Answer:
Businesses could only guess at what to produce or what changes to make. They might produce too much or not enough to meet demand. They might not know what their competitors are selling or why customers are not buying.
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rooney corporation paid one of its sales representatives $6,500 during the month of march. the rep is paid a base salary plus $12 per unit of product sold. during march, the rep sold 120 units. required calculate the total monthly cost of the sales representative’s salary for each of the following months:
A corporation called a C corp is a legal entity that's separate from its owners. Corporations can make a profit be taxed and can be held legally liable.
Corporations offer the strongest protection to their owners from personal liability, but the cost to form a corporation is higher than other structures.
Rep is paid a base salary plus $10 per unit of product sold. On March, the rep sold 300 units. the total monthly sales cost.
Total Salary paid during March = $4,000
Units sold during March = 300 units
Variable cost = $10 per unit
Total Variable Cost = Units sold in a month * Variable Cost per unit
Total Salary = Total Variable Cost + Total Fixed Cost(Base Salary)
$4,000 = $10 * 300 + Total Fixed Cost
Total Fixed Cost = $4,000 - $3,000 = $1,000
Total Fixed Cost is the base salary that would remain constant every month.
Month March April May June July
Number of units sold 300 320 180 360 200
Total Variable Cost 300*$10 = $3,000 320*$10 = $3,200 180*$10 = $1,800 360*$10 = $3,600 200*$10 = $2,000
Total Fixed Cost $1,000 $1,000 $1,000 $1,000 $1,000
Total Salary Cost $4,000 $4,200 $2,800 $4,600 $3,000
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one advantage of an unrelated diversification strategy in a developed economy is that competitors cannot easily imitate the financial economies whereas they can easily replicate the value gained through the use of a related diversification strategy.
This statement is false, One advantage of an unrelated diversification strategy in a developed economy is that competitors cannot easily imitate the financial economies whereas they can easily replicate the value gained through the use of a related diversification strategy.
Diversification strategy is carried out while organizations want to develop. it's miles the exercise of introducing a new product into your supply chain a good way to boom profits. these merchandise might be a brand new section of the enterprise your enterprise already occupies, known as enterprise-level diversification.
What is the diversification in marketing?
With the aid of definition. Diversification is a danger-reduction strategy that involves including product, offerings, location, clients and markets on your commercial enterprise's portfolio. This spotlight shines light on key considerations for organizations interested by developing operations to global markets.
Why is diversification method vital?
The diversification method enables agencies to discover capability markets they can tap into or new products they might release to increase their sales and sales.
how many varieties of diversification techniques are there?
There are three kinds of diversification: concentric, horizontal, and conglomerate.
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a firm with a production orientation assumes that if you have a great product, customers will come to you.
While a sales orientation focuses on boosting a firm's earnings through aggressive advertising, a production orientation emphasizes a company's internal strengths.
What is advertising?An aggressively commercial, impersonal message is used in advertising to sell or promote a product, service, or idea. Advertising is frequently sponsored by businesses who want to promote their products or services. Because the message in advertising is supported and managed by the advertiser, public relations and advertising are separate from one another. It differs from personal selling since the message is non-personal, or not directed at a particular person.
Commercial advertising typically aims to increase consumption of their products or services by "branding," which associates a product name or image with certain features in consumers' thoughts.
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consider the following information: total current assets $78,632 deferred income taxes $3,210 inventories $9,823 prepaid expenses $1,050 other assets $3,890 total current liabilities $32,043 what is the quick ratio?
The Quick ratio of the firm equals to 2.76.
What is quick ratio?Its measures the firm capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing. In an organization, the Quick ratio is important because its communicates how well a company will be able to pay its short-term debts using only the most liquid of assets. It also signals to internal management and external investors whether the company will run out of cash.
Quick ratio = Current assets / Current liability
Quick ratio = ($78,632 + $9,823) / $32,043
Quick ratio = 2.76050932
Therefore, the Quick ratio of the firm equals to 2.76.
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The _____ organizes data by recording all the values observed in a sample as well as how many times each value was observed.
The distribution organizes data by recording all the values observed in a sample as well as how many times each value was observed.
