Answer:
C) strategic thinking includes all types of information sources while strategic planning does not.
Explanation:
The strategic thinking is the process in which the lower level of management involves which make the needs according to the company needs. In this, the managers focused on all types of information regarding the employee qualifications, skills, expertise etc and other matters of the company.
While on the other hand, the strategic planning is done by high level of management that involves the big decision of the company through which the company future could become better. Moreover it does not involves all types of information but involves only important matters i.e to be used for the long run
Which of the following describes the quantity a business will produce to maximize its profits? The highest point on its supply curve The lowest point on its supply curve Where marginal cost meets marginal revenue Where marginal cost exceeds marginal revenue
According to the profit maximization rule, if a company wants to maximize its profits, it must select a production level where the marginal cost (MC) and marginal revenue (MR) are equal and the marginal cost curve is rising.
The marginal costs are at their lowest at a production maximize level of 1000 units, hence it must produce at a level where MC = MR. i.e., it costs more to produce one more product than it did previously. Less money is made as a result in the end. Find less expensive raw materials than those being used now are an example of profit maximisation.
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Answer: Where marginal cost meets marginal revenue
Explanation:
Explain how the classification of risks into categories such as ‘high’, ‘medium’ or ‘low’, helps entities manage their businesses
Explanation:
Classification of the customers is done under three risk categories viz. low, medium, and high. Customer’s identity, Social/financial status, Nature of business activity, Information about the client’s business and their location, etc. are some of the parameters in the risk assessment strategy of the financial institutions.
Question 1 (14 points)
Imagine that you own your business. You are producing a product (it could be a service). You would like to differentiate your product.
a. (6 points) Why would you want to differentiate your product?
b. (8 points) How would you do it? How would your product differ? Please provide a specific product: a detailed explanation of your original product and how you would differentiate it. Please do not use the examples covered in class.
Question 2 (15 points)
Imagine that you own your business. It does not need to be the same as in other questions, you are allowed to pick a different firm or product. Imagine further that you or your consumers face an asymmetric information problem.
a. (5 points) Please explain in detail what this asymmetric information problem, and who is facing it (your firm or your consumers).
b. (10 points) Please explain how you solved this problem.
Question 3 (11 points)
Imagine that you own your business. It does not need to be the same as in other questions, you are allowed to pick a different firm or product.
a. (3 points) Think about your production process. Please explain the technology that you use in the production process.
b. (8 points) How do you think the technology that you use, affects the market structure and/or the demand of your product? Note that this question is NOT about how technology affects your production process, therefore, NOT about productivity, NOT about the cost structure.
Answer:
a. (6 points) Why would you want to differentiate your product?
Because differentiating your product is one of the two basic business strategies, the other one being reducing the price of the product. Differentiating your product allows you to gain competitiveness in a contested market.
b. (8 points) How would you do it? How would your product differ?
An product that can be differentiated is a yogurt. The market for yogurt is very competitive so differentiation is necessary. The yogurt could be flavored in less common ways: like saffron, kiwi or cucumber, and the technique could be adapted from Greek Yogurt to give a healthier style.
a. (5 points) Please explain in detail what this asymmetric information problem, and who is facing it (your firm or your consumers).
The problem of asymmetric information occurs when one party of the transaction has more information than the other party. In a typical business transaction, the managers of the firm have more information than consumers, so consumers would be facing the problem of asymmetric information.
b. (8 points) How do you think the technology that you use, affects the market structure and/or the demand of your product?
Technology can make the market structure more competitive or less, but it usually makes it more competitive. Technology also improves the productiviy and efficiency of the production process, which leads to costs reductions than pass through price. This in turn raises demands for the product.
Robin owns a horse stable and gives riding lessons for children at Pony Camp. His business operates in a competitive industry. Robin gives riding lessons to 20 children per month. His monthly total revenue is $6,000. The marginal cost of the 20th child is $250. In order to maximize profits, Robin should give riding lessons to more than 20 children per month. give riding lessons to fewer than 20 children per month. continue to give riding lessons to 20 children per month. We do not have enough information to answer the question.
Option A. The conclusion that we can make is that Robin should give riding lessons to more than 20 children per month.
