Answer:
True
Explanation:
A project scope statement can be regarded as a statement that give out well detailed description as regards the the work which is needed to be done so that the output of a project can be delivered on agreed time period as well as within the allotted budget.
scope statement usually gives the outlines of the entire project as well as
any deliverables, it do entails list of stakeholders within the scope. The writting is usually done by project manager. It should be noted that Project scope statements must include the project boundaries, constraints, and assumptions.
In analyzing the differences among Theories X, Y, and Z managers, it is appropriate to determine that Multiple Choice Theory Z managers believe that employees prefer to be directed. Theory Z managers understand that workers prefer to work by themselves, and will do their best work individually rather than with a team. Theory Z managers believe that getting employees more involved in work-related decisions will generally increase productivity. Theory Z managers believe that decision making is not part of an employee's responsibilities.
Answer:
Theory Z managers believe that getting employees more involved in work-related decisions will generally increase productivity.
Explanation:
In simple words, Theory Z can be understood as the management strategy that combines American as well as Japanese managerial concepts and is characterized by tight job stability, consensus policy making, delayed assessment and advancement processes, and personal responsibility inside a group setting, among other things.
Paulo has won the lottery. He is offered a series of payments of $10,000 per year for 10 years. What is the present value of these payments at an interest/discount rate of 6%
Answer:
PV= $73,600.87
Explanation:
Giving the following information:
Annual payments= $10,000
Number of periods= 10 years
Interest rate= 6%
To calculate the present value, we need to use the following formula:
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= annual payment
PV= 10,000*{(1/0.06) - 1/[0.06*(1.06^10)]}
PV= $73,600.87
Skipper’s Pet Products was started by Steve to sell a range of dog food and treats made from fish. Due to fish being a very perishable product, different methods are used to preserve the life and quality of the product. Arguably, the best method, albeit the most labour intensive and time-consuming, is to dry the fish over several days. This process maintains the nutritional content of the fish, which is often lost using other methods, and it is this that enables Skipper’s to offer a product with a clear USP.
The company is based in Steve’s hometown of Grimsby and he is proud of the local fishing heritage. The fish used in Skipper’s products is sourced from the docks in Grimsby or nearby Hull. Steve says the location of the business means that raw materials and qualified labour are easy to source.
Skipper’s Pet Products have lots of competition, but the competitors buy low quality fish
in China and cook the treats at high temperatures which removes some nutrients so they
are not high quality, healthy dog treats like Skipper’s treats.
The company website allows Skipper’s to sell their dog treats to customers all over the UK. The website sales are increasing each month and generate a larger profit margin than Skipper’s sales to pet shops.
question: Evaluate whether locating Skipper’s close to raw materials was the most important
factor Steve should have considered when choosing a location for his business.
You should use your knowledge of the business as well as the information provided
Answer: Yes it was
Explanation:
When considering where you should set up location, it is best to look at the cost of locating your business from various perspectives such as raw material acquisition, transport to suppliers, transport to customers and accessibility.
Depending on the business, some factors would have to be given more weight. In the above scenario, raw material acquisition and transport from suppliers should be given a higher weight because the goods are perishable and so costs would be high if the location is too far from the source of the fish.
Given that technology has made it easier to sell from many places, transport to customers is not as major a factor as transport to suppliers. The most important factor to focus on for this business therefore is raw material acquisition and by locating the company so close to the source, the cost to acquire the raw material from suppliers was heavily reduced so this was the best option.
Last summer, Fabia applied for three jobs. The first required a resume, but nothing else. The second required both a resume and a long personal statement. The third required a resume and indicated that a long personal statement was optional (recommended but not required; Fabia went ahead and wrote one anyway). Suppose that Fabia was turned down by all three jobs. Which rejection was she probably MOST upset about
Answer:
The rejection by the third job
Explanation:
Resumes
This is simply known as the normal means or method of an introduction to potential (assumed) employer. it containsmore relevant/more accurate information about the person and it is resume used as a basis for deciding which candidates to investigate further. The resume of candidates shows if identifies candidates meeting requirements.
There are various steps taken by the selection process in every organizations during employment exercise. They includes
1. Screening applications and resumes
2. Testing and reviewing work samples
3. Interviewing candidates
4. Checking references and background
5. Lastly, making a selection
The third one will be the most painful one to her as she has put more work into it than the rest.
Power that is derived from a person's official standing within a workplace is commonly referred to as ______ power.
Answer:
Legitimate
Explanation:
Power that is derived from a person's official standing within a workplace is commonly referred to as legitimate power.
