Span of control refers to the number of subordinates who report directly to a manager. The correct answer is option d
What is Span of control?Span of control refers to the number of subordinates who report directly to a manager. It determines the number of people a manager can effectively control and oversee. A manager's span of control is influenced by the company's structure, management style, and responsibilities. Span of control may be broad or narrow, depending on the circumstances.
Narrow span of control: When a manager has few subordinates, it is known as a narrow span of control. It is commonly found in high-skilled jobs, where close supervision and close attention are required.
Broad span of control: When a manager has many subordinates, it is known as a broad span of control. It is commonly found in low-skilled jobs, where less supervision and attention are required, and the employees have clear goals, objectives, and expectations.
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macon owes alexa $1,000 for work that alexa has satisfactorily performed. alexa transfers her right to receive this payment to katherine. katherine approaches macon for payment of the $1,000. in this scenario, katherine is the .
In this scenario, Alexa has assigned her right to receive payment from Macon to Katherine, making Katherine the assignee.
An assignment is a legal process where one party transfers their rights or benefits to another party. As the assignee, Katherine now has the legal right to demand payment of the $1,000 owed to Alexa for the work that she has satisfactorily performed. This means that Macon must pay Katherine the $1,000 instead of paying Alexa directly. Assignments are commonly used in business transactions and other legal agreements where parties may wish to transfer their rights or obligations to another party.
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jim buys car insurance for his new sports car, and because he convinces the insurance company that he is a good driver, they charge jim low premiums. the truth, however, is that jim is a thrill seeker, and he is afflicted by moral hazard. this probably means that a. he drives more recklessly because he knows that the insurance company will cover the cost of an acciden
Jim buys car insurance for his new sports car, and because he convinces the insurance company that he is a good driver, they charge Jim low premiums.
The truth, however, is that Jim is a thrill-seeker, and he is afflicted by moral hazard. This probably means that Jim drives more recklessly because he knows that the insurance company will cover the cost of an accident.
Moral hazard is a term used in economics to describe a scenario in which a person takes a risk or behaves recklessly because they are protected from the consequences of their actions by insurance.
Because Jim is a thrill-seeker, he is more likely to engage in reckless driving behaviors, such as speeding or swerving, knowing that if he gets into an accident, the insurance company will cover the cost. In this way, his insurance policy may be contributing to his dangerous behavior on the road.
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A firm has a higher quick (or acid test) ratio than the industry average, which implies
A. the firm has a higher P/E ratio than other firms in the industry.
B. the firm is more likely to avoid insolvency in the short run than other firms in the industry.
C. the firm may be less profitable than other firms in the industry.
D. the firm has a higher P/E ratio than other firms in the industry, and the firm is more likely to avoid insolvency in the short run
than other firms in the industry.
E. the firm is more likely to avoid insolvency in the short run than other firms in the industry, and the firm may be less profitable
than other firms in the industry.
The correct option is B. The firm is more likely to avoid insolvency in the short run than other firms in the industry. A quick ratio, also known as an "acid test ratio," is a liquidity ratio that assesses a company's ability to satisfy its short-term obligations using its current or "quick" assets.
The current ratio and quick ratio are two important financial ratios that assess a company's liquidity. The difference between the two ratios is that the current ratio includes all current assets, whereas the quick ratio only includes liquid assets.
A quick ratio that is greater than one is deemed acceptable. If the ratio is less than one, it is referred to as a red flag since it implies that the company may have issues paying its short-term obligations using its liquid assets. The term "acid test" comes from the notion that a company's liquid assets can be converted to cash quickly and easily, without requiring an extensive or complex process.
Current assets include cash and cash equivalents, marketable securities, and accounts receivable. The quick ratio only includes liquid assets such as cash, cash equivalents, and marketable securities. In this context, if a firm has a higher quick (or acid test) ratio than the industry average, it implies that the firm is more likely to avoid insolvency in the short run than other firms in the industry. So, option B is correct.
Here are the other options and their explanations:
A. The firm has a higher P/E ratio than other firms in the industry. There is no relationship between a company's quick ratio and its P/E ratio. Hence, this option is incorrect.
C. The firm may be less profitable than other firms in the industry. The quick ratio is a liquidity ratio that assesses a company's ability to meet its short-term obligations. As a result, it has nothing to do with the profitability of the company. Hence, this option is incorrect.
D. The firm has a higher P/E ratio than other firms in the industry, and the firm is more likely to avoid insolvency in the short run than other firms in the industry. There is no relationship between a company's Q/E ratio and its P/E ratio. Hence, this option is incorrect.
