By connecting their incentive systems to their control systems, firms try to manage the behaviour of their workforce or strategic planning.
Strategic Planning
Strategic management is the process of establishing rules, procedures, and goals to improve a company's or organization's competitiveness. The main focus of strategic management is on effectively allocating resources and staff to achieve these goals.
The benefits of strategic management are typically seen as both financial and non-financial. A key duty of a board of directors is carried out via a strategic management process, which aids a business and its leadership in thinking about and making plans for the future.
The organization's and its employees' direction is established by strategic management. Effective strategic management continuously prepares, monitors, and tests an organization's activities in contrast to static strategic plans, increasing operational effectiveness, market share, and profitability.
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a cost incurred for the benefit of more than one cost objective is a. a variable cost. b. a conversion cost. c. a prime cost. d. a common cost.
A cost incurred for the benefit of more than one cost objective is a (D) common cost.
What is a common cost?A cost that cannot be linked to a particular cost object, like a product or process, is referred to as a common cost. When a typical production expense arises, it is accounted for in factory overhead and distributed among the output units.A cost that is incurred to further more than one cost aim is referred to as a common expense.Some common expenditures could be associated with items that are used by numerous departments. One product that many people in a company might depend on is office supplies, yet this is unrelated to the creation of any one particular commodity or activity within a department. Printers, pens, and paper are a few examples of this category of usual expense.Therefore, a cost incurred for the benefit of more than one cost objective is a (D) common cost.
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in a monopolistically competitive market structure, because each good sold in the market is firm is considered a .
In a monopolistically competitive market structure, because each good sold in the market is slightly different , firm is considered a price maker .
What Is Monopolistic Competition?
Monopolistic competition arises when numerous businesses provide rival goods or services that are comparable but imperfect replacements. Entry barriers are low in monopolistic competitive industries, and decisions made by one firm do not directly affect those of its rivals.Why is monopolistic competition used as a market structure example?
Monopolistic competition is a market arrangement in which numerous businesses manufacture comparable but distinct goods. This form of market competition, according to economic theory, lies somewhere between monopoly and perfect competition. When one company has complete control over the market and sets the price, a monopoly results.Learn more about Monopolistic Competition
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type cat /etc/passwd at the prompt to answer the following questions: what is the uid for the schawla user account?
The UID for the schawla user account is 509. The idea was formalized early in the incident of data processing and information arrangements.
A unique identifier(UID) is an identifier that is insured expected singular between all identifiers used for those objects and for a distinguishing purpose. A user account is a similarity built for one in a computer or calculating arrangement.
User accounts can too be created for tool individuals, to a degree duty accounts for running programs, system accounts for freezing whole files and processes, and root and chief accounts for order presidency. Standard User accounts are for common computing. Administrator reports supply ultimate control over a calculation, and should only be secondhand when unavoidable.
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as soon as he saw one, jose wanted a flat-screen television, but he was worried about making the wrong choice. he waited until there were alternatives in the market with lower prices and improved quality. jose is part of the ________diffusion of innovation group. early majority early adopter laggard innovator late majority.
As Jose waited until there were alternatives in the market with lower prices and improved quality, then, he is part of the early majority diffusion of innovation group. The Option A is correct.
What are the Early majority?Basically, an early majority refers to a stage in the diffusion of a new technology that represents the first sizable segment of a population to adopt the innovation. These group majority often occurs when a first mover sees initial success by grabbing market share before competitors enter.
Jose is an example of an early majority because he had to wait until there were alternatives in the market with lower prices and improved quality.
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Why is it important to dress correctly for work?
Answer:
It is important to dress correctly for work to give a proper and professional impression to your coworkers, thereby increasing the respect they have for you. Not just that, but the way a person dresses affects their confidence. So dressing correctly would boost your confidence as well.
For professional viewing
Explanation:
fireball company has fixed operating costs of $120,000 and fixed financing costs of $120,000. fireball's variable costs are $4 per unit of output. if fireball sells 200,000 units for $5 each, it will generate:
The fireball company has fixed operating expenditures of $120,000 and fixed finance costs of $120,000. The variable costs for fireball are $4 per unit of output. If Fireball sells 200,000 units at $5 each, it will generate an operating profit but a net loss.
