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ipn [44]
3 years ago
6

Suppose your college or organization is considering a new project to develop an information system that would allow all employee

s, students, and customers to access and maintain their own human resources information, such as address, marital status, and tax information. The main benefits of the system would be a reduction in human resources personnel and more accurate information. For example, if an employee, student, or customer had a new telephone number or email address, he or she would be responsible for entering the data in the new system. The new system would also allow employees to change their tax withholdings or pension plan contributions. Identify five potential risks for this new project and be sure to list some negative and positive risks.
Required:
Provide a detailed description of each risk and propose strategies for addressing each risk.
Business
1 answer:
Varvara68 [4.7K]3 years ago
8 0

Answer:

The description of the given question is explained below in the explanation portion.

Explanation:

Risk 1: <u>New customer</u>

  • Our advantage comes from developing strong client relationships, that also typically lead to other initiatives with this client.

Risk 2: <u>Poor cost estimate</u>

  • It's always research linked towards the building of educational business process, therefore a complicated project consisting of several components including students, instructional personnel, and clients.

Risk 3: <u>Difficult to maintain</u>

  • Throughout the long term, disproportionately numerous people will be able to use that same technology in some of these circumstances.
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Answer:

920 (Unfavorable)

Explanation:

Labor rate variance = Actual direct labor hours (Actual direct labor rate - Standard direct labor rate)

Labor rate variance = 2,300 * ($21.7 - $21.3)

Labor rate variance = 2,300 * 0.4

Labor rate variance = 920 (Unfavorable)

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3 years ago
In perfect competition, each additional unit of output that a firm sells will yield a marginal revenue that is:
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Answer:

The correct answer is equal to price.

Explanation:

A perfectly competitive firm is a price taker. This is because of the large number of firms, no single firm is able to influence the price. So each firm faces a horizontal demand curve. This horizontal line shows demand, marginal revenue, and average revenue.  

The price level is determined at the point where the marginal cost is equal to price. The marginal revenue is always equal to price because the price is fixed at a point, each output level is supplied at the same price.

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4 years ago
According to the Techstar’s video describing entrepreneurial journeys, and their efforts to support entrepreneurship, what is th
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Champion

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The initial stages of enterpreneur's journey is: inspire, discovery, founder, startup, scale, and finally champion.

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9. Matilda just graduated from college. In order to devote all her efforts to college, she did not hold a job. Matilda just grad
frosja888 [35]

Answer:

Remain the same; remain the same.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Natural Rate of Unemployment (NU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Cyclical unemployment rate (CU).

There are different measures used in the measurement of the unemployment rate in a country's economy and these includes;

A. U-1: this is the percentage of people that are unemployed for at least 15 weeks or more.

B. U-2: this is the percentage of the people who have lost their job or the people that finished a temporary job.

C. U-3: this is the percentage of the population that is unemployed but actively seeking employment.

All things being equal (ceteris paribus), the unemployment rate would remain the same and the labor force participation rate remain the same because Matilda has decided to cruise around the country on her motorcycle for a month before she starts looking for work.

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3 years ago
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