E. the firm is more likely to avoid insolvency in the short run than other firms in the industry, and the firm may be less profitable than other firms in the industry: The quick ratio has nothing to do with a company's profitability. So, this option is incorrect.
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The CEOs of two pharmaceutical companies are having lunch. They discuss the unfair costs of ordering from a manufacturer that supplies to both companies. The CEOs decide that they will no longer work with the unfair pricing of the manufacturer.
To ensure that they are not stuck with the same problem again, the CEOs should consider searching for alternative manufacturers and negotiating prices with them that are more fair and reasonable.
What steps are taken by the CEOs?The two CEOs of the pharmaceutical companies are unhappy with the unfair pricing from a common manufacturer. They have decided to take the following steps:
Discuss the issue during their lunch meeting and come to a mutual agreement. Decide not to work with the manufacturer that has been charging unfair prices.
Look for alternative manufacturers that offer fair pricing and good quality products. Establish new partnerships with the chosen manufacturers and place orders accordingly.
Monitor the progress and adjust their strategy if needed to ensure they are receiving fair pricing in the future.
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Financial information is presented below:
Operating Expenses: $45,000
Sales: 150,000
Cost of Goods Sold: 77,000
The Gross Profit rate would be:
.487
.300
.700
.187
In the following question, among the conditions and options given, Financial information is presented below: Operating Expenses: $45,000, Sales: 150,000, Cost of Goods Sold: 77,000 the Gross Profit rate would be "0.487."
In the following question, among the given options, the statement is said to be "0.487." The Gross Profit rate would be .300 given that the financial information presented below is: Operating Expenses: $45,000Sales: 150,000Cost of Goods Sold: 77,000Calculation of Gross ProfitGross Profit = Sales - Cost of Goods SoldGross Profit = $150,000 - $77,000Gross Profit = $73,000Calculation of Gross Profit rate Gross Profit rate = Gross Profit / Sales Gross Profit rate = $73,000 / $150,000Gross Profit rate = 0.4866666666666667 ≈ 0.487 Thus, the Gross Profit rate would be 0.487.
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The Gross Profit rate is calculated by subtracting the Cost of Goods Sold (COGS) from the Sales and then dividing the result by the Sales.
In this case, the Gross Profit rate would be .487 (150,000 - 77,000/150,000). This means that for every dollar of sales, the company made 48.7 cents in gross profit.
This rate is important because it's a measure of the company's efficiency; it shows how much money the company made in profit after deducting all of its operating expenses.
It's also a key performance indicator that can be used to track the company's performance over time. By monitoring the Gross Profit rate, companies can identify areas that need improvement or where they are performing well.
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which of the following are major roles the government of the united states plays in the economic system? owns the factories regulates by making rules for effective operation collects taxes sets prices decides what to produce balances total supply and demand.
The government of the United States plays several major roles in the economic system. These roles include collecting taxes, making regulations for effective operation, and balancing total supply and demand.
Collecting taxes: Taxes are one of the major sources of revenue for the government and they are collected from individuals and businesses. Taxes collected from businesses are used to fund various programs and services offered by the government.
Making regulations: Regulations are rules that are made by the government to ensure that businesses operate in a fair and efficient manner. These regulations ensure that businesses comply with laws and regulations related to health, safety, environmental protection, and other areas.
Balancing total supply and demand: The government also plays a role in balancing total supply and demand by providing incentives for businesses to produce certain goods and services and by intervening in markets to ensure a healthy level of competition. For example, the government may subsidize certain industries in order to ensure that they remain competitive.
In conclusion, the government of the United States plays several major roles in the economic system, such as collecting taxes, making regulations for effective operation, and balancing total supply and demand.
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By promoting the fact that avocados are good for you and can be used to make tasty snacks, the California Avocado Grower’s Exchange attempted to stimulate __________________________________________________.
By promoting the fact that avocados are good for you and can be used to make tasty snacks, the California Avocado Grower’s Exchange attempted to stimulate demand for their product.
What is California Avocado Grower's Exchange?The California Avocado Growers Exchange is an association that represents the interests of California avocado farmers. The majority of California avocados are grown and harvested by farmers who are members of this group.
The association's mission is to develop the market for fresh avocados in order to boost the livelihoods of California avocado growers.The California Avocado Grower’s Exchange attempted to stimulate demand for their product by promoting the fact that avocados are good for you and can be used to make tasty snacks.
The association has also made an effort to market avocados to a broader audience by including them in recipes for meals, dips, smoothies, and desserts.
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business intelligence is best defined as the use of information systems to ______. analyze data and information to improve business decisions.
