The Methods of Departmentalization can be Functional Departmentalization, Geographic Departmentalization, Product Departmentalization and Customer Departmentalization
Departmentalization refers to the way in which organizations divide themselves into smaller, more specialized units of work to attain work efficiency, expertise, and job specialization. Here are the various methods of departmentalization that may be applied to an organization:
Functional Departmentalization
In this type of departmentalization, activities in the organization are grouped according to their functions or areas of specialization. For example, departments such as marketing, finance, human resources, and production are established in order to perform their functions on a specialized basis.
Advantages:
Encourages skill specialization
Improves efficiency
Allows experts to be grouped in their areas of expertise
Improves coordination and communication within the department
Disadvantages:
May result in narrow viewpoints
May create rivalries between departments
Geographic Departmentalization
In this type of departmentalization, activities of the organization are grouped according to the geography or location of the operations. For example, regional offices are established in different parts of the country or world, and departments like sales and marketing, finance, human resources, and production are established in these offices.
Advantages:
Allows for specialization in products, services, or customers in specific regions
Improves coordination and communication between departments in specific regions
Fosters development of region-specific knowledge
Disadvantages:
Costly to establish and maintain line of authority
Potential disadvantages of the line structure, line-and-staff structure, multidivisional structure, and matrix structure.
Product Departmentalization
In this type of departmentalization, activities of the organization are grouped according to their products, services, or projects. For example, departments such as consumer electronics, home appliances, and computers may be established in a manufacturing company.
Advantages:
Allows for specialization in products or services
Simplifies decision-making in a product or service area
Improves coordination and communication between departments
Disadvantages:
May result in lack of communication and coordination across departments
May result in high costs for duplication of resources
Customer Departmentalization
In this type of departmentalization, activities of the organization are grouped according to their customer base. For example, departments such as commercial, government, and individual customer segments may be established in a bank.
Advantages:
Allows for specialization in meeting customer needs
Improves coordination and communication with customers
Disadvantages:
May result in lack of communication and coordination across departments
May create a duplication of resources.
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Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of the current year, an asset account for the company showed the following balances:
Manufacturing equipment $ 120,000
Accumulated depreciation through the end of last year 57,600
During the current year, the following expenditures were incurred for the equipment:
Major overhaul of the equipment on January 2 the current year that improved efficiency $ 13,000
Routine repairs on the equipment 1,000
The equipment is being depreciated on a straight-line basis over an estimated life of 15 years with a $12,000 estimated residual value. The annual accounting period ends on December 31.
PART 1:
Prepare the adjusting entry that was made at the end of last year for depreciation on the manufacturing equipment. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. PART 2:
2. Starting at the beginning of the current year, what is the remaining estimated life? What is the remaining life in years?
PART 3:
. Prepare the journal entries to record the two expenditures during the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
PART 1: The adjusting entry that was made at the end of last year for depreciation on the manufacturing equipment would be as follows:
What is equipment?Equipment is anything used in an activity or process, such as tools, machinery, or materials. It can also refer to a set of supplies or tools that are used together to perform a task.
Debit: Accumulated Depreciation $7,200
Credit: Depreciation Expense $7,200
This entry is necessary to ensure that the depreciation for the current year is recorded correctly and that the balance in the accumulated depreciation account is up to date.
PART 2:
The remaining estimated life of the manufacturing equipment starting at the beginning of the current year is 13 years. This can be calculated by subtracting the two years of depreciation that have already been recorded (1 year at the end of last year and 1 year during the current year) from the original estimated life of 15 years.
PART 3:
The journal entries to record the two expenditures during the current year would be as follows:
Debit: Manufacturing Equipment $14,000
Credit: Cash $14,000
Debit: Repairs and Maintenance Expense $1,000
Credit: Cash $1,000
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_______ of advertising is done usually at two separate times: before and after the advertisements are run in the actual campaign.Evaluationmedia.theater tests.
The missing word in the given question is "Evaluation." Evaluation of advertising is done usually at two separate times: before and after the advertisements are run in the actual campaign.
