Question 1

Delphi Technique
A. List 4 characteristics of the Delphi technique.
B.	Give an example of a situation to use the Delphi technique.

Accepted Answer

A)
1) No subject interaction
2)	Allows members to continually revise previous statements
3)	Allows freely expressed opinions
4)	Prevents a group leader from making final decisions

B)It could be used when determining if a new product will be profitable for a company to begin production. Answer depends on the student and their experience.

Question 2

Give a company's mission that you found on the web.

Accepted Answer

Sure, here is a company's mission statement that I found on the web:

"Our mission is to provide high-quality products and services that exceed our customers' expectations, while also contributing to the well-being of our employees and the communities in which we operate. We are committed to sustainability, innovation, and ethical business practices in everything we do."

Question 3

The Bozo Sales Company has had sales for the years 2004 through 2007 have been
$50,000, $64,000, $67,000, and $80,000, respectively.
a. What sales would you predict for 2008 using a weighted moving average with weights of 0.40 for the immediate preceding year and 0.30, 0.20, and 0.10 for the three years before that?
b.What sales would you predict for 2008 using a simple four-year moving average?
c.Are the answers in a and b the only predictions to use? Why?

Accepted Answer

A)64900
B)65250
C)No, there's the whole spectrum of qualitative forecasting methods and a few other quantitative methods that can be used.

Question 4

If as a manager of an engineering company you ask that engineers become more familiar with financial reports, what would you tell them are the benefits? Give 3.

Accepted Answer

There are many benefits for engineers to

Question 5

Herzberg specifically classed salary as a hygiene factor, not a motivator. How does salary fit in with Maslow's hierarchy? Discuss how these two statements relate.

Accepted Answer

Maslow classifies salary at th

Question 6

WP Machine shop makes deluxe and regular skis on a weekly schedule for the area skiing enthusiasts. They also supply both regular and deluxe skis to local sporting goods stores. A deluxe pair of skis requires 40 minutes for roughing and 20 minutes for finishing, whereas a regular pair of skis requires 20 minutes for roughing and 27 minutes for finishing. With only 1,000 minutes for roughing and 800 minutes of finishing time available per week and a profit realization of 4 Euros and 3 Euros for the deluxe and regular, respectively, what weekly mix of the two types of skis should be produced to meet the contract's requirement and maximize profits.
Do Not Solve!!!
-What is the problem?
Give (in mathematical terms):
-Decision Variables -
-Objective Function -
-Constraints -

Accepted Answer

Problem - How many pairs of deluxe and r

Question 7

What changes in an organization structure might you expect as a result of the information revolution?

Accepted Answer

The answer of What changes in an organization structure might...

Question 8

Do you think that engineering leaders of today are leaning more toward the servant leadership? Why? 2 reasons.

Accepted Answer

The answer of Do you think that engineering leaders of...

Question 9

What is a difference in a Vision and a Mission for a company?

Accepted Answer

A vision is more of a long ter

Question 10

Super Electronics, Inc. is a specialist in the emerging field of microcomputers. The firm currently produces two products: a personal computer with the label GE-1000 and a small computer with the label GE-2000. The company has set up two modern production assembly lines. The assembly time requirements, the production capacities of assembly lines, and the unit profit for the two products are as follows:
 $$\begin{array} { | l | c | c | c | } 
\hline & \begin{array} { l } 
\text { Production } \
\text { GE-1000 } \
\text { Hours/unit }
\end{array} & \begin{array} { l } 
\text { Production } \
\text { GE-2000 } \
\text { Hours/urit. }
\end{array} & \begin{array} { l } 
\text { Production } \
\text { Capacity } \
\text { Hours/week }
\end{array} \
\hline \text { Assembly line 1 } & 4 & 2 & 80 \
\hline \text { Assembly line 2 } & 1 & 3 & 60 \
\hline \text { Unit profit } & \$ 150 & \$ 250 & \
\hline
\end{array}$$ The management of Galaxy Electronics is attempting to determine the best possible weekly production schedule for GE-1000 and GE-2000 to maximize total profit.
Do Not Solve!!!
What is the problem?
Give (in mathematical terms): Decision Variables - Objective Function - Constraints -

Accepted Answer

Problem - How many each of products GE-1

Question 11

Give an example of the Abilene Paradox, other than the ones given in class.
Write your example in paragraph form stating the Abilene Paradox and how your example conforms to this paradigm. State this so that someone outside of class may understand what we are talking about.

Accepted Answer

The answer of Give an example of the Abilene Paradox,...

Question 12

Why is planning said to have "primacy" among the managerial functions?

Accepted Answer

Planning is the most important

Question 13

How would you distinguish between engineering management and management in general?

Accepted Answer

Engineering management is the art of pla

Question 14

What have we learned from classical management thinking? Give 3 items

Accepted Answer

Several answers are appropriate here inc

Question 15

The Blue Manufacturing Company has had sales for the years 2006through 2009 have been $48,000, $64,000, $67,000, and $83,000, respectively.
a. What sales would you predict for 2010 using a weighted moving average with weights of 0.50 for the immediate preceding year and 0.30, 0.15, and 0.05 for the three years before that?
b.What sales would you predict for 2010 using a simple four-year moving average? 
c.Are the answers in a and b the only predictions to use? Why?

