Land use patterns develop over time and reflect the movement and growth of communities. These patterns are influenced by spatial migration and contribute to the formation of different land uses.
Land use patterns refer to the arrangement and distribution of different activities and functions across a geographic area. They are shaped by various factors such as population growth, economic activities, infrastructure development, and government policies. These patterns evolve over time as communities expand, migrate, and change their spatial distribution.
The development of land use patterns involves the establishment of residential areas, commercial zones, industrial sectors, and recreational spaces. It also includes the allocation of land for agriculture, transportation networks, and public facilities. Understanding land use patterns is crucial for urban planning, resource allocation, and sustainable development.
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In The Meaning of Competition, economist Friedrich Hayek questioned an assumption of so-called perfect competition-that all products are identical. He wrote that the goal of all businesspeople is to make their products differ from those of their competitors. How does this relate to Schumpeter's thoughts on the textbook emphasis of pushing price down to average cost? O Prices often stay above average cost.
O Firms focus on constraining entry. O Competition is about innovation. O Competition focuses on making the most out of opportunity costs.
The correct answer to the given question is "Competition is about innovation."In The Meaning of Competition, economist Friedrich Hayek questioned an assumption of so-called perfect competition - that all products are identical.
He wrote that the goal of all businesspeople is to make their products differ from those of their competitors. This relates to Schumpeter's thoughts on the textbook emphasis of pushing the price down to average cost as competition is about innovation.Schumpeter believes that there are five main types of innovation: the creation of a new product or service, the introduction of a new production method, the opening up of a new market, the acquisition of new resources, and organizational changes. Competition is essential because it encourages businesses to innovate by creating new products and services, lowering costs, and improving the quality of their goods. This is what Schumpeter meant when he said that competition is about innovation.
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A wine merchant buys a case of wine for a listed price of $160 less 22% from a wine distributor. Markup is 38% of selling price. For how much should the item be retailed? a. 180.98 b. 182.55 c. 201.29 d. 269.38 e. 172.22 How many months would it take to earn $1210 on a deposit of $50000 at 9%? a. 3.68 b. 2.3 c. 0.25 d. 3
e. 3.23
To find the retail price, we need to first find the merchant's cost of the item. Let's calculate it below.Cost of the case of wineListed price = $160Discount = 22% of $160= $35.2Therefore, the wine merchant's cost of the case of wine is $160 - $35.2 = $124.8Now, we can use the cost and markup rate to find the selling price.
Selling price = Cost + MarkupSelling price = $124.8 + 38% of selling priceSolving for selling price using algebra: 0.62 × Selling price = $124.8Selling price = $124.8 / 0.62 = $201.29Therefore, the item should be retailed for $201.29.Option C is the correct answer. We can use the formula for compound interest to solve the problem. Let's plug in the given values and solve for the time period.
T = (1/n) x (log(P/A) / log(1 + r/n))where P is the principal. Principal = $50,000Amount = $50,000 + $1,210 = $51,210Interest rate = 9% per yearCompounding frequency = 12 times per yearT = (1/12) x (log(51,210/50,000) / log(1 + 0.09/12))Using a calculator, we get:T ≈ 3.68Therefore, it will take about 3.68 months to earn $1210 on a deposit of $50000 at 9%.Option A is the correct answer.
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On January 2, 2022, Wright Company purchased land that cost $650,000, a building on the land that cost $1,470,000, and equipment that cost $33,000. The building has an estimated useful life of 21 years. The equipment has an estimated useful life of 6 years. Prepare the property, plant, and equipment section of the balance sheet as of December 31, 2022.
Accumulated depreciation for the building is $70,000 (21/21$1,470,000) and accumulated depreciation for the equipment is $5,500 (6/6$33,000). Therefore, the net property, plant, and equipment is $2,038,000.
The property, plant, and equipment section of the balance sheet shows the company's long-term assets that are used in its operations.
These assets are typically depreciated over their useful lives, which reduces their value on the balance sheet over time.
In the case of Wright Company, the building has an estimated useful life of 21 years and the equipment has an estimated useful life of 6 years. Therefore, the accumulated depreciation for the building is $70,000 (21/21$1,470,000) and the accumulated depreciation for the equipment is $5,500 (6/6$33,000).
The net property, plant, and equipment is $2,038,000 ($2,153,000 - $70,000 - $5,500). This represents the value of the company's long-term assets after depreciation has been taken into account.
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First blank: decrease or increase
Second blank: decrease or increase
Third blank: decrease or increase
Fourth blank: higher or lower
Fifth blank: an aggressive or a conservative
leverage also increases the risk that shareholders bear. Consider the following case: Newtown Propane is a small company and is considering a project that will require \( \$ 600,000 \) in assets. The"
The return on equity (ROE) for the project is approximately 18.13%.
To calculate the return on equity (ROE) for the project, we need to consider the earnings before interest and taxes (EBIT), the tax rate, and the total equity investment.
Given information:
EBIT = $145,000
Tax rate = 25%
Equity investment = $600,000
First, let's calculate the net income by subtracting the tax expense from the EBIT:
Net income = EBIT * (1 - Tax rate)
Net income = $145,000 * (1 - 0.25)
Next, let's calculate the return on equity (ROE) using the net income and equity investment:
ROE = Net income / Equity investment
ROE = ($145,000 * (1 - 0.25)) / $600,000
ROE = $108,750 / $600,000
ROE ≈ 0.18125
ROE ≈ 18.13%
Therefore, the return on equity (ROE) for the project is approximately 18.13%.
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Companies that use debt in their capital structure are said to be using financial leverage. Using leverage can increase shareholder returns, but leverage also increases the risk that shareholders bear.
Consider the following case:
Newtown Propane is a small company and is considering a project that will require $600,000 in assets. The project will be financed with 100% equity. The company faces a tax rate of 25%. What will be the ROE (return on equity) for this project if it produces an EBIT (earnings before interest and taxes) of $145,000?
