Jean-Claude is using a price-skimming strategy. A "price skimming" strategy is a pricing method that involves setting a high price for a product or service, particularly during the initial stages of launching or introducing it.
Price skimming is a strategy that allows a business to recoup its development costs quickly. It is also used to indicate that the product is of high quality and that it is exclusive.
What is communication? The process of transferring information from one point to another is referred to as communication. It is a dialogue between a sender and a recipient in which information is exchanged. When we communicate, we attempt to convey information, thoughts, feelings, and concepts from one person to another.
What is a consumer? A consumer is an individual who buys or utilizes products and services in order to satisfy their needs and wants. A customer is another term for a consumer.
To learn more about “ communication” refer to the https://brainly.com/question/28153246
#SPJ11
helly cook recently launched a social network for chefs. one thing shelly is thinking about is creating is a panel of experts who can provide her ongoing direction and advice regarding the future of her business. shelly is thinking about creating a
Helly Cook launched a social network for chefs recently.
One thing she is considering is establishing a group of specialists who can provide her with ongoing guidance and advice about the future of her company.Therefore, a panel of experts is critical for the business's growth, success, and direction. As it helps in decision-making and making informed choices.
The board of experts should have a wealth of experience in business strategy, technology, and industry trends. The experts will provide guidance on specific aspects of the business that need improvement, such as marketing or product development.
Helly will be able to meet with her board of experts regularly to discuss the development of her business in the future.
These experts will provide her with vital information on the market, the competition, and new technologies to stay on the cutting edge. In the end, it can be concluded that the formation of a board of experts is essential for the growth of Helly's social network for chefs.
To know more about decision-making click on below link:
https://brainly.com/question/13244895#
#SPJ11
64. If the economy is normal, Charleston Freight stock is expected to return 15.7 percent. If the economy falls into a recession, the stock's return is projected at a negative 11.6 percent. The probability of a normal economy is 80 percent while the probability of a recession is 20 percent. What is the variance of the returns on this stock?
The variance of the returns on Charleston Freight stock is 0.010936.
The variance of the returns on Charleston Freight stock can be determined using the following formula:
[tex]Var(r) = (p1 * (r1 - E(r))^2) + (p2 * (r2 - E(r))^2)[/tex]
Where Var(r) represents the variance of the returns, p1 and p2 represent the probabilities of the economy being normal and falling into a recession, r1 and r2 represent the expected returns when the economy is normal and during a recession, and E(r) represents the expected return of the stock.
Given that the expected return is 15.7% when the economy is normal and -11.6% when the economy falls into a recession, and that the probability of a normal economy is 80% while the probability of a recession is 20%, we can use these values to calculate the variance of the returns.
[tex]Var(r) = (0.8 * (0.157 - E(r))^2) + (0.2 * (-0.116 - E(r))^2)[/tex]
We can now calculate the expected return of the stock:
[tex]E(r) = (0.8 * 0.157) + (0.2 * -0.116)\\E(r) = 0.1256 - 0.0232\\E(r) = 0.1024[/tex]
Finally, we can substitute the expected return into the variance formula to obtain the answer:
[tex]Var(r) = (0.8 * (0.157 - 0.1024)^2) + (0.2 * (-0.116 - 0.1024)^2)\\Var(r) = (0.8 *0.00296) + (0.2 *0.04284)\\Var(r) = 0.002368 + 0.008568\\Var(r) = 0.010936[/tex]
Therefore, the variance of the returns on Charleston Freight stock is 0.010936.
For more about variance of the returns:
https://brainly.com/question/22587067
#SPJ11
in activity-based costing, nonmanufacturing and manufacturing costs are assigned to products on a(n) blank basis. multiple choice question. compare-and-contrast day-to-day as needed cause-and-effect
The complete cost of producing a something or rendering a service, including all labor, overhead, and related expenses, is known as the manufacturing cost. When comparing production costs to selling prices, a business can decide if a good or service is profitable.
