Opportunity cost is the greatest value lost when a decision is made.
What are some examples of opportunity cost?The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
What other names exist for opportunity cost?Opportunity cost, commonly referred to as "alternative cost," is the price difference between a project's estimated costs and a different choice that must be made in order to carry it out. Every decision we make involves sacrificing another one.
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which storage solution should you lead with for all-flash midrange opportunities
All-flash midrange solution should be used to lead all-flash midrange opportunities.
As data storage requirements continue to grow rapidly, businesses are looking for solutions that offer high performance and reliability. One of the popular storage solutions is all-flash midrange storage.
All-flash midrange storage arrays provide high-speed access to data, low latency, and are cost-effective compared to high-end storage arrays. They also offer a balance between performance and capacity, making them ideal for mid-sized businesses with high I/O needs.
When selling storage solutions to mid-range customers, you should lead with all-flash midrange solutions. These solutions offer the perfect balance of price, performance, and capacity for customers with moderate storage requirements. With all-flash midrange storage, customers can reduce their storage footprint while also improving their application performance.
All-flash midrange storage solutions are ideal for businesses looking to run applications that demand high-speed storage, such as virtual desktop infrastructure (VDI), online transaction processing (OLTP), and analytics.
By leading with all-flash midrange storage solutions, you can provide customers with a reliable and cost-effective storage solution that meets their performance and budget requirements.
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over 200 billion dollars a year is spent in the sports industry. which area represents the largest percentage? advertising travel licensed goods facility construction
Over 200 billion dollars a year is spent in the sports industry. Advertising to spread information about matches, merchandise represents the largest percentage of funds.
The sport industry is one in which individuals, activities, businesses, and organisations are involved in generating, facilitating, marketing, or coordinating any sport-related activity, experience, or economic operation. It is a market where the companies or products given to customers are associated to sports and might be commodities, services, people, locations, or ideas.
The professional leagues are the most important sports sectors, around which the majority of the other industries in the athletic world revolve. Football, basketball, hockey, baseball, and soccer are the first five major American sports leagues on the list.
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how does the presentation of the general information about endrun in this guide affect your perception of the business
The presentation of general information about EndRun in this guide affects my perception of the business in a positive manner.
Firstly, the guide provides an overview of the company, its history, mission, vision and core values. This helps to create a sense of trust and reliability, since it is clear that EndRun is committed to providing quality services and products.
Additionally, the guide showcases the awards and certifications the company has achieved, which is indicative of their dedication to excellence. Furthermore, it highlights the company’s commitment to customer service and sustainability, which further reinforces the idea that EndRun is a reliable and trustworthy business.
Finally, the guide also includes customer feedback, which is a great way to demonstrate how satisfied customers are with the company’s products and services. All of this information, when taken together, reinforces my perception that EndRun is a reputable, reliable business.
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if jim wanted to operate at the 5 sigma level, what would his errors have needed to be over the past week? do not round intermediate calculations. round your answer to three decimal places.
The required error rate is 0.005%.
Operating at the sigma level of 5.
The percentage of error statistic involves = (|experimental - accepted|) / (accepted) x 100.
= (5 - 5.2) / 5.2 x 100.
= 0.005%
It is the proportion of incorrect data units to the total number of transmitted data units.
In companies adopting standard operating procedures, failure rates typically range from 10 to 30 mistakes for every 100 opportunities.
Failure rates of 5 to 10 per 100 possibilities are ideal in well-managed businesses utilizing standard quality management techniques.
A percent error computation is used to determine how closely a measured number matches an actual value.
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accounting what are variable interests in an entity and how might they provide financial control over an entity?
Variable interests in an entity are interests that change over time as a result of the actions or decisions of other parties. These interests may include equity interests, liabilities, and rights to receive payments or other distributions.
Variable interests provide financial control over an entity because they can be used to influence the entity's overall financial performance. For example, if a shareholder has a variable interest in an entity, they may be able to influence the entity's decisions, such as how much it spends on capital expenditures or how much it pays out in dividends. Similarly, creditors may be able to influence the entity's decisions if they have an obligation to the entity that is subject to change.
