List and briefly explain five activities for which a purchasing department normally has responsibility

Answers

Answer 1
They are in charge of controlling the inventory and finding proper storage for their products. They are in charge of determining quantity needs. They are the ones that deal with the suppliers, so they must maintain good relationships with them. They are the ones that select the suppliers and negotiate with them. They also are supposed to maintain records of their inventory.

Related Questions

A short-term usually spans ______ while a long-term goal typically spans

Answers

Final answer:

A short-term goal usually spans about one year or less and a long-term goal spans several years or a lifetime.

Explanation:

A short-term goal typically spans a timeframe of about one year or less while a long-term goal usually spans over a period of several years or even a lifetime. For example, a student's short-term goal might be to achieve an 'A' grade on a particular project or exam, whereas their long-term goal might be to graduate with honors or pursue a specific career path. These two types of goals are both important steps in successful life planning.

Learn more about Goals here:

https://brainly.com/question/31463084

#SPJ12

A short-term goal usually spans a relatively shorter period of time, while a long-term goal typically spans a longer period of time.

The duration of a short-term goal can vary depending on the context and specific objectives involved. It generally refers to goals that can be achieved within a few months to a year. Short-term goals are often more immediate and focused on specific actions or milestones that contribute to the overall progress towards a larger goal.

On the other hand, a long-term goal typically spans a significantly longer period of time, often extending beyond one year. Long-term goals are more comprehensive and strategic in nature, requiring sustained effort and planning over an extended period. They are often associated with broader objectives, such as career advancement, business growth, personal development, or achieving a significant outcome or impact.

Learn more about objectives here:

https://brainly.com/question/25759238

#SPJ12

Quiz week 3 - 401(k) & investing a 6. if a person starts investing $100 per month starting at age 21, and that money earns a 7% return every year, how much will this person have when turning 70 years old? for ease of calculation, assume starting balance of $0 and annual contributions of $1,200 (12*$100).

Answers

To solve this problem, we use the formula:

F = A [(1 + i)^n – 1] / i

where,

F is the future value or the amount he will have

A is the amount he invest each year = 1200

n is number of years = 70 – 21= 49

i is the interest or return rate = 7% = 0.07

 

Hence the value of F is:

F = 1200 * [1.07^49 – 1] / 0.07

F = $454,798.80 

This can be solved by a formula for compound interest wherein:

A = Expected amount
i = interest raten = annual depositst = timed = initial deposit amount
A = d { [(1 + i/n )nt+1 - (1 + i)] / i }A = 100 { ((1 + 0.00583)841 - (1 + 0.00583)) / 0.07 }A = 100 { (132.793 - 1.0053) / 0.07 }A = 188268 
The final amount would be 188268 dollars after he has already turned to the age of 70 if he would start investing in this investment medium when he is only 21.  

The _ is to sensory input as major city airport is to a country's airplanes through which all air traffic passes en route to the various destinations

Answers

Final answer:

The thalamus in the brain is analogous to a major city airport; it serves as a central hub where sensory input is processed and routed to the appropriate cerebral cortex areas, similar to how passengers and luggage are directed to various destinations from an airport.

Explanation:

The analog given in the question relates to the processing of sensory input in the human body. Just as a major city airport acts as a hub through which all air traffic passes en route to various destinations, the thalamus in the brain serves a similar function for sensory input. All sensory signals, except for those from the olfactory system, are routed through the central nervous system to the thalamus, which acts as a relay station directing sensory information to the appropriate areas of the cerebral cortex for processing.

The development of civil airline infrastructure is a metaphor for the intricate network through which sensory input travels. Airports with their terminals are akin to the thalamus and cortical areas that integrate and process the sensory information coming from our environment.

During sensory integration, the information is compared with memories and the current state of the person, leading to a specific response. This processing occurs in a pathway from the sensory structure through to integration areas in the brain, similar to how a traveler navigates through an airport to reach their final destination.

On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to the landlord. the landlord receives the check on july 31 and cashes the check on august 2. when should henry company record the rent expense associated with this transac±on?

