The Sherman Antitrust Act of 1890 established the practice of manufacturer suggested retail prices.
What established the practice of manufacturer suggested retail prices?One of the most significant pieces of legislation in the broad debate over free trade—and an effort to prevent artificial scarcity through price fixing—is the Sherman Antitrust Act of 1890.As a result, you were no longer able to compel anyone who were selling your goods to fix a price.Manufacturers frequently offer a suggested retail price.Retailers frequently post the manufacturer's suggested retail price online for all customers to see.In addition to this pricing, the shop will also list a purchase price that is less than what the manufacturer suggests.To learn more about Sherman Antitrust Act refer,
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1. A manager increases___by seeking feedback and reflecting on how her personality affects her behavior and impacts other people.
A manager increases her self-awareness by seeking feedback and reflecting on how her personality affects her behavior and impacts other people.
What is self-awareness?Self-awareness is the experience of one's own identity or uniqueness, according to self-help philosophy. It should not be confused with qualia-based awareness. While self-awareness is the realization of that awareness, consciousness is the awareness of one's surroundings, body, and lifestyle.
Being self-aware means having a solid awareness of who you are, including your feelings and personality. Learning to better understand your emotions and your behavior is a key component of developing self-awareness.
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banks decide to do away with fees charged to noncustomers when they use another bank's atm increasing there disposable income. if the fed wants to maintain the same federal funds rate, it should:
As banks decide to do away with fees charged to noncustomers when they use another bank's atm increasing there disposable income. if the fed wants to maintain the same federal funds rate, it should sell Treasury bills.
What is the Federal Funds Rate about?In economics, the federal funds rate means the target interest rate set by the Federal Open Market Committee and this target of the rate is at which the commercial banks borrow and lend their excess reserves to each other overnight.
The Federal Open Market Committee, which is the policymaking body of the Federal Reserve System meets 8 times a year to set the target federal funds rate which is part of its monetary policy and it is used to help promote economic growth.
The FOMC makes decisions about rate adjustments based on key economic indicators that may show signs of inflation, recession, or other issues that can affect sustainable economic growth and the indicators can include measures like the core inflation rate and the durable goods orders report.
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How many peaks has amazon’s ceo of worldwide stores, doug herrington, been at amazon?.
+7K%, Sbf and +6K%, Moderna are peaks of amazon’s ceo of worldwide stores, doug herrington, been at amazon.
The end of the year is a busy time for Amazon's warehouse facilities. Peak is the term used by Amazon to describe this time.
Peak season falls on significant occasions like Christmas and Thanksgiving. For associates who work in Amazon facilities and in occupations that are close to warehouses, like Amazon Flex and DSP drivers, peak may be rather chaotic. Associates frequently work 50 to 60-hour weeks during peak times, with 12-hour shifts.
This occurs when employees are compelled to work overtime during consecutive weeks of mandatory extra time (MET) (usually an extra hour every work day with an additional 10 to 12-hour day each week).
In most Amazon facilities during the busiest time of year, vacation is typically frozen. These are referred to as the blackout period. PTO and UPT can be requested as usual.
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When actions by individuals in an organization are directed toward the goal of furthering their own self-interests, this is known as.
When actions by individuals in an organization are directed toward the goal of furthering their own self-interests, this is known as Organizational Politics
What is Organizational Politics?Organizational politics refers to informal, unofficial, and occasionally covert actions taken to advance ideas, influence organizations, consolidate power, or accomplish other specific goals.Politics has existed for thousands of years. According to Aristotle, politics is a result of a variety of competing interests that must be reconciled in some way. When interests are fundamentally at odds, "rational" decision-making alone may not be effective, which leads to political behaviors and influence methods.Working in companies today demands the ability to manage competing agendas and evolving power structures. Effective politics is about keeping relationships while accomplishing objectives, not about winning at any costs. Organizational politics are not necessarily bad, despite how they are sometimes depicted. Instead, in order to reduce organizational politics' detrimental impact, it's critical to be conscious of their potentially damaging elements. Of course, people within of organizations might squander time by acting excessively politically. According to research cited in HR Magazine, managers squander 20% of their time on politics.
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What is the purpose of an advance directive?
A. It removes the burden of making end-of-life decisions for loved
ones.
B. It removes the burden of creating a final will.
C. It provides direction for estate planning and distribution.
D. It directs loved ones to make end-of-life care decisions.
SUBMIT
The correct option is option D. It directs loved ones to make end-of-life care decisions.
