The correct option is C i.e., the market does not provide the ideal or optimal amount of a particular good.
What does the term "market" in economics mean?The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
What is a strong market economy sentence?New prospects have also been presented by the developing market economy. People are asked if they would rather shop in a market economy or wait in line in a command economy. A contemporary market economy cannot exist without a modern state.
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What is line item budgeting?
A. It's a system in which only the payroll is
budgeted for every month in a spreadsheet.
B. It's a system that the company uses to
keep track of all of it's heavy machinery.
C. It's a system used to document materials
for the factory that are inventoried every
year.
D. It's a system used to show every expense
or profit for the company broken down item
by item.
Answer:
D
Explanation:
line-item budget shows the comparison between the financial data for the past accounting or budgeting periods and estimated figures for the current or a future period.
the inventory manager for this product has been assuming that the demand follows a normal distribution because that is all he saw in school. how much inventory will they want to hold to ensure the same probability of meeting all demand? will this in fact ensure his desired stockout probability, given the discrete demand distribution?
Inventory control, also known as inventory management, is the process of ensuring that adequate quantities of supplies are available within an organization.
With proper internal and production controls, this practice enables the company to meet customer demand and provide financial resilience. Successful inventory management requires data from purchasing, reordering, shipping, warehousing, warehousing, receiving, customer satisfaction, loss prevention, and sales. According to the 2017 State of Small Business Report, nearly half of small businesses don't even track inventory manually.
Inventory management allows you to get maximum profit from minimum inventory investment without compromising customer satisfaction. Done right, companies can assess their current health in terms of assets, account balances, and financial statements. Inventory management helps prevent problems such as: B. Out of stock event (out of stock). For example, Walmart estimates he lost $3 billion in sales in 2014.
An integral part of inventory management is supply chain management (SCM). It controls the flow of raw materials, goods and services to the point where the company or customer consumes the goods.
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aaron would like to deposit 10% of his paycheck into a retirement account each month so that he can retire comfortably. he is choosing between putting that money into his company's 401(k) plan or his own roth ira account. which one should he use?
He should invest in a 401(k) because, unlike an IRA, which only includes the employee's contribution, the employer will frequently match (or contribute toward) the amount you donate. By making 401(k) contributions, he would thus be able to save more money (k).
What is a company's 401(k) plan?A 401(k) plan is a qualifying plan that enables employees to decide to have their company contribute a percentage of their wages to an individual account under the plan. A profit-sharing, stock-bonus, pre-ERISA money-purchase pension, a rural cooperative plan, or a pre-ERISA money-purchase pension could be the underlying plan. Despite the fact that both plans offer retirement income, the rules for how each is managed vary. Employer retirement accounts include 401(k)s. A personal retirement account (IRA) is one.Both your employees and your company can gain a lot from a 401(k) retirement plan that is sponsored by your company. Small businesses can better meet the rising standards of their workforce and keep top talent by providing 401(k) plans. The tax benefits and deductions available to businesses that provide 401(k) plans are sizable.To learn more about company's 401(k) plan refer to:
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Companies generally decide to expand globally to increase theirMultiple ChoiceO cultural competence.O diversity.O economic value creation.O reputational risk.O focus on the home market.
Typically, businesses aim to go global in order to become more culturally adept.
What does cultural competency entail?Cultural competence is the ability to recognize how your own values and cultural beliefs may contrast from those of others. To do this, you must be able to recognize and educate yourself about the varied cultural traditions of the people you work with.For instance, instructors who embrace diversity and are culturally competent understand and appreciate other histories, cultures, languages, customs, and parenting practices. esteem the variety of abilities and talents that youngsters possess. respect differences in how families conduct their home lives.When looking to develop, incorporating, and trying to assess health education and incentive schemes and interventions, cultural competence refers to the ability to recognize and acknowledge the values, mindsets, beliefs, and conventions that differ across cultures. It also refers to the ability to take the above variations into account and respond appropriately.To learn more about cultural competence refers to:
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which primary skills do companies seek in top managers? multiple select question. the ability to motivate and engage others a high level of energy eagerness to please others the ability to communicate
Some primary skills that companies seek in top managers are:
The ability to motivate and engage others.A high level of energy.The ability to communicate.What are some top managers primary skills?Management skills are a set of abilities that include business planning, decision-making, problem-solving, communication, delegation, and time management.
