in a perfectly competitive industry, the market price of the product is $12. a firm produces at a level of output where average total cost is $16, marginal cost is $16, and average variable cost is $8. to maximize its profit, the firm should

Answers

Answer 1

To maximize its profit, the firm should decrease output but keep producing.

In a market with perfect competition, the equilibrium price of the good is established by the interaction of the market's total supply and total demand. The price at which market demand and supply are equal is referred to as the equilibrium price.

Four key traits make up a properly competitive market: price taking, homogeneous product offerings, unrestricted entrance and exit, and information accessibility. Pricing takers are businesses that are in ideal competition but have no control over the price. They therefore accept the price as being provided by the market.

According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.

To know more about equilibrium price, visit:

https://brainly.com/question/26075805

#SPJ4


Related Questions

Suppose that Albert can buy a bond for $1,000 that matures in two years and pays Albert $1,102. 5 with certainty. Today he is indifferent between this bond and one that has some risk but on which the annual interest rate is 3% higher. How much, to the nearest penny, does the riskier bond pay in two years?

a. $1,166. 40

b. $1,160. 00

c. $1,168. 65

d. $1,169. 64

Answers

Answer:

d

Explanation:

To find the amount that the riskier bond pays in two years, we need to determine what interest rate Albert would require to be indifferent between the two bonds.

Let's assume that the riskier bond pays an interest rate of r. Then the amount that it pays in two years is given by:

1000 * (1 + r/100)^2

Since Albert is indifferent between the two bonds, this amount must be equal to $1,102.5.

So we have:

1000 * (1 + r/100)^2 = 1102.5

We can solve for r by taking the square root of both sides and multiplying by 100:

r = 100 * sqrt(1102.5 / 1000) - 100

r = 100 * sqrt(1.1025) - 100

r = 100 * 1.0498 - 100

r = 4.98

So the interest rate on the riskier bond must be 4.98%.

Finally, to find the amount the riskier bond pays in two years, we can use the formula:

1000 * (1 + 4.98/100)^2 = $1,169.64 (to the nearest penny).

Thus, the answer is d) $1,169.64.

when the marketing research problem is not clearly defined, a researcher will likely engage in __________ research.

Answers

When the marketing research problem is not clearly defined, a researcher will likely engage in qualitative research.

Marketing research is the methodical gathering, logging, and analysis of qualitative and quantitative data about issues pertaining to the marketing of goods and services. The goal is to identify and assess the impact that changing elements of the marketing mix have on consumer behavior. Marketing research offers data that is relevant to decision-making, which helps marketing management. Marketing analysis neither determines the decisions nor ensures success.

An example of conducting market research online is noting the most recent information released on a particular subject.

Primary, secondary, quantitative, and qualitative disciplines were traditionally included in market research.

For such more question on marketing:

https://brainly.com/question/29811430

#SPJ4

a business will be able to protect its trademark for how long?

Answers

It is renewable indefinitely with the payment of additional fees. Trademark rights are private property rights that are enforced through the court orders.

All registered trade marks are valid for ten years from the date of registration. When a trade mark's validity period expires, it can be easily renewed by the  payment the Government's registration fee. Discover more about Trademark Renewal. In India, a trademark can be renewed for an indefinite period of time by paying the renewal fees, failing which the mark will be removed from the Register of trademarks. Each term of the renewal is for ten years.

To learn more about payment, click here.

https://brainly.com/question/15136793

#SPJ4

What effect will the return of merchandise to the supplier in event 2 have on Darlington's financial statements?

Answers

Due to the decrease in assets and net income caused by the return of goods to the supplier in event 2, this will have a negative effect on Darlington's financial accounts.

What is Darlington's financial statement?

The financial statements of Darlington are a group of documents that include data about the company's performance and financial health. These statements normally consist of the cash flow statement, income statement, and balance sheet. The balance sheet details the business's assets, liabilities, and equity as of a certain date.

The income statement displays the company's revenue, costs, and profit for a certain time period. The cash flow statement offers data on cash inflows and outflows, which aids in assessing the capacity of the business to create cash. All parties involved in the firm, including investors, lenders, and management, consult these financial statements before making choices.

To learn more about finance visit here:

https://brainly.com/question/14951563

#SPJ4

in what three ways is ford’s proposed vision statement better than the firm’s actual vision statement?

