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3 years ago

Which of the following would not be an operations maangement function in a fast food restaurant?

Business

1 answer:

iVinArrow [24]3 years ago

4 0

Answer:

b. advertising and promotion

Explanation:

All process required to produce the product are part of operation and this includes making, designing the layout of the facility, purchasing ingredients an maintaining equipment.

The marketing and promotions lies with the Sales and Distribution Function or Marketing Function of the fast food restaurant.

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Which of the following is a challenge faced by developing nations? A. Growing population B. Declining population C. Lack of effo

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A growing population

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Ball Bearings, Inc., faces costs of production as follows:

Travka [436]

Answer:

Q Fixed Variable Total Marginal Aver. Aver. Aver.

Costs Costs Cost Cost FC VC TC

0 100 0 100 - - - -

1 100 50 150 150 100 50 150

2 100 70 170 20 50 35 85

3 100 90 190 20 33.33 30 63.33

4 100 140 240 50 25 35 60

5 100 200 300 60 20 40 60

6 100 360 460 160 16.67 60 76.67

The firm's profit in this case is -$360.

True or False: This was a wise decision. ⇒ False

Depends on the situation and which costs are avoidable if the company shuts down operations. If it produces 4 cases, the losses reduce from -$100 to -$40, but the contribution margin is positive since revenues exceed variable costs by $60. But under the current price level, the company will not be able to generate profits unless it increases its sales price or decreases its fixed costs.

Vaguely remembering his introductory economics course, the company's chief financial officer tells the CEO it is better to produce 1 case of ball bearings, because marginal revenue equals marginal cost at that quantity.

At this level of production, the firm's profit is -$100.

True or False: This is the best decision the firm can make. ⇒ False

Accounting profit is maximized at 4 cases since marginal cost ($50) = sales price ($50). At this point the total profit is -$40.

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3 years ago

Determine whether the study depicts an observational study or a designed experiment. A researcher obtained a random sample of 10

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Answer:

A. Observational study

Explanation:

An observational study measures the characteristics of a population by studying individuals in a sample, but does not attempt to manipulate or influence the variables of interest.

A designed experiment applies a treatment to individuals (referred to as experimental units or subjects) and attempts to isolate the effects of the treatment on a response variable.

Hence, we can see that proposed study is observational.

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3 years ago

The Waverly Company has budgeted sales for the year as follows:

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Answer:

Production= 15,000 units

Explanation:

Giving the following information:

Sales:

Q2=14,000

Q3=18,000

The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units.

To calculate the production for the second quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 14,000 + (18,000*0.25) - (14,000*0.25)

Production= 15,000 units

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3 years ago

You decide to join the economics club, but this means you can't join the accounting club because it meets at the same time. Whic

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The concept her is "the real cost of something is what you must give up to get it"

Explanation:

As we come across trade-offs it is a necessary to make decisions on the next best alternatives which is the principle of opportunity cost.

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$\text{Opportunity Cost = Total Revenue - Economic profit}$

Or,

$\text{Opportunity cost }= \frac{\text{What one sacrifice}}{\text{What one gain}}$

In economical terms, choices are measured in terms of opportunity costs.

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