The total of all indirect costs incurred during the manufacturing of a product is known as manufacturing overhead (MOH) cost. Along with the expenses of direct materials and direct labor, it is included in the price of the finished product. The depreciation of equipment, wages paid to factory workers, and electricity used to operate the equipment are typically included in manufacturing overhead costs.
A manufacturer's balance sheet, cost of products income statement, and cost of finished goods in inventory should all reflect production overhead in accordance with generally accepted accounting principles (GAAP).
In order to predict the monthly demand for its product, a producer of printed circuit boards utilizes exponential smoothing with trend. The corporation wants to anticipate sales for January at the end of December. 200 extra boards were estimated to have been sold each month through the month of November. Around 1000 copies have been sold monthly on average. In December, there was a need for 1100 units. The business makes use of = 0.20 and = 0.10. Make a forecast for January that includes trends.
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which investment has increased in value more, and by how much? a. the value of drew’s bonds has increased by $4.83 more than the value of his stocks. b. the value of drew’s bonds has increased by $9.87 more than the value of his stocks. c. the value of drew’s stocks has increased by $11.64 more than the value of his bonds. d. the value of drew’s stocks has increased by $34.92 more than the value of his bonds.
The investment has increased in value more is D. the value of drew’s stocks has increased by $34.92 more than the value of his bonds.
What is investment?An investment can simply be defined as the action of investing a certain amount of money or asset in order to get a return.
From the information given, the the value of drew’s bonds has increased by $4.83 more than the value of his stocks. This was the first investment.
The value of drew’s bonds has increased by $9.87 more than the value of his stocks. This was the second investment.
The value of drew’s stocks has increased by $11.64 more than the value of his bonds. This was the third investment.
The value of drew’s stocks has increased by $34.92 more than the value of his bonds. This was the fourth investment.
Therefore, the investment has increased in value more is the value of drew’s stocks has increased by $34.92 more than the value of his bonds. In conclusion, the correct option is D.
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is a key activity performed by operations managers that involves deciding the best way to assign people to work tasks and responsibilities.
C. Job design is a key activity performed by operations managers that involves deciding the best way to assign people to work tasks and responsibilities.
What is job design?Job design is a complex process of determining the task and responsibility requirements of each job based on the skills and competencies of employees.
The purpose of job design is to encourage and achieve organizational efficiency and effectiveness in the performance of job tasks and responsibilities.
The strategies that operation managers (job designers) employ include:
Job enrichmentJob enlargementJob rotationJob simplification.Thus, through job designs, operation managers decide the best way to assign people to work tasks and responsibilities.
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Question Completion with Answer Options:A. Forecasting
B. Process design
C. Job design
D. Reengineering
polska, incorporated, is obligated to pay its creditors $9,350 during the year. what is the value of the shareholders’ equity if assets equal $11,200? what is the value of the shareholders’ equity if assets equal $8,800?
Stockholder's equity when assets is $11,200 is $1,850
Stockholder's equity when assets is $8,800 is $-550
What is shareholders' equity?Shareholders' equity is the difference between the assets and liabilities of a firm.
According to the accounting equation: Stockholder's equity = assets - liabilities.
Stockholder's equity when assets is $11,200:
11,200 - 9,350 = $1,850
Stockholder's equity when assets is $8,800:
$8,800 - $9,350 = $-550
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on a traditional income statement, cost of goods sold reports the costs attached to merchandise sold during the period, while selling and administrative expenses report all costs that have been expensed as incurred. (enter only one word per blank.) statement, cost of goods sold reports the costs attached to merchandise sold during the period, while selling and administrative expenses report all period costs that have been expensed as incurred
On a traditional income statement, cost of goods sold reports the product costs attached to merchandise sold during the period, while selling and administrative expenses report all period costs that have been expensed as incurred.
What is an income statement?An income statement can be defined as a financial document which is typically used by an entrepreneur or business firm to record the amount of money (revenues) that are entering into a business.
What are product costs?Product costs is also referred to as inventoriable costs and they can be defined as the financial value (money) that are attached to units of product as they are being produced or sold (purchased) for resale.
On a traditional income statement, the product costs attached to merchandise sold during the period are reported by cost of goods sold while period costs that have been expensed as incurred are reported by selling and administrative expenses.
