Many companies conduct extensive supplier inspections that require repeated visits and assessments. These programmes are frequently known as Supplier certification program .
What is Supplier certification program ?
The supplier certification is a component of a bigger supplier quality management plan. In essence, it's a procedure that enables the company to manage its connection with its suppliers so that they work together as a single unit to provide value for all stakeholders. The supplier certification outlines the minimal standards that the provider must meet in order to be hired. Continuous improvement is the goal of this procedure. It facilitates the process of finding suppliers who can meet the needs of the business.It makes it possible to acquire an accurate assessment of the suppliers' potential, enabling wise and secure financial and investment decisions.Utilizing supplier certification also makes it possible to bypass procedures like inspection. It establishes regulations and uniform procedures for managing suppliers.To know more about Suppliers certification visit:
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Select the things are considered psychological influences on the purchase decision process?
The things are considered psychological influences on the purchase decision process:
learningvaluebeliefsattitudesWhat is referred to as the purchase decision?This is the term that is used to refer to all of the ways that the person that would have to use a product would end up getting the product that they want to fulfill a particular need. It is what can be used to describe the drivers of their purchases.
In the stage of making a purchase decision. the person that is the consumer would have formed the intention that they want to buy a particular brand of product. This is the fourth stage that is is the consumer decision process.
Hence we can say that the things are considered psychological influences on the purchase decision process:
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Think of a futuristic business. Then identify the level and type of production that it would undertake. W/ all relevant information.
Give a description of the business.
The futuristic business would be a robot selling business, the business would produce robots that will help the individuals in their household work.
What is Business?A business is an idea of trade, the individual starts a business to earn profits by investing capital. The business have major four heads, capital, assets, liabilities and income.
The futuristic business idea would be the production of robots which will be produced by robots itself that is machines in a factory, however the robots will be customized as per the customer requirements and the actions required will be embedded in the robot system.
The robots will help the individuals in their household work, it will cook, clean the house, take out trash and more. The robots will be made at a large scale and the customization will be required on the system only.
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Considering the presidential elections since 1948, data showed that a strong economy seemed to help the:_____
By considering the presidential elections since 1948, data showed that a strong economy seemed to help the capitalist economy to grow stronger.
What is a capitalist economy?This refers to an economic system in which private individuals or businesses own capital goods. Here, the business owners employ workers (labor) who only receive wages and the labor does not own the means of production but only uses them on behalf of the owners of capital.
General production of goods and services under capitalism is based on supply and demand in the general market rather than through central planning such as planned economy or command economy.
In conclusion, since 1948, the data showed that a strong economy seemed to help the capitalist economy to grow stronger.
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Identify a statement that summarizes the changing perception of leadership today.
Every individual with the potential to make a difference has the challenge and responsibility of leadership.
This is further explained below.
What is Leadership?Generally, A person's, group's, or organization's ability to "lead," influence, or direct other people, teams, or entire organizations is included in the definition of leadership as a study topic as well as a practical competence.
This aspect of leadership can be possessed by an individual, a group, or an organization. Both of these settings are appropriate places to consider leadership.
The idea of "leadership" is often seen as one that is fraught with controversy.
In conclusion, Every individual who has the ability to affect change is obligated to take on the responsibility of leadership since it is both an assignment and a duty.
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In its simplest form, ___________ represents streams of raw facts with limited usefulness until organized.
In its simplest form, Data represents streams of raw facts with limited usefulness until organized.
What is named raw data?
Raw data (sometimes named source data, atomic data or primary data) is information that has not been processed for use. A distinction is occasionally made between data and information to the result that information is the end consequence of data processing.
What is raw data and processed data?
In short, data arrives from raw data! The collection of raw data is usually not ready for research, but once it's collected and cleaned up, it shifts into data. Processed data is the kind of data that is processed from raw data.
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Suppose that goods a and b are close substitutes. if the price of good a falls, then we would expect an?
When there are two substitutes goods a and b, if the price of good a falls, then we would expect an increase in the demand for good a and decrease in the demand for good b.
Substitute goods are those goods that can be used by consumers as alternative goods. Consumers use these goods and shift between these goods when the price rises and falls. When the price of good a is decreased or falls then the demand increases for good a and demand for good b will be decreased.
