Describe the three areas in which operations managers make decisions
What will be an ideal response?
The three areas in which operations managers make decisions are resources, location, and logistics. With regard to resources, managers must decide where and how to obtain the resources the firm needs to produce its product. For location, managers must decide where to build administrative facilities, sales offices, and plants, how to design them, and so on. Finally, for logistics, managers must decide on modes of transportation and methods of inventory control.
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If negotiations reach an impasse and such an impasse is not the result of an employer's bad-faith negotiations then an employer can unilaterally implement its last offer
Indicate whether the statement is true or false
The percent of sales method does not accurately estimate the balances for lumpy assets. Which of
the following statements best describes the possible errors? A) The percent of sales method consistently overestimates the forecasted balances of lumpy assets. B) If fixed assets are utilized at full capacity currently, the percent of sales method will underestimate the forecasted fixed asset balance. C) If excess capacity exists, the percent of sales method will overestimate asset requirements. D) The percent of sales method consistently underestimates the forecasted balances of lumpy assets.