A company has purchased one component from its supplier for years. Since the production process of this component is quite simple and involves no capital investment, the Operations Manager proposes to make this component in house so that the component may flow gradually into the assembly line for use. The following data are also given for your comparison and decision making: To buy To make Annual demand 30,000 units 30,000 units Cost per unit $9 $10 Fixed cost $45 per order $72 per batch Holding cost (per unit per year) $2.7 $3.0 Weekly demand 600 units 600 units Weekly production N/A 800 units Lead time 5 days N/A Operates 50 weeks a year Suppose the company decides to make the component in house. In which of the following scenarios will EPQ decrease? The cost per unit decreases from $10 to $9 The fixed cost increases from $72 to $80 The annual demand increases from 30,000 units to 60,000 units The weekly production rate increases from 800 to 1000 If the company decides to make the component in house, which of the following is not true? If the fixed cost increases by a factor of 4, EPQ will increase by a factor of 2 If the annual demand increases by a factor of 4, the average inventory will increase by a factor of 2 If both the weekly demand rate and the weekly production rate increase by a factor of 4, EPQ will increase by a factor of 2 If the fixed cost increases by a factor of 4, the total annual stocking cost (i.e., ordering cost and holding cost) will increase by a factor of 2

Answers

Answer 1

To determine the scenarios in which the Economic Production Quantity (EPQ) will decrease when the company decides to make the component in-house, we need to consider the factors that affect the EPQ.

The EPQ formula considers the cost per unit, the fixed cost, and the annual demand. It is calculated as:

EPQ = √((2 * Annual demand * Fixed cost) / (Cost per unit * Holding cost))

Let's evaluate each scenario:

The cost per unit decreases from $10 to $9:

In this scenario, the EPQ is likely to decrease because a lower cost per unit reduces the overall cost of production.

The fixed cost increases from $72 to $80:

This scenario would not directly impact the EPQ since the fixed cost is not directly included in the EPQ formula.

The annual demand increases from 30,000 units to 60,000 units:

A higher annual demand would increase the EPQ as it requires producing more units to meet the demand

The weekly production rate increases from 800 to 1000:

This scenario would not directly impact the EPQ since the EPQ formula does not consider the weekly production rate.

Based on the above analysis, the correct statement is:

If the annual demand increases by a factor of 4, the average inventory will increase by a factor of 2.

The EPQ formula does not directly consider the weekly production rate or the fixed cost. Therefore, changes in these factors would not have a direct impact on the EPQ.

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Related Questions

Leverage

-Increases investment risk

-Decreases investment risk

-Only works to the investors advantage

-Increases owners equity in an investment

Answers

Leverage can increase investment risk because it involves borrowing money to make investments, which can result in higher losses if the investment does not perform well.

Leverage in finance refers to any strategy that involves borrowing money to make purchases while anticipating future earnings to be several times greater than the price of financing. Leverage often refers to using borrowed funds to pay for an asset purchase. Leverage is frequently used in order to boost an asset's profitability. People borrow money and employ leverage because they think they can buy greater resources and increase their profits with the additional funds.

However, it can also potentially increase returns. It does not necessarily decrease investment risk or only work to the investors' advantage. Leverage can increase owners' equity in an investment if the returns generated from the investment are higher than the cost of the borrowed funds.

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The equatorial region experiences a(n) _______________ throughout the year. A. energy surplus B. radiation deficit C. energy deficit D. energy budget

Answers

\(a.\)

The equatorial region experiences an energy surplus throughout the year.

The equatorial region experiences a(n) energy surplus throughout the year. Hence, the answer is energy surplus.

What is an energy surplus?

In well operated electric and natural gas distribution systems, there is always a certain amount of available surplus energy. These systems are designed so that when customers turn on devices and want to use more energy, it is available for them. For that to occur, a certain amount of surplus energy is always required.

Therefore, the answer is option A.

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market segment must be defined by its demographic characteristics. True or false

Answers

The given statement "Market segment must be defined by its demographic characteristics" is false because while demographic characteristics such as age, gender, income, and education level are often used to define market segments, they are not the only factors to consider.

