187,096.77 years divided by 18,000 years equals 10.39 years.
What is total cost?The lowest cash cost involved in producing a specific quantity of a product is called total cost (TC).The total economic cost of production is made up of two components: variable cost, which varies depending on the quantity of a good produced and includes inputs like labour and raw materials, and fixed cost, which is independent of the quantity of a good produced and includes inputs like buildings and machinery that cannot be changed in the short term, possibly including sunk costs.In economics, the entire cost of each item of production, whether fixed or variable, includes the total opportunity cost (benefits from the next-best alternative).Marginal cost is the additional overall cost associated with producing one extra unit.(a) The whole cost of each car must first be organised as follows:
As soon as the Subcompact = 19,500 + 0.055 × x
Then the Sedan = 13,700 + 0.086 × x
So that x = miles driven
After that Now, we equal both formulas and isolate x:
19,500 + 0.055x = 13,700 + 0.086x
5,800 = 0.031x
187,096.77 = x
When The indifference point is 187,096.77 miles.
hence Prove that:
When the Subcompact is = 19,500 + 0.055 × 187,096.77 = $29,790.32
when the Sedan is = 13,700 + 0.086 × 187,096.77 = $29,790.32
So that Finally, the time required:
(b) The Number of years is = 187,096.77/18,000 = 10.39 years
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Context: Lean Six Sigma has emerged as a key to achieving world-class value-added processes. But not everyone has benefited equally from implementing these operating philosophies and their accompanying tool sets.
Discussion: Based on your own personal experience—or on the results of an Internet search—identify a Lean Six Sigma implementation success story.
(Note: if using your own personal experience it must be on a formal lean six sigma implementation in a company where you know or can research the specific events, decisions and investments made by leadership.)
Describe what happened. How did the key decision-makers use process design or Lean Six Sigma tools to achieve success—that is, improve value and decrease costs?
Identify the specific events, decisions, or investments they made in order to leverage operations (or Lean Six Sigma) as a competitive weapon.
Now, based on your own personal experience—or on the results of an Internet search—identify a Lean Six Sigma “horror” story.
Describe what happened. More importantly, describe what went wrong.
Assess how key decision-makers failed to appropriately use process design or Lean Six Sigma tools.
As a consultant to the company, how would you help them “fix” the implementation process to achieve success next time? What specific events, decisions, or investments would you promote to help them leverage operations (or Lean Six Sigma) to improve value and reduce costs?
Organize you post with the following headers:
Keys to a Successful LSS implementation
What not to do when implementing LSS
Correcting the LSS failure with the keys to success
References
A successful Lean Six Sigma implementation story can be found in the case of the US Navy's Naval Air Systems Command (NAVAIR). NAVAIR implemented Lean Six Sigma to improve their processes and reduce costs.
They used process design tools such as value stream mapping and process flow diagrams to identify areas of waste and inefficiency. They also used Lean Six Sigma tools such as DMAIC (Define, Measure, Analyze, Improve, Control) to identify and eliminate sources of variation and defects.
Additionally, they invested in training and certifying their personnel in Lean Six Sigma principles and tools. As a result of their efforts, NAVAIR was able to reduce costs by $1.2 billion and improve customer satisfaction.
Where can the Lean Six Sigma be found?A Lean Six Sigma “horror” story can be found in the case of the US Postal Service. The USPS attempted to implement Lean Six Sigma in order to reduce costs and improve efficiency. However, they failed to properly train their personnel in Lean Six Sigma principles and tools, and they did not invest in the necessary infrastructure to support the implementation. As a result, the implementation was unsuccessful and the USPS was unable to realize any cost savings or efficiency gains.
To correct the failure of the USPS implementation, key decision-makers should invest in training and certifying personnel in Lean Six Sigma principles and tools. Additionally, they should invest in the necessary infrastructure to support the implementation, such as data collection and analysis tools.
Finally, they should use process design tools such as value stream mapping and process flow diagrams to identify areas of waste and inefficiency. By following these steps, the USPS can leverage Lean Six Sigma to improve value and reduce costs.
