which practice has a purpose that includes helping the organization to maximize value, control costs, and manage risks?

Answers

Answer 1

The practice that has a purpose including helping the organization to maximize value, control costs, and manage risks is "Strategic Sourcing."

This practice involves a comprehensive and systematic approach to procurement that goes beyond just purchasing goods and services. It includes identifying business needs, developing procurement strategies, selecting suppliers, negotiating contracts, and managing supplier performance to ensure that the organization gets the best value for its money while minimizing risks and maintaining quality standards. By implementing effective strategic sourcing practices, organizations can improve their competitiveness, increase profitability, and achieve their strategic goals.

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Related Questions

Let's now say we have $50 in a bank account and we deposit an additional $10 per month for 5 years. The annual interest rate is 10%, compounded monthly. How much will we have in the account after 5 years rounded to the nearest dollar? Question 36 options: A) $887 B) $692 C) $857 D) $665

Answers

The interest rate is the sum that the financial institution charges the borrower in addition to the principal amount. When considering the time worth of money, a person who puts money in a financial institution such as a bank frequently makes extra money known as interest for the recipient.

An interest rate is the amount of interest that is payable each period stated as a percentage of the amount that was lent, deposited, or borrowed. The principal amount, interest rate, amount of compounding, and length of the loan are what determine how much interest will be charged on loaned and borrowed money overall. or borrowing took place.

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Amy-Jo works for herself selling weight-loss products door to door. This is

A. not typical, because most door-to-door salespeople work for companies.
B. not typical, because products are rarely sold door to door.
C. typical, because most door-to-door salespeople are self-employed.
D. typical, because most weight-loss products are sold door to door

Answers

Answer:

C. typical, because most door-to-door salespeople are self-employed.

Explanation:

Army-Jo can be classified as a small scale retailer. It is normal for entrepreneurs with businesses with the same classification to conduct door-to-door by themselves.

A majority of salespersons who do-to door sales are self-employed. As a business doing do-to-door selling is much profitable because of reasons such as

Selling door to door eliminates the need for a store, which is expensive to establish.Hiring a good salesperson is expensive due to the wages involved.Door-to-door is less costly. Only time expense is incurred.

Answer:

its D

Explanation:

:P

The face value of a bond is the ____.
a.
amount for which it sells
b.
amount it is worth when it is issued
c.
amount it pays at maturity
d.
purchase price plus its yield


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

c

Explanation:

Answer:

the answer is B

Explanation:

did it on edge

which of the following statements is correct?question 7 options:senior debt is debt that has been more recently issued, and in bankruptcy it is paid off after junior debt because the junior debt was issued first.

Answers

The statement which is correct is Convertible bonds generally have lower coupon rates than non-convertible bonds of similar default risk because they offer the possibility of capital gains, option C.

With a plain vanilla convertible bond, the investor has the option of either holding the bond until it matures or converting it to stock. The investor can retain the bond to maturity and get the face value if the stock price has dropped since the bond's issuance date.

The investor can convert the bond into stock and choose whether to hold or sell the stock at a higher price if the stock price rises considerably. When the gain from the stock sale exceeds the bond's face value plus the sum of the outstanding interest payments, the investor seeks to convert the bond to stock.

The best method for handling your credit card responsibly is to pay it off completely. A zero balance can be achieved to avoid the interest charges associated with maintaining a balance. If you can, try to make more than the minimum payment each month since this will lower your interest payments to the credit card company and lower the total amount of debt that has to be paid off.

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Complete question:

Which of the following statements is CORRECT?

a. Senior debt is debt that has been more recently issued, and in bankruptcy it is paid off after junior debt because the junior debt was issued first.

b. A company's subordinated debt has less default risk than its senior debt.

c. Convertible bonds generally have lower coupon rates than non-convertible bonds of similar default risk because they offer the possibility of capital gains.

d. Junk bonds typically provide a lower yield to maturity than investment-grade bonds.

e. A debenture is a secured bond that is backed by some or all of the firm

Which of the following tips can hurt your cash flow? A. Increase your sales. B. Pay your bills early. C. Keep a cash reserve. D. Offer credit only to low risk borrowers. Please select the best answer from the choices provided A B C D

Answers

B. Pay your bills early.

Answer:

trust the wise one above ;)

Explanation:

In general, reducing the interest rate (i) of a credit card but keeping the present value (PV) and number of periods (n) the same will_______.
a.) decrease the monthly payment (P) needed to pay off the debt.
b.) increase the monthly payment (P) needed to pay off the debt.
c.) eliminate the monthly payment (P) needed to pay off the debt.
d.) have no effect on the monthly payment (P) needed to pay off the debt.

