Supply chain management is critical for healthcare organizations, particularly during a pandemic. By implementing strategies such as demand forecasting, inventory management, supplier diversification, collaboration, and innovation, healthcare organizations can effectively manage supply shortages during times of increased demand.
The COVID-19 pandemic has indeed placed significant strains on the healthcare supply chain. Supply chain management (SCM) is crucial for healthcare organizations because it ensures the availability and efficient distribution of essential medical supplies, equipment, and medications. Additionally, SCM helps healthcare organizations optimize their inventory levels, minimize costs, and improve overall patient care.
To manage supply shortages during times of increased demand, healthcare organizations can employ several strategies:
1. Demand forecasting: Accurate prediction of future demand is essential. Healthcare organizations can analyze historical data, consider population trends, and monitor the progression of the pandemic to forecast demand for medical supplies and equipment.
2. Inventory management: Implementing efficient inventory management practices is vital. Healthcare organizations should regularly assess their stock levels, identify critical items, and establish minimum stock thresholds. They can also collaborate with suppliers to develop emergency response plans and prioritize deliveries.
3. Supplier diversification: Relying on a single supplier can be risky. Healthcare organizations should establish relationships with multiple suppliers to ensure a steady supply of essential items. This can mitigate the impact of disruptions in the supply chain.
4. Collaboration and coordination: Collaboration among healthcare organizations, suppliers, and government agencies is essential. Sharing information, coordinating efforts, and pooling resources can help address supply shortages effectively and ensure equitable distribution of resources.
5. Adaptability and innovation: Healthcare organizations should remain flexible and open to alternative solutions. They can explore innovative approaches, such as 3D printing of critical supplies, repurposing existing equipment, and implementing telehealth technologies to minimize the strain on the supply chain.
In summary, supply chain management is critical for healthcare organizations, particularly during a pandemic. By implementing strategies such as demand forecasting, inventory management, supplier diversification, collaboration, and innovation, healthcare organizations can effectively manage supply shortages during times of increased demand.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,800, $198,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. The cash payments for manufacturing in the month of June are:___________.a. $212,750b. $183,200c. $183,950d. $217,600
Answer:
c. $183,950
Explanation:
The calculation of cash payments for manufacturing in the month of June is shown below:-
Cash payment = 3 ÷ 4 × June Manufacturing Costs + 1 ÷ 4th × May Manufacturing Costs
= ($217,600 - $28,800) × 3 ÷ 4 + ($198,200 - $28,800) × 1 ÷ 4
= $188,800 × 0.75 + $169,400 × 0.25
= $141,600 + $42,350
= $183,950
So, we have applied the above formula.
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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What does GOP mean in America?
A large party One of the two major political parties in the United States, together with the Democratic Party, is the Republican Party, also known as the Grand Old Party (GOP).
The Republican Party opposed the expansion of slavery into the nation's new territories during the 19th century and finally advocated for the outright abolition of slavery. The party became known for its laissez-faire capitalism, low taxation, and conservative social programs during the 20th and 21st centuries. In the 1870s, the party adopted the acronym GOP, which is frequently pronounced "Grand Old Party." The elephant that serves as the party's official symbol was taken from a Thomas Nast cartoon that was created in the 1870s.
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When a team agrees on the level of performance expected by each member, they have a _____.
shared standard
collaborative effort
unified commitment
team structure
THE ANSWER IS SHARED STANDARD
Answer:
shared standard
Explanation:
Teamwork refers to the collective approach towards the completion of a common goal. Methods and sources are agreed upon by each member of the team and the focus is relied on the achievement of the goal. Each individual works together and extend their efforts collectively. Shard standard refers to the level of acceptance on a particular point that each team member agrees on. Merging at a certain point is very essential part of teamwork. Disagreement among the team members may cause the team work fall behind.
The taylor rule puts _________ as much weight on closing the unemployment gap as it does on closing the inflation gap.
Taylor's rule puts double weight on closing the unemployment gap in comparison to the inflation gap.
What is inflation?Inflation is the scenario where the price of goods or services is increased in such a way that results in decreasing the purchasing power of people.
