2013 CAS Online Course 1 Risk Management and Insurance Operations Risk Management and Insurance Operations is called Online Course 1 by the CAS and CA1 by The Institutes. (Prometric lists this course as CAS1 on its Web site under The Institutes.) Online Course 1/CA1 prepares CAS candidates for a two-hour‚ seventy-five-point multiple-choice examination. The online course and exam were developed collaboratively with The Institutes. The online course is available through the CAS Online Courses
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TRUE or FALSE 1. T F It is impossible to develop a process that has zero variability. 2. T F Assignable variations in a process are also called natural variations. 3. T F An x-bar chart would be appropriate to monitor the number of defects in a production lot. 4. T F The central limit theorem provides the statistical foundation for control charts. 5. T F If we are tracking quality of performance for a class of students‚ we should plot the pass/fail result on a p-chart. 6. T F Sample
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RUN‚ INC. Case 1) What are the practical differences in the accounting for a change in estimate and a correction of an error? Why might managements prefer one approach to another? What pictures do the two accounting presentations paint for readers outside the company? A change in estimate is a normal and ongoing process of a company. It usually arises from the appearance of new information that alters the current situation. Accounting for a change in estimate is treated prospectively. Companies
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Instructor ’s Manual Operations Management Fifth edition Nigel Slack Stuart Chambers Robert Johnston For further instructor material please visit: www.pearsoned.co.uk/slack ISBN-13: 978-0-273-70850-6 / ISBN-10: 0-273-70850-3 Pearson Education Limited 2007 Lecturers adopting the main text are permitted to download the manual as required. 1 © Nigel Slack‚ Stuart Chambers & Robert Johnston 2007 Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and
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CBA GARMENTS Manufacturing Corporation Company Background CBA Garment‚ Inc. started as a single proprietorship. Over the years‚ it evolved into a corporation whose shareholders are mostly family members. The company specializes in making wedding ensembles from the gown of the bride to the dainty attires and accessories of the maid of honors‚ the flower girls down to the ring bearers. The company specializes particularly in the manufacturer of ready-made bridal gowns. CBA Garment has opened its
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When marketing‚ engineering‚ and operations simultaneously develop a process (cross -functional integration)‚ this approach is known as __________ ________________. A) sequential process B) traditional approach C) concurrent engineering D) both A and B E) none of the above Feedback: C is the correct answer. Unlike the traditional serial or sequential approach‚ concurrent engineering uses cross-functional integration for concurrent development of a product
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To Mr. Morrissey: At the beginning‚ we great appreciate you to trust us to do this research for your business case. After analyzing the background and information you offered to our company‚ we did a large number of researches in your specific two products and the industry. At present‚ the quantitative production and demand of the wood stove are shrinking in the market because of the drastic competitive marketing. Otherwise‚ the marketing of owner is not significant in competition. Therefore‚ we
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Case Study: Burger King Beefs Up Global Operations Question 1 When venturing into new markets‚ it is essential that Burger King considers several factors. Firstly‚ the firm needs to invest actively in France‚ which is a developed state. This implies that the French have higher purchasing power‚ meaning higher chances of profitability for the firm. Secondly‚ the firm should invest in India and South Africa‚ which are a rapidly developing BRIC states. Due to the rapid development in the two states
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the freezer in a temperature between – 18° and -23°. The rule for the frozen food is that the first to come in is the first to come out. Health‚ safety and hygiene issues are taken seriously; the manager is responsible of the good following of the operations. In the kitchen‚ every employee is assigned a specific task‚ meat is bake between two heating plate that are cleaned every 30 minutes‚ after it’s done they use a special thermometer to make sure that the meat is at least 69 °‚ employees that are
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------------------------------------------------- The Production/Operations Function In Business A. True/False 1. Production/operations Management refers to creation of goods whereas production refers to the creation of services. 2. All organisations‚ including service organizations such as banks and educational institutions‚ have a production function. 3. Production is a creation of goods and services. 4.
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