The statement that is not an accurate statement about internal control is "it guarantees the management will behave ethically." Option C is the correct answer.
Internal control is a procedure that a business or organization has in place to ensure the integrity and accuracy of its financial and accounting information, promote efficiency and effectiveness in operations, and ensure compliance with laws and regulations.Therefore, internal control is an important mechanism that is put in place to achieve various goals.
In particular, it is designed to achieve the following objectives: reliability of financial and accounting information, compliance with laws and regulations, promotion of efficient and effective operations,and protection of the company's assets. Thus, the statement that is not an accurate statement about internal control is "it guarantees the management will behave ethically." Because although internal control helps ensure that all employees, including top management, conduct business ethically, it does not guarantee it.
Option C is the correct answer.
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a company's resources and capabilities represent multiple choice the firm's net working capital and related determinants for measuring operating performance and capabilities. the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace. whether the firm has the industry's most efficient value chain. management's sources and uses of funding for new strategic initiatives. positive trends with relevant cultural factors related to buyers' choices and product modifications.
option (B) is the correct answer.
The resources and capabilities of a company represent the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace. The correct option is: the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace.
Explanation:Resources and capabilities are internal resources and abilities that are useful in creating and sustaining a competitive advantage. Competitive assets are a set of tools that a company uses to gain a competitive advantage over its rivals.The firm's resources and capabilities are key to the creation of a sustainable competitive advantage.
For example, a firm that has a unique, inimitable capability for producing high-quality goods at a low cost can leverage this capability to gain a cost advantage over its competitors.
Similarly, a firm that has developed strong relationships with suppliers or distributors can use these relationships to gain a supplier or distributor advantage over its rivals.
In conclusion, the firm's competitive assets determine its competitiveness and ability to succeed in the marketplace. Therefore, option (B) is the correct answer.
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suppose that an increase in consumer confidence increases aggregate demand and pushes the price level to 122 while nominal gdp increases to $25,000. what is real gdp? round your answer to the nearest hundredth.
The real GDP is when the nominal GDP is increased to $25,000 and the price level rises to 122. The real GDP of an economy is $204,918.
Real GDP is the number of goods and services produced in an economy adjusted for inflation.
To calculate real GDP, we must first calculate the GDP deflator. The GDP deflator is calculated as:
GDP deflator = (Nominal GDP / Real GDP) x 100
Therefore, the GDP deflator = ($25,000 / Real GDP) x 100.
Substituting the given values in the equation, we get Real GDP = ($25,000 / (122 / 100)) = $204,918.
Real GDP is the total value of goods and services produced in an economy at constant prices. So, when the nominal GDP is increased and the price level rises, the real GDP of an economy also increases. In this case, the real GDP increases to $204,918.
To summarize, when the nominal GDP increases to $25,000 and the price level rises to 122, the real GDP of an economy is $204,918.
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american clothing company manufactures clothes to be sold in retail stores. after the clothing is manufactured, it is shipped to wholesalers who, in turn, use transportation companies to ship the product to various retail outlets. the manufacturer, wholesaler, transportation company and retailer all work together to create and deliver the product. this is an example of
A supply chain refers to the network of businesses and processes involved in the creation and delivery of a product, from raw materials to the final product in the hands of the consumer. This is an example of a supply chain in the American clothing industry.
In this case, the supply chain consists of the manufacturer, wholesaler, transportation company, and retailer, all working together to produce and distribute clothing items.
1. Manufacturer: The American clothing company produces the clothes using raw materials, such as fabric, buttons, and zippers. They transform these raw materials into finished garments, which are then packaged and prepared for shipment to wholesalers.
2. Wholesaler: Wholesalers purchase large quantities of clothing items from the manufacturer at a discounted rate. Their role is to store, organize, and distribute the clothes to various retail outlets. Wholesalers act as intermediaries between the manufacturer and the retailer, ensuring that the products are available for purchase by the end consumer.
