Answer:
Balance of Suppliers Account is $2200 debit
Explanation:
It is important to know that the Supplies Account increases on the debit side and decreases on the credit side.
On 1 February the account was $ 3080 and this was a debit since it was an existing balance.
Purchase during the year by Bonita Industries increased the Supplies Account. A debit entry of $2640 must be recorded.
Used supplies during the year decrease the Supplies Account. A credit entry of $3520 must be made
There for the balance left $2200(3080+2640-3520) is still on the increase side (debit).Hence the answer $2200 debit is correct.
To find the end balance of Bonita Industries' supplies account for February, we calculate the opening balance plus purchases minus supplies used, resulting in a $2200 debit.
Explanation:To calculate the balance in Bonita Industries' supplies account at the end of February, we start with the opening balance and then adjust for the transactions made during the month. Bonita began February with a supplies balance of $3080. Over February, Bonita purchased additional supplies worth $2640 and used supplies amounting to $3520. To find the ending balance, we add the purchases to the opening balance and subtract the amount of supplies used.
The balance in the Supplies account at the end of February can be calculated as:
Beginning balance + Purchases - Used = Ending balance
$3080 + $2640 - $3520 = $2200 debit
$3080 (opening balance) + $2640 (purchases) - $3520 (used) = $2200. Therefore, the balance in the Supplies account at the end of February should be $2200 debit.
Therefore, the balance in the Supplies account at the end of February should be $2200 debit.
ABC Company has a pretax loss on Division X, a held-for-sale component, of $50,000. ABC Company is subject to a 30% income tax rate. What is ABC Company's after-tax loss on Division X?
Answer:
$35,000
Explanation:
Data provided in the question
Pre tax loss on sale of a component = $50,000
Income tax rate = 30%
So, the after tax loss on Division X is
= Pre tax loss on sale of a component - Pre tax loss on sale of a component × income tax rate
= $50,000 - $50,000 × 30%
= $50,000 - $15,000
= $35,000
We deduct the income tax rate from the pre tax loss so that the after tax loss could come
Rob Bill Berries 20 30 Fish 80 60 Rob Crusoe and Bill Friday spent their week-long vacation on a desert Island where they had to find and prepare their own food. Rob and Bill spent one day each fishing and picking berries. The table lists the pounds of output Rob and Bill produced. Use the table above to select the statement that accurately interprets the data in the table. A) Rob has an absolute advantage in picking berries and Bill has an absolute advantage in catching fish. B) Bill has an absolute advantage in picking berries and Rob has an absolute advantage in catching fish. C) Bill has an absolute advantage in picking berries and catching fish. D) Rob has an absolute advantage in picking berries and catching fish.
Answer:
B) Bill has an absolute advantage in picking berries and Rob has an absolute advantage in catching fish.
Explanation:
Absolute advantage in the manufacturing of a product means that more of that products are produced by the nation when compared with other countries with current or available resources.
Rob and Bill spent one day picking berries and catching fish here in the above scenario. Bill has picked more berries than Rob has. Rob caught more fish than Bill did.
Joe is working on a design team that uses a computer-aided design (CAD) system. Joe has been complaining that it takes too long to perform tasks such as panning, rotating, and zooming. You have been asked to look at Joe's computer and to make any changes required to increase Joe's productivity.
Answer:
Add a very high-end video board.
Explanation:
Joe used the CAD system for his work. Joe required A good video graphics card to run his CAD system easily.
High-end video graphics cards are normally used to increase the video performance of our system.
In the case of Joe, he needs a system that runs faster with the CAD program, because CAD is used for designing.
A pension fund manager is considering three mutual funds. the first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a t-bill money market fund that yields a rate of 6%. the probability distribution of the risky funds is as follows: expected return standard deviation stock fund (s) 21 % 28 % bond fund (b) 12 18 the correlation between the fund returns is 0.09. you require that your portfolio yield an expected return of 13%, and that it be efficient, on the best feasible cal.
a. what is the standard deviation of your portfolio? (round your answer to 2 decimal places.)
b. what is the proportion invested in the t-bill fund and each of the two risky funds? (round your answers to 2 decimal places.
