STUDY OUTLINE FOR CHAPTER 1 INTRODUCTION TO Operations Management 1. Operations management deals with the design and management of products‚ processes‚ services and supply chains. It considers the acquisition‚ development‚ and utilization of resources that firms need to deliver the goods and services their clients want. 2. What are the three basic functions in business organizations? 1)operation‚ or product service knowledge 2) finance 3) marketing 3. A supply chain consists
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meaningful in the following year. 2. Which of the following is a product cost? A. Glass in an automobile. B. Advertising. C. The salary of the vice president-finance. D. Rent on a factory. E. Both "A" and "D." 3. The accounting records of Georgia Company revealed the following costs: direct materials used‚ $250‚000; direct labor‚ $425‚000; manufacturing overhead‚ $375‚000; and selling and administrative expenses‚ $220‚000. Georgia’s product costs total: A. $1‚050‚000. B. $830‚000. C. $895‚000. D.
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Simon Sinek’s ideas and concepts of leadership relate to ones used by the Marine Corps. Marines are one of the most successful military organizations around the world. They have achieved success by accomplishing missions and winning battles. Battles fought in difficult terrains‚ climates and circumstances. Marines have also thrived in times when other military branches have better equipment and funding. They always seem to defy assumptions‚ appear to have something special and different when compared
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AT&T‚ T-Mobile Merger On March 20‚ 2011‚ AT&T announced that it would purchase T-Mobile from Deutsche Telekom for a staggering $39 billion dollars. The now second largest wireless distributor AT&T would become the largest over its competitor Verizon wireless by acquiring the 30.8 million subscribers that T-Mobile currently holds. This would not be the first time a merger took place between Wireless providers‚ in 2004 Sprint and Nextel merged and in 2009 Alltel merged with Verizon. So it came as
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Top Five Passages Taken from “I Just Wanna Be Average” by Mike Rose 1) “Students will float to the mark you set. I and the others in the vocational classes were bobbing in pretty shallow water... mostly the teachers had no idea of how to engage the imaginations of us kids who were scuttling along at the bottom of the pond” (2). This text stood out to me because it is a simple concept yet abundantly true. A thorough understanding of this passage will lead to the uncovering of a deeper meaning
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heard. Simon Sinek‚ an author and motivational speaker‚ has been explaining who millennials are‚ what their parents have done for them and what they expect from life and in the workplace. Simon also detailed on why the rest of the generations see the millennials as being self interested‚ narcissistic and lazy. But most of all entitled because of the way they were raised by their parents‚ how they are addicted to their phones‚ the way they are impatient‚ then their environment. Simon Sinek describes
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these goals must be: � Specific � Measurable � Achievable � Realistic � Time referenced The overall goal of the organization is usually expressed in its vision/mission statement Mission statements � Refers to the core business of the company‚ general philosophy and customer service focus � Need to be concise and effective Planning for success � Planning is the process of determining what steps you will take‚ when you will take them and how you will take them in order to achieve
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procedures at ED such as Intubation of patient‚ Cardio Pulmonary Resuscitation (CPR)‚ Continues Bladder Drainage (CBD)‚ Chest Tube Insertion‚ Incision and Drainage (I&D)‚ Toilet and Sutures (T&S) etc. I acknowledge that my practice may not always be evidence based and lack of understanding of the wound infection from T&S procedure. I do fully realize that as a health care professional‚ I have a duty of care for every patient (Nursing & Midwifery Council‚ 2004).
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a Dematerialized (or "Demat") account‚ instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker). The Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder will have a Dematerialized account for the purpose of transacting shares. Process for opening a DEMAT account in any bank. Q2 What are
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Theory of Accounts 1. The fundamental qualitative characteristic of faithful representation has the components of a. Predictive value and confirmatory value b. Comparability‚ consistency‚ and confirmatory value c. Understandability‚ predictive value‚ and reliability d. Completeness‚ neutrality‚ and freedom from error 2. The amount reported as “Cash” on a company’s balance sheet normally should exclude a. Postdated checks that are payable to the company b. Cash in a payroll account c. Undelivered
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