Answer:
Contingency plan.
Explanation:
Contingency plan is a plan conducted by an organization to prepare for , react to and recover from events that threaten the security of information and information assets in the organization , and the subsequent restoration to normal modes of business operations.
It prepares the organization for any potential risk , as response to such risk will be fats and timely , and consequently , loss are minimized.
Answer:
Explanation:
Organizational structure could be explained as a connected workflow through which an organization is strategically setup to operate.
Five elements create an organizational structure: job design, departmentation, delegation, span of control and chain of command
Job design : This element allows the definition of individual job role, the demands of each job position, duties, responsibilities and the key performance indicators.
Departmentation : Here, individual job roles which seems similar and have similar requirement are grouped into a certain defined category called department. Deparmentation may be ascribed based on task, job role, task force and so on.
Delegation : This involves process handling and management, each process and logical department has to be headed by a defined individual or group of persons.
Span of control : Definitions control and authority such that delegates know their limits and when to initiate their organizational power.
Chain of command : This is crucial as organizations aee arranged and operated hierarchically, the command line is defined such that it makes reporting easier.
Answer:
40 days in the Inventory Balance
Explanation:
In this question, we need to apply the cash conversion cycle equation to find out the inventory days
We know that,
Cash conversion cycle = Days inventory outstanding + days sale outstanding - days payable outstanding
27 days = Days inventory outstanding + 31 days - 44 days
27 days = Days inventory outstanding - 13 days
So, the Days inventory outstanding = 27 days + 13 days = 40 days
Answer:
a. False
Explanation:
Corporate level strategies are undertaken by the top management formulating strategic business policies with a purpose of achievement of long term goals and objectives.
Such policies affect the organization as a whole. The purpose of corporate level strategies is to maximize profits over a period and ensure success.
Diversification strategy is aimed at adding operations to pre existing line of operations into different category of products and markets and explore new business ventures.
Hence, corporate level strategies are not limited to diversification strategy as the concept of corporate level strategy is much broader.