Compare the Advantages and Disadvantages of Formal and Informal Techniques

question 8

Essay

Compare the advantages and disadvantages of formal and informal techniques for the assessment of language.

Determine the value-added ratio in a process.

Apply lean accounting principles to reduce transactions and improve efficiency.

Associate quality control activities with their appropriate classifications.

Compute value-added, non-value-added, and total lead times in a manufacturing process.

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Definitions:

Offshoring

The practice of relocating business processes or services to another country, often to reduce costs or access skilled labor not available domestically.

Reengineering

A complete review of the organization's critical work processes to make them more efficient and able to deliver higher quality.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Outplacement Services

Professional services that help terminated employees transition to new jobs by providing support such as resume writing and interview preparation.