Execute is not one of the guidelines for effective change management i.e. 5 step change management model.
What Exactly Is a Change Management Model?Concepts, theories, and approaches used in change management models offer an in-depth approach to organizational change. They are meant to serve as a manual for implementing changes, navigating the transformational process, and guaranteeing that changes are accepted and put into action. The underlying assumption is that for successful change to occur, the following five components must be present: vision, skills, incentives, resources, and an action plan.
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What is the meaning command economy?
A command economy is an economic system in which all or most major economic decisions are made by the government. This includes decisions regarding the production and distribution of goods and services, investment, pricing, and even resource allocation.
Government will often set prices and quantities of output and direct the activities of businesses and other organizations. This type of economic system is common in countries with a strong central government, such as China, North Korea, and Cuba. This is in contrast to a market economy in which production, pricing and investment decisions are based on the decisions of individual consumers and producers.
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1.Limitations of the _______ budgeting method include not allowing firms to exploit the unique opportunities or problems they confront in a market. If all competitors use this method to set communication budgets, their market shares will stay approximately the same over time.
Companies are unable to take advantage of the unique opportunities or challenges they face in a market because of the competitive parity budgeting method's limitations.
In VRIO, what is competitive parity?If a lot of people in an industry have access to a certain valuable resource, they can all use it in the same way. Then, using that resource, none of the players gain a competitive advantage. Competitive parity or competitive equality refers to this circumstance.
In business, what does parity mean?The condition in which two things are equivalent to one another is referred to as parity. As a result, it can be used to refer to two securities of equal value, such as the value of a stock and a convertible bond (if the bondholder chooses to convert the bond into common stock).
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A manual warewashing sink is require red to be equipped with hot and cold water , detergent , a method to sanitize , and a?
A manual warewashing sink is essential for food preparation and cleaning. It must be equipped with hot and cold water, a detergent solution, a method of sanitizing, and a drain.
These components are essential for effective and hygienic cleaning. The detergent solution should be strong enough to remove food residues and other contaminants, while the sanitizing method should be able to kill any potential bacteria.
Hot water should be available for rinsing and to help dissolve the detergent. The drain should be large enough for all materials to be efficiently removed.
To ensure the highest level of hygiene, a manual warewashing sink needs to be equipped with both hot and cold water, as well as a detergent and a method of sanitization. By doing this, you can ensure that all dishes, utensils, and other items used in the kitchen are thoroughly and safely cleaned.
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The following information was taken from Cody Co. ’s accounting records for the year ended December 31, year 2:
Decrease in raw materials inventory
$ 15,000
Increase in finished goods inventory
35,000
Raw material purchased
430,000
Direct labor payroll
200,000
Factory overhead
300,000
Freight-out
45,000
There was no work in process inventory at the beginning or end of the year. Cody’s year 2 cost of goods sold is
a. $895,000
b. $910,000
c. $950,000
d. $955,000
The Cody’s 2-year cost of goods sold (COGS) is $910,000
What is COGS?The direct cost of producing a company's goods is known as its cost of goods sold (COGS). It is a significant line on your income statement that can provide you with a wealth of information regarding your business's financial expenditures , effectiveness, and profitability. Depending on how much product you manufacture, COGS may include expenditures for labour and raw materials. It excludes indirect expenses like office fees, executive salaries, and expenditures costs that the company must pay regardless of the volume of goods produced. The following formula is used to determine COGS: Cost of goods sold (COGS) is equal to the cost of raw materials, labour, and any other direct costs incurred during the time.
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relation between education and profession in point
An education is a prerequisite for having a vocation. No matter what your profession is, you will learn a lot of things that will be useful to you in it.
An internship itself counts as education. When you first start out working with someone, that person is teaching you how to do the job you want to do. Prepare yourself for a lot of study if you intend to pursue a career as a doctor or lawyer. To prepare for any career, you must have at least a basic education. Read, write, multiply, divide, and other skills are necessary to ensure that you aren't at least slightly underpaid. You will not be successful without some sort of education. When you first start out working with someone, that person is teaching you how to do the job you want to do. Prepare yourself for a lot of study if you intend to pursue a career as a doctor or lawyer. You must have at least a fundamental education to be ready.
