Lakeside Inc. produces a product that currently sells for $36 per unit. Current production costs per unit include direct materials, $10; direct labor, $12; variable overhead, $5; and fixed overhead, $5. Product engineering has determined that a certain part of the product conversion process could be outsourced. Raw material costs would not be affected, but direct labor and variable overhead costs would be reduced by 30%. No other opportunity is currently feasible for unused production capacity.
Required:
a. What would be the net cost advantage or disadvantage if Lakeview decided to outsource part of the conversion process at a cost of $4 per unit? (Round your final answer to 2 decimal places.)
Net cost advantage or disadvantage $
b. Should Lakeside outsource part of the conversion process at a cost of $4 per unit?
Yes
No
Explanation:
a.
Current Production Costs
Avoidable Cost if Purchased
Cost to Buy
Relevant cost analysis:
Manufacturing costs:
Direct material
$
10.00
$
Direct labor
12.00
(30
%
)
Variable overhead
5.00
(30
%
)
Fixed overhead
5.00
Total cost per unit
$
32.00
Purchase costs:
Conversion processing
$
4.00
Advantage to buy
$
b.
pertinent qualitative factors should also be considered.
Answers
The net cost advantage of outsourcing the conversion process at a cost of $4 per unit would be $19.6.
a. The avoidable costs if Lakeside decides to outsource part of the conversion process would be the direct labor and variable overhead costs which would be reduced by 30%. Therefore, the avoidable cost per unit would be $8.4 ($12 + $5) * 0.3. Adding the conversion processing cost of $4, the total relevant cost per unit would be $12.4.
Net cost advantage or disadvantage = Current production costs per unit - Relevant cost if purchased per unit
Net cost advantage or disadvantage = $32 - $12.4
Net cost advantage or disadvantage = $19.6
Therefore, the net cost advantage of outsourcing the conversion process at a cost of $4 per unit would be $19.6.
b. Based on the relevant cost analysis, Lakeside should outsource part of the conversion process as it would result in a net cost advantage of $19.6 per unit. However, pertinent qualitative factors such as quality control, lead time, and supplier reliability should also be considered before making the final decision.
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Related Questions
When the insured knows more about their circumstances than the insurer, there is:.
Answers
This is asymmetric information.
Whenever one party to a transaction has access to more information than the other, this situation is referred to as having asymmetric information.
Because there is asymmetry of information in some transactions, where the vendor knows more about the product being sold than the buyer, sellers may exploit purchasers. The opposite is also sometimes true.
In terms of skilled labor, asymmetric information is viewed as a desirable result of a robust market economy, where employees specialize in one trade, become more productive, and add more value to workers in other crafts.
Therefore, the situation is of asymmetric information.
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by conducting ________, corporations expect to prevent unethical conduct to a greater degree.
Answers
By conducting ethical training programs and establishing a culture of ethical behavior, corporations expect to prevent unethical conduct to a greater degree.
These programs aim to educate employees on the company's values and principles, as well as provide guidance on how to navigate ethical dilemmas. The goal is to ensure that employees understand the importance of ethical behavior and are equipped with the tools to make ethical decisions.
Additionally, corporations may implement codes of conduct, whistleblower policies, and other mechanisms to encourage employees to report unethical behavior and hold themselves and others accountable. By prioritizing ethics and integrity,
Corporations can create a work environment that fosters trust and promotes responsible behavior, ultimately reducing the risk of misconduct and preserving the company's reputation. These training programs help employees understand the company's values and expectations, which in turn fosters a more ethical work environment.
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Lifelong Learning( Veronica takes advantage of all training opportunities offered at her job. She registered and attended workshops on diversity, cultural awareness, computer programs, etc...)This is an example of a ... *
Answers
Answer:
Lifelong Learning
Explanation:
This is an example of Lifelong Learning. This term refers to when an individual pursues knowledge in any and all shapes and forms from their own free will. This means that they are voluntarily going after knowledge and taking every opportunity to learn more without being forced to do so. Usually, because they believe that knowledge is power and want to learn because they like to do so. This is exactly, what Veronica is doing by taking full advantage of any opportunity that becomes available for her to learn any new skill.
Based on the current pandemic outbreak,
1. Critically evaluate the investment on employee skills development in the organizations?
2. What are the implications of the investment on employee skills development in the organizations?
Please provide the reference list as well
Answers
Investing in employee skills development is crucial for organizational resilience during the pandemic outbreak.
