The following procedure is used by the Accounting Standard Board to create Indian accounting standards. Standard, exposure draft, preliminary draft, and final draft.
Which standard setting body creates Indian accounting standards using the following procedure?The procedure used by the Accounting Standard Board to create Indian accounting standards is as follows: (A) The exposure draft, the preliminary draft, the final draft, and the standard.
What steps does the IASB take to establish accounting standards?When processing a new standard, the "due procedure" entails four steps. The actions are as follows: Consultation on the agenda, planned research, planned standard-setting, planned maintenance, including planned post-implementation assessments.
Who formed the accounting standard Board?An Accounting Standards Board (ASB) was established by the Institute of Chartered Accountants of India on April 21, 1977, after realizing the need to integrate the various accounting principles and practices now in use in India.
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John wants to be seen ethical marketer he is wondering if his new advertising campaign is focused on attacking the competitors product rather than highlighting the benefits of his own product John's question relates to the___element of the marketing mix
John wants to be seen ethical marketer he is wondering if his new advertising campaign is focused on attacking the competitors product rather than highlighting the benefits of his own product John's question relates to the commotion element of the marketing mix.
Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services. It may involve choosing a target audience, choosing particular qualities or themes to emphasise in advertising, running advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the purchase price, discounts, warranties, and return policies. The seller, who is often a retailer or manufacturer, is responsible for marketing.
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scarcity means human wants for goods and services exceed the available supply. supply is limited because resources are limited. demand, however, is virtually unlimited. whatever the supply, it seems human nature to want more. true or false
Scarcity occurs when human desires for goods and services exceed available supply, and supply is limited because resources are limited; however, demand is virtually unlimited. Therefore the given statement is true.
What is scarcity?Scarcity occurs when the demand for a good or service exceeds the availability of that good or service. As a result, scarcity could indeed limit consumers' options, which ultimately comprise the economy. Understanding how goods and services are valued necessitates a grasp of scarcity.When human desires for goods, services, and resources outnumber available resources, scarcity occurs. Labor, tools, land, and raw materials are all needed to produce the goods and services we want, but they are scarce.As an example of scarcity natural resources, such as gold, oil, silver, and other fossil fuels, are inherently scarce. When demand outnumbers supply, these resources become scarce and prices may rise. Other commodities, such as diamonds, command a high price due to their scarcity and market control.To learn more about scarcity refer to :
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a hardware store accepts a debit card as payment for $200 worth of products. the debit card company charges a service fee of 3 percent. as a result of this transaction, total assets increase by:
As a result of this transaction, total assets increase by 6 we get $206
How do assets as a whole grow?Both the issuing of new shares of stock and an increase in retained earnings cause the book equity of a company to rise, which in turn raises total assets. The issuing of debt increases a company's obligations, which in turn raises the firm's overall assets.
Hardware business will take a debit card for purchases up to $200. The debit card provider levies a 3 percent service fee.
As a result of this transaction, total assets increase by
200 * 3 % = 6
200 + 6 = 206
As a result of this transaction, total assets increase by $206
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How did economic competition during the industrial revolution impact technological innovations?
The economic competition during the Industrial Revolution had a great impact on technological innovations. As businesses vied for customers, they sought out new methods to increase production and efficiency.
This resulted in a wave of new technologies that changed the way people worked and lived. These technologies included the steam engine, the cotton gin, and the locomotive, which increased production and allowed goods to be transported more quickly and efficiently.
Additionally, industrialization created new businesses and industries, which also spurred innovation as companies competed for customers. This led to new technologies such as the telegraph, telephone, and even the light bulb.
The economic competition during the Industrial Revolution propelled technological innovations forward and changed the way people lived.
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FILL IN THE BLANK. according to the bcg market share/market growth matrix, _____ typically require more cash than they generate.
According to the bcg market share/market growth matrix, cash cows typically require more cash than they generate.
