A Young Entrepreneur Has Just Opened an Electronics Store

question 32

Essay

A young entrepreneur has just opened an electronics store.One of the many tasks that she must address is work scheduling.She plans to stay open from 9a.m.to 9 p.m.Monday through Saturday.She expects her employees to stock the shelves and also be available for cashier check-out when needed.All employees are full time and work four days in a row with two consecutive days off each week.She estimates the number of employees needed each day as follows:

a.Use the days-off scheduling procedure to determine the minimum number of employees required?
b.Based on your schedule found in part (a), which days are overstaffed and by how many workers are they overstaffed?

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Definitions:

Assets Abroad

Financial holdings or investments located in foreign countries, outside of an investor's home country.

Current Account Deficit

A measurement of a country’s trade where the value of the goods and services it imports exceeds the value of the products it exports.

Capital Account

A national account that records transactions involving the purchase and sale of assets, including real estate, stocks, bonds, and businesses, between residents and non-residents.

Financial Account

Part of the balance of payments, recording transactions that involve financial assets and liabilities between domestic and foreign entities.