Answer:
The answer is: Emotional intelligence
Explanation:
A person with emotional intelligence is able to identify and manage his own emotions and the emotions of the people around him.
Usually they are very perceptive of other people's emotions, and when they use their abilities correctly, they can improve the performance of those around them. For example, sometimes a compliment or some nice words can do a lot to boost an employee's self esteem and efficiency.
This is a very useful trait in modern management, since modern workplaces rely more on open communications and team work.
Answer:
The map of the current process is found in the attached
The minimum cycle time is 1 min 40 seconds
The longest cycle time is 2 min 35 seconds
The new minimum cycle is 1 min 15 seconds
The new longest cycle time is 2 mins
The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.
The problem could be solved by ensuring the taking money and packaging takes the same time.
Explanation:
Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds
The longest cycle time=30+90+35=155 seconds=2 min 35 seconds
The new minimum cycle time=20+55=75 seconds=1 min 15 seconds
Taking customer's money also happened in the first 35 seconds of the 55 seconds above.
The new longest cycle time=30+90=120 seconds=2 mins
Answer:
skimming prices
Explanation:
Based on the scenario being described it can be said that it can be concluded that Timber Guitars has adopted the strategy of skimming prices. This is a a pricing strategy in which a company or marketer sets a relatively high starting price for their products in the beginning of introducing it into the market, then only after some time has passed do they begin to lower prices slowly. Which is what Timber Guitars has done by placing the guitar at a very high price and only lowering it after a good quantity were sold.
Answer:
1. The testing cost before putting the equipment into production
2. The costs of transportation
3. The costs of installation
Explanation:
An acquisition cost, also referred to as the cost of acquisition, is the total cost that a company made in the acquisition of an equipment. It shows the true amount that was paid for the acquisition of the equipment before sales tax was applied.
1. testing costs before putting the equipment into production
2. costs of transportation
3. costs of installation
Should be included in the cost of acquisition of a new equipment.
Answer:
Decreased of $1,700
Explanation:
Sales (8,000 units × $140, 8,100 units ×$140)
$1,120,000 $1,134,000
Variable expenses
(8,000 units × 28, 8,100 units ×$37)
$224,000, $299,700
Contribution margin
$896,000, $834,300
Fixed expenses
$720,000, $660,000
Net operating income
$176,000, $174,300
Decreased in net operating income
$176,000-$174,000= $1,700
Therefore the overall effect on the company's monthly net operating income of this change is that net operating income will decrease by $1,700