To create value for the customer and business a company would implement a BPR strategy. BPR is used in the product development re - designing process.
BPR is used in the product development re - designing process of a business to generated revenue, efficiency, frequency, and cost-efficiency. The Business Process Reengineering Implementation process starts from scratch in order to recreate the entire existing process and reduce cycle time. Implementing a BPR strategy necessitates a knowledge of current processes as well as a clear vision for the future. BPR can be time-consuming, and it is critical that after making changes in one phase, you continue to work on other phases.
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category importance is determined by:
Category importance is determined by The purchasing manager should be expert in maintaining the supplier reaction.
The management of an organization's purchasing process and associated elements is known as purchasing manager.
One or more people can create and run a purchasing manager department to make sure that all services, products, supplies, and inventory required for the business to run smoothly are ordered and kept on hand, as well as to manage inventory levels and expenses related to buying the items.
A supplier is a person or organization that offers a good or service to another company. Providing top-notch goods from a manufacturer at a competitive price to a distributor or retailer for resale is the responsibility of a supplier in a business. Anyone who sells or provides something is referred to as a supplier.
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the strategy which attempts to use the most recent contracts in the industry as the starting point for achieving further concessions is called:
A labor contract is a binding legal document that specifies the conditions of employment between an employer and its employees.
These agreements will typically cover things like pay, benefits, the number of hours to be worked, vacation time, work/life balance difficulties, occupational health and safety standards, and leave time.
recurring negotiation. This kind of negotiating bases ongoing negotiations on an earlier or current agreement that was used as a precedent. On top of the concessions already included in the reference agreement, the negotiators try to add fresh ones.
What Do Labor Contracts Mean in the UAE?
A labor contract is a legal agreement between an employer and employee that is signed by both parties. The work agreement becomes legally binding after both parties have signed it. The kind and extent of an employee's work are defined by their employment contracts.
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What is often the best way for a marketing manager to observe and understand a customer's experience?
The best way for a marketing manager to observe and understand a customer's experience is by doing research.
Marketing managers are in charge of developing, planning, and executing strategic marketing plans for an entire organization in order to attract new clients and retain existing ones (or for certain business units and brands within an organization).
Research is the objective collection, arranging, and analysis of information to increase understanding of a topic or situation. It is defined as "creative and methodical effort done to improve the corpus of knowledge." A research study's main objective can be an expansion of past work on the subject.
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Administrative management’s focus was based on what?
a. Improving efficiency
b. Using knowledge, fairness, and logical rules and procedures.
c. On how and what managers should do in their jobs
d. The employee’s humanistic needs
Administrative management’s focus was based on improving efficiency. The correct option is A.
What are administrative goals?These objectives have to do with office work, which is an administrative assistant's main responsibility. Having administrative objectives can make an office run more smoothly. You could establish administrative objectives to boost efficiency in your workplace.
Administrative managers are in charge of an organization's support functions. They make sure that resources are used effectively throughout a business and that information is flowing effectively. Strong administrative administrators have the organization and attention to detail needed to handle daily operations.
Thus, the ideal option is A.
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on january 1, patterson inc. borrowed $2,400,000 on a 10%, 15‑year mortgage note payable. the note is to be repaid in equal semiannual installments of $156,122 (payable on june 30 and december 31). each mortgage payment includes principal and interest. interest is computed using the effective interest method. indicate the financial statement effects using the template for (a) issuance of the mortgage note payable, (b) payment of the first installment on june 30, and (c) payment of the second installment on december 31.
These are the journal entries:
On January 1, Patterson Inc. borrowed $2,400,000 on a 15-year mortgage note payable with 10% interest. The note payable must be disclosed as a liability on the financial statements of Patterson Inc. The Company got $2,400,000 in cash for the Note Payable.
What is a note payable ?A loan that requires interest repayment is known as a note payable. It is listed on the balance sheet as a liability. The note payable is categorized as a short-term liability if it is due within the year.
A) Here is the journal entry:
Cash A/c Dr $2,400,000
To notes payable $2,400,000
B) The first of two equal semiannual installments of $156,122 toward the note is made by Patterson, Inc. on June 30.
