Answer:
When comparing the real estate market of any region or state, there are factors for consideration:
a) Population size
b) Employment status
c) Real estate market
d) Renting strength
e) Price
f) Quality in terms of home structure and a serene environment.
Explanation:
In the question, there are two American cities up for comparison: The city of Pittsburgh and the Philadelphia city, both in the Pennsylvania region. Both cities have comfortable environments which are habitable but here, we have to choose or rather compare both. The first factor is the population size. The two cities which are in the same region, have a considerable population size but when compared, Philadelphia has the upper hand. In real estate business, population is key as a region which a better and fuller population is appreciated more. The second factor is the employment status of the inhabitants. The employment status of these two cities are commendable but Pittsburgh is quite flabbergasting. The employment rate of Pittsburgh to Philadelphia is up to 57%. Employment status is a key determinant when real estate market is mentioned because employed persons are the ones who can actually pay when due. The third factor is the real estate market. This is another factor which is very important in determining the cities' real estate market. Over the years, Philadelphia has shown positive signs of a healthy real estate market which nicks that of Pittsburgh. Other factors listed above have clearly been favourable to Philadelphia because of their location but in terms of price, Pittsburgh appears cheaper with an average price of $1258 compared to Philadelphia's $1,652.
Final answer:
To compare the real estate markets in Pittsburgh and Philadelphia, consider average sale prices, demographic data, population density, and history. Also, compare renting vs. buying a home by examining long-term investment potential and overall costs.
Explanation:
When comparing the real estate markets in Pittsburgh and Philadelphia, you should take into account a variety of factors. These include average sale prices, the advantages and disadvantages of renting vs. buying a home, and demographic data in different zip codes. Look at household income, education attainment, and access to amenities like grocery stores, bus and subway stops. Additionally, consider the population density and historical development of the areas.
To get a more accurate picture of the real estate market, one method is to collect data on the sale prices for a number of homes recently listed, say 35, as this can give you a sense of the market's pricing trends. To understand the broader market influences, one can analyze the location's infrastructure and socio-economic indicators, which might include availability of essential services and transportation options.
Both renting and buying a home have their own advantages and disadvantages. Renting can provide flexibility and lower upfront costs, while buying is generally seen as an investment that can build equity over time. However, buying also comes with higher initial costs and potential maintenance responsibilities.
Why does the agricultural price supports are inconsistent with free-market principles?
Answer:
They allow government to influence farmers' decisions about what and how much to produce.
Explanation:
Price supports are government subsidies or price controls used to artificially raise or decrease prices on the agricultural market.
Farmers allows the government to influence their decisions about what and how much to produce, this causes inconsistency with the free market principles with the agriculture price support. This is an effective price management economic policy to ensure that farmers have sufficient opportunities and incomes to continue producing at the cost of the products they want.
Answer:
This grants the government permission to directly affect farmers' stance or decisions concerning
what to produce and how much to produce.
Explanation:
A free market is the one where willing
exchange and the laws governing supply and
demand usually provide the only base for the
economic system, excluding hhe government intervening. Considering the way the government intervenes or lallows itself with the right to agricultural matters of a country, there is likely no free-market principles enjoyed by the agricultural sector of an economy.
A canning company defines a "nonconformance" as an orange juice can whose diameter is beyond the upper specification limit.A manager at the canning company wants to monitor the number of such orange juice cans produced per day.Each day,an employee will randomly select 120 cans over a period of four weeks.The employee then determines and plots the number of nonconformance cans in each sample.The appropriate control chart is a(n):_________.
A) u-chart.
B) R-chart.
C) p-chart.
D) np-chart.
Answer:
Option D. np-chart.
Explanation:
An np-chart is an attributes control chart which is used with the data that is collected in subgroups that are the same size. Np-charts are used to show how the process (which is measured by the number of nonconforming items it produces) changes over time. The process attribute is always described in a yes/no, pass/fail, go/no go form.
In other words, an np-chart refers to a plot of number of defective pieces in a fixed sample size in the order of production. If the sample size is fixed, np-chart can be used. For instance, the number of incomplete accident reports in a constant daily sample of five would be plotted on an np-chart.
Final answer:
The appropriate control chart for monitoring nonconforming orange juice cans at a canning company is an np-chart, which is used when dealing with a constant sample size and counting the number of defective items.
