Yes this opinion is correct Dr. juran's 85/15 rule holds that at least 85% of an organization's problems would be eliminated
What is 85/15 rule?Many people hold the opinion that if employees did their tasks properly, an organisation would have few, if any, difficulties. This belief is false, as Dr. Joseph M. Juran showed out years ago.
In actuality, enhancing work processes rather than hiring new personnel has the greatest potential to reduce mistakes and errors.
The observation has developed into a generalisation that at least 85% of issues can only be resolved by changing systems (which are largely decided by management) and that less than 15% of issues are within the control of an individual employee, with a possible further skewed ratio in favour of the system.
What Is Rule Management About?Today, a lot of businesses are starting to recognise that they have a Rule Management issue. Frequently, the perception wasn't always that way. Instead, it might have initially been classified under another heading like "change management," "data quality," "knowledge retention," "communication gap," or something similar. However, the fundamental issue remained the same, namely that the business logic units (also known as business rules) that the organisation wishes to adhere to in its daily operations are not being handled in a logical, consistent way.
The infrastructure required to solve that issue will be provided by rule management. Naturally, this assumes that rules can be managed.
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your roommate is having difficulty understanding how a firm can keep operating despite losing money, earning a negative profit. how will firms respond to losing money? a. if price is below the firm's minimum average variable cost, the firm will , since it will . b. if price is below the firm's minimum average total cost but above its minimum average variable cost, the firm will , since it will
If price is below the firm's minimum average variable cost, the firm will, operating despite losing money, earning a negative profit.
Thus, the correct option is A.
What is Average Variable cost?The average variable cost in economics is the variable cost per unit. By dividing the entire variable cost by the output, the average variable cost is calculated. The average variable cost is used by the businesses to decide when to halt short-term manufacturing.
Divide the variable cost at that level by the total product to determine the average variable cost (AVC) at each output level.
The average fixed cost is the difference between the average total cost and the average variable cost.
The entire variable cost divided by the quantity yields the average variable cost, the fixed cost by the amount yields the average fixed cost, and the overall cost yields the average total cost.
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an erp system helps facilitate decisions affecting the entire organization or business units because it
An ERP system helps facilitate decisions affecting the entire organization or business units because it integrates data.
An Enterprise resource planning (ERP)system is a type of spreadsheet system that helps arrangings mechanize and survive center trade processes for optimum performance. For example, in supply chain manufacturing, an ERP plan keeps as a matter of usual practice running a monetary study and predicting future stock needs to maintain stock at an active level.
Enterprise resource planning (ERP)system is secondhand by arrangements revere accomplish their trade functions within a concentrated and joined method. ERP is usually secondhand by parties working inside the supply chain to help listen to all the exciting parts of production and classification.
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In what ways might household saving rates reflect both the economic culture and
history of a country? (Short answer please)
Answer: People tend to save when they feel the future economy is going to be harsh. People tend to save less when they expect the future economy to be strong.
Explanation: Academics and financial planners recommend people save when times are good so that they can spend when times are bad. However, people tend to do the opposite.
to achieve enhanced motivation, a marketer may try to enhance the relevance of a brand by doing what?
A marketer might use a suspenseful element to increase the relevance of a brand in order to achieve increased motivation.
Describe brand relevancy.The capacity of a brand to appeal to consumers' emotions and establish a personal connection with them is known as brand relevance. Customers express their feelings, not their thoughts, as in the phrases "watching Netflix makes me feel amazing," "driving a Tesla makes me feel brilliant," and "purchasing at Whole Foods I feel responsible because of the market.
You will gain from your brand's relevance in a number of different ways. Your business will continue to expand and make money since it will cut client acquisition expenses and raise customer lifetime value.
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Anita is a top manager at z-tech. She has the formal authority to control and use z-tech resources because of her hierarchical position in the firm. Given only this information, what type of power can we say anita has?.
Anita has Legitimate power.
Legitimate power is the formal authority given to someone within an organization.
As it comes from a position or process name, legitimate power is the shape of positional power. In any efficient gadget, there are distinctive tiers of power.
