Frank is considered to be an opinion leader. An opinion leader is defined as an individual or organization that is well known of which the person has the capability of influencing the opinion of the public that is based on a particular subject matter.
- the importance of adapting your résumé to your target readers' needs and interests cannot be overstated. adapting to your readers can mean ________
Teenage workers are assumed to have ________ labor supply, therefore a 5% increase in wage would result in ________ percentage change in quantity of labor supplied.
In order for the economy to be strong, businesses must? A.produce goods and pay workers B.provide labor and pay workers C.Produce goods and buy goods D.provide labor and buy goods
For an economy to be strong, businesses must produce goods and pay workers. This results in an increase in worker income and a positive cycle of demand, supply, and further demand. This dynamic is significantly assisted by the application of the division of labor.
Explanation:In order for the economy to be strong, businesses must produce goods and pay workers. This dynamic is key to strong economic activity. Businesses that produce goods require workers to supply labor. These workers then earn wages which increase their income. This income is then often used to make purchases, creating demand for goods in the market. As more goods are purchased, more suppliers are drawn into the market to meet the increased demand, resulting in increased production.
Furthermore, this process is also rooted in the principle of the division of labor. This is where workers specialize in specific tasks, and in turn, trade the fruits of their labor with others. Workers connected to a labor market can, therefore, contribute significantly to an economy's growth by providing specialized labor, thereby helping businesses to produce goods and services efficiently.
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According to porter's five forces model, an oil producer will have increased ________ if the supply of oil drops sharply.
by 2020, it is expected that more than half of all jobs in the united states will be held by women?
Technician A says that the push rod connects to a pivoting component mounted at the top of the cylinder head called the camshaft. Technician B says that the push rod is used to transmit the up-and-down motion of the lifter to the top of the cylinder head. Who is right?
A. B only
B. Neither A nor B
C. A only
D. Both A and B
Answer:
tech b only
Explanation:
TECH B ONLY
financial choices revolve around three primary decisions: spending, saving, and .
Consumer surplus:
a. is the difference between the true value of a good and the amount a person is willing to pay for the good.
b. represents the maximum amount a person is willing to pay for a particular good.
c. is the difference between the current market price and the cost of production for the firm.
d. is the difference between the maximum amount a person is willing to pay for a good and its current market price.
Consumer surplus is the difference between the maximum amount the consumer is willing to pay for the price of the good and the price that was actually paid by the consumer or commonly known as the current market price. The price that the consumer is willing to pay is determined by the demand curve in the market.
B. represents the maximum amount a person is willing to pay for a particular good.
Jorge martinez is a well-educated entrepreneur who operated a small business in his home country of fiorentina. at the encouragement of his american relatives, jorge recently immigrated to the united states and applied for u.s. citizenship. "in fiorentina, tax rates were very high," jorge complained. "the government used the taxes i paid to finance all sorts of social programs to help the less fortunate. while this is a noble goal, it has really undermined the profit incentive of individuals such as me. i really feel that these high taxes have stifled economic growth." jorge's comments illustrate the reason many socialist countries are experiencing a(n):
40 ServSafe alcohol
Worldwide consulting limited is an italian-based service company with activities in 23 countries. the company operates by embedding a large number of expatriates in foreign subsidiaries, even though the expatriates are not always familiar with the host country to which they are assigned. what is the most important benefit worldwide consulting is most likely to achieve through this practice?an exchange of information and knowledge across subsidiaries facilitated by the expatriates.the presence of expatriate employees enhances the prestige of the foreign subsidiaries and increases client satisfaction.the presence of a large number of expatriates improves employee motivation and reduces employee turnover.having ex-pat employees allows the parent company to keep tighter control of its offshore subsidiaries.
Vin diesel owns the fredonia barber shop. he employs 7 barbers and pays each a base rate of $1,380 per month. one of the barbers serves as the manager and receives an extra $530 per month. in addition to the base rate, each barber also receives a commission of $5.92 per haircut. other costs are as follows. advertising $270 per month rent $940 per month barber supplies $0.30 per haircut utilities $180 per month plus $0.25 per haircut magazines $25 per month vin currently charges $11.47 per haircut. determine the variable costs per haircut and the total monthly fixed costs. (round variable costs to 2 decimal places,
e.g. 12.25.) total variable cost per haircut $ total fixed $ compute the break-even point in units and dollars. (round answers to 0 decimal places,
e.g. 1,250.) break-even point haircuts break-even point $ determine net income, assuming 2,380 haircuts are given in a month.
