Since demand is indeed very inelastic and supply is very elastic, consumers will bear the largest portion of the cost of a rubber band tax.
A market supply curve is created by adding the supply curves of various enterprises. The requirement for complete competition in the market is a key principle for understanding the business supply curves. This indicates that there are many participants (companies who make the very same product) on the market and that there isn't a totally dominant company with the power to control prices. The link between supply and demand is essential because it enables to establish the costs and accessibility of the majority of goods and services in a given market. The interplay between supply and demand ultimately balances out in accordance with the tenets of a market economy.
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which form of technology creates tangible prototypes and products?
The form of technology that creates tangible prototypes and products is called additive manufacturing. It is also known as 3D printing.
3D printing is the creation of three-dimensional objects from a digital file. It uses a process called additive manufacturing to make tangible prototypes and products. In additive manufacturing, a material is layered to produce the desired shape, thus creating a three-dimensional object. These materials can include plastics, metals, and even ceramics.3D printing has a wide range of applications, including product design, engineering, and manufacturing. It allows for the creation of complex geometric shapes that would be difficult or impossible to produce using traditional manufacturing methods. Additionally, it is faster and more cost-effective than traditional manufacturing processes, which can require expensive tooling and setup.Additive manufacturing has been used to produce a wide range of products, including jewelry, automotive parts, prosthetics, and even houses. It is a rapidly growing field with many potential applications, and is expected to play an increasingly important role in the manufacturing industry.Learn more about additive manufacturing: https://brainly.com/question/30028356
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what is the first step in selecting a foreign market?
Assessing market potential is the first step in choosing a foreign market. Many publications, including those listed in "Building Global Skills," provide information on population, GDP, per capita GDP, public infrastructure, and ownership of items like cars and televisions.
What does the term "market" mean?A market is a venue where buyers and sellers can come together to facilitate the exchange or transaction of products and services. Markets might be real-world, like a physical store, or virtual, like an online retailer. Other examples include black markets, auction markets, and financial markets. When we refer to the "products market," we mean the entire buying and selling of goods and services. When we refer to the "money market," we mean the interplay between the demand for money and the supply of money (the amount of the money stock), as determined by the Federal Reserve through the banking system.
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which of the following are true of fixed payment loans? a. the borrower repays both the principal and interest at the maturity date. b. installment loans and mortgages are frequently of the fixed payment type. c. the lender defines a fixed time periods to collect payments from borrowers
The true statements are:
a. the borrower repays both the principal and interest at the maturity date.
b. installment loans and mortgages are frequently of the fixed payment type.
Fixed payment loans refer to loans in which the borrower agrees to repay a fixed amount of money at regular intervals, usually monthly, for a specified period of time until the loan is fully paid off. This fixed payment amount includes both the principal and interest due on the loan.
Installment loans and mortgages are common of the fixed payment type. In these loans, the borrower makes the same payment each month until the loan is fully paid off. This provides stability and predictability for the borrower in terms of their monthly expenses, as well as for the lender in terms of the expected stream of payments.
Note: c. the lender defines a fixed time period to collect payments from borrowers is not necessarily true as the time period for collecting payments is often determined by the loan agreement between the borrower and the lender.
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The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
By the monetary unit assumption, how would an accountant view the promotion of good morale in business?
A. as something useful
B. as something important
C. as something useless
D. as something necessary
By the monetary unit assumption, an accountant would view the promotion of good morale in business as something useless. Thus, option 'C' is the correct option.
What is a monetary unit assumption?According to the monetary unit assumption, the dollar's stability should allow for the addition of dollars from various years without the need for any adjustments. The monetary unit assumption is invalidated when the dollar's value changes significantly over time. The fact that U.S. accountants record a corporation's assets as dollar quantities is another aspect of the monetary unit assumption (rather than reporting details of all of the assets).
An asset cannot be recorded in a general ledger account if it cannot be valued in dollars. A particularly successful company's management staff, for instance, can be its most important resource. The accountant, however, is unable to accurately translate those gifted individuals into US dollars.