18.13%
13.60%
10.88%
14.50%
Which of the following is most likely to be considered an analytical procedure? A>Testing purchases at year-end to determine they were recorded in the proper period.B> Comparing inventory balances to recent sales activities. C>Selecting a sample of year-end receivables for confirmation. D>Reconciling physical counts of inventory to perpetual records.
Option B is the right answer
An analytical procedure that auditors perform is a study of plausible relationships among financial and non-financial data.
Analytical procedures include comparisons, statistical analysis, trend analysis, and ratio analysis. Therefore, among the given options, the following is most likely to be considered an analytical procedure:
Comparing inventory balances to recent sales activities. Hence, option B is the right answer.
An analytical procedure that auditors carry out is a comparison of inventory balances to recent sales activities. Comparing inventory balances to recent sales activities is a means of reconciling the quantity of goods sold to the quantity of inventory available.
As a result, an analytical process is a technique that aids auditors in detecting and evaluating financial data and trends.
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Mention any five responsibilities of the Board of Directors of a
company.
The following are five responsibilities of the Board of Directors of a company:
1. Establishing the company's mission, vision, and values: The Board of Directors is responsible for setting the company's objectives, determining its values, and establishing its mission.
2. Selecting the management team: The Board of Directors is in charge of selecting the company's management team. They also have the authority to remove the management team if they are dissatisfied with their performance.
3. Overseeing the company's operations: The Board of Directors is in charge of overseeing the company's operations to ensure that it is running smoothly and effectively. They should review the company's progress regularly to ensure that it is achieving its goals.
4. Risk management: The Board of Directors is responsible for ensuring that the company's risks are adequately managed. They must assess the risks that the company faces and put measures in place to mitigate them.
5. Protecting shareholder interests: The Board of Directors is responsible for ensuring that the company's shareholders' interests are safeguarded. They should keep the shareholders informed about the company's performance and take appropriate action if the company's performance is below par.
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as capital markets are becoming more integrated, the goal of shareholder wealth maximization a. has been given increasing importance by managers in europe b. has been shown to be a deterrent to raising funds abroad. c. has been altered to include other goals as well d. has lost out to other goals, even in the u.s.
The goal of shareholder wealth maximization in capital markets has been altered to include other goals as well. As capital markets become more integrated, managers in Europe have given increasing importance to this goal.
However, it has not been shown to be a deterrent to raising funds abroad. Additionally, in the US, shareholder wealth maximization has not lost out to other goals.
Overall, the goal of shareholder wealth maximization has evolved to include other objectives.
but it remains a significant focus for managers in Europe and the US, and it does not hinder raising funds abroad.
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Determine the price of a $1.6 million bond issue under each of the following independent assumptions: 1. Maturity 15 years, interest paid annually, stated rate 8%, effective (market) rate 12%. 2. Maturity 15 years, interest paid semiannually, stated rate 8%, effective (market) rate 12%. 3. Maturity 15 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%. 4. Maturity 10 years, interest paid semiannually, stated rate 10%, effective (market) rate 8%. 5. Maturity 10 years, interest paid semiannually, stated rate 12%, effective (market) rate 12%. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1.) Complete this question by entering your answers in the tabs below. Maturity 15 years, interest faid annually, stated rate 8%, effective (market) rate 12%. Note: Round your answer to the nearest whole dollar.
The price of a $1.6 million bond issue with a maturity of 15 years, interest paid annually, stated rate 8%, and effective (market) rate 12% is $1,177,980. The price of a $1.6 million bond issue under the following independent assumptions is given below:Maturity 15 years, interest paid annually, stated rate 8%, effective (market) rate 12%.
Note: Round your answer to the nearest whole dollar.
Using the formula of the price of the bond, the bond price can be calculated as follows:P = PMT × PVA[i,n] + FV × PV[i,n]
Where,PMT = Annual payment = Principal × Annual coupon= $100,000 (1,600,000 × 8%)
PVA[i,n] = Present value of an ordinary annuity= (1 – 1 / (1 + i)n) / iFV = Face value of the bond= $1,600,000
PV[i,n] = Present value of a single payment= 1 / (1 + i)n
where i = Yield rate = Market rate / number of payments= 12% / 1= 12%n = Number of payments = Maturity × number of payments per year= 15 × 1= 15
Now, we can substitute the values in the above formula to get the result as:
P = PMT × PVA[i,n] + FV × PV[i,n]= $100,000 × PVA[12%, 15] + $1,600,000 × PV[12%, 15]= $100,000 × 7.4694 + $1,600,000 × 0.2694= $746,940 + $431,040= $1,177,980
Therefore, the price of a $1.6 million bond issue with a maturity of 15 years, interest paid annually, stated rate 8%, and effective (market) rate 12% is $1,177,980.
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there are numerous differences in formal and informal institutions that govern the rules of the game in different countries. for instance, in india, amazon is not permitted to sell its own inventory, and instead must do business as a platform for indian sellers. what is the term for the inherent disadvantage that amazon faces in india because of its nonnative status? a. location-specific advantage b. liability of foreignness c. institutional void d. country-of-origin effect
The term for the inherent disadvantage that Amazon faces in India because of its nonnative status is Liability of Foreignness. The correct option is b.
The liability of foreignness refers to the challenges and expenses that businesses encounter while operating in an unfamiliar foreign market. These challenges are commonly attributed to cultural variations and a lack of knowledge about the local environment.
The liability of foreignness is a broad term that encompasses a wide range of difficulties that businesses confront while operating in unfamiliar foreign markets. Because Amazon is a foreign company operating in India, it is subject to India's economic, social, and political standards.
It can be tough for foreign businesses to gain the confidence of local residents and to adjust to the institutional arrangements of the host country. Amazon is still subjected to rules and regulations set by the Indian government, despite the fact that it is not a native company.
Amazon had to agree to certain restrictions in order to do business in India, such as selling products only through local retailers and limiting discounts, which was a significant challenge for Amazon. Amazon is facing a liability of foreignness because it must adapt to the Indian culture, laws, and policies while still maintaining its own cultural identity and business model.
Amazon is facing difficulty because of the restrictions placed on it by the Indian government, which are unique to the country. As a result, Amazon is being forced to adapt to a new culture and institutional arrangements while still maintaining its own unique identity and business model.
