Answer: Eliminating the activities that do not add value
Explanation:
The operation management is basically refers to the business administration that perform various types of function in an organization.
It is responsible for increasing the efficiency of an organization which means that the company eliminating the various types of activities which does not add any type of values for organization.
It also involve the various types of planning process, coordinating, controlling and organizing all the company resources for producing the effective products and the services.
Therefore, The given answer is correct.
A typical PMO could supply a company's project manager with assistance in:
a. Establishing organizational structure.
b. Resource allocation.
c. Crafting a mission statement.
d. Composing a project culture document
Answer:
b. Resource allocation.
Explanation:
A project management office (PMO) is a department in a business that deals with the business' project management, organization, and execution. A typical PMO could supply a company's project manager with assistance in Resource allocation as well as activity scheduling. Since this office has to deal with these things on a daily basis to make sure that the project has everything it needs on time.
Final answer:
A Project Management Office (PMO) typically assists a company's project manager with resource allocation, which is essential for the effective execution of project activities. Other options are more strategic and may not fall under the purview of a PMO.
Explanation:
A Project Management Office (PMO) is instrumental in supplying a company's project manager with a plethora of resources and assistance. One of the key aspects a PMO could assist with is b. Resource allocation. This involves the provision of tools, methodologies, and guidance on how to efficiently allocate the finite resources of an organization, which can include personnel, equipment, finances, or time, to various projects or project components in a manner that aligns with the company's goals and project objectives.
While the other options provided such as establishing organizational structure, crafting a mission statement, and composing a project culture document are important facets of organizational management, they are often not the direct responsibility of a PMO; rather, they are more strategic functions that might be undertaken by executive leadership or through standalone initiatives.
The Project Management Institute (PMI) defines project management as an application of knowledge, skills, tools, and techniques, all of which a PMO is equipped to provide in support of a project manager. Resource allocation is a critical component of project management as it directly impacts the execution of project tasks and ultimately the success of the project.
Dynotrix Motors is a large car-manufacturing company. The company purchases raw materials from many small-sized sellers across the globe. In this case, Dynotrix Motors is characterized by:
Answer:
B) high bargaining power over its suppliers.
Explanation:
Dynotrix is a large corporation, as all car manufacturers. They have huge revenues, although they are not always profitable. Car companies purchase billions of dollars worth of supplies and materials every year, therefore, every single vendor wants to work with them. That gives them a high bargaining power, since they buy huge quantities (they purchase everything in millions of units) and vendors are always competing against each other for large purchase contracts.
When marketing is effective, prices usually increase more than enough to cover the costs of marketing, so sellers make larger profits per unit sold.
1. True
2. False
Critical Chain Project Management (CCPM) attempts to keep the most highly demanded resource busy on critical chain activities, but not overloaded.True/false
Answer:
True
Explanation:
Critical Chain Project Management (CCPM) is referred to as the approach that works for project completion and managing. it includes the effective use of resources like people, equipment, etc.
steps include in Critical Chain Project Management (CCPM) are:
1) determine critical chain
2) estimate the resource constraints
3) focus your team
4) use single-tasking
5) estimate time for a particular task
6) check for changes, provides alternate for any change
7) present the project report
Which of the following is true about the Grange? 1. It established cooperatives for storing and marketing farm output. 2. It pushed for the railroads to acquire more land in the West. 3. It opposed government regulation of shipping charges. 4. It pushed for the eight-hour day.
Answer:
1) It established cooperatives for storing and marketing farm output.
Explanation:
The Grange or Granger organizations started in 1867 and were organized to help farmers purchase machinery, build grain elevators, and pressure the government into acting against the abuses made by railroad monopolies. They grew and spread extremely rapidly across America, by 1870 they had over 1 million members, and finally were able to lobby the government into making antitrust laws.
Interpretation of intelligence test scores is based on the assumption that the scores are normally distributed within a population such that:__________.
Answer: According to complete question "more than two-thirds of children will score between 85 and 115".
Explanation:
The solution to this issue is it, even though the Wechsler Ratios of Intellect scores are "standardized" to an average of 100 and a margin of error of 15 based on the standardized system used only to start scoring IQ.
So between 85 and 115 will be 68 that for each cent of the results.
Therefore the result stand between 85-115.
Final answer:
Intelligence scores are assumed to be normally distributed around an average IQ of 100, with the majority of people scoring close to this average. A standard deviation is about 15 points, meaning scores within one standard deviation (85 to 115) are considered average. Extreme scores indicate giftedness (>130) or intellectual disabilities (<70).
