Answer:
false
Explanation:
that's because they don't need to use that
Answer:
False
Explanation:
Peachtree Company borrows $30,000 from the local bank at 7% interest. The term of the note is five years, and the annual payments remain constant at $7,317. Determine the interest expense Peachtree Company should record in the second year.
Answer:
Determine the interest expense Peachtree Company should record in the second year. $ 1734.83
Explanation:
Interest = balance x interest %
=24783.28*7%
=1734.83
Due Date" "Payment Interest Principal Balance
30.000,00
1 1/1/20 7.316,72 2.100,00 5.216,72 24.783,28
2 1/1/21 7.316,72 1.734,83 5.581,89 19.201,39
3 1/1/22 7.316,72 1.344,10 5.972,62 13.228,77
4 1/1/23 7.316,72 926,01 6.390,71 6.838,06
5 1/1/24 7.316,72 478,66 6.838,06 0,00
In the United States, nonprofits employ about one in hundred workers, accounting for less paid workers than the entire construction industry and less than the finance, insurance, and real-estate sectors combined.True / False.
Answer:
The correct answer is False.
Explanation:
In the United States there are 1.14 million nonprofit associations and this non-commercial sector represents 8.5% of GDP (against for example 4.2% in France).
These institutions employ 9.3% of the active population, which constitutes a world record. Americans give each year $ 250 billion to these institutions for non-profit purposes, and these donations are tax exempt. Of the amount quoted, approximately 36% goes to the different Churches, 13% goes to education, 8.6% to health, and 5.4% to culture (that is, the latter percentage represents some 13,000 million dollars annually). Cinema-art and the producers of experimental films, cultural foundations, ballet and their dance bodies, publishing houses (especially university), are some examples of non-profit associations in the domain of culture, which year after year They are supported by Americans.
The claim that nonprofits employ about one in a hundred workers is false; in reality, they employ close to 10% of the US workforce, making them a significant part of the economy alongside construction, and the finance, insurance, and real estate sectors.
The statement that nonprofits employ about one in a hundred workers, and account for less paid workers than the entire construction industry and less than the finance, insurance, and real-estate sectors combined is false.
According to the National Center for Charitable Statistics, in 2013 there were approximately 1.4 million nonprofit organizations registered. These nonprofits contribute an estimated $900 billion to the US economy each year and employ almost 10% of the entire US workforce. Considering the scale of employment in the nonprofit sector, it is much larger than the initial one in a hundred workers suggestion. The construction industry and finance, insurance, and real-estate sectors indeed are substantial aspects of the economy, but nonprofits play a significant role as well.
The production-inventory taxonomy is based on _____________ producing standardized products through an assembly line, while ____________ are used to produce non standardized products through a job shop.
Answer:
system producing
intermittent system
Explanation:
The production-inventory taxonomy is based on continuos system producing standardized products through an assembly line, whille intermittent system are used to produce non standardized products through a job shop.
Claremore Company received $7,000 as payment from Tulsa Company for a sale made on account in the previous month. Which of the following is the journal entry the company should record? a. Cash 7,000 Accounts Receivable 7,000 b. Cash 7,000 Fees Earned 7,000 C. Accounts Receivable 7,000 Cash 7,000 d. Accounts Receivable 7,000 Fees Earned 7,000
Answer:
a. Cash 7,000 Accounts Receivable 7,000
Explanation:
As for the information provided, the payment is received for a sales made in last month, and thus entry at the time of sales shall be:
Accounts Receivables A/c Dr. $7,000
To Sales $7,000
Therefore, when the amount is collected today it will increase cash by debiting cash for the same amount.
Further, balance of accounts receivables will be decreased by crediting such account.
Therefore, correct option is
a. Cash 7,000 Accounts Receivable 7,000
Answer:
a. Cash 7,000 Accounts Receivable 7,000
Explanation:
Which of the following statements is false? Select one: a. Competitive advantage is based on some measurement such as cost, quality, or speed. b. Competitive advantage enables a company to function effectively within a market. c. Competitive advantage leads to higher-than-average profits. d. Competitive advantage requires the use of technology. e. Competitive advantage applies to companies of all sizes.
