Answer:
The rise of railroad industry led to the prosperity of cities like Chicago as they became railroad hubs.
Explanation:
The rise in railroad industry made the emergence of industries in the Northeast region. The railroad improved the transport system and made it cheaper to move goods from the point of manufacturing to the market thereby making businesses to flourish. Consequently, Chicago became an attractive destination for establishing businesses which made its population to grow significantly.
Pamela in Bamplona makes bull-repellent scent according to a traditional Spanish recipe, which normally sells at €9 (Euros) per unit. Normal production volume is 10,000 ounces per month. Average cost is €5 per ounce, of which €2 is direct material and €1 is variable conversion cost. This product is seasonal. After July, demand for this product drops to 6,000 ounces monthly. In November, Umberto offers to buy 1,500 ounces for €6,000. If Pamela accepts the order, she must design a special label for Umberto at a cost of €500. Each label will cost 25 cents to make and apply. Pamela should:
A. accept the order, at a gain of €625
B. reject the order, at a loss of €1,875
C. reject the order, at a loss of €2,375
D. accept the order, at a gain of €1,125
E. none of the above
Answer:
C. Pamela should reject the order, at a loss of € 2,375
Explanation:
The average cost of production is 5 euros per ounce. This implies that the production cost of 1500 ounces is: 1,500 * 5 = € 7,500. Apart from that, € 500 would have to be paid for the design of the labels and € 0.25 euros for making them and applying them (0.25 * 1,500 = 375 euros).
If we consider all these amounts we have:
Average cost of production: € 7,500
Cost of designing labels: € 500
Cost of making and applying labels: € 375
TOTAL COSTS = € 8,325
If Pamela decided to sell 1,500 ounces at € 6,000 she would lose: €8,325 -€6,000 = €2,325
Then, she shoud reject the offer.
After calculating the incremental costs and revenue, Pamela should accept the order from Umberto, which will result in a gain of €625.
Explanation:To decide whether Pamela should accept or reject Umberto's offer, we must calculate the incremental cost of the order, the incremental revenue, and compare the two to determine the incremental profit.
The special label design cost is a fixed cost and amounts to €500. The label production and application cost per unit is €0.25, thus for 1,500 units, the total cost would be 1,500 * €0.25 = €375. Therefore, the total label cost is €500 (fixed) + €375 (variable) = €875.
The variable cost for producing the bull-repellent scent is €3 per ounce (€2 for materials and €1 for conversion). For 1,500 ounces, the total variable cost is 1,500 * €3 = €4,500. Adding the label costs, the total cost for the order is €4,500 + €875 = €5,375.
Umberto offers to buy the 1,500 ounces for €6,000. The incremental profit is then calculated by subtracting the total cost from the revenue, which is €6,000 - €5,375 = €625. Therefore, Pamela should accept the order, as it will result in a gain of €625.
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You purchased 1,000 shares of the New Fund at a price of $20 per share at the beginning of the year. You paid a front-end load of 4%. The securities in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 1.2%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
6.37%
Explanation:
Rate of return
= (Aggregate investment value after one year - Investment value) / investment value ----- equation 1
Cost of shares =number of shares* price per share
= 1000* $20 =$20,000
Total amount invested = Purchasing cost /(1- front-end load)
= $20,000 / (1-0.04)
=$20,000 / 0.96 = $20,833.333
Investment value after one year
= Total Investment*( 1+ price increase-expense ratio)
= $20,000( 1 +0.12 -0.012)
= $20,000(1.12-0.012) = $20,000 * 1.108 = $22,160
From equation 1 above
Rate of return = ($22,160 - $ 20,833.333) / $20,833.333
$ 1,326.667 / $ 20,833.333
= 0.06368001701
= 0.0637
Since rates of return are expressed as %, we multiply the result by 100 to get
0.0637*100 =6.37%
My rate of return on the fund will be 6.37% if I sell the shares at the end of the year.
After accounting for the front-end load and expense ratio, the rate of return for the New Fund investment comes out to be approximately 10.69%.