Answers

The proposed vision statement is better than the actual vision statement because it is clearer, more relevant, and more inspiring. These three factors make it easier for Ford to achieve its goals and continue to be a leader in the automotive industry.

Ford is an American multinational automaker that was founded in 1903. Over the years, the company has evolved and adapted to the changing times. One way it has done this is by updating its vision statement, which outlines its goals and aspirations for the future.

In this answer, we will compare Ford's proposed vision statement with its actual vision statement and discuss three ways in which the proposed vision statement is better.

Clarity: The proposed vision statement is more clear and concise than the actual vision statement. It clearly states the company's goals and objectives, making it easier for employees, shareholders, and customers to understand what Ford stands for.Relevance: The proposed vision statement is more relevant to today's market and the changing needs of consumers. It takes into account the current trends and advancements in technology, and positions Ford as a leader in sustainable transportation solutions.Inspiring: The proposed vision statement is more inspiring and motivating for employees, customers, and shareholders. It sets a clear direction for the company and inspires everyone to work together to achieve its goals.

To know more about Ford refer to-

brainly.com/question/30190169#

#SPJ11

how do changes to the federal funds rate affect the inflation rate?

Answers

The Federal Reserve, the central bank of the United States, uses changes in the federal funds rate to influence inflation.

When the Federal Reserve raises the federal funds rate, it makes borrowing more expensive for banks, which in turn raises interest rates for consumers and businesses.

This decrease in spending can help slow down the economy, reducing demand and potentially lowering inflation. Conversely, when the Federal Reserve lowers the federal funds rate, it makes borrowing cheaper, which can stimulate spending and increase demand, potentially leading to higher inflation.

However, the relationship between changes in the federal funds rate and inflation is complex and can be affected by many other factors.

To know more about federal funds

https://brainly.com/question/12138208

#SPJ4

nation action against her employer in federal district court. the employee alleges that she has not been promoted because of her gender. she intends to call a co-worker as a witness at trial. the co-worker will testify that a senior manager of the employer told the co-worker that the employee would not be promoted because the employer deemed women to be poor managers. is the identity of the co-worker subject to discovery by the employer?

Answers

The correct option is: C. Yes, the employee must disclose the identity of the co-worker even without any request from the employer, but need not provide a summary of her expected testimony.

There are two exemptions for this basic principle. In the event that your complaint includes age discrimination, you can skirt the administrative complaint process by and large and go straightforwardly to court (as long as you give EEOC no less than 30 days composed notice of your plan to go to court). Likewise, on the off chance that your case includes orientation based pay discrimination and you wish to bring an action under the Equal Pay Act, you can skirt the administrative complaint interaction and record a claim whenever in the span of two years of the day the discrimination happened (three years on the off chance that the discrimination is unyielding). Remember, however, Title VII additionally makes it against the law to separate in light of sex in the payment of wages and advantages. Assuming you have an Equal Pay Act guarantee, there might be a benefit to likewise documenting your case under Title VII. Before you can seek after a Title VII case in court, however, you should go through the administrative complaint process.

to know more about equal pay act click here:

https://brainly.com/question/14548141

#SPJ4

The complete question is:

An employee filed an employment discrimination action against her employer in federal district court. The employee alleges that she has not been promoted cause of her gender. She intends to call a co-worker as a witness at trial. The co-worker will testify that a senior manager of the employer told the co-worker that the employee would not be promoted because the employer deemed women to be poor managers.

Is the identity of the co-worker and the nature of her expected testimony subject to discovery by the employer?

A. Yes, the employee must disclose both the identity of the co-workker and a summary of her expected testimony, but only if the employer asks for the information in a appropriate discovery requests.

B. Yes, the employee must disclose the identity of the co-worker and a summary of her expected testimony, even without any request from the employer.

C. Yes, the employee must disclose the identity of the co-worker even without any request from the employer, but need not provide a summary of her expected testimony.

D. No, the co-worker's identity and her testimony consist of trial preparation materials and are subject to qualified immunity from discovery.

If you had to select one criteria for choosing amongst projects, which would you select?PaybackInternal Rate of ReturnReturn on InvestmentEither Payback or Internal Rate of ReturnNet Present Value.

Answers

If you had to select one criteria for choosing amongst projects, you would select the Net Present Value (NPV).

When evaluating different projects, it's important to consider different criteria to determine which project is the best investment. Some of the most common criteria used include Payback, Internal Rate of Return (IRR), Return on Investment (ROI), and NPV.

