Cob 300 Study guides, Class notes & Summaries

You recently sold 100 shares of Microsoft stock to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following best describes this transaction? a. This is an example of a money market transaction. b. This is an example of an exchange of physical assets. c. This is an example of a direct transfer of capital. d. This is an example of a primary market transaction. e. This is an example of ...

Time value analysis - 1st step is to set up a timeline time line - an important tool used in time value analysis, it is a graphical representation used to show the timing of cash flows. Time periods such as years or months, time 0 is today. Time 1 is one period from today. Both the end of period 1 and the start of period 2. Each tick mark corresponds to the end of one period and the beginning of the next one. Do time lines only deal with years or can other time periods be used? - other t...

COB 300B- Test 2 (Chapters 5-7-9 On Slides 7-3) Questions With Complete Solutions

Nature of services - the customer should be the focal point of all decisions. Service triangle: the organization exists to serve the customer, systems and the employees exist to facilitate the process of service. How management treats the worker is how the worker will treat the public. Workforce is well trained and well motivated, they will do good jobs for their customers. Operations responsible for service systems, managing the work, workforce makeup the majority of employees in la...

Process - Any set of activities performed by an organization that takes inputs and transforms them into outputs ideally of greater value to the organization than the original inputs. The output of many processes are services.Converts investment in resources to value for which customers pay. A good process: Adds value, keep costs as low as possible Process: Basic performance Measures - Cycle time: average time between completions of successive units. Determined by bottleneck. Determine...

Sole Proprietorship - Single Owner and Manager Sole Proprietorship Advantages - • Inexpensive and simple to set up • Little to no regulation or reporting requirements • Single taxation-Business income treated like regular income Sole Proprietorship Disadvantages - • Unlimited Personal Liability • Difficult to transfer ownership • Limited access to capital Partnership - Owned and managed by two or more people -Partnership agreement

COB 300 Operations Chp 5 EXAM LATEST REAL EXAM 57 QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ What are manufacturing processes? - ANSWER- processes used to make tangible goods. What is required to make something can be divided into 3 simple steps: Source, make, and deliver. Depending on the item being produced supply chain can be very long or very short, where parts are sourced and the product is made locally. Source: Parts are procured from suppliers Make: M...

What 3 critical components make up BioBricks? - PCL, Pigments, and Educational Booklets What are BioBricks 3 dimensions for our product strategy? - Versatile, Sustainable, Educational Where are our suppliers located? - Shanghai and Guangdong China (PCL and Pigments), and Hudson, Wisconsin (Booklets) What is our bottleneck? - Melting Machines What is the melting machine capacity? - 15.5 units an hour

COB 300 Operations Chp 5 EXAM LATEST REAL EXAM 57 QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ What are manufacturing processes? - ANSWER- processes used to make tangible goods. What is required to make something can be divided into 3 simple steps: Source, make, and deliver. Depending on the item being produced supply chain can be very long or very short, where parts are sourced and the product is made locally. Source: Parts are procured from suppliers Make: M...

Marketing: total market and target market numbers - 57 million and 2.5 million Marketing: Targeted Demographics, etc - middle class, 20-50 y/o, hygiene conscious Marketing: Why are we selling to CVS, RiteAid and Home Goods instead of Walmart and Target? - We would have to sell to them at a lower price, meaning we would not make a profit. Our target market shops more at shops like CVS and Rite aid. More difficult to get into a Walmart and Target as a start up company. Marketing: what are...