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Svetach [21]
3 years ago
10

Scott is in charge of production at Fasteners Unlimited Inc. His job responsibilities include eliminating defects in the equipme

nt parts the factory produces. However, he has advised his crew to alert him only when defects exceed 200 per million, which he considers a serious deviation from standards. In this case, Scott is using __________.a. a management audit.b. the principle of deviation.c. clan control.d. the principle of exception.
Business
1 answer:
Mrac [35]3 years ago
5 0

Answer:

The principle of exception

Explanation:

Principle of exception is also known as Management by Exception. Management by exception (MBE) is a practice where only significant deviation from a planned target are brought to the attention of management. The idea behind it is that management's attention will be focused only on those areas in need of action and thus sparing the management to concentrate on critical activities free from routine activities. When nothing is brought to the notice of management, it is assumed that everything is moving as per plan.

Principle of Exception thus gives employees the responsibility to take decisions and to fulfil their work or projects by themselves. They are encouraged to take decisions and asked to bring up matter to superiors if an unusual situation or deviation in the recorded data appears, which could cause difficulties for the business and can’t be managed by the employee themselves.

Scott is also following this approach. He has given responsibility of managing the production and control defects within tolerable limits to the employees themselves. They are asked to report abnormal matters to Scott which in this case means defect exceeding 200 million.

Therefore, correct answer would be “The principle of exception “

IN THIS CASE, SCOTT IS USING THE PRINCIPLE OF EXCEPTION

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swat32
Definitely 3 and I believe number 1 as well. I know for sure that 2, 4 nor 5 are not examples of employee benefits.
8 0
3 years ago
A sole trader takes out a loan of £5,000 from the bank. Which element(s) of the accounting equation will change due to this tran
scoundrel [369]

Answer:

A Assets and liabilities

Explanation:

Since the sole trader takes the loan of £5,000 from the bank that means the cash is increased because the receipts is received  and the loan is also increased as the liability is created

So as per the given situation, both the assets and the liabilities are increased

Therefore the option a is correct and the same should be relevant

4 0
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LO 1.2Who are the primary users of the information gathered by managerial accountants?
Oduvanchick [21]

Answer:

managers of the organization

Explanation:

Management Accounting - The main purpose of accounting is to provide a database for business leaders to make the right decisions. Management accounting performs the same function as an area of ​​accounting. Simply the information that the management accounting reveals is intended for internal users of the enterprise, and some literature has described it as "good" data.

Internal users use management accounting data to develop strategies, plan work, make decisions, and optimize resource use.

The main differences between the Financial Accounting (FA) and the Management Accounting (MA) are the dual registration system in the FA. The FA should comply with the legislation and the monetary measure. MA has no legal requirement, and natural, labor and so on. Dimensions can be used. One of the most important differences is that the FA reflects on what has happened, and MA prepares predictive reports on what has happened and about future events.Thus, MA calculations help in making decisions on internal procedures, budgeting and other projected reports.

4 0
3 years ago
Many companies are replacing their annual inventory counts with daily cycle counts of smaller segments of inventory in order to_
andriy [413]

Answer:

a. reduce errors and catch any problems earlier

Explanation:

Daily inventory cycle counts allow companies to immediately identify variances in inventory and their causes. The organization can then put measures to address the problem. Detecting problems early and employing corrective measures prevent a business from incurring heavy losses as opposed to waiting until the end of a period for a stock take.

Organizations are opting for daily stock stocks for more accurate reporting, customer-friendly stock management, and early detection of inventory problems.

3 0
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Discuss 5 Ghanaian companies and their business portfolios
Akimi4 [234]

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  • Currently under Anheuser-Busch InBev (ABInBev)

<u>Agricultural Development Bank </u><u>of </u><u>Ghana</u>

  • Founded in 1965 and is owned entirely by the government
  • Offers loans and agricultural credit to boost agriculture
  • Also offers corporate, international, and commercial banking

Clydestone Ghana

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Produce Buying Company

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Suretrack Contracts Services

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<em>Find out more at brainly.com/question/25130784. </em>

5 0
3 years ago
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