The statement that "Time studies are recommended to determine the time needed for procedures" is True. The statement that "The operative time required to complete procedures is the determining factor" is False.
Time studies are maximum appropriate for tactics related to sequences of repetitive moves that recur in a cycle. While a procedure can be divided into multiple discrete tasks, time studies are a useful way of measuring how a whole lot of time employees spend on every part of a process.
A time and motion study is an enterprise performance technique combining the Time study paintings of Frederick Winslow Taylor with the movement have a look at the work of Frank and Lillian Gilbreth. It's miles a first-rate part of medical management.
A have a look at of every one of the steps in an operation or manner and the time eaten up by means of them, for the motive of devising methods of growing performance or productiveness of employees. A time study can establish a baseline from which to drive improvement efforts or set a widespread to govern performance. Without simple time study measures, it's far impossible to recognize whether work has improved or whether or not there are differences in performance in a unit.
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Which form is used to report fica taxes for the employer and employee, and also federal income taxes for the employee?
FORM 941 is used to report FICA taxes for the employer and employee, and also federal income taxes for the employee.
IRS Form 941 is more normally referred to as the company's Quarterly Federal Tax go back. This is the shape your business uses to document earnings taxes and payroll taxes that you withheld out of your personnel's wages. It also gives space to calculate and file Social protection and Medicare taxes.
Normally, any man or woman or business that pays wages to an employee should record a shape 941 in each area and must continue to achieve this even supposing there are not any employees throughout a number of the quarters.
Employers use Form 941 to: document profits taxes, Social protection tax, or Medicare tax withheld from workers' paychecks. Pay the business enterprise's part of Social security or Medicare tax.
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If a firm has an operating cycle of 120 days and an average payment period of 20 days, its cash conversion cycle would be?
Cash conversion cycle of a firm would be 100.
The time it takes for a business to convert its investments in inventory and other resources into cash flows from sales is expressed by the cash conversion cycle (CCC), a statistic that is expressed in days. The cash conversion cycle (CCC), also known as the net operating cycle or just the cash cycle, aims to quantify how long each net input dollar is involved in the production and sales process before it is turned into received cash.
This indicator takes into consideration how long it takes for the business to sell its merchandise, collect receivables, and make bill payments.
The cash conversion cycle (CCC) is one of a number of quantitative indicators that may be used to assess how well a company's management and operations are carried out. Rising CCC numbers should prompt more research and analysis based on other criteria, whereas declining or stable cash conversion cycle (CCC) values over several periods are a healthy indicator. Remember that only some industries depending on inventory management and associated activities are covered by CCC.
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an oil exploration company currently has two active projects, one in asia and the other in europe. let a be the event that the asian project is successful and b be the event that the european project is successful. suppose that a and b are independent events with p(a)
54.55% probability that only the Asian project is successful. As a and b are independent events.
What is independent events?Independent events are those whose occurrence is not reliant on other events. If we throw a coin into the air, and it lands on head, for instance, we can try again, and it will land on tail. The two events have occurred independently in both instances.
The two events are independent if the occurrence of one has no bearing on the likelihood that the other will also happen. If the incidence of one event has no bearing on the likelihood of the other, then the two events are independent in terms of probability.
Thus, it is 54.55%.
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The full question is missing-
P(A) = 0.8 and P(B) = 0.4. Given that at least one of the two projects is successful, what is the probability that only the Asian project is successful?
when marcus meets with lily and talks to her about the advantages of the service offered by his company, he is engaging in
When Marcus met with lily, and talks to her about the advantages of the service offered by his company, he is engaging in Personal Selling.
What is personal selling?
Personal selling is a face-to-face selling method by which a salesperson uses his or her interpersonal skills to convenience a customer in buying a particular product. The salesperson tries to highlight the features of the product to convince the customer that it will only add value. However, getting a customer to buy a product is not the only motive behind personal selling every time. Often companies try to follow this approach with customers to make them aware of a new product that they launched.This helps companies to gain customers and it also helps in the brand promotion.To learn more about personal selling, refer to:
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When Marcus met with lily and talks to her about the advantages of the service offered by his company, he is engaging in personal selling.
