Answer:
determine all of the industry factors that contribute to a firm's competitive strength or weakness.
Explanation:
A competitive strength assessment represent the assestment related to the strength & weakness of an individual or the company with the present and the rivalry. This knowledge could be used for the efforts made in order to improving out the weakness of an individual
So as per the given situation, the last option should be correct
The CEO/chairman of PharmaPacifica was recently killed in an airplane crash. This tragedy has thrown PharmaPacifica into turmoil as there is no one in the organization qualified to step into the former CEO's shoes. This is an example of: a. the risk inherent in CEO duality. b. excessive reliance on the internal managerial labor market. c. managerial hubris. d. a failure of succession management.
Answer:
d. a failure of succession management.
Explanation:
Since in the given situation it is given that the CEO of the company killed in the airplane crash and other than him there was no one who is well qualified for the post of the CEO or chairman so this situation represent that there is the failure of the management when some higher authority is not there to direct them or seeing their performance aslo it is now very difficult to attain the company goals and objective
Therefore the option d is correct
For each of the following indicate whether unemployment is cyclical, structural, seasonal, frictional (or if this is not unemployment).
(Cyclical, Structural, Seasonal, Frictional, Not Unemployment) Bill just graduated from college and has yet to find his first job. He is confident that he will find a job.
(Cyclical, Structural, Seasonal, Frictional, Not Unemployment) Jane does not have a job because she has elected to stay home to care for her children.
(Cyclical, Structural, Seasonal, Frictional, Not Unemployment) Ned was a steel worker, but the plant closed because US factories can buy steel from China, Ukraine, and others more cheaply. It is unlikely that the plant will reopen.
Answer:
Frictional
Not Unemployment
Structural,
Explanation:
Unemployment can be defined as members of the labour force that do not have a job but are actively seeking employment
Types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent. Ned is structurally unemployed due to changes in his industry
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. The period from when graduates till when he gets a job, he is frictionally unemployed
Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom
Jane is not unemployed because she is not seeking employment
A business must decide whether to open a new office in China. If it opens the
branch, it will increase its chances of selling a high volume of its products in
China. On the other hand, the business will have to spend a lot of money to
make the branch operational.
What would be an opportunity cost for the business if it chooses to open the
new branch in China?
A. The business would be able to increase the selling prices for most
of its products.
B. The business would be able to easily sell its products to many
new customers.
C. The business could not use the money it spends on the new
branch for something else.
D. The business would have to spend all its money making new
Chinese products.
Answer:
C. The business could not use the money it spends on the new
branch for something else.
Adam Smith's phrase "invisible hand" refers to
A. the subtle and often hidden methods that businesses use to profit at consumers' expense.
B. the ability of free markets to reach desirable outcomes, despite the self-interest of market participants.
C. the ability of government regulation to benefit consumers, even if the consumers are unaware of the regulations.
D. the way in which producers or consumers in unregulated markets impose costs on innocent bystanders
Answer:
B. the ability of free markets to reach desirable outcomes, despite the self interest of market participants.
The Adam Smith's phrase "invisible hand" refers to the ability of free markets to reach desirable outcomes, despite the self-interest of market participants Option(b) is correct.
What does Invisible hands by Adam Smith denotes?The invisible hand is a representation involved by the English moral rationalist Adam Smith for his speculated social system as per which inside the unregulated economies the homegrown bourgeoisie put resources into their nation of origin.
Smith was concerned that if the development of capital and the development of products (imports) were both free, the English bourgeoisie would contribute abroad, to the impairment of England. To this, Smith concocted a contention as per which the English middle class would be one-sided by their place of home and would subsequently make interests in the nation of origin directed by an "invisible hand".
Smith initially referenced the term in his work Hypothesis of Moral Feelings in 1759, yet it has really become known from his primary work The Abundance of Countries, where the actual word is referenced just a single time.
Therefore Option(b) is correct.
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It has been reported that 40% of U.S. Workers employed as purchasing managers are females. In a simple random sample of U.S. Purchasing managers, 70 out of the 200 are females.
Answer:
a. Population proportion = 0.40b. Sample proportion = 0.35Explanation:
Question wants to know the population proportion and the sample proportion.
a. Population proportion:
The population in this case is the U.S. workers employed as purchasing managers. The proportion that we are interested in is the 40% that are female.
Population proportion is therefore 0.40.
b. The sample proportion uses the sample details not the population details:
= Number of females employed as Purchasing managers in sample / Number of Purchasing managers in sample
= 70 / 200
= 0.35
While taking an application, an originator learns that his potential borrower receives income from a public assistance program. Without even running a full pre-qualification, the originator tells the would-be borrower that he cannot help someone who is receiving public assistance. This originator is in violation of the:
Answer:
Equal Credit Opportunity Act (ECOA).
