A cost sheet for a job includes:
Materials costs charged to the jobLabor costs charged to the jobManufacturing overhead costs charged to the jobA job cost sheet is a document used in cost accounting to track the costs incurred for a specific job or project. It lists all the direct costs related to the job, including material costs, labor costs, and manufacturing overhead costs.
The material costs are the costs of the raw materials used in the job, such as lumber for a construction project. The labor costs are the wages and benefits paid to the workers who worked on the job.
The manufacturing overhead costs are indirect costs, such as rent and utilities for the factory, that are necessary for the production process but cannot be directly traced to a specific job. By tracking these costs, the job cost sheet helps the company determine the overall cost of the job and whether it was completed within budget.
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which of these statements does not apply to market economies? a. prices prevent decentralized decision making from degenerating into chaos. b. prices ensure that what needs to get done does in fact get done. c. prices coordinate the actions of millions of people with varying abilities and desires. d. prices ensure that anyone who wants a product can get it.
d. prices ensure that anyone who wants a product can get it, "Prices ensure that everybody who wants a thing may have it" is the part of the statement that does not apply to market economies.
The last of the claims isn't always true for market economies: "Prices ensure that everybody who wants a thing may have it." Although pricing in a market economy might act as an allocation mechanism, this statement presupposes that everyone who wants a thing can afford it. In market economies, however, this isn't always the case because supply and demand determine pricing and some people might not have the money to buy specific goods or services. Prices have a significant impact on how decisions are made and how resources are allocated in a market economy. They assist in preventing the chaos that might otherwise result from decentralised decision-making by coordinating the actions of millions of people with diverse talents and goals.
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The use of theory and observation is more difficult in economics than in sciences such as physics due to the difficulty in Question 14 options:a performing an experiment in an economic system.b.applying mathematical methods to economic analysis.c. analyzing available data.d. formulating theories about economic events.
The correct answer is a: running an economic system experiment. In physics, researchers can conduct controlled experiments to put their hypotheses to the test and record findings about the physical universe.
However, because the economic system is so intricate and incorporates human behavior, doing studies in this field is much more challenging. Because there are so many interacting people, businesses, and governments in economic systems, it is difficult to isolate and control variables to test economic theories.
However, unlike sciences like physics, economics faces a unique set of challenges because it is difficult to conduct experiments in an economic system. Economic analysis can nonetheless utilize mathematical techniques to examine data and develop theories about economic occurrences.
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the three elements of value proposition, key customers, and capabilities operate within an environment. which of the following is not part of that environment?
Your boss would like your help on a marketing research project he is conducting on the relationship between the price of soda and the quantity of soda supplied. He hands you the following document:Your task is to take this supply schedule and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda supplied increases. This confirms the law of supply. True / False?
The statement "In doing so, you determine that as the price of soda rises, the quantity of soda supplied increases." is true. It is because if the price are increase, it will impact to the decrease of supply.
In the term of financial economic and microeconomics, the law of demand generally can be defined as the fundamental principle which states that there is an inverse relationship between price and quantity demanded. There are several aspects that impact to the supply and demand law, such as Price of product, Tastes and preferences, Consumer's income, Availability of substitutes, Number of consumers in the market, Consumer's expectations, and also Elasticity vs. inelasticity.
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Once you have established who the key players are that will determine success, then you initiate contact and begin to build a relationship with those players. Less effective managersGroup of answer choices:a. Are able to stay in touch with what is really going on through face-to-face interactions.b. Initiate contact to provide encouragement and to reinforce the objectives and vision of the project.c. Announce an open door policy and encourage others to see them when a problem or issue comes up.d. Spend the majority of their time outside their office.
Once you have established who the key players are that will determine success, then you initiate contact and begin to build a relationship with those players. Less effective managers initiate contact to provide encouragement and to reinforce the objectives and vision of the project. So the option b is correct.
More effective managers will use this time to listen and to understand the players’ motivations and objectives, as well as their challenges and concerns. This process is important to ensure that all objectives are aligned and that everyone is working towards the same goal.
