Which area reflects consumer surplus under single-price monopoly? Under single-price monopoly consumer surplus is equal to area ARE.

Without more information, it is difficult to determine exactly how many tiers are involved in Arnold Palmer Hospital's supply chain for surgical packs. However, based on the information provided, we know that they use a 3-tiered supply chain for some of their medical needs.

A 3-tiered supply chain typically involves three levels: the manufacturer, the distributor, and the retailer or end user. The manufacturer produces the product and sells it to the distributor, who then sells it to the retailer or end user.

In the case of surgical packs, the manufacturer could be a company that specializes in producing medical supplies, the distributor could be a company that distributes medical supplies to hospitals, and the end user would be Arnold Palmer Hospital. However, there may be additional tiers involved depending on the specific supply chain for surgical packs used by the hospital.

Learn more about “  manufacturer produces “ visit here;

https://brainly.com/question/29653061

#SPJ4

If Robby has already added a lead to Salesforce and has discovered that the company the lead works for already exists in the system, he can easily convert the lead into a contact.

To do this, Robby needs to follow these steps:

1. Open the lead record in Salesforce.

2. Click on the "Convert" button located in the top right corner of the screen.

3. A "Convert Lead" window will appear. Here, Robby can select the existing account or create a new one if necessary.

4. Robby can also choose to create a new opportunity or attach the lead to an existing one.

5. Finally, Robby can map the lead fields to the contact fields by clicking on "Map Lead Fields". This will ensure that all the relevant information captured in the lead is transferred to the new contact record.

Once Robby has completed these steps, the lead will be converted into a contact and all the information captured in the lead will be available in the new contact record. I hope this helps! Let me know if you have any further questions.

Learn more about company here,

https://brainly.com/question/30511603

#SPJ11

The steepness of the short-run aggregate supply curve depends on how sharply production costs increase as output expands.

The short-run aggregate supply (SRAS) curve shows the relationship between the price level and the quantity of goods and services that firms are willing to produce and supply in the short run, holding other factors constant. The steepness of the SRAS curve reflects how much production costs increase as output expands. If production costs, such as wages and prices of raw materials, increase significantly as output expands, the SRAS curve will be steep, indicating that a higher price level is required to induce firms to increase output. If production costs remain relatively constant, the SRAS curve will be flatter, indicating that a lower price level is sufficient to induce firms to produce more. Therefore, the steepness of the SRAS curve affects the responsiveness of the economy to changes in aggregate demand and supply shocks.

Know more about aggregate supply curve here:

https://brainly.com/question/14020407

#SPJ11

If a firm raises $1,000,000 in equity with flotation costs of 5 percent, it will pay $50,000 in flotation costs.

Flotation costs refer to the expenses incurred by a company when it issues new securities. The costs include underwriting fees, legal fees, and other expenses related to the issuance of securities.

Flotation costs are usually expressed as a percentage of the total funds raised.

In this case, the firm has raised $1,000,000 in equity with flotation costs of 5 percent. To calculate the amount of flotation costs, we need to multiply the total funds raised by the percentage of flotation costs, expressed as a decimal:

Flotation costs = Total funds raised x Flotation cost percentage

Flotation costs = $1,000,000 x 0.05

Flotation costs = $50,000

Therefore, the firm will pay $50,000 in flotation costs to raise $1,000,000 in equity.

To know more about flotation costs refer here:

https://brainly.com/question/31519354#

#SPJ11

E-mation can sue Marvin for the return of the $5000 paid to him as it was not a valid payment for a legal contract.

The court is likely to declare this contract as void because the agreement between E-mation, Inc. and Marvin is illegal and against public policy. The contract involves stealing trade secrets, which is considered an unlawful act and goes against the legal framework that protects intellectual property rights.

Marvin's demand for half the money upfront also suggests that he intended to commit the illegal act, which further undermines the legality of the contract.

Furthermore, E-mation's payment of $5000 to Marvin does not constitute a valid consideration for a contract as there is no exchange of legal goods or services. Therefore, the court is likely to rule that the payment made by E-mation to Marvin is void, and Marvin must return the money to E-mation.

In summary, the court is likely to declare this contract as void due to its illegality, lack of consideration, and violation of public policy.

For more such questions on legal contract visit:

https://brainly.com/question/30566313

#SPJ11

To determine the optimum job sequence using Johnson's rule, we need to identify the shortest processing time for each job and determine whether it belongs to Center 1 or Center 2. he optimum job sequence using Johnson's rule is: d, f, g, e, c.

