In a project monitoring system, data collected from resources activity duration, resource usage, and costs are compared against project activity duration, resource usage, and costs.
In order to develop the project schedules, the scheduling process requires examining the activity sequences, activity resource estimations, and activity length estimates.The outcomes of the previous step are arranged to create the project's final schedule during the development schedule process. In this essay, the definition of the development schedule process and its goals are explored in great detail.Prior to creating the project schedule model, an analysis of activity sequences, durations, resource needs, and scheduling constraints is required.You will have a finalised project plan once the development schedule process is complete, which will include details like the beginning and ending dates of each project activity.
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it has long been recognized in both the strategy and operations literature that the most effective external sourcing relationships involve considerable and .
It has long been recognized in both the strategy and operations literature that the most effective external sourcing relationships involve considerable management time and coordination.
About management strategyBasically, strategic management is the process of making decisions, implementing actions and evaluating what has been done well in order to achieve the company's long-term goals.
This process is carried out continuously by evaluating and also controlling the internal business, conducting competitor analysis, and establishing strategies to be able to compete well.
After that, it is followed by re-evaluating the strategy on a more regular basis in order to be able to determine the actions that will be taken later and monitor its progress or be replaced by using another strategy.
This strategy must be applicable to all parties in the company in order to face competition and show the company's excellence.
The perspective concept will later be used when a problem has not arisen or as a plan that must be developed. While the descriptive concept will be applied in order to solve problems that must be resolved by the company.
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suppose that you have a pumpkin stall at a farmer's market, and the halloween season arrives. you know that your customers will want to buy many pumpkins to decorate their houses and make pumpkin pies. which of the following is a likely result of this scenario? you will take fewer pumpkins to the market to sell. you will be able to sell only the highest-quality pumpkins. you will wind up with many unsold pumpkins. you can charge a higher price per pumpkin.
You'll bring fewer pumpkins to sell at the market. You will only be allowed to sell pumpkins of the finest caliber. You'll end up having lots of pumpkins that aren't sold. You can demand more money per pumpkin.
Why do you use the word "market"?
Market: A mechanism whereby commodities and services are exchanged as a result of contacts between buyers and sellers, whether directly or through intermediaries or institutions.
What kinds of markets are there?
Market categories:
A monopoly market is a system with has the characteristics of a pure economy.Oligopoly.Perfect rivalry.monopolistic rivalry.Monopsony.Oligopsony.Organic monopoly.To know more about Market visit:
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Answer:
1200
Explanation:
The whole is the unknown.
Set up a proportion with the known values and solve for the whole.
part = 720 customers, percent = 60%, whole = ? total customers
720?=60100
Multiply the numerator and denominator of a fraction by the
same number to determine an equivalent fraction.
StartFraction 720 Over question mark EndFraction = StartFraction 60 Over 100 EndFraction. Arrows going from 60 to 720 and from 100 to question mark are labeled times 12. 60×12100×12==720?
Solve for the whole.
?=100×12=1,200
Large firms may create a secure website known as a ____________ to link to suppliers and key business partners.
Large firms may create a secure website known as a private industrial network to link to suppliers and key business partners.
An industrial private network: what is it?A company's suppliers, distributors, and other important business partners are connected to it through a private industrial network, often referred to as a private exchange, for effective supply-chain management and other cooperative commerce operations.
A private network company: what is it?The same technology is used by public operator-run LTE networks as by private LTE networks, which are used for mobile phones in general. The private network infrastructure, which is completely on-site and under the company's control, is one of the main differences.
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when the interest rate in the u.s. rises, u.s. financial assets become (more or less) more attractive to (foreign, domestic, or both foreign and domestic ) both foreign and domestic buyers.
Higher interest rates frequently draw foreign investment, which raises both demand for and the value of the currency of the host nation. Conversely, lower interest rates typically make a currency less valuable relative to other currencies and are less appealing to foreign investment.
What are the effects of an increase in interest rates?A rise in interest rates has an impact on aggregate demand through a leftward shift in the aggregate demand curve, a decline in real GDP, and a decrease in price level. Consumption, investment, and net exports all decline as the interest rate rises, which lowers aggregate demand.
A decrease in interest rates can boost business activity because it will make it possible for them to borrow more money for investments.
Because borrowing money will become more expensive with an increase in interest rates, company activity would decline.
