If the bank charges you 9% interest per year for the monthly payments on a loan to acquire the lot, it will take you 4 years until you own the land free and clear. The monthly payment would be $805.76.
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organization makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest.
The idea of interest is to reward one party for taking a risk and giving up the chance to utilize money, while penalizing another for using someone else's payments. The individual who temporarily parted payments with their money has a right to recompense, and the person who temporarily used those assets is frequently obligated to provide this compensation.
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an investor has an annual income of $100,000 and a net worth of $1 million. what is the annual limit that this investor can invest in all crowdfunding offerings?
If an investor has an annual income of $100,000 and a net worth of $1 million. The annual limit that this investor can invest in all crowdfunding offerings is $5000.
Crowdfunding is a kind of finance where funds are raised by asking a large number of individuals to make relatively small individual investments or contributions.
The federal securities regulations must be followed if a corporation wants to issue and sell securities through crowdsourcing. Any offer or sale of a security must, by law, either be registered with the SEC or qualify for an exemption.
Regulation The sale of up to $1.07 million worth of securities can be made by businesses without registering the offering with the SEC thanks to a crowdfunding exemption from the registration requirements for securities-based crowdfunding.
The general public now has the chance to take part in the early capital raising operations of start-up and early-stage enterprises thanks to regulation crowdfunding. In a Regulation Crowdfunding offering, anybody can invest. However, the amount you can invest in these transactions over any 12-month period is capped due to the dangers associated with this sort of investment. Your net worth and yearly income determine the maximum amount you are permitted to invest.
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fill in the blank: a data analytics team uses to indicate consistent naming conventions for a project. this is an example of using data about data.
a company with a large product assortment might a. have many product lines with little selection in each. b. have a single product line. c. have many individual products. d. all of these choices are correct.
A company with a large product assortment might - All the given option is correct.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of the its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both also have different ownership arrangements, laws, and rules regarding financial reporting. A company, also referred to as corporate personhood, is essentially an artificial person in that it exists independently of the people who own, direct, and support its business.
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The principle of ________ states that organisms succeed one another in a definite, determinable order that can be used to recognize a specific time period.
companies that believe they can make decisions unilaterally, without taking into consideration their impact on others, are: multiple choice proactive. reactive. interactive. inactive.
A company that believe they can make decisions unilaterally, without taking into consideration their impact on others is known as inactive.
Inactive company can be described as a company that can make decisions unilaterally, without taking into consideration their impact on others.
A proactive company can be described as one of places greater emphasis on forward-thinking strategic planning as opposed to reactive strategies to deal with problems or to approach opportunities as they arise.
Reactive company can be described as a company that responsible to an incident through audits and evaluations to discover the cause of the problem.
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which of the following is not a requirement for a payment between former spouses to be considered alimony? a.the payer and payee must not live in the same household at the time of the payments. b.the payments must cease upon the death of the payee. c.the payments must extend over at least three years. d.the payments must be in cash.
The statement that not requirement for payment is option D. The payments must be in cash. It is because the payment may be alimony or separate maintenance payments.
Money generally can be defined as an object that is accepted by the general public as a medium of exchange in economic activities. Money generally can be defined as a medium of exchange in traditional economics. Money also can be defined as an accepted as a means of payment for selling and buying transactions for services and goods, as well as wealth or other valuable assets, and also as a means of paying debts through in modern economics.
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victor manages an office supply store. his goal is to keep just enough cash on hand to pay the store's bills, including employee wages, supplies, and utilities, as they fall due. in this scenario, the cash victor keeps on hand is called
In this scenario, the cash Victor keeps on hand is called a transaction balance. A transaction account is one that you use for day-to-day banking activities such as paying bills and receiving your paycheck.
Transaction balance is a custodian fund that uses deposit bank accounts to track specific department deposits. Large campus departments with a high volume of deposit activity use TBA accounts.
A transaction account is one that you use for day-to-day banking activities such as paying bills and receiving your paycheck. Transaction accounts are also known as 'everyday accounts.' All posted credit and debit transactions are added to your account balance. It is the amount in your account before any pending charges are deducted.
