In absorption costing, production costs for both fixed and variable products are ascribed to units of product.
The required details for costs in given paragraph
A cost is the amount of money that has been expended to produce an item or provide a service and is therefore no longer available for use in manufacturing, research, retail, or accounting. In the world of business, the cost can be one of acquisition, in which case the sum of money spent on getting it is considered the cost. The input used to obtain the thing in this instance is money.
This acquisition cost may include both additional transactional costs incurred by the acquirer above and above the price given to the producer, as well as the cost of production as borne by the original producer.
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Taylor started a small business a little less than 10 years ago. The business employed several social workers and nurses that visited and cared for persons who had left hospital care, but were not quite ready to be on their own at home. As the ceo of the firm, taylor decided it was time to hire a business operations manager and a marketing manager to handle the details of the business. Which function of management was taylor primarily performing?.
The function of management that Taylor is performing in his small business is organizing.
The function of management of organizing entails creating an organizational structure and assigning human resources to guarantee the achievement of goals. The framework for coordinating effort is the organizational structure. An organization chart, which shows the chain of command within an organization graphically, is typically used to describe the structure. Organizational design decisions are the general term used to describe decisions made about an organization's structure. Designing individual tasks inside the company is another aspect of organizing. Decisions must be made regarding each job's obligations and responsibilities, as well as how those obligations should be fulfilled.
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When an employee’s interests are likely to interfere with the employee’s ability to exercise proper judgment on behalf of the organization, what exists?.
When an employee’s interests are likely to interfere with the employee’s ability to exercise proper judgment on behalf of the organization,conflict of interest exists.
What is conflict of interest?Conflict of interest happens when an individual's personal interests (social factors,friendships,financial, family) could compromise their judgement, actions or decisions in workplace.
There are three different types of conflict of interest,
predeterminationconflict of rolesfinancial conflict;non-financial conflict;Some examples of conflict of interest, is when an employee starts a business as a part time with the similar services.
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Frank corporation has a single product. Its selling price is $80 and the variable costs are $30. The company’s fixed expenses are $5,000. What is the company’s break-even point in unit sales?.
Frank corporation has a single product. Its selling price is $80 and the variable costs are $30. The company’s fixed expenses are $5,000. The company’s break-even point in unit sales is 100 units.
How to calculate the unit sales?
Unit CM = Selling price of $80 - Variable
expense of $30 = $50.
Unit sales to break-even Fixed expenses of = $5,000 = $50 = 100 units.
What are unit sales?
On the balance sheet, unit sales represent the total sales of a product in a given period. This sales information is used to determine the price point to achieve profit per unit relative to actual production costs.
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On november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. How much should be expensed for the month of november?.
If on november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. The amount that should be expensed for the month of november is: $1,000
Expensed amount for the month of November2 years = 24 months
Now let find or determine the amount that should be expensed for the month of November using this formula
Expensed amount= ( 1/24 months ×Rent amount paid)
Where:
Rent amount paid = $24,000
Let plug in the formula
Expensed amount = 1/24× $24, 000
Expensed amount=$1,000
Based on the above calculation we can conclude that the expense amount for the month of November is $1,000.
Therefore If on november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. The amount that should be expensed for the month of november is: $1,000 ,
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Used by many smaller companies to help streamline procurement or distribution processes, ________ is an internet site whose purpose is to be a major starting point for users when they connect to the web.
Used by many smaller companies to help streamline procurement or distribution processes, a web portal is an internet site whose purpose is to be a major starting point for users when they connect to the web.
What is Web Portal?
An information single point of access, or web portal, is a website that has been specifically developed for this purpose. It might also be thought of as a collection of organized and personalized content. In addition to offering functions like task management, collaboration, business intelligence, and application integration, a web portal typically assists with search navigation, customization, alerting, and information integration. Web portals frequently offer access control and procedures as well as a specific appearance and feel for businesses and organizations. They are reachable through a variety of platforms, including desktop computers, mobile phones, and other electronic devices.