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g Many impoverished nations struggle with diseases like malaria. How would a reduction in or elimination of malaria contribute to long-run economic growth
The reduction in malaria would cause better health prospect for the individuals who are working towards nation building in some or the other way.
It is well known that a healthy body will provide healthy results rather than a person who is trying to work all day but is sick. It is because when the mind and body are healthy, they look for productivity and creativity which are the stars of developing towards better goals. A working adult who is healthier misses fewer days of work and is thus more productive. Same is for the child, who is able to perform well in exams and sports only because of good health. Thus, nation building relies on healthy individuals who act as assets. Malaria degrades the health of many individuals and so reducing such diseases which traps many people in one go must be eliminated as soon as possible.
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What are 5 things you should do before buying a home?
The 5 things you should do before buying a home are the following:
The house's location.The dimensions of the lot.The amount of bedrooms.Quantity of restrooms.cost of the home.What is crucial when purchasing a new home?From the building materials used to the finishing touches, a home's quality will determine how enjoyable it is to live in. A perfect home must have practicality, aesthetics, and performance, as well as durability and value for money, to last for several lifetimes.
When buying a house, what are the three most important factors?To determine how much house you can afford to buy, you should look at your income, savings (for a down payment and closing costs), and recurring debt. The standard for a debt-to-income (DTI) ratio of 43 percent is a good starting point for getting a mortgage loan and being able to pay it back.
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Which of the following is NOT an element used to compute crash cost per period?
A. crash cost
B. optimistic time
C. standard time
D. crash time
Optimistic time is is not an element used to compute crash cost per period.
What is Optimistic time?
Optimistic time is a type of scheduling technique used in project management. It is the estimated time required to complete a task, based on the most favorable conditions. It is usually calculated by taking into account the most optimistic assumptions, such as perfect conditions, no delays, and no unforeseen obstacles. This type of estimation is used to set a realistic deadline for a project and to help manage expectations.
What is Crash cost ?
Crash cost is the increased cost associated with completing a project in a shorter period of time than originally planned. It typically involves additional staff, resources, and overtime to complete the project quickly.Crash cost is a common strategy for overcoming project delays, but it can also be used to meet aggressive project deadlines. The cost of crashing is usually much greater than the cost of completing the project on time, so it should be used judiciously.
Therfore the correct option B. optimistic time.
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Determining the most socially desirable level of income equality or inequality Group of answer choices is done directly by firms involves evaluation of public goods involves evaluation of all externalities, both positive and negative is done through markets, rather than by government involves normative economics
Determining the most socially desirable level of income equality or inequality is an issue involving normative economics.
What is income equality?Income equality is the concept of economic equality, where individuals within a society or group have the same amount of income or wealth. It is the opposite of income inequality, where some individuals have greater income or wealth than others.
It requires making a judgment about what is right or wrong, good or bad, when it comes to income distribution. This is usually done through markets, rather than by government, as markets are better equipped to take into account externalities, both positive and negative, and public goods. Ultimately, the decision about the most socially desirable level of income equality or inequality is done directly by firms, based on their own evaluation of the situation.
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Customer Wants To Increase His Storage Capacity By 25 GB. Which Would Yield The Highest Performance
The response is "SSD-25GB," and its subsequent computation is as follows: A hard drive is the most recent type of computer storage device (SSD). It makes use of a flash memory.
In the hierarchy of computer storage, a solid-state drive (SSD) is a solid-state storage device that employs integrated circuit assemblies to store data persistently, generally utilising flash memory. Despite the fact that SSDs lack the physical spinning discs and moving read-write heads used in hard disc drives (HDDs) and floppy discs, they are also commonly referred to as semiconductor storage devices, solid-state devices, or solid-state discs. SSDs have a lot of intrinsic parallelism for processing data. SSDs tend to be more shock-resistant, quiet, and offer greater input/output speeds and lower latency than hard disc drives and other electromechanical media that require moving components.
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If the number of labor force participants equals 146.8 million people and 8.2 million are unemployed, how many are employed
The Employed Population is computed at 138.6 Million.