What is company?The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.
According to the company was the fixed in the operating expenditures and the fixed finance costs of $120,000. There was the shown in the operating profit of the company but, the net loss.
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If the manager of pep zone wants the probability of a stockout during replenishment lead-time to be no more than 05, what should the reorder point be?
The reorder point should be,
From the standard normal table, the indicated z score for the area of 0.0500 subtract from 1, and the indicative area of 0.9500 is 1.645.
x = μ+ (2xσ)
=15+ (1.645×6)
= 24.87
The reorder point should be 24.87
An economic order quantity should assist in identifying what will be the best most fulfilling order quantity at the business enterprise's lowest rate. Much like EOQ, the reorder point will recommend when to place an order for specific products based on their ancient call.
Small corporations can use the reorder point formulation to calculate when gadgets want to be replenished before their inventory ranges hit 0. Using this stock management device can help keep away from an unwanted out-of-stock message for your clients, that may frequently be disruptive to their purchasing experience.
The reorder point (ROP) is the minimal stock or inventory degree for a particular product that triggers the reordering of more inventory while reached. While calculating the reorder points for special SKUs, the lead time it's going to take to refill inventory is factored in to ensure inventory tiers don't attain 0.
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where are the notice documents that inform the public of upcoming projects found? group of answer choices posted electronically on construction project lead services newspapers trade magazines written on the blackboard
While newspapers and trade magazines may also issue these adverts, electronic postings through construction project lead services are the norm.
An invitation to tender is the announcement used to let the public know about upcoming construction projects. An advertisement for bids serves as the notice document used to notify the public about upcoming construction projects. Although they may also appear in trade publications and newspapers, these advertisements are typically posted electronically through construction project lead services.
The contractor will be informed when construction can begin in the notice to proceed. Two sets of construction drawings that contain every detail of the final design must be produced by the architect. The construction set is a particular set of blueprints.
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carlson company is considering replacing equipment that has a current book value of $600,000. new equipment costs $500,000, and the old equipment can be sold for $400,000. what is the sunk cost in this situation?
The total amount of sunk costs in this scenario is $500,000 (Current value $600000 - New equipment cost $500000 = $100000 + Old equipment $400000 = $500000.
Money that has already been spent and cannot be recouped is known as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money." A sunk cost is distinct from potential future expenses a company might incur, like choices regarding the price of products or the cost of purchasing inventory.
Sunk costs and prospective costs future expenses that could be avoided if action is taken are contrasted.
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generally, the prices of single-family houses: group of answer choices tend to rise over time, thereby acting as a hedge against inflation tend to be countercyclical, thereby acting as a hedge against the business cycle. remain constant over time. rise less than the consumer price index. always increase in value.
The prices of single-family houses tend to rise over time, the rate of inflation is a good estimate for the rate of increase, thereby acting as a hedge against inflation.
The rate of increase in prices for goods and services is referred to as inflation.Demand-pull, cost-push, and built-in inflation are the three forms of inflation that are occasionally distinguished.The Consumer Price Index and the Wholesale Price Index are the two inflation indexes that are most frequently used.Depending on one's perspective and the rate of change, inflation can be seen as either good or bad.Those who own physical assets, such as real estate or stocks of goods, could benefit from inflation since it will increase the value of their holdings.With regard to a wide range of goods and services, inflation seeks to assess the overall effect of price fluctuations. It enables the representation of the rise in the price of goods and services over time in an economy as a single value.Learn more about Inflation, here
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cash ? accounts receivable $ 10,000 supplies inventory $ 4,400 equipment $ 43,500 accumulated depreciation $ 17,600 accounts payable $ 3,700 common stock $ 5,000 retained earnings ?
The company's balance sheet will have Cash of $21,200.
