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Citrus2011 [14]
3 years ago
14

Which of the following is TRUE regarding the significant events in operations​ management? A. The concept of linear programming

first appeared in the Lead Production Era. B. Charles Sorensen was instrumental in the development of the moving assembly line. C. The Mass Customization Era focused on quality. D. The Globalization Era will start approximately in 2025. E. Eli Whitney initiated the revolution of Industry 4.0
Business
1 answer:
andrey2020 [161]3 years ago
7 0

Answer: B. Charles Sorensen was instrumental in the development of the moving assembly line.

Explanation:

Charles Sorensen was Ford's Production Chief for over 40 years and while popular history barely mentions him, he is credited with having given an immense contribution to the development of the Moving Assembly Line.

It was this brilliant man that came up with the idea that the car should move through different work stations with one employee focusing on one thing to do in the car. This way the car's production moved faster. He also contributed heavily to the development of the Automated process at Ford's three main production plants and is said to have kept trying to invent even better methods till he met his end.

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Reflect on a time when you recently traded or bought an item. Describe this exchange, using the following economic terms: volunt
stellarik [79]

A purchase or an exchange can be understood as economic processes that use monetary or non-monetary funds, and that occur to satisfy certain needs of individuals and organizations.

<h3 /><h3>Buyer Decision Process</h3>

It occurs from a decision on the need to carry out an economic transaction of a good or service that lasts before and after the moment of purchase. There are five steps in the consumer decision process, which help in the purchase action, which are:

  1. Problem Recognition
  2. Information Search
  3. Evaluation of Alternatives
  4. Purchase Decision
  5. Post Purchase Behavior

Therefore, there are also other exchange processes, such as coincidence of wants, barter and voluntary exchange, which are processes that take place to benefit both parties in an economic exchange without the use of money.

Find out more information about Buyer Decision Process here:

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2 years ago
How would you define a business plan?
vekshin1
A business map is an essential roadmap for business success.
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3 years ago
Monsters Incorporated (MI) in ready to launch a new product. Depending upon the success of this product, MI will have a value of
jek_recluse [69]
A and then d i’m pretty sure
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3 years ago
As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f
Artemon [7]

Answer: Sharing information across the organisation

   

Explanation: In the given case, Mary grey is the owner of a retail store hence it is her duty to know all the goods that are offered by her store. However she did not knew the special goods when the customers asked for it.

This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.

7 0
3 years ago
Following are the accounts and balances from the adjusted trial balance of Stark Company. Notes payable $ 11,000 Accumulated dep
DENIUS [597]

Answer:

                    STARK COMPANY

                  INCOME STATEMENT

      FOR THE YEAR ENDED DECEMBER 31

PARTICULARS                          AMOUNT$

Service Revenue                           20,000

<u>Less-Expenses</u>

Supplies expense           200

Interest expense             500

Insurance expense         1800

Utilities expense             1300

Depreciation expense    2000

Wages expense              7500

Total expenses                              <u>13,300</u>

Net profit                                       <u>$6,700</u>

                              STARK COMPANY

                  STATEMENT OF RETAINED EARNINGS

FOR THE YEAR ENDED DECEMBER 31                       Amount$

Retained earnings December 31 prior year end            14,800

Add- Net income                                                               6,700

Less- Dividends                                                                 3,000

Retained earnings, December 31 Current year end   $18,500

8 0
3 years ago
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