Payback is the amount of time it takes for an investment to recover its initial cost. The shorter the payback period, the better the investment is considered to be. However, payback only considers the time it takes to recover the initial investment and doesn't consider the future cash flows.

IRR is the rate at which the investment's net present value (NPV) becomes zero. In other words, it's the rate at which the investment's returns are equal to the initial investment. A higher IRR is generally considered to be a better investment. However, IRR can be misleading because it doesn't take into account the magnitude of the cash flows or the timing of the cash flows.

ROI is the ratio of the investment's net gain to the investment's cost. A higher ROI is generally considered to be a better investment. However, ROI doesn't consider the timing of the cash flows, only the total amount of the cash flows.

NPV is the difference between the present value of the cash inflows and the present value of the cash outflows. In other words, NPV considers the time value of money and calculates the present value of the future cash flows. A positive NPV indicates that the project is expected to generate more cash inflows than the initial investment, while a negative NPV indicates that the project is expected to generate less cash inflows than the initial investment.

For more such questions on project:

https://brainly.com/question/29564005#

#SPJ11

g (m) what happens to consumer surplus as a result of the merger? select one: a. consumer surplus increases. b. consumer surplus decreases. c. consumer surplus remains the same. d. it is not possible to say on the basis of the available information. e. it may increase or decrease based on the specific shape of the utility function of consumers. f. it will increase for some consumers and decrease for others.

Answers

It may increase or decrease based on the specific shape of the utility function of consumers.

A merger is a significant event for the market structure, as it can shift market power and affect the price, quantity supplied and quantity demanded of a good.

Depending on these changes, consumer surplus may increase, decrease or remain the same. For instance, if the price of a good decreases and the quantity demanded increases, consumer surplus will increase.

Conversely, if the price increases and the quantity demanded decreases, then consumer surplus will decrease. The exact outcome of the merger on consumer surplus is dependent on the specific shape of the utility function of consumers. If demand's price elasticity is high, a merger-induced price drop will result in more consumer surplus.

On the other hand, if the price elasticity of demand is low, then a decrease in price may not result in an increase in consumer surplus. Thus, it is not possible to predict the impact of a merger on consumer surplus without considering the specific shape of the utility function of consumers.

To learn more about consumer surplus visit:

https://brainly.com/question/13573671

#SPJ4

TRUE/FALSE. when compared to the country of origin principle, the country of reception approach to jurisdiction over internet transactions

Answers

When compared to the country of origin principle, the country of reception approach to jurisdiction over internet transactions, requires business managers to have more knowledge about various laws of different countries.

It is untrue that, in a matter involving online transactions, jurisdiction is only appropriate when the defendant engages in considerable online business activity in the relevant jurisdiction. A legal problem known as jurisdiction online transaction aims to resolve or support court jurisdiction over a lawsuit or disagreement involving a foreign defendant. In this case, the general rule is that proving jurisdiction over a defendant by showing them accessing a website is insufficient. Therefore, there must be more than one interaction in addition to the availability of a website for a court to legitimately exercise jurisdiction over a foreign defendant in Internet-based transactions.

learn more about jurisdiction of court here:

brainly.com/question/10377896

#SPJ4

Coronado Corporation has retained earnings of $723,800 at January 1, 2020. Net income during 2020 was $1,406,200, and cash dividends declared and paid during 2020 totaled $79,200. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $89,860 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first. )

Answers

A retained earnings statement is a summary of the changes in a company's retained earnings over a specified period of time. It can be used to track the movement of the company's earnings from one period to the next.

Here is the retained earnings statement for Coronado Corporation for the year ended December 31, 2020:

Retained Earnings Statement

For the Year Ended December 31, 2020

Retained earnings, January 1, 2020: $723,800

Add: Net income for 2020: $1,406,200

Less: Cash dividends declared and paid during 2020: $(79,200)

Corrected retained earnings, December 31, 2020: $2,050,800

The error that was discovered needs to be corrected by adjusting the retained earnings for the previous year, 2019. The correction will be to add back the land cost that was charged to maintenance and repairs expense in 2019.

Retained earnings, January 1, 2020 (corrected): $813,660

Add: Net income for 2020: $1,406,200

Less: Cash dividends declared and paid during 2020: $(79,200)

Retained earnings, December 31, 2020 (corrected): $2,140,660

The corrected retained earnings statement accurately reflects the company's financial position and allows stakeholders to make informed decisions about the company's future.