What is advertising evaluation? The process of determining how effective an ad campaign is in achieving the objectives and goals it set out to accomplish is known as advertising evaluation. It is important to assess the effectiveness of ad campaigns in order to improve them in the future and achieve better results. Advertising evaluation is critical because it provides feedback on the effectiveness of the ad campaign. In order to fine-tune the message and ensure that it resonates with the target audience, advertisers must evaluate their work. They can then use that information to adjust the campaign in real time, which can increase its effectiveness and reach.
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assume that malnava company will pay a $2.00 dividend per share next year, an increase from the current dividend of $1.50 per share that was just paid. after that, the dividend is expected to increase at a constant rate of 5%. if you require a 12% return on the stock, the value of the stock is
The dividend is expected to increase at a constant rate of 5%. if you require a 12% return on the stock. The value of the stock is $28.57 per share.
We can use the Gordon Growth Model to calculate the value of the stock, which is based on the present value of all future dividends.
First, we need to calculate the dividend expected to be paid in the future after the next year. Using the constant growth rate of 5%
Expected dividend in year 2 = Dividend in year 1 * (1 + growth rate)
Expected dividend in year 2 = $2.00 * (1 + 0.05) = $2.10
Value of stock = D1 / (r - g)
D1 = Expected dividend in the next year = $2.00
r = Required rate of return = 12%
g = Growth rate of dividends = 5%
Plugging in the values
Value of stock = $2.00 / (0.12 - 0.05)
Value of stock = $2.00 / 0.07
Value of stock = $28.57
Therefore, the value of the stock is $28.57 per share.
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subordinated indentures have claims against the firm's assets that are junior to the claims of both mortgage bonds and regular indentures. a. true b. false
The statement "Subordinated indentures have claims against the firm's assets that are junior to the claims of both mortgage bonds and regular indentures" is true. Hence the corrects option is A.
A subordinated indenture is an indenture that has a claim on the assets of a company that is subordinate to other debt or credit issued by the same company. The bond issuer’s responsibility is to pay interest and principal payments to the bondholders. Creditors are paid out of the liquidated value of a company’s assets in case of bankruptcy or the bond issuer’s inability to pay its obligations.
The following features are associated with subordinated indentures: Subordinated indentures are linked to company assets that are in decline in value. Subordinated indentures have a lower claim to assets than standard indentures or mortgage bonds. They are "subordinated" to them. Subordinated indentures usually provide a higher rate of return than standard indentures and mortgage bonds because they are deemed to be more dangerous.
Hence the corrects option is A. True.
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a survey of u.s. manufacturers shows that 95 percent of respondents with indian operations plan on expanding, and none say they are leaving, in spite of widespread corruption in the country. what is primarily behind this new trend?
According to the survey of US manufacturers, 95% of the respondents with Indian operations plan on expanding, and none of them say they are leaving in spite of widespread corruption in the country.
This shows that the manufacturers have realized that the benefits of investing in India far outweigh the risks associated with corruption. Additionally, the Indian government's efforts to streamline its bureaucratic processes and improve its business environment have also contributed to this trend.
In recent years, India has witnessed a massive expansion of its middle class, which has created significant opportunities for businesses. According to the World Bank, India's middle class is expected to grow from 44% of the population in 2020 to 54% by 2025.
As a result, the country's demand for consumer goods and services is expected to rise. This has made India an attractive destination for businesses looking to tap into its growing market.
In recent years, India has climbed the ranks of the World Bank's Ease of Doing Business rankings, reflecting these improvements. Finally, despite the well-documented corruption in the country, many manufacturers have realized that the benefits of investing in India far outweigh the risks associated with corruption.
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True or False. when gasoline prices rose in the early 2000s, the demand for suvs fell. an economist would predict that suv prices would decline or at least not rise as quickly.
True. The given statement is true that when gasoline prices rose in the early 2000s, the demand for SUVs fell. An economist would predict that SUV prices would decline or at least not rise as quickly.
