8i9x6

All of the following are current strategic issues of particular concern to managers EXCEPT

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right people to become more competitive on a local basis.

The strategic approach to human resource management recognizes key elements.Which of the following is NOT an ingredient in successful human resource management?

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Only top-line managers are predominantly human resource managers.

____ refers to the activities undertaken to attract,develop,and maintain an effective workforce within an organization.

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Human resource management

Use this information to answer the following questions.
A bakery buys sugar in 15-pound bags.The bakery uses 5000 bags of sugar each year.Carrying costs are $20 per bag per year.Ordering costs are estimated at $5 per order.Assume that the bakery is open 250 days a year and its daily demand is estimated at 20 bags.It takes 5 days for each order of sugar to be filled.
-Refer to the information above.What is the minimum inventory held in a given EOQ cycle?

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0 bags

Use this information to answer the following questions.
A bakery buys sugar in 15-pound bags.The bakery uses 5000 bags of sugar each year.Carrying costs are $20 per bag per year.Ordering costs are estimated at $5 per order.Assume that the bakery is open 250 days a year and its daily demand is estimated at 20 bags.It takes 5 days for each order of sugar to be filled.
-Refer to the information above.What is the maximum inventory held in a given EOQ cycle?

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50

Use this information to answer the following questions.
A bakery buys sugar in 15-pound bags.The bakery uses 5000 bags of sugar each year.Carrying costs are $20 per bag per year.Ordering costs are estimated at $5 per order.Assume that the bakery is open 250 days a year and its daily demand is estimated at 20 bags.It takes 5 days for each order of sugar to be filled.
-Refer to the information above.What is the optimal EOQ?

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50 bags

Which of the following is NOT a qualitative method of forecasting?

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Trend Analysis

Which of the following is considered to be a category of forecasting models?

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A,B,and C

Consider the following data that was fitted using a Linear Trend.
11ea3b58_9b6f_fd3f_ba0c_6f6ce339ba4c_TB1469_00
The intercept of the trend line is 8.714,and the slope is 0.75.What is the forecast for period 8?

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14.714

The technique of randomly generating values for unknown elements in a model using random sampling is known as ________.

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Monte Carlo simulation