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Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Which of the following statements is/are true: All of the statements are true None of the statements is true Q: Which of the following Strategic OM Decicion Elements do you prefer and why? Use example. Goods… A: Operation management in an organization aims at providing the highest efficiency possible. It… Q: It is important to understand both the similarities and differences between the two matrix tools in… A: BCG matrix is utilized by the organizations to send their assets among different specialty units.… Q: Is the following statement correct? Vertical integration is the process of a company expanding… A: The statement is true and correct. 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The board of directors… Q: Answer the following questions using the Answer Report and the Sensitivity Report on the following… A: From the given data to find : 4) If you could sell clocks for $17 instead of $15 would it change the… Q: Data warehouse and OLAP; business intelligence (BI) solutions for end users Prepare a report for top… A: In figuring, an information distribution center (DW or DWH), otherwise called a venture information… Q: Of the following examples, which illustrates how value is captured? O A supplier captures value when… A: Value capture is the process by which the person whether a retailer, wholesaler, customer,… Q: A grocerant is one strategic business unit (SBU) of a grocery store. True False The inclusion of a… A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If… Q: A company’s corporate office has to decide between investing capital in a given business as it in a… A: If a company's product has a low market share and at a low rate of growth it is considered a "dog". Q: Which of the following are correct with respect to a good ‘business model’? There can be more than… A: Business model refers to a company's plan to generate revenues. It takes into account the products… Q: XYZ, a technology business, which is operating across the middle east and has a revenue growth… A: Business growth and development are the essences of business survival in the modern business… Q: The balanced scorecard (BSC), originated by Kaplan and Norton, represents a technique used in the… A: The term balanced scorecard (BSC) alludes to a strategic management performance metric used to… Q: A person who does well in the Planning stage of the problem-solving framework model of EF has an… A: The question is multiple choice question and related to Entity Framework Model. Q: Every organization is into strategic planning. The top level management and the board of directors… A: “Since you have asked multiple question, we will solve the first question for you. If you want any… Q: Explain the following with example. If diagram required mention it for better understanding… A: Accounting controls consist of the methods and procedures that are implemented by a firm to help… Q: Sales Planning is the process of organizing activities that are mandatory to achieve business goals.… A: The sales are the activity of the organization performed under the specified department in the… Q: As opposed to identifying opportunities and threats, identifying a company’s strengths and… A: The answer is d. Review of the company’s industry and competitive environment Q: A philosophy designed to integrate all organizational areas in order to provide customers with… A: The answer is as below: Q: One of the hardest decisions in the growth stage is to set the price of a new product. True False A: False Q: In the Management in Action case, assume Amtrak’s CEO makes changes to the company’s operations and… A: In this case, CEO is making changes in the company's operations and then reviewing the results.… Q: The best talent can be recruited by officer development program (ODP). Further, the talent should… A: The Officer Development program is the initiative taken by the firm for developing the skills and… Q: Based on the course materials, what is the importance of monitoring potential savings in food cost… A: The fundamental explanation most cafés can't deal with their accounts and endure misfortunes is that… Q: Core competencies describes the activities that take place in a business and relates them to an… A: Since you have asked multiple questions, we will answer the first question for you. If you want a… Q: Match the steps of LCA to the correct order (i.e. 1st, 2nd, 3rd, 4th) for the analysis process.… A: LCA - It refers to the methodology for assessing environmental impact associated with all the stages… Q: Tim and his wife were having a few friends over for dinner, many of whom Tim knew from an… A: This case discusses business approaches of a group of people. Q: Tim and his wife were having a few friends over for dinner, many of whom Tim knew from an… A: Market entry strategy can be explained as the strategy that the companies or organizations use to… Q: The following type of system provides support for complex, non-routine decisions, primarily for… A: Information system is a set of collecting , storing and processing data for providing… Q: Please fix the following sentences. ADD Any commas and fix grammatical errors. 1. The manager… A: 1. 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(Round dollars to the nearest… A: As per an advertisement by "Speedy Supermarket" The selling price of each 2-liter bottle = $1.25… Q: 1) Strategic planning sometimes refers to strategy formulation. * True False 2) Intuition is… A: Strategic planning is a method and thus has information, activities, outputs, and results. This… Q: 1. Explain how information systems are essential for increasing the profit and reducing the cost of… A: Information system - It is considered as a formal system which is used for the purpose of… Q: One of the planning objectives is to increase competition Select one: O a. False O b. True A: Planning is the first function of management, which is the beginning step for every business,… Q: Weighted average method can be used for inventory valuation in case of items like vintage cars. FIFO… A: There are various methods for inventory evolution Such as LIFO, FIFO, Weighted average and specific… Q: Mazen has been assigned to a high management position at the XYZ NGO. Mazen is recognized by his… A: NGO often called Non-governmental organizations refers to the not-for-profit organization that… Q: A strategy is a broad set of organizational plans for implementing the decisions made for achieving… A: Business strategy is made from an extensive corporate strategy. It specifies specific tactics and… Q: Which of the following is focused on the operational performance measure in the 2000s? a)… A: Operational performance measure can be defined as the measure which helps in evaluating production… Q: Which of the following statements is false with regards to the BCG Matrix and the GE- Matrix? A: BCG matrix is utilized by the organizations to send their assets among different specialty units. Q: What is reengineering? A. Reengineering is the ratio of the quantity of output produced to the… A: Business process is described as the series of actions that are executed by the stakeholder group in… Q: what logistocs strategies and decisions will you take to a smooth flow of its materials and products… A: Proper tracking of the products and materials is required to locate them and inform the customers… Q: A company named as “Versatile Machines” working in USA from 10 Years they have a good record sales… A: Decision Support System - A decision support system (DSS) is a computerized program used to support… Q: An analyst has collected the following information regarding Gilligan Grocers: Earnings before… A: The Given Information is Earnings before interest and taxes (EBIT) = $700 million. Earnings before… Q: What is the difference between the PDCA cycle and the Deming cycle?a. The PDCA cycle includes four… A: What is the difference between the PDCA cycle and the Deming cycle? The PDCA cycle includes four… Q: An operational plan can be defined as a plan prepared by a component of an organization that clearly… A: An operational plan can be defined as a plan prepared by a component of an organization that clearly… Knowledge Booster Suppose you are a Marketing Manager of a 5-star Hotel located in Baguio City, Philippines. You are tasked to perform a SWOT analysis to know what are factors expected to affect the company's operations. Examine each situation and identify whether it is a Strength, a Weaknesses, an Opportunity, or a Threat to your company. Answer: S. If the situation refers to a Strength W. If the situation refers to a Weakness O. If the situation refers to an Opportunity T. If the situation refers to a Threat ___1. Excellent staff who are highly trained and very customer attentive. ___2. Business taxes will increase by 3% next year. ___3. The present promotional activities have a great appeal to customers. ___4. Some employees have problems dealing with arrogant customers who give out unfavorable comments. ___5. Sometimes overlook financial issuances of check and deposited cash. ___6. hotel rates are high which contradicts to the company's positioning of "Premium Quality Services at an Affordable… Is the following statement correct? Vertical integration is the process of a company expanding its operations either backward into an industry that produces inputs for the company’s products, such as raw materials or product components. For example, producing car batteries is an input of the automotive industry but can also be integrated vertically. Vertical integration can also be done forward into an industry that uses, distributes, or sells the company's products and it moves to the final delivery of the product to the customer. The parallel shifts from car ownership to the mobility of demands change the automotive industry. Car manufacturers test different business models, such as car sharing, in order to morph into mobility providers which is a typical forward integration strategy. Please choose an answer: True Not correct Which of the following sentences best summarizes the differences between the Red and Blue oceans strategies a. Red oceans are about avoiding head-to-head competition while blue oceans are about rivals fighting over a shrinking profit pool. b. Blue oceans represent all the industries in existence today while red oceans are those where companies beat competition c. In the red oceans, industry boundaries are defined and accepted and the competitive rules of the game are known. Blue oceans are occasionally created well beyond existing industry boundaries. d. All the options are valid 1.) Because most equipment is not used on a project for an entire year, the costs must be converted to an hourly, weekly, or monthly cost. true or false 2.) Operation costs include tires and other wear items, fuel, lubricants and filters, and repair reserves. true or false 3.) Operating costs are those costs that are most closely related to how long a piece of equipment is owned rather than how much a piece of equipment is used. true or false Note: please help us in this sample problem and also please explain even a little bit so that we can understand it thank you Which statement is true? A. In the Service (Productt) Processs matrix, the degree of labor intensity refers to the ratio of labor cost to total cost. B. In the Service (Productt) Processs matrix, capital intensive services such as airlines and hospitals are grouped under the service category Masss Service. C. In the Service (Productt) Processs matrix, volume refers to the volume of business generated from new customers in the previous month. D. The Service (Productt) Processs matrix offers no place for large, capital-intensive businesses with 24/7, continuous production. Which of the following are correct with respect to a good ‘business model’? There can be more than one correct answer. 1. A business model identifies various stakeholders in the business and the transactions between them 2. A business model identifies the flow of resources A business model describes the rationale of how an organization creates, delivers and captures value 3. A business model answers the following questions: who is the customer and what is the value to the customer? 4. A business model can be segregated based on business functionalities say, marketing, finance, human resources etc. 5. A business model helps identify the competitors and their superiority / inferiority with respect to own business Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 4.) If you could sell clocks for $17 instead of $15 would it change the number of each appliance you should produce (i.e., would it change the optimal solution)?5.) If you had your choice of an extra $10 in your budget or an added demand of 5 toasters, which one should you do, and how will your profit be affected? 57. Which of the following statements about a make-or-buy decision analysis is not correct?a. Available resources should be used as efficiently as possible before outsourcing.b. The analysis should involve avoidable costs only.c. If the total relevant cost of production is less than the cost to buy the item, it should be produced inhouse.d. The decision depends on whether the company is operating at or below the normal capacity The balanced scorecard (BSC), originated by Kaplan and Norton, represents a technique used in the strategic management of firms. Based on the literature, discuss how a balanced scorecard is used in a company or an industry. You also need to highlight the advantages and disadvantages of the balanced scorecard. State the references. SEE MORE QUESTIONS Recommended textbooks for you Practical Management Science ISBN:9781337406659 Author:WINSTON, Wayne L. Publisher:Cengage, Operations Management ISBN:9781259667473 Author:William J Stevenson Publisher:McGraw-Hill Education Operations and Supply Chain Management (Mcgraw-hi... ISBN:9781259666100 Author:F. Robert Jacobs, Richard B Chase Publisher:McGraw-Hill Education Business in Action ISBN:9780135198100 Author:BOVEE Publisher:PEARSON CO Purchasing and Supply Chain Management ISBN:9781285869681 Author:Robert M. Monczka, Robert B. Handfield, Larry C. 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What is true about supply chain management?Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.
What is the best definition of supply chain management?Supply chain management (SCM) refers to the processes of creating and fulfilling demands for goods and services. It encompasses a trading partner community engaged in the common goal of satisfying end customers.
What are the 3 main flow of supply chain management?There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The Product Flow – The product flow involves the movement of goods from a supplier to a customer.
What are the five most important factors of supply chain management?The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
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Which statement is true of supply chain management
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