Answer:
After you are done taking notes from a speaker, you should review your notes and clarify.
Explanation:
A company produces and sells 2,500 sets of silverware each year. Each production run has a fixed cost of $200 and an additional cost of $5 per set of silverware. To store a set for a full year costs $4. What is the optimal number of production runs the company should make each year
In business, determining the optimal number of production runs involves minimizing total costs by considering fixed, variable, and storage costs.
The optimal number of production runs a company should make each year can be determined by finding the point where the total cost is minimized. In this case, we need to calculate the total cost for different numbers of production runs and find the number that results in the lowest total cost.
Total cost = (Fixed cost per run x Number of runs) + (Variable cost per set x Number of sets) + (Storage cost per set x Number of sets)
By plugging in the given values, we can determine the optimal number of production runs that minimizes total cost.
Helena Furnishings wants to sharply reduce its cash conversion cycle. Which of the following steps would reduce its cash conversion cycle? Select one: a. The company increases its average inventory without increasing its sales. b. The company reduces its days sales outstanding (DSO). c. The company starts paying its bills sooner, which reduces its average accounts payable without reducing its sales. d. Statements a and b are correct. e. All of the statements above are correct.
Answer:
Option B. The company reduces its days sales outstanding (DSO).
Explanation:
As we know that:
Cash conversion Cycle = Receivable days + Inventory days - Payable days
Option A says that the increasing inventory without increasing sales will reduce the cash conversion then it is incorrect because increase in inventory keeping sales constant, increases the inventory days which will increase the cash conversion cycle. So the statement is incorrect.
Option B says that the reduction in Days Sales Outstanding which is also known as receivable days will result in decrease in cash conversion cycle then it is correct because we can see from the equation that reduction in receivable days will reduce the cash conversion cycle.
Option C says that the paying bills sonner by keeping the sales same will decreases the cash conversion cycle then it is again incorrect because reduction in payable days increases the cash conversion cycle.
Option D and E are incorrect because option B is the only statement that is correct.
To reduce its cash conversion cycle, Helena Furnishings should reduce its days sales outstanding (DSO) and start paying its bills sooner without reducing its sales.
Explanation:To reduce its cash conversion cycle, Helena Furnishings should reduce its days sales outstanding (DSO) and start paying its bills sooner without reducing its sales. Increasing average inventory without increasing sales would actually lengthen the cash conversion cycle, as it would tie up more cash in inventory. Therefore, the correct answer is option b: The company reduces its days sales outstanding (DSO).
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Managers can quickly forecast the total contribution margin by multiplying the
Answer: projected sales revenue by the contribution margin ratio
Explanation:
The total contribution margin that is generated by an entity shows the total earnings that is available to pay for a fixed expense and to generate a profit.
Total contribution margin (CM) is calculated when the total variable costs TVC is subtracted from total sales S. The contribution margin per unit is equal to the sales price per unit minus the variable costs per unit.
Suppose that the reserve requirement for checking deposits is 10 percent and that banks do not hold any excess reserves. if the fed sells $1 million of government bonds, the economy's reserves by $ million, and the money supply will by $ million.
Answer:
$10 million.
Explanation:
1. A ratio required by the reserve is the ratio of 10% and without excess reserves, we have the money multiplier as 1/.10 = 10. Assuming
the Fed sells bonds of $1 million, the reserves will decrease by $1 million and the money supply will contract by 10 x $1 million = $10 million.
2. Sometimes, the banks may wish to hold it excess reserves, assuming they need to hold the reserves for the use of their day-to-day transaction, which includes, making change, paying other banks for customers' transactions, cashing paychecks and others. Assuming banks increase excess reserves such that there will be no overall change in the total reserve ratio, that mean that the money multiplier will not change and there will not be effect on the supply of money.
Explain how each of the following will affect the net public debt, other things being equal. a. Previously, the government operated with a balanced budget, but recently there has been a sudden increase in federal tax collections. The net public debt ▼ increases remains unchanged decreases . b. The federal government had been operating with a very small annual budget deficit until three successive hurricanes hit the Atlantic Coast, and now government spending has risen substantially. The net public debt ▼ increases remains unchanged decreases . c. The General National Mortgage Association, a federal government agency that purchases certain types of home mortgages, buys U.S. Treasury bonds from another government agency. The net public debt ▼ increases decreases remains unchanged .
