What is meant by strategic control? Why are effective control systems so crucial in today’s economy? Provide a concrete industry example to demonstrate your point.

Answers

Answer 1

Strategic control refers to a management technique for monitoring and evaluating the implementation of an organization's strategies. The goal is to ensure that the company stays on course and achieves its objectives. Strategic control differs from operational control, which focuses on daily activities.

Effective control systems are critical in today's economy because they help managers make better decisions by providing relevant and timely information. Effective control systems provide managers with data about the company's operations, enabling them to detect deviations from the strategy early on and take corrective action. A concrete industry example to demonstrate the importance of effective control systems is the automotive industry. The auto industry is one of the most competitive industries globally, and companies need to have effective control systems to stay ahead of the competition. One of the most successful automotive companies is Toyota. Toyota has a comprehensive system of control, which includes strategic and operational controls. The company has implemented a system of daily checks, which is a form of operational control, to ensure that all aspects of production are running smoothly. The company also has a strategic control system that monitors the company's performance and ensures that it is meeting its strategic objectives. Toyota's control systems have helped the company maintain its position as one of the world's leading automotive manufacturers.

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Related Questions

During the Pre-Sales stage, the Technical Solution could include a mock up of which of the following?

Answers

end-state technical view

Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does this describe?.

Answers

Assuming Sofia bought a couch that required a $60 down payment. This liability describes d) a current liability.

What is a current liability?

Current liability can be defined as the amount owed or debt a person is expected to pay back within a stipulated period.

A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales. The sums owing to suppliers in the form of accounts payable are an illustration of a current liability. A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales.

Since Sonia is expected to pay $60 per month for eight months which means that Sonia has a debt to deliver within a year.

Therefore this liability describes d) a current liability.

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Customer value propositions should be specific with respect to tangible outcomes.
(A) True
(B) False

Answers

(B) False Customer value propositions should be specific with respect to tangible outcomes. The statement is incorrect. Customer value propositions should be specific and clear about the value and benefits.

That customers will receive from a product or service. While tangible outcomes can be part of the value proposition, it is not necessary for the proposition to be exclusively focused on tangible outcomes. Customer value propositions can include a combination of tangible and intangible benefits. Tangible outcomes refer to measurable and physical results, such as cost savings, increased efficiency, or improved performance.

Intangible outcomes, on the other hand, are more subjective and relate to emotional or psychological benefits, such as convenience, status, or peace of mind. A well-crafted customer value proposition considers both tangible and intangible outcomes, addressing the needs, desires, and pain points of the target customers. It should clearly communicate the unique value and benefits that customers will experience by choosing a particular product or service.

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online transaction processing (oltp) and online analytical processing (olap) are similar mis strategies used to help with business decision making. what is the primary difference between oltp and olap? group of answer choices all of these choices are correct. oltp is used to capture transactional and event data; olap is used to manipulate information. oltp is used at the operational level; olap is used at the managerial level. oltp is used to support structured decisions; olap is used to support semistructured decisions.

Answers

The primary difference between OLTP and OLAP is that OLTP is used to capture transactional and event data, while OLAP is used to manipulate information.

Online transaction processing (OLTP) and online analytical processing (OLAP) are two different MIS strategies that are used to help with business decision making. While both are important tools for businesses, they serve different purposes and have different applications.

The primary difference between OLTP and OLAP is that OLTP is used to capture transactional and event data, while OLAP is used to manipulate information. OLTP is used at the operational level, where it supports the day-to-day functions of the business, such as sales transactions and customer service interactions. It is designed to process a large volume of transactions in real-time, so that businesses can respond quickly to changes in the market or customer needs.

OLAP, on the other hand, is used at the managerial level, where it supports more strategic decision-making. It is designed to analyze large volumes of data from multiple sources, such as customer demographics, sales trends, and market data, in order to identify patterns and insights that can be used to inform business decisions. Unlike OLTP, which is focused on processing individual transactions, OLAP is focused on understanding trends and patterns over time.

Another key difference between OLTP and OLAP is that OLTP is used to support structured decisions, while OLAP is used to support semi-structured decisions. Structured decisions are those that can be made based on a clear set of rules or criteria, such as whether or not to approve a credit application. Semi-structured decisions are more complex, and require a deeper analysis of data in order to make an informed decision, such as whether or not to launch a new product line.