Other factors that can be used to segment a market include psychographic characteristics (personality, values, lifestyle), geographic location, behavior patterns, and product usage. For example, a company selling luxury sports cars may segment their market based on the psychographic characteristics of consumers who value performance and prestige, rather than solely on their age or income level.

Ultimately, the criteria for defining a market segment will vary depending on the specific product or service being offered and the needs and preferences of the target audience. It is important for businesses to carefully analyze and research their target market to accurately identify the most effective way to segment and target their audience.

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A young man is badly injurged when his cell phone battery catches fire. Whattype of insurance should the manufacturer of the cell phone have to cover such an event?

Answers

Answer:

product liability insurance

Explanation:

In this specific situation, the type of insurance that the manufacturer needs to have had is called product liability insurance. This insurance would cover any and all expenses of injuries caused by a specific product that the victim has purchased from you. Which in this case would cover the fire injuries caused by the cell phone that you the manufacturer sold the young man that was injured.

Answer: Product liability insurance

Explanation:

Courts will not take action against a television show that critiques newly-released books for infringement of copyright because _____.

Answers

criticism is protected by the fair-use doctrine

2. Which of the following is an example of an operative employee? A. Regional manager B. Head coach C. Chairman of the board D. Assembly line worker C​

2. Which of the following is an example of an operative employee? A. Regional manager B. Head coach C.

Answers

D. Assembly line worker

An example of an operative employee is an assembly line worker.

The following information should be relevant:

Operating employees are those employees who generate the products & services directly for an organization.Also, it does not supervise the work of others. So, the option a, b, and c are incorrect.

Therefore we can conclude that an example of an operative employee is an assembly line worker.

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Selection committees are concerned with what?
A. Succession planning, workforce planning, and popularity
B. Budget planning, workforce planning, and leadership development
C. Succession planning, workforce planning, and leadership
development
D. Succession planning, workforce planning, and unskilled workers

Answers

C. Succession planning, workforce planning, and leadership development.

Why it is?

Selection committees are typically involved in identifying and selecting candidates for important positions within an organization.

To make informed decisions, selection committees often focus on a range of factors, including succession planning (i.e., identifying potential future leaders), workforce planning (i.e., ensuring the right mix of skills and experience), and leadership development (i.e., supporting the growth and development of current and future leaders). Budget planning and unskilled workers are typically not areas of focus for selection committees.

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I want to become doctor and I'm from nepal..which may be the best country for me to study

Answers

Answer:

the best would always be the USA in doctoring.

it has the best colleges etc.

Explanation:

Whatever u just need to try

Break Even Analysis Managers use tools like the Break-Even Analysis in both the planning and controlling functions of Management. In this assignment, you'll practice using the Break-Even formula to help Ryan determine when his business will begin to turn a profit. Instructions: Using the information from the Learning Module 2, calculate the break-even point in each of the scenarios. Provide a response to the questions in the conclusion. Be sure to use either Word or Excel and to show your work. Scenario 1 After receiving bad service at the local car wash, Ryan has decided to start VDB Detailing! One of his first decisions when planning his business - he needs to calculate the number of vehicles he will need to detail before breaking even. His uncle has offered to let him use a small section of his shop for only $300 per month. Ryan is going to pay his friend, Gabe, $10/hour to help him. He has estimated his additional expenses and other details to be the following: Insurance $200/month His share of monthly utilities $95 Wax (will yield 10 cars) $19.00 Towels, soap, and other supplies $3.00/vehicle Leasing of equipment $100/month Marketing $105/month budgeted He estimates that it will take him 4.5 hours to detail a vehicle if he has help from his friend. He plans to charge $120 per vehicle. Question #1 - How many vehicles does Ryan need to detail each month to break even? Scenario 2 Ryan is now considering leaving his full-time job to grow his business but does not want to lose his salary. Question #2 - If he decides to pay himself $2000 per month how many cars does he have to detail in a month now to break even? Assume all other figures remain constant from scenario 1. Conclusion Are these numbers attainable? Please explain. List two suggestions you could give Ryan that would affect his break even point in a favorable manner, using the Break-Even Formula to justify them. Responses copied from an internet source, out of the text, or from homework sites earn

Answers

Ryan needs to detail 44 vehicles each month to break even with a salary of $2,000 per month, Ryan needs to detail 13 vehicles each month to break even.

