Express authority. The authority that an employee has in writing in the contract with the employer that the agent represents is known as express authority.
Inside the fields of sociology and political technology, authority is the valid strength of a person or organization over different human beings.[1] In a civil kingdom, authority is practiced in ways any such judicial department or a government branch of the presidency. In the exercise of governance, the authority and electricity of the phrases are erroneous synonyms. The term authority identifies the political legitimacy, which presents and justifies the ruler's right to workout the power of the presidency; and the time period power identifies the potential to accomplish an authorized intention, either by using compliance or by obedience; therefore, authority is the power to make selections and the legitimacy to make such legal selections and order their execution.
Learn more about authority here
https://brainly.com/question/17011621
#SPJ4
the presence of price controls in a market usually is an indication that select one: a. an insufficient quantity of a good or service was being produced in that market to meet the public's need. b. the usual forces of supply and demand were not able to establish an equilibrium price in that market. c. policymakers believed that the price that prevailed in that market in the absence of price controls was unfair to buyers or sellers. d. policymakers correctly believed that, in that market, price controls would generate no inequities of their own
A coverage maker is anybody who creates thoughts and plans, specially these carried out through a enterprise or government.
A mayor, a school board, a corporation's board of directors, and the President of the United States are all coverage makers. Policy refers to the plans that a government or commercial enterprise follows.
How do policymakers communicate?Be clear and concise and keep away from emotive or politicised language and explain why your lookup is relevant. Your target market may additionally no longer always be an specialist in your area so keep away from jargon and acronyms but do not down – you are speaking with intelligent people.
Learn more about policymaker here:
https://brainly.com/question/474395#SPJ4) schlosser outlines a number of ways/people/places who profit from prisons and at one point calls it big business - should states/federal government allow the use of private prisons? why/why not? (make sure to support your answer).
States/federal government should not allow the use of private prisons.
In order to operate at a lesser cost than public jails, private prisons were developed, which also reduced numerous additional costs. The number of private prisons increased significantly as more people were caught and given longer sentences for drug-related offenses.
According to research, private jails are less secure than public ones. According to estimates, there are 49% more violent incidents and guard attacks in private prisons than in public ones. Private prisons also have a 65 percent higher rate of assaults between inmates.
Privately run facilities lack MIS assistance and have much fewer staff members than publicly run jails. Additionally, they claim a noticeably greater prevalence of assaults on guards and prisoners.
To learn more about Private prisons visit: https://brainly.com/question/16901807
#SPJ4
the common stock of teak design is currently priced at $52.50 per share. one year from now, the stock price is expected to be either $54 or $60 per share. the risk-free rate of return is 4 percent. what is the per share value of one call option on teak stock with an exercise price of $55?
The per share value of one call option on teak stock with an exercise price of $55 is $0.41.
A stock, also known as fairness, is a safety that represents the ownership of a fraction of the issuing business enterprise. units of stock are referred to as "stocks" which entitles the owner to a percentage of the organization's assets and earnings identical to how a whole lot stock they very own.
A call option is a right to buy without an responsibility to shop for. So if you have a call choice on TCS then you definitely have the right to shop for TCS but no responsibility to buy TCS at a pre-decided charge.
Learn more about stocks here:-
brainly.com/question/1193187
#SPJ4
in his book, the machine that changed the world, dr. james womack of m.i.t. specified the five tenets of lean manufacturing. these include, specifying the value of each product with precision, identifying how each product acquires its value (the value stream), and which 3 other principles?
According to Womack and Jones, the following are the five essential lean standards: respect, respect, respect, pull, and flawlessness.
You can guarantee that customers receive precisely what they require while simultaneously lowering the cost of producing that product or service by reducing and terminating pointless cycles or steps.
The highly persuasive production framework TPS served as the inspiration for the Lean approach to business process management, which is based on three fundamental standards: conveying the client's respect, getting rid of waste, and consistently improving.
The following are the five principles that are regarded as a recipe for increasing workplace efficiency:
defining value, mapping the value stream, establishing flow, utilizing a pull system, and striving for perfectionLearn more about Lean here:
https://brainly.com/question/28384697
#SPJ4
which option is backed only by the reputation of the issuer? multiple choice secured bonds long-term financing debenture bonds venture capital
Debentures are only supported by the issuer's creditworthiness and reputation. Debentures are a common way for both businesses and governments to raise money.
