What is Operation Management? Explain objectives of Operation Management.

Business

1 answer:

Dima020 [189]3 years ago

4 0

Answer:

The goal of operations management is to maximize efficiency while producing goods and services that effectively fulfill customer needs. ... Operations decisions include decisions that are strategic in nature, meaning that they have long-term consequences and often involve a great deal of expense and resource commitments.

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Possible misstatements that may occur during the cash receipts process result from cash receipts being received, but not recorde

marusya05 [52]

Answer:

There should be strong internal controls implemented and segregation of duties in the finance department.

Explanation:

There is lack of internal controls present in the company which may lead to fraud or errors. The employees assigned to record the transaction are not recording all the cash receipts and are missing some of the cash receipts which can cause errors during reconciliation. The sub divisions of finance department must be segregated and there should be a supervisor who should be responsible to review all the work done by these departments.

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Learn more about business here: brainly.com/question/24448358

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2 years ago

Inflation, nominal interest rates, and real rates. From 1991 to 2000, the U.S. economy had an annual inflation rate of around

Sav [38]

Answer:

the question is incomplete:

nominal interest rate = 5.07%

real interest rate = ?

inflation rate = 3.45%

approximate real interest rate = 5.07% - 3.45% = 1.62%

real interest rate = [(1 + 5.07%) / (1 + 3.45%)] - 1

real interest rate = (1.0507/1.0345) - 1 = 1.57%

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Nikolay [14]

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It is pretty straightforward, when you think about it. What you want to achieve is your goal, and given that you are the user here, what you want to achieve is user goal. </span>

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4 years ago