Answer:
The correct answer is c) Geography and infrastructure
Explanation:
Geography and infrastructure are uncontrollable variables that would be the chief concern as Jonas devise his firm's logistics plan; because Jonas must devise a logistics plan for crossing the Andes Mountains daily; and South America's geography, in special the Andes mountains, are the longest continental mountain range in the world. The Andes are compounded by a lot of peaks of mountains and also have the second most elevated highest peak of any mountain range, just superated by the Himalayan peak.
Ford assembles some cars in Mexico because the lower wages the company pays to Mexican workers and the lower prices it pays for auto parts in Mexico reduces Ford's costs. This is an example of Ford reacting to which of the three key economic ideas?
Answer:
The key economic idea is: people respond to economic incentives
Explanation:
This economic idea is about taking advantage of opportunities to better yourself economically as a company.
People and companies could do things for a number of reasons or motives, but they usually do thing because they are good fot them monetarily.
In this case Ford is doing this because of the economic incentive of paying less to their workers and saving that money.
What term is used to describe an experiment run by an ad agency where the ad agency will recruit consumers to come watch a TV series and commercials? The consumer will then answer questions about the ads and the agency uses the responses to determine how well the ads will do in the real world.
Answer:
The correct answer would be, Copy Testing or Pre Testing.
Explanation:
Copy Testing or Pre Testing is a specialized research method of marketing which determines the effectiveness of the marketing plan like advertisement, promotion, etc, by recording the consumer's responses, feedback and behaviors.
So in this question when an ad agency recruit consumers to come watch a TV series and commercials between them, and then ask them questions about those ads, they are basically recording the consumer's response and behaviors and feedback of the consumers about the advertisement they formulated. This means they are practicing Copy Testing or Pre Testing.
A factory has a contract to produce small engines for lawn mowers. In order to find the greatest efficiencies possible
throughout the process, you have conducted a time study. If you invite the workers to participate in analyzing the results
and suggesting improvements, what type of methodology are you using?
Six Sigma
Cellular
Matrix
Winslow
Answer:
Winslow
Explanation:
Frederick Winslow Taylor said that any new improvement idea proposed by a workman, should be cientifically analized and considered. If it becomes superior to current method, must be adopted by the company as the new applicable standard.
This is the core of “Scientific Management” ( 1911 ) proposed by Winslow.
In the other hand, peculiarly, "inviting workers" action, as itself, could be considered an application of Marslow principles:
This move would pursue the three top levels of his pyramid :
Belonging: they are part of the whole
Self-esteem: employees will feel they are respected - and needed- by the organization
Self-actualization: workers will be able to develop their capabilities. So, applying those to the job, will make them know that goals proposed can be achieved
Answer:
six sigma
Explanation:
I took the answer from the other person and got it wrong. The correct answer is six sigma.
Critics of _____ argue that the approach amounts to a mathematical formula to decide how ethical decisions affect individuals.
The team members of the technical team in Wescrult Inc. are working on a crucial project. Their previous manager assigned responsibilities to each of them and directed them on how to accomplish these tasks. Their present manager, Wendy, is now monitoring their tasks and taking corrective measures so that the project can be successfully completed. In this scenario, Wendy is most likely _____.
a. leading
b. controlling
c. organizing
d. planning
Answer: Controlling
Explanation: Controlling is the function of management that sets the standards for the performance, then compares the actual performance with the standards set and take corrective action if there comes any discrepancy.
In the given case, Wendy is monitoring the tasks performed by others and is also taking corrective actions. Thus, we can conclude that wendy is performing controlling function.
Kathy has $50,000 to invest today and would like to determine whether it is realistic for her to achieve her goal of buying a home for $150,000 in 10 years with this investment. What return must she achieve in order to buy her home in 10 years?