An example of substitute goods is milk packs produced by different companies. When a company decreases the price, consumers tend to favor buying this good. If the price rises then customers switch to other substitute goods that offer the lowest price.
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An individual’s right to do something may be restricted on the grounds that it runs counter to ""the good of society"" when the political system emphasizes.
A person's freedom to do something might be limited if collectivism is prioritised on the grounds that it is against "the good of society." The core idea of collectivism is that a society should be built on the principles of individual economic and political freedom.
What is Collectivism?
Any of a number of social structures known as collectivism view the individual as being subject to a larger social collectivity, such as a state, country, race, or social class. Individualism (q.v. ), which emphasises the rights and interests of the person, can be contrasted with collectivism.
Du contrat social, written by Jean-Jacques Rousseau in 1762 (see social contract), is the first contemporary, significant exposition of collectivist beliefs in the West. It makes the case that an individual may only achieve his true self and freedom by submitting to the "general will" of the society. Beginning in the early 1800s, German philosopher G.W.F. Hegel claimed that the nation-state, which to him was the purest manifestation of social morality, was the only place where an individual might achieve his full being and freedom. In the introduction to his Contribution to the Critique of Political Economy, Karl Marx later gave the clearest explanation of the collectivist perspective on the importance of social interaction: In his essay, he said that "men's social being dictates their awareness, not their consciousness itself."
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Which time-series forecasting method works best if the company assumes that product demand will stay fairly steady over time?
Moving average in time-series forecasting method works best if the company assumes that product demand will stay fairly steady over time.
What is the significance of moving average in time series forecasting?Moving averages are a simple and common type of smoothing that is mainly used in time series analysis and time series forecasting.
A moving average refers to a series of averages, calculated from historic data. It can be calculated for any number of time periods such as three-month moving average, a seven-day moving average etc.
Basically, moving average depicts that the current value is linearly dependent on the current and past error terms.
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In practice, most companies list accounts on their trial balance in alphabetical order. True or false?.
Answer: false
Explanation:
Randy produces rubber gaskets for model airplane engines, and his strategy focuses on being the lowest cost provider for this market. what competitive strategy is randy employing?
The competitive strategy used by the Randy is Cost focus techniques.
What is Competitive Strategy?A competitive strategy refers to the strategy used by the businessman and the companies in order to earn competitive advantage over the others. It is the set of techniques and policies used by the company to improve its competitive position.
There are three types of the competitive strategy that is : Cost Leadership, Differentiation and Focus. In this Cost focus, strategy refers to the technique in which the competition is made on the basis of the lower cost to attract the customers.
Therefore, it can be concluded that Cost focus techniques are used in the above scenario.
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The globe project dimension that focuses on how much unequal distribution of power should exist in organizations and society is _____.
The GLOBE Project dimension that focuses on how much unequal distribution of power should exist in organizations and society is power distance.
What is power distance.?Power distance can be described as the extent the members of the members of organizations and institutions that do not have much power to accept as well as expect unequal power distributions.
It should be noted that it is measured not only from the perspective of the leaders, hence GLOBE Project dimension that focuses on how much unequal distribution of power should exist in organizations and society is power distance.
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According to the revenue recognition principle, revenue is to be recognized when:____.
According to the accrual accounting revenue recognition concept, revenues must be recognized when they are earned and realized rather than when cash is received.
A generally accepted accounting standard (GAAP) called revenue recognition specifies the particular circumstances under which revenue is recognized and how to account for it. When a significant event occurs, revenue is typically realized, and the corporation can simply quantify the financial amount. The foundation of any corporate performance is revenue. The sale is the keystone. Regulators are aware of how alluring it may be for businesses to stretch the boundaries of what constitutes income, particularly when not all cash is collected until the task is finished.
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Consumer confidence and willingness to spend begins to increase during periods of ____, and marketers must remain very flexible to make the necessary adjustments.
Consumer confidence and willingness to spend begins to increase during periods of recovery, and marketers must remain very flexible to make the necessary adjustments.
What does the term consumer confidence mean?The term consumer confidence is known to be a word that connote a form of economic indicator that tends to measures the extent of optimism that consumers do possess in regards to the total state of a country's economy as well as their own financial situations.
Therefore, based on the above, Consumer confidence and willingness to spend begins to increase during periods of recovery, and marketers must remain very flexible to make the necessary adjustments.