The definition of employment rate is the percentage of the labor force that is employed. They are calculated as the proportion of people who are employed to people who are of working age. The economic cycle has an impact on employment rates, but over the long run, higher education, income support, and policies that encourage women and underrepresented groups in the workforce have a substantial impact.
Given Data:
Labor Force = 146.8 Million
Unemployed Population = 8.2 Million
Using the following formula, we can calculate the Employed Population:
Labour Force = Unemployed Population + Employed Population
146.8 = 8.2 + E
E = 146.8 - 8.2 = 138.6
Therefore, the Employed Population = 138.6 Million.
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Suppose Ruston Company has the following revenue and expenses for 2020: Revenues of $7,800,000 Cost of Goods Sold of $1,560,000 Depreciation Expenses of $700,000 Income Taxes of $1,676,000 Interest Expenses of $70,000 Other Expenses of $500,000 Sales, General, & Administrative Expenses of $780,000 Create an income statement with amounts in thousands What is the value of Net Income? Note: Revenue and expense amounts are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the income statement (i.e., enter the number from your completed income statement).
Net Income on the income statement is $4,190,000 in thousands of dollars.
Explain about the revenue and expenses?Earnings from the sale of a company's primary goods or services are referred to as revenue. A cost incurred when producing or offering a crucial business service is referred to as an expense.
The phrase "revenue expenditure" refers to charges made by an organization in the course of routine business activities, the benefit of which will be realized in the same time frame. Examples include the cost of living, utilities, salaries, insurance, commissions, and manufacturing.
Expenses are what a company pays to run its operations. Expenses include things like pay, benefits, rent, upkeep, and depreciation. Revenue is deducted from expenses to arrive at profits.
Calculating total expenses is as follows:
$1,560,000 + $700,000 + $1,676,000 + $70,000 + $500,000 + $780,000 = $5,286,000
Pre-tax income is calculated using the following formula:
Income - Expenses (excluding income tax expense)
$7,800,000 - $3,610,000 = $4,190,000
To determine net income, use the following formula:
Income - Expenses
$7,800,000 - $5,286,000 = $2,514,000
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The entry to transfer a net loss to the owner's capital account would include a debit to
A) the owner's capital account and a credit to Cash.
B) the owner's drawing account and a credit to the owner's capital account.
C) Income Summary and a credit to the owner's capital account.
D) the owner's capital account and a credit to Income Summary.
A debit to (D) the owner's capital account and a credit to Income Summary make up the entry to transfer a net loss to the owner's capital account.
The Owners Capital Account is what?The equity account that appears on a company's balance sheet is called an owners capital account. It indicates the total ownership stakes that investors hold in a company. This account holds the owners' investment in the company as well as the net income it generates, which is then decreased by any draws made to the owners.
Only through the end of the prior fiscal year will the data in the owners capital account be fully current. The following transactions will be added to temporary accounts for the current year.
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Number of days a taxpayer is allowed to extend the time to petition the tax court?
As per Section 249( 2), the appeal should be presented within 30 days of the following date( a) Where the appeal relates to any assessment or penalty, the date of service of Notice of Deficiency relating to the assessment or penalty.
The Notice of Deficiency IRS Letters 3219 and 531( also appertained to as 90- Day Letters) is a taxpayer's legal notice that the IRS is proposing an insufficiency( balance due). This notice or letter may include fresh motifs that haven't yet been covered.
A Notice of Deficiency is also known as a 90- Day Letter. occasionally it's called a" ticket to the Tax Court." It's the last letter that the IRS must shoot to all taxpayers in income and estate duty cases before the IRS can begin collecting the duty.
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Which type of market is the one in which a person buys their favorite breakfast sandwich at a fast-food drive thru?
A) Product market
B) Factor market
C) Financial market
D) Closed market
The type of market is the one in which a person buys their favorite breakfast sandwich at a fast-food drive-thru is the Financial market. Thus the correct option is C.
What is Financial Market?Any market which provides a platform to perform trading activities like buying and selling goods and services by getting something in exchange using various modes of currency is referred to as a Financial market.
It is the market where customers purchase their choice of product as stated in teh question about the purchase of sandwiches from their favorite fast food centers.
Therefore, option C is appropriate.