Answer:
So she must achieve about 11.61 %
Explanation:
Amount invest by Kathy = $50000
She wanted to buy a home for $150000
Time of investment = 10 years
We have to find the return which she received
Let she receives x return
So according to question [tex]50000\times (1+x)^{10}=150000[/tex]
[tex](1+x)^{10}=3[/tex]
[tex](1+x)=3^{0.1}[/tex]
[tex](1+x)=1.1161[/tex]
[tex]x=0.1161=11.61%[/tex]
So she must achieve about 11.61 %
Variable costs are:
sunk costs.
the change in total cost associated with the production of an additional unit of output.
costs that change every day.
costs that change with the amount of output a firm produces.
Answer:
the change in total cost associated with the production of an additional unit of output.
Explanation:
A variable cost is a cost that changes in relation to variations in an activity. In a business, the "activity" is frequently production volume.
A pendulum with a period of 2.00000 s in one location (g = 9.80 m/s^{2} 2 ) is moved to a new location where the period is now 1.99796 s. What is the acceleration due to gravity at its new location?
Answer:
Acceleration due to gravity at new location will be [tex]g=9.820022m/sec^2[/tex]
Explanation:
We have given time period of pendulum T = 2 sec
Acceleration due to gravity [tex]g=9.8m/sec^2[/tex]
Time period of pendulum is given by [tex]T_1=2\pi \sqrt{\frac{L}{g}}[/tex], here L is length and G is acceleration due to gravity
So [tex]2=2\pi \sqrt{\frac{L}{9.8}}[/tex]------eqn 1
In second case time period is 1.99796 sec
So [tex]1.99196=2\pi \sqrt{\frac{L}{g}}[/tex]--------eqn 2
Now dividing eqn 1 by eqn 2
[tex]\frac{2}{1.99796}=\sqrt{\frac{g}{9.8}}[/tex]
[tex]\sqrt{\frac{g}{9.8}}=1.00102[/tex]
Squaring both side
[tex]\frac{g}{9.8}=1.00204[/tex]
[tex]g=9.820022m/sec^2[/tex]
Which of the following are two features of public goods?
(a) They are provided according to the demands of the market and they are excludable.
(b) They are finite and paid for by individuals.
(c) Their costs are borne collectively and no one can be excluded from their benefits.
(d) They waste taxpayers’ money and provide goods no one wants.
Public goods are characterised by collective cost bearing and non-excludability. Everyone can benefit from public goods and one's use doesn't take away from others' ability to use it.
Explanation:
Public goods have two primary characteristics: '(c) Their costs are borne collectively and no one can be excluded from their benefits'. A public good is a good that is non-excludable and non-rivalrous. This means everyone can benefit from it and one person's use of the good does not diminish the availability for others to use. For instance, a public park is a public good since it's cost is paid by collective citizens (through taxes), and no one can be excluded from enjoying its benefits.
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All oligopoly models share several assumptions. Which of the following is among them?
A. There are few or no barriers to entry.
B. Each of the firms is independent of the actions of the other firms.
C. There are only a few dominant firms in the industry.
D. The firms sell homogeneous products.
Answer: Option C
Explanation: Oligopoly refers to a market structure where a few firms dominate the complete market. The level of investment in such industries is very high so it is not easy to enter or exit these industries.
Automobile is one of many examples of oligopoly structure. There are few big firms in the industry therefore the operations of one affects the operation of others.
Hence from the above we can conclude that the correct option is C.
Leaders should do all of the following to promote ethical policies in their organizations except:
a) be available to help employees and solve ethical problems.
b) be responsible for minimizing opportunities for wrongdoing and for exerting the controls needed to enforce company policies.
c) be role models themselves.
d) be prepared to take the blame for senior members' misconduct.
Answer:
A
Explanation: be available to help employees and solve ethical problems.
Cantaloupe Technologies follows a business model in which the performance of the company is not only based on how much profits were generated, but also on how the community in general benefited from its operations. Thus, the company under its "Plant a Life" campaign promises to plant a tree with every customer purchase. Which of the following terms best describes the performance valuation model of Cantaloupe Technologies?a. Social entrepreneurshipb. Crowdsourcingc. Cannibalizationd. Entrepreneurship
Answer: Social entrepreneurship
Explanation: It is a new concept, usually followed by the startup companies. Under this style of entrepreneurship, the management tries to tackle the environmental issues by bringing up funds or providing any other kind of help.
