Macroeconomics looks at the long run economic problems while microeconomics examines the short run problems.
This statement is True.
Macroeconomics is the branch of economics that studies the performance, structure, behavior, and decision-making of the economy as a whole. For example, interest rates, taxes, and government spending are used to regulate economic growth and stability. This includes regional, national and global economies.
Macroeconomics is the branch of economics that studies the behavior and performance of the economy as a whole. It focuses on changes across the economy, including unemployment, growth, gross domestic product, and inflation.
Macroeconomic factors include inflation, fiscal policy, employment levels, national income and international trade.
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Dodge Distributors Inc. wants to forecast sales using the weighted moving average model. The sales data for the last four months are: May = 200, June = 180, July = 220, and August = 240. If the company uses three months’ sales values and weights of 0.1, 0.3, and 0.6, with the higher weight for most recent month, what is the forecast for September?
a. 200
b. 210
c. 213
d. 228
The forecast for September, given the weighted moving average model, and the three month sales values, is d. 228
How to find the forecast?When using the weighted moving average model, the forecast for September would be a weighted average of the sales values from the previous months, which in this case will be three.
The forecast for September would therefore be :
= (June sales x weight) + ( July sales x weight ) + ( August sales x weight )
= ( 180 x 0.1) + ( 220 x 0.3) + ( 240 x 0.6)
= 228 units
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Customers expect assistance from a knowledgeable staff and are not as concerned about price. EX: Williams-Sonoma. Drug stores.
Customers expect assistance from a knowledgeable staff and are not as concerned about price from specialty stores.
What are Specialty stores?
Specialty stores are retail stores that focus on selling a specific type of product or service. These stores often have a limited selection of products and offer more personalized customer service than larger chain stores. Examples of specialty stores include pet stores, hardware stores, and hobby stores.
Customers are often willing to pay a higher price for specialty stores because they know they will have access to a knowledgeable staff. Specialty stores often carry products with a higher level of complexity, making knowledgeable help essential. Customers understand that the staff at a specialty store are experts in the products they are selling and can provide invaluable assistance and advice when making a purchase. They appreciate the expertise that these stores provide and are willing to pay a higher price in exchange for it.
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d. the marketplace guiding the self-interests of market participants into promoting general economic well-being.
The term "invisible hand" describes how the market influences individual market participants' self-interests to advance overall economic well-being.
What is invisible hand?Adam Smith, a British moral philosopher, introduced the metaphor of the "invisible hand" to explain the unforeseen societal advantages and public good that result from people acting in their own self-interests. The invisible hand is the unobservable market factor that aids in a free market's natural attainment of equilibrium between supply and demand for products. Adam Smith first used the phrase "invisible hand" in his book "The Wealth of Nations." Because people's behaviour is generally predictable, the invisible hand of the market creates predictable economic systems like supply and demand. For instance, you anticipate finding eggs and milk for sale when you visit the grocery store.
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True or False: the most common approach to pay differentials is to move an employee lower in the pay structure to compensate for higher living costs
The most common approach to pay differentials is to move an employee lower in the pay structure to compensate for higher living costs. This statement is false.
Pay differentials are circumstances in which an employer is prepared to provide an employee greater compensation in order to persuade them to accept particular tasks.
Pay differentials are crucial because they might encourage workers to take on difficult-to-staff shifts like second or third shifts. Employees may be encouraged to embrace positions that require them to work in risky circumstances. Additionally, income differences may play a significant role in motivating workers to accept positions in regions with greater cost of living.
It is helpful to establish a solid baseline for each position utilizing the available employment and market data before developing pay differentials for geographic, hazard, or shift variances. It could be more difficult to implement pay differentials successfully if your organization hasn't recently conducted a thorough position-by-position market research.
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True or False: Upgrading, full-line selling, and cross-selling are sales strategies that work best with existing prospects.
True ,The finest sales techniques for existing clients are cross-selling, full-line selling, and true upgrading. Full-line selling is the practice of encouraging buyers to use a product's most recent or higher-quality iteration.