What is nonmanufacturing and manufacturing costs?
Direct labor, direct material, and manufacturing overhead are the three main subcategories of manufacturing expenses, according to Simple Studies. Nonmanufacturing costs, sometimes called "period" costs, include selling and administrative costs. Selling, general, and administrative fees as well as financing fees are examples of non-manufacturing overhead costs. Costs associated with non-manufacturing overhead support important aspects of a company, such as its sales and marketing efforts, and should not be viewed as discretionary expenses.
Manufacturing expenses are all expenses incurred throughout the production process that are necessary to generate final items. Any other expenditures that the manufacturing business incurs on activities outside than its primary production process are referred to as non-manufacturing costs.
Learn more about manufacturing costs:
https://brainly.com/question/17072383
#SPJ1
the revenue agent who audited mr. and mrs. vento's form 1040 assessed a $49,200 tax deficiency. the ventos strongly disagree with the result of the audit. what is their first step in contesting the result?
The Ventos' initial step in opposing the findings of the audit is to request a meeting with the revenue agent's supervisor to discuss the subject and attempt to settle any difficulties informally.
Who does the IRS audit?By taxpayer income, audit trends vary. IRS audited taxpayers with earnings of $500,000 or more and those earning under $25,000 at higher-than-average rates in recent years.
What are the possibilities of an audit?The likelihood of an audit for FY 2021 was 4.1 per 1,000 submitted returns (0.41%). Low-wage earners claiming the earned income tax credit were the taxpayer class with astronomically high audit rates, which were five and a half times higher than nearly everyone else.
To know more about revenue visit:-
https://brainly.com/question/29567732
#SPJ1
consider the following project: initial investment of $50 in year zero and constant inflows of $5 per year forever starting at the end of the first year. what is the project's irr?
Answer:
The project's IRR is 10% according to the given data.
Explanation:
The first step is to identify the project's cash flows, which will be used to calculate the IRR.
Project's cash flows = -$50 at time 0, $5 per year forever from year 1 onwards. (it's a perpetual annuity.)The next step is to use an IRR calculator, which can be found online, to determine the project's IRR. After inputting the project's cash flows into the IRR calculator, the IRR is determined to be 10%.
Therefore, the project's IRR is 10%. The project is worthwhile if the cost of capital is less than or equal to 10%, and it should be rejected if the cost of capital is greater than 10%.
Learn more about IRR here:
https://brainly.com/app/ask?q=IRR
#SPJ11
The project's IRR is 10% according to the given data.
The first step is to identify the project's cash flows, which will be used to calculate the IRR.
Project's cash flows = -$50 at time 0, $5 per year forever from year 1 onwards. (it's a perpetual annuity.)The next step is to use an IRR calculator, which can be found online, to determine the project's IRR. After inputting the project's cash flows into the IRR calculator, the IRR is determined to be 10%.
Therefore, the project's IRR is 10%. The project is worthwhile if the cost of capital is less than or equal to 10%, and it should be rejected if the cost of capital is greater than 10%.
Learn more about IRR here:
brainly.com/14120890
#SPJ11
All else equal, a decrease in the marginal cost of producing a good will result in: a) A lower equilibrium quantity and a higher equilibrium price. b) A lower equilibrium quantity and a lower equilibrium price. c) A higher equilibrium quantity and a higher equilibrium price. d) A higher equilibrium quantity and a lower equilibrium price.
The correct answer is d) A higher equilibrium quantity and a lower equilibrium price.
All else equal, a decrease in the marginal cost of producing a good will result in a higher equilibrium quantity and a lower equilibrium price. This is because when the marginal cost of producing a good decreases, the producer can afford to produce more of the good at a lower cost. As a result, the producer can sell more units of the good at a lower price and still make a profit.
When the producer can sell more units of the good at a lower price, the demand for the good increases, and the quantity demanded increases as well. This leads to a movement along the demand curve to a higher quantity demanded at a lower price. At the same time, the increase in supply due to the lower marginal cost shifts the supply curve to the right, which further increases the equilibrium quantity and lowers the equilibrium price.