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at the beginning of the conversation, norio wants to discuss sushi with michael, but michael is more interested in getting the contract signed. based on what you’ve learned about global management, it seems michael was not cognizant of norio coming from a
At the beginning of the conversation, Norio wants to discuss sushi with Michael, but Michael is more interested in getting the contract signed. based on what you’ve learned about global management, it seems Michael was not cognizant of Norio coming from a high-context culture.
Norio is coming from a high-context culture in which people rely heavily on situational cues for meaning when communicating with others, relying on nonverbal cues as to another person's official position, status, or family connections.
The Conversation Australia and New Zealand were founded in Melbourne in 2011. Today it operates as a global network of sister locations with dedicated teams operating in Indonesia, Spain the UK the US, France, Africa, and Canada.
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When united airlines considered putting pilots in its boardroom and when northwest airlines provided their workers an employee ownership system, they were:_________
When united airlines considered putting pilots in its boardroom and when northwest airlines provided their workers an employee ownership system, they were making action statements as part of their planning.
Employee ownership
Employee ownership refers to any arrangement in which a company's employees hold stock or the right to the value of stock in the company. Employee ownership is a broad idea with various variations, ranging from simple stock grants to highly complex arrangements. The most common form of employee ownership in the U.S. is the employee stock ownership plan (ESOP), a highly tax-advantaged plan in which employees own shares through a trust funded by the company.
A situation in which a company's employees own all or part of the company: Employee ownership is one of the factors that many investors evaluate when assessing a company.
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Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan. what is nastasha’s adjusted gross income? a. $109,971 b. $22,887 c. $72,522 d. $43,542 please select the best answer from the choices provided a b c d
Natasha has a gross income of $66,429. She can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan is $43,542
Answer no d is correct $43,542.
The gross income has been the total income, while net income has been the total profit of the company.
For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions
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Ceteris paribus, if buyers expect the price of airline tickets to fall in the future, then right now there should be.
Ceteris paribus, if buyers expect the price of airline tickets to fall in the future, then right now there should be a decrease in demand for airline tickets.
What is meant by Ceteris Paribus in Law of Demand?
Ceteris paribus literally means other things being equal. This clause is prominent in the law of demand. It refers to every other things with the exceptional of price being equal.
Hence, it does not refers to price of the commodity not changing.
It helps in isolating multiple independent variables which doesn't affect a dependent variable.
The accuracy of a demand curve is as long as there are no changes other than the price that could affect consumer decision.
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salespeople who can offer better service than their competitors have an advantage for generating new business and taking away business from the competition.
True. Salespeople who can offer better service than their competitors have an advantage for generating new business and taking away business from the competition.
What are salespeople?The salesperson is in charge of welcoming customers, assisting them in finding what they're looking for, and ringing up purchases. You need to have excellent communication skills to succeed as a salesperson. A successful salesperson achieves their goals while being courteous and helpful to customers.
A salesperson is someone whose primary goal is to close sales of a good or service. The salesperson may or may not truly be enthusiastic about the good or service. The pursuit of financial success is his or her main goal.
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The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets. True or false?.
The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets - True
What are perfectly competitive markets?The phrase "perfect competition" describes a fictitious market structure.
Despite the fact that perfect competition is uncommon in real-world markets, it offers a valuable framework for illustrating how supply and demand influence pricing and behavior in a market economy.
When there are many buyers and sellers, perfect competition results in prices that accurately reflect supply and demand.
Businesses make just enough money to cover their costs and nothing more. If they made excessive profits, rival businesses would enter the market and lower profits.
Imperfect competition, which occurs when a market deviates from the ideals of pure or perfect neoclassical competition, is its antithesis.
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The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets - True
What are perfectly competitive markets?The phrase "perfect competition" describes a fictitious market structure.
Despite the fact that perfect competition is uncommon in real-world markets, it offers a valuable framework for illustrating how supply and demand influence pricing and behavior in a market economy.
When there are many buyers and sellers, perfect competition results in prices that accurately reflect supply and demand.