In summary, while both OLTP and OLAP are important tools for businesses, they serve different purposes and have different applications. OLTP is focused on capturing transactional data in real-time, while OLAP is focused on analyzing large volumes of data to identify patterns and insights that can be used to inform strategic decisions.

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use the following data from mayonnaise manufacturing co. to identify the revenues from sales of finished goods for the year.

Answers

In mayonnaise manufacturing, egg yolk is used as an emulsifier at a stage usually among 4% and 8%. Water makes up the non-stop phase of the method at five-15% with various other additives for taste including salt, sugar.

The classic way to make mayonnaise calls for a whisk, steel bowl, sturdy fingers and patience! as an alternative, to prepare homemade mayonnaise, I suggest the usage of a mixer. We also can use a blender, but the end result might be a stiffer and less fluffy sauce.

Whilst some culinary historians have a look at that a mayonnaise-like aggregate of olive oil and egg become fed on by way of historical Egyptians and Romans, the mayonnaise that we recognize today—an emulsion of oil, egg and lemon juice and/or vinegar, plus seasonings—become advanced by means of one of the notable chefs of France.

On the coronary heart of the debate is the definition of mayonnaise. in step with the FDA, mayonnaise is defined as a aggregate of vegetable oil, vinegar, egg yolk, and lemon juice. Hampton Creek, however, created a line of "simply Mayo" products which are eggless and produced from vegetation as a substitute.

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Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold

Answers

The low setting makes the company the most money in sales, with a total revenue of $1980

To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.

For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.

Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980

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What is the variable cost of a business if its fixed cost is $8900 and its total costs are $14,000?

Answers

The variable cost of the business is $5,100.

How to determine the variable cost

To determine the variable cost of a business, we need to use the formula:

Total cost = Fixed cost + Variable cost

We can rearrange this formula to solve for the variable cost:

Variable cost = Total cost - Fixed cost

Substituting the given values, we get:

Variable cost = $14,000 - $8,900

Variable cost = $5,100

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Answer:

The company's variable cost is $5,100.

Explanation:

Skin Care: Who created the makeup and skin care brand Glossier? The company recently became one the few women-founded private startups worth over $1 billion?

Answers

Glossier is a makeup and skincare brand that was created by Emily Weiss. Weiss was a former Vogue assistant who gained popularity for her beauty blog, Into the Gloss. She founded Glossier in 2014 with a mission to create a more inclusive beauty industry that focuses on enhancing natural beauty rather than concealing it.

Glossier has become a cult favorite among millennials due to its minimalistic approach to beauty and its social media presence. The brand's success can also be attributed to its direct-to-consumer model, which allows Glossier to offer affordable prices and build strong relationships with its customers.

In 2019, Glossier became one of the few women-founded private startups worth over $1 billion. This achievement has made Weiss a role model for women entrepreneurs and has highlighted the importance of diversity in the startup industry.

Overall, Glossier's success can be attributed to Weiss's vision and her ability to tap into the needs of a younger generation that values authenticity, inclusivity, and simplicity in their skincare and beauty routines.

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Mean Absolute Deviation (MAD) (Refer to Slides 52, 53, and 54 in Chapter 02 -or- Pages 54 and 55 in the textbook) Calculate the Mean Absolute Deviation (MAD) using the following data. Month Actual Sales Forecast ABS Deviation
Month
Actual Sales
Forecast
ABS Deviation
JAN
1,345
1,375
FEB
1,445
1,330
MAR
1,470
1,450
APR
1,390
1,420
MAY
1,340
1,350
JUN
1,345
1,340
JUL
1,300
1,305
AUG
1,375
1,355
SEP
2,152
2,200
OCT
2,312
2,135
NOV
2,352
2,320
DEC
2,224
2,272
TOTAL
AVERAGE

Answers

The Mean Absolute Deviation (MAD) is calculated by finding the absolute deviations between the actual sales and the forecasted sales, summing them up, and dividing by the number of data points. In this case, we will calculate the MAD for the given data set.

To calculate the Mean Absolute Deviation (MAD), we need to find the absolute deviations between the actual sales and the forecasted sales for each month. The absolute deviation is obtained by subtracting the forecasted sales from the actual sales, taking the absolute value of the difference. Then, we sum up all the absolute deviations and divide by the number of data points.

