Within each of the three larger categories, best practices are categorized by four stages of process improvement.
<h3>What is Process Improvement?</h3>
Process Improvement serves as the proactive task of identifying as well as analyzing existing business processes within an organization.
The four stages of process improvement are;
- Identify the need for change
- identify the need for change.
- Analyzing current process
- Seek commitment and support.
- Look for improvement strategy
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brainly.com/question/11837585
Answer:
<u>Company's total inventory</u> 30,850
Camaras: 10,960
Camcorders: 8,850
DVDs: 11,040
Explanation:
<u>Camaras: </u>
cost: 10,960
net realizable value: 12,060
<u>Camcorders: </u>
cost: 8,850
net realizable value: 9,170
<u>DVDs: </u>
cost: 12,100
net realizable value: 11,040
<u>Company's total inventory</u>
10,960 + 8,850 + 11,040 = 30,850
We must pick between the historic cost or the net realizable value the lower. The reasoning behind this is the conservatism accounting principle to keep the assets valued at minimum.
Charitable donations or giving from a corporate entity is frequently described as genuine altruism. This is because they are giving without expecting something in return.
Answer: D) Output decreases by more than 25 percent
Explanation:
When a firm is said to be experiencing Increasing Returns to Scale, it means that for every additional unit of a factor of production, the firm experiences a higher increase in production than the additional unit. For example, if a Firm's output increases by 1.5 every time they hire an extra worker, the firm is said to be going through Increasing Returns to Scale.
With that same logic, if factors of production were reduced, the company undergoes a reduction in output that is bigger than the reduction in the factor of production.
For this reason, option D is correct in saying that Output decreases by more than 25 percent.