What is balance sheet?A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity as of a particular date. For calculating investor return rates and assessing a company's capital structure, balance sheets serve as the foundation. A company's balance sheet, or statement of financial position, gives a quick overview of the assets and liabilities of the business as well as the amount of shareholder investment. In order to perform fundamental analysis or determine financial ratios, balance sheets can be used alongside other significant financial statements. A company's financial situation as at a particular point in time is outlined in the balance sheet. On its alone, it is unable to convey the trends that are manifesting over a longer time frame.
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grace owns a large manufacturing firm. she is competitive, nearly always angry, and constantly in a hurry to get things done. grace's greatest risk for heart disease is
Grace owns a large manufacturing firm. she is competitive, nearly always angry, grace's greatest risk for heart disease is her anger.
Producing items through manufacturing involves putting labor, equipment, tools, biological or chemical processes, or formulation, to use. Selling fundamental products to manufacturers for the production of things like cars, airplanes, or home appliances can be considered manufacturing. Alternatively, manufacturing can refer to the large-scale transformation of raw materials into completed goods.
Through manufacturing engineering or the manufacturing process, raw materials are turned into final goods. Product design and material selection come first in this phase. The components are altered during the numerous production stages to produce the end product.
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What is the economic wealth gap?.
Economic wealth gap is a social phenomenon that refers to the unequal distribution of wealth among different groups in a society
What is the economic wealth gap?The disparity of total assets between racial and ethnic groups is known as the economic wealth gap. This economic wealth gap is a result of the historical generational accumulation of assets as well as difference in income . Economic wealth gap is because of a number of things, such as historical racial segregation, governmental policies, a stagnant minimum wage, outsourcing, globalization, advancements in technology, and the declining influence of labour unions.More than any other major developed country, the United States has a widening wealth gap between the rich and the poor. The unequal distribution of wealth among various groups in a society is known as the economic wealth gap, which is predominantly considered as a social phenomenon.To learn more about assets, refer:
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if the u.s. patent office were to issue a patent for a new type of tomato that tastes like a jellybean, it would be issuing a patent?
if the U.S. patent office were to issue a patent for a new type of tomato that tastes like a jellybean, it would be issuing a plant patent .
What is plant patent ?
A plant patent is given by the American government to an inventor (or the inventor's heirs or assigns) who has created or discovered a brand-new variety of plant through asexual reproduction, as opposed to a plant that was grown from a tuber or one that was found in an uncultivated state.What distinguishes a trademark from a plant patent?
Contrasting a trademark with a patent, a plant patent has a 20-year lifespan and cannot be extended. It's possible to trademark or not an invention of a plant. Using a trademark vs a cultivar Trademarks cannot identify a specific cultivar; they can only be used to identify the origin of the plant (such as the name of the nursery where the plant was first grown).Learn more about plant patent
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how is it possible that a firm has a roa that is equal to the one from the industry but has a profit margin below the industry average?
For a firm to have a ROA that is equal to the one from the industry but has a profit margin below the industry average, it is possible when its total assets turnover must be above the industry average. (Option A)
Return on assets (ROA) refers to a financial ratio that specifies the profitability of a company in regard to its total assets calculated by dividing the net income by the average total assets. On the other hand, profit margin is a profitability ratio that is used to determine the degree to which a company or a business activity generates revenue i.e., what percentage of sales are turning into profits. The ROA and profit margin both are used to determine the efficiency of a company in relation to its assets and expenses. However, ROA concentrates on total net income and profit margin focuses on net income after taxes.
The asset turnover ratio assesses the company's assets efficiency in generating sales or revenue comparing the dollar amount of sales (revenues) to its total assets as an annualized percentage. Hence, despite having a profit margin lower than the industry’s average, if the ROA is equal to the industry average, it means that company’s total assets turnover is above the industry average.
Note: The question is incomplete as it is missing options. The options are a. Its total assets turnover is above the industry average. b. Its total assets turnover is below the industry average. c. Its TIE ratio is below the industry average. d. Its ROA equals the industry average. e. Its total assets turnover equals the industry average.
