Compensation arrangements play a crucial role in attracting, retaining, and motivating employees. Let's discuss how the three dimensions of pay have affected my current or former employer's ability in these areas.
1. The expected level of pay: A competitive level of pay is important to attract and retain employees. If the pay is below market standards, it may lead to high turnover rates as employees seek better opportunities elsewhere. Conversely, offering a higher level of pay can attract top talent and motivate employees to stay with the company.
2. Pay-performance relation: Linking pay to performance can positively impact motivation and productivity. When employees are rewarded based on their performance, it creates an incentive for them to excel. For example, performance-based bonuses or commission structures can motivate salespeople to achieve higher targets. On the other hand, if the performance criteria are unclear or the rewards are not aligned with employee efforts, it can lead to dissatisfaction and demotivation.
3. Pay package composition: The composition of the pay package, including fixed pay, variable pay, and fringe benefits, can influence employee attraction and retention. Offering a flexible compensation package that includes various benefits like health insurance, retirement plans, and paid time off can make the overall package more attractive.
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If the rate of increase of total utility declines as the quantity consumed of a good increases, it follows that marginal utility must be
Answer:
negative
Explanation:
Marginal utility refers to the additional satisfaction that a consumer obtains from getting one more unit of a good. Marginal utility is negative if the overall utility decreases with the consumption of one more unit.
As the rate of increase of total utility declines, the quantity consumed of a good increase. It follows that marginal utility must be negative.
major differences between service companies and retail or manufacturing companies is that retailers and manufacturers must account for
The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;
Inventory and Cost of GoodsInventory refers to the goods in stock which the business wishes to sell in order to make a profit from.
Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.
The same is not applicable to service companies because they do not have physical goods to sell.
Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.
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Steven smith paid his ex-wife alimony of $22,000 in 2021. his marriage settlement agreement was signed on february 1, 2019. how are his alimony payments reported on his federal return?
Alimony payments are never deductible and are no longer included on the federal return.
The Internal Revenue Service (IRS) imposes a tax on the yearly income of people, businesses, trusts, and other legal organisations. This tax is known as the federal income tax in the United States. All sources of income, including wages, salaries, commissions, bonuses, gratuities, investment income, and other forms of unearned income, that are included in a taxpayer's taxable income federal return are subject to federal income taxes. Federal income tax rates for individuals are progressive in the United States, which means that they rise in proportion to an individual's taxable income. There are several income levels at which the federal income tax rates, which vary from 10% to 37%, take effect. Tax brackets are the different income levels that the rates apply to. Each tax bracket has its own rate of taxation, which is applied to income that falls inside it.
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Survey researchers design and conduct surveys and analyze data. Some survey researchers design public opinion surveys. Other survey researchers (market research analysts) design marketing surveys which examine products or services that consumers want, need, or prefer. Most survey researchers work in research firms, polling organizations, nonprofits, corporations, colleges and universities, and government agencies. The majority work full time during regular business hours. A bachelor's degree may be sufficient for some entry-level positions. The median annual wage for survey researchers was $49,760 in May, 2014. SOURCE: Bureau of Labor and Statistics, U.S. 준. Surveys for scientific research cover various fields, including government, health, social sciences, and education. For example, a survey researcher may try to capture information about the prevalence of drug use or disease. An anonymous survey of college students was taken to determine behaviors regarding alcohol, cigarettes, and illegal drugs. The results were as follows: 894 drank alcohol regularly 665 smoked cigarettes 192 used illegal drugs 424 drank alcohol regularly and smoked cigarettes 114 drank alcohol regularly and used illegal drugs 119 smoked cigarettes and used illegal drugs 97 engaged in all three behaviors 309 engaged in none of the behaviors Source: Jamie Langille, University of Nevada Las Vegas How many students were surveyed? How many drank alcohol regularly or smoked cigarettes? How many used illegal drugs only? How many drank alcohol regularly and smoked cigarettes, but did not use illegal drugs? How many drank alcohol regularly or used illegal drugs, but did not smoke cigarettes? How many engaged in exactly two of these behaviors? How many engaged in at least one of these behaviors?
a. The number of students surveyed was 1,000.
b. 1,300 students drank alcohol regularly or smoked cigarettes.
c. 75 students used illegal drugs only.
d. 310 students drank alcohol regularly and smoked cigarettes but did not use illegal drugs.
e. 1,110 students drank alcohol regularly or used illegal drugs but did not smoke cigarettes.
f. 193 students engaged in exactly two of these behaviors.
g. 997 students engaged in at least one of these behaviors.
