If a perfectly competitive firm's price exceeds its average total cost, the firm a. earns a profit.
What is a perfectly competitive firm?
In a perfectly competitive market, the participating firms are price-takers since no one firm can substantially influence the pricing of the product.
The firm in this market earns a profit when the price (marginal revenue) exceeds the average cost. It is not breaking even. The firm breaks even when the marginal revenue equals the average cost.
This firm is also not incurring a loss or should it shut down.
Thus, the firm earns profits when the average cost is below the price in a perfectly competitive market.
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npv and irr, mutually exclusive projects for discount factors use exhibit 12b-1 and exhibit 12b-2. hunt inc. intends to invest in one of two competing types of computer-aided manufacturing equipment: cam x and cam y. both cam x and cam y models have a project life of 10 years. the purchase price of the cam x model is $3,600,000, and it has a net annual after-tax cash inflow of $900,000. the cam y model is more expensive, selling for $4,200,000, but it will produce a net annual after-tax cash inflow of $1,050,000. the cost of capital for the company is 10%. required: 1. calculate the npv for each project. round present value calculations and your final answers to the nearest dollar. cam x: $fill in the blank 1 cam y: $fill in the blank 2 which model would you recommend using npv? 2. select the irr for each project. cam x: cam y: which model would you recommend using irr?
NPV and IRR, Mutually Exclusive Projects
Required:1. Calculate the NPV for each project. Round present value calculations and your final answers to the nearest dollar.CAM X: $1,930,113.00CAM Y: $2,251,795.00Which model would you recommend using NPV?CAM Y2. Select the IRR for each project.CAM X: 20%-25%CAM Y: 20%-25%Which model would you recommend using IRR?Both What is the NPV?We refer to this as the net present value (NPV), which is the difference between the current value of cash inflows and outflows over time. NPV analysis is used in capital budgeting and investment planning to determine the profitability of a projected investment or project.
The upshot of choosing the proper discount rate to ascertain the present value of a stream of future payments is the computation of NPV. Positive NPV projects should be started, whereas negative NPV projects should not.
The time value of money is taken into account when comparing the rates of return of different projects or when comparing an expected rate of return with the hurdle rate required to approve an investment.
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For businesses facing complex and turbulent business environments, which of the following is true?
Goals and objectives that are uncertain prevent opportunism
Traditional strategic controls are usually inappropriate
Complacency about predetermined milestones can prevent adaptability
Detail plans are needed to maintain order
Turbulence can be best defined as 'unpredictable uncertainty for strategic planning reasons' [3]. When managers lack "confidence that they grasp the key shifts and occurrences in their sectors," environmental uncertainty is said to develop [4].
Implicit limits established by culture promote personal affiliation with the goals of the organization. What occurs when subcultures with ideals that conflict with the organization's mainstream culture start to emerge? People start working against one other's interests and lose sight of the big picture. Layers in a fluid mix together during turbulence through eddies and swirls. The primary causes are two. First, by adding velocities that are perpendicular to the flow, any impediment or sharp corner, like one in a faucet, causes turbulence. Turbulence is brought on the fast speeds, second. Through a business model innovation approach, environmental turbulence (ET) has a favorable impact on firm performance (FP), both directly and indirectly.
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uppose the cost to run the ferry for each roundtrip is $750. how many ferry trips should there be to maximize the total surplus of the four business owners? a. 3 b. 1 c. 2 d. 4
Assume that each journey on the boat will cost $700. To maximize the combined excess of the four business owners, there must be two boat voyages.
The total surplus of a market acts as a barometer of the general well-being of its participants. It encapsulates everything surplus from both consumers and producers. The difference between what consumers are willing to pay and what they ultimately pay for a product is known as the consumer surplus.
When an aircraft of the kind the charterer requested is unavailable at the point of origin of the charter flight and the carrier must relocate the aircraft to and from the destination location of the charter flight, these fees are known as ferry costs.