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suppose you are consuming two goods, a and b. your marginal utility from good a is 22 while your marginal utility from good b is 4. in addition, good a costs $11.00 each and good b costs $2.25 each. a. according to the utility-maximizing rule, you are not maximizing your total utility . b. you should consume:
According to the utility-maximizing rule, one is not maximizing their total utility. They should consume more of goods A and less of goods B.
What is the explanation for the above result?Remember that when the marginal utility gained from the final dollar spent on both commodities is equal, overall satisfaction is maximized.
Mu/good price = marginal utility per dollar
Note that MU Per dollar of good A = 22/ 2
Hence given us: 2 Utils.
Mu per dollar of goods B on the other hand is:
4/2.25
= 1.77 Utils.
Since Good A provides more utility, from a rational point of view, more of Good A should be consumed and less of good B.
In economics, utility is defined as the enjoyment or value gained from using a thing. The marginal utility of an item or service reflects how much pleasure or satisfaction customers acquire as a result of a one-unit increase or reduction in consumption.
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You are looking for a sales associate position in a retail store. You find an online job posting for a retail store that sells casual apparel for young men and women. What are some ways that you could find out more information about the company before you apply for the retail store position?
You can learn more about the position from a variety of sources, including job advertisements, career counselors, career profiles, and your network of friends.
What are some methods by which you could learn more about the business?
1. Career profiles: You can talk with people using these to learn more about jobs and obtain interview preparation advice.
2. Career counselors: They are the ideal people to assist you in finding a job.
3. Job Advertisement: This is a fairly straightforward technique to learn about the fundamental requirements and assess how well you meet them.
4. Network: Knowing the job and succeeding at it both depend on networking.
Here, you can learn more about the sales associate position in detail by reading the job description on the firm's website or in a job portal, browsing the website to get ready for the interview, and connecting with your friends to learn more about the profile in general.
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An auditor would vouch inventory on the inventory status report to the vendor’s invoice to obtain evidence concerning management’s balance assertions about.
An auditor would attest inventory on the inventory status report to the vendor's invoice to gain proof regarding management's balance statements. The right answer is "valuation."
Valuation is the process of figuring out what a business or item is now worth. Various methods can be used to do it.Calculating the fair value of a company, an investment, or an asset is done quantitatively through valuation. In general, a company can be valued separately on an absolute basis or separately relative to other comparable companies or assets.When the management asserts that the financial statements they have created are accurate, they are using the term "management assertion." The Accounting Standard Board divides management claims into three categories: assertions regarding transactions, balances of accounts, and disclosures and footnotes.To know more about "valuation", here
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when undertaking social initiatives, a company: multiple choice may sacrifice short-term profits. risks going bankrupt in nearly all cases. will always receive long-term profits. must take out social responsibility insurance.
The correct answer is (a), a company while undertaking social initiatives must sacrifice short-term profits, so that it can achieve its social initiatives.
Social initiatives are activities or pursuits aimed at assisting, retaining, increasing, and publicizing society in general. Different social initiatives include initiatives that aim to promote social and cultural equity, continuing to improve the availability of opportunities for all, encourage environmental behaviors, and conserving the environment.
Suppose an NGO is doing some charitable work, and organization is carrying out awareness program, a hospital is treating for free, or a manufacturer is distributing goods for free all are examples of social initiatives. While carrying out social initiative organization may occur short-term loss or may incur huge losses which can affect their short-term profit, but hey should ignore it as it will happen while taking up social initiative.
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credit terms of 2/10, n/30 imply that the seller offers the purchaser a 2% cash discount if the amount is paid within 10 days of the invoice date. otherwise, the full amount is due in 30 days. group startstrue or false
This assertion is accurate. Credit conditions of 2/10, n/30 signify that the seller will give the buyer a 2% cash discount if they pay the full amount within 10 days of the invoice date. If not, the entire sum is due in 30 days.
What does 2/10 N 30 signify in terms of sales discounts?Trade credit is given by the seller to the buyer in the amount of 2/10 net 30. Invoices must be paid in full within the first ten days after the invoice date to qualify for a reduction of 2% on the net amount. Otherwise, a reduction is not offered, and the entire invoice amount is due in 30 days.
What exactly do the credit terms 2/15 N 30 mean?The words "2/15, n/30" (2% discount for payment within 15 days and full payment due within 30 days) and "n/10 EOM" are a couple of versions of the cash discount terms (the invoice is due and payable 10 days after the end of the month in which the sale occurred).