What is personal selling?Personal selling commonly referred to as face-to-face selling, involves one salesperson persuading a customer to purchase a product. It is a type of advertising where the salesperson makes an effort to close a deal by applying his or her knowledge and skills.Personal selling is frequently used to market and sell products with moderately high pricing or complicated features. Excellent examples include vehicles, office supplies (such photocopiers), and a wide range of goods offered by companies to other industrial clients.When Marcus met with lily and talks to her about the advantages of the service offered by his company, he is engaging in personal selling.There are four types of selling, namely
Transactional selling.Solution selling.Consultative selling.Provocative selling.To learn more about personal selling, refer to:
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an example of an institutional coi is:an industry sponsor pays for the construction of a new research laboratory at the organizationthe organization gives scholarships to some post-doctoral researchersthe organizati
one of the organization's deans is the vice-chair of the organization's IRB.
What is institutional COI (conflict of interest)?A scenario is called an "institutional conflict of interest" (or "institutional COI") when the financial interests of an institution or a representative of the institution, acting within the scope of his or her authority on behalf of the institution, may affect or appear to affect the institution's research, education, clinical treatment, business dealings, or other activities.
The staff of the Conflict-of-Interest Office conducts an administrative evaluation of potential institutional conflicts of interest and administers cases that are found in coordination with the chair of the Institutional COI Committee.The Institutional COI Committee reviews each management plan in detail or by consent agenda.To know more about institutional COI visit:- https://brainly.com/question/14328211
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The highest level of assurance is provided by a/an ___________.
The highest level of assurance is provided by An audit.
What is audit?
An audit is defined as "an independent evaluation of the financial information of any business, presumably profit-oriented or not, regardless of its size or legal structure, when such investigation is undertaken with a view to offering an opinion thereon."
Therefore,
The highest level of assurance is provided by An audit.
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Which of the following is not a way to reduce risk?
a. diversifying investments.
b. obtaining more information about choices and payoffs.
c. by considering fewer alternatives.
d. buying insurance.
c. by considering fewer alternatives. is not the way to reduce risk.
Reduce risk discount every so often known as catastrophe threat management is a scientific approach to identifying, assessing, and decreasing the dangers of disaster. Its ambitions to reduce socio-economic vulnerabilities to catastrophe as well as deal with the environmental and other risks that trigger them.
Employees can lessen the chance of capacity challenge risks by figuring out them early. If something does move incorrectly, there will already be a motion plan in place to address it. This allows employees to prepare for the surprising and maximize assignment outcomes.
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A(n) __________ strategy is the outcome of a rational and structured, top-down strategic plan. multiple choice question. serendipitous emergent realized intended
A(n) intended strategy is the outcome of a rational and structured, top-down strategic plan.
What do you mean by intended strategy?An expected system is the methodology that an association desires to execute. Expected techniques are normally depicted exhaustively inside an association's masterful course of action. At the point when a well defined course of action is made for another endeavor, it is known as a marketable strategy.
An expected system is what you plan to happen deduced to the activities you are deciding to seek after. You attempt to design out the drawn out objectives and activity plans. For instance, as an individual, you could make an arrangement to practice over 3 days per week, or as a firm, you could want to present one new item consistently.
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The __________ phase of the secsdlc begins with a directive from upper management specifying the process, outcomes, and goals of the project as well as its budget and other constraints.
The analysis phase of the secsdlc begins with a directive from upper management specifying the process, outcomes, and goals of the project as well as its budget and other constraints.
In the analysis stage, several elements that have been gathered and processed are scrutinized, correlated, and given the essential context to make them valuable. This is the point at which intelligence transforms from merely being a collection of haphazardly related facts into a finished good that is helpful in making decisions.
