Answer:
The answer is: natural barrier
Explanation:
The Caucasus Mountains are a natural barrier since it interferes with travel and trade between country of Georgia and its northern neighbors. Other types of natural trade barriers are different languages and long distances.
The other two types of trade barriers are tariff barriers (taxes, etc.) and non-tariff barriers (e.g. import quotas, embargoes, etc.).
The Caucasus Mountains serve as a geographical barrier that makes trade difficult between Georgia and other former Soviet republics to its north and east. The region's rugged terrain has historically impacted trade routes, political borders, and cultural exchanges.
Explanation:The Caucasus Mountains act as a significant geographical barrier that complicates trade and travel between Georgia and the former Soviet republics located to its north and east. This mountain range encompasses the region between the Black Sea and the Caspian Sea and includes countries such as Armenia, Georgia, and Azerbaijan. It has served as a strategic and cultural crossroads throughout history, but its rugged terrain and significant elevation changes can hinder easy movement and communication.
The Caucasus region, due to its mountainous geography, has often formed a natural barrier much like the historic Iron Curtain, influencing political, social, and economic interactions. Georgia's location in the Caucasus Mountains offered pathways between various empires and facilitated trade and conquest; however, the same terrain now presents challenges for establishing efficient trade routes with neighboring regions.
Overall, the geography of the Caucasus Mountains region has had a profound impact on the historical and contemporary relationships between the countries of the area, including the complexities of trade, politics, and cultural exchange.
You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and junior-level employees tend to gravitate toward you. They come to you for advice and ask for your opinion on important matters, even though you are not their direct supervisor. The president realizes that you are acting as a(n) ________ to junior employees.
Answer:
The president realizes that you are acting as a mentor to junior employees.
Explanation:
Mentors are very experienced people that provide advice to less experienced peers to help them reach their full potential, make wise decisions and advance in their careers. They become role models to others as they have experienced success in their fields.
A good mentor is characterized by their leadership, knowledge and willingness to help others in their professional development. They are able to effectively transmit their expertise and provide feedback to others on how they can improve.
Economic models
A.assume that all factors in the model change at the same time.
B.include every detail found in the real world.
C.are not tested using real-world data.
D.can be used to explain or predict economic phenomena.
Answer:
D.
Explanation:
A economic model can be used to explain or predict economic phenomena, because every model has to have key variables that command the economic decisions and operations.
An economic model is define to get a specific goal, so when some problem comes, you can study every decision based on the model applied, that 'simplifies' solutions, or even better, you must be able to predict when economic problems will arrive.
Economic models are analytical tools that can explain and predict economic phenomena.
Explanation:Economic models are analytical tools used to understand and explain economic phenomena. They do not assume that all factors in the model change at the same time (option A is incorrect). While economic models strive to include relevant details from the real world, they may simplify or omit certain aspects to make analysis more manageable and understandable, so option B is also incorrect. Economic models are tested using real-world data, making option C incorrect. Finally, economic models are valuable tools for explaining and predicting economic phenomena, so option D is correct.
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Suppose that in a day a worker in the United States can produce 10 bushels of corn or 2 shirts. In Russia a worker can produce 9 bushels of corn or 3 shirts in one day. The opportunity cost of a shirt in the United States is ______ bushels of corn.
Answer:
5 bushels of corn
Explanation:
The term opportunity cost refers to the loss from some potential gain when one alternative is chosen while leaving the other opportunities.
In United States, a worker in a day can produce 10 bushels of corn or can produce 2 shirts.
Thus the ratio is
10 bushels of corn : 2 shirts
or 5 bushels of corn : 1 shirts
Therefore the opportunity cost of a shirt in the United States is 5 bushels of corn.
Thus the answer is 5 bushels of corn.
A(n) _____ is the process of examining a need in the market, developing a solution for that need, and determining the entrepreneur's ability to successfully turn the idea into a business.
