How inventory management significantly affect the organization's
success?
Answers
Inventory management has a direct impact on cost control, cash flow, customer satisfaction, demand planning, operational efficiency, and competitive advantage. Effective inventory management helps in controlling costs related to carrying inventory.
Inventory management plays a significant role in the success of an organization for several reasons:
Cost Control: Effective inventory management helps in controlling costs related to carrying inventory. By optimizing inventory levels, organizations can minimize holding costs, such as storage, insurance, and obsolescence costs. It also reduces the risk of inventory shrinkage or spoilage.
Cash Flow: Efficient inventory management ensures that the organization has the right amount of inventory at the right time. This prevents excessive tying up of capital in excess inventory and allows for better cash flow management. By reducing inventory holding periods and improving inventory turnover, organizations can free up cash for other business operations.
Customer Satisfaction: Proper inventory management enables organizations to fulfill customer orders promptly and accurately. Having the right inventory available when customers need it ensures timely order fulfillment and minimizes stockouts. This leads to improved customer satisfaction, repeat business, and positive word-of-mouth referrals.
Demand Planning: Inventory management helps organizations understand customer demand patterns and forecast future demand accurately. By analyzing historical data and market trends, organizations can align their inventory levels with anticipated demand, reducing the risk of overstocking or understocking. This allows for better production planning, minimizing stockouts and reducing the need for costly expedited or emergency orders.
Efficient Operations: Effective inventory management streamlines internal processes and operations. It ensures that materials and components are available when needed for production, minimizing production delays and downtime. It also helps in optimizing order fulfillment processes, reducing lead times, and improving overall operational efficiency.
Competitive Advantage: Good inventory management practices can provide a competitive advantage. Organizations that effectively manage their inventory can offer faster delivery times, a wider product selection, and better customer service. This can differentiate them from competitors and attract more customers, leading to increased market share and profitability.
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Related Questions
The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answers
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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How do savers benefit from capital markets?
Answers
Answer:
It also helping our country to become stable and giving a good position in economic compare to other country because if savers give more capital to the financial market the can used as a capital for borrowers to do their business to gain more profit to all of them,
Explanation:
Opinion
1. Problem solving and critical thinking are defined as
A. The process of finding solutions using myths.
3. Determining the quality of our beliefs,
C. The ability to use facts, knowledge and data to successfully solve problems
D. Assessing the practical impact of our beliefs,
Answers
Answer:
I believe it's C
Explanation:
It might not be, so I would wait till someone else gives you a answer just in case!!
Agarwal Technologies was founded 10 years ago. It has been profitable for the last 5 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management has indicated that it plans to pay a $0.25 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 8.00% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of 11.00%, what is your estimate of the stock's current value? Use the dividend values provided in the table below for your calculations. Do not round your intermediate calculations.
Year 0 : Growth rate = NA, Dividends = $0.000
Year 1 : Growth rate = NA, Dividends = $0.000
Year 2 : Growth rate = NA, Dividends = $0.000
Year 3 : Growth rate = NA, Dividends = $0.250
Year 4 : Growth rate = 90.00%, Dividends = $0.475
Year 5 : Growth rate = 45.00%, Dividends = $0.689
Year 6 : Growth rate = 8.00% Dividends = $0.744
Question 15 options:
O $15.62
O $17.18
O $11.87
O $12.97
O $14.22
Answers
Based on the provided dividend forecast and a required return of 11.00%, the estimated current value of Agarwal Technologies' stock is $14.22.
To estimate the current value of the stock, we need to calculate the present value of the expected future dividends. The present value formula takes into account the time value of money and discounts future cash flows to their present value.
Using the dividend values provided in the table, we calculate the present value of each dividend and sum them up. Here are the calculations:
Year 0: Dividends = $0.000 (Not applicable for valuation)
Year 1: Dividends = $0.000 (Not applicable for valuation)
Year 2: Dividends = $0.000 (Not applicable for valuation)
Year 3: Dividends = $0.250 / (1 + 0.11)^3 = $0.183
Year 4: Dividends = $0.475 / (1 + 0.11)^4 = $0.317
Year 5: Dividends = $0.689 / (1 + 0.11)^5 = $0.411
Year 6 onwards: Dividends = $0.744 * (1 + 0.08) / (0.11 - 0.08) = $3.936
Now, we sum up the present values of the dividends:
$0.183 + $0.317 + $0.411 + $3.936 = $4.847
Therefore, the estimated current value of Agarwal Technologies' stock, considering the provided dividend forecast and a required return of 11.00%, is $14.22 (rounded to the nearest cent).