1. Complete as frases com a forma correta do verbo to be (am, is, are)
a) She
b) They
studying maths
having breakfast
drinking lemonade.
d) it
raining at the moment.
e) You
sitting in my chair.
listening to music
f) He
g) My sister
doing her homework.
h) Her children
making dinner.
Complete Question:
Complete the sentences with the correct form of the verb to be (am, is, are).
Answer:
a) is.
b) are.
c) am.
d) is.
e) are.
f) is.
g) is.
h) are.
Explanation:
A verb is one of the parts of speech in English language. Verbs can be defined as any word that describes an action, occurrence, or state of existence. Some examples of verb are dance, sing, walk, play, run, sit, etc.
A present continuous tense is simply used to describe an action that is being performed at the moment (on-going) or an unfinished action.
Completing the sentences with the correct form of verb, we have;
a) She is studying maths.
b) They are having breakfast.
c) I am drinking lemonade.
d) It is raining at the moment.
e) You are sitting in my chair
f) He is listening to music.
g) My sister is doing her homework.
h) Her children are making dinner.
McKittridge Consulting pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems. Which type of organization is McKittridge Consulting
Answer:
Learning organization
Explanation:
A learning organisation is defined as one that is focused on promotion creation, acquiring, and transfer of knowledge for the clients it serves and its members.
It also constantly transforms itself by improving on its processes.
McKittridge Consulting is a learning organisation because it pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems.
As depicted in _________________________________, it is necessary to give up some of one good to gain more of the other good. the production possibilities frontier allocative efficiency scarcity utility
Answer:utility
Explanation:
Required: Journal entry
Issued a cheque of Rs.39000 to Saurya stores in full settlement
please help me
Answer:
If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.
Date Account Title Debit Credit
XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
For a downward-sloping demand curve, all other things remaining constant, a rightward shift of the supply curve _____
Answer:
Increase equilibrium quantity and equilibrium price would fall
Explanation:
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :
1. A change in the price of input
2. A change in the number of suppliers
3. Government regulations
Equilibrium price is the price at which quantity demand equal quantity supplied.
If there is a rightward shift of the supply curve, it means that there is an increase in supply. As a result, there would be an increase equilibrium quantity and equilibrium price would fall.
When Polaroid comes out with a new model in a series, it sets an initial price and then gradually lowers the price. Polaroid is initially using which pricing strategy
Answer:
Price Skimming
Explanation:
Price skimming is a pricing strategy approach where the producer sets the high price due to this it could attract purchased for having the strong desire with related to the product and then it normally decreased the prices to attract another one and so on
So as per the given situation, it is a prime skimming situation
To determine the financial condition of an existing business, it is necessary to compare ______ with ______ to identify where costs can be reduced or more money is needed.
Answer:
operating ratios; industry averages
Explanation:
Which is not one of the arguments that low-income countries might have an advantage in achieving greater worker productivity and economic growth in the future
Solution :
One of the argument that the low income countries will not have an advantage in achieving a high productivity of the workers as the economic growth in the near future is the increasing in marginal returns.
It occurs only when any addition in the variable input (i.e. labor) to a fixed input (i.e. capital) enables such variables input to be more productive. In other words, 2 workers are more than twice as productive as 1 worker and 4 workers are more than twice as productive as 2 workers.
The obligation, placed on employees through delegation, to perform assigned tasks satisfactorily and be held accountable for the proper execution of work is the definition of ______.
Doris is a member of a team that works to seamlessly execute a large company’s annual shareholder meeting and quarterly board meetings on an ongoing basis. Doris is an employee in the investor relations department of the company. The team also includes Don from IT, Sally from Communications, Editha from event management, Saul from security, Tony from catering, Rob from transportation services and Lola from Marketing. This team is an example of what kind of team?
Answer: Cross functional team
Explanation:
Cross functional team could be defined as a team of people from their parent department in an organization, coming together to work for another purpose. This is a scenario were people in addition to their existing department's in organization work for another function. This works for short term committee, to meet up a project or task.
Using marketing to promote the idea that a company is more socially responsible than it actually is can be described as ______.
Answer:
Greenwashing
Explanation:
Greenwashing is the process of using marketing to promote the idea that a company is more socially responsible than it actually is. It is the process of passing a false impression or providing false information about how a company's products are more environmentally sound.
Greenwashing can also be called green sheen. It is used to deceive consumers into believing that a company's products are environmentally friendly by providing misleading information about the product.
Greenwashing is considered an unsubstantiated claim to deceive consumers into believing that a company's products are environmentally friendly.
