Answer:
C. Cultural forces
Explanation:
The cultural forces, along with, technological, political, demographic and economic forces are part of the macro environment.
The microenvironment is considered as entities or events that can be altered in a certain wat by the decision of the firm like which supplier they have. The terms and relationship with the competitors and their marketing campaigns.
A certain firm believes in providing its employees the best facilities. It decides to serve imported and expensive Colombian coffee and a variety of continental cuisines in its cafeteria. In this scenario, the firm's decisions and beliefs pertain to the domain of:a. ethical responsibility. b. pensatory justice. c. codified law. d. free choice.
Answer:
d. free choice
Explanation:
Yes! it is true that some of the firms provides their workers very good and comfortable facilities to work on. In the scenario which is given in the question , that what the firm has decided an what it belief led to domain of free choice.
Because free choice which is also known as freedom of choice. In this one has given multiple choice and he/she has also given freedom to choose any of the multiple choice.
And we can see that the firm is also providing multiple varieties as well.
In week 18 of 2011, employee earned gross pay of $560.00. The following deductions were taken out of gross pay by the employer: Federal taxes were $55.00, S.S. $9.50 and state taxes, $11.25. To calculate net pay, the function and formula to calculate net pay would be:__________
Answer:
The formula for calculating net pay would be;
Net pay=Gross pay-(federal taxes+social security+state taxes)
Net pay=$484.25
Explanation:
The gross pay is the total amount of pay without including the tax deductions while the net pay is the total pay after accounting for tax deductions. It is the amount that an employee actually receives on the pay day. The formula for determining the net pay is as follows;
N=G-D
where;
N=net pay
G=gross pay
D=tax deductions
And, D=F+S.S+S
F=federal taxes
S.S=social security tax
S=state taxes
As we can see, the tax deductions include; federal taxes, social security tax and state taxes.
In our case;
N=unknown to be determined
G=$560.00
F=$55
S.S=$9.50
S=11.25
D=F+S.S+S=55+9.5+11.25=$75.75
replacing;
N=(560-75.75)=$484.25
The formula for calculating net pay would be;
Net pay=Gross pay-(federal taxes+social security+state taxes)
Net pay=$484.25
To calculate net pay, subtract all deductions (federal taxes, Social Security taxes, and state taxes) from the gross pay. In this scenario, the employee's net pay for week 18 of 2011 is $484.25.
To calculate the net pay, we need to subtract all deductions from the gross pay. In this case, the employee's gross pay for week 18 of 2011 is $560.00. The deductions are federal taxes ($55.00), Social Security (S.S.) taxes ($9.50), and state taxes ($11.25). Therefore, the formula to calculate net pay would be:
Net Pay = Gross Pay - Federal Taxes - S.S. Taxes - State Taxes
Substituting the given values:
Net Pay = $560.00 - $55.00 - $9.50 - $11.25 = $484.25
Thus, the function and formula to calculate net pay result in the employee receiving a net pay of $484.25 for that week.
Suppose Juan has three job offers. He can earn $50,000 in Atlanta, GA; $70,000 in Boston, MA; or $100,000 in San Francisco, CA. If Juan wants to maximize the purchasing power of his income, which offer should he accept?
Answer:
To maximize the purchasing power of his income, Juand should accept the offert of Atlanta, GA.Explanation:
To answer this question you need the comparative costs of living in each of the trhee cities.
In a similar question, you can find the cost of iiving indexes for Atlanta, Boston, and San Francisco. Here is the table:
Cost of living index
City (100 = U.S. City average)
Atlanta, GA 98
Boston, MA 160
San Francisco, CA 245
Thus, to determine which offer Juan should accept to maximize the purchasing power of his income, divide each income by the cost of living index.
Atlanta, GA:
$50,000/98 = $510.20Boston, MA
$70,000/160 = $437.50San Francisco, CA
$100,000/245 = $408.16Rank the adjusted earnings in decreasing order:
$510.20 > $437.50 > $407.16Hence, in spite of the nominal earnings in Atlanta are the lowest, the higher cost of living indexes of the other cities, make that the offer from Atlanta the best one.
