Answer:
The correct word for the blank space is: competitive.
Explanation:
Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:
Cost-plus pricing. Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm. Competitive pricing. Implies establishing the price of a product similar to what competitors in the market have set. Value-based pricing. It requires setting the price of goods and services based on what consumers think the price should be. Price skimming. Involves pricing a product high at first and changing the price according to market fluctuations. Penetration pricing. Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.
Due to several years of poor performance, Scrappy's Metal Fabrication, Inc., is closing. Through the use of debt financing, workers plan to purchase the company's stock from current shareholders in order to buy the firm, improve company performance, and save jobs. True False
Answer: True
Explanation: Debt financing is when firm raises money for its capital or capital expenditure by selling bonds, bill or notes to individual or institutional investors. There are two main ways of debt financing, they are; selling bonds, bills and note and the second is long term loan from family, individual or banks.
So through the use of debt financing, the workers can purchase the company's stock to buy the firm and saves jobs.
A cut in taxes _____, shifting the aggregate demand curve to the _____. increases corporate profits and investment; left increases disposable income and consumption; right decreases government transfers and consumption; right decreases the marginal propensity to save, increasing consumption; left
Answer:
Increases disposable income and consumption; right
Explanation:
A reduction in the taxes by the government of a particular nation will increase the disposable income of the consumers of that nation. A disposable income refers to the income of the consumer after deducting the taxes.
Hence, if the disposable income of the consumer increases then as a result this will increase the purchasing capacity of the consumers and the demand for goods & consumption level also increases.
Due to this increase in the disposable income and consumption level, there is a rightward in the aggregate demand curve.
Melodyâs Piano School operations for the month of May were limited to the following transactions:1. Provided $500 of instruction to students. 2. Of the $500 of instruction provided in May, $400 is collected in cash, and an additional $300 is collected for lessons provided in April. 3. Paid April's piano rental bill of $100. Received May's bill of $150 but did not pay.What is Melody's Net Income for May using the cash basis of accounting?
Answer:
$600
Explanation:
Under the cash basis, the cash surplus is reported as profit which is calculated as under:
Cash Surplus = Cash inflow - Cash outflow
Here cash inflow are the receipt of cash which includes $400 and $300. Furthermore, the cash outflow includes $100 only.
So by putting values, we have:
Cash Surplus = ($400 + $300) - $100 = $600
This cash surplus of $600 will be reported as net income for the year under the cash basis of accounting.
Gordon Ltd., a 100% owned British subsidiary of a U.S. parent company, reports its financial statements in local currency, the British pound. A local newspaper published the following U.S. exchange rates to the British pound at year end:
Current rate $1.50
Historical rate (acquisition) $1.70
Average rate $1.55
Inventory (FIFO) $1.60
Which currency rate should Gordon use to convert its income statement to U.S. dollars at year end?
Answer:
Average rate = $1.55
Explanation:
Normally all companies use the current rates for the transaction, revenue department and profit loss, but it is not fair to use the same current rate on different dates.
Therefore, businesses usually use average exchange rates to overcome these kinds of shortcomings.
Therefore in this example, it would be appropriate to use the average exchange rates by the parent company to find the income of the subsidiary.
The government regulates monopolies because A. monopolies generate inefficiency by creating a misallocation of resources. B. monopolies price their output above the marginal cost of production. C. monopolies produce less than the socially desirable level of output. D. All of the above.
The government regulates monopolies due to the inefficiencies they create, such as a misallocation of resources, pricing output above marginal cost, and producing less than the socially desirable level of output. Thus, the answer is D. All of the above.
A monopoly typically results in a misallocation of resources as the firm produces less output than what is socially desirable, leading to a higher price compared to a perfectly competitive market.
Specifically, monopolies generate inefficiency by pricing their output above the marginal cost of production, producing less than the socially desirable level of output, and thereby causing economic harm.Therefore, the correct answer is D. All of the above.
XYZ Company has expected earnings of $3.00 for next year and usually retains 40 percent for future growth. Its dividends are expected to grow at a rate of 10 percent indefinitely. If an investor has a required rate of return of 15%, what price would he be willing to pay for XYZ stock?a. $12.50 b. $25.00 c. $30.00 d. $40.00
Answer:
Price of stock = $40
Explanation:
According to the dividend growth model, the price of a stock is the present value of expected dividend discounted at the required rate of return.