Explanation:
The Equal Credit Opportunity Act (ECOA) is a federal law that was enacted on 28th of October, 1974 by the US Congress. It was created by the government of the United States of America so as to avail all individuals (borrowers) an equal opportunity to obtain loans and other types of credits from creditors (lenders) without any form of discrimination based on factors such as religion, colour, race, marital status, age (provided he or she is mature), sex, etc.
In this scenario, the originator is in violation of the Equal Credit Opportunity Act (ECOA) because an originator is prohibited from basing a decision to give or grant credit to an applicant (would-be borrower) due to the fact that he or she receives income from a public assistance program.
UniFront Corp., a telecommunications company, has launched a new limited edition smartphone called zNINE that has advanced technology features and is built using high-grade material. The company has made only 99 of these zNINE cellphones and customers are ready to pay more than what the cellphone is worth because it is so limited in number. This scenario can be best categorized as an example of __________.
Answer: C. rarity
Explanation:
According to the laws of Supply and Demand, when the supply of a good is low relative to its demand, the price will be higher to reflect its relative scarcity or rarity. This ensures that only a few are able to buy the few goods on offer.
This is the case here with UniFront's phone. Due to the rarity of the phone, people will pay more than the phone is worth so that they can acquire it. In other words, the limited number of phones produced relative to the demand is low therefore the price is higher.
In the early 1980s, a new technology was introduced to banks where customers could withdraw their money without having to enter the bank or keep baking hours. As the first ATMs began to be introduced to more and more banks, it began to have an effect on bank personnel. Thinking about the bank environment, identify who would most likely be impacted by this technology change and suffer long term structural unemployment
Answer: A bank teller with 4 years of relevant work experience and a high school diploma
Explanation:
Structural unemployment refers to an unemployment that is caused as a result of the mismatch between the skills that an individual has and the skills that an employer wants from his or her employees.
With the introduction of the automated teller machine, the person that will be affected is the bank teller with 4 years of relevant work experience and a high school diploma because the person helps in handling cash and giving out funds to the customers inside the bank but the ATM can solve this.
Cost behavior ______. Multiple select question. is the relative proportion of each type of cost in an organization is a detailed analysis technique used to determine whether costs are fixed or variable refers to how a cost will change as activity level changes categorizes costs as fixed, mixed and variable
Answer:
refers to how a cost will change as activity level changes
Explanation:
Cost behaviour is defines as how a business's expenses will change as a result of changes in its activities.
Business managers need to consider activities that may lead to spike or decline in the in expenses.
This will lead a robust annual budget that meets the cost need of the business.
Cost behaviour is divided into 3:
- variable costs that vary directly with changes in business activities. For example direct material cost.
- fixed costs that do not change as business activity changes. For example rent
- mixed costs have a mixture of variable and fixed costs. For example cell phone service that has a fixed charge monthly and also a variable charge for texting
It should be noted that Cost behavior refers to how a cost will change as activity level changes.
Cost behavior can be regarded as the indicator which shows the way a cost will change in total with respect to change in some activity.
Therefore, Cost behavior refers to how a cost will change as activity level changes.
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Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one from a lesser-known brand.
Which questions should she consider before she buys the jacket? Check all that apply.
Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Will her sister like the jacket too?
Answer: Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Explanation:
The questions that she should consider before she buys the jacket include:
• Is advertising influencing her?
• What are her motivations?
• Has she compared prices?
• Is she buying at the right time?
Before buying the jacket, the question "Will her sister like the jacket too?" shouldn't be considered as she is looking to satisfy her own needs and not that if her sister and in this case, he sister shouldn't have an impact on her buying decision.
Answer:
A, B, C, D
Explanation:
edge2021
Stock markets are a economic type of globalization
TRUE OR FALCE
Answer:
the answer is true I guess
Answer:
true
Explanation:
Your uncle has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account
Answer:
14.96
Explanation:
Calculation to determine For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end
Using financial calculator to determine the Number of years
I/YR= 7.50%
PV=$300,000
PMT=$35,000
FV=$25,000
N=?
Hence,
N=14.96 years
Therefore For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end will be 14.96 years
Every T account has two sides, credit and credit side.
True
False
Answer:
False
Explanation:
The two sides are DEBIT and credit.
Your co-worker, the operations manager of Blue Ocean Seafood Restaurants, has pointed out a slight decline in diners ordering and eating the chain's famous cheesy butter biscuits. The head of product development has a theory that people want lighter options today, and she has recommended test marketing a lower-fat version of the biscuits at select locations in eight major cities across the United States. As the marketing director, how do you respond
Answer:
You agree that test marketing could be helpful, but you point out that it may also reveal your ideas to your competitors.