How to solve for the solution6000/20
= 300
300 is greater than 250
Hence we can see that the marginal cost is less than the marginal revenue that Robin gets from the venture.
What is Marginal revenue?This is the term that is used to refer to the additional revenue that he business would obtain based on the fact that they produced an additional unit of a particular service.
In this question we can see that when Q = 20, MC is 250
What this tells us is that at a current output level, marginal revenue is greater than marginal cost, hence the firm would not be maximizing its profit.
When profit is maximized, then we would be having marginal revenue to be equal to marginal cost. MR = MC. Therefore The conclusion that we can make is that Robin should give riding lessons to more than 20 children per month.
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explain the component of general environment ?
A faculty member is retiring, and a committee has been established to select a replacement. HR conducts candidate recruitment, and the selection committee proceeds through the interview process. However, the dean has already made the decision to select David, one of his friends who is in the interview pool, for the open position. Since David is not fully qualified for the position, the dean rewrites the job description to fit David’s qualifications. Discuss the ethics of this situation using the distributive justice framework of moral principles.
Answer:
The dean has violated the brights of other members to be picked for the violation through this act of favoritism.
Explanation:
This dean has gone ahead to rewrite David's description. By so doing he has altered the job description to favor david. This shows a bias to David in the side of this dean thereby causing him to violate the act that says that there should be no discrimination or bias of my form.
Rewriting the job description to favor david is against the ethics of the distributive justice framework which says that the distribution of goods in a society must be done In an equitable manner for all. 2 principles of this are applicable here. The rights based justice and also the legal justice. Rights based justice demands that the rights of people bare respected which the dean has clearly also violated.
Suppose that in year 1, real GDP per capita was $30,000 billion and in year 2, real GDP per capita rose to $34,500 billion. The growth rate of real GDP per capita was
The growth rate of real GDP per capita is 15%.
What is real GDP per capita?Real GDP is the value of all final goods and services produced by a country in a given year adjusted for inflation. Real GDP per capita is the Real GDP divided by population. It is used to measure the standard of living of the population.
What is the growth rate of real GDP per capita?[($34500 - $30,000) / $30,000] x 100 = 15%
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You have decided to throw a party next weekend for 19 friends. The friends are going to bring health food, so all you have to have available are the drinks. You estimate that, on average, each person will drink four bottles of soft drinks. Three of your friends will drink only natural soda without unneeded color - so Sulo Ginger Ale should work well for them. For the others and yourself, you decide to buy Sulo Cola. Before going online, you check the refrigerator - you already have six bottles of Sulo Ginger Ale and 14 of Sulo Cola. Since this is the end of the semester - you decide that you don't really want any of the soft drinks on hand after the party. Now, you are ordering on the Internet.
A. How many bottles of Sulo Ginger Ale do you plan to buy?
B. How many bottles of Sulo Cola do you plan to buy?
Answer:
A. The number of bottles of Sulo Ginger Ale to buy is 6.
B. The number of bottles of Sulo Cola to buy is 54.
Explanation:
a) Data and Calculations:
The number of friends attending the party = 19
When you are included, there are 20 persons attending.
Estimated number of bottles of soft drinks for each person = 4
Therefore, the total number of bottles of soft drinks required for the party = 80 (20 * 4).
Number of persons drinking Sulo Ginger = 3
Bottles of Sulo Ginger required = 3 * 4 = 12
Number of persons drinking Sulo Cola = 17
Bottles of Sulo Cola required = 68
The classification of the drinks is as follows:
Sulo Ginger Sulo Cola
Bottles required 12 68
Bottles available 6 14
Bottles to buy 6 54
Bataille
Question 10
If the market equilibrium is at price = $11/hour, and the government imposes a minimum wage of $14, we
will have a
The market equilibrium is at price $11/hour. The government imposes a minimum wage of $14. The new equilibrium will be Binding and we will have a surplus. The correct option is b.
What is market equilibrium?Market equilibrium is a market state where the supply in the market is equal to the demand in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.
If a market is at equilibrium, the price will not change unless an external factor changes the supply or demand, which results in a disruption of the equilibrium.