During times of crisis, organizations must adapt to rapidly changing circumstances, and having a skilled and versatile workforce is essential. By investing in employee skills development, organizations can enhance their employees' capabilities, enabling them to tackle new challenges and seize emerging opportunities. This investment not only equips employees with the necessary knowledge and skills but also fosters a culture of continuous learning and innovation within the organization. It demonstrates a commitment to employee growth and development, leading to increased job satisfaction, engagement, and loyalty.
Furthermore, investing in employee skills development can improve organizational productivity and efficiency. By enhancing employees' skills, they can perform their tasks more effectively and efficiently, resulting in higher quality outputs and streamlined processes. This can lead to cost savings, improved customer satisfaction, and a competitive edge in the market.
In addition, investing in employee skills development can contribute to organizational agility. During times of uncertainty, having a workforce with diverse skills and competencies enables organizations to adapt to changing circumstances more swiftly. Employees who are equipped with a broader skill set can be redeployed to different roles or functions, filling critical gaps and ensuring business continuity.
Overall, investing in employee skills development during the pandemic outbreak has significant implications for organizations. It enhances employee performance and satisfaction, improves organizational productivity, and fosters agility in the face of uncertainty. By prioritizing skills development, organizations can position themselves for long-term success and resilience in a rapidly changing business landscape.
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Flint Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2018 at a cost of $990,700. At December 31, 2018, the raw materials to be purchased have a market value of $942,000. Prepare any necessary December 31, 2018 entry.
Answers
Answer:
JOURNAL ENTRY :
Unrealized holding loss on purchase commitment - - - - - $48,700 Dr.
Estimated liability on purchase commitment ($990,700 - $942,000) - - - - 48,700 Cr.
Explanation:
Given the following :
Agreed purchase price of raw materials in 2018 = $990,700
Market value of raw material at 31, December 2018 = $942,000
JOURNAL ENTRY :
Unrealized holding loss on purchase commitment - - - - - $48,700 Dr.
Estimated liability on purchase commitment ($990,700 - $942,000) - - - - 48,700 Cr.
A final step in the strengths-weaknesses-opportunities-threats (swot) analysis is to identify quantitative measures for the?
Answers
Decision-makers define and describe specific strengths in the first quadrant, which is then followed by weaknesses, opportunities, and threats.
What SWOT analysis?A SWOT analysis is a technique for determining and analyzing internal strengths and weaknesses as well as external opportunities and threats that have an impact on current and future operations and aid in the formulation of strategic goals. SWOT evaluations aren't just for businesses.
In order to reach agreement on potential actions an organization might take to achieve its goals and objectives, quantitative SWOT analysis contrasts the internal, controllable aspects of the organization (i.e., Strengths and Weaknesses) with external, uncontrollable situational factors (i.e., Opportunities and Threats).
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in oligopoly, one expects a.aggressive advertising campaigns. b.intense marketing research into the impact of price changes. c.all of the responses are correct. d.frequent introduction of new or redesigned products.
Answers
In oligopoly, one expects all of the responses are correct.
a. aggressive advertising campaigns.
b. intense marketing research into the impact of price changes.
c. frequent introduction of new or redesigned products.
An oligopoly is a marketplace characterised by a small quantity of companies who realize they're interdependent in their pricing and output policies. The quantity of companies is small enough to offer every company some marketplace electricity.
An oligopoly is a marketplace structure in which a marketplace or enterprise is dominated by using a small number of massive sellers or producers. Oligopolies regularly end result from the preference to maximise earnings, main to collusion among businesses.
Oligopolies are markets where profit maximising competition set their strategies by means of paying near attention to how their rivals are probably to react. In those conditions, companies would possibly differentiate their products, which could benefit a few purchasers, however at a price.
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if i get 40 dollars a week how much weeks do i have to work until i get 2,300?
