To decide how much an insurance policy should cost a customer, underwriters use ________, such as historical industry trends and loan characteristics, to predict risk levels.Multiple Choiceseasonal trendsdiagnosticsdata analyticslogistics
Answers
When deciding the cost of an insurance policy being applied to the customer, then the underwriting experts used the concept of data analytics.
Option C is the correct answer.
What is underwriting?Underwriting is the act where the underwriters confirm the loan approval after analyzing the debt, income, and assets of the borrower.
The concept of data analytics is one of the processes applied to analyze the data along with collection and modeling. it helps the underwriters to figure out the conclusions based on the trends and patterns of the data.
Therefore, data analytics is the tool that underwriters used to compute the cost of insurance policy for the customer.
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Related Questions
Anitra purchased 100 shares of Pfizer in September of 2010 at $16.51 per share. She sold the stock four years later at a price of $30.22 per share. Anitra has realized _______ of $1,371.
Answers
Anitra purchased 100 shares of Pfizer in September 2010 at a cost of $16.51 per share. After four years, she sold the stock at a price of $30.22 per share. Anitra's realized gain is $1,371.
Let's now discuss how to compute this gain:Calculation of the gainRealized gain or loss is the difference between the selling price and the acquisition price.
We can use this formula to compute the realized gain in this example:Realized gain = (Selling price - Acquisition price) x Number of sharesRealized gain = ($30.22 - $16.51) x 100Realized gain = $13.71 x 100Realized gain = $1,371Answer:Anitra has realized a gain of $1,371.
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Looking at your Personal Fact Sheet, do you see any areas that may need improvement? In which areas do you have the most room for growth? How could you bolster those areas?
(Careers Class)
Answers
A person fact sheet is a sheet that itemizes the facts about various areas of your life.
How do you evaluate your Personal Facts?Having looked at the various areas of your life as itemized in the Personal Fact Sheet, you can identify areas that need improvement. An example could be as follows:
Academic performanceQuality of Impact on societyQuality of Education.Having identified the areas that need improvement, you can look at the various ways of improving them such as:
Becoming more committed to your goalsReaching out for mentoringManaging your time more effectively.For more about personal fact sheets, see the link below:
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_________ is a communication standard that enables business partners to exchange routine documents electronically, however _____________________ is a major disadvantage
Answers
Answer:EDI
Explanation: I don’t know the second but the first one is 100% EDI
60 points please help
Review Questions
1. What is logistics?
2. What is hospitality? What is one career in hospitality?
3. What are three locations or sites that people in hospitality or tourism careers work?
4. If you were an innkeeper, what would do for work?
5. What is mobile equipment maintenance?
Critical Thinking Questions
1. Imagine you want to become a chef and restaurant owner. What education and skills would you need?
2. Think about a city bus system. What goes into getting buses where they need to be on time to get people where they need to be?
3. Imagine that you run an amusement park. You have to hire people to work in your park. What skills or characteristics would you look for? Why?
4. Why are transportation jobs important?
5. If you were putting together a bus route in your town, what would you need to think about to make it run well?
Answers
Answer:
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.
Units Price Beginning Inventory 100 50 1st Purchase 100 60 2nd Purchase 100 70 3rd Purchase 100 80 Ending Inventory 150 What is COGS using average cost? FIFO? LIFO?
Answers
The cost of goods sold is calculated by using the average cost, FIFO, and LIFO methods. The question mentions units, price, beginning inventory, first, second, and third purchase prices, and ending inventory. Using average cost:
Average cost is calculated by dividing the total cost of goods available for sale by the total number of units available for sale.
The average cost of each unit is then multiplied by the number of units sold to determine the cost of goods sold.The formula for average cost is:
Average cost = Total cost of goods available for sale / Total units available for sale
Average cost calculation:
Total cost of goods available for sale = (100 x 50) + (100 x 60) + (100 x 70) + (100 x 80) = $24,000
Total units available for sale = 100 + 100 + 100 + 100 + 150 = 550
Average cost = 24,000 / 550 = $43.64COGS using average cost = $43.64 x 400 (number of units sold) = $17,456
Using FIFO:
FIFO (First-in, First-out) is a method that assumes that the first items purchased are sold first. The cost of the first units purchased is the cost of goods sold.