Explanation:Initially, you purchased 1,000 shares of the New Fund at $20 per share, costing you $20,000. The front-end load was 4%, meaning you paid an upfront fee of $800 (0.04 * $20,000), which effectively reduces your investment to $19,200 ($20,000 - $800).
The value of the securities in which the fund invests increased by 12% during the year, raising your investment value to $21,504 ($19,200 * 1.12).
However, the fund also charges an expense ratio of 1.2%, which is a fee taken from your investment value. This amounts to $258.05 ($21,504 * 0.012), leaving you with an ending balance of $21,245.95 ($21,504 - $258.05).
To calculate your rate of return, you subtract the initial investment from the ending balance, divide by the initial investment, and multiply by 100 to get a percentage. This gives you a rate of return of roughly 10.69% [($21,245.95 - $19,200) / $19,200 * 100]. This is your final return, taking into consideration the front-end load and expense ratio.
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William McChesney Martin, who was Federal Reserve chairman from 1951 to 1970, was once quoted as saying, "The role of the Federal Reserve is to remove the punchbowl just as the party gets going." When he said "to remove the punchbowl," he meant to engage in (contractionary/expansionary) policy.In terms of the economy, "just as the party gets going" refers to a situation in which a real GDP (great than/less than) potential GDP, which will result in (increase in/decrease in) the inflation rate.
Answer:
The answers are:
contractionary policy,
real GDP is greater than potential GDP,
increase in the inflation rate.
Explanation:
In order to understand this phrase we must first understand the meaning of several words or concepts.
Contractionary policy: monetary policy consisting in reducing the rate of monetary expansion by Federal Reserve (or in other countries the Central Bank). It is used to reduce inflation. Nominal GDP: total value of final goods and services produced in a country.Real GDP: the nominal GDP adjusted to inflation.Potential GDP: total amount of goods and services an economy would have been able to produce if it had been able to employ all of its available resources. Inflation: the rate at which the average price of products and services is rising. If this rate rises continuously then a unit of money will buy less products than before.So one of the primary roles of the FED is to engage in contractionary policy (to try to reduce inflation) if the real GDP is greater than potential GDP (due to inflation), which will result in a further increase in the inflation rate.
The Laffer curve relates _____________________
a) the tax rate to the deadweight loss of the tax.
b) the price elasticity of supply to the deadweight loss of the tax.
c) the tax rate to tax revenue raised by the tax.
d) government welfare payments to the birth rate.
Answer:
c) the tax rate to tax revenue raised by the tax.
Explanation:
The Laffer curve shows the correlation between the tax rate and the revenue that the government that is imposing those taxes is generating, it was first proposed by Arthur Laffer and it tried to explain the best point where maximum tax rate would mean maximun tax revenue, and search for that spot where the revenue would be maximized by the tax rate.
The Laffer curve relates the tax rate to tax revenue raised by the government. It proposes an optimal tax rate at which tax revenue would be maximized. However, it's a theoretical model, and actual scenarios may differ due to various factors.
Explanation:The Laffer curve is a graphic representation used in economics. Named after economist Arthur Laffer, it illustrates the theoretical relationship between tax rates and tax revenue raised by the government. The option that rightly fits in the blank in your question is: The Laffer curve relates the tax rate to tax revenue raised by the tax.
This curve suggests that at a tax rate of 0% and a tax rate of 100%, government earns zero revenue. The reason is simple: at a 0% rate, people pay no tax, so revenue is zero. At a 100% rate, people have no incentive to work because all their income would go to the government, hence also zero revenue. Therefore, the curve shows an optimal tax rate where tax revenue would be maximized.
It's important to note that the curve is a theoretical construct and the actual optimal tax rate might differ in real-world scenarios due to a variety of economic and socio-political factors.
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Suppose that some teachers have decided that economic and financial uncertainty have made the prospect of retiring more risky, and therefore carry a higher cost than not retiring. By using all available information as they act to achieve their goals, these teachers are exemplifying the economic idea that _______
Answer:
The correct answer is: "People are rational".
Explanation:
Economics is the study of people's rational options when faced with scarcity and uncertainty, and that happens to all of us. The problem is that people are hardly rational, because our nature often acts against our economic interests.
