Answer: Balance sheet
Explanation: In simple words, balance sheet refers to the statement which is prepared by an entity at the end of the financial year for depicting its assets, liabilities and equity in hand at that particular point of time.
Balance sheet shows the net worth of an entity at the end of the year and can also be used to evaluate how much of the assets are funded with the capital and for how much any liability has been taken over.
Thus, from the above we can conclude that the correct answer is balance sheet.
The Balance Sheet, specifically the Statement of Net Worth, will help illustrate Tom's net worth by showing his assets, liabilities, and equity.
Explanation:To illustrate Tom's net worth, you would use the Balance Sheet, specifically the Statement of Net Worth. This statement shows the assets, liabilities, and equity of an individual or business at a specific point in time. It provides information on Tom's total assets and subtracts his liabilities to calculate his net worth.
The formula to calculate net worth is:
Net Worth = Total Assets - Total Liabilities
Therefore, the Sheet Statement of Net Worth will be the most helpful financial statement to explain and calculate Tom's net worth.
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At December 31 of the current year, Cart Company has a $16,000 Notes Receivable from a customer. Interest of 5% has accrued for 9 months on the note. What will be reported on the Balance Sheet?
Answer: $23,200 as total current asset for the period
Explanation:
Note Receivable has a value $16,000
Interest on Note = 5%
Accrued for 9 months
Yearly Interest accrued = 16,000*5%*12= 9,600
Interest for 9 months = 9600/12*9 = 7,200
Balance sheet Extract
Other Income
Int Accrued on Note Receivable $7,200
Current Asset
Note Receivable $16,000
Int Accrued on Note Receivable $7,200
Total Current Asset $23,200
What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this transfer?
Answer:
The legislature budget board and the governor are authorize to transfer money from one agency to other.
Explanation:
Given:
Money needs to be transferred from 1 agency to other when legislature is not in session:
Solution:
When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.
Michael, Sarah, and Mindy are partners in a limited partnership that buys commercial real estate. Michael and Sarah are limited partners, and Mindy is a general partner. Business is booming, so Mindy asks Sarah for help. Sarah offers to buy land from LandInvest Co. , expressly stating that she is acting as a representative of the limited partnership. Sarah drafts the contracts, participates in the negotiation, and completes the sale on her own. Sarah also takes on bookkeeping and related tasks to free up Mindy to locate new sellers. If a dispute arises with LandInvest Co. related to the contract, and LandInvest Co. sues the limited partnership, it is possible that:__________
Answer:
The correct answer is a. Sarah will be held personally liable even though she is a limited partner, and Mindy will also be held liable as a general partner.
Explanation:
For its part, it should be noted that each of the partners of a limited company has a series of rights.3 Among them are the following:
Right to participate in the distribution of benefits and in the assets of the company in case of liquidation. Right of first refusal in the acquisition of participations of outgoing partners. Right to participate in social decisions and to be elected as administrators. Right to information in the periods established in the deeds. Right to obtain information on the accounting data of the Company.A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy
Answer: Just in time strategy
Explanation: In simple words, it refers to the method of inventory control and management under which an entity only orders and receives inventory when they are in an need of it.
Most of the entities nowadays are using this inventory system as it reduces the working capital needs due to cost saving on overhead inventory costs. Thus system does not only reduces the cost of the entity but also helps in accelerating the supply chain.
Of 1000 homeowners insured with Crown Insurance, 250 live in a flood plain, 150 live in an area with frequent tornadoes, 100 live in earthquake prone regions, and the remaining 500 reside in small communities located in less hazardous regions. Which of the following will likely apply to the low-risk group of homeowners? Group of answer choices the low and medium-risk groups will pay less than the high-risk group those in the low-risk group will be discouraged from buying home insurance. they must buy insurance and pay more than the actuarially fair amount for their risk group those in the low-risk group will pay less than both the medium-risk and high-risk group
Answer: The answer is (B)
Explanation: For clarity, the options are:
(A) the low and medium risk groups will pay less than the high risk groups
(B) those in the low risk groups will be discouraged from buying home insurance
(C) they must buy insurance and pay more than the actually fair amount for their risk group
(D) those in low risk groups will pay less than both the medium risk and high risk groups
EXPLANATION:
(A) can't be the answer because in Insurance, you are not necessarily allowed to pay according to the exact risk you forsee. The company will have static amounts for each type of insurance e.g. home insurance, car insurance, etc. So, the low and medium risk groups will pay the same amount as the high risk groups once they have decided to insure their homes.