To calculate the break-even point, we need to first calculate the total fixed costs and the contribution margin per vehicle.

Total fixed costs = monthly rent + insurance + leasing of equipment + marketing

Total fixed costs = $300 + $200 + $100 + $105

Total fixed costs = $705

Contribution margin per vehicle = price per vehicle - variable costs per vehicle

Variable costs per vehicle = wax + towels, soap, and other supplies + (Gabe's hourly wage x hours per vehicle)

Variable costs per vehicle = $19 + $3 + ($10 x 4.5)

Variable costs per vehicle = $64.50

Contribution margin per vehicle = $120 - $64.50

Contribution margin per vehicle = $55.50

Scenario 1:

Break-even point = Total fixed costs / Contribution margin per vehicle

Break-even point = $705 / $55.50

Break-even point = 12.7, rounded up to 13 vehicles

Answer to question #1: Ryan needs to detail 13 vehicles each month to break even.

Scenario 2:

Total fixed costs and contribution margin per vehicle remain the same as in Scenario 1.

Break-even point = (Total fixed costs + Ryan's salary) / Contribution margin per vehicle

Break-even point = ($705 + $2,000) / $55.50

Break-even point = 43.8, rounded up to 44 vehicles

Answer to question #2: Ryan needs to detail 44 vehicles each month to break even with a salary of $2,000 per month.

Conclusion:

The break-even numbers may or may not be attainable, depending on the demand for Ryan's services and his ability to attract and retain customers. Ryan may need to adjust his pricing or marketing strategy to increase demand.

Two suggestions to reduce the break-even point are:

Decrease variable costs per vehicle: Ryan could negotiate a lower price for wax and supplies or reduce the amount used per vehicle. He could also try to find a lower hourly wage for his friend, Gabe, or try to increase the number of cars they can detail in a given time.

Increase contribution margin per vehicle: Ryan could increase his price per vehicle or offer additional services that customers are willing to pay for. He could also try to reduce his variable costs per vehicle (as mentioned above) to increase his contribution margin.

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I don´t get it plzz help me

I dont get it plzz help me

Answers

What are your work values? If you don’t know you can Google ‘work values examples’ then you can find a job that best suits those specific values you chose.

Which document is also called as charter of the company
(i)
i MOA
Ú) Prospectus
Cij AO A
(W) Registration contificate​

Answers

Answer:

a. Memorandum of Association

Explanation:

Memorandum of Association is the document also called the charter of the company. Memorandum of Association is  the document created and formed during the registration and the formation of a limited liability company. Memorandum of Association defines the overall relationship with all the shareholders of the company and it is used to showcase the legal existence of a company.

Joel takes out a loan with a stated rate of 11.85% interest. If the interest is calculated weekly, how much greater is Joel’s effective rate than his stated rate?

a. 0.72 percentage points

b. 0.52 percentage points

c. 0.70 percentage points

d. 0.67 percentage points

Answers

Answer: a. 0.72 percentage points

Explanation:

Given the following :

Nominal interest rate(r) = 11.85%) = 0.1185

c = number of compounding periods in a year

p = number of compounding periods rate is required for

Number of weeks in a year = 52 = p = c

Effective interest rate (E) is given as :

E = [( 1 + (r / c) )^p] - 1

E = [(1 + (0.1185 / 52)) ^52] - 1

E = [ (1 + 0.0022788) ^52] - 1

E = [1.0022788^52] - 1

E = 1.1256551 - 1

E = 0.1256551

Effective interest rate - Nominal interest rate

0.1256551 - 0.1185 = 0.0071551

(0.0071551 × 100)% = 0.7155% = 0.72%

Answer:

the answer is A. 0.72

Explanation:

I got it correct on edg

Do you think every working American needs a 401(k) account or an IRA? Why or why not?


No links
Need ASAP

Answers

Answer:

Both 401(k) accounts and IRAs are retirement savings accounts that allow individuals to save for retirement on a tax-advantaged basis. Contributions to these accounts are tax-deductible, and the earnings on the investments grow tax-free until they are withdrawn during retirement.

There are some benefits to having a 401(k) account or an IRA. They allow individuals to save for retirement in a tax-efficient way, and can provide a significant source of income during retirement. In addition, many employers offer matching contributions to 401(k) accounts, which can be a valuable incentive to participate.