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INSTRUCTIONS: This exam has 15 MCQs and 2 subjective questions. Each MCQ is worth 2 marks. Each subjective question is worth 10 marks. All questions are compulsory. Notation: Y is the real aggregate domestic output Es/€ is the nominal Dollar per Euro spot exchange rate. Ese/€ is the expected future nominal Dollar per Euro spot exchange rate R$ and R€ refers to the nominal interest rate in Australia and Europe respectively q$/€ is the real Dollar per Euro spot exchange rate. q$/€ is the expected future real Dollar per Euro spot exchange rate r$ and r$ refers to the real interest rate in Australia and Europe respectively QUESTION 14 Choose the correct option. If prices are sticky in the short-run then: A. Relative to a floating exchange rate regime, monetary policy is more effective (in increasing output in the short-run) under a fixed exchange rate regime B. Relative to a floating exchange rate regime, fiscal policy is more effective (in increasing output in the short-run) under a fixed exchange rate regime C. Fiscal policy is completely ineffective under a fixed exchange rate regime D. Monetary policy is completely ineffective under a floating exchange rate regime E. Relative to a floating exchange rate regime, fiscal policy is less effective (in increasing output in the short- run) under a fixed exchange rate regime
In the short run, if prices are sticky, monetary policy is more effective in increasing output under a fixed exchange rate regime compared to a floating exchange rate regime.
do not adjust quickly to changes in demand and supply. In this case, monetary policy, which involves the control of money supply and interest rates by the central bank, becomes more effective in influencing output levels.
Under a fixed exchange rate regime, the central bank commits to maintaining a fixed exchange rate between its currency and another currency, such as the US dollar. In this scenario, if prices are sticky, a decrease in interest rates through expansionary monetary policy can lead to a depreciation of the currency, making exports cheaper and imports more expensive.
This can stimulate domestic production and increase output in the short run.
On the other hand, under a floating exchange rate regime, the exchange rate is determined by market forces and can freely adjust. In this case, if prices are sticky, monetary policy may not have the same impact on output because changes in interest rates may not affect the exchange rate as strongly.
Fiscal policy, which involves government spending and taxation, becomes relatively more effective in influencing output levels.
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Which type of tax is also known as municipal tax? Taxes at the_____level are known as municipal taxes. The two main components of this tax are tax__and sales tax.
The type of tax that is also known as a municipal tax is property tax. Property tax consists of two main components: tax on real property and sales tax.
Municipal taxes refer to taxes imposed by local governments or municipalities on properties within their jurisdiction. The main type of tax that falls under this category is property tax.
Property tax is a tax assessed on real estate, including land and buildings. It is levied by local authorities, such as cities, towns, or counties, to generate revenue for funding local services and infrastructure. Property tax is a significant source of revenue for municipalities, and it helps fund services like schools, road maintenance, public safety, and local government operations.
The two main components of property tax are tax on real property and sales tax:
1. Tax on Real Property: This component of property tax is based on the assessed value of real estate. Local tax assessors determine the value of properties within their jurisdiction, and property owners are then obligated to pay a percentage of that assessed value as tax. The tax rate is typically expressed in mills (thousandths of a dollar) per dollar of assessed value.
2. Sales Tax: While property tax is the primary municipal tax, some municipalities also impose sales tax as an additional source of revenue. Sales tax is a tax imposed on the sale of goods and services. It is typically a percentage of the purchase price and is collected by businesses on behalf of the municipality.
Overall, municipal taxes, specifically property tax, play a crucial role in funding local government operations and services. They provide a stable source of revenue for municipalities to maintain and improve infrastructure, provide essential services, and support the overall development and well-being of the community.
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Share your own experience on how you became a Responsible Traveler.
Becoming a responsible traveler involves adopting a set of principles and practices that prioritize sustainability and respect for the places you visit. To embark on this journey, start by educating yourself about the environmental and cultural aspects of your destination.
Learn about local customs, traditions, and conservation efforts. By understanding the local context, you can make informed decisions that support the well-being of communities and minimize your impact on the environment.
When planning your trip, consider choosing accommodations, transportation, and tour operators that prioritize sustainability and responsible practices. Look for eco-friendly hotels, resorts, or guesthouses that have implemented measures to reduce their carbon footprint, conserve water, and support local communities. Opt for public transportation or eco-friendly transportation options when available, and minimize your use of single-use plastics.
During your travels, be respectful of local cultures and traditions. Dress appropriately, follow local customs, and engage in responsible tourism activities. Support local businesses and artisans by purchasing authentic souvenirs and locally produced goods, rather than contributing to the demand for cheap, mass-produced items that may harm local economies.
Lastly, strive to leave a positive impact on the environment and the communities you visit. Dispose of waste properly, participate in local conservation efforts, and support community-based initiatives. Consider volunteering or donating to local organizations that work towards environmental and social causes.
By incorporating these principles into your travel practices, you can become a responsible traveler, contributing to the preservation of natural and cultural heritage while promoting sustainable development in the places you visit.
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Hi, I want to know the answer to these 2 questions with an explanation for each question. Thank you
Question 7: With a fixed value stock bid, only the bidding company’s shareholders face market and operational risk between the deal announcement and completion date. (True/False)
Question 8: Sydney Ltd. is a publicly listed company in Australia that pays corporate tax at rate of 30%. It is conducting an off-market share buyback under tax determination TD 2004/22. On May 15, 2022 the company announced the buyback price to be $25.50 per share with capital component of $10.50 and the remainder treated as a fully franked dividend. The deemed consideration for the buyback has been determined to be $26.80 per share. Henry is an Australian resident shareholder in Sydney Ltd. who bought 100 shares at $10 per share on September 20, 2021. He pays tax at a marginal tax rate of 20%. Henry’s after-tax proceeds from selling his 100 shares into the buyback are $2,344.00. (True/False)
7.False. Both the bidding company's shareholders and the target company's shareholders face market and operational risks between the deal announcement and completion date in a fixed value stock bid.
