If an ounce of gold is priced at $1,.000 in the US but can be purchased in Mexico for MX $25,000 with an exchange rate of 1 20 MX$S, then according to the principle of purchasing power parity, the Mexican peso is a overvalued relative to the dollar and should lose value against the US dollar over time b in equilibrium with the US dollar. c undervalued relative to the dollar and should lose value against the US dollar over time

Answers

Answer 1

According to the principle of purchasing power parity the Mexican peso is Undervalued relative to the dollar and should lose value against the US dollar over time. (C)

According to the principle of purchasing power parity, the exchange rate should reflect the relative purchasing power of each currency.

In this case, if an ounce of gold costs $1,000 in the US and MX$25,000 in Mexico, the exchange rate should be MX$25 per dollar (25,000/1,000), but the actual exchange rate is 20 MX$ per dollar, which means that the Mexican peso is undervalued relative to the dollar.

This suggests that the peso should lose value over time until it reaches its equilibrium value, where the purchasing power of the two currencies is equalized. Therefore, if you have dollars, it may be a good time to buy pesos, as they are currently undervalued.(C)

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Related Questions

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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On January 1, Year 1, Purl Corp. purchased as a long-term investment $500,000 face amount of Shaw, Inc.’s 8% bonds for $456,200. The bonds were purchased to yield 10% interest. The bonds mature on January 1, Year 6, and pay interest annually on January 1. Purl uses the effective interest method of amortization. What amount (rounded to nearest $100) should Purl report on its December 31, Year 2, balance sheet for these held-to-maturity bonds?

Answers

Answer:

Investment in bonds $468,000

Explanation:

In this case, the journal entry to record the purchase of the bonds should be:

January 1, Year 1, bonds purchased as long term investment

Dr Investment in bonds 456,200

    Cr Cash 456,200

In the balance sheet it would be reported as an asset: Investment in bonds $456,200

amortization of bond discount for first coupon = ($456,200 x 10%) - ($500,000 x 8%) = $45,620 - $40,000 = $5,620

journal entry to record first coupon payment:

January 1, Year 2, first coupon payment collected

Dr Cash 40,000

Dr Investment in bonds 5,620

    Cr Interest revenue 45,620

So the investment in bonds account now has a $461,820 balance

amortization of bond discount for second coupon = ($461,820 x 10%) - ($500,000 x 8%) = $46,182 - $40,000 = $6,182

journal entry to record second coupon payment:

January 1, Year 3, second coupon payment collected

Dr Cash 40,000

Dr Investment in bonds 6,182

    Cr Interest revenue 46,182

So the investment in bonds account now has a $468,002 balance

Since we are told to report the December 31, Year 2, balance, the accrued interest journal entry should be:

Dr Interest receivable 40,000

Dr Investment in bonds 6,182

    Cr Interest revenue 46,182

The account balance is the same though, $468,002 rounded down to $468,000

Which expense category will most likely be changed to allow money for the purchase of a car?
O savings
groceries
Outilities
o entertainment

Answers

entertainment! for sure. you dont need to go to the movies but you need food lol

It is likely that the savings category will be changed to allow money for the purchase of a car.

What is saving?

Saving refers to the act of setting aside a portion of income or resources for future use. It is a critical aspect of personal finance as it allows individuals to plan for their long-term financial goals and provides a safety net in case of unexpected expenses or emergencies.

Saving can be done in a variety of ways, such as opening a savings account, investing in stocks or other assets, or simply keeping cash in a safe place. The amount saved can be small or large, depending on one's income and financial goals.

Some people save for specific goals, such as a down payment on a house or a college education for their children, while others save to build an emergency fund or to save for retirement.

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According to public choice theory, individual self-interests influence the actions of.

Answers

Public choice theory is undisruptive of economics. It describes how human beings participate in making decisions. Various studies have shown that individual self-interest is the force behind taking decisions.

Although there are some people who make decisions for the sake of others the majority make decisions for self-interest. Public choice theory argues that individuals in the public sector make choices that maximize their utility.

