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EastWind [94]
1 year ago
12

in which sourcing category would an item typically be classified, if it is considered to be low value, low risk, and there are l

ots of potential suppliers?
Business
1 answer:
alisha [4.7K]1 year ago
4 0

If an item is considered to be low value, low risk, and has a large number of potential suppliers, it is typically classified in the leverage sourcing category.

<h3><u>What does a category of leverage sourcing mean?</u></h3>

The term "leverage sourcing category" is used in the procurement process to describe goods that have a variety of low-risk sources of supply. In most cases, it is assumed that using leverage will result in high expenditures and possible procurement savings.

<u>What roles do the various categories of leveraged sourcing play?</u>

  • Grouping of the items to be purchased to aid in negotiations
  • Reduce costs by making use of a market that is competitive.
  • It aids in developing automatic supplier interfaces to cut down on process costs.

Learn more about the leverage sourcing category with the help of the given link:

brainly.com/question/4270172

#SPJ4

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A firm in a purely competitive labor market is a wage taker because
zubka84 [21]

Answer:

employees don't accept the wage if the firm goes for lower wages.

Explanation:

A <u>purely competitive labor market</u> means that employees have more bargaining power in the employer-employee relationship. They usually wouldn't settle for the wage initially offered by employers, which is mostly low at the start. They gave the impact to influence the wage, due to the labor market structure (high need for labor, or decreased number of competitive employees). Therefore, the firms in that kind of labor market are wage takers.

6 0
3 years ago
Williams Company purchased a machine costing $28,300 and is depreciating it over a 10-year estimated useful life with a residual
GenaCL600 [577]

Answer:

$3,160

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset .

Given that Williams Company purchased a machine costing $28,300 and is depreciating it over a 10-year estimated useful life with a residual value of $3,300,

Annual depreciation

= ($28,300 - $3,300)/10

= $2,500

At the beginning of the eighth year, a major overhaul on it was completed at a cost of $8,300,

Net book value at the beginning of the eighth year (before overhauling)

= $28,300 - 7($2,500)

= $10,800

Capitalizing the overhaul cost,

Net book value at the beginning of the eighth year (after overhauling)

= $10,800 + $8,300

= $19,100

Given that the total estimated useful life was changed to 12 years with the residual value unchanged,

Depreciation for the eighth year

= ($19,100 - $3,300)/5

= $15,800/5

= $3,160

7 0
3 years ago
The person who receives financial protection from a life insurance plan is called
kirza4 [7]
The answer to this question is A. Beneficiary
Payer is the person who buy the insurance (not necessarily for themselves only, can be given to their family or friends). Insured can not only be a person, but it also can be an object (such as cars). And the giver is the company who provide the insurance service for the payer.
7 0
3 years ago
Read 2 more answers
A store offers packing and mailing services to customers. The cost of shipping a box is a combination of a flat packing fee of $
strojnjashka [21]

Answer:

equation will be 2x+5

Explanation:

We have given the cost of shipping box = $5

Flat packing fee = $5

As given, the cost of shipping a box is based on its weight in pounds so it is variable

And a flat rate of $5 for packing. This means $5 is common for each parcel that will be sent. Only the weight will vary.

So the equation will be 2x+5

4 0
3 years ago
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As the president of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
NISA [10]

Answer:

B. Information Management

Explanation:

According to Wikipedia, Information management is the collection and management of information from one or more sources and the distribution of that information to one or more audiences.

It is involves collecting, storing and managing information gotten in all its forms. Of course, there are various forms of information, whether physical or electronical or otherwise.

Kristen's Job in the company involves organizing resources info (collecting), regulating how they are used and making sure they are the necessary information needed by the company's workers which is all part of the information management process.

4 0
3 years ago
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