David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct _____ to evaluate those suppliers.
Answers
David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct vendor analysisto evaluate those suppliers.
Vendor analysis is a procedure that aids in selecting the best vendors. This is crucial since unreliable suppliers can severely harm a company's ability to succeed. Determine needs. The first step in vendor analysis is to ascertain the demands of your business in terms of purchases.
In order to locate the vendor who best meets their company's goals, vendor analysis first determines the strengths and limitations of each potential partner. Every time a business wants to identify a new vendor or assess the performance of one of its current vendors, a vendor analysis is carried out.
Analyzing the performance of vendors who provide goods or services to their organization is the responsibility of vendor analysts. They could also be entrusted with coming up with and putting into practice plans to make sure vendors adhere to strict guidelines or satisfy particular demands.
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Related Questions
Which one of these items is NOT a processed material?
O Paper
O Steel
O Sand
O Glass
Answers
Paper was originally tree, steel was metal, glass was heated to become glass
The Shoe Company had a $5,000 beginning balance in its inventory account. During the accounting period, inventory purchases amounted to $55,000. The ending inventory balance was $4,000. Based on this information, the cost of goods available for sale was ______.
Answers
Answer:
46,000 I substrate it with 5,000 and 4,000
The cost of goods available for sale was $56,000. "Cost of sales" or its abbreviation, "COGS," are other names for the cost of goods sold. The cost of items that are manufactured or bought, then sold, is referred to as COGS.
Why is it important to track COGS?COGS can be used to calculate a company's gross earnings or bottom line. A high cost of products sold could result in a low net income. A high COGS would indicate higher business expenses during tax season, lowering income taxes.
Given,
Opening stock = $5,000
Closing stock = $4,000
Purchase = $55,000
Required to Calculate COGS =?
COGS = Opening Stock + Purchase - closing stock
COGS = 5,000 + 55,000 - 4,000
COGS = 56,000
The cost of goods sold (COGS), which includes the cost of labor, materials, and manufacturing overhead, is the price of purchasing or producing the things that a business sells over a given period. As a result, only costs directly related to the production of the goods are included in the metric.
Thus, the cost of goods available for sale was $56,000.
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The study of principles that govern the efficient spatial allocation of economic resources and the resulting consequences is referred to as ______.
Answers
It should be noted that Economic Geography involve the study of principles that govern the efficient spatial allocation of economic resources.
What is Economic Geography?
Economic Geography serves as one that explains how people earn their living as well as the livelihood systems and their variability.
It shows how economic activities are spatially interrelated and linked.
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How can I use restorative practices to address and repair harm that I’ve caused, harm done to me, and/or harm done to others by someone other than myself?
This is for bullying
Answers
Restorative practices are helpful when a person want to heal oneself from the trauma that is caused by others or by themselves by practicing peaceful mind techniques.
Many peaceful techniques include self introspection and deep knowledge of practices combined together that will ultimately lead to easy and lead to spiritual environment.
Restore practices have a great impact on ones life by someone or spiritual healer that help one to revamp and stop trying to choke oneself. This provide guarantee to heal from past and its experiences.
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Question 9 of 10
3 Points
Suppose a merchant in a moneyless economy traded his goods for a large
amount of purple fabric. He intended to use the fabric to trade for other
goods in another location. While he traveled to the other marketplace,
however, a trade ship arrived with a large shipment of purple fabric. As a
result, the merchant was only able to trade his fabric for about half of what he
had expected it to be worth in return. This situation illustrates the need for
what aspect of the purpose of money?
A. Preservation of value
B. Unit of measure
C.Ease of exchange
D.Government endorsement
I NEED HELP PLEASE!!
Answers
Answer:
Preservation of value
Explanation:
One of the advantages of money over trade by barter or any other moneyless transaction is the time value of money.
Time value of money can be explained as the ability of money to preserve its value and even increase in nearest future due to its potential earning capacity.
It can be inferred from the given scenario that the purples fabrics has lost a significant value due to the surplus of supply in the market place as it could no longer achieve the original worth.
Answer:
A) Preservation of value!
Explanation:
This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.
Desiree works 28 hours per week. she has a monthly income of $120 from investments. desiree also plays in a band one night a week making $200. she has a total annual income of $49,696. desiree wants to ask her boss for a raise so that next year she can have a total income of $51,880. assuming the other incomes remain the same, how much of an hourly raise will desiree need? a. $1.25 b. $1.50 c. $1.75 d. $2.00 please select the best answer from the choices provided a b c d
Answers
The correct option is c. $1.75,
Desiree will need a income hike of $1.75 per hour.
