The value loss caused by deviation from the target is $22.22 per unit.
The value loss caused by deviation from the target can be calculated by multiplying the mean squared deviation from the target by the repair cost. In this case, the mean squared deviation from the target is (1/2) and the repair cost is $200.
To calculate the value loss per unit, we multiply the mean squared deviation from the target by the repair cost:
Value Loss per Unit = (1/2) * $200 = $100
However, it is important to note that the specifications of the product are given as 10+3, which implies a target value of 10 and a tolerance of ±3. The mean squared deviation from the target is given as (1/2), which represents the variance of the process. Without further information on the distribution of the quality characteristic, it is not possible to directly calculate the value loss caused by deviation from the target.
Therefore, none of the options provided (A, B, C, D) accurately represents the value loss per unit.
Learn more about deviation here:
https://brainly.com/question/29758680
#SPJ11
Why can you win a presidential election without winning the most individual votes?
Answer:
Because of Electoral College system
Explanation:
Answer:
You can win when you get more electoral college votes than your opponent. The first to 270 votes wins the race.
Explanation:
(hope this helps :P)
We are interest rate compounded annually beginning balance 1000 annual interest rate 8% what will your ending balance be after one year
Answer:
1080
Explanation:
Compound interest involves the reinvesting of interest.
The formula for compound interest is given by:
\(A=P(1+\frac{r}{n} )^{nt}\)
Where P is the principal (i.e the beginning balance),
r is the rate,
n is the number of times it is compounded,
t is the number of years
A is the ending balance.
Given that P = 1000, r = 8% = 0.08, t =1 years and it is compounded annually (i.e n = 1).
Substituting values into the formula and calculating gives:
\(A=P(1+\frac{r}{n} )^{nt}\\A=1000(1+\frac{0.08}{1} )^{1*1}\\A= 1000(1+0.08)=1000(1.08)\\A=1080\)
which of the following factors contribute to economic growth? an increase in population. an increase in population. an increase in the standard of living. an increase in the standard of living. a decrease in the productivity of labor. a decrease in the productivity of labor. an increase in capital depreciation
A factor that would contribute to economic growth is an increase in the standard of living (second option).
What is economic growth?Economic growth is when there is an increase in the real gross domestic product of a country. When there is an economic growth, there is an increase in the real income and standard of living.
An increase in labor productivity would increase the level of production in the economy. This would increase economic growth. When there is an increase in capital appreciation, there would be an increase in production. This would increase economic growth. Growth in human capital also increase economic growth.
To learn more about economic growth, please check: https://brainly.com/question/11679822
#SPJ1
enter mia profit/loss for the 2 month
Why do you think that agriculture and Forestry related occupation and important? Give reasons?
Answer:
These careers supply us with a multitude of food products and alternative energies, among many other important resources for sustaining our country and contribution to the world economy.
outline 2 advantages to H&H of using secondary market research
When can the wage bracket method be used to calculate employee federal withholding?
The wage bracket method can be used if an employee claims up to 10 allowances.
The wage bracket method is considered the most straightforward approach, as it tells you the exact amount to withhold based on the employee's taxable wages, number of allowances, marital status, and payroll period.
The wage bracket method is used when an employee claims up to 10 allowances. Thus, this method stops at 10 allowances and limits the number of wages that can be used to calculate withholding which brings us to the percentage method.
Hence, for employees, withholding is the amount of federal income tax which is withheld from your paycheck.
To learn more about wage bracket method here:
https://brainly.com/question/4298286
#SPJ4
Through risk-sharing activities, a financial intermediary ________ its own risk and ________ the risks of its customers.
Through risk-sharing activities, a financial intermediary mitigates its own risk and assumes the risks of its customers. One way a financial intermediary accomplishes this is by diversifying its portfolio.
By spreading its investments across various assets, sectors, or geographical regions, the intermediary reduces the impact of any single investment's risk. For example, a bank may lend to borrowers in different industries to minimize the impact of a default by one borrower.
