Find a recent new article relating to the use/misuse of inventory/assets within a business/organization that sells inventory.
Summarize the event by writing a report on your findings. Keep in mind what is considered to be good corporate governance, ethical behavior and internal auditing and control

Answers

Answer 1

Stock to sales is a performance ratio this is used to decide the rate at which the corporation is liquidating its inventory. but honestly, the inventory to sales ratio measures the amount of inventory the company is wearing compared to the quantity of income that is being made.

The principle feature of inventory is to provide operations with ongoing delivery of substances. To gain this function efficiently, your enterprise needs to try to discover a candy spot between an excessive amount and too little, without ever walking out of stock.

The 3 maximum commonly used stocks are uncooked substances, work in development (WIP) inventory, and finished items. inventory refers to all the products, items, and materials bought or manufactured by means of a commercial enterprise for selling to the customer to make an income.

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Related Questions

Which type of innovation is illustrated by toyota implementing lean production principles?

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The type of innovation that is illustrated by Toyota implementing lean production principles is Process innovation.

What is process innovation?

Process innovation refers to a type of innovation where a company implements better methods of production and service delivery to improve the quality of their products.

The lean production principles that Toyota has adopted are meant to make their cars of higher quality which means that Toyota is using lean production principles.

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The company neglected to record depreciation in the previous year. how should this be treated in the financial statements?

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Option B is the correct answer.

Depreciation expense is left out of the financial accounts, and this has two consequences. Assets are inflated when a corporation fails to report depreciation on fixed assets because depreciation is not subtracted. Additionally, because depreciation is not included in the income statement, net income rises, which causes the shareholder's equity to be overstated. The asset that is depreciated and the depreciation expenditure are two expenses that are subtracted from the income statement. It is a lien against the asset. Depreciation expense resulted in a decline in both net income as well as the related asset.

The  question is incomplete, complete question is:

Z Company's accountant forgot to make an adjustment at the end of the year to record depreciation expense on the equipment. What effect did this omission have on the company's financial statements?

a. understated assets and liabilities

b. overstated assets and shareholders' equity

c. understated liabilities and overstated shareholders' equity

d. overstated assets and understated shareholders' equity

e. none of the above

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Which of the affirmative action strategies would involve an employer changing the company policy or the way an organization is decorated?

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Identifying and removing employment practices which are working against minority applicants and employees is the affirmative action strategies would involve an employer changing the company policy or the way an organization is decorated.

Affirmative action includes a set of policies and practices within a government or organization which seeks to include particular groups based on their race, gender, sexuality, or nationality.

In no way does affirmative action require an employer to hire an unqualified minority over a qualified non minority, which is important to note. Thus, affirmative actions include outreach efforts, training programs, and other positive steps.  

Hence, affirmative action gives a certain advantage to the minority groups in the recruitment process.

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When organisms leave the group they were born into and join another group, this can alter allele frequencies in the new group. What mechanism is this?.

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This mechanism of organism to leave the group in which they are born an d join new group is called gene flow.

What is gene flow?

In population genetics, gene flow refers to the transfer of genetic material from one group to another. If the rate of gene flow is strong enough for two populations to have equal allele frequencies, then they can be considered to be one effective population.

Therefore, When organisms leave the group they were born into and join another group, this can alter allele frequencies in the new group. this mechanism is called gene flow.

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In a service firm, salaries of administrative personnel, rent and utilities, and nonbillable employee time are?

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In a service firm, salaries of administrative personnel, rent and utilities, and non-billable employee time are Assigned to the client or account using in allocation.

Receptionist: Serving as more of the face of the corporate, receptionists welcome clients, answer questions, and make nonbillable employee people feel comfortable upon entering the building.

A salary can vary greatly from the median income because it is influenced by age, sector, professional experience nonbillable employee and hours worked. The office assistant is incredibly the same as an administrative one. He or she is going to typically write emails, cater to incoming calls, file documents, and more.

Furthermore, office assistants confirm your workplace is running as smoothly as possible. Indian nonbillable employee Administrative Services (IAS) Officers are government officials/Bureaucrats assigned with the responsibility of handling the administration and daily proceedings of the govt.

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When two asset accounts are changed in a transaction, there must be an increase and a decrease. True or false?.

