Operations management is the specialized area in management that converts or transforms resources into goods and services.
What is Operations management?
Operations management can be defined as the process of effectively and efficiently managing a business operation leading to smooth running of the business.
Operations management as well as to do with supervising, managing and controlling production process or the production of goods and services.
Therefore Operations management is the specialized area in management that converts or transforms resources into goods and services.
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The inputs that a manager uses to alter production are referred to as:________
a) plant and equipment.
b) long-run factors.
c) fixed factors.
d) variable factors.
The inputs that a manager uses to alter production are referred to as variable factors. Thus the correct option is D.
What is the manager?A manager is an individual in any organization responsible for coordination and control of business operations by doing optimum utilization of resources.
There are different types of managers present in the organization having separate roles and responsibilities.
When a manager uses inputs to alter production are referred to as variable factors those values change with the output. These variable factors can be labor, raw materials as well as machinery used in production.
Therefore, option D is appropriate.
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If a country has a comparative advantage in the production of a good, then that country.
If a country has a comparative advantage in the production of a good, then that country has a lower opportunity cost in the production of that good. Comparative advantage is a theory that explains why businesses, nations, or people might gain from trade. Ability to create a good or service for a lower opportunity cost is a benefit of comparative advantage.
Companies with a comparative advantage are able to sell their products and services for less than their rivals do, resulting in higher profit margins and stronger sales margins. the capacity of a producer to outproduce a rival in terms of production of a good or service.
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Switzerland is much smaller than the united states but its population density is much greater. Although switzerland’s gdp is much smaller than the united states’ gdp, its _______ is slightly higher.
Switzerland is much smaller than the united states but its population density is much greater. Although Switzerland's GDP is much smaller than the united states' GDP, its GDP per capita is slightly higher.
A country's Gross Domestic Product (GDP) per capita is calculated by dividing the GDP by the entire population. The table that follows ranks all of the nations in the world according to nominal GDP per capita and GDP at purchasing power parity (PPP) per capita. Therefore, a higher GDP per capita is frequently associated with excellent outcomes in a wide variety of areas, such as better fitness, more education, or even more lifestyle satisfaction. United States of America. The United States of America is a North American country and the strongest naval and economic power in the region. Likewise, its cultural influence is felt around the globe, mostly because to the popular culture that is reflected in music, movies, and television.
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what is the marginal cost (mc) and marginal benefit (mb) of hiring each worker? using the rational rule to maximize her economic surplus, how many workers should aliyah hire?
Aliyah should hire three workers. Marginal gain is the most quantity of money a consumer is willing to pay for an extra appropriate or service.
The consumer's delight tends to minimize as consumption increases. Marginal fee is the alternate in value when an extra unit of a excellent or carrier is produced.
What is MC and MB in economics?Economists are making sensible preferences by way of comparing the extra advantage to the corresponding extra price at every decision. The more benefit is referred to as Marginal gain (MB); the extra fee is referred to as Marginal cost (MC). You must only choose an object when its MB is higher or equal to its MC.
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https://brainly.com/question/17230008#SPJ4If a shortage exists in the car market, then the current price must be than the equilibrium price. For the market to reach equilibrium, you would expect.
If a shortage exists in the car market, then the current price must be lower than the equilibrium price. For the market to reach equilibrium, you would expect buyers to pay higher prices.
What is equilibrium price?Market supply and demand must balance one another to reach equilibrium, which leads to stable pricing.
In general, when there is an abundance of products or services, prices decline, which increases demand, but when there is a scarcity, prices rise, which decreases demand.
The consumer cost associated with a good or service when supply and demand are equal or nearly equal is referred to as the equilibrium price, also known as the market-clearing price. T
he producer or vendor may sell as many units as they like, and the buyer may access as many units as they choose to purchase.
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If a shortage exists in the car market, then the current price must be lower than the equilibrium price. For the market to reach equilibrium, you would expect buyers to pay higher prices.
What is equilibrium price?Market supply and demand must balance one another to reach equilibrium, which leads to stable pricing.
In general, when there is an abundance of products or services, prices decline, which increases demand, but when there is a scarcity, prices rise, which decreases demand.
The consumer cost associated with a good or service when supply and demand are equal or nearly equal is referred to as the equilibrium price, also known as the market-clearing price. T
The producer or vendor may sell as many units as they like, and the buyer may access as many units as they choose to purchase.
