According to Percy Barnevik, CEO of ABB Asea Brown Boveri, as a global manager, you must think globally and act locally. For him, an organization must combine global scale and global technology while adapting to a local market.
What is an internationalization strategy?It is a process by which companies implement their business in another country, through various ways, such as exporting a product and setting up factories in a foreign country.
The objective of internationalization is to achieve competitive and profitable advantages in a new market.
Therefore, despite the risks of internationalization, according to Percy Barnevik, an organization must adapt to the market, legislation and preferences of local consumers, using its best resources to be well positioned globally.
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Kate is the owner of a small boutique business downtown. After looking over her business expenses and profits, she realizes that she needs to make cuts to her fixed expenses. What could she do with her fixed expenses?
In order to reduce her fixed costs, Kate would find a less expensive web designer for the store's website.
What is fixed cost?Fixed cost is a type of cost that remains constant regardless of the level of output. It does not vary with the level of output.
An example of fixed cost is the fees of a web designer. The fee would not change with the sales of the small boutique.
Here are the options to this question:
Kate would find a less expensive web designer for the store's website Kate would get bids for new business insurance providers.
Kate would look for cheaper merchandise for the store for higher profits.
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Omega Tire Co.'s perpetual inventory records indicate that $3,145,000 of merchandise
should be on hand on August 31. The physical inventory indicates that $3,113,500 of mer-
chandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for
Omega Tire Co. for the fiscal year ended August 31.
The adjusting journal entry for the inventory shrinkage for Omega Tire Co. for the fiscal year ended August 31 is as follows:
Adjusting Journal Entry:Debit Cost of Goods Sold $31,500
Credit Inventory $31,500
What is inventory shrinkage?Inventory shrinkage is a situation where the accounting records show that the value of ending inventory is more than its value based on the physical inventory count.
Inventory shrinkage is usually caused by any of the following factors:
Employee theftShopliftingAdministrative errorsVendor fraudProduct damage.Thus, inventory shrinkage increases the cost of goods sold.
Transaction Analysis:Inventory based on the perpetual inventory records = $3,145,000
Inventory based on the physical inventory count = $3,113,500
Difference (Shrinkage in inventory) = $31,500 ($3,145,000 - $3,113,500)
Cost of Goods Sold $31,500 Inventory $31,500
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Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $9 $306 15 Purchase 26 10 260 24 Purchase 40 11 440 Total 100 $1,006 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $Enter the Weighted-average unit cost in dollars eTextbook and Media Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 $Enter a dollar amount $Enter a dollar amount $Enter a dollar amount
Answer:
The average cost will be "$201". The further explanation is given below.
Explanation:
At May 31, FIFO LIFO Average cost
The ending inventory $220 $180 $201
Going to end Inventory Computation together under Quarterly inventory management system will be:
At $11 = $220
FIFO = 20 UnitsAt $9 = $180
LIFO = 20 Units Average Cost = 20 Units$10.06 = $201.2 i.e $201.
Total product begins to fall when Multiple Choice marginal product is maximized. average product is below zero. average product is negative. marginal product is zero.
It should be noted that total product begins to fall when D. marginal product is zero.
What is total product?It should be noted that total product simply means the total output that's made by the employees.
Total product begins to fall when the marginal product is zero. In this case, the total product has reached its maximum.
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Silver Company manufactures kites and has the following information available for the month of April:
Work in process, April 1
(100% complete for materials, 40% for conversion) 52,000 units
Direct materials $80,000
Conversion cost $110,000
Number of units started 158,000 units
April costs
Direct materials $226,000
Conversion cost $336,000
Work in process, April 30 (100% complete for materials, 20% for conversion) 80,000 units
Required:
Using the weighted-average method, complete each of the following steps:
a. Reconcile the number of physical units worked on during the period.
b. Calculate the number of equivalent units.
c. Calculate the cost per equivalent unit.
d. Reconcile total cost Of work process.
Answer:
Physical Units
beginning 52,000
Started 158,000
Total 210,000
Equivalent Units
Physical Materials Conversion
Transferred 130,000 130,000 130,000
Ending 80,000 80,000 16,000
Total 210,000 210,000 146,000
Cost per EU
Materials (80,000 + 226,000) / 210,000 = 1.45714
Conversion ( 110,000 + 336,000) / 146,000 = 3.054794
The total cost to be accounted for:
Materials 306,000
Conversion 446,000
Total cost 752,000
Cost accounted for
transferred 130,000 ( 1.457 + 3.0548) = 586,534
ending: 80,000 x 1.457 = 116,560.00
16,000 x 3.0548 = 48,876.80
Total ending WIP 165,436.80
Total Cost accounted for 751,970.8
There is a 30 dollars difference due to rounding.