Complete question:
A small island off the coast of Cape Cod contains two restaurants and two retail stores. Tourists need to take a ferry boat to reach the island, but with a recent slowdown in the economy, tourists are less willing to pay for the boat ride to visit the island. The owners of the restaurants and stores on the island — Restaurants 1 and 2, and Stores A and B — think that if tourists could ride the ferry for free, they would be happy to visit the island, eat and shop. The business owners are considering contributing to a pool of money that will be used to pay for roundtrip ferry service each day. The table represents their willingness to pay, that is, the maximum amount that each business owner is willing to contribute, per day, to pay for each ferry trip.
Suppose the cost to run the ferry for each roundtrip is $750. How many ferry trips should there be to maximize the total surplus of the four business owners?
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to understand better how changes in tax laws can affect saving, imagine that jake, a student, plans to save $450 from his summer job to buy textbooks next autumn. jake's parents are so impressed with his plans that they offer to pay him an additional 35% interest per month on the money he saves, which means that jake is now earning a large rate of return on his saving. it turns out that jake saves only $400 (before the interest paid by his parents) from his summer job. this means that the
This means that the 1. Substitution 2. Income
In track idea, chord substitution is the technique of the usage of a chord in place of every other in a development of chords, or a chord development. lots of the european classical repertoire and the big majority of blues, jazz and rock song songs are based totally on chord progressions. "A chord substitution takes place while a chord is replaced by way of any other this is made to function just like the unique. generally substituted chords possess two pitches in not unusual with the triad that they're converting. A chord development may be repeated to form a track or music. Composers, songwriters and arrangers have evolved some of ways to add range to a repeated chord progression.
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in the committee on shuttle criticality review and hazard analysis audit report what were the committee's assessment of nasa's use or lack of use of quantitative assessment methods.
As per the committee report, there was an efficient use of quantitative assessment methods by NASA.
Since the 1986 Space Shuttle Challenger disaster, NASA has started using QRA for making decisions about the Space Shuttle and other NASA program projects. Several studies have been conducted by NASA to forecast the total Space Shuttle risk in addition to the continuing QRA efforts at the various NASA locations. These experiments are the largest quantitative studies that NASA has ever carried out.
The group had been successful in creating a strong technological strategy for carrying out quantitative assessment investigations. The strategy created symbolizes an efficient use of the methods. In addition, by conducting the Shuttle QRA study, the value of utilizing the multiple discipline strategy in gaining customer buy-in and enhancing the fidelity of the QRA results was shown. This study evaluated the risk of the Space Shuttle propulsion elements as well as the risk reduction caused by the Shuttle upgrades.
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when a high school graduate needs to make a decision between continuing his or her education or entering the job market, but he or she cannot go because he or she has limited means to pay for tuition, books, and incidentals, this is known as .
When a high school graduate needs to make a decision between continuing his or her education or entering the job market, but he or she cannot go because he or she has limited means to pay for tuition, books, and incidentals, this is known as scarcity.
What is scarcity?Scarcity refers to the fact that there are few resources compared with our needs and desires.
Scarcity can be with respect to any natural resources or with respect to any scarce commodity. In this case, scarcity refers to a high school graduate that doesn't have money to pay for his university and has to work. Another example can be the scarcity of water on the planet.
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suppose a salesperson is classifying accounts based on the level of sales potential and strength of relationship (buyer-seller). which common method for classifying accounts is the salesperson using?
Portfolio analysis is the common method uesd by salespersons for classifying accounts based on the level of sales potential and strength of relationship.
A portfolio of securities is one way to characterise it. These investments frequently consist of stocks—investments in specific companies—bonds—investments in debt with the intention of earning interest—and mutual funds, which are simply collectives of investor funds that are invested by experts or in accordance with indices.
Portfolio analysis is the process of going over or evaluating each component of a company's full portfolio of stocks or goods. The review is carried out in order to carefully analyse risk and reward.