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your employer offers to pay you 0.0000078 million-dollars every 2 micro-seconds. how many dollars per hour is this?
This is 102.4 billion dollars/hour.
To Calculate the Hourly Rate, We Need to Determine the Total Amount Earned Per Hour.First, we need to convert the payment of 0.0000078 million-dollars every 2 micro-seconds to a more manageable unit. To do this, we'll convert the payment to dollars per second:
0.0000078 million-dollars * 10^6 = 78 dollars
78 dollars / 2 micro-seconds * 10^6 = 39 million dollars per second
Now we can calculate the hourly rate by multiplying the payment per second by the number of seconds in an hour:
39 million dollars/second * 60 seconds/minute * 60 minutes/hour = 102.4 billion dollars/hour
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in the current year, hanna company reported quality-assurance warranty expense of $190,000 and the warranty liability account increased by $28,000. what amount of warranty costs were paid during the year?
The amount of warranty costs paid during the year is 162000.
What is warranty expense?The expense that a company predicts incurring or has actually incurred for the replacement of items it has sold is known as warranty expense. As a contingent liability, a warranty must be recorded as a liability and warranty expense when the related sale of goods or services is recorded.
To calculate the warranty cost
Warranty Expenditures= Warranty expense- warranty liability
= $190,000 - $28,000
=162000
Therefore, the amount of warranty costs paid during the year is 162000.
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what is the key difference in determining the profit-maximizing price and output under monopoly versus monopolistic competition?
In a monopoly market, there is a single seller that dominates the market, and as a result, the monopolist has significant market power to set prices and control output.
In this market structure, the monopolist seeks to maximize profit by finding the price-output combination that maximizes their total revenue.
In contrast, monopolistic competition refers to a market structure in which many firms sell products that are similar but not exactly the same. In this type of market, firms have some degree of market power but not as much as a monopolist. As a result, firms in monopolistically competitive markets face downward-sloping demand curves and must take into account the reaction of their competitors when setting prices.
To determining the profit-maximizing price and output, the key difference between a monopoly and monopolistic competition lies in the degree of market power that firms have in each market structure. In a monopoly, the monopolist has complete control over the market and can set a higher price and restrict output to maximize profit. In monopolistic competition, firms must consider the actions of their competitors and the effect of their prices on the market demand for their product, which limits their ability to set prices and control output.
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what is the value of the price index in the pre-frost and post-frost year if the post-frost year is the base year?
The value of the price index in the pre-frost and post-frost years is determined by the price index formula and the particular data available. A price index is commonly calculated.
by dividing the current price of a basket of goods and services by the base-year price of the same basket, then multiplying by 100 to represent the index as a percentage. If the post-frost year is the base year, the price index value in that year is 100. The price index's value in the pre-frost year would be determined by the change in the price of the basket of goods and services between the pre-frost and post-frost years. If The value of the price index in the pre-frost year would be less than 100, suggesting that the basket of items was cheaper in the pre-frost year than in the post-frost year. If the basket's price fell, the value of the price index in the pre-frost year would be larger than 100, indicating that the basket of items was more costly in the pre-frost year than the post-frost year. It is impossible to identify the precise value of the price index in the pre-frost and post-frost years without particular data.
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market size and compatibility with the organization's objectives and resources are two of the criteria used to
Market size and compatibility with organizational goals and resources are the two most important criteria used to evaluate potential markets because they determine the potential for success and the investment required to achieve success.
The compatibility of the market with the goals of the organization is determined by assessing the potential for success and the ability of the organization to take advantage of the opportunities available in the market. The organization must also consider whether its resources are sufficient to capture the market's potential. A market that is too large or incompatible may require additional resources that may not be available or may be too costly.
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in the business setting, when face-to-face communication is not possible, the preferred method is:
In case, face-to-face communication is not possible in a business setting, the preferred method is email.
In the business setting, communication is critical to achieving success. However, face-to-face communication may not always be possible due to various reasons such as geographical distances, time constraints, or busy schedules.
