Supply Chain Management is the management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers.
What is Supply Chain Management?Supply chain management is the process of managing the entire manufacturing flow of a good or service, from the procurement of raw materials to the delivery of the finished product to the client.
The process of organizing the numerous tasks required to produce and deliver goods and services to customers is known as supply chain management. A few examples of supply chain activities include designing, farming, manufacturing, packaging, and shipping.
The five elements of supply management are supply planning, production planning, inventory planning, capacity planning, and distribution planning.
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True or false: raw data without knowledge of the business context is still useful
Raw data without knowledge of the business context is still useful. This statement is false.
In most cases, the term "raw data" refers to data tables with each row containing an observation and each column denoting a variable that characterizes a characteristic of each observation. This type of data is also known as flat data, primary data, atomic data, clean data, and unit record data.
It is uncommon to save data in this format for purposes other than data analysis, despite the fact that it is often necessary for data analysis. This is because it is neither a space-efficient format nor an efficient format for data entry. Since it is deliberately created to be in this format, it is normally retrieved by extracting a data file that is in that format.
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Data privacy statements on an organization's website satisfy the __________ fair information practice principle.
Data privacy statements on an organization's website satisfy the notice/awareness fair information practice principle. The term "Fair Information Practices" refers to a set of eight guidelines for the use, collection, and privacy of data (FIPPs). After the Organization for Economic Cooperation and Development (OECD) published them in 1980, they were essentially adopted by most countries.
Even now, these concepts are significant and influential. They act as standards for how numerous businesses should manage personal data. Several of the ideas mentioned in the FIPPs are found in significant privacy frameworks including the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act.
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Under armour's recent expansion into the digital personal health and fitness tracking market through acquisitions of three fitness app companies is a ________ strategy.
Under Armour's recent expansion into the digital personal health and fitness tracking market through acquisitions of three fitness app companies is a Diversification strategy.
The process of diversification involves investing in a range of various assets. Diversification tries to lower an investment portfolio's overall risk without lowering its potential returns.Concentric diversification is the creation of new goods and services that are interchangeable with those you presently market. For instance, an orange juice company introduces a brand-new "smooth" orange juice beverage alongside their flagship orange juice "with chunks."What three benefits does diversity offer?Diversification lowers risks, evens out returns, and enhances portfolio performance over the long run.To Learn more about diversification, Click the links.
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Far ahead of her time, around 100 years ago, mary parker follett anticipated some of today's workplace trends, such as?
Self-managed teams and worker empowerment is the today's workplace trends which was anticipated by Mary Parker Follett theory of management far ahead of her time, around 100 years ago.
What is Mary Parker Follett theory of management ?
Follett's organizational theory is focused on the individual as well as how autonomy can encourage workers to collaborate. Follett drawn attention to a people-oriented management approach much earlier than most.
Follett approached management theory from a unique perspective. She started working as a social worker in one of Boston's less wealthy neighborhoods not very long after she graduated. Follett began to organize social and educational organizations after realizing the negative effect that a lack of community space is having on those nearest to her. This marked the beginning of her exploration into group dynamics.
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_____ is a labor system based on detailed study of work tasks intended to maximize efficiency and profits for employers
High performance is a labor gadget based on a detailed observation of work responsibilities supposed to maximize efficiency and income for employers.
Labor is the quantity of bodily, intellectual, and social effort used to provide goods and offerings in an economy. hard work is the effort that human beings make contributions to the production of goods and offerings. labor resources consist of the paintings finished by the waiter who brings your meals at a neighborhood restaurant in addition to the engineer who designed the bus that transports you to high school.
Labour is the essential and active aspect of manufacturing Labour has a critical contribution to the manufacturing of commodities. Labour is the exertion of mind and body undertaken with a view to some goods apart from the pride directly derived from the work.
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The key question examined by strategic management is ________
The key question examined by strategic management is: Why do some succeed. The correct option is B.
The Strategic management is the procedure of planning, application, and analyzing strategies in order to achieve the long-term objectives and goals of an organization.
It involves analyzing the overall factors internal and external environment, planning and taking decisions, and then doing allocation of resources to put the organization in a competitive and sustainable position.
The strategic management monitors and assess the progress and effectiveness of the question that why do some succeed.
Thus, the ideal selection is option B.
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The complete question might be:
The key question examined by strategic management is ________ select one: a. why do some firms fail?
b. Why do some succeed?
