Discuss the factors driving an increased focus on sustainability
What will be an ideal response?
Answer: First, they can be divided into three distinct categories:
1. Reducing risk and improving the financial performance of the supply chain
2. Attracting customers who value sustainability
3. Making the world more sustainable
Most action has been observed primarily when a focus on sustainability reduces risk for the supply chain and improves financial performance. Much less success has been driven by customer demand or the desire to make the world more sustainable. It is interesting to note that there is significant opportunity even if supply chains only focus on the areas that reduce risk and improve financial performance. Customers to this point have not been willing to pay extra for sustainable products as a whole even though many customers are environmentally sensitive. As such, macro policies may be one of the best options for improving the sustainability of all supply chains.
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Carattini Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead$360,000 Budgeted hours 36,000labor-hoursStandard hours allowed for the actual production 34,200labor-hoursTotal actual manufacturing overhead$340,376 Actual hours 37,200labor-hoursThe total amount of manufacturing overhead applied is closest to:
A. $340,376 B. $372,000 C. $312,900 D. $342,000
Walking Together, an NGO, uses historical trends to determine in which month the amount given as donations is the highest, and then it sets the dates for its donation drives based on the trends. This is an example of ________
A) data-driven decision making B) intuitive decision making C) customer relationship management D) business process reengineering
Organizational learning is the ability of an organization to use past behavior and information to improve its business processes
Indicate whether the statement is true or false
The cash budget is concerned only with dollars received and dollars paid out.
Answer the following statement true (T) or false (F)