Answers
Answer:
57.5
Explanation:
I divided 2,300 by 40 which gave me 57.5
Answer: 57 and a half weeks or 58 full weeks
Explanation: 2,300/ 40 = 57.5
What is the answer?? I need help
Answers
Economic classes
Explanation:
they are all fit within the category about what the main question is
why do people buy franchise instead of expanding by opening more stores
Answers
People buy franchise because franchising helps franchisors gain areas where a market may be for their company, but the problem is they might not be familiar with. Franchising allows for the business to grow without spreading its top level human materials across too thin unlike stores. Franchisees can pay outlets in your chain of the system, you can large the number of locations without having to tap of your capital or needing to ask financing from banks.
an adjusting entry was made on year-end december 31 to accrue salary expense of $3,100. assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $6,800 payment of salaries in january of the following year? multiple choice account title debit credit salaries payable 3,100 salaries expense 3,700 cash 6,800 account title debit credit salaries payable 3,100 cash 3,100 account title debit credit salaries expense 3,100 salaries payable 3,100 account title debit credit salaries expense 6,800 cash 6,800 account title debit credit salaries payable 6,800 cash 6,800
Answers
The correct entry to record the $6,800 payment of salaries in January of the following year is the fourth one: account title debit credit salaries expense 6,800 cash 6,800.
This entry is needed to recognize the salaries expense, which was recorded in the adjusting entry made on December 31 as $3,100. The salaries payable account is reduced for the same amount, as the salaries were paid in January.
The first entry given, account title debit credit salaries payable 3,100 salaries expense 3,700 cash 6,800, would not be an accurate way to record the salaries payment. This would record the salaries expense as $3,700, which is incorrect as the amount of salaries expense recorded in the adjusting entry was $3,100.
The second and third entries given, account title debit credit salaries payable 3,100 cash 3,100 and account title debit credit salaries expense 3,100 salaries payable 3,100 respectively, would also not be an accurate way to record the salaries payment.
This would only record half of the total payment, as the total amount was $6,800. The fifth entry given, account title debit credit salaries payable 6,800 cash 6,800, would also not be an accurate way to record the salaries payment. This would not include the salary expense, which was originally recorded as $3,100.
In conclusion, the fourth entry given, account title debit credit salaries expense 6,800 cash 6,800, is the correct entry to record the $6,800 payment of salaries in January of the following year. Therefore, the correct entry is the fourth one: account title debit credit salaries expense 6,800 cash 6,800.
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The sales representatives at AdVance have been told by the CEO that they need to start using social media every day to help them close sales. Most of these reps are already using social media personally, but have not been using it in a business setting. Describe what is the best strategy for them to use to follow the CEO's request?
Answers
Answer: D) Interact more actively with clients and potential clients on social media, but without pushing business.
Explanation:
The options given are:
A) Post statistics and benefits of AdVance fertilizers on their personal accounts.
B) Begin work accounts that are separate from their personal accounts, and focus on posting images sent from the marketing department.
C) Send private messages to all their personal friends on social media asking them to purchase AdVance fertilizer.
D) Interact more actively with clients and potential clients on social media, but without pushing business.
E) Post photos of their vacations and purchases to show that they are successful at AdVance.
Based on the scenario portrayed in the question, the best strategy for them to use to follow the CEO's request is for the sales representatives to interact more actively with clients and potential clients on social media, but without pushing business.
Social media is a platform for people to interact, discuss issues and pass messages across to each other. Hence,
through the interaction with clients, the sales representatives can discuss new products and ask about the well being of their customers and clients which will help in enhancing customer relationships.
Interaction with customers can also help in building loyal customers and having a long lasting relationship with them. Customers are vital for businesses and it's vital for companies to always protect and keep them.
Select the correct answer.
What is the last step in the market research process?
O Apresenting findings
O B. analyzing information
O c. making decisions
OD. developing a research plan
O E. identifying the problem
Reset
Ne
Answers
Answer:
c. making decisions
Explanation:
The last step in marketing research is decision making. This step involves presenting findings, drawing conclusions, and deciding on the course of action to take.
The objective of any research is the get solutions to a challenge. The time and resources used in the research will go to waste if the recommendations are not implemented. While all the research steps are critical, failing to act on the findings makes the entire process worthless. Market research is a strong input to a business decision.
Answer:
uhm see now making a decision is the last thing to do
Explanation:
y bc uh u plan then decide
Flint Corporation was starting a new style of jacket and was monitoring the costs of its first production run of these items during the month. The costs and transactions associated with this jacket were as follows. 1. Purchased fabric on account at a cost of $360. 2. Transferred $290 of fabric into production. 3. Accrued DL cost of $190 associated with 10 DL hours. 4. Recorded actual MOH costs of $165 (consisting of accrued liabilities of $100 and factory-related depreciation of $65 ). 5. Applied MOH costsusing a budgeted MOH rate of $12 per DL hour. 6. Recognized cost of goods completed of $440. Assuming there were no beginning balances in any of the inventory accounts at Flint, show how the above transactions would be reflected in the following select accounts: DM Inventory, WIP Inventory, FG Inventory, and MOH Control. FGInventory
Answers
The total production cost per unit will be $715. Flint Corporation is starting a new style of jacket and is monitoring the costs of its first production run.
