Operations mangement Samenvattingen, Aantekeningen en Examens

What is a project? Correct Answer: A temporary endeavor undertaken to create a unique product, service, or result Every project has: Correct Answer: - A start and finish point -A deliverable Project Planning: Correct Answer: the process of choosing the one method and order of work to be adopted for a project from all the various ways and sequences in which it could be done." Project planning elements include: Correct Answer: scope, design and alternate designs, cost, time, finan...

NAB RCAL Exam Rated A+ 4 components of leadership (influencing) and direct group 4 elements of a valid contract Process, Influence others, occurs in groups, attain goals agreement, consideration, contractual capacity, legality (in writing) "ACCL" 5 steps of budgeting Assessing environment, Programming, Developing operating budget, Building cash budget, Determing capital budget 12 weeks unpaid if an employee has worked 1250 hrs within last 12 months. Covers -serious health ...

NAB NHA Exam- Leadership and Management Correctly Answered!! Governing Body - Answer ️️ -REQUIRED by CMS, whether sole proprietorship, partnership, or corporation corporations - Answer ️️ -are required by state to have Articles of Incorporation that specify officers, board, membership. closely held corporation - Answer ️️ -less shareholders, most are 5 or less, less formal organization. Public Corporation - Answer ️️ -many shareholders, very structured, bylaws make up - ...

NAB RCAL Exam Questions and Answers Already Passed Breakeven Point? total cost = total revenue Working capital ratio current assets / current liabilities Acid-test (quick) ratio (cash + AR + short-term investments) / current liabilities debt to assets ratio total liabilities/total assets FTE (full time equivalent) total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40) Profit margin NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof margin and net pr...

CFA Level 1 Economics 241 Questions with Answers 2023 Price Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (%t Change in Price) Cross Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (% Change in Price of Substitute or Complement) Income Elasticity of Demand Formula - CORRECT ANSWER (% Change in Quantity Demanded) / (% Change in Income) Price Elasticity of Supply Formula - CORRECT ANSWER (% Change in Quantity Supplied)...

Operations Management,Have you ever bought something, paid for it, and arranged to have it delivered to you at a later date? That is a fairly typical transaction, and, under the Uniform Commercial Code (UCC), a delivery contract is created. However, it is a little complicated to determine when you become the complete owner of the thing purchased. First, when the contract is made and the purchase price is paid, the title to the item purchased is transferred to you, the purchaser. The UCC says ...

What is a project? A temporary endeavor undertaken to create a unique product, service, or result Every project has: - A start and finish point -A deliverable Project Planning: the process of choosing the one method and order of work to be adopted for a project from all the various ways and sequences in which it could be done." Project planning elements include: scope, design and alternate designs, cost, time, finance, land, procurement, operations, etc. Shape...

Directive Leadership Style -->Tells employees exactly what to do and the process necessary to do the task. Supportive leadership style -->relates to the employees, asks them questions, and gives them encouragement. Participative leadership style -->when a manager involves employees in decision- making and values their input. Universality of managerial functions -->states that managerial functions are the same no matter what level of manager you are. acceptance theory of authority ...

Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with the ype of bribery risk and scale tha...

Commands sent by the pilot in command, from a remote location controls a robot by remote control programmed to ________ commands. - correct answer executes What impact does yawing have on a UAS? - correct answer Changes Direction Federal Aviation Administration (FAA) approval, known as ________ is needed for unmanned aircraft systems to operate in specific airspace for a defined purpose. - correct answer Ce...