There should be a list of the five risk-control approaches, with brief explanations of each.
Q: One inherent risk to using lean principles is that companies are at higher risk of inventory…
A: The concept underlying lean inventory control is based on eradicating unneeded things & more…
Q: Benetton family in the 1960s, the company is now one of the largest garment retailers, with stores…
A: The key operational goals of Benetton's retail operations, physical distribution operation, factory,…
Q: Assume that a customer in the small contractor target market segment buys an electric drill on…
A: Find the Calculation methods below: Value of a loyal customer (VLC) = P*M*R*BLCP - Selling Price…
Q: Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are…
A: Annual demand(D) = 2450 Holding cost(H) = $1.65 Ordering cost(S) = $18.50 Lead time(L) = 2 Working…
Q: In general, when a consultant's fee proposal and the sponsor's independent fee estimate are within…
A: Post development of a detailed scope of services, satisfying the independent fee estimate (IFE), a…
Q: How would you explain to your Project Director about the basic political, geographic, economic, and…
A: Numerous factors influence the level of success achieved during the planning phase of an…
Q: Given the above information, what is the Critical Path of this project? O E-F-I-J O A-D-G-H-J O…
A: Project management is about planning and organizing the resources of the company. These resources…
Q: Ruka construction Company is considering bidding on a contract for a new office building complex.…
A: Find the Calculations methods below: EMV = ∑ (Probability * Payoff) For example: (EMV value of Build…
Q: An important group is interested in acquiring a company, for which reason they request an opinion…
A: EXPLANATION : Shareholders are owners in a company to reap benefits of the business’ success. A…
Q: Given the following Product Structure Record, how many 1/2" screws are required to assemble 60…
A: Given, The table of items with their quantity and levels, we can form a product structure like this:
Q: Post Covid-19 will inevitably change the expectations of the customer in relation to restaurant…
A: The quality of a restaurant's customer service can make or break a business. The food and beverage…
Q: The goal when making the overbooking decision is to maximize supply chain profits by None of…
A: Supply chain management is all about managing supply chain activities effectively. All the…
Q: The expected times and variances for the project activities are given below, critical path is…
A: A network diagram related to the project is which shows the set sequence of the task that is done to…
Q: Write down two strategies for reducing the expense of corrections. What, if any, significance do you…
A: Organizations deal in finance on a daily basis. It tries to save as much as possible so that when…
Q: The upper and lower specification limits for a component are 5.20, and 5.30 ounces, respectively.…
A: Given, LSL = 5.2 USL = 5.3 Standard deviation = 0.05 Average = 5.24
Q: Bike Components Inc. manufactures bicycle wheels. The firm's owner/manager, has just received the…
A: Find the Calculation methods below: Output Forecast = (Regular time production- Demand) + Overtime…
Q: nning. 3b. Explain one (1) of the factors involved in your choice o
A: When we talk about port operations, we're referring to a set of nautical protocols designed to…
Q: A manufacturing firm is considering three potential locations for a new parts manufacturing…
A: Weighted factor rating is the set of criteria of weighted score for each.
Q: Expected Value Standard Deviation Option A 5,000 642 Which option has maximum degree of risk? (A)…
A: Given: For Option A- Expected value = 5000 Standard Deviation = 642For Option B- Expected value…
Q: Suad Alwan, the purchasing agent for Dubai Airlines, has determined that the second plane took…
A: Find the Calculation methods below: Time taken for n unit (Tn) = T1nbn - Unit numberT1 - Time Taken…
Q: In the design stage of its internal control system, an organization considers it essential to…
A: EXPLANATION : An organization can establish specific measures and standards that servers for the…
Q: Brown and Brown Electronics manufactures a line of digital audiotape (DAT) players. The bill of…
A: Instructions and formula used: Projected on hand = Planned order receipts + ending inventory…
Q: What are some of the benefits of offering private labels? Explain and give examples: Your answer
A: Retailers can sell items under their own brand name through the practice of private labeling, which…
Q: A company has 4 plants: Plant 1, Plant 2, Plant 3, and Plant 4. All the plants make the same product…
A: Transportation is a special case of Assignment Linear programming problem. Cost is minimized in…
Q: Manipulation Manufacturing Company uses 1,000 units of Chip annually in its production. Order costs…
A: EOQ is the economic order quantity that company should purchase to minimise its total inventory cost…
Q: Suppose that an organization is engaged in manufacturing and sales of a seasonal product. Based on a…
A: Beginning Inventory = 0Carrying cost =$7For Level production strategy-Production level = Sales per…
