Describe any five risks that small businesses are exposed to in their operations.
Q: ommunicate their ethical principles in a variety of ways: through the behaviour of their leaders, in…
A: Here considering the "Health care organization" for communication of their ethical principles…
Q: At a ride in an amusement park, customers form a line to wait for their turn to get a ride. Only one…
A: Operations management is all about overseeing the activities related to the manufacturing of goods…
Q: Using and a shipping quantity of is the lowest cost alternative, with annual total costs to Eight…
A: Annual Demand (D) = 30,000 gallonsNumber of weeks = 50 weeksWeekly Demand (d) = 30,000/50 = 600…
Q: What can you say about a queue that is Ek/M/3/PR/200/infinity?
A: A queue is a line of people or vehicles waiting for something, such as a bus or a movie theater…
Q: Select the statement which is correct regarding process mapping. a.) Process mapping is an…
A: Process mapping - is a mechanism that graphically illustrates the inputs, activities, & outputs…
Q: Stivation give
A: One of the most crucial aspects of every company is to provide a work environment that stimulates…
Q: What is the difference between for profit and non-profit organizations?
A: Profit Organization A profit organization is any commercial entity whose principal goal is to…
Q: نن فم a. - Identify and describe the decision variables for this LP problem. -Mathematically state…
A: Linear programming is a technique to reach the solution of maximum profit or lowest cost by using a…
Q: Assume that you buy a 1-year, 210,000-peso Philippine bond that pays 7 percent when the exchange…
A: The detailed solution is given in Step 2.
Q: A contract of sale is distinct from other types of contracts because it has two additional…
A: A contract of a sale is different from normal contracts as in this contract the buyer and seller…
Q: Anne Hathawayy is a data analyst at a marketing company who is responsible for providing support to…
A: Management support system helps the management to take important decision and make appropriate…
Q: Hi there can you please assist on the following questions below You have been recently appointed as…
A: Insourcing (In house) is the process of providing or making goods & services on behalf of the…
Q: Comparing the Working at Google video and Google’s Core Values, how did Google concretely apply…
A: Core Values of a company states the visibly clear concept about the organization’s vision,…
Q: Calculate ES, EF, LS, LF and slack for the following: Activity Task Predecessor Duration A Policies…
A: Given data is
Q: Spencer Enterprises is attempting to choose among a series of new investment alternatives. The…
A: Let, x1= Limited Ware house expansion (1 if it is selected, 0 otherwise)x2= Extensive Ware house…
Q: Q2. Discuss different types of Operations Strategies and different types of production strategies…
A: A business operations strategy is defined as a process of decision making which would shape the long…
Q: Give three reasons why a lean business canvas is a useful tool for social entrepreneurs
A: Lean Canvas is an arranging technique that assists you with getting to the core of your thought. It…
Q: Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to…
A: Total annual cost TC = Material costs + Freight cost + Inventory cost + administrative costs…
Q: The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4…
A: Find the Given details below: Given details: Month 1 Month 2 Month 3 Month 4 Demand 2000…
Q: 分站层和66 6665 aus of Sha合合花
A: Organizational objectives are described as the medium-term and short-term goals that are sought…
Q: Differentiate how the e-commerce sector is before and after the implementation of enterprise…
A: The enterprise resource planning is taking a significant role in the supply chain management, It…
Q: 2.Which of the following changes would NOT result in an outward shift of a country’s production…
A: Production possibility frontier refers to the graphical presentation of two or more goods which can…
Q: Lancelot plc uses a certain material named “LANCE” in manufacturing its products. The materials are…
A: Economic order quantity is the optimal order quantity that a company need to purchase so that annual…
Q: wing questions: - Identify and describe the decisi - Mathematically state and expla Mathematically…
A:
Q: *Show the complete solution. I. PROBLEM-SOLVING In order to enhance their overall service…
A: Given, Arrival rate,λ =30 per hour= 30÷60 =0.5 customers per minute Service rate, μ = 1 order or…
Q: The flew House needs to decide which of two coffee maker designes is better environmentally. Using…
A: To determine the model has a better design alternative, by which model shows more revenue retrieval…
Q: Your supervisor wants you to work overtime every week, but you have other commitments outside of…
A: Overtime refers to a condition in which the employee performs extra hours than their usual hours of…
Q: Question 40 A company buys medium grade carpet in 100-foot rolls. The average number of defects per…
A: Given data: The average number of defectts per roll ( λ ) = 1.8 The formula for the Poisson…
Q: For a business firm, what type of activities does financial management involve?