For such more question on retained earnings

https://brainly.com/question/25631040

#SPJ4

what are the implications of this idea for the shape of the production possibilities​ frontier?

Answers

The producing potential's border will bowed outward. The production possibilities frontier frequently slopes downward because there is a trade-off between the products produced as a result of the limited resources.

Producing something from parts or raw materials is known as the production process. In other words, manufacturing is the process of taking inputs and turning them into an output that is fit for consumption—a good or product that has value for the end-user or consumer. Essentially, it basically refers to a production procedure or its outcome. Manufacturers are what economists refer to as producers. These companies manufacture products, which they subsequently sell to customers. As an example, a clothing company creates clothing for its clients. Production is a systematic process that transforms raw resources into finished products and services with the objective of satisfying market demand.

Learn more about production here

https://brainly.com/question/16755022

#SPJ4

a common identifiable element in buying centers in all sectors of the industrial market is: a. the accounting function. b. the purchasing function. c. the production function. d. the chief executive officer. e. the engineering function.

Answers

The common identifiable element in buying centers in all sectors of the industrial market is the purchasing function. The purchasing function refers to the individuals or groups within an organization who are responsible for making decisions about buying goods or services.

In the industrial market, the purchasing function is typically comprised of purchasing agents or buyers who are responsible for sourcing and purchasing products for the organization.

In a buying center, purchasing is not the only function that is involved in the decision-making process. Other functions such as engineering, production, accounting, and senior management also play a role in evaluating and selecting suppliers, products, and services. However, the purchasing function is the common element that is present in all buying centers and plays a central role in the decision-making process.

The purchasing function is responsible for many tasks, including conducting market research to identify potential suppliers, evaluating suppliers based on factors such as price, quality, delivery, and service, negotiating contracts and agreements with suppliers, and managing supplier relationships. They must also ensure that the products or services purchased meet the needs of the organization, and that they are delivered on time and within budget.

The purchasing function is critical to the success of buying centers in the industrial market. They help to ensure that the organization makes informed decisions about buying products and services, and that the best possible value is obtained for the organization. By working closely with other functions in the buying center, such as engineering, production, and accounting, the purchasing function can help to ensure that the needs of the organization are met and that the buying process runs smoothly.

In conclusion, the purchasing function is a common identifiable element in buying centers in all sectors of the industrial market. It plays a central role in the decision-making process and is responsible for many tasks, including sourcing and purchasing products and services, negotiating contracts and agreements with suppliers, and managing supplier relationships. The purchasing function is critical to the success of buying centers and helps to ensure that the organization makes informed decisions about buying products and services.

To know more about industrial market: https://brainly.com/question/7477307

#SPJ4

best buy’s financial statements, dated february 2, 2019, report total assets of $11,869 million and total liabilities of $7,964 million.a. why might best buy have chosen february 2 as a year‑end date?

Answers

Best Buy likely chose February 2 as its year-end date to coincide with the end of their fiscal year. This is a common practice for companies, as it allows for the most accurate and up-to-date financial information to be reported.

By using February 2 as its year-end date, Best Buy is able to accurately report on the results of their financial performance for the entire year, which is important for investors and stakeholders.

Furthermore, by having a clear cut-off date for its financial statements, Best Buy is able to better monitor its financial health and maintain accurate accounting records. This, in turn, can help the company better manage its finances and make more informed decisions.

know more about financial statements here

https://brainly.com/question/14951563#

#SPJ11

zeff co. prepared the following reconciliation of its pretax financial statement income to taxable income for the current year ended december 31, its first year of operations:

Answers

The deferred tax liability to be recognized is: $900,000

A deferred tax liability is a listing on a company's balance sheet that records taxes that are owed but are not due to be paid until a future date. The liability is deferred due to a difference in timing between when the tax was accrued and when it is due to be paid.

The estimated litigation expense of $3,000,000 will be multiplied by the income tax rate for all the years which is 30%.