3. Transportation Company: These companies specialize in moving goods from one location to another. In this supply chain, the transportation company is responsible for delivering the clothing items from the wholesaler to the retail outlets. They ensure that the products reach their destination safely and efficiently, often utilizing various modes of transportation, such as trucks, trains, or planes.
4. Retailer: The retail outlets receive the clothing items from the wholesaler, typically through a transportation company. Retailers then stock their shelves with the clothing products, displaying and marketing them to attract customers. Consumers purchase the clothes from these retail outlets, completing the supply chain process.
The collaboration of these different entities within the supply chain helps to create a seamless flow of goods from the manufacturer to the consumer.
This process is essential for the efficient functioning of the American clothing industry, ensuring that customers can access a variety of high-quality products at retail locations.
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if an individual moves money from a small-denomination time deposit to a demand deposit account, Which choice is correct?M1 increases and M2 decreases.
M1 stays the same and M2 increases.
M1 stays the same and M2 stays the same.
M1 increases and M2 stays the same.
If an individual moves money from a small-denomination time deposit to a demand deposit account, M1 increases and M2 stays the same.
M1 increases and M2 remains unchanged when money is transferred from a small-denomination time deposit to a demand deposit account. M1 decreases and M2 remains unchanged if money is transferred from a demand deposit account to a money market deposit account.
Money that is extremely liquid, such as cash, checkable (demand) deposits, and traveler's checks, is included in the M1 money supply. The M2 money supply, which consists of the M1 money supply plus savings and time deposits, certificates of deposits, and money market funds, is less liquid in nature.
The most liquid forms of money, such as cash, demand deposits, and other liquid deposits, make up M1. ATS and NOW accounts, share draft accounts, and savings deposits are examples of additional liquid deposits. Small-denomination time deposits and retail money market funds are the non-M1 parts of M2.
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a basis for estimating fees, communicating areas of high risk and measuring the efficiency of staff is provided by the
A basis for estimating fees, communicating areas of high risk and measuring the efficiency of the staff is provided by the time budget.
Estimating and assigning time to high-priority tasks constitutes a time budget. In the end, it aids us in prioritising our tasks and making efficient use of our time. A schedule is necessary for a healthy work-life balance, and setting a time limit would help us stay on track. The pattern created for allocating our time would most importantly reveal our strengths, weaknesses, and performances. Budgeting time to accomplish any assignment is a time management strategy for the office.
In businesses, it's very usual to be unable to complete any task before the deadline. The failure to predict completion time is the most likely cause.
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in defining a milestone, which of the following is most correct? seleccione una: a. it has value in the project charter but not in the plan b. it defines the phase of a project c. it has a duration of zero (0) d. it has a duration of no more than one day
The correct option is d. It has a duration of no more than one day.
What is a Milestone?A project milestone is a momentous event in the project's timeline that represents significant progress towards achieving the project objectives.
It's a significant date on the calendar that has a deadline and signifies the completion of a major stage in the project's development.
A project milestone is a point in time that represents a significant achievement in the project's completion. This achievement might be a deliverable, a final product, or an important project goal. I
n general, the milestone represents the successful conclusion of a significant phase or stage in the project, and it's typically accompanied by a high degree of celebration within the project team.
Milestones, on the other hand, are not scheduled on a specific date, but rather on a specific date range in which they should be accomplished.
It's a zero-duration job, meaning it has no duration, but it has a specific start and finish date, and it's an essential element of project management, particularly in planning and monitoring the project's progress.
The milestone is established by the project manager or the project management team to determine how the project should progress.
It is critical to monitor the milestones of the project because they provide essential information about the project's progress and ensure that it is on track.
Milestones can be used in a variety of industries and businesses, including construction, software development, and product manufacturing.
Therefore, the correct option is d. It has a duration of no more than one day.
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in the study of consumer behavior, which time period listed below is considered? purchase prepurchase postpurchase all of the above
All of the above time periods are considered in the study of consumer behavior. Purchase is the time period when a consumer actually buys a product or service. Prepurchase is the time period before a consumer buys a product or service, when they are researching, comparing, and considering different options.