However, there are also some drawbacks to these types of accounts. For example, they are subject to market fluctuations and the investment risk is borne by the individual. In addition, there are limits on how much can be contributed each year, which may not be enough to provide for a comfortable retirement.

Whether or not every working American needs a 401(k) account or an IRA depends on individual circumstances. For some people, these accounts may be a valuable tool for saving for retirement. For others, different types of retirement savings accounts or strategies may be more appropriate. Ultimately, it is up to each individual to determine the best approach for their own retirement planning.

how much would you cost to have a good night

Answers

Answer:

as much as i need

Explanation:

Nothing idc about sleep lol

Which of the following is the correct
term for how much the business
itself spent on creating the product?
A. retail price
B. financial price
C. wholesale price
D. sales price

Which of the following is the correctterm for how much the businessitself spent on creating the product?A.

Answers

It is c. C is the answer

Abigail sells rice to stores. She has total og 125 cavans that she plans to distribute to three stores. If she gives 1/5 of what she has to store A, can she divide the remaining equally to stores B and C? How many will store A and store B get

Answers

Answer:

Store A would get 25 Cavans

Store B would get 50 Cavans

Explanation:

Total of cavans is 125

Since she gives 1/5 of 125 cavans to A A would be getting 1/5 × 125 = 25

The balance would be 125 -25 = 100

If the balance is divided equally between B and C

= 100 ÷ 2

=50

Therefore,

Store A would get 25 Cavans

Store B would get 50 Cavans

Store C would get 50 Cavans

Team players are sought-after employees
True
False

Answers

Answer:

true,

Explanation:

Do you think business practices will become standardized across cultures as the global marketplace continues to flourish? Why or why not?

Answers

Answer:

Most likely yes

Explanation:

Business practices do depend on local cultures, but they are also very sensitive to standardization since business across the world have the base basic objective: to increase economic value, and this value is measurable.

As globalization advances, firms all over the world will seek the best financial, operative, and human resource practices in order to increase economic value, and this practices will be available to a global audience mainly in the form of quantitative data and strategies that can be adapted to any firm no matter where it is located.

the direct labor rate variance is calculated by multiplying the standard hours that should have been worked for the actual output by the difference between the standard labor rate and the actual labor rate.

Answers

False, that ought to have been adjusted for the actual output using the difference between the standard and actual labor rates.

A rate is the ratio of two related quantities expressed in distinct units in mathematics. If one of these numbers is used as the ratio's denominator and it is assumed that this quantity may be modified in a predictable way (i.e., is an independent variable), then the numerator of the ratio represents the rate of change in the other (dependent) variable.

Speed, heart rate, and flux are examples of common rates that are expressed as "per unit of time." Exchange rates, literacy rates, and electric fields are a few ratios that don't need time as the denominator (in volts per meter). The word "per" is used to denote the division of the units of the two measurements when specifying the units of a rate.

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3. It is important to make certain that your employees are aware of the work ethic expected at your company. What work ethics issues would be most ideal for your employees ? (3 points )

Answers

It is critical to ensure that your employees understand the work ethics that is expected at your company. Provide them with the company's ethical policy. If they already have access to it, remind them to read it and follow it.

What is Ethics?

Ethics is the distinction between what is right and what is wrong. There are times when people must sacrifice their own benefit for the benefit of the public at large.

Employees may become more devoted to their roles and express pride in being a part of such an organization if they understand and perceive their organization's commitment to high ethical standards. This type of transformation has the potential to significantly improve organisational effectiveness.

Therefore, it is essential for the employees to follow the work ethics.

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Using an advertising agency is a cost-effective way for a small business to advertise its products or services.
a. True
b. False

Answers

True !! Can I be marked as brainliest ?!

When machines and equipment do most of the work in a manufacturing plant, it is referred to as a mechanical-intensive process. a. True b. False.

Answers

False. When machines and equipment do most of the work in a manufacturing plant, it is referred to as an automated or machine-intensive process, not a mechanical-intensive process.

When machines and equipment perform the majority of the work in a manufacturing plant, it is referred to as an automated or machine-intensive process, not a mechanical-intensive process. The term "mechanical-intensive" does not accurately describe the scenario where machines and equipment handle most of the tasks in a manufacturing setting.

