1. What is operations management and how is different from operations research? Operations Management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. The operations management of any organization involves the design‚ operation‚ and improvement of the systems that create and deliver the primary products and services of the organization. From an organizational point of view‚ operations management might be defined as the management
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Assignment ( ECO 401 ) 1. Answer to part a. As the market clearing level is the quantity supplied equal to quantity demanded. Formulas Qs = 12000 + 50P Qd = 52000 - 30P Qd = Qs-----------------(1) Putting values in the above equation we get‚ 52000 - 30p = 12000 + 50p 52000 - 12000 = 30p + 50p 40000 = 80p P = 500 Clearing level of price (P) = 500 Clearing level of quantity (Q) = 52000 - 30P = 52000 - 30(500) Clearing level of quantity (Q) = 52000 - 15000
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Unit Two – Test Questions Review Questions 1. What are three economic stances that a government may have? Describe each of these stances. 1. Static: Sticking to the status quo in the government. 2. Progressive: Increasing the citizen’s equality and improving life for every citizen. 3. Fiscal Policy: The use of taxes and spending. 2. What are the four different types of economic resources? Describe each type. Labor: Labor is the work done by humans to sell consumer goods. Labor is very important
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What are the major issues economic‚ safety‚ animal rights‚ civil rights for each stakeholder group? ● Environmentalists and animal rights groups are concerned with the sanctity of natural resources; letting nature take its course (and aiding in that effort) and how "Mother Nature" shouldn’t be fooled with. ● Local/state/federal government officials are concerned with the economic effects of grizzly bear reintroduction‚ the safety of residents‚ adhering to laws and regulations (such as the ESA). ● Residents are also concerned
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Question 1 a. The strongest economy is USA (GDP per capita‚ $PPP; 48‚110)‚ second strongest economy is UK (35‚600)‚ follow by Eurozone economy (35‚280) and the weakest economy is China (8‚400). For compare economies performances I used indicator of GDP per capita with $PPP (Purchasing power parity) because every economy have differences in population and in purchasing power parity. For example; China have higher population than USA and that mean more working people in economy (Reason for per
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features‚ but buyers essentially buy benefits. This is a distinction sometimes lost on technology led organisations‚ and the service sector is no exception. Recent experience of the UK’s largest telecommunications company‚ Vodafone Airtouch‚ illustrates how crucial it is to see service offers in terms of the benefits they bring to customers. The company was aware of extensive research which had found high levels of confusion among purchasers of mobile phones‚ with a seemingly infinite permutation of features
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nervous system mobilizes the body in times of stress? A) central B) somatic C) sympathetic D) parasympathetic Answer: C Diff: 2 Type: MC Page Ref: 120‚ 132 Skill: Factual 155) The part of the autonomic nervous system that is responsible for reacting to stressful events and bodily arousal is called the ______________ nervous system. A) central B) somatic C) sympathetic D) parasympathetic Answer: C Diff: 2 Type: MC Page Ref: 120‚ 132 Skill: Factual ryerson.testbank @gmail.com 156) As Molly is walking
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2012 Exam Question Answer Q1. Marketing can be defined as an organization function and a set of process foe creating‚ communicating and delivering value to the customer and for managing customer relationship in a way that it benefits the organization and its stakeholders. In order to understand the marketplace and customer needs and wants‚ marketers need to identify the needs of the consumer‚ which is defined as the state of felt deprivation‚ such as hunger and self-actualization needs.
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anything from the present value since the costs have already been subtracted from profits. We can see that we have the highest present value of $290.87 when we use high advertising intensity. Therefore this is the recommended scenario. Q2. This question deals with margin analysis‚ we will look at incremental revenues and costs and see whether they are worth it. On the revenue side we have an increase on 9807700‚ however we also have incremental costs of television airtime‚ ad development and a loss
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Chap 7 assignment questions 1- Adolescents strive for more freedom to make independent decisions. From what you have learned about the adolescent brain and from this chapter’s discussion about cognition‚ what are some of the factors that influence decision making (both good and bad) in this age group? Obviously‚ regarding what I have learned about the adolescent brain‚ and when I consider what I have studied from the precedent chapter it is questionable to think that adolescent can make as such
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