A manufacturing system consists of a machine, an inspector and a warehouse. When a part arrives and finds the machine idle, its processing starts right away, otherwise, it waits in the machine's queue. After processing in the machine is completed, it moves to the inspector. If it finds the inspector idle, its inspection starts immediately, otherwise, it waits in the inspector's queue. At the inspector, the part is classified as "Good", "Bad" or "Repairable". Good parts are transferred to and stored in the warehouse. Bad parts are discarded and removed from the system immediately. Repairable parts are recycled back to the machine where they are repaired; and after repairing in the machine is completed, they undergo the same inspection process again. (a) Assume that both queues are First-In First-Out (FIFO) queues with unlimited capacities. Also assume that the repairable parts take the same processing times as new parts, and they join the tail-end of the machine's queue. Define the system state at time t as [M(t),I(t),W(t)], where M(t)= number of parts in the machine and its queue I(t)= number of parts in the inspector and its queue W(t)= number of parts in the warehouse Let [m,i,w] be the current state of the system. Define events and write the corresponding state transitions. (b) Now, assume that the machine has two queues - one for new parts and one for repairable parts. All queues are FIFO queues with unlimited capacities. New parts are given the highest priority and processed in the machine as soon as possible. Repairable parts are given the lowest priority and processed only when there are no new parts waiting. When a repairable part is processing in the machine, its process will not be interrupted even if a new part arrives. Define the system state at time t as [N(t),R(t),B(t),I(t),W(t)], where N(t)= number of new parts in the machine's highest priority queue R(t)= number of repairable parts in the machind's lowest priority queue B(t) = busy function of the machine (0-idle, 1= busy) I(t)= number of parts in the inspector and its queue W(t)= number of parts in the warehouse Let [n,r,b,i,w] be the current state of the system. Write the corresponding state transitions for the events that you defined in (a).

When the American Arbitration Association receives an application for the appointment of an arbitrator, it appoints a tribunal administrator who then informs the parties of the procedures and rules of arbitration.

Arbitration is a manner wherein a dispute is submitted, via settlement of the parties, to at least one or extra arbitrators who make a binding selection on the dispute. In choosing arbitration, the parties opt for a personal dispute resolution method in place of going to court.

Arbitration is frequently used for the decision of industrial disputes, especially in the context of worldwide industrial transactions. In sure countries consisting of the USA, arbitration is also frequently employed in customer and employment subjects, where arbitration may be mandated with the aid of the phrases of employment or industrial contracts and can consist of a waiver of the right to bring a class motion declaration. obligatory patron and employment arbitration have to be distinguished from consensual arbitration, mainly industrial arbitration.

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Answer:

Ethics of Competition

Explanation:

Justin Justin learned about the ethics of competition, which implies that he does not disclose what he knows even if it is not in favour of Hope Springs because competition allows for such concealment of information.

Remember, a major facet of the"ethics of competition" is that it allows for freedom, so Big Box Co. has the freedom to produce any new product that would give her greater advantages.

Ethics in the organization have an important role in the marketing of the organization and the employee's ethics are responsible for the company's work. The organization's ethics helps in evaluating the stake of the company in the market.

The ethics learned by Justin helps him maintain the principle of both the companies. The sharing of information from Justin's end will deteriorate his employee's ethics, and his chances of being selected for the company's position may reduce.

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Answer:

A.

Explanation:

A says decrease

B and C says Increade

Option a) not consideration. A promise to perform an existing obligation is not consideration for the purposes of a contract. Consideration refers to something of value that is exchanged between the parties to a contract, such as money, goods, or services.

A promise to perform an existing obligation is not something of value that is exchanged between the parties, it is simply a promise to fulfill an obligation that was already owed. b) binding if the promisor promises to perform with due care.

A promise to perform an existing obligation is generally binding on the promisor, whether or not the promisor promises to perform with due care. The mere fact that the promise is to perform an existing obligation creates a binding contract. However, if the promisor promises to perform with due care, this may affect the extent of their liability if they breach the promise. For example, if the promisor promises to perform with due care, they may be liable for any losses caused by their breach, whereas if they do not make this promise, their liability may be limited to the amount that was originally owed.

c) binding if the promisor promises to perform to suit the personal satisfaction of the promisee.

A promise to perform an existing obligation is not generally binding on the promisor if the promisee requires the promisor to perform to suit their personal satisfaction. This is because a contract requires both parties to make mutual promises, and the promise to perform to suit the personal satisfaction of the promisee is not a mutual promise. Therefore, it is not a binding contract.

d) binding if the substantial loss would be caused by the promisee by a breach of the promise.

A promise to perform an existing obligation is generally binding on the promisor if substantial loss would be caused by the promisee by a breach of the promise. This is because the promise to perform an existing obligation creates a binding contract, and if the promisor breaches the contract, the promisee may be entitled to damages for any losses suffered as a result of the breach. The extent of the damages will depend on the nature of the breach and the terms of the contract.  