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the opening video of session 07 features a raw materials procurement manager at beiersdorf (a personal-care products manufacturer, including the ercerin, nivea, and coppertone brands). she mentioned that, one thing she likes about her procurement role in this global company is the opportunity to:
One thing she likes about her procurement role in this global company is the opportunity to Travel the globe to visit suppliers and distribution centers, interacting with diverse people from a variety of cultures.
Diversity across all levels of an organization can have a range of positive effects, from fostering creativity to enhancing hiring practices to assisting brands in upholding their principles of inclusivity and social responsibility. However, while it may seem fairly obvious how having more different viewpoints in boardrooms and across the staff base may lead to fresh ideas and eventually growth, the link between diversity and procurement may be less obvious at first look. In fact, the Hackett Group discovered in 2006 that businesses seen as leaders in supplier diversity add an additional $3.6 million to their bottom line for every $1 million in procurement operations expenditures.
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one bag of coffee beans is sold for $5 to a cafe that uses it to brew coffee which it sells to customers for a total of $20. a second bag of coffee is sold directly to joan for $7, who uses it to brew coffee for her family every morning. what is the contribution to gdp from the purchases of coffee beans and coffee?
The purchase of coffee beans and coffee results in a $27 contribution to the GDP.
What is the GDP?Gross Domestic Product (GDP) is the most inclusive quantitative indicator of a nation's total financial activity. More specifically, GDP is the monetary estimation of all goods and services produced inside a nation's borders during a certain period of time, assuming that all other factors are equal.
Here's how we figure it out:
A coffee shop buys one bag of beans for $5,
which it then sells to customers for a total of = $20
a second bag of beans is then bought directly by Joan for = $7
purchase of coffee beans and coffee results in a contribution to GDP= $20+ $7 = $27.
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a parent buys 32 percent of a subsidiary in one year and then buys an additional 40 percent in the next year. in a step acquisition of this type, the original 32 percent acquisition should be
The acquisition type is adjusted to market value on the subsequent inception of the contract, with a gain or loss recorded.
Acquisition accounting is a set of formal guidelines that govern how a buyer must record a purchased company's assets, liabilities, non-controlling interest (NCI), and goodwill on its consolidated statement of financial condition.
On the buyer's balance sheet, the fair market value of the purchased company is distributed between the buyer's net tangible and intangible assets. Any resulting change is seen as goodwill. Acquisition accounting is also known as business combination accounting.
According to International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), all business combinations must be treated as acquisitions for accounting purposes, which means that one company must be identified as an acquirer and one company must be identified as an acquirer even if the transaction creates a new company.
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your client michael feels like he’s getting a great deal on the purchase of his home, since he’s paying only $385,000 and the assessed value is $492,500. he asked you to estimate his monthly property taxes. you know the rate for his jurisdiction is .52%.
If your client Michael feels like he’s getting a great deal on the purchase of his home, since he’s paying only $385,000 and the assessed value is $492,500. he asked you to estimate his monthly property taxes. The monthly taxes is $213.42.
Monthly taxesGiven data :
Cost of home = $385,000
Assessed value = $492,500
Rate = .52%
Now let determine or find the monthly taxes
First step is to calculate the yearly tax rate
Yearly tax rate = Assessed value x tax rate
Yearly tax rate = $492,500 × .0052
Yearly tax rate = $2,561
Second step is to calculate the monthly taxes
Monthly taxes = Annual tax rate / Months in a year
Monthly taxes = $2,561 / 12
Monthly taxes = $213.42
Therefore we can conclude that the monthly taxes based on assessed value is the amount of $213.42.
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the most important things investors want to know are what makes the product more desirable than what's already available and whether or not the product can be patented. in which section of the business plan should investors look to find this information?
The product more attractive than what is presently on the market are the most crucial elements that investors want to know. Should investors check at the marketing plan to find this information.
A marketing plan is a written document that details a company's planned, often one-year, marketing initiatives. It describes the intended advertising, promotion, and marketing initiatives during the investors time frame.
A marketing plan is a practical document that describes the advertising strategy that will be used by a firm to create leads and connect with its target market. The outreach and investors PR programs that will be run over time are described in a marketing plan, along with how the business will evaluate their success.
