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pantera1 [17]
3 years ago
15

Company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example o

f _____.
Business
1 answer:
hammer [34]3 years ago
3 0

Answer:

the globalization of production.

Explanation:

Since company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example of the globalization of production.

Globalization of production can be defined as the process of sourcing goods and services from other countries (locations) around the world in order to take advantage of labor cost savings and quality of other factors of production such as land and capital.

Additionally, globalization can be defined as a strategic process which involves the integration of various markets across the world to form a large global marketplace.

<em>Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world</em>.

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Modern quality management approaches recognize the importance that quality: Group of answer choices Is planned, built, and inspe
lutik1710 [3]

Answer:

Processes and activities of the performing organization that determine quality policies, objectives and responsibilities so the project will satisfy the needs for which it was undertaken.

Uses policies and procedures to implement, the organization's quality management system and it supports continuous process improvement activities as undertaken on behalf of the performing organization. It works to ensure that the project requirements, including product requirements are met and validated.

Addresses the management of the project and the deliverables of the project. Applies to all projects, regardless of the nature of their deliverables. Quality measures and techniques are specific to the type of deliverables being produced by the project.

For example, software deliverables may use different approaches and measures vs building a nuclear power plant. In either case, failure to meet the quality requirements can have serious, negative consequences for any or all of the project's stakeholders.

Meeting customer requirements by overworking the project team may result in increased profits and increased project risks, employee attrition, errors, or rework

Meeting project schedule objectives by rushing planned quality inspections may result in undetected errors, decreased profits, and increased post-implementation risks

Explanation:

Processes and activities of the performing organization that determine quality policies, objectives and responsibilities so the project will satisfy the needs for which it was undertaken.

Uses policies and procedures to implement, the organization's quality management system and it supports continuous process improvement activities as undertaken on behalf of the performing organization. It works to ensure that the project requirements, including product requirements are met and validated.

Addresses the management of the project and the deliverables of the project. Applies to all projects, regardless of the nature of their deliverables. Quality measures and techniques are specific to the type of deliverables being produced by the project.

For example, software deliverables may use different approaches and measures vs building a nuclear power plant. In either case, failure to meet the quality requirements can have serious, negative consequences for any or all of the project's stakeholders.

Meeting customer requirements by overworking the project team may result in increased profits and increased project risks, employee attrition, errors, or rework

Meeting project schedule objectives by rushing planned quality inspections may result in undetected errors, decreased profits, and increased post-implementation risks

4 0
3 years ago
A one-month European call option on a non-dividend-paying stock is currently selling for $1. The stock price is $47, the strike
REY [17]

Answer:

The price of the put-option on the same stock with the same strike price is $3.75.

Explanation:

To find the price of the put option on an underlying asset given the price on the call option's price for the same underlying asset with the same strike price is given, we apply put-call parity model.

Put call parity model: p = K x e^(-rT) + c - St .

in which: p: put option's price;

               K: underlying asset's strike price;

               r: risk-free rate;

              T: time to maturity denominated in year;

               c= call option's price;

              St = spot price of underlying asset .

So, p = 50 x e^(-0.06 x 1/12) + 1 - 47 = $3.75 .

4 0
3 years ago
What are supertrends that are currently affecting the future of business?
Stels [109]

Available options are:

A. Simple, one-size-fits-all solutions are becoming more popular.

B. Competitive advantage is coming increasingly from knowledge, not information.

C. The overall speed of product releases is decreasing.

D. The way we work is being impacted by offshore suppliers.

Answer:

Option B and D are correct answers.

Explanation:

The reason is that the countries that are gaining on competitive advantages because of increased investment in knowledge and research and development. The companies in the country then apply that knowledge earned by the investment in the research and development and gain competittive advantage over the rival products.

This competitive advantage decides the future of the business because higher are the competitive advantages higher are the growth and profit of the business investments.

The way we are working is going to impact the offshore suppliers in terms of technology, pricing, marketing, sales and after sales services, etc all have implications on the rivals, customers, suppliers and whole of the society. The customer urges the companies to use environmental friendly operations in manufacturing of products, the company urges its suppliers and supplier urges its suppliers and likewise we have a chain of system enforcement. So yes it is true the way we work in a society affects the suppliers in the other society.

8 0
3 years ago
Departmental contribution to overhead is calculated as the amount of sales of the department less: Direct and indirect costs. Pr
GuDViN [60]

Answer:

Direct expenses.

Explanation:

The departmental contribution is determined by deducting the direct expense from the amount of sales  

In mathematically,

The following formula should be used  

Departmental contribution = Department revenues - direct expense

Here The expenses to be - rent, utilities, taxes, insurance, etc

ANd, It is arrive after paying off the direct expenses that related to the overhead.

4 0
3 years ago
Havermill co. establishes a $470 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated recei
sammy [17]

Answer:

The journal entry to record the establishment of the fund on september 1 is:

  1 September                Petty Cash        $ 470 Dr.

                                                  Cash                  $ 470 Cr.

   31st September               Office supplies, $95 Dr.

                                          Merchandise inventory, $ 181 Dr.

                                        Miscellaneous expenses $ 44 Dr.

                                                        Cash                                            $320 Cr.

To reimburse Petty Cash

The journal entry to reimburse and to increase the fund are same .

October 1                   Petty Cash       $ 94

                                            Cash                      $ 94

To increase the Petty Cash by $ 94

3 0
3 years ago
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