The costs and transactions associated with this jacket are given as follows.
1. Fabric purchased on account costing $360:
Material Cost= $360
DM Inventory= $3602.
Transferred $290 of fabric into production:
DM Inventory= $290
WIP Inventory= $2903.
Accrued DL cost of $190 associated with 10 DL hours:
DL Cost= $190
WIP Inventory= $1904.
Recorded actual MOH costs of $165 (including accrued liabilities of $100 and factory-related depreciation of $65):
MOH Cost= $165
MOH Control= $100
Depreciation Expense= $65
Accumulated Depreciation—Factory= $65 (Depreciation expenses are accumulated on the balance sheet, reducing the fixed assets' value by the depreciation amount.)
5. Applied MOH costs using a budgeted MOH rate of $12 per DL hour:
MOH Cost Applied= $120
WIP Inventory= $1206.
Recognized cost of goods completed of $440:
FG Inventory= $440
WIP Inventory= $440
Note: Total Production Cost = Total DM Cost + Total DL Cost + Total MOH Cost
Total Production Cost= $360 + $190 + $165
= $715
The company's inventory accounts will show the following at the end of the period:
DM Inventory = $70
WIP Inventory = $0
FG Inventory = $440
Total production cost per unit= ($715 ÷ 1)
= $715.
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Nonprofit organizations face __________ regulations when compared to the requirements of for-profit businesses.
A.
less
B.
more
C.
similar
D.
flexible
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
b more
Explanation:
because non profits receive better benefits from the government so they have to follow stricter regulations
Answer:
B: more
Explanation:
got it right on edg 2021
You invested $11,000 in two accounts paying 5% and 8% annual interest. The total interest earned for the year was $730.
If x represents the amount invested at 5% annual interest, write expression for the amount invested at 8% annual interest. ( 2 points)
Write an equation in x that models the conditions. ( 3 points)
Solve the equation to find how much was invested at each rate. ( 3 points)
Answers
Let's assume that x represents the amount invested at 5% annual interest. Since the total amount invested is $11,000, the amount invested at 8% annual interest can be represented as (11,000 - x).
The interest earned from the 5% account can be calculated as 0.05x, and the interest earned from the 8% account can be calculated as 0.08(11,000 - x).
The total interest earned for the year is given as $730. Therefore, we can write the equation:
0.05x + 0.08(11,000 - x) = 730
To solve this equation, we can distribute 0.08 to both terms within the parentheses:
0.05x + 0.08 * 11,000 - 0.08x = 730
Simplifying further, we get:
0.05x + 880 - 0.08x = 730
Combining like terms, we have:
-0.03x + 880 = 730
To isolate x, we subtract 880 from both sides:
-0.03x = 730 - 880
Simplifying the right side:
-0.03x = -150
Finally, we divide both sides by -0.03 to solve for x:
x = -150 / -0.03
x = 5000
Therefore, the amount invested at 5% annual interest is $5,000, and the amount invested at 8% annual interest is (11,000 - 5,000) = $6,000.
In summary, $5,000 was invested at 5% annual interest, and $6,000 was invested at 8% annual interest.
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Which of the following is included in M1?
a. gold
b. checkable deposits
c. stock
d. credit cards
e. money market mutual funds
Answers
Answer:
B: checkable deposits
Explanation:
Checkable deposits
What is one of the key goals of unions?
A: to encourage more workers to form unions
B: to ensure that employers heed environmental laws
C: to get wage increases for their members
D: to engage in featherbedding
Answers
Answer:
l think to encourage more workers to form unions
Explanation:
please follow me
Answer: C
Explanation:
if everything else is held constant, what will cause earnings per share to increase?
Answers
Increasing net income or reducing the number of outstanding shares will cause earnings per share to increase.
When net income increases, the company has more money available to distribute to shareholders. Since earnings per share is calculated by dividing net income by the number of outstanding shares, an increase in net income will cause earnings per share to increase as well.
Similarly, if the number of outstanding shares is reduced (e.g. through share buybacks), the same net income is now spread over a smaller number of shares, causing the earnings per share to increase.
It's important to note that other factors, such as changes in dividends or dilution from new share issuances, can also impact earnings per share. However, holding all else constant, an increase in net income or a decrease in outstanding shares will result in an increase in earnings per share.
