Variable cost per unit produced and sold for 16000 units; $5.00; 4500 units; $4.90; total amount of variable cost related to 16,000 units: $80,000; 24,500 units produced: $120,000; average fixed manufacturing cost per unit: $7.35; total cost of fixed manufacturing overhead: $120.
How to calculate these statements?1. Variable cost per unit produced and sold = Total Variable Cost / Units Produced and Sold
16,000 units produced and sold: Variable cost per unit produced and sold = $80,000 / 16,000 = $5.00
2. 4,500 units produced and sold: Variable cost per unit produced and sold = $120,000 / 24,500 = $4.90
3. Total amount of variable cost related to 16,000 units produced and sold = 16,000 x $5.00 = $80,000
4. Total amount of variable cost related to 24,500 units produced and sold = 24,500 x $4.90 = $120,000
5. Average fixed manufacturing cost per unit produced = Total Fixed Manufacturing Overhead / Units Produced
16,000 units produced: Average fixed manufacturing cost per unit produced = $120,000 / 16,000 = $7.50
6. 24,500 units produced: Average fixed manufacturing cost per unit produced = $180,000 / 24,500 = $7.35
7. Total amount of fixed manufacturing overhead incurred to support 16,000 units production = 16,000 x $7.50 = $120.
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why is the liability section of the balance sheet of primary importance to bankers? question 1 options: to evaluate operating efficiency. to better understand sources of repayment. to assist in understanding the entity's liquidity. to evaluate the entity's credit quality.
The liability section of the balance sheet of primary importance to bankers is C: to assist in understanding the entity's liquidity.
The liability section of the balance sheet is of primary importance to bankers to understand a company's liquidity. Liquidity refers to a company's ability to meet short-term obligations. By analyzing the liability section of the balance sheet, bankers can assess a company's level of liquidity and make informed decisions about lending and managing the risk associated with the loan.
A company with strong liquidity is seen as a lower risk, while a company with weaker liquidity is seen as a higher risk. This information helps bankers make informed decisions about lending to the company.
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what is the 'cost of idle capacity', and how would absorption and variable costing differently account for these costs?
Costs of idle facilities or idle capacity means costs such as maintenance, repair, housing, rent, and other related costs; e.g., property taxes, insurance, and depreciation.
What is absorption costing?Allocating fixed overhead expenses to all units generated during an accounting period is known as absorption costing. All of the variable direct expenses associated with COGS are included in variable costing, but direct, fixed overhead costs are not.
In order to analyse the prospective profitability of various product lines, a corporation should use variable costing rather than absorption costing. By focusing simply on the variable expenses directly associated with production, it is simpler to distinguish the variations in profits from producing one item over another.
A facility's or capacity's idle costs include things like maintenance, repairs, housing, rent, and other related expenses like property taxes, insurance etc.
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2. let's go back to better times for radamel, before his injury. remember he had a weekly allowance of $200 and an hourly wage of $50. suppose that radamel's utility function is
A utility feature is a representation to outline character preferences for items or services beyond the explicit monetary fee of those goods or services.
In different words, it is a calculation for how a good deal anybody wishes something, and it is relative.
What is the use of utility function?As a topic of economics, utility is used to mannequin worth or value. Its usage has advanced drastically over time. The time period used to be delivered at first as a measure of pleasure or happiness as phase of the concept of utilitarianism through moral philosophers such as Jeremy Bentham and John Stuart Mill.
Utility refers to the comprehensive advantages got from consuming an object or service. This sums up the utility definition. Consumers would normally purpose to maximise their utility based totally on rational desire primarily based on financial models.
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you just purchased a parcel of land for $10,000. if you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years?
The land might be sold for $22,441.71 after 10 years if you anticipate a 12% annual rate of return.
The interest that is calculated on both the initial principal and the total interest or investment from prior periods is known as compound interest. Because the money generated in each period is reinvested and earns interest in subsequent periods, it is an effective strategy for building wealth over time.
