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2 years ago

How would you best describe operations management?

1 answer:

7 0

The management of business procedures to achieve the best level of productivity within an organisation is known as operations management (OM). In order to increase an organization's profit, it is concerned with transforming resources like labour and materials into products and services as effectively as feasible.

Operations management is a branch of management that focuses on planning, organising, and redesigning the production process for goods or services as well as business operations.

Managing an organization's operations and processes is known as operations management. Supply chain management, product design, forecasting, quality control, and delivery management are a few of the tasks carried out by an operations manager.

Planning, arranging, and overseeing in the contexts of production, manufacturing, or the provision of services are the main concerns of operations management.

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Rick eats only french fries and burgers at his office cafeteria. His weekly lunch budget is $48. Each burger costs $6 and each o

Zigmanuir [339]

Answer:

The correct answer is 16 utils.

Explanation:

Amount spent by Rick to get utility of 8 = $6*2 + $3 * 4 = $24

$48/ $24 = 2

$48 will give Rick 2 sets of products combination that give him utility of 8.

At his utility-maximizing point, Rick's utility is 2* 8 = 16 utils.

7 0

4 years ago

An investor purchases a 12-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in

marysya [2.9K]

Answer:

Value of the bond = $862.013

Explanation:

The value of the bond is the present value of the future cash receipts expected from the bond. The value is equal to present values of interest payment and the redemption value (RV).

Value of Bond = PV of interest + PV of RV

The value of the bond can be worked out as follows:

Step 1

Calculate the PV of Interest payment

Present value of the interest payment

PV = Interest payment × (1- (1+r)^(-n))/r

Interest payment = $40

PV = 40 × (1 - (1.05)^(-12×2)/0.05)

= 40 × 13.7986

= 551.945

Step 2

PV of redemption Value

PV of RV = RV × (1+r)^(-n)

= 1000 × (1.05)^(-12×2)

= 310.067

Step 3

Calculate Value of the bond

= 551.94567 + 310.067

=862.01

Value of the bond = $862.013

3 0

3 years ago

Which of the following would not be a part of a company's human resources?

pychu [463]

The answer is D. All would be included as human resources

6 0

3 years ago

Tony's Deli has cash of $145, accounts receivable of $99, accounts payable of $219, and inventory of $413. What is the value of

grigory [225]

Answer:

the value of the quick ratio is 1.11 times

Explanation:

The computation of the value of the quick ratio is shown below:

Quick Ratio = Total Quick Assets ÷ Total current liabilities

= [Cash + Accounts Receivables] ÷ Accounts Payable

= [$145 + $99] ÷ $219

= $244 ÷ $219

= 1.11 Times

Hence, the value of the quick ratio is 1.11 times

4 0

3 years ago

Most economists A. apply the assumption that people rarely behave as if they act rationally although they do aim to maximize uti

aleksklad [387]

Answer:

The correct answer is letter "C": apply the assumption that people behave as if they act rationally with an aim to maximize utility.

Explanation:

The theory of rational expectations is mainly used in macroeconomics, with the idea that decisions of individuals will affect the future course of the economy. According to this theory, people's behaviors are based on rationality, all the information that they have available, and past experiences.

Some of the rational expectations theory's premises are that people hold expectations that will be met, variables values (price, output, and employment) are taken into account, and individuals are always trying to maximize their profits.

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3 years ago