Existing bond prices automatically fall on the market when the Fed raises interest rates. This is due to the upcoming release of new bonds that will pay investors greater interest rates.
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because of budget cuts, the company hasn’t been hiring new employees for open positions. each team member has to work one extra shift each week to account for the unstaffed positions. the heavier workload is stressful, but everyone on your team made the adjustment and pitched in to get the work done. which phase of the general adaptation syndrome is your team experiencing
Your team is going through phase 2 of the general adaption syndrome as a result of budget cuts.
How do adaptation syndromes work?The organism's normal physiological responses constitute the adaptation syndromes, which cause changes in the functional equilibrium but lead to a return to the previous state of function once the demand is no longer present. Both particular and broad adaptation exist, according to the notion of endobiogeny. The specific adaptation syndromes entail the synchronization of selected subsets of autonomic, endocrine, and organ function over a range of timescales. There must be a buffering capacity that enables the organism to instantly react to the aggressiveness, regardless of the sort of adaptation response.
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a memorandum evidencing an oral contract must contain every term of the deal to be enforceable. group of answer choices true false
The statement, "a memorandum evidencing an oral contract must contain every term of the deal to be enforceable." is true.
A memorandum is a written communication that is frequently used in a formal setting. These messages, often referred to as "memos," are frequently succinct and made to be quickly understood. In order to implement dynamic and successful changes, memos can effectively communicate crucial information.
A memo, memorandum of understanding, memorandum of agreement, or memorandum of association are all examples of documents that serve as records of the terms of a transaction or contract in the law. In the business world, memos are frequently used by organizations for internal communication while letters are frequently used for external communication. A memorandum serves a variety of crucial purposes. Two of these include bringing problems to light and assisting in a problem's resolution through clear and concise communication.
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Sherwin Williams will receive $21,250 a year for the next 16 years as a result of a picture he has painted. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What is the present value of these payments if the discount rate is 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. Should he be willing to sell out his future rights now for $176,000? O Yes O No
The Present value will be $214,750.27 and it is suggested not to sell out his future rights for $176,000.
According to pv of annuity calculator
Payment amount ($): 21,250
Interest rate: 6%
Number of years: 16
Payment interval is Annually done,
Present value: $214,750.27
It is advised against selling out his future rights because the PV of the benefits in the future is $ 214,750.27, which is more than the amount being given of $176,000.
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________ reflects the idea in e-commerce that large numbers of people can make better decisions about a wide range of topics or products than a single person or even a small committee of experts.
Crowdsourcing reflects the idea in e-commerce that large numbers of people can make better decisions about a wide range of topics or products than a single person or even a small committee of experts.
Simple definition of crowdsourcing?Crowdsourcing is the process of asking a group of individuals for help in order to get the information, products, or services that are required. With the publication of his article "The Rise of Crowdsourcing" in Wired magazine in 2006, author Jeff Howe invented the phrase "crowdsourcing," which combines the terms crowds and outsourcing.
Which crowdsourcing techniques are there?Crowdsourcing comes in a variety of forms, including crowdwisdom, crowdfunding, crowdsourcing and forecasting, crowdsourcing and invention, crowdsourcing and authenticity (C&A), crowdauditing, crowdcontrol, crowdcuration, and crowdcare.
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Percy’s gpa is 2.75, so he should list it on his résumé. please select the best answer from the choices provided
a. true
b. false
Percy’s GPA is 2.75, so he should list it on his résumé.
False
a computer repair shop has decided to focus their outreach efforts and develop a desktop ad campaign. which ad placement option would they include in their campaign?
if visibility is the primary campaign goal, which bidding strategy would be the most effective for an advertiser to use?
if visibility is the primary campaign goal, which bidding strategy would be the most effective for an advertiser to use Target impression share.
Boost the budget for your campaign: It's crucial to keep in mind that your budget determines how frequently an advertisement is presented, which can raise the proportion of overall impressions that your advertisement appears for. Increasing your offer In an ad auction, increasing your bid can increase the likelihood that your ad will appear. Increase your campaign budget: It's important to keep in mind that your budget determines how frequently an advertisement is displayed, which can raise the proportion of overall impressions that your advertisement appears for. Raising your bid can increase the likelihood that your ad will appear in a particular ad auction. The impression share (IS) of your adverts measures how many impressions they really acquire as a percentage of all possible impressions. Impressions divided by all eligible impressions equals impression share. You can view on-target impressions for a certain plan in addition to on-target reach. This is merely the approximate amount of impressions that will be made on members of your target demographic.