Data distribution is a function that provides all possible values of a variable and also quantifies their relative frequencies (probabilities of how often they occur). Distributions are considered for all populations in which the data are spread out. Another example is a pie chart showing the percentages of different substances that make up the complete object.
We divided the distributions into two categories, depending on the type of organizes data you are using. Discrete distributions for discrete data (finite results) and continuous distributions for continuous data (infinite results).
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company is interested in developing a quarterly aggregate production plan but they are not sure if a level strategy with backorders or a chase strategy would be better. they have the following information available regarding their production operation: hiring workers $40 per unit layoff workers $80 per unit inventory holding cost $40 per unit per quarter stockout cost for backorders $150 per unit production (labor) cost $30 per unit subcontracting cost $60 per unit previous quarter's production 1300 units beginning inventoy 0 units quarter forecasts are 2000, 6000, 4000, 5000, respectively. this problem has 5 questions. suppose that you want to use a level plan with backorders (one that produces at the average demand over the four quarters). answer the next two questions using this plan. do not round your intermediate calculations. round your final answer to the nearest whole number
A. if demand in this month greater than the previous month Hiring = This month production - previous month production Layoff = 0
B. .If the demand of this month less than that of previous month hiring = 0 Layoff = Previous month production - this month production.
How do production operations function?The definition of production operations management Production operations management is the process of converting the resources of an organization into products and services. The processes involved in producing products are covered by production management. Production and service delivery are two topics that fall under the purview of operations management.
According to the given information:Demand Production Hire fire
0 1300 - -
1 4000 4000 2700 = (4000-1300) 0
2 2000 2000 2000 = (4000-2000) 0
3 4000 4000 2000 = (4000-2000) 0
4 5000 5000 1000 = (5000-4000) 0
Firing cost for quarter 2 = 2000 * $80 = $160000
A. if demand in this month greater than the previous month Hiring = This month production - previous month production Layoff = 0
B. .If the demand of this month less than that of previous month hiring = 0 Layoff = Previous month production - this month production.
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explain how (if at all) each of the following events affects the location of a country’s production possibilities curve: a. the quality of education increases: (click to select) . b. the number of unemployed workers increases: (click to select) . c. a new technique improves the efficiency of extracting copper from ore: (click to select) . d. a devastating earthquake destroys numerous production facilities: (click to select) .
The following are the analysis of a Production Possibility Curve. It is to be noted that As education quality improves, the production potential curve will shift outward, improving job skills and productivity. PPC will migrate abroad as human capital boosts the country's resources.
What happens when the number of unemployed increases?It will not affect PPC's position, or it will remain the same, because the number of jobless employees will not change the overall labor force.
What happens when a new technique improves the efficiency of extracting copper from ore?Increased efficiency as a result of technological advancement will move PPC outward as it boosts productivity and allows for greater output with existing resources.
What will happen when a devastating earthquake destroys numerous production facilities?The severe earthquake destroys available resources and capital stock, decreases productivity, and shifts PPC inward.
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W has a health insurance policy with an 80/20 coinsurance, a $1,000 deductible. If in january w goes into the hospital for an overnight stay, the bill coming to $2,000, what will w pay?
w will pay $1,200
Insurance is an agreement between two or more people in which the insured party pays contributions/contributions/premiums to obtain compensation for the risk of loss, damage, or loss that may occur due to unforeseen events. Insurance cannot eliminate the risk of unexpected events, but insurance can reduce the impact of losses arising from these events, both on a small scale and on a large scale. Now insurance has become part of financial planning for some people for long-term purposes.
Elements in Insurance
Premium. Premiums can be defined as obligations paid by the insured party to the insurer (insurance service provider) as a risk transfer service for the insurance policy. Insurance policy. An insurance policy can be defined as a legal document that forms the legal basis for the relationship between the insured (customer) and the insurer (service provider/insurance company).Claim. A claim can be defined as an official request submitted by a customer to an insurance company to make a payment as a form of compensation for damage or loss under the terms of the insurance policy.You can learn more about Insurance here brainly.com/question/989103
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In a group of five people, two report annual incomes of $25,000 and the other three report incomes of $34,000, $46,000, and $105,000, respectively. The mode of this group's distribution of incomes is _____
In a group of five people, two report annual incomes of $25,000, and the other three report incomes of $34,000, $46,000, and $105,000, respectively. The mode of this group's distribution of income is $25,000.