Explanation:
the answer should be business plan
Financial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y3 20Y2 Net income $448,750 $376,000 Preferred dividends $40,000 $40,000 Average number of common shares outstanding 75,000 shares 60,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places.
Answer:
Earnings per share on common equity
20Y3 = 408,750/75,000 = $5.45
20Y2 = 336,000/60,000 = $5.60
Explanation:
As for the information provided we have,
Each year income as given
20Y3 = $448,750
20Y2 = $376,000
Preference Dividend for each year as given
20Y3 = $40,000
20Y2 = $40,000
Average common stock outstanding shares at each year end
20Y3 = 75,000 shares
20Y2 = 60,000 shares
Therefore, income for equity, for each year
20Y3 = $448,750 - $40,000 = $408,750
20Y2 = $376,000 - $40,000 = $336,000
Thus, Earnings per share on common equity
20Y3 = 408,750/75,000 = $5.45
20Y2 = 336,000/60,000 = $5.60
Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost arising from the physical inputs Marcella required to operate her business. Which is it?a) physical space for the galleryb)wages paid to three part-time employeesc)accountants fees for preparing tax returnsd)costs of purchasing art work to sell in the gallery
Answer:
The correct answer is a) Physical space for the gallery.
Explanation:
Variable costs fluctuate according on the production of goods of a company, while fixed costs stay the same regardless of the production output. Reviewing all the options:
Wages paid to three part-time employees vary depending on the amount of hours they work. Accountant's fees for preparing tax returns vary depending on the time spent preparing the records. The costs of purchasing art work to sell in the gallery vary depending on the amount of art purchased and its value.That leaves us with option A. The physical space for the gallery. Buildings and rent are known to be a Fixed cost for companies because they stay the same regardless of the production output.
These are selected account balances on December 31, 2014.
Land $100,000
Land (held for future use) 150,000
Buildings 800,000
Inventory 200,000
Equipment 450,000
Furniture 100,000
Accumulated Depreciation 300,000
What is the total amount of property, plant, and equipment that will appear on the balance sheet?
Answer:
$1,150,000
Explanation:
Two categories of operatng assets are presented on the balance sheet: Property, plant and equipment; intangible assets.
They are presented at their acquisition cost (historical cost).
The balance sheet uses one line item for property, plant and equipment and presented the details in the notes.
Initially are recorded at acquisition cost or original cost, that include all cost normally necessary to acquire an asset and prepare it for its intended use.
A depreciation is an allocation of the original cost of an asset to the periods benefited by its use.
In this case, he total amount of property, plant, and equipment that will appear on the balance sheet is $1,150,000 because:
Land $100,000 + Buildings 800,000 + Equipment 450,000 + Furniture 100,000 - Accumulated Depreciation 300,000 = $1,150,000.
Match the different parts of the annual report with the appropriate description. 1. Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows. 2. Attests to the fairness of the presentation of the financial statements. 3. Includes a summary of significant accounting policies and explanations of specific items on the financial statements. 4. Is written by the company to help investors understand the results of operations and the financial condition of the company.a. Notes to financial statements b. Report of independent registered public accounting firm c. Management's discussion and analysis of financial condition and results of operations (MD&A) d. Financial statements
The annual report consists of the Financial Statements, Report of Independent Registered Public Accounting Firm, Notes to Financial Statements, and the Management's Discussion and Analysis of Financial Condition and Results of Operations. Each part plays a crucial role in painting a comprehensive picture of a company's financial status and performance.
Explanation:The parts of an annual report can be matched with their respective descriptions as follows:
Financial statements include the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows. The Report of independent registered public accounting firm attests to the fairness of the presentation of the financial statements. Notes to financial statements include a summary of significant accounting policies and explanations of specific items on the financial statements. Management's discussion and analysis of financial condition and results of operations (MD&A) is written by the company to help investors understand the results of operations and the financial condition of the company. Learn more about Annual Report here:
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Final answer:
The financial statements, report of independent registered public accounting firm, notes to financial statements, and MD&A are respective parts of an annual report that collectively provide a detailed view of an organization's financial health.