Explanation:
The appropriate control chart for monitoring the number of nonconforming orange juice cans whose diameter is beyond the upper specification limit is a np-chart. A np-chart is used for quality control when monitoring the number of defective items in a sample of constant size.
In this case, since the employee samples a constant number of 120 cans each day, and they are counting the number of cans that are nonconformances (either conforming or not), the np-chart is the correct tool to use in this scenario. Other charts like the p-chart, u-chart, and R-chart are not suitable because they are used for different scenarios.
The p-chart is used for proportions when sample sizes vary, the u-chart is used for counts of nonconformances per unit where the sample size can vary, and the R-chart monitors the range within samples as a measure of variability.
Which of the following is true about an economy’s self-correcting tendency? An economy’s self-correcting tendency always makes active use of stabilization policy unnecessary. The more slowly the economy adjusts, the more likely it is that stabilization policy will be useful. The self-correcting tendency usually operates faster during deeper and more severe recessions. The absence of long-term contracts will make self-correction work slower in an economy.
Answer:
The more slowly the economy adjusts, the more likely it is that stabilization policy will be useful.
Explanation: Self correcting tendency is a term used to describe the various processes and steps which an economy undergoes as it adjusts itself in order to ensure to start a growth trajectory or sustain a growth path.
The slower the process the better for the economy, as the stabilization process Continue gradually,it will be easy for it to stabilise that growth path and improve along with little adverse impacts of Economic threats.
"Steven, age 43, earns $80,000 annually; and his wage replacement ratio has been determined to be 80%. He expects inflation will average 3% for his entire life expectancy. He expects to work until 68, and live until 90. He anticipates an 8% return on his investments. Additionally, Social Security Administration has notified him that his annual retirement benefit, in today s dollars will be $26,000. Using the purchasing power preservation model, calculate how much capital Steven needs, in order to retire at 68. "
Answer:
Explanation:
Savings Per Month- 80% of $80,000 = $ 64,000.
Future value for the Yearly saving of $64,000 and Social security of $26,000 for balance years of 25 (68-43)
Future Value= Present value (1+rate of interest)n
Future Value =64,000(1+0.03)∧25= 134,001.7875
Future value= $26,000(1+0.03)∧25- 54,438.22617
Difference= 1,340,001.7875 - 54,438.22617 = $79,563.56133
present value of a number of cash flows for 22 years after his retirement i.e. 90-68.. The Net rate is 5% i.e. (8%-5%)
Present Value= C 1−(1+r)−n r
=$79,563.56 (1−(1+.05)−22 0.05
Present value =$1,047,295.35
So he needs capital of $ 1,047,295.35 in order to retire at 68
Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respectively. At present she is buying these products in amounts such that the marginal utilities from the last units purchased of the two products are 80 and 70 utils, respectively.Is she buying the utility-maximizing combination of bread and milk? If not, how should she reallocate her expenditures between the two goods?
Answer:
See answer below.
Explanation:
The maximum utility theory states that more money should be allocated to resources that offer the highest utility per dollar spent.
In order to solve this question, we will calculate the utility per dollar as follows;
Utility per dollar = marginal utility / price
For bread:
Utility per dollar = 80/1 = 80
For milk:
Utility per dollar = 70/0.8 = 87.5
From the calculations above, we can see that more utility is gotten from the purchase of milk.
Therefore she is not buying the utility-maximizing combination of bread and milk, and more money should be spent on the purchase of milk.
Select the sentence that is completely correct. Most American cars are delivered fob Detroit; however, imports are not. Most American cars are delivered f.o.b. Detroit; however, imports are not. Most American cars are delivered fob Detroit, however imports are not.
Answer:
Most American cars are delivered f.o.b. Detroit; however, imports are not.
Explanation:
The completely correct sentence is;
Most American cars are delivered f.o.b. Detroit; however, imports are not.
Fob is an acronym for free on board, hence it should have "dots" in between.
Semicolon indicates a pause or that an explanation continues, as it joins two (2) independent clauses.
The correct sentence is: "Most American cars are delivered f.o.b. Detroit; however, imports are not." This sentence is grammatically accurate, uses the correct format for the abbreviation "f.o.b.", and appropriately separates clauses with a semicolon.