Answers

Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.

Final answer:

Henry Company should record the rent expense in August, based on the accrual accounting principle, which dictates that expenses be recorded when they are incurred.

Explanation:

For the given case, Henry Company should record the rent expense associated with the transaction when the expense is incurred, which is according to the accrual basis of accounting. The accrual basis principle requires that expenses be recorded in the period they are incurred, irrespective of when the payment is made.

In this scenario, the rent expense for August should be recorded in August, the period in which the benefit of the rental is received, even though the check was prepared and sent in July. This follows the accrual basis of accounting where expenses are recognized when incurred rather than when cash is exchanged.

The natural rate of employment is achieved when:
a.the actual rate of unemployment is equal to zero.
b.the natural rate of unemployment is equal to the actual rate of unemployment
c.the quantity of labor supplied is equal to the quantity of labor demanded.
d.there is no cyclical unemployment.

Answers

I would say the answer is that the natural rate of employment is c. when the amount of labour supplied is equal to the amount of labour demanded. In other words the supply and demand for employment are in equilibrium and there is no excess on either side.

Answer:

The correct answer is letter "D": there is no cyclical unemployment.

Explanation:

Natural unemployment is often defined as the lowest unemployment rate that an economy can achieve. It's natural because factors other than a bad economy trigger it. Unemployment that is not considered to be natural is called cyclical, institutional or policy-based unemployment.

Thus, when there is natural unemployment there is no cyclical, institutional or policy-based unemployment.

The valuable skills and knowledge that employees of a business possess are collectively called

Answers

Option D. The valuable skills and knowledge that employees of a business possess are collectively called . intellectual capital.

Intellectual capital refers to the intangible assets that contribute to a company's value and competitive advantage. Unlike physical or financial assets, intellectual capital consists of non-physical resources such as knowledge, skills, innovation, and relationships that employees and organizations develop over time.

Intellectual capital is generally divided into three categories:

1. Human Capital

Definition: This includes the skills, expertise, creativity, and experience that employees bring to an organization. It encompasses not just formal education, but also on-the-job training, problem-solving abilities, and the ability to innovate and adapt.

Examples: A software developer's coding expertise, a marketing team's strategic thinking, or a research scientist's specialized knowledge in their field.

2. Structural Capital

Definition: This represents the processes, patents, trademarks, proprietary software, and organizational culture that belong to the business and remain with it even when employees leave. It’s the infrastructure that supports human capital and enables the organization to function efficiently.

Examples: A company’s internal systems and databases, intellectual property like patents or trade secrets, and organizational processes that optimize workflow.

Complete Question

The valuable skills and knowledge that employees of a business possess are collectively called

A  business assets

B  tangible inventory

C  outsourcing

D  intellectual capital

Andrew quits his job as an accountant where he earns $60,000 per year to go back to school for two years to get an mba degree. he attends a school that charges $25,000 per year for tuition and related expenses. how much is the total cost (explicit cost plus opportunity cost) of that degree?

Answers

Andrew is giving up $120,000.00 by quitting his job for 2 years and the cost for the degree is 25,000 per year so its costing him $170,000.00 for the degree.

Answer:

Total cost = $ 50000+ $120000= $170000

Explanation:

For this case we know that the tuiton fee given $25000/year

Since he go back to school for two years the total explicit cost is given by:

Total explicit cost = $25000/year *2years = $50000

Since Andrew quits his job that represent an implicit cost that is given by:

Implicit Cost or Opportunity cost= $60000/year *2 years= $120000

And then we can find the total cost with this formula:

Total cost = Explicit cost + Opportunity cost

Total cost = $ 50000+ $120000= $170000

The qualifier value that is used in the extracorporeal assistance and performance section to denote mouth-to-mouth resuscitation or artificial respiration is

Answers

D. The qualifier value that is used in the Extracorporeal Assistance and Performance section to denote mouth-to-mouth resuscitation or artificial respiration is nonmechanical.