Describe the cross-selling approach.Cross-selling is the practice of persuading clients to buy a product that goes well with the items they are presently purchasing. For instance, you may sell them a keyboard to match with their new computer display if they buy one. A salesperson in a brick and mortar store has traditionally performed this task.
When would cross-selling be used?Cross-selling is a marketing and sales strategy employed throughout the consumer journey to encourage consumers to spend more by selecting an item that is complementary or connected to the current purchase. Increasing revenue per order through cross-selling is indeed a relatively low-lift strategy.
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when hadley jones wanted to buy a truck so he could get to and from his job in a nearby community, his credit rating was poor. jones found that the only place he could get a loan was from a(n) finance company.
When hadley jones wanted to buy a truck so he could get to and from his job in a nearby community, his credit rating was poor. He found that the only place he could get a loan was from a consumer finance company.
What is a Consumer Finance?It refers to an activities aiming to provide financing for the purchase of durable goods and services for the consumer purposes once practiced as a regular activity.
The number of lending institutions offering services competing with those of consumer finance companies increased steadily as new credit unions were formed. The company of consumer finance engage primarily in making personal. loans to consumers and are identified and defined by their operations.
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Mozilla expects to pay a dividend of $2 per share at the end of year 1, $3 per share at the end of year 2, and then be sold for $32 per share at the end of year 2. If the required rate of return on the stock is 15%, what is the current value of the stock? A. $28.20 B. $32.17 C. $32.00 D. $29.18
The price of the stock right now is $28.20. Stocks are considered financial assets rather than physical assets. A financial asset is a liquid asset with value derived from a licence granted or a legal entitlement to control.
What would stock actually mean?
A slang term for membership licenses for any company is "stock." A share, on the other hand, refers to the company's stock certificate. If you possess shares of a certain corporation, you are known as a shareholders.
What exactly are stocks, and what kinds are available?
A stock is an investment in a publicly traded company. The two main types of stock that are frequently issued when a firm sells shares of stock to the general public are common stock and preferred stock.
Briefing:
C1 = 2, C2 = 3+32=35
Interest rate = 15%
The present value of the cash flows C1 and C2 is:
PV = C1/(1+r) + C2/(1+r)2 = 2/(1+15%) + 35/(1+15%)2
PV = 2/1.15 + 35/1.152 = 1.73913043478261 + 26.4650283553875 = 28.2041587901701
= $28.20
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Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross return on assets is 18% and the total expense ratio is 2% of the year-end value, then the rate of return on the fund is %.Please enter your answer with TWO decimal points.
The investment has a 16.00% return on investment.
The following formula can be used to determine the bond fund rate annual return:
Net return can be calculated as
(gross return - overall expense ratio) x (1 - overall expense ratio)
Net return = (18% - 2%) x (1 - 2%)
Net return = 16.00%
Thus, the fund has a 16.00% investment return.
A mutual fund is a business that collects money from many different sources and uses it to buy securities including stocks, bonds, as well as short-term loans. Every one of a mutual fund's holdings are referred to as its portfolio. Investors buy shares of mutual funds.
A rate of return is the net gain and loss of such an investment over a specified time period expressed as a proportion of the investment's initial cost (RoR).
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which of the following would most likely decrease interest rates? which of the following would most likely decrease interest rates? consumers have increased consumption as a fraction of their disposable income businesses have become more optimistic about the return on investment spending the federal government has a budget surplus rather that a budget deficit there has been an decrease in capital inflows from other countries forecasts for future corporate profits are higher than first expected
There has been an decrease in capital inflows from other countries would most likely decrease interest rates.
