$76,000.00, the present value of a entrepreneur perpetuity that pays $3,000 per year.
What is entrepreneur ?An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
Entrepreneurs are essential to the health of any economy because they have the knowledge and drive to foresee requirements and sell viable new ideas. Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with money, notoriety, and chances for future growth. Failure in entrepreneurship leads in losses and diminished market presence for individuals engaged.
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How is monopolistic competition similar to perfect competition and how is it similar to monopoly?
Monopolistic competition is similar to perfect competition in that there are many sellers and buyers, producers have limited price control, and there is market freedom to enter and exit. It is similar to monopoly in the sense that the products sold are differentiated but still similar.
What is monopolistic competition?When many companies offer competing products or services that are similar but not perfect substitutes, monopolistic competition exists. In a monopolistic competitive industry, the barriers to entry are low, and the decisions of any one firm have no direct impact on its competitors. Pricing and marketing decisions help competing companies differentiate themselves.
The same profit maximization rule is followed by monopolistic competition, monopoly, and perfect competition. Firms in the aforementioned market structures maximize profits by setting their marginal revenue equal to their marginal cost.
Therefore, monopolistic competition is similar to perfect competition in terms of buyers and sellers and barriers to entry. It is similar to monopoly in terms of product sold.
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Relevant curriculum built around each student according to interests, personal goals, and limitations in reaching these goals is called?
The approach you are referring to is often known as "personalized learning." Personalized learning is an educational approach that tailors the curriculum, instructional methods, and learning experiences to meet the unique needs, interests, and goals of individual students.
It recognizes that students have different learning styles, preferences, and abilities, and seeks to provide them with a customized educational experience.
In personalized learning, students are actively involved in their own learning process. They have the opportunity to explore topics that interest them, set personal goals, and take ownership of their learning journey. The curriculum is designed to align with their interests and goals while considering any limitations or challenges they may face.
By incorporating various strategies such as flexible pacing, differentiated instruction, project-based learning, and leveraging technology, personalized learning aims to create a more engaging and relevant educational experience. It recognizes that each student is unique and strives to provide them with the necessary support and resources to reach their full potential.
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Elora Inc. owns equipment that it purchased on January 1, 2019, for $100,000. The machine has a ten-year useful life and no residual value. The straight-line depreciation is being used. The company uses the revaluation model to account for its property, plant, and equipment every two years. On the revaluation date, at December 31,2020 , the machine has a fair value of
$
88,000. Required: Using the revaluation model, prepare the entr(ies) to adjust the asset's carrying amount to fair value. You can use either the asset adjustment method or the proportionate method.
Elora Inc. needs to adjust the carrying amount of its equipment to its fair value using the revaluation model. Given that the fair value of the machine on December 31, 2020, is $88,000, we will prepare the necessary entries to reflect this adjustment.
The revaluation model allows for the adjustment of an asset's carrying amount to its fair value, thereby providing more relevant information to the users of financial statements. In this case, the machine's carrying amount on December 31, 2020, is $100,000 (cost) minus the accumulated depreciation for two years, which would be $20,000 (straight-line depreciation of $10,000 per year for two years).
To adjust the carrying amount of the machine to its fair value, we need to increase or decrease the asset's value and update the accumulated depreciation accordingly. As the fair value of the machine is less than its carrying amount, we will decrease the carrying amount by the difference between the fair value and the original cost. The journal entry to adjust the carrying amount would be as follows:
Debit: Accumulated Depreciation - Equipment $20,000
Credit: Revaluation Surplus $12,000
Credit: Equipment $8,000
The debit to the Accumulated Depreciation account reduces its balance to reflect the adjustment, while the credits to the Revaluation Surplus and Equipment accounts decrease the carrying amount of the machine to its fair value of $88,000.
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The price level increases due to demand-pull inflation. As a result
short-run aggregate supply will shift left.
short-run aggregate supply will shift right.
there will be a movement up the short-run aggregate supply curve.
there will be a movement down the short-run aggregate supply curve.
the aggregate supply curve will not be impacted.