Month Actual Sales Forecast ABS Deviation

JAN 1,345 1,375 30

FEB 1,445 1,330 115

MAR 1,470 1,450 20

APR 1,390 1,420 30

MAY 1,340 1,350 10

JUN 1,345 1,340 5

JUL 1,300 1,305 5

AUG 1,375 1,355 20

SEP 2,152 2,200 48

OCT 2,312 2,135 177

NOV 2,352 2,320 32

DEC 2,224 2,272 48

To calculate the MAD, we sum up the absolute deviations and divide by the number of data points:

MAD = (30 + 115 + 20 + 30 + 10 + 5 + 5 + 20 + 48 + 177 + 32 + 48) / 12

MAD = 590 / 12

MAD ≈ 49.17

Therefore, the Mean Absolute Deviation (MAD) for the given data set is approximately 49.17.

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Which statement is a consequence of objectivism? Group of answer choices Moral rules apply in all cases, without exceptions. Whether an action is objectively right depends on its consequences. If two people have a moral disagreement, only one of them can be right. Everyone has the same beliefs about morality.

Answers

Answer:

B. Whether an action is objectively right depends on its consequences

Explanation:

Ayn Rand developed the theory of Objectivism. Objectivism according to her is the philosophical idea, that every thing people do, be it the pursuit of education or financial security is done simply for the purpose of preserving the human life. This theory promotes selfishness over altruism. It also advocates realism. Every other thing people do is supposed to conform to that which is the fact.

This theory also opines that if our philosophy of life is correct or right, then we would be successful. But if our philosophy of life is wrong, then the consequences would be inimical.

question content area jim lives in california. what is jim's deadline for making a contribution to traditional ira or a roth ira for 2021?

Answers

Jim's deadline for making a contribution to a traditional IRA or a Roth IRA for 2021 is April 15, 2022. According to the IRS, individuals can make contributions to their traditional or Roth IRAs for a particular tax year until the tax-filing deadline, which is usually April 15th of the following year.

However, if the tax-filing deadline falls on a weekend or a holiday, the deadline will be extended to the next business day. For instance, if April 15, 2022, falls on a Saturday, Jim's deadline for making contributions will be April 18, 2022.
It's important to note that the contribution limit for both traditional and Roth IRAs for 2021 is $6,000 for individuals under 50 years of age and $7,000 for individuals 50 years and older. Additionally, the amount an individual can contribute may be limited by their income and tax filing status.
In summary, Jim has until April 15, 2022, to make contributions to his traditional IRA or Roth IRA for the 2021 tax year, with a contribution limit of $6,000 for individuals under 50 years of age and $7,000 for individuals 50 years and older, subject to income and tax filing status limitations.

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All the following statements are true about leadership EXCEPT Question 7 options: a) Leading in a multinational company is an even greater challenge than in a domestic one. b) Excellent leaders motivate their employees to achieve more than minimal organizational requirements. c) Leadership is influencing group members to achieve organizational goals. d) Companies can achieve success with or without good leaders.

Answers

Answer:

C

Explanation:

B

How should you dress for a phone interview? (Site 1)
online content

Answers

Answer:

You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you

Explanation:

I hope this helps out a little bit :-)

An interview is a formal process by which an employee is assessed for his/her performance by the employer.

For a phone interview, one should be dressed properly as the interviewer can see you through the camera.

For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.

In the case of a man, one should be properly dressed in suits or formal shirts.

Try to wear dark black or blue coloured clothes and sit in a properly lighted area.

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It costs $2,500 to send an employee to a three-day seminar. The information obtained at this seminar should allow the employee to increase their sales success rate by 1%. The employee has a success rate of 3% of converting a call into a sale. The employee makes five calls per day Mon through Fri for 50 weeks per year. If each sale is $2,000, what would be the increase in sales dollars be by attending this seminar?

Answers

Answer:

$25,000

Explanation:

success rate without attending the seminar = 3% x 5 calls per day x 5 days per week x 50 weeks per year x $2,000 sale = $75,000

success rate after attending the seminar = 4% x 5 calls per day x 5 days per week x 50 weeks per year x $2,000 sale = $100,000

the increase in sales dollars due to the increase in productivity (after attending seminar) = $100,000 - $75,000 = $25,000

To prevent overfishing, should regulators put a tax on fish or on boats? State why. Answer is Boat but why (typed answer needed)

Answers

To prevent overfishing, regulators should put a tax on boats rather than fish. The reason for taxing boats is that it targets the source of overfishing directly, which is the fishing industry.