The formula to calculate the amount of interest expense recorded is: ($2,400,000 - $0) x 10% x (6 / 12) = $120,000 (Principal - Principal Payments to Date) x Interest Rate x (Current Period Months Outstanding / 12)
The following formula is used to calculate the principal payment:
Principal Payment = Total Payment - Interest Payment
$156,122 - $120,000 = $36,122
The entry is as follows:
Notes payable A/c Dr $36,122
Interest expense A/c Dr $120,000
To Cash Account $156,122
C) Patterson, Inc. pays the second of two equal semiannual installments of $156,122 on the note payable on December 31. The asset value decreases as money is taken out of the company's bank account. The difference between the total payment and the portion of the payment that is related to interest expense is deducted from the principal balance of the note payable. Interest expense is recognized for six months.
Current Period Interest Expense ($2,400,000 - $36,122) x 10% x (6 / 12) = $118,193.9. The formula to calculate the amount of interest expense recorded is (Principal - Principal Payments to Date) x Interest Rate x (Current Period Months Outstanding / 12)
Total Payment - Interest Payment = Principal Payment is the formula used to calculate the amount of principal that must be paid.
$120,000 - $118,193.9 = $1806.1
The journal entry is as follows:
Notes Payable A/C Dr. $1806.1
Interest Expense A/C Dr. $118,193.9
To Cash A/C Dr. $156,122
Once more, this implies that interest expenditure is recorded every six months rather than every month. The interest payable account would be debited rather than interest expense if interest expense was recorded on a monthly basis.
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bert receives a phone call from a representative of a local funeral home. the sales representative let him know that he could prepurchase funeral services, which would save his family members time and money when planning his funeral. bert did not know such a service even existed. the prepurchase of funeral services is considered a(n) product.
As such prepurchase funeral services would save Bert;s family members time and money when planning his funeral, such prepurchase of funeral services is considered an unsought product.
What is an unsought product?Basically, an unsought product refers to any product of which consumers are unaware or are not neither interested in actively pursuing for purchase. In other words, these are goods that the consumer does not know about, think of buying, and the purchase of which arises due to danger or the fear of danger and lack of desire.
Usually, a high degree of marketing such as heavy advertising and aggressive sales techniques are often necessary due to consumer unawareness of the product or no real desire to purchase it.
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The process of setting up individual functional units of the business to do specialized tasks is called.
The process of setting up individual functional units of the business to do specialized tasks is called Departmentalization.
Employees are divided into groups or departments by a system of rules known as departmentalization in an organizational structure. These divisions work together to fulfill duties as instructed by their own leadership. On significant or challenging projects, several departments may work together.
Departmentalization is used by organizations for a variety of purposes. It's a good technique to organize a lot of individuals, to start with. Additionally, it can make training simpler, make performance evaluation easier, and enable speedy growth or expansion. Last but not least, departmentalization successfully connects work, enabling individuals to readily communicate with and learn from their departments.
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each organization has a unique set of key performance indicators (kpis) it collects. please explain what types of kpis an organization might collect, why they would choose to collect these particular kpis, and how the kpis would be used by the organization for data drive decision making
A form of performance measurement is a performance indicator or key performance indicator. KPIs evaluate a company's effectiveness or the results of a certain activity in which it is engaged.
KPIs are more than just the numbers and measurements you share on a weekly basis; they give you insight into the performance and overall health of your company, allowing you to make crucial changes to your execution in order to meet your strategic objectives. You can accomplish results more quickly by selecting the appropriate KPIs and measuring them.
The five key performance metrics:
revenue expansionincome per customer.margin of profit.Retention of customers.client satisfactionQuantitative indicators that can be represented by a number are one class of KPIs. markers of quality that cannot be expressed numerically. leading signs that can foretell how a procedure would turn out.