What are cash cows?One of the four categories in the growth-share, BCG matrix known as a cash cow refers to a product, product line, or business with a significant market share in an established sector.
A company, item, or asset that will consistently provide cash flows over the course of its existence after being purchased and paid for is referred to as a "cash cow."
A cash cow is one of the four quadrants of the BCG matrix, which examines the value of various corporate divisions.
Cash cows belong to established, slowly expanding sectors, control a sizable portion of the market, and prosper with little investment. They are high reward, low risk investments.
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What I Have Learned
After knowing the salient features of word analogies and its types, write down your
valuable insights about the relevance of understanding various relationships of
words.
The lovely thing taught me about word relationships or analogies and detected whether or not his responses were supported by synonyms and antonyms that broadened our thinking.
Relationships can take many different forms. Relationships with family, friends, acquaintances, and romantic partners are the four sorts of relationships that are the subject of this section. No partnership has constant happiness. Similar to life, partnerships can experience ups and downs. However, you can discover that your relationships get stronger if you develop abilities in empathy, communication, conflict, commitment, and love. The connection between the couple is strong, cozy, and caring. According to research, best friends have the happiest and longest-lasting relationships because they enjoy one another's company, rely on one another for emotional support, spend their free time together, and have a lot in common.
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fill in the blank. activities that include finished goods are considered ______activities.
Activities that include finished goods are considered production activities.
Production is the process of mixing several inputs, both immaterial (such as plans or information) and immaterial (such as metal, wood, glass, or polymers), in order to produce output. A valuable good or service that enhances people's utility will be this output's ideal form. Manufacturing things and products out of components or raw materials is referred to as production. In other words, manufacturing employs inputs to create an output that is fit for consumption a good or product that has value for an end-user or consumer. There are five primary types of production: mass production, batch production, job production, just-in-time production, and flexible manufacturing system.
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Answer:sales
Explanation:
When the price of a good rises total revenue will fall if the good is elastic in demand?
When a good is elastic in demand, an increase in price will lead to a decrease in total revenue. This is because an increase in price will lead to a greater decrease in quantity demanded than an increase in price.
This means that total income will decrease as the price of goods increases. When a good is inelastic in demand, an increase in price will lead to an increase in total revenue. This is because an increase in price will lead to a smaller decrease in quantity demanded than an increase in price, resulting in an overall increase in total revenue. Therefore, when the price of a good rises and the good is elastic in demand, total revenue will fall.
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What cost ter best fits the following descriptions? Choose from the folowing list of terms: direct cost, indirect cost cost object, trace, alocate, and assign. Terms may be used more than once cost object direct cost assign indirectos allocate Anything for which a manager would like to know the cost
Anything for which a director would like to know the cost stylish fits the following descriptions. In this case, Option D is correct.
A director is a person who oversees a specific area of a business, or they" manage" the business. directors may be in charge of a department and the labor force within it. In some situations, the director is in charge of the entire company. For case, a" eatery director" is in charge of the entire establishment. A director is someone who primarily performs directorial duties. They ought to have the authority to hire, fire, discipline, conduct performance reviews, and keep track of attendance. also, they ought to be suitable to authorize overtime and holiday
time. The person in charge is he or she. Managing labor force or a particular division of the business on a diurnal base is another responsibility of the director.
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why should you avoid interest rate deals like zero-percent interest?
you avoid interest-rate deals like zero-percent interest they make you think you can get a loan to finance your purchase without paying any extra interest.
Finance is the look at and discipline of cash, forex, and capital assets. it's miles related to, however no longer synonymous with economics, that's the take a look at of production, distribution, and consumption of cash, belongings, items, and services (the subject of financial economics bridges the 2). Finance sports take region in economic systems at various scopes, consequently, the sector may be more or less divided into non-public, company, and public finance.
In a financial gadget, assets are sold, offered, or traded as economic instruments, which include currencies, loans, bonds, stocks, shares, options, futures, and many others. the property also can be banked, invested, and insured to maximize fees and minimize loss. In practice, dangers are constantly found in any monetary action and entities.
