To be competitive firms must create and sustain core competencies that

To be competitive firms must create and sustain core competencies that are in tune with their customer’s order winners (T/F)

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Solution 1

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The statement is: True.


Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.

📚 Related Questions

An organization decides to improve its raw material handling process by buying a material handling robot. This is an example of using
Solution 1


B. Automation


Option A is incorrect as a human resource cannot be a material handling robot.

Option C is wrong as statistical quality control cannot do the same task as a material handling robot can. Statistical quality control can ensure quality by minimizing risk.

Options D and E are incorrect, respectively, as flexible manufacturing cannot improve the raw materials, and fixed layouts cannot be the element of the raw material process.

Option B is correct as a material handling robot is a machine. Therefore, automation is necessary to improve the raw materials handling process.

If an insurer and insured have a dispute about whether a particular loss is covered under a policy, which authority will settle the dispute?
Solution 1


The court


The court is the judicial arm of government that is saddled with the responsibility of interpreting the laws made by the legislative arm of government. The court by law hear cases and  adjudicate among people in dispute.

where an insurer and insured have a dispute, the correct step to take is to approach a court of competent jurisdiction for interpretation. The court they say is the final hope of the common man.

Describe analogous, parametric and bottom-up estimating, and briefly discuss the advantages and disadvantages of each method.
Solution 1

The main project management cost estimation tools include analogous, parametric, and bottom-up estimates.

What is project management?

Project management is the process of overseeing a team's activity to complete all project objectives within the established parameters. The project documentation that is prepared at the start of the development process typically include descriptions of this information.

The three main restraints are budget, time, and scope. Optimizing the distribution of necessary inputs and using them to achieve pre-established goals is the secondary problem.

The goal of project management is to provide a finished product that meets the goals of the client. The goal of project management is frequently to modify the client's brief in order to more effectively achieve the client's goals.

Once the client's goals are made apparent, they should guide every choice made by everyone else working on the project, including project managers, designers, contractors, and subcontractors. Decision-making is hampered by poorly defined or excessively tightly mandated project management objectives.

Learn more about project management, here


Solution 2


Analogous, Parametric , Bottomup estimate are the major project management cost estiomation tool.


This particular technique is used to estimate the project cost when very little information or detail is available about the project. Thus, this technique does not provide a realistic or reliable estimation. In this type of estimation cost is calculated based on the historical data of similar project.

Parametric costing

Like analogues it also uses historical data for costing. It takes different variables from the project and applies them to the current project.( Man,equipment, material) used for similar last project are taken as a reference.

Bottom up technique

It is also considered as definitive technique. It is the most accurate among project cost estimation techniques, the cost of every activity involved in the project is calculated on realistic basis, estimation is done of greate4st level of detail, and then it will rolls up to calculate actual total cost. It drills down to every minute details of costing as well. total project work is broken down into the multiple smallest work components.

In a nutshell


Fastest method of estimation

It can be calculated with minimal information


It make use of statistical tools for estimation of cost involved in project

More accurate than the analogous method.

Bottom up

Most accurate technique

It can be used when all information are available

More time consuming method

Explanation: rate brainliest pls

Two currently owned machines are being considered for the production of a part. The capital investment associated with the machines is about the same and can be ignored for purposes of this example. The important differences between the machines are their production capacities (production rate x available production hours) and their reject rates (percentage of parts produced that cannot be sold). Consider the following table: Machine A Machine B Production rate Hours available for production Percent parts rejected 100 parts/hour 7 hours/day 3% 130 parts/hour 6 hours/day 10% The material cost is $6.00 per part, and all defect-free parts produced can be sold for $12 each. (Rejected parts have negligible scrap value.) For either machine, the operator cost is $15.00 per hour and the variable overhead rate for traceable costs is $5.00 per hour. Assume that the daily demand for this part is large enough that all defect-free parts can be sold. Which machine should be selected?
Solution 1

The machine that should be selected by the company is Machine A because it produces higher contribution margin per day than Machine B.

