Managers are handling complexity when they are adaptable, imaginative, and prepared to learn from mistakes.
Describe complexity.
According to the scientific theory of complexity, certain systems exhibit behavioral traits that are utterly outside the scope of any traditional examination of the system's component pieces. These phenomena, also known as emergent behavior, appear to be present in a variety of complex living organism-based systems, such as the stock market and the human brain. For instance, according to complexity theorists, a stock market crash is an emergent result of the activities of several individual investors on a complex financial system, just as human awareness is an emergent characteristic of a complex network of neurons in the brain.
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In practice, the assets most commonly used to secure loans are?
Accounts receivable and inventory are the assets that are utilized to secure loans the most frequently in reality.
Numerous ratios aid analysts in determining how effectively a company pays its bills, collects payments from clients, and converts inventory into sales. Accounts receivable and inventory turnover, two ratios that fall within the current assets group, are two of the most significant. A company's accounts receivable turnover, often known as A/R turnover, is determined by dividing sales by accounts receivable. It is a gauge of how successfully a business can collect on the credit it lends to clients. A company with a strong track record of credit collection will have a higher accounts receivable turnover ratio.
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In a perfectly competitive market, a firm operating in the long run is forced by competition to adjust its scale of operation:______.
A company that operates over the long term in a perfectly competitive market is compelled by competition to change its scale of operation until average cost is minimized.
More about perfectly competitive market:
In a market structure known as perfect competition, numerous businesses sell comparable goods while making almost little profit because of the intense competition.
A market that is perfectly competitive is one in which all enterprises sell the same good and where there are no barriers to entry or leave. The existence of several enterprises and the homogeneity and uniformity of the products are essential elements of perfect competition.
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______ is the process of computerizing manual tasks, making them more efficient and effective and dramatically lowering operational costs.
Automation is the process of computerizing manual tasks, making them more efficient and effective and dramatically lowering operational costs.
How does automation function in the workplace?Business process automation, business automation, or digital transformation are terms used to describe the technology-enabled automation of complex business operations. Streamlining operations, executing a digital transition, improving service quality, and improving service delivery, can simplify a business.
Automation describes technical applications that require less human involvement. This includes personal software for the home, business process automation (BPA), and information technology.
Why is automation crucial to business?Automated processes provide the advantages of increased productivity, dependability, availability, greater performance, and lower operating costs. The benefits of automated systems may serve as a powerful motivator to enhance customer service.
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The product of one and four thirty-seconds and twenty thirty-seconds is ________.
2,902,900 seconds or 806.3611111111 hours or 33.5983796296 days
When the market price of a good increases, the amount that sellers are willing to offer for sale increases. True or false?.
The market price of a good increases, the amount that sellers are willing to offer for sale increases is True
The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.
What transpires when market prices rise?The quantity demanded decreases as the price rises (but demand itself stays the same). Demand rises in proportion to price decline. The Law of Demand is this. An inverse relationship is shown on a graph as a left to right, downward sloping line.
Why are vendors ready to accept extra money for their goods?Availability Law
The supply is provided in greater quantity the higher the price. If all else is equal, lower prices indicate a reduced supply. If expenses aren't rising too quickly, higher prices encourage providers to supply more of the good or commodity.
When does the cost of a quality Quizlet go up?The law of supply states that if the cost of a commodity or service rises, so too will the quantity offered. When two goods are complementary, a rise in price for one will result in a fall in demand for the other.
When the price of one good rises while the demand for another good declines, the two goods are said to be complements.Demand will decline for a subpar good as income rises. The two goods are referred to as substitutes when the price of one product drops and the demand for another good decreases. desire for a second good; these two products are referred to as complements.
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Is the cost needed to own a product, consisting of initial purchase cost and follow-up maintenance/service cost?
The Total cost of ownership is the cost needed to own a product, consisting of the initial purchase cost and follow-up maintenance/service cost.
What does maintenance/service cost?Maintenance cost can be defined as the price that is being performed in the course that is being incurred mostly on the assets and is a service that needs to be paid.