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when an auditor has substantial doubt about an entity's ability to continue as a going concern because of the probable discontinuance of operations, the auditor most likely would express a qualified opinion if:
When an auditor has substantial doubt about an entity's ability to continue as a going concern because of the probable discontinuance of operations, the auditor most likely would express a qualified opinion if: Management has no plans to reduce or delay future expenditures.
An auditor is a person or a corporation that a company hires to carry out an audit. A person must be qualified by the organisation that oversees accounting and auditing, as well as meet other requirements, in order to operate as an auditor. Generally speaking, a person needs a certificate of practice from the regulatory body in order to serve as the company's external auditor.
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even though you believe college tuition should be increased to meet rising expenses, you go along with a group of friends as they organize a protest for lower tuition. this is an example of:
To maximize benefits and cut down on expenditures is the goal of this trade.In keeping with this notion, people evaluate the advantages and disadvantages of their social connections.
What does it mean that people engage in a way that maximizes benefits and minimizes costs? You join a group of friends as they plan a demonstration for cheaper tuition, despite the fact that you think college tuition should be raised to keep up with rising costs.Identification is demonstrated by this.According to the social exchange theory, exchange processes lead to social behavior.To maximize benefits and cut down on expenditures is the goal of this trade.In keeping with this notion, people evaluate the advantages and disadvantages of their social connections.Government elections call for voting in secret so that we are not subject to outside pressure because it has been found that replies are more likely to be conformist when they are public than when they are private.When kids must publicly cast their votes for something, the Asch effect is plainly visible.To learn more about maximize benefits refer
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a company that sells hand-carved statues from rural indonesia online is using a strategy:
It is doubtful that competitors will be able to market the same product, hence this is an example of a product differentiation approach.
What does a product differentiation strategy look like in practice? It is doubtful that competitors will be able to market the same product, hence this is an example of a product differentiation approach.When a business highlights a feature of a newly introduced product to the market that distinguishes it from similar products previously available on the market, this is an example of product differentiation.Since their vehicles are cutting-edge, luxurious, and battery-powered, Tesla, for instance, stands out from other auto firms.Products that may compete against extremely similar competing products are referred to as "differentiated products."These are only a few typical instances of differentiated items, along with automobiles, smartphones, laptops, footwear, and probably most importantly, bottled water.
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to evaluate what happens if the price of dunkin' donuts coffee falls but the price of a starbucks latte stays the same, we use the
If the price of Dunkin' Donuts coffee falls but the price of a Starbucks latte stays the same, it is likely that more people will purchase Dunkin' Donuts coffee over Starbucks. This could lead to a drop in sales for Starbucks and an increase in sales for Dunkin' Donuts.
It could also lead to a shift in consumer preferences, with more people turning to Dunkin' Donuts for their coffee needs. This could have a significant impact on the coffee industry, with Dunkin' Donuts gaining more market share, while Starbucks may suffer a decrease in popularity. Ultimately, the outcome of this price change could be determined by consumer behavior and preferences, which could have a lasting effect on the coffee industry.
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Sophie speaks very quickly and the way she communicates with Alonso confuses him. She also comes across as very aggressive. It seems she lacks ______ skills which are part of ______ skills.
Multiple Choice
soft; human
technical; soft
conceptual; technical
conceptual; soft
soft; technical
She also comes across as very aggressive. It seems she lacks soft skills which are part of technical skills.
What are soft skills?Non-technical skills related to your work style are known as soft skills. They include of your interactions with coworkers, problem-solving techniques, and time management techniques. Non-technical talents, or soft skills, have an impact on your success at work.
Workstyle is related to soft skills. Interpersonal skills, communication skills, listening skills, time management, problem-solving abilities, leadership, and empathy are just a few examples of soft skills.
Due to the importance of soft skills for almost every job, they are among the top abilities hiring managers look for in job seekers.