Answer:
Standard deviation= 17.78
Proportion invested in Tbills= 0.65
Proportion of stocks in complete portfolio=0.346
Proportion of bonds in complete portfolio=0.303
Explanation:
On November 1, 2016, Cherry Industries, which uses a calendar year as its fiscal year, signs a $12,000, 7%, six-month note payable. Journalize the entry to record the payment of the note and entire interest on May 1, 2017.
Answer: please check the explanation section
Explanation:
note payable = 12000
interest expense = 12000 x 7/100= 840 x 6/12 = 420.
The journal entry for the payment of the 7 % note payable liability on 1 May 2017
Dr Interest Expense 420
Dr Notes Payable 12000
Cr Bank 12420
Astrid, a customer service representative with NorthTel Wireless Services, was asked by one of her customers if NorthTel would be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Astrid believes this is a very good idea and approached her manager, DeShawn, about becoming a chamber member. DeShawn said to Astrid, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." NorthTel is an example of an organization with:________.
a. work specialization.
b. unity of command.
c. line managers.
d. centralized authority.
e. decentralized authority
Answer:
NorthTel Wireless Services is an example of an organization with option B) Unity of Command
Explanation:
Unity of Command is a management theory that is used by small, medium, large scale businesses and government. It has a lot of advantages in comparison with others like Centralized, decentralized, line managers and work specialization.
Unity of command provides that an employee is responsible to only one supervisor, who in turn is responsible to another supervisor, and so on up the organizational hierarchy.
To to demonstrate how unity of command works from the bottom up. Consider NorthTel Wireless Services where Astrid, a customer service represnetative answers to her manager, DeShawn who in turn answers to another supervisor and so on.
When you are at the bottom rung and you supervise no one. However, you do answer to your unit supervisor, who answers to her department manager. The department manager answers to the vice president of operations, who answers to the CEO. The CEO answers to the chairman of the board of directors.
Answer:
D) centralized authority.
Explanation:
An organization that operates under a centralized authority, is one where most decisions are taken by upper management only. In this case, DeShawn needs to request permission for joining the chamber of commerce, and it really isn't that expensive, but the company probably has very strict parameters about what decisions middle or lower management can make. Usually all decisions are made by a small group of people that work in the company's headquarters.
Centralized organizations are the opposite of decentralized organizations, where employees are empowered to make most of normal day to day decisions and middle and lower management are able to make decisions regarding minor issues like this one.
Brennan Corporation's WACC is 10.00%, its end-of-year free cash flow (FCF1) is expected to be $75.0 million, the FCFs are expected to grow at a constant rate of 5.00% a year in the future. The company has 20 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock? Assume the firm has no debt or preferred stock outstanding.
Answer:
$75 million
Explanation:
Firm's value = FCF1 / WACC - growth
Equity Value = Firm's value - Debt value
Intrinsic value per share = Equity Value / Number of shares
Therefore Firm's value = $75.0 million / (0.10 - 0.05) = $1,500 million
Equity Value = Firm's value - Debt value = $1500 - 0 debt = $1,500 million
Intrinsic value per share = Equity Value of $1500 / 20 million shares =
$75 million
Answer:
$75 per stock
Explanation:
we can use the Gordon growth model to determine the price of the company:
company's total value = future cash flow / (WACC - growth rate)
company's total value = $75,000,000 / (10% - 5%) = $75,000 / 5%
company's total value = $1,500,000,000
to determine the price of each stock:
stock price = company's total value / total stocks outstanding
stock price = $1,500,000,000 / 20,000,000 million stocks = $75 per stock
Brenda is the CEO of a large corporation. While presenting a proposal to a commercial bank for a corporate loan, she offered the bank's commercial loan manager a $10,000 "gift" for favorable treatment. Is Brenda guilty of bribery?
A. Brenda is guilty of bribery because she is dealing with a commercial bank in the normal course of business.
B. Brenda is guilty of bribery whether the manager accepts or not because the offer constitutes the crime.
C. Brenda is not guilty of bribery.
D. Brenda is guilty of bribery only if the manager accepts because the crime has not occurred without acceptance by the other party.
Answer:
C) Brenda is not guilty of bribery.
Explanation:
Bribery can be defined as offering a payment (or paying) to a government official in exchange for a favorable treatment either regarding a personal or commercial issue. In this case, Brenda offered money to a person working in a private company, so she cannot be guilty of bribery.
Bribery is referred to as the illegal offering or receiving the value as the source to influence or manipulate the person to perform the illegal task or the crime. The offerer in this case gets criminally charged.
The correct option is C) Brenda is not guilty of bribery.
Option C) Brenda is not guilty of bribery is correct because bribery can be defined as offering a payment (or paying) to a government official in exchange for a favorable treatment either regarding a personal or commercial issue.
In this case, Brenda offered money to a person working in a private company, so she cannot be guilty of bribery.
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What is the remaining balance on a 30-year, $400,000 mortgage after 70 months? Assume monthly payments and a nominal rate (monthly compounding) of 5.90%.
Answer: The loan balance after 70 months will be $ 366184.45
Explanation:
r = 0.059/12
Present Value (Pv) = 400000
n = 30 x 12 = 360
Monthly Payments = rPv/(1 - (1+r)^-n)
Monthly Repayments = (0.059/12) x 400000/(1 - (1+0.059/12)^-360)
Monthly Repayments = 1966.66664/0.828926661 = 2372.5460074
Monthly Repayments = 2372.55
Loan Balance = PV(1+r)^n - P((1+r)^n - 1)/r
= 400000(1+0.059/12)^70 - 2372.55((1+0.059/12)^360 -1)/0.059/12
= 563849.79539 - 197665.34102 = 366184.4543
The loan balance after 70 months will be $ 366184.45
Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budget Selling and administrative budget Manufacturing overhead budget
Answer:
The following budgets are needed to calculate are as follows:
Direct labor budget
Direct materials budget
Manufacturing overhead budget
Explanation:
The three budgets put together are known as production budget which are as a result of sales budget.
When a company determines its projected sales ,it goes ahead to prepare its production budget in order to fulfill forecast sales as contained in the sales budget.The quantity to be manufactured is based on the opening inventory for the period, forecast sales quantity as well as the desired ending inventory quantity.
In order to determine production level,the opening inventory is added to forecast sales and desired ending inventory is subtracted to arrive at the estimated production units for the period.
Final answer:
Unit product costs are calculated using the Direct Labor Budget, Direct Materials Budget, and Manufacturing Overhead Budget. These provide the necessary cost details related to direct production expenses and overheads.
Explanation:
To calculate unit product costs, certain budgets are required for acquiring detailed cost information. Specifically, the Direct Labor Budget, the Direct Materials Budget, and the Manufacturing Overhead Budget are essential. These budgets help determine the direct costs and overhead costs associated with producing a single unit of product. The Direct Labor Budget includes the costs of employees who are directly involved in the production process. The Direct Materials Budget accounts for the raw materials used in the manufacturing of the product. The Manufacturing Overhead Budget comprises all the additional costs necessary for production that are not directly tied to direct labor or materials. This can include items such as utilities, depreciation, and maintenance expenses. The Cash Budget and the Selling and Administrative Budget are not typically used in the calculation of unit product costs, as they deal with cash flow and non-production costs respectively.
When Dr. Footcare developed and launched a revolutionary new walking shoe, he knew that during the introductory stage of the product life cycle (PLC) __________.
Answer:
needs a rapid skimming
Explanation:
Rapid skimming: Launching the product at a high price and high promotional level.
The product introduction phase generally includes a substantial investment in advertising and a marketing campaign focused on making consumers aware of the product and its benefits. Assuming the product is successful, it enters its growth phase. Demand grows, production is increased, and its availability expands.
During the introduction stage, you should aim to:
Establish a clear brand identity Connect with the right partners to promote your product Set up consumer tests, or provide samples or trials to key target markets Price the product or service as high as you believe you can sell it, and to reflect the quality level you are providingA man, who looked about 45 years old, gave a cashier at a grocery store the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) vouchers for some of the food he had just selected. Which conclusion can be drawn from this scenario?
Answer:
He has a teenage daughter that was pregnant or with a little child.
Explanation:
The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) vouchers are vouchers provided by the federal government to states to ensure that low income pregnant teenager or women, infants and children have access to supplemental food, healthcare, etc. This is in a bid to ensure that every pregnant woman, their children or infants are well taken care of and have access to better health system among other things.
These vouchers cater for over millions of people through their over 40,000 merchants all over the world.
Cheers.
Answer:
he has a child that is less than 5 years old
Explanation:
The WIC program was first set up by the US federal government in 1975 and is carried by the US department of Agriculture. There are four basic requirements that applicants for WIC must pass before obtaining any aid:
Categorical : only pregnant women and up to 6 weeks after giving birth, infants and children up to 5 years old.Residential : must live in the state at which they apply.Income : every state sets an income threshold level for WIC applicantsNutrition Risk: a health professional must determine that the applicant is under nutritional risk and therefore, needs assistance by the WIC program.In the US the average age for a first time father is 31 years old, so a man that appears to be 45 can easily be the father of a small child. The average age of a grandfather is 52. Biologically you can be a grandfather at 45, and even younger, but it is not normal, nor recommendable.
You can still use deferment or forbearance options after your loans are in default. True or False
Answer:
true
Explanation:
true
False. You cannot use deferment or forbearance after a student loan is in default; this is false. Loan servicers, due to their profit-oriented nature, are not forgiving of defaults. However, options like loan rehabilitation or consolidation can help restore eligibility for these programs in the future.
It is false that you can still use deferment or forbearance options after your loans are in default. When a student loan goes into default, the borrower loses eligibility for these options, which are intended to provide temporary relief from loan payments. Before a loan defaults, it's crucial to contact your loan servicer, the for-profit company that collects payments and maintains records for the Department of Education, to explore these options or to discuss alternative repayment plans.
Loan servicers, as for-profit entities, prioritize their profits and are tasked with ensuring the repayment of student loans. As such, they are not typically forgiving once a loan has reached default status, focusing on their contracts' profitability.
That being said, if your loan has defaulted, there are still steps that can be taken, such as loan rehabilitation or consolidation, which can help return the loan to good standing, thereby restoring eligibility for programs like deferment and forbearance in the future.
Brenda, the district manager for Beautiful Florist, told the store managers in her district that she needs the sales goals for next year. A new manager, Paula, said, "I am going to sell over $100,000 in flowers next year." Brenda later told Paula that "I need to know specifically, in each category, how much you plan on selling." Brenda's request for a specific answer is an example of a:________.
Answer:
SMART goal
Explanation:
SMART is an acronym that is used to guide businesses in the process of setting it's goals.
The acronym stands for S- specific, does the goal have particular purpose.
M- measureable, is the goal something that can be measured.
A- attainable, is it realistic to achieve.
R- relevant
T- time bound, has a set timeline.
In this instance Brenda is using SMART goal technique to evaluate the statement made by Paula. She wants to find out if her goal is specific.
Contributory negligence: a. can be a partial defense in product liability cases for negligence. b. is the same as comparative negligence. c. is no longer permitted as evidence in suits. d. none of the above
Contributory negligence can be a partial defense in product liability cases for negligence.
Option: A
Explanation:
In certain regions of jurisdiction of common law, contributory negligence is a safeguard against a negligence based allegation of torture. When eligible, the defense absolutely excludes claimants from any compensation when they respond by their own fault to their own damage. Thus it is a form of liability defense where the defendant may claim that a plaintiff has in some way participated to his own damages or liabilities. A complainant who is deemed to be "contributory incompetent" shall be disqualified from accepting an award of damages.
n the economy of Talikastan in 2015, consumption was $700, exports were $200, government purchases were $300, imports were $150, and investment was $400. What was Talikastan’s GDP in 2015? a. $1350 b. $1450
Answer:
b. $1450
Explanation:
The formula to calculate GDP is:
GDP = C + I + G + NX (X-M)
Where:
C = consumptionI = InvestmentG = government purchasesNX = Net Exports (Exports - Imports)X = ExportsM = ImportsNow, we plug the amounts into the formula:
GPD = 700 + 400 + 300 + 50 (200 - 150)
= 1,450
Chad is willing to pay $5.00 to get his first cup of morning latté; he is willing to pay $4.50 for a second cup. He buys his first cup from a vendor selling latté for $3.75 per cup. He returns to that vendor later in the morning to find that the vendor has increased her price to $3.90 per cup. Chad buys a second cup. Which of the following statements is correct? a. Chad’s consumer surplus on his second cup of latté was larger than his consumer surplus on his first cup of latté. b. Chad places a higher value on his second cup of latté than on his first cup of latté. c. Chad’s willingness to pay for his second cup of latté was smaller than his willingness to pay for his first cup of latté. d. Chad is irrational in that he is willing to pay a different price for his second cup of latté than what he is willing to pay for his first cup of latté.
Answer:
C. Chad's willingness to pay for his second cup of latte was smaller than his willingness to pay for his first cup of latte.
Explanation:
Consumer surplus refers to the excess of price a consumer is willing to pay for a good over the price he actually ends up paying.
In the given case, Chad was willing to pay $5 for his first cup of latte. He bought the first cup for $3.75.
Thus, his consumer surplus for the first cup he purchased = $5 - $3.75
= $1.25
Similarly, his consumer surplus for the second cup of latte he purchased being, = $4.5 - $3.90
= $0.6
As can be seen, his consumer surplus has fallen in case of the second cup and also by the concept of diminishing marginal utility by which utility derived after each successive unit of consumption falls, Chad was willing to pay lesser i.e $4.5 instead of $5 for the second cup of latte.
Hence, Chad's willingness to pay for his second cup of latte was smaller than his willingness to pay for his first cup.
When the increase in price for a new video game is 10%, the increase in quantity supplied of that new video game is 60%. What is the price elasticity of supply for that video game?
Answer:
Price elasticity of supply is 6.
Explanation:
Price elasticity of supply measures the responsiveness of supply to the change in the price of the product. We can calculate the price elasticity by following formula:
Price elasticity to supply = % Change in supply / % change in price
Price elasticity to supply = 60% / 10%
Price elasticity to supply = 6
Answer:
The price elasticity of supply of the video game is +6
Explanation:
Price elasticity of supply is used to show the responsiveness of the quantity of goods supplied by a producer to the changes in price. It essentially tells the ratio of the change in quantity supplied to the change in price. In reality, the Price elasticity of supply (PES) is never negative, but can be zero; perfectly inelastic to an infinity value; perfectly elastic.
mathematically, it is represented as;
PES = (% change in supply) ÷ (% change in price)
∴ PES = 60 ÷ 10 = 6 or +6
How much consumer surplus will she enjoy? Assume that the student will purchase bags up to, but not including, the point at which she incurs a loss of consumer surplus. $ in consumer surplus.
Answer:
The student must purchase the number of items in which the price exceeds the ability of the student to pay.
The number of bags he will purchase at the price of $4, is 2, because the willingness to purchase is $4.
The solution is therefore 2 sachets of jelly beans.
Whenever the student eats 2 bags of jelly beans at $4, the consumer surplus is determined as follows;
Consumer Surplus
= ($5-$4) + ($4-$4)
= $1.
Final answer:
Consumer surplus measures the difference between what consumers are willing to pay and what they actually pay, indicating the monetary gain from transactions. Scenarios provided show no consumer surplus, meaning consumers pay the value they place on the products. Calculating changes in surplus requires information on consumer valuation and price changes.
Explanation:
Consumer surplus is a key concept in microeconomics that measures the difference between what consumers are willing to pay for a good or service and what they actually pay. To calculate consumer surplus, we subtract the purchase price from the value the consumer places on the product. For example, if a consumer values a sandwich at $12 but pays $8, the consumer surplus is $4. This idea extends to market transactions where multiple units are purchased, and the surplus can additionally be analyzed in scenarios where prices change or different quantities are bought.
In the scenarios provided, it's indicated that the consumer surplus is $0 across different bundle sizes and prices. This suggests that in these cases, consumers are paying exactly what they value the bundles at, leaving no surplus. However, when considering individual transactions where a consumer values the product more than its price, like the sandwich example, the surplus is tangible. Calculating changes in consumer surplus due to price adjustments involves comparing the surplus before and after the price change.
For example, if the market price of a product is $20 and increases by $5, to calculate the change in consumer surplus, we would need information on consumers' valuation of the product at these prices. Unfortunately, without specific valuations or demand curve data for the increase scenario, we cannot calculate the exact change.
Three sources of flexibility in completing primary and support activities are particularly useful for firms using the integrated strategy. These are:______.a. flexible manufacturing systems, re-engineering, and total quality management. b. outsourcing, re-engineering, and flexible manufacturing systems. c. outsourcing, total quality management, and information networks. d. flexible manufacturing systems, total quality management, and information networks.
Answer: option (A). flexible manufacturing systems, re-engineering, and total quality management.
Explanation: Three sources of flexibility in completing primary and support activities are particularly useful for firms using the integrated strategy. These are :- Flexible Manufacturing Systems, Reengineering, and Total Quality Management.
Harmonization of accounting standards:_______. A. Is the same as convergence of accounting standards.B. Always ensure resulting of comparable financial statements internationally.C. Forces accounting difference to be resolved through litigation.D. Refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.
Answer:
the correct answer is D. Refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.
Explanation:
The harmonization refers to having a high degree of variation or flexibility in the accounting standards. this allows the standard to be implemented by many organizations in various scales, sizes and industries without affecting their financial performance.
Even though he is not a manager, Mr. Brate is the one to see in the company when there is something you need. He will get it quickly, and can avoid the red tape that often delays action. Mr. Brate is also the one to see if you need advice or help. Mr. Brate is an important member of the firm's _________.
Answer:
Informal organization
Explanation:
The informal organization is the interlocking social structure that governs how people work together in practice. It is the aggregate of norms, personal and professional connections through which work gets done and relationships are built among people who share a common organizational affiliation or cluster of affiliations. It consists of a dynamic set of personal relationships, social networks, communities of common interest, and emotional sources of motivation. The informal organization evolves, and the complex social dynamics of its members also.
Mr. Brate exemplifies the vital role of informal organization in a company, using his networking skills to facilitate tasks and sidestep bureaucratic delays. His role underlines the importance of interpersonal relationships in achieving business objectives.
Explanation:Mr. Brate is an important member of the firm's informal organization. Even though he is not a manager, his ability to efficiently obtain resources and provide advice or help makes him a valuable asset. He plays a crucial role in the networking within the company, acting as a facilitator for tasks that might otherwise be bogged down by bureaucracy. This sort of role is key in the context of business operations because it emphasizes the importance of interpersonal relationships and the ability to navigate organizational structures to achieve objectives. According to the given statement, Mr. Brate exemplifies how vital informal connections are within a company’s ecosystem, particularly when dealing with project facilitation and problem-solving.
Patagonia managers look for employees who actively participate in the sport they design products for (i.e. a surfboard shaper has to love to surf). Requiring this passion and experience is part of the
Patagonia managers look for employees who actively participate in the sport they design products for as part of their hiring strategy.
Explanation:In this case, the subject of the question is Business.
Patagonia managers look for employees who actively participate in the sport they design products for because it is part of their hiring strategy to ensure that the employees have a deep understanding and passion for the sport. By hiring individuals with a personal connection to the sport, Patagonia can create products that meet the needs and preferences of their target customers. For example, a surfboard shaper who loves to surf will have insider knowledge of what makes a great surfboard, which can lead to the creation of high-quality products.
This practice helps Patagonia maintain a competitive edge in the market by offering products that are not only functional but also resonate with the target audience, resulting in higher customer satisfaction and loyalty.
The crowding-out effect implies that restrictive fiscal policy will increase aggregate demand and employment. lead to a significant increase in the natural rate of unemployment. be highly effective against inflation. reduce real interest rates.
The crowding-out effect implies that restrictive fiscal policy will reduce real interest rates.
Option: D
Explanation:
The crowding out effect is the circumstances where greater interest rates consequences gives output of a decline in private investment expenditure so as to dampen the initial rise in overall investment expenditure. Authorities often embraces a restrictive fiscal-policy approach and raises spending to stimulate economic activity. This contributes to interest-rate rises. Higher interest rates have a impact on private investment choices. A high magnitude of the crowding-out impact can also result in lower economic revenue.
What variables have to be considered in designing the organizational structure for international operations? how do these variables interact, and which do you think are most important? 2. explain the need for an mnc to "be global and act local." how can a firm design its organization to enable this? 3. what is a transnational organization? since many large mncs are moving toward this format, it is likely that you could at some point be working within this structure. how do you feel about that? 4. discuss the implications of the relative centralization of authority and decision making at headquarters versus local units or subsidiaries. how would you feel about this variable if you were a subsidiary manager?
A company can be a MNC's only if the entity has sufficient funds to rely back upon
Explanation:
1. Operating cost , Product demand . As these variables help the company to have decision making for the working of the Business
2. Need- Most important is to reach out to the demand of the customers geographically .
3, Transnational Organisation- They are those that " transcend" the idea of nation state.
4. As a Subsidiary Manger delegation of Decision-Making should depend upon the size and the type of organisation.
Key considerations for an international organizational structure include strategic goals, product diversification, market complexity, cultural differences, and coordination needs. The concept of 'be global and act local' refers to the need for a transnational structure, striking a balance between global efficiency and local responsiveness. The centralization or decentralization of authority can vary depending on a company's specifics and the needs of local managers.
Explanation:When designing an organizational structure for international operations, several variables need to be considered. These include the company's strategic goals, the level of product diversification, the markets' complexity and diversity, regulations, cultural differences, and the communication and coordination needs between the headquarters and subsidiaries.
These variables interact in complex ways. For instance, a company with high product diversification might need a more decentralized structure to respond to different market demands. Cultural differences and regulatory constraints might also require adaptations at the local level.
The need for companies to 'be global and act local' is encapsulated in the concept of glocalization. This requires an organization to have a standard global approach while being flexible enough to adapt to local conditions. This can be achieved through a transnational organizational structure, where decision-making, resources, and responsibilities are distributed among multiple foreign operations.
A transnational organization is characterized by an integrated network of global subsidiaries. Many multinational companies (MNCs) are moving towards this structure, as it allows a balance between efficiency, local responsiveness, and learning innovation benefits from various subsidiaries.
The implications of relative centralization versus decentralization largely depend on the size and scope of the organization's operations. In my opinion, as a subsidiary manager, I would prefer a certain degree of autonomy in decision-making. But a trade-off exists, as local managers need coordination and support from headquarters.
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The National Egg Association has been promoting the benefits of eggs for many years. It aims to educate customers about the nutritional values of eggs through ads which are aired in several states. It is making use of
Answer:
Education-based marketing
Explanation:
Education-based marketing unlike traditional marketing which is done through selling-based messages, are done by sharing important information and facts that help customers make a good buying decision.
Education-based marketing is the sharing of knowledge with the purpose of building trust. It is a strategy that establishes credibility and trust with your customers by using educational messages particularly on the benefits they stand to gain by using a product or service.
The Federal Reserve is:__________A) a primary purchaser of Treasury securities and an active participant in the secondary market for these issuesB) a primary purchaser of Treasury securities but not an active participant in the secondary market for these issuesC) not a primary purchaser of Treasury securities but an active participant in the secondary market for these securitiesD) not a primary purchaser of Treasury securities and not an active participant in the secondary market for these securities
Answer: C
Explanation:
The Federal Reserve Board is not a primary buyer of Treasury securities but is an active participant in the secondary market for Treasury securities. The Federal Reserve Board is not a main purchaser of Treasury securities as it does not bid at the Treasury auction weekly where only primary dealers are entitled to bid. However, the Federal Reserve Board trades with them in the secondary market in order to influence the availability of credit.