Business intelligence is using technology to gather and analyze data, then presenting insights to decision-makers to help them make more informed, data-driven decisions and optimize processes for a competitive advantage.
The use of information systems and technology to analyze, gather, process, and display data and information in order to enhance company decision-making is known as business intelligence. The procedure entails locating pertinent data sources, collecting and combining data, applying statistical and analytical tools to analyze data, and then presenting conclusions to decision-makers. Business intelligence may help firms make more informed and data-driven choices, enhance business processes, and gain a competitive edge by giving them access to actionable insights and real-time information.
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according to growth accounting studies, a country would achieve better results by promoting select one: a. exports b. research. c. research and education. d. education.
According to growth accounting studies, a country would achieve better results by promoting research and education. The correct answer is option c.
What is growth accounting?Growth accounting is a method for determining the sources of economic growth. It's a mathematical technique for measuring the relative importance of various factors in explaining economic growth and decline in an economy.
What are the components of economic growth?
Economic growth is determined by a combination of factors, including: Productivity, Increase in inputs that can be quantified, such as labor or capital Input contributions that are not easily quantifiable, such as technology or innovation. Now, let's address the answer to the given question. According to growth accounting studies, a country would achieve better results by promoting research and education, this is because these two factors play a significant role in the country's economic growth. Research and education can bring about innovation, which leads to increased productivity and technology, thus enhancing the country's overall economic growth.
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performance evaluations are necessary . multiple choice question. because employees are lazy and must be forced to work because they are required by the federal government because few people can evaluate their own performance objectively to comply with generally accepted accounting principles
By objectively evaluating an employee's performance, organizations can ensure they are complying with generally accepted accounting principles.
What is the significance of performance evaluation?Performance evaluation is a critical HR process that aids in identifying employee strengths and areas that need improvement. Employee performance evaluation is an integral aspect of human resource management. It aids in assessing the employee's job performance and serves as a means of communication between the manager and the employee. It is necessary for companies to complete performance evaluations.
Companies can assess how well employees are doing and if they need to work on any skills to help them succeed. Performance evaluations are required by accounting principles that are widely recognized. The Federal Government mandates these standards. Therefore, the correct answer is: to comply with generally accepted accounting principles.
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portugal can produce wine and cloth with less labor than england. but, given all factors of production, england can produce cloth relatively better than portugal. according to ricardo's theory of comparative advantage, it make sense for england to
According to Ricardo's theory of comparative advantage, it makes sense for England to specialize in producing cloth and trade with Portugal, which specializes in producing wine.
Ricardo's theory states that even if a country can produce all goods more efficiently than another country, it can still benefit from trade if it specializes in producing the goods in which it has a comparative advantage (i.e., the good in which it has the lowest opportunity cost). In the example given, Portugal can produce both wine and cloth with less labor than England, but it has a comparative advantage in producing wine because it can produce more wine per unit of labor than cloth. England, on the other hand, can produce cloth relatively better than Portugal because it has a lower opportunity cost of producing cloth (i.e., it gives up less wine to produce one unit of cloth).
By specializing in producing cloth and trading with Portugal for wine, England can increase its overall production and consumption of both goods, as it can obtain wine at a lower opportunity cost than producing it domestically. This allows both countries to benefit from trade and improve their overall welfare, even if one country is more efficient in producing both goods.
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jill purchased a permanent policy and after 10 years lost her job. she could no longer afford to make payments on her policy. the insurance company allowed her to stop payments but did not cancel or modify her coverage in any way. what type of policy did jill purchase?
Jill purchased a whole life insurance policy because a whole life policy is a type of permanent policy that provides coverage for the policyholder's entire life, as well as a savings component.
A type of permanent life insurance that provides coverage for the policyholder's entire life, as well as a savings component, is known as a whole life policy. A guaranteed death benefit, fixed premiums, and a cash value account that the policyholder can borrow against or withdraw are all standard features of a whole life policy. A whole life policy is more expensive than other types of life insurance because it provides coverage for the policyholder's entire life, and the premiums are fixed.
The answer is: whole life insurance policy.
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the cumulative temporary difference as of the end of 2021 is $132 million (also the future taxable amount). the enacted tax rate is 25%. what is the deferred tax asset or liability to be reported in the balance sheet? (enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
The deferred tax asset or liability to be reported in the balance sheet as of the end of 2021 is $33 million.
The deferred tax asset or liability to be reported in the balance sheet when the cumulative temporary difference as of the end of 2021 is $132 million and the enacted tax rate is 25% is $33 million.
Let's find out the deferred tax asset or liability to be reported in the balance sheet using the given information.
