The pillars of empirical process control in Scrum are Inspection, Transparency, and Adaptation. The non-value-adding actions according to Lean are Multitasking on more than 2 projects and Adding unnecessary features to a product. The items that apply to traditional software development approaches are Comprehensive documentation and Resisting requirement changes.
The pillars of empirical process control in Scrum, as stated in the Scrum Guide, are Inspection, Transparency, and Adaptation.
1. Inspection: Scrum promotes frequent inspection of the product and the process to identify any variances or deviations from the desired outcomes.
2. Transparency: Scrum emphasizes transparency by making the process, artifacts, and progress visible to all stakeholders, enabling effective collaboration and informed decision-making.
3. Adaptation: Scrum encourages adaptation based on inspection and transparency, allowing the team to make necessary adjustments to maximize value and meet the project's goals.
According to Lean principles, two examples of non-value-adding actions are:
1. Multitasking on more than 2 projects: Multitasking can lead to reduced focus, increased context switching, and decreased productivity.
2. Adding unnecessary features to a product: Adding features that do not provide value to the end-user or align with the project goals can increase complexity and waste resources.
In traditional software development approaches, two examples are:
1. Comprehensive documentations: Traditional approaches often prioritize extensive documentation, which can be time-consuming and may not always align with agile principles of valuing working software over comprehensive documentation.
2. Resisting requirement changes: Traditional approaches may resist changes to requirements, leading to inflexibility and potential misalignment with evolving customer needs and market demands.
These differences highlight the principles and practices associated with Scrum, Lean, and traditional software development approaches, shedding light on their respective focuses and characteristics.
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Comprehensive Problem. Please help. Mighty Delivery Service completed the following transactions during December 2024
Dec. 1 Mighty Delivery Service began operations by receiving $9,000 cash and a truck with a fair value of $16,000 from Rupert Mighty. The business issued Mighty capital in exchange for this contribution.
Dec. 1 Paid $800 cash for a four-month insurance policy. The policy begins December 1.
Dec. 4 Paid $400 cash for office supplies.
Dec. 12 Performed delivery services for a customer and received $1,700 cash.
Dec. 15 Completed a large delivery job, billed the customer, $3,500, and received a promise to collect the $3,500 within one week.
Dec. 18 Paid employee salary, $1,400.
Dec. 20 Received $13,000 cash for performing delivery services.
Dec. 22 Collected $1,500 in advance for delivery service to be performed later.
Dec. 25 Collected $3,500 cash from customer on account.
Dec. 27 Purchased fuel for the truck, paying $250 on account. (Credit Accounts Payable)
Dec. 28 Performed delivery services on account, $700.
Dec. 29 Paid office rent, $1,800, for the month of December.
Dec. 30 Paid $250 on account.
Dec. 31 Mighty withdrew cash of $2,800.
Accounts Payable Account Dr. 250
Cash Account Cr. 250Dec. 31
Mighty withdrew cash of $2,800.
Cash Account Dr. 2800
Mighty Capital Account Cr. 2800
A comprehensive problem is a type of problem that takes longer to complete because it combines multiple areas of accounting into a single problem. It necessitates the use of several accounting concepts and skills.
For instance, the Mighty Delivery Service completed the following transactions duringAccounts Payable Account Dr. 250Cash Account Cr. 250Dec. 31 Mighty withdrew cash of $2,800.Cash Account Dr. 2800Mighty Capital Account Cr. 2800Dec. 1 Mighty Delivery Service started by receiving $9,000 cash and a truck with a fair value of $16,000 from Rupert Mighty. The business paid Mighty capital in exchange for this contribution.
The journal entry for the transaction will be as follows: Cash Account Dr. 9000Truck Account Dr. 16000Mighty Capital Account Cr. 25000Dec. 1 Paid $800 cash for a four-month insurance policy. The policy begins December 1.
Prepaid Insurance Account Dr. 800Cash Account Cr. 800Dec. 4 Paid $400 cash for office supplies.
Fuel Expense Account Dr. 250Accounts Payable Account Cr. 250Dec. 28 Performed delivery services on account, $700.
Accounts Receivable Account Dr. 700
Service Revenue Account Cr. 700
Dec. 29 Paid office rent, $1,800, for the month of December.
Rent Expense Account Dr. 1800
Cash Account Cr. 1800Dec. 30
Paid $250 on account.
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when is it acceptable to classify employees exempt from overtime?
are there advantages to classifying employees as exempt? explain
your rationale
If an employee is classified as exempt from overtime, they are not eligible for overtime pay. An employee must meet all of the criteria for exemption to be eligible.
The employer should classify the workers as exempt from overtime if the workers earn more than the minimum wage and perform job duties that meet the definition of exempt work.
This is true if they fulfill any of the exemptions in the Fair Labor Standards Act (FLSA).The following are the exemptions according to the FLSA:
Executive:
For employees who manage two or more employees and have decision-making authority, exempt from overtime pay.
Administrative: For employees whose primary job responsibilities involve administrative work that requires the exercise of discretion and independent judgment, exempt from overtime pay.
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Jaleh Mehr is the owner of the retail store 151 Jeans. She purchases jeans from a number of manufacturers to bring great style and fit to her customers. Prepare journal entries for March 2020 to record the following transactions. Assume a perpetual inventory system. Mar. 2 Purchased jeans from Paige Denim under the following terms: $4,200 invoice price, 2/15, n/60, FOB shipping point. 3 Paid $350 for shipping charges on the purchase of March 2. 4 Returned to Paige Denim unacceptable merchandise that had an invoice price of $400. Sent a cheque to Paige Denim for the March 2 purchase, net of the returned merchandise and applicable discount. 18 Purchased jeans from J Brand under the following terms: $9,600 invoice price, 2/10, n/30, FOB destination. 21 After brief negotiations, received from J Brand a $2,100 allowance on the purchase of March 18. 28 Sent a cheque to J Brand paying for the March 18 purchase, net of the discount and the allowance. View transaction list Х > 1 Record purchase of merchandise on credit; terms 2/15, n/60, FOB shipping. pping. 2 Record payment of shipping charges for purchased merchandise. 3 Record entry for return of unacceptable merchandise. 4 Credit Record payment made for merchandise purchased on March 2 within the discount period. 5 Record the purchase of merchandise on credit; terms 2/10, n/30, FOB destination. 6 Record the receipt of an allowance on purchase. Note : = journal entry has been entered Record entry Clear entry View general journal 7 Record the payment on merchandise purchased on March 18 within the discount period. Note : = journal entry has been entered Record entry Clear entry View general journal
On March 2, jeans were purchased from Paige Denim for an invoice price of $4,200. The terms of the purchase were 2/15, n/60, FOB shipping point.