This is done as follows:
Price of a stock = D×(1+r)/(r-g)
D(1+g) - Dividend for next year = 100%-40%× $3 = $1.8
g- growth rate - 10%
r- required rate of return - 15%
Price of stock = 1.8× (1.1)/(0.15-0.1)
= $40
Executives at Southwestern Construction have noticed that the company's construction team in the Phoenix office is more efficient with its resources than the other teams in the Las Vegas, Salt Lake, and Santa Fe offices. They decide to construct a knowledge management system that will allow the Phoenix team's methods to be shared with the other three offices. As a means of convincing the other teams to adopt the new methods, they develop an incentive program that allows team members to earn a percentage of the money they save on each project. This is related to which phase of knowledge management project implementation?a. starting with a small pilot and enthusiastic participants
b. connecting the KM to goals and objectives
c. identifying valuable tacit knowledge
d. getting employees to buy in
Answer:
D. getting employees to buy in
Explanation:
This is simply a way of letting employees see the possibility of added productivity and the incentive program would act as a catalyst to fuel their drive towards the new management project implementation. The idea of incentives makes employees work harder and better.
An insured's CGL has a Products and Completed Operations Aggregate Limit of $100,000 with a $20,000 limit per occurrence. Following claims for two separate occurrences in the amounts of $35,000 and $25,000, how much of the aggregate remains for all other claims in the policy period?
The aggregate remains for all other claims in the policy period is $60,000.
What is a policy claim?A Policy Claim is a liability incurred as a result of a contract or policy of insurance issued by an unauthorized insurer, as defined in Chapter 101. Claims under reinsurance contracts and claims of other creditors are not included in the definition.
The aggregate remains for all other claims in the policy period is calculated as:-
General aggregate limit of CGL policy = $100,000
Per-occurrence limit = $20,000
For the first claim for a $35,000, the maximum amount paid will be the Per-occurrence limit i.e. $20,000
Subsequently for a second claim for a $25,000 loss the amount paid will be minimum of the Per-occurrence limit or the loss amount claimed i.e. $20,000.
Total amount of claim provided by the insurer up to the second claim:
= $20,000 + $20,000
= $40,000
Amount remaining
= General aggregate limit of CGL policy - Total amount of claim provided by the insurer till second claim
= $100,000 - $40,000
= $60,000
Therefore, $60,000 is the amount remaining for all other claims in the policy period.
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Final answer:
After two claims of $35,000 and $25,000, the remaining aggregate limit on the CGL policy is $40,000, calculated by subtracting the total claims paid from the original aggregate limit of $100,000.
Explanation:
The student's question pertains to the calculation of the remaining aggregate limit in a Commercial General Liability (CGL) policy after two claims have been filed and paid.
The original Products and Completed Operations Aggregate Limit is $100,000, and the limit per occurrence is $20,000.
With claims of $35,000 and $25,000, the total amount paid out is $60,000. To determine how much of the aggregate remains, we subtract the total amount of the claims from the original aggregate limit:
$100,000 (original aggregate) - $60,000 (total claims paid) =
$40,000 remaining aggregate limit
Thus, the policy has $40,000 remaining to cover any other claims that may occur during the policy period.
The net income reported on the income statement is $90,000. However, adjusting entries have not been made at the end of the period for supplies expense of $2,700 and accrued salaries of $1,300. Net income, as corrected, is:________.
a. $87,300
b. $90,000
c. $88,700
d. $86,000
Answer:
Corrected net income = $86,000
Explanation:
Given:
Net income in statement = $90,000
Supplies expense (Not deducted) = $2,700
Accrued salaries (Not deducted) = $1,300
Corrected net income = ?
Computation of Corrected net income:
Corrected net income = Net income in statement - Supplies expense (Not deducted) - Accrued salaries (Not deducted)
Corrected net income = $90,000 - $2,700 - $1,300
Corrected net income = $86,000
Cracker Jack, an American brand snack of caramel-coated popcorn and peanuts, has been in existence since 1896. The brand became popularized due to its free prize inside every box. Which of the following promotion tools does this exemplify? A) coupon B) sample C) premiumD) price pack E) rebate
Final answer:
The correct answer is C) premium. The inclusion of a free prize inside every box of Cracker Jack illustrates the use of a premium as a promotion tool, aimed at enhancing perceived value and creating brand loyalty.