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for a monopolist, marginal revenue is a. positive when the demand effect is greater than the supply effect. b. negative when the price effect is greater than the output effect. c. negative when the output effect is greater than the price effect. d. positive when the monopoly effect is greater than the competitive effect.
For a monopolist, marginal revenue is negative when the price effect is greater than the output effect. So b. is the correct option.
A monopolist is a firm that is a single seller of a particular commodity or service in the market. This lack of competition and lack of substitute goods or services means the monopolist wields enough power in the marketplace to charge high prices. Due to market dominance and market power, the firm can determine the price independently.
To increase the sale of the output, the firm has to reduce the price of the commodity. That is why the marginal (revenue earned on an additional commodity), abbreviated as MR, is downward sloping. The MR can be positive as well as negative depending on two effects: price effect and output effect.
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big screen productions manufactures theatre seating and needs to economize on its inventory holding costs. the company plans to have materials arrive at the manufacturing plant when it is time for them to enter the production process rather than constantly keep them on hand at the facility. what system is big screen productions implementing?
The method that big-screen productions use is known as JIT, and it seeks to have supplies arrive at the manufacturing facility when it's time to start the production process rather than keeping them on hand continuously at the site.
The phrase "Just-in-time" (JIT) refers to a specific type of inventory system (management framework) that was developed to assist commercial organizations (companies) in lowering their production costs while increasing efficiency between suppliers and customers.
This ultimately implies that a just-in-time (JIT) inventory system restricts the delivery of raw materials at a business organization's manufacturing facility, such as a huge screen production, to the precise moment that they are needed for the production process.
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Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Material Loading Time Charges Charges $192,400 Technicians' wages and benefits $39,600 Parts manager's salary and benefits Office employee's salary and benefits 51,800 9.400 Other overhead 14,800 19,600 Total budgeted costs $259,000 $68.600 The company desires a $39 profit margin per hour of labor and a 27.00% proft margin on parts. It has budgeted for 7,400 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $392,000. Compute the rate charged per hour of labor. Labor rate $ per hour Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage % Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 38 hours of labor and $2,800 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, eg. 10.50.) Total estimated bill
According to budgeted cost data total estimated bill is $6858
Budgeted cost per labor hour 35 = 259000/7400
+Profit margin 39
Labor rate 74 per hour
Material loading charges 17.5% = 68600/392000
+Profit on parts 27%
Material loading percent 44.5%
Labor charges 2812 = 38×74
Materials parts 2800
Material loading charges 1246 = 2800×44.5%
Total estimated bill 6858
Budgeted cost data- Budgeted costs are anticipated future costs that the company anticipates racking up in the future. In other words, based on anticipated revenues and sales, it is an estimated expense that management anticipates will be incurred in a future period.
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A company paid $0.55 in cash dividends per share. Its earnings per share is $2.55, and its market price per share is $26.25. Its dividend yield equals:
Dividend yield for the corporation is 2%.
What exactly does this dividend yield actually tell us?The amount of a company's share price which is distributed as dividends each year, as indicated by the financial ratio called dividend yield.
A $20 share price with a $1 annual dividend, for instance, would equal a 5% dividend yield. A company's dividend yield may be consistently increasing if its dividend is increasing, its stock price is declining, or both. Depending on the circumstances, investors may view this as either a positive or negative development.Importance of dividend yield:
Investors who are approaching retirement, for instance, rely heavily on dividend income.The dividend yield of these investors' portfolios may have a major impact on their own finances, thus it is imperative that they select dividend-paying companies with proven track records and demonstrable financial health.For the stated question;
$0.55 is the 2% of the market price per share is $26.25.
Thus, the Dividend yield for the corporation is 2%.
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what are not clash detection? group of answer choices creating lift-drawings between different scopes within the drawing sets. a strategy used to determine how effectively members from different trades will get along with one-another during the construction phase. a process for effectively identifying unintended conflicts between material or trade interfaces in a 3d project model. the process of organizing drawings in a systematic fashion so one can easily find the details needed to construct the project.