($3,000,000 × 30%) = $900,000

Therefore the deferred tax liability to be recognized is:$900,000

To learn more on deferred tax liability, visit:

https://brainly.com/question/15682961

#SPJ4

complete question

zeff co. prepared the following reconciliation of its pretax financial statement income to taxable income for the current year ended december 31, its first year of operations:Pretax financial income $ 1,200,000 Estimated litigation expense 3,000,000 Installment sales profit (2,400,000) Taxable income $ 1,800,000 The estimated litigation expense of $3,000,000 will be deductible in 2019 when it is expected to be paid. The gross profit from the installment sales will be realized, and thus taxed, in the amount of $1,200,000 in each of the next two years. The income tax rate is 30% for all years. The deferred tax liability to be recognized is:

n a pure command economy, the prices at which goods and services are sold are planned by the multiple choice world trade organization. consumers. private monopolists. government. producers.

Answers

The correct option is C. In a pure command economy, the prices at which goods and services are sold are planned by the government. This means that instead of the market determining prices and supply and demand, the government intervenes and makes decisions about what prices and amounts of goods should be sold and purchased.

This type of economy is often associated with centrally-planned economies in which the government controls virtually all aspects of production and consumption. The government will determine the prices at which goods and services are sold, as well as the amounts that should be produced and sold. This type of system is different from a market economy in which prices and production are determined by the interaction of buyers and sellers.

To know more about pure command economy click here

https://brainly.com/question/30159870

#SPJ4

the law of demand refers to the

Answers

The amount of a commodity or service that is required and its price are correlated, with a rise in price leading to a drop in quantity desired and vice versa.

What is Law of Demand?

The Law of Demand asserts that when an item or service's price rises, less of it will be sought by customers, and vice versa. In other words, the connection between price and quantity requested is inverse. As costs increase, customers start seeking for alternatives that provide a better value for their money. The law of demand makes the assumption that all other elements, such as income, preferences, and tastes, which may impact demand, would remain unchanged. The law is a fundamental economics idea that aids in comprehending market behavior and informing decisions regarding price and output.

To learn more about demand visit here:

https://brainly.com/question/29761926

#SPJ4

if+the+project’s+cost+of+capital+is+10%,+should+the+spectrometer+be+purchased?

Answers

It depends on the expected return on investment (ROI) of the spectrometer compared to the cost of capital of 10%. If the ROI is higher than 10%, it is a good investment, otherwise, it may not be worth the investment.

Cost of capital refers to the opportunity cost of investing in a particular project or asset. It is the return that could have been earned by investing in an alternative investment with similar risk.

When a company is considering an investment, such as purchasing a spectrometer, it is important to compare the cost of capital with the expected return on investment (ROI) of that investment.

If the expected ROI is higher than the cost of capital, it is considered a good investment, as it will generate a positive return for the company. However, if the expected ROI is lower than the cost of capital, it may not be a wise investment, as the company will likely not earn a positive return and may even lose money.

In this case, the cost of capital is 10%, so the expected ROI of the spectrometer must be higher than 10% for it to be a good investment.

To know more about return on investment (ROI) here:

https://brainly.com/question/11913993#

#SPJ11

the rate of unemployment is found by dividing the: a. a labor force by the number of people looking for work. b. unemployed and discouraged. c. number of people looking for work by the population. d. number of people looking for work by the number of people looking for work plus the number of people employed.

Answers

The unemployment rate for any location is calculated by dividing the number of locals who are unemployed and actively looking for work by the total local workforce.

By dividing the number of jobless people by the entire labor force, multiplied by 100, we may determine the unemployment rate. The percentage of unemployed people in the labor force is known as the unemployment rate. One must be out of work and actively seeking employment in order to be classified as jobless. To find the proportion of people who are unemployed, divide the number of unemployed people by the total work force, multiply the result by 100.

Learn more about workforce, from:

https://brainly.com/question/28843491

#SPJ4

What is the margin in Dée's account when she first purchases the stock?

Answers

The answer is 8,000$, The stock is purchased for $40 × 300 shares = $12,000. Given that the amount borrowed from the broker is $4,000, Dee's margin is the initial purchase price net borrowing: $12,000 – $4,000 = $8,000.

What does the term "stock" mean?

A stock is a type of security that denotes a portion of ownership in a business. A share of a firm is what you purchase when you buy its stock. Investors buy stocks in firms they believe will increase in value. The value of the company's stock rises as a result.

How are stocks made to be profitable?

Stocks are ownership interests in publicly traded companies. Companies sell them on stock exchanges to raise capital, and investors buy and sell them based on their ability to appreciate in value or pay dividends. You can increase your wealth and accomplish your long-term financial objectives by purchasing and owning stocks.

