Answer:
Backward Integration
Explanation:
What All Needs Inc. did by producing its own Soap with label "All wash" instead of Soapsuds's product is called Backward integration.
Backward integration refers to the process of vertical integration in which a company enlarges its role to fulfill tasks that are formerly completed by businesses in the supply chain. In other words, Backward integration is when a company buys another company that supplies the products or company decide to establish a subsidiary to perform tasks of producing something it use to get from a supplier chain . Backward chain is a known competitive strategy. It can also mean buying part of the supply chain that occurs prior to the company's manufacturing process
All Needs Inc. has demonstrated its bargaining power by engaging in backward integration, which allows them to produce their own line of cleaning products, asserting greater control over their product offerings, and potentially increasing profit margins.
Explanation:Exercise of Bargaining Power and Business Strategies
In the scenario where Soapsuds Inc. demanded more shelf space from All Needs Inc., and All Needs Inc. responded by creating its own brand of cleaning agents, "All Wash," the supermarket chain has exercised its bargaining power through backward integration. Backward integration refers to a situation where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain, in this case, by creating its own line of products. This move by All Needs Inc. permits them to both assert more control over their product offerings and reduce their reliance on external suppliers like Soapsuds Inc. By producing its own cleaning agents, All Needs Inc. can potentially increase its profit margins and strengthen its market position through product differentiation, which is the process of distinguishing a product from others in the market.
There are numerous examples in the business environment where companies use backward integration. Supermarkets developing their own store brands or technology firms manufacturing their own components are instances of businesses exerting their power as buyers to gain a competitive edge. This integration can have broader implications within an oligopolistic market structure where a few firms, such as those in the French detergent market described in the provided reference, dominate. Vertical integration, like the action taken by All Needs Inc., allows companies to fortify their market position without engaging in potentially illegal activities like price fixing or anti-competitive practices that can occur in oligopolies.
A sales training firm wants feedback on the quality of its classes and training services. The firm planned to send mail surveys to CEOs of its client companies to get the needed information. However, one executive objected to the survey plan, saying, "CEOs don't attend our classes. How will they know if the classes are any good?" Another executive added, "If the survey isn't relevant to the CEOs, it will be thrown away and we'll get no data." It appears that the research design presents problems with:A. response rate.
B. relevance of population.
C. validity.
D. improper statistical analysis.
E. both A and B.
Answer:
E) both A and B.
A. response rate. B. relevance of population.Explanation:
In statistics, the response rate refers to the number of individuals who actually answered our survey out of the total number of people in the sample. In this case, they feared that very few CEOs would actually respond to the survey.
Also in statistics, the relevant population is the group of people whom you want to sample in order to be able to extrapolate those responses to the entire population. In this case, the problem with surveying CEOs is that they didn't attend the training classes, so their responses aren't useful.
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.Statement Consumer Producer Neither Surplus Surplus I sold a used laptop for $149, even though I was willing to go as low as $140 in order to sell it.I sold a watch for $59 on eBay last week. This week, someone offered me $145 for it. Even though I was willing to pay up to $46 for a jersey sweater, I bought a jersey sweater for only $39.
Answer: Statement 1 ( Laptop) = Producer surplus
Statement 2 ( watch ) = Neither
Statement 3 ( jersey sweater) = Consumer surplus
Explanation:
Hi, Consumer surplus happens when the price that consumers pay for a product or service is less than the price they're willing to pay.
Even though I was willing to pay up to $46 for a jersey sweater, I bought a jersey sweater for only $39. Consumer surplusProducer surplus is measured as the difference between what producers are willing and able to supply a good for and the price they actually receive
I sold a used laptop for $149, even though I was willing to go as low as $140 .Producer surplusI sold a watch for $59 on eBay last week. This week, someone offered me $145 for it. neitherFeel free to ask for more if needed or if you did not understand something.
Which of the following should be subtracted from net income in calculating net cash flow from operating activities using the indirect method? a.A decrease in inventory b.A decrease in prepaid expenses c.An increase in accrued expenses d.An increase in inventory
Answer: increase in inventory
Explanation:
increase in inventory : An increase in a company's inventory shows that the company bought more goods than it has sold. And the buying of additional inventory requires the use of cash, it means there was an additional outflow of cash. An outflow of cash has a negative effect on the company's cash balance.
In the business world, you must be able to create effective messages. Using a writing process will help you to develop the necessary skills and to write more confidently. To begin, you must determine the purpose of your message.
Read the message, and then complete the following sentences.
Akihabara Imports offers the widest selection of Japanese animation products available on the Internet. All products are shipped with certificates of authenticity. Some supplies are limited, so act now! Use our secure online form for immediate purchase, or call our operators at 555.555.5555, 24 hours a day, 7 days a week. This message is designed to______. Specifically, the primary purpose of this message is to______. The secondary purpose of this message is to______. Once you have identified the purpose of your message, the next step is to anticipate and profile your audience. Which are appropriate questions to ask when profiling your audience?A. How will the audience react to my message?B. What format should I use?C. How much does the audience know about my topic?D. What do I know about the audience’s education, beliefs, culture, and attitudes?E. Do I care about my audience’s weekend plans?
The message aims to persuade potential customers to buy products by emphasizing selection, authenticity, and purchase urgency, and also provides different purchase options. Profiling the audience with specific questions ensures the communication is effectively tailored.
Explanation:The message from Akihabara Imports is designed to persuade potential customers to purchase its Japanese animation products. Specifically, the primary purpose of this message is to encourage immediate purchase by highlighting the selection and authenticity of the products and the urgency due to limited supplies. The secondary purpose is to provide multiple purchasing options (online or via phone) to accommodate different customer preferences.
When profiling your audience, appropriate questions to ask include:
How will the audience react to my message?What format should I use?How much does the audience know about my topic?What do I know about the audience’s education, beliefs, culture, and attitudes?Questions such as these help tailor the communication effectively, considering the audience's perspective, including social, cultural, or linguistic factors that could affect your message.
Which of the following refers to a process of developing distribution objectives, evaluating internal and external environmental influences on distribution, and choosing a distribution strategy? A. Slotting allowance B. Conventional marketing system C. Distribution tactics D. Vertical marketing system (VMS) E. Distribution planning
Answer:
The correct answer is E. Distribution planning.
Explanation:
Distribution planning refers to the development of objectives from production to putting the product on the counter. This process includes the entire chain from when the raw material to produce is entered, and the logistics necessary to transport the product to the final supplier. This process must evaluate external and internal problems in order to make it as expeditious as possible and the times are met in order to avoid product shortages.
Kerry finds a big green ring in the street. She shows it to Leroy, who says, "Wow. That could be valuable." Neither Kerry nor Leroy knows what the ring is made of or whether it is valuable. Kerry sells the ring to Leroy for $100, saying, "Don’t come griping if it turns out to be worth two dollars." Leroy takes the ring to a jeweler who tells him it is an unusually perfect emerald, worth at least $75,000. Kerry sues to rescind. Can Kerry win? Why/Why not?
Answer:
No
Explanation:
If Kerry sues on Leroy, Kerry will lose, Because none of the participants realize that there is a possibility of the nature of the item being so worthy and made a deal to exchange.
In this case, Leroy takes a risk and gets profit.
It is not considered as one party error because both parties take equal risk.
So Kerry has no right on the ring.
Kerry is unlikely to win a lawsuit to rescind the sale of the emerald ring to Leroy, as both parties were unaware of its value at the time of the sale, thus constituting a transaction with imperfect information without intentional misrepresentation.
In the scenario where Kerry finds a ring and sells it to Leroy under the pretense that its value is unknown, we need to consider the legal principles relating to imperfect information and asymmetric information. If Kerry and Leroy were both unaware of the ring's true value as an unusually perfect emerald at the time of the transaction, Kerry's attempt to rescind the sale would less likely be successful. This is due to the fact that both parties entered into the contract with imperfect information and no intentional misrepresentation was made by Kerry.
In cases highlighted such as Doree Lynn's, disclosure about the treatment of gems is critical for a legally valid sale. Treating emeralds with oil or epoxy to hide imperfections is legal but must be disclosed to buyers. In the case where treatments are not disclosed, such as in Lynn's experience and the subsequent Dateline investigation, the buyer may have grounds to rescind the transaction due to the seller's failure to disclose important information about the stone's treatment. However, this does not apply to Kerry and Leroy's situation, as there were no known treatments to disclose, merely the material nature of the ring itself was unknown.
In closing, unless Kerry can prove that Leroy had superior knowledge about the ring's value and took advantage of that information, or if there were other elements of fraud or misrepresentation involved, rescinding the sale would not typically be warranted under the principles of contract law dealing with imperfect or asymmetric information.
Emeremen Corp., an automobile manufacturer in Mallowdeer, plans to enter a foreign market. It wants to establish its new office in Ostview. Which of the following is a qualitative factor that should be considered by Emeremen Corp. while choosing a new office location?A) Company strategyB) Tariff and nontariff barriersC) Transportation costsD) Exchange rates
Answer:A) Company strategy
Explanation:
Company strategy is the process through a company applies different effective and efficient approach to handle and carry out Its activities or business. A company Strategy determines the success and efficiency of the company.
The Strategy of a company helps the company to take decisions regarding which markets to penetrate,the locations of it's business, which marketing approach to adopt,which kind of Accounting system to adopt etc all these are geared towards the overall growth an development of the company.
The tiny South Pacific island country of Maroji produces a lot of milk and milk-based products. To protect this industry, Maroji mandates that only designated trading companies can import cheese, each of which is allocated the right to import a maximum number of pounds of cheese each year. By doing this, Maroji controls the amount of imported cheese. This is an example of a(n) _________
This is an example of a(n) Import Quota .
Explanation:A restriction in direct manner that controls the quantity of goods that is being imported to a country refers to the import quota. This restrictions is imposed by the issue of an import license to a firm or a group of firm or even individual. The main aim of these import quota is to enhance the domestic producers to gain advantage through the limitations in competition that arises form importing.
In the given scenario, the company name Maroji involves in the production of a lot of milk and milk-based products. The company then makes it compulsory for only some of the companies to import cheese with the allocated right in the importing of a maximum number of pounds of cheese each year. This acts as an example of Import Quota .
A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of: Conflict of interest. Moral development. Ethical relativism. Egotism.
Answer:
Conflict of Interest
Explanation:
The reason is that if the person starts valuing its personal interests more than the company's interest then the person is acting in his personal interest and this is not a professional behavior. A professional person always eliminates his personal interest and always act in the best interest of the professional. So here, purchasing agent is acting in her own personal interest and this is because of the conflict of interest with the company's values and interest.
Final answer:
A purchasing agent accepting a gift and directing company orders to that source is an example of a conflict of interest, which undermines the impartiality needed to fulfill her fiduciary duties toward her employer.
Explanation:
A purchasing agent directing her company's orders to a firm from which she received a valuable gift is an example of a conflict of interest. This situation represents a principal-agent problem where the agent (the purchasing agent) should act in the best interests of the principal (her employer) but is influenced by personal gain. Unlike ethical egoism, which promotes individual interest potentially at the expense of others, a conflict of interest compromises the impartiality required to act in the principal's benefit. The core issue is the agent's duty to be a fiduciary to her principal, which means she is legally and ethically required to act in the principal's best interest and not let personal interests interfere with this duty.
What is the technical term for a 10 percent decline from a recent high in the u.S. Stock market?
Answer:
correction
Explanation:
In financial terms, a correction (or market correction) happens when a security loses at least 10% of its price considering its most recent peak. The prices of stocks, bonds, etc., change every day, that is why a correction may take days, weeks or even months before the price of the security starts to recover. It is normal that corrections happen, and if a person has made a long term investment, he/she shouldn't worry about them because the price will eventually recover completely and surpass that peak in the future. Corrections are dangerous for those who speculate with short term investments.
Marketing activities are a. used by all sizes of organizations including for-profit, nonprofit, and government agencies. b. used by small businesses and small nonprofit organizations the most. c. used by all types and sizes of businesses but are not used by nonprofit organizations. d. implemented only to increase profits for the organization and to expand the scope of its customer base. e. limited to use by larger for-profit and nonprofit organizations.
Option A
Marketing activities are used by all sizes of organizations including for-profit, nonprofit, and government agencies.
Explanation:Marketing activities are all actions driven by a company to accomplish its marketing goals. Marketing assigns to activities a firm moves to improve the purchasing or sale of a product or service. Marketing involves promoting, marketing, and distributing products to customers.
Marketing activities are practiced by all capacities of groups including for-profit, nonprofit, and government bureaus. Marketing is how nonprofits consolidate a variety of strategies that work concurrently to generate awareness, creating a positive perception by interacting efficiently with a targeted audience.
Chyle is delivered to the blood via the lymphatic system. True or False
Answer:
True
Explanation:
^^^^^^^^^^^^^^^
Chyle is delivered to the blood via the lymphatic system.
Explanation:The statement "Chyle is delivered to the blood via the lymphatic system" is True.
Chyle is a milky fluid that is formed in the small intestine when dietary triglycerides combine with other lipids and proteins. This chyle then enters the lymphatic system through lymphatic capillaries called lacteals. Eventually, the chyle is delivered to the blood when it enters the bloodstream through the lymphatic vessels.
Learn more about Lymphatic System here:https://brainly.com/question/14766016
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Information Systems Guidelines are a set of statements specifying how the firm should use its technical and organizational IS resources to achieve the IS vision. What is (are) the purposes(s) of these guidelines?
Answer:
The purpose of these guidelines is to develop and implement information and communication systems to achieve information system vision.
Explanation:
The marketing managers of Rudolf Ltd., strive so hard to agree on an important decision to launch a product that they ignore information that a similar product already exists in the market and that the barriers to entry into the market are high. This refers to which of the following decision-making processes?
A. Dialectical inquiry
B. Devil's advocacy
C. Groupthink
D. Intuition
E. Representative bias
Answer:C. Groupthink
Explanation:Groupthink is a phenomenon that occurs when the desire for group consensus overrides people's common sense desire to present alternatives, critique a position, or express an unpopular opinion. Here, the desire for group cohesion effectively drives out good decision-making and problem solving.
Groupthink is the name given to a theory or model that was extensively developed by Irving Janis (1972) to describe faulty decision making .
Answer:
Group think ( C )
Explanation:
Group think decision-making strategy is a type of decision making strategy whereby the desire to have a uniform decision by a group of people over an important action to be taken overrides the sense of considering the limiting factors that such action might face in the short and long runs.
The marketing managers of Rudolf Ltd striving hard to agree on the decision to launch a product that has a direct competition in the market already, without first conducting proper market analysis on how the new product will succeed in the market against other similar products already existing in the market is termed GROUP THINK
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as:____________.
a. an indicator of the variety.
b. an indicator of quality.
c. a measure of scarcity.
d. a reflection of status quo pricing. e. a measure of the income effect.
Answer:
b. an indicator of quality.
Explanation:
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as an indicator of quality.
Value-based pricing is a strategy of setting prices primarily based on a consumer's perceived value of a product or service.
Price is an Indicator of Value From a consumer's standpoint because it is often used to indicate value when it is compared with perceived benefits such as the quality .
John, a product manager, ensures that his team has regular meetings and no team member is absent during the meetings. He also ensures that all the members of his team work together in all the projects the company receives. John has modified the workplace accordingly to facilitate teamwork. In this scenario, John is attempting to increase his team's ___________.
Answer:cohesiveness
Explanation:Cohesion can be more specifically defined as the tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members. This definition includes important aspects of cohesiveness, including its multidimensionality, dynamic nature, instrumental basis, and emotional dimension.
Group cohesiveness arises when bonds link members of a social group to one another and to the group as a whole.
To help cosmetic company RedRain Inc. launch a new line of lipstick, tickets that can be redeemed for prizes are enclosed in some of the lipstick packages. This activity is best classified as
Answer:
Sales Promotions
Explanation:
The reason is that the company is trying to attract its customers by providing tickets that has ability to win prices and these prices are the motivating factors for the consumer to buy these products. Other tactics also include seasanol sales discounts to sell the remainder of the stock and "Buy One and Get one Free".
Including tickets for prizes in lipstick packages by RedRain Inc. is a sales promotion, used as a promotional strategy to boost product sales and attract customers.
The activity described in the question where RedRain Inc. includes tickets that can be redeemed for prizes in some of their lipstick packages is best classified as a sales promotion. Sales promotions are targeted efforts to increase product awareness and sales, often through short-term incentives such as coupons, discounts, or, as in this case, prize tickets. This type of promotional strategy is used to entice potential customers to try a new product, in this case, a line of lipstick, by adding extra value to the purchase.
To deliver high customer value, a company must monitor and improve its _____-the entire range of activities involved in delivering value to its customers.
Which of the following statements is not a difference between business markets and consumer​ markets?A. Buyers face more complex buying decisions.B. The buying decision involves more professionals.C. Business demand is a derived demand.D. The buying process is more formalized.E. The market is very small and limited.
Answer:
E : the market is very small and limited
Explanation:
The statement that the market is very small and limited is not a difference between business markets and consumer markets as the real difference is :
Business market larger in size :
If we talk from a Marketing Perspective point of view it Innovates through technological push and fanatics-breakthroughs which result in a rapid increase in the number of customers in the market and as the size of the market becomes larger.
The statement that is not a difference between business markets and consumer markets is E. The market is very small and limited.
Explanation:The statement that is not a difference between business markets and consumer markets is E. The market is very small and limited.
Business markets and consumer markets differ in several ways:
Buyers face more complex buying decisions: Business buyers typically need to consider multiple factors such as price, quality, reliability, and customer service when making purchasing decisions. Consumer buying decisions are often simpler and less complex.The buying decision involves more professionals: Business purchases often involve multiple individuals from different departments who are responsible for evaluating, approving, and making purchasing decisions. Consumer purchases are typically made by individuals or households.Business demand is a derived demand: Business demand is influenced by the demand for the final product or service that the business produces. Consumer demand is driven by individual needs and preferences.The buying process is more formalized: Business purchases often involve formal procurement processes, including requesting proposals, negotiating contracts, and conducting vendor evaluations. Consumer purchases are typically more informal and spontaneous.If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ structural unemployment and ____ the natural rate of unemployment:
Answer:
The options for this question are the following:
A. Increase; Increase.
B. Increase; Not change.
C. Not change, Increase.
D. Do none of the above
The correct answer is A. Increase; Increase.
Explanation:
The natural unemployment rate is one that represents a level of unemployment that cannot be reduced and is part of what is considered normal in an economy. This level usually ranges between 2% and 5% and is part of the frictional unemployment of the population.
The natural unemployment rate exists, in part, because some workers quit their jobs, ceasing to earn income for a time, for various reasons. These may be, for example, the aspiration for a better professional opportunity or the distance to the workplace.
On January 2, 1986, Beal, Inc. acquired a $70,000 whole-life insurance policy on its president. The annual premium is $2,000. The company is the owner and beneficiary. Beal chairqed officer's life insurance expense as follows: 1986 $2,000 1987 1,8001988 1,500 1989 1,100----------------------------------------- Total $6,400 In Beal's December 31, 1989 balance sheet, the investment in cash surrender value should be:____________.a. $0b. $1,600c. $6,400 d. $8,000
Answer:
B) $1,600
Explanation:
The ending cash surrender = total premiums paid - total amount charged to insurance expense = ($2,000 x 4 years) - ($2,000 + $1,800 + $1,500 + $1,100) = $8,000 - $6,400 = $1,600
In this case, a larger portion of the premiums paid are allocated to investments related to the life insurance.
A car rental agency rents 200 cars per day at a rate of 29 dollars per day. For each 1 dollar increase in the daily rate, 5 fewer cars are rented. At what rate should the cars be rented to produce the maximum income, and what is the maximum income? R
Answer and Explanation:
Given:
Total car = 200
Rate = $29
Computation:
Total increase in rate = a
So , Total decrees in car = 5a
Total income (y) = [200-5a][29+a]
y = 5,800 + 200a - 145a - 5a²
y = 5,800 + 55a - 5a²
y' = dy / da [5,800 + 55a - 5a²]
y' = -10a + 55
in which , y' = 0
0 = -10a + 55
a = 5.5
So , Maximum rate = $ [29+5.5]
Maximum rate = $34.5
maximum income = 5,800 + 55(5.5)- 5(5.5)²
maximum income = 5,800 + 302.5 - 151.25
maximum income = $5951.25
City Gas is a natural monopoly that supplies natural gas to a particular city. Its cost and demand information are given below. The marginal cost of going from a production of 4 million therms to a production of 5 million therms is:________.a. $20 MILLIONb. $25 MILLIONc. $10 MILLIONd. $35 MILLION
Answer:
The correct answer is A
Explanation:
Marginal cost is defined as the change in the aggregate cost which arises when the quantity produced or manufactured is incremented or increase through single unit.
In short, it is stated as the cost of producing the one more unit of the product or the good.
The marginal cost will be computed as:
= Earlier therms × Increase in therms
= $4 million × $5 million
= $20 million
Therefore, the marginal cost of the therms is $20 million
________ advertising may use any advertising medium, but it differs from other types of advertising in that it tries to stimulate an immediate consumer action.
Answer:
Direct Response Advertising
Explanation:
Direct response advertising is different from all other forms of advertisements in a way that it stimulates more fast, quick and efficient response from the cosumer. It persuades customers to act rapidly and instantly. Sales can be increased quite fast by using this form of advertisement. Toll free numbers are mentioned, road shows, exhibitions, discount offer sms, free coupons are presented which customers have to cut and send to the company to get them redeemed. This type of advertisement has gained a lot of success now-a-days.
Keith Monroe nails hundreds of pieces of culled lumber in the blazing July sun to form a parquet deck for his barn roof. He and his assistant are clearly in: The termination stage of the project life cycle. The planning stage of the project life cycle. The execution stage of the project life cycle. Way over their heads.
Answer:
The correct answer is C
Explanation:
Execution phase of the project is generally the longest phase in the life cycle of project management and also consumes the energy as well as resources. These process help in managing the issues, time, cost, change and quality.
The execution phase is the phase which has long time duration and it develop or create the team of project for the product or service and then present the final or finished product to the customer.
Therefore, in this case, is the execution stage the person is assisting.
As a person consumes more of a good or service, the person's _____ will increase. At the same time, this person's _____ will decrease with each additional unit.
Answer:
Total utility
Marginal utility
Explanation:
Total utility is the total satisfaction derived from a particular activity. As consumption increases, total utility increases at a decreasing rate.
Marginal utility is the utility derived from one more unit of consumption. As consumption increases, the satisfaction derived falls.
For example, the marginal utility a man who is extremely thirsty would derive from the first bottle of cold water would be the highest. The utility he derives from additional bottles of water would successively decrease.
The law of diminishing marginal utility states that as consumption increases, marginal utility falls.
I hope my answer helps you
Jason's Outdoors manufactures two products: snow skis and water skis. Jason's managerial accountant suspects that product cost distortion through factory overhead allocation is occurring where snow skis are underpriced and water skis are overpriced. As a result, all of the following statements are true except
a.Jason's accountant should consider a single plantwide rate to correct the problem.
b.Snow skis likely consumed a larger proportion of factory overhead than was allocated.
c.Jason may incorrectly decide to expand production of snow skis.
d.Jason will likely lose sales of water skis.
Answer:
Jason's accountant should consider a single plantwide rate to correct the problem.
Explanation:
In this scenario where there are two products being produced, they will consume different amounts of resources during production. Allocation of resources uniformly by using single plantwide rate will cause cost distortion when allocating factory overhead, so this is the incorrect option.
Jason's accountant should rather allocate overhead cost to the products on the basis of how much resources were used for their production this will reduce cost distortion.
Consider three imaginary countries. In Aziria, in Tanistan, saving amounts to $4,500 and consumption amounts to $10.500. The saving rate is saving amounts to $3,000 and consumption amounts to $7,000 in Graniva, saving amounts to $2,000 and consumption amounts to $8,000:________. a. higher in Tanistan than in Graniva, and it is the same in Graniva and Aziria.b. higher in Graniva than in Tanistan, and it is higher in Tanistan than in Aziria. c higher in Aziria than in Tanistan, and it is higher in Tanistan than in Graniva. d. higher in Aziria than in Graniva, and it is the same in Aziria and Tanistan.
Answer:
D. The Savings rate is higher in Aziria than in Graniva, and it is the same in Aziria and Tanistan.
Explanation:
Consider three imaginary countries.
In Aziria, saving amounts to $4,500 and consumption amounts to $10.500.
in Tanistan, the saving rate is saving amounts to $3,000 and consumption amounts to $7,000
in Graniva, saving amounts to $2,000 and consumption amounts to $8,000:
The savings rate in Aziria is = 4500/10500 = 43% of Consumption
The savings rate in Tanistan is = 3000/7000 = 43% of Consumption
The savings rate in Graniva is = 2000/8000 = 25% of Consumption
Hence, The Savings rate is higher in Aziria than in Graniva, and it is the same in Aziria and Tanistan.
Final answer:
To determine the saving rates of Aziria, Tanistan, and Graniva, we use the values of saving and consumption to find the proportion of income saved. Aziria's saving rate is higher than Tanistan's, and Tanistan's saving rate is higher than Graniva's, making option (c) the correct answer.
Explanation:
To determine which country has the higher saving rate, we need to consider the amounts of saving and consumption. The saving rate can be calculated as the proportion of income that is saved rather than consumed. For Aziria, saving is $4,500 and consumption is $10,500. Tanistan has savings of $3,000 and consumption of $7,000. Finally, Graniva saves $2,000 while consuming $8,000.
The saving rate for each country would be calculated by dividing savings by the sum of savings and consumption, which represents total income. Therefore, the saving rate for Aziria is $4,500 divided by ($4,500 + $10,500), Tanistan is $3,000 divided by ($3,000 + $7,000), and Graniva is $2,000 divided by ($2,000 + $8,000).
After calculating these, we can determine that the correct answer is option (c): higher in Aziria than in Tanistan, and it is higher in Tanistan than in Graniva.
Based on scientific theory of social influence, researchers tested the prediction that a threat to self-esteem increases conformity to peer pressure. The prediction that was tested best illustrates :_______________.
Answer:
a hypothesis
Explanation:
Scientifically speaking, a hypothesis is a proposed idea that must be tested through scientific study and experimentation in order for it to be considered a valid theory. Only if the study can prove that it is correct, it will then become a theory.
For normal non scientific people, like myself, a hypothesis is just an explanation to something that we do not know, but it represents our best educated guess.
The total factory overhead for Rowland Company is budgeted for the year at $652,000 and divided into two departments: Fabrication $460,000 and Assembly $192,000. Rowland manufactures two products: treadmills and weight machines. Each treadmill requires 3 direct labor hours in Fabrication and 1 direct labor hour in Assembly. Each weight machine requires 2 direct labor hours in Fabrication and 5 direct labor hours in Assembly. Each product is budgeted for 4,000 units of production for the year.
Determine the factory overhead allocated per unit for each weight machine, using the department factory overhead allocation rates.
a. $77.00
b. $163.00
c. $86.00
d. $81.50
Answer:
$86
Explanation:
The total overhead for Rowland Co. = $652,000 per annum (p/a). broken down across two departments as follows:
Department/Item (Treadmill) || (Weight Machine)
(Direct labor hours in production) Total
Fabrication = $460,000 p/a 3 || 2
Assembly = $192,000 p/a 1 || 5
Nos of Units for production 4000 || 4000
To produce 4000 Weight Machines, would require 8000 fabrication hours and 20,000 assembly hours. while, 4000 treadmills will require 12,000 fabrication hours and 4,000 assembly hours.
Total number of Fabrication hours for the year is 12,000 + 8,000 = 20,000.
Total number of assembly hours for the year is 20,000 + 4,000 = 24,000
Unit cost per hour of fabrication (uF) = $460,000/20,000 = $23
Unit cost per hour of assembly (uA) = $192,000/24,000 = $8
Therefore, the allocated overhead per unit for each weight machine
= (2 * $23) + (5 * $8) = $46 + $40 = $86