When prioritizing the backlog, taking an economic view mean Realizing the goal of Lean
A lean system represents a company or business unit that comprehensively applies lean principles to the methods of planning, prioritizing, managing, and measuring work. The goal of all lean systems is to maximize customer profits. Lean thinking can significantly improve the productivity and functionality of a team or department, but lean implementation across the organization has the greatest impact on customers.
The lean system uses a lean approach to identify and eliminate waste. They systematically discover and take advantage of opportunities for improvement. These are two of Lean's basic concepts. Eliminate everything that doesn't add value to your customers, work systematically and continuously, and create more value for your customers.
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Based on the discount offered and the cost of advertising, your budget variance is <u>$500 </u>and it is a <u>surplus</u>.
<h3>How much do you spend on advertising?</h3>
You need to advertise for 6 months which means that you will pay for two three-month advertising seasons.
The first season will cost $2,000 because of the discount and the second season will cost $2,500. Total cost is:
= 2,000 + 2,500
= $4,500
<h3>What is the Budget surplus?</h3>
= Budget - Amount spent
= 5,000 - 4,500
= $500
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Answer:C - Planning Stage
Explanation: The System Development Life Cycle is a model of which organisations use when developing a new system.
SDLC has 5 Phases or steps and they include:
- Planning
- Analysis
- Design
- Implementation
- Maintenance
Each stage of SDLC has its importance in the system development.
Planing: At this state, the problem is identified, options of solutions are given and analysed as well as the possible outcomes are considered.
Analysis: At this stage the various options given at the planning stage are analysed and validated
Design: At this stage, the analysed options are designed to give a logical evaluation of the model to be adopted
Implementation: At the state, the design is implemented and tested
Maintenance: At this state, the errors are corrected and validated.
Answer:
intrinsic reward
Explanation:
In the context of business, it can be said that in this scenario Karen is experiencing what is known as an intrinsic reward. This term refers to rewards that come from within the individual, in other words the satisfaction that they are feeling or the way they perceive meaning in the work that they do. Which in this case the intrinsic rewards that Karen is experiencing is the deep satisfaction when doing her job and finding new styles for her store.
Answer: Third-party lawsuit
Explanation:
A third party lawsuit is a form of lawsuit which is brought against another individual or another party in regards to the injuries which are being suffered by the plaintiff.
A third party lawsuit can be filed by the employees who are not a target of sexual harassment but work where it is occurring.