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Teague & Mark, LLP's bank statement for March 31, showed a cash balance of $2,730.
The company's Cash account in its general ledger showed a $863 debit balance. The following information was also available as of March 31st.
a. A check for $100 was returned as NSF by the bank. The bank charged a returned check $25 processing fee.
b. The March 31st cash receipts of $3,428 were placed in the night drop box after the bank closed.
c. A $15 debit memo for checks printed by the bank was included with the canceled checks.
d. Outstanding checks amounted to $2,565.
e. A customer's note for $1,500 was collected by the bank and a collection fee of $25 was deducted.
f. A check for $325 which was drawn on another company was included with the canceled checks.
1. Prepare a bank reconciliation as of March 31st.
2. Prepare adjusting entries.
Answers
Write a question keep it simple
Answers
Answer:
Why do people break up if they love each other?
Explanation:
sorry it's not simple lol
6 main emotional road blocks james L adams identified as preventing us from creativity
Answers
James L. Adams identified six main emotional roadblocks that prevent creativity. These roadblocks are fear of failure, fear of the unknown, self-doubt, low self-esteem, pessimism, and a lack of motivation.
Fear of failure can be a powerful roadblock to creativity as it can limit our willingness to try something new or take risks. Fear of the unknown can also prevent us from being creative, as we may be unsure of what to expect.
Self-doubt can keep us from being creative as we may not believe in our own abilities.
Low self-esteem can lead to a lack of confidence, which can keep us from pursuing creative activities.
Pessimism can prevent us from seeing the potential of our ideas, as we may expect them to fail.
Finally, a lack of motivation can be an obstacle to creativity, as we may not feel inspired to create. By recognizing and overcoming these emotional roadblocks, we can open ourselves up to greater creativity.
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What does fixed rate mortgage means?
Answers
A home loan option with a fixed interest rate for the duration of the loan is known as a fixed-rate mortgage.
How long is a 30-year fixed mortgage? A home loan option with a fixed interest rate for the duration of the loan is known as a fixed-rate mortgage.In essence, the mortgage's interest rate will not vary throughout the loan's term, and the borrower will continue to make equal monthly payments for interest and principal.In the event that all payments are made on time, a 30-year fixed-rate mortgage will be fully repaid in 30 years.During the entire term of a fixed-rate loan, the interest rate is fixed.A fixed-rate loan's principal benefit is that, in the event that interest rates rise, the borrower is shielded against unexpected and potentially large increases in monthly mortgage payments. Mortgages with fixed rates are simple to comprehend and have few differences across lenders.To learn more about mortgage refer
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A ________ can be defined as a recurring period of decline that usually lasts 6 months to a year and includes many widespread contractions from many areas of the economy.
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A recession can be defined as a recurring period of deadline usually lasts 6 months a year and features numerous widespread declines from numerous economic sectors.
A significant, pervasive, and protracted decline in economy activity is referred to as a recession. A recession is often defined as two quarters of declining overall gross domestic product (GDP) in a row. Total production, consumer spending, and employment all often experience reductions during recessions.
From the peak of the previous expansion to the low point of the downturn, economists calculate the length of a recession. Recessions may only last a few months, but it may take years for the economy to recover to stable state. Unemployment is the most difficult to recover from a recession.
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Luker Corporation uses a process costing system. The company had $177,500 of beginning Finished Goods Inventory on October 1. It transferred in $854,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $175,200. The entry to account for the cost of goods sold in October is:]
Answers
Answer:
Dr Cost of goods sold 856,300
Cr Finished goods inventory 856,300
Explanation:
we must first determine the value of the total goods manufactured:
beginning inventory of finished goods + finished goods = $177,500 + $854,000 = $1,031,500
the cost of goods sold = total goods manufactured - ending finished goods = $1,031,500 - $175,200 = $856,300
Dr Cost of goods sold 856,300
Cr Finished goods inventory 856,300
which one of these is an example of a necessary debt
Answers
Answer:
An example of unnecessary debt is when you change your clothes and don't really need on a high-interest score. Thus option C is correct.
