How do the two main types of technology relate to organizations day to day operation?
What will be an ideal response?
*Operations technology is the combination of processes, knowledge, and techniques that creates product
or service value for an organization
*Information technology (IT) is a set of tools, processes, systems, and data communications based on
microelectronic technology designed to disseminate information and provide support to individuals in an
organization
*Ten years ago, the perception of IT was very different. Organizations had a dedicated IT department to
troubleshoot system issues and provide technical support. Today the role of IT goes beyond merely
repairing machine glitches The introduction of the World Wide Web and the rise of social media and
telecommunications have made IT an essential part of operations that not only provides critical support,
but also enhances business performance
*Sociotechnical systems that describe the relationship between human behavior and technical systems
*Researchers have shown that organizations that focus on both the technical side and the human side
have a better chance of success
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________ is a nonprobability sampling technique that attempts to obtain a sample of convenient elements and leaves the selection of sampling units primarily to the interviewer
A) Convenience sampling B) Snowball sampling C) Simple random sampling D) Systematic sampling E) Window sampling
Baraban Corporation has provided the following data for its most recent year of operation: Selling price per unit$47 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$10Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$130,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$63,000 Units in beginning inventory0Units produced during the year10,000Units sold during the year9,000Units in ending inventory1,000The unit product cost under absorption costing is closest to:
A. $34.00 B. $21.00 C. $13.00 D. $39.00
Which of the following capital expenditure planning and control techniques has been criticized because it might mistakenly imply that earnings are reinvested at the rate of return earned by the investment?
a. payback method b. accounting rate of return c. net present value method d. internal rate of return
In a short essay, list six components of a code of conduct for financial institutions according to the publication “Corporate Codes of Conduct: Guidance to Implementing an Effective Ethics Program.”
What will be an ideal response?