What is an Advance directive?
In the event that you are unable to make your own medical decisions, an advance directive is a legal document that specifies how you want those decisions to be made.
An advance directive is intended to direct your healthcare team and loved ones when they must make these decisions on your behalf or to designate who will act on your behalf in the event that you are unable to. Your healthcare team may decide to take special measures or provide emergency care in certain medical decisions. You can plan ahead and decide on the type of care you desire with the use of an advance directive.
Advance directives only apply to decisions regarding medical care; they have no bearing on financial or material considerations. From state to state, there are variations in the legislation governing advance directives.
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11. Which one of the following terms is defined as an option that would have a positive payoff if exercised now?
A. in-the-money option
B. out-of-the-money option
C. straddle
D. crossed option
E. cash-settled
An in-the-money option is defined as an option that would have a positive payoff if exercised now. Thus, option 'A' is the correct option.
What is an in-the-money option?Due to the correlation between the striking price and the current market price of the underlying asset, an option that is in the money offers a chance to benefit. A call option that is in the money allows the holder to purchase the securities for less than their current market value.
An option will automatically convert to long or short shares of stock in the underlying if it expires in the money. At the strike price, 100 long shares of stock are created from 100 long calls. 100 short shares of stock at the strike price are equivalent to 100 short calls.
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Conducting a search of the store is part of store closing duties.Why?
Searching for the store is one of the store closing duties so no work or the detailing of the extra work to be done is being overlooked.
What are the Store closing duties?Store closing duties are one of the most important duties which is a must and also needs to be followed the most important thing regarding the store closing duties are to in an organized manner to close down the hops and also to move on freely for over some time.
The Store closing duties include a lot of things including the most important and also the only way of carefully carrying out the most essential form of few steps that to look after the shops, the customers as well as the way a sho needs to close before anything else.
Store closing duties are also carried out very carefully and it is the most important responsibility of the store owners.
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Andre is a plant manager. When he learns that inaccurate rumors which may be harmful to the company are being spread through the grapevine, what should he do?
Andre would have to dispel the rumors as well as sue the people that are responsible for the spread of such rumors.
What is a rumor?A rumor is a piece of information that is being spread without verification that it is accurate. You shouldn't place a lot of faith in rumor and speculation, for example, since rumor can also refer to widespread hearsay. Rumor is a verb that implies to report or disseminate rumors.
Glamour and rumors have long been appealing literary subjects. The four basic sorts of rumors are desire rumors, fear or bogey rumors, wedge-driving or aggressive rumors, and anticipatory rumors. Social scientists have even researched the subject.
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Cities with local datums also have designated official local
OA) data points.
B) data lines
C) benchmarks.
D) plat lines.
Option (c) is the best choice. Cities having local datums also have official local benchmarks assigned for them.
What does a legal description's datum mean?A datum is used by surveyors to indicate the height or depth of a property as an official elevation point. All surveys in the area will display elevation as a distance above or below 100 feet above sea level, for instance, if the datum for the area is a point 100 feet above sea level.
What differentiates a datum from a benchmark?Although the word "datum" has many other meanings, in design and construction it is used to describe a vertical measurement in reference to a standard elevation, such as sea level. Some people conflate the terms "benchmark" and "datum" interchangeably. A benchmark is a datum in and of itself, that much is true.
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14. What has been the impact on Canadian manufacturing jobs from global competition?
The impact on Canadian manufacturing jobs from the global competition is that the skill level required has declined.
What is global competition?Global competition is a form of international competition in which the position of a company in one country affects the competitive position in other countries. We can see that the enterprises are competing among themselves to be on top because of this the economy is globalizing.
The position or strength of a company is realised through their increase in their competitiveness. The higher the level of development of a company that determines the competitiveness of the company the more the company is stable.
Therefore the success of a business depends on how competitive its products are.
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Describe the needs for achievement, power, and affiliation, and how these needs affect work behaviour. Review the hygiene and motivators in the two-factor theory. Are there any hygiene factors that you would consider to be motivators and vice versa
The desire to attain exceptional results by setting high standards and working to meet them is referred to as a need for achievement. It is a persistent desire to do things better.