Explanation:
The promotion tool exemplified by Cracker Jack including a free prize inside every box is a premium. This marketing strategy involves offering an additional item or gift to promote the product and encourage purchase, and it differs from coupons, samples, price packs, and rebates. In the case of Cracker Jack, the premium takes the form of a small toy or prize that adds value to the overall purchase for the consumer.
The use of premiums is a historical practice to create brand loyalty and differentiate products in a crowded market. This strategy of providing something 'extra' in the package can enhance the consumer's perceived value of the product. Brands like Cracker Jack have built a nostalgic association with their products by consistently offering premiums, which in turn helps to maintain a strong and loyal customer base over time.
Citynet, LLC, established an employee incentive plan 'to enable the Company to attract and retain experienced individuals.' The plan provided that a participant who left Citynet's employment was entitled to 'cash out' his or her entire vested balance. (When an employee's rights to a particular benefit become vested, they belong to that employee and cannot be taken away. The vested balance refers to the part of an account that goes with the employee if he or she leaves the company.)When Citynet employee Ray Toney terminated his employment, he asked to redeem his vested balance, which amounted to $87,000.48. Citynet refused, citing a provision of the plan that limited redemptions to no more than 20 percent annually. Toney filed a suit in a West Virginia state court against Citynet, alleging breach of contract. Citynet argued that the plan was not a contract but a discretionary bonus over which Citynet had sole discretion.
Was the plan a contract? If so, what was the consideration?
Answer:
There is a contract but a unilateral one.
Explanation:
There is a contract but a unilateral one.
Employee incentive plan “to enable the Company to attract and retain experienced individuals" is an offer ,to which the extended stay of Toney is the acceptance. And, naturally, Citynet is obligated to fulfill the "promise" promised. The plan is very much a contract with the above said offer and its acceptance that makes the promise binding and legally enforceable..
Consideration here is Toney's staying on the job.
On stay,the plan provided “cash out” of his or her entire vested balance ie.when an employee’s rights to a particular benefit become vested, they belong to that employee and cannot be taken away. The vested balance refers to the part of an account that goes with the employee if he or she leaves the company.
Nowhere, the amount to vest on voluntary termination , is left to the sole discretion of Citynet .
As such in the above case, Toney is right in suing Citynet for breach of contract as all the essential elements of a contract ,namely, valid offer and its acceptance and a legally acceptable consideration --are present to make the incentive plan and the promises contained therein, binding and enforceable on Citynet .
Yes, the plan is considered a contract, and the consideration for the contract is the mutual exchange of promises between Citynet, LLC, and its employees.
Specifically, the employees promise to perform their job duties effectively, and in return, Citynet promises to provide the incentive plan benefits, including the ability to cash out the vested balance upon termination of employment.
In the context of employment law, a contract is formed when there is an offer, acceptance, and consideration. Consideration refers to something of value that is exchanged between the parties. In this case, Citynet's employee incentive plan constitutes a unilateral contract where the company offers benefits in exchange for the employees' continued service and performance.
The plan itself outlines the terms of the agreement, including the eligibility criteria, the vesting schedule, and the conditions under which an employee can cash out their vested balance. By continuing to work for Citynet and fulfill their job responsibilities, employees accept the terms of the plan and provide their consideration in the form of their services.
Citynet's argument that the plan is a discretionary bonus rather than a contract is undermined by the explicit terms of the plan, which promise specific benefits upon the occurrence of certain conditions, such as termination of employment. The fact that the plan was established to enable the Company to attract and retain experienced individuals indicates that it was intended to be binding and to provide a tangible benefit to employees in exchange for their continued service.
Furthermore, the vested balance is not merely a gratuitous payment but is part of the employees' compensation package that they earn over time through their service to the company. The vesting process itself is a clear indication of a contractual relationship, as it represents a gradual transfer of ownership of the benefit from Citynet to the employee, based on the fulfillment of the employment term.
In conclusion, the employee incentive plan is a contract because it involves a mutual exchange of promises: Citynet promises to pay the vested balance upon termination, and the employee promises to provide services to the company. The consideration is the employees' work and loyalty in exchange for the company's promise to provide the benefits outlined in the plan, including the cash out option for the vested balance. Therefore, Citynet's refusal to allow Ray Toney to redeem his full vested balance as per the terms of the plan would constitute a breach of contract.