Explanation:
(A)
we add up beginning with started
(B) The weighted average is transferred untis plus the complete portion of ending work in process
(C) We divide all cost among EU
(D) the beginnning cost of WIP plus the cost incurred should match the amount applied to trasnferred units and ending WIP
Cadott has the following estimates for the upcoming year:
Activity Cost Pool Activity Rate
Machine-hours $3.60 per machine-hour
Machine setups $260 per setup
Product testing $128 per test
Cost and activity information for two of Cadott’s products is as follows:
P34 W85
Direct materials $38,000 $34,250
Direct labor $23,000 $30,500
Machine-hours 1,560 1,260
Machine setups 31 86
Tests 56 56
Number of units produced during the year 10,000 25,000
Required:
Compute the unit product cost for product W85.
Answer:
$3.95
Explanation:
To compute the unit cost of product W85, we need to determine the total product cost for product W85
= $34,250 + $30,500 + [ 1,260 × 3.6] + [86 × 260] + [56 × 128]
= $64,750 + $4,536 + $22,360 + $7,168
= $98,814
Therefore, the unit product cost for product W85
= Total product cost for product W85/Units produced during the year for product W85
= $98,814/25,000
= $3.95
all corporate employees use social network analysis, whether it's done formally with the help of technology or informally. as a new employee in a corporate environment, what is the first step you should take to utilize the organizations social network
The first step that should be taken to utilize the organizations social network is to determine the company's goals and objectives.
What is social network?It should be noted that social network simply means the use of internet based platform to stay connected with others.
In this case, the step that should be taken to utilize the organizations social network is to determine the company's goals and objectives.
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When companies compete in a market economy, what is usually the result?
a)Consumers are able to buy goods for the best available price.
b)People pay much higher prices for goods.
c)There are frequent shortages of goods on the market.
d)Producers refuse to sell some of their products.
When companies compete in a market economy, consumers are able to buy goods for the best available price.
What is market economy?Market economy is a system of economy where supply and demand are involved in directing production.
These production includes goods and services and it is controlled by a central authority such as government agency.
Therefore, when companies compete in a market economy, consumers are able to buy goods for the best available price.
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Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally. After all the tangible assets have been adjusted to current market prices, the capital accounts of Cody Jenkins and Lacey Tanner have balances of $78,000 and $46,000, respectively. Valeria Solano has expertise with using the computer to prepare landscape designs, cost estimates, and renderings. Jenkins and Tanner deem these skills useful; thus, Solano is admitted to the partnership a 30% interest for a purchase price of $31,000.
Required:
a. Determine the recipient and amount of the partner bonus.
b. Provide the journal entry to admit Solano into the partnership.
c. Why would a bonus be paid in this situation?
Answer: See explanation
Explanation:
a. The bonus received by Solano will be:
Cody Jenkins, capital = $78,000
Lacey Tanner, capital = $46000
Solano’s contribution = $31,000
Total contribution:
= $78000 + $46000 + $31000
= $155000
Solano’s equity interest = 30%
Valeria Solano, capital:
= 30% × $155,000
= $46500
Since Solano’s contribution = $31,000, the bonus paid to Solano will be:
= $46500 - $31000
= $15500
b. Debit Cash $31,000
Debit Cody Jenkins, capital $7750
Debit Lacey Tanner, capital $7750
Credit Valeria Solano, capital $46500
c. The expertise that was offered by Salina was valued by Jenkins and Tanner. Solano can do landscape designs with the computer.
The skills she possesses will be of immense benefits to the partnership as it'll be useful to achieve the partnerships aims. This may bring about the payment of bonus for her skills.
Employers place high value on strategic thinking skills in new graduates. This activity is important because strategic thinking happens at every single level of the organization and will assuredly be an unwritten part of the description of any job that you do. The goal of this exercise is to test your knowledge of the four key activities for developing your ability to think strategically.
Read the descriptions of following activities for developing strategic thinking. Then, write the key activity for developing strategic thinking that its description best represents.
a. Rex is participating in a job rotation program at his new workplace which gives him the chance to get to know as many aspects of the company as possible.
b Tripp sets aside time for work-related reflection each week. He usually spends the time organizing his to-do list for the upcoming week.
c. Paz has been an attorney for ten years and decides she can stop attending annual continuing education seminars now that she knows everything there is to know about her job.
d. Melia often purposefully plays the devil's advocate during work meetings because she thinks it's important to help her team avoid potentially costly decisions.
