what is meant by operational management?

Answers

Answer 1
Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization

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An economy has two workers, Anne and Bill. Per day of work, Anne can pick 30 apples or 120 bananas, and Bill can pick 40 apples or 40 bananas. Anne and Bill each work 200 days per year. a. Anne's opportunity cost of picking one more apple is . Bill's opportunity cost of picking one more apple is . has a comparative advantage in apple picking. has an absolute advantage in apple picking.

Answers

Opportunity Cost is the opportunity or cost lost because another product or commodity is chosen.

Comparative advantage is when a person or entity gives up a lower opportunity cost for the same product or thing compared to the other person or entity.

Absolute advantage means when a person can produce or do more of a thing then the other person.

Anne's opportunity cost of picking an apple is 4 bananas.

Bill's Opportunity cost of picking an apple is 1 banana.

Bill has a comparative advantage of picking an apple.

Bill has an absolute advantage of picking an apple

Anne can pick 30 apples and 120 bananas.

It means if she picks an apple she will have to leave out 4 bananas.

Her opportunity cost of picking an apple is 4 bananas.

Similarly Bill has to give up 1 banana to pick another apple.

Bill's Opportunity cost of picking an apple is 1 banana.

Anne's opportunity cost of picking an apple is 4 bananas.

Bill has a comparative advantage of picking an apple because he will have to leave out only 1 banana as compared to Anne who has to leave out picking 4 bananas .

Anne's opportunity cost of picking a banana is 1/4 apples.

Bill's Opportunity cost of picking a banana is 1 apple.

Bill has an absolute advantage of picking an apple because he can pick more apples (40× 200= 8000) as compared to Anne who can pick less apples in the given number of days (30× 200= 6000)  if resources are fixed.

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What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations

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There are different things Sony and the U.S. government might do differently to discourage future attacks on other U.S. organizations. Some of the things to do include "carrying out situational awareness of the networks."

Other things they might need to do includes the following:

Training and educating their personnel.

Sony and U.S. government need to cooperate on cyber security.

Identify and share cyber information relating to threats and attacks among companies and international organizations.

There should be legislation to safeguard the stakeholders involved in protecting cyberspace from violating privacy and civil liberties when conducting their work.

Hence, in this case, it is concluded that there are various credible means Sony and the U.S. government might discourage future attacks.

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Price is: always expressed in the United States in dollars and cents based on the expected value you will receive from your purchase based on the actual perception you will receive from your product also called revenue accurately described by none of the above

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Considering the general market situation, Price is "always expressed in the United States in dollars and cents."

This can be proven by trying to make a purchase anywhere in the country.

The price of products is listed in dollars and cents. As such, the buyers would know the price of a product before making a purchase.

The other options are wrong because the price is not based on the expected value to receive and not on the actual perception.

Instead, Price is what the sellers feel is suitable for him, and it is expressed in dollars and cents.

Hence, in this case, the correct answer is option A. "always expressed in the United States in dollars and cents."

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Explain how using a credit card can be similar to
getting an interest free loan

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Answer: Credit cards can easily work as a short-term loan, but cards that offer 0% APR for a limited time have the potential to be “free.” The key to using a credit card as an interest-free loan is making sure you can pay every cent of your balance off before your card's introductory offer ends.

Explanation:

The short-run aggregate supply curve will decrease if:

Answers

Hi there!

The short-run aggregate supply curve can shift left (decrease) as a result of:

Increases in Input or Commodity Costs:

           - Ex 1: If nominal wages increase, businesses will have to pay workers greater amounts of money, meaning that employing workers is more expensive.

           - Ex 2: If the price of commodities go up (such as steel, oil, etc.), businesses will have to pay more to produce goods, decreasing supply.

Increase in government regulations:

            - Ex 1: If government regulations are increased for limiting fossil fuel usage, many industries will experience a decrease in productivity, shifting the supply curve left.

Increase in business taxes:

             - Ex 1: If the government increases taxes on businesses, businesses will have to divert money that could have been spent on materials, labor, etc. and pay government taxes. This results in a decrease in aggregate supply.