We may use the compound interest calculation to determine the value of the land after ten years:
A = P * (1 + r)^t
Where: A is the total sum
P = $10,000 (the initial money)
(12%) is the yearly interest rate.
t = the duration in years (10)
Inserting the values:
A = $10,000 * (1 + 0.12)^10
A = $10,000 * 1.12^10
A = $10,000 * 2.244170952
A = $22,441.71
It's crucial to remember that this is only a rough estimate, and actual returns can differ. The value of the land may also be impacted by other factors, such as modifications in the real estate market conditions and regional economic factors.
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the discount rate is equal to 1% and the fed funds rate is equal to .5% what does the prime rate equal?
The prime rate is equal to 5%.
The Fed does not set the prime rate; rather, it is decided by the individual banks. The Federal Reserve Open Market Committee, which consists of twelve members of the Fed, determines the the federal funds rate, that has impact on the prime rate.
The Federal Funds Real Rate sometimes referred to as the overnight rate or fed funds rate, is a rate on which the premier rate is loosely based. The Block Grants Target Value plus 3% is the standard formula for calculating the prime rate. Therefore, the prime rate is 4.00% if the current federal funds rate is 1.00%.
The current mortgage rate that U.S. financial institutions charge their most valuable clients is known as the prime rate. These clients qualify for this best rate due to their great credit.
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Which type of leadership style should be used when the group has a strong sense of teamwork and a familiar routine?
Pilihan jawaban
a. Laissez Faire
b. Visionary
c. Autocratic
d. Democratic
Use a laissez faire leadership approach when there is a strong sense of teamwork and a routine that is well-known to the group.
What leadership style is most effective for managers today?Because it encourages everyone to engage in all processes, voice their thoughts, and trust that you will hear them, the democratic leadership style is one of the most successful. Employee engagement is also boosted by the knowledge that their opinions will be heard.
What does a transformative leadership approach entail?A leadership style known as transformational leadership affects both social systems and individual behaviour. In its optimal state, it brings about significant and constructive change in the followers with the ultimate objective of transforming followers into leaders.
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a company was formed with $60,200 cash contributed by its owners in exchange for common stock. the company borrowed $30,200 from a bank. the company purchased $10,200 of inventory and paid cash for it. the company also purchased $70,200 of equipment by paying $10,000 in cash and issuing a note for the remainder. what is the amount of the total assets to be reported on the balance sheet?
The total assets on the balance sheet will be $150,600
Cash from owners of $60,200 + Cash from the borrowing of $30,200 + Inventory purchased for $10,200 - Cash paid for an inventory of $10,200 + Equipment purchased for $70,200 - Cash paid for equipment of $10,000 = $150,600
An organization's assets, liabilities, and shareholders' equity are listed on a balance sheet at one particular time (as indicated at the top of the statement). One of the key records that go into a company's financial statements is this one.
A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, together with an income statement and a cash flow statement, may aid business leaders in assessing the financial health of their organization.
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business analysis is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders. true false
TRUE: Business analysis seems to be the discipline of facilitating change inside an organization by identifying requirements and suggesting solutions that benefit all parties.
Define the term business analysis?By identifying problems and putting forth recommendations for solutions that benefit stakeholders, business analysis is the method of allowing change within an organizational setting. Business analysis is the process of identifying a company's needs, completing tasks to ascertain those needs using specialized approaches, and then advocating adjustments and offering solutions that add the stakeholders value.Finding answers to business challenges and identifying company needs are the goals of business analysis.
Businesses rely on three different forms of analytics to help them make decisions: descriptive analytics, which explain what has actually occurred; predictive analytics, where show us what might happen; prescriptive analytics, which explain what ought to occur going forward.Thus, business analysis seems to be the discipline of facilitating change inside an organization by identifying requirements and suggesting solutions that benefit all parties.
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what does a upward-sloping yield curve imply, according to the expectations theory of the term structure of interest rates
An upward-sloping yield curve imply that d. Investors expect future short-term interest rates to be higher than the current short-term interest rate.
The yield curve's overall shape reflects market members' anticipation of future interest rates, according to the expectations theory of interest rate term structure. If the yield curve slopes upward and long-term interest rates are higher than short-term interest rates, analysts believe short-term interest rates to rise in the future. This is because investors need a more significant yield to make up for the anticipated rise in short-term interest rates as long-term bonds are more susceptible to changes in the overall interest rates.