The focus of Taylor's principle is to close the gap in unemployment by much double weight in contrast with the gap in inflation. It wants that the unemployment gap should be twice the inflation gap at the time of closing.
Therefore, the twice weight should be put up on unemployment as suggested by the rule of Taylor.
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what are some of the ethical issues in the video and what is the potential impact on the organization the office
The term "ethical issues in the video" refers to situations where a moral conundrum occurs within an organization. In the workplace, there are five main categories of ethical problems: unethical accounting, harassment, health and safety, technology, privacy, social media, and discrimination.
Examples of ethical conundrums include: giving others credit for their work. For your own profit, providing a customer with a subpar product. using insider information to your advantage.
The five most pressing ethical problems facing businesses
Business ethics concerns include unethical accounting, social media ethics, harassment and discrimination, health and safety, and technology/privacy.
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There is a difference between Ethics and Law.
Write a paragraph explaining what ETHICS are and write a paragraph explaining what the LAW is.
Then write a paragraph on how ethics and law are similar and write a paragraph on how ethics and law are different.
You will be writing a total of 4 paragraphs. In your explanation paragraphs, you should include examples as well.
Answer:
Ethics are a thing of morals. They are someone's beliefs and opinions on what is right and wrong, and differ from person to person. Ethics are decided based on a persons upbringing, experiences, and social status; other things also play a part, but these are usually the most decisive factors. Ethics govern one's behaviour; people live their lives in many different ways based on these principals, despite the fact that a lot of the time there is no law telling them to, e.g. someone not swearing because they think it's wrong, despite there being nothing prohibiting them from doing so.
Law is the system of rules which a country and its inhabitants must abide. Laws are in place to make everyone behave "correctly", and while they do limit the actions of many, some do break them. If a person refuses to follow the law, or breaks one of them, they are punished either with a fine, jail time, and in some places, death.
Both ethics and law are meant to stop someone from behaving a certain way. They are both a set of rules, and while some of those rules are bent or broken in both cases, for the general population they do their job in making sure the person they're trying to control actually listen. You could also say both come with the threat of penalty if disobeyed; breaking the law is often followed by fines and sometimes jail time, breaking your ethics is often followed by intense feelings of guilt and sometimes effects on ones mental health.
However, unlike ethics, laws do not differ from one person to another, and are the same for everyone living in the subject country. For example, the law prohibiting murder applies to everyone, but the ethical choice not to smoke doesn't. Both have effects on peoples lives and how we all behave, but law is imposed by the government and is something that must not be broken, while you personally decide whether or not it's okay to break your morals; your ethics change as you grow and mature as a person, your laws do not.
Step-by-step explanation:
i hope this is okay! i dont take this subject but ive been told im okay at writing, so im hoping it makes enough sense. its like 3am for me so im putting any spelling or grammar mistakes down to that lol. sorry if its not right! have a nice day/night
Opportunity cost arises from the fundamental economic problem of?
Due to the underlying economic issue of limited resources and unending demand, opportunity cost exists. Individuals and society must decide how to use available resources resources most effectively in order to satisfy their desires .
Opportunity cost is a result of the main economic issue of?Opportunity cost is the value of other commodities or services you must forgo in order to get your desired item. The term "cost" as used by economists typically refers to opportunity cost.When economists speak of a resource's "opportunity cost," they are referring to the cost of the next-highest alternative usage of that resource.We are all forced to face the depressing truth that there are limitations to our abilities due to scarcity. The only option we can do is always want more. Every time we do anything, we have to give up doing something else that would be more desired due to scarcity. Every action we take has an opportunity cost, which is measured by the most valuable option that is foregone.Thus, due to the underlying economic issue of limited resources and unending demand, opportunity cost exists.
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select all that apply atz co. sells equipment that cost $9,000 with current accumulated depreciation of $8,000 for $2,000 cash. to record this transaction, atz will credit which accounts? (check all that apply.) multiple select question. equipment gain on sale of equipment depreciation expense loss on sale of equipment accumulated depreciation - equipment
ATZ will credit Equipment, Gain on Sale of Equipment, and Accumulated Depreciation - Equipment accounts.