This information relates to Cheyenne Real Estate Agency.
Oct. 1 Stockholders invest $31,770 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $42,720.
3 Buys office furniture for $3,740, on account.
6 Sells a house and lot for E. C. Roads; commissions due from Roads, $10,430 (not paid by Roads at this time).
10 Receives cash of $185 as commission for acting as rental agent renting an apartment.
27 Pays $800 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $3,560 in salary for October.
Prepare the debit-credit analysis for each transaction. (If there is no transaction, then enter no effect for the account and 0 for the amount.)
Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $31,770
To Common stock $31,770
(Being issuance of shares for cash is recorded)
2. No Journal Entry is required
3. Office furniture Dr, $3,740
To Accounts payable $3,740
(Being purchase of office furniture on credit is recorded)
4. Accounts receivable $10,430
To service revenue $10,430
(Being customer billed for service is recorded)
5. Cash $185
To credit revenue $185
(Being cash received for service is recorded)
6. Accounts payable $800
To cash $800
(Being cash paid for office furniture purchased is recorded)
7. Salaries expense Dr, $3560
To cash $3560
(Being salary paid is recorded)
Given transactions for Cheyenne Real Estate Agency include stockholders' investment, hiring of an employee, buying office furniture, earning commission on a home sale and apartment rental, and paying off a part of account payable and salary. Each of these transactions have been analysed in terms of debit - credit entries.
Explanation:The debit-credit analysis for each transaction for Cheyenne Real Estate Agency in October would be as follows:
Oct. 1: Debit Cash $31,770, Credit Common Stock $31,770. This reflects the stockholders' investment in exchange for common stock.Oct. 2: No immediate transaction effect on this date as the administrative assistant is hired, but no salary is paid yet.Oct. 3: Debit Office Furniture $3,740, Credit Accounts Payable $3,740. This is the purchase of office furniture on account.Oct. 6: Debit Accounts Receivable $10,430, Credit Commission Revenue $10,430. This is the commission due from the sale of a house and lot.Oct. 10: Debit Cash $185, Credit Commission Revenue $185. This represents the cash commission received for renting an apartment.Oct. 27: Debit Accounts Payable $800, Credit Cash $800. This is the payment of $800 on account for the office furniture purchased on October 3.Oct. 30: Debit Salary Expense $3,560, Credit Cash $3,560. This is the payment of salary to the administrative assistant.Learn more about debit-credit analysis here:https://brainly.com/question/37191414
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When a corporation wishes to issue certain securities, it must provide sufficient information for an unsophisticated investor to evaluate the financial risk involved. Specifically, the law imposes liability for making a false statement or omission that is "material." What sort of information would an investor consider material?
Answer:
Generally unsophisticated investors are concerned with facts that would make them reject buying the stocks or securities specially regarding certain conditions of the corporation, e.g.:
changes in dividends policieschanges int he corporation's financial conditioncorporation's liabilities and pending lawsuitsloans to managers or directorshigh amount of customer delinquencynew developments or productsother important and relevant informationFinal answer:
Material information critical for an investor's decision-making regarding the purchase of securities includes financial statements, management discussions, legal proceedings, business models, and risk factors.
Explanation:
Material information refers to any data that a reasonable investor would consider important in making an investment decision. In the context of a corporation issuing securities, material information includes a wide range of financial and non-financial disclosures that could influence an investor's evaluation of the financial risk involved. This can encompass details about the company's financial condition, operations, business prospects, management, and potential conflicts of interest.
Examples of material information could include:
Financial statements (balance sheet, income statement, cash flow statement)Management's discussion and analysis of financial condition and results of operationsInformation regarding any legal proceedings the company may be involved inDetails about the company's business model and market conditionsDisclosures about executive compensation and any material contracts the company may haveRisk factors that could impact the company's performanceThe Federal Securities Act and the Securities and Exchange Commission (SEC) play crucial roles in ensuring that companies provide this information to protect investors and the integrity of the markets.
A manager expends extra effort because she has been told that she will get a $50,000 bonus if her team meets their quota. She also feels stress because she has been informed that she will be put on probation if she does not get her team to perform above last year's total. Which of the following does this scenario illustrate?
