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Law Incorporation [45]
3 years ago
14

Suppose iris discovers an element of the it strategic plan stating that it will reduce costs by implementing a specific new tech

nology. suppose also that iris knows that technology has not been shown to reduce costs even though it does improve the quality of it services. should iris challenge mike on this issue, or should she leave that subject alone? is she ethi- cally obligated to raise this issue with higher management?
Business
1 answer:
torisob [31]3 years ago
7 0
Strategic plans are usually put in place in order to  increase efficiency and to reduce cost. In the scenario given above, Iris has discovered a loophole in the IT strategic plan, because he is aware that a technology that is meant to reduce cost is not going to do so. Because of this, it is right for Iris to speak up and make that fact known. If he refuses to do this, the goal of the strategic plan to reduce cost will be defeated.
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A doctor wants to estimate the hdl cholesterol of all? 20- to? 29-year-old females. how many subjects are needed to estimate the
Ira Lisetskai [31]

 

Given the following:

Sigma                                 = 17.8

E                                         = 44 points

Confidence interval        = 99% - 2.58

Confidence interval        = 95% - 1.96

In order to get the sample size, use the formula:

For 99% confidence level

n            = [ (z value x s) / E ]2

n            = [ (2.58 x 17.8) / 44]2

n            = 1. 089 or 1 (rounded up)

For 95% confidence level

n            = [ (z value x s) / E ]2

n            = [ (1.96 x 17.8) / 44]2

n            = 0.628 or 1 (rounded up)

As we decrease the confidence level, from 99% to 95%, our confidence interval gets smaller. In additional, to be more confident that our interval actually comprises the population mean we have to increase the size of the interval. To ease that trade off between level of confidence and the precision of our interval is to primarily increase the sample size. 

8 0
3 years ago
Product life cycle is defined as
dezoksy [38]

Answer:

The correct answer is option d.

Explanation:

The product life cycle can be defined as a concept in marketing that describes the stages a product goes through in the marketplace. It is used by management and marketing professionals to decide when to increase advertising, reduce prices, expand to new markets, or redesign packaging.

This concept can be broken down into four stages:

  • Introduction
  • Growth
  • Maturity
  • Decline

8 0
4 years ago
Which is an example of an expense control strategy?
lana66690 [7]

Answer:

d

Explanation:

Unfortunately cutting or reducing production, or reengineering at all.

3 0
4 years ago
Aziz Industries has sales of $100,000 and accounts receivable of $11,500, and it gives its customers 30 days to pay. The industr
AfilCa [17]

Answer:

The effect of this is to add $328.22 to the net income.

Explanation:

The Days Sales Outstanding (DSO) can be calculated using the following formula:

DSO = (Accounts Receivable / Credit Sales) * 365 ................ (1)

This can now be determined using the following 4 steps:

Step 1: Calculation of Aziz Industries' current DSO (DSOa)

Using equation (1), we substitute the relevant values and solve as follows:

DSOa = (11,500 / 100,000) * 365

DSOa = 41.98 Days

Step 2: Calculation of the amount Accounts Receivable needs to be lowered to so that DSO will be 27 days

By this, we have:

y  = the amount that the Accounts Receivable needs to be lowered to = Accounts receivable = ?

Sales = $100,000

DSO =  industry average DSO = 27 days

Substitute the relevant values into equation (1) and solve y, we have:

27 = (y / 100,000) * 365

27 / 365 = y / 100,000

0.073972602739726 = y / 100,000

y = 0.073972602739726 * 100,000

y = $7,397.26

Step 3: Calculation of decrease in Accounts Receivable

Decrease in Accounts Receivable = Aziz Industries' current accounts receivable - y = $11,500 - $7,397.26 = $4,102.74

Step 4: Calculation of addition to net income which is the same as the interest earned

Addition to net income = Decrease in Accounts Receivable * Percentage earned on any cash freed-up by this change = $4,102.74 * 8% = $328.22

Therefore, the effect of this is to add $328.22 to the net income.

8 0
3 years ago
Lucy wants to attach a goal cost to each of her life goals. why might she do this?
hammer [34]
She most likely wanted to do this to keep track of her budgeting.

By counting the cost of each of her goals, she will know exactly how much she has to earn and how much work she has to do in order to fulfill all of her Goals

hope this helps
7 0
3 years ago
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