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A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning...
9. A major competitive dimension that forms a comeany's strategic operational competitive position in their strategic planning is which of the following? (2) A. Cost B. Focus C. Automation D. Human Resource systems E. Activity-system mapping 10. Design for manufacturing and assembly delivers product improvements by emphasizing which of the following? (4) A. Reducing product quality during the assembly process B. Simplification of the product by reducing the number of separate parts C. Reducing equipment in the production process D....
Larry's Auto Body Repair Shop had revenues that averaged $70,000 per week in April and $60,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers. In April the firm also had four part-time workers working 25 hours per week but in May there were only 2 part-time workers and they only worked 10 hours per week. What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair? a....
6. Short-term planning is often referred to as a. strategic planning. b. operational planning. c. goal-oriented planning. d. external planning. 7. One purpose of controlling activities is to a monitor day-to-day operations to ensure that processes are operating as expected. b. translate long-term strategy into a short-term plan. c. perform variance analysis and prepare performance reports. d. translate short-term strategy into a long-term plan. 8. To help managers with their evaluations, managerial accountants often perform a. time tests. b. spot...
A clothing company hires workers in the competitive market to cut denim to make jeans. The fabric costs $5. The weekly output of the company varies with labour usage and is shown below: Number of worke Jeans (pairs/week) 20 35 48 60 a) What is the marginal productivity of each worker? (1p) b) If the jeans sell for 35 a pair, what is the value of the marginal product of each c) If the competitive market wage is 400 per...
Question 1 Adelaide produces "Final Exam Care Packages" for resale. She is currently working a total of five hours per day to produce 100 care packages. a) What is Adelaide's productivity? Adelaide thinks that by redesigning the package, she can increase her total productivity to 133 care packages per day. b) What will be her new productivity? c) What will be the percentage increase in productivity if Aditi makes the change? Question 2 Punjab Performance Auto, Inc., modifies 375 autos...
1) Following is cost structure of an independent comic book publisher: Fixed cost = 75,000 Variable cost = 8.00 per book Selling price = 13.00 per book Compute the following: How many books have to be sold to make a profit of 2000 dollars? (3 points) The publisher has an estimate of demand of 5000 books. At what selling price would the publisher break even? (6 points) #2) TransCanada Corp. is in the business of manufacturing toys...
these garments, 52 were "seconds" (meaning that they were flawed). The seconds were sold for $90 each at a factory outlet store. The remaining 80 garments were sold to retail outlets at a price of $198 per garment. What was the labour productivity, in dollars per labour-hour, at this job shop during the first week of March? Question 4 Identify how changes within an organization affect the OM strategy for a company. For instance, discuss what impact the following internal...
24. There are many roles played in the planning process for a typical company. Depending on the organizational level, the planning focus and the effort devoted will be different. Which of the following statements is true about planning within an organization? a. In their role in the planning process, top management focuses on short-term operational objectives for the company. b. Only top management spends time focused on strategic and operational planning activities for the organization. c. Middle management employees spend...
Q9. A perfectly competitive firm operates in the short-run with labor as its only variable factor. Its production function is: Q = -L3 + 10L2 + 88L where Q is output per week measured in tons and L is the number of workers employed. The weekly wage is $324 and the product sells for $3.24 per ton. (a) At what weekly output is marginal cost equal to average variable cost? (b) What is the minimum product price...
1. Consider that the C & A Lawnmower Firm operates in a highly competitive industry. The MB(Q)-200, which means that the price of each service is $200. The estimate for the total cost is given by CQ-80,000+100+0.1Q2. Use this information to answer the following questions. a. What is net benefit maximizing level of output? b. What is the total benefit function? c. What is the maximum net benefit? Please include the letter with each part of your answer (a, b,...