What does analysis phase example entail?
Examples include distributed client-server systems, in which a server-side database stores the data while the client-side algorithms that manipulate the data are located there. The linking of data structures and algorithms to create objects with methods results from an object-based decomposition.
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Consider the demand equation q=20,000 p^(-1.4). if the cost of production is constant at $0.50 per unit then what is the optimal price to maximize profit?
Consider the demand equation q=20,000 p^(-1.4). if the cost of production is constant at $0.50 per unit $1.75 is the optimal price to maximize profit.
The income maximization system depends on income general sales overall fee. consequently, a firm maximizes earnings while MR = MC, that is the primary order, and the second order depends on the first order. This idea differs from wealth maximization in phrases of length for income earnings and the company's goals.
Calculation,
The demand equation q=20,000 p^(-1.4)
The production constant is $0.50
maximum profit= $1.75
The choicest charge is that charge point at which the total earnings of the seller are maximized. while the rate is just too low the vendor is shifting a big quantity of devices but income is the best possible combination of income. Examples of income maximizations like this encompass: discovering less expensive raw materials than those presently used. discover a provider that gives better charges for inventory purchases. locate product resources with decreased delivery prices. lessen labor expenses.
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project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation and repeatability.
Project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation exept repeatability.
Competing in a global market influenced by rapid change, innovation, and time to market means organizations manage more and more projects.
A task manager, with the help of their group, is charged with more than one duty that spans the five project stages of an assignment life cycle (initiating, making plans, executing, tracking, and ultimately).
Within the broadest sense, project managers (PMs) are liable for making plans, organizing, and directing the completion of specific initiatives for an organization whilst ensuring these initiatives are on time, on finances, and within scope.
Essentially, a project manager who's certified has the temperament, competencies, and enjoy wanted for the placement. standard requirements normally encompass a minimum of three years of experience in an associated position, the potential to communicate, formal education, and a PMP certification.
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With respect to personal finance, what is the name of the most commonly used credit scoring system intended to help lenders predict how likely an individual is to repay a loan, or make credit payments on time?.
The most widely used credit scoring system for personal finance, known by the acronym FICO Score ,i.e. Fair Isaac Corporation.
It was created to assist lenders in determining whether or not a potential borrower will be able to repay a loan or make credit payments on time.A consumer's creditworthiness is indicated by a credit score, which ranges from 300 to 850. A borrower will appear better to potential lenders if their score is higher. A credit score is based on a person's credit history, which includes the number of open accounts, total debts owed, payment history, and other elements. Credit scores are used by lenders to assess a borrower's likelihood of timely loan repayment.These three companies (Equifax, Experian, and TransUnion )control the industry for gathering, evaluating, and disseminating data about customers in the credit markets. Fair Isaac Corp., now known as FICO, developed the credit score model, which is utilised by financial institutions.
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in order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. suppose that you are originally from the united states. you have been offered a job as an expatriate manager in dubai, a country with a culture that is radically different from yours. what competencies would you need to take on this assignment? check all that apply.
Ambition for cultural adventurousness and Flexibility is required.
The world's nations and regions are connected by the global economy through a web of business ties. These connections entail the trade of commodities and services, international money transfers, the converting of currencies, and the movement of people in quest of higher living standards.
The total of economic activity that take place both within and between nations can be referred to as the global economy. With its own industrial production, labor market, financial market, resources, and environment, each nation is a distinct entity. Globalization facilitated and accelerated the growth of international trade, finance, and labor migration, which are illustrative areas where nations must collaborate and find common ground.
The complete question is:
in order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. suppose that you are originally from the united states. you have been offered a job as an expatriate manager in Dubai, a country with a culture that is radically different from yours. what competencies would you need to take on this assignment? check all that apply.
Risk aversionInfluencing othersCultural adventurousness FlexibilityTo learn more about Global Economy here
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max weber believed that bureaucracy prevents a firm from achieving a competitive advantage because it is inefficient and is plagued with management problems.
