...Understanding Risk Tolerance Levels https://homeworklance.com/downloads/understanding-risk-tolerance-levels/ BUYU Manufacturing has been contracted to provide SAEL Electronics with printed circuit and motherboards (PC) boards under the following terms: • 100,000 PC boards will be delivered to SAEL in one month. • In 3 months, SAEL has an option to take the delivery of an additional 100,000 boards by giving BUYU a 30-day notice. • SAEL will pay $5 for each board it takes. BUYU manufactures the PC boards through a process called batching, and manufacturing costs are as follows: • The manufacturing batch run has a fixed setup cost of $250,000, regardless of the run size. • The marginal manufacturing cost is $2.00 per board, regardless of the size of the batch run. BUYU must decide whether it should manufacture all 200,000 PC boards now, or if it should manufacture 100,000 now and the other 100,000 boards only if SAEL decides to buy them. If BUYU manufactures 200,000 now and SAEL does not exercise its option, then BUYU will lose the manufacturing cost of the extra 100,000 boards. BUYU believes that there is a 50% chance that SAEL will exercise its option to buy the additional 100,000 PC boards. 1. Discuss the potential profit of manufacturing all 200,000 boards now. 2. Draw a decision tree for the decision that BUYU faces. 3. If BUYU uses its expected profit as the basis for its decision, determine the preferred course of action. 4. Determine the range of values of...
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...Understanding Risk Tolerance Levels https://homeworklance.com/downloads/understanding-risk-tolerance-levels/ BUYU Manufacturing has been contracted to provide SAEL Electronics with printed circuit and motherboards (PC) boards under the following terms: • 100,000 PC boards will be delivered to SAEL in one month. • In 3 months, SAEL has an option to take the delivery of an additional 100,000 boards by giving BUYU a 30-day notice. • SAEL will pay $5 for each board it takes. BUYU manufactures the PC boards through a process called batching, and manufacturing costs are as follows: • The manufacturing batch run has a fixed setup cost of $250,000, regardless of the run size. • The marginal manufacturing cost is $2.00 per board, regardless of the size of the batch run. BUYU must decide whether it should manufacture all 200,000 PC boards now, or if it should manufacture 100,000 now and the other 100,000 boards only if SAEL decides to buy them. If BUYU manufactures 200,000 now and SAEL does not exercise its option, then BUYU will lose the manufacturing cost of the extra 100,000 boards. BUYU believes that there is a 50% chance that SAEL will exercise its option to buy the additional 100,000 PC boards. 1. Discuss the potential profit of manufacturing all 200,000 boards now. 2. Draw a decision tree for the decision that BUYU faces. 3. If BUYU uses its expected profit as the basis for its decision, determine the preferred course of action. 4. Determine the range of values of...
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...First of all ,if I were Kelly I wouldn’t risk my own and whole characteristic of my own job.i would risk the fact that I may lose my job or atleast the promotion. i would take the task as soon as I make sure that the bridges on my back are not broken . In another point of view,I would aswell take the chance and the opportunity BUT in this case I would make sure that the life of my family will be safe, eventhough, moving from a country to another always includes many difficulties .its normal and understandable that societies are different. not all the people live with the same life style! Not all people have big apartments with backyards and its not so hard to understand.if you are willing to take the risk and move to another country,you are taking the risk of giving up on something that you may prefer aswell. Its very easy to understand the fact that if you are moving from another country with another culture, to a country with a totally different culture ,you will have problems getting used to the situation and being adapted; atleast at the beginning of the journey ! in this case ,you should be understanding and patient. the first stage of the cultural shocks are always the hardest part to deal with, therefore being patient is the first “unwritten law” in passing by this level of culture shock . to be short ,if you are willing to experience something new and different, being open and understanding in the differences are as necessary as having a preview or an idea about the...
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...an international company, and understanding internally how it all comes together. Now I see why it helps to identify the company’s strengths and weaknesses, prioritize the company’s tasks to solve them in the right order and synchronize efforts to move in the same direction. We covered subjects such as globalization, differences in cultures, the strategy of international business, and the organization of international business, global human resource management and global marketing. This knowledge is important because it gives me an understanding of how to utilize the knowledge behind a product, and bring inside knowledge to everyone on the team I create. I see how it’s not the physical product itself that makes an impact on the market, but how you utilize the knowledge behind the product such as the services and culture. The real value of knowledge is not the product but how to use everything to create a competitive advantage anywhere. A company has many different units, and sometimes they are not all aligned to the same. By looking more closely at challenges, when dealing with forming the strategy to implementing the strategy, I am now able to identify the misunderstandings between the decided strategy and the action taken, or to identify if there are different perceptions of the same strategy within a company. This is extremely relevant when dealing with multinational companies where the structure is complex and there is room for error and risk of misunderstanding with the...