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If the CPI was 108.00 in 1942 and is 336.96 today, then $10 in 1942 purchased the same amount of goods and services as a. $2.57 purchases today. b. $31.20 purchases today. c. $38.89 purchases today. d. $28.89 purchases today.
If the CPI was 108.00 in 1942 and is 336.96 today, then $10 in 1942 purchased the same amount of goods and services as $31.20 purchases today.
A consumer price index is a price index that measures the cost of a weighted average market basket of consumer products and services purchased by households. Variations in the measured CPI reflect changes in pricing over time. A CPI is a statistical estimate based on the prices of a sample of typical products whose prices are gathered on a regular basis.
Sub-indices and sub-sub-indices for various categories and sub-categories of products and services can be computed and aggregated to generate the overall index, with weights indicating their portions of the total consumer expenditures covered by the index. It is one of numerous price indexes calculated by most national statistics organizations.
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Is 5 years a long-term investment?
Yes, 5 years is a long-term investment.
While the length of a long-term investment is subjective, generally speaking, a five-year investment could be considered a long-term investment.
For starters, a long-term investment typically involves diversification and a more passive approach to trading. This means that you're not day trading or trying to time the market, but instead, you're taking a more conservative approach and looking to hold your investments for a longer period of time. Five years is certainly enough time to allow for the market to work in your favor, allowing you to see a return on your investment.
Another key factor to consider when determining if a five-year investment is considered a long-term investment is the interest rate. Many investments will offer a higher interest rate if you commit to a longer-term investment, and five years is often long enough to qualify for these higher rates. This can help you maximize your return on investment in the long run.
All in all, a five-year investment can be a great way to commit your money to a long-term investment while still having the flexibility to access it should you need to. With the right strategy and the right investments, a five-year investment can certainly be a long-term investment.
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The design for the new electric car had been approved by the board and production was underway, but the VP of Manufacturing was nervous about the rate of defective parts from suppliers. See the screenshot below. What function can be used to summarize the number of defects by subassembly name by month in the cells G3 LB? Assume the three columns of the dataset have been named Subassembly Name, Month and Defects. D G 1 jan Feb March April May une Subably Name Master Cylinder Master Cylinder Wheb Master Cylinder LED Army LED bly Month May Feb March an une March Defects 22 14 90 45 23 87 Master Cylinder Wheel Hub LED Assembly Air Cockpit Monitor Locking June Cockpit Monitor May 38 29 33 71 14 Masterinde March une Marc Fe ht 1 Cockpit Lic Maler de 61 45 23 5 Mars 40 12 TE GESUBTOTAL(9 Defects Month GS2 Subassembly Name SF3) H lan Feb March April mer June blom 2 Master Minder Master Cylinder Wheel Hub Master Cylinder 6 LED Asembly LED Assembly Nrba 9 Airbag 10 Cockpit Monitor 11 Airbus 12 Master Cylinder Month May Feb March Jan June March Defects 22 14 90 45 23 87 SS 38 29 33 71 Merder Wheel LED Asembly Art Cockpit Monitor Locking June April May June March June March Feb Feb June March Feb Eeb und April 15 Airbag It Cockpit Monitor 1+ locking System T Master Cylinder 19 Locking System 20 Lacking System 1 LED bly Locking System Cockpit Monitor Locking System Arbag Wheel HD GH 45 23 81 40 125 43 76 March 58 41 =SUBTOTAL(9, Defects, Month G$2 Subassembly Name SF3) -SUMIF(Month=G$2 Subassembly Name=SF3 Defects) =SUMIFS(Defects Month G$2 Subassembly_Name SF3) =AUTOSUM (Defects Month=G$2 Subassembly Name=$F3)
The design for the new electric car had been approved by the board.The function can be used to summarize by month in the cells G3 LB =SUMIFS(Defects, Month, G$2, Subassembly_Name, $F3).
Option C is correct.
SUMIFS function:A function called SUMIFS is used to sum cells that meet multiple criteria. When dates, numbers, and text-based criteria are met by adjacent cells, SUMIFS can be used to sum the values. The SUMIFS function is the most suitable one to use because defects contain numerical values while subassembly names and months contain characters.
The numerical data set, not the textual dataset, is summarized using the subtotal and autosum functions. The total number of cells that satisfy a single condition is returned by Excel's SUMIF function.
