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compare-and-contrast-the-three-main-types-of-business-ownership

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In a short paper, compare and contrast the three main types of business ownership. In your paper, give at least one example of a business the exhibits each type of ownership. Discuss the advantages and disadvantages of each type of ownership. Finally, if you were to start a business, which type of ownership would you prefer, and why? Guidelines for Submission: Short papers should use double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to a discipline-appropriate citation method. Page-length requirements: 2 pages.

 
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Design-a-simulation-to-help-Jane-determine-how-many-order-pickers-she-should-hire

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Part I (15 points):

A warehouse manager, Jane, needs to determine how many order pickers she should staff. The daily demand is normally distributed with a mean of 58,855 orders and a standard deviation of 4876 orders. The number of orders that order pickers pick daily is normally distributed with a mean of 6012 orders and a standard deviation of 163 orders.

Design a simulation to help Jane determine how many order pickers she should hire so that demand is satisfied at least 97.5% of the time.

Part II (10 points):

Jane has instructed her QA Department to inspect the picked orders for order accuracy because sales has been reporting that many customers have complaints about inaccurate orders. QA reports that the yield is normally distributed with a mean of 98.8% and a standard deviation of 0.43% which Jane finds unsatisfactory. She has mandated a minimum yield of 99%! The QA Department and Operations have started to design a Six Sigma improvement project to increase the yield to at least 99% but this will take months to complete.

In the meantime, Jane has ordered QA to hire scanners who will inspect the orders and repair the inaccurate orders. QA reports that this has been done in the past and the scanners achieve a 100% yield on the scanned orders. Their output is normally distributed with a mean of 2133 orders and a standard deviation of 97 orders.

Design a simulation to help Jane determine how many order scanners she should hire to achieve the 99% minimum yield.

Note 1: Yields cannot exceed 100%

Note 2: The final yield is calculated as:

[((Original demand – Orders scanned) * Yield) + Orders Scanned]/Original demand

 
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Density-question

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Density is the mass of a substance divided by its volume. What is the volume in cubic centimeters of a mass of 300 grams having a density of 60 grams per cubic centimeter? Please discuss how you arrived at your answer.

 
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Entrepreneurship-Creativity-Innovation

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Grading Criteria:

Grading criteria for the assignment will consist of an evaluation of 1) neatness and readability of response; 2) spelling and language usage; 3) grammar and sentence structure; and 4) the completeness of the response. FOR ALL RESPONSES ELIMINATE THE USE OF PERSONAL PRONOUNS.

Submission Requirements:

ALL SUBMISSIONS MUST BE A WORD PROCESSED “HARD-COPY” PAPER VERSION SUBMITTED WITHIN THE BLACKCOARD PLATFORM. NO HAND WRITTEN SUBMISSIONS OR SUBMISSIONS WHICH CONTAIN ANY PORTION THAT IS HAND WRITTEN WILL BE ACCEPTED FOR GRADING. ALL SUBMISSIONS MUST INCLUDE AND PROPERLY ATTRIBUTE THE SOURCE OF ALL DATA USED IN THE ANALYSIS.

Margins:

Top margin: 1 inch

Bottom margin: 1 inch

Left margin: 1.5 inches

Right margin: 1 inch

Header (top left corner):

Line 1: Student name

Line 2: Assignment number

Line 3: Due Date

  1. What do you consider as success in your business/career? (be as specific as possible)
    1. Short-term (2 years after graduation)
    2. Long-term (10 years after graduation)
  2. What are your specific goals for your personal life:
    1. Family?
    2. Friends and relationships?
    3. Personal interests/hobbies?
    4. Contributions to community/society?
  3. What are the specific objectives for your business/career: (be as specific as possible)
    1. Income?
    2. Lifestyle?
    3. Wealth?
    4. Free time?
    5. Recognition/fame?
    6. Impact on community?
    7. Other?
  4. What do you want to be doing:
    1. In one year?
    2. In five years?
    3. In ten years?
    4. At retirement?
 
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