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Which of the following are issues most explored in microeconomics? (Check all that apply.)
a. Measuring total revenues of a firm
b. Unemployment and inflation rates
c. The expenditures of a government entity
d. Measuring the price of specific goods
e. The level of public debt
The most explored issues in microeconomics are Measuring total revenues of a firm , The expenditures of a government entity, Measuring the price of specific goods
The microeconomics problems are related to the individuals or firms and the revenue, price, and expenditure above one entity or firm or individual are solved in the microeconomics. Total revenues is determined by multiplying the amount of things sold by their price to determine a business's overall revenue. Public consumption, public investment, as well as transfer payments made up of income transfers (pension, social benefits) and capital transfers are all examples of what is meant by "government expenditure." a measurement of the price of a group of items in a given year to a base year. Logic pricing point for a certain commodity or service will be determined by market forces of supply and demand at any given time, according to the microeconomic concept.
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which global sourcing arrangement is common in the clothing industry? multiple choice question. overseas joint venture overseas independent contractor independent overseas manufacturer in-bond plant contractor
An overseas independent contractor is common in the clothing industry. Hence, B is the correct option.
Cost is the main factor for businesses to produce clothing abroad. Companies frequently focus on the "per piece" cost of manufactured goods when negotiating a price with foreign producers.
Any individual who, with the aid of workers or others, engages in the manufacturing of clothing, with a focus on sewing, cutting, making, processing, repairing, finishing, assembling, dyeing, or altering a garment's design, causing another individual to alter a garment's design, or applying a label, is referred to as a "contractor."
The Biggest Clothing Manufacturers in Asia. Asian countries, like China, Vietnam, and Bangladesh, produce high volumes of clothes to export.
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if the price level of what firms produce is rising across an economy, but the costs of production are constant, then:
If the costs of production remain constant while the price level of what firms produce rises across an economy, then: Production will increase as profits rise.
What happens when the price rises?
Inflation is the term used to describe an increase in prices. Deflation is the term for when prices fall. The purchasing power of consumers is also related to the price level. The purchasing power of money generally decreases with increasing price levels.
We refer to the economy as experiencing when the overall level of prices is rising.
The rate at which prices rise over a given time is called inflation. A country's cost of living or overall increase in prices are two examples of broad measures of inflation.
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the internal document prepared by a department manager that lists the merchandise requested to be purchased is a(n): multiple choice purchase order. purchase requisition. receiving report. invoice. invoice approval.
the internal document prepared by a department manager that lists the merchandise requested to be purchased is a(n) purchase requisition.
An employee of your company can make a purchase requisition to seek the purchase of goods or services. You are not yet making a purchase when you fill out a buy requisition. By requesting internal approval, you are only starting the acquisition procedure.
An internal form called a purchase request is used by staff members to advise department supervisors about the resources they require. The purchasing department is then informed by department managers through this paper that the purchasing process can begin.
When team members need to make a purchase on the company's behalf, they use buy requisitions. Simply put, a purchase request is a formal order that notifies department managers or purchasing officials that a purchase has been decided upon.
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a service firm must orient and motivate its customer-contact employees and supporting service people to work as a team to provide customer satisfaction. this process is known as . question content area bottom part 1 a. supplier and vendor marketing b. service differentiation c. external marketing d. internal marketing e. interactive marketing
This process is known as supplier and vendor marketing. Vendors of marketing automation offer users solutions for organising and streamlining workflows, planning, coordinating, and measuring various marketing operations.
Vendors in this area often provide tools to assist with lead management, social media marketing, email campaigns, and other tasks. A corporation that provides merchandise for upscale apparel boutiques is an illustration of a vendor. A supplier contacts the business to make an order, specifying the products it needs as well as the quantity of each. The business then obtains the required goods from the supplier and sends them to the retailer.
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Which of the following types of assets represents a financial asset as opposed to a real asset?
A. Bonds
B. Human productivity
C. Natural resources
D. Patents
E. Equipment
Bonds represent a financial asset as opposed to a real asset. A financial asset is a liquid asset whose value is determined by a contractual right or ownership claim.
Financial assets include equities, bonds, mutual funds, as well as bank deposits. Financial assets, unlike land, property, commodities, or other tangible physical assets, do not essentially have inherent physical worth or even a physical form. Rather, their value is determined by factors such as supply and demand in the market in which they trade, in addition to the level of risk they carry.