Regular portfolio analysis enables the investor to adjust the portfolio's allocation in response to shifting market conditions and other circumstances.
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production of 1,000 units of a pipe-cutting tool required 400 labor hours and 10 setups, consumed 30% of the product sustaining activities, and resulted in an overhead allocation of $15,400. what amount of batch-level overhead cost was expected during the period?
The amount of overhead cost was expected during the period is $270,200.
1,000 units * 10 setups = 10,000 setup labor hours
10,000 labor hours / 400 labor hours per unit = 25 units per setup
25 units per setup * $15,400 overhead allocation = $386,000
$386,000 * 30% = $115,800 product sustaining overhead
$386,000 - $115,800 = $270,200 batch-level overhead
Overhead expenditures include things like rent,business permits, accounting fees, advertising costs, and payroll. While direct costs are directly related to the product or service you provide, such those for raw ingredients or packaging supplies, these prices are often stable.
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which benefits does efficient supply chain management provide retailers concerning product availability?
The correct option is C ; Better fashions , Efficient supply chain management is critical for retailers because it may give a strategic advantage through increased product availability (fewer stockouts and specialized assortments) and inventory turnover, as well as a greater return on assets.
Inventory and overhead expenditures have been reduced. A well-managed supply chain may eliminate the need for inventory, lowering the overhead expenses associated with storage and security.
A very low inventory, on the other hand, puts strain on distribution networks and diminishes resilience to supply chain shocks.
Effective supply chain management allows businesses to enhance product flow by accurately estimating demand and sales, as well as improving inventory management to stop the bullwhip effect and avoid underproduction.
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Full Question ;
Which of the following is NOT a benefit of efficient supply chain management?
A. improved product availability
B. fewer stockouts
C. better fashions
D. higher return on investments
E. strategic advantage
due to the typical measure used to determine if employees have earned a merit pay raise, the effectiveness of a merit pay system depends on the quality of what other human resource management system?
The other human resource management system the performance appraisal system.
Human assets (HR) is the branch inside a commercial enterprise this is responsible for all matters worker-related. That consists of recruiting, vetting, selecting, hiring, onboarding, schooling, promoting, paying, and firing employees and impartial contractors.
Human resource is the individual or institution of humans at an organization who manages all matters associated with its employees. This includes — but isn't always confined to — hiring, preserving a price range, recruiting, handling benefits, ensuring employee pleasure, enforcing a corporation lifestyle, and educating new hires.
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in may 2021, whitney filed for divorce from her husband, michael. although they lived apart for the last six months of the year, their divorce is not yet finalized and they are still legally married. whitney does not wish to file a joint 2021 return, and she has no qualifying child or qualifying relative. what filing status should whitney use? single. unmarried for tax purposes. married filing separately. head of household.
Whitney will utilize the Married Filing Separately filing status in 2021.
A person's filing status, which can fall into one of five categories Single, Married Filing Jointly, Married Filing Separately, Head of Household, or Qualifying Widow(er) with Dependent Child determines the tax return form that person will use.
Married couples who decide to report their income and deductions on separate tax returns use the married filing status. The Married Filing Separately option enables one of the partners to handle their tax obligations independently of their spouse.
In light of the pending divorce and Whitney's continued legal marriage, the filing status she will utilize in 2020 is Married Filing Separately.
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a. what is the equilibrium interest rate in moola? percent b. what is the level of investment at the equilibrium interest rate? $ c. is there either a recessionary output gap (negative gdp gap) or an inflationary output gap (positive gdp gap) at the equilibrium interest rate and, if either, what is the amount? of $ d. given money demand, by how much would the moola central bank need to change the money supply to close the output gap?
In Moola, the quilibrium interest rate is 6% with the level of investment is $40. In this scenario, Moola is having negative output gap of $20. Given the money demand, the Moola central bank needs to increase the money supply by $100. The (expenditure) multiplier in Moola is 2.
