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g100num [7]
3 years ago
8

At Westco Company, a mission statement is presented to all new employees promoting the philosophy that all departments depend on

quality performance from one another for the success of the company as a unit. When one unit fails, others will suffer. Which of the following systems approach elements is being promoted in this mission statement?
Business
1 answer:
sineoko [7]3 years ago
7 0

Answer:

The answer is: interdependence systems approach

Explanation:

refers to the idea that an organization as a whole is the result of the combination of smaller combined systems that exist within it. These smaller systems are autonomous form each other but they also depend on the performance of other systems that exist inside the organization. If one system fails, the whole organization will fail.

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Given the characteristics: (1) many buyers and sellers, (2) free entry and exit, (3) perfect information, and (4) heterogeneity
frez [133]

Answer:

1) many buyers and sellers, (2) free entry and exit

Explanation:

A monopolistic competition is when there are many buyers and sellers of heterogeneous goods and services. There are free entry of firms into and out of the industry. Firms set the price for their products. Buyers and sellers do not have perfect information. In the long run, monopolistic competition make zero economic profit.

A pure competition is characterised by many buyers and sellers of homogenous goods and services. Buyers and sellers have perfect information. There are no barriers to entry or exit of firms in the industry. Market price is set by the market forces. Firms make zero economic profit in the long run.

I hope my answer helps you

7 0
3 years ago
All of the following can be used as an allocation base for calculating factory overhead rates except a.direct labor hours b.mach
liq [111]

Answer:

The correct answer is C. Total units produced.

Explanation:

The following five bases are generally used in calculating the application rate of manufacturing overhead:

1. Production units

2. Direct material cost

3. Direct labor cost

4. Hours of direct labor

5. Machine hours

When he mentions the Production Units, he refers to the product or merchandise produced by the company, that is, what is intended for sale, in which this method is used is very simple, since the information on the units produced is readily available. to apply indirect manufacturing costs. It is based on the unit of finished product.

5 0
3 years ago
Read 2 more answers
Economic ordering quantity with safety stock (LO5) Diagnostic Supplies has expected sales of 84,100 units per year, carrying cos
disa [49]

Answer:c. Assume an additional 80 units of inventory will be required as safety stock. What will the new average inventory be? What will the new total carrying cost be?

Explanation:

3 0
2 years ago
Read 2 more answers
Consider the following capital budgeting problem, you invest 100 and expect to receive $50 in each of the next three years. The
Zanzabum

Answer:

What is the initial cost of the project?

the initial cost or initial outlay = $100

how much value is created?

the NPV of the project = -$100 + $50/1.1 + $50/1.1² + $50/1.1³ = $24.34

the NPV basically gives us how much value or wealth is created by the project

and what would you be willing to sell the project for?

selling price = $124.34 (= initial outlay + NPV)

6 0
3 years ago
Is a 401 K considered an individual retirement account?.
Natasha_Volkova [10]

No, 401(k) can not be considered as an individual retirement account.

The 401(k) differs from an individual retirement account ((RA) because A 401(k) is created through an individual's employer. Generally, 401(k)s as well as individual retirement accounts include beneficial tax advantages, But where we see a distinction is that the 401(k)s are designed for employers of labor to offer while individual retirement accounts are for Individuals as IRAS give more investment opportunities and 401(k)s gives a higher annual contribution.

To know more about Individual retirement account visit:

brainly.com/question/2084315

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5 0
1 year ago
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