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3 years ago

Experts in operations management for service industry type businesses stress:

1 answer:

5 0

The correct answer would be : training employees on quality management
Operational managers are responsible in handling all company's resource to achieve its goal. In a service industry ( like public accounting, maid cleaning services, financial adviser, etc) quality topped any other aspect of the products. That's why experts in operation management will focus on the increasing employees' quality

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A company had total liabilities of $275,000 and the owner’s equity was $1,722,000. According to the fundamental accounting equat

miskamm [114]

Answer:

1,997,000

Explanation:

Assets = Liabilities + Owners Equity

Assets=275,0000 + 1,722,000

Assets = 1,997,000

8 0

3 years ago

Association Rule Analysis is the statistical technique typically used to conduct market basket analysis.

geniusboy [140]

Answer:

The correct answer is B) it eliminates all the unpopular items for the analysis to save time (and computing power).

Explanation:

Taking into account that the analysis of the association rule takes into account a group of products that are sold for being complementary or that are sold from the purchase of others without being complementary, in a retail business it will be relevant to consider the popularity of products to determine behavior or pattern. In this sense, the "a priori" algorithm determines a previous situation that is not taken into account to study similar behaviors between products.

5 0

3 years ago

A boss tells her employee, "If you don't get me those figures in the next five minutes, you're fired!" This is an example of whi

kiruha [24]

Answer:

Coercive power

Explanation:

This boss is exercising coercive power. Such a power stems from a place of authority. The boss is hereby using force to ensure that this employee follows orders. In a situation whereby the employee fails to do what is expected of him, such a boss has the power to punish this boss for not complying with set instructions. This type of power can be used to make sure that Employees remain disciplined in an organization.

4 0

3 years ago

If Management was not concerned with the time value of money, from which two capital budgeting methods should they choose?

Neporo4naja [7]

Answer:

ARR or Payback

Explanation:

Here are the options to this question

Multiple Choice

BET or IRR

ARR or Payback

NPV or IRR

NPV or Payback

BET or NPV

Accounting rate of return = Average net income / Average book value

Average book value = (cost of equipment - salvage value) / 2

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Payback period = Amount invested / cash flow

The NPV and IRR considers the time value of money by discounting the cash flow at discount rate.

Net present value is the present value of after tax cash flows from an investment less the amount invested.

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

7 0

3 years ago

Barney decides to quit his job as a corporate accountant (which pays $10,000 a month) and go into business for himself as a cert

Orlov [11]

Answer:

Accounting Profit = $11,875

Economic Profit = $1,575

Explanation:

income from job = $10,000 /month

Rent which could have been earned = $300 /month

Office supplies = $75 /month

Increase in electricity bills = $50 /month

Income from home = $12,000 /month

(a) Accounting profit = Income - Costs

= $12,000 - ($75 + $50)

= $11,875

(b) Economic profit = Accounting profit - Opportunity cost

= $11,875 - ($10,000 + $300)

= $1,575

5 0

3 years ago