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when the consumer price index increases from 100 to 120 a. more money is needed to buy the same amount of goods, so the value of money rises. b. more money is needed to buy the same amount of goods, so the value of money falls. c. less money is needed to buy the same amount of goods, so the value of money rises. d. less money is needed to buy the same amount of goods, so the value of money falls.
The right response is choice (b). When the consumer price index rises from 100 to 120, more money is required to purchase the same amount of products, decreasing the purchasing power of money.
What occurs if the consumer price index increases?A rise in the CPI indicates that there has been an increase in the average change in price over time. Eventually, this results in changes to the cost of living and income (presumably so that income is adjusted to meet a higher cost of living).
The average family must spend more money to maintain the same level of life as before the increase in the consumer price index. The consumer price index compares the price of an assortment of goods and services to the price of the same assortment in the base year.
What leads to an increase in the consumer price index?Inflation may come from price increases resulting from growing manufacturing costs, such as those for labor and raw materials. Inflation can result from rising demand for goods and services because consumers are willing to pay more for the product.
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In the eller college website redesign process, tasks such as competitive analysis, creating a project plan and assessing as-is capbilities using web surveys were performed during which phase of the project?.
'In the eller college website redesign process, tasks such as competitive analysis, creating a project plan, and assessing as-is capabilities using web surveys were performed during the phase of the project Defining the Redesign (Phase 1).
A competitive analysis is a strategy that involves researching the main competition to benefit insight into their products, sales, and marketing procedures. Implementing more potent enterprise strategies, keeping off competitors, and capturing marketplace percentage are just a few blessings of carrying out an aggressive market analysis.
The cause of a competitor evaluation is to apprehend your competitors' strengths and weaknesses in evaluation on your own and to discover a hole inside the market. A competitor evaluation is critical because: it'll assist you to recognize how you may beautify your own enterprise approach.
A competitive evaluation is a type of market study that identifies your competitors, their strengths and weaknesses, the techniques they're using to compete with you, and what makes your commercial enterprise-specific.
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ron egan, cfa, classifies firms in the transportation industry in peer groups that include airlines and bus operators. egan learns that one of the airlines, acme, derives half its revenue from its acme bus lines subsidiary. egan adds acme to his peer group for bus operators while continuing to include acme in his peer group for airlines. is egan's treatment of acme appropriate?
Yes. Peer groups should include comparable companies with similar business activities. An analyst can correctly assign a company to multiple peer groups if the company's business activities can be compared with companies in more than one peer group.
The definition of business is an organized individual activity to produce and sell goods and services in order to make a profit in meeting the needs of society. The business concept is the fundamental idea behind a business. Based on this concept, entrepreneurs can develop a business model, business plan, and vision and mission of the business. Basically, the main goal of all businesses is to make a profit by producing and selling goods or services needed by society.
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firms in monopolistic competition produce goods with . multiple select question. no fear of losing market share to new firms varying degrees of customer service slightly varying physical characteristics standardized qualities
Businesses engaged in monopolistic competition produce goods with marginally different physical qualities and various levels of customer service.
How does the monopolistic competition work?Monopolistic competition arises when numerous businesses provide rival goods or services that are comparable but imperfect substitutes. Entry barriers are low in monopolistic competitive industries, and decisions made by one firm do not directly affect those of its rivals. Pricing and marketing choices are how the rival companies set themselves apart.
Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which combines aspects of both and entails businesses with similar but distinct product offerings.
Examples of industries with monopolistic competition include dining establishments, hair salons, home goods, and apparel. Many rival businesses sell, market, and charge for goods like dish soap and hamburgers.
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is the streamlining of production by eliminating steps in the production process that do not add benefits that customers are willing to pay for.
The goal of lean manufacturing is to streamline production by getting rid of steps that do not add value that customers are willing to pay for.
Lean manufacturing is a production method that primarily attempts to reduce the amount of time spent in the production system as well as the reaction times from suppliers and customers. It shares many similarities with the notion of just-in-time manufacturing.
Lean manufacturing improves efficiency and lowers waste while increasing output. There are many benefits as a result, including increased productivity and greater product quality, which free up staff and resources that would have been used for innovation and quality control.
