Managers typically follow five steps in the decision-making process. the first step is to: evaluate the strengths and weaknesses of potential decisions.
Who is a manager?A manager can be defined as the person whose roles and responsibility is to plan, lead , coordinate and control the day to day activities of a company so as to achieve smooth operation.
Evaluating the strengths and weaknesses of potential decisions is important during decision-making process which is why it is the first step a manager is expected to follow during decision making process.
Therefore Managers typically follow five steps in the decision-making process. the first step is to: evaluate the strengths and weaknesses of potential decisions.
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A continuous process indicates production of discrete parts moving from workstation to workstation at a controlled rate. True or false?.
The following statement is false. A continuous process indicates production of discrete parts moving from workstation to workstation at a controlled rate.
A continuous process indicates production of discrete parts moving from workstation to workstation at a controlled rate. One difference between an production line process flow and a nonstop process flow is that on the mechanical system the flow is discrete instead of continuous. an eternal process could be a process within which the merchandise comes out without interruption and not in groups. One difference between an production line process flow and a nonstop process flow is that on the mechanical system the flow is discrete instead of continuous. Therefore the subsequent statement is false.
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In the saw-toothed inventory pattern, inventory decreases at the_______rate of demand.
In the saw-toothed inventory pattern, inventory decreases at the constant rate of demand.
A diagram called a saw-tooth inventory diagram is used to monitor a company's inventory. It demonstrates how a company's inventory level changes over time. It is assumed in this graphic that the demand is constant and that the inventory is dwindling at a constant rate.The sawtooth figure illustrates how revenue changes in response to changes in total demand. Unintentional inventory buildup, A, can be positive or negative when demand shifts before production has a chance to adapt.Available quantity of an SKU over time shown by saw tooth diagram.To know more about saw tooth visit:
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_______________ liberties place restraints on how government is supposed to act, while ____________ liberties limits what the government has the power to do.
Procedural liberties place restraints on how government is supposed to act, while substantive liberties limits what the government has the power to do.
Procedural liberties are regarded as the restraints on how the government is supposed to act. For instance, the citizens of a country are guaranteed the due process of law suppose when they are to be charged with a certain crime.
Whereas, the substantive liberties are restraints which are known to be limiting what the government shall have the power to do. This can thus include the restricting freedom of speech, freedom of the press, or freedom of religion.
Hence, procedural liberties and substantive liberties both differ in their approach.
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Komelia, a country in southern europe, imports rubber and plastic products from china. it can be said that komelia is engaged in _____.
Komelia, a country in Southern Europe, imports rubber and plastic products from China. it can be said that komelia is engaged in global procurement. Thus, option A is correct.
What is import?
Import can be defined as when the goods are services are being transferred from one country to another country full stop
If this is done between two foreign countries, then it can be also called as international trade.
A global procurement can be defined as a country like Komelia products like rubber and plastic from another country that is chine for its use. Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
A) global procurement
B) vertical integration
C) privatization
D) insourcing
Economists refer to the necessity of holding all variables other than price constant in constructing a demand curve as the:________
According to the law of demand, the quantity of an item or service sought grows as the price falls and decreases as the price decreases, "everything else equal." Therefore, assuming that all other demand-affecting factors remain constant, the demand curve reflects the relationship between the product's price and the amount demanded. We can analyze changes in the quantity demanded arising from changes in price alone by holding all other factors that influence demand constant.
According to the law of supply, a higher price causes a higher supply while a lower price causes a lower supply.
Tools used to summarize the link between supply and price include supply curves and supply schedules.
The discrepancy between supply and supply quantity
Supply is not the same as quantity supplied in economic terms. The link between a range of prices and the amounts delivered at various prices is what economists mean when they talk about supply. This relationship can be represented by a supply curve or a supply schedule. When economists talk about the quantity supplied, they only imply one number on the supply schedule or a specific location on the supply curve. Supply, on the other hand, refers to the curve, and quantity provided, to a particular location on the curve.
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The health insurance premiums paid for by each partner in a partnership is considered to be:_________
The health insurance premiums paid for by each partner in a partnership is considered to be Self-employed health insurance premiums.
Are Health Insurance Premiums Tax-Deductible?Any out-of-pocket health insurance premiums you pay for plans that include medical care are tax deductible. You can deduct these costs for yourself, your spouse, and your dependents when preparing your taxes. Medical care policies cover treatment including hospitalization, surgery, and X-rays; prescription drugs and insulin; dental care; lost or damaged contact lenses; and long-term care, with some limitations.
Medicare Part B and D premiums as well as COBRA insurance premiums are both deductible expenses. The premiums paid for Medicare A are also tax deductible if you are not a former government employee who paid Medicare tax or enrolled in Medicare under Social Security.