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entrepreneurial leaders use methods that help them pursue creative ideas even when they lack authority or necessary resources. those who might pursue creative ideas who do have authority and necessary resources would typically be characterized as
Radio button unchecked investors radio button unchecked stakeholders radio button unchecked designers radio button unchecked employees radio button unchecked managers submit Check the Invoicing box and choose the Custom radio button.
What is Invoicing box?
Receipts are scanned by a company called Invoice Box, which then extracts the data and sends it to your accounting programme.If you pay with a credit card, receipts are automatically forwarded to the "Bill To" address we have on file. If you prefer to pay differently, we'll email your invoice to you before the due date set in your contract. More details on how to view your invoices may be found here.Credit cards are the most often used payment option for online bills. The majority of stores accept all major credit cards, but you should double-check before going because some don't because American Express and Discover have higher transaction costs.To know more about Invoicing box visit:
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the various elements of the outsourcing process such as rfp, evaluation, contract award, and exit strategies.
Outsourcing is the procedure of assigning an enterprise's business processes to an outside company in lieu of improving carrier first-class, driving innovation, or deriving blessings of lower labor fees.
Outsourcing saves time and money and allows one to avoid risk. The promised blessings of outsourced protection can be very attractive to businesses. The capacity to increase community safety without hiring more human beings and spending extra cash is one of the motives outsourcing is turning into extra popular.
The primary argument for outsourcing is economic as a company can get the security information it needs at a smaller cost by using hiring a person else to provide it. One of the essential difficulties in deciding to outsource is who to get to do the be just right for you, the capacity risks of outsourcing may be vast. Tales of controlled safety agencies going out of commercial enterprise, and bad studies with outsourcing other areas of IT, display that deciding on the incorrect outsourcer can be a pricey mistake.
Whilst deciding to outsource the risk tiers of capability vendors should be identified "Key statistics safety considerations that need to be tracked as part of this level encompass: data safety guidelines, Audit outcomes and methods, requirements and Certifications, Technical Controls, safety architecture, neighborhood Regulatory Compliance necessities, and law Enforcement Practices" (A CISO’s manual to safety Outsourcing (2009))
RFPs: The RFP report is one of the maximum crucial files inside the seller choice process. The RFP defines the work to be finished and the additional conditions to be met so one can win a contract.
Evaluation: An outsourcing evaluation ought to observe a disciplined, managerial technique from making plans via negotiation and implementation, to ongoing control of the connection
Contract award: The criminal basis of any outsourcing settlement is of the path of the contract. This determines the legal parameters of the carrier and the responsibilities of each birthday celebration
Exit strategies: Its miles critical to plan your exit approach before you purchase. It’s critical to plot the way you’ll get out of an outsourcing settlement should the want rise up. An exit strategy would be essential if outsourcing the implementation of a records security blueprint due to the fact you may no longer just like the blueprint and through having an exit strategy you are not stuck with it.
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the ""management discussion and analysis"" section of an annual report includes all of the following except: a forecast of future earnings per share. the impact of restructuring charges. a discussion of sales trends.
the ""management discussion and analysis"" section of an annual report includes all of the following except: a forecast of future earnings per share.
"Management discussion and analysis"
Management discussion and analysis (MD&A) is a component of an annual report or quarterly filing in which executives evaluate the company's performance. A discussion of compliance, risks, and future plans, such as goals and new initiatives, might also be included in this part.
The MD&A section is not audited and expresses management's ideas and opinions.
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In terms of big data, what includes the uncertainty of data, including biases, noise, and abnormalities?.
In terms of huge facts, what includes the uncertainty of data, inclusive of biases, noise, and abnormalities Veracity includes the uncertainty of facts, which include biases, noise, and abnormalities.
Data is defined as facts or figures, or information this is saved in or used by a pc. An instance of statistics is data accumulated for a studies paper. An instance of statistics is electronic mail. Data allows groups to more successfully determine the cause of troubles. the information lets companies visualize relationships among what is taking place in extraordinary places, departments, and systems.
Data is information that has been translated into a shape that is efficient for movement or processing. Relative to cutting-edge computer systems and transmission media, data is data transformed into binary digital shapes. it's miles suited for information to be used as a novel concern or a plural concern.
