Define scientific management

Q: Discuss how a transportation manager might take advantageof the trade-offs between price and service...

A: There is a perfect trade-off between price and service. To avail services, the price has to be paid....

Q: Give an example of a product that has undergone the four phases of the product life cycle and has ac...

A: As we know product development is part of all departments in an organization i.e. marketing, finance...

Q: A car rental agency has a budget of $1.96 million to purchase at most 110 new cars. The agency will ...

A: Solution Let X1 be the number of subcompact cars to be purchased and X2 be the number of mid-sized c...

Q: What should auditors do if during a review of financial statementsthey discover that applicable acco...

A: As we know that every organization needs certain standards and procedures that needs to be implement...

Q: Discuss the following statement: Supply management not only buys parts or services from suppliers—it...

A: Supply management is a process that ensures the proper transfer of goods to customers in an effectiv...

Q: 1. What of the following is a reason why an employee candidate selects a company? A) Company cultur...

A: Ans -1 - (D) All of these are correct There are many reasons for an an employee candidate to select ...

Q: What is a fishbone diagram, and why would you use one? Think of a problem you have experienced at sc...

A: Fishbone diagram is also known as the Ishikawa Diagram and cause and effect relationship diagram.  T...

Q: Answer the number 2 question.

A: 2. The set of principles, standards, and behaviours that direct and inform the activities of all tea...

Q: The Big Buy Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes peryear (365 days...

A: Optimal order size referred to as economic order quantity. Re-order is a point in inventory manageme...

Q: Give examples of industries that are affected by seasonality.Why would these businesses want to filt...

A: Seasonality refers to predictable changes that occur over a specific period in a business or economy...

Q: A) who are the stakeholders. B) Coronavirus is shaking up business on a massive scale. As a manager ...

A: A. Stakeholders- A stakeholder is a person or a group who has an interest in a company, Specially fo...

Q: You are a manager at a certain factory that designs small gadgets. The factory has been quite succes...

A: With the help of a decision tree, it will be easy for the CEO to take a decision in a good or bad ec...

Q: What is a “learning curve strategy’’? Describe how this strategy led to Ford’s success up until the ...

A: Curve is the virtual representation of information provided and displayed. It is a method of display...

Q: The Dominion bank is currently cracking the whip on banks that are not meeting its regulatory requir...

A: Proactive approach - The proactive approach attempts to understand a system even before it fails (un...

Q: Due to less business at many car repair workshops during lockdown, some of the workshops had to layo...

A: Information technology has made it a monopoly in every sector of the world whether it is business, b...

Q: Describe what is Implementation of lean?

A: Lean implementation: Lean Implementation is a transformational process and needs to support organiza...

Q: Do you think it is possible to reliably construct good emotions and moods in people? Why or why not?

A: Yes, it is possible to reliably construct good emotions and moods in people.

Q: Slick Pads is a company that manufactures laptop notebookcomputers. Th e company is considering addi...

A: Given Fixed cost = $500,000 Variable cost = $200/unit Unit Price = $350

Q: What Is assembly chart?

A: An assembly chart is used to display the sequence required to put a finished product together. It sh...

Q: Explain the concept of contribution and limiting factors and how it can be effectively used in decis...

A: Limited factor is any factor that restricts a company or an organization's activities. In simple wor...

Q: Find the optimal production policy for the following single period problem with the following data: ...

A: 1200

Q: How can you evaluate the accuracy of a forecast model? explain in detail

A: Forecasting is the process of making assumptions of the future on the basis of past and present data...

Q: Describe the three phases of new-product development?

A: Phase First: Idea Generation & Screening This is the first stage where a source for ideas of a n...

Q: A jet engine has 10 components in series. Th e average reliabilityof each component is 0.998. What i...

A: Reliability is the term which is defined as the component or the entire system probability would per...

Q: The University Bookstore at a prestigious private university buys mechanical pencils from a wholesal...

A: Compute Economic Order Quantity (EOQ) when unit price is $4.00 (0 to 200): EOQ=2×Annual demand×Order...