BUSINESS HIGH SCHOOL

What is operation manegment

Answers

Answer 1
Answer: Operations Management refers to the administration of business practices to create the highest level of efficiency possible within an organization

Related Questions

Currency traders buy on margin so they can do which of the following
Which of the following is an accurate description of trends in the banking industry over the last thirty years? A. Fewer people use banking services. B. Banks have become more decentralized. C. Banking has been unaffected by occasional recessions. D. Medium-sized banks have merged to become large banks.
describe four signs that help indicate when abc systems are likely to provide the most benefits. (select the four statements that apply.)
The wage theory that states that differences in wage rates are determined by collective bargaining is thea. traditional theory of wage determination. b. theory of equilibrium wage rate. c. theory of negotiated wages. d. signaling theory.
Which of the following is NOT true regarding personal finance today? A. The Internet has made it easy to access personal financial products. B. There has been an increase in nonbank financial service providers. C. Nonbusiness bankruptcy filings are up. D. Personal finance no longer requires careful planning.

Which of the following statements is true? Producer surplus measures the total benefit received by producers from participating in a market.
When a market is in equilibrium consumer surplus equals producer surplus.
Consumer surplus measures the net benefit from participating in a market.
Consumer surplus measures the total benefit from participating in a market.

Answers

Answer:

Consumer surplus measures the net benefit from participating in a market

Explanation:

Final answer:

The statement 'Producer surplus measures the total benefit received by producers from participating in a market' is correct. Producer surplus represents the benefit producers achieve in a market, whereas consumer surplus represents the benefit buyers achieve, but it doesn't necessarily equal the producer surplus in market equilibrium.

Explanation:

Looking at all four statements, the one that is true is Producer surplus measures the total benefit received by producers from participating in a market.

Producer surplus is the difference between the lowest price a producer would be willing to accept for a good or service and the actual price they receive. It is a measure of the benefits producers receive from selling at a market price higher than the lowest price they would be prepared to sell at.

Consumer surplus, on the other hand, measures the benefit buyers receive from buying a good or service for a price lower than the highest they would be prepared to pay. It should not, however, be confused with the total benefit from participating in the market.

Furthermore, it's not necessarily true that consumer surplus equals producer surplus when a market is in equilibrium. The relationship between the two in equilibrium depends on a variety of factors including the shapes of the supply and demand curves, and the distribution of costs and benefits among buyers and sellers.

Learn more about Producer Surplus here:

brainly.com/question/35147534

#SPJ6

A buyer submits an offer to the seller. While the seller is considering the offer, the buyer calls and cancels the offer, saying the home was too expensive. The seller protests, claiming she was going to accept the contract. Which of the following is true?

Answers

The original order is cancelled and the protest means nothing

Explanation:

An offer becomes a purchase  when the purchase  agreement is signed.

In the above question the buyer has just made an offer to the seller and no agreement has been signed between them .so here its appropriate to conclude that the original order is cancelled and the protest means nothing

Which of the following is NOT a cost typically associated with owning a car?AFuel
BInsurance
CWear & Tear fees
DMaintenance

Answers

The correct answer to this question would be C.) Wear and Tear fees. Unless you lease a car (and when you lease it you don't own it) nobody is going to charge you for wear and tear on the vehicle. That's what maintenance will correct. Fuel and insurance are the first things people think of when it comes to having a car. Without insurance you can't register it, and without fuel you can't go anywhere.

In inflation-adjusted dollars, how have average wages in the united states changed in the last 20 years?

Answers

Wages have stayed the same. 

George, a regional manager for a global corporation, is meeting with several upset managers from the Rome plant about Steve, who is originally from Florida but moved to Italy to manage the Rome facility. Phillipe, the assistant manager, tells George, "We all feel that Steve sees things only one way—his—and very seldom considers our perspective on things." Steve is employing a ______ management style

Answers

Answer: Parochial

Explanation: A style of management in which the manager having decision authority considers every situation only from his or her own perspective is called Parochial management style. The parochial mangers are the one with illiberal thinking they only considers the situation on the pros and cons related to themselves.

In the above case study, as per the description of the assistant, we can conclude that Steve is a parochial manager.

John and Elizabeth evaluate three telecommunication companies to determine the best company to invest in. A horizontal analysis will enable them to make comparisons of financial statements of the three companies over the past several years and help in the determination of the increase in their profits.

Answers

Answer:

The correct answer is; True

Explanation:
Other Questions
You decide to become a neurosurgeon. After high school, you will need four years of college, four years of medical school, five years of residency and a two-year fellowship. Assume you graduate high school at 18. How old will you be when you finish training?
An owner advertised "beautiful acreage only $5,000 down, owner will personally finance down payment." Would this be in violation of the Truth in Lending Act?
Which of the following is true of student loans?a. They are usually high interest. b. They are only available through the government. c. They may be eligible for cancellation if certain criteria are met. d. They are often used to pay tuition for private high schools.
The lower-of-cost-or-market rule requires a company to ________.