Answer:
A. - The net public debt decreases
The net public debt decreases because the government has obtained more funds in tax revenue. For this reason, the government will likely run a budget surplus.
B. - The net public debt increases
The government was already running a budget deficit (albeit a small one). With the effects of the hurricane, the government will have to spend more to help the people affected, and will likely have to borrow even more, increasing its deficit.
C. - The net public debt remains unchanged
There was a transfer of funds from one government agency to the other, and the net effect of such transfer is likely to be very small to make any significant change in the net public debt. The net public debt remains unchanged.
When federal tax collections rise, the net public debt decreases. If unexpected events lead to an increase in government spending such as in the case of hurricanes, the net public debt increases. When one government agency buys U.S. Treasury bonds from another government agency, the net public debt remains unchanged.
Explanation:The impact of specific events on the net public debt can be understood within the context of budgetary decisions and the wider economy:
a. With a sudden increase in federal tax collections, the government is collecting more money which it can use to pay for its expenditures. This leads to a situation where the government would theoretically have a surplus and not need to borrow additional funds, thus, the net public debt decreases.
b. When unexpected events such as natural disasters occur, the government often has to increase spending to provide relief, rebuild infrastructure, and stimulate the economy. The increase in expenditures without corresponding revenue may lead to a deficit, requiring the government to borrow. Therefore, the net public debt increases.
c. When one government agency buys U.S. Treasury bonds from another, it doesn't really change the overall public debt since both entities are part of the government. This kind of intergovernmental transfer does not bring in new net funds or decrease existing obligations. Thus, the net public debt remains unchanged.
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Happy Helpers Maid Service is calculating its standard direct labor rate. The direct labor rate is $19 per hour. Happy Helpers incurs payroll tax expense of 12% of the direct labor rate and incurs costs for sick-days and vacation days of $3 per hour. What is the standard rate per direct labor hour?
Answer:
$24.28
Explanation:
Direct labor rate = $19 Payroll tax expense = 12% Costs for sick minus days = $3
112% of $ 19 = $21.28
Fringe benefits = $3
Total= 21.28+3 = $24.28
Amy was brought up to be honest in her relationships. She always felt confident in her relationships since honesty was at their foundation. Over the years, she has found it difficult to be honest in her work environment since it seems to sometimes have a negative impact on her career. She is not always honest with her supervisor or coworkers. This is an example ofa. poor social responsibility.b. modeling values.c. an organization lacking an ethics code.d. values drift.
Answer:
d. values drift.
Explanation:
Values drift is the slow erosion of your core values over time; those tiny changes can steer you off course.
Final answer:
The struggle between personal values and professional expectations regarding honesty in the workplace is exemplified by Amy in this scenario, highlighting the importance of integrity and ethical communication.
Explanation:
Modeling values is the correct option in this scenario. Amy's struggle to maintain honesty in her work environment, despite valuing honesty in relationships, reflects the challenge of aligning personal values with professional expectations. Integrity and ethical communication are crucial in fostering trust and loyalty in the workplace, as highlighted by leadership experts and professionals like Barb Crump.
Teknikal Inc. decides to implement a new performance management system. It consists of a list of five traits used to evaluate all the employees. The manager considers one employee at a time and, on a continuum with different points, circles the number that signifies how much of a particular trait the individual has. Which type of performance management system is Teknikal Inc. using?
Answer:
Graphic Rating Scale
Explanation:
Graphic rating scale is a method used in evaluating the performance of an employee or put simply, performance appraisal of an employee. It involves listing out expected traits that the employees should posses and then rating the employees on a numbered scale for each trait. It is probably the most simplest and popular form of performance appraisal. In this case, Teknikal uses a five traits to evaluate all its employees which are assigned numbers by the manager according to the degree he/she feels the employee possesses said traits.
Barbara is a producer in a monopoly industry. Her demand curve, total revenue curve, marginal revenue curve and total cost curve are given as follows:
Q = 160 - 4P TR = 40Q - 0.25Q2 MR = 40 - 0.5Q TC = 4Q MC = 4
The price of her product will be ________.
Answer:
22
Explanation:
A monopoly will maximize profit at MR = MC ( marginal revenue = marginal cost)72
MR =MC
40 -0.5 Q = 4
-0.5 Q = 4 - 40 = -36
Q = -36 / -0.5 = 72
The price of the her product
Q = 160 - 4P
4P = 160 - 72 = 88
P = 88 / 4 = 22
The price of Barbara's product will be $22.