Price rises are explained by demand-pull inflation, which occurs when an economy's total demand exceeds its supply. Prices increase as consumer demand grows in response to a limited supply.
Which of the following can result in inflation driven by consumer demand?Demand-pull inflation may be fueled by a growing economy, increased government spending, or international expansion.
High demand or an abnormally low supply might both lead to price hikes. When there is an imbalance between the expanding supply of goods and services and the rising demand for those goods and services, inflation that is driven by demand arises.
Does increasing demand lead to inflation?In an economy that is expanding, demand frequently outpaces supply, allowing businesses to raise prices. In turn, this causes the inflation rate to increase.
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1.1.5 These are public goods for which it is possible to exclude free riders by levying fees and tolls. A. Non-rejectable B. Free goods C. Community goods D. Collective goods (5 x 2) (10)
Collective goods are public goods for which it is possible to exclude free riders by levying fees and tolls.
What are collective goods?Collective goods are goods that are non-excludable, meaning that it is impossible or very difficult to exclude people from using them, but they are still rivalrous, meaning that their use by one person can reduce their availability for others.
Examples of collective goods include public parks, highways, and national defense. However, it is possible to exclude free riders from using collective goods by levying fees or tolls, which can help to generate revenue to maintain and improve the quality of the goods.
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Match each effect with the correct type of trade barrier
A. Standards
B. Quotas
C. Embargoes
A. Restrict exports entirely and can be used as punishment
B. Place limits on imports and can drive up prices
C. Enforce rules to uphold quality and are intended to protect consumers
Answer: i got you
Explanation:
standards= C
Quotas= B
Embargoes= A
Trade Barrier although it affects "free trade" is not a negative term. The Correct match of given options are A - C, B - B, C- A.
Trade Barrier
For a Nation, the concept of "Free Trade" is not altogether positive as it can sometime affects their domestic industries which are not capable to compete big companies. To overcome this issue "Trade Barrier" is used, apart from economic reason, it can also be used for political reasons.
In the following question we have to match different types of trade barrier with their definition. Here are the correct match:-
A. Standard - C. Enforce rules to uphold quality and are intended to protect consumers.
B. Quotas - B. Place limits on imports and can drive up prices
C. Embargoes - A. Restrict exports entirely and can be used as punishment.
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____ should be used when it is difficult to create good measures of worker behavior and output and when organizational culture, values, and beliefs are strong.
Quality circles should be used when it is difficult to create good measures of worker behavior and output and when organizational culture, values, and beliefs are strong.
Quality circles are a type of participatory management technique that was first developed in Japan in the 1960s. The technique involves small groups of employees coming together to identify and solve problems related to their work. Quality circles are designed to encourage employee participation, improve morale, and increase productivity.
Quality circles are particularly useful in situations where it is difficult to create good measures of worker behavior and output. This might occur in situations where the work is highly complex, or where the output is difficult to quantify. In such situations, it can provide a valuable source of information about the work, as well as a way to identify and solve problems related to the work.
Quality circles are also well-suited to situations where organizational culture, values, and beliefs are strong. Because quality circles rely on employee participation and collaboration, they are a good fit for organizations that place a high value on teamwork, cooperation, and employee empowerment. Quality circles can help to reinforce these values and beliefs and can help to create a more positive and collaborative work environment.
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When a company wants to design a new wireless headset it invited a group of interested users to comment on and try out various product prototypes during its design process. This is an example of what type of process?
Answer:
Testing process...?
Would have been better if given options...
This is an example of what type of process testing process.
What is the product testing process?
The four essential strategies of verification are Inspection, Demonstration, test, and evaluation. The four strategies are somewhat hierarchical in nature, as every verifies the necessities of a product or system with growing rigor.
Product trying out u.s. is a legitimate manner to get a risk to get a few virtually valuable merchandise totally free. but you want to be aware that it's far like a lottery – there is no guarantee you may get to test a product.