How does interest rates affect a country?Interest rates can have a significant impact on a country's economy. Interest rates can affect a variety of economic factors, including:
Investment: Higher interest rates can make borrowing more expensive for businesses and individuals, which could discourage investment and lead to slower economic growth. Employment: Higher interest rates can lead to slower economic growth, which could result in job losses and higher unemployment. Conversely, lower interest rates can stimulate economic growth and lead to job creation.Inflation: Higher interest rates can help to curb inflation by making borrowing more expensive and slowing down spending. Conversely, lower interest rates can stimulate spending and lead to higher inflation.Exchange rates: Higher interest rates can make a country's currency more attractive to foreign investors, which can lead to an appreciation of the currency. Debt: Higher interest rates can make it more expensive for individuals and governments to borrow, which can lead to an increase in the burden of debt.Overall, interest rates can have significant impacts on a country's economic performance and financial stability.
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this year nilo inc granted incentive stock options (ISO) to 230 employees. for financial statement purposes, nil recorded a $179, 200 expense for the estimated value of the ISOs. as a result of this transaction, nilo has a:
Permanent unfavorable book/tax difference
Temporary favorable book/tax difference
Temporary unfavorable book/tax difference
Permanent favorable book/tax difference
As a result of this transaction, Nilo has a Temporary favorable book/tax difference. Option B.
Financial statements are written records that reflect a company's operations and financial performance. Financial statements are often audited by government agencies accountants businesses etc. to ensure accuracy and for tax financing or investment purposes.
Financial statements are formal records of the financial activities and status of a company person or other entity. Relevant financial information is presented in a structured, easy-to-understand format. A financial statement is a record of a company's financial position and activities for a specific period of time.
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lake company computes depreciation on delivery equipment at $1,000 for the month of june. the adjusting entry to record this depreciation is .
To record the adjustment entry for the delivery equipment depreciation expense, $1,000 is debited from "depreciation expense" and $1,000 is credited to "accumulated depreciation-delivery equipment."
What precisely does "depreciation cost" presume?A depreciation charge is the sum deducted from gross profit to reflect an item's decline in value as a result of its age or level of use. Depending on the type of equipment you buy and own, your business may be eligible to deduct a depreciation expense.
How are accruing depreciation amounts calculated?Accumulated depreciation is the cumulative amount of depreciation that has been applied to an asset up to a specific point. Each period's depreciation expense adds to the starting cumulative depreciation amount.
Contrary to depreciation expense, which is the amount recognized each period, cumulative depreciation is the entire amount of depreciation since the date of purchase. Because it is an asset with a credit balance, the accumulated depreciation account is viewed as a counter asset.
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34) Which of these tools allows a project team to make future projections of project status based on its current state? A) Tracking Gantt chart B) Milestone chart C) S-curve D) Earned value management
Tracking Gantt chart allows a project team to make future projections of project status based on its current state.
A project team is a group of people who are assigned to work on a specific project. The team typically includes a project manager, a business analyst, a developer, a tester, and a product owner. The team members work together to complete the project.
A project team is a group of people who are assigned to work on a specific project. The project team is responsible for completing the project within the specified timeframe and budget. The project team typically includes a project manager, a business analyst, developers etc.
Hence, the correct option is "A".
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true or false ; he balance of the Sales Returns and Allowances account is reported as a selling expense in Operating Expenses section of a multiple-step income statement.
The following statement "The balance of the Sales Returns and Allowances account is reported as a selling expense in Operating Expenses section of a multiple-step income statement" is False.
Sales are actions related to the sale or number of items sold during a certain period of time. Sales may include the provision of services in exchange for payment. When a buyer makes a purchase, takes something, makes a request, or deals directly with the seller at the point of sale, the seller or supplier of the good or service enters into a transaction.
The object is transferred to the buyer, and a price is set, causing title to pass and title to pass. A sale is usually made by the seller, not the buyer, and it will likely be completed before the buyer is obligated to pay.
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____ means providing opportunities for employees to develop the job-specific skills, experience, and knowledge they need to do their jobs or improve their performance. O Supervising O Directing O Training O Mentoring O Mediating
Supervision is a means of providing employees with opportunities to develop the job-specific skills, experience and knowledge they need to perform their jobs and improve their performance.