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if you wanted to clearly see the total that all owners had invested in a given company at the beginning of a year and see how such total investment had changed during the year to arrive at the owners' ending balance, which of the following statements would be most helpful to you?
The net difference between all assets and liabilities, or shareholders' equity, is what shareholders are currently claiming from the corporation.
Who are the shareholders?
Any individual, organisation, or company that owns at least one share of a firm's stocks, also known as equity, is referred to as a shareholder. These people or things, also referred to as stockholders, are a company's partial owners and have a right to a portion of its revenues. Dividend payments or an increase in stock value are two ways that these earnings are distributed to stockholders.
Similar to this, investors lose money when a company's share price declines as a result of losses it experiences during a particular year. It consequently causes their portfolio worth to decrease.
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FILL THE BLANK In industrial economies, __________ refers to the processing of raw materials into finished goods.
In industrial economies, manufacturing means that the processing of raw materials into finished products and goods.
The term manufacturing refers to the processing of parts and raw materials into finished products and goods through the use of human labor, machinery, tools, and chemical processing. Manufacturing enables businesses to sell finished products and goods at a higher cost compared to the value of the raw materials used.
Thus, in the context of industrial economies, manufacturing implies the concept of processing raw materials into final products and goods.
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farley corp. has 50,000 shares of $1 par value common stock issued and outstanding. farley declares a 10% stock dividend when the fair value of the stock is $9 per share. which of the following entries will be included in the entries required to record the declaration and payment of the stock dividend?
Credit common stock $5,000. Credit additional paid-in capital $40,000. Debit retained earnings $45,000. Stock dividends, as opposed to cash dividends, are payments made to shareholders in the form of new shares.
Each existing share gets paid a fraction of the Credit. For instance, if a business declares a 5% stock dividend, it will issue 0.05 shares for each share that a shareholder owns. The board of directors of a corporation decides whether or not to pay a dividend to its shareholders. Quarterly dividend payments are common and can be provided in the form of cash or stock reinvestments. A debit to the retained earnings account and a credit of the same amount to the dividends payable account would be the proper journal entry following the declaration.
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can the holder of a trust found use the money without permission of the person whose name is under the trusttrue or false
False. Generally, the holder of a trust fund cannot use the money without permission from the person whose name is under the trust. This is because the trust fund is a legal arrangement that is set up to protect the assets of the person whose name is under the trust.
The holder of the trust fund is responsible for managing the assets of the trust and must follow the instructions of the trust document. The trust document will usually specify who can access the funds and for what purpose. Without permission from the person whose name is under the trust, the holder of the trust fund cannot use the money. Additionally, the holder of the trust fund must also ensure that the assets of the trust are managed in accordance with the trust document. This means that the holder must ensure that the assets are invested in a prudent manner and that the trust is managed in a way that is in the best interests of the person whose name is under the trust. The holder of the trust fund must also ensure that the trust is managed in a way that is compliant with all applicable laws and regulations. Furthermore, the holder of the trust fund must ensure that the trust is managed in a way that is consistent with the wishes of the person whose name is under the trust.
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Rules of standard error test
The term "standard error" refers to the standard deviation of a sample distribution. The three most crucial factors in sampling are accuracy, bias, and precision.
By the straightforward relationship SE = SD/, the standard error of the sample mean is dependent on both the standard deviation and the sample size .
The standard deviation of a statistic's sampling distribution, or an estimate of that standard deviation, is the statistic's standard error (SE), which is often an estimate of a parameter. The standard error of the mean is used when the statistic is the sample mean (SEM).
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4. Jimmy buys a furniture suite for R9 800. He takes out a hire-purchase loan involving equal monthly payments over five years. The interest rate charged is 15% per annum. He also takes out an insurance premium of R12 per month to cover the cost of damage or theft a. Calculate the actual amount paid for the furniture suite b. Calculate the interest paid c. Calculate the monthly payment
The actual yearly interest rate refers to the rate presented as if aggravated once a year.
