What could be some ramification of waiting to observe actual cost?

What could be some ramification of waiting to observe actual cost?

Solutions

Expert Solution

Ramifications of waiting to observe the actual cost are as follows-

A. The company can be suffering huge losses in case of adverse economic cycle because they will not have an estimation of the changing cycle of the economy and cost of the overall business will be going up and it will impact negatively.

B. The company will be losing out on many prospective projects and it will not be preparing in advance and it will not be able to maximize upon its opportunities because it does not use the predictive analysis in its business.

C. it will also lose a significant chunk of its human capital if it does not adjust to the changing environment and it is not able to predict the changes in choices of individual employees and the cost of business will be going up due to inclusion of new employees.

D. It will be not using budgetary analysis approach in its overall business and it will stick to traditional management of business which can lead to risks related to existence

E. the business will not be able to maximize upon its core competitiveness and it will not be able to gain additional portion of the market share.

jeff jeffy answered 2 years ago

Next > < Previous

Related Solutions

Think of some discrete random variable you observe on a regular basis. For example, it could...

Think of some discrete random variable you observe on a regular basis. For example, it could be the (rounded) number of hours you sleep, how many gallons of gas are in your car when you get into it, how many boxes of cereal are in your house, how many days between grocery shopping, etc. (just make sure it takes only integer values). Try to list all of the possible values that this discrete random variable can take. If you can,...

what are some elements that could be recommended for the hiring process and what could be...

what are some elements that could be recommended for the hiring process and what could be the legal concerns that should be considered for these elements

A statistics professor is at a supermarket waiting in line to buy some groceries. While waiting...

A statistics professor is at a supermarket waiting in line to buy some groceries. While waiting for the line to move he listened to several people complaining about the long delays. From the different conversions going on he quickly gathers some inform and estimates from the large sample that the mean waiting time is about 12 minutes. He then estimates the population standard deviation to be 1.5 minutes. 1. (a) Explain in detail using full sentences how he should go...

A statistics professor is at a supermarket waiting in line to buy some groceries. While waiting...

Give an example of a situation in which the waiting time cost is based on waiting...

Give an example of a situation in which the waiting time cost is based on waiting time in the queue. Give an example of a situation in which the waiting time cost is based on waiting time in the system. What are the components of the following systems–a barbershop and a carwash? Draw and explain the configuration of each. (Classify as follows: i.barbershop and ii. car wash.)

actual sales : 8500 unit variable cost actual $ 188.800 fixed cost actual $ 71.200 sales...

actual sales : 8500 unit variable cost actual $ 188.800 fixed cost actual $ 71.200 sales price $ 31,00 sales budget : 9000 unit. Variable cost standar perunit $ 21,8 Fixed cost budget $ 70.000 Questions 1. Static budget variances. 2. Sales activity variances. 3. Using a flexible budget at the actual activity level, calculate the contribution margin budget, the profit budget, and the flexible budget variant.

What is the actual cost per unit produced and what is the primary cause of the...

What is the actual cost per unit produced and what is the primary cause of the difference between actual cost per unit produced in the framing department and the standard price per frame? (Volume Variance, Efficiency Variance or Price Variance) Should the framing department be held responsible for the poor performance of the framing division? Explain Why or why not? Use the scenario below to help with the questions: DeFleur manufactures bicycles. The bicycles are manufactured in two divisions. In...

In cost Accounting if Budgeted cost is less than Actual cost what it called over costed...

In cost Accounting if Budgeted cost is less than Actual cost what it called over costed or under cost? what is differents between current method and Activity based method

What demographic differences between species might account for some of the differences we observe at the...

What demographic differences between species might account for some of the differences we observe at the level of the whole genome when comparing viral, bacterial, and eukaryotic genomes?

What is the actual difference between linear combinations and Span , could you perhaps give me...

What is the actual difference between linear combinations and Span , could you perhaps give me a definition that can help me easily see the difference , maybe provide a visual aid too. Explanations of any other 'tricky' definitions in linear algebra would be of great help too and highly appreciated! Thank you in advance.

Subjects