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Nikitich [7]
3 years ago
9

A petroleum refinery stockpiles crude oil so that it can easily switch between producing home heating oil and gasoline, dependin

g on relative demand. This is an example of _____ planning.
Business
1 answer:
irina1246 [14]3 years ago
6 0

Answer:

Strategic planning is the correct answer

Explanation:

Strategic planning is the plan that is established to analyze the business and to set objectives to reach the goal of the organization.

Strategic planning helps the organization in taking the decision and changing the process when required for the success of the organization.

Steps involved in Strategic planning are

  • To set a goal to clarify the vision of the business.
  • to gather and analyze the information.
  • To formulate and implement the strategy.
  • Evaluate and monitor performance.
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Isamu owns I Pity the Foot, a retail shoe store. Isamu carefully controls costs by ordering in bulk, limiting labor costs, and r
olasank [31]

Since Isamu carefully controls costs by ordering in bulk, limiting labor costs, and renting the additional space in his building to another business, then he is an example of an efficient manager.

An efficient manager refers to a manager that uses limited resources in order to do a particular job in a professional manner.

It should be noted that an efficient manager identifies his or her priorities and develop structures to accomplish the objectives. In this case, Isamu carefully manages the available resources, therefore, he's an <em>efficient manager</em>.

Read related link on:

brainly.com/question/25383149

4 0
3 years ago
During 2016, Rao Co. introduced a new line of machines that carry a three-year warranty against manufacturer's defects. Based on
Over [174]

Answer:

$319,000

Explanation:

The computation of the liability is shown below:

= Total expenses in three year - actual warranty expenditure

where,

Total expenses in three years = Total sales × total percentage of sales

                                                = $6,200,000 × 9%

                                                = $558,000

And, the actual warranty expenditure is $239,000

Now put these values to the above formula  

So, the value would equal to

= $558,000 - $239,000

=  $319,000

6 0
3 years ago
You have taken out a $225,000, 3/1 ARM. The initial rate of 5.8% (annual) is locked in for three years and is expected to increa
RoseWind [281]

Answer:

$1,320.19

Explanation:

Loan amount = $225,000

Rate = 5.80%

Years = 30

PMT = ?

Initial payment = PMT(Rate/12, Years*12, -225,000)

Initial payment = PMT(5.80%/12, 360, -225,000)

Initial payment = 1320.185230439806

Initial payment = $1,320.19

Therefore, the initial payment on the loan is $1,320.19

8 0
2 years ago
A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a(n)
tino4ka555 [31]

A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a <u>Statutory broker.</u>

<h3>What is a Statutory broker?</h3><h3 />

A statutory broker refers to a broker or a salesperson that is able to assist the parties in a transaction even though they are not an agent for either of the parties in the transaction.

Statutory brokers have regulations that they must follow however and in certain states, they need to be residents of a state.

Find out more on brokers at brainly.com/question/17085854

#SPJ1

7 0
2 years ago
In the business world, a _________________ is recognized as a legally acceptable way for any business to keep knowledge of its p
neonofarm [45]

Answer:

Trade secret

Explanation:

A trade secret refers to things like a process, formula or design that a company owns that have an economic value and provide a competitive advantage and that are known only by certain people inside the organization. According to this, the answer is that in the business world, a trade secret is recognized as a legally acceptable way for any business to keep knowledge of its particular methods of production from being known by competing firms because trade secrets refer to intellectual property that allows the organization to have a competitive advantage and they are maintained as a secret to avoid competing firms to copy its methods.

7 0
3 years ago
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