According to Max Weber, a bureaucratic organization never gains a competitive advantage since it is ineffective and has several management problems. According to Max Weber, a bureaucracy is the most perfect type of organization since it is logically sound, effective, and reasonable.
A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins. Cost structure, branding, the standard of the product offers, the distribution system, intellectual property, and customer service are just a few examples of the variables that are thought to contribute to competitive advantages. Due to particular advantages or circumstances, a company and its stockholders can benefit more from competitive advantage.
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_____ makes products available in quantities desired to as many target market customers as possible.
a marketing manager makes products available in quantities desired to as many target market customers as possible.
To increase consumer awareness and create demand for goods and services, marketing managers plan and execute marketing initiatives. Designing, administering, and assessing marketing initiatives are just a few examples of the many activities that fall under this broad category.
Go-to-market launches, advertising, email campaigns, events, and social media are just a few of the numerous activities that marketing managers frequently organize and handle.
The marketing aspect of a company or product is managed by a marketing manager. A single product, a number of services, or both may be under their purview.
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a project under strict terms and conditions to produce project deliverables on time or suffer late penalties is an example of a: commercial risk. technical risk. legal risk. execution risk.
A project under strict terms and conditions to produce project deliverables on time or suffer late penalties is an example of an execution risk. Hence option (d) is correct i.e. Execution Risk.
Execution risk involves the delay in project deliverables or goods and services. Execution risk involves late delivery and delay the completion of project output, which thus put the task significantly further behind.
To avoid the execution risk, it is the responsibility of managers to do whatever it takes to stay away from those obstacles, have a greatly improved possibility of making excellent expectations on time and on financial plan. A strong comprehension of execution risk assists the management with recognizing the particular dangers to project deliverables more rapidly and precisely.
While the other options are incorrect because:
Commercial risk is related to commercial activities, for example, what would be happened with the project or output of the project if the economy fluctuates, or if commercial circumstances get change.Technical risks are the risk attached to the maturity of the technology and the existence of the technology required to execute the project or develop the project outcome or deliverables. Legal risk is attached to the project if it goes beyond the rules set by the government or higher authority where the project is executed and deployed.You can learn more about project risk management at
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economics is the study of how individuals and societies allocate resources among many competing uses. (use one word for the blank.)
It is true that the economics is the study of how individuals and societies allocate resources among many competing uses.
What is economics?Economics can be described as study of scarcity as well as its implications for the use of resources as well as production of goods and service.
It also focus on the growth of production as well as the welfare over time, Scarcity which can be described as the economic concept is a basic fact of life which made us to understand that only a finite amount of human as well as nonhuman resources exists which is the best technical knowledge that is capable of using to produce limited amounts .
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CHECK COMPLETE QUESTION:
True or False economics is the study of how individuals and societies allocate resources among many competing uses. (use one word for the blank.)
Credit cards:________
a. defer payments.
b. are a store of value.
c. have led to wider use of currency.
d. are part of the money supply.
Answer:
Credits cards defer payments.
Explanation:
When you defer something, you put it off. When you use a credit card you are putting off paying for an item while promising you will pay it back at a later time. It isn't a store of value because there is no value in the card. It is has not led to a wider use of currency because when you swipe the card, there is usually no currency available for you to use at the moment. They are not part of the money supply because credit cards have no monetary value. Hope that helps!
discuss some of the difficulties a company like bose might experience when trying to implement just-in-time purchasing with international suppliers.
There are mainly three types of problems arise during the implementation of the just-in-time purchasing system.
The just-in-time purchase means a process in which the goods are only purchased when the company received demand. There are three main problems in this:
1. Problem in forecasting: When a company implement this rule it creates difficulty for the company to forecasting because they did not know the actual quantity to purchase.
2. Coping with the demand:
It becomes very difficult of the company to suddenly order the raw material for meeting the demand.
