How does Management Science help to achieve optimal solutions?
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1. How does Management Science help to achieve optimal solutions?
2. How does management science help a business achieve the ideal situation?
3. Briefly discuss the application of Management Science to inventory management.
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- Throughout his business's expansion, Andrew Langston has had to meet several challenges-not the least of which was selecting and using information systems to keep his business competitive. Information systems have played a critical role in QuickBiz's history. You explore how Andrew met those challenges in the chapters of Part Two:• In Chapter 4, "Business Hardware," you learn how to evaluate QuickBiz's hardware needs and determine whether it has used hardware resources wisely .• In Chapter 5, "Business Software," you learn how to determine the types of software QuickBiz needs as it grows, adds employees and customers, and streamlines its business processes.• In Chapter 6, "Business Networks and Telecommunications," you learn about the strategies OuickBiz uses to remain in constant contact with its messengers and customers-with the goal of improving its services .• In Chapter 7, "Databases and Data Warehouses," you learn the importance of one of business's most powerful…The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $120,000 Work-in-process inventory $50,000 Finished goods inventory $300,000 Property, plant & equipment $500,000 Other assets $200,000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $600,000 Other expenses $1,000,000 Net income $400,000 Using the data above calculate: (a) Percent invested in inventory, (b) Inventory turnover, and (c) Weeks of supply. NOTE: please give me the answer within 2 hours only.Thank youWhich of the following is most controllable by company management? a. The environmental factors, particularly the competitive and economic factors b. The elasticity of demand c. The proportions of debt and equity used to finance the company’s assets d. The long-term bond yield and the equity risk premium
- (a) Business objectives are basic tools that underlie all planning and strategic activities. Required: Enumerate four main objectives of businesses. b) Briefly explain three financial decisions?7 Which of the following is the business function that serves the purpose of providing the funds necessary for the businesses to achieve their objectives and using these funds appropriately? a) Marketing management B) accounting management NS) Accounting audit D) Financial management TO) Production management1. List two (2) operational problems or issues in the Banking & Financial Services sector.2. Conduct apreliminaryreview of case studies, newsarticles, etc. on both of the operational problems orissues that you identified in (1) above3. Based on your preliminary research findings, choose ONEof the operational problems/issues and:(a) Explain in your own words why you are concerned aboutor interested in looking at that operational problem/issue
- Green manufactures agricultural equipment and is planning to develop and launch a new fuel efficient tractor. Required: Discuss how the strategic management accounting techniques Just-in-time and the Theory of Constraints could offer Green opportunities for improving performance and ways to seek to achieve cost reduction.Disney World forms part of the Parks and Resorts division of The Walt Disney Company, one of the largest companies in the world. However, many competencies for SMEs and large companies are similar. Analyse the competencies required for SMEs that Disney should also consider in trying to remain entrepreneurial when it comes to technology.The following are the benefits of financial module except: Select one: a. Automate financial and managerial accounting and financial supply chain management b. Provide rigorous support for financial reporting and such corporate governance mandates c. Gain deeper financial insight across the enterprise and tighten control of finances d. Ensure compliance and predictability of business vision.
- 1. Company resources include the following: A. Human, psychological, and social B. Financial, human, and capital C. Functional, formal, and financial D. Corporate, investor, and employment 2. The Operations Department deals with: A. The production and distribution of a company's good or service B. All legal matters relating to the business C. The creation, pricing, selling, and promotion of a company's good or service D. All of these 3. Value means customers believe: A. You cannot compete on price B. They are getting a good deal for the price paid C. Both You cannot compete on price and They are getting a good deal for the price paid D. None of theseWhat are the benefits and drawbacks of implementing internal static analysis?True or False. 1. Business is an entity where the skills, energy, and enterprise of owners & partners are linked with money, its sources and investment. 2. Finance is not involved in the production of financial resources from business operations. 3. Allocating funds is the same as the actual distribution of funds 4.