Self interest, marginal decisions, and optimization all form the basis of Rational decision making.
What is Decision making?Decision making can be regarded as the process of making choices which involves careful consideration of the alternatives that is available.
Decision making involves; identifying a decision gathering informationassessing alternative .Therefore after goin through these process, a Rational decision making can be made.
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Compared to a barter economy, using money increases efficiency by reducing.
Answer:
Compared to a barter economy, using money increases efficiency by reducing: transaction costs. Barter is the: direct exchange of goods and services.
M2 is calculated by adding together time deposits, certificates of deposit, and ___________. Select all that apply. Select all that apply: M1 money supply money market mutual funds credit card purchases
Answer:
M1 money supply and money market mutual funds
Explanation:
M2 money supply includes those monies that are very liquid such as cash, checkable (demand) deposits, savings deposits, and traveler’s checks, otherwise known as M1, and less liquid monies including time deposits, certificates of deposits, and money market funds.
Anya is a general manager for a large department store. Each day she plans the number of employees she will have in each department, including the number of cashiers. She plans the break schedules and the freight delivery schedules. In the business world, we refer to this as __________ planning. Multiple Choice operational tactical strategic contingency
The process of planning the break schedules and the freight delivery schedules is known as an operational planning.
What is an operational planning?This refers to the outlining of key targets that a firm will undertake during a period of time that is usually one year.
Hence, the process of planning the break schedules and the freight delivery schedules is known as an operational planning.
Therefore, the Option A is correct.
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_____ function of management is when a manager is responsible for organizing a staff and making sure the staff members have the necessary resources to do their jobs.
Organizing
Planning
Leading
Controlling
The organizing function of management is when a manager is responsible for organizing staff and making sure the staff members have the necessary resources to do their jobs. This is further explained below.
What is the Organizing function of management?Generally, In order to achieve goals, the role of management is to establish an organization's structure and allocate human resources.
In conclusion, Management's organizing role is to ensure that employees are properly organized and equipped to carry out their duties.
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The key to a good assessment of the alternatives: (Choose all that apply.) Multiple select question. ensures buy in at all levels of the organization. makes sure that managerial mind-set is the main consideration. defines the opportunity or threat exactly. specifies the criteria that should influence the selection of appropriate alternatives.
The key to a good assessment of the alternatives:
C. defines the opportunity or threat exactly.D. specifies the criteria that should influence the selection of appropriate alternatives.What is an Assessment?This refers to the analysis that is done to ensure the best possible thing is selected and that threat is identified and eliminated on time.
Hence, we can see that when making good assessments, it is important to define the threat or opportunity and then specify the criteria that should influence the selection of appropriate alternatives.
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The choice of a compensation system is very important to managers because: Multiple select question. incentives affect motivation employees will only comply with union rules it affects efficiency and productivity employees receive annual pay raises
The choice of a compensation system is very important to managers because it affects efficiency and productivity employees. Thus the option 3rd is correct.
What is compensation?Compensation refers to the monetary reward given to the employees for their performances in the company. In the workplace, employees earns the compensation.
It includes salary or wages in addition to commission and any incentives or perks that comes as the reward to the employees. It is basically the incentives provided to them in order to motivate them.
The compensation increases the productivity and efficiency of the employees as it boost the confidence and makes the them feels that they had accomplished something in the organization.
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A group that exists mainly to meet control needs, by solving all sorts of problems, is called a(n) Multiple Choice committee. quality control circle. primary group. secondary group. ad hoc committee.
A group that exists mainly to meet control needs, by solving all sorts of problems are referred to as a secondary group or task group. Thus, Option C is the correct statement.
What is a secondary group?
A Secondary Group is a proper organization whose relationship is associated with the final completion of a particular task. These styles of organizations commonly aren't emotionally connected.
That is, they do now no longer have a vested hobby in the emotional balance of others.
Thus, Option C is the correct statement.
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Indigo Company has the following production data for June: units completed and transferred out, 60,000 and ending work in process inventory, 7,200 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $7. Determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost assigned to units completed and transferred out $enter a dollar amount Cost assigned to the units in ending work in process inventory $enter a dollar amount
1. The cost assigned to units completed and transferred out based on equivalent units for Indigo Company is $720,000.
2. The cost assigned to the units in ending work in process inventory based on equivalent units for Indigo Company is $51,120.
What are equivalent units?Equivalent units show the weighted average value of work done on uncompleted processes or jobs.
Equivalent units are computed by multiplying the degree or percentage of completion by the physical units.