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What+is+the+present+value+of+a+5-year+annuity+due,+with+a+$100+annual+cash+flow,+paid+semi-annually,+and+a+discount+rate+of+20%?
The present value of a 5-year annuity due, with a $100 annual cash flow, paid semi-annually, and a discount rate of 20%.
This question requires the application of PV of an annuity due, which can mathematically be represented as:
1- (1 + i)- PV of an Annuity Due =R*- i *(1 + i)
i = 20%/2 = 10% (semi-annually)
n = 5 * 2 = 10 semi-annual periods
R = $100/2 = $50 (semi-annually)
PV = 50* a 1-(1 + 0.10) -10 0.10 *(1 + 0.10)
PV = 50 * 6.1446 * 1.1
PV = $337.95
An annuity is a long-term investment issued by an insurance company that protects you against the risk of loss of income. Annuities turn purchase payments (contributions) into recurring payments that last a lifetime.
The main drawbacks are long contracts, loss of control over investments, little or no interest income, and high fees. Annuities also offer fewer liquidity opportunities and you must withdraw money from your annuity without penalty until you reach age 59.5. An annuity is a good investment for those who want a stable income after retirement. Annuities are insurance products, not investments in high-growth stocks. This makes pensions a more balanced addition to the financial portfolio for those approaching or in retirement.
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Twin oaks uses ________ to communicate to customers the value of the brands it represents because it believes it to be the most important type of marketing.
Twin Oaks uses word-of-mouth marketing, which it considers to be the most significant form of advertising, to let customers know how valuable the companies it represents are.
phrase-of-mouth advertising is crucial since it works to reinforce income, advertise items and services, boost logo awareness, and domesticate a devoted purchaser base. Many groups use tactics to inspire clients to percentage quality reviews and suggest their offerings and/or merchandise. corporations essentially act as the spark that ignites a flurry of client communique, and given that research display that most of the people of human beings accept as true with the critiques of buddies and family, relying on phrase-of-mouth advertising can be greater high-quality and cost-powerful than different types of advertising and marketing.advertising and marketing strategies used by corporations to encourage customers to express their levels of satisfaction with their offerings or items are called phrase-of-mouth advertising. those tactics include gifts, competitions, and subsidized influencers.
emblem loyalty programs reward customers for returning commercial enterprise and offer them with forums to express consumer remarks.
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Offering credit to buyers and providing refund services for products are both examples of ________ functions provided by channel intermediaries.
Offering credit to buyers and providing refund services for products are both examples of Facilitating functions provided by channel intermediaries.
What are channel intermediaries?The organizations and people who provide channels for consumers to obtain items are known as channel intermediates. Depending on the firm that owns the goods and the method of delivery chosen to reach clients, the distribution procedure for a given good can differ. Anyone interested in working in marketing or distribution will benefit from being aware of the parties involved in this process and how they distribute goods. In this piece, we define intermediary marketing channels and channel intermediaries, as well as their various forms.
They are the outside organizations, people, and companies who assist a firm in supplying its goods to clients. Between the maker of the original product and the customer who makes the most recent purchase, they serve as intermediaries. Channel intermediaries are a crucial component of the distribution process since businesses require them to deliver items to their customers.
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True or false: organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value
It is a false statement that an organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value.
What is an ethical culture?It means the set of experiences and expectations of managers and employees about how their organization encourages them to behave ethically or unethically.
The importance of ethical culture is to influences the moral judgment of employees and stakeholders; and this create a strong ethical culture that motivate everyone to speak and act with honesty and integrity.
Therefore, it is a false statement that an organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value.
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item at position 2 companies maintain accounting records that show assets at the amount of their market value because that information is more reliable than the historical cost. this statement is:
Two companies maintain accounting records that show assets at the amount of their market value because that information is more reliable than the historical cost. this statement is Mark-to-Market Accounting.
Mark-to-Market Accounting shows a strategy for accounting records of the current market cost of an asset or a liability for budget summaries.
Otherwise called Fair-Value Accounting, methodology organizations use to report their assets and liabilities at the assessed measure of cash they would get if they somehow managed to sell the resources or be mitigated their liabilities in the market today.
The market value is resolved because of what an organization would get for the resource assuming that it was sold by then.