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Answer:

creating a crowdfunding site on the internet

Explanation:

took test

Answer:

C: creating a crowdfunding site on the internet

Explanation:

edg2021

(100 on unit test)

The bank has $318,000 in excess reserves. This is the amount of money that the bank can lend out or invest in order to earn a profit.

The required reserve ratio is the percentage of total deposits that a bank must keep in reserve. In this case, the required reserve ratio is 8.5 percent. To find out how much the bank must keep in reserve, we can use the formula:
Required Reserves = Total Deposits x Required Reserve Ratio.Plugging in the given values, we get:
Required Reserves = $1.2 million x 0.085
Required Reserves = $102,000

This means that the bank must keep $102,000 in reserve. However, we are also given that the bank has $0.42 million in total reserves. To find out how much excess reserves the bank has, we can subtract the required reserves from the total reserves: Excess Reserves = Total Reserves - Required Reserves
Excess Reserves = $0.42 million - $102,000
Excess Reserves = $318,000

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The debt-to-income ratio of Sally is 53%. Thus, option D is correct.

The debt to income ratio is defined as the amount of debt paid per income.

The debt to income ratio (DTI) is given as:

\(DTI=\dfrac{D}{I} \;\times\;100\)

The debt paid by Sally is the sum of amount she paid as a mortgage, mortgage insurance, property tax, card payments, and car payments.

The amount paid by Sally are:

The total debt paid (D) by Sally are:

\(D=1500+125+349\\D=1974\)

The total debt (D) paid by Sally is $1974.

Sally's total income (I) is $3,750

Substituting the values for DTI ratio:

\(DTI=\dfrac{1974}{3750} \;\times\;100\\\\DTI=0.53\;\times\;100\\\\DTI-53\%\)

The debt-to-income ratio of Sally is 53%. Thus, option D is correct.

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Answer:

✅D. 53%

correct ⬇️

The process in the project integration management knowledge illustrated is initiating.

It should be noted that project integration simply means the coordination of all the elements that are in a project.

The process group that the project integration management knowledge area map to through the activities of developing project charters is the initiating group.

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Joseph is using visualization to help him determine which couch to buy.

Joseph's process of visualization plays a crucial role in helping him determine which couch to buy for his living room. As he explores each couch at the furniture store, he actively engages his imagination to envision how it would look in his own living room. This mental exercise allows him to mentally place the couch within the context of his home environment, considering factors such as size, color, style, and how it complements his existing decor.

By visualizing the couch in his living room, Joseph can gauge whether it will harmonize with the overall aesthetic and layout of the space. He considers how the couch will fit in terms of dimensions, ensuring it neither overwhelms nor gets lost in the room. Joseph takes into account the color scheme, contemplating whether the couch will be a complementary or contrasting element within the existing palette.

Furthermore, visualization enables Joseph to assess the functionality and practicality of each couch. He imagines himself and his family members sitting, lounging, or entertaining on the couch, considering aspects like comfort, seating capacity, and usability. Joseph also envisions the placement of the couch, mentally arranging and rearranging furniture in his living room to find the optimal configuration.

Through this visualization process, Joseph is able to mentally project and assess the potential outcome of each couch in his living room. This aids him in making an informed decision based on his preferences, lifestyle, and the specific needs of his living space. By relying on his imaginative faculties, Joseph ensures that the chosen couch not only meets his aesthetic preferences but also seamlessly integrates into his living room, creating a cohesive and visually appealing environment.

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Answer:

1. Excludability

2. Rivalry in Consumption

3. 4 Different Types of Goods

4. Private Goods

Explanation:

Answer:

F

Explanation:

 An organized effort where goods and services are freely exchanged is known as a market.

 A market is a place where buyers and sellers come together to exchange goods and services for money or other forms of payment.

A market is an organized effort where goods and services are freely exchanged. It is an organized system that allows for the free exchange of goods and services, and it is a crucial component of a healthy economy.

Markets can be physical, such as a farmers' market, or virtual, such as an online marketplace. In either case, they provide a platform for buyers and sellers to come together and make exchanges in an organized and efficient manner.

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needs: something you need to survive such as shelter, water and food

wants: something you would like to have such as entertainment

demands: the amount of people needing the item.

supply and demand are important for marketing so products you are selling can be managed.

like a Christmas tree in November and December the item has high demand and high supply

but in june and july there is no demand for christmas trees but supply is being created by growing them.

The correct answer is D. By regularly introducing incremental improvements in its products.