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jamila, the top manager of a large bank, related to her staff that the bank’s goal was to create higher profits and greater efficiency. this will fulfill their corporate social responsibility (csr).
Jamila, the top manager of a large bank, relayed to her staff that the bank's goal was to create higher profits and greater efficiency. This will fulfill their corporate social responsibility. FALSE
Efficiency is the frequently measurable potential to avoid wasting fabric, power, attempt, money, and time to do some thing or gain a desired end result. extra typically, it's far the capability to do matters properly and efficiently with out company funding, on the subject of a huge corporation or a particular huge company. hobby prices are higher for corporate clients than for individual customers.
The economic system is developing and company income are growing. employer means relating to a huge agency or a particular big company.
The business enterprise is a commercial enterprise entity owned by means of shareholders who elect a board of administrators that oversees the activities of the corporation. A organization is responsible for its moves and price range, however its shareholders.
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Paloma’s firm is beginning operations in a foreign host country that requires at least 5% of managerial roles to be filled by workers from the host country. When paloma hires 50% of managers from the host country, she is fulfilling the "make a profit" practice of corporate social responsibility. True or false?.
Paloma’s firm is beginning operations in a foreign host country that requires at least 5% of managerial roles to be filled by workers from the host country. When Paloma hires 50% of managers from the host country, she is fulfilling the "make a profit" practice of corporate social responsibility is a true statement.
What is corporate social responsibility?
Corporate social responsibility is also called as CSR. It is the concept where a a business has the responsibility to do right and good.
Corporate social responsibility means that a company should engage in self-regulating its actions and also be socially accountable to all of its stakeholders and customers.
Embracing Corporate social responsibility will increase customer loyalty and retention and also improves employee engagement, brand imaging.
It will also attract top talent and investment opportunities which can create a difference for all the bottom-line financials.
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antonio is shopping at an outdoor market. complete his conversation with the vendor by choosing the correct words from the list and writing them in the blanks. calidad | caro | collar | de | descuento | hecho | lleva | ofrecer | oro | poco | precio | última
which details support the idea that samara lives in a supportive community? select each correct answer. samara receives positive responses to participate in developing the park. samara receives positive responses to participate in developing the park. wanda and other librarians help samara with her presentation for the zoning board. wanda and other librarians help samara with her presentation for the zoning board. samara realizes that pine grove does not have any open public spaces. samara realizes that pine grove does not have any open public spaces. mrs. yang wants to lead the gardening project. mrs. yang wants to lead the gardening project. samara spent many afternoons at the library.
Samara receives tremendous responses to participate in developing the park.
Wanda and other librarians assist Samara with her presentation for the zoning board.
What is supportive community?A supportive neighborhood is a crew of humans who will assist you thru tough instances and celebrate with you in glad times.
It is a group of human beings who have a commitment to you and who are there when you want them. For some people, their nuclear and prolonged families1 serve as their supportive communities.
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https://brainly.com/question/14406852#SPJ4The ________ view of social responsibility is that managers today are employees with a primary responsibility to shareholders and their single focus should be on generating financial returns.
In the classical view managers nowadays are employees with a primary duty to shareholders, and their main goal should be to produce financial returns. This is what is meant by social responsibility.
More about social responsibility:
A business must act in a way that benefits both its shareholders and society as a whole in order to be considered socially responsible. Many companies—including those with "green" initiatives—have incorporated social responsibility into their business models without compromising their capacity to make money.
Social responsibility is becoming increasingly important to investors and clients who want businesses that not only succeed but also improve human and environmental welfare.
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Since ethical issues fall into the gray area between black-and-white legality, how should creatives approach ethics?
Since ethical issues fall into the gray area between black-and-white legality, You take some time to define your own ethical boundaries
This is further explained below.
What are ethical boundaries?Generally, When referring to caregiver relationships, "ethical limits" refers to the ethical norms that ought to regulate them in order to differentiate them from personal, intimate, or professional connections.
Within the canon of ethical writing, there is a distinction made between boundary breaches and boundary crossings.
In conclusion, Given that moral dilemmas exist in the ambiguous space that separates right and wrong, you should spend some time figuring out where your own ethical lines are drawn.
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Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by:______
Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by more because it is more likely to be a luxury.
What is recession?A recession can be described as the widespread, as well as the prolonged downturn that a country could be experiencing in her economic activity.
It should be noted that this can be recorded when there is consecutive quarters of declination in the in gross domestic product that can be attributed to a particular country.
