When the management of a business is conducted by individuals other than the owners, the business is most likely to be a corporation.
Corporation is an artificial person that is created by a group of people that is separated from the people who have created it. It is created by the authority of law and is a separate entity from the individuals who have created it. A corporation is the most formal business structure.
It is a legal entity that is separate from its owners. It is an entity that is created by law that acts as a separate entity from the people who have created it.The people who own the corporation have limited liability in it. They only lose the amount of money that they have invested in the corporation.
Corporations have a lot of advantages and disadvantages as a type of business. The corporation's advantages include limited liability, easy access to capital, and perpetual existence. Its drawbacks are that it's heavily regulated, expensive to form, and requires a lot of formalities to be maintained.
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what does australia lead the world in producing and exporting
Australia is one of the world's leading exporters of coal, iron ore, lead and diamonds.
Australia is an export nation, accounting yearly exports of around $195 billion and importing roughly $187 billion each year. The country has achieved a positive (surplus) trade balance of around $8 billion.
Ores contribute roughly 23.5% of Australian exports. According to official data, iron ore is the country’s largest source of export revenue.
The primary manufacturing industry is one of the major significant industry in Australia. It consists of - Meat and meat products, Beverage and malt manufacturing, Dairy products, etc.
It has abundance of resources like - Iron ore, Nickel, Copper, Diamond, Rare earth minerals, etc.
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when considering forward-looking guidance, the audit committee should understand management's processes for all of the following except group of answer choices hiring and training personnel. developing assumptions and estimates. ensuring management judgments are reasonable. accumulating guidance information.
When considering forward-looking guidance, the audit committee should understand management's processes but not for D. accumulating guidance information.
What should an audit committee look for in hiring ?Hiring and training personnel, for example, is important because it can impact the expertise and experience of those responsible for developing forward-looking guidance.
Developing assumptions and estimates is critical for ensuring that the guidance is based on reasonable and supportable assumptions, while ensuring management judgments are reasonable is important for maintaining the integrity of the guidance.
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when consumers evaluate product alternatives on the basis of desired characteristics and how valuable each characteristic is to them, it is referred to as .
"When consumers evaluate product alternatives on the basis of desired characteristics and how valuable each characteristic is to them, it is referred to as choice criteria." Option B is the correct answer.
Choice criteria is a term used to describe the process by which consumers evaluate different products based on their desired characteristics and the perceived value of each characteristic. In this process, consumers consider various features of a product and assign different levels of importance to each of these features based on their personal preferences and needs.
For example, when choosing a new smartphone, consumers may prioritize factors such as camera quality, battery life, storage capacity, and price. By considering these criteria, consumers can make informed decisions that align with their specific needs and preferences, ultimately leading to higher levels of satisfaction with their purchase.
This question should be provided as:
When consumers evaluate product alternatives on the basis of desired characteristics and how valuable each characteristic is to them, it is referred to as _____.
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poland requires 4 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. the czech republic requires 6 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. the international price of wheat must fall between which of the following two prices?
The price of wheat on the international market must be equal to the cost of production of wheat in the two nations. As a result, the price of wheat on the global market must range between 4 and 6 tonnes of coal.
What of the two following prices must the wheat market price fall between?In Poland, a tonne of coal required 4 hours of effort to manufacture, whereas a peck of wheat just needs 1 hour. In the Czech Republic, a tonne of coal takes 6 hours of hard work to manufacture, whereas a bushel of wheat just needs 1 hour.
Opportunity costs are the expenses of giving up the next best option in order to take a particular course of action. The quantity of coal which might have been created using the identical amount of labour in this instance is the economic cost of producing wheat.
Producing 1 grain of wheat in Poland has an opportunity cost of 4/1, or 4 tonnes of coal.
The potential price for growing 1 bushel wheat wheat in the Czech Republic is 6/1, or 6 tonnes of coal.
The Czech Republic could have generated more lignite using the identical amount of work, so growing wheat has a larger opportunity cost.
So, it stands to reason for Poland to specialise in producing grain and trading for coal, whereas the Czech Republic concentrates in producing petroleum and trading for wheat.
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gaap allows for companies to elect to account for most assets and liabilites at fair value ofn the balance sheet. which is an exception?
