Inventory management - Newsvendor (1)
Goop Inc. needs to order a raw material to make a special polymer. (Assume that one gallon of raw material yields one gallon of polymer.) If demand is more than Goop can make, then Goop sells only what they made and the rest of demand is lost.
Suppose the demand for the polymer (for the upcoming selling season) is forecasted to be normally distributed with a mean of 275 gallons and a standard deviation of 100 gallons. If Goop purchases 175 gallons of raw material, what is the probability that they will run out of raw material?
(Use the z-table from the lecture notes, and choose the closest answer.)
Multiple Choice
50.00%
84.13%
11.00%
15.87%

Pork and beans can be produced in Charlotte. Pork has an opportunity cost of 10 pounds of beans divided by 5 equals 2 pounds of beans. 5 pounds of pork, 10 pounds of pork, or 1/2 pound of pork, is the opportunity cost of beans.

The demand for pork drives the demand for market hogs. Retailers create a wholesale demand plan for pork by subtracting an amount from the anticipated pork demand schedule that will cover their expenditures and generate a profit.

2020 saw the COVID-19 have an impact on the pork market. Neither state farms nor small-scale farmers can increase their output. Pork production did not increase and but decreased for the year by 1.42 million tonnes when compared to 2019. The demand for meat eventually exceeds the supply of pork.

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Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:

The following are differences between notes payable and accounts payable:

In conclusion, notes payables and accounts payables have several differences.

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Answer:

Explanation:

GLOBAL CITIZENSHIP RESPONSIBILITIES. A global citizen, living in an emerging world community, has moral, ethical, political, and economic responsibilities. These responsibilities include: #1 Responsibility to understand one's own perspective and the perspectives of others on global issues.

Big data analysis is changing from mostly focusing on aggregates or averages to also focusing on outliers since outliers frequently disclose (predict) important inventions, trends, disruptions, and revolutions in the future.

Big Data analytics is a method used to glean insightful information from massive amounts of data, including unobserved correlations, hidden patterns, market trends, and consumer preferences. Big Data analytics has a number of benefits; among them, it may be used to improve decision-making and stop fraud.

In other words, understanding "who is not your customer and why" may be equally as important as figuring out who your client is. Using multidimensional scaling and perceptual mapping to study outlier patterns is getting more and more popular. Because "almost everything" becomes significant with very large sample sizes, the traditional statistical method of utilizing p values to assess the importance of a finding is also losing credibility. In contrast, analysis now places a greater emphasis on the size and variation explained, i.e., by looking at metrics like R-squared. Stepwise regression and cluster analysis are increasingly used in addition to conventional p-value analyses.

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Analyzing the information on the issue, it is clear that Go Grub is in the unfreezing stage of Lewin's change model, which corresponds to the first stage of change where persuasive preparation about the needs of change takes place.

To manage the changes that generate adherence to the use of GPS systems at Go Grub, it is necessary for managers to look for methods to demonstrate the advantages of the changes, such as:

It is also important to train the employee to reduce insecurity and be honest about how the changes will make the job better, and then proceed with the changing and refreezing, according to Lewin's model.

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Operations strategy will specify the design and use of organizations' resources into c.structure and infrastructure

Operations strategy converts plans for commodities and competitive priorities for each market segment into decisions that affect the supporting systems. It is concerned with the creation of value for consumers by designing, organizing, and managing the systems that convert inputs into outputs. The planning and use of firm's resources, like material, financial, and human resources, in its infrastructure and organizational structure, is a crucial component of operations strategy.

Structure describes the physical and functional configurations of a firm's assets, including its buildings, machinery and technology. The firm's objectives, like boosting productivity, cutting expenses, or raising quality, are supported by the operations plan, which details how these resources will be set up. The organization's operations plan outlines how its infrastructure will be developed and utilised to meet its strategic goals.

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To accurately determine the projected finish date and Estimate to Complete (ETC) for a project, we need more information.

This includes the planned duration of the project and the current date. Without these details, it is not possible to provide an accurate estimate. The CPI (Cost Performance Index) of 0.87 suggests that the project is currently underperforming in terms of cost, as the actual costs are higher than planned.

The SPI (Schedule Performance Index) of 0.93 indicates that the project is also slightly behind schedule. To assess the project's progress and forecast its completion date and remaining costs, a detailed analysis of the project's schedule, budget, and actual progress would be necessary.

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The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.

The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.

Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.

Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.

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Answer: a b c

Explanation:

just took the unit

The observation that decision makers cannot be truly rational in decisions as managers do not have enough time to process all the relevant information and who regularly face very complex problems illustrates bounded rationality.

