Answer:
C) situation analysis
Explanation:
Situation Analysis are methods used by managers to evaluate their internal and external environment to understand challenges faced by the business, and opportunities to exploit.
At Squeaky Clean was a situation analysis was done and it was discovered that high turnover of wash attendants was affecting customer confidence in their business (internal environment).
Also a competitor had an additional service, that is frequent cleaner card (external environment).
The management will use this information to better serve their customers, so that they would achieve their goal of increasing its repeat customers by 30% over the next year.
Answer:
Deliberate level of risk management
Explanation:
Risk management can be defined as a process whereby situations or circumstances that can pose or cause risks to a firm or management operations is properly identified.
Risk management also involves taking appropriate measures to prevent such risks from occurring or taking place.
Risk management also involves controlling or mitigating against any for of risks that may occur in the future.
Risk management includes the following steps:
a) Identify the risks
b) Assess the risks
c) Make decisions
d) Place appropriate controls in place
e) Carry out adequate supervision.
Operational Risk Management has 3 levels and they are:
1) Deliberate Risk Management.
2) Time Critical Risk Management.
3) Strategic Risk Management.
In the question above, using the marine corps planning process (mcpp) to produce an operations order (opord) is an example of Deliberate level of risk management.
Deliberate level of risk management can be defined as the risk management level that is carried out or well executed amongst a group of personnels.
It is the level of risk management that is carried out when we are trying to execute or carry out a particular project.
Answer:
$1040.56
Explanation:
A bond is debt instrument issued by a borrower which promises to pay the holder regular interest for the holding period and the terminal value at the end of the period.
According to the discounted cash flow model, the value of an asset is the present value of the future cash flows arising from the assets discounted at the required rate of return.
Present value is the worth today of an amount expected in the future.The process of calculating the present value is called discounting
To calculate the price of this bond, we shall discount the future cash flows using the required return of 8% per annum, which is the same as 4% per six-month
Interest payment per 6 month = (9% × $1000)/2= $45
PV of interest payment = 45 × (1- (1.04)^(-2×5))/0.04)= 364.995
PV of redemption value = 1000 × 1.04^(-2× 5) = <u>675.56</u>
Price of the bond 1<u>040.56</u>
Answer:
Quality control
Explanation:
Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.
Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.
Generally, there are two (2) main methods of achieving the six sigma approach;
1. DMAIC: define, measure, analyze, improve and control.
2. DMADV: define, measure, analyze, design and verify.
Hence, a pre-concert rehearsal is an example of quality control because the participants or team members are made to practice their routines so as to master them and prevent mistakes on the day of the concert. Thus, a pre-concert is aimed at getting the best out of a team in order to deliver a quality performance to the audience.
A multinational enterprise (MNE) is defined as a firm that operates and controls production or distribution facilities in more than one country.
<u>Explanation:</u>
According to Franklin Root MNE is a company that,
- engages in foreign manufacturing or production via its other branches located in several other countries.
- handles direct control over the policies of its own affiliates
- implements various strategies in marketing, manufacturing, staffing and finance that transcend the national boundaries.
In some cases, the ownership of the MNEs are dispersed internationally and these corporations are known as transnational corporations (managed generally from global perspective).
