Answer:
Total cost is $24060
Explanation:
Total demand per year = 12000 units
Size of one order = 3000 units
Total number of orders = 12000 / 3000 = 4
Per order cost = $15
Per unit cost = $2
Below is the calculation to find the total cost.
Total cost = Number of orders × Per order cost + Total demand per year × Per unit cost
Now insert the values.
Total cost = 4 ×15 + 12000 × 2
Total cost = $24060
Answer:
The answer is "Option B".
Explanation:
Inferential statistics was its process through which data collection is used to conclude the property or even an implicit wave function. Its analysis infers these same features of inhabitants. Its purpose is to use statistical strategies to determine important assumptions regarding sample size, and other choices were wrong which can be defined as follows:
- In option A, it defines the average of the given values, that's why it is wrong.
- In option C, It is used to0 describes a number of samples that's why it is wrong.
Answer:
<u>Need to perform everyday tasks like cooking.</u>
Explanation:
For example, Canadian Living magazines has a record of often publishing articles related to new cooking recipes that are cheap and affordable.
Many consumers often need information that can help that can assist them in cooking nutritional foods at the best price possible.
Answer: External opportunity
Explanation:
External opportunities are legal, political, economical, social, technological, environmental and cultural factors that may benefit an organization. External opportunities are beyond the control the organization.
In the scenario illustrated, the act of terrorism in the United States on 11th September 2001, led to a growth in cruise travel. This is an example of external opportunity as the growth wasn't caused by an internal factor.
Answer:
The correct answer to the following question is option D) Eliminate risk through application of ORM( which stands for operational risk management ).
Explanation:
Operational risk management can be defined as the continuous cyclical process which consists of risk decision, implementation of risk controls, risk assessment and risk decision making, which would help in mitigation, avoidance and acceptance of risk.
The four principle included in this are -
1) Accepting risk only when the benefits out weights the cost.
2) Anticipating and managing risk by proper planning.
3) Making right decisions at right time and at right level.
4) Anticipate no unnecessary risk.
