Ahmad just implemented some operational changes in all the departments. Based on the concept of planning, suggest the best action to be taken by Ahmad pertaining to the changes ? a. Ahmad should let other managers to cater the issues for him O b. Ahmad should wait for the issues to happen and then solve them O c. Ahmad should ask the employees to solve any issues when it happens O d. Ahmad should identify the issues and prepare to avoid them in advance
Ahmad just implemented some operational changes in all the departments. Based on the concept of planning, suggest the best action to be taken by Ahmad pertaining to the changes ? a. Ahmad should let other managers to cater the issues for him O b. Ahmad should wait for the issues to happen and then solve them O c. Ahmad should ask the employees to solve any issues when it happens O d. Ahmad should identify the issues and prepare to avoid them in advance
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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