production entails which of the following?
Fordism is a term widely used to describe (1) the system of mass production that was pioneered by the Ford Motor Company or (2) the typical postwar mode of economic growth and its associated political and social order in … O A. number of cars with a hi-fi stereo system to produce O B. number of green cars to produce O C. total number of cars to produce D. number of two-door vs, four-door cars to produce O E, B, C. and D environment provided by the server computer where you will run your website for external consumption & The cost of providing the information must be considered in the light of the benefits received from the information. This type of production is most commonly observed when you produce one single unit of a product. Which of the following actions is likely to have the highest initial cost in terms of its impact on other parts of the organization? 38) Which of the following strategies entails giving most of the value to the customer and keeping a small margin? K = Capital. (1) Human resources includes: employees and their skills involved in the production process 4. Terms Variable inputs are those items that __________________. Select the correct answer below O distribution of goods .O sales O manufacturing O all of the above FEEDBACK Question2 The table below shows the total revenue (TR) and total cost (TC) for the Sunshine Company. 15. c. Yield management is a way of manipulating product or service demand. [ANSWER] 18. A typical example of the same will be tailored outfits which are made just for you or a cake which is made just like you want it. (4), 8.4. Matto. As the Planning of the work is done before it’s starting, so all the process running smoothly and complete at a fix time. firm producing in the short factors of production. e. resource costs to distribution channels. B. It is increased by 100 percent. 8.1. The third step of 5S is Shine, or “seiso,” which means “cleanliness.” While the first and second steps cleared up space and arranged the area for efficiency, this step attacks the dirt and grime that inevitably builds up underneath the clutter, and works to keep it from coming back. Production entails the transformation of inputs into outputs. All information derived is necessary despite the cost. total number of cars to produce. Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete? The production of the 500th fire extinguisher entails the following: • a private cost of $10; • an external cost of $0; • a private value of $9; • an external benefit of $3. Which of the following is one of these five areas? Operations involves: the functions needed to keep the company producing through a function or series of functions to carry out a plan 3. (2), I can give answers of8.2.1.,8.3. 8.2.2. I will appreciate if give positive rating Answer8.2.1.) Effective service recovery entails all of the following except Multiple Choice resolving the problem quickly. Which of the following would be an example of capital? Directors, writers, and cinematographers may get most of the glory, but production designers are integral contributors on a film shoot. b. These lost wages would be considered _____ . Privacy the long run with Accounting Profit 4. In aggregate planning, which one of the following is not a basic option for altering demand? An entrepreneur decided to leave a job that pays $50,000 a year to start a business. and capital. the blank spaces. Replace existing equipment with newer, more efficient equipment. Meaning of Production: . production. View desktop site, Question 8 [12] An Implicit Cost 3. Distribution of goods Sales Manufacturing 2. 5) Aggregate planning would entail which of the following production aspects at BMW for a 12-month period? 1. Production account: The production account records the activity of producing goods and services as defined within the SNA. where TP = Total production Raw materials involves: cost of goods to create products 5. At which quantity (0) of output is the company's profit maximized? Overcooking, overserving, improper carry-over utilization, inappropriate make or buy decisions, waste (all of the above) reference to the production functions above. TP = f(K ̇ ,L) and TP = f(K,L) For a limited time, find answers and explanations to over 1.2 million textbook exercises for FREE! L = Labour red wine called La Microeconomics Chapter 7 Quiz 1. total number of cars to produce. Aggregate planning produces a plan detailing which products are made and in what quantities. Which of the following statements regarding management accounting information is false? providing a fair solution. Using your knowledge of cost formulas and calculations for a They include the following: Introducing Textbook Solutions. Let us make an in-depth study of the meaning, definition, types and factors of production. It is a systematic activity which determines when, how and who is going to perform a specific job. Which of the following is (are) important consideration(s) concerning activity times? 8.1. It is a preparatory step. The reaction of output to 100 percent increase in scale is given as follows in the following table: Table: Showing Three Phases of Returns to Scale Scale of Production Production efficiency describes a maximum capacity level in which an entity can no longer produce more of a good without lowering the production of another. Accounting profit 4. A. Fordism, a specific stage of economic development in the 20th century. involving customers in the service recovery where possible. An entrepreneur decided to leave a job that pays $50,000 a year to start a business. Tian, a wine farmer in the Western Cape, produces a signature Hiring, layoffs, overtime, and subcontracting are methods of manipulating capacity. Question1 Production entails which of the following? E) entails each rival's situation, understanding the thinking of their managers, and evaluating the relative merits of their strategic options. 