Not long ago and until today, the work is done during the day, that is, Monday through Friday; A reality for most people. However, much of the economic activity, both ours and the entire world, operates 24/7. Today, millions of workers have unpredictable schedules. This is especially common in jobs related to services and retail sales. For example, many chain stores use personnel algorithms with traffic and apparently this makes sense, but shareholders always expect efficient efforts to maximize profits. If not, however difficult it is, particularly for workers, to get another job.
Pat is concerned about better knowing the cultural tendencies of her business partners and competitors in Europe and Asia. Pat would be interested in knowing this information because according to the GLOBE project, this can give her a strategic competitive advantage.
Answer: Knowing cultural tenders of th partners and competitors gives you a competitive advantage .
Explanation: Pat’s concern about better knowing the cultural tendencies of her business partners and competitors in Europe and Asia. To be successful, you need to be able to articulate the benefit you provide to your target market that's better than the competition. That's your competitive advantage. You must reinforce that message in every communication to your customers. That includes advertising, public relations, and sales aids.A competitive advantage means you need to offer some things your competitors don't. Therefore, you need to know what it is your competitors do well, and do not do well. Think about your competitors' products, services, prices, location, and marketing.Knowing about your competitors will help you to communicate with your target audience, distinguish your business from competitors, improve your processes, and navigate challenges in your market.
DeShawn's Detailing is a service that details cars at the customers' homes or places of work. DeShawn's cost for a basic detailing package is $40, and he charges $75 for this service. For a total price of $90, DeShawn will also detail the car's engine, a service that adds an additional $20 to the total cost of the package. Should DeShawn continue to offer the engine detailing service?
Answer:
DeShawn not take offer engine detailing service
Explanation:
given data
cost = $40
charges = $75
total price = $90
additional charges = $20
to find out
Should DeShawn continue offer
solution
we know here De shawn marginal benefit is
marginal benefit = total price - charges
marginal benefit = 90 - 75
marginal benefit = $15
and
we have given additional charges is $20
so
we see marginal cost here less than the marginal revenue
so DeShawn not take offer engine detailing service
Final answer:
DeShawn should consider continuing the engine detailing service as it adds an additional $30 profit per service, though he should evaluate if the extra time and effort are worth the profit, especially compared to the $35 profit from the basic package.
Explanation:
Whether or not DeShawn should continue to offer engine detailing service depends on the costs versus the revenue generated from that service. DeShawn's basic detailing package costs him $40 and he charges $75 for it. The engine detailing adds $20 to the total cost, making it $60, but allows DeShawn to charge a total of $90 for the service. This results in a profit of $30 for the engine detailing service alone ($90 total charge - $60 total cost), which is less than the $35 profit he makes from the basic package alone (without the engine detailing).
Since DeShawn still makes a profit from the engine detailing service, it could be argued that he should continue to offer this service, especially if it attracts more customers or encourages repeat business. However, if this service takes significantly more time or effort, the benefit might not be worth the extra profit, especially if it hinders his ability to complete multiple basic detailing jobs in the same amount of time.
Assume that $1 million is deposited into a bank with a reserve requirement of 15 percent. The value of the money multiplier is 6.67.
What is the maximum change in money supply as a result of this deposit? (Round your answer to two decimal places.)
Answer:
maximum change in money supply is $6.67 million
Explanation:
given data
deposit = $1 million
reserve requirement = 15%
money multiplier = 6.67
to find out
maximum change in money supply
solution
we know here money multiplier is given = 6.67
so maximum change in money will be
maximum change = deposit × money multiplier
put here value
maximum change = $1 million × 6.67
maximum change = $6.67 million
so maximum change in money supply is $6.67 million
Within the context of quality control, the primary purpose of continuing professional education (CPE) and training activities is to provide a CPA firm with reasonable assurance that personnel within the firm haveA. Technical training that ensures proficiency as an auditor
B. Professional education that is required to perform with due professional care
C. The ability to fulfill assigned responsibilities and the qualifications for advancement
D. Knowledge required to perform a peer reivew
Answer:
The correct answer is c) The ability to fulfill assigned responsibilities and the qualifications for advancement
Explanation:
The company should select procedures to achieve consistent assurance that workers at all levels cooperate in general and industry-specific CPE and other professional activities that empower them to fulfill responsibilities assigned and the qualifications for advancement.
