People cannot satisfy all their wants due to the scarcity of resources. Hence option d is correct.
What Are the Principal Reasons for Scarcity?Scarcity, which deals with how people satisfy their unlimited wants and needs with limited resources, is one of the basic concepts in economics. The monetary value that individuals place on products and services, as well as how governments and private firms decide to distribute resources, are all affected by scarcity.
Economic scarcity is primarily caused by structural, supply and demand-induced factors. Demand-induced refers to situations where demand increases despite a consistent supply. When a population's access to resources is structurally different from that of another population, this is known as supply-induced scarcity. Supply-induced scarcity occurs when the supply of a resource is lower than the demand for it.
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a marketing manager wants to determine which marketing campaign for a specific product was the most successful as determined by the amount of revenue generated. she uses the company’s mkis to determine how much revenue was generated for each of the three major campaigns run that year to determine revenue generated as compared to the cost of the campaign. this is an example of using an mkis to
She uses the company's MKIS to determine how much revenue was generated for each of the three major campaigns run that year to determine revenue generated as compared to the cost of the campaign. This is an example of using an MKIS to assist with cost-benefit analysis
What is Marketing?This refers to the creation of awareness for a particular product to drive sales.
Hence, we can see that the above example of using an MKIS to assist with cost-benefit analysis because it is used to determine revenue generated as compared to the cost of the campaign.
With this in mind, a cost-benefit analysis would help to tally the costs of a project and then minus the amount needed for the project and this was used to determine generated revenue.
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as the project manager for a software project that involves bleeding edge technology that has yet to be proven, you are charged with procuring the right software development partner to deliver project requirements. you have already completed a request for information (rfi) but there remain issues that can only be solved once development has begun. what is the next step in the bidding process?
The next step after Request For Information is: "Issuing an RFP (request for proposal) to prospective sellers" (Option B)
What is request for Proposal?A Request for Proposal (RFP) is an open call for bids for the execution of a new project proposed by the firm or other organization issuing it. Its goal is to generate a wide range of alternative recommendations that may be considered by the project's managers.
A request for information (RFI) is a formal method for acquiring information from possible providers of an item or service. Customers are supposed to write RFIs and send them to potential vendors.
What is Request for Information?With the data acquired from RFI responses/information from suppliers, procurement managers can compile the requirements as an RFP with questions and assessment criteria to buy the material needed.
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Full Question:
As the project manager for a software project that involves leading edge technology that has yet to be proven, you are charged with procuring the right software development partner to deliver project requirements. You have already completed a request for information (RFI) but there remain issues that can only be solved once development has begun. What is the next step in the bidding process?
A) Make a Single Source selection
B) Issuing an RFP (request for proposal) to prospective sellers
C) Issuing and RFQ (Request for Quote) to prospective sellers
D) Choose the resource that provides the lowest cost estimate
an insured under a group disability plan is required to pay 1/3 of the premium. upon disability, the insured receives a $6,000 monthly benefit from the plan. how much of the $6,000 is subject to income tax?
An insured under a group disability plan is required to pay 1/3 of the premium. upon disability, the insured receives a $6,000 monthly benefit from the plan. The subject to income tax is $4,000.
Since the employer pays 2/3 of the monthly premium, then 2/3 of the monthly benefit ($4,000) would be taxable as income to Nathan. Relevant content. Federal Tax Considerations for Business and Group Health Insurance Policies.
Profits Tax is a tax on a person's earnings, emoluments, earnings springing up from belongings, the practice of the profession, the behavior of exchange or commercial enterprise, or at the pertinent items of gross income unique within the Tax Code of 1997 Tax Code, as amended, much less the deductions if any, legal for such varieties of earnings, by way of the Tax CodeIf you can be claimed as a base by another taxpayer, the profits threshold for filing is generally decreasing than the chart.
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One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organizational buying.
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organizational buying is that price is often negotiated.