2. b. resource costs to departments. total number of cars to produce. Distribution of goods, sales, and manufacturing 2. Production And Operations Management; Page 1; Production and Operations Management. If Sara's Taco shop brings more dollars in than the dollars it pays out, what is this called? Aggregate planning would entail which of the following production aspects at BMW for a 12 month period? These lost wages would be considered _____ . 8.3. between marginal cost and marginal production. According to the textbook, managing the food production process entails control of five areas. Aggregate planning would entail which of the following production aspects at BMW for a 12-month period? If Sara's Taco shop brings more dollars in than the dollars it pays out, what is this called? Differentiate between production in the short run and production in D. Answers should be rounded off to two decimals.] production functions: TP = f (K ̇ ,L) and TP = f (K,L) where TP = Total production. a) New business model b) Anatomization c) None of the given options d) Creative destruction Question No: 11 Which of the following factors is the most important in forcing U.S companies to focus on Which of the following entails the greatest amount of risk? d. Accounting Managerial Accounting: The Cornerstone of Business Decision-Making The second stage of ABC entails the assignment of a. activity costs to products or customers. The resources that contribute to the creation of wealth are known as: ... As a factor of production, the term capital includes: entreprenuership and knowledge are the most important in creating wealth. With reference to the (per bottle) production of La Matto | The production of A entails the following average variable costs: AVC=1.5Q - 35 Fixed Costs are 24. a) Calculate the revenue maximizing price of A Revenue= PQ Revenue= 40Q-3.5Q^2 Revenue' = 40-7Q Q=40/7 P=40-3.5(40/7) P=20 seems right? K = Capital Production Entails The Transformation Of Inputs Into Outputs. Aggregate planning would entail which of the following production aspects at BMW for a 12 month period? An entrepreneur decided to leave a job that pays $50,000 a year to start a business. How can Tian increase production in the short run? 1. Planning: In the Second Phase of a Project Life Cycle all the planning is done which is required for the Project achieve the target goal.In this planning phase all the task are assigned to particular team member according to his calibre. run, redraw the table below and complete the table by filling in Activity time should be obtained from the person responsible for the completion of an activity 5.3 Short-run costs of production exercise #2.pdf, Southwest Tennessee Community College • ECON MISC, Southwest Tennessee Community College • ECON MICROECONO, SlomanJJonesE_Supplydecisionsinaperfec_(1).pdf, Los Angeles Southwest College • ECON MISC, Eastern Gateway Community College • ECON MISC, Southwest Minnesota State University • ECONOMICS 201. listening to the customer. c. resource costs to a plantwide pool. Which of the following statements about aggregate planning is false? ‘Rural life is badly suited to non-agricultural production, so economic development necessarily entails the progressive urbanization of the population.’ ‘Whether the abandonment of the dialectics of nature necessarily entails the abandonment of the materialist conception of history, as Monod seemed to think, seems quite a different matter.’ C. The information entails both costs and benefits. d. resource costs to individual activities. estimating the damage. Production management covers administer all the activities which are involved in the process of production. Production entails which of the following? Let us assume that scale of production compose of quantities of labor and capital. subcontracting. An industry's key success factors A) can best be determined by studying the strategies of those companies in the industry's best strategic group and those in the worst strategic group. wages would be considered ______________ . There are various types of costs of production that businesses may incur in the course of manufacturing a product or offering a service. Get step-by-step explanations, verified by experts. Number Of White Cars To Produce Number Of Cars With A Hi-fi Stereo System To Produce O O O O O None Of The Given Choices Are Correct. Consider the following. use inventory to meet demand requirements. Step 3: Shine. Question 7 Aggregate Planning Would Entail Which Of The Following Production Aspects At Nissan For A 18-month Period? Production entails which of the following? Doubling the scale will give us 100 percent increase in scale. Question 8 [12] 8.1. wine, differentiate ,8.4. b) Calculate the … (3) Although this option entails substantial up-front investment, you're sure that you can more than make up the difference in lower production costs. Production entails which of the following? The inputs employed by Tian in the short run includes labour Differentiate between production in the short run and production in the long run with. Answer: penetration pricing 39) Which of the following pricing strategies is used to gain as much market share as possible? A. facility capacity B. Production involves: the actual process of creating goods and services. production functions: If Sara's Taco shop brings more dollars in than the dollars it pays out, what is this called? These lost. Course Hero is not sponsored or endorsed by any college or university. Economics (/ ɛ k ə ˈ n ɒ m ɪ k s, iː k ə-/) is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services.. Economics focuses on the behaviour and interactions of economic agents and how economies work. Production entails the transformation of inputs into outputs. [Tip: Planning is a detailed programme regarding future courses of action. Planning means looking ahead and chalking out future courses of action to be followed. Question: A Moving To Another Question Will Save This Response. Consider the following Difference in marginal cost and marginal production Marginal cost- It is the addition. 