Forecasts
Q: 9- Occidental Oman is thinking to merge with another company in the oil industry. In this regard who...
A: A merger refers to an agreement through which two different companies are united as one and subseque...
Q: Do You believe implementing a CP plan is a good idea? what are the potential benefits of doing so t...
A: Yes I believe that implementing the CP plan is a Good Idea because it has many potential benefits a...
Q: When you are Receiving, Inspecting and Examining purchased components, what should you be mindful of...
A: Counterfeit goods are those goods that are fake or pirated in nature. They are not real but might lo...
Q: Complaint letter address to: Mr. Billy Richards, Manager ...
A: A complaint letter to Mr. Billy Richards, Manager BRS Bakeshop, Estrada Subd. Greenhills San Juan. ...
Q: If all the processing equipment and machines are arranged according to the sequence of operations of...
A: The layout can be defined as the design or a plan that is laid out and is considered as an arrangeme...
Q: A company operates for 50 weeks a year and uses a fixed quantity inventory system for one of its mos...
A: THE ANSWER IS AS BELOW:
Q: Your company is planning to move to a new location, and have asked your 200 employees, what factors ...
A: Given data : Factors A B C Personal safety(150) 80 70 50 Proximity of the day care(100) 50 80...
Q: Why is Seattle, Washington such an attractive location for company headquarters?
A: Seattle is the largest Northern city in the United States. Seattle is also known as Emerald City. Se...
Q: The audit partner has just advised you that he has been approached to accept the appointment of audi...
A: An audit partner is an individual who acts as a full partner in the accounting firm who possesses a ...
Q: Fred Sporting Equipment, Inc. makes two different types of baseball gloves: a regular model and a ca...
A: PLEASE NOTE AS PER THE BARTLEBY POLICY I HAVE SOLVED THE FIRST THREE PARTS. PLEASE POST OTHER PARTS ...
Q: A small real estate company recently hired Frances to be its administrative manager. The owners recr...
A: Actual case: The actual case for this study is Frances is a newly appointed administ...
Q: 7 Which one of the following is the iterative component of internal control system for mitigating ri...
A: Internal control is one of the most critical components of every company. Financial reporting is acc...
Q: Operations Management Question
A: Lean Six Sigma: It is a process to improve the performance of the organization by eradicating the wa...
Q: Actual measures of ______ is/are critical to the controlling process. Select one: a. transformation ...
A: The "Controlling Process" is a method that can be used to ensure standards are being met inside an a...
Q: Kuching Famous cake entrepreneurs Atim and Akat produce two types of premium cake products: Atim and...
A: Below is the solution:-
Q: Hey can you please help me with this question please thank you. :(
A: Observational assessment: This type of assessment is done when information is gathered or collected ...
Q: what are two ways in which the duties of an administrator differ from those of an executor?
A: Executors and adminstrators both are fiducaries, with high degree of power granted by the law. They ...
Q: One of the essential steps of the system development life cycle is preparing feasibility studies, in...
A: A feasibility study is used for determining the viability of a business idea, for instance, ensuring...
Q: Answer quickly
A: Cost of transportation is named internal transportation cost and outward transportation Cost. materi...
Q: Please do G,H,I,J,K and L (a) What is the expected jet fuel yearly average demand D? =4160 tons(b) G...
A: Here the given data is: Weekly average jet fuel demand 80 tons Weekly jet fuel demand standard...
Q: Doing nothing would yield how much profit if favorable market conditions prevail according to the fo...
A: The correct answer is (a)
Q: The senior management at Best Products Company (BPC) is concerned with the existing capacity limitat...
A: Every company faces restricted capacity, thus good decision-making regarding product mix will augmen...
Q: I run a clinic. I vaccinated 1,344 people last week. The maximum number of people I could ever vacci...
A: We would analyze the effective utilization in reference to the given problem. Please refer to step 2...
Q: Think about Cellular Production methodology. Apply Cellular Production methodology to a daily operat...
A: Multiple cells in an assembly line form are included in cellular production. Each cell consists of o...
Q: Discuss Kodak’s reasons why they have formulated a diversification strategy. Answer this question in...
A: Diversifying businesses have been found to always be running away from something. Companies are esse...
Q: 1 Auditors are required to maintain an attitude of professional skepticism throughout the audit. The...
A: Professional scepticism is an associate perspective that includes a questioning mind, being alert to...
