Answered: ractices have been popular with…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

A 100-year-old manufacturing firm has had an excellent reputation for high-quality products, with all sales to the private sector. Recently, the firm expanded sales to the government’s defense department, and high profits rapidly declined. Historically, (1) personnel practices have been popular with employees—flexible work schedules and limited supervision (resulting in high morale), and (2) security in warehouses and production has been limited (yet minuscule

pilferage occurred). In analyzing why profits have declined, which of these risks would be of least concern?

CHOICES

A) A younger workforce will likely be less educated and trainable.

B) A very loyal workforce is being replaced by a younger workforce with less loyalty and more likelihood of abusing attendance requirements and engaging in pilferage.

C) None of the choices

D) In contract sales to the defense department, the firm is subject to tighter controls over classified inventories, and the loose controls needed improvement.

E) The past lack of locks, fences, and barriers to the firm’s plant will risk more theft of expensive defense-related inventories, and may violate defense security regulations.

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