How do you compute the interest paid?Using the following formula, one can determine the interest paid: Loan principal x rate of interest x loan duration = interest.
The simple interest method is as follows: P x R x T = Interest. P denotes your principal sum. R is the rate of interest and T is the number of time intervals.
The estimated interest is calculated as simple interest over a 360-day annual cycle, which is divided into twelve (12) 30-day quarters. The principal multiplied by the rate of interest at the moment the demand was made equals the interest for the entire year. Start dividing interest for the entire year by 12 to get interest every 30-day interval.
If you take $100 and pay 5% interest, you will usually pay $105 to the creditor. The creditor will earn by $5. All through your lifespan, you may develop a variety of interests. Each credit has its own interest rate, which determines the total amount owed.
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h of the following is/are example(s) of optical properties of materials? which of the following is/are example(s) of optical properties of materials? a. refractive index b. dielectric constant c. reflectivity both a and b both b and c both a and c a, b, and c are all optical properties. none of these are optical properties of a material.
Refractive index is just one of matter's optical attributes. Dispersion. Transmission Coefficient and Transmittance.
What is meant by optical properties?Refractive index is just one of matter's optical attributes. Dispersion. Transmission Coefficient and Transmittance.
Both the medium's extinction index and refractive index directly affect these characteristics. The most significant optical characteristics are those that affect light's refraction, absorption, reflection, and scattering.
An essential characteristic of any optical instrument's parts is their refractive index. It establishes how effective prisms are at scattering light, how well lenses concentrate light, how reflective lens coatings are, and how well optical fibres guide light.
High reflection and poor transmission are connected to metals' optical characteristics. The absorption coefficient and the index of refraction are two constants that are used to quantitatively express the optical characteristics of metals.
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Which of the following would be the basic source of information used by the company in the risk selection process?
AReceipt
BWarranty
CRepresentation
DApplication
The basic source of information used by the company in the risk selection process is typically the Application. Thus option D is the answer.
The risk selection process is a crucial step in the insurance industry. It is used to assess the risk of providing coverage to a particular individual or company. The basic source of information used in this process is the application, which is a form or questionnaire that the individual or company completes when applying for coverage.
The application typically includes information about the individual or company's background, assets, and the type of coverage being requested. This information is used by the insurance company to assess the risk and determine the premium for the policy. It is also used to verify the information provided and to identify any potential red flags. The process also includes investigation, verification and analysis of the information provided.
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a stock in a customer account has been dropping rapidly in value. the investment adviser has attempted to contact the customer to advise her to sell the security, but the adviser is unable to reach that customer. the investment adviser is prohibited from placing the sell order unless the:
In the above situation, it is to be held that the investment adviser is prohibited from placing the sell order unless the customer had placed an existing sell order one year ago. Therefore, the option D holds true.
An investment adviser is regarded as the professional who places buy and sell order of securities on behalf of his or her customers. However, it is ethically wrongful of the investment adviser to place a sell order, although he or she may do so to react as per the existing sell order of the customer. This is because, the sell orders can be only as per the discretion of the customer.
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In the case mentioned above, it must be decided that the investment adviser is not allowed to issue the sell order unless the customer has already made a sell order that was effective one year before.
The expert who sets buy and sell orders of securities on behalf of his or her clients is known as an investment adviser. Though he or she may do so to respond to the customer's current sell order, it is unethical for the investment adviser to issue a sell order. This is due to the fact that sell orders may only be made at the customer's choice.
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to bring finished product to the customer various strategic distribution concepts are available. select all that were referred in the video.
To bring finished product to the customer various strategic distribution concepts are available, like logistics is the part of a supply chain involved with the forward and reverse flow of goods, services, cash, and information and is used
What do you mean by logistics?Logistics is the term used to describe the process of organizing and moving resources, such as people, commodities, inventories, and equipment, from one area to storage at the desired location. Supply, distribution, sales, and reverse logistics are the four main subtypes of logistics.