Explanation:
The different parts of the annual report can be matched with the appropriate description as follows:
Financial statements - Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.Report of independent registered public accounting firm - Attests to the fairness of the presentation of the financial statements.Notes to financial statements - Includes a summary of significant accounting policies and explanations of specific items on the financial statements.Management's discussion and analysis of financial condition and results of operations (MD&A) - Is written by the company to help investors understand the results of operations and the financial condition of the company.Each of these components plays a critical role in conveying the financial health and activities of an organization. The financial statements provide an overview of the organization's financial position, operating results, and cash flows. The audit report provides assurance on the accuracy and fairness of these statements. The notes to the financial statements offer detailed explanations of the accounting policies and additional information that may affect the reader's understanding of the financial conditions. Lastly, the MD&A offers management's perspective on the financial results and future prospects of the company.
Kendra is taking a backpacking trip across Europe. She wants to make sure that the backpack she chooses is the best one for her adventure, so she is spending a considerable amount of time comparing alternatives to make sure she selects the best one. For Kendra, this backpack represents what type of product?
A. convenienceB. unsoughtC. routineD. shoppingE. luxury
Answer:
The correct answer is D. shopping.
Explanation:
She considers a tangible product compared to a consumer whose consumer wants to compare quality, price and maybe style in several stores before making a purchase. Examples of comparative buying goods - at least for most consumers - are fashion clothes, furniture, expensive appliances and cars.
A fast-food restaurant accepts five dollars in cash as payment for three tacos. This is an example of money's role as a:
a. unit of account.
b. unit of coincidental want.
c. medium of exchange.
d. store of value.
Answer:
The correct answer is c. medium of exchange.
Explanation:
Money is a financial asset that serves as an intermediate platform to optimize the exchange of goods and services, avoiding the inaccuracies of bartering, that is, the direct exchange of goods and services. Therefore, for a good to be qualified as money, the following three criteria must be met and that are the three main functions that money fulfills in a modern economic system:
Exchange medium: to avoid the inefficiencies of a barter system. When a good is required for the sole purpose of using it to be exchanged for other things, it owns this property. In addition, money should be a lightweight and easy to store and transport. Unit of account: When the value of a good is frequently used to measure and compare the value of other goods or when its value is used to denominate debts, it is said that the good possesses this property. The unit of account means that it is the unit of measure that is used in an economy to set prices. Conservation of value: When a good is acquired with the objective of preserving commercial value for future exchange, then it is said to be used as a store of value. Money is a store of value but not the only one, any asset that maintains its purchasing power over time will serve as a store of value.____________ technique in business analytics categorizes, characterizes, consolidates, and classify data to convert it into useful information for the purpose of understanding and analyzing business performance.
Answer:
The correct answer is Descriptive.
Explanation:
Descriptive analytics consists of storing and aggregating historical data, visualizing them in a way that can help in understanding the current and past state of the business. Descriptive analytics tells us how our business has worked to date.
Descriptive analytics is based on working on a storage system where all the relevant business data is concentrated. This system can be a medium of Hadoop-style distributed files and derivatives, NoSQL databases, or more traditional SQL systems; All this depending on the amount and complexity of the data to be handled. Technologies that allow the processing of this data, both in batch and online mode, are deployed on this storage layer, so that the aggregations and queries necessary for the analysis can be carried out.
Final answer:
The technique in business analytics for converting data into useful information for analyzing business performance is known as data analysis, including descriptive statistics, EDA, CDA, predictive analytics, and text analytics.
Explanation:
The technique in business analytics that categorizes, characterizes, consolidates, and classify data to convert it into useful information for the purpose of understanding and analyzing business performance is known broadly as data analysis. This encompasses several processes such as descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA). Descriptive statistics help in organizing and summarizing data, EDA is employed for discovering new features in the data, while CDA is used for confirming or falsifying existing hypotheses. Another important facet of data analysis in business analytics is predictive analytics, which uses statistical or structural models for predictive forecasting or classification. Additionally, text analytics is significant for extracting and classifying information from textual sources, showcasing the multifaceted nature of data analysis in providing comprehensive analysis and insights to solve problems, demonstrate relationships, or make recommendations within the business context.
