Suppose that you are the general manager of a hotel. For which of the following issues would you first seek help from an operations manager in your hotel (Hint: Which of the following problems is in the typical domain of operations management)? a. Our prices (e.g., room charges) seem to be too high as compared to our rival hotels b. Our customers (hotel guests)' complaints are rising due to increased service failures c. We need a new insurance policy due to potential fire hazards in the hotel kitchen d. We are running out of cash due to declining revenues.
Answers
For the given scenario, as the general manager of a hotel, the issue for which you would first seek help from an operations manager in your hotel is option B: Our customers (hotel guests)' complaints are rising due to increased service failures.
Operations management is concerned with the design, planning, and control of the operations and processes within an organization to ensure efficient and effective production of goods and services. Option B directly relates to the operational aspect of the hotel, where service failures are causing customer complaints. This falls within the typical domain of operations management as it involves analyzing and improving the service delivery process, identifying and resolving operational issues, and ensuring customer satisfaction.
While the other options (A, C, and D) are also important considerations, they may fall under the purview of other departments. Option A relates more to pricing and revenue management, which may involve marketing and finance. Option C involves risk management and could involve coordination with the safety or facilities management department. Option D is a financial issue that might be addressed by the finance or accounting department. However, option B directly involves the operations of the hotel and thus requires the expertise of an operations manager to address service failures and improve customer satisfaction.
Option B is the correct answer.
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Related Questions
In determining the optimal level of output, a firm should aim for the...
point where decreasing returns become negative returns
output level where fixed costs exceed variable costs
point of maximum profitability for the company
output level where marginal returns are still increasing
Answers
In figuring out the most appropriate level of output, a firm need to goal for the factor of maximum profitability for the company
financial profit is maximized at the output stage at which the slopes of the overall sales and overall price curves are same, furnished that the firm is covering its variable cost. to use the marginal decision rule in earnings maximization, the company produces the output at which marginal cost equals marginal revenue.The earnings-maximizing choice for a wonderfully competitive firm will arise at the extent of output wherein marginal sales is identical to marginal cost—that is, where MR = MC.
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The optimal level of output for a firm is the point of maximum profitability, which is found where marginal cost equals marginal revenue.
Explanation:In determining the optimal level of output, a firm should aim for the point of maximum profitability for the company. This level is obtained where marginal cost equals marginal revenue (MC=MR). In this situation, the firm maximizes its profits as it is able to sell its output at the highest possible price that exceeds its marginal cost.
Points where decreasing returns become negative or where fixed costs exceed variable costs do not necessarily represent the optimal output level. Similarly, output levels where marginal returns are still increasing may be suboptimal if they are below the level where MC=MR.
A real-world example could be a shoe manufacturing company, they would aim to produce and sell at a level where their cost per shoe (MC) equals the extra revenue from selling an extra shoe (MR) to maximize their profitability.
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Read the following descriptions. Decide who demonstrates good habits and attitudes.
Michael likes his job. He decides to take a few finance classes so that he becomes better at his job. This will also help in case he wants to transfer to a new position in the same company.
Bryan thinks he has the best job. He thinks he is already doing the best he can and doesn't do anything to improve his skills.
Answers
Answer:
Michael demonstrates good habits and attitude
Explanation:
Michael likes his job and takes the initiative to do better so he can get a new position,however Bryan is very cocky and doesn't try to get better.
Critical reading is a
a Theory
b. Process
C. Summarization strategy
d. None of these
Please select the best answer from the choices provided
A
В
C
D
Answers
Answer:C
Explanation:
Answer:
The correct answer for this question is B
what are the three reporting agencies that provide free credit reports to consumers?
Answers
The three reporting agencies that provide free credit reports to consumers are Equifax, Experion and TransUnion.
There are three main credit reporting agencies, or CRAs as they are known colloquially, in the United States. These three firms are Experian, Equifax, and TransUnion. We've had these three primary competitors for nearly 20 years now, despite the fact that the credit reporting process has been around for well over a century.
There are numerous more minor reporting agencies, albeit the three biggest CRAs receive the most of attention. The majority of consumer reporting organizations primarily want to learn more about you, especially your history of credit management. For access to your information when you apply for credit, insurance, rent, utilities, and other services, lenders and other businesses must pay the credit bureaus. Lenders determine if you're likely to be a reliable borrower and make your payments on time in the future by looking at how you've handled credit in the past.