Juan should accept the job offer in San Francisco, CA to maximize his purchasing power.
Explanation:If Juan wants to maximize the purchasing power of his income, he should consider the cost of living in each city. One way to measure the cost of living is by using the concept of purchasing power parity (PPP). PPP takes into account the relative prices of goods and services in different locations and allows for a more accurate comparison of income across regions.
To calculate the purchasing power of Juan's income in each city, we can divide the salary by the cost of living index for that city. The cost of living index represents the relative cost of goods and services in a specific location compared to the national average, which is set at 100.
Let's assume the cost of living indexes for Atlanta, Boston, and San Francisco are 90, 120, and 150 respectively. To calculate the purchasing power of Juan's income in each city:
In Atlanta, his purchasing power would be $50,000 / 90 = $55555.56In Boston, his purchasing power would be $70,000 / 120 = $58333.33In San Francisco, his purchasing power would be $100,000 / 150 = $66666.67Therefore, if Juan wants to maximize his purchasing power, he should accept the job offer in San Francisco, CA as it offers the highest purchasing power of his income.
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A strategic vision for a company__________
a. concerns management's view of how to transition the company's business model from where it is now to where it needs to be.
b. spells out how the company is going to get from where it is now to where it wants to go and when it is expected to arrive.
c. consists of thinking through what it will take to make the chosen strategy work as planned.
d. involves how fast to pursue the chosen strategy and reach the targeted levels of performance.
e. describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.
Answer:
e. describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.
Explanation:
The vision is how the company will shape the future. How is going to be in term of culture, place in the market and consumer view of the brand.
It is the idealistic foundation of the firm. Is the goal as pure as it can be.
Later, with mision and objective it will break down into smaller part to reach that greater the vision entails
A strategic vision for a company describes e. "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.
Explanation:A strategic vision for a company is a clear, inspiring, and forward-looking statement that outlines the organization's long-term aspirations, goals, and desired future state. It serves as a guiding beacon, aligning the company's values and direction, and motivating employees to work collectively toward achieving the envisioned future success.
The vision for a company describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus. It spells out how the company is going to get from where it is now to where it wants to go and when it is expected to arrive. Additionally, it involves how fast to pursue the chosen strategy and reach the targeted levels of performance.
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Julia gives importance to both relationships and tasks. She clarifies task objectives and setting policies and budgets. She also provides aid and guidance to her subordinates. She acknowledges their accomplishments and allows them to provide suggestions. According to the situational theory of leadership, Julia has adopted the ________.
a. supporting leader style
b. entrusting leader style
c. directing leader style
d. coaching leader style
Answer:
a. supporting leader style
Explanation:
in a supporting leadership style, the head of the team is aim at developing his or her team member (sub ordinate), training them to be independent and guide them on how to achieve a given task.
in this scenario, Julia shows a supporting leadership style by:
providing aid and guidance to her subordinates and
acknowledging their accomplishments and allows them to provide suggestions.
She is trying to help her subordinate to achieve the challenge tasks given to them.
Blue Inc., a highly profitable consumer goods manufacturing company, invests in a number of social responsibility initiatives that in turn generate profit for the company. Which feature of corporate and social performance is illustrated in the given scenario?
Answer:
Virtuous Circle
Explanation:
Virtuous circle occurs when one good events feeds on itself to improve business further. In the question, blue inc. invested in social responsibilities initiative (a good event) which on turn generated profits for the company (improved the business), probably by the event leading them to having more loyal customers.
It is a self propagating advantageous situation in which a successful solution or events leads to more desired results or success. It creates a positive feedback loop, creating goodwill with the customers.
Organizations use ________ planning to determine what contributions the departments or work units can make toward the organization's strategic priorities and policies during the next 6 -- 24 months.
Organizations use Tactical planning to determine what contributions the departments or work units can make toward the organization's strategic priorities and policies during the next 6 -- 24 months.
Explanation:
Tactical planning is a precise ascertainment and scheduling of the paramount or short-term pursuits expected in fulfilling the aspirations of strategic planning. The tactical planning manner occurs in real-time, endeavoring short-term consequences. Possessing this methodology in point empowers the company to execute agile tactics to surpass within the corresponding sale.