Bounded rationality refers to the concept that rationality is limited when individuals make decisions with time constraints, unavailability of complete relevant information, and complexity of problems encountered. Hence, under these limitations, rational individuals (managers) will make a decision that is satisfactory rather than optimal. It is a human decision-making process in which managers attempt to satisfice and not optimize seeking a decision that is good enough instead of the best possible decision.

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The short-run scenario of a profit-maximizing competitive price-searcher business differs significantly from the long-run situation of the same firm in that price may surpass marginal revenue in the short run, but the price will equal marginal revenue in the long run.

Profit maximization is the process through which a company determines the pricing, input, and production levels that will result in the maximum feasible overall profit in the short or long run (or just profit in the short). In neoclassical economics, which is now the dominant approach to microeconomics, the company is supposed to be a "rational agent" (whether functioning in a perfectly competitive market or not) seeking to maximize total profit, which is the difference between total revenue and total cost.

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Answer:

Explanation:

have financial need only

Federally-funded grants typically require students to have financial need only, as they are designed to provide financial assistance to students who may not have the means to pay for their education. Therefore, option D is correct.

Federally-funded grants are financial assistance programs provided by the government to support students in pursuing their education. These grants are typically awarded based on financial need, considering factors such as income, family size, and assets.

They aim to ensure that students from low-income backgrounds have access to higher education opportunities. Unlike loans, grants do not need to be repaid, making them an attractive form of aid.

Federal grants include programs like the Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG), among others.

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Answer:

One of the fundamental ideas in communication and information processing is the source or sender. Sources are objects that encode message data and transmit it to one or more observers over a channel (or receivers).

25% is the expected return on this investment project. The expected return, for instance, would be 5% if an investment had a 50% probability of making a 20% profit and a 50% chance of losing 10%.

Although not guaranteed for the future because it is typically based on historical data, the expected return frequently establishes realistic expectations. The minimum return needed to consider an investment choice is represented by the necessary rate of return.

The expected return, on the other hand, is the amount of money the investor anticipates making from the investment.

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Answer:

It would be B because these politicians would improve the roads and the means of transportation

Answer: Policy & Procedure Guide

Explanation:

It should be noted that the MTM services can be performed by licensed pharmacist who have completed an outcomesMTM training or the students who are sounder a licensed pharmacist supervision.

Policy & Procedure Guide outlines documentation requirements for MTM services, participation guidelines and other critical program information for OutcomesMTM.

The focus group that applied by General Mills is the example of exploratory research. It is because in the focus group, they used questions to determine why consumers were not purchasing the products.

In the term of business research, Exploratory research generally can be defined as an investigates research questions that have not been studied in depth. In practical, Explanatory research usually use some questions tend to start with “why” or “how”, and the goal is to explain why or how a previously studied phenomenon takes place. There are several types of exploratory research, such as case studies, field observations, focus groups, and interviews.

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a) The equilibrium price is $100 per week, the equilibrium quantity is 100 apartments, and the consumer surplus at the equilibrium is $15,000.

b) If the government introduces a price ceiling of $80, the consumer surplus will be $1,400.

c) The winners of the price ceiling would be consumers who can rent apartments at a lower price, experiencing a gain in consumer surplus, while the losers would be landlords and apartment owners who may face reduced profitability and a potential shortage of apartments in the market.

a) To find the equilibrium price and quantity, we need to set the quantity demanded (Qd) equal to the quantity supplied (Qs) and solve for the equilibrium price (P).

Qs = Qd

-200 + 3P = 300 - 2P

5P = 500

P = 100

Substituting the equilibrium price (P = 100) into either the supply or demand function, we can find the equilibrium quantity:

Qs = -200 + 3P

Qs = -200 + 3(100)

Qs = -200 + 300

Qs = 100

Therefore, the equilibrium price is $100 per week, and the equilibrium quantity is 100 apartments.

To calculate the consumer surplus, we need to find the area between the demand curve and the equilibrium price. The formula for consumer surplus is:

Consumer Surplus = (1/2) * (Qd) * (Pmax - P)

where Qd is the quantity demanded and Pmax is the maximum price consumers are willing to pay.

Consumer Surplus = (1/2) * (300) * (100 - 0)

Consumer Surplus = $15,000

b) If the government introduces a price ceiling of $80, it means that the maximum allowable price for rental apartments is $80. To determine the new consumer surplus, we need to find the quantity demanded at this price.