The variable costs per haircut for the Fredonia Barber Shop are $6.47, and the total monthly fixed costs are $11,475. To compute the break-even point and the net income, one would analyze the costs and revenue associated with a certain number of haircuts provided in a month.
Explanation:To determine the variable costs per haircut and the total monthly fixed costs for Vin Diesel's Fredonia Barber Shop, we first need to calculate each separately. The variable costs per haircut include the commission for each barber and the costs of barber supplies and utilities that are associated with each haircut. The fixed costs are the monthly expenses that do not change regardless of the number of haircuts given.
The variable cost per haircut is computed as the sum of the commission per haircut, the cost of barber supplies per haircut, and the additional utility cost per haircut:
$5.92 (commission) + $0.30 (supplies) + $0.25 (utilities) = $6.47 per haircut.
The total fixed costs include the base rate pay for all barbers, including the extra pay for the managing barber, as well as monthly costs for advertising, rent, utilities, and magazines. Adding these together gives us:
7 barbers × $1,380 (base rate) + $530 (extra for manager) + $270 (advertising) + $940 (rent) + $180 (utilities) + $25 (magazines) = $11,475 per month.
To compute the break-even point in units (haircuts) and dollars, the break-even point in units is the total fixed costs divided by the price per haircut minus variable costs per haircut. Similarly, multiply the number of break-even haircuts by the price to find the break-even point in dollars.
Finally, to determine the net income assuming 2,380 haircuts in a month, we need to calculate the total revenue from these haircuts and subtract the sum of the total fixed costs and the total variable costs (variable cost per haircut times the number of haircuts).
The ad curve:
a.explains long run fluctuations in output and inflation.
b.shows how changes in equilibrium output affect the inflation rate.
c.demonstrates how central banks respond to changes in interest rates by changing the inflation rate.
d.all of the above.
e.none of the above. 7.the ad curve:
a.explains how inflation affects output in the short run.
b.indicates the level of aggregate output corresponding to different goods-market-clearing levels of the interest rate.
c.is downward sloping, because with higher inflation comes higher interest rates and lower spending, so equilibrium aggregate output declines.
d.all of the above.
e.none of the above.
Suppose that today you buy a bond with an annual coupon of 6 percent for $1,080. the bond has 13 years to maturity. what rate of return do you expect to earn on your investment? assume a par value of $1,000. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.)
Select all that apply. When writing your resume, you must include your _____.
Answer: Skills, Contact Info., Work Experience, and Education or Training
Explanation:)
Most Information Technology careers require workers to perform their jobs in
A) a home office.
B) a business office.
C) a secure office.
D) an off-site office.
IT careers increasingly offer the option of telecommuting, allowing professionals to work from a home office or other remote locations. Companies like Merrill Lynch & AT&T have adopted remote work, with reported benefits such as higher satisfaction and productivity. Successful telecommuting aligns employee capabilities, job requirements, and suitable work environments. Option B
In the context of Information Technology careers, the option for workers to perform their jobs can vary greatly. While traditional roles may require being in a business office, the trend of telecommuting has opened up the possibility for IT professionals to work from various locations such as a home office, satellite offices, or even coffee shops. This flexibility is becoming increasingly common, especially given the advances in digital technologies that allow for work to be done virtually anywhere with internet connectivity.
Companies like Merrill Lynch & Co. Inc. and AT&T Inc. have incorporated telecommuting as a part of their work culture, with significant percentages of their workforce working remotely at least part of the time. The benefits reported for telecommuting include higher productivity, less stress, lower turnover, and higher job satisfaction, although it’s important to note that successful telecommuting arrangements require matching the right employees with the right jobs to suitable environments.
Financial subsidies for ergonomic workspaces and internet costs, as well as supportive workplace policies, are examples of how employers can facilitate effective telecommuting arrangements, ensuring that both individual and organizational needs are met in a flexible work setting.
The correct option is B), "a business office", as most Information Technology careers require workers to perform their jobs in a business office, although remote work options are increasing.
Traditional business office settings provide secure networks and collaborative environments most critical for IT roles. Technological advancements still balance the increase in occasional remote work opportunities.
Most Information Technology (IT) careers primarily require workers to perform their jobs in a business office (Option B). While telecommuting, or working remotely, is becoming more popular, particularly due to technological advancements and situations like the COVID-19 pandemic, the traditional office environment remains the most common setting for IT positions. These workers need secure networks, robust IT infrastructure, and collaborative environments which are more easily provided in a business office.For example, companies like AT&T and Merrill Lynch have extensive telecommuting options, but many roles still necessitate a physical presence in a business office to access specific resources and for tasks that demand high security and team collaboration.Miller's hardware plans on saving $42,000, $54,000, and $58,000 at the end of each year for the next three years, respectively. how much will the firm have saved at the end of the three years if it can earn 4.5% on its savings
The amount saved by the firm at the end of the three years if it can earn 4.5% on its savings is $167,508.33.