Boats are the primary tools used for fishing and a tax on boats would discourage fishing efforts, ultimately reducing the fishing pressure on the fish populations. By taxing boats, regulators can control the number of fishing vessels in operation, reducing the overall fishing capacity and preventing overfishing.

A tax on fish, on the other hand, may not effectively address the problem as it would only increase the price of fish for consumers, but may not significantly reduce fishing efforts by the industry. Additionally, a tax on fish may incentivize fishers to catch more fish in order to cover the added cost, exacerbating the overfishing issue.

Therefore, a tax on boats is a more effective solution to mitigate overfishing.

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kate used a 30 off coupon to purchase a sweater the sweater then became 33.6$ how much was the actual price

Answers

kate used a 30 off coupon to purchase a sweater the sweater then became.Therefore, the original price of the sweater is $48.

What's the difference between a sweater and a sweatshirt?

A sweater is designed not to absorb sweat but to provide warmth while a sweatshirt is designed both to provide warmth and to absorb sweat. 2. A sweater is usually knitted or crocheted while a sweatshirt is not.

Briefing

The cost of sweater is $33.60

Let the original price of the sweater be x

Now, x-30% of x=33.60

⇒ x-30x/100 = 33.60

⇒ x -3x/10 =33.60

⇒ 7x/10 =33.60

⇒ 7x=336.0

⇒ x=48

Therefore, the original price of the sweater is $48.

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Sue wants to work as a chemical engineer for either a large corporation or the government. What would you advise her to
do while she is earning her bachelor's degree to gain some real-world experience in the field of chemical engineering while still earning
college credits ?

a) Apply for a cooperative education experience, through her university, at a company or an agency that will provide her real work
experience in her field of study

b) Study hard and wait until she earns her degree to get experience

c) Take a job on campus working in the office typing papers for engineering professors

d) Take a part-time job working nights at a pharmacy

Answers

Answer:

A

Explanation: The most common reason tbh.

Answer: A

And just trust

John borrowed $6,000,000 for a period of 15 years.is interest rate is 8%. How much interest will John pay in all?

Answers

Based on the information given the amount of interest that John pay in all is his $7,200,000.

Interest:

Using this formula

Interest=Amount borrowed×Number of years×Interest rate

Where:

Amount borrowed=$6,000,000

Number of years=15 years

Interest rate=8%

Let plug in the formula

Interest=$6,000,000×15×8%

Interest=$7,200,000

Inconclusion the amount of interest that John pay in all is his $7,200,000.

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1. what you have noticed on the posted materials in
What manner did the advertisers promote their producter?​

Answers

Answer:

Explanation:

Advertising is the lure that draws new customers to your business or product. Small businesses utilize several options to advertise a product or service. ... that receive heavy traffic is one way to get the word out about your business. ... venue with a stamp that bears your company logo; the attendees will then have your logo ...

the aggregate consumption function: group of answer choices relates disposable income to total consumer spending. describes the relationship of spending to family wealth. describes what people would like to buy. relates household consumption to interest rates.

Answers

a. describes the relationship of spending to family wealth. The aggregate consumption function connects consumer expenditure as a whole to disposable income.

The aggregate consumption function connects total consumer expenditure to disposable income (Option A). It illustrates the link between overall consumer expenditure and the amount of disposable income that consumers have access to in an economy. Income that is accessible to people or families after taxes have been paid is referred to as disposable income. According to the consumption function, consumer spending will rise along with rising disposable income, but not by the same amount. This is due to the fact that customers often save a portion of their income and spend the remaining on products and services for personal consumption. A key idea in macroeconomics, the consumption function helps to understand how consumers behave in the economy.

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The aggregate consumption function:

a. describes the relationship of spending to family wealth.

b. relates disposable income to total consumer spending.

c. describes what people would like to buy.

d. relates household consumption to interest rates.

What type of account is recommended for unexpected expenses?

Answers

Answer:

emergency fund

Explanation:

outline 2 advantages to H&H of using secondary market research​

Answers

Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable

Works that are published on an ongoing, regular basis are called:_________

Answers

Ongoing, regularly published works are referred to as: Sources that are consistently published include periodicals.

What is consistently opposed to?

This list of 89 words that are conceptually related to the word regularly includes the terms automatically, faithfully, frequently, repeatedly, and constantly. Additionally, the word frequently is not a precise synonym for daily or every day; rather, it simply refers to a regular regularity or habit. For instance, when someone claims to often visit the dentist, they might not necessarily mean that they do it daily but rather that they do so frequently, such as once or twice a week. Regular exercise, whether it be through sports, playing a sport, walking, cycling, wheeling, or other forms of physical recreation, is beneficial to health. It is best to exercise slightly than not at all.