What is a two-factor theory?Herzberg's Motivation Theory model, also known as the Two Factor Theory, identifies two elements that influence workplace motivation. These are both hygiene and motivating elements. If hygiene variables are not present, an employee will work less. If motivating factors are present, they will push
The goal of the need achievement theory is to explain why some people are more motivated to succeed than others. It is founded on two psychological principles: an individual's desire for success and an individual's desire to avoid failure.
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According to the reading, what can make an honest competitive assessment difficult?.
According to the reading, emotional attachment to your idea can make an honest competitive assessment difficult.
What is competitive assessment?A competitive analysis is a review of the rivalry in a certain market with the goal of guiding business choices. Creating a list of competitors and a profile for each one that includes details such as the kinds of goods and services they offer, their market share, their marketing approaches, and any standout strengths and flaws is the norm for an assessment. Comparisons between a company's unique goods and services and those of rival companies may also be part of the assessment.A competitive assessment's goal is to assist managers in taking competitors' presence into consideration while making company choices. Knowing the advantages and disadvantages of rival businesses can help managers take advantage of their advantages, imitate their shortcomings, or steer clear of areas where their rivals excel. Making poor business judgments might occur when rivals are not taken into consideration. It might not be a good idea to open a similar store in an area where there are already an established vehicle repair shop, for instance. A new business that focuses on distinct or complementary services, however, might have a higher chance of succeeding.To learn more about competitive assessment, refer to
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A coworker has asked you to help him with something very important. You have a lot of work to do yourself. Which statement is MOST like how you would respond? Which statement is LEAST like how you would respond?
You'll help him as soon as you finish
You're sorry but have too much work to do
Stop what you're doing and help him
Tell him to find someone else and get me if no one is available
The MOST likely statement would be You'll help him as soon as you finish, the LEAST statement would be You're sorry but have too much work to do.
Maintaining a solid workplace depends on helping your coworkers. Supporting people at work has additional advantages as well, such as:
Morale can be raised by being helpful when assistance is required.
Support: Your coworkers may be more inclined to support you if you support them.
Leadership: Being helpful to others is a crucial attribute for acquiring leadership abilities.
Health: A cheerful workplace can lower stress and enhance your well-being.
Productivity: Colleagues are frequently able to work more productively when they support one another and collaborate.
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What determines aggregate demand?
According to the research, the correct answer is Consumption, investment, public spending, exports and imports. These aspects determine aggregate demand.
What is aggregate demand?It is a macroeconomic indicator that directly affects economic life and since it encompasses the economy in a specific area (usually a country) during a certain period, totaling the total amount of goods and services purchased.
In this sense, in this way the expenses and components of the demand are determined by:
Household consumption demandInvestment of companies or domestic economiesGovernment spending (Purchases of goods and services by the public sector)Difference between exports and imports.Therefore, we can conclude that according to the research, aggregate demand is the result of the circular flow of income and expenditure determined by Private Consumption, Investment, Public Expenditure, etc.
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The sum of consumption, investment, government spending, and net exports is aggregate demand. Numerous factors, such as changes in income, taxes, expectations for future income, and shifts in wealth levels, can affect consumption.
What is aggregate demand?The overall demand for final goods and services in an economy at a certain period is known as aggregate demand or domestic final demand in the field of macroeconomics.
Effective demand is a common name for it, however other times this term is used to make a distinction. This is a country's demand for its gross domestic output. It details the volume of goods and services that will be bought at every price point.
The aggregate demand is made up of investment, business and government expenditures, consumer spending, and net exports.
The aggregate demand curve shows the relationship between two variables: the required amount of output and the general price level. The function of a constant nominal money supply level is used to express aggregate demand.
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Seminole Company began the year with 23,000 units of product in its January 1 inventory costing $15 each. It made four purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 40,000 units of its product remain in inventory.
The total cost of the units available for sale during the year equals to $3,150,000.
What is total cost of units?Basically, an unit cost means the total expenditure incurred by a company to produce, store and sell one unit of a particular product or service. Its includes all of the fixed and variable costs associated with the production of a good or service.
The computation of the number and total cost of units available for sale are as follows:
= 23,000 units in beginning inventory * $15
= $345,000
= 30,000 units purchased * $18
= $540,000
= 39,000 units purchased * $20
= $780,000
= 23,000 units purchased * $25
= $575,000
= 35,000 units purchased * $26
= $910,000
Therefore, for the 150,000 units, the cost available for sale equals to the amount of $3,150,000.
