Explore BrainMass
Share

A company invests considerable time and money to develop sop

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

A company invests considerable time and money to develop sophisticated cost functions that rate high on all evaluative criteria. In the course of using the cost functions, a manager notes that in several instances the actual costs were different from the predicted costs, resulting in lower profits during one quarter of the year. The question of the value of the cost function is asked. Give some suggestions on how to answer the manager.

© BrainMass Inc. brainmass.com October 17, 2018, 3:19 am ad1c9bdddf
https://brainmass.com/business/the-time-value-of-money/a-company-invests-considerable-time-and-money-to-develop-sop-417463

Solution Preview

A company invests considerable time and money to develop sophisticated cost functions that rate high on all evaluative criteria. In the course of using the cost functions, a manager notes that in several instances the actual costs were different from the predicted costs, resulting in lower profits during one quarter of the year. The ...

Solution Summary

A company invests considerable time and money to develop sophisticated cost functions that rate high on all evaluative criteria. In the course of using the cost functions, a manager notes that in several instances the actual costs were different from the predicted costs, resulting in lower profits during one quarter of the year. The question of the value of the cost function is asked. Give some suggestions on how to answer the manager.

$2.19
Similar Posting

Total Quality Process

What steps should an organization take to implement a TQ process? I am looking for examples of ways to implementing a TQ process. Articles and extra research would be nice. Thank you.

View Full Posting Details