3. No control on supply:
In this the company has no control on the supply chain because the company does not know when they get order for the goods.
Hence, these are some of the problems faces by a company by implementing the just-in-time purchase.
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the existence of cash is always relevant, and valuation a relevant assertion for the cash account
Classification is normally not a relevant assertion. Cash is almost always a current asset. But when bank overdrafts occur, classification can be in play.
What is current asset ?All assets possessed by the corporation that can be turned into cash within a year are recorded in the Current Assets account, which is a line item on the balance sheet under the Assets heading. Current assets are things that have worth that is shown in the Current Assets account.
The following list of liquid assets is comprised of current assets: cash, cash equivalents, accounts receivable, stock inventory, marketable securities, and other liquid assets. Current Assets can also be referred to as current accounts.
The balance of a company's assets that can be liquidated, used, or sold for cash within a year are represented in the account known as "Current Assets," which is reported on a balance sheet.
The following list of liquid assets is comprised of current assets: cash, cash equivalents, accounts receivable, stock inventory, marketable securities, and other liquid assets.
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Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?
Her entire compensation is $504.
The term "total pay" means what?Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.
The following formula will be used to determine Cindy Haskins' total compensation:
Hourly Payment per hour= $9.00
Hours worked= 40 hours
Payment = 40 X 9 = $360
Overtime payment per hour = $9.00 X 2= $18
Overtime = 8 hours
Payment = 18 X 8= $ 144
Total Payment= $360 + $144= $504
How do you figure up total pay?The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).
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3. what is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?
Cash dividends, which entail a corporation using available cash and paying it out to shareholders, are well-known to most investors.
Even while the accounting isn't always as simple as it is with cash dividends, adjustments must still be made to the company's balance sheet when dividends are paid in shares of stock. Prior doing that, we'll go over the relevant accounting difficulties and calculate how retained earnings respond to a stock dividend.
A firm effectively distributes earnings it has held to shareholders when it pays a dividend. Cash dividends decrease the amount of cash on the asset side of the balance sheet, and they also have an equivalent impact on the retained earnings in shareholder equity.
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During the last stage of the purchase decision process, known as ________, a consumer compares a purchased product with his or her expectations.
Over the past level of the purchase decision manner, known as postpurchase behavior purchaser compares a purchased product with his or her expectations.
An instance of expectation is a belief that you'll be getting promoted. An instance of expectation is a perception that you have to behave as a proper woman or gentleman. the prospect of destiny; grounds upon which something exceptional is predicted to occur; the prospect of something proper to return, specifically of belongings or rank.
Employee expectations are conduct, performance, and work responsibilities and results set by an employer's management or control group. those expectancies may be defined formally in an employee manual or process description. They also can be shared more informally at some stage in group conferences or 1-1 discussions.
The benefits of putting expectations with employees are that doing so: presents clarity for both the employee and supervisor and receives everyone on the equal page. Establishes a baseline of size for destiny's overall performance. enhances verbal exchange.
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The most commonly accepted groups of asset classes include all of the following except:____.
a. stocks.
b. bonds.
c. machinery and equipment.
d. real estate.
The most commonly accepted groups of asset classes include all of the following except machinery and equipment.
Equipment maximum usually refers to a fixed of gear or other objects normally used to attain a selected objective. exceptional jobs require specific forms of device.
Device is a tangible long-term asset that blessings a commercial enterprise over numerous years of use. computers, vehicles and manufacturing machinery are all examples of equipment. they're tangible due to the fact they have got a physical form—not like intangible assets (such as patents, emblems or copyrights) that do not.
A tool may be any item that is used to reap a intention. equipment commonly denotes a set of gear which might be used to achieve a particular objective.
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To serve both buyers and sellers, marketing seeks to __________ and satisfy the needs and wants of prospective customers.
To serve both buyers and sellers, marketing seeks to discover and satisfy the needs and wants of prospective customers. Viral marketing aims to disseminate knowledge about a product or service from person to person through word of mouth or sharing via the internet or email.
