In mass service and professional service, the operations manager should focus extensively on equipment maintenance.
<h3>What is the work of operations manager?</h3>
Operations management is a branch of management that focuses on planning, organizing, and redesigning the production process for goods or services as well as business operations. It comprises the obligation to make sure that business operations are effective in satisfying consumer needs while utilizing the fewest resources possible.
It is concerned with overseeing a comprehensive service or production system, which is the method through which inputs are transformed into outputs. Operations create services, control quality, and produce goods. Working with suppliers, customers, and technology are all aspects of operation management that apply to industries such as financial systems, hospitals, and businesses. One of the key roles in a corporation, along with supply chains, marketing, finance, and human resources, is operations.
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<u>Solution and Explanation:</u>
As the utility function is concave in shape, so person is risk averse. Thus, he will not accept the gamvle.
The difference between utility at point A&C = 70 minus 65 = $5, is less than a the difference between A&B = 65 minus 55 = $10
<u>MCQ:
</u>
Answer is option a&d - risk averse people fear a lot for losing money, thus they overestimate the probability of loss
Since, shape of utility function is concave, hence the double derivative of utility with respect to wealth is negative, so utility falls at an decreasing rate , as wealth increases
Answer:
He will claim the standard deduction
Explanation:
Answer:
Answer ; Pension Expenses : $7.5million
Explanation:
Calculation of amount that Harvey Hotels report as pension expense in its income statement for the year -
Particulars Explanation Amount
Service cost Given in the question $6.2 million
Add: Interest cost Given in the question $1.4 million
Less: Expected return on plan assets Given in the question $1.2 million
Add: Amortization of prior service cost Given in the question $1.1 million
Pension Expense ($6.2+$1.4-$1.2+$1.1)million $7.5 million
Hence, option - (B) is Correct.