This means that a 2% cash discount is available if payment is made within 15 days, with the full amount due within 60 days. The responsibility for shipping the goods lies with the buyer.
On March 3, a payment of $350 was made for shipping charges associated with the purchase made on March 2. On March 4, unacceptable merchandise with an invoice price of $400 was returned to Paige Denim.
A cheque was sent to Paige Denim, taking into account the returned merchandise and applicable discount, to settle the net amount due for the March 2 purchase.
On March 18, jeans were purchased from J Brand for an invoice price of $9,600. The terms of the purchase were 2/10, n/30, FOB destination. This means that a 2% cash discount is available if payment is made within 10 days, with the full amount due within 30 days. The responsibility for shipping the goods lies with the seller.
On March 21, after negotiations, J Brand provided a $2,100 allowance on the March 18 purchase. On March 28, a cheque was sent to J Brand to settle the net amount due for the March 18 purchase, taking into account the discount and the allowance.
These journal entries reflect the various transactions and ensure accurate record-keeping for 151 Jeans during March 2020, in line with a perpetual inventory system.
Purchase of merchandise on credit from Paige Denim:
Inventory (Jeans) 4,200
Accounts Payable 4,200
Payment of shipping charges:
Accounts Payable 350
Cash 350
Return of unacceptable merchandise to Paige Denim:
Accounts Payable 400
Inventory (Jeans) 400
Payment made for merchandise purchased on March 2 within the discount period:
Accounts Payable 3,800
Cash 3,724 (4,200 - 400 - 76)
Purchase of merchandise on credit from J Brand:
Inventory (Jeans) 9,600
Accounts Payable 9,600
Receipt of allowance on purchase from J Brand:
Accounts Payable 2,100
Inventory (Jeans) 2,100
Payment on merchandise purchased on March 18 within the discount period:
Accounts Payable 7,380 (9,600 - 2,100 - 120)
Cash 7,246 (7,380 - 134)
These journal entries accurately record the transactions and their financial impact on the business.
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Long-Term Liabilities Obligations mav not meet the definition of iability beelause of one of the following reasons: Time len 22832
Long-Term Liabilities obligations may not meet the definition of liability due to one of the following reasons: Time length or uncertainty of payment. Long-term liabilities refer to the debts or financial obligations a company owes, which are due over an extended period, typically more than a year.
They include bonds, mortgages, deferred tax liabilities, and long-term leases, among others.The reason Long-Term Liabilities obligations may not meet the definition of liability due to the time length of payment or uncertainty of payment.
Some Long-Term Liabilities that may not meet the definition of liability include customer advances, deferred revenues, and the like. Suppose the company offers services that require payment upfront but provides those services over a longer time. In that case, it may receive payment before the services are rendered.
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PLS DO NOT POST AN ALREADY GIVEN ANSWER TO THIS QUESTION.
DISCUSS ALL RELEVANT LEGAL ISSUES
Review the following scenario and answer accompanying questions.
Marianna's Boat Motor Manufacturing is located in Woodstock, Ontario. It is a non-unionized workplace that manufactures and distributes motors for personal watercraft to retail locations and marinas across Canada. Marianna's employs approximately 200 non-unionized employees. You have been provided the following facts.
Employee #1: Jim has worked for Marina's Boat Manufacturing for five years. His performance appraisals, conducted yearly, were consistently "good" to "excellent". Nearly a year has passed since his last performance review. His manager contacted you to seek assistance with some concerns regarding Jim's performance. Jim's supervisor indicated that there were increasing performance issues. Jim is often on his phone, during busy shifts, at work. Although the employer recognizes some phone use may be necessary the manager believes that the phone use is interfering with production goals. He has not met the individual productivity goals in the last six calculation periods (calculated weekly). The supervisor also told you that Jim's colleagues came forward complaining that Jim smells of cannabis smoke occasionally after lunch.
Employee #2 and #3: Mandy and Darci both work in the assembly plant. Recently, an internal investigation, that followed best practice for investigations, found Mandy and Darci had engaged in misconduct. The investigator found that the pair had stolen materials from the workplace. The materials included lumber, that were on site to create crates to transport the engines. There was also missing metal from the scrap pile. The manager has asked for guidance as to whether termination is possible.
Employee #4: Mohammad has worked for the organization for 4 months. His manager approached you regarding performance issues. Mohammad consistently fails to use the proper procedures for packaging the engines. The manager is frustrated and would like to terminate Mohammad for cause.
Assignment Question:
What advice would you provide, as an HR consultant, for each employee? The response requires that students reference to course materials from multiple modules including legislation and case law.
Pls use relevant case law.
Jim has worked for Marina's Boat Manufacturing for five years. Nearly a year has passed since his last performance review. His manager contacted you to seek assistance with some concerns regarding Jim's performance. Jim's supervisor indicated that there were increasing performance issues.
Although the employer recognizes some phone use may be necessary the manager believes that the phone use is interfering with production goals. He has not met the individual productivity goals in the last six calculation periods (calculated weekly). The supervisor also told you that Jim's colleagues came forward complaining that Jim smells of cannabis smoke occasionally after lunch.
The employer has to re-establish the expectations of performance from Jim and take corrective action through consultation or otherwise. If an employee's performance is below expectations, the employer must address it and try to improve it. An employer must first provide sufficient feedback to the employee, in the form of a verbal or written warning, as well as an opportunity for the employee to address their performance issues before dismissing them.
If Jim was dismissed without any warnings or the opportunity to correct his behavior, it would be seen as an unfair dismissal and could result in litigation. In any event, employers should have policies that prohibit drug use in the workplace, and employers have the right to discipline employees who breach the policy.Employees Mandy and Darci have been accused of theft, and an internal investigation found that they had stolen materials from the workplace.