Some of the skills that most managers needs are
Interpersonal skills.Communication and motivation.Organisation and delegation.Forward planning and strategic thinking.Problem solving and decision-making.Commercial awareness.Mentoring. etcRead more about managers
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The primary skills companies seek in top managers is the ability to to motivate and engage others at a high level of energy. Option b
Who is a Top Manager?Top manager are managers at top level of an organization. They are elected members of the senior management of an organization, that are responsible for making or taking decision in an organization.They establishing the plans and goals and also define strategies to achieve them
Top managers establish a long-term plans to solve the problem that an organization may face in future, and also responsible for the long-term success of an organization..
Top managers mostly have the titles such as managing director, chief operating officer(CEO) or chief executive officer ,president and vice president. i
In conclusion, top managers motivates and engage their staff or employee at high level of energy for the success of the organization.
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dr. sutton-smith is conducting research in kenya into the in order to increase typing speed, minisoft inc. has redesigned its keyboard and provided a chime that is related to typing speed. the company wants to know if its innovations affect typing speed. what are the independent and dependent variables in this proposed study?ays that mothers and their toddlers interact throughout the day. given the purpose of her study, it is most likely that she is engaged in .
The independent and dependent variables in this proposed study is that the mothers and their toddlers interact throughout day.
What is a dependent variable?The dependent variable in an experiment is the one being researched or put to the test. The dependent variable in a study looking at how tutoring influences test scores would be the participants' test results since that is what is being measured. This is different from the independent variable in an experiment, which is a variable that may stand alone. The independent variable (tutoring) could change as a result of other variables, in contrast to the dependent variable (test outcomes). To help you identify the dependent variable, keep in mind that it depends on the independent variable. Researchers first measure those changes before determining if the dependent variable has changed as a result of changing the independent variable.
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In an exchange of assets, Junger Co. received equipment with a fair value equal to the carrying amount of the equipment given up. Junger also contributed cash equal to 10% of the fair value of the exchange. If the exchange is not considered to have commercial substance, Junger should recognize a. A loss equal to the cash (boot) given up. b. A loss determined by the proportion of cash paid to the total transaction value. c. A gain determined by the proportion of cash paid to the total transaction value. d. Neither gain nor loss Bell and Mayo are independent entities. Each owns a tract of land being held for development. However, each would prefer to build on the other s land. Accordingly, they agreed to exchange their land. From an independent appraisal report and the entities records, the following information was obtained: Bell s Land Cost and carrying amount: $80,000, Fair Value: $100,000. Mayo s Land Cost and carrying amount: $50,000, Fair Value: $85,000. Based on the difference in fair values, Mayo paid $15,000 to Bell. If Mayo did not consider the exchange to have commercial substance, at what amount should Mayo record the receipt of land? a $100,000 b $85,000 c $65,000 d $50,000 Delta Enterprises trades an asset that costs $55,000 and had accumulated depreciation of $37,000 for another asset with a fair market value of $20,000. The exchange is deemed to lack commercial substance. Delta pays $500 in cash. Delta s asset has a fair market value of $19,500. Compute Delta s recognized gain or loss on the exchange. a $2,500 loss recognized b $2,500 loss realized but not recognized c $1,500 gain recognized d $1,500 gain realized, but not recognized Superior Camera Shop began using the dollar-value LIFO method in 2006 when its ending inventory was costed at $50,000. The 2007 ending inventory at year-end prices was $54,000. Calculate Superior Camera Shop s ending inventory assuming 109 percent is an appropriate price index. a $54,000 b $49,541 c $49,500 d $46,000 Which of the following statements is not a probable result of a LIFO liquidation? a Cost of sales will not reflect current costs. b The ending inventory will exceed beginning inventory. c Net income will be higher. d The value of ending inventory will decline. Person Dot Company sold a delivery truck on July 1, 2005, for $5,500. The original cost of the truck was $30,000. Each December 31, Parson s recognized $4,500 of depreciation using the straight-line method. On January 1, 2005, the accumulated depreciation was $22,500. The liquidation value for the truck is $3,000 on July 1. Compute Parson s gain or loss on the sale of the truck. a $2,500 gain b $2,000 gain c $2,000 loss d $250 gain
Mayo s Land Cost = $50000, Mayo paid to Bell = $15000.