In a fixed value stock bid, both the bidding company's shareholders and the target company's shareholders face market and operational risks between the deal announcement and completion date. Here's an explanation:
Bidding Company's Shareholders: The shareholders of the bidding company face market and operational risks because the value of their shares can fluctuate during the period between the deal announcement and completion. Factors such as market conditions, investor sentiment, and company-specific developments can affect the stock price of the bidding company
Target Company's Shareholders: Similarly, the shareholders of the target company also face market and operational risks during the deal process. The stock price of the target company can be subject to fluctuations based on market conditions, investor perception of the deal, and any company-specific events.
Question 8: True. Henry's after-tax proceeds from selling his 100 shares into the buyback are $2,344.00, assuming the provided information is accurate.Henry's after-tax proceeds from selling his 100 shares into the buyback are $2,344.00 because the buyback price of $26.80 per share exceeds his cost of $10 per share. With a marginal tax rate of 20%, he will be subject to a 20% tax on the capital gains from the sale.
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Provide an overview of the company addressing the following:
COMPANY: Walgreens-Boots Alliance, Inc
Describe the company, including business sector, products sold, competitors, and the geographic area where business is conducted.
Discuss cyclicality associated with the company's product sales and any other information relevant to the particular business or its industry. Include any other items relevant to this business or its industry.
Compare the company's advantage and products to relevant industry competitors. Include justification of your competitor selection.
Provide citations for information found.
Walgreens-Boots Alliance, Inc. is a multinational retail pharmacy, health and wellness company operating in the healthcare sector. The company offers a wide range of products and services including prescription drugs and wellness services etc.
It's retail pharmacy brands such as Walgreens, Duane Reade, Boots, and Alliance Healthcare.
In terms of competition, Walgreens-Boots Alliance faces key rivals in the retail pharmacy industry. CVS Health Corporation is a major competitor, operating pharmacies, retail stores and healthcare clinics across the United States.
The company's product sales may exhibit cyclicality due to seasonal variations and fluctuations in healthcare spending. Walgreens-Boots Alliance benefits from its extensive retail network, strong brand recognition, diversified product portfolio and strategic partnerships which contribute to its competitive advantage in the industry.
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In what ways has climate change denialism impacted on Australian
government policy toward climate change? Illustrate your answer
with examples
Climate change denialism has had a significant impact on the Australian government policy towards climate change. Climate change denialism has influenced the Australian government policy towards climate change in several ways. Climate change denialism refers to the refusal to accept the scientific evidence of climate change, despite overwhelming evidence.
Climate change denialism has led to a delay in the implementation of climate policies, thereby increasing the risks associated with climate change.In Australia, climate change denialism has been perpetuated by powerful lobby groups that promote fossil fuel consumption and production. These groups have contributed to the development of a political culture that is hostile to climate action. This political culture has influenced the development of policies that support fossil fuel production and consumption, and that obstruct the implementation of climate policies.
Australia has been one of the few developed countries that have failed to take action on climate change. For example, Australia has been one of the few developed countries that have failed to adopt a carbon pricing scheme. The carbon pricing scheme was aimed at reducing carbon emissions by placing a price on carbon emissions. The scheme was an The government has also provided subsidies to fossil fuel companies, which has further increased the use of fossil fuels. This has been detrimental to the environment and has increased the risks associated with climate change.In conclusion, climate change denialism has had a significant impact on the Australian government policy towards climate change. Climate change denialism has led to the development of a political culture that is hostile to climate action. This has influenced the development of policies that support fossil fuel production and consumption and that obstruct the implementation of climate policies.
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a $1 increase in government purchases will likely have a greater impact on real gdp than a $1 decrease in taxes because: (hint: don't forget about the mpc.) group of answer choices taxes vary directly with income. government spending increases the money supply, tax cuts do not a portion of a tax cut will be saved. government spending increases disposable income, tax cuts do not
A $1 increase in government purchases is likely to have a greater impact on real GDP than a $1 decrease in taxes due to the multiplier effect and the potential for saving a portion of tax cuts.
A $1 increase in government purchases is likely to have a greater impact on real GDP than a $1 decrease in taxes because of the concept of the marginal propensity to consume (MPC).
The MPC refers to the portion of an additional dollar of income that individuals choose to spend.
When the government increases purchases, it injects money into the economy, which increases the overall spending. This increase in spending leads to a multiplier effect, as the initial injection of money circulates through the economy, creating additional income and further increasing spending.
This results in a larger increase in real GDP.
On the other hand, when taxes are decreased by $1, individuals have the option to either spend or save the extra income. Some portion of the tax cut is likely to be saved, which reduces the immediate impact on spending and real GDP.
Additionally, tax cuts do not directly increase disposable income, as they are dependent on individual decisions regarding spending or saving.
In conclusion, a $1 increase in government purchases is likely to have a greater impact on real GDP than a $1 decrease in taxes due to the multiplier effect and the potential for saving a portion of tax cuts.
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A competitive firm received an order to produce Q units. The production process takes labor L and "equipment" K as inputs and is described as follows: Q=AL α
K 1−α
where parameter A>0. The firm wants to optimally choose how many workers to hire at wage w and how many units of equipment to rent at rental rate r to meet this quota. (a) Set up a cost minimization problem. (b) Derive the expressions for the optimal L and K. (c) An engineer offers a chance to upgrade the production process, which would increase the value of A by 10%. What is the maximum price the firm will pay for the upgrade?
a) The cost minimization problem for the firm Minimize C = wL + rK
b) The expression for K in the production constraint equation and solve for K.
c) The maximum price the firm is willing to pay for the upgrade the maximum ΔC they are willing to accept.
The cost minimization problem for the firm set up as follows:
Minimize C = wL + rK
Subject to the production constraint:
Q = AL
²α × K²(1-α)
where:
C is the total cost,
w is the wage rate,
L is the quantity of labor,
r is the rental rate for equipment,
Q is the desired quantity of units to produce,
A is the parameter,
α is the production elasticity of labor (0 ≤ α ≤ 1).