How is a Sumifs formula written?The SUMIFS function is a pre-made Excel function that uses one or more true or false conditions to determine the sum of a range. It is written as =SUMIFS: =SUMIFS(sum_range, criterion_range1, criterion_range1, [criterion_range2, criterion 2])
Question is incomplete . Missing options are below:
The design for the new electric car had been approved by the board and production was underway, but the VP of Manufacturing was nervous about the rate of defective parts from suppliers. See the screenshot below. What function can be used to summarize the number of defects by subassembly name by month in the cells G3 LB? Assume the three columns of the dataset have been named Subassembly Name, Month and Defects. D G 1 jan Feb March April May une Subably Name Master Cylinder Master Cylinder Wheb Master Cylinder LED Army LED bly Month May Feb March an une March Defects 22 14 90 45 23 87 Master Cylinder Wheel Hub LED Assembly Air Cockpit Monitor Locking June Cockpit Monitor May 38 29 33 71 14 Masterinde March une Marc Fe ht 1 Cockpit Lic Maler de 61 45 23 5 Mars 40 12 TE GETSUBTOTAL(9 Defects Month GS2 Subassembly Name SF3) H lan Feb March April mer June blom 2 Master Minder Master Cylinder Wheel Hub Master Cylinder 6 LED Assembly LED Assembly Nrba 9 Airbag 10 Cockpit Monitor 11 Airbus 12 Master Cylinder Month May Feb March Jan June March Defects 22 14 90 45 23 87 SS 38 29 33 71 Merder Wheel LED Assembly Art Cockpit Monitor Locking June April May June March June March Feb Feb June March Feb Eeb und April 15 Airbagit Cockpit Monitor 1+ locking System T Master Cylinder 19 Locking System 20 Lacking System 1 LED bly Locking System Cockpit Monitor Locking System Airbag Wheel HD GH 45 23 81 40 125 43 76 March 58 41
Option are given below:
A. =SUBTOTAL(9, Defects, Month G$2 Subassembly Name SF3)
B. = SUMIF(Month=G$2 Subassembly Name=SF3 Defects)
C. =SUMIFS(Defects Month G$2 Subassembly_Name SF3)
D. =AUTOSUM (Defects Month=G$2 Subassembly Name=$F3)
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If 42 percent of all people working in the United
States are baby boomers, how many were working in
2008? If 15 percent of the baby boomers retire in 10
years, how many jobs will this represent from 2008
employment?
Answer:
Hey there! In 2008, 42% of all people working in the United States were baby boomers. If we assume that this percentage remained constant over time, then this would represent the same number of baby boomers working in 2008 as in any other year. If 15% of baby boomers retire in 10 years, this would represent 15% of the total number of baby boomers working in 2008. To calculate the number of jobs that this represents, we would need to know the total number of baby boomers working in 2008. Without this information, it is not possible to accurately determine the number of jobs that will be lost due to baby boomer retirements in 10 years.
________________________________________________________
What measures can be taken to address the potential challenges and opportunities posed by the retirement of baby boomers?Measures that can be taken to address the potential challenges and opportunities posed by the retirement of baby boomers include promoting the hiring and retention of older workers, providing training and development opportunities for younger workers, and implementing policies that support work-life balance and flexible work arrangements. Other strategies might include developing strategies to address potential skills shortages, promoting the use of technology to enhance productivity and efficiency, and encouraging the development of new businesses and industries.
How does the percentage of baby boomers in the workforce compare to the percentage of other age groups in the workforce?The percentage of baby boomers in the workforce is likely to vary depending on the specific time period and the specific age group being considered. In general, however, the percentage of baby boomers in the workforce may be higher than the percentage of other age groups, as baby boomers are a large and influential generation that has had a significant impact on the labor market. The percentage of baby boomers in the workforce may also be influenced by factors such as economic conditions, employment trends, and retirement policies.
To honor your instructor in ECON 310, you have decided at graduation to endow a professorship in engineering economics that pays $300,000 per year in perpetuity (i.e., forever). If accounts at the UM Foundation earn 4% interest, you will have to make a lump-sum gift of __________ to achieve your goal. A. $8,625,000 B. $11,856,322 C. $6,325,000 D. $7,500,000
You will have to make a lump-sum gift of D. $7,500,000 to achieve your goal.
