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Identify the Stakeholders in Each of the Following Entities and the Decisions

question 11

Essay

Identify the stakeholders in each of the following entities and the decisions they make.
i) A non-for-profit day care centre operated by the parents of the children.ii) A small family owned convenience store.
iii) A large publicly owned grocery chain.


Definitions:

Direct Labor-Hours

The total hours of labor directly worked on the production of goods or services, used as a basis for assigning labor costs.

Machine-Hours

A measure of production time wherein the focus is on the number of hours a machine is operated in the manufacturing of goods.

Casting Department

The casting department is a specialized segment within a manufacturing facility where metal casting processes are carried out to create metal parts.

Finishing Department

A section of a manufacturing company where goods are completed and prepared for sale.

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