How many students participated in the survey?According to the survey results, there were a total of 309 students who engaged in none of the behaviors, and the remaining students fell into various categories. To determine the number of students surveyed, we sum up the frequencies of all behaviors mentioned in the survey results. Therefore, the total number of students surveyed is 1,000. From the provided data, we can calculate the number of students who drank alcohol regularly or smoked cigarettes by adding the frequencies for each behavior individually. Similarly, we can find the number of students who engaged in specific combinations of behaviors, such as using illegal drugs only or drinking alcohol regularly while smoking cigarettes but not using illegal drugs. By analyzing the data, we can answer each of the given questions accurately.
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If the number of units produced is more than the number of units sold, which of the following statements is true when comparing overhead costs under absorption versus variable costing?A. Variable costing will produce higher fixed overhead costs on the income statement.B. Absorption costing will produce higher fixed overhead costs on the income statement.C. Overhead costs on the income statement are the same under both methods.D. Absorption costing will have higher variable overhead costs on the income statement.E. None of the answer choices is correct.
The correct answer is B which is Absorption costing will produce higher fixed overhead costs on the income statement.
Absorption costing allocates all manufacturing overhead costs, including fixed overhead costs, to units of production, regardless of whether they are sold or not. Therefore, if the number of units produced is more than the number of units sold, absorption costing will result in a higher allocation of fixed overhead costs to each unit of production, leading to higher fixed overhead costs on the income statement.
On the other hand, variable costing only allocates variable manufacturing overhead costs to units of production. Fixed manufacturing overhead costs are expensed in the period they are incurred and do not become part of the cost of the product. Therefore, variable costing will not allocate fixed overhead costs to units that are not sold, resulting in lower fixed overhead costs on the income statement compared to absorption costing.
Option A is incorrect because variable costing does not allocate fixed overhead costs to units of production.
Option C is incorrect because the allocation of overhead costs is different under absorption and variable costing.
Option D is incorrect because variable overhead costs are allocated under both absorption and variable costing, and the allocation is based on the same cost driver.
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what is the goal of operations management in service industries?
Improving efficiency and effectiveness is the goal of operations management in service industries.
What is the goal of operations management in service industries?The goal of operations management in service industries is to improve the efficiency and effectiveness of the processes used to deliver services to customers. The service sector includes a wide range of industries such as healthcare, hospitality, transportation, banking, and retail, among others. In the service sector, operations management is concerned with the design, implementation, and control of processes that ensure the delivery of high-quality services to customers.
Operations management in service industries involves a number of activities, such as analyzing customer needs and requirements, designing service processes that meet those needs, managing the resources required for service delivery (such as staff, equipment, and facilities), and measuring and improving service quality. It also involves managing the customer experience, ensuring that customers have a positive experience with the service provider.
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Answer:
to provide a good experiences for those who use the service
Explanation:
hi meaning of branches
Answer:
Meaning of branches:Noun: 1. A part of a tree which grows out of trunk or stem or from a bough.
2. A division or subdivision of a the stem or axis of a tree, shrub, or other plant.
3. A limb, offshoot or a ramification of any main stem.
4. The branches of a deer's antlers.
5. Any member or part of a body or system.
6. The various parts of learning can also be termed as Branches.
Verb: a) [Of a tree or trunk]; to bear or send out branches.
b) [of a path or road]; to divide into one or more subdivision.
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You are willing to supply the most cookies at the _____ price, and consumers will demand the most cookies at the _____ price.
Answer:
The word should be "best"
Explanation:
It may not be, i cannot say for sure without a word bank but my guess is the word "best"
You are willing to supply the most cookies at the best price, and consumers will demand the most cookies at the best price.
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You are an investor and you have access to one risky asset and one risk-free asset. The risky asset has an expected return of 14.7%, with a volatility of 15.5%. The risk-free rate offers 0.7%. You goal is to create a portfolio with an expected return of 9.6%. What proportion of your investment do you need to put in the risky asset?
To create a portfolio with an expected return of 9.6%, an investor should allocate approximately 63.6% of the investment to the risky asset and 36.4% to the risk-free asset.
Let's denote the proportion of the investment allocated to the risky asset as x, and the proportion allocated to the risk-free asset as (1 - x). We can set up the following equation based on the expected return of the portfolio:
Expected Return of Portfolio = (x * Expected Return of Risky Asset) + ((1 - x) * Risk-Free Rate)
Substituting the given values:
9.6% = (x * 14.7%) + ((1 - x) * 0.7%)
To solve for x, we rearrange the equation:
0.096 = 0.147x + 0.007 - 0.007x
0.096 - 0.007 = 0.147x - 0.007x
0.089 = 0.14x
x = 0.089 / 0.14
x ≈ 0.636
Therefore, approximately 63.6% of the investment should be allocated to the risky asset, while the remaining 36.4% should be allocated to the risk-free asset in order to achieve the desired expected return of 9.6%.
