1.Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organizations goods or services.TrueFalse 2.Often‚ the collective success or failure of companies operations functions will impact the ability of a nation to compete with other nations.TrueFalse 3. An example of a strategic operations management decision is the choice of where to locate.TrueFalse 4. An example of an operational operations management decision is inventory level management.TrueFalse
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It is very important to have your own definition of leadership. By having a definition you have something to go by when you forget and get caught up in a routine. I believe that it is almost mandatory to have a set of guidelines to be a great leader; this will define who you are and what type of leader one may become as well as how you got into that leadership role as well as how to further yourself in the career field as a leader. My definition of leadership is how I feel a leader should be. The
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Introduction The law of contract is applicable not only to the business community‚ but also to others. Every one of us enters into number of contracts almost everyday‚ and most of the time we are doing so without realizing what we are from the point of law. The law of contract furnishes the basis for the other branches of mercantile law. The enactment relating to sale of goods‚ negotiable instruments‚ insurance‚ partnership and insolvency are all founded upon the general principal of contract law
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Lecture: 01 13.01.15 Introduction to business A business is any organization that tries for profit by providing goods and services that meet customer needs. It deals with exchange of products and services in exchange of money. Business is an integrated process of exchanging values between an organization and its customers. Business involves the exchange of goods‚ services or money for mutual benefit. How people form the core of a business? The human element is the core of a business. Business needs
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History Quiz 1) To finance the American Revolution‚ the first paper notes were produced‚ known as Continentals. A 2) In response to the financial crisis in the 2000’s‚ the Federal Reserve’s policy making body cut the federal funds rate to nearly 0‚ the lowest level in over 50 years. c 3) Which president signed the Federal Reserve Act into law? Woodrow Wilson. C 4) The first Bank of the United States was chartered in 1791. B 5) During the 1920’s‚ the Fed began to use this as a monetary policy
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1. Economic theory is a valuable tool for business decision making because it Answer identifies for managers the essential information for making a decision. assumes away the problem. creates a realistic‚ complex model of the business firm. provides an easy solution to complex business problems. 0.2 points Question 2 1. Economic profit is Answer the difference between total revenue and the opportunity cost of all of the resources used in production. the
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PHI 210 (Critical Thinking) Week 9 Quiz 3 Question 1 If students play video games‚ their school work will suffer‚ and they will not have the ability to succeed in life‚ ending up in lower paying jobs and needing government programs‚ which will increase our taxes. So video games will increase our taxes. CORRECT ANSWER – Slippery Slope Question 2 Professor Andrews‚ surely I deserve a B in logic. I know that I have gotten F’s on all the tests‚ but if you give me an F for my final
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QUIZ QUESTIONS Group : A1 Members: Mrinalini Shankar FK-1847 John T Clashious FK-1849 Srilakshmy Srikumar FK-1855 Anup V Nair FK-1857 Nimi K Parvathy FK-1858 B Sateesh Kumar FK-1869 Topics : Introduction to Research Research Process 1) Conceptual structure within with research would be conducted a) Sample Design b) Experimental Design c) Informal Design d) Research Design
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effectively‚ or achieve the goals set for them? Answering questions like this is of utmost importance to understand and manage the work behavior of our peers‚ subordinates‚ and even supervisors. As with many questions involving human beings‚ the answers are anything but simple. Instead‚ there are several theories explaining the concept of motivation. Figure 14.3. According to this equation‚ motivation‚ ability‚ and environment are the major influences over employee performance. Case in Point:
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Quiz 2 Answers (10 POINTS) Question 1 (2 points) The Hansen Company has 3 product lines of tires - X‚ Y‚ and Z with contribution margins of $3‚ $5‚ and $7 respectively. Management expects a sales mix as follows: 90‚000 units of tire X‚ 60‚000 units of tire Y‚ and 50‚000 tires of Z in September 2009. Hansen’s fixed costs are expected to be $552‚000 for the same month. 1. Determine the breakeven point in units for X‚ Y‚ and Z respectively 2. Determine the operating income at a total sales level
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