Answer:
$55
Explanation:
Variable cost of production is the portion of production cost that varies with production amount. In addition to fixed cost it gives total cost of production.
Since there is a +-10% boundary for variable cost. The worst case in terms of high variable cost is 100%+10%= 110%
So worst price = 1.10* 50= $55
On the other hand best case scenario is 100-10= 90%
Best price= 0.9* 50= $45
The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."
Answer:
brand
Explanation:
The American Marketing Association defines a brand as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."
According to Kotler a brand is a name a sign or combination of these to distinguish one product from the others. People often associate and develop relationships with the brand so that they can trust rely and depend on for future purchase.
According to Kotler's definition a brand must be distinguished from the other products and then it must have a desirable place in the minds of the consumers. That is the brand is as good as the customers think.
Apple restricts its computer manufacturing line to only a few basic models that can be assembled in four minutes, which gives customers a good choice with quick delivery. This is an example of:______.
Answer:
Mass customization
Explanation:
Mass customization -
It refers to the strategy of marketing , where the goods and services are modified according to the taste of the consumer , is referred to as mass customization .
A huge number of people are targeted and the their likes and dislikes are considered in order to manufacture the goods and services .
It is also known as made - to - order and built - to - order .
Hence , from the given scenario of the question ,
The correct answer is Mass customization .
Consider a firm that operates in a perfectly competitive market. Currently the firm is producing 50 units of output and at that output level, marginal revenue is $6. Suppose that the firm increases output by 50%. Total revenue will be:____________
Answer:
$450
Explanation:
Data given in the question
Number of the units produced is 50 units
Marginal revenue is $6
Now the output increase by 50%
So, the total revenue is
= Number of units produced × marginal revenue + increased output percentage × (Number of units produced × marginal revenue)
= 50 units × $6 + 50% of $300
= $300 + $150
= $450
We simply compute by applying the above information
The firm's total revenue after a 50% increase in output, with a marginal revenue of $6 per unit, will be $450.
A firm operating in a perfectly competitive market has a marginal revenue of $6 when producing 50 units. If the firm increases its output by 50%, it would then be producing 75 units. In a perfectly competitive market, the marginal revenue remains constant when output is increased, meaning that each additional unit sold still adds the same amount to total revenue. Consequently, if the marginal revenue remains $6 for each of the additional 25 units produced (50% of 50 units), the increase in total revenue can be calculated by multiplying the additional units by the marginal revenue per unit.
The increase in total revenue would be 25 units × $6/unit = $150.
The firm's initial revenue at 50 units would be 50 units × $6/unit = $300. Adding the increase in total revenue to the initial total revenue, the new total revenue after increasing output by 50% would be:
$300 + $150 = $450.
Therefore, with a 50% increase in output, the firm's total revenue will be $450.
Your company is interested in producing and marketing a line of coffee that will penetrate the European market. Your firm is willing to supply the equipment, products, product ingredients, trademark, and standardized operating system to entrepreneurs. What type of strategy are you going to use
A franchise can be used.
Explanation:Franchise refers to the authorization that is given by the government for involving in commercial activities. It is the permission that is obtained legally for using the ideas, expertise and processes of some one else with their permissions.
In the example given, a firm is willing to provide all necessary materials for the preparation of coffee and wants to penetrate the European market. The company here provides all the equipment, ingredients, trademarks and operating systems and hence it can make use of franchise type of strategy.
Final answer:
The company is considering a franchise business model focusing on fair trade and specialization to enter the European market. Sustainable practices and advanced technology can create a competitive edge. Evaluating fair trade benefits and market dynamics is critical for success.
Explanation:
The company is looking to implement a strategy to penetrate the European coffee market by supplying equipment, products, ingredients, trademark, and a standardized operating system to entrepreneurs. This approach aligns most closely with the franchise business model. The company's competitive advantage would be based on providing a comprehensive package and leveraging fair-trade practices to appeal to socially conscious consumers. Specialization within the operations, such as one partner focusing on lattes and another on sandwiches, can increase efficiency and profits. Additionally, considering a switch to 100% fair-trade products can further distinguish the brand, but the costs and inconsistencies within the fair trade system must be critically evaluated.
In selecting a strategy, it's essential to consider the existing coffee market dynamics, including the surplus of coffee production relative to the demand. A focus on sustainable and socially responsible practices, such as fair trade, can offer a unique selling proposition in the crowded market. Partnering with small-scale producers and ensuring equitable prices can foster a loyal customer base that values ethical consumption.
Incorporating advanced technology and managerial skills, similar to those used by successful coffee chains like Starbucks, can streamline operations and enhance the customer experience. The strategy should be adapted to create a strong brand that resonates with the target market and leverages the company's strengths.
An organization's _____ can pay attention to, measure, and control a number of activities, processes,or outcomes in order to foster a certain culture.
Answer:
Management
Explanation:
An organization's management can pay attention to, measure, and control a number of activities, processes,or outcomes in order to foster a certain culture.
Management is the one that sets tone at the top.
Ellie's Deli offers good sandwiches and fast service to its lunchtime customers from a nearby university. It also delivers the same sandwiches packaged with side dishes as part of its catering services. This is an example of ______ segmentation.
Answer:
occasion
Explanation:
Occasion segmentation refers to dividing your potential market into target groups based on different occasions that they might purchase your products. This segmentation technique is used when target groups are defined based on specific times that they can access or purchase your products.
In this case, the same products are offered to different target groups depending on when they will be available. Ellie sells fast food to university students during lunchtime (form Monday to Friday) and offers those same products but with a different packaging to its catering clients for special events.
Answer: It is occasion.
While Fun Frames incurs a cost of $12 for a pair of eyeglasses, Highwire, its competitor, manufactures a pair of glasses at $10. Both the companies are able to sell their glasses for a maximum of $30 per pair. Which of the following statements is true in this scenario?A) Fun Frames and Highwire have achieved differentiation parity.B) Fun Frames is a cost-leader when compared to Highwire.C) Fun Frames has created a greater economic value than Highwire.D) Highwire has a higher opportunity cost than Fun Frames.
Answer:
A) Fun Frames and Highwire have achieved differentiation parity.
Explanation:
Differentiation parity between two companies means that both companies can produce goods or services with the same perceived value even though their production costs may be different.
Fun Frames's production cost is higher than Highwire's, but both of their products have the same perceived value.
A 25-year old client with a low risk tolerance wishes to invest in bonds. The client has invested in equities before, but has no experience investing in bonds. The BEST recommendation would be:
A. BB-rated short-term bonds
B. BB-rated intermediate-term bonds
C. AA-rated short-term bonds
D. AA-rated long-term bonds
Answer: C. AA-rated short-term bonds
Explanation:
It was stated that the client has a low risk tolerance. Therefore, to reduce the credit risk, investment grade bonds are appropriate (BBB or higher). To reduce the interest rate risk, short-term maturities will be preferable to long-term maturities. Both of these factors will result in a safer bond investment.
Companies HD and LD are both profitable, and they have the same total assets (TA), Sales (S), return on assets (ROA), and profit margin (PM). However, Company HD has the higher debt ratio. Which of the following statements is CORRECT?
a. Company HD has a higher fixed assets turnover than Company LD.
b. Company HD has a lower equity multiplier than Company LD.
c. Company HD has a lower total assets turnover than Company LD.
d. Company HD has a higher ROE than Company LD.
e. Company HD has a lower operating income (EBIT) than Company LD.
Answer:
The correct option is D
Explanation:
Debt ratio is defined as the ratio of total debt to total asset. which means a company has more liabilities than assets.
So company HD will have a higher ROE because of them having a higher debt ratio.
Answer:
D) Company HD has a higher ROE than Company LD.
Explanation:
This is easier to explain using an example:
HD LD
total sales $100 $100
profit margin 10% 10%
total assets $50 $50
total liabilities $30 $25
total equity $20 $25
debt ratio 0.6 0.5
return on equity = 10/20 = 50% = 10/25 = 40%
Since company HD has a higher debt ratio, it means that stockholders' equity is lower compared to company LD. Since ROE measures how much profit is generated by each dollar invested, a lower denominator results in a higher ratio.
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5.0 million. The machinery can be sold to the Romulans today for $7.2 million. Klingon’s current balance sheet shows net fixed assets of $3.8 million, current liabilities of $810,000, and net working capital of $140,000. If all the current accounts were liquidated today, the company would receive $925,000 cash.
What is the book value of Klingon’s total assets today?
What is the sum of the NWC and market value of fixed assets?
Answer:
1. The book value of Klingon’s total assets = $4,750,000.
2. The sum of the NWC and market value of fixed assets = $8,125,000.
Explanation:
Requirement 1
We know,
The book value of Klingon’s total assets = Net fixed assets + current asset
Given,
Net fixed assets = $3,800,000 million
Again we know,
Net working capital = current asset - current liabilities
Current asset = $140,000 + $810,000
Current asset = $950,000
Putting the values into the formula, we will get
The book value of Klingon’s total assets = Net fixed assets + current asset
The book value of Klingon’s total assets = $3,800,000 + $950,000
The book value of Klingon’s total assets = $4,750,000
Requirement 2
We know,
The sum of the net working capital (NWC) and the market value of fixed assets = liquidated net working capital + market values of net fixed assets.
Given,
Liquidated net working capital = $925,000
Market values of net fixed asset = $7,200,000
Putting the values into the formula, we will get
The sum of the NWC and market value of fixed assets = liquidated net working capital + market values of net fixed assets.
The sum of the NWC and market value of fixed assets = $925,000 + $7,200,000.
The sum of the NWC and market value of fixed assets = $8,125,000
The book value of Klingon’s total assets today is $3.94 million and the sum of Net Working Capital (NWC) and market value of fixed assets is $7.34 million.
Explanation:The book value of Klingon’s total assets today can be calculated by adding the net fixed assets and the net working capital. In this case, it is $3.8 million (net fixed assets) + $140,000 (net working capital) which equals to $3.94 million.
The sum of the Net Working Capital (NWC) and the market value of fixed assets can be calculated by adding the NWC and the current market value of the machinery. In this case, it is $140,000 (NWC) + $7.2 million (market value of the machinery) which equals to $7.34 million.
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To what degree, if at all, is a significant deficiency related to a material weakness? It is less severe than a material weakness. It is more severe than a material weakness. It is unrelated to a material weakness. It is equivalent to a material weakness.
Answer: It is less severe than a material weakness
Explanation:
A SIGNIFICANT DEFICIENCY is described as a deficiency or an amalgamation of deficiencies that are NOT as severe as a MATERIAL WEAKNESS ( which is quite serious and must be reported to the Audit Committee and be reflected in the financial statements) but still important enough for those people in charge of the company's financial records to take notice.
Assuming purchase costs are declining and a periodic inventory system is used, determine the statements below which correctly describe what is happening to cost of goods sold under FIFO, LIFO and weighted average cost flow methods.
a. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.b. Companies using FIFO will report the smallest cost of goods sold (compared to companies using LIFO or weighted average.)c. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.d. Companies using LIFO will pay higher taxes than companies using FIFO, assuming all else being equal.e. Companies using FIFO will report the highest gross profit and net income.f. Companies using LIFO will report the highest ending inventory on their balance sheets (as compared to companies using FIFO or weighted average,)
Answer:
a. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.
Explanation:
The last in first out method (LIFO) generally results in less net income because Cost of Goods Sold is greater. The reason is that normally prices increase with time due to inflation.
However, the opposite is true when prices are falling, LIFO will report the smallest cost of goods sold.
The reason is the last items are assumed to be sold first, hence the figure of cost of goods sold will be smaller since the costs are smaller compared to the stock bought previously which are more expensive.
Answer: B
Explanation: with a decline in purchase and periodic inventory system is used it's is assumed that LIFO ( last in first out) would report higher sales unlike FIFO
Dante’s employer pays for insurance for doctor visits and hospital visits. However, Dante has to pay for his own prescriptions. He has a large prescription bill that he is unable to pay for. Luckily, Dante planned ahead and some of his medications were free because he was in
TRICARE.
Medicare Part D.
Patient Assistance Programs.
Prescription Assistance Programs.
Answer: It states in the question that this person has insurance and so it is not TRIcare or Medicare Part D. PAP are designed by drug companies to help people that are on a fixed income or who have no prescription insurance. The one in the four you're looking for is Prescription Assistance Program.
Dante's situation involves various health insurance and prescription cost-assistance options like TRICARE, Medicare Part D, Patient Assistance Programs, and Prescription Assistance Programs.
Explanation:Dante's situation centers around different health insurance and assistance options available for prescription medications. The TRICARE program, for example, is an insurance program for military personnel that covers some medication costs. Medicare Part D, on the other hand, is a plan for seniors and the disabled that assists with the cost of prescription drugs. The Patient Assistance Programs and Prescription Assistance Programs reference programs often run by pharmaceutical companies or non-profit organizations and are meant to help people who cannot afford the cost of their medications.
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If the CPI was 207 in 2009 and 225 in 2013, what wage would someone who earned a $50,000 income in 2009 have to earn in 2013 in order to keep her purchasing power constant?
Answer:
$54,348
Explanation:
Given:
Consumer Price Index in 2009 = 207
Consumer Price Index in 2013 = 225
Income in 2009 = $50,000
Income in 2013 = ?
Computation of Income in 2013:
Income in 2013 = Income in 2009 x (Consumer Price Index in 2013 / Consumer Price Index in 2009)
= $50,000 x (225 / 207)
= $50,000 x 1.08695652
= $54,347.826
= $54,348 (Approx)
A company owns land that is used as a softball diamond and recreational park for hosting employee picnics. Once a year the company also allows a non-profit organization to hold a softball game on these premises. During this year's softball game, the director of the non-profit was injured when a softball hit him in the head. He asked the company that owns the land to pay for his trip to the emergency room. What is the company's unendorsed Commercial General Liability policy?
The company's unendorsed Commercial General Liability policy refers to its basic insurance coverage which may potentially cover non-profit organization director's medical bills. However, coverage depends upon the policy's specifics, which might exclude certain activities or non-employees.
Explanation:The company's unendorsed Commercial General Liability policy refers to its basic insurance coverage, which typically includes bodily injuries that occur on its premises. In this specific situation, it could potentially cover the medical bills for the director of the non-profit organization who was injured during the softball game.
However, this depends on the exact terms of the policy. Some policies may exclude certain activities or events, or may not cover non-employees. Therefore, the company should review their policy details to determine whether it covers this particular incident.
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The Commercial General Liability policy of the company would potentially cover the injury of the non-profit director during the softball event, pending the insurance policy's terms and specific circumstances involving negligence.
Explanation:The Commercial General Liability (CGL) policy is an insurance policy that provides coverage to a business for property damage, personal injuries, and other liability issues resulting from daily business operations. The company's unendorsed CGL policy would likely cover the incident described, although full coverage would typically depend on the specific terms and conditions of the policy.
In a situation like this, the non-profit director was injured on the company's premises during an event sanctioned by the company. If the injury is deemed to be a result of the company's negligence (i.e., they maintained an unsafe environment), the company’s CGL policy will ordinarily be triggered. However, if the company is not found to be negligent, the insurance may not cover the injury.
All of these situations illustrate why it is crucial to thoroughly understand the specifics and exclusions of a Commercial General Liability policy.
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Antonio assaulted Mark after the two argued about a parking space. The District Attomey's office prosecuted Antonio on assault charges. Subsequently, Mark filed a lawsuit against Antonio for money damages. Classify each legal action. A. The District Attorney's case was a civil case. Mark's lawsuit was a criminal case. B. Both cases are criminal C. The District Attorney's case was a criminal case; Mark's lawsuit was a civil case. D. Both cases are civil
Answer:
Option "C" is the correct answer to the following statement.
Explanation:
In the following scenario, after getting frustrated, Antonio attacked Mark, it is a crime, under the criminal act, Antonio's case has been conducted as a Criminal case.
According to the situation, Mark using law for his profit and suits the money damage case on Antonio. So, it is considered a civil case.
Civil and criminal cases involve different types of legal actions, with civil cases being between private parties seeking remedies and criminal cases initiated by the government to prosecute crimes. The correct answer is C
Civil Cases: Civil cases involve disputes between private individuals or organizations, where one party alleges harm caused by the other. The resolution typically involves monetary compensation or other remedies.
Criminal Cases: Criminal cases are initiated by the government and can lead to penalties such as imprisonment. They involve prosecuting individuals for crimes ranging from misdemeanors to felonies.
Difference: In the scenario provided, the District Attorney's case against Antonio for assault is a criminal case, while Mark's lawsuit seeking money damages is a civil case.
To avoid double-counting when calculating GDP, it is best to: Group of answer choices count used goods. count the value added at each stage of production. count all goods and services purchased by consumers, firms, and the government. count stocks and bonds. count the value of goods and services produced at every stage of production.
Answer:
count all goods and services purchased by consumers, firms, and the government.
Explanation:
GDP is a measure of the total products and services produced in an economy per period. Economists calculate GDP to understand the directions of the economy. An increase in GDP indicates growth. In calculating the GDP value, economists consider finished consumer products only.
Double-counting means calculating the value of output multiple times. To avoid double-counting, economists do not consider work-in-progress and goods used to produce more products and services. Work is progress is goods still in the production process. If counted, there is a possibility of them being counted again as finished products. Capital goods or goods used to produce other goods are counted once as the finished product.
Phillip is a senior journalist at a news agency. He goes on a temporary leave for six months and travels around different parts of South Asia during his leave. He records his travel experiences in a book and shares it with his colleagues upon his return. During his leave, he was also being paid by the organization. This is an example of a(n)
sabbatical
Answer:
Sabbatical
Explanation:
a period of paid leave granted to a university teacher or other worker for study or travel, traditionally one year for every seven years worked.
A sabbatical is a break from work, where employees like Phillip, a journalist, are allowed to pursue personal interests while retaining their job and pay. It's similar to a gap year but meant for working professionals to gain new experiences and insights. These practices are valued in various professions for the fresh perspectives they bring.
Explanation:Understanding Sabbatical Leave
A sabbatical is a period during which an employee is allowed to be away from their work and is usually given the opportunity to pursue their interests, such as travel, research, or other activities, while still retaining their position and often receiving pay. This concept is somewhat related to the idea of a gap year, which is more common in British society where students take a year off before entering college to engage in various activities like travel or work. However, sabbaticals are typically taken by professionals who need a break from their regular work routine. In the given scenario, Phillip, a senior journalist, took a six-month paid leave from his news agency to travel and document his experiences. This break allowed him to return with new perspectives and insights, commonly seen as beneficial by both the employee and the employer, and is indeed a quintessential example of a sabbatical.
Different professions allow for these sorts of periods away from traditional work. For instance, academics and researchers often take sabbaticals to focus on their studies or to write books. This practice is not only present in academia but also in various other fields, as demonstrated by the journalist's experience. The expectation is that these professionals will bring back enriched experiences that can contribute positively to their profession.
Abby and Zeke begin a joint venture together selling fruitcakes door to door. Each invests $500. The joint venture generates large debts, and there is not sufficient income from the joint venture to pay them. Abby and Zeke as joint venturers are:
Answer:
Personally liable joint venturers
Explanation:
Abby and Zeke are personally liable joint venturers, in that, the profit and loss made from the partnership business is shared equally among the both of them as they have agreed to invest equal capital.
Debt incurred by the business is a liability which will be shared among them also.
Joint venture is a business organzation in which two or more individuals agree to invest their resources for the purpose of making profit.
It is a business establishment owned, financed, controlled by two or more people.
In a joint venture, each individual as a business participant is responsible for profits, losses, and costs associated with the business. The business risk is borne by each individual.
This is why Abby and Zeke are personally liable for the debt incurred by the business.
Joint ventures can be a partnership business as in the case of Abby and Zeke or a limited liability company .
The marketing director for GForce Games, a video game company, has informed his employees that he feels the company needs to improve its relationship with the distributors of the company's products because the distributors are part of the ______ environment for GForce Games
Answer:
Task environment
Explanation:
Task environment helps in achieving the goal of the organization with the help of distributors, customers, employees, competitors, etc.
Therefore as per the given question a video company which is GForce Games informed to their employees that he needs to improve the relationship with the distributors with the help of task environment like Mc Donald has a competitor (subway, burger king, etc.), Customers (Individual and Institutional), Suppliers (coca-cola, Packaging manufactures, etc.)
Magnus has reached the finals of a strength competition. In the first round, he has to pull a city bus as far as he can. One end of a rope is attached to the bus and the other is tied around Magnus's waist. If a force gauge placed halfway down the rope reads out a constant 1500 1500 Newtons while Magnus pulls the bus a distance of 2.20 2.20 meters, how much work does the tension force do on Magnus? The rope is perfectly horizontal during the pull.
Answer: -3,300Nm or -3,300 Joules
Explanation:
Work = F X d
Where:
F = force = 1,500 N
d = distance = 2.20m
We will be taking into consideration that the work that the tension force on the rope does to Magnus is negative because the force goes against Magnus.
This is in accordance with Newton' third law, which states that for every action, there is an equal and opposite reaction.
Therefore, we have:
W = F X d
W = 1,500 X 2.20
W = 3,300Nm
Since we are not calculating the work done by Magnus, but rather the opposite work done by the rope, our answer will be negative.
We therefore have:
-3,300Nm or -3,300 Joules.
Evan, an individual, has a 40% interest in EF, an S corporation. At the beginning of the year, Evan's basis in EF was $2,000. During the year, EF distributed $100,000 and reported operating income of $200,000. What amount should Evan include in gross income
Answer:
Evan should include $80,000 in gross income
Explanation:
As per given data
Evan Interest = 40%
Operating income = $200,000
Evan's Basis = $2,000
Gross income is the income that is used for the calculation of tax, So, the interest of in S corporation will decide the gross income.
Gross income for Evan = $200,000 x 40%
Gross income for Evan = $80,000
Evan's Basis will be used for the calculation of tax value not for gross income.
When the sponsor-investigator holds the ind for an investigational drug he or she is responsible for annual reporting of which one of the following to fda?
Answer: IND report
Explanation:
A sponsor investigator has numerous roles to perform which includes
Control of the investigational drug
Record retention
Reporting
Assurance of IRB review
Inspection.
So, under the reporting role he or she will be saddled with the responsibility of giving an annual report of the IND investigation.
A sponsor-investigator holding the IND is responsible for annually reporting the progress of the clinical trial, including updates and safety reports, to the FDA.
Explanation:When a sponsor-investigator holds the IND (Investigational New Drug) application for an investigational drug, he or she is primarily responsible for the annual reporting of the progress of the clinical trial to the FDA (Food and Drug Administration). This includes updates regarding any changes in the clinical research, safety reports, and study discontinuation if applicable. It's necessary to keep the FDA informed in order to comply with regulatory standards, support patient safety, and enable the drug's development process.
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When Home Movies Inc. opened stores in other countries, it increased the company's international market share. Home Movies took advantage of a _____ opportunity. Group of answer choices diversification market expansion market divestment retail format development market penetration
Answer:
In this instance,Home Movies Inc. took advantage of market expansion opportunity to enhance market share.Hence,the correct answer is market expansion.Explanation:
In Microeconomics,the practice of market expansion refers to the enhancement of business activities or selling of goods and services into newer sections of the market which encompasses factors such as demographic,economic,geographical,social etc.In this context,the geographical expansion of market can possibly include international markets as well as long it can comprehensively cover the desired consumer group which can lead to higher revenue generation and potential market share.It is an extremely formidable economic strategy for any business organisation or company to expand the consumer accessibility by tapping into new geographical areas in the global or international market.An effective market expansion,however, requires a thorough and considerable market research with a specific emphasis on the the potential new markets that the existing business can easily reach and the new consumer base in those markets who will most probably like the products and/or services sold by the business based on various preferential attributes.This can evidently generate immense opportunities for sales and overall economic growth.
At Corpceton, a plastic products manufacturing company, two to three newly hired machine operators are assigned to senior machine operators who train them for a few weeks. After the trainees complete three months of probation in the company, each of them is given a machine to operate on. In the context of training methods, this scenario best illustrates:_______.a) on-the-job training.
b) refresher training.
c) sensitivity training.
d) vestibule training.
Answer: On the job training
Explanation:
They ate required to learn as they are employed by a superior then they are assigned a machine which in due time would make them superior too after they become skilled. This cycle continues so even though one may not have much prior knowledge they can learn on the job.
Assume you obtain a $12,000 loan (without credit life insurance). It is a four-year simple-ineterest installment loan with an annual interest rate of 12.50 percent. First, what would be the monthly payment? Second, how much total interest will you pay over the four years? Third, what is the APR on this loan?
Answer:
Explanation:
Given:
$12,000 loan => P = 12000 Annual interest rate of 12.50 percent => r = 12.5% Four-year simple-ineterest installment loan => n= 4 years = 12*4 =48 monthsSo monthly payment = [tex]\frac{The principle}{number of periods}[/tex]= [tex]\frac{12000}{48} = 250[/tex]
and the total interest will you pay over the four years = 4*12000*12.15% = 583.2
APR—Annual Percentage Rate = Interest rates are usually given as an annual percentage rate (APR)—the total interest that will be paid in the year. If the interest is paid in smaller time increments, the APR will be divided up.
Here is is 12.15%
Read the scenario. The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario, what is the greatest economic challenge that Country D is facing?
Answer:
Infliation and all are affected
Hope this helps! :)
Country D's greatest economic challenge is inflation without corresponding wage increases, which reduces demand and real GDP, potentially leading to a recession.
Explanation:According to the scenario provided, the greatest economic challenge that Country D is facing is inflation coupled with stagnating wages, which ultimately leads to a decline in overall demand and a reduction in Gross Domestic Product (GDP). When prices for goods and services rise without a corresponding increase in wages, consumers have less real purchasing power. This situation then leads to decreased consumption, as citizens can afford less with their income. Consequently, this reduction in demand can result in a slowdown of the economy and potentially cause a recession if GDP continues to decline.
In understanding the impact on GDP, it's important to differentiate between nominal GDP, which may rise simply due to price increases, and real GDP, which is adjusted for inflation and reflects the actual volume of production. The scenario points to a potential rise in nominal GDP due to higher prices, but a decrease in real GDP indicates a contraction in economic activity. This would require careful economic policy responses to stabilize and boost the economy.
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________ power distance indicates that employees would generally accept work assignments from their supervisors without question, whereas a ________ power distance indicates that employees generally have about the same amount of power as their boss.
Answer:
B) High; low
Explanation:
Power distance measures the degree at which the less powerful members of a society or an organization accept the power held by the most powerful members. All of them, less powerful and more powerful members, are OK with the power distributed unequally. In high power cultures and organizations, low power ranking individuals accept the decisions and orders that higher power members make without any objections.
Consideration in a bilateral contract always involves both:______.A. A legal benefit and a legal detriment.B. A legal waiver and a legal renunciation.C. A legal detriment and a legal impediment.D. A legal benefit and a legal waiver.
Answer:
A. A legal benefit and a legal detriment.
Explanation:
In contract law, consideration refers to the benefit element of value that must be bargained between the two parties.
Consideration always includes a legal benefit because you are going to receive some consideration from the other party, but it also involves a legal detriment because you are also giving away something of value (consideration) in exchange to the other party. E.g. you buy a hamburger (you receive food) but you must pay for it (you exchange money).
In a bilateral contract, consideration involves both a legal benefit to one party and a legal detriment to the other. Contractual and property rights ensure parties commit to their agreed terms, backed by legal recourse to ensure compliance.
Explanation:Consideration in a bilateral contract involves both a legal benefit to the promisor and a legal detriment to the promisee, and vice versa. This means that each party is legally bound to do something they are not otherwise obligated to do or to refrain from doing something they have a legal right to do. Therefore, the correct answer is A. A legal benefit and a legal detriment.
Contractual rights are fundamental in ensuring that both parties in a contractual agreement, like the patient-surgeon example, will adhere to their commitments. The surgeon provides services (the legal detriment) and expects payment (the legal benefit); failure to pay would essentially be stealing the surgeon's property, which in this case is the service provided. In a society with strong property rights and contractual rights, economic growth is facilitated because individuals trust in the legal system's ability to enforce contracts and protect their property rights.
Smart cards can be used for a variety of purposes, including storing a user's financial facts, health insurance data, credit card numbers, and network identification codes and passwords. They can also store monetary values for spending.
Answer:
The correct answer is True.
Explanation:
Smartcards are determined by the internal structure of the memory handled by the microprocessor. They are manipulated by readers manufactured for that specific purpose. Smart cards have made their entry into Cuba, an entry that has been really slow, but with the potential attributed to such technology, it seems to promise an overwhelming step in a society that is moving towards computerization.
Answer:
True
Explanation:
Smart cards are basically debit or credit cards that contain a small microprocessor chip. Visa was the first credit card company to use them in 1993 (then came Mastercard and Europay), and by the early 2000s it became the standard credit or debit card in most countries except the US. For some strange reason large card issuers like Visa and Mastercard refused to use it in the US until 2013. The advantage of smart cards is that the chip is much safer than the previously used magnetic strip. It was relatively easy to copy information from a magnetic strips, while it's much harder to do with a chip.
Since the card's chip can hold personal information and store a lot of data, it is now being used for other purposes, e.g. public transportation, healthcare, personal identification, etc.