These costs can be internal or external. Internal failures are failures that are discovered during the production process, and external failures are discovered by the customer. Both failures represent a loss in revenue. Internal failures can occur from defective material from suppliers, faulty equipment, employee carelessness, and improper handling procedures.
3. What is installment credit? 4. What is revolving credit? 5.
(Points : 25) 2. (TCO C) Michael Porter proposed a tool, the value chain, for identifying ways to create more value. According to the value chain model, every company is a combination of activities that are performed to design, produce, market, deliver, and support their products. Identify the types of activities that would create value within the organization. How can an organization use this tool?
Kudler can use the audit software program for generating reports, risk assessment, trend analysis, planning, execution, audit reporting, and storage. The following is a list of how Kudler can use the audit productivity software in the ERP systems
The purpose of retrieving information could be for a number of reasons, examples could be for marketing purposes or to provide information to the Inland Revenue. 1.2-Describe different information systems and their main features The term “information systems” refers to a stystem that handles the flow and maintenance of information, which in turn supports the business operation. The components which bring together an information system are people, equipment, procedures and data. These can be classified into 6 main areas: 1. Transaction Processing Systems (TPS) These are operational level systems usually dealt with by shop floor workers and front line staff.
Which of the following inventories carried by a manufacturer is similar to the merchandise inventory of a retailer? a. Raw materials. b. Work-in-process. c. Finished goods.
* 12-17 a. An IT system is designed to ensure that management possesses the information it needs to carry out its functions through the integrated actions of * (1) data-gathering, analysis, and reporting functions. * (2) a computer-based information retrieval and decision-making system. * (3) statistical and analytical procedures functions. * (4) production budgeting and sales forecasting activities.
3. Employment legislation. 4. Equalities and Discrimination law. 5.
The purpose is to provide a system and instructions, and to assign responsibilities for the use of statistical techniques, in order to establish control, and verify process capability and product characteristics, while continually improving our production processes. To establish a system for conducting internal audits. To establish quality plans in order to ensure products meet specified requirements. To provide a system for requesting, initiating and completing corrective and preventive actions. This applies to all production, auditing, and inspection activities that require use of statistical techniques.
| Project management | Project management is the organization of pace of a job and improvement of process. | Titman, S., Keown, A. J., & Martin, J. D. (2014). Financial Management, Principles and Applications (12 ed.). : Pearson EDU. | Outsourcing and offshoring | Outsourcing is the aspect of tasking a third party contractor.