Answer:
C) supply chain management
Explanation:
Downstream supply chain management tries to optimize the distribution of goods and the exchange of customers information in order to both:
lower distribution costs and time: eliminate unnecessary steps and channelsprovide better customer service: the whole customer service experience is enhanced when goods are delivered more rapidly and accurately.Julie Newmar will be implementing supply chain management for her company to improve customer service and reduce distribution costs. This integrates various tactics, methodologies, and systems to manage the procurement, storage, and transportation of goods.
Explanation:If Julie Newmar wants to improve customer service and minimize the costs of distribution by enhancing intra-company and marketing channel collaboration, she will be practicing supply chain management. Supply chain management (c) includes tactics, processes, and methodologies to manage and synchronize the supply, storage, and transport of goods from the point of origin to consumption.
While customer relationship management (b) could be a part of this process by improving communication with customers, and horizontal marketing system management (d) could also help by coordinating marketing efforts, supply chain management is the only option that explicitly addresses both cost reduction in distribution and enhanced team cooperation.
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Equipment that cost $411000 and on which $194000 of accumulated depreciation has been recorded was disposed of for $173000 cash. The entry to record this event would include a ________.
Answer:
Given that,
Cost of equipment = $411,000
Accumulated depreciation = $194,000
Dispose accumulated depreciation for cash = $173,000
The Journal entry is as follows:
Cash A/c Dr. $173,000
Accumulated depreciation A/c Dr. $194,000
Loss in Disposal A/c Dr. $44,000
To Equipment a/c $411,000
(To record the accumulated depreciation and dispose off.)
Loss in Disposal:
= Cost of equipment - Accumulated depreciation - Dispose accumulated depreciation
= $411,000 - $173,000 - $194,000
= $44,000
You are advising a local nonprofit on strategy. The nonprofit supports cancer research and relies entirely on donations. You recommend that the nonprofit engage in marketing activities. The executive director tells you that because it is a nonprofit that does not engage in selling activities and has a small budget, the nonprofit has no use for marketing. You disagree and explain that marketing is not just for for-profit organizations. You explain the different ways the nonprofit can engage in marketing without changing its practices or the mission. Which of the following marketing activities would be most feasible for this nonprofit?
Answer:
E. Use inexpensive digital marketing tools to inform the community about an upcoming fundraising event.
The nonprofit organization can engage in marketing activities such as social media marketing, content marketing, collaborations with local businesses, organizing special events, email marketing, and using marketing analytics to promote its work and increase donations.
Explanation:Even though the local nonprofit organization is not engaged in selling activities, it can still take advantage of various marketing activities to promote its mission and solicit more donations. For instance, it can utilize social media platforms to engage with its audience and share stories about how their donations are contributing to cancer research. Content marketing in the form of blogs and newsletters can be used for education about their research and its impacts. Collaborations with local businesses and organizing special events can also be part of the marking tactics.
For a more direct approach, the organization can engage in email marketing to reach out to potential donors. Furthermore, the importance of marketing analytics should not be overlooked as it can help the organization understand their audience's behavior better and design more effective marketing strategies accordingly.
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Mediaquant is a firm that tracks media coverage for each candidate and assigns a dollar value to it based on advertising rates. It evaluated the 2016 presidential campaign and concluded that Donald Trump received $4.96 billion in free media coverage, 60% of which came from the internet, including online news, blogs, forums, and social media.what best describes the campaign strategy?
Answer:
Social Media
Explanation:
Social media strategy should be the best definition in that campaign. With the help of social media, Mediaquant can outreach people who vote for whom. Social media also permits the candidates to attract a new generation of voters through their influential power. With the help of social media such as face-book and other social medias, Donald Trump or other political parties bypass their ability in the political field to the public. Therefore, social media describes the campaign strategy very much.
Eliza is a kindergarten teacher for Alexander Hamilton Elementary School. Eliza decorates her classroom with new artwork, posters, bulletin boards, etc. In 2018, she spends $470 on materials and supplies for her classroom. The school reimburses her $100 (the annual reimbursement limit). Eliza can deduct _________ for AGI and _________ from AGI.
Answer:
Eliza can deduct $250 for AGI and $0 from AGI.
Explanation:
Due to the Tax Cuts and Jobs Act, a teacher can only deduct classroom expenses up to $250.
