The bank wants a business plan from Ainsley.
A business plan is a written document that describes in great depth the goals and objectives of a company. It outlines a documented strategy for the company's operations, finances and marketing. Business plans are used by both new and established businesses.
A business plan is a crucial document intended for both internal and external audiences of a company. For instance, before a business has built a solid track record, a plan is utilized to entice investment. Securing financing from financial entities might also be beneficial. A business plan can also help a company's executive group stay on the same page with regard to key action items and on track to achieve set objectives.
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an investor purchased 100 shares of acme shoelace stock for $20 per share. four years later, the investor sold the stock for $28 per share. this investor would report these transactions, on a per share basis, as
This investor would report these transactions, on a per share basis, as
$20 cost base, $8 capital gain.
Capital gain = Investor sold stock- shoelace stock
=$ 28- $ 20
= $ 8
Cost base:The price paid for a security is known as the cost base for the transaction. For stocks or bonds, the cost basis is actually the price you paid to purchase the securities, containing purchases made by reinvestment of dividends or capital gains distributions, add other costs like the commission or other fees that may have paid to complete the transactions.
How is cost basis per share calculated?To calculate your cost basis per share: Take the original investment amount ($20,000) and divide it by the new number of shares you hold (1,000 shares) to arrive at the new per-share cost basis ($20,000/1,000 = $20).
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local newspapers are typically a good source of blue-collar help and clerical employees, but they are not useful for finding any type of administrative workers.
Local newspapers are typically a good source of blue-collar help and clerical employees, so local newspapers are useful for finding any type of administrative workers. So, the statement above is false.
Local newspapers can be defined as a paper that is printed and distributed usually daily or weekly and that contains news, features, articles of opinion, and advertising. Local newspapers are very important, one of which is that local news sources help create a shared culture. Local newspaper also contain of political, social, and public health issues are tearing up our notions of community.
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A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a corporation and the employee who handled the job is a partner. If the sole proprietorship is a corporation and its employee poisons the cake, then who is NOT liable?
the employee who handled the job
the board of directors of the corporation
the corporation
none of the partners
If the sole proprietorship is a corporation and its employee poisons the cake, then the employee who handled the job is not liable.
So, the correct option is A.
Due to the fact that he completed the entire task, the sole proprietorship's employee is likewise accountable. A firm was hired by a wedding party to cater their event. The sole proprietorship in this instance is a partnership, and the worker who completed the task is a partner. A solo proprietorship is run and owned by one individual. All choices and actions made by the owner directly affect the operation of the company.
The business owner could hire employees to help in running the business. The employees do not become business partners; they remain employees. The owner is thought to be responsible for any business-related debts. The only proprietor in this marriage is completely accountable for his assistant's errors.
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Do you think consumer should be expected to take into account the ethical track record of companies when making a purchase why or why not
Businesses have an ethical duty to the people who use their products and services. Businesses that practice socially responsible business act in their consumers' best interests.
Briefing:-Profit, customer satisfaction, and societal well-being are all valued equally by businesses in how business is conducted.
Customers care about ethical products, but how much?More than 84 percent of poll participants stated that they would be prepared to forgo convenience (such as slower delivery) in exchange for a good if they knew it had been manufactured or obtained ethically.
Why is studying consumer ethics important?Researching consumer ethics is essential to completely comprehending the forces that shape consumer behavior.
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mookie the beagle concierge makes a payment on the visa credit card on 01/31/2023 in the amount of $800. what is the balance of the visa credit card account
The balance of the Visa Credit Card account on January 31, 2023, is $800.
What is the credit card balance?The credit card balance is the amount the cardholder owes the credit card issuer to borrow money to pay for purchases.
Credit cards offer cover to borrowers to pay for purchases without spending their personal cash. The card issuer finances the charges made on the credit card, based on established limits, in lieu of finance charges.
The credit card balance is usually made up of the net of total charges (purchases), payments, and finance charges.
For instance, Mookie's credit card charge was made on January 31, 2023. At this date, there are no other charges to the card and no repayments have been made. There will be no finance charge on this date until the next.
Thus, the expected balance on Mookie's credit card is $800 at the end of January 2023.
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Describe a real or made up but realistic example of unearned income that you or someone you know has
received. (1-2 sentences)
The term unearned income refers to any income that is not acquired through work.