In $25000, $25000,$34000,$46000,$105,000 ; $25000 comes most of the time, so $25000 is the mode.
A set of data values' mode is the value that appears the most frequently. The value of X at which the probability mass function reaches its highest value is known as the mode if X is a discrete random variable. In other words, it is the value that will be sampled most frequently.
When analyzing categorical data where a mathematical average median value based on order cannot be computed, the mode is most helpful as a gauge of central tendency.
The mode calculation is a rather simple process. Organize the numbers in a set in whatever order—from lowest to highest or highest to lowest—and then tally the frequency with which each number appears in the group. The mode is the one that shows up most frequently.
In the question, the annual income of $25,000 comes the most which is 2 times so the mode is $25,000.
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When defining its market segments, abc, inc. Identifies groups based on characteristics such as age, gender, income, and education. What type of market segmentation is this?.
Answer: It's gender segments as it divided the market segments into sub groups: age, gender, income, and education.
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Explanation:
according to the equal employment opportunity commission's (eeoc's) uniform guidelines on employee selection procedures (ugesp), the definition of an applicant encompasses all individuals who indicate an interest in .
According to the equal employment opportunity commission's (EEOC's) uniform guidelines on employee selection procedures (ugesp), the definition of an applicant encompasses all individuals who indicate an interest in being considered for hiring or other employment opportunities
What is the equal employment opportunity commission's?In order to administer and enforce civil rights legislation against employment discrimination, the Civil Rights Act of 1964 created the U.S. Equal Employment Opportunity Commission (EEOC), a federal organization. The EEOC looks into complaints of discrimination based on a person's race, color, national origin, religion, sex (including sexual orientation, pregnancy, and gender identity), age, disability, genetic information, and threats or other forms of retaliation for reporting, taking part in, or objecting to a discriminatory practice.
Prior to conducting an inquiry, the commission also mediates and resolves tens of thousands of discrimination claims each year. Additionally, the EEOC has the authority to decide on discrimination complaints made against federal agencies and to bring civil discrimination lawsuits against employers on behalf of claimed victims. Charlotte Burrows has served as the EEOC's chair since 2021.
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all of the following are characteristics of an asset except: it embodies a probable future economic benefit. its value is known with certainty. the enterprise can obtain the benefit or can limit others access to it.
Its value is known with certainty and is not a characteristic of an asset.
What is an asset?A property having economic worth that somehow a person, business, or nation possesses or administers well with the hope that it might someday be useful is referred to as an asset.
The price of the set keeps on changing with time as there is the type of assets like long-term assets, current assets, or short-term assets.
Also on some assets, there is depreciation by reducing the price also it depends upon the market fluctuation. Its worth is undeniably understood, which is therefore not an attribute about an asset.
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4. in what order are the four primary financial statements prepared? statement of stockholders' equity > income statement > balance sheet > statement of cash flows balance sheet> income statement > statement of cash flows> statement of stockholders' equity income statement > statement of stockholders' equity > balance sheet > statement of cash flows statement of cash flows > statement of stockholders' equity > balance sheet > income statement
The correct order is income statement, statement of stockholders' equity, balance sheet ,statement of cash flows.
Financial statements are prepared by every company to disclose its financial performance to the intended users.
These statements are interrelated with each other , so it can be made in the respective order.
Firstly income statement is prepared because it does not require data from other statements to complete.
After income statement, statement of stockholders' equity is prepared because it needs net income or loss balance from the income statement.
Then balance sheet is prepared because it depends upon the stockholders' equity data.
In the last statement of cash flows is prepared because it requires data from previous year also.
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what monthly sharpe and information ratios has hedge fund cphf realized before fees? also, what is the maximum drawdown of hedge fund cphf before fees (as a percentage of the high water mark)?
The Sharpe ratio provides an indication of a fund's returns relative to its level of risk. This is calculated by subtracting a predetermined risk-free rate from the fund's annualized return to generate the fund's excess return, then dividing it by the fund's volatility over the same period.