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how can you effectively deal with rude or inconsiderate customers
Answers
Dealing with rude or inconsiderate customers can be challenging, but there are a few strategies you can use to handle the situation effectively:
Stay calm and professional: When faced with a difficult customer, it's important to remain calm and professional in your interactions. Don't let their behavior get under your skin.
Listen actively: Listen carefully to what the customer is saying, even if they're being rude or aggressive. This shows that you value their input and are willing to work towards a solution.
Empathize with the customer: Show empathy by acknowledging the customer's frustration and apologizing for any inconvenience they may have experienced.
Offer a solution: Work with the customer to find a solution to their problem. If necessary, involve a manager or another team member to help come up with a resolution that satisfies both parties.
Know when to walk away: In some cases, it may be necessary to disengage from an interaction with a rude or abusive customer. If things become too heated or if the customer is making unreasonable demands, politely end the conversation and seek assistance from a supervisor or colleague.
Remember, dealing with difficult customers can be tough, but with patience, empathy, and a willingness to find a solution, you can turn a negative experience into a positive one.
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How to do this question plz answer me
Answers
Answer: See explanation
Explanation:
Business activities simply refers to the activities that are done in order to provide goods and services for the consumers and also generate profit.
1. The purpose of business activity is:.
To provide goods.
2. An entrepreneur might find setting up a business rewarding as he or she is in control and that may give the person a level of satisfaction. Also, the entrepreneur makes profit which is rewarding as well.
3. Building a good brand image gives credibility to the company and also brings about customer loyalty. Customers want to be associated with good brands. This can also help drive sales and revenue.
by which distribution system is more than 90 percent of u.s. coal shipped? railroads trucks waterways pipelines none of these
Answers
Railroads distribution system is more than 90 percent of u.s. coal shipped.
Rail transport is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles are directionally guided by the tracks on which they run.
Where is coal shipped from in the US?Exports from Norfolk, which ships more coal abroad than any other U.S. port, increased 5.8% year over year and jumped 6.4% compared to the first quarter. The ports in Buffalo, N.Y., and Cleveland booked significant increases quarter over quarter, soaring 254.6% and 419.3%, respectively.
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What does the business entity principle primarily prevent?
Answers
Answer:
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses. Doing so requires the use of separate accounting records for the organization that completely exclude the assets and liabilities of any other entity or the owner.
Answer:
The business entity principle states that the business and its owner are two separate entities in the eyes of the law. Therefore, their respective investments, withdrawals, income, expenses, profits, and losses should also go into separate accounts. The business accounts should never include the owner’s personal transactions because this might lead to ambiguous accounting information. Thus, the business entity principle primarily prevents a distorted view of the financial condition of the business. It helps in getting a clear understanding of how well the business is actually doing.
Explanation:
sample response given when you check your work
in order for an it project to achieve its required objectives and meet quality expectations, what three boundaries should it operate within?
Answers
To ensure an IT project achieves its required objectives and meets quality expectations, it should operate within three key boundaries: scope, time, and budget. These boundaries help to maintain project focus, allocate resources effectively, and deliver high-quality results.
In order for an IT project to achieve its required objectives and meet quality expectations, it should operate within the boundaries of time, budget, and scope. These three factors are critical to ensuring that the project is completed on time, within budget, and meets the desired quality standards. By carefully managing these boundaries, project managers can ensure that the project is completed successfully and meets the expectations of all stakeholders involved. Additionally, effective communication and collaboration between all team members is crucial to maintaining these boundaries throughout the project lifecycle.
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What does a risk mean in regard to investments?
A. Uncertain outcomes
B. Certain outcomes
C. High rate of return
D. Low rate of return
E. Both A and C
regard to investments?
F. Both B and D
Answers
Every investment-related uncertainty that has the potential to have a negative influence on your financial well-being is referred to be a risk.
What are risk mean in regard to investments?
It is the possibility of losing the money invested if the security's fair price drops. Higher returns are offered by riskier securities. Market risk is a major component of the risk, but it is not the only one. Other risk categories include inflation risk, reinvestment risk, and credit risk, among others. For instance, market circumstances might influence the value of your investment to increase or decrease (market risk).
Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are just a few of the categories into which risks may be divided. One of the risk categories with the highest priority for every firm is financial risk. Financial risk is a result of market fluctuations, which may be influenced by a variety of causes.