Here are the processing times for each job in ascending order:

Job d: Center 1 (processing time 13 hours)

Job e: Center 2 (processing time 13 hours)

Job g: Center 2 (processing time 17 hours)

Job f: Center 1 (processing time 16 hours)

The remaining job, job c, can be processed in either Center 1 or Center 2 since its processing times are equal.

Based on this information, we can apply Johnson's rule to determine the optimal job sequence:

             Center 1: f (16 hours)

             Center 2: e (23 hours), g (17 hours), c (18 hours)

    4. Repeat steps 1-3 until all jobs have been assigned.

           Center 1: d (13 hours), f (16 hours)

           Center 2: g (17 hours), e (23 hours), c (18 hours)

Therefore, the optimum job sequence using Johnson's rule is: d, f, g, e, c.

Learn more about Johnson's rule

https://brainly.com/question/28145265

#SPJ4

"consumer protection". Consumer protection ensures that businesses operate within the law and protect consumers from being misled or harmed. Consumer protection laws are in place to safeguard the rights of consumers by regulating business practices and ensuring that businesses operate ethically and legally.

These laws can cover a wide range of issues such as false advertising, product safety, and fraud prevention. The main goal of consumer protection is to create a fair and safe marketplace for consumers, while also promoting healthy competition among businesses.
 "Consumer Protection Laws" protect the consumer from being misled or harmed by ensuring that businesses operate legally.

Consumer protection laws are designed to prevent businesses from engaging in fraudulent practices, providing false or misleading information, and selling unsafe or defective products. These laws regulate various aspects of business-consumer interactions and help maintain a fair marketplace for both parties. By ensuring that businesses operate legally, consumer protection laws safeguard the interests of consumers and promote trust in the marketplace.

To know more about Consumer protection laws, visit:

https://brainly.com/question/1862829

#SPJ11

One share of this stock is worth $12.86 to you if you require a 15 percent rate of return.

To calculate the value of one share of the stock, we can use the dividend discount model which states that the current value of a stock is equal to the present value of all future dividends.

The formula for the present value of a stock using the dividend discount model is:

PV = D / (r - g)

Where:

In this problem, we have:

D = $1.44 (annual dividend per share)

r = 15% (required rate of return)

g = 3.8% (annual growth rate of dividends)

Plugging these values into the formula, we get:

PV = $1.44 / (0.15 - 0.038)

PV = $1.44 / 0.112

PV = $12.86

To know more about stock refer here

https://brainly.com/question/6095943#

#SPJ11

When the prevailing wage (price) exceeds the equilibrium wage (price) in the labor market, a surplus of labor (unemployment) occurs.

In other words, there will be more workers looking for jobs at the prevailing wage than there are employers willing to hire them at that wage. This can happen for a variety of reasons, such as changes in government policies, shifts in consumer preferences, or changes in the supply and demand of labor. The result is that some workers are unable to find jobs at the prevailing wage, which can lead to social and economic problems.

When the prevailing wage (price) exceeds the equilibrium wage (price) in the labor market, it creates a situation of excess labor supply or surplus, where the number of people willing to work at that wage level exceeds the number of jobs available at that wage level. This can happen due to various reasons, such as an increase in demand for labor, a decrease in the supply of labor, or the implementation of a minimum wage law. As a result, employers may face fewer challenges in finding and retaining workers, while job seekers may face increased competition for a limited number of available jobs. This can lead to lower unemployment rates, but may also result in increased wage inequality, as only certain workers with in-demand skills or experience may be able to command higher wages

Learn more about labor here:

https://brainly.com/question/14348614

#SPJ11

To calculate the value of a short forward contract that will expire in three months with a delivery price of $40 and a current forward price for a three-month forward contract at $43, follow these steps:

1. Identify the initial delivery price: $40.
2. Identify the current forward price: $43.
3. Since interest rates are nearly zero, we can ignore the time value of money.

The value of the short forward contract is the difference between the initial delivery price and the current forward price. So, $40 - $43 = -$3.

In conclusion, the value of the short forward contract is -$3, meaning the short position holder would experience a loss of $3 per contract if they were to close their position at the current forward price.

To know more about short forward contract refer here

https://brainly.com/question/16790656#

#SPJ11

The agency responsible for putting together business cycle information is the National Bureau of Economic Research (NBER).