People seek solutions consistent with their self-interest. Public choice seeks to maximize his or her own utility. The public choice theory explains government decisions making as a result of individual self-interest. Public choice insists on using the same model of behavior throughout.

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Compare and contrast the features and benefits of a currently held credit card against a new credit card for which you are considering applying. Determine which of the two cards is better, according to your financial needs and goals, and tell why.​

Answers

Answer:

ok

Explanation:

Currently held credit card can only do what ever you have left to do on it. for example whatever are the restrictions on your credit card and how much you can use for it and the interest. A new credit card can be better than the last one but can be harder to obtain if you have bad credit or just trying to get a lot of credit cards. which would also give you bad credit. The benefits would be you have the restrictions on the new card but you know you haven't made a single purchase on it yet so how much you can use it is more likely more than the previous card.

An investment will pay you $400 per year for 25 years with the
first payment received 9 years from today. If you use a 8% rate to
evaluate investments, how much will you pay for the investment
today?

Answers

You should be willing to pay about $2,885.47 for the investment today given an 8% rate of return.To calculate the present value of this investment, we need to use the formula for the present value of an annuity and discount the cash flows back to today's value.

We have an annuity of $400 per year for 25 years, with the first payment received 9 years from today. We can think of this as two separate annuities: one starting in 9 years and one starting immediately.

Calculate the present value of the annuity: PV_A = PMT * (1 - (1 + r)^-n) / r,

where PMT = $400, r = 0.08, and n = 25 years.
PV_A = 400 * (1 - (1 + 0.08)^-25) / 0.08 = 400 * (1 - 0.146) / 0.08 ≈ $5,372.63
Discount the annuity's present value to today's value: PV_Today = PV_A / (1 + r)^t, where t = 9 years.
PV_Today = 5372.63 / (1 + 0.08)^9 ≈ $2,885.47

So, you should be willing to pay about $2,885.47 for the investment today given an 8% rate of return.

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Prompt What is advertising?

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Answer:

An advertisement (often shortened to advert or ad) is the promotion of a product, brand or service to a viewership in order to attract interest, engagement and sales. Advertisements come in many forms, from copy to interactive video, and have evolved to become a crucial feature of the app marketplace.

please help me answer these questions​

please help me answer these questions

Answers

Answer: See explanation

Explanation:

1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.

2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.

3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances

For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.

In 2000, Eric Baker and Jeff Fluhr came up with a concept that would do away with scalping if they had their wish, and everyone used StubHub. The Internet company brings people who want tickets and people who have tickets that they are not using together. The company has assisted in the sale of tens of millions dollars worth of tickets annually and is always trying to sell more. It charges a small fee for its assistance. Baker and Fluhr would be classified as:

Answers

The aim of any business entrepreneur is to have increase or expansion in their business. This growth can only come by careful planning and introduction of new concept into the business. Baker and Fluhr therefore would be classified as growth-oriented entrepreneurs

Entrepreneurship entails having a kind of mindset that is usually focus on any opportunities that may come our way and also been growth oriented. It is simply a set of behaviors.

A growth-oriented entrepreneur is one who is focused on making growth in terms of profits and expansion in business.

Conclusively we can therefore say they are both growth-oriented entrepreneurs

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Jacques maxes out his credit card and then misses several payments in a row before he started paying his bills. How could this affect his credit score and would there be any repercussions from that change?(1 point)

A. His credit score would most likely go down. A low credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.

B. His credit score would most likely go up. A higher credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.

C. His credit score would not change. Credit cards cannot affect credit scores. Only home loans and auto loans (or any vehicle loans, such as boats) can affect your credit score.

D. His credit score would not change. Since he started paying his bills, there would be no negative effects.

Answers

As a result of maxing out the credit card and missing payments, A. His credit score would most likely go down. A low credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.

There are several ways to get a lower credit score including:

Missing payments on your credit card Spending the entire limit on your credit card

When a person's credit score goes low, it means that loaning money to them is riskier and as a result, some lenders will refuse to lend the person money and if they do, they will charge a higher rate to compensate for the higher risk.