What is unearned income?Henry George first used the phrase "unearned income" to describe money derived by holding monopolies such as land. The phrase is increasingly frequently used to describe income through property ownership (also known as property income), inheritance, pensions, and payments from public assistance.Investment-type income, such as taxable interest, regular dividends, and capital gain distributions, is categorized as unearned income. In addition, it covers taxable social security benefits, unemployment benefits, pensions, annuities, debt forgiveness, and distributions of unearned income from trusts.Other types of unearned income include pensions, annuities, and retirement plans like 401(k)s.Inheritances.Alimony.Gifts.A lottery win.Benefits from Veterans Affairs (VA).Benefits from social security.Social assistance.Unearned earnings Income that is not earned includes dividends and interest.To more learn about Unearned Income refers to:
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Busines
What does it mean for an employee to demonstrate professionalism by conducting oneself in a
manner appropriate for the profession and the workplace?
An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business.
What do you mean by business?An organization or enterprising entity connection in commercial, industrial, or professional activity exists referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses. It entails having proper and effective communication as well as constantly looking for methods to be productive. Employers seek candidates with a strong sense of responsibility, ethics, and teamwork as well as excellent interpersonal, communication, and problem-solving abilities. Professionalism results when you combine these abilities.Deliver quality work on time, adhere to deadlines, and arrive for meetings on time. Be courteous and upbeat at all times, even when others aren't. Being professional can help you make a good first impression, foster fruitful relationships with others, and build a solid reputation within your company and sector.To learn more about business refer to:
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liang has been a loyal customer of her hair salon for years—just like most of the other patrons. she believes that her stylist, the salon owner, is the best in the business. not only does the salon provide excellent beauty services, it also features an exceptional, talented staff that always puts the customer first. furthermore, the salon, which is right in the heart of town, is easily accessible. liang’s salon has earned
Since Liang has been a loyal customer of her hair salon for years because she believes that her stylist & salon owner is the best, hence, Liang’s salon has earned a sustainable competitive advantage.
What is a competitive advantage?In economics, a competitive advantage refers to those factors that allow a company to produce services (in this case) better cheaply than its rivals. The factors here allow the productive entity to generate more sales or superior margins compared to its market rivals.
The competitive advantage is what makes an entity's products or services more desirable to customers than that of any other rival. It can also means the company's ability to produce something more efficiently than a rival which leads to greater profit margins.
That said, the competitive advantages are mostly attributed to a variety of factors such as a cost structure, branding, the quality of product offerings, the distribution network, intellectual property, customer service, customer loyalty etc.
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at what output level will average total cost equal average variable cost? group of answer choices where marginal cost intersects average variable cost. at all output levels where marginal cost is increasing. all output levels if fixed costs are zero. at all output levels where average variable cost is falling.
The output level that will see the average total cost being equal to the average variable cost is all output levels if fixed costs are zero.
When will average variable cost equal average total cost?The average total cost can be found by the formula:
= Average Variable cost + Average fixed cost
This means that for the Average total cost to be equal to the average variable cost, the average fixed cost would have to be $0.
The Average total cost and Average variable cost will therefore be equal at all the levels of output where average fixed cost is $0.
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obj. 2, 3 the procedures used for over-the-counter receipts are as follows. at the close of each day’s business, the sales clerks count the cash in their respective cash drawers, after which they determine the amount recorded by the cash register and prepare the memo cash form, noting any discrepancies. an employee from the cashier’s office counts the cash, compares the total with the memo, and takes the cash to the cashier’s office. pencil indicate the weak link in internal control. pencil how can the weakness be corrected?
The weak link that can be established here is from the fact that there are no separation of duties in this business.
The link can be corrected when other people are assigned some of the tasks to do
How is the weak link established?The way that this link can be seen is from the fact that in the business that we have here, there is no form of separation of duties. We can see that the same person that is in charge of the issuance of the receipts is still the one that would have to create the memo and would still be the one that would count cash as well.
Less may be shown compared to what was received, receipts may not be given and cash would also be taken to the home.
b. The way that the weakness would be corrected would have to with the employment of other people that would have to do some of these other tasks.
available cash may be greater that receipts of sales if people are not issued receipts.
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an increase in the capital stock will most likely cause the an increase in the capital stock will most likely cause the phillips curve to shift out. production possibilities curve to shift in. long-run aggregate supply curve to shift rightward. aggregate demand curve to shift leftward.
The Long-run Aggregate Supply Curve will most likely move to the right as capital stock rises.
Why do LRAS change to the right, and what does that mean?All production parameters, including the size of the labor force, the size of the capital stock, the level of education, and labor productivity, affect the long run aggregate supply curve (LRAS). The LRAS curve would move to the right in response to an increase in investment or a growth in the labor force.