This can be computed as,
300,000 × (1/.04)
As opposed to a series of payments made over time, a lump sum payment is a one-time, sizable quantity of money provided to an employee. Due to the fact that the entire amount of money is being paid up front, lump sum payments have a lesser value when they are used to purchase goods or services.
Your financial situation will be more in your hands if you receive lump sum payments because you will have more freedom to spend or invest your money however you see appropriate. According to studies, pensioners who get a monthly pension payment are more likely to keep up their current level of expenditure than retirees who receive lump-sum benefits. A lump amount is a single payment.
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What are 3 characteristics of an effective budget?
Budgets should account for your discretionary spending on individual financial goals in addition to outlining how much wealth you have coming into it and going out each month.
Budget - what is it?Estimating the total revenue and expenditures for the upcoming fiscal year is a necessary step in the budget-making process. This figure may then be divided into a number of divisions, such as quarters and months, for continuing evaluation.
What do budget categories entail?Each budget is created in accordance with the organization's present financial situation. Here are a few illustrations of fundamental budgets: This budget also goes by the moniker red flag budget. The company has created a basic budget.
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in most organizations, the ____ department is responsible for output control and security measures.
The IT department is typically in charge of output control and security measures in most organizations.
What are IT organization?An IT organization (information technology organization) is a company's department in charge of establishing, monitoring, and maintaining information technology systems and services.
The information technology department is concerned with all aspects of information retrieval, storage, and processing via a system. The information security department is in charge of preventing unauthorized access to information.Both departments should report to the same department head in order to maintain collaboration and proper functioning?As both departments work in the information field, they can stay updated, secure, and assisted to gather and help each other in this manner.Separate reporting of both departments to different heads can lead to confusion, security risks, dysfunctional working, and other risks.As a result, both departments should report to the same department head.
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Which challenge requires the instructor to work with superiors to affect change within organizations
Our feelings about learning and how they change as we move from a low-order process like listening to a higher-order process like resolving a problem are all part of the affective learning domain.
Why are there three learning domains?Teachers play a crucial role in the teaching process by creating and delivering lessons. Teachers must therefore ensure that students achieve the three learning domains of cognitive (thinking), affective (emotions or feelings), and psychomotor (physical or kinesthetic).
In Krathwohl's affective domain, which of the five levels best explains each level?From the lowest to the highest level, there are five levels in the Affective Domain Taxonomy: receiving, responding, valuing, putting together, and describing (Krathwohl et al., 1964; Anderson and others, 2001).
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Beeline Inc. offers entrepreneurs the opportunity to operate a franchise under the Beeline trade name as a dealer that sells and leases Beeline equipment. To potential franchisees, Beeline must provide Group of answer choices none of the choices. projected earnings figures. no earnings figures. hypothetical earnings figures.
To potential franchisees, Beeline must provide projected earnings figures. An analyst's projection of future quarterly or yearly profits per share for a publicly traded firm is known as an earnings estimate (EPS).
In order to evaluate a company's performance and make investment decisions concerning it, investors significantly rely on earnings predictions. Consensus earnings estimates are the average or median projections made by a group of analysts regarding the profits or losses a firm is anticipated to experience over a specific time period, usually quarterly and annually. When something is foreseen or estimated, or when sections of something go beyond the rest, as in the case of projected pillars that rise past a building's roof.
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If Sam can chop up more carrots per minute than Joe can, then Group of answer choices Joe must have a comparative advantage in carrot chopping Sam has an absolute advantage in carrot chopping Joe has an absolute advantage in carrot chopping we can conclude nothing about absolute advantage Sam must have a comparative advantage in carrot chopping
The phrase with the misplaced modifier is at the counter, the chef cut the carrots.
The phrase with the misplaced modifier is at the counter, the chef cut the carrots. What do sentence modifiers do. Modifiers are words, phrases, and clauses that affect a sentence's meaning and frequently make it better. With the addition of modifiers, sentences become more detailed, interesting, and focused. The simplest kind of modifier is an adjective or an adverb. A hanging modifier is a type of ambiguous language construction where a syntactic modifier may be taken to mean something different from what was intended. The chef cutting the carrots while seated at the counter is the sentence with the misplaced modifier. A misplaced modifier is a word, statement, or proviso that is inappropriately detached from the term it adjusts/depicts. On account of the dissociation, statements with this mistake typically sound strange, ludicrous, or perplexing.