Q: If a company "A" has an Inventory Turnover of 6.20 times while their competitor Company "B" has an…
A: Inventory turns, also defined as inventory turnover & inventory turnover ratio, are widely used…
Q: QUESTION 6 (PRODUCT DESIGN: APPLICATION OF DECISION TREE TO PRODUCT DESIGN) A company manufactures…
A:
Q: The factory also implements a Total Productive Maintenance (TPM) program and begins to transfer…
A: Introduction: Total Productive Maintenance: It is a management practice that aims for operational…
Q: er industries can you think of which may be prone to this kind of business model disruption? Where…
A: Consumers can participate in the creation or consumption of commodities, services, and products in…
Q: Need typed answer only.Please give answer withi
A: In order to provide people with something of value, project management makes use of certain…
Q: Based on the following payoff table, answer the following: High Low 90 -10 70 40 Lease 60 55 Prior…
A: ANSWER : For the maximum likelihood, we will choose the state of nature with high…
Q: A 30% Service Level means that OR=dL R>dL > L OR<dL
A: Service level: Service level is defined as, the probability of satisfying the…
Q: A gentleman farmer maniacally works on academic projects to raise funds for his true passion,…
A: Formulae Used: To determine the Expected Time or Expected Duration: Expected time (te)=to+4tm+tp6…
Q: Kinney be superior? relevance of break-even points for these cities? profit? superior (have higher…
A: Formulae used: Exponential smoothing: Ft=α(At-1) + (1-α)Ft-1Where: Ft-1=forecast for the previous…
Q: (b) (d) Calculate the average observed time for this task. Calculate the normal time for this task…
A: Given, Observations and task times in seconds. Observation Task time 1 50 2 54 3 60 4 66…
Q: Use a graphing calculator or a computer program for the simplex method to solve this linear…
A: Given-
Q: 6. (Ch10) Job A B C D E F Process Time (days) 2 8 4 10 5 12 Due Time (days) 7 16 4 17 15 18 Days…
A: Earliest Due Date or (EDD) - under this rule, the job which has the earliest due date is arranged…
Q: The Maytubig Water Company purifies drinking water in Luzon and Mindanao, which it plans to…
A: Given, Information about supply of 2 filtering plants and demands of wholesalers Costs of each…
Q: opportunity to improve efficiency in a company? What, if any, unexpected consequences might such…
A: The idea of continuous improvement, a long-term strategy for work that deliberately strives to…
Q: 63.2/ 63 is incorrect...
A: Formulae used: Observations needed= No. of samples needed for element=SD×z h× xbar 2where, h= is…
Q: A toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The…
A: Given-
Q: How government influence on pricing give organization examples for explanation?
A: Free markets are frequently thought of as having little to no government intervention. In practice,…
Q: Which of the following statements is true about problem-solving? There are six steps of…
A: In general, a problem is perceived as a challenge or roadblock that prevents the formulation or…
Q: The Dubuque Cement Company packs 80-pound bags of concrete mix. Time-study data for the filling…
A: Find the Calculation methods below: Average Observed time = ∑ Observed timeNo. of observationsNormal…
Q: that deal with time series data and describe what type of information that could be learned by…
A: A statistical method known as time series analysis deals with trend analysis and time series data.…
Q: Assume that a customer in the small contractor target market segment buys an electric drill on…
A: Find the Calculation methods below: Value of a loyal customer (VLC) = P*M*R*BLCP − Selling Price…
Q: The Company "Best Engineers Ltd has released the figures shown below for the financial years 2018…
A: Formula to be used: Total quality cost = Prevention Cost + Appraisal cost + Internal Failure cost +…
Q: P4: produce an outline bill of quantity can you please make me an outline bill of quantity using…
A: A Bill of quantity is a purchase document or evidence of material or an item purchased at a specific…
Q: 1.What do the acronyms PERT/CPM represent? Explain why PERT/CPM is such a useful tool for project…
A: Project management is about planning and organizing the resources of the company. These resources…
There should be a list of the five risk-control approaches, with brief explanations of each.
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- How do we determine the level of safety in our program, and what model do we use?Explain the hierarchy of controls and how it assists in selecting and implementing appropriate risk controls??If a pilot study was conducted, are its execution and results described as well as its impact on the subsequent study?
- Five common classification clusters of risk?How can I explain What are some challenges of risk and quality management? And How can I explain the most difficult challenge to overcome? Why?You are hired as a consultant by an organization to identify an internal control framework for their implementation. Identify and discuss the components/elements of the Committee of Sponsoring Organizations – Enterprise Risk Management - Integrated Framework (COSO-ERM).