Explanation:

Apple is a worldwide company that specializes in technology this includes smartphones, computers, smart watches, among others. Besides this, Apple is one of the most powerful and popular companies in this area and this reputation has been preserved for years. One of the factors that make Apple able to sustain its competitive industry is the fact this company is constantly improving its products and launching these to the products. Indeed, every year the company launches new improved versions of smartphones, computers, etc. which is essential because this keeps the interest in consumers.

The interest rate would need to be equal to or higher than 3.33%. With the higher house price of $400,000, the interest rate would need to be equal to or higher than 2.5%.

a) To determine the interest rate required for you to invest in the interest-bearing account instead of purchasing the house, we need to compare the net income from both options.

For the house:

Net Income = Revenue - Total Costs

Net Income = $25,000 - $15,000

Net Income = $10,000 per year

For the interest-bearing account:

Net Income = Interest Earned

Net Income = $300,000 x (Interest Rate)

To decide whether to invest in the interest-bearing account, the interest earned should be equal to or greater than the net income from the house purchase. Therefore, we set up the following equation:

$300,000 x (Interest Rate) ≥ $10,000

Interest Rate ≥ $10,000 / $300,000

Interest Rate ≥ 0.0333 or 3.33%

Thus, the interest rate would need to be equal to or higher than 3.33% for you to invest in the interest-bearing account instead of purchasing the house.

b) The decision of whether to list the house on Airbnb or stay in it yourself would depend on several factors, including personal preferences, convenience, financial considerations, and opportunity costs.

1. Implicit Costs of Renting the House to Someone Else:

- Potential revenue loss if the house is rented at a lower rate or remains unoccupied.

- Costs associated with managing the rental property, including advertising, cleaning, and maintenance.

- Potential wear and tear or damage caused by renters.

- The time and effort required to manage rental inquiries, bookings, and guest communications.

2. Implicit Costs of Staying in the House Yourself:

- The foregone rental income that could have been generated by listing the house on Airbnb.

- Maintenance and utility costs associated with maintaining the property for personal use.

- The opportunity cost of not investing the money elsewhere, such as in the interest-bearing account.

The decision to list the house on Airbnb or stay in it yourself will depend on weighing these implicit costs against personal preferences, the desire to accommodate your children's wishes, and the potential enjoyment and benefits of living in the house.

c) If the house price increases to $400,000 while keeping the revenue and maintenance costs the same, the answer to question a) would change.

Net Income from the house = Revenue - Total Costs

Net Income from the house = $25,000 - $15,000

Net Income from the house = $10,000 per year

$400,000 x (Interest Rate) ≥ $10,000

Interest Rate ≥ $10,000 / $400,000

Interest Rate ≥ 0.025 or 2.5%

Thus, with the higher house price of $400,000, the interest rate would need to be equal to or higher than 2.5% for you to choose to invest in the interest-bearing account.

The higher house price does not affect the answer to question b) regarding the decision to list the house on Airbnb or stay in it yourself. The factors to consider and the implicit costs associated with each choice would remain the same.

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Answer:

The integration or growth of a company can occur horizontally or vertically, depending on whether it acquires competing companies that develop their business in parallel (horizontal integration), or it acquires companies or businesses that are in a different stage of the production process (companies that generate raw materials, transport, marketing, etc.).

Thus, if Electrolux expands its business by acquiring a competitor such as Whirlpool, it will be a case of horizontal integration. In contrast, if Electrolux acquires a company dedicated to the marketing of products, such as Best Buy, it will be a case of vertical integration.

Answer:

Line and staff organization

Explanation:

Marvelous Motor practice line and staff organization.

Line and staff organization refers to when specific and supportive roles are attached to the line of command by assigning staff supervisors and staff specialists who are attached to the line authority.

The executives(managers of each type of vehicle) holds the power of command and staff supervisors(financial and legal department) guides, advices and council the line executives.

Answer:

B. Lindsey notices that the only coffee shop in town is very popular,  so she opens her own coffee shop.

Explanation:

According to the economic principle of supply and demand, the relationship between the two is directly proportional to each other. With the increase in the demand of any product, there arises an increase in the supply of the product and vice versa.  

From the given options, option B. is representing the relationship between supply and demand. The popularity of coffee shop among the people in the town led Lindsey to open her own coffee shop. Increase in demand led to the increase in the supply of the product.

Answer:

Lindsey notices that the only coffee shop in town is very popular,

so she opens her own coffee shop.

Explanation:

The operating cash flow is £260,000.This is calculated by taking the net income and adjusting it for non-cash items such as depreciation expenses .

Operating cash flow (OCF) is a measure of the amount of cash generated by a company's normal business operations. It is calculated by taking a company's net income and adjusting it for non-cash items, such as depreciation expenses, and changes in working capital.