In conclusion, option A is correct.

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For proper operation instructions of the jointer

Answers

Answer:

Consult the manufacturer's manual or seek professional assistance for proper operation instructions of the jointer.

Explanation:

Jointers are powerful and potentially dangerous woodworking tools that require proper handling and operation to ensure safety and effectiveness. It is important to consult the manufacturer's manual for specific instructions on how to properly operate the jointer, including safety precautions, proper setup, and maintenance procedures. The manual may also provide guidance on selecting the right blades and adjusting the machine for optimal results. In addition, it may be helpful to seek professional assistance or training on how to use the jointer safely and effectively, especially if you are a beginner. This will ensure that you are using the tool properly and minimizing the risk of injury or damage to the machine. Therefore, for proper operation instructions of the jointer, it is recommended to consult the manufacturer's manual or seek professional assistance.

For proper operation instructions of the jointer Rabbeting.

Joiners are strong, possibly dangerous woodworking tools that need to be handled and used correctly to be safe and effective. For detailed instructions on how to use the jointer safely, correctly, and in terms of setup and maintenance, it is crucial to refer to the manufacturer's manual.

Choosing the best blades and tuning the machine for best results may both be covered in the manual. Additionally, especially if you are a newbie, it may be beneficial to seek out expert advice or instruction on how to use the jointer securely and successfully.

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Your question is incomplete, but most probably the full question was.

For proper operation instructions of the jointer is ______

In what three ways does the government affect production of goods and services in the US economy?

Answers

Government activity affects the economy in four ways: The government produces goods and services, including roads and national defense. Less than half of federal spending is devoted to the production of goods and services

Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by utilizing the latest trends in visual merchandising. What can Ramon do to achieve this?

Answers

Answer:quit school and beco

Explanation:

Answer:

C.  install mannequin robots to display clothes

Explanation:

Among the offered answers, a truly avantgarde, modern approach is to implement robot mannequins in the store. With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.

If something is an intangible or tangible characteristic of a product, service, or offering, it is considered a:_________

Answers

If something is an intangible or tangible characteristic of a product, service, or offering, it is considered as a feature of the product.

Tangible assets are generally physical assets or property owned by any company. Tangible assets are the main type of assets which the companies generally use to produce their product and service.

Intangible assets however  don't physically exist, yet they do have a monetary value since they also  represent potential revenue.

There are different types of assets which could be considered as tangible or intangible and  some of which are short-term or long-term assets.

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Just before you reach a corner and turn, you should reduce your speed to what?
5 MPH
8 MPH
15 MPH
25 MPH

Answers

15 MPH you should reduce too

Answer:

you should reduce your speed to 15 MPH

Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?​

Answers

Answer:

200 i think sorry if im wrong

Explanation:

If the charitable contributions of a firm are tied directly to the customer revenues produced through the promotion of one of its products, it is practicing ______.

Answers

Answer: Cause Marketing

A variable can be called or referenced before it has been defined.
O True
O False

Answers

Answer:

True.

Explanation:

This assignment requires students to look at an innovative organization that they personally find interesting and perhaps inspiring.
Select an organization from the following list – that you feel demonstrates sustained innovation.
Find information about the organization – you may wish to interview employees, or do some primary-source research about the organization (e.g. through company reports). It is okay to focus on only one innovative aspect of an organization which, in other respects, is not innovative.
Describe what identifies that organization or part of that organization as innovative in your estimation.
Write a formal paper describing what contributed to that organization being innovative. Identify underlying concepts, techniques, and processes that sets this innovative organization apart from other similar organizations.
Provide hypothetical arguments or generalizations as to why you feel this organization is innovative, based on both the innovative blocks they avoid and the organizational attributes they demonstrate.
Your paper should be 1,500 words, excluding the title page and reference page.

Answers

It may be a well-known business or an unassuming group of people that thrive at invention. In order to distinguish the company from competitors in its field, look for instances of novel goods. Think of elements like leadership, culture, employee. A flat organizational structure, cross-functional teams, efforts for ongoing learning, rewards for creativity, and a supportive leadership style are a few examples of organizational characteristics that foster innovation.