On the other hand, when short-term levels are higher than long-term rates, a downward-sloping yield curve demonstrates that investors forecast short-term interest rates will decline in the foreseeable future. Investors anticipate a fall in short-term interest rates in this situation, therefore they are willing to accept a lower yield on long-term bonds.
Complete Question:
what does an upward-sloping yield curve imply, according to the expectations theory of the term structure of interest rates
a. Investors expect long-term interest rates to fall in the future.
b. Investors expect future short-term interest rates to be lower than the current short-term interest rate.
c. Investors expect future short-term interest rates to be the same as the current short-term interest rate.
d. Investors expect future short-term interest rates to be higher than the current short-term interest rate.
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only manufacturing companies have finished goods inventory. question content area bottom part 1 true false
The statement is True. Most effective production businesses have finished goods stock.
Production is the creation or manufacturing of products with the help of equipment, exertions, machines, equipment, and chemical or biological processing or formula. it is the essence of the secondary zone of the financial system. The time period can also talk over with a number of human hobbies, from handicrafts to excessive tech, but its miles are most typically carried out in industrial design, wherein raw materials from the number one quarter are transformed into finished items on a big scale. Such items can be sold to other producers for the production of different more complicated merchandise (along with aircraft, household appliances, fixtures, sports activities systems, or cars), or dispensed thru the tertiary enterprise to end customers and purchasers (usually via wholesalers, who in turn promote to shops, who then promote them to person customers).
Production engineering is the field of engineering that designs and optimizes the production procedure, or the stairs thru which uncooked materials are transformed right into a very last product. the manufacturing procedure starts with the product layout, and materials specification. these materials are then modified through production to emerge as the preferred product.
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which section of the adjusted trial balance is used to help prepare the income statement?
An income statement can be made using details from the trial balance's revenue and expense account sections.
For the income statement, what trial balance is used?To confirm that the balances in the balance sheet are accurate, utilize the trial balance for the balance sheet. 2. All of the revenue and spending accounts from the company's income statement are listed in the income statement trial balance.
Is the adjusted trial balance used in the income statement?The following information about net income and dividends is obtained from the income statement and the adjusted trial balance, respectively. Beginning retained earnings are always listed first in the statement of retained earnings. Retained profits at the beginning equal the sum at the end of the prior period.
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cyclical unemployment is characterized as: a unemployment that occurs when people are between jobs. b a situation when there are not good matches between available jobs and the skills people have. c the normal unemployment around which the actual unemployment rate fluctuates. d the deviation in the actual rate of unemployment away from the natural rate. e unemployment that occurs when people go back to school for retraining.
Correct answer is option D. Cyclical unemployment is characterized as the deviation in the actual rate of unemployment away from the natural rate.
Cyclical unemployment is the portion of overall unemployment caused directly by economic ups and downs. Typically, unemployment rises during downturns and falls during economic expansions.
A major motivation for studying economics and the goal of the different policy tools that governments use to stimulate the economy is to reduce cyclical unemployment during recessions.
The impact of an economic downturn or growth on the overall unemployment rate is referred to as cyclical unemployment. Cyclical unemployment is a major area of economic policy because it rises during downturns and falls all through expansions.
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scarcity is a problem because... a. not everyone has the same amount of resources, such as land and labor b. there are only small quantities of resources available on earth c. unemployment exists, and therefore some people do not have enough resources to meet their basic needs. d. there are not enough resources to produce all the goods and services people want to purchase.
Based on the economic concept, and the available options, Scarcity is a problem because there are not enough resources to produce all the goods and services people want to purchase
What is Scarcity?Scarcity is a term that is used to describe the key concepts of economics.
Generally, the term means that the demand for a good or service is greater than the availability of the good or service. Hence, scarcity can limit the choices available to the consumers who ultimately make up the economy.
Scarcity is the basic economic there are not enough resources to produce all the goods and services people want to purchase, when they can't be in two places at once, among other things.
Hence, in this case, it is concluded that the correct answer is option D.