GAAP allows for companies to elect to account for most assets and liabilities at fair value on the balance sheet. However, the exception is the following: If a company owns land, it can account for it at the fair value of the land only if the land is held for sale.
Otherwise, the land must be accounted for at its historical cost in accordance with GAAP. However, companies that have certain types of assets, such as trading securities, are required by GAAP to account for them at fair value.
Therefore, the exception to GAAP allowing companies to elect to account for most assets and liabilities at fair value on the balance sheet is that if a company owns land, it can account for it at the fair value of the land only if the land is held for sale.
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Complete question:
GAAP allows for companies to elect to account for most assets and liabilities at fair value on the balance sheet. What is an exception?
stocks ben and zer are each currently priced at $111 per share. over the next year, stock ben is expected to generate significant benefits whereas stock zer is not expected to generate any benefits. there are no carrying costs associated with holding either stock over the next year. compared with zer, the one-year forward price of ben is most likely: lower. the same. higher.
The one-year forward price of stock Ben is most likely higher than that of stock Zer due to the expected significant benefits associated with Ben over the next year.
This is because investors will generally be more likely to purchase stock Ben over stock Zer due to the expected increase in value and profits that it will provide. Thus, the demand for stock Ben will be higher than that of stock Zer, which will lead to an increase in its price. Furthermore, since there are no carrying costs associated with holding either stock over the next year, investors will likely be willing to purchase stock Ben for the longer term, resulting in a further increase in its price.
In conclusion, since stock Ben is expected to generate significant benefits over the next year, while stock Zer is not expected to generate any benefits, the one-year forward price of Ben is most likely higher than that of Zer. This is due to the higher demand and expectation of profits associated with stock Ben, which will result in an increase in its price compared to that of stock Zer.
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how is the gdp deflator calculated? place the labels in the correct locations to produce the equation for the gdp deflator. then, answer the multiple choice question.
The formula to calculate GDP Deflator is:
GDP Deflator = (Nominal GDP / Real GDP) x 100%
The GDP Deflator is a measure of the inflation rate of an economy.
The calculation of GDP Deflator involves dividing the nominal GDP of a nation by the real GDP of that nation and then multiplying by 100%. By comparing nominal and real GDP, it is possible to calculate the GDP deflator.
The main purpose of the GDP deflator is to analyze the extent of changes in prices over time.
To illustrate, let's assume that the nominal GDP of an economy is $10,000 and the real GDP is $8,000.
GDP Deflator = (Nominal GDP / Real GDP) x 100% = ($10,000 / $8,000) x 100% = 125%
Therefore, the GDP deflator is 125%.
This indicates that the general price level in the economy has increased by 25%.
The GDP deflator is used to adjust nominal GDP to real GDP, thereby factoring in the inflation effect on the economy. This measure allows us to compare the economic growth of different years or quarters. It also helps to identify the difference between nominal and real GDP, which is important for public policy decisions.
The GDP deflator is a more comprehensive measure of inflation, as it covers all domestic goods and services.
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ch 4: because of the internet and e-commerce, all parts of the value chain can immediately know and react to changes in demand and supply. thus, tight integration is no longer required. true false
False. The internet and e-commerce have revolutionized the way businesses interact with their customers, but it does not eliminate the need for tight integration in the value chain.
While customers can now quickly adjust their demand based on real-time market conditions, businesses still need to manage their supply chain in order to deliver the necessary products to meet customer demand.
The internet and e-commerce merely allow businesses to manage and adjust their supply chain in a more efficient manner, while still requiring tight integration in order to remain profitable and efficient.
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True or False: Market forces determine interest rates based ultimately on the willingness of individuals, banks, and firms to borrow, save, and lend.
The statement market forces determine interest rates based ultimately on the willingness of individuals, banks, and firms to borrow, save, and lend is true because the willingness of individuals, banks, and businesses to borrow, save, and give ultimately determines the interest rate set by market forces.
The demand for interest rates will rise if people have more ability to save because they can make higher interest rates. Interest rates are set by market forces, who eventually take into account how willing consumers, banks, and businesses are to borrow, save, and lend. The cost of being able to turn future loan payments into cash today when you borrow money is represented by the interest rate on the loan. They also take into account the loan rates levied by rivals.
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business organizations must address the legitimate needs and expectations of stakeholders because a. stakeholders force them to. b. it is the right thing to do. c. they will need to, in order to be successful in the long run. d. it is required by law.