What is a marketing mix?This refers to the multiple areas of focus as part of a comprehensive marketing plan. It often refers to a classification that began as the four Ps which includes product, price, placement, and promotion.
In practice, an effective marketing touches on a broad range of areas as opposed to fixating on one message, so, by doing so, its helps reach a wider audience and by keeping the four Ps in mind, marketing professionals are better able to maintain focus on the things that really matter.
As focusing on a marketing mix helps most organizations make strategic decisions when launching of products, however, the one way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organizational buying is that price is often negotiated.
Missing words" A. advertising is typically uplifting and inspiring in nature. B. promotions of all kinds are avoided. C. price is often negotiated. D. distribution is of negligible importance. E. product quality is assumed among sellers and is rarely a buying criteria.
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One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organizational buying, price is always negotiated
Many people are involved in purchasing decisions in organizations. The organizational buyer's decision-makers are people subject to many of the same emotional criteria that apply to personal purchases.
Purchasing decisions in organizations frequently involve a variety of complex technical dimensions. The organizational decision-making process is often lengthy, resulting in a significant lag between the marketer's initial contact with the client and the purchasing decision. Because many new factors may enter the picture during this lag period, the marketer's ability to monitor and adjust to these changes is critical. Organizations cannot be classified precisely. Each organization has a distinct operating style and personality.
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How can a business prevent clients constantly returning items that are not working properly?
which management employability skill involves being able to move beyond established ideas and rules to set up new models and processes?
Creativity is a skill that involves being able to move beyond established ideas and rules to set up new models and processes
How to think creatively?Finding novel approaches to issues and ways to deal with circumstances is the essence of creativity. This is a skill that people from all walks of life can benefit from learning; it is not just a talent reserved for artists, musicians, authors, or "right-brained" thinkers. These suggestions can be useful if you've ever sought to increase your creativity.
Developing your expertise in this field is one of the best strategies to foster creativity. Your ability to come up with original and creative solutions to issues will improve if you have a thorough understanding of the subject. Reading about and hearing from creative people is one approach to gain expertise.
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What is required in order to make a good career decision
Answer:
You need to follow curtain decision making chart that requires you to ask and answer questions about the decisions made in picking and making a good career! Best of luck !
the discipline by which quality characteristics are embedded into the product or service is known as
The discipline by which quality characteristics are embedded into the product or service is known as Quality engineering.
Quality engineer work with pleasant assurance and exceptional management groups to increase strategies, check approaches and enforce systems that make sure the goods and strategies fulfill exceptional requirements, meet safety policies, and satisfy customer expectations.
They make sure that the manufacturing techniques are green and correct, documenting findings that could improve concerns, accomplishing satisfactory tests even as watching parameters, and enforcing changes as important to fulfill the highest first-class standards.
The assignment of becoming a excellent assurance engineer is gaining knowledge of the necessary coding languages, software programs, and hardware had to carry out this position. This takes a big preliminary funding of time and power to research.
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insurance companies negotiate discounts with hospitals under a(n) question 18 options: ppo. hmo. epi. fyi.
When interacting with healthcare providers, insurance companies bargain for discounts for their customers.
Insurance is a legal agreement, evidenced by a policy, under which a policyholder receives financial security or compensation from an insurance provider against losses. In order to make payments to the insured more manageable, the company pools the risks of its clients.
The measure had been deemed unlawful by the insurers' trade association, which also claimed that it would "undermine competitive discussions." Four hospital associations filed an united lawsuit against the government to stop it, and after losing, they appealed. They lost once more, and seven months later, many hospitals are still doing nothing to comply with the obligation. However, evidence from the participating hospitals provides a clue as to why the influential industries wished to keep this information secret.
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occurs when employees are provided with the ability to take on responsibilities and make decisions regarding all aspects of product development or customer service.
Employee empowerment occurs when employees are provided with the ability to take on responsibilities and make decisions regarding all aspects of product development or customer service.