This creates a sense of order and provides structure to the working environment.
Legitimate power is the power that comes from one's organizational function or position. For instance, a chairman can assign initiatives, a policeman can arrest a citizen, and a teacher assigns grades.
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what amount will be paid in full settlement of invoice 22392, assuming that credit for returns and allowances was received prior to payment and that the invoice was paid within the discount period.
The amount which will be paid in full settlement of invoice 22392, assuming that credit for returns and allowances was received prior to payment and that the invoice was paid within the discount period is $7,176.
Discount = (Purchases - Returns) * Discount %
Discount = ($7,650 - $450) * 2%
Discount = $144
Net payment = Purchase - Returns - Discount + Shipping cost
Net payment = $7,650 - $450 - $144 + $120
Net payment = $7,176
Payment and settlement are two different things; payment settles a debt by exchanging money, transferring money, or exchanging products; settlement settles a debt in whole or in part by using modifications and write-offs. The account balance is zero once all balances have been paid in full or settled.
The customer must receive a cash refund or an account credit for the overpaid invoice in order for there to be invoice settlement and a zero balance to result. Both the payer and payee may settle the invoice after receiving the vendor's refund or account credit for the overpayment on the invoice.
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Disclaimer- The complete question is-
What amount will be paid in full settlement of Invoice 22392, assuming that credit for returns and allowances was received prior to payment and that the invoice was paid within the discount period.
Inv. No. = 22392
Merchandise = $7,650
Freight Paid by Seller = $120
Freight Terms = FOB Shipping Point,1/10, net 45
Returns and Allowances = $450
audit evidence that is a direct written response from a third party to the auditor in paper form or by electronic or other medium is called
A third party (the confirming party) directly responding to the auditor in writing, whether on paper, electronically, or through another means, constitutes an external confirmation, which is audit evidence.
What is external confirmation?Auditors must compile audit evidence to address the audit assignment's risks after assessing those risks. Obtaining this audit proof through external confirmation is one option. In order to gather audit evidence, the auditor must engage in direct communication with third parties during the confirmation process. When external confirmations are well-designed, they provide the auditor with extremely reliable evidence because they offer third party evidence, which is always more trustworthy than evidence acquired within the company. Bank confirmations, confirmations for inventory housed in a public warehouse, and confirmations for accounts receivable are a few examples of external confirmations. It is important to keep in mind that obtaining external confirmations for accounts receivable is a commonly accepted audit practice, and if the auditor does not acquire these, they should document the reasons why.To learn more about external confirmation, refer to
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areas of commercial bank regulation dealing with preventing banks from discriminating unfairly in lending are termed regulations.
These are generally the divisions that are most common, although other institutions may offer additional ones as well: shopper banking Corporate and commercial banking. Global Banking.
What is commercial banking?Commercial banking places a strong emphasis on providing services that cater to businesses, including deposit accounts, credit lines, merchant services, payment processing, commercial loans, global trade services, treasury services, and other options.
Compared to the typical retail bank, which is intended for individual account holders and some small enterprises, commercial banks serve substantially bigger customer bases.
These banks meet the demands of enterprises for big loans, lines of credit, and deposit accounts. Retail banks are frequently just subsidiaries of these bigger businesses. Corporate banking sections of commercial banks can support and invest in both large and small enterprises.
They can act as retail banks as well as engage with individual clients.
Hence, These are generally the divisions that are most common, although other institutions may offer additional ones as well: shopper banking Corporate and commercial banking. Global Banking.
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Which one of the following is not a particularly sound or valid reason why deliberate pursuit of unethical strategies and tolerance of unethical conduct is a risky business practice?
The deliberate pursuit of unethical strategies and tolerance of unethical conduct is a risky business practice because most consumers are very ethically-aware and will quickly stop purchasing the products of any company that engages in shady behavior.
The following corporate cultures are the main causes of unethical business behavior: - Corporate cultures that prioritize profits before ethics. - Significant pressure on business managers to achieve or surpass performance goals. - An excessive or obsessional pursuit of material gain, prestige, and other self-serving goals. Poor economic conditions prevent businesses from making a fair profit unless they act unethically.