An automated or machine-intensive process refers to a manufacturing system in which machines, robotics, and advanced equipment are utilized to carry out various production tasks. These automated systems are designed to reduce human labor and increase efficiency by relying on mechanization, computer control, and advanced technologies. By automating repetitive and manual tasks, manufacturing plants can achieve higher productivity, precision, and consistency in their operations.


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Jim's Outfitters, Inc., makes custom fancy shirts for cowboys. The shirts could be flawed in various ways, including flaws in the weave or color of the fabric, loose buttons or decorations, wrong dimensions, and uneven stitches. Jim randomly examined 10 shirts, with the following results shown to the right. Shirt Defects 1 7
2 1
3 6
4 10
5 7
6 9
7 1
8 5
9 8
10 5
a. Assuming that 10 observations are adequate for these purposes, determine the three-sigma control limits for defects per shirt. The UCLo equals and the LCLc equals.(Enter your responses rounded to two decimal places. If your answer for LCLc is negative, enter this value as 0.)

Answers

The three-sigma control limits for defects per shirt are:

UCLo = 14.57

LCLc = 0.00

To calculate the three-sigma control limits for defects per shirt, we need to determine the average and standard deviation of the defects observed in the sample.

First, let's calculate the average (x) and standard deviation (σ) of the defects per shirt:

Average (x)= (1 + 7 + 6 + 10 + 7 + 9 + 1 + 5 + 8 + 5) / 10 = 59 / 10 = 5.9

To calculate the standard deviation, we'll use the formula:

σ = √[(Σ(x - x)²) / N]

Where:

Σ(x - x)² = sum of the squared differences between each observation (x) and the average (x)

N = number of observations

Using the given observations, we have:

Σ(x - x)² = (1 - 5.9)² + (7 - 5.9)² + (6 - 5.9)² + (10 - 5.9)² + (7 - 5.9)² + (9 - 5.9)² + (1 - 5.9)² + (5 - 5.9)² + (8 - 5.9)² + (5 - 5.9)²

          = 23.21 + 1.21 + 0.01 + 17.64 + 1.21 + 9.61 + 23.21 + 0.81 + 5.29 + 0.81

          = 83.60

σ = √(83.60 / 10) = √8.36 = 2.89 (approx.)

Now, we can calculate the control limits:

UCLo (Upper Control Limit) = x + (3 * σ)

                         = 5.9 + (3 * 2.89)

                         = 5.9 + 8.67

                         = 14.57 (approx.)

LCLc (Lower Control Limit) = x - (3 * σ)

                         = 5.9 - (3 * 2.89)

                         = 5.9 - 8.67

                         = -2.77 (approx.)

However, since LCLc should not be negative, we set it to 0.

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Which country is not an example of a command economy?

Haiti
China
Vietnam
Cuba

Answers

Answer:

Haiti

Explanation:

A command economy is one where the government controls economic productions. The government owns the factors of production.  It is the government that determines what, when, and how much to produce. The government regulates prices, and there is no competition.

Some of the countries that have command economies include Belarus, North Korea, Cuba, Iran, Libya, China, and, Russia

Haiti has a free market economy. It is a developing economy that has many elements of a traditional economy.

Which of the following statements, if made by a seller who knows the statement to be untruthful, would NOT be misrepresentation of material fact resulting in a cause of action for fraud?
a. "This car gets 28 miles per gallon. "
b. "There is no better car in the world."
c. "This horse is only six years old."
d. "The tires have less than 5,000 miles on them."

Answers

The statement that would NOT be misrepresentation of material fact resulting in a cause of action for fraud is "There is no better car in the world" (option b).

This statement is considered an opinion rather than a statement of fact, and opinions cannot be proven true or false.

Therefore, even if the seller knew it was untrue, it would not be considered fraud.

However, the other statements (options a, c, and d) are factual statements that could be proven true or false, and if the seller knew they were untruthful, they could be held liable for misrepresentation and fraud.

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A deposit of 10,000 offering a 6%annual rate would pay how much interest over a six month period?​

A deposit of 10,000 offering a 6%annual rate would pay how much interest over a six month period?