In the tactical point, the business is reacting to urgent certainties. Tactical planning is abnormally frequent with performance-driven activities. Immobile job positions with recurring responsibilities like recording and making infrequently want a tactical plan because compatible is the most eminent state consequence in these job roles.
Ed bought $2,000 in stock shares one week before the stock price dropped $10.00. If he had waited for the price setback, he could have bought 10 more shares for the same amount. How many shares did he buy?
Answer:
He bought 40 shares.
Explanation:
Step 1: Determine the initial stock price
Use the expression below to determine the total initial stock price as shown;
T=S×s
where;
T=total initial stock price
S=initial stock price per share
s=number of shares
In our case;
T=$2,000
S=x
s=unknown
replacing;
2,000=x×s
s=2,000/x
Step 2: Determine the final stock price
Use the expression below;
F=f×s2
where;
F=final stock price=$2,000
f=final stock price per stock=(x-10)
s2=final number of shares bought=(2,000/x)+10
replacing;
2,000=(x-10){(2,000/x)+10)
2,000=x(2,000/x)+(10 x)-10(2,000/x)-100
(2,000=2,000+10 x-20,000/x-100)x
2,000 x=2,000 x+10 x²-20,000-100 x
2,000 x-2000 x=10 x²-100 x-20,000
10 x²-100 x-20,000=0
solving quadratically;
x=[100±√{100²-(4×10×-20,000)}]/(2×10)
x={100±√(10,000+800,000)}/20
x=(100±900)/20
x=1,000/20=50
Initial stock price=$50
Number of shares bought=2,000/x=2,000/50=40
He bought 40 shares.
Susan used to work as a telemarketer, earning $25,000 per year. She gave up that job to start a catering business. In calculating the economic profit of her catering business, the $25,000 income that she gave up is counted as part of the catering firm's:
a. total revenue
b. implicit costs
c. explicit costs
d. marginal costs
Answer:
b. implicit costs
Explanation:
Implicit costs refer to opportunity costs. Opportunity cost refers to the monetary value of the options foregone when an individual opts for another option instead.
In the given case, Susan foregone $25000 per year which she was earlier making, in exchange for starting a new catering business. This depicts loss of opportunities foregone in the form of $25,000 income which she could've continued earning had she not decided to shift to catering business.
Thus, $25,000 denotes an implicit or indirect cost incurred for starting the catering business.
The $25,000 that Susan gave up from her previous job to start a catering business is considered an implicit cost when calculating her catering firm's economic profit.
Explanation:The $25,000 income that Susan gave up to start a catering business would be counted as part of the catering firm's implicit costs. Implicit costs are those costs that represent the opportunity costs of using resources owned by the firm for its current purpose rather than the next best alternative. In this case, the next best alternative for Susan was her job as a telemarketer, making $25,000. Therefore, when calculating the economic profit of her catering business, this foregone salary must be considered as an implicit cost. This means the correct answer to the question is b. implicit costs.
Selden has provided sage tax advice to QRS Co. for many years. QRS has invited Selden to join its board of directors. Which of the following is advice that Selden should heed? Because as a tax professional he need not worry about independence, it is perfectly fine for Selden to join the QRS board. Because Selden's position as a director will be fully disclosed, he need not worry about threats to objectivity. If QRS wishes to tap Selden's expertise, it would probably be preferable to have him serve as a consultant to the QRS board rather than to join the board as a member. It would never be acceptable for Selden to serve on the QRS board.
Answer:
If ORS wishes to tap Selden's expertise ,it would be preferable to have him serve as a consultant to the QRS board rather than joining the board as a member
Explanation:
The conduct of professionals are guided by a set of rule called code of ethics so that they can be well guided in certain situation at any time in the point of duty.
The five fundamental principle of the code of conduct are objectivity , professional behavior , professional competence and due care , integrity and confidentiality.
In this scenario , the objectivity of of Selden is threatened if he joins the board and still continue to carry out the tax advisory service.
The situation is better managed if he serves as a consultant to the board members.
