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Zanzabum
3 years ago
14

The emergency planning process includes the following steps: (1) Form a collaborative planning team; (2) Understand the situatio

n; (3) ________; (4) Develop the plan; (5) Prepare, review, and get approval; and (6) Implement and maintain the plan. Select the missing Step 3 from below:
Business
1 answer:
ddd [48]3 years ago
7 0

Answer:

The correct answer to the following question is Determine the goals and objectives .

Explanation:

The third step in the emergency planning process is of determining the goals and objectives . It s very important that goals and objectives are set , in order to ensure that they will support in accomplishing the plan and other operational priorities. Goals should be clearly defined , so that the desired result can be achieved. Setting the goals indicate the solutions that planners have find to counter the problem . And objectives are the actions that will be required to perform to achieve the defined goals.

You might be interested in
Provide an overview of the implementation process (e.g., the ERP life cycle, business process re-engineering, project management
Morgarella [4.7K]

By implementing an ERP system, companies expect to have a tool that covers all or most of their processes to improve their operation and productivity. Thus, a phase methodology to implement an ERP will help with this purpose as well as the clear and concise definition of vision, objectives and scope of the implementation, monitoring and risk mitigation plans, project socialization, review of the base processes, configuration, parameterization tests, training, etc.

1) Organization - Project Planning

This stage will aim to determine the resources of the project, both technical and human, in the same way the project planning agreements must be defined in terms of work times and schedules. The work team should be defined, with the roles and responsibilities of each role totally clear. It is also recommended at this stage to leave the software installed to guarantee, from the beginning, its correct operation in the company's own environment.

2) Modeling - Business Understanding

The objective of this stage will be to reach a common understanding between the specialist team of the system and the expert team of the company as to what are the current processes of the company and what are their expectations regarding the implementation of the ERP.

3) Parameterization - Configuration and Development

In this stage the tool must be configured under the parameters defined in the previous stage. If necessary, it must also comply with the special developments or configurations that are required. In addition, this stage must be the one indicated to carry out tests of the configuration as well as tests of any development or integration with other systems that have been required.

4) Final Preparation

The objective of this stage will be to cover all the pre-live requirements. This is where the training of end users should be carried out as well as that of the ERP system administrator. Additional at this stage, final system tests, system adjustments and preparation of initial balances for live departure must be met.

5) Start-up or Go Live

Finally, this stage is aimed at the implementation of the new system, its main objective is to leave the testing environment and start working on a definitive Production base. Additional focuses on the support required during the first weeks of work as well as the performance improvement adjustments that may be required. However, it is necessary to know that there is life after implementing an ERP.

6) Project Control

This is an independent stage from the previous phases and the project to implement an ERP should be fulfilled throughout the project. Its objective is to keep control of it with respect to planning compliance, delays, pending, risk analysis and mitigation, and any activity that supports quality control of the implementation.

8 0
3 years ago
A pharmaceutical company purchased a patent for a new drug October 1 for $8,000,000. The remaining legal life of the patent is 1
Vinvika [58]

Answer: $400,000

Explanation:

When calculating the amortization of a patent, we either use the legal life or the useful life depending on which is shorter which in this case is the useful life.

Annual Amortization;

= (Cost - Salvage value) / 5 years

= (8,000,000 - 0) / 5

= $1,600,000

Patent was purchased October 1. October to December is 3 months.

Depreciation for the year is therefore;

= 1,600,000 * 3/12

= $400,000

4 0
3 years ago
What is assignment?
hichkok12 [17]

Answer: The closest option is A. The rights to receive are transferred by the assignor to the assignee.

Explanation: An assignment is a term used in the area of the law of contract and of property and assets. In the legal field, assignment is the process whereby a person or a group ( the assignor) transfers his/her rights or benefits to an asset or property to another person or group (the assignee).

The whole process is documented and sealed by the signature of both parties in the presence of their lawyer.

7 0
3 years ago
Your company is trying to decide which of the two following devices should be selected.
jeyben [28]

Answer:

a) Find the attached jpeg file for the cash flow diagram

b) The company should purchase Device B.

Explanation:

a) Draw cash flow diagram for each option

A project cash flow diagram is a tool that is used to present a visual representation of the cost of a project and cash it is expected to generate over a specified period of time. On the diagram, x-axis represents the year,  and y-axis represents cash out flows and/or inflows.

Note: See the attached jpeg for the cash flow diagram.

b) If interest rate is 7%, which device should your company purchase?

To determine this, we compare the Net Present Value (NPV) of the 2 devices.

Note: See the attached excel file for the calculation of the NPVs of the two devices.

From the attached excel file, we have:

NPV of Device A = $230

NPV of Device B = $262

Decision: Since $262 NPV of Device B is greater than the $230 NPV of Device A, <u>the company should purchase Device B.</u>

7 0
3 years ago
The Mill Flow Company has two divisions. The Cutting Division prepares timber at its sawmills. The Assembly Division prepares th
Sladkaya [172]

Answer:

A. Cutting Assembly

Operating income $ 0 $1,480,000

B. Cutting Assembly

Operating income ($120,000) $1,600,000

C. Yes, the manager does care what price is selected becausethe manager what to know whether it is either cost center or profit center

Cutting Division should be a COST CENTER

Explanation:

a. Calculation to Determine the operating income for each division if the transfer price from Cutting to Assembly is at cost - $11 a cord.

CUTTING ASSEMBLY

Revenue $660,000 $2,500,000

Cost of services:

Incurred $ 660,000 $ 360,000

(60,000*$11=$660,000)

(60,000*$6=$360,000)

Transferred-in $0 $660,000

Total Cost $ 660,000 $1,020,000

($660,000+$0=$660,000)

($360,000+$660,000=$1,020,000)

Operating income $ 0 $1,480,000

($660,000-$660,000=$0)

($2,500,000-$1,020,000=$1,480,000)

Therefore the operating income for each division if the transfer price from Cutting to Assembly is at cost - $11 a cord will be :

Cutting Assembly

Operating income $ 0 $1,480,000

b. Calculation to determine the operating income for each division if the transfer price is $9 per cord.

CUTTING ASSEMBLY

Revenue $540,000 $2,500,000

(60,000*$9=$540,000)

Cost of services:

Incurred $660,000 $360,000

(60,000*$11=$660,000)

(60,000*$6=$360,000)

Transferred-in $0 $540,000

(60,000*$9=$540,000)

Total Cost

$660,000 $900,000

($660,000+$0=$660,000)

($360,000+$540,000=$900,000)

Operating income ($120,000) $1,600,000

($540,000-$660,000=$120,000)

($2,500,000-$900,000=$1,600,000)

Therefore the operating income for each division if the transfer price is $9 per cord will be :

Cutting Assembly

Operating income ($120,000) $1,600,000

c. Yes, Based on the above calculation for both (a) and (b) in a situation where the Cutting Division sold all of its wood internally to the Assembly Division, the manager does care about what price is selected reason been that the manager what to know whether it is either cost center or profit center when carrying out performance evaluation.

Based on the above calculation Under the circumstances the Cutting Division should be a COST CENTER.

6 0
3 years ago
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