Faulty monitoring, intense pressure on managers to fulfil performance goals, and corporate cultures that prioritize profits and performance over ethical behavior are the three main causes of unethical strategy and unethical business behavior.
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What is the statement of the assets, liabilities, and net worth of a firm or individual at some given time called?.
Answer: The Balance Sheet
Explanation: The Balance Sheet lists the assets, liabilities, and equity of a firm at a given point in time. It follows the structure of the accounting equation: Assets = Liabilities + Equity.
managers today need to provide a climate that enables its employees to find personal satisfaction. group of answer choices true false
True because Employee morale has an impact on all business goals that are important to your company's success, including raising quality, productivity. Therefore, maintaining a positive work environment should be a priority for all managers.
Operations management includes tasks that produce goods and services and efficiently distribute them to customers in order to provide value.
Supply and demand must be balanced for a business to make a profit or suffer a loss.
The equilibrium between supply and demand also influences the market environment.
This being said, operations management can assist in preserving an ideal balance between supply and demand, which is advantageous in the long run.
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if one of billy's machines breaks down, it usually results in about 6 minutes of downtime. when this happens, billy's profits are reduced by:
If one of Billy's machines malfunctions and there is a downtime of around six minutes, the profits are lowered by three times six minutes (6*3) $18, when three hours are required.
Explain about the machine?A device (such as a computer or tabulator) made specifically to ease the regular clerical tasks carried out by business or industrial organizations.
Machines cut down on labor, expenses, and time. They guarantee higher precision and quality. Office equipment reduces labour costs. They reduce the need for human labour and enable fewer workers to complete the same amount of work.
A machine is a physical system that use power to exert forces, regulate movement, and carry out an action. The phrase is frequently used to refer to both manmade devices that use engines or motors as well as natural biological macromolecules like molecular machines.
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below are four reasons for misunderstandings in communication. which one is not a reason for semantic misunderstandings?
Answer:When people give a word or phrase multiple meanings, semantic misunderstandings result. There are four common categories of semantic misunderstandings: equivocations, relative language, abstraction, and bypassing
status is not considered a semantic misunderstanding
Explanation:
When people mistakenly believe they understand one another but fail to grasp the other's meaning, this is known as bypassingSome words have a closer connection to an idea or notion than others. it can help in differentiating a word from several possibilities called abstracting.The language that gains meaning, by comparison, is said to be relative language. When people assign meanings to words based on their individual experiences, semantic misunderstandings result.Equivocations are statements that can be understood in two or more different ways.you borrowed $19,000 from a friend and promised to pay the loan in 12 equal annual installments beginning one year from the date of the loan. your friend would like to be reimbursed for the time value of money at an 11% annual rate. what is the annual payment you must make to pay back your friend?
The annual payment one must make to pay back his friend is $2,926.35
A borrower receives money from a lender in a loan transaction, and they agree to return the loan and interest over time. The present value of the payments the borrower will make constitutes the loan amount. We, therefore, use the time value of money concept to calculate the payments, and the variables required are the interest rate and loan life.
Loan = $19,000
n =12 instalments
r =11%
Using the formula we get the following:
Payment = (Loan*r)/1 - (1+r)^-n
= 19000*0.11/1 - (1+0.11)^-12
= 2090/1 - (1.11)^-12
= 2090/1-0.2858
= 2090/0.7142
= $2926.35
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Which point of the business cycle represents a peak? b c d e
The correct answer is A. Consumption reaches its highest point, and then supply begins to fall.
Various economic indicators reach their highest point in the peak month, which is followed by a sharp fall in economic activity. Similar events occur when economic activity reaches a low point and then gradually picks up again. The final month before numerous important economic indicators, such as employment and new housing starts, start to decline, is referred to be the cycle's peak. Real GDP spending is now at its highest position in the economy. Approximately or roughly at the same time as the economy, coincident indicators move or change (i.e. these indicators rise as aggregate economic activity rises and fall as aggregate economic activity falls). The economy enters the peak phase when it reaches its highest level of output, which marks the end of the growth.