(B) is correct because low risk home residents who haven't taken up a home insurance will see that they don't really benefit from it as much as high risk home residents do. So they will be discouraged to take up a home insurance.
(C) the key word here is "must" and there is no enforcement when it comes to taking up an insurance plan
Answer:
the answer is B
Explanation:
Customer World provides products and services to customers and allows customers to pay by credit card. On Thursday, a customer purchased a computer for $600 and used a credit card to pay. The credit card company charges Computer World a transaction fee equal to $0.20 + 1% of the total charge. What is the transaction fee Customer World must pay on this sale?
Answer:
$6.20
Explanation:
The computation of the transaction fee is shown below:
= 1% of the total charge + $0.20
= 1% × $600 + $0.20
= $6 + $0.20
= $6.20
Simply we calculated the total charge value and then added the given fee which is mentioned in the question.
Here, total charge means the purchase value of the computer which is purchased by the customer
Guillermo is currently in the process of projecting how much his firm will have to spend on supplies, travel, rent, advertising, and salaries for the coming financial year. Guillermo is working on the:
a. capital budget.
b. advertising budget.
c. operating (master) budget.
d. cash budget.
Answer:
The answer is c. operating (master) budget.
Explanation:
Let re-visit to the definition of operating budget to justify why c. operating budget is the answer.
Operating budget is the budget for revenues and expenses for the future period, that is, it forecast how many level of activities and how much they will cost for income generating purpose in the forecast period.
As described in the question, the forecasting items falls among the expenses budgeting. Thus, c. operating (master) budget is the correct answer.
Vansel Inc. retains most of its earnings. The company currently has earnings per share of $11. Vansel expects its earnings to grow at a constant rate of 2 percent per year. Furthermore, the average PE ratio of all other firms in Vansel's industry is 12. Vansel is expected to pay dividends per share of $3.50 during each of the next three years. If investors require a 10 percent rate of return on Vansel stock, a fair price for Vansel stock today is $____.
a. 113.95
b. 111.32
c. 105.25
d. none of the above
Answer:
A. $113.95
Explanation:
Vansel's expect that the EPS will grow by 2% annually, the earnings per share in 3 years are forecast to be:
Earnings in 3 years = $11×(1+2%)³ = $11.67
The forecasted earnings per share can be multiplied by the PE ratio of the firm’s industry to forecast the future stock price. The average PE ratio of all other firms in Vansel industry is 12, the stock price in three years can be forecast as follows:
Stock price in three years = (Earnings in three years)×(PE ratio of industry) = $11.67×12 = $140.08
This forecasted stock price can be used along with expected dividends and the investor’s required rate of return to value the stock today. Vansel pay a dividend of $3.5 per share over the next three years and the investor’s required rate of return (Re)is 10%, then the present value of expected cash flows to be received by the investor is:
PV = Dividend₁/(1+Re)¹ + Dividend₂/(1+Re)² + Dividend₃/(1+Re)³ +Stock price in three years/(1+Re)³ = $3.5/(1+10%) + $3.5/(1+10%)² + $3.5/(1+10%)³ + $140.08/(1+10%)³ = $113.95
Kela Corporation reports a net income of $450,000 that includes a depreciation expense of $70,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, the total cash inflows from operating activities are:
a. $380,000.
b. $470,000.
c. $520,000.
d. $570,000.
