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The production manager for the Rusty soft drink company is considering the production of two kinds of soft drinks: regular and diet. Two of her resources are constraint production time (8 hours = 480 minutes per day) and syrup (1 of the ingredients), limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drink are $3 per case and profits for diet soft drink are $2 per case. What are optimal daily profits?
Empowerment
Giving employees authority and responsibility to make decisions about their work.
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The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.
Consultative Management
A leadership approach where managers seek input and feedback from their team before making decisions, promoting a collaborative work environment.
Organizational Structure
The system outlining how activities are directed in order to achieve an organization's goals, defining roles, responsibilities, and the flow of information within the organization.
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