While producing change and movement is the main duty of leadership, maintaining order and consistency is the main goal of management.
Management must ensure that critical obligations are finished efficiently and efficiently (within the satisfactory way possible) (doing the right aspect). planning, organizing, main, and regulating are the 4 fundamental duties that managers must complete as a part of the management procedure. each manager performs planning as their essential management assignment. with out finishing a making plans function, the management can't accomplish another task.The act of motivating and directing a collection or an person to accomplish a task is called management.
Leaders encourage followers to do the stairs vital for fulfillment. gaining knowledge of and growing the applicable skills is vital to grow to be a outstanding chief.
Motivation and path the primary obligation of a pacesetter is to persuade and direct his team and inspire them to paintings hard to acquire the set targets. He must instill a experience of confidence and fervor some of the group individuals.
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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
Both the debt-equity ratio and the equity multiplier are calculated using _____ in the denominator.
Both the debt-equity ratio and the equity multiplier are calculated using stockholders' equity in the denominator.
What is debt-equity ratio?
The debt-equity ratio compares the amount of debt a firm uses to the stockholders equity, which is portion of total finance made available by the company's shareholders, it is determined total debt divided by the stockholders' equity
On the other hand, the equity multiplier is determined as the total assets divided stockholders' equity, in other words, the denominator in both cases is the equity.
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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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The company should consume more than ________ fans per year to make the manufacturing the part in-house option the least costly.
The company must devour an extra than1.six hundred.000 fans per 12 months to make manufacturing the element in-house alternative the least highly-priced.
Manufacturing is the making of products by means of hand or by a system that upon completion the commercial enterprise sells to a client. objects used in manufacture may be uncooked substances or component elements of a larger product. the production generally occurs on a large-scale manufacturing line of machinery and professional labor.
Manufacturing is defined as the advent of latest merchandise, either from uncooked materials or additives. Examples of manufacturing include automotive organizations, bakeries, shoemakers, and tailors, as all of them create merchandise, rather than provide services.
Significance of manufacturing:
(i) production industries enable the modernization of agriculture. (ii) It reduces the heavy dependence of humans on agricultural income by means of imparting their jobs. (iii) enables the eradication of unemployment & poverty. (iv) enables bringing down local disparities.
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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 industry has a larger economic impact in the u. S. -sports or entertainment?.
answer: entertainment
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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________ business processes are dynamic, nonroutine, long-term business processes such as financial planning, expansion strategies, and stakeholder interactions.
Strategic business processes are dynamic, nonroutine, long-term business processes such as financial planning, expansion strategies, and stakeholder interactions.
This is further explained below.
What is business?Generally, An organization or entrepreneurial body that engages in commercial, industrial, or professional activity is what we mean when we talk about "doing business."
In conclusion, Business processes that are dynamic, non-routine, and long-term are referred to as strategic business processes. Some examples of strategic business processes are financial planning, growth plans, and stakeholder interactions.
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If a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high?.
No, if a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high
The cash flow or coins equivalent that the organization gets or offers out by using the way of charge(s) to lenders is called coins float. cash go with the flow analysis is frequently used to examine the liquidity role of the organization.
Cash flow is a measurement of the quantity of coins that comes into and out of your business in a particular time frame. when you have fantastic coins go with the flow, you've got greater coins entering your commercial enterprise than you've got leaving it—so you will pay your payments and cover different fees.
Upload your internet earnings and depreciation, then subtract your capital expenditure and change in operating capital. loose coins drift = net income + Depreciation/Amortization – alternate in working Capital – Capital Expenditure.
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Which one of the following is a factor that could increase the level of risk in a business
a) seasonal demand
b) having a large target market
c) employing a large number of employees
Answer:
I guess the answer is , a) seasonal demand
Explanation:
seasonal demand :-
Seasonal demand is defined as a certain time series with repetitive or predictable patterns of demand due to re-occurring seasonal events.