Therefore, the correct answer is d) A higher equilibrium quantity and a lower equilibrium price.
Learn more about marginal cost here brainly.com/question/7781429
#SPJ4
Ideally, how long (how many pages) should your resume be?
A.one page
B.two pages
C.three to four pages
D.as many pages as needed
Answer:
Ideally, how long (how many pages) should your resume be?
3+ plus would be a bad idea its too long
I believe 1 - 2 pages would be good, you should probably choose B. two pages.
Explanation:
You're welcome.
Kacee has just inherited $10,000. She doesn’t need the money right away, so she is thinking of investing it. She asks her friend Abdul for financial advice. As he researches some investment opportunities, what might he tell her? Compare and contrast these for Kacee. What are her best options? What are her worst options? (This can be in a comparison chart OR a 4+ sentence paragraph)
When evaluating the investment options, Kacee should consider her investment goals, risk tolerance, time horizon, and financial situation.
What is investment?Investment refers to the act of allocating resources such as money, time, or effort towards a venture or asset with the expectation of generating a return in the future. The return may come in the form of income, capital appreciation, or both. Investment can take many forms, including stocks, bonds, real estate, mutual funds, and other financial instruments. Investors may choose to invest in a variety of assets to achieve their financial goals, which could range from long-term wealth accumulation to short-term income generation. However, investments come with varying degrees of risk, and investors should carefully evaluate the potential risks and rewards before committing their resources. Additionally, the investment landscape is influenced by a wide range of factors, including economic conditions, government policies, and technological advancements.
To learn more about investment, visit:
https://brainly.com/question/30529793
#SPJ1
a description method used when a product or service is proprietary or when there is a perceived advantage to using a particular supplier's product or services is:]
The description method used when a product or service is proprietary or when there is a perceived advantage to using a particular supplier's product or services is called vendor lock-in.
This is a situation in which a customer is “locked in” to a supplier due to the difficulty of transferring to another vendor.
This can be due to the proprietary nature of the product or service, or because of contractual obligations that make it difficult to switch to another provider.
A description method used when a product or service is proprietary or when there is a perceived advantage to using a particular supplier's product or service is called product specification.
A product specification is a description of the attributes of a product that defines its quality, efficiency, safety, and other characteristics. It comprises features such as dimensions, weight, color, components, and any other specifications that define the quality, safety, and efficacy of a product.
Learn more about product specifications here:
https://brainly.com/question/29733052
#SPJ11
international firms typically face more challenges than domestic firms when it comes to the issue of international trade. challenges international firms may face include which of the following? select all that apply. group of answer choices natural resource differences economic differences political differences legal differences sociocultural differences
Challenges international firms may face include economic differences, political differences, legal differences, and sociocultural differences. Thus, options b,c,d, and e are correct.
International firms typically face more challenges than domestic firms when it comes to the issue of international trade. The challenges international firms may face include the following:
Economic differences
Political differences
Legal differences
Sociocultural differences
These are major challenges for international firms as different markets have different cultural values, beliefs, customs, and attitudes toward businesses.
In conclusion, when it comes to international trade, international firms are likely to face a range of challenges that are not faced by domestic firms. These challenges can be economic, political, legal, and cultural.
To be successful in international trade, international firms must be aware of these challenges and develop appropriate strategies to overcome them. Thus, options b,c,d, and e are correct.
Learn more about International firms here:
https://brainly.com/question/30502166
#SPJ11
Alicia, a district manager for a global retailer, is traveling to different stores in her district to discuss with store managers how to increase profitability for the rest of the fiscal year. What is Alicia doing? Multiple Choice eliminating the planning/control cycle avoiding the planning/control cycle controlling the direction of the planning/control cycle researching the planning/control cycle forecasting the planning/control cycle
According to the choices of alternatives provided above, it may be said that Alicia is controlling direction of the planning / control cycle when she discusses store managers to increase profitability. Therefore, the option C holds true.