The manager should also use this time to define the roles and responsibilities for each player and ensure that everyone is clear on their contribution. Finally, the manager should use this time to build trust and rapport with the key players and create a collaborative environment where everyone feels comfortable and valued.
By taking the time to build relationships and trust, it will help to ensure that the project will be successful.
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5. A manufacturing firm produces widgets and distributes them to five wholesalers at a fixed delivered price of $2.50 per unit. Sales forecasts indicate that monthly deliveries will be 2700, 2700, 9000, 4500 and 3600 widgets to wholesalers 1-5 respectively. The monthly production capacities are 4500, 9000 and 11,250 at plants 1, 2 and 3, respectively. The direct costs of producing each widget are $2 at plant 1, $1 at plant 2 and $1.80 at plant 3. The transport cost of shipping a widget from a plant to a wholesaler is given below.
Plant/wholesaler 1 2 3 4 5
Plant 1 0.05 0.07 0.11 0.15 0.16
Plant 2 0.08 0.06 0.10 0.12 0.15
Plant 3 0.10 0.09 0.09 0.09 0.16
Required:
A) Formulate an LP model for this production and distribution problem.
B) Find the Initial Basic Feasible Solution through VAM.
C) Test the optimality of VAM’s solution through MODI method.
A) Formulating the LP model for this problem would involve the following steps:
Identifying the decision variables: The decision variables in this problem would be the number of widgets to be produced at each plant and the number of widgets to be delivered from each plant to each wholesaler.
Defining the objective function: The objective of this problem is to minimize the total cost of production and distribution, which would be the sum of the direct costs of producing each widget and the transport costs of shipping the widgets from the plants to the wholesalers.
Defining the constraints: The constraints in this problem would include production capacity constraints, which specify the maximum number of widgets that can be produced at each plant, and demand constraints, which specify the number of widgets that must be delivered to each wholesaler.
The LP model can be written as:
Minimize Z = 2x1 + x2 + 1.8x3 + 0.05x11 + 0.07x12 + 0.11x13 + 0.15x14 + 0.16x15 + 0.08x21 + 0.06x22 + 0.1x23 + 0.12x24 + 0.15x25 + 0.1x31 + 0.09x32 + 0.09x33 + 0.09x34 + 0.16x35
Subject to:
x1 <= 4500 (Production constraint at plant 1)
x2 <= 9000 (Production constraint at plant 2)
x3 <= 11,250 (Production constraint at plant 3)
x11 + x12 + x13 + x14 + x15 = 2700 (Demand constraint for wholesaler 1)
x21 + x22 + x23 + x24 + x25 = 2700 (Demand constraint for wholesaler 2)
x31 + x32 + x33 + x34 + x35 = 9000 (Demand constraint for wholesaler 3)
x41 + x42 + x43 + x44 + x45 = 4500 (Demand constraint for wholesaler 4)
x51 + x52 + x53 + x54 + x55 = 3600 (Demand constraint for wholesaler 5)
x1, x2, x3, xij >= 0 (Non-negativity constraints)
B) Finding the Initial Basic Feasible Solution through VAM (Variable Addition Method) would involve the following steps:
Setting up the initial feasible solution by assigning 0 to all the decision variables.
Determining the entering variable by selecting the non-basic variable with the most negative reduced cost.
Determining the leaving variable by selecting the basic variable with the smallest positive ratio of the right-hand side constraint to the coefficient of the entering variable.
Updating the basic feasible solution by replacing the leaving variable with the entering variable.
Repeating steps 2 to 4 until all the reduced costs are non-negative.
C) Testing the optimality of VAM’s solution through MODI method (Modified Distribution Method) would involve the following steps:
Forming the inverse matrix by calculating the inverse of the matrix of coefficients of the basic variables.
Calculating the vector of reduced costs by multiplying the inverse matrix with the objective function coefficients of the non-basic variables.
Checking if all the reduced costs are non-negative, if so, the solution is optimal.