Debenture: What is it?A debenture is a bond that is not backed by the issuing company's assets but rather simply by its good name. Investors purchase this form of bond because they think the entity, or corporation, issuing it is in good financial standing.Debentures are only supported by the issuer's creditworthiness and reputation. Debentures are a common way for both businesses and governments to raise money.There are four different kinds of debentures: first and second, convertible and non-convertible, registered and bearer, secured and unsecure, and registered and bearer.Debentures include things like Treasury bonds and Treasury bills.To learn more about Debentures refer to:
https://brainly.com/question/14301862
#SPJ4
Seybert systems accounts for its investment in wang engineering bonds as available-for-sale. seybert's balance in accumulated other comprehensive income with respect to the wang investment is a credit balance of $29,000, and seybert reports the investment as $160,000 on its balance sheet. seybert purchased the wang investment for (ignore taxes):
The cost to purchase the Wang investment is determined to be $131,000 in total.
How do you define investment?A purchase made for the purpose of earning money or appreciating in value is known as an investment. When an asset's value rises over time, this is referred to as appreciation. When someone invests in a product, their goal is to use it to build wealth in the future rather than to consume it now.
When an asset is bought with the hope of making a profit, such asset is said to be an investment. A specific rate of return can be used to measure the profit or return that an investment can provide.
Investment $160,000
Less: Unrealized gain ($29,000)
Fair value $131,000
Due to the fact that there is a credit balance. It indicates a $29,000 increase in the stock's value.
Learn more about investment: https://brainly.com/question/15105766
#SPJ4
present value. what is the most you would be willing to pay now to get $500 next year and another $500 in two years if the going interest rate for assets like that is 6%?
We know Present value=Future value/(1+r)t
present value=500/1.062=444.9982
thus the maximum amount you would be willing to pay=444.9982
The gift fee is the amount of money that ought to be invested will gain a specific destiny aim. The future fee is the dollar amount to be able to accrue over the years while that sum is invested.
The present value measures the impact of time on cash. Gift price is what an amount of cash or a sequence of cash flows paid within the future is well worth these days at a price of interest referred to as the “discount” rate. The gift fee is used to plan for monetary goals and to make investment selections.
Gift value is important because it allows traders to compare values over the years. PV can assist buyers to investigate destiny financial blessings of modern assets or liabilities. Used in areas like monetary modeling, inventory valuation, and bond pricing, based on future returns, investors can calculate the present fees.
Learn more about Present value here https://brainly.com/question/15904086
#SPJ4
evaluate and explain: a. compared to pure monopoly and pure competition, monopolistically competitive industries multiple choice 1 may earn economic profits. profits will remain constant as competitors enter, and there will be productive efficiency. may earn economic profits, but profits will diminish as competitors enter. there will be productive inefficiency. will earn economic profits. profits will remain constant as competitors enter, and there will be productive efficiency. will earn economic profits, but profits will diminish as competitors enter. there will be productive efficiency. b. true or false. in the long run, monopolistic competition leads to a monopolistic price but not to monopolistic profits. multiple choice 2 true, since p < mc, but the lack of available close substitutes pushes the price of the average firm up until it equals atc. true, since p > mc, but the availability of close substitutes pushes the price of the average firm down until it equals atc. false, since p < mc, but the lack of available close substitutes pushes the price of the average firm up until it equals atc. false, since p > mc, but the availability of close substitutes pushes the price of the average firm down until it equals atc.
In the comparison of pure monopoly and pure competition, the monopolistically competitive industries might have economic profits, they will diminish as competitors enter, and there will be productive inefficiency. The Option C is correct.
What are monopolistically competitive industries?The monopolistically competitive industries means those industries that contain more than a few firms, each of which offers a similar but not identical product. The fast food market is an example because the fast food market is quite competitive and yet each firm has a monopoly in its own product.
In the long run, the monopolistic competition leads to a monopolistic price but not to monopolistic profits, the statement is true since P > MC, but the availability of close substitutes pushes the price of the average firm down until it equals ATC. The Option A is correct.
What is a monopolistic competition?A monopolistic competition occurs when many companies offer a competing products or services that are similar but not perfect or substitutes one. The barriers in a monopolistic competitive industry are low and the decisions of any one firm do not directly affect its competitors.
Read more about monopolistic competition
brainly.com/question/2891218
#SPJ1
which term refers to the process of ensuring employees' activities and outputs match an organization's goals?