Amount should Mayo record for the receipt of land = $50000+$15000 = $65000.
How are gains and losses recorded?The carrying value of the asset is the asset's original purchase price less any accrued impairment charges and all accumulated depreciation. From the asset's sale price, deduct this carrying amount. A gain occurs if the remainder is positive. A loss has occurred if the remaining is negative.
Fair value is almost often utilized as the accounting foundation to record items received in an exchange. The new model is then reported at fair value once the old asset's book value has been eliminated from the accounts. Usually, the fair value approach will result in the realization of a gain or loss for exchanges with commercial substance.
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To address inconsistencies and weaknesses, a comprehensive revenue recognition model was developed entitled theA) Revenue Recognition Principle.B) Principle-based Revenue Accounting.C) Rules-based Revenue Accounting.D) Revenue from Contracts with Customers.
A thorough revenue recognition model known as the Revenue from Contracts with Customers was designed to overcome shortcomings and inconsistencies. Therefore, D) Revenue from Contracts with Customers is the right answer.
The accrual accounting concept of revenue recognition states that rather than when cash is received, revenues must be recognised when they are generated and realised.
Revenue recognition is a type of generally accepted accounting principle (GAAP) that outlines the specific conditions for when and how to record revenue. Revenue is often realised when an important event happens, and the firm can easily measure the financial amount. Revenue is the cornerstone of every corporate performance. The cornerstone is the sale. Regulators are aware of how enticing it may be for companies to stray from what is considered to be income, particularly when not full payment is made until the job is complete.
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which of the following is a supply-side fiscal policy that could stimulate economic growth? responses a decrease in income tax credits a decrease in income tax credits a decrease in marginal income tax rates a decrease in marginal income tax rates a decrease in the sales taxes imposed on household goods a decrease in the sales taxes imposed on household goods an increase in the discount rate an increase in the discount rate an increase in the money supply
Lowering the marginal tax rate on income is a supply-side economic measure that might promote economic expansion.
What does a supply-side fiscal strategy look like and how may it promote economic growth?The goal of supply-side fiscal policy is to improve the environment for business. Deregulation and tax cuts are its primary tools. Theoretically, businesses that gain from these regulations can increase their workforce. More demand is generated as a result of the increased employment, which helps the economy thrive.
What are the ways that supply-side policies boost economic growth?Productivity growth: Supply-side policies can boost labour productivity by lowering income taxes, expanding labour mobility, and implementing a variety of training initiatives. Overall, this raises the economy's real output.
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Which of the following BEST refers to the type of lien that affects all real and personal property of a debtor?
A.) Specific lien
B.) Voluntary lien
C.) Involuntary lien
D.) General lien
The solution is discretion. A judgement entails a widespread, illegitimate equitable claim on the debtor's real and personal belongings.
What kinds of liens are there?The three main types of liens are bank, rental properties, and tax liens. Once it comes to property, contracts must be honored. In the event that the contract is broken, the lender has had the legal right to both sell and seize the property.
The two most common types of involuntary liens are liens placed on financed automobiles and mortgages on residences.
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what is an alternative to foreclosure that has gained more popularity in recent years because of borrowers being underwater on their mortgages and only able to sell their homes for less than the amount owed?
One alternative to foreclosure that has gained more popularity in recent years is the short sale. A short sale occurs when a borrower is unable to pay the full amount owed on their mortgage and must sell their home for less than the amount owed.
The lender agrees to accept less than the full amount of the loan in exchange for relief from the mortgage debt. This allows the borrower to avoid foreclosure and the lender to recoup some of the loan losses. Short sales have become more popular due to the many borrowers who find themselves underwater on their mortgages and unable to sell for the full amount owed.
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the most significant trends in today's dynamic workplace include global competition, team-based projects, flattened management hierarchies, new communication technologies, and . a. stricter dress codes b. more homogeneous workforces c. expectations of around-the-clock availability d. fewer written messages
Some of the most important trends in today's dynamic work environment include global competition, team-based projects, flattened management hierarchies, new communication technologies, and a more homogeneous workforce.
Candidates and groups are requested to add a brief, particular, and documented description in their enterprise concept for the primary level of the opposition, that's treated on line the use of a template (on line submission form) this is to be had at the opposition website.