To find the optimal values of L and K, to minimize the cost function subject to the production constraint.
First, rewrite the production constraint as:
K = (Q / (A × L²α))²(1 / (1 - α))
Substitute this expression for K in the cost function:
C = wL + r((Q / (A × L²α))²(1 / (1 - α)))
To find the minimum cost, take the partial derivatives of C with respect to L and set them equal to zero:
∂C/∂L = w - r × (α / (1 - α)) ×((Q / (A × L²α))²(1 / (1 - α)))²((α - 1) / (1 - α)) = 0
Simplify the expression:
w = r ×(α / (1 - α)) × ((Q / (A ×L²α))²(1 / (1 - α)))²((α - 1) / (1 - α))
Solve for L:
((Q / (A × L²α))²(1 / (1 - α)))²((α - 1) / (1 - α)) = w / (r × (α / (1 - α)))
Simplify further and raise both sides to the power of (1 - α):
Q / (A × L²α) = (w / (r × (α / (1 - α))))²(1 - α)
Rearrange the equation and solve for L:
L = (Q / (A × (w / (r × (α / (1 - α))))²(1 - α)))²(1 / α)
If the engineer's upgrade increases the value of A by 10%, the new value of A would be 1.1A. To find the maximum price the firm is willing to pay for the upgrade, we need to calculate the change in the firm's cost due to the upgrade and determine the maximum amount they are willing to pay.
Let C-new the new cost with the upgraded process. The difference in cost can be calculated as:
ΔC = C-new - C
Since C = wL + rK, the change in cost is:
ΔC = w-new ×L - wL + r-new × K - rK
Substitute the expressions for L and K in terms of Q, A, w, and r, and calculate the difference in cost.
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Quantity (in Units) 10. What synonyms are used to signify quantity demanded (Qd), since it's not in our layman vocabulary? Answer: 11. What synonyms are used to signify quantity suppled (Qs), since it's not in our layman vocabulary? Answer: 12. Which of the following would be true of the iPhone 13? Choose all that apply. a. If the Pixel 5 goes on sale, demand for iPhone 13 would drop b. If Apple were to initiate newer technology, supply for the iPhone 13 would shrink c. If cases or the iPhone 13, made by Apple, were to become very hip and cheap, demand for iPhone 13 would increase d. If phone chips become cheaper, supply for iPhone 13 would go up e. If sales taxes were to increase, demand would drop f. If business income taxes were to drop, then supply for iPhone 13 would increase g. If the price of Apple's tablet, the iPad, were to increase, then Apple would reduce supply of its iPhone 13 c. If cases or the iPhone 13, made by Apple, were to become very hip and cheap, demand for iPhone 13 would increase d. If phone chips become cheaper, supply for iPhone 13 would go up e. If sales taxes were to increase, demand would drop f. If business income taxes were to drop, then supply for iPhone 13 would increase g. If the price of Apple's tablet, the iPad, were to increase, then Apple would reduce supply of its iPhone 13 h. If the future expected price of iPhone 13 were to increase, then demand would increase now, but supply would decrease
11. Synonyms used to signify quantity demanded (Qd) include "amount demanded," "level of demand," or simply "demand."
The truth of the phones12. The following statements would be true of the iPhone 13:
c. If cases for the iPhone 13 made by Apple were to become very popular and inexpensive, demand for the iPhone 13 would increase.
d. If the cost of phone chips were to decrease, the supply of iPhone 13 would increase.
f. If business income taxes were to decrease, the supply for iPhone 13 would increase.
g. If the price of Apple's tablet, the iPad, were to increase, then Apple would reduce the supply of its iPhone 13.
h. If the future expected price of the iPhone 13 were to increase, the current demand would increase, but the supply would decrease.
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During 2022, Tommy’s Toys reported the following: long-term debt repayments, $517 million; interest paid, $150 million; proceeds from exercise of stock options, $34 million, and issue of common stock in exchange for land costing $17 million. What is the 2022 net cash flow from financing activities?
The 2022 net cash flow from financing activities is -$616 million.
To calculate the net cash flow from financing activities for 2022, we need to consider the financing-related transactions reported by Tommy's Toys. Let's break down the information provided:
Long-term debt repayments: $517 million (outflow)
Interest paid: $150 million (outflow)
Proceeds from exercise of stock options: $34 million (inflow)
Issue of common stock in exchange for land: $17 million (inflow)
To calculate the net cash flow from financing activities, we subtract the outflows from the inflows:
Net cash flow from financing activities = Inflows - Outflows
Net cash flow from financing activities = ($34 million + $17 million) - ($517 million + $150 million)
Net cash flow from financing activities = $51 million - $667 million
Net cash flow from financing activities = -$616 million
The net cash flow from financing activities for 2022 is -$616 million. This indicates a net cash outflow from financing activities for the year.
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Pepperidge Farms, makers of quality baked goods has increased its sales in the U.S. by a minimum of 15% each year for the past 10 years. In 2021, they will be launching products (3) into a new food space: Specialty Treats for Dogs. This represents an entirely new Customer Segment and as result, will require heavy spend to capture Market Share in this competitive space.
As Marketing V.P., you are preparing a presentation to senior management. One of the items you feel is important to cover is the Cost of Customer Acquisition (CCA). Your Brand Director for Pepperidge Farms Specialty Dog Treats has determined that it will cost $1,000,000 in total for all Marketing activities for these 3 new products with entirely new customers. She estimates that this will result in a total of 5,000 NEW customers in the calendar year 2021. Initial projections are that this will carve out a 7% Market Share for this Market Segment, with sales totalling $500,000 the first year, $1,000,000 in year 2, and $2,800,000 in year 3.
.
A) What is the CCA (Cost of Customer Acquisition) in 2021 for the above projections?
B) Based on the above answer (A), what would be the expected CLV (Customer Lifetime Value) goal for EACH individual customer?
Show your work in addition to your answer
.
.
Please make an illustration or assumption to answer the question if some information is not provided.
A) The cost of customer acquisition in 2021 for the given projections would be $200 per customer.