There are many other reasons for the SRAS curve to shift, but these are some of the main ones.

How does consumer law damage business?

Answers

Complying with the law will avoid legal problems and assure customers about the quality of the products sold by a business. ... It will also help to maintain a good reputation for the business.

What is one reason to connect to the same file several time?

Answers

Answer:

 You want to make sure you have all the data. You want to separate data from the file to create lookup tables.

One reason to connect to the same file several time is that you want to separate data from from the file to create lookup tables.

What are lookup tables?

"A lookup table is an array of data that maps input values to output values, thereby approximating a mathematical function. Given a set of input values, a lookup operation retrieves the corresponding output values from the table. If the lookup table does not explicitly define the input values, Simulink can estimate an output value using interpolation, extrapolation, or rounding, where: an interpolation is a process for estimating values that lie between known data points."

" An extrapolation is a process for estimating values that lie beyond the range of known data points. A rounding is a process for approximating a value by altering its digits according to a known rule. A lookup table block uses an array of data to map input values to output values, approximating a mathematical function. Given input values, Simulink performs a “lookup” operation to retrieve the corresponding output values from the table. If the lookup table does not define the input values, the block estimates the output values based on nearby table values."

What is data?

"Data are individual facts, statistics, or items of information, often numeric. In a more technical sense, data are a set of values of qualitative or quantitative variables about one or more persons or objects, while a datum is a single value of a single variable."

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What is important team leaders training

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Answer:

Team Leadership is a skills-based, practical training program that can be delivered face-to-face, virtually, or online. It's designed to give your team leaders the process, tools, and leadership skills they need to empower team members, improve productivity, and increase the success of your team initiatives.

A plan that forecasts future expenses and helps the company to effectively
meet those expenses is called a…………………….
Marketing plan
Business plan
budget
Financial plan

Answers

Answer:

budget

Explanation:

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According to the box, Online Grocery Shopping, what is Amazon's greatest challenge when it comes to competing against companies offering curbside pickup for online grocery orders at Walmart and Kroger?

A) figuring out the most efficient ways to get groceries to customers' homes
B) figuring out which local grocery stores to buy AmazonFresh products from
C) figuring out where to set up curbside pickups at Amazon distribution centers
D) figuring out where to build Amazon grocery stores around the U.S.

Answers

The greatest challenge that Amazon faces from Walmart and Kroger, which offer curbside pickup of online groceries, is C. figuring out where to set up curbside pickups at Amazon distribution centers.

With Amazon's giant online presence and performance, it can dominate the online grocery market. However, it has Walmart and Kroger to contend with because these have developed curbside pickups for online grocery orders.

The above statement implies that Amazon does not have a problem figuring out the best delivery means, the local grocery stores to buy products from, or the locations to build Amazon grocery stores.

Thus, the challenge that Amazon faces from Walmart and Kroger is Option C.

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List any 5 prohibited activities during foreign employment.

Answers

Answer:

Some of the things that those who work abroad cannot do are:

1) Vote for a political candidate from that country.

2) Receive benefits from a public health provider.

3) You cannot practice in some cases the profession in which you worked in your native country, until you can obtain the certificate of studies updated to the standards of the country in which you now live.

4) You cannot access, in some cases, bank credit benefits

5) Take some additional type of training until you obtain all the legal and updated permits from the company where you now work.

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Explanation:

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What is distinctive about double-entry accounting?

A.
It tracks both income and expenses in the same place.

B.
Each piece of information is recorded in at least 2 accounts.

C.
Two copies are made of each record for safety.

D.
Two users must verify the accuracy of each entry.

Answers

Answer:

the answer to your question is d

James took out a fixed-interest-rate loan when the CPI was 200. He expected the CPI to increase to 206 but it actually increased to 204. The real interest rate he paid is: ___________

a. higher than he had expected, and the real value of the loan is higher than he had expected.
b. higher than he had expected, and the real value of the loan is lower than he had expected.
c. lower then he had expected, and the real value of the loan is lower than he had expected.
d. lower than he had expected, and the real value of the loan is higher than he had expected.