The primary additives of every first-level idea can be made to be had to the general public at the platform in order that ability companions and buyers can engage with them. Each idea can be evaluated on its originality, viability, and completeness in addition to its relevance to the PROMETHEUS project's desires and the wishes of the management network as expressed at the platform with the intention to decide if it advances to the second one level.
A particular marketing strategy that could bring about the improvement of a enterprise and is enough for feasible financiers can be assembled and submitted via way of means of the proposals that enhance to the second one level the use of a template as a way to be provided.
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something in the marketing environment that might affect nabisco's ability to market an oreo cookie would be:
The most well-known cookie company's strengths, weaknesses, opportunities, and threats are highlighted through our Oreo SWOT analysis. Nabisco had released a statement.
What are a few illustrations and a SWOT analysis?The term SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. There are internal strengths and flaws at your company that you may work to enhance and partially control. The people on your team, your patents, other intellectual property, and your location are a few examples.
What potential hazards and dangers exist?Opportunities are outside factors that might support your goal-achieving. You might have the chance to further your success, increase your income, or get training. Threats are external factors that you should be on the lookout for in case they stop you from reaching your objectives.
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abc ropes is interested in buying a retail store front to sell their ropes as they have previously only been selling online. abc takes a loan from the bank in order to purchase a retail space outright. abc receives a $250,000 loan from the bank to purchase their retail space. what is this $250,000 categorized as and what type of activity is it
this $250,000 categorized as Cash inflow and this type of activity is known as financing activity.
A company's cash inflow, which might come through sales, investments, or financing, is the amount of money coming into the company. Cash outflow, or money leaving the firm, is what it's reverse is called. Positive cash flow generation is a key indicator of a company's capacity to add value for shareholders. Operating, investment, and finance cash flows are the three different forms of cash flows. Any money leaving a firm is referred to as a cash outflow, to put it simply. The pay of staff, the upkeep of firm properties, and dividends that must be paid to shareholders are all clear instances of cash outflow that a wide spectrum of organisations encounter.
the complete question is:
ABC Ropes is interested in buying a retail store front to sell their ropes as they have previously only been selling online. ABC takes a loan from the bank in order to purchase a retail space outright. ABC receives a $250,000 loan from the bank to purchase their retail space. What is this $250,000 categorized as and what type of activity is it?
i) Cash Inflow, Financing Activity
ii) Cash Inflow, Operating Activity
iii) Cash Outflow, Investing Activity
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a group of farmers planned to harvest 80 acres of wheat per day to finish their work on schedule. right before the work started, they received a new piece of machinery that helped them to harvest 10 more acres per day than originally planned. on the last day before their deadline, they only had to harvest 30 acres due to their increased productivity. how many acres of wheat did the group of farmers have to harvest?
Answer: 480 acres
Explanation:
Let's say y is the amount of acres total.
x is the amount of days taken to plow.
Meaning, that 80x = y.
But y also equals 90(x-1)+30. They plowed 90 acres a day for one less day, and then on the last day, they only had to plow 30 acres.
Substitute out the y. 80x = 90x - 90 + 30
Simplify and solve: 80x=90x-60, 10x=60, x=10
Don't forget to multiply x by 80 for the total number of acres plowed.
The cash coverage ratio directly measures the ability of its ability of a firm's revenues to meet which one following obligations? A. payment to supplier B. payment to employee C. payment of interest to a lender D. payment of principle to a lender E. payment of a dividend to a shareholder
The cash coverage ratio directly measures the ability of a firm's revenues by payment of interest to a lender.
What is the cash coverage ratio?
The cash coverage ratio is a statistic that ascertains whether a company has enough cash on hand to meet its liabilities. It is a way to gauge a company's liquidity. Only cash and cash equivalents are counted in the cash coverage ratio. It excludes items like inventories and accounts receivable.The amount of cash left over after G&A and Draw (Distributions) to cover debt payment is known as Cash Flow Coverage, or CFC. Pre-debt cash flow (after G&A and Draw) can be used to determine CFC by dividing it by the debt service. McDonald's specifications specify a CFC ratio of 1.2 or higher.The liquidity of an organization is gauged by the cash coverage ratio.To learn more about cash coverage ratio refer to:
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A nation's gross domestic product (GDP): A. can be found by summing C + I + G + M B. is the dollar value of the total output produced by its citizens, regardless of what country they are living in. C. can be found by summing C + S + G + Xn D. is always some amount less than C + I + G + Xn F. can be found by summing C + I + G + Xn
A nation's gross domestic product can be found by summing C + I + G + M
What exactly does gross domestic product mean?