Data and Calculations:

                                                      Machine A           Machine B

Production rate                             100 parts/hour    130 parts/hour

Hours available for production       7 hours/day         6 hours/day

Total units produced per day      700 parts            780 parts

Percent parts rejected                    3%                       10%

Rejected parts =                            21 parts                78 parts

Defect-free parts =                       679 (700 - 21)     702 (780 - 78)

Selling price for defect-free parts = $12

                                                          Machine A      Machine B

The total revenue (defect-free parts) $8,148           $8,424

                                                       (679 x $12)        (702 x $12)

Direct material cost ($6 per part)    $4,200            $4,680

Direct labor cost ($15 per hour)          $105 ($15 x 7)   $90 ($15 x 6)

Variable overhead ($5 per hour)         $35 ($5 x 7)     $30 ($5 x 6)

Total variable manufacturing cost $4,340             $4,800

Contribution margin per day       $3,808             $3,624

Thus, the machine that should be selected by the company is Machine A because it produces higher contribution margin per day than Machine B.

Learn more about capital decision-making based on contribution margin here:

Solution 2


Machine A's output in a day = 100 × 7 = 700

Rejected output of machine A =0.03 × 700 = 21

Thus defect free output of machine A = 700 – 21 = 679

Revenue from Using Machine A = 679 × 12 = 8148

Cost of Using Machine A = 6 × (Defect free output) + 15 × 7 + 5 × 7 = 6 × 679 + 105 + 35 = 4214

Thus, profit from using machine A = 8148 – 4214 = 3934

Machine B's output in a day =130 × 6 = 780

Rejected output of machine B = 0.1 × 780 = 78

Thus, defect free output of machine B = 780 – 78 = 702

Revenue from Using Machine B = 702 × 12 = 8424

Cost of Using Machine B = 6 × 702 + 15 × 6 + 5 × 6 = + 105 + 35 = 4212 + 120 = 4332

Thus profit from using machine B = 8424 – 4332 = 4029

Since the profit from using machine B is higher, Machine B should be selected.

Suppose you have a machine which executes a program consisting of 60% floating point multiply, 20% floating point divide, and the remaining 20% are from other instructions. (a) [3] Management wants the machine to run 4 times faster. You can make the divide run at most 3 times faster and the multiply run at most 8 times faster. Can you meet management’s goal by making only one improvement, and which one? (b) [2] Dogbert has now taken over the company removing all the previous managers. If you make both the multiply and divide improvements, what is the speed of the improved machine relative to the original machine?
Solution 1


Given that Program instructions consists of:

  • 60% floating point multiply
  • 20% floating point divide
  • 20% other instructions

Amdahl's law states that:

Execution time affected by improvement = (Execution time after improvement/ Amount of improvement) + (Execution time unaffected)

Assuming initially that floating point multiply, divide and other instructions have same clocks per instruction (CPI).

Part (a)

New execution time after improvement with multiply = (60) / 8 + (20 + 20) = 47.5

New execution time after improvement with Divide = (20) / 3 + (60 + 20) = 86.67

New system should be 4x faster which means new execution time should be below = 100/ 4 = 25.

Therefore, Management's goal can NOT be achieved by making the improvement with multiply or divide alone.

Part (b)

New execution time after improvement with multiply and divide = (60 / 8) + (20 / 3) + 20 = 34.17

Speed up = execution time of original machine / Execution time of new machine = (100 / 34.17) = 2.93

Therefore, new machine is 2.93 times faster than original machine.

PRISM Marketing received $100,000 from a customer on January 2nd, 2022 to be on retainer for the next two years. The appropriate journal entry to illustrate earned revenue at PRISM's fiscal year-end on December 31st, 2022 would be ____________. In the choices below, as per convention, debits are listed first followed by credits.
Solution 1


Debit    Cash                              $100,000

Credit   Service Revenue             $50,000

Credit   Deferred revenue            $50,000

Being two years retainer-ship income


The two years retainer-ship $100,000 income received is of two parts $50,000 is for the current financial year  (year 2022) and the other $50,000 is income received in advance also called unearned or deferred income  which is for  year 2023.