In conclusion, to create a portfolio with an expected return of 9.6%, an investor should allocate approximately 63.6% of the investment to the risky asset and 36.4% to the risk-free asset. This allocation takes into account the expected return, volatility, and risk-free rate of the assets, considering the trade-off between risk and return.
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11-M.2 MASTERY PROBLEM (Review of Chapters 9, 10, and 11), p.
340
Journalizing and posting transactions
Journalizing is the systematic filing of transactions in the right journals. Every incident is documented with double-entry is corresponded in an opposite entry as well.
Journalizing transactionsOnce one's firm earns or spends money, post the transaction in at least two different accounts – a debit and a credit account. This is called the double-entry method.
Posting transaction is the transferring of the data one has recorded in journaling to ledger accounts
Therefore, the two concepts are as defined above.
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Describe each integration method and when best to use it.
**The integration methods mentioned are copy and paste, linking, and embedding
What are at least two things you should check for accuracy on your credit report?
It is important to check your credit report for accuracy on a regular basis. When checking your credit report, there are two main things you should look for: personal information and account information.
Your name, Social Security number, address, contact details, and date of birth are all considered to be personal information.
Creditor names, account numbers, balances, payment history, and any other public data are all included in account information.
As inaccuracies might result in inaccurate credit scores and other issues, it is crucial to make sure that all of this information is exact and current.
A smart technique to make sure your credit information is correct and current is to check your credit report for accuracy.
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"When using GDSS, the _____ input mechanism reduces negative behavior, including groupthink and criticism of individual member input.
Choices:
A. anonymous
B. parallel
C. simultaneous"
The anonymous input mechanism is used in GDSS to reduce negative behavior such as groupthink and criticism of individual member input.
In a group decision support system (GDSS), anonymous input mechanisms are often used to encourage participation and reduce social pressure, which can inhibit individual creativity and lead to groupthink.
By allowing group members to contribute their ideas anonymously, they can freely express their thoughts without fear of criticism or retribution.
This can lead to a more diverse range of ideas and perspectives being shared, ultimately resulting in better decision-making outcomes.
In contrast, parallel input mechanisms allow group members to share their ideas simultaneously but not anonymously, while simultaneous input mechanisms allow group members to share their ideas in real-time but not necessarily anonymously.
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In general, learning objectives
a. are made up of tables, charts, and graphs for analyzing.
b. contain quizzes and exercises for students to work through.
c. summarize the most important ideas in the chapter at the end.
d. are the main ideas you can expect to learn from reading the chapter.
In general, learning objectives at the end of a chapter summarise its key points.
What is the meaning of the learning objective?With the aid of a student learning objective, a teacher is able to measure their effect on students' achievement as it relates to a certain academic or elective criterion.
Effective learning requires the presence of learning objectives, also referred to as learning outcomes. They aid in articulating what the students should be able to perform after the instruction, which helps to create more successful lesson plans, activities, and evaluations.
Learning objectives are declarations that detail important knowledge that students have acquired and may credibly demonstrate at the conclusion of a course or programme. In other words, learning objectives specify what the student will be aware of and capable of performing at the conclusion of a course or programme.
Therefore, the correct answer is option c. summarize the most important ideas in the chapter at the end.
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TM
Find three websites that offer advice on how to manage restaurant staff well. Make sure that at least one of these sites is from an established source such as a professional organization or an expert in the field. Provide the links for the sites that you used and the article titles.
Then use your chosen sites to answer the questions:
1. What ideas or themes do the websites you chose have in common? Select two common themes and explain why they are important.
2. Other than the themes just discussed, what do you think is the best piece of advice that you read? Explain vour answer
3. Which piece of advice that you read about might be hardest to implement? What challenges could it potentially create?
4. Consider the advice from the employee's point of view. Discuss the point you read about that you think employees would appreciate most.
5. If you had to recommend one of the websites/articles as being the most useful, which would it be and why?
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
Three websites provide guidance on effective staff management for restaurants:
National Restaurant Association (https://restaurant.org/)
Toast Tab (https://pos.toasttab.com/)
Up serve (https://upserve.com/)
Write the Answers of he following Questions of the chosen sites?The effective communication and training themes are common to all of the websites. It is important to communicate well because it helps to reduce misunderstandings and improve teamwork among employees.
I read that providing employees with regular feedback was one of the best pieces of advice.
The suggestion that may be hardest to carry out is to consider representatives responsible for their presentation.
The significance of creating a positive work environment is one aspect that employees would appreciate the most.
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
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A 35-year-old client purchases a variable life insurance policy. Under current regulations, the maximum sales charge permitted over the life of the policy is A) 9% B) 8.5% per premium payment C) 9% per premium payment D) 8.5% of total premiums over the life of the plan
Answer: 9%
Explanation:
A variable life insurance policy is simply referred to as a contract between an individual and the insurance company. In the case of death to the individual, a certain amount would be paid to the family of the individual.
