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Ludmilka [50]
2 years ago
7

Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly

specialized investments. What are the primary advantages and disadvantages of acquiring inputs through this means? Give an example not used in the textbook that uses this method of procurement.
Business
2 answers:
solmaris [256]2 years ago
6 0

Answer:

the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments is <u>Contracting.</u>

Explanation:

Contracting requires writing an agreement that extends the relationship between a buyer and a seller

The key features of contracting includes

  • specialization
  • reduced opportunism
  • avoidance of skimping on specialized investment
  • expensive in complex environments

The primary advantage of using contracting is specialization and the main disadvantage is high cost.

U.S. Shell Oil Company is the United States which is among the largest oil companies in the world is a good example of a company that uses Contracting method for procuring inputs.

son4ous [18]2 years ago
3 0

Answer:

The optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments is the contract.

Explanation:

The contract is signed between the seller and the buyer, and establishes formal and legal terms, and agreed responsabilities. The primary advantages are that firms and buyers are allowed to focus in producing and getting what they need as contracts are used for tangible goods and for rendered services, reducing the opportunistic behaviour and underinvestment.

The CONASUPO, mexican government office, signed a contract with the mexican ranch owners to get all their milk production at low prices to feed the thousands of low income families.

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Piper owns a vacation cabin in the Tennessee mountains. Without consider-ing the cabin, she has gross income of $65,000. During
ad-work [718]

Answer and Explanation:

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b) only the mortgage interest and property yax will be deducted from AGI. other expenses are non-deductible from AGI because these are treated as personal expenses.

5 0
3 years ago
Which statement describes the most common characteristics of oral narratives
Gennadij [26K]

Answer:

I have 3 statements

Explanation:

The characteristics of oral narrations are as follows.

1) They can be real or imaginary.

2) They are structured in dialogue, monolog and paragraph.

3) It is written in past tense

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6 0
3 years ago
Shades n Hues is a company producing cosmetics. It supplies products to stores and beauty salons and also manages its own retail
Gala2k [10]

By producing their own cosmetics and then selling them, Shades n Hues are engaging in<u> Forward Integration.</u>

<h3 /><h3>What is Forward Integration? </h3>
  • It refers to companies engaging in activities forward in the supply chain.
  • It refers to when producers are also engaged in distributing their products to consumers.

By producing their own products and then either selling to other companies or to the consumer directly, Shades n Hues is engaged in forward integration as they have moved forward in the supply chain.

Find out more on the supply chain at brainly.com/question/25560748.

6 0
2 years ago
Arena, Inc. uses the direct method to prepare its statement merchandise inventory of cash flows. Use the following information r
Svet_ta [14]

Answer:

D. $184,400

Explanation:

Please see attachment

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An alcohol server must complete an abc approved rbs training program and pass an abc administered exam within ____ calendar days
Virty [35]

An alcohol server must complete an ABC-approved rbs training program and pass an ABC-administered exam within 60 calendar days of employment.

<h3>Who is an Alcoholic Server?</h3>

This refers to the person that pours the alcoholic drink to people that come to bars to buy.

Hence, we can see that based on government regulations, an alcoholic server is mandated to take an ABC-approved exam within the period of 60 days after he has been employed.

Read more about alcohol servers here:

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6 0
1 year ago
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