When the supervisor-to-subordinate ratio exceeds manageable span of control, additional Teams, Divisions, Groups, Branches, or Sections can be established. Which NIMS Management characteristic does this describe? A. Comprehensive Resource Management B. Formal Communication C. Modular Organization D. Management by Objectives
Answer:
Modular organization
Explanation:
A modular organizational structure refers to a business that can be separated and recombined to work more efficiently.
The key is to determine which modules or departments of your business are effective and can be outsourced to create a more adjusted organization
Answer:
The correct answer is letter "C": Modular.
Explanation:
The National Incident Management System (NIMS) is the body that handles most of the emergencies in the U.S. The agency has local and state scope. The NIMS management characteristic of modular organization establishes that suggests that the supervisors are responsible for the roles of any non-staffed subordinate positions.
What are the 5 steps in the process for planning and preparing spoken and written messages?
Answer:
1-Determine the purpose and select an appropriate channel; 2-Envision the audience; 3-Organize the message; 4-Prepare a draft; 5-Revise and proofread for desired impact.
Explanation:
First step: Determine the purpose and select an appropriate channel. In this step, we must analyze the purpose of the message we want to transmit. Also if it is necessary to present images or if it is only descriptive information.
Second step: Envision the audience. We have to imagine what kind of audience the message is going to be addressed to.
Step 3: Organize the message. Based on the previous step, we must adapt and organize the message so that it can be understood by the audience we are addressing.
Step 4: Prepare a draft. We must always prepare a draft that allows us to check if the message has the solids and if it fulfills the objective established in the first step.
Fifth step: Revise and proofread for desired impact. After finishing the draft, we must review and correct all the parts that make up our message, to make it clear, understandable and objective.
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Department w had 2400 units, one third completed at the beginning of the period, 14000 units were transferred to department x from department w during the period, 1800 units were one half completed at the end of the period. assume the completion ratios apply to direct materials and conversion costs. what is the equivlaent units of production used to compute unit conversion cost on the cost of production report for departmen w (assume company uses fifo)
a. 14100 units
b. 12000 units
c. 15000 units
d. 11400 units
Answer:
a. 14100 units
Explanation:
Total equivalent units = beginning work in process + completed units + ending work in process
= (2/3×2,400) + (14000 - 2400) + (1/2×1800)
= 1600 + 11600 + 900
= 14100 units
The equivalent units of production for department W, calculated via the FIFO method, sums up to 16500 units. This includes the equivalent units from partially completed beginning and ending inventory, and fully completed transferred units.
Explanation:To determine the equivalent units of production for department W, we use the FIFO method (First-In, First-Out). This method considers the work done on beginning inventory before the current period while calculating equivalent units.
First, calculate the equivalent units for beginning inventory. Since these units were one third completed, their equivalent unit is 2400*(1-1/3) = 1600 units.14000 units were transferred from Department W to Department X, so these are fully completed units and constitutes equivalent units.Finally, 1800 units were half completed at the end of the period, thus their contribution to the equivalent units is 1800*1/2 = 900 units.Adding these components up provides the total number of equivalent units for department W which is 1600 (beginning inventory) + 14000 (transferred) + 900 (ending inventory) = 16500 units.
There appears to be a mistake in the options provided, as none of them match the computed value.
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If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) used in an exponential smoothing forecasting model would tend to be in which of the following ranges?
20 to 80 percent
60 to 120 percent
5 to 10 percent
20 to 50 percent
Answer:
Th answer is: 5 to 10 percent
Explanation:
The smoothing constants determine how fast the weights of the series decays. If you choose a smoothing constant value near one, all the weight will be put on the most recent observations. If you choose a smoothing constant value near zero (e.g. 5-10%) then almost all the weight is put on distant past observations.