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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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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Delfino's expects to pay an annual dividend of $1.50 per share next year. what is the anticipated dividend for year 3 if the firm increases its dividend by 2 percent annually?
The anticipated dividend for year 3 if the firm increases its dividend by 2 percent annually is $1.66.
What is meant by Dividend?
A corporation's payout of profits to its shareholders is known as a dividend. A corporation is able to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus. Any remaining funds are withdrawn and reinvested back into the company. Dividend refers to a reward, cash or otherwise, that a firm delivers to its shareholders.
Dividends may be distributed in a number of ways, including stock dividends, cash payments, and other forms. The board of directors of a firm determines its dividend, which requires shareholder approval.
The future dividend can be computed as:
Future Dividend=Initial Dividend×[tex](1+r)^{n}[/tex]
Here:
r stands the growth rate in dividend = 2% or 0.02
n exists the number of periods = 5
Initial Dividend = $1.50
The future dividend can be computed as:
Future Dividend=$1.50×(1+0.02)5
Future Dividend=$1.50×1.1041
Future Dividend=$1.66
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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 intentional use of government spending or taxing to affect the level of output, employment, and prices is known as:______
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
Congressional reforms to government spending and taxes with the intention of fostering full employment, price stability, and economic growth.
Expanding government spending, lowering taxes, or increasing government transfers are examples of expansionary fiscal policy instruments. Any of these actions will raise aggregate demand, which will enhance output, employment, and price level.
The intentional use of government spending or taxing to affect the level of output, employment, and prices is known as Fiscal Policy
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The most effective tool that marketers can use to motivate customer to make decisions or take actions marketers want them to take is called:______.
The most effective tool that marketers can use to motivate a customer to make decisions or take actions marketers want them to take is called incentives.
What is the significance of incentives?Incentives can be referred to or considered as the bonus or additional benefits received by an individual in addition to the basic advantages that he or she gets upon purchasing a product in the market.
Incentivization of the customers is considered as one of the most effective techniques to promote the decision-making of a customer in order to indulge him or her into buying a product.
Therefore, the significance regarding incentives has been aforementioned.
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Which of the following would be considered steps to creating good customer service? choose all that apply. A. make eye contact and greet a customer to show you are available to provide them service as needed B. you should have a good understanding of the product or service you provide, so that if a customer needs assistance, you are able to deliver a satisfactory response
C. smile often, if appropriate, or model the emotion that is suitable to the situation D. none of the above
Answer:A,B,C
Explanation:
A. Greet a customer and make eye contact to demonstrate your availability to assist them as needed.
B. In order to provide a satisfied response if a consumer requests assistance, you need have a solid understanding of the good or service you offer.
C. If appropriate, try to smile a lot. If not, try to show the proper emotion.
The aforementioned actions would be regarded as first steps in developing strong customer service.
Supporting and promoting customers as they discover, utilize, optimize, and troubleshoot a product or service is known as providing customer service. Additionally, processes help the staff provide excellent customer service. Finding a speedy fix for any one client issue isn't the only goal of customer service. The goal is to establish a long-lasting relationship with the consumer, one in which every interaction provides chances for a deeper, more beneficial involvement.
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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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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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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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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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In the nurse care manager model, care managers increase primary clinic capacity for treating patients with opioid use disorder by:_________
In the nurse care manager model, care managers increase primary clinic capacity for treating patients with opioid use disorder by managing patients in collaboration with the prescriber
What is the nurse care manager model?Under the direction of a nurse care manager, the nurse care manager approach streamlines office-based opioid therapy (OBOT). According to this strategy, nurse care managers carry out the initial screening, link patients with waivered clinicians for pharmaceutical prescriptions, and schedule follow-up appointments with patients to keep tabs on maintenance and recovery. The waivered provider attests that the patient should receive treatment for opioid use disorder (MOUD) using medication.
