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Answer Introduction The process of determining the vision for the future and also identification of goals and objectives for the organization is known as the process of a strategic plan. This process and procedure also involve establishing and developing the sequence in which those goals should fall so that the business corporation is enabling d to reach its stated vision (Bakker, 2014). A strategic plan can also be considered as a document tha...Read More
Answers 1. Inventory management plays a very significant role in the organizations and is closely linked to the supply chain management. Business organizations maintain of finished goods to serve customers using various policies like vendor managed inventory and electronic data interchange. Inventory is considered to be an important asset and companies manage this asset strategically. The apex management plans, coordinates and controls acquiring...Read More
Answer: Introduction This study deals with understanding the concept of corporate credit cards. As an accountant for Bucks Phyz, it is required to summarize the sales process for Bucks Phyz. In this, key relevant facts need to be mentioned in the current segment (Soh & Martinov-Bennie, 2015). The CEO of Bucks Phyz is well aware of this information but the overview of the report will help in bringing the report together for other reade...Read More
Answer: Section 1: Core concept Figure 1.1 Figure 1.2 Figure 1.1 shows the concepts of Constructors, getters and setters. Getters and setters are used for setting up value of a variable and retreiving that value. Instance members of a class are private mostly and their values are accessed by using getters and setters. Constructors are used for initialization of an object when it is created. We can have parameterized and empty cons...Read More
Answer: Decision Analysis First: Expected Monetary Value The Expected Monitory Value (EMV) for alternative 1, 2, and 3 are -13,000, 10,000 and 0 respectively. Equally likely (Laplace),Maximax and Maximin The maximum pay-off under a Laplace is 5000. The maximax from the pay-off table is 30,000. The maximin from the pay-off table is 0. Criterion of Realism (Hurwicz), where Hurwicz coefficient =0.70 The maximum of the criteri...Read More
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