Giving employees the freedom, tools, and support they require to act independently and be held responsible for their decisions is essential, according to the management tenet of employee empowerment. Empowerment is crucial because It works wonders for fostering creativity but less so for enhancing consistent performance. Research has repeatedly shown that when workers feel empowered at work, they perform better, are more satisfied with their jobs, and are more loyal to the company. Employee empowerment can increase employee motivation, foster employee trust in leadership, foster greater creativity, and improve employee retention, all of which contribute to a higher bottom line. Expressing gratitude for someone's efforts is one of the best ways to empower them.
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management is defined as the science and art of ensuring that goods and services are created and delivered successfully to customers.
Operations management is defined as the science and art of ensuring that goods and services are created and delivered successfully to customers.
Management is the administration of a corporation, whether or not it's far a business, a non-profit organization, or a government frame. It is the art and technological know-how of managing the assets of the business.
It enables in reaching organization dreams - It arranges the factors of manufacturing, assembles and organizes the sources, and integrates the sources in an effective manner to obtain dreams. It directs organization efforts in the direction of the success of pre-determined desires.
Management is described because the technique of planning, organizing, directing and controlling an employer's operations as a way to attain coordination of the human and material resources important inside the effective and green attainment of objectives.” -Robert L. Trewelly and M. Gene Newport.
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at the end of may, bergan company had completed jobs 200 and 305. job 200 is for 2,390 units, and job 305 is for 2,053 units. the following data relate to these two jobs: on may 7, bergan company purchased on account 10,000 units of raw materials at $8 per unit. during may, raw materials were requisitioned for production as follows: 7,500 units for job 200 at $8 per unit and 1,480 units for job 305 at $5 per unit. during may, bergan company accumulated 2,500 hours of direct labor costs on job 200 and 3,000 hours on job 305. the total direct labor was incurred at a rate of $28 per direct labor hour for job 200 and $24 per direct labor hour for job 305. bergan company estimates that total factory overhead costs will be $620,000 for the year. direct labor hours are estimated to be 80,000.
The correct answer is 7.75.
Bergan Company
Jobs 200 305
Completed Job 2390 2053
Raw Material requisitoned
=(7500 units at $8) for Job 200
and (1480 at $5 ) for job 305 $60,000.00 $7,400.00
Direct Labor=(2500 Direct Labor
Hours at $28) for Job 200 and
(3000 hours at $24) $ 70,000.00 $ 72,000.00
Manufacturing Overhead=(2500
Direct Labor Hours at $7.75) for
Job 200 and(3000 Direct Labor
Hoursat $7.75) ofr Job 305 $ 19,375.00 $ 23,250.00
Balance on the job cost sheet $149,375.00 $102,650.00
Jobs 200 305
Completed Job 2390 2053
Balance on the job cost sheet $149,375.00 $102,650.00
Cost per unit $ 62.50 $ 50.00 Predetermined Rater=(Estimated
Overhead cost/Estimated Labor
Hours)=($620000/80000) $ 7.75
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which factors, in addition to finances, may have contributed to mr. rodriguez not seeking medical care in the recent months
A. He may be an undocumented immigrant.
B. Undocumented immigrants in the US are at a higher risk of exploitation than legal residents.
C. Lack of concern about his overall health.
D. His impression that allopathic care is not considered holistic.
E. His culture highly values masculinity.
F. He may view the US healthcare system as unfriendly and intimidating.
What is immigrant?Immigration refers to the international movement of people to a destination country where they are not natives or citizens in order to settle as long-term residents or naturalized citizens. In contrast to commuters, tourists, and other short-term visitors, seasonal labor migration is occasionally included in the definition of immigration or migration.
Research indicates that has positive economic consequences for both the sending and receiving countries.
With few exceptions, research shows that immigration generally has favorable economic impacts on the native population. However, opinions are divided on whether low-skilled immigration has a negative impact on low-skilled natives.