In this transaction, ATZ sells equipment originally costing $9,000 with accumulated depreciation of $8,000 for $2,000 cash.
To record the transaction, ATZ will credit the Equipment account for the original cost ($9,000), the Accumulated Depreciation - Equipment account for the depreciation amount ($8,000), and the Gain on Sale of Equipment account for the difference between the cash received ($2,000) and the equipment's net book value (original cost minus accumulated depreciation, or $1,000).
The Gain on Sale of Equipment will be credited for $1,000.
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the economic philosopher that argued that economic innovation comes from allowing the business cycle to work itself out without government intervention so as to allow more productive business to emerge was?
The economic philosopher who argued that economic innovation comes from allowing the business cycle to work itself out without government intervention, so as to allow more productive businesses to emerge, was Joseph Schumpeter.
Joseph Schumpeter (1883-1950) was an Austrian economist and political scientist who is best known for his theories on business cycles and the concept of "creative destruction." Schumpeter believed that the economy goes through a natural cycle of ups and downs, and that government interference in the economy could potentially hinder the process of creative destruction.
Creative destruction, according to Schumpeter, is the process through which old, less efficient businesses and industries are destroyed to make way for newer, more efficient, and innovative ones. This process is the driving force behind economic growth and development. Schumpeter argued that by allowing the business cycle to work itself out without government intervention, society could benefit from the rise of more productive businesses.
In essence, Schumpeter believed that economic innovation is the result of the constant competition between businesses, where new and innovative ideas drive economic progress. When the government intervenes in the economy, it may artificially prop up inefficient businesses and industries, slowing down the process of creative destruction and ultimately hampering economic growth.
To sum up, Joseph Schumpeter, as an economic philosopher, maintained that allowing the business cycle to work itself out without government intervention is crucial for fostering economic innovation and promoting the emergence of more productive businesses. This process of creative destruction is essential for driving economic growth and development.
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What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?
Answer:
I believe that the transaction would fail giving you some text similer to "Transaction failed, please try again." or "Insufficient funds."
Employment assessments are only used during the hiring phase of employment.
Please select the best answer from the choices provided
OT
OF
Answer:
False
Explanation:
The given statement is false, that the Employment assessments are only used during the hiring phase of employment.
What is the Employment assessments?Employee assessments are defined as the evaluations or performance appraisals that i s mostly used to examine the performance and productivity of employees of the company, which is hiring.
These examinations measure aptitude, personality and skills. The typical purposes of employee evaluations include pay review, promotions, performance improvement, terminations, etc.
For job testing, several forms of assessments, such as personality tests, work samples, intelligence tests, and assessment centers, may be employed. Employers frequently utilize more than one to increase predictive power, since some correlate work performance better than others.
Therefore, it is false.
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A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.
Answer:
differential rate.
Explanation:
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a differential rate system.
According to Frederick Winslow Taylor, a mechanical engineer and father of scientific management, some efficient workers may earn higher wage than their colleagues.
If interest rates fell after the issuance of a bond and the company decided to retire the debt early, would you expect the company to report a gain or loss on debt retirement? How would the company's balance sheet and income statement be affected?
If interest rates fell after the issuance of a bond and the company decided to retire the debt early, the company would likely report a gain on debt retirement. This is because the company would be able to repay the bond at a lower interest rate than initially agreed upon.
On the balance sheet, the company's liabilities would decrease as the debt is retired. The gain on debt retirement would be reported as a non-operating income item on the income statement, increasing the company's net income.
However, it's important to note that the exact impact on the balance sheet and income statement would depend on various factors, such as the terms of the bond and any associated costs or fees with early debt retirement.
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in august 2014, zano orders 10 guitars from music retailers for his class which is scheduled to start in january, 2015. after two months, music retailers notifies him that it cannot fill his order by the start of his class. this notification is an anticipatory breach of contract.
The music retailer's notification that they cannot fill Zano's order of 10 guitars by the start of his class in January 2015 constitutes an anticipatory breach of contract. This breach occurs when one party indicates, before the agreed-upon performance date, that they will not be able to fulfill their obligations under the contract. Zano now has the option to wait or seek alternative solutions.
