Which of the Following Could Be a Reason for a Favorable

question 7

Multiple Choice

Which of the following could be a reason for a favorable material price variance?

• A) the purchasing manager bargaining effectively with suppliers
• B) the purchasing manager giving orders for small quantity to reduce storage cost
• C) the purchasing manager accepting a bid from the highest-priced supplier to ensure the quality of material
• D) the personnel manager hiring underskilled workers

Understand the importance of using historical data for predictive analytics in various fields.

Comprehend the methodology of calculating average values from given data sets.

Distill complex numerical data into understandable seasonal trends for strategic planning.

Understand the concept of stock valuation and its importance in financial management.

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Definitions:

Freezing

The process of solidifying or stabilizing new behaviors or changes within an organizational context to prevent regression.

Structuring Phase

The stage in project management or business planning where the objectives, roles, responsibilities, and timelines are defined and organized.

Refreezing Phase

This refers to the final stage in Lewin's change model where new behaviors or changes are solidified into the organization's culture, ensuring stability and longevity of the new status quo.

Internal Forces

Elements within an organization, such as employee attitudes or management decisions, that influence its operations.