The correct advice that Selden should heed is: If QRS wishes to tap Selden's expertise, it would probably be preferable to have him serve as a consultant to the QRS board rather than to join the board as a member.
Selden, as a tax professional who has provided advice to QRS Co. for many years, should consider the implications of joining the board of directors from an independence perspective. Independence is a critical aspect of a board member's role, as it ensures that decisions are made without bias or conflict of interest. The first option suggests that Selden need not worry about independence, which is not correct. Independence is crucial for all board members, including those with specialized expertise like tax professionals.
The second option suggests that disclosure of Selden's position as a director would mitigate threats to objectivity. While disclosure is important, it does not negate the need for independence. Objectivity could still be compromised if Selden has a vested interest in the company as a board member.
The third option is the most appropriate because serving as a consultant would allow Selden to provide his expertise without being involved in the governance of the company. This would help maintain his independence and avoid potential conflicts of interest that could arise if he were a member of the board.
The fourth option is too absolute and not necessarily true in all circumstances. There could be situations where it might be acceptable for a professional to serve on a board, provided that all conflicts of interest are managed appropriately and the professional maintains independence in their advisory role.
Therefore, the best advice for Selden is to consider serving as a consultant rather than joining the board, as this would allow him to provide his expertise while maintaining the necessary level of independence and avoiding potential threats to his objectivity.
One of the benefits of being a sole proprietorship is ----------, which is evidenced by a sole proprietor being completely free to make decisions about the firm's operations, location, expansion plans, business hours, and other details.
Answer:
Freedom & Independence
Explanation:
Sole Proprietorship is business owned , managed & run by a single entrepreneur. In this case, entrepreneur & business entity single, & not separate entities.
Advantage of this business form is that :
Business ease to start, manage & dissolve Entrepreneur can take & implement decisions, without any delay in decision making process. Entrepreneur can be flexible in firm's decision making. Entrepreneur has best incentive & motivation to work, as all business profits are his/ her own.So, Sole Proprietor has full authority to take firm's decision & full responsibility of those decisions result on firm's as well as his/her own life. This incentive system is a merit of the Sole Proprietorship.
These often managerial level decisions occur in situations in which a few established processes help to evaluate potential solutions, but not enough to lead to a definite recommendation decision
Semi structured Decisions are often managerial level decisions occur in situations in which a few established processes help to evaluate potential solutions, but not enough to lead to a definite recommendation decision.
Explanation:Decisions that are repetitive and follow a definite routine process refers to a structured decisions. Unstructured decisions are those that are not repetitive in nature and they are not in routine way. Semi structured decisions falls between these two categories of decisions.
In semi structured decisions, some judgment made by human and also some agreement on the method of solution is very essential. For instance, decisions that are related to the production or new products and decisions that are associated with making changes in the benefits that are attained by employees are ranging form unstructured decisions to semi structured decisions.
Use the following information to calculate GDP. You may calculate GDP from either the expenditure side or the income side of the accounts.
Government purchases of goods and services 3,200
Consumption 11,500
Compensation of employees 9,100
Business structures and equipment investment 1,500
Residential investment 500
R&D expenditures 200
Corporate profits 1,500
Rent 300
Interest 1,000
Proprietors income 200
Change in business inventories -100
Taxes on production and imports 2,000
Government transfer payments 1,800
Exports 1,500
Imports 2,000
Depreciation 2,000
Statistical discrepancy 200.
a. Calculate GDP
b. Calculate National Income.
Answer:
Explanation:
GDP formula :
GDP = consumption+ residential investment + change in business inventory+ business structure and equipment investment +government purchases of goods and services+ R$D expenditure+ export - import
Consumption 11,500
Residential investment 500
Change in business inventories -100
Business structures and equipment investment 1,500
Government purchases of goods and services 3,200
R&D expenditures 200
Corporate profits 1,500
Taxes on production and imports 2,000
GDP= 11500+500-100+1500+3200+200+1500-2000
= 16300
National income= GDP - depreciation
= 16300-2000
= 14300
Which of the following activities is included in strategy implementation? A. Develop a strategy-supportive culture and create an effective organizational structure. B. Develop a SWOT Matrix C. Establish annual objectives and develop a vision statement. D. Redirect marketing efforts and prepare a vision statement. E. Motivate employees and establish a mission statement.