Additionally, financial intermediaries can also transfer risk through insurance or hedging strategies. They may purchase insurance policies to protect against potential losses, or use derivative instruments to hedge against fluctuations in interest rates or currency values.
These risk-sharing activities help the financial intermediary protect its own capital while simultaneously assuming some of the risk faced by its customers. By doing so, the intermediary facilitates the flow of funds between savers and borrowers, promoting economic growth and stability.
Learn more about Solution here:
https://brainly.com/question/32144756
#SPJ11
list 5 things and elaborate on how you believe those things
impacted positively while you were in school. Which also prepared
you for an amazing future in a great profession.
My top five school-related experiences that had a beneficial influence on me and helped me get ready for an awesome career include: First of all, I think my professors and mentors' advice and assistance were really helpful in helping me become ready for the future.
What was the person equipped with ?They equipped me with the information and abilities I needed to succeed and inspired me to pursue greatness in all that I do. In order to provide me the finest direction and advise that was catered to my particular requirements, they also took the time to get to know me and comprehend my unique strengths and shortcomings.
Second, I think that my involvement in extracurricular activities throughout my time in school contributed to the growth of my broad set of abilities that will be useful to me in the future.
Through these events, I was able to discover new interests and hone my leadership, communication, and problem-solving skills. Additionally, I got the chance to network with other students and professionals, which has been extremely helpful to me in developing contacts that will aid me in the future.
Third, I think the courses I did in school were really helpful in helping me be ready for the future. I have the information and abilities I need to succeed in my chosen job because to the lessons I studied. The lessons I attended also forced me to think critically and hone my problem-solving abilities, which have been crucial to my success in the future.
Learn more about profession at:
https://brainly.com/question/23186207
#SPJ4
Which technologies have made global communication instant and more effective? Choose three answers.
social media
wireless devices
smart phones
automobiles
printed newspapers
The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.
The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.
Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.
Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.
Learn more here:
https://brainly.com/question/16499151
Answer: a b c
Explanation:
just took the unit
What is the percentage decrease in revenue
The revenue earned from tourists in Florida was:
2018 – $4 381 million
2019 – $3 607 million
What is the percentage decrease in revenue from tourists to Florida?
Select one answer
A) 17.67%
B) 21.46%
C) 82.33%
D) 121.46%
Answer:
c) 82.33 is the percentage decrease in revenue from tourist to Florida
8. Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 12% and 16%, respectively. The beta of A is 0.7, while that of Bis 1.4. The T-bill rate is currently 5%, whereas the expected rate of return of the S&P 500 index is 13%. The standard deviation of portfolio A is 12% annually, that of B is 31%, and that of the S&P 500 index is 18%. (LO 18-2)
a. If you currently hold a market-index portfolio, would you choose to add either of these portfolios to your holdings? Explain.
b. If instead you could invest only in T-bills and one of these portfolios, which would you choose?
a. If you currently hold a market index portfolio, you should choose to add portfolio B to your holdings rather than portfolio A because the expected rate of return on portfolio B is 16%, which is higher than the expected rate of return on portfolio A, which is 12%.
Since beta measures a portfolio's systematic risk or volatility compared to the market portfolio, a higher beta indicates higher systematic risk or volatility. Since Portfolio B has a higher beta (1.4) than Portfolio A (0.7), this is consistent with Portfolio B being more volatile than Portfolio A.
However, portfolio B's higher expected return of 16% may be adequate to compensate for this additional risk. As a result, portfolio B provides a higher rate of return with a higher degree of risk.
b. If you can only invest in T-bills and one of these portfolios, you should choose portfolio A because it has a lower standard deviation of 12% compared to portfolio B's 31%, which makes it less volatile and more stable.
The expected rate of return on portfolio A is 12%, which is greater than the T-bill rate of 5%. As a result, portfolio A has a higher expected return, but it also has lower risk and volatility, making it a safer and more stable choice than Portfolio B.
