A firm can exercise greater control over its suppliers by adopting different strategies such as having global suppliers, local suppliers, or a limited number of suppliers.
The control a firm has over its suppliers can be influenced by various factors. One strategy is to have global suppliers. This approach enables the firm to tap into a larger pool of suppliers from different countries or regions. By having global suppliers, the firm gains access to a wider range of products, services, and expertise. Additionally, global suppliers may offer cost advantages, such as lower labor or production costs in certain regions. However, managing global suppliers requires effective coordination across different locations, time zones, and cultural contexts, which can be challenging.
On the other hand, having local suppliers can provide a firm with more direct control over its supply chain. Local suppliers often offer proximity, allowing for closer collaboration, faster response times, and easier quality control. Working with local suppliers can also foster stronger relationships and a better understanding of the local market dynamics. However, relying solely on local suppliers may limit the firm's access to specialized products or resources that may be available from suppliers in other regions.
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If there's upward pressure on price how does this affect the supply side of the market?
If there's upward pressure on price, there would be an increase in the quantity supplied.
What the relationship between price and the quantity supplied?
There is a positive relationship between price and the quantity supplied. When there is an increase in price, the quantity supplied increases all things being equal.
The positive relationship between price and the quantity supplied is a result of the desires to earn more profit. So when price increases, in order to earn higher income, producers would increase the quantity supplied. This postulation is in line with the law of supply.
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Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.
Answer:
B. economic principles affecting entire countries.
Explanation:
Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.
Answer:
economic principles affecting entire countries
Explanation:
i took the test
Summarize the trading policies that the United States presently holds with China.
In the twenty years since China joined the World Trade Organization, trade between the U.S. and China has expanded. Both Chinese and American consumers and businesses have profited from this trade.
What do you know about the trading between the U.S. and China?Trade between the United States and China has significantly increased recently and is essential for both nations. China is currently the greatest source of imports for the United State. Despite having drawbacks, this trade has benefited the US economy by lowering consumer prices and increasing corporate profits.
Consumers and businesses in the United States and China have profited from this trade, but Beijing's state-led development has brought about a number of issues, prompting Washington to push back.
To change the bilateral relationship, President Biden also kept tariffs on Chinese imports and enacted new trade restrictions.
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Can we treat all small businesses the same? Why or Why not?
Answer:
Depends on what you define as small business, if you mean a mom and pop pharmaceutical store across the road that keeps the money within the family and has every member of the family working in the shop to create an infinite amount of revenue for themselves until they hit a profit, then sure. They contribute tax dollars to the community through supplying jobs and creating cheaper cost for locals, which gives incentive to buy more in bulk and thus creating more tax dollars. Unless you are talking about the man in the apartment building who makes home grade meals and sells them cheap to his community, then no. While he is contributing tax dollars all those dollars aren't going back into the community until he buys something with that money, and the people who spent that money just got a tax free meal that 't go into the community didn't.
Explanation:
prepare a double entry ledger entries January 3 took out of the cash till$50 and put into the business by cheque Jan 4 the proprietor put a further$5000 in to business by cheque .please I need it quick
Explanation:
In the first entry, $50 is taken out of the cash till and put into the business as drawings. The effect is a decrease in the cash balance and an increase in the drawings account.
In the second entry, the proprietor puts a further $5000 into the business by cheque. The effect is an increase in the capital account and an increase in the bank balance.
It's important to note that "Drawings" and "Capital" are the accounts used to record the personal transactions of the business owner in this case, it is assumed that the business is a proprietorship. Other forms of business may have different accounts to record the personal transactions of the owne
If I want to make a small business should I make what i sell or hire people to make things?
Answer:
start small, you need money to hire people to work for your business. i would recommend starting with making things yourself. or give people you hire different positions, such as dropping off the orders at the post office and another person could help you make things so that the service is a lot faster and you'll have more things in stock.
then wait until you have enough money, and then you could hire some people to help you out.
What is the name of the organization that published abbreviations that are meant to avoid confusion in international business transactions?.
The name of the organization which published abbreviations which are meant to avoid confusion in international business transactions is the International Chamber of Commerce.
In order to facilitate commerce around the world, the International Chamber of Commerce (ICC) publishes a set of Incoterms, which is officially known as the international commercial terms. Thus, globally recognized Incoterms tend to prevent confusion in the foreign trade contracts.
