QM 300 Midterm Part I 1. Project management: a) Is the planning‚ scheduling and controlling of project tasks to meet objectives. b) Is used primarily in construction and public works. c) Requires less communication than ongoing process management. d) Focuses on well-understood‚ unambiguous tasks and relationships. Using the following project‚ with activity times estimate in days and a critical path of CH-J-K‚ to answer the next 3 questions: Activity A B C D E F G H I J K Immediate Predecessor
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Chan Mei Chun S11067119a Assignment 1 of MGT B240 Principles and Practices of Management Q1. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Q2. a. The contingency approach recognizes that different organizations require different ways of managing. It emphasizes the need for organizations to identify the variables which are significant for them in any particular situation. It specifically identifies the internal and external factors which influence the organization at any one time. It makes managers realize that
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Religious are the three major approaches people can take. The foundations of ethics are all based on reason‚ emotion‚ and intuition. Virtue ethics and care ethics is difficult to discuss without bringing up Aristotle or Confucius. Absolutism vs Relativism are conflicting theories within ethics. Consequentialism and deontological ethics‚ free will vs determinism are all subjects we will be discussing. “We do not act rightly because we have virtue or excellence‚ but we rather have those because
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MAN3052 January 8‚ 2013 Homework #1 Chapter 1-Highlighted Terms 1. Organizations: Collections of people who work together and coordinate their actions to achieve a wide variety of goals or desired future outcomes 2. Management: The planning‚ organizing‚ leading‚ and controlling of human and other resources to achieve organizational goals efficiently and effectively 3. Organizational Performance: A measure of how efficiently and effectively a manager uses resources to satisfy
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CHAPTER THREE STRATEGIC MANAGEMENT PRACTICES OF WARID Warid is a service providing company in Bangladesh. For this service providing Warid follows some strategies to satisfy customers. Some of them are as follows- 3.1. Pricing strategy: Warid follows the following strategies to set up the strategy- 1. A low cost provider strategy: This strategy indicates setting price as low cost. The prepaid product price of Warid is 149TK only and the low call rate of Warid is 0.25TK per minutes for
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WHAT IS MANAGEMENT Its is basically achieving goals through people‚ manage the organization resources there are basically 3 resources financial resources ‚ human resources and physiological resources. Functions of management There are four functions of management planning organizing leading and controlling . Planning is basically defining the goals‚ answering the questions like what to do? How to do? In organizing phase managers allocate and manage the recourses‚ financial‚ human and
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UNIVERSITY OF ILLINOIS AT CHICAGO Liautaud Graduate School of Business Department of Finance Professor Hsiu-lang Chen 1 Practice Problem I In choices under uncertainty‚ individuals maximize his or her expected utility U! Part I. Expected Utility (Lecture 1) A casino company offers a simple game which is described as follows: The prize of the game depends on two unbiased coins you toss. If both heads appear‚ you get $200. If both tails appear‚ you get $100. Otherwise‚ you get $150. 1. The company
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Does Ethical Relativism really exist? Ethical relativism is based on society and also individual’s desires. With that being said ethical relativism varies from culture to culture and person to person. Does this mean that ethical relativism is any less of a valid theory than other theories? We shall find out in the next 3 pages. Joseph Ratzinger once said “having a clear faith based on the creed of the church is often labeled today as fundamentalism. Whereas relativism‚ which is letting
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11-1 Inventory Management 11-2 Inventory Management CHAPTER Operations Management 11 William J. Stevenson Inventory Management 8th edition McGraw-Hill/Irwin Operations Management‚ Eighth Edition‚ by William J. Stevenson Copyright © 2005 by The McGraw-Hill Companies‚ Inc. All rights reserved. 11-3 Inventory Management 11-4 Inventory Management Types of Inventories Inventory: a stock or store of goods Independent Demand A Dependent Demand Raw
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this process. Benchmarking is the process of identifying "best practice" in relation to both products (including) and the processes by which those products are created and delivered. The search for "best practice" can take place both inside a particular industry‚ and also in other industries. The objective of benchmarking is to understand and evaluate the current position of a business or organization in relation to "best practice" and to identify areas and means of performance improvement. Benchmarking
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