Using FIFO, we can calculate COGS as follows:
First purchase = 100 units x $60/unit = $6,000
Second purchase = 100 units x $70/unit = $7,000
Third purchase = 100 units x $80/unit = $8,000COGS using FIFO = $6,000 + ($70/unit x 100 units) = $13,000
Using LIFO:
LIFO (Last-in, First-out) is a method that assumes that the last items purchased are sold first.
The cost of the last units purchased is the cost of goods sold.
Using LIFO, we can calculate COGS as follows:
Third purchase = 100 units x $80/unit = $8,000
Second purchase = 100 units x $70/unit = $7,000
Remaining units sold = 100 units - (100 units + 100 units) = -100 units (negative means excess inventory)
COGS using LIFO = $8,000 + $7,000 = $15,000
Therefore, the cost of goods sold using average cost, FIFO, and LIFO is $17,456, $13,000, and $15,000 respectively.
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Which of the following is true of the periodic inventory method but not the
perpetual method?
A. A physical inventory count is only done to address an error.
B. The Inventory account is adjusted at the end of the accounting
period.
C. The Inventory account balance changes constantly due to debits
and credits.
D. The Inventory account is credited for the cost of the items sold.
Answers
The Inventory account balance changes constantly due to debits and credits the following is true of the periodic inventory method but not the perpetual method. The correct option is C.
Who uses a perpetual inventory system?The perpetual inventory accounting method, for example, is commonly used in grocery stores. This method is not required for a field service company that sells very few items of stockpile on a monthly basis and generates the majority of its revenue from services.
The periodic inventory system measures inventory levels and the cost of goods sold with an occasional physical count. The perpetual system continuously monitors inventory balances, with updates occurring automatically whenever an order is shipped or sold.
Thus, the ideal selection is option C.
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Materials management includes the job of purchasing. In any industry, purchase refers to the acquisition of necessary equipment, materials, tools, and parts. The relevance of the buying function varies depending on the industry and its size. This duty is performed by the works manager in small businesses, and by a distinct department in major manufacturing companies. As soon as a purchaser places an order he/she commits a substantial portion of the finance of the corporation which affects the working capital and cash flow position. He/she is a highly responsible individual who interacts with many salespeople and can thus be deemed to have contributed to the company's public relations efforts.
In the context of the above statement, recommend a process of receiving goods that Walmart's Cambridge Foods would adapt to improve its client quality specifications. Use relevant examples to justify your proposition.
Answers
Materials management entails organizing, directing, and controlling all activities concerned with obtaining materials, materials handling, and physical distribution of finished products. The receiving process is crucial since it helps to check the quality of the goods ordered.
Moreover, they will ensure that the items are in good condition, that there are no damaged items, and that they are the same as the ordered ones. Walmart's Cambridge Foods should consider developing a quality manual that outlines quality control procedures that the company should follow when checking the quality of goods delivered.
The manual should include the inspection procedure to follow, the checks to carry out, and the standard requirements the delivered products must meet before they are accepted. The manual can help streamline the receiving process and ensure that all quality checks are followed before the items are accepted.
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what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answers
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.in identifying market segments, thermos combines geography, demographics, and lifestyle measures. this mixture of segmentation schemes is called multiple choice psychographics. vals. geodemographics. positioning. segment mixing.
Answers
The mixture of segmentation schemes that Thermos uses, which combines geography, demographics, and lifestyle measures, is called "geodemographics". So the correct option is B. .
Geodemographics is a method of market segmentation that uses a combination of geographic and demographic information, as well as information on the lifestyles and behaviors of consumers, to identify distinct groups within a population. By understanding the unique characteristics and preferences of different geodemographic segments, companies like Thermos can develop more targeted marketing strategies and better meet the needs of their customers.