GDP calculates the monetary value of the final goods and services. Those purchased by the consumer, produced in a nation during a specific time period say a quarter or a year. It accounts for all the output produced inside a nation's boundaries.
What are the GDP's five key characteristics?
A nation's level of consumption, investment, government spending on goods and services, and the profit margin between exports and imports can all be included in an equation to represent GDP.
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Which one of the following items IS NOT a category/section utilized in creating a Primary Budget Template?
A. What is leftover (Deficit/ Surplus)
B. Debt
C. Spending or expenses
D. Income
When revenue surpasses spending, there is a budget surplus. A government's ability to handle its finances properly is demonstrated by a surplus.
What is the fundamental Budget Template?When revenue outpaces spending, a budget surplus results.When a government has a surplus, it has extra funds that can be invested or applied to debt repayment.The opposite of a surplus is a deficit. When spending outpaces income, the government must borrow money to pay for expenditures.The United States last had a budget surplus in 2001.The U.S. budget deficit in 2021 exceeded $2.8 trillion.If a community has a budget surplus, it might utilise that money to make renovations, such reviving a run-down park or downtown.There is a budget imbalance when expenses go over income. When there is a deficit, money is borrowed and interest is paid, much like when someone uses their credit card more than they make and pays interest on the debt.To learn more about Primary Budget Template refers to;
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What decision rule should be followed when deciding if a business segment should be eliminated? Multiple Choice
Segments generating a net loss should always be eliminated.
Segments with revenues that are more than avoidable expenses should be considered for elimination.
Incorrect Segments with revenues that are more than unavoidable expenses should be considered for elimination.
Segments with revenues that are less than avoidable expenses should be considered for elimination.
Segments with revenues that are less than unavoidable expenses should be considered for elimination.
c) Segments with revenues that are less than avoidable expenses should be considered for elimination.
A business sector is a division of a company that earns revenue by selling a product or a range of products, or by offering a service that is distinct from the company's principal emphasis.
When it comes to accounting practices using segments, the Financial Accounting Standards Board's (FASB) SFAS 131 is the primary authority. Companies having many business sectors can obtain a competitive advantage by entering markets that were previously untapped by their primary operations.
They can also increase customer loyalty by converting existing consumers into new clients for their extra business divisions. This is especially true when business sectors complement one another.
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when the personal circumstances of a client change, which asset management step does the investment professional return to?
The first step an investment professional returns to when a client's personal circumstances change is to reassess the client's risk tolerance and investment objectives.
This is because the client's personal circumstances may have changed their risk tolerance and investment objectives, which can have a significant impact on the investment strategy. The next step is to check and adjust asset allocation and portfolio diversification. This ensures that the portfolio is tailored to the client's new risk tolerance and objectives. Finally, the investment professional reviews and adjusts the individual investments in the portfolio. This ensures that investments meet the client's new objectives and are consistent with the new asset allocation and diversification.
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what is the purchases journal? what kind of transactions go in this journal? what is one example of a transaction that would go in this journal,
A wide range of buys made on credit are kept in the buys diary, including office supplies, administrations, and products procured for resale.
Any transaction went into the buys diary includes a credit to the records payable record and a charge to the cost or resource record to which a buy relates. For instance, the charge connecting with an acquisition of office supplies would be to the provisions business ledger. The diary likewise incorporates the recordation date, the name of the provider being paid, a source report reference, and the receipt number. Discretionary augmentations to this essential arrangement of data are the installment due date and approving buy request number.
Occasionally, and no later than the finish of each revealing period, the data in the buys diary is summed up and presented on the overall record. This implies that the buys expressed in the overall record are just at the most amassed level. On the off chance that an individual was investigating the subtleties of a buy, it would be important to return to the buys diary to find a reference to the source record.
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check my work (1 remaining) which of the following statements is correct? a. the real interest rate is the sum of the nominal interest rate and the inflation rate. b. the real interest rate is the nominal interest rate minus the inflation rate. c. the nominal interest rate is the inflation rate minus the real interest rate. d. the nominal interest rate is the real interest rate minus the inflation rate.
The correct statement is the real interest rate is the nominal interest rate minus the inflation rate.