What is unnecessary debt?
An unnecessary debt can be caused by a variety of issues such as expensive life events, having children, or moving to a new house. It may also be due to poor money management. The debt is due to those things that are not needed and hence are unnecessary.
Explanation:
the burden of a tax per unit of output will fall heavily on consumers when demand is relatively __________ and supply is relatively __________. multiple choices : a. Inelastic, elastic. b. Inelastic, inelastic. c. Elastic, elastic. d. Elastic, inelastic
Answers
The correct answer is a. Inelastic, elastic. When demand is relatively inelastic, it means that consumers are not very responsive to changes in price and will continue to purchase the product even if the price increases.
In this scenario, the burden of the tax per unit of output will fall heavily on consumers. On the other hand, if supply is relatively elastic, it means that producers can easily adjust their production levels in response to changes in price.
In this case, the burden of the tax will not fall as heavily on consumers as producers will be able to absorb some of the cost by reducing their production levels.
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Which of the given techniques is a way of assessing the entrepreneurial environment?
A. SWOT analysis
B. free writing
C. mind mapping
D. self-analysis
Answers
Answer:
A. SWOT analysis
Explanation:
A SWOT analysis is a business administration technique that assesses both the internal and external enviroment of a business.
The internal enviroment consists of the firm's strengths and weaknesses, while the external enviroment consists of the threats and opportunities that the firm has to face.
Once these factors are added in the SWOT matrix, strategies are formulated taking into account two elements of each of these factors at the time. For example, one strategy can combine a weakness and and a threat, while another strategy can combine a strength and an opportunity.
Token economies are based on
a. classical conditioning.
b. operant conditioning.
c. vicarious conditioning.
d. cognitive learning.
Answers
Token economies are based on operant conditioning. Option b is correct choice.
Token economies are based on operant conditioning, which is a theory of learning that involves the use of reinforcement to increase or decrease the likelihood of a behavior occurring. In a token economy, tokens are given as a form of positive reinforcement for desired behaviors, which can then be exchanged for rewards or privileges.
This system is often used in schools, prisons, and mental health facilities to encourage positive behavior and reduce negative behavior. The use of tokens allows for immediate reinforcement of desired behavior, which can be more effective than delayed reinforcement. Option b is correct choice.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
Can someone pls help me with this? I'll give Brainliest :]
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Answers
Answer:
sure but how can i help
Explanation:
Required information TThe following information applies to the questions displayed beiow] Biock Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fber. Management reports that 5.000 snowboards and 6,000 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 150,000 snowboards are budgeted to be sold during the third querter, Management wants to end the third quarter with 3,500 snowboards and 4,000 pounds of carbon fiber in inventory. Carbon fiber costs $15 per pound. Each snowboard requires 0.5 hour of direct labor at $20 per hour. Variable overhead is budgeted at the rate of $8 per direct labor hour. The company budgets foxed overhead of $1,782,000 for the quarter. Required: 1. Prepare the production budget for the third quarter. Hint Desired ending inventory units are given.
Answers
The production budget for the third quarter includes producing 148,500 snowboards and purchasing 297,000 pounds of carbon fiber with a total cost of $4,455,000.
To prepare the production budget for the third quarter, we need to consider the desired ending inventory and the budgeted sales.
Given information:
- Beginning inventory of snowboards: 5,000
- Beginning inventory of carbon fiber: 6,000 pounds
- Budgeted sales of snowboards: 150,000
- Desired ending inventory of snowboards: 3,500
- Desired ending inventory of carbon fiber: 4,000 pounds
- Cost of carbon fiber: $15 per pound
Production Budget:
1. Calculate the required production of snowboards:
Budgeted sales + Desired ending inventory - Beginning inventory = 150,000 + 3,500 - 5,000 = 148,500 snowboards
2. Calculate the required production of carbon fiber:
Snowboards production * Carbon fiber per snowboard = 148,500 * 2 = 297,000 pounds
3. Calculate the total cost of carbon fiber:
Carbon fiber production * Cost per pound = 297,000 * $15 = $4,455,000
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Which departments should be involved in creating content?.