In such cases, businesses rely on other methods of communication, and the most preferred method is often email. In this explanation, we will discuss why email is the most preferred method of communication in the business setting when face-to-face communication is not possible.
Email is a widely used method of communication in the business world for several reasons. Firstly, it provides a written record of the communication that can be referred to later.
This can be beneficial in situations where there is a need for documentation, such as in legal or contractual matters. Having a record of the communication also allows for greater accountability and can help to avoid misunderstandings or disputes.
Secondly, email is convenient for sending and receiving messages at any time, regardless of location or time zone. This can be especially important for businesses that operate across multiple locations or have remote employees. It also allows for quick dissemination of information and can help to keep everyone on the same page.
Thirdly, email is a more formal and professional method of communication compared to other methods such as text messaging or social media messaging. It allows for more structured communication and can help to maintain a professional tone in business communications.
Email also provides an opportunity to attach relevant documents, presentations, or other materials that can enhance the communication.
However, it's important to note that email may not be the best method of communication in all situations. For example, in cases where there is a need for immediate responses or a more personal touch, phone or video calls may be more appropriate. It's important to consider the nature of the communication and the context of the situation before deciding on the most suitable method of communication.
In summary, email is the most preferred method of communication in the business setting when face-to-face communication is not possible due to its many benefits, including providing a written record of the communication, convenience, and professionalism.
However, it's important to consider the nature of the communication and the context of the situation before deciding on the most appropriate method of communication.
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Which one of the following factors usually calls for a larger capacity cushion?A) High worker flexibilityB) Uncertain demandC) More reliable equipmentD) High capital intensity
The uncertain demand is one of following factors usually calls for larger capacity cushion.
What is uncertain demand?Uncertain demand refers to the inability to accurately predict the quantity of a product that a customer will purchase. This unpredictability can be due to a variety of factors such as consumer behavior, market trends, and economic conditions. As a result, businesses face challenges in managing inventory levels, meeting customer demands, and optimizing their supply chain operations. In order to mitigate the impact of uncertain demand, companies can employ demand forecasting techniques and strategies, such as safety stock, inventory pooling, and demand shaping. They can also implement demand-driven processes and adopt technology-based solutions to provide real-time visibility and control over the entire supply chain. By effectively managing uncertain demand, businesses can increase efficiency, reduce costs, and enhance customer satisfaction.
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t
ces
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct
materials):
Selling expenses
Purchases of raw materials
Direct labor
Administrative expenses
Manufacturing overhead applied to work in process
Actual manufacturing overhead cost
Inventory balances at the beginning and end of the year were as follows:
Ending
$ 32,000
$ 27,000
?
Raw materials
Work in process
Finished goods
Beginning
$ 51,000
?
$ 39,000
$ 214,000
$ 265,000
?
$ 152,000
$ 369,000
$ 354,000
The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $745,000;
the unadjusted cost of goods sold totaled $663,000; and the net operating income was $31,000. The company's underapplied or
overapplied overhead is closed to Cost of Goods Sold.
Required:
Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income
statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.)
Answer:
what do u mean with the t ces??
Work in process, work in progress, goods in process, or in-process inventory refers to a company's partially finished goods waiting for completion and eventual sale, or the value of these items.
What is a Work in progress?A company's partially finished goods that are awaiting completion and ultimate sale are referred to as work in progress, goods in process, or even in inventory, or the worth of these items. WIP is a vital input for computing inventory on such a company's balance sheet and is utilized in supply chain management.
Production and supply-chain management terms for partially produced products that are awaiting finishing include "work-in-progress." Raw materials, labor, and overhead expenses expended on goods that are in various phases of manufacturing are referred to as WIP.
In British English, "work in progress" has always been favored. While work in progress is once again the preferred expression now, work in process was more common for a brief while in the 20th century in American English.
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based on the following cash transfer schedule, by how much will cash be overstated as a result of kiting?
How much will the amount of cash be inflated as a consequence of kiting, according to the GO TO ROGER money transfer schedule.