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controls can cost the organization through question 23 options: decentralized decision-making. opportunity recognition. botched implementation. layoffs
The controls can be in various ways like poorly done implementation, improved capacity to handle and start.
How can the controlling in cost occur?1.c) a poorly done implementation.
2. b) improved capacity to handle complexity and unpredictability
- Benefits are never the costs. There are measures in place to effectively manage complexity and ambiguity.
3. (b) start.
Financial control is the management of a company's expenses and costs to control them in relation to planned amounts. Non-financial controls are those that do not directly affect money. Non-financial controls, as opposed to financial controls, keep an eye on aspects of the organization that aren't immediately monetary in nature but are expected to result in successful execution.
So, the cost can be controlled by implementation, improved capacity to handle complexity and start.
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which of the following is not generally a driving force capable of producing fundamental changes in industry and competitive conditions? changes in the long-term industry growth rate increasing globalization of the industry product innovation and technological change ups and downs in the economy and interest rates new government regulations or significant changes in government policy toward the industry
A.Changes in the long-term industry growth rate is not generally a driving force capable of producing fundamental changes in industry and competitive conditions.
What is industry growth rate ?The speed at which a market is growing. Typically, this is stated as a percentage each year. Comparisons of market growth serve as a key indicator of a business's development. When estimating the development of a specific product in a given market, the market growth rate is a crucial component to take into account.An industry's, organization's, or idea's growth is the expansion of its size, income, or significance.
Hence the correct answer is A.Changes in the long-term industry growth rate.
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a list of all account names used to record transactions of a company is referred to as a: multiple choice financial statement. transaction. journal. chart of accounts.
A list of all account names used to record transactions of a company is referred to as a chart of accounts.
What is transactions?
A transaction is an exchange of goods, services or money between two or more parties. Transactions occur in a variety of different ways, from person to person, from business to business, from business to consumer and from consumer to business. Transactions are tracked in an accounting system and are used to generate financial reports such as income statements and balance sheets. Transactions can be recorded manually or electronically. Generally, the transaction is recorded when money or goods exchange hands. Additionally, a transaction may require a contract to be signed or an invoice to be issued.
A Chart of Accounts is a list of all the accounts used by a company to record its financial transactions. It includes all of the company's assets, liabilities, equity, income, and expenses, as well as any special accounts that the company has set up to track specific transactions.
So, D is correct.
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marketers can control the external environment in which their organizations operate.A) TrueB) False
False! Marketers may be able to affect the external environment and control the marketing mix, but they have little control over the overall environment wherein their firms operate.
Examples of the external marketing environment, please?Examples include sociocultural, political, legal, and economic factors as well as demographic and economic trends.These variables are beyond your control, and they may have an impact on your business and its operations.The COVID-19 epidemic, for instance, altered how businesses function.
Which four components make up the outside marketing environment?Marketing managers should pay attention to social, economic, economic, technological, political, legal, and competitive elements inside the external environment.
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can you deduct medicare premiums on your tax return?
Answer:
no.
Explanation:
if the supply and demand curves for a product both decrease, then equilibrium
If the provide and demand curves for a product each decrease, we can say that equilibrium: a) quantity and equilibrium fee need to each decline. b) volume have to decline, but equilibrium charge may also both rise, fall, or stay unchanged.
What happens to equilibrium when grant and demand both decrease?If each demand and provide decrease, there will be a limit in the equilibrium output, however the effect on fee can't be determined.
A reduce in demand will purpose the equilibrium price to fall; extent supplied will decrease. An enlarge in supply, all other matters unchanged, will motive the equilibrium price to fall; extent demanded will increase. A reduce in provide will purpose the equilibrium fee to rise; quantity demanded will decrease.
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https://brainly.com/question/1222851#SPJ4which are processes used in screening employees for their ethics? choose all correct answers. (choose every correct answer.)
-Background Checks
-Criminal Record Checks
-Reference Checks
-Drug Tests
-Personality Assessments
-Skill Assessments
What is ethics?Generally, Bioethics is the study of ethical issues related to the life sciences and the applications of the life sciences. It includes the examination of ethical issues that arise in the practice of medicine, research, and other areas of healthcare. It also examines the ethical implications of new technologies and emerging areas of research and practice, such as genetic engineering and stem cell research. Bioethics covers a wide range of topics, including end-of-life decisions, organ donation, reproductive technologies, animal experimentation, and the ethical implications of genetic testing and manipulation.