Which of the following causes a rightward change in the aggregate supply curve over the long term?The economy must be able to generate more items in order to expand the long-run aggregate supply to the right.
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synergy national bank issued a conventional loan that is eligible for purchase by fannie mae. when fannie mae purchases the loan, what will synergy national bank receive in return?
Synergy national bank issued a conventional loan that is eligible for purchase by Fannie Mae. When Fannie Mae purchase's the loan, what will Synergy national bank receive in return collect the fee's
Does Fannie Mae have anything to do with a conventional loan?A conventional mortgage loan is a "conforming" loan, which basically means it complies with Fannie Mae or Freddie Mac's standards. Mortgages are bought from lenders by government-sponsored companies Fannie Mae and Freddie Mac, who then sell them to investors.
To whom are loans sold to Fannie Mae?Fannie Mae is a GSE that buys mortgage loans from smaller banks or credit unions and backs or guarantees them on the mortgage market for borrowers with low to middle incomes.
Where can I locate any credits offered by the seller under the loan estimate?A: The Loan Estimate discloses seller credits as follows: The Calculating Cash to Close table includes information on general seller credits.
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Based on the profit-loss statement, name two ways Janet and Omar can improve their cash flow
Please list two methods Janet and Omar might increase their cash flow based on the profit-loss statement. Reduce your expenses, the particularly your payroll costs. their sales should rise.
The first line item of the cash flow statement, net profit or net burn, connects the cash flow statement to the income statement. The cash flow from operations is then determined using the profit or loss on the income statement. The indirect method is what is meant by this. The fundamental distinction between the accounting statement of cash flows and the financial cash flows is how interest expense is the handled.
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an order for 50 of a product is processed on work centers a and b. the setup time on a is 45 minutes, and run time is 5 minutes per piece. the setup time on b is 30 minutes,
Order manufacturing lead time is 102.75 hours
What is manufacturing?
Manufacturing is the process of creating or producing goods using equipment, labour, computers, tools, and biological or chemical processing or formulation. It is the essence of the economy's secondary sector. The term can refer to a wide range of human activities, from handicraft to high-tech, but it is typically commonly applied to industrial design, which involves the transformation of raw materials from the primary sector into finished goods on a large scale. Such goods may be sold to other manufacturers for use in the production of much more complex products (such as aeroplane, household appliances, soft furnishings, sports equipment, or automobiles), or they may be distributed to end users and consumers through the tertiary industry.
Manufacturing lead time = total work time across all work centres + total move time + total wait time
Work Center Time (P) = setup time + run time + queue time
Workplace A
45 minutes for setup
Run time = 5 minutes per piece = 50*5 = 250 minutes
8 hours = 480 minutes of waiting
Time to move = 60 minutes
Time spent queuing = 40 hours = 2400 minutes
Total time spent at Workplace A = 45+250+480+60+2400 = 3235 minutes
Workplace B
30 minutes for setup
Run time = 4 minutes per piece = 50*4 = 200 minutes
8 hours = 480 minutes of waiting
2 hours = 120 minutes = move time
Time spent queuing = 35 hours = 2100 minutes
Total time spent at Workplace B = 30 + 200 + 480 + 120 + 2100 = 2930
Order manufacturing lead time = 3235+2930 = 6165 mins = 102.75 hours
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Complete Question
An order for 50 of a product is processed on word centers A and b. The setup time on A is 45 minutes, and run time is 5 minutes per piece. The setup time on B is 30 minutes, and the run time is 4 minutes per piece. Wait time between the operations is 8 hours. The move time between A and d is 60 minutes. Wait time after operation d is 8 hours, and the move time into stores is 2 hours. Queue at work center A is 40 hours and at B is 35 hours. Calculate the total manufacturing lead time for the order.
the common sources of information regarding products during the preshopping phase include personal , business organizations, media, and independent testing agencies such as consumer reports.
The common sources of information regarding products during the preshopping phase include personal, contacts business organizations, media, and independent testing agencies such as consumer reports.
What do you mean by consumer reports?
Consumer Reports (CR), previously Consumers Union (CU), is a non-profit consumer organisation based in the United States that focuses on independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy. CR was founded in 1936 to provide customers with information to help them evaluate the safety and efficacy of products. Since then, CR has continued to test and analyse products and services, as well as to advocate for consumers in legislative and rule-making forums. Among the measures in which CR played a role were the implementation of seat belt laws, the public awareness of the risks of tobacco, and, more recently, the improvement of consumer finance protection and consumer access to quality health care.
