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sineoko [7]
3 years ago
14

With relevant example of your choice, explain the important framework for managing operations used by production firm

Business
1 answer:
Wewaii [24]3 years ago
7 0

Answer:

An operational framework can referred to as the guide for the policies, standards, objectives, training, processes of any organization.

The means in which the business is carried out is determined by the operational framework and it promoted the culture and identity. this may also involve good governance principles and develop the values and departments within the organization. several elements are contained in a different framework.

An example is that manufacturing framework will include the choice of layouts from the different type of layout. Batch processing continuous production, and so on can be decided. the department can think of implementing the Kaizen, Six Sigma methods for the quality improvement.

Explanation:

Solution

An operational framework refers to the guide for the policies, standards, objectives, training, processes of any organization.

The way in which the business is executed is decided by the operational framework and it promoted the culture and identity. this may also integrate good governance principles and develop the values and departments within the organization. several elements are included in a different framework.

Production framework :The manufacturing organizations can adjust to the different kinds of procedures, policies, and activities in the manufacturing department.

This will involve the process of selecting the actual layout, processes to produce the products, quality management methods, and further more. This is necessary as it will have a long-lasting impact on the general future and profitability of the organization.

An example is for this is that the manufacturing framework will involve the selection of layouts from the different kind of layout. Batch processing continuous production, and so on can be decided.

The department can think of implementing the Kaizen, Six Sigma methods for the quality improvement.

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The form of billboard advertising regularly seen alongside highways and in other heavily traveled locales is _____.
avanturin [10]

Poster Panels is the correct answer.

An outdoor structure having a standardized size surface on which advertising posters may be posted.

"Poster panel" or ”billboard” means a sign, generally known as outdoor advertising, mounted on a permanent or semi-permanent structure and depicting information not directly related to the property upon which it is placed. Except where a specific distinction is drawn, the term “billboard” includes “poster panel".

Poster panel means a single or double faced non-accessory sign which is used for the display of a message produced on sheet paper and applied to the sign face or painted directly onto the sign face.

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6 0
2 years ago
A review of the accounting records of Perez Manufacturing indicated that the company incurred the following payroll costs during
pochemuha

Answer:

a. $363,000

b. $827,200

Explanation:

The calculations are given below:

a. Payroll cost is

=  Salary of the company president + Salary of the chief financial officer + Salary of the vice president of marketing +  Salaries of administrative secretaries + Commissions paid to sales staff

= $75,000 + $42,000 + $40,000 + $60,000 + $146,000

= $363,000

And, for computing payroll cost included in the cost of goods sold first we have to find out the total cost i.e given below:

= Salary of the vice president of manufacturing + Salaries of middle managers (department heads, production supervisors) in manufacturing plant + Wages of production workers + Salaries of engineers and other personnel responsible for maintaining production equipment

= $50,000 + $147,000 + $703,500 + $133,500

= $1,034,000

Now the cost of goods sold would be

= Total cost × sales units ÷ number of units produced

= $1,034,000 × 4,000 units ÷ 5,000 units

= $827,200

6 0
3 years ago
. Why can't Japan make everything better than anyone else in the world? they
mr_godi [17]

Answer:

because its not USA

Explanation:

3 0
4 years ago
Read 2 more answers
What is the difference between real and nominal gross domestic product (GDP)? Nominal GDP is measured in dollars, whereas real G
Ivanshal [37]

Answer:

Nominal GDP for a given year is measured in dollars of that year, whereas real GDP is measured in dollars of some base year.

Explanation:

6 0
3 years ago
A preferred stock sells for $54.20 a share and has a market return of 9.68 percent. What is the dividend amount
kolbaska11 [484]

Answer:

$5.25

Explanation:

A preferred stock is sold at $54.20

The market return is 9.68%

Therefore the dividend amount can be calculated as follows

= 54.20 × 9.68/100

= 54.20 × 0.0968

= $5.25

Hence the dividend amount is $5.25

6 0
3 years ago
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