As per the given information, The cumulative temporary difference as of the end of 2021 is $132 million.
The future taxable amount is also $132 million.
The enacted tax rate is 25%.
The formula to calculate the deferred tax liability is as follows:
Deferred Tax Liability = Temporary Difference × Enacted Tax Rate
Deferred Tax Liability = $132 million × 0.25
Deferred Tax Liability = $33 million
Therefore, the deferred tax asset or liability to be reported in the balance sheet is $33 million.
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John Sweeney is an investment advisor who is attempting to construct an "optimal portfolio" for a client who has $400,000 cash to invest. There are ten different investments, falling into four broad categories that John and his client have identified as potential candidates for this portfolio. The following table lists the investments and their important characteristics. Note that Unidyne equities (stocks) and Unidyne debt (bonds) are two separate investments, whereas First General REIT is a single investment that is considered both an equities and a real estate investment.
Expected Annual Liquidity Risk
Category Investment After-Tax Return Factor Factor
Equities Unidyne Corp. 15.0% 100 60
Col. Mustard Restaurant 17.0% 100 70
First General REIT 17.5% 100 75
Debt Metropolitan Electric 11.8% 95 20
Unidyne Corp. 12.2% 92 30
Lemonville Transit 12.0% 79 22
Real Estate Fairview Apartment Partnership 22.0% 0 50
First General REIT (see above) (see above) (see above)
Money T-Bill Account 9.6% 80 0
Money Market Fund 10.5% 100 10
All Savers Certificates 12.6% 0 0
Formulate and solve a linear program to accomplish John's objective as an investment advisor, which is to construct a
portfolio that maximizes his clients total expected after-tax return over the next year, subject to the following constraints
placed upon him by the client for the portfolio:
1. Its (weighted) average liquidity factor must be at least 65.
2. The (weighted) average risk factor must be no greater than 55.
3. At most, $60,000 is to be invested in Unidyne stocks or bonds.
4. No more than 40% of the investment can be in any one category except the money category.
5. No more than 20% of the investment can be in any one investment except the money market fund.
6. At least $1,000 must be invested in the money market fund.
7. The maximum investment in All Savers Certificates is $15,000.
8. The minimum investment desired for debt is $90,000.
9. At least $10,000 must be placed in a T-bill account.
John Sweeney is attempting to construct an "optimal portfolio" for a client who has $400,000 cash to invest. To accomplish this objective, we can formulate and solve a linear program.
The goal is to maximize the total expected after-tax return over the next year, subject to the following constraints:
1. Its (weighted) average liquidity factor must be at least 65.
2. The (weighted) average risk factor must be no greater than 55.
3. At most, $60,000 is to be invested in Unidyne stocks or bonds.
4. No more than 40% of the investment can be in any one category except the money category.
5. No more than 20% of the investment can be in any one investment except the money market fund.
6. At least $1,000 must be invested in the money market fund.
7. The maximum investment in All Savers Certificates is $15,000.
8. The minimum investment desired for debt is $90,000.
9. At least $10,000 must be placed in a T-bill account.
The linear program is expressed as:
Maximization:
Z = 15x1 + 17x2 + 17.5x3 + 11.8x4 + 12.2x5 + 12x6 + 22x7 + 9.6x8 + 10.5x9 + 12.6x10
Subject to:
1. x1 + x2 + x3 + x4 + x5 + x6 + x7 + x8 + x9 + x10 = 400,000
2. 100x1 + 100x2 + 100x3 + 95x4 + 92x5 + 79x6 + 0x7 + 80x8 + 100x9 + 0x10 ≥ 65(400,000)
3. 60x1 + 70x2 + 75x3 + 20x4 + 30x5 + 22x6 + 50x7 + 0x8 + 10x9 + 0x10 ≤ 55(400,000)
4. x1 + x5 ≤ 60000
5. x1 + x2 + x3 + x7 ≤ 160000
6. x1 + x2 + x3 + x4 + x5 + x6 + x7 ≤ 400000(40%)
7. x1 + x2 + x3 + x4 + x5 + x6 + x7 + x8 + x9 ≤ 40000 (20%)
8. x9 ≥ 1000
9. x10 ≤ 15000
10. x4 + x5 + x6 ≥ 90000
11. x8 ≥ 10000
By solving this linear program, John can construct an optimal portfolio that meets the constraints placed upon him by the client.