Laws regulating conduct between private parties in matters like contracts, business, and domestic relations are called
Answer:
civil law
Explanation:
part of a country's set of laws which is concerned with the private affairs of citizens, for example marriage and property ownership, rather than with crime.
the world price of a good or service is below the equilibrium price of that good or service, the country being analyzed will ______________________ (import, export) the good or service. As a result, consumer surplus ______________________ (increases, decreases), and producer surplus ______________________ (increases, decreases). Total surplus ______________________ (increases, de
Answer:
import
increases
decreases
unchanged
Explanation:
If the world price of a good or service is below the equilibrium price of that good or service, it means that the world is more efficient in the production of that good. So, the country being analysed should import the good.
If the country imports the good, prices would fall. As a result, consumer surplus increases and the producer surplus decreases. total surplus remains unchanged
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Total surplus = Consumer surplus + Producer surplus
In a neoclassical economy, assume that the government lowers both government spending and taxes by $100 billion. If the marginal propensity to consume is 0.6, investment will: Group of answer choices rise by $100 billion. not change. rise by $40 billion. rise by $60 billion.
Answer:
rise by $40 billion
Explanation:
Calculation to determine what the investment will be
Investment=$100 billion*(100%-60%)
=$100 billion*40%
=$40 billion
Therefore the investment will rise by $40 billion
The demand for skilled workers in the United States has been increasing. To increase the supply of skilled workers, many argue that immigration reform to allow more skilled labor into the United States is needed. Explain whether you agree or disagree.
Answer:
I disagree
Explanation:
I disagree. There are many unemployed individuals in the United States already. There is no need to look towards other countries for skilled workers. Instead I believe that there should be more outreach training programs to teach these unemployed individuals. This would decrease the unemployment rate and fill the demand for skilled workers. If the skills required are college based skills, then I think the best course of action is making Universities free. Other countries such as Argentina have done so and output a large supply of highly skilled individuals because of it.
A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost driver was estimated as 2,500 hours. If Product A utilized 1,350 hours and Product B utilized 1,100 hours, what was the amount of overhead assigned to the products
Answer:
$68,600
Explanation:
Activity Based Overhead Rates = Estimated Overhead / Expected Use of Cost Drivers per Activity (Hours)
Activity Based Overhead Rates = $70,000 / 2,500
Activity Based Overhead Rates = $28
Overhead Assigned = Overhead Rate * Hours Utilized
Product A Overhead Assigned = $28 * 1,350 hours
Product A Overhead Assigned = $37,800
Product B Overhead Assigned = $28 * 1,100 hours
Product B Overhead Assigned = $30,800
Total Overhead Assigned = Product A Overhead Assigned + Product B Overhead Assigned
Total Overhead Assigned = $37,800 + $30,800
Total Overhead Assigned = $68,600
4. Many opponents of free trade use the following example to illustrate its negative effects:
Joe Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6 AM. While his coffee pot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG). He put on a dress shirt (MADE IN SRI LANKA), designer jeans (MADE IN SINGAPORE), and tennis shoes (MADE IN KOREA). After cooking his breakfast in his new electric skillet (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today. After setting his watch (MADE IN TAIWAN) to the radio (MADE IN INDIA) he got in his car (MADE IN GERMANY) filled it with gas from SAUDI ARABIA and continued his search for a good paying AMERICAN JOB. At the end of yet another discouraging and fruitless day, he checked email on his computer (MADE IN MALAYSIA) then decided to relax for a while. He put on his sandals (MADE IN BRAZIL) poured himself a glass of wine (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA), and then wondered WHY he can’t find a good-paying job in America.
Should America encourage free trade with its trading partners or seek a more protectionist approach? Take a stand on this issue. It is not enough to argue BOTH sides of the issue. Support your opinion with good economic reasoning. Who benefits from your approach and who loses? Why? Include impacts on both American citizens and the citizens of the other countries with whom we (U.S.) trade.
America must note that Free trade affords countries the opportunity to specialize in the production of goods and services that they are most efficient at producing, leading to lower prices and increased access to a variety of goods and services for consumers.
Protectionism, on the other hand, can lead to higher prices and reduced access to goods and services for consumers.
What is the rationale behind the above answer?Note that protectionism can only work under certain factors. China explored this briefly to build capacity then later opened its borders albeit strategically.
Economic protectionism is a policy that limits or controls international trade in order to protect domestic industries. One danger of protectionism is that it can lead to higher prices for consumers.
This is because protectionist measures, such as tariffs, can make imported goods more expensive, which may be passed on to consumers in the form of higher prices.
