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- 14 Question 14 options: N embodies a team concept, is based on the principle of mutual contribution by employer and employeesQuestion 38 Pasensya Ka Na Ha God Bless Co., an investment company, is constructing a complex of four residential rental buildings that will have more than 100 units. The complex is in a geographic area that has a long rainy season. Which of the following steps would likely be most essential to monitoring and mitigating the risk of rain damage? a. Assuring compliance with local codes during construction b. Establish a reserve for capital expenditures, if needed c. Actively encouraging renters to report possible problems d. Monthly inspection by internal maintenance staff and annual assessment by external engineering firms Question 39 Which of the following is the best approach in assessing an organization's risk management approach? a. Consider multiple components of an organization's industry, culture, and objectives to determine the most effective risk management approach b. Find out what is the most common framework being used by competitors in the industry c.…Question ThreeThe management of a supermarket wants to adopt a new promotional policy ofgiving free gift to every customer who spends more than a certain amount pervisit at this supermarket. The expectation of the management is that after thispromotional policy is advertised, the expenditure for all customers at thissupermarket will be normally distributed with mean 400 £ and a variance of900£2.1) If the management wants to give free gifts to at most 10% of the customers,what should the amount be above which a customer would receive a free gift?2) In a sample of 100 customers, what are the number of customers whoseexpenditure is between 420 £ and 485 £?3) What is a probability of selecting a customer whose expenditure is differ thanthe population mean expenditure by at most 50 £?4) What is the probability that the expenditure of the first customer exceeds theexpenditure of the second customer by at least 20 £?5) In a sample of 250, find the count that corresponds to the interquartile…
- Question 5: Quality Control and Inspection a) Describe the importance of quality control and inspection in ensuring product/service quality. b) Discuss the different types of quality control techniques, such as statistical process control and acceptance sampling, and explain how they can be used in an organization to monitor and control quality. Bonus Question Explain how the u Explain how the use of technology, such as automation, artificial intelligence, and data analytics, can impact operations management and total quality management in organizations. Provide examples of how organizations can leverage these technologies to improve their operations and quality management practices.Question 2CWD Manufacturing makes three components for sale to refrigeration companies. Thecomponents are processed on two machines: a shaper and a grinder. The times (in minutes)required on each machine are as follows: Machine Component Shaper Grinder 1 6 4 2 4 5 3 4 2 The shaper is available for 120 hours, and the grinder is available for 110 hours. No more than200 units of component 3 can be sold, but up to 1000 units of each of the other components canbe sold. In fact, the company already has orders for 600 units of component 1 that must besatisfied. The profit contributions for components 1, 2, and 3 are $8, $6, and $9, respectively. (see image) If there are two possible answers one will suffice. Where necessary a range analysis must be shown.(convert to minutes)a) What is the optimal solution (in words)? b) An additional 4 hours of shaper time became available. Evaluate the effect? Explainc) Two hours of Grinder time was lost. Evaluate the effect? d) An additional…Question 2CWD Manufacturing makes three components for sale to refrigeration companies. Thecomponents are processed on two machines: a shaper and a grinder. The times (in minutes)required on each machine are as follows: Machine Component Shaper Grinder 1 6 4 2 4 5 3 4 2 The shaper is available for 120 hours, and the grinder is available for 110 hours. No more than200 units of component 3 can be sold, but up to 1000 units of each of the other components canbe sold. In fact, the company already has orders for 600 units of component 1 that must besatisfied. The profit contributions for components 1, 2, and 3 are $8, $6, and $9, respectively. (see image) If there are two possible answers one will suffice. Where necessary a range analysis must be shown.(convert to minutes)a) What is the optimal solution (in words)? b) An additional 4 hours of shaper time became available. Evaluate the effect? Explainc) Two hours of Grinder time was lost. Evaluate the effect? d) An additional…
- Question 4: Compensation is one of the most important costs in organizations. Employees exchange their contributions for a set of outcomes, of which compensation is one of the most significant one. On one hand money is considered to be one of the key mechanisms that can be used to attract, retain and motivate competent employees to perform in ways that support organizational objectives. More often than not, a person’s earnings also serve as an indicator of power and prestige and are tied to feelings of self-worth. In other words, compensation affects a person economically, sociologically, and physiologically. On the other hand a telling fact is that money never satisfies and even large sums of it may fail to confer wellbeing. The failure is less due to a glitch in the program than due to the inadequacy of psychological assumptions that ground all such plans. As people move up the economic ladder, most almost immediately stop feeling grateful for their elevated circumstances and focus…question 7 You manage an ice cream factory that makes two flavors: Creamy Vanilla and Continental Mocha. Into each quart of Creamy Vanilla go 2 eggs and 3 cups of cream. Into each quart of Continental Mocha go 1 egg and 3 cups of cream. You have in stock 450 eggs and 750 cups of cream. You make a profit of $3 on each quart of Creamy Vanilla and $2 on each quart of Continental Mocha. How many quarts of each flavor should you make to earn the largest profit? HINT [See Example 2.] (If an answer does not exist, enter DNE.) Creamy Vanilla quartsContinental Mocha quartsQuestion 10 NASA’s leadership has traditionally been based on technical people that were degreed in the hard sciences. Group of answer choices A) When a group of people have similar backgrounds, they create a culture based on common attributes. B) When a group of people have similar backgrounds, they cannot create a culture because their individuality negates any common attributes. C) When a group of people have similar backgrounds, they create a culture based on diverse attributes. D) When a group of people have similar backgrounds, they create a culture based on common attributes, which always proves negative.
- QUESTION 2 One of the employees at eden co ltd,described working at the company as to work at eden,you've got to be interested in a lot of stuff. you've got to be prepared to catch people when they fall,because people are trying stuff all the time and you've got to be prepared for unexpected because part of the way we work is almost liberately created chaos by doing more stuff than we've possibly got time to do,which means more junior members have more chances to become leaders because the senior ones can't do it all. you've got to be optimistic and smiley and damed hardwork. one of the senior managers connected,we try not to be prescriptive about defining talent and we try to encourage people to take individual responsibility for their own career path here as much as we can help them to a career path (a) in your own opinion what factors have contributed to organization citizenship behaviour among staffs at eden? elaborate your answers (b)discuss the leadership style that has help to…QUESTION: Although Ken Brown is the principal owner of Brown Oil, his brother Bob is credited with making the company a financial success. Bob is vice president of finance. Bob attributes his success to his pessimistic attitude about business and the oil industry. Given the information, it is likely that Bob will arrive at a different decision. What decision criterion should Bob use, and what alternative will he select? INFO NEEDED TO COMPLETE: Kenneth Brown is the principal owner of Brown Oil, Inc. After quitting his university teaching job, Ken has been able to increase his annual salary by a factor of over 100. At the present time, Ken is forced to consider purchasing some more equipment for Brown Oil because of competition. His alternatives are shown in the following table: Equipment Favorable Market $ Unfavorable Market $ Sub 100 300,000 -200,000 Oiler J 250,000 -100,000 Texan 75,000 -18,000 For example, if Ken purchases a Sub 100 and if there is a favorable market,…QUESTION 4:Write a summarization from the topic of ABC-analysis. Length 1-2 pages.