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corpco. which uses units of production depreciation, installs a water purifier for $15,000 that it expects to purify 64,000 gallons of water, at which point it will have a residual value of $3,000. when corpco computes the depreciation rate under the uop method, total depreciation to be recorded over the purifiers useful life is:
$ 552 Rounded
UOP Method
Depreciation rate =( Cost - Salvage Value ) / Units
= ( 15,000-3000) / 64,000 = 0.1875 Per unit
Depreciation for the year = 2,943*0.1875 = 551.8125 = 552 ( Rounded )
What is the Depreciation Rate?The depreciation rate is the proportion at which an asset depreciates during its anticipated useful life. It may also be described as the portion of an organization's long-term investment in an asset that the organization claims as a tax-deductible expense over the course of the asset's useful life. For each class of assets, it differs.
The straight-line approach of depreciation is the most used. The formula is used to determine this rate:
Depreciation Rate per year: 1/useful life of the asset
Depreciation Value per year = (Cost of Asset – Salvage value of Asset)/ Depreciation Rate per Year
Asset price: It is the asset's initial book value. It includes any taxes or shipping costs that were paid for the asset.
The asset's useful life is: The amount of time an asset can be used effectively is referred to as its useful life. The asset is assessed to be cost-ineffective after its useful life or unfit for use. The useful life of a few assets, including computers, real estate, and other items, is determined by the relevant revenue authority. Computers, for instance, lose value over five years whereas cars lose value over eight.
Salvage Value: The price at which a corporation may sell an asset after it has reached the end of its useful life. It also goes by the name "junk value"
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steak is a normal good. if students' incomes at your college decrease, the effect on steak consumption will be:
If students' incomes decrease, there would be a decrease in the consumption of steak.
What is the effect of a decrease in income?Normal goods are goods that are goods whose demand increases when income increases and falls when income falls. Normal goods have a positive relationship with the income of the consumer.
When income decreases, there would be a decline in disposable income available to purchase steak, as a result the consumption of steak would decline. If income increases, there would an increase in disposable income available to purchase steak, as a result the consumption of steak would increase.
Normal goods contrast with inferior goods. Inferior goods are goods whose demand decreases when there is an increase in income and whose demand increases when there is a decrease in income.
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a decision tree arranges decision alternatives and states of nature in their natural chronological order.
yes, it is true.
Decision Tree: What Does It Mean?
A decision tree is a visual representation of data in the form of a flowchart that resembles an upside-down tree. In this illustration, the tree's root represents a necessary decision, its branches represent possible acts, and its leaves represent possible decision results.
To determine the expected consequences of particular alternatives, a decision tree is used to divide a big dataset into subsets that contain instances with comparable values.
In supervised learning (SL) regression and classification algorithms, decision trees are used to predict the class or value of target variables.
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true or false: purchasing power parity is useful when a company is determining whether a particular country might be an attractive market for consumer goods.
As stated, "purchasing power parity is useful when a company is assessing whether a specific nation might be a attractive market for consumer goods." True.
A attractive market is one that:Market attractiveness refers to the different possibilities for profitability that any business or organization can achieve in a cutthroat industry. Prior to making any investments, one must thoroughly understand the market and the opportunities it presents. The attractiveness of the market is influenced by numerous factors.
What kind of market is attractive market?The capabilities and product offerings of a company and the needs of the market are well matched by an appealing market segment. Offering customers in the segment greater value is how businesses with a good fit succeed. Only a select few industries may be the best fit for small businesses.
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an investment property generates a cash flow of $40,000. the owner has $360,000 equity in the property. what is the owner’s return on equity?
The owner’s return on equity is 0.111
$40,000 ÷ $360,000 = 0.111 = 11%
In finance, equity is the possession of property that could have money owed or other liabilities attached to them. equity is measured for accounting functions by using subtracting liabilities from the fee of the property.
Equity is described as “the state, first-rate or ideal of being simple, impartial and truthful.” The idea of fairness is synonymous with fairness and justice. it's far helpful to consider fairness as now not genuinely a preferred situation or a lofty value.
Equity may be calculated through subtracting liabilities from property and may be carried out to an unmarried asset, along with actual property, or to a business. as an instance, if someone owns a house worth $400,000 and owes $three hundred,000 on the loan, the difference of $a hundred,000 is fairness.
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which is the best option for someone who wants to improve his or her credit and pay less interest on the debt?
Buy from a reputable website is the best option for someone who wants to improve his or her credit and pay less interest on the debt.