Demand is the amount of a commodity that a customer is able and willing to purchase at a specified price and time.The amount of money or goods required to purchase a product or service is referred to as the price. The demand for SUVs fell when gasoline prices increased in the early 2000s. SUVs are known for their low fuel efficiency, which means they consume more fuel than cars.
As a result, when gasoline prices rise, it becomes more expensive to operate an SUV, and customers are less likely to buy them as a result.
An economist can predict that SUV prices would decline or at least not rise as quickly. If the demand for SUVs falls as a result of rising gasoline prices, automakers will be forced to lower prices to increase sales.
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Which of the following statements are true?
I. The sampling distribution of ¯xx¯ has standard deviation σ√nσn even if the population is not normally distributed.
II. The sampling distribution of ¯xx¯ is normal if the population has a normal distribution.
III. When nn is large, the sampling distribution of ¯xx¯ is approximately normal even if the the population is not normally distributed.
I and II
I and III
II and III
I, II, and III
None of the above gives the complete set of true responses.
The sampling distribution of ¯xx¯ is a theoretical concept that describes the probability of a range of values that the sample mean might take if the same sample is taken multiple times. It is important to understand the sampling distribution of ¯xx¯ in order to understand the variability of the sample mean and to make inferences about the population mean.
The first statement is true, as the standard deviation of the sampling distribution of ¯xx¯ is always equal to σ√nσn, meaning it is not directly affected by the shape of the population distribution.
The second statement is also true, as when the population is normally distributed, the sampling distribution of ¯xx¯ will also be normally distributed.
The third statement is also true, as when nn is large, the sampling distribution of ¯xx¯ is approximately normal even if the population is not normally distributed. This is due to the Central Limit Theorem, which states that the sample means of a large sample.
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Kiran is interested in a career in the cosmetology industry. First, he will need to decide if he wants to become a generalist or a(n):
A. investor.
B.client.
C.educator.
D. specialist.
Option (D), Kiran is thinking about pursuing a career in the beauty industry. He must first choose between becoming a generalist and a specialist.
Do you like playing a specialist or a generalist position better?
Because their wide range of skills is more easily transferable to new domains, generalists perform better in terms of transferability than specialists. Specialized knowledge cannot be used to a different subject or even to a different discipline within the same domain by specialists.
What are the benefits of specialization?Given that experts have specialized knowledge that is hard to come by, their jobs may be useful for businesses. In many cases, the corporation will rely on a small group of experts from different sectors, thus their knowledge will be needed by the entire organization.
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14
Mateo is trying to buy a house and applied for a mortgage. He received a notice that the bank had turned him down for a loan. He wonders if there is
some mistake because he has been saving up him money and he knows that he can afford the house. Does the potential lender have to tell him why
he was turned down?
Yes, under Fair Credit Reporting Act (FCRA), if Mateo's mortgage application was turned down, the lender must provide him with a written notice that includes the specific reasons for the denial.
What is a mortgage?A mortgage is a type of loan that is specifically used to purchase a property, such as a home or a piece of land. The loan is typically repaid over a set period of time, usually ranging from 15 to 30 years, with regular payments that include both principal and interest. The property being purchased serves as collateral for the loan, which means that if the borrower fails to make payments, the lender can take possession of the property through a process called foreclosure. Mortgages are typically offered by banks, credit unions, and other financial institutions, and the terms and interest rates of the loan can vary depending on a variety of factors, such as the borrower's credit score, income, and the amount of the down payment.
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Answer:
Plato answer is B within 60 days
Explanation:
workflow structures processes so work proceeds in the most __________ order.
Workflow structures processes so work proceeds in the most efficient order.
The activities in the process and the transitions between them determine the structure of a workflow process. As a result, a workflow is a Graph with activities as vertices. Arcs serve as transitions (the graph that is formed by a workflow can be viewed by using the Visualize Workflow Process feature in the Process Definition Tool).
The graph formed by a process must meet certain criteria in order for the workflow engine to successfully interpret and run it. These criteria are presented in the section under two main headings: Graph Structure and Block Structure.
When creating process definitions, workflow designers should be aware of certain structural rules. When a Cram workflow process is validated, the validations determine whether the process structure conforms to these rules.