To calculate the raise Desiree needs, we need to determine the annual income required for next year. Desired annual income is $51,880, and we subtract the income from investments ($120 per month * 12 months = $1,440) and the income from the band ($200 per week * 52 weeks = $10,400) to find the remaining annual income from work.
$51,880 - $1,440 - $10,400 = $40,040
Since Desiree works 28 hours per week, we can calculate her hourly wage by dividing the remaining annual income by the total number of work hours in a year.
$40,040 ÷ (28 hours/week * 52 weeks) = $27.50 per hour
Comparing the current hourly wage of $25.75, Desiree will need a raise of $1.75 per hour to achieve the desired annual income.
Desiree will need a raise of $1.75 per hour to reach her target annual income of $51,880.
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Eloise, the director of Human Resources at her organization
Answers
Since Eloise is working to determine its human resource needs for the next five years, her first course of action is: assessing the future labor supply.
What is Human resources management?Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees or workers, activities that are being used by an organization.
This ultimately implies that, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization because they are the most important asset of any organization.
In conclusion, Eloise's first course of action is assessing the future labor supply for her organization.
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Complete Question:
Eloise, the director of human resources at her organization, is working to determine its human resource needs for the next five years. Eloise's first course of action is?
Planning , using a five step process.
Which selection chart would you use to short-list suitable materials for each of the following? [2 marks] Suspension bridge Springboard for pool diving Aircraft landing gear Fuselage in a pressurised
Answers
Following are the selection charts used:
For a suspension bridge, you would use a selection chart that evaluates materials based on their strength, durability, and flexibility.Materials that are strong and can withstand tension and compression forces would be suitable for a suspension bridge. Examples of materials that could be used for a suspension bridge include steel, concrete, and composite materials.
For a springboard for pool diving you would use a selection chart that evaluates materials based on their elasticity, stiffness, and durability.Materials that are elastic and can store and release energy quickly would be suitable for a springboard. Examples of materials that could be used for a springboard include fiberglass, carbon fiber, and aluminum.
For aircraft landing gear, you would use a selection chart that evaluates materials based on their strength, fatigue resistance, and toughness.Materials that are strong and can withstand high loads and impacts would be suitable for landing gear. Examples of materials that could be used for landing gear include steel, titanium, and aluminum alloys.
For the fuselage in a pressurized aircraft, you would use a selection chart that evaluates materials based on their strength, stiffness, and resistance to fatigue and corrosion.Materials that are strong, lightweight, and can withstand high stresses and pressures would be suitable for a pressurized fuselage. Examples of materials that could be used for a pressurized fuselage include aluminum alloys, titanium alloys, and composite materials.
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4) How does equity differ from inclusion?
Answers
Equity and inclusion are related concepts but have distinct meanings:
Equity refers to fairness and justice in providing equal opportunities and outcomes, taking into account historical disadvantages and systemic barriers.
focuses on addressing disparities and ensuring everyone has what they need to succeed, regardless of their backgrounds or circumstances.
Inclusion, on the other hand, is about creating an environment where diverse individuals feel valued, respected, and empowered to fully participate. It involves actively involving and embracing people from different backgrounds, perspectives, and experiences, fostering a sense of belonging and equal participation.
While equity aims to address existing inequalities and level the playing field, inclusion focuses on creating an environment where diversity is celebrated and individuals are encouraged to contribute fully. Equity is about fairness in outcomes, while inclusion emphasizes creating an inclusive culture that values and respects diversity. Both equity and inclusion are crucial for promoting social justice and creating a more equitable and inclusive society.Equity goes beyond treating everyone equally and recognizes that individuals have different needs and starting points. It seeks to identify and rectify systemic barriers that hinder certain groups from accessing opportunities or achieving desired outcomes. Equity involves providing targeted support, resources, and accommodations to those who face disadvantages or marginalization. The goal is to ensure that everyone has a fair chance to succeed and thrive, regardless of their background, identity, or circumstances.
Inclusion, on the other hand, focuses on creating a sense of belonging and actively involving individuals from diverse backgrounds. It emphasizes creating an environment where all individuals feel respected, valued, and supported to participate and contribute their unique perspectives and talents. Inclusion involves fostering a culture of collaboration, open communication, and mutual respect, where diversity is seen as a strength and is actively sought out and embraced.
Both equity and inclusion are interconnected and mutually reinforcing. Achieving equity requires creating inclusive environments where individuals feel welcomed and empowered to participate fully. Inclusion, in turn, cannot be truly achieved without addressing systemic barriers and promoting equity to ensure that all individuals have equal opportunities and experiences.