Answers

The answer for this question is b

James took out a fixed-interest-rate loan when the CPI was 200. He expected the CPI to increase to 206 but it actually increased to 204. The real interest rate he paid is higher than he had expected, and the real value of the loan is lower than he had expected. Option (b) is correct.

What do you mean by Value?

Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.

The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.

The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.

Therefore, Option (b) is correct. Higher than he had expected, and the real value of the loan is lower than he had expected.

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in the table, which of the following is most likely to account for the large expected demand for registered nurses

A. the educational requirements to be a registered nurse are increasing more rapidly.

B. The American population is aging and older people need more health care than younger people.

C. The job demands little education.

D.Fewer young people are expected to go to college

Answers

The factor that is most likely to account for the large expected demand for registered nurses is the American population is aging and older people need more health care than younger people.

An increase in demand for registered nurses can result from an increase in the aging population. This group of population would require care for nurses. An increase in demand for registered nurses would lead to a rightward shift of the demand curve for nurses.

If the educational requirements needed to be a registered nurse increases and fewer people are expected to go to college, the supply of registered nurses would decline. If the job requires little education, the supply of registered nurses would increase.

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Answer:

B. The American population is aging and older people need more health care than younger people.

which one of the following statement is false in respect of public law ?
A public law determines of state authority
b constitutional is a brach of public law
c relationship between the state and members of public are always equal

Answers

Answer:

The correct answer is C!

Explanation:

Which items are on both the balance sheet and the statement of owner's equity?
Question 17 options:

Capital

Additional owner's investments

Net loss

Owner's withdrawals

Answers

Answer:

Additional Owners Investment

Explanation:

You can find some clues, the word "additional" and the word "owner's."

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A firm has a weighted average cost of capital of 11.68 percent and a cost of equity of 15.5 percent. The debt-equity ratio is 0.65. There are no taxes. What is the firm's cost of debt

Answers

The firms Cost of Debt is 9.62%.

Data and Calculations:

Weighted average cost of capital = 11.68%

Cost of equity = 15.5%

Debt-Equity Ratio = 0.65

Without taxes, the firm's Weighted Cost of Debt (WACC) = WACC - Weighted Cost of Equity

= 11.68% - (15.5% (1 - 0.65)

= 11.68% - 5.425%

= 6.255%

Unweighted cost of debt = 6.255%/0.65

= 9.62%

Thus, the firm's cost of debt is 9.62% while the weighted cost of debt is 6.255%.

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What are the three important elements to consider when defining demand and supply?​

Answers

Answer:

Price Fluctuations. Price fluctuations are a strong factor affecting supply and demand. ...

Income and Credit. Changes in income level and credit availability can affect supply and demand in a major way. ...

Availability of Alternatives or Competition. ...

Trends. ...

Commercial Advertising. ...

Seasons.

why it is so difficult to compare unemployment rates in the United States with unemployment rates in poorer countries?

Answers

Answer: unemployment rate depends solely on the size of labor force and every country has different labor force sizes.

Explanation: https://coursepivot.com/tutor-answers/which-of-the-following-helps-explain-why-it-is-so-difficult-to-compare-unemployment-rates-in-the-united-states-with-unemployment-rates-in-poorer-countriesselect-the-correct-answer-below/#:~:text=Cross-country%20comparisons%20of%20unemployment%20rates%20is%20difficult%20to,and%20every%20country%20has%20different%20labor%20force%20sizes.

As a company moves a customer through the purchasing process, the percentage of prospects changes. Which stage of the AIDA process has the smallest percentage of prospects associated with it

Answers

Considering the situation described above, the stage of the AIDA process that has the smallest percentage of prospects associated with it, "the action stage."

AIDA is a model that is used in marketing to evaluate the process in which consumers go through before making a purchase decision.