In conclusion Recessions do bring about the declines in economic output, as well as employment, hence in the Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by more because it is more likely to be a luxury since the price of goods as well as services is high at that time and everything becomes costly.
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CHECK THE COMPLETE QUESTION:
Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by because it is more likely to be a ▼ less more
▼ .Luxury necessity
If the cross-price elasticity between goods x and y is -2.0, the goods are ________ and an increase in the price of good x will cause a(n) ________ in the demand of good y.
If the cross-price elasticity between goods x and y is -2.0, the goods are Complementary and an increase in the price of good x will cause a(n) Decrease in the demand of good y.
The commodities are complementary if the cross-price elasticity between Goods X and Y is less than 2.0. Complementary items' cross-price elasticity is always negative. Because complementary commodities are utilized in tandem, a rise in the price of Good X will result in a fall in the demand for Good Y.It's because a decrease in consumption of one good will result from a rise in the price of the other if the cross price elasticity is negative.
As a result, the two products will be consumed simultaneously, and in most cases, if one thing becomes pricey, so will the other. By the same reasoning, all of the other choices are erroneous.
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jason thomas has invested $200,000 in a privately held family corporation. the corporation does not do well and must declare bankruptcy. what amount does thomas stand to lose? a. up to his total investment of $200,000. b. zero. c. the $200,000 plus any personal assets the creditors demand. d. $100,000.
Thomas could lose all of his $200,000 investment.
Describe bankruptcy.
When a person or corporation is unable to pay back their debts or obligations, bankruptcy is a legal process that is started. A petition is filed either on behalf of creditors, which is less frequent or by the debtor, which is how the bankruptcy process gets started.
All of the debtor's assets have been counted and assessed, and they might be utilized to pay off some of the outstanding debt.
Is Bankruptcy an Excellent Option?
Unfortunately, bankruptcy may be the best option for certain individuals or companies. The alternative to liquidating all of your assets and facing court judgments for non-payment or contract breaches may be necessary if debts grow to be too large to manage.
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Where is the location of the Board of Governors?
Power company a sells electricity for $0.04/kwh. company b sells for $0.03/kwh plus a $100/month charge. if your business uses 4,000 kwh per month, which company should you use?
Answer:
Power company A
Explanation:
We are given that
Power company A sells of 1 Kwhr electricity=$0.04
Power company B sells of 1 kw hr electricity=$0.03
Power company B additional monthly charge for electricity=$100
Total business uses electricity in 1 month=4000 kwhr
We have to find which company should
used by me.
Power company A sells of 4000 kwhr electricity =0.04 x 4000 $160
Power company B sells of 4000 kwhr electricity=4000 x 0.03 $120
Power company B sells of 4000 kwhr electricity=120+100=$220
Hence, Power company A should used by me because it is cheaper than company B.
burrow, inc. borrowed $20,000 with an annual rate of 6%, the note and interest are due at the end of two years. by the end of the first month, the interest incurred equals $
Burrow, inc. borrowed $20,000 with an annual rate of 6%, and the note and interest are due at the end of two years. by the end of the first month, the interest incurred equals $100.
Annual interest manner the full amount of all accrued or capitalized hobby paid in the course of that period, without duplication, for the enterprise during the Trial length, except for mortgage expenses. Annual Interest accrues whilst you take out a mortgage or line of credit score. expenses and hobby at the books ought to be recorded.
To document interest accumulated in an accounting length, debit the interest prices account and credit score the annual rate amassed money owed. This increases costs and liabilities. gathered interest accumulates over time and isn't always cloth to a organisation's operational productivity over the years.
Collected interest is usually expected to be received or paid inside 12 months and is therefore counted as a current asset for the lender and cutting-edge liability for the borrower.
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True or False. The people in the stock exchange are paid a share from the investors’ profits.?
Answer:
false
Explanation:
in november 2017, treasury 3 7/8s of 2041 offered a semiannually compounded yield to maturity of 3.00%. recognizing that coupons are paid semiannually, calculate the bond's price. assume face value is $1,000. (do not round intermediate calculations. round your answer to 2 decimal places.)
The bond's price assumes face value is $1,000 is $1,137.65
Nominal value refers to the dollar value of a financial instrument at the time of issuance. The face value of a bond is the price that the issuer will pay at maturity, and bond prices and bond yields are inversely related. If bond prices go up, yields go down. When bond prices fall, yields rise. This is because the bond's coupon rate remains fixed, so the secondary market price fluctuates frequently in line with prevailing market interest rates. The value printed or depicted on a coin, banknote, stamp, ticket, especially if it is less than its actual or intrinsic value.