To know more about Stock visit:

https://brainly.com/question/29992015

#SPJ4

Three kilo of quid can be purchaed at the market for php 180 what will be the cot of 15 kilo of quid

Answers

Three kilo of quid can be purchaed at the market for php 180,The cost of 15 kilo of quid is 900.

What is the cost called?

Cost is the amount of money spent by a business to produce or provide goods or services. It excludes the profit margin markup. Cost is the sum of money spent on making a thing or product, as seen from the seller's perspective.

Three kilo of quid can be purchaed at the market for php 180

180 / 3 * 15 = 60

Lone kilo Php boy. = 60 * 15 = 900 ( simple operation)

=900

Three kilo of quid can be purchaed at the market for php 180,The cost of 15 kilo of quid is 900.

To learn more about cost refer to:

https://brainly.com/question/481029

#SPJ4

T/F economics is the study of how society manages its unlimited

Answers

The answer is true, economics is the study of how society manages its unlimited resources is true.

What is the best way to define economics?

Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.

What, in plain terms, does economics mean?

There are numerous definitions for economics. It is either the study of scarcity, the study of resource consumption and incentive response, or the study of decision-making. It frequently touches on matters of wealth and finance, but it's not only about money.

To know more about Economics visit:

https://brainly.com/question/14787713

#SPJ4

FILL THE BLANK. costs assigned to units of product in absorption costing include ______ manufacturing costs.

Answers

Costs assigned to units of product in absorption costing include both variable and fixed manufacturing costs.

What are manufacturing costs?

The expenses incurred during the creation of a product are known as manufacturing costs. Direct material, direct labor, and manufacturing overhead expenditures are included in these expenses.

Normally, the costs are shown as separate line items in the revenue statement. These expenses are incurred by an entity during the production process.

The materials employed in a product's construction are referred to as direct materials. The amount of the production process's labor costs that is specifically attributed to a unit of production is known as direct labor.

The application of manufacturing overhead costs to units of production depends on many alternative allocation schemes, such as the number of direct labor hours or machine hours used.

Learn more about manufacturing costs, here

https://brainly.com/question/17111259

#SPJ1

catherine is an assistant trainer at smartproof inc. she is working on a training manual to help new users learn how to operate the company's editing platform. employees will use the manual as a learning tool in training seminars. the manual will also serve as an on-the-job reference. the senior trainers and system analysts who designed the editing platform are expected to offer their comments on catherine's draft. in this scenario, the system analysts represent the

Answers

The analysist done by Catheine represents the Secondary Audience system analysist.

Secondary audience refers the to gous of people who are not directly related to the object of analysist but can influence the behaviour of the primary audience. Secondary audience is different from the primary audience because the primary audience is the audience with the decision making ability over an object.

In this case, the primary audience of the training manual is the employees who will use the manual as their learning tools. Hence, the senior trainers and system analysts who will not use the manual as their learning tools are the secondary audience. Any decision made by senior trainers and system analysts could influence the behavior of employees related to the new manual.

Learn more about Secondary Audiences here: brainly.com/question/24153249

#SPJ4

why 10 strategic operations management decisions are used

Answers

These decisions are: Design of goods and services,  Quality management,  Process and capacity design,  Location strategy,  Layout design and strategy,  Human resources and job design,  Supply chain management,  Scheduling,  Maintenance and reliability

Design of goods and services: This decision is about how to design the products or services that the organization will offer to customers.Quality management: This decision focuses on ensuring that the products and services meet or exceed customer expectations.Process and capacity design: This decision involves deciding how to design the production process and determining the capacity needed to produce the goods and services.Location strategy: This decision involves choosing the location for the organization's facilities, including production sites and distribution centers.Layout design and strategy: This decision focuses on designing the physical layout of the organization's facilities to optimize the flow of goods and services.Human resources and job design: This decision involves choosing the best employees for the organization and designing the jobs they will perform.Supply chain management: This decision involves managing the flow of goods and services from suppliers to customers.Inventory management: This decision involves managing the inventory of goods and materials to ensure that the organization has enough stock to meet customer demand.Scheduling: This decision involves determining the best schedule for producing the goods and services.Maintenance and reliability: This decision involves maintaining the organization's equipment and facilities to ensure they continue to operate at peak efficiency.

The 10 strategic operations management decisions are used to help organizations make informed decisions that align with their overall business strategy and help them achieve their desired outcomes.

