A career in operations management is facilitated by ______.
a. membership in the WTO
b. an undergraduate or graduate degree in operations management
c. membership in the GATT
d. an interest in manufacturing rather than services
b. an undergraduate or graduate degree in operations management
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What is the term used to describe expenses that are incurred for the benefit of a specific department?
A) Indirect expenses B) Margin expenses C) Departmental expenses D) Direct expenses
Profits and losses from a Limited liability company (LLC) do not have to be distributed in the same proportion
Indicate whether the statement is true or false
Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits$75per hourAnnual labor hours 6,350hoursAnnual materials purchases$1,206,250 Materials purchasing, handling, and storage$241,250 Overhead for depreciation, taxes, insurance, etc.$666,750 Target profit margin for both labor and materials 25% What should Shale set as rate per hour of labor hour?
A. $200. B. $180. C. $225. D. $150. E. $250.
An operations manager organizes a process improvement team and the resulting process has a lower mean (µ). Which statement is the BEST description of this change?
A) Arrival rate has fallen. B) There are fewer phases in the new system. C) Interarrival time has fallen. D) Server efficiency has improved.