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anygoal [31]
3 years ago
13

Give three examples of business processes or operations that would benefit significantly from having detailed real-time or near

real-time data and identify the benefits.
Business
1 answer:
LenaWriter [7]3 years ago
6 0

Answer:

Business Processes/Operations that would benefit from having detailed real-time or near real-time data are:

  1. Air Tower/Radar Monitoring Operations
  2. Hualage/Logistics Operations
  3. Forex/Stock Trading Transactions

Explanation:

  1. Lower Risk: Real-time data in operations lowers risk, minimizes room for errors are decisions for course correction are made instantly as the data occur.
  2. Improved Efficiency: to make decisions on the spot based on real data mean to cut down on time spent before decisions are made. Hence, increased efficiency.
  3. Lower costs: Real-time collection and use of data imply automated systems. An Automated system allows for instant decisions without requiring the accumulation of paper trails. In most cases, real-time data also provide uncommon insights into the deep operations of the company.

Cheers!

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Which statement about globalization is true? a. It has led to more quotas on trade around the world. b. It is a purely economic
Lera25 [3.4K]

Answer:

c. It has been fueled by trade, immigration and foreign investment

Explanation:

Globalization refers to integration of domestic economy with respect to the world economy.

Import quotas refers to the duties and taxes imposed on the imported goods.

The concept of Globalization has witnessed drastic rise over the years owing to international trade, removal of pre-existing trade barriers, immigration of personnel and foreign investment which has seen a rapid rise in multi national corporation growth around the world.

Thus, Globalization has been driven by trade, immigration and foreign investment.

4 0
3 years ago
Billings Company has the following costs when producing 100,000 units: Variable costs $600,000 Fixed costs 900,000 An outside su
Delvig [45]

Answer:

Increase in income= $1,215,000

Explanation:

Giving the following information:

Billings Company has the following costs when producing 100,000 units: Variable costs $600,000 Fixed costs 900,000 An outside supplier has offered to make the item at $4.50 a unit. If the decision is made to purchase the item outside, current production facilities could be leased to another company for $165,000.

We don't know if all the fixed costs belong to the current production facilities. We will assume it does.

Current total cost= 600,000 + 900,000= $1,500,000

Buy= 4.5*100,000 - 165,000= 285,000

Increase in income= 1,500,000 - 285,000= $1,215,000

4 0
3 years ago
A comparison of leadership and management suggests that leadership is about creating a vision, while management is about carryin
umka2103 [35]

Answer:

A. True

Explanation:

Vision refers to what gives the organization a sense of purpose and a set of values that unite workers to achieve a common goal.

Leadership can be defined as the creation of vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business in order to improve effectiveness and efficiency.

Management on the other hand, can be defined as the process used to accomplish organizational goals through planning, organizing, leading, and controlling organizational resources. Management functions includes planning, controlling, directing, organizing, etc....

4 0
3 years ago
A pay structure in which more efficient workers earn higher wages, as suggested by frederick w. taylor, is known as a(n) _______
Flura [38]

A pay structure in which more efficient workers earn higher wages, as suggested by Frederick w. Taylor, is known as a<u> Differential Rate</u> system.

<h3>What are wages?</h3>

A wage is a payment made to employees for the time they put in working for their employer. Always depending on a specific period of time, wages are paid. On an hourly basis, typically. This is the origin of the phrase hourly worker. Salary and commissions are some more types of payment.

Pay for lower-level employees is determined by the number of hours worked. To record the number of hours worked each week, this personnel typically use a time sheet or time card. To keep track of hourly employee hours, the majority of modern firms use computerized systems.

To enter their hours worked, employees must log in and out of the system. Then, this personnel are paid either once a week or once every other week, depending on the state. If an hourly worker works more than 40 hours per week, they must be compensated for overtime.

In contrast to salaries, commissions are permissible for workers who are paid wages. Payment for a certain action is known as a commission. The sales sector is where commissions are most frequently encountered. When making sales, salespeople and saleswomen are frequently given a base salary as well as a commission.

Thus, This is a strategy used by businesses to motivate their sales employees to perform better on the sales floor while still paying them a low salary.

For more information on Wages, refer to the given link:

brainly.com/question/13847060

#SPJ4

Complete Question

A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.

A. scale

B. increasing wage

C. differential rate

D. wide wage

E. merited pay

5 0
1 year ago
A testimonial ad for a First Alert carbon monoxide (CO) detector features parents who are discussing the dangers of carbon monox
Dominik [7]

Answer:

Correct answer is (B)

Explanation:

fear appeals

fear appeal in advertising is a message either verbal, sign or symbols that is designed to scare the target audience by describing a serious threat to them

6 0
3 years ago
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