Qd = 300 - 2P

Qd = 300 - 2(80)

Qd = 300 - 160

Qd = 140

The new consumer surplus can be calculated as:

Consumer Surplus = (1/2) * (Qd) * (Pmax - P)

Consumer Surplus = (1/2) * (140) * (100 - 80)

Consumer Surplus = $1,400

Therefore, if a price ceiling of $80 is introduced, the new consumer surplus would be $1,400.

c) With a price ceiling of $80, the winners would be the consumers who are able to rent apartments at a lower price than the equilibrium price. They will experience a gain in consumer surplus. The losers would be the landlords and apartment owners who are not able to charge the equilibrium price of $100 per week. They may face reduced profitability and may be less incentivized to supply rental apartments in the market. Additionally, there may be a potential shortage of apartments due to the price ceiling, as the quantity supplied at $80 would be lower than the quantity demanded at that price.

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Answer:

Level 4

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION;

Level 5

Level 4

Level 3

Level 2

From the question, we are informed about Gerald who has been an employee with GeoFuture Inc. for 15 years. He started with an entry-level job, and today he is a manager of an entire division. Over the years, Gerald has acquired a reputation for doing the right things in the company. Hence, as an efficient leader, he is capable of effectively communicating and motivating his subordinates to work toward the company's vision and mission. According to the Level-5 leadership pyramid. In whichever his case , the highest level of leadership Gerald has reached so far is Level 4

M anagement pyramid can be regarded as skills set which is deviced in describing the features of managers and employee to further their careers.

The employment pyramid model is one that gives illustration of descending hierarchy of pyramid having the CEO at the top of the level, followed by presidents at the second level followed by vice presidents, then on fourth level there is middle management followed by team leaders and supervisors that dominate the fifth level then the entry-level employees.

Developing  a RAM is a valuable project management tool that can help to ensure that everyone involved in the project understands their roles and responsibilities, leading to better communication, increased accountability, and improved project outcomes.

A Responsibility Assignment Matrix (RAM), also known as a RACI chart, is a project management tool that helps to define and clarify roles and responsibilities for project tasks and deliverables. The benefits of developing a RAM for a project include:

1. Improved clarity and communication: The RAM helps to clearly define roles and responsibilities for each team member involved in the project. This leads to better communication, as everyone knows what is expected of them and what they are responsible for.

2. Increased accountability: By assigning specific roles and responsibilities, team members are more likely to take ownership of their tasks and deliverables. This helps to increase accountability and ensure that deadlines are met.

3. Better allocation of resources: The RAM helps to ensure that resources are allocated efficiently, as team members are assigned tasks based on their specific skills and expertise.

4. Reduced confusion and conflict: The RAM helps to avoid confusion and conflict by clearly defining who is responsible for what tasks and deliverables.

5. Improved project outcomes: By clarifying roles and responsibilities, improving communication, increasing accountability, and avoiding confusion and conflict, the RAM helps to improve project outcomes and increase the chances of project success.

Overall, developing a RAM is a valuable project management tool that can help to ensure that everyone involved in the project understands their roles and responsibilities, leading to better communication, increased accountability, and improved project outcomes.

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Answer:

below

Explanation:

the cleaning process and the money that is going to be lost.if a cruse ship gets cancelled the money rate will go down

GDP for 2020 was (in millions) $1,500,wages and salaries were $800,rent payments were $200,consumption was $1000, and interest payments were $200.

Find the value of profits:We know that:GDP = C + I + G + (X - M)Here, the value of GDP is $1,500Consumption (C) = $1,000Interest payments (I) = $200Therefore, investment (I) = GDP - C - I= $1,500 - $1,000 - $200= $300Further, we know thatNational Income = wages and salaries + rent payments + interest payments + profitsHere.

wages and salaries = $800Rent payments = $200Interest payments = $200National Income = $800 + $200 + $200 + Profits= $1,200 + ProfitsTherefore, Profits = National Income - ($1,200)= $1,500 - $1,200= $300Therefore, the value of profits must have been $300 million.Hence, the required value of profits was $300 million.

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The standard time for the job, rounded to the nearest tenth of an hour, is: 5.3 hours. The correct option is C.

To find the standard time for a job when given the allowance factor and the normal time, follow these steps:

Step 1: Identify the given values.

In this case, the allowance factor is 0.05, and the normal time is 5 hours.

Step 2: Calculate the allowance time.

To do this, multiply the normal time by the allowance factor:

Allowance time = Normal time x Allowance factor

Allowance time = 5 hours x 0.05

Allowance time = 0.25 hours

Step 3: Calculate the standard time.