Explanation:To determine the price of Barbara's product, we need to find the equilibrium point where marginal revenue equals marginal cost. Setting MR equal to MC, we have 40 - 0.5Q = 4. Solving for Q, we get Q = 72. Substituting this back into the demand curve Q = 160 - 4P, we can solve for P by substituting 72 for Q and solving for P.
Q = 160 - 4P becomes 72 = 160 - 4P. Subtracting 160 from both sides gives us -88 = -4P. Dividing both sides by -4 gives us P = 22.
Therefore, the price of Barbara's product will be $22.
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J. M. Keyes put all his money in on tock, and the stock doubled in value in a matter of months. He did this three times in a row with three different stocks. J. M. got his picture on the front page of the Wall Street Journal. However, the paper never mentioned the thousands of investors who made similar bets on other stocks and lost most of their money. This is an example of the _____problem in deciding how efficient the markets are.
a. Magnitude
b. Selection bias
c. Lucky event
d. Small firm
Answer:
c.Lucky event.
Explanation:
This an example of lucky event problem.
Since for every one successful manager, there are many managers who lost, who are not brought into lime light.
Magnitude problem means only managers with high amount of investments will show considerable profits.
Selection bias means only those with portfolios which generate profits are published.
________ is a subset of an organization�s extranet designed to automate the business processes that occur before, during, and after sales transactions between the organization (i.e., a single buyer) and its multiple suppliers. Owned or managed by a "downstream" company and automate the business processes involved in purchasing or procuring products from multiple suppliers; they connect a single buyer and multiple suppliers
Answer:
Supplier portals
Explanation:
Supplier portals (or vendor portals) are basically communication tools. They are used to transfer and manage information between a company and its vendors (suppliers). The supplier port can be configured to send and receive documents that your company considers relevant in the supply chain and purchase process.so correct answer is Supplier portals
1- 26. The county supervisor sends out a survey via U.S. mail asking residents how much they are each willing to pay toward a new community swimming pool. This is an example of: a. contingent valuation. b. revealed preference valuation. c. cost-benefit analysis. d. social discounting.
Answer:
The answer is option A) Sending out a survey via U.S. mail asking residents how much they are each willing to pay toward a new community swimming pool is an example of contingent valuation.
Explanation:
Contingent Valuation is a survey based economic valuation technique. This is a method of estimating the value that a group of people places on a good.
The Contingent Valuation approach asks people to report their willingness to pay to obtain a product, or willingness to accept to give up a product.
Just like the case demonstrated above whereby the county supervisor sends out a survey via U.S. mail asking residents how much they are each willing to pay toward a new community swimming pool.
However, the approach is different in Revealed Preference valuation. Here inference is made from observed behaviors in regular market places.
Answer:
a. contingent valuation.
Explanation:
Contingent valuation is a method of estimating a value that a person places on product or service. In this method people are being asked for the their willingness to pay for a particular product or service and their willingness to accept or reject the product / service.
In this question the Country Supervisor is asking the resident whether they are each willing to pay toward a new community swimming pool.
Paul and Michael sell magazine subscriptions by telephone. Paul is paid $1.00 for every five calls he makes, while Michael is paid $1.00 for every subscription he sells, regardless of the number of calls he makes. Paul’s telephoning is reinforced on a __________ schedule, whereas Michael’s is reinforced on a __________ schedule. Group of answer choices Variable-ratio; fixed-ratio Fixed-ratio; variable-ratio Fixed-ratio; variable-interval Fixed-interval; variable-ratio
Answer:
Fixed-ratio; variable-ratio
Explanation:
Paul’s telephoning is reinforced on a fixed-ratio schedule, whereas Michael’s is reinforced on a variable-ratio schedule.
A fixed ratio reinforcement schedule: They are a set number of responses that must occur before the behavior is rewarded. This means the number of responses to be exhibited by an individual in order to be rewarded is fixed.
Fixed-ratios are better used to optimize the quantity of output.
Variable ratio reinforcement schedule: The number of responses needed for a reward varies. This implies that the number of responses to be rewarded varies according to requirement. It is a partial reinforcement.
Paul's telephoning follows a fixed-ratio reinforcement schedule, with a predictable pattern of receiving $1.00 after every five calls. Michael's selling follows a variable-ratio reinforcement schedule, where the reward comes after an unpredictable number of calls needed to sell a subscription.