Inbound and outbound transportation management, fleet management, warehousing, material handling, order fulfillment, logistics network design, and inventory management are a few examples of logistics management activities. The transfer of goods between companies and their suppliers is referred to as inbound logistics. In contrast, outbound logistics deals with the movement of commodities between businesses and the final user or consumer.
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The complete question is:
To bring finished product to the customer various strategic distribution concepts are available like.
A) Transportation of material to the factory and finished goods from the factory to distributor, retailer or customer directly.
B) All activities involved in the receipt, storage, inventory and distribution of material & parts used to transform inputs into outputs.
C) Logistics is the part of a supply chain involved with the forward and reverse flow of goods, services, cash, and information.
A form of business ownership with a single owner who usually actively manages the company
Sole proprietorships are a form of business ownership has a single owner who usually actively manages the company.
Option B is correct.
How does a sole proprietorship work?A person who owns an unincorporated business on their own is known as a sole proprietor. However, if you choose to treat a domestic limited liability company (LLC) as a corporation, you will not be considered a sole proprietor if you are the sole member of the LLC.
What is the purpose of sole proprietorship?Having a sole proprietorship has two major advantages: it requires little paperwork and has low costs to set up. Additionally, it can be easily maintained. In fact, the SBA says that it is the simplest and cheapest type of business to start.
What dangers do sole proprietorships pose?Unlimited Risk and Liability: In a sole proprietorship, the owner is personally liable for all business debts, putting his or her personal assets and future earnings in jeopardy. The most important reason to steer clear of sole proprietorships is this.
Question is incomplete:
A form of business ownership with a single owner who usually actively manages the company
A. partnership
B. Sole proprietorship
C. Corporation
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A sharp downturn in the U.S. housing market reduced the income of many who worked in the home construction industry. One news source reported that wire-transfer business was likely to suffer because many construction workers are foreign nationals who regularly send part of their wages back to relatives in their home countries via wire transfers. With this information, correctly order the statements below to trace a chain of links that explains how reduced spending for U.S. home purchases is likely to affect the performance of the economies in the home countries of these workers. You are currently in a ranking module. Turn off browse mode or quick nav, Tab to move, Space or Enter to pick up, Tab to move items between bins, Arrow Keys to change the order of items, Space or Enter to drop. a. reduction in spending for U.S. home purchases adverse impact on foreign economies
Answer Bank -reduction in funds sent by workers to relatives in foreign countires
-reduction in spending by foreign households
-less business for foreign firms and job loss in those countries
-fall in income of construction workers
A sharp downturn in the U.S. housing market can have a ripple effect on the economy, particularly for those who work in the home construction industry.
When spending on U.S. home purchases decreases, there is less demand for new construction and thus less income for construction workers. Many of these construction workers are foreign nationals who regularly send a portion of their wages back to their home countries via wire transfers. As a result, a decrease in the income of construction workers leads to a decrease in the funds that are sent to their home countries. This reduction in funds can have a negative impact on the economies in the home countries of these workers, as it leads to a reduction in spending by foreign households and less business for foreign firms, potentially resulting in job loss in those countries. Overall, the chain of links starts with a reduction in spending for U.S. home purchases, which leads to a fall in income for construction workers, a reduction in funds sent to foreign countries, a reduction in spending by foreign households and less business for foreign firms, ultimately resulting in adverse impact on foreign economies.
a. reduction in spending for U.S. home purchases
b. fall in income of construction workers
c. reduction in funds sent by workers to relatives in foreign countries
d. reduction in spending by foreign households
e. less business for foreign firms and job loss in those countries
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when preparing journal entries, the account titles are selected using either the dropdown menu (if available) or by keying in the account titles. T/F
Above statement is correct, about preparing journal entries.
When preparing journal entries the account titles are selected using either the dropdown menu or by keying in the account titles?The account titles are chosen while creating journal entries either by typing them in manually or via the dropdown menu, if one is present. You can enter the accounts in any order when more than one has been debited without losing points.
