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sashaice [31]
3 years ago
14

Offshore Oil Exploration Partners (OOEP) has entered into a cooperative strategy with Malay Petroleum. The resulting documents a

re long, formal, and detailed. They specify detailed responsibilities of each partner and include methods of monitoring accounting and technical procedures. OOEP and Malay Petroleum are using the ________ management approach.
a. cost minimization
b. trust but verify
c. opportunity maximization
d. pragmatic realism
Business
1 answer:
Paul [167]3 years ago
6 0

OOEP and Malay Petroleum are using the cost minimization management approach.

Explanation:

Cost minimization is a technique used in pharmaco economics to evaluate care prices, whether the therapeutic efficacy of different therapies is demonstrably comparable.

The investigator undertaking the research needs to appeal to the medical equivalence and should have done so before prices are that.

Costs management is a primary concept used by manufacturers to evaluate the lowest cost production ratio of labor and capital.

In other words, what will be the most efficient way of providing goods and services although maintaining the optimal quality level.

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Of the​ following, which most closely describes the method by which companies engage and create benefits for their​ customers?
Free_Kalibri [48]

Answer:

D. Customer relationship management

Explanation:

Customer relationship management is the approach that companies use to interact with its customers and this approach analyze customer interactions to improve its relationships with them and create benefits for their customers,  As this leads to increased sales and profits.

5 0
3 years ago
Activities that aren’t on a critical path may add value, but they don’t actually have to be performed in order to complete the p
scoundrel [369]

Answer:

A project is a one-time or infrequently occurring set of activities that creates outputs within prespecified time and cost schedules,  

project management

while project management is the combination of planning, directing, and controlling resources (people, equipment, information, material) in a project to meet technical objectives within budget and schedule constraints.

its true

Explanation:

4 0
3 years ago
A combination of news covered by the media that boosts sales without having to pay is best described by the term ________.
Mashcka [7]
<span>A combination of news covered by the media that boosts sales without having to pay is best described by the term public relations.
Public relation is a key correspondence process that constructs mutually beneficial connections amongst associations and their public.We can also define Public relations as the act of overseeing correspondence between an association and its public.</span>
3 0
3 years ago
Teams at Systech Corp. come from many different countries, with skills ranging from creativity to communication to search engine
motikmotik

Answer:

Diversity

Explanation:

Team diversity means a team composed people who can be distinguished on  factors like gender, age, demography, culture, range of skill set , nationality, religious and social background. Diversity is promoted in team to promote innovation, efficiency and improved performance as each member complements other with his/her unique attribute.

Since, as Systech corp, team is composed of people with different nationality and diverse skill,  it can be rightly said that such team is example of team diversity based on above mentioned definition of team diversity.

8 0
3 years ago
Research suggests that people just care about getting a paycheck out of their jobs.
quester [9]

Answer (1)

<em>False</em>

Explanation:

Getting a paycheck is not what most people want out of their job, <em>studies have shown that some people, contrary to the general believe actually look for other things asides paycheck from their jobs.</em> Some of these factors that encourages people into finding fulfillment in their jobs includes permanent flexibility of the working time, commitment into to health and well being of the staffs by the employer of these people, etc. <em>This factors creates a sense of purpose in the workers, encouraging them to put their body and soul into the job without thinking too much about the paycheck.</em>

Answer (2)

<em>True</em>

Explanation:

<em>Different people have different reasons for working</em>, although some just work for the paycheck, others are driven by a sense of purpose among other things. To some people, the work setting provides a sort of belonging and gives them the impression of working in a team, which is what most people actually want.

Answer (3)

<em>2. Belongingness</em>

<em></em>

Explanation:

As stated, some workers just want the setting that provides a sense of belonging and security within a team. <em>This type of workers are not too concerned with the paycheck increase that comes with a promotion if it takes them away from their perceived team.</em>

8 0
3 years ago
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