Explanation:
Option A: The organizational structure plays a major role creating success stories of the organization as well to run process in a smoother way.
Option B: SWOT analysis or matrix is a must that everyone has to do to identify Strength, weakness, opportunities and threats. This is one of the best self-analysis tools.
Option C: There should be short term goal and long term goal to carry forward in the right path which can also be termed as "annual objectives". Developing vision equally contributes to the activities in strategy implementation.
Option D: Valid pointer
Option E: Motivating employees is the best tool to bring success to the organization.
Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beans are then transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at July 31:
ACCOUNT Work in Process—Roasting Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
July 1 Bal., 30,000 units, 10% completed 121,800
31 Direct materials, 155,000 units 620,000 741,800
31 Direct labor 90,000 831,800
31 Factory overhead 33,272 865,072
31 Goods transferred, 149,000 units ?
31 Bal., ? units, 45% completed ?
Required:
1. Prepare a cost of production report, and identify the missing amounts for Work in Process—Roasting Department. If an amount is zero, enter "0". When computing cost per equivalent units, round to the nearest cen
To prepare a cost of production report for the Roasting Department at Hana Coffee Company, one must add the initial balance to the costs incurred in the current month, subtract the cost of units transferred, and determine the cost associated with the units still in process.
The data provided gives us enough information to compute the cost of production for the Hana Coffee Company's Roasting Department.
We start with the initial balance of $121,800 for 30,000 units that were 10% completed.
Then, we add the costs incurred in that month: $620,000 for direct materials, $90,000 for direct labor, and $33,272 for factory overhead. These amounts sum up to $865,072.
This represents the total costs that were associated with 149,000 units that were transferred out of the Roasting Department and into the Packing Department.
The remaining balance represents the cost associated with a certain number of units that are 45% completed.
To find this number, we would subtract the cost of the goods transferred out from the total costs.
This would give us the ending balance for Work in Process - Roasting Department.
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Warrants exercisable at $20 each to obtain 10,000 shares of common stock were outstanding during a period when the average market price of the common stock was $25. Application of the treasury stock method for the assumed exercise of these warrants in computing diluted earnings per share will increase the weighted average number of outstanding common shares by:
Answer:
OUR ANSWER IS 2,000 SHARES
Explanation:
Application of treasury method is used for excising the warrants:
outstanding common shares =number of shares × excersiable price
market price
=10,000 shares × $20
$25
=8,000 shares
After the warrant have been excersied,the increase in weighted average number of outstanding common shares is as follows:
increase in weighted average} =10,000 shares -8,000 shares
number of shares }
= 2,000 shares
The weighted number of outstanding common shares by 2,000 shares
What are the three types of projects based on the amount of change involved?
Answer: The three types of projects based on the amount of change involved are 1. platform projects, 2. Derivative projects, 3. Break through projects.
Explanation:
1. Platform projects: A project involving basic changes in the existing products or services or in the methods in which products or services are made and delivered. The next generation of products for a company lies under these projects.
2. Derivative projects: A project involving additional or smaller changes in the product is consider to be derivative projects.
3. Break through projects: The common characteristics of breakthrough projects are to create and capture a new market opportunity, execution of an initiative which is challenging , and to achieve a particular results or outcomes that are unparalleled for the team or a company.
Mary owns her own consulting business. Among her employees are: Sue—the receptionist and a single mother of three Joe—the web designer and marketing manager, single, has an MBA Alan—a married salesman who makes few sales and cares for an elderly parent Carla—an unmarried salesperson who makes the majority of the company’s salesAssume that Mary agrees with libertarian theories. All of the following are possible except:_____________--
Answer:
Mary would expect the government to tell her how to pay the employees.
Explanation:
Which of the following statements is true? Gross private domestic investment less depreciation is net private domestic investment. Gross private domestic investment divided by depreciation is net private domestic investment. Gross private domestic investment plus depreciation is net private domestic investment. Net private domestic investment less depreciation is gross private domestic investment.\
Answer:
Gross private domestic investment less depreciation is net private domestic investment.