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______ resource prices raise production costs and, assuming a fixed product price, ______ profits.
Higher resource prices raise production costs and, assuming a fixed product price, reduce profit.
What is the explanation to the above phenomenon?When resource inputs are overtly expensive it is logical to expect that these will translate into higher costs. Where costs can be shifted to the end-user, the company remains in a state of operational efficiency.
In a very price elastic market however, the company is faced with a huge challenge as it must absorb such costs or face the consequences of increasing it's prices.
When input costs are high, technology may be explored as a solution to reduce costs and increase efficiency in the long run.
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The process of analyzing the tasks necessary for production of a product describes.
The process of analyzing the tasks necessary for the production of a product describes workflow design.
What exactly is a workflow design?
A workflow diagram, commonly referred to as a workflow, is a visual representation of the business process. The process demonstrates step-by-step how your job is accomplished from beginning to end using standardized symbols and forms. It also indicates who is in charge of the job at each stage of the process.
A thorough workflow analysis must be completed before designing a workflow because it can reveal any potential flaws. You may define, standardize, and pinpoint crucial sections of your process with the use of workflow analysis.
Workflows are also helpful for fostering more cohesion across various departments and for aiding staff in understanding their jobs and the sequence in which tasks must be done. Workflows are utilized in a wide range of industries nowadays and are simpler to construct than ever before. They were originally employed in the manufacturing sector.
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The entry to record the receipt of payment within the discount period on a sale of $2,500 with terms of 2/10, n/30 will include a credit to?
The entry to record the receipt of payment is $2,590 in accounts receivable.
What is Trade discount?
Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.
Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.
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Why is there so much government regulation involving social repsponsibility issues? Should there be more?
Answer:
this is subjective
Explanation:
government regulation can have a good effect on people and make it easier for acheiving quality of life, however government regulation is usually bad for economy due to limiting companies on how they run their business
A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is:________-
A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is: gram positive.
What is a prokaryotic cell wall?The prokaryotic cells are known to have strong cell walls. These are known to be located under a particular capsule. The function is to help in the maintenance of shape and also help in the protections of the interior parts of the cells.
Hence we can say that: A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is: gram positive.
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The branch of accounting that must have its reports verified by a certified public accountant is?
The branch of accounting that must have its reports verified by a certified public accountant is "Financial accounting"
What is Financial Accounting?
The process of recording, compiling, and reporting the numerous transactions that occur over time in the course of business operations is known as financial accounting. It is a particular branch of accounting. The preparation of financial statements, such as the balance sheet, income statement, and cash flow statement, which document the operating performance of the company over a given time period, summarizes these transactions. The public and private sectors both employ financial accountants. The tasks of a general accountant, who works for oneself or herself rather than directly for a firm or organization, may be different from those of a financial accountant.
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_____________________ seek to obtain the highest-quality merchandise at the lowest possible purchase cost for their employers.
Supply managers, Buyers, Purchasing agents seek to obtain the highest-quality merchandise at the lowest possible purchase cost for their employers.
For organizations, buyers and purchasing agents purchase goods and services. Buyers and purchasing agents are under the control of purchasing managers. Purchasers make purchases of goods and services for their company's use.
When selecting suppliers and products, purchasing agents and buyers take into account pricing, quality, availability, dependability, and technical support. Buyers and purchasing representatives purchase goods and services for businesses to utilize internally or to market. They examine the quality of the items, negotiate contracts, and assess suppliers.
For their company, buyers and purchasing agents acquire products and services. Buyers are those who purchase finished goods like clothing or furnishings. Those who purchase the components and supplies used to manufacture items are known as purchasing agents or purchasers. Both of these worker categories do comparable tasks.
Identification, acquisition, and administration of resources and suppliers that are necessary to an organization's operations are together referred to as supply management. Supply management, also referred to as procurement, entails the acquisition of tangible items, knowledge, services, and any other essential resources that permit a business to carry on with its operations and expand.
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An investor who wants to purchase previously issued shares of stock from another investor would trade in the _____.
An investor who wants to purchase previously issued shares of stock from another investor would trade in the stock market
What are common stocks?
Common stocks are issued by a company to investors for them to become part owners of the company by purchasing the stocks, however, the previously issued stocks of a company cannot be bought directly from the company, rather the investor would purchase such stocks in the stock market.
In essence, when the company issued to the stocks to investors for the first time through initial public offer, an investor can purchase from the company, however, going forward the investors would buy and sell the company stocks among themselves in the stock market
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Select all the correct answers. what are three critical questions that entrepreneurs need to ask themselves while starting a business? which location would be the most advantageous for my business? what business structure would best suit my business? which recruitment agency should i use for hiring workers? how many paid leaves can i give my employees in a year? what is the total cost of ownership of my capital purchases?