Therefore, option 'C' is the correct option.
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By the monetary unit assumption an accountant view the promotion of good morale in business as something useless. Option (c) is correct.
What do you mean by Promotion?The term "promotion" covers a wide range of activities designed to increase public awareness or advance a product. Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure.
Companies must only include transaction data that can be stated in terms of money in their accounting records because of the monetary unit assumption. The economic entity assumption mandates that each economic entity's operations be maintained distinct from those of its owner(s) and other economic entities.
Therefore, Option (c) is correct. By the monetary unit assumption an accountant view the promotion of good morale in business as something useless.
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Question 5 of 10
Which of the following is an internal factor?
A. Employee turnover
B. Economic recession
C. Employment laws
D. Interest rates
Answer:
A. Employee turnover
Explanation:
Internal factors refer to the things that are within the organization's control. They are issues or factors unique to a particular organization. Internal factor contrasts with external factors which refer to issues that affect the whole industry and therefore beyond the control of any single organization.
Employee turnover refers to the rate at which employees leave the company, either voluntary or involuntary. Each organization will have a unique employee turnover rate. Employee turnover is, to a large extent, within the organization's control.
If a central bank wanted to increase the money supply, what would it most likely do? a. It would make open-market purchases and raise the bank rate. b. It would make open-market purchases and lower the bank rate. c. It would make open-market sales and lower the bank rate. d. It would make open-market sales and raise the bank rate.
Answer:
b. It would make open-market purchases and lower the bank rate
Explanation:
If the central bank wants to increase the supply of money in the economy it must conduct the purchase of securities in the open market, when the central bank will purchase securities it will offer money to the public in return for the purchase, leading to an increase in the supply of money. The central bank can also decrease the bank rate, a fall in the bank rate will make it cheaper for the commercial banks to lend money, so they will also charge less rate of interest on the loans offered to the public, hence incentivising people to take loans from the bank and thus increasing the supply of money in the economy.
the makers of red bull energy drink want to generate earned media and create associations between the brand and popular culture. which of the following types of media vehicle may be particularly useful in this strategy?
Sponsorship of the Cliff Diving World Series media vehicle may be particularly useful in this strategy.
The Red Bull Cliff Diving World Series is an annual worldwide series of cliff diving competitions that Red Bull founded in 2009. A select group of participants determines the Cliff Diving World Series champion.
Everywhere in Red Bull Cliff Diving World Series, Slingshot Sponsorship created a cutting-edge marketing campaign for a female sports brand with roots in Norway.
Slingshot Sponsorship recognized a huge potential that was being passed up regarding the introduction of women to the event the next year because to the event's massive global viewership.
Slingshot Sponsorship developed a PR campaign around a series of "teaser-dives" from notable spots throughout Norway in the lead-up to the cliff-diving series after forming a collaboration between the female sportswear company Kari Traa and the cliff-diving superstar, Ana Bader.
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Select the whether the FIFO or LIFO inventory costing method normally produces each of the following effects under the listed circumstances. Declining costs.Rising costs
The choice of inventory costing method can have a significant impact on the financial results of a company. The FIFO and LIFO methods should be carefully evaluated based on the specific circumstances and goals of the company.
The FIFO (First-In-First-Out) and LIFO (Last-In-First-Out) inventory costing methods can produce different effects under different circumstances. In the case of declining costs, the LIFO method typically produces higher cost of goods sold (COGS) and lower net income compared to FIFO.
This is because LIFO assumes that the last inventory items purchased are the first ones sold, which means that the COGS reflects the higher costs of those items. On the other hand, FIFO assumes that the first inventory items purchased are the first ones sold, which means that the COGS reflects the lower costs of those items.
Therefore, in a declining cost environment, LIFO leads to higher COGS and lower net income compared to FIFO.
