Why is makespan an important performance measure?
What will be an ideal response?
Minimizing the makespan of a group of jobs allows for greater utilization of the flow shop. Also, makespan is important if all jobs are to be shipped to the same destination on the same truck or rail car. All jobs must be completed before any of them can be shipped.
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Which one of the following statements is TRUE?
A. An agency cost is the reduction in firm value due to agency conflicts. B. An agency cost is the wage required to pay someone who is hired to perform a service. C. An example of an agency cost is when the board of directors pays a dividend to shareholders. D. An example of an agency cost is when an attorney hires an expert witness for a trial. E. The commission required by the Federal Housing Agency for a small business loan is an example of an agency cost.
Describe an internal control procedure that would prevent an employee from punching the time clock for another, absent employee
In which of the following ways does utilitarianism differ from cultural relativism?
a. A utilitarian might take an action if it benefits only the minority, while a cultural relativist would seek to benefit the majority. b. Utilitarians think of fewer people when considering the consequences of an action. c. A utilitarian would consider the norms of the larger society as an important source of ethical thinking. d. A utilitarian would not consider the mere existence of a law as a reason to follow it.
Which is a form of job crafting?
A. changing the employee’s job description B. changing the quantity of output C. changing reporting structures within the organization D. changing cognitive task boundaries