No player can improve his payoff by changing his strategy once in Nash equilibrium.
Your payoff amount is how a great deal you'll in reality should pay to satisfy the terms of your loan loan and absolutely pay off your debt. Your payoff quantity isn't the same as your modern-day stability. Your modern stability might not reflect how plenty you surely must pay to completely fulfill the loan.
A kingdom of stability among opposing forces or actions this is either static (as in a frame acted on through forces whose resultant is 0) or dynamic (as in a reversible chemical response whilst the rates of response in both guidelines are equal)
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by blank, ikea noticed that customers often stopped shopping when their baskets or carts were full, so additional shopping bags are now placed throughout ikea stores.
By watching consumers in person IKEA noticed that customers often stopped shopping when their baskets or carts were full, bags are now placed throughout IKEA stores .
Option B is correct.
Consumer behaviour theory :The study of how people make purchasing decisions is known as consumer behavior theory. This theory helps marketers and businesses capitalize on these behaviors by predicting how and when a consumer will make a purchase. Identifying the factors that influence these decisions and highlighting methods for actively manipulating behavior are helpful. The theory of reasoned action was originally developed by Icek Ajzen and Martin Fishbein: a theory of consumer behavior that focuses on the connection between marketing and consumers' preexisting attitudes about making purchases.
Ethnography-like research methods include the following:Buy-alongs or purchases with you: In order to learn how customers react to merchandising and other sales strategies, the researcher goes shopping with the customer.
Question is incomplete,missing part is given below :
By ________, IKEA noticed that customers often stopped shopping when their baskets or carts were full, so additional shopping bags are now placed throughout IKEA stores.
A. using survey data
B. watching consumers in person
C. employing mystery shoppers
D. neuromarketing
E. interviewing employees
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with respect to anchorage points employers must
Employers must adhere to anchorage points. the entire list (correct answer)
What two criteria does OSHA have for anchor points?The anchorages must support 5,000 pounds per employee, or as an option (d), in accordance with 29 CFR 1926.502(d)(15) (15)
The personal fall arrest system's maximum fall arresting force must be maintained with a factor of safety of at least two according to I
What kind of attachment point in a fall protection system is acceptable?Personal fall protection devices must be worn with the body harness attachment point situated in the middle of the worker's back, close to the shoulder. If the free fall distance is kept to 2 feet (0.6 m) or less, the attachment point may be situated in the pre-sternal position.
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which of the following best describes the idea of excess capacity in monopolistic competition? a. the output produced by a typical firm is less than what would occur at the minimum point on its atc curve. b. firms produce more output than is socially desirable. c. firms keep some surplus output on hand in case there is a shift in the demand for their product. d. due to product differentiation, firms choose output levels where price equals average total cost.
The output produced by a typical firm is less than what would occur at the minimum point on its atc curve best describes the idea of excess capacity in monopolistic competition. So, the correct answer is option a.
A form of imperfect competition known as monopolistic competition pits numerous producers against one another while still providing goods that are distinguishable from one another (for example, by branding or quality) and are thus not exact substitutes. In monopolistic competition, a business accepts the prices set by its competitors as given and pays no attention to how its own prices affect those of other businesses.
If this occurs in the presence of a coercive government, monopolistic competition will turn into a monopoly that has been granted by the government. In contrast to ideal competition, the business keeps extra capacity. Industry models frequently adopt monopolistic competition models. Restaurants, cereals, apparel, shoes, and service sectors in big cities are a few examples of industries with market systems resembling monopolistic rivalry from textbooks.
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Question 14 1 pt 14. Sellers respond to a surplus by cutting their prices. True False
Question 15 1 pts 15. In a competitive market, the quantity of each good produced and the price at which it is sold are not determined by any single buyer or seller. True False
Question 16 1 pts 16. A market's equilibrium is the point at which the supply and demand curves intersect. True False
In a competitive market, neither a single buyer nor seller controls the quantity of each good produced nor the price at which it is offered for sale. true!