In the given case, the company promises to plant trees on its every sale. Thus, the company is focusing not only on profits but also the problems that are caused due to over destruction of trees.
Hence from the above we can conclude that the correct option is A.
Answer:
a. Social entrepreneurship
Explanation:
Cantaloupe Technologies follows a business model in which the performance of the company is not only based on how much profits were generated, but also on how the community in general benefited from its operations. Thus, the company under its "Plant a Life" campaign promises to plant a tree with every customer purchase. Therefore, Social Entrepreneurship best describes the performance valuation model of Cantaloupe Technologies.
Globalization: Is the subcontracting of activities to endogenous organizations that had previously been performed within the firm Is the growth of interstate trade, spurred on by the progress toward free-market policies Is the process of social, political, economic, cultural, and technological integration among countries around the world Is the process of a business crossing national and cultural borders
Answer:
The correct answer is: the process of social, political, economic, cultural, and technological integration among countries around the world.
Explanation:
Globalization can be defined as the process of integration of countries worldwide. This integration is in terms of social, political, economic, cultural and technological aspects.
Globalization is often confused as the process of increase in international trade globally. But in fact, it involves a number of aspects other than trade.
It is attributed by an increase in the cross border trade in goods and services, technology, flow of capital, information, and people.
_____ is a key ingredient in the philosophy of marketing; it occurs when people give up something in order to receive something that they would rather have.
Answer: Exchange
Explanation: Exchange refers to the process in which two parties exchange with each other something of value, to satisfy each others wants. It is considered as a key ingredient of marketing.
Exchange can occur either on monetary basis or on non monetary basis.In the monetary exchange one person receives goods and the other receives money.
While in non monetary transactions both the parties receives some commodity from each other.
David paid $975,000 for two beachfront lots in coastal South Carolina, with the intention of building residential homes on each. Two years later, the South Carolina legislature passed the Beachfront Management Act, barring any further development of the coast, including David's lots. When David files a complaint to seek compensation for his property, South Carolina refuses, pointing to a passage in David's own complaint that states "the Beachfront Management Act [was] properly and validly designed to preserve... South Carolina's beaches..." Is South Carolina required to compensate David under the Takings Clause?
Answer:
The correct answer would be, Yes South Carolina would be compensating David as his property is now economically valueless.
Explanation:
Under the taking clause, 'The Beachfront Management Act was properly and validly designed to preserve South Carolina's beaches', which means that no one will be allowed to do any development project near beaches in order to save the beaches.
Though it is already written in the Act, The Beachfront Management Act barred any further development on the coasts of Carolina, which makes the purchased property of David as economically valuless, so South Carolina would be compensating him as the law has passed and they won't allow further development but they need to compensate the people who purchased the property on the beaches for the purpose of future business.
Best Mobile and Turbo Tech Inc. are two competitors in the mobile phone market. The cost incurred by each company to manufacture smartphones is $200 per unit. Although both the companies sell their smartphones at the same price, Turbo Tech has a larger market share in the laptop industry. What does this imply?- Turbo Tech has a cost advantage over Best Mobile.- Best Mobile has a competitive advantage over Turbo Tech.- Turbo Tech has been able to offer more perceived value than Best Mobile.- Best Mobile has created a higher value gap than Turbo Tech.
Answer:
The answer is, Turbo Tech has been able to offer more perceived value than Best Mobile
Explanation:
In marketing, the customers’ perceived value refers to the merits they attach to a service or product due its ability to fulfill their expectations and demands in comparison with other products and services. The perceived utility between two products with similar quality and price may differ and this explains the reason why customers prefer Best Mobile products, especially laptops more than Turbo Tech.