The Three Question That Entrepreneurs Ask themselves are:
Which location would be the most advantageous for my business?What business structure would best suit my business?What is the total cost of ownership of my capital purchases?Entrepreneurs must first take a few crucial measures, though, before accomplishing this.Find a creative thought.Plan your business.Select a legal framework.Obtain your business's permits, tax identification, and registration.Know the market and your competitors.Finance your company.Find a spot, then make it secure.To Learn more about Entrepreneurship, Click the links.
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In one day madison laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. what was its productivity?
The productivity is 100 pounds of laundry per hour .
4000÷5÷8 = 100
What is productivity ?A common definition of productivity is the ratio of input volume to output volume. In other words, it assesses how effectively an economy uses labor and capital as production inputs to create a particular amount of output.
An evaluation of a worker's or group of workers' efficiency is known as employee productivity, also known as workforce productivity.
Being able to create, especially quickly and with excellent quality, is a sign of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.
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What is the difference between a real estate space market and the real estate asset market?
Real-Estate Space Market:- The expression "Real-Estate Space Market" is the market for the utilization of genuine property.
In this market, occupants trade leases with property managers for the option to utilize land and fabricated space.
This market is frequently called "the rental market."
Real-Estate Asset Market:- The expression "Real-Estate Asset Market" alludes to the component of the deliberate trade of responsibility for the property.
In this market, purchasers trade cash with dealers for possession freedoms to land and assembled space (land).
This market is frequently called "the property market."
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The process organizations use to highlight the standout qualities of their product or service and the value it brings to a customer as compared to their competition is the definition of?
The process organizations use to highlight the standout qualities of their product or service and the value it brings to a customer as compared to their competition is the definition of differentiation.
What is a product?
A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
In product differentiation, product quality is highlighted in comparison with other products and helps it to compete with similar products of competitors.
This product differentiation can be done through marketing and branding as well as the packaging of the product which helps to catch the attention of the customers with its Unique features.
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Discuss the role of management in the larger societal context. what do you think the managers of the future will be like?
Management recreates a vital role in modern culture. It contains the factories of production for social progress, greater productivity, increased jobs and income, better performance, and the satisfaction of society's needs.
What do you think the managers of the future will be like?Management plays an important part in setting the boundaries for what is sufficient ethically and legally. Future managers will be international strategists, right at technology, politicians, and good leader-motivators. . It enables the development of society and the welfare of the public. The future of management depends on flexibility, adaptation, and pragmatism.
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As a result of relationship marketing, customers experience specific relational benefits. these include?
As a result of relationship marketing, customers experience specific relational benefits such as :
1)It may improve how you interact with customers.
2)It becomes simpler to produce more recommendations to qualified leads when two-way contact is established for helpful client feedback.
3)You'll have a deeper comprehension of what your clients need.
4)You'll find it helpful in developing new business (and product/service) ideas.
5)It helps your company stand out from rivals.
6)You can encourage loyalty.
7)Ultimately, cross-selling and upselling can increase your revenue.
Relationship Marketing: Relationship marketing refers to techniques used by businesses to create enduring bonds with their clients. You want to build a loyal consumer base rather than concentrating on one-time sales.
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Before introducing a new piece of software, star software inc. Conducts benchmark activities to assess how popular the product would be in the marketplace. Which stage of the strategic management process is being used in this situation?.
Assessing the current state of affairs is done during this stage of the strategic management process.
Every assessment project is tailored to your unique requirements. Projects typically involve gathering and analyzing data from a variety of sources, and they usually end with a presentation and/or written report that highlights the main conclusions and suggestions. A team from the church or ministry may occasionally help with data collection. The evaluation might consist of:
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When a company allows a customer to opt in and/or opt out with respect to the data it collects, it is implementing the __________ fair information practice principle.
When a company allows a customer to opt in and/or opt out with respect to the data it collects, it is implementing the choice/consent fair information practice principle. There are eight guiding principles for the use, gathering, and privacy of data that are collectively referred to as Fair Information Practices (FIPPs). Many nations accepted them in principle after the Organization for Economic Cooperation and Development (OECD) released them in 1980.
These ideas are still important and influential today. They serve as guidelines on how to handle personal data for many companies. Important privacy frameworks like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act contain several of the concepts outlined in the FIPPs.
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Molding and sanding each unit of product would most likely be classified as a ________ cost.
Molding and sanding each unit of the product would most likely be classified as a (B) unit-level cost.
What do we mean by unit-level cost?A unit cost is a total cost incurred by a business to produce, store, and sell one unit of a specific product or service. The cost of goods sold is synonymous with unit costs (COGS). This accounting metric includes all fixed and variable costs associated with the manufacture of a product or service. Every time service or a product is provided, unit-level activities take place. Unit-level activities include the costs of direct materials, direct labor, and machine maintenance. Molding and sanding each unit of the product, for example, would almost certainly be classified as a unit-level cost.Therefore, molding and sanding each unit of the product would most likely be classified as a (B) unit-level cost.