The current year (year 2022) income is already earned and should form part of the income statement for the year and must be credited to service income account, while the portion received in advance should be credited to unearned revenue also called deferred revenue account. This is in line with accrual accounting principle, because it is money received for which services have not yet been rendered.

Specialization and production possibilities Suppose the United Kingdom produces only tablets and smartphones. The resources that are used in the production of these two goods are not specialized-that is, the same set of resources is equally useful in producing both smartphones and tablets. The shape of the United Kingdom's production possibilities frontier (PPF) should reflect the fact that as the United Kingdom produces more smartphones and fewer tablets, the opportunity cost of producing each additional smartphone increases The following graphs show two possible PPFs for the United Kingdom's economy: a straight-line PPF (PPF1) and a bowed-out PPF ( PPF2).Figure:4 graphs are shown
Solution 1


It is explained in the question itself that the resources are not specialized for the production of any one commodity. They have mid that the same resource can be used for the production of both smart phones as well as the tablets. Thus, when the UK increases the production of the smart phones, the opportunity cost of producing the Tablets remains constant or remains the same because the trade-off between the goods will be constant.

Thus, when the opportunity cost remains constant and the economy carries on the production, then the Production Possibility Frontier of the economy will be represented with the help of a straight line PPF. Here in the graphs, Graph 1 represents the straight line PPF and thus, the trade-off between the smart phones and the tablets will be represented by the Graph 1.

GHI Co. is planning to pay a dividend of $3.20 in the next year and expects to grow the dividend at a constant rate of 4% per year, indefinitely. If the required rate of return buy shareholders is 12%, then the price the price of this stock should be:
Solution 1


The price of this stock = $41.6



The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.

So if an asset (e.g a stock) promises some cash flows in the future, those cash flows need to be brought to their present values and then be added to arrive at the value of the asset.

This model is based on the concept of the time of money. The idea that $1 today is not the same as $1 tommorow. The $1 of today is worth more than that of tomorrow; and because of the opportunity to earn interest. So to determine the worth of a future cash flow, we compute its worth today- its present value.

The Present Value of a future cash flow is the amount that needs to be invested today at a particular rate of return to equal the same cash flow in the future. Present value means the value in year 0 or now

The process of calculating the present value of a future sum is called discounting. So to calculate the stock price in this question, we shall discount the future dividends using the required rate of return and then add them together.

Applying this model, the price of the stock

P =D (1+g)/(r-g)

D in year 0 (i.e now),  r = required rate of return, g- growth rate

D- 3.20, r- 0.12, g -0.04

P = (3.20 × (1+0.04))/(0.12-0.04)

P = $41.6

The price of the stock = $41.6

At the end of every year Mr. E deposits $2,000 into a savings account that earns interest at a 6% compounded annual rate. What will his account balance be after 9 years have passed
Solution 1


A = $3378.95


Given data:

Deposit amount = $2000

Compound annual rate 6%

Duration of deposition = 9 yr

amount after 9 year can be computed by using following formulaA = P(1+ \frac{r}{n})^{nt}

plugging all value in above formula

where n = 1,

P = 2000

r = 0.06

t = 9 year

interest is compounded annually

A = 2000 ( 1 + \frac{0.06}{1}^{1\times 9}

A = $3378.95

Maas, Inc., sells washers and dryers that include a maximum one-year warranty covering parts. Past experience shows that warranty expense averages about 2 percent of the selling price of each washer and dryer. Net sales totaled $400,000 during the year ending December 31. Prepare the December 31 adjusting entry for Maas by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Solution 1


See explanation section


Journal entry to be recorded -

Debit    Warranty expense          $8,000

Credit   Estimated warranty liability         $8,000


Net sales = $400,000

warranty expenses = 2% of the net selling price.

Therefore, estimated warranty expense = $400,000 × 2% = $8,000

Since, the company does not pay the expenses, a liability arises. Since we are estimating the value from past experience, the liability will be estimated.