Postpurchase is the time period after the consumer has made a purchase, when they are evaluating their decision, determining satisfaction, and possibly returning the product or service.
Consumer behavior is an interdisciplinary field that studies how individuals, groups, and organizations make decisions about the acquisition and consumption of goods, services, and ideas. By studying consumer behavior, marketers are able to identify consumer needs and make decisions about how best to satisfy them. All three of the time periods listed above are important for understanding consumer behavior. The purchase period is when the actual transaction takes place, the prepurchase period is when the consumer is making decisions about which products or services to buy, and the postpurchase period is when the consumer evaluates their decision and determines satisfaction.
All three time periods are necessary for understanding how a consumer makes decisions and how marketers can best satisfy the needs of their customers.
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your discount brokerage firm charges $8.75 per stock trade. how much money do you need to buy 170 shares of pfizer, inc. (pfe), which trades at $41.52?
In order to buy 170 shares of Pfizer, Inc. (PFE) which trades at $41.52 each, you need $7,058.40 in total.
Here's the calculation:
[tex]$8.75 per stock trade[/tex] [tex]x 170 shares = $1,497.50[/tex]
[tex]$41.52 per share[/tex] [tex]x 170 shares = $7,058.40[/tex]
Therefore, you need $7,058.40 to purchase 170 shares of Pfizer, Inc. (PFE). This includes the brokerage fee of $8.75 per stock trade.
It's important to understand how stock trading works, and to be aware of any additional fees your discount brokerage firm may charge. As the market fluctuates, stock prices can go up or down, which will affect the total amount of money you need to invest.
Additionally, your brokerage firm may have other fees for services such as setting up a trading account or for any extra services. It's important to be aware of all of these costs and fees before investing, so you can budget accordingly and make sure you have enough money to invest.
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during its first year of operations, baker company bills credit customers $52,900 for services rendered. during the year, baker receives $40,400 from all customers, $6,200 of which is received from cash customers. required: what amount of revenue should be shown on the income statement for the year?
The revenue for Baker Company's first year of business should be computed by deducting the amount received from cash customers from the total amount collected from all customers.
As a result, the annual revenue would be $34,200 ($40,400 - $6,200). It should be noted that the $52,900 invoiced to credit consumers is not the same as revenue, since revenue is recognized when services are performed and money is received. Just the amount received should be recorded as revenue on the income statement in this scenario.during its first year of operations, baker company bills credit customers $52,900 for services rendered. during the year, Revenue is an important indicator for firms to determine their financial performance and profitability. By properly recognizing income,
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The greater the wealth of people in a country, generally, the better the opportunity a firm will have in that particular country. A firm conducting an economic analysis of a country market must look at three major factors: the general economic environment, the market size and population growth, and real income. what is the base. This analysis is based on what theory?
Macroeconomic theory will be the appropriate choice.
Macroeconomic theory: what is it?Macroeconomic theory is very important for every business to function in the current environment, and people use it to comprehend the market so that businesses can operate successfully.
Macroeconomics is the investigation of an economy's overall quality, structure, activity, and decision-making. Using interest rates, taxes, and government expenditure, for instance, to control the expansion and stability of an economy. This covers local, national, and international economies. There are three different categories of macroeconomic policies:
fiscal strategy.
Financial Policy.
Supply-side strategies
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9. as computers were introduced into the workplace, many new white collar jobs opened up. with training, many workers were able to switch from blue collar to white collar jobs. this is known as:
This phenomenon is known as "deskilling," which is the process by which a job or task is simplified or automated. As computers became more widespread in the workplace, the demand for skilled workers decreased, and many blue-collar workers were able to transition to white collar jobs.
Deskilling has several benefits for businesses. By automating processes, companies can reduce their labor costs, improve efficiency, and save time. Additionally, many jobs can be handled remotely, allowing businesses to outsource tasks to workers around the world, thus reducing overhead costs. In addition, businesses can take advantage of advances in technology to improve their products and services.