Performance Management refers to the process of ensuring employees' activities and outputs match an organization's goals.
An organization is a collection of individuals who work collectively, like a community association, a charity, a union, or a company. you may use the phrase company to refer to institution or commercial enterprise, or to the act of forming or establishing some thing.
An enterprise is an official institution of humans, for instance a political birthday celebration, a enterprise, a charity, or a membership. maximum of those specialised faculties are supplied by using voluntary organizations. ... a document by means of the worldwide Labour employer. Synonyms: organization, enterprise, party, body greater Synonyms of business enterprise.
Learn more about organizations here:brainly.com/question/19334871
#SPJ4
what type of utility is practiced by those companies who allow marketers to have a voice in product design and identifying features customers want?
Form utility Companies that permit marketers to have a say in product creation and identifying features customers want engage in this form of utility.
Utility in marketing refers to how a product can benefit customers in a way that persuades them to buy it. The concept of marketing utility holds that the greatest method to persuade a customer to buy a product is to demonstrate how the product could enhance their quality of life.
Consumers enjoy owning a thing because it gives them the freedom to use it as intended or in a new way. This value is known as possession utility.
Variety of utilities. Form utility, place utility, time utility, and possession utility are the four main categories of utility. These services have an impact on a person's product purchase choice.
Read more about companies customers at
https://brainly.com/question/24570040
#SPJ4
In the context of forecasting errors, _____ eliminates the measurement scale factor.
In the context of forecasting errors, b. mean absolute percentage error eliminates the measurement scale factor.
In the field of business, mean absolute percentage error can be described as a statistical method to analyze the percentage accuracy of a forecast in business.
The mean absolute percentage error helps in minimizing the measurement scale factor as by knowing the mean absolute percentage error, a businessman can understand the changes he needs to implement to the scale factor. The different measures can be predicted and eliminated through the mean absolute percentage error.
Although a part of your question is missing, you might be referring to this question:
In the context of forecasting errors, _____ eliminates the measurement scale factor.
a. mean absolute deviation
b. mean absolute percentage error
c. normalized mean signed deviation
d. normalized root mean square error
To learn more about mean absolute percentage error, click here:
https://brainly.com/question/28175677
#SPJ4
a place where people can go to enjoy not only gambling but also find a hotel room, food and beverage, retail shops, entertainment, or even a spa is called:
A place where people can go to enjoy not only gambling but also find a hotel room, food, and beverage, retail shops, entertainment, or even a spa is called the casino industry. Thus the correct option is D.
What is gambling?Gambling is defined as the act of risking anything of value on the outcome of a game while being aware of the risk and hoping to benefit. One is either inclined to gamble addiction or not; there is no one specific cause.
A casino is a location or a structure where people can meet to participate in specific gambling activities. It is a location where people can cash in on their gaming endeavors. A hotel room, food, and drink, retail stores, entertainment, or even a spa can all be found there.
Therefore, option D is appropriate.
Learn more about the casino industry, here:
https://brainly.com/question/16346880
#SPj1
The complete question is probably
A place where people can go to enjoy not only gambling but also find a hotel room, food and beverage, retail shops, entertainment, or even a spa is called:A) gaming entertainment industry B) the food and lodging industry C) a shopping mall D) the casino industry
refer to the diagram. an industrial (inclusive) union could increase employment in this labor market:
In this labor market, an industrial (inclusive) union might boost employment by negotiating any wage rate between W1 and W4.
What is employment?Employment is a partnership between two people that governs the delivery of compensated labor services.
One party, the employer, who may be a company, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in accordance with the terms of a contract in exchange for doing the job that has been allocated to them.
Employees perform work in exchange for pay, which may be made in the form of an hourly wage, piecework compensation, or an annual salary, depending on the nature of the work performed, the industry conditions in effect, and the bargaining power of the parties.
In some industries, employees could get stock options, bonuses, or gratuities.
According to the given diagram, in this labor market, an industrial (inclusive) union might boost employment by negotiating any wage rate between W1 and W4.
Therefore, in this labor market, an industrial (inclusive) union might boost employment by negotiating any wage rate between W1 and W4.
Know more about employment here:
https://brainly.com/question/1446509
#SPJ4
fiddlestix company has experienced rapid growth over the past year. during the annual company meeting, employees expressed frustration regarding their responsibilities. many of the employees are confused as to which employees are responsible for which task and when they are expected to complete them. the assignment of work to subordinates is referred to as
Implement a hierarchy of authority is the ask and when they are expected to complete them. the assignment of work to subordinates is referred to as. Hence, option D is correct.