What does it mean to supervise employees?Supervision is a workplace activity in which a manager oversees the activities and responsibilities of employees under his leadership. This is an important job for managers at all levels of the company. Coaching, training and employee development are her one of the common tasks of a supervisor.
There are the 3 types of supervision: Administrative, clinical (also called educational) and supportive supervision.
What type training does an organization offer its employees?There are following types of training that an organization offers its employees: Technical training. Quality training. Skill training. Vocational and legal training. Team training. Manager education. Safe education. On-the-job training methods include job rotation, coaching, job instruction, or step-by-step and panel assignment training.
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maize company currently allocates overhead based on direct labor hours. it allocates overhead costs of $5,600 to two different jobs as follows: job 1: (11 hours)
Currently, the maize company assigns overhead based on the number of hours of direct labor. It assigns $5,600 in administrative expenses.
How is direct labor estimated as a unit of time?The total direct labor costs for a given time period are divided by the number of hours performed during that time period to determine the per-hour direct labor cost.
What does "direct labor" mean?Direct labor, often known as "productive labor," refers to the employees who handle and manipulate the various materials directly, either manually or with the aid of equipment.
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the sales-volume variance is sometimes due to . question 15 options: unexpected increase in manufacturing labor time unexpected increase in the use of quantities of inputs of raw material quality problems leading to customer dissatisfaction the difference between selling price and budgeted selling price
The discrepancy between the conventional fixed cost per unit and the actual price per unit
Give an explanation of variable costs and an illustration.Variable costs are prices that change according to volume. Raw materials, piece-rate labor, production supplies, commission, delivery costs, packaging equipment, and credit card fees are examples of variable costs. The term "Cost of Goods Sold" is occasionally used in accounting statements to refer to variable manufacturing expenses.
What exactly are variable and fixed costs?Definition. When a corporation produces more or fewer things, its fixed costs remain constant. This is what is meant by the term "fixed cost." A cost that will vary according to changes in production levels is known to as a variable cost.
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T/F. The primary participants in corporate governance, according to Monks and Minow, are all the stakeholders, board of directors, and employees.
The primary participants in corporate governance, according to Monks and Minow, are all the stakeholders, the board of directors, and employees. This statement is True.
What is the meaning of Corporate Governance?Corporate governance is the process of managing and directing businesses. The governance of companies is the responsibility of the boards of directors. The shareholders' responsibility in corporate governance is to select the directors and auditors, as well as to ensure that a suitable governance framework is in place.
Depending mostly on the writer's objectives, corporate governance can be defined, described, or characterized in a variety of ways. Writers who are interested in a certain discipline or area frequently utilize limited definitions that seem purpose-specific.
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The governance of their companies is the responsibility of their boards of directors. Hence the staement is False .
What is corporate governance ?Following the recent dramatic series of corporate meltdowns: Enron, Tyco, Adelphia, and WorldCom, a timely new edition of this successful text provides students and business professionals with a welcome update on the key issues confronting managers, boards of directors, investors, and shareholders.
The governance of their companies is the responsibility of their boards of directors. The role of shareholders in governance is to appoint directors and auditors and to ensure that an appropriate governance structure is in place.
The board's responsibilities include setting the company's strategic goals, providing the leadership to put them into action, supervising business management, and reporting to shareholders on their stewardship.
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• Vitamins B and C are found in two different foods F1 and F2. One unit of food F1 contains 2 units of B and 3 units of vitamin C. one unit of food F2 contains 4 units of B and 2 units of vitamin C. one unit of food F1 and F2 costs $3 and $2.5 respectively. • The minimum daily requirement (for a person) of vitamin B and C is 40 and 50 units respectively. Assuming that anything in excess of daily minimum requirement of vitamin B and C is not harmful. ● Find out the optional mixture of food F1 and F2at the minimum cost which meets the daily minimum requirement of vitamins B and C. Formulate this as a linear programing problem.