Let's discuss each question separately.
a. What is the equilibrium interest rate in Moola?
To find the equilibrium interest rate in Moola, we have to know which scenario has equal money supply and money demand. Based on the table given, we know in the scenario 4 (column 4) the amount of money supply and money demand are both 500. The interest rate in this scenatio is 6%.
The equilibrium interest rate in Moola is 6%.
b. What is the level of investment at the equilibrium interest rate?
Referring to the table given, we know that when the interest rate is 6% the level of investment is $40 (coloumn 4).
The level of investment at the equilibrium interest rate is $40.
c. Is there either a recessionary output gap (negative GDP gap) or an inflationary output gap (positive GDP gap) at the equilibrium interest rate and, if either, what is the amount?
Output gap happens when the actual GDP is not equal to potential GDP. When actual GDP is greater than potential GDP, the economy is experiencing inflation (postive output gap). When actual GDP is less than potential GDP, the economy is experiencing recession (negative output gap).
Referring to the table, on the scenario 4 (coloumn 4), we know that potential GDP is 350 an actual GDP is 330. It shows that potential GDP is greater than actual GDP. Hence Moola is experiencing recession or negative output gap.
The size of the gap is equal to the difference between potential GDP and actual GDP.
GDP Gap = Output GDP - Potential GDP
GDP Gap = 330 - 350
GDP Gap = -20
Moola is experiencing negative output gap of $20.
d. Given money demand, by how much would the Moola central bank need to change the money supply to close the output gap?
Because the economy is on recession, the Moola central bank needs to encourage people to increase their purchase and spending more money in the market. Hence, the central bank is responsible to increase money supply and decrease the nominal interest rate to meet the required money demand.
The central bank needs to increase the money supply to increase the actual GDP $330 to meet the potential GDP in $350. Based on the table given, we know that when actual GDP is $350 the money demand is $600. Hence, the central bank needs to increase money supply by $100.
The Moola central bank has to increase money supply by $100.
e. What is the expenditure multiplier in Moola?
We can use the investment expenditure's multiplier formula to answer this question.
Investment expenditure's multiplier = change in actual real GDP
Change in investment
Change in the actual real GDP is referred to the output gap we found before, $20. The change in investment is the different between the level of investment when the interest rate is in equilibrium (6%, $40) and when it is ideal (5%, $50).
Investment expenditure's multiplier = $20/$10 = 2
The multiplier in Moola is 2.
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Complete Question:
Refer to the table for Moola given below to answer the following questions.
(refer to the attached tabel below)
Enter answers as whole numbers
a. What is the equilibrium interest rate in Moola? ___ percent
b. What is the level of investment at the equilibrium interest rate $___
c. Is there either a recessionary output gap (negative GDP gap) or an inflationary output gap (positive GDP gap) at the equilibrium interest rate and, if either, what is the amount?
Recessionary output or Gap inflationary output gap of $___
d. Given money demand, by how much would the Moola central bank need to change the money supply to close the output gap?
Increase or Decrease the money supply by $___
e. What is the (expenditure) multiplier in Moola?
for keywords pertaining to academic research, returns more relevant and reliable results than scholar, since scholar is a subsidiary of . true false
False, for keywords pertaining to academic research, does not return more relevant and reliable results than scholar, since scholar is a subsidiary of the larger umbrella of.