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Which of the following reflects an acceptable yearly developmental goal as identified on an employee’s Individual Development Plan? (Select all that apply.)
improve my listening skills and interpersonal communication.
complete the training to become a master aircraft mechanic.
reconnect with high school friends in similar careers for networking.
enroll in post-graduate courses and complete studies for a master’s degree.
Answers
Answer:
improve my listening skills and interpersonal communication.
enroll in post-graduate courses and complete studies for a master’s degree.
Explanation:
Commingling is mixing the money of the agent and the principal together.
A. True
B. False
Answers
True.
Commingling is the unlawful use of a client's funds by a licensee, often mixing their own funds with the client's.
you learn about different tools and techniques companies use to provide consumers with information about their products and services. use what you learned to explain how technology and media affect the families make about purchasing products and services. Provide at least three examples.
Answers
Explanation:
The internet has revolutionized the relationship between companies and consumers. Currently, the majority of the population has a cell phone that impacted communication and accessibility. Therefore, companies had to adapt and build new strategies for prospecting and retaining customers through insertion in social media, using active relationship marketing that seeks to engage and generate value for their potential audience through social media, in addition to selling online. to make the experience easier for the consumer.
The online presence of companies is able to offer significant advantages to the consumer, such as a greater discount on products offered online, since companies pass on the reduction of fixed costs with a physical store to the prices offered in an online environment.
why planning is important before starting a business?
Answers
Answer:
So you can get ready to know 'how to make your business good'
If you don't plan, then you'll forget to setup something is may be important
Explanation:
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a customer contact center is responsible for? question 12 options: a) administering customer satisfaction surveys b) responding to customer complaints c) reaching out to customers by telephone d) integrating all methods that a customer can use to contact a business
Answers
A customer contact center is responsible for all of the options listed in the question. However, if you are asked to choose the most appropriate answer among them, the best answer would be (d) integrating all methods that a customer can use to contact a business.
A customer contact center is a central point of contact for customers who wish to communicate with a business. It typically provides customer support services such as handling inquiries, resolving complaints, administering surveys, and reaching out to customers by telephone or other means. The primary objective of a customer contact center is to ensure customer satisfaction by providing excellent customer service.
Therefore, while the other options are also responsibilities of a customer contact center, the integration of all customer contact methods is a key responsibility that ties all of the other functions together, creating a seamless and cohesive experience for the customer.
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In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
Where is the main Federal Reserve Bank located?
Answers
please mark me brilliance
A certain construction company is obligated to pay
25.12% on earned wages into Worker's
Compensation insurance.
What is the Worker's Compensation payment on
$25,000 of wages?
Worker's Comp. payment = $ [?]
Answers
If a certain construction company is obligated to pay 25.12% on earned wages into Worker's Compensation insurance. The Worker's Compensation payment on $25,000 of wages is: $6,280.
What is worker compensation payment?Workers' compensation can be defined as a form of insurance that help to provide benefit to people that are injured or had accident in their workplace and this benefit is a form of compensation.
Now let find the worker compensation payment using this formula
Workers' compensation payment = Percentage on earned wages × Wages
Let plug in the formula
Workers' compensation payment = 25.12% × $25,000
Workers' compensation payment = $6,280
Therefore we can conclude that Workers' compensation payment is the amount of $6,280.
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Answer:
If a certain construction company is obligated to pay 25.12% on earned wages into Worker's Compensation insurance. The Worker's Compensation payment on $25,000 of wages is: $6,280.
Explanation:
Most students don't consider that they'll end up paying far more than the original amount they borrowed on their student loans because of
Answers
Answer:interest rates
Explanation:
The longer you have to pay off the more interest adds up
G next year, exxon mobil will pay a dividend of $3. 13 per share. Historically, exxon mobil's dividends have grown 4% per year. If the expected return for exxon mobil is 7%, what is a fair value for a share of exxon mobil?
Answers
To determine the fair value of a share of Exxon Mobil, we can use the dividend discount model (DDM) which considers the expected dividends and the expected return.