A market that is competitive has many producers vying with one another to offer the goods and services that consumers like us desire and need. In other words, the market cannot be controlled by a single producer. Additionally, just like producers, a single consumer cannot control the market. This idea holds true regardless of the cost or quantity of the item. The price of goods and the amount that will be produced cannot be decided by one manufacturer or one consumer. Farming is a fantastic illustration of a competitive market. Despite the fact that there are thousands of farmers, none of them has the power to change the market or the price based on how much they produce.
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bottlebrush company has operating income of $162,640, invested assets of $214,000, and sales of $856,000. use the dupont formula to compute the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment.
To compute the return on investment:
A) Profit margin = Operating Income/Sales
= 79,662/468,600
= 17%
B) Investment turnover = Sales/Invested assets
= 468,600/142,000
= 3.3
C) Return on investment = Margin * Turnover
= 17%*3.3
= 56.1%
The return is the profit you're making because of your investments. ROI is typically defined because of the ratio of internet profit over the overall fee of the investment. Return on investment is maximum beneficial in your business desires when it refers to something concrete and measurable, to perceive your funding's profits and monetary returns.
ROI measures the quantity of going back on an investment related to that funding's fees. it's far used as a part of analytics and serves as a benchmark for shaping advertising strategies for the future. This allows you to decide what marketing tactics are working and what areas may be improved.
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explain how an increase in the price level affects the real value of money.
Money may purchase fewer products and services as prices grow. Therefore, we refer to a decrease in its purchasing power. In contrast, as prices drop, more may be purchased with a given amount of money, which is known as an increase in purchasing power.
Why Does the Price Level Change?A country's population has access to more money for purchases when the amount of money in circulation is increased (for instance, by printing new notes), which increases demand for products and services and raises prices.
In contrast, if there is less money available, fewer things may be purchased, and prices tend to drop. Once more, the price level tends to decrease and to rise in response to changes in the supply of products and services.
Therefore, there won't often be any change in the price level if the supply of money increases by 25% and the supply of products and services increases by the same 25%.
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QUESTION 15 Reynold's Furnishers is experiencing a period when their sales are increasing at a slower rate. The company realizes that new users cannot be added indefinitely and that, sooner or later, its market will approach saturation. Which stage is the company now entering?
O End of the decline stage
O End of the introductory stage
O Beginning of the growth stage
O Beginning of the maturity stage
QUESTION 16 A new range of organic confectionary was introduced by Bounty Foods. The company is forced to give its dealer high margins and also needs to invest heavily in advertising. Bounty's production costs are also high. In which PLC stage is Bounty Foods most likely to be?
O Introductory stage
O Growth stage
O Maturity stage
O Decline stage
QUESTION 17 Francisco, an affluent college graduate, buys gadgets on the day of their launch in the market. He reads expert reviews on the internet and is not influenced by the opinions of his family and friends while choosing products. Francisco is most likely to belong to the category of ___ in the context of diffusion of innovation.
O the late majority
O innovators
O the early majority
O early adopters
QUESTION 18 Which of the following is characteristic of both early adopters and the early majority? Both groups tend to be opinion leaders. Both rely on group norms and values. Both desire to earn the respect of others. Both are influenced by social media websites and digital promotions. Identify a similarity between laggards and innovators. Neither relies on group norms. Neither is rooted in tradition. Both are eager to try new products. Both exhibit short adoption time.
Reynold's Furnishers is at the beginning of the maturity stage. Bounty Foods is in the introductory stage, and Francisco is in the category of Innovators; the characteristics of both early adopters and the majority both rely on group norms and values.
What is the introductory stage of a product?The product or brand life cycle consists of four stages, and the introductory stage is the first one. The introduction is considered to be a risky phase that can bring either very significant gains or losses in the following product stages.
The Challenge of this stage is to have enough money to launch the product on the market.