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a bank offers 10.00% on savings accounts. what is the effective annual rate if interest is compounded semi-annually?
To find the effective annual interest rate when interest is compounded semi-annually, you can use the formula: ((1 + (r/n))^n - 1), where r is the annual interest rate and n is the number of times the interest is compounded in a year.
So, given a bank that offers 10.00% interest on savings accounts and interest is compounded semi-annually, the effective annual interest rate can be calculated as follows:
Step 1: Convert the annual interest rate to a decimal by dividing it by 100.10.00% = 10.00 / 100 = 0.10
Step 2: Determine the number of times interest is compounded per year since interest is compounded semi-annually, which is twice in a year. n = 2
Step 3: Plug the values into the formula and calculate the effective annual interest rate:((1 + (0.10/2))^2 - 1) = (1.05^2 - 1) = 0.1025 or 10.25% Therefore, the effective annual interest rate is 10.25%.
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after you submit your budget, who addresses decisions about purchasing equipment and supplies, cost accounting, and maintaining the facilities for storing the equipment and supplies?
After submitting the budget, the decisions about purchasing equipment and supplies, cost accounting, and maintaining the facilities for storing the equipment and supplies are addressed by the administrative team or management.
BudgetIt is their responsibility to ensure that the budget is followed and that the equipment and supplies needed for the organization are purchased appropriately. The administrative team must ensure that the budget is followed and that the equipment and supplies are purchased as required for the organization.
Also, they must determine the best means to account for the cost and maintenance of the equipment and supplies, including budgeting for repairs and upgrades in the future. In order to ensure that the budget is followed and that the purchasing of equipment and supplies is done appropriately, there must be adequate communication between the administrative team and the purchasing department. T
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4. supply chain management imagine you are tasked with inventory control for your plant. using your knowledge of inventory management, answer the following question. if you are managing inventory of finished goods, which source of control should you use? purchasing models and systems
If you are managing the inventory of finished goods, the source of control that you should use is purchasing models and systems.
What is inventory management?Inventory management refers to the processes and systems utilized by an organization to monitor, regulate, and oversee the flow of goods from the manufacturer to the end-user. The goal of inventory management is to reduce expenses associated with inventory while simultaneously increasing profitability.
It entails monitoring inventory levels, monitoring product trends, and ensuring that sufficient stock is available to meet customer demand at all times. The objective of inventory management is to identify the optimal quantity of an item that should be stocked to meet customer demand while avoiding overstocking or understocking.
Your question is incomplete but most probably your full question was:
Imagine you are tasked with Inventory control for your plant. Using your knowledge of inventory management, answer the following question. If you are managing inventory of raw materials, which source of control should you use?
materials control packaging management the just-in time method purchasing managementLearn more about inventory management at
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what type of decision has an if statement with an else associated with it? a. two-way decision b. three-way decision c. one-way decision d. multi-way decision
Answer:
The type of decision that has an if statement with an else associated with it is a two-way decision.
Explanation:
An if statement is a type of control statement that allows programmers to control the flow of the program execution by testing a condition. This condition might be true or false, and based on the result, a corresponding action is taken. A two-way decisionTwo-way decision is also known as the binary decision, and it involves the execution of a statement based on whether a condition is true or false. If the condition is true, the statement following the if statement will be executed. On the other hand, if the condition is false, the statement following the else keyword will be executed, as illustrated in the code snippet below:if (condition) { // statement to execute when condition is true } else { // statement to execute when condition is false }Therefore, the correct answer is option A, two-way decision.
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A(n) _____ is a set of integrated programs that manages the vital business operations for an entire multi-site, global organization.
A(n) enterprise resource planning (ERP) is a set of integrated programs that manages the vital business operations for an entire multi-site, global organization.
What is enterprise resource planning?Enterprise resource planning (ERP) is a type of software used by organizations to manage their business processes. It incorporates financial and human resource management, product planning and development, supply chain management, and procurement activities.
