability and accessibility. Availability is whether the information has been stored in the memory or not and accessibility is the ability or inability to retrieve information if it has been stored. Forgetting information from the short term memory can be explained using the theories of trace decay and displacement. In reference
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Region through agricultural research‚ development programs‚ technical assistance‚ capacity building and strengthening and education promotion. The company was being headed by an Executive Director (ED) and Assistant Directors (AD) on a three-year term basis and will be appointed by its guiding Executive Board (EB) formed under the ASEAN Secretariat office with representatives coming from each ten (10) ASEAN member countries. The first 30 years of operations‚ Mandala Services can be stated as thriving
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not all the statements made during negotiations are contractual terms. Therefore‚ here to discuss terms of the contract. Terms of the contract According to James (2010)‚ the terms of the contract are the specific details of the agreement‚ including each party’s rights and obligations. Broadly speaking‚ there are two types of contractual term: express terms and implied terms. Express terms of the contract Express terms are those obligations and liabilities which the parties themselves
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Work Term Report Template Purpose: As one of the mandatory requirements of the MBA Co-op program‚ this report allows you to reflect on your past work term and provide information to other co-op students who are interested in working with your employer. Deadline: End of your work term / during the first week of class when you are back to campus Required: Must be reviewed and approved by your manager CBCD will accept any of the following as ‘approval’: • Manager signed Work Term Report
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MGMT338‚ International Business‚ Test #1 sample answers‚ September 11‚ 2012 I. (6 pts) Leslie Igles is being sent to Guatemala as the new manager of a local subsidiary of a U.S. firm. She has a participatory management style and is known for her ability to relate to the workers by occasionally stepping in and working along side of them. Answer the following True and False questions using Hofstede’s Five Dimensions. T F 1. This management style will not work well with Guatemala’s Power Distance
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Long-term memory is commonly described as being a somewhat permanent store of knowledge‚ information and experience gained by an individual over the course of their life (Aschcraft & Radvansky‚ 2010); long term memory is therefore fairly complex and is comprised of multiple different components which can then be subdivided into explicit memory‚ information stored consciously in the memory such as a colleagues name‚ and implicit memory‚ information that when unconsciously accessed can influence our
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balance sheet evaluation of what the effect of a course of action would have on the commpanys liquidity and cash position. Valuation approach- Is the determination of the present dollar value of a series of cash flows. The discount rate chosen in short-term financial decision making should always reflect the companys opportunity cost Market manager- worries about finished-goods stock outs Production manager- concerned with raw materials and WIP Financial manager- main concern is total cost of capital
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her country that uses a gold standard (specie or bullion)‚ regardless of what type of notes or coins are used as a means of exchange. This creates a de facto gold standard‚ where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself. In financing the war and abandoning gold‚ many of the belligerents suffered drastic inflations. Price levels doubled in the US and Britain‚ tripled in France and quadrupled in Italy
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