Option E, Vendor managed inventory belongs to long contract duration, low transaction costs, high specificity
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<u>Explanation:
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A template matrix is a vector of the predictor variables of a set of objects, often known as the model matrix, which is often defined by X. Every row describes a single object, with subsequent columns that suit the variables and their unique values. The template matrix is used in some statistical models,
E. G. the standard linear sequence. It may include predictor variables (one and zero), or it could contain values of constant variables; imply group identity in an ANOVA.
The Vendor Managed Inventory (VMI) is a business strategy in which the purchaser of a product sources a manufacturer of that product with details and the seller accepts responsibility for the management of a negotiated stock of the item, typically in position where the customer absorbs.
A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.
Answer:
d.The same person that prepares the check should also record it in the proper journal.
Explanation:
Internal control is essential so that any frauds shall not take place. Also that the primary condition is that all the work shall be segregated in different stages, to different people so that there is a check on the quality of work done by the each person.
Thus, when a check is to be issued then the same shall be recorded by some different person, so that the person recording can verify is the check amount and party accurate and not fraud.
Answer:
Screening
Explanation:
Screeningprocess used to access innovative product ideas, strategies and marketing trends to determine their consistency with the company's objective. It is used to eliminate unsound ideas and accept sound ones.
Screening can be used to check the compatibility if an idea with a business objective. It involves a process of determining which product aligns with the target audience and the benefits of producing it.
The screening stage is a very important stage in the development of a new product because if a product that doesn't conform with the business objective or the product doesn't have a tendency of being profitable to the organzation passes the screening stage, it means the product will lead to wasted effort and resources in the other stages.
Therefore, a product should be properly screened passing the screening stage.