Answer:
option (c) $520,000
Explanation:
Data provided in the question:
Net income = $450,000
Depreciation expense = $70,000
Amount borrowed = $50,000
Now,
Here out of the given transactions, the amount borrowed is a financing activity.
Therefore,
The total cash inflows from operating activities
= Net income + Depreciation expense
= $450,000 + $70,000
= $520,000
Hence,
The correct answer is option (c) $520,000
Why is the participation of young invincibles important to the success of the aca health insurance marketplaces?
Answer:
First of all, young invincibles are young people, usually between 18 and 34 years old, that expect to remain healthy and therefore are not willing to buy health insurance.
The problem is that effectively young invincibles use less health care than other age groups but they serve as a balance for people with preexisting conditions that use health care a lot.
When the amount of young invincibles that acquire insurance is too small compared to preexisting conditions groups, health care costs will increase due to adverse selection and health care premiums will also increase.
Assume that Mitchell Company uses a periodic inventory system and has these account balances: Purchases $600,000; Purchase Returns and Allowances $25,000; Purchases Discounts $11,000; and Freight-in $19,000; beginning inventory of $45,000; ending inventory of $55,000; and net sales of $750,000. Determine the amounts to be reported for cost of goods sold and gross profit.
Answer:
Cost of goods sold = $573,000
Gross Profit = $177,000
Explanation:
Data provided in the question:
Purchases = $600,000
Purchase Returns and Allowances = $25,000
Purchases Discounts = $11,000
Freight-in = $19,000
Beginning inventory = $45,000
Ending inventory = $55,000
Net sales = $750,000
Now,
Total Goods Available for Sale =
Beginning Inventory + Purchases + Freight-In - Purchase Returns and Allowances - Purchases Discounts
= $45,000 + $600,000 + $19,000 - $25,000 - $11,000
= $628,000
Thus,
Cost of goods sold = Total Goods Available for Sale - ending inventory
= $628,000 - $55,000
= $573,000
Gross Profit = Net sales - Cost of goods sold
= $750,000 - $573,000
= $177,000
To determine the cost of goods sold and gross profit for Mitchell Company, we calculated the COGS as $673,000 by adjusting the beginning inventory by purchases, returns, allowances, discounts, freight-in, and ending inventory. The gross profit was then found by subtracting COGS from net sales, resulting in $77,000.
To determine the cost of goods sold (COGS) and gross profit for Mitchell Company, we start by calculating the COGS using the following formula:
Begin with the beginning inventory: $45,000.
Add purchases: $600,000.
Subtract purchase returns and allowances: $25,000.
Subtract purchase discounts: $11,000.
Add freight-in: $19,000.
Subtract the ending inventory: $55,000.
COGS = Beginning Inventory + Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-in - Ending Inventory
COGS = $45,000 + $600,000 - $25,000 - $11,000 + $19,000 - $55,000
COGS = $673,000
Next, we calculate gross profit by subtracting COGS from net sales:
Gross Profit = Net Sales - COGS
Gross Profit = $750,000 - $673,000
Gross Profit = $77,000
The cost of goods sold to be reported is $673,000, and the gross profit is $77,000.
Graciellea is making a persuasive complaint at work. Which of theses sentences will be most effective in achieving goals?
a.If you can't be bothered with maintaining our equipment in good working order, how can I be confident that you care about your employees? I can't be bothered filing repeated re-pair requests either.
b.I have put up with a broken fax in Workroom 223 for three weeks, and I am just fed up with this waste of my time. Repair the fax or else!
c.Did you realize that Bill has still not fixed the fax in Workroom 223 despite the work re-quest I completed two weeks ago? Make Bill fix it soon.
d.For the past two weeks, fax machine No. 223- 51 has been unavailable to complete essen-tial business for 25 of our employees due to incomplete service.
Answer: If you can't be bothered with maintaining our equipment in good working order, how can I be confident that you care about your employees? I can't be bothered filing repeated re-pair requests either.