The Price of the Bond is the aggregate value of the Present Value of the coupon amounts plus the present value of the face value
Face Value = $1,000
Semi-annual Coupon Amount = $19.375 [$1,000 x 3.875% x ½]
Semi-annual Yield to Maturity = 1.55% [3.10% x ½]
Maturity Years = 52 Years [(2041 – 2015 ) x 2]
The Bond Price = Present Value of the Coupon payments + Present Value of Face Value
= $19.375[PVIFA 1.55%, 52 Years] + $1,000[PVIF 1.55%, 52 Years]
= [$19.375 x 35.52186] + [$1,000 x 0.44941]
= $688.24 + $449.41
= $1,137.65
Therefore, Bond Price = $1,137.65
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The primary disadvantage of the meet-the-competition method of marketing communication budgeting is:________
The potential liability to meet-the-competition budgeting is that marketing dollars might not be spent efficiently.
How do firms determine marketing communication budgets?There are four common methods used by firms to decide on the communications budget. These are the reasonable method, the percentage-of-sales way, the competitive parity strategy, and the objective-and-task method. Many businesses operate more than one method to come at a relatively accurate allocation figure.
Marketers position their products by continually researching what their customers like and want.
The marketing mix also understood as the four P's of commerce, guides the four key elements of a marketing strategy: product, price, place, and promotion.
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Marketing Mix Elements:
1. A flake cereal becomes a strawberry
flake cereal.
2. A customer buys a magazine from
the checkout aisle.
3. A customer thinks the benefits
outweigh the costs.
4. A firm runs an advertisement in the
newspaper.
5. A firm communicates a message to
a customer.
6. A customer orders a product online.
7. A firm figures out what a customer
needs.
[Choose ]
[Choose ]
[Choose]
[Choose]
[Choose]
[Choose]
[Choose]
>
A product changes from a flake of cereal to strawberry flake cereal.
In the checkout line, a customer purchases a magazine.
A client believes the benefits outweigh the price.
A company's publication of an advertisement in a newspaper is a promotion.
A company's promotion is how it tells a customer what it stands for.
A place where a customer orders a goods online
A business determines that a customer requires a certain product.
A product is anything that can be supplied to a market to satiate the need or want of a client. In marketing, a product is an object, system, or service made accessible for consumer usage as of consumer demand. Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials and then sold as finished things in the manufacturing sector. An additional category of goods is a service. A commodity can be anything that is widely available on the open market, however they are typically raw commodities like metals and agricultural products. In project management, "products" are the formally defined project deliverables that make up or help deliver the project's objectives.
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Question 1 of 15.
Your Total Labor Cost was $27,750. Management Labor was $4,575 and Tax & Benefits were $8,150. Your average Direct Labor Hourly Wage was $10.25. How many Direct Labor Hours did you use?
Direct Labor Hours pay =3,948.78.
Direct Labor work cost is a part of wage-bill or payroll that may be mainly and constantly assigned to or related to the manufacture of a product, a particular work order, or provision of a provider.
Direct labor value is easy to recognize. It refers to the fees, which include wages and other advantages, that you incur for employees that at once paint at the tasks including the laborer, rigger, foreman, and pipefitter. oblique hard work refers to employees who aren't involved in planning or construction initiatives.
The total Labor Cost was $27,750.
Management Labor was $4,575 '
Tax & Benefits were $8,150.
Total cost invluding = $27,750. + 4,575 + $8,150.
= $40475
Direct Labor Hourly Wage = $10.25.
Direct Labor Hours pay =3,948.78
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Engaged learners often
a. hope the instructor covers the reading in class.
b. listen attentively to lectures.
c. ignore all their other classmates.
d. stay silent in class.
Engaged learners often listen attentively to lectures. The correct option is B. According to research, including students in the learning process improves their concentration and focus and encourages them to use more sophisticated critical thinking.
How does student engagement impact student performance?The researchers discovered that students who demonstrated engagement, as evidenced by punctuality, preparation for and participation in class work, and making an effort to finish their assignments and homework, had a higher likelihood of being academically successful, maintaining passing grades throughout high school, and graduating on time.
Student engagement, which refers to how attentive, curious, interested, upbeat, and passionate students are when learning or being taught, also includes how motivated they are to study and advance in their education, is referred to as learner engagement.
Thus, the ideal selection is option B.