Mouth-to-mouth resuscitation or artificial respiration is classified as nonmechanical in the Extracorporeal Assistance and Performance section. Artificial respiration techniques, such as mouth-to-mouth or mouth-to-nose resuscitation, are performed manually without the assistance of mechanical devices. These methods are critical in restoring breathing in trauma victims, especially when mechanical devices are not available.

Complete question

The qualifier value that is used in the Extracorporeal Assistance and Performance section to denote mouth-to-mouth resuscitation or artificial respiration is __________

A. hyperbaric.

B. manual.

C. balloon pump.

D. nonmechanical.

According to altman & taylor, the degree of intimacy in a relationship depends on the

Answers

The degree of intimacy in a relationship depends on the depth and breadth of the information shared together to the psychologist Altman and Taylor, they developed the Social Penetration Theory wherein it explains the differences of communication of relationships. The various aspects of person's life are referred to breadth while the depth is the details regarding these areas.

The wage a person requires before accepting a job is referred to as the ______ wage.

Answers

The wage a person requires before accepting a job is referred to as the reservation wage. The term reservation wage is used to define  the lowest wage rate at which a worker would be willing to accept a particular type of job. It is the minimum pay a person would work for the job.
The wage a person requires before accepting a job is referred to as the reservation wage. This is the lowest amount a person is willing to work for at a specific position. This wage may be changes at a later date depending on other factors such as quality of work, length of time on the job and many other factors.

Pgp implemented a _______________ making it so that no single person was universally trusted to sign certificates.

Answers

Pretty Good Privacy implemented a certificate authorities making it so that no single person was universally trusted to sign certificates.A trust signature shows that both the key belongs to its claimed owner and that the owner of the key is trustworthy to sign other keys. Its  versions always contain or include  a way to cancel or revoke identity certificates. 

Final answer:

PGP implemented a web of trust to prevent universal trust in signing certificates.

Explanation:

PGP (Pretty Good Privacy) implemented a web of trust making it so that no single person was universally trusted to sign certificates. In PGP, trust is established through a network of individuals who have verified each other's identities and can vouch for the authenticity of public keys. This decentralized approach ensures that no single party has complete control or authority over the trust infrastructure.

Learn more about Web of Trust here:

https://brainly.com/question/11875869

#SPJ12

Which best explains how the invention of money affected the barter system?

Answers

The best explanation that will describe how the invention of money affected the barter system is because of the cause of the barter system that is supplemented that is used by having a nonperishable or providing the nonperishable medium in terms of exchange.

What does george tell lennie to do if he gets in trouble at their new job site?

Answers

tell her or him the truth of what happened and try to fix it.

Suppose flowering plants generate a positive externality in consumption, if so then

Answers

The private benefit from consuming (buying, watering, caring for) the flowers will be different from the social benefit that comes from consuming the flowers. In this case, it could be the enjoyment experienced by people who come over to the person's house who purchased the plants: they are a third-party who were not directly involved in the plant-purchasing transaction.

Government policies are sometimes created to help reduce different types of unemployment. drag each government program to the appropriate type of unemployment the program would reduce.

Answers

Final answer:

Government programs such as job training, unemployment benefits, and business incentives can reduce different types of unemployment.

Explanation:

Government policies can be implemented to reduce different types of unemployment. Let's look at the various programs:

1. Job training and skill development programs

These programs aim to reduce structural unemployment by providing individuals with the necessary skills and training to meet the demands of the labor market. For example, offering vocational training or apprenticeships can help individuals acquire marketable skills.

2. Unemployment benefits

These programs assist individuals who are temporarily out of work and actively seeking employment. Unemployment benefits provide financial support to meet basic needs while individuals search for a new job.

3. Business incentives and tax breaks

These programs aim to stimulate economic growth and create job opportunities by providing incentives for businesses to start or expand their operations. Governments may offer tax breaks or grants to encourage businesses to hire more workers.