A) Equity theory
B) Maslow's esteem needs
C) Two-factor theory
D) Performance-to-outcome expectancy
E) The Porter-Lawler extension
Answer:
C) Two-factor theory
Explanation:
Two factor theory as developed by Frederick Herzberg states that individual factors at work can cause job satisfaction while other different factors can trigger dissatisfaction and these factors are independent of each other.
This theory properly explains the situation this manager is facing. She is told she will get a bonus of $50,000 if her team meets their quota and at the same time she feels pressured because she has also been told she will be placed on probation if the quota is not met.
The factor in this case that will cause job satisfaction is the $50,000 bonus, while the factor that will cause job dissatisfaction is the probation. The two events are independent of each other, because if the manager meets the quota she gets the bonus and if she doesn't she is put on probation.
When perfect competition prevails, which characteristic of firms are we likely to observe? They are all price takers. They all try to operate where price equals average variable cost. They all try to operate where price equals total cost. None of them ever has diminishing marginal returns.
Answer:
They are all price takers.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
Market price is set by the forces of demand and supply. Therefore, firms are price takers. Because all firms sell identical goods, no seller can set the price for her goods. If a seller attempts to sell above the market price, it would lose patronage. A seller would have no incentive to sell below market price because they would be earning losses.
Perfect competition produces at : price = marginal cost = marginal revenue.
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Anheuser-Busch InBev Companies, Inc., reported the following operating information for a recent year: Sales $5,088,000 Cost of goods sold $1,272,000 Selling, general and administration 636,000 $1,908,000Income from operations $3,180,000* *Before special items In addition, assume that Anheuser-Busch InBev sold 53,000 barrels of beer during the year. Assume that variable costs were 75% of the cost of goods sold and 50% of selling, general, and administration expenses. Assume that the remaining costs are fixed. For the following year, assume that Anheuser-Busch InBev expects pricing, variable costs per barrel, and fixed costs to remain constant, except that new distribution and general office facilities are expected to increase fixed costs by $19,100.When computing the cost per unit amounts for the break-even formula, round to two decimal places. If required, round your final answer to the nearest whole barrel.Required:a. Compute the break-even number of barrels for the current year.b. Compute the anticipated break-even number of barrels for the following year.
Answer:
a. Compute the break-even number of barrels for the current year.
9,558 barrelsb. Compute the anticipated break-even number of barrels for the following year.
9,819 barrelsExplanation:
total sales = $5,088,000
units sold = 53,000 barrels
price per barrel = $96 per barrel
total variable costs = 70% of COGS + 50% of S&A costs = (70% x $1,272,000) + (50% x $636,000) = $890,400 + $318,000 = $1,208,400
variable cost per unit = $1,208,400 / 53,000 barrels = $22.80
total fix costs = total costs - variable costs = $1,908,000 - $1,208,400 = $699,600
contribution margin = sales price - variable cost per unit = $96 - $22.80 = $73.20
current break even point in units = total fixed costs / contribution margin = $699,600 / $73.20 = 9,557.38 ≈ 9,558 units
next year's fixed costs = $699,600 + $19,100 = $718,700
next year's break even point = $718,700 / $73.20 = 9,818.31 ≈ 9,819 units
Walmart's customers have come to expect to find P&G products in stores, and P&G depends on Walmart to purchase a good portion of its output to sell to its own customers. This scenario represents the first phase of a___.
Answer:
vertical marketing system
Explanation:
Based on the scenario being described within the question it can be said that this scenario represents the first phase of a vertical marketing system. This is a cooperative system of business, in which members work together in order to correctly promote efficient manufacturing and product delivery to the customers, to meet customer needs.
Cost of goods available for sale is computed by adding: a) purchases to beginning inventory.b) beginning inventory to the cost of goods purchased. c) net purchases and freight-in. d) beginning inventory to net purchases.
Answer:
The correct answer is B and D
Explanation:
Cost of goods available for sale is defined as the price paid for the inventory which is ready for the customers to purchase. In short, it is the purchase price or the amount of all the merchandises that is ready for sale with the retailer in the market.
The formula to computing the cost of goods available is as:
Cost of goods available for sale = Net (Total) Purchases + Beginning Inventory
OR
Cost of goods sold for sale = Beginning (Starting) inventory + Cost of goods purchased
This computation measures or evaluates the inventory amount or price that the retailer has at any point during the period.