The total cost of ownership is the cost that is considered the final cost of a product or a service.
This means that if machinery is being purchased attend the insurance of that machinery the installation and the financing all is included in the cost of ownership, this is the amount that the owner paid for getting the machine.
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Implementing the strategy is often overlooked by senior managers especially in large organizations. What level of manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals?.
The level of manager that is often responsible for making sure the strategy gets implemented in alignment with the corporate goals is a functional manager.
A functional manager is what?The functional manager is the individual with management authority within a business unit or department who has direct supervision over one or more team members and/or direct responsibility for the functions impacted by the project/program deliverable.
There are numerous parallels between general management and functional management; the main distinction is that a functional manager concentrates on one aspect of an organization while the general manager must maintain a broad perspective.
Therefore, the level of manager that is often responsible for making sure the strategy gets implemented in alignment with the corporate goals is a functional manager.
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What challenges do managers of these warehouses face when the unemployment rate is low? when the rate is high?
The challenges that warehouse managers face when the unemployment rate is low is to reduce the supply of labor available to fill the job openings.
When there is an increase in the unemployment rate, there can be significant impacts on the business, such as a reduction in the purchasing power of consumers and, consequently, a lower turnover of stock.
What strategies should managers develop to deal with unemployment rates?It is essential that there is an active management of talent in the organization, that is, managers must seek to reduce employee turnover by improving working conditions and benefits, positively altering the employee's perception, which increases the sense of appreciation of the your job.
Therefore, there are necessary strategies that must be developed to reduce the risks associated with high or low unemployment rates, so that these situations do not significantly impact the business and put an organization's operations at risk.
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Efforts to carry out critical management-related duties, such as planning, setting objectives for employees, and monitoring performance, can be best categorized as?
It is best to classify actions taken to accomplish important management-related tasks as task-related activities, such as planning, establishing goals for workers, and monitoring performance.
Task-based activities require students to utilize the target language in order to complete a process with a predetermined result. The finest TBL exercises include examples from actual events so that the students may see how the lesson relates to their own lives.
What are some task-based examples?
A lesson or unit in task-based learning is created to assist students in completing a specific activity, such as writing a letter, reserving a flight, organizing a trip, working together to create a product, or conducting a meeting.
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Moral idealism and utilitarianism are two prominent personal ________ that are important in marketing.
Moral idealism and utilitarianism are two prominent personal Moral philosophies that are important in marketing.
According to moral idealism, the ideal set of moral laws—which are themselves defined in terms of a moral ideal—are what constitute morality. According to a moral idealism, morality is that collection of unchanging laws. which, if obeyed, would bring about the moral ideal of this idealism.
A moral theory known as utilitarianism favors activities that increase happiness or pleasure and disapproves of those that increase sadness or harm. A utilitarian ideology would seek to improve society as a whole when used to guide social, economic, or political decisions.
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A student who wants to transfer to a university and earn a bachelors of science degree must complete an associate of science degree at a community college. True or false
It is completely incorrect to state that a student who wants to transfer to a university and earn a bachelors of science degree must complete an associate of science degree at a community college. Therefore, the statement given above is false.
What is the significance of a bachelors degree?A bachelors degree can be referred to or considered as a degree that can be achieved by a student in his or her name by clearing and meeting the requirements for holding the degree as such. Bachelors degree can only be achieved by attending a bachelors college and course.
Therefore, the statement given above regarding the significance of a bachelors degree is false.
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______ can be a good form of communication for consumers and brands because of its short message length, ease of posting, receiving, and forwarding messages, and its convenience on a smartphone.
social media platforms because of its short message length, ease of posting, receiving, and forwarding messages, as well as its convenience on a smartphone can be a good way for brands and customers to communicate.
Social media are interactive technologies that make it easier to create and share content across virtual communities and networks, including information, ideas, interests, and other kinds of expression. The range of standalone and integrated social media services that are currently offered presents obstacles to the definition of social media, yet there are certain shared characteristics. In relation to media, the term "social" implies that platforms are user-centric and encourage social interaction. Social media can therefore be seen as an online facilitator or enhancer of human networks—networks of people that improve social connection.
