Cost-reimbursable contracts involve payment to the supplier for direct and indirect actual costs and often include fees.
A cost-reimbursable contract is an agreement between two parties called the contractor and the owner. Here the contractor gets the reimbursement for the cost incurred while carrying out the work as per the contract, and also gets an additional fixed fee from the company or an owner.
Here the final pricing of the contract is determined later based on the underlying deal and the actual costs it took to complete a project given to the contractor.
Hence, cost-reimbursable contracts involve payment for direct and indirect actual costs.
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Why are foresight and follow-through important when applying the quantitative reasoning process?
It's far very important to use foresight and follow through in the reasoning system because when we are inside the reasoning procedure we ought to make or draw conclusions, our present information might make predictions/foresight to be able for us to construct the conclusions that we wished in our statements.
Foresight may additionally save our lives. right here's why: Scientists are identifying increasingly ways for us to live longer, healthier, and happier lives, however we ought to decide to follow their recommendations. Humans lacking foresight are most effective too in all likelihood to push aside the practices that would guard their destiny fitness and nicely-being.
Foresight creates elevated attention to viable risks, and hence a basis for extra effective contingency making plans, and the layout and development of appropriate sorts of resilience. A Foresight culture makes establishments higher able to react to changes.
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A product-process matrix can be used to address the fact that customers often participate in service processes.
a. True
b. False
A product-process matrix can be used to address the fact that customers often participate in service processes.
This is FALSE.
A customer is a recipient of goods, services, products, or ideas obtained from a seller, vendor, or supplier through financial transactions or in exchange for money or other valuable consideration.
A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.
The definition of customer is a person who purchases products or services at a store, restaurant, or another retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.
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A project manager has two engineers assigned to the project and does not have access to more even if the result means extending the completion date on the project. The project manager is managing a(n) ________.
The project manager is managing a Resource-constrained project.
Resource-constrained project is one where the availability of assets is restricted. If the resources are not able to complete on time, the project gets delayed and there is no opportunity to get additional resources. The resource can be machine, device, human, etc. In this situation, as the handiest engineers are available, it is a resource-constrained project.
Humans, substances, and devices are all considered resource constraints. If any of these are restricted in that there aren't sufficient to finish the activities they're scheduled for in the amount of time given, the timing and collection of sports inside the assignment network can be impacted.
The shortage of resources finally ends up determining how you pass about your work, which generally leads to resource overloading. essentially, this means you spend an excessive amount of time working on these projects and stretch out your workdays to compensate for the resource constraints.
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Is an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives?
The risk is known is as the project risk.
A project risk is an unforeseeable occurrence that may or may not occur throughout the course of a project. It is an unforeseeable occurrence or situation that, if it occurs, has a positive or negative impact on the project's goal. The fundamental feature of this concept is that the impact of uncertainty, if it arises, might be either good or negative on the goals of the intended endeavor.
Unlike popular belief, a project risk can have either a negative or positive impact on progress toward project objectives.
Therefore, the answer is project risk.
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To gain a better understanding of how to measure the quality of a process, teams must convert ________ to CTQ's through a diagramming process known as a ________.
To gain a better understanding of how to measure the quality of a process, teams must convert CTC Statements to CTQs through a diagramming process known as a Voc Tree.
Six Sigma aims to solve problems for which the solution is unknown. Such issues include reducing errors in calculations, increasing yields in chemical processes, reducing error rates in complex projects, and reducing days outstanding on accounts receivable.
The main goal of Six Sigma implementations is to improve quality. The term originally comes from sigma evaluation, which is used to statistically evaluate manufacturing processes in mechanical engineering. A Six Sigma process occurs when you expect a defect to occur 99.99966% of the time.
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If 86,500 pounds of raw materials are needed to meet production in august, how many pounds of raw materials should be purchased in july??
6,200 pounds of raw materials should be purchased in July.