Take into account the following actions when evaluating an organization's innovation:

Decide on a company: Pick a company that, in your opinion, consistently innovates. It may be a well-known business or an unassuming group of people that thrive at invention.

Assemble information: Make inquiries about the company. Look for both primary and secondary sources, including corporate reports, case studies, staff interviews, news stories, and any information about the company's cutting-edge procedures.

Determine the inventive elements: Find out which particular elements of the company or its procedures are innovative. In order to distinguish the company from competitors in its field, look for instances of novel goods, services, business models, technology, or approaches to problem-solving.

Examine the underlying causes: Determine the fundamental ideas, methods, and procedures that support the organization's inventive success. Think of elements like leadership, culture, employee empowerment, collaboration, investments in R&D, customer-centricity, open innovation practices, strategic alliances, or unusual approaches to problem-solving.

Describe innovative qualities: Give specific examples of how the highlighted characteristics support the organization's success in innovation. Give instances and proof to back up your claims. Describe how the company supports an innovation culture, promotes information sharing, welcomes failure as a learning opportunity, and provides an atmosphere that stimulates creativity and idea development.

Provide hypothetical justifications or generalizations for your belief that the organization is innovative based on your analysis. Talk about how the company overcomes common obstacles to innovation including change aversion, bureaucracy, compartmentalised thinking, risk aversion, and a lack of teamwork. A flat organisational structure, cross-functional teams, efforts for ongoing learning, rewards for creativity, and a supportive leadership style are a few examples of organisational characteristics that foster innovation.

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Sustained Innovation of Apple Inc. stands out as an innovative organization due to its customer-centric approach, culture of innovation, integrated ecosystem, design excellence, and embrace of emerging technologies.

Introduction:

In today's rapidly changing business environment, innovation has become a key driver of success for organizations. This paper focuses on Apple Inc., a renowned technology company known for its sustained innovation. By examining the organization's innovative culture, processes, and products, this paper aims to identify the underlying concepts, techniques, and processes that contribute to Apple's innovative success.

Identifying Apple Inc. as an Innovative Organization:

Apple Inc. is widely recognized as an innovative organization due to its consistent track record of groundbreaking products and services. From the introduction of the Macintosh computer in 1984 to the revolutionary iPhone and more recent developments such as Apple Watch and AirPods, Apple has consistently pushed the boundaries of technological innovation. The organization's ability to anticipate and shape consumer needs, its focus on design excellence, and its seamless integration of hardware, software, and services are key factors that set Apple apart as an innovative company.

Factors Contributing to Apple's Innovation:

Customer-Centric Approach:

Apple's success lies in its deep understanding of customer needs and preferences. The organization places a strong emphasis on user experience, employing a customer-centric approach in product development. Apple's innovative products are designed with simplicity, elegance, and intuitive user interfaces, enhancing user engagement and satisfaction.

Culture of Innovation:

Apple's corporate culture fosters and rewards innovation. The organization encourages employees to think differently, take risks, and challenge the status quo. This culture of innovation is embedded in Apple's DNA and is reinforced through a strong leadership vision set by visionaries like Steve Jobs and Tim Cook.

Integrated Ecosystem:

Apple's ecosystem is a key driver of its innovation. By tightly integrating its hardware, software, and services, Apple creates a seamless user experience across its product line. This integration allows for the development of innovative features and functionalities, facilitating interoperability and enhancing user satisfaction.

Design Excellence:

Apple's commitment to design excellence is another distinguishing factor contributing to its innovation. The organization places great importance on aesthetics and usability, creating products that are not only technologically advanced but also visually appealing. This focus on design has garnered Apple a loyal customer base and has set new standards for product design in the technology industry.

Embracing Emerging Technologies:

Apple has consistently demonstrated its ability to identify and leverage emerging technologies. The organization actively invests in research and development, exploring new technologies and their potential applications. By embracing emerging trends such as artificial intelligence, augmented reality, and wearable technology, Apple maintains its position at the forefront of innovation.