Using linear programming, the optional mixture at minimum cost is x,y ≥ 0
What is Optional Mixture at Minimum CostOptional mixture at minimum cost is a process of combining a variety of materials, such as concrete, sand, gravel, and other aggregates, in order to create a mixture that is more cost-effective than buying the individual components separately. This type of mixture can be used in construction projects, road paving, and landscaping projects in order to save money.
Solving this mathematically with linear programming;
Let x be the number of units of food F1 and y be the number of units of food F2.
Minimize cost: z = 3x+2.5y
Subject to:
2x + 4y ≥ 40 (minimum requirement of vitamin B)
3x + 2y ≥ 50 (minimum requirement of vitamin C)
x,y ≥ 0 (non-negative constraint)
The linear programing problem is:
Minimize z = 3x+2.5y
Subject to:
2x + 4y ≥ 40
3x + 2y ≥ 50
x,y ≥ 0
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Suppose the mark-up of goods prices over marginal cost is 8% and that the wage-setting equation is W = P(1 – 2u), where u is the unemployment rate.
(a) Based on the medium-run analysis of the labor market model in Chapter 7, what the natural rate of unemployment? Illustrate the equilibrium with a diagrammatical sketch showing the price-setting and wage-setting curves.
(b) Suppose the mark-up increases to m=10%? How will this affect the medium-run equilibrium? Indicate the new equilibrium in your diagrammatic sketch.
The rate of unemployment that is compatible with a constant inflation rate is simply defined as the natural rate of unemployment.
Explain about the natural rate of unemployment?The rate of unemployment that is consistent with a constant inflation rate is referred to as the "natural rate of unemployment." The rate of unemployment that would exist if cyclical swings didn't exist is consequently the natural rate.
Economic theory that holds that, over the long run, the market will decide a typical rate of employment, which the government can only raise by inducing a high rate of inflation.
The supply side of the economy, which includes production potential and economic institutions, largely determines the natural unemployment rate. Involuntary unemployment may be a part of the natural rate of unemployment if these institutional traits include persistent labor market mismatches or real pay rigidities.
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consider an investment with an initial cost of $20,000 and the following expected cash flows: year cash flow 0 -$20,000 1 $ 4,000 2 $ 5,000 3 $ 5,000 4 $ 6,000 5 $ 6,000 6 $ 7,000
An investment with an initial cost of $20,000 expects cash flow of $5000.
What is cash flows?
The net amount of cash and cash equivalents coming into and going out of a business is referred to as cash flow. Money spent and money received reflect inflows and outflows, respectively. The phrase "cash flow" is typically used to describe payments that are anticipated to occur in the future, but afterwards unclear, and as a result need to be projected with cash flows. A cash flow in its restricted sense is a payment (in a currency), notably from one central bank account to another. However, it is common to use the term "cash flow" in a broader meaning to describe (symbolic) payments into or out of a company, project, or financial product.
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a collateralized mortgage obligation (cmo): question 15 options: promises to pay investors if the market prices of a bond falls below a certain level. are backed by mortgages and other asset-backed debt such as car loans. promises payments similar to corporate bonds. rearranges cash flows from the underlying mortgage pool into several different tranches with different maturities and yields.
Without having to purchase or sell a mortgage, interested investors can profit financially from the mortgage sector through collateralized mortgage obligations and mortgage-backed securities. Mortgage debt with collateral.
These mortgage-backed securities establish various pass-through rate pools for various "tranches" levels with various maturities. There are investors A, B, and C because of how it is set up. The A investors will get all profit financially first. a collection of mortgage pass-through securities or mortgage loans that support a multi-class bond. Similar to pass-through securities, CMOs are securities made from pools of mortgages. Using your house as collateral, a collateral mortgage enables you to borrow from your lender an amount greater than your needed mortgage amount.