In order for Hope Springs to effectively sell its bottled water, the company needs to be effective at ________, which is the practice of building ties to customers through a salesperson's attention and commitment to customer needs over time
Answer: Relationship selling
Explanation: In simple words, it refers to the strategy in which the seller focus on the communication and interaction between the buyer and seller rather than the product price and qualities.
It is done with the objective of gaining customer loyalty and making the customer base strong and rigid. It is implemented on existing markets and not on the potential customer base.
Hence from the above we can conclude that the correct answer is relationship selling.
If production displays diseconomies of scale, the long-run average cost curve is
A. above the short-run average toal cost curve.
B. above the long-run marginal cost curve.
C. upward sloping.
D. downward sloping.
Answer:
C. upward sloping.
Explanation:
Diseconomies of scale is what is called in micro-economics the cost of producing or increasing the production of a certain product, or increasing the offer on a certain service by a business, if this is happening it occurs a upward slopin in the average cost curve, since the cost of production is increasing as more products and services are offered.
A corporation purchased manufacturing equipment for $100,000, with an estimated useful life of 10 years and a salvage value of $15,000. The second year’s depreciation for this equipment using the straight line method is _____.
Answer:
The second year’s depreciation for this equipment using the straight line method is 8,500
Explanation:
Depreciation: Depreciation is a decreasing value of the assets due to the tear & wear, obsolescence, usage,etc.
The formula to compute the depreciation under straight lie method is shown below:
= [tex]\dfrac{(original\ cost - salvage\ value)}{useful\ life}[/tex]
= [tex]= \dfrac{(\$100,000 - \$15,000)}{10}[/tex]
= $8,500
The depreciation amount under straight line method should remain same over the estimated useful life
So, the second year’s depreciation for this equipment is $8,500
Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the month following sale, and 20% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are:
August budgeted sales $250,000
September budgeted sales $350,000
October budgeted sales $390,000
November budgeted sales $230,000
The amount of cash that will be collected in November is budgeted to be
I. $218,500
II. $138,000
III. $272,500
IV. $338,500
V. None of the above
Answer: Option (v) is correct
Explanation:
Given that,
Natcher Corporation collects,
35% of a month's sales in the month of sale
40% in the month following sale
20% in the second month following sale
5% of their sales are noncollectable
Budgeted sales are:
August budgeted sales = $250,000
September budgeted sales = $350,000
October budgeted sales = $390,000
November budgeted sales = $230,000
Amount of cash collected in November is budgeted:
= 35% of November sale + 40% of October sale + 20% of September sale
= 35% of $230,000 + 40% of $390,000 + 20% of $350,000
= $80,500 + $156,000 + $70,000
= $306,500
Your company has a cost differentiation strategy regarding its products. There are several new entrants into your saturated market that make the margins so slim on the product line you manage that profits are almost​ non-existent. What should you recommend to​ management?
Answer:
I recommend to change to an hybrid strategy
Explanation:
If you have almost nonexistent profits you have to change the strategy.
Nowadays customers expect to get everything at once: differentiated, high-quality products combined with excellent service at a low price. Customer expectations require companies to adopt a multidimensional strategic approach. Hybrid strategy integrate cost and differentiation advantages, so this could be a way to respond to these changes. Modern production technologies and organizational structures helps to achieve both high quality and productivity at the same time.
Some of the benefits of this strategy are,
Can increase market share because of the differentiationProduct innovation Increase of profits ( you can offer your product at a higher price)Answer:
Under Armour Sneaker
A saturated market means that a product has reached its peak in sales volume and that it can no longer grow and will start a decrease in sales, sneakers under armour has reached its peak in sales and will start to decrease in sales because of the fierce competition that is facing and has been unable to change its marketing strategy.
Explanation:
The Boldovian government took Sea Lion Inc., a domestic, private shipbuilding firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the shipbuilding industry were raged at this decision of the government. As a result, the government had to reduce the tax burden on all other private shipbuilding firms so that both the state-owned enterprise and private firms could co-exist. According to this information, Boldovia has most likely adopted a _____ economy.