As a marketing plan is created based on a broad strategic framework, the phrases marketing strategy and marketing plan are sometimes used interchangeably. Sometimes, especially for smaller businesses that might only execute one or two significant campaigns each year, the strategy and the plan may be combined into a single document. Unlike the marketing strategy, which describes the overarching value offer, the plan specifies marketing actions on a monthly, quarterly, or annual basis.
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select all that apply sales activities include: (check all that apply.) multiple select question. selling finished products. using materials. storing finished products. production workers assembling products.
All that apply sales activities include : production workers assembling products., using materials., incurring overhead costs.
What is sales activities?
To increase the number of customers who purchase your product, you might be required to carry out some tasks if you work in sales. Sales professionals frequently engage in sales activities to aid in the planning, tracking, and development of new customer purchases. Knowing what a sales activity is and seeing a few examples might make it easier for you to spot them at work, which might help you meet your sales targets. In this article, we go over a variety of sales activity examples and how either you or your team might use them at work. Any actions you as well as your team take to advance clients through the sales process are referred to as sales activities. A task at work is considered a sales activity if it will eventually result in a sale. Any kind of planning, sales tactics, solution implementation, or sales tracking procedures fall under this category.
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as of june 30, 2022, pharoah company has assets of $114000 and stockholders' equity of $47000. what are the liabilities for pharoah company as of june 30, 2022? $47000 $67000 $161000 $114000
Pharoah has assets of $114,000 and equity of $47,000. Pharoah's liabilities are $67,000.
The financial position of any company, large or small, is determined by two key elements of the balance sheet: assets and liabilities. The third part of the balance sheet is equity, also known as equity.
The accounting equation illustrates how these three critical components relate to each other. Total assets will equal total liabilities plus total equity.
total assets = total liabilities + total equity
total liabilities = total assets - total equity
total liabilities = $114,000 - $47,000
total liabilities = $67,000
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What is the primary way that torts are different from crimes?
A. Torts never involve illegal actions.
B. Lawyers don't like to defend torts.
C. Torts are a form of civil law.
D. Torts are a form of criminal law
All the factors/way mentioned in the question are primary way which depicts torts are different from crimes.
What is torts and how its work?
A tort is a civil wrong for which a person is legally responsible. A tort is an act or omission that causes harm to another person. In the context of torts, "injury" refers to the violation of any legal right, whereas "damage" refers to a material loss or other harm that a person really experiences.
Tort law's main objectives are to compensate harmed individuals for wrongs committed by others, hold those responsible accountable, and deter others from carrying out damaging acts. Torts allow the party at fault or more qualified to bear the loss to shift the responsibility of loss from the injured party to that party. A person seeking compensation under tort law will typically demand monetary damages as recompense. Injunction and restitution are less prevalent forms of relief.
Remedies:
Torts are recognized by the law as civil wrongs that give victims the right to compensation for their damages. Injured parties may file a lawsuit to get damages in the form of cash settlements or an injunction, which compel a party to stop engaging in a certain conduct. To discourage further wrongdoing, courts have been known to award punitive damages in addition to compensatory damages.
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as the price of gummy bears rises from $2.50 to $2.90 , what is the price elasticity of demand of sugar‑free gummy bears and of ordinary gummy bears? use the midpoint method and specify answers to one decimal place.
The given data has no quantity so let us assume the quantities of sugar and ordinary gummy bears. The price elasticity of demand is simply the change in the quantity over the change in the price.
Sugar free gummy bears:
Initial price(P1) = $2.50 Changed Price(P2) = $2.90
Assumed Quantity Q1 = 175 Q2 = 157
By mid point method price elasticity =
Ed= (Q2-Q1)/[(Q1+Q2)/2]÷ (P2-P1)/[(P1+P2)/2]
So, (157-175)/[(175+157)/2]÷ (2.90-2.50)/[(2.90+2.50)/2]
= (-18/166)÷(-0.4/2.7) = -0.73
Similarly for Ordinary gummy bears with P1=$2.50 P2=$2.90 Assumed Quantity Q1= 379 Q2= 273, by midpoint method the price elasticity is
Ed= (Q2-Q1)/[(Q1+Q2)/2]÷ (P2-P1)/[(P1+P2)/2]
(273-379)/[(379+273)/2]÷ (2.90-2.50)/[(2.50+2.90)/2]
=-2.2
Hence, the elasticity of demand of sugar-free and ordinary gummy bears are -0.73 and -2.2, respectively.