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Your question is incomplete, but the full question probably is:
The market equilibrium is at price $11/hour. The government imposes a minimum wage of $14. The new equilibrium will be
A. Not binding and we will have neither a surplus nor a shortage.
B.Binding and we will have a surplus.
C.Not binding and we will have a shortage
D.Binding and we will have a shortage.
Which of the following are deducted from gross taxable income before income taxes are applied to an employee's remuneration?
Employee contributions to an approved pension plan, Registrable retirement savings plan contributions and union dues (not applicable in Quebec).
For taxable income, what is subtracted from gross income?Any gross income produced that is factored into the calculation of your tax liability is referred to as taxable income. It is essentially your adjusted gross income minus any deductions. Included are any pay from the employer, including wages, tips, salaries, and bonuses. Included are investments and unearned income.In accordance with Section 80A (1), the deductions listed in Sections 80C to 80U must be permitted from the assessee's gross total income when determining their total income. In any circumstance, the assessed person's gross total income cannot be exceeded by the total deduction amount allowed under this section.Employee contributions to an approved pension plan, Registrable retirement savings plan contributions and union dues (not applicable in Quebec),deductions for residing in a designated zone that are listed on the employee's federal personal tax credit return and are approved by the CRA.To learn more about Taxable income refer to:
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Production is an example of a marketing activity.
Question 1 options:
True
False
What is the importance of having a right organizational design in a company?
Answer:
Increased efficiency. Faster and more effective decision making. Improved quality of goods and services.
the point where total expenses equals to total income?
Answer:
yfku
Explanation:
What basic economic question is addressed in the press release?
Answer:
for whom to produce
Explanation:
for whom to produce
Choe Company has HK $1,500,000 of bonds outstanding. The unamortized premium is HK $19,600. If the company redeemed the
bonds at 101, what would be the gain or loss on the redemption?
HK $4,600 loss
HK $15,000 gain
HK $15,000 loss
HK $4,600 gain
The gain or loss on the redemption is: D. HK $4,600 gain.
How to find the Gain or loss on redemptionUsing this formula to find the gain or loss on redemption
Gain or loss on redemption = [(Face value + Unamortized Premium ) – (Face value x Selling price)
Let plug in the formula
Gain or loss on redemption = (HK $1,500,000 + HK $19,600) - (HK $1,500,000 ×1.01)
Gain or loss on redemption = HK $1,519,600 - HK $1,515,000
Gain or loss on redemption = HK $4,600 gain
Therefore the correct option is D.
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Who wrote Public administration
Answer: woodrow wilson
Explanation:
which statement about 401(k) plans is true?
The fact that 401(k) plans are employer-sponsored is the accurate statement. These are the retired accounts that, in most cases, are sponsored by businesses.
Which of the following statements is true about a 401(k) plan?It is a retirement savings plan where the employee makes contributions to a retirement account and the employer, in some cases, matches some or all of those contributions. Benefits from a 401(k). Employee incentives including tax rebates and employer contributions are abundant with 401(k) plans.
What are 401 K plans used for primarily?Employees can contribute a portion of their salaries to individual accounts through a qualified profit-sharing plan provision called a 401(k). The employee's taxable income does not include elective pay deferrals.
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Question:-
Which statement about 401(k) plans is true?
A. 401(k) plans are sponsored by employers.
B. Employees can contribute an unlimited amount of income to
401(k) plans.
C. Employees are not allowed to make contributions to 401(k) plans.
D. 401(k) plans provide only one option for investment
Can the Consumer Financial Protection Bureau or Better Business Bureau accredit companies? Does that agency require a
fee for accreditation? (1 point)
O Only the BBB accredits companies, and it requires a fee for accreditation.
O Only the CFPB accredits companies, and it requires a fee for accreditation.
O Only the BBB accredits companies and does not require a fee for accreditation.
O
Both the CFPB and the BBB accredit companies, but the CFPB offers free accreditation while the BBB
requires a fee.
The proper response is an option (A), which states that only the BBB accredits businesses and that accreditation is subject to payment.
Can the Better Business Bureau or Consumer Financial Protection Bureau accredit businesses? Does that organization charge a fee to become accredited?Businesses must pay a fee to the BBB to be "accredited," which is one of the ways it makes money. If a company is accredited, it may appear more reliable to clients because it can display the BBB's accreditation badge. A company must apply and pay a fee to be accredited.
