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2. Adama flour factory owns two flour mills-A and B, which have different production capacities of high, medium, and low-grade flour. This company has entered a contract to supply flour to a firm every week with at least 12, 8, and 24 quintals of high, medium, and low-grade flour respectively. It costs the company Birr 1,000 and 800 per day to run mill A and B respectively. On a particular day, mill A produces 6, 2, and 4 quintals of high, medium, and low-grade flour respectively. Mill B produces 2, 2, and 12 quintals of high, medium, and low-grade flour respectively.
a. What are the decision variables?
b. Write the objective function.
c. Write the complete linear programming mode.
d. Find the intercepts of each constraint equation.
e. Draw the Graph of constraints.
f. Identify the feasible region.
g. Identify the extreme/corner points.
How is specialization applied in settings such as a hospital, restaurant, and church?
John owns a car valued at sh. 3 million. He also has two personal accident insurance policies both covering him against accidental death and accidental bodily injury with two different insurers, A for sh. 5 million and B for sh. 15 million. John had decided to insurer his car with three different insurers as follows: - Insurer X sh. 2 million. Insurer Y for sh. 3 million. And Insurer Z for sh. 1.5 million.
Last week, Peter a matatu driver who was driving while drunk lost control of the matatu he was driving and rammed it on Johns car, completely destroying it and causing john very serious bodily injuries resulting in a medical bill of sh. 2million.
Discuss the Principles of insurance that will be relevant John’s compensation for both the loss of his car and his bodily injuries (18 marks)
Discuss why insurance and risk management is important to businesses and the economy. (18 marks)
Direct-to-Consumer Air Conditioner Case Study
People leave their homes in the summer to enjoy the warmer weather. Summer heat isn't for everyone; many older flats and houses lack central air conditioning and rely on fans or in-window air conditioners to keep cool. Despite the fact that many home technology gadgets are sleek and high-tech, the humble room air conditioner has stayed unchanged for decades, keeping its distinct lack of design.
April air conditioners intends to rectify this situation. The new direct-to-consumer (DTC) brand takes a fresh look at in-window unit design and positions itself as a design object as well as a functional appliance. It's hit a nerve with customers; within the first five days of releasing a wait list for the product, there were more than 2,000 people on the waiting list.
2. Develop a profile of target market for April. Include a demographic, social and psychological and situational characteristics (use your research skills)
“Ineffective communication is the fault of the sender”. Do you agree or disagree with this statement? Discuss.
In recent years, the concept of big data analytics has drawn considerable attention of businesses.
(a) Identify the potential contribution of human resource (HR) analytics toward strategic human resource management (SHRM). (4 marks)
(b) Using FOUR (4) human resource functions, explain how human resource (HR) analytics help companies evaluate these functions.
The New England cheese company produces two cheeses. Company produces two cheese
spread by blending mild cheddar cheese with extra sharp cheddar cheese. The cheese spreads
are packaged in 12-ounce container which are then sold to distributors throughout the
Northeast. The regular blend contains 80% mild cheddar and 20% extra sharp and the Zysty
blend contains 60% mild cheddar and 40% extra sharp. This year a local dairy cooperative
offered to provide up to 8100 pounds of mild cheddar cheese $1.20 per pound and up to 3000
pounds of extra sharp cheddar cheese for $ 1.40 per pound. The cost to blend and package the
cheese spreads excluding the cost of cheese is $0.20 per container. If each container of regular
is sold for $1.95 and each container of Zesty is sold for dollar 2.20 how many containers off
regular and justice should New England cheese produce. Formulate the above problem into a
linear programming problem and solve it using Excel Solver. (5)
list 10 threats and 10 opportunities that Apple company is facing.
3. Which stakeholder groups might be affected by paid sick leave, and how?