These are not Clash Detection:
The process of organizing drawings in a systematic fashion so one can easily find the details needed to construct the project.Creating lift-drawings between different scopes within the drawing sets.A strategy used to determine how effectively members from different trades will get along with one-another during the construction phase.Two components in a design occupying the same space results in a "clash." The process of determining whether, where, or how two building components (such as walls, pipes, etc.) interact with one another is known as clash detection in Building Information Modeling (BIM).
A crucial component of BIM is clash detection, particularly as more and more governments begin to impose requirements on it. Many BIM software applications, like Spatial's BIM solution, have the capacity to find collisions of all kinds. Clash detection in Building Information Modeling (BIM) helps projects move more quickly by supporting architects and contractors in reducing the risk of multi-level design revisions that might result in price overruns and delays in project completion.
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Katie company issues $14 million in bonds. The bonds are well received by investors solely based on the excellent reputation and past performance of the company, its products, and its executives. Katie most likely is issuing a(n) _______ bond.
unsecured
secured
Katie most likely is issuing a debenture bond.
A debenture bond is a bond that is not secured by the issuer's assets. Instead, the bond is only backed by the issuer's reputation and integrity. To compensate investors for the increased risk of not having their funds repaid, this type of bond typically bears a higher rate of interest than a secured bond.
Debentures can pay periodic interest payments, which are also known as coupon payments. Debentures, like other types of bonds, are documented in an indenture. An indenture is a legally enforceable agreement between bond issuers and bondholders. The contract specifies the terms of a debt offering, such as the maturity date, the timing of interest or coupon payments, the method of calculating interest, and other details. Governments and companies both have the authority to issue debentures.
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You should start to calculate your retirement need when: O It's always important, regardless of age. you are older than 55. O you have just retired. you will retire in a few years.
You should start to calculate your retirement need when you will retire in a few years.
Retirement is the stage of life when one decides to quit employment for good. Most industrialized nations, including the United States, have a government pension or benefits system in place to augment retirees' salaries, and the usual retirement age in most nations is 65.
The day you receive your first paycheck is the ideal moment to begin retirement planning. Starting your retirement planning as early as 25 ensures you have plenty of time to develop healthy habits and begin compounding funds.
You should strive to replace 70% of your yearly pre-retirement income, according to a standard rule of thumb. The calculator defaults to using this.
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In effect, a _____ states that, regardless of policies in the employee handbook and regardless of any oral promises to the contrary, an employment-at-will situation still exists between the employer and its employees.
quasi-contract
disclaimer
relinquishment
waiver
In effect, a disclaimer states that, regardless of policies in the employee handbook and any oral promises, an employment-at-will situation still exists between the employer and its employees.
Disclaimer is used as a risk mitigation in business that states necessary information, clauses, laws, and claims before involving in any type of exchange of services, whether employees or a business partner. Business owners have a huge legal responsibility while operating any type of business online or in shops. Disclaimer reduces some of the legal responsibilities by putting such information on their products and services.
Disclaimers save companies from legal claims associated with third-party risk and users. It states legal texts to save the business from any legal action. In the question, the disclaimer states the conditions of employment-at-will situation.
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Potter Company is vertically integrated and currently produces a part that it uses to manufacture one of its products. The unit manufacturing costs of this part, assuming a production level of 5,000 units, are as follows: Direct Materials $3 Direct Labor $ 5 Variable Manufacturing Overhead $4 Fixed Manufacturing Overhead $ 2 Total Cost $14 The Fixed overhead costs are unavoidable. 1.) Elmo Industries has offered to sell 5,000 units of the same part to Potter for $13 per unit. Assuming Potter has no other use for its facilities what should Potter do? 2.) Assume Potter can purchase 5,000 units of the part from Coyne for $15 each and the facilities currently used to make the part could be rented out to another manufacturer for $20,000 a year. What should Potter do? 3.) Assume Potter can purchase 5,000 units of the part from Campigotto Company for $14 each, and the facilities currently used to manufacture the part could be used to manufacture 5,000 units of another product that would contribute $5.00 per unit to fixed costs. If no additional fixed costs would be incurred, what should Potter do? What are the incremental cash flows?
Therefore the incremental cash flow is $2. And potter should will not invest on Canyon when there is no additional fixed costs would be incurred.