If not, select the entering variable with the most negative reduced cost and repeat steps 1 to 3 until all the reduced costs are non-negative
Which of the following methods used by slaveowners to subdue their slaves was most common?
a. Splitting families
b. Forced unions
c. Lashings
d. Balls and chains
Lashings methods used by slaveowners to subdue their slaves was most common.
Lashings were the most commonly used method by slave owners to subdue their slaves. Physical violence was often used as a means of control and punishment in the American slave system, and lashings were a common form of such violence. Slaves were subjected to frequent whippings, beatings, and other forms of physical punishment for even minor infractions. The use of physical violence was intended to maintain control over the enslaved population and to break their will, making them submissive and obedient to their company owners. Lashings and other forms of physical violence were a key component of the brutal and inhumane system of slavery in the United States and other slave-holding societies.
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The resource-based view (RBV) of the firm combines two perspectives:A...• the internal analysis of the firm and the external analysis of the industry and competitive environmentB...• the interrelationships among the primary activities of the firm and corporate managementC...• the primary and support activities of the firmD...• the industry and the competitive environment
The resource-based view of the company incorporates the following two viewpoints:
A company's internal investigation of phenomena.The industry's competitive environment and external examination of the market.How does the resource-based view (RBV) of the company operate?The unique, priceless, rare, and irreplaceable resources that a company has are what determine its capacity to sustain a competitive edge, according to the resource-based view (RBV) (Barney, 1991). The productivity and competitiveness of organizations are impacted by their capacity to produce these resources on their own or purchase them.
What characteristics set a position founded on resources apart?These characteristics are referred to as VRINs, or valuable, uncommon, unique, and non-replaceable: For a corporation to use a resource to create value—either by outperforming competitors or fixing internal issues—it must be useful.
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which of the following is a trade barrier that forbids buying and selling a certain good with a certain country?
An embargo is a trade barrier that forbids buying and selling a certain good with a certain country. It acts like a bridge between the countries.
A government, a collection of countries, or an international organization will frequently impose an embargo as an economic sanction. Embargoes can halt all trade or only specific sorts of it, like the importation of firearms.
Trade limitations are frequently implemented to protect domestic enterprises and employees. Protectionism is the term for this action. Embargoes are regarded as harsh diplomatic sanctions that governments use in an effort to obtain a particular result that is in their best interests.
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A player displays imperfect recall if at some point in the game he does not know ings that he previously Knew perfect recall, so a player who knows something at one point in the game will know it at any later point in the game. Explain why the game tree in below violates the assumption of perfect recal
The game tree in the image you provided appears to be a two-player extensive form game, which is a mathematical representation of a sequential decision-making problem.
In this type of game, players take turns making decisions based on the current state of the game, and their decisions determine the subsequent state of the game. Perfect recall is a key assumption in extensive form games, and it means that at any point in the game, a player knows all the information about the game that has been revealed so far. In other words, a player who knows something at one point in the game will know it at any later point in the game.
However, the game tree in the image appears to violate the assumption of perfect recall because there is no clear way to determine which player should play the move in the second round. This means that a player may not know what decisions the other player has made in the first round, and thus may not be able to make an informed decision in the second round.
In conclusion, the game tree in the image violates the assumption of perfect recall because it does not clearly specify the players' information sets at each point in the game, which is a requirement for a game with perfect recall.
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Extraction is easier than inception, and inception seems significantly more devious and potentially dangerous - why?
Extraction is easier than inception because it involves the straightforward removal of information, while inception requires planting an idea into someone's mind, which is more complex and has potential ethical implications.
Inception refers to the idea of planting an idea into someone's mind so that it becomes their own belief, as opposed to simply convincing them of something. This process requires a deep understanding of the person's thoughts, motivations, and beliefs, and is therefore much more complex and challenging than simply extracting information from them.
Additionally, there are ethical implications to consider, as the implanted idea may not be true or in the best interest of the person, potentially leading to negative consequences. On the other hand, extraction is simply the act of removing information, which is a more straightforward process that raises fewer ethical questions.
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Explain how the production possibilities curve model shows the concept of opportunity cost.
