Maximizing revenue should be the goal of the firm Select one: O a. True O b. False
Q: What is the final value of the decision tree?
A: Find the given details below:
Q: A process is designed to produce 2,050 units per hour. The process has a scrap rate of 0.9% and a…
A: Given data : Scrap rate=0.9 %= 0.009Inefficiencies=14%= 0.14The actual output of the process=1550…
Q: For Smithson Cutting, the break-even point in units = units (enter your response as a whole…
A: Given data Fixed costs = $450.00 per units Variable costs = $0.50 per units Selling price = $0.60…
Q: 7. Internal process approach focuses on: O Input Transformation O Output O Feedback O None of the…
A: The production is the function that incorporates all the core activities of the business. The…
Q: Management is often associated with which of the following terms? Dynamic Risk-taking Planning…
A: Management can also involve taking risks, changing things, and being open to new ideas, but planning…
Q: With Warp Knitting: Group of answer choices It is the most common It can also be done…
A: Meaning:- Warp Knitting is a specific type of knitting technique used to create fabric , which is…
Q: Objectives must be realistic related to our organization resources. True False
A: Organizational objectives refer to the desired position that the company intends to achieve in the…
Q: a.Which model is commonly adopted to assist managers to focus on various functions and processes…
A: We are authorized to answer one question at a time since you have not mentioned which question you…
Q: Given this set of daily service operations, and assuming a processing order of A-B-C-D-E: Service…
A: Processing order of service operations = A-B-C-D-EService OperationNumber of Daily…
Q: Planning discovers the worst alternative out of available many alternatives Select one: O a. False O…
A: Planning discovers the best alternative out of the choice of alternatives available It helps in the…
Q: 6- A manufacturing company expects to purchase a new production-line equipment after 3 years. If the…
A: Amount to be set aside each year = 500000 × (AF,4%,3)= 500000 × 0.290731 = 145365.50
Q: Which of the following statements about big data is false? Firms use high-powered analytical models…
A: In reality, involvement of operations managers is crucial in the implementation of big data…
Q: Where various acceptable alternative methods or practices exist, it is important that only the…
A: There is a different between an industry and a firm. A firm is described as an organization that…
Q: When portraying the power law on a log-log graph, the y-axis is the logarithm of the unit costs, and…
A: A logarithmic function is a vital tool for mathematical calculations. The discovery of logarithms…
Q: I need answer typing clear urjent no chatgpt used i will give upvotes full explanation pls
A: To analyze the problem involving the sliding vanes compressor and its working cycle shown in the…
Q: How does increasing the thickness of insulation in a wall affect its thermal performance? - A.…
A: Before we answer the question, it's important to understand what U-value and R-value mean. The…
Q: Relative performance-based pay can adversely affect the competitive environment within an industry.…
A: 1- The statement is false. Relative-performance based pay boost firm productivity and increase…
Q: Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current…
A: a), we want to determine what percentage decrease in cloth prices is needed to enhance benefit from…
Q: What type/s of transformation process occurs within a fast food restaurant? Choices: (there may be…
A: Anything that is tangible is a product. We see a number of products around us now and then. But it…
Q: Organization implementing Deming 14 point principle for Continuous Improvement must strongly adopt…
A: Answer- b. Institute training and self development
Q: Select one: True
A: TRUE
Q: ( Since focus differentiators have closer understanding of the customers’ requirements, they tend to…
A: Its True! service differentiation to take advantage of strategic, financial, and marketing…
Q: Which statement is true? A. In the Service (Productt) Processs matrix, the degree of labor…
A: Service process matrix can be defined as a classification matrix of the service industry firms based…
Q: Indicate whether the item below is used as key performance indicators for the areas of (A)…
A: Key performance indicators are any type of measures taken which are quantifiable and are meant to…
Q: Which of the following statements is true? a) To determine realistic productivity standards, an…
A: Establishing and maintaining effective productivity standards is crucial in the hospitality…
Q: A Professor in the College of Engineering at US university presents toys of different car models to…
A: A professor in the college of engineering at US university presents toys of different car models to…
Q: ?Which one of the following is correct regarding organization sustaining activities They may be…
A: Organization-sustaining activities can be stated as those activities that are taken to handle or…
Q: Henson Automotive wants to understand how much water the company is using when manufacturing its…
A: Water is a vital resource available on earth. It is very difficult to imagine life without water. It…
Q: Which of these is the entity in the supply chain responsible for selling consumer goods or services…
A: A company’s supply chain deals with producing and distributing the goods and services to the…
Q: Hayek admits that the system he envisions is not perfect, but at least:
A: ANSWER : Option : a)prices always respond in the right direction
Q: urpose of cost manageme
A: Cost Management is the way toward assessing, dispensing, and controlling task costs. The expense of…
Q: As the owner of a fast food restaurant with declining sales, your customers are looking for…
A: Below excel screenshot show the approach for solving this problem using linear programming.