Because there is virtually no NEFT amount transmission cap imposed by the RBI, NEFT is frequently used to move money between bank accounts. This indicates that no set limit amount is necessary to complete a transaction using NEFT. A recipient in India may get cash payments of up to Rs. 50,000. Any transfer that is greater than Rs. 50,000 must be made wholly by account payee check, demand draught, pay order, etc., or it must be credited immediately to a beneficiary's bank account. You are permitted to transfer amounting to Inr. 50,000 in cash per transaction. Additionally, there is no cap on the total sum that can be transferred.
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why are woodcut editions limited? question 5 options: limited editions increase the demand for prints. the relief edges deteriorate from repeated pressure. the matrices require multiple blocks of color. the quality of line becomes sharper and more precise.
Woodcut editions are often limited because the relief edges of the woodblock deteriorate from repeated pressure, which can result in a loss of detail and clarity in the printed image. In this case option B is correct
As a result, the number of prints that can be made from a single block is limited. Additionally, limiting the number of prints in a particular edition can increase the demand for the prints, making them more valuable and sought after by collectors.
While the quality of line in woodcuts can become sharper and more precise with additional carving and refinement, this is not typically a primary reason for limiting the edition size.
Similarly, while multiple blocks of color may be used in some woodcut prints, this is not necessarily a reason for limiting the edition size.
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at a price of $20, a store can sell 24 picture frames a day. at a price of $18 the store can sell 33 picture frames a day. since total revenue by the price decrease, demand must be .
The decrease in price has resulted in an increase in demand, as more people are willing to buy the product at the lower price. This indicates that demand is increasing.
The decrease in price from $20 to $18 has caused an increase in demand, as more customers are now willing to purchase the product at the lower cost. This shows that demand for the picture frames is increasing as people are now more likely to buy them. This increase in demand has allowed for more sales of the picture frames, as the store is now selling 33 frames per day rather than the 24 frames sold when the price was $20. This demonstrates that reducing the price has increased the demand for the product.
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changing the supply of money to expand or contract economic activity is question 10 options: congressional policy. judicial policy. legislative policy. monetary policy. presidential policy.
Monetary policy is the process of adjusting the money supply to increase or decrease economic activity.
The central bank's macroeconomic policy is known as monetary policy.
The government of a country use this demand-side economic strategy to hit macroeconomic targets including inflation, consumption, growth, and liquidity. It entails controlling the interest rate and money supply.
Interest rates in the economy are affected by monetary policy, including interest rates on savings accounts, corporate loans, and mortgages.
Changes in interest rates have an impact on how people invest their money or spend their money, which has an impact on inflation, economic growth, and employment.
The Reserve Bank of India, which is the country's central bank, formulates the monetary policy, which is related to the monetary affairs of the country.
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what is the implied volatility of an at-the-money straddle priced at 10, with 3 months to expiration and whose underlying is price at 2000 (assume 0 interest rate)?
The implied volatility of the at-the-money straddle priced at 10 with 3 months to expiration and an underlying price at 2000 (assume 0 interest rate) is approximately 26.5%.
A measurement that represents the market's perception of the possibility of changes in the value for a specific commodity is characterized as implied volatility.
Implied volatility is the market's prediction of a security's price movement which is the most likely to occur. While establishing the pricing of options contracts, implied volatility is frequently employed.
Options with high implied volatility have higher premiums and vice versa. Important influencing elements for determining implied volatility encompass supply and demand together with temporal value.
The value of the underlying instrument's volatility that, when incorporated into more of an option pricing model, will provide a theoretical value equal to the current market price of the underlying option, is the implied volatility of an option contract.
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The process of making meaning from what we sense or experience in the world around us is called:_________
The process of making meaning from what we sense or experience in the world around us is called Interpersonal perception. helps us interpret the behavior of others and ourselves to understand people.
Interpersonal perception is the most common way of giving our encounters with others and our connections meaning. The three stages of this interaction are choice, association, and translation. To choose is to zero in on improvements.