Learn more about Protectionism;
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Andrew found a stone in his yard and took it to Brad, a jeweler, for evaluation. Although Brad knew what the stone was, he told Andrew that he wasn't sure as to the nature of the stone, but that he thought it was a saphire. Brad then offered to buy the stone for $50 and Andrew agreed. Later Andrew found out the stone was an uncut blue diamond worth about $10,000. The sale:
Answer: c. can be voided based upon fraud in the inducement .
Explanation:
Brad knew exactly what kind of stone it was that Andrew had and yet proceeded to lie about it in order to induce a sale at a much lower price than the actual worth of the jewel .
The contract is therefore voidable because the Brad committed fraud by lying and obtaining the diamond at $50 under false pretenses. Andrew should therefore drag him to the Courts of law to face justice.
A Virginia county is considering whether to pay $50,000 per year to lease a prisoner transfer facility in a prime location near Washington, D.C. They estimate it will cost $50 per prisoner to process the paperwork at this new location. The county is paid a $75 commission for each new prisoner they process. If the holding area at this new location has design and effective capacities of 10,000 and 7,500 prisoners processed annually, respectively, and 5,000 prisoners will be processed per year, what will be the utilization of the holding area
Answer:C. $50,000
Total revenue would be $300,000. Total cost would be $250,000 (fixed = $50,000; variable = $200,000).
Explanation:
According to RET, unanticipated changes in the price level, or ______, cause temporary changes in real output.
Answer:
price-level surprises
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. Also, the price of goods and services are primarily being set by the seller or service provider.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
The rational expectations theory (RET) is an economic theory which states that consumers would always make decisions based on the best information that is made available to them at a given time.
According to rational expectations theory (RET), unanticipated changes in the price level, or price-level surprises would cause temporary changes in real output. Thus, macroeconomic policy such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels are ineffective in both the short run and long run
________ is an external factor associated with change.New equipment Unselected Changing technology Unselected Changing employee attitudes Unselected Change in the composition of the workforce
Answer:
Changing technology
Explanation:
Marvelous Motor Works sells vehicles directly to businesses for use in their companies. Marvelous Motor Works has a manager for each type of vehicle it sells (cars, trucks, and delivery vehicles). The salespeople for each product report directly to his or her manager but may also consult the financing department and legal department to handle issues relating to financing and liability issues. This is an example of a(n) ______ organization.
Answer:
Line and staff organization
Explanation:
Marvelous Motor practice line and staff organization.
Line and staff organization refers to when specific and supportive roles are attached to the line of command by assigning staff supervisors and staff specialists who are attached to the line authority.
The executives(managers of each type of vehicle) holds the power of command and staff supervisors(financial and legal department) guides, advices and council the line executives.
According to the resource-based view, a firm that has resources that are valuable and rare but not costly to imitate will at best be able to achieve __________ in relation to its industry peers. Group of answer choices competitive advantage temporary competitive advantage competitive parity competitive disadvantage sustained competitive advantage
Answer:
temporary competitive advantage
Explanation:
The RBV or the resource-based view is defined as the managerial framework that is used for determining the strategic resources for which a firm can exploit in order to achieve a sustainable competitive advantage.
The resource based view model is in contrast with the with the perfect competition model of the industry competition.
According to this model, the firm that have valuable and rare resources but these resources which are not difficult to imitate is most likely to achieve a temporary competitive advantage with its peer industries in the market.
Suppose 1,000 students were split into two groups of 500. Both groups were first presented with an image of a new high-end pair of jeans produced by Tommy Hilfiger, a clothing company. The first group was given the following statement and then asked the following question: "The normal retail price of these jeans is $100. Would you be willing to pay $75 for them?" The second group was given the following statement and then asked the following question: "The normal retail price of these jeans is $250. Would you be willing to pay $75 for them?" Suppose that 24% of the students in the first group answered yes and that 73% of the students in the second group answered yes. It is likely that more students in the second group were willing to pay $75 for the pair of jeans because they were told the normal price was much higher. This is an example of a ________ effect in decision-making.
Question Completion:
A) clothing B) marketing C) utilitarian D) framing E) psychosomatic
Answer:
This is an example of a ___framing_____ effect in decision-making.
Explanation:
The framing effect in decision-making means that decisions are influenced by the different semantic descriptions of the same issue. This different framing of the same issue causes people to develop different risk preferences, indicating that their decisions are based on the potential value of losses they would suffer or gains they would garner rather than the final outcome.
What is your major(potential) in college?