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an economic sacrifice resulting from operating activities undertaken to generate revenue is called a(n)
An economic sacrifice, a decline in assets, or a rise in liabilities, as a result of operating activities carried out to generate revenue can all be considered expenses.
The operating costs needed to generate money for a business are called expenses. It alludes to the movement of funds obtained in return for goods or services. An alternative way to state expenses is to add up all of the things you usually do to make money.
The cost of sales, fulfilment, marketing, technology and content, general and administrative, and other costs are included in operating expenses. Interest expense (and revenue), as well as other expenses, are included in non-operating costs (income).
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how does this policy affect the demand curve for business investment? the demand curve for business investment
The increase in subsidies that create more investment opportunities will cause the demand curve for business investments to skew to the right regardless of interest rates.
While the curve for residential investments will remain unchanged. The annual volume of investment spending at each interest rate is shown on the investment demand curve, assuming that none of the other factors that drive investment change.
The curve shows that when the interest rate falls, annual investment rises. Investment changes cause the aggregate demand curve to be shifted to the right or left by an amount equal to the initial investment change multiplied by the multiplier.
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if two states work together to lower trade barriers and improve their shared environment, the theoretical paradigm that best understands this phenomenon is:
If two states work together to lower trade barriers and improve their shared environment, the theoretical paradigm that best understands this phenomenon is interdependence theory.
Interdependence theory is also referred as interdependence and cooperation theory. This theory propose that the actions of one actor, such as a state, would impact the well-being and the behavior of other actors, and that actors can work together to achieve the mutually beneficial outcomes.
In this following case, the two states which work together to lower trade barriers and improve their shared environment aligns with the idea of interdependence and cooperation. Interdependence theory is a known social exchange theory which states that interpersonal relationships are defined through interpersonal interdependence, which is defined as "the process by which interacting people influence one another's experiences"
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after creating a vision as part of the strategic management process, what must a a firm establish next? multiple choice question.
The firm must establish objectives, strategies, and action plans after creating a vision.
A. ObjectivesB. StrategiesD. Action PlansAfter creating a vision as part of the strategic management process, the firm must then establish objectives, strategies, and action plans in order to implement its vision.
Objectives set out the measurable outcomes that the firm is aiming to achieve, strategies are the broad approaches that will be taken to achieve the objectives.
Action plans outline the specific steps that will be taken to implement the strategies. Together, these three elements form the foundation of a successful strategic management process.
Here's the full task:
After creating a vision as part of the strategic management process, what must a firm establish next?
Multiple choice question:
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reference in a principal auditor's report to the fact that part of the audit was performed by another auditor most likely would be an indication of the:
Referencing the fact that a portion of the audit was carried out by another auditor in a principal auditor's report is likely a sign that "auditor's specialists" or "sub-auditors" were employed.
A sub-auditor, usually referred to as an auditor's specialist, is a person or business that the lead auditor hires to help with a particular area of an audit. When the primary auditor needs particular knowledge or resources that are not offered by their own business, they hire a sub-auditor. The sub-auditor is in charge of carrying out the audit processes pertinent to the area of specialisation and reporting the findings to the principal auditor. After reviewing the sub-work, auditor's the lead auditor decides whether or not to include it in their final audit conclusion. When auditing large or complicated businesses where specialist knowledge is needed, sub-auditors are frequently used.
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renfro rentals has issued bonds that have a 7% coupon rate, payable semiannually. the bonds mature in 17 years, have a face value of $1,000, and a yield to maturity of 6.5%. what is the price of the bonds?
The cost of the 7% semi-annually reimbursable coupon bond issued by Renfro Rentals is $986.23.
The price of a bond can be calculated using the formula:
Price =
(Coupon Payment / Yield to Maturity) * (1 - [tex](1 + Yield to Maturity)^-n[/tex]) + (Face Value / ([tex]1 + Yield to Maturity)^n[/tex])
where n = number of periods until maturity and Coupon Payment Coupon Rate * Face Value / 2 (since the coupon is payable semiannually).