Answer:
The production possibilities curve (PPC) is a graphical representation of the maximum combinations of two goods that a society can produce given its resources and technology. The PPC is typically drawn as a curve, with each point on the curve representing a different combination of the two goods.
The concept of opportunity cost is shown in the PPC model because the curve represents the trade-off between producing one good versus another. The slope of the PPC represents the opportunity cost of producing one good in terms of the other good. The opportunity cost is the value of the next best alternative that must be given up in order to produce one more unit of a good.
which of the following is not a feature of the separate entity concept?.A.Business and owner are treated as separate entities.B.personal affairs of the owner should not be considered.C.Business should not be dissolved in the near future.D.This concept is followed in all types of business.
The separate entity concept does not include the qualification that "business should not be dissolved in the near future."
What is the separate business entity?A legal principle known as the separate business entity concept treats a company as a unique and independent entity from its owner (s). According to this idea, the company has a distinct legal identity from its owner (s). The company can now sign contracts, file lawsuits or defend them, own property, and take part in other legal actions under its own name. Furthermore, decisions regarding the business shouldn't be based on the owner(s)' private affairs. A crucial idea in business law, the separate entity concept aids in establishing stability and predictability in business relationships and transactions. It is a widely accepted rule that businesses of all stripes, including corporations, limited liability companies, and partnerships, abide by.
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One drawback of niche marketing is that a company may have to raise the price of its product due to the smaller volume of sales it can expect.
a. True
b. False
One drawback of niche marketing is that a company may have to raise the price of its product due to the smaller volume of sales it can expect. This statement is False.
A precisely focused form of advertising is niche marketing. With niche marketing, companies target a narrow, well-defined clientele with the promotion of their goods and services. In order to assist a community that is underserved and gain the benefits of brand loyalty, several organizations use this method. Companies must first comprehend their specialty in order to engage in specialized marketing. Subsets of bigger markets that fit the concept of a niche market have their own distinctive tastes and needs. Through niche marketing, businesses may appeal directly to their target market while also understanding their particular demands. Many social media platforms have upgraded their targeting tools expressly for niche markets because niche marketing is about creating the right connections.
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If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are:a. complementsb. substitutesc. unrelated goods
Answer:
complements
Explanation:
if the increase in price of a good positively effects another good, they are directly related, and thus are complimentary goods -- they go together
FILL IN THE BLANK. __ are the costs incurred by manufacturers to produce their products or incurred by merchandisers to purchase their products.
_Product costs_ are the costs incurred by manufacturers to produce their products or incurred by merchandisers to purchase their products.
Product costs are the expenses producers incur to make their goods or expenses merchandisers incur to buy their goods.
Costs incurred by manufacturers to make their products or by merchandisers to purchase their items, respectively, are referred to as production costs or purchase costs. These expenses may be direct (such as those for labour, raw materials, and production overhead) or indirect (such as those for marketing, shipping, and distribution). A product's overall production or acquisition costs play a significant role in determining its price and profitability, thus businesses must carefully control these costs to stay competitive in the market.
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Which of the following are financial assets? (all that apply)
a.) A patent
b.) A bond
c.) A share of stock
d.) A barrel of oil
b. A bond and c. A share of stock are financial assets
A bond, a specific type of financial security, represents the loan granted by a buyer to a borrower. The Borrower guarantees periodic interest payments to the Investor and complete repayment of the Bond at the Bond's Maturity. These are sometimes viewed as investments with little risk due to interest payments on them being frequently fixed and the lender is expected to reimburse the grant's face value when it matures.
An equity stake in a company is represented by a share of stock. An individual who owns stock has a modest ownership stake in the company and is eligible to receive a share of its assets and earnings. The success of the company and projections of its future performance define a stock's value. Bonds are often thought of as less risky investments than stocks, whose value can vary dramatically depending on a number of variables, such as the performance of the firm, the state of the economy, and market movements.