Answer and Explanation:
strategic thinking activities are thought processes that are geared towards achieving the goals and vision of the organization
1. Understand the business: John's thought processes are geared towards understanding the business for the purpose of making valuable contribution as one of its employees
2. Set aside time to reflect :
3. Broaden. your task and functional knowledge.
4 Engage in lateral thinking.
5) Set aside time to reflect.
6) Broaden. your task and functional knowledge.
7) engage in lateral thinking.
8) Set aside time to reflect
Smyth Industries operated as a monopolist for the past several years, earning annual profits amounting to $50 million, which it could have maintained if Jones Incorporated did not enter the market. The result of this increased competition is lower prices and lower profits; Smyth Industries now earns $10 million annually. The managers of Smyth Industries are trying to devise a plan to drive Jones Incorporated out of the market so Smyth can regain its monopoly position (and profit). One of Smyth's managers suggests pricing its product 50 percent below marginal cost for exactly one year. The estimated impact of such a move is a loss of $1 billion. Ignoring antitrust concerns, answer the following question: If Smyth Industries engages in predatory pricing by slashing its price 50 percent below marginal cost, the present value of current and future profits is:
Answer:
First of all we need a discount rate, so I looked for similar questions and the discount rates went from 4% to 8%, so i decided to use 6%.
the company has 2 alternatives, keep operating in a competitive market or slash its prices to try to erase the competition.
the present value of the first alternative using the perpetuity formula = $10,000,000 / 0.06 = $166,666,667
the present value of the second alternative is:
PV of slashing costs = $1,000,000,000 / 1.06 = $943,396,226 + the present value of future net incomes
the present value of future net incomes = $50,000,000 / 0.06 = $833,333,333, but we must discount this number this terminal value applies to end of the current, not now: $833,333,333 / 1.06 = $786,163,552
the NPV of slashing prices = $786,163,552 - $943,396,226 = -$157,232,674, so it is definitely a very bad idea.
Suppose that every product in a grocery store contains a tiny transmitter, and that sensors on your shopping cart detect your selections in order to suggest additional purchases. When you leave the store, exit scanners total up your purchases and automatically charge them to your credit card. At home, readers track what goes into and out of your pantry, updating your shopping list when stocks run low.
Required:
What questions is LEAST relevant to the ethical evaluation of the technology described above?
Answer: Does the technology lower the cost of targeting the consumers who are likely to be interested in particular products?
Explanation:
Ethical evaluation simply refers to conducts and standards which helps in the promotion of honesty, and integrity when a business is engaging with the program owners.
In this scenario, the questions that is least relevant to the ethical evaluation of the technology described above is "does the technology lower the cost of targeting the consumers who are likely to be interested in particular products?
The ethical evaluation isn't discussed here but rather cost minimization is being discussed.
An article in Forbes noted that the Intercounty Connector toll road that connects two counties in Maryland was not generating
as much toll revenue as predicted. At that time, the toll rate was $8 for a passenger car making a round trip from end to end on
the tollway during rush hour.
What additional information would you need to know in order to determine if the toll should be increased or decreased?
A. The price elasticity of supply
B.The income elasticity of drivers using the tollway
C. The number of vehicles using the tollway per day
D.The price elasticity of demand
Answer:
The price elasticity of demand
Explanation:
you need to know how high the demand is for the toll road.
The additional information that would be needed in order to determine if the toll should be increased or decreased is the price elasticity of demand.
The price elasticity of demand is required in this case as it shows the change that affects the consumption of a product due to the fact that there was either an increase or a reduction in the price.In this case, since the toll road wasn't making as much toll revenue as predicted, then this could be because there was an increase in the price of the toll road.In such case, the additional information that's needed will be the price elasticity of demand.In conclusion, the correct option is D.
