Answer:
Operations management
Explanation:
Operations management is the term which is defined as the administration of the practices of the business in order to create the highest level of the efficiency which is possible within the business.
It is related to the converting of the raw materials and labor into the services and the goods for the business.
Therefore, the operations management is the one which dealt with the set of the activities which relate to the creation of the goods and the services by the transformation of the inputs to output.
Answer and Explanation:
The journal entry is shown below;
Cash $656,600
Factoring charges (2% of $670,000) $13,400
To Trade Receivables $670,000
(Being recording these receivables)
Here cash and factory charges is debited as it increased the assets and expense while the trade receivable is credited as decreased the assets
Answer: Merit based plan
Explanation: In a merit based plan, the employer raises the pay of his or her employees on the basis a set criteria. Under this plan, employer takes into consideration the performance of employees in a specified period and take appropriate decision accordingly regarding pay raise.
In the given case, Daichi is providing their employees raise on the basis of their performances.
Hence we can conclude that Daichi is using merit based plan.
