Which of the following is the first step in the ethical decision making process Quizlet
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ADVANCED MATH Shoemakers of America forecasts the following demand for each of the next six months: month 1—5,000 pairs; month 2—6,000 pairs; month 3—5,000 pairs; month 4—9,000 pairs; month 5—6,000 pairs; month 6—5,000 pairs. It takes a shoemaker 15 minutes to produce a pair of shoes. Each shoemaker works 150 hours per month plus up to 40 hours per month of overtime. A shoemaker is paid a regular salary of $2,000 per month plus$50 per hour for overtime. At the beginning of each month, Shoemakers can either hire or fire workers. It costs the company $1,500 to hire a worker and$1,900 to fire a worker. The monthly holding cost per pair of shoes is 3% of the cost of producing a pair of shoes with regular-time labor. (The raw materials in a pair of shoes cost $10.) Formulate an LP that minimizes the cost of meeting (on time) the demands of the next six months. At the beginning of month 1, Shoemakers has 13 workers. Verified answer
ADVANCED MATH Verified answer
ADVANCED MATH Verified answer
ADVANCED MATH Absorbing Markov chains are used in marketing to model the probability that a customer who is contacted by telephone will eventually buy a product. Consider a prospective customer who has never been called about purchasing a product. After one call, there is a 60% chance that the customer will express a low degree of interest in the product, a 30% chance of a high degree of interest, and a 10% chance the customer will be deleted from the company’s list of prospective customers. Consider a customer who currently expresses a low degree of interest in the product. After another call, there is a 30% chance that the customer will purchase the product, a 20% chance the person will be deleted from the list, a 30% chance that the customer will still possess a low degree of interest, and a 20% chance that the customer will express a high degree of interest. Consider a customer who currently expresses a high degree of interest in the product. After another call, there is a 50% chance that the customer will have purchased the product, a 40% chance that the customer will still have a high degree of interest, and a 10% chance that the customer will have a low degree of interest. a. What is the probability that a new prospective customer will eventually purchase the product? b. What is the probability that a low-interest prospective customer will ever be deleted from the list? c. On the average, how many times will a new prospective customer be called before either purchasing the product or being deleted from the list? Verified answer Recommended textbook solutions 组合数学5th EditionRichard A. Brualdi 685 solutions Other Quizlet setsRelated questionsRecommended textbook solutionsTonal Harmony, Workbook8th EditionByron Almen, Dorothy Payne, Stefan Kostka 1,387 solutions The Language of Composition: Reading, Writing, Rhetoric2nd EditionLawrence Scanlon, Renee H. Shea, Robin Dissin Aufses 661 solutions
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Ways of the World: A Global History3rd EditionRobert W. Strayer 232 solutions Which of the following is the first step in the ethical decision making?Step 1: Identify the Facts
Given that ethical issues often arise because of a lack of sufficient information or evidence, as well as disagreements about the facts, the first step in the ethical decision-making process is an explicit call for identification of the facts.
What are the 5 steps of ethical decision making?A Framework for Ethical Decision Making. Identify the Ethical Issues.. Get the Facts.. Evaluate Alternative Actions.. Choose an Option for Action and Test It.. Implement Your Decision and Reflect on the Outcome.. Which of the following is the first step in the ethical decision making process Mcq?The first step in the decision making process is Identifying a problem which means examine the problem more closely and understand the cause of a problem.
What are the first three steps in the process of making an ethical decision?Three steps to making an ethical decision. Step one: Follow the Golden Rule. ... . Step two: Do the right thing. ... . Step three: Very rarely do wrongs make it right. ... . Final thoughts: Use common sense, be kind to others.. |