The $250 are above the line deductions that lower your adjusted gross income (AGI), while the $0 represents below the line deductions made once your total AGI has been calculated.
____ involves completely disclosing to participants the goals and procedures involved in the study and obtaining their agreement to participate.
Answer: The correct answer is OBTAINING INFORMED CONSENT.
Explanation: TIPS: In obtaining informed consent, participants are fully informed of the subject about his or her rights, the aim of the study, the procedures to be undertaken, the pros and cons of their participation, length of time of the study.
This is to ensure that the participation of subjects in the study is entirely voluntary and decision is not influenced.
Faculty members at University of Colorado-Colorado Springs participated in strategic planning sessions to decide whether to emphasize undergraduate research programs as an area of special focus at the university. Part of this process included _____, during which the HR staff and faculty members identified potential opportunities (for instance, possible collaborations with local businesses that would result in mutual benefits to students and the businesses) and threats (dependency on tax funding for support).
Answer:
A part of this process included environmental scanning, during which the HR staff and faculty members identified potential opportunities.
Explanation:
The term 'environment' used in 'environmental scanning' refers to the endpoints and the span of the discipline of knowledge that the faculty members and the University is associated with. Through environmental scanning, it is possible to devise the new and improved opportunities that are available in ones own field of work and knowledge.Part of the strategic planning process at the University of Colorado-Colorado Springs involved a SWOT analysis to identify opportunities and threats related to emphasizing undergraduate research programs. This analysis helps in strategic decision-making by evaluating strengths, weaknesses, opportunities, and threats.
Faculty members at the University of Colorado-Colorado Springs participated in strategic planning sessions to decide whether to emphasize undergraduate research programs as an area of special focus at the university. Part of this process included SWOT analysis, during which the HR staff and faculty members identified potential opportunities (for instance, possible collaborations with local businesses that would result in mutual benefits to students and the businesses) and threats (dependency on tax funding for support).
A SWOT analysis helps organizations identify their Strengths, Weaknesses, Opportunities, and Threats to enable strategic decision-making. In this context, the exercise aimed to help the university determine the feasibility and potential impacts of emphasizing undergraduate research programs.
The cyclical deficit:________ A. is not affected by changes in actual income or potential income. B. rises as the economy expands and falls as the economy contracts. C. is the deficit that exists if the economy is at potential income. D. rises as the economy moves below potential output.
Answer:
B. rises as economy expands, falls as economy contracts.
Explanation:
Deficit is the excess of government expenditures over government revenues.
Cyclical Deficit is interconnected to the Business Cycle phases of : Expansion, Peak, Recession, Depression, Trough, Recovery.
During growth stages of Business Cycle: Expansion or Recovery - this deficit falls because; there is more economic/ business activity & so more taxes receipts for govt & less govt expenditure on social support transfer payments (eg subsidies) to support public.
During declining stages: Recession or Depression - this deficit rises because; there is less economic/ business activity & so less taxes receipts for govt & more govt expenditure on social support transfer payments (eg subsidies) to support public.
Omar works diligently to accomplish the company goals in an efficient and effective manner, utilizing his employees through planning, organizing, leading, and controlling company resources. Omar is:________
Answer:
Manager
Explanation:
A manager is person that put together human workforce by planning, organizing an controlling the companies resources in other to achieve the companies goals effectively and efficiently.
Some banks offer special accounts designed to attract junior high school students. These kids save in such small amounts that the accounts cost banks more to maintain than they are worth; however, bankers know that consumers are creatures of habit and hope that the young people they serve now will become adult customers. These banks recognize ___________.A. that operational excellence is an important macro strategy.B. the lifetime value of customers.C. that product excellence leads to loyal customers.D. the importance of making decisions based on short-term results.E. that as long as customers bring in some revenue, costs do not matter.
Answer: The lifetime value of customers.
Explanation:
The banks are building a business relationship with the young high school students, based on the overall lifetime customer value they predict to obtain from each student. The life time customer value is the financial benefits a business gains from a customer, as a result of the relationship they share overtime.
The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the:
Answer:
The three main pillar of sustainability
Explanation:
Sustainability is fulfilling the present needs without compromising the needs of the future generation.
The three main pillars of sustainability include economic, environmental and social.
Economic pillar of sustainability - it is referred to that strategy that focuses is to use economic resources in a sustainable.