Statistics describes a set of ______ that are used for describing, organizing, and interpreting information.
Statistics describes a set of Tools and techniques that are used for describing, organizing, and interpreting information.
Statistics provided different tools and techniques to organize, describe and interpret the information. These tools and techniques are described briefly below:
Organizing: In the statistics, tools and techniques used for organizing,data organization is the process of categorizing and classifying data that is more usable. Its arrange the data in sequence so that we can easily read and work. It is difficult to work and analyze on raw data. We need to organize data and represent them in proper away.Describing: In the statistics, tools and techniques used for describing data into easy way to understand. The types of describing data are mean, median and mode. Interpreting: In the statistics, tools and techniques used for interpreting are used to describe a sample in single value the midpoint of the data. The nature of goal and interpreting is vary from business to business.You can learn more about statistics at
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In the communication process, a receiver assigns meaning to the symbols encoded by a company in its advertisements through a process known as:_________
Decoding is the phase of communication where the receiver gives meaning to the signals encoded by the sender.
Communication is a two-way process where the message is conveyed between two or more people in the form of ideas, emotions, feelings, and opinions with the aim of establishing a common understanding. Simply put, communication is the process of transferring intentional knowledge and comprehension from one person to another. The process of communication is dynamic and starts with the sender thinking thoughts. The sender then sends the message to the receiver through a channel, who then responds with a message or signal within the allotted time limit.
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When goods are delivered to a buyer via a common carrier, such as a trucking line, it is known as ________.
When goods are delivered to a buyer via a common carrier, such as a trucking line, it is known as a common-carrier delivery contract.
What is a common carrier?A common carrier is a person or business that transports products or people on behalf of another person or business and is liable for any potential loss of the goods during the course of the transportation. In some civil law systems, a common carrier is referred to as a public carrier. A regulatory body that typically has been given "ministerial authority" by the legislation that created it issues a common carrier with a license or other authority to provide its services to the general public. As long as it stays within the parameters of the enabling legislation, the regulatory body is free to formulate, interpret, and enact regulations against the common carrier (subject to court review).
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The ________ refers to the medium that carries the message for a firm, such as a salesperson, advertising media, or public relations tools.
The channel of communication refers to the medium that carries the message for a firm, such as a salesperson, advertising media, or public relations tools.
What is Advertising media?
The term "advertising media" refers to a broad range of promotional outlets. Brands connect with potential consumers via a variety of advertising platforms. Utilizing the best channel may boost revenue and build enduring relationships with customers. Each brand must prioritize advertising media. Between a brand and its customers, each channel serves as a middleman. Discovering the ideal channel enables firms to successfully market their goods, explain their worth, and preserve reliable connections with the target market.
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An organization looking for general agreement on ethical practices might take what step?
An organization looking for general agreement on ethical practices might: establish an ethical code of conduct.
What is establish an ethical code of conduct?Ethical code of conduct can be defined as a set of guidelines, policy, rules and regulation that a person is expected to follow and abide by in an organization.
This code of conduct enables us to know the organization norms and values as well what is right and what is wrong which in turn means that it enables us to know the right things to do and thing to to avoid.
The code of conduct encourage ethical act which is to be honest and to have integrity among others and as well discourage unethical behavior in an organization which is why most organization has ethical code of conduct that enables their employee or workers to known the ethical ways they should behave.
Therefore an organization looking for general agreement on ethical practices might: establish an ethical code of conduct.
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The adjusting entry for a deferred revenue includes a debit to a(n)___ account and a credit to a(n)_____ account.
The adjusting entry for a deferred revenue includes a debit to a(n) Liability account and a credit to a(n) Revenue account.
What is Deferred revenue ?
On a company's balance sheet, deferred revenue is a liability that represents a prepayment made by customers for products or services that haven't yet been provided.As soon as the product or service is provided to the customer, deferred revenue is recognised as earned revenue on the income statement.The deferred revenue account is used in accordance with GAAP's conservative accounting principles.The business can owe its consumer money back if the good or service is not provided as expected.When a corporation receives an advance payment, deferred revenue is recorded as a liability on the balance sheet. This is so that it can fulfil its contractual commitment to provide the goods or services due to the client.To know more about Adjusting entries visit:
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The document that an advertising agency's creative department uses to guide the development of advertising ideas and concepts is known as the?