Missing wordings "Mar. 730,000 units at $18 each, May 2,539,000 units at $20 each, Aug. 123,000 units at $25 each, Nov. 1,035,000 units at $26 each. Requirement: Compute the number and total cost of the units available for sale during the year".
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why are so many businessess choosing a limited liability company (LLC) form of ownership?
A limited liability company (LLC) is a popular choice among small business owners for the liability protection, management flexibility, and tax advantages this form of business entity often provides.
What does the Social Security tax provide money for?
(Select the best answer.)
O Medical benefits for people ages 65 and over
O Unemployment
O Income for retired and disabled people and their families
O FUTA
?
This year Andrews achieved an ROE of 12.9%. Suppose management takes measures that decrease Asset turnover (Sales/Total Assets) next year. Assuming Sales, Profits, and financial leverage remain the same, what effect would you expect this action to have on Andrews's ROE?
Andrew's Return on Equity (ROE) will reduce if the management takes measures to the decrease Asset turnover in the next year.
What is ROE?Return on equity (ROE) is a financial performance metric that is calculated by dividing net income by shareholders' equity. Because shareholders' equity equals a company's assets minus its debt, ROE is also known as return on net assets.
Using the Dupont formula, ROE can be determined using :
ROE = Net profit margin x Asset turnover x Financial leverage
ROE = (Net income / Net Sales) x (Net Sales/Total Assets) x (Total asset / Common equity)
If net profit margin and financial leverage remain the same and asset turnover is reduced, ROE would reduce.
Therefore, the ROE of Andreas will reduce the next year if the management decreases the Asset turnover ratio, Sales, Profits, and financial leverage remaining unchanged.
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Restart Exam
What major change was made to accessing data in Excel 2016?
All data is added to a table in a workbook.
It automatically creates VLOOKUP formulas to connect multiple tables.
Uses a new "engine" based upon Power Query.
You will never need technical assistance when connecting to data sources
Confirm.
Uses a new "engine" based on Power Query. the major change was made to accessing data in Excel 2016, Thus option (C) is correct.
What is the database?A database is an ordered collection of data that is stored and retrieved electronically in computing. Small databases can be kept on a file system, whereas large databases are kept on computer clusters or in the cloud. A database is a structured collection of information. They enable electronic data storage and manipulation. Databases simplify data administration.
The Business Intelligence (BI) features are the key differences between Excel 2016 and 2013. They may be found on the Insert and Data tabs and consist of a Power Maps tool, a Forecast Sheet function, and a number of new chart kinds.
Therefore, Thus option (C) is correct.
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What is a net worth statement?
It is a listing of an individual’s net income minus their expenses, calculated on a monthly basis.
It is a spending plan based on income and expenses.
It is a listing of what an individual owns minus what they owe.
It is an invoice.
The net worth statement is a listing of what an individual owns minus what they owe.
What is a net worth statement?Using a net worth statement, you can view your financial situation at any given time. It is comparable to a "financial snapshot," showing the dollar amounts of your assets and liabilities (liabilities or debts). The value that remains after deducting liabilities from assets is simply referred to as a person's net worth.
Liabilities include obligations such as mortgages, credit card balances, student loans, and auto loans. In addition to debts that must be repaid, liabilities can also include tax and bill commitments. You can determine your net worth by deducting all of your debts and liabilities from your assets. You can be prohibited from selling products that are difficult to sell or intangible.
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many locations require that renters be paid interest on their security deposits. if you have a security deposit of $1,800, how much would you expect a year at 3 percent?
If many locations require that renters be paid interest on their security deposits. if you have a security deposit of $1,800, the amount you would expect a year at 3 percent is: $54.
How to find the expected amount?Using this formula to find the expected amount
Expected amount = Security deposit × Rate
Where:
Security deposit = $1,800
Rate = 3%
Let plug in the formula
Expected amount = $1,800 × 3%
Expected amount = $54
Therefore the expected amount is $54.
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Which act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal?.
Gramm-Leach-Bliley Act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal.
The Gramm-Leach-Bliley Act requires financial institutions (companies that provide financial products or services to consumers, such as credit, financial or investment advice, and insurance) to explain their information-sharing practices to their customers and Obliged to protect.
GLBA requires entities that qualify as “financial institutions” to take a number of positive steps to prevent the unauthorized collection, use and disclosure of NPIs. These obligations are imposed by two "rules": (i) Privacy Rules and (ii) Security Rules.
