Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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- Question 13: A group of final year students would like to start up their business on the campus of the university they are currently studying. They have consulted several owners of on-going business on the campus and have obtained the following information: Activity Description A Prepare Company Profile Immediate Time Estimates Predecessor Optimistic (a) Most Likely (m) Pessimistic (b) 1 4 7 4 B Prepare Proposal Paper CDE Obtain Business License MOF registration A,B A,B Register with Companies Commission Malaysia C,D F Audited Report E G Obtain Tax Payment License H Obtain Business Premises License D E,F,G 1 Briefing H J Interview H K Roundtable Discussion H L Acquire Tender I,J,K M Complete Agreement of renting & Stamping M 22226332HI 1 1 1 1 3544 7552233m 8 006627733 14 N Proceed With Business L 7 14 5452 21 QUESTIONS: (a) Draw the project network. (b) Apply PERT/CPM and provide the information or table on the ES, EF, LS, LF and slack times for all the activities. What are the…arrow_forwardQuestion 4 "You are a project manager for a 10,000 sf industrial garage project in Toronto with a contract value of $1,350,000 and a contract duration of 6 months. You are preparing a status report for the project at the end of Month 3. The following progress data is available. What would be the forecast for estimate at completion for the project as of this reporting period? Use the CPI method of forecasting." PROJECT PLANNED DURATION REPORTING PERIOD Project Progress Data Planned Value (PV) Earned Value (EV) Actual Cost (AC) O "$1,080,000" "$1,215,000" O "$1,323,000" O "$1,161,000" INDUSTRIAL BUILDING 6 MONTHS MONTH 3 Month 1 $225,000 $250,000 $225,000 Month 2 $225,000 $250,000 $225,000 Month 3 $225,000 $250,000 $225,000 Month 4 $225,000 Month 5 $225,000 Month 6 $225,000arrow_forwardFirst-line Managers – Question 15 options: Have direct responsibility for producing goods or services It includes Foreman, supervisors, clerical supervisors Both A&B Nonearrow_forward
- Middle Managers – Question 14 options: Coordinate employee activities Determine which goods or services to provide Decide how to market goods or services to customers It includes Assistant Manager, Manager All of the abovearrow_forwardQ.1) Identify other key resources or capabilities possessed by Next discussed in the article. Capabilities: One of Next’s main capability which Wolfson implemented on Next was to change the existing methodology that was used by Bronek Masojada, with respect to his ideology which he executed was the use of the catalogue, and replace it with modern day technology by introducing ecommerce, which paved way for consumers to purchase goods online, this then gave Next a leverage over other stores as well as avoid the disturbances caused by Covid-19. With ecommerce next has been capable of generating 500m in sales in overseas Online store label which started off as an experiment selling sports wear has been making good money around 500m just last year With the innovation of total platform next has become online host for other well known brands to help launch their products on ecommerce. Which can bring customers to next website. With covid-19 around the corner next online sales have been all…arrow_forwardQuestion 3 With the article above in mind, propose how the three and four star Dubai hotels can design a customer driven marketing strategy and segment the consumer market.arrow_forward
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