Answers

Answer:

A. decrease the monthly payment (P) needed to pay off the debt.

i took the test⬇️

In general, reducing the interest rate (i) of a credit card but keeping the present value (PV) and number

Answer:

a

Explanation:

because the courts will decide business cases using precedent, the doctrine of stare decisis enables businesses to reasonably: .

Answers

The doctrine of stare decisis enables businesses to reasonably plan future transactions similar to past transactions. It is because the courts will decide business cases using precedent.

There are a different meaning between stare decisis and precedent. Etymologically, stare decisis can be defined as an instruction, or an doctrine that used in all court cases and with all legal issues. Stare decisis defines that courts look to past, similar issues to guide their decisions.

So that, these past decisions are known as precedent. Precedent is a rule, or a legal principle, that is created by a higher court decision.

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Tony is the head of a company that develops cutting edge technology. His team is working on their next big thing and they are close to a breakthrough. As his team works, Tony spends a good portion of his time making sure each part of his team has what they need to produce their best work. Tony also spends some of his time making sure any potential obstacles to his team are taken care of and coaching his team through some of their challenges.

What type of leadership is Tony practicing here?

A. Laissez-faire
B. Democratic
C. Servant Leader
D. Directing

Answers

The answer is B - Democratic

Answer:

D- Directing

Explanation:

It can't be laissez-faire because that literally makes zero sense at all. It's not democratic because that would mean that he would have had his team take a vote at some point in time, but this question says nothing about that. It is not servant leader because literally wth is that. It would have to be directing because Tony is giving his team some direction to help them keep moving forward.

The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False

Answers

Answer:

true

Explanation:

it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall

Answer:

True

Explanation:

have a good day

Helpp!!!

What type of Economy do we have in the United States?
A. Market
В.Mixed
C.Command
D. Traditional

Answers

Answer:

mixed

the us economy has a mixed economy

assume the price level is increasing, real gdp is decreasing, and the unemployment rate is increasing. which event would explain this macroeconomic situation?

Answers

Option B: This leads to increased price level and unemployment triggering a shortage in demand.

What do you understand by unemployment?

According to the OECD (Organisation for Economic Co-operation and Development), unemployment is defined as those over a certain age (often 15) who are not now employed or self-employed but are nonetheless currently eligible for employment during the reference period. The number of unemployed people as a percentage of the labor force serves as a proxy for unemployment, which is expressed as the unemployment rate (the total number of people employed added to those unemployed). A nation can affect unemployment and the state of the economy, for instance, by its fiscal policy. Furthermore, a nation's central bank or other monetary authority can affect the cost and availability of money by enacting monetary policy.

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Answer:

B) A negative supply shock

through a certain transaction, corporate properties, inc., acquires all of the shares of downtown realty corporation for some of corporate properties's shares. both corporate properties and downtown realty continue to exist. this is a consolidation. a share exchange. a short-form merger. a hold-up.

Answers

Through this transaction, Corporate Properties, Inc. acquires all of the shares of Downtown Realty Corporation for some of Corporate Properties's shares, and both companies continue to exist. This is a type of transaction called a **share exchange**.

A share exchange is a type of business combination where one company acquires another by exchanging its own shares for the shares of the other company. In this case, Corporate Properties, Inc. is acquiring Downtown Realty Corporation by exchanging some of its own shares for all of the shares of Downtown Realty Corporation. As a result of the share exchange, Downtown Realty Corporation becomes a subsidiary of Corporate Properties, Inc., but it continues to exist as a separate legal entity. This type of transaction is also sometimes referred to as a "stock-for-stock" transaction, as shares of one company are exchanged for shares of another company.

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advantages of collaborative office layouts​

Answers

Answer:

By far, one of the greatest benefits of breaking down literal walls in the office is increased collaboration.

Explanation:

When multiple people are working in the same space, they are more likely to share ideas and ask for input.

If manufacturing overhead has been overallocated during the period, and most of the jobs produced have been sold, then a cost of goods sold should be increased. b.cost of goods sold should be decreased. c. finished goods inventory should be increased, d work in process inventory should be decreased,

Answers

Because manufacturing overhead is applied based on a preset overhead rate, there is a possibility that it will either be underapplied or overapplied. Manufacturing overhead is being overapplied if the account has a credit balance at the conclusion of the quarter.

How are manufacturing overhead expenses divided between the inventory of work-in-progress?

A debit to the Manufacturing Overhead account is used to transfer manufacturing overhead expenses to the Work-in-Process Inventory account. Process costing is employed by accounting firms, construction companies, and healthcare organizations.

Each client is viewed as a task by a service provider, such as an accountancy firm. Actual overhead expenses exceeded those that were applied to jobs.

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You have decided to continue on with licensing your business to a firm in India. Much to your surprise, the Indian government has announced that it intends to enact local content law requirements. How will this impact the production of your products?