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va-guaranteed mortgages are very much like fha-insured mortgages except they
Answers
VA-guaranteed mortgages and FHA-insured mortgages are similar in some ways, but they also have some differences.
The main difference between VA-guaranteed mortgages and FHA-insured mortgages is the entity that provides the guarantee or insurance.
VA-guaranteed mortgages are loans that are guaranteed by the Department of Veterans Affairs (VA). These loans are available to eligible veterans, active-duty service members, and certain surviving spouses. The VA guarantee provides lenders with a level of protection against default, which allows them to offer more favorable terms to borrowers, such as lower interest rates and reduced down payment requirements.
On the other hand, FHA-insured mortgages are loans that are insured by the Federal Housing Administration (FHA), which is a part of the Department of Housing and Urban Development (HUD). FHA-insured mortgages are available to a broader range of borrowers, including first-time homebuyers and those with lower credit scores or limited down payment funds. The FHA insurance protects lenders against losses in case of borrower default, making it possible for lenders to offer more lenient qualification criteria.
In summary, while both VA-guaranteed and FHA-insured mortgages provide benefits to borrowers and lenders, the key difference lies in the entity providing the guarantee or insurance: the VA for VA-guaranteed mortgages and the FHA for FHA-insured mortgages.
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3rd question is: what is marilyns net annual salary
Answers
Answer:
1. Net monthly pay = $ 3274. 27
2. Net Annual Salary = $ 39291.4
Explanation:
The total deductions from the salary
$ 79.20 + $ 343.21 + $ 528.01 + $ 290.41 + $ 245 + $ 520 = 2005.83
Monthly Net Pay = Gross pay – Deductions = 5280.10 – 2005.83 = $ 3274. 27
Net Annual Salary = Net Monthly Pay * 12 = $ 39291.4
1. Net monthly pay = $ 3274. 27
2. Net Annual Salary = $ 39291.4
People in finance work mostly with:
A.Insurance
B.Products
C. Information
D.Money
Answers
Answer:
d
Explanation:
believe it or not I actually did this same exact question
Answer:
D. Money
Explanation:
I just took the test
Now that you know something about planning, join the discussion to explain how you would go about implementing a strategic plan. What might your obstacles be? How would you overcome them? Remember, spelling and grammar count!
Answers
Answer:
I will utilize the strategy of the business model canvas.
Explanation:
The business model canvas is designed to reflect and prospect the future of the strategic plan of the business while also communicating systematically and strategically the focus on each business segment to each department as reflected in the question.
The areas of the business a business model canvas that will be focused on will include:
Key Partners, key activities, value proposition, customer relationship, customer segment , key resources, distribution channel, cost structure, and revenue stream.
The different section of the business model canvas that have been stated above when strategically discussed will address the need of every concerned department and party involved in the business plan and growth and will also address the diverse audience.
Explanation:
Hope this helps:) Also you answered my secrets question. I GAVE YOU BRAINLIEST L.M.A.O
Answer:
Ohayo!
Explanation:
In one or two sentences, explain why people will do less of an activity when the marginal costs are greater than the
marginal benefits.
Answers
Answer:
Marginal cost is defined as the additional cost incurred in adding a unit of product or service.
Marginal benefit is defined as the additional satisfaction or utility that the individual receives from consuming the added unit of product or service.
In every endeavor, we weigh the benefit and cost of a certain product, course of action or service. We aim to get the most out of every product or decision. We are driven to reach maximum profit at a minimum cost. Thus, when the marginal cost is greater than the marginal benefit, people will do less of an activity because it is not profitable.
Explanation:
6.If your company matches 75 cents on the dollar, and you contribute $200 a paycheck, how much will your employee match?
PLZ HELPPP I DONT UNDERSTAND THIS
Answers
Answer:
Your employee match will be 0.75 x 200
so only around $17.5
urgent please help!!!!! The Accounts Receivable balance for Company at December 31, 2023 was 29000 . During ,2024 the company earned revenue of 462000 on account and collected 324000 on account. the company wrote off 6000 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 2% of accounts receivable.