Lean manufacturing can be used by any company to navigate difficult times. By establishing a seamless flow of people, resources, and information, lean manufacturing gives firms a method to cut costs, eliminate waste, increase productivity, uphold high standards of quality, and still earn a profit.
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Economists that do not believe in market failures or that believe the government is not the appropriate entity to intervene when market failures occur, are _____.
People who disagree with market failures or who believe that the government shouldn't intervene when they happen are known as public choice economists.
What do economists mean?An economist investigates the relationship between a society's resources and its output or production. Researchers in the field of economics study a range of social systems, including small towns, entire nations, and even the global economy.
Work done by economists:Economists gather and analyze data, look into trends, and assess economic issues in order to study the production and distribution of resources, goods, and services.
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are those costs that the profit center manager can influence in approximately a year or less.b) are those costs that the profit center manager can influence in approximately a year or more.c) include variable costs.
Include variable costs are those costs that the profit center manager can influence in approximately a year or less. Costs of goods sold (COGS), raw materials and production inputs, packaging, salaries and commissions.
Some utilities are examples of variable costs (for example, electricity or gas that increases with production capacity). Depending on how much production is produced, variable costs change. Raw materials, commissions, and labour are examples of variable expenses. Regardless of the output of a production, fixed expenses are constant. Fixed costs do not change based on production output. Examples of fixed costs are insurance premiums, rent and lease payments, and interest payments. Because the number of employees needed to meet production demand fluctuates with that number.
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Which economic theory believes that government intervention is necessary to prevent workers from being taken advantage of?.
The fundamental tenet of Keynesian economics is that economic stabilization can be achieved through government intervention.
Keynesians contend that because prices are somewhat rigid, changes in any aspect of spending, whether government, investment, or consumer spending, affect output. For instance, output will rise if government expenditure rises while all other spending factors stay the same.
During the Great Recession of 2008, Keynesian economic theories were applied once more in the US. 2009 saw the signing of the American Recovery and Investment Act by President Barack Obama. Government spending went up by $787 billion as a result of this statute. With this money, employment were both preserved and created.
People keep cash on hand for three reasons, according to Keynes: (i) transactions motive, (ii) precautionary motive, and (iii) speculative motive. The need for cash for immediate transactions for both personal and commercial exchange is the driving force behind keeping cash on hand.
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match each internet business model with its definition. - e-tailer - transaction broker - market creator - content provider - community provider - portal - service provider a. sells physical products directly to consumers or to individual businesses. b. provides applictions such as photo sharing, video sharing, and user-generated content as services; provides other services such as online data storage and backup. c. provides an initial point of entry to the web along with specialized content and other services. d. creates revenue by producing digital content, such as news, music, photos, or video, over the web. the customer may pay to access the content, or revenue my be generated by selling advertising space. e. saves users money and time by processing online sales transactions and generating a fee each time a transaction occurs. f. provides an online meeting place where people with similar interests can communicate and find useful information. g. provides a digital environment where buyers and sellers can meet, search for products, display products, and establish prices for those products; can serve consumers or b2b e-commerce, generating revenue from transaction fees.
Among the given business models E-tailer - 'D' transaction broker - 'E' market creator - 'G' content provider - 'A' community provider - 'F' portal - 'C' service provider - 'B'
A business model explains how a company develops, delivers, and collects value in various contexts, including social, cultural, and economic ones. Business strategy includes the development and change of business models, which is often referred to as business model innovation.
An authorised real estate agent who acts as an impartial third party in a transaction is known as a transaction broker. He or she does not represent any specific client; instead, they offer services to facilitate the closure of a contract. The main responsibility of the transaction broker is to help with tasks that a buyer or seller.
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According to the animation, surgical infections account for what percentage of nosocomial infections?.
According to the animation, surgical infections account for percentage of nosocomial infections 20%.
How can doctors of surgery reduce nosocomial infections?The following actions can be taken by medical professionals to stop the spread of nosocomial infections: completing the equipment and skin disinfection. washing your hands frequently.