A. mixed
B. market-based
C. command
D. laissez-faire
E. communist
Answer:
A. mixed
Explanation:
It is a mixed economy because it combines state-owned business with private business in the same sector to compete between each other, and it also combined with a market-based policy such as tax cuts on the private ones. So it keeps the market while having a state-owned business competing in it. It is a classic mixed economy.
Answer:
The correct answer is A. Mixed.
Explanation:
The mixed economy refers to an economic model that uses the market to allocate resources, but in which the State intervenes to regulate its operation, incorporates elements of the free market economy and the planned economy, or a proposal in which the private ownership of capitalism and the collective ownership of socialism coexist (in general, and not exclusively, in a state or public way) in order to include broader social considerations in an economic system, for example, ethics, social justice, social welfare, sustainable management of the environment, etc. It is the economic model defended by the social democratic currents, being its most obvious example, the Scandinavian countries, such as Norway, Sweden or Denmark. On the other hand, the term is not exempt from debate, nor is there a commonly accepted strict definition, either in English or Spanish.
The Sarbanes-Oxley Act of 2002 (SOX) imposes stricter requirements over financial reporting and internal controls and stricter consequences for those who engage in financial statement misconduct and other white-collar crimes. True or False
Answer:
True or False. TRUE
Explanation:
The law "Sarbanes-Oxley Law" aims to generate a framework of transparency for the activities and financial reports of publicly traded companies, and give greater certainty and confidence to investors.
"Scarcity, opportunity cost, and marginal analysis Neha is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Each hour she spends swimming is an hour that she can't spend biking or running. Which basic principle of individual choice does this sentence best illustrate?1)Neha has an incentive to spend more time on swimming than on biking or running.2)People usually exploit opportunities to make themselves better off.3)All choices have opportunity costs.4)Neha can use time most efficiently by spending the same amounts of time on swimming, biking, and running."
The sentence exemplifies the opportunity cost principle, highlighting that time spent on one activity results in the loss of potential benefits from alternative activities.
Explanation:The sentence 'Each hour she spends swimming is an hour that she can't spend biking or running' best illustrates the opportunity cost principle of individual choice. This reflects the fact that due to scarcity, Neha must make a choice between competing activities, each with their own potential benefits. Therefore, the time dedicated to one activity cannot be spent on another, which is the fundamental nature of opportunity cost. This concept is crucial in economics and reflects the reality that people must always consider the next best alternative that they give up when making a decision.
In recent years the cost of producing organic produce in the United States has decreased largely due technological advancement. At the same time, more and more Americans prefer organic produce over conventional produce. Which of the following best explains the effect of these events in the organic produce market?
A) Both the supply and demand curve have shifted to the right. As a result there has been an increasein both the equilibrium price and the equilibrium quantity B)The supply has shifted to the left and the demand curve has shifted to the right. As a result, there has been an increase in the equilibrium quantity and an uncertain effect on equilibrium price C) The supply curve has shifted to the left and the demand curve has shifted to the right. As a result there has been an increase in the equilibrium price and anuncertain effect on equilibrium qunatity D) Both the supply and demand curves have shifted to the right. As a result there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price
Answer:
The correct answer is option D.
Explanation:
Suppose technological advancement has helped in decreasing the cost of producing organic produce. This means that the farmers can now produce more at the same cost. As a result, the supply of organic produce will increase. This will cause a rightward shift in the supply curve.
At the same time, the demand for organic produce has increased. This will lead to a rightward shift in the demand curve.
The rightward shift in both demand and supply curve will lead to an increase in the equilibrium quantity. The change in the price level depends on the extent of the change in demand and supply.
In the organic produce market, technological advancements and an increase in organic preference have both shifted the supply and demand curves to the right, resulting in a higher equilibrium quantity, but leaving the effect on equilibrium price uncertain. Prices may not fall significantly unless the supply increases more than the demand.
