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3 years ago

Importance of span of control

Business

1 answer:

RideAnS [48]3 years ago

7 0

Answer:

determines the level of interactions and responsibilities associated with employees and managers.

Explanation:

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_______________ involves you imagining yourself achieving your final goal.

otez555 [7]

I’d say Outcome visualization since it involves seeing yourself achieving your goal.

3 0

3 years ago

Read 2 more answers

In the field of quality control, the science of statistics is often used to determine if a process is "out of control". Suppose

devlian [24]

Answer:

probability = 0.008

probability = 0.0256

Explanation:

we know here probability of defective is 0.2

so probability of not defective is 1 - 0.2 = 0.8

as we know 3 item is arrive off process line in succession

so The probability that an item is defective is

as P(defective) = 0.20

as all item are independent so

probability that all three items are defective is

probability = 0.20 × 0.20 × 0.20 = 0.008

and

probability that exactly 3 of next 4 are defective

so number of way that can choose 3 out of 4 is

= $\frac{4!}{3! ( 4-3)!}$

= 4

so as all are independent probability is

probability = ( the number of way to choose 3 out of 4 ) × ( 3 item defective ) × ( 1 item not defective )

probability = $_4 C_3$ × 0.2³ × ( 1- 0.2)

probability = 4 × 0.008 × 0.8

probability = 0.0256

4 0

4 years ago

Now consider the case in which the manufacturer offers a marginal unit quantity discount for the plywood. The first 20,000 squar

Sindrei [870]

Answer:

Explanation:

We can use the following method to solve the given problem

We are given following

Annual demand,

D = 20000*12

D = 240,000 sqft

Fixed order cost, is given as

S = $ 400

Considering the unit cost, is given as

C = $ 1

Holding cost, H = 1*20% = $ 0.2

EOQ = sqrt(2DS/H)

= √(2*240000*400/0.2)

= 30,984 sq ft

This is higher than 20,000 and less than 40,000 sq ft. For this reason, the applicable price for this quantity is $ 0.98

For C = $ 0.98, holding cost, H = 0.98*20% = $ 0.196

Revised EOQ = sqrt(2*240000*400/0.196) = 31,298 sq ft

Total annual cost of EOQ policy = D*C + H*Q/2 + S*D/Q

= 240000*0.98 + 0.196*31298/2 + 400*240000/31298

= $ 241,334.5

Now consider the next level of price, C = $ 0.96

Holding cost, H = 0.96*20% = $ 0.192

EOQ = sqrt(2*240000*400/0.192)

= 31633 sqft

This amount is will not be feasible for this price, because it requires a minimum order of 40000 sqft.

Therefore, Q = 40,000

Total annual cost = 240000*0.96 + 0.192*40000/2 + 400*240000/40000

Total annual cost = $ 236,640

Total annual cost is lowest for order quantity of 40,000 sq ft.

1) Optimal lot size = 40,000 sq ft.

2) the annual cost of this policy

= $ 236,640

3) the cycle inventory of plywood at Prefab = Q/2 = 40000/2

At prefeb= 20,000 sq ft

4) let's assume the manufacturer sells all plywood at $ 0.96, then

Holding cost, H = 0.96*20%

H= $ 0.192

EOQ = sqrt(2*240000*400/0.192)

EOQ = 31633 sqft

Total annual cost = 240000*0.96 + 0.192*31633/2 + 400*240000/31633

Total annual cost = $ 236,471.6

Difference in total annual cost = 236640 - 236471.6 = $ 168.4

4 0

3 years ago

The direct link between customers and the company is performed by: legal services marketing information chemists environmental c

Slav-nsk [51]

The right answer for the question that is being asked and shown above is that: "marketing information." The direct link between customers and the company is performed by the <span>marketing information. They are the ones who channel their needs and etc.</span>

8 0

4 years ago

Read 2 more answers

Statement Single-price Monopoly Perfect Price Discrimination Total surplus is not maximized. There is no deadweight loss associa

Bond [772]

Answer:

Under Single Price Monopoly, absolute surplus is not maximized.

The profit-maximizing efficiency in Perfect Price Discrimination is correlated with no extra weight loss

Barefeet generates quantity less than the productive quantity of boots in single-price Monopoly.

Explanation:

A single-price monopoly is a corporation, who must sell every unit of its production to all its consumers for the same rate. so there is no way to maximize surplus.

A price-discriminating monopoly is a corporation able to sell various units of a product or service at various price points. Therefore, by adjusting their prices they have opportunities to increase their income.

6 0

3 years ago

Importance of span of control​

Importance of span of control