In exchanging and effective money management, certain protections, like prospects and shared reserves, are additionally set apart to market to show the ongoing business sector worth of these speculations.
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According to celeste condit, communication is a process of relating because _____. multiple choice question.
According to Celeste Condit, communication is a process of relating because It occurs between two or more people and influences the type of connections.
Communication: The exchange of information, opinions, and ideas that result in a group of people organized to accomplish a certain goal having a shared interest, a clear sense of purpose, and an integrated effort is known as communication as a management (administration) tool.
Managers use communication to choose the best course of action, provide commands and instructions to subordinates, collect feedback from those subordinates, and stay in touch with people outside the organization.
According to Celeste Condit, communication is a process of relating because It occurs between two or more people and influences the type of connections.
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Customers have more power when a product is sold in the ______ market
Customers have more power when a product is sold in the open market
What is an open market?An open market can be defined as the market were the price of goods and service is determine by the market competition which in turn means that price of goods and service are not determine or control by the government.
In this type of market customers have more power because they have to power to do and undo when it comes to market price or the price they want to buy their product.
Therefore Customers have more power when a product is sold in the open market
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Functional hypothalamic amenorrhea is a condition characterized by the interrelated factors of _________.
The functional hypothalamic amenorrhea is a condition characterized by the interrelated factors of energy deficit, menstrual dysfunction and loss of bone mineral density.
What is a functional hypothalamic amenorrhea?This refers to a medical condition that is characterized by dysfunction of the hypothalamic- pituitary-ovarian axis causing anovulation and the absence of menses without the presence of other organic disease.
Hence, it is related to profound impairment of reproductive functions including anovulation and infertility. The female health in this disorder is disturbed in several aspects including the skeletal system, cardiovascular system, and mental problems.
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When a manager answers a subordinate's question regarding the process of creating a report from raw data, they are relying on their _____ skills.
A manager is using their Technical skills when they respond to a subordinate's query about the steps involved in building a report from scratch.
Technical skills are the knowledge and aptitude required to carry out particular activities. They are useful and frequently pertain to activities in the mechanical, information technology, mathematics, or scientific fields. Knowledge of programming languages, design software, mechanical devices, or tools are a few examples.
Your command of job-specific abilities, in addition to the technical skills required in the workplace, can help ensure you are recruited or promoted. Technical, hard, and job-specific abilities are frequently interchangeable but not always of Technical skills.
Naturally, the abilities needed may differ depending on the position for Technical skills which you are applying, so be particular when identifying any hardware, software, programs, applications, etc.
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Arbitrage proofs in futures market pricing relationships multiple choice incorporate transactions costs. all of the options are correct. rely on the capm. demonstrate how investors ?
A different approach to understanding returns on assets or portfolios than the capital asset pricing model (CAPM) is arbitrage pricing theory (APT). In the 1970s, economist Stephen Ross created it. Due to its very straightforward underlying assumptions, arbitrage pricing theory has gained prominence over time.
However, because it needs a lot of data and intricate statistical analysis, arbitrage pricing theory is far more challenging to put into effect. APT is a multi-factor technical model that is based on the correlation between the expected return and risk of a financial asset. The goal of the model is to represent how sensitive the returns on an asset are to changes in specific macroeconomic variables. These findings can be used by financial analysts and investors to assist in pricing stocks.
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The probabilistic estimate of the price at which a property will be sold is its?
The market value of a property is the probabilistic estimate of the price at which it will be sold.
Probabilistic Estimate
The probabilistic (risk weighted) method to estimating understands that there are uncertainties associated with each project component in the real world. As a result, there are probabilities of occurrence for each component within a range of conceivable values. Similarly, there are probabilities of occurrence within a range of potential values for the entire project estimate (which is an accumulation of distinct components determined by a mathematical mode). An estimate based on a range of numbers with related probability of occurrence for each component or, at the very least, for each component with substantive certainty.
Calculating the time-varying chance of a price reversal in the real estate market Knowledge of such price reversals may be useful in developing property trading strategies and providing confirmation of property cycle turning points. We estimate state transition rates using an index from the UK property market to derive time variable probability.
Hence, the market value of a property is the probabilistic estimate of the price at which it will be sold.
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Servant leadership, spiritual leadership, and lmx theory all belong to the relational approach to leadership. true false
False,The relational approach to leadership includes servant leadership, spiritual leadership, and lmx theory.
