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dexar [7]
3 years ago
14

Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op

erations within your organization or an organization with which you are familiar. For example, talk with the operations manager in your organization and find out what he/she says, what he/she does, and how he/she works with the organization including the marketing, financial, personnel, and purchasing functions.
Business
1 answer:
Mars2501 [29]3 years ago
4 0

Answer:

Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.

Explanation:

Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>

An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>

He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.

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Mr. Smith has an income of $40,000 this year and $60,000 next year. He can invest in a project that costs $30,000 this year, whi
____ [38]

Answer:

"$52,000" is the correct answer.

Explanation:

Given:

This year income,

= $40,000

Next year income,

= $60,000

Market interest rate,

= 10%

or,

= 0.1

Now,

The next year consumption will be:

= [40,000 - 30,000 - 50,000]\times 1.1 + (60,000 + 36,000)

= -40,000\times 1.1+96000

= -44000+96000

= 52000 ($)

8 0
3 years ago
Item 5Item 5 Jackson owns a condominium in Las Vegas, Nevada, and he rents it to Joanne for $1,500 per month, payable on the 1st
zloy xaker [14]

Answer:

$ 1,500

Explanation:

Expenses paid by tenants on behalf of the landlords ( taxpayer), are considered as part of the rental income. Many tenants will normally deduct the expense from their monthly rent.   Landlords should declare the full amount of rent as the rental income.

The income that Jackson should report will be.

Repairs paid by Joane = $ 1,350

Rent balance paid by Joane = $150

Jackson should report =$ 1350+ $ 150

                                      =$ 1,500

7 0
3 years ago
All of the following are ways an organization that incorporates enterprise-wide risk management (ERM) with its strategic plannin
sergeinik [125]

All of the following are ways an organization that incorporates enterprise-wide risk management (ERM) with its strategic planning process improves its decision-making, EXCEPT It can eliminate risks to its business model.

A business model describes how an organization creates, delivers, or acquires value in an economic, social, cultural, or other context. The process of building and modifying business models, also called business model innovation, is part of business strategy.

The term business model describes a company's profit plan. Identify the products or services that the company plans to sell, the identified target markets, and the expected costs. Business models are important for both new and established companies.

In its simplest form, a business model provides information about an organization's target markets, the needs of those markets, and the role a company's products or services play in meeting those needs. Business model innovation describes the process by which an organization adapts its business model.

Learn more about business model  brainly.com/question/27093440

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8 0
1 year ago
What factors are used in the rule-of-thumb methods to determine the communication budget?.
xz_007 [3.2K]

Prior sales and communication activities

To determine the current communication budget, rule-of-thumb methods use prior sales and communication activities. These methods are simple to implement, but they do have some limitations.

<h3>What is rule-of-thumb?</h3>

A rule-of-thumb is a heuristic guideline that gives simplified counsel or a fundamental rule-set for a certain subject or course of action. It is a broad principle that provides specific directions for completing or performing a task. Generally, rules of thumb emerge from practice and experience rather than scientific study or a theoretical underpinning.

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4 0
2 years ago
Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest in a portfolio with an expected retur
Kazeer [188]

Answer: 28%

Explanation:

First, we have to make an assumption that the initial wealth is 100, then the weight of the risk free asset will be:

= Amount invested in risk free / Initial wealth

= -100/100

= -1

The weight of the portfolio will be calculated as:

= 1 - weight of risk free asset

= 1-(-1)

= 1 + 1

= 2

Therefore, the expected return on the resulting portfolio will be:

= 2 × 16 + [(-1) × 4]

= 32 - 4

= 28

5 0
3 years ago
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