In this case, the firm produces an item with a stable demand, that means that it hasn´t changed much in time. So the smoothing constant value should be put on distant past observations.
The organization structure that organizations most commonly adopt to solve control problems that result from producing many different kinds of products for many different market segments is the
a. functional structure.
b. process structure.
c. matrix structure.
d. product structure.
e. differentiated structure.
Answer:
d. product structure.
Explanation:
Product structure is designed for larger companies. In this flowchart, different products are separated into mini-companies while the management remain unique.
The product structure is most commonly used by organizations to solve control problems that are a result of different products for different market segments.
What is a product structure?A product structure may be defined as a structure in which a business organization is divided into several divisions and each division focuses on a specific product. Each division functions as an individual unit.
The organizations that produce different products for different market segments are most likely to adopt a product structure.
Therefore the correct option is d.
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Gerard is a mid-level manager who believes that people do not like to work and try to avoid it. He therefore controls, directs, coerces, and threatens employees to get them to work toward organizational goals. Which of the following theories would best explain Gerard actions?a. Maslow's hierarchy of needs theoryb. McGregor's Theory Yc. McGregor's Theory Xd. Systems Theory
Answer:
The correct answer is c. McGregor's Theory X.
Explanation:
Theory X is defined by Douglas McGregor in his 1960s book "The Human Side of Enterprise" as an authoritarian style of management. In the book, McGregor explains that styles of management are greatly influenced by how the manager views people. Theory X is based on the view that workers are inherently lazy and unmotivated, prefer to be directed, do not like to take responsibility and dislike to work in general. In this style of management, it is assumed that the only way to push employees to work is to provide them with incentives or punishments, according to their performance. Also, authority is centralized on a select few and employees are strictly controlled and supervised.
In this particular case, Gerard fits the Theory X style of management, as he coerces and threatens employees to push them to do their jobs. He has the belief that people don't like to work and avoid it.
Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face of sinkingmarket share, Pluto reduced its dependency on laptops by venturing into tablets and smartphones. This is an example of _____.
Answer:
diversification
Explanation:
According to my research on ,different financial strategies I can say that based on the information provided within the question this is an example of diversification. This is the process of a business separating or varying it's range of products in their operations in order to reduce their risks in a certain market.
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Boltz Manufacturing, a parts supplier to the auto industry, has been using the behavioral approach to management for over 100 years. However, since that method of management is too simplistic for practical use, Boltz should begin implementing the newer and more sophisticated human relations movement approach to management, which is the most contemporary approach to management. True or false?
Answer:
The answer is: False
Explanation:
The "behavioral approach o management" and the "human relations movement" are basically the same thing.
The human relations movement was founded by sociologist Elton Mayo in the 1930s after his famous Hawthorne experiments. He would increase or decrease the light intensity in the factory and observed how it affected productivity.
He discovered that after increasing or decreasing lights the productivity always raised. So what really altered productivity was the fact that employees felt that management cared about them.
Charles is training for a triathlon, a timed race that combines swimming, biking, and running.
Consider the following sentence: Because his pool sessions are helping him swim more quickly, Charles plans to reduce by 1 hour per week the time he spends training on the bike and increase by 1 hour the time he spends in the swimming pool; however, his wife says that he should stop doing any biking and running and spend all 20 hours per week in the pool.
Which basic principle of individual choice does Charles's plan illustrate that his wife's advice does not?
Many decisions are made on the margin.
People usually exploit opportunities to make themselves better off.
Resources are scarce.
All costs are opportunity costs.
Answer: Option (a) is correct.
Explanation:
According to this principle, many of the economics decision are based on the cost incurred and benefit obtained from that decision. It also includes the utility or benefit obtained from an additional unit of consumption or production. In our case, Charles wants to spend an extra hour on swimming because pool sessions are so good that would increase his chances of winning triathlon.