Answer:
The correct answer is option d.
Explanation:
Competitive advantage refers to the situation when a company has some advantage in the production of goods or services over its rivals. It helps the company outperforming its competitors in the market.
It helps the company in providing the same products as its rivals at a lower price, or better products at the same price. As a result, the company earns relatively higher profits. It can be applied to any size of the company and is not restricted to large companies.
Competitive advantage can be based on several factors such as
Cost of the productQuality of the productSpeed of productionThe use of technology is not a necessary condition for a competitive advantage though it can be one of the aspects. A company may enjoy a competitive advantage in the market without possessing superior technology.
The false statement is that a competitive advantage requires the use of technology. Competitive advantage can be achieved through various factors such as unique resources, cost efficiency, absolute advantage, and comparative advantage.
Explanation:The statement that is false among the options is: d. Competitive advantage requires the use of technology. While technology can enhance and contribute to competitive advantage, it is not a pre-existing requirement. Competitive advantage is essentially the ability of a company to outperform its competitors. This could be achieved through various means such as unique resources, cost efficiency, and more.
For instance, a firm might have an absolute advantage in producing a specific product because it takes fewer resources for them to do so. On the other hand, a firm can hold a comparative advantage when it can produce a particular good at a lower cost in terms of other goods. As such, it's not solely determined by the usage of technology.
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Specialization and the division of ______ can increase productivity. Please choose the correct answer from the following choices:
Answer choices
- knowledge
- monetary
- resources
- capital
- labor
Answer:
Specialization and the division of labor can increase productivity.
Explanation:
Specialization is about an invidivual focusing on very specific tasks that are best suited to them according to their skills and knowledge. This concept can be applied to companies and countries, as they specialize on producing a small amount of products they excel at, for having the raw material, knowledge and/or technology to do so.
The division of labor is about breaking down the production process of a good in different parts performed by different people instead of having all workers performing all the tasks. The idea is to let workers be specialists in a small amout of tasks so that they can be more efficient and overall productivity can be greatly increased. This concept was introduced by the 'father of economics' Adam Smith in his book "The Wealth of Nations" released in 1776.
Specialization and division of labor are complementing concepts that bring a company an increase in productivity and helps achieve economies of scale.
George believes that women have difficulty coping with the stress of executive decisions. Sally is promoted into a senior management position and George soon complains that Sally won't be able to cope with this job. George is exhibiting which of the following perceptual errors?
A. Attribution errorB. StereotypingC. Projection biasD. Halo errorE. Recency error
Answer:
The correct answer is B. Stereotyping
Explanation:
The stereotype is a concept, idea or image model that is attributed to people or social groups, often in a preconceived way and without theoretical foundations.
In short, stereotypes are impressions, prejudices and labels created in a generalized and simplified manner by common sense.
With the development of societies, stereotypes were created and standardized various aspects related to human beings and their actions.
In this way, these models or clichés have been repeated over time, which has generated impersonal patterns and preconceived ideas, which in turn have been reproduced by cultures and replicated in the media, such as television, internet and many Sometimes they are used in humorous programs.
George is making a Stereotyping error, where he generalizes all women as unable to handle executive decisions based on stress, which is not fair or accurate.
Explanation:In this scenario, the perceptual error that George is exhibiting is B. Stereotyping. Stereotyping is a type of perceptual error where a person attributes fixed characteristics to individuals based on their membership in a particular group or category. In this case, George is categorizing all women as unable to handle stress related to executive decisions.
This is inaccurate and unfair since individual capabilities can significantly vary regardless of gender. Sally, who has been promoted to a senior management position, might be well capable in handling the associated stress and responsibilities, contrary to George's stereotype.
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The strategic plan is designed by the executive leaders and is designed to:
A. Guide leaders on the steps needed to achieve operational success
B. Determine weekly operational goals
C. Build a portfolio that will support market penetration
D. Identify where the organization is and where it wants to go
Answer:
The correct answer is D. Identify where the organization is and where it wants to go
Explanation:
In an organization we have different types of plan, such as.
Strategic plan outline the mission, vision and high levels goals for the long-term future . This is a global view of the situation.
