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Satellite Communications Jonathan Worked for Satellite Communications for Twenty Years. in the in the Time

question 126

Multiple Choice

Satellite Communications
Jonathan worked for Satellite Communications for twenty years. In the time that he worked there, he learned a lot about the company and how it operated. The company met its sales and revenue goals every year. However, most of the employees had similar educational and cultural backgrounds. He believed that the company could do much better if it cultivated an environment that promoted many different ideas. Additionally, Satellite Communications was mostly focused on how much revenue it earned in a given year. Jonathan felt that the most important goal should be to satisfy customers. He believed financial success would result from focusing on customers.
After a lot of consideration, Jonathan decided to open his own business called Universal Communications and hire employees that reflected a more diverse customer base. He was happy to have this opportunity because it was a dream that he had always had. He had always wanted to make his own decisions about what his company would produce and how. The only aspect of the business he was unsure of was pricing, yet he knew this would be important for his ultimate success.
-Refer to Satellite Communications. When hiring people, Jonathan thinks it is important to consider

Definitions:

Grinding Department

A specialized unit within a manufacturing process where materials are ground to the desired size or consistency.

Current Period

Refers to the specific span of time, such as a month, quarter, or year, that a financial statement covers.

Value Basis

The method or approach used to determine the worth or value of an asset or company, often for financial reporting or taxation.

Joint Costs

Costs that are incurred in the process of producing two or more products up until the point the products are separable, typically relevant in industries like oil refining or food processing.