Personal factors include the consumer's age, occupation, lifestyle, social and economic standing, and gender. These factors can have an individual or collective impact on consumer purchasing decisions.
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As someone who works with classified information, what should you do if you are contacted by a foreign national seeking information on a research project?.
As someone who works with classified information, I would inform my security proof of concept (POC) of all business on book-professional or non-routine contacts with foreign nationals.
Informing the security proof of concept is a key when contacted by a foreign national seeking information on a research project as this will help in determining whether the foreign national is authorized to access classified information.
Again doing so will protect the classified information to prevent further unauthorized disclosure.
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compute the amount of ending inventory the shirt shop would report on the balance sheet, assuming the following cost flow assumptions: (1) fifo, (2) lifo, and (3) weighted average. compute the difference in gross margin between the fifo and lifo cost flow assumptions.
Amount of ending inventory would report on the balance sheet, on the assumptions of (b) lifo concept of the accounting principles of management.
LIFO concept of accounting is very simple which accepts the record on the basis of last in first out. As the inventory keeps on changing in the production process it is accounted under the lifo process of assumptions that it keeps changing.
The other techniques of recording the transactions is based on different entries and can be combined under the weighted average accounting.
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Typically, what percentage of the home cost should you have available for a down payment?
Responses
5%
25%
30%
50%
You can put down up to 50% of the total cost of the property if you have the necessary funds and your financial situation permits it.
Further more you can also.
Even 80% of the property's value is acceptable if you so choose. Everything depends on you and the amount of financial responsibility you are willing to take on. The greater the down payment you make, the less debt you are required to pay.
Now, speaking generally, the bank or an NBFC, depending on which one you choose to apply to for a home loan, will only lend up to 80% of the actual worth of the property. In exceptional circumstances, the lender might provide 85% finance, but not acent extra on top of that.
Therefore, it is abundantly evident from the calculations that you must put down at least 15-20% of the property's value.
In light of the actual worth of the property, you should correspondingly determine the down payment. I'm assuming that your property is worth somewhere between 35 and 37 lakhs based on the loan statistics you provided. That means your down payment will need to be at least 7-8 lakh.
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financial management deals with two things—managing a company's finances and . operations management inventory control raising money production management supply chain management
Answer:true
Explanation:
they come hand to hand running a bussiness
Business owners and entrepreneurs have to make major decisions every single day that impact the well-being of their company and life—what decisions do you make on a daily basis that may have a huge impact on your life? Explain and discuss.
Business owners and entrepreneurs enterprise proprietors and entrepreneurs need to make important choices every single day that impact the well-being of their corporation and lifestyles.
The organization owner needs to approve the standards and strategies for hiring the ablest personnel. He should additionally make alternatives approximately job descriptions, employee roles, and responsibilities. additionally the agency owner has the very last say on topics that include compensation and advantages structures for his employees.
As a manager, many of your commercial enterprise decisions might also have an effect on personnel and customers. Your selections can affect a worker's getting to know and schooling, paintings-life-style stability, productiveness, fitness, and interplay with clients.
Reason-putting is the primary and essential step in making plans manner. goals are described at the organizational, branch, and man or woman level and are intended to be finished in the future in a specific term. An aim may be a quick-time period, mid-time period, or lengthy-time period.
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Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.
The net income earned is $240
The term net income refers to a company's net earnings. It is determined by subtracting total expenses from total receipts. The term total expenditure can refer to a variety of things, such as taxes, business expenditures, interest payments, fees, and depreciation. The calculation of shareholders' earnings per share is aided by net income.
1.
Dr. Account Receivable $5,760
Dr. Service charges $240
Cr. Service revenue $6,000
2.
Dr. Cash $5,760
Cr. Accounts receivable $5,760
Working Notes
Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.
Service revenue $6,000
Less: Credit card expenses $ (240)
Net income $5,760
Service charges = $6,000 x 4% = $240
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Your grandmother has promised to give you $10,000 when you graduate from college. She is expecting you to graduate three years from now. What happens to the present value of this gift if you speed up your graduation by one year and graduate two years from now?.
Your grandmother has promised to give you $10,000 when you graduate from college. She is expecting you to graduate three years from now. The present value of this gift will increase even if you speed up your graduation by one year and graduate two years from now
The time value of money is the foundation for present value. The value of money obtained today exceeds that of money received tomorrow. Therefore, money received in two years would be worth more and have a increased present value than money received in three years because of this.