The formula for calculating OCF is as follows:

OCF = Net Income + Depreciation Expenses - Increase in Receivables - Decrease in Accounts Payable

Using the numbers given in the question, we can calculate the OCF as follows:

OCF = £200,000 + £55,000 - £30,000 - (-£25,000)

OCF = £260,000

Therefore, the operating cash flow for the company is £260,000.

In conclusion, the operating cash flow for the company is £260,000. This is calculated by taking the net income and adjusting it for non-cash items such as depreciation expenses, and changes in working capital, such as an increase in receivables and a decrease in accounts payable.

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The most likely reason why employers should employ older workers is that they have extensive work experience. Older workers have spent more time in the workforce, acquiring knowledge and developing their skills, which can be valuable assets to an organization.

This experience can provide employers with a competitive advantage as they can bring new perspectives and ideas to the table. Additionally, older workers are more likely to be loyal and committed to their jobs, which can lead to increased productivity and better job performance. While it may be true that some older workers struggle to adjust to new technology, many are also willing to learn and adapt to new ways of working. Therefore, it is not accurate to say that older workers are inflexible or slow learners. Overall, the experience and work ethic that older workers bring to the table make them valuable assets to any organization.

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Answer:Robots replace humans

Explanation:tjeteare will always remains some jobs woch can be done only by human hand.

The correct option is (e) Changing the color of a laundry detergent.

What are the 4 types of product modifications?

Managing Existing Products

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The Binomial Option Pricing Model is a mathematical model used to value options by breaking down the option into a series of two possible future stock prices and calculating the expected value of the option at each step. The model assumes that the stock price can either go up or down by a certain amount in each period, and the probabilities of each outcome are known.

We would need more information about the specific option being priced, such as the strike price and the current stock price. Once we have that information, we can use the Binomial Option Pricing Model to calculate the values of the calls at each period, the fair market price of the call at t=0, and the hedge ratios at each period.

The explanation for question 6 is that if one call was written initially and we want to hedge it, we would need to buy a certain amount of the underlying stock to offset any potential losses from the option. The value of the hedged portfolio at t=1 would depend on the stock price movement and the hedge ratio used.

For question 7, if the stock moves down in period 1, we would need to buy more stock to maintain the hedge ratio and offset the potential loss from the option. The amount of stock we would need to buy would depend on the new stock price and the hedge ratio.

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Answer:

-1.5

Explanation:

Given the following :

Rothschild index = 0.6

Elasticity of demand for total market = - 0.9

Annual sale = $1,450,000

Elasticity of demand for a representative retailer's product :

Using the Rothschild demand Elasticity relation:

Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product

0.6 = - 0.9 / Elasticity of demand for a representative retailer's product

Elasticity of demand for a representative retailer's product = - 0.9 / 0.6

= - 1.5

Answer: D. Two of the most experienced employees on the team reported having to shoulder a disproportionate amount of the current workload and asked for an internal transfer.

Explanation:

Social loafing means when an individual exerts less effort in order to achieve a particular goal when the individual is part of a group but when the individual works alone , he or she works harder and exerts more effort.

Based on the information given, the presence of social loafing in the team will be that "Two of the most experienced employees on the team reported having to shoulder a disproportionate amount of the current workload and asked for an internal transfer".

Here, there's dispersion of responsibility as the results in he group group can't be attributed to a particular employee. In such case, the employees may be tempted to wanting to work alone.

Answer: Sell a stock because it is going lower

Explanation:

This isnt always bad due to not trying to lose capital while a stock is tumbling.

But the best thing to do is sell a stock because you found a better one.

Answer:

Consumption expenditure on durable goods

Explanation:

Consumption expenditure includes expenditure on goods which are used for final consumption by households. This can be further classified into,

i) Expenditure on durable goods that is goods that can be used over a longer life span such as cars, furniture, refrigerator, etc

ii) Expenditure on non-durable goods that are goods that have a short-life span and thus must be stored for a longer time such as food, clothing, etc

iii) Expenditure on services  such as banking, insurance, traveling, etc

Thus, purchase of a new car is included in consumption expenditure on durable goods.  

The interest rate is approximately 2.73%. The account earned an annual interest rate of approximately 2.73%.

To calculate the annual interest rate earned on the account, we can use the formula for compound interest:

Future Value = Present Value * (1 + interest rate)^number of years

In this case, the future value is $3,954.00, the present value is $2,555.00, and the number of years is 15.00. We can rearrange the formula to solve for the interest rate:

Interest rate = ((Future Value / Present Value)^(1/number of years) - 1) * 100

Plugging in the values, we get:

Interest rate = (($3,954.00 / $2,555.00)^(1/15.00) - 1) * 100

Explanation:
To find the interest rate, we use the formula for compound interest and rearrange it to solve for the interest rate. We then substitute the given values into the formula and calculate the result. In this case, the interest rate is approximately 2.73%. This means that the account grew by an average of 2.73% per year over the 15-year period.

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