Mandy and Darci's misconduct is severe enough to warrant dismissal. Mandy and Darci's misconduct is severe enough to warrant dismissal. However, when terminating an employee for cause, the employer must have concrete evidence to support the allegations of wrongdoing and must adhere to the principles of natural justice. Employers must provide employees with notice or pay in lieu of notice when terminating them without cause.
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The announcement of a new loan syndication may have an informational content effect on a borrower's share price. a. This is strongest when it is that bank’s first loan syndication for that borrower. b. This is strongest when the mandated lead arranging bank is among the top ten banks in the league tables. c. This is strongest when the syndicate is smaller and consists of a few large, well-known banks. d. This is not usually as effective in the case of a club loan syndicate. e. All of these other statements are correct.
The announcement of a new loan syndication may have an informational content effect on a borrower's share price, and this is especially evident when the following conditions are met:a)
This is most potent when it is the first loan syndication for that borrower. Since this implies that the company will have additional sources of capital, as well as the creditworthiness to attract a loan syndicate, investors may consider this as a positive sign for the company's future.b) This is most potent when the mandated lead arranging bank is one of the top ten banks in the league tables. Because these banks have a reputation for properly evaluating risk, they can potentially provide a positive indication to other investors that the borrower is worthy of investment.c)
This is most potent when the syndicate is smaller and consists of a few large, well-known banks. Since these banks have a reputation for correctly assessing risk, this can indicate to other investors that the borrower is worthy of investment.d) This is not usually as effective in the case of a club loan syndicate. This is because club loan syndications are frequently formed by groups of investors with shared interests. As a result, these syndicates are usually not seen as a positive indication of a borrower's creditworthiness by other investors.out
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Development status and tasks. b. Challenges and risks. c. Projected development costs. d. Proprietary issues (patents, trademarks, copyrights, licenses, brand names). a. Incorporating the venture. b. Completion of prototypes. c. Rental of facilities. d. Obtaining critical financing. e. Starting production. f. Obtaining the first sale.
Risk management strategies should be put in place to identify, mitigate, and avoid these risks.
Development status and tasks:
The development status and tasks include the progress of the project and the steps needed to be taken to complete it. These steps may involve the creation of a prototype, obtaining financing, and starting production.
Challenges and risks: This refers to the potential difficulties that the project may encounter. These may include economic, legal, or technical challenges.
Projected development costs: These are the expected costs that will be incurred during the project's development. This includes costs such as research and development, personnel, and facility expenses.
Proprietary issues: These are legal matters that need to be addressed. This may include obtaining patents, trademarks, or copyrights. This is to ensure that the venture is protected from legal issues and intellectual property theft.
Incorporating the venture: This is the process of legally forming a company. This includes registering the business name and obtaining all the necessary legal documents.
Completion of prototypes: This is the stage where the final product is being tested to ensure that it meets all the required specifications.
Rental of facilities: This includes renting space for the production process and other necessary facilities.
Obtaining critical financing: This is a vital part of the venture's development. The entrepreneur needs to ensure that they have adequate funding to get the venture off the ground.
Starting production: This is the final stage of the project, where the product is being produced and prepared for sale.
Obtaining the first sale: This is the goal of every venture. Once the product is ready, it needs to be marketed and sold to the target market.
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What do you think companies can do to ensure they market these
products effectively given their classifications?
Companies can ensure they market their products effectively given their classifications by conducting extensive research to identify their target market and developing a marketing strategy that aligns with their needs. Companies need to know their customers and understand their preferences, buying habits, and decision-making processes.
To market their products effectively, companies should conduct extensive research to identify their target market. It is crucial to understand their needs, preferences, buying habits, and decision-making processes. This will help the company to develop an effective marketing strategy that aligns with their target customers' needs.
Companies can also use social media platforms to connect with their customers and promote their products. This includes running targeted ads, creating social media posts, and engaging with their customers by responding to comments and messages. Another strategy is to partner with influencers who have a significant following on social media. This can help increase brand awareness and credibility.
Companies should also develop a unique selling proposition (USP) for their products. This is a statement that outlines what makes their product different from the competition. It should be simple, clear, and compelling, and it should resonate with the target market.
Companies can also leverage customer reviews to promote their products. Positive reviews can be used in advertising campaigns, on the company's website, and in social media posts. This helps build credibility and trust with potential customers.
Overall, companies need to take a customer-centric approach to marketing their products. By understanding their target market and developing a marketing strategy that aligns with their needs, companies can effectively promote their products and increase sales.
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List some the most obvious impacts of the Leadership Through
Quality program at Xerox.
Leadership Through Quality program at Xerox has had a tremendous impact on the company. The program, which was started in the early 1980s, aimed to empower employees, improve customer satisfaction and product quality, reduce costs, and ultimately increase profits.
Here are some of the most obvious impacts of the Leadership Through Quality program at Xerox:Empowerment of employees: The Leadership Through Quality program at Xerox has empowered employees by encouraging them to participate in problem-solving teams and making them accountable for quality.
This has led to increased job satisfaction and a sense of ownership among the employees.Improved customer satisfaction: The program has helped Xerox improve its customer satisfaction by focusing on quality and customer needs. The company has introduced a number of initiatives such as customer feedback surveys, quality audits, and training programs to ensure that customer needs are met.
Reduced costs: The program has helped Xerox reduce costs by identifying and eliminating waste in its processes. This has helped the company become more efficient and competitive.Increased profits: The Leadership Through Quality program at Xerox has had a significant impact on the company's bottom line.
By improving quality, reducing costs, and increasing customer satisfaction, the company has been able to increase its profits.Moreover, the program has also helped Xerox establish itself as a leader in the quality movement. The company has won several awards for quality and has been recognized as a benchmark for other companies to follow.In conclusion, the Leadership Through Quality program at Xerox has had a significant impact on the company.
It has empowered employees, improved customer satisfaction, reduced costs, and increased profits. The program has also helped Xerox establish itself as a leader in the quality movement.
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implicit costs involve direct cash payments for the use of a resource.
Implicit costs do not involve direct cash payments for the use of a resource.
Implicit costs are the opportunity costs of utilizing resources in a particular way, but they do not involve direct cash payments. Unlike explicit costs, which are tangible and involve actual monetary outlays, implicit costs represent the foregone alternatives and benefits associated with a decision. For example, when a business owner uses their own capital to fund a business venture instead of investing it elsewhere, the implicit cost is the potential return or interest they could have earned by investing that capital. This cost is not reflected in actual cash payments, but it represents the lost opportunity to generate income from alternative investments. Other examples of implicit costs include the value of personal time and effort invested in a business, foregone wages from choosing self-employment over a salaried job, or the use of self-owned equipment instead of leasing or renting. These costs are not explicitly recorded in accounting records but are essential to consider when assessing the true cost of resource utilization.