Hypothetical Arguments and Generalizations for Apple's Innovation:

Apple's innovative success can be attributed to several hypothetical arguments and generalizations:

Strategic Vision: Apple's strong leadership and strategic vision drive its innovation. The organization sets clear goals and invests in research and development to bring visionary ideas to life.

Cross-Disciplinary Collaboration: Apple promotes cross-disciplinary collaboration, bringing together experts from diverse fields to generate innovative ideas. This collaborative approach fosters creativity and facilitates the development of groundbreaking products.

Iterative Design Process: Apple follows an iterative design process, continuously refining and enhancing products based on user feedback. This iterative approach enables rapid innovation and the incorporation of new technologies.

Focus on User Experience: Apple's relentless focus on delivering exceptional user experiences fuels its innovation. By prioritizing user needs and preferences, Apple consistently develops products that resonate with consumers and exceed their expectations.

Conclusion:

Apple Inc. stands out as an innovative organization due to its customer-centric approach, culture of innovation, integrated ecosystem, design excellence, and embrace of emerging technologies. The organization's ability to consistently bring innovative products to market has propelled its success and established it as a leader in the technology industry.

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QUESTION 4 Risk Management: The following phrase defines/explains Tier 1: • Tier 1 addresses the risk of an organization from the view of establishing and implementing a Governance structure that are inline with the strategic goals and objectives of organizations and the requirements defined by federal laws, directives, policies, regulations, standards, and missions/business functions. It also defines the following: o Structure • Establish the risk management strategy • Governance True O False

Answers

True By doing so, Tier 1 ensures that risk management is embedded in the organization's decision-making processes and aligns with its strategic direction.

The statement is true. Tier 1 in risk management refers to the level that focuses on establishing and implementing a governance structure aligned with the strategic goals and objectives of the organization. It involves ensuring compliance with federal laws, directives, policies, regulations, standards, and missions/business functions. Tier 1 is responsible for defining the risk management strategy and governance framework within the organization. This includes setting up the necessary structures and processes to effectively manage risks and ensure that risk management practices are integrated into the overall governance framework

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Answers

Answer:

how long did is take to make that

Explanation:

Lol what is that even

If the supply of a product decreases, then we would expect equilibrium price.

Answers

If the supply of a good changes such that it decreases, we can expect the equilibrium price to increase.

What happens when supply decreases?

When supply decreases relative to demand, the good will become more scarce because the supply available will not match the demand as well.

The equilibrium price will therefore go up to reflect this relative scarcity and to assign the goods to those who can afford to pay higher to get it.

In conclusion, the equilibrium price will increase.

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Ali make a profit of $50.00 on a shirt. He bought it for $72.00. How much did Ali sell it for?​

Answers

Answer:

$122

Explanation:

Given that Ali bought a shirt and profited from it, we can expect that Ali sold the original shirt for more than its value.

Reselling Price: 72 + 50 = 122

Final Profit: 122 - 72 = 50

profit=50.00

cp=72.00

loss =?

we know that,

profit =cp-sp

50.00=,72.00-sp

72.00+50.00

SP=122

compare everything to cell to a house​

Answers

The nucleus is the center of the cell so it would most likely be a living room.
The neutrons and protons would most likely be bedrooms, spare rooms, closets, etc
the electrons would most likely be the bathroom or the outside.

A European MNC has the equivalent of Euro1 million cash outflows in each of two highly negatively correlated currencies. During ____ euro cycles, cash outflows are ____.
a. weak; somewhat stable
b. weak; favorably affected
c. weak; adversely affected
d. None of these are correct.

Answers

A European MNC (Multinational Corporation) has the equivalent of Euro1 million cash outflows in each of two highly negatively correlated currencies. During weak euro cycles, cash outflows are adversely affected.

This is because the Euro is considered weak, meaning the currency's worth or purchasing power is declining compared to other currencies.

During weak euro cycles, cash outflows are adversely affected since the MNC's cash outflows will result in spending more money on foreign currency to pay the expenses, thus causing a loss for the MNC as they have to pay more than they intended, due to the weak euro.