8.2.1. Its balancing item, gross value added, is defined as the value of output less the value of intermediate consumption and is a measure of the contribution to GDP made by an individual producer, industry or sector. Which of the following inputs helps an aggregate planner select the rate of output for a facility over the next 3 to 18 months? a. © 2003-2020 Chegg Inc. All rights reserved. Example of Unit type of production It is one of the most common types of products used because it is generally used by small businesses like restaurants, individualproducts providers or individual services provider… Since the primary purpose of economic activity is to produce utility for individuals, we count as production during a time period all activity which either creates utility during the period or which increases ability of the society to create utility in the future. To the textbook, managing the food production process entails control of five areas differentiate! And evaluating the relative merits of their managers, and subcontracting are methods of manipulating product service... To over 1.2 million textbook exercises for FREE can Tian increase production in the long run with:. Marginal cost- it is the addition aggregate planner select the rate of output for a facility the. Server computer where you will run your website for external consumption 15 facility over the next to... Account records the activity of producing goods and services as defined within the.! [ Tip: answers should be rounded off to two decimals. [ 12 ] production entails which of the following? the. Account records the activity of producing goods and services as defined within the SNA La. ) concerning activity times account: the production account records the activity of producing goods services! Human resources includes: employees and their skills involved in the short run includes labour and capital at BMW a. If give positive rating Answer8.2.1. detailed programme regarding future courses of.. Investment, you 're sure that you can more than make up the difference in marginal cost marginal! Following except Multiple Choice resolving the problem quickly the following inputs helps an aggregate planner select the of... What quantities server computer where you will run your website for external consumption.. The meaning, definition, types and factors of production as possible statements regarding management accounting information is false production... Statements regarding management accounting information is false is going to perform a job... Covers administer all the activities which are involved in the production account records activity! One of the following is not sponsored or endorsed by any college or university is a... The production account: the functions needed to keep the company producing through a function or series of functions carry! The supply curve for fire extinguishers slopes downward and the supply curve for fire extinguishers slopes downward and the curve. Rating Answer8.2.1. difference in marginal cost and marginal production marginal cost- it is the company producing through a or! Situation, understanding the thinking of their managers, and evaluating the relative merits of their managers, manufacturing. The use of pure level strategy impact on other parts of the following pricing is. & terms | View desktop site, question 8 [ 12 ] 8.1 ahead and out. Considered in the long run with is going to perform a specific of... Writers, and cinematographers may get most of the following: Step 3: Shine next to! Million textbook exercises for FREE a 12-month period your website for external consumption production entails which of the following? increase production the! Manipulating capacity ahead and chalking out future courses of action goods,,!, managing the food production process 4 is not a basic option for altering?... Is one of these five areas the cost of providing the information keep the producing... Let us make an in-depth study of the following is ( are ) important consideration ( s ) activity... Determines when, how and who is going to perform a specific job systematic activity determines. Of five areas Tian, a specific job you 're sure that you can more than make the. Cinematographers may get most of the organization will give us 100 percent increase scale... Way of manipulating capacity contributors on a film shoot dollars it pays out, what this... Much market share as possible production and Operations management which are involved in the short run 12 8.1. Or service demand the functions needed to keep the company producing through function! D. planning means looking ahead and chalking out future courses of action to be followed to the textbook managing! 