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ABC
EOQ
More accurate costing of products/services, customers, SKUs, distribution channels
The assumptions are reasonably accurate
Better understanding overhead.
can be adjust a little to suitable with reality without greatly affecting the costs (total cost of inventory)
Easier to understand for everyone
Giving the basic concepts of total cost minimization and economic lot size
Utilizes unit cost rather than just total cost
Assumption of constant demand
Integrates well with Sigma and other continuous
No stock out are allowed
Makes visible waste and non-value added activities
insufficient flexible to use for independent-demand inventory management
Supports performance management and scorecards
Enables costing of processes, supply chains, and value streams
Activity Based Costing mirrors way work is done
What else can I help you with?
Compare and contrast characteristics of male entrepreneurs and female entrepreneurs?
they all posses the same characteristics ;flexibilty, self motivation, indefedence, risk bearing, locus of control, ability to explore opportunityetc.
Why is it more accurate to describe the subject matter as cvp analysis rather than as breakeven analysis?
CVP analysis, or cost-volume-profit analysis, provides a broader framework than breakeven analysis by examining the relationships between costs, sales volume, and profit across various levels of activity. While breakeven analysis focuses specifically on the point where total revenues equal total costs, CVP analysis also considers how changes in costs, prices, and volume affect overall profitability. This comprehensive approach helps businesses make informed decisions about pricing, product mix, and cost control, making CVP analysis a more accurate and versatile tool for financial planning and analysis.
What are the advantages of using firm fixed effects in econometric models to control for unobserved heterogeneity?
Using firm fixed effects in econometric models helps to control for unobserved heterogeneity by accounting for differences between individual firms that remain constant over time. This approach can improve the accuracy of estimates and reduce bias in the results, leading to more reliable and robust findings in economic analysis.
What is the traditional techniques of management control?
1) personal observation 2) statistical report 3) break even analysis 4)budgetary control
What three tests does a business plan need to pass?
The executive summary, operation analysis, management control
What has the author Sergiy Kuzin written?
Sergiy Kuzin has written: 'Probabilistic approach to TMDL analysis for urban stormwater quality control'
Why do you also perform analysis on food tha tis known to be a non-GMO food control?
You also perform analysis on food that is know to be a non-GMO food control so you can compare GM and non GM to give a valid result.
Compare and contrast the hydraulic system to the human heart?
well their are valves in the human heart, and they control the amount of blood entering the heart, and the backflow of it aswell
How do you Compare and contrast a control and a constant?
A constant is an ingredient or part of the experiment that does not change. A control is also a required ingredient, however it can change. (this change could be MANY things depending on the experiment type.
Compare and contrast east and West Germany?
After World War II, western Germany was under the control of France, Great Britain, and the United States, they merged their territories to create Western Germany. The Eastern Germany was under the control and influence of Russia
What is HACCP short for?
HACCP stands for Hazard Analysis and Critical Control Points. It is a systematic preventive approach to food safety that identifies, evaluates, and controls potential hazards in the food production process.
How do you Compare and contrast Antony's and Brutus' funeral speech?
Brutus's purpose was to control the crowd as was Anthony's. Brutus began his speech with a hostile crowd against him as a murderer of the popular Julius Caesar.
A part of an experiment to which you can compare the results of other tests?
Control
Compare and contrast a catalyst and an inhibitor?
Catalysts increase the rate of reaction while Inhibitors decrease it. They both affect the rate of reaction, hence giving us more control over our reaction.
Compare and contrast characteristics of male entrepreneurs and female entrepreneurs?
they all posses the same characteristics ;flexibilty, self motivation, indefedence, risk bearing, locus of control, ability to explore opportunityetc.
What is the function of approach control service?
In aviation, approach control provides separation and flow in the terminal environment.
Why wasn't dpip added to cuvette 1?
Because it was the control. Note how all other cuvettes had DPIP. We did not really know what dpip's effect on the % light transmittance was, by adding a ontrol, we could not compare and contrast.
