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LenKa [72]
4 years ago
12

You are working in a fast moving industry. to be able to provide good advice to your clients, you need to stay up-to-date. howev

er, your company does little to keep employees up-to-date. day-to-day business keeps you busy at full capacity and you do not have the time to get information on latest developments. what would you do?
Business
1 answer:
ivolga24 [154]4 years ago
7 0
<span>I would collect examples of times when I failed to provide good advice to my clients when my day to day tasks compromised my research and preparation. I would collect similar examples from my colleague and transcribe a report and list of grievances. I would then offer my recommendations to my management with suggested improvements.</span>
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A company makes bicycles. It produces 850 bicycles a month. It buys the tires for bicycles from a supplier at a cost of Rs.60 pe
Triss [41]

Answer:

B: 522 tires

B: 39 orders

Explanation:

a. Calculation for EOQ

First step is to Calculate the Annual Demand which is D

D = Annual demand = (2 tires per bicycle) x (850 bicycles per month) x (12 months in a year)

D=20,400 tires

Second step the ordering cost is given in the question which is :

S = Ordering cost = 90 per order

Third step is to Calculate the carrying cost which is H

H = carrying cost = (15%) x ($60 per unit)

H= $ 13.50 per unit per year

Last step is to Calculate the EOQ

EOQ = √{ (2 x 20,400 x $90) / $13.50

EOQ= 522 tires

Therefore the EOQ is 522 tires which means that the company should order 522 tires each time they places an order.

b. Calculation for the number of orders per year

Using this formula

Number of orders per year = D / Q

Let plug in the formula

Number of orders per year = 20,400 / 522

Number of orders per year = 39 orders per year

Therefore the Number of orders per year will be

39 orders per year.

6 0
3 years ago
Fast Auto Service provides a lubrication service for cars. It is known that the mean time taken for this
strojnjashka [21]

Answer:

The answer is below

Explanation:

The z core is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

z=\frac{x-\mu}{\sigma}\\\\where\ \mu=mean,\sigma=standard\ deviation, x = raw score

Given that mean (μ) = 15 minutes per car, standard deviation (σ) = 2.4 minutes.

1) For x > 18:

z=\frac{x-\mu}{\sigma} =\frac{18-15}{2.4} =1.25

From normal distribution table, P(x > 18) = P(z > 1.25) = 1 - P(z < 1.25) = 1 - 0.8944 = 0.1056

2) For x < 10:

z=\frac{x-\mu}{\sigma} =\frac{10-15}{2.4} =-2.08

From normal distribution table, P(x < 10) = P(z < -2.08) = 0.0188

3) For x > 12:

z=\frac{x-\mu}{\sigma} =\frac{12-15}{2.4} =-1.25

For x < 16:

z=\frac{x-\mu}{\sigma} =\frac{16-15}{2.4} =0.42

From normal distribution table, P(12 < x < 16) = P(z < 0.42) - P(z < -1.25) = 0.6628 - 0.1056 = 0.5572

6 0
3 years ago
Organizers of an outdoor summer concert in Toronto are concerned about the weather conditions on the day of the concert. They wi
USPshnik [31]

Answer:

Answer is USD 5,540

Explanation:

By applying Expected profit formula we get:  

= (33000*0.11)+(15000*0.37)+(-7000*0.52)

= $5,540

3 0
3 years ago
Ten million miles-that’s how far you travel if you went to the moon 41 times. Coincidentally, that’s also how far domino’s pizza
Nata [24]

Answer and Explanation:

1. Domino's Pizza did the following steps to enhance employees job satisfaction and retention

They focus on the managers retention so that good managers would be able to manage their team possibly well and thus the whole team can be in a satisfied stage.

  • They hired capable managers and used certain online test to assess them.
  • Gave tools to managers to assess the productivity of their employees. Thus incentive plans were given to stores based on minimized turn around time and high standard service level.
  • Proper training mechanism for managers to enrich them with new skill set to manage their peers.
  • Stock option and additional incentive, promotional packages offered to managers to promote their good practices in work field.

2. Better retention of employees and minimized attrition rate. It also enhances productivity and minis ed turn around time. This give refreshment to the entire Domino's Pizza organisation and results in driving healthy competition.

3. They focused only on managers for employee retention plan. Apart from that they have to start focus on all categories of employees. Employee engagement, their satisfaction level has to be enriched to retain them, Additional incentive plans for high quality performance, service level enhancement training's, extra benefits for long year service etc can enrich the employees with more satisfaction. Job rotation can also be introduced to enhance employees skill set in various discipline.

6 0
3 years ago
Activities included (and not included) in the calculation of GDP
Dahasolnce [82]

Answer:

Gross Domestic Product

Activities included and excluded:

1. The gross domestic product (GDP ) of the United States is defined as the monetary value of all finished goods and services in a given period of time.  The important thing to note here is that GDP is the market value of all final goods and services produced within a country in a given period of time.  This means that intermediate goods are not included.

2. Indication of Inclusion or Exclusion in 2018 GDP:

a) Calculo = excluded

b) Rotato = included

c) An accountant = excluded because of year, 2019

d) Fastline = included

e) Awake = included

Explanation:

1) The importation of the calculator into the United States does not form part of domestic production, and as such will be excluded.

2) Rotato's production on September 25, 2018 will be included, with an exclusive focus on whether the production of the set of tires increases GDP directly.

3) The accountant's work would have been included if it were done in 2018.

4) Fastlane's production will be included.

5) Awake's production will be included.

7 0
4 years ago
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