Explanation:
Interpretation of intelligence test scores is based on the assumption that the scores are normally distributed within a population. This means that IQ scores form a bell curve, with most individuals scoring around the average (IQ = 100), and fewer individuals scoring significantly higher or lower. The standard deviation is typically 15 points, so approximately 68% of the population scores within one standard deviation of the mean (between 85 and 115). A score of 115 would be considered one standard deviation above the mean, indicating above-average intelligence, while a score of 70, which is two standard deviations below the mean, might indicate an intellectual disability.
Furthermore, only about 2% of the population scores above an IQ of 130, which is often classified as giftedness, and similarly, about 2% of the population scores below 70, formerly known as the threshоld for mental retаrdation but now more respectfully referred to as intellectual disability. The normal distribution of IQ scores ensures that the vast majority of people have average intelligence, supporting the use of IQ tests in identifying extremes of intelligence, such as intellectual disabilities and giftedness.
controls ensure that valuable business data files on either disk or tape are not subject to unauthorized access, change, or destruction while they are in use or in storage.
Answer:
The answer to the following statement is "Data security".
Explanation:
Data security guarantees that sensitive business information files on a disk or record are not prone to unauthorized persons, deletion or degradation during use or storage.
Data security describes the process of securing knowledge over its entire lifecycle from identity theft and data manipulation. Data security requires encryption technology, tokenization, and other techniques that secure data across all networks and applications.Therefore, "Data Security" is the correct answer.
In one of the case studies in the textbook, Albert Miano, the facilities supervisor for a popular magazine, submitted phony invoices. When Miano received the checks for the phony invoices, he forged the contractor’s signature. He then endorsed the check in his own name. What controls weaknesses did the company have that facilitated Miano’s scheme?
A. Employees in the accounts payable department did not follow departmental procedures.
B. Accounts payable never checked signatures on the invoices against the authorized signatures on file.
C. Miano was allowed to pick up the approved invoices from the administrative vice-president’s office and deliver them to the accounts payable department.
D. All of the above
Answer:
Option "D" is the most appropriate answer to the following situation.
All of the above.
Explanation:
Departmental policies did not apply to staff in the accounts payable department.
The Advertising employee demonstrates organizational error. It is the duty of the cash payable department to make this effective.
Accounts payable have never verified billing signatures against the file documents authorized.
The shaky legal status of an invoice was the very reason for how sellers require customer signatures, or some form of binding acknowledgment, before giving out goods.
Miano was allowed to receive the authorized receipts from the department of the Executive Vice-President and send them to the division of accounts payable.
To lower the rate of employee attrition within the organization by 5 percent through the use of effective employee retention and motivation techniques." Which of the following is a valid criticism of this objective?
A) It is not stated in a simple fashion.
B) It does not provide a time frame for achieving objectives.
C) It is not related to specific actions.
D) It is not achievable.
E) It does not pinpoint expected results.
Answer:
The correct answer is B
Explanation:
Retention of the employee comprise the various steps which is to be taken in order to retain the employee who wishes to move on. The employee need to find his job challenging and as per the interest at work and stay or retain with the firm or business for the longer period of time.
So, if there is lower in the rate of employee attrition by using the technique of the retention and motivation, the valid and correct criticism for this objective is that it does not provide or offer the time frame for accomplishing the objectives.
Which of the following groups uses accounting information to determine whether the company's net income will result in a stock price increase?
A. Chief Financial Officer
B. Investors in common stock
C. Creditors
D. Marketing manager
Answer:
The correct answer is B. Investors in common stock.
Explanation:
The company net income or earning per share is an indicator of price rise or fall in stock market. The increase in net earning or eps results in increase in stock price and vice versa. The investor will get more return on its investment if eps rise as price of stock instrument will increase and more earning means more dividend. So Investors in common stock uses accounting information to determine whether the company's net income will result in a stock price increase.
During a routine physical examination on an older female client, a nurse notes that the client is 5 feet, 3/8 inches (1.6 m) tall. The client states, "How is that possible? I was always 5 feet and 1/2? (1.7 m) tall." Which statement is the best response by the nurse?
Correct/Complete Question:
During a routine physical examination on an older female client, a nurse notes that the client is 5 feet, 3/8 inches (1.6 m) tall. The client states, "How is that possible? I was always 5 feet and 1/2? (1.7 m) tall." Which statement is the best response by the nurse?
a. "After age 40, height may show a gradual decrease as a result of spinal compression"
b. "After menopause, the body's bone density declines, resulting in a gradual loss of height."
c. "There may be some slight discrepancy between the measuring tools used."
d. "The posture begins to stoop after middle age."
Answer:
B, "After menopause, the body's density declines, resulting in a gradual loss of height."