What is research?Research refers to a systematic process of investigation that involves the collection of data. documenting material information; analyzing and interpreting such data in accordance with appropriate methods established by the particular discipline and discipline; Most studies fall into three different categories: exploratory, descriptive and causal. Each serves a different end purpose and can only be used in specific ways. Research advances humanity.Driven by curiosity: We are curious, we ask questions and we dive in to discover everything we want to know. Learning flourishes. Without curiosity and research, progress would stop and life as we know it would be very differentThe purpose of research is to information behavior. Therefore, your research should attempt to place its findings within the larger research area.Research must always be of high quality in order to produce knowledge that can be applied outside the research environment.To learn more about research from the given link:
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question:
For keywords pertaining to academic research, returns more relevant and reliable results than Scholar, since Scholar is a subsidiary of the larger umbrella of. true/false
select the appropriate term to complete the sentences. a. according to the coase theorem, private parties can negotiate to an efficient solution in the presence of externalities if the is (are) relatively low. b. suppose jeremy, francis, and andrew are part of mu epsilon nu, a college fraternity known for its very loud, rambunctious weekend parties. the parties annoy many of the residents in nearby apartment complexes due to the loud music and blaring neon lights. this is an example of . indicate whether each possible solution is a private or non-private approach to the problem caused by the loud fraternity. c. the local city government sends the police to break up the parties. d. the fraternity pays the local community to compensate for the noise pollution. e. the residents of the apartment complexes pay mu epsilon nu not to have loud parties.
If the transaction costs are (are) low enough, private parties can bargain to an effective solution even when there exist externalities.
What is a Coase theorem?Including the cost of bad externalities in party tickets and utilizing the money for more environmentally friendly development or paying locals for adverse effects on them are two possible methods of internalizing externality.
According to the Coase Theorem, two parties can negotiate and arrive at a socially optimal result while internalizing the effects of negative externalities if the transaction cost is minimal.
The Coase Theorem, a legal and economic theory on property rights created by economist Ronald Coase, asserts that in the presence of fully competitive markets with no transaction fees and an efficient combination of inputs and outputs, the best course of action will be chosen.
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you own 20% of hi-tek company stock. the stock sold for $96 per share before a planned 3-for-2 stock split. before the split, there were 320,000 shares outstanding. how many shares of stock will you own after the stock split?
You possess 96000 shares of Hi-Tek Company, or 20% of it, in accordance with the provided statement.
A standard simple definition is what?A sort of asset known as a stock represents a small portion of ownership in the company. A share, also known as a minority shareholding, is what you get when you purchase stock in a company. Shares of companies are purchased by traders who anticipate a rise in value. The valuation of company's shares increases as a result.
Briefing:Calculation of share ownership following Hi-Tek Company's stock split.
No. of shares held = 20% of Company's shares
= 320000 shares * 20%
= 64000 shares
Stock split into 3:2 ratio
So, No. of shares held after split of Hi-tek Company = (64000 shares * 3) / 2
= 96000 shares owned after split
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a recent study of north american and european corporations indicated that the need to was considered the most important external issue affecting their marketing strategies? group of answer choices
A recent study of North American and European corporations indicated that the need to stay cost competitive was considered the most important external issue affecting their marketing strategies.
A organisation is an agency—usually a group of people or a employer—legal by way of the nation to behave as a unmarried entity (a legal entity recognized by way of personal and public regulation "born out of statute"; a prison person in felony context) and recognized as such in law for positive functions.[1]: 10 Early included entities had been installed by constitution (i.e. with the aid of an ad hoc act granted by means of a monarch or passed through a parliament or legislature). most jurisdictions now allow the creation of latest agencies through registration. corporations come in many differing types but are usually divided with the aid of the law of the jurisdiction wherein they may be chartered based totally on two elements: via whether or not they are able to difficulty stock, or by way of whether they're fashioned to make a earnings.
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contribution margin focuses on which one of the following? a. the amount of revenue available to cover fixed costs. b. the total variable manufacturing costs. c. how competitive a company is compared to other companies. d. the total revenue expected during the year.
Contribution margin focuses on the amount of revenue available to cover fixed costs.
According to this option a) is correct answer.
What is the purpose of contribution margin?
The total amount of income left over after variable costs to pay for fixed expenditures and turn a profit for the business is shown by the contribution margin, according to Knight. This might be viewed as the portion of sales that helps to cover fixed expenses.