The NBER is a private, non-profit organization that conducts economic research and provides data analysis on various aspects of the economy. One of the NBER's primary functions is to determine the timing of business cycle peaks and troughs, which are important indicators of the overall health of the economy.

The NBER uses a variety of economic data, such as employment, production, and income levels, to identify when the economy is in a peak or recession. Once a business cycle peak or trough is identified, the NBER works to analyze the causes and effects of the cycle, providing insights into how the economy is functioning and what factors may be contributing to its current state.

In short, the NBER is the agency responsible for providing comprehensive and reliable information on business cycles, including when economies peak and plummet, which can be critical for businesses and policymakers to make informed decisions about their investments and economic policies.

For more about agency:

https://brainly.com/question/15129864

#SPJ11

Managerial accounting focuses on providing information for internal users.

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating financial information to internal users, such as managers, executives, and employees, to support decision-making, planning, control, and performance evaluation.

Unlike financial accounting, which is focused on providing information to external users, such as investors, creditors, regulators, and the public, managerial accounting is focused on providing information to internal users within the organization.

The information provided by managerial accounting includes cost behavior, cost-volume-profit analysis, budgeting, variance analysis, performance measurement, and decision-making tools, such as relevant costing and capital budgeting.

Managerial accounting is not subject to regulatory requirements, such as the requirement to provide quarterly and annual financial statements, as financial accounting is. Managerial accounting also uses various methods of accounting, including double-entry accounting, but is not limited to it.

To know more about Managerial accounting, refer here:

https://brainly.com/question/14570679#

#SPJ11

Having a large amount of technical expertise from project team and information team staff is not directly correlated with increased risk. Option A is correct.

In fact, having highly skilled technical experts can reduce the risk of implementation failure or other technical problems.

On the other hand, options (B), (C), (D), and (E) are directly correlated with increased risk. Spending a large amount of dollars, having a large number of implementation staff, allocating a large amount of time for implementation, or having a large number of organizational units affected can all increase the complexity of a project and the potential for risk.

These factors can impact project timelines, budgets, and overall success.

Therefore, option A is correct.

All of the following are directly correlated with increased risk except:

Group of answer choices:

A) a large amount of technical expertise from project team and information team staff.

B) a large amount of dollars spent.

C) a large number of implementation staff.

D) a large amount of time allocated for implementation.

E) a large number of organizational units affected.

Learn more about risk https://brainly.com/question/30168545

#SPJ11

As a hedge fund manager with $300 million in assets under management, your fee structure provides for a 1% annual management fee, which amounts to $3 million. Additionally, the 20% incentive fee on returns over a 12% benchmark. The net return to the investors is $40,200,000.

Step 1: Calculate the management fee
The management fee is 1% of the total assets ($300 million), so:
Management fee = 0.01 * $300,000,000 = $3,000,000

Step 2: Calculate the gross return
The fund value before fees is $345 million, so the gross return is:
Gross return = $345,000,000 - $300,000,000 = $45,000,000

Step 3: Calculate the incentive fee
First, determine the returns over the 12% benchmark. The benchmark return is:
Benchmark return = 0.12 * $300,000,000 = $36,000,000

Next, find the excess return:
Excess return = $45,000,000 - $36,000,000 = $9,000,000

Now, calculate the 20% incentive fee on the excess return:
Incentive fee = 0.20 * $9,000,000 = $1,800,000

Step 4: Calculate the net return to the investors
Subtract both the management fee and the incentive fee from the gross return to find the net return:
Net return = $45,000,000 - $3,000,000 - $1,800,000 = $40,200,000

So, the net return to the investors is $40,200,000.

To know more about hedging, visit https://brainly.com/question/29671832

#SPJ11

The most widely acknowledged and newest source of data that allows companies to get a 360-degree view of a customer's purchasing patterns is through customer relationship management (CRM) systems.

These systems allow companies to collect and analyze data from various touchpoints, including online interactions, social media activity, and in-store purchases, to gain insights into customers' preferences, behavior, and overall satisfaction.

By utilizing CRM systems, companies can personalize their marketing and communication efforts, anticipate customer needs, and improve the overall customer experience.

Other sources of data, such as market research and sales data, may also provide valuable information but may not offer the same level of detail and breadth as a CRM system.

It is essential for companies to invest in robust CRM systems to stay competitive and meet the ever-changing demands and expectations of their customers.

To know more about customer relationship management visit:

https://brainly.com/question/13925067

#SPJ11

The Price controls: create shortages. The correct option is D.