What is a fixed cost?Your final production cost will be less after deducting your variable costs multiplied by the quantity you produced. This will cover all of your fixed expenses. Fixed costs are those that are not affected by volume. The majority of fixed costs are outlays that are more time-dependent than they are production- or sales-related. Rent and leasing fees, salaries, energy prices, insurance premiums, and loan repayments are examples of fixed costs. Fixed costs, or expenses that never fluctuate, are unaffected by changes in sales or production volumes.
Why is fixed cost important?The ability to predict a company's present and future financial needs makes fixed expenses crucial. Your expenses could go down and your profits could go up if you reduce your fixed costs. Your profit margin may rise as a result of this. The ability to predict a company's present and future financial needs makes fixed expenses crucial. Your expenses could go down and your profits could go up if you reduce your fixed costs. Your profit margin may rise as a result of this.
Briefing:Fixed manufacturing overhed = $2
Total cost=$14
The fixed overhead costs are unavoidable which means that the total cost of making the product should be net of this amount:
=14-2
=$12
This means the company incurs $12 per unit produced. If they made it themselves.
=Cost of buying – Cost of making
=14-12
=$2
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when it is hard to monitor worker productivity, employers often pay: a lower wage. a higher wage. a random wage. a wage based on worker qualifications.
When it is hard to monitor workforce productivity, employers often pay a lower wage. Hence, option A is appropriate.
What is the Workforce Productivity?The quantity of things and services which a group of employees generates in a specific period is known as workforce productivity. It is one of many productivity metrics used by economists.
The quantity of work (or output) generated by an employee during a given period is referred to as workforce productivity. You have the authority and duty to support your team members in producing their best work as a manager. There are three techniques to gauge staff productivity: measuring objectives the evaluation of work quality.
We prefer to evaluate the number of hours spent on the output generated during that time to determine workforce productivity. It is possible to calculate output per working hour in some nations, notably the United States, that collect statistics on hours worked.
Hence, option A is correct.
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which of the following statements is true? group of answer choices with floating exchange rates, the foreign exchange market determines the exchange rate, whereas with a merging currencies approach, a nation adopts another country’s currency. with hard exchange rate pegs, the market determines the exchange rate with some intervention from the central bank, whereas with soft exchange rate pegs, the central bank sets a fixed currency. the main difference between floating exchange rates and soft exchange rate pegs is that the market completely determines soft exchange rate pegs, while floating exchange rates are influenced by central bank interventions on occasion. floating exchange rates are relatively stable, whereas merging currencies can change a great deal in a short time.
The true statement about a floating exchange rates is that with its adoption, the foreign exchange market can determines the exchange rate whereas with a merging currencies approach, a nation adopts another country’s currency. The Option A is correct.
What is a Floating Exchange Rate?In economics, a floating exchange rate refers to a regime whereby the currency price of a nation is set by the Forex market based on supply and demand relative to other currencies. This regime is in contrast to a fixed exchange rate in which the government entirely or predominantly determines the rate.
Most country's currency prices can be determined in two ways: either by a floating rate or a fixed rate. As the mentioned above, the floating rate is usually determined by the open market through supply and demand, therefore, if the demand for the currency is high, the value will increase. If demand is low, this will drive that currency price lower.
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suppose that the gdp of california increases by 11% each year. how long will it take for the gdp of california to double?
Based on the data above, years to double of California's GDP is 3,3 years. It can be calculated using gross domestic product formula.
GDP or also known as Gross domestic product generally can be defined as a monetary measure of the market value of all the final services and goods produced and sold in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator.
The formula of GDP is:
Gross domestic product = gross private investment + private consumption + government spending + government investment + (exports – imports).
To calculate how long will it take for the GDP will double:
Years To Double: 72 / Expected Rate of Return
Years To Double: 72 / 22%
Years To Double: 3,3 Years
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Which manufacturing strategy creates additional wait time for the buyer to receive the product, but allows customers to purchase pre-designed and pre-engineered products that can be customized to the the buyers specifications?.
Make-to-Order (MTO) is a manufacturing approach that adds to the buyer's wait time for the product delivery while enabling customers to buy pre-designed and pre-engineered goods that may be tailored to the buyer's requirements.
Meaning of "made to order"Make to Order, also known as Build to Order and Made to Order, is a method used in commercial production where producers only create items after receiving a confirmed order.
The phrase "made to order" (MTO) refers to a business manufacturing strategy that frequently enables clients to buy things that are customized to their needs. An item is only created using this manufacturing technique if a verified customer order is received.