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Seong finds that a geographic restructuring would have a positive effect on his insurance company's sales department and increase its efficiency. He draws up a report for the board of directors in which he suggests that separate departments should be set up for each of the company's 10 sales territories which statement is most likely to increase the positivity of his proposition? a. Geographic restructuring is not likely to reduce the company's overall costs. b. A geographic structure might possibly have a positive effect on the company c. Let me know if you want to work on changing the structure of the company d. I look forward to putting together a detailed plan to restructure the company geographically e. Using a geographic structure will not guarantee that the company's productivity increases
Answers
The statement that is most likely to increase the positivity of Seong's proposition is: I look forward to putting together a detailed plan to restructure the company geographically.
This statement shows Seong's commitment and enthusiasm in taking the necessary steps to implement the geographic restructuring. It demonstrates his proactive approach and willingness to take responsibility for creating a detailed plan, which can increase the confidence and support of the board of directors in considering the proposition.
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What are the three 3 objectives of financial planning?
Answers
objectives of financial planning are identifying the investment, resource, and financial needs of the future. choosing the financial sources. efficient administration or use of these monies. locating plan's dangers and problems.
What does the phrase "financial planning" mean?In order for a company to fulfill its strategic goals and objectives, financial planning must be done. The Financial Plan is often developed by a corporation as soon as the vision and goals have been established. According to common usage, a financial plan is a thorough assessment of a person's present earnings and future financial condition that uses currently available information to forecast future earnings, asset values, and withdrawal schedules.
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who determines whether a good is normal or inferior?
a-individual.
b-sellers
C-government
tions
d-all the above.
Answers
Answer:
A.
Explanation:
Determining whether a good is normal or inferior depends on individuals. When there is a rise in the income of a person and he/she buy more of a good, it shows that good is normal. When there is a rise in a person income and there is a decrease in the demand for goods, then the product is inferior.
Therefore, it is an individual who determines whether a good is normal or inferior. Thus option A is correct.
Craig would like to set up a meeting with five of his coworkers. Craig should use _____.
email?
Answers
Comparing a set of feasible alternatives and picking the best one is an optimization process called _________.
Answers
Comparing a set of feasible alternatives and picking the best one is an optimization process called cost-benefit analysis.
What is cost-benefit analysis?
Cost-benefit analysis can be defined as the process of comparing two different cost and then choosing the best cost that will be of benefit after analyzing and evaluating the two cost.
Cost-benefit analysis is important for companies or organization during decision making process.
Therefore Comparing a set of feasible alternatives and picking the best one is an optimization process called cost-benefit analysis.
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which of the following statements is false? a. allowance for doubtful accounts is a contra account that is used to reduce accounts receivable to its net realizable value. b. because the allowance method results in better matching, accounting standards require its use rather than the direct write-off method, unless bad debts are immaterial. c. the reason the allowance method of recognizing bad debts is used is primarily because it recognizes higher amount of accounts receivable on the balance sheet than the direct method. d. an aging schedule typically categorizes the various accounts by the length of time each invoice is outstanding. e. bad debts expense is debited and allowance for doubtful accounts is credited at the end of the period to recognize bad debts under the allowance method.
Answers
The allowance approach is primarily used to produce a more precise estimate of the bad debt expense and to better match revenue and expenses, hence option (C) is erroneous.
Which of the subsequent claims on the tolerance for uncertain accounts is true?The right answer is (a) The usual balance is a credit, while an allowance for doubtful accounts is a contra asset account. Based on information from the previous year and projections for the future, the management transfers a certain amount to the allowance for doubtful accounts each year.
Is the account to which the allowance for doubtful accounts' balance is added a counter asset account?A debit balance typically represents accounts receivable. Its allowance for doubtful accounts counter asset account will have a credit balance. When you include.
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Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is
considered part of the manufacturing section, because it produces the physical product: books, magazines,
newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until
printing transforms it into one)?
O primary, because it makes original content
secondary, because it transforms ideas into physical objects
tertiary, because it provides a service
quaternary, because it involves research
Answers
Answer:
quaternary, because it involves research
Explanation:
Does higher deductible mean lower premium?.
Answers
In most cases, the higher the deductible of a plan, the lower the premium. When you are willing to pay more upfront for care, you save money in the long run. The lower the deductible of a plan, the higher the premium.
What does "higher deductible" mean?Different things affect your premium. That’s the amount you pay each month to maintain your health care coverage. How many people are on your plan, the type of plan and network size all lower or raise your premium. So does a plan’s deductible.