Price controls refer to government policies that set a maximum or minimum price that can be charged for a particular good or service. When a price ceiling is set below the equilibrium price, it creates excess demand and a shortage of the good. This is because at the lower price, more consumers want to buy the good, while producers are unwilling or unable to supply the same quantity.

As a result, some consumers will be unable to obtain the good, leading to a shortage.

Price controls also distort incentives, leading to inefficiencies in the market. For instance, when prices are artificially lowered, consumers may waste resources by consuming more of the good than they would if they had to pay the market price.

Similarly, producers may reduce the quality or quantity of their product, or exit the market entirely, if they cannot make a profit at the controlled price. Therefore, price controls can have negative consequences for both consumers and producers, as well as the overall economy.

To know more about Price controls, refer here:

https://brainly.com/question/30103561#

#SPJ11

The method that occurs when a group of interested people or organizations agree on a certain specification without any formal adoption process is called a "main ans" or a "de facto standard".

The type of standard is established through usage and acceptance rather than through a formal standardization process. It may become widely accepted because it meets a particular need or because it is supported by a dominant market player. An "explanation" for this phenomenon is that it allows for flexibility and innovation, as there is no rigid process to adhere to. However, it may also lead to confusion and incompatibility between different systems or products.

A De Facto Standard occurs when a group of interested people or organizations agrees on a certain specification without any formal adoption process. This type of standard becomes widely accepted and used by the majority of stakeholders in a particular industry or community, even though it has not gone through a formal standardization process. De Facto Standards often emerge due to their popularity and widespread adoption in the market.

To know more about adoption process visit :

https://brainly.com/question/16887027

#SPJ11

For an industry to be considered an oligopoly, the four-firm concentration ratio must be relatively high, typically above 40-50%.

The four-firm concentration ratio is a measure of market concentration that represents the combined market share of the top four firms in an industry. It indicates the degree to which the industry is dominated by a few large firms, and therefore, it is used as a key indicator of the level of competition in the market. In an oligopoly, a few large firms dominate the market, and they often compete on non-price factors, such as product differentiation, advertising, and innovation. Therefore, a high four-firm concentration ratio is a characteristic of an oligopolistic market structure.

Learn more about “ four-firm concentration ratio “ visit here;

https://brainly.com/question/29840644

#SPJ4

A four-firm concentration ratio is a measure used to assess the degree of competition in an industry. For an industry to be considered an oligopoly, the four-firm concentration ratio must be high, indicating that a small number of firms dominate the market.

A four-firm concentration ratio is a measure used to assess the degree of competition in an industry. It calculates the market share of the four largest firms in the market by adding their percentage of total sales. For an industry to be considered an oligopoly, the four-firm concentration ratio must be high, indicating that a small number of firms dominate the market.

https://brainly.com/question/33501315

#SPJ6

The 95.4 percent confidence interval for the historical standard error for the true U.S. equity risk premium should be within 1.96 percent to 5.73 percent.

A confidence interval is a range of values that we can be confident contains the true value of the parameter of interest. In this case, the parameter of interest is the historical standard error for the U.S. equity risk premium. The 95.4 percent confidence interval means that if we were to take repeated samples from the population and calculate the standard error for each sample, 95.4 percent of the time the true population standard error would fall within the calculated confidence interval. The values of 1.96 percent and 5.73 percent represent the lower and upper bounds of the confidence interval, respectively. These values are based on the sample size, the level of confidence desired, and the variability of the data. It is important to note that the confidence interval is only an estimate, and there is always a possibility that the true value of the parameter falls outside of the interval. However, the higher the level of confidence and the larger the sample size, the more accurate the estimate is likely to be.

Learn more about confidence interval here

https://brainly.com/question/20309162

#SPJ11

The term that best fits the description you provided is a union which is an employee organization that represents workers in collective bargaining with their employer to negotiate job-related issues such as wages, benefits, and working conditions.

It is a formal organization that is usually created to protect the rights of workers and to ensure that they are treated fairly by their employers. A union is usually made up of workers in a specific industry or occupation, and it is often affiliated with a larger labor organization, such as a federation or confederation. Union membership is voluntary, but many workers join a union to have a stronger voice in their workplace.

Hi! Your question is: An employee organization that represents workers in employee-management bargaining over job-related issues is called a(n) industrial organization, voluntary federation, craft, or union.

