Activity 7.5 - Assignment: Module Review Part 1 1. Planning and budgeting processes are notorious for their rigidity and irrelevance to management action.” How can planning be made relevant to the challenges facing a business? I do not believe that planning in irrelevant‚ as a matter of fact‚ planning is a time and cost saving tool that every business should consider. Planning need to be a fluid process and adapt to the changes in the market and consumers demands. Also‚ planning needs to be a regular
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CHAPTER 1: OPERATIONS AND PRODUCTIVITY TRUE/FALSE 1. Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. True (Global company profile‚ easy) The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile‚ easy) All organizations‚ including service firms such as banks and hospitals‚ have a production function. True (What is operations management
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|S.no |Organisation |Order Qualifiers (Q) |Orders Losing Sensitive Criteria |Order Winners | | | | |(QQ) | | |2. |A General Entertainment Broadcasting Channel |Prime time entertainment
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Sales and planning operations Individual Contents Introduction....................................................................................................................................... 3 Introduction to the organization ..................................................................................................... 4 Task 2 ........................................................................................................................................... 4 2.1)
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Listening (thoroughly)‚ respectful interactions‚ maintaining an open mind‚ and sticking on topic are all things that go into group communicating. Strategies to promote group communication are getting everyone involved‚ asking specific questions‚ reframe from controversial topics‚ ask others opinions/views‚ and be inviting and approachable. Strategies for individual communication are respect‚ listening‚ proper tone‚ practice non-verbal communication‚ and encouraging involvement/feedback. In
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Operations Management in Business Table of Contents Introduction..............................................................................................................................3 LO 1 LO1.1 Explain the importance of operational management.......................................................4 LO1.2 Explain the need to produce safely; on time; to cost; to quality and within the law......6 LO1.3 Explain the link between operations management and strategic planning...........
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QUESTION 1: Exercise 1 A small firm produces two qualities of a product – Standard and De-Luxe. The contribution per unit is £100 for the Standard and £300 for the De-Luxe. Each model requires 1 hour per unit in the machine shop and 40 machining hours are available per week. The Standard model can be assembled and finished in 2.5 hours per unit but the De-Luxe takes 10 hours per unit. There are 200 hours per week available for assembly and finishing. Market research suggests that the maximum
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company ’s profit and overall success. A location strategy is a plan for obtaining the optimal location for a company by identifying company needs and objectives‚ and searching for locations with offerings that are compatible with these needs and objectives. Generally‚ this means the firm will attempt to maximize opportunity while minimizing costs and risks. A company ’s location strategy should conform with‚ and be part of‚ its overall corporate strategy. Hence‚ if a company strives to become a global
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STANDARD 7 PERSON CENTRED SUPPORT 1. Promote person centred values in everyday work 1.1 Understand how to put person centred values into practice in your day to day work By protecting the rights and promote the interest of the individuals‚ strive to establish and maintained the trust of the each individuals‚ promote individual’s independence while protecting them from harm and danger‚ respect the right of the individuals while making sure that they don’t harm others. 1.2 Understand
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365-day year is: 1 1 Selected Answer: 2 12.2% 3 Correct Answer: 4 12.4% 5 Question 5 1 out of 1 points 1 1 1 1 When underwriting a commercial paper issue‚ an investment bank’s fee will usually be: 1 1 Selected Answer: 2 0.1% per annum. 3 Correct Answer: 4 0.1% per annum. 6 Question 6 1 out of 1 points 1 1 1 1 A 2/15‚ n/30 date of invoice translates as: 1 1 Selected Answer: 2 a 2% cash discount may be taken if paid in 15 days; if
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