Learn more about Government programs to reduce unemployment here:

https://brainly.com/question/33287741

#SPJ3

An ethical _________ represents employee's perceptions about the extent to which work environments support ethical behavior.

Answers

 Ethnical Responsibility.

When real property is used as collateral for a bond, it is termed a/an ________. debenture senior bond indenture mortgaged security?

Answers

Final answer:

When real property is used as collateral for a bond, it is termed as a mortgaged security. This bond secures the bondholder if the borrower can't fulfill its payment obligation, with the pledged property being sold to repay them. Other terms like debenture, senior bonds, and indenture have distinct connotations.

Explanation:

When real property is used as collateral for a bond, it is termed a mortgaged security. A mortgaged security, also known as a mortgage bond, is a specific type of bond that is secured with a mortgage or collection of mortgages. The bondholder has a claim on the real property in case the borrower is unable to fulfill its obligation to pay back the bond.

For example, if a corporation issues a mortgaged bond and it is unable to pay the bondholders as promised, the property pledged as collateral can be sold to repay them.

Differentiating from other terms in the question, a debenture is a type of debt instrument that lacks collateral, and senior bonds are debts that take precedence over other unsecured or junior debt owed by an issuer. An indenture is a legal and binding contract between a bond issuer and the bondholders outlining details like the terms of the bond, the obligations of the issuer, and the rights of the bondholders.

Learn more about mortgaged security here:

https://brainly.com/question/31984395

#SPJ6

Final answer:

Real property used as collateral for a bond is termed a mortgaged security. This is a type of security measure where if the borrower defaults, the issuer can seize the real property to recover losses.

Explanation:

When real property is used as collateral for a bond, this form of asset is commonly referred to as a mortgaged security. This refers to the use of real property (like land or buildings) as a sort of insurance for the bond issuer. Essentially, if the borrower defaults on their repayment obligations for the bond, the issuer can seize this real property to attempt to recover their losses. This security measure is widely used and can pertain to different types of bonds, including corporate bonds, municipal bonds, and Treasury bonds, which are all different forms of bonds that can be issued by corporations, cities, and the federal government.

Learn more about Mortgaged Security here:

https://brainly.com/question/34500807

#SPJ6

Why is it advantageous to take market trends into consideration when planning a career path?

Answers

so you will know what you are dealing with 

Considering market trends in career planning is beneficial as it helps align career goals with job market demands, facilitates adaptability and flexibility in career paths, and influences informed decision-making for education and professional development.

Taking market trends into consideration when planning a career path is advantageous because it allows individuals to align their career decisions with the current and prospective demands of the labor market. Understanding market trends helps in identifying industries that are growing and in need of skilled professionals. This knowledge enables someone to acquire relevant skills and qualifications, making them more competitive in the job market. Additionally, by being aware of the changing environment, individuals can maintain flexibility in their career plans, thus adapting to new opportunities or changes in the economy. It also assists in setting realistic expectations regarding employment opportunities and potential earnings in certain fields.

Gathering information about market trends provides valuable insights into the necessary education, skills, and experience required for a target career. This allows for better preparation and increases employability by ensuring you possess the qualities that future employers are seeking. Moreover, being informed about market trends can guide your choices in education and professional development, and can influence how you market yourself during job searches or build contacts within your target industry or workplace. Lastly, considering market trends might help in assessing the financial viability of your chosen career, in terms of training cost and long-term earning potential to meet personal financial needs.

In summary, incorporating market trends into career planning is crucial in today's dynamic work environment. It enables career flexibility, ensures that the chosen career path is viable and rewarding, and aligns one's skills and qualifications with the demands of the job market.

If one of the parties in a court case doesn't agree with the verdict, what option is offered through the judicial system? everfi

Answers

IF ONE OF THE PARTIES OF A COURT CASE DOES NOT AGREE WITH THE THE VERDICT THEY HAVE THE OPTION OF TRYING TO APPEAL IT AT A HIGHER COURT. IF THE COURT DECIDES DECIDES TO ALLOW THE APPEAL THEY HAVE THE OPTION OF ANOTHER COURT TRIAL.