The incidence of nosocomial infections can be decreased in the most effective way possible, according to which option?The most crucial infection control measure continues to be frequent hand washing.
Why is it likely that invasive procedures will rise?Surgery and other invasive procedures are essential to healthcare. At least 230 million treatments are carried out annually throughout the world, and this figure is projected to rise as more minimally invasive and image guided techniques are used.
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albert inc. has both common and preferred stock outstanding. which should be listed first in the stockholders' equity section of the balance sheet? multiple choice question. preferred stock common stock the sequence is unimportant
Albert inc. should be listed first in the stockholders' equity section of the balance sheet Preferred stock.
Where can preferred stock, common stock, and additional paid-in capital be located in the shareholders equity area of the balance sheet?In the shareholders' equity column of the balance sheet, preferred stock, common stock, additional paid-in capital, retained earnings, and treasury stock are all disclosed.
Are common stock and preferred shares issued by every company?Some businesses issue both preferred stock and common stock. However, the majority of organizations only issue common stock. In other words, a business corporation must issue common stock, but it is up to the corporation to decide whether or not to also issue preferred stock.
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A firm finds that as it adds workers, each worker is adding less and less output to the production process. What must be true about average cost?.
A firm finds that as it adds workers, each worker is adding less and less output to the production process. It must be the case that average cost is rising.
What is Average cost?
The price per unit made during a production run is known as the average cost. It is an estimate of the typical cost incurred in the production of a good. Based on the quantity of units made, this cost may change. Generally speaking, when the producer makes use of growing efficiency, the average cost decreases as the number of units produced rises.Although it becomes more expensive to create each additional unit as the manufacturer gets closer to the theoretical capacity of its manufacturing plant, the average cost starts to rise.A product's price can be determined by adding a standard margin to its average cost as the foundation for pricing, which is one method of pricing products. This strategy may not be effective because the price on the market may be significantly higher.To know more about Average cost visit:
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How does a firm integrate principles of both operations management and project management to create customer value?.
First, when a need arises to significantly change a component of business operations then the change will often be managed as a project. Once the project has delivered the change, operations will resume focus on maintaining, operating, and supporting the products or services produced as a result of the project.
Management (or handling) is the management of an agency, whether or not it's miles a business, a non-profit agency, or an authorized body. It is the artwork and technology of handling assets of the business.
Management consists of the sports of placing the strategy of an agency and coordinating the efforts of its employees (or of volunteers) to perform its objectives thru the utility of available assets, such as financial, natural, technological, and human assets. "Run the business"[1] and "Change the business" are principles that might be utilized in control to distinguish between the ongoing transport of products or offerings and adapting of products or offerings to fulfill the converting desires of customers - see a trend. The term "control" may additionally confer with the ones folks who manipulate an agency—managers.
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concord's cvp income statement included sales of 3000 units, unit selling price of $150, unit variable cost of $90, and fixed expenses of $120000. contribution margin is $60000. $450000. $180000. $270000.
Concord's cvp income statement included sales of 3000 units, unit selling price of $150, unit variable cost of $90, and fixed expenses of $120000. Contribution margin is $60000.
Calculating profit using contribution margin method:
Unit sold: 3000
Selling price: $150
Variable Cost: $90
Fixed Cost: $120000
Contribution margin per unit= Selling price- Variable costs
= $150- $90
= $60
Total Contribution Margin= Contribution margin per unit x total units sold
= $60 X $3000
= $180,000
Net Income = Total contribution margin - Fixed costs
= $180,000- $120,000
= $ 60,000
So, the Net Income is $60,000
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What are the main goals of the federal government's fiscal policy?.
The employment of government spending as well as taxation to impact the economy was known as fiscal policy.
Fiscal policy is used by governments to achieve robust and sustained growth and then to decrease poverty.
Inflation, full employment, as well as economic growth even though determined by GDP are the three major aims of fiscal policy as well as indicators of a healthy economy.
Fiscal policy objectives include stimulating demand, increasing output, creating jobs, increasing GDP, avoiding recessions, controlling inflation, and stabilizing economic growth.
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