Lako Systems should perform a Needs Analysis to gather information about which employees require training and which do not.
To determine which employees require training and which do not, Lako Systems should perform a training needs analysis. This analysis can be done through various methods such as surveys, interviews, assessments, and job analysis. The goal of this analysis is to gather information on the current skills, knowledge, and abilities of the employees, and compare them to the required skills and knowledge for their job. This information can then be used to identify gaps in the employees' skills and knowledge, and help prioritize and plan the training budget effectively. A Needs Analysis is a systematic process of gathering and analyzing data to determine if a training solution is needed to address a specific performance gap or problem. The analysis helps determine the current skills, knowledge and performance levels of employees, and identifies areas where additional training may be needed to improve performance.
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the principle that assets should be recorded at their original cost to the company is the princip of?
The idea of Historical Cost states that assets should be reported at their original cost to the firm. This concept suggests that assets should be documented at their acquisition.
cost rather than their current market value. The historical cost offers a consistent and objective basis for valuing assets and aids in financial reporting consistency across time. The idea of Historical Cost states that assets should be reported at their original cost to the firm. This concept suggests that assets should be documented at their acquisition. the principle that assets should be recorded at their original cost to the company is the principle The idea of Historical Cost states that assets should be reported at their original cost to the firm. This concept suggests that assets should be documented at their acquisition.
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Maria is an industrial engineer at a toyota plant. indicate how mariya should change her production plans in response to each change in market conditions.
change in market conditions.
a. An engine supplier decreases the price it charges Nissan by 50%.
As a result, Nissan's cost of production will _____ and Nissan should _____ its supply.
b. Workers unionize and demand a 12% across-the-board raise.
As a result, the cost of production will ______ and Nissan should ____ its supply.
A. An engine supplier decreases the price it charges Nissan by 50%. As a result, Nissan's cost of production will decrease and Nissan should increase its supply.
B. Workers unionize and demand a 12% across-the-board raise. As a result, the cost of production will increase and Nissan should reduce its supply.
What is meant by cost of production?Cost of production refers to the total amount of expenses incurred by a company in producing a product or providing a service. This can include direct costs such as raw materials, labor, and manufacturing overhead, as well as indirect costs such as advertising, marketing, and administrative expenses.
The cost of production is an important factor for a company to consider when determining the price of its products or services, as well as for making decisions about future production plans. The goal of many companies is to minimize their cost of production in order to maximize profits and remain competitive in the market.
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which of the following is a way to tell how an organization is doing in meeting its social responsibility goals? group of answer choices financial report government initiative executive summary social audit governmental mandate
Social Audit is a way to tell how an organization is doing in meeting its social responsibility goals.
What Is a Social Audit?A social audit is a formal review of a company's attempts, procedures, and code of conduct regarding social responsibility and the company's effect on society. A social audit is an evaluation of how well the company is achieving its goals or bench marks for social responsibility.
Social responsibility is the duty of business to do no harm to society. In other words, in their regular operations, businesses should be worried about the welfare of society and thoughtful of how its actions could affect society as a whole.
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an increase in the price of metal raises the cost of manufacturing dishwashers. as a result, the market changes to a new equilibrium because of
An increase in the price of metal raises the cost of manufacturing dishwashers, which leads to a change in the market to a new equilibrium because of the law of supply and demand.
In economics, the law of supply and demand states that the price of a product is determined by the balance between the quantity of that product that consumers are willing and able to purchase (the demand) and the quantity that producers are willing and able to supply (the supply). When the cost of producing a product increases, producers will be less willing to supply the product at the same price, which will shift the supply curve to the left.
In this case, the increase in the cost of manufacturing dishwashers due to the rise in the price of metal will lead to an increase in the cost of production and reduce the supply of dishwashers. This will result in a higher price for dishwashers and a lower quantity demanded. As a result, a new market equilibrium will be established at a higher price and a lower quantity of dishwashers.
Therefore, the increase in the price of metal leads to a change in the market to a new equilibrium because of the impact on the supply and demand of dishwashers.