To comply with the GLBA, financial institutions must provide customers with notice of how they share their confidential information and the right to opt out if they do not want their personal information shared with third parties. be notified and apply special protective measures. to personal data in customer accounts.
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Why did Congress adopt the WARN Act?
WARN (Worker Adjustment and Retraining Notification Act) (29 USC 2100 et seq.) - Protects workers, their families, and communities by requiring that most employers with 100 or more employees give notice of plant closings and mass layoffs 60 calendar days in advance.
This aids in the adaptation of both communities and workers to the effects of industrial closures and layoffs. Congress created the Worker Adjustment and Retraining Notification Act (WARN) in August 1988 to provide employees enough time to look for alternative employment or retraining options before their jobs were eliminated.
When an eligible plant closes or there are mass layoffs, the Worker Adjustment and Retraining Notification (WARN) Act helps to assure advance notice. Workers and employers can use compliance support materials from the U.S. Department of Labor to better understand their rights and obligations under WARN's rules.
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"Based on your understanding of the risks associated with different mortgage loan types, which of the following mortgage loans would be considered the safest with respect to default risk?
a. ARM loans
b. alt-A mortgage loans
c. qualified mortgage loans
d. subprime mortgage loans o"
Qualified mortgage loans are the safest loans with respect to default risk. The correct answer is option C.
What is a mortgage loan?A mortgage loan is a loan used either by purchasers of property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property . A legal mechanism is put into place which allows the lender to take possession and sell the secured property to pay off the loan in the event the borrower could not pay the loan amount or did not abide by its term.
A Qualified Mortgage is a category of loans that have less risky features. If a loan is a Qualified Mortgage it means the lender met certain requirements and it is assumed by the lender that the borrower have the ability to repay .
Therefore, the safest mortgage loan with respect to default risk is qualified mortgage loan.
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a taxpayer may choose to accept a reduced market rate of return on an investment to take advantage of a tax preference associated with the investment. in such case, the taxpayer will pay a/an:
If a taxpayer may choose to accept a reduced market rate of return on an investment to take advantage of a tax preference associated with the investment. in such case, the taxpayer will pay a/an: Implicit tax.
What is Implicit tax?Implicit tax can be defined as the extra amount that a person pay for an assets if the owing the assets does not include any form of benefit. on the other hand it can as well be defined as the decline in the income of a person after deducting all necessary deduction such as tax in a situation were the income of the person increase.
A taxpayer that choose top accept reduced market rate of return on their investment or assets due to the benefit they want to derived for doing that will have to pay implicit tax.
Therefore this is an example of implicit tax.
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In 1989, the cpi was 124. 0. In 1990, it was 130. 7. What was the rate of inflation over this period?.
Inflation rate in Year 2
= CPI in Year 2 - CPI in Year 1 X 100
CPI in Year 1
= 5.4
If inflation remains extended for too long, it can lead to something economists call hyperinflation. That is when expectations that fees could keep growing fuel greater inflation, which reduces the actual fee of every dollar in your pocket.
Economists and economic professionals agree on one element: better fees will in all likelihood close nicely into the next 12 months if no longer. And means individuals will keep experiencing the ache of higher fees for the foreseeable destiny.
Inflation will harm folks who keep cash financial savings and workers with constant wages. Inflation will benefit people with massive money owed who, with growing prices, locate it less complicated to pay back their debts.
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Poston Company uses an accelerated depreciation method for tax purposes rather than straight-line depreciation for new asset acquisition. Which of the following choices correctly shows when the majority of depreciation would be taken (early or late in the asset's life), when most of the tax savings occur (early or late in the asset's life), and which depreciation method would have the higher present value?
When Majority of Depreciation is Taken When Majority of Tax Savings Occur Depreciation Method with Higher Present Value
A. Early in life Early in life Accelerated
B. Early in life Early in life Straight-line
C. Early in life Late in life Straight-line
D. Late in life Late in life Straight-line
E. Late in life Early in life Accelerated
Multiple Choice
Choice A
Choice B
Choice C
Choice D
Choice E
The majority of the depreciation would be taken early in the asset's life, most of the tax savings would occur early in the asset's life and the deprecation method that would yield the higher present value is the accelerated deprecation method. (option A)
What is the straight line depreciation method and the accelerated deprecation method?Depreciation is a method that is used to expense to cost of purchasing an asset.