A union advocates for the rights and interests of its members, negotiating with employers on issues such as wages, working conditions, and job security. This process of negotiation is known as collective bargaining, and it helps to ensure fair treatment and improved working conditions for unionized employees.

Learn more about employees here,

https://brainly.com/question/27404382

#SPJ11

Windsor, Inc. began June 2022 with total assets of $211,000 and total liabilities of $121,000. To calculate net income, we will first find the difference between revenues and expenses. In June, Windsor, Inc. recorded $333,000 in revenues and $154,000 in expenses. The difference between revenues and expenses is:

$333,000 - $154,000 = $179,000

This amount represents the net income before considering dividends. To find the net income reported by Windsor, Inc. for the month of June, we must subtract the dividends paid from the net income before dividends:

$179,000 - $71,000 = $108,000

So, Windsor, Inc. reported a net income of $108,000 for the month of June 2022. This figure takes into account the company's revenues, expenses, and dividends during that period.

you know more about revenues and expenses pls visit-

https://brainly.com/question/28563249

#SPJ11

Therefore, the average collection period for accounts receivable for the Pina Colada Corp. is 40.8 days. This means it takes, on average, just over 40 days for the company to collect payment from its customers.

The average collection period for accounts receivable, we first need to determine the average accounts receivable balance for the year. We can do this by taking the average of the beginning and ending accounts receivable balances:

Average accounts receivable = (Beginning accounts receivable + Ending accounts receivable) / 2

= ($60,000 + $31,200) / 2

= $45,600

Next, we can use this average accounts receivable balance and the net sales figure to calculate the average collection period:

Average collection period = (Accounts receivable / Net sales) x Number of days in year

The number of days in a year is typically 365 or 360, depending on the accounting convention used. For this example, we will use 365 days.

Average collection period = ($45,600 / $408,000) x 365

= 40.8 days

Learn more about accounts visit: brainly.com/question/14368059

#SPJ4

The correct answer is b. Forward buying.                                                         Forward buying refers to a situation where a buyer purchases more inventory than needed to take advantage of a promotional discount or to ensure supply availability.

This can lead to an increase in demand variability, as the buyer may not purchase the same amount in the future, leading to higher or lower demand than expected. This demand variability can be magnified and distorted as it moves up the supply chain, leading to the bullwhip effect. Vendor managed inventory (a) can actually help reduce the bullwhip effect by allowing suppliers to monitor inventory levels and adjust production accordingly. Using actual demand data (c) and smaller order sizes (d) can also help reduce the bullwhip effect by providing more accurate and timely information to suppliers, leading to more efficient production and inventory management.

Learn more about bullwhip effect here:

https://brainly.com/question/2815747

#SPJ11

The neoclassical view of FDI states that international production should be allocated based on the theory of comparative advantage.

According to the neoclassical view, firms invest in foreign countries in order to take advantage of differences in factor costs, such as labor, capital, and natural resources, and to produce goods and services more efficiently. The theory of comparative advantage suggests that each country should specialize in producing the goods and services in which it has a comparative advantage, and then trade with other countries to obtain goods and services in which it does not have a comparative advantage.

In this view, FDI is seen as a means of achieving greater efficiency in the allocation of resources across countries, and is based on the idea that firms will invest in countries where factor costs are lower or where they have a comparative advantage in producing a particular good or service.

Learn more about “ comparative advantage. “ visit here;

https://brainly.com/question/13221821

#SPJ4

In this case, we are given the semiannual coupon payment of $28.00 and the bond's price of $978.42. To calculate the annual coupon payment, we need to multiply the semiannual coupon payment by two, since there are two semiannual periods in a year:

Annual coupon payment = 2 x $28.00 = $56.00 Next, we can calculate the bond's yield by dividing the annual coupon payment by its market price: Current yield = Annual coupon payment / Market price = $56.00 / $978.42 = 0.057 or 5.7% Therefore, the current yield of the bond is 5.7%. This means that for every $1,000 invested in the bond, the investor can expect to receive an annual interest payment of $56.00, which represents a yield of 5.7%. It is worth noting that the current yield is a measure of the bond's return based on its market price. It does not take into account other factors such as the bond's maturity, credit risk, or inflation. Investors should consider these factors when making investment decisions and consult with a financial advisor if they are unsure about their investment options. Overall, understanding the current yield of a bond is important for investors as it helps them assess the bond's return relative to its market price and make informed investment decisions.