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what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system? with a periodic system, cost of goods sold is calculated only once per day. in contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made. with a periodic system, cost of goods sold is calculated only once at the end of the period. in contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made. with a periodic system, cost of goods sold is recorded each time a sale is made. in contrast, with a perpetual system, cost of goods sold is only calculated once at the end of the period. with a periodic system, cost of goods sold is recorded each time a sale is made. in contrast, with a perpetual system, cost of goods sold is only calculated once per day.
With a periodic system, the cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, each time a sale is made, the cost of goods sold is recorded.
The periodic system tends to use an occasional physical count in order to measure the level of inventory and the cost of goods sold. Whereas, the perpetual system tends to keep track of the inventory balances continuously. Here, the updates are made automatically whenever a product is sold or received.
So, an advantage of the periodic system can be that there is no need to have separate accounting for work in progress, raw materials, and finished goods inventory.
Hence, with a periodic system, the cost of goods sold is recorded each time when a sale is made.
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the chances of risk events occurring and their respective costs increasing change over the project life cycle. what is the significance of this phenomenon to a project manager?
Risk events and estimated costs can change throughout the project lifecycle. These events affect the mechanisms that control project changes. Moreover, such changes may be significant enough to require scope changes.
Project managers should ensure that these changes are recorded and updated. Otherwise, the integrity of the project management system will rapidly deteriorate, rendering it useless as a management tool. A project life cycle is a series of phases that a project goes through. This includes initiating, planning, executing and completing.
The project management life cycle consists of five main phases. These are project initiation, project planning, project implementation, project monitoring and control, and project completion. We will consider each of these phases in turn.
The project lifecycle is a way of looking at the project as a whole that shows the steps to complete the project, maintains focus and momentum, and creates more clearly defined high-level stages of completion.
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Which is not a career in the General Management pathway?
The option that is NOT a General Management Career Pathway is:
"Small Business Owner" (Option C). See further explanation below.
What is a Career Pathway?A Career Pathway is a sequence of planned and linked education programs and support services that allow students to move over time to better employment and higher levels of education and training, frequently while they are working.
To put it another way, Career Pathways is a workforce development method utilized in the United States to help employees move from education to and through the job.
Choosing a professional path is difficult and needs a comprehensive assessment of your talents, prospects, and objectives.
It is a competition for everyone to survive in the ever-increasingly competitive professional world, where a perfect move at the right moment may propel you to career pinnacles, while a poor move might sink you into the pits.
You may have possessed the necessary talents to advance, but you must use them correctly in order to succeed in your work.
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Full Question:
Which is not a career in the General Management pathway?
A) Business intelligence analyst
B) Director of market intelligence
C) Small business owner
D) Labor relations specialist
in which step of the strategic-management process does an organization establish the mission and vision statements?
An organization develops its purpose and vision statements in stage one of the strategic management process.
Strategic management is the creation and execution of significant goals and initiatives by the management of an organization on organization behalf of its shareholders (or owners). The formulation process often begins with an evaluation of the resources that are already available, a competitive environment analysis of the industry in which the company works, and an internal operations evaluation. A strategic management is subsequently developed to accomplish the targeted goals based on this comprehensive assessment. Implementing the developed strategy aims to direct and align the business with its primary goals.
A company can obtain a competitive edge over its competitors by organization lowering its production costs or differentiating its products. In addition to strategic management identifying all of the competitive advantages, it is crucial to consider the brand and company's market placement.
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firms operating in the same market, offering similar products, and targeting similar customers are:
Firms operating in the same market, offering similar products, and targeting similar customers are competitors.
The two concepts are separate, regardless of whether a customer is also a consumer. A consumer uses the items that a customer has purchased [5][1]. [6][7] Although an ultimate client might also be a consumer, it's equally possible that they bought goods for someone else to consume. A target market is a segment of customers within a company's serviceable available market that the company directs its marketing efforts and resources toward. This segment is also referred to as the serviceable attainable market (SOM). A segment of the overall market for a good or service is called the targeting market. The targeting strategy entails segmenting the market, selecting the most suitable segments, and deciding which items will be made available in each segment.