The Product trying out exercise gives consulting for automation engineering, solutions, and their validation; Interop and Certification for servers, switches, and storage; Infrastructure Validation and workload-based totally benchmarking for Datacenter provider providers.
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Consider the following assets with different expected returns and risks: Security A: E(r) = 0.15; Variance = 0.02 Security B: E(r) = 0.18; Variance = 0.01 Security C: E(r) = 0.13; Variance = 0.02 Security D: E(r) = 0.14; Variance = 0.03 For a rational investor with mean-variance preference, which security will this investor choose? a.C b.D c.A d.B
A rational investor with mean-variance preference would choose security B. Mean-variance preference refers to the idea that investors aim to maximize expected returns while minimizing risks, which is best achieved by selecting securities with high expected returns and low risks.
Security A has an expected return of 0.15 and a variance of 0.02. Security B has an expected return of 0.18 and a variance of 0.01.Security C has an expected return of 0.13 and a variance of 0.02.Security D has an expected return of 0.14 and a variance of 0.03.In comparison to the other securities, Security B has the highest expected return of 0.18 and the lowest variance of 0.01.
This means that it has the best risk-return trade-off, making it the best choice for a rational investor with mean-variance preference. Hence, option d.B is the correct choice.
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What does an invasion biologist study?
help me
Answer:
Invasion biology deals with invasive species. If an “invasive” species is defined as a species that spreads to the detriment of economic interests and public health, however, invasion biology could not be easily distinguished from pest management and public health sciences.
Explanation:
standards of excellence in corporate community involvement include all of the following except a. issues management. b. leadership. c. efficiency. d. relationship building.
Standards of excellence in corporate community involvement include all of the following except efficiency.
What is not standards of excellence in corporate community involvement
Efficiency is an important aspect of corporate community involvement, but it is not typically considered a standard of excellence in this context. The other options listed are all commonly recognized as key standards for effective corporate community involvement:
a. Issues management: This involves identifying and addressing the key social and environmental issues that are relevant to a company and its stakeholders. Effective issues management is essential for ensuring that a company's community involvement efforts are aligned with its values and goals.
b. Leadership: Corporate community involvement requires strong leadership at all levels of the organization, from the CEO to front-line employees. Leaders must be committed to community involvement and must provide the resources and support needed to make it a success.
c. Relationship building: Building strong relationships with community stakeholders, including customers, employees, suppliers, and local residents, is critical for effective community involvement. Companies must be able to listen to the needs and concerns of these stakeholders and work collaboratively with them to address important issues.
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Select all that apply.
______ are examples of personal values.
A. Recognition
B. Relationships
C. Enthusiasm
D. Courage
Answer:
Relationships
Enthusiasm
Courage
In a free enterprise system, what drives individuals to risk their savings in a business venture? question 6 options: the idea of failure the desire to pay taxes the potential for profit the increase in stock prices
In a free enterprise system, what drives individuals to risk their savings in a business venture is the potential for profit the increase in stock prices.
What is free enterprise system?A free enterprise system can be described as the economic system in which the business activities is not been controlled by the government of the country.
It should be noted that in this system government there is usually a few restrictions from the government on the types of business activities that is been engaged by the people o the country so that they can make profit.
Therefore, last option is correct.
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A Ground Fault Circuit Interrupter (GFCI) is designed to do which of the following?
Select all that apply.
Detect when the current leakage is greater than 5 mA.
Protect people from severe and sometimes fatal electrocution by monitoring for electrical leakage to ground.
Interrupt the flow of electric current by tripping quickly enough to prevent electrocution from leakage
Answer: Protect people from severe and sometimes fatal electrocution by monitoring for electrical leakage to ground.
Explanation:
The main purpose of a Ground Fault Circuit Interrupter (GFCI) is to ensure that when a person gets electrocuted, the flow of electricity is cut off quickly so that no serious injuries or death occurs.
It works by monitoring the electrical leakage to the ground by checking to see if the current going to and coming from the equipment differ by a certain amount and if it does, the GFCI will interrupt the circuit.