Soft skills are often sought after by hiring managers since they help employees succeed in the workplace. The personal qualities, personality traits, and communication skills required for success in the workplace are referred to as soft skills.
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When buying a business, competition must be investigated becausea. price competition may affect profits.b. new competition may reduce market share.c. competition may be spending more money on advertising than you.d. all of the above
Competition is an important factor to consider when buying a business. It is important to investigate competition because it can affect profits, market share, and overall success. Price competition can significantly reduce profits, as customers will likely purchase the cheapest option available.
Therefore correct answer is a. price competition may affect profits
Similarly, new competition can reduce market share and profits, as the business will have to compete for customers in the same space. Lastly, competition may be spending more money on advertising than you, which can further reduce market share and profits if they are able to capture more customers than you. It is important to investigate competition before buying a business in order to be aware of any potential issues that may arise.
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From the perspective of access to capital, the best form of business organization is the
S corporation. corporation. partnership. sole proprietorship.
Option b is Correct. The corporation is the finest type of business organization in terms of access to finance.
The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities. Additionally, corporations require more thorough reporting, operational procedures, and record-keeping. corporation, sometimes known as a C corp, is a separate legal entity from its owners.
Corporations are able to generate revenue, pay taxes, and face legal consequences. Corporations must pay income tax on their profits, unlike single proprietors, partnerships, and LLCs. Sometimes, corporate profits are taxed twice: once when the business makes a profit and once again when shareholders get dividend payments on their personal tax returns. The lives of corporations are entirely independent.
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Correct Question:
From the perspective of access to capital, the best form of business organization is the _______.
a. Sole proprietorship
b. Corporation
c. Partnership
d. S Corporation
human mad resources (such as tools, equipment, and structures) used to produce other goods and services is called
Any resources that are made by humans and used to create other goods and services are called capital.
Workforce, money, technology, and land are the four economic resources. Entrepreneurship and technology are concepts that are frequently used in the same sentence. natural resources that are used to create goods and services.Land includes things like timber, raw materials, fish, soil, minerals, and energy sources, to name a few.According to economists, the four elements of production are land, labour, capital, and entrepreneurialism. These could be thought of as the basic components of an economy.Any technical system uses seven main types of resources: people, information, materials, tools and machines, energy, capital, time, and others. There are a limited number of resources left on the planet, therefore we must use them wisely.
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What Are Some Examples of Free Market Economies?
Singapore, Australia, Switzerland, the United Kingdom, Canada, and Ireland are some economies that are generally regarded as having free market economics.
As opposed to an economy that is subject to government controls, a free market is one that is governed by market buyers and sellers. In a command economy, prices are established by a central government agency, which also plans the production variables and the utilization of resources.
With some government control, the American economy is primarily a free market economy—a market where supply and demand determine prices. After 1991, India loosened governmental restrictions on the economy and embraced a free market approach.
Unsurprisingly, trade with neighboring nations increased. Our contribution to global trade increased. Laissez-faire capitalism is sometimes referred to as the "free market." When most people talk about it.
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The price received by sellers in a market will decrease if the government____
If the government lowers a legally binding price ceiling in that market, sellers will receive less money.
What happens when the government removes a price floor?When the price floor is lifted, the surplus is eliminated as a result of price reductions, which causes a rise in quantity sought and a fall in quantity provided until they are equal.
What happens when prices are controlled by government?The government has been urged to enact pricing controls as inflation increases. However, the price of such regulations rises with their duration and breadth. Pricing divides up limited resources. Due to the distorted signals caused by price regulations, there is an ineffective distribution of products and services.
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Martha earns a weekly salary of $1428 plus 4% commission. Last week, she sold $1846 worth of products. What was her gross pay?.
Answer:1051.84
Explanation:
i just know aight
Answer: -360.88
Explanation:
Starch and cellulose _____.
