In: Operations Management
answer each question in one paragraph ( 4 sentences )
1- What is a skills profile and what is it used for?
2- Describe the purpose of the income statement, the balance sheet, and the statement of cash flows.
3- What is SCORE? What is its role in helping a firm fill out its new venture team?
1) Skill profile is a chart or highlighter that show the important skills.which are needed in our daily life and also tells that where is the skill gap exist.It is used to describe the skills like- In the organization it is used to show the employees essential skills in various occupation.It is vary helpful for the hiring managers.
2) The most important purpose of the income statement is to provide the information about the financial earning statement with in a specific period of time. The Balance sheet help the organization to analyze there financial status of there business for a specific period of time.The main purpose of the statement of cash flow is that it give the information about the cash payment and cash receipt.
3) SCORE is a American non profit organization partner with the U.S. small business administration.which help the small business to provide the expert mentor and educating the various firms and new venture to get there business successful.It have 10,000+ volunteers experts.who help the firms and startups to do there business successfully across the country.