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(financial application: calculate tips) write a program that reads the subtotal and the gratuity rate, then computes the gratuity and total. for example, if the user enters 10 for subtotal and 15% for gratuity rate, the program displays $1.5 as gratuity and $11.5 as total. sample run
Give the subtotal and the percentage of the tip: 10 15 The total program is $11.5, including the $1.5 gratuity. Exercise02 05 public class, the class name Scanner input = new Scanner(System.in); / Create a new Scanner object. Exercise02 05 public static void main(String[] args)
A computer programme is a set of instructions written in a programming language that a computer is supposed to obey. Computer programmes are one of the components of software, which also includes documentation and other intangible components. The version of a computer programme that humans can read is called the source code. Source code must be run by another programme because computers can only execute their native machine instructions. The program's succession of instructions are carried out sequentially by the computer. Frequently, the programme is kept in a place that the computer can access.
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When a production possibilities frontier is bowed outward, as more of one good is produced, its opportunity cost:a. increases.b. decreases.c. might increase, decrease, or remain constant depending on how much people value the additional units of the goodd. remains constant.
When a production possibilities frontier is bowed outward, as more of one good is produced its opportunity cost a. increases.
The production possibilities frontier is the curve that depicts the greatest quantity of commodities that an economy can create given finite resources. It displays various combinations of two commodities that an economy can generate if all available resources are used.
The PPF's bowed-outward shape shows increasing opportunity costs of production since it suggests that producing the good on the x-axis is getting increasingly expensive. The growing steepness of the PPF represents this higher expense.
Scarcity is implied by the decreasing slope of the production possibilities curve. The production possibilities curve's bowed-out shape derives from resource allocation based on comparative advantage. Such a distribution means that the law of increasing opportunity cost applies.
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if a project manager adds resources to get a project behind schedule back on track, what is likely to increase is that too
If project manager adds resources to get project behind schedule back on track, budget allocations for the resources is likely to increase is that too.
What are budget allocations?Budget allocations are the sums that each department receives from the general fund to carry out its strategic plans. Budget allocation divides department spending into an authorized maximum per resource for each department, whether it be for software, contractor or freelance help, or advertising costs for a marketing campaign. Budget allocation boosts overall effectiveness since department leaders can add seats for software, expense specific pieces of equipment, and assign work to freelancers without obtaining permission. Each department is given the freedom to choose when and how to use the money by dividing the budget into broad categories. While it's generally accepted that saving money is a positive thing, it's likely that departments won't get the same budgetary support in the upcoming cycle.
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Which of the following describes the correct treatment of the exercise of nonqualified
stock options (NQOs)?
A) Financial—expense value over vesting period; tax—deduct bargain element at exercise.
B) Financial—no expense; tax—deduct bargain element at exercise.
C) Financial—expense value over vesting period; tax—no deduction.
D) Financial—no expense; tax—no deduction.
The correct treatment of the exercise of nonqualified stock options (NQOs) is a financial expense over the vesting period, and a tax deduction for the bargain element at exercise. Option A is correct.
This means that the employee must recognize the fair market value of the option at the time of exercise as a taxable income, and the difference between the exercise price and the fair market value of the option must be recognized as an expense over the vesting period.
The company is also allowed to deduct the bargain element (the difference between the exercise price and the fair market value of the option) as an expense at the time of exercise. This is different from incentive stock options, which are not taxed at the time of exercise.
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Suppose that the price of apples is $3 and the price of 1 slice of pizza is $1. What is the opportunity cost of consuming 2 additional apples?
The opportunity cost of consuming 2 additional apples will be the difference between the price of 2 apples and one slice of pizza. Thus, the opportunity cost is $5.
What is opportunity cost?The opportunity cost of a particular activity in microeconomic theory is the value or benefit given up by engaging in that activity in comparison to engaging in an alternative activity. More specifically, it means that if you choose one activity, you forfeit the opportunity to do another.
To properly assess opportunity costs, the costs and benefits of each available option must be considered and weighed against one another.
Opportunity Cost=FO−CO
where:
FO=Return on best forgone option
CO=Return on chosen option
The opportunity cost in this case is:
Opportunity Cost= $3×2 -$1 =$5
Therefore, the opportunity cost of consuming 2 additional apples is $5.