For more questions on: market index
https://brainly.com/question/28849521
#SPJ8
Which type of interest will allow principal to grow quicker?
A) Compound
B) Simple
C) It grows the same.
This question is from economic and personal finance
Compound interest bases the interest paid each period on both the principal debt and any accrued but unpaid interest. Interest grows over time.
What kind of interest expands more quickly?It is obvious that money grows faster when it earns compound interest compared to when it earns basic interest. If you invest $2,000 at an interest rate of 8.5% compounding twice a year for five years, to return to the example above, your final total will be $3,032.43.
Simple interest or compound interest accumulates more quickly?Compound interest accelerates the growth of your money since it calculates interest on both the initial principal and the interest that has accrued over time. Compounding can have a snowball effect, where the initial investments grow along with the revenue generated by those assets.
To know more about compound interest visit:-
https://brainly.com/question/21761974
#SPJ1
When should you record the information you need to prepare a reference? list?
A. Before you research B. When you finish your first draft C. After your research is complete D. When you start your second draft E. As you research
You should record the information you need to prepare a reference list (E) as you research. Therefore, correct option is (E).
Explanation:As you research. It is best to record the information you need to prepare a reference list as you conduct your research. This helps ensure that you have all the necessary information and saves time in the long run. Waiting until after your research is complete or until you start your second draft may result in missing important details or having to go back and gather information that was not previously recorded.
You should record the information you need to prepare a reference list (E) as you research. This allows you to keep track of your sources in an organized manner, making it easier to create the reference list when it is time to finalize your work.
To know more about Preparing a reference list.
visit:
https://brainly.com/question/7321858
#SPJ11
Whose permission do you need to write or arrange pieces that are Traditional or in the Public Domain? I said copyright owner but my teacher says I’m wrong
Answer:
Explanation:
She's right, but you have a nice thought. It is always a good idea to try to give credit where credit is due.
Public Domain refers to written material that no one has a lien on. No one owns the copywrite. No one holds any claim on the material at all. So there is no need to try and get permission because no one is listed to get the permission from.
If you have a cell phone that does just about everything but make coffee in the morning, you can download an app called free books. Some are very good. They are all in public domain.
Briefly explain the laws that apply to the promotion of this product/service.
Explanation:
Product promotion is the act of advertising a good or service with the goal of increasing sales. Many companies use different techniques to promote their products through a vast array of communication media.
Clearly answer the following questions. Explain your answers in detail.
a) How does forecasting lead to an increase in profit of an organization? Explain your answer by giving an example.
b) State three advantages of forecasting within an organization.
c) What are the tactics for Matching Capacity to Demand when capacity exceeds demand?
Notes about the assessment:
• Your paragraphs should be well organized with appropriate format and relevant content.
• Plagiarism is not allowed (You need to paraphrase the content from your sources)
• Please do not Copy and Paste from any sources You should answer in your own words.
a) Forecasting leads to an increase in profit of an organization in various ways. For instance, forecasting helps businesses to prepare for future needs and potential opportunities. In this regard, the organizations can allocate their resources such as labor, raw materials, and capital effectively. This, in turn, reduces wastage, increases efficiency, and lowers the costs of production.
Example: Suppose the forecast shows that demand for product X will increase in the coming year. The organization can then decide to increase production to meet the anticipated demand. This may lead to an increase in the organization's sales revenue, consequently leading to an increase in profit.
b) The advantages of forecasting within an organization include:
Better planningRisk managementImproved decision makingc) There are various tactics for matching capacity to demand when capacity exceeds demand. They include:
Increase marketing effortsDiversify product or service offeringsAdjust pricingForecasting leads to an increase in profit of an organization as it helps the organization to prepare for the future and make informed decisions. It enables organizations to plan ahead and avoid unnecessary costs, thereby increasing profits. For example, a manufacturing company can use forecasting to predict the demand for its products in the future and plan its production accordingly. This helps the company to avoid overproduction or underproduction, reduce wastage, and save on costs, leading to increased profits.