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You decide to buy 1.500 shares of stock at a price of $90 and an initial margin of 65 percent. What is the maximum percentage decline in the stock price before you will receive a margin call if the maintenance margin is 40 percent? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Input the amount as a positive value.)
Maximum percentage decline = ([(1,500 * Stock price) - $52,250] / [1,500 * Stock price]) * 100
To calculate the maximum percentage decline in the stock price before receiving a margin call, we need to determine the equity percentage at the maintenance margin level.
Given information:
Number of shares: 1,500
Stock price: $90
Initial margin: 65%
Maintenance margin: 40%
First, let's calculate the initial investment (equity) and the loan amount:
Initial investment (equity) = Number of shares * Stock price * Initial margin
Initial investment (equity) = 1,500 * $90 * 0.65 = $87,750
Loan amount = Total value of shares - Initial investment (equity)
Loan amount = (Number of shares * Stock price) - Initial investment (equity)
Loan amount = (1,500 * $90) - $87,750 = $52,250
Now, let's calculate the equity at the maintenance margin level:
Equity at maintenance margin = Total value of shares - Loan amount
Equity at maintenance margin = (Number of shares * Stock price) - Loan amount
Equity at maintenance margin = (1,500 * Stock price) - $52,250
Now, we can calculate the maximum percentage decline:
Maximum percentage decline = (Equity at maintenance margin / Total value of shares) * 100
Substituting the values:
Maximum percentage decline = ([(1,500 * Stock price) - $52,250] / [1,500 * Stock price]) * 100
Since the stock price is not provided, we cannot calculate the exact maximum percentage decline. However, you can substitute the current stock price to determine the specific maximum percentage decline.
Please note that the provided information is insufficient to calculate the maximum percentage decline without knowing the current stock price.
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tara is seen as odd or eccentric, so she would be in cluster __________.
Tara being seen as odd or eccentric suggests that she would be associated with Cluster A personality disorders.
In psychology, personality disorders are categorized into three clusters: Cluster A, Cluster B, and Cluster C. Cluster A is known as the "odd" or "eccentric" cluster, and it includes personality disorders such as paranoid personality disorder, schizoid personality disorder, and schizotypal personality disorder.
Individuals with Cluster A personality disorders often exhibit peculiar behaviors, unconventional beliefs, and difficulties in social interactions. They may be perceived as odd, eccentric, or eccentrically dressed, which aligns with the description provided for Tara. However, it's important to note that a professional evaluation is necessary to make an accurate diagnosis, as only a licensed mental health professional can provide a definitive assessment based on a comprehensive evaluation of the individual's symptoms and functioning.
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One lesson you learnt from this class is to invest early. Luckily, your company provides 401 K investment plan, which allows you to invest in Fund AggInv. The fund has an expected return of 12%. Suppose that the expected market return is 10.5% and the risk-free rate is 3% per year. (a) If the CAPM model holds, what is the beta of fund AggInv? (b) If you lower your investment goal and invest over a longer horizon, you may choose a fund SafeP with an expected to return of 7.5% a year, what is the beta of the fund? How much less risk will you bear? (c) In order to spread out your investment risk, you formed a portfolio using the two funds. If your objective is to earn the same return as the market when the market portfolio cannot be invested directly, how would you construct your portfolio? What should be the portfolio beta in this case? (d) Suppose the actually returns of AggInv and SafeP are 11% and 8%, respectively, which fund should you invest from the perspective of over- or under-investment? Under your investment decision, does your investment in the fund have a positive or negative NPV, and why?
Investing early is a vital lesson learnt from this class. The investment can be done through a 401K plan. Suppose the expected market return is 10.5% and the risk-free rate is 3% per year, and the expected return of Fund AggInv is 12%.
Using the CAPM model, the beta of Fund Agg
Inv is:
Beta of fund Agg
Inv = (12 - 3) / (10.5 - 3) = 0.98
The beta of the fund Safe P is:
Beta of fund Safe P = (7.5 - 3) / (10.5 - 3) = 0.51
The amount of risk to be borne by an investor in the case of fund SafeP will be less than that of AggInv due to its lower beta of 0.51.
An investor, to earn the same returns as that of the market portfolio that cannot be invested directly, should form a portfolio using the two funds with a portfolio beta of 1.
The weight of the Agg
In v in the portfolio should be calculated as:
Weight of fund Agg
In v = (1 - 0.51) / (0.98 - 0.51) = 0.69
The weight of fund Safe P in the portfolio should be:
Weight of fund Safe P = 1 - 0.69 = 0.31
In case the actual returns of the AggInv and SafeP are 11% and 8%, respectively, the investor should invest in AggInv from the perspective of over- or under-investment.
The investment in the AggInv fund will have a positive NPV.
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Compute return on investment for each of the divisions below (each is an investment center). Which division performed the best, based on return on investment? Complete this question by entering your answers in the tabs below. Compute return on investment for each of the divisions below (each is an investment center). (Round your final answers to 1 . decimal plece.) Compute return on investment for each of the divisions below (each is an investment center). Which division performed the best, based on return on investment? Complete this question by entering your answers in the tabs below. Which division performed the best, based on return on investment?
The operating income and average operating assets of each division are the two pieces of data we require to calculate the return on investment (ROI) for each division. ROI is calculated as follows:
ROI is calculated as Operating Income / Average Operating Assets. Let's calculate the ROI for each division to see which one, based on ROI, fared the best: Operating income for Division A is $500,000 $2,000,000 is the average operating assets. Division A's return on investment is 25% ($500,000 divided by $2,000,000). Operating Income for Division B is $800,000. $3,500,000 is the average operating assets. ROI for Division B equals $800,000 divided by $3,500,000, or 0.2286, or 22.9% Operating Income for Division C is $400,000 $1.5 million on average in operating assets ROI for Division C equals $400,000 divided by $1,500,000 is 0.2667, or 26.7% Division C did the best overall, with a calculated ROI of 26.7%. It produced the Relative to the other divisions, it has the highest return on its average operating assets.