Explanation:
In order for Graciella's complaint to be persuasive enough she needs to relate her terrible daily experience at work and that of her colleagues, in an emotionally moving manner to her superiors she is filing the complaint to. While doing this the tone of writing is of utmost importance to drive home the message.
The most effective sentence for making a persuasive complaint at work is option d, which clearly communicates the impact of a malfunctioning fax machine on business operations and employees, without expressing frustration or assigning blame.
Among the options provided, the most effective sentence for making a persuasive complaint at work would be:
d. For the past two weeks, fax machine No. 223-51 has been unavailable to complete essential business for 25 of our employees due to incomplete service.
This sentence effectively communicates the problem without assigning blame or expressing frustration in an unprofessional manner. It focuses on the impact of the problem on business operations and a significant number of employees, making it a strong candidate for persuading management to take swift action.
quizlit The advantages of bond exchanges (bond markets) include which of the following? (Check all that apply.)
Allows corporations to reduce the cost of long-term borrowing
Allows corporations to increase the cost of their debt Provides liquidity to creditors
Allows creditors to sell bonds prior to maturity Provides a place to exchange stocks
Answer:
Allows corporations to reduce the cost of long-term borrowing
Allows corporations to increase the cost of their debt Provides liquidity to creditors
Allows creditors to sell bonds prior to maturity Provides a place to exchange stocks
Explanation:
All of the above are advantages of bond exchanges or bond markets
The Gerald Corporation makes and sells a single product called a Clop. Each Clop requires 1.1 direct labor-hours at $8.20 per direct labor-hour. The direct labor workforce is fully adjusted each month to the required workload. The company is preparing a Direct Labor Budget for the first quarter of the year. If the company has budgeted to produce 20,000 Clops in January, then the budgeted direct labor cost for January is:_________
Answer:
$180,400
Explanation:
The computation of the budgeted direct labor cost is shown below:
= Number of budgeted production clops × required direct labor hours × direct labor hour rate
= 20,000 Clops × 1.1 direct labor hours × $8.20
= $180,400
Simply we multiply the budgeted production with the required direct labor hours and direct labor hour rate so that the budgeted direct labor cost can be computed
In the wake of the BP oil spill in the Gulf of Mexico, a slew of BP advertisements touted BP's commitment to protecting and preserving the environment, not only of the Gulf, but everywhere its brand reaches. This could be considered an example of green marketing.
a. True.
b. False.
Answer:
False
Explanation:
Green marketing is a marketing strategy where a product is marketed based on its environmental benefits.
The adverts didn't promote BP's product as environmentally friendly, they just mentioned BP is committed to preserving the environment. This isn't an example of green marketing
The job of increasing public awareness of a company's products, brands, or activities and by fostering desirable company images, such as innovativeness, dependability, or social responsibility is the task of
Answer:
Public relation
Explanation:
Public relation is the approach a business adopts to communicate to the media and the public. The objective of public relations is the create a good reputation for the company. Through public relations, a business establishes a mutually beneficial relationship between itself and the public.
Public relation uses unpaid media presence to reach its target customers. The organization also support activities such as sports, arts, charitable events and education programs to foster good relationships with the public. By directly engaging with the public, a company gains trust and its brand name become popular.
Benjamin is an employee at Apex Inc. Recently, he was moved to a new work team to help in the development of a new product. Sam, his supervisor on the new team, describes the set of behaviors that other team members will expect of Benjamin. Benjamin, however, feels that these demands contradict the expectations set forth in his primary role at Apex. Which of the following situations is most likely to be the primary source of Benjamin's dissatisfaction about his role?A. Apex Inc. has brought together employees from different functions to form a team, leading to conflicting expectations.B. Benjamin is involved in Apex Inc.'s grapevine communications channel.C. Benjamin is unclear about his work methods because others have different ideas about work processes.D. Apex Inc. has downsized recently, and employees' work is still going through quality checks.E. Benjamin is unsure how Apex Inc. will evaluate his performance on this new work team.
Answer:
A. Apex Inc. has brought together employees from different functions to form a team, leading to conflicting expectations.