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It is important to consider the reputation of local schools in collecting information for a comparative market analysis because
A) sellers often have inaccurate ideas about local schools and need help learning the facts.
B) school quality is one of the market factors the seller and seller's agent will be required to disclose to a buyer.
C) school quality is just one of many bits of information buyers need to know about.
D) school quality is the top priority for some home buyers: good schools raise property values in the district.
It is important to consider the reputation of local schools for a comparative market analysis because D) school quality is the top priority for some home buyers: good schools raise property values in the district.
A comparative market analysis (CMA) determines the value of a home based on previously sold, comparable properties in the immediate region.
CMA reports are created by real estate agents and brokers to assist sellers in setting listing prices for their houses and to assist buyers in making competitive offers.
You may also conduct your own comparative market analysis by searching for comparable homes (known as "comps") on real estate listing websites. A comparative market analysis assists sellers in determining the optimal listing pricing for their properties.
The "best" price is one that is neither too low nor so high that the home will not sell. For purchasers, a CMA may confirm whether a home is in the right price range and assist in determining a competitive offer.
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which of the following is not a component of a strategy statement as defined by collis and rukstad? a. the objective of the business.
b. the scope of the business.
c. the customer value proposition.
d. the mission of the business.
(D) According to Collis and Rukstad, a strategy statement does not include the company's objective.
A good strategy, according to Collis and Rukstad, necessitates that everyone in the business is aware of what it is and has a clear mission statement.
Three components of a strong strategy statement, according to Collis and Rukstad:
1) Objective - It establishes a goal and a deadline for achieving it.
2. scope - It is a region of the terrain where the company conducts business. Customers, products, location, and vertical integration are all included.
3. Benefit - The alignment of internal activities and the value proposition for the buyer are what generates value.
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once the research problem and objectives have been defined, should the researcher determine the proper information needed and present it to management. True or False
After defining the study topic and objectives, the researcher should determine the necessary information and offer it to management. This statement is true.
Once the research problem and objectives have been defined, the researcher should determine the proper information needed and present it to management.
This is an important step in the research process as it helps to ensure that the research is focused and well-directed. By identifying the specific information needed, the researcher can focus their efforts on collecting and analyzing data that is directly relevant to the research problem and objectives.
Presenting this information to management is also important as it helps to ensure that the research is aligned with the organization's goals and objectives. Management can provide feedback on the information needed and offer suggestions on how to improve the research design. This interaction can also help to ensure that the research results will be useful and relevant to the organization.
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section 3 assignments modules 10-15 module 10 featured worksheet 1 circular flow 1. give examples of an economic transaction that you have made that could represent each of the arrows on this circular flow model of the closed private economy.
Companies paying wages and salaries to households, Households contributing labour to firms, and Firms selling products and services to households are only a few instances of economic transactions that might represent each of the arrows in the closed private economy's circular flow model.
Hence, option (d) is correct choice.
The closed private economy's circular flow model is a visual representation of the movement of commodities, services, and money in an economy.
The model is made up of two major components: homes and businesses. The model's arrows depict the movement of products, services, and money between these two components. Here are some examples of economic transactions that might be used to represent each arrow in the circular flow model:
Household expenditure on firm-produced products and services (money transfer from households to firms): If you buy a cup of coffee from a café, for example, this transaction symbolises the flow of money from households (you) to enterprises (the café).
Firms that pay wages and salaries to households (money transfer from firms to households): If you work for a company and earn a paycheck, for example, this transaction symbolises the movement of money from corporations to households (you).
Households giving labour to companies (service flow from households to firms): If you work for a company, your labour is a service that you give to the firm.
Firms that offer products and services to consumers (flow of commodities and services from firms to consumers): If you buy something from a store, for example, this transaction illustrates the movement of products and services from companies (the store) to households (you).