The straight line depreciation is a depreciation method that declines the value of an asset linearly over the useful life of the asset. The depreciation expense each year is the same.
The accelerated depreciation is a depreciation method in which the depreciation expense is higher in the earlier years of the asset that in the later years of the asset. A type of accelerated depreciation is the double declining method where the depreciation expense is twice that of the straight line method.
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The sharing economy requires companies to be _____ flexible in how they organize their activities.
The sharing economy requires companies to be more flexible in how they organize their activities.
WHAT IS A SHARING ECONOMY?In the sharing economy, short-term peer-to-peer transactions are used to share the use of unused goods and services or to encourage teamwork.A type of online marketplace that links buyers and sellers is frequently used in the sharing economy.Despite its rapid expansion and evolution, the sharing economy still has a lot of obstacles to overcome, including legislative ambiguity and misuse worries.
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The sharing economy requires companies to be more flexible in how they organize their activities.
What is sharing economy?The peer-to-peer (P2P) activity of purchasing, providing, or sharing access to products and services is known as the sharing economy. This economic model is frequently enabled by a community-based online platform. The sharing economy is a socioeconomic structure based on capitalism that emphasizes resource sharing. It frequently involves a different method of buying goods and services than the conventional business model, which involves employers hiring workers to create commodities that are then sold to customers.Short-term peer-to-peer transactions are used in the sharing economy to share the use of unused commodities and services or to promote teamwork.In the sharing economy, a specific kind of online marketplace that connects buyers and sellers is widely used.The sharing economy still faces many challenges, such as legal ambiguity and misuse concerns, despite its rapid expansion and evolution.To learn more about sharing economy refer to:
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High quality, rapid decision making is necessary in industries characterized by constant, turbulent change in products, ______, and technology.
Characterized by a constant, turbulent change in products, markets, and technology.
What is a turbulent change?Reorganizations. Rejecting projects. Promotions. modern technology changes management. Cost reductions. new regulations a shift to a different building.These are all illustrations of significant transformation. Although everyone reacts to change differently, practically any significant shift can leave you feeling as though everything has been flipped upside down. Even while you work to adapt to the change, you might discover that you start to get distracted, worn out, or preoccupied. You might also start to feel anxious, scared, angry, or doubtful. Turbulence is exhibited in these processes, and turbulence in response to change is common.The occasional turbulence you see on airplanes, in the opinion of pilots, poses no danger to the aircraft. Even though you might think you're about to die, planes don't crash as a result of your fear.To learn more about turbulent change refer to:
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Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $375 and $60, respectively. The equivalent units to be assigned costs are as follows:
Equivalent Units
Direct Materials Equivalent Units
Conversion
Inventory in process, October 1 0 320
Started and completed during October 14,800 14,800
Transferred out of Rolling (completed) 14,800 15,120
Inventory in process, October 31 1,200 300
Total units to be assigned costs 16,000 15,420
The beginning work in process inventory on October 1 had a cost of $318,560. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.
Line Item Description Amount
Completed and transferred-out production $fill in the blank 1
Inventory in process, October 31 $fill in the blank 2
Total costs assigned by the Rolling Department
1. Begining work in process is included in completed and transferred production.
2. Begining Cost is included in calculation of equivalent units.
Formula = equivalent unit × rate.
A. Completed and transferred out production
Direct material = 50,000×$0.75 = $37,500.
Conversion = 52,000×$2.65 = $1,37,800.
Total amount for completed and transferred out = $175,300.
B. Inventory in process
Direct Material = 4000×$0.75=$3000
Conversion = 1600×$2.65=$4240.
C. Total cost assigned by rolling department
Direct material cost A + cost B
$ 37,500 + $ 3000 = $40,500.
Conversion cost A + cost B
$ 137800 + $ 4240 = $142040.
Production is the technique of mixing numerous cloth inputs and immaterial inputs (plans, information) so that it will make something for intake (output). It's far the act of making an output, an excellent or carrier which has fee and contributes to the application of people.[1] The region of economics that makes a speciality of manufacturing is referred to as production idea, that's intertwined with the consumption (or consumer) idea of economics. Four elements of manufacturing (Jiang, 2020) The production procedure and output at once result from productively utilizing the authentic inputs (or elements of manufacturing). Referred to as number one producer items or services, land, labour, and capital are deemed the three essential production elements. Those number one inputs are not appreciably altered inside the output system, nor do they emerge as an entire aspect in the product.
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