What are raw materials?Raw materials are the goods or inventories required by a company to make its products. Steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals are examples of raw materials.The raw material purchases for July are computed as follows:
Required production in units of finished goods.Units of raw materials needed per unit of finished goods.Units of raw materials are needed to meet production.Add desired units of ending raw materials inventory.Total units of raw materials needless units of beginning raw materials inventory.Units of raw materials to be purchased.71,000 pounds × 10% = 7,100 pounds.
62,000 pounds × 10% = 6,200 pounds.
Therefore, 6,200 pounds of raw materials should be purchased in July.
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The correct question is given below:
If 71,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?
An informal laundering system known as _______ is similar to the modern practice of ""wiring money"" and was primarily used in south asia prior to the introduction of western banking.
An informal laundering system known as smurfing is similar to the modern practice of ""wiring money"" and was primarily used in south Asia prior to the introduction of western banking.
A Smurf is a money launderer who seeks to steer clear of scrutiny from government groups by breaking apart a transaction related to a big amount of cash into smaller transactions below the reporting threshold if you want to no longer be detected. similarly studying: Prevention of cash Laundering Act. Indian Polity Notes For united states.
Smurfing is a money-laundering approach regarding the structuring of massive amounts of coins into a couple of small transactions. Smurfs often unfold those small transactions over many distinct money owed, to maintain them under regulatory reporting limits and avoid detection.
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If a company wants to predict how much money it can make this coming year, it would benefit from developing a?
Company wants to predict how much money it can make this coming year, it would benefit from developing as short-term forecast.
Brief-time period forecasting predicts the enterprise's cash go with the flow for under 365 days, while lengthy-time period forecasting looks beyond one year. financial experts often be troubled over which one to use, but maximum companies want each.
A short-time period forecast gives you a glimpse of your corporation's immediately destiny (twelve months or much less) and assist you to make commercial enterprise decisions fast. the use of lengthy-term forecasts and projections allow you to see and find the potential problems that could emerge on your enterprise in the future.
Short-term forecasts are more accurate than lengthy-term forecasts: an extended forecasting horizon notably increases the risk of adjustments not recognized to us yet having an effect on future demand. A simple instance is climate-structured call for
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Paul light argues that contracting-out may be more expensive than allocating a task to civil servants because?
Government production might be more efficient than outsourcing when these prices overwhelm savings that might otherwise accrue from acquiring out.
Contracting civil servantsWhile supporting contracting as a viable tool for public sector managers, the public sector often pays insufficient attention to the costs of operating contracting out, and monitoring contractor compliance.
Contracting out is used as a means to provide essential public services and serve public functions in a wide range of country surroundings including delicate states, post-conflict nations, countries hit by natural disasters, stable developing countries, and industrialized countries.
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From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
From the consumer’s perspective, the elements of an IMC strategy can be viewed as being either "Passive or Interactive."
What is IMC strategy?The integrated marketing communications (IMC) plan transforms your marketing department from a collection of independent operations into one cohesive strategy.
IMC combines your numerous marketing materials and channels, including digital, social media, PR, and direct mail, into one trustworthy message.
The integrated marketing strategy includes-
IMC evaluation of a brand and also its main rivals.IMC Report CardIdentifying a brand's, an organization's, or a person's main communications outlets.Core strategy statement identification and adaptive messagingTimeline for the project, including deliverables and particular strategiesreporting and measurementEach integrated marketing communication approach should include three components:
the target customer, the channels used to deliver the message, and an assessment of the communication's effectiveness.To know more about integrated marketing communication strategy, here
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In the first step of SAFe's Continuous Delivery Pipeline, Product Owners and Product Managers do what activity?
In the first step of SAFe's Continuous, managers would Hypothesize on what would create value to their Customers.
What is SAFE continuous delivery?This is the term that is used to describe the process that has to do with the features that are existent in a staging environment. These are the features that are usually deployed into the environment from where they are to be readied for their release.
Hence we can conclude that the in first step of SAFe's Continuous Delivery Pipeline, Product Owners and Product Managers Hypothesize on what would create value to their Customers.
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_____ is an operational requirement of a global information system (gis) that includes accounting and financial data, manufacturing updates, inventory, and so forth
Consolidated global reporting is an operational requirement of a global information system (gis) that includes accounting and financial data, manufacturing updates, inventory, and so forth.
