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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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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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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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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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:
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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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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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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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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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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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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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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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Explains why a company would implement a bpr strategy?
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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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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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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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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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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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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