Explanation:
Investment is addition to capital stock during a period of time. Depreciation is fall in value of fixed (capital) assets due to usage, wear & tear, obsolescence.
Gross Private Domestic Investment = Total addition to capital stock by private domestic sector, without accounting for depreciation of existing capital stock.
Net Private Domestic Investment = Addition to capital stock by private domestic sector, accounting for depreciation deduction of existing capital stock.
So, Gross Private Domestic Investment - Depreciation = Net Private Domestic Investment.
How did the influential economist John Maynard Keynes explain his remark that though economics is an easy subject compared with the higher branches of philosophy or pure science, it is a subject at which few excel?
Answer:
B) Good economists must possess a rare combination of gifts.
Explanation:
Economics is a social science that focuses on studying scarcity. Since all resources are scarce, economics tries to determine how to allocate resources more efficiently in order to produce the most possible benefits. We are all economists whether we like it or not. When we spend our money (scarce resource) we try to get the largest benefit out of it, the same applies to our time. We decide to study for a test and get a good grade, or simply take a very long nap.
The problem with economics and all social science, is that they are not exact. There is no possible way a scientific research can be done that includes all the economy, there are simply too many billions of transactions and different combinations that it is impossible to do it. Some microeconomics studies can be carried out but only considering a single company or industry and few factors.
Economists must base their research upon past events and develop models that can predict future events. Sadly but true, even meteorologists have a higher percentage of correct predictions than economists.
The few good economists must be very good at math, history, politics, philosophy, psychology, developing abstract ideas and make them concrete ideas, and last but not least must be able to explain all of this to others and convince them.
The problem with applying economic models to the real world are the changing expectations of the general public (psychology and philosophy). One of my teachers had a great saying, "the mouth is the most sensitive organ in your body, but your pocket is by far the most sensitive part".
Transaction C I G X M Paolo buys a new set of tools to use in his plumbing business. Kenji buys a sweater made in Guatemala. Lucia gets a new video camera made in the United States. Kenji's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
Answer:
Paolo buys a new set of tools to use in his plumbing business. I: Paolo is investing in his plumbing business by purchasing tools.
Kenji buys a sweater made in Guatemala. M: Kenji is purchasing an imported good which decreases the GDP.
Lucia gets a new video camera made in the United States. C: Lucia's purchase increases private consumption.
Kenji's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. X: Kenji is exporting services to an Australian firm.
The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. G: the state government spent money on repaving a highway.
The student's question can be addressed by examining different economic activities related to international trade and their roles in the global marketplace. Transactions like consumer purchases, government spending, and foreign consultancy are examples that highlight consumption, investment, government spending, and exports or imports in an economy.
Explanation:The student's question requires an understanding of how international trade and transactions are classified within an economy. The examples provided illustrate various types of economic activities. For instance, Paolo buying a new set of tools for his business represents investment (I), whereas Kenji's sweater purchase is an import (M) since it's made in Guatemala. Lucia buying a U.S.-made video camera counts as consumption (C), while Kenji's consulting services provided to an Australian firm would be an export (X). Lastly, the repaving of the highway by the state of Pennsylvania is an example of government spending (G).
We recognize the global marketplace through the distribution and sale of goods and services that cross international borders. Examples like the Seattle couple staying in a Mexican hotel, the city of Dallas buying local computer paper, or the various origins of our daily consumer goods underscore the vast network that is global sales, labor, and production.
These economic activities are interconnected and together, they make up the components of a nation's gross domestic product (GDP), which is calculated as C + I + G + (X - M). Understanding how each transaction fits into these components helps us grasp the complex nature of economics in a globalized world.
Jeans Unlimited produces clothing for young adults. It designs its clothes at its New York headquarters and produces them at facilities located in two Southeast Asian countries. The company recently received negative press after one of its facilities was found using questionable labor practices, such as, employing children and operating in a manner that damages the environment. Jeans Unlimited plans to set up new facilities that are designed specifically to reduce impact on the environment. The management has emphasized on recycling and reusing most of their resources. What concept is the company emphasizing on in this scenario?