Reporting is the presentation of news in newspapers, radio and television. ... honest and impartial political reporting. Synonyms: journalism, writing, announcement, news broadcast A financial statement of an economic entity that presents the assets, liabilities, net worth, income, expenses, and cash flows of a controlling company and its controlling company as a single economic entity.
According to International, consolidated financial statements are "group financial statements presenting the assets, liabilities, equity, income, expenses and cash flows of a parent company and its subsidiaries as those of a single economic entity." Accounting Standard No. 27 “Consolidated and Separate Financial Statements” and International Financial Reporting Standard No. 10 “Consolidated Financial Statements”.
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How many additional units would the company have had to sell in 2020 in order to earn net income of $45,000?
The company should sell a total of 44,200 units in order to earn an income of $45,000
What is income?Income is the spending and saving opportunity acquired by an entity during a given time period, which is usually stated in monetary terms. Income is difficult to describe theoretically, as definitions vary across sectors.
Income is defined as the amount of money received by a person, group, or company over a specific time period. A salary of $70,000 per year is an example of income.
Income is money received by an individual or business in exchange for labor, the production of a good or service, or the investment of capital. Individuals normally earn money through wages or salaries, whereas corporations make money by selling goods or services for more than their cost of production.
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With respect to the development of scientific management, frederick taylor’s objective was to?
With respect to the development of scientific management, Frederick Taylor's objective was to increase productivity at work
This is further explained below.
What is scientific management?Generally, the administration of a company, industry, or economy based on efficiency principles obtained from trials in techniques of labor and production, particularly time-and-motion studies.
In conclusion, In terms of the development of scientific management, Frederick Taylor's goal was to raise worker productivity, and he aimed to do so in a number of ways.
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When consumer prices are increasing at a steady but reasonable rate this is considered a healthy level of?
When consumer prices are increasing at a steady but reasonable rate this is considered a healthy level of D) inflation.
Inflation is the rate of increase in prices over a period of time. Inflation is usually a broad measure, such as a general rise in prices or an increase in the cost of living in a country.
Although high inflation is generally viewed as detrimental, some economists believe low inflation could boost economic growth. The opposite of inflation is deflation, where prices tend to fall. The Federal Reserve is targeting 2% inflation based on the Consumer Price Index (CPI).
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________ relates to protecting employees from internal and external security risks.
Security is the protection from internal and external security risk to the employees.
Managing security and safety in the workplace entails taking responsibility for human resources. Management is responsible for protecting employees from risky and unanticipated events. Supervisors must guarantee that employees are working in a safe and secure environment so that they may work freely.
External threats are usually malevolent, with the aim of interrupting service, damage, and theft. Employee safety is the provision of a safe working environment for employees via the use of safe equipment and processes in the workplace to ensure worker safety.
Therefore, the answer is security.
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________ controls formalize standards, rules, procedures, and control disciplines to ensure that the organization's general and application controls are properly executed and enforced
Administrative controls formalize standards, rules, procedures, and control disciplines to ensure that the organization's general and application controls are properly executed and enforced.
Administrative controls are the controls which are a type of hazard control. They are used in order to improve safety within the workplace by putting policies and rules in place which reduces the occupational risk faced by workers by altering the way in which their work is performed.
Administrative controls include implementation of policies, rules, and schedules which support safety as well as the setting of safe operating procedures and standards.
It includes different training criteria, housekeeping duties, and maintenance practices in order to reduce exposure to different hazardous substances and dangerous tasks.
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Acne company has an agreement with a major credit card company that calls for cash to be:____
Acne company has an agreement with a major credit card company that calls for cash to be a variable cost.
Variable costs are fees that change as the extent of modifications. Examples of variable charges are raw substances, piece-rate hard work, production substances, commissions, shipping fees, packaging materials, and credit card costs. In a few accounting statements, the Variable fees of manufacturing are referred to as the “cost of goods offered.”
