Answer: D. OM plays an equally important role in both manufacturing and services
Explanation: Operations management is the activity carried out for production in terms of development and coordination, with the objective of achieving competitive advantages.
Therefore, it is indifferent if a company operates in a manufacturing or service company, because the functions of the operations manager will be the same and will have the same relevance.
Example: An operations manager of a clothing factory will have the same functions as a manager in an airline, what will differentiate the goals will be the activities of the company.
Answer:
The answer is significantly.
Explanation:
Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.
The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors
Answer:
C. $3,857
Explanation:
Calculation for How much bonus will Robin receive as a result of this transaction
First step is to calculate the bonus amount
Bonus amount=75,000-66,000
Bonus amount=9,000
Second Step is to calculate the Amount received by Robin
Amount received by Robin=9,000*3/(4+3)
Amount received by Robin=9,000*3/7
Amount received by Robin=$3,857
Therefore the amount of bonus that Robin
will receive as a result of this transaction will be $3,857