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A machine with a cost of $145,000 and accumulated depreciation of $100,000 is sold for $57,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
Troglodyte University uses activity-based costing to assign indirect costs to academic departments, using three activities. The activity base, budgeted activity cost, and estimated activity-base usage for each activity are identified as follows: Activity Activity Base Budgeted Activity Cost Activity-Base Usage Facilities Square feet $800,000 80,000 square feet Instruction Number of course sections 1,200,000 600 sections Student services Number of students 290,000 2,500 students The activity-base usage associated with the Archaeology and Geology departments is as follows: Department Facilities Instruction Student Services Archaeology 8,000 square feet 8 sections 150 students Geology 5,200 square feet 15 sections 200 students a. Determine the activity rate for each activity. Activity Activity Rate Facilities $ per sq. ft. Instruction $ per section Student services $ per student b. Determine the total activity cost for the Archaeology Department. Total activity cost $
Answer:
USD 113 400 total
Explanation
I)
Rate of Activity:
actRate = actBudget/actBase
instruction = USD 1 200 000/600 Sections .= USD 2000/section
facilites = USD 800000/80000 Sq.Ft = USD 10/sq.ft)
student services = USD 290 000/2500 Students = USD 116/student
II)
Total = student services (150 students x USD 116/student) + Instruction (8 sections x USD 2000/section) + Facilities (8000SqFt x USD 10/sq.ft) +=
80 000 + 16 000 + 17 400 = USD 113 400
Your organization is floral supply company with employees in the following jurisdictions Manitoba, Prince Edward Island ,Yukon The organization is planning to implement a company wide policy with respect to vacation leave.............
Answer:
help
Explanation:
plz
You've selected the product strategies for the shake, you need to decide on a pricing strategy. The meal replacement market is very crowded with competitors. Therefore, In Fine Fettle must consider the competition's prices when setting the price for its new product. A market analysis reveals that most ready-made meal replacement shakes sell for between $2 and $4 per shake. Keep your target market and product decisions in mind as you consider your pricing options.
a. Above-market: In Fine Fettle will offer its turmeric shake for $4.50 per shake, which is above the market average.
b. Below-market: In Fine Fettle will offer its turmeric shake for $1.50 per shake, which is below the market average.
c. At-market: In Fine Fettle will offer its turmeric shake for $3.00 per shake, which is at the market average.
Answer:
Throughout the interpretation category following the table, the specification of the statement is characterized.
Explanation:
Pricing techniques usually have included the 5 strategies options that follow:
Cost-plus pricing: Applying a mark-up while measuring prices. Competitive pricing: Premium depends on what's paid by the market. Value-based pricing: Consumer perception-based price. Price skimming: Setting as well as reducing a high price as when the economy progresses. Penetration pricing: Requiring a minimum price and increasing it later to reach a lucrative market.I advocate value-based pricing though it ensures a permanent competitive edge. The following approach was given by Eric Dolansky to conclude at a value-based amount.
Choose a commodity that is similar to yours and figure out what the consumer pays for it. Figure all the reasons your commodity is different from either the competing product. Put on all these discrepancies a relative benefit, apply something good about your brand as well as remove the disadvantages then reach up with a possible price. Make sure the profit is better than the expenses again for the consumer.
It's indeed important, furthermore, to present and inform clients about the nature of certain goods. You will then sell the item well above the average industry. It is important to maintain a marketing approach emphasizing the performance of the system on which consumers can pay discounts over the retail price. If the target consumer doesn't quite relate to this demand accordingly, then the commodity should be tailored to meet the consumer.
If you are paid $15 per $100 sold, what is your type of payment?
a. Commission
b. Salary
c. Wage
d. Pension
Please select the best answer from the choices provided
Answer:
a. Commission
Explanation:
The commission payment system is based on an employee's output, mostly sales achieved. The commission is usually a percentage of the total sales per stipulated time, say weekly, biweekly, or monthly. In the commission-based payment, the more output an employee has, the more money they earn.
The scenario in the case is commission based. For every $100 worth of sales, the payment is $15. The more the sales, the higher the earnings.
Answer:
Its A. commision
Explanation:
Average variable cost equals Group of answer choices average total cost minus average fixed cost. total variable cost divided by the change in output. price of the variable input times the quantity of the variable input.
Average variable cost equals:
average total cost minus average fixed cost. price of the variable input times the quantity of the variable input.What is average variable cost?Average variable cost is total variable cost divided by variable input. Variable input is the input that varies with the output. For example, labor is an example of a variable input.
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Average variable cost is equal to total variable cost divided by the change in output.
What is average variable cost?This is the total variable cost per unit of output. The average variable cost is the variable cost of a business divided by the output that the firm was able to produce.
It tells the producer about the variable cost amount for every unit of good that was produced.