What is savings?Savings are the funds left over after expenditures and other commitments have been subtracted from earnings. Savings reflect money that would otherwise be idle and not invested or used on consuming. Saving also entails lowering expenses, such as recurrent charges.
According to the question, Miller's Hardware intends to save $42,000, $54,000, and $58,000 at the conclusion of each of the next 3 years. The savings of the firm can be computed as follows:-
Future Value = (first year savings x interest rate) + (second year savings x interest rate in decimal) + (third year savings X interest rate in decimal)
Future Value = (42,000 x 1.045 + (54,000 x 1.045) + (58,000 X 1.045)
= $167,508.33
Therefore, it can be concluded that If the company can earn 4.5% on its investments, it will have saved $167,508.33 at the end of three years.
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Sal has been in the landscaping business for over 40 years. when jaime, his business partner, suggested adding snow removal as an extra service, sal responded with "my gut feeling is to say yes because of my experience in the past and what i have seen other companies do over the years, both successfully and not." sal is acting on _____ in his response to jaime.
Intuition is the answer.
Because Sal is in the landscaping industry for more than 40 years, he has enough of the experience to have an intuition about the decision in his business. There is no need to think hard for the decision, if you have a gut feeling about the things that need a decision.
So on the basis of his experience in this business, Sal has a gut feeling of going with the suggestion of his partner to add the snow removal activity in their business. As he is relying on his intuition, so there is no need to think over and over again about it. Just go with the inner feeling.
Barehugs is popular loungewear that prides itself on its versatility. last year, its net sales were $1,750,000 with cost of goods of $390,000. taxes totaled $61,650. the company's expenses totaled $960,000. calculate the company's net after tax profit margin percentage
A menu item has a food cost of $5.00 and the selling price is based on a 40% cost. the selling price of the menu item is
the calculated selling price is $8.33.
The correct option is (a).
To calculate the selling price based on a 40% cost, we need to determine what the selling price should be to cover the cost and achieve a 40% margin.
1. Calculate the markup percentage:
Markup Percentage = 100% + Desired Margin
= 100% + 40%
= 140%
2. Determine the selling price using the markup percentage:
Selling Price = Cost / (1 - Markup Percentage)
= $5.00 / (1 - 0.40)
= $5.00 / 0.60
= $8.33 (rounded to two decimal places)
So, the calculated selling price is $8.33.
correct option is a.
complete question given below:
A menu item has a food cost of $5.00 and the selling price is based on a 40% cost. The selling price of the menu item is:
a.$8.33
b.$12.50
c.$7.00
d.$20.00
Lindon company is the exclusive distributor for an automotive product that sells for $40 per unit and has a cm ratio of 30%. the company's fixed expenses are $180,000 per year. the company plans to sell 16,000 units this year. required: 1. what are the variable expenses per unit? 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $60,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $4 per unit. what is the company's new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $60,000?
Variable cost per unit is $12. The break-even point is 15000 units and $600,000. The required sales is $80,000. The new break-even is 22,500 units and $900,000.
Given,
product that sells for $40 per unit and has a cm ratio of 30%. the company's fixed expenses are $180,000 per year. the company plans to sell 16,000 units this year.
Required to calculate:
1. What are the variable expenses per unit?
2. What is the break-even point in unit sales and in dollar sales?
3. What amount of unit sales and dollar sales is required to attain a target profit of $60,000 per year?
4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $4 per unit.
what is the company's new break-even point in unit sales and in dollar sales? what dollar sales are required to attain a target profit of $60,000?
1.
Variable expenses per unit:
The contribution margin (CM) ratio is 30%, which means that 30% of the selling price covers variable expenses.
Variable expenses per unit = CM ratio * Selling price per unit
Variable expenses per unit = 0.30 * $40 = $12
2.
Break-even point:
Break-even point (in units) = Fixed expenses / Contribution margin per unit
Break-even point (in units) = $180,000 / $12 = 15,000 units
Break-even point (in dollars) = Break-even point (in units) * Selling price per unit
Break-even point (in dollars) = 15,000 * $40 = $600,000
3.
Target profit of $60,000:
Required unit sales for target profit = (Fixed expenses + Target profit) / Contribution margin per unit
Required unit sales for target profit = ($180,000 + $60,000) / $12 = 20,000 units
Required dollar sales for target profit = Required unit sales for target profit * Selling price per unit
Required dollar sales for target profit = 20,000 * $40 = $800,000
4.