Businesses make just enough money to cover their costs and nothing more. If they made excessive profits, rival businesses would enter the market and lower profits.
Imperfect competition, which occurs when a market deviates from the ideals of pure or perfect neoclassical competition, is its antithesis.
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jonathan mendez is deciding whether to study for his economics exam at a café or go to a concert with friends tonight. the cost of the concert ticket that he purchased yesterday is in his opportunity cost and represents a cost.
Jonathan Mendez is debating whether to attend a concert with friends tonight or study for his economics exam at a cafe. His opportunity cost calculations for these decisions do not take into account the cost of his economics course tuition, which amounts to a financial cost.
What are opportunity costs?The time and money spent learning that could have been put to other uses make up the opportunity cost. The opportunity cost of not growing wheat or using the resources in another way exists when a farmer decides to do so (land and farm equipment).
Opportunity cost is frequently described as the backup plan. Sometimes referred to as the alternative cost, this is the loss of gain that would have been realized if a different option had been selected. Another way to express it is the loss of benefit brought on by a change in choice.
Define financial cost?The costs, interest, and other fees associated with borrowing money to construct or buy assets are referred to as financing costs (FC), often known as the cost of finances (COF). This can include how much it costs to finance a home mortgage, a bank-financed vehicle loan, or a school loan.
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today, boyd crowder signed loan papers agreeing to borrow $4,523.31 at 9 percent compounded monthly. the first monthly loan payment of $143.84 is due one month from today. how many loan payments must boyd make before the loan is paid in full?
Loan payments must be made before the loan is paid in full $5178.24.
Loan Payment means the amount payable by the Borrower to repay a Loan under the terms of the Loan Agreement, Debenture, and Bond Mortgage.
There are three payment methods for a mortgage: equal installments, equal installments, and fixed equal installments. The repayment method depends on a variety of conditions, such as whether you want to pay the same amount each month or whether you want to pay it back within a certain period of time.
Using EMI formula:-
P×R × (1 + r )^n ÷ (1 + r )^n -1
we find number = 36 month.
Hence, total Loan paymeny
36x 143.84 =
$5178.24
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question a survey of entrepreneurs who started companies last year shows that while virtually all did substantial preparatory research and planning, only half used that work to produce a formal business plan. since, on average, the entrepreneurs without formal plans secured the capital they needed in half the time of those with plans, these survey results indicate that, in general, formal plans did not help the entrepreneurs who produced them to secure the capital they needed.
An entrepreneur is someone who spots a need in the market and takes steps to fill it. The phrase has historically been used to describe a person who begins a business because they sense an opportunity to make money by being able to meet a need that has been discovered.
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at the beginning of may, golden gopher company reports a balance in supplies of $420. on may 15, golden gopher purchases an additional $2,500 of supplies for cash. by the end of may, only $220 of supplies remains.required:1.
Finding balance in life helps you improve your overall health. When you have balance, you have time to pay attention to your body's needs. You can prioritize things like diet, exercise, and meditation instead of regretting that you never have time to take care of yourself.
An example of balance is being able to walk on a tight rope. An example of balance is when a person divides his time evenly between work, family, and personal pleasure. An example of balance is a person who doesn't get upset very often and doesn't let the little things bother them.
[Date |General Joumal [Debit |Credit
[May 15, Supplies S240,
[Cash [S240
[May 31 |Supplies expense(S410 — 2,400 - S210) 52,600,
Supplies [52,600
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You are thinking about buying a bond that offers an annual coupon rate of 6%, with exactly 8 years remaining to maturity. The face value of the bond is $1,000. Your required return is 5% per year. How much should you be willing to pay for this bond?.
Answer:
I think $58.04
Explanation:
I calculated percentages.
1.as new entrants such as equinox fitness, soulcycle and bitmovin have entered the industry, peloton has lost their competitive advantage so should the company focus on on either its physical product i.e. the bike or focus on subscriptions?
They ought to concentrate on subscriptions. Despite having a great brand, Peloton was unable to establish a sustainable competitive edge. This is true even though it performs better than other gyms, which experience an annual turnover rate of 30% on average. Less than 8% is Peloton's.