What does the Better Business Bureau accreditation mean?If a company has earned BBB accreditation, it implies that BBB has decided that the company complies with accreditation requirements, which include a promise to resolve customer complaints in a good faith manner.
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How can camera footage help?
Answer:
camera footage are there not to invade a person's privacy but to protect the public by deterring criminal activity and by providing material evidence when a crime has been caught on film.
Explanation:
10. When developing a business plan for a new venture, an entrepreneur should include a comprehensive description of the customers the new business wants to attract in the A. Market-segment analysis. B. SWOT analysis. C. Promotional plan. D. Corporate philosophy summary.
If firms in a competitive market are earning negative economic profits, we would expect firms to [A] the market, causing the market price to [B]
[A]- leave, enter, no change, uncertain
[B]- rise, fall, no change, uncertain
In a market that is competitive and where businesses are making money, new businesses will be motivated to enter the market.
What is a Competitive market?Yes, even if a company is at a loss economically, it should nevertheless keep producing. Till P > = Minimum AVC, a company should keep operating and not stop producing. In this scenario, the company will generate enough income to pay its variable costs and continue operating.
In a completely competitive market, companies can only make or lose money in the short term. Because an unlimited number of enterprises generate uniform, endlessly divisible things, losses and profits are finally eliminated. If an industry's businesses are losing money, they will leave.
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Do you have, or have you ever had test-taking anxiety? What strategies will you use to manage test anxiety?
Explanation:
My test anxiety generally comes from a desire to do well. It usually accompanies the situation where I am not as prepared for the test as I would like to be, or where I have no idea what subject matter the test may cover.
__
My anxiety management strategy is to prepare for a test as well as I can in the time allotted, and detach from the outcome. In the case of specific subject matter tests (as opposed to "achievement" tests), a well-made test will be educational, so later questions help answer earlier ones. Paying attention to that possibility also manages test anxiety by letting me go back and correctly answer questions I might have missed.
__
One of the most effective techniques for managing test anxiety (beyond a decent level of preparation), is the use of Emotional Freedom Techniques (EFT), also known as "tapping." A few rounds of tapping on specific points on bodily energy meridians can greatly relieve stress and improve test performance. The process takes only minutes to learn and execute, and can be very effective. (Look up articles or videos on EFT Tapping.)
According to Hobson et al. (2006) the most common path to bullying is through
Group of answer choices
job insecurity and organizational chaos
hierarchy and secrets
organizational culture and ethics
Answer:
According to Hobson et al. (2006), the most common path to bullying is through hierarchy and secrets
Conduct a needs assessment to determine how a network could benefit your family. Use three to five sentences to describe the results of your assessment. If you have more than one computer in your home, conduct the needs assessment based on the number of computers in your home. If you don't have one or more computers in your home, conduct the needs assessment as though every family member in your home over the age of five had their own computer.
The improvement of communication and information accessibility, the practical sharing of resources, data sharing, increased cost efficiency, and affordability are all advantages of family networks.
What use do needs analyses of computer networks serve?The organization's current IT infrastructure, operational processes, security, compliance, management, and performance are confirmed by a network review. This aids in evaluating the state and overall health of your IT infrastructure and reveals any areas that need to be improved.
What is the biggest benefit of a network?Your network can be a fantastic source for novel perspectives and ground-breaking concepts that will help you in your career. Learning from the problems, experiences, and goals of others is one of networking's key benefits.
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What type of life insurance has cash value
1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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NASA is conducting an experiment to find out the fraction of people who black out at G forces greater than 6. Step 2 of 2 : Suppose a sample of 502 people is drawn. Of these people, 140 passed out. Using the data, construct the 85% confidence interval for the population proportion of people who black out at G forces greater than 6. Round your answers to three decimal places.
The confidence interval is given as 0.250 and 0.308
How to solve for the confidence interval?
n = 502
x = 140
x/ n = proportion
= 140/502
= 0.2789
To find the proportion using 85%
1-0.85 = 0.15
0.15/2 = 0.075
Find the z value to be 1.44
\(p +- z*\sqrt{p'(1-p')/n\\}\\ = 0.279 +-1.44\sqrt{0.279(1-0.279)/502}\)
= 0.279 +- 0.029
= 0.250, 0.308
Hence the confidence interval is 0.250, 0.308.