The cycle through which individuals decipher conditions, occasions, articles, or talks considering their earlier information and experience is known as "mean making." Zeroing into consideration specific sights, sounds, tastes, contacts, or scents in your current circumstance.
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if we're examining data and we know that 16% of all employees have been put on some sort of corrective action plan, what is the first problem we have with this information?
The first problem with this information is that it is only a percentage and does not provide any context or additional details about the corrective action plans that were put in place.
Simply knowing that 16% of employees were put on a corrective action plan does not provide enough information to determine if this is a high or low number, or if there is a specific issue or trend that is causing the need for these plans.
Additionally, without further information about the size of the employee population and the reasons for the corrective action plans, it is not possible to make any meaningful conclusions or recommendations based on this data.
More information and context would be needed in order to fully understand the implications of this information and to take appropriate action.
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Elijah and Aneesha are farmers. Each one owns an 18-acre plot of land. The following table shows the amount of watermelon and zucchini each farmer
can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing watermelon or zucchini or to produce watermelon
on some of the land and zucchini on the rest.
Aneesha can also produce a total of 72,000 lbs of watermelon and 14,400 lbs of zucchini.
What is the total produce?Generally, Watermelon (lbs/acre) | Zucchini (lbs/acre)
------------------------|--------------------
4,500 | 800
If Elijah and Aneesha both choose to grow both watermelon and zucchini, Elijah can produce a total of 72,000 lbs of watermelon (4,500 x 18 acres) and 14,400 lbs of zucchini (800 x 18 acres).
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ecobean, a chain of cafes, has introduced a special shopper card that allows customers to pay in advance for coffee and snacks. this effort by ecobean management is most likely an example of
Option D. Penetration product development is a marketing strategy in which a company focuses on expanding its market share by promoting its existing products to new or existing customers.
By introducing a Special Shopper Card, EcoBean is encouraging customers to pre-pay for their coffee and snacks, thus increasing their market share by attracting more customers and retaining existing ones. This is a classic example of penetration product development, as the company is not introducing new products, but rather improving its existing product offerings to increase sales and market share. In penetration product development, a company aims to increase its market share by making its products more accessible, convenient, and appealing to existing and potential customers. This can be achieved through various means such as offering discounts, providing added value, improving product features, and creating loyalty programs, among others. The goal is to increase demand for the company's products and services and establish a strong customer base.
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Eco Bean, a chain of cafes, has introduced a Special Shopper Card that allows customers to pay in advance for coffee and snacks. This effort by Eco Bean management is most likely an example of ________.
a. Diversification market
b. Development product
c. Adaptation market
d. Penetration product development
How can macroeconomists use microeconomic theory to guide them in their work, and why might they want to do so?
The theory of microeconomics provides macroeconomists with a framework for their research.
Which aspects of microeconomics are used by macroeconomics?Little-picture The main objective of microeconomics is the interaction of supply and demand in specific markets for commodities and services. Macroeconomics frequently concentrates on a nation and how its markets interact to produce widespread phenomena that economists refer to as aggregate variables.
How will knowing the fundamentals of microeconomics help you build a successful company?By examining the mechanisms underlying these decisions, microeconomics helps us understand concepts such as how prices are determined, what factors affect our decision to buy products, and how businesses may use their resources to increase efficiency.
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in many cases, property managers must get explicit permission in order to disburse funds from a trust account. what is one common way to do so without this explicit permission?
Ensure the bank has a signature card for the property manager.A signature card is a document used by a bank to acquire the signature of the account holder. It is signed by the account holder at the time of opening the bank account and can be signed by one or more signers depending on the account type.
The signature card is then kept by the bank as a record of the signature(s). When an account is opened at a bank, the depositor will be required to complete a signature card .It is important for the bank to have a signature card for the property manager to ensure compliance when it comes to disbursing funds from a trust account. In case of changes to the account owners, signers, or beneficiaries, banks typically use add and remove forms rather than printing a new signature card that all account owners would have to re-sign .Having a signature card on file ensures that the bank has a record of the authorized signatories for the account.
