Types of om decisions Study guides, Class notes & Summaries

TESTBANK FOR Corporate Finance, 3rd Edition by Jonathan Berk and Peter DeMarzo Corporate Finance, 3e (Berk/DeMarzo) Chapter 1 The Corporation 1.1 The Four Types of Firms 1) A sole proprietorship is owned by: A) one person. B) two of more persons. C) shareholders. D) bankers. Answer: A Diff: 1 Section: 1.1 The Four Types of Firms Skill: Definition 2) Which of the following organization forms for a business does NOT avoid double taxation? A) Limited partnership B) "C" corporati...

TESTBANK FOR Corporate Finance, 3rd Edition by Jonathan Berk and Peter DeMarzo Corporate Finance, 3e (Berk/DeMarzo) Chapter 1 The Corporation 1.1 The Four Types of Firms 1) A sole proprietorship is owned by: A) one person. B) two of more persons. C) shareholders. D) bankers. Answer: A Diff: 1 Section: 1.1 The Four Types of Firms Skill: Definition 2) Which of the following organization forms for a business does NOT avoid double taxation? A) Limited partnership B) "C" corporati...

Test Bank for Supply Chain Management: A Global Perspective 3e 3rd Edition by Nada R. Sanders. ISBN-13: 2863 Full Chapters test bank included 1 Introduction To Supply Chain Management 1 What is Supply Chain Management (SCM)? 3 Supply Chain Leader’s Box: A 9 The Boundary-Spanning Nature of SCM 10 The Rise of SCM 13 Supply Chain Leader’s Box: Dell Computer Corporation 14 Characteristics of a Competitive Supply Chain 14 Global Insights Box: Zara 15 Trends in SCM...

Types of OM decisions correct answers Strategic, Tactical, Operational Strategic correct answers long term often involving acquisitions of new resources ex. electric utility power station tactical correct answers medium term utilization of existing resources ex. assembly plant - workforce commitments operational correct answers short term execution of schedules or control activities tal - shift scheduling What the customer buys and considers value is NEVER a product or service ...

Solution Manual For OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN DECISIONS & CASES, 8th Edition 2024 || All Chapters ( 1-18 ) A+ Chapter 1 The Operations Function Teaching Notes This chapter is aimed at providing an overall framework for the textbook and the field of operations and supply chain management. A new section is added on the role of operations and supply chain management in the economy and in the firm. The chapter provides a framework that serves as a beneficial way of organizing...

The "Big Question" correct answers How will I add value? Types of OM Decisions correct answers 1. Strategic 2. Tactical 3. Operational Strategic Decisions correct answers Long Term Acquire new resources Example: Electric utility - Power station construction Tactical Decisions correct answers Medium Term Utilize existing resources Example: Assembly Plant - Workforce commitments Operational Decisions correct answers Short Term Execution of schedules or control activities ...

Transformation System : A user of resources that transforms inputs into some desired outputs Types of Transformations (6 Total) : Physical - Manufacturing Locational - Transportation Exchange - Retailing Storage - Warehousing Physiological - Health Care Informational - Telecommunications 2 | P a g e Triple bottom line : An accounting framework with three parts: social, environmental (or ecological) and financial. [People, Planet, Profit] Operations Management is... : The design, o...

effective (efficacy) correct answers having the right outcome or result efficient correct answers getting the outcome with the minimal amount of income productivity correct answers outcome/input operations management correct answers the design, operation, and improvement of the systems that create the firm's primary products and services Conditions of Satisfaction (COS) correct answers minimal acceptable outcome team charter: rules of engagement for project team project charter:...

OM 300 Test 1 Questions And Answers 2024 Verified Solutions What is operations management? ANS Creating value by efficiently/effectively transforming inputs into outputs What are three main types of any business? ANS Marketing (generates the demand) Production/Operation (creates the product) Finance/Accounting (follows success and finances) What types of decisions do operations managers make? ANS Planning, organizing, staffing, leading, and controlling; How people organize themselv...

The big question correct answers Why or How? -Our need for convenience Types of OM Decisions correct answers -Strategic: Long term, often involves acquisition of new resources (5-20 years) -Tactical: Medium term, best utilization of existing resources (1-5 years) -Operational (Day-to-Day) What do all companies compete on? correct answers Enterprise capabilities: managing outputs to inputs (transformation)(you can have a great idea, but if you can't make it happen with the size, people,...

Transformation System - ️️A user of resources that transforms inputs into some desired outputs Types of Transformations (6 Total) - ️️Physical - Manufacturing Locational - Transportation Exchange - Retailing Storage - Warehousing Physiological - Health Care Informational - Telecommunications Triple bottom line - ️️An accounting framework with three parts: social, environmental (or ecological) and financial. [People, Planet, Profit] Operations Management is... - ️️Th...