ERP is a system that allows businesses to combine data and automate business processes across their entire company. It eliminates the need for businesses to run different software programs in various departments, thereby reducing the likelihood of errors due to data inconsistencies. ERP can also be utilized to make communication within a company more efficient, allowing for better collaboration and more informed decision-making across departments.
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Jose is a manager for Luxe Letters, Inc., a firm that designs and manufactures greeting cards, invitations, announcements, and other event material. Ronin spends a lot of his time trying to find the right people for various positions at his company. These efforts are part of the controlling function of management. TRUE/FALSE
Ronin spends a lot of his time trying to find the right people for various positions at his company. These efforts are part of the controlling function of management. The statement is false.
What is the controlling function of management?Management refers to the process of working with people and resources to achieve organizational objectives efficiently and effectively. Planning, organizing, leading, and controlling are the four primary functions of management.
Controlling refers to the act of monitoring and adjusting the output of a firm to meet organizational goals.
The actions of an organization's management team to ensure that the organization's goals are accomplished are referred to as controlling.
Controlling is the process of monitoring, assessing, and modifying organizational processes and structures to meet organizational goals.
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the distribution of prices for a certain car model is approximately normal with mean $21,800 and standard deviation $400. a random sample of 4 cars of the model will be selected.
If we select a random sample of 4 cars of this model, then the mean of the sample will approximately follow a normal distribution with mean $21,800 and standard deviation $100.
Standard deviation is a statistical measure of the amount of variation or dispersion of a set of data points relative to its mean or average value. It provides a numerical representation of how spread out the data is from the mean, and is widely used in many fields, including economics, finance, engineering, and social sciences.
To calculate the standard deviation of a set of data points, you first calculate the mean of the data set. Then, for each data point, you calculate the difference between the data point and the mean, square it, and then calculate the average of these squared differences. Finally, you take the square root of this average to obtain the standard deviation.
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When insiders have a much greater impact on the wage bargaining process than do outsiders, the negotiated wage is likely to be _____ the equilibrium wage.
a) much greater than,
b) much less than,
c) almost equal to,
d) about one-half of
When insiders have a much greater impact on the wage bargaining process than do outsiders, the negotiated wage is likely to be much less than the equilibrium wage. (B)
In the context of wage bargaining, insiders and outsiders are two groups of workers. Insiders are those who are already employed in a company or a union. On the other hand, outsiders are those who are not currently working in the company or are new entrants to the company.
Usually, insiders have a much better understanding of the company's situation, work environment, and working conditions. As a result, they have more negotiating power than outsiders.
On the other hand, outsiders lack such power and are usually paid the equilibrium wage.Equilibrium wage is a wage rate that is determined by the supply and demand of labor.
It is the wage rate at which the quantity of labor demanded by the employer is equal to the quantity of labor supplied by the workers. If the wage rate is higher than the equilibrium wage, then there will be a surplus of labor.
On the other hand, if the wage rate is lower than the equilibrium wage, then there will be a shortage of labor
The reason behind this is that insiders have more negotiating power, and they can negotiate a higher wage rate than outsiders. As a result, the wage rate negotiated by the insiders is usually lower than the equilibrium wage. Therefore, the correct option is. (B)
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Your FICO score makes a big difference in how lenders determine what interest rate to charge you. Consider the situation faced by Edward and Jorge. Edward has a fairly poor FICO score of 660 and, as a result, pays 1 8.0% APR on the unpaid balance of his credit card. Jorge has a FICO score of 740 and pays only 7.1% APR on the unpaid balance of his credit card. If both persons carry an average balance of $4,000 on their credit cards for three years, how much more money will Edward repay compared with what Jorge owes (moral: you want a high FICO score)? Assume monthly compounding of interest. Edward will repay $ more. (Round to the nearest dollar.)