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True, When two asset accounts are changed in a transaction, there must be an increase and a decrease.

Two asset accounts, Allocation for Doubtful Accounts and Accumulated Depreciation, are understood as contra asset statements since these reserves are expected to have credit balances.

What are the two kinds of support?

Assets can be grouped into two principal classes: tangible assets and intangible assets. Tangible assets include various subclasses, including current investments and fixed assets. Current assets include cash, products, accounts receivable, while fixed assets possess land, buildings and equipment.

What are in asset reserves?

Asset accounts are classes within the business's books that show the value of what it owns. A debit to an asset account suggests that the business owns more (i.e. increases the asset), and a credit to an investment account suggests that the business owns less (i.e. reduces the asset).

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Why would it be better to be in a partnership?

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Answer:

A partnership is easy and inexpensive to establish

the business benefits from pooled knowledge and skills of different partners

the workload is shared

more partners can be added,which could help increase capital

partnerships are not compelled by law to complete audits on financial statements

Explanation:

Answer:

Each partner will bring their own knowledge, skills, experience and contacts to the business, potentially giving it a better chance of success than any of the partners trading individually. Partners can share out tasks, with each specialising in areas they're best at and enjoy most.

Explanation:

I hope it helps

Dentify the three mobile device management policies. . bring your own device dual persona technology containerization company-issued, personally enabled choose your own device.

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The three mobile device management policies are as follows:

Choose Your Own DeviceCompany-Issued, Personally EnabledBring Your Own DeviceWhat's the purpose of mobile device management policies?A mobile device management policy controls the use and security of mobile devices within your organization. Without mobile usage guidelines, your company is vulnerable to cybersecurity hazards, theft, and corporate espionage attempts.Mobile smartphones are some of the least regulated and most exposed devices utilized by employees. Once any tool leaves the confines of your office, your equipment and sensitive information are at risk due to the likelihood of security breaches.Contractors, part-time and full-time employees, and other staff members must all abide by MDM regulations if they access company data on a mobile device. If you hire contractors frequently, make sure to inform them of MDM guidelines and, if required, create non-disclosure agreements (NDAs).

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A favorable attitude toward a single brand, and the consumer's consistent purchase of that brand is referred to as brand ______.

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A favorable attitude toward a single brand, and the consumer's consistent purchase of that brand is referred to as brand loyalty.

What is meant by loyalty?

This is defined as the act and the ability of people to show their faithfulness towards something.

That is they would always put the brand first before any other brand., The consumers of products would have the brand satisfying all of their needs and hence the brand would be their go to for all needs that would be solved by the product.

Hence we can say that a favorable attitude toward a single brand, and the consumer's consistent purchase of that brand is referred to as brand loyalty.

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If a firm has $300,000 in cash flow from assets and $100,000 in cash flow to shareholders, what is the cash flow to creditors?

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If a firm has $300,000 in cash flow from assets and $100,000 in cash flow to shareholders, the cash flow of creditors is 200,000.

The cash flow from assets must equal the sum of the cash flow to creditors plus shareholders.

CF from Assets = CF to Shareholders plus CF to Creditors.

CF From assets = CF to Shareholders + CF to creditors.

CF from assets - CF to Shareholders = CF to creditors.

Thus, 300,000 - 100,000 = 200,000.

What is cash flow (CF)?

One of the areas on the cash flow statement that details how much money was made or spent on various investment-related activities during a given time period is the cash flow from investing activities (CFI) section. Purchases of tangible assets, investments in securities, and sales of assets or securities are all examples of investing activities.

A company's poor performance is frequently indicated by negative cash flow. Negative cash flow from investing activities, however, could be the result of significant sums of money being spent on things like R&D that are essential to the company's long-term success.

It's crucial to understand where an organization's investment activity fits into its financial statements before analyzing the various positive and negative cash flows from investing activities.

The balance sheet gives a summary of the assets, liabilities, and owner equity of a company as of a particular date. An overview of the company's earnings and outlays for a time period is given by the income statement. By displaying how much money is made or spent on operating, investing, and financing activities over a given time period, the cash flow statement fills the gap between the income statement and the balance sheet.

