Answer:
C. Order placement costs would increase
Explanation:
Order placement costs are those incurred when ordering a product: for example, the wages of the employees who place the orders, the shipping costs, the cost of tariffs and duties in case the products are imported from abroad, and any other specific costs associated with the process of getting the product from the source to the firm.
If a company chooses not to hold inventory, order placement costs will increase in the moment that they get an order for the good which is not in stock, simply because the good will have to be ordered.
Answer:
C. payments that must be received by resource owners to insure the resources' continued supply.
Explanation:
Economic cost: It is the cost that include all losses incurred for producing one type of product instead of other product or taking only one course of action at a time. While computing economic cost, it include opportunity cost as well, in terms of money, time, and resources unlike accounting cost, which only include cost in terms of money.
Answer:
E. All of the above
Explanation:
As the crisis when happens will effect the company as a whole. It basically destroys the entire working of the company.
Accordingly when developing a plan for the crisis the manager at top level shall be considering the entire organisation and even the basic steps to be implemented.
Thus, the case here shall include:
Developing a team which shall be called in case of any crisis and that the team shall have a pre-planned set of instructions.
Building and communicating such things to the stakeholders, so that they are also mentally prepared and helps the company succeed in such planning.
A person shall be announced as the leader or to whom such transactions shall be communicated first.
The communication shall be ensured to be effective in the entire organisation.
The phrase “the price of greatness is responsibility” means
that, if you are given or rewarded with great or high powers, you must be a
responsible person in using that certain power. You are given the
responsibility to use it for the well-being of yourself and for the others as
well.