A: Financial Management:- Financial management is an important aspect of running any type of business,…
Q: (a) What is the ideal value? i. ii. (10, 10, 10, 10, 10, 10) (10, 10, 10, 0, 10, 10) (10, 10, 10,…
A: Here, we could see that there are six criteria and three communities, There are two kinds of…
Q: The Biggs Department Store chain has hired an advertising firm to determine the types and amount of…
A: Based on the given data we formulate the problem as given below
Q: What is the difference between simple moving average and weighted moving average?
A: Simple moving average refers to addition of data and them diving it by the number of period and the…
Q: What role does technology play in healthcare advancement and fiscal responsibility?
A: Technology: Technology is the application of scientific knowledge to the practical goals of human…
Q: How have presidents used their position to increase the power of the office?
A: Top-level management is generally known as top-level management. It generally comprises senior-level…
Q: for four factors that your organisation should assess before to (or during) computer hardware…
A: Computers, software, and service procurement The policy aims to outline a method for new and…
Q: What can you say about a queue that is E_k/ M/3/PR/200/∞
A: It is a queuing model. Here the appearances follow a Poisson cycle, administration time follows an…
Q: Which of the following statements about requested changes is true? a. They are processed for review…
A: Change request are the request by an individual,employee or any of the person who has requested to…
Q: 1. Develop a 5-month moving average for the below given. What will be the forecast month 15? Compute…
A: Moving average forecast is the method of forecast wherein the average of previous periods is taken…
Q: Identify different options for reducing the costs of a project and discuss.
A: Project cost is the cost incurred by using different resources and materials throughout the project…
Q: In a Lean approach to supply chains, product (material) in storage is considered Waste. True False
A: Inventory is the raw materials or resources and finished products that are stored in the storage…
Q: Compare and contrast the Market-Based economic system vs. the Collective-Ownership system.
A: Market based economies utilize private ownership for the production and voluntary…
Q: The EU has made changes in airline regulation that dramatically affect major European carriers such…
A: a) note: zoom in for clear image City Italy France Germany Factor Weight Milan Rome…
Q: Max availability per day 300 500 450 70 80 Item input (in units) to make one unit of Item A B с D E…
A: CAse 1 - as is basis note: since items cannot be made in decimals, we have set a integer…
Q: What factors contribute to the expansion of the scope of an IT project?
A: Project scope is the one major parameter of undertaking arranging that includes deciding and…
Q: firm and the project at hand? What are the advantages and disadvantages of SPI?
A: Schedule Performance Index (SPI)
Q: Spencer Enterprises is attempting to choose among a series of new investment alternatives. The…
A:
Q: A&B Transport Co. is a company that manages a food supply chain. The problem involves the delivery…
A: From the given sensitivity report, the following transportation solution table can be derived.…
Q: 3. Assign trucks to delivery routes so that total costs are minimized, given the cost data shown.…
A:
Q: How can you define virtual organization? What are the ways that you can establish a virtual…
A: 1. Virtual organisations have been around for a long time, but in the last year or so, almost the…
QUESTION 2
a. Describe any five risks that small businesses are exposed to in their operations.