The formula for the fair value of a share using the DDM is:
Fair Value = Dividend / (Expected Return - Dividend Growth Rate)
Given:
Dividend (D₀) = $3.13 per share
Dividend Growth Rate (g) = 4% = 0.04
Expected Return (r) = 7% = 0.07
Substituting the values into the formula:
Fair Value = $3.13 / (0.07 - 0.04)
Fair Value = $3.13 / 0.03
Fair Value = $104.33
Therefore, based on the given information and using the dividend discount model, the fair value for a share of Exxon Mobil is approximately $104.33. This suggests that a fair price for the share should be around $104.33 to align with the expected return and dividend growth rate.
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A company provides a sales allowance to a customer. How does this affect the company's income statement?A) the allowance is not shown on the income statementB) gross sales are reduced by the amount of the allowanceC) the allowance is included in operating expensesD) the allowance is included in cost of goods sold
Answers
The sales allowance will make a gross sales are reduced by the amount of the allowance. The correct answer is B) gross sales are reduced by the amount of the allowance.
When a company provides a sales allowance to a customer, this is typically recorded as a reduction in gross sales on the company's income statement. This is because the allowance effectively reduces the amount of revenue that the company is able to recognize from the sale. As a result, the company's gross sales are reduced by the amount of the allowance, which will also have an impact on the company's net income.
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Nougat Corporation wants to raise $4.7 million via a rights offering. The company currently has 530,000 shares of common stock outstanding that sell for $48 per share. Its underwriter has set a subscription price of $23 per share and will charge the company a spread of 5 percent. If you currently own 6,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
The investor can sell his rights for $76,500. Thus, this is how much money the investor can get by selling his rights.A rights offering is an offering of new shares to a corporation's existing shareholders in proportion to their existing holdings in order to raise money.
The aim of this question is to figure out how much money an investor can get by selling his rights. Let's begin:Since the company intends to raise $4.7 million, it must provide existing stockholders with an incentive to invest. They will do so by offering existing stockholders the opportunity to purchase 1 new share for every 4 existing shares.
With 530,000 shares outstanding, the company can issue (530,000/4) 132,500 new shares. Since the subscription price is $23 per share, the company will raise (132,500 x 23) $3,047,500. The underwriter's fee will be 5% of $3,047,500, or $152,375. The total amount raised by the company will be $3,047,500 - $152,375 = $2,895,125.
The rights value per share can be calculated using the following formula:Rights Value = (Stock Price - Subscription Price) / (1 + Rights-to-Subscribe) = ($48 - $23) / (1 + (1/4)) = $12.75Since the rights are selling for $12.75, the value of 6,000 rights is:6,000 x $12.75 = $76,500.
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When people come to your website based on their own actions, where you have not paid for the link is
Answers
When people come to your website based on their own actions, where you have not paid for the link is organic link, also called an unpaid search.
What is organic link?This refers to a link from one's website to another website. It is what connects two different website or blogs together.
It is to be noted that organic links go to websites that didn't pay other sites to display them
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write a short notes on Kathmandu university??pleasssee helllppp mee.
Answers
Answer:
Kathmandu University (KU) is an autonomous, not-for-profit, self-funding public institution established by an Act of Parliament in December 1991. It is an institution of higher learning dedicated to maintaining the standard of academic excellence in various classical and professional disciplines. Its main objective is to become a world-class university devoted to bringing knowledge and technology to the service of mankind.
Explanation:
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mr. and mrs. williams hope to send their son to college in fourteen years. how much money should they invest now at an interest rate of 9.5% per year, compounded continuously, in order to be able to contribute $8500 to his education?
Answers
Answer:
$11305
Explanation:
Formula; Principal x Rate x Time
P; 8500 R; 9.5% T; 14
Equation; 8500 x 9.5% x 14
Final Answer; 8500 x 9.5% x 14 = $11305
mel oversees the marketing department of a company and is responsible for all the activities and tasks related to this department. in the context of strategic management, this person is considered a:
Answers
Within context of strategic management, the person who oversees marketing department is considered a marketing manager.They are responsible for formulating and implementing marketing strategies, analyzing market trends, coordinating with other departments, setting objectives
In the context of strategic management, a person who oversees the marketing department of a company and is responsible for all the activities and tasks related to this department is considered a marketing manager. The marketing manager plays a crucial role in the strategic management process by formulating and implementing marketing strategies that align with the overall goals and objectives of the organization.
