2. To manage the firm, how much does Amit need to know about operations? Why? Amit Gupta is 43, married and has two children, aged 10 and 14. He has a master's degree in education and teaches music in a high school in a small town in Uttar Pradesh, India. Amit's father passed away two months ago, leaving his only child an unusual business opportunity. According to his father's will, Amit has 12 months to become active in the family food-catering business, Khana Khazana-on wheels or else it will be sold to two key employees for a reasonable and fair price. If Amit becomes involved, two employees have the option to purchase a significant, but less than majority, interest in the firm. Amit's only involvement with this business, which his grandfather had established, was as an hourly em- ployee during high school and college summers. He is confident that he could learn and perhaps enjoy the marketing side of the business and that he could retain the long-time head of accounting/finance. But he would never really enjoy day-to-day operations. In fact, he does not understand what operations manage- ment really involves.