Great content, regular updates, intuitive design, user-friendliness, and, ideally, a high visitor-to-customer conversion rate are all characteristics of an excellent reputable website. However, since they lack the necessary skills, many firms find it difficult to create and maintain an effective website.
The products come from well-known, blue-chip pharmaceutical companies. Hotel Receptionist A highly reputable company on the outskirts of Exeter needs a Hotel Receptionist. They have a very renowned service and a very well-established business.
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employee benefit planning involves selecting, coordinating, and managing employer-provided compensation that the form of cash payments, such as wages, salaries, and commissions.
Employee benefit planning involves selecting, coordinating, and managing employer-provided compensation that does not take the form of cash payments, such as wages, salaries, and commissions.
What are Employee Benefits?Employee benefits refers to the benefits employees derive from their workplace which does not come in form of money. These benefits serve specific purposes that helps the employees to better perform their job duties.
Such benefits includes take-home vehicles, hotel stays, free refreshments, leisure activities on work time (golf, etc.), stationery, allowances for lunch etc.
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choose a u.s.-based fortune 500 company to analyze; submit the name to be approved by the instructor. each student will analyze a unique company (no two students may choose the same company). be sure to verify that your chosen firm has issued bonds that are outstanding because the project involves using bond data (can use morningstar.com to verify that bond data on firm is available).
The firm has issued Bonds that are outstanding because the project involves using bond data.
Fortune 500 Companies: A ranking of the 500 largest US firms, ordered by total revenues for each fiscal year, is known as the Fortune 500.
The US Based fortune 500 company that can be selected for analysis and which has issued Outstanding Bonds is Microsoft Corporation.
Outstanding Bonds: These are those bonds that have been already issued but have not yet matured or redeemed.
The face value of the bond is multiplied by the coupon interest rate, and that result is then multiplied by the number of years corresponding to the bond's term to determine the total interest paid.
A loan secures money from a lender, such as a bank or particular organization. Bonds, on the other hand, are purchased by the public when businesses sell them. In either scenario, the business is normally required to pay back the borrowed funds at a certain interest rate. Bonds often have lower interest rates than loans, to begin with.
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department of education subscription page and signing up to receive federal student loan borrower updates.
Federal direct student loans are the most suitable option for students who need to borrow money to spend for college. Unlike private student loans, federal direct student loans don't need a credit history or a co-signer. They also show borrowers more repayment options and protections to control default.
What is the risk of the federal student loan?Unfortunately, student loan capital won't be yours forever, and the lending institution will usually be expecting repayment. The student loan will be an expense to spend as well as any regular bills until the loan is paid for. If you skip a payment, your credit score may get more destructive.
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Which type of economy is usually centered mainly on meeting people’s basic needs?.
The market economy of the economy is usually centered mainly on meeting people’s basic needs.
There are three main types of economies: free market, command economy, and mixed economy. The chart below compares a free market economy and a planned economy. A mixed economy is a combination of both. Individuals and businesses make their own financial decisions.
Capitalism is often seen as an economy system in which private actors own and manage the property according to their own interests, with demand and supply freely setting prices in the market to serve the best interests of society. . An essential feature of capitalism is the motive for making profits.
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Danny is experimenting with cashless dining at four locations. If he utilizes the results of this experiment in deciding whether to proceed with this new policy at all his locations, he would be utilizing.
Should Danny use the results of his experiments with cashless dining in four locations for all his locations, he would be utilizing A. Evidence-based management.
What is evidence-based management?Evidence-based management refers to using tried and tested methods when making managerial decisions.
If Danny was able to use the results of the experiment on cashless dining to other locations, this is a management decision that he would take based on the evidence of success he got from other locations.
Options for this question include:
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mlo applicants give permission for a credit report to be pulled so the nmls can evaluate whether the applicant demonstrates .
MLO applicants authorize the NMLS to get a credit report in order to determine if the applicant displays financial responsibility.
What is credit report?Credit report, refers to the report that gives detail credit history of the individual. It is an overview of credit account management, in which Prospective lenders and creditors use credit reports to assist them determine whether to extend credit or not.
The NMLS credit report authorization procedure must be completed by every state-licensed residential mortgage originator. MLO applicants authorize the NMLS to get a credit record in order to establish financial responsibility.
Therefore, it can be concluded that financial responsibility is the correct option for the given blank.