This organization called the International Chamber of Commerce tends to publish abbreviations which are meant to avoid confusion in the upcoming international business transactions.
Hence, the International Chamber of Commerce (ICC) developed Incoterms in 1936.
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Critical Thinking Questions
1. How are consumer buying decisions related to successful financial management?
2. What are some of the strategies that you currently use to make consumer buying decisions? Do you think your strategies are helping or hindering your financial plan? Why? Are there improvements that you could make in your buying decisions?
3. What are some of the ways to reduce your risk of becoming a victim of identity theft?
4. What are three different advertising techniques that sponsors use to encourage you to buy a product? Describe each technique.
5. What should you do if you are a victim of identity theft?
The way consumer buying decisions are related to successful financial management is If the consumer spends their money according to their financial plan it would be successful.
What is Consumer Decision?This refers to the decision that is taken by the customer about what to purchase and this affects demand and supply.
Hence, we can see that some strategies that can be used to make consumer buying decisions are:
Problem Recognition. ...Information Search. ...Evaluation of Alternatives. ...Purchase Decision. ...Purchase. ...Post-Purchase EvaluationRead more about consumer buying decisions here:
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ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. During the year ABC Ltd sold 40% of its investments being held in the beginning of period at a profit of Rs 16,800. Determine cash flow from investing activities.
ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. the cash flow from investing activities was Rs 44,000.
What are investing activities.?Generally, Investing activities are actions taken by a business or individual to acquire or dispose of assets in order to increase their wealth. These activities can include the purchase of stocks, bonds, mutual funds, real estate, or other types of investments. Investing activities are typically undertaken with the goal of generating income or capital appreciation over time.
To determine the cash flow from investing activities, we need to calculate the amount of cash that ABC Ltd received from selling its investments.
The investment at the beginning of the period was Rs 68,000. If 40% of this investment was sold, then the amount sold was 40/100 * Rs 68,000 = Rs 27,200.
The profit from the sale of these investments was Rs 16,800, so the total cash received from the sale was Rs 27,200 + Rs 16,800 = Rs 44,000.
Therefore, the cash flow from investing activities was Rs 44,000.
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mention one Islamic song and recitation
Answer:
islamic song: SURAH AL IMRAN HOLY QURAN, BEAUTIFUL HOLY QURAN
I hope it helps you
All of the following are examples of direct goods in the auto industry except:
A) sheet steel.
B) shatter-resistant glass.
C) rubber molding.
D) desktop computers.
All of the following are examples of direct goods in the auto industry except desktop computers. Option d. is correct.
In the auto industry, direct goods refer to the materials and components that are directly used in the production of vehicles. They are typically tangible goods that are incorporated into the final product.
Examples of direct goods in the auto industry include sheet steel, shatter-resistant glass, and rubber molding. These items are directly used in the manufacturing process and become part of the finished automobiles.
However, desktop computers are not considered direct goods in the auto industry. While computers may be used in various stages of the automotive production process, such as design and testing, they are not physically incorporated into the vehicles themselves.
Desktop computers would fall under the category of indirect goods or indirect materials, which are items that support the production process but do not become part of the final product.
Therefore, among the given options, desktop computers are the exception as they are not considered direct goods in the auto industry.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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True or false? When creating a budget to repay your student loans, you can
save money by paying only the interest.
O True because paying only the interest reduces the length of the loan and
reduces the total amount you pay in the long-term
True because paying interest means monthly payments will be small
O False because it is not possible to only pay the interest,
O False because paying only interest lengthens the life of the loan and increases
the total amount you pay in the long-term.
Next →
Sign out
The correct answer choice is; True, because paying only the interest reduces the length of the loan and reduces the total amount you pay in the long-term.
Paying off Student LoansIt follows from study that; while paying off student loans, it usually pays off to pay the interest first. On this note, it follows that the principal of the loan remains constant and hence, compound interest is avoided and consequently, the total amount you pay in the long-term is reduced.
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when should the total dollar value of debits equal the total dollar value of credits in a transaction? multiple choice question. always never sometimes
The total dollar value of debits should equal the total dollar value of credits in a transaction always.
In double-entry bookkeeping, every transaction affects at least two accounts, with one account being debited and another account being credited. This system ensures that the accounting equation (Assets = Liabilities + Owner's Equity) remains in balance, and the total dollar value of debits must always equal the total dollar value of credits for each transaction.