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choose the statement that is incorrect regarding a loss that is generated from the disposal or sale of assets for individuals?
Answers
The statement that is incorrect regarding a loss that is generated from the disposal or sale of assets for individuals is that the loss cannot be carried forward or backward to offset gains in other years.(a)
The loss from the disposal or sale of assets for individuals is a capital loss and it can be used to offset capital gains from other years. (a)
It can be used to reduce taxable income up to $3,000 for each year, and any excess losses can be carried forward to offset capital gains in future years.
It is important to understand that capital losses cannot be used to offset ordinary income or wages.
Furthermore, losses can be used to offset gains in previous years, but this would require filing an amended tax return.
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complete question:
Choose the statement that is incorrect regarding a loss that is generated from the disposal or sale of assets for individuals.
a. loss cannot be carried forward or backward to offset gains in other years
b. Losses from capital assets are deductible against gains from capital assets
c. Losses from personal use assets are deductible for AGI
d. Losses from business assets are deductible for AGI
how to work out opening balance?
Answers
Answer:
...
Explanation:
Answer:
Opening Balance (what you have in bank at the start) plus Total Income (what money comes in) minus Total Expenses (what money goes out) equals Closing Balance (what money you have left). The Opening Balance is the amount of cash at the beginning of the month (1st day of month).
if you are filing single using the standard deduction of $12,500 and have no adjustments, itemized deductions, or tax credits.
Answers
If you are filing single using the $12,500 standard deduction and have no adjustments, itemized deductions or tax credits, your annual taxable income will be determined by subtracting the $12,500 standard deduction from your total income.
What would your tax rate look like?Assuming your total annual income is $40,000, your taxable income will be your total income minus the standard deduction, in which case it would be:
$40,000 - $12,500 = $27,500.Therefore, despite the calculation, your annual tax rate will be directly influenced by the tax ranges defined by the government in that period.
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why are the characteristics of risk taking, resilience, and intrinsic motivation more important for entreprenuers than other businesspeople?
Answers
The entrepreneur lives described as someone who controls the capability and desire to establish, administer and advance in a startup venture along with the risk entitled to it, to create profits. The best example of entrepreneurship exists in the starting of a new business venture.
Who is an Entrepreneur?
An entrepreneur exists as an individual who bears the risk to start their own business founded on an idea they maintain or a product they have made while assuming most of the risks and reaping most of the bonuses of the business.
Risk-taking enables and promotes innovation, which can be an essential product/service differentiator. Failed risks aren't permanently negative. Sometimes, they furnish the most valuable business lessons an entrepreneur can understand. Failure allows to shape future business approaches and can eventually lead to business growth.
The challenge entrepreneurs face exists not only in having these characteristics but remaining open-minded and optimistic when periods obtain tough in business. This is why resilience exists so necessary. “Resilience is a skill set that helps you navigate negative experiences,” Josephine explains.
Intrinsic motivation exists described as the doing of an activity for its inherent satisfaction rather than for some detachable consequence. When intrinsically motivated, an individual is driven to act for the fun or challenge entailed rather than because of external products, pressures, or rewards.
Being able to create decisions quickly exists an essential characteristic for entrepreneurs because it can be the contrast between success and failure. Entrepreneurs are not only required to have good decision-making skills but also must include the capacity to make those judgments quickly in order to avoid missing opportunities.
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FOOD SAFETY AND SANITATION
_____ is a global, independent safety science company offering expertise across five key strategic businesses: Product Safety, Environment, Life & Health, Knowledge Services and Verification Services.
A. National Environment Health Association
B. National Restaurant Association Education Foundation
C. Underwriters Laboratories Inc.
D. The National Restaurant Association
Answers
Underwriters Laboratories Inc. is a global, independent safety science company offering expertise across five key strategic businesses: Product Safety, Environment, Life & Health, Knowledge Services and Verification Services.
What is Underwriters Laboratories Inc.?Underwriters Laboratories Inc. (UL) is a global, independent safety science company that offers expertise across five key strategic businesses: Product Safety, Environment, Life & Health, Knowledge Services, and Verification Services. UL is committed to advancing safe living and working environments for people through the application of science, engineering, and research to solve the world's growing safety and sustainability challenges.
UL provides testing, inspection, certification, and advisory services to help businesses and consumers make informed decisions that protect people, products, and the environment. UL's services cover a wide range of industries, including electronics, appliances, lighting, building materials, food and beverage, healthcare and life sciences, energy and utilities, and more.
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