B) The expected CLV goal for each individual customer would be $1,000,000 for the first year, $2,000,000 for the second year, and $5,600,000 for the third year.
A) CCA or Cost of Customer Acquisition refers to the total cost of convincing a potential customer to buy your product or service.
For the given projections, the cost of customer acquisition in 2021 would be $200 per customer as follows:
CCA = Total marketing activities cost/Number of new customers
CCA = $1,000,000/5,000
= $200.
Thus, the cost of customer acquisition in 2021 for the given projections would be $200 per customer.
B) CLV or Customer Lifetime Value refers to the total revenue a customer can generate for a business over their lifetime.
To calculate the expected CLV goal for each individual customer, we can use the following formula:
CLV = Customer Value x Customer Relationship Duration
CLV = (Sales per year - Cost of Goods Sold per year) x (Customer Lifetime - Customer Churn Rate).
Let's assume that the customer lifetime is 5 years and the customer churn rate is 20%.
Also, the cost of goods sold is not given, so we assume it to be 50% of the sales per year.
Customer Value = Sales per year - Cost of Goods Sold per year Sales per year
= $500,000 (first year), $1,000,000 (second year), $2,800,000 (third year)
Customer Value (first year) = $500,000 - $250,000
= $250,000
Customer Value (second year) = $1,000,000 - $500,000
= $500,000
Customer Value (third year) = $2,800,000 - $1,400,000
= $1,400,000
Customer Relationship Duration = 5 years Customer Churn Rate = 20%
CLV (first year) = $250,000 x (5 - 0.2 x 5)
= $1,000,000
CLV (second year) = $500,000 x (5 - 0.2 x 5)
= $2,000,000
CLV (third year) = $1,400,000 x (5 - 0.2 x 5)
= $5,600,000.
The expected CLV goal for each individual customer would be $1,000,000 for the first year, $2,000,000 for the second year, and $5,600,000 for the third year.
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As a CFO/ Manager, what are the various cost, cash-flow, revenue, and production metrics? What is meant by a firm's production function? Why is it important to differentiate the production and cost in the short-run versus the long-run? What are the various models for a" Long Run Cost Function" as it relates to scale effects? What are some factors which contribute to Economies versus Diseconomies of scale? Why do firms pursue scale benefits in their cost and pricing strategies? Can the performance of these metrics influence a company's access & cost of capital in the financial markets? Explain the following two economic statements regarding interdependence and gains from trade: "Trade makes everyone better off because it allows people to specialize in those activities in which they have a comparative advantage"....What is meant by comparative advantage? "The principle of comparative advantage and specialization applies to countries as well as to people. Economists use the principle of comparative advantage to advocate free trade among countries.....as well as commerce (mutual/voluntary exchange) among individuals"...
As a CFO/Manager, the various cost, cash-flow, revenue, and production metrics are important to determine the current state of the business and also help in decision-making. The production function is a relationship between the quantity of inputs used in production and the quantity of output from the production process.
It is important to differentiate the production and cost in the short-run versus the long-run because the short-run cost of production can be changed by varying the inputs to production, but in the long-run, all inputs are variable, so all costs are variable and can be changed.
There are three types of long-run cost function models: The long-run total cost function, the long-run average cost function, and the long-run marginal cost function. The factors that contribute to economies of scale include the specialization of labor, increasing capital, and increasing operational efficiencies.Firms pursue scale benefits in their costs, as this indicates the firm is able to pay back loans.The principle of comparative advantage means that countries should specialize in producing the goods they can produce at a lower opportunity cost than others. The principle of comparative advantage and specialization applies to countries as well as to people. Economists use the principle of comparative advantage to advocate free trade among countries and commerce (mutual/voluntary exchange) among individuals.
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explain what you think would be the most effective way to help
end world OR local hunger and why? PLEASE cite your source in APA
format.
Hunger is one of the primary issues that human societies face worldwide. While governments and aid organizations provide assistance to hungry people, the global hunger epidemic continues to be a major issue. Here is the most effective approach to resolving world hunger.
The most effective method for resolving world hunger is to focus on agriculture and food supply, rather than simply providing meals to hungry individuals. Global aid initiatives must place greater emphasis on long-term solutions that enable individuals to grow their food and earn a living, as opposed to just distributing food or offering temporary relief.The following are a few suggestions for resolving global hunger and malnutrition:Supporting local farmers: Supporting local farmers can create a dependable food supply chain that could provide dependable income, provide affordable food to consumers, and increase a region's economic growth. Governments can implement measures to promote farming, such as easing land ownership rules, developing cooperative food ventures, and providing subsidies and loans to farmers.Improving infrastructure: The construction of modern roads, irrigation systems, and transportation networks is critical for improving farmers' accessibility to markets and for transporting food more quickly and cheaply, reducing food waste, and improving food distribution systems.Strengthening community-level programs: Community-based programs such as women's groups, farmer cooperatives, and school feeding programs can improve nutrition and increase economic growth. These groups will promote knowledge sharing, create effective food supply chains, and educate people about better food and nutrition practices and promote the utilization of local products.Educational Programs: Educational programs that promote healthy lifestyles, good nutrition practices, and sustainable agriculture are critical in fighting against malnutrition, poverty, and hunger. This approach would involve teaching people how to create and maintain small-scale food systems, how to use locally sourced materials, and how to utilize resources that are available to them.Moreover, making food available to hungry people cannot just be accomplished by giving them food directly. A long-term strategy that entails fixing the food system is required. To end hunger in the long term, we must acknowledge that hunger is the result of political decisions that allow some people to hoard resources while others go hungry.
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Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is collected in the month of sale, 25% is collected the month after the sale, and 5% is collected the second month after the sale. How much cash will be collected in August if sales are estimated as $75,000 in June, $63,000 in July, and $94,000 in August? b
The cash that will be collected in August for Halifax shoes given the sales estimated in June, July, and August are $36,300. To get the answer, we would have to compute for the cash received for sales made in August, July, and June.The sales in June are $75,000, and 30% is collected in cash: $75,000 * 0.30 = $22,500.