The manufacturing method known as "made to order" is used when a company decides to only build items once a customer orders them. For instance, a business that sells handcrafted furniture can hold off on designing and creating a new coffee table until a customer requests it.
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if a cpa firm is organized as an llp and an individual partner is involved in a negligent audit, another partner in the same cpa firm is personally liable: a. always b. if the partner operates out of the same office c. if the partner was involved in the audit in a supervisory role d. never
If the partner was involved in the audit in a supervisory role. (Option C)
How would you define audit?To ensure that all departments are using a documented system of documenting transactions, an auditor must examine or inspect multiple books of accounts in addition to physically examining inventory. It is done to check the correctness of the financial statements that the organization provides.
What is auditor misconduct?Gross negligence is significant in the context of professional negligence since it is considered professional misconduct. If auditors are found to have engaged in professional misconduct, they may be suspended or dismissed from their position.
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which negative work behavior is one that can be minimized through organizational policies and managerial coaching?
One can minimize absenteeism through organizational policies and managerial coaching.
Policies are broad declarations of how an organization wants to act, whereas procedures specify the specifics of how to carry out a task or perform step-by-step.
Managerial coaching should provoke thought rather than impose instructions, and instead of lecturing, coaches should spend more time listening. In addition, team members must to be given the chance to take ownership of their own aims and goals.
Poor communication between employees and management is the cause of absenteeism. Employees' rights, such as the number of sick days and paid vacation days available as well as accessible paid leave options, must be made known to them by managers.
Therefore, proper policies and managerial coaching is essential to minimize absenteeism.
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For ordering and inventory purposes, each product ________ has a separate stock keeping unit (SKU).
For ordering and inventory management purposes, each item has a separate Stock Keeping Unit (SKU).
What is Inventory?Inventory refers to all products, services, and consumables that a business holds with the intention of reselling them for profit.
Example: If a newsagent uses a vehicle to distribute newspapers to customers, only the newspapers are considered inventory. A car is considered an asset. Although there are other types of inventory, the four main types of inventory are maintenance, repairs and consumables, finished goods, work-in-progress, and raw materials and components.
A product or material in inventory is something that a company wants to profitably resell to its customers.
Tracking inventory from producers to warehouses and from those locations to the point of sale is inventory management, a key component of the supply he chain.
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Answer: item
Explanation:
Customer ________ refers to human or mechanical activities undertaken by firms to help satisfy their customers' needs and wants.
Customer service refers to human or mechanical activities undertaken by firms to help satisfy their customers' needs and wants.
Customer service can be described as the help that is provided by businesses to their customers if they have any needs, questions, or wants.
Customer service is present in a small communication bar on the company's website. You cancommunicate either with a human or a mechanical computer when using customer service. There are also phone numbers present as a part of customer service where you can talk to a representative and ask all about your queries.
Some businesses also have small places for customer services inside a mall or a shop in order to assist the customers.
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what are some of the many ways that global supply chains are more complex than purely domestic supply chains? (select all that apply.)
Supply chain complexity is caused by a variety of factors often the result of rising customer expectations for faster lead times, expanded products and services, and tailored experiences.
How does supply chain complexity rise as a result of globalization?Globalization in the context of supply chain management describes the method through which a corporation conducts its operations on a worldwide scale. Trade globalization gives businesses the chance to access new consumers in new markets, which drastically changes how successful manufacturers must conduct their business.
Everyone agrees that supply chains are complicated, that complexity is increasing over time, and that complexity raises the cost of operations. Therefore, experts need to find ways to lessen the negative effects that supply chains are having on their business operations.
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supplier development initiatives may be focused on (1) persuading an existing supplier to expand into new areas that meet the needs of the buying organization, and (2) locating a new, untried/unknown company and identifying potential areas of business.
True, Supplier development initiatives may be aimed at (1) convincing an existing supplier to expand into new areas that meet the needs of the buying organization, and (2) locating a new, untried/unknown company and identifying potential areas of business.
A supplier is a person, company, or organization that sells or supplies goods or equipment to customers. Factors such as supplier qualification results, performance evaluation, and strategic importance are used to classify suppliers.
The seller is commonly known as the supplier, whereas the receiver is known as the buyer. The supplier creates products and distributes them via a distribution channel. The goods are then sold to a wholesaler before being delivered to the final consumer.
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