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to alleviate the complexity of a purchase decision, many firms use _______, which evaluates suppliers according to various types of performance.
Many businesses utilize vendor analysis, which rates suppliers based on a variety of performance metrics, to reduce the complexity of a purchase decision.
The required details for vendor analysis in given paragraph
The procedure that aids in selecting the best suppliers is vendor analysis. This is crucial since a company's success can be severely harmed by untrustworthy suppliers. Evaluate needs. Identifying your company's purchasing needs is the first step in the vendor analysis process. Finding the best vendor with the most return on investment is the aim of the vendor assessment process. The majority of businesses seek out suppliers who can provide goods and services on schedule and without defects (or as close to this ideal as reasonably possible).
Monitoring and analyzing a company's vendors' efficiency and dependability is known as vendor performance analysis.
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Match each of the following procedural steps to its appropriate chamber, indicating whether it occurs exclusively in the House, the Senate, or both
a. Senate only filibuster
b. House only processing by Rules Committee
c. House and Senate bill dies in committee
1. cloture vote
2. debate time allocated by bill sponsor
3. undergoes debate in subcommittee
A bill in both the house and the Senate dies in committee and is discussed in a subcommittee. The Senate is the only chamber to utilize a filibuster to block a cloture vote.
A rule establishing the "cloture" procedure, which enables a two-thirds majority to end a filibuster, was adopted by the Senate in the same year. From two-thirds of senators present and voting to three-fifths of senators present and voting, or 60 of the 100 senators, the Senate modified the requirement for cloture votes in 1975.
Bills may be divided up and sent to other committees in portions, or they may be referred to more than one committee. Committees may have time constraints imposed by the Speaker of the House. The calendar of the committee to which a bill has been assigned is updated.
The full committee receives the findings from the subcommittees. After the full committee has voted, the measure is "ordered to be reported." A "mark-up" session will be held by a committee where changes and additions will be made.
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What does the IRS stand for?
(1 point)
A.Internal Revenue Service
B. nternational Revenue Service
C. Internal Reward Service
D. Internal Revenue Society
Answer:
its A
Explanation:
hope this helps and Mark me
In the business case for pull-based production discussed in class, what determines the quantity of production produced by a work center?.
Consumer demand controls the volume of production produced by a work center in the business case for pull-based manufacturing we covered in class.
In a pull-based supply chain, distribution, production, and procurement are demand-driven rather than forecast-based. Products are produced in the required quantities and times.When there is minimal demand for a certain product or when the costs associated with handling excess inventory outweigh the benefits of maintaining a big inventory on hand, pull systems are typically used.A pull system is a lean manufacturing strategy designed to reduce waste in the production process. This type of technology enables enterprises to manufacture just the amount of items necessary to meet consumer demand because production-related parts are only replaced after they have been consumed.A great example of a pull system is just-in-time production. The core principle of JIT is to schedule the process such that materials arrive at the facility right when production is supposed to start, and production is scheduled to end right when the products are supposed to be transported to the client.As a result, under a pull system, the amount of production that a work center produces is determined by consumer demand.
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If the marginal propensity to consume is 0. 75, then a $100 increase in investment will result in a maximum increase in equilibrium real gross domestic product of?.
If the marginal propensity to consume is 0. 75, then a $100 increase in investment will result in a maximum increase in equilibrium real gross domestic product of $400.00.
What is investment?
A purchase made with the intention of generating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to use it as a source of immediate consumption, but rather as a tool for future wealth creation. An investment always involves the expenditure of some resource today—time, effort, money, or perhaps an asset—in the anticipation of a future return greater than the initial investment. For instance, an investor might buy a financial asset right away with the hope that it will generate income later on or that it can be sold for a profit at a higher price.
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a single-line rule across the bottom of the columns in a journal indicates that:
Answer: the column totals have been checked and are verified to be correct
Explanation:
In a journal, a single-line rule across the bottom of the columns denotes that the column totals have been examined and confirmed to be accurate.