The cost of goods available for sale is computed by adding the beginning inventory to the net purchases.
Explanation:The cost of goods available for sale is computed by adding the beginning inventory to the net purchases.
Net purchases represent the total purchases made by a company during a specific period, minus any purchase returns, discounts, or allowances. It is the amount of inventory acquired by the company during that time.
Beginning inventory refers to the value of inventory that the company has at the start of the period.
By adding the beginning inventory to the net purchases, we get the total cost of goods that were available for sale during the period.
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When ConAgra learned that stores were selling more time-saving meals and snacks when school started, it launched its "Seasons of Mom" campaign to help grocers adjust to seasonal shifts in household needs. Which of the eight possible actions to improve the quantity and quality of its marketing intelligence most likely yielded this insight?
Answer:
Explanation:
Based on the scenario being described within the question it can be said that the action that most likely yielded this insight would be motivating distributors, retailers, and other intermediaries to pass along important intelligence. This action allowed information to move more rapidly throughout the company, which in term led ConAgra to receive this insight and make the appropriate decision.
Sometimes, customers can tell if they received good service. For example, vacations, haircuts, and restaurants all have ________ attributes that allow customers to decide whether they will repeat the purchase another time. Multiple Choice purchasable tangible focused experience search
Answer:
Experience
Explanation:
There are several characteristics of services which includes:
1. Intangibility:
2. Inseparability:
3. Perishability:
4. Heterogeneity:
5. Lack of ownership:
1. Intangibility: Services can be experienced but can not be seen, felt, heard, smelt or tasted.
2. Inseparability: Services such as haircut are usually inseparable from the receiver(consumer) while some services can be produced and delivered if the presence of the customer is optional such as plumbing, dry cleaning.
3. Perishability: Unlike goods, services cannot be stored for later use.
4. Lack of ownership: Consumers don't have ownership but can only pay to have access to the facility for a period of time. Such as payment to use a gymnastic center.
5. Heterogeneity: Quality of services differ from customers to customers and from time to time. No two amount of services will yield same level of satisfaction.
Katz is an all-equity development company that has 36,000 shares of stock outstanding at a market price of $25 a share. The firm's earnings before interest and taxes are $29,000. Katz has decided to issue $200,000 of debt at a rate of 6 percent and use the proceeds to repurchase shares. What should Leslie do if she owns 600 shares of Katz stock and wants to use homemade leverage to offset the leverage being assumed by the firm?
Answer:
Leslie needs to reduce its investment in the firm by 22.22% and so, needs to sold 133 shares
Explanation:
In order to know what should Leslie do we need to calculate first the share repurchased and the value of equity.
Share repurchased = 200,000/ 25 = 8,000
Value of Equity = (36,000- 8,000) * 25 = 700,000
Next, we have to calculate the debt radio, according to data Value of debt = 200,000, hence Debt Ratio = 200,000/ (200,000 + 700,000) = 0.2222
Therefore, Leslie needs to reduce its investment in the firm by 22.22%
So, Leslie will sold stocks = 0.2222 * 600 = 133 shares
The production head at the canned juice unit of True Candy Inc. would frequently stay back after office hours and experiment with new organic hard candy flavors even though this was part of the new product development team's job. As a result of these experiments, he came up with two new flavors of organic hard candy, raspberry-apricot, and strawberry-apple. After rigorous test marketing, which proved that the market would accept the new candy, the product variants were successfully launched. Which of the following strategies does this scenario best illustrate?
a. Unrealized strategy
b. Emergent strategy
c. Tactical strategy
d. Intended strategy
Answer:
B. Emergent strategy
Explanation:
The scenario illustrate emergent strategy.
Emergent strategy: It can also be called "realized strategy". It refers to the pattern of action developed over time by a firm in the presence of absence of specific mission and goals. It implies that an organization is learning what works in practice.
Emergent strategy can be defined as a set of actions, or behavior, consistent over time that was not intended. It is a strategy that develops when an organization takes a series of actions that becomes a consistent pattern of behavior with time.
Emergent strategy involves strategic and tactical changes which responds to events as they arises.
Answer:
Emergent Strategy
Explanation:
Mintzberg defines emergent strategy as an action outside the original or defined plan of an organization that is consistently carried out over a period of time in order to achieve a particular set goal.
