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Sav [38]
3 years ago
14

Imagine you are a member of the Academy of Management (ACM) and on the steering committee to choose a location for the organizat

ion's annual meeting. When making the recommendation, you will explain which management theory was used to make that choice. If your recommendation is based on analyzing a variety of circumstances because no single management theory applies to all situations, you are applying which approach to management? Contingency management Information management Systems management Operations management Another person noticed the steering committee lacked anyone with a marketing background. He suggested adding an AOM member with marketing experience, possibly creating a committee that is more productive than one in which each member works alone. In other words, the marketing expert may create: Synergy A subsystem A closed system An open system
Business
1 answer:
Lelechka [254]3 years ago
7 0

Answer:

I will make of use operations management and the addition of marketing expert to the team will create synergy.

Explanation:

Operations management involves adopting best business practices so as to achieve highest level of efficiency.It emphasizes analyzing different options available in a business where each option based on its peculiarities is accorded a rating and the option with the highest is chosen.

Specifically,operations management can be applied to choosing a location for the annual by following the steps below

All possible locations are identified

Each location is rated based on its pros and cons

The rating is computed using weighted average method

The location with highest rating is chosen for the meeting

On the other hand,strategy is achieving more by combining resources much more than it would been possible to achieve individually.The new marketing expert will be able to provide general marketing guidance to the existing members while they complement the expert with business-specific information.

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When the economy is in short-run equilibrium, Group of answer choices there are increases in inventory. people want to buy more
deff fn [24]

Answer:

total expenditures equal total production.

Explanation:

In the case when the economy is in the short-run equilibrium that means the total expenditures should be equivalent to the total production. In other words, we can say that the expenditure that can be incurred should be equal to the production

Hence, the last option is correct

7 0
3 years ago
Jeff Co. sells its giant cheese wheels for $36 per wheel. The contribution margin ratio is 75% and total fixed costs are $270,00
Damm [24]

Answer:

Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75

= $432,000

Number of units to be sold

= Level of sales/Selling price

= $432,000/$36

= 12,000 units

The correct answer is A

Explanation:

In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.

7 0
3 years ago
Round 1/3 of who can answer the fastest (part 2)
faust18 [17]

Answer:

1st

Explanation:

3 0
3 years ago
Rayburn owns all the shares of Newcastle Corporation, which operates as an S corporation. Rayburn's basis in the stock is $15,00
maksim [4K]

Answer:

$7,000 $-0-

Explanation:

For Rayburn to know what to record from the cash distribution, he will need to subtract his basis in the stock from the cash distribution he receives

Therefore $22 000 - $15 000 = $7 000.

And Newcastle has no income =$-0-

7 0
3 years ago
Suppose the incomes of buyers in a market for a particular normal good decrease and there is also a reduction in input prices. W
kirill [66]

Answer:

an indeterminate effect on equilibrium quantity and a fall in equilibrium price.

Explanation:

A normal good is a good whose demand increases when income increases and falls when income falls.

If income falls and the good is a normal good, demand would fall. This would lead to a fall in price and quantity.

If cost of input falls, the cost of production would fall and supply would increase. This would lead to an increase in quantity and a fall in price.

The combined effect would an indeterminate effect on equilibrium quantity and a fall in equilibrium price.

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
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