The situation described involves both an increase in the number of farmers converting to organic farming, shifting the supply curve to the right, and a rising preference among Americans for organic produce, shifting the demand curve to the right. The correct effect of these events in the organic produce market is most likely an increase in the equilibrium quantity and an uncertain effect on the equilibrium price. This uncertainty stems from the fact that the price will only decrease if the increase in supply is more significant than the increase in demand. While technology has reduced some costs, organic farming remains expensive due to higher costs for organic fertilizers and pest management.
Over time, as the number of farmers grows and technology progresses, we may see further shifts in supply. However, the extent to which this will affect prices is not yet clear since organic produce may continue to be more costly than non-organic produce. The overall impact on market equilibrium price and quantity will depend on the relative magnitudes of shifts in supply and demand for organic produce.
Olivia bakes cakes and Andrew grows corn. Olivia and Andrew both like to eat cake and eat corn. In which of the following cases is it impossible for both Olivia and Andrew to benefit from trade?
a. Olivia cannot grow corn and Andrew cannot bake cakes.
b. Olivia is better than Andrew at baking cakes and Andrew is better than Olivia at growing corn.
c. Olivia is better than Andrew at baking cakes and at growing corn.
d. Both Olivia and Andrew can benefit from trade in all of the above cases.
Answer:
Both Olivia and Andrew can benefit from trade in all of the above cases.
Explanation:
Both Olivia and Andrew can benefit from trade in all of the above cases.
All given scenarios a, b, and c allow for mutually beneficial trade between Olivia and Andrew when applying the principles of comparative advantage and opportunity cost. Therefore, it is always possible for both parties to gain from trade. Option d is correct.
The question revolves around the concept of trade and comparative advantage between two individuals with different production abilities. The scenario presents Olivia who bakes cakes and Andrew who grows corn. They are both interested in consuming what the other produces. Looking at the options:
Option a suggests a situation where each individual cannot produce the other's product, which is a perfect situation for trade as they each have a unique product to offer.Option b demonstrates comparative advantage, where each party is most efficient at producing a particular good and will benefit from trade by specializing in their respective areas of expertise.Option c indicates that one party, Olivia, is better at producing both goods. However, the principle of comparative advantage may still allow for beneficial trade if Olivia's opportunity cost of producing both goods is considered. She may have a lower opportunity cost for one of the products.Option d implies that trade is always beneficial, which aligns with economic theories that suggest voluntary trade is mutually beneficial assuming that parties trade based on their opportunity costs.Therefore, the correct answer is Option d: Both Olivia and Andrew can benefit from trade in all of the above cases, provided they trade according to their comparative advantage.
Bill and nine of his friends each contributed $10,000 to form a real investment group. The group then purchased a small retail center for $350,000 using an interest-only loan for $250,000 at 10% annual interest. At the end of one year, the building was sold for $410,000. What is the rate of return on Bill's investment?
Answer:
Rate of return = 9.33%
Explanation:
As for the provided information, we have:
Bill and his nine friends invested $10,000 each = $10,000 (Bill + 9 ) = $10,000 [tex]\times[/tex] 10 = $100,000
Extra loan taken = $250,000
Interest on such for the year = $250,000 [tex]\times[/tex] 10% = $25,000
Interest expense for each individual = $25,000/10 = $2,500
Share of loan for each person = $250,000/10 = $25,000
Total cost of retail center to each person = $10,000 + $25,000 + $2,500
= $37,500
Return on investment = $410,000
Return share of each individual = $410,000/10 = $41,000
Net return to each individual = Return - Cost = $41,000 - $37,500 = $3,500
Net rate of return = [tex]\frac{3,500}{37,500} \times 100 = 9.33[/tex]
A U.S. firm has borrowed £50 million from a British firm. The borrower will need to convert dollars to pounds to repay the loan when it is due. The U.S. firm could hedge the exchange rate risk by A.buying pounds forward.B. selling pounds forward.C. borrowing pounds.D. both B and C would hedge the risk E. both A and C would hedge the risk
The answer is D. both B and C would hedge the risk
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because he possesses these technical skills, Edgar can be considered a(n) ________ worker.
Answer:
The correct answer would be, Knowledge Worker. Edgar can be considered a Knowledge Worker.