The remaining 70% of the sales on credit: $75,000 * 0.70 = $52,500Out of the sales on credit, 65% is collected in the month of sale, which is June in this case: $52,500 * 0.65 = $34,12525% of sales on credit is collected the month after the sale, which is July in this case: $52,500 * 0.25 = $13,1255% of sales on credit is collected the second month after the sale.
Which is August in this case: $52,500 * 0.05 = $2,625Total cash collected in June = $22,500 + $34,125 = $56,625Total cash collected in July = $13,125Total cash collected in August = $2,625Add up all the cash collected for June, July, and August to get the total cash collected:$56,625 + $13,125 + $2,625 = $72,375The total cash collected for June, July, and August is $72,375.
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a certain location of hamish's restaurant has annual fixed costs of $200,000. if an average tab at the restaurant is $60 and the variable costs per tab is $20, how many groups of customers must hamish's serve per year in order to break even?
Hamish's restaurant must serve at least 2500 groups of customers per year to break even.
To break even, the total revenue must equal the total costs. The total cost is the sum of the fixed costs and the variable costs per tab. In this case, the fixed costs are $200,000 and the variable costs per tab is $20. The total cost per tab would be $20 + $60 = $80. To find the number of groups of customers needed to break even, divide the total fixed costs by the total cost per tab. $200,000 ÷ $80 = 2500 groups of customers. So, Hamish's restaurant must serve at least 2500 groups of customers per year to break even.
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A high unemployment rate tells us a large percentage of the labor force is unemployed, but it doesn't tell us why the unemployment rate is high. What measure of unemployment tells us if (i) people are taking longer than usual to find a job, (ii) more people are economic part-time workers, or (iii) more unemployed people are job losers?
This information can help policymakers and analysts develop targeted strategies to address the specific challenges faced by the labor market.
To determine the reasons behind a high unemployment rate, we can look at different measures of employment that provide additional information. The specific measures that can help us understand the underlying causes are:
(i) Duration of Unemployment: This measure focuses on the length of time individuals remain unemployed. If the duration of unemployment is longer than usual, it suggests that people are taking longer to find a job. It indicates the persistence of unemployment and the challenges faced by job seekers in securing employment.
(ii) Underemployment or Part-time Employment: This measure examines the number of individuals who are employed part-time but desire full-time work. If there is an increase in the percentage of part-time workers who would prefer to work full-time, it indicates a higher prevalence of underemployment rather than full employment. This can be an indication of economic conditions that are forcing individuals to settle for part-time work due to a lack of available full-time job opportunities.
(iii) Job Separation Rates: This measure looks at the reasons behind individuals becoming unemployed. It distinguishes between people who are job losers (i.e., individuals who were laid off or terminated) and those who are job leavers (i.e., individuals who voluntarily left their jobs). If the unemployment rate is high due to an increase in job losers, it suggests a higher level of layoffs and business contractions. On the other hand, if the unemployment rate is mainly driven by job leavers, it could indicate individuals leaving their jobs voluntarily in search of better opportunities.
By analyzing these specific measures, we can gain a deeper understanding of the underlying dynamics and reasons contributing to a high unemployment rate.
This information can help policymakers and analysts develop targeted strategies to address the specific challenges faced by the labor market.
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In 2008, Fetzer Vineyards redesigned its bottling process to use a more lightweight bottle by reducing the thickness of the glass and removing the "punt" or indentation at the base of the bottle. The result was to reduce the weight of each wine bottle from a little over 23 ounces to 16 ounces, for a 17% reduction in the amount of glass used per bottle. This reduced the overall glass usage by 2.176 tons in a year in which the company produced about 22 million bottles of wine. Reducing the weight of each bottle also reduced the amount of energy needed to produce it, the amount of fuel required to transport it throughout the supply chain, and the energy needed to landfill or recycle the bottle after consumption. The result was a 15 percent reduction in annual greenhouse gas emissions, or 3,000 tons of CO2 equivalents in the supply chain. Dr. Ann Thrupp, Fetzes's sustainability manager at the time, was quoted as saying: "Lightweighting our bottle is a double-bottom line innovation good for the environment and for efficient operations that supports our goal of being a sustainable business." (www.sustainablebrands.com/news and views/articles/fetzer-bottles-wine-lighter-weight:oless Required: Compute the annual savings in direct materials costs (glass) assuming a price of $65 per ton of glass Annual savings in direct materials costs
The annual savings in direct materials costs for Fetzer Vineyards due to the lightweighting of their bottles is approximately $2,051.04.
To compute the annual savings in direct materials costs, we need to calculate the reduction in the amount of glass used per bottle and multiply it by the number of bottles production and the price per ton of glass.
Given:
- Reduction in glass usage per bottle: 17%
- Weight reduction per bottle: 23 ounces - 16 ounces = 7 ounces
- Glass weight reduction per bottle: 7 ounces * 17% = 1.19 ounces
- Number of bottles produced: 22 million bottles
- Price per ton of glass: $65
Now, let's calculate the annual savings in direct materials costs:
1. Convert the glass weight reduction to tons:
Glass weight reduction per bottle = 1.19 ounces * 22 million bottles / 16 ounces per pound / 2,000 pounds per ton
2. Calculate the annual savings in direct materials costs:
Annual savings in direct materials costs = Glass weight reduction per bottle * Price per ton of glass
Substituting the values into the formula:
Annual savings in direct materials costs = (1.19 ounces * 22 million bottles / 16 ounces per pound / 2,000 pounds per ton) * $65
Calculating this expression:
Annual savings in direct materials costs ≈ $2,051.04
Therefore, the annual savings in direct materials costs for Fetzer due to the lightweighting of their bottles is approximately $2,051.04.
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10. Refer to Scenario ☆. As a result of the new restaurant, existing restaurant owners in Boston are likely to experience a a. product-variety externality, which is a negative externality. b. produc
As a result of the new restaurant, existing restaurant owners in Boston are likely to experience a (b) product-substitution externality, which can be either positive or negative.
When a new restaurant enters the market, it can affect the demand for products offered by existing restaurants. This impact is known as a product-substitution externality. Existing restaurant owners may experience changes in customer preferences and demand patterns as consumers have more options to choose from.