(a) Are cis-trans isomers of each other
(b) Can be digested by humans
(c) Are polymers of glucose
(d) Are structural components of the plant cell wall
(e) Are used for energy storage in plants
Answer:
starch and cellulose are used for energy storage in plants
Explanation:
Option (c), Glucose polymers include starch and cellulose.
Do cellulose and starch contain glucose?All of the molecules in both starch and cellulose are repeating units of glucose since they are both homopolymers of glucose. The structure of the glucose molecules varies, however, depending on how they are connected. Two kinds of glucose polymers, amylose and amylopectin, are utilized to create starch.
Why are glucose polymers present in cellulose and starch, respectively?Starch and cellulose are two related polymers that are commonly found. In fact, they are both formed of the same monomer, glucose, and share the same replication units based on it. Only one difference exists. The glucose-repeat units of starch are all parallel to one another.
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what did the federal deposit insurance corporation insure?
The federal deposit insurance corporation insure is the FDIC insures deposits.
Who did the Federal Deposit Insurance Corporation?The Banking Act of 1933, which included provisions that founded the FDIC, was signed by President Franklin Roosevelt on June 16, 1933. The two key players in the creation of the law, Sen. Carter Glass of Virginia and Rep. Henry Steagall of Alabama, were to Roosevelt's immediate right and left.Deposits are insured by the FDIC, which also oversees receiverships, makes huge and complicated financial institutions resolvable, and inspects and supervises financial institutions for safety, soundness, and consumer protection.The FDIC insures deposit products such as checking and savings accounts, CDs, and MMDAs. Depending on the ownership type, you may be eligible for a certain level of FDIC insurance coverage. This mainly refers to how you manage your finances.To learn more about federal deposit refer to:
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Property, plant and equipment
Accounts payable
Inventories
Property, plant, and equipment are difficult to convert to cash, despite the fact that they are crucial to company operations over the long term. They are not payable inventories physically.
According to accounting terminology, an intangible asset is something valuable that doesn't have a physical component. Property, plant, and equipment (PPE), on the other hand, are exactly what their name suggests. PPE, or physical long-term assets, are things that are clearly present physically but are essential to a country's financial system. Samples involve machinery and other things.
Machines made by the company that is available for purchase fall under the inventory classification instead of the PPE classification. This also stands true for real estate firms that own either buildings or land.
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The complete question is-
what are Property, plant, and equipment and are they payable inventories?
what does it mean when an artist sells their catalog
When musician sells their catalog, it means they are selling rights to their music.
What are rights?Fundamental normative rules about what people are permitted to do or are owed in accordance with a specific legal framework, social norm, or ethical theory are known as rights. Thus, legal, social, or ethical principles of freedom or entitlement are known as rights. Rights are essential in disciplines like law and ethics, especially in theories of justice and deontology. The definition and redefinition of rights have been attempted throughout the history of social strife. The term "natural rights" refers to those that are "natural" in the sense of "not artificial, not man-made," such as those that derive from a deity's laws or from human nature. Since they are universal, they hold true for everyone and are not influenced by the social mores of any one particular group.
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Complete Question:
what does it mean when an artist sells their catalog?
Which of the following aspects relate to the information provided in an income statement?-Assurance that the company will pay dividends to stockholders-Assurance that the company will pay its obligations when they become due-Ability to earn a profit from its operations during the current period
The correct response is c. Ability to earn a profit from its operations during the current period.
Both revenue and profit are positive indicators for your company, but the terms shouldn't be used interchangeably. Both provide an essential means of comprehending your company. Profit is the net money left over after deducting costs from earnings, whereas revenue is the income created by business operations. Profit is the amount of revenue that is left over after all costs, obligations, sources of new revenue, and operating costs have been taken into account. While both revenue and profit refer to the money a company makes, it is feasible for a corporation to make both revenue and a net loss at the same time. No, the two measurements have significant disparities. Profit is what remains from your income after costs are subtracted from it. Cash flow is the money that comes into and goes out of your firm over the course of a certain period.