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The correct question is given below:
Molding and sanding each unit of the product would most likely be classified as a ________ cost.
(A) product-level
(B) unit-level
(C) batch-level
(D) facility-level
An enterprise resource planning system integrates all functions of the enterprise. true false
It is a true statement that the enterprise Resource Planning system integrates all business processes and functions into a single software system, using a single database.
What is an enterprise resource planning system?
This system involves the processes that are essential to running a business, including inventory and order management, accounting, human resources, customer relationship management etc. At its most basic level, the enterprise resource planning system software integrates these various functions into one complete system to streamline processes and information across the entire organization.
The ERP system components are:
FinancialsHuman resourcesProcurement and logisticsProduct development and manufacturingSales and servicesAnalyticsRead more about ERP system
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Answer: True
Explanation:
A firm has a total debt ratio of 0.30 times. this means the firm has ___ in total debt for every $1 in total assets.
A firm has a total debt ratio of 0.30 times. this means the firm has $0.30 in total debt for every $1 in total assets.
What is debt ratio of a company?
The debt ratio of a company means its total debt as percentage of total assets of the company, in other words, the debt ratio can be determined as the total debt divided by total assets expressed as a percentage
debt ratio=total debt/total assets
debt ratio=0.30
total debt=unknown(assume it is x)
total assets=$1
0.30=x/$1
x=0.30*$1
x=total debt for every $1 of total assets=$0.30
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A. financing for public corporations must flow through financial markets true or false
This is a True and Firm Statement.
Financing for public corporations must flow through financial markets
To support existing corporate operations or to finance future expansion, corporations may rely on sources of investment such as borrowed money (debt capital or credit). Debt can take many different forms, including bank loans, notes payable, and publicly traded bonds.
Public enterprises must access financial markets for financing. Private firms must use financial intermediaries to receive funding. The FOREX exchange floors in New York and London are where almost all foreign currency trading takes place.What is a financial market, for instance?Any market where securities are bought and sold is referred to as a financial market. The stock market, bond market, and commodities market are a few examples of financial markets.To Learn more about Financial Markets, Click the links.
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Why would someone of different age, culture, ethnicity, or gender have a different perspective on a job-related decision?
Give an example.
Talent that fits is drawn to a strong, upbeat, clearly defined, and well-communicated culture. It promotes retention and engagement. Employee interactions with their work and your business are influenced by culture. It affects contentment and happiness.
How to illustrate the information?In terms of employment opportunities, employees from racial and ethnic minorities make up a smaller proportion of those employed in management, professional, and technical occupations than do those from the dominant or majority ethnic group in the majority of countries.
There are several ways in which culture affects professions. People who work in a context that is shaped by the culture of the company and the people that make up that organization, therefore culture affects the kind of work that is done, the rewards associated with different kinds of labor, and the interactions that are valued.
It should be noted that gender also plays an important role in organizations. For example, men easily get into managerial positions than woken in some cultures.
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__________ is managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers.
Supply Chain Management is the management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers.
What is Supply Chain Management?Supply chain management is the process of managing the entire manufacturing flow of a good or service, from the procurement of raw materials to the delivery of the finished product to the client.
The process of organizing the numerous tasks required to produce and deliver goods and services to customers is known as supply chain management. A few examples of supply chain activities include designing, farming, manufacturing, packaging, and shipping.
The five elements of supply management are supply planning, production planning, inventory planning, capacity planning, and distribution planning.
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situation: trustworthy financial services recently hired a revops professional named markeisha. markeisha is spending her first few months trying to understand where leads come from, how they get passed to sales, and what happens to new customers after the deal is closed. this is an example of:
According to the marginal productivity theory, the price of each production factor will be equal to its marginal productivity in a market with perfect competition. The industry establishes the factor's price. The quantity of a certain factor that the firm uses when the price is equal to its marginal productivity
Because it is inefficient to pay employees, a company that seeks to maximize profits would hire people up until the point where the marginal revenue product and the wage rate are equal.
According to their ability to produce, workers should be paid a certain amount, according to the marginal productivity theory.
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Which control could be used to mitigate the threat of hiring unqualified or larcenous employees?
Answer:
Segregation of duties
Explanation:
Segregation of duties is a key internal control intended to minimize the occurrence of errors or fraud by ensuring that no employee has the ability to both perpetrate and conceal errors or fraud in the normal course of their duties. Generally, the primary incompatible duties that need to be segregated are: Nội dung chính Segregation of Duties