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Daniel [21]
4 years ago
13

Is there a trade-off between standardization and innovation? how are the two related in most companies?

Business
1 answer:
Dmitry_Shevchenko [17]4 years ago
5 0
Standardization and innovation play critical roles in the development of goods and services. Standardization allows for a stabilized starting point in which to move forward and develop other goods and services which is related to innovation. Standardization provides stability, a known factor which can be relied upon, whereas innovation is riskier and may not come to be successful endeavor. However, like all risk, that is the payoff for the investment in innovation, for if the innovative good or service can be successfully brought to market, the dividends for a payout can be well worth it.
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A client has a bone marrow aspiration performed. After the procedure, what is the first nursing action?
Ede4ka [16]

Answer:

apply pressure over the aspiration site

Explanation:

Bone marrow aspiration is a difficult and delegate procedure which is performed inside bigger bones which generate red blood cells, white blood cells and platelets. After bone marrow aspiration, the first nursing action must be to apply pressure over the aspiration site to help circulate the blood. A small bandage area is the aspiration site where the needle went to operate the affected area.

4 0
3 years ago
Suppose your expenses for this term are as​ follows: tuition:​ $28,000, room and​ board: $9,000, books and other educational​ su
astraxan [27]

Answer: Option C is correct

Explanation:

Opportunity cost or loss is the contribution lost due to the leaving one opportunity to exploit the other one. So in this case, the opportunity that I am going to exploit is going to college this term. So according to relevant costing the relevant cost is:

(a) Cash flow in nature.

(b) Future contract binding (future related)

(c) Incremental cost or differential cost

To find whether the cost is incremental cost or not we can find through the following method.

Step 1: Find the cash flow that is arising due to the decision?

Step 2: Find the cash flow arising if we don't take the decision?

Step 3: The difference of step 1 and 2 is differential or incremental cost.

All the inflows and outflows are cash flow in nature and future related. The only thing we have to find is that whether or not the cost is incremental or not.

For this Term:

                                                    Step 1              Step 2             Step 3

                                             Take Decision    If we Don't     Incremental

Salary loss (42-16)                    (26,000)                -                   (26,000)

Tuition cost                               (28,000)                -                   (28,000)

Room and Board                       (9,000)                 -                    (9,000)

Books and Edc. Supplies          (2,500)                 -                    <u>(2,500)</u>

TOTAL COSTS                                                                            <u>(65,500)</u>

<u></u>

<u>Kindly also review the following question for you better understanding</u>

brainly.com/question/14423321

8 0
4 years ago
1. Write any two characteristics of a company.​
Softa [21]

Answer:

be honest with stuffs

pay enough attention to every thing and everyone

7 0
4 years ago
If the consumer price index (cpi) in year 1 was 200 and the cpi in year 2 was 215, the rate of inflation was
skad [1K]
The answer is 7.5 percent
6 0
3 years ago
Darke Corporation makes one product and has provided the following information: Budgeted unit sales for October, November, and D
algol13

Answer:

The estimated finished goods inventory balance at the end of November is closest to: $383,800.

Explanation:

<em>First calculate the units of ending finished goods inventory for November </em>

units of ending finished goods inventory = 10,100 × 40%

                                                                    = 4,040 units

<em>The determine the unit standard cost</em>

Raw materials ( 5 × $1.00)                                          =   $5.00

Direct labor (3.0 × $19.00)                                          = $57.00

Manufacturing overhead : Variable (3.0 ×$11.00)     = $33.00

Unit Standard Cost                                                     = $95.00

<em>Finished goods inventory balance</em>

Finished goods inventory balance = units of ending finished goods inventory × unit standard cost

                                                          =  4,040 units × $95.00

                                                          =  $383,800

5 0
3 years ago
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