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...who own a better understanding of foreign market, export potential and financing option. The risks include being laid by local distributors who pretend to be the professionals and they may do something harmful to your business but benefits themselves. To reduce the risks, first you need to contribute a close relationship with local distributors. Second, know whom you are dealing with, such as doing background checks on potential business partners and gathering as much information as you can. Third, don’t make assumptions because the wrong choice can cost your business valuable time and money. Finally, learn the local cultures. 2. I think it depends on the demands and quality of selling products. The reason of that Vellus’s original entry into exporting was both reactive and serendipitous is she could improve pet shampoo and understood what dog owners desire for. Therefore, its product is competitive, resulting to getting calls from people around the world for export business. To make small firms more proactive with regard to exporting, not only are the products of good quality and competitive, the owners need to be proactive. For example, they should be active to recommend their products to users in shows and exhibitions. 3. She has some advice for others who want to down the same road. First, build good relationships. Secondly, know whom you are dealing with. Third, learn the local culture. Finally, enjoy the ride 4 She got better understanding of foreign markets...
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...Explain how understanding specific English language learners' needs guided the choice of instructional strategies to support the content and language learning. It is essential to understand English language learners’ needs because ELL students face the combined challenge of learning all the academic content as other students, while also learning the language of instruction. With the rapid growth in the size of the ELL student population in the U.S., teachers who are effective recognizes ELL students unique academic needs, unique background experience, culture, language, personality, interests and attitudes toward learning for the purpose to adjust, or differentiate, their instruction to meet students’ needs. Explain how the differentiation of tasks or activities supported the English language learners' content learning and language development. Differentiating tasks or activities enables and supports ELL students in many ways. Using differentiated teaching strategies gives ELL students the leverage that is needed to be successful. In the case of the aspects of quantity and quality for example, the same reading task can be assigned to the whole class, but students do not have to do the same number of questions or exercises. The ELL students are given a choice and can choose to do one or more tasks; it is important for them to progress at their own pace and interest. Explain how the differentiation of assessments allowed the English language learners to demonstrate...
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...or even pliers. 2. Limiting the Problem Unnecessarily- an example of this would be if you are baking and you realize you need powder sugar and you can finely grind sugar in the blender to make powder sugar. 3. Saturation or Information Overload- finding out what was wrong with a car a good example of this. Adam’s emotional blocks: 1. Fear of Risk Taking- an example of this is not raising your hand to answer a question in class because you are afraid to not answer it correctly. 2. Lack of Appetite for Chaos- planning an event is a good example of this. You must be prepared for the chaos and just understand that at the end everything will come together. 3. Judging Rather Than Generating Ideas- wanting your idea to be the only one used and not being open minded. 4. Lack of Challenge- not wanting to do a math problem that you already know how to do. 5. Inability to Incubate- when you leave a lot of things to the last minute. Higgin’s hindrances: 1. Defining the problem to narrowly- not looking at the bigger picture. 2. Attacking the symptoms, rather than the real problem- not understanding what the real problem is. 3. Assuming there is only one right answer- not keeping an open mind. 4. Getting “hooked” on the first solution- not realizing that there can be more than one answer. 5. Getting “hooked” on a solution that almost works- settling for less than 100%. 6. Being distracted by irrelevant information- not weeding out facts...
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...The following Case Study is to provide information of how parental consent in the Health Career seems to cause a lot of communication difficulties between the parents, the teens, and the doctors, nurses, etc. I will be using real life examples of situations where communication difficulty occurred, and will be demonstrating some ways we could possibly resolve this issue by using communication models and ideals from our textbook. My main focus is especially on teen abortions and teens that are diagnosed with an STD, and how some states require parental consent and how some states don’t. In many states a minor can consent, and has the capacity to consent or can make his or her own health care decisions, the consent of another person, such as the minor’s parent or guardian, is not needed (Tigges,B.B.2003). This is one of the many reasons why doctors, nurses, etc. have difficulty cooperating with parents and teenagers when there is a required parental consent, or when there isn’t a required parental consent (Griffin-Carlson,M. S.,&Mackin,K.J.2008). Montefiore Medical Center in NYC had a lawsuit in the year of 2012 for “Unauthorized release of private medical information to parent of teen.” Dana Nunez is 17 years old; she goes into the hospital to be treated for genital herpes. The Doctors and Nurses do not need to get Dana’s parents’ permission before treating her, because a minor can consent to health care for sexually transmitted infections in the state of New York. Therefore, Dana...
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...Understanding the role of the social care worker 1.1 Explain how a working relationship is different from a personal relationship The difference between a working relationship and a personal relationship is that a professional relationship is governed by professional codes of conduct and employer policies and procedures. Fundamentally, it is vitally important to maintain professional boundaries between other staff members and individuals in your care, taking care to maintain a strong sense of mural respect and understanding of the beliefs of others, regardless of your opinion of them. Essentially, a personal relationship is one that is created through personal choice with a person who you share similar interests and personal values with. Concepts such as boundaries are more fluid and are not governed by set rules of procedures. 1.2 Describe different working relationships in social care settings There are many different types of relationships within health and social care and each will require a different type of working relationship with varying degrees of formality. For instance, the relationship you would have between a service user and a social worker, or other professional body would be much different, having to employ a more formal approach with a member of a professional body. Essentially the different types of working relationships are: Between colleagues Between supervisors and managers Professional bodies Clients and family members/representatives...