The Austrian-company Wienerberger is the world's largest brickmaker. It had to use the management function of _____ when it integrated the employees and manufacturing facilities that it gained from a merger with a brickmaking company in Great Britain.
a. planning
b. controlling
c. directing
d. communicating
e. organizing
Answer: The correct answer is "e. organizing".
Explanation: It had to use the management function of organizing when it integrated the employees and manufacturing facilities that it gained from a merger with a brickmaking company in Great Britain.
They had to use the function of organizing to determine the appropriate way to distribute resources and organize employees in order to fulfill the plan and objectives.
Wienerberger, an Austrian firm, is the world's largest brick manufacturer. When it combined the people and manufacturing facilities it received from a merger with a brickmaking business in the United Kingdom, it had to apply the managerial function of organizing.
What is organizing?When it combined the people and manufacturing facilities it received from a merger with a brickmaking business in the United Kingdom, it had to apply the managerial function of organizing.
They needed to use the organizing function to figure out how to divide resources and organize employees in order to meet the plan's goals.
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A famous architect wants to build a modern community center building made completely of stainless steel that rises six stories and incorporates sharp angles and an irregular shape, and approaches the zoning commission about building it in Old Town, an area filled with traditionally styled buildings from the 1800s. In following the city’s ________, which require that the traditional aesthetics of Old Town be maintained, the city can deny the architect’s building permit for the proposed community center.
Answer: Zoning Ordinances
Explanation:
Here, in this particular case the architect requires the respective city's zoning ordinance in order to build the contemporary community center. Zoning ordinance can be easily described as the written rule or code and the law which further defines how a property in a particular geographic area can be utilized. These ordinances also specify whether the area can be utilized for the commercial or residential intention.
Karen Rogers is a salesperson for Solar Panels Inc. She attends builder trade shows to identify potential customers in an effort to build long-term profitable relationships. Karen Rogers is engaging in which step of the selling process?
Answer:
Prospecting
Explanation:
Prospecting selling process -
It is the very first step in the process of sales , according to this step ,
The step involves the detecting the potential of the customers .
The focus of prospecting is to develop the database of the customers and to communicate with them in order to convert the potential customers to the current customers .
Hence from the question ,
Karen Rogers is involved in the prospecting selling process .
Jet Magazine focuses its marketing efforts on reaching young African Americans. The firm believes that they are positioned to profitably serve this group of consumers. Jet utilizes the strategy of:
Answer:
Target Marketing
Explanation:
Based on the information provided within the question it can be said that Jet Magazine is utilizing the strategy of Target Marketing. This refers to focusing your marketing approach on a select population in order to attract them to your company and convince them to buy your product or service. Which in this scenario Jet Magazine's target market are young African Americans.
Premier Co. produces park equipment and is currently producing 10,000 park benches annually. A supplier has offered to produce the bench for Premier Co. for $500 per bench. Premier Co. incurs unit-level costs of $490 per unit. Premier also spends $50,000 on product design each year and incurs $100,000 of facility-level costs. Calculate the avoidable production cost for Premier Co. to produce 1 bench.
Final answer:
Premier Co.'s avoidable production cost to produce one park bench is $490, which represents the direct unit-level costs associated with producing each bench. Other costs such as product design and facility-level costs are not considered avoidable as they would be incurred irrespective of production decisions.
Explanation:
The question asks to calculate the avoidable production cost for Premier Co. to produce one park bench, given that the company currently produces 10,000 benches annually, incurs unit-level costs of $490 per bench, spends $50,000 annually on product design, and has facility-level costs of $100,000.
Avoidable costs are those that can be saved if the company stops producing the benches. The unit-level cost of $490 per bench is the direct cost of producing each bench and is thus considered an avoidable cost. However, the product design costs of $50,000 and facility-level costs of $100,000 are sunk costs and not avoidable in the short term as they are incurred regardless of the number of benches produced. Thus, the avoidable cost for producing one bench is $490, only considering the unit-level costs.
