Identify two operations-related tasks carried out by Hard Rock Café. Match each to its related area of the 10 strategic operations management decisions
What will be an ideal response?
Providing custom meals: design of goods and services; designing, testing, and costing meals: design of goods and services; acquiring, receiving, and storing supplies: supply chain management; recruiting and training employees: human resources and job design; preparing employee schedules: scheduling; designing efficient restaurant layouts: layout strategy.
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When there are no living descendants or ascendants, the balance passes to the decedent's:
a. pretermitted child b. half-blood relatives c. kindred d. collateral relatives
Which of the following is the best way to prevent an agency problem between shareholders and managers?
A) Maintain a proportional relationship between a manager's bonus and the number of employees in the firm. B) Compensate managers to a significant degree with shares of stock in their firm. C) Reward managers if they keep costs below the budgeted amount. D) Pay managers a bonus if their division exceeds its targeted market share. E) Pay managers a bonus if their division exceeds its quarterly sales target.