Environmental pillar of sustainable - it is focused on the use of such thing that lower the impact of facilities on the environment
Social Pillar of sustainable - is work on training programs to fulfill the needs of individuals according to the group.
Answer:
Explanation:
Sustainability is the practice of using natural resources responsibly, so they can support both present and future generations. There are three pillars of sustainability: economic, environmental, and social. A good example of Economic sustainability is to renovate your home or pay back debt. An example of environmental sustainability is to ban diesel cars or get rid of certain large polluting factories. Finally, an example of social sustainability is to volunteer for your community or protest for human rights.
A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provide both income and growth. The best recommendation would be:
Answer:
large capitalization growth stocks
Explanation:
Out of the four possible options, large capitalization growth stocks are the only option that provides potential growth and receives income from dividends.
Money market instruments are extremely safe investments, but they yield a very low return. This type of investment is suitable for investors that wish to preserve their capital.
Mutual funds is not a very specific answer, since it can apply to several types of investments.
Bonds only provide income, but they do not provide growth (fixed coupon rate).
According to the principle of _____, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
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An owner of a stable of racehorses has been earning below-average returns for over 15 years. To a colleague, he expressed his determination to stay in horse racing until he died because "racing is in my blood." This individual is probably still racing horses because of: Select one: a. high barriers to exit. b. high switching costs. c. high fixed costs. d. low levels of competitive rivalry.
Answer:
a. high barriers to exit
Explanation:
Barriers to exit in economics are barriers in a firm's path that wants to leave a given market or industry sector. Such obstacles cost the firm to leave the market financially, and may prevent it from doing so altogether.
"Bill thought he had received the best deal on his new car. Shortly after the purchase, Bill started to notice certain disadvantages of his new car as he learned more about other cars available. Bill is experiencing ________."
Answer:
Cognitive dissonance
Explanation:
Cognitive dissonance is the term which occurs or happen when the tension arises among the attitudes or beliefs of the person and the decision that contradicts with those pre- existing thinking modes.
In short, it means that it occurs when a person select among the two equally unappealing or equally attractive options.
So, in this case, Bill thinks that he had received the best deal for the car, but after purchasing, he noticed the disadvantages of the car as he learned regarding the new cars. Therefore, he is experiencing the cognitive dissonance.
Bill is experiencing buyer's remorse, a common phenomenon heightened by imperfect information in the marketplace. Buyers may not be fully informed about the product's quality, like Marvin, who tries to avoid purchasing a 'lemon' by researching but still faces risks.
Explanation:Bill is experiencing what is known as buyer's remorse, which occurs when a new owner has second thoughts or sees disadvantages after a purchase, particularly as they learn more about alternatives. This feeling is compounded by the concept of imperfect information, a situation where buyers, like Marvin in our example, may not have complete knowledge about the product's quality or the existence of better alternatives at the time of purchase. In Marvin's scenario, he might take preventive actions, such as reading Consumer Reports or hiring a mechanic for an inspection, to reduce the risk of buying a lemon, a common term for a defective car. However, due to imperfect information in the market, there is no guarantee against purchasing a poor-quality vehicle. Sellers may have more knowledge about the car's defects and might not disclose all issues, as it would lower the car's selling price.
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________ refers to the condition under which there is alleged preferential treatment of one group (minority or women) over another group rather than equal opportunity.
Answer:
Reverse discrimination
Explanation:
Reverse discrimination is a condition under which there is alleged preferential treatment of one group (minority or women) over another group rather than equal opportunity.
Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation%u2014 Equipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utilities Expense, and Accounts Payable. The unadjusted trial balance for Sierra Corp. is shown in Illustration 4-4 (page 168). Instead of the adjusting entries shown in the text at October 31, assume the following adjustment data. 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $100. 3. Depreciation for the month is $75. 4. As of October 31, services worth $800 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $280. 6. Interest expense accrued at October 31 is $70. 7. Accrued salaries at October 31 are $1,400.
Adjusting entries for Sierra Corp. on January 31 include adjustments for supplies used, expired insurance, depreciation, performed services (both billed and unbilled), accrued interest, and accrued salaries.