Explanation:
The above statement in the answer section is the only response that answers the client's questions. This is because the statement answers properly, the question of why she has lost some inches in height.
Other options do not answer her question because the client records doesn't show spinal compression or any faults in measuring tools before that time.
i hope this helps.
Which term describes the purely competitive market structure where many buyers are trying to satisfy a similar need with uniquely branded products from a relatively large number of sellers (e. g., sports-drinks)?
Answer:
monopolistic competition
Explanation:
Monopolistic competition refers to the characteristic of a sector in which several companies offer similar but not flawless replacements for products. Barriers to entry as well as an exit in such a competitive monopoly sector are minimal, and any company's judgments have no direct impact on those of its rivals. Monopolistic competition is strongly linked to the mark distinguishing corporate strategy.
The monopolistic rivalry is a middle way among monopoly with perfect competition, mixing individual elements. Both companies have the same, comparatively low level of market dominance in monopolistic competitiveness; they are all value-makers. The demand is strongly elastic throughout the long run, implying it is vulnerable to price movements
The term for a market structure characterized by many buyers and a large number of sellers offering similar but not identical products, like in the case of sports drinks, is Monopolistic Competition. Sellers in this type of market have some control over price and must constantly strive to attract customers through product differentiation and effective marketing.
Explanation:The term that describes the market structure where many buyers are trying to satisfy a similar need with uniquely branded products from a large number of sellers, like sports drinks, is Monopolistic Competition. In this scenario, a considerable number of sellers offer similar but not identical products. This is common in many real-world markets, such as the sports drinks industry for example. Here, we have many sellers, including Gatorade, Powerade, and others, each with their specific brand, formulation, and marketing strategy to differentiate their product.
Sellers have some control over price because of product differentiation, but they also face competition, keeping prices relatively competitive. As such, they need to continually work towards attracting customers by enhancing their product attributes, employing creative marketing strategies, and maintaining a strong brand image.
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In a typical scenario planning exercise,:
a. managers do a "postmortem" to understand what went wrong with a strategy.
b. corporate-level managers set targets for functional-level managers.
c. managers entirely depend on employee feedback.
d. managers try to come up with alternative plans after a business model has failed.
e. managers formulate plans that are based on "what-if" scenarios that are about the fut
Answer:
E) managers formulate plans that are based on "what-if" scenarios that are about the future
Explanation:
When you are carrying on a planning exercise, you must try to simulate possible business scenarios and determine the different possible outcomes for your project.
For example, in scenario 1 you might include very positive variables, e.g. if we have a high selling price, low costs, high demand, low taxes, what will be our net income. In scenario 2, if our sales are not that high, what will happen to our income. In scenario 3, if our costs might be higher than expected or taxes might increase, what will happen. And so on until you cover most of the possibilities.
If a project is profitable and has a positive NPV only with very favorable scenarios, then you should weigh how possible are those favorable scenarios. You should also determine how risky your investment becomes if something changes. Sometimes even a small change can make a project fail.
The fact that some consumers want flavored bottled water and others want it with added minerals provides an opportunity for _____ segmentation.
Answer:
Benefit
Explanation:
Benefit segmentation is dividing or spilt up the market grounded on the perceived advantage or benefit and value consumers perceive, that they will receive from the service or the product.
The person could segment the market grounded on the performance, quality, special features, customer service and other advantages.
Therefore, the fact that the some of the customers want the flavored water bottles and others want to have it with the added minerals, it provides an opportunity for the benefit segmentation.
Categorize each of the following activities as to which management responsibility it fulfills: planning, directing, or controlling. Some activities may fulfill more than one responsibility.Management conducts variance analysis by comparing budget to actual.Responsibility:________.
Answer:
Controlling:
Directing
Explanation:
Controlling: Management conducts variance analysis by comparing budget to actual.
Directing: Some activities may fulfill more than one responsibility. it is regarded as the heart of management process because, its coordinate personnel in other management function to achieve desire goals.
Directing includes managerial efforts directed toward monitoring both organizational and employee performance and progress toward goals.
Controlling. Controlling involves ensuring that performance does not deviate from standards.
Controlling consists of three steps, which include:
(1) establishing performance standards,
(2) comparing actual performance against standards, and
(3) taking corrective action when necessary.
The measurement of performance can be done in several ways, depending on the performance standards, including financial statements, sales reports, production results, customer satisfaction, and formal performance appraisals.
Identify and briefly compare the two leading stock exchanges in the United States today. Write the main differences of the two stock exchanges.