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question a landowner leased a store to a grocer for a term of five years at $10,000 per year, payable in monthly installments. the lease permitted assignments and subleases. after occupying the premises for two years and paying the rent, the grocer transferred the remaining three years of the term to a florist. the agreement between the parties did not have a specific provision regarding payment of rent, instead just referring to the original lease provisions. the florist occupied the premises for two years but paid rent only for the first year. with one year left on the original lease, the florist transferred her leasehold interest to a barber. the barber occupied the premises for one year but did not pay any rent. the landowner brought an appropriate action against the grocer, the florist, and the barber to recover the rent. against whom may the landowner recover?
The grocery store and florist each received $10,000, as well as the grocery store and barber each received $10,000.
What distinguishes a landowner from a landlord?An owner is someone who has complete legal and physical possession of an item, piece of property, piece of land, or piece of intellectual property, as opposed to a landlord.
Can leased property be sold?As long as you have a long lease, selling a leasehold home is actually quite similar to selling a freehold property. Ideally, you should extend the lease before selling if it is about to reach 80 years because it could lower the value of your house.
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What is the name given to the highest-valued alternative that must be given up to engage in any activity?
Name given to the highest-valued alternative that must be given up to engage in any activity is opportunity cost.
Highest-valued alternative that must be given up to engage in any activity is known as opportunity.
An opportunity cost is the highest valued alternative foregone whenever one chooses an alternative. On the production possibilities curve, a movement between points that yields a loss of one good in order to raise the output of another good will maintain efficient production.
Examples of high value-added activities include designing products, delivering products, processing customer orders, and improving product quality.
Examples of Opportunity Cost. Someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it.
Benefits foregone by not choosing an alternative course of action. Opportunity cost is the future income or cost that would have been earned or incurred if this alternative was chosen.
The concept of opportunity cost is used in decision-making to help individuals and organizations make better choices, primarily by considering the alternatives. Opportunity costs incorporate the cost and benefit of each choice, which can at times be challenging to estimate. Opportunity costs are forward-looking.
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areajanet and denise have both been given $15,000 by their grandparents today on their 21st birthdays. they want to save for their future and have aspirations of one day being millionaires. each woman plans to make annual contributions on her birthday, beginning next year. janet and denise have each opened investment accounts at the 1st national bank and 2nd national bank, respectively, and they expect to earn nominal returns of 6% and 7%, respectively. janet has already decided to deposit $7,500 each year into her investment account, while denise is unsure of the amount she will deposit annually. how many years will it take janet before she reaches her investment goal of $1 million?
It will take Janet 35.76 years to reach her investment goal of $1 million.
What is an Investment?
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort.
In the world of finance, investing is done in order to profit from the asset being put to use. A gain (profit) or loss realised through the sale of a home or investment, unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a mix of capital gain and income may all be included in the return. The return may also include foreign exchange profits or losses as a result of shifting exchange rates.
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At Haptic Manufacturing, all employees are required to take safety training every six months. The top executives understand the importance of the training but also know that putting all employees through the training every six months is down time for the plant. They have devised a way to have all employees take the training that will keep the plant fully operational and compliant with the training requirement. How do you think they solved the problem?A. They developed on-the-job learning and development.
B. They created cross-sector teams so no one team had to shut down.
C. They hired a trainer to go to each employee individually.
D. They created microtrainings which could be done on breaks.
E. They required off-the-job learning and development
The senior management at Haptics Manufacturing can handle the need to take on all staff.
A. They developed on-the-job learning and development.
Scheduling is the process of planning, controlling, and optimizing work and workloads in a manufacturing or production process. Scheduling is used to allocate funds for structures and equipment, get ready for hiring staff, set up work procedures, and make purchases.
In this case, a rooster will be constructed using scheduling to correctly assign each employee's safety training in line with their schedule. The overall schedule will allow for both work and training to happen at the same time for those who will be doing both.
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