Plugging in the given values:
Coupon Payment - 7% * $1,000 / 2 = $35
Yield to Maturity = 6.5%
n - 17 years * 2 = 34 periods
Price = ($35 / 6.5%) * (1 - ([tex]1 + 6.5%)^-34x^{2}[/tex]) + ($1,000 / [tex](1 + 6.5%)^34[/tex])
Price = $986.23
A bond is a type of investment where an investor loans money to an entity (such as a corporation or government) with the promise of repayment of the principal plus interest (coupon payments) at a specified date (maturity date).
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the subspecialty that involves the study of the assessment, measurement, and selection of people in their jobs is:
The subspecialty that involves the study of the assessment, measurement, and selection of people in their jobs is Industrial-Organizational Psychology (I-O psychology).
I-O psychology is a branch of psychology that focuses on the application of psychological principles to the workplace. It involves the study of how people behave in organizations, how organizations can be structured to improve worker satisfaction and productivity, and how individuals can be selected, trained, and evaluated to perform effectively in their jobs.
One of the key areas of focus in I-O psychology is personnel selection, which involves the use of psychological assessment tools to measure an individual's abilities, skills, and personality traits to predict their job performance. This can include a wide range of assessments such as aptitude tests, personality tests, and structured interviews. The goal of personnel selection is to identify the best candidates for a job, by considering not only their technical skills, but also their fit with the company culture, motivation, and other factors that may impact their performance.
I-O psychologists also study the measurement of job performance, by developing and validating objective measures of worker output and effectiveness. This can include the use of performance appraisals, 360-degree feedback, and other methods to evaluate an individual's contributions to the organization.
Finally, I-O psychologists also study the design of work environments and organizational structures to improve worker satisfaction and productivity. This can involve examining factors such as work schedules, job design, communication patterns, and leadership styles, and making recommendations for improvement.
In conclusion, I-O psychology plays a critical role in the study of personnel selection, performance measurement, and workplace design. It helps organizations to attract, select, and retain the best employees, while also improving the overall work environment and promoting worker satisfaction and productivity.
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When an economy produces more smartphones and fewer cars, it is answering the _____ question.
When an economy produces more smartphones and fewer cars, it is answering the allocation of resources question.
What does the decision reflect?This decision reflects the choices that an economy is making about how to allocate its resources (such as labor, capital, and raw materials) among different goods and services.
By choosing to produce more smartphones and fewer cars, the economy is indicating that it values smartphones more highly and believes that the production of smartphones will bring more benefits to society compared to the production of cars. The allocation of resources question is one of the central concerns of economics and is a critical aspect of the functioning of an economy.
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if several incumbents, supervisors, and peers respond in similar ways to job analysis questionnaires, it suggests that the results are most likely to be .
When numerous incumbents, managers, and peers reply to job analysis surveys in a consistent manner, it shows that the findings are most likely to be accurate.
What is a questionnaire for employment analysis?The Work Analysis Questionnaire (JAQ) is a tool for gathering data that is specifically intended to learn about the responsibilities, physical demands, and other requirements of a given job, rather than the person performing the job.
The JAQ will be utilized to support the job categorization and compensation competitive analysis study being carried out by CBIZ Talent and Compensation Solutions. The JAQ will be used by CBIZ to evaluate job descriptions and determine the competitive market pay for our roles.
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formal standards and rules, based on beliefs about right or wrong, that managers can use to help themselves make appropriate decisions with regard to the interests of their stakeholders are
The correct answer to the question above is "codes of ethics". A code of ethics is formal rules and standards, based on beliefs about right or wrong, that managers can use to make the appropriate decisions in the best interests of their stakeholders.
Ethics is moral principles that govern a person's behavior or conduct of an activity. Social ethics is a standard that governs how members of society deal with each other on issues such as fairness, poverty, and other societal problems. Professional ethics is a standard hat governs how a member of a profession makes a decision and how they should behave.Learn more about ethics at: https://brainly.com/question/13402919
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