Answers
Creating content is a crucial aspect of any organization's marketing strategy. It requires the involvement of multiple departments within the organization.
These departments should include marketing, sales, customer service, and product development. Marketing Department The marketing department's primary role is to research and analyze the market, identify target audiences, and develop marketing campaigns.
As a result, they are responsible for creating content that is aligned with the organization's marketing goals. They have a deep understanding of the target audience, which is essential for creating content that resonates with them. Sales Department The sales department works closely with the marketing department to understand the customers' pain points, needs, and wants. They are the ones who interact with customers directly and have a deep understanding of their needs.
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under a system of floating exchange rates, a japanese trade surplus against canada would result in a(n)
Answers
A Japanese trade surplus versus Canada would result in a rise in the dollar price of the yen under a floating exchange rate regime. Hence, the right answer is a Rise in the dollar price of the yen.
What exactly is a floating exchange rate?A floating exchange rate (also known as a fluctuating or flexible exchange rate) is a form of exchange rate regime in which the value of a currency is permitted to vary in response to changes in the foreign exchange market. A floating currency is one that utilizes a variable exchange rate, as opposed to a fixed currency, the value of which is determined in terms of material items, another currency, or a group of currencies.
Most of the world's currencies are floating in the contemporary world, including the most commonly traded currencies: the US dollar, the euro, the Swiss franc, the Indian rupee, the pound sterling, the Japanese yen, and the Australian dollar.
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The annual master budget file includes the ________ from last year because it is needed for the schedule of expected cash collections.
Answers
The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
A sentence about annual master budget files
Annual master budget files are a collection of files with detailed lists of cash movements inside, from and to a business. This information is useful to predict and estimate expected cash movements and to construct expected budget in terms of costs and time for the next fiscal year.
For this reason, an annual master budget file must include the budget from last year. The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
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Jose and Jan have inherited $200,000 from their parents. They are glad that their money in this financial institution is insured by the FDIC. They know that they have physical access to their financial institution when they travel since it is many states all over the nation. What financial institution have they chosen
Answers
Answer: Bank
Explanation:
From the question, we are told that Jose and Jan have inherited $200,000 from their parents and that they are happy that their money in this financial institution is insured by the FDIC and they have physical access to their financial institution when they travel since it is many states all over the nation.
Based on this explanation, they have chosen a bank. A bank is a financial institution that collects deposit from the public, make loans, keep valuables etc. Banks also provide functions such as currency exchange, and wealth management.
Cashews, Inc. issued $100,000, 6% bonds at face value on January 1. The bonds pay interest semiannually on June 30 and December 31. For the year ended December 31, the amount of interest paid equals ______ and is reported on the statement of cash flows as a(n) ______ activity. Multiple choice question.
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Which of the following elements can co-exist in new organizational data architectures that integrate Hadoop or Spark to accommodate big data? Enterprise Data Warehouse Data Marts Relational Databases ETL processes
Answers
The elements that can co-exist in new organizational data architectures integrating Hadoop or Spark for big data are: Enterprise Data Warehouse, Data Marts, Relational Databases, and ETL processes.
New organizational data architectures that incorporate Hadoop or Spark to handle big data can benefit from the coexistence of various elements.
1. Enterprise Data Warehouse (EDW): An EDW serves as a centralized repository for an organization's integrated data. It allows for data consolidation, standardization, and efficient querying.
2. Data Marts: Data marts are subsets of an EDW that are focused on specific business functions or departments. They provide tailored data for specific analysis needs while still drawing from the centralized data source.
3. Relational Databases: Relational databases play a crucial role in organizing structured data and supporting traditional query operations. They can be integrated into the architecture to handle structured data elements alongside big data.
4. ETL Processes: Extract, Transform, and Load (ETL) processes are used to extract data from various sources, transform it into a suitable format, and load it into the target data storage. ETL processes facilitate data integration and preparation for analysis.
