An inventory turnover analysis is useful to the internal auditor because it may detect <u>the existence of obsolete merchandise.</u>
Inventory that has reached the end of its useful life is called as obsolete inventory. It has been a while since this inventory was utilized or sold, and it is not anticipated that it will be in the near future. This kind of inventory must be written off or written down and can result in significant losses for a business.
<h3>What is turnover analysis?</h3>
The dynamics of people leaving or remaining in an organization are evaluated using turnover analysis to:
- The causes of people's departures and stays
- The expense of turnover caused by a lapse in company continuity
- How to reduce the danger of present employees leaving the company through turnover
The projected expense of replacing a paid worker ranges from 6 to 9 months of that worker's salary and includes both the direct expense of hiring a replacement and the indirect expense of lost productivity.
The ability of the company to accomplish its objectives and provide for its consumers may be compromised by high turnover. The customer experience can change noticeably even in response to small increases in turnover.
Employee turnover costs are frequently unforeseen and hence not accounted for.
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Answer:
Structure related to organizations need for efficiency versus its need for learning and innovation is described below in brief detail.
Explanation:
A flat or horizontal composition is the best alternative as it enables all levels of representatives to have a say in the conversations, discussions, and resolving business problems. A horizontal composition gives assurance as well as boosts worker confidence (as they feel wanted). An example will be Goo-gle which has a flat composition giving all workers the efficiency to come up with new inventive approaches and innovative solutions.
Answer:
Maxwell will win this case, as per division 2 of UCC, seller bears the cost for loss under implied warranty of fitness, if the goods do not meet the ordinary purpose or is inefficient.
Explanation:
Given in this case, Maxwell is applying "Universal Commercial Code (UCC)" division 2 provision, which defines all the goods and services.
A movable property, which can be sold from seller to the buyer at certain prices are called goods. Therefore, in this case, "Raw Cream" comes in the definition of goods, as it is directly sold to Maxwell by the grocery shop.
Maxwell will win this case, as per division 2 of UCC, seller bears the cost for loss under implied warranty of fitness, if the goods do not meet the ordinary purpose or is inefficient.
Answer: True
Explanation: By conducting a small project as a proposal, a contractor is actually showing in a small scale that he is both capable, is the right man for the job (external project) and is able to ensure the external project is completed with its goals and objectives accomplished. It is these goals that drive the project, and all the planning and implementation . As such, the project has to be compelling and complete.
True gives the answer to the question.
Answer:
C. Because union wages exceed nonunion wages, employees may be encouraged to work harder.
D. Unions may provide information to companies about how to improve operations and eliminate problems in the work environment.
Explanation:
Workers' unions have been instrumental in ensuring that workers work in the environment that is safe and conducive. Not only that, the unions also ensure that the workers are remunerated fairly for their labor and services. Thus, the wages of the unioned workers are higher because unions bargain for the increase in the worker's wages.
Furthermore, the worker's union work hand in hand to exchange information about the conditions of the workers and how the companies can eliminate the potential problems that result in worker dissatisfaction. In addition, the unions protect workers from exploitation.