ory of Constraints performance (TOC) approach to production management, namely business enhancement. What are the differences between this system and conventional production control?
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Define and characterize the key idea of Goldratt's Theory of Constraints performance (TOC) approach to
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- Define and describe the core principle of Goldratt's Theory of Constraints performance (TOC) approach to production management, which is business enhancement. Describe how this method varies from traditional production control methods.A.1 TRUE OR FALSE QUESTIONS1. If a company does not achieve its objective, it is effective not efficient. a. a. TRUE b. FALSE2. Two managerial functions identified by the French Industrialist, Henry Fayol in the early 1900s are planning and control.a. a. TRUE b. FALSE3. Hnri Fayol, a French man, was the first to issue a complete statement on a theory of general management?a. a. TRUE b. FALSE4. A Philosophy that sought to increase productivity and make the work easier by scientifically studying work methods and establishing standards was the brain child of Hnri Fayol.a. TRUE b. FALSE5. Elton Mayo is best associated with the Hawthorne studies which were conducted at the Hawthorn plant of Western Electric in Cicero, Illinois?a. TRUE b. FALSE6. By definition, an objective deal with achieving a measurable result with due regard to time.a. TRUEb. FALSE 7.8.9.There are two types of knowledge: implicit knowledge and tactical knowledge. a. TRUE b. FALSE“Satisficing” involves finding a solution…The manner in which the inputs, project resources, are combined, will have an impact on the quality of the output. Select one: True False
- WAI knows from historical records that approximately 40percent of its labor is used in Department 101 and 60 percentis used in Department 102. Th e reverse is true of machine time;60 percent is used in Department 101 and 40 percent is used inDepartment 102.(a) Calculate the labor and machine hours needed inDepartment 101 for each period of the MPS developed inProblem 4.(b) Calculate the labor and machine hours needed inDepartment 102 for each period of the MPS developed inProblem 4.FAST PLZ 6-A manager who reviews the previous performance and compares it with the current one for improvement, is performing which management function? Controlling Directing Staffing PlanningBusiness Ethics (MGT 610)Assignment# 12 Semester Spring 2016Assignment No. 12FALL SEMESTER 2016MGT610- Business EthicsMarks40Student ID/Login ID:Student Name:Date:__________________________________________________________Please read the following instructions carefully before attempting the assignment:â¢Assignment covers lesson no.01-09â¢Last date for submission of solution 1 is 28/7/2016â¢10-15pages.â¢All instruction will be considered during checking assignment. So, consider allthese.â¢Use the standard format for preparing assignment. Use MS word 2003 or previousversion for your solution other format will not be acceptedâ¢Give the answer according to question, no mark will be given for irrelevantmaterial.â¢Donât rely only on handouts, use other reference books also.â¢Mention the source which u are using for preparing your…
- Discuss the application of earned value management (EVM) in government and public sector projects. How does it differ from EVM in the private sector?What kind of output controls will best facilitate interactions within and among teams in a web design and web hosting company ?The weekly meetings of Lyle's staff have had little attendance, and those who attend usually do multitasks instead of paying attention. Using the research cycle, Lyle discovered that the problem is that the time of the staff meeting coincides with the delivery date of the weekly financial reports. Read the following possible courses of action and decide what is the BEST way for Lyle to handle the situation and what is the WORST way for him to handle the situation? 1. Inform staff that your meeting has more priority than the reports of the finance department. 2. Change the meeting time of the staff until after they submit the weekly reports and see if improves assistance and focus. 3. Cancel staff meetings so that the team can concentrate on completing their financial reports. 4. Allow staff to continue performing multiple tasks so that they can attend their meeting and do the financial reports.
- From the Objectives listed below, kindly update and list 5 SMART work Objectives to include those listed below. 1. Perform the Human Resource Administrative functions for the department. Monitor Staff Attendance and update leave register weekly. 2. Examine Birth, Death and Marriage Certificates within the work day period ensuring 99% accuracy. 3. File and Register Deeds, Power of Attorney and Bills of Sale within one day of presentation. 4. Maintain Office Stores - perform monthly stock check and ensure that adequate stock is available at all times. Update Assets Register after each purchase of equipment. 5. Provide Support to the Accounting Processes - certify invoices and approve local purchase orders with 100% accuracy.You have developed the following simple productstructure of items needed for your gift bag for a rush party forprospective pledges in your organization. You forecast 200attendees. Assume that there is no inventory on hand of anyof the items. Explode the bill of material. (Subscripts indicatethe number of units required.)Rene Alverez knew she was in over her head soon after she took the job. Even so, the opportunity for promotion comes along rarely and she believed that she would grow into it. Ms. Alverez is the cost accounting specialist assigned to the finishing department of Standard Tool Company. Bill Sawyer, the manager of the finishing department, knows exactly what he is doing. In each of the three years he has managed the department, the cost per unit of product transsferred out of his Work in Process Inventory account has declined. His ability to control cost if highly valued, and it is widely believed that he will be the successor to the plant manager, who is being promoted to manufacturing vice president. One more good year would surely seal the deal for Mr. Sawyer. It was little wonder that Ms. Alverez was uncomfortable in challenging Mr, Sawyer’s estimate of the percentage of completion of the department’s ending inventory.He contended that the inventory was 60 percent complete, but she…