Explanation:Based on the given adjustment data, the adjusting entries for Sierra Corp. will be as follows:
Supplies Expense: Debit $500 and credit Supplies $500, representing the supplies used up.Insurance Expense: Debit $100 and credit Prepaid Insurance $100, indicating expired insurance.Depreciation Expense—Equipment: Debit $75 and Accumulated Depreciation—Equipment: Credit $75, accounting for the depreciation.Service Revenue: Debit Unearned Revenue $800 and credit Service Revenue $800, reflecting services that have been performed.Accounts Receivable: Debit $280 and credit Service Revenue $280, addressing services performed but not yet billed.Interest Expense: Debit $70 and Interest Payable: Credit $70, relating to accrued interest.Salaries Expense: Debit $1,400 and Salaries Payable: Credit $1,400, covering accrued salaries.Learn more about Adjusting Entries here:https://brainly.com/question/33175618
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An entrepreneur is a person who assumes the risks of organizing and managing a business for the sake of reducing stress from the "rat race."
A) True
B) False
Answer:
false
Explanation:
For that reason, an entrepreneur relates to the individual who arranges and runs a company or enterprise, carrying on larger than average financial risks. Entrepreneurs simply think in a different manner and perform certain activities in different ways.
Being entrepreneurial can imply inside understanding of your business and being willing to use that skills to make new possibilities. Being creative may involve openly sharing ideas, and embracing so-called mistakes as learning and interactions developing.
Thus, from the above we can conclude that the given statement is false.
Pepsodent launched a new product that could whiten teeth, fight decay, and maintain fresh breath. Observing that Pepsodent did not focus on the dental sensitivity aspect, Colgate introduced a toothpaste which did all of the above and also protected sensitive teeth. This is an example of a(n) ________ attack. a. guerrilla b. flank c. frontal d. encirclement
Answer: Flank attack
Explanation:
Flank attack is a strategy in marketing that is adopted by a competing business to take advantage of an area their competitor is weak at or not paying attention to. It is a strategy used against leading business that are performing less than what is expected in certain segment.
Vaughn Corporation acquires a coal mine at a cost of $460,000. Intangible development costs total $115,000. After extraction has occurred, Vaughn must restore the property (estimated fair value of the obligation is $92,000), after which it can be sold for $184,000. Vaughn estimates that 4,600 tons of coal can be extracted. If 805 tons are extracted the first year, prepare the journal entry to record depletion. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Depletion expense A/c Dr $84,525
To Accumulated depletion A/c
(Being the depletion expense for the first year is recorded)
Explanation:
The journal entry is presented below:
Depletion expense A/c Dr $84,525
To Accumulated depletion A/c
(Being the depletion expense for the first year is recorded)
The computation is shown below
First we have to compute the depletion per ton which is calculated below:
= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)
= ($460,000 + $115,000 + $92,000 - $184,000) ÷ (4,600 tons)
= $105
Now if 805 tons are extracted in first year, so the depletion would be
= 805 tons × $105
= $84,525
oy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in interest?
Answer:
Annual Compounding
Explanation:
Compounding Interest or Compound Interest is a means of calculating interest on a loan taken using both the interest accumulated from previous periods and the principal amount taken on the loan at the initial instance.
Compounding Interest's calculation involves the multiplication of the principal amount and the interest rate. The interest rate however unlike simple interest is raised to the number of periods involved in the compound minus one.
Interests can be compounded daily, weekly, monthly or semi-annually, annually or depending on your agreed period.
It is important to note that the lower the number of compounding periods then the lower the interest to be paid. For instance, a daily compounding pays more interest than a monthly one, monthly more than bi-annual and bi-annual more than annual. This is because the calculation takes into consideration all the periods involved and the higher the number of periods the higher the interest.
So an annual compounding will mean Joy will compound less often than daily, weekly or monthly and this will guarantee the payment of the lowest interest.
Suppose the U.S. Drug Enforcement Agency steps up its efforts to control the illegal importation of cocaine into the United States. What is the likely effect on the market for illegal drugs in the United States?
Answer:
The Price of Cocaine would rise drastically
Explanation:
If U.S Drugs Enforcement Agency impose higher restrictions in an effort to control illegal import of cocaine into the United States, this would directly impact the market for illegal drugs in the following ways:
Since more restrictions get imposed, the procurement cost of cocaine alongside the risk associated with it in the form of higher penalties and prosecution, both will rise.The supply of cocaine would shrink in the market.The above two outcomes would result into the procurers and peddlers demanding much greater price for the same quantity of cocaine so as to compensate for the higher risk assumed and higher procurement costs associated.Thus, price of cocaine will rise drastically as an outcome of such a move.