The document that an advertising agency's creative department uses to guide the development of advertising ideas and concepts is known as the Creative brief
What is Advertising Agency's?
Similar to a tailor is an advertising agency. It develops the advertising, arranges for their distribution in terms of when, where, and how, then gives them to the client. Most advertising agencies are independent of any institutions. To sell the clients' products, these agencies put in all of their effort. They employ a team of specialists in their specialised industries, assisting businesses or organisations in quickly and easily reaching their target audience. William Taylor opened the first advertising agency in 1786. James "Jem" White opened the second in London in 1800, and Reynell & Son opened the third in 1812.
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An evaluation and management (e/m) code is used to report removal of a(n) ________ accessible stent when imaging guidance is not used.
a. endoscopic
b. internally
c. externally
d. stoma
An evaluation and management (e/m) code is used to report removal of a(n) externally accessible stent when imaging guidance is not used. Thus, option (c) is correct.
What is management?
The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession.
When the guidance is not used, the evaluation and management (e/m) is the coding system to the externally assessable. It was the system as it related to health. The guidance was not too used.
Therefore, option (c) is correct.
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Identify the necessary ingredients of virtuous, level iii, stage 6 moral leadership.
Identify the necessary ingredients of virtuous, level iii, Motives; means; consequences
What is Moral leadership?
A leader who practises moral leadership does so in a way that upholds high moral standards, selflessness, and integrity. A built-in ethical framework and moral purpose direct decision-making in moral leadership. Moral leaders seek to lead and inspire others by setting an example and establishing moral goals. They are self-disciplined, caring, and responsible. A healthy organisational culture is fundamentally based on proper workplace ethics. A company that has an established code of ethics has the benefits of motivated staff and improved performance. Business executives who act ethically transition to moral leadership. In professional ethics, moral leadership places a strong emphasis on integrity, dependability, and honesty. Such a leader doesn't misuse their position; they are fair, impartial, and willing to put the needs of the company before their own.
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The common element of the nation's answers to those key economic questions has been?
The common element of the nation's answers to those key economic questions has been a centralized authority assuming responsibility for addressing them.
Economics can be defined as the study of how individuals, businesses and governments make choices in allocating resources to meet their needs. These groups determine how resources are and how they are organized and coordinated to achieve maximum results. They are mostly concerned with the production, distribution and consumption of goods and services.
The economy is divided into two important parts, namely: Macroeconomics & Microeconomics
Microeconomics can be defined as the study of decisions made by people and businesses regarding the allocation of resources and the prices of goods and services.Macroeconomics can be defined as a branch of economics that describes a substantial pictureYou can learn more about Economics here brainly.com/question/28208676
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The tendency of the return on stockholders' equity to vary disproportionately from the return on total assets is because of:________
A metric of financial performance known as return on equity (ROE) is obtained by dividing net income by shareholders' equity. ROE is referred to as the return on net assets since shareholders' equity is determined by subtracting a company's debt from its assets.
The tendency of the return on stockholders' equity to vary disproportionately from the return on total assets is because of ROE. Return on assets (ROA) is a metric for gauging how effectively a business uses its assets to make money. ROA is a metric that managers, analysts, and investors use to assess a company's financial standing.
Because the business may make more money with a less investment, the higher the ROA number, the better. Simply put, a higher ROA translates into greater asset efficiency.
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Suppose the two states decide that they want to produce 590 units of wheat together (not 590 units of wheat each). what is the maximum amount of cotton that they could produce?
Suppose the two states decide that they want to produce 590 units of wheat together (not 590 units of wheat each).
630 units of cotton are the maximum amount of cotton that they could produce
This is further explained below.
What is cotton?A substance that is often fluffy, soft, and white in color. It is produced from the tangled hairs that surround the seeds of a tall plant that grows in warm climates and may be spun into thread or yarn.
Wheat is grass that is mostly grown for the cereal grain that comes from its seed. Wheat is a staple meal all throughout the globe.
The genus Triticum is comprised of many different species of wheat; nevertheless, common wheat is the one that is cultivated the most.
In conclusion, Let's say that the two states come to the conclusion that they wish to collaborate on the production of 590 wheat units (not 590 units of wheat each).
They were only capable of producing a maximum of 630 units of cotton out of an entire crop of cotton.