Explanation:Paul's telephoning is reinforced on a fixed-ratio schedule because he earns $1.00 after every five calls, which is a set number of responses required before reinforcement. On the other hand, Michael's telephoning is reinforced on a variable-ratio schedule since he earns $1.00 for every subscription he sells, and there is no set number of calls he must make before making a sale; the reinforcement depends on when the sale occurs, which is variable.
The fixed-ratio schedule is predictable and is characterized by a reward after a specific number of responses, leading to a short pause after reinforcement before a high level of responding resumes. A variable-ratio schedule, however, rewards after an unpredictable number of responses which leads to a steady and high rate of response without a discernible pause after reinforcement, much like playing slot machines or buying lottery tickets.
Fairchild Company acquired a building valued at $210,000 for property tax purposes in exchange for 6,000 shares of its $10 par common stock. The stock is widely traded and selling for $31 per share.
At what amount should the building be recorded by Fairchild Company?
a) $60,000 b) $150,000 c) $186,000 d) $210,000
Answer:
$ 186 000
Explanation:
The cost of the building = $210,000
the shares that was exchange for it was 6000 with selling price of $ 31 per share
the amount for the building that should be recorded by Fiarchild Company = 6000 × $ 31 = $ 186 000
The firm that allows customers to select from a variety of standard options to create the service or product of their choice is practicing is called
Answer:
Mass customization.
Explanation:
Mass customization is a marketing and manufacturing technique where a firm allows customers to select from a variety of standard options to create the service or product of their choice.
For example, the mass customization of footwear by Nike or Adidas.
When channel members are linked by legal agreements that specify each member's rights and responsibilities, ____ exists.
A. a corporate VMS
B. a channel captain
C. an administered VMS
D. a contractual VMS
E. horizontal channel integration
Answer:
D. a contractual VMS
Explanation:
A contractual VMS is a Vertical Marketing System that is formed by the individual firms operating at different channel layers.Has integrated operations at a contractual basis and each layer helps in the achievement of the economy of scale by the integration of their operations. Hence they share their rights and responsibilities be it the producer, the wholesaler, or the retailer thus having all the elements of production and distribution channel fall in a single ownership in their legal agreements.Singapore has granted a(n) _____ on the importation of beer and stout made in the Philippines. This means that beer and stout made in the Philippines can sell for less in Singapore than beer and stout made by New Zealand or the United States.
Answer:
Singapore has granted a preferential tariff.
Explanation:
A preferential tariff is a tariff that favors or gives preferential treatment to the imports from a country over another country. This kind of tariff exists between countries that have entered Free Trade Agreements (FTA) with each other.
Thus, when imports from FTA partner countries arrive, tariffs are totally eliminated or issued at a lower cost. This gives the FTA partner country an advantage of selling their products for less (without incurring huge costs).
Singapore has granted a tariff exemption, or removal of tax duties, on beer and stout importation from the Philippines. This allows these beverages to sell for less than similar ones from New Zealand or the U.S., which could be due to several strategies from fostering trade relations to increasing product accessibility. At times, countries implement trade restrictions to protect specific industries, but, in this instance, Singapore shows a trade facilitation approach.
Explanation:Singapore has granted a tariff exemption on the importation of beer and stout made in the Philippines. A tariff is a type of tax that a country imposes on imported goods. When a tariff is lowered or eliminated, it makes those imported goods cheaper and more competitive in the market, compared to similar goods that are produced locally or imported from countries with tariffs.
So, in this case, beer and stout from the Philippines can sell for less in Singapore because they are not subject to the same tariffs as beer and stout from New Zealand or the United States. This is a strategy that countries can use to influence trade and protect certain industries.
In the last inserted block of information, we can see how countries sometimes restrict trade to protect certain industries. A nation might impose tariffs on imported products to protect an industry that is important for national security or part of the national identity. However, in this case, Singapore might wish to support trade with the Philippines or even make these specific products more accessible to Singapore consumers.
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The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mortgage, which had a current balance of $23,000. The Smiths' financed the remaining $37,000 of the purchase price by executing a second mortgage whereby the seller became a mortgagee. This type of loan is called a _______.
Answer:
Purchase money mortgage.
Explanation:
A purchase money mortgage is the loan that is given to the individual buying the property.
This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.
The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.