The notification from the music retailer stating that they cannot fulfill Zano's order of 10 guitars by the start of his class in January 2015 is indeed an anticipatory breach of contract.
An anticipatory breach of contract occurs when one party to a contract indicates, before the agreed-upon performance date, that they will not be able to fulfill their obligations under the contract. In this case, the music retailer's notification to Zano that they cannot fill his order by the start of his class in January constitutes such a breach.
To put it simply, the music retailer's message indicates that they will not be able to deliver the guitars as agreed upon. This breach of contract occurs even before the actual performance date, which is in January 2015.
As a result of this anticipatory breach, Zano has a few options. He can choose to wait until the performance date (January 2015) to see if the music retailer will still be able to fulfill the order. Alternatively, Zano can consider the contract terminated and seek alternative solutions, such as finding another music retailer who can provide the guitars on time.
In summary, the music retailer's notification that they cannot fill Zano's order of 10 guitars by the start of his class in January 2015 constitutes an anticipatory breach of contract. This breach occurs when one party indicates, before the agreed-upon performance date, that they will not be able to fulfill their obligations under the contract. Zano now has the option to wait or seek alternative solutions.
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Sean, Pete, Tom, and Mark formed a partnership to start a water damage restoration business. Each partner has a 25% interest, and all debt and profits are shared equally among the partners. Sean contributed cash of $20,000 and property with a FMV of $130,000, a basis of $80,000, and a mortgage of $50,000. Pete contributed services. Tom contributed cash of $50,000 and property with a FMV of $60,000, a basis of $40,000, and debt of $10,000. Mark contributed cash of $25,000 and property with a FMV of $95,000, a basis of $85,000, and debt of $20,000. All debt was assumed by the partnership. Which partner has a basis in partnership interest of $95,000
Answer:
Pete
Explanation:
In a partnership ( limited ) as seen in the question, The general partner has an unlimited liability to debt owed by the partnership to its creditors hence he will bear the highest proportion of the basis in partnership interest. which is $95,000
A general partner runs the partnership business by providing services that will keep the partnership going ( i.e. runs the business on behalf of other limited partners )
Toxic materials, of an abnormally dangerous nature, were being transported by truck from a manufacturer's plant to a warehouse when some of the materials leaked from the truck onto the street a few miles from the plant. A driver lost control of his car when he hit the puddle of spilled toxic materials on the street, and he was injured when his car hit a stop sign. In an action for damages by the driver against the manufacturer based on strict liability, is the driver likely to prevail
Answer:
No, because the drivers injury did not result from the toxicity of the materials.
Explanation:
In the context, a strict liability in this situation will be based on abnormally dangerous nature of the toxic materials that the manufacturer produces. But the strict liability action is required that the risk which materializes to be the same risk which lead the courts to be label the event as 'abnormally dangerous' in its first place itself. In this situation, the toxicity of the materials is not the cause of the injury of the driver, the driver's only cause of action is his negligence while driving.
In which learning path activity do you analyze cases in a step-by-step manner to understand how the law affects business?.
A Learning Path activity that involves analyses of cases in a step-by-step manner to understand how the law affects business is Case Problem Analysis.
What is Case Problem Analysis.?
A case problem analysis can be regarded as a learning path that involves investigation of a business problem as well as the , examination of the alternative effective solution.
Therefore, Case Problem Analysis involves analyses of cases in a step-by-step manner to understand how the law affects business .
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Explain the role of the Board of
Directors in a public company?
Provide FOUR points.
Answer:
A board of directors is essentially a panel of people who are elected to represent shareholders. ... The board is responsible for protecting shareholders' interests, establishing policies for management, oversight of the corporation.
Hope it helps a bit.
An increase in the current account deficit will place ____ pressure on the home currency value, other things equal.
a. upward.
b. no.
c. upward or downward (depending on the size of the deficit).
d. downward.
When there is an increase in the current account deficit, this will place downward pressure on the home currency value and other things equal.
What is a deficit in current account?A deficit in current account happens when total value of goods and services a country imported exceeds the total value of goods and services exported.
Hence, in that situation where there is an increase in the current account deficit, this will place downward pressure on the home currency value and other things equal.
