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- I need help with everything 1. RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has available the following quantities of each raw material: Raw Material Amount Available for Production Material 1 20 tons Material 2 5 tons Material 3…***New ans please SUBJECT: CAPSIM How did you test the relationships of decisions across the four business functions? Specifically, how did you use the reports in each round? (Please provide a specific example.)A firm's ___________________is the way in which managers conceptualize the business and make critical resource allocation decisions-be it in technologies, product development, distribution, advertising, or in human resource management. 1.dominant logic 2.economic logic 3.ecological logic 4.dormant logic
- create an Operationalplan for a wind farm (wind turbines that produce electrcity) Your operational plan should include key processes,structures and strategies involved in the transformation ofinputs into outputs. Where possible, a transformationmodel may be used to demonstrate this process. Thebusiness approach to planning and management ofproduce and services may also be included. And descriptions of key personnel and the organisationalstructure, employments agreements, etc.11- Select the importance of Decision analysis as suggested by Peter F. Drucker. a. To let one functional area of business to dominate b. Dividing work into unmanageable units c. Number of layers in organization structure d. Dividing smaller units into whole work12- Mr. Khalid is responsible for managing the marketing department. He develops marketing plan and reports to the general manager of the company. We can say that, Mr. Khalid belongs to the _______. a. Supervisor management b. Senior level management c. Middle management d. Top management
- 1- Management is______. a. An art and a science. b. A science. c. An art not science. d. An art.21 - Which of the following is not a reason for managers to plan? a) Performing SWOT analysis B) Reducing conflicts and wasteful activities NS) Coordinated efforts D) reduce uncertainty TO) Establishing standards for tools used to audit workYou’re holding a PMP training seminar for people in your company to helpthem obtain enough hours to qualify to take the PMP exam. This is anexample of _____.A. Organizational process assetsB. Contributing to the project management body of knowledgeC. Cheating, which should be reported to PMID. Lessons learned You are managing a construction project to install wiring in an office building.You discover that one of your team members has taken a box of cable fromthe job site so he can wire his attic. What is the BEST way to respond?A. Do nothingB. Call the policeC. Report the team member to your managerD. Report the team member to PMI
- How a company should use at least 1 of the processes and at least 1 of the tools to implement an strategy.T F For a business to be organized, it must combine four types of resources: workers, naturalresources, capital, and ownership25) It is important to understand both the similarities and differences between the two matrix tools in order to better help manage complexity in large firms. Which of the following statements is false with regards to the BCG Matrix and the GE- Matrix? a) The GE- Mckinsey Matrix has nine cells, while the BCG matrix has four cells b) Market share is a reflection of competitive strength, while industry attractiveness is represented by market growth in the BCG Matrix c) Market share is more forward looking while competitive strength is more historical in its perspective d) The GE-McKinsey Matrix is a holistic and inclusive approach that aid in prioritizing resource allocation for businesses in a portfolio that would benefit the most