Final Exam‚ 2010-11‚ Block C Dr. Lily Lin‚ MBA‚ Mr. P. Griep‚ Dr. M. Lewison‚ & Dhr. F. de Vries Student Name: __________________________________ Student ID: __________________ Below is a hotel case. You are required to answer all of the questions based on your theoretical knowledge and application skils: * Terminologies/abbreviations in the case are a part of the exam. No additional explanation will be given.. * All necessary information is included in the case. If the
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FISHBONE DIAGRAM The cause-and-effect diagram was initially developed by Japanese quality expert Professor Kaoru Ishikawa. In fact‚ these diagrams are often called Ishikawa diagrams; they are also called fishbone charts for reasons that will become obvious when we look at an example. Cause-and-effect diagrams are usually constructed by a quality team. For example‚ the team might consist of service designers‚ production workers‚ inspectors‚ supervisors‚ quality engineers‚ managers‚ sales representatives
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1. Agency Problems of MNCs. a. Explain the agency problem of MNCs. ANSWER: The agency problem reflects a conflict of interests between decision-making managers and the owners of the MNC. Agency costs occur in an effort to assure that managers act in the best interest of the owners. b. Why might agency costs be larger for an MNC than for a purely domestic firm? ANSWER: The agency costs are normally larger for MNCs than purely domestic firms for the following reasons
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BALANCED SCORECARD The Balanced Scorecard is a measure of the key elements of a company’s strategy‚ ranging from continuous improvement and partnerships‚ to team work and innovation. Organisations design their unique balanced scorecard based upon their unique constraints. A company’s performance depends on how it measures its performance. Managers cannot afford to rely on either financial or operational measures exclusively. No single measure provides a clear performance target
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BMA5001 Managerial Economics Sem I‚ 2012/2013 ANSWER KEYS TO MIDTERM EXAM QUESTION I (4x10 = 40 marks) Choose the most correct answer for each of the following ten multiple choice questions. Note: No explanation is required. Please answer in the order of the questions. 1. Ceteris paribus‚ which of the followings would shift the demand curve for new textbook to the right? a. b. c. d. e. f. An increase in the price of the textbook; An increase in the supply of equivalent used textbooks;
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In the story “A Ghost Story” by Mark Twain‚ it tells the saddening story of someone who is not accepted trying to be himself again. At first‚ the story uses literary elements in order to set up fear and anxiety for the character in question. Then‚ the main character‚ who remains nameless throughout the story‚ tries to settle down the monster‚ and successfully does so and starts talking to him. He tells him that he is the ghost of the Cardiff Giant‚ and he was trying to haunt the museum across the
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Most Improved Club Essay Compared to the beginning of the term‚ Enochs Key Club has become an exceptionally active club due to the hard work of all of its members‚ officers‚ and advisors. Last term‚ our club was known to be one of the inactive clubs of the division. We had a mere total of 157 service hours‚ raised $0 for charity or the club itself‚ had little to no meetings‚ officers who did not fulfill their duties‚ almost no active or interested members‚ an uncompleted club roster‚ MRP‚ and service
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the offices‚ all the computers should be able to view and update the data from any of the three offices. In other words‚ the data storage server within each LAN should be accessible to all computers‚ no matter where they are located. Draw a network diagram that will support this configuration. 3. A small start-up company has a Web-based customer sales system that is written by using PHP and JavaScript. The company is deciding whether to host the system on its own servers‚ contract with a hosting
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14‚2012 1. What is set? Answer: A set in mathematics is a collection of well defined and distinct objects‚ considered as an object in its own right. Sets are one of the most fundamental concepts in mathematics. Developed at the end of the 19th century‚ set theory is now a ubiquitous part of mathematics‚ and can be used as a foundation from which nearly all of mathematics can be derived. In mathematics education‚ elementary topics such as Venn diagrams are taught at a young age‚ while more
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Interaction Diagram:- means a situation or occurrence in which two or more objects act upon one another to produce a new effect in an understandable format. Interaction is a part of dynamic behavior of the system represented in UML by two diagrams known as Sequence diagram and Collaboration diagram. Meaning of Collaboration Diagram:- also called a communication diagram or interaction diagram‚ is an illustration of the relationships and interaction between entities or objects in the Unified Modelling
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