Data and Calculations:Materials Conversion Costs
Unit costs $5 $7
Units transferred out 60,000 60,000
Degree of completion 100% 100%
Cost of units transferred out $300,000 ($5x60,000) $420,000 ($7x60,000) = $720,000
Ending inventory 7,200 (100%) 2,160 (30%)
Cost of ending inventory $36,000 ($5x7,200) $15,120 ($7x2,160) = $51,120
Thus, the cost of units transferred out is $720,000 and the cost of ending inventory is $51,120.
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The monopsonist's marginal factor (rource) cost curve for labor is
The company must: hike the factor prices to hire additional employees, a monopolist's marginal factor cost curve is above its labor supply curve.
What is a marginal factor cost?Marginal factor cost is the increment in the additional factor of production that leads to the increase in the one-unit amount.
It is showed in unit like the labor has worked ten per unit in the given period of time.
Thus, its labor supply curve.
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A problem in developing effective compensation for teams is that: Multiple choice question. rewarding individuals erodes cohesiveness rewarding individual performance is a new way to pay people rewarding individuals builds cohesiveness rewarding all team members equally is most fair
A problem in developing effective compensation for teams is that rewarding individuals erodes cohesiveness. Thus the first option is correct.
What is Cohesiveness?
Cohesiveness refers to the act or the property of togetherness. in the group , cohesiveness can be seen when the group performs the activity. It is important to have cohesiveness in every group for the accomplishment of the task.
When a individual in a group is provided a compensation it leads to dispute and chaos which erodes the cohesiveness of the group. Thus the first option is correct.
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Withdrawing money from an ATM is a good example of how a ______ works. Select your answer, then click Done.
Withdrawing money from an ATM is a good example of how a transaction processing works.
What is money?It should be noted that money simply means a medium of exchange or a means of payment that can be used to carry out a particular transaction.
In this case, withdrawing money from an ATM is a good example of how a transaction processing works.
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What interdisciplinary field is dedicated to understanding and management of people at work?.
Answer:
1 & 2.
Explanation:
describes an interdisciplinary field dedicated to understanding and managing people at work. - value depends on its usefulness to your job and career.
Deandre and Mason both enjoy sunshine, water, and surfboards. Thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in California. Deandre and Mason will equally share in the decision making and in the business profits or losses. Which type of business did they create if they both have full personal liability for the firm's
Answer:
General Partnership
Explanation:
The general partnership is the type of business did they create if they both have full personal liability for the firm's.
What is business?Business is defined as the activity of creating, purchasing, and reselling goods in order to support oneself or earn money. A company can make money from the goods and services it provides. The word "business" derives from the verb "to be busy," which refers to action. It consistently functions.
General partnership is defined as a type of partnership where each member is responsible for the business ventures of the partnership. The parameters governing the division of earnings and losses, managerial activities, and interest transfers are negotiable in general partnerships.
Thus, the general partnership is the type of business did they create if they both have full personal liability for the firm's.
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A bank customer receives an e-mail from a sender claiming to be a bank employee. The e-mail asks the customer to provide personal information and to call a phone number if he or she has any questions. The customer suspects the e-mail might be a phishing attempt. Which of the following responses is most likely to be a privacy risk for the bank customer?a) Calling the bank at its official phone number to ask whether the request for personal information islegitimateb) Calling the phone number given in the e-mail and providing the personal information over the phonec) Checking that the domain name of the sender’s e-mail address is associated with the bankd) Conducting aWeb search to see if other people have received similar requests for personal information
The most likely response by the customer that will be a privacy risk is b) Calling the phone number given in the e-mail and providing the personal information over the phone.
How can you avoid Phishing?Phishing refers to attempts by criminals to steal your personal information and use it to drain you financially.
In order to avoid them, never give your personal bank details over the phone because your bank will never ask for that, and don't communicate with anyone who asks for these details.
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Equipment with a book value of $82,000 and an original cost of $169,000 was sold at a loss of $36,000. Paid $106,000 cash for a new truck. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000. Stock investments were sold for $95,600 cash, yielding a gain of $14,000. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
The net cash flow from investing activity is equal to $450,600.
What is Investing Activity?The investing activity is regarding the purchase and sale of long-term assets. The sale of long-term assets is added to the cash flow, on the other hand, the purchase of fixed assets is deducted from the cash flow.
Cash flow from Investing activity:
Sale proceeds from equipment (Book Value - loss) $46,000
Purchase of new truck -$106,000
Sale of land $415,000
Sale of Stock investments $95,600
Net cash flow from investing activity $450,600
hence, the net cash flow from investing activity is equal to $450,600.
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Amari and his four best friends decided they would save up and get tickets to see their favorite basketball team play in a nearby city for spring break of their senior year of high school. during his junior year, he started saving money for the big trip. what type of financial goal is this?
a) short term goal
b) mid-term goal
c) long-term goal
d) emergency expense
During his junior year, he started saving money for the big trip. This type of financial goal is called a mid-term goal. Thus, option B is correct.