Resulting in an exponential increase in the number of people who get it. Viral marketing is a sales method that uses organic or word-of-mouth information about a product or service to spread at an ever-increasing rate. The internet and the rise of social media have considerably increased the amount of viral customers in the form of memes, shares, likes, and forwards.
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When consumers engage in __________ buying behavior they go through a learning process, so it is most important that marketers understand information gathering and evaluation behavior.
When consumers engage in complex buying behavior they are going through a learning process, so it's most vital that marketers understand operation and evaluation behavior.
Complex buying behavior occurs when the buyer is extremely attached the acquisition and when there are significant differences between brands. The customer is very involved within the buying process and thorough research before the acquisition because of the high degree of economic or psychological risk. Samples of this kind of shopping for behavior include purchasing expensive goods or services like a house, a car, an education course, etc. Therefore it's most vital that marketers understand operation and evaluation consumer behavior.
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The main disadvantages of using a franchising strategy to pursue opportunities in foreign markets do not include?
The main disadvantages of using a franchising strategy to pursue opportunities in foreign markets do not include maintaining quality control.
What is a franchising strategy?An organization can use franchising as a strategy for commercial growth because it is based on a marketing notion. In cases where it is used, a franchisor grants a franchisee a license to use all or part of its intellectual property, operating methods, business model, brand, and rights to market and sell its branded goods and services. In exchange, the franchisee agrees to pay certain fees and adhere to specific requirements, usually outlined in a franchise agreement.
Both a noun and a (transitive) verb, "franchise" is of Anglo-French origin and comes from the word "franc," which means "free." Using a franchise system is for the franchisor an alternative to expanding through corporate-owned stores or "chain stores" for business growth. For the selling and distribution of goods and services, a franchise system business growth plan reduces the franchisor's capital investment and liability risk.
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How does a sustainable competitive advantage differ from a competitive advantage?
A sustainable competitive advantage is one that competitors cannot copy in the immediate future is the way in which a sustainable competitive advantage differ from a competitive advantage .
What is Sustainable competitive ?
A set of traits and skills that enable a company to outperform rivals in satisfying the needs of its customers is known as a sustainable competitive advantage. This gives a company more concentration, enabling it to increase sales and improve profit margins.
Without one or more persistent competitive advantages, a business might not be able to overcome whatever made its stock attractively priced. We only wish to invest in the stocks of businesses that provide true value investments rather than value pitfalls. In other words, we aim to purchase equities that are now trading below their real value and that will increase shareholder cash flow.
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we build lenses uniquely to the needs of your eyes multiple choice 1 fit timing price location performance
Correct option is A, As the slogan is related to the Fitment of the unique lenses as per the need of eyes which means uniquely designed lenses by the company such as lenskart.
What Are the Different Types of Specialty Lenses?
Terms like "conventional lenses" or "standard lenses" can be confusing, because all contact lenses must be fitted to the patient's eyes. Every person's eye is slightly different in shape, and contact lenses must be tailored to that shape. Specialty contact lenses are useful in situations where fitting a lens to the eye or the patient's needs is more difficult than usual. The scleral lens is one example. Scleral lenses are used when irregularities in the shape of the cornea make fitting an effective standard lens impossible. Scleral lenses, rather than sitting on the cornea, rest on the white of the eye (the sclera) and then vault.
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Prior service costs are charged to the _______________ account when a company adopts a new pension plan.
The Prior service costs are charged to the other Comprehensive Income. account when a company adopts a new pension plan. The process of identifying the expenses connected with building, supporting, and providing your service is known as service costing.
Equipment, staff labor, professional fees, software, license fees, and data center charges are just a few examples of the service cost components. To determine a reasonable profit margin, consider your costs, the market, your perceived value, and the time invested. Customer Support Income are the expenses incurred by a Party in order to charge, collect, and provide the relevant Customer Services.
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