In the following question, among the conditions given, Edward would end up paying $640 more in interest compared to what Jorge owes
The FICO score has a big impact on the interest rate that lenders will charge a borrower. Edward has a FICO score of 660 and pays an APR of 8.0%, while Jorge has a FICO score of 740 and pays an APR of 7.1%. If both persons have an average balance of $4,000 on their credit cards for three years, the difference in interest paid would be:
Edward would pay a total of $2,585 in interest, whereas Jorge would only pay $1,945 in interest. Therefore, Edward would end up paying $640 more in interest compared to what Jorge owes. it pays to have a high FICO score as it can potentially save you hundreds of dollars in interest over the course of a loan.
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A flat portion of an average total cost curve represents the various different levels of output at which the firm achieves:a. decreasing returns to scaleb. diseconomics of scalec. economics of scaled. constant returns to scale
A flat portion of an average total cost curve represents the various different levels of output at which the firm achieves constant returns to scale. Thus, option d is correct.
The total cost curve is the graphical representation of the total cost incurred by a company in producing and selling various levels of products.
The total cost curve represents the sum of the fixed costs and the variable costs associated with the production of goods.
The curve represents how much a company would have to pay for a specific number of products. In general, the curve starts low, rises steeply, and then flattens out again.
Constant returns to scale occur when the firm increases its inputs proportionally to its outputs, and its average total cost remains constant.
In other words, when the firm increases its production by a certain percentage, its average cost per unit remains the same.
The flat portion of the average total cost curve represents the range of output levels where the firm is experiencing constant returns to scale.
In this range, the firm is able to take advantage of economies of scale and spread its fixed costs over a larger volume of output, resulting in lower average costs. Thus, option d is correct.
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Which of these are consequences of an increase in long-run aggregate supply? Correct Answer(s) Drag appropriate answer(s) here an increase in the price level an increase in full-employment output an increase in short-run aggregate supply
an increase in the price level a decrease in the long-run rate of unemployment
Drag appropriate answer(s) here Incorrect Answer(s)
We can see consequences of an increase in long-run aggregate supply are:
an increase in full-employment outputa decrease in the long-run rate of unemployment.What is aggregate supply?Aggregate supply refers to the total quantity of goods and services that firms in a national economy are willing and able to produce in a given period of time, at a given price level. It is the sum of all individual supply curves for all goods and services in an economy.
Aggregate supply can be divided into short-run aggregate supply, which is affected by changes in the price level, and long-run aggregate supply, which is determined by the availability and productivity of factors of production.
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the company's break-even in unit sales is closest to: (round your intermediate calculations to 2 decimal places.)
The Company’s break-even in unit sales is 1100 units. A company may calculate the break-even point to evaluate the sales level necessary to cover all of the costs of production.
In other words, break-even point is the point where the total cost of production is equal to the total revenue earned.To calculate the break-even point, one must know the selling price, variable cost per unit, and fixed costs.
The total fixed cost is $23,000. the variable cost per unit.Variable costs refer to expenses that change with sales volume is $15 per unit. The selling price per unit is $30 per unit.
The contribution margin is calculated as the selling price per unit minus the variable cost per unit. It represents the amount available to cover fixed costs and contribute to profit. The contribution margin is $30 – $15 = $15 per unit.
The break-even point in units is calculated by dividing the total fixed cost by the contribution margin. BEP in units = Total Fixed Costs/Contribution Margin = $23,000/$15 = 1533.33, rounded to 1100 units. Therefore, the company's break-even in unit sales is closest to 1100 units.
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144. Sustainability programs often find their success beyond company boundaries, thus ______ systems and _____ metrics cannot capture all of the relevant numbers.A. external; bioB. internal; processC. external; externalD. internal; internal
"Sustainability programs often find their success beyond company boundaries, thus internal systems and process metrics cannot capture all of the relevant numbers." Thus, Option B is correct.
Sustainability programs are initiatives taken by companies to reduce their impact on the environment and society while maintaining their profitability. Such programs often involve collaborations with external stakeholders like suppliers, customers, and communities. As a result, the success of sustainability programs cannot be measured solely through internal systems and process metrics.
External factors such as the impact on the environment and society and the long-term economic benefits to the community must also be taken into account. Therefore, companies need to adopt a broader perspective that includes the participation of external stakeholders and measures the impact of sustainability programs beyond their immediate boundaries.