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An increase in the price of metal raises the cost of manufacturing dishwashers. as a result, the market changes to a new equilibrium because of?
roderick has plans to accumulate $1,000,000 in his retirement account by the time he retires. roderick will be able to meet that goal by
By the time he retires, Roderick wants to have $1,000,000 in his retirement account. By thinking about working with a financial advisor, Roderick will be able to achieve that goal.
Actually, according to statistics, 10% or so of retirees have funds of $1 million or more. However, the majority of retirees have much less money saved. Consider working with a financial advisor if you want to be one of the minority savers but aren't sure where to begin.
After you quit working, your retirement might last up to 25 years, according to Fidelity Investments. However, a million dollars in retirement savings will only last for roughly ten years in some states with high cost of living, like Hawaii.
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sydney is the human resource manager at alba company. she needs to lay off twenty employees who are all located at her facility. which communication channel is best for delivering the layoff information?
Face-to-face contact is typically recommended when resolving employee performance issues, layoffs, or restructurings. Another means of informing staff members is over the phone.
Which type of communication has the most information?Face-to-face communication is by far the richest type of communication since it transmits a wide range of information (verbal and visual clues) and enables quick feedback that is just as rich as the original message. Consider how much your communication partner's nonverbal cues will reveal.
A sender, an encoder, a receiver, and a decoder are all terms used to describe the person who sends a message.The individual who creates the communication and conveys it to the recipient is known as the sender.
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what is the hurdle rate? group of answer choices the cost of debt the cost of financing the cost of equity how quickly firms can get loan approavls
Option A is correct. Hurdle Rate is cost of financing. A hurdle rate is the base pace of profit from a task or venture expected by a director or financial backer.
It permits organizations to go with significant choices on the choice about whether to seek after a particular undertaking. The obstacle rate portrays the fitting pay for the degree of chance present — more dangerous tasks for the most part have higher obstacle rates than those with less gamble.
To decide the rate, coming up next are a portion of the areas that should be thought about: related gambles, cost of capital, and the profits of other potential speculations or undertakings. Hurdle rates are vital in the business world, particularly with regards to future undertakings and activities. Organizations decide if they will take on capital undertakings in view of the degree of hazard related with it. On the off chance that a normal pace of return is over the obstacle rate, the speculation is viewed as sound. Assuming that the pace of return falls underneath the obstacle rate, the financial backer might decide not to push ahead. An obstacle rate is likewise alluded to as an equal the initial investment yield.
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Correct Question -
What is the hurdle rate?
a. cost of financing
b. how quickly firms can get loan approvals
c. the cost of equity
d. the cost of debt
Every society faces trade-offs because we live in a world of scarcity. Suppose a student-athlete has the opportunity to earn $1,000,000 next year playing for a minor league baseball team, $700,000 next year playing for a European professional football team, or $0 returning to college for another year.
The opportunity cost of the student-athlete going back to school the following year is $1 million.
What connection exists between trade-offs and the choice of scarcity?When demand exceeds supply due to scarce resources, scarcity results. Because of scarcity, society is forced to make compromises—we must give up some things in order to have more of others.
Is the study of decisions people make to reach their objectives in light of their limited resources?Economics is the study of the decisions that customers, company owners, and public servants make in order to achieve their goals in the face of resource scarcity. Because of scarcity, which means that while our demands are limitless but there are few resources available to satisfy them, we are forced to make decisions.
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In the context of using salesforce opinion for forecasting, identify true statements about salesforce opinions as a source of information for the forecast.
a. The salesforce is a good, unbiased source of information about customers' long-term wants and needs.
b. The salesforce is less likely to be able to distinguish between what customers would like to do and what they actually will do.
c. The salesforce is often aware of any plans the customers may be considering for the future.
d. The salesforce is likely to undermine the recent trends in demand.
The true and the false statements have been identified below
What statements are true or false based on sales force?a. False. Salesforce opinions can be biased as sales representatives may have their own agendas and perspectives, which can influence their view of customer needs and wants.
b. True. Salesforce representatives may have limited visibility into customers' decision-making processes and may not have a clear understanding of what customers will actually do.
c. False. The salesforce may not necessarily be aware of customers' plans for the future, as this information may not have been communicated to them.
d. False. The salesforce can provide valuable information about recent trends in demand, as they are likely to have regular interactions with customers and can provide insight into current customer needs and wants.