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a nation has a comparative advantage when: i. it produces the good at a lower opportunity cost than another nation. ii. it produces the good using fewer resources than the other nation. iii. it produces the good more efficiently than another nation.
Oil-producing nations are relatively more favored in the synthetic drug market. In contrast, their domestically delivered oil provides a meager source of raw materials for the synthetic compounds.
In science, what are substances?In its natural condition or as the end product of a production process, a substance is a radioactive isotope and its compounds. Typically, a chemical reaction is required to create a substance in a manufacturing process.
What are examples and substance?A substance is defined as matter with a certain composition and particular qualities. Everything that is pure is a substance. A substance is every pure compound. Several chemicals are: Since iron is an element, it qualifies as a material. Methane is a substance since it is a compound.
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During the selection procedure, an applicant may be rejected: after the preliminary interview. after completing the application blank. after selection test results are received
at any step in the procedure.
During the selection procedure, an applicant may be rejected at any step in the procedure. The selection process aims to gather pertinent information about applicants.
This data is protected in a variety of ways or phases. Determining whether an applicant satisfies the requirements for a particular position and selecting the applicant most likely to perform well in that job are the goals of the selection process.
The hiring procedure is drawn out and starts with a preliminary interview with applicants and ends with the employment contract (sometimes). There are several steps in the choosing process. Prior to moving on to the next level, the candidate must successfully complete the previous one. An applicant must overcome a succession of increasing obstacles during the selection process.
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MPC - If a $1,000 increase in income leads to an $800 increase in consumption expenditures, then the marginal propensity to consume is
A. 0.8 and the multiplier is 8.
B. 0.2 and the multiplier is 1.25.
C. 0.8 and the multiplier is 5.
D. 0.2 and the multiplier is 1.25.
If a $1,000 increase in income leads to an $800 increase in consumption expenditures, then the marginal propensity to consume is C. 0.8 and the multiplier is 5.
What is the marginal propensity to consume ?The marginal propensity to consume (MPC) measures how responsive consumption is to unitized changes in income levels in a particular economy.
The percentage of a consumer's overall salary increase that they choose to spend on purchasing goods and services as opposed to saving is known as the marginal propensity to consume (MPC). Depending on income, MPC fluctuates. MPC tends to be lower at higher income levels.
The Marginal propensity to consume can be found by the formula:
= Change in consumption expenditure / Change in income
= 800 / 1, 000
= 0. 80
The Multiplier is :
= 1 / ( 1 - MPC)
= 1 / ( 1 - 0.8 )
= 1 / 0.2
= 5
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Refer to the demand and supply diagram that relates to the health care market. If suppliers provide the quantity of health care demanded and insurance pays one-half of the equilibrium price of the health care good or service depicted, the immediate price to the consumer and the quantity of health care consumed would be:
A. P1 and Q1.
B. P1 and Q2.
C. P2 and Q2.
D. P2 and Q1.
The health care good or service depicted, the immediate price to the consumer and the quantity of health care consumed would be P1 and Q2.
What is mean by demand and supply ?Businesses can establish the best pricing for an item or service in a market that is competitive by using a supply and demand diagram. It depicts the link between product demand, product availability, and the price range where producers, sellers, and customers are content.Under normal circumstances, sellers are eager to supply more and reduce demand as the price rises. When prices drop, sellers increase demand while decreasing supply. The laws of supply and demand are the cornerstones of the theory of demand and supply. The two rules combine to determine the number of goods in a market as well as the actual market price.To learn more about demand and supply refer to:
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An economist estimated the cross-price elasticity for peanut butter and jelly to be +1.5. Based on this information, we know the goods areinferior goods. complements. inelastic. substitutes.
An economist estimated the cross-price elasticity for peanut butter and jelly to be +1.5. Based on this information, we know the goods are substitutes.
Price elasticity of demand measures how much a product's consumption changes in response to price changes. Price elasticity is a tool used by economists to analyse how supply and demand for a product fluctuate in response to price changes.