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Which of the following is a tax imposed by the government on imported goods to protect local industries, support the country's balance of payments, or raise revenue?a. Feeb. Import dutyc. Tariffd. Federal tax
Tariffs and tariff barriers make up the taxes on Imported goods. Each product is given an HTS code, and based on the nation of origin, this code defines the amount of obligation that must be paid on the goods. What are imported goods?
Importing things entails bringing anything into the country from another, where it must first clear customs. Authorities in charge of customs control import trade.
What caused imported goods to cost higher than domestic ones? People lose track of what items should cost in an environment of high inflation, which enables merchants to raise their profits. Costs for shipping can increase. VAT tacks on a 21% premium. The cost of financing your purchase and shipment is higher.
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more and more companies are offering a mix of products and services to their customers. this leads to a blurring of the distinction between products and services leading to new terms like:
More and more companies are offering a mix of products and services to their customers. this leads to a blurring of the distinctions between products and services leading to new terms such as market offerings.
Market offerings is the amount of goods supplied by all sellers in the market at various price levels. each seller must include the exact price of each product, and each buyer has the right to carry out the bidding process in order to get a lower price. But not all bargains that occur in the market can take place smoothly. Many things may happen during the bargaining process, one of which is the seller feels the price offered by the buyer is too low. Prices that are too low cause the seller to only get a small profit or even suffer a loss. So, as a buyer, you should bid a price that is not much different from the price set by the seller.
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Choose the four groups of performance measures typically used in the balanced scorecard approach
Financial, customer, learning & growth, and quality assuruance
The balanced scorecard (BSC), a strategic management performance indicator, is used to detect and improve a variety of internal company activities and the effects they have on the outside world.
What Are the Four Perspectives of the Balanced Scorecard?Four perspectives are included in a balanced scorecard: learning and development, business operations, consumer perspectives, and financial information. These four elements, also referred to as the legs, make up a corporation's vision and strategy.
Learning and development are explored through a review of training and knowledge resources.
Business processes are assessed by looking at how successfully things are generated. Operational management is looked at to maintain track of any gaps, holdups, bottlenecks, shortages, or waste.
Customer opinions are gathered to ascertain how pleased customers are with the quality, price, and aaccess to products and services.
The financial statistics that are used to evaluate financial success include sales, expenses, and revenue, to name a few.
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In Texas, which officer in the plural executive is not elected by voters?
a. The secretary of state
b. The attorney general
c. The comptroller
d. The lieutenant governor
e. The commissioner of agriculture
The secretary of state in the multiple executive branch of Texas is not chosen by the people. The correct response is option (a).
What is a plural executive?Texas has a "plural executive," which means that the governor's authority is constrained and shared among a number of other government officials. In other words, the Texas Executive Branch is not the sole responsibility of a single elected politician in the state.
The Texas Constitution names the Secretary of State as one of the six state officials that make up the Executive Department of the State. The Governor appoints the Secretary, who is then confirmed by the Senate and works at the Governor's pleasure. Stephen F. was the Republic of Texas's first Secretary.
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Which of the following is NOT one of the principles for standard work practice at Toyota? Part 2 A. Work is completely specified as to content, sequence, timing, and outcome. B. Improvements in the system must be made in accordance with the "scientific method," at the highest possible level in the organization. C. Internal and external customer-supplier connections are direct, specifyingpersonnel, methods, timing, and quantity. D. Material and service flows are to be simple and direct.
The principle of improvements in the system to be made in accordance with the ''scientific method'' at the highest possible level in the organization is not one of the principles for standard work practice at Toyota. Therefore, the option B holds true.
The standard work practices can be referred to or considered as the practices that involve a high degree of standardization throughout the process. It is always based on certain set of principles, which are to be followed at the highest possible levels within the organization.
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for upper-level managers who often want to see total figures and do not need supporting details, a(n) _____ is appropriate.
A summary report is suited for leader must make who frequently only need to see totals and do not require supporting information.
