COMM 225: Production & Operations Management TOPIC: PROJECT MANAGEMENT – QUESTIONS (To be solved in class) Q1 (Ref: Q. 17-7‚ p658 of textbook): Three recent university graduates have formed a partnership and have opened an advertising firm. Their first project consists of activities listed in the following table. (a) Draw the precedence network. (b) What is the probability that the project can be completed in 24 days or less? In 21 days or less? (c) Suppose that now is the end of the seventh day
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Quiz 7: Chapter 4: 1. This statement is true in that good leadership has the ability to inspire confidence and support among people who are needed to achieve common goals. 2. Also for a project manager leadership is the process in which they influence a team to get the job done effectively. The PM will hold everyone accountable which will in turn put out a good outcome. 3. Key differences between a manager and a leader is manager is a title given to someone which permits them to plan‚ organize
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Exam Chapter 1-5 Name 1) Managers usemanagement accounting information to A) implement C) communicate strategy. B) choose D) All of these answers are correct. 2) Place the four business functions in the order they appear along the value chain: Customer service Design Marketing Production A) Design‚ Production‚ Marketing‚ Customer Service B) Customer Service‚ Design‚ Production‚ Marketing C) Design‚ Customer Service‚ Production‚ Marketing D) Customer Service‚ Marketing
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Chapter 1 Answers to End of Chapter Questions 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
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• Question 1 1 out of 1 points On the managerial grid‚ a leader who is high in both concern for people and concern for production would rate ________. Answer Selected Answer: (9‚9) Correct Answer: (9‚9) • Question 2 1 out of 1 points Recent studies indicate that this measure of ability is the best predictor of who will be a leader in an organisation. Answer Selected Answer: Emotional intelligence. Correct Answer: Emotional intelligence
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Question 1 10 out of 10 points | | | Which of the following reasons might lead to an early project termination for convenience?Answer | | | | | Selected Answer: | A. The customer faces changing priorities. | Response Feedback: | Correct | | | | | Question 2 10 out of 10 points | | | Which of the following is a trait of active listening during meetings?Answer | | | | | Selected Answer: | B. Asking clarifying questions and paraphrasing to confirm
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QUESTION 4 A) What would be the two advantages of 2nd mover over the 1st mover like Lin Wei ANSWER : The advantages of 2nd mover is get to study and observe the customer’s reactions‚ the extent of product innovations‚ mistakes of first movers so that they would try to avoid similar problems. By doing that‚ the 2nd movers would able to minimize huge capitals investments. Apply to this case‚ the second mover the second movers can study the market feedback about Lin Wei business whether
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operations management and how is different from operations research? Operations Management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. The operations management of any organization involves the design‚ operation‚ and improvement of the systems that create and deliver the primary products and services of the organization. From an organizational point of view‚ operations management might be defined as the management of the direct
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WORK BOOK- UNIT 5 A/601/8574(HSC 24) Learner Name: Date completed: | | |UNIT 5 A/601/8574 (HSC 24)- | |Principles of Safeguarding and Protection in Health and Social Care.
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Please submit your HW (Hardcopy) at the end of lecture OR to my office (L214) QMDS 400 Project and Quality Management HW#2 DUE 6:00pm 18 Nov 2014 Name:_______________________ Student ID:___________________ Note: Late submission will NOT be accepted! PROBLEMS P1. After a number of complaints about its directory assistance‚ a telephone company examined samples of calls to determine the frequency of wrong numbers given to callers. Each sample consisted of 100 calls. The results to date are shown
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