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Complete Question:
Which point of the business cycle represents a peak? b c d e
The business cycle figure is attached.
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the monetary base is?.
The monetary base is:
C= Currently
=$400 billion
r = reserve ratio = 0.10
D = check deponit =$1000 billion
ER= Excel reserve =$1 trillion
By using formula
MB = <+ (RDX) +ER
= $400+ (0. 10x1000) +4 billion
=$501
The monetary fee is the amount that would be paid in cash for an asset or carrier if it were to be sold to a third party. For instance, tangible belongings, intangible assets, labor, and commodities are priced at their economic value.
Financial objects are belongings or liabilities that have a hard and fast price, such as coins or debt. These gadgets, which include $25,000 in cash, have a set cost despite the fact that inflation and different macroeconomic elements may have an effect on buying power.
Economic refers back to the delivery of money, or the quantity there to spend. Monetary implies the budget, or how the money could be spent. Economic coverage entails manipulating interest prices and the cash supply and is the job of the Federal Open market Committee (FOMC).
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a common law rule known as the requires that the seller deliver goods in conformity with the terms of the contract, down to the last detail.
According to The Perfect Tender Rule, a common law principle, the seller must provide the goods in accordance with the contract's conditions.
A buyer is allowed to reject goods shipped or delivered to it from a seller if the seller's tender of the goods is in some way imperfect, according to Article 2 of the Uniform Commercial Code, which deals with the sale of goods.
According to the perfect tender rule, in order for the buyer to be obligated to accept and pay for the goods, the seller must deliver goods that are perfectly in compliance with the customer's requirements.
The buyer is not free to reject any tender they choose. Compare the substantial performance doctrine, which is used in non-UCC situations, with the perfect tender rule, which governs the sale of goods under the Uniform Commercial Code.
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If an adverse action notice is required, and there are two borrowers, but only one has derogatory credit, to whom do you send the notice?.
If an adverse action notice is required, and there are two borrowers, but only one has derogatory credit, to whom do you send the notice Under the ECOA, lenders are required to offer word to candidates and borrowers—each client and businesses, alike—in opposition to whom a detrimental motion is taken.
A creditor ought to notify the applicant of detrimental motion within 30 days after receiving a whole credit score application. 30 days after receiving an incomplete credit score application. 30 days after taking motion on a current credit score account.
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As emphasized in the text, much of our success within organizations is connected to.
As emphasized in the text, much of our success within organizations is connected to our cognitive potential.
When all elements of your agency communicate easily, it could improve workflow and usual productiveness.
By using making an attempt to enhance your effective communication, you may build a more potent agency a good way to have to stay powerful in the market.
The formal conversation is the sharing of authentic records approximately the place of the job.
It is dictated by using the mounted hierarchical organization of the enterprise.
Casual verbal exchange no longer follows any rules of predetermined policy that formal does and is the opposite of formal communication.
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elk city utility recently paid a dividend of $3.73 per share. dividends are expected to grow at a rate of 3.60%. elk city stock currently sells for $37.95 per share. if you were on the utility regulatory commission, what rate of return would you allow elk city to earn? (round your answer to 2 decimal places.)
The rate of return that Elk City Utility should earn, given the dividends and the stock price is 13. 78%
How to find the rate of return?When given the dividends, the growth rate of the dividends, the selling price of the stock, you can find the rate of return by using the Dividend Discount model which is:
Price of stock = Next dividend / ( Rate of return - Growth rate )
The next dividend is:
= Current dividend x ( 1 + dividend growth rate)
= 3. 73 x ( 1 + 3.60 %)
= $3. 86428
The rate of return is:
37. 95 = 3. 86428 / ( Rate of return - 3. 60%)
( Rate of return - 3. 60%) x 37. 95 = 3. 86428
Rate of return = 3. 86428 / 37. 95 + 3. 60%
Rate of return = 13. 78%
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multiple choice question currency, coins, checks, money orders, and funds on deposit in a bank are recorded in a(n) account.
Cash is the A(n) account keeps track of the money that is deposited with a bank.