A. Assume the company had an unadjusted 2600 credit balance in Allowance for Bad Debts at 31, . Journalize 's the company's December 31, 2024 , adjustment to record bad debts expense using the percent-of-receivables method.
B. Assume the company had an unadjusted 1900 debit balance in Allowance for Bad Debts at December 31, 2024 . Journalize 's the company's December 31, 2024 , adjustment to record bad debts expense using the percent-of-receivables method.
Answers
A) The journal entry using the percent-of-receivables method is as follows:
Debit Bad Debts Expense $6,620
Credit Allowance for Uncollectible accounts $6,620
B) The journal entry using the percent-of-receivables method is as follows:
Debit Bad Debts Expense $11,120
Credit Allowance for Uncollectible accounts $11,120
What is the percent-of-receivable method?The percent-of-receivable method is one of the methods for making allowances for uncollectible accounts. Other methods include using an estimated percentage of the sales revenue and aging the accounts receivable
This method uses an estimated percentage of the receivables at the end of the financial period to compute the ending allowance for uncollectible accounts.
Data and Calculations:
December 31, 2023:
Accounts receivable
Beginning balance = $29,000
Revenue for 2024 = 462,000
Cash collected = (324,000)
Accounts written off = (6,000)
Ending balance $161,000
Allowance for uncollecdtible accounts = 2% or $3,220 ($161,000 x 2%)
A) Allowance for uncollectible accounts:
Beginning balance = $2,600 (credit)
Accounts written off (6,000)
Ending balance (3,220)
Bad debts expense = $6,620
Transaction analysisBad Debts Expense $6,620 Allowance for Uncollectible accounts $6,620
B) Allowance for uncollectible accounts:
Beginning balance = ($1,900)
Accounts written off (6,000)
Ending balance (3,220)
Bad debts expense = $11,120
Transaction AnalysisBad Debts Expense $11,120 Allowance for Uncollectible accounts $11,120
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What does making a good decision mean?? How can I make a good decision?
Answers
Answer:
A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.
Ways to make good decision:
Set Aside Time to Reflect on Your MistakesStop Thinking About the ProblemFrame Your Problems In a Different WayIdentify the Risks You TakeTake Note of Your OverconfidenceTalk to Yourself Like a Trusted FriendLabel Your EmotionsAcknowledge Your ShortcutsConsider the OppositeAnalyzing Credit Card Offers Answer Questions 1-4 pls
Answers
Offer #1 has the lowest annual fee as it has none.
Offer #3 has the best introductory rate as it has 0% APR for 15 months.
Offer #1 has the lowest interest rate as it has not been provided with an APR.
Offer #1 would be the best for someone who carries a balance as it has no annual fee, and the APR has not been provided. This means that the interest rate for the card will likely be lower than the other two offers. However, if the individual is looking for a rewards program, Offer #2 may be a better choice as it offers 3% cash back on all purchases.
However, if the person is planning to make a large purchase and pay it off within the introductory period, then Offer #3 with 0% APR for 15 months and 3% cash back on all purchases might be a better option.
It is important to note that these credit card offers have other terms and conditions that should be carefully considered before making a decision, such as the credit line, late fees, and rewards program. The individual's spending habits, credit score, and financial goals should also be taken into account when choosing a credit card.
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What is insurance?
ANSWER PLSSS
Answers
Answer:
is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement
Explanation:
Why are environmental and social sustainability important issues for a responsible organisation? Illustrate your answer with case examples, theories and concepts
Answers
Environmental and social sustainability are important issues for a responsible organization because they contribute to long-term success, stakeholder trust, and positive societal impact.
Environmental and social sustainability are crucial for responsible organizations due to several reasons. Firstly, incorporating sustainable practices helps organizations mitigate environmental risks and reduce their ecological footprint. By implementing measures such as energy conservation, waste reduction, and responsible sourcing, companies can minimize their negative impact on the environment. This not only helps protect natural resources but also fosters a positive brand image and strengthens relationships with environmentally conscious consumers.