The three advantages of forecasting within an organization are:
Better planning: Forecasting helps organizations to plan better by providing them with insights into the future. This enables organizations to allocate resources efficiently and make informed decisions that help them achieve their goals.Risk management: Forecasting helps organizations to manage risks by identifying potential risks and taking proactive measures to mitigate them. This reduces the impact of risks on the organization and helps them to stay competitive in the market.Improved decision making: Forecasting provides organizations with accurate information about the future, which enables them to make informed decisions. This reduces the likelihood of making wrong decisions, thereby increasing the chances of success.The tactics for matching capacity to demand when capacity exceeds demand are:
Increase marketing efforts: Organizations can increase their marketing efforts to attract more customers and increase demand for their products or services. This can be done by offering discounts, promotions, or improving the quality of their products or services.Diversify product or service offerings: Organizations can diversify their product or service offerings to attract a wider customer base and increase demand. This can be done by introducing new products or services that cater to different market segments.Adjust pricing: Organizations can adjust their pricing strategy to match demand by reducing prices during periods of low demand to attract more customers and increase sales. Conversely, they can increase prices during periods of high demand to maximize profits.Learn more about Forecasting: https://brainly.com/question/21445581
#SPJ11
performance evaluations should occur more often than once a year. group of answer choices true false
The statement "performance evaluations should occur more often than once a year." is true because Performance evaluations should occur more often than once a year to ensure that employee performance is being monitored.
This provides regular feedback to employees and management about areas of improvement. Additionally, ongoing performance evaluations can help to identify any emerging problems and to address any changes that need to be made in order to reach objectives.
It is important that performance evaluations occur on a regular basis, such as quarterly, semi-annually, or annually, to provide continual guidance and feedback to employees.
To know more about guidance click on below link:
https://brainly.com/question/839980#
#SPJ11
Ahmed wants to open a small business selling custom bikes, and is looking at ways of raising money. He owns his own house and is considering acquiring a second mortgage. He is also speaking to his bank about a loan and is looking at crowd-funding sites, as he thinks his product is innovative and could attract investors.
- Assess a mortgage, a loan and crowd-funding as sources of finance for Ahmed.
Explanation:
Mortgages (Pros & Cons)
Defintion-
These are long-term loans, normally around 25 years, that are secured against specific asset, for example a building
Interest will be payable on the mortgage
Pros-
Large amounts of finance can be raise and repaid over a prolonged period of time
Ownership or control is not lost
Cons-
Interest is charged on the amount borrowed
Interest rates can fluctuate
Often secured against an asset which can be seized if repayments are missed
Interest has to be paid regardless of whether a profit is being made
Not suitable for small amounts or as a short-term source of finance .
An instrument used to enlarge or reduce a map is known as
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
encouraging qualified people to apply for employment with a firm
Recruitment involves option C. attracting and selecting employees for a firm.
It is the process of identifying, sourcing, and attracting potential candidates to fill job vacancies within an organization. Recruitment plays a vital role in ensuring that a company has a pool of qualified and suitable candidates to choose from when filling job positions.
Encouraging qualified people to apply for employment (option A) is indeed a part of the recruitment process. This includes activities such as creating job advertisements, promoting job openings through various channels, and reaching out to potential candidates to generate interest in the available positions.
Selecting qualified people for employment (option B) is actually the subsequent step in the overall hiring process, which is known as selection. Recruitment focuses on attracting and identifying potential candidates, while selection involves assessing and choosing the most suitable candidates from the pool of applicants.
Determining sources of employees (option D) is a part of the recruitment strategy, as it involves identifying and utilizing different channels and methods to attract potential candidates. This includes sources such as job boards, social media platforms, career fairs, employee referrals, and recruitment agencies.
In summary, recruitment involves attracting and selecting employees for a firm. It encompasses activities such as promoting job opportunities, sourcing candidates, reviewing applications, conducting interviews, and ultimately making hiring decisions. The aim of recruitment is to ensure that the organization can identify and hire individuals who possess the skills, qualifications, and attributes necessary to contribute to the success of the company. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
What does recruitment involve?