The adjusting entry for the loss of inventory due to shoplifting, employee theft, or errors should be made to:

Answers

The adjust entry should be made to the inventory of the merchandise in which they need to base it on the physical count that will be of good hands to prevent of experiencing the loss of inventory, the employee theft, shop lifting and other more errors.

A hospital benchmarked against a ferrari racing team in an effort to:

Answers

improve patient handoff quality

Which law provided billions of dollars to cities and states to build wastewater facilities?

Answers

The answer is Clean Water Act. It is a U.S. federal law that controls the discharge of pollutants into the nation's surface waters. This act was initially known as the Federal Water Pollution Control Act. Also, this act is managed by the U.S. Environmental Protection Agency (EPA), which arranges water quality standards, handles implementation, and helps state and local governments advance their own pollution control plans. The federal government delivered billions of dollars in grants to back the building of sewage treatment facilities around the country. This act also necessitate businesses to apply for federal documents to discharge pollutants into water courses, as well as to decrease the amount of their discharges over time.

Milken and boesky entered into a parking arrangement that was beneficial to both of them. this arrangement involved:

Answers

This arrangement involved Milken parking in the parking spot for half of the week and Boesky parking in the space for the other half of the week. Due to the fact that they aren't parking in the spot full time, they will be saving money, which is mutually beneficial.

In 2003, only 19 percent of high school students took classes that could earn them college credits (advanced placement or international baccalaureate courses). by 2013, that number had increased to _____ percent.

Answers

By the year of 2013 the number of high school students took classes that could earn them college credits in advanced placement or international baccalaureate course has increased to 33 percent, it is only 19 percent in the year 2003 so it had increase by 24 percent but the answer is 33 percent.

Rockefeller's company was busted up in 1911 because it violated the __________.

Answers

Rockefeller's company was busted up in 1911 because it violated the Sherman AntiTrust Act. 
The Sherman act (1890) is the first Federal act that outlawed monopolistic business practices. It prohibited any contract, trust, or conspiracy in restraint of interstate or foreign trade.

Jonathan pays $1.90 per pound for potatoes. he buys 8.3 pounds of potatoes. he determines that he will pay $15.77, before tax, for the potatoes. which best describes the reasonableness of jonathan's solution? jonathan's answer is reasonable because there are two decimal places in the factors and two in the product. jonathan's answer is unreasonable because there are three decimal places in the factors and two in the product. jonathan's answer is reasonable because is 16, and 16 is close to 15.77. jonathan's answer is unreasonable because is 8, and 8 is not very close to 15.77.

Answers

Jonathan’s answer is reasonable because is 16, and 16 is close to 15.77.

Answer:

jonathan’s answer is 16, and 16 is close to 15.77.

Explanation:

Managers often base their hiring decisions on gut feelings. these feelings are typically formed within two minutes of meeting a job applicant and have little to do with the applicant's ability to do the job. these hiring managers are using theadministrative model of decision making

Answers

The statement is "True".

The administrative model of decision making expect that decision makers' objectivity is limited and that they're willing to consider just a predetermined number of criteria and options before deciding. As a result, they settle with the first 'adequate' arrangement that they find.

How does income inequality affect American taxpayers

Answers

If the tax system in the US is progressive, then those with lower income will pay proportionally less than those with higher income as the latter will have a higher tax rate but in fact the rich people usually have or find a lot of tax loopholes to reduce their taxes so may still not be paying a fair share of their taxes compared to the poor people who don't have these loopholes.

_______ is the stage of the product design process that turns the idea on paper into a prototype.

Answers

Development is the stage of the product design process that turns the idea on paper into a prototype.
There are many stages in the process and development is the fifth stage of the process in which the firm decided to actually turn the idea on paper into a prototype.

"The correct term for the stage of the product design process that turns the idea on paper into a prototype is  Prototyping.