Read more about strategic operations management

https://brainly.com/question/26322690#

#SPJ11

Which of Ebony's personal characteristics (traits, abilities, personalities, or styles) inhibit her effective management of time?

Answers

Firstly, Ebony might have a tendency to procrastinate.

Procrastination is the act of delaying tasks or activities until the last minute. This habit can lead to a feeling of stress and anxiety, causing Ebony to lose focus and time management skills.

Another personal characteristic that might be affecting Ebony's time management is her tendency to be disorganized.

Disorganization can lead to a lack of planning and prioritization, which are crucial elements of effective time management.

To read more about Procrastination,  visit- https://brainly.com/question/533589

#SPJ11

the following information was taken from the accounting records of elliott manufacturing corp. unfortunately, some of the data were destroyed by a computer malfunction. sales revenue $ 58,000 finished goods inventory, beginning 9,000 finished goods inventory, ending 6,000 cost of goods sold ? gross margin 25,000 direct materials used 10,000 selling and administrative expense ? operating income 14,000 work-in-process inventory, beginning ? work-in-process inventory, ending 5,000 direct labor used 9,000 factory overhead 12,000 total manufacturing cost ? cost of goods manufactured ? cost of goods manufactured is calculated to be:

Answers

In the case of misplaced accounting records:

The cost of goods manufactured is calculated to be 11,000

SGA = Gross - Operating Income

11000 = 25,000-14000

COGS = Sales revenue - Gross $33000

COG Manufactured = COGS + Finished Ending - Finished Beginning $30,000

Total Man Cost = Direct material + Direct labor + Overhead $31000

Beg WIP = COG Man + Ending WIP - Total Man Cost $4000


What is accounting records?

Accounting records are important sources of data and proof needed to create, check, and/or audit financial statements. They also comprise proof of financial and non-financial activities, as well as documents to demonstrate asset ownership for the purpose of creating obligations.
Physical or digital accounting records are both acceptable.

In certain states, accounting organisations establish regulations on how to handle documents from the standpoint of financial statement presentation or auditing. Various nations have different laws, and each industry has its own set of record-keeping regulations.

Accounting records are necessary for all forms of accounting, including financial accounting and cost accounting, as well as for various business entities, such as corporations, partnerships, LLCs, and not-for-profit organisations as well as for-profit businesses.

Accounting records come in a variety of formats, including (among others):

Ledgers\sJournals Financial records Agreements and agreements Verification claims receipts for travel Invoices\sVouchers

To learn more about accounting records from the given link

https://brainly.com/question/26690519
#SPJ4


the following information was taken from the accounting records of elliott manufacturing corp. unfortunately, some of the data were destroyed by a computer malfunction. sales revenue $ 58,000 finished goods inventory, beginning 9,000 finished goods inventory, ending 6,000 cost of goods sold ? gross margin 25,000 direct materials used 10,000 selling and administrative expense ? operating income 14,000 work-in-process inventory, beginning ? work-in-process inventory, ending 5,000 direct labor used 9,000 factory overhead 12,000 total manufacturing cost ? cost of goods manufactured ? cost of goods manufactured is calculated to be:

while conducting process capability analysis, the threshold value to comapre cpk and cp against to test if a process is 3-sigma capable is...

Answers

The Cpk meets 1.33 if the control limits are set to +/- 3 sigma and all data is contained within the control limits.

A system's statistical ability to fulfill a list of requirements or specifications is determined by a set of calculations known as capability analysis. A set of data is needed to finish the calculations, typically produced by a control chart, though data can also be gathered explicitly for this reason. The results of a process capability analysis are used to determine if a manufacturing process can reliably create parts that fulfill specifications. Consider it to be comparable to a forecast. One of the key Six Sigma tools is the capability study. It provides information about our process capabilities and the likelihood that defects will be produced.

To learn more about capability analysis click here

brainly.com/question/15599267

#SPJ4

babe ruth, the famous baseball player, earned $80,000 in 1931. today, the best baseball players can earn more than 300 times as much as babe ruth earned in 1931. however, prices also have risen since 1931. we can conclude that

Answers

We can conclude that One cannot determine whether baseball starts today enjoy a higher standard of living than Babe Ruth did in 1931 without additional information regarding increases in prices since 1931. One of the reasons for the same is the unknown rate of inflation.