By combining these elements in the data architecture, organizations can leverage the scalability and processing capabilities of Hadoop or Spark for big data while also incorporating established data warehousing practices, relational databases, and ETL processes to handle structured data and support diverse analytical requirements.
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With respect to the selection tools that are used in processing applicants for a sales job:Group of answer choicesNone of these is correct.Companies should use standardized forms (developed for general use by any company) as much as possible.The most effective sequence is to start with an application blank and follow up with a series of interviews.The least costly tools should be used first.Under Affirmative Action guidelines, a company is not allowed to use psychological tests.
Answers
The companies should use the standardized forms because it is the most effective and guarantee quality selection.
Let understand that Selection tools are those tools used in selection process of hiring qualified applicant for a job.
The various method of selecting qualified applicant include:
Preliminary screeningPhone interviewsFace-to-face meetings etcThe standardization form of selecting applicants is most effective because its means that the process have been established and guarantees quality selection.
Therefore, Option A. is correct.
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Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?
Answers
The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.
What is accountant?By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.
Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.
These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.
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QUESTION 4 of 10: One survey has 3 respondents, and another 100. Which survey is more likely to accurate data? a) The one with the larger sample size b) The one the smaller sample size
I need help
Answers
Answer:
The one with the larger sample size
Explanation:
Larger sample sizes provide more accurate mean values, identify outliers that could skew the data in a smaller sample and provide a smaller margin of error.
The survey is more likely to have accurate data is the one with larger sample size. Thus the correct option is A.
What is Survey?The survey is referred to as a technique of data collection with the objective to perform research by asking questions. In surveys, a group of participants is involved in which questions related to the research are asked.
The accuracy of the average values will increase with the size of the sample. In addition to providing smaller margins of error, larger sample sizes aid researchers in discovering patterns in data.
The smaller sample size cannot be considered accurate due to its value. The smaller sample size is cost-effective and time-saving but cause more error in data collection.
Therefore, option A one with the larger sample size is appropriate.
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Which of the following would NOT cause a shift in supply? A. changes in the price of inputs B. changes in the price of other goods C. changes in consumer input D. changes in technology
Answers
Answer:
C.
Explanation:
The correct answer would be changes in consumer input.
The supply of a good can be influenced by changes in the price of inputs for that goods, changes in the price of substitute goods, as well as changes in technology that positively or negatively affect the production of such goods.
What will not affect the supply of any good is changes to consumer's input. An input generally referred to a substance that is required to produce an output. Unless the consumer of a good is also the producer of that good, a consumer's input will not impact the supply of a product.
The correct option is C.
In the case of distributive bargaining, the ________ point indicates what a person would like to achieve out of a negotiation.
Answers
In the case of distributive bargaining, the target point indicates what a person would like to achieve out of a negotiation.
What is collective bargaining?This is when an agreement is reached between employer and employees in an organization on issues that requires urgent attention.
Collective bargaining involves employees working together in an organization coming together to agree about some important matters.
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What are some of the services and programs that are funded by income taxes?.
Answers
The service and programs supported by income tax are health covers, security to the society , educational schemes, interest on the debt of the country and so on.
What are the benefits provided by the government?The services and programs funded by income tax utilize for the welfare of the society. This income tax is used in the development of infrastructure and to increase growth opportunities in the country.
The Government purchased arms and weapons to protect the country from neighbour rival countries and provide security to the citizens. They use this amount in the invention of new medicines or research.
The Government launched new schemes to educate individuals and also provide them with employment opportunities. They also provide healthcare facilities to their citizens.
Therefore, these are the services that are funded to provide support and safety to the citizens of the country.
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Colleges use________ management systems (LMSs) to set up web-based training sites where students can check their progress in a course, take practice tests, and exchange messages with the instructor or other students.
Answers
Answer:
Learning
Explanation:
learning management systems is a software designed for the purpose of making educated content go round. It makes learning easier.
It should be noted that Colleges use this learning management systems (LMSs) to set up web-based training sites where students can check their progress in a course. With this software student can take test in preparation for their exam