Thus, $200,000 is cash flow to creditors.

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At the start of the month, a company reported a $34,000 debit balance in its cash account. During the month, the company debited cash for $30,000 and credits cash for $42,000. At the end of the month, the cash account has a.

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At the start of the month, a company reported a $34,000 debit balance in its cash account. During the month, the company debited cash for $30,000 and credits cash for $42,000. At the end of the month, the cash account has a.22,000 debit.

When a corporation receives money earlier from earning it, the accounting may be a debit to the asset Cash for the quantity received and a credit to the liability account like Customer Advances or Unearned Revenues. samples of these accounts are the cash, assets, prepaid expenses, fixed assets (asset) account, wages (expense) and loss on sale of assets (loss) account.

Since the service was performed at the identical time because the cash was received, the revenue account Service Revenues is credited, thus increasing its account balance. Cash is an asset account hence it's increased by debiting it.

When a business receives cash, it's always recorded as a rise to cash and a decrease to an expense. a shot balance may balance but not be correct. Income statements accounts also are referred to as temporary accounts.

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A ____ economic indicator tends to rise or fall a few months after business-cycle expansions and contractions

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A Lagging economic indicator tends to rise or fall a few months after business-cycle expansions and contractions.

What is a lagging economic indicator?

An observable or quantifiable quantity that varies some time after the economic, financial, or business variable with which it is connected changes is known as a lagging indicator. Trends and shifts in trends are confirmed by lagging indicators.

Lagging indications are helpful for determining the direction of the overall economy, for corporate operations and strategy, and as signals to purchase or sell assets on the financial markets.

A financial sign known as a trailing indicator appears after a significant shift has already occurred. Lagging indicators thus validate long-term trends but do not foretell them. This is important because a lot of leading indicators are frequently unstable, and short-term swings in them can hide turning moments or produce false signals.

Checking lagging indicators is one technique to determine whether an economic shift has truly taken place.

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The general rule regarding the exchanged basis in the new property received in a like-kind exchange is?

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Like-kind treatment is not applicable to most financial instruments, including stocks and bonds, and inventory kept for resale.

What are stocks ?

A stock is a colloquial phrase for any company's ownership certificates.  You become a shareholder if you possess shares of a specific corporation. There are two categories of stocks: ordinary and preferred.

Beginning investors can profit in the stock market by: Starting early will help your assets expand immensely because of the wonder of compounding, which occurs when interest is received on money that has previously been earned and interest. If left unchecked, even a tiny quantity can significantly increase.

The price of the stock rises, or appreciates. The stock can then be sold for a profit if you so want.

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A company exhibiting a high liquidity ratio is likely to have enough resources to pay off its short-term obligations. True or false?.

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A company exhibiting a high liquidity ratio is likely to have enough resources to pay off its short-term obligations is a True Statement.

By calculating indicators such as the current ratio, quick ratio, and operational cash flow ratio, liquidity ratios assess a company's capacity to meet its financial commitments as well as its margin of safety.

The current ratio, acid test ratio (sometimes called the quick ratio), cash ratio, and working capital ratio are some of the most typical instances of liquidity ratios. Different analysts view certain assets as relevant in different ways.

Current liabilities, often known as short-term obligations, refer to a company's debts that are due to be repaid within a year. Short-term bank loans, accounts payable, salaries, lease payments, and income taxes payable are typical examples of short-term debt.

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Salespeople who have the skills and motivation to add value during the sales process are rewarded by:_________

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Salespeople who have the skills and motivation to add value during the sales process are rewarded by Information Economy

What is information economy?

A worldwide economy based on aggregated data from goods, prices, and customers around the globe is known as an information economy. Consumers can view and buy products on the global market thanks to this unified information. In an information economy, consumers can acquire data on product availability and costs from a variety of sellers.

The price of energy, food, and raw commodities can now be affected quickly exchanged information thanks to technological advancements over the past few decades. The value of this information has increased to the point where any worldwide uncertainty causes a change in the global markets. Examples include natural calamities and political unrest in other countries.

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Using a ________ strategy, the producer directs its marketing activities toward final consumers to induce them to buy the product.

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Using a  Pull strategy, the producer directs its marketing activities toward the final consumers to induce them to buy the product.