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macroeconomists tend to combine many markets into one. for example, the behavior of all households and firms together is called
Macroeconomists tend to combine many markets into one. for example, the behavior of all households and firms together is called Aggregate behavior.
Macroeconomics is a department of economics handling performance, structure, behavior, and decision-making of an financial system as a whole. For example, the use of hobby rates, taxes, and authorities spending to alter an financial system’s increase and stability. This consists of regional, countrywide, and worldwide economies.
Macroeconomists examine subjects which include GDP (Gross Domestic Product), unemployment (consisting of unemployment rates), countrywide income, charge indices, output, consumption, inflation, saving, investment, energy, worldwide trade, and worldwide finance.
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Macroeconomists tend to combine many markets into one. for example, the behavior of all households and firms together is called aggregate behavior.
In behavior aggregate behavior the sum of individual behaviors. It is about the relationship between economic aggregates such as national income, government spending, and aggregate demand. For example, the consumption function is the relationship between aggregate demand for consumption and aggregate disposable income.
Models of collective behavior can be derived from direct observations of the economy or from models of individual behavior [1]. The theory of collective action is central to macroeconomics.
Aggregate behavior is the study of the interplay of factors that affect individual households or firms, which in turn influence economic behavior, which in turn leads to economic change.[2] Aggregate behavior Since is defined differently in different economic theories, households and firms respond differently to changes in the business cycle. The interaction between macroeconomics and microeconomics brings about positive and negative changes.
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4. why is information so important in supply chains? what are the challenges to the successful development and implementation of effective information? what is the role of technology and information management?
Information can be a powerful tool if it is timely, accurate, managed, and shared. The challenge is the sharing of information along the supply chain and the discipline to ensure the integrity of the data collected.
Information is stimuli that have meaning in a few contexts for its receiver. whilst records are entered into and saved in a laptop, it is commonly referred to as statistics. After processing -- which includes formatting and printing output data can once more be perceived as data.
Humans use the information to seek which means in a ramification of conditions. now and again they use records instrumentally, to do something tangible (e.g., to gather a skill or attain a purpose). Other times, statistics is used cognitively (e.g., to generate ideas).
Information management is an important thing for records-pushed corporations that allows them to make higher selections and obtain dreams. Knowledge of the purpose of records control can help your enterprise beautify the use, safety, and storage of facts to operate extra efficiently.
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a house has been on the market for several months because most buyers do not want to walk through the master bedroom from the garage to reach the kitchen. this floor plan is an example of
A house has been on the market for several months because most buyers do not want to walk through the master bedroom from the garage to reach the kitchen. This floor plan is an example of functional obsolescence.
Functional obsolescence is a reduction of an item's usefulness or desirability due to an previous design feature that cannot be easily modified. clients can mitigate losses resulting from practical obsolescence with the aid of thinking about the lengthy-time period usefulness of bought items.
Practical obsolescence occurs whilst an asset will become less beneficial or applicable due to an outdated layout that cannot without difficulty be updated or modified. (Tweet this!) In the latest decades, useful obsolescence is most often the result of the latest technology; an amazing instance is the VHS videotape.
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current challenges in operations management include all of the following except: part 2 a. rapid product development. b. lean operations. c. increased communication cost. d. sustainability. e. mass customization.
Out of the choices provided above, it can be said that the current challenges in operations management include all of the following except increased communication cost. Therefore, the option C holds true.
What is the significance of communication costs?Communication costs can be referred to or considered as the costs incurred by an organization to spread awareness and convey the message of achieving efficiency in the management, especially related to the operations of an organization.
Therefore, the option C holds true and states regarding the significance of communication costs.
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Jemimah was having problems with the tight scheduling and timelines given to her for one of her technical writing projects. She was failing to meet deadlines regularly and was unable to adjust to a variety of functional changes in the project. In this type of situation, what skill should Jemimah use to manage time and meet deadlines?
Answer: Strong time management skills.