Typically, users access social media services using web-based desktop applications or by downloading apps for their mobile devices (e.g., smartphones and tablets).
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Which group of stakeholder's primary intersts include professional associations, ethical recycling, and increasing employment?
A community group of stakeholders' primary interests include professional associations, ethical recycling, and increasing employment.
Who are stakeholders?A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
However, the idea has been broadened to encompass communities, governments, and trade groups as a result of the growing focus on corporate social responsibility.
An organization's stakeholders may be internal or external. Internal stakeholders are those who have a direct interest in a firm, such as through employment, ownership, or investment.
External stakeholders are those who don't work for a company directly but are still impacted by its decisions and results. Public organizations, creditors, and suppliers are all regarded as external stakeholders.
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Wealth is an accumulation of tangible products; goods are counted as wealth, but services are not.
True or false
Answer:
F
Explanation:
Organizational stakeholders include:________
a. employees.
b. unions.
c. suppliers of capital.
d. host communities.
Organizational stakeholders include employees. The correct answer is A, Stakeholders in the organization are those who are involved in its operations.
Stakeholders in an organization are typically happy when: businesses offer a vibrant, stimulating, and fulfilling work environment.
Everyone is interested in the company. Stakeholders can invest in the company as well, and the results of the business depend on what they do. Such a stakeholder is crucial in determining both the company's future and how it will operate on a daily basis.
Stakeholders are everyone that a company's actions may have an impact on, such as shareholders, business partners, employees, and customers.
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Currently, the united states exports more than it imports. true false
Currently, the united states exports more than it imports. false
What is exports?Because they provide people and businesses with access to a wide variety of markets, exports are crucial to modern economies. Fostering economic trade, including encouraging imports and exports for the benefit of all trading parties, is one of the main goals of diplomacy and foreign policy between governments.
In terms of cash, China, the United States, Germany, the Netherlands, and Japan were the top exporting nations in the globe in 2019, according to research firm Statista.
In all, China exported items worth about $2.5 trillion, mainly industrial and technological equipment. U.S. exports, which mainly consisted of capital goods, totaled about $1.6 trillion. The majority of Japan's exports, which amounted about $705 billion, and Germany's, which totaled about $1.5 trillion, were made up of automobiles. A total of $709 worth of exports were made by The Netherlands.
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Other names for manufacturing overhead include ______.
a. factory burden
b. indirect manufacturing costs
c. prime manufacturing costs
d. factory overhead
Other names for manufacturing overhead include:
a. factory burden
b. indirect manufacturing costs
c. factory overhead
What is manufacture overhead?
A company's manufacturing activities include any expenses that are incurred that are not directly related to the cost of direct supplies and labor. Manufacturing overhead is referred to as an indirect cost because of this.
Costs, however, that are incurred outside of the manufacturing facilities are not costs for the products and cannot be inventoried. These expenses, which comprise selling, general, and administrative charges such corporate salaries, audit, and legal fees, are only reported as expenses and are included in the income statement for the accounting period in which they take place.
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Which of the following describes a taxpayer with a hobby?
a) Sara, an independent seller for a cosmetics company, who sells products to friends and neighbors because she enjoys learning about the new products available. She maintains separate business and personal accounts and keeps meticulous business records.
b) Craig, a taxpayer who builds model trains. He occasionally wins cash prizes in local train modeling contests. He deposits his winnings into his personal checking account.
c) Everett, a university research associate, who had made profits on his research activities in the past and fully expects to do so in the future.
d) Gail, a taxpayer who writes travel articles. She visits each location only after she has a valid contract with a publisher and keeps her business and personal accounts separate. Her travel expenses and earnings are in line with the earnings and expenses of other travel writers.
The correct answer is (a) Sara, an independent seller for a cosmetics company, who sells products to friends and neighbors because she enjoys learning about the new products available. She maintains separate business and personal accounts and keeps meticulous business records.