What is hierarchy of authority?For instance, an accounts receivable associate reports to the accounting manager, who in turn reports to the operations manager. If the accounts receivable system consistently produces erroneous data, you can use the chain of command to determine who is responsible.
The arrangement of members is called an authority-based membership hierarchy. This hierarchy includes everyone from entry-level employees to senior managers or executives.
Thus, option D is correct.
For more information about hierarchy of authority, click here:
https://brainly.com/question/9207546
#SPJ1
The options are missing-
a) Switch, from a wide to a narrow of control for managers
b) allow workers to specialist in multitasking
c) eliminate the chain of connect Within the organization
d) implement a hierarchy of authority
Marketing attention in the ________ stage of the product life cycle is often directed toward holding market share through further product differentiation and finding new buyers and uses.
Answer: maturity stage
norma installs a new motor in its manufacturing equipment. the new motor is expected to increase output by 20%. the cost of the new motor should be capitalized because it:
The cost of the new motor should be capitalized because due to the rapid expansion in the construction of new jails and prisons and the lack of knowledge regarding the building materials, machinery, and systems that should be used.
What is capitalization?Capitalization is an accounting technique in which a cost is added to the value of an asset and deducted during the asset's useful life as opposed to being deducted at the time the cost was spent. Market capitalization is also used to describe the total market worth of a firm and is calculated by multiplying the number of outstanding shares by the share price. A cash outlay is recognised as an asset on the balance sheet rather than as an expense on the income statement by using the accounting principle known as capitalization. Capitalization is a numerical evaluation of a company's capital structure in finance.
To learn more about capitalization, visit:
https://brainly.com/question/7672602
#SPJ4
1 point suppose investment spending increases by $50 billion, and as a result the equilibrium income increases by $200 billion. the value of the mpc is:
The value of the MPC is 0.75.
What is MPC?The premise that an increase in personal consumer expenditure (consumption) occurs with an increase in disposable income is known as induced consumption, and the marginal propensity to consume (MPC) is a statistic that quantifies it (income after taxes and transfers). Propensity to consume is the percentage of disposable income used for consuming by an individual. MPC is the portion of increased income that a person spends on consumption. A household will spend 65 cents of an additional dollar of disposable income and save 35 cents, for instance, if the marginal propensity to consume is 0.65. Obviously, the household can only spend the additional dollar (without borrowing). The MPC is higher for poorer people than for wealthier people.
To learn more about marginal propensity to consume, visit:
https://brainly.com/question/29035456
#SPJ4
georgetown leasing leased a car to a customer. georgetown will receive $150 a month, at the end of each month, for 48 months. use the pv function in excel to calculate the answers to the following questions 1. what is the present value of the lease if the annual interest rate in the lease is 12%? 2. what is the present value of the lease if the car can likely be sold for $3,000 at the end of four years?
If the car may likely be sold for $3,000 at the end of the lease's four years, the present value of the lease payment is $4,577.2409.
At the end of each month, you must pay $150.
The total number of months is 48, or 4 years.
The annual compounded rate is equal to 12%.
Let The payment at the end of 48 months is equal to the present principle value, or P, which is $150. 150 dollars multiplied by 48 months equals 7,200 dollars.
Now, using the compound approach
The amount at 48 months is equal to the present value.
So , $ 7200 = P × (1+12/100)^4
Or, $ 7200 = P × (1.12)^4
So , $ 7200 = P × 1.573
∴ P = = $ 4,577.2409
Hence The lease payment's present value is $4,577.2409.
To know more about the present value visit here :
https://brainly.com/question/13904825
#SPJ4
which type of company is best-suited for contracting out manufacturing in an effort to reduce economic exposure as the result of exchange rate movements?
A textile company is the kind of business that is best suited for outsourcing manufacturing in an effort to lessen economic exposure to fluctuations in exchange rates.
How is business impacted by exchange rate volatility?Competition may be impacted by exchange rate fluctuation. A decline in the number of imports may result from the local currency's depreciation making importing items more expensive. As a result of higher sales, profitability, and employment, domestic enterprises should profit from this.