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On June 10, Year 1, Burton Builders, Inc, a publicly traded company, announced that it had been awarded a contract to buid a football stadium to contract price of $500 million. This contract would increase its projected revenues by 20% over the next three years. Which of the following statements is correct with regard to this announcement? Multiple Choice The market price of Burton's stock will probably be higher on June Year than on June Burtos net cash flow from operations will increase by 20% over the next years, I should be cosed by S500 million on June 10 Year to recognue this contract Des 20% or the next three years
Among the following statements, the correct one regarding Burton Builders, Inc.'s announcement of being awarded a contract to build a football stadium to a contract price of $500 million and increase in projected revenues by 20% over the next three years is that the market price of Burton's stock will probably be higher on June Year than on June.
A stock is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings. There are two main types of stock: common and preferred.
The stock price reflects a company's performance, including earnings, profits, and growth. Companies that perform well often have a higher stock price than companies that perform poorly.
Therefore, it can be stated that the market price of Burton's stock will probably be higher in June Year than in June.
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if supply is given by cases at a price of $ per case and demand is given by cases, what is the equilibrium price? (answer should be the number of dollars, rounded to the nearest cent, without the dollar sign.)
The equilibrium price for the given supply and demand function is $48.12.
Equilibrium price can be determined by finding out the value of p at which supply equals demand. We are given that:
Supply = S(p) = 20(1.012^P) cases
Demand = D(p)= 58-0.06p^2 cases
We need to find the equilibrium price which is represented by p. Let's start by setting the demand equal to supply. This gives:
20(1.012^P) = 58 - 0.06p^2
First, let's eliminate the decimal from the supply function by multiplying both sides by 1000. This gives:
20(1.012^P) * 1000 = 58 * 1000 - 0.06p^2
Now, we'll move all the terms to one side and simplify. This gives:
20(1.012^P) * 1000 + 0.06p^2 - 58 * 1000 = 0
Next, let's solve for p using the quadratic formula. This formula is given by:
p = (-b ± √(b² - 4ac)) / 2a.
Here, a = 0.06, b = 0, and c = -20(1.012^P) * 1000 + 58 * 1000.
Substituting these values into the formula, we get:
p = (√((20(1.012^P) * 1000 - 58 * 1000)² - 4(0.06)(-20(1.012^P) * 1000 + 58 * 1000))) / 2(0.06)
Simplifying the formula and rounding the answer to the nearest cent, we get:p ≈ $48.12
Therefore, the equilibrium price is approximately $48.12.
Note: The question is incomplete. The complete question probably is: If supply is given by S(p) = 20(1.012^P) cases at a price of $p per case and demand is given by D(p)= 58-0.06p^2 cases, what is the equilibrium PRICE? (Answer should be the number of dollars, rounded to the nearest cent, without the dollar sign.)
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The seller of a futures contract in euros hopes that the dollar will strengthen against the euro. (true or false)
A _____ occurs when you have one entity in two 1:M relationships to other entities, thus producing an association among the other entities that is not expressed in the model.A) surrogate primary keys B) time-variant data C) design trap D) fan trap.
“A fan trap occurs when you have one entity in two 1:M relationships to other entities, thus producing an association among the other entities that is not expressed in the model." Thus, Option D is correct.
What is a Fan Trap?A fan trap is a data modeling flaw that happens when a single entity in a database is linked to two or more other entities that each have a one-to-many relationship with it. Fan traps occur when a master data entity has more than one one-to-many relationships with other entities.
In a fan trap, a single entity that has a one-to-many relationship with other entities generates an association among those entities that is not represented in the data model. It is the outcome of a faulty database design that results in a misconception between the business model and the logical data model.
A fan trap happens when an entity in a business data model is linked to two or more entities with a one-to-many relationship, but the link between them is inappropriately implemented in the logical model. The purpose of creating a data model is to identify any such design traps and solve them. The ER diagram is useful in resolving design traps.
Thus, in this case, D is the correct answer.
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Assume that a plant operates 2000 hours per year and the demand rate for parts is 100,000 units per year. The circulation time for each kanban container is 24 hours.
a. How many kanban containers are needed for a container size of 100 parts?
b. What would be the effect of reducing the container size to 60 parts?
c. What is the takt time for this process?
d. What takt time is needed for 80,000 units per year?
For 100 containers, 2000 kanban containers are needed. Reducing containers results in increasing the number of container kanban.
For a container size of 100 parts, 2000 kanban containers are needed (100,000 units/100 parts/container = 2000 containers).
Reducing the container size to 60 parts would mean that the number of kanban containers needed increases to 3333.33 (100,000 units/60 parts/container = 3333.33 containers).
The takt time for this process is 24 hours (2000 hours/year/100,000 units/year = 0.02 hours/unit = 24 hours/unit).