In the product design process, the prototyping stage is crucial as it involves creating a tangible model of the product based on the conceptual design. This prototype serves as a physical representation of the product and allows designers and stakeholders to explore, test, and refine the design before moving on to mass production. During prototyping, various aspects of the product, such as form, function, and user interaction, are evaluated and iterated upon to ensure that the final product meets the intended requirements and user needs."

A(n) ____ typically takes over the staff of a small business and writes the paychecks, pays the taxes, prepares and implements hr policies, and keeps all the required records for a fee.
a. third-party employer
b. employment agency
c. professional employer organization
d. payroll vendor

Answers

(c) PROFESSIONAL EMPLOYER ORGANIZATION

A Professional Employer Organization (PEO) typically takes over the staffs of a small business and writes the paychecks, pays the taxes, prepares and implements HR policies and keeps all the required records for a fee. It is a firm that works with an organization where the organization outsources the employee management tasks. A PEO keeps all the records of the employees working in an organization.

The correct answer is c. professional employer organization, which manages various HR functions for a small business for a fee.

A professional employer organization (PEO) typically takes over the staff of a small business and performs various HR-related duties, including writing paychecks, paying taxes, preparing and implementing hr policies, and keeping all the required records for a fee. So, the correct answer to this question is c. professional employer organization. Unlike employment agencies that match job seekers with employers, or payroll vendors that may handle only the financial aspects of employee compensation, a PEO provides a comprehensive outsourcing solution that can effectively become the employer of record for tax purposes, thus entering into a co-employment arrangement with the business.

Other Questions
Which set of fractions is ordered from greatest to least? 11/12, 7/10, 5/6 Which sport provides the most points when a player scores? 1. Football 2. Soccer 3. Basketball 4. Hockey Horticulture is how both the natural and artificial physical features of a place are arranged. True False What was the name of the contested fur-rich farmland where the French would trade manufacturerd goods to the American Indian for fur? Which distinguishes vertebrates from invertebrates?A) Invertebrates live in the ocean.B) Invertebrates develop into fossils.C) Vertebrates are predators.D) Vertebrates have a central nervous system. What type of routing protocol enables routers to communicate beyond neighboring routers, allowing each router to create a map of an entire network?? For sets a={1,2,3} and b={a,b,c,d}, find the number of functions from a to b, If a splice site sequence was mutated so that splicing did not take place, what would the effect be on the mrna a choir needs new robes for each of its 46 singers. Each robe costs $32.00. What will be total cost for all 46 robes? A ball is rolling at 4.80m/s over level ground when it encounters a ramp, which gives it an acceleration of -0.875m/s^2. If the ramp is 0.750m long, what is the final velocity of the ball when it reaches the top of the ramp? Quinn used compensation to find the product of 37x4. First, she found 40x4=160. Then she adjusted that product by adding 3 groups of 4 to get her final answer of 172. What did she do incorrectly? A food web illustrates a grasshopper eating grass. What is the role of the grasshopper in this food web? Decomposer Producer Secondary consumer Primary consumer Pcr is used to amplify a segment of dna and the enzyme responsible for the replication of dna is You have 120 pieces of fabric to make a blanket. Each piece of fabric is a square with a side length of 6 inches. You use as many squares as possible to make a square blanket. What is the area of the blanket? How many pieces are left over? How many more pieces of fabric would you need to increase the size of the blanket? How many moles of aluminum do 5.61024 aluminum atoms represent? express your answer using two significant figures? The sun is the ultimate source of energy for terrestrial ecosystems. approximately how much of the potential energy available from the sun s rays hitting the earth is used in photosynthesis? 50% 25% 10% 1% What is the value of the expression below? 5+911 Complete the electron configuration for a radium atom (z = 88) in the ground state. What is a benefit of using a WYSIWYG editor?Eliminate the need for proofreading Move text and images around the page before publishing Produce visually appealing images in high definition A zoo has 3 mammals for every 5 reptiles. If the zoo has 72 mammals, how many reptiles does it have? [Type your answer as a number.] Steam Workshop Downloader