The control cycle, and planning cycle can be referred to or considered as the cycles that determine the functioning of activities in an organizational environment. When someone takes authority over the control cycle, they often end up changing the direction of the cycle.
Learn more about control cycle here:
https://brainly.com/question/29311271
#SPJ4
Complete question
Alicia, a district manager for a global retailer, is traveling to different stores in her district to discuss with store managers how to increase profitability for the rest of the fiscal year. What is Alicia doing?
Multiple Choice
eliminating the planning/control cycle
avoiding the planning/control cycle
controlling the direction of the planning/control cycle
researching the planning/control cycle
forecasting the planning/control cycle
Which stage of aerobic respiration produces the majority of the ATP yield? A.Glycolysis B.ChemiosmosisC.Citric acid cycle D.Electron transport chain
D. Electron transport chain. The electron transport chain is the final stage of aerobic respiration, where most of the ATP is produced through oxidative phosphorylation.
Aerobic respiration ends with the electron transport chain, which comes after glycolysis, the citric acid cycle, and oxidative phosphorylation. It is the method by which electrons are moved from NADH and FADH2 to oxygen, causing the creation of ATP. Via a number of protein complexes enmeshed in the inner mitochondrial membrane, the electrons are transported. The gradient created by protons pumping across the membrane as electrons move along the chain powers chemiosmosis, which produces ATP. Water is formed when oxygen is reduced and serves as the last electron acceptor. Being the principal source of ATP output during aerobic respiration, the electron transport chain is crucial for cellular energy generation.
learn more about electron transport here;
https://brainly.com/question/24372542
#SPJ4
When faced with financial distress; managers of firms acting on behalf of their shareholders' interests will:
A. favor issuing large quantity of low quality debt to low quantity of high quality debt
B. favor paying high dividends to the shareholders
C. delay the onset of bankruptcy as long as they can
D. All of the above
All of the above answers are correct.
When faced with financial distress, managers of firms acting on behalf of their shareholders' interests will favor issuing large quantity of low quality debt to low quantity of high quality debt in order to reduce the overall cost of debt. In addition, they will favor paying high dividends to the shareholders in order to provide an immediate reward for their investment.
Finally, they will delay the onset of bankruptcy as long as they can in order to preserve the value of the firm and allow time to explore other options to help the firm recover. All of these options are intended to reduce the impact of financial distress and help the firm recover.
Know more about Shareholder here:-
https://brainly.com/question/29803660#
#SPJ11
Which of the following statements about business ethics is true?Multiple ChoiceThey are skills needed to identify and overcome business problems.They are of decreasing significance to businesses in the post-trust era.They are self-formulated values prioritized and adhered to by individuals in business.They measure the extent to which employees care for the needs of the business.They are commonly held principles in the business community for acceptable behavior.
The following statements about business ethics are true: "They are commonly held principles in the business community for acceptable behavior." Therefore, the correct answer is the last option.
Business ethics is a branch of study concerned with moral principles that govern business behaviors. These values refer to the way in which organizations conduct themselves in the course of doing business.
In the business world, ethical conduct is vital for a corporation to maintain its good reputation and avoid legal repercussions. Furthermore, it has an impact on employee behavior, job satisfaction, and organizational culture.
A company's ethics may influence how its employees, clients, and the public perceive it. A good ethical culture can lead to a business being viewed favorably and attracting clients and employees who share the same values. Meanwhile, ethical violations can lead to bad publicity and harm a firm's reputation.
Learn more about business ethics at https://brainly.com/question/4048149
#SPJ11
is it illegal for unions to represent their members by lobbying congress, state legislatures and government agencies.
No, it is not illegal for unions to represent their members by lobbying Congress, state legislatures, and government agencies.