Explanation:
A knowledge worker is a person who is skilled in handling and using the information.
So because Edgar is a Chef in a restaurant and he is also the kitchen manager, It shows his expertise in both culinary and restaurant management fields. He is expert in Cooking as a chef, and is well skilled in managing the kitchen as well. He is technically equipped with management skills in restaurant field. So Edgar is considered a Knowledge Worker.
Final answer:
Edgar is a chef and kitchen manager with considerable expertise in culinary arts and restaurant management, qualifying him as a skilled worker knowledgeable in food science and capable of both meal preparation and kitchen operation management.
Explanation:
Edgar, being a chef and the kitchen manager with extensive knowledge in culinary arts and restaurant management, can be considered a skilled worker. Expert chefs have knowledge of food science, nutrition, and diet, and are tasked with creating meals that are visually appealing and delicious. Moreover, in a restaurant setting, various roles such as sous chefs, kitchen help, servers, and managers split the tasks of serving meals. As a kitchen manager, Edgar not only has to be skilled in preparing food but also in managing the smooth operation of the kitchen, which involves business management skills like handling finances and personnel.
The study of how limited resources are allocated to satisfy unlimited wants. B. the study of how unlimited resources are allocated to satisfy limited wants. C. the study of how the stock market works. D. the study of money.
Answer:
The correct answer is The study of how limited resources are allocated to satisfy unlimited wants.
Explanation:
Economics is a social science that studies how to manage the resources available to meet human needs. In addition, it also studies the behavior and actions of human beings.
Since the resources of the planet are scarce and unfortunately, not all of us can dispose of everything, we are forced to manage those goods to get what we need. Economic science involves the decision making of individuals, organizations and states to allocate these scarce resources.
The economy also focuses on the behavior of individuals, their interaction with certain events and the effect they produce on their environment. For example, the effect they produce on prices, production, wealth or consumption, among others. It is a social science because it studies human activity and behavior, which is a highly dynamic object of study. Humans are unpredictable.
A General Electric employee was fired after he reported allegations of Foreign Corrupt Practices Act violations in Iraq to his supervisor and GE Energy's ombudsperson. This can be the unfortunate outcome when one becomes a
a whistle-blower.
b capitalist.
c scab.
d corporate spy.
e stakeholder.
Answer:
The correct answer is a. whistle-blower.
Explanation:
A complainant is any person who raises a concern about an alleged crime or crime that is present in an organization, a company, or any group of people. In most cases, a complainant is a person who is somehow a part of the body that is being accused or disclosed. The alleged conduct that was brought to light can be classified in several ways, as a rule a violation of a specific law, rule, regulation, or a direct threat to the greater public interest (such as health / safety violations, fraud , or corruption) is the main reason that an individual take part in reporting irregularities.
_______ utility is the benefit marketing provides by transforming raw materials into finished products, as when a dress manufacturer combines silk, thread, and a zipper to create a bridesmaid's gown.
Answer: Form utility
Explanation: Form utility refers to the enhancement in the value of a commodity done by altering the product in one way or another. Form utility means making a product more usable for the consumers by modifying its physical appearance. Changing the wood into furniture is one of many examples of form utility.
Hence, from the above we can conclude that the right answer to this question is form utility.
Jenny’s Sweets’s Accounts Payable balance on the April 30th trial balance is $27,000. On May 30th Jenny paid invoices totaling $10,000 and invoiced customers for a total of $8,000. What is the balance of Jenny’s accounts payable account on their May 31st trial balance?
Answer: $17,000
Explanation:
Accounts Payable is a type of liability that reflects the amount that the company owes to suppliers and creditors for services already rendered. These services have already occurred and were thus done on credit.
Jenny paid $10,000 of this balance out, which decreases this overall balance:
27 000 - 10 000 = $ 17, 000.
The $8,000 invoiced to customers has no effect on Accounts Payable. This is because this $8,000 figure represents sales that were made on credit by customers, and not purchases made by the company. As a result, this figure goes to the Accounts Receivable balance, which is an asset, as this is cash that still needs to be received for services rendered by Jenny's Sweets.
