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3 years ago

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Which of the following factors makes it imperative that organizations be fast and flexible?

1 answer:

IgorC [24]3 years ago

7 0

Answer:

Which of the following factors makes it imperative that organizations be fast and flexible?

1. Globalization

Explanation:

Organizations nowadays have to compete in a market where they have to consider a variety of factors in order to stay ahead of the competition. Being ahead of the competition always translates on a wider access to access and thus more sales. The aim of all business organizations is to make profits, staying ahead of the competition is a sure way of making more profits. Factors that organizations need to consider are; globalization, corporate strategy, and workforce diversity.

The main factor of interest to us is globalization as a factor to be considered in organizational success. Globalization is the action by which business and organizations start having more influence in the international scale. Globalization has been of interest ever since the onset of technological advancement like the internet. The internet improved access to information in the international scale by fostering communication and relations between different people and companies around the globe. Organizations could easily look for opportunities in different parts of the globe where their products and services had a potential of being purchased.

Globalization has made it imperative that organizations be fast and flexible. The aspect of competition and customer loyalty makes it imperative for an organization in the global arena to be fast since customers need a more fast and reliable delivery of products and services and they will always pick the most reliable option in terms of time, cost and quality. The global arena is ever-changing too in terms of customer expectation mostly driven by technology. An organization needs to be flexible to the varying global market conditions.

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An examination of Hyong Corporation's inventory accounts revealed the following information:

andreyandreev [35.5K]

Answer:

Production= 45,000 units

Explanation:

Giving the following information:

Raw materials, June 1: 46,000 units

Raw materials, June 30: 51,000 units

Purchases of raw materials during June: 185,000 units

<u>First, we need to calculate the raw material used in production:</u>

<u></u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 46,000 + 185,000 - 51,000

Direct material used= 180,000

<u>Now, the production for the period:</u>

Production= 180,000/4

Production= 45,000 units

3 0

3 years ago

Which of the following is a condition in the general environment that if exploited effectively helps a company reaches strategic

valentina_108 [34]

Answer:

The correct answer to the following question will be "Opportunity".

Explanation:

A market opportunity to sell or contract any commodity, facility, facilities, etc. that will allow the buyer-licensee to set up a business.
The licensor of a marketing opportunity usually announces that he or she will protect or support the purchaser in finding a suitable destination or deliver the commodity to the cardholder-licensee.

Therefore, Opportunity is the right answer.

5 0

3 years ago

Stealth bank has deposits of $300 million. it holds reserves of $20 million and has purchased government bonds worth $300 millio

ryzh [129]

First let us identify if the asset is a gain or loss. An asset is a gain if it contributes to the banks overall finance while it is a loss if it is a cost directly or indirectly.

Deposits of $300 million = Gain (+)

Reserves of $20 million = Gain (+)

<span>Purchased government bonds worth $300 million = Loss (-) ---> This entails cost</span>

Selling bank’s loans at current market value of $600 million = Gain (+)

Therefore adding up everything to get the banks net worth:

Stealth banks net worth = $300 M + $20 M - $300 M + $600 M

<span>Stealth banks net worth = $620 million</span>

7 0

3 years ago

AE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repu

AleksandrR [38]

Answer:

4,700 shares

Explanation:

The computation of the number of shares of common stock outstanding at the end of the period is shown below

= Beginning shares + issued shares - repurchase shares + reissue shares

= 2,000 shares + 3,000 shares - 500 shares + 200 shares

= 4,700 shares

We applied the above equation to find out the number of shares outstanding at the end of the year

6 0

3 years ago

Various financial data for the past two years follow. LAST YEAR THIS YEAR Output: Sales $ 200,000 $ 220,000 Input: Labor 30,000

Gelneren [198K]

Answer and Explanation:

1.Total productivity = output/input

For last year

Output = 200,000

Input = 30000+35000+5000+50000+2000

= 122000 dollars

Output/input = 200000/122000 = 1.64

For current year

Output = 220000

Input = 40000+45000+6000+50000+3000

= 144000

Output/input = 220000/144000

= 1.53

Percentage change = [(1.53-1.64)/11.64} x 100

= -6.70

Partial measure of labor

For last year

Output = 200000

Input = 30000

Output/input = 200000/30000 = 6.67

For current last

Output = 220000

Input = 40000

Output/input = 220000/40000

= 5.50

Percentage change = (5.5-6.67)/6.67*100

= -17.54%

Percentage measure of raw material

For last year

Output = 200000

Input = 35000

Output/input = 200000/35000 = 5.71

For current year

Output = 220000

Input = 45000

Output/input = 220000/45000 = 4.89

Percentage change = (4.88-5.71)/5.71 * 100

= -14.36%

Percentage measure of capital

For last year

Output = 200000

Input = 50000

Output/input = 200000/50000 = 4

Current year

Output = 220000

Input = 50000

Output/input = 220000/50000 = 4.40

Percentage change = (4.40 - 4.00)/4.40 x 100

= 10%

The overall percentage change for total productivity is negative, this tells us that productivity is on a decline. Partial measure of labor and raw material is decreasing but that of capital is increasing

6 0

3 years ago