Add the allowance time to the normal time to find the standard time:

Standard time = Normal time + Allowance time

Standard time = 5 hours + 0.25 hours

Step 4: Round the standard time to the nearest tenth of an hour.

Standard time = 5.25 hours, which rounded to the nearest tenth is 5.3 hours.

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Complete question:

Suppose that the allowance factor for a job is 0.05, and the normal time is 5 hours. What is the standard time, rounded to the nearest tenth of an hour?

A. 5.6 hours

B. 5.5 hours

C. 5.3 hours

D. 4.8 hours

E. 4.5 hours

The "differentiation strategy" porter's four competitive strategies involves offering products or services that are of unique and superior value compared to those of competitors and targets only a narrow market

The competitive strategy that involves offering products or services of unique and superior value compared to competitors, targeting a narrow market is known as the differentiation strategy.

In this approach, a company seeks to create a distinctive and desirable product or service that sets it apart from competitors attracting a specific customer segment.

The differentiation strategy relies on creating a perceived value that cannot be easily replicated by competitors and establishing a competitive advantage in the market niche the company targets.

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Answer:

HR planning activity can be assessed by whether the organization has the people it needs.

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Generally, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

Human resource planning is a subfield of human resource management.

Hence, the true statement about human resource planning is that, human resources (HR) planning activity can be assessed by whether the organization has the people it needs.

The entry will be, Debit Cash and Discount on the issue of Bonds by $145,500 and  $38,325 respectively, and Credit Bonds Payable and  Paid in Capital Warrants by $162,000 and  $ 21,825 respectively.

Debit Cash and Discount on the issue of Bonds by $145,500 and $40,650 respectively, and credit  Bonds Payable and  Paid in Capital Warrants by  $162,000 and  $24,150 respectively.

The fair value of Bonds without warrant = $136,850

Fair value of Warrants                       = $ 24,150

                                                 Total = $ 161,000

Allocation to bonds = $ 136,850 / $ 161,000 * $145,500 = $ 123,675

Allocation to warrants = $ 24,150 / $ 161,000 * $ 145,500 = $ 21,825

Account Titles                            Debit                  Credit

Warrants were detachable:    

Cash                                Dr.      $145,500

Discount on issue of Bonds Dr.      $38,325  

(162,000-145,500

= $16,500 + $21,825)  

              To Bonds Payable                                   $162,000

              To  Paid in Capital Warrants                    $ 21,825

Warrants were nondetachable:    

Cash                                   Dr.      $145,500  

Discount on issue of Bonds   Dr.       $40,650  

( $16,500 + $ 24,150)

             To  Bonds Payable                                    $162,000

             To  Paid in Capital Warrants                    $24,150

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There was a U.S corporation called El Pupo that specialized in trafficking bananas. Bananas fist officially reached America in the early 1500’s. By the end of the 1800’s, bananas were a big hit in the U.S.

Spanish explorers brought bananas to the Americas in the 1500s. The first banana shoot is thought to have been planted in the Caribbean islands in 1516. Bananas did not arrive in the United States until the 1800s, when sailors brought banana shoots back from the Caribbean.

Because fruit companies in the United States wanted to grow their own bananas, they bribed government officials to gain access to various lands. Rainforests were cleared, plantations were constructed, and the business grew from there.

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The reason that is not a good reason to form a family partnership is: no gift tax is due on the transfer.

Forming a family partnership can be an effective way to manage and transfer family assets, but it's important to understand the reasons and implications behind such a decision. While the other three options provided (non-voting interests, maintaining operational control, and income shifting) can be valid reasons for forming a family partnership, the statement "no gift tax is due on the transfer" is not a sufficient reason on its own. The formation of a family partnership should not solely be motivated by avoiding gift taxes. While transferring assets through a family partnership may have gift tax benefits, the primary focus should be on the operational and strategic aspects of the partnership, such as maintaining control, succession planning, and tax efficiency.

Family partnerships are typically formed to facilitate effective management and control of family-owned assets, provide a framework for generational transfers, and ensure continuity in the family business or wealth management. Non-voting interests can be given to younger family members to gradually involve them in the partnership's operations while maintaining control with the older generation. A buy-sell agreement can help establish a mechanism for the smooth transition of ownership within the family. Income shifting to lower-tax-rate individuals can be achieved through proper tax planning and structuring.

In summary, forming a family partnership should be based on the strategic and operational needs of the family, rather than solely focusing on avoiding gift taxes. Gift tax implications should be considered as part of a comprehensive approach to family wealth and business management.

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Answer: environmental friendly refrigerators prestigious , engineering agency

Explanation: Separated by Commas .