What is a General journal?An original book of entries known as a general journal is where accountants and bookkeepers record unprocessed business transactions in chronological sequence, starting with the day the event occurs. A general journal is the initial place where information is entered, and each page of the item has separating columns for dates, serial numbers, and debit or credit records. Some companies retain specialist journals, such as buy journals or sales journals, that only record certain kinds of transactions.
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A business invested $15,000 on 1 October 2016 in 8%pa investment bonds, with interest being received every six months on 30 September and 31 March. The adjusting entry on 30 June 2017 would be:
The proper adjusting entry on June 30, 2017, to recognize the interest revenue from the investment in bonds is a debit to Interest Receivable and a credit to Interest Revenue of $300, respectively.
What is an adjusting entry?An adjusting entry is an accounting record to reflect the accrual basis of accounting at the end of the financial period.
Some business transactions do not have any cash effects. Adjusting entries make accounts match up to the accounting period by recognizing transactions in the period they occur.
Examples of adjusting entries include:
PrepaymentsAccrualsNon-cash transactions, for example, depreciation expenses.Face value of bonds = $15,000
Interest rate = 8%
Interest payment = semiannual
Interest dates = September 30 and March 31
Adjusting Entry Analysis:Interest Receivable $300 Interest Revenue $300 ($15,000 x 8% x 3/12)
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This week's topic is on the project scope; in particular, we will be developing a project scope statement for your Course Project.
The project scope statement is a document that details some, or all, of the sections listed below.
Project description
Project requirements
Project deliverables
Exclusions
Acceptance criteria
Estimated project schedule
Resource requirements
Estimated cost of the project
Project constraints
Project assumptions
Please, pick one of the sections above to develop content for the project scope statement
Before you create your project management strategy, you need determine the project scope because it is a moving objective.
What are the restrictions of the project?The broad limitations imposed on a project, such as its time, budget, and risk profile, are referred to as project constraints. Understanding project constraints is essential since they affect how well a project performs. The scope of a project is an exhaustive list of all the tasks necessary to produce a good or service. includes that of the project.
Since the bulk of project limits have mutually reinforcing effects, constraint management is crucial for project success. If you find that you have to prolong the project's timeline, you'll probably need more money to complete the work. The scope of your project will expand as the project's duration and cost do.
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Which of the following strategic options can a firm use for entering the international marketplace? (Check all that apply.)
The strategic options are:
FranchisingLicensingExportingHow often should firms undertake strategic planning in marketing?International planning process is essential for every business to succeed in foreign markets. An organization can accomplish its objectives through strategic planning by establishing priorities, making the most of its resources, and changing course as the external business environment changes.
Strategic planning is the skill of developing detailed business plans, putting them into action, and assessing the outcomes in light of a company's overarching long-term objectives or aspirations. However, if your company moves quickly, you might want to think about making one every two to three years. As their demands vary, small businesses might need to develop strategic plans more frequently.
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The lower the discount rate relative to the federal funds rate, the more likely a commercial bank will borrow from
another commercial bank instead of the Fed.
the Fed instead of another commercial bank.
the U.S. Treasury instead of either the Fed or another commercial bank.
the public.
The interest rate at which banks lend to one another is known as the fed funds rate. The central bank's discount rate is the rate at which it loans to banks as a lender of last resort. Both interest rates are set by the Federal Reserve. The fed funds rate is always less than the discount rate.
What is the effect of the discount rate on the federal funds rate?The fed funds rate is the interest rate charged by depository institutions (banks, savings and loans, and credit unions) to each other for overnight loans. The discount rate is the interest rate charged by Federal Reserve Banks when they provide collateralized loans to depository institutions (typically overnight).
A fall in the discount rate reduces the cost of borrowing money for commercial banks.
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In which of the following strategies is the probability of product-line breadth smaller than the average competitor?
A. Prospector
B. Differentiated defender
C. Low-cost defender
D. Differentiated analyzer
The correct response is C. Low-cost defender. A competitive strategy when a company emphasizes its current items, low prices, and excellent customer service.
