Answer:
The correct answer is letter "C" and "D": Benchmarking shows the solutions others have found for common problems; Benchmarking allows companies to review their internal processes in an unbiased fashion.
Explanation:
Benchmarking is an analysis that companies make of the best performer in their industries. The objective is to compare the techniques and processes to the top entity to find out which practices can be implemented in the firms to improve their efficiency and effectiveness.
<em>For the comparison to be accurate, the firm must make an unbiased study of its current method of operations. Only then, the firm can review which problems it has in common with the top-industry company and how this corporation overcame the issues.</em>
Answer:
A
Explanation:
Employee rewards vary little from person to person and are not much based on individual performance differences.
Financial capital, like money, is simply a tool. once financial capital is converted to economic capital (invested), it produces a resource that is Productive. Firms invest in their companies using financial capital.
Businesses employ capital to purchase additional machinery, structures, or materials, which they then use to produce things or offer services. Cash and investments can also be considered capital assets for a business. Its balance sheet includes a list of these assets.
The money cannot be used by managers to enhance dividends, cut prices, or grant themselves raises. They must put it to use in order to increase profits and assist the company make more gains in the future.
Debt is the first category. Companies obtain funding today, which they later remit with interest. Many business owners initially borrow money from family members or their credit cards. Once they establish a track record, they can apply for bank loans and Small Business Administration funding from the federal government. The company receives funds from investors in the form of equity, which is the second type of capital, in exchange for a future profit share. Specialty capital is the third category. It frequently serves as a means of purchasing time to increase revenue, for example, by postponing invoices.
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Answer: 666.13 units
Explanation:
Given that,
Production Per day (P) = 295
Usage rate of sub-components (D) = 12,700 per year (250 working days)
Holding cost (H) = $2 per item
Ordering costs (S) = $29 per order
= $50.8
![[1-\frac{d}{P}]=[1-\frac{50.8}{295}]](https://tex.z-dn.net/?f=%5B1-%5Cfrac%7Bd%7D%7BP%7D%5D%3D%5B1-%5Cfrac%7B50.8%7D%7B295%7D%5D)
= 1 - 0.1722
= 0.8278
= 0.83
![Economic\ production\ Quantity=\sqrt{\frac{2\times D\times S}{H\times[1-\frac{d}{P}] }}](https://tex.z-dn.net/?f=Economic%5C%20production%5C%E2%80%8B%20Quantity%3D%5Csqrt%7B%5Cfrac%7B2%5Ctimes%20D%5Ctimes%20S%7D%7BH%5Ctimes%5B1-%5Cfrac%7Bd%7D%7BP%7D%5D%20%7D%7D)
= 666.13 units