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When Krystal Ginger graduates from culinary school she dreams of opening her own Asian fusion restaurant. Her other passion is skiing in Colorado, where she schedules four or five trips each year. As her small business advisor, you believe it necessary to provide her with information that will help her make good business decisions. Which of the following would be helpful for Krystal to know?
A. Restaurants are relatively easy businesses to start, but are labor intensive and also have the greatest failure rate.
B. Restaurants are not the easiest type of business to start, but once you get it going, you will have plenty of time for skiing.
C. Most restaurant owners get rich if they open their own, independent restaurant as opposed to starting a franchised operation.
D. Franchised operations will take less time on the part of the owner than a regular independently owned operation. If she opens a franchise, she will have more time for creativity in the business, and more time for skiing too.
Answer:
The answer is A.) Restaurants are relatively easy businesses to start, but are labor intensive and also have the greatest failure rate.
Explanation:
Active listening is a process of communication in which the listener engages the speaker by repeating or rephrasing the speaker’s words; the listener may also mirror body language or _____.
apathetic behavior
tone of voice
nervous tics
hand gestures
Answer: tone of voice
Explanation:
Active listening refers to a process of communication whereby the speaker is engaged by the listener who repeats the words or statements heard.
Active listening involves the individual listening with all his or her senses and giving the speaker all the attention needed.
In active listening, the listener can mirror the body language or the tone of voice of the speaker. Active listening can be either acquired or developed through constant practice.
HELP PLEASE
Q1 How would you describe Snap-On Tools' competitive strategy? Does it fit a price or non price model? Explain (4)
q2 How are the free enterprise " freedoms" of ownership and profit depicted in this scenario on Snap- On Tools? (4)
Q3 Is there any risk for the franshised dealers who purchase the truck, tools and equipment from Snap- On? ( 2)
Answer:
Q1. Non price model
Q2. How free enterprise "freedom" of ownership and profit are demonstrated includes
1) Snap-on tools ability to make and sell their tools for profit
2) Snap-on tools ability to sell out of mobile trucks, rather than store
3) Snap-On tool is able to offer credit financing to the its customers
Q3 The risks are,
a) Damage to reputation
b) Joint liability
c) Compliance to commercial regulations
Explanation:
A non-price competition is a form of marketing strategy, whereby a company or establishment puts in place distinguishing factors in its goods and or services, in order to distinguish them from competing goods or services.
What does Investing mean?!
Answer:
It means "expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture."
Explanation:
don't have an explanation
Answer:
expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.
Explanation:
I hope this help
how much will zeke have at the end of 7 years if he can earn 6ompounded quarterly on his initial $5,000 investment?
Zeke will have approximately $7,604.55 at the end of 7 years.
We can use the formula for compound interest to calculate how much Zeke will have at the end of 7 years:
A = P*(1 + r/n)^(n*t)
where:
A = the amount Zeke will have at the end of 7 years
P = the initial investment of $5,000
r = the annual interest rate of 6%
n = the number of times the interest is compounded per year, which is 4 since the interest is compounded quarterly
t = the number of years, which is 7
Plugging in the values, we get:
A = 5,000*(1 + 0.06/4)^(47)
A = 5,000(1 + 0.015)^28
A = 5,000*(1.015)^28
A = 5,000*1.5209
Therefore, Zeke will have approximately $7,604.55 at the end of 7 years.
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Which of the following types of work would a company be most likely to preform through outsourcing?
A) Long- term work that requires close supervision
B) A consistent, predictable amount of work
C) Important tasks that the company wants control over
D) Specialized work that doesn’t require much supervision
Answer:
The answer is D.
Explanation:
Got it right on edg
The following types of work would a company be most likely to preform through outsourcing: Specialized work that doesn’t require much supervision. Thus option (D) is correct.
What is a company?A company is a legal entity formed by a group of people, known as shareholders, to conduct business. It is a separate legal entity from its owners, which means that it can enter into contracts, sue or be sued, and own property in its own name.
The primary goal of a company is to generate profits for its owners, but it can also have other objectives such as providing goods and services to customers, creating jobs, and contributing to the community.
The specialized work that doesn’t require much supervision would a company be most likely to preform through outsourcing. Therefore, option (D) is correct.
