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Critical Thinking Exercise

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Question;Ch 1: Critical Thinking;Exercise 2 (p. 37);2. Why is it important;to match supply and demand? If a manager believes that supply and demand will;not be equal, what actions could the manager take to increase the probability;of achieving a match?;Ch 2: Discussion;Review Question 2 (p. 64), Problem 3 (p. 65);2. List the key ways;that organizations compete.;3. Compute the multifactor productivity;measure for each of the weeks shown for production of chocolate bars. What do;the productivity figures suggest? Assume 40-hour weeks and an hourly wage of;$12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.;Ch 11: Discussion;Review Questions: 3 & 7 (p. 502, p. 503), Problem 4 (p. 503);3. What is aggregate;planning? What is its purpose?;7. Briefly discuss the;advantages and disadvantages of each of these planning strategies;a. Maintain a level rate;of output and let inventories absorb fluctuations in demand.;b. Vary the size of the;workforce to correspond to predicted changes in demand requirements.;c. Maintain;a constant workforce size, but vary hours worked to correspond to predicted;demand requirements.

 

Paper#56200 | Written in 18-Jul-2015

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