What is lobbying?Lobbying is a way for unions to make their voices heard and work to create changes that benefit their members and the larger community. Unions use lobbying to advocate for workplace safety standards, better working conditions, fair wages, employee benefits, and job security, among other issues.
They also lobby for social and economic policies that affect their members and communities, such as healthcare, education, and environmental protection. Lobbying is an essential tool for unions to influence public policy, and it is not illegal for them to use it to represent their members' interests.
However, unions must follow the rules and regulations for lobbying activities, such as registering with the appropriate government agencies and reporting their lobbying activities and expenses. Lobbying by unions is a significant part of their advocacy work, and it is how they work to influence legislation and public policy to support their members' rights and interests.
Learn more about Lobbying here:
brainly.com/question/29613008
#SPJ11
______ risk is the potential threat to a firm's operations in a country due to ineffectiveness of the domestic governmental system.
Political risk is the potential threat to a firm's operations in a country due to the ineffectiveness of the domestic governmental system.
What is Political risk?
Political risk is a type of risk that emerges from the potential for government policies to negatively impact a company's operations or investment prospects. It may refer to any economic, legal, or cultural situation in a country that causes a negative effect on a business's revenue and profits due to government interference.
In most cases, political risks occur when firms invest or operate in nations that have political instability, economic downturns, or social upheavals. The consequence of political risk can be catastrophic to businesses, with companies losing revenue, failing to deliver goods, and generally suffering from disrupted operations.
learn more about Political risk here:
https://brainly.com/question/19671943
#SPJ11
musashi needs a loan and is speaking to several lending agencies about their interest rates and loan terms. he particularly likes his local bank because he is being offered a nominal rate of 6.00%. however, since the bank is compounding its interest quarterly, the loan will impose an effective interest rate of on his loan.
a. 6.136%
b. 6.450%
c. 5.995%
d. 6.319%
[tex]r = 1.015^{4 - 1}[/tex]6.136% is the effective interest rate on Musashi's loan due to quarterly compounding. The correct answer is A.
When calculating the effective interest rate (EIR) on a loan, the following formula is used:
[tex]r = (1 + ( 1 / n))^{n - 1}[/tex]
where:
r - the effective annual interest rate;
i - the nominal interest rate;
n - the number of compounding periods per year.
Musashi's loan's nominal interest rate is 6.00%, and it is compounded quarterly. As a result,
n=4, and i=6.00%.
Putting these values into the formula:
[tex]r = (1 + ( 6.00percent/ 4))^{4 - 1}[/tex]
[tex]r = (1 + 0.015))^{4 - 1}[/tex]
[tex]r = 1.015^{4 - 1}[/tex]
= 1.061357 - 1
= 0.061357
= 6.136%
Therefore, the effective interest rate (EIR) on Musashi's loan would be 6.136%. Answer is (A) 6.136%.
You can learn more about interest rate at
https://brainly.com/question/25793394
#SPJ11
mc qu. 31 a ceo determines that the...a ceo determines that the company needs to eliminate a labor surplus to avoid financial difficulties. to deal with this problem, the ceo chooses a strategy that gives fast results. however, the amount of suffering caused to employees is high. the ceo is most likely using the_____strategy to reduce the labor surplus.
multiple choice
a. early retirement
b. downsizing
c. natural attrition
d. retraining
e. hiring freeze
The most likely strategy that the CEO is using to reduce the labor surplus and to get fast results in the given scenario is downsizing. Option b is the right choice
When the workforce is more than the company requires, it is referred to as a labor surplus. In such cases, the organization must reduce the number of employees to avoid financial difficulties.
Downsizing is the process of reducing the size of an organization's workforce. This is done to cut costs and remain competitive. It is also known as layoff or retrenchment. It is the most likely strategy that the CEO is using to reduce the labor surplus in the given scenario.
The process of downsizing can also be done immediately and fastly. As the CEO wants to choose a strategy that would give him fast results, downsizing would be the appropriate option.