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Furniture is an
O asset
O expense
O none of the above
Answer:
Asset.
Explanation:
An asset is a useful or valuable thing or person.
Bebarly appreciates compliments about her new photography business but really values constructive criticism, as she can then address particular issues. According to Julian Rotter, Bebarly has a(n)
Assuming Bebarly appreciates compliments about her new photography business but really values constructive criticism. According to Julian Rotter, Bebarly has a(n): internal locus of control.
What is internal locus of control?Internal locus of control can be defined as the way in which a person or an individual believe that whatsoever happen to them is as a result of their own capabilities.
A person with Internal locus of control personality will tend to believe that their action is what lend to the positve result they had just as in the case of Bebarly.
Inconclusion according to Julian Rotter, Bebarly has a(n): internal locus of control.
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Which of the following statements are accurate regarding currency value fluctuation? (Check all that apply.)
Central banks buy and sell large amounts of currency in order to affect the supply and demand of that particular currency.
Central banks allow most major currencies to fluctuate freely against one another.
The majority of currency value fluctuations are significantly less than 1%.
As supply of a currency increases, the price of the currency increases.
The assertions that central banks permit the majority of currencies to freely fluctuate against one another and buy and sell large quantities of currency to influence supply and demand. Option A and C are correct.
Since most major economies have floating exchange rates, currency fluctuations are inevitable. Exchange rates are influenced by a variety of things, such as a country's economic performance, inflation expectations, differential interest rates, capital flows, and so on.
The possibility that a company will incur financial losses as a result of currency fluctuations in international trade is known as foreign exchange risk. It is also known as currency risk, foreign exchange risk, and exchange rate risk. It is the possibility that a change in the relative value of the involved currencies could lower the value of an investment.
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How did the mental models formed by the newly hired employees differ from reality? How could the newly hired employees prepared themselves with a more accurate mental model?
Mental models are cognitive constructs that people use to understand how the world works. They can be useful in helping people to make sense of complex situations, but they can also be problematic if they do not match reality. The mental models formed by newly hired employees can often differ from reality because they are based on limited information or assumptions that are not correct.
1. Asking questions: Newly hired employees should not be afraid to ask questions of their colleagues, supervisors, or other sources of information. This can help them to gather more information and gain a more accurate understanding of how things work.
2. Observing: Observing the work environment can help new employees to gain a better understanding of how things work in reality. This can include observing how tasks are performed, how people interact with each other, and what the norms and expectations are.
3. Seeking feedback: New employees should seek feedback from their colleagues and supervisors to ensure that they are on the right track. This can help them to identify any gaps in their knowledge or assumptions that need to be corrected.
4. Reflecting: Reflecting on their experiences can help new employees to identify any gaps in their understanding and adjust their mental models accordingly. This can include thinking about what worked well, what did not work well, and what they can do differently in the future.
By taking these steps, newly hired employees can prepare themselves with a more accurate mental model that better matches reality. This can help them to be more effective in their work and avoid misunderstandings or mistakes that can be costly to the organization.
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Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only retail stores. You are an accountant and during your examination of the financial statements of Costco for the year ended December 31, Year 1, you discover net income in Year 1 is $25,000 but no adjusting entries have been prepared. Now you have to prepare the adjusting entries for Costco, and before you do so you discover the following items: a. An insurance policy covering three years was purchased by Costco on January 1, Year 1, for $2,100. The entire amount was debited to insurance expense. b. During Year 1, Costco Wholesale received a $500 cash advance from a customer for services to be provided in Year 2. The $500 was credited to sales revenue. c. All Costco's purchases of supplies were debited immediately to supplies expense. However, you discover that supplies costing $400 were on hand on December 31. d. Costco also borrowed $10,000 from a local bank on October 1, Year 1. Principal and interest at 12% will be paid on September 30, Year 2. No accrual was recorded for interest.
The financial statements for Costco Wholesale Corporation, adjusting entries need to be prepared. These include recognizing prepaid insurance for two years ($1,400) and adjusting insurance expense accordingly, deferring the $500 cash advance as unearned revenue.