A daily summary report: what is it?The raw values for the a given day are compiled in the Daily Summary report. All data that is acquired for a period of less than 24 hours should have daily summary statistics compiled. · It is necessary to produce statistics for both average NAAQS data and non-NAAQS data types.
What characteristics characterize an effective summary report?Reiterating the study's goals, highlighting its key findings, and outlining any findings, conclusions, or conclusions from the report are all necessary. The material should be sufficient for the reader to comprehend the main points without needing to read the entire report.
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In making products and services available to consumers, channel members add value. Key functions performed by the marketing channels include all of the following except __________.
A.
pricing
B.
distribution of information
C.
negotiation
D.
matching
In making products and services available to consumers, channel members add value. Key functions performed by the marketing channels include all of the following except pricing.
What exactly does marketing mean?For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.
The importance of marketingThe benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
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3. Someday, Liam would like to be a master electrician. In order to achieve his goal, what would be a good job for Liam to take along
his career pathway?
apprentice to a residential electrician
internship at an architecture firm
junior mechanic for a machine rental agency
All changes saved
receptionist for a site project manager
A good job for Liam along his career pathway to becoming a master electrician would be an apprentice to a residential electrician (A). An apprenticeship would provide Liam with hands-on training and experience working with an experienced electrician, which would be valuable in helping him to develop the skills and knowledge necessary to become a master electrician.
Answer:
a
Explanation:
i just took this test
quilet when a tax is imposed on a good, the a. demand curve for the good always shifts. b. amount of the good that buyers are willing to buy at each price always remains unchanged. c. supply curve for the good always shifts. d. equilibrium quantity of the good always decreases.
When a tax is imposed on the buyers of a good, the demand curve shifts downward by the amount of the tax.
When a tax is imposed on a good the demand curve for the good always shifts?
A demand curve shows the relationship between a good's price and the quantity needed over a specific time period. Prices are often shown on the y-axis of a right-angled graph. On the x-axis, however, is a representation of the number of products that were requested.
It is thought that a tax on buyers will cause the demand curve to shift to the left and reduce consumer demand since the price of goods has increased in comparison to their value to customers. The demand curve will drop as a result of the tax since it represents consumers' willingness to pay.
If a tax is put on the production of a good on a per-unit basis, the supply curve shifts to the left.
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Which of the following are short-run and which are long-run adjustments? Wendy's builds a new restaurant. Harley-Davidson Corporation hires 200 more production workers. A farmer increases the amount of fertilizer used on his corn crop. An Alcoa aluminum plant adds a third shift of workers
The economic adjustments can be classified into short-run and long-run as below,
Short-run adjustments: A farmer increases the amount of fertilizer used on his corn crop. An Alcoa aluminum plant adds a third shift of workers,Long-run adjustments: Wendy's builds a new restaurant; Harley-Davidson Corporation hires 200 more production workers.The economic adjustments can be referred to or considered as the changes brought in to the existing economic conditions to foresee a growth or important change in the current levels of the economic productivity.
The short-run adjustments are such adjustments that affect the economy in a much lesser period of time. On the other hand, the long-run adjustments are intended towards bringing about influential changes over a longer period of time.
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which tyope of tax analytics provides insight by creating a trend analysis for sales and use tax paid
Insight is gained from diagnostic tax analytics by developing a trend analysis for sales and use tax paid.
Data analytics called diagnostic analytics helps you understand why something happened in the past by building on descriptive analytics. Root cause analysis is a common name for diagnostic analysis. It involves techniques like drill through and drills down as well as data mining.
In diagnostic analytics, data mining, drill-down, correlations, and data discovery are often utilized techniques. During the discovery phase, analysts look for the data sources that will help them analyze the results. Drilling down is the process of concentrating on a specific feature of the data or widget.
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which of the following does moody's not consider in deriving the credit rating of a company? select one: a. profitability ratios b. loan covenants c. solvency ratios d. collateral e. none of the above
Moody's not considered in deriving the credit rating of a company is none of the above.