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i. QUESTION THRee Consider the below information which reflects the changes in prices and quantities of each individual good in hypothetical economy. PRICES ii. ITEM Cotton Clothes Soft drinks QUANTITIES ITEM Cotton Clothes Required Soft drinks 2021 Tsh. 10 Tsh. 20 Tsh. 30 2021 200 400 600 2022 Tsh. 20 Tsh. 24 Tsh. 50 2022 250 450 650 2023 Tsh.14 Tsh.26 Tsh.48 2023 300 500 700 Compute the Consumer Price INDEX for year 2021, 2022 and 2023 using a base year. Determine the percentage increase of inflation from 2022 to 2023.
Answer:
To compute the Consumer Price Index (CPI) for the given years, we will use 2021 as the base year. The CPI measures the average price changes of a basket of goods and services over time.
Step 1: Calculate the total expenditure for each year using the base year prices:
2021: (Tsh.10 * 200) + (Tsh.20 * 400) + (Tsh.30 * 600) = Tsh.20,000 + Tsh.80,000 + Tsh.180,000 = Tsh.280,000
2022: (Tsh.10 * 250) + (Tsh.20 * 450) + (Tsh.30 * 650) = Tsh.25,000 + Tsh.90,000 + Tsh.195,000 = Tsh.310,000
2023: (Tsh.10 * 300) + (Tsh.20 * 500) + (Tsh.30 * 700) = Tsh.30,000 + Tsh.100,000 + Tsh.210,000 = Tsh.340,000
Step 2: Calculate the CPI for each year using the formula:
CPI = (Total expenditure in the given year / Total expenditure in the base year) * 100
CPI for 2021 = (Tsh.280,000 / Tsh.280,000) * 100 = 100
CPI for 2022 = (Tsh.310,000 / Tsh.280,000) * 100 = 110.71
CPI for 2023 = (Tsh.340,000 / Tsh.280,000) * 100 = 121.43
Step 3: Calculate the percentage increase of inflation from 2022 to 2023:
Percentage increase = ((CPI in 2023 - CPI in 2022) / CPI in 2022) * 100
Percentage increase = ((121.43 - 110.71) / 110.71) * 100 ≈ 9.68%
Therefore, the Consumer Price Index for 2021, 2022, and 2023 using 2021 as the base year is 100, 110.71, and 121.43, respectively. The percentage increase of inflation from 2022 to 2023 is approximately 9.68%.
When a monopolist increases the amount of output that it produces and sells, average revenue.
Monopolists can increase the amount of output and sell easily because they are in no competition, the revenue is also great as their is no competition the price charged is not challenged by any other organization.
What is Monopoly?Monopoly is when there is no competition in the market and the seller is the sole seller of the product or service and therefore all the customers in the market purchase products or services from the said organization.
The organization can charge any price for the products or services as there is no competition the prices are not challenged by the other organizations as the sole seller of the commodity is the organization and this sole seller in the entire market is called a monopoly business.
It is difficult to be in a competitive environment but it is comparatively easier being a monopolist.
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what do you think are the adverse effects when sustainable economic development practices in country are not implemented?
Answer:
Ignoring the issues of sustainable development has many possible consequences, such as rising sea levels, extreme droughts, erosion and loss of forests, increases in slum populations, species extinctions and collapsing fisheries.
The correct statement is that when the sustainable economic developments in the country are not met, a direct impact is seen in its growth and financial position of the country is weakened.
When there is no sustainable development the people of the country would ultimately suffer due to the bad policies being implemented regarding the allocation of funds.
A country should look after the developments of a country by allocation of required funds in the right fields and achieve such financial goals. Citizens must disclose their earnings and pay taxes on the true and fair amounts of such incomes. This will help in collection of taxes making the country less deficit in funds.A direct effect will be seen in country's GDP whenever there is no development. As a result of this there will be inflation in the country which will reduce the consumer's purchasing power.Hence, a country's GDP is affected when there is no proper sustainable economic development practice and also leads to inflation situations.
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