<span>adam was referring to his company's: Organizational culture
Company's organizational culture is a shared of value and principles that shared by all members of the companies.
This value and principles will influence every aspect of company's operation and how they deal with the problems that they face.</span>
<span>The principle purpose of a voucher system is to provide assurance that all cash payments are approved before a check is issued.
A voucher system is a way of internally controlling that helps prevent fraudulent withdrawals from a company by employees or people outside the organization.
A voucher system organizes procedures to verify and approve cash disbursements, which is important because cash is vulnerable to theft. The voucher system helps guard a company's cash.</span>
Answer:
B) greater than $30 but less than $40
Explanation:
the options are missing:
A) less than or equal to $30
B) greater than $30 but less than $40
C) greater than $40 but less than $50
D) greater than $50
we must first calculate safety stock = (Z-score x √lead time x standard deviation of demand) + (Z-score x standard deviation of lead time x average demand)
- Z-score for 98% confidence level = 2.326
- standard deviation of demand = 30
- √lead time = √5 = 2.23607
- we are not given any standard deviation of lead time, so we can assume that it is 0
safety stock = (2.326 x √2.23607 x 30) + (2.326 x 0 x 300) = 156.03 ≈ 156 units
the annual holding cost of 156 units = 156 x $0.25 = $39
Answer:
The correct answer is letter "B": The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.
Explanation:
In his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776), British economist Adam Smith (1723-1790) introduced the term "invisible hand" to refer that economic factors (buyers and sellers) naturally influence in the fluctuations of supply and demand without the need for the intervention of the government.
According to Smith, buyers and sellers interactions act as an "invisible hand" arranging proper levels of competition between businesses and promoting the best interest of societies.