Contribution margin includes all income, right?
The revenue that remains after deducting the variable expenses associated with manufacturing a good is known as the contribution margin. Contribution margin determines how profitable each product that a business produces and sells is.
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esfandairi enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 million. the fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. the project is estimated to generate $1.645 million in annual sales, with costs of $610,000. if the tax rate is 21 percent, what is the the project’s NPV?
The net present value of the project is $0.15 million.
What is the net present value?
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
The first step is to determine the cash flow of the project.
Cash flow = (sales - cost - depreciation) × (1 - tax) + depreciation
Depreciation = (cost of the asset ) / useful life
Depreciation = $2.18 million / 3
Depreciation = 0.727 million
Cash flow = (1.645 - 0.61 - 0.727) x (1 - 0.21) + 0.727 = $0.97 million
Net present value = -2.18 million + 0.97 / 1.12 + 0.97 / 1.12² + 0.97 / 1.12³ = $0.15 million
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Which of the pricing orientations discussed in the text does Planet Fitness most closely pursue?
A. profit-oriented.
B. customer-oriented.
C. sales-oriented.
D. premium-oriented.
E. competitor-oriented.
The pricing orientations discussed in the text does Planet Fitness most closely pursue C. sales-oriented.
What is sales oriented?Sales orientation refers to a business strategy in which a company focuses on selling its products to potential customers in its target market. Sales teams typically use outbound sales tactics to promote their products and increase sales. Sell-oriented is a business model that focuses on creating the best products and services without considering the wants and needs of the customer. This approach typically uses aggressive outbound sales strategies and marketing promotions to drive sales.
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we also discovered that the socially optimal level of this activity would be systematically different than what the market would produce. explain that difference
The sum of a product's external benefits and its private marginal benefit is its marginal social benefit. It implies that the complete marginal utility of the manufacturing unit is provided to society by the marginal social benefit. MSB = MPB + External Benefits.
The happiness felt by consumers of a particular good give or take the overall social and environmental costs or benefits is known as the marginal social benefit. Marginal social gains, for instance, are greater than marginal private benefits if there are positive externalities of consumption. The portion of the marginal benefit of an activity that is received by its operators is known as the marginal private benefit.
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Complete Question:
In the lecture videos, we discovered that when an activity also produces a positive externality, the marginal social benefit (MSB) from that activity was different than the marginal private benefit (MPB) curve (the MPB is also known as our demand curve).
conflicts of interest between stockholders and bondholders are known as: question 2 options: trustee costs. financial distress costs. dealer costs. agency costs. underwriting costs.
The conflicts of interest are known as agency costs
Agency costs refer to the costs that arise from conflicts of interest between different stakeholders in a company, such as stockholders and bondholders. These conflicts can arise because the interests of different stakeholders are not always aligned, and each group may have different goals and when it comes to the management of the company. For example, stockholders may be interested in maximizing the company's profits, while bondholders may be more focused on ensuring that the company is able to meet its debt obligations.
These conflicting interests can lead to decision-making that is not in the best interests of the company as a whole, which can result in higher costs and reduced efficiency. To mitigate these agency costs, companies may implement a variety of measures, such as adopting clear and transparent corporate governance practices and implementing effective internal controls and oversight.
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what are some addiotnal concerns that the ceo should express to his vice presidents at the first meeting..?
Some of the additional concerns that can be expressed to the Vice President at the first meeting are the need to provide quality care and set standards for the health care sector.
To be the first to provide the healthcare sector with the latest advances and their implementation in the organic sector and to be the first provider of these services.To improve the profitability of the organizationProviding the most competent medical professionals to treat all types of patients in all situationsWhat should a CEO focus on?Some reasonably argue that the CEO's primary focus should be on developing and driving corporate strategy. Strategy is a key differentiator that can disrupt markets, focus investments and teams, and drive success.