Answers

Answer:

You are not supposed to be allowed to import solar kits through India.

Explanation:

By laws requiring a predetermined reserve marketplace of providers for foreign operators to purchase from, local sourcing laws therefore will inevitably establish circumstances that are favorable to corruption and fraud. That was because regulations on local content enable businesses to use the very goods as well as products manufactured throughout the home economy and don't use imported products.

Scenario: Mary Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 in fixed costs currently spent. In addition, Mary is proposing a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $24 per pair of shoes. Management is impressed with Mary's ideas but concerned about the effects these changes will have on the break-even point and the margin of safety. Compute the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent)

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

Before:

Fixed costs= 270,000

Selling price= $40

Unitary variable cost= $24

Sales in units= 20,000

After:

Fixed costs= 294,000

Selling price= $38

Unitary variable cost= $24

Sales in units= 24,000

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Before:

Break-even point in units= 270,000/ (40 - 24)

Break-even point in units= 16,875 units

After:

Break-even point in units= 294,000/14

Break-even point in units= 21,000 units

Now, the margin of safety ratio:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Before:

Margin of safety ratio= (20,000 - 16,875)/20,000

Margin of safety ratio= 0.156

After:

Margin of safety ratio= 3,000/24,000

Margin of safety ratio= 0.125

The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.

Answers

Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.

Explanation:

when resources are shared or owned in common, the nash equilibrium leads to: higher profits than with unshared resources. overuse of resources. underuse of resources. lower profits than with unshared resources.

Answers

The nash equilibrium causes resource overuse when resources are shared or held jointly. The correct answer is option (b). Overuse of resources.

What is Nash equilibrium?

In game theory, a Nash equilibrium is a circumstance where a player will stick to their chosen strategy despite having no reason to change it after taking the opponent's approach into account.

According to the idea of Nash equilibrium in game theory, the best result occurs when participants have no reason to change their initial course of action. Despite being aware of their opponent's approach, the players still won't stray from the ones they first selected since each player still finds it to be the best course of action. The most advantageous course of action is not necessarily taken when the Nash equilibrium exists.

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Which of the following assessment methods has the lowest validity?
Select the correct answer
structured interviews
personality tests
cognitive ability tests
job knowledge tests

Answers

Personality tests is the assessment method which has the lowest validity

Validity refers to the extent to which an assessment method measures what it intends to measure. It assesses the accuracy and appropriateness of the inferences or decisions made based on the test results. Different assessment methods have varying levels of validity.

Among the options given, personality tests generally have lower validity compared to structured interviews, cognitive ability tests, and job knowledge tests. This is because personality tests often measure subjective traits, attitudes, and preferences, which can be influenced by situational factors and are more difficult to objectively measure.

Structured interviews, cognitive ability tests, and job knowledge tests tend to have higher validity because they are designed to assess specific skills, knowledge, and abilities related to the job. These assessments are typically more objective and can be directly linked to job performance.

However, it's important to note that validity can vary depending on the specific test or assessment instrument used within each category. Validity is a complex concept, and the specific design and implementation of an assessment method can significantly impact its validity.

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Employer-sponsored health insurance, retirement packages, and other benefits evolved in part to entice quality employees with non-taxable financial awards. What similar strategies have been employed by NCAA football programs competing for talent

Answers

NCAA football programs have employed several strategies to compete for talent, including offering scholarships and other non-taxable financial awards. Similar to employer-sponsored health insurance and retirement packages, NCAA football programs often provide benefits to their players to entice them to join their team and to stay with the program.

One of the most significant benefits offered by NCAA football programs is scholarships. These scholarships typically cover the cost of tuition, room and board, and other fees associated with attending college. By offering scholarships, NCAA football programs provide players with a non-taxable financial award that can help offset the high costs of attending college. In addition to scholarships, NCAA football programs also offer other benefits such as access to top-notch facilities, equipment, and training programs. Many programs also provide players with free meals and lodging, as well as other perks such as travel expenses for away games.

Finally, some NCAA football programs have even begun offering players a stipend to cover their personal expenses. While these stipends are relatively new, they have quickly become a popular way for programs to attract and retain talented players. Overall, NCAA football programs have employed several strategies to compete for talent, including offering scholarships, access to top-notch facilities, and other non-taxable financial awards. By providing players with these benefits, programs hope to attract and retain the best players and build successful, championship-winning teams.

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To buy a product, customers in a market must first

Answers

To buy a product, customers must first have the need for the product.

Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.

Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.

Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.

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You need $76,000 in 11 years. If you can earn .43 percent per month, how much will you have to deposit today?