Learn more about labor surplus at:
https://brainly.com/question/14767619
#SPJ11
which activity takes place once the design of the promotional program is complete? multiple choice question.
Answer:set the promotion schedule
Explanation:
acme has a noncontributory qualified profit sharing plan with 310 employees in total, 180 who are nonexcludable (40 hc and 140 nhc). the plan covers 72 nhc and 29 hc. the nhc receive an average of 4.5% benefit and the hc receive 6.5%. which of the following statements is (are) correct? 1. the acme company plan meets the ratio percentage test. 2. the acme company plan fails the average benefits test. 3. the plan must and does meet the adp test. (a) 1 only (b) 2 only (c) both 1 and 2 (d) 1, 2 and 3
In the following question, among the given options and conditions given, The answer is (c) both 1 and 2. acme has a noncontributory qualified profit-sharing plan with 310 employees in total, 180 who are non-excludable (40 hc and 140 NHC). the plan covers 72 nhc and 29 hc. the nhc receives an average of 4.5% benefit and the hc receives 6.5%.
The answer is (c) both 1 and 2. The Acme Company Plan meets the ratio percentage test since the plan covers 72 non highly compensated employees (NHCE) out of the 180 non-excludable NHCE, which is 40% of the total employees covered by the plan. The Acme Company Plan also fails the average benefit test, since the NHCE average benefit of 4.5% is lower than the 6.5% of the highly compensated employees (HCE). Therefore, both 1 and 2 are correct.
For more such questions on profit-sharing
https://brainly.com/question/31110179
#SPJ11
leadership emphasizes increased service to others; a holistic approach to work; promoting a sense of community; and the sharing of power in decision-making. question 7 options: a) actual b) situational c) charismatic d) servant e) transformational
The best option for this question is d) servant. Leadership that emphasizes increased service to others, a holistic approach to work, promoting a sense of community, and the sharing of power in decision-making is a type of servant leadership.
Servant leadership is a style of leadership in which the leader is focused on serving others rather than being served themselves. In servant leadership, the leader prioritizes the needs of their team members, customers, or clients over their own needs.
What are some examples of servant leadership?Some examples of servant leadership in action include: Promoting a positive work environment by recognizing and rewarding team members for their contributions encouraging team members to take initiative and come up with new ideas for how things can be done creating a culture of collaboration and open communication, where everyone feels like they can contribute to the success of the team focusing on the needs of customers or clients, rather than just the bottom line or profit margins taking the time to get to know team members on a personal level and showing an interest in their lives outside of work.
Learn more about servant leadership here:
https://brainly.com/app/ask?q=+servant+leadership
#SPJ11
ProFast Technologies makes and sells only one product, a high-quality server for secure cloud storage. ProFast was recently approached by Digital Territory, a large data warehouse that rents server space to commercial customers, about purchasing their company. Digital Territory is engaging in a. unrelated diversification. b. related diversification. c. vertical integration. d. differentiation,
As ProFast was recently approached by Digital Territory, a large data warehouse that rents server space to commercial customers, about purchasing their company. Digital Territory is engaging in vertical integration. The Option C is correct.
What does a vertical integration means?Vertical integration refers to a business strategy in which a company controls multiple stages of the manufacturing and supply chain. Vertically integrated businesses can reduce or eliminate the need to rely on outside entities such as manufacturing and transportation.
Vertical integration is classified into three types: backward (upstream) vertical integration, forward (downstream) vertical integration, and balanced (both upstream and downstream).
Read more about vertical integration
brainly.com/question/19815172
#SPJ1
In designing presidency, the delegates Tried to strike what kind of balance?A) between monarchy aristocracy an anarchyb) Between materialism an economic stewardshipc) Between assuring adequate executive power and minimizing the risk of tyrannyd) Balance between social policy and cultural leadership
In designing presidency, the delegates Tried to strike balance option c) Between assuring adequate executive power and minimizing the risk of tyranny.