What is Spiritual Leadership?To get people from where they are to where God wants them to be is the responsibility of the spiritual leader. Influence is what this is. Once spiritual leaders are aware of God's intentions, they make every effort to influence their followers to pursue God's objectives rather than their own. People who are unable to persuade others to follow God's plan have not led. They may have encouraged, cajoled, begged, threatened, or intimidated, but they will not have led until their people have changed their lives to conform to God's desire. The Holy Spirit is a necessity for spiritual leaders. Spiritual leaders face a paradox since God asks them to perform an action that, in reality, only God is capable of. In the end, spiritual leaders are powerless to effect spiritual transformation in others.
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He finra suitability rule requires all of the following except? a reasonable basis suitability b customer-specific suitability c quantitative suitability d qualitative suitability
The FINRA Suitability rule requires all of the following except Qualitative Suitability.
The rule requires large specialist sellers to utilize sensible tirelessness to look to get and examine the client's explicit elements recorded in the standard. A broker-dealer can't make suppositions about client explicit elements for which the client declines to give data.
As per FINRA, an enlisted chief is expected to go to guarantee that the principles of moral leadership are kept up with.
As per rule 2210 of FINRA, it is expected that each correspondence must be done decently and sincerely.
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Organizational stakeholders include:________
a. employees.
b. unions.
c. suppliers of capital.
d. host communities.
Organizational stakeholders include employees. The correct answer is A, Stakeholders in the organization are those who are involved in its operations.
Stakeholders in an organization are typically happy when: businesses offer a vibrant, stimulating, and fulfilling work environment.
Everyone is interested in the company. Stakeholders can invest in the company as well, and the results of the business depend on what they do. Such a stakeholder is crucial in determining both the company's future and how it will operate on a daily basis.
Stakeholders are everyone that a company's actions may have an impact on, such as shareholders, business partners, employees, and customers.
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Whenever jena's juice introduces a new flavor, the company donates five cents for each unit sold to fund breast cancer research. jena's juice is responding to what contemporary management challenge?
Whenever Jena's Juice introduces a new flavor, the company donates five cents for each unit sold to fund breast cancer research. Jena's Juice is responding to social responsibility
What is social responsibility?A person has a moral obligation to work and collaborate with other people and organizations for the good of the community that will inherit the world they leave behind. This is known as social responsibility. Corporate social responsibility (CSR), also referred to as social responsibility in business, is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns. working for the community by volunteering, donating blood, or staffing an animal shelter or food bank. promoting political or social causes that can benefit others, such as buying fair trade goods, recycling, or supporting concerns that have an impact on society.
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Harley+purchased+a+set+of+pens.+including+the+3%+sales+tax,+harley+payed+$12.40.+how+much+was+the+set+of+pens+before+tax?
Harley purchased a set of pens including the 3% sales tax, Harley paid $12.4. The set of pens before tax is $12.77.
What is sales tax?A sales tax is a fee that consumers must pay to a governing body when purchasing specific goods and services. The consumer can typically be asked to pay the tax at the time of purchase under most legal provisions.
Typically referred to as a use tax, this tax is imposed on goods or services and is paid by the customer directly to the government. Frequently, laws specify that some products or services, like food, education, and medicine, are exempt from sales and use tax. Sales taxes are connected to value-added taxes (VAT) that are levied on products and services. For an overview of the main differences, see Sales Tax Comparison.
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When phenomenological researcher record their thoughts and reactions to the research process, participant responses, and participants non-verbals, they are engaging in what is best known as:______.
Observations are what phenomenological researchers do when they write down their feelings and emotions about the study process, participant replies, and participant non-verbals.
Phenomenology is the have a look at of experience from the attitude of the man or woman, "bracketing" presumptions that are commonly widespread and traditional strategies of experiencing. The perception gained from an objectifying third-man or woman perspective is not so good as observation from a phenomenological attitude. as a substitute, one pays interest to someone's physiological manifestations of his or her subjective revel in, including his or her desires, intentions, or emotions, via remark.
Researchers that utilize phenomenological have a look at design adopt the assumption that people interpret their experiences in phrases of a not unusual structure or essence. For the reason of elucidating the essence of the event underneath inquiry, they interpret the contributors' emotions, perceptions, and ideals.
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