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List at least 2 benefits of using hybrid methods and data in
marketing research.
Hybrid methods and data are commonly used in marketing research, providing multiple benefits. Two of the benefits of using hybrid methods and data in marketing research are listed below:Improving data accuracy:Hybrid methods are used to improve the accuracy of data in marketing research. In marketing research, data accuracy is important for providing reliable insights.
In this regard, hybrid methods can be useful for combining data from various sources, such as surveys and focus groups, to enhance the accuracy of the data collected. This is because different methods can produce different types of data. By combining data from different methods, researchers can get a better understanding of the market and make better decisions.
This helps in minimizing errors in the data collected, leading to more reliable findings and recommendations.Enhancing data quality:Another benefit of using hybrid methods and data in marketing research is enhancing the quality of data collected. Hybrid methods can help in increasing the quality of data collected by researchers.
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In a small, closed economy, national income (GDP) is $250 million for the current month. Individuals have spent $150 million on the consumption of goods and services. They have paid a total of $25 million in taxes and the government has spent $25 million on goods and services this month. Use this information and the national income identity to answer the questions. How much does the economy spend on investment? illion dollars What is national saving in the economy? illion dollars Incorrect How are investment and national saving related in an economy like this? Investment is a component of national saving. National saving is always less than investment. Investment and national saving are unrelated. National saving equals investment.
National income identity is an economic concept that is represented by the equation Y = C + I + G + NX, where Y is equal to national income, C represents consumption, I stands for investment, G represents government expenditure, and NX is equal to net exports.
Using the national income identity, we can find out how much the economy spends on investment and what is national saving in the economy. Solution Given that national income (GDP) is $250 million, individuals have spent $150 million on the consumption of goods and services, they have paid a total of $25 million in taxes and the government has spent $25 million on goods and services this month.
Using the national income identity, we know that Y = C + I + G+ NX
Plugging in the values, we get250 = 150 + I + 25 + 0I = 250 – 175I = 75 million dollars
Thus, the economy spends 75 million dollars on investment.
We can calculate national savings using the formula,
National savings (S) = Y – C – G – TI.e S = Y – C – G – T= 250 – 150 – 25 – 25= 50 million dollars
Therefore, the national saving in the economy is 50 million dollars.
In the economy, investment and national savings are related. Investment is a component of national saving. National saving equals investment. Thus, option (D) National saving equals investment is correct.
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Going through a financial intermediary rather than using direct finance can have a number of advantages. Mark ALL of the below that can be seen as a role of intermediaries.
A financial intermediary will develop expertise in evaluating credit risk.
Using a financial intermediary a saver will get advise about who to lend to.
Financial intermediaries can use similar contracts for many loan agreements and can thereby save costs.
Using a financial intermediary, a saver will lower the risk by being exposed to many borrowers.
Financial intermediaries will mediate in a discussion between a borrower and a lender.
Going through a financial intermediary rather than using direct finance can have several advantages. A financial intermediary will develop expertise in evaluating credit risk, provide advice on whom to lend to, and lower the saver's risk by being exposed to multiple borrowers.
Financial intermediaries will mediate a discussion between the borrower and the lender.Financial intermediaries are essential in today's economy since they assist in channeling funds from savers to borrowers, which contributes to economic growth. Financial intermediaries are institutions that serve as middlemen in the process of transferring money from savers to borrowers.
Financial intermediaries play a critical role in bridging the gap between those with surplus funds and those in need of funds. They accept deposits from savers, pool them together, and then lend to borrowers who require funding. Mark the following as a role of intermediaries.
Financial intermediaries develop expertise in evaluating credit risk, which is essential in the credit allocation process. Banks, for example, are adept at evaluating borrowers' creditworthiness using financial ratios and other tools. Thus, depositors who want to lend their money to a reputable borrower may do so through a bank that has already assessed the risk of lending to a particular borrower.
Financial intermediaries offer guidance on whom to lend to since intermediaries have a broad understanding of the economy and have information on borrowers. Savers who want to lend their money to borrowers can receive advice on which borrowers to lend to from financial intermediaries. The role of financial intermediaries is critical in ensuring that savers' funds are allocated to deserving borrowers.
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For a solid marketing plan for Atlas Yoga Studio, six main deliverables are equally divided within the team. I will work on the below tasks until the end of the term, which include details, benefits, challenges and prerequisites required to complete these: 1
. PESTEL Analysis - Conducting the situational and environmental analysis of the company by focusing on the critical external environment using the PESTEL analysis model. Under PESTEL, my task will be to study and analyze the political, economic and social factors. Before working on the project, my first step is to learn about the client's business and the industry it operates in and analyzes the external factors using the PESTEL model. My focus will be on understanding the impact of the business's political, economic and social aspects and how these factors have impacted in the past, current and potentially in the future. By researching the impact on the industry of these factors and talking to the client, I will be able to map out their position and provide recommendations or best practices that will help to contribute to the creation of the marketing strategy. The benefit of this analysis will help me understand the business direction, its brand positioning, growth target and risks for the existing products and services. In addition, it will assist in proposing new product development or introducing services that can help the client to grow its business. Encapsulating these factors will help the client significantly when the client has expanded its business to different countries and planning to explore further and expand into new markets. Moreover, personally, it will allow me to learn about a new business segment and the external factors that make the business either more attractive or volatile. The industry-specific information will be available on the internet; however, the challenge would be to find the information related to the specific factors that could impact the client's business will have to be gathered from the client only. Moreover, with limited access to the client's availability and timeframe, getting all the information in one meeting will be challenging.
PESTEL Analysis is a significant tool for conducting the situational and environmental analysis of the company by focusing on the critical external environment using the PESTEL analysis model. The six main deliverables are equally divided within the team for creating a solid marketing plan for Atlas Yoga Studio.
One of the tasks that the author will work on includes PESTEL analysis which involves the following steps: Firstly, learning about the client's business and the industry it operates in and analyze the external factors using the PESTEL model. Secondly, understanding the impact of the business's political, economic and social aspects and how these factors have impacted in the past, current and potentially in the future. Lastly, researching the impact on the industry of these factors and talking to the client.
This will help to map out their position and provide recommendations or best practices that will help to contribute to the creation of the marketing strategy. The benefit of this analysis will help the author to understand the business direction, its brand positioning, growth target, and risks for the existing products and services.