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Johnson lives near Dollywood, a popular theme park in Tennessee. Johnson decides to begin a new money-making venture selling screen printed t-shirts from a booth just down the road from the theme park, to take advantage of the traffic that flows by on its way to the park. Johnson’s t-shirts, however, will not be Dollywood-themed t-shirts; they will be Johnson’s own creations. Johnson’s daughter Susan helps him in his new venture by manning the booth from time to time, but Johnson has total control over everything about the business—from ordering the t-shirts, paying the bills, pricing the t-shirts, paying the taxes on his sales, and receiving all the profits from the venture. Even though Johnson put no thought into what kind of business venture he was creating when he started his business, Johnson has effectively created a: ________
a. corporation
b. sole proprietorship
c. franchise
d. limited liability company
The business venture created by Johnson is effectively s sole proprietorship.
What is a sole proprietorship?A sole proprietorship is a type of business venture that is owned by a single individual. A sole proprietorship has an unlimited liability. This means that when the business is unable to meet its debt obligations, the properties of the sole proprietor can be used to settle the debt.
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What types of products have an energy-efficiency rating (EER)?
Answer:
The EER rating indicates how energy efficient an HVAC unit is. The higher the EER rating is, the more energy efficient the unit will be.Explanation:
To answer the next three questions, refer to the following example. In 2003, Porsche unveiled its new sports utility vehicle (SUV), the Cayenne. With a price tag of over $40,000, the Cayenne goes from zero to 62 mph in 8.5 seconds. Porsche’s decision to enter the SUV market was in response to the runaway success of other high-priced SUVs such as the Mercedes-Benz M class. Vehicles in this class had generated years of very high profits. The Cayenne certainly spiced up the market, and, in 2006, Porsche introduced the Cayenne Turbo S, which goes from zero to 60 mph in 4.8 seconds and has a top speed of 168 mph. The base price for the Cayenne Turbo in 2018?Almost $125,000
Answer:
The question is incomplete:
The analysts were concerned because not only was Porsche a late entry into the market, but also the introduction of the Cayenne might damage Porsche's reputation as a maker of high-performance automobile. In evaluating the Cayenne, would you consider the possible damage to Porsche's reputation as erosion?
In marketing, brand erosion means that customers will value the brand less and their perceived value will decrease. Luckily for Porsche, they did not listen to them. The Cayenne is by far Porsche's largest source of revenue and profits.
Porsche is a brand that most people associate with luxury sports car, and their most famous model, the 911, has barely been modified during the last 50 years. But as the SUV market increased in size, their profits profits started to shrink. Many Porsche purists despise Cayennes and Macans, but the fact is that they increased the total number of units sold way beyond anyone's expectations.
Nowadays, more people view Porsche as a luxury car manufacturer and more people want to buy their products. A small number of consumers felt disappointed, but a vast majority were pleased.
The question is about Porsche Cars and its updated versions
In 2003 Porsche unveiled a new Sports car with a mid size, this proved to be a new addition to the Porsche car series.
This car series was designed to accommodate more than 2 riders at a time and contains 5 doors. More than 10 versions have been introduced and almost all of them were successful.
An upgraded model was released in 2011 named second generation and Hybrid versions are also introduced which can really help saving the nature and being eco friendly model.
Porsche Cayenne S Diesel model have set a Guinness World Record by towing a 265 ton aircraft to a distance of 42 meters. It was an Air France Airbus A380.
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A regular guest requests his wife’s favorite dish a short while before the kitchens closing time. The chef informs the guest that the cook who usually makes it is not available. However, the actual reason is that making it would delay closing the kitchen. Which article of the code of ethics would this action breach?
A. abiding by the law
B. acting fairly
C. doing ones best
D. treating guests with respect
E. keeping confidence
Answer:
The answer is B. Acting Fairly. if you enter a restaurant before closing you have every right to get the food you order. a restaurant has to cook the food you request on the menu
Which of the following quotes from a new-product adopter would signal the need for a firm to counteract a psychological barrier?
The psychological barrier may become an obstacle for a company to run its operations effectively.
The correct answer to the given question is :
" But it might make fat"
What is Psychological Barrier?
This quote is a psychological barrier for a company's new product, because it already states that it may cause a person to become fat.
Usually people follow healthy diet and they avoid consuming such products which make them fat.
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During 2022 Swifty Corporation had sales on account of $561000, cash sales of $244000, and collections on account of $345000. In addition, they collected $6800 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable balance from the beginning of the year to the end of the year indicates a
As a result of these transactions the change in the accounts receivable balance from the beginning of the year to the end of the year indicates a:$216,000.
Change in account receivable balance
Using this formula
Change in account receivable=Sales onaccount-Collection on account
Let plug in the formula
Change in account receivable=$561000 - $345,000
Change in account receivable= $216,000
Inconclusion the change in the accounts receivable balance from the beginning of the year to the end of the year indicates a:$216,000.