What is nominal interest rate and real interest rate?Nominal interest rate is the rate of interest that is stated on a loan, investment or other financial product, not taking into account the effect of inflation. It is usually used for short-term investments and loans and does not reflect the true cost of the loan or investment.Real interest rate, on the other hand, takes into account the effects of inflation on the value of money. It is calculated by subtracting the rate of inflation from the nominal interest rate. The real interest rate reflects the true cost of borrowing or investing, and it is suitable for long-term investments and loans.The real interest rate can be used to compare different investments or loans on the basis of the true cost of each. For example, if a loan has a nominal interest rate of 5% and an inflation rate of 3%, then the real interest rate is 2%. This means that after adjusting for inflation, the borrower will be paying a true cost of 2% for the loan.To learn more about Nominal interest rate refer to:
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ron landscaping's income statement reports net income of $73,700, which includes deductions for interest expense of $10,700 and income taxes of $33,300. its times interest earned is:
Ron Landscaping's Income
Net Income: $73,700Deductios for interest expense: $10,700Income Taxes: $33,300Times interest earned:
= (Net Income + Deductions for interest expense + Income taxes) ÷ Deductions of interest expense
= ($73,700 + $10,700 + $33,300) ÷ $10,700
= 11 times
Income can be defined as a value or money that an individual or business entity receives in exchange for providing a good or service or through investing capital. The Haig-Simons model of income is often used in economics, which considers the following income: salary, wages, business profits, commissions, tips, interest from securities and bank accounts, and rental income; gifts of inheritances; transfer payments; income in kind (e.g. the value of free parking providing by an employer); the net increase in the real value of a person’s assets.
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in the large, complex firm, two main levels of strategy can be distinguished: corporate strategy and business (or competitive) strategy. [see p.18] group of answer choices true false
The corporate strategy and business unit (or competitive) strategy are the two levels of strategy that make up a diverse firm.
What is From Competitive Advantage to Corporate Strategy?Corporate strategy, or the overall plan for a diversified company, is both the darling and the stepchild of modern management practice. The darling is due to CEOs' obsession with diversification since the early 1960s; the stepchild is due to the fact that there is almost no agreement on what corporate strategy is, much less how a company should formulate it.The corporate strategy and business unit (or competitive) strategy are the two levels of strategy that make up a diverse firm. In every industry in which a company competes, competitive strategy focuses on how to get an advantage over rivals. Corporate strategy deals with two distinct issues: what businesses the firm should engage in and how the corporate office should oversee the variety of business divisions.The corporate strategy ensures that the totality of the company is greater than the sum of its constituent business units. Corporate plans have had a terrible track record. The majority of the 33 large, prominent U.S. corporations whose diversification records I investigated had unloaded far more acquisitions than they had kept, according to my research, which covered the years 1950 to 1986. Rather than generating value for shareholders, most corporations' corporate strategies have squandered it.To Learn more About corporate strategy refer To:
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you are in the process of analyzing stakeholder requirements to document project scope, milestones, and deliverables for your project charter. which activity should you perform?
Determine what requirements and deliverables are not part of the project. it is important to document any boundaries or requirements that are outside the scope of the project.
What are the Stakeholder requirements?Stakeholder requirements, also known as user needs or requirements, outline what users do with the system, including the tasks they must be able to do. Typically, narrative prose, use cases, scenarios, user stories, or event-response tables are used to record user needs.A project management technique called a stakeholder analysis is used to identify the project's stakeholders, the issues that concern them, and how the project will affect them.Focus groups are a common technique that encourages stakeholders to be more open and creative with their answers. Organizations may obtain a lot of information using this method. Surveys can be helpful for gathering requirements from stakeholders. Pick participants carefully using the required parameters.Learn more about Stakeholder requirements refer to :
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Which of the following statements is true with regard to the plantwide overhead rate method?
The rate is determined using volume-related measures.
It is logical to use this method when overhead costs are not closely tied to volume-related measures.
This method uses multiple overhead rates.
The rate is determined using measures that are not closely related to volume.
The method provides the most accurate means of allocating overhead costs.
Utilizing measurements relating to volume, the rate is calculated. When overhead expenses are not strongly connected to volume-related measurements, it makes sense to utilize this strategy.