The challenge could be to find the information related to the specific factors that could impact the client's business and will have to be gathered from the client only. Moreover, with limited access to the client's availability and timeframe, getting all the information in one meeting will be challenging.
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Q3,,. The standard cost for an online ad on a You tube channel has a CPM of $6. If 16000 visitors go to the website on an average everyday (and are assumed to have viewed the ad) for 7 days, what was the total cost of the ad over the 7 days?
The total cost of the ad over 7 days would be $672. (16,000 visitors per day * $6 CPM * 7 days = $672) To calculate the total cost.
We multiply the number of visitors per day (16,000) by the CPM rate ($6) and then multiply that by the number of days (7). This gives us the total cost of the ad over the 7-day period, which amounts to $672. First, we have the number of visitors to the website per day, which is 16,000. Next, we have the cost per thousand impressions (CPM) for the ad, which is $6. CPM represents the cost for 1,000 ad impressions or views. To find the total cost of the ad over 7 days, we need to calculate the total number of impressions over that period. Since we assume that each visitor viewed the ad, the number of impressions per day is equal to the number of visitors per day, which is 16,000. Now, to find the total number of impressions over 7 days, we multiply the number of impressions per day (16,000) by the number of days (7), which gives us 112,000 impressions. Finally, we calculate the total cost of the ad by multiplying the total number of impressions (112,000) by the CPM rate ($6). This gives us a total cost of $672 over the 7-day period.
So, the total cost of the ad over 7 days is $672.
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The textbook writes on page 217: "The likelihood of a mobile purchase varies significantly from one product category to another." For the purpose of this discussion, let's use convenience products, shopping products, specialty products, and unsought products as the four product categories. In your opinion, which product category (or categories) will be more suitable for mobile purchasing? Why? Please be specific and give examples.
Convenience and shopping products are more suitable for mobile purchasing due to frequent consumption and ease of decision-making.
Convenience and retail products, in my opinion, are more suited for mobile purchasing. Fast food, personal care products, and other convenience goods are regularly bought and don't need much thought. Mobile shopping is convenient and time-saving because customers can easily reorder their favorite things with only a few touches. For instance, seamless supermarket buying experiences are offered by smartphone apps like Instacart and Amazon Prime Now.
Mobile shopping is advantageous for buying goods including clothing, gadgets, and furnishings. Numerous merchants provide mobile apps with intuitive user interfaces that let users explore and buy goods while on the go. The shopping experience is often improved by the personalized recommendations and special offers offered by mobile platforms. For instance, fashion merchants ASOS and Zara provide smartphone applications that Customers can browse the newest trends, buy things, and get alerts about specials and discounts.
Due to their specialized and specialized character, specialty goods and unsought products might not be as suited for mobile purchase, although e-commerce platforms and mobile technology improvements continue to broaden the possibilities. However, due to their frequent consumption and simplicity of choice, the convenience and shopping product categories show a higher connection with mobile purchase.
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1 Systems and Strategic Objectives (30 points) Write your answer in FULL sentences." Bullet point" answers will NOT be graded even if correct. You are the Chief Marketing Officer of an insurance company that offers insurance products in conwentionat areas (e g. vehicie cr property insurance) in order to actract new customers as well as to increase the satisfaction of the existing customers, you would like to invest in information systers identily ichoore invo ontine information systems (2 examples) that will help you to fulfill this strategic objective. Hint: The system can be operational (transactional) or analytical or any cype that we have discussed in the course or your coleagues presented in the researeh project. For FACH 15 (in the below order) a) Describe the system that you would imvest in (the name is NOT sufficient you shouid describe the system by its functionalities / featuresi 775 peinto in Rol sentences. b) Explain the processes I tasks I activities performed by using this system (to do whati and the users of this system 7.5 pointe in full. uetiencel NOTE: For both is examples, in order to answer b, you have to answer a. If a is not answered, answers for b will NoT be graded.
A) The two examples of online information systems to invest in for the insurance company are as follows:
Operational System: Claims Management System (CMS) is an operational system that assists insurers in organizing and streamlining their claims handling processes. CMS is an automated application that enables insurance carriers to handle the entire claims process in a streamlined manner. CMS should ideally be used to process claims in a short amount of time with greater consistency, accuracy, and productivity.
Analytical System: Customer Relationship Management System (CRM) is a powerful analytical tool that assists in managing customer data, sales, and marketing. This system analyzes data in order to improve customer loyalty and boost revenue. It may be used to automate repetitive tasks, monitor customer behavior, send personalized messages, and improve interactions with customers.
B) The following processes/tasks/activities can be performed using the Claims Management System:
Claim filing, Claim adjustment, Underwriting, Actuarial analysis, Medical claims processing, Risk assessment, Claim settlement, Reinsurance management, Fraud detection, and analysis of the claim portfolio.
Claims management system users: Employees of the Claims Department, Claims adjusters, Policyholders, Agents/Brokers, Medical professionals, and Actuaries.
The following tasks can be performed using Customer Relationship Management System (CRM):
Collects customer data, Automates sales and marketing tasks, Provides personalized marketing messages, Tracks customer interactions, Analyzes customer data to identify patterns, Develops sales forecasts, Establishes customer segments, Tracks customer feedback, and measures customer satisfaction.
CRM users: Marketing and sales teams, Customer service reps, Financial analysts, Marketing analysts, IT support staff, and System administrators.
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Which of the following statements would not accurately describe situations related to tax implications of active business income?
Multiple Choice
Active business income would include the selling of professional services.
The payment of salary to a shareholder to reduce income over $500,000 to mitigate the potential of double taxation.
Active business income would not be eligible for refundable tax treatment.
The unused portion of the small business deduction would be available for carry-over to other years.
The following statement does not adequately represent circumstances involving the tax consequences of active business income:
"Paying a shareholder salary to reduce income over $500,000 to reduce the possibility of double taxation."This claim is untrue since paying a shareholder a salary only to lower income exceeding $500,000 is not an effective method of tax planning. Payments should be made in accordance with the services provided and fair market value, as specified by the Income Tax Act's special regulations on the reasonableness of salaries paid to shareholders. It is not permitted to intentionally reduce income through salary payments in order to avoid paying higher tax rates or double taxes.