The derivation process forms new words (usually different categories) from existing words. In English, this is mostly done by adding affixes. For example, industrialization and destruction can be seen as derivatives in the process.
To derive means to formulate a formula or equation for a particular situation or phenomenon. Similar to analysis, differentiation means taking the derivative of a function.
I will call you on time. Please check your watch if you are 3 minutes late. The word punctual comes from the Latin punctual, meaning "point". To arrive on time, you have to arrive at the right time.
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of baldwin corporation’s products, which earned the lowest net margin as a percentage of its sales?
Check the annual report of Baldwin. The greatest percentage was found in beads at 27.3%. Subtract the sales dollars for each product from the net margin dollars.
What is net profit margin?A corporation that has a low net profit margin either has an inefficient cost structure or utilises bad pricing tactics. Consequently, a low ratio may be caused by: inadequate management. High prices (expenses) inadequate pricing tactics.
The amount of net income or profit earned as a proportion of revenue is expressed as the profitability ratio, or simply net margin. Net profit margin is often expressed as a percentage, however it can also be presented in decimal form. The net profit margin of a business reveals how much of every dollar in sales is turned into profit.
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The full question is,
Of all of Baldwin Corporation's products, which earned the highest net margin as a percent of sales? Scroll down to Baldwin's annual report.
Bottle
Bead
Baker
Base
Buddy
Bid
Bold
Which of the following issues arises when the decision to distribute income is being made?
a. How much should be distributed to stockholders?
b. Should the distribution be made as cash dividends or share repurchases?
c. Should the funds paid out from year to year be stable and dependable, or be allowed to vary with the firm's cash flows and investment requirements?
d. All of the above are issues that need to be considered when a firm is making its dividend policy decision.
e. None of these—these are all extraneous to the decision
All of the above are issues that need to be considered when a firm is making its dividend policy decision.
The dividend policy model developed by John Lintner theorizes how a publicly traded corporation determines its dividend policy. The reasoning behind this is that even when results for a given period are below expectations, every corporation wishes to maintain a steady rate of dividend. Investors are assumed to favor receiving a specific dividend payout.
According to the model, dividends are paid based on two variables. The first factor is the net present value of the earnings; larger numbers suggest higher dividends. The sustainability of earnings is the second factor. A company may increase its profits without also boosting dividend payments up until managers are confident that it will be able to sustain those profits.
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question when a long-run average cost curve illustrates economies of scale it will be . responses upward-sloping. upward-sloping. downward-sloping downward-sloping flat. flat. downward-sloping and then flat.
A long-run average cost curve that slopes downward. This is due to the fact that as the company produces more and more units, the cost per unit falls.
How does the average cost curve change over time?The segment of the economies of scale curve that sloped downward in the long-run average cost curve covered a higher amount of output. New manufacturing methods do not, however, automatically result in larger average business sizes.
How are returns to scale connected to the long run average cost curve?When a firm's long-run average total cost rises proportionately to the increase in output, it experiences constant returns to scale. Scale therefore has no effect on the firm's long-term average cost. The long-run average cost curve must be flat in order for businesses to have consistent returns to scale.
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Which of the following would not be reported on the balance sheet as a cash equivalent?
a. A money market fund.
b. Six-month Treasury bill.
c. 60-day certificate of deposit.
d. Money market-saving certificate.
Of the following that will not be reported on the balance sheet as cash equivalents is Restricted cash. Restricted cash is not part of which will be reported on the balance sheet as cash equivalents.
Restricted cash is that part of cash that is set aside for specific purposes and is not available for immediate general business use. This cash is usually kept in a special account (eg an escrow account) so that it is kept separate from other business cash and its equivalent.
In a broader sense, it is that portion of money that a business entity has but cannot use immediately. Instead, that portion of the cash is subject to special restrictions, such as being earmarked for future use or a waiting period. It may represent the amount of cash on its way to the business or cash stored before spending. Such type of cash is not available for current use. It is not considered part of the liquidity source and is excluded in calculating various liquidity ratios.