In the case of rising costs, the FIFO method typically produces higher COGS and lower net income compared to LIFO. This is because FIFO assumes that the first inventory items purchased are the first ones sold, which means that the COGS reflects the lower costs of those items.
On the other hand, LIFO assumes that the last inventory items purchased are the first ones sold, which means that the COGS reflects the higher costs of those items. Therefore, in a rising cost environment, FIFO leads to higher COGS and lower net income compared to LIFO.
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Note- Question is not available.
which of the following marked the triumph of nation-states over the empires that had dominated political life during the nineteenth and early twentieth centuries?
The end of World War I marked the triumph of nation-states over the empires that had dominated political life during the nineteenth and early twentieth centuries.
What are nation-states?A nation-state is a geographical area where individuals live under a government that considers itself sovereign. Most of the world's states are considered to be nation-states.
What are empires?.An empire is a state in which the government has supreme authority over a vast territory, which includes a range of distinct cultural and ethnic groups. Empires' goals are generally to bring together various groups under a single leadership structure, either by conquest or voluntary submission. The people who live in an empire are often divided into social classes, with the ruling class having a lot of power, influence, and wealth.
The end of World War I marks the triumph of nation-states over the empires that had dominated political life during the nineteenth and early twentieth centuries. This war signaled the beginning of the end of the large, sprawling empires that had ruled Europe for centuries. In the aftermath of the war, these empires disintegrated and were replaced by new, smaller nations based on ethnic and linguistic lines, leading to the establishment of nation-states.
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Write down the career you want to pursue and identify which of the four assessments you learned about in the lesson you need to take for your career.
Answer:
Explanation:
As a chartered accountant, I want to pursue a career in accounting and finance. From the lesson I learned about, I believe I need to take the following four assessments to further my career:
Aptitude test: This assessment will evaluate my cognitive abilities and problem-solving skills, which are important for success in the field of accounting and finance.
Personality test: This assessment will help determine my personal strengths, values, and communication style, which are important qualities for a chartered accountant to possess.
Interest inventory: This assessment will help me understand my interests and passions, which can guide my career path as a chartered accountant.
Work style assessment: This assessment will help me understand my work habits and preferences, which can inform my approach to tasks and projects as a chartered accountant.
Answer:
I want to teach English literature and therefore I want to become a professor at a reputed university. I will have to take the SAT exam in order to get admission in a good college.
Explanation:
a) Explain different types of professions related to financial sector.
Answer:
Positions in the commercial banking sector include bank tellers, loan officers, operations, marketing, and branch managers
conflict between persons or groups in an organization is always destructive and must be avoided at all costs. group of answer choices true false
The statement conflict between persons or groups in an organization is always destructive and must be avoided at all costs is: False.
What is conflict?'Conflict can be defined as a form of disagreement that occur between two parties or two or more people. Conflict resolution be use to settle any form of conflict based on the fact that it help to settle disagreement.
The statement is false because conflict do arise among people and in the organization and this occur due to lack of agreement . Conflict is not destructive in as far as conflict resolution can be use to settle the conflict among parties involved in it.
Therefore the statement is false.
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What business management system seeks to streamline an organization’s activities to prevent backlogs and inefficiencies?
Lean Management is a type of business management that aims to simplify an organization's operations in order to avoid backlogs and inefficiencies.
What are the 5 lean management principles?The five lean management principles are as follows: 1.Value: Concentrate on providing value to customers while eliminating waste. 2.Value Stream: Identify and eliminate waste in each step required to deliver value. 3.Flow: Make sure the value stream runs smoothly and continuously, with no interruptions or delays. 4.Pull: Produce only what is required, when it is required, and in the quantity required by the customer. 5.Continuous Improvement: Strive to improve the value stream on a continuous basis by identifying and eliminating waste, improving flow, and increasing efficiency and effectiveness. These principles are used to streamline and improve the efficiency of an organization's activities, resulting in lower costs, higher customer satisfaction, and increased profitability.
