Question: List and briefly explain the four basic sources of variation, and explain why it is important for managers to be able to effectively deal with

List and briefly explain the four basic sources of variation, and explain why it is important for managers to be able to effectively deal with variation.

Step by Step Solution

★★★★★

3.44 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

There are four basic sources of variation 1 The variety of goods or services being offered The great... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

372-B-M-L-O-M (2807).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Why do you think it is important for managers to understand the mechanics of supply and demand both in the- short run and in the long run? Give examples of companies whose business was either helped...

Why is it important for managers to be able to determine the cost of a particular item? Name one decision that a company might make using cost information.

Explain why it is important for managers to develop their culture intelligence.

can you answer 1-17 if possible all please 1. Briefly describe the terms operations management and supply chain. 2. Identify the three major functional areas of business organizations and briefly...

please answer 9-17 7. What are models and why are they important? 8. Why is the degree of customization an important consideration in process planning? 9. List the trade-offs you would consider for...

1) List and briefly explain the four basic sources of variation, and explain why it is important for managers to be able to effectively deal with variation. 2) What ethical considerations are...

List and briefly explain the four basic sources of variation, and explain why it is important for managers to be able to effectively deal with variation. LO.1

1a) Describe the operations function and the nature of the operations managers job. b)what are models and why are they important. c)List and briefly explain the four basic sources of variation and...

As part of Operations Engineering, the expectation is to learn the language of operations management. Answer the following questions to test your knowledge: 1 . Briefly describe the term operations...

Q1 The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is 100 dollars, the overhead rate is 1.0 times labor cost,...

As used in accounting, the "Notes to the Financial Statements" should be: a). Shown at the bottom of the Income Statement. b). Excluded, as they are not an integral part of the financial statements....

Anna turned 62 in 2007, and she is computing Social Security benefits. Using the formula from Example 3 in Lesson 9-2, compute her Social Security full retirement benefit if her average monthly...

Identify intangible assets that are eligible for amortization and calculate the amount of the deduction.

Components of Projects Triple Constraint A. God, Father and Son B. * Time, Budget, Scope/Quality. C. Negotiation, Strategic Thinking, Leadership. D. Time, Budget, Stakeholders.

A pharmacist has been monitoring sales of a certain over- the- counter pain reliever. Daily sales during the last 15 days were a. Which method would you suggest using to predict future salesa linear...

An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 124 + 2 t, and...

Long- Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The...

Consider the following set (0,2,3,4,5,6) How many six-digit odd numbers can be formed using these digits. Repetition is not allowed. (b) How many numbers greater than 500,000 can be formed using...

Bricktan Incorporated makes three products, Basic, Classic, and Deluxe. The maximum Bricktan can sell is 725,000 units of Basic, 500,000 units of Classic, and 125,000 units of Deluxe. Bricktan has...

Triptych Food Corp. is issuing new nine-year bonds with 21 warrants attached to each $1,000 par value bond. Triptych Food Corp. wanted to issue the bonds at par, but a straight-debt bond (without...