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Ilia_Sergeevich [38]
3 years ago
8

In order to minimize project risks, which step comes after the step of identifying risks?

Business
1 answer:
Katarina [22]3 years ago
4 0

Evaluating risks

Once risks are identified you determine the likelihood and consequence of each risk. You develop an understanding of the nature of the risk and its potential to affect project goals and objectives. This information is also input to your Project Risk Register.

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Crafting a strategy to compete in one or more foreign markets can be considered complex because 34) A) factors that affect indus
Wewaii [24]

Answer:

Options A, B, C, and E.

(Please check the explanation section before you judge or pick your answer)

Explanation:

The options A, B, C, and E are the options that are considered complex if we want to Craft a strategy to compete in one or more foreign markets.

Please take note that if the question asked us to pick which of the options is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets then we would have picked Option D.

As given in the question, that is option D which says; '' buyer tastes and preferences creates challenges in standardizing products and services." Will not be a reason for crafting a strategy to compete in one or more foreign markets is inherently complex.

Countries due to globalization tends to participate in international trades. Competition in the international trade has its advantages as well as its disadvantages or risks.

To trade in the international market, countries must have their individual strategies and Option D above is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets

4 0
3 years ago
Read 2 more answers
Jeanine, the operations manager of an auto dealership, has been redesigning operations. She feels there are many places where th
Pachacha [2.7K]

Answer: If i am the general manager of the organization i will try to make a survey about customer relation in other competitive organization before i can conclude whether it is wise to cut down cost through removing giving out free gifts to customers like the free pop corn, coffee etc. Customers will choose other organizations where they can get the same quality service and other benefits especially in a perfectly competitive market. Rather i will suggest more profit can be made by slightly increasing the cost of services rendered to customers from which the cost of the freebies can be regained.

Explanation:Customer's satisfaction and profit maximization are the two main objectives of a firm. It is only when an organization is able to maintain good customer relationship with their customers that profit can be maximized regardless of how efficient their other services are.

4 0
3 years ago
Read 2 more answers
Are leadership and management the same thing?
Fiesta28 [93]
No I think that in order to be a management you have to be a leader. If your a manager then your leading your employees if your not a leader you can’t properly do the manager job.
8 0
3 years ago
Sue sells authentic Amish quilts on her website. Suppose Sue expects to sell 3 comma 000 quilts during the coming year. Her aver
e-lub [12.9K]

Answer:

(A) 1,200 Margin of Safety_{units}

(B) 330,000 Margin of Safety_{usd}

(C) Margin of Safety 40% of Sales

Explanation:

(A)

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

275 - 150 = <u>125 CM per unit</u>

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

\frac{225,000}{125} = 1,800 = Break\: Even\: Point_{units}

{units \: sold- BEP_{units} = margin \: of \: safety_{units}

3,000 - 1,800 = 1,200 Margin of Safety_{units}

HOW? we Calculate the contribution per unit. Then the BEP in units and with that the margin of safety in units.

(B)

\frac{Contribution Margin}{Sales Revenue} = $Contribution Margin Ratio

125/275 = 0.45454545 = <u>5/11 CM ratio</u>

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

225,000/(5/11) = 495,000 BEP USD

{current \:sales - BEP_{USD} = margin \: of \: safety

825,000-495,000 = 330,000 Margin of Safety_{usd}

HOW? we Calculate the contribution ratio by dividing CM over sales. Then the BEP in dollars and with that the margin of safety in dollars.

<em><u>Important:</u></em> When posible to avoid rounding errors express as fraction iof posible

(C)

\frac{current \:sales - BEP_{USD}}{current \:sales} \times 100 = margin \: of \: safety

\frac{330,000}{825,000} \times 100 = margin \: of \: safety

Margin of Safety 40%

8 0
3 years ago
On April 17, 2021, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs ne
Setler79 [48]

Answer:

$1,464,000

Explanation:

The computation of the depletion expense is shown below:

Purchase price plus additional cost = $5,640,000

Extracted tons during four year period = 940,000 tons

Current year tons extracted = 244,000 tons

So,

Depletion expense = Purchase price plus additional cost ÷ extracted tons during four year period × current year tons extracted

= $5,640,000 ÷ 940,000 tons × 244,000 tons

= $1,464,000

7 0
3 years ago
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