Secondly, social sustainability entails ensuring fair treatment of employees, promoting diversity and inclusion, and supporting the communities in which the organization operates. By prioritizing social well-being, responsible organizations build stronger relationships with their workforce, leading to increased employee satisfaction, productivity, and retention. Moreover, actively engaging with local communities through initiatives like philanthropy, volunteerism, or partnerships enhances the organization's reputation and strengthens its social license to operate.
Furthermore, addressing environmental and social sustainability aligns with the expectations of stakeholders, including customers, employees, investors, and regulators. In recent years, there has been a growing demand for sustainable products and services, as well as increased scrutiny of companies' social and environmental practices. Organizations that neglect these issues risk reputational damage, loss of customers, and potential legal and regulatory consequences.
Case examples, such as Patagonia, a renowned outdoor apparel company, exemplify the importance of environmental sustainability. Patagonia has implemented various initiatives to reduce its carbon footprint, promote sustainable materials, and support environmental conservation projects. These efforts have not only earned the company a loyal customer base but also strengthened its brand as a leader in sustainability.
Similarly, Starbucks has prioritized social sustainability by implementing fair trade practices, promoting diversity and inclusion, and investing in ethical sourcing. These actions have positively impacted the company's reputation and helped attract and retain a diverse and talented workforce.
In summary, environmental and social sustainability are crucial for responsible organizations as they contribute to long-term success, stakeholder trust, and positive societal impact. By integrating sustainable practices, companies can mitigate environmental risks, enhance their brand image, build stronger relationships with stakeholders, and ensure a more equitable and sustainable future.
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Use what you have learned about long-term investments to answer these questions. Long-term investments tie up money for. One reason why individuals focus on long-term investments is to save for. A(n) allows both employees and employers to contribute to a retirement plan.
Answers
Answer:
With Merrill, you determine the level of guidance we provide. Depending on your comfort level, you may choose to invest solely online, or you may want the added advice of an advisor. Use the chart to help you decide.
Online
Tools and an investment strategy aligned to your goal
Online with an advisor
One-on-one help to define and pursue your goal
Explanation:
pls points
1. more than one year
2. retirement
3. 401(k)
Explanation:
ON EDGE
What show type options are available for PowerPoint presentations? Check all that apply.
Browsed by an Individual (Kiosk)
Browsed at a Kiosk (Full Screen)
Browsed at a Laptop (Full Screen)
Browsed by an individual (Window) O Presented by a Speaker (Full Screen)
Answers
Answer:
Browsed by an individual (Window)
Browsed at a Kiosk (Full Screen)
Presented by a Speaker (Full Screen)
Explanation:
The main objective of the show type option in the Microsoft presentation is used for the displaying the slide in the particular manner or the sequence as well for the purpose of setting the slide .
Following are Steps to use the show type in the presentation .
Click on the file tab in the PowerPoint presentations.After that Select the slide set up show Option from there .We see that there is dialog box is display .In the dialog box we see that show type only three option are available i.eBrowsed by an individual (Window)Browsed at a Kiosk (Full Screen) Presented by a Speaker (Full Screen)The user will choose the option according to there need .Click on apply the particular option is reflected on the slide .All the other option are not appear in the show type that's why these are incorrect option .Answer:
❌Browsed by an Individual (Kiosk)
✅Browsed at a Kiosk (Full Screen)
❌Browsed at a Laptop (Full Screen)
✅Browsed by an Individual (Window)
✅Presented by a Speaker (Full Screen)
THIS IS RIGHT :)
Which indicates that a product meets the definition of done?
Answers
When a product meets the definition of done, it means that it has fulfilled all the necessary criteria and requirements for completion.
What is the indication that a product meets the definition of done?This typically includes meeting the specified functionality, quality, and performance standards set for the product.