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plainco corporation sells widgets for $3.00 each in market that is perfectly competitive. increasing the number of plainco workers from 1,000 to 1,001 would cause output to rise from 615 to 625 widgets per day. the marginal revenue product for the 1,001st worker is:
The marginal revenue product for the 1,001st worker is 30.
Marginal revenue product= MR*MPL
=3*10
=30
WHERE MR is MARGINAL REVENUE AND MPL is MARGINAL PRODUCT OF LABOUR.
Marginal sales product (MRP), additionally referred to as the marginal price product, is the marginal sales created because of an addition of 1 unit of useful resource. The marginal sales product is calculated with the aid of using multiplying the marginal bodily product (MPP) of the useful resource with the aid of using the marginal sales (MR) generated.
The marginal sales manufactured from hard work represents the more sales earned with the aid of using hiring a further employee. It shows the real salary that the organization is inclined and may come up with the money for to pay for every new employee they hire, and the salary that the organization will pay is the marketplace salary fee decided with the aid of using the forces of deliver.
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Given an industry is producing the socially efficient output level, a tax placed on the industry will result in inefficiency because the market will produce.
If an industry is producing the socially efficient output level, a tax placed on the industry will result in inefficiency because the market will produce. c) too few units, giving up some units that have more consumer value than productive costs.
What is consumer value?Consumer value can be defined as the way in a company tend to produce or manufactures goods that meets a consumer preference during this may enables consumer derived satisfaction from the use of the product.
Based on the scenario the tax may have a negative effect on the company as they may start producing goods or product that does not have more consumer value.
Therefore the correct option is C.
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The complete question is:
Given an industry is producing the socially efficient output level, a tax placed on the industry will result in inefficiency because the market will produce
a) too many units, as some units produced will have more productive costs than consumer value.
b) too many units, as some units produced will have more consumer value than productive costs.
c) too few units, giving up some units that have more consumer value than productive costs.
d) too few units, giving up some units that have more productive costs than consumer value.
rent control question 5 options: 1) serves as an example of how a social problem can be alleviated or even solved by government policies. 2) serves as an example of a price ceiling. 3) is regarded by most economists as an efficient way of helping the poor. 4) is the most efficient way to allocate scarce housing resources.
Option (c) is the best choice. The majority of economists believe that rent control is an effective strategy for assisting the poor.
In economics, what are rent controls?Rent control is a law that sets a maximum price, or "rent ceiling," on what landlords may charge renters, like all other government-mandated price controls. The rent level must be established at a lower rate than what would have otherwise been the case if it is to have any impact.
What aims does rent control pursue?To protect existing affordable housing and to reduce disruptions brought on by quick rent hikes are the two basic objectives of rent-control laws. As these rules have developed, they have also added provisions to make sure landlords are paid enough to maintain their properties and make a respectable profit.
Why is rent control opposed by most economists?Rent control, a type of price control, hinders market adjustment, including supply increases, by reducing price signals indicating rental housing is becoming more scarce. Additionally, many low-income households suffer from rent control since they are least able to escape the lines that are caused by prices below market equilibrium.
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determine which direction a country’s ppc will shift as a result of these major events. the country is hit by a natural disaster that destroys its infrastructure. the government starts 50 new medical clinics in rural areas. there is an acute shortage of teachers in several of the country’s states. seven computer hardware companies set up new manufacturing units in the
The direction a country’s ppc will shift as a result of these major events will shift to the left.
A natural disaster strikes the nation, destroying its infrastructure. Several states around the nation are severely short on instructors.A Rightward Shift
Fifty new medical clinics are opened by the government in rural areas.Seven manufacturers of computer gear have opened new facilities in the nation.Production potential curves (PPC) frequently vary as a result of advancements in technology or expanding economies. A shift to the right happens when more products are created as a result of technological advancement, ceteris paribus. This change may also take place when the economy expands and more capital and consumer items can be produced.