Explanation:
Time management skills looks at achieving goals in a shorter period of time and making available time for other activities you plan to achieve, it helps you plan your events well void of much stress, gives you focus and meeting up with deadlines.
Jemimah has to work on her time management skills, she has to analyze the project and work out a plan on to meet up before the deadline. She can break the project in bits and set short deadline for her self on each task, in doing so, sh would relieve herself of stress and meet up with the deadline she was given.
when firms fail to take advantage of opportunities because something prevents them from capturing the benefits of the opportunity, or imposes additional costs on them, economists say there is
Economists says market failure occurs when enterprises fail to capitalise on possibilities because something prevents them from reaping the benefits of the opportunity or imposes additional expenses on them.
Economists
An economist is a specialist who investigates the relationship between a society's resources and its output. Economists research anything from small, local communities to entire nations and even the global economy. An economist's expert judgments and research findings assist determine a wide range economic policies, including interest rates, tax legislation, employment initiatives, international trade agreements, and company strategy. An economist's job include examining data that contains economic indicators such as GDP and investor confidence surveys. Economists may investigate the distribution, accessibility, and reach of products and services to discover prospective trends or generate economic forecasts.
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NAME 2 COSTS/DRAWBACKS OF SETTING UP A FRANCHISE?
a manager wants to accurately predict how many light-up three-wheeled scooters they’ll need to meet holiday demand. which component of supply chain management would the manager be using to determine the appropriate number to produce?
The component of supply chain management that the manager will be using to determine the appropriate number to produce is known as Supply chain planning.
What is a Supply chain planning?In supply chain management, this means the process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand.
Therefore, the component of supply chain management that the manager will be using to determine the appropriate number to produce is known as Supply chain planning.
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one advantage of is the direct crossing of trades without using a broker-dealer system eliminates the bid-ask spread that otherwise would be incurred
one advantage of is the direct crossing of trades without using a broker-dealer system eliminates the bid-ask spread that otherwise would be incurred Trades are not executed quickly
What is incurred Trades ?In financial trading, a rogue trader is an employee who, under certain restrictions, has the authority to execute trades on behalf of their business but instead executes illicit deals. Mismarking of securities is another potential aspect. The offender works for the firm legally as an employee, but without authorization, they engage in business on the company's behalf or misrepresent securities that belong to the company.
audio icon What a Rogue Trader Learned About the Financial Crisis, Knowledge
One well-known rogue trader is Nick Leeson, whose losses on illicit trades in index futures contracts were enough to drive his employer Barings Bank into bankruptcy in 1995.
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AHHHHHHHHHHH IDK WHAQT TO DO I HAVE FOUR DAYS TO COMPLETE 12 ASSIGNMENTS AND FIVE MIDTERMS I AM BEYOND STRESS SOMEONE SHOOT ME NOW PLEASE
Desmond works in Power, Structural, and Technical Systems. He would most likely be employed by
Answer:
He would most likely be employed by O a farm company or dealership. a small farm or bakery.
Explanation: He would most likely be employed by O a farm company or dealership. a small farm or bakery.
Answer:
Correct ^^^
Explanation:
you are planning for your retirement in 4 years. you have $1,000,000 to invest today plus you will invest an additional $500,000 at the end of the year for the next 3 years. how much money will you have at retirement if your retirement savings earns 7% per year
I will have approx $3.03 million att my retirement.
We use the formula:
A=P(1+r/100)^n
where
A = future value
P = present value
r = rate of interest
n = time period.
A=1,000,000*(1.07)^4+500,000*(1.07)^3+500,000*(1.07)^2+500,000*(1.07)
=$3030767.51
=$3.03 M(Approx)
Retirement refers to the time of life when one chooses to permanently leave the workforce behind. The traditional retirement age is 65 in the United States and most other developed countries, many of which have some kind of national pension or benefits system in place to supplement retirees' incomes.
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after a great deal of effort, your team has gathered the necessary data and created a price and margin waterfall. what should you do next?
