Suggested answers of the tutorial questions EXERCISE 15.25 1 Safety stock: The lead time is one month‚ so the safety stock is equal to the difference between average monthly usage and the maximum usage in a month. Average monthly usage is 70 tonnes (840/12)‚ and the maximum usage is 80 tonnes. Therefore‚ the safety stock is 10 tonnes (80 – 70). 2 Reorder point: The reorder point is 80 tonnes. This is the maximum amount of the chemical that would be used in a month‚ and this is the
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Seychelles‚ just like others operating in different countries‚ must now operate in a rapidly changing business environment. These changes have important implications for HRM practices. To ensure that management practices support business needs‚ organizations must continually monitor changing environmental conditions and devise HRM strategies for dealing with them. The procedure used to tie human resource issues to the organization’s business needs is called strategic human resource planning. In accordance
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PROJECT REPORT ON ETHICS IN HRM SUBMITTED IN PARTIAL FULLFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF MASTERS IN BUSINESS ADMINISTRATION SUBMITTED TO: SUBMITTED BY: PROF. A. Singh JASS CLASS: MBA 2nd
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Tutorial 5 Suggested answers of the tutorial questions EXERCISE 15.31 Customer response time 1 Date March April Days taken Action 10 LO’s order received by sales department 0 0 14 Order forwarded to manufacturing department 4 4 28 Fabric received from supplier 14 18 8 26 5 Manufacturing commenced 16 Manufacturing completed and order sent to warehouse 30 Order delivered to customer 11 14 Total customer response time 2 3 Cumulative days Order receipt time (days) Waiting
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of Accounting Instructor: Mark Stricklett November 10‚ 2014 Wal-Mart Financial Analysis Report In accounting there is much to be learned‚ about the financial aspects of a business. In the past five weeks I have learned the importance of financial reports and how they relate to the success of an establishment. These reports may include balance sheets and income statements‚ which help accountants and the public grasp the overall financial condition of
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Question #1 Answer: This past years old I started to compare my life with the life’s to the life of my friends and started to wonder why were they having more success than what I was having. Why were they earning more? Why do they have a better job? Why‚ why‚ why‚ all this questions coming to me. All of them comparing my life with theirs. They were buying luxury cars‚ traveling‚ shopping‚ living on Austin downtown high rises. And me? Well I was living a normal life with a job that I don’t like
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Company Name: Idea‚ Inc. Date: February 19‚ 2014 From: XXXXXXX To: MXXXX‚ IT Director Your absence at the meeting was greatly missed. We presented issues about why college tuition has been on the rise for the past 40 years. Here is a brief overview on the topics covered. Lack of State Funding • Over the past few decades state funding has not kept up with the rise of economic inflation. • The average inflation rate for college tuition is nearly double the economies. • State funding
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about the ethical basis of human resource management. EHR_C02.qxd 6/6/07 3:55 PM Page 27 28 The ethical nature of HRM ‘All HR practices have an ethical foundation. HR deals with the practical consequences of human behaviour’. (Johnson‚ 2003) ‘The entire concept of HRM is devoid of morality.’ (Hart‚ 1993: 29) Despite these moral appreciations of human resource management (HRM)‚ there is a strong tradition in business that insists that
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Determine the coefficient of correlation and the coefficient of determination. Interpret the association between X and Y. X Y x^2 xy 5 13 25 65 3 15 9 45 6 7 36 42 3 12 9 36 4 13 16 52 4 11 16 44 6 9 36 54 8 5 64 40 39 85 211 378 r = (378) - (39)(85) / 8 = -36.375 √[211 - (39)^2 / 8] * √[983 - (85)^2 / 8] r= -.8908 r^2= .7935
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Totals Compromise Totals Question # A B Question # A B Question # A B 1 2 4 2 4 3 3 2 4 6 2 4 7 2 3 8 3 4 11 4 5 12 2 2 13 4 4 16 2 5 17 4 4 18 4 4 21 3 5 22 3 2 23 3 4 Total 13 23 15 14 16 20 Accomodation Totals Collaboration Totals Question # A B Question # A B 4 4 4 5 4 4 9 4 4 10 4 4 14 4 4 15 4 4 19 2 2 20 4 4 24 4 4 25 4 2 18 18 20 18 Application 5.2 2. For those who
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