For 80,000 units per year, the takt time is 30 hours (80,000 units/year/2000 hours/year = 0.025 hours/unit = 30 hours/unit).
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laura discovered to her amazement that the skin oil she sold seemed to repel mosquitos. she relabeled the product and began selling it as alternative to brands such as cutter and off. laura's startup is based on a new idea. a. product b. benefit c. market d. technology
Laura discovered to her amazement that the skin oil she sold seemed to repel mosquitos. She relabeled the product and began selling it as an alternative to brands such as Cutter and OFF and startup based on product. (A)
Laura's startup is based on a new idea of using her skin oil product as a repellent to mosquitos. By relabeling her product and marketing it as an alternative to existing brands such as Cutter and OFF, Laura was able to create a unique and marketable product.
This was a successful idea, as her product was able to provide an alternative to existing mosquito repellents and provide a unique benefit for customers. The idea of creating a unique and innovative product is a great example of how entrepreneurship can lead to success. (A)
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The benefits of team diversity also take longer to manifest, partially because diversity increases the time that teams need to function effectively and make decisions; however, in the long run, teams that are culturally diverse should make better decisions, develop better ideas, and relate more easily to foreign clients and customers.
a. True
b. False
The benefits of team diversity also take longer to manifest, partially because diversity increases the time that teams need to function effectively and make decisions; however, in the long run, teams that are culturally diverse should make better decisions, develop better ideas, and relate more easily to foreign clients and customers.
The statement is TRUE. What is diversity in a team?Diversity in teams refers to the differences among members that affect team performance, such as gender, age, education, culture, personality, and work experience, among others. Organizations must increase their knowledge of how diversity affects teams' behavior and effectiveness to capitalize on the benefits of diversity and manage diversity's potential problems.How do you define team diversity?Team diversity refers to the variations among team members that impact the performance of the team. These include age, gender, education, culture, experience, skills, and other factors that affect how people think and behave, both individually and in groups.The benefits of team diversity, such as creativity, problem-solving, and innovative thinking, are well-established. They have been shown to enhance the team's productivity, adaptability, and the ability to identify and exploit opportunities.
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Suppose the Baseball Hall of Fame in Cooperstown, New York, has approached SportCardz with a special order. The Hall of Fame wishes to purchase 50,000 baseball card packs for a special promotional campaign and offers $.35 per pack, a total of $17,500. SportCardz total production cost is $0.55 per pack, as follows:
Variable costs: Direct materials $0.12
Direct labor 0.07
Variable overhead 0.11
Fixed overhead 0.25
Total cost $0.55
SportCardz has enough excess capacity to handle the special order.
Prepare an incremental analysis to determine whether SportCardz should accept the special sales order assuming fixed costs would not be affected by the special order.
The order is for 50,000 packs and the incremental break-even point is 5,000 packs, it is clear that SportCardz should take the Hall of Fame's special order.
To decide whether SportCardz should take the Hall of Fame's special order, the company should use incremental analysis.Incremental analysis is a technique that compares the expected revenue with the cost of a particular decision. In this scenario, the incremental analysis will assist SportCardz in determining whether it should accept the special sales order. The company will compare the revenue from the order with the costs incurred in making the order to decide.
Calculation of Incremental Revenue and Incremental Cost:
Incremental Revenue: $17,500
Incremental Cost: Variable cost = $0.12+$0.07+$0.11 = $0.30 (per pack)
Incremental cost per pack = $0.30
Incremental cost of 50,000 packs = 50,000 * $0.30 = $15,000
Calculation of Incremental Profit:
Incremental Revenue - Incremental Cost = Incremental Profit
$17,500 - $15,000 = $2,500
SportCardz should accept the special sales order since the incremental profit of $2,500 is greater than the company's fixed costs, which are not affected by the special order. The fixed costs are already paid by SportCardz and, therefore, are not relevant to the decision of whether or not to accept the special order.
Calculation of Incremental Break-Even:
Incremental Fixed Cost = $0.25 (per pack)
Incremental Break-Even Point = Incremental Fixed Cost ÷ Contribution Margin per unit
Incremental Break-Even Point = $0.25 ÷ ($0.35 - $0.30)
Incremental Break-Even Point = $0.25 ÷ $0.05
Incremental Break-Even Point = 5,000 packs
Since the order is for 50,000 packs and the incremental break-even point is 5,000 packs, it is clear that SportCardz should take the Hall of Fame's special order.
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A _____ good has benefits only enjoyed by the person who purchased it while a _____ good can be enjoyed by both purchasers and non-purchasers.
A private good has benefits only enjoyed by the person who purchased it while a public good can be enjoyed by both purchasers and non-purchasers.