Operational plan or work plan, are the goals you have to achieve in the near future.
So, from the given options , the right answer is D. Identify where the organization is and where it wants to go
Indicate whether each of the following relationships is usually a direct relationship or an inverse relationship. a. A sports team's winning percentage and attendance at its home games: . b. Higher temperatures and sweater sales: . c. A person's income and how often he or she shops at discount stores: . d. Higher gasoline prices and miles driven in automobiles:
Answer: a. Direct b. Inverse c. Inverse d. Inverse
Explanation: Let's remember what a direct and inverse relationship is.
A direct relationship is when both increases or decreases at the same time. For example in the option a. If the winning percentage of the team goes higher (Increases) you would expect that more (Increases) people goes to see them.
In the other hand, a inverse relationship is when if one increases, the other one decreases l. For example in the option b. If the temperatures go higher (Increases) then you wouldn't expect people wearing or buying sweaters, so the sales of sweaters will go down (Decreases).
You can see it in the same way for the other two options:
c. As the income of a person goes higher(Increases), that person would have the need to go to discount stores so it's visits will be less often (Decreases).
d. As higher (Increases) the prices of gasoline, less gasoline the people can buy and less (Decreases) they can drive.
Direct relationships have variables that move in the same direction while inverse relationships have variables that move in opposite directions. A sports team's winning percentage and game attendance have a direct relationship, while higher temperatures decrease sweater sales, indicating an inverse relationship.
Explanation:When determining the type of relationship between two variables, it's essential to note whether the relationship is direct (positive linear) or inverse (negative linear). Here are the relationships for each scenario:
a. A sports team's winning percentage and attendance at its home games: This is usually a direct relationship. As a team's winning percentage increases, attendance at their home games usually increases as well.b. Higher temperatures and sweater sales: This relationship is typically inverse. As temperatures go up, sweater sales tend to decrease.c. A person's income and how often he or she shops at discount stores: This generally is an inverse relationship. People with higher income levels tend to shop at discount stores less frequently.d. Higher gasoline prices and miles driven in automobiles: This is also typically an inverse relationship. As gasoline prices increase, people often reduce the number of miles they drive to save on fuel costs.Understanding the nature of these relationships helps in making predictions and understanding consumer behavior.
Duverger’s Law states that a) proportional representation systems result in two-party systems. b) one-party systems are the result of white flight. c) single-member district systems result in two-party systems. d) presidential Republicanism results in ticket splitting.
Answer:
c) single-member district systems result in two-party systems.
Explanation:
Duverger’s Law -
This law was given by the french sociologist , Maurice Duverger in 1950s ,
according to law , the single - member districts tends to favor the two - party system , but in the proportional representation and the double ballot majority system tends to favor the multipartism .
Hence , from the statements given in the question , the correct statemnet fro the Duverger's law is ( c ) .
Duverger's Law articulates that single-member district systems often lead to two-party systems. This principle, derived from the observations of French sociologist Maurice Duverger, does not associate with proportional representation, white-flight induced one party systems, or presidential Republicanism triggering ticket splitting.
Explanation:Duverger's Law, named after the French sociologist Maurice Duverger, is a principle that refers to the concept that single-member district systems often result in two-party systems. The theory suggests that there is a systematic relationship between electoral systems and party systems, with single-member district systems creating a propensity towards two dominant parties.
The correct option in the given list is c) single-member district systems result in two-party systems. This principle does not directly relate to the concepts of proportional representation, one-party systems caused by white flight, or presidential Republicanism leading to ticket splitting.
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"Sales and catering system provides an organized system of maintaining detailed information to help salespersons keep track of whom to contact and when to solicit business as well as a means for organizing daily tasks, including personal sales calls and follow-up visits." Based on the given statement, which function of sales and catering systems is referred to?
Answer:
The correct answer would be, Contact Management.
Explanation:
Sales and Catering System is a system which provides a smooth system for booking and sales. This system eliminates the time to stand in line at the function book. The amount of time which was used in preparing the reports, contracts, proposals, layouts, etc, has been drastically reduced with the use of this system.