It allows flexibility in operation and production processes as it permits new innovation . Employees moral are boosted and work culture improved.
The production head commitment to new organic hard candy flavor experiment despite the fact that it was out of his scope of work is a typical illustration of Emergent strategy
A paint company mixes ten different base colors into 3,000 different color options. If production scheduling is organized around the ten different base colors , then the bills of material are classified as which of the following?1A) phantomB) planningC) modularD) low-levelE) A and B
Answer:
C) modular
Explanation:
In supply chain management, a modular bill of material is used when you manufacture products with several modules or optional features. In this case, the 10 base colors can be mixed together to form 3,000 different colors. Modular billing allows the company to organize them by subassemblies or product options.
_____ involves determining, through observation and study, the specific tasks that comprise a job and the knowledge, skills, and abilities necessary to perform the job. A. Job descriptionB. Job specificationC. Job designD.Job analysisE. Job appraisal
Answer:
The correct answer is letter "D": Job analysis.
Explanation:
Job analysis refers to the study of the duties of a given job position to determine what qualifications, skills, and expertise is needed to perform those activities. This analysis is typically conducted by members of the Human Resources (HR) department with the assessment of each other departments' managers. This data gathered is useful to update the Job Description Book.
Mr. Stone's students have been completely engrossed in a physics experiment.At the end of the experiment, all of his students scored 100% on the follow-up quiz. This is one of Mr. Stone's most effective class sessions. This illustrates:________.
a. engaged time or time on task.
b. access to learning.
c. academic learning time.
d. instructional time.
Answer: Academic learning time
Explanation:
Academic learning time is the amount of time when students are actively, and productively engaged in learning their relevant academic content. A high level of Academic Learning Time simply means that the students are covering vital content in their academics, the students are on-task for most of the class period; and are also successful on most the assignments they do.
Me Stone's is using academic learning time which is shown in the success rate of the experiments done by the students.
Answer:
The correct option is C,academic learning time.
Explanation:
Academic learning time refers to a specific time students actively participated,contributed and exhibited a high level of interest in academic content being taught by their teacher.
The results of the quiz of 100% only goes to show the high level of attention paid by the students to their class activities,at 100% performance,it is right to say that the students paid attention to the Physics experiment wholeheartedly.
Most insurance companies will replace a vehicle any time an estimated repair exceeds 80% of the "blue-book" value of the vehicle. Michelle's insurance company paid $7000 for repairs on her car after an accident. What can be concluded about the blue-book value of the car?
Answer:
The Blue Book value of the car is probably greater than $8750.
Explanation:
The term Blue Book Value is used to refer to the value of a vehicle by a guide known as the Kelley Blue Book. Since the 1920s, the Kelley Blue Book has served as a standard within the auto industry in the United States.
If Michelle's insurance company paid $7000 for repairs, then:
$7000/0.80 = $8750.
We can therefore conclude that the Blue Book value of the car is probably greater than $8750.
The blue-book value of Michelle's car is $8750.
Explanation:The insurance company will replace a vehicle if the estimated repair cost exceeds 80% of the blue-book value of the car. Michelle's insurance company paid $7000 for repairs, so we can conclude that the estimated repair cost is greater than 80% of the blue-book value. Let's set up an equation to find the blue-book value:
80% of the blue-book value = $7000
To solve for the blue-book value, we divide both sides of the equation by 80% (which is equivalent to multiplying by 1/0.8 or 1.25):
Blue-book value = $7000 / 0.8 = $8750
Therefore, we can conclude that the blue-book value of Michelle's car is $8750.
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During which stage in the management of a special project can the project manager make statements such as, "if the staff and budget resources specified are available, the project's estimated completion date is the first of next month."
Answer: Planning stage
Explanation:
The Project Planning Phase is the second stage in the project life cycle and it involves the creation of a set of plans that help in guiding ones team while executing and closing the project. The plans that are created during this stage will help in managing time, quality, cost, change, risk and issues.
At the planning phase, the project plans are documented, project deliverables are defined, and the schedule of the project is created. At this stage, the project manager can make statements like "if the staff and budget resources are available etc
Answer:
Planning stage
Explanation:
Planning stage of project management is the second stage that involves creating a set of executable plan for your project team so that a they have a clear path and direction to follow.
