Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The town of Broomville, along with local arts and athletic groups, decided to erect a new community center for sports, music, and theatre. The total estimated cost was $18 000 000. In April, Jane Borkus, president and CEO of the largest local industry, Autotech, promised to match every dollar raised through other donors, up to $9 000 000. Both she and the delighted town mayor, Geoff Johns, made the announcement over the local television station and in a joint statement in the town’s newspaper. Borkus said the deadline would be 12 months. The following January, the campaign was proceeding extremely well: other donors had pledged $5 500 000 and Borkus presented a cheque for $4 000 000 as Autotech’s “down payment and pledge of goodwill.” Unfortunately, in March, Autotech lost its major contract to supply car parts to one of the big three auto manufacturers. Anticipating a large loss at year’s end, Borkus withdrew the pledge and asked for the return of the down payment. What arguments may be made on behalf of the town both to keep the money paid and to require Autotech to honour its commitment? What do you think the decision would be?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92546842

Have any Question?


Related Questions in Operation Management

1 what are the differences between crude specific and

1. What are the differences between crude, specific, and adjusted rates? Please offer specific examples 2. Please name two examples of healthcare data sets, and discuss the strengths and limitations of these data sets 3. ...

Your organization is contemplating the purchase of a new

Your organization is contemplating the purchase of a new human resource information system and has tasked you with formulating a proposal. Organizational details for you to consider for this assignment are as follows: ? ...

1 discuss the importance of data analysis in business using

1. Discuss the importance of data analysis in business. Using an example of a business that you are familiar with, discuss how it can successfully utilize data analysis techniques in various aspects of its functioning. 2 ...

Camile owns crunch code a company that provides quick

Camile owns Crunch Code, a company that provides quick programming solutions. Clients send Crunch projects via their webpage and Crunch bangs out the needed code as quickly as possible. Camile has 4 programmers who do al ...

A local authority has to decide on the location of a new

A local authority has to decide on the location of a new wastedisposal facility and five sites are currently being considered; Inston Common, Jones Wood, Peterton, Red Beach and Treehome Valley. In order to help them to ...

1 compute the takt time minutes per unit for a system given

1. Compute the takt time (minutes per unit) for a system given the following data: There is a single worker per shift with a total time per shift of 460 minutes. There is/are 1 shift(s), and workers are given two 5 minut ...

Consider the following list of generic business processes

Consider the following list of generic business processes. Identify each as a value creation process or a support process. Then rank them in a logical sequence that the value creation processes should follow. a. Invoice ...

Suburban homes construction project quality management plan

Suburban Homes Construction Project Quality Management Plan (QMP) Prepare a quality management plan using the elements described in the PMBOK 6e (Section 8.1.3.1) for the Suburban Homes Construction Project. Content : Ov ...

A 14-year old patient was seen at your hospitals er after a

A 14-year old patient was seen at your hospital's ER after a car accident. The patient’s parents make it clear to the staff that they are not willing to give consent to any procedure involving blood products or transfusi ...

Natbike a bicycle manufacturer has identified two customer

NatBike, a bicycle manufacturer, has identified two customer segments; one that prefers a customized bicycle and is willing to pay a higher price and another that is willing to take a standardized bicycle but is more pri ...

  • 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