What distinguishes Peloton from rival companies?a rotating weekly schedule of spin sessions led by qualified teachers, with room for 60 cyclists. Similar to rivals like FlyWheel, SoulCycle, or even Cambridge's HandleBar, Peloton adds value for participants in these programmes by providing engaging, high-intensity exercises instructed by knowledgeable teachers.
Myxfitness, the Equinox/SoulCycle at-home cycle, NordicTrack, and Echelon are Peloton's main rivals. These bikes will all come close to the Peloton experience because they all have huge touchscreens and workout sessions that can be streamed live or on demand.
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small businesses multiple choice concern themselves with state-of-the-art information and accounting technology but not employee relations due to their challenge to financially support employee benefits programs. do not seek government funding due to the fact that the federal government has made it very clear that it must support large operations before small operations. deal with very different management issues due to the very different management challenges experienced by small businesses. deal with similar management issues that large companies face.
Due to the extremely distinct management problems faced by small enterprises, they deal with quite different management concerns.
what is management?No matter if the organization is a for-profit corporation, a government agency, or a nonprofit, management is the administration of the entity.Resource management for a corporation is both an art and a science.Setting an organization's strategy and organizing its workers' (or volunteers') efforts to achieve its goals through the use of resources like money, the environment, technology, and people are all included in management. In management, the terms "run the business" and "change the business" are used to distinguish between continuing to provide goods or services and tailoring those offerings to accommodate consumers' shifting demands.Those who oversee an organization are referred to as managers when we use the term "management."To know more about management, refer to the following link:
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Your marketing team is currently working through the target market selection process to identify which customers your firm will target with a new technology product being developed. You are currently in the process step where you must consider the target market characteristics, the product attributes, and the firm’s objectives and resources. Which of the five steps in the target market selection process are you currently working on?.
Step #1 - Identify the appropriate targeting strategy
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Green company has net credit sales of $100,000, an asset turnover ratio of 4, and a receivables turnover ratio of 9. What is the average collection period?.
The average collection period if Green company has net credit sales of $100,000, an asset turnover ratio of 4 is 40.6 days. It can be calculated by divided company's working days by Receivable turnover.
The total asset turnover ratio can be defined as a mathematical function that calculates how efficiently a company converts assets into revenue. For example, an asset turnover ratio of 0.50 indicates that the company is able to convert each asset's value into 50 cents of revenue. A higher asset turnover ratio is usually considered better, as it indicates that the company can more efficiently generate profits based on available inventory.
The asset turnover ratio is effective for comparing businesses in the same sector but is meaningless when comparing businesses operating in different industries. Companies and small retail stores often have higher asset turnover ratios because they typically generate a large number of sales compared to the cost of their assets. Retail stores sell merchandise at prices that are usually much less than they pay for inventory, so the ratio is high. Utility and real estate companies often have lower asset turnover ratios because of their lower sales margins.
The calculation is:
Average collection period = 365 days / Receivable turnover
Average collection period = 365 days : 9
Average collection period = 40,6
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to minimize the risk of theft of consumer remittances, the person who handles and deposits customer payments can also a. reconcile the bank statements. b. none of these activities can be performed by the person who handles and deposits customer payments. c. authorize credit memos. d. post adjustments to accounts receivable.
To minimize the risk of theft of consumer remittances, the person who handles and deposits customer payments can also none any of these activities can be performed by the person who handles and deposits customer payments.
What's Payment?A payment is the voluntary tender of plutocrat or its original or of effects of value by one party( similar as a person or company) to another in exchange for goods, or services handed by them, or to fulfill a legal obligation. The party making the payment is generally called the payer, while the payee is the party entering the payment.Payments can be effected in a number of ways, for illustrationThe use of plutocrat, cheque, or disbenefit, credit or bank transfers.The transfer of anything of value, similar as stock, or using trade, the exchange of one good or service for another.What's the payment procedure?Payment Procedures means the procedures for carrying payments from one or further of the Portfolios in which a party maintains an account, established from time to time by the Chief Investment Officer.Learn more about payment here:
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61.) ""an active market in which the sellers of available properties can obtain higher prices than those obtainable in the immediately preceding period; a market in which a few available properties are demanded at prevailing prices by many users and potential users"" is the definition of a(n) market.