Q: One of the planning objectives is to increase competition Select one: O a. False O b. True
A: Planning is the first function of management, which is the beginning step for every business,…
Q: 2. D.G.H.M. Inc. makes two different grades of cement mix for driveway paving for their clients.…
A: LPP is used to find an optimal solution from given conditions. For two-variable we use graphical…
Q: Identify the statement that refers to the inseparability of service. a. Produced and consumed at the…
A: Inseparability of service: It is a characteristics of service which makes it unfeasible to separate…
Q: Which of the following is/are one of the four functions of the management process? O Prior O…
A: Management involves guiding individuals in the team to reach common goals. It needs using resources…
Q: cording to Alan Williams, planning, budgeting and monitorir echanisms involves evaluating the…
A: Planning: It refers to the process of thinking ahead of the actions and activities required to…
Q: Match the term on the left with its correct meaning on the right. 1. A comprehensive management…
A: We would understand each of the terms in the given problem and analyze the correct solutions. Please…
Q: Select the right answer. 1. The crossover point between two processes A and B can be stated as - [ ]…
A: Here, there are multiple different MCQs, as per the guideline, the first question should be taken…
Q: g qualities t
A: The provision of prompt, high-quality support to customers by a company and its staff is referred to…
Q: Roger and three of his colleagues have been nominated by their managers to attend an ISO training…
A: Production factors are resources used by people to produce goods and services; they are the economic…
Q: Service intangibility means that services cannot be seen, tasted, felt, heard, or smelled before…
A: Operations management is an area of management dealing with production, storage and delivery of…
Q: Which of the following answers gives the definition of a process? the one-of-a-kind production of a…
A: The production process is important for business as it helps in providing goods and services that…
Q: The main objective of internal control is: a. to promote operational efficiency and encourage…
A: Internal Control: Internal control is required and is followed in every workplace or an…
Q: Cycle time is a(n) ________ perspective on the balanced score card. Group of answer choices…
A: In the balanced scorecard, cycle time, quality, employee skills, and productivity are part of the…
Q: 7 The ability of an organization to produce services that, by utilizing the consumer's five…
A: Experience differentiation refers to the strategic approach where organizations focus on creating…
Q: Indicate whether the item below is used as key performance indicators for the areas of (A)…
A: Key performance indicators are related to the development of quantifiable measures employed to…
Step by step
Solved in 2 steps
- A business model does not allow analysis of different areas of a firm and comparisons with other companies. Select one: O True FalseGoal congruence in well-designed performance measurement systems best explains a congruence between the board of directors and C-level management. True / False1. Goods assume the following characteristics, except a) customers do not help with their manufacturing b) their quality is easier to measure c) they are more likely to be unique d) they can be stored until needed manufacturing is easier to measure e) 2. An operations manager is not likely to be involved in a) the design of goods and services to satisfy customers' wants and needs b) the quality of goods and services to satisfy customers' wants and needs c) work scheduling to meet the due dates promised to customers d) maintenance schedules e) the identification of customers' wants and needs 3. The operations function is made up of many tasks including all of the following except a) Managing inventory b) Scheduling production c) Equipment acquisitions d) Designing jobs e) All of the above
- 19 - Which of the following is the problem of a firm's lack of performance standards? a) Performance results are mixed. B) It is difficult to determine the timing of the performance. NS) Performance criteria are compared. D) It remains unclear on what basis the performance will be evaluated. TO) The situation arises as to who will measure performance.14. If Product Z costs $1000 and Product Y costs $1500 Benefits 2300 units. Benefits 4000 units A.Calculate the perceived value that the customer will get from product Z and Y. (show the formula and the calculation) B.Which one will the customer probably buy ? explain . * Enter your answer7. David was invited to his friend's birthday. He decided to wrap a piece of junk from the basement it wrapping paper and gave it to his friend as a gift, even though he could afford to buy him a nice hin gift. In this case, David is a A. Patrician B. Tightwad C. Justifier D. Spendthrift 8. If a new product increases the ideal state of a customer without changing his or her actual state, then a has been created. A. Opportunity B. Search C. Accident D. Need recognition 9. Which of the following is considered a post-purchase process? A. The shopping experience. B. Mood C. Consumer satisfaction D. Shopping orientation SOBU I Date Saved: December
- It is important to cammunicate with the customer verbaliy and non-verbally about the satistying capacity of the product These tateinents are meatto the customer of the best possible product fit to his needs. Recommend, progress or help O b. Inform, persuade, remind O c. Identify, suggest, remind O d. Informs, persuade, recommendGreat Plains is designed to be used by companies that have a large number of potential users.Select one:a. Falseb. TrueWhich of the following is a description of a company that has a production orientation? a. Bear & Co. produces artificial ficus trees and other artificial plants that are primarily sold to companies as office decorations. b. ABC Industries employs thousands of independent consultants who make commission selling a skincare regimen.> c. Smith Company manufactures standard yellow no. 2 pencils, which are sold in retail stores and in bulk to schools and testing centers. d. Hall Corporation manufactures.