Answer: Material Efficiency
Explanation: Material Efficiency is concerned with the use of physical processes that uses less material to produce higher outputs using recycled materials thereby reducing wastes.
Material efficiency uses the strategy of re-manufacturing and modular manufacturing, reuse and recycling of product components, using less material in product designs and redesigning manufacturing processes to use less energy, less water and less raw materials.
Material efficiency help not only in reducing manufacturing costs but also in reducing wastes and associated costs.
Jane and Joseph Sechrist signed a contract to have a swimming pool built in their backyard for $10,000. The salesman for the pool company signed the contract as well on a space marked "Salesperson." Two days after the contract was signed, the salesman called the Sechrists back and asked them to come in and sign a new contract for $11,000 because the vice president had not approved the original price. Jane has checked the contract and discovered that there is no language that requires the approval of anyone other than the salesperson. Jane and Joseph can have their pool built for $10,000 because:
Answer:
The Contract made through the salesperson is binding on the pool company.
Explanation:
First what is a salesperson? It represents either an entity or an individual is sells or promotes the sales of goods or the offering of services. The key to this question is that a salesperson is usually employed to sell on behalf of a company, therefore, they have the contractual capacity to make deals binding on the company.
Since, the salesperson of Schrist signed the contract for $10,000 and it is not written that the approval of any other is required. The contract signed with Schrist by Jane and Joseph is binding and they can have their pool built for $10,0000.
Over the past 30 years, the price of oil has been relatively unstable, fluctuating between $11.00 and well over $100 per barrel Which of the following potentially contributes to oil-price instability? Oil prices are relatively unstable because the income elasticity of demand for oil is negative the market for oil is relatively competitive OPEC has been successful in controlling the quantity of oil its members supply the demand for oil is elastic. the supply of oil is inelastic.
Answer:
The best answer here is; the market for oil is relatively competitive.
Explanation:
Prices for oil are determined by market supply which is affected by various elements.
Over the past 30 years, the price of oil has been relatively unstable, fluctuating between $11.00 and well over $100 per barrel Which of the following potentially contributes to oil-price instability is the market for oil is relatively competitive.
The instability of oil prices over the past 30 years can be attributed to several factors. One such factor is the influence of the Organization of Petroleum Exporting Countries (OPEC). According to economist John C. B. Cooper's research on price elasticities, OPEC's strategy of supply control is able to exert significant upward pressure on oil prices due to the inelastic demand for oil. This inelasticity implies that consumers' demand for oil does not change proportionately with changes in price, especially in the short run. As a result, OPEC has been successful in manipulating the market to increase profits.
Another factor contributing to oil price volatility is the nature of supply and demand dynamics. When prices are high, suppliers are motivated to enter the market or increase production. Conversely, when prices fall, as they did around 2015, suppliers exit the market, as seen with the decline of active drilling rigs in the U.S. This supply-side response to price changes can lead to rapid shifts in oil availability and consequently in prices. Additionally, global events and technological advancements rapidly alter the landscape of oil production and consumption, further contributing to price instability.
Hence, The market for oil is relatively competitive.
Danielle is a manager at a restaurant. The employees bring to her notice that they are dissatisfied with their jobs; they feel they are not paid enough for the number of hours they work. They demand a 20 percent increase in their salaries and a two-hour reduction in their working hours. After several rounds of negotiations, both Danielle and her employees agree on a 15 percent salary hike and a reduction of one hour in their working hours. The concept of _____ is illustrated in this scenario.
Answer:
Compromise
Explanation:
This is the process where parties to negotiation shift their grounds in order to find lasting solution to a problem.
It is used in a win-loose situation like this so as to satisfy the needs of all parties involved.It is similar to sharing a piece of pie,where whatever share Mr A gets Mr B looses,but everyone has a fair share of the pie.
It is very essential as it brings about mutual understanding and solution to the problem at hand.