New break-even point with reduced variable expenses:
New variable expenses per unit = Variable expenses per unit - Reduction in expenses
New variable expenses per unit = $12 - $4 = $8
New break-even point (in units) = Fixed expenses / Contribution margin per unit (new)
New break-even point (in units) = $180,000 / $8 = 22,500 units
New break-even point (in dollars) = New break-even point (in units) * Selling price per unit
New break-even point (in dollars) = 22,500 * $40 = $900,000
New dollar sales for target profit = (Fixed expenses + Target profit) / Contribution margin ratio (new)
New dollar sales for target profit = ($180,000 + $60,000) / 0.30 = $800,000
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The variable costs per unit are $28, break-even point is 15,000 units ($600,000 sales), and to attain a $60,000 profit per year we need 20,000 units ($800,000 sales). Reducing variable costs per unit by $4 reduces the break-even point to 7,500 units ($300,000), and the target of $60,000 profit is reached at 10,000 units ($400,000).
Explanation:The first step is to calculate the variable expenses per unit. As the contribution margin (CM) ratio is basically the portion of each sale that contributes to covering fixed costs and then generating profits, it equals (Selling Price - Variable Cost) / Selling Price. Rearranging for Variable Cost gives us: Variable Cost = Selling Price - (CM ratio * Selling Price). Substituting the given values: Variable Cost = $40 - (0.30 * $40) = $28.
Next, we calculate the break-even point in both unit and dollar sales. The break-even point in units is the Fixed Costs / (Selling Price - Variable Cost), substituting gives: 180,000 / (40 - 28) = 15,000. To get break-even in dollars, multiply the break-even units * Selling Price, so, 15,000 * $40 = $600,000.
To calculate the unit and dollar sales to reach a target profit of $60,000, add the target profit to the fixed expenses and divide by the unit CM: (180,000 + 60,000) / (40 - 28) = 20,000 units. Dollar sales would then be 20,000 * $40 = $800,000.
Finally, if variable expenses are reduced by $4, the new variable cost per unit is $24, and the break-even point changes to 180,000 / (40 - 24) = 7,500 units or $300,000 in dollar sales. To compute the new sales to attain a target profit of $60,000, we use the formula: (180,000 + 60,000) / (40 - 24) = 10,000 units, which equals $400,000 in dollar sales.
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What is one difference between what a Computer Programmer and an Information Support Specialist does?
A) A Computer Programmer oversees the design and maintenance of websites, while an Information Support Specialist designs computer codes for websites.
B) A Computer Programmer designs computer codes for websites, while an Information Support Specialist oversees the design and maintenance of websites.
C) A Computer Programmer oversees information technology projects, while an Information Support Specialist designs videos games and creates documentation for them.
D) A Computer Programmer analyzes ways to create or improve computer systems, while an Information Support Specialist helps computer users with problems.
One difference between both is A Computer Programmer designs computer codes for websites, while an Information Support Specialist oversees the design and maintenance of websites. Thus the correct option is B.
What is Computer Programmer?A Computer Programmer is referred to as an individual who has a keen knowledge of coding and programming through which he develops websites based on the requirements of Clients.
An information Support Specialist refers to an individual who has expertise or specialty in supporting information by providing services like monitoring the design and maintenance of websites.
A career selection is based on the interest of an individual. Skills need to upgrade timely in order to seek better growth and progress in one career. In both cases, the skills are different from each other with distinct job responsibilities.
Therefore, option D is appropriate.
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_____ refers to a system of task and authority relationships that controls how employees use resources to achieve a company's goals.
Answer:
D.Oorganizational Structure.
Explanation:
_____ refers to a system of task and authority relationships that controls how employees use resources to achieve a company's goals.
A.Corporate variance
B.Work sharing
CManagement scalability
D.Organizational structure
E.Job rotation
D.Organizational structure
Oganization structure is the system that states and teaches the members of an organization or an institution how certain tasks and actions are taken an performed in order to accomplish the main goals of the company, this system also provides for a channel of communication within the company and states how communication and messages are shared within the institution.
Match each product or service with the type of manufacturing most likely to be used
Do not carry pneumatic tools by the __________.
A.
Air Hose
B.
Hose clamps
C.
Retainers
D.
Safety clips
Pneumatic tools should not be carried by the Air Hose, as it can lead to tool damage, potential disconnection, and injuries. These tools should be transported by their handle or main body, while retainers, hose clamps, and safety clips are meant to secure components. The correct option is A.
