Question 1. In this day of age education is everything. To the corporate jobs‚ government jobs‚ or even small business are all driven through the power of education. It has become the top priority to landing a successful job‚ with a well deserving pay. It was once said that "education is the key to success." Education does not discriminate against sex‚ the color of your skin‚ or even your age. In this example Ms. Natale is a 73 year old woman who is thinking about going back to school to finish
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1. What could be the main sources of the inventory mess created by Sandusky? “Sandusky is managed by so called earn and turn concept.” (Min‚ 2015‚ p. 171) This method of inventory analysis only measure profitability as whole not individual products. Which is the root of their inventory issue. Causing production to produce unwanted goods. Leading to excessive inventory. ““I think Earns & Turns is a very useful analysis tool. It’s a great measure of the profitability of a product. Only thing I would
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1. How has the convenience-store concept evolved in the United States. A company called Southland Ice Company found 7-Eleven in Dallas‚ Texas in 1927. They initially started by selling ice blocks that were used to refrigerate food in homes. Later‚ an employee at one of the stores started offering common essential groceries such as milk‚ bread‚ and eggs on Sundays. Customers valued the convenience of this since regular grocery stores were closed for the weekend. As this become popular‚ the stores
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1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. Prior to 1984‚ the Corporation used principally accelerated methods for its U.S. operating plants. The cumulative effect of this change‚ which was applied retroactively to all assets previously subjected to accelerated depreciation‚ increased net income for 1984 by $11.0 million or $.93 per common and common equivalent share. The changes as defined in Note 2 are as follows:
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Explain the data collected by Zara to predict the trend. What makes the middle aged mother to buy cloths in Zara while the daughter aged in mid 20s buys Zara clothing? Because it is fashion able and up to trend. By collecting data and focusing on shorter response times‚ the company ensures that its stores are able to carry clothes that the consumers want at that time. Zara can move from identifying a trend to having clothes in its stores within 30 days. That means Zara can quickly and catch a winning
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ANSWERS TO STUDY QUESTIONS CH 1 1. Why is management important to society? For a society to survive and prosper there must be maintained efficient and effective management of the production of goods and services. 2. Why is management important to individuals? The management function is a source of employment to 18% of the growing work force. It offers good salaries‚ status‚ and opportunities for personal growth. 3. What is the role of the manager? The role of the manager
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Situation A: The Family Medical Leave Act (FMLA) ensures that full time employees are able to preserve their jobs in the event that they must take extended amounts of time off for medical or family care. In reviewing the details in Situation A‚ it appears that the employer did not violate the Family Medical Leave Act. In order to qualify for protection under FMLA‚ the employee must meet specific criteria. First‚ the employee must a full time employee that has worked for the employer a minimum of
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Trembley was a Swiss naturalist who first studied the fresh water hydra. When Trembley first observed hydra he thought that they were plants because of their green colour‚ appearance and immobility. Trembley then observed the body contractions and relaxations and the movement of the tentacles and so called them very sensitive plants. When the surrounding water is disturbed hydra shows contractions and relaxations of the body. This made Trembley perform an experiment in which he cut the polyps and
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Week 6 MKC3220 Case Analysis Student ID: 22339647 Student Name: Leiyu Donna HUO Please watch the video case of Michel’s patisserie and answer the following question in written format (also prepare the answers to other questions listed on the tutorial agenda for tutorial discussion): What is your assessment of Michel’s initial launch into China? What would you have done differently? China has a tea-drinking culture‚ and tea has dominated for centuries. The coffee consumption in China is relatively
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UNIQUE CHALLENGES OF INTERNATIONAL STAFFFING HR managers are responsible for staffing operations globally. There are three main ways of staffing internationally. First‚ the company can send people from its home country. These employees are often referred to as expatriates‚ or home-country nationals. Second‚ it can hire host-country nationals‚ natives of the host country‚ to do the managing. Third‚ it can hire third-country nationals‚ natives of a country other than the home country or the host
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