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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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When faced with the option of beginning a new venture you should always select the time that results in the:______.
kap26 [50]

When faced with the option of beginning a new venture you should always select the time that results in the highest NPV.

The important thing assumption we ought to make in entrepreneurship is the idea that the handiest way to do matters right is to do them yourself. because of this, we need to take dangers and also need confidence in our talent set so we can produce satisfactory work while at the same time maintaining a tremendous mindset.

Someone who undertakes the chance of starting a new enterprise task is referred to as an entrepreneur. An entrepreneur creates a firm to realize their idea, called entrepreneurship, which aggregates capital and labor on the way to produce goods or services for profit. Entrepreneurship is the willingness and potential to establish, organize and control a business and take economic dangers to make earnings. An Entrepreneur is an innovator who brings in new ideas to create a hit business assignment.

Learn more about Beginning a new venture here:-brainly.com/question/19260136

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3 0
2 years ago
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin
NeX [460]

Answer:

1. Cutting Department = $8.99 per machine hour and Finishing Department = $11.53 per direct labor hour.

2. The  total manufacturing overhead cost assigned to Job 203 is $2,058.46.

3. Yes. Plant wide pre-determined overhead rate does not consider the cost driver in the departments involved.

Explanation:

<em>Predetermined overhead rate = Budgeted Overheads / Budgeted Activity</em>

Cutting Department = $390,000 / 43,400

                                 = $8.99 per machine hour

Finishing Department = $496,000 / 43,000

                                    = $11.53 per direct labor hour

<u>Total manufacturing overhead cost assigned to Job 203.</u>

Direct materials

Cutting Department                             $ 745.00

Finishing Department                          $ 370 .00

Direct labor costs

Cutting Department                              $ 43.00

Finishing Department                          $ 210.00

Variable manufacturing overhead

Cutting Department ($2.00 × 43)         $86.00

Finishing Department ($2.00 × 4)          $8.00

Variable manufacturing overhead

Cutting Department ($3.75 × 3)              $11.25

Finishing Department ($3.75 × 13)        $48.75

Fixed manufacturing overhead

Cutting Department ($8.99 × 43)        $386.57

Finishing Department ($11.53 × 13)       $149.89

Total                                                   $2,058.46

5 0
2 years ago
In the video, Mike Boyle talks about establishing a work environment that motivates employees to do great work. List two or thre
Alex787 [66]

Answer:

Explanation:

the list of specific ways through which Mr. MB can establish the work environment which can motivate the employee in his gym are as follows;

Mr. MB can emphasize on the importance of creating effective work environment that motivate employees to work properly.

Mr. MB can develop strength program for employees.

Mr. MB can also introduce the proper sessions of new training technique and workout program for employees.

Education helps in the employee motivational and job enrichment in an effective way. It helps the employees by giving them opportunity to establish their skills. It also helps in enhancing their knowledge and progress through their position in the company. These knowledge and skills helps the employer gaining effective workforce. Education also provides some effective guideline that the employees or employer should follow.

4 0
2 years ago
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing
pshichka [43]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.

Direct labor per unit= 0.25*14= $3.5

Direct labor equation= 3.5*x

x= units produced

For example:

100 units

Direct labor= 3.5*100= $350

7 0
3 years ago
Draw supply and demand graphs that estimate what will happen to demand, supply, and the equilibrium price of coffee if these eve
kiruha [24]

Answer:

Please find the required diagram in the attached image

Explanation:

Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.

Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :

1. a change in consumers' expectation

2. a change in the taste of consumers

3. a change in income

As a result of the study, there would be an increase in the demand for coffee. This would shift the demand curve to the right. As a result, there would an increase in equilibrium price and quantity

7 0
2 years ago
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