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drag the tiles to the correct boxes to complete the pairs. compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit revolving credit consumers use a prearranged loan using special checks consumers use cards with no interest and non -revolving balances consumers pay off debt and credit is automatically renewed consumers take out a loan with a repayment date and have a specific purpose
Travel and Entertainment Credit - Consumers use cards with no interest and non-revolving balance. Revolving Check Credit - Consumers use prearranged loan using special checks.Closed-End Credit - Consumers pay off dept and credit is automatically renewed.Revolving Credit - Consumers take out a loan with a repayment date and have a specific purpose.What is meant by Consumer Credit?
Consumer credit refers to debt incurred by an individual to pay for products and services. An example of consumer credit is a credit card.
Consumer credit might refer to any sort of personal loan, although it is more frequently used to denote unsecured debt that is incurred to pay for regular products and services. Consumer debt can, however, also refer to secured loans like mortgages and auto loans.
Installment credit is given for a predetermined time period and is utilized for a specified purpose.
Open-ended revolving credit is a type of loan that can be applied to any kind of transaction.
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(2) fred is thinking of starting a bowling alley near a college campus. fred is an expected utility maximizer with utility function: u(w)
The smallest value of X that would be sufficient to make Fred want to invest in the bowling alley rather than have a wealth of $12,000 with certainty is $14,250.
What is wealth?Wealth refers to the monetary value or the assets that a person has during his lifespan. It is in the physical form and can be used for doing the transactions.
The calculation of the following equation to determine how much money will tempt Fred to take a risk and invest in this new venture is done as follows:-
= current wealth - (% chance of losing money x wealth after losing money)
=$12,000 - (20% x $3,000)
= $12,000 - $600
= $11,400
smallest value of X = $11,400 / 80% of getting wealthier
= $14,250
Therefore, it can be concluded that $14,250 is the value of x.
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Your question is incomplete, but most probably the full question was….
U(W) = 1 – (3000/W), where W is his wealth. Fred’s total wealth is $12,000. With probability 0.2 the alley will be a failure, and he’ll lose $9,000, so that his wealth will be just $3,000. With probability 0.8 it will succeed, and his wealth will grow to $X. What is the smallest value of X that would be sufficient to make Fred want to invest in the bowling alley rather than have a wealth of $12,000 with certainty?
fill in the blank question. is a kind of problem solving that involves managing taxing circumstances, expending effort to solve life's problems, and seeking to master or reduce stress.
Coping is a type of problem-solving that entails handling trying situations, making an effort to deal with challenges in life, and attempting to control or lessen stress.
Coping is described as the ideas and actions used to control stressful conditions both internally and externally. It is a phrase used specifically to describe the mobilization of voluntary and conscious behaviors, as opposed to "defense mechanisms," which are adaptive subconscious or unconscious responses that both work to decrease or tolerate stress. Coping styles, which are a collection of largely consistent features that influence an individual's behavior in reaction to stress, are the various ways in which people choose to respond to stressors.
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a school fundraiser sells 1,200 raffle tickets. each ticket costs $2. there is one grand prize worth $100 and 5 smaller prizes worth $20 each. what is the expected gain or loss for buying 1 ticket?
The expected gain or loss for buying 1 ticket is -$1.83
What is the average price per ticket?
The average price per ticket is the sum of the prizes paid divided by the number of tickets sold for the school fundraiser, in other words, the average price ticket is the prize of $100 plus the total of 5 smaller prizes, divided by 1200 raffle tickets.
average price per ticket=($100+(5*$20)/1200
average price per ticket=$0.17
the cost per ticket=$2.00
The expected gain or loss for buying 1 ticket=$0.17-$2.00
The expected gain or loss for buying 1 ticket=-$1.83
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Answer:
1.83
Explanation:
the weighted moving average forecasting technique tends to do a good job tracking trend in demand. group of answer choices true false
The weighted moving average forecasting method typically does a decent job of detecting demand trends. This would be an False assertion
What does the term "forecasting technique" mean? What are the two primary forecasting techniques? What purpose does forecasting fulfil?By using historical data as inputs, forecasting produces accurate projections of the future course of trends. There are two different categories of forecasting methods: qualitative and quantitative. Since each type has a varied set of applications, pick the one that will enable you to achieve your objectives. Knowing all your options will help you decide which strategy will produce the information that will be most helpful to your business. Forecasting helps businesses create data-driven plans and also reach informed conclusions.
