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fiasKO [112]
3 years ago
6

Aaron is a freshman in college who has not yet decided on his major. He is thinking about majoring in operations management and

is exploring job opportunities in this field. Which of the following statements about jobs for operations management majors is most accurate? If he majors in operations management, Aaron will:
a. have limited job opportunities because operations management positions are only available in the slowly growing manufacturing sector.
b. acquire skills and knowledge that are valuable to firms in both the manufacturing and service sectors.
c. have plenty of job offers, but they will mainly be in low-wage positions in the service sector.
d. find plenty of employment opportunities in the government and education, but not very many in the private sector.
Business
1 answer:
malfutka [58]3 years ago
7 0

Answer:

The statements which are most accurate for operations management majors is:

b. acquire skills and knowledge that are valuable to firms in both the manufacturing and service sectors.

Explanation:

It has been mentioned here is that

their is a fisherman named Aaron who had not yet decided about his major. Exploring different job opportunities and majoring in operations management is his thinking of doing in the upcoming days.

So, the statement which is most accurate for the management operations in jobs will be:

b. acquire skills and knowledge that are valuable to firms in both the manufacturing and service sectors.

Operation management: It is a term which is used by various organisations.

It has been used by different firms and all organisations to reach a level of efficiency by carrying out better administration and functions.

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Joan grows pumpkins. If Joan plants no seeds on her farm, she gets no harvest. If she plants 1 bag of seeds, she gets 500 pumpki
valkas [14]

Answer: Option (B) is correct.

Explanation:

Correct option: Decreasing marginal product.

Marginal product is the change in the level of output, when there will be an extra input employed in the production of a certain commodity.

So, Marginal Product = \frac{change\ in\ Q}{Change\ in\ I}

Where,

Q = Output

I = Input

Marginal product of 1st bag = 500

Marginal product of 2nd bag =  \frac{800-500}{2-1} = 300

Marginal product of 3rd bag =  \frac{900-800}{3-2} = 100

∴ From the above calculations, we can seen that as we employed one more bag of seeds as a result marginal product goes on diminishing.

Hence, Joan's production function exhibits decreasing marginal product.

3 0
3 years ago
Each of the following firms benefits from barriers to entry in its industry. Indicate whether each of the barriers is natural or
gavmur [86]

Answer:

Natural:

b.A diamond company that owns nearly all of the world's diamond mines.

d.A soda company that spends over $3 billion on advertising every year.

e.A waste-treatment plant that cost a lot to build even though it costs only two cents to treat each gallon of waste.

Government

a.A small-town bar that is the only establishment in the county licensed to serve liquor.

c. A pharmaceutical company receives a patent for a new cancer-fighting drug.

Explanation:

Government barriers are licenses or patents that prevent future firms from entering, natural is everything else.

4 0
3 years ago
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Monique Products, a web-based company, maintains no manufacturing facilities. As orders come in, the company contracts with othe
Sonbull [250]

Answer:

The correct answer is: a virtual corporation.

Explanation:

Virtual corporations are becoming more common with the massification of the internet and communications. They are generally companies that are dedicated to the commercialization of products and generate a massive movement in the network that allows them to be in the "voice to voice" of people. They do not have physical facilities, which saves them expenses such as leasing and public services, and the contracted staff is minimal. These companies are based on the strategy of fast and massive shipments through transport companies in order to satisfy the needs of their clients.

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3 years ago
On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc
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Answer:

option (D) loss, $3,000

Explanation:

Given:

price of the truck = $48,000

estimated residual value = $8,000

Exchange price of the truck = $60,000

Trade allowance = $35,000

Since, straight line depreciation is given, thus,

Total depreciation = \frac{\textup{48,000−8,000}}{\textup{8}}

or

Total depreciation = $5,000 per year

Therefore,

the book value after two years

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or

= $48,000 − ($5,000 × 2 years)

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or

The amount of loss =  $38,000 - $35,000 = $3,000

Hence, correct answer is option (D) loss, $3,000

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