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University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90,000 screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for $4 each. Unsold programs are sent to a recycling center that pays only 10 cents per program. The standard deviation is 5,000 programs, and the cost to print each program is $1.

a) What is the cost of underestimating demand for each program?

b) What is the overage cost per program?

c) How many programs should be ordered per game?

d) What is the stockout risk for this order size?

 
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1. Processes, formulas, methods, procedures, and lists are all examples of __________.

  • trademarks

  • service marks

  • trade secrets

  • copyrighted materials

2. Nearly two-thirds of the states have enacted criminal codes based on the Uniform Criminal Code (UCC).

True or False

3. The Coca-Cola Company’s soft drink syrup recipe is an example of a __________.

  • patent

  • trade secret

  • trademark

  • copyright

4. In terms of intellectual capital, __________ knowledge is highly individualized knowledge that is hard to replicated or even explain.

  • explicit

  • tacit

  • tangential

  • savant

5. A warrant may be issued based on __________.

  • a preponderance of the evidence

  • proof beyond reasonable doubt

  • probable cause

  • proof beyond a shadow of a doubt

6. A Ponzi scheme is a fraudulent investment operation that pays returns to investors from their own money or money paid by subsequent investors rather than from any actual profit earned.

True or False

7. In a civil case, the plaintiff must prove __________ that the defendant committed a civil wrong.

  • by a preponderance of the evidence

  • beyond a shadow of a doubt

  • beyond reasonable doubt

  • by the substantial weight of the evidence

8. Suppose that Al Kaypon (Al) sets up a scheme to fool investors into thinking that he has invented a new product that will generate millions of dollars in sales. He designs a brochure and mails it to several individuals. At this point in the scheme, what crime (if any) has Al committed? rev: 08_25_2020_QC_CS-223792

  • Conspiracy to commit fraud

  • Mail fraud

  • Embezzlement

  • No crime, since none of the individuals contacted have responded to the brochure

9. “Look-and-feel” trademark features are called __________.

  • public domain characteristics

  • generic traits

  • trade dress

  • secondary trademarks

10. Agency rules that have the legal effect and impact of the rights of parties are known as __________.

  • codified statutes

  • legislative rules

  • persuasive authority

  • executive rules

 
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Gemtronich Corp. produces electrical components for appliance and automotive industries. Previously, daily demand for part KX202 has shown little seasonal variation, but has been normally distributed with a mean of 700 per day and a standard deviation of 100. The company works 250 days per year. Ten days lead time is required to schedule, wait for a machine and set up for a production run. The cost to initiate a production run is approximately $200, and the holding cost for each unit of this product is $0.25 per year.

a) Determine the optimal production quantity for this item.

b) What is the annual total ordering and holding cost for this component?
c) Compute the reorder level that will provide a 96% service probability.
 
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Topic : Managing a Diverse Workforce

  1. Give an example of a company that has ethical/leadership issues regarding the topic of Managing a Diverse Workforce? Include the answers to the questions below in your research and use the ethical theories deontology, utilitarianism, rights, and virtues

  • What ethical challenges are posed for organizational leaders seeking to manage a diverse workforce?

  • What ethical issues arise with respect to affirmative action, reverse discrimination, harassment (sexual and otherwise), family and personal issues, and cultural differences?

  • What recommendations do you have for leaders faced with these issues who seek to promote and value diversity while ensuring the equitable treatment and respect of individuals?

 
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