The overhead rate approach is what?To calculate the overhead rate, divide the indirect costs by the actual costs and multiply by 100. A 20% overhead rate indicates that 20% of sales are spent on the creation of goods or the provision of services. Efficiency and more earnings are shown by a lower overhead rate.There are three ways to allocate overhead. 1) a single factory overhead rate for the whole plant; 2) different overhead rates for each manufacturing department; and 3) activity-based costingThe overhead rate is the proportion of a company's indirect expenditures, such as rent and some other administrative expenses, to its direct costs, revenue, or even other inputs, such machine hours. It gives business owners and managers an idea of indirect expenses in comparison to, say, its direct production or gross sales costs.To learn more about overhead rate method refers to:
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which of the following statements concerning ethics is accurate? question 12 options: a) ethical behavior is important to investors, creditors, and other stakeholders. b) ethics is an obstacle to financial reporting. c) ethics is separate from the generally accepted accounting principles (gaap). d) ethical behavior has a negative impact on financial results.
When making decisions, especially those involving accounting, ethics should always be kept in mind because it sometimes requires making tough decisions under pressure. important for deciding on credit and investments.
What is the simple definition of ethics?Ethics examines the rationales behind our moral judgments in order to determine what is morally right or wrong, just or unjust. More broadly, ethics takes into account a person's freedom, responsibility, and sense of justice as well as how they interact with others and the natural world.
Why is morality significant?In order to speak the truth, maintain our word, or assist a stranger in need, we must follow ethical principles. Our everyday actions are guided by an ethical framework that assists us in making decisions with beneficial outcomes.
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which of the following statements is true? group of answer choices a, b, and c employers are not concerned with determining a potential employee's productivity because they realize that they cannot accurately determine it beforehand. employers are not concerned with determining a potential employee's productivity because they know that they can train the employee after he's hired. employers are concerned with determining a potential employee's productivity due to the high costs of training new employees. employers are not concerned with determining a potential employee's productivity because they know that with experience the employee's output will increase.
Due to the high expenditures associated with training new employees, employers are concerned about determining a potential employee's productivity. The answer is option (d).
How does training improve employee productivity?Employees receive training to help them operate more productively and effectively. By receiving training, they may operate more efficiently and accomplish tasks in less time. Work completed by then will also be accurate. By lowering the number of employees or assigning more work to productive employees, a corporation can increase revenues when its people are more productive.
Less labor is needed to create the same amount of goods when employees become more efficient. The business could decide to employ fewer people in order to create the same amount of production, but if it decides to keep the same level of labor, it will gain from a rise in output.
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Rest of the option is
D). Employers are concerned with determining a potential employee's productivity due to the high costs of training new employees.
texas-based cowboy food groups has invested resources in business activities in mexico. what type of business activity does this represent?
The statement "Texas-based Cowboy Food Groups has invested resources in business activities in Mexico" represents a type of business activity known as foreign direct investment (FDI).
FDI refers to the acquisition of a foreign company or the establishment of a new business in a foreign country by a domestic company. It is a way for companies to expand their operations into new markets, gain access to new resources and technologies, and diversify their revenue streams. In this case, Cowboy Food Groups, based in Texas, is investing resources in business activities in Mexico, this means they are investing capital, technology, and management expertise in a foreign country. This type of investment can take many forms, such as building new facilities, acquiring existing companies, or forming joint ventures with local partners.
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which of the following is treated as the correction of an error and, thus, does not require consent to change accounting methods from the irs? a) a change in the treatment of any material item of income or expense b) a change from the long-term contract method to the accrual method c) adjustment of the useful life of a depreciable asset d) a change in the method used in valuing inventories
The Correct answer is Option C adjustment of the useful life of a depreciable asset
What is a Useful life for a depreciable asset?An asset's "useful life" is an accounting estimate of how long it will likely continue to be used for cost-effective revenue generating. Estimates of an asset's useful life are used by the Internal Revenue Service (IRS) to calculate how long it can be depreciated.
A number of variables, such as usage patterns, the age of the asset at the time of purchase, and technical developments, might influence usable life estimates.
The term "useful life" refers to the estimated time that various corporate assets, such as buildings, machinery, equipment, vehicles, electronics, and furnishings, will be useful. Estimates of useful life end when assets are anticipated to become obsolete, need significant maintenance, or stop producing profitable results. Depreciation schedules used to write off costs associated with the purchase of capital goods might employ the estimation of each asset's useful life, which is measured in years.
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