The difference between a $500 and a $5,000 deductible is significant.Some people would prefer a lower premium and to pay more upfront for care as they go. It can make your expenses less predictable because you never know when you will have a large amount of medical bills.
Some people prefer to feel more financially secure. They like knowing that if they need insurance, they won't have to come up with a large sum of money before their plan begins to cover the cost. As a result, they would prefer a higher premium but a lower deductible. It increases the predictability of your costs.
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A company that is organized by function will group its employees into teams based on what?
Answers
This organisational structure divides workers into functional areas according to their areas of competence. These functional categories frequently correspond to phases of the value chain like operations, R&D, and marketing and sales.
What is meant by organisational structure?The way tasks are assigned, coordinated, and managed in order to achieve organisational goals is determined by the organisational structure. The foundation upon which standard operating procedures and routines are built is provided by organisational structure, which influences organisational action. Functional, multi-divisional, flat, and matrix organisational structures are the four different types.An organisational structure is a framework for managing specific tasks in order to accomplish a strategic goal. All of these activities have guidelines, expectations, and roles.An organization's structure serves as a tool for its members to carry out their duties in an effective and timely manner as well as for the organisation as a whole to achieve its goals and objectives. In addition to assigning employees their specific work duties and responsibilities, an organisational structure aids management in coordinating and managing operations.To learn more about organisational structure, refer to:
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what would happened is banking didnt exist? i really have no idea
Answers
Answer:
we wouldn't have loans to buy a house or a car. We wouldn't have paper money to buy the things we need. We wouldn't have cash machines to roll out paper money on demand from our account
Explanation:
What part of $14 is greater than $12
Answers
Answer:
$2
Explanation:
so this question is easy and not need to be explained much but if u don't know then there r many ways to find the answer one of it is to
$14 - $12 = $2
Done!!!!!
Charge cards require the cardholder to pay the full balance each due date.
True
or
False
Answers
what is the difference between a real estate seller and a broker?
Answers
The difference between a real estate seller and a broker have been stated in the explanation below
Difference between a real estate seller and a brokerIn the context of real estate, a seller is a person or entity who owns a property and is looking to sell it. A real estate broker, on the other hand, is a licensed professional who acts as an intermediary between buyers and sellers in real estate transactions. Brokers may work independently or as part of a brokerage firm, and they are often responsible for helping sellers market and sell their properties.
Here are some key differences between a real estate seller and a broker:
Ownership: A seller is the owner of the property being sold, while a broker does not own the property but rather works on behalf of the seller to help find potential buyers and complete the sale.
Licensing: Real estate brokers are required to be licensed in order to practice in most states, and they must complete a certain amount of education and pass a state exam. Sellers, on the other hand, do not need to be licensed, as they are simply selling their own property.
Expertise: While a seller may have knowledge about their own property and its value, a broker typically has more expertise in the real estate market as a whole, and can provide guidance on pricing, marketing, and negotiating the sale.
Commission: A seller typically pays a commission to the broker for their services, which is a percentage of the sale price. The commission is typically negotiated between the seller and the broker before the property is listed for sale.
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Which technologies have made global communication instant and more effective? Choose three answers.
social media
wireless devices
smart phones
automobiles
printed newspapers
Answers
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.
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Answer: a b c
Explanation:
just took the unit
how can technology boost prosuctivity in ur business
Answers
Technology has transformed the way businesses operate, enabling them to increase efficiency, save time and resources, and ultimately boost productivity. Here are some ways technology can help businesses achieve this:
Automation: Technology can automate repetitive tasks, such as data entry, invoicing, and payroll processing, freeing up valuable time for employees to focus on more important tasks. Collaboration: Technology enables employees to collaborate and communicate more effectively, regardless of their location, through tools such as video conferencing and instant messaging.
Cloud Computing: Cloud computing allows businesses to store and access data and applications from anywhere, at any time, providing flexibility and accessibility to employees.Analytics: Technology can provide businesses with insights into their operations through data analytics, allowing them to identify areas for improvement and make data-driven decisions.
Mobile devices: Mobile devices have enabled employees to work on the go, allowing them to be productive even when they're away from the office.In conclusion, technology can significantly boost productivity in businesses by automating tasks, enabling collaboration and communication, providing flexibility, delivering data insights, and facilitating remote work. As technology continues to evolve, businesses must stay up-to-date with the latest tools and trends to remain competitive and productive.
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FILL THE BLANK.