In what ways is manufacturing impacted by currency rates?The proportion of imported inputs in total inputs and the pace at which imported and locally produced inputs are substituted determine how much the exchange rate affects a manufacturing activity's ability to compete and how profitable it can be.
Learn more about exchange rate: https://brainly.com/question/13717814
#SPJ4
reluctance to hire people in uncertain economic times is partially because there are high costs to terminating employees caused by:
Reluctance to hire people in uncertain economic time is partially because there are high costs to terminating employees caused by the loss of investment in training an employee.
Another reason for such reluctance in hiring is lawsuit for wrongful termination.Over the past five years, uncertainty has emerged as a major theme. Business executives have expressed uncertainty about a variety of issues, including the European fiscal crisis, the debt ceiling, the elections, the recovery from the recession, and the fiscal stimulus initiatives.
Their major concern right now is the so-called "fiscal cliff," a combination of tax increases and expenditure cuts totaling $600 billion that are scheduled to go into effect in 2013 if Congress and the Obama administration cannot come to an agreement.
Business owners are concerned that they will have to pay more taxes, while investors are apprehensive that higher capital gains taxes will cause them to suffer financially.
To know more about reluctance to hire:
https://brainly.com/question/14928526
#SPJ4
a hotel and resort company launched a new employee program that includes intensive training in different service encounter scenarios. this training program is most likely designed to lessen the problems related to the characteristic of services
This training program is most likely designed to lessen the problems related to the inseparability characteristic of services.
Intangible services are defined as many services lacking physical characteristics so that consumers cannot assess the value they derive from consuming such services with tangible evidence relating to the likely consequences of such services. It refers to the fact that it cannot be evaluated.
Services are closely related to production as they are usually produced and consumed simultaneously. Due to their inviolable nature, it is difficult for customers to evaluate our services before purchasing them. Customers must place a certain level of trust in their service provider to deliver service in a manner that meets or exceeds these promises.
Learn more about Intensive training here:- https://brainly.com/question/26805967
#SPJ4
uppose the central bank pursues an unexpectedly tight monetary policy. in the short-run the effects of this are shown by a. moving to the right along the short-run phillips curve. b. shifting the short-run phillips curve to the right. c. shifting the short-run phillips curve to the left. d. moving to the left along the short-run phillips curve.
Suppose the central bank pursues an unexpectedly tight monetary policy. in the short run, the effects of this are shown by Moving to the right along the short-run Phillips curve.
Monetary policy is the policy of a country's monetary authority to control either the interest rate on very short-term borrowings or the money supply, often in an attempt to reduce the money supply.
The Fed has traditionally used three tools to conduct monetary policy: reserve requirements, discount rates, and open market operations. Monetary policy refers to the measures taken by a country's central bank to control the money supply for economic stability. For example, policymakers manipulate the money supply to increase employment, GDP, and price stability using instruments such as interest rates, reserves, and bonds.Learn more about monetary policy here: https://brainly.com/question/1176580
#SPJ4
whenever the additional revenue from the last unit of output exceeds the additional cost of that unit, a profit-maximizing firm should
Whenever the additional revenue from the last unit of output exceeds the additional cost of that unit, a profit-maximizing firm should produce more in order to increase profits.
Revenue is the entire quantity of earnings generated through the sale of goods and services related to the primary operations of the business. industrial revenue will also be called income or as turnover. some corporations acquire sales from interest, royalties, or different fees.
Revenue is the total amount of income generated by means of the sale of products or services associated with the enterprise's primary operations. revenue, additionally known as gross sales, is regularly known as the "top line" because it sits on the pinnacle of the profits declaration.
Learn more about revenue here:https://brainly.com/question/16232387
#SPJ4
What will happen to the amount of interest you owe as you pay down a loan?
A: It will stay the same
B: It will not need to be paid
C: It will continue to decrease
D: It will continue to increase
Answer:
C: It will continue to decrease
Explanation:
Answer: C
Explanation:
The answer is C because -once you pay what you owe, the money you owe will start to decrease because you have already paid some of the loan back.
changes in the value of a financial position created by foreign currency changes between the establishment and the settlement of a contract is called
Transaction exposure refers to variations in a financial position's value brought on by foreign exchange fluctuations between the contract's establishment and settlement.
Transaction exposure refers to the level of risk that companies involved in international trade face as a result of currency fluctuations. A high level of exposure to exchange rates can lead to significant losses, despite the fact that steps can be taken to reduce those risks.
