All categories

3 years ago

Which of the following statements are reasons why operations management is important?

Business

1 answer:

mafiozo [28]3 years ago

7 0

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.

You might be interested in

Your older and wiser sibling has offered to loan you some much needed money to help cover textbook expenses this semester. Since

masya89 [10]

Answer:

80 years

Explanation:

Data provided in the question:

Simple interest rate charged = 1.25% = 0.0125

Now,

Let principal amount be '$x'

we know, Simple interest = Principal × Interest Rate × Time

Since the debt is doubled this means the interest is equal to the principal amount

Therefore,

$x = $x × 0.0125 × Time

1 = 0.0125 × Time

Time = 1 ÷ 0.0125

Time = 80 years

3 0

3 years ago

Doyle Company issued $360,000 of 10-year, 8 percent bonds on January 1, Year 2. The bonds were issued at face value. Interest is

Lina20 [59]

Answer:

The balance of the equation at end of year 2 is$388,800

The balance of the equation at end of year 3 is $417,600

Explanation:

Assets =Liabilities +shareholders' equity

Land +cash Bonds payable retained earnings

1/1/year 2 $360,000 =$360,000

1/1/year 2 $360,000 ($360,000)

31/12/year2 $53,500 = $53,500

31/12/year2 ($28,800) = ($28,800)

Balance $388,800 = $388,800

Opening balance $388,800= $388,800

31/12/year3 $53,500= $53,500

31/12/year3 ($28,800)= ($28,800)

Balance $ 417,600 $417,600

The interest on bond=$360,000*8%=$28,800

3 0

3 years ago

What is the connection with the company Unocal and the Country of Burma?

balu736 [363]

Answer:

Unocal was attracted to Burma for several reasons. First, labor was cheap and relatively educated. Second, Burma was rich in natural gas resources. Third, Burma was an entry point into other international markets, particularly in and around Southeast Asia. Finally the political environment was extremely stable.

Explanation:

5 0

3 years ago

Over time, members of the supply chain often formalize their relationship by entering into contracts that dictate various terms,

umka2103 [35]

Answer:

contractual vertical marketing system

Explanation:

In the supply chain management system there is this Contractual Vertical Marketing System under which there is this vertical relationship of marketing in between two positions of the supply chain.

Here also the Walmart is the one which shall supply goods at the last to consumers and that the company P&G shall supply goods to Walmart. This is the chain. Now this is a vertical chain, as from producer to seller to consumer.

And since it is a marketing chain with contractual clauses which include all the penalties also.

8 0

3 years ago

Read 2 more answers

A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. The present value of an annuity fa

Nat2105 [25]

Answer: $8,391.90

Explanation:

So the company borrowed $40,000 from a bank.

They are to pay 7% interest on the note per year for 6 years.

We are to find the annual payments.

7% represents a constant payment schedule per year so we can use an Annuity formula.

Seeing as the Annuity factor has been calculated for us already we don't need to formula though.

The present value of an annuity factor for 6 years at 7% is 4.7665.

Calculating the present value of the annual payment can be done as follows,

= Amount / PVIFA (Present Value Interest Factor for an Annuity)

= 40,000/4.7665

= 8391.90181475

= $8,391.90

The annual payments equal $8,391.90.

5 0

3 years ago