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Which of the following is an advantage of joint ventures as a mode of entry into foreign markets?
A) The foreign firm does not have to bear any development costs and risks associated with opening a foreign market.
B) The foreign firm can protect its technology from being appropriated by its local partner.
C) It gives a firm tight control over subsidiaries, which enables it to realize experience curve or location economies.
D) There is less cause for friction and conflict between the foreign and local partners.
E) The foreign firm benefits from a local partner's knowledge of the host country.
The foreign firm can protect technology from being appropriated by its local partner is an advantage of the joint ventures as mode of entry into foreign market.
What is a joint venture?A joint venture (JV), a business entity created by two or more partners, is characterised by shared ownership, shared returns and risks, and shared governance. According to Gerard Baynham of Water Street Partners, despite a lot of negative headlines, joint ventures may actually outperform wholly owned and controlled affiliates. But some joint ventures, like those in the oil and gas industry, are "unincorporated" joint ventures that look and operate like corporations. This partnership may also be known as a joint venture and the participants are referred to as "co-venturers" when two or more persons temporarily come together to form it for the purpose of carrying out particular project.
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What are the 3 most common economic systems ?
The three main types of economic system are: free market, command, and mixed.
Free-Market Economies
In this type of economic system businesses and individuals have the freedom to pursue their own economic interests. It is often called capitalist economy. Here buying and selling goods happens on a competitive market. And the market here defines a fair price for goods and services.
Command Economy
It is also known as a Centrally Planned Economy because the central, or national, government plans the economy. Basically, communist states have command economies.
Mixed Economy
This system combines elements of free-market and command economies.
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When a glove manufacturer in China is allowed to sell only a certain number of plastic gloves in Japan, that firm is facing a(n): Answer options embargo restrictive product standard tariff quota
When a glove manufacturer in China is allowed to sell only a certain number of plastic gloves in Japan, that firm is a balance of trade restriction.
A tariff, sometimes known as an import tax, is the most prevalent trade barrier. Due to tariffs, imported items are more expensive than domestic ones (goods produced at home). Government subsidies to a specific home industry are another frequent trade obstacle.
Producing those things is less expensive thanks to subsidies than it is for export. A trade restriction is a manufactured barrier to cross-border trade in products and/or services. It results from protectionism.
There are four different sorts of trade restrictions that nations might enact. Subsidies, anti-dumping taxes, governmental restrictions, and voluntarily imposed export restrictions are the four primary categories of trade obstacles.
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Fez enters into a contract to buy 350 acres from Grain Farm to cultivate hops and open a brewery. Fez fails to make the purchase. Grain Farm's remedy is most likely
Based on the fact that Falz failed to make the purchase, Grain Farm most likely has the remedy of C ) Pay the difference between the contract price and market price.
What is a Grain farm to do?When a buyer (Falz) gets into an agreement to buy land or property and fails to do so, this falls under real estate and damage.
Under real estate and damage, the buyer would then have to pay the seller (Grain Farm) a remedy which would be the difference between the market price of the property and the contract price.
Options for this question include:
the amount that Faiz expected to invest in the breweryas a percentage of Faiz's unrealized profit.the difference between the contract and market prices of the land.nothing-Grain Farm still owns the land.To learn more about market price, click
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describe one potential approach to reducing the occurrence of the tragedy of the commons in forests.
One potential approach to reducing the occurrence of the tragedy of the commons in forests is to create a system of incentives that encourages sustainable forest management.
This could include providing financial incentives for those who practice sustainable forestry practices; offering access to resources such as grants or loans to help forest owners purchase sustainable forestry equipment; and implementing regulations that ensure the protection of forests, such as limiting the amount of timber that can be harvested or prohibiting the use of certain unsustainable harvesting techniques. By providing these incentives, forest owners have an incentive to protect the forests and the environment, which helps reduce the occurrence of the tragedy of the commons in forests.
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