Q: 17) The demand for an electronic component is normally distributed with an average daily demand of ...
A: In the above question, we have following data, these are as stated below: Average daily demand=500 ...
Q: Briefly explain the preparation of detergent by specifying all the stages. (The order of operations ...
A: Any cleaning agent except soap is called detergent. Detergents usually made from synthetic resources...
Q: Explain product or service design activities and what is the objectives of design in detail
A: Brainstorming:-The initiative to design a product or service is brainstorming that appeared in 1953 ...
Q: Compute for The group size if one of the groups is at 3-5 The highest value if the lowest value is ...
A: ANSWER IS AS BELOW:
Q: 7. Sum up the 14-principles of management given by the Henry Fayol (1841-1925)
A: Management is a general field and is applicable in every other field because the management of plans...
Q: Which is more affected by extreme observations, the mean or median? And how about the standard devia...
A: The mean (also known as average), is accomplished by dividing the aggregate of observed values by th...
Q: Explain the work that needs to be done at the point of energy efficiency for any production facility...
A: Energy Efficiency: Energy efficiency is defined as using minimal input and producing...
Q: How has a business’ value to its consumers change because of the digital transformation? a. Value pr...
A: Digital transformation refers to the integration of digital technology into many areas of the busine...
Q: Al-Massar Company seeks to build a business scheduling system and follow it using the dynamic rules ...
A: Critical Ratio refers to the priority rule that is used to make the sequences regarding the process...
Q: Which of the following statements will hold good in the case of a system with uncertainty in demand ...
A: The aftereffect of demand vulnerability is expanded expense, most generally as abundance stock, over...
Q: 7- The recent trends in ____________ is digitalization of financial transactions and some of the eme...
A: A cryptocurrency may be a digital or virtual currency that's secured by cryptography, which makes it...
Q: 3. Suppose that company B is borrowing $80 million for 5 years at LIBOR minus 20 basis points. Compa...
A: Considering given data- Outflow for company B to bank against borrowing = LIBOR - 0.20% Given that o...
Q: please Solve question G,H AND I Question A to F IS SOLVED (a) What is the expected jet fuel yearly ...
A: In the above question following information is mentioned: Weekly average jet fuel demand 80 tons ...
Q: Operations Management Question
A: The method of inventory management is used to enhance productivity to estimate the raw material and ...
Q: Describe any TWO (2) ways on how to generate creative ideas. explain briefly
A: Listening is the skill to receive and interpret the information sent by the sender in the process of...
Q: There are other details about the problem which will be added later. Giapetto started formulating a ...
A: The answer is as below:
Q: Do you believe Credit Ratings Agencies face a moral hazard based on their Issuer-Par business model?...
A: Execution and responsibility revealing (PAR) is the way toward ordering and recording factors that m...
Q: part 2 solution needed
A: Please note though you asked for the second part I have solved both because we needed few calculatio...
Q: Apple, Inc.® is developing a new product (the iWhatever). Managers at Apple are interested in estima...
A: THE ANSWER IS AS BELOW:
Q: Urgent Please answer a soon as possible. Answer must be plagirism free Should Accountants be inv...
A: Below is the solution:-
Q: why organization with good leadership grow and prosper compare to other organization? explain the ro...
A: Organizations involved a lot of people. Human always need some motivation and encouragement to stay ...
Q: highlight the role of employee involvement and empowerment in running a good TQM system
A: Total quality management is the approach towards the business to increase the value of the product t...
Q: What has been the rationale for Hisense acquisitions?
A: Hisense Group is a Chinese global electronics manufacturer headquartered in Qingdao, China. Hisense...
Q: Please see attached photo.
A: Demand refers to the willingness to pay by the consumer. It means consumer demand for a good in orde...
Business Reopening Decisions and Demand Forecasts during the COVID-19 Pandemic
Findings from a nationwide survey underscore the importance of demand projections and interdependencies among businesses for owners’ reopening decisions. Businesses expect the demand for their services will be greatly depressed for many months to come. How quickly will African businesses reopen after COVID-19 lockdowns end? A plurality of firms in a sample expect to reopen within days of the end of legal restrictions, but a sizable minority expect to delay their reopening. While health-related variables, such as COVID-19 case rates and physical proximity of workers, do explain the prevalence and expected duration of regulated lockdown, these variables have little or no correlation with post-lockdown reopening intentions. Instead, almost one half of closed or partially open businesses said that their reopening would depend on the reopening of related businesses, including customers and suppliers. Owners expect demand to be one-third lower than before the crisis through autumn. Firms with more pessimistic expectations about demand predict a later reopening. Using an instrumental variables strategy, we estimate the relationship between demand expectations and reopening. These estimates suggest that post-lockdown delays in reopening can be explained by low levels of expected demand.
