1. Carrying costs include the following items‚ except: a. labor b. record keeping c. rent *d. all the above 2. Which of the following is not a cost associated with carrying inventory? *a. price discounts b. carrying costs c. ordering costs d. shortage costs 3. The level of inventory at which a new order should be placed is known as the a. lead time b. replenishment quantity *c. reorder point d. service level 4. A restaurant currently uses 62‚500 boxes of napkins
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Monitoring Monitoring Monitoring is the regular observation and recording of activities taking place in a project or programme. It is a process of routinely gathering information on all aspects of the project. To monitor is to check on how project activities are progressing. It is observation; ─ systematic and purposeful observation. Monitoring also involves giving feedback about the progress of the project to the donors‚ implementers and beneficiaries of the project. Reporting enables the gathered
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Reflections on Monitoring and Evaluation[1] Revisiting M&E I believe that monitoring and evaluation systems of organizations should be like the mirror of the Queen (Snow White’s adversary). That mirror always presented the truth‚ no matter what circumstance. As such‚ it was a device that could release people from their illusions. It was a gadget that could open people’s minds and could enlighten them to seek meaningful changes in their lives. In the same manner‚ monitoring and evaluation
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5 EffEctivE managEmEnt What’s ahead Management roles Management styles Effective management Management skills © Gillian Somers‚ Julie Cain‚ Megan Jeffery 2011 ISBN 978-1-107-63549-4 Photocopying is restricted under law and this material must not be transferred to another party. Cambridge University Press Key Knowledge Students will learn the following about the internal environment of largescale organisations: – – – – – – – – key management roles
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Budget management analysis is commonly used by mangers as a tool helping to make sure that all resources in existence get put to use correctly. The budgets are determined annually because they are determined by the preceding year’s budget and differences. Budgets can be controlled by specific techniques to control budgets within prediction‚ consider five to seven expense results with budget anticipations‚ explain possible factors that cause fluctuations‚ present ways to keep results associated with
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Discuss the two approaches: Suffragette and Suffragists. Which do you consider the most effective? Women’s suffrage in the United Kingdom was a national movement that began in 1872. Since the 1860s‚ women had been campaigning for the right to vote. Although women had made gains in areas such as education‚ real change could only come through by having a say in parliament. In the course of this movement‚ two parties were formed to fight for the rights of women: the Suffragettes and the Suffragists
Free Women's suffrage Suffragette Emmeline Pankhurst
Budget Management Analysis Budget Management Analysis A budget is a tool that helps managers to ensure that the required resources are obtained and used effectively and efficiently as the organization moves towards achievement of its objectives. A budget is stated in terms of money and is usually made for one year depending either on the prior year’s budget or on existing programs (Cleverly & Cameron‚ 2007‚ p. 330). Creating a working budget is a very difficult undertaking‚ and for the budget
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000*2.5 =25.000 Q3= 700.000*2.5% = 17.500 Q4= 700.000*2.5% = 17.500 FY = (17.500*3)+25.000= 77.500 New Plain for repairs and maintenance FY= 50.000 Q1 = Q2 = 25.000 Q3 = Q4 = 0 If we do the analyses with new information of sales‚ commission and budget for repairs and maintenance‚ we will have some modifications into the table sheet projection/ plain. The changes will be on: Gross Profit Q1=Q2=Q3=Q4 = Sales – (commissions +direct wages fixed + Cost of Goods Sold) Gross Profit = FY = (532. 500*3)
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Planning a Budget Davis Service Group is a large public limited company employing around 17‚000 people. Its shares are quoted on the London Stock Exchange.The business is based on service contracts to source‚ clean and maintain industrial textiles‚ such as protective clothing and linens. This is across four key sectors: workwear‚ healthcare‚ hotels and restaurants‚ and general facilities‚ such as washroom linen Budgets are forward financial plans. They show financial targets over a given period of
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CHAPTER I 1.1 INTRODUCTION Budget and budgetary control practices are undeniably indispensable as organizations routinely go about their business activities and operations. These organizations are constantly on the alert on how actual levels of performance agree with planned or budgeted performance. A budget expresses a plan in monetary terms. It is prepared and approved prior to a particular budgeted period and explicitly may show the income‚ expenditure and the capital to be employed by organizations
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