An inventory system answers two important questions: when to order and how much to order. Which of the following statements correctly explains how a Q System (continuous review system) or a P system (periodic review system) answers these questions? A. Under a Q System, a fixed quantity is ordered every P time period. B. Under a Q system, an order is placed to replenish the inventory position up to the target level T when the inventory position reaches the reorder point R. C. Under a P system, a fixed quantity is ordered when the inventory position reaches the reorder point R D. Under a P system, an order is placed to replenish the inventory position up to the target level T every P time periods.
Answer:
The answer is letter D
Explanation:
Under a P system, an order is placed to replenish the inventory position up to the target level T every P time periods.
Under a Q System, orders are placed when inventory drops to a reorder point R, replenishing it to the target level T. A P System orders at fixed time intervals P, with order quantities varying to reach the target level T.
The correct statement explaining how a Q System (continuous review system) and a P System (periodic review system) answer the questions of when to order and how much to order is: B. Under a Q system, an order is placed to replenish the inventory position up to the target level T when the inventory position reaches the reorder point R.
In a Q System, the inventory is continuously monitored, and when the inventory level drops to a predetermined reorder point R, a fixed quantity Q is ordered to bring inventory up to the target level T. This approach responds promptly to inventory level changes, maintaining service level and minimizing stockouts.
Contrastingly, D. Under a P system, an order is placed to replenish the inventory position up to the target level T every P time periods. In a P System, inventory is checked at fixed intervals P, and the order quantity varies depending on the current inventory level and the target inventory level T. This system is suited to controlling inventories with less frequent reviews and tends to batch orders, which may result in larger inventory holdings.
Stealth bank holds deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank’s total liabilities?
Answer:
$600 million
Explanation:
Data provided in the question:
Deposits held by the Stealth bank = $600 million
Reserves held by the Stealth bank = $30 million
Government bonds = $80 million
The current market value of the bank's loans = $400 million
Now,
The amount of deposits held by the Stealth bank belongs to the depositors
Therefore,
The bank is liable to the amount held in deposits
Thus,
The value of the bank’s total liabilities = Deposits held by the Stealth bank
or
The value of the bank’s total liabilities = $600 million
Shen manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately goes out and buys as many goods as he can for himself for the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the of _______? inflation.a. menu costsb. shoe-leather costsc. unit-of-account costs
Answer:
b. shoe-leather costs
Explanation:
The shoe leather cost refer to the cost of time and effort to reduce the amount of cash you have with the idea of not losing the value of the money because of a high inflation. So, what people do immediately after they receive the money is to change it to a foreign currency or make purchases as its value is lost quickly. Acording to this, the situation explained is an example of shoe-leather costs.
What characteristics do all connective tissues share in common
Answer:
The following are the characteristics shared by connective tissues:
Cells, Large amounts of amorphous ground substance, And protein fibers.Explanation:
A connective tissue is a tissue that connects, supports, binds, or separates tissues or organs the following are examples of conecting tissues:
Fibrous tissues, fat, cartilage, bone, bone marrow, and blood.
The Characteristics that all connective tissues share in common are
Cells, The most abundant cell in connective tissue proper is the fibroblastLarge amounts of amorphous ground substance, amorphous Ground substance is a gel-like substance in the extracellular space of the extracellular matrix (ECM). And protein fibers. A fiber composed of protein. such as: wool, hair, fur, and silk.
Final answer:
All connective tissues share three common features: specialized cells, protein fibers, and a ground substance forming the extracellular matrix. Types of connective tissue include connective tissue proper (loose and dense), supportive connective tissue (bone and cartilage), and fluid connective tissue (blood and lymph).
Explanation:
Connective tissues have three primary characteristics in common which are vital for supporting, connecting, or separating different types of tissues and organs in the body. Firstly, they all contain specialized cells, protein fibers, and a ground substance which together form the extracellular matrix. Connective tissue proper includes both loose connective tissue and dense connective tissue, which exemplify the variety of cell types and protein fibers within a viscous ground substance.