Explanation:The sentence that is completely correct according to English grammar and punctuation rules is: "Most American cars are delivered f.o.b. Detroit; however, imports are not." The term "f.o.b." is an abbreviation for "free on board," a term in international commerce that means the seller has delivered the goods when those goods pass the ship's rail at the named port of shipment. Adding periods after each letter in an abbreviation and separating independent clauses with a semicolon are both correct English writing conventions.
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Which transportation method is this?
Limestone from the upper Great Lakes area to steel mills in Chicago.
A. Pipeline
B. Railroad
C. Waterway
D. Motor
E. Air
Answer:
C. Waterway
Explanation:
The waterway is the mode of transportation used to transport goods over the water bodies across the globe to make transport convenient for covering a large distance. It is also considered a cheaper source of transportation in case heavier goods to transport to far distance. There are many water transport is used like; Ships, ferries, tug boats, sailboats, etc. and it travel over various bodies of water such as oceans, lake, canals, and rivers.
In the given case, Limestone is transported to Chicago's steel mills through upper great lakes.
Put the Procurement to Payment process steps in order of occurence: 1.Vendor Payment 2. Create and send Purchase Order to vendor 3.Create purchase requisition 4.Vendor Selection 5.Shipment ot item ordered from vendor 6.Invoice receipt 7.Goods Receipt
Answer:
The correct sequence is as follows;
3.Create purchase requisition - 4.Vendor Selection - 2. Create and send Purchase Order to vendor - 5.Shipment of item ordered from vendor - 7.Goods Receipt - 6.Invoice receipt - 1.Vendor Payment
Explanation:
In making a requisition, the first step is to create the purchase requisition. This then drives or informs the selection of a vendor.
Then, the purchase order is created and sent to the vendor. The vendor ships based on the purchase order, the goods are received and acknowledged.
The seller sends the invoice which informs the amount to be paid.
As the winter holiday season was approaching, Margie decided to give each team a window display or an indoor display to decorate. She gave minimal instructions about how to do the displays but was firm on the deadline and also explained that it was not a competition. Margie really wanted the different teams throughout the store to have fun and get in the spirit. Margie was trying to instill:
a.competence.
b.relatedness.
c.responsibility.
d.autonomy.
e.relationships.
Answer:
The answer is autonomy (Option D)
Explanation:
Autonomy in human resource management refers to the level or degree of discretion and freedom which an employee is permitted to exercise when performing his/her job. In other words, it means granting employees the freedom on how to approach work.
A manager or superior like Margie (in the question) who gives employees autonomy simply gives minimal instruction on what needs to be achieved but allows the employees to go about the job in ways that best suit them.
________ is the process of getting to know one's contacts in a host country and building mutual trust before embarking on business discussions and transactions. Grupo de opciones de respuesta Exchange of task-related information Persuasion Conflict management Relationship building
Answer:
The correct answer is letter "D": Relationship building.
Explanation:
When a firm starts operations internationally it is important to build relationships with the representatives of the entity with whom businesses will be handled. As the organizations have not worked together in the past, the rely on a fiduciary relationship which is based on trust both parties deposit in each other believing they will act accordingly. Creating strong bonds is likely to increase the efficiency of the operations handled by the participants.
Paul recently graduated from college and joined an information technology firm. When he starts work, Paul is taken aback by the differences between college life and professional life. He is dissatisfied with his unsupportive supervisor and is concerned about the lack of frequent feedback and the uncertainty of the logistical aspects of solving work problems. This scenario best exemplifies _____.
Answer:
entry shock
Explanation:
In simple words, entry shock refers to the stage in an individuals professional career where he or she might feel confused about his or her work and get concerned with their future. There could be many reasons behind such a scenario.
Some of which is lack of understanding of the practical aspects of the knowledge to be performed, lacking adjustment in the work environment etc. Thus, from the above we can conclude that the given case illustrates entry shock.
Final answer:
The response discusses uncertainty in starting a new job, the anxiety in transitioning from college to the professional world, and the importance of developing success-driven mindsets during this period.
Explanation:
Uncertainty in the professional setting: When Paul experiences dissatisfaction with his supervisor, lack of frequent feedback, and uncertainty in solving work problems, it reflects the high level of uncertainty typical in a new job.