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Offering extrinsic rewards as a motivator fits best with which theory of learning?
Answer: Extrinsic Motivation
Explanation:
Roy is looking for a group or organization that could help prepare him to be a business leader and provide a variety of leadership experiences. What group might be a good fit for Roy?
A. America’s Next Entrepreneurs (ANE)
B. Future Business Leaders of America (FBLA)
C. Entrepreneurial Leaders of America (ELA)
D. Business and Students First (BSF)
A philosophy known as entrepreneurial leadership focuses businesses on solving problems as opportunities to advance the economy and society. Entrepreneurial Leaders of America
Whatever the situation you find yourself in, entrepreneurial leadership will be essential to your development. Gaining leadership abilities facilitates talent development, the introduction of new goods and services, efficiency, and market share.
Leadership and the leadership process are a component of the innovation method, and as such, they have an impact on the sustainability and innovativeness of invention. Leadership has an equal impact on innovation's efficacy and accuracy, and it also aids in managing and directing the uncertainty that comes with the process.
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poland requires 4 hours of labor to produce a ton of coal and 10 hours of labor to produce 10 bushels of wheat. the czech republic requires 6 hours of labor to produce a ton of coal and 10 hours of labor to produce 10 bushels of wheat.
Poland requires 4 hours of labor to produce a ton of coal and 10 hours of labor to produce 10 bushels of wheat. the czech republic requires 6 hours of labor to produce a ton of coal and 10 hours of labor to produce 10 bushels of wheat.
between 1/6 ton and 1/4 ton of coal per bushel of wheat
How many pounds is a bushel of wheat?
60 pounds
Corn was allocated a bushel weight of 56 pounds, while soybeans and wheat were allocated bushel weights of 60 pounds. Some other models are: Rye at 56 pounds per bushel, barley at 48, oat and fescue at 32, etc
How multiple loaves of bread do you get from a bushel of wheat?
A bushel of wheat yields 42 one-and-a-half pound retail loaves of white bread OR about 90 one-pound loaves of entire wheat bread. There is around 16 ounces of flour in a one-and-a-half pound loaf of bread.
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What is the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan?.
Answer:
Your creditworthiness is what creditors look at before they approve any new credit to you. Creditworthiness is determined by several factors including your repayment history and credit score
Explanation:
the answer is credit score courtesy of shelovesvoodoo in ig
The most noticeable difference between common-law and code-law systems is found in the laws governing _____.
The laws governing intellectual property are where common-law and code-law systems most obviously diverge.
What is intellectual property ?The collection of intangible assets that a company or person possesses and is legally entitled to guard against illegal use or application by third parties is referred to as intellectual property.
The concept of intellectual property was developed on the premise that some works produced by the human mind should be afforded the same legal protections as material possessions.
Hence, the difference between common-law and code-law systems is found in the laws pertaining to intellectual property.
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the adjusted trial balance is used to verify that total debits equal total credits after account balances have been updated to reflect adjusting entries.
Yes, it is true that when account balances have been updated to reflect adjusting entries, the adjusted trial balance is utilised to confirm that total debits and total credits balance each other out.
To ensure that total debits and total credits balance out, utilise a trial balance. After account balances are modified to reflect adjusting entries, the adjusted trial balance is created.
What is adjusting trial balance ?Any modifications are reflected in an amended trial balance, which displays the general ledger account balances. Depreciation, prepaid expenses, accruing charges, and other non-cash costs are frequently covered by these adjustments. It is that simple.
The adjusted trial balance is not a financial statement, even though the modified account balances will be included in the financial statements. In both the adjusted trial balance and the unadjusted trial balance, the total amount of the debit balances must match the total amount of the credit balances.Learn more about Adjusting trial balance here:
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a canadian agaent has an existing client who goes on vacation to seattle, washington. the agent wishes to contact the customer in seattle aboout an investment that he wishes to recommed
The IAR need not register in the State of Washington because the customer is on vacation.
Since their clients frequently travel extensively within the United States, Canadian broker-dealers and investment advisers are covered under the Uniform Securities Act. A Canadian broker-dealer or investment adviser is immune from registration (as are its agents) when executing trades for current clients who are temporarily vacationing in the US as long as they do not have a place of business there.What is IAR?On behalf of a registered investment advisor, or RIA, an investment advisor representative provides clients with advice. An investment company that has registered with the Securities and Exchange Commission (SEC) is known as a registered investment advisor .Learn more about IAR here:
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