"an active market in which the sellers of available properties can obtain higher prices than those obtainable in the immediately preceding period; a market in which a few available properties are demanded at prevailing prices by many users and potential users"" is the definition of a(n) seller's market.
Which kind of market is most likely to be characterized by escalating costs and a dearth of available properties for purchase?A seller's market is one in which there are few products available for purchase, giving the seller greater price power. When little supply and high demand exist in the real estate market, the phrase "seller's market" is frequently used.
What does real estate market valuation entail?The actual value of your property as it would be sold on the open market is referred to as its market value. It is decided by purchasers and is outlined as the sum they are prepared to spend to buy the house.
What is the market's supply of real estate?The term "months' supply" describes how long it would take, at the current rate of sales, for the inventory of properties now on the market to sell. A lower amount of months' supply tends to accelerate price increases, and historically, six months of supply has been linked to a mild price increase.
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Top officials in countries like japan, south korea, and china have faced legal charges of influence peddling and which serve as examples of the unethical behavior that u. S. Companies face in overseas markets
In a case whereby a Top officials in countries like japan, south Korea, and china have faced legal charges of influence peddling and which serve as examples of the unethical behavior that U.S. Companies face in overseas markets is Bribery.
What is bribery?Bribery can be described as the offering as well as promising, and soliciting which can be regarded as the illegal act that serves as the advantage as an inducement of an officials that are in the government so that they can offer an action and this can be regarded as a a breach of trust.
In this case , money or favor is been offered so as to be able to order to influence the judgment as well as the conduct of a person which was demonstrated above .
Therefore, In a case whereby a Top officials in countries like japan, south korea, and china have faced legal charges of influence peddling and which serve as examples of the unethical behavior that u. S. Companies face in overseas markets is Bribery.
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CHECK THE COMPLETE QUESTION:
Top officials in countries like japan, south korea, and china have faced legal charges of influence peddling and which serve as examples of the unethical behavior that u. S. Companies face in overseas markets is __________
If you are able to build and maintain collaborative relationships to work effectively toward common goals, while appreciating diverse viewpoints and shared responsibilities, you have a proficiency in which competency?.
A person that is able to build and maintain collaborative relationships to work effectively toward common goals, while appreciating diverse viewpoints and shared responsibilities, have the competency that is called teamwork.
What is team work?This is the term that is used to refer to the ability of persons to work in a collaborative manner. That is the ability of people to work in such that a way that they are able to share ideas and despite the different areas that they are from would put aside the differences they have to work together in order to help the business to grow.
Hence we can say that A person that is able to build and maintain collaborative relationships to work effectively toward common goals, while appreciating diverse viewpoints and shared responsibilities, have the competency that is called teamwork.
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as a firm establishes a track record for performance, that performance, along with the goods or services it creates become key elements of the firm's and entrepreneur's identity.
A firm's and entrepreneur's identity refers to the photograph of company's criminal status.
Within the literature on terrorism, Troy Thomas and his colleagues describe an identification entrepreneur as "an character or team of persons who find it desirable, profitable, or otherwise utilitarian to support team identities."
What is intention placing in entrepreneurship?Goal Setting Definition: Establishing short- or long-term objectives, generally incorporating deadlines and quantifiable measures.
If you absolutely desire to make a success of your business, it is necessary to outline your enterprise goals, especially earlier than you get started.
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https://brainly.com/question/13628349#SPJ4This morning, clayton deposited $2,500 into an account that pays 5 percent interest, compounded annually. Also this morning, jayda deposited $2,500 at 5 percent interest, compounded annually. Clayton will withdraw his interest earnings and spend it as soon as possible. Jayda will reinvest her interest earnings into her account. Given this information, which one of the following statements is true?.
