James backed into a vehicle in the grocery store parking lot and caused $2000 in damages to his own car and $3000 in damages to the other vehicle.
The answer is formal group. A formal group is a cluster or
group of individuals, who decided to work together to achieve and reach a specific
goals. Formal groups are made of individuals committed to fulfill tasks.
According to the given example, this group is created to produce and develop a
new series of skincare products specifically for the individuals over the old
age of sixty (60), the example states that the group is created to develop a
new-line of skincare products, so it is to be considered that the group being
referred to is the formal group, it has indicated that there is a specific goal
that is set for different individuals to come together and fulfill a specific
goal.
Answer: single use plan
Explanation: In simple words,single use plan refers to the plan that is made for achieving a goal that will not repeat in future.
A program plan refers to the plan that an organisation makes with an objective of outlining the activities and events that the employees have to follow for achieving organisational goals.
Hence, from the above we can conclude that a program is a single use plan as it outlines activities for a specific project that needs to be performed.
Answer:
Order size = 23 cars
The number of orders = 23
Explanation:
The economic order quantity (EOQ) is the order size that reduces the balance of holding and ordering cost. It is to be noted that at EOQ, the carrying cost is equal to the holding cost.
The EOQ is computed as shown below;
= √ 2 × Co × D)/Ch
Co = Ordering cost
D = Annual demand
Ch = Carrying cost
EOQ = √ 2 × 500 × 529 / 1,000
EOQ = 23
Number of cars to be ordered per time, I.e optimal order size = 23
Order size = 23 cars
2. The number of times orders should be placed per year would be calculated as;
Number of orders = Annual demand / Order size
Number of orders = 529 / 23
Number of orders = 23