Romano Ware manufactures kitchen utensils. It is headquartered in Jakarta and has an international presence. Its production sites and sales locations are situated in Europe, Asia, and Australia. The organization is highly decentralized, and region or country managers can tailor their strategies to local market conditions and demands. Which of the following approaches is Romano Ware using?
Answer:
Country Focus
Explanation:
Country Focus is dedicated to representing countries on the cutting edge of the world economy. Presented by independent, expert organizations around the globe, this is a series of informational guides to developing and resurgent economies around the world which will provide details in each region related to investment, global trade, travel and much more.
Ms. Chen manages a clothing store. Her boss, the district manager, suggests that she fire competent employees who are old or unattractive because "they aren't good ambassadors for our brand." Ms. Chen tells her boss, "I'm sorry, but I can't do as you ask. If anyone found out that we did this, it would damage the company's reputation. The average shopper wouldn't want to do business with us." Which ethical rule is Ms. Chen applying?a. Moral rights
b. Justice
c. Practical
d. Utilitarian
Ms. Chen applies the practical ethical rule, focusing on the impact of firing employees based on age or attractiveness on the company's reputation and relationships, rather than purely on moral or utilitarian grounds.
Explanation:In the scenario presented, Ms. Chen is applying the practical ethical rule. This rule takes into account the practical consequences of an action for the stakeholders involved. In terms of business ethics, this focuses on the impact that decisions have on the company's reputation and relationships with its customers and employees, rather than purely on moral doctrines or the totality of good produced by an action. Ms. Chen's concern for the potential damage to the company's reputation if it were found to be discriminating against employees based on age or attractiveness underscores the practical considerations of maintaining trust and goodwill among the public.
It is also important to note that, while elements of justice and moral rights are touched upon due to the nature of the discrimination involved, Ms. Chen's argument is based on the practical outcomes for the company rather than on justice for the employees or a utilitarian calculation of happiness or utility. Therefore, option c, the practical rule, is the primary ethical consideration being applied by Ms. Chen in this instance.
Athens Machining had one job in Work in Process Inventory at the beginning of the month: Job 1376. The costs incurred to date on the job included $14.00 per direct labor hour. The total direct labor hours were 160 direct labor hours.
How much manufacturing overhead (MOH) should the manager allocate to Job 1376?
Answer:
The manufacturing overhead (MOH) should the manager allocate to Job 1376 for the month is $2,240.
Explanation:
The manufacturing overhead (MOH) in this is calculated by the multiplication of the cost incurred to date per direct labor hour by the total direct labor hours. This is just how it follows:
$14 per direct labor hour × 160 direct labor hours : $2,240
Cyberlaw consists of:
a) Only state statutes.
b) Traditional legal principles that have changed because of technology.
c) Laws that are written on computers, smartphones, tablets or other technology. d) Only federal statutes
Cyberlaw consists of:
b) Traditional legal principles that have changed because of technology.
Cyberlaw consists of?Cyberlaw is a broad term that encompasses the legal principles that apply to the use of technology, including computers, the internet, and networks.
This includes both traditional legal principles that have been adapted to the digital age, as well as new laws that have been created specifically to address cybercrimes.
For example, the law of contracts is a traditional legal principle that has been adapted to the digital age. In the past, contracts were typically formed by signing a piece of paper.
Therefore, the answer to the question is that cyberlaw consists of traditional legal principles that have changed because of technology.
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According to the assembly equipment manufacturer, The Cycle Shop should be able to make 30 bikes per day. On a normal day, the company makes 23 bikes per day. What is the capacity utilization?
Answer:
What is the capacity utilization? 76,66
Explanation:
The capacity utilization rate measures the proportion of potential economic output that is actually realized. Displayed as a percentage, the capacity utilization level provides insight into the overall slack that is in an economy at a given point in time.