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describe why building relationships with customers and partners is important. how is this accomplished?
Building relationships with customers and partners is important for a number of reasons. Firstly, it helps to establish trust and loyalty, which can lead to repeat business and positive word-of-mouth referrals.
It is possible to develop relationships with clients and business partners in a number of ways. Several crucial tactics include:
Building healthy relationships requires open, constant communication. Face-to-face meetings, emails, phone conversations, and even social media can be used for this.If customers and partners are pleased with the goods and services they get, they are more inclined to develop a connection with a firm.Strong relationships with clients and partners may be built via loyalty programs, discounts, and other incentives.It's critical to hear what clients and business partners have to say so that changes may be made to goods and services.Making personal connections with clients and business partners may promote trust and foster a more intimate relationship.For such more question on Partner:
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businesses demand loanable funds to group of answer choices finance installment debt. none of these are correct. invest in long-term (fixed) assets. subsidize other companies.
Businesses demand loan able funds to group of answer choices finance installment debt are purchase inventory.
What is the finance ?Finance is the area of economics that studies the management of money and other assets. It involves the creation, study, and usage of money, investments, banking, credit, assets, liabilities, and financial markets. The primary goal of finance is to maximize the value of money over time. Financial activities include planning, investing, borrowing, lending, budgeting, saving, and forecasting. Finance professionals advise individuals, businesses, and governments on how to best manage their financial resources in order to achieve their desired objectives. Finance also deals with the impact of taxes, regulations, and other legal requirements on financial decisions.
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a newspaper reports that the price of gasoline decreased and the quantity sold increased. in a competitive market, this situation would most likely be the result of
As you can see, a rise in demand results in an increase in the equilibrium price. On the other side, a drop in demand results in a rise in the equilibrium price.
Binding price ceilings are those that take place or occur when the government sets or declares the necessary price on the items or products and the price is established at a price below the equilibrium. It is carried out in accordance with the government's wishes so that prices won't increase or rise above the predetermined price, which controls the market for that good or service. Therefore, if the government removes the bid price from the market, the price that buyers pay will grow as a result of the potential price increase, which will also result in a rise in the market's amount of goods sold.
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if sales revenue is $120 million and accounts receivable increased by $20 million, the amount of cash received from customers:
The answer is $100 million, if sales revenue is $120 million and accounts receivable increased by $20 million, the amount of cash received from customers is 100 million dollars.
What is a sale?A sale is a deal that involves giving something away in exchange for cash and/or other goods or services. In other terms, a sale is any action that involves giving the buyer ownership of a thing or commodity in return for payment of a certain amount.
What does the word "sales" mean in business?Any transaction where money or value is transferred for the right to own a good or access to a service is referred to as a sale in regular commercial operations. The term "sales" in accounting refers to the money a business makes through selling goods or services (net sales).
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the most common types of entities are: group of answer choices strong entities. weak entities. smush entities. associative entities.
Strong entities are the most common types of entities. Strong entities are objects that are independent and have their own separate existence, such as a person, place, or thing.
What do you mean by Strong entities?
Strong entities are objects in a database that can be identified and tracked independently of other objects. They are considered the most important and integral part of the database. They are typically represented by a primary key or unique identifier and have a number of associated attributes that describe or define the entity. Examples of strong entities include customers, products, and employees. Strong entities can be related to other entities in a database, forming a relationship, but they can also exist independently of other entities. They are the main focus of a database, and the relationships and attributes associated with them are used to create meaningful data.
So, The required answer is Strong entities.
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a. explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets. b. if perfect markets existed, would wages, prices, and interest rates among countries be more similar or less similar than under conditions of imperfect markets? why?
A). Because of imperfect markets, resources cannot be easily and freely retrieved by the MNC. Consequently, the MNC must sometimes go to the resources rather than retrieve resources (such as land, labor, etc.).
B). If perfect markets existed, resources would be more mobile and could therefore be transferred to those countries more willing to pay a high price for them.
Imperfect markets are characterized by means of having competition for market proportion, high limitations to access and go out, unique services and products, and a small variety of customers and sellers. ideal markets are theoretical and can not exist within the real world; all real-global markets are imperfect markets.