A) encouraging qualified people to apply for employment with a firm
B) selecting qualified people for employment at a firm
C) attracting and selecting employees for the firm
D) determining sources of employees
Know more about Recruitment here:
https://brainly.com/question/30357065
#SPJ8
Part 1:
In year 1, the firm sold 300 units of its product at$ 5 per unit. In year 2, the price decreased to$ 4 per unit, but the firm increased the number of units sold to 400 units.
What was the firm’s total revenue in year 1?
What was the firm’s total revenue in year 2?
What was the percentage change in the firm’s total revenue from year 1 to year 2?
Part 2:
A toy company sold 500 remote controlled helicopter in the previous month for$ 30 each. However, 50 were returned because they didn’t fly right. What was the company net sales revenue?
Part 3:
Nissan sells the following vehicles, here are the types and list prices: Compact: $18,000 Mid-size: $28,000 SUV : $32,000 Truck: $45,000 Nissan sold 55 compacts, 76 mid-size, 110 SUV and 105 trucks last month. What is their total sales revenue? A new advertising campaign for trucks starts the following month, If truck sales increase by 20 vehicles, what will the new sales revenue be?
A. 1. The firm's total revenue in year 1 was $1500.
2. The firm's total revenue in year 2 was $1600.
3. The percentage change in the firm's total revenue from year 1 to year 2 was 6.67%.
B. The company's net sales revenue is $13,500 after deducting returns.
C. The total sales revenue last month was $11,363,000, and after increasing truck sales by 20 vehicles, the new total sales revenue would be $12,263,000.
A. To calculate the firm's total revenue in each year, you need to multiply the number of units sold by the price per unit.
1. Total revenue in year 1:
Number of units sold = 300
Price per unit = $5
Total revenue = Number of units sold × Price per unit
Total revenue in year 1 = 300 × $5 = $1500
2. Total revenue in year 2:
Number of units sold = 400
Price per unit = $4
Total revenue = Number of units sold × Price per unit
Total revenue in year 2 = 400 × $4 = $1600
3. Percentage change in total revenue from year 1 to year 2:
Percentage change = ((New value - Old value) / Old value) × 100
= ((Total revenue in year 2 - Total revenue in year 1) / Total revenue in year 1) × 100
= (($1600 - $1500) / $1500) × 100
= ($100 / $1500) × 100
= 0.0667 × 100
= 6.67%
B. To calculate the net sales revenue for the toy company, we need to consider the total number of helicopters sold and the price per helicopter after deducting the returns.
Given information:
- Total helicopters sold: 500
- Price per helicopter: $30
- Number of helicopters returned: 50
Revenue from sold helicopters = Total helicopters sold * Price per helicopter
= 500 * $30
= $15,000
Revenue lost due to returns = Number of helicopters returned * Price per helicopter
= 50 * $30
= $1,500
Net sales revenue = Revenue from sold helicopters - Revenue lost due to returns
= $15,000 - $1,500
= $13,500
C. To calculate the total sales revenue for the given quantities, we need to multiply the number of each vehicle type by its corresponding list price and sum up the results.
The sales revenue for each type of vehicle is as follows:
Compact: $18,000 × 55 = $990,000
Mid-size: $28,000 × 76 = $2,128,000
SUV: $32,000 × 110 = $3,520,000
Truck: $45,000 × 105 = $4,725,000
To find the total sales revenue, we add up the revenues for each vehicle type:
Total sales revenue = $990,000 + $2,128,000 + $3,520,000 + $4,725,000
= $11,363,000
The new sales revenue for trucks can be calculated as follows:
Increased truck sales: 105 + 20 = 125 trucks
New truck sales revenue = $45,000 × 125 = $5,625,000
To find the new total sales revenue, we replace the truck sales revenue with the increased value and recalculate the total:
New total sales revenue = $990,000 + $2,128,000 + $3,520,000 + $5,625,000
= $12,263,000
To learn more about Revenue follow the link:
https://brainly.com/question/27325673
#SPJ4
The complete question is:
A: In year 1, the firm sold 300 units of its product at$ 5 per unit. In year 2, the price decreased to$ 4 per unit, but the firm increased the number of units sold to 400 units.