What is the fund deposit in bank?At general, a deposit is just money that is kept in a bank. When a portion of the money are utilized as security or collateral on a delivery of goods or services, this is one definition of a deposit. Another type of deposit entails the transfer of money to a third party for storage, such a bank.When a specific proportion of the amount is deposited in HSBC Mutual Funds over the maturity, a Fund Deposit Account, a type of time deposit account, offers a preferred interest rate.Money deposited in banks for storage is referred to as a bank deposit. These deposits are made to various deposit accounts, including savings, checking, or money market accounts.To learn more about deposits refer to :
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congress has passed legislation that a. banned the practice of lobbyists giving members of congress an honorarium for giving speeches. b. eliminated the requirement that lobbyists register with congress. c. lifted all limits on the number of gifts lobbyists could give members of congress. d. allowed businesses to deduct lobbying costs as a business expense.
In 1996, Congress passed legislation that banned the practice of lobbyists giving members of congress an honorarium for giving speeches. (Option A)
Lobbying refers to means of attempting to influence legislative action or nonaction through communication (oral or written) or an attempt to gain the goodwill of a member or employee of the Legislature. Interest groups and lobbyists offer campaign support for legislators that are in favor of their policies and encourage their members to vote for candidates who support their views. As an attempt to regulate the lobbying practices, the congress banned the practice of lobbyists giving congress members an honorarium for giving speeches. An honorarium refers to a payment given to guest speakers who don't charge a service fee.
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at initiation of a forward contract and a futures contract with identical terms, their prices are most likely to be different if:
If you enter into a futures contract and a futures contract on the same terms, the prices are most likely to differ if: Short-term interest rates are negatively correlated with futures prices.
Futures contracts are private, customizable contracts that are settled and traded over-the-counter at the end of the contract. Futures contracts have standardized terms and are traded on exchanges where the price is settled daily until the contract expires. Futures prices may differ from futures prices as interest rates affect intermediate cash flows from daily settlements. If the interest rate is constant or uncorrelated with the futures price, the futures price is the same as the futures price.
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the ucc provides that if a firm offer is silent as to the length of time it is irrevocable, then the contract assumes an irrevocability period of .
The UCC provides that if a firm offer is silent as to the length of time it is irrevocable, then the contract assumes an irrevocability period of 3 months.
The Uniform Commercial Code (UCC), a comprehensive body of law, regulates all commercial activities in the United States. Instead of being a federal legislation, every state has adopted it. Uniformity of law is essential for interstate business transactions.
According to the U.C.C., even when there hasn't been any payment made for the promise, a written and signed offer by a merchant to buy or sell goods that states that it will be held open is irrevocable for the duration of the time mentioned.
If the offer is promised to remain open but no time period is mentioned, it cannot be removed for a reasonable period of time. Regardless matter whether it is accepted, an offer cannot be held open for more than three months.
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in order to put a marketing concept into practice, you need a for performing two tasks, including selecting a target market.
You must complete two tasks in order to put a marketing concept into practice, including choosing a target market and option c. marketing plan.
A marketing strategy is a long-term plan for achieving business goals through an awareness of customer needs and the creation of a distinctive competitive advantage. It covers everything, from deciding which channels to use to reach your clients to calculating
Simply put, a marketing strategy outlines your company's objectives, including who your ideal clients are and how you plan to reach them. It serves as your strategy and a general guide for the marketing actions you will do to expand your company over the ensuing months and years.
It's critical to focus on customers' needs and wants when developing marketing strategies so that they satisfy both their needs and the organization's goals.
The options for the question are:
a. marketing scheme
b. marketing plan
c. marketing strategy
d. marketing mix
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which skills are usually required for team members to be good contributors? (choose every correct answer.)
Interpersonal or social, Technical and functional skills are usually required for team members to be good contributors.
There are many different teamwork skills, but they are all tied to your capacity for interaction and productive collaboration. Excellent communication, listening, and conflict management skills are necessary for team success.