Hilton Hotels has diversified its lodging brands by adding Curio Collection, Tapestry Collection, and Canopy by Hilton, properties that offer stylish, distinctive decors and personalized services that appeal to young professionals seeking distinctive lodging alternatives. Managers can enhance the differentiation of these new brands based on all of these value drivers except
A. pursuing continuous quality improvement.
B. striving for innovation and technological advances.
C. striving to create superior product features, design, and performance.
D. seeking out low-quality inputs.
E. increasing the intensity of marketing, brand building, and sales activities.
Answer:
The correct answer is D
Explanation:
Diversified is the term which is described as diverse or the varied. The hotels wants to have the different or varied brands so that the properties offer the personalized services, stylish and distinctive decors, which attract the professionals seeking the different alternatives.
So, in order to enhance the differentiation of the brands, the hotel should seek out or reach out the inputs which are of low quality.
Hilton can enhance brand differentiation except by seeking out low-quality inputs. Quality improvements, innovation, superior features, and increased marketing are beneficial, while low-quality inputs conflict with the differentiation strategy.
Explanation:Managers can enhance the differentiation of new Hilton Hotel brands such as Curio Collection, Tapestry Collection, and Canopy by Hilton by implementing several value drivers, except for seeking out low-quality inputs. Strategies like pursuing continuous quality improvement, striving for innovation and technological advances, and creating superior product features, design, and performance are effective in differentiating these brands and appealing to target customers like young professionals. Intensifying marketing, brand building, and sales activities are also crucial. However, seeking out low-quality inputs can be detrimental as it conflicts with the goal of providing differentiated and high-quality services that these brands are known for.
These concepts align with Michael Porter’s differentiation strategy where a firm seeks to offer unique attributes valued by customers. On the spectrum of differentiation, quality and variety play pivotal roles in distinguishing products and services in competitive markets. Differentiation can be achieved through vertical dimensions such as quality, where there is a general consensus on superiority, or horizontal dimensions like variety, which depend on personal preferences and do not necessarily imply better quality. Porter cautions against combining cost leadership and differentiation strategies, suggesting that striving for both could leave a firm 'stuck in the middle' with no clear competitive advantage.
When preparing a journal entry for a transaction that affects retained earnings, the "Retained Earnings" account should not be debited or credited. Instead, the account which ultimately affects retained earnings should be debited or credited. True or false?
Answer:
True
Explanation:
As we know that the ending balance of retained earnings is computed by considering the following equation
= Starting balance of retained earnings + net income - dividend paid
Since the net income which is come by subtracting the expenses from the revenue and the dividend paid is debited or credited at the time of passing the journal entries instead of retained earning account because these above accounts are got affected.
Like expenses account are always debited while the income account are always credited
The attainable production points on a production possibility curve are
Answer:
Points along and inside the PPF (Production Possibilities Frontier)
Explanation:
PPC stands for Production Possibility Curve, which measures or evaluates the maximum output of the two goods and that is using the fixed amount of input.
The point on the curve states how much or amount of each good is to produced when the resources are shifted or moved from making more of one good or less of the other one.
Therefore, the attainable production points on the PPC are the points that are inside and along the production possibilities Frontier (PPF).
The price elasticity of demand is:
a) the ratio of the percentage change in quantity demanded to the percentage change in price.
b) the responsiveness of revenue to a change in quantity.
c) the ratio of the change in quantity demanded divided by the change in price.
d) the response of revenue to a change in price.
Answer:
a) the ratio of the percentage change in quantity demanded to the percentage change in price.
Explanation:
The formula of the price elasticity of demand is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
Change in quantity demanded would be
= Q2 - Q1
And, average of quantity demanded would be
= (Q1 + Q2) ÷ 2
Change in price would be
= P2 - P1
And, average of price would be
= ($P1 + P2) ÷ 2
The price elasticity of demand is the ratio of the percentage change in quantity demanded to the percentage change in price, making option a) the correct answer. It's a fundamental concept in economics that describes how sensitive the demand for a product is to changes in its price.
