Answer:
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Explanation:
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Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. - True.
Operations management (OM) is the administration of enterprise practices to create the very best level of efficiency viable inside an business enterprise. it's far concerned with converting materials and exertions into items and offerings as effectively as viable to maximize the income of an business enterprise.
What are the three kinds of operations management?
Operations management consists of three ranges: strategic, tactical, and operational
What are the key factors of Operations management?
The important thing elements of Operations management are; Product choice and layout: The proper sort of products and accurate designs of the goods are crucial for the achievement of an agency. A wrong choice of the product and/or negative design of the products can render the employer's operation useless and non-competitive.
What do you examine in operations management?
Blanketed in operations management is the whole thing involved in turning raw materials into deliverable service or product. this may include designing manufacturing structures, employee schooling, centers planning, deliver chain control, stock control, product layout, best control and much more.
Learn more about Operations management here:- brainly.com/question/1382997
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Answer:
a. $4,830
b. $2,310
Explanation:
The computation is shown below:
a. The cost of goods sold as on Oct 24 is
Units sold from Oct 1 Inventory is 40 (200 units - 160 units)
And, From Oct. 15 Purchase is 110 (150 units - 40 units)
Now
Cost of goods sold on October 24 is $4,830 (40 × 30) + (110 × 33)
b. The inventory as on Oct 31 is
= (180 - 110) × $33
= $2,310
The more you know about financial planning, the better you’ll be able to —adapt to unexpected circumstances.