What is an independent contractor?A self-employed individual or business that is engaged to provide goods or services to another business is known as an independent contractor. As a result, independent contractors are responsible for paying their own Social Security and Medicare taxes. Independent contractors that a company hires are not compelled to get the employment benefits, such as health insurance and employer-sponsored retirement plans, that the company might typically offer to its workers. The payer shall correctly identify each payee as either an employee or an independent contractor. Independent contractors are frequently referred to as "freelancers".
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Economists assume that rational behavior is useful in explaining choices people make.
The foundation of rational choice theory, an economics theory that holds that people always choose options that maximize their own value, is rational behavior. Given the options available, these choices offer consumers the greatest benefit or enjoyment.
Since the gratification could be solely emotional or non-monetary, rational activity may not include obtaining the greatest monetary or material advantage. For instance, even though it is probably more financially advantageous for an executive to remain with a company rather than retire early, doing so is still regarded as rational action if the executive feels that the advantages of retirement outweigh the utility of the income she receives.
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The regular expression for 4-digit cvc numbers used by american express card holders is?
The regular expression for 4-digit CVC numbers used by American Express card holders is /^\d{4}$/.
CVV stands for Credit card Validation (or Verification) Value. The CVV is a three or four digit code embossed or printed on the opposite aspect of many credit score or debit cards. This is a further protection degree to make certain which you have bodily ownership of the credit score card itself. Remove the remaining range of the credit score card range, then input within side the four digit CVV code, in the end placed the remaining digit of the credit score card again at the credit score card range line. The CVC is the 4-digit range positioned at the the front of the credit score card. The 4-digit range is positioned at the proper or left above the account range. The CVC is the three-digit range positioned at the again of the credit score card, at once after the remaining 4 digits of the credit score card range.
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Primo remo cars recalled one of its car models after it learned about a defect in its engine. by doing so, it met all the expectations of its customers. this is an example of a:___________
This is an example of a Accommodative strategy According to the definition of an accommodating approach, management may see CSR activities favorably and be prepared to partake in them to some extent or to allocate some corporate funds to them.
The Age of Greed is characterized by defensive corporate sustainability and responsibility (CSR), in which all corporate sustainability and responsibility practices, which are typically limited, are only implemented if and when it can be demonstrated that shareholder value will be preserved as a result.What does tolerant social responsibility entail?The tactic of accommodating social responsibility is employed when a business decides to take ownership of certain issues and initiate solutions.To Learn more about Accommodative strategy click the links.
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sno sports llc makes and sells a snowboard to toby. sno sports fails to exercise "due care" to make the board safe, and toby is injured as a result. sno sports is most likely liable for
SNO Sports LLC makes and sells a snowboard to Toby. SNO Sports fails to exercise "due care" to make the board safe, and Toby is injured as a result. SNO Sports is most likely liable for Negligence.
Negligence meaning inability to practice the consideration that a sensibly judicious individual would practice in like conditions.
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Major airlines change hundreds of fares daily in response to competitor tactics, which is an example of using.
As the Major airlines change hundreds of fares daily in response to competitor tactics, this is an example of using a competitive intelligence.
What is a competitive intelligence?It is also called a corporate intelligence. It refers to a firm's ability to gather, analyze and use information collected on competitors, customers and market factors to its business's competitive advantage.
This type of intelligence is important because it helps businesses understand their competitive environment and the opportunities and challenges it presents. It allows businesses to analyze the information to create effective and efficient business practices.
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The law of diminishing marginal returns is the cause of ______________ marginal product and ______________ marginal cost.'
The law of diminishing marginal returns is the cause of Decreasing marginal product and increasing marginal cost.
What is the law of diminishing marginal returns?The law of diminishing returns identifies a point on a production curve where creating an extra unit of output will result in a loss and is known as negative returns, rather than causing a drop in total production capabilities. While productivity and efficiency decline, production continues to be positive under the law of diminishing returns.