(Actual Output / Potential Output( ) x 100 = Capacity Utilization Rate
(23 / 30 ) x100 = 76,66
A restaurant kitchen contains a wall poster that shows, for each sandwich on the menu, a sketch of the ingredients and how they are arranged to make the sandwich. This is an example of a(n): a) assembly drawing. b) route sheet. c) bill of material. d) work order. e) assembly chart.
Answer:
Either A or E (probably more A)
Hope this helps :)
Which of the following would be most likely to result from destruction of half of the Florida orange crop due to a hard freeze? a. an increase in the price of oranges b. a decrease in the demand for oranges c. an increase in the supply of oranges d. an increase in the quantity of oranges bought and sold
Answer:
The correct answer is option a.
Explanation:
Suppose half of the crop of oranges is destroyed due to hard freeze. This will cause a decrease in the supply of oranges. The supply curve for oranges will shift to the left. This leftward shift in the supply will lead to an increase in price level and a decrease in equilibrium quantity.
A favorable change in weather would have contributed to an increase in supply, causing the price level to fall.
Paige and Parker are writing their values statement for their new consignment shop, Then & Now. Because they want their employees and business to grow and reach goals, Then & Now’s values statement should be positive and inspiring, describing what the organization stands for and its core priorities.
True / False.
The value statement should describe what the organization stands for and its core priorities. Therefore, the correct option is to True.
The value statement are the core principles that are vital in guiding an organization. The values of an organization helps in the creation of a moral compass that will be used in guiding the behaviors of the employees.Also, the value statement depicts the goals of the organization and is vital in ensuring that organizational aims are achieved.In conclusion, the correct option is true.
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Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a weekday. Suppose the executives also know that 200 students are willing to pay $8 for admission on a weekday. The cost of operating the museum on a weekday is $2,000. How much profit will the museum earn if it engages in price discrimination?
$1,200
$2,600
$1,600
$800
Answer:
$800
Explanation:
Price discrimination is a technique used by business owners and business in general that consists on chargin a certain group the maximum they are willing to pay for the product of service, in this case it would be $12 for adults and $8 for students, to know how much they will make we just multiply the cost of the tickets by the tickets bought, and the fmor that withdraw the cost of operation.
[tex]Tickets*Tickets cost=Earnings\\($12*100)+($8*200)=\\(1200)+(1600)=$2800[/tex]
Now we know the museum made $2800 in tickets, we take out the $2000 of the operational cost, and we are left with $800 wich would be the net profit for the museum.
What allows good leaders to be flexible and welcome change without showing signs of resistance? Acting as allows good leaders to be flexible and welcome change without showing signs of resistance.
Good leaders show flexibility and welcome change through various leadership styles including democratic, laissez-faire, and transformational leadership. A democratic leader encourages participation in decision making, a laissez-faire leader allows group members to self-manage and make their own decisions, while a transformational leader inspires followers to exceed personal goals and follow a shared vision.
Explanation:Good leadership often requires flexibility and acceptance of change. This can be demonstrated through a variety of leadership styles including democratic, laissez-faire, and transformational leadership. A democratic leader encourages participation in decision making, chief among them being building consensus. This style is often loved by group members but can lead to slower decision making. An example is a club where members vote for projects or activities to pursue.
A laissez-faire (French for 'leave it alone') leader is another type of good leader who has a hands-off approach. These leaders allow group members to self-manage and make their own decisions. This type can be effective when handling mature and highly motivated participants with clear goals. An art teacher who leaves materials for students to create art as they wish would be an example of this.
The third style is transformational leadership. Transformational leaders inspire followers to exceed their own personal goals and influence them to follow a shared vision. Such leaders evaluate their followers' need for growth, providing developmental opportunities. They are effective during times of crisis offering innovative or radical solutions. Martin Luther King Jr. and Gandhi are examples of such leaders who used their influence to command powerful movements that effected positive change.