The formula of Present value is:
FV=PV * (1+r)∧t
FV=future value of the investment,
PV= present value,
r = stated interest rate,
t = time in years
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june 3 purchased goods for $4,100 from diamond incorporated with terms 2/10, n/30. june 5 returned goods costing $1,100 to diamond incorporated for credit on account. june 6 purchased goods from club corporation for $1,000 with terms 2/10, n/30. june 11 paid the balance owed to diamond incorporated. june 22 paid club corporation in full.
If june 6 purchased goods from club corporation for $1,000 with terms 2/10, n/30. june 11 paid the balance owed to diamond incorporated. june 22 paid club corporation in full. he cost of inventory as of June 30 is $3940.
Cost of inventoryFirst step is calculate the cost of goods returned using this formula
Cost of goods returned to D Inc. + Cost of goods purchased from C Corp.
Let plug in the formula
Total cost of goods purchased = $4,100 - $1,100 + $1,000
Total cost of goods purchased = $4,000
Using this formula to determine the cost of inventory
Cost of inventory = Total cost of goods purchased - [ (Cost of goods purchased from D Inc. - Cost of goods returned to D Inc.)×Discount rate ]
Let plug in the formula
Cost of inventory = $4,000 - [ ($4,100 - $1,100) × 2% ]
Cost of inventory = $4,000 - ($3,000×0.02)
Cost of inventory = $4,000 - $60
Cost of inventory = $3,940
Therefore the cost of inventory is the amount of $3,940.
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The complete question is:
june 3 purchased goods for $4,100 from diamond incorporated with terms 2/10, n/30. june 5 returned goods costing $1,100 to diamond incorporated for credit on account. june 6 purchased goods from club corporation for $1,000 with terms 2/10, n/30. june 11 paid the balance owed to diamond incorporated. june 22 paid club corporation in full.
Required:
Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30.
At a convenience store, two candy bars and two bags of potato chips cost $4. 00, and three candy bars and two bags of potato chips cost $4. 75. What is the price of one bag of potato chips?.
The price of one bag of potato chips is $1.25.
The problem we dealing with is related to the linear equation which is referred to be an algebraic condition of the shape y=mx+b, where m is the slope as well as b is the y-intercept, and as it were a steady and a second-order term is included. Each term in a direct equation has an exponent of 1, and when this algebraic condition is graphed, it continuously produces a straight line, which is the way It is called a "linear equation".
As we are provided that two candy bars and two bags of potato chips cost $4. 00, whereas it costs $4. 75 for three candy bars and two bags of potato chips .
let us consider the cost of potato chip packages is y and the cost of candy bars is x
From the first condition, we can say
2x+2y=4 ......(1)
From the second condition, we can say
3x+2y=4.75 ....(2)
subtracting equation (1) from (2) we get
=>3x+2y -(2x+2y) =4.75−4
=>(3x−2x)+(2y−2y)=4.75−4
⇒x=.75
Now we substituting the value of x in equation (1) we get
=>2(0.75)+ 2y=4
=>1.5+2y=4
⇒2y=4−1.5
⇒2y=2.5
⇒y=1.25
Cost of one candy bar is 0.75$ and the cost of one pack of potato chips is 1.25$
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the ""value"" portion of the customer value proposition is how much you could expect to sell one share of your company in an initial public offering (ipo).
False, The "value" part of the customer value proposition does not refer to the price at which one share of your business might be sold in an IPO (IPO).
The core cause why a services or product is ideal for a given customer is revealed in a company's value proposition. Customers should be directly informed of a company's value proposition through its web page or other advertising and promotion or advertising collateral.
A strong value proposition can provide these three crucial characteristics: Relevance by describing how particular product can help customer in a particular situation. Differentiation by highlighting the unique qualities. Delivering distinctive and quantifiable benefits to your clients will help you create quantified value.
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how does a first-mover firm’s ability to develop logistics and acquire raw material ahead of competitors impact success? more than one answer may be correct.
The key benefit of being first-move to market is brand material awareness. Even after rival businesses have entered the market, it not only fosters loyalty among current customers but also attracts new ones to a company's goods.
Having the ability to connect with customers early and leaving a lasting impression helps increase brand recognition and brand loyalty. first-move may be able to manage resources, for example, by establishing a high-value contract with important material suppliers, locating themselves in a tactical area, or acquiring exceptional personnel. When fast followers have enough resources and marketing power to overcome a first mover yet markets are slow to absorb the new product offering of a first mover.