Now the function of sales and catering system which is mentioned here is called the Contact Management in which the system provides detailed information to the salespersons, to help them keep track of whom to contact and when to solicit business as well as a means for organizing the daily tasks which may include personal sales calls, follow up visits, etc. So this is all Contact Management.
Asymmetric information occurs when A. people engaging in a transaction are uncertain about future events. B. the information available to the people in a transaction is misleading or incomplete. C. everyone has the same information. D. one person in a transaction has more information than the other.
Answer:
D. one person in a transaction has more information than the other.
Explanation:
Asymmetric information
It is also referred to as the information failure , it occurs when one of the party during an economic transaction has more material knowledge than the other party .
For example,
When the seller of the goods and service have more knowledge than the buyer , but the reverse can also be true , i.e. , the buyer having more knowledge .
In most of the economic transaction , the information asymmetries are observed .
Firms that exhibit priceminustaking behavior A. are independently capable of setting price. B. wait for other firms to set price, take it as given, and charge a higher price. C. take pricing behavior in their own hands. D. have outputs that are too small to influence market price and thus take it as given.
Answer:
D. have outputs that are too small to influence market price and thus take it as given.
Explanation:
In perfect competition there are large number of firms and individual contribution is less in industry output , it means that firms have output which are too small to influence the market price ans thus it is as given .
Hence ,
The firms which exhibit price - taking behavior have the output which is too small to be influenced by the market price , and therefore remains as it is .
The correct answer is D, indicating firms with no ability to influence market prices take the market price as given. These firms are price takers and must sell their goods at the prevailing equilibrium market price.
Firms that exhibit price-taking behavior are those that have outputs too small to influence the market price and thus take it as given. In a perfectly competitive market, all firms are price takers, accepting the equilibrium price determined by the overall market forces of supply and demand. Therefore, the correct answer to the student's question is D. have outputs that are too small to influence market price and thus take it as given.
If you are selling a product in a perfectly competitive market and are not happy with the market price, raising the price even by a cent would not be feasible. This action would likely result in losing all your sales to competitors who continue to charge the market-determined price. Hence, a price-taking firm cannot set prices higher than the market-equilibrium price. It must sell its products at the market price or risk losing all potential customers to competitors.
A cosmetics company is conducting a second-year review of one of its newest products. The marketing department expects that the firm will continue to earn profits from the sale of the product in the third year as it did in the past two years. Senior management, however, feels that the profit projections would vary based on other factors such as the price of the competitor's products, the actual level of sales, and the possibility of cost reductions. In other words, the senior management is undertaking _____.
Answer:
sensitivity analysis
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question the senior management is undertaking sensitivity analysis. This is a study of what kind of relationship exists between the inputs and outputs of a system and how much uncertainty exists between them. This is what the senior management is undertaking when determining different factors which might lead to different profit projections.
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David, an Alabama resident, files suit in an Alabama court against QuickAds, an internet company based in Georgia that provides advertising services. QuickAds only contact with persons in Alabama has been through QuickAds passive advertising.
The Alabama court is _______________
a) likely to have jurisdiction over the case.
b) not likely to have jurisdiction over the case.
c) likely to refer the case to a higher district court.
d) likely to refer the case to an appellate court.
Answer:
The correct option is (b)
Explanation:
Jurisdiction refers to to the power granted to a court to hear and act upon a lawsuit. Here, QuickAds is based in Georgia and David, an Alabama resident files suit against the company for advertising outside its territory. In this case, Alabama court cannot have jurisdiction over the case.
QuickAds is a Georgia based company that does not fall under Alabama jurisdiction. Moreover, the company was not engaged in active advertising. It communicated with people in Alabama through passive advertising. So the court cannot hear or act upon the lawsuit.
Can a server be too attentive to their patrons? Explain.
Answer:
Just in case someone needed the first 5 answers :)
These are my own answers and feel free to use and adjust them!
Explanation:
1. Explain the impact that a host or hostess has on a customer's impression of a restaurant.
The hostess or host makes a big impact on the customer's impression of a restaurant because that is the first person you see when you walk into the restaurant and if they’re not properly dressed, have a bad attitude, then it could give the impression that others in the restaurant are the same.
