Why do modern operations managers look for flexibility in their equipment?
What will be an ideal response?
Flexibility in equipment provides managers with the ability to respond to changes in demand with little penalty in time, cost, or customer value. And in this age of rapid technological change and short product life cycles, adding flexibility to the production process can be a major competitive advantage.
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Which of the following is a not a decision that management must make before calculating ROI and RI?
A) Should nonproductive assets be included in the average total asset calculation? B) Should gross book value or net book value of assets be used? C) Should a simple average of the beginning and ending total liabilities be used? D) Should a short term focus be used?
An attitude consists of three components. Name and describe each one
What will be an ideal response?