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
Natalie wants to deposit $2,000 into a savings account at a 1.25 percent interest rate. The interest is compounded every six months. How much interest will she earn over two years?
Answer:
Natalie will earn $50.31 in interest over two years assuming that the interest is compounded every 6 months.
Explanation:
Natalie will earn $50.31 in interest over two years, assuming that the interest is compounded every six months.
Here's how to calculate it:
- First, we need to figure out how many times the interest will be compounded over two years. Since the interest is compounded every six months, there will be four compounding periods per year, or a total of eight compounding periods over two years.
- Next, we can use the formula A = P(1 + r/n)^(nt) to calculate the amount of money Natalie will have in her account after two years, where:
- A is the amount of money in the account after two years
- P is the principal (the initial amount of money deposited)
- r is the annual interest rate (1.25%)
- n is the number of times the interest is compounded per year (4, since it's compounded every six months)
- t is the number of years (2)
Plugging in these values, we get:
A = 2000(1 + 0.0125/4)^(4*2)
= 2000(1.00625)^8
= 2100.31
- Finally, we can subtract the initial principal from the final amount to find the amount of interest earned:
Interest = A - P
= 2100.31 - 2000
= 100.31
Rounding to the nearest cent, Natalie will earn $50.31 in interest over two years.
Answer:
$4050.16
Explanation:
using the formula 2000(1+.0125/2)^2(2) to represent the 6 month period (A=P(1+r/n)^nt) you get 4050.15625 which rouned to the nearest tenth is 4050.16 to represent the change
According to Bernanke's policy guide, a 1/4 point decrease in long-term interest rates results in a Multiple Choice
a. $10 billion stimulus for the economy b. $50 billion decrease for the economy.
c. $50 billion stimulus for the economy d. $10 billion decrease for the economy
According to Bernanke's policy guide, a 1/4 point decrease in long-term interest rates results in a (option) c. $50 billion stimulus for the economy.
The rationale behind this is that a decrease in long-term interest rates leads to an increase in the demand for housing, which in turn creates a multiplier effect on the economy. As more people purchase homes, construction companies hire more workers, who in turn have more disposable income to spend. This spending creates a positive impact on businesses and the economy as a whole. Additionally, lower interest rates make it cheaper for businesses to borrow money to invest in capital projects, which can also stimulate economic growth. Overall, Bernanke's policy guide suggests that the Federal Reserve can use monetary policy tools such as interest rate adjustments to promote economic growth and stability.
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You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,000,000, what is your share?.
Answer:
5p=1000000
p=1000000/5
p=200000
A
requires property to be used as collateral.
A. unsecured loan
B. credit card
C. property loan
D. secured loan
SUBM
Answer:
D. secured loan
Explanation:
"A secured loan is a loan backed by collateral"
[A. unsecured loan is a loan that doesn't require any type of collateral.]
[B. credit card ...no]
[C. property loan is a secured loan that is sanctioned keeping an asset as mortgage with the lender.]
[D. secured loan is a loan that is backed by collateral]
A secured loan requires property to be used as collateral. D. Secured Loan.
What are secured loanA secured loan requires property or other assets to be used as collateral. If the borrower defaults on the loan, the lender has the right to seize the collateral to recoup their losses.
This reduces the risk for the lender, which can result in lower interest rates compared to unsecured loans. Examples of secured loans include mortgages and car loans.
Because the lender takes on more risk, these loans typically have higher interest rates. Personal loans and credit cards are examples of unsecured loans.
Option D is therefore correct
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What has the greatest impact on regional oil production?
The greatest impact on regional oil production is typically the price of oil, as it affects the profitability and feasibility of producing oil in a particular region.
The price of oil often has the most influence on local oil production since it directly determines whether it is profitable and feasible to produce oil in a given area. Oil extraction from difficult or inaccessible regions, such as deepwater or shale deposits, becomes more practical when the price of oil is high.
On the other hand, when oil prices are low, it could no longer be financially viable to produce oil in some areas, which would result in a decline in output. Government laws, environmental issues, and geopolitical conflicts are a few more variables that may influence regional oil output.