2. Can a server be too attentive to their patrons? Explain.
Yes, if a server is hovering over customers and constantly checking in on them even when they don’t need anything or say very little to the server can make them feel uncomfortable.
3. Why is a drug user more likely to commit employee theft?
The drug user will most likely commit employee theft because he/her needs money to support their addiction and with a range of emotions and unclear thinking because of the drugs, they will do whatever will get them fast cash.
4. Describe the procedural deterrents a restaurant manager might take to prevent being robbed while making a bank deposit.
Managers should vary their times of making trips to the bank and take different routes, which keeps the thieves from establishing a routine or even asks for a police escort to ensure that they are safe and protected.
5. How can a time-delay safe prevent a successful robbery?
In a robbery, time and precision are two of the important things, so a time-delay safe can delay access to the safe’s contents by a certain amount of time and thus the robber's timed plans will be offset by the time-delay safe.
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____________ is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell phones. The domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its' home market.
a. Franchisingb. Foreign direct investmentc. Contract manufacturingd. Exporting
Answer:
The correct answer is Contract Manufacturing.
Explanation:
Contract manufacturing is a business model in which a company approaches a manufacturer with a design and requests a contract to produce a certain number of units at a cost. The cost of the contract manufacturer is based on work, material costs and the difficulty of the process, while the company focuses on design, marketing and sales. In general, the companies they hire will request quotes from several manufacturers per contract in a bidding process before finally choosing one.
Final answer:
Contract manufacturing is the cost-effective strategy used by companies to outsource the production of goods to foreign companies for cheaper costs. It often reduces production costs for firms, allowing increased production and potentially higher domestic employment, despite concerns over local job losses.
Explanation:
Contract manufacturing is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell phones. The domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its home market. The correct answer to the question is 'c. Contract Manufacturing'.
Outsourcing is a strategy where firms in developed countries transfer some of their activities abroad to take advantage of lower labor costs. As a result of multinational corporations seeking out the lowest cost options, they may outsource many of their manufacturing jobs to other countries, impacting job availability in developed nations. This practice generally reduces costs for companies, who then can expand production and potentially increase domestic employment.
For example, American clothing companies have shut down their U.S. factories and relocated to countries like China, due to lower production costs, which is an instance of outsourcing. While outsourcing helps in reducing the production costs and in some cases can increase output and lower consumer prices, there is a concern about its potential to reduce employment in the countries from which jobs are outsourced.
Onyxo Inc., a consumer electronics company, is the leading manufacturer of LCD televisions. LCD technology has been its core competency and the company holds 80 percent shares in that market. However, Onyxo Inc.'s competitors have now moved on to advance technologies like LED and 3-D televisions. According to the dynamic capabilities perspective, what should Onyxo Inc. do?a. Onyxo Inc. should start working on LED and 3-D television technologies to adapt its core competency to suit the external environment.
b. Onyxo Inc. should stick to its existing core competency, that is LCD technology, as it is the best in that segment.
c. Onyxo Inc. should take proactive steps to reduce the causal ambiguity and socially complexity of its core competency.
d. Onyxo Inc. should work on enhancing the mobility of its core competency.
Answer:
The answer is: A) Onyxo Inc. should start working on LED and 3-D television technologies to adapt its core competency to suit the external environment.
Explanation:
If Onyxo doesn´t start working on LED and 3-D television technologies, then its core competency (LCD technology) is soon going to become its core rigidity.
The dynamic capabilities perspective theory assumes that; new market preferences, new technologies, new cultural contexts, more competitive environments, environmental changes, etc., are continually changing and that businesses must adapt to these new situations in order to survive.
The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had been growing for the cereal manufacturer. What will happen to the cereal market after the storm?
a) Demand will decrease.
b) Supply will increase.
c) Demand will increase.
d) Supply will decrease.
Answer:
C
Explanation:
It will need to decrease Because the wheat is gone, so it decreases the amount of cereal made.
Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $134,000 and the total direct labor would be 20,000 hours. Its actual total manufacturing overhead for the year was $ 123,900 and its actual total direct labor was 21,000 hours.
Compute the Company's predetermined over rate for the year?