The AIDA model is an acronym for Attention, Interest, Desire, and Action.

Of all the different stages in the AIDA, the Action Stage is considered to have the smallest percentage of prospects.

This is because prospective consumers might go through the other stages without actually taking action, which is a purchase.

Hence, in this case, it is concluded that the correct answer is "The action stage."

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Answer:

the correct answer is "The action stage."

Explanation:


Explain how the Halloween holiday is related to economics.

Answers

Some argue that Halloween spending diverts resources that would be better spent on longer-term, more productive economic activity. While others argue that Halloween spending is inefficient at satisfying consumer wants, thus spurring more spending overall, causing the economy to grow. Example: the state of the economy affects the Halloween industry more than Halloween affects the state of the economy. In a down economy, for instance, consumers may be less likely to spend on frivolous goods such as costumes, candy, pumpkins, and home decorations. Or Conversely, booming economic times might serve as a boon to Halloween expenditures. Regardless of which way the relationship goes, many economists believe the increase in spending has a positive effect on the economy.

What is known as assets? ​

Answers

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.

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Suppose some banks decide to increase their holdings of excess reserves relative to deposits. Ceteris paribus, this action will put _______ pressure on the money supply, and to reduce the impact of this action the Fed could _______.

Answers

The action of the bank will put decreased pressure on the money supply, and to reduce the impact of this action, the Fed could decrease the discount rate.

Basically, a decrease in discount rate will make it easy and cheaper for commercial banks to borrow money from Federal Reserve System and thus, results to increase in available credit and lending in the economy

Therefore, if the commercial banks decide to increase their holdings of excess reserves supposed to be remitted to Feds, then, this will put decreased pressure on the money supply, and the Fed would act by decreasing the discount rate.

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16660 kronas how much is this in us dollars

Answers

Answer: 1,900.05 United States Dollar

Explanation:

The general message of the full disclosure principle is that: a. information is symmetric. b. information is costly to fake. c. producers should offer lifetime warranties for low quality products. d. the lack of evidence that something resides in a favored category will often suggest that it belongs to a less favored one.

Answers

Based on financial and accounting principles, the general message of the full disclosure principle is that "the lack of evidence that something resides in a favored category will often suggest that it belongs to a less favored one."

This is because the full disclosure principle state that all information should be documented in a company or individual financial statements which are believed to affect a reader's knowledge of that specific financial statement.

This ensures that every party that needs to access the financial statements under concern should fully understand them without missing any form of information.

Otherwise, any missing link or information will be ruled in favor of the less favored party in a legal situation.

Hence, in this case, it is concluded that the correct answer is option D.

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What is the duties of business before transaction?

Answers

Answer:

Social responsibility of business implies that corporate managers must promote the interests of all stakeholders not merely of shareholders who happen to be the so called owners of the business enterprises.

Explanation:

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What problems do you think might arise in extreme programming teams where many management decisions are devolved to the team members

Answers

*insert smart answer*

Identify and analyze various factors which affect organizational design/ structure of an organization.

Answers

Answer:

There are five factors that greatly impact organizational design: strategy, environment, technology, size and life cycle, and culture.

Explanation:

What is defined as the human response to overstimulation?​

Answers

Answer:

In essence, stress is the human body's response to overstress.

Explanation:

During stress, the human body produces the hormone adrenaline, which makes you look for a way out. Stress in small amounts is necessary for everyone, because it makes us think, look for a way out of the problem, and in this case it has a positive value. But on the other hand, if stress becomes too much, the body becomes weaker, loses strength, the ability to solve problems and can cause serious illness.

Answer:

What is the definition of overstimulation?

English Language Learners Definition of overstimulate

: to cause (someone or something) to become too active or excited : to stimulate (someone or something) too much. See the full definition for overstimulate in the English Language Learners Dictionary. More from Merriam-Webster on overstimulate

The business case for why companies should act in a socially responsible manner includes such reasons as

Answers

because if we all act in a socially responsible manner we all can get this done faster, if we all work together we can do it.
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