Therefore, the Option D is correct.
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A company that uses a standard cost system completed 5,000 units of product. The standard cost was $3. 25 per unit and the actual cost was $3. 00 per unit. Transferring the completed goods to finished goods inventory requires a journal entry that
To transfer the completed goods to the finished goods inventory in a standard cost system, you need to record the difference between the standard cost and the actual cost.
In this case, the actual cost is lower than the standard cost, resulting in a favorable variance. Here's the journal entry:
Date: [Date of the transfer]
Debit: Finished Goods Inventory [Cost of Goods Manufactured] (Asset) - $16,250 (5,000 units * $3.25 per unit)
Credit: Work-in-Process Inventory (Asset) - $15,000 (5,000 units * $3.00 per unit)
Credit: Manufacturing Variance (Expense) - $1,250 (5,000 units * ($3.25 - $3.00) per unit)
The Finished Goods Inventory is debited by the standard cost of the completed goods, which is $16,250 (5,000 units * $3.25 per unit).
The Work-in-Process Inventory is credited by the actual cost of the completed goods, which is $15,000 (5,000 units * $3.00 per unit).
The Manufacturing Variance account is credited with the favorable variance, which is the difference between the standard cost and the actual cost, equal to $1,250 (5,000 units * ($3.25 - $3.00) per unit).
Please note that the specific account names used may vary depending on the accounting framework and terminology used in your company. It's important to consult with a professional accountant or adhere to the specific accounting guidelines applicable to your situation.
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name 3 elastic materials .
Answer:
rubber ,nitrile rubber ,urethane rubber
Answer:
rubber, plastic, and ethylene vinyl
Explanation:
google it.
Which job in the Finance career pathway is best for someone with knowledge of risk factors for insurance claims?
Accounts Clerk
Insurance Underwriter
Claims Clerk
Business Financial Manager
Answer:
claims clerk im pretty sure ;)
Explanation:
The job in the Finance career pathway that is best for someone with knowledge of risk factors for insurance claims is Claims Clerk.
Insurance claim
An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured. For property casualty insurance, such as for your car or home, filing a claim can cause rate hikes to your future premiums.
Claims ClerkA claims clerk is vital to ensure that insurance companies run smoothly and settle disputes over denied claims efficiently. This position is a mediator between the insurance company and a person filing for claims to come to terms.
Thus. the job in the Finance career pathway that is best for someone with knowledge of risk factors for insurance claims is Claims Clerk.
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Which of the following is a positive impact of technology on society? Staying connected Global deterioration Decreased human interaction Inactive lifestyles
Answer:
Staying connected
Explanation:
___________ refers to the short distance movement that usually takes place within the confines of a building such as a plant or distribution center and between a building and a transportation service provider.
a. physical distribution.
b. materials management.
c. warehousing.
d. materials handling.
Answer:
d. materials handling.
Explanation:
That's the correct answer. Hope that helps
Materials handling refers to the short-distance movement that takes place within the confines of a building such as a plant distribution centre and between a building and a transportation service provider. The correct option is d.
What are materials handling?Materials handling can be understood as a short-distance movement within the confines of a building or between a building and a vehicle. It uses a wide range of manual, semi-automated, and automated equipment and includes consideration of the protection, storage, and control of materials throughout their manufacturing, warehousing, distribution, consumption, and disposal.
Material handling can be used to create time and place utility through the handling, storage, and control of waste, as distinct from manufacturing, which creates form utility by changing the shape, form, and makeup of the material. Almost every item of physical commerce has been transported on a lift truck or another type of material handling equipment in manufacturing plants, warehouses, and retail stores.
Therefore material handling plays an important role in manufacturing and logistics.
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Credit is when the lender doesn’t require you to put down a security deposit or collateral.
a. True
b. False
The correct option is B,False. When the lender doesn’t require you to put down a security deposit or collateral.
Credit is a type of loan that allows a borrower to admit finances from a lender with the expectance that the borrower will pay back the loan over time with interest. While it's true that some types of credit similar as relaxed loans or credit cards don't bear collateral or a security deposit numerous other types of credit similar as secured loans do bear collateral in order to ease the threat to the lender.
credit refers to the borrowing of money or other finances, and the terms of the loan, including whether or not collateral is needed, will depend on the specific agreement between the borrower and lender.
