Which strategy can be legally adopted by organizations looking to restructure the workforce to minimize the expense of benefits?
A. limiting the coverage on life insurance based upon an employee's age
B. recruiting new employees instead of demanding overtime from existing employees
C. substituting HMO and PPO plans with traditional health insurance plans
D. using more full-time rather than part-time employees
E. using more independent contractors rather than hiring additional employees
Answer: E
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Which of the informal elements of ethics are widely accepted organizational standards of behavior within an organization?
A. language B. stories C. norms D. rituals
Dairy Day, an ice -cream maker, launches an ad campaign that shows that its products have
lower fat content than the frozen dessert products promoted by Dreamland, its main competitor. This is best described as an attempt at ________. A) negating the threat of new entrants B) counteracting increased bargaining power of suppliers C) neutralizing increased bargaining power of buyers D) reducing pressure from substitute products
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. Determine sewing time constraint for the LP formulation. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced.
A. 3X1 + 2X2 ? 240 B. X1 + 1.5X2 ? 150 C. 3X1 + 2X2 ? 150 D. X1 + 1.5X2 ? 240
The Bahouth Bike Company has completed an exhaustive analysis for four suppliers of bicycle frames to support their business. They considered on-time speed, top quality and customization in their selection process
Each criterion is given a weight (total = 100 points), and each supplier is scored on each criterion (1 = poor, 10 = excellent). The data are shown in the following table. CRITERION WEIGHT A B C D Sustainability 3 9 2 0 1 Cost 6 3 0 3 10 Quality 8 4 0 9 4 On-time Delivery 4 0 6 1 0 Using the preference matrix (total weighted score) approach for selecting suppliers, which supplier should Bahouth select? What is its total weighted score?