Although deskilling can have many positive effects, it can also have a negative impact on workers. For example, when a job is simplified and automated, it can reduce the need for highly skilled and experienced workers. This can lead to a decrease in wages and job opportunities, as well as a decrease in job satisfaction. Additionally, deskilling can lead to a decrease in job security, as automation and outsourcing become more common.
Deskilling is a phenomenon that has both positive and negative effects. Therefore, businesses must be mindful of the potential consequences of deskilling and take steps to ensure that workers are not adversely affected.
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angela should decrease her deductible from $1,000 to $250 in order to reduce her home insurance premium. group startstrue or false true, unselected false, unselected
The given statement " Angela should decrease her deductible from $1,000 to $250 in order to reduce her home insurance premium." is true. In Angela's case, decreasing deductible would reduce her insurance premium as insurance company causing her risk exposure to decrease.
When an individual increases their deductible, their insurance premium decreases. The deductible is the amount of money that the policyholder is liable for before their insurance policy begins to cover losses. When an individual has a higher deductible, it means that they are paying a greater portion of the cost before the insurance begins to take responsibility.
.
Similarly, when an individual has a lower deductible, they are paying a smaller proportion of the cost, and the insurance company is liable for a larger percentage.
Thus, it can be concluded that Angela should decrease her deductible from $1,000 to $250 to reduce her home insurance premium.
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graff and chase are creating an outdoor space to use during winter. they want to focus on finding the safest way to stay warm. to start, they consider whether a propane heater or a fire pit would be safer. what decision point are they working on at the moment? group of answer choices
The decision point they are working on at the moment is which is safer for outdoor use, a propane heater or a fire pit.
Graff and Chase are considering whether a propane heater or a fire pit would be safer. The decision point they are working on at the moment is which is safer for outdoor use, a propane heater or a fire pit.
Fire pits are great for cooking and create a pleasant ambiance but can be hazardous. Propane heaters are safe and easy to use and also generate a lot of warmth. To avoid potential dangers, it is important to learn the safety precautions for fire pits, including where to place them, what materials to use, and how to start and maintain the fire. Propane heaters, on the other hand, do not require such precautions and can be used safely in most outdoor environments. The decision point they are working on at the moment is which is safer for outdoor use, a propane heater or a fire pit.Learn more about Propane heaters visit:
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Classify the different options given as goods or services.
haircut
computer hardware
vacation package
washcloth
taxi
housekeeping
car engine
haircut- services
computer hardware- goods
vacation package- goods
washcloth- goods
taxi- services
housekeeping- services
car engine- goods
In the context of business, the given options classify as follows: haircut, vacation package, taxi ride, and housekeeping are services, while computer hardware, washcloth, and car engine are goods. These definitions are based on whether you can physically touch the item (good) or it's a value-providing activity (service).
Explanation:In business, goods and services is a fundamental concept that helps to distinguish different components of economic activity. Goods are tangible items that we can physically touch. Services are intangible activities which provide some kind of value without producing a physical product.
A haircut is a service because it is an activity that provides value but you can't physically touch it. Computer hardware is a good because it is a tangible item that you can physically touch it. A vacation package is a service because it is an activity that provides value but you can't physically touch it. A washcloth is a good because it is a tangible item that you can physically touch. A taxi ride is a service because it is an activity that provides value but you can't physically touch it. Housekeeping is a service because it provides value through activity but doesn't result in a product you can touch. A car engine is a good because it is a tangible item that you can physically touch. Learn more about Goods And Services here:
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in recent years, the federal reserve has made targeting the federal funds rate a main focus of its monetary policy. what open-market operation would be appropriate if the federal reserve wants to increase the federal funds rate? (1 point)
To increase the federal funds rate, the Federal Reserve could carry out a contractionary open-market operation. This would involve the sale of government securities by the Federal Reserve to banks and other financial institutions.
What is Open Market Operation?
Open-market operations refer to the purchasing or selling of securities such as bonds or treasury bills from the US Department of Treasury by the Federal Reserve to influence the money supply in the economy.
What is Federal Funds Rate?