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Mr. Adam Smith works as a senior executive for Corebiz Corp., a multinational company with subsidiaries in many Asian countries. The firm believes in implementing a marketing strategy that strongly resonates the essence of the local culture. The company relocates Mr. Smith to Beijing to handle its operations in China. A few months into his stay, Mr. Smith begins to learn the ways of life and appropriate behavior in China. When Mr. Smith was invited for tea by his colleagues, he observed people around him and learned the right way to tap his finger and fold a napkin. Mr. Smith learns that the Chinese revere their seniors and treat them with respect. They never question the decision of their seniors. Any show of disrespect, especially "name calling," is shunned upon by society; and the person found doing so, risks being ridiculed by everyone. The people seemed to have high cohesiveness in terms of ties as a community. Though these new ways seems to be inconvenient for Mr. Smith owing to the vast cultural difference between the United States and China, Mr. Smith thinks that it is worth all the trouble. Mr.Smith learns that the Chinese revere their elders and treat them with respect.Even when there is no kinship involved,an older person should never be addressed with his/her name.According to the CSV dimension,China is a culture high in _____.
s. individualism
b. collectivism
c. masculinity
d. power distance
e. long-term orientation
According to the CSV dimension, China is a culture high in b. collectivism.
What is the collectivist culture?The collectivist culture emphasizes the needs and goals of the group as a whole over the needs and desires of each individual.
The collectivist culture is the opposite of the individualist culture, where the primary needs, goals, and aspirations of the individuals supersede collective needs, goals, and aspirations.
For example, the Chinese are expected to subordinate their individual needs, goals, and aspirations to the requirements of the state.
Thus, according to the CSV dimension, China is a culture high in b. collectivism, not individualism, masculinity, power distance, or long-term orientation.
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A study was set up to look at whether there was a difference in the mean arterial blood pressure between two groups of volunteers, after 6 weeks of following one of two treatment programs. One group of volunteers were given an exercise regimen to follow for the 6 weeks and the other group were given the same exercise regimen with the addition of an experimental tablet. Which type of t-test should be used in this situation?
The independent samples t test is the test that has to be used ito check if there is a difference in the mean blood pressure of the two groups that are tested.
What is the independent sample t test?This is a test that is used to compare the mean that exists between two different independent groups.
The reason is to determine if there are statistical evidence to show that the means of the groups are statistically different.
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A customer, age 25, is looking to invest in securities with the objective of growth to protect against the effect of long term inflation on his portfolio's value. The customer believes that active asset management, along with its higher fees, is not worthwhile. Which recommendation is MOST suitable for this customer
Answer:
This customer is looking for long term growth, so common equities are an appropriate investment rather than long term bonds. Since the customer does not believe in active asset management, a passive approach is best - that is, an index fund that has very low ongoing fees.
Explanation:
hope this helps
What is institutional advertising focused on promoting?
A. Acompany
B. The Internet
C. A service
D. A good
Answer:
a. A company
Explanation:
that is the answer
The Dolly Llama Farm keeps an average of 50 of those funny creatures on hand and each consumes a pound of grain a day, 365 days per year. Grain costs $12 for a 50 pound bag and it costs the farm $10 to make a run to the feed store to pick up an order, regardless of order size. It takes the feed store four days to acquire, mix, and bag the special blend of grains necessary to make the feed the Dolly Llama Farm prefers. Storage costs for the feed runs 15% of the unit cost as the cost of money, loss due to critters, and spoilage all add up. The actual usage for grain depends on which llamas show up at feeding time, thus there is an average need for 50 pounds of grain each day with a standard deviation of five pounds. The farm is willing to tolerate a 5% chance of running out of feed before they can get some more hauled in. The llamas would prefer a 0% chance, but they don't get a vote. What reorder point achieves the farm's objectives using continuous review system?
Answer:
The right approach is "282 pounds".
Explanation:
The given values are:
Average consumption (d)
= 50 pounds a day
Lead time (L)
= 4 days
Standard deviation of lead time (sl)
= 1 day
Z value for 5% stock out risk will be:
⇒ [tex]NORMSINV(1-5 \ percent)[/tex]
⇒ [tex]1.645[/tex]
So,
Reorder point is:
⇒ [tex]d\times L + z\times d\times sl[/tex]
On substituting the values, we get
⇒ [tex]50\times 4 + 1.645\times 50\times 1[/tex]
⇒ [tex]282 \ pounds[/tex]