Therefor the balance on 31 May in the Accounts Payable section is $17,000.
In the resource-based model of above-average returns, a capability is:
a. an input into a firm's production process.
b. the foundation for a firm's mission.
c. the capacity for a set of resources to perform a task or an activity in an integrative manner.
d. a product of a large number of firms competing against one another in an increasing number of global economies.
Answer:
The correct answer is c. the capacity for a set of resources to perform a task or an activity in an integrative manner.
Explanation:
The central assumption of the resource-based model says that the company's unique capabilities, resources and core competencies influence the choice and use of strategies rather than the external environment of the company. This yields higher than average returns when uses its valuable and unique capabilities, expensive to imitate and impossible to substitute to compete against its rivals in one or more industries. The evidence indicates that the two models provide knowledge that is linked to the choice and successful use of strategies. Consequently, companies want to use their unique core resources, capabilities and competencies as the basis for one or more strategies that allow them to compete in industries they understand.
The creation of a new vision for a struggling company based on a new approach to planning and organizing to make better use of a company's resources and allow it to survive and prosper is _______________ management.
performance
- total quality
- scientific
- turnaround
- impression
Answer:
turnaround
Explanation:
According to my research on different company business strategies, I can say that based on the information provided within the question the term being described is called a turnaround management. This is a strategy that focuses on using analysis and planning to pick up a struggling company and return them to profitability, by identifying the reasons that they may be failing and fixing them.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a sole proprietorship and owned by Earle Martin. During the past month, Tiny Town Kennel has the following transactions:
a) Received $520 cash for service revenue earned.
b) Paid $325 cash for salaries expense.
c) Martin contributed $1,000 to the business in exchange for capital.
d) Earned $640 for service revenue, but the customer has not paid Tiny Town Kennel yet.
e) Received utility bill of $85, which will be paid next month.
f) Martin withdrew $100 cash.
Indicate the effects of the business transactions on the accounting equation for Tiny Town Kennel.
Transaction (a) is answered as a guide. a. Increase asset (Cash): Increase equiy (Service Revenue)
Answer:
a) Increase asset (Cash): Increase equity (Service Revenue) - GUIDE
b) Decrease equity (Salaries): Decrease asset (Cash)
c) Increase asset (Cash): Increase equity (Capital)
d) Increase asset (Receivable Accounts): Increase equity (Service Revenue)
e) Decrease equity (Utility): Increased liabilities (Others payable accounts)
f) Decrease equity (Capital): Decrease assets (Cash)
Explanation:
Accounting Equation Formula :
Assets = Liabilities + Equity
According to the formula transactions must be recorded as follows:
DEBIT: Asset increases, Liabilities decreases, and Equity decrease.
CREDIT: Asset decreases, Liabilities increases, and Equity increase.
Transaction (a) increases assets and equity, while the remaining transactions have various effects on the accounting equation.
Explanation:Transaction (a) has already been answered. Let's analyze the effects on the accounting equation for the remaining transactions:
(b) Decrease asset (Cash): Decrease equity (Salaries Expense)(c) Increase asset (Cash): Increase equity (Capital)(d) Increase asset (Accounts Receivable): Increase equity (Service Revenue)(e) No effect on the accounting equation since it is a liability that will be paid in the future.(f) Decrease asset (Cash): Decrease equity (Withdrawals)By analyzing the transactions, we can see the effects on the accounting equation for each transaction, which allows us to track the changes in the financial position of Tiny Town Kennel.
Which of the following types of variances would a purchasing manager most likely influence?
a) Direct labor efficiency.
b) Direct materials price.
c) Direct labor rate.
d) Direct materials quantity.
Answer:
b) Direct materials price.
Explanation:
The purchasing manager would be associated to the quantity purchased and for the purchase price it is bought.
Therefore, labor variances are not his consideration.
And also in material variances we know, direct material quantity variance is calculated for the quantity used in production and not the quantity purchased, although the later is dealt by purchase manager the former relates to production manager.
Purchase manager is responsible and concentrates on the price at which the direct material is bought.
Thus, the correct option is
b) Direct materials price.