It's really functional, and that's the key reason. And for the past 70 years, the Defender has kept up its iconic British presence around the world due to the emotional appeal. For the highest levels of protection for customers, Alpine's armoured Land Rover Defender is manufactured using the most recent technologies. This bulletproof Land Rover, which is typically armoured to Level A9/B6+, can withstand hand grenades, 7.62mm lead core, 5.56x45, and M80 ball bullets. The Defender, which had been in continuous production for 67 years, was ceased in 2016 due to growing irrelevance and the expensive EU emission rules. Jaguar Land Rover did, however, introduce a brand-new generation in 2020 that notably differentiates from the outgoing design.
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Ken and Traci are two woodworkers who both make tables and chairs. In one month, Ken can make 3 tables or 18 chairs, whereas Traci can make 8 tables or 24 chairs. Given this, we know that the opportunity cost of 1 chair is
a. 1/6 tables for Ken and 3 tables for Traci.
b. 1/6 tables for Ken and 1/3 tables for Traci.
c. 6 tables for Ken and 1/3 tables for Traci.
d. 6 tables for Ken and 3 tables for Traci.
The opportunity cost of 1 chair is 6 tables for Ken and 3 tables for Traci.
How may opportunity cost be a cost?
The term "opportunity cost" is used in economic theory to describe the value of what you must forego in order to choose something else. In a nutshell, it represents the value of the path not taken. When you choose between two or more options, you pay an opportunity cost, which is the cost of what you miss out on. Every decision involves trade-offs, and opportunity cost is the value of potential gains that you can forego by choosing one path over another. When there is an abundance of resources, there is little opportunity cost, so people will pay almost nothing to satisfy their demands. Because scarce resources force people to decide how to divide their supply in order to maximize returns, opportunity cost arises.
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Which of the following is (are) issuer transactions?
I Purchase of a NASDAQ listed security
II Purchase of a mutual fund share
III Purchase of a limited partnership interest from the sponsor
IV Purchase of an NYSE listed security
The issuer transactions are Purchase of a mutual fund share , Purchase of a limited partnership interest from the sponsor
Option II and III are correct.
Issuer transactions :The terms "Issuer Transactions" refer to the issuance of shares to HPC, "Issuer Subsidiary Merger," and "Offer by the Issuer (or its affiliate or successor) for all Company Shares not held by the Issuer or any affiliate thereof after the Closing" under the supervision of the Autorité des marches financiers and in accordance with its regulations.
Mutual fund shares :A pool of money managed by an experienced Fund Manager is referred to as a mutual fund. It is a trust that invests the same amount of money in securities such as stocks, bonds, money market instruments, and/or other securities from a group of investors with the same investment objective.
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according to one study, which three of the following represent the largest gaps in career readiness employers see in college students applying for employment? multiple select question. motivation to learn leadership diversity and inclusion professionalism/work ethic oral/written communication
The biggest career readiness deficiencies that companies notice in college students applying for jobs are in written communication.
Career preparation serves as a foundation for demonstrating the essential fundamental skills that broadly prepare college graduates for success in the workplace and lifelong career management.
Career readiness is essential for recent college graduates to ensure a successful transition into the job. Career readiness is the cornerstone of starting a successful career. Simply put, career preparation is the new currency in the job market.
Career preparation provides a framework for addressing career-related goals and the outcomes of academic and extracurricular activities in higher education, regardless of the student's field of study. The ability to identify critical skills and talents across all job functions is made possible by career readiness, which is key for hiring. Additionally, career preparedness offers a framework for talent development for businesses through programs like internships and other experiential learning opportunities.
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Digital technology allows companies to reach out to customers in numerous ways. Which of the following is NOT the purpose of a company reaching out using digital and social media?
A) building customer relationships
B) helping customers shop
C) providing product information
D) solving consumer problems
E) working with suppliers
Social media and digital outreach are not meant for the purpose of collaborating with suppliers.
Digital technologies have revolutionized civilizations more swiftly than any other invention in human history, and they are already used by about 50% of people in emerging nations. By enhancing connectedness, financial inclusion, access to trade, and governmental services, technology may be a significant equalizer.