To learn more about bond's maturity here:

https://brainly.com/question/29032629

#SPJ11

The management policy waste for this machine per day is 19.2 units, resulting from the 20% maintenance time allocation and the firm's average production of 200 units per day.

A firm operates a machine that can produce one unit every 5 minutes. Accounting for the 20% maintenance time, the machine's actual production time is 80% of its total availability. In a typical workday with 8 hours (480 minutes) of operation, the machine would have 384 minutes (480 x 0.8) for production. During this time, the machine can produce 76.8 units (384 / 5). However, the firm has managed to produce an average of 200 units per day. To calculate the management policy waste, we first need to find the maximum production potential without maintenance. Without any maintenance time, the machine could produce 96 units per day (480 / 5). Next, we subtract the actual production capacity (76.8 units) from the maximum potential (96 units), resulting in a difference of 19.2 units. This difference represents the waste in production potential due to the management policy.

Learn more about production here

https://brainly.com/question/14293417

#SPJ11

At the end of 5 years, there will be approximately $4262.97 in Kay's account.

To solve this problem, we need to calculate the value of Kay's investment using the formula for compound interest and then account for the withdrawal she made at 3 years.

Step 1: Calculate the value of the investment at 3 years.
Formula for compound interest: A = P(1 + r/n)^(nt)
Where:
A = the future value of the investment
P = the principal amount ($4000)
r = the annual interest rate (0.06)
n = the number of times interest is compounded per year (2 for semi-annually)
t = the time in years (3 for this step)

A = 4000(1 + 0.06/2)^(2*3)
A ≈ $4788.39

Step 2: Account for the $1000 withdrawal at 3 years.
$4788.39 - $1000 = $3788.39 (this is the new principal amount)

Step 3: Calculate the value of the remaining investment at 5 years.
We have 2 more years to reach the 5-year mark, so we'll use t = 2 for this step.

A = 3788.39(1 + 0.06/2)^(2*2)
A ≈ $4262.97

For more about account:

https://brainly.com/question/29108212

#SPJ11

This is an example of Celebrity Endorsement and Transparent Product Information. The actress is leveraging her fame and reputation to promote her line of premium, all-natural baby foods.

An actress creates a line of premium, all-natural baby foods with her backing and detailed information on all the ingredients. This is an example of celebrity endorsement and transparent product information.
1. Celebrity endorsement: The actress supports the product, which can increase the product's credibility and consumer trust.
2. Transparent product information: Detailed information on the ingredients allows consumers to make informed choices about the product.

Overall, this strategy combines the power of celebrity influence with a focus on quality and transparency to create a unique and compelling product offering.

To know more about Celebrity Endorsement

visit:

https://brainly.com/question/30378404

#SPJ11

One of the most effective techniques for establishing a match or balance between source data and the target data warehouse is the process of data mapping.

Data mapping is a systematic approach used to identify, analyze, and align the data elements from the source to the target data warehouse. This technique is essential for ensuring the accuracy and consistency of the data, reducing errors, and minimizing discrepancies between the two data sets. The data mapping process involves identifying the data fields in the source and target systems, analyzing their formats, and matching them based on their characteristics.

This technique may also include the creation of data transformation rules to convert the source data to the target data format. Another critical aspect of data mapping is the establishment of data lineage, which involves tracking the data flow from the source to the target data warehouse. This technique helps to ensure data quality and compliance, as well as facilitate auditing and reporting activities. By ensuring data consistency, accuracy, and compliance, this process helps to improve the overall effectiveness of data integration and supports better decision-making capabilities.

know more about data mapping here:

https://brainly.com/question/30124735

#SPJ11

The technique used in Lean budgeting to solve the challenge of having more good ideas than available funds is called "Value Stream Mapping."

Value Stream Mapping is a process where businesses analyze every step of a process to determine which steps add value and which steps do not. This allows businesses to identify areas where they can eliminate waste and optimize resources, allowing for the allocation of funds to ideas that have a higher chance of delivering value to the organization. This technique enables businesses to prioritize ideas and align them with their strategic goals, resulting in better decision-making and improved financial performance.
In summary, Lean budgeting uses Value Stream Mapping to address the challenge of having more good ideas than available funds. It helps businesses to eliminate waste, optimize resources, prioritize ideas, and align them with strategic goals. This approach ensures that available funds are allocated to ideas that will deliver the most value to the organization.

To know more about Funds visit :

https://brainly.com/question/31749403

#SPJ11