A variable cost is a price that adjustments in share to manufacturing output or income. While manufacturing or income boom, variable expenses increase; when production or income lower, variable prices lower.
Variable value system. To calculate variable costs, multiply what it costs to make one unit of your product via the full range of merchandise you've got created. This method looks like this: overall Variable charges = value in keeping with Unit x overall variety of units.
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Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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Business incubators provide assistance to established companies attempting to generate foreign sales.
a) true
b) false
Business incubators assist established companies attempting to generate foreign sales. This statement is false.
What is Business?The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services). Additionally, it includes "any activity or enterprise undertaken for profit." The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.What do you mean by the company?A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two. Members of the company work together for a shared cause to accomplish clearly stated objectives. Companies come in many shapes, including voluntary associations, such as nonprofit organizations, for-profit companies, banks, and programs, or educational institutions, whose goal is to make a profit.Learn more about Business here:
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Last year, ace electronics had cost of goods sold of $2,500,000. the average inventory value last year was $250,000. what was the inventory turnover for ace electronics last year?
The inventory turnover for Ace Electronics last year is A )10
Inventory turnover is an economic ratio showing how normally an employer has sold and changed stock for the duration of a given period. An employer can then divide the times in the duration by using the inventory turnover formula to calculate the days it takes to sell the inventory available.
In accounting, the inventory turnover is a degree of the variety of times stock is sold or used in a time period inclusive of a year. it is calculated to see if a business has an immoderate stock in evaluation to its sales stage.
The better the inventory turnover, the higher, since high inventory turnover generally manner an employer is selling items quickly, and there may be a vast call for their products. Low stock turnover, then again, might in all likelihood imply weaker sales and a declining call for an organization's merchandise.
Disclaimer: The question is incomplete. Please read below to find the missing content.
Question: Last year, Ace Electronics had a Cost of Goods Sold of $2,500,000. The average inventory value last year was $250,000. What was the inventory turnover for Ace Electronics last year?
A )10
B) 8
C) 4
D) 6
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The goal of ____ is to have the right product in the right place at the right time.
The goal of inventory management is to have the right product in the right place at the right time.
Field inventory management, commonly known as inventory management, is the ability to understand a company's inventory composition and the various demands for that inventory. Demand is influenced by external and internal factors and balanced by creating purchase requisitions to keep supply at reasonable or desired levels. Inventory management is also essential for other businesses.
Inventory Management helps businesses identify when and how much inventory to order. Track your inventory from product purchase to sale. This practice recognizes and responds to trends, ensuring that sufficient inventory is always available to fulfill customer orders and providing timely warning of shortages.
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By paying efficiency wages, firms contribute to higher unemployment because they:___.
By paying efficiency wages, firms contribute to higher unemployment because they unemployment insurance.
What is unemployment insurance?A joint federal-state program called unemployment insurance pays cash benefits to qualified workers. Although each state runs its own UI program, they all adhere to the same rules set down by federal law.The purpose of unemployment insurance payments (benefits) is to offer temporary financial support to unemployed workers who are out of work due to no fault of their own. Each state has its own unique conditions for beneficiaries' eligibility, benefit levels, and payment terms.Benefits are typically calculated as a percentage of your previous 52-week wages, with a maximum amount determined by each state. Benefits must be recorded on your income tax return since they are taxed at the federal and most state levels. You have the option of having the tax deducted from your payment.To learn more about unemployment insurance with the given link
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Question 8 of 12 At the time the insured purchased her life insurance policy, she added a rider that will allow her to purchase additional insurance in the future without having to prove insurability. This rider is called
At the time the insured purchased her life insurance policy, she added a rider that will allow her to purchase additional insurance in the future without having to prove insurability. This rider is called Guaranteed insurability.
What is the Guaranteed insurability?This is the term that is used to refer to the fact that a person is allowed to raise their coverage or medical insurance. It allows them to do this without having them to take any medical exam.
The insurance is a coverage that is issue to the citizens as a way of helping them to take care of certain circumstances. It could be home insurance, property or the normal health insurance.
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A monopolistically competitive firm ________ have excess capacity because its ________.
