1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
baherus [9]
2 years ago
8

Operations management is the set of activities that creates value in the form of goods and services by transforming.

Business
1 answer:
Tom [10]2 years ago
7 0

It is true that operations management is a set of activities that creates value in the form of goods and services by transforming.

Operations management (OM) is the administration of business practices within an organization to achieve the highest level of efficiency possible. It is concerned with converting materials and labor as efficiently as possible into goods and services in order to maximize an organization's profit. Operations management teams strive to achieve the highest net operating profit possible by balancing costs and revenue.

Inventory management throughout the supply chain is a critical function of operations management. To be an effective operations management professional, one must understand the processes that are critical to what a company does and be able to get them to flow and work together seamlessly. The coordination required to set up business processes efficiently necessitates a solid understanding of logistics.

Learn more about operations management here:

brainly.com/question/15111367

#SPJ4

You might be interested in
Structural unemployment is caused bya. short-term changes in the economy.b. temporary layoffs in industries such as construction
Gre4nikov [31]

Answer:

Consider the following explanation

Explanation:

1. Option C.

Structural unemployment is a type of unemployment which occurs naturally when the economy shifts in time.

This forces certain job skills to become obsolete, due to which mismatch of skills and the jobs available in the economy.

Many workers are also laid off as their jobs no longer match their current skills.

2. Option D.

A laffer curve is a curve which shows a relationship between the taxes imposed within an economy and the tax revenues collected from the imposed taxes.

Above the optimal tax rate, a reduction in tax rates along the downward sloping portion of the laffer curve would increase the tax revenue's.

7 0
3 years ago
What type of financial institution is the primary source of loans for businesses?
adoni [48]

Answer:

The answer to your question is a bank

5 0
3 years ago
Assume your employer offers a bonus of $7200. The only catch is that you must wait 6 years to take possession of the money. If y
a_sh-v [17]

Answer:

The minimum would be the present value of the bonus, which is 5,075.72 dollars

Explanation:

we have to discount the 7,200 dollar bonus at 6% discount rate for 6 years to get the present value of the bonus:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  7,200

time  6 years

rate  6% = 6/100 = 0.06

\frac{7200}{(1 + 0.06)^{6} } = PV  

PV   $ 5,075.7159

5 0
3 years ago
Set any Two interview questions that are relevant to the above-mentioned vacancy and outline your roles as the interviewer durin
Nastasia [14]

Answer:

Role of interviewer during interview, Two interview questions relevant to any vacancies -

Explanation:

Two important questions

  • Introduce yourself : This helps analysing the core personality traits of the candidate, which highlights his suitability or non suitability for the job
  • Why do you want to perform this job : This will help in analysing the depth of dedication the candidate has for the work profile, which would hence depict is expected level of hard work & sincerity.

Role of Interviewer :

  • Analysing the candidate's personal & professional traits, which are of significance to the job performance
  • Explaining the candidate about their organisation, its rules & norms, his expected work profile authority & responsibility etc
5 0
3 years ago
research the telemedicine industry and describe two companies offering services . what are the pros and cons of offering medical
Anastasy [175]

Answer:

Telemedicine is a tool that is used for medical information change from one area to another area through electronic communications fro the improvement of clinical health status of the patient.

The Two companies that offers Telemedicine are CC and CADo

CC it involves practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

CADo refers to a service that assist in connecting patient with related doctors via phone and online. this company is specialized to offer basic medical services which does not require visits in person.

The pros of Telemedicine are that,(1) it helps patient to save health care costs (2) It increases patient engagement.

The cons are (1) It requires equipment and technical training. (2)It reduces in persons interactions with the related doctors.

Yes there are some governmental or industrial rules for Telemedicine industry. it helps this industry to broaden their traditional practice of medicine towards outside the wall of a typical medical practice.

Explanation:

Solution

Telemedicine is a technique that is used for medical information interchange from one area to another area through electronic communications for the improvement of clinical health status of the patient.

Telemedicine has a variety of growing applications and services that uses email, two way videos, wireless tools, smart phones and other types of telecommunication technology.

Two companies that offers Telemedicine is given below:

(1) CC: CC was established in the year 2010. it works with practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

(2) CADo : It is a service that helps to connect patient  with doctors though phone and online. this company is specialized to offer basic medical services which does not require visits in person

Pros and Cons of Telemedicine is as follows:

Pros:

  • It is more accessible and convenient health care for the patients
  • It helps patient to save health care costs
  • It increases patient engagement
  • It provide better quality of patient care

Cons:

  • It requires equipment and technical training
  • It reduces in persons interactions with the related doctors
  • In this service come Telemedicine models reduce care continuity

Yes there are some governmental or industrial guidance for Telemedicine industry. it helps this industry to extend their traditional practice of medicine towards outside the wall of a typical medical practice.

4 0
4 years ago
Other questions:
  • As Arlette walks through a shopping mall, she happens to pass an older woman who is sitting on a bench, clutching her arm and mo
    10·1 answer
  • Strait Co. manufactures office furniture. During the most productive month of the year, 3,000 desks were manufactured at a total
    13·1 answer
  • The ABC Company is having a meeting about a possible merger with the XYZ Company. The ABC Company sent one executive to handle t
    9·1 answer
  • In developed economies such as the United States, the _______ sector dominates the economy. Examples include legal firms,_______
    10·2 answers
  • Suppose the marginal propensity to consume is equal to 0.75. If the government lowers tax rates and tax revenue falls by $100 mi
    5·1 answer
  • Bass new product forecasting model is used for estimating long term sales potential of a product True False
    10·1 answer
  • The question of when revenue should be recognized on the income statement (according to GAAP) is addressed by the:Select one:a.
    10·1 answer
  • A pharmaceutical company was the first company to introduce a revolutionary treatment for rheumatoid arthritis. Sales and demand
    11·1 answer
  • Colleen Matthews had just turned 22 when her hard work finally started to pay off. Six months earlier Colleen graduated from a s
    9·1 answer
  • On which tax form do llcs with more than one owner generally report their income and losses?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!