Answer:
The two main leading stock exchanges in the United States are the New York Stock Exchange (NYSE) and the Nasdaq stock market. The NYSE is bigger than the Nasdaq, and it is a physical location exchange where traders meet to buy and sell securities. While the Nasdaq is an electronic dealer based exchange where brokers and dealers are connected electronically.
societies use machinery and energy sources rather then humans and animals for production and __________ societies use the creation, processing, and storage of information for production.
Correct/Complete Question:
Industrial societies use machinery and energy sources rather then humans and animals for production and __________ societies use the creation, processing, and storage of information for production.
Answer:
Post-industrial
Explanation:
There are stages of development of a society and one of those stages is post-industrial society.
Post-industrial societies are societies in which societal production is as a result of creation, processing and storage of information. Simply put, Post-industrial societies are societies in which service provision creates more wealth than manufacturing. This services are done through information creation, processing and storage as written above.
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The supply chain function works with marketing to manage the movement of physical goods throughout the supply chain. This supply chain activity is ________
Answer and Explanation:
Logistics
Your objective is to determine that nonrecurring purchases, initiated by various user organizations, have been properly authorized. If all purchases are made through the purchasing department, to which of the following documents should you vouch purchases?
a. Invoices.
b. eceiving reports.
c. Purchase orders.
d. Purchase requisition
Answer:
D) Purchase requisition
Explanation:
The purchase process starts with the purchase requisition, so if you want to track down if nonrecurring purchases have been properly authorized, you have to vouch purchases to the starting point (the purchase requisition). The purchase process should start only after the purchase requisition has been properly authorized by the user department.
True or False: The law of supply is a direct negative relationship between the price of a good or service and the quantity of it that producers are willing to supply. The height of the supply curve at any quantity shows the minimum price necessary to induce customers to purchase that unit.
Answer:
False
Explanation:
Although the first part of the statement correctly describes the law of supply as an inverse relationship between the price of good/service and the quantity suppliers would supply (given a particular price), the second part is false.
Height of the supply curve indicates a minimum price that would incentivize suppliers to start creating a particular good. The notion of customers and purchase is related to the demand curve, not supply.
What do critics say is an important problem related to the north american free trade agreement in mexico?
Answer:
Actually there are 5 problems related to NAFTA according to critics.
1) Mexico's farmers were put out of business, with free trade US exported agricultural products to mexico at low price. which in turns put local farmers out of business.
2) US jobs were lost, labour in mexico is cheap, so many companies moved their operations and factories to mexico for cheap labour. Which makes the US labour unemployed.
3) At US wages were suppressed, as many companies moved to Mexico other companies used this treat to pay labour low wages.
4) Mexico environment was highly affected, because of high competition local farmer used more fertilizers, fungicides and pesticides which affected their environment a lot.
5) Free US access to Mexican trucks, this was highly opposed by US local trucking companies as they will lose their business if mexican trucks were given free access to US. So, this point was rejected in 2008.
Program Evaluation Review Technique (PERT) is a _____ technique because it analyzes a large, complex project as a series of individual tasks.
Answer:
scheduling technique
Explanation:
Project Evaluation Review Technique and Critical Path
Method (CPM) are scheduling techniques used to plan, schedule,
budget and control the many activities associated with projects.
Projects are usually very large, complex, custom products that
consist of many interrelated activities to be performed either
concurrently or sequentially.
How should the davises react to adidas' planned acquisition of reebok? what aspects of new balance's operations strategy should they change?
Answer:
Reduce the suppliers to 2-3 and have long term relationships with them. They should employ an ERP across the functions for better communications
Explanation:
Adidas and Reebok are the two biggest companies in the world that produce sport outfits. Adidas bought over Rebook in 2005 but wanted the new subsidiary to continue to operate under their unique brand name.
However, there are certain aspects of New Balance’s operations strategy they should change which includes the following;
1. The ecosystems of suppliers they have should be trimmed down to three, for better and effective long-term relationships with the sole aim of cost reduction.
2. The should also commence the use of Enterprise resource planning (ERP), a business process management software that will help them maintain better communication across functions and be able to always evaluate pipeline to know the varying requests made by customers.
The Davises should analyze market changes due to Adidas' acquisition of Reebok and adjust New Balance's strategy accordingly, focusing on differentiation, innovation, and possibly mergers.
In responding to Adidas' planned acquisition of Reebok, the Davises should conduct a thorough market analysis to understand the potential impact on their business, New Balance. The strategies New Balance might consider include differentiating their brand, enhancing innovation, or potentially merging with another company to remain competitive. They could also explore new product lines, specifically targeting niches that are underserved by the Adidas-Reebok conglomerate.