As a marketing manager, Mel is responsible for analyzing market trends and consumer behavior to identify opportunities and challenges. This includes conducting market research, competitor analysis, and customer segmentation to develop targeted marketing campaigns. Mel also collaborates with other departments such as sales, product development, and finance to ensure effective coordination and integration of marketing efforts.
Furthermore, the marketing manager is responsible for setting marketing objectives, determining marketing budgets, and allocating resources accordingly. They develop pricing strategies, promotional plans, and distribution channels to effectively position the company's products or services in the market. Mel also monitors and evaluates the performance of marketing activities through key performance indicators (KPIs) and adjusts strategies as needed.
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Why is it common for producers of services to sell through short distribution channels directly to the end user
Answers
Answer: “The people providing the service often fo so by interacting directly with the user”
Explanation: just took the quiz
Answer: B. The people providing the service often fo so by interacting directly with the user
Explanation: I just took the quiz and the answer was correct
what are some examples of successful tech startup founders that did not attend a first-tier university for either undergrad or grad school?
Answers
However, there are very successful tech leaders who never attended college, such Bill Gates and Mark Zuckerberg, who founded multibillion-dollar businesses.
What makes a good tech founder?The entrepreneurs who have the most sustained success with their startups will share a few traits in common. Vision, passion, the capacity to form effective teams, the capacity to maintain focus, the desire to ask for what is required, humility, and perseverance are among these qualities.The success of a new enterprise is predicted by startup experience, product knowledge, and industry capabilities.Six Essentials for Every Great Startup Founder
Seeing. Grit and Determination. Great founders need a vision for where they want to take their business. Starting and maintaining a business is frequently a very difficult journey. Coachability. The Ability to Recruit and Inspire. #6 An "Unfair" Advantage.To learn more about good tech founder refer to:
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What is iatrogenic anemia? How do you prevent it?
Answers
They can be prevented by using of small collection tube, allowing stable patients to carry out the laboratory test and sharing of specimen in the laboratory
What is iatrogenic anemia?This is a condition of lowered hematocrit and hemoglobin count resulting from frequent removal of blood samples needed for testing purpose in the laboratory.
They can be prevented by carrying out the following:
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A perfectly competitive market is in long-run equilibrium. It is allocatively efficient if the government intervenes to correct for any possible undesirable outcomes the marginal social cost equals the marginal social benefit for the last unit produced the average total cost equals the marginal cost and marginal revenue Othere are low barriers to entry into the market costs outside the market equal costs inside the market MSC MPC Price ($) MSB = MPB Q, Q, Quantity At which of the following price and quantity levels would the unregulated market clear? OP and Q1 OP1 and Q2 OP2 and Q1 OP2 and Q2 Indeterminate Which of the following accurately describes what makes a monopolistically competitive market allocatively inefficient? Private businesses have a price in excess of their marginal cost of production. Production occurs where the average total cost is not at its minimum. Short-run profits still diminish to normal profits in the long run, forcing some firms out of the market. O Long-run supernormal profits inadequately incentivize entrepreneurship and innovation. Firms are unable to charge the equilibrium price, leading to deadweight loss.
Answers
The unregulated market in a perfectly competitive market will clear at the price and quantity level of OP1 and Q1. In monopolistically competitive markets, the inability to charge the equilibrium price leads to allocative inefficiency and deadweight loss.
In a perfectly competitive market, the market reaches long-run equilibrium when the price (P) is equal to the marginal cost (MC) and the average total cost (ATC). This ensures that resources are allocated efficiently, and there is no incentive for firms to enter or exit the market.
Allocative efficiency occurs when the marginal social cost (MSC) equals the marginal social benefit (MSB). In a perfectly competitive market, the marginal cost represents the marginal social cost, and the price represents the marginal social benefit. Therefore, at the equilibrium price (OP1), the marginal social cost (MSC) is equal to the marginal social benefit (MSB), and the market is allocatively efficient.
Regarding the second part of the question about monopolistically competitive markets, the statement "Production occurs where the average total cost is not at its minimum" accurately describes what makes a monopolistically competitive market allocatively inefficient. In monopolistically competitive markets, firms have some market power and can set prices above their marginal cost, leading to a markup over the efficient level of output. This results in allocative inefficiency and a deadweight loss.