Sven and Ingrid Allgertson developed the idea for their thriving business while awaiting the birth of their first child, Olga. Finding nowhere to purchase fine handmade baby clothing and other items, the couple decided to start their own business. Neither Sven nor Ingrid imagined justhow successful this endeavor would turn out to be for them. Their designer baby clothes and products were an instant hit in the world marketplace. And even though the baby items are quite expensive to purchase, shoppers from around the world are only too happy to spend large sums of money on their beloved children. Originally S & I Creations only sold products within Sweden, but soon global demand necessitated the company offer its products in several other foreign markets. Now the proud parents of baby Olga are also the proud owners of a $10 billion per year business. Sven and Ingrid cannot wait to see what the future holds for their family and their business operations.When S & I Creations exports its products to foreign marketplaces, which one of the following ismost likely to be affected for the country of Sweden?a. the trade balance of Swedenb. the World Bank c. the services balance of Swedend. the FDI of Swedene. the income balance of Sweden
Middle managers spend most of their time a. on the telephone. b. managing inventory. c. in meetings. d. implementing plans of top managers. e. supervising production employees.
Answer:
D
Explanation:
Middle-level managers are accountable to carrying out the goals set by top management. They do so by setting goals for their departments and other business units. Middle managers can motivate and assist first-line managers to achieve business objectives. Middle managers may also communicate upward, by offering suggestions and feedback to top managers.
Barber Corporation purchased all the assets of TECO Corporation for $1,820,000. An appraisal yielded the following: the building had a fair market value of $1,200,000; equipment a value of $1,000,000; and office equipment a value of $400,000. What is the depreciable basis for the office equipment?a. $400,000
b. $300,000
c. $280,000
d. $250,000
Answer:
c. $280,000
Explanation:
The depreciable basis for each class of asset given is based on the fair market value of these assets. This is used as the basis for apportionment.
Given;
Total purchase cost of assets = $1,820,000
Fair value of ;
Building = $1,200,000
Equipment = $1,000,000
Office equipment = $400,000
The depreciable basis for the office equipment
= ($400,000/($400,000 + $1,000,000 + $1,200,000)) × $1,820,000
= ($400,000/$2,600,000) × $1,820,000
= $280,000
Dr. Andrew's system of practice for treating individuals with abnormalities relies heavily on the concepts of the unconscious mind, early development, and inhibited sexual impulses. Dr. Andrew is most likely to be a proponent of the _____ theory.
a. spiritual
b. social conflict
c. cognitive
d. psychanalytic
Option D
Dr. Andrew is most likely to be a proponent of the psychanalytic theory.
Explanation:Psychoanalytic psychoanalysts examine mental obstacles as rooted in the unconscious mind. Evident indications are begun by underlying (hidden) disorders. Psychoanalysis is generally employed to tackle distress and stress dysfunctions. The psychoanalytic action dawned on the clinical investigations and formulations of Freud.
Freud inferred that certain distressing occurrences were suppressed, or endured back from knowing consciousness. Psychoanalysis would be a long manner, suggesting many concourses with the psychoanalyst. The psychoanalyst practices numerous procedures as support for the client to improve shrewdness into their performance.
The sales team at Rue and West Bros., a logistic company, has successfully met its target for profits specified last year. Upon its success, the CEO of the company set new targets for the sales team in the coming financial year. In this scenario, the sales team will move to the _____ stage of group development.
Answer:
The sales team will move to the Transforming stage of group development
Explanation:
Bruce Tuckman developed 5 stages of group development.
1) Forming Stage - In this stage the team required high degree of guidance from the manager also the role are unclear in this stage and processes are also not well established.
2) Storming Stage - In this stage the group starts understanding how team decisions are made and purposes in this stage are very clear but the team relationship need to be bonded yet.
3) Norming Stage - In this stage teams relationships starts to bond and understood by the group all members are committed to the team goals and starts trying to achieve it as a team.
4) Performing Stage - In this stage Teams are committed to perform well and the focuses are bends towards the strategies that are made by team to achieve goal and bound with little oversight.
5) Adjourning/ Transforming Stage- In this basically after achieving the goals/target team starts breaking up is known as Adjourning stage and the stage at which after achieving the goal the teams move forward to achieve goal and set new targets is known as Transforming stage.