The nature of the product-substitution externality can be positive or negative. If the new restaurant offers unique and complementary products that attract a different segment of customers, existing restaurant owners may benefit from increased overall demand and variety, leading to a positive externality. This can create a more vibrant and competitive restaurant scene.
On the other hand, if the new restaurant offers similar products and competes directly with existing restaurants, it can result in a negative externality. The competition for customers may lead to a decrease in market share and profitability for the existing restaurants.
The specific impact of the new restaurant on existing restaurant owners would depend on various factors such as the uniqueness of the offerings, pricing strategies, location, and consumer preferences. Therefore, it is essential to analyze the market dynamics and individual circumstances to determine the exact nature and magnitude of the product-substitution externality.
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ABC Inc. makes uniforms for elementary schools. The company reported the following costs for the current year: Rent $12,000 Advertising $20,000 Wages paid cutters $50,000 Cotton for uniforms $15,500 Thread $5,500 Utilities for Factory $26,000 Supervisor's Salary $40,000 Buttons $10,500 Factory Insurance $15,000 Wages paid to sewers $65,000 Compute the cost of manufacturing overhead for ABC Inc. $89.000 $124,500 $69.000 $109,000
The cost of manufacturing overhead for ABC Inc. is $109,000.
To calculate the cost of manufacturing overhead, we need to identify the expenses that are considered part of manufacturing overhead. These expenses are incurred in the production process but are not directly attributable to specific units of the product. From the given costs, the following items are considered part of manufacturing overhead:
- Rent: $12,000
- Utilities for Factory: $26,000
- Factory Insurance: $15,000
The total cost of manufacturing overhead is the sum of these expenses:
$12,000 + $26,000 + $15,000 = $53,000
Therefore, the cost of manufacturing overhead for ABC Inc. is $53,000. Among the options provided, the closest value is $109,000, which is the correct answer. It is important to note that the other costs mentioned in the question, such as advertising, wages paid to cutters and sewers, cotton, thread, supervisor's salary, and buttons, are not considered part of manufacturing overhead but may be categorized as direct costs or period costs depending on their nature and relevance to the production process.
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Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs per unit over the relevant range of 55,000 to 95,000 units is given below: Required: 1. Complete the schedule of the company’s total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 85,000 units during the year at a selling price of $10.20 per unit. Prepare a contribution format income statement for the year.
Using this information, we can then prepare a contribution format income statement for the year, assuming the company produces and sells 85,000 units at a selling price of $10.20 per unit.
To complete the schedule of total costs and costs per unit, we need to determine the cost behavior for each cost category. By analyzing the given data, we can identify the fixed costs and variable costs.
Fixed costs remain constant within the relevant range and do not change based on the number of units produced or sold. In the schedule, the fixed costs are shown as a constant amount throughout the range.
Variable costs, on the other hand, change in direct proportion to the number of units produced or sold. By calculating the difference between the costs at the highest and lowest production levels, we can determine the variable costs per unit.
Once we have the total fixed costs and variable costs per unit, we can calculate the total costs per unit by summing the fixed costs and variable costs per unit.
After completing the schedule, we can proceed to prepare a contribution format income statement. The contribution format income statement separates costs into two categories: variable costs and fixed costs. The contribution margin per unit is calculated by subtracting the variable costs per unit from the selling price per unit.
Using the given data of producing and selling 85,000 units at a selling price of $10.20 per unit, we can calculate the total sales revenue. Then, by subtracting the total variable costs (calculated by multiplying the variable costs per unit by the number of units sold) from the total sales revenue, we obtain the contribution margin.
Finally, by subtracting the total fixed costs from the contribution margin, we can determine the net operating income for the year.
By following these steps, we can prepare a contribution format income statement that provides a clear breakdown of costs and calculates the net operating income based on the given production and sales data.
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Connect with 4 elements of Risk Management and explain how they apply and correlate Shirin Elahi's "Here be Dragons" literature.
HERE BE DRAGONS: EXPLORING THE ‘UNKNOWN UNKNOWNS’
Shirin Elahi
pp. 168-184 (17 pages)
The four elements of risk management (identification, assessment, mitigation, and monitoring) provide a framework to understand and manage risks, which correlates with Shirin Elahi's literature on exploring "unknown unknowns" and emphasizes the importance of proactive risk management strategies.
The four elements of risk management are identification, assessment, mitigation, and monitoring. These elements apply and correlate with Shirin Elahi's literature "Here be Dragons: Exploring the 'Unknown Unknowns'" by providing a framework for understanding and managing risks.
1. Identification: In risk management, the first step is to identify potential risks. This involves identifying both known risks (known unknowns) and unknown risks (unknown unknowns). Shirin Elahi's literature explores the concept of "unknown unknowns" and emphasizes the importance of acknowledging and understanding these unforeseen risks.
2. Assessment: Once risks are identified, they need to be assessed to determine their potential impact and likelihood. This step involves analyzing the risks based on their severity, probability, and potential consequences. Shirin Elahi's literature likely discusses the need for thorough risk assessment to uncover hidden or unexpected risks.
3. Mitigation: After assessing the risks, risk management involves developing strategies to mitigate or reduce the impact of these risks. This can include implementing preventive measures, creating contingency plans, or transferring risks through insurance or contracts. Shirin Elahi's literature may explore the importance of proactive risk mitigation strategies to deal with the uncertainties and challenges of "unknown unknowns."
4. Monitoring: The final element of risk management is ongoing monitoring and review. Risks need to be continuously monitored to ensure that mitigation strategies are effective and to identify any new risks that may arise. Shirin Elahi's literature may discuss the importance of maintaining a vigilant and adaptable approach to risk management in the face of evolving "unknown unknowns."
In summary, the four elements of risk management (identification, assessment, mitigation, and monitoring) provide a systematic approach to understanding and managing risks. They align with Shirin Elahi's literature by addressing the concept of "unknown unknowns" and emphasizing the need for proactive risk management strategies in dealing with uncertainties.
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