1. What was the firm’s total revenue in year 1?
2. What was the firm’s total revenue in year 2?
3. What was the percentage change in the firm’s total revenue from year 1 to year 2?
B: A toy company sold 500 remote controlled helicopter in the previous month for$ 30 each. However, 50 were returned because they didn’t fly right. What was the company net sales revenue?
C: Nissan sells the following vehicles, here are the types and list prices: Compact: $18,000 Mid-size: $28,000 SUV : $32,000 Truck: $45,000 Nissan sold 55 compacts, 76 mid-size, 110 SUV and 105 trucks last month. What is their total sales revenue? A new advertising campaign for trucks starts the following month, If truck sales increase by 20 vehicles, what will the new sales revenue be?
What is a broker?
Career Prep Edge
Answer:
A broker refers to an individual who is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.
Explanation:
A broker refers to an individual or business firm that is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.
Generally, a broker acts as an intermediary between a buyer (investor) and a seller (securities exchange) for a commission or an agreed upon fee after executing the deal. Thus, a broker also referred to as a stockbroker acts as a principal party in the buying or selling of stocks or securities in the financial markets.
Additionally, the actions or activities of a broker in the financial market is regulated by regulatory (financial) institutions such as the securities and exchange commission (SEC).
Answer:
A broker refers to an individual who is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.
Explanation:
A broker refers to an individual or business firm that is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.
Generally, a broker acts as an intermediary between a buyer (investor) and a seller (securities exchange) for a commission or an agreed upon fee after executing the deal. Thus, a broker also referred to as a stockbroker acts as a principal party in the buying or selling of stocks or securities in the financial markets.
Additionally, the actions or activities of a broker in the financial market is regulated by regulatory (financial) institutions such as the securities and exchange commission (SEC).
Explanation:
which incident inspired Aaitaman?
Answer:
you can search either in Google or brainly and then you will have the answer
Describe the accommodation(s) you believe are needed to enable you to perform the essential functions of this job mean.
An employee has to perform the essential functions of the job mean even if he or she is not provided with accommodation(s).
What are the essential functions of a job?The essential functions of a job are the roles that a job covers for an employee to perform.
The reason that job is provided is to perform the jobThe employer hires the employee because that person is an expert in performing that jobOne employee should perform all his responsibilities because he is present there to accomplish the plans of the organization by completely doing his dutiesAll the duties and responsibilities of the employee are to be performed have already mentioned very clearly in the agreement before the employee joins the jobThe experience of the employee and the duration he or she works is also be considered in the essential functions to be performedTo learn more about essential functions of a job, refer to:
https://brainly.com/question/26372895
#SPJ4
what is Revenue ???
Answer:
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit.
Explanation:
Not my answer
Answer:
\(\huge \color {gold} \boxed { \colorbox {black}{ ANSWER }}\)
Revenue is the money generated from normal business operations, calculated as the average sales price times the number of units sold.
theg3eu3guyrgufgrgifrggiygiyrgirgigv
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
which type of listing is most like a unilateral contract in that it is a promise to pay a commission to any agent who brings in the qualified buyer to close?
The process of open listing is the type of listing that is likely a promise to make payments of commissions to the agents who have brought in the qualified buyer to a close.
The open listing is to be understood as a type of listing wherein the agents are paid commissions for deriving the utterly important sales of the organization. According to this type of listing, an agent holds a promise to be paid his or her commission for bringing a purchase deal to close, and driving the sales force within an organization.
Learn more about open listing here:
https://brainly.com/question/28121791
#SPJ4
what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
Learn more about ATM : https://brainly.com/question/24198010
Briefly discuss the role of operations management.