Nursing Care Manager Programs, as an Example
Nurse care managers are a key component of Boston Medical Center's Office-Based Addiction Treatment (OBAT) Program, commonly known as the Massachusetts Model, which assists doctors in treating opioid use disorder (OUD). The initial screening and ongoing patient support are tasks that fall within the purview of the nurse care managers within this program. With the help of this cooperative strategy, patients with OUD are given efficient, well-coordinated, and team-based care.
Thus, these nurse care manager programs are extremely beneficial and take good care of patients.
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the general manager of a major league baseball team reasons that hiring an all-star-caliber third baseman would allow the team to win
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 qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result?
Neutrality is qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result. The trait of neutrality is frequently referred to as objectivity or freedom from bias. When creating or implementing standards, the relevance and veracity of the information that arises should be the main consideration, not how the new norm may affect a certain interest or user (s).
Accounting facts and accounting procedures should be independently assessed and reported without any explicit bias toward any particular user or user group. It cannot be stated that accounting information reported favors one set of interests over another if there is no bias in the selection of that information. It is because that is what the data indicates.
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If the supply of and demand for a product decrease at the same time, then equilibrium:___.
At the same time, the equillibrium tends to increase.
Curves of supply and demand illustrate the connections between price and quantity. When supply and demand are in balance, there is equilibrium. Because revenues are a function of price and quantity, the form of these curves and the equilibrium price have an impact on both small and large firms. The supply and demand curves for various industries are influenced by the joint actions of firms and customers, even if a single business cannot change the shape of these curves.
Include shifts in consumer expectations and new technologies when predicting a supply curve shift. The converse is true for downward movements in the supply and demand curves, which show growing supply and decreasing demand, respectively.
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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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To buy a company's stock at a predetermined price sometime in the future is known as a(n) ______.
To buy a company's stock at a predetermined price sometime in the future is known as a stock option. A stock option is a contract that grants investors the right, and not the obligation, to buy or sell a stock at a specific price and date. One of the derivative stock contracts is included in this. A stock option contract denotes 100 owned shares.
Two categories of stock options exist:
A put is a contract that assumes the stock price will decline.A call is a contract that assumes the price of the stock will rise.Depending on the trader's technique, stock option contracts can be traded in one of four ways. For instance, you can buy a Call contract or sell a Put contract if you believe that the stock price of Faceb0ok will rise.
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Managing a supply chain is a fairly simple task. activities occur sequentially, customers know what they need, and the companies involved share common goals.
a. true
b. false
False. Managing a supply chain is a not fairly simple task. Activities occur sequentially, customers know what they need, and the companies involved share common goals is a hard things to do. Especially in the field of management which we will be more required to understand for humans than anything else.
Supply chain management is a coordinated system consisting of organizations, human resources, activities, information, and other resources that are involved together in moving a product or service either in physical or virtual form from a supplier to a customer. The goal to be achieved from each supply chain is to maximize the value and profit generated as a whole. An integrated supply chain will increase the overall value generated by the supply chain.
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The general increase in prices over time we pay for good and services is known as inflation. question 5 options: true false
It is true that the general increase in prices over time we pay for goods and services is known as inflation.
What is inflation?Inflation is the term used to describe an increase in the price of goods and services that households buy. It is determined by how quickly these prices fluctuate. Prices frequently rise with time, but they can also fall (a situation called deflation).
The main categories of inflation are as follows:
Demand-pull inflation: It explains how rising prices for products and services can result from increased demand. People will typically pay more for something if there is a shortage of it.
Cost-push inflation: When demand-pull inflation is active, it frequently starts up. Businesses must raise their pricing as a result of rising raw material costs, regardless of market demand.
Built-in inflation: Employees may start requesting pay increases from their employers as demand-pull inflation and cost-push inflation take place. Employers risk experiencing a labor scarcity if they don't keep their pay competitive.
Built-in inflation occurs when a company increases employee wages or salaries while also trying to maintain profit margins by boosting prices.
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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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