Answer: $6.70 per direct labor hour
Explanation:
Given that,
Estimated total manufacturing overhead = $134,000
Estimated total direct labor = 20,000 hours
Actual total manufacturing overhead for the year = $ 123,900
Actual total direct labor = 21,000 hours
Predetermined over rate for the year = [tex]\frac{Estimated\ manufacturing\ overhead}{Estimated\ direct\ labor\ hours}[/tex]
= [tex]\frac{134,000}{20,000}[/tex]
= $6.70 per direct labor hour
The predetermined overhead rate for Harris Fabrics is computed by dividing the estimated total manufacturing overhead ($134,000) by the estimated total direct labor hours (20,000), resulting in a rate of $6.70 per direct labor hour.
The student is asking us to compute the predetermined overhead rate for Harris Fabrics. Based on the information provided, the company estimated at the beginning of the year that its total manufacturing overhead would be $134,000 and the total direct labor hours would be 20,000.
To calculate the predetermined overhead rate, we use the formula:
Predetermined Overhead Rate = (Estimated Total Manufacturing Overhead ÷ Estimated Total Direct Labor Hours)
Using the figures provided:
$134,000 ÷ 20,000 hours = $6.70 per direct labor hour
Thus, the predetermined overhead rate for the year is $6.70 per direct labor hour.
A company's current stock price is $84.50 and it is likely to pay a $3.50 dividend next year. Since analysts estimate the company will have a 10 percent growth rate, what is its expected return?
Answer:
Expected return = 14.14%
Explanation:
Using the dividend growth model we have,
[tex]P_0 = \frac{D_1}{K_e - g}[/tex]
Where P0 represents current market price of the share.
D1 = Dividend at year end = $3.50
Expected growth rate = g = 10%
Ke = Expected Return
Now putting values in above, equation or formula we have
[tex]84.50 = \frac{3.50}{K_e - 0.10}[/tex]
[tex]K_e - 0.10 = \frac{3.50}{84.50} = 0.0414[/tex]
Ke = 0.0414 + 0.10 = 0.1414 = 14.14%
Thus, expected return = 14.14%
1. The IS curve plots the relationship between the interest rate and ______ that arises in the market for ______.
a. national income; goods and services
b. the price level; goods and services
c. national income; money
d. the price level; money
Answer:
The correct answer is a. national income; goods and services
Explanation:
This is a relationship that we use in macroeconomics.
The IS curve describes the combinations of two variables , they are interest rate and the level of income, when the market of goods and services is in equilibrium.
So, The IS curve plots the relationship between the interest rate and national income that arises in the market for goods and services
The IS Curve in economics shows the relation between interest rates and national income as determined in the market for goods and services. At any given point on the IS curve, the goods and services market is in equilibrium. The correct answer is 'a. national income; goods and services'.
Explanation:The IS curve in economics plots the relationship between interest rates and national income that arises in the market for goods and services. Therefore, the correct answer to your question is 'a. national income; goods and services'. The 'IS' in IS curve stands for Investment-Savings equilibrium, a concept which helps to analyze the confluence of goods and services market and money market in an economy. At any given point on the IS curve, product or goods and services market is in equilibrium where planned savings equals planned investment, and this occurs at different levels of national income and interest rates.
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Labor market forces affecting organizations right now include the growing need for computer-literate knowledge workers and the necessity for continuous investment in human resources through recruitment, education, and training. True or false?
Answer: True
Explanation: The business nowadays is running fast and the organisations are using latest technologies for their business operations. These technologies could be used only by efficient knowledgeable employees.
Thus, the organisations are constantly demanding employees with proper computer knowledge. Also, the organisations are running on the perception that human resource is the most important resource for them.
Therefore, the education and recruitment of employees is considered as must.
Hence we can conclude that the given statement is true.
Your savings account pays 4 percent per year: Each $100 in the bank grows to $104 over a 1-year period. If prices increase by 3 percent per year, by keeping $100 in the bank for a year you gain $ .