The federal funds rate is the interest rate charged by banks for overnight loans made from one bank to another in the federal funds market. The federal funds rate is often used as a benchmark for other interest rates, and it is a crucial tool for the Federal Reserve in controlling the money supply.
What is Monetary Policy?
Monetary policy is a central bank's management of the money supply to achieve specific goals like controlling inflation, boosting economic growth, or stabilizing financial markets. Monetary policy is implemented via open market operations, changing reserve requirements, and setting interest rates on loans made to commercial banks.
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if the low-grade ore requirement was raised to 35 tons: what minimum cost could be realized? would the optimal solution change?
The minimum cost that could be realized if the low-grade ore requirement was raised to 35 tons would remain the same or be slightly higher depends on several factors, including the current cost of ore and the total cost of production and the optimal solution might change. Raising the requirement would likely increase the total cost of production, as more ore would need to be mined.
The optimal solution might change depending on the other production costs, such as labor, transportation, and equipment. If the cost of ore is low enough that it does not significantly add to the overall production cost, then the optimal solution may remain the same. If, however, the cost of ore is high enough that it does add significantly to the overall cost, then the optimal solution might change to make use of ore from other sources or with a higher grade.
In conclusion, the minimum cost that could be realized if the low-grade ore requirement was raised to 35 tons depends on the current cost of ore and other production costs. The optimal solution may remain the same or may change depending on the relative costs of the various production components.
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among the essential characteristics of organizational structure there is the degree to which a company specifies how decisions are to be made so that employees' behavior becomes predictable and it is referred to as group of answer choices uniformity of output. conformity of behavior. standardization. maximization of effort. behavioral control.
The essential characteristics of organizational structure includes behavioral control, which refers to the degree to which a company specifies how decisions are to be made so that employees' behavior becomes predictable.
This includes uniformity of output, conformity of behavior, standardization, and maximization of effort.
Behavioral control ensures that everyone is following the same procedures and standards, allowing the organization to be more efficient and productive. It also ensures that employees are consistently producing the same quality of work and are motivated to reach their goals.
Behavioral control helps to create an organized and structured work environment that allows everyone to achieve the same objectives. By setting expectations and goals, it helps to create a more productive and efficient workplace.
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XYZ Ltd commenced business on 1st January 2014. On that day, XYZ Ltd bought equipment on credit from CCC Ltd equipment Ltd at P85 000. The equipment will be used for 5 years and the estimated value at the end of the 5 years is P25, 000. Calculate the depreciation for the equipment at 10% for the first three years using the reducing balance method
The total depreciation for the first three years is P17,000 + P13,600 + P10,880 = P41,480.
To calculate the depreciation for the equipment at 10% for the first three years using the reducing balance method, we need to first determine the annual depreciation rate. The annual depreciation rate is calculated by dividing 100% by the number of years the equipment is expected to be used, which in this case is 5 years. Therefore, the annual depreciation rate is 20%.
Year 1:
The depreciation for the first year is calculated by multiplying the opening balance of the equipment (P85,000) by the annual depreciation rate (20%). The depreciation for the first year is therefore P17,000.
Year 2:
The opening balance for the second year is P85,000 - P17,000 (depreciation for year 1) = P68,000. The depreciation for the second year is calculated by multiplying the opening balance (P68,000) by the annual depreciation rate (20%). The depreciation for the second year is therefore P13,600.
Year 3:
The opening balance for the third year is P68,000 - P13,600 (depreciation for year 2) = P54,400. The depreciation for the third year is calculated by multiplying the opening balance (P54,400) by the annual trade depreciation rate (20%). The depreciation for the third year is therefore P10,880.
Therefore, the total depreciation for the first three years is P17,000 + P13,600 + P10,880 = P41,480.
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a type of listing agreement that allows the seller to employ multiple licensees at the same time with a commission owed only to the licensee procuring the buyer is known as:
A type of listing agreement that allows a seller to employ multiple licensees at the same time, with a commission owed only to the licensee procuring the buyer, is known as an open listing agreement. This arrangement provides the seller with the flexibility to work with multiple real estate agents or brokerages concurrently, without being committed to a single representative.