A good team player will effectively communicate their thoughts to the group. You must be able to communicate verbally, visually, over the phone, via email, and in person. Ability to manage conflicts among team members is a crucial teamwork skill. Listening is a crucial component of communication. To be a productive team member, you must be able to listen to the opinions and worries of your colleagues. You also want to be a trustworthy team member so that your coworkers can confide in you with sensitive company information and time-sensitive tasks.
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stealth bank is holding $4 million in reserves, $9 million in government bonds and $9.6 million in low risk mortgage loans. out of the $20 million in customers' deposits, stealth holds $13.1 million in the form of certificates of deposit. what is stealth bank's net worth in millions of dollars?
Stealth bank is holding $4 million in reserves and $9 million in government bonds. $2.6 million is the stealth bank's net worth in millions of dollars.
($4mil + $9mil + $9.6mil) - $20mil = $2.6 million net worth.
For the Stealth Bank, net worth is equal to $2.6 million; that is, $22.6 million in assets minus $20 million in liabilities.
A government bond is a debt security issued by a government to support government spending and scores. Government bonds can pay periodic interest payments called pasteboard payments. Government bonds issued by public governments are frequently considered low-threat investments since the issuing government backs them.
Government bonds issued by civil governments are among the safest investments around, frequently carrying a threat-free rate of return. still, because of their lower threat, they also carry fairly lower yields.
a bondholder invests$,000( called face value) into a 10- time government bond with a 10 periodic pasteboard; the government would pay the bondholder 10 of the$,000 each time. At the maturity date the government would give back the original$,000.
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The term FILL IN THE BLANK describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds.A. reserve ratioB. reserve fundsC. term depositsD. bond reserves
The term reserve ratio describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds
The proportion of reservable liabilities that commercial banks are required to keep instead of lending or investing is known as the reserve ratio. The country's central bank, which in the United States is the Federal Reserve, sets this requirement. The cash reserve ratio is a different name for it.
With an example, what is reserve ratio?
A bank's cash balance at the Federal Reserve is expressed as a ratio of its total deposits to the required reserve ratio formula. A bank's reserve ratio would be 1/20, or 5%, for instance, if it had $100,000 in deposits but was required to hold $5,000 in the Federal Reserve.
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under a firm commitment agreement, zeke company went public and received $30.50 for each of the 7 million shares sold. the initial offer price was $33 and the stock rose to $35.36. the company paid $560,000 in direct flotation costs and $215,000 in indirect costs. what was the flotation cost as a percentage of funds raised?
The amount of funds raised = 30.50*7,000,000 - 560,000 -215,000 = 212,725,000
Flotation Cost = 560,000 + 215,000 + (35.36 - 30.50)*7000000 = 34795000
the flotation cost as a percentage of funds raised = 34795000/212,725,000 = 16.36%
The ability to drift is flotation, which also can be spelled floatation. A flotation device may be a protection function on a ship, just like the floating foam earrings that can be used in case of emergency or the existing jackets sailors wear. it is able to additionally be amusing, like an inflatable raft you operate for floating around a pond.
Flotation is extensively used to pay attention to copper, lead, and zinc minerals, which normally accompany each other in their ores. Many complicated ore combos formerly of little value have become the most important sources of positive metals by means of the flotation technique.
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you are at the register at the store and see gum available for purchase, along with mints and candy bars. these items are placed here with the promotional objective to:
You are at the register at the store and see gum available for purchase, along with mints and candy bars. these items are placed here with the promotional objective to increase sales.
Gaining qualified leads and customers who are also valuable to you is made possible by effective sales. The staff of the company would be content as well if the company was making strong sales. And in fact, it will improve employee performance and allow them to carry out their tasks in a more orderly and professional manner. Strategic business growth is fundamentally based on increasing sales and revenue, but this is easier said than done. Learn how stores can boost sales and revenue without endangering their sustainability or overall financial health. Sales are the quantity of goods and products that a startup or business sold within a specific time period. In most cases, a person or another business would express interest in the good or service you're providing. and are prepared to spend to obtain that for themselves. A sale is made once the transaction is complete and the goods is delivered to the specific customer.
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