Answers

Answer:

$ 43,135.67

Explanation:

The amount required today is the present value of the future expected amount in 11 years computed using the present value formula below:

PV=FV/(1+r)^n*m

PV=the unknown present value

FV=$76,000

r=monthly interest rate=0.43%

n=number of years=11

m=number of months in 1 year=12

PV=$76,000/(1+0.43%)^(11*12)

PV=$76,000/(1+0.43%)^132

PV=$76,000/1.761883042

PV=$ 43,135.67  

what do business owners consider when they select a business ownership structure?

Answers

Personal circumstances, financial needs, and the type of business.

The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?

Answers

Answer:

The case was never heard in the United States Supreme Court.

Explanation:

The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.

Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.

The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory

-0-

Units started in production


Units finished during the period



Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead)



Cost of materials used



Labor and overhead costs Total cost of the 4,000 units of the ending inventory:

a.) $15,840.

b.) $14,520.

c.) $9,240.

d.) $8,910

Answers

The total cost of the 4,000 units of the ending inventory in the weighted-average process costing system is $14,520.

In a weighted-average process costing system, the costs are averaged across all units, including those in the beginning inventory, units started in production, units finished during the period, and units in process at the end of the period.

Since the beginning inventory is given as 0 units, we don't have any costs to consider for it.

The units started in production represent the units that entered the production process during the period. However, the information about the number of units started in production is not provided in the given data.

The units finished during the period don't impact the cost of the ending inventory, as they are considered completed and transferred out of the production process.

The units in process at the end of the period, which are complete as to materials and ¼ complete as to labor and overhead, contribute to the cost of the ending inventory.

To calculate the total cost of the ending inventory, we need the cost of materials used, labor and overhead costs, and the number of units in the ending inventory. However, the specific values for these variables are not provided in the given data.

Without information about the cost of materials used, labor and overhead costs, or the number of units started in production, we cannot calculate the exact total cost of the ending inventory. Therefore, the correct answer cannot be determined based on the given information.

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Monitoring progress toward goals is a type of ______ process.

Answers

Monitoring progress toward goals is a type of evaluative process. Monitoring progress involves tracking and assessing the extent to which goals are being achieved.

It allows individuals or organizations to evaluate their performance and make necessary adjustments to ensure the goals are met. By regularly monitoring progress, one can identify any deviations, bottlenecks, or areas for improvement, enabling timely corrective actions. This evaluative process involves systematically measuring and analyzing performance indicators, comparing them to predefined targets, and determining the overall progress towards the goals.

It provides valuable insights into the effectiveness and efficiency of strategies, highlighting areas of success and areas that may require further attention. Overall, monitoring progress is crucial in ensuring accountability, maintaining focus, and achieving desired outcomes. Monitoring progress toward goals is a critical aspect of effective goal management. It is a type of evaluative process that involves systematically measuring and analyzing performance indicators to assess the extent to which goals are being achieved.

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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.

Answers

To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.

In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.

The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.

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How many barrels of oil does the us export per day?.

Answers

In the third quarter of 2018, the U.S. exported roughly 7.5 million barrels of petroleum per day. The largest markets for U.S. petroleum exports are Mexico and Canada, but the U.S. exports petroleum to 180 countries

Answer:

18.40 million

Explanation:

Also in 2020, the United States produced 2 about 18.40 million barrels of petroleum per day

You sold 1,500 beach chairs last summer, but your overall sales for beach chairs this year are tracking 20% behind last year. How many beach chairs would you forecast to sell this summer?

Answers

If your overall sales for beach chairs this year are tracking 20% behind last year, that means you are expected to sell only 80% of what you sold last year .You would forecast to sell 1,200 beach chairs this summer.

What is sales?

Sales refer to the process of exchanging goods or services for money or other forms of compensation. It involves identifying potential customers, presenting products or services to them, and convincing them to make a purchase. The goal of sales is to generate revenue and increase profits for a business.

What is sale in marketing?

In marketing, a sale refers to a transaction where a product or service is sold to a customer in exchange for payment. Sales are a key component of marketing strategies as they generate revenue and help businesses to achieve their goals.

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Business-related elements like charts, graphs, tables, and flowcharts in the PowerPoint Online application can be added to a presentation.

Answers

Answer: Graphs, Tables, Flowcharts and other such elements are very important part of a business presentation and we can add it very simply by;

Click on the slide you want to add your graph

next, right click on that slide and a drop list will appear

next, click on insert tab from that list and select the graph type you need. And it's done.

Explanation:

A graph is very helpful in any monotonous business presentation its makes it more lively and attractive when comes with accurate data, similarly a table needs to be inserted for better comparative study of the given figures. And by just clicking on the insert option on any particular slide we can do it within seconds.

Flowcharts are like brain map which makes things easy to understand as well as to explain.

Click on the particular slide then

a right click followed by choosing the option you need and then in just these simple steps it's done.

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