Week 2 Individual Assignment Brian Blackwell RES/320 December 17‚ 2012 Kerry Jones Week 2 Individual Assignment Chapter 5 Discussion Questions 2 and 3. Question 2: Define the distinctions between primary‚ secondary‚ and tertiary sources in a secondary search. Primary sources are data that has not been interpreted and are the original research performed. These sources are from the source of the information. The data given from a primary source has not been translated into information
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Juniper is a current enhancement of a widget that Piper Industries is expanding on. The risk completion is low and the critical path is estimated at 6 months with a cost of $325‚000 to bring the product to market. ROI for this project is $250‚000 for a period of 2 to 3 years with the third year forecasted to be the end of life due to advances in projected technology. Customer demand for this product is believed to be high. Project Palomino is a new line widget using existing technology with a medium
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Individual HW2 Name: 8-1 Widget Market The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $30‚ $29‚ $20‚ $16‚ and $12. Five buyers are willing to buy one widget at the following prices: $10‚ $12‚ $20‚ $24‚ and $29. What is the equilibrium price and quantity in this market? Equilibrium price is $20 and the quantity is 3 units. 8-4 Candy Bars Market a. In the accompanying diagram (which represents the
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management and supply chain management‚ the two are different in that: o Operations management focuses on processes‚ supply chain management focuses on relationships and flows. 7) Johnson Company makes widgets‚ which it then sends to Smith Company. Smith Company puts the widgets in packages. Smith Company is considered by Johnson to be a: o Downstream product supplier 8) To an operations manager the "critical customer" is: o The person who has the greatest impact on
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EGT1 Economics & Global Business Applications (V1 UG 0213)-PA Name: Christopher Talag Student Number: 274350 Task 1: A. Explain profit maximization from the following approaches: Profit maximization can be explained according to the following approaches according to McConnell (2012): 1. Total revenue to total cost - profit maximization is achieved when the difference of the total revenue minus the total cost is at the highest point. 2. Marginal revenue to marginal cost - means that profit
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in order to quantify the desired outcomes and diminish counterproductive ones. Main performance issue as detailed in the Team Performance Report sheet (TPR) in the Product Development Team (PDT) that creates performance issues with the products (widgets) produced so far represents the lack of cooperation and communication between manufacturing department and PDT‚ during the budget cuts‚ i.e. reduction of manufacturing costs where changes in design are unilaterally undertaken by manufacturing department
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countries. C) generally decreased. D) became more stable. Answer: D Question Status: Old Table 2.2 Workers in the Widget Industry 7) According to Table 2.2‚ real earnings in the Widget Industry in 1986 were A) $22‚500. B) $12‚640. C) $11‚538. D) $15‚730. Answer: B Question Status: Old 8) According to Table 2.2‚ in which year were the real earnings of workers in the Widget Industry highest? A) 1966 B) 1976 C) 1986 D) 1996 Answer: B Question Status: Old 9) A worker’s total compensation
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“In a world where everything is an illusion‚ how can one know what is real?” In the Night circus‚ it is quite hard to discern this. Within the text‚ in the simplest of terms‚ an illusion is manipulating an environment or someone’s vision/view. Finding the reality of this novel lies with the characters and their relationships‚ emotions and their reactions to their experiences and how these things can be altered by a person’s perspective and their knowledge. The game is an illusion because of how
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rise with the change is production of your product. A good example of a fixed cost is rent. No matter how many widgets you make (within a relevant range) your rent will not increase. A variable cost‚ on the other hand‚ does change with the amount of production. A good example of this is raw materials. If you make more widgets you will need more raw materials to produce those widgets. So a variable cost changes in direct proportion in the cost driver level. (Horngren‚ Sutton‚ and Stratton p.46)
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Fixed Costs of Php 1.08 million and sales volume of 10‚000 widgets. Solve the following: 1. Unit contribution margin 2. Contribution Margin Ratio 3. Breakeven point in units 4. Breakeven point in Pesos 5. Margin of Safety in Units 6. Margin of Safety in Pesos 7. Degree of Operating Leverage D. Assume Unit Selling Price of Php 200‚ Unit Variable Cost of Php 120‚ Total Fixed Costs of Php 4 million‚ sales volume of 8‚000 widgets and Tax Rate of 40%. Compute for the needed sales in units
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