Is the cost volume profit analysis can be applied in service operator companies in making their analysis?
Q: (5) examples of business-related data collected by companies or organizations either from their…
A: Amazon collects data from their customers as the feedback is Qualtitiate data as well quantitative…
Q: What is importance of sensitivity analysis in operation research
A: Sensitivity Analysis: It is an analysis that determines the effect of the different values of the…
Q: which is a better planning tool: Benchmarking or forecasting?
A: In project management, strategists have fostered an enormous exhibit of tools useful in evaluating…
Q: Explain the relevance of each of the following terms and concepts to a non management professional.…
A: Operating synergy is when the worth and execution of two firms joined is more noteworthy than the…
Q: Ms. Basma is appointed as a management accountant of Oman Sugars LLC, As a management accountant she…
A: Management is the set of different functions such as planning, organizing, supervising, and…
Q: A small building contractor has recently experienced two successive years in which work…
A: Here, i would consider various decision criterion like Maximax, Maximin, Laplace, Minimax regret,…
Q: Which of the following is NOT a negative effect of rent control? a. Inadequate maintenance b.…
A: c. Misallocation of households to dwellings.
Q: Question 2 of 4 How impactful was high shipping demand on customer questions?
A: Business expansion and growth are significant for the survival of operations and activities. Today,…
Q: which four answers can be gained from conducting a financial feasibility study.
A: Financial Feasibility study or analysis refers to a process of considering all the factors which are…
Q: Calculations: 1. You are valuing a 10-acre vacant lot with a septic system and a well on site. The…
A: Against this establishment, the appraiser is supposed to investigates the characteristics of the…
Q: (a) Draw a decision tree representing the dealer's decision making process. (b) Solve the tree. What…
A: It is given that the dealer can buy paintings at three different costs with a 1/3 probability of…
Q: What are the business ethical issues? What are the professional ethical issues for Flexible’s CPA…
A: Every business runs on profit motive. The public accountants who audit the financial transactions…
Q: What the best suitable model (either you adopt or propose). You will do the following: Suggest a…
A: It is a set of concepts that is the representation of a system. The model helps people understand,…
Q: What does it mean to state that for variance analysis to be effective, it shouldresult in better…
A: Before we get into the question, it's important to understand what variance analysis is. Analysis of…
Q: How many are required materials need for produces the product in NIKE Company? 2- there are any…
A: Nike utilizes many materials to make every one of their items yet there are just six main materials…
Q: You are the project manager for a railroad construction project. Your sponsor has asked you for a…
A: This question is asking you to create a forecast using the estimate to complete (ETC), which uses…
Q: The ________ manages IS services such as help desks, hot lines, training, and consulting. Group of…
A: The ________ manages IS services such as help desks, hot lines, training, and consulting. IS…
Q: How to write a problem formulation?
A: Intelligence is that the ability to assume,learn and act in keeping with a state of affairs and also…
Q: What is a balanced scorecard? What is its primary objective?
A: Balanced scorecard is a strategic management tool by which performance of employees has been…
Q: Consider a one-item survey as follows: Using a scale of 1 – 5 in which 1 = Not as well as I hoped, 2…
A: **Since you have asked multiple questions, we will solve the first question for you. If youwant any…
Q: In what management practice control sheets would be least likely used? Group of answer choices…
A: Management can be explained as the procedure of doing something or dealing with something or…
Q: what is a sales forecast? a. In a manufacturing and distribution company how often shoud the sales…
A: Sales forecast: Sales forecast refers to the process of predicting the future demand of product or…
Q: . Differentiate General Annuity and General Ordinary Annuity? 2. What is a General Ordinary Annuity?…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: Case Study: Read and examine the case thoroughly Decision-making time horizons: a hotel group A…
A: In any company, decision-making plays a crucial role in the growth of the company and it all depends…
Q: What are the requirements for launching a terrific quality team? Identify an issue (actual or…
A: Quality management is the process of managing numerous operations and activities inside a firm to…
Q: What is the purpose of the balanced scorecard?
A: Balanced Scorecard: The Balanced Scorecard is a structure to execute and control procedures. It…
Q: It is summertime and your winter coat factory is trying to decide its production schedule and…
A: Given Information: A coat produced overtime will cost $ 70 Employee cost = $ 2500 per month…
Q: What is sensitivity analysis, and how can it be useful to a decision maker?
A: Sensitivity analysis is the study in which the uncertainty in the output of the model will be…
Q: Explain what is a balanced scorecard and what is its primary objective?
A: A balanced scorecard management tool that is used to determine the efficiency of employees. Managers…
Q: ____________ Human resources planning requires the following steps excepta. using the firm’s…
A: Human resources planning- The continuous procedure of systematic planning ahead to accomplish…
Q: On February 12 Peg Jones, vice president for operations and maintenance, called into Stephen’s…
A: Correlation is a statistic that measures the degree to which two variables move in relation to each…
Q: Why forecasting is vital to operation management?
A: Concept Introduction In operations and supply chain management, forecasting is the first and most…
Q: Ms. Aliya is scanning TV news and political discussions every day for writing her graduation project…
A: Data source is a site or a physical location where the data is originated and is being used from. It…
Q: What exactly is sensitivity analysis, and how does it help a decision maker?
A: Sensitivity analysis is a statistical technique for analysing how the values of an independent…
Q: Achievement test scores in science were recorded for 9 students. A researcher must judge if there…
A: Mood's median test is a very unique case of Pearson's chi-squared test. It is a nonparametric test…
Q: Mr. Karl Lipton is the marketing communications coordinator for a major electronics manufacturer. He…
A: Marketing is to build customers. The customers get influenced by the marketing communications which…
Q: Management is Question 16 options: an art a science both an art and a science none of…
A: Management is a science because of several reasons—it has universally accepted principles.
Q: Defines what words analyse and scenario analysis are meant by.
A: What-if analysis, also known as sensitivity analysis, is a technique for determining possible…
Q: What are models and why are they important?
A: Modeling is highly significant in as a planning tool and widely accepted as an engineering…
Q: Determine if the below researches are applied or basic Example 1: As Chinese consumers grow…
A: The research process can be defined as the process of choosing a problem, gathering information,…
Is the cost volume profit analysis can be applied in service operator companies in making their analysis? Explain.
Step by step
Solved in 2 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Is there a difference between capacity planning strategy and capacity planning technique in operations management?3. What are the contents of a feasibility study? Properly cite your sources1. Base on your own understanding, explain the importance of Feasibility study in designing the food service facility?
- 1. How does long term capacity strategy affect the stability of business organization, give an example of long-term capacity strategy. 2. In opening a restaurant, what might be the kind of forecast you think would be appropriate?The Ranch Development Project was undertaken by two real estate companies in the Colorado high country and several investors from Oklahoma. The idea was to convert the working ranch into a luxury single-family development. The project became known as The Ranch. The average home price was $475,000, and it was not uncommon to have homes valued at more than $1 million. The center of the development was a first-class 18-hole golf course. Green fees could approach $100 per day, depending on services required. Some have claimed that the course is one of the best in Colorado. The Ranch also had a four-star restaurant located in a beautiful and spacious log cabin, which included a fireplace big enough for a 6-foot-tall person to walk into without hitting his head. Other amenities included a heated pool, lighted tennis courts, and a complete workout center. Free shuttle service was provided to the ski slopes a few miles away. To preserve the beauty of the area and to enhance property values,…Describe the major trade offs in capacity planning in operations management ?