The Acme Global Corporation forecasts that it will have a labor shortage in two years. Given the new products the organization is developing, there will not be enough skilled workers for Acme Global to hire. Acme Global’s best method for dealing with its labor shortage would be _________.
A. overtime
B. temporary or contract workers
C. retraining
D. turnover reduction
E. skill increases
C. retraining
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McCoy Brothers manufactures and sells two products, A and Z in the ratio of 5:2. Product A sells for $75; Z sells for $95. Variable costs for product A are $35; for Z $40. Fixed costs are $418,500. Compute the number of units of Product A McCoy must sell to break even.
A. 6,200. B. 1,350. C. 10,463. D. 6,750. E. 2,700.
Blogs, discussion groups, and podcasts have provided mouthpieces for anyone with something to say, bringing to light both hidden genius and stupidity.
Answer the following statement true (T) or false (F)
Supervisors play an important role in improving employee productivity because they
A. determine organizational policies. B. devise strategies that are appealing to employees. C. are in direct contact with employees. D. are primarily required to utilize conceptual skills.
Random variation is caused by chance events after all other components of demand have been accounted for in the forecast
Indicate whether the statement is true or false