Before deciding on a new promotional campaign, Jeffrey's Muffins looked at its customers' buying patterns over a 15-year period as determined by their use of a loyalty card. What method did Jeffrey's use to make sense of the data that were available?
A. neuromarketing
B. panel data
C. biometrics
D. data mining
E. data warehousing
Answer:
D, data mining
Explanation:
Data mining can be defined as the process of gathering data by finding a pattern or anomaly within a large range of data.
Simply put, data mining is the process of obtaining data from a large amount of data through a certain pattern or anomaly.
In the above question, Jeffrey uses the loyalty card use by customers over a 15year period as basis for deciding on whether or not to make a new promotional campaign. The loyalty card use frequency is the pattern that Jeffrey will be using.
Data mining is a useful as information gotten from it can be used for different purposes such as reducing risks, increasing revenue, etc.
Cheers.
Developing a marketing mix may involve all of the following activities except _____. Group of answer choices informing potential buyers about a product setting a price for a product developing a product aimed at the needs of the target market developing an operational budget
Answer:
developing operational budget.
Explanation:
Marketing mix are tools employed by a business to make its products or brand known in the market place. The known 4p's of marketing mix are : People, price, place and product.
Marketing mix consist of all activities, aimed at promoting immediate sales. In marketing mix, potential buyers are informed about a product, prices are also set for the products. Products are developed to meet the need of the market.
The components that make up marketing mix must be checked until the product is rebranded or non existent. What this means is that as the product stays longer, there must be a review in price, promotion employed and the choosen market to reflect current realities.
Consider American-style call options on a bond. The options expire in 60 days. The bond is currently at $1.05 per $1 par and makes no cash payments during the life of the option. The risk-free rate is 5%. Assume that the contract is on $1 face value bonds. Calculate the lower boundary of the call, if the strike price of the call is $0.9.
Answer:
The correct answer is $0.158 or $0.16
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the lower boundary of the call by using following formula:
Lower boundary of call = Spot price - (Strike price ÷ (1 + r)^t)
Where, r = 5% for 60 days = 5% × ( 60 ÷ 360) = 0.833%
So, Let 60 days = 1 time period
By putting the value, we get
Lower boundary of call = 1.05 - ( 0.9 ÷ ( 1 + 0.833%)^1)
= 1.05 - 0.892
= $0.158 or $0.16
Match the statement with the term most directly associated with it.1.choose a termRights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.2.choose a termThe allocation of the cost of an intangible asset to expense in a rational and systematic manner.3.choose a termA right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area.4.choose a termCosts incurred by a company that often lead to patents or new products. These costs must be expensed as incurred.5.choose a termThe excess of the cost of a company over the fair value of the net assets required.
Answer:
1. Intangible assets.
2. Amortization.
3. Franchise.
4. Research and Development Costs.
5. Goodwill.
Explanation:
1. Intangible assets: Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.
2. Amortization: The allocation of the cost of an intangible asset to expense in a rational and systematic manner.
3. Franchise: A right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area.
4. Research and Development Costs: Costs incurred by a company that often lead to patents or new products. These costs must be expensed as incurred.
5. Goodwill: The excess of the cost of a company over the fair value of the net assets required.
For a monopolistically competitivemonopolistically competitive firm, A. price is equal to marginal revenueprice is equal to marginal revenue because the firm can sell as much output as it chooses at the standardizedcan sell as much output as it chooses at the standardized market price.market price. B. marginal revenue is less than the pricemarginal revenue is less than the price because the firm can sell as much output as it chooses at the standardizedcan sell as much output as it chooses at the standardized market price.market price. C. price is equal to marginal revenueprice is equal to marginal revenue because the firm must lower the price for each additional unit it wants to sell.must lower the price for each additional unit it wants to sell. nothing D. marginal revenue is less than the pricemarginal revenue is less than the price because the firm must lower the price for each additional unit it wants to sell.must lower the price for each additional unit it wants to sell.
Answer:
The answer is D.
Explanation:
For a monopolistically competitive, there are many firms and sellers. The products are differentiated. The products are identical.In this market, for firm to sell additional output, it must lower the price for each additional unit it wants to sell because the lower the price, the higher the quantity demanded. Total revenue increases with increasing units sold but by less than the price.
Bill desperately needed tires for his car, and he found an ad with an incredibly low price. When he got there, he found out that those had supposedly been sold out, and he was pressured into buying tires that were more expensive than he wanted. Bill found out later that Marcelo had the same experience at the store a few weeks earlier. It's quite possible that both Bill and Marcelo had become the victim of a deceptive pricing tactic known as:_________.
