The variance means the central tendency or mean. The interquartile range is best described where the median is the central tendency. The mean of central tendency allows the researcher to get an idea of the data. It will give a manager or employee a general idea of what tasks needs to be complete to achieve desirable results. The dispersion can be different with data that have the same
Tracking indicators allows an organization to identify the potential for risk and provides more time to act upon the risk. Leveraging existing resources will save the company money. In addition, these resources know the organization, are closer to the data, and understand the vision and direction the company wants to take. Adopting the structure the COSO provides would be useful for an organization. The structure provides the basic framework and guidance for a successful ERM.
Kudler would be able to use an ERP to forecast future needs to assist with accurate purchasing, track vendor and retail pricing as well as other financial information. The ERP would allow Kudler to track the sales performance of new items that are introduced to determine if they are products that they want to bring into inventory. The investment in new technology is highly recommended. New technology may be an option for Kudler, however, cost of the purchase, installation and training would be a major factor which would influence the decision as oppose to upgrading current
The true value in making a forecast is that it forces us to look at the future objectively. The company that takes note of the past stays aware of the present and precisely analyses that information to see into the future. Conducting a sales forecast will provide your business with an evaluation of past and current sales levels and annual growth, and allow you to compare
Explain. Suppose that you perform a significance test regarding a population mean and that the evidence does not warrant rejection of the null hypothesis. When formulating the conclusion to the test, why is the phrase fail to reject the null hypothesis more accurate than the phrase accept the null hypothesis? Why can the null hypothesis not be proved? Explain.
This will help decide what the best way to go will be. Another tool that is similar in looking for problems in a decision is the Decision Tree. This tool also looks at the possibilities of what could happen in making a particular decision. This tool is useful when a manager is trying to be subjective about a decision. It takes into account data from “profits, loss, the consumer response and economy”,(Liebler & McConnell, 2008).
In order to determine whether Krispy Kreme is healthy or not, we need to analyze the income statement and balance sheet. In the end we might end up with financial relationships that will help us to project the future of the company. According to financial experts and analysts, the financial statements (Exhibit 1 and 2), particularly balance sheet became
I only wish there was a similar tool available for me to use when formulating my own company’s strategy. I was able to use the concept of creating a roadmap by selecting action items that help accomplish the overall objective to my strategy. The roadmap tool is helpful because creating a company strategy seems like a grand undertaking, but when you break it out into segments as with the roadmap, it becomes easier to focus on and tie back to the main
Whilst it tells us what has happened to the organization, it may not tell us what is currently happening. Nor it is a good indicator of future performance. * It is too low. It is common for the current market value of an organization to exceed the market value of its assets. Tobin's-q measures the ratio of the value of a company's assets to its market value.
Compromising looks for solutions that partially satisfies both parties involved in the conflict. Compromise may be appropriate to use in situations where goal are moderately important to the job role and to enable a staff team to reach a temporary settlement on complex issues. Compromise can be used as a first step when the parties involved in the conflict do not actually know each other well or they don’t have a high level of mutual trust. Compromising is also to be used when the techniques of collaboration or forcing do not work. Advantages of using compromise include faster issue resolution, so therefore may be more practical when time is a factor.