Step by step
Solved in 2 steps
- Opinion to this statement “If we don’t know what Risk is? We can’t do Risk management”Question 2 WYZ Ltd. is a manufacturing company incorporated in Ghana under the Companies Act of 2019, Act 992. After successfully conducting their external and internal audits, the company formulated and implemented some of the best strategic moves in the manufacturing industry. However, several factors hampered the delivery of the desired outcomes and the company continued to struggle with their competitiveness for several years. Required: As a Strategist, examine and recommend five (5) management and marketing issues that could be responsible for the firm's inability to successfully implement their strategies and meet strategy expectations.QUESTION 1Takyiwaa, Salamatu and Adade are Undergraduate Students from the University of Professional Studies who studied Management of Small and Medium Enterprise. After their National Service they decided to start a Restaurant Business. The overarching purpose for opening a Restaurant, was to be the second to none producers of Quality service in the Restaurant Business in Accra and respect for the customer. Starting a business of like nature is time consuming and full of uncertainty in view of the risk involved. Takyiwaa, Salamatu and Adade have been in the same class since Level 100 and they have the belief that, the future of the business they are about to start, its success and failure is within their control and that external influence has a very little control.They had a meeting and agreed that it is important to systematically gather information and analyze these information concerning other Restaurants Business trends and activities within Accra, in order to further their…
- Question 1Winter Blues is a company that specializes in the sales of Wedding Dresses to individuals and companies. Winter Blues year end is 30 June 2021. The audit manager has tasked you with reviewing their computer system. Background Information The business was started in 2010 by Mirram Mulwanda as a small boutique. Over the years multiple stores were opened across Namibia. It has been Namibia’s dream to grow the business and sell to all the provinces of Namibia. In 2015 the sales clerk suggested to Mirram to introduce selling via the internet through Instragram Boutique System. That way she will grow her market by reaching her customers wherever they are. Mirriam tasked the IT department with the development of Instragram Boutique System in as she was not comfortable with purchasing a Computerized System. Additional Information regarding the business operations Ordering of goods is done by Mirriam the order clerk using a terminal that has been allocated to her. Orders are received…Question 5 You are receiving an shipment and come across a box of shaving cream. What should you do? Please choose all that apply. Receive the shaving cream Raise an Andon Secure it well with bubble wrap after scanning it in Note is as Flammable on your workstation Submit 29°C SunnyQuestion 18 The study of operations management is A.Design, operation and improvement of productive systems B.A sequence of activities across organizations that are involved in producing and delivering a product or service C.A series of activities from suppliers to customers that add value to a product or service D.The identifcation of and elimination of activities from suppliers to customers that do not add value Question 21 TRUE OR FALSE Businesses that use Just in Time (JlT) purchasing consider purchase price to be the only cost Question 25 Supply chain management is the study of A.Material flows, information flow and financial flows across organisations B.Material flows, information flow and fnancial flows within organisations C.Suppliers involved in getting goods or services to market D.The measure of costs across organisations to determine the customer selling price
- Question 5 You are receiving an shipment and come across a box of shaving cream. What should you do? Please choose all that apply. Receive the shaving cream Raise an Andon CSecure it well with bubble wrap after scanning it in O Note is as Flammable on your workstation SubmitOperations Management CH 3 QUESTION 22 Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR QUANTITY (UNITS) QUARTER THIS YEAR QUANTITY (UNITS) I 12 I 16 II 18 II 24 III 26 III 28 IV 16 IV 18 a) Find a line using regression in Excel. Note: Round your answers to 3 decimal places. y = ________ + ________ t b)Find the trend and seasonal indexes. Note: Round your answers to 3 decimal places. Period Trend Forecast Seasonal Factors Last Year I Last Year II Last Year III Last Year IV This Year I This Year II This Year III This Year IV This is left blank This is left blank This is left blank c) Forecast sales for next year. Note: Round your answers to 2 decimal places. Period Forecast (Units) Next Year I Next…QUESTION THREE (3) SOKOI Group has been involved in the production and distribution of shoes and an assortment of leather products for over 25 years. SOKOI Group has recently decided to diversify its business portfolio and have invested about $2million dollars in the establishment of a modern hospital and health centre known as the SOKOI Medical Centre. As the Business Development consultant of this new hospital, explain to the management of SOKOI Group four (4) ways in which the shoes business differs from the hospital and healthcare business. Describe four (4) unique strategies you shall adopt in ensuring the operational success of SOKOI Medical Centre.
- Question 2: Write a note on financial risks with examples.QUESTION 2 Searching for ways to cut costs and increase profit, one of the industrial engineers at Home Comfort Furniture Manufacturers, Inc. determined that the equivalent annual worth of an existing machine over its remaining useful life of 2 years is $-65,000 per year. The IE also determined that used machines like the one currently in use are not available any longer, but the defender can be replaced with a challenger that is more advanced. It will have an AW of $-78,550 if it is kept for 2 years or less, $-72,075 if it is kept between 3 and 4 years, and $-65,000 if it is kept for 5 to 10 years. If the company uses a specified 3-year planning horizon and an interest rate of 14% per year. Using Replacement Study, select: a. Replace now with challenger for all 3 years b. Keep the defender for 2 years and then replace it with the challenger for 1 year c. Keep the defender for 1 years and then replace it with the challenger for 2 yearsQuestion 3 A company BioProd Itd. manufactures components for a ventilator unit used in the medical field. Their annual production volumes are in the range of 1400 to 1600 products. a) Due to the current COVID-19 situation the sales forecast has increased to 5000 products in the next few months. Figure 3 shows their current manufacturing system and process flow for one of the aluminium components which are machined for the ventilator. How would you change the production system to deal with the increased production quantity? Assume that all the current factory operations are done manually. State any additional assumptions you may require to take in order to implement your solution.