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The basis of strategic position through serving few needs of many customers is known as:_______
The basis of a strategic position by serving only a few needs of many customers is known as strategy.
The creation of a unique & valuable position is called strategy. This strategic position can be created through three sources. The first one is a few needs, many customers. the second one is by having broad needs and few customers and the third one is by having broad needs, and many customers.
Strategy requires a type of competing for the strategic position known as Trade-Offs competing. This requires the company to focus only on a few compatible strategies. With this method, the company will not follow more general strategies but focus its attention only on a specific strategy. So the company will try to implement a system that is independent and reinforces each of its activities.
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If fixed costs are $400,000 and the unit contribution margin is $20, how many units must be sold in order to realize an operating income of $250,000?
a. 45,000
b. 32,500
c. 7,500
d. 20,000
In order to generate an operational profit of $250,000 with $400,000 in fixed expenditures and a unit contribution margin of $20, 32,500 units must be sold.
$400,000 / $20 = 20,000 units for break-even, which is calculated as fixed costs minus contribution margin. Break-even plus desired income equals ($400,000 + $250,000) / $20 = 32,500. Contribution margin equals (fixed costs + desired operating income).
What kinds of expenses are examples?
The full cost of a commodity or service is known as an expenditure. For instance, a business might invest $10 million in a piece of machinery that it expects to last only five years. This would be seen as a $10 million capital expense.
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Atlantic+bank+is+required+to+hold+10%+of+deposits+as+reserves.+if+the+central+bank+increases+the+discount+rate,+how+would+atlantic+bank+respond?
In this case the Atlantic bank will respond by increasing its bank reserves.
Bank reserves is the minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards . The purpose of the cash reserve regulations is to make sure that every bank has enough cash on hand to handle any significant and unforeseen demand for withdrawals.
The federal discount rate is the interest rate that the Federal Reserve bank charges banks to borrow money from it.
A higher discount rate makes it more expensive for banks to borrow, which reduces the amount of money available and reduces investment activity. In contrast, a decline in the discount rate lowers the cost of borrowing for commercial banks, which increases the amount of credit that is accessible and lending activity across the economy.
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Managers should make changes only when they are absolutely necessary, should announce them well in advance, and should implement the changes gradually. this is referred to as:__________
Changes should only be made when they are absolutely essential, announced well in advance, and implemented progressively by managers. Facilitation is the term used to describe this.
There is a tendency toward managers and team members gaining facilitation abilities so they can use them in meetings and conversations, even though facilitators are often not members of the group because they must maintain objectivity. By definition, managers who play the facilitator function are not impartial. However, managers can guide teams in handling change and achieving work-related objectives by providing facilitation. In particular, managers act as facilitators by setting clear expectations for the work to be done, monitoring the team's workflow to boost productivity, and managing boundaries that might impact the team's work.
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Think of a futuristic business. Then identify the level and type of production that it would undertake. W/ all relevant information.
Give a description of the business.
The futuristic business would be a robot selling business, the business would produce robots that will help the individuals in their household work.
What is Business?A business is an idea of trade, the individual starts a business to earn profits by investing capital. The business have major four heads, capital, assets, liabilities and income.
The futuristic business idea would be the production of robots which will be produced by robots itself that is machines in a factory, however the robots will be customized as per the customer requirements and the actions required will be embedded in the robot system.
The robots will help the individuals in their household work, it will cook, clean the house, take out trash and more. The robots will be made at a large scale and the customization will be required on the system only.
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Supply is said to be ____________ when the quantity supplied is very responsive to changes in price.
Supply is said to be more elastic when the quantity supplied is very responsive to changes in price.
What is Price elasticity?
The quantity demanded of a good or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.Perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary are the five major categories into which elasticities can be effectively categorised.Price elasticity quantifies how responsively a good's supply and demand are to changes in price. It is calculated by dividing the percentage change in quantity provided (or required) by the percentage change in price.Price elasticity of demand is a measurement of the change in consumption of a product in relation to a change in its price.To know more about Price elasticity visit:
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If doubling all inputs increases output by 70 percent, what can you conclude about the shape of the long-run average cost curve?
We can conclude that the long-run average cost curve is going downwards.