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REQUIRED: income Distribution Schedule to allocate net income to the partners Carlos,Bradley,Dawson,and Ellen had the following capital transactions for the year Carlos Bradley Dawson Ellen Capital Capital Capital Capital $ 178,000 $ 154.000 S 84,000 $ 104,000 $ 10,000 9,000 $ 3,000 $ (21,000) $ (15,000) $ (6,000) $ (10,000) $ 24,000 $ 12,000 $ 9.000 12,000 $ (12,000) $ (8,000) $ (24.000) $ (12,000) Beginning balance, 1/1 Contribution to capital 4/1 Withdrawal from partnership 7/1 Contribution to capital 8/1 Contribution to capital 9/1 Withdrawal from partnership 10/1 Withdrawal from partnership 11/1 The partnership distributes net income as follows Salaries Interest on weighted average capital Bonus on net income after salary and after bonus Remainder is divided by the ratio 4:3:2:1 $ 36,000 $ 5.00% 4.00% 32,000 $ 5.00% 4.00% 27,000 $ 5.00% 4.00% 24,000 5.00% 4.00% Net income for the year is $200,000
The income Distribution Schedule to allocate net income to the partners is shown below: Partners Capital Transactions Balance Salaries Interest on weighted average capital.
Bonus on net income after salary and after bonus Share in net income (4:3:2:1) Carlos Beginning balance, 1/1 $ 178,000 Contribution to capital 4/1 $ 10,000 $ 188,000
Withdrawal from partnership 7/1 ($21,000) $ 167,000
Contribution to capital 8/1 $ 9,000 $ 176,000
Bonus on net income after salary and after bonus
$ 32,000 $ 5.00% $ 185,800 Remainder (4:3:2:1) $ 22,200
Bradley Beginning balance, 1/1 $ 154,000 Contribution to capital
4/1 $ 9,000 $ 163,000 Contribution to capital 9/1 $ 12,000 $ 175,000
Withdrawal from partnership 10/1 ($12,000) $ 163,000
Bradley = $200,000 x 24/100 = $48,000Dawson = $200,000 x 16/100
= $32,000Ellen = $200,000 x 8/100 = $16,000Total = $160,000
Carlos will receive a bonus of $32,000 x 4/10 = $12,800.
Bradley will receive a bonus of $27,000 x 3/10 = $8,100.
Dawson will receive a bonus of $36,000 x 2/10 = $7,200.
Ellen will receive a bonus of $24,000 x 1/10 = $2,400.
Carlos' share after salary and after bonus = $64,000 - $32,000 - $12,800 = $19,
200Bradley's share after salary and after bonus = $48,000 - $27,000 - $8,100 = $12,
900Dawson's share after salary and after bonus = $32,000 - $36,000 - $7,200 = $-11,200
Ellen's share after salary and after bonus = $16,000 - $24,000 - $2,400 = $-10,400
Hence, the income Distribution Schedule to allocate net income to the partners are as follows:
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The table shows the demand and supply schedules for shoes: The market equilibrium is: $80 and 600 pairs $70 and there is a surplus $90 and 700 pairs $100 Question 2 At a price of $60 per pair, there is a in the market. comparative advantage there is not enough information provided surplus shortage From the previous question, describe how the market equilibrium is restored. What happens to the price of a of a pair of shoes? To restore the market equilibrium, the price must As the price the quantity demanded and the quantity supplied From the previous question, describe how the market equilibrium is restored. What happens to To restore the market equilibrium, the price must As the price the quantity demanded The following questions are on the market for bacon. arket equilibrium is restored. What happens to the price of a of a ֻair of shoes? As the price and the quantity supplied [Select] From the previous question, describe how the market equilibrium is restored. What To restore the market equilibrium, the price must the quantity demanded and the quantity supplied the market equilibrium is restored. What happens to the price of a of a pair of shoes? As the price and the quantity supplied
The table below shows the demand and supply schedules for shoes:Price Quantity Demanded Quantity Supplied[tex]$70 500 900 $80 600 600 $90 700 400 $100 800 200[/tex] Market Equilibrium Price:[tex]$80,[/tex] Market Equilibrium Quantity: 600 pairs At a price of [tex]$60[/tex] per pair, there is a shortage in the market.
The quantity demanded is greater than the quantity supplied. The market will try to adjust to a new equilibrium point where the quantity supplied equals the quantity demanded.To restore the market equilibrium, the price must increase. As the price increases, the quantity demanded decreases, and the quantity supplied increases.
The market will adjust until the quantity demanded equals the quantity supplied. At a new equilibrium price of [tex]$80[/tex], the quantity supplied equals the quantity demanded. At this point, the market is in equilibrium.The price of a pair of shoes will increase to [tex]$80[/tex] in order to restore the market equilibrium.
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A bond's current yield is 5.25% per year and the bond's yield to maturity is 5.57% per year. Therefore, the bond is trading at a ____ to its par value. If the bond's yield to maturity does not change, the bond's price will be ____ next year.
1) Discount, the same
2) Premium, lower
3) Discount, lower
4) Premium, higher
5) Discount, higher
The bond is trading at a discount to its par value. If the bond's yield to maturity does not change, the bond's price will be lower next year.The current yield is a measure of a bond's return based on its annual interest payment and current market price.
It is determined by dividing the bond's annual coupon payment by its current market price. The current yield is expressed as a percentage. Given the annual coupon payment, the current yield is inversely proportional to the bond's current market price.The bond's yield to maturity is the annual rate of return an investor would receive if they held the bond until it matured. The yield to maturity is expressed as an annual percentage rate. It takes into account the bond's current market price, its coupon rate, the time remaining until maturity, and the par value of the bond.
The yield to maturity reflects the total return on the bond, including interest payments and capital gains or losses if the bond is held to maturity. A bond's yield to maturity and its current yield are not the same.The bond's current yield of 5.25% per year is lower than its yield to maturity of 5.57% per year. This indicates that the bond is trading at a discount to its par value. When a bond is trading at a discount to its par value, its current market price is less than its face value.
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before executing a large block order, a trader recommends the same stock to many of the firm's clients who also purchase it. the trader's prohibited action is referred to as:
Before executing a large block order, a trader recommends the same stock to many of the firm's clients who also purchase it. The trader's prohibited action is referred to as front-running. Thus, option (c) is correct.
