The use of effective contracts with penalties could reduce the following forms of supply chain risks:
- Distribution
- Logistic delays or damages
- Supplier failure to deliver
<h3>
What are supply chain risks?</h3>
Supply chain risk management is "the implementation of strategies to manage routine and non-routine risks in the supply chain to reduce vulnerability and ensure continuity based on ongoing risk assessment".
<h3>
What are effective contracts?</h3>
Most contracts only need to contain two elements to be legally effective: the parties must agree (after one party has made an offer and the other has accepted it).
Something of value, such as money, services or goods (or a promise to exchange such goods) must be exchanged for something else of value.
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Full Question
The use of effective contracts with penalties could reduce which form of supply chain risk?
A. Distribution
B. Logistic delays or damages
C. Supplier failure to deliver
D. All of the above Question:
Answer: a.$275,000
Explanation:
Let us assume local production sales of 0 for simplicity of analysis.
At 0 there will be no Variable Costs and no fixed costs because they are dependant on the amount of units produced.
If then Rylan Corporation receives 25,000 units at $16 per unit this will change the Variable costs as it will have to incorporate the new units.
The question however says that normal production continues. This means that Fixed costs do not change. That means fixed costs remain at $0.
That means the only change will be the Variable costs of selling 25,000 units.
At a rate of $11 per unit we then have,
= 11 * 25,000
= $275,000
The costs have increased by $275,000 from 0 which means that $275,000 is the Incremental cost.
Note that Fixed and Variable costs of 0 are improbable and we're only used for simpler analysis. Feel free to try the question with other number of units for your own practice. You will arrive at the same answer regardless.
The phrases that describes money the best would be: Medium of exchange
Before money were made, in order to obtain a product that we don't own, we need to exchange it with another product that we own. This system is commonly known as barter.
With money, we can obtain a product that we don't own without exchanging it with anything. This function is the reason why money is called medium of exchange
Answer:
Allocate sufficient resources and support for the HRX initiative ( B )
Explanation:
Allocating sufficient resources and support for the HRX initiative is a very good step in the right direction as the HR Manger in trying to implement the HRX initiative and also for the long term success of this Initiative as well.
since The main goal of the Head of the Human resources department is to transform the company's production level to a higher level of productivity in a quicker timer frame, dedicating more resources and support to the initiative will help to speed up activities and the company will start producing at a very fast rate. having to increase salary will not help because the workers can only do what they can do they can't go beyond their limit hence there will be health emergencies.
Answer:
$217,000
Explanation:
Begining Purchases Ending
Raw Materials $ 36,000 $ 69,000 $ 24.000
Work in Process $ 23,000 $ 17,000 $ 6.000
Finished Goods $ 37,000 $ 55,000 -$ 18.000
Direct Lab Costs $ 94,000 $ 94,000
Manuf Overhead $ 54,000 $ 54,000
Total
Raw Materials $ 81.000
Work in Process $ 6.000
Finished Goods -$ 18.000
Direct Labor Costs $ 94.000
Manufacturing Overhead $ 54.000
Costo of Goods Manufactured $ 217.000
