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1 year ago

of inventory can absorb variations in flow rates by acting as a source of supply for a downstream step.

Business

1 answer:

Vanyuwa [196]1 year ago

8 0

Buffer of inventory can absorb variations in flow rates by acting as a source of supply for a downstream step.

<h3>What is a buffer?</h3>

In manufacturing, a buffer is used to account for fluctuations in the production process. Consider a buffer as a means to guarantee that your production line will continue to function normally even if unexpected circumstances arise.

Having enough supplies on hand to ensure smooth operations is one example of a buffer in manufacturing. To help stabilize any fluctuations they encounter with their supply and demand chains, production capabilities, and lead times, manufacturers will often keep inventories of the raw materials and supplies needed for production on hand, as well as occasionally inventories of finished goods awaiting shipment.
Without the proper buffers, manufacturing procedures may sluggish, which would result in more costs and lower profitability.

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Due to limited liability, unlimited lives, and ease of ownership transfer, the majority of U.S. businesses (in terms of number o

Doss [256]

Due to limited liability, unlimited lives, and ease of ownership transfer, the majority of U.S. businesses (in terms of number of businesses) are organized as corporations----False

Explanation:

As in large corporations there is a limited liability up to the amount of shares held by any person. The liabilities are limited and not unlimited.

Also, there is an ease in transfer of ownership as through sale in open market which generally is easily feasible and there are no such difficult processes of following these regulations of transferring ownership.

Also in corporations huge number of people can be involved, as there is no maximum limit of number of owners in corporations.

What type of business has two or more owners and unlimited personal liability?

A general partnership is a business owned jointly by two or more people. Advantages include: more resources and talents come with an increase in partners, and the business can continue even after the death of a partner. Disadvantages include: partnership disputes, unlimited liability, and shared profits.

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5 0

2 years ago

Tariffs create a(n) ___________ pressure on domestic prices.

charle [14.2K]

Answer: A. upward

Explanation:

Tariffs are taxes that a Government imposes on imported goods in a bid to protect local producers that are making the same goods.

When a Tariff is implemented, it will make goods from outside more expensive as well as give domestic producers an opportunity to charge higher prices as imports have become more expensive.

Both of these results will pull the domestic prices up.

6 0

2 years ago

You recently purchased a stock that is expected to earn 23 percent in a booming economy, 12 percent in a normal economy, and los

Phoenix [80]

Answer:

Expected rate of return on this stock= 13.59 %

Explanation:

<em>The expected return on investment is the weighted average of all the return from possible outcomes weighted according to the probability of each outcome. </em>

This principle would be applied as follows:

<em>Outcome Probability(P) Return(R) P× R</em>

Boom 0.24 × 23% = 5.52 %

Normal 0.69 × 12% = 8.28 %

Recess 0.07 × -3% = -0.21 %

Expected Return = 5.52 % + 8.28 %-0.21 % = 13.59 %

Expected rate of return on this stock= 13.59 %

8 0

3 years ago

The following labor standards have been established for a particular product:Standard labor hours per unit of output 4.4 hoursSt

Effectus [21]

Answer:

Direct labor rate variance= $700 unfavorable

Direct labor time (efficiency) variance= $8,080 unfavorable

Explanation:

Giving the following information:

Standard labor hours per unit of output 4.4 hours

Standard labor rate $20.20 per hour

Actual hours worked 7,000 hours

Actual total labor cost $142,100

Actual output of 1,500 units

To calculate the direct labor rate and efficiency variance, we need to use the following formulas:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 142,100/7,000= $20.3

Direct labor rate variance= (20.2 - 20.3)*7,000

Direct labor rate variance= $700 unfavorable

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 1,500*4.4= 6,600

Direct labor time (efficiency) variance= (6,600 - 7,000)*20.2

Direct labor time (efficiency) variance= $8,080 unfavorable

8 0

3 years ago

The top management of Fresh, a food distribution company, has set strategic goals of increasing organizational market share and

Alexeev081 [22]

Answer:

The correct answer is letter "A": tactical goals.

Explanation:

Tactical goals are objectives companies establish as a response to problems that arise unexpectedly during the course of the operations of the businesses. These goals are intended to be accomplished in the short-term or as soon as possible. That is the main difference between tactical goals and strategies since the latter are set to be reached in the long run.

4 0

3 years ago