1) Eric the Redd (Scenario)
Eric Redd graduated from college and was hired by a corporation that manufactured parts for the automotive industry. The employees on the assembly line seemed bored, and their motivation was low. Eric's employer decided to try to reorganize to increase productivity. During his career, Eric will see his job change from an engineer to a more complex job assignment.
a) Eric sees this new assignment as an increase in ________, or an obligation or expectation for him to perform at a new level.
A) functional structure
B) divisional structure
C) responsibility
D) authority
Answers
Eric sees this new assignment as an increase in responsibility or an obligation or expectation for him to perform at a new level. Thus, the correct option is (C) responsibility. Eric Redd was hired by a corporation that manufactured parts for the automotive industry after he graduated from college.
The employees on the assembly line were uninterested and unenthusiastic, causing their productivity to decline. Eric's employer decided to try and restructure the company to improve productivity, which resulted in Eric's career-changing from an engineer to a more complicated job assignment. According to the scenario, Eric perceives this new assignment as an increase in responsibility or an obligation or expectation for him to perform at a higher level. In organizational management, responsibility refers to the obligation or expectation of employees to perform particular job duties and achieve specified outcomes.Responsibility is the obligation or expectation of individuals to perform specific job functions and accomplish certain objectives. In this case, Eric recognizes that his new job necessitates a greater degree of responsibility than his previous position as an engineer. He must take on a broader scope of responsibilities and be responsible for various tasks that may affect the company's b and efficiency. As a result, the new role brings with it a greater level of accountability and expectations for the performance of tasks.
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Janyell is the money person. All purchases or any funds needed for business activities have to be sent to her and approved first.
Which Function of Business is Janyell most closely
associated with?
A- accounting
B- sales
C- production
D- finance
Answers
Answer:
B?
Explanation:
severely affecting the health of miners, workers and surrounding communities.
Answers
Mining operations can have detrimental effects on the well-being of miners, workers, and communities living in close proximity.
The process of mining can result in environmental contamination through the release of harmful substances such as heavy metals and chemicals, which can contaminate water sources and pose health risks to nearby communities. Additionally, the dust, noise, and vibrations produced during mining activities can lead to respiratory issues, hearing loss, and other health complications for both workers and residents in the vicinity. Furthermore, the use of heavy machinery and explosives increases the potential for accidents and injuries among workers and nearby communities. To mitigate these risks and safeguard human health and the environment, it is imperative to enforce stringent regulations and implement robust safety measures in mining operations.As a result, implementing stringent regulations and safety protocols becomes imperative in order to mitigate these risks effectively and safeguard the well-being of individuals and the environment.
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the closing process involves separate entries to close (1) expenses, (2) drawings, (3) revenues and (4) income summary. the correct sequencing of the entries is: a. (3), (2), (1), (4) b. (4), (3), (2), (1) c. (1), (2), (3), (4) d. (3), (1), (4), (2)
Answers
The closing process involves separate entries to close (1) expenses, (2) dividends, (3) revenues, and (4) income summary. The correct sequencing of the entries is (3), (1), (4), (2).
What is revenue?
The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. The term "commercial revenue" can also refer to sales or turnover. Some businesses make money from royalties, interest, or other fees. The term "revenue" can mean income in general or the total amount of money earned over a certain time period, as in "Last year, Company X had revenue of $42 million." The general definition of profits or net income is total revenue less total expenses for a specific time period. Revenue is referred regarded as the "top line" in accounting since it increases equity in the Equity part of the balance statement.
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One common advantage of a long-term investment is
higher return.
no risk.
higher liquidity.
no liquidity.
Answers
Answer:
higher return.
Explanation:
When it comes to investing, time is is a good friend. Long-term investments are more profitable compared to short-term investments.
Time overcomes market volatility. Naturally, markets move up and down. On some occasions, the draw-downs may be big and rapid, which may erode short-term gains. Staying in the market longer allows the market to correct its self and return to profitability.
By taking long term investments, the investor enjoys the benefits of compound interests. The investment earns interests on interests earned, which increases the investor's wealth rapidly.
One common advantage of a long-term investment is a higher return. Thus, option A is appropriate.
Investments are made to create income or profit in the future. They are typically made with money. In plain English, it entails investing money in a business or asset with the hope of receiving a return on the investment.
Investments are traditionally defined as "commitments of resources to realize benefits in the future." If money is involved, an investment represents a "commitment to receive more money later."
Thus, option A is correct.
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Tom is the CEO of a jewelry business based in Boston. He needs to send a parcel of 200 diamonds as quickly as possible to a partner in Canada. What mode of transport should he use?
A.
road
B.
sea
C.
air
D.
rail
E.
rail and road