1)Can you please explain, operations management?

2) What is Total Quality Management?

3)     Can you please explain three quality costs.

4)     What is a bullwhip effect? What are the causes?

5)     What is a strategic partnership? Can you give me an example.

6)     Can you please explain the challenges of outsourcing?

7)     What is a balance sheet? How does it support business?

8)     What is a source of business financing.

9)     Should a start-up organization invest in an information system immediately? Why or why not

10) What is database management?

1)It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. for example), equipment (help employees do more work

2)Total Quality Management (TQM) is a management approach focusing on the improvement of quality and performance in all functions, departments, and processes across the company.every member of staff must be committed to maintaining high standards of work in every aspect of a company's operations.

3)Quality costs are the costs associated with preventing, detecting, and remediating product issues related to quality.They include: a)Prevention costs. You incur a prevention cost in order to keep a quality problem from occurring such as training employees how to handle machinery to prevent accidents or slowed production. b)Internal failure costs. An internal failure cost is incurred when a defective product is produced. c)Appraisal costs. An appraisal cost is incurred in order to keep a quality problem from occurring and this is done through various inspections.For example some goods may be destroyed during the testing process.

4(The bullwhip effect on the supply chain occurs when increase in the consumer demand causes the companies in a supply chain to order more goods to meet the new demand.Some of the causes include: a)Price fluctuations  b) Order batching c)Rationing and gaming d)Demand forecast updating. Use this link for explanations http://www.opentextbooks.org.hk/ditatopic/7043.

5)A strategic partnership is a relationship between two commercial companies , usually formalized by one or more business contracts.An example is the Nokia and Microsoft's joint partnership agreement to build Windows Phones.

6)Some of the limitations include: a)lack of business or domain knowledge-A company may outsource and end up not knowing anything about how the business is run or how it functions.In the case of outsourcing IT,they may not even know how to use the technology. b)language and cultural barriers- This may hinder effective communication which could lead to problems such as misinterpretation of information which could have dire consequences on production. c)time zone differences-This may slow down decision making processes as the time zone differences may slow down communication. d) lack of control- This may happen when a company gives out all the business operations to another firm and may create feelings of lack of control which may affect work performance.

7)A balance sheet is a statement of the financial position of a business that lists the assets, liabilities, and owner's equity at a particular point in time.It allows business owners and investors to evaluate the overall health of the business, as well as how easily its assets can be turned into cash.It is useful in displaying what the company owns and owes.

8)Use this link to get access to the sources of finance for businesses. http://www.fao.org/3/w4343e/w4343e08.htm

9)A start-up organization should not invest in an information system immediately.This is because a start-up organizations should invest in information system when that information system can offer the organization tangible benefits as it requires money and time. It is also very important for every start-up organization to have skills and trained personnel before they invest and apply information systems in their operations (Mc Cubbrey, n.d). 

10)Database Management, enables an individual to organize, store and retrieve data from a computer.It can also be described as the data storage, operations and security practices of a Database Administrator ,throughout the period they dealt with that particular data.