The statements that are not true about the predetermined time standards include,
performance ratings are not required;jobs must be completed before standards can be setTherefore, the options B and D are correct.
The predetermined time standards are required for bringing a sense of effectiveness in a constrained environment which is working in the direction of accomplishment of tasks. This further helps in making an accurate representation of tasks that are time-based. Moreover, these standards bring efficiency in the organization.
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a general contractor advertised in a trade publication that she planned to bid on the construction of a new building. the advertisement welcomed bids from subcontractors to perform various functions, such as plumbing, electrical work, and masonry. the lowest plumbing bid she received was from a plumber for $10,000. the general contractor used that bid in preparing her bid and submitted the bid to the client. shortly thereafter, the plumber called her and explained that there was a mistake in his bid and he could not perform the work for less than $12,000. the general contractor was awarded the contract and told the plumber she was accepting his $10,000 bid, but the plumber reiterated that he would not do the work for less than $12,000. the general contractor hired a different company to do the plumbing work on
The amount she had to pay for the plumbing work was $2,000, which is the difference between the plumber's bid and what she had to spend.
Plumbing refers to any system used to move fluids for various reasons. To transport fluids, plumbing uses pipes, valves, plumbing fittings, tanks, and other equipment. The most typical functions of plumbing include waste removal, potable water delivery, and heating and cooling (HVAC), but these are not the only ones. The name comes from the Latin word plumbum, which meaning "lead," as lead pipes were the first functional pipes used in the Roman era. A bid is an individual or company's competitive offer to determine the cost of a good or service, or it might be a request that something be done. A technique of determining a product's cost or value is through bidding. Depending on the circumstances, a person may bid while under the effect of a good or service. The amount that a company or individual is willing to offer as a price is referred to as a bid in the context of auctions, stock exchanges, or real estate.
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Which of the following is an important mantra that helps explain why effective measurement is so important to supply chain management?a. What gets measured gets doneb. Measure thrice cut twicec. If you can't measure it, you can't manage itd. Time tellse. All of the abovef. A, B, & C onlyg. A & C only
A & C only is an important mantra that helps explain why effective measurement is so important to supply chain management.
What is supply chain management.?
Supply chain management, which covers all procedures that convert raw materials into finished commodities, is the management of the movement of goods and services.
Supply chain management (SCM), which comprises all procedures that convert raw materials into finished commodities, is the central administration of the movement of goods and services.Companies may reduce unnecessary expenditures and deliver goods to customers more quickly and effectively by optimising the supply chain.Effective supply chain management keeps businesses out of the news and away from costly recalls and legal actions.Developing a plan, locating raw materials, production, distribution, and returns are the five SCM components that are most important.Controlling and lowering expenses while preventing supply shortages are the duties of a supply chain manager.To learn more about supply chain management
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In the United States, recording business transactions in dollars is an application of the accounting concept ____.
In the United States, recording business transactions in dollars is an application of the accounting concept of monetary unit assumption.
The monetary unit assumption is one of the basic assumptions of accounting, which states that all economic transactions should be recorded in a stable and specific currency, such as the US dollar.
This allows for consistent and comparable financial information to be reported and enables the measurement of changes in an organization's financial position over time.
Recording business transactions in dollars is a practical application of this concept, as it allows for financial statements to be prepared and analyzed using a common and stable unit of measurement.
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In an economy with a population of 100 million persons, 40 million hold civilian jobs and 9 million are not working but are looking for a job. The number of persons in the civilian labor force is O 51 million O 60 million O 91 million. O 49 million
There are 49 million civilian workers. Is the best choice.
When the unemployment rate a corresponds the natural unemployment rate, "full employment" is said to exist.
Many parts of the automobile manufacturing process which were actually done by humans are now managed to complete by robots. Employees who were laid off due to the use of robotics have become cyclically unemployed.
If the cyclical unemployment level is negligible, the organic unemployment rate is higher than the overall unemployment rate.
When an individual is capable and willing to work but does not possess a paid job, they are unemployed. The underemployment rate is the proportion of individuals who are employed who are out of work.