Answer:
All of them,
Explanation:
a flexible budget performance report indicates a sales variance of $200 unfavorable. the variance was likely caused by: multiple choice question. selling units for less than the budgeted price selling more units than budgeted selling units for more than the budgeted price
The variance was likely caused by selling units for less than the budgeted price.
How do you calculate a flexible budget's variance?For instance, a flexible budget model is created with the expectation that the cost per unit will be $100. 800 units were sold in the most recent month, with a $102 average selling price per unit. By multiplying 800 units by $2 per unit, the favorable flexible budget variance for revenue equals $1,600.
What is the difference between the actual sales results and the flexible budget?A flexible budget variation is a calculated discrepancy between the budget that was anticipated and the outcomes. In the aforementioned illustration, the corporation has a goal production capacity of 85%. The estimated or anticipated 212,500 unit sales volume results in a $740,625 profit.
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Question 13 (5 points)
Which of the following arguments would an economist use in favor of sustainable development?
Improved education is the key to economic development.
Rapid development causes environmental problems for the whole world.
There is not enough wealth in the world to sustain development.
Less developed countries need to industrialize quickly to keep up.
Answer:
Improved education is the key to economic development.
Explanation:
What is development without education, then we will just go back to the Savage civilization, education is fundamental in our professional and personal life, it deals with everything. Like industrialization, cooking, economic development and everything else. So for sustainable development for a developed or developing country one needs education to become skilled and help in the development of ones country
Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
Brad, a manager at a new investment firm, is performing job evaluation. He selects 12 benchmark jobs in the firm and then ranks each of these jobs against compensable job factors such as physical effort, responsibility, skill, and nature of the working conditions. This ranking is based on job descriptions created during job analysis. Later, the management meets as a group and develops a consensus on the assigned values for each job. In the given scenario, which of the following systems or methods is Brad most likely using for job evaluation?
A) The point system
B) The classification system
C) The factor-comparison method
D) The market-basket analysis method
Answer:
C) The factor-comparison method
Explanation:
It is correct to say that the method for evaluating jobs that Brad is using in this scenario is the method of comparing factors, which consists of evaluating various factors of the job and not just the job itself. This method is advantageous due to the ease of application and classification of factors, such as those classified as compensable work factors such as physical effort, responsibility, skill and the nature of working conditions.
The objective of the factor comparison method is then to promote a remuneration corresponding to each value attributed to the job's working factors and thus to promote a fairer remuneration according to the position.
Ahrens Tech incurs costs of $33 per unit ($21 variable and $12 fixed) to make a widget it normally sells for $58. Ahrens has received two special offers: Wholesaler A offers to buy 9,000 units at $46 each and Wholesaler B offers to buy 15,500 units at $42 each. Assuming Ahrens has the capacity to accept only one of these offers, which one should it accept
Ahrens should accept Wholesaler B offers to buy 15,500 units at $42 each
What is Wholesaler?The sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or other wholesalers and related subordinated services, is known as wholesaling or distributing.
In the supply chain, a wholesaler serves as an intermediary or middleman. The most common type of wholesaler is a company that buys finished products from manufacturers and distributes them to retailers, who then sell smaller quantities of the product to end users.
To summarize the key distinctions, retailers sell goods directly to end users in small quantities. Wholesalers, on the other hand, sell goods to other store owners and retail industry professionals, who then sell the goods to the end user.
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strategy involves the decisions that senior management makes and the goal-directed actions it takes to gain and sustain competitive advantage in several industries and markets simultaneously. multiple choice question.
The type of strategy that involves senior management decisions and actions aimed at achieving competitive advantage across multiple industries and markets is Corporate-level strategy. The correct option is D.
Corporate-level strategy involves the decisions and actions taken by senior management to achieve the overall goals of the organization and gain a competitive advantage in multiple industries and markets simultaneously. Corporate-level strategy is concerned with the allocation of resources, coordination of activities, and management of relationships across business units or product lines, with the aim of creating value for the organization as a whole.
