Answer:
Data Quality Principle
Explanation:
Collected data is said to be relevant if it is a true representation of real world facts. If it is not then conclusions drawn from it will be incorrect.
Data should be complete, consistent, have integrity, and relevant for a specific use.
For example in marketing, a company uses names and contact information to promote their goods and services. The data needs to be correct and updated for it to be useful. Assume a customer has changed his address and phone number, and these were not updated. It will be difficult for the company to conduct business with him.
<span>That is very true. They are the best people to manage the business since they started it and should know exactly how it needs to be run. If they don't know then their business will more than likely fail for poor management. They may hire other managers but they should always be the decision makers</span>
The correct option is (B); Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.
<h3>What is zero-based budgeting (ZBB)?</h3>
Zero-based budgeting (ZBB) is a budgeting strategy that entails creating a fresh budget from scratch each time, or from "zero," as opposed to beginning with the budget from the prior month and making adjustments as necessary.
Key features of zero-based budgeting are-
- The zero-based budgeting (ZBB) methodology helps companies match their spending to their strategic objectives.
- According to this methodology, firms must create their yearly budget from scratch each year in order to ensure that all of its components are affordable, pertinent, and capable of generating increased savings.
- With zero-based budgeting, each budgeting cycle is started at zero.
- This strategy requires explanation of all expenses, not just new ones.
- The quickest path to achieving your financial objectives is still with a thorough spending strategy.
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The correct question is-
The major feature of zero-based budgeting (ZBB) is that it
A. Takes the previous year’s budgets and adjusts them for inflation.
B. Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.
C. Assumes all activities are legitimate and worthy of receiving budget increases to cover any increased costs.
D. Focuses on planned capital outlays for property, plant, and equipment.
Answer:
there is bigger value and reward in attending college.
Explanation:
Although attending college is expensive, time-consuming, and requires effort, but people decide to attend college because according to the opportunity cost point of view, there is bigger value and reward in attending college.
Opportunity cost in simple terms is the loss of one thing in order to achieve something bigger over a course of a particular action. So attending college might mean loss of time, expensive, and putting effort, the price of it is bigger in the future. Therefore, people decide to attend college.
Rationalization, a strategic initiative as well as methods to first decrease static or restricted-use providers begins to enable sustainable supply baseline optimization, which is termed as Supply base optimization.
<u>Some advantages of an Optimized supply base are provided below</u>:
- Cost efficiency.
- Enhance output.
- Better Collaboration.
- Identify problem areas with ease.
- Prevention of delays.
<u>Some advantages of an Optimized supply base are provided below</u>:
- Lack of Reliability.
- Complicated.
- Co-ordination vacuum between organizations.
- Trained and personalized personnel are required.
- Cost of execution.
<u>A buyer can overcome the disadvantages by the following point</u>:
- Your Emergency Strategy is referred to.
- Creating open communication channels.
- Ensure the level of customer satisfaction.
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