Concurrent control takes place while an activity is in progress so problems can be corrected before they get out of hand.
Concurrent control is the method of observing and modifying ongoing operations and procedures. While not always proactive, these controls can stop issues from getting worse. Because it works with the present, concurrent control is frequently referred to as real-time control. Concurrent control can be demonstrated by changing the water's temperature while taking a bath.
Concurrent controls entail spotting and stopping issues as they emerge in an organization. This implies that systems are continuously monitored. Concurrent controls start with standards, against which all employee behavior is evaluated. These frequently include criteria for quality control. This implies that goods and services can be examined as they are created or rendered to guarantee that only the best goods or services are created or rendered. Concurrent controls are significant since they take place instantly.This emphasizes continuous procedures or things that an organization may alter immediately to ensure that the goals can be achieved.
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Answer:
A)
Explanation:
Based on the scenario being described within the question it can be said that the canned soup manufacturer is in the process of conducting a public relations audit. This is the process where company leaders review various opportunities to communicate with it's employees as well as point out any potential threats to the organization's reputation. Which is what the company seems to be doing by handing out these questionnaires.
Answer:
A. The demand of wheat and corn is basically inelastic and so increases in output drastically reduce price and income to the farmers.
Explanation:
Inelastic demand means the change in price does not affect the purchasers' buying power. The difference in price has relatively little effect on the quantity demanded. Since the demand for wheat is inelastic, price and income will reduce irrespective of increasing production. Therefore, harvesting massive production (wheat or corn) does not bring a high income.
Answer:
Of the various business-level strategic alliances, <u>VERTICAL COMPLEMENTARY</u> alliances have the most probability of creating sustainable competitive advantage, and <u>COMPETITION REDUCING</u> have the lowest.
Explanation:
A vertical complementary alliance takes place between a manufacturer and a supplier that come together. This usually happens through a requirements contract where the supplier agrees to only sell its materials, components and parts to the manufacturer and the manufacturer agrees to only purchase the components, materials and parts needed from that specific supplier.
On the other hand, competition reducing alliances are generally horizontal alliances where companies agree to work together in order to reduce uncertainty, instead of focusing on gaining market share.
<u>Answer:</u>
The amount of cash that will be received by Montana is $37000.
<u>Explanation:</u><u> </u>
Minden Mel Montana
Profit sharing ratio 30% 40% 30%
Balances 27000 -12000 43000
Deficiency distrubuted -6000 12000 -6000
Cash received by partners 21000 0 37000
Minden and Montana have to contribute in their
profit sharing ratio (30% and 30%), i.e., equally.
Therefore, the amount of cash that will be received by Montana is $37000.