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concerning incremental project cash flow, which of these is a cost one would never count as an expense of the project? A. initial investment
B. taxes paid
C. operating expenses of the project
D. financing costs
Option D is correct. Cost of Funding (FC), also known as financing costs (COF), are the costs, interest, and other fees associated with borrowing to construct or purchase an asset.
This could range from financing a mortgage, financing a car loan with a bank, or financing a student loan.
Financing costs are the interest and other costs that a company incurs when borrowing money. They are also known as 'borrowing costs' or 'financial costs'. “There are two different ways companies can pay their operating expenses.
Funding costs are accumulated as an intangible asset in the 'other assets' section of the balance sheet. Most closing costs are associated with financing the purchase price, but not all are.
Incremental cash flow does not include cash income or liabilities from other parts of the business. This only includes money earned and spent on specific projects. It also excludes sunk costs, opportunity costs and cannibalization.
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you call an all-staff meeting. what can you do to stop the negative emotions from spreading further among the employees? what actions would most effectively do so? drag each topic below into its appropriate category in the table, and click submit.
We can prevent the employees' negative feelings from spreading by implementing the following measures: Most efficient decision: Teach employees how to use emotional suppression in their daily jobs.
Cognitive reappraisal methods. Somewhat wise choice: Congratulate everyone. Encourage your team to practise smiling and acting in a polite, joyful manner.
Assign a co-worker to act as each employee's "buddy for the purposes of social sharing" least useful If anyone would like, offer to move them from customer service positions such as waitstaff to behind-the-scenes positions. Remind the staff that the Grille's customer service evaluations have always been favourable.
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you are sitting in a meeting of a corporate board of directors where the discussion is about whether to lay off 2,000 workers. the ceo asks you to rate the benefits to the corporation versus the cost to the workers and their families. this is an example of _____ economics.
This is an example of microeconomics. Microeconomics is a branch of economics that focuses on how the decisions of individuals, businesses, and governments affect the prices and quantities of goods and services.
In this case, the company's board of directors is weighing the benefit to the company of eliminating 2,000 workers against the cost to those workers and their families. The benefit to the company may include increased profits, reduced costs, and other potential benefits. Costs to workers and their families may include job loss, reduced income, and other related costs. Ultimately, the board must attempt to determine which outcome is likely to provide the greatest net benefit to the company.
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A partnership agreement will include each of the following: (Check all that apply)
1) date of partner dissolution
2) names of partners
3) tax payment duties
4) partner rights and duties
5) income and loss sharing
An agreement between partners will detail the date of the partnership's dissolution, the names of the partners, tax payment obligations, partner rights and duties, and income and loss sharing.
A partnership is a relationship between people who have agreed to split the earnings from a business that all of them, or any of them, act for all of them. Individually, those who have formed a partnership with one another are referred to as "partners," and as a whole, they are referred to as "a firm." The name under which the firm operates is referred to as the "firm name."
The relationship of partnership is based on contract rather than status, hence, for example, members of Hindu undivided families running family businesses as such or Burmese Buddhist husband and wife running businesses as such are not considered partners in such businesses.
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Riverview does not have a formal grievance policy where employees are able to report colleagues who engage in unethical behavior. After all, those behaviors can cost other employees business in the long run.
Strategies Due to the inspection, Riverview has decided to conduct an analogous ethics scan doubly per time to estimate all of its ethics-related programs and procedures, including its approaches to prospective hand webbing, ethics training, and prices.
Ethics Training aims" to enable workers to identify and deal with ethical problems developing their moral anticipations, which are implicit in everyday choices and conduct.
Despite workers' contending liabilities, ethics training is important and can impact business, the company's character, and diurnal office morale. A company can not go to leave ethical decision-making to chance because one hasty or ill-conceived action by hand can harm an entire association.
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when ordering the kids' lunch at burger universe, the customer must choose a size, whether or not to have cheese, a type of bun, a side order, and a type of fruit drink. here are the possibilities for each choice.
The customer must select a size, a bun type, a side order, and a type of fruit drink while ordering the Kids' Lunch at Burger Universe. There are 72 possible lunches for children.
The permutation is what?A permutation is a grouping of things in a particular order. In this instance, sets' constituent parts are sorted in a linear or sequential sequence. A permutation of 2, for instance, is 1,6,1 for the collection A=1,6. You can see that there is no alternative way to arrange set A's parts.
