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- Your top team member has performed extremely well, and you want toreward her. She knows that you don’t have enough money in the budget togive her a bonus, so she approaches you and requests an extra day off, eventhough she is out of vacation days. She asks if she can take one of her sickdays, even though the company doesn’t allow that. Which of the following iscorrect?A. You should give her the time off, because McLelland’s Achievement Theory statesthat people need achievement, power, and affiliation to be motivatedB. You should give her the time off, because Expectancy Theory says that you need togive people an expectation of a reward in order to motivate themC. You should give her the time off, because a Theory Y manager trusts the teamD. You should not give her the time off Which of the following is NOT a tool or technique of Qualitative RiskAnalysis?A. Risk urgency assessmentB. Expected monetary value analysisC. Probability and impact matrixD. Risk categorizationHow does the target manpower change as the demand rate increases?a. The target manpower increases.b. The target manpower stays the same.c. The target manpower decreases.d. Cannot determine from the given information.Saved Unit 5 Assignment Listed below are eight terms: 4 Balanced scorecard Return on investment Stock options Capital turnover Residual income Management compensation Return on sales Business process lens Each of the following statements may (or may not) describe one of these terms. For each statement, indicate the term described, or answer "none" if the statement does not correctly describe any of these terms. Ask a. Tells managers the incremental operating earnings for each additional sales dollar. b. The focus of this business performance measurement is the sales dollars earned from each invested dollar. C. A tool used by managers and owners of organizations to align managers' goals with those of the organization. d. This method considers all costs borne by the consumer from purchase to disposal of a product. A business performance measurement that takes into account the minimum required return on the assets e. employed. Measures for this category of business performance are…
- 2. What is the difference between 99.9% uptime per month and 99.9% uptime per year?The management of Hartman Company is trying to determine the amount of each of two products to produce over the coming planning period. The following information concerns labor availability, labor utilization, and product profitability: Labor-Hours Required Department A B с (hours/unit) Product 1 Product 2 Hours Available Production 1.00 0.30 Profit contribution/unit $30.00 0.20 38.27 0.35 0.20 0.50 $15.00 (a) Develop a linear programming model of the Hartman Company problem. Solve the model to determine the optimal production quantities of products 1 and 2. If required, round your answer to two decimal places. Product 1 Product 2 69.77 M 95 72.09 38 50 (b) In computing the profit contribution per unit, management does not deduct labor costs because they are considered fixed for the upcoming planning period. However, suppose that overtime can be scheduled in some of the departments. Which departments would you recommend scheduling for overtime? Dept A What is the upper limit of what…3a. Set-up time is considered to be a non- value added activity. Estimate the impact of 60% reduction Of set-up time on: (i) Economic production quantity, and (ii) Machine utilization. 3b. OEE is a metric used to estimate the overall efficiency of a machine. Find the OEE of an operator performing a manual cycle. Assume reasonable data for different elements as you estimate the metric.
- A local firm manufactures children’s toys. The projected demand over the next fourmonths for one particular model of toy robot isForecasted DemandMonth Workdays (in aggregate units)July 23 3,825August 16 7,245September 20 2,770October 22 4,440 Assume that a normal workday is eight hours. Hiring costs are $350 per workerand firing costs (including severance pay) are $850 per worker. Holding costsare $4.00 per aggregate unit held per month. Assume that it requires an averageof 1 hour and 40 minutes for one worker to assemble one toy. Shortages are notpermitted. Assume that the ending inventory for June was 600 of these toys and themanager wishes to have at least 800 units on hand at the end of October. Assume thatthe current workforce level is 35 workers. Find the optimal plan by formulating as alinear programNote: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827Weekly rate ($1,827 × 12)/52 = $421.615 rounded to $421.62Hourly rate $421.62/40 = $10.540 rounded to $10.54O.T. rate $10.54 × 1.5 = $15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Paying Less Than the Minimum Wage Under certain conditions, wages lower than the minimum wage may be paid to some employees. Tipped employees. A training wage allows employers to pay $4.25…24 - Which of the following is the concept of wage calculated based on the result of the work done? a) Tuning Fee B) Fee by Time NS) Fee Paid by Percentage D) Lump-sum Fee TO) Premium
- If the job is taken as a rush order with the knowledge that overtime will be necessary, theovertime premium should be charged to:a. Specific jobb. General expensec. Factory overheadd. Selling expenseA proper is needed in order to prepare the job description and job specification documents. * O Job abstract Job analysis Recruitment Job rotation The relationship between the volume of sales and the number of employees is a(n) one, * O Proportional Negative Stable Neutralb. The Healthy Food Restaurant, a 24-hour restaurant, faces changing requirements from hour tohour. More workers are needed for peak hours, and fewer are needed in between. The followingTable 6 (below) shows the worker requirement for the first 12 hours in the restaurant:Table 6. Staff Requirement at the Healthy Food RestaurantTime Period 10AM11AM12PM1PM2PM3PM4PM5PM6PM7PM8PM9PMRequirement 8 10 12 12 9 7 6 7 9 10 12 8AssignedOn DutyOverstaffed8(i) You are required to apply the first-hour principle to staff each hour with the required number ofcafeteria staff, showing how many staff are on duty each given hour, the number of staffyou have assigned to work each hour and any overstaffing for each hour. i. Schedule the staff to work in 8-hour shifts.