As the amount of a single production element is incrementally increased while maintaining the same level as all other production factors, this phenomenon is known as diminishing returns in economics (ceteris paribus). The law of decreasing returns, commonly referred to as the law of diminishing marginal productivity, holds that when a production factor is increased by one unit while keeping all other production factors constant, the output per additional unit of input eventually decreases.
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During exponential growth, the number of individuals added per unit time increases, while the _____ stays the same.
During exponential growth, the number of individuals added per unit time increases, while the per capita growth rate stays the same.
What is per capita growth rate?
The first factor that affects population size is the per capita population growth rate, which measures how quickly the population grows as a whole per person. The population's rates of birth, mortality, emigration, and migration influence this growth rate.
named indicator GDP expansion (GDP per capita growth) brief explanation GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.
Therefore,
During exponential growth, the number of individuals added per unit time increases, while the per capita growth rate stays the same.
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In the marketing mix, which element of the four ps communicates value to the consumer?
a. product
b. price
c. place
d. promotion
The corret option (D) Promotion
What is marketing mix?As part of a comprehensive marketing plan, a marketing mix contains numerous areas of emphasis. The phrase frequently relates to the four Ps: product, price, placement, and promotion, which were originally used to classify things.Effective marketing covers a wide range of issues rather than concentrating primarily on one theme.
As a result, it is simpler to engage a larger audience, and by keeping in mind the four Ps, marketing professionals are better equipped to focus on what matters most. By focusing on the marketing mix, businesses can make more strategic choices when introducing new items or changing existing ones.
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When the price elasticity coefficient is equal to infinity, the product exhibits ______ demand.
When the price elasticity coefficient is equal to infinity, the product exhibits perfectly elastic demand.
What is the price elasticity of demand?A measure of a product's change in consumption in response to a change in price is called price elasticity of demand. How responsive the amount wanted is to the price is determined by a good's price elasticity of demand (PED). Almost all items see a decline in demand when prices rise, but certain goods are more affected than others. The price elasticity gives the percentage change in the quantity needed when a price rises by 1% and all other variables stay the same. A 1% rise in price causes a 2% decrease in the amount sought if the elasticity is 2. Other elasticities are used to determine how much the quantity needed changes in relation to other factors.
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Trade-offs may occur among the six sources of competitive advantage. managers should realize that ____
Trade-offs may occur among the six sources of competitive advantage. managers should realize that this doesn't need to be a zero-sum game where one source has to suffer at the expense of another.
What is a competitive advantage?This is the term that is used in economics and commerce to refer to the advantage that businesses and organization would have over the people that stands as their rivals. It is how they are able to maintain their consumer base.
Hence we can say that Trade-offs may occur among the six sources of competitive advantage. managers should realize that this doesn't need to be a zero-sum game where one source has to suffer at the expense of another.
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The primary concern about ethics training programs in organizations focuses on _______.
The primary concern about ethics training programs in organizations focuses on Whether ethics can be taught.
What is the purpose of ethics training?The ethics training can be described as the training that is been given in an organization to the members of the organization to know the rules as well as the guiding principle that surround the working process of the organization.
It should be noted that , primary concern about ethics training programs in organizations focuses on Whether ethics can be taught.
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________ is the degree to which employees believe the organization values their contribution and cares about their well-being.
Perceived organizational support is the degree to which employees believed that the organization values their contribution and cares about their own well-being.
Perceived Organizational Support is a term that refers to the perception of the employee concerning the extent to which the particular organization values their level of contribution and also cares about their well-being. POS has been found to have major important consequences on concerned employee performance as well as well-being.
This organizational support is important since the employees are more effective during work than when they receive the credential of appreciation. The more the number an employee receives praise or other recognition for purpose of what they do, the more likely they will be reacting well to the management changes as well as the company's needs.
The perceived organization also has performance that can be defined as the perceptions of employees regarding their overall performance of the organization and perceived organizational performance which is related to the human resources management practices that are directly affecting the attitudes of employees which will be within an organization.
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