OM 300 Final Exam Study Guide Chapter 4: Forecasting Forecasting Steps- 1. Determine the use of the forecast. 2. Select the items to be forecasted. 3. Determine the time horizon of the forecast. 4. Select the forecasting models. 5. Gather the data. 6. Make the forecast. 7. Validate and implement results. Forecasting Methods 1. Qualitative Method- Used when a situation is vague and little data exist. Used for new products and new technology. Involves intuition
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Answers to Pause/Break Section Review Questions Section 2.1 Review Questions 1. What is the difference between a physical marketplace and an e-marketplace (marketspace)? A marketspace is an electronic marketplace. While traditional marketplaces are constrained by their physical locations‚ marketspaces use technology to eliminate this constraint (by being online). 2. List the components of a marketspace. A marketspace consists of the following components: customers‚ sellers‚ goods
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AGENCY LAW: PRINCIPAL-AGENT RELATIONSHIP 1. Agency a. Principal tells an agent what to do‚ they create an agreement b. Created by a contract – manifestation of consent c. Why care about agency law? Lawyer - agent and employer - principal d. There’s a liability on the employer on the actions of its employee e. If you’re an employee‚ and you run into a pedestrian who gets injured – pedestrian will sue the company not employee (deep pockets) torts
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HRTM 280 – Foundations of Tourism Exam #1 - Study Guide Fall 2013 1. What is the expected growth of tourism in the future? (# of jobs and GDP) a. Expected in 2020 to e 9.6% of GDP (or $11.2 trillion) b. Expected in 2020 to be 9.2% of total employment (or 296.3 million people) 2. In the book the USTA forecasted the size of tourism and amount spent in the United State‚ what are those numbers? a. 3. In the book‚ the WTTC forecasted the growth of tourism‚ revenue created‚ and job growth
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LBST 300 Introduction to Liberal Studies Bodies of Knowledge Study Questions for Exam #2 Tuesday November 12‚ 2013 Professor Garber For the exam‚ you will receive one of the following questions — my choice. By studying the following questions you will prepare yourself for the exam‚ which is closed-book‚ closed-notes‚ closed-phone. You will not need any paper; I will supply paper for your responses and scratch paper as needed. Please note: The term “specific evidence” means that when you
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This archive file of HRM 300 Week 2 Week 3 Assignment Outline comprises: Discuss your Week 3 Written Assignment in the Learning Team Forum. Create an outline for the Week 3 Asisgnment that includes all your paper Business - General Business 1. Learning Team Assignment: Equal Employment Opportunity and Employee Rights Review Paper (Due Day 7 – Monday) · Use the following lists to complete the assignment (and read the assignment deliverables below this chart):
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I would like to nominate the Mayfield Human Resource Team of Vivian Travis and Melinda Johnson for the teamwork award. Vivian and Lindy’s experience‚ patience and teamwork has created one of the strongest and most capable Human Resource Teams in Progress Rail in one of the most demanding environments. Vivian and Lindy have a combined 30 years of Human Resource Experience and 10 years of Progress Rail Human Resource experience. Their diverse backgrounds complement each other’s strengths and weaknesses
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Chapter 2: The classical approaches (scientific management‚ administrative principles‚ and bureaucratic organization) share a common assumption: people at work act in a rational manner that is primarily driven by economic concerns. Scientific Management: in 1911‚ Fredrick W. Taylor published The Principles of Scientific Management‚ in which he made the following statement: “The principle object of management should be to secure maximum prosperity for the employer‚ coupled with the maximum prosperity
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Statistical Process Control: A process that monitors standards by take measurements and corrective action as needed. It is in control when only variation is natural‚ if variation is assignable then discover cause eliminate it. Take samples to inspect/ measure- reduce inspection time‚ reduce opportunity of bad quality. Control charts graph of process data over time-show natural and assignable causes. Control charts for variable data (characteristic that is measured‚ length‚height‚ etc) are X-chart
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This work of HRM 300 Week 1 Human Resource Management Overview Paper includes: Prepare a 900- to 1‚050-word paper using the Week One readings‚ articles‚ and your personal experiences to address the following questions: What is human resource management? Business - General Business Human Resource Management Overview Paper (Week 1) Job Description and Recruiting Strategies Worksheet (Week 4) Employee Training and Career Development Paper (Week 5) Participation Includes
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