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Which of the following comparisons best isolates the impact that changes in operating efficiency have on
performance
A . flexible budget and actual results
B . static planning budget and flexible budge
C . static planning budget and actual results
D. master budget and static planning budge
The right answer is A. Comparisons between flexible budgets and actual results are the most effective in separating the effects of changing operating efficiency on performance.
Describe a budget:You can determine how much you may spend each month by creating a written budget. By establishing a budget, you can make sure you have enough money each month.You can run out of funds before your next payday if you don't have a budget. How much income you make is shown by your budget.
What kind of budgets are there?A government's budget is a summary or projection of its anticipated revenues (although not always from levies) and expenditures. The operations or operating budget, the investment or development budget, and indeed the cash or liquidity budget are the three different types of budgets used by governments.
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dv lifo: green company uses fifo in its internal inventory accounts. at year end, it converts the fifo results to dv lifo. the company adopted lifo on december 31, 2021 with a base inventory of $107,000. the following table summarizes data available through december 31, 2024. inventory at year end cost cost index 2022 ending inventory $116,600 1.06 2023 ending inventory $128,800 1.12 2024 ending inventory $129,950 1.15 a. what amount would green report as the value of inventory under dv lifo on its 2022 balance sheet? b. what is the effect of the conversion to dv lifo on 2022 cogs? indicate below if cogs increases, decreases, or does not change as a result of the conversion from fifo to dv lifo and then indicate the dollar amount (if any). c. what amount would green report as the value of inventory under dv lifo on its 2023 balance sheet?
a. Value of Inventory in 2022 Balance sheet (DV LIFO) = $ 110, 000
b. LIFO inventory at the end of 2022 (Dollar value) = $ 111,180 and COGS increases.
c. Value of Inventory in 2023 Balance sheet (DV LIFO) = $ 115, 000
How to calculate value of inventory under DV LIFO?
a. Ending inventory at Base-year-prices (2022)
= Year Ending Inventory / Cost index
= 116600 / 1.06 = $ 110, 000
b. The increase in the real-dollar value of the inventory will be:
= 2022 Ending inventory - 2021 Ending inventory
= 110,000 – 107,000
= $ 3, 000
Therefore, the actual value of increase in the real-dollar value of the inventory (2022) at base-year-prices is:
= the real-dollar quantity increase in the inventory x Cost index
= $ 3, 000 x 1.06
= $ 3, 180
Then, at the end of year 2022, the total inventory would be:
= Base inventory (2021) + the real-dollar value increase in 2022
= $ 110, 000 + $ 3, 180 = $ 111,180
Therefore, the LIFO inventory at the end of 2022 (Dollar value) = $ 111,180
c. Ending inventory at Base-year-prices (2023)
= Year Ending Inventory / Cost index
= 128,800 / 1.12 = $ 115, 000
What is the difference between LIFO and FIFO?The Last-In, First-Out (LIFO) approach is based on the assumption that the most recent or most recent unit to enter inventory gets sold first. According to the First-In, First-Out (FIFO) technique, the oldest inventory item will be the first to sell.
The dollar-value technique of valuing LIFO (DV LIFO) inventory involves using "base-year" costs stated in total dollars as the unit of measurement rather than the amount and price of particular commodities.
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Which one of the following is generally not true of management by objectives?
a) Individual goals are linked to the company's strategic goals.
b) Performance is determined based upon the extent of goal achievement.
c) The indicator of the results should be quantifiable.
d) Manager and subordinate have performance-related discussions during the rating period.
e) Goals are established by management and assigned to individual employees.
The answer is option e that is, goals are established by management and assigned to individual employees.
By management, what do you mean?Getting the work or task done that is necessary for achieving an organization's goals in an efficient and effective way is the definition of management. The word "process" is a euphemism for "management functions." This includes organizing, hiring, managing, and controlling the workforce.
