In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.
Explanation:
Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,
The steps included in defining success of the decision making are,
The following are the final steps of decision making process,
Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.
Operations managers play a critical role in planning and controlling operations, thereby substantially influencing the organization's ability to meet its objectives. Their decisions on production targets, resource allocation, and quality control have a direct impact on the company's success.
In their chief role of planning and controlling operations, operations managers exert substantial influence over the degree to which the goals and objectives of the organization are realized. As operating managers, they are directly responsible for managing and coordinating all production or service provision activities. They set objectives, ensure quality standards, monitor productivity, and track the efficiency of operations. Their decisions significantly impact the organization's ability to achieve its goals.
For instance, an operations manager in a manufacturing company sets production targets, plans resources, manages inventory, ensures adherence to quality norms, and handles any issues that may arise in the production process. These decisions directly influence the company's ability to meet its production objectives and, in turn, its profitability.
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b. trademark.
c. patent.
d. copyright.
Answer: Option B
Explanation: In simple words, a corporation refers to an entity which has its own separate legal identity from its owners. Generally these entities works on a very large scale and the ownership rights of such companies is divided into many shares which are hold by several different individuals.
The holders of stock of such entities gets return in form of dividend and can resell their shares for capital gain in an open market of securities. As the owner and the company are two different entities the owner is not liable to report for the action of selling shares to the company.
cashing checks
analyzing investment opportunities
judging risk based on statistics
accepting payments for a customer’s bills
dealing with foreign currencies
Answer:
Explanation:
Tellers are customer-facing bank employees. Tellers are also referred to as bank cashier in some economies. Their main role is to accurately process routine transactions at a bank. These transactions include cashing checks, withdrawals, transfers, deposits, collecting loan payments, and foreign exchange transactions.
Answer:
B, E and F
Explanation:
Answer: Private water system
Explanation: The dynamic between public and private systems has always been interesting, especially in the case of water and wastewater systems. Public water systems are usually non-profit entities managed by local or state governments, for which rates are set by a governingThough rates are monitored by a state’s public commission, private systems are not necessarily subject to this regulating board. Additionally, the difference between public and private is not always distinct, as we sometimes see in Public-Private Partnerships. On the other hand, private water systems can be for-profit systems managed by investors or shareholders. The water supply system may provide water under contract to a municipality, region, or single property is the private water system utility under a public-private partnership .
Firm 1 will be given a quota of 692.31 units, and Firm 2 will be given a quota of 307.69 units.
To determine how the government agency will divide the 1000 units of pollution between the two firms, we need to consider their marginal costs of pollution abatement and the constraint that their combined pollution cannot exceed 1000 units.
Let's solve for the optimal allocation using the given marginal cost functions:
1. Set up the optimization problem:
Maximize total pollution abatement subject to the constraint:
x₁ + x₂ ≤ 1000
2. Determine the marginal cost functions for each firm:
Firm 1's marginal cost of pollution abatement: c₁(x₁) = 6000.00 + 4.00x₁
Firm 2's marginal cost of pollution abatement: c₂(x₂) = 1500.00 + 8.00x₂
3. Formulate the objective function:
Maximize c₁(x₁) + c₂(x₂)
4. Solve the optimization problem using the given constraint:
Subject to x₁ + x₂ ≤ 1000
By substituting the marginal cost functions, the problem becomes:
Maximize (6000.00 + 4.00x₁) + (1500.00 + 8.00x₂)
Subject to x₁ + x₂ ≤ 1000
5. Solve the optimization problem to find the optimal allocation:
By solving the problem, we find that x₁ ≈ 692.31 and x₂ ≈ 307.69.
Therefore, the government agency will allocate a quota of approximately 692.31 units to Firm 1 and a quota of approximately 307.69 units to Firm 2 to ensure that the combined pollution does not exceed 1000 units.
The complete question is:
Two firms operate in a manufacturing industry that generates a significant amount of pollution. The local government has decided to crack down and limit the total amount of pollution to 1000 units. Each firm has a different cost of cleaning up its production process. Firm 1's marginal cost of pollution abatement is c₁(x₁) = 6000.00 +4.00 x₁ and firm 2's marginal cost of abatement is C₂(x₂) = 1500.00+ 8.00(x₂), where x₁ and x₂ are the amounts of pollution emitted by each firm. The two firms are constrained to produce no more than the 1000 units of pollution combined. 1st attempt See Hint
Suppose that a government agency is able to estimate the pollution abatement equations and set quotas for each firm. How will it divide up the 1000 units of pollution between the two? Give all answers to two decimals.
Firm 1 will be given a quota of____ units and firm 2 will be given a quota of ___units.
To know more about marginal costs, refer here:
brainly.com/question/30099644
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