Jayda will earn more interest in Year 2 than Clayton will earn. The interest received in year 1 will be compounded at the end of year 2 and subsequent years. As Clayton is taking out the interest every year, it won't be compounded for Clayton.
In finance associate degree economics, interest is payment from a receiver or deposit-taking financial organization to an investor or investor of an amount on top of reimbursement of the capital (that is, the quantity borrowed), at a specific rate. it's distinct from a fee that the borrower could pay the lender or some third party.
It's conjointly distinct from a dividend that is paid by a corporation to its shareholders (owners) from its profit or reserve, however not at a particular rate set beforehand, but rather on a pro-rata basis as a share within the reward gained by risk-taking entrepreneurs when the revenue earned exceeds the full costs. Interest differs from profit, in this interest is received by a lender, whereas profit is received by the owner of the associate degree asset, investment, or enterprise.
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How much will you accumulate in an account where you deposit $1,100 a year at the beginning of the next 3 years if you can earn 5% annually?.
I accumulate in an account where you deposit $1,100 a year at the beginning of the next 3 years if you can earn 5% annually is $3,346.90
An account with an APR of 8% compounded quarterly has an annual interest rate EAR of 8.243%. A regular annuity is an annuity with cash flows or payments at the end of the period.
calculation:-
principal amount = $1,100
time = 3 year
annual rate of interest =5%
SI = PRT ÷ 100
= $1100 × 5 ×3
= $2246.9
amount = Principal + SI
Amount = $3346.90
Use the interest rate formula to get the interest rate. This is the percentage of the principal amount that a lender or bank charges a borrower for the use of an asset or money over a period of time. The interest rate formula is interest rate = simple interest x 100/principal x hours. compound interest. Interest added to the initial investment earns itself interest for subsequent periods.
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at the of stakeholder management capability, management must take the initiative in meeting stakeholders face to face and attempting to be responsive to their needs.
At the transactional level of stakeholder management capability, management must take the initiative in meeting stakeholders face to face and attempting to be responsive to their needs.
A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
All people or organizations with a stake in how well a business operates are considered stakeholders. Building strong and balanced relationships with stakeholders is crucial for organizations because doing so will determine how authentically they are able to meet their needs.
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Two modules validatecustomerid and registercustomer are unit tested individually. What kind of testing should be done to check whether registercustomer is calling validatecustomerid and validatecustomerid is called properly by registercustomer?
Two modules validate customer id and register customer are unit tested individually. Integration testing should be done to check whether register customer is calling validate customer id and validate customer id is called properly by register customer
Integration testing entails determines whether or not distinct modules perform well together.
Integration testing is a sort of software testing which involves merging of two or more modules to assess the flow between them.
Integration testing also ensures that the interactions between different software components which run smoothly and without difficulty.
Integration testing is a sort of software testing in which the various units, modules, or components of a software application are all evaluated together.
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marcus and tony work for lombardo's pipe and concrete. mr. lombardo is preparing an estimate for a customer. he knows that marcus lays a slab of concrete in 8 hours. tony lays the same size slab in 2 hours. if both work on the job and the cost of labor is 45 per hour, decide what the labor estimate should be.
The labor estimate is 1.5 x 40= $60.
When Marcus and Tony collaborate, their rates are added together. One job is to "lay a slab of concrete." Consider the rates to represent the number of jobs per hour.
Marcus charges 1/6 of the task per hour.
Tony charges half a work for each hour.
At the same time, Tony and Marcus both put in R tasks per hour.
1/6 + 1/2 = R
They will labor 1/R = 1(2/3) = 1.5 hours to complete the task since R = 2/3 job per hour.
The labor estimate is 1.5 x 40= $60.
A component of the wage bill or payroll known as labor cost can be precisely and consistently attributed to or related with the production of a good, a specific job order, or the delivery of a service. The total of all employee salaries, employee benefits, and payroll taxes paid by a company is the cost of labor. There are direct and indirect (overhead) expenses associated with labor.
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