Jack Is the Business Head at Micron Computers

question 7

Multiple Choice

Jack is the business head at Micron Computers. The firm has set its revenue target for the year at $5 million. Jack will have to ensure that this financial target is met by overseeing the performance of the firm's various departments and providing necessary direction and guidance. In this scenario, Jack has ________.

• A) general responsibility
• B) specific responsibility
• C) operational responsibility
• D) latent responsibility
• E) tactical responsibility

Distinguish between qualitative and quantitative approaches to demand forecasting in HR.

Understand the concept of environmental scanning and its importance in strategic planning.

Recognize the factors leading to organizational change and the role of HR in managing this change.

Comprehend the significance of strategic alignment and the use of tools such as the balanced scorecard in achieving this alignment.

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Definitions:

Specific Identification Method

An inventory costing method where specific costs are attached to individual units of inventory, typically used for unique or high-value items.

Low-Unit Cost Items

Products or goods that have a relatively low cost per unit, making them inexpensive to purchase in large quantities.

Inventory Valuation

The method used to calculate the cost of goods sold and the ending inventory, factoring in purchases and any changes in costs or quantities.

LIFO

"Last In, First Out," an inventory valuation method where the last items purchased are the first sold.