Taitron Components Incorporated engages in the distribution of brand name electronic components, as well as the supply of original designed and manufactured (ODM) electronic components. The company decides to improve its value chain management function. What are some of the possible benefits that Taitron can obtain from this move?
What will be an ideal response?
The company can obtain the following primary benefits from good value chain management: (1) improved procurement, (2) improved logistics, (3) improved product development, and (4) enhanced customer order management. These benefits are common for a manufacturing company which implements value chain management. The students may provide other benefits of value chain management along with the benefits mentioned here.
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In a short essay, describe the concept of ethical auditing.
What will be an ideal response?
Ambition:
a. All of the answers are correct. b. means wanting to get things done. c. can go wrong and lead to a selfish quest for power. d. is usually a positive force.
The Treaty of Rome regulates:
a. concerted anticompetitive conduct. b. mergers. c. abuse of market dominant position. d. Both a and c
An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $127,200 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employer must pay?
A. $420.00 B. $0.00 C. $375.00 D. $42.00 E. $378.00