Answer:
business plan
Explanation:
- A business plan is a written overview of the future of your business, showing you what to do and how to do it.
- When you write a section explaining your business strategy on the back of the envelope, you have written a plan or at least somebody's gem.
- Business plans are inherently strategic.
so correct answer is business plan
Answer:
The correct answer is II. Deciding between Singapore, London or Buffalo as the location for the construction of a new manufacturing facility.
Explanation:
Strategic Planning is a management tool that allows you to establish the task and the path that organizations must travel to achieve the planned goals, taking into account the changes and demands that their environment imposes. In this sense, it is a fundamental tool for decision making within any organization. Thus, Strategic Planning is an exercise in the formulation and establishment of objectives and, especially, in the action plans that will lead to achieving these objectives.
Answer:
Cost of ownership
Explanation:
The cost ownership includes other elements of cost associated with owning a product eg operating cost.
A common example that comes to mind is the ownership of a car, analysing the total cost of ownership would include cost of fueling and maintaining the car as compared to buying a new brand of car.
It takes someone with foresight to see the bigger picture and look at what the product's real value and cost is over time.
Answer:
They Both deal with the Wellbeing of the Human Talent
Explanation:
While the medical profession deals with physical, and psychotherapy treatment of the human being and the Human Resources function deals with the employee welfare at work place such as work conditions, training, harassments at work place, both these professions try to improve the wellbeing of the Human Talent.
Answer:
14,275= actual hours
Explanation:
Giving the following information:
The standard for a particular crane calls for 14 direct labor-hours at $16 per direct labor-hour.
During a recent period, 1,000 cranes were made.
The labor efficiency variance was $4,400 Unfavorable.
To determine the actual hours worked, we need to use the direct labor efficiency variance formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
-4,400= (14*1,000 - actual hours)*16
-4,400= 224,000 - 16actual hours
228,400/16= actual hours
14,275= actual hours