The correct answer is b - it is the right thing to do. Business organizations have a responsibility to address the legitimate needs and expectations of their stakeholders, not only out of ethical considerations, but also because it is in their own best interest in the long run.
Stakeholders, however, can also force organizations to meet their expectations through public pressure or through legal action.Option B: it is the right thing to do.Business organizations must address the legitimate needs and expectations of stakeholders because it is the right thing to do. Stakeholders are individuals or groups that are affected by the activities of the company.
They include employees, shareholders, customers, suppliers, and the wider community in which the company operates.Business organizations must address the legitimate needs and expectations of stakeholders to maintain their confidence and trust. The following are some reasons why businesses must address the legitimate needs and expectations of stakeholders:It is the right thing to doBusinesses have a moral and ethical responsibility to address the legitimate needs and expectations of stakeholders. When businesses don't do so, they may be seen as unethical or immoral, which can harm their reputation and the public perception of their brand.
They will need to in order to be successful in the long Businesses must address the legitimate needs and expectations of stakeholders because it helps them to be successful in the long run. When businesses don't address the legitimate needs and expectations of stakeholders, they may lose their customers or employees to competitors who do.It is required by lawBusinesses must address the legitimate needs and expectations of stakeholders because it is required by law. Some regulations, such as health and safety regulations and environmental regulations, require businesses to address the needs and expectations of stakeholders.
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a sporting apparel manufacturer that produces t-shirts to commemorate significant athletic achievements for proud students and alumni probably use a:
A sporting apparel manufacturer that produces t-shirts to commemorate significant athletic achievements for proud students and alumni would most likely use a printing process, such as screen printing, to create the t-shirts.
The sporting apparel manufacturer would most likely use a printing process such as screen-printing, digital printing, or direct-to-garment printing to produce t-shirts to commemorate significant athletic achievements for proud students and alumni. Screen-printing is the most common printing process used, in which a stencil-like template is created from a film positive and then pressed onto the fabric to create the desired design. Digital printing uses inks that are printed directly onto the fabric, while direct-to-garment printing uses a printer to print the design directly onto the fabric.
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what do you recommend paula do now? are there any key follow-up activities she should undertake to get another opportunity
Paula should start by researching the company and position she is interested in to get a better understanding of the expectations and responsibilities associated with the role.
She should then reach out to her professional contacts who may have more insight into the hiring process and/or who may be able to provide a referral.
Paula should also update her resume, professional portfolio, and/or any other materials that may be useful when applying for the position. Finally, she should be sure to stay proactive and to continue networking and staying up-to-date with industry trends and news.
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rue or false: keeping his maximum willingness to pay for a loft house in mind, nick will not buy the loft house because it would be worth less to him than its market price of $165,000. true false
It is false that keeping his maximum willingness to pay for a yacht in mind, Dmitri will buy the yacht because it would be worth more to him than its market price of $105,000.
Ability to pay also affects demand. You lack an effective demand if you are unable to pay for it. The demand curve's starting point is this idea of a consumer's willingness to pay (WTP).
A consumer's marginal benefit determines how much they are willing to spend (MB). If we want to apply marginal analysis, this information is helpful.
Consumers use marginal analysis, sometimes known as "thinking on the margin," to determine whether or not to purchase an extra unit. Making a decision involves taking into account the additional benefits and costs of a course of action.
Hence, when we state that a consumer is willing to spend x dollars on a different commodity, we are actually indicating that they think they will get x dollars back.
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Correct question:
Suppose Dmitri is willing to pay a total of $70,000 for a yacht. True or False: Keeping his maximum willingness to pay for a yacht in mind, Dmitri will buy the yacht because it would be worth more to him than its market price of $105,000.
the fashion industry consists of four levels. the production of raw materials, the production of fashion goods, forms of advertising and promotion and ? fashion management fashion marketing retail sales supply chain
The fourth level of the fashion industry consists of C: Retail Sales.
The fourth level of the fashion industry is retail sales. After the production of raw materials, the production of fashion goods, and the various forms of advertising and promotion, the final step is the sale of the finished product to consumers. Retail sales involve the distribution of fashion goods to customers through various channels, such as brick-and-mortar stores, e-commerce websites, and mobile applications. Retail sales also involve the management of inventory, pricing strategies, and customer service.