The another name for pull strategy is also called as pull promotional strategy. The main aim of the pull strategy is to increase the demand for its production and draw consumers attention to the product. These pull market generally revolves around getting consumers towards their particular product.  This pull market strategy can be used by itself or in conjunction with the push market strategy. The goal of the pull market strategy is to make a consumer actively seek a product and help retailers to stock product as response to the consumer demand.

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Sc johnson airs television ads that highlight the qualities of the company rather than promote specific brands. these ads would best be described as _______ advertising.

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Sc Johnson airs television ads that highlight the qualities of the company rather than promote specific brands. these ads would best be described as Institutional advertising.

Institutional Advertising can be depicted as promotional exercises that are utilized to work on a brand's standing, form a positive picture of a brand, or energize the help of a particular brand or association.

This type of publicizing is not quite the same as other normal types of publicizing since it isn't utilized to sell a particular item or administration, rather, it's utilized to advance the brand or association itself to make a feeling of trust or regard.

The objective is to get watchers to contemplate the brand positively and to impel high buyer inclination.

While executing institutional publicizing, an objective gathering not entirely settled, all things considered with other normal types of promoting. A message and a strategy to convey that message is likewise required.

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Consumers known as ________ believe that the personality traits of brands are malleable, and they tend to accept brand extensions.

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'Consumers known as incremental theorists believe that the personality traits of brands are malleable, and they tend to accept brand extensions.

Incremental theorists who focus on behavioral factors (e.g., effort, problem-solving strategies) as causes of negative performance outcomes are more likely to act on these mediators. They work harder, come up with better strategies, and keep working.

Those who believe that intelligence is fixed (such as entity incremental theorists) tend to think that intelligence is based in biology and is a ubiquitous part of an individual's personality. Conversely, those who believe that intelligence is malleable (that is, progressive theorists) tend to reject essentialist assumptions.

Gradualism was coined in the 1950s by the American political scientist Charles E. Lindblom responded to the then popular notion of policymaking as a process of rational analysis leading to value-maximizing decisions.

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In which way can podcasts be organized when used by organizations?
a) by type of interaction required
b) by corporate training issues
c) by product line by technical topics

Answers

Answer:

A is the right answers

Explanation:

because the podcast will be well organized when the interaction is included

By type of interaction required, the way can podcasts be organized when used by organizations. Thus, option (a) is correct.

What is organizations?

The word “organization” refers to the structure and hierarchy of the workplace, as well as the shared objectives of its participants. The word “organization” is primarily used in the workplace and in business contexts. The organizations are to perform the business task.

Podcasts are the new type of technology. The podcast is mainly based on the audio. It is a type of digital media. The users are the ones who listen to the internet audio.

Nowadays, podcasts are the most commonly used in the organization. The main reason is that they provide instruction related to the task. The instructions related to the new project and the general information.

As a result, the podcasts be organized when used by organizations as they provided the instruction. Therefore, option (a) is correct.

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Japanese automobile producers sold more of their japanese production overseas than they sold in japan. their business strategy emphasizes:_________
a. importing.
b. exporting.
c. licensing.
d. dumping.

Answers

The correct answer is (b) exporting.

Japanese automakers exported more of their products than they did within their own country. their business strategy emphasizes: exporting.

What do exports and imports mean?

Imports are the products and services that citizens of a nation choose to purchase over goods and services made in that nation. Since payments to sellers who are located outside are a part of import transactions, there is a corresponding outflow of funds from the nation.

Exports are products and services that are made domestically and then offered to clients in other nations. Due to the fact that export transactions entail selling domestic goods and services to foreign customers, they result in a financial influx into the seller's nation.

The significance of imports, exports, and the overall trade balance to each country's economy varies greatly.

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A scale used to weigh produce at a market has markings every 0.1 kg. which measurement for the mass of a dozen apples is correctly reported for this scale?

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A scale used to weigh produce at a market has markings every 0.1 kg

Measurement for the mass of a dozen apples is correctly reported for this scale 1.87 kg

What is produced in the market?

Farm is a generalized term for many farm-produced crops, including fruits and vegetables (grains, oats, etc.

Why is it named produce?

