1. The time between arrivals of cars at MRR Service Company is shown in the following probability distribution: Times between Arrivals (Min) Probability 1 0.15 2 0.30 3 0.40 4 0.15 1.00 a) Simulate the arrival of cars at the company for 20 arrivals‚ and compute the average time between arrivals. Random number: 39‚ 73‚ 72‚ 75‚ 37‚ 02‚ 87‚ 98‚ 10‚ 47‚ 93‚ 21‚ 95‚ 97‚ 69‚ 41‚ 91‚ 80‚ 67‚ 59. b) Simulate the arrival of cars at the service station for one hour‚ and compute the average time between
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Issuing Audit Reports Simulation Stakeholders in companies rely on the auditors for confirmation that financial information is accurate. The auditor ’s opinions and observations are presented to interested parties in the form of the audit report. Any reservations the auditor may have to the fairness of the financial statements is stated in the audit report. Also included is a summary of any justified departures from generally accepted accounting principles (GAAP) and their effects. There are
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Littlefield Simulation Write-up December 7‚ 2011 Operations Management 502 Team 9 Littlefield Lab We began our analysis by searching for bottlenecks that existed in the current system. It was easily identified that major issues existed in the ordering process. Without calculations‚ you could tell the reorder point was too low since the historical plots showed inventory levels at zero for two or more days at a time. The number of jobs in customer orders showed correlating spikes at the same
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TEAM B TEAM B ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10‚ 2013 ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10‚ 2013 The objective of the audit of financial statements is to enable the auditor to express an opinion if the financial statements are prepared
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Simulation Jeneal Clegg 04/02/2013 Jonathan Neville SCI 362 In this simulation we were to review the pros and cons of allowing a foreign pharmaceutical company‚ Colney & Pitts located in California‚ to be able to harvest the rainforests tree’s bark‚ and build a manufacturing plant in the Kenyan highlands‚ to help in finding medication or herbal remedies for patients‚ by using the harvested bark to create synthetic medication. This particular simulation was going to affect the rainforest
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HRM Simulation Final Report Absenteeism Our goal for absenteeism was to decrease it from 498 to 120 by quarter 8 by maintaining high morale and offering health benefits to keep employees healthy. We also planned to keep our accident rate low in order to reduce absenteeism. We decided to focus the fringe benefits we offered on health benefits. We thought this strategy would work because we felt that absenteeism was caused by three factors: employee sick days (health)‚ employee injury claims (accident
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Ethics Game & Reflective Journal This journal contains the reflection of the Ethics Game simulation assignment. The purpose of this paper is to describe the steps and process that I used to answer the ethical questions involved in two simulation games: The case of the troubled Teen and Policies and Politics. In addition I will also discuss how these concepts relate to my workplace. The case of the Troubled Teen: This case describes the case of an unmarried‚ 16 year old pregnant patient (RB) admitted
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Ethics Game Simulation MGT 216/Organizational Ethics and Social Responsibility By: Luiza Balyan University of Phoenix Larry Henry November 21‚ 2011 The ethics simulation game is designed to teach us how to make ethical decisions especially when the company is facing challenging times. Making ethical decisions is not an easy task when ones decision will possibly have a great impact on each of the company’s stakeholder
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Economic Issues Simulation Paper HCS 440 – Economics: The Financing of Health Care Economic Issues Simulation Paper Health care system has evolved tremendously in the last few years‚ with many changes with the health care laws including but not limited to Universal Health Care‚ many individuals have choices when it comes to their coverage. According to healthcare.gov‚ in January of 2015‚ an employer with 50 or more full time employees will have to make an Employer Shared Responsibility
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Assessing Materiality and Risk Simulation Assessing Materiality and Risk Simulation Why do certain accounts have to be audited 100%? Because there is only four months to complete the audit the auditor cannot sample more than three accounts. Inventory‚ accounts payable‚ and property‚ plant‚ and equipment have numerous transactions so they would be very time consuming to audit 100%; therefore‚ the auditor should only sample these accounts. However‚ the auditor should audit accounts like cash‚
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