Retailers play a crucial role in the fashion industry, as they connect producers with consumers and influence the demand for fashion goods.
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when the new style of basketball shoes comes out, everyone wants the new shoes. the old shoes don't seem so new anymore. the seller still wants to sell those older shoes, since he or she has a lot still in stock. this is defined by the law of
This is defined by the law of demand.
The law of demand states that when the price of a good or service decreases, the quantity demanded for that good or service will increase, and vice versa. In the scenario described, the demand for the older basketball shoes decreases as the new style of shoes becomes more popular and desirable. The seller may still want to sell the older shoes, but they will likely need to lower the price in order to attract buyers who may be more interested in the newer shoes.
The law of demand also implies that as the price of the older shoes decreases, the quantity demanded may increase, although this may be limited by factors such as consumer preferences and the availability of other substitutes.
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a circle centered at the origin has a radius of 12. What is the equation of the circle?
A team of researchers is diving to the ocean floor to study seaweed and fungi. Which zone oz the ocean are they going to explore?
The equation of the circle is x^2 + y^2 = 144. The abyssal plain is the zone of the ocean in which seaweed and fungi are present.
The equation of a circle centered at the beginning with radius r is given via:
x^2 + y^2 = r^2
In this case, the circle has a radius of 12, so the equation of the circle is:
x^2 + y^2 = 12^2
Simplifying this equation gives:
x^2 + y^2 = 144
The abyssal plain refers to the vast and relatively unexplored region of the deep ocean floor that lies below 2,000 meters (6,500 feet) in depth. This zone is characterized by extreme darkness, cold temperatures, high pressure, and a lack of nutrients, which makes it difficult for most forms of life to survive. Despite these inhospitable conditions, the abyssal area is home to a diverse array of unique and specialized organisms, including deep-sea fishes, squids, and invertebrates such as giant tube worms and sea cucumbers.
The study of this zone is important for understanding the Earth's oceanic ecosystems, geology, and climate, as well as for discovering new species and sources of valuable resources such as minerals and hydrocarbons. However, due to the difficulties of exploring and sampling this deep and remote area, much of the abyssal zone remains largely unexplored and mysterious.
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knowledge check 01 which of the following statements about pension plans are true? (select all that apply.) check all that apply employees covered by defined contribution pension plans choose where funds are invested. employees covered by defined contribution pension plans choose where funds are invested. the retirement pay of employees covered by defined benefit pension plans depends on the size of the fund at retirement. the retirement pay of employees covered by defined benefit pension plans depends on the size of the fund at retirement. employers who offer defined benefit pension plans are responsible for ensuring that sufficient funds are available to provide promised benefits. employers who offer defined benefit pension plans are responsible for ensuring that sufficient funds are available to provide promised benefits. defined contribution pension plans promise fixed retirement benefits defined by a designated formula.
The two main types of pension plans are defined contribution plans and defined benefit plans. Both types of pension plans have different features and responsibilities for employers and employees.
Defined contribution pension plans allow employees to choose where their funds are invested. The employees' retirement pay is based on the amount of contributions made to their pension account and the growth of their investments.
Employers do not have any responsibility for ensuring that the employees have sufficient funds for retirement.
Defined benefit pension plans provide fixed retirement benefits defined by a designated formula. The retirement pay of employees is based on the size of the fund at retirement, and the employers are responsible for ensuring that sufficient funds are available to provide the promised benefits.
In summary, employees covered by defined contribution pension plans choose where funds are invested, while employees covered by defined benefit pension plans receive retirement pay based on the size of the fund at retirement.
Employers who offer defined benefit pension plans are responsible for ensuring that sufficient funds are available to provide promised benefits.
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the minimum possible expenditure of capital and other resources in order to bring an entrepreneurial idea to market is known as: a. lean business practices b. affordable loss c. bootstrapping d. leveraging contingencies
The minimum possible expenditure of capital and other resources in order to bring an entrepreneurial idea to market is known as bootstrapping. Therefore, alternative c. is correct.
Bootstrapping involves using a combination of personal savings, bartering and using resources from one's own network to start a business without taking out any loans or investments. This approach is useful as it minimizes risk, allowing entrepreneurs to make mistakes without facing significant losses.