In an open listing, each licensee independently markets the property and competes with other licensees to find a suitable buyer. Since the commission is only paid to the licensee who procures the buyer, this creates an incentive for each agent to work diligently in their efforts to sell the property.
While open listings can provide benefits in terms of increased exposure and potentially faster sales, there are some downsides. Due to the lack of exclusivity, agents may be less motivated to invest significant time and resources in marketing the property, as there is no guarantee they will earn a commission. Additionally, coordinating showings and offers with multiple agents can be more challenging for the seller.
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how can parties to a real estate transactionensure that the facts contined in formal documents are made available to everyone
Parties to a real estate transaction can ensure that the facts contained in formal documents are made available to everyone by including making sure all parties are legally represented and that all signatures are valid and verifiable. Create a document repository or database. Ensure that all documents are up-to-date. Provide a notification system or email list
Ths can be done taking followings steps:
Make sure all documents are drafted and signed correctly and accurately. This includes making sure all parties are legally represented and that all signatures are valid and verifiable.Create a document repository or database where all the documents related to the transaction can be stored, shared, and accessed. This should be secure, organized, and easily accessible for all involved.Keep all documents in one place. This way, all parties can easily access the same information when needed.Organize the documents in an easily understandable manner so that all parties can quickly find the information they need.Ensure that all documents are up-to-date. This includes double-checking all dates, locations, and details to make sure they are accurate.Provide a notification system or email list so that all parties are notified when new documents are added or changed.By following these steps, parties to a real estate transaction can ensure that the facts contained in formal documents are made available to everyone. This will help to make the process smoother and more efficient, while reducing any confusion or misunderstandings.
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g price quantity demanded quantity supplied $19.95 6 50 $18.49 9 40 $17.99 14 30 $15.95 20 20 $10.95 26 10 $9.95 31 0 19. at what price is this market in equilibrium? a. $19.95 b. $14.00 c. $15.95 d. $17.99 e. none
The market for the good in the example is in equilibrium at a price of $15.95. At any other price, the market is not in equilibrium and there is either an excess demand or an excess supply. Correct answer is option c
The market for this good is in equilibrium at a price of $15.95. This is because when the price is $15.95, the quantity supplied (20) is equal to the quantity demanded (20). At any other price, the market is not in equilibrium because the quantity supplied and the quantity demanded do not match. In economics, equilibrium occurs when the quantity supplied and quantity demanded are equal.
To further explain the concept of market equilibrium, imagine a market for apples. When the price of apples is $2 per kilogram, the quantity supplied is 5 kilograms and the quantity demanded is 5 kilograms. This means that the market is in equilibrium, as the quantity supplied and quantity demanded are equal. The market for the good in the example is in equilibrium at a price of $15.95.Therefore Correct answer is option c
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which of the following is a political risk faced by organizations such as fifa that operate in multiple countries? a. challenges implementing the world trade organization agreements b. uncertain prices for critical commodities c. potential nationalization of invested assets d. failure of countries to pay debt obligations
Organizations with global operations, like FIFA, must deal with the political risk of potential nationalisation of invested assets.
What does "political risk" mean in the global marketplace?Political risk, also known as geopolitical risk, happens when a country's government suddenly changes its policies in a way that is harmful to the foreign company. One of these policy changes can be the removal of trade barriers, which serve to restrict or obstruct international trade.
What tools are available to managers to evaluate political risk?Managers can evaluate political candidates' plans and how they will impact the economy in particular relation to the business of interest in order to estimate political risk. The expected situations for each applicant can be reviewed by managers, and they can also assign weighted percentages to the chances of winning.
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Type the correct answer in the box, and use correct spelling
What is the correct strategy that Alejandra must use to deliver a negative message?