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Bub Fizz Inc. manufactures chewing gum. Through marketing research, it was learned that most of its customers use the chewing gum as mouth freshener. Hence, it modified its formula to manufacture gums that have a long-lasting flavor. In this scenario, which of the following was responsible for the change in the product?
a. Green marketing
b. Cause-related marketing
c. Promotion strategy
d. Consumer behavior
Answer:
d. Consumer behavior
Explanation:
Consumer behavior is the process by which the consumer selects, uses and enjoys a product, once you know who is buying your product or services you just have to make sure to gain their fidelity, the company changed the formula of the chewing gum because they learnt how the consumer was using it and what the consumer needed form them, that´s consumer behavior.
Answer:
The correct answer is d. Consumer behavior.
Explanation:
Consumer behavior is a process. It is the study of the processes that intervene when people or groups choose, buy, use or dispose of products, services, ideas or experiences to meet their needs and desires.
Consumer behavior describes two different types of consumer entities:
The personal consumer and the organizational consumer. The personal consumer buys goods and services for their own use, for home use, or as a gift for a third party Variables such as motivation, emotion, learning, information processing, culture and social patterns are involved.The interior decorators, designers, and architects of WorldKraft Design work together in self-managing work groups. This structure is key to the organization’s culture, and it is important that new hires fit in with the work group to which they are assigned. In this case, it would be wise to use _____.
Answer:
team interviews.
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question In this case, it would be wise to use team interviews. By using this technique for interviewing candidates, every section boss can get to know the candidate and decide in which section of the organization they would best fit in.
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Osborn Manufacturing uses a predetermined overhead rate of $18.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $218,400 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company actually incurred $215,000 of manufacturing overhead and 11,500 direct labor-hours during the period. Determine the amount of underapplied and overapplied manufacturing overhead of the repiod.
Answer:
The amount of $5,700 represents under applied overhead.
Explanation:
The computation of the amount of the under applied and over applied manufacturing overhead is shown below:
= Applied overhead - actual overhead
where,
Applied overhead equals to
= Actual level of direct labor hours × overhead rate per direct labor-hour
= 11,500 direct labor hours × $18.20
= $209,300
And, the actual overhead is $215,000
Now put these values to the above formula
So, the answer would be equal to
= $209,300 - $215,000
= - 5,700
So, the negative amount represents under applied overhead of $5,700
The correct statement is that the under applied overheads for Osborn Manufacturing Company is calculates as a negative balance of $5700 at the overhead rate of $18.20.
The calculation of the overhead costs is done by using the formula for under applied overheads and calculating the required values from such given information.
Calculation of manufacturing overheadsThe formula for the calculation of manufacturing overheads whether under applied or over applied can be determined is as below,
[tex]\rm Under-applied\ Overheads= Applied\ Overheads- Actual\ Overheads[/tex]
However, to calculate further the actual overheads can be calculated as below by applying the given values to the formula,
[tex]\rm Applied\ Overheads= Actual\ Level\ of\ Direct\ Labor\ Hours\ x\ Overhead\ Rate\ per\ Direct\ Labor\ hour\\\\\rm Applied\ Overheads= 11500\ x\ 18.20\\\\\rm Applied\ Overheads= \$209300[/tex]
Now applying the values to the formula, we get,
[tex]\rm Under-applied\ Overheads= 209300- 215000\\\\\rm Under-applied\ Overheads= - \$5700[/tex]
So, the under-applied manufacturing overheads are calculated as -$5,700.
Hence, the correct statement is that under applied overheads for Osborn Manufacturing Company is calculated as a negative balance of $5700 at the overhead rate of $18.20.
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You are a producer of cold medicine. Last month, a fire at your factory eliminated 50% of your firm’s production capability. At the same time, your compensation costs increased by 5% because of an increase in healthcare costs. What is the consequence of these events?
Answer:
-The flood shifts the supply to the left.
-The flood does not shift the demand curve.
-The increase in healthcare costs shifts the supply curve to the left.
-The increase in healthcare costs doesn't shift the demand curve.
Explanation:
The decrease in supply will shift supply to the left and increase in supply cost will shift supply left, and demand will not change