It also provides a chance to be creative in one’s approach and to develop skills that are necessary for success. Some of the strategies used in bootstrapping include utilizing free resources, such as open source technology, negotiating with suppliers, looking for discounted goods and services, and using existing resources to their fullest potential.
In conclusion, alternative c. bootstrapping is correct.
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which of the following would impact the natural rate of unemployment? group of answer choices the availability of job information all answer options a workplace safety policy that raises business operation costs a penalty fee for businesses that fire or layoff workers
B. all answer options, would impact the natural rate of unemployment.
The minimum unemployment rate that is constant with stable prices in the economy. The natural rate of unemployment is influenced by various factors that include job search process, technology, structural changes, and public policy. which suggests that all answer options would impact the natural rate of unemployment.
The following are ways through which various options would impact the natural rate of unemployment. The availability of job information: When there is a high availability of job information, it would decrease the natural rate of unemployment. This is because it would increase job matching as individuals can easily apply for jobs that match their qualifications and interests.
A penalty fee for businesses that fire or layoff workers: A penalty fee would discourage businesses from laying off or firing workers, and this would increase the natural rate of unemployment. This is because businesses would retain workers even if they don't need them, leading to a decrease in job opening rate. Therefore the correct option is B. all answer options would impact the natural rate of unemployment.
The Question was Incomplete, Find the full content below :
which of the following would impact the natural rate of unemployment? group of answer choices
a. the availability of job information
b. all answer options
c. a workplace safety policy that raises business operation costs
d. a penalty fee for businesses that fire or layoff workers
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if the marginal propensity to consume is .75, and the federal government increases spending by $100 billion, the income expenditure model would predict that real gdp will increase by:
Answer: The income-expenditure model predicts that real GDP will increase by $400 billion if the marginal propensity to consume is .75 and the federal government increases spending by $100 billion.
The marginal propensity to consume refers to the proportion of additional income that is spent rather than saved by a consumer. The consumption function is used in the income-expenditure model to describe how consumers adjust their spending as their income varies.
An increase in government spending has a multiplier effect on the economy. The multiplier effect occurs when a change in spending results in a change in real GDP greater than the change in spending.
The formula for the multiplier effect is the inverse of the marginal propensity to save.
As a result, the higher the marginal propensity to save, the lower the multiplier effect. As a result, the higher the marginal propensity to consume, the greater the multiplier effect.In this scenario, the marginal propensity to consume is .75, which is fairly high.
As a result, the multiplier effect will be significant.
The formula for the multiplier effect is
Multiplier effect = 1 / (1 - a marginal propensity to consume)
Multiplier effect = 1 / (1 - 0.75)
Multiplier effect = 4
The multiplier effect of government spending is 4, indicating that a $100 billion increase in spending will result in a $400 billion increase in real GDP.
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what primary factors contribute to the complexity of calculating the total cost of ownership (tco) when migrating to the cloud? select the two correct answers.
You should think about all the operating costs of running your own data center, including electricity, cooling, maintenance, and other support services, in addition to the prices for hardware and software.
What main elements add to the difficulty of determining total cost of ownership?
Another issue is that it is challenging to estimate the range of operational expenses for every piece of IT equipment; some hidden cost elements, including depreciation and warranty, are easily neglected or improperly compared amongst products. A management accounting concept called total cost of ownership (TCO) calculates an asset's entire cost throughout the course of its useful life.
It covers the asset's acquisition price as well as any ongoing maintenance and operating expenses. The purchase price, maintenance, and lifetime operational expenses are taken into consideration while calculating the TCO. For instance, in addition to the initial software purchase, the total cost of ownership for new software typically includes training costs, hardware, installation, customization, and data transfer.
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which of the following would not be considered a group? which of the following would not be considered a group? the employees at a fast-food restaurant the faculty members of the english department at your college the people who shop at a mall the organizers of the chicago marathon
Answer:
the people who shop at a mall. Hopefully, I correctly answered your question! If I did, I would really appreciate Brainliest. You can give Brainliest by clicking the crown (it only works if there’s two people who answered.) I would also appreciate if you rated my answer 5 stars, and clicked the heart!
The people who shop at a mall would not be considered a group.
What is a group?A group is a collection of people or objects that are located near each other or are considered or classified as a unit. A group is a collection of individuals, organizations, or things that are considered together because they share a characteristic.
