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Question 13 of 36
………is an example of the process theory of motivation.
A. Maslow’s hierachy of needsB. Hertzberg’s two-factor motivation theoryC. The equity theory of motivationD. The acquired needs modelQuestion 14 of 36
_____ is a control system used to determine the effectiveness of the organisation’s transformation process.
A. InventoryB. Performance managementC. OperationsD. QualityQuestion 15 of 36
Which one of the following options is an example of inventory control?
A. Programme Evaluation And Review Technique (PERT)B. Total Quality Management (TQM)C. Economic Order Quantity (EOQ)D. Inventory budgetQuestion 16 of 36
When placing an order for materials with a supplier, the economic order quantity is the quantity (in units) for which the sum of total _____ costs and _____ costs will be a minimum.
A. out-of-stock, materials replenishmentB. annual order, inventory holdingC. renting, advertisingD. materials replenishment, total inventory

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Ruba and Alia walk into California Pizza Kitchen at the Dubai Mall and order a Thai Chicken Salad to share and two large diet Pepsis. The waiter brings them a Thai Chicken Salad, two large diet Pepsis, and a Barbeque Chicken Pizza. Ruba and Alia eat all of the food on the table. When the bill comes, Ruba and Alia refuse to pay for the Barbeque Chicken Pizza because they did not order it. The manager, having taken MGT-231 at CUD, tells them that they have to pay because they entered into an implied-in-fact contract. What are the three (3) criteria for implied-in-fact contracts? Explain whether Ruba and Alia need to pay for the pizza using evidence/examples/facts from this scenario to support each criteria and your answer.

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Airbnb’s customer experience

The hospitality accommodations sector has been affected by the rise of alternative digital players that have disrupted the market. In various places around the world, short-term accommodation platforms have become a substitute for traditional hotel accommodation. The top entrant is Airbnb – a company that facilitates the reservation and rental of accommodations between individuals. Airbnb is disrupting the market by leveraging digital technology and data to create a suitable, satisfying, and profitable customer experience. Therefore, it is essential to investigate the story behind Airbnb’s success as well as the challenges it is facing and the way it is adapting to new consumer needs.

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Suppose you have been tasked with regulating a single monopoly form that sells 50-pound bags of concrete. The firm has a fixed cost of $30 million per year and a variable cost of $4 per bag no matter how many bags are produced.

  • a. You find out that if you set the price at $5 per bag, consumers will demand 30 million bags. How big will be the size of the firm’s profit or loss?
  • b. If consumers instead demand 40 million bags at a price of $5 per bag, what would be the firm’s profit or loss?
  • c. Suppose that the demand is perfectly inelastic at 40 million bags, so that consumers demand 40 million bags irrespective of price. What price would you charge if you want the firm to earn only a fair rate of return? Assume as always that TC includes a normal profit.

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