It involves identifying growth opportunities, diversification strategies, and mergers and acquisitions, among other activities, to ensure the long-term success of the organization.
Hence, option D. Corporate-level strategy is the right answer.
The complete question is:
Which of the following options best describes the type of strategy that involves senior management decisions and actions aimed at achieving competitive advantage across multiple industries and markets
A. Business-level strategy
B. Operational strategy
C. Functional-level strategy
D. Corporate-level strategy
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Yit = β0 + β1 Xit + β2 Zi + β3 St + uit, i = 1,2,...,48; t = 1982,...,1988
Which coefficients are significant at the 0.05 significance level? Which are not? Is there evidence for entity
fixed effects? Is there evidence for time fixed effects? How does the estimated coefficient on beertax change
by including time fixed effects?
The estimated coefficient on beertax will be biased and inconsistent if there are time fixed effects.
The given regression model is, Yit = β0 + β1 Xit + β2 Zi + β3 St + uit, i = 1,2,...,48; t = 1982,...,1988. To find the coefficients that are significant at the 0.05 significance level, we can conduct a hypothesis test. We can also test for entity fixed effects and time fixed effects. Let us look at each of these in turn.1. Hypothesis test. To determine which coefficients are significant at the 0.05 significance level, we need to conduct a hypothesis test. The null hypothesis is that the coefficient is zero, while the alternative hypothesis is that it is not zero. We can use a t-test to test each coefficient. The t-statistic for each coefficient is given by: t = (βi - 0) / SE(βi)where SE(βi) is the standard error of the coefficient. We can then compare the t-statistic to the critical value of the t-distribution with n - k degrees of freedom, where n is the sample size and k is the number of coefficients. If the absolute value of the t-statistic is greater than the critical value, we reject the null hypothesis and conclude that the coefficient is significant at the 0.05 level of significance. Otherwise, we fail to reject the null hypothesis and conclude that the coefficient is not significant at the 0.05 level of significance.2. Entity fixed effectsTo test for entity fixed effects, we can run a regression of Yit on Xit and St and include entity dummies as independent variables. If the entity dummies are jointly significant, we can conclude that there are entity fixed effects. The same procedure can be used to test for time fixed effects.3. Estimated coefficient on beertaxBy including time fixed effects, the estimated coefficient on beertax will change. If there are time fixed effects, the estimated coefficient on beertax will be biased. This is because time fixed effects capture the effect of time-varying factors that are correlated with beertax. If these time-varying factors are not included in the regression, their effect will be picked up by the estimated coefficient on beertax. Therefore, the estimated coefficient on beertax will be biased and inconsistent if there are time fixed effects.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUHow does Celebrity Cruises collect data about the customer experience? Part 2
A. with a personal interview on the last day of the cruise.
B. with a postcard sent to the customer's home.
C. with a personal interview as the customer is leaving the ship.
D. with an email survey within a few hours after returning to port.
E. with a phone interview after the customer has returned home.
Celebrity Cruises uses an email survey within a few hours after returning to port to collect data about the customer experience.
Here's a more detailed answer: Cruise ships are often seen as a paradise of pleasure and luxury, but behind the scenes, they're carefully scrutinized and evaluated. Cruise lines track every aspect of your vacation experience, from the food you ate to the activities you participated in to your satisfaction level at the end of the trip.The Celebrity Cruises line collects data on passenger satisfaction in a variety of ways. They use post-cruise surveys to gather information about the customer experience. Celebrity Cruises' survey is typically delivered via email within hours of a passenger's return to port. It includes questions about the passenger's experiences during the voyage, such as the quality of the food, the cleanliness of the ship, the entertainment, and more. This quick turnaround time helps ensure that the passenger's memories of the trip are still fresh in their mind.Celebrity Cruises also collects data through onboard surveys. They may ask passengers to complete a survey at the end of a shore excursion, for example, or they may gather feedback through comments cards or suggestion boxes located throughout the ship.Celebrity Cruises uses this data to improve its onboard operations and customer service. The cruise line is committed to providing the best possible customer experience, and collecting passenger feedback is a key part of achieving that goal.