When a natural disaster occurs, it may affect production components that are essential inputs to the economy. As a result, the economy's production will decline. The PPC will shift to the left, for instance, if a tsunami diminishes the magnitude of the inputs that the economy uses to make the outputs.
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what additional organizational structure and/or process adjustments will sony need to make to realize its revised strategic objectives?
Sony shall incorporate more flexibility in its geographic units by giving more autonomy to its business subsidiaries. Sony needs changes like flater hierarchy, open door culture, easier feedback mechanism, and higher compensation based to revamp entire the process.
Sony organization, normally stylized as SONY, is an eastern multinational conglomerate employer based in Minato, Tokyo, Japan. As a first-rate generation employer, it operates as one of the international's biggest manufacturers of patron and professional digital merchandise, the biggest online game console agency, and the largest online game publisher. Sony amusement Inc, it's far one of the most important music businesses (biggest track publisher and second largest report label) and the third biggest movie studio, making it one of the maximum comprehensive media companies. It's by far the largest technology and media conglomerate in Japan. It is also recognized as the maximum coins-wealthy jap company, with net cash reserves of ¥2 trillion.
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hat is the effect of tariff on a particular product for the country imposing the tariff? a. increases domestic production of the product b. decreases the deadweight cost of the country c. increases domestic consumption of the product d. decreases government trade revenues
Increases domestic production of the product. It is correct because imposing a tariff decreases the number of imported goods into the domestic economy.
The correct option is d.
Tariffs increase the prices of imported items. because of this, home producers are not compelled to lessen their expenses from expanded opposition, and home customers are left paying higher expenses as a result.
Virtually, the manner in wherein import demand responds to modifications in tariffs will depend upon a spread of factors.
Those encompass the reaction of producers and purchasers to fee changes, the share of imports in domestic manufacturing and intake, the substitutability of imports for domestic products, and so on.
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what is one potential advantage of being a publicly-held company? a public company always has a higher share price than a private company. a public company may gain from greater investor involvement than a private company. a public company may have a more prominent reputation than a private company. a public company has fewer requirements to meet when it comes to shareholder communication and reporting.
A public company may have a more prominent reputation than a private company is one potential advantage of being a publicly-held company.
A public company enterprise, publicly traded agency, publicly held company, publicly indexed business enterprise or public confined business enterprise is a agency whose ownership is organized through stocks of inventory which might be intended to be freely traded on a stock alternate or in over-the-counter markets.
A public organization is a business enterprise that has offered all or a part of itself to the general public through an preliminary public supplying. the primary benefit public organizations have is their capacity to faucet the monetary markets by way of promoting inventory (equity) or bonds (debt) to elevate capital (i.e., cash) for expansion and different tasks.
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toyoda company buys gas pedals and other parts from suppliers and puts them in its vehicles without changing their composition. if the pedals or other parts are determined to be defective, strict product liable for any damage caused by the defects can be asserted against
As per business law Toyoda and the subcontractors(A) have the Product liability for any if the pedals or other parts are determined to be defective and any damage caused by it.
Product liability is the branch of law that deals with who is accountable for damage brought on by defective products and who is in charge of putting products on the market.
Product liability is the term used to describe the responsibility of one party or more along the chain of commerce for any harm brought on by a product. Product liability laws may hold the producer of the product, the distributor, the wholesaler, and the retailer who sold the product responsible when a defective product causes damage.
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The question was incomplete. Check below the full question.
Toyoda company buys gas pedals and other parts from subcontractors and puts them in its vehicles without changing their composition. if the pedals or other parts are defective, strictly liable for any damage caused by the defects are
a. Toyoda and the subcontractors
b. Toyoda and the subordinates
c. Toyoda and the Followers
d. Toyoda and the scrutinizers
if an employee's primary function in an organization is transforming resources into goods and services, then he or she is involved in multiple choice staffing. financing. marketing. operations management. customer relationship management.
If an employee's primary function in an organization is transforming resources into goods and services, then he or she is involved in operations management.
Operations management is a branch of management concerned with the design and control of the manufacturing process, as well as the redesign of operational processes in the production of products or services. Operations management (OM) is the management of corporate practices within an organization to achieve the highest possible level of efficiency. Operations management is the managerial activity in charge of overseeing a service's or product's entire production timeline, from the input terminal to the final stage.
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