Answers

I hope I don’t get this wrong but I think it’s c

Ethical Practice and Consumer Protection Requirements
In this section you will demonstrate your skills and knowledge in relation to:
• Interpreting consumer protection requirements in real estate to identify risks
• Explain the impact of fraudulent activity on the consumer and the agency
You will need to access legislation and research information and/or visit a local agency to assist with your responses for this task. In particular you are to research the main requirements of consumer protection legislation and the consumer protection requirements of the ACCC and NSW Fair Trading. You should use a variety of sources to gather information including training resources, workplace policies and procedures, legislation websites and government and industry bodies websites.
a. Interpreting consumer protection requirements in real estate to identify risks
You are required to provide information about the following points below. You must prepare a written response to each point, which can be supported by example documentation as required. When uploading supporting material ensure material is referenced appropriately. Your report must cover the following topics:
i. Report on identifiable risks in the workplace to the following groups of people (give at least two examples for each category):-
• Consumers/community
• Agency
• Industry as a whole
• Personal
ii. Do searches on the internet and in the spaces provided in the table below name the main legislation that govern the following areas:
a) Real estate agents: licensing and conduct
b) Property sales and management
c) Leasing residential property
d) Privacy
e) Fair trading and consumer protection
f) Anti-discrimination and equal employment
g) Work health and safety/occupational health and safety
h) Environmental (sustainability)
i) Employment and industrial relations
j) Planning and zoning
k) Foreign investment
l) Secret commission

Answers

Consumer protection requirements in real estate involve identifying risks to consumers, the agency, the industry, and oneself. In terms of legislation, the main laws governing real estate in Australia include: a) Real estate agents: licensing and conduct - Property, Stock and Business Agents Act 2002 (NSW) b) Property sales and management - Property, Stock and Business Agents Act 2002 (NSW) c) Leasing residential property - Residential Tenancies Act 2010 (NSW) d) Privacy - Privacy Act 1988 (Cth) e) Fair trading and consumer protection - Australian Consumer Law (Schedule 2 of the Competition and Consumer Act 2010 (Cth)) f) Anti-discrimination and equal employment - Anti-Discrimination Act 1977 (NSW) g) Work health and safety/occupational health and safety - Work Health and Safety Act 2011 (NSW) h) Environmental (sustainability) - Various state-specific environmental legislation and regulations, such as the Environmental Planning and Assessment Act 1979 (NSW) i) Employment and industrial relations - Fair Work Act 2009 (Cth) j) Planning and zoning - Environmental Planning and Assessment Act 1979 (NSW) k) Foreign investment - Foreign Acquisitions and Takeovers Act 1975 (Cth) l) Secret commission - Crimes Act 1900 (NSW)

Identifiable risks in the workplace can have various impacts on different groups of people in the real estate industry.

Risks to consumers/community:

Misrepresentation: Providing false or misleading information about a property's features, condition, or potential can lead to financial losses or disappointment for buyers or tenants. For instance, advertising a property with exaggerated claims of proximity to amenities or its potential for capital growth.

Breach of privacy: Mishandling or unauthorized disclosure of personal information, such as financial details or contact information, can lead to identity theft, scams, or invasion of privacy. This may occur when an agency fails to protect sensitive client data or shares it without consent.

Risks to the agency:

Fraudulent activities: Unscrupulous practices by agency staff, such as misappropriation of client funds, forging documents, or engaging in kickback schemes, can result in financial losses for both the agency and its clients.

Non-compliance with regulations: Failing to adhere to licensing requirements, industry codes of conduct, or consumer protection legislation can lead to legal consequences, loss of reputation, and potential closure of the agency.

Risks to the industry as a whole:

Reputation damage: Instances of unethical behavior or fraudulent activities within the industry can tarnish the reputation of all real estate professionals. This can erode public trust, making it difficult to attract clients and maintain a healthy marketplace.

Loss of public trust: When consumers lose faith in the industry's integrity, they may hesitate to engage in property transactions or seek alternative options, leading to a decline in market activity and potential financial losses for the entire industry.

Personal risks:

Professional misconduct: Engaging in unethical practices, such as accepting bribes, engaging in discriminatory behavior, or breaching confidentiality, can result in disciplinary action, loss of license, and damage to personal reputation and future employability.