A Monopolistically competitive firm does have excess capacity because its demand curve is downward sloping.
Economists have recognized four types of markets. Monopolistic competition, perfect competition, oligopoly, and monopoly. Each has special qualities.
The benefits of monopolistic competition include a large number of businesses producing a distinctive good with no restrictions on entry into the market.
Because in the long term, D., the ATC of a monopolistically competitive firm is more than its minimum ATC, it has excess capacity.
A firm's capacity is maximized at the lowest Average Total Cost (ATC). If it has extra capacity, it can further reduce its cost. The Monopolistic Competition Market (MC) Equilibrium is located above the ATC minima in the graph below.
As a result, at equilibrium, the business in MC has excess capacity.
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A gini coefficient of _____ represents perfect income equality, while a gini coefficient of _____ represents perfect income inequality.
A gini coefficient of 0 represents perfect income equality, while a gini coefficient of 1 represents perfect income inequality.
Gini coefficient, measures profits distribution throughout a populace. developed by the Italian statistician Corrado Gini in 1912, it frequently serves as a gauge of economic inequality, measuring income distribution or, much less normally, wealth distribution among a population.
Gini coefficient, measures profits distribution throughout a populace. developed by the Italian statistician Corrado Gini in 1912, it frequently serves as a gauge of economic inequality, measuring income distribution or, much less normally, wealth distribution among a population.
Gini index less than zero,represents ideal profits equality, zero.relative equality, zero large earnings hole, and above zero.5 represents severe earnings hole. consequently, the caution stage of Gini index is 0. A coefficient of zero suggests a superbly same distribution of earnings or wealth within a populace.
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Compared to other industrialized nations, the united states has one of the ________ rates of childhood poverty.
Compared to other industrialized nations, the united states has one of the highest rates of childhood poverty.
Compared to other age groups, the poverty rate for people aged 65 and over is the highest. Older women are more likely to live in poverty than older men.
Positive effect on learning for children from 2 years old. The same positive effects as entertainment television for children over 4 years old.
The official poverty line income threshold is set by multiplying the 1963 inflation-adjusted minimum food cost by a factor of 3 and adjusting for family size, composition, and age of the head of household.
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Lisa is very picky about her peanut butter. she believes that the brand she buys tastes much better than any other brand on the market. lisa is clearly:________
Answer:
Schizotypal
Explanation:
...
So you them the answer you submit must be the d operators; they are pald $8. 10 an hour each and work 40 hours a week and 52 weeks a year. The machines break down periodically, resulting in annual repair costs of $1,320 for each and supplies cost $960 a year for each machine. Vill have a life of 5 years and a total disposal value at that time of $1, 500. The kodak system will require only 2 regular operators. Supplies wil be $3,600 per year. Kodak has offered the college a maintenance contract that covers all machine breakdowns; the cost of the contract is $1,020 per year. Total cost for all favor keeping the canon copiers, enter your net present value difference as a positive number; if.
The net present value for all favor keeping the canon copiers $6580
What is net present value?The net present value, also known as net present worth, is applied to a series of cash flows that occur at different dates. The present value of a cash flow is determined by the time elapsed between now and the cash flow. It is also affected by the discount rate. The temporal value of money is accounted for by NPV.
The term net present value (NPV) refers to the current total value of a future stream of payments. If the net present value (NPV) of a project or investment is positive, it signifies that the discounted present value of all future cash flows associated to that project or investment will be positive, and hence appealing.
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To stop an element from flowing into the space on the side of a floated element, you can code the ____________________ property
To stop an element from flowing into the space on the side of a floated element, you can code the clear property or float property.
The side of floating components that cannot float is specified using the clear property. The element's location with reference to floating objects is set or returned. The element will do so if it can fit horizontally in the area next to a floating element.
The clear CSS attribute determines whether a floating element must be positioned beneath another floating element. Equally applicable to floating and non-floating items is the clear characteristic.
The phrase "clear" signifies that no element may float on both sides. It is used when the following elements should only be displayed below and there is no need for any elements to float on the left or right side in relation to the specified element.
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