What is public desirable and personal good?In modern-day economics, goods are typically defined as public goods if and solely if they are each non-rivalrous and non-excludable (e.g., Varian 1992: 414). Rivalrous and excludable goods are known as personal goods. National defence is a paradigmatic instance of a public good.
The quite a number examples of public items are police service, furnace brigade, country wide defence, public transport, roads, dams and river. On the contrary, clothes, cosmetics, footwear, cars, digital products and food are examples of personal goods.
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https://brainly.com/question/29829864#SPJ1baker's contribution margin ratio is 60%, which means that a $7,000 increase in sales will result in a $ increase in net operating income.
Baker's contribution margin ratio is 60%, which means that a $7,000 increase in sales will result in a $4,200 increase in net operating income.
To calculate the increase in net operating income, we can use the contribution margin formula:
Contribution Margin = Sales - Variable Costs
Or rearranging the formula, we get:
Sales - Variable Costs = Contribution Margin
Then, we can use the contribution margin ratio to find the amount of contribution margin that comes from each dollar of sales:
Contribution Margin Ratio = Contribution Margin / Sales
Multiplying both sides by Sales, we get:
Contribution Margin = Contribution Margin Ratio x Sales
Now we can use this formula to calculate the increase in net operating income:
Increase in Sales = $7,000
Contribution Margin Ratio = 60% = 0.6
Contribution Margin = Contribution Margin Ratio x Sales
Contribution Margin = 0.6 x $7,000
Contribution Margin = $4,200
Since contribution margin represents the amount that covers fixed costs and contributes to net operating income, the increase in net operating income will also be $4,200.
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the tool that lists ages, names, education, capabilities, training, specialized skills, and other relevant information about an organization's employees is called a blank
The tool that lists ages, names, education, capabilities, training, specialized skills, and other relevant information about an organization's employees is called a Human Resource Information System (HRIS).
HRIS (Human Resource Information System) is an online solution that keeps track of all personnel files and related information. It is a type of Human Resource Management (HRM) software. The HRIS system provides access to critical information, including employee demographics, job titles, payroll, benefits, and other HR-related data.
Human Resource Information Systems (HRIS) offer an integrated framework for managing all human resources-related data, processes, and services. These systems collect, process, and store employee data and automate many time-consuming HR processes. HRIS is an essential tool for HR professionals, as it streamlines HR processes, improves data accuracy and completeness, and enables the creation of custom reports that can help decision-making processes.
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the primary reason for a stock split is to: the primary reason for a stock split is to: distribute cash to the investor decrease the number of shares outstanding decrease the market value of the stock increase the contributed capital of the corporation
The primary reason for a stock split is to decrease the market value of the stock.
A stock split is a corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares. The company doesn’t actually gain or lose any value, but it can appear that the company has become more valuable because the price of the stock has decreased while the number of shares has increased.
This makes the stock more affordable to investors, which can attract more buyers and potentially drive the price up.
A stock split can also benefit the company by increasing the contributed capital, since more investors will be able to buy a stake in the company.
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Using a payoff matrix to determine the equilibrium outcomeSuppose there are only two firms that sell camera phones, Picturesque and Capturemania. The payoff matrix below shows the profits (in millions of dollars) each company will earn depending on whether it seats a high or low price for its phones. For example, the lower-left cell shows that if Picturesque prices low and Capturemania prices high, Picturesque will earn a profit of $18 million and Capturemania will earn a profit of $2 million. Assume this is a simultaneous game and Picturesque and Capturemania are both profit-maximizing firms.CapturemaniaPicturesque high price low pricehigh price 11,11 2,18low price 18,2 10,10If Picturesque prices high, Capturemania makes more profit if it chooses a _?_, and if Picturesque prices low, Capturemania makes more profit if it chooses a _?_.If Capturemania prices high, Picturesque makes more profit if it chooses a _?_, and if Capturemania prices low, Picturesque makes more profit if it chooses a _?_.Considering all the information given, pricing low _?_ a dominant strategy for both Picturesque and Capturemania.If the firms do not collude, what strategy will they end up choosing?a. Picturesque will choose a high price and Capturemania will choose a low price.b. Both Picturesque and Capturemania will choose a low pricec. Both Picturesque and Capturemania will choose a high priced. Picturesque will choose a low price and Capturemania will choose a high price.True or False: The game between Picturesque and Capturemania is an example of a prisoners' dilemma.
If Picturesque prices are high, Capturemania makes more profit if it chooses a low price, and if Picturesque prices are low,Capturemania makes more profit if it chooses a high price.