What do we mean by long-run average cost curve?The long-run average cost curve depicts the long-run cost of producing each quantity when the firm can choose its amount of fixed costs and thus which short-run average costs it prefers. The long-run average cost curve depicts the long-run total cost of producing a given level of output.When the scale of production is increased, average costs fall, production becomes more efficient, and a company's market competitiveness improves. This can result in lower prices as well as higher profits, which can benefit both consumers and producers—this is known as a positive-sum game.As, it is given in the description itself that when the scale of production is increased, average costs fall, production becomes more efficient, and a company's market competitiveness improves.
We can conclude that the long-run average cost curve is going downwards.
Therefore, we can conclude that the long-run average cost curve is going downwards.
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Many new businesses require that an entrepreneur have a certain set of knowledge, experiences, and skills to have any chance of success. this is called entrepreneurial ________.
Many new businesses require that an entrepreneur have a certain set of knowledge, experiences, and skills to have any chance of success, this is called Entrepreneurial Readiness.
Entrepreneurial Readiness: Entrepreneurial readiness is the capacity to deal with difficulty, particularly difficult circumstances that are unexpected, severe, and occasionally persistent.
Benefits of being an entrepreneur:
1)A flexible timetable.
2)Having freedom.
3)opportunity to develop a career in line with your values.
4)continued development and expansion.
5)improved managerial skills.
6)Growth in the economy.
7)Increasing the quality of life.
8)locating like-minded individuals.
Many new businesses require that an entrepreneur have a certain set of knowledge, experiences, and skills to have any chance of success, this is called Entrepreneurial Readiness.
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The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that:_____
The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that at year's end, the accounts are modified to reflect the proper balances.
What is a balance sheet?A declaration that depicts the company's financial situation is the balance sheet. After preparing the trading and profit and loss accounts, it records the business's assets and liabilities at the conclusion of the accounting period.
‘Not-for-Profit’ Organizations create balance sheets to assess the financial standing of the business. Similar to how to trade corporations prepare their balance sheets, so do individuals. It shows assets and liabilities as of the year's end. The right side of the chart shows the assets, while the left side shows the liabilities. But in place of the capital, there will be a general fund or capital fund, and any surplus or deficit determined by the income and expense account is either subtracted from or added to the capital fund, depending on the situation. It is customary to include some subsidized goods, such as entrance fees, bequests, and life membership fees, directly in the capital fund.
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An extreme, life-threatening, systemic reaction that may include shock and respiratory failure is known as what?
Anaphylaxis is a severe, sometimes fatal, systemic reaction that can cause shock and respiratory failure.
Anaphylaxis
Anaphylaxis is a potentially lethal condition that receives insufficient attention and care. The failure to recognize that anaphylaxis is a much more extensive syndrome than "anaphylactic shock" and that the goal of therapy should be early recognition and treatment with epinephrine to prevent progression to life-threatening respiratory and/or cardiovascular symptoms and signs, including shock, may be partially to blame.
Your immune system overreacts to an allergen when you have an allergy, releasing substances that lead to allergy symptoms. These unwelcome symptoms typically affect just one part of the body. However, some people can experience an anaphylactic reaction, which is far more serious.
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Consider the market for new dvds. If dvd players became cheaper, buyers expected dvd prices to fall next year, used dvds became more expensive, and dvd production technology improved, then the equilibrium price of a new dvd would.
Then the equilibrium price of a new DVD would
Could rise, fall, or remain unchangedIn financial matters, monetary harmony is what is going on in which financial powers, for example, organic market are adjusted and without outer impacts the upsides of financial factors won't change.
What happens when cost is at balance?Harmony is the state wherein market organic market balance one another, and subsequently costs become steady. By and large, an over-supply of labor and products aims costs to go down, which brings about more popularity — while an under-supply or lack makes costs go up bringing about less interest.To learn more about equilibrium price click the links.
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An investment adviser representative may describe dollar cost averaging to a customer as:______
To buy a certain security using dollar cost averaging, an investor must make regular payments (let's say monthly) of a set dollar amount (let's say $100 per month).
What is dollar cost averaging?The practice of investing a set dollar amount on a regular basis, independent of the share price, is known as dollar cost averaging. It's a terrific method to form a disciplined investing habit, increase your investment efficiency, and possibly reduce your stress—as well as your expenses.
Say you put $100 away each month. Your $100 will buy fewer shares when the market is up, but more shares when the market is down. While compared to what you would have paid if you had purchased all of your shares at once when they were more costly than the average, this technique may eventually lower your average cost per share.
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