Question

In: Operations Management

The toughest part of the problem-solving process is _____. Question 2 options: clarifying the problem identifying...

The toughest part of the problem-solving process is _____.

Question 2 options:

clarifying the problem

identifying the problem that you want to work on

selecting your best option

generating multiple solutions

Question 3 (1 point)

Although a _____ allows managers to take the business concept beyond the idea stage, it doesn't accomplish the actual work.

Question 3 options:

plan

vision

mission

goal

Question 4 (1 point)

Long-range planning that establishes an overall course of action for a company is generally called _____.

Question 4 options:

contingency

tactical

strategic

crisis

Question 5 (1 point)

Under a _____ structure, employees from various functional areas form teams to combine their skills in working on a specific project.

Question 5 options:

division

functional

matrix

departmental

Solutions

Expert Solution

Answer 2: Selecting your best option

Selection of the best option is the toughest because when you find out alternatives then you need to decide which one to select based on your understanding. Among the given alternatives, you will have to choose the best by evaluating all the alternatives. Sometimes there are more than one alternative which seems best, so management have difficulty to select one of those.

Answer 3: Plan

Plan is when you decide what to do in detail in advance to achieve a goal. In planning you decide what to do, how to do, when to do, etc. But this plan doesn't get things done automatically, you will have to work according to plan to achieve your goal. Actual work is still needed to be done to achieve the goal.

Answer 4: Strategic

Strategic plan is made to achieve a long term goal of organization. It establishes a course of action which must be followed by the organisation to achieve the end goal of the organisation. This plan is written in a document and management makes sure that Employees, stakeholders are working according to strategic plan to achieve organisation long range goal.

Answer 5: Matrix

Matrix structure is an organisation structure whereas Employees from different functional departments come together to work on a project. They use their combined skills to achieve the project aim. In this structure an employee works for two bosses, first functional department boss and second project leader. Sometimes Employees of one department doesn't communicate with other and think themselves as different. This structure make Employees from different functional departments to come and work together.


Related Solutions

Part I: PROBLEM- SOLVING. Direction: Answer the requirement for each problem. Show your work. Question 1....
Part I: PROBLEM- SOLVING. Direction: Answer the requirement for each problem. Show your work. Question 1. XYZ Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $ 942,480 66,000 Machine Hours Processing Orders $ 85,050 1,800 Orders Inspection $ 126,854 1,820 Inspection Hours Furthermore, data concerning product ABC appears below: Selling price per unit $ 150.20 Direct Materials Cost per unit $ 20.06 Direct labor Cost per unit $ 45.04...
Part 2: Problem Solving - Journal perform the accounting required for the acquisition of Little, Inc....
Part 2: Problem Solving - Journal perform the accounting required for the acquisition of Little, Inc. by Big, Inc. Within the worksheet, you are to: Select an accounting method (either cost or equity) and explain why you selected this method Perform the required journal entries Complete the consolidation worksheet Prepare the consolidated balance sheet in good form Part II Assume that Big Company decides to acquire 100% of Little Company for $200,000. Prepare the consolidated balance sheet and any supporting...
Part 2: Problem Solving - Journal Using the data in the Option 1 Spreadsheet (linked at...
Part 2: Problem Solving - Journal Using the data in the Option 1 Spreadsheet (linked at the bottom of the page), perform the accounting required for the acquisition of Little, Inc. by Big, Inc. Within the worksheet, you are to: Select an accounting method (either cost or equity) and explain why you selected this method Perform the required journal entries Complete the consolidation worksheet Prepare the consolidated balance sheet in good form Complete all work on the spreadsheet attached to...
During what part of interphase are the chromosomes replicated? Question A options: 1) G 2 2)...
During what part of interphase are the chromosomes replicated? Question A options: 1) G 2 2) S 3) G 1 Save Question B (1 point) What is the name of the area (2) that the two copies of chromatids remain attached in a chromosome?    Question B options: 1) short arm 2) chromatid 3) chromosome 4) centromere Save Question C (2 points) Match the four phases of mitosis with the characteristic on the right that best describes its phase, or...
Business Funding Question. Solving a problem You are supposed to negotiate 2 bank credits: - one...
Business Funding Question. Solving a problem You are supposed to negotiate 2 bank credits: - one for intermediate trade with the USA (Import of iPhones 7) and - second – for the construction of the iPhone plant in Rome. Suggest your terms and conditions: (sum, currency, duration, interest rate, procedure of drawing and reimbursement, collateral – if any etc.) Required approximately 1 page in word.
**** LOOKING TO SOLVE THE SECOND PART TO THIS 2 PART QUESTION; PROBLEM 4 ONLY PLEASE...
**** LOOKING TO SOLVE THE SECOND PART TO THIS 2 PART QUESTION; PROBLEM 4 ONLY PLEASE **** Automobiles arrive at the drive-through window at a post office at the rate of 4 every 10 minutes. The average service time is 2 minutes. The Poisson distribution is appropriate for the arrival rate and service times are exponentially distributed. a) What is the average time a car is in the system? 10 minutes b) What is the average number of cars in...
Question 2: Problem solving (11 Marks) Kenneth Brown is the principal owner of Brown Oil, Inc....
Question 2: Problem solving Kenneth Brown is the principal owner of Brown Oil, Inc. After quitting his university teaching job, Ken has been able to increase his annual salary by a factor of over 100. At the present time, Ken is forced to consider purchasing some more equipment for Brown Oil because of competition. His alternatives are shown in the following table: Outcomes Alternative Decisions O1: Favorable Market O2: Moderate Market O3: Unfavorable Market Sub 100 $ 300000 $ 150000...
“Verification of solution is a part of problem solving. Thisverification consists of many guidelines.” Write...
“Verification of solution is a part of problem solving. This verification consists of many guidelines.” Write a note on “Verification of Solution” keeping in view the case available in your text book.
Identify which process analysis tool is best for identifying the potential causes of a problem and...
Identify which process analysis tool is best for identifying the potential causes of a problem and briefly explain how it identifies causes. Using that information give an example of a problem and explain the method of identifying the cause. This is for a discussion post! Please provide at least 200 words with your response. Thanks in advance.
You are in the process of solving a basic price optimization problem to determine what price...
You are in the process of solving a basic price optimization problem to determine what price to charge for a product in order to maximize contribution. Your demand is exponential and its function is D(p) = 20000 * p^-2 and the incremental cost is $15. A. what is your objective function? B. you have solved a basic price optimization model and determined that your original contribution is $333.33 and you will sell to 22.22 customers. What is your optimal price?...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT