Answer:
E) self-serving bias
Explanation:
Self-serving bias is a type of cognitive bias in which an individual tends to attribute positive and favorable outcomes as consequences of their own action or quality, while they tend to absolve themselves if the case of any negative outcome or events that are not favorable, hence, they attribute such to the action of others or external forces. People who exhibit this cognitive bias, usually do so to boost their confidence or enhance their self-esteem.
Answer: Self serving bias.
Explanation:
Jane has a self serving bias, therefore this make her always want to blame her failures on any other factor except herself. An individual with a self serving bias finds it very easy to claim that they are responsible for their success, and easy to blame failures and setbacks they experience on external factors.
A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive. Then, the price rises to S25, and the firm makes whatever adjustments are necessary to maximize its profit at the now-higher price. Once the firm has adjusted, its a. quantity of output is higher than it was previously. b. average total cost is higher than it was previously. c. marginal revenue is higher than it was previously. d. All of the above are correct. 5. 6. A profit-maximizing firm in a competitive market is currently producing 200 units of output. It has average revenue of $9 and average total cost of S7. It follows that the firm'se a. average total cost curve intersects the narginal cost curve at an output level of less than 200 units. b. average variable cost curve intersects tne maiguial cost curve at an output level of less 双击可隐藏空白: than 200 units.e c. profit is $400. d. All of the above are correct.
Answer: c. marginal revenue is higher than it was previously.
Explanation:
Marginal revenue is higher than it was previously.
Marginal Revenue is the additional revenue that is generated by selling one more unit, In a Competitive market Firms are price takers meaning the can only adjust quantity and not the price.
The marginal Revenue equals to the price of a good or service. When Price increases from $20 to $25 ,the Marginal Revenue will be $25 which is higher than it was previously
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: $86.00
Explanation: A department factory overhead rate is calculated as budgeted department factory overhead divided by budgeted department allocation base. The overhead rate is then multiplied by the dhls for each product individually
Fabrication dlh (4,000 treadmills × 3 dlh) + (4,000 weight machines × 2 dlh) = 20,000dlh
$460,000 / 20,000 dlh = $23 per dlh
Assembly dhl (4,000 treadmills × 1 dlh) + (4,000 weight machines × 5 dlh) = 24,000 dlh
$192,000 / 24,000 dlh = $8 per dlh
Weight Machine:
Fabrication: 2 dlh × $23 per dlh = $46
Assembly: 5 dlh × $8 per dlh = 40
Therefore: Allocation per unit $86.00
The VP of Manufacturing at Roshanak Incorporated wants to buy a new die cast machine for production. The die cast machine is expected to cost around $1,000,000. Which document will most likely be used to solicit bids from suppliers
Answer:
RFP ( Request for proposal)
Explanation:
Request for proposal is considered as a business document and it not only announces but also it provides the details about the project. it also plead bids from the various contractors that will also help in the completion of the project. Many organization and firms always choose to use RFP (Request for proposal). Basically, RFP is used by the law enforcement agencies in order to get the lowest bid.
The focus of a(n) __________ strategy is high sales at low cost; the high sales are typically achieved by coming up with a product that will appeal to a broad target market.
Answer:
Mass marketing
Explanation:
Mass marketing -
It refers to as the marketing strategy , where the focus is on the complete market rather than some specific group , is referred to as mass marketing .
It is the reverse of niche marketing .
Mass marketing requires advertising method like , television , radio , newspaper , magazine etc.
As they tries to capture large area of consumers .
Hence , from the given information of the question ,
The correct answer is mass marketing .
Suppose fundamental analysis indicates that XYZ Corporation’s stock is undervalued. Group of answer choices This means its present value is less than its price. You should consider adding the stock to your portfolio. This means its present value is less than its price. You shouldn’t consider adding the stock to your portfolio. This means its present value is more than its price. You should consider adding the stock to your portfolio. This means its present value is more than its price. You shouldn’t consider adding the stock to your portfolio.
You shouldn't add the stock to your portfolio.
This statement is true.
Explanation:
An undervalued stock is characterised as an asset that sells significantly below the supposed intrinsic value at a profit.
For Example, if the stock sells for $50, but on the premise that future cash flows are expected, it is an undervalued stock.
If you pay excessively, you will lose part or all of your earnings. The same happens when you purchase a stock below its current market value. Purchasing an inflated stock ensures you that the chances of losing money even though it is not profitable for the company.
We first knew them as the cute, loving characters on Full House, but today Mary-Kate and Ashley Olsen are not only the characters in their sitcoms and videos, but also a fashion phenomenon. Their Mary-Kate and Ashley clothing line is manufactured and sold exclusively by Wal-Mart. Mary-Kate and Ashley receive royalties from Wal-Mart in exchange for the use of their names. This is an example of which branding concept?
Answer:
Licensing
Explanation
Licensing is a contractual agreement whereby one company (the licensor) allows another company to use its trademark for products and services offered by this company (licensee) for a royalty or fee and here royalty was received for the use of name.
Mary-Kate and Ashley Olsen's clothing line with Wal-Mart is an example of celebrity branding. This is where the well-known name of a celebrity is used to market and sell a product or service, in this case, fashion.
Explanation:The scenario involving Mary-Kate and Ashley Olsen and their clothing line with Wal-Mart is an example of celebrity branding. Celebrity branding is a type of branding where a celebrity uses their well-known name to market, promote, and sell a product or service. In this case, the Olsen twins create fashion and grant Wal-Mart exclusive rights to manufacture and sell the clothing under their well-known name. Celebrity branding can significantly influence the consumer's perception of the product and can increase product credibility, thus making it a powerful tool in the marketing sector.
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Total fixed costs for Taylor Incorporated are $ 240 comma 000 . Total costs, including both fixed and variable, are $ 400 comma 000 if 171 comma 000 units are produced. The variable cost per unit is A. $ 3.74 /unit. B. $ 1.40 /unit. C. $ 0.94 /unit. D. $ 2.34/unit.
Answer:
Option (c) is correct.
Explanation:
Given that,
Total fixed costs = $240,000
At the production volume of 171,000 units,
Total cost = $400,000
Total variable cost = Total cost - Total fixed costs
= $400,000 - $240,000
= $160,000
Variable cost per unit:
= Total variable cost ÷ Number of units produced
= $160,000 ÷ 171,000 units
= $0.935 per unit or $0.94 per unit
One of the questions in the Pew Internet & American Life Project asked adults if they used the Internet at least occasionally (Pew website, October 23, 2012). The results showed that 454 out of 478 adults aged 18 - 29 answered Yes; 741 out of 833 adults aged 30 – 49 answered Yes; 1058 out of 1644 adults aged 50 and over answered Yes.
Round your answers to four decimal places.
a. Develop a point estimate of the proportion of adults aged 18 – 29 who use the Internet.
b. Develop a point estimate of the proportion of adults aged 30 – 49 who use the Internet.
c. Develop a point estimate of the proportion of adults aged 50 and over who use the Internet.
d. Suppose your target population of interest is that of all adults (18 years of age and over). Develop an estimate of the proportion of that population who use the Internet.
Answer:
Explanation:
S/N Age range Adult Population Population Internet Users
A 18 - 29 478 454
B 30 - 49 833 741
C 50 and above 1644 1058
Total 2955 2253
a) Let E = Estimate proportion and A = Internet users
Hence, n(E) = 478 and n(A) = 454
∴ Probability of Internet users (18 - 29), P(A) = n(A)/n(E) = 454/478 = 0.9498 (94.98%)
b) n(E) = 833 and n(B) = 741
∴ Probability of Internet users (30 - 49), P(B) = n(A)/n(E) = 741/833 = 0.8896 (88.96%)
c) n(E) = 1644 and n(C) = 1058
∴ Probability of Internet users (50 and above), P(C) = n(C)/n(E) = 1058/1644 = 0.6436 (64.36%)
d) Let Et = Total estimate proportion
Hence, n(Et) = 2955 and n(A) = 454
∴ Probability of 18 - 29 age range using Internet overall Pt(A) = n(A)/n(Et) = 454/2955 = 0.1536 (15.36%)
The point estimates for the proportion of adults using the Internet are 0.9498 for ages 18-29, 0.8894 for ages 30-49, 0.6438 for ages 50 and over, and combining the data for all age groups yields an overall estimate of 0.7386.
The Pew Internet & American Life Project aims to measure the proportion of adults in various age groups using the Internet. To find the point estimates for each group, we simply divide the number of respondents who answered 'Yes' by the total number of respondents in that age group.
Proportion Estimates for Internet Usage
a. Proportion of adults aged 18
dash 29 who use the Internet:
Point Estimate = Number of 'Yes' responses / Total number of respondents
Point Estimate = 454/478 = 0.9498 (rounded to four decimal places)
b. Proportion of adults aged 30
dash 49 who use the Internet:
Point Estimate = 741/833 = 0.8894 (rounded to four decimal places)
c. Proportion of adults aged 50 and over who use the Internet:
Point Estimate = 1058/1644 = 0.6438 (rounded to four decimal places)
d. Overall proportion of all adults using the Internet:
To estimate this, we need to combine the 'Yes' responses and the total respondents from all age groups. Add the number of 'Yes' responses together and divide by the total number of respondents.
Overall Point Estimate = (454+741+1058) / (478+833+1644) = 0.7386 (rounded to four decimal places)
HearIT, Inc., sells headphones and other listening devices. HearIT buys the goods from manufacturers and then resells them directly to consumers. HearIT does not pay cash to the manufacturers, but instead buys the inventory on credit, giving a security interest to the manufacturer. HearIT sells Judy a pair of headphones that later are repossessed by the manufacturer when HearIT fails to pay the manufacturer. In this situation, HearIT most likely violated:____________
Answer:
A warranty of no liens
Explanation:
HearIT has violated the warranty of no liens
Warranty: This can be defined as the assurance usually given by the seller of the existence of a fact on which the buyer can rely. Giving warranty is the duty of the seller, so buyers can sue the sellers in case of any breach in the agreement. instance, we have express warranty, warranty of title, implied warranty.
1) Warranty of Title
a) No Liens: Sellers usually give assurance to the customers that they are selling goods free from debt.
As in the case of HearIT, he has violated this contract by selling goods to Judy that are later repossesed by the manufacturer because the goods were bought on credit and HearIT failed to pay the manufacturer.
b) Good Title:This is the assurance given by the seller that the goods are not stolen goods.
2) No Infringements: It us a warranty given by the sellers to the buyers that their commodities are free from all kinds of infringement like patent right, copyright.
Except where disclaimed, a seller warrants that the goods delivered are free from any copyright, trademark, or patent claims by a third party.
Except where disclaimed, sellers warrant that they have good and valid title to the goods being sold and that they have the power to rightfully transfer title to the buyer. In other words, the goods aren’t stolen.
Except disclaimed, sellers warrant that the goods they are selling are free of any liens -- that is, any encumbrance on the goods or other property to satisfy a debt or protect a claim for payment of a debt (e.g., a security interest on personal property or a mortgage on real property).
2) Express warranty
3) Implied warranty
Kyle works for National Sporting Goods, where he manages critical data elements, such as identifying and acquiring new data sources, creating consistent reference data, and analyzing data for quality. Kyle is a _______.a. data stewardb. database administratorc. data managerd. data administrator
Answer:
The correct answer is a. data steward.
Explanation:
Database administrators manage and maintain computerized databases. They make sure they are safe and up to date. These professionals work on ways to reorganize databases to make them faster or easier to use. They create backup systems so that data is not lost if problems arise in the database.
Database administrators are responsible for the computerized databases of companies. Companies use databases to maintain and update large amounts of information in a structured way to be able to use it more efficiently. They ensure that the database is secure and is used effectively. The use and security of the information contained in databases are regulated by a strict data protection law.
It is the responsibility of the database administrator to ensure that only authorized persons can see very personal details, for example, medical information. In addition, citizens have the right of access to information that appears on them in databases; administrators may have to negotiate this access.
Database administrators work closely with database users, finding out if there is a problem and assessing the system's ability to meet the demand.
They also provide assistance to users, for example by showing them how to search the database for specific information. They can launch database reports (or reports) for users to execute. Database reports select, group and print certain data in several ways, for example, a monthly sales report. Some database administrators write user manuals and provide training for new staff.
Final answer:
Kyle manages critical data elements within his company and is thus best described as a data steward, whose primary role is to ensure the quality and appropriateness of data use.
Explanation:
Kyle is responsible for managing critical data elements such as identifying and acquiring new data sources, creating consistent reference data, and analyzing data for quality assurance. Considering these roles, Kyle is a data steward. A data steward typically oversees the life cycle of data, ensuring its appropriateness for use, its quality, and availability to meet business needs. The role is distinct from that of a database administrator who focuses on the technical management and maintenance of the database systems, or a data administrator whose role is more about systems and the environment surrounding the data. Effective data stewardship is essential for quality information management, and it includes tasks like maintaining the integrity, accessibility, and security of important data within an organization.
Use the following two statements to answer this question:I. The average total cost of a given level of output is the slope of the line from the origin to the total cost curve at that level of output.II. The marginal cost of a given level of output is the slope of the line that is tangent to the total cost curve at that level of output.A. I is true, and II is false.B. Both I and II are true.C. I is false, and II is true.D. Both I and II are false.
Answer:
B. Both I and II are true.
Explanation:
It is true that the average total cost of a given level of output is the slope of the line from the origin to the total cost curve at that level of output.
Average Total Cost tends to fall as output increases, and then rise as output continues to increase.
It is also true that the marginal cost of a given level of output is the slope of the line that is tangent to the total cost curve at that level of output.
The slope of the total variable cost curve is marginal cost. The relation between total cost and marginal cost is but another in the long line of applications of the total-marginal relation. The slope of the total cost curve (and total variable cost curve) is marginal cost.
Marginal cost (MC) is calculated by taking the change in total cost between two levels of output and dividing by the change in output. The marginal cost curve is upward-sloping.
A public relations firm tailors its advertising and promotional services according to the needs and preferences of specific customers. This exemplifies ________.
Answer: individual marketing
Explanation:
Individual marketing can also be called personalized marketing or one-to-one marketing is a marketing technique which tailors products and marketing programs to the needs and preferences of individual customers.
Individual marketing technique is applied directly to a specific consumer. It is aimed at satisfying customers wants individually.
Answer:
D. Individual marketing
Explanation:
Individual marketing also known as personalized or one on one marketing is a promotional or marketing tool used for separate entities. It involves the used of marketing strategy to personalize products to the needs and preferences of individual customers. It is also sometimes referred to as customized marketing. Major focus are placed on linking products with each individual and not the general market.
In individual marketing, the specific needs of the customer are met. With the aid of technology, it's become easier for companies to deliver individualized and customized products and services.
Which one of the following statements is true?
a) In a job-costing system, individual jobs use different quantities of production resources
b) In a process-costing system each unit uses approximately the same amount of resources.
c) An averaging process is used to calculate unit costs in a job-costing system.
d) Both (a) and (b) are true.
The Statements-In a job-costing system, individual jobs use different quantities of production resources, In a process-costing system each unit uses approximately the same amount of resources.-Both the statement are True
(D) Both (a) and (b) are true.
Explanation:
A job costing system is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract
For example:Job costing is required for deriving the cost of construction of a building,for designing a software
Process costing is a term that is used in cost accounting.
It is used to calculate the manufacturing cost of a Product.
A processing cost system is used during the mass production of the identical units .
A special-interest issue is one that a. allocates the cost of the activity in accordance with the benefits received. b. benefits a small, well-organized interest group at the expense of taxpayers or consumers. c. benefits everyone and imposes a cost on everyone. d. benefits a small, well-organized interest group but makes that group pay for the cost of the program.
Answer:
The correct answer is b. benefits a small, well-organized interest group at the expense of taxpayers or consumers.
Explanation:
The expression "special interests" is known. It refers to people and groups of them who lobby. This means trying to influence political authority according to their belief agenda.
It is a kind of political activism. A topic that is worth a second opinion.
In short, it is the group of people who try to influence government decisions according to the ideas that this group supports. An essential characteristic of these groups is that they do not try to become a government, but to influence already elected rulers or by being elected.
These groups receive other names, such as lobbyists, lobbying groups, activist groups.
Cora’s company sold equipment to a competitor on June 1, 2020, where they both agreed to an installment sales contract with a rate of 8%. If this contract requires 8 equal payments due annually starting June 1, 2020, then a:_______.
Answer:
in order for Cora's company to properly record this sale it must use the present value of the future payments.
First it must calculate the 8 equal payments (we could do it using a loan calculator or excel spreadsheet), and then it must calculate the present value of the payments either individually using PV = FV(n) / 1.08ⁿ or by using a table with the future value of the annuity.
Michael is preparing the company's cash budget. when preparing the cash disbursements section, he includes inventory, labor, overhead, selling expenses, administrative expenses, depreciation, dividends, and income taxes. what error did michael make? will cash disbursements be too high or too low as a result of this mistake?
a.michael failed to include credit sales in his estimate, which would make cash disbursements too low.
b.michael included depreciation in his estimate, which would make cash disbursements too high.
c.michael failed to include financing in his estimate, which would make cash disbursements too low.
d.michael included income taxes in his estimate, which would make cash disbursements too high.
Answer:
b.michael included depreciation in his estimate, which would make cash disbursements too high.
Explanation:
Cash disbursement is defined as outflow of cash that is paid in the process of obtaining goods and services. Cash disbursement can also be in the form of refunds to a customer or dividend payments.
Items we can include in cash disbursement include: inventory, labor, overhead, selling expenses, administrative expenses, dividends, and income taxes.
Depreciation is not part of cash disbursement as it does not involve outlay of cash, but rather reduction in value if assets.
Answer:
The correct option is (C). Michael failed to include financing in his estimate, which would make cash disbursements too low.
Explanation:
Financing is a big source of cash disursement since projects and programmes must be funded to get completed. Therefore, it will certainly make cash disbursement too low because a big spending source was ommitted as a mistake.
In 2017, Boeing announced that it was laying off 1,800 employees in addition to the 7,000 workers it had cut the year before. The laid-off employees who were not able to find jobs at another aircraft manufacturer due to a permanent decline in employee demand in the aircraft industry would be considered
a) structurally unemployed.
b) frictionally unemployed.
c) seasonally unemployed.
d) cyclically unemployed.
Answer:
A. Structurally Unemployed
Explanation:
Structural unemployment is unemployment resulting from changes in the pattern of demand for goods and services or changes in technology like in this case. These changes may in turn alter the structure of the total demand for labour rendering some particular skill less in demand or may become obsolete. The demand for other skill however may expand. Unemployment in this case is the result of the composition of the labour force which does not respond quickly to new structures of job opportunities. In this case, there's a decline for workers demand in aircraft industry, as a result, the laid of workers skills are not matched with the probable current jobs available.
Geraldine Parker, the owner of Gi Grs Dance Studio, Inc., started the business by investing $10,000 cash and donating a building worth $20,000. Identfy the general jourmal entry below that Gi Gřs will make to record the transaction. A. Cash 30. Common Stock 0,000 B. Common Stock 30 Cash 10,000 Building 20,000 C. Cash 10,000 Building 20.000 Common Stock D. Common S Stock 30,000 Retained Eamings E. Cash & Builing 30,000 Common Stock 30,000
Answer:
C. Cash 10,000 Building 20.000 Common Stock 30,000
Explanation:
To record the journal entry for investing cash in a business in exchange for common stock and a building to start the business,
Debit Cash $10,000
Debit Building $20,000
Credit Common Stock $30,000
Therefore, Gi Grs Dance Studio, Inc. invested cash in exchange for common stock as well as donated a building for business. In that case, two asset accounts increases, and an equity account establishes.
Sales in North Corporation increased from $60,000 per year to $63,000 per year while net operating income increased from $10,000 to $12,000. Given this data, the company's degree of operating leverage must have been:
Answer:
degree of operating leverage= 4
Explanation:
Giving the following information:
Sales in North Corporation increased from $60,000 per year to $63,000 per year while net operating income increased from $10,000 to $12,000.
The degree of operating leverage is the %change in the operating income, divided by the change in sales. It measures how much of the operating income varies with changes in sales.
degree of operating leverage= % change on income/ % change on sales
degree of operating leverage= [(12,000 - 10,000)/10,000] / [(63,000 - 60,000)/60,000]
degree of operating leverage= 0.2 / 0.05= 4
Final answer:
The degree of operating leverage for North Corporation is 4, calculated by dividing the 20% increase in net operating income by the 5% increase in sales.
Explanation:
The degree of operating leverage which is a financial concept used to describe the relationship between a company's fixed and variable costs, and its effect on the company's net operating income when sales change. In the given scenario, North Corporation's sales increased from $60,000 to $63,000, which is a 5% increase. Its net operating income increased from $10,000 to $12,000 which is a 20% increase. The degree of operating leverage can be calculated at any point by taking the percentage change in operating income and dividing it by the percentage change in sales. Therefore, the degree of operating leverage for North Corporation would be 20% / 5% = 4.
Ophelia works for Banderos Mexican Grill and is responsible for writing clear communications with employees, as well as for owned, paid, shared, and earned media that reach other publics. This is an example of the ability to write for:________.
This is an example of the ability to write for: Internal and External Publics.
Explanation:
Public relations (PR) presents an important guide for a company and its commodities to assist make assured the organization has the most powerful quality of interactions and concrete public perception. Internal public relations is the conversation that demands the situation within an organization.
Internal PR plays a vital role in the company's achievement. External publics are bodies and organizations that are customers doing business with a firm or company or organization. External Publics focuses on matters concerning the values, strategies, ideas, and perspectives of the company towards different groups of personalities in society.
34. A small company that shovels sidewalks and driveways has 100 homes signed up for its services this winter. It can use various combinations of capital and labor: lots of labor with hand shovels, less labor with snow blowers, and still less labor with a pickup truck that has a snowplow on front. To summarize, the method choices are: Method 1: 50 units of labor, 10 units of capital Method 2: 20 units of labor, 40 units of capital Method 3: 10 units of labor, 70 units of capital If hiring labor for the winter costs $100/unit and a unit of capital costs $400, what production method should be chosen
Answer: The last part of the question is missing which says ; what production method should be chosen? what production method should be chosen if the cost of labor rises to $200/unit.?
Explanation:
Since we are given that cost of labor $100/unit and cost of capital is $400/unit and since it is apparent that labor is cheaper than capital, hence method 1 should be chosen.
total cost of production in method 1;= ($50 x $100) + ($10 x $400) = $9000
total cost of production in method 2;= ($20 x $100) + ($40 x $400) = $18000
total cost of production in method 3;= ($50 x $100) + ($70 x $400) = $29000
As such, method 1 is the cheapest and should be chosen.
Similarly, if the price of labor rises to $200, then the total cost of production is calculated thus ;
total cost of production in method 1;= ($50 x $200) + ($10 x $400) = $14000
total cost of production in method 2;= ($20 x $200) + ($40 x $400) = $20000
total cost of production in method 3;= ($10 x $200) + ($70 x $400) = $30000
even as the cost of labor increases to $200, also method 1 should be chosen as it has the lowest total cost of production.
The company should choose Method 1, which involves 50 units of labor and 10 units of capital, as the most cost-effective production method.
Explanation:In order to determine the most cost-effective production method, we need to calculate the total cost of each method. Method 1 costs 50 * $100 for labor and 10 * $400 for capital, giving a total cost of $5,000 + $4,000 = $9,000. Method 2 costs 20 * $100 for labor and 40 * $400 for capital, giving a total cost of $2,000 + $16,000 = $18,000. Method 3 costs 10 * $100 for labor and 70 * $400 for capital, giving a total cost of $1,000 + $28,000 = $29,000.
From these calculations, we can see that Method 1 has the lowest total cost at $9,000. Therefore, the company should choose Method 1 as the most cost-effective production method.
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Your company is restructuring, and two layers of management have been eliminated. You now report directly to the national sales manager instead of a regional sales manager.
a) Flattened management hierarchies
b) Nonterritorial offices
c) Changing communication technologies
Answer:
A) Flattened management hierarchies
Explanation:
Organizations are usually shaped like pyramids, with the vast majority of the employees being at the bottom of the pyramid, and the number of supervisors and managers shrinking as you go up. Traditional organizations tend to have a lot of management levels and are very tall, while more modern organizations have much fewer management levels and are much shorter and flatter.
In this case, since two management levels have been eliminated, the organizational pyramid is shorter and flatter.
The perceThe percentage change in the price level from one time period to the next, whether the price level is measured in terms of money or as a price index, will be the _____________.ntage change in the price level from one time period to the next, whether the price level is measured in terms of money or as a price index, will be the _____________.inflation rateprice index rateconsumer price indexproducer price Index
Answer:
Consumer Price Index
Explanation:
The percentage change in the price level from one time period to the next, whether the price level is measured in terms of money or as a price index, will be the Consumer Price Index
The Consumer Price Index tracks changes in the cost of living over time
It also measures the change in the retail prices of a broad range of specific goods and services.
The percentage change in price level from one time period to the next is the inflation rate, calculated using a basket of goods and price index numbers, though it is subject to substitution and quality/new goods biases.
Explanation:The percentage change in the price level from one time period to the next, whether the price level is measured in terms of money or as a price index, will be the inflation rate. Economists measure the price level by using a basket of goods and services and calculating how the total cost of buying that basket of goods will increase over time. This cost is often expressed in terms of price index numbers, which transform the cost into a series of numbers in the same proportion to each other, typically basing it on a standard year set to 100. To measure economic inflation, the inflation rate is gauged as the percentage change between these price levels or index numbers from one period to another.
However, two significant problems can affect the accuracy of this measurement: substitution bias, where consumers may change their buying patterns in response to price changes, and quality/new goods bias, where improvements in product quality or new products introduced to the market can affect the price level.
Suppose that the economy is at long-run equilibrium. If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers, then in the short runa. real GDP will rise and the price level might rise, fall, or stay the same.b. real GDP will fall and the price level might rise, fall, or stay the same.c. the price level will rise, and real GDP might rise, fall, or stay the same.d. the price level will fall, and real GDP might rise, fall, or stay the same.
Answer:
d. the price level will fall, and real GDP might rise, fall, or stay the same.
Explanation:
Suppose that the economy is at long-run equilibrium. If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers, then in the short runa the price level will fall, and real GDP might rise, fall, or stay the same.
The certainty is that as immigration increases price level falls as a result of 2 things:
1. Immigration affects the prices of the inputs that are used to produce goods and services. Those inputs for which immigrant labor substitutes will suffer as the prices of their services fall. Therefore, an increase in the number of immigrants will generally decrease the wages of domestic unskilled workers.
2. Immigration affects the prices of the outputs of production process because as the number of workers increase, production ability and supply of goods and services increase and increased supply will definitely result in lower prices.
Which of the following is not typical of traditional costing systems? Use of direct labor hours or direct labor cost to assign overhead. Use of multiple cost drivers to allocate overhead. Use of a single predetermined overhead rate. Assumption of correlation between direct labor and incurrence of overhead cost.
Answer:
The correct answer is use of multiple cost drivers to allocate overhead
Explanation:
Use of direct labor hours or direct labor cost to assign overhead to products is typical of traditional costing systems as overhead is believed to have positive relationship with labor-related variables.
Besides,using a business-wide or plant-wide single predetermined overhead rate is not feature of traditional systems of costing.
Since labor-related variables such as direct labor hours or direct labor cost is assumed to be a driver of overhead cost,hence an appropriate overhead absorption basis,it is perfectly understood that there is correlation between direct labor and incurrence of overhead cost in the business.
Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew. He plays softball with his coworkers on the weekends. They also volunteer together at the local food bank during the holidays, and socialize with their families at summer picnics. Ramiro is highly satisfied with his job. Which of the following is the most probable cause of Ramiro's high job satisfaction?A) payB) promotionC) high stressD) social contextE) work itself
Answer:
D. Social Context
Explanation:
Social context generally refers to the immediate social setting in which people live and go about their daily activities. Social context or rather social environment in the workplace has a relatively strong connection to job satisfaction. Here, Ramiro is said to work with a nice crew which obviously makes doing the work a whole lot better, also plays softball on the weekends and volunteer in the same group with his coworkers. These social context he has going with his coworkers makes the job satisfactory for him. He's very active with his coworkers both on the job and off the job. If the reverse were to be the case, say, maybe he doesn't get along with his coworkers, the work becomes very unsatisfactory.
Pay cannot be the reason for his satisfaction because the pay is relatively low. Also, the fact he's been doing the same thing for 6 years shows promotion has nothing to do with his satisfaction. Neither does the work stress or the work itself.
Ramiro's high job satisfaction is most likely due to the social context of his job, emphasizing the role of coworker relationships and team activities in fostering a sense of belonging and satisfaction.
Explanation:The most probable cause of Ramiro's high job satisfaction is the social context at work. Research indicates that factors like friendships at work, social relationships, and engaging in activities like volunteering with coworkers can significantly contribute to job satisfaction.
Ramiro's high job satisfaction likely stems from the social context of his job rather than his pay, promotion opportunities, stress levels, or the work itself. Although pay and the nature of the work can influence job satisfaction, research suggests that the social aspects of work, such as the quality of relationships with coworkers and involvement in team activities, play a significant role. Ramiro enjoys playing softball with coworkers, volunteering at the local food bank, and socializing at summer picnics, highlighting the importance of camaraderie and shared values in fostering job satisfaction. The presence of close friendships at work and a sense of belonging can increase an employee's satisfaction and commitment to their job, making the social context a pivotal factor in job satisfaction.
A closed economy a. does not engage in international trade of goods and services. b. does not engage in international borrowing or lending. c. both A and B d. engages in international borrowing and lending.
Answer:
The correct option is C,both A and B
Explanation:
A closed economy is not opened to the idea of international trade, where its surplus commodities can be traded with other nations of the world in order to earn foreign exchange while at the same procuring from trading partners products required by its nationals not available at all in the economy or the ones that are not available in the required quantity.
A closed economy also assumes itself to be sufficient in the area of fiscal policy management by not engaging in international borrowing or lending arrangements.
Economic growth will A. be faster if more capital per hour is used because of increasing returns to capital. B. slow down or stop if more capital per hour is used because of diminishing returns to capital. C. not be affected because the key to economic growth is capital accumulation whether there are diminishing returns or not. D. not be sustained if developing countries stop accumulating capital because of diminishing returns to capital. Some economies are able to maintain high growth rates despite diminishing returns to capital by using A. better or enhanced technology, along with accumulating capital; these economies are growing because technology, unlike capital, is subject to increasing returns. B. a larger proportion of capital, thereby making their production capital intensive, so the sheer volume of capital protects them from diminishing returns to capital. C. a labor-intensive technology because labor, unlike capital, is not subject to diminishing returns. D. a newer production method that, if used properly, produces increasing returns to capital.
Answer: B and A
Explanation: Economic growth is the increase in the productive capacity of the economy. There will be a decrease in economic growth if more capital per hour is used as a result of the diminishing returns to capital.
Some economies maintain high growth rates despite diminishing returns to capital through the use of enhanced or better technology, coupled with accumulating capital. There are growth in such economies because unlike capital, technology is subject to increasing returns.
Answer:
1. D. not be sustained if developing countries stop accumulating capital because of diminishing returns to capital.
2. A. better or enhanced technology, along with accumulating capital; these economies are growing because technology, unlike capital, is subject to increasing returns.
Explanation:
Economic growth will not be sustained if developing countries stop accumulating capital because of diminishing returns to capital.
Capital formation and accumulation increases investment which effects economic development or growth in two ways. Firstly, it increases the per capita income and enhances the purchasing power which, in turn, creates more effective demand. Secondly, investment leads to an increase in production.
Some economies are able to maintain high growth rates despite diminishing returns to capital by using A. better or enhanced technology, along with accumulating capital; these economies are growing because technology, unlike capital, is subject to increasing returns.
Technological development is an important factor that increases the growth rate of economy at the macro level and profits of the firms at micro level.
Miller corporation has a premium bond making semiannual payments. the bond has a coupon rate of 11 percent, a ytm of 9 percent, and 15 years to maturity. the modigliani company has a discount bond making semiannual payments. this bond has a coupon rate of 9 percent, a ytm of 11 percent, and also has 15 years to maturity. both bonds have a par value of $1,000. what is the price of each bond today?
Answer:
The price of miller's bond today $1,162.89
The price of Modgliani's bond today $854.66
Explanation:
The approach taken to arrive at the prices was that of discounting the future cash flows in terms of semi-annual coupon interest payment and repayment of principal of the two bonds to today's terms.
In discounting the cash flows I used the pv formula in excel, pv(rate,nper,pmt,-fv)
rate is the semi-annual yield to maturity of 4.5% for Miller and 5.5% for Modgliani
The nper is 15*2( 15 for years, 2 for semi-annual interest payment)
pmt is the semi-annual coupon payable by the bonds,$55 for Miller and $45 for Modliani
The future value is $1000 and it is same for both bonds
Find the calculation in the attached
Austin is training his company’s supervisors in how to use the performance management system. He has explained the importance of ensuring that employees know what goals they are expected to achieve. Assuming the company has a well-designed performance management process, what would Austin tell the supervisors they should do next?
Answer:
Provide support and discuss performance regularly.
Explanation:
In this case, we can say that Austin would tell supervisors that they should provide support and discuss performance on a regular basis, as a company with well-designed performance management is premised on performance analysis and management.
This could be implemented in the company with supervisors focused on coordinating and controlling their subordinates in order to analyze and provide support and provide subsidies that assist in continuous improvement, motivation and increased work performance.