Explanation:
In the give scenario the existing famous cheesy butter biscuits sales are going down. In an effort to increase the revenue of the business the head of product development has a theory that people want lighter options today, and she has recommended test marketing a lower-fat version of the biscuits at select locations in eight major cities across the United States.
This is an innovative solution to the problem and the head of product development should be encouraged to drive the test marketing.
However marketing a lower-fat version of the biscuits at select locations in eight major cities will expose the strategy to competitors. It will be better to conduct the test in a more controlled environment away from competitors.
On consumer protection matters such as regulating the food processing industry, Roosevelt ________; in conservation he ________.
A. refused to support legislative action; sought protection for natural resources
B. came slowly to support moderate regulatory reform; showed aggressive leadership
C. proposed creation of a federal regulatory agency; opposed any action that would lock up the nation's resources
D. asserted presidential power; deferred to congressional action
Answer:
B. came slowly to support moderate regulatory reform; showed aggressive leadership
Explanation:
The essential rights of consumers in relationship with businesses includes
1. The right to be informed
2. The right to safety
3. The right to choose
4. The right to be heard
5. The right to privacy
Ways of protecting consumer rights
1. Consumerism
2. Government regulation
3. Law/courts
4. Industry self-regulation
Consumer protection laws
This law protects as it shows the goals of government policymakers and regulators in the context of the rrights of consumers. It ensured that consumers are treated fairly, receive adequate information etc.
Theodore Roosevelt' "Square Deal" put together the three Cs which are control of the corporations, consumer protection, and the conservation of the United States' natural resources.
10.A business operates its petty cash on the imprest system .At the
beginning of the month the petty cashier was given $200.She spent
$152.How much will she be reimbursed?
a. $48
b. $152
c. $200
d. $352
Answer: $152
Explanation:
Imprest system simply refers to a form of accounting whereby there's a fixed amount that is maintained throughout the period. In such case, the opening balance and the closing account balance will remain the same.
In such system, a fixed amount is reserved, such that the money that was spent, will be replenished after a period of time. Therefore, since the spent $152, then the same amount will be replenished.
Lauren owns a spa and is contemplating whether to eliminate facials from her menu of services. To decide, she asked a few customers their opinion. But these particular customers never had a facial before, so they told Lauren to eliminate this service. And she did. What general principle did Lauren fail to follow in trying to measure performance
The general principle Lauren failed to follow when measuring performance is not cutting corners.
What is performance measuring?This is an instrument to evaluate the performance or efficiency of a product or service in a company.
What is the not cutting corners principle about?This principle implies evaluations should be done completely, rather than making it in the easiest way possible because this will cause a negative impact.
What did Lauren do wrong?Lauren failed the not cutting corners principle because she did not ask most of her clients before making this important decision.
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In the context of work team processes, cooperative teamwork skills: Group of answer choices include the ability to have access to information for monitoring where the team and members are in the competition. include competitiveness and close monitoring. are those abilities that affect individual performance. are those activities essential to the effective interpersonal relationships within a group or a team.
Answer:
(D) include open communication, trust, personal integrity, positive interdependence, and mutual support.
Explanation:
With respect to the process made for the work team, the skills of the cooperative teamwork generally involves the open communication so that there is no misunderstand, also it includes the trust, mutual support, and other things so that the employees feel comfortable and they dont hesitate while asking anything
So as per the given situation, the above should be the answer
You are the manager of a clothing store. You must decide how many of your employees to put on the sales floor, and how many to put on the register. Because employees on the sales floor cause customers to buy more products, if you do not have at least 2 employees on the register for every 5 employees working on the sales floor, your registers will get very clogged and you will lose business. You have a total of 84 employees, and you wish to have as many on the sales floor as possible. How should you divide your employees
Answer:
c. 60 on the sales floor, 24 on the register.
Explanation:
Given that
The total number of employees to manage is 84
and w assume that the no of employees on the sales floor after having division be x
also the given condition is that there should be minimum of 2 employees for every 5 employees that worked on the sales floor
So that means
x ÷84 = 5 ÷ (5 + 2)
after solving this x = 60
So the no of employees on register is
= 84 - 60
= 24
Davenport Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment. Second, the employee can take $31,000 at the date of employment and another $58,000 three years later. Assuming the employee's time value of money is 7% annually, what single payment in the first option would be equal to the total of the payments in the second option
Answer:
$78,345.28
Explanation:
Present value of amount paid later = Amount paid three years later * PV of $1
Present value of amount paid later = $58,000 * [1/(1.07)^3]
Present value of amount paid later = $58,000 * 0.816297877
Present value of amount paid later = $47345.276866
Present value of amount paid later = $47345.28
Present value of second option = $31,000 + $47,345.28
Present value of second option = $78,345.28
Which consideration must a society address when deciding for whom to produce a potentially scarce or limited
resource?
