Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 9, Problem 6P
Summary Introduction
Interpretation: Whether a sales representative or a sales agent has a greater authority is to be determined.
Concept Introduction: Sales agent is a self employed person who sells goods of different brands. It is a mediocre between buyers and sellers.
Sales representative is an appointed person of an organization who sells goods for a single company.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What do the statement mean?
The following data was gathered during one of the recent audits of Cash Disbursement Section. One of the findings was on the outdated Delegation of Authority to policy. In preparing a report of the findings, identify the elements of an audit findings for each data (in order).
1. The delegation authority is updated biannually and not when changes in personnel or
responsibilities of authorized individuals occur. 2. The delegation of authority policy list three individuals who are no longer with the
company. Additionally, four individuals were identified who are new in their positions that should have disbursement authority, but are not listed in the policy.
3. Disbursements may be made that are not in accordance with management's or BOD's direction.
4. Authority over the disbursement of funds should only be delegated to individuals whose responsibility justify such authority.
O Cause, Effect, Condition, Criteria
O Condition, Effect, Cause, Criteria
O Cause, Condition, Effect,…
How does the outsourcing of website development impact a company's control over the project and its final outcome?
Chapter 9 Solutions
Practical Operations Management
Ch. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6P
Ch. 9 - Prob. 7PCh. 9 - Prob. 8PCh. 9 - Prob. 9PCh. 9 - Prob. 10PCh. 9 - Prob. 11PCh. 9 - Prob. 12PCh. 9 - Prob. 13PCh. 9 - Prob. 14PCh. 9 - Prob. 15PCh. 9 - Prob. 16PCh. 9 - Prob. 17PCh. 9 - Prob. 18PCh. 9 - Prob. 19PCh. 9 - Prob. 20PCh. 9 - Prob. 21PCh. 9 - Prob. 22PCh. 9 - Prob. 23PCh. 9 - Prob. 24PCh. 9 - Prob. 1.1QCh. 9 - Prob. 1.2QCh. 9 - Prob. 1.3QCh. 9 - Prob. 2.1QCh. 9 - Prob. 2.2QCh. 9 - Prob. 2.3QCh. 9 - Prob. 2.4QCh. 9 - Prob. 2.5QCh. 9 - Prob. 3.1QCh. 9 - Prob. 3.2QCh. 9 - Prob. 3.3Q
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Explain the organization’s mission. Provide its mission statement or create one if necessaryarrow_forwardPlease do not give solution in image format thanku Read the Chapter 7 Mini Case: Cementing a Merger of Equals between Lafarge and Holcim Has Been Difficult and answer the following questions: 1. Of the “Reasons for Acquisitions” discussed in the chapter, which reasons are the primary drivers of Lafarge-Holcim merger strategy? 2. Given that there have been performance difficulties of this “merger of equals,” which of the “Problems in Achieving Acquisition Success” do you believe have most likely affected this deal?. 3. The new CEO, Jan Jenisch, has undertaken a restructuring strategy. Why do you think the market reacted negatively to this plan? 4. What would you suggest the firm do to improve it restructuring plan and ultimately its poor performance?arrow_forwardQ1. For the below mentioned forms of ownership, a) Identify and describe the nature of ownership. b) What are the benefits of doing business using these forms of ownership? c) Give two examples for each of the following : Strategic Alliance Joint venture Licensing Agreement Basic export and import operationarrow_forward
- We have not been informed of Shady Company's mission statement or code of ethics with Start Talking, would you agree this type of transaction would violate it?arrow_forward1. What is agents. 2. What is distributors. 3. What is management contracts.arrow_forwardTo qualify as a B corporation, a business must be certified by a state government agency? True or Falsearrow_forward
- Several months ago, Amanda Potter became a trustee of Breakthrough, a UK charity that supports educational and cultural initiatives for underprivileged children. Potter was invited to join the board of trustees by the board chairman, a long-time friend. In the time since her appointment, Potter has begun to learn about the activities of the charity; however, there are still aspects of operations and funding about which she is not altogether clear. There is some disagreement between trustees about whether the main area of activity for the charity should be educational or whether it should focus more on cultural activities. The board of trustees has met only twice since her appointment, and Potter now understands that many of the policy decisions are made by the chief executive of the organisation and his small management team. Since her appointment, Potter feels that she has done very little as a trustee. She is also annoyed that she has twice been asked to find individuals or companies…arrow_forwardYou are a leading builder of the city running your business in the form a company. The city’s municipal corporation has invited tenders from business houses for the construction of the largest flyover of the city. You are eligible for the tender and have the technical capabilities but the amount of security deposit as well as the cost of construction of the flyover is too high and you are not ready to take such a huge risk. You have other competitors in the market who are planning for the tender but are also apprehensive because of the huge risk involved. Please answer the following questions in view of this situation: (a) What do you mean by Joint Venture? (b) What are the reasons behind formation of joint ventures?arrow_forwardDirection: Respond to the following questions with your personal insights, relate the concepts in Business laws, and answer the following questions. 1. Case study on Buyer’s breach You have ordered expensive Bisazza marble for your new house. After giving 50% advance you realized that you can get cheaper materials from another person. The materials are packed and about to be delivered, but you don’t want to pay balance. a) Analyze buyer’s breach from the above case. b) How the seller will protect himself as the materials are packed.arrow_forward
- Your organization has a web site used for advertising your products or services around the world. The site is used only for disseminating information about your organization and its mission. What requirements (if any) should be in place regarding confidentiality, integrity, and availability?arrow_forward129) What can late movers do to capture market share once the early mover has established its brand in the industry? a) The late mover can advertise more frequently and extensively than the incumbent firm b) The late mover can produce a superior product to that of the incumbent firm c) The late mover can acquire or merge with the incumbent firm d) A and B e) A and B and Carrow_forwarda. What business was LaVista Lottery in? b. What is keno? c. Was this a profitable business? d. So what was the problem? e. Did Bellino discuss his concerns with Anderson? f. What did he do? g. Is there anything wrong with that? h. What is the point of this doctrine? i. But both Bellino and Anderson had a chance to bid on the keno contract. Didn’t they both have the same opportunity? Richard Bellino and Robert Anderson formed LaVista Lottery, Inc. (Lottery) to operate a restaurant, lounge, and keno game in LaVista, Nevada. They each owned 50 percent of the stock of Lottery, and both were officers and directors. Over the next nine years, the Lottery company grossed more than $100 million. Bellino and Anderson each received over $4 million in salary and dividends. Bellino spent more time than Anderson working for the company, in part, because of his personal relationship with Lottery’s lounge manager. Frustrated by Anderson’s unequal contribution, Bellino encouraged the…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.