Anxiety in transitioning: Similar to the nerves on the first day of a class with a new instructor, transitioning from college to the professional world can cause feelings of anxiety due to unpredictability.
Developing mindsets for success: Individuals like Paul need to adapt behaviors and mindsets to navigate challenges and frustrations in the transition from college to the workforce.
The static budget, at the beginning of the month, for Divine Décor Company, follows: Static budget: Sales volume: 1 comma 200 units; Sales price: $ 70 per unit Variable costs: $ 32 per unit; Fixed costs: $ 38 comma 000 per month Operating income: $ 7 comma 600 Actual results, at the end of the month, follows: Actual results: Sales volume: 990 units; Sales price: $ 75 per unit Variable costs: $ 35 per unit; Fixed costs: $ 34 comma 700 per month Operating income: $ 4 comma 900 Calculate the flexible budget variance for sales revenue.
Final answer:
The flexible budget variance for sales revenue is calculated by subtracting the flexible budget sales revenue from the actual sales revenue. In this case, it results in a favorable variance of $4,950, showing that Divine Décor Company's actual sales revenue was higher than what the flexible budget predicted for the given volume.
Explanation:
To calculate the flexible budget variance for sales revenue, we need to compare the actual revenue to what the revenue would have been if the static budget were adjusted to the actual sales volume. The static budget had predicted sales of $84,000 (1,200 units × $70 per unit). However, the actual results show that the Divine Décor Company sold 990 units at $75 per unit, totaling $74,250.
The flexible budget amount for sales revenue would take the actual quantity of units sold and multiply it by the static budget's sales price per unit, which gives us 990 units × $70 per unit = $69,300. The flexible budget variance is the difference between the actual sales revenue and the flexible budget sales revenue. So, the flexible budget variance for sales revenue is $74,250 (actual) - $69,300 (flexible budget) = $4,950 favorable, since the actual revenue exceeded the flexible budget amount.
What are the Countries in stage 2 of the demographic transition model
Answer:
there are a number of countries that remain in Stage 2 of the Demographic Transitionfor a variety of social and economic reasons, including much of Sub-Saharan Africa, Guatemala, Nauru, Palestine, Yemen and Afghanistan.
C) Nigeria is most likely to be in Stage 2 of the demographic transition model.
Let's analyze the given options:
A) Japan - Japan is actually in Stage 5 of the DTM. It has very low birth rates and an aging population, with population decline being a significant issue.
B) United States - The United States is in Stage 4 of the DTM. It has low but stable birth and death rates, and its population grows slowly mainly due to immigration.
C) Nigeria - Nigeria is a developing country with a high birth rate and declining death rate, making it most likely to be in Stage 2 of the DTM. Much of Sub-Saharan Africa, including Nigeria, fits this description.
D) Germany - Germany is in Stage 5 of the DTM. Similar to Japan, it experiences low birth rates and an aging population, resulting in population decline.
Complete question-
Which of the following countries is most likely to be in Stage 2 of the demographic transition model?
A) Japan
B) United States
C) Nigeria
D) Germany
Don has an employment contract with Dunkirk Ice Cream. He sells ice cream and novelty ice cream products. He has nine children and doesn't make enough money, so he decides to see if another dairy will hire him, too. "After all," he reasons, "most stores carry four or five different brands." His employment contract prohibits him from competing. If Don sells for another dairy in addition to Dunkirk, will he be in trouble under his contract
A) No, it is unenforceable as against public policy.B) Yes, it is likely to be enforceable during employment.C) No, the prohibition against competing is enforceable only after he quits Dunkirk.D) A court would have to rule on the enforceability of the covenant not to compete since courts are reluctant to enforce such covenants during a period of employment.
Answer:
The answer is option B) Yes, it is likely to be enforceable during employment
Explanation:
If Don sells for another dairy in addition to Dunkirk, will he be in trouble under his contract which clearly prohibits him from competing.
This clause in an employment contract is called the Non complete clause.
A non-compete agreement is a contract between an employee and employer that prohibits him from engaging in a business that competes with his/her current employer's business.
During the employment process, if you refuse to sign a non-compete, they choose not to hire you.
Most non-compete agreement is not voided if you resign or are fired. If you violate an enforceable non-compete, you could be sued for any actual losses suffered by your ex-employer.