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...DEALING WITH TRAFFIC JAMS IN LONDON The project dealing with traffic jams was so vast that the risks associated with it were also too many: * Dependability on Vendors/consultants. * Success estimation when integrating all subprojects. * Quality of all the equipment required for the project. * Budget estimation and ensuring the cost between upper and lower limit. * Extent of communication between all managers. * Estimation of the size of the project is very important to divide the tasks. Management strategies recommended can be: 1. Establish the tasks priority. 2. Build effective relationship between all modules of the project. 3. Using compiled data in an effective manner. 4. Manage the deliverables rather than activities. 5. Process of deciding which technologies and communications methods to implement. 6. Creating a unit to make consumers aware of the purpose and process of the project. They split the project in sub parts rather than trying to manage as one whole. Relationships were managed effectively between all modules. All drivers were made aware of the procedure to fill taxes and the purpose of the project was also explained to them. Methodologies applied in this project were combination of Agile and SDLC. Yes, this seems a rational approach, because, the problem was identified, requirements were stored, design and construction was prepared and then the verification, implementation was done. Also Agile because they started...
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...MGT/521 February 27, 2010 Construct and Support an Argument Investing in one’s education is one of the smartest things a person can do. The more education one has, the more opportunities open up for that individual. Higher education, not to be limited to the MBA program, provides our knowledge to develop personal abilities and development within our careers. By pursuing my MBA, I believe it will provide the necessary tools to become a more effective leader and further my career within University of Phoenix. A major factor in effective business is Communication. Communication fosters motivation by clarifying to employees what is to be done, how well they are doing, and what can be done to improve performance…The formation of specific goals, feedback on progress, and reinforcement of desired behavior all stimulate motivation and require communication (Brooks & Judge, 2007). To communicate effectively one must first determine how people perceive them. People’s perceptions affect how well the message is coming across to others. So in order for anyone to become a more poised, lucid and comprehensible speaker they must first understand what type of personality they have. Without the knowledge of how people perceive me, I may not know if I am being an effective leader. The processes of perception routinely alter what humans see. When...
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...must be reviewed and understood before the planning must begin. Not planning at all can cause headache after headache and is very important, understanding this I have developed a plan of action to always have a plan in play before I even start to establish my coming of the project to be. Nevertheless, my plan of action is to always have a well thought out plan and to follow the plan of action, as well establishing the plan in the first place will be my very first step always. I will plan for the worst and the best always, also making sure that I always have a backup plan knowing you can’t always plan the future and things to come. My second plan of action will follow the second sin, failing to account for all project activities. I will develop comprehensive plans, which will not only work for me but also work for my team in terms of understanding and importance of the project at hand, also make sure that the door is open to further my teams understanding of my comprehensive plan. Focusing on the third sin of project planning this being failure to plan for risk, knowing that you can’t always plan for the good and bad of things setting a plan of knowing the risk at play, I will simply make sure that I am aware of the risk and have a plan in place to make sure the risk do not affect my project at hand. Nevertheless, my plan will follow the risk that could occur, not...
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...the warnings are present, and clear to the reader. With a triangle shape with an exclamation point to depict that there is present danger, or will damage the equipment if the caution is not read. With symbols present throughout the manual in areas the manufacturer deems necessary that potential risks pose a threat to the consumer. If these risks do not inform the consumer, the manufacturer would be set up with lawsuits, and money unnecessarily spent among employees will be costly. The company understands these potential circumstances by the way the user manual is wrote. Contact information documentation in areas that detail certain parts of the coffee maker is helpful to the consumer. If the consumer has any questions regarding the part details of the coffee maker, then the consumer does not have to search for the contact information. With extra parts shown on the page as the documentation, the manufacturer makes it easy for the consumer to contact, and order the extra parts for the coffee maker. With the step-by-step instructions clear, and concise in the coffee maker user manual, the reader can comply with the directions to operate the coffee maker. The pictures add to the understanding of the how to process in steps to perform the actions. The parts of the coffee maker are shown in how to clean, and maintain the parts to comply with the manufacturers recommendations. This will direct the consumer to keep within the manufacturers guidelines,...
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...The unfamiliarity effect: this effect is seen when people have no idea how hazardous something can be, and what specific risks it may pose for their own life. If Zika was a more common virus, the reaction to the outbreak may not have been so widespread and fear-driven. Since the WHO recently published a document with resources for “effective risk communication around Zika virus transmission and potential complications,” more people were informed of the potential risks, and provided with some familiarity about the illness caused by the virus (WHO,...
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