O Who can be most creative with the product?
O Who has the largest resource pool?
O Who has the greatest need?
O Who can bring in the greatest profit?
Answer:
who has the greatest need
Explanation:
A society will give consideration to those who have the greatest need for a scarce resource when producing them.
What are scarce resources?Scarce resources refers to those resouces which are in limited quantity whereas the demand for them is great.
Scarce resources must be managed effectively in order to ensure that they are not exhausted and that they get to those most in need of them.
Therefore, a society will give consideration to those who have the greatest need for a scarce resource when producing them.
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Claude holds a large number of shares of Bayou Beauty, a regional brewing company that is considered a likely takeover target by a major international brewer. It would probably be in Claude's financial interest if Bayou Beauty's owners: Group of answer choices looked for smaller brewers to acquire instead of selling to the larger brewer. resisted selling at any price. sold the company to the larger brewer. designed a poison pill to discourage a takeover.
Answer: sold the company to the larger brewer.
Explanation:
Based on the information given, it would be in Claude's financial interest if Bayou Beauty's owners sold the company to the larger brewer.
The reason for this is that the same of the company to the major international brewer will result in long term performance and dividends.
Beginning work-in-process inventory was 50% complete for direct materials and direct labor costs. Ending work-inprocess inventory was 75% complete for direct materials and direct labor costs. Direct material work-in-process inventory on January 1 was $50,000. Direct material costs added during the quarter were $720,000. What is the total value of material costs in ending work-in-process inventory using the weighted-average unit cost inventory valuation method
Answer:
WIP ending inventory= $180,000
Explanation:
First, we need to calculate the equivalent units of production for direct materials in ending inventory.
The weighted average method blends the costs and units of the previous period with the costs and units of the current period.
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production= 720,000*0.75
Equivalent units of production= $540,000
Now, work in process ending inventory:
WIP ending inventory= 720,000 - 540,000
WIP ending inventory= $180,000
11. This year, teachers can eam a $250 tax credit on money they spend in their classrooms. How will this tax credit affect the teachers' tax returns?
A. The $250 will come directly off of the amount of taxes the teachers owe.
B. The $250 will be subtracted from the teachers' gross incomes.
C.This credit will put them in higher tax brackets.
D.This credit is not big enough to make any impact on the teachers' taxes.
Answer: A. The $250 will come directly off of the amount of taxes the teachers owe.
Explanation:
When given a tax credit of a certain amount, it means that you can deduct that amount from the taxes you owe which means that the taxes you are to pay will be reduced. If you received a tax credit of $500 for instance and you owed taxes of $2,000, your taxes would become $1,500.
In this scenario therefore, with the teachers receiving a tax credit of $250, taxes that the teachers owe will be reduced by $250.
What are human rights
Schools should not be able to punish students for speech made outside of school because? please write a reasonable paragraph explaning why.
Luka, who owns a small breakfast and salad bar, has a reputation in the community as a tough manager. Many customers have heard Luka yell at his employees because he feels that workers today are lazy, lack ambition, and hate to work. Luka is a(n) ________ manager. Group of answer choices Theory Z participative contingency Theory X Theory Y
Answer: Theory X
Explanation:
A Theory X manager refuses to believe that workers can be internally motivated. They believe that workers are lazy, lack ambition and hate to work and so there is a need to continually push them to work.
This push can come in the form of punishment, rewards or prompting. Luka yells at his workers to push them to work by prompting them to. This style is generally looked down on today.
An attorney came to work on a Saturday. When he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. However, he stayed past 5 p.m. to complete a brief that had to be filed on Monday morning. At 5:15 p.m., the afternoon security guard set the locks on all the doors of the building and left. Because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. When the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. He used his cell phone to call for help, and a supervisor from the building arrived and let him out shortly thereafter. If the attorney sues the building management for false imprisonment, is he likely to win
Answer:
The attorney will most likely lose if he sues for false imprisonment
Explanation:
False imprisonment is also called unlawful imprisonment. It is the act of confining a person to an area without legal authority, justification, or consent of the person that is restrained.
In the given scenario the attorney was informed that he office will be locked by 5 am. If he was staying longer he should have informed the security.
Also the security guard did not intentionally lock him in as she was not aware he was present.
For one to be guilty of false imprisonment these three conditions should be met:
- an act that confines a person to a particular area
- intention of confining the person
- causation
These conditions were not met in this case.
what is stock exchange
Which of the following might a lender require for a construction loan? Select all that apply.
1. A car for collateral
2. A 20% down payment
3. Builder qualifications
4. Construction details
NO LINKS (I’ll get you banned if so)
2. Most lenders require a 20% minimum down payment on a construction loan.