Adjusting entries are necessary to ensure that financial statements accurately reflect the financial position and performance of a company. In this case, several errors and omissions were identified. First, the insurance policy purchased for three years needs to be recognized as a prepaid expense. Since one year has already elapsed, the adjustment involves reducing insurance expense by $700 ($2,100/3) and recognizing a prepaid insurance asset of $1,400 ($2,100 - $700).
Next, the $500 cash advance received for services to be provided in Year 2 should be recorded as unearned revenue, as it represents an obligation to provide future services. This adjustment reduces sales revenue by $500 and establishes a liability for unearned revenue.
The supplies costing $400 on hand at the end of the year were initially expensed, but they should be recognized as an asset. This adjustment reduces supplies expense by $400 and recognizes a supplies asset of the same amount.
Lastly, interest expense needs to be accrued for the loan from the bank. The $10,000 loan at a 12% interest rate for one year results in $1,200 of accrued interest expense.
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Show and explain how each of the following will affect the current supply (increase supply or decrease supply) for motorbikes. a. A rise in wage rates. b. An increase in the number of sellers of motorbikes. c. A tax is placed on the production of motorbikes.
a. A rise in wage rates: Decrease supply for motorbikes.
b. An increase in the number of sellers of motorbikes: Increase supply for motorbikes.
c. A tax placed on the production of motorbikes: Decrease supply for motorbikes.
a. A rise in wage rates: An increase in wage rates will lead to an increase in production costs for motorbike manufacturers. This will result in a decrease in supply for motorbikes. Higher wage rates mean higher labor costs, which directly impact the production expenses. As a result, manufacturers may reduce their production or increase the prices of motorbikes to compensate for the increased costs, leading to a decrease in the supply of motorbikes in the market.
b. An increase in the number of sellers of motorbikes: An increase in the number of sellers of motorbikes will result in an increase in supply. When there are more sellers in the market, competition intensifies, which can lead to lower prices and increased production. New sellers entering the market increase the overall availability of motorbikes, expanding the supply. This can be beneficial for consumers as they have more options to choose from and may also lead to price competition among sellers.
c. A tax placed on the production of motorbikes: Imposing a tax on the production of motorbikes will increase the production costs for manufacturers. This will decrease the profitability of producing motorbikes and may lead to a decrease in supply. Higher production costs reduce the incentive for manufacturers to produce motorbikes, potentially resulting in reduced output or an increase in prices to offset the tax burden. Ultimately, this can lead to a decrease in the supply of motorbikes in the market.
Hence, a rise in wage rates and the imposition of a tax on the production of motorbikes will decrease the supply, while an increase in the number of sellers will increase the supply of motorbikes.
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PRO and CONS Airbnb?
Pros and Cons of staying in an Airbnb
Pros:
Larger than staying in a hotel
Less crowded
Less expensive
Cons:
The host is less trustworthy than workers at hotels for various reasons
Could be cameras in places like bathrooms or rooms to watch you
You probably will have to eat out
Communicating with people you know or meet to share information or advice about a job defines
a contact list
b. job leads
C. networking
d career fair
Answer:
C
Explanation:
Answer:
c
Explanation:
In 2022, nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 7 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 25 years, what is nina's after-tax accumulation from her 2022 contributions to her 401(k) account?
The after-tax accumulation from Nina's 2022 401(k) contributions is roughly $34,314.59.
The actions below must be taken in order to determine Nina's after-tax accumulation from her 401(k) account contributions in 2022:
Determine Nina's before-tax contribution in step one:
Assuming Nina contributes 10% of her $100,000 yearly earnings, her pre-tax contribution would be $10,000.
Determine Nina's accumulation before to taxes step two:
When Nina makes 401(k) contributions, she anticipates earning a 7% before-tax rate of return, thus her before-tax accumulation after 25 years is: $10,000 x (1 + 0.07)25 = $45,752.79
Determine Nina's after-tax growth in step Three:
We must take into account the tax ramifications of Nina's contributions and profits in order to determine her after-tax accumulation. The way Nina's 401(k) contributions and earnings are taxed will vary depending on her tax rate, when she retires, and the current tax legislation.
Nina's after-tax accumulation is $45,752.79 x (1 - 0.25) = $34,314.59 assuming a 25% tax rate.
Consequently, Nina's 401(k) account's after-tax accumulation from her 2022 contributions is roughly $34,314.59.
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How a group is arranged in regards to leadership, governance, rules for operation and decision making is called _______ structure.