- Explain how models of decision making can be effectively used during the re-opening and
forecasting demand of breweries and sports sectors globally during COVID time. - Discuss the challenges faced by managers in using group decision techniques during turbulent times of COVID 19.
- Advise organisations on how they can effectively manage systematic decision making during COVID 19 epidemic .
Step by step
Solved in 2 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?As a response to COVID -19 issue, Kurmitola General Hospital, Dhaka, has started treating coronavirus patients since last month. Healthcare workers are on the frontline toward the COVID-19 response. Two volunteers from North South University intend to join in Kurmitola General Hospital to assist the medical team. Since they do not have any technical knowledge, they will be helping the team with activities like registering the patients, providing initial information about treatment, collecting samples, etc. As the manager of this hospital, you must arrange training for these volunteers to enhance their skills and willingness to work. Therefore, list and briefly explain the steps you will follow to train these individuals. How would you measure the effectiveness of the provided training?
- Peppers Lockdown produces keys for homes and cars. As Peppers planned for next year’s production,the company decided to implement a high-low system to forecast future costs. With total productionof 2,500,000 keys at a total cost of $10,000 in 2018, and total production of 3,000,000 keys at a totalcost of $20,000 in 2019, what is the variable cost per key?You work in the Export Bookings Department at Safmarine Agency Office in Sohar. A Shipper phones to make a booking for a 2x40' flat rack containers. Advise the questions you would ask about the cargo to correctly complete the booking information.Li & Fung is a global trading company with clients beingmajor retailers such as Wal-Mart, Target and Disney Worldserving a network of 12,000 suppliers. Li & Fung is engaged in collaborative planning, relying on collaborative technol-ogy to forecast forthcoming trends. Being an intermediary between customers and suppliers, collaborative planning is critical for the company. Li & Fung used to deal with its cli-ents mostly by phone and fax, with e-mail counting as high technology. But thanks to a new web-services platform, its processes have speeded up. One of the most important tech-nologies has turned out to be videoconferencing. It allows buyers and manufacturers to examine the colour of a mate-rial or the stitching on a garment. The information system also allows Li & Fung to make changes fast as well as to lookacross its operations to identify trends.a) Explain the organizational objectives that CPFR is tryingto achieve. Stress its advantages and disadvantages.b) A…
- Topic: Managment Information system Please read and answer the different parts operational management in Customer Service department please answer accordingly Insurance Ltd. accepts payments on various insurance policies from employees of businesses across the island. These businesses deduct payments from employees’ salaries and pay the insurance company a lump sum each month. This total amount deducted is shown on each employee’s payslip. Deductions are due at the end of each month and each participating business submits one payment for its employees to the insurance company via online payments through the bank. However, if payments were received after 11:00 a.m., the bank does not process them until the next business day. At the beginning of each month an administrative assistant at MGMT Insurance Ltd. downloads the deductions for each company and allocates payments to the various policies. These payments include the client’s unique number along with his/her relevant policy…Brief Exercises 7-11 through 7-14 involve departmental cost allocation with two service departmentsand two production departments. Use the following information for these four exercises:Brief ExercisesPercentage Service Provided toDepartment Cost S1 S2 P1 P2Service 1 (S1) $ 30,000 0% 30% 35% 35%Service 2 (S2) 20,000 20 0 20 60Production 1 (P1) 100,000Production 2 (P2) 150,0007-13 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1and P2 using the step method with S1 going first?Brief Exercises 7-11 through 7-14 involve departmental cost allocation with two service departmentsand two production departments. Use the following information for these four exercises:Brief ExercisesPercentage Service Provided toDepartment Cost S1 S2 P1 P2Service 1 (S1) $ 30,000 0% 30% 35% 35%Service 2 (S2) 20,000 20 0 20 60Production 1 (P1) 100,000Production 2 (P2) 150,0007-12 What is the total cost in P1 and P2 after allocation using the direct method?
