Answer:
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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.
Answer:
e) 11.3%
Explanation:
Profit margin: Profit margin on sales can be defined as the proportion of earning or income or profit made by the company for each dollar of sales. It is always expressed in percentage (%).Assets: It can be defined as the resources owned by the organization which is capable of providing some future benefits. On the basis of duration of time assets are of two types which are Current Assets and Non-current Assets. Sales: Sale of any goods or services can be made on a cash or credit basis. The amount receivable on sale can either be received immediately in cash or such a payment can be received at some future date. Operating income: It refers to the income from business operations. It is calculated by deducting the fixed cost from contribution margin.
When there is an increase in education and training of the workforce then it leads to a rise in production function in aggregate.
Option B is the correct answer.
<h3>What is the workforce?</h3>
The workforce is referred to the individuals who are being employed in an occupation. It is also known as the labor force or workers or employees.
When the workforce is educated and provided training in the respective areas of their interest fields, then it develops their personality and makes them skilled workers. This results in increasing the production in aggregate for the company in which they are working.
Therefore, the production function aggregately rises due to the increase in the education and training of the workers.
Learn more about the production function in the related link:
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Answer:
$92,400
Explanation:
Balance of the credit column on Chaco’s trial balance.
The Total credit column balance will be:
Accounts payable $25,200
Common Stock $21,200
Notes payable $46,000
We are going to add them up
Hence:
Total credit balance =
$25,200 + $21,200 + $46,000
Total credit balance = $92,400