However, during strong euro cycles, the cash outflows would be favorably affected since the MNC's expenses will be lower since the value of the euro would be higher and the purchasing power of the Euro would be greater.

Hence, Option (c) "weak; adversely affected" is correct.

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In the context of inventory costs, _____ costs can reflect backorders or service interruptions for external customers.

Answers

In the context of inventory costs, Stockout costs can reflect backorders or service interruptions for external customers.

What are Stockout costs?The capital lost from inventory that is no longer available for customers to purchase is known as stockout costs. The company loses money when a customer cannot purchase an item because it is out of stock.Stockout costs might represent backorders or interruptions in service for customers outside the supply chain in the context of inventory expenses.The three basic types of inventory-related expenses are ordering, holding, and shortage costs.Managers struggle to predict customer demand, especially when there is a significant departure from historical sales, which makes it challenging to calculate stock-out costs.

Therefore, n the context of inventory costs, Stockout costs can reflect backorders or service interruptions for external customers.

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colt is worried about layoffs at his company and fears he may lose his job. what is this an example of? group of answer choices job insecurity turnover unhealthy work-life balance an attitude problem

Answers

Colt's concern about potential layoffs at his company and the possibility of losing his job is an example of job insecurity. Here option A is the correct answer.

Job insecurity is a term used to describe an employee's perceived risk of losing their job or experiencing a decline in job quality. It is a common concern in today's workforce due to economic uncertainty, company reorganizations, and technological advancements that may replace human workers.

Job insecurity can have significant negative effects on an employee's mental health and job performance, leading to decreased job satisfaction, lower commitment to the organization, and increased absenteeism. It can also lead to physical health problems such as headaches, fatigue, and sleep disturbances.

It is important for organizations to address job insecurity by providing employees with clear communication about the company's plans, offering training and development opportunities to enhance job skills, and creating a positive work environment that fosters job security and employee well-being.

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Complete question:

Colt is worried about layoffs at his company and fears he may lose his job. what is this an example of? group of answer choices

A - job insecurity

B - turnover

C - unhealthy work-life balance

D - an attitude problem

When preparing a business message, you should make your writing audience oriented. Audience oriented means a. attempting to get your audience to believe and accept your message. b. writing to solve a problem or convey information. c. presenting ideas clearly but concisely. d. concentrating on looking at the message from the receiver's perspective.

Answers

Answer:

D. Concentrating on looking at the message from the receiver's perspective.

Explanation:

When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.

Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.

How cost-benefit analysis helps government?

Answers

Cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.

What is the cost-benefit analysis?

Cost-benefit analysis can be used to assess the costs and benefits of interventions when both are expressed in monetary terms.

Concept symbol Cost-benefit analyses (CBA) and CEA consider health outcomes.

The net present value (NPV), economic rate of return (ERR), and benefit-cost ratio are three suggestive criteria that can be used in a cost-benefit analysis to determine the economic sustainability of a safer school IPF before the project is implemented.

Cost-benefit analysis has been employed as one technique.

This makes an attempt to evaluate and analyze the discounted streams of future benefits and future costs connected with a proposed project in terms of money, much like the forces of the market do for business initiatives.

Therefore, cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.

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identify the decisions and activities made by a manufacturing and service operations manager that have potential impact on the product quality. (check all that apply.) - Scheduling of work- Design of work policies- Management of facilities and equipment- Design and execution of processing procedures

Answers

The decisions and actions taken by a manufacturing and service operations manager that have the potential to affect the product quality are the design and execution of processing procedures.

A design is a plan or specification for the creation of a system, an object, or the implementation of an activity or a process, or the outcome of that plan or specification in the form of a prototype, finished good, or method. The action of designing describes how a design is created. In some design circumstances, the act of directly creating an object without a clear prior plan (such as in craftwork, some engineering, coding, and graphic design) may also be regarded as a design activity.

The design typically has to adhere to a set of objectives and restrictions; it might also take into account economic, socio-political, or functional factors; and it is anticipated to interact with a specific environment.

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