Produce here refers to “fresh fruits and vegetables”. It's the noun understanding of that word, not the verb, and so its stress falls on the first syllable. Therefore the vegetables aisle is the place where such items are found.

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The income statement columns in the end-of-period spreadsheet show that debits are equal to $55,800 and credits are $77,520. what does this information mean to the accountant?

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That information means the accounts are out of balance. It happened because there is probably an error that has been made previously. This happens because if $55,800 is subtracted by $77,520 it will result in an imbalance and create a loss.

An income statement is a financial document that must be owned by a company after the balance sheet and cash flow. From the report, you can see how much income and expenses are borne by the company in a certain period of time. In addition, the income statement also has several benefits as below:

Informing the total tax to be paidProvide profit or loss informationCompany evaluation referenceSee company efficiencyBe the basis for making a decision

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Assume you own a bond that was issued by a blue-chip company. if the market rate of interest rises, what will happen to the value of your bond?

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If the market rate of interest rises, what will happen to the value of your bond the bond values will decrease.

What is a bond?A bond is a sort of security used in finance under which the issuer owes the holder a debt and is required, depending on the terms, to repay the bond's principal at maturity as well as interest over a certain period of time.Finding a bond's fair market value is known as bond valuation. The present value of the stream of cash flows that a bond is anticipated to provide is its theoretical fair value, just like it is for any other security or capital instrument.An income bond is a bond that just guarantees to pay back the principle; no interest or coupon payments are guaranteed.

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After the adjusting entries have been completed, the adjusted balance in the deferred revenue account represents:______

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After the adjusting entries have been completed, the adjusted balance in the Deferred Revenue account represents: The amount of the sales or services still owed to the customer.

What is deferred revenue?

Deferred revenue can be defined as the amount a customers paid for the goods or product they are yet to received from a supplier.

The adjusted balance in a deferred revenue account means that company are still owing their customers because they are yet to supply goods to the  customers despite the customers has paid the company.

Therefore the adjusted balance in the Deferred Revenue account represents: The amount of the sales or services still owed to the customer.

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Net sales for a company are $250,000. average accounts receivable are $10,000. the accounts receivable turnover for this company is:_________ .

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This company has a 25 accounts receivable turnover rate.

How Do Net Sales Work?

The total of a company's net sales is its gross sales less any returns, allowances, and discounts. . They can frequently be taken into account when calculating top line revenues that are shown on the income statement.

The financial report that is generally used when examining a company's revenues, revenue growth, and operational costs is the income statement.

The three sections of the income statement allow for the analysis of direct expenses, indirect costs, and capital costs. Net sales are shown in the direct costs section of the income statement.

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You need to transfer some naoh solution from a very large stock bottle to your reaction flask. how do you do this correctly?

Answers

The correct option is (d) to use a smaller container to retrieve the NaOH and then transfer the NaOH to your reaction flask.

We will use a smaller container to retrieve the NaOH and then transfer the NaOH to your reaction flask.

How do you transfer chemicals from one container to another?

Solids are typically simpler to transfer to a beaker or other container with a wide mouth. Bring a beaker with a label to the shelf where the chemicals are kept for the reagents. Don't set the reagent bottle down after removing the cap (risks contamination).

By tipping the bottle and slowly turning the bottle back and forth, many solid chemicals can be transferred with ease. Avoid raising the bottle high and letting the liquid spill out. Use the spatula if one is offered at the reagent bottle. Never use a spatula that you own. Make sure the appropriate lid is on the appropriate bottle before setting the bottle back on the shelf.

Using a funnel is the most secure and efficient way to move chemicals from one container to another. All liquid-based chemicals should be put through a funnel, whether they are in quantities of 1 gallon or 50 gallons, to minimize the risk of spills.

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The complete question is:

“You need to transfer some NaOH solution from a very large stock bottle to your reaction

flask. How do you do this correctly?

a. use a funnel to pour the NaOH from the stock bottle to your reaction flask

b. set up a siphon system to retrieve NaOH from the stock bottle to your reaction flask

c. directly pour the NaOH from the stock bottle to your reaction flask

d. use a smaller container to retrieve the NaOH and then transfer the NaOH to your reaction flask.”

What can an organization do to reconcile the different interests of various groups impacting the organization?

