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skad [1K]
3 years ago
6

Why is it important to control the supply chain? Multiple Choice Control of the supply chain influences the work processes and l

evels of performance through a set of accepted norms. Controlling the supply chain means it can be used to monitor employees and assess job satisfaction, engagement, and leadership. It is effective in ensuring that performance standards are being met. It increases employee commitment and workers taking responsibility for their performance. As a major cost center, it is important to pay attention to the sourcing, shipping, and warehousing.
Business
1 answer:
Monica [59]3 years ago
4 0

Answer:

It is important to control supply chain because:

  • Choice Control of the supply chain influences the work processes and levels of performance through a set of accepted norms.
  • It is effective in ensuring that performance standards are being met.
  • As a major cost center, it is important to pay attention to the sourcing, shipping, and warehousing.

Explanation:

Supply chain handles the of the flow of goods and services from producer to consumer.

Control of supply chain influences the work processes and increases competitiveness as well as customer satisfaction.

The controls put in place guarantees efficiency in the supply chain processes and allow firms to quickly deliver products to the end-user for a low cost.

Therefore, control of supply chain is important because:

  • Choice Control of the supply chain influences the work processes and levels of performance through a set of accepted norms.
  • It is effective in ensuring that performance standards are being met.
  • As a major cost center, it is important to pay attention to the sourcing, shipping, and warehousing.

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Oxana [17]
A characteristics of a mixed economy is a mix of both private and government control.
7 0
3 years ago
MCQS
dlinn [17]

Answer:

MCQS

(i) Compensation of employees includes ________.

(a) wages, salaries, fringe benefits, Social Security contributions, and health and pension plans .

(ii) The difference between the income received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by nonresidents in the domestic territory of a country is known as-------

(a) Net Factor Income from Abroad .

(iii) Suppose that in year 1 an economy produces 75 unit of apple that sell for $5 each and 100 mobile that sell for $6 each. The next year the economy produces 110 apple that sell for $3.75 each and 80 mobile that sell for $5 each. The real GDP is

(c) 1030 .

(iv) What of the following does NOT enter GDP?

(c) Life Expectancy.

(v) The sum of all kinds of income received by the individuals from all sources is called---------

(a) Personal Income.

Explanation:

1) Employee Compensation includes the salaries, wages, benefits, and other incentives paid to employees in exchange for their services to the company.

3) The Net factor income from abroad is the difference between the factor income earned from abroad by normal US residents and the factor income earned by non-residents (foreigners) in the US domestic territory.

4) The real GDP is the gross domestic product adjusted for the effect of inflation on prices.  The real GDP for year 2 should be based on the prices of year 1 and is calculated as follows (110 * 5 + 80 * 6 = 1030).

5) Personal income is the sum of all kinds of income received by the individuals from all sources.  It is used in the calculation of the US GDP.  It is a subset of private income.  Private income, which is broader than personal income, consists of personal income, profit tax, and undistributed profit.

6 0
3 years ago
You want to start an organic garlic farm. The farm costs $230,000, to be paid in full immediately. Year 1 cash inflow will be $2
Nostrana [21]

Answer:

13.8%

Explanation:

IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow in year 0 =  $-230,000

Cash flow in year 1 =  $25,000

Cash flow in year 2 =  $25,000 x 1.05 = $26,250

Cash flow in year 3 =  $26,250 × 1.05 = $27,562.50

Cash flow in year 4 = $27,562.50 × 1.05 = $28,940.63

Cash flow in year 5 = $28,940.63 × 1.05 = $30,387.66 + $260,000 = $290,387.66

Irr = 13.84%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

5 0
3 years ago
Business ethics are not divorced from personal ethics, which are generally accepted principles of right and wrong goverming the
777dan777 [17]

Personal ethics

Explanation:

Personal ethics applies to the ethics that a person who identifies with in respect to the people and circumstances that they contend with in everyday life. Professional ethics means the ethics a person has to adhere to in relation to their professional relationships and business transactions.

The principles of personal ethics are:

  • Concern and respect for the autonomy of others.
  • Honesty and the willingness to comply with the law.
  • Fairness and the ability not to take undue advantage of others.

Ethics also shield members from harmful actions, such as success, money and power. They also help individuals gain a sense of truth and meaning of life. Unless you have some idea of knowing what is right and what is wrong people have no way to live and feel free to do whatever they want.

An ethical culture community offers a culture that supports the ethical conduct of the organization's members. Unethical conduct is any activity of a member who does not comply with the standards established by the organization's culture.

7 0
3 years ago
Read 2 more answers
Omar and Janet are also trying to forecast what their federal and state income taxes will be at the end of the year. If Rings an
Brums [2.3K]

Answer: This was the best answer I could come up with. Its probably wrong but whatever! :P  

They will determine their income taxes based on their positive cash flow of $1,000.00 per month. This is because this cash flow spans across more months than their negative cash flow of -$150.00 per month. Expenses that could be used for their tax deductions is sales tax.

Explanation:

3 0
3 years ago
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