How important is management?A manager's job is to give all of the efforts made by individuals to achieve organizational goals a common direction and set of guidelines. Enhancing productivity through effective planning, organizing, controlling, and directing, management contributes to an increase in the effectiveness of the company.
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an initial amount of is invested in an account at an interest rate of per year, compounded continuously. find the amount in the account after three years. round your answer to the nearest cent.
an initial amount of is invested in an account at an interest rate of per year the amount in the account after three years. would be $1408.
What is interest rate and also explain the above answer.
A(t) = P*e^(rt), A(2) = 1300*e^(0.04*2) = 1300*1.0833 = $1408.27
The amount that a lender charges a borrower for the use of assets on top of the principle is known as the interest rate.The money generated from a deposit account at a bank or credit union is likewise subject to an interest rate.Simple interest is used in most mortgages. Compound interest, which is applied to both the principle and the accrued interest from earlier periods, is used in some loans, nevertheless.The interest rate will be lower for a borrower that the lender deems to be low risk. The interest rate on a loan will be greater if it is thought to be high risk.The interest rate on savings accounts and certificates of deposit that is earned at a bank or credit union is known as the annual percentage yield (APY). Compound interest is used in savings accounts and CDs.To learn more about interest rate
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the productivity measurement sales per labor hour is not a great measure of productivity because? a. sales can swing widely and yet a small variance in the number of hours can mean a signficant labor cost overage b. the premise isn't true, sales per man hour should be one of the primary productivity measurement used c. sales per man hour is best used not as a labor productivity measurement but as a data point when there needs to be a big improvement in sales levels. d. a and c
The correct answer is option (d).
In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource. Productivity is a gauge of how effectively a company's production process operates at the corporate level.
The main driver of economic expansion and competitiveness is productivity. The majority of a nation's ability to raise its output per worker is what determines whether it can boost its standard of living (i.e., producing more goods and services for a given number of hours of work). Productivity growth is a tool economists use to simulate an economy's productive capacity and calculate its capacity utilisation rates. To anticipate business cycles and project future rates of GDP growth, this is then applied.
In the given question, sales per labour hour is not a very good indicator of productivity because sales can vary greatly and yet a small variation in the number of hours can result in a significant labour cost coverage. Sales per man hour is best used as a data point when there needs to be a significant increase in sales levels rather than as a measurement of labour productivity. Therefore, both the options (a) and (c) is correct.
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Which of the following method is used to measure GDP? A. Value-added method B. Income Method C.Prime Cost Method D. Expenditure Method
One of the following techniques is the expenditure approach, which is used to calculate GDP.
What is the GDP?The accepted unit of measurement for the value added produced by the production of goods and services in a country over a given time period is the gross domestic product (GDP). This means that it also takes into account any income from that output or total spending on finished products and services (fewer imports).
Although the GDP is the most important indicator for gauging economic activity, other numbers may be more appropriate for expressing how materially wealthy people are.
This statistic is based on nominal GDP, commonly referred to as GDP in value or GDP at current prices, and it is available in a variety of measures, including dollar figures as well as per-person dollar figures (current PPPs).
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which of the following statements is an example of an economic trend? a.the federal reserve announces that it will decrease the interest rate charged to banks. b.congress passes legislation that increases the tax rate on corporations. c.the european union declares an increase in tariffs on all agricultural goods. d.a new computer chip is developed that will allow for miniaturization of many electronic devices.
An example of an economic trend is when the Federal Reserve announces that it will decrease the interest rate charged to banks. The Option A is correct.
What is an economic trend?An economic trend refers to an indicator that shows how a region or country is doing financially.
It can be thought of as a pattern. In most contexts, an economic trends are formed and interpreted from sets of economic data. For example, if someone plotted the stock price at four o'clock every day for three weeks, the dots would create a pattern, or a trend and there would be fifteen dots on the chart.
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