Fizzy is an American firm that manufactures carbonated soft drinks. Fizzy executives want to enter the global market, and they are considering the idea of a joint venture with a beverage company located overseas. After conducting research on different beverage firms, Fizzy executives selected a large beverage manufacturer located in China. Kevin Burns and three other top-level executives at Fizzy have been assigned to the negotiating team. The team has flown to China to negotiate the details of the joint venture. Which of the following best supports Kevin's argument that he should be the primary negotiator?A)Fizzy executives hope to have other business deals with the Chinese firm in the future.B)Fizzy executives want to demonstrate their aggressiveness and present factual appeals.C)Fizzy executives want to ensure compliance with the ringi system at the Chinese firm.D)Fizzy executives are not certain as to who has decision-making authority at the Chinese firm.
Answer:
A. Fizzy executives hope to have other business deals with the Chinese firm in the future.
Explanation:
In the scenario it is observed that the names of the other three top-level executives are not mentioned, this shows the importance of Kevin's role in the company. To a great extent, Kevin could be considered as the head of the team negotiating in China.
It is also possible to establish the fact that the business deal to be negotiated with the Chinese firm is not the only business to be handled by the firm but rather an open door to other business deals with the firm in the future.
Kevin who is the team lead is expected to be the primary negotiator for his role among the top-level executives in Fizzy.
During a recent strike at Morton Manufacturing, management replaced striking assembly workers with office workers. The assembly workers had been paid $19 per hour while the office workers are only paid $12 per hour. What is the most likely effect on the labor variances in the first month of this strike
Answer:
The labour rate variance for the month for Morton would be unfavorable because the actual rate of $19 per hour is greater tha the standard rate of $12.
Also, their might some efficiency variances, if the office workers are more or less skilled than the assembly workers
Explanation:
The labor rate variance would be unfavorable by the the amount paid in excess of the usual standard rate multiplied by the number of hours paid for in the month
The labor rate variance is the difference between the standard labor cost allowed for the actual hours worked and the actual labor cost for the same hour.
labor
Also, their might some efficiency variances, if the office workers are more or less skilled than the assembly workers
Sam Mueller and Geoffrey Robinson enter into a limited partnership in which Sam is the general partner and Geoffrey is the limited partner.They borrow $50,000 to start a business.Keeping all rules of naming their businesses in mind,they start a law firm named Robinson-Mueller Legal Associates.Martin Humphrey joins them after eleven months as a general partner but does not include his surname in the name of the business.If the business fails,which of the following is true?
A)Only Sam, being the sole general partner is liable to the creditor.
B)Martin has unlimited personal liability for not including his surname in the name of the business.
C)Geoffrey is liable as a general partner as he included his surname in the business with full knowledge.
D)All three partners are equally liable to the creditor, irrespective of including their surname in the title of the business.
Answer: D
All three partners are equally liable to the creditor, irrespective of including their surname in the title of the business
Explanation:
Taking a step back, we look into what a partnership is.
PARTNERSHIP:- this is a business which is formed by two or more persons, or group of individual with the sole aim of making profit and growing the business.
The set of business called partnership is also backed by law
It is a legal entity. It can sue and be sued. We also have various types of partner in a partnership business. Which are are follows
Silent partner,
Limited partner,
General partner.
Sam and Geoffrey, both borrowed $50,000 to start up their partnership business, with a goal of making profit and growing the business.
As a result they get their business register and inducted by law.
Although Sam is a general partner while Geoffrey is a limited partner, and as a result have different share when its comes to the profit of the business also with the loss as well.
Sam and Geoffrey both added their surname while registering the business, a new partner named Martin joins the partner business but did not include his surname to the business name.
Now, the business has fallen and at a loss and still owes a debt of $50,000 which was borrowed to start up the business.
The partnership business as a whole will be liable to the creditor, to pay back for the loss.
Sam being a General partner, in the business and Geoffrey being a limited partner in the business and both have their surname in the business, while martin whose surname is not included in the business name and is a general partner of the business.
All have losses towards the business and liable to the creditor, irrespective of their surname included or not in the business name.
The business is a legal entity, as long as you involved then taking part in the loss, when the business falls is inevitable.
Therefore, Sam, Geoffrey and Martin are liable to the creditor irrespective of their surname in the business,
Note;- the loss will be shared with the rate at which they share the business profit as well... A general partner taking the huge brunt of the loss.