In the _____ phase of the decision-making process, the objective is to define criteria for the decision, generate alternatives for meeting the criteria, and define associations between the criteria and the alternatives.
The development phase of the decision-making process involves defining the criteria for the decision, generating alternatives, and defining associations between the criteria and the alternatives.
Explanation:In the development phase of the decision-making process, the objective is to define criteria for the decision, generate alternatives for meeting the criteria, and define associations between the criteria and the alternatives. At this stage, various options are explored and weighed based on the predefined criteria, which could include factors such as cost, feasibility, and potential impact. The goal is to create a comprehensive list of potential solutions or strategies that can then be further analyzed and evaluated in subsequent stages of the decision-making process.
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Natalie walks by a bakery, and her first response to the aroma coming from the store is a desire to eat something sweet and delicious. Which of the following terms refers to this instantaneous response that Natalie experienced?
A. Comprehension.
B. Perception.
C. Sensation.
D. Exposure.
E. Assimilation.
In an oligopoly market Group of answer choices individual firms pay no attention to the behavior of other firms. advertising of one firm has no effect on all other firms. one firm's pricing decision affects all the other firms. the pricing decisions of all other firms have no effect on an individual firm.
Answer:
Option C
One firm's pricing decision affects all the other firms
Explanation:
An oligopoly is a market structure where the production of goods and services is shared by only a small number of large firms. A good example is the automobile industry in America
In an oligopoly, the leading firms are actually producing to a certain extent, substitute goods, since they are all within the same industry.
If one of the large firms sets a price, this will affect the pricing that the other large firms will adopt because of the substitutive nature of their goods and services. Businesses operating within an oligopoly want to keep their prices similar. Price reductions by a company will cause the other companies to reduce their prices also, to ensure they are still in the competition.
Hence,a firm's pricing decision affects all the other firms
How large of a sample size would you need to estimate a population proportion if you wanted to construct a 95% confidence interval
Answer:
Explanation:
To find a 95% CI with a margin of error no more than ±3.5 percentage points, where the true population proportion is around 42%, you must survey at least 764 people. 10×764 = 7640; presumably the electorate is larger than that.
Bread Company hires Craig to sell the companyâs products in a certain area. Bread agrees to pay Craig a salary, plus commission, for a trial period. They also agree that he can sell using any methods and during any hours that seem appropriate. The key factor in whether Craig is Breadâs employee is__________.a. the size of craig's sales area.b. the length of the trial period.c. the control home baked bread has over the details of the work.d. the amount of craig's salary.
The key factor involved in the Sales process of Craig is the control home- baked bread has over the details of the work.
Explanation:
In the process of sales, Corporate ventures apply many marketing strategies to reap the profit margin. It depends upon the reputation of each brand marketed through various selling layouts. Regardless of the size of the market area nor the factor of the trial period and the compensation package, He concentrated only on the quality of the Bread. He strongly believed that homemade bread products should ensure the full health benefits to the buyers who wish to consume again and again without hesitation.
He cannot envisage the status of sales in the future. But at the same time with his tedious jobs of propagating the quality of baked bread, He can boost the marketing and reach its popularity to all wishers who want to consume the product on the regular basis.
The key factor in determining whether Craig is Bread Company's employee is the control that Bread Company has over the details of the work. This control implies the more involvement the company has in dictating how, when, and where the work is done, the more likely it is that an employment relationship exists.
Explanation:In determining whether Craig is Bread Company's employee, the key factor is c. the control that Bread Company has over the details of the work. The more control the Bread Company has over Craig's activities and work details, the more likely it is that Craig would be considered an employee rather than an independent contractor. An example to illustrate this is the Canadian worker who could produce 10 loaves of bread in an hour due to having access to a large industrial-sized oven - it was still the bakery's decision on how much bread to produce, when, and what tools to use. However, in Craig's case, he is allowed to use any methods and work during any hours that he finds suitable, which implies he has a fair amount of autonomy in his role.
On the buyer's side of the labour market, a standard precaution against hiring a "lemon" of an employee is to specify that the first few months of employment are officially a trial or probationary period, and that the employer can dismiss the worker for any reason or no reason after that time. This indicates the element of control the company has over the job tenure during the trial period which is common in many jobs.