Who are delegates?Delegates are individuals who are chosen or elected to represent a larger group of people at a conference, convention, or other formal gathering. They are typically tasked with the responsibility of advocating for and voting on behalf of the interests and views of the group they represent.
In political contexts, delegates may be selected to represent a political party at a national convention, where they vote to nominate a presidential candidate or adopt a party platform. Delegates may also be chosen to represent a country at an international conference or summit.
Learn more about delegates at:
https://brainly.com/question/29578783
#SPJ1
A company reports 2021 pretax accounting income of $42 million, but because of a single temporary difference, taxable income is only $23 million. No temporary differences existed at the beginning of the year, and the tax rate is 25%.
Prepare the appropriate journal entry to record income taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal place (i.e., 5,500,000 should be entered as 5.50).)
The Pretax income is $10 million and the tax rate is 40\%.
Income, which is typically stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration. Conceptually, income is hard to define, and different fields may have distinct definitions.
Income is the money that an individual or organization receives in return for their services or goods. Depending on the context—such as taxation, financial accounting, or economic analysis—income may have a variety of definitions.
It's a one-time income that is unlikely to happen again in a calendar year. This income is neither foreseen nor guaranteed by any contract. Casual revenues include, for instance, winnings from lotteries, card games, game shows, horse races, crossword puzzles, or any other games.
Learn more about the Income here:
https://brainly.com/question/2386757
#SPJ12
All of the following are necessary for budgets to be effective except. Select one:O a. Goals should be challenging but attainable. O b. All levels of management from all departments with an organization should be involved in the budgeting process. O c. Employees who will have performance evaluated according to the budget standards should not be involved in preparing the budget. O d. Evaluations should be made carefully with opportunities to explain differences between actual and budgeted amounts. O e. Managers should be aware of potential negative outcomes of budgeting, such as budgetary slack.
All of the following are necessary for budgets to be effective except Employees who will have performance evaluated according to the budget standards should not be involved in preparing the budget.
What is a Budget?
A budget is an economic plan that predicts income and expenditures over a period of time. It helps to determine whether or not an organization can afford to take on new ventures, hire more people, and grow. Setting objectives, evaluating costs, and allocating resources are all part of it. It is critical that all levels of management from all departments within a company participate in the budgeting process for a budget to be effective.
Goals should be challenging yet attainable, and evaluations should be made carefully with opportunities to explain differences between actual and budgeted amounts. In addition, managers should be aware of potential negative outcomes of budgeting, such as budgetary slack.
Therefore, the correct answer is c
learn more about Budget here:
https://brainly.com/question/8647699
#SPJ11
Individuals and households that buy or acquire goods and services for personalconsumption make up the ______.A) consumer marketB) market offering
Individuals and households that buy or acquire goods and services for personal consumption make up the consumer market.
Every moment a customer makes a purchase for their own use, they are participating in the consumer market. Customers buy products and services in a consumer market not for resale but for their personal use or to share with others. The majority of the products available on this market are daily requirements for consumers. People are able to purchase goods and services through a consumer market. The final customers, or those who do not resale the product or service, make up the consumer market. Consumers and items can be found all throughout the market.
To learn more about consumer market refer here:
https://brainly.com/question/29576179
#SPJ4
describe the scientific management approach that was embraced by henry ford in his early assembly lines and explain why this may be useful and/or limited in the current
The scientific management approach that was embraced by Henry Ford in his early assembly lines and explain why this may be useful and/or limited in the current context.
About scientific management approachThe scientific management approach was embraced by Henry Ford in his early assembly lines because he believed that the productivity of workers would increase if each person had a particular set of tasks to perform.
As a result, he created a system that was highly structured and efficient, allowing him to mass-produce automobiles at a low cost. He applied various scientific management principles to his production lines, such as breaking down tasks into smaller, more manageable parts, determining the best way to perform each task, and then training workers to perform their assigned tasks effectively.