A super marketplace is characterized by using ideal opposition, market equilibrium, and an unlimited quantity of buyers and dealers. Imperfect markets do not meet the rigorous requirements of a hypothetical perfectly or simply competitive marketplace. Imperfect opposition occurs while at least one condition of a really perfect marketplace isn't always met. Examples of imperfect opposition consist of, however, aren't restrained to, monopolies and oligopolies.
A monopoly is the kind of imperfect opposition in which a seller or producer captures the general public of the market share due to the shortage of substitutes or competitors. A monopolistic opposition is a kind of imperfect competition in which many sellers attempt to capture the marketplace percentage by differentiating their products.
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suppose the median household earned $9,199 in 1976 and $52,188 in 2016. during that time, also suppose the cpi rose from 54.7 to 210.09. instructions: round your answers to one decimal place. a. the total growth rate in nominal median household income from 1976 to 2016 was: 4.7 %. b. the total growth rate in real median household income from 1976 to 2016 was
The growth rate of the following question are:
a) The total growth rate in nominal median household income from 1976 to 2016 was: 4.7 % is $20,902.25.
b) The total growth rate in real median household income from 1976 to 2016 was 150%.
What is growth rate?
Growth rate is a measure of the rate of increase in the size or value of something over a period of time. It is typically expressed as a percentage and is often used to gauge the performance of an economy, a business, an industry, or a sector.
We can calculate the CPI-adjusted median household income of 1976 by multiplying the income of 1976 by the CPI of 2016, then dividing by the CPI of 1976: $9,199 x 210.09/54.7 = $20,902.25
The total growth rate in real median household income from 1976 to 2016 can then be calculated by dividing the adjusted median household income of 2016 ($52,188) by the income of 1976 ($20,902.25) and subtracting one: (52,188/20,902.25) - 1 = 1.50
Therefore, the total growth rate in real median household income from 1976 to 2016 was 1.50 or 150%.
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economic growth equals the percent change in nominal gross domestic product (gdp) minus the a. percent change in prices and the rate of population growth. b. percent change in prices. c. rate of population growth. d. percent change in prices and the federal budget deficit. e. rate of population growth and the percent change in investment.
Option d is correct. Economic growth equals the rate of change in nominal Gross Domestic Product (GDP) minus inflation and the federal budget deficit.
The term nominal Gross Domestic Product (GDP) refers to GDP valued at current market prices. Simply put, nominal GDP is the total value of all goods and services produced in a given period minus the value of those produced during the production process. is the monetary value of the goods and services of Nominal GDP is one way to measure how well the economy is doing. It differs from real GDP in that it does not include price fluctuations due to inflation.
A country's nominal Gross Domestic Product measures the economic output of its economy, but its calculation includes current prices of goods and services.
GDP is usually measured as the monetary value of goods and services produced. Comparing one period to another, nominal GDP does not slow down the pace of inflation, so it can inflate growth.
An annual increase in nominal GDP may reflect rising prices rather than an increase in the number of goods and services produced. Real GDP starts with nominal GDP, but takes into account price changes over time.
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The supply curve is upward-sloping because higher prices ________. a) are needed to cover higher marginal costs b) encourage customers to switch to substitute goods c) make customers willing to pay more for a good d) are needed to reflect higher marginal utility
The supply curve is upward-sloping because higher prices encourage customers to switch to substitute goods. The Option C is correct.
What does an upward sloping supply curve mean?The supply curve slopes upward because suppliers can choose how much of their goods to produce and later sell. However, at any given time, the supply that sellers bring to market is fixed, and sellers simply face the decision of selling or withholding their stock from a sale; consumer demand sets the price, and sellers can only charge what the market will bear.
If consumer demand rises over time, so will the price, and suppliers can choose to devote new resources to production (or enter the market), increasing the quantity supplied.
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store a sells three times as many products as store b and one fourth as many as store c. if store c sells 166,520 products, how many products does store b sell?required question. 13,877 41,630 124,890 222,027 499,560
The product sell by store b as per given relation to store a and c is equal to 13,877.