Failure to adhere to ethical standards: Neglecting to follow ethical guidelines and industry codes of conduct can lead to strained professional relationships, loss of client trust, and potential legal consequences.

The main legislation governing different areas in the real estate industry are as follows:

a) Real estate agents: licensing and conduct - Property, Stock and Business Agents Act 2002 (NSW)

b) Property sales and management - Property, Stock and Business Agents Act 2002 (NSW)

c) Leasing residential property - Residential Tenancies Act 2010 (NSW)

d) Privacy - Privacy Act 1988 (Cth)

e) Fair trading and consumer protection - Australian Consumer Law (Schedule 2 of the Competition and Consumer Act 2010 (Cth))

f) Anti-discrimination and equal employment - Anti-Discrimination Act 1977 (NSW)

g) Work health and safety/occupational health and safety - Work Health and Safety Act 2011 (NSW)

h) Environmental (sustainability) - Various state-specific environmental legislation and regulations, such as the Environmental Planning and Assessment Act 1979 (NSW)

i) Employment and industrial relations - Fair Work Act 2009 (Cth)

j) Planning and zoning - Environmental Planning and Assessment Act 1979 (NSW)

k) Foreign investment - Foreign Acquisitions and Takeovers Act 1975 (Cth)

l) Secret commission - Crimes Act 1900 (NSW)

Complying with these legislations is crucial for real estate professionals to ensure consumer protection, ethical practice, and a fair and transparent real estate market.

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in a business-model sense, many organizations consider customers strategic assets.

Answers

In a business-model sense, many organizations consider customers strategic assets. A customer's strategic asset is considered a valuable and long-term source of revenue. This implies that companies must engage in customer-centric practices and foster good relationships to benefit from their clients.

Customers are the foundation of any business. In order for a company to thrive, they must attract and retain consumers who are loyal to the brand. It is critical to remember that a customer isn't just a means of generating revenue; they are also a source of information about the company and the market. As a result, clients are regarded as strategic assets by many organizations, which are valuable resources that should be safeguarded.

Companies view clients as strategic assets for various reasons, one of which is that they provide a dependable source of revenue. In other words, a customer that is satisfied with the product or service they receive is more likely to become a repeat customer and recommend it to others. This boosts the company's bottom line and provides a long-term revenue stream. Furthermore, a company's clients serve as a bridge to the market and provide valuable insights into consumer preferences and trends. Clients may be a valuable source of information for businesses looking to expand their product lines or enter new markets. Companies can use customer feedback to improve existing goods and services or to create new ones.

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The Excel function which calculates the rate of return which makes a series of cash flows equals zero is called

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The Excel function that calculates the rate of return which makes a series of cash flows equal to zero is called the "IRR" function.

IRR stands for Internal Rate of Return and is a financial metric used to evaluate the profitability of an investment over time. It represents the discount rate at which the present value of the cash inflows of an investment equals the present value of its cash outflows. In other words, it is the rate at which the net present value (NPV) of an investment equals zero.

Investors and financial analysts use IRR to compare different investment opportunities and determine which one will provide the highest returns. The higher the IRR, the more attractive the investment opportunity. IRR is often used in conjunction with other financial metrics such as net present value (NPV) and payback period to make informed investment decisions. IRR can be calculated using a mathematical formula or by using software or calculators specifically designed for this purpose.

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You learned about the various types of information systems that revolve around the different data, knowledge, information, and decision-making activities at different levels in the organization. In this activity, identify and explain any three types of information systems related to specific functional areas of business that this lesson hasn’t mentioned.

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An information system is a coordinated group of parts used to gather, store, and process data as well as to deliver knowledge, information, and digital goods. Information systems include the following, decision support system, transaction processing system, management information system.

Types of information systems include

Decision support system: A decision support system is an information system that analyzes business data and other information relevant to the firm.

Transaction processing system: The process of collecting, modifying, and retrieving transactions is automated by the transaction processing system. This type of information system's particular characteristic is that it improves the efficiency, dependability, and consistency of commercial  transactions.

Management information system:  The management information system helps managers. such as measuring and analyzing business performance, making choices, creating a business plan, and establishing processes. By examining the roles and duties, it also gives managers feedback.

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