What is a journal?The Journal.ie is an Irish online publication. It began with a mix of original and aggregated content before transitioning to purely original content. The website was established in early 2010.
A sort of expression used to parse variables found in one or more lines of text is the single-line rule (line pattern). To use the provided line patterns to detect and parse variables, the system uses line-pattern-matching syntax.
Therefore, a journal, a single-line rule across the bottom of the columns denotes that the column totals have been examined and confirmed to be accurate.
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esperanza has realized that she does not enjoy taking a taxi to work because there is substantial blank in the delivery of the service depending on who is driving her cab that day. multiple choice question. interference price differential intangibility inconsistency
In a case whereby Esperanza has realized that she does not enjoy taking a taxi to work because there is substantial inconsistency in the delivery of the service depending on who is driving her cab that day
What is inconsistency?Inconsistency can be described as the act or the behavior of the people that is been seen in them when they can not stand on their decision, or they can not take a decision and let it be.
It should be noted that in the case above he was unable to delivery his service as it was stated which implies that he is inconsistent.
Therefore, the last option is correct.
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what are the three properties of monopolist demand curves that differentiate it from other market structures
In monopolistic competition, prices are not determined by the forces of supply and demand. Firms sell similar but different products, so firms set prices.
A form of imperfect competition known as monopolistic competition pits a number of producers against each other while still offering goods that differ from each other and are therefore not exact substitutes. Edward Hastings Chamberlin, author of the seminal work Theory of Monopolistic Competition, is considered the "founding father" of the theory of monopolistic competition (1933). Aggregate market demand increases when more buyers are available. For example, if more people are able to buy yachts, the market and demand will grow.
Below are the different types of demand:
Demand is divided into the following categories: i. Individual and market demand; ii. Organization and demand of industry; iii. Autonomous and derived demand; iv. Demand for perishable and durable goods; and v. Short-term and long-term demand.
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What can help a firm extend its competitive advantage?
There are numerous ways for businesses to get a competitive advantage. Cost leadership, differentiation, and market segmentation are three popular and successful tactics that businesses have used to achieve success.
Cost leadership refers to bringing things to consumers at a lower cost. By improving operational efficiency, businesses can become cost leaders. If companies can cut overhead expenses in manufacturing, labor, resources, and every other area that goes into the production of their goods or services, they may be able to deliver the best value to consumers, which can enhance sales and customer loyalty.
Differentiation is the act of offering superior or one-of-a-kind products. Companies can achieve this through producing high-quality items, providing services faster than competitors, or conveniently and quickly reaching out to more people.
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a person who offers a facilitation payment in order to secure a contract that will keep their company from going bankrupt and laying off hundreds of employees is trying to secure the greatest good for the greatest number of people, making them a(n) .
A person who offers a facilitation payment in order to secure a contract that will keep their company from going bankrupt is an example of a utilitarian.
What Is a Utilitarian ?
An individual who adheres to utilitarianism is referred to as a utilitarian. These individuals might be labeled as cold, calculating, practical, and possibly selfish in today's world since they occasionally put their own enjoyment before the needs of others.
It has utilitarian value if a buyer purchases something only for that item's actual, calculable, and reasonable use. Any kind of sentimental or emotional valuation, psychological biases, or other considerations are excluded as a result.
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A large insurance company uses a typing test to select individuals to work in their data processing center. Measuring ____________ will tell them if the test measures applicants’ ability to type. Measuring ___________ tells them if high scores on the typing test correlate to good performance on the job.
As the firm uses a typing test to select individuals to work in their data processing center; by measuring the validity will tell them if the test measures applicants’ ability to type while measuring the reliability tells them if high scores on the typing test correlate to good performance on the job.
What is a typing test?Basically, a typing test refers to the practical test that measures your typing speed and accuracy while working with an actual passage of text. While this tests mat vary, we will most be given a set piece of writing and a set time to complete it within.
The test results will look at three scores which are:
number of words you can type per minute also known as WPM or words-per-minutenumber of errors you have made in the textadjusted words per minute which takes into account any errors you have made while typing.In conclusion, most data-based company uses these typing test to select an applicant to work in their data processing center or database centres.
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