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Ratna is preparing q presentation titled "similarities between miceo-leval and marco-lecal orientation in sociology". Which explanation should she include
Answer:
Ratna is preparing q presentation titled "similarities between micro-level and marco-local ... - did not match any documents.
Suggestions:
Make sure that all words are spelled correctly.
Try different keywords.
Try more general keywords.
1-A clothing company manufacturers only dresses and hats. with its current resources it is capable of producing the following daily combinations:
0 dresses + 20 hats
2 dresses + 19 hats
4 dresses + 18 hats
6 dresses + 16 hats
8 dresses + 10 hats
10 dresses + 0 hats
Suppose that this company is currently producing a combination of 5 dresses and 14 hats. What might we conclude?
A-This is an efficient combination
b-This is an inefficient combination
c-The company is not using the best available technology to produce the goods
d-Some of its workers are loafing on the job
f-The company is producing on its PPF
2-A clothing company manufacturers only dresses and hats. with its current resources it can only manufacture the following daily combinations:
0 dresses + 20 hats
2 dresses + 19 hats
4 dresses + 18 hats
6 dresses + 16 hats
8 dresses + 10 hats
10 dresses + 0 hats
Currently the company is producing 4 dresses and 10 hats when a customer order 4 dresses. What is the opportunity cost of filling this new order in terms of hats sacrificed? Type your answer as a number.
there are two questions if you are very good with economics than solve it, please dont waste my time if you dont know it because i will dislike you and report you
1. The correct option is b, we can conclude that the given combination is an inefficient combination and 2. The correct answer is 16.
1. Based on the given information, the company is capable of producing 6 dresses and 16 hats, which is a combination of the fifth and the fourth output. Therefore, the company is producing below its production possibility frontier (PPF) since it is currently producing a combination of 5 dresses and 14 hats.
Thus, we can conclude that the given combination is an inefficient combination. The correct option is b.
2. The company is capable of producing 4 dresses, but it is currently producing 5 dresses.
Therefore, the opportunity cost of filling this new order in terms of hats sacrificed would be 16 hats, which is the difference between the number of hats in the fourth and the fifth combination of outputs.
The correct answer is 16.
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Li would like to know what "managing up" means in the context of her being an HR professional.
How would
you briefly define "managing up" to Li?
In the context of being a HR professional, managing up would have to do with the management of the employees that are in an organization in terms of hiring and ensuring good conduct.
Who is a HR professional?The five key responsibilities of human resources include managing talent, pay and benefits for employees, training and development, compliance, and workplace safety. By efficiently managing the employee lifecycle, an HR department may assist in providing organizational structure and the capacity to satisfy business demands.
They act as a conduit between potential employees and the businesses hiring. While some businesses utilize outsourcing techniques, others establish a human resources department under the direction or control of an HR manager.
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a financial plan is most influenced by
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
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A two-word phrase in each box. The value of the X (____) Q is equal to the x (_____) K, when equilibrium is reached
The value of the X (quantity demanded) Q is equal to the x (quantity supplied) K when equilibrium is reached
The phrase that fits in each box is "quantity demanded" and "quantity supplied". In economics, the quantity demanded refers to the amount of a particular good or service that consumers are willing and able to purchase at a given price. On the other hand, the quantity supplied refers to the amount of the same good or service that suppliers are willing and able to produce and offer for sale at a given price.
The law of supply and demand states that in a competitive market, the price of a good or service will adjust to bring the quantity supplied and quantity demanded into balance. The point at which this balance is achieved is known as the market equilibrium.
At this point, the quantity demanded (as indicated by Q) is equal to the quantity supplied (as indicated by K), which is why the value of the X (quantity demanded) Q is equal to the x (quantity supplied) K when equilibrium is reached. This equilibrium is a crucial concept in understanding how markets work and how prices are determined.