After gathering the necessary data and creating a price and margin waterfall, the next thing you should do is: D. compare and benchmark against internal or external groups, which will help identify root causes of leakages.
What is price?Price can be define as an amount of money which is primarily set by the seller of a good (product), and it must be paid by a buyer to the seller, so as to enable the acquisition of this good (product).
What is a price and margin waterfall?A price and margin waterfall is also referred to as NET or NET 3 margins and it can be defined as a visual tool which is designed and developed for measuring how the price of a good (product) cascades down to the pocket margin.
This ultimately implies that, a price and margin waterfall can be used to find hidden costs and margin (money) leakages from each transactions or at every price level.
In conclusion, we can reasonably infer and logically deduce that the next thing you should do after gathering the necessary data and creating a price and margin waterfall is to compare and benchmark against internal or external groups, which will in turn help in identifying the root causes of leakages.
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Complete Question:
After a great deal of effort, your team has gathered the necessary data and created a price and margin waterfall. What should you do next?
A. Make sure the results are kept private to your team.
B. Make sure the price and margin waterfall was created with a single product unit.
C. Once you have one version completed, use the patterns highlighted to fix problems.
D. Compare and benchmark against internal or external groups, which will help identify root causes of leakages
Having too much to do given your available resources is called
a. prioritizing.
b. budgeting.
c. being overextended.
d. multitasking.
c. being overextended
is the answer
Having too much to do given your available resources is called being overextended. Thus, option C is correct.
What is a resource?Anything that is useful and enhances your life is a resource. A resource is a process helps that people appreciate and need, including breath, drink, and land. A resource can be classified as regenerative or non-renewable sources based on whether it can replace it at the speed it is utilized up or whether it has a finite supply.
Being completely out of position is having much else to do for your scarce funds. You will likely overlook crucial events and obligations, so consider what you really want to do and add tasks to that list. This will help the person to create data that is well established and also regard to the data.
Therefore, option C is the correct option.
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Your department has been having things come up missing lately . You've been noticing but no one else has said anything . Two other people work in your department . how will you handle this issue ?
Answer:Are you friends with these other colleges if you’re you should try asking questions concerning the incidents but be careful so you don’t throw any of them especially if one of them might be the culprit
Explanation:
The after closing balance in a revenue account will always be zero. This statement is.
This statement is True.
When an account is closed, the balance in the revenue account is moved to the retained profits account, leaving the revenue account with a zero ending balance. The beginning balance for a revenue account will also be 0 because the ending balance from the previous period becomes the beginning balance for the subsequent period.
What is a Revenue Account?The assets made by a company's operations and business activities are its revenues. To put it another way, revenues comprise the money or receivables a business receives from the sale of its products or services.
The income account has a credit balance and is an equity account. Therefore, a credit to the revenue T-account results in a rise in the account balance. The enlarged accounting equation demonstrates how revenues raise equity. Because revenues or income are often only created, unlike other accounts, revenue accounts are rarely debited. A business rarely has its income taken away.
Only when items are returned and sales are refunded does the revenue account get deducted. The original sale is voided in this situation, so the recorded sale must be reversed.
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if a firm is concerned about capital constraints and needs to prioritize its projects, which budgeting technique should the firm use?
A firm that is concerned about capital constraints and wants to prioritize its projects must use Profitability Index (PI).
Profitability Index (PI) is a budgeting technique describes an index that represents the relationship between the costs and benefits of a project. It is calculated as the ratio between the value (present) of the future and the initial amount invested in the project.
A higher Profitability Index means that a project will be more attractive. The profitability Index is basically helpful in ranking different projects. It is actually an appraisal technique applied to potential capital outlays. The method divides the projected capital inflow by the projected capital outflow to find out the profitability of a project.
The profitability Index is the comparison and contrast when a company has several investments and projects it is considering undertaking. This index can be used to determine which is the best investment.
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