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How education is medium to enhance the ability of human beings?
All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of each maturity must be disclosedB spread must be disclosedC participation amount of each underwriter must be disclosedD customer must be sent a copy of the Official Statement, if available
Answer:
D
Explanation:
customer must be sent a copy of the official statement, if available
Does your insurance go up if you get a speeding ticket.
Yes, a speeding ticket can raise your insurance rates.
While you may not see an increase in your insurance rates immediately after you get a speeding ticket, during the next billing cycle you may find that your car insurance has gotten more expensive.
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If this does not help i am very sorry
adam files suit against brad and dot, asserting negligence. assess the argument that adam assumed the risk against brad? against dot?
Adam will need to provide evidence that he was not aware of any danger that Brad and Dot may have created and that he did not assume the risk in order to win his case.
Adam has filed a lawsuit against Brad and Dot, alleging negligence. In order to assess the argument that Adam assumed the risk against Brad and Dot, it is important to understand the concept of assumption of risk. In order for a plaintiff to assume the risk, they must have voluntarily and intentionally exposed themselves to a dangerous condition. Therefore, to determine whether Adam assumed the risk, we need to look at the facts of the case.
As to Brad, Adam would need to prove that he did not assume the risk in order to win his case. If Adam was aware of the risk but chose to take it anyway, Brad would be not liable. As to Dot, Adam would need to show that Dot was negligent and that Adam was not aware of the risk and did not assume it.
Ultimately, Adam will need to provide evidence that he was not aware of any danger that Brad and Dot may have created and that he did not assume the risk in order to win his case. Whether or not Adam has assumed the risk is dependent on the facts of the case, so it is important to assess the situation carefully.
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describe how a company would balance the tradeoff between cost and speed when selecting a shipping method
Answer: The opportunity cost is the most desirable trade-off.
Explanation: Trade-offs refer to the choosing decisions that an individual faces when choosing between two-goods or making any other economic decision. For instance, a graduate may face a trade-off between choosing a job or starting up his own business.
While, opportunity cost is simply the cost of the lost alternative. For example, if the graduate chooses to start a business then his opportunity cost is the salary foregone from going for a job.
Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost. So we can say that they are the most desirable trade-off.
A company would balance the tradeoff between cost and speed when selecting a shipping method through the Opportunity cost.
What is the meaning of the tradeoff ?The trade-off is a term used to describe the courses of action given up in order to perform the preferred course of action. Conversely, the opportunity cost is defined as the cost of opting one course of action and forgoing another opportunity, to undertake that course of action.
Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost. So we can say that they are the most desirable trade-off.
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pepper department store allocates its service department expenses to its various operating (sales) departments. the following data is available for its service departments: expensebasis for allocation amount rentsquare feet of floor space $36,000 advertisingamount of dollar sales $54,000 administrativenumber of employees $81,000 the following information is available for its three operating (sales) departments: department square feet dollar sales number of employees a 4,200 $316,000 18 b 4,600 $336,000 20 c 4,800 $468,000 22 totals 13,600 $1,120,000 60 what is the total advertising expense allocated to department b?
The total advertising expense allocated to Department B is $16,200.
To calculate the total advertising expense allocated to Department B, we need to find the proportion of dollar sales for Department B and then apply this proportion to the total advertising budget.
Department B's dollar sales: $336,000
Total dollar sales (all departments): $1,120,000
Proportion of dollar sales for Department B = (Department B's dollar sales) / (Total dollar sales)
Proportion = $336,000 / $1,120,000 = 0.3
Total advertising budget: $54,000
Advertising expense allocated to Department B = (Proportion of dollar sales for Department B) × (Total advertising budget)
Advertising expense = 0.3 × $54,000 = $16,200
Hence, The total advertising expense allocated to Department B is $16,200.
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I NEED HELP!!!!!!!!!!!!!!!!!!
Answer:
I am not home, I'm at church service will return home on Tuesday