In order to determine whether baseball players today enjoy a higher standard of living than Babe Ruth did in 1931, one would need to take into account changes in prices since then, as well as changes in the cost of living and changes in the goods and services available to people. This information would provide a more complete picture of changes in the standard of living and allow for a more accurate comparison between Babe Ruth's standard of living and that of today's baseball players. It's important to consider factors such as inflation, purchasing power, and changes in technology and amenities when making comparisons of this nature.

To read more about inflation, click on https://brainly.com/question/30109250

#SPJ4

The given question is incomplete. The complete question is as follows as:

Babe Ruth, the famous baseball player, earned $80,000 in 1931. Today the best baseball players can earn more than 400 times as much as Babe Ruth earned in 1931. However, prices have also risen since 1931. We can conclude that:

a. the best baseball players today are about 400 times better off than Babe Ruth was in 1931.

b. because prices have also risen, the standard of living of baseball stars hasn't changed since 1931.

c. one cannot make judgments about changes in the standard of living based on changes in prices and changes in income.

d. one cannot determine whether baseball starts today enjoy a higher standard of living than Babe Ruth did in 1931 without additional information regarding increases in prices since 1931.

Why is management an important discipline to​ study?

Answers

For management to apply easily in an association, all the functions starting from planning to organizing also staffing to directing and ending up with controlling is essential. thus, operation is considered as a discipline.

What's operation as a discipline of study?

operation as a discipline refers to that branch of knowledge which is connected to study of principles & practices of introductory administration. It specifies certain law of conduct to be followed by the director & also colorful styles for managing coffers efficiently.

To know more about management, visit: brainly.com/question/14523862

#SPJ4

Other Questions
Which action should the nurse implement to reduce the risk of vesicant extravasation in the client who is receiving intravenous chemotherapy? e. which logical unit of the computer makes logical decisions? The Roman Era and the Rise of Islam A History of Science in Society, the authors mention the connections between philosophy/science and religion in those cultures Why have religion and science been so intimately related in many different societies and cultures across the globe ? 1. The Governor General during the Revolt of 1857 A typing examination found that susan's typing accuracy was 93%. Which decimal number represents susan's typing accuracy?. AB has endpoint A(-3,-5)A(3,5) and midpoint M(2,-1)M(2,1).Find the coordinates (x,y)(x,y) of BB. PLEASE HELP QUICK HURRY!!!!!1. What is the domain of the equation?2. What is the range of the equation? (Same graph)Guys please help me Chemical substances that carry messages directly from one neuron to the next are called:(a) agonists. (b) neurotransmitters. (c) enzymes. (d) hormones. If a taco contains any three distinct items. There are 4 meat items and 8 non-meat items.1. If a three distinct item taco is made at random, what is the probability that the taco contains only non-meat items? Please show steps, thank you! The polygons are similar. The area of one polygon is given find the area of the other. V a medical assistant should be aware of ______________________________ that could indicate discomfort or pain. a large population of laboratory animals has been allowed to breed randomly for a number of generations. after several generations, 25% of the animals display a recessive trait (aa), the same percentage as at the beginning of the breeding program. the rest of the animals show the dominant phenotype, with heterozygotes being indistinguishable from the homozygous dominants. what proportion of the population is probably heterozygous (aa) for this trait and is the population evolving? a cord is a volume of cut wood equal to a stack 8 ft long, 4 ft wide, and 4 ft high. how many cords are in 1.0 m 3 ? XLaura had had enough of Nelly's arrogance and bragging.She pushed Nelly into the creek. She knew the creek wasfilled with leeches.A. Laura was tired of Nelly's arrogant bragging, so she pushed Nellyinto the creek, even though she knew it was full of leeches.B. Laura pushed Nelly into the leech-filled creek. This action wasbecause Laura was sick of Nelly's bragging.C. Although Laura knew the creek was full of leeches, she pushedNelly in anyway. Laura was tired of Nelly's arrogance and bragging.D. None of the aboveIf you dont get this right Im gonna come to your house Kaydence and beat you up in the first part of the excerpt, why does the narrator value escape from his work and feel a need for occasional relief? how is this helpful to him? the book thief by markus zusak Why is kinetic energy not conserved in inelastic collisions? What if, theoretically, there was an inelastic collision that did not generate any heat? Give at least 2 reasons why you should be aware of your computer's system components and their characteristics?. the reason to prevent backflow in kitchen equipment is to: race class and gender in the united states 11th edition online If a polynomial equation P(x)= 0 has 3+4i as a solution, what other solution must it have?