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zloy xaker [14]
3 years ago
8

Companies benefit today from interfirm cooperation. One of the ways they cooperate is through networking. Another way is by seek

ing technological knowledge and new processes from exemplary firms sometimes outside their own industries. This is called
Business
2 answers:
Genrish500 [490]3 years ago
8 0

Answer:

Seeking technological knowledge and new processes from exemplary firms sometimes outside their own industries is called <u>Generic Benchmarking</u>

Explanation:

Benchmarking is a word that is synonymous with "standard".  It is a yardstick used to improve performance and processes as well as create new standards.

there are four types of benchmarking. they include

  1. internal benchmarking
  2. competitive benchmarking
  3. functional benchmarking
  4. generic benchmarking

The type that suits the question is generic benchmarking .

Generic benchmarking seeks technical knowledge from unrelated business   and new processes or functions that can be practiced in the same or similar ways regardless of the industry.

Generic Benchmarking will highlight method of comparing the performance and processes of organizations in unrelated industries.

Gnoma [55]3 years ago
4 0

Answer:

Benchmarking.

Explanation:

Benchmarking is the process by which a company compares it's processes with best practices of other companies with an aim of maintaining industry best standards in operating.

The four types of benchmarking are internal, competitive, functional and generic.

So companies by seeking technological knowledge and new processes from exemplary firms sometimes outside their own industries are engaging in benchmarking.

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If you invest $5,000 at the beginning of each month, howmany months will it take for your account to grow to $250,000
mr Goodwill [35]

Answer:

50 Months

Explanation:

If there is no compound interest it would be 50 Months. You would divide 250,000 by 5,000 to get the months.

5 0
2 years ago
Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goa
olasank [31]

Answer:

Information levels

Explanation:

Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goals, and generating financial analysis across departments and the enterprise as a whole. Ben's duties provide value-added to his company and would be categorized as different information levels

Ben has to manage information on what we can say three different level; individual level which is developing individual goals, team or business unit , which according to the question is departmental goals and generating financial analysis across deparments and on a corporate level, which is the enterprise as a whole which will be reviewed by the executive teamand adding value to the company as a whole.

4 0
3 years ago
Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two​ depart
Sunny_sXe [5.5K]

Answer:

Machining:

Allocated MOH= $603

Assembly:

Allocated MOH= $450

Explanation:

Giving the following information:

Machining:

Allocates overhead using machine-hours

Estimated manufacturing​ overhead: ​ $670,000

Estimated machine-hours= 10,000

Assembly:

Allocates overhead using direct labor hours.

Estimated manufacturing​ overhead: ​$450,000

Estimated direct labor hours= 15,000 hours

First, we need to calculate the estimated manufacturing overhead rate for each department:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machining:

Estimated manufacturing overhead rate= 670,000/10,000= $67 per machine hour

Assembly:

Estimated manufacturing overhead rate= 450,000/15,000= $30 per direct labor hour.

Job​ 601:

Machining​ Department: 9 Machine Hours

Assembly​ Department: 15 DL hours

To allocate overhead we use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Machining:

Allocated MOH= 67*9= $603

Assembly:

Allocated MOH= 30*15= $450

5 0
3 years ago
The downward slope of a demand curve illustrates the pattern that as ________ decreases, ________ increases.
Lelechka [254]
Potential energy, kinetic energy
8 0
3 years ago
Listening well is an important skill that falls under what skill category?
olchik [2.2K]

Answer:

a.

Explanation:

3 0
2 years ago
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