Therefore, Option B holds true.
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x-market uses a red light commonly found at traffic intersections to indicate a sale price. y-market uses a blue light rarely seen by its customers to indicate a sale price. the customers at y-market learn to run to the sale item much sooner than those at x-market. this is an example of
The given scenario is an example of CS-preexposure effect. Therefore, the correct option is C.
X-market uses a red light commonly found at traffic intersections to indicate a sale price. Y-market uses a blue light rarely seen by its customers to indicate a sale price. The customers at Y-market learn to run to the sale item much sooner than those at X-market. This is an example of the CS-preexposure effect.
The CS-preexposure effect is a phenomenon where a stimulus that has been exposed to a subject before it is paired with an unconditioned stimulus results in slower learning of the conditioned response. This is opposed to the normal phenomenon, which is known as the “standard” procedure.
Hence, the correct answer to the given situation is option C: CS-preexposure effect.
Note: The question is incomplete. The complete question probably is: X-market uses a red light commonly found at traffic intersections to indicate a sale price. Y-market uses a blue light rarely seen by its customers to indicate a sale price. The customers at Y-market learn to run to the sale item much sooner than those at X-market. This is an example of a. the compound stimulus principle. b. secondary inhibitory conditioning. c. CS-preexposure effect. d. a bidirectional response.
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When there is a 20% increase in the price of sweaters, and the price elasticity of supply is 1.5, the percentage change in the quantity supplied of sweaters is ____ %
When there is a 20% increase in the price of sweaters, and the price elasticity of supply is 1.5, the percentage change in the quantity supplied of sweaters is 30%.
What is the percentage change in supply of sweaters?According to the price elasticity of supply, when the price of a product is increased, the quantity supplied also increases. Therefore, it can be said that there is a positive relationship between price and quantity supplied.
The price elasticity of supply can be calculated by dividing the percentage change in quantity supplied by the percentage change in price.
Price elasticity of supply = (Percentage change in quantity supplied) / (Percentage change in price)
Given that the percentage increase in the price of sweaters is 20% and the price elasticity of supply is 1.5, we can calculate the percentage change in quantity supplied as follows:
1.5 = (Percentage change in quantity supplied) / 20%
1.5 × 20% = Percentage change in quantity supplied
30% = Percentage change in quantity supplied
Therefore, the percentage change in the quantity supplied of sweaters is 30%.
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Workers in high-income countries have ________ to work with than do workers in low-income countries. A. more labor and less physical capital B. less physical capital C. more labor D. more physical capital
Workers in high-income countries have more labor and less physical capital to work with than do workers in low-income countries Option (a)
Workforce productivity is the amount of products and services produced by a group of workers in a particular period of time. It is one of numerous forms of productivity measured by economists. Workforce productivity, also known as labour productivity, is a metric that can be used to an organisation or firm, a process, an industry, or a country.
Workforce productivity is distinct from employee productivity, which is a measure used at the individual level based on the assumption that overall productivity can be broken down into increasingly smaller units until, eventually, to the individual employee, to be used for example, allocating a benefit or sanction based on individual performance.
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the dimension of quality asks how long a product can go between failures or the need forcosts incurred by defects that occur prior to delivery to the customer are called:0.69i59.241j0j9
The costs incurred by defects that occur prior to delivery to the customer are called pre-delivery costs.
What are pre-delivery costs?Pre-delivery costs are expenses that are incurred by defects that occur prior to delivery to the customer. This cost includes the costs of scrap, rework, inspection, and testing. The pre-delivery cost also includes the cost of material handling, setup, and tooling.
The relevance of pre-delivery costs is that they can have a significant impact on the quality and cost of the product. Pre-delivery costs can be minimized by improving the quality of the product and the process of manufacturing it. By reducing the pre-delivery costs, the overall quality of the product can be improved.