Answer:
Bait and Switch
Explanation:
Bait and switch is a deceptive pricing tactic which involves luring customers with promises of low prices for a product the customer is interested in purchasing. It is an illegal method of advertising and sales in which customers or buyers are tricked into purchasing something other than the advertised product or advertised price. The prices are set at very low prices to attracts the customers to the store, and when they get there, they are either told that item is out of stock or is inferior to a higher priced item that they currently have available. Both Bill and Marcelo are victims of the Bait and Switch tactics.
A client sells a stock short in their portfolio. The client plans to cover the short sale but prior to covering, calls to ask the RR how to achieve long-term status for capital gains purposes on the short sale. How should the RR respond?
Answer:
Explanation:
Since the client sold the stock short he is anticipating a decrease in share price hence he wants to know how to achieve long-term status for capital gains purposes.
What the RR has to do is to communicate to the client that the short sales made is not eligible for long-term capital gains treatment, irrespective of how long the stock was sold short in the account of the client, the capital gains rate on short term will always be short term.
A decrease in the availability of an important major resource such as oil shifts can cause
Answer:
It will bring about a decrease in aggregate supply which is caused by the increase in input prices and it is represented by a shift to the left of the SAS curve because the SAS curve is drawn under the belief that input prices remain constant.
Which statement is true regarding the physical arrangements of an international negotiation setting? Multiple Choice In high-context cultures, the physical arrangements of rooms are taken casually. Japanese prefer to talk to everyone separately, then, once everyone agrees, to schedule inclusive meetings. Americans dislike the idea of "hammering out an arrangement" even when the opinions and positions are divergent. Japanese tend to shun the practice of higher-level executives being included in a negotiation to indicate interest in a deal. Americans tend toward a cumulative approach, meeting with one party and reaching an agreement, then both parties calling on a third party.
Answer:
Americans tend toward a cumulative approach, meeting with one party and reaching an agreement, then both parties calling on a third party.
Dr. Mo T. Vadar, a professor of psychology at a respected university, is planning a study of the factors that affect the motivation of employees. Dr. Vadar is concerned that the results of his experiments may be misleading because employees in an experimental group tend to behave differently when they know they are being studied. This concern shows that Dr. Vadar is aware of the:
A. Hawthorne effect.
B. Taylor effect.
C. potential confusion between Theory X and Theory Y.
D. Heisenberg principle.
Answer:
A. Hawthorne effect.
Explanation:
The Hawthorne effect is an type of reactivity in which individuals modify one aspect of their behavior to monitor their perception. This undermine the integrity of the research, especially the relationship between the variable. Original research on Hawthorne Work for Telephone Devices in Hawthorne and Illinois changes in working hours and break time and work structure were 1st described by Elton Mayo, and the focus on the needs of others as a whole improves productivity. This effect was observed for minute increases in brightness. In these lighting studies, the intensity of light was changed to examine its impact on workers ’productivity.A description of the range and relative likelihood of possible values of an uncertain variable is known as a
a. simulation optimization.
b. probability distribution.
c. risk analysis.
d. base-case scenario.
Answer: (B) Probability distribution
Explanation:
The probability distribution is one of the type of statistical based their which provide the different types of possibility of occurrence the different possible results in the given experiment as it is also refers as the expected value.
The main use of probability distribution is that it is helpful in calculating the various types of events and then summarizing the different types of possible result or value of the given random variable.
According to the question, the uncertain variable in the given description is know as the probability distribution process. Therefore, Option (B) is correct answer.
Although it brings many benefits to a firm, ___________ also limits a firm’s ability to realize significant experience curve cost economies and location economies. A. standardization B. customization C. assembly line production D. exporting
Answer:
B. Customization
Explanation:
-Standardization refers to developing guidelines that establish how a product is created which allows the company to decrease costs.
-Customization refers to adapting a product to adjust to the request of customers.
-Assembly line production is when the production process is arranged in workstations and the parts are added in each of them until the product is finished.
-Exporting refers to selling products manufactured in one country to another one.
According to this, the answer is that customization also limits a firm’s ability to realize significant experience curve cost economies and location economies because as the company has to adapt the products and the features are not standard, it is not able to optimize the manufacturing process and establish the operation in any place to minimize the costs.