Answer:
$1
Explanation:
Given:
Interest paid per year = 4%
Amount invested = $100
Amount received after the year = $104
Increase in prices = 3%
Therefore,
the price of $100 after one year = $100 + 3% of $100 = $103
now,
The gain = Amount after the interest - The price after the increase
or
The gain = $104 - $103
or
The gain = $1
Cowtown Creamery, Inc., needs a certain part for its pasteurizing equipment to continue its operations and orders one for $3,000 from Dairy Supplies Company. Cowtown tells Dairy Supplies that it must receive the part by Tuesday or it will lose $10,000. Dairy Supplies ships the part late. Cowtown can recover _____________.
(A) $13,000.
(B) $10,000.
(C) $3,000.
(D) $0.
Answer:
(B) $10,000.
Explanation:
As in the given transaction, the customer already told the company that he wants the product by Tuesday or the company has to return the amount.
Afterward, the company is unable to ship the part on time.
So, the Cowtown can recover the amount of $10,000 instead of $13,000 as both parties are under the contract So, no one can escape from their responsibilities
Theory X managers implement a more rigid environment. a. increase diversity. b. strive to cut costs and increase efficiency. c. operate as a community, with employees working in harmony. d. utilize time-motion studies.
Answer:
b. strive to cut costs and increase efficiency.
Explanation:
Theory X managers is pessimistic. They believe people are lazy and unproductive. They will look to implement politics to increase the productivity,.
Oswald Publishing is a monopsonist that just increased its workforce from 100 to 101 employees. It is paying the new employee $17 per hour. All of the other employees were earning $16 per hour, but they were all given raises to $17 to maintain fairness. What is the marginal factor cost?
Answer:
The answer is: Marginal factor cost of labor per hour is $117 for one new worker.
Explanation:
The marginal factor cost of labor per hour can be calculated using the following formula:
change in total factor cost
marginal factor cost = ____________________
change in factor quantity
($17 x 101 workers) - ($16 x 100 workers)
marginal factor cost = _______________________________
101 workers - 100 workers
marginal factor cost = ($1,717 - $1,600) / 1 = $117
Marginal factor cost of labor per hour is $117 for one new worker.
At the upper-management level in an organization
- Human skills are not important
- Technical skills are less important than human skills
- Technical skills are more important than conceptual skills
- Technical skills are not important
Answer: In an upper-management organization technical skills are less important than human skills. Upper-management must have people skills to deal with the influx of people they deal with on a daily basis. The technical skills are more for lower and middle level workers in an organizations. The lower level workers will be the ones with more technical work such as first level managers.
Human resources, for instance, must be able to converse with people that have a wide variety of attitudes. They will need to be ready for people who are angry, crying, etc.
The correct answer is; Technical skills are less than important than human skills.
Answer: Technical skills are less important than human skills is my choice
Explanation:
The five forces model suggests that firms should target the industry with the highest potential for above-average returns and then implement either a cost-leadership strategy or a differentiation strategy.True / False.
Answer:
True
Explanation:
Five force model given by Michael porter is tool to analyse competition in the business. It focuses on five forces that derive competitive intensity in a business. These five forces are
1. Bargaining power of suppliers
2.Threats of new entrant
3.Threats of substitutes
4. Bargaining power of buyers
5. Industry rivalry.
The five forces model suggests that firms should target the industry with the highest potential for above-average returns and then implement either a cost-leadership strategy or a differentiation strategy. This is a True statement.
A brokerage firm which provides analyst reports, investment advice, and information as well as online brokerage services is called a(n): a) premium discount broker. b) full-service broker. c) basic discount broker.d) electronic broker.
Answer:
B.
Explanation:
A stock broker is an individual usually associated with a stock brokerage firm. Their general job role is the selling of stock (share, securities, options) on behalf of a client via a stock exchange.
Stock brokers often, also give financial advice for institutional, commercial or private clients that they work with in order to counsel their clients on where best to spend their money with a view of gaining the highest financial return.
There are two main types of stock brokers:
-Discount brokers.
-Full service brokers.
Are more expensive to hire and often earn a good amount brokerage, fee, commission. They not only facilitate and undertake stock deals between clients and sellers, but they also provide financial advice and stock advice in order to steer buyers in the right direction to assist them with closing the worthwhile deals.