Therefore, Many decisions are made on the margin.
The correct answer is D
Because he is to work on all of them but focus on swimming alil more
It is necessary to retain information for two significant reasons: legal obligation and business needs. Data that occupies the class of ________________ is comprised of records that are required to support operations; the data included might be customer and vendor records.
- regulated
- business
- temporary
- permanent
Answer:
The correct answer is Business.
Explanation:
It is no secret that data analysis can prove to be extremely valuable for companies of all shapes and sizes. Recent research revealed that almost 46% of sellers face great difficulties when trying to access the analysis and compatible data to have an advantage over the competition.
Unfortunately, having access to technologies that are capable of analyzing a large amount of data in a short time is very difficult. Although many companies have the means to record large amounts of data, they are simply unable to analyze and process such information effectively.
Answer:
ok
Explanation:
The least likely factor a business will use to determine a benchmark is
(A) government economic standards.
(B) actual ratios from the prior year.
(C) industry standards.
(D) its business plan.
Answer:
(A) government economic standards.
Explanation:
A business need to use a relative benchmark. government economic standards are important but is not specific to the a particular business
What is the main disadvantage of moving to e-money loading... or moving to a cashless society?
The main disadvantage of a cashless society is it can exclude unbanked individuals, heighten cybersecurity risks, and reduce privacy. These issues can lead to significant social and technical challenges.
Main Disadvantage of Moving to a Cashless Society
The main disadvantage of moving to a cashless society is the potential exclusion of certain populations, particularly the unbanked and underbanked individuals who lack access to digital financial services. Additionally, it increases the risk of cybercrimes and reduces privacy for users.
Exclusion: Moving to a cashless economy can exclude people who do not have access to bank accounts or credit facilities, such as low-income individuals, the elderly, and those living in rural areas.Cybersecurity Risks: Increased dependence on digital transactions makes financial systems more vulnerable to hacking, fraud, and other cyber attacks.Privacy Concerns: Every transaction in a cashless society is trackable, which can lead to privacy issues as personal financial data can be monitored and potentially misused.Technical Issues: Dependence on technology can be problematic during outages or technical failures, causing significant disruptions in daily transactions.
Assume that an economy produces only two goods, pizza and wings. Which of the following are ways to increase the maximum possible number of pizzas produced?
a) Growth in labour force
b) More efficient use of existing production assets
c) Improved wing-making technology
d) Improved pizza-making technology
Answer:
A, B, and D
Explanation:
According to my research on production optimization, I can say that based on the information provided within the question all of the answers provided except for improved wing-making technology would maximize the possible number of pizzas produced. This is because each of these answers provides a method of producing more pizza in the same time frame as before.
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Cause-related marketing activities involve a company strategically engaging in socially responsible activities in order to increase the value of the firm, such as a company donating to a cause every time a consumer purchases its product. These types of marketing activities would most likely be categorized as an organization's _____.
Answer:
strategic initiatives
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question these activities would most likely be categorized as an organizations strategic initiatives. This term refers to the means through which a vision is translated into practice. Which in this situation the vision/goal is to increase the firms value and they are doing this by donating to various causes in an attempt to become more socially accepted.
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Companies engaged in a cost strategy require employees to _____________.a) have a high concern for quantity.b) have a long-term focus.c) be comfortable in an unstable working environment.d) be willing to take risks.e) undertake challenging and non-repetitive work.
Answer:
The correct answer is a) have a high concern for quantity.
Explanation:
Cost leadership is where the company intends to be the lowest cost producer in its industrial sector. The company has a broad picture and serves many segments of the industrial sector, and can still operate in related industrial sectors.
The breadth of the company is often important for its cost advantage. The sources of cost advantages are varied and depend on the structure of the industrial sector. They can include the persecution of economies of scale of own technology, preferential access to raw materials.
A successful cost leadership strategy is disseminated throughout the company, as evidenced by high efficiency, low overhead, limited benefits, waste intolerance, thorough review of budget requests, extensive control elements, rewards linked to cost concentration and extensive employee participation in attempts to control costs.
