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Elanso [62]
2 years ago
8

Define numeric records management and list three reasons for storing records by the numerical method.

Business
1 answer:
Kryger [21]2 years ago
7 0

Numeric record management is a numeric storage technique that utilizes the last two or three digits of each number as the primary division where the record is filed. In this system, records are arranged based on numbers. This system is essential in health care data handling and employee records storage.

The first reason for storing records by the numeric technique is that allows for keeping confidential records, especially in organizations. This method identifies specific records while maintaining confidentiality. It can be of great assistance when handling medical data for patients and employee records because it applies the HIPAA rules.

Numeric record management ensures high accuracy where a high volume of files can be retrieved and re-filed frequently. A color code label is applied and it ensures file retrieval and re-shelving faster and with less confusion. The first, middle, and last number changes together with the color code. The color gives a visual clue which boosts the speed and efficiency of the filling process.

Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.

t guides the group's efforts towards achieving specific, predetermined goals. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.

Help Group Achieve Goals - Organize production factors, gather and organize resources, and effectively integrate resources to achieve goals. It directs the group's efforts toward achieving pre-established goals.

Learn more about  management here

brainly.com/question/1276995

#SPJ4

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Problem 13-22 The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply
Alex Ar [27]

Answer:

The answer is 150 gallons

Explanation:

First we will write out the relevant information in the question that will help us with our calculation:

Safety stock = 50 gallons

50 gallons = 9% stockout risk

??? gallons = 3% stockout risk

Next, you have to understand that the relationship between the safety stock and stockout risk is an inverse proportion. This means that the bigger the safetystock amount, the smaller the stockout risk, and vice versa. Therefore, there will be a lesser risk of running out of stock, as the safety stock amount increases.

Let g be the safety stock

Let r be the stockout risk

This relationship is represented as:

g = \frac{k}{r}

where k = a constant relating the safety stock and stockout risk.

Therefore :

g*r=k

g_1r_1=g_2r_2

where:

g₁ = 50 gallons

r₁ = 9%

r₂ = 3%

g₂ = ????

Therefore, making g₂ the subject of the formula:

g_2=\frac{g_1*r_1}{r_2}

g_2 = \frac{50*9}{3} = \frac{450}{3} = 150

Therefore, the saftey stock that would provide a stockout risk of 3% = 150 gallons.

3 0
3 years ago
An example of a risk is _____. <br> taxes <br> insurance<br> an employee injury<br> rent
andre [41]
I believe the answer is: Injury
Risk refers to the danger or negative outcomes that arise when we decided to follow a certain decision.
From the options above, taxes and rent are considered as Obligations rather than a risk.
And insurance is considered as risk management, not the risk itself.
7 0
3 years ago
A $22 credit to sales was posted as a $220 credit by what amount is the sales account in error
Elodia [21]
I think i read the question right. I think they would be out $198
5 0
3 years ago
Read 2 more answers
Travis has agreed to invest $16,000 in a partnership with his sister and brother-in-law. He does not intend to actively work in
german

Answer:

D. Limited partner

Explanation:

Limited partner -

It is one of the owner of a company or organization , where the liability of the firm's debt is not allowed to raise than the other investor of the company .

Limited partner is also known as silent partners .

The limited partner has very restricted voting rights on the business of the company , and even is not involved in the day - to - day activity of the business .

The role of the limited partner is to invests some amount of money for exchange of the shares in a partnership .

Hence , from the information of the question ,

Travis is a Limited partner in the given partnership .

6 0
3 years ago
Initially, suppose Bellissima uses 1 million hours of labor to produce rye and 3 million hours to produce jeans, while Dolorium
vodka [1.7K]

Answer:

Bellisima's opportunity cost:  

Production of rye per million hours of labor = 24 / 12 = 2 pairs of jeans

Production of jeans per million hours of labor = 12 / 24 = 0.5 bushels of rye

Dolorium's opportunity cost:  

Production of rye per million hours of labor = 32 / 8 = 4 pairs of jeans

Production of jeans per million hours of labor = 8 / 32 = 0.25 bushels of rye

Dolorium has a comparative advantage in the production of jeans while Bellisima has a comparative advantage in the production of rye.

If both countries specialize:

Bellisima will produce 48 million bushels of rye.

Dolorium will produce 128 million pairs of jeans.

Total production of rye has increased by 12 million bushels.

Total production of jeans has increased by 24 million pairs.

4 0
2 years ago
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