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accept no unnecessary risk. make risk decisions at the right level. anticipate and manage risk by planning. accept risk when benefits outweigh the cost. which risk management principle is best demonstrated by thorough hazard identification and assessment in order to prevent needlessly jeopardizing marines and equipment?
Accept no unnecessary risk management principle is best demonstrated by thorough hazard identification and assessment in order to prevent needlessly jeopardizing marines and equipment.
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.
An effective risk management program aids a business in taking into account all potential risks. The relationship between risks and the potential negative cascade effects on the strategic objectives of an organization is also examined by risk management.
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Outsourcing
Outsourcing of jobs to workers in foreign countries has become a controversial issue in recent years. Using the Internet and the library, research the issue by reading articles in recent news magazines and newspapers.
Activity
What are the prevailing arguments against the outsourcing of jobs, and how are they answered by the companies that use outsourcing? What is your opinion on the balance of pros and cons - and what are some possible solutions to the dilemma?
The prevailing arguments against the outsourcing of jobs is that The labor and environmental standards that are relevant to the products and services that Americans
The way that they are answered by the companies that use outsourcing is that:
Economic Efficiency May Rise With Outsourcing. Businesses typically gain when highly trained individuals may outsource lower-value jobs and devote more time to high-value projects.What do you believe to be the benefits and drawbacks of outsourcing?The benefits of outsourcing include:
Not having to hire more staffHaving access to a larger talent poolPaying lower labor costs.The Cons of outsourcing are:
Lack of controlPoor communicationPoor quality and problems often arises.Therefore, The possible solutions to the dilemma are:
Keep track of the paperwork.Forms direct lines of contact.Be mindful of cultural variations.Always perform extensive research before selecting a vendor.Clearly state the project's needs, timeframe, and price.Learn more about outsourcing from
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The class will be divided into five groups. With the teacher's guide, each group should suggest a business that they want to put up. Each group should then justify their choice of business. Each group will discuss among the members the environment that should be studied in terms of the location they decided to choose. Based on the environmental analysis, the group members should identify all the factor that need to be studied in the specific environment/location.
Each group will suggest a business idea and justify their choice based on their interests, market demand, and potential profitability. They will then discuss the specific location for their business and conduct an environmental analysis to identify factors that need to be studied.
In the first paragraph, each group can briefly mention the type of business they want to put up, such as a restaurant, tech startup, clothing boutique, fitness center, or any other business idea that interests them. They should provide a concise justification for their choice, highlighting factors like market demand, personal passion, unique selling proposition, or potential profitability.
In the second paragraph, the group members will discuss the specific location for their business and conduct an environmental analysis. They need to identify and examine various factors that can influence the success of their business in that particular location. This analysis can include factors such as local competition, target market demographics, economic conditions, regulatory environment, infrastructure, availability of resources, cultural considerations, and any other relevant factors. By studying these environmental factors, the group can gain insights into the opportunities, challenges, and potential risks associated with their chosen location.
Overall, the aim is for each group to select a business idea that aligns with their interests and has potential in the market. They should then analyze the specific location's environmental factors to make informed decisions and develop strategies that maximize their chances of success. This exercise helps students understand the importance of market research, environmental analysis, and strategic planning in business development.
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Explain the importance of excellent customer service.
X circle company purchased a computer system black box, inc. With a list price of $100,000 plus 5% sales tax. The cost to deliver and install the computer was $10,000. The debit to equipment equals.
The debit to the equipment account should equal $115,000 for X Circle Company, which recently purchased a computer system black box.
What is the recognized cost of the equipment?The costs that should be recognized for the purchase of new equipment (or asset) include all the costs that will bring the asset into use.
These costs include the purchase cost, delivery, and installation costs.
Data and Calculations:Computer system black box = $100,000
5% sales tax = $5,000 ($100,000 x 5%)
Delivery and Installation costs = $10,000
Total cost of computer = $115,000 ($100,000 + $5,000 + $10,000)
Thus, the debit to the equipment account should equal $115,000.
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