Answers

Organization can strike a balance between the varying interests of the different groups impacting the organization

     The project managers must adhere to the procedure to tame the multi-headed beasts on uncontrolled projects in order to strike the correct balance between meeting stakeholders' expectations and completing the projects within the allotted timetable and budget.

     t's important to identify the project's stakeholders, assess the objectives, and comprehend their interests. The project manager must align the team with a common definition of "Success" and make sure that no outside forces interfere with or demotivate the team in order for the final output to be best-in-class.

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An increase in the number of businesses in the industry would be represented by a movement from?

Answers

An increase in the number of businesses in the industry would be represented by a movement from demand curve.

The amount required as well as the price shift from one point to the next as the demand curve moves along. Other factors stay the same when there is a change in the quantity demanded as a result of a change in the price of the good or service, which causes the demand curve to move.

A movement along the supply curve is when there is a change in the quantity supplied by businesses as a result of a price adjustment. The supply curve shifts when a change in the quantity supplied at the old price is caused by a factor other than price.

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A continuous process indicates production of discrete parts moving from workstation to workstation at a controlled rate. True or false?.

Answers

A continuous process does not indicate the production of discrete parts moving from one workstation to another workstation at a controlled rate. So, the statement is False.

The mentioned situation can cause confusion between a Continuous process and an Assembly line process. A continuous process indicates that the production process is controlled by the administrator. It is similar to the assembly line production that follows a predetermined sequence of steps, but the flow is continuous such as with liquids, rather than discrete.

One difference between a production line flow and an assembly line flow is that in the mechanical system the flow is rather discrete rather than liquid which makes them different from each other. The only similarity between both the assembly line process and production line flow is that they follow a predetermined pattern of steps.

Thus, the statement is False.

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________ involves breaking into a network to steal data such as customer lists, product inventory data, employee data, and other proprietary and confidential data.

Answers

Hacking  involves breaking into a network to steal data such as customer lists, product inventory data, employee data, and other proprietary and confidential data.

Who is a hacker?

This is the term that is used to refer to a person that would consciously steal data across computer systems. This person would use certain programs and software to break into the personal computers of individuals and organizations in order to get sensitive data.

Hence we can say that Hacking  involves breaking into a network to steal data such as customer lists, product inventory data, employee data, and other proprietary and confidential data.

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The internet allows you quick access to research and digital media what do you need to do if you want to use someones elses work? When entering orders via orders activity, what does clicking on the order name do? The characteristic sound produced by the way a certain voice or instrument vibrates is known as:________ Mrs. blair concludes that boys do not read as well as girls because most of the students in her remedial reading classes are boys. mrs. blair's conclusion best illustrates the danger of:_________ Which explorers route included the cities of Lisbon, Mombasa, and Cochin?In your own words Jessica was recently praised by her supervisor for displaying superior customer service during an encounter with a problem customer. this is an example of organizational:_____. _________ is the systematic collection and analysis of publicly available information about consumers, competitors, and developments in the marketing environment. Human choice is problematic for the behavioral scientist because as individual freedom goes up, _____. Which kind of research method reveals correlations between two variables but not cause and effect? 12x + 36 -14 -8x +5 = A thesis statement tells the reader how you will interpret the significance of the subject matter under discussion. TrueFalse how does the vertical line test work? A researcher is _____ her participants when she fully explains the study's purpose and any deception she may have used. 25. Communicate and Justify Ramon says that 4 1 can be rewritten as Jamal says that 12 124* it cannot because both the numerator and denominator need to be raised to the power of 4. Who is correct? Explain. Thinking For what values of x is What are three differences between free enterprise and socialism Paula refills the flour bin after it has been empty for a while. She pours in the flour at a constant rate. She stops pouring flour when the bin is full.Which graph could represent this scenario? Rod-shaped bacteria synthesize new cell walls over the entire surface of the cell. True or false?. Exercise 1 Underline the verb in each sentence. In the blank, write T if the verb is transitive. Write I if the verb is intransitive. Carsons dog eats almost anything. During the 19th century, as populations grew and urban environments expanded, humans had less exposure to ________. The demand and supply curves show how buyers and sellers ________; the interaction of buyers and sellers ________.