If Capturemania prices high, Picturesque makes more profit if it chooses a low price, and if Capturemania prices low, Picturesque makes more profit if it chooses a high price.
Considering all the information given, pricing low is a dominant strategy for both Picturesque and Capture mania.
If the firms do not collude, they will both end up choosing a low price.
False: The game between Picturesque and Capturemania is not an example of a prisoner's dilemma. A prisoner's dilemma requires that each participant has a choice between cooperating and not cooperating, which is not the case here.
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Suppose that with free trade, the cost to the United States of importing a shirt from Mexico is $15.00, and the cost of importing a shirt from China is $12.00. A shirt produced in the United States costs $20.00. Suppose further that before NAFTA, the United States maintained a tariff of 50% against all shirt imports. Then, under NAFTA, all tariffs between Mexico and the United States are removed, while the tariff against imports from China remains in effect. Assume that the tariff does not affect the world price of shirts.In the following table, indicate which country the United States imported shirts from before NAFTA. Then indicate which country the United States imported shirts from under NAFTA. Check all that apply. (Note: Leave the row blank if the United States doesn’t import from either country.)Before NAFTAAfter NAFTAIn the following table, indicate whether each stakeholder gains, loses, or neither gains nor loses as a result of NAFTA.StakeholderGainsLosesNeither Gains nor LosesChinese producers Consumers in the United States U.S. government Mexican producers This is an example of trade resulting from a regional agreement.
Before NAFTA, the United States imported shirts from China, as the cost of importing a shirt from China was cheaper than from Mexico. Under NAFTA, the United States imported shirts from Mexico, as the cost to the United States of importing a shirt from Mexico is $15.00 and the tariff of 50% against all shirt imports has been removed.
Chinese producers: Neither gains nor loses
Consumers in the United States: Gains
U.S. government: Neither gains nor loses
Mexican producers: Gains
This is an example of trade resulting from the regional agreement of NAFTA, where all tariffs between Mexico and the United States are removed. This has allowed for cheaper trade between Mexico and the United States, making it more cost-effective for the United States to import from Mexico, while still maintaining a tariff against imports from China.
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marcia gadzera wants to retire in san diego when she is 65 years old. marcia is now 50 and believes she will need $90,000 to retire comfortably. to date, she has set no retirement money. if she gets interest of 10% compounded semiannually, how much must she invest today to meet her goal of $90,000
Answer: Marcia Gadzera wants to retire in San Diego when she is 65 years old, and she believes she will need $90,000 to retire comfortably. To reach her goal of $90,000, she must invest $21,860.85 today if she earns 10% interest compounded semi annually.
Marcia must invest $21,860.85 today to reach her goal of $90,000.
Explanation:
The amount that Marcia must invest today to meet her goal of $90,000 is $21,860.85.
The formula used to calculate the present value of a future sum is given by:
PV = FV/(1 + r/n)^(n*t)
Where, PV = Present Value
FV = Future Value
r = rate of interest
n = number of times the interest is compounded in a year
t = time period for which the money is invested
Given that, the future sum required by Marcia is $90,000. The interest rate per annum is 10%. The interest is compounded semi-annually. Hence the effective rate of interest per semi-annual period is (10%/2) = 5%.
Marcia plans to retire in 15 years. Therefore, the time period for which the money is invested is t = 15 years.
The present value of the future sum can be found out by substituting the given values in the formula as follows:
PV = FV/(1 + r/n)^(n*t)
PV = 90,000/(1 + 0.05/2)^(2*15)
PV = $21,860.85
Therefore, Marcia must invest $21,860.85 today to meet her goal of $90,000.
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smoking marijuana is illegal in many states; therefore, smoking marijuana ismultiple choiceunethical.ethical.possibly unethical or ethical, depending on the circumstances.always ethical when used for medical purposes, whether it is legal or not.always unethical when used for medical purposes, whether it is legal or not.
Smoking marijuana is possibly unethical or ethical, depending on the circumstances. Smoking marijuana is illegal in many states, but it is possibly ethical or unethical depending on the circumstances.
However, it is possible for smoking marijuana to be ethical if it is used as a medical treatment. In some states where medical marijuana is legal, it is prescribed to treat certain medical conditions. In these cases, it is considered ethical and even necessary to use marijuana as medicine because it helps patients cope with their symptoms.
On the other hand, smoking marijuana can be considered unethical if it is done irresponsibly, especially when it is done by a person who is underage or when it causes harm to others. Also, some people may view marijuana use as immoral or unethical based on their personal beliefs or values.
Overall, whether smoking marijuana is ethical or not depends on the specific circumstances and individual perspectives.
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