It also involves satisfying any relevant acceptance criteria and passing all required tests and evaluations.
Additionally, the product should have undergone necessary documentation, such as user manuals and release notes, and be ready for deployment or delivery to the end-users.
Meeting the definition of done signifies that the product is in a state where it is considered fully developed, tested, and ready for use, ensuring that it meets the intended objectives and delivers value to the stakeholders.
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What type of pricing strategy involves consumers making a judgment about a product and its
quality based on its price compared with a similar product?
O reference pricing strategy
Oprice lining strategy
O fair price strategy
O odd pricing strategy
Answers
Answer: reference pricing strategy
Explanation:
if market price exceeds marginal cost, profit will be negative. True or false?
Answers
False. If the market price exceeds the marginal cost, then the profit will be positive. Marginal cost is the additional cost incurred to produce one more unit of a product. Therefore, if the market price is higher than the marginal cost, it means that the revenue generated from selling one more unit of the product is higher than the cost of producing that unit. This results in a positive profit margin for the company. However, if the market price is lower than the marginal cost, the company will incur losses and will not be able to cover its costs. Therefore, it is important for companies to price their products in a way that ensures profitability and sustainability.
If market price exceeds marginal cost, profit will be negative. False.
When the market price is greater than the marginal cost, it indicates that the revenue generated from selling one more unit of the product is greater than the cost of producing that additional unit. This situation typically leads to a positive profit.
Let's break it down step by step:
1. Market price is the amount that consumers are willing to pay for a product.
2. Marginal cost is the additional cost incurred to produce one more unit of a product.
3. If market price exceeds marginal cost, the revenue generated from selling an additional unit is greater than its production cost.
4. When revenue from an additional unit is greater than its cost, the company will make a profit on that unit.
5. Consequently, a firm with a market price exceeding its marginal cost will generate a positive profit, not a negative one.
Thus, the statement "if market price exceeds marginal cost, profit will be negative" is false.
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fill in the blank. a system that contains features of both process and job order operations is called a(n) ____costing system.
Answers
A system that contains features of both process and job order operations is called a hybrid costing system.
This type of system is used when a company produces products that have some common features but also require customization. For example, a furniture manufacturer may produce standard designs but also offer customized pieces that require different materials and manufacturing processes.
In a hybrid costing system, costs are allocated to products based on both their direct and indirect costs. Direct costs are those that can be specifically traced to a product, such as materials and labor, while indirect costs are those that cannot be directly traced to a product, such as overhead expenses.
To determine the cost of each product, a hybrid costing system uses both job order costing and process costing methods. Job order costing is used for the customized products, where the costs are traced to each individual order or job. Process costing is used for the standardized products, where the costs are allocated to each production process or department.
Overall, a hybrid costing system provides more accurate cost information for companies that produce a mix of standard and customized products. This helps companies to better understand their costs and pricing strategies, and to make more informed decisions about their operations and profitability.
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Before lean approaches could be implemented successfully, many North American companies needed to make which changes?
A. Strategy modifications
B. Modify their supply chain
C. Cultural and organizational changes
D. Simplifying their workflows
E. Operations management changes
Answers
Before lean approaches could be implemented successfully, many North American companies needed to make cultural and organizational changes. Lean approaches are based on the principles of continuous improvement and waste reduction.
They require a significant change in the way that companies operate. In order to be successful, companies need to change their culture and organizational structure to support lean principles. This can be a difficult process, as it requires companies to change the way that they think about work.
However, the benefits of lean approaches can be significant. Lean companies can improve their efficiency, reduce their costs, and improve their quality. Here are some of the specific cultural and organizational changes that companies need to make in order to implement lean approaches successfully:
Employee empowerment: Lean approaches rely on employees to identify and solve problems. In order to do this, employees need to be empowered to make decisions and take action.
Cross-functional teams: Lean approaches require employees from different departments to work together. This requires companies to break down traditional silos and create cross-functional teams.