What actions can be taken to improve performance?Spend your time wisely on goal-aligned tasks. Organize your notes, inbox and workspace to improve focus, motivation and time management. Take breaks throughout the day to prevent burnout. Identify motivations such as tasks, goals, and colleagues.
Question is incomplete,missing part is given below :
What are some additional concerns that the CEO should express to his vice presidents at the first meeting regarding the current problems being faced by the healthcare organization?
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1. which raw material is purchased most frequently from suppliers in arkansas (ar)? multiple choice 1 malt - barley malt - wheat hops 2. which raw material is purchased most frequently from suppliers in washington? multiple choice 2 malt - wheat malt - barley hops 3. on which day was the most malt - barley purchased from suppliers in minnesota? multiple choice 3 february 21, 2019 december 1, 2019
Malt-Barley is purchased most frequently from suppliers in arkansas. Therefore, for question 1, first option is the correct answer. Malt-Wheat is purchased most frequently from suppliers in washington. Therefore, for question 2, first option is correct. On 4, Dec, 2019 he most malt - barley were purchased from suppliers in minnesota.
One who supplies goods or services to another organisation is known as a supplier. A supplier's role in a business is to deliver high-quality goods from a manufacturer at a reasonable price to a retailer or distributor for resale.
Suppliers play a critical role throughout the product lifecycle. Companies need to collaborate closely with their suppliers to get the most out of their products, from obtaining raw materials to assisting with production ramp-up to identifying better options for raw materials as the market starts to get saturated.
For the given question, the following answers are as under:
1. Malt-Barley
2. Malt-Wheat
3. 4 Dec, 2019
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a change in all of the following variables will change the market demand for a product except
a change in all of the following variables will change the market demand for a product except the price of the product.
The total of all individual commodity demands made by buyers in the market is known as market demand. The market demand at each cost price level will rise if more consumers enter the market and have the means to buy goods that are on offer. Price is by definition the amount of money that customers must spend to obtain a good or service. Price, then, is an offer to sell something for a specific sum of money. Here, the word "offer" means that the price is liable to alter if it turns out that there aren't enough buyers willing to pay the product's original price.
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which of the following is the best descriptor of the socio-ecological approach?
The correct answer is Behaviors are influenced by interdependent domains is the best descriptor of the socio-ecological approach.
investigates the effects that environmental factors—physical, social, political, economic, and cultural—have on conditions and behavior. Personal qualities such as knowledge, attitudes, beliefs, and personality factors that affect conduct. An ecological model's core idea is that behavior is influenced on many different levels, frequently by factors that are intrapersonal (biological, psychological), interpersonal (social, cultural), organizational, local, and policy-related. The social ecology model considers many variables that might have an impact on health and conceptualizes health broadly. The World Health Organization's 1947 Constitution introduced a comprehensive definition of health that encompasses physical, mental, and social well-being (World Health Organization, 1947).
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suppose that the federal reserve has a 2% target on inflation. if actual inflation is 1%, then the fed will want the new real interest rate to be: equal to the inflation rate. lower than the neutral interest rate. higher than the neutral interest rate. equal to the neutral interest rate.
Text version of the image: Assume that the Federal Reserve has set a 2% inflation target. The Fed will want the new real interest rate to be: lower than the neutral interest rate, O equal to the inflation rate if actual inflation is 1%.
What does 2% inflation actually mean?Calculating the percentage change from a year ago is a typical practice. For instance, a price index that is 2% higher than it was a year earlier would represent a 2% inflation rate.
Why does the Fed want inflation to be 2%?Technically speaking, the majority of price indices are biased positively; 2% inflation probably represents lower "actual" inflation. The Fed can set "neutral" nominal interest rates higher with a non-zero inflation target than it could without one, giving it more leeway to lower rates when necessary to boost the economy.