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prepare a balance sheet for alaskan peach corporation as of december 31, 2022, based on the following information: cash = $205,000; patents and copyrights = $859,000; accounts payable = $284,000; accounts receivable = $265,000; tangible net fixed assets = $5,220,000; inventory = $550,000; notes payable = $177,000; accumulated retained earnings = $4,706,000; long-term debt = $1,130,000.
The balance sheet for alaskan peach corporation as of december 31, is: Asset $7,099,000, Liabilities $7,099,000.
Balance sheetBalance Sheet for alaskan peach corporation as of december 31,
Assets
Cash $205,000
Accounts receivable $265,000
Inventory $550,000
Current assets $1,020,000
Tangible net fixed assets $5,220,000
Intangible net fixed assets (patents and copyrights) $859,000
Total assets $7,099,000
Liabilities
Accounts payable $284,000
Notes payable $177,000
Current liabilities $461,000
Long-term debt $1,130,000
Total liabilities $2,052,000
Common stock $341,000
Accumulated retained earnings $4,706,000
Total liabilities & owners' equity $7,099,000
Therefore the balance sheet for alaskan peach corporation as of december 31, is: Asset $7,099,000, Liabilities $7,099,000.
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identify central ideas according to the circular flow model of a market economy, firms buy factors of production from households, then
Out of the choices provided, it can be said that according to the circular flow model of a market economy, firms buy factors of production from households, then use these factors to produce goods and services. Therefore, the option A holds true.
What is the significance of the factors of production?The factors of production can be referred to or considered as the factors that are helpful in the enabling the conduct of regular course of business activities. These factors are helpful in production and manufacturing of the goods or services sold by the producer.
Therefore, the option A holds true and states regarding the significance of the use of factors of production.
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The choices to the incomplete question have been added below for better reference.
According to the circular flow model of a market economy, firms buy factors of production from households, then
A. use these factors to produce goods and services.
B. sell factors of production to households.
C. sell free markets to households.
D. use these factors to eliminate competition.
one of the most common errors new foodservice operators experience is pricing their food too low, thinking that they can undercut competitors. explain why this is a poor strategy for success
The poor strategy for success are:
If a product is priced too low.the low quality of the productBuilding a customer base of devoted followers is challenging in light of this.Briefing:If a product is priced too low, the manufacturer might not be able to continue producing it because, in reality, they need to make enough money to cover both their living expenses and the cost of the raw materials they used.
In this manner, attempting to undercut rivals may result in financial loss and business closure for a food service operator.
Additionally, there is a good chance that customers will interpret the low prices as indicating the low quality of the product
Building a customer base of devoted followers is challenging in light of this.
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Often presented visually on an executive dashboard, what type of report focuses attention on business processes whose performance falls outside of the tolerance ranges defined a kpi metric?.
The response to the stated assertion is an exception.
Is metric the same as KPI?While KPIs are strategic, metrics are typically operational or tactical. While KPIs can be evaluated by various departments that are working toward the same goal, metrics are simpler indicators that are specific to a department. Metrics give you a perspective on your business activity, whereas KPIs help you make strategic decisions.
A KPI metric is what?Key performance indicators, or KPIs, are the measures you use to evaluate business-critical tasks, goals, or objectives. The word "key" in the sentence indicates that they have a special or significant meaning. KPIs act as quantifiable standards in comparison to set goals.
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What type of innovation focuses on the supply side, looking for opportunities to remove non-value-adding steps from the workflow?.
Process Innovation type of innovation focuses on the supply side, looking for opportunities to remove non-value-adding steps from the workflow.
What is an example of process innovation?A process innovation is the introduction of a new or significantly improved method of production or delivery. Significant changes in techniques, equipment, and/or software are included.A company, for example, can modify the software used in its supply chain and delivery system. You can use PI to create new products or improve existing ones. Processes in areas such as information systems, manufacturing, and customer service can all be innovated by organizations.Process innovations can be designed to reduce unit costs of production or delivery, improve quality, or create or deliver new or significantly improved products. Process innovations include new or significantly improved methods for service creation and delivery.Product innovation refers to the development and release of a new product or service to the market, as well as an improved version of an existing product. Process innovation, on the other hand, is the implementation of a new or improved production or delivery method.To learn more about Process Innovation refer to
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