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Janice works as a consultant for a tech company. In the past, the company has relied heavily on its toll-free line to sell new products, as well as its numerous distribution channels. When customers are polled via a customer satisfaction survey, 93 percent of them report that one of the primary reasons they have continued to support the company is because of its quality customer service. Janice has been asked to brainstorm strategies to increase company sales. She suggests that the company employs automatic merchandising to cut costs and boost profits. Why might automatic merchandising be a bad idea for thsi company?
A. Distribution for automatic mercahndising is limited.
B. Automatic merchandising is archaic.
C. Automatic merchandising sales are impersonal.
D. It is too costly to maintain automatic merchandising around the clock.
E. It is difficult to develop effective marketing strategies for automatic merchandising.
Answer:
Option C.
Explanation:
Automatic Merchandising refers to the way in which the selling of merchandise is carried out through the use of vending machines.
Automatic Merchandising can also referred to as automatic selling and it saves the company from incurring cost of labor, involving a third party directly and so on.
However, this method might be the wrong strategy to be used in the company Janice works for. This is due to the fact that the company's customers are still loyal to the company because of the quality customer service. The quality customer service that the company offers will therefore, cease to exist if the company switched to Automatic Merchandising, because sales through this method are impersonal.
Answer:
C) Automatic merchandising sales are impersonal.
Explanation:
Since 93% of the company's customers state that they value the high quality of the firm's customer service system, if you eliminate it, many of them might feel that the company does not care about them and that the whole company's quality is decreasing. A large portion of the company's sales are made through a toll free number and replacing a human salesperson with a machine is not always the best idea.
Many times it depends on what type of products you sell and who is your target market. Some products do not need a lot of explaining, but others do. By eliminating customer service and replacing it with an automated service, you might save money but it will negatively affect the whole company.
Keynes was an economist during the Great Depression. During the Great Depression there was:_________
a) low unemployment and high inflation.
b) high unemployment and high deflation.
c) low unemployment and low inflation.
d) high unemployment and low inflation.
e) high unemployment and high inflation
Answer:
b) high unemployment and high deflation.
Explanation:
Keynes was an economist during the Great Depression. During the Great Depression there was;
- High unemployment
- High deflation.
John Maynard Keynes who was born on the 5th of June 1883, was a British economist.
During the Great Depression, John Maynard Keynes promoted expansionary actions to encourage economic recovery.
Keynes was an economist during the Great Depression. During the Great Depression there was:_________
a) low unemployment and high inflation.
b) high unemployment and high deflation.<===== The answer
c) low unemployment and low inflation.
d) high unemployment and low inflation.
e) high unemployment and high inflation
The NEC® arose as a consensus of more than 1200 individuals primarily to ____.
a.standardize price
b.schedules combat a growing
c.epidemic of electrical fires
d.standardize equipment use as a marketing tool
NEC arose to:
d.standardize equipment use as a marketing tool
Explanation:
NEC Corporation is a multinational IT and Electronics firm that is based out of Japan.
It was started in the 60s as Nippon Electric company ltd. but it re branded itself to name NEC in 1983.
It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.
Their impact on the whole industry has been immense.
The NEC® was developed to address safety concerns, specifically to prevent electrical fires, by establishing a set of widely recognized electrical standards, correct answer is option c.
The NEC® (National Electrical Code) arose as a consensus of more than 1200 individuals primarily to combat a growing epidemic of electrical fires.
The NEC®'s principal aim is to set standards for safe electrical installation and maintenance to protect people and property from hazards arising from the use of electricity.
Alongside safety, the NEC® also plays a role in ensuring energy efficiency and reliability, reflecting changes in equipment use patterns and promoting efficiency standards, much like the CEC's efforts in regulating appliance efficiency and transforming utilities' approach to energy sales and consumption.
The practice whereby buyers and sellers combine their expertise and resources to create customized solutions; commit to joint planning; and share customer, competitive, and company information for their mutual benefit, and ultimately the benefit of the customer, is referred to as:
A. multichannel selling.
B. partnership selling.
C. cross-functional selling.
D. customized ordering.
Answer: Partnership selling
Explanation:
Partnership is a firm of business that occurs when two or more people pool their resources together on order to achieve a common goal.
Partnership selling focuses on the creation of a buying environment
that is based on the customer defined value. For partnership salespeople, they create a bridge between themselves and the customers which give them win-win solutions.
Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash value coverage on this camera, which means his insurance company will issue him a check for ________ for his loss. A similar new camera now costs $200.
Answer:
insurance company will pay $75 to Alfred.
Explanation:
given data
Actual cost of camera = $200
Alfred cost of camera = $150
Life expectancy = 6 years
solution
we get here first Remain life of camera that is
Remain life of camera = 6 years - 3 years
Remain life of camera = 3 years
and
now we get here current cost of the camera that is
current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy) ........................1
put here value and we get
Current cost of camera = $150 × [tex]\frac{3}{6}[/tex]
Current cost of camera = $75
so that insurance company will pay $75 to Alfred.
The interaction between information systems and organizations is:_____________
1. primarily guided by the decision making of middle- and senior-managers.
2. a complex, two-way relationship mediated by factors such as the environment and organizational structure.
3. is driven by the microeconomic forces of capital and labor.
4. successfully managed when the organization's existing culture and goals are seen as the driving force.
Answer:
The correct answer is 2
Explanation:
Information system is the system which aims to support the operations, decision making and management of the organization. The system of organization is created or established in order to process, store, collect as well as distribute the information.
Organizations are those who uses the information system.
So, the interaction among the organizations and information system is the complex procedure, involve two way relationship which is mediated through factors like the structure of organization and environment.
Final answer:
The interaction between information systems and organizations is complex and mediated by numerous factors, including organizational structure and external environment, with the decision-making process playing a critical role.
Explanation:
The interaction between information systems and organizations is a complex, two-way relationship mediated by factors such as the environment and organizational structure. It includes human software interactions in complex automated systems, especially the decision-making processes of workers as they are supported by the software system. This interplay is not solely guided by the decision-making of middle- and senior-managers, nor is it driven purely by microeconomic forces of capital and labor. Furthermore, though the existing culture and goals of an organization are important, they are not the only driving force behind the successful management of this interaction. The world of making decisions and processing in economics is heavily influenced by how well and how fast information disseminates through a society, resembling the deep and liquid markets operating under conditions of perfect information.
Which statement is correct as it relates to budgetary control? Budget reports are used to compare estimated results with budgeted results. Planned objectives lose value when monitored. Budget reports are prepared either annually or quarterly. Budgets contribute to the control of operations.
Answer:
Budgets contribute to the control of operations.
Explanation:
Working with a fixed budget gives one primary control of a targeted operation. A budget enables one work effectively with the necessary labor required, equipment, outsourced tasks, production schedule etc. Without a planned budget, an operations lifespan becomes uncertain which is not good.
Shannon is an officer for Turista Shirts Corporation. Due to a bad business decision, made on a reasonable basis, on Shannon’s part, the company’s sales decrease. Shannon is most likely liable for breach of:
Answer:
(d) none of the choices.
Explanation:
Since in the question, it is given that Shannon is an officer and because of a bad business decision that made on a reasonable basis, the company sales decreased that does not reflect the breach of duty of care, neither the judgment rule nor the duty of loyalty
As these options do not a reason for reducing the sales of the company
Hence, the correct option is d.
Fundamental areas of management in supply chain operations management include:____________
1. Quality, Inventories, and Processes.
2. People, Equipment, and Money.
3. Markets, Processes, and Sales.
4. Lean Systems, Quality, and Flexibility.
Answer:
1. Quality, Inventories, and Processes.
Explanation:
Let’s say your friend wants to invest all of her saved money into ONE individual stock. Is this a good idea? Why or why not?
This is not a good idea as stocks are volatile.
Explanation:
One must never invest a lot of money in only one stock as the stocks are wont to change over time and gain or lose value.
If one wants a long term investment with at least some amount of safety they must be investing in stocks that grow consistently and then to break up the capital in small chunks and then invest them.
All of these can be invested in different shares in the market and then the shares would be more safe.
Even if one or two shares fall the others will be safe.
Howard Corporation issued a 20-year mortgage note payable on January 1. On December 31, the unpaid principle balance will be reported as:_______.
a. part current and part long-term liability.
b. a current liability.
c. a long-term liability.
d. interest payable.
Answer:
c. a long-term liability.
Explanation:
Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.
In this question on December 31, Howard Corporation need to pay the principal in 19 years from now, as it it a long period, so amount of principal will be classified as a long-term liability.