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madam [21]
3 years ago
9

The purchasing function is one of the most value-enhancing functions in any organization, and therefore, it is not necessary to

periodically monitor the purchasing function’s performance against a set of standards or industry benchmarksa. Trueb. False
Business
1 answer:
vladimir2022 [97]3 years ago
4 0

It is not necessary to periodically monitor the purchasing function’s performance against a set of standards or industry benchmarks is False statement.

Explanation:

Monitoring purchasing is important for successful management and continuous improvement of the purchasing method. Purchasing assessment provides the buying team with valuable input as well as top management to determine the efficacy of the buying methods and decision-making processes of a company.

An organization's overall success is significantly influenced by how well the purchasing role will relate to the objectives and priorities of the company. An obvious efficiency indicator of any procurement department's progress is the amount of money the firm saves.

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Identify the landlord’s responsibilities and the renter’s responsibilities in a home rental agreement. working appliances basic
stiks02 [169]

Answer:

landlord´s responsibilities:

  • working appliances: repair or replace broken appliances, unless tenant is responsible because they didn't use them properly
  • removal of bedbugs: the owner must provide warranty of habitability, so any type of bedbugs, or other insect or animal infestation should be eliminated.  
  • fixing locks and windows: repair or replace broken locks or windows, unless tenant is responsible because they didn't use them properly

tenant's responsibilities: (besides paying the rent)

  • working appliances: the tenant must operate appliances in a reasonable manner
  • basic housecleaning: the tenant is responsible for keeping the house clean and removing garbage
  • fixing locks and windows: the tenant must use them in a reasonable manner

8 0
3 years ago
Read 2 more answers
Tactical decisions are concerned with a. the domain of operations managers, who are close to the customer. b. the day-to-day act
deff fn [24]

Answer:

How the organization should achieve the goals and objectives set by its strategy.

Explanation:

Tactical Decision: Short term decision making, it is done to support the strategy of the company.

There are controllable elements in the strategy like production such as, company sets a strategy of producing more goods than other firms. Then through <em>Tactical Decision Making </em>this goal would be achieved.

4 0
4 years ago
Read 2 more answers
Trends Inc. is an apparel company. To keep up with the latest changes in the fashion industry, the company has to come up with i
AlekseyPX

Answer:

Dominant culture

Explanation:

A dominant culture is a culture that is dominant and practiced within a certain organization, ethnicity, etc. This dominant culture could be a language, a certain value or custom.

In the above question, aggressiveness, innovation and risk taking are dominant cultures in Trends Inc. This means that the above 3 values are very dominant feature in the manner of operation and running of the trends Inc.

This means that in Trends Inc, each and every employee of the firm has the above dominant cultures inculcated in them as it is a prerequisite and it shows the firm's values.

Cheers

7 0
4 years ago
Read 2 more answers
A market:
klemol [59]

A market is

e. all of the above

Explanation:

A market has the following characteristics,

  • It is often a physical place facilitates to market
  • exchanges between buyers and sellers typically
  • involves monetary transactions
  • might not have well-defined geographical limits
  • the value, cost and price of items traded are as per supply and demand in a market.
  • Physical market is a place where buyers can directly meet the sellers physically and purchase their desired merchandise from them in exchange of money.
  • A market is a place where people can go to buy or sell things.

7 0
3 years ago
A firm has an outstanding issue of 1,000 shares of preferred stock with a $100 par value and an 8 percent annual dividend. The f
katen-ka-za [31]

Answer:

“Hence, the amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year = $24,000”

Explanation:

The Paid-up value of Preferred Shares = $100,000 [1,000 Shares x $100]

The Amount of Preferred Dividend per year = $8,000 [$100,000 x 8%]

The amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year

= Cumulative Preferred Dividends payable for the 2 years + Current Year Dividend

= [$8,000 x 2 Years] + $8,000

= $16,000 + 8,000

= $24,000

“Hence, the amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year = $24,000”

6 0
3 years ago
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