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Leya [2.2K]
3 years ago
14

Which of the following best describes operations management? (1 point)

Business
2 answers:
ArbitrLikvidat [17]3 years ago
5 0

Answer

Operations management is the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

Explanation

Operations management is majorly concerned with planning, organization and supervision in the area of production, manufacturing or provision of services. It ensures that the inputs into the organization are efficiently used to produce successful output. The inputs represent material, equipment, technology and human resources. Operations management has firm foundation in supply chain management and logistics.



Alexandra [31]3 years ago
3 0

The systematic control and direction...

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5 0
3 years ago
The theory of ____________ states that a nation should produce and sell goods to other countries that it produces most efficient
nikitadnepr [17]

comparative advantage theory is the answer

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3 years ago
Mel is thinking of going on a cruise. Mel values a cruise in nice weather at $2,000 and values a cruise in bad weather at $50. T
Vinvika [58]

Answer:

Mel

If Mel is risk-neutral, then in the absence of trip insurance, the most she will be willing to pay for the cruise is _______.

c. $1,220

Explanation:

a) Data and Calculations:

Mel's value of a cruise in nice weather = $2,000

Mel's value of a cruise in bad weather = $50

Probability of nice weather = 60%

Probability of bad weather = 40%

Expected value:

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Nice weather      $2,000          60%           $1,200

Bad weather            $50           40%               $20

Total expected value of a cruise               $1,220

6 0
3 years ago
Which of the following is NOT considered to be one of the main revenue centers at most financial institutions?
Aleks [24]

Answer:

money and credit markets,investments,financial management

Explanation:

Finance consists of three interrelated areas: (1) money and credit markets, which deals with the securities markets and financial institutions; (2) investments, which focuses on the decisions made by both individuals and institutional investors; and (3) financial management, which involves decisions made within the ...

7 0
2 years ago
Suppose that DiamlerChrysler is considering changing its production operations from an assembly line in which each employee adds
denis-greek [22]

Answer:

Sequential interdependence on the line to pooled interdependence between the teams

Explanation:

Sequential interdependence occurs when a persons output is necessary for the performance of the next persons input. Perhaps the most obvious example of sequential interdependence is an assembly line.

While pooled interdependence he team accomplishes its tasks simply by bringing together everyone’s separate efforts. Like in DamierChrystern when the team work together to build the total car with the team deciding whi does what task. To be a team you need a team task — it requires that members actively work with each other to accomplish it

4 0
3 years ago
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