Marjorie has joined the HR department of Thomas Johnson Inc. as an intern. The organization plans on giving all newly hired site engineers copies of their job descriptions to help them understand what the organization expects of them. Marjorie has been given the task of conducting job analyses and creating job descriptions for the site engineers. Which of the following should Marjorie consider while creating the job descriptions
Answer:
Job descriptions contain detailed specifications of the tasks involved in carrying out each duty.
E) All of the above options should Marjorie consider while creating the job descriptions for the site engineers.
Marjorie should consider all of these factors while creating the job descriptions for the site engineers.
While creating job descriptions, Marjorie should consider the following steps:
Conduct interviews or distribute surveys to collect information from current site engineers, their peers, and supervisors to gain a deep understanding of the job roles.Determine the necessary skills, knowledge, and abilities (KSAs) required for the job by analyzing the data collected.Utilize both task-oriented and worker-oriented approaches to job analysis. The task-oriented approach involves listing detailed tasks, whereas the worker-oriented approach focuses on the characteristics required of the worker.Prepare clear and detailed job descriptions that outline the expectations, responsibilities, and qualifications needed for the role.By following these steps, Marjorie will be able to create effective job descriptions that help newly hired site engineers understand their roles and what is expected of them.
Full question
Which of the following should Marjorie consider while creating the job descriptions for the site engineers?
A) Duties and responsibilities specific to the role
B) Qualifications and skills required for the position
C) Reporting structure and hierarchy within the organization
D) Performance evaluation criteria and metrics for success
E) All of the above
Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In addition, it took her 2 hours to make the ketchup and to do so she took time off from a job that paid her $10 per hour. Lisa's accounting profit is ............ while her economic profit is ..............
Answer:
Accounting Profit = $100
Economic profit = $80
Explanation:
Given that
Sales = 10
Cost = $10
The calculation of accounting profit and economic profit is shown below:-
Accounting Profit = Sales × Costs
= 10 × $10
= $100
For calculating accounting profit we simply multiply sales with costs.
Economic profit = Accounting profit - Opportunity cost
= $100 - 2 × $10
= $80
For calculating the economic profit we simply deduct the opportunity cost from accounting profit.
Marcy's mother, Sue, did not want her to date until she was older. She also wanted Marcy to attend law school. Just before Marcy started her freshman year in college, Sue told Marcy that if Marcy would refrain from dating until she received her law degree, then Sue would pay off all of Marcy's school loans and throw in an extra $50,000. Marcy agreed and stated, "Thanks, Mom; when I graduate, I'm throwing you a big party for all you have done for me!" Sue smiles and hugs Marcy. Marcy finished law school and asked for payment of her loans, the $50,000 in cash, and for a car. Sue said, "No way—I know you went out on some dates during law school, and I never agreed on the car." Marcy said those were just study nights and that her mother had never objected to Marcy's frequent statements that she wanted a car upon graduation. Sue asks about the party. Marcy tells her that she is nuts because there is no way Marcy can afford a party since Sue has backed out of the deal. After some serious negotiation, Marcy and Sue settled their dispute with Sue agreeing to pay for half of Marcy's school loans and for all of the expenses of Marcy's upcoming wedding; Sue also agreed to forget about Marcy throwing a party for her. Was there sufficient consideration to support Marcy's agreement to throw a party for Sue?
A) Yes, sufficient consideration was present.
B) No, there was insufficient consideration because Sue did not promise anything in exchange.
C) No, there was insufficient consideration because Marcy's agreement was illusory.
D) No, because throwing a party is not of a monetary value such as to constitute consideration.
E) No, because close relatives are involved.
Answer:
B) No, there was insufficient consideration because Sue did not promise anything in exchange
Explanation:
Remember, in law for there to be consideration there must be something of value (between the parties concerned, which is exchanged for the performance or promise of performance by the other party (such performance itself is consideration).
Thus, it could be said that Marcy's agreement to throw a party for Sue lacked insufficient consideration since there was no stated value because Sue did not promise anything in exchange.