Some risks of following cost leadership is that competitors could mimic the strategy, decreasing the profits of the industry in general; that technological advances in the industry could make the strategy ineffective or that the interest of the buyers could be diverted towards other characteristics of differentiation besides the price.
At present, the real risk-free rate of interest is 1.9%, while inflation is expected to be 1.4% for the next two years. If a 2-year Treasury note yields 5.7%, what is the maturity-risk premium for this 2-year Treasury note? The maturity-risk premium for the 2-year Treasury note is ____.
Answer:
The maturity-risk premium for the 2-year Treasury note is 2.4%.
Explanation:
The real risk-free rate of interest is 1.9%.
The expected rate of inflation is 1.4%.
The yield from a 2 year Treasury note is 5.7%.
The maturity risk premium for the Treasury note is
= Yield - (Risk free rate - Expected rate of inflation)
= 5.7% - (1.9 + 1.4)%
= 5.7% - 3.3%
= 2.4%
So the correct answer is 2.4%.
A _____ is used to depict the number and percentage of employees of an organization in each job from year to year, with proportions of those who are promoted, demoted, transferred, or who exit the organization.
Answer:
Markov analysis
Explanation:
Markov Analysis is the method which is used to forecast value of a particular variable whose future value is affected by the current position or the state only, not by any activity which led variable to the current position or the state. It forecasts activity of random variable which is based solely upon current circumstances surrounding random variable.
Thus the method which is used to depict number and the percentage of the employees of the organization from one year to another, with the proportions of those employees who are demoted, promoted, transferred, or those who exit organization is Markov analysis as the activity is predicted by the current circumstances.
Once the human resource needs of a firm have been identified, the firm can concentrate on _____________, which is a systematic, planned effort to attract, retain, develop, and motivate employees and managers.
Answer:
Talent Management
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question once the HR needs have been identified the firm can concentrate on Talent Management. Like defined in the question this is an Organization's commitment to recruit, hire, retain, and train the most talented employees that they can find for the job that they need done. As well as motivating them to work at peak performance.
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Talent management is a concerted effort by firms to attract, retain, develop, and motivate their workforce once HR needs are identified. It includes personnel selection, training development, and professionalizing HR functions to reduce bias and improve performance.
Explanation:Once the human resource needs of a firm have been identified, the firm can concentrate on talent management, which is a systemic, planned effort to attract, retain, develop, and motivate employees and managers. This process involves creating systems to identify employees with training and development needs, designing and conducting training programs, assessing their effectiveness, and specializing in retention and hiring practices to optimize the workforce.
Firms invest in human capital to increase productivity, sometimes with in-house training or by sending workers to external training courses. Personnel selection is critical in this phase, often prioritizing the fit of personalities within the company culture while addressing skill gaps through training because while skills can be taught, personality traits are less malleable.
Additionally, it is important to professionalize human resources functions to reduce bias and discrimination in the hiring process, as research has pointed out advantages in larger and more inclusive organizations. By doing so, companies can ensure good performance through appropriate supervision, encouragement, and feedback, leading to higher productivity and better labor market outcomes.
You pay $50 to buy a new pair of shoes. the shoes cost the producer $75 to make. this means that the producer is _____. -losing money -earning a profit -just covering costs
Answer:
losing money
Explanation:
if it cost 75 dollars to make them and they sell for 50 they lost 25 bucks *^*
The correct answer is A. Losing money
Explanation:
The final price of a product in most cases is the cost that implies producing the product plus some profit the producer or seller earns. However, in some cases, the price you pay for and the cost for producing the product is the same which means the seller or products is just covering costs. Besides this, in a few cases you pay less for the product than the cost of the production, this implies the producer is losing money because she or he is not even covering the costs of the product, and due to this there is neither a profit. Thus, in the case presented, the producer is losing money because the costs ($75) are lower than the price for customers ($50).