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Butoxors [25]
2 years ago
13

Before supplier relationship management (SRM), buyers typically spent 40% of their time on expediting orders. After SRM implemen

tation buyers spent about:a. 30% of their time on expediting ordersb. 20% of their time on expediting ordersc. 10% of their time on expediting ordersd. None of these choices are correct
Business
1 answer:
Semmy [17]2 years ago
7 0

Answer: c. 10% of their time on expediting orders

Explanation:

Supplier relationship management is an approach to evaluate or assess supplier's contributions to businesses with the aim of improving the business and grow relationship between both parties. The supplier relationship management has helped buyers spend just 10% of their time on expecting orders.

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The opportunity cost of an item is a. what you give up to get that item. b. usually less than the dollar value of the item. c. t
Jobisdone [24]

Answer: a

Explanation:

Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. While financial reports do not show opportunity cost, business owners can use it to make educated decisions when they have multiple options before them.

Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful. Understanding the potential missed opportunities foregone by choosing one investment over another allows for better decision-making.

Opportunity cost analysis also plays a crucial role in determining a business's capital structure. While both debt and equity require expense to compensate lenders and shareholders for the risk of investment, each also carries an opportunity cost. Funds used to make payments on loans, for example, are not being invested in stocks or bonds, which offer the potential for investment income. The company must decide if the expansion made by the leveraging power of debt will generate greater profits than it could make through investments.

6 0
2 years ago
Scenario 1: Richman Investments provides high-end smartphones to 250 of their 3000 employees. The value of each smartphone is $1
atroni [7]

Answer:

will be 500

Explanation:

7 0
3 years ago
Leather ShopLeather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current ass
slavikrds [6]

Answer:

$75,000

This option has not been provided

Explanation:

Cash provided by operating activities

Net Operating Income

Add: Depreciation

Add: Decrease in current assets

Add: Increase in Current Liabilities

Using the information in question, we have

Cash Provided by operating activities = $57,000 + $5,000 + $4,000 + $9,000 = $75,000

None of the above is the right answer as the correct option is not available.

8 0
2 years ago
An important feature of a job order cost system is that each job:_______.
sammy [17]

Answer:

D

Explanation:

it has it's own distinguishing characteristics ....Form used to record the cost chargeable to a specific job and to determine the total and unit cost of the completed job

6 0
3 years ago
Whether an existing business process is being improved or a completely new business process is being​ created, the first step in
PIT_PIT [208]

Answer:

A) define the goals. (part of define the problem)

Explanation:

The 5 stages of the Six Sigma process (DMAIC) are:

  1. <u>D</u>efine the problem: involves defining the problem statement ⇒ the reasons for creating or improving the process ⇒ define the goals of the process ⇒ establish a timeline ⇒ determine the scope of the project ⇒ choose the team that will be in charge of carrying out the project.  
  2. <u>M</u>easure or quantify the problem.
  3. <u>A</u>nalyze and identify the cause of the problem.
  4. <u>I</u>mprove by solving the root cause of the problem and verify the improvement.
  5. <u>C</u>ontrol the improvements and pursue perfection.

8 0
3 years ago
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