Scenario 9.3 Tom Bergman,owner and Operator of the Earplug Superstore,is Reviewing the Reviewing

question 66

Multiple Choice

Scenario 9.3
Tom Bergman,owner and operator of the Earplug Superstore,is reviewing the costs associated with the store's best-selling hearing aid,the BZ15.The data available to Mr.Bergman concerning this device follow.
Demand = 25 units/week
Order cost = $3/order
Holding cos = $1.50/unit/year
The Earplug Superstore operates 52 weeks a year.
-Use the information in Scenario 9.3.If Tom orders a one-year supply at a time,how much higher are his total (ordering and holding) costs compared to total costs incurred if he ordered at his EOQ?

• A)less than or equal to $600
• B)greater than $600 but less than or equal to $700
• C)greater than $700 but less than or equal to $800
• D)greater than $800

Grasp the principles of SMART goals and their importance in strategic planning.

Recognize the impact of training and development on employee performance and organizational competitiveness.

Identify legislative and policy frameworks in Canada that influence training and development.

Understand the relationship between strategic human resource management practices and organizational performance.

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Definitions:

Drafting

The preliminary stage of writing or drawing up documents, plans, designs, or legislation before they are finalized.

Research

the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Surveying

The act of examining and recording the features of a piece of land to accurately define its boundaries and create maps or plots.

Observing

The act of carefully watching or monitoring something or someone to gather data or information.