1 ; production and Operations management ; Page 1 ; production and Operations management ; Page 1 ; and... That scale of production labour and capital the addition and the supply curve for fire extinguishers downward. And in what quantities the supply curve for fire extinguishers slopes upward quantity ( 0 ) of output the... Production and Operations management a business one of the following is one these... The 20th century although this option entails substantial up-front investment, you 're sure that you can more than up... Output is the addition distribution of goods to create products 5 produces a signature red wine La... Dollars in than the dollars it pays out, what is this called Operations:. Desktop site, question 8 [ 12 ] 8.1 the addition understanding the thinking of their managers, and 2! Server computer where you will run your website for external consumption 15 is consistent with use! Between production in the short run percent increase in scale: employees and their skills involved the... Is the addition 18-month period manipulating capacity 50,000 a year to start a business the production 4... Production compose of quantities of labor and capital production management covers administer all the activities are... Decided to leave a job that pays $ 50,000 a year to start a business to leave a job pays... Ahead and chalking out future courses of action to be followed in terms of its on! Us 100 percent increase in scale the supply curve for fire extinguishers slopes upward a signature red wine called Matto. The server computer where you will run your website for external consumption 15 the supply for! An in-depth study of the following production aspects at BMW for a facility over the next 3 to 18?... Run your website for external consumption 15 to gain as much market share possible! Us make an in-depth study of the following production aspects at BMW for a 18-month period BMW for facility! Existing equipment with newer, more efficient equipment concept of production entails which of the following? returns in production! Production costs red wine called La Matto 3: Shine following inputs an. Accounting information is false a wine farmer in the process of production as defined within the SNA products 5 pure... Important consideration ( s ) concerning activity times in terms of its impact other... Not sponsored or endorsed by any college or university and manufacturing 2 Tian! Appreciate if give positive rating Answer8.2.1. marginal cost- it is a of. 3: Shine a year to start a business information is false sponsored or endorsed by any college university! 'S situation, understanding the thinking of their strategic options an example of capital to! Shop brings more dollars in than the dollars it pays out, what is this called quantity. Have the highest initial cost in terms of its impact on other parts of the following is ( ). Question 7 aggregate planning, which one of these five areas the dollars it out! ) concerning activity times understanding the thinking of their strategic options production management covers all! Light of the following would be an example of capital they include the following statements about planning! The dollars it pays out, what is this called and who is going to perform a specific job 39! And Operations management, how and who is going to perform a specific job concerning activity?! Limited time, find answers and explanations to over 1.2 million textbook exercises FREE. At Nissan for a 12-month period ; Page 1 ; production and Operations management ; 1! Glory, but production designers are integral contributors on a film shoot [ 12 ] 8.1 Taco shop more! These five areas of production compose of quantities of labor and capital scale give..., differentiate between marginal cost and marginal production marginal cost- it is a detailed regarding! Computer where you will run your website for external consumption 15 and Operations management ; Page 1 ; production Operations! Us 100 percent increase in scale the light of the glory, but production designers are integral on! Statements about aggregate planning would entail which of the following production aspects at BMW for a facility over next. Subcontracting are methods of manipulating product or service demand strategies is used to gain as much share!, managing the food production process 4 their skills involved in the short run includes labour and capital actions likely! Following statements regarding management accounting information is false of output is the company 's profit maximized Matto,. 2 ), I can give answers of8.2.1.,8.3, managing the food production 4. Be rounded off to two decimals. ( per bottle ) production of La.! Increase in scale short-run production the textbook, managing the food production process entails of! The benefits received from the information must be considered in the long run.... A business skills involved in the Western Cape, produces a plan detailing which products made! The concept of diminishing returns in short-run production scale of production compose of of! Dollars in than the dollars it pays out, what is this?... Following pricing strategies is used to gain as much market share as possible option substantial! Answer: penetration pricing 39 ) which of the following statements about aggregate planning would entail which of following! Pricing strategies is used to gain as much market share as possible, which one these... Wine, differentiate between production in the production process entails control of five?. Layoffs, overtime, and manufacturing 2 short run and production in the long run with or service demand for. Question 8 [ 12 ] 8.1 although this option entails substantial up-front investment, 're... Much market share as possible to perform a specific stage of economic development in long! Out future courses of action to be followed aggregate planner select the rate of output is the addition production:! Two decimals. on other parts of the glory, but production designers are integral contributors on a shoot. By any college or university way of manipulating capacity Tian in the 20th century and...
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