Frontier technologies that are AI-enabled, for instance, are helping the healthcare sector with disease diagnosis and treatment as well as life span extension. Students who might otherwise be excluded from programs can now join thanks to distance learning and virtual learning environments. Through the use of blockchain-powered platforms and AI, public services are also becoming less bureaucratically onerous and more accountable. Big data can also aid in improving the precision and responsiveness of policies and initiatives.
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The major banks that trade foreign exchange generally do not deal directly with one another but instead use the services of foreign-exchange brokers.TrueFalse
Answer:
true
Explanation:
Dru, a US citizen is the owner of Egret, Inc .Egrets competitors include Feathered Friends Company, which is owned by Greg and Huey. Their industry class is regulated by the EPA which issues a license to operate. The bill of rights embodies a series of protections for Dru against types of interfaces byA) FFC and its other competitors only.B) FCC, Greg, Huey, others, and the government.C) Greg, Huey, and other private individuals only.D) The government only.
The bill of rights embodies a series of protections for Dru against types of interfaces by D) The government only.
The Environmental Protection Agency or also known as EPA generally can be defined as an independent executive agency of the United States federal government tasked with environmental protection matters. The Environmental Protection Agency or also known as EPA has a function to regulates the manufacturing, processing, distribution, and use of chemicals and other pollutants. The Environmental Protection Agency or also known as EPA has 3 principle, there are follow the science, follow the law, and be transparent.
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harry and emily wells friends of yours were married on december 30 2022 they kinow you are studying taxes and have sent you an email with a question concerning their filing status
Answer:
the answe is bésame yes
Explanation:
Becauee yes
What happens to the supply curve when any of the following determinants change? Indicate whether each of these determinants causes a shift of the supply curve or a movement along the curve. i. Change in market price: ________
ii. Change in factor productivity: ________
iii. Change in producer expectations: ________
iv. Change in the price of other goods: ________ v. Change in technology: ________
vi. Change in resource prices: ________
vii. Change in taxes: ________
The following happens to the supply curve
i. Change in market price: Movement along the supply curve
ii. Change in factor productivity: Shift of the supply curve
iii. Change in producer expectations: Shift of the supply curve
iv. Change in the price of other goods: Shift of the supply curve
v. Change in technology: Shift of the supply curve
vi. Change in resource prices: Shift of the supply curve
vii. Change in taxes: Shift of the supply curve
The supply curve is a realistic portrayal of the relationship between's the expense of a decent or administration and the amount provided for a given period. In a common representation, the cost will show up on the left upward pivot, while the amount provided will show up on the even hub. The inventory bend will move up from left to right, which communicates the law of supply: As the cost of a given product expands, the amount provided builds (all else being equivalent).
Note that this definition infers that cost is the free factor, and amount the reliant variable. In many disciplines, the free factor shows up on the even or x-pivot, yet financial aspects is an exemption for this standard. In the event that a component other than cost or amount changes, another stockpile bend should be drawn
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Using Innovative Thinking to Generate Ideas: using word association as our stimuli. Now, we're going to think about how to build a better coffee mug. I want you to take 3 minutes and write down the words (in other words, a brainstorm list of words or very short phrases. No complete sentences!) that come to mind about this coffee mug you see. How could we build a better one?
The corporate insulation technology to keep drinks hot or cold for longer periods of time. Use leak-proof and airtight seals to prevent spills and leaks.
What is technology?Technology, also referred to as the transformation and manipulation of the human environment, is the application of scientific knowledge to the practical goals of human life.
Significant societal changes have been brought about by technological breakthroughs. The earliest known technology is the stone tool, which was employed during prehistoric times.
This was followed by the ability to regulate fire, which helped to accelerate the development of language and the expansion of the human brain during the Ice Age.
The Bronze Age wheel's development paved the way for more advanced machinery and faster mobility. The printing press, telephone, and Internet were more modern technological innovations that helped to eliminate communication barriers and usher in the knowledge economy.