What Sets a Combination Apart from a Permutation?Between permutations and combinations, there are a number of important differences. A combination is a choice of data where the order is irrelevant, as opposed to a permutation, which is an arrangement of data that depends on the order. Consider a list of racers for permutations and a group of team members for combinations as examples of lists from which data for permutations and combinations are typically selected.
There are three different sizes that you can choose from in this permutations issue (small, medium, and large),
- Three options for the bun (plain, sesame, and wheat),
- There are 4 options for the side order (fries, onion rings, fruit cup, and cheese sticks)
- There are two options for the fruit drink (orange, and grape)
The complete combinations available for kids' meals are what you can receive, so:
3 × 3 × 4 × 2 = 72
There are 72 different kids' lunch options.
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Use the midpoint formula. If the price of a gardenburger decreases from $9 to $8, the price elasticity of demand equals ____and demand is______ A. -6.33; elastic B. - 19.0; inelastic C. -0.16, inelastic D. 6.33, elastic
Adjusting journal entries are made in a company's general ledger at the end of an accounting period to reflect any unrealized gains or losses.
All of them are anticipated responses to the aforementioned question. Adjusting journal entries are made in a company's general ledger at the end of an accounting period to reflect any unrealized gains or losses. A transaction that started in one accounting period but ended in another requires an adjusting journal entry to be properly recorded. Financial reporting that corrects an inaccuracy from a prior accounting period is sometimes referred to as adjusting journal entries. The following statements about altering entries are accurate and true. Adjusting entries are used to record accrued expenses and income. Accrued expenditures and revenues contain assets and liabilities that have not yet been recognized. Prepaid expenses, depreciation, and other adjustments all require adjusting inputs.
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For each of the following activities, identify the flow of dollars as either household-to-firm or firm-to-household.
Activity
Latasha pays a storekeeper $1 for a quart of milk.
Alyssa earns $10,000 from 40% ownership of her family business.
Jake earns $8 per hour working at a fast-food restaurant.
Rosa spends $100 for a plano lesson.
Flow of Dollars
Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.
What does business to household flow refer to?Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.It demonstrates the connections between businesses and households that occur in the product and factor marketplaces. In the diagram, it should be noted that homes and businesses are not connected to one another; instead, they are connected to the two marketplaces.Because of the rising opportunity cost, the production possibility frontier is shaped like a bow.Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.To learn more about household flow refer to:
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Paleota Company purchased a patent from Finise for $234,000. At the time of purchase, the patent had a remaining useful life of $23,000 Calculator $9,800 $23,400 $14,000
The purchase of the patent from Finise for $234,000 will result in an annual amortization expense of $9,800, assuming the patent has a remaining useful life of $23,000.
To calculate this amount, we take the total cost of the patent (234,000) and divide it by the remaining useful life (23,000). This gives us an amortization expense of $10.17 per year. Multiplying this by the remaining useful life of 23,000 gives us an amortization expense of $234,000.
234000/23000=10.17
10.17×23000=234000
The total cost of the patent will be spread over the remaining useful life, meaning that the amortization expense each year will be $9,800. This amount will be recorded on Paleota Company's income statement as an expense. The amortization expense will reduce the patent's carrying value on the balance sheet until it reaches $0, at which point the patent will be fully amortized.
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pricing technique that focuses on 99 is an example of application in consumer behavior. group of answer choices marketing strategy regulatory policy social marketing informed individuals none of the above
The pricing technique that focuses on 99 is an example of application in consumer behavior. The psychological pricing technique, often called "charm pricing", which is when prices are set just below a round number, such as 99 instead of 100.
The idea is that consumers perceive the price to be lower and more attractive than it actually is, which can increase sales. It falls under the category of marketing strategy.An example of its use in customer behaviour is the price strategy that places the emphasis on 99. The psychological pricing approach, sometimes known as "charm pricing," involves setting costs just below a round figure, including such 99 instead of 100, in order to sway customer behaviour. Customers are supposed to believe that the price is cheaper and more appealing than it really is, which can boost sales. It fits the definition of a marketing plan.99 instead of 100 is a marketing strategy that is used to influence consumers behavior.
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