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along with several other members of the upper management team, you’ve just completed an assessment of your organization’s manufacturing plant. to meet demand for product, the group has determined that the plant must operate at a minimum of 75% capacity for at least 250 working days each year with no more than a total of 50 hours of down time due to accidents or other disruptions. the plant must produce 20,000 parts annually, with a cap of 2.5% of parts rejected after inspection. what approach should your team use to measure effectiveness of plant operations?
The approach your team should use to measure the effectiveness of plant operations is the Goal approach. Option A
This is further explained below.
What is the GOAL-Fulfillment APPROACH?Generally, In this situation, the strategy of target achievement has to be used. According to the GOAL-Fulfillment APPROACH, the health of an organization should be evaluated based on whether or not it has successfully completed the objectives it set for itself (its authoritative goals).
In conclusion, Examples of authoritative objectives include achieving specific quality outcomes, reaching specific benefit targets, and growing a proportion of the total industry.
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CQ
Along with several other members of the upper management team, you’ve just completed an assessment of your organization’s manufacturing plant. To meet the demand for the product, the group has determined that the plant must operate at a minimum of 75% capacity for at least 250 working days each year with no more than a total of 50 hours of downtime due to accidents or other disruptions. The plant must produce 20,000 parts annually, with a cap of 2.5% of parts rejected after inspection. What approach should your team use to measure the effectiveness of plant operations?
a. Goal approach
b. Resource-based approach
c. Strategic constituents approach
d. Internal process approach
stagflation can be defined as a combination of . economic migration and inflation economic aggregation and deflation economic aggregation and inflation economic stagnation and inflation
A combination of inflation and economic stagnation is known as stagflation.
A state of economic stagnation known as stagflation is characterized by inflation, high unemployment, and weak economic growth. Because attempting to address one of the issues can worsen another, economic officials find this combination exceptionally challenging to manage.
In 1965, when the UK economy was under pressure, British politician Iain Macleod coined the phrase "stagflation" in a speech before the House of Commons. He coined the phrase "stagflation scenario" to describe the results of inflation and stagnation combined.
It was once thought impossible to experience stagflation. It was excluded from their models by the dominant economic theories in academic and policy circles during the majority of the 20th century. In particular, macroeconomic policy was described in the Phillips Curve economic theory as a trade-off between unemployment and inflation, which emerged in the context of Keynesian economics.
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bob is from the united states. bob takes a transfer within his company to manage a manufacturing facility in india. while in his new assignment, bob tells others back in the united states that the management practices in india are faulty and not near as effective as those in the united states. bob is exhibiting a(n) .
A fundamental attitude known as ethnocentrism expresses the conviction that one's own ethnic group or culture is superior to that of other ethnic groups or civilizations, and that one's cultural norms may be universally applied.
What is an Ethnocentric Attitude?We fill positions around the world with people from our parent country because of the ethnocentric approach to recruitment. For instance, if we needed to fill an executive position in another nation, we could: Relocate one of our current workers who exists a citizen or permanent resident of our parent nation.
In this strategy, a company's national headquarters serves as the location of the leadership. Instead of in the country where activities are conducted, all decision-making and control are centralized there. At the local, operational level, there is hardly any autonomy.
Therefore, the correct answer is option E. ethnocentric attitude
The complete question is:
Bob is from the United States. Bob takes a transfer within his company to manage a manufacturing facility in India. While in his new assignment, Bob tells others back in the United States that the management practices in India are faulty and not near as effective as those in the United States. Bob is exhibiting a(n) _____.
A. geocentric attitude
B. polycentric attitude
C. power distance
D. individualism-collectivism
E. ethnocentric attitude
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juan works on a holiday for which he receives 8 hours' regular pay and 8 hours' holiday pay. during the rest of the workweek he works 32 hours. if his normal pay rate is $8.00 per hour, how much pay must he receive under federal law?
The pay that Juan must receive under federal law is equal to $320 if his normal pay rate is $8.00 per hour.
According to federal law, there is no obligation to pay the workers above their normal pay rate on a holiday, therefore we can consider the pay rate of Juan for both normal days and holidays to be $8 per hour.
First, we calculate the total hours worked by Juan by addition of the workweek hours to the hours worked on holidays.
Total hours worked = 32 + 8 = 40 hours.
Now the pay that Juan must receive can be calculated by the multiplication of the total number of hours worked by the pay rate. Therefore;
Pay = Total hours × pay rate
Pay = 40 × 8
Pay = 320
Hence, Juan must receive a payment of $320 under federal law.
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