A CEO has detected conflict between his marketing vice president and production vice president. He believes they are engaged in distributive negotiation to resolve the conflict. What may have caused the CEO to characterize the negotiation as distributive and why might he want to intervene?
What will be an ideal response?
In distributive negotiation, the two parties perceive a "fixed pie" of resources they need to divide. They take a competitive, adversarial stance. Each party realizes they will need to concede something but is out to get the lion's share of the resources. The CEO might want to intervene due to the negative nature of the approach. The parties are focused on competing and will likely damage their interpersonal relationship and not be concerned with interacting together in the future.
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Marley Company hired a consultant to help improve its operations. The consultant's report stated that Marley's inventory levels are excessive and cited several negative consequences to Marley as a result. Which of the following consequences was not cited in the report?
a. Possible other uses for working capital now tied up in inventory b. Production stoppages due to parts not being available c. Higher property taxes and insurance costs d. Large quantities of obsolete materials
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced. Which one of the following corner point (x1, x2) yields the maximum profit in this LP formulation?
A. (24,84) B. (80,100) C. (84,24) D. (80,0)
Which of the following statements is false?
a. The chi-squared distribution is positively skewed. b. All the values of the chi-squared distribution are non-negative. c. The shape of the chi-squared distribution depends on its degrees of freedom. d. All of these choices are true.
The basic quality tool used to plot time series data in order to identify data trends is known as ________.
Fill in the blank(s) with the appropriate word(s).