The price elasticity of demand is understood as the ratio of the percentage change in quantity demanded to the percentage change in price. This concept is critical in understanding how sensitive the demand for a product is in relation to its price changes. The correct answer to the given question is a) the ratio of the percentage change in quantity demanded to the percentage change in price.
Price elasticity of demand illustrates how demand for a product can significantly vary with a slight change in its price, enabling businesses and economists to predict potential revenue changes. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. Understanding this concept is crucial not only in setting prices but also in anticipating market dynamics and consumer behavior.
A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not. True False
Answer:
FALSE
Explanation:
It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.
The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.
A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue
Andrea, the COO of a wine country luxury tourist train business, has been asked to present her company with an evaluation of strong prospects for attractive profits. What would she normally not include in her analysis?
Answer:
The factors affecting the tourism negatively.
Explanation:
There are a lot of factors which influence the tourism in any country, obviously there can be pros and cons.
Some factors that Andrea wouldn't like to include in her analysis can be the weather conditions(weather plays a huge role in attracting tourism), safety(Safety is the top most priority of every tourist), road conditions(If the conditions are not good for travelling via car, tourists may think twice before going to that particular place.
Hence, these are some factors that Andrea will try to not include in her analysis in order to show attractive profit prospects.
Hope this clears your thought. ThankYou.
Andrea, the COO of a wine country luxury tourist train business, would normally not include personal opinions or anecdotal evidence in her evaluation of strong prospects for attractive profits.
In a business analysis concerning the prospects for attractive profits, it is critical to base the evaluation on data-driven insights and objective measures rather than subjective views. Andrea should focus on several key elements:
Market Analysis: Evaluating the target market's size, growth potential, and competitive landscape to understand demand for luxury tourist trains.Financial Projections: Detailed profit and loss statements, cash flow analysis, break-even analysis, and return on investment projections to assess profitability.Operational Efficiency: Ensuring effective cost management, resource allocation, and process optimization to maximize profits.Customer Insights: Using customer feedback, preferences, and satisfaction surveys to tailor services that meet market needs and drive revenue.
Including subjective opinions or anecdotal evidence in such an analysis can undermine the credibility of the evaluation. Data-driven decision-making is paramount for accurately forecasting profitability and identifying strategic opportunities for growth.
1. Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
Answer:
1- planning
2- command
Explanation:
1- Planning deals with thoughts and organising the tasks required to attain a target goal.... Planning is also a management process which deals with defining goals for the long term viability of a company and deciding the tasks and resources to achieve those goals
2- Command directs the company with plans well thought out to work effectively. Command incorporates the organisation's framework to make it more effective.
A procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to which quality control element?
Monitoring is a procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to which quality control element.
Explanation:
Ensuring the quality of any product is important for a business for its success. Every business must ensure the quality of any product and confirm that they meet the requirements and specifications of it. In this quality control process the products will be tested in order to ensure that it meets the specifications, standards and requirements.
It also ensures that the product is safe to use and free from defects. Quality control can be partitioned into three stages like, incoming quality control, in-process quality control and outgoing quality control. Monitoring procedure helps to ensure that these quality controlling procedures are applied to the elements.
Quality Assessment within a Quality Assurance program is the element most directly related to periodically testing the application of quality control procedures, which entails monitoring ongoing performance and ensuring systems remain under statistical control.
Explanation:The procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to Quality Assessment within a Quality Assurance program. Quality assessment is a critical component that determines if the system is under statistical control and identifies any deviations. It monitors the ongoing performance of the quality control measures in place and determines when a corrective action is required. This ensures that the analysis remains free of bias and maintains predetermined confidence intervals.
Quality assessment relies on tools like control charts to monitor quality control procedures. By adding new quality assessment data and reviewing it regularly, we can affirm whether quality control procedures continue to maintain the desired level of control, and the results are reliable.
Generally, the top management of a company would most benefit from information such as summary reports of transactions, detailed reports of problems, and operating plans and policies. True or false?
Answer:
False
Explanation:
Different levels of management have their information need, this can be classified as operational, tactical and strategic.
Operational information - are information relating to day to day routine of the entity, such information is needed by the lower level management.
Tactical information- are information which deals with decisions relating to the deployment of the various assets of an entity, this information is needed by middle level management.
Strategic information - This is information that relates to the strategic focus of an entity such information is for top level management..