What is a financial goal?A financial goal can be defined as the target or how the money will be managed. It is dependent on the money you earn, expenses, saving, or investing. A person form or an individual can set his or her own financial goal depending upon their requirement of a financial goal is pension planning.
As Amari and his friends decided that they needed money for their future plan that is not in the immediate time but would take some months that means that they're planning a midterm goal.
Even though they might take more time to actually accomplish relatively brief targets, midterm goals frequently have a smaller schedule than long-term aims. Therefore, option B is the correct option.
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Andre completed a job interview two days ago. He thought it went really well, but he hasn’t heard back from the company. Thinking back to the final moments of the interview, Andre tries to recall whether the interviewer gave him a timeline of when he could expect an answer. Explain how Andre might express his interest without indicating that he has forgotten some of the conversation.
Answer:
It would be best if he were to call the company and ask for an update on his employment from the interviewer that he had. Even if they gave him a timeline, it still looks good on him. He could also tell them that he had forgotten that piece as well, if he wanted. Employers want hard-working, dedicated, and HONEST workers. Honesty will always take you a long way.
An employee at a chemical company noticed that several of the security personnel at the company allowed tankers to be filled over the legal limit with highly flammable gases. The employee gathered evidence of such instances and presented it to senior management. A few months later, the company had not acted, and the employee contacted the Occupational Safety and Health Administration. Less than a week later, the company fired him. Assuming that the employee had not had disciplinary issues and wanted to file a claim alleging he was wrongfully discharged, what would be the strongest basis for his claim
The strongest basis for his claim is that he was disciplined for doing what the law requires.
What is a claim?It should be noted that a claim simply means the stance of an individual or perspective regarding an issue.
In this case, strongest basis for his claim is that he was disciplined for doing what the law requires. Therefore, he should not be wrongfully discharged.
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When demonstrating 2023 leaf’s smooth acceleration, what should you point out?.
We will point out the following about the smooth acceleration features:
mild response in Eco modelhow quickly and smoothly LEAF accelerates in DriveWhat is the smooth acceleration?This is a features in the vehicle that allows for a smoother accelerating experience for the drivers
Therefore, we will point out the mild response in Eco model and how quickly/smoothly LEAF accelerates in drive when demonstrating the 2023 leaf’s smooth acceleration.
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A production possibilities curve (PPC) illustrates the attainable combination ______. Multiple choice question. of two goods that can be produced given a specific set of resources of two goods that can be produced given a limited amount of income of two goods that can be produced given an unlimited amount of resources of many goods that can be produced given an unlimited amount of resources
A production possibilities curve (PPC) illustrates the attainable combination of A. of two goods that can be produced given a specific set of resources.
What is production possibility curve?It should be noted that the production possibility curve is important as it's used to improve efficiency and avoid wastage of resources.
In this case, a production possibilities curve (PPC) illustrates the attainable combination of two goods that can be produced given a specific set of resources.
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An offering of fractional interests in oil and gas programs would be registered in a state by: A Filing B Coordination C Qualification D Any of the above
Any offering of fractional interests in oil and gas programs are required to be registered in a state by qualification.
Why are people's qualification required?This is because there are many frauds selling these securities to investors, hence, the state law is written to make sure that these offerings get the most stringent review before they can be sold in a State.
Hence, because of this, any offering of fractional interests in oil and gas programs are required to be registered in a state by qualification.
Therefore, the Option C is correct.
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________ involves highly trained employees known as Champions, Master Black Belts, Black Belts, and Green Belts.
Champions, Master Black Belts, Black Belts, and Green Belts are highly trained employees required in six sigma.
What is Six sigma?
Six Sigma is a tool of management and procedures aimed at increasing the capabilities of a business process by lowering the risk of error. Six sigma is a data strategy to defect elimination, failure reduction, and enhancement of the profitability that employs a statistical technique.
Six sigma basically works on some main principles which include focusing on the customer as the customer is considered the king of the market. It helps to identify the areas of problems and wastage of resources and helps to improvise them.
It works on the resolution of issues once the issue gets identified in real-time to avoid any differences in the result and eliminates the elements which decrease customer value.
The concept of six sigma is introduced to bring change in the system through innovation and technology.It encourages flexibility in working by efficient techniques and optimum utilization of resources.
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Have a clearance of how many inches in the left side of a vehicle
____________________________________ tries to welcome participation by all organizational members and to view each person as valuable to the organization instead of focusing primarily on productivity. Systems Perspective Bureaucratic Management Scientific Management Human Resources
Human Resources Management welcomes participation by all organizational members and views each person as valuable to the organization instead of focusing primarily on productivity
What is Management?This refers to controlling and organizing people and things for better and more effective productivity or output.