Effective Group Characteristics
1. The group's objectives are well known.
2. The members of the group operate well together.
3. A sense of "belonging" to the community exists.
4. There is a shared feeling of responsibility for the group's success.
5. Group members are able to converse openly.
6. Members of the organization are open to hearing and respecting opposing viewpoints.
7. The introduction of novel ideas aids in the retention of interest and motivation.
Therefore, the people who shop at a mall do not possess any of the characteristics of a group.
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26. if a united states savings bond can be purchased for $-38.50 (cash outflow), has a maturity value of $100 (cash inflow), and the compounding annual rate of return on the bond is 4.15%, how long will it take the bond to be worth $100 (how many years to maturity)?
If a United States savings bond can be purchased for $-38.50 (cash outflow), has a maturity value of $100 (cash inflow), and the compounding annual rate of return on the bond is 4.15%, It will take the bond 8.4 years, to be worth $100 (how many years to maturity).
To calculate this, we can use the present value formula:
PV = FV / (1 + r)^n where PV = present value, FV = future value, r = rate of return, and n = number of years to maturity.
Plugging in the values from the question:
-38.50 = 100 / (1 + .0415)^n
-38.50 * (1 + .0415)^n = 100
(-38.50 * (1 + .0415)^n) / 100 = 1
Now take the natural logarithm of both sides:
ln((-38.50 * (1 + .0415)^n) / 100) = ln(1)
ln(-38.50 * (1 + .0415)^n) - ln(100) = 0
Now solve for n:
n = (ln(-38.50 * (1 + .0415)^n) - ln(100)) / ln(1 + .0415)
n = 8.4 years.
Therefore, It will take the savings bond 8.4 years to be worth $100.
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true or false: one component of asset and cost surgery for a mature company is to outsource production when market prices are less than in-house production costs.
True. Asset and cost surgery for a mature company can involve outsourcing production when market prices are less than in-house production costs. This process is beneficial for a business as it allows them to reduce expenses while still obtaining the same quality products or services.
Outsourcing production can help lower overhead costs, such as labor costs and materials, while still providing the same quality products or services. It also provides access to a wider range of resources, such as specialized skills or technology.
This can result in increased efficiency and higher quality output. In some cases, the business may even be able to take advantage of economies of scale, resulting in further cost savings. Asset and cost surgery can be a powerful tool for mature companies, allowing them to remain competitive while reducing their expenses.
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while examining an organization, a communication consultant notices that all the employees wear jeans and t-shirts to work everyday this is an example of an organizational... a. developmental process. b. espoused value c. artifact. d. assumption.
The communication consultant noticed that all the employees wear jeans and t-shirts to work every day, which is an example of an organizational artifact. The option C is correct.
What's organizational artifactAn organizational artifact is a physical manifestation of an organization’s culture, beliefs, and values. In this case, the organization’s culture and values are that it is casual and comfortable, as seen by the choice of attire.
It could also be seen as a form of dress code for the employees. Espoused values are the values that an organization formally states as part of its mission and/or values statement.
Developmental process is a set of planned activities designed to bring about change in an organization. Assumption is an idea or belief that is taken for granted and accepted as true without any proof.
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A decision is made to add a Logistics Section. Select the responsibility that would be assigned to the Logistics Section called___
When a decision is made to add a logistics section, the responsibility that would be awarded to this section is the management of the flow of goods and services, transportation, and storage.
Logistics is a business operation that entails the transportation, storage, and distribution of goods and services in order to meet customer or business requirements. In a nutshell, it's the management of the flow of things from point A to point B. A logistics section is in charge of ensuring that goods and services are delivered to their final destination efficiently, cost-effectively, and on time. The tasks of the logistics section are as follows:
1. Managing the flow of goods and services - The logistics section oversees the transportation of products and services to and from warehouses, factories, or other locations. They must ensure that the necessary equipment is available to move products and that they are transported efficiently.
2. Cost management - The logistics section is responsible for managing transportation and storage expenses. This involves determining the most cost-effective methods of transporting goods and finding the best storage locations to save costs.
3. Customer service - The logistics section is responsible for ensuring that goods and services are delivered to their final destination on time and in good condition. They must also have a system in place to handle complaints and inquiries regarding shipments.
