Answer: Monitoring
What ongoing practice helps track risk in real time?
<span>A risk is a broad term but can be best defined as a potential of gaining or losing something of value. It is not an uncertainty because it is bound to happen, only the probability or the mode of its occurrence is not known. Whatever or wherever fields and business we are in, the ongoing practice that helps track risk in real time is thru monitoring them. </span>
The quantitative method used to evaluate multiple locations based on total cost of product or service operations is called a <u>break even analysis</u>.
<h3>What is a
break even analysis?</h3>
This refers to the management tool that is used to calculate the level of sales needed to cover all costs of production. It helps to further sales to generate a positive safety margin and hence profit for the business.
Hence, the quantitative method used to evaluate multiple locations based on total cost of product or service operations is called a break even analysis.
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Answer:
Total variable cost for the year = $241,920.00
Total fixed cost for the year = $279,520.00
Total cost for the year = $521,440.00
Explanation:
Note: See the attached excel file for the breakdowns of quarterly and the year calculation.
Answer: cost cutting
Explanation:
3D printing technology is a from of technological innovation which people not many people know about and is less understood by the people and therefore few people might see reason to buy it.
The increase in the competitors offering the product and a price reduction can actually help the product from from the introduction to the growth stage of its life cycle.
The makers of the 3D printers should be more conceened with enhancing distribution, increasing capacity, forecasting and product and process reliability. They should be less concerned about cost-cutting as there are bigger issues to solve.
Answer:
a.direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department
Explanation:
In the case when the standard price and the quantity with respect to the direct material are distinct as the price of the direct material would be controlled by the purchasing department while on the other hand, the quantity would be controlled by the production department
Therefore as per the given situation, the correct option is a.