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if demand for a product is elastic, which one of the following would be true? a. a decrease in price would increase total revenue. b. an increase in price would be total revenue neutral. c. a decrease in price would decrease total revenue. d. an increase in price would increase total revenue.
If demand is elastic,(A) a decrease in price will increase total revenue.
If demand is elastic at a given price level, then should a company cut its price, the percentage drop in price will result in an even larger percentage increase in the quantity sold thus raising total revenue.
Elasticity alludes to the adjustment of the purchaser's interest or the provider's capacity to create contingent upon the adjustment of the cost of a product or the pay.
At the point when the interest is versatile, individuals can change or adjust their requests right away. Thus, this truly intends that assuming that the cost of ware will be expanded, individuals won't buy that much on that item. This will then influence the absolute income of the organization. Because of low interest for the item, the absolute income will diminish.
Hence option (A) is correct.
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what are the effects on variable labor cost and on variable labor cost percentage when an operation's sales increase? a. cost of variable labor decreases and variable labor cost percentage increases b. cost of variable labor increases and variable labor cost percentage increases c. cost of variable labor decreases and variable labor cost percentage is unchanged d. cost of variable labor increases and variable labor cost percentage is unchanged
When the operation's sales increase, the cost of variable labor increases, and the variable labor cost percentage is unchanged. So option d. is correct.
Variable labor costs are costs that increase and decrease with production. One good example of a common variable labor cost is the rate of an hourly employee. Several industries rely on variable labor, especially around the shopping holidays. These include manufacturing companies, restaurants and retailers.
Another example of a varible labor cost might be the cost associated with contract workers who respond to things like equipment malfunctions or emergency repairs.
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The effects on variable labor cost and on variable labor cost percentage when an operation's sales increase is that the cost of variable labor increases and variable labor cost percentage decreases.
Variable labor cost (VLC) is the labor cost that varies as output varies. It varies with the level of production. The variable labor cost per unit of output remains the same as long as the wage rate remains constant. However, when the output increases, the variable labor cost will increase.
The variable labor cost percentage is the variable labor cost as a proportion of sales. It is calculated by dividing the variable labor cost by the total sales. Increase in sales leads to an increase in the numerator of the variable labor cost percentage, but the denominator increases more, resulting in a decrease in the variable labor cost percentage.
Therefore, when an operation's sales increase, the cost of variable labor increases and variable labor cost percentage decreases.
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the scale of output that a production facility must operate at to realize all major plant-level scale economies is called the
The scale of output that a production facility must operate at to realize all major plant-level scale economies is called the minimum efficient scale.
The minimum efficient scale (MES) is the lowest point on a cost curve at which a company can produce its product at a competitive price. At the MES point, the company can achieve the economies of scale necessary for it to compete effectively in its industry.
The minimum efficient scale (MES) is the balance point at which a company can produce goods at a competitive price. The MES is the point on a company's long-run average cost curve where economies of scale have been exhausted, and constant returns have begun. Many factors go into the MES, and each can change with time, forcing a reevaluation of overall costs.
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patriot paddleboards sells a paddleboard model that carries a one-year warranty on all included accessories. past experience indicates that 15% of those sold will have defective accessories within a year and that average repair cost is $20 per paddleboard. if 1,000 were sold this year and 50 have already been repaired under warranty, warranty expense for the year would be:
The warranty expense for the year is $3,000.
What is warranty ?A warranty is a representation that is not a requirement of the contract or an indefinite term. It is a term that is "not going to the root of the contract" and that only entitles the innocent party to damages in the event that it is broken, meaning that the warranty is false or the defaulting party does not perform the contract in accordance with the warranty's terms. An assurance is not a warranty. It's only a promise. If it is violated, it may be put into effect if damages are granted as a judicial remedy.A contract term is a warranty. A product warranty may apply to a product in a way that a manufacturer offers a warranty to a consumer with whom the manufacturer has no direct contractual relationship, depending on the conditions of the contract.
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