Alejandra is a customer relations manager at a toy company. A customer posted a complaint on the company's social media page saying that one of its
toys is unsafe for children. Alejandra should use a/an
strategy to respond to the situation
Answer: Apologise for the mistake and suggest a new plan
Explanation:
Alejandra should apologize for the inconvenience caused due to the product and suggest a plan to rectify the error like giving the customer a discount on the next purchase or replacing the purchased item. She should also assure the customer that steps will be taken to make it safe for the children.
a line worker in a factory is required to produce 50 units to be paid $10. in the context of the schedules of reinforcement, this scenario most likely exemplifies a multiple choice fixed-ratio schedule. fixed-interval schedule. variable-ratio schedule. variable-interval schedule.
the most likely schedule of reinforcement in this scenario is a fixed-ratio schedule. In the context of the schedules of reinforcement, the scenario described most likely exemplifies a fixed-ratio schedule.
In a fixed-ratio schedule of reinforcement, a specific number of responses or behaviors must be completed before a reward or reinforcement is given. In this scenario, the line worker in the factory is required to produce 50 units to be paid $10. This means that the worker must complete a fixed number of units (50) before receiving the reward ($10).
In contrast, a fixed-interval schedule of reinforcement is based on time, where a reward or reinforcement is given after a fixed amount of time has passed, regardless of how many behaviors or responses have been completed. A variable-ratio schedule of reinforcement involves a changing number of responses required to receive a reward or reinforcement, while a variable-interval schedule involves a changing amount of time between reinforcements. Neither of these schedules match the scenario described in the question.
Therefore, the most likely schedule of reinforcement in this scenario is a fixed-ratio schedule.
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an employee's work motivation can be either intrinsic or extrinsic, but not both group of answer choices true false
An employee’s work motivation can be either intrinsic or extrinsic, but not both. This statement is false.
Intrinsic motivation is when you engage in a behavior because you find it rewarding or enjoyable, while extrinsic motivation is when you engage in a behavior because you want to earn a reward or avoid a punishment1. Both types of motivation can influence human behavior, but they may have different effects on performance, satisfaction, and well-being.
An employee’s work motivation can be either intrinsic or extrinsic, but not both.
This answer explains that an employee’s work motivation can be influenced by both intrinsic and extrinsic factors, depending on the situation and the individual. For example, an employee may work hard because they enjoy their job and because they want to get a promotion. Or, an employee may work hard because they fear losing their job and because they find their work meaningful. Therefore, it is not accurate to say that an employee’s work motivation can be only one type or the other.
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part u67 is used in one of broce corporation's products. the company's accounting department reports the following costs of producing the 16,800 units of the part that are needed every year. per unit direct materials $ 4.00 direct labor $ 4.70 variable overhead $ 7.70 supervisor's salary $ 8.40 depreciation of special equipment $ 9.00 allocated general overhead $ 6.00 an outside supplier has offered to make the part and sell it to the company for $33.00 each. if this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. the special equipment used to make the part was purchased many years ago and has no salvage value or other use. the allocated general overhead represents fixed costs of the entire company. if the outside supplier's offer were accepted, only $22,800 of these allocated general overhead costs would be avoided. required: a. prepare a report that shows the financial impact of buying part u67 from the supplier rather than continuing to make it inside the company. b. which alternative should the company choose?
The financial impact of purchasing U67 parts from external suppliers is total avoided costs: $519,840 and total additional costs: $32,560. The company should choose to buy part U67 from the outside supplier.
The financial impact of buying part U67 from an outside supplier rather than continuing to make it inside the company would be as follows:
Costs Avoided
Direct Materials: $4.00 x 16,800 units = $67,200Direct Labor: $4.70 x 16,800 units = $79,360Variable Overhead: $7.70 x 16,800 units = $132,160Supervisor's Salary: $8.40 x 16,800 units = $140,320Allocated General Overhead: $6.00 x 16,800 units = $100,800Total Avoided Costs: $519,840Costs Incurred
Outside Supplier's Offer: $33.00 x 16,800 units = $552,400Total Additional Costs: $32,560The company should choose to buy part U67 from the outside supplier since it would result in a net savings of $519,840 ($552,400 - $32,560) in production costs.