In a perfectly competitive market, the unregulated market clears at the price and quantity level of OP1 and Q1. This represents the long-run equilibrium where marginal cost equals the price, and the market is allocatively efficient. In monopolistically competitive markets, the inability to charge the equilibrium price leads to allocative inefficiency and deadweight loss.
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Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answers
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?
Answers
Answer: $6.96
Explanation:
Weekly earning = $480
Medicare tax rate = 1.45%
1.45% = (1.45/100) = 0.0145
Medicare contribution = Medicare tax rate × weekly earning
Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96
The employees weekly contribution that is apportioned for Medicare is $6.96
Answer:
$7.10 USD
Explanation:
If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.
1.48 / 100 = 0.0148
Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480
480 * 0.0148 = 7.104
Therefore we can see that $7.10 USD goes to medicate this week.
Coca-cola is an example of a ___________ company because it tailors its approaches and strategies to different locales.
Answers
Coca-cola is an example of a Multinational Corporation (MNC) company because it tailors its approaches and strategies to different locales.
A multinational corporation (MNC) is a corporation or a company that operates in more than one country, often with a centralized head office where they coordinate global management.
Coca-Cola is an example of a multinational corporation as it operates in over 200 countries, with a decentralized approach to management, and tailors its approaches and strategies to different locales to cater to the cultural diversity, political regulations, and economic conditions in those countries.
Utilizing the same customer base and business opportunities as rivals, multi-domestic strategies enable businesses to compete with other local brands in another nation.
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Ken deposits $200 in a savings account with a 1% interest rate per year. If ken makes no other deposit in this account, approximately how much interest will he earn in 5 years?.
Answers
Based on the amount Ken deposited, the period of compounding, and the interest, the interest earned would be $10.20.
Account balance in 5 yearsThis can be found as:
= Amount x (1 + rate) ^ number of periods
= 200 x (1 + 1%)⁵
= $210.20
Interest earned= Balance after 5 years - Amount invested
= 210.20 - 200
= $10.20
In conclusion, the interest was $10.20
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A grinding process has an upper specification of 1.789 inches and a lower specification of 1.651 inches. A sample of parts had a mean of 1.72 inches with a standard deviaiton of 0.022 inches.
What Standard deviation will be needed to achieve a process capability index of 2.0?
Answers
A grinding process has an upper specification of 1.789 inches and a lower specification of 1.651 inches. A sample of parts had a mean of 1.72 inches with a standard deviation of 0.022 inches.
So, 0.0115 inches standard deviation will be needed to achieve a process capability index of 2.0.
To achieve a process capability index (Cpk) of 2.0, you need to adjust the standard deviation of the grinding process. Cpk is calculated using the following formula:
Cpk = min(USL - μ, μ - LSL) / (3 * σ)
Where:
Cpk = process capability index
USL = upper specification limit (1.789 inches)
LSL = lower specification limit (1.651 inches)
μ = mean of the process (1.72 inches)
σ = standard deviation of the process
You are given the target Cpk value (2.0) and need to find the required standard deviation (σ). Rearranging the formula and solving for σ:
σ = min(USL - μ, μ - LSL) / (3 * Cpk)
Since the mean (1.72) is closer to the lower specification limit (1.651), the minimum value in the formula will be (μ - LSL). Plugging in the values:
σ = (1.72 - 1.651) / (3 * 2.0)
σ = 0.069 / 6
σ ≈ 0.0115 inches
So, to achieve a process capability index of 2.0, the required standard deviation is approximately 0.0115 inches.
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adrienne received an e-mail notification from target telling her that her housewares merchandise order had been processed and dispatched. adrienne received a(n)
Answers
Adrienne received an e-mail notification from target telling her that her housewares merchandise order had been processed and dispatched. Adrienne received an advanced shipping notice.
What is intended by a shipment notification in advance?An electronic data interchange (EDI) communication called an advanced shipment notice (ASN) is sent from the shipper to the receiver before the cargo leaves the shipper's facility. Complete details regarding the package's contents and transportation are included in the message.
Who is in charge of communicating the shipment notice in advance?In order to inform the retailer that the order they placed is now en route to the specified delivery address, the vendor sends an ASN to the retailer. If an order is shipped to a store, a distribution center, or straight to a consumer, the retailer can use the ASN for improved order and inventory visibility.
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