Visual management: Lean approaches use visual tools to track progress and identify problems. This requires companies to invest in visual management tools and train employees on how to use them.
Continuous improvement: Lean approaches are based on the principle of continuous improvement. This requires companies to create a culture of continuous learning and improvement.
By making these cultural and organizational changes, companies can create a foundation for successful lean implementation.
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Is asset management vital to a corporations’ bottom line? Name a corporation that should incorporate sound asset management; Why?
Answers
Asset management is crucial to a corporation's bottom line as it involves the systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively. Effective asset management allows corporations to maximize returns on investments, minimize risks, and optimize operational efficiency.
A corporation that should incorporate sound asset management is Apple Inc. As a leading technology company, Apple manages a diverse range of assets, including intellectual property, physical infrastructure, and financial investments. Implementing a robust asset management system would benefit Apple in the following ways:
1. Enhanced decision-making: By accurately tracking and evaluating assets, Apple can make informed decisions on resource allocation, expansion, and innovation.
2. Reduced operational costs: Regular maintenance and efficient utilization of assets can help minimize expenses and prolong the life of equipment, lowering the total cost of ownership.
3. Improved financial performance: Proper asset management enables Apple to optimize the use of its resources, leading to increased profitability and a healthier bottom line.
4. Risk management: By identifying and addressing potential vulnerabilities in its asset base, Apple can reduce the likelihood of operational disruptions and protect its brand reputation.
5. Regulatory compliance: Asset management practices ensure that Apple complies with industry standards and legal requirements, safeguarding the company against potential fines or penalties.
In conclusion, asset management is vital to a corporation's bottom line, and implementing sound asset management practices would greatly benefit Apple Inc. by enhancing decision-making, reducing costs, improving financial performance, managing risks, and ensuring regulatory compliance.
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A new smali business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the sore on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 13 days following no advertisements, the mean was 23.9 purchasing customers with a standard deviation of 1.9 customers. On 6 days following advertising the mean was 24.7 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.01 level, that the mean number of customers Who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Pogustion 2 Step 2 of 3 : Compute the value of the test statistic. Round your answer to three decimal places.
Answers
The test statistic value is -1.111, indicating a difference in mean customer purchases between days with no advertising and days with advertising.
To test the claim, we compare the mean number of purchasing customers on days following no advertising (Population 1) to the mean on days following advertising (Population 2). We are given the sample means, standard deviations, and sample sizes for both populations.
Step 1: Hypotheses
The null hypothesis (H0) states that there is no difference in the mean number of customers making a purchase between the two populations. The alternative hypothesis (Ha) states that the mean number of customers making a purchase is lower for days following no advertising compared to days following advertising.
Step 2: Test Statistic
To compute the test statistic, we use the formula:
t = (mean1 - mean2) / sqrt((s1^2/n1) + (s2^2/n2))
where mean1 and mean2 are the sample means, s1 and s2 are the sample standard deviations, and n1 and n2 are the sample sizes.
Substituting the given values into the formula, we get:
t = (23.9 - 24.7) / sqrt((1.9^2/13) + (1.6^2/6))
≈ -1.111
Step 3: Conclusion
To determine if the test statistic is statistically significant, we compare it to the critical value from the t-distribution table at the 0.01 level of significance. If the test statistic is less than the critical value, we reject the null hypothesis in favor of the alternative hypothesis.
Learn more about statistic value
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2. Which of the following holds large quantities of product that are later sent either to retail
locations or directly to customers?
A. Manufacturer
B. Wholesaler
C. Distribution center
D. Retailer
Answers
Answer:
A.
Explanation:
Manufacturer is a person or a registered company that produces finished goods from raw materials and sell to earn profit. The manufacturers sell it's finished products to retailers or wholesalers, who then sell it to customers. Manufacturers can also sell it's product directly to customers to earn profit.
Therefore, the correct answer of the question is option A. It is manufacturers who produces large quantities of finished goods and sell it to retailers and wholesalers and sell it directly to customers.
Thus option A is correct.