Operations Strategy Question: Which of the following is not a component of the production process? a) Inputs b) Outputs c) Operations strategy d) Transformation process
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- Question 17 The production period in which at least one input is fixed in quantity is the production run. long run. short run. planning horizon.Lesson 7- Production Question 4Why would labor be treated as a variable cost? Question 24 options: they are costs incurred in the act of producing that will decrease with quantity produced they are made before production starts and vary according to the specific line of business labor costs are an input cost that firms are unable to change in the short run producing larger quantities of a good or service generally requires more worker
- QUESTION 1: Calculate a plant's total cost for every day in the data, in dollars. Total cost is defined as: total_cost = total_raw_materials_cost + total_operating_cost + total_labor_cost. Which plant is the most expensive to operate, and what is the cost to operate the plant? QUESTION 2: Which cost source (or combination of sources) makes up the majority of a plants total expenditures? raw material, labor, operating, or no cost is consistently the majority of total cost across plants QUESTION 3: Calculate cost efficiency, defined as how much money is spent to produce 1 pound of release ease (i.e. total production/cost). Which plant is the least cost efficient, in lbs of release ease produced per dollar spent? What is the daily average efficiency for the plant that is most efficient? link to excel data:https://docs.google.com/spreadsheets/d/1PM9rh2DnEdKQqCjJM1cmVjcP7_YSdA0y/edit?usp=sharing&ouid=109691244462343090665&rtpof=true&sd=true1. Smaller firms generally enjoy economies of scale as they expand because: a. they are able to spread capital overhead costs when more output is produced. b. average cost tends to increase as more output is produced. c. at least one input is held fixed as the firm expands. d. worker productivity falls due to monitoring and communication problems.SUBJECT: MANAGERIAL ECONOMICS COURSE CODE: BEC 101 I'VE ALREADY ANSWER NUMBER 1. ANSWER NUMBER 2 AND 3 ONLY
- Which of the following goals are concerned with creating and maintaining employee and customer satisfaction and social responsibility. Select one: a. noneconomic b. economic c. public relations d. welfareQuestion 3 If a firm is able to double output when it doubles input, it has... Group of answer choices diminishing marginal product increasing returns to scale constant returns to scale decreasing returns to scaleWhat is the relation between fixed costs and total costs? Question 5 options: Two of the other answers are correct Fixed costs are always smaller than total costs assuming variable costs are non zero There is no relation Fixed costs = total costs - variable costs
- Question 24.24 Variable costs are sunk costs. costs that change every day. costs that change with the level of production. the change in total cost due to the production of an additional unit of output.1. The field of Human Resource includes four basic tenets: these are employeeacquisition, training and development, performance management and finallycompensation management. Depending on your personal area of interest, develop aresearch problem with a handful of variables from the above-mentioned broadtopics, and formulate it into a set of interesting research questions of your choice. 2. Conduct a focused review of the literature concerning the topic, in line with theseresearch questions, and use it to produce a visual model that could be tested. 3. Clearly stipulate what your hypotheses might be. You only need to state the ‘alternative’ hypotheses. 4. With your topic and model in mind, identify and then justify your chosen research methodology (i.e., qualitative versus quantitative, but also experiments versus questionnaires). 5. Design an appropriate questionnaire to address the research questions and discuss the factors that have been deliberately considered while designing the…Question 5 The measure of the cost of a particular good in terms of what is given up to produce that good is called an explicit cost. an opportunity cost. a necessary cost. a dollar cost. a fixed cost.