Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Read the scenario and put the following dimension into the correct category: qualifying or determining dimensions.

Glen is a 45-year-old financial executive who owns his own business and frequently entertains clients at dinner or with sports or other outdoor events on weekends. He is married and has three young children. Glen is looking for an investment that will allow him to continue to entertain his clients and also provide an outlet for spending more time with his family and friends. He first considers buying season tickets to a professional sports team, which is reasonably priced but limits the number of people who can participate in his outings. He next considers purchasing a share in a hunting lodge in the mountains, where he could entertain as many people as he wants during certain weeks of the year, but is not very close to home. Glen's wife suggests they purchase a small cruising boat, which will hold up to 12 people, has a kitchen and small state room for overnight trips but is still elegant enough for a client dinner. It is safe for the children and can be kept near their home. Glen purchases the boat after considering the three options.

Choose one of the two categories for the following scenario: qualifying or determining dimensions.

1. 45 year old financial executive

2. Owns his own business

3. Frequently entertains clients

4. Marries

5. Has three young children

6. More time with family friends

7. Reason priced

8. Wife suggests

9. Elegant enough for a client dinner

10. Safe for the children

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91509294

Have any Question?


Related Questions in Operation Management

1 what are the reasons for investigating the influence of

1. What are the reasons for investigating the influence of schedules on project costs? What is the feasible budget region? 2. Cyber Risk is very transient, so how do regulations, frameworks & risk managements strategies ...

Fact pattern 192 virginia burke purchased a bottle of

Fact pattern 19.2 Virginia Burke purchased a bottle of “Le Domaine” champagne that was manufactured by Almaden Vineyards, Inc. At home, she removed the wine seal from the top of the bottle but did not remove the plastic ...

Ubers first-mover advantage in mobile ride-hailing services

"Uber's First-Mover Advantage in Mobile Ride-Hailing Services." Discuss how and why Uber's success can be at least partially attributed to being a “first-mover” in its category of Mobile Ride-Hailing Services. Include at ...

This tollgate will outline the first phase of the dmaic

??This tollgate will outline the first phase of the DMAIC process for the problem you identified. Apply the first step of the DMAIC cycle to your selected problem or process and document your results in the PowerPoint. E ...

Anarsquos cafe does a large lunchtime carry-out business

Ana’s Cafe does a large lunchtime carry-out business. The Cafe offers two burrito specials: Mild and Spicy. The profit on one serving of Mild is $0.58, while the profit on one serving of Spicy is $0.45. Each serving of M ...

Development of an anti-fraud programa typical organization

Development of an Anti-Fraud Program A typical organization loses a certain percentage of its annual revenue to fraud. Fraud occurs regardless of organizational size or type. Every organization is vulnerable to fraud. Fr ...

1 if you were a project manager which three or four

1. If you were a project manager, which three or four responsibility areas of the nine listed under “The Manager’s Charter” would you most want to have included in a charter granted you by management? State your reasons. ...

Companies generally pay temporary employees lower wages and

Companies generally pay temporary employees lower wages and offer few benefits than they extend to their core counterparts. What are the possible drawbacks for companies that employ temporary workers? Do the negatives ou ...

1 celebrating success in an organization that is culturally

1. Celebrating success in an organization that is culturally diverse can be a challenge. For example, some cultures are very individualist, such as the United States, while other cultures are very collectivist. How would ...

1 why should organizations help individual manage stress

1. Why should organizations help individual manage stress? Isn't stress the individual's responsibility? 2. Does more stress occur today than in past generations and what evidence is available concerning this question? 3 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As