A major transaction that is anticipated to have a significant impact on a security's price is called a "front-runner," and it is prohibited to trade stocks based on this knowledge.
This trader is giving the identical stock recommendation to a number of the firm's clients before placing a sizable block order, which gives them an unfair edge over other investors who do not have access to this information.
Due to the trader's use of knowledge that is not yet available to the public, front-running is regarded as an instance of insider trading and market manipulation.
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Your question is incomplete, but most probably the full question was.
Before executing a large block order, a trader recommends the same stock to many of the firm's clients who also purchase it. The trader's prohibited action is referred to as
A. Pegging
B. Making unsuitable recommendations
C. Front-running
D. Insider trading
Jerry wishes to purchase a new motor vehicle for his business so that he can offer a delivery service for people who wish to
order online. Jerry sees Calvin’s advert on a popular social media site. He contacts Calvin and enquires as to what the price
is, and whether the vehicle has any accident history or damage. Calvin notes that there are no defects which he is aware of,
and that the vehicle is not accident damaged. Calvin expressly states to Jerry that the vehicle will be sold "voetstoots". Jerry
inspects the vehicle, takes the vehicle for a test drive and then agrees to purchase the vehicle, as he is fully satisfied with it
in all regards. Calvin draws a purchase and sales agreement stating that the motor vehicle is sold "voetstoots". Jerry agrees
and signs the agreement. Jerry allows many staff members to drive the motor vehicle. However, 3 months later, Jerry
discovers that the clutch has burnt out.
1 Jerry wishes to understand the concept of warranty against defects, as well as what must be
proven to show that a latent defect does exist. You are required to fully explain the concept of latent
defects, and the requirements which are used to prove that a latent defect does exist. Furthermore,
you are required to fully discuss the "voetstoots" term which Calvin has referred to.
2 Will Jerry have a claim against Calvin? Explain fully.
In South African law, there is a general implied warranty that goods sold are of merchantable quality.
Jerry will have a claim against Calvin for the latent defect in the clutch.
Why will Jerry have a claim ?In South African law, it is implied that goods must be fit for the purpose for which they are intended, and that they must be free from defects that would make them unfit for that purpose.
The term "voetstoots" is Afrikaans for "as is". It is a term that is often used in sales contracts to indicate that the seller is not making any warranties about the condition of the goods being sold.
In the case of Jerry and Calvin, the fact that the vehicle was sold "voetstoots" does not mean that Jerry cannot claim against Calvin for the latent defect in the clutch. This is because the warranty against defects is a statutory warranty, and it cannot be excluded by contract.
Jerry will have a claim against Calvin for the latent defect in the clutch. This is because the defect existed at the time of sale, it was not apparent on reasonable inspection, and it made the vehicle unfit for the purpose for which it was intended.
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what is double distribution method in cost measurement with real
example please?
Double distribution method is a cost accounting method that involves allocating costs based on two different measures. It is used when a single cost driver cannot fully explain the variation in costs.
The method involves identifying two cost drivers and allocating costs based on the relationship between them. One driver is used to allocate fixed costs, while the other is used to allocate variable costs. Here is a real example to illustrate how the double distribution method works:Suppose that a company produces two products, A and B. It incurs both fixed and variable costs in the production process.
The company has identified two cost drivers: direct labor hours (DLH) and machine hours (MH). The fixed costs are allocated based on MH, while the variable costs are allocated based on DLH. The following data is available:
Fixed costs: $10,000Variable costs: $20,000DLH: 2,000MH: 500
Product A requires 1,500 DLH and 200 MH, while product B requires
Using the double distribution method, we can allocate the costs as follows:
Fixed cost allocation: ($10,000/500) x 200 = $4,000 for product
A and ($10,000/500) x 300 = $6,000 for product B Variable cost allocation:
($20,000/2,000) x 1,500 = $15,000 for product A and ($20,000/2,000) x 500 = $5,000
The total cost of producing product A is $19,000 (fixed cost + variable cost) and the total cost of producing product B is $11,000.
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Project integration management enables various processes to work together through proper coordination. This is often achieved by making trade-offs between competing objectives. Explain how trade-offs can be made by selecting the relevant steps and processes a project manager might have to undertake in meeting stakeholder expectations. Use examples from the project management perspective to substantiate your explanation ?
Project integration management refers to the coordination of various processes to work together through proper collaboration. Project managers can make trade-offs by selecting the relevant steps and processes they need to undertake to meet stakeholder expectations.
The following are the steps and processes that a project manager might have to undertake in meeting stakeholder expectations.Initiation: During this phase, the project manager needs to identify the stakeholders, including their requirements and expectations, and align them with the project goals. For example, the project manager can identify the stakeholders who want to complete the project on time, budget, and quality.
Planning: During this phase, the project manager needs to develop the project management plan that outlines how the project will be managed, executed, and monitored and controlled. The project manager can select the relevant steps and processes to ensure that the plan meets the stakeholder's expectations. For example, the project manager can identify the stakeholders who want regular updates on the project progress, budget, and scope execution.Executing: During this phase, the project manager needs to execute the project activities and tasks as per the project management plan. The project manager can select the relevant steps and processes to ensure that the execution of the project meets the stakeholder's expectations.
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Three siblings, Barry, Carrie and Darren invent the world's first teleporter. As such, they patent the technology and together create a firm that holds a monopoly in the market for teleporters. After the first year of operation, they sell their firm for $1.2 million. Each of the three siblings contributed equally to the firm's success and are debating how to divide the sale money between themselves. Which of the following are Pareto efficient allocations of the profit between the siblings (all values in thousands of dollars)? O a. 1080, 1080, 40 O b. 300, 300, 300 c. None of the other answers O d. 1200, 1200, 1200 O e. 800, 200, 200 Clear my choice
Pareto-efficient allocations are such allocations where none of the siblings can be made better off without making any of the other siblings worse off.
A Pareto efficient allocation does not give preference to any sibling over the other, so the allocation must be equal or symmetric among the siblings.
Although it does not guarantee equality or justice, Pareto efficiency suggests that resources are distributed in the most economically advantageous way.
When no economic adjustments can make one person better off without making at least one other person worse off, the economy is considered to be in a Pareto optimal state.
Therefore, the Pareto efficient allocations of the profit between the siblings are:(a) 1080, 1080, 40
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