Regarding changes to New Balance's operations strategy, the company should reassess its strengths and weakness in light of the merger. Cost reduction and strategic realignment might be necessary, along with the creation of new positions to drive innovation. Predictive analysis of financial statements and market trends could signal which strategies may bring about global value and competitive advantage.
Report from a fired researcher at the company indicates the company's product is releasing toxic by-products. The company suppressed that report. A later report commissioned by the company shows there is no problem with the fertilizer. Exercises Should the company's chief executive officer reveal the content of the unfavorable report in discussions with Yellowstone County representatives? Discuss.
Answer:
The given situation comes under professional ethics.
Explanation:
Professional ethics are values that regulate the behavior of a person or a business group. They are like rules telling how a person should act in given situations.
Many times, only the legally correct statements are not enough. When the company's chief executive officer has a discussion with Yellowstone County representatives, he should disclose both the reports. By doing so, he would follow professional ethics of not suppressing reports about the toxic by-products. He could also show any flaws in the report of the fired researcher.
A volume-cycled ventilator is in the control mode and the I/E ratio alarm is sounding. Which control adjustment would correct this problem
a. Decrease the flow rate
b. Increase the VT
c. Increase the respiratory rate
d. Increase the flow rate.
Answer:
Option "D" is the correct answer for the following.
Increase the flow rate.
Explanation:
The quantity the ventilator provides differs with adjustments in airway pressure, lung performance and ventilation system integrity.
Volume-cycled ventilators: Air passes to the patient until a fixed volume is supplied to the ventilator system, even if the airway pressure is very high.Inspiratory: Expiratory ratio applies to the inspiratory period scale: time of expiry. ... This offers a 1:2 I: E ratio, which reads "one to two." In asymmetric, this ratio is typically changed due to the increased expiration time. They could have a ratio of 1:3 or 1:4 to I: E.A corporation has issued $20,000,000 of 7%, 15 year, $1,000 par, convertible debentures, convertible at a ratio of 32:1. The bond is currently trading at 105, while the company's common stock is at $35. Which statements are TRUE?
Answer:
C) II and III
II For an immediate profit, the common shares should be sold short and the equivalent number of bonds purchased III An arbitrage opportunity exists between the price of the convertible and the price of the commonExplanation:
Currently the stock is trading at $35 and the parity price is $32.81 (= market price of bond / conversion ratio = $1,050 / 32 = $32.81), that means that the stock is trading at a premium to parity THIS IS AN OPPORTUNITY FOR ARBITRAGE.
You can make a profit if you SELL SHORT 32 shares at $35 per share = $1,120 and immediately buy 1 bond at $1,050. Then convert the bond into 32 common shares and you will make a $70 profit (= $1,120 - $1,050).
A company has calculated its running sum of forecast errors to be 500 and its mean absolute deviation is exactly 35. Which of the following is the company's tracking signal?
A. Cannot be calculated based on this information
B. About 14.3
C. More than 35
D. Exactly 35
E. About 0.07
Answer:
correct option is here B. About 14.3
Explanation:
given data
running sum of forecast errors RSFE = 500
mean absolute deviation MAD = 35
solution
we get here tracking signal that is express here as
tracking signal = [tex]\frac{RSFE}{MAD}[/tex] .................................1
put here value and we will get tracking signal
tracking signal = [tex]\frac{500}{35}[/tex]
tracking signal = 14.3
so correct option is here B. About 14.3
A _____ is a form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners.
Answer and Explanation:
corporation
A real estate broker sold property on Friday morning and received a $2,000 deposit in cash. Afraid to carry the money, he quickly deposited it into his own account in a nearby branch of his bank. This is clearly an example of:
judicious caution
conversion
commingling
cohabitation
Answer:
commingling
Explanation:
Commingling is defined as the mixing of the money of broker money with the money of the clients of the broker.
Here in the question it is stated that the money received (i.e the money of the client ) is deposited by the real estate broker in his account.
Now by depositing the money in his bank account he actually mixes the money of the client with his money which is already present in his bank account
18. The guarantee that English settlers in the New World would retain the ""rights of Englishmen"" proved to be A) an empty promise. B) unpopular among the settlers. C) the cause of revolutions in Spain and France. D) the foundation for American liberties. E) a catalyst for French colonization of North America.
Answer:
D) the foundation for American liberties.
Explanation:
Guarantee's that English settlers in the New World which have been retained the "rights of Englishmen" certified to be the foundation for American liberties. Basically the rights of Englishmen are been recognized as the ancestral rights of the English subjects regarding the Britisher's sovereign. The early years at Jamestown were mainly indulged by disease, starvation, as well as frequent Indian raids.