This exposure arises from the variation in foreign exchange rates between the booking and settlement dates of a transaction.
Learn more about Transaction exposure here:
https://brainly.com/question/27961879
#SPJ4
which of the following is not an advantage of private debt over public debt? group of answer choices it does not dilute the ownership of a firm. it is liquid. it need not be registered with the u.s. securities and exchange commission. it has to have interest and principal payments made upon it.
The statement that is not an advantage of private debt over public debt is it has to have interest and principal payments made upon it.
Non-public debt refers to loans to groups that are not supplied by means of banks or public markets and alternatively are supplied by way of personal investors and personal markets. The demand for non-public debt has grown since the 2008 financial crisis as banks have decreased their lending hobby (especially to SMEs).
Private debt also sits higher within the capital shape than equity while imparting lower volatility and income-primarily based returns. Given issues over inflation and rising interest rates, the floating-charge nature of private debt is every other factor that could make it an appealing asset magnificence.
There can be two alternatives open to you with regard to selling your personal debt. One is to promote it outright, which could result in you now not receiving the overall amount of cash owed to you, simplest the amount that the debt collection corporation pays for the debt.
Learn more about private debt here https://brainly.com/question/1222561
#SPJ4
brokers who charge low overheads, low fees and commissions but offer no additional services other than executing trade transactions are called .
Discount brokers are those who don't provide any additional services besides executing trade transactions and charge low overhead, low fees, and commissions.
A stockbroker who executes buy and sell orders for little or no commission is known as a discount broker.
Discount brokers do not offer the same level of counseling or advice regarding investments as full-service brokers do.
A sizable portion of the fintech market is made up of discount online brokers. Discount brokers often only fill client orders, but do so at a lower cost. These brokers don't provide their clients with individualized consultations, recommendations, research, tax preparation, or estate planning services. Discount brokers may charge less because they do not offer these services and do not have to spend money making transactions with wealthy clients.
Learn more about discount broker at
https://brainly.com/question/13480224?referrer=searchResults
#SPJ4
mr. magic has a monopoly on magic hats. the large barriers to entry in the magic hat industry are the reason why mr. magic's monopoly:
Mr. magic has a monopoly on magic hats. the large barriers to entry in the magic hat industry are the reason why mr. magic's monopoly: earns an economic profit in the long run.
Monopoly is a scenario wherein there is a unmarried seller inside the market. In traditional economic analysis, the monopoly case is taken because the polar opposite of best competition.
A monopoly is a company who is the sole seller of its product, and in which there are no close substitutes. An unregulated monopoly has market energy and can have an impact on charges. Examples: Microsoft and home windows, DeBeers and diamonds, your neighborhood herbal gasoline agency.
Learn more about monopoly here:https://brainly.com/question/13113415
#SPJ4
Businesses that use a __________ strategy focus on a narrow market segment or niche.
The 'focus' strategy involves focusing on a narrow, defined segment of the market, also called a 'niche' segment.
What is focus strategy?A focus strategy is a way to create, advertise, and sell goods to a certain niche market, which could be a particular customer group, product line, or geographic region. A focus strategy would be centered on the development of marketing strategies for your business while attempting to forge new connections with your target market.Focus is a tactic that allows a business to control a niche. Your business focuses on a specific area of the market through the use of a focus strategy. Businesses that use a focus strategy are aware of the dynamics and particular customer requirements of their market niche.To learn more about focus strategy refer to:
https://brainly.com/question/29317173
#SPJ4
if the marginal order cost exceeds the marginal carrying cost of inventory, then the firm: multiple choice should increase its order size. has minimized its total carrying costs. has maximized its order costs. should decrease its order size.
If the marginal discount in order expenses exceeds the marginal carrying fee of inventory, then: A) the firm has maximized its order costs.
What is carrying value in inventory management?The definition of inventory carrying cost is simply the costs a corporation incurs to hold stock items over a period of time before they are used to fill orders. With environment friendly inventory administration processes, a business can preserve carrying fees nearer to 15% of total stock and maximize profits.
How can stock carrying fee be calculated for a specific product?To decide stock carrying costs, first add up the expenses outlined above—capital, storage, labor, transportation, insurance, taxes, administrative, depreciation, obsolescence, shrinkage—over one year. Then divide those carrying expenses via complete stock price and multiply the number by way of 100 for a percentage.
Learn more about inventory management here:
https://brainly.com/question/13439318#SPJ4