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Max is using a search engine to do research on trends in his industry when he comes across a website that isn’t necessarily related to his research–but is interesting and engaging. Without realizing it, Max spends over an hour browsing through the webpage’s numerous articles and links. When his boss asks him if his research report will be ready by the end of the day, Max isn’t sure how to respond. He’s hardly done any work–but it’s not like he was purposely avoiding work. He was using the search engine for the purpose of research, after all. It’s not his fault that the search results weren’t very relevant. Max is considering asking his boss for an extension on his deadline so that he can spend more time researching. What do you think? What should Max do?
In this situation, Max has to first give his boss some advance notice that he wont be able to complete the report before deadline, explain himself briefly as to why that is, then ask for more time to be able to complete the task.
What is a deadline?A deadline indicates that a task or project is anticipated to be finished by that date and time. There is a clear expectation of what must be provided and by when thanks to deadlines. Employees are able to take charge of their work in this way and include deadlines into their time management techniques.
It's critical to schedule deadlines in advance because your work may be delayed. Recognize that some resources might be delayed and that some people might not be available. You may prevent the disaster of missing a deadline by making plans in advance.
Deadlines are crucial in business for a variety of reasons. They establish standards and encourage productive behavior in the workplace.
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A precedent relationship where the completion of a predecessor activity depends on the initiation of a successor activity is called a __________.a. start to finish dependencyb. finish to start dependencyc. finish to finish dependencyd. start to start dependency
A precedent relationship where the completion of a predecessor activity depends on the initiation of a successor activity is called a "finish to start dependency". So, the answer is option b.
In a finish to start dependency, the completion of a predecessor activity is a prerequisite for the initiation of a successor activity. In other words, the successor activity cannot start until the predecessor activity has finished.
This is the most common type of dependency in project management, and it is represented by an arrow going from the end of the predecessor activity to the start of the successor activity in a project schedule or network diagram.
Start to finish, finish to finish, and start to start dependencies are other types of dependencies that describe the relationships between activities in a project schedule.
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A precedent relationship where the completion of a predecessor activity depends on the initiation of a successor activity is called a "finish to start dependency". So, the answer is option b.
In a finish to start dependency, the completion of a predecessor activity is a prerequisite for the initiation of a successor activity. In other words, the successor activity cannot start until the predecessor activity has finished. This is the most common type of dependency in project management, and it is represented by an arrow going from the end of the predecessor activity to the start of the successor activity in a project schedule or network diagram. Start to finish, finish to finish, and start to start dependencies are other types of dependencies that describe the relationships between activities in a project schedule.
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city farm insurance has collection centers across the country to speed up collections. the company also makes its disbursements from remote disbursement centers, so the firm's checks will take longer to clear the bank. collection time has been reduced by four days and disbursement time increased by two days because of these policies. excess funds are being invested in short-term instruments yielding 4 percent per annum. a. if city farm has $4.15 million per day in collections and $3.20 million per day in disbursements, how many dollars has the cash management system freed up? (enter your answer in dollars not in millions (e.g., $1,234,567).)
Excess funds are invested in short-term instruments yielding 4 percent per annum. a. if city farm has $4.15 million per day in collections and $3.20 million per day in disbursements, Total cash freed up = $22,750,000
Cash freed up from collection equals daily collection amount times the shorter collection period.
= 4,500,000 x 3.5 days
= 15,750,000
funds freed up from Disbursement = Daily disbursement amount times lengthened disbursement period
= 3,500,000 x 2 days
= 7,000,000
15,750,000 plus 7,000,000 in total cash were released.
Short-term instruments include, but are not limited to, certificates of deposit, bankers' acceptances, commercial paper, treasury bills, and agency discount paper. Short-term instruments are issued by a variety of different issuers, such as governments and businesses, and have a maturity of less than one year.
the complete selection of Desjardins investment funds to suit your requirements. Your ability to pursue your most exciting dreams is made possible by our finances! Web-based services
= 22,750,000
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