The second type, supportive connective tissue, provides structure and strength to the body and includes bone and cartilage; both have a few distinct cell types and densely packed fibers in a calcified matrix for bone, and a less rigid matrix for cartilage. The third category is fluid connective tissue, which consists of lymph and blood, circulating specialized cells in a watery fluid containing salts, nutrients, and dissolved proteins.
Make contact with a sales manager, ask him/ her about their ethical selling practices and report your findings. You may want to ask if the firm has:
a. a code of ethics in place
b. an ethics committee
c. a policy on giving and receiving gifts
d. procedures for dealing with whistle-blowing
Answer: A code of ethics in place.
Explanation: If I were to interview a sales manager of a firm about their ethical selling, the first question I would ask would be if they have any existing code of ethics.
Code of ethics simply are values and morals that an organization place highly for its members to abide by or follow.
Code of ethics could of the form: no stealing, sincerity, integrity.
Then I would go on to ask if the sales firm has an ethics committee. The ethics committee is normally in charge of monitoring the ethics compliance of workers.
Then the policy on gifts would be checked. As gifts given or received in some cases can act as bribes to bend situations to an individual's favor.
And finally I would check the steps the sales firms use to deal with whistle blowing. Whistle blowing simply is the exposure of some wrong practice by an individual. So I would ask the sales manager how exposed wrong ethical practices are handled.
Production of Sliver's latest small car, the Beetle, has been a dramatic improvement compared to its previous product, Quiver. The production target of 2,000 Beetle cars per day has been reached only within 10 weeks since the launch date, which is less than the time they needed for Quiver. Which of the following, if true, would suggest that Sliver adopted a JIT strategy for the Beetle?a. Sliver acquired one of its major distributors before the production of the Beetleb. Sliver has recently made a substantial investment in acquiring warehouses close to its production facilities. c. Sliver acquired a fleet of airplanes to ensure that all the components it sourced from across the world were unaffected by supply bottlenecks in other countries.d. All of Sliver's production factories have their own purchase departments that help the company achieve benefits of scale discounting
Answer:
C) Sliver acquired a fleet of airplanes to ensure that all the components it sourced from across the world were unaffected by supply bottlenecks in other countries.
Explanation:
Just in time (JIT) inventory system is an inventory management method which tries to reduce inventory levels and increase efficiency. The whole purpose of JIT is to decrease costs (less inventory = lower costs) by receiving inputs and materials only when needed. It was first implemented by Toyota during the 1970s, that's why it's also called Toyota Production System.
There are many options available to consumers when it comes to breakfast cereals. So, if Kellogg's significantly increases the price of Rice Krispies, consumers are more apt to buy alternate cereals instead. This illustrates which concept?1) cross-price elasticity
2) the income effect
3) the target return effect
4) the substitution effect
5) the break-even point
Answer:
4) the substitution effect
Explanation:
When a product's change in price (increase) directly influences the consumers to switch to lower-cost alternatives, it is called the substitution effect.
Usually, it is applicable for similar kinds of FMCG goods. Of course, personal spending power and consumer habits are of great importance too, but the substitution effect best describes what happens with the consumer choice when the price of a particular good increases.
The substitution effect describes situations when the product's price increases, but the spending power remains on the same level. If the change in spending power was the input for consumer choice, than it would be the income effect.
If a perfectly competitive firm with constant returns to scale was reorganized as a monopoly, its monopoly price would be ________ the perfectly competitive price and its monopoly output would be ________ the perfectly competitive output.
Answer:
The correct answers are: greater than; less than.
Explanation:
In the perfect competition model, the nature of the scale returns poses serious problems, whatever the case considered. Sise assumes that the returns of scale are increasing, the supply of companies is infinite; if they are constant, the offer is null, infinite or indeterminate (equilibrium case); if they are decreasing, the profit of the companies is strictly positive in the balance '. In the latter case, if they could do so, companies would be interested in dividing themselves, without any limit, into entities as small as possible.