4. Inventory control - The logistics section is responsible for keeping track of the number of goods in stock, monitoring inventory levels, and ordering new products when needed.
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by creating consumer wants, advertising and other marketing practices violate multiple choice consumer autonomy. free market economy. rights-based ethical tradition. consumer demand.
By creating consumer wants, advertising and other marketing practices violate consumer autonomy.
Advertising and other marketing practices create consumer wants by exposing consumers to new products and services, persuading them to purchase and use them, and stimulating demand for those products and services.
This violates consumer autonomy because consumers may be unaware of their options or of the potential implications of their decisions, as well as their rights. It also violates the free market economy by distorting competition by creating monopolies or oligopolies and creating artificial needs.
Finally, it violates the rights-based ethical tradition because consumers may be forced to make decisions based on economic and other factors, rather than their own moral principles.
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nina is a high-performing individual who works best alone. which of the following companies is the most appropriate for her? group of answer choices a company that pays all its employees the same amount of money a company that pays its employees based on their seniority rather than their performance a company that uses an egalitarian pay structure a company that uses a hierarchical pay structure to pay its employees based on performance
Nina, being a high-performing individual, will benefit the most by working in a company that uses a hierarchical pay structure to pay its employees based on performance.
A hierarchical pay structure is the compensation plan in which the employee's position or level determines their compensation. This pay structure is most commonly used in the corporate world.
The seniority-based payment structure, in which an employee is paid more based on their years of service rather than their performance, is out of the question since it is not based on Nina's work ethic.
The Egalitarian pay structure is based on the concept of equal pay for everyone, regardless of their position or work performance. In this case, high-performing employees like Nina may feel de-motivated since they would be paid the same amount as those who are not performing well. Therefore, an egalitarian pay structure is not appropriate in this case.
A company that pays all its employees the same amount of money is not feasible as it does not account for individual performance or work productivity. So, this option is also out of the question.
Therefore, the most appropriate company for Nina is a company that uses a hierarchical pay structure to pay its employees based on performance.
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on may 1, ida makes a written offer to miranda for the sale of ida's car. on may 2, ida mails miranda a letter revoking the offer. on may 3, ida telephones miranda to tell her that she is revoking the offer. on may 4, miranda learns that ida sold the car to chris. on may 5, ida's letter finally gets to miranda. ida's offer terminated on:
As per the given scenario, Ida makes a written offer to Miranda for the sale of Ida's car on May 1. On May 2, Ida mails Miranda a letter revoking the offer. On May 3, Ida telephones Miranda to tell her that she is revoking the offer. On May 4, Miranda learns that Ida sold the car to Chris. Finally, on May 5, Ida's letter gets to Miranda. Thus, Ida's offer was terminated on May 3.
An offer is a manifestation of willingness by one party to enter into a contract with another party, made to that other party, and communicated in such a manner that a reasonable person would think that the offering party is making an offer. An offer establishes the terms and conditions under which the offeror is ready to execute the contract if the offer is approved by the offeree.
The acceptance of an offer creates a contract. Therefore, an offer is a proposal made by one party (offeror) to another (offeree) to enter into a contract under specific terms and conditions. The offeror must be willing and able to form a legally binding agreement to make a valid offer.
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Suppose all firms in a perfectly competitive industry are earning an economic profit. One would expect that, over time, the number of firms in the industry will _ and the market price will ___A. rise; fall B. fall; rise C. rise; rise D. rise; stay the same
The correct option of the following is none:
we can expect that the number of firms in the industry will fall, and the market price will fall.
What is the perfectly competitive market?
In economics, a perfect market is a theoretical model that enables businesses to trade products without any limitations, such as taxes, tariffs, or regulations.
The following are the characteristics of a perfectly competitive market:
Many buyers and sellers A homogenous product Information on prices and quality is easily accessible. Individual companies have no control over prices or supply the companies are not regulated by the government.
How will the number of firms in the industry and the market price be affected?
The law of supply and demand governs the price and quantity of goods sold in a perfectly competitive market. As a result, when all companies in a perfectly competitive industry are making an economic profit, we can anticipate an increase in supply in the market as new companies enter the market. This excess supply will lead to a drop in prices as companies compete for clients.
In summary, when all firms in a perfectly competitive industry are earning an economic profit, we should expect that over time, the number of firms in the industry will fall, and the market price will fall.
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