Let the products sell by store 'a' be 'x'
And the product sell by store 'b' and 'c' be 'y' and 'z' respectively.
Product sell by store 'a'= Three times of product sell by store b
⇒ x = 3y __(1)
Product sell by store 'a'= One fourth times of product sell by store 'c'
⇒ x = ( 1 / 4 )z ___( 2 )
Product sell by store 'c' is z = 166,520
Substitute the value of 'z' in equation (2 ) we get,
x = ( 1 / 4 ) × 166,520
⇒ x = 41,630.
Now , product sell by store 'b' is
y = ( 1 / 3 ) x
⇒ y = ( 1 / 3 ) × 41,630
⇒ y = 13,876.666
⇒ y = 13,877
Therefore, the product sell by store 'b' is equal to 13,877.
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England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweater per hour. Suppose that a Scottish worker can produce 40 scones per hour or 2 sweaters per hour.______________ workers have a comparative adv in producing scones and _____________ workers have a comparative adv in producing sweaters
Scones are produced by English employees with a comparative advantage, whereas sweaters are produced by Scottish workers with a comparative advantage.
What are the roles of a worker?Users have a legal obligation as a worker to protect your own safety and health and not endanger anyone else. Ensure your personal safety and health. Don't put people in danger. Respect other people. expressing safety worries Additional data.
What is a worker category?Workers are categorised based on the ownership structure of the employing firm. This variable indicates whether the participant is self-employed, employed by the government, or employed by the private sector. In most cases, the class of worker category is unrelated to industry and occupation.
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What is the shift toward a more integrated and interdependent world economy called?
Answer:
Globalization
Explanation:
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
a buyer wants to run a small business out of a residential property. in this case, the broker should
In this case, the broker must inform the buyer about the laws and zoning regulations in the area. Zoning laws dictate what types of businesses are allowed to operate in residential areas and can affect a buyer's ability to run a small business from the property. Brokers should advise buyers to check with local authorities or consult local attorneys to ensure that the intended use of the property complies with local zoning regulations. In addition, the broker must also inform the buyer of any potential limitations or limitations associated with operating the business from the residential property, such as parking requirements, noise restrictions and increased liability risks. This information will help buyers make informed decisions about the suitability of the property for their business needs and determine if additional steps are needed, such as obtaining special permits or making modifications to the property.
A broker is a professional who acts as an intermediary between buyers and sellers in various transactions, such as real estate, securities or insurance. Brokers provide information, advice and assistance to buyers and sellers to help them make informed decisions and facilitate transactions.
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multiple choice question productivity is a relative measure, and must be compared to something else meaningful to be effective. what are the three ways of measuring productivity? multiple choice question. partial productivity measure, multifactor productivity measure, and total factor measure of productivity. core productivity measure, multifactor productivity measure, and total factor measure of productivity. partial productivity measure, multifactor productivity measure, and entire issue measure
The three methods of measuring productivity are partial productivity measure, multifactor productivity measure, and entire issue measure.
Productivity refers to the efficiency with which goods or services are produced. Productivity can also be expressed as a ratio of the entire output to a single input, the sum of all the inputs utilized in a production process, or the output per input, usually over a defined time period. The labor productivity index is the most common example, and GDP per worker is one of its instances. The choice between them depends on the objective of the productivity measurement and/or the data's accessibility. There are numerous other ways to define productivity. The method used to mix inputs and outputs to create a ratio-style productivity indicator is frequently linked to the main source of variation among productivity measurements.
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compute the quintile shares. what is the share of total income of the top 10 percent of families and the top 5 percent of families?
The total income of the top 10 percent of families is 45 percent and total income of of the top 5 percent of families is 20 percent.
What is quintile shares?
The annual income of the top 20% of the population divided by the number of years the bottom 20% of the population must work to achieve the same income outcome is known as the "income quintile share ratio."
Quintiles are used to establish cut-off points for a population; for example, in a government-sponsored socioeconomic research, quintiles might be used to calculate the amount of wealth that a family would need to have in order to fall into the lowest quintile of society. This threshold can then be used as a requirement for a family to obtain a specific government subsidy intended to aid the less fortunate members of society.