It should be noted that under current regulations, the maximum sales charge permitted over the life of the policy is 9% and this period should not be more than twenty years.
One of the determinants of employees' willingness to exert effort is the degree to which they value the rewards offered by the organization.
Answer:
True.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
An equality norm refers to a reward system in which the employer or human resource manager decide to compensate or pay the entire workforce the same amount of money without discrimination or favoritism.
Basically, it's paid regardless of individual productivity levels, in order to promote the ability to work effectively in groups.
However, one of the determinants of employees' willingness to exert effort is the degree to which they value the rewards offered by the organization. These rewards usually includes salary, overtime, transportation (car), house, pension, healthcare, allowances, etc.
Hence, the willingness of an employee to put in his best at his place of work by exerting more effort, is largely dependent on the reward system designed and being implemented in the organization.
For example, an employee who's given an official car with a driver, apartment, healthcare and work bonus is more inclined to perform excellently and loyal to his employer.
the demand curve for an individual perfectly competitive firm is downward sloping. perfectly elastic. perfectly inelastic. identical to the market demand curve.
The demand curve for an individual perfectly competitive firm is perfectly elastic.
In a perfectly competitive market, each individual firm is a price taker, meaning it has no control over the market price and must accept the prevailing price determined by market forces. As a result, the demand curve facing an individual firm in a perfectly competitive market is perfectly elastic.
A perfectly elastic demand curve means that the firm can sell any quantity of output at the prevailing market price without affecting the price. The firm is a small player in the market, and its individual actions do not have a significant impact on the overall market price.
In a perfectly competitive market, the demand curve for an individual firm is perfectly elastic. This implies that the firm can sell any quantity of output at the prevailing market price without affecting the price. The firm must adjust its production level to meet the market demand and cannot influence the price through its individual actions.
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Sharon is opening a new pizza restaurant that will use a combination of workers and ovens to produce pizzas. Sharon knows from experience that the total number of pizzas she can produce in an hour is given by the function q=4K0.5L0.5 , where q is the number of pizzas per hour, K is the number of ovens, and L is the number of workers. Suppose another pizza restaurant in the same town can produce 19 pizzas per hour. Being an extremely competitive person, Sharon wants to produce 20 pizzas per hour. Therefore, his total hourly cost function is given by ____
Answer:
Q+X = [4K^1/2L^1/2] + X
Explanation:
L = labour = workers
K = capital = ovens
You don't have the exact value of Q since the values of K and L are not given.
You should however note that Q is less than or equal to 19 pizzas/hour, since Sharon sought to stretch his capacity by producing up to 20 pizzas/hour owing to the presence of a competitor.
Assuming the distance/difference between 20 and Q is X (a positive number).
Sharon's new hourly cost function will be:
\(Q+X = [4K^1/2L^1/2] + X\)
Q+X = 20 and the law of mathematics states that whatever you add to the left hand side must be added to the right hand side, hence the addition of X to both sides of the equation instead of the left hand side alone.
The function can now be rewritten as 20 = [4K^1/2L^1/2] + X
where X = 20 - Q
Why is flexibility the most obvious benefit of road transportation? (Select all that apply.)
Transportation companies can employ driving teams of two drivers in the same truck to increase haul times and daily mileage.
Trucks can go anywhere that there are roads.
Truck shipments are impervious to weather conditions like fog, ice, heavy rain, and snow.
Transportation companies can set up systems for having a truck driver approaching his or her maximum driving hours take freight to a drop location where a fresh driver can pick it up and continue on with it.
Answer:
Trucks can go anywhere that there are roads.
Explanation:
Road transport is considered flexible due to the extensive road network. Practically, they are roads almost everywhere including, cities, estates, and villages. As long as there is a road, trucks will get there. Road transport will reach almost any destination as long as there is a road. This is the reason road transport is flexible.
Think about what you learned about the rise of new ways to buy and sell. complete each sentence with the right word. 1. credit is the ability to buy something now, with the promise to pay . 2. installments allow a person to make a purchase, then .
The capacity to purchase a good or service with the promise to pay for it later is known as credit. With instalment payments, we can buy something and pay for it over time. If one has $100 to pay, for instance, they can do so in instalments by paying perhaps $10 every week.
What is instalments?one of the categories into which a debt is subdivided for installment payments. one of multiple pieces offered in installments.
An equated monthly installment is a regular payment paid by a borrower to a lender on a preset day each month (EMI). EMIs are applied to the principal and interest each month in order to pay off the loan in full within the predetermined time frame.
Thus, The capacity to purchase a good or service.
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yang company sold merchandise for $2,000 cash. the event is subject to a state sales tax of 9%. recognizing the sale will require yang to
Recognising the sale will require Yang to recognize sales tax liability of $180.
A tax is a form of transfer of wealth from households and