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The missing option may be:
Firms paying wages and salaries to households
Households providing labor to firms
Firms selling goods and services to households
All of the above
Match the following characteristics to the appropriate product type or capabilities modelProduct characteristics: unpredictable demand, many changes, high product variety, price markdowns, short lead-times, high profit marginSupply chain capabilities model characteristics, high cost, low utilization, minimum inventory, flexible suppliersSupply chain capabilities model characteristics, low cost, high utilization, deployed inventory, low-cost suppliers
Product characteristics: predictable demand, few changes, low product variety, price stability, long lead-times, low profit margin
- responsive model- innovative products- functional products- efficient model
Product characteristics: unpredictable demand, many changes, high product variety, price markdowns, short lead-times, high profit margin -> responsive model
Product characteristics: predictable demand, few changes, low product variety, price stability, long lead-times, low profit margin -> efficient model
Supply chain capabilities model characteristics, high cost, low utilization, minimum inventory, flexible suppliers -> innovative products
Supply chain capabilities model characteristics, low cost, high utilization, deployed inventory, low-cost suppliers -> functional products
The responsive model is designed for products with high levels of uncertainty and variety, and the focus is on agility and flexibility.
The supply chain is characterized by high costs, low utilization, and minimal inventory, but flexible suppliers help the company to quickly respond to changes in demand.
The efficient model, on the other hand, is designed for products with predictable demand, low levels of change, and low product variety. The focus is on cost-effectiveness, and the supply chain is characterized by low costs, high utilization, deployed inventory, and low-cost suppliers. The efficient model is often used for functional products with low profit margins.
Complete question is provided in the image below.
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Hey Brainly! I need help with my personal financial planning homework. My teacher said for us to answer the question: once you make three long-term financial goal, how do these long-term financial goals match with the lifestyle you plan to live? I'm unsure how our financial goals can match with the lifestyle we plan to live. Can someone explain, please?
Note that when you make financial long-term goals, you have to create a type of lifestyle that matches with these goals. For example, you may need to cut down on some kind of expenses such as entertainment while you focus on spending on acquiring high-income skills that help you to attain your long-term financial goals.
What are example of high-income skills that can help you attain your financial goals?Some examples of high-income skills are:
User experience.Web development.Project management.Account management.Content creation and management.High-income talents are those that generate a lot of money. And these abilities necessitate the use of mental energy to tackle high-income situations. Similarly, career-relevant talents are those that are no longer useful towards the conclusion of one's career.
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Suppose we have the following information and sequence of events for the coffee market in Ethiopia: • Initially at the first equilibrium P=$20 and Q=20 • A flood hits Ethiopia and destroys coffee farm land • On the new supply curve at P=$20 quantity supplied is Qs=10 • The forces of supply and demand equilibrate the market at P=$35 and Q=15 Questions: After the shift was there excess demand or excess supply? There was neither excess supply nor excess demand. Excess demand initially, but then it changed to excess supply. Excess demand Excess supply
Choose one to describe a market that is in equilibrium: a. neither an excess of supply nor a surplus of demand exists.
The idea's origin in the physical sciences must be emphasized. Imagine a mechanism that keeps the physical forces in their proper balance. This statement indicates that nothing else economically changes. general stability feature, Consistent agent behavior is an equilibrium property. P2 of the equilibrium states claims that no actor has a motivation to alter their behavior. According to equilibrium property P3, equilibrium is the result of a dynamic process (stability). Taking competitive equilibrium as an example. To define a market that is balanced, pick one of the following: A. There is neither an oversupply of goods nor a surplus of demand. If no economic agent's strategy can change a condition, it is considered to be in economic equilibrium.
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If your company were to have a cost of goods sold expense lower than the sales revenue during the month of December, what would your result be for the month?
Net loss
Net income
Expenses > revenue
Net profit
Answer:
Explanation:
If the cost of goods sold expense for a company is lower than the sales revenue during the month of December, then the company would have a positive result or a profit for the month. This means that the company's revenue from sales was greater than the cost of the goods that were sold, leading to a surplus. The profit would be calculated by subtracting the cost of goods sold from the sales revenue. The company's ability to generate a profit is a positive indicator of its financial health and can provide funds for growth and expansion