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What is the Six Sigma data-driven quality strategy for designing products & processes?
a. Define, Measure, Analyze, Improve, and Control
b. Define, Measure, Analyze, Design, & Verify
c. Root Cause Analysis
d. Design for Manufacture
The Six Sigma data-driven quality strategy for designing products and processes is based on the DMAIC methodology which stands for Define, Measure, Analyze, Improve, and Control.
What do you mean by Six Sigma data-driven quality strategy?This approach involves defining the problem, gathering data to measure the extent of the issue, analyzing the data to identify the root cause of the problem, making improvements to the process or product, and finally controlling the new process or product to ensure that it continues to meet the desired quality standards.
Additionally, the Six Sigma methodology also incorporates the concepts of design for manufacture to ensure that products are designed in a way that optimizes their manufacturability and root cause analysis to identify the underlying causes of problems and prevent their recurrence in the future.
This approach is used to create new products and processes with a focus on quality and efficiency.
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Prepare an incremental analysis to show whether Alaska Flooring should discontinue the laminate flooring product line. Will discontinuing laminate flooring add $30,000 to operating income? Explain.
Incremental analysis is the process of comparing the incremental revenues and costs of alternatives in order to choose the best one. It compares the additional revenue, costs, and profit associated with each option under consideration.
It considers the difference in income or expenses between two options, or what will happen if a product or service is added or removed.
In this case, we must prepare an incremental analysis to demonstrate whether Alaska Flooring should discontinue the laminate flooring product line. The incremental analysis involves the following steps:
Step 1: Revenue generated from the laminate flooring product line If Alaska Flooring discontinues its laminate flooring product line, it will lose $220,000 in revenue, according to the company's most recent financial statements.
Step 2: Fixed Costs: The company will save $140,000 in fixed costs if it discontinues the laminate flooring product line.
Step 3: Variable Costs: The company will save $100,000 in variable costs if it discontinues the laminate flooring product line.
Step 4: Incremental Operating Income: Therefore, the incremental operating income is:
Incremental Operating Income = Incremental Revenue - Incremental Variable Costs - Incremental Fixed Costs Incremental Operating Income = -$220,000 - $100,000 - $140,000
Incremental Operating Income = -$460,000
The result indicates that if Alaska Flooring discontinues the laminate flooring product line, it will lose $460,000 in operating income.
So, in this case, discontinuing the laminate flooring product line will not add $30,000 to operating income.
This indicates that Alaska Flooring should not discontinue the laminate flooring product line.
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Product-level activities relate to specific products and typically must be carried out regardless of how many batches are run or units of product are made. (true or false)
True. Regardless of the quantity of units or batches generated, product-level activities are those that must be performed in order to manufacture a particular product or product line.
Activities that are required to develop and support a particular product or product line are referred to as product-level activities. Normally, these procedures are carried out regardless of the quantity of units produced or the number of batches executed. Product creation, testing, and costs associated with marketing and advertising a specific product are a few examples of product-level activities. Unit-level activities and batch-level activities, which are carried out for each batch of a product's production and for each unit of a product's production, respectively, are not the same as product-level activities. For accurate cost estimation, well-informed business choices, and effective management of the profitability of a certain product or product line, an understanding of product-level activities is crucial.
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ceri has always been passionate about fashion, so she went to fashion school to learn more about it and opened her own clothing boutique. she enjoys running her business and feels a deep sense of satisfaction every time she finds new styles to bring to her store. in this scenario, ceri is experiencing a(n)
In this scenario, Ceri is experiencing a sense of intrinsic motivation. This refers to the internal drive or desire to engage in a particular activity or behavior for its own sake or for the satisfaction it provides.
Ceri’s motivation to run her business comes from within, rather than from external factors such as monetary rewards or social status. She is motivated by the enjoyment she derives from discovering new styles and offering them to her customers.
This type of motivation is often associated with increased creativity, persistence, and overall well-being. Intrinsic motivation is considered more sustainable and long-lasting compared to extrinsic motivation.
This is because external rewards such as money, fame or status can eventually lose their appeal and lead to burnout. Intrinsic motivation, on the other hand, is self-sustaining, as it stems from an individual’s own interests, values, and passions
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