Do not carry pneumatic tools by the Air Hose.
Carrying pneumatic tools by the air hose can cause damage to the hose, which may result in a failure. This could be potentially dangerous as it may lead to the tool disconnecting from the air supply and becoming a flying hazard or causing the hose to whip. Instead, pneumatic tools should be transported by their handle or main body, using any handles or grips provided by the manufacturer designed for safe transportation.
Retainers, hose clamps, and safety clips are parts of pneumatic tools or their accessories that help maintain a safe working condition by ensuring components are securely fastened, but they are not intended for carrying the tool.
An ad for asian sensations newest product line of snack foods encourages its readers to "thai something new." the creatives who designed this ad intended its headline to be a(n):
The creatives who designed this ad intended its headline to be an attention-getting device. It is defined as having to show an opening statement in which the speaker uses that is to be engaged to the attention of the audience are likely to be capture after the component of the introduction that the speaker has given.
If inventory is in stock, what does that mean?
If inventory is in stock, it means that an item is available for purchase.
What is inventory?Inventory or stock refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilization. Inventory includes all the items, goods, merchandise, and materials held by a business for selling in the market for earning a profit.
A company's inventory represents one of the most valuable assets it has because the turnover of inventory represents one of the primary sources of revenue generation and subsequent earnings for the company's shareholders.
Inventory in stock means what is available to serve customers and put products in their hands.
Therefore, the quantity available for purchase is denoted by inventory in stock.
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Mark is selling gourmet apples at a price of $2 per pound. currently, he sells 100 pounds of apples per week. this week, mark raises his price to $3, and his sales of apples fall to 75 lbs. mark's initial revenue from apple sales was $ nothing. mark's new revenue from apple sales is $ nothing. since mark's revenue increased when the price of apples rose, the demand for mark's gourmet apples must be ▼ elastic unitary inelastic .
Mark's increase in revenue from $200 to $225 after a price increase, despite a decrease in quantity sold, demonstrates that the demand for his gourmet apples is inelastic. Elasticity relates to how much consumers' quantity demanded changes in response to price changes, and inelastic demand indicates a lesser change. The concepts of substitution and income effects provide further insight into the factors affecting demand elasticity.
Initially, Mark was selling gourmet apples at $2 per pound, selling 100 pounds per week, which brought him a revenue of $200 weekly. After raising the price to $3 per pound, his sales dropped to 75 pounds per week, resulting in a new revenue of $225. This increase in revenue despite the drop in quantity sold indicates that the demand for Mark's gourmet apples is inelastic.
When demand is inelastic, consumers' quantity demanded doesn't change significantly with a price increase, hence revenue increases. Conversely, if demand were elastic, the quantity demanded would drop enough to lower total revenue following a price increase. Therefore, since Mark's revenue increased after the price hike, buyers are relatively unresponsive to the change in price, which makes the demand inelastic.
Discussing the substitution and income effects helps to further elaborate on the concept of price elasticity of demand. For instance, consider the case where a large harvest reduces the price of apples to $1 per pound. This lower price of apples increases the marginal utility of each $1 spent on apples, leading to an increase in demand. The substitution effect suggests that consumers will substitute more expensive goods for cheaper apples, while the income effect implies that consumers feel 'richer' because of the lower price and therefore buy more. Both effects contribute to defining the elasticity of demand.
A message sent by an hr manager asking all employees to submit details about overtime performed in the previous quarter is an example of a routine request asking for ________.
a. adjustments
b. references
c. settlements to claims
d. information or action
e. recommendations
How might a recent college graduate's investment portfolio differ from someone who is nearing retirement
A recent college graduate's investment portfolio will differ from someone who is nearing retirement due to the length of time someone who is at the end of their career has had to invest whereas someone who is a recent college graduate hasn't had the time/money to invest. Building an investment portfolio takes time and effort and a lot of learning during the beginning stages to help have a bigger, better portfolio at retirement time.
Recent college graduates and the person who is nearing retirement has a difference in the investment portfolio. This is because growth, time, and income the retiring person has invested in their whole career.
What is an Investment portfolio?
An investment portfolio is a collection of assets that include stocks, bonds, cash, and other financial instruments. A growth component should be included in the portfolio, especially at a young age.
An investment portfolio consists of all the investments person has in various accounts like 401(k)s and IRAs are examples of employer-sponsored programs, saving accounts, certificates of deposit, Brokerage accounts, Accounts for Robo-advisors, and many different accounts.
Thus, there is a huge difference in investments portfolio of people according to their ages.
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