Hence, we can see that there are different types of management, and based on this, they have varied characteristics, but the kind of management that focuses on individuals, rather than productivity is human resources.
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A Chicago-based company decides to outsource all product designs to Singapore because it has been found to have the most efficient design companies. In this situation, the Blank______ implication for international business is being considered. Multiple choice question. first-mover location policy trade
In this situation when the company outsources its products the location implication for international business is being considered. Thus the correct answer is B.
What is outsourcing?Outsourcing is a technique in which a corporation contracts a third party to perform activities, manage operations, or offer services. These outsourcing companies will provide efficient work to the clients.
It arranges its own employees or computer systems to complete the tasks or provide the services, either on-site facilities or at off-site facilities locations.
These outsourcing services will help the business to lower the cost by outsourcing activities from countries where there is the availability of cheap manpower or skilled employees.
These will help to improve the productivity of a business by access to skilled resources and advanced technology. These will improve the efficiency and core competencies of the business.
Therefore, option B location is the correct answer.
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Last year, talent show tickets were sold for $11 each and 400 people attended. it has been determined that an increase of $1 in ticket price would cause a decrease in attendance of 20 people. what ticket price would maximize revenue
Answer:
Explanation:
4800 - 300 ppl $16
or
4800 - 320 ppl $15
Your organization has been developing a new product for the last three years. The technical specifications of the product were leaked before the product's official release. As a result of the leak, your company's main competitor is changing the specifications of their own product, releasing it earlier than your product, and planning on acquiring the manufacturer your company uses to create vital digital circuits. News of the competitor's plans has caused the majority of investors to pull their funding from your company. Based on typical commercial data classification levels, which data classification level was breached
Based on commercial data classification levels, it is correct to say that the sensitive data level has been breached.
What is the data sensitive level?Corresponds to data breaches that would negatively impact a business, jeopardizing operations and market positioning, such as leaking financial and intellectual property data.
Therefore, information security must be a criterion to be achieved in organizations and all their processes to avoid consequences of a data leak.
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As part of the consent process, the federal regulations require researchers to: provide a list of the irb members who reviewed the protocol. describe penalties that may be imposed for non-participation. provide potential subjects with information at the appropriate reading comprehension level. recommend that potential subjects discuss their decision to participate with family members.
As part of the consent process, the federal regulations require researchers to D. recommend that potential subjects discuss their decision to participate with family members.
What is research?It should be noted that research simply means the inquiry that's given about a piece of particular information.
In this case, as part of the consent process, the federal regulations require researchers to recommend that potential subjects discuss their decision to participate with family members.
The complete question is:
As part of the consent process, the federal regulations require researchers to:
provide a list of the IRB members who reviewed the protocol. describe penalties that may be imposed for non-participation. provide potential subjects with information at the appropriate reading comprehension level. recommend that potential subjects discuss their decision to participate with family members.Learn more about research on:
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Kevin and Maria Rossi live in Swarthmore, PA. Maria's father, Rajiv, lives in Sweden.For each of the following transactions, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.Note: A product’s inclusion in one category does not necessarily imply that it is excluded from other categories.Transaction C I G X MThe state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Kevin's employer upgrades all of its computer systems using U.S.-made parts. Maria gets a new video camera made in the United States. Rajiv in Sweden orders a bottle of Vermont maple syrup from the producer's website. Kevin buys a sweater made in Guatemala.
The component of the GDP includes consumption, investment, government purchases, exports, imports.
The drop-down for the given list includes:The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - Government Purchase.Kevin's employer upgrades all of its computer systems using U.S.-made parts. - Investment.Maria gets a new video camera made in the United States. - Consumption.Rajiv in Sweden orders a bottle of Vermont maple syrup from the producer's website. - Exports.Kevin buys a sweater made in Guatemala. - Consumption & Imports.Read more about GDP
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uncertainity avoidanceIn Denmark, the personal income tax rate is 55 percent. One of the reasons workers are willing to pay this is because they know they will reap the benefits later in the form of free health care and a universal pension in retirement. According to Geert Hofstede, what cultural dimension does this most illustrate
Based on Geert Hofstede, the cultural dimension does this most illustrate Long term vs Short term orientation.
What is Long-term orientation versus short-term orientation?This is known to be part of the five cultural dimensions stated by Geert Hofstede.
Note that Cultures that shows a long-term orientation tells about the preparation for the future and the cultures that depicts a short-term orientation are very much concerned with short-term needs.
Therefore, Based on Geert Hofstede, the cultural dimension does this most illustrate Long term vs Short term orientation.
See options below
According to Geert Hofstede what cultural dimension does this most demonstrate?
uncertainty avoidance
Dance concession
social mobility
Long term vs Short term orientation.
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