Careful attention is given to the inventory account by many business organizations because it represents one of the most significant assets held by the enterprise.What do you think?
Yes.
Inventory is the most important asset to a company, because inventory turnover is the major source of revenue to any business organization. It is the driving force behind the ability of a company to generate revenue and profits.
Inventory should be managed in a cost efficient way to optimize profits. Inventory turnover ratio is calculated to know how efficiently you are selling your inventory.
Careful attention is given to the inventory account by many business organizations because it represents one...
With so many means of communicating today, communication still represents a great challenge for many organizations. Why do you think this is so? Explain using unit concepts.
For many organizations, pinpointing exactly what "ethical behaviors" are is a challenging feat. When something is legal versus illegal, it is easy to understand what one ought to not do; but when it comes to ethics, it becomes a matter of perspective in some cases Why do you think that is? How would you define an ethical business culture? . . If you were in position of authority within an organization, what are some things you can do to foster...
Some health care organizations have struggled financially because they have agreed to stipulations in contracts without thoroughly examining all facets of the contract. What do you think are the most important negotiation techniques utilized in contract negotiations? Justify your answer.
Crafting Persuasive Messages in Digital Age Organizations When persuading within organizations, pay special attention to power relationships and whether the person you are writing to your subordinate or superior. Fill in the blank with the most appropriate answer. A successful persuasive message to subordinates should use Check all that apply. Which of the following are elements of an effective persuasiv a conversational tone a parental tone Ignore risks a preachy tone Use a sensitive tone Describe benefits and risks involved...
Many of us make pledges such as to NPR, or other organizations (religious groups, social organizations, etc...) When a not-for-profit (NFP) receives these they must account for them. Sometimes though, they may have a "gift" for making a donation. And this may have different consequences. Think of an NFP that you know of. How do they raise money? Are these pledges/contributions? What determines how they are recorded? How do these differ from exchange transactions? In both cases, when is revenue...
industrial engineering Changing business process is inevitable in most organizations as they strive to figure out how to do things better, faster and cheaper. When an organization attempts to redesign its business processes, do you think all the four goals which are listed below can be achieved at the same time? Explain your answer by using two suitable examples • Faster production or lower waiting time • Lower operational costs • Better product features or service quality • Higher process...
As described in the picture given, “government stakeholders are the many and varied individuals and organizations with an interest in some aspect of government. They include voters, businesses, beneficiaries of government programs, other governments, banks and other lenders, not-for-profit organizations, the news media and many more.” Identify three stakeholders in Canada likely to have an interest in government accounting and financial reports and explain why this stakeholder would be holding this interest. Government Stakeholders For the public sector, accountability is...
Assignment: Consider one of the organizations you have been affiliated with. Having tion in mind, prepare and submit a report answering to the following questions this organiza regarding the selected organization: What is the corporate and business strategy of the organization? Based on Porter's forces of competition framework, how attractive do you consider the relevant industry? Which organizational resources and capabilities do you consider as most important, given the type of competitive advantage pursued by the company? - What growth...
There are many types pf technologies we use in business: Computers, fax machine, software, scanners, emails, voice mail, personal, digital assistants (PDA). Which do you think is the most important or useful? Why? Which is the least important or useful Why? Do you think businesses can function properly without them? Write at least one well developed paragraph to answer this question (At least 8 sentences long)
The success of a business can depend on a company's competitive and marketing strategies. One of the most successful competitive businesses out there today is Nike. While being so successful and dominating in the world of athletic apparel, even Nike has to have effective competitive strategies. What competitive advantages or disadvantages do you think Nike has over many of their competitors? What do you think Nike has to do in the future to maintain their strong competitive position and to...