management and supply chain management‚ the two are different in that: o Operations management focuses on processes‚ supply chain management focuses on relationships and flows. 7) Johnson Company makes widgets‚ which it then sends to Smith Company. Smith Company puts the widgets in packages. Smith Company is considered by Johnson to be a: o Downstream product supplier 8) To an operations manager the "critical customer" is: o The person who has the greatest impact on
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EGT1 Economics & Global Business Applications (V1 UG 0213)-PA Name: Christopher Talag Student Number: 274350 Task 1: A. Explain profit maximization from the following approaches: Profit maximization can be explained according to the following approaches according to McConnell (2012): 1. Total revenue to total cost - profit maximization is achieved when the difference of the total revenue minus the total cost is at the highest point. 2. Marginal revenue to marginal cost - means that profit
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in order to quantify the desired outcomes and diminish counterproductive ones. Main performance issue as detailed in the Team Performance Report sheet (TPR) in the Product Development Team (PDT) that creates performance issues with the products (widgets) produced so far represents the lack of cooperation and communication between manufacturing department and PDT‚ during the budget cuts‚ i.e. reduction of manufacturing costs where changes in design are unilaterally undertaken by manufacturing department
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countries. C) generally decreased. D) became more stable. Answer: D Question Status: Old Table 2.2 Workers in the Widget Industry 7) According to Table 2.2‚ real earnings in the Widget Industry in 1986 were A) $22‚500. B) $12‚640. C) $11‚538. D) $15‚730. Answer: B Question Status: Old 8) According to Table 2.2‚ in which year were the real earnings of workers in the Widget Industry highest? A) 1966 B) 1976 C) 1986 D) 1996 Answer: B Question Status: Old 9) A worker’s total compensation
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Fixed Costs of Php 1.08 million and sales volume of 10‚000 widgets. Solve the following: 1. Unit contribution margin 2. Contribution Margin Ratio 3. Breakeven point in units 4. Breakeven point in Pesos 5. Margin of Safety in Units 6. Margin of Safety in Pesos 7. Degree of Operating Leverage D. Assume Unit Selling Price of Php 200‚ Unit Variable Cost of Php 120‚ Total Fixed Costs of Php 4 million‚ sales volume of 8‚000 widgets and Tax Rate of 40%. Compute for the needed sales in units
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rise with the change is production of your product. A good example of a fixed cost is rent. No matter how many widgets you make (within a relevant range) your rent will not increase. A variable cost‚ on the other hand‚ does change with the amount of production. A good example of this is raw materials. If you make more widgets you will need more raw materials to produce those widgets. So a variable cost changes in direct proportion in the cost driver level. (Horngren‚ Sutton‚ and Stratton p.46)
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Richard Troutman IT Case Study The Widget Wonders distribution center is the worldwide leader in widgets. Which they’re in the process of building a state of art facility to manufacture new generation of widgets. The SNHUConsulting group leads the way of consulting in information technology. SNHUConsulting has been hired to consult on new hardware that will last for at least the next three years for the different apartments. The sales department consists of 50 employees that requires mobility
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situation? 6. Question : Consideration is 7. Question : A simple contract need(s) to 8. Question : Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock‚ so it ships Alpha 100 Grade B widgets instead. Which of the following is true? 9. Question : If an offeree attempts to add different terms in an acceptance‚ which of the following conflict
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invest in. The recommendation must include your team description of the five phases of the project and the key deliverables (project completion date and cost) for each project. Project Code Name: Juniper • This is an enhancement of a current widget being offered by our company. • Risk of completion of this project on time is low. • Product plan shows the critical path to be 6 months at a cost of $325‚000 to bring the product to market. • Product is forecasted to have a ROI of $250‚000 for
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5. In Chapter 2‚ Froeb explains that the "One Lesson of Business" is that‚ "Wealth is created when assets move from lower to higher-valued uses." (p.12) Froeb goes on to spend most of the chapter talking about how taxation destroys wealth and that government subsidies (and all government spending is a subsity) also destroys wealth. Apply Froeb’s "one lesson of business” to a specific government tax-and-spend decision that you support or else use the "one lesson of business” to explain why you
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