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Output (Q) Total Revenue Total Cost 00 $0 $101 25 402 50 603 75 704 100 755 125 856 150 1107 175 1408 200 180What is the marginal revenue and marginal cost, respectively, of the 7th unit of output?A. $25 and $25 B. $30 and $20 C. $25 and $15 D. $25 and $30 There is not enough information to answer this question
The marginal revenue and marginal cost of the 7th unit of output respectively are $25 and $30. Therefore, the correct option is D.
The marginal revenue is defined as the revenue generated by selling an additional unit of product or service. In other words, the increase in revenue is measured when one additional unit is sold. If the total revenue increases when one additional unit is sold, the marginal revenue is positive. If the total revenue decreases when one additional unit is sold, the marginal revenue is negative.
The formula for calculating marginal revenue is:
MR = ΔTR / ΔQ
Where MR is marginal revenue, ΔTR is the change in total revenue, and ΔQ is the change in quantity.
Hence the marginal revenue of the 7th unit of output is:
MR = (175 - 150)/(7 - 6) = 25.
The marginal cost is defined as the cost incurred when producing an additional unit of product or service. It is the change in total cost resulting from a change in output by one unit. The formula for calculating marginal cost is:
MC = ΔTC / ΔQ
Where MC is marginal cost, ΔTC is the change in total cost, and ΔQ is the change in quantity.
Hence the marginal cost of the 7th unit of output is:
MR = (140 - 110)/(7 - 6) = 30.
Therefore, the marginal revenue and marginal cost, respectively, of the 7th unit of output are $25 and $30. Answer: D. $25 and $30.
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15. edra wants to compare 2021 sales totals to the sales totals for 2020 and needs to add the 2020 data to the consolidated sales worksheet. open the file support ex19 5a 2020 sales.xlsx. switch back to the np ex19 5a firstlastname 2.xlsx workbook and go to the consolidated sales worksheet. create external references as follows: a. link cell g6 in the consolidated sales worksheet to cell f6 in the consolidated sales 2020 worksheet in the support ex19 5a 2020 sales.xlsx workbook. b. link cell g7 in the consolidated sales worksheet to cell f7 in the consolidated sales 2020 worksheet in the support ex19 5a 2020 sales.xlsx workbook. c. link cell g8 in the consolidated sales worksheet to cell f8 in the consolidated sales 2020 worksheet in the support ex19 5a 2020 sales.xlsx workbook. d. link cell g9 in the consolidated sales worksheet to cell f9 in the consolidated sales 2020 worksheet in the support ex19 5a 2020 sales.xlsx workbook. e. do not break the links. close the support ex19 5a 2020 sales.xlsx workbook.
By connecting cells in the 2020 sales worksheet to the consolidated sales worksheet in the NP Ex19 5a FirstLastName 2.xlsx workbook, external references must be created for the assignment.
How can I make a cell on another sheet a reference?To input a formula, click the cell and then write = (the equal sign) followed by the formula you want to use. To reference the worksheet, click its tab.
How can I connect one cell in the same sheet to another?Choose the worksheet cell that you want to link an item to. Choose Hyperlink from the Insert tab's menu. Furthermore, you can choose Hyperlink by performing a right-click on the cell.
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To produce a textbook, suppose a publisher spent $140,000 for typesetting and $6.50 per book for printing and binding. The total cost to produce n books can be written asC = 140,000 + 6.5nFind the cost to produce one more textbook when you have already produced 10,000 textbooks.Using the above equation, I have established that the total cost to produce 10,000 textbooks is $205,000, with the average cost being $20.50. Not exactly sure how to work out the cost of "one more".
To find the cost to produce one more textbook when you have already produced 10,000 textbooks, the following equation can be used: C = 140,000 + 6.5n. where C is the total cost to produce n books.
Given that 10,000 textbooks have already been produced, substituting n with 10,000 gives:
C = 140,000 + 6.5 × 10,000 = $205,000
The average cost per book can be found by dividing the total cost by the number of books produced:
Average cost = Total cost / Number of books
= $205,000 / 10,000= $20.50
To find the cost of one more textbook, the equation can be modified as follows:
C = 140,000 + 6.5nC = 140,000 + 6.5(10,000 + 1) = $205,065
The cost of producing one more textbook is $65.
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