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i have a question if i was to join the military what branch will I be best off with

marines
army
navy
coast guard
air force

Answers

Answer:

Their is no correct answer really I would think. They all have their pros and cons it depends on what situation you are in.

How does RegTech work in the financial system of financial
institutions?
with references

Answers

RegTech in financial institutions uses technology to automate compliance processes, detect risks, and enhance regulatory compliance.

It streamlines operations, improves efficiency, and helps financial institutions meet their regulatory obligations effectively.

RegTech in financial institutions works by leveraging technology to facilitate regulatory compliance and risk management.

It automates compliance processes, such as data collection and reporting, streamlining operations and reducing errors.

Advanced analytics and machine learning algorithms help detect compliance breaches and suspicious activities, aiding in risk identification and mitigation.

RegTech also enhances Know Your Customer (KYC) and Anti-Money Laundering (AML) processes through biometrics and transaction monitoring.

It facilitates audit and internal controls by automating monitoring, documentation, and providing real-time insights. By utilizing RegTech solutions, financial institutions can improve efficiency, accuracy, and decision-making while meeting regulatory obligations.

References:

Bessant, J. R. (2019). RegTech in financial services: Technology solutions for compliance and reporting. Springer.

Sironi, P. (2016). FinTech Innovation: From Robo-Advisors to Goal-Based Investing and Gamification. Academic Press.

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As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the

most demand
highest costs
most profits

Answers

Answer: most profits

Explanation:

The answer is C. The most profit

Generate a et of data with no more than eight data point, in which the mean i 4. 5

Answers

Here is a sample set of 8 data points with a mean of 4.5:4, 5, 4, 6, 5, 4, 5, 6 with no more than eight data point.

To calculate the mean of a set of data, you add up all the values and divide by the number of values in the set. The mean represents the average value of the set.

In this set of 8 data points: 4, 5, 4, 6, 5, 4, 5, 6

The sum of the values is: 4 + 5 + 4 + 6 + 5 + 4 + 5 + 6 = 39

And when you divide the sum by the number of values, which is 8, you get: 39 / 8 = 4.875

Rounding to one decimal place, the mean is 4.9.

However, to have a mean of 4.5, you would have to adjust the set of data points slightly so that their mean is exactly 4.5.

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Short-run supply and long-run equilibrium Consider the competitive market for steel. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph. 00 T 90 80 70 60 50 20, 30 40 ATC 30 20 10 5 10 15 20 25 30 35 40 45 50 QUANTITY Thousands of tons)

Answers

Long-term economic profit is zero as a result of implicit costs, but the company's accounting profit is positive. The claim is therefore untrue.

The short-run equilibrium price of titanium would be $15 per pound if there were 20 businesses in this market. Businesses in this industry would lose money at that price. As a result, companies originating from the titanium market would persist over time.

You know that in the long run, competitive firms make no economic profit, so the long-run equilibrium price must be $30 per pound. You can see from the graph that in order for the titanium industry to be in long-term equilibrium, there will be ten companies operating there.

Due to implicit costs, long-term economic profit is zero, but the company's accounting profit is positive. As a result, the assertion is untrue.


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Short-run supply and long-run equilibrium Consider the competitive market for steel. Assume that, regardless
Short-run supply and long-run equilibrium Consider the competitive market for steel. Assume that, regardless
Short-run supply and long-run equilibrium Consider the competitive market for steel. Assume that, regardless

A student needs to take a test. She has her paper, pencil, eraser, and a backup pencil.
What is she missing to take the test?

Answers

Answer:

A drink

Explanation:

the test? lol i’m not sure.

Identify the importance of accounting by selecting the correct statement
a) Accounting is a system that identifies, records and communicates financial information
b) Accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared
c) Accounting information impacts internal users only

Answers

Out of the provided alternatives, ''Accounting is a system that identifies, records and communicates financial information,'' is the correct statement that explains the importance of accounting. Therefore, the option A holds true.

Accounting can be ideally explained as the process of maintenance of financial records in the prescribed manner. The purpose of accounting is to represent the financial positions of the business, and analyze the numbers and data related thereto. It has grown in its scope in almost every business organization.

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