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If the north american newsprint paper market has barriers to entry, then?
If the North American newsprint paper market has entry obstacles, even if businesses are making substantial profits, entry will be prevented.
What is a newsprint?
Newspapers, other periodicals, and advertising materials are most frequently printed on newsprint, a cheap, non-archival paper made primarily of wood pulp. It was created in 1844 by Charles Fenerty in Nova Scotia, Canada, and often has an off-white cast. It is made to be used in printing presses that use large webs of paper rather than single sheets of paper, such as web offset, letterpress, and flexographic.
Publishers and printers prefer newsprint because it is relatively inexpensive (in comparison to paper grades used for glossy magazines and sales brochures), sturdy (enough to run through contemporary high-speed web printing presses), and can accept four-color printing at qualities suitable for standard newspapers.
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brad and angelina form a new corporation. angelina contributes cash for 85% of the stock and brad contributes only services for 5% of the stock. what are the tax consequences to brad?
Brad would not have any immediate tax consequences of this transaction. However, if and when he sells the stock or receives any dividends or other distributions from the corporation, he would be required to report any income he receives on his taxes.
Brad does not have any immediate tax consequences of forming the new corporation with Angelina. However, if he later sells the stock, receives dividends, or other distributions from the corporation, he will be required to report any income that he receives on his taxes. This is because his contribution of services was considered a non-cash contribution, so he would not be subject to immediate taxes. When the corporation generates income, Brad will be liable to report it on his taxes.
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What are the factors of production in economics?
These are the factors of production in economics:
LandLaborCapitalEntrepreneurshipThe factor of production is resources that are what people or companies use to produce goods and services.
The factor of production in economics:
Land: natural resources used to produce services and goods including everything that comes from the land. Examples: water, oil, natural gas, forest, etc. Labor: efforts that people do to produce services and goods. Capital: tools, buildings, money, and machinery that are used to produce goods and services.Entrepreneurship: a person who can combine and use 3 other factors of production to produce goods and services.Learn more about factors of production at: https://brainly.com/question/20738491
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newhard company assigns overhead cost to jobs on the basis of 125% of direct labor cost. the job cost sheet for job 313 includes $10,000 in direct materials cost and $12,000 in direct labor cost. a total of 1,000 units were produced in job 313.
Answer:
The overhead cost assigned to Job 313 can be calculated by multiplying the direct labor cost by 125%:
Overhead cost = $12,000 * 125% = $12,000 * 1.25 = $15,000
The total cost of Job 313 can be calculated by adding the direct materials cost, direct labor cost, and overhead cost:
Total cost = $10,000 + $12,000 + $15,000 = $37,000
The cost per unit can be calculated by dividing the total cost by the number of units produced:
Cost per unit = $37,000 / 1,000 units = $37 per unit
which of the following uses both qualitative and quantitative information? question 5 options: matrix diagram interrelationship diagram prioritization matrix affinity diagram none of the above
Following are examples of information prioritizing matrixes that incorporate both qualitative as well as quantitative data.
A priority matrix's operation is described.Using predetermined criteria, such as urgency and effort, a priority matrix organizes activities or projects. Team members can decide what to work on initially with the help of this tool. Various priority matrices will be covered in this article, along with tips on how to use them to increase your productivity at work.
How can you determine your strategic priorities?Your company's objectives, finances, and timing are the three elements that will determine your strategic priorities. In order to achieve organizational objectives, each goal uses a specific set of resources and limited time. The priorities on your list are those that have the biggest influence on your productivity or require urgent execution.
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rita's working to expand a travel app into new markets in southeast asia. when considering how she should localize app design and payment methods, what should rita do first?
In this condition, Rita should conduct the competitor surveys.
What is a survey?In order to learn more and gain insights into a variety of fascinating topics, surveys are a type of research method that collects data from a predetermined sample of respondents. They can perform a range of roles and be carried out in a variety of ways, depending on the technique used and the study's purpose. Understanding that social research was essential in 2020 is necessary to fully appreciate the benefits for a target group when using the proper survey method. The data is often collected using standardised approaches to ensure that every respondent can answer the questions on an even playing field. This helps to prevent biassed opinions from influencing the results of the study or research.
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