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moving into a new line of business, such as a new product or market, is known as multiple choice question. diversification. differentiation. accommodation.
Diversification is the process of entering a new market or line of business.
What exactly do you mean by diversification?By spreading assets among many financial instruments, industries, and other categories, diversification is a risk management strategy that reduces risk. By making investments in several sectors that would produce larger and longer-term profits, this method aims to optimise returns.
What is the primary goal of diversification?By distributing assets among multiple financial instruments, industries, and other categories, diversification is an approach for lowering risk. It tries to optimise return by investing in several sectors that ought to respond to market developments differently.
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the amount by which actual output falls short of potential output is called: group of answer choices a deadweight loss. real gdp. a recessionary gap. the full-employment output. an expansionary gap.
A recessionary gap generally can be defined as the amount by which actual output falls short of potential output. So the correct option is C.
In the term of financial economic, An inflationary gap generally can be defined as the amount by which the actual gross domestic product exceeds potential full-employment GDP. Inflationary gap also can be called as recessionary gap in the economic term. Inflationary gap is one type of output gap, the other being a recessionary gap. The effect of this gap is increase the unemployment level in the economy.
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a government plans the quantity of goods and services produced as well as the prices at which they are sold in a pure_____command
In a pure command economy, the government plans the quantity of goods and services produced as well as the prices at which they are sold.
Here, correct answer will be
This type of economy is completely centrally planned, with the government making all economic decisions. The government sets prices for goods and services, and also decides what to produce based on its own preferences and those of the population.
All economic resources are owned and controlled by the state, and the government makes decisions about what to produce, how to produce, and how to distribute goods and services. This type of economy is typically seen in communist countries, where the government controls the production, distribution, and pricing of goods and services.
In a pure command economy, the government has the power to influence the economy in ways that are not possible in more capitalist economies.
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the set of mechanisms and institutions that resolve the questions of what, how, and for whom goods are produced is called the: group of answer choices economic system. circular flow model. business resolution device. multiplier mechanism. automatic stabilizer mechanism.
The procedures and institutions that determine what, how, and for whom things are created make up the economic system.
A government or community can utilise an economic system as a tool to plan and distribute resources, services, and products across a region or country. Economic systems control the factors of production, including land, capital, labour, and natural resources. Using the economic system as a tool, the government plans and distributes the services, resources, and goods across the country. Economic systems control the elements of production by combining wealth, labour, physical resources, and businesspeople. Numerous firms, groups, objects, models, and decision-making procedures make up an economic system.
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General mills, inc. utilizes executives from organizations such as cigna, kimberly-clark, aarp, and nike as:_________
General Mills, inc. utilizes executives from organizations such as cigna, kimberly-clark, AARP, and NIKE as inside directors. Thus, option (c) is correct.
What is organizations?The word “organization” refers to the structure and hierarchy of the workplace as well as the shared objectives of its participants. The word “organization” is primarily used in the workplace and in business contexts.
General Mills, inc. utilizes executives from organizations was the inside directors such as company employee, direct stakeholder, and officer are the involved in the board members. inside directors can be a critical role to a company's success.
As a result, the significance of the organization are the aforementioned. Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
external stakeholders.
trustees.
inside directors
Outside directors
An organization's internal stakeholders consist of Multiple Choice the board of directors, employees, and owners.
competitors, the community, and suppliers.
the board of directors, customers, and local government.
customers, the community, and employees.
an increase in demand will not cause the following select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a an increase in equilibrium price. b an increase in supply. c an increase in equilibrium quantity.
The correct answer is c an increase in equilibrium quantity.an increase in demand will not cause the following select an answer and submit. for keyboard navigation.
With everything else being the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply. When demand rises, the supply curve moves to the right, and when supply rises, the curve moves to the right. When supply growth outpaces demand growth, the equilibrium price falls and the equilibrium quantity rises. This is so that the market may reach a new equilibrium point, which is E1, when supply exceeds demand. To do this, supply will increase from Q to Q1 and prices will decrease from P to P1.
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