He also emphasized the importance of standardization, which meant that each worker had to perform tasks in the same way every time, ensuring that products were consistent in quality and that the assembly line operated efficiently.
Why this may be useful and/or limited in the current context:
Although Ford's assembly line system was highly effective in its day, it has some limitations in the current context. For example, the principles of scientific management are often viewed as being too rigid and inflexible. Today's workers are less willing to perform the same tasks over and over again, and they are more likely to prefer jobs that offer a greater degree of variety and autonomy. Moreover, there is more emphasis on collaboration and teamwork today, which runs counter to the highly structured approach that Ford implemented.In conclusion, although the scientific management approach was an important development in the early 20th century, it is not always the best fit for today's workplaces. Managers must be willing to adapt to changing conditions and to find new ways of improving productivity and efficiency.
Learn more about scientific management at
https://brainly.com/question/20435550
#SPJ11
the project manager needs to show courage both in making the right decisions personally and in creating an atmosphere in which others are encouraged to make the right decisions. True or False
The given statement, "The project manager needs to show courage both in making the right decisions personally and in creating an atmosphere in which others are encouraged to make the right decisions" is true because they responsible for creating and maintaining a positive and empowering environment.
In the realm of project management, there are many challenges that project managers must face. They need to make certain that the projects are finished on schedule and that they meet the needs of stakeholders. They also have to ensure that all project team members are happy and fulfilled in their roles. To be an effective project manager, they must demonstrate a high level of courage.
In making the right decisions, project managers need to show bravery. To successfully manage a project, they must be able to make decisions that will affect the success of the project. They must also have the bravery to make decisions that are not always popular among stakeholders.
In creating an atmosphere in which others are encouraged to make the right decisions, project managers must be able to create a culture of bravery. They must encourage their team members to take risks and make difficult choices that may result in the success of the project. In conclusion, project managers need to have the courage to make good choices and create an environment in which others are encouraged to do the same.
Learn more about project manager https://brainly.com/question/27995740
#SPJ11
yallow, inc. manufactures teddy bears and dolls. currently, yallow makes 2,000 teddy bears each month. each teddy bear uses $2.00 in direct materials and $0.50 in direct labor. yallow uses two activities in manufacturing the teddy bears: sewing and processing. the cost associated with sewing is $15,000 a month, allocated on the basis of direct labor hours. the cost associated with processing is $10,000 a month, allocated on the basis of batches. the activity drivers are used as follows:
Teddy Bears Dolls
Direct labor hours 100 200
Batshes 4 6 What is the total manufacturing cost for one teddy bear?
A. $2.50 B. $4.50 C. $7.00 D. $25,002.50
The total manufacturing cost for one teddy bear is C. $7.00.
Production costs are the capital or funds that a business must expend to produce a product or service. The cost of goods manufactured or cost of goods sold calculation serves as a reference for the company later before the selling price is determined.
This is calculated by adding the costs for direct materials ($2.00) and direct labor ($0.50) to the amount of cost allocated to the teddy bear from both the sewing ($15,000/100 = $150/teddy bear) and processing ($10,000/4 = $2,500/teddy bear) activities.
Therefore, the total cost is $2.00 + $0.50 + $150 + $2,500 = $7.00.
Learn more about calculate cost of production: brainly.com/question/29886282
#SPJ11
gm believes that electric vehicles will provide the company with access to an underserved market. based on what you know about a swot analysis, the electric vehicle market is a(n)
Based on what is known about SWOT analysis, the electric vehicle market can be considered a potential opportunity for GM.
What is the SWOT analysis tool?SWOT analysis is a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats facing a company or organization. Opportunities and threats are external factors that are outside of the company's control, but which can have a significant impact on its success.
In the case of GM, the electric vehicle market represents an opportunity because it is an underserved market that the company believes it can tap into with its electric vehicle offerings. This represents a potential opportunity for GM to grow its market share and increase its revenue and profitability.
Find out more on SWOT analysis at https://brainly.com/question/28506368
#SPJ1