Accepted Answer

No, there's the whole spectrum

Question 16

Some companies require that employees who receive training at the company's expense enter into a contractual agreement to stay with the company a number of years or repay the company if they leave. Is this unduly restrictive, or is it justifiable? Why?

Accepted Answer

This practice of requiring employees to

Question 17

Distinguish between traditional line authority and staff authority. Give an example within your university. (or in your company)

Accepted Answer

Line authority is superior-sub

Question 18

Comments have been made as to the positive and negative aspects of Frederick Taylor's teachings. Give 2 positive comments on the teachings and discuss.

Accepted Answer

His methods helped businesses increase t

Question 19

Based on the expected value, which of the investment options listed below is the best choice, if my choice is to make money. The states of the economy are given with their probability of occurrence. Also given is the amount of money to be made in each state (given in thousands of dollars)
 $\begin{array}{l|c|c|c|c|}
\hline
 States ~of& .4 & .3 & .3 & \
nature\
 & \text { Solid Growth } & \text { Recession } & \text { Inflation }  \
\text { Alternatives }&&&&\text { Expected Value }\
\hline
\end{array}$
$\begin{array}{lccc}
Bonds&&12&&&&&6&&&&&3\
\
Stocks&&15&&&&&-2&&&&&4\
\
Certificates ~of\
Deposits&&4.5&&&&&4.5&&&&&4.5\
\hline
\end{array}$

Accepted Answer

Expected value of bo

Question 20

Can multinational companies overcome the need for co-location of team members when the teams must be created with people who come from greatly separated geographical locations? If your answer is yes, how can they accomplish this? If your answer is no, support your answer.

Accepted Answer

The answer of Can multinational companies overcome the need for...

Delphi Technique A. List 4 characteristics of the Delphi technique. B. Give an example of a situation to use the Delphi technique.

Give a company's mission that you found on the web.

If as a manager of an engineering company you ask that engineers become more familiar with financial reports, what would you tell them are the benefits? Give 3.

Herzberg specifically classed salary as a hygiene factor, not a motivator. How does salary fit in with Maslow's hierarchy? Discuss how these two statements relate.

What changes in an organization structure might you expect as a result of the information revolution?

Do you think that engineering leaders of today are leaning more toward the servant leadership? Why? 2 reasons.

What is a difference in a Vision and a Mission for a company?

Give an example of the Abilene Paradox, other than the ones given in class. Write your example in paragraph form stating the Abilene Paradox and how your example conforms to this paradigm. State this so that someone outside of class may understand what we are talking about.

Why is planning said to have "primacy" among the managerial functions?

How would you distinguish between engineering management and management in general?

What have we learned from classical management thinking? Give 3 items

Some companies require that employees who receive training at the company's expense enter into a contractual agreement to stay with the company a number of years or repay the company if they leave. Is this unduly restrictive, or is it justifiable? Why?

Distinguish between traditional line authority and staff authority. Give an example within your university. (or in your company)

Comments have been made as to the positive and negative aspects of Frederick Taylor's teachings. Give 2 positive comments on the teachings and discuss.

Can multinational companies overcome the need for co-location of team members when the teams must be created with people who come from greatly separated geographical locations? If your answer is yes, how can they accomplish this? If your answer is no, support your answer.

Functions of Technology Management

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Exam 1: Introduction to Engineering Management

Delphi Technique A. List 4 characteristics of the Delphi technique. B. Give an example of a situation to use the Delphi technique.

Give a company's mission that you found on the web.

If as a manager of an engineering company you ask that engineers become more familiar with financial reports, what would you tell them are the benefits? Give 3.

Herzberg specifically classed salary as a hygiene factor, not a motivator. How does salary fit in with Maslow's hierarchy? Discuss how these two statements relate.

What changes in an organization structure might you expect as a result of the information revolution?

Do you think that engineering leaders of today are leaning more toward the servant leadership? Why? 2 reasons.

What is a difference in a Vision and a Mission for a company?

Give an example of the Abilene Paradox, other than the ones given in class. Write your example in paragraph form stating the Abilene Paradox and how your example conforms to this paradigm. State this so that someone outside of class may understand what we are talking about.

Why is planning said to have "primacy" among the managerial functions?

How would you distinguish between engineering management and management in general?

What have we learned from classical management thinking? Give 3 items

Some companies require that employees who receive training at the company's expense enter into a contractual agreement to stay with the company a number of years or repay the company if they leave. Is this unduly restrictive, or is it justifiable? Why?

Distinguish between traditional line authority and staff authority. Give an example within your university. (or in your company)

Comments have been made as to the positive and negative aspects of Frederick Taylor's teachings. Give 2 positive comments on the teachings and discuss.

Can multinational companies overcome the need for co-location of team members when the teams must be created with people who come from greatly separated geographical locations? If your answer is yes, how can they accomplish this? If your answer is no, support your answer.

Functions of Technology Management

Filters