Supply has an elasticity, or price elasticity of supply, much like demand. Price elasticity of supply is the correlation between price change and supply change. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered. The two elasticities work together to define what products are produced and at what costs. The pricing of some items are particularly inelastic, according to economists.
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Alo Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Alo expects to sell 90,000 regular models and 36,000 deluxe models. A segmented income statement for the two products is as follows:Regular Model Deluxe Model Total Sales $13,500,000 $10,800,000 $24,300,000 Less: Variable costs 9,450,000 6,480,000 15,930,000 Contribution margin $ 4,050,000 $ 4,320,000 $ 8,370,000 Less: Direct fixed costs 1,200,000 960,000 2,160,000 Segment margin $ 2,850,000 $ 3,360,000 $ 6,210,000 Less: Common fixed costs 1,280,000 Operating income $ 4,930,000Required:
Compute the number of regular models and deluxe models that must be sold to break even.
Using information only from the total column of the income statement, compute the sales revenue that must be generated for the company to break even. (Round the contribution margin ratio to four significant digits and the sales revenue to the nearest dollar.)
Because laser printers don't dry out like ink do, many individuals found that their replacement costs were lower.
The meaning of "company "Due to the desire of its employees to add value, a company is the term used to characterize a business. Latin roots can be seen in the term "generate," which means to lead forth or bring forth. The term "business," that is a term for "compaignie" or "companionship," originally appeared in Old French. The word "business" also comes from Old English, where busy and -ness are combined.
What are the types of companies?A company is a legal person or an officially recognized commercial entity that has been registered under the Corporations Act. The type of corporation might be limited or limitless, either private or public, limited by guarantees or having a shareholding, or a
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The reason thriving teams rely on awareness is not to outperform other teams or each other, but to become ________ each other.
credible to
competitive with
committed to
friendly with
indispensable to
The most important components of both individual and organizational thriving are Thriving Teams. Teams that are thriving produce important outcomes such as wellbeing, vitality,
performance, and learning and development. Thriving Teams need to adopt a holistic and systemic strategy rather than a silo-based approach to create an environment where all the results that matter can co-emerge and co-influence one another, eventually fostering the success of thriving individuals, teams, and organizations. The Thriving Teams InstituteTM offers evidence-based and doable strategies for building Thriving Teams. You can create teams that are "Always Ready" for the difficulties facing your team now and in the future with the help of our system-based, holistic, and design-based approaches.
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rather than having employees perform only one step of the product packaging process, management let each packaging employee package an entire product to reduce boredom from repetitively doing a single task.
Job Enlargement packaging employee package an entire product to reduce boredom from repetitively doing a single task. The term "job enlargement".
Refers to expanding the scope of a job's responsibilities while generally keeping the same level and boundaries. Job expansion entails combining several organizationally equivalent tasks and adding them to the existing job. Job expansion is defined as adding new duties to an existing role that are on the single task. This implies that a person's current profession will require them to perform more and diverse tasks. For instance, a worker who will now handle her own plans instead of having her manager do it.
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TRUE/FALSE. the master production schedule is a detailed schedule that indicates the quantity of each item to be produced, the planned delivery dates for those items, and the time by which each step of the production process must be completed to meet those delivery dates.
True. The master production schedule is a detailed schedule that indicates the quantity of each item to be produced, the planned delivery dates for those items, and the time by which each step of the production process must be completed to meet those delivery dates.
What is the master production schedule?The goods a company will create, when they will be produced, and in what quantities are specified in a master production schedule (MPS). An MPS connects production capacity and demand in the market. The goal of master production scheduling is to develop a practical strategy that reduces overstock and increases on-time delivery.
A master production schedule (MPS) is a plan for how specific commodities, such production, staffing, inventory, etc., will be generated during each time period. Typically, it has to do with production, where the plan specifies when and how much of each product will be needed.
These situations make advantage of this: Multiple floats and a safety stock are entered to ensure good material supply, which inexorably results in huge stock levels.
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