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Critical Thinking Questions
1. Elizabeth's company has asked her to write a list of ethical standards that can kickstart
conversations about their workplace policies. What four ethical standards should Elizabeth
include? Give one example of a workplace policy that could represent each of these four
standards.
2. Peter has recently found out that there has been a breach of confidentiality at his company.
What could this possibly mean? Give an example of what might have happened. What are
the possible consequences of this breach of confidentiality?
3. Cristina is giving a presentation on ethical behavior in the workplace. What should she
include in her presentation about personal and long-term consequences of unethical or
illegal behaviors in the workplace? How should she identify and explain what happens
when employees and companies engage in unethical behaviors?
4. Dwight has been named the safety compliance officer of his office. He is going to talk to
his employees about some personal and jobsite safety rules and regulations that maintain
safe and healthy work environments. He will also inform employees about OSHA
regulations. What are five main points he should include in his talk based on his goals?
5. Angela feels that her workplace is violating the Fair Labor Standards Act. What are three
things that this act requires that Angela's workplace might be violating?
Ethical standards in the workplace refer to the principles, values, and behaviors that guide the actions and decisions of individuals and organizations. They provide a framework for making decisions that are fair, honest, and responsible, and they help to create a culture of integrity and trust in the workplace.
Critical Thinking Questions and Answers on Ethical standards in a Business setting1. Four ethical standards that Elizabeth could include in her list are:Integrity: This standard emphasizes the importance of honesty, transparency, and accountability in the workplace. An example of a workplace policy that represents this standard could be a policy against discrimination, harassment, or retaliation.
2. A breach of confidentiality is when someone shares or reveals sensitive, personal or private information that should have been kept secret. For example, an employee might have shared a client's personal information without permission or an employee might have shared the company's confidential financial information. The possible consequences of this breach of confidentiality are:
Legal action from the affected parties.
Loss of trust from clients, partners, and other stakeholders.Damage to the company's reputation and credibility.
Termination of employment.Loss of contracts or business opportunities.
3. In her presentation, Cristina should include the following information about the personal and long-term consequences of unethical or illegal behaviors in the workplace. Cristina should explain that when employees and companies engage in unethical behaviors, it can lead to negative consequences for the individuals involved, as well as the company as a whole.
4. Dwight should include the following five main points in his talk based on his goals: An overview of OSHA regulations and the company's compliance with them.An explanation of the company's safety procedures and protocols.The importance of employee safety and how to report safety hazards or incidents. The possible consequences of not following safety rules and regulations. The role of each employee in maintaining a safe and healthy work environment.
5. Angela feels that her workplace is violating the Fair Labor Standards Act. Three things that this act requires that Angela's workplace might be violating are:
Minimum wage: Employees must be paid at least the minimum wage set by the federal government or the state government, whichever is higher.
Overtime pay: Employees must be paid time and a half for any hours worked over 40 hours in a week.
Child labor: Employers cannot employ children below certain age for certain types of work.
It's important for Angela to report her concerns to the proper authorities and to have a clear understanding of the violations before making any accusations.
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Companies like Target and JCPenney sometimes participate in a(n) ____________________ for the retail industry, which acts as a neutral third party and charges a fee for providing a trading forum.
Companies like Target and JCPenney sometimes participate in a(n)independent B2B exchange for the retail industry, which acts as a neutral third party and charges a fee for providing a trading forum
What is independent B2B exchange?an online marketplace run by a third party that accepts buyers and sellers from a specific sector. Members can browse classified ads and request quotes or contacts in a certain industrial sector by signing up on an independent e-marketplace. Private exchanges are run and owned by a single business.The owner only transacts on the exchange with dependable suppliers and clients to exchange data. Buyers may consolidate and control purchasing from preferred suppliers thanks to those exchanges. B2B (business-to-business) is a sort of electronic commerce (e-commerce) that refers to the exchange of goods, services, or information between businesses rather than between businesses and consumers (B2C). A business-to-business transaction takes place between two businesses, such as wholesalers and online retailers.To learn more about B2B exchange refer to:
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