Investors most commonly evaluate hedge funds by assessing their Sharpe Ratio over a number of years. A Sharpe Ratio measures performance while taking into account the amount of risk to which the investments are exposed.
Ratios do not provide any insight into how better one fund is compared to the other. Sharpe ratio ignores the serial correlation between hedge fund returns. If the serial correlation is present in the month-to-month returns, the same can result in overstating the Sharpe ratio.
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you can drive to campus, take a bus, or walk. driving costs you $1/mile in gas and maintenance, the bus costs $2 for unlimited distance and walking is free but involves a dissatisfaction equivalent to $1/mile. if you live 3 miles from campus, and are a rational decision maker, what is your reservation price for a one-way bus ticket? question 9 options: $0 $2 $3 $6
The reservation price for a one-way bus ticket is $2.
A reservation price is a limit at the fee of a very good or a provider. at the call-for side, it's for the very best charge that a consumer is inclined to pay; at the supply aspect, it is the lowest fee a dealer is willing to just accept for an amazing service. Those negotiations typically revolve across the region of a possible settlement, that's the variety of prices that either side is willing to pay or be given.
The driving costs you $1/mile
the bus costs $2/mile
walking is free but involves a dissatisfaction equivalent to $1/mile
Distance from campus = 3 mile
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all of the following are common tools used in industry to analyze and develop competitive advantages, except .
Competitive analysis model is not a common tool used in the industry to analyze and develop competitive advantages.
Value chain analysis, the five forces model and three generic strategies are common tools used in the industry to analyze and develop competitive strategies among companies. However, the competitive analysis model is not used to analyze and create a competitive advantage.
A competitive analysis model is a tool or model that marketing experts can use to compare their marketing strategy or business plan to the plans or strategies of their competitors. This model can generate a visual framework for competitive marketing analysis.
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the simple circular flow model shows that workers, land owners, and owners of capital offer their services through: product markets
The simple circular flow model shows that workers, landowners, and owners of capital offer their services through resource(or Factor) markets. Thus, option (b) is correct.
What is circular flow model?
An economic model that depicts how money moves across the economy is the circular flow model. Businesses need resources to generate the goods and services that households and households buy.
The circular flow model is the based on the business and the households. The four factors of the recourses to the labor, entrepreneurship, land, and capital) these are the mainly used in the business to manufacturer their goods and produces the services.
As a result, the circular flow model are resource (or Factor) markets. Therefore, option (b) is correct.
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Your question is incomplete, but most probably the full question was.
a) Product markets.
b) Resource(or Factor) markets.
c) Employment Agencies.
d) Business Firms.
paul savage purchased a restaurant named burger haven from larry jones. how many entities are described in this example
The acquisition would result in the same number of reporting organizations as previously, including Larry Jones and Burger Haven. Currently Paul (3 entities): Burger Haven, Larry, and Paul (three entities) remained the same.
To carry out company operations, a business entity is created. Discover the various varieties and how to select one. A business entity is, in the simplest words, a group of people who come together to conduct trade, conduct business, or participate in similar activities. There are many different types of business entities, including sole proprietorships, partnerships, LLCs, corporations, etc. The type of business entity determines both the organizational structure and the tax treatment of the company. Choosing your company's structure, or selecting a business entity type, should be one of your first priorities when beginning a firm. This choice will have significant financial and legal repercussions for your company.
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other things held constant, the lower a firm's tax rate, the more logical it is for the firm to use debt. true false
The tax shelter from debt is less valuable as the lower the tax rate. Consider the WACC's debt service costs: rd (1-Tax rate). The cost of debt is not reduced as much when the Tax rate is low as it is when the Tax rate is high. hence, the given statement is False.
What is the tax rate?The tax rate in a tax system is the proportion at which a company or individual is taxed. Statutory, average, marginal, and effective tax rates are just a few of the ways that can be displayed.
Hence, The cost of debt is not reduced as much when the Tax rate is low as it is when the Tax rate is high. hence, the given statement is False.
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select all of the following that can be obtained during discovery. a. a plaintiff's medical records in a personal injury case b. the e-mails of partners in litigation over dissolution of the partners c. the notes of a plaintiff in a meeting with the plaintiff's lawyer d. the work product of attorneys
b. email correspondence between partners involved in a partnership dissolution lawsuit c. a plaintiff's notes from a meeting with the plaintiff's attorney
what is discovery?
"Discovery" is a critical step that occurs during the pretrial phase of a legal proceeding. Both sides gather and exchange case-related material while conducting discovery in order to get ready for trial.
You can: During discovery:
assemble information; obtain informal witness testimony;
Obtain testimony from witnesses in a deposition;
discover what the opposing side will say;
Evaluate the strength of their argument.
Check the strength of your own argument.
Obtain all the necessary data so that you may submit your case in court.
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which of these is an example of a macroeconomic topic? please choose the correct answer from the following choices, and then select the submit answer button. answer choices decreased demand for typewriters causes the average income of typewriter repairmen to fall. increased demand for engineers causes the salaries of engineers to rise. during a recession, glenn works fewer hours and subsequently spends less on eating out. increased economic growth causes the average income of workers to rise.
A macroeconomic topic is increased economic growth causes the average income of workers to rise. (fourth option).
What is a macroeconomic topic?A macroeconomic topic is a topic based on macroeconomics. Macroeconomics is a branch of economics that studies economic aggregates such as economic growth, inflation, unemployment, GDP and growth rate.
The focus of macroeconomics is national output, unemployment, and inflation. The factors studied in macroeconomics give an indication of the overall health of the economy being studied.
On the other hand, microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors.
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When the market price of a good increases, the amount that sellers are willing to offer for sale increases.
This statement is best described as the law of supply.
What is the law of supply?The law of supply is a law that describes the relationship between price and the quantity supplied. According to the law of supply, when the market price of a good increases, the quantity supplied of the good increases. And when market price of a good decreases, the quantity supplied of the good decreases.
The law of supply shows that there is a positive relationship between price and the quantity supplied. The law of supply makes intuitive sense because suppliers would want to maximise total profit. Thus, they will be willing to sell more at higher prices.
The law of supply explains why the supply curve is upward sloping. The supply curve shows the relationship between price and the quantity supplied.
Here is the complete question:
When the market price of a good increases, the amount that sellers are willing to offer for sale increases. This statement is best described as Group of answer choices
the maximal quantity curve.
the law of large numbers. the law of supply.
the price quantity principle.
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a(n) is an individual who represents a company to customers by prospecting, communicating, selling, servicing, information gathering, and/or relationship building. group of answer choices auditor
Salesperson is an individual who represents a company to customers by prospecting, communicating, selling, servicing, information gathering, and/or relationship building.
There are 4 personality styles performed by a salesperson:-
Confident: objective situated, cutthroat, conclusive, fretful, controlling, clearly; bound to talk in sentences than in questions
Pleasant: patient, well disposed of, open to difficulties, quiet, casual; frequently great audience member who pose numerous inquiries and look serious areas of strength for connections.
Expressive: human satisfying, indicted, brilliant, powerful, cordial, imaginative, unconstrained, natural, faithful, excited; additionally liable to talk in sentences rather than questions and look areas of strength for connections.
Analytical: unoriginal, reality driven, formal, serious, immediate, patient, ready; liable to pose numerous inquiries and not look for individual deals connections.
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the regulatory cycle provides an opportunity for self-regulation during the latency stage. group of answer choices true false
The regulatory cycle provides an opportunity for self-regulation during the latency stage. The statement is False.
What is the latency stage?The latency stage will last for six years until puberty. This is referred to as the fourth stage of psychosexual development. No additional psychosexual growth happens at this stage since the desire is inactive.
A phase of discovery during which the reproductive energy is restricted or inactive is known as the latent period. This power is still there, but it has been transferred to other activities like learning and networking and plays a crucial role.
Therefore, the statement is False.
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business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.
Static, routine, everyday business processes along with stocking stock, sorting out customers, or everyday establishing and final approaches. tries to understand and degree the modern-day procedure and make overall performance enhancements for that reason.
Operational commercial business processes. static, ordinary, daily. automation. System of computerizing guide tasks, making the more efficient/effective and dramatically lowering operational costs.
Operational strategies (core commercial business tactics) are people who convey direct costs to customers and the corporation itself. They are the tactics that immediately create sales. Examples include product production, order to-cash process, and delivering merchandise to customers.
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studies and research indicate that when and their work cooperatively, the results contribute to better strategic business decisions that add value to the business. (choose two correct answers)
Studies and research indicate that when managers and their attorneys work cooperatively, the results contribute to better strategic business decisions that add value to the business.
Business is the hobby of making one's dwelling or being profitable with the aid of generating or shopping for and selling products. It's also "any activity or business enterprise entered into for income."
A business is defined as an enterprise or enterprising entity engaged in commercial, business, or professional sports. Businesses can be for-earnings entities or non-income corporations. Commercial enterprise types vary from confined liability agencies to sole proprietorships, companies, and partnerships.
Business improves the fine of life in approaches. Firstly, it offers high-quality goods and services to the people required for their leisure, comfort, and fitness. Secondly, an enterprise offers employment opportunities to humans by which they can generate profits and improve the high-quality of lifestyles.
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how do monopolies affect the price of goods? monopolies always result in higher consumer prices. monopolies always result in lower consumer prices.
Monopolies raise the price of goods and monopolies always result in higher consumer prices.
A monopoly is basically a market with a single seller who is called the monopolist, but with many buyers. Monopolist always result in higher consumer prices and raises the price. Usually, a market that is competitive consists of a large number of both sellers and buyers, no single buyer or seller can influence the price of a commodity, but a monopolist has control over the prices of the market. The market with monopolies usually has high prices as a result fewer consumers can afford the goods or services.
A perfectly competitive firm is considered a “price taker,” but a monopolist is considered as a “price maker.” A monopolist is the one who can raise the price of a product with no worry about the actions of competitors. In a market that is competitive, if a firm raises the price of its products, it will usually lose market share as buyers move to other sellers.
The monopolist is basically the market maker and controls the amount of a commodity/product available in the market.
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empowerment makes an it department less productive because it must spend more time responding to the daily concerns of users and less time on high-impact systems development projects that support strategic business goals.
An empowered department must spend more time reacting to users' daily problems and less time on high-impact systems development projects that serve strategic corporate goals, empowered departments are less productive. This assertion is untrue.
Improving employee engagement is helpful to keep your best employees by empowering them in the workplace. Empowerment is founded on the notion that making people more competent and happy by giving them the tools, power, freedom, and incentive to execute their jobs while also holding them responsible for their actions. In other words, empowering employees to take charge of their responsibilities has significant, long-lasting benefits for both the business and the people who work there.
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arises when a businessperson takes advantage of a situation for his or her own personal interest rather than for the employer's interest.
Conflict of interest arises when a businessperson takes advantage of a situation for his or her own personal interest rather than for the employer's interest.
A conflict of interest occurs only when an entity or any individual becomes unreliable because of a clash between personal interests and the professional duties or the responsibilities.
Such a conflict occurs when any company or any person has a vested interest in money or status or knowledge or relationships, or any reputation which puts into question whether their actions, or decision-making can be unbiased. When such a situation arises, the party is usually asked to remove themselves.
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supply chains encompass four flows. describe the four flows, and why are they important? how are they related to each other?
The four flows of the supply chain are as follows:
Material flow: This is the flow or movement of the physical goods from the supplier or producer to the consumer. This encompasses returns and other service requirements. This flow is possible through various warehouses among distributors, dealers, and retailers.Information flow: This includes transmitting orders and updating the status of the delivery. It consists of the purchase order, monthly schedules, quality complaints, reports on supplier performance, and so on. Documentation flow: This flow is very much important for keeping the track of information and the movement of goods in a supply chain. New ERPs, Supply Chain Management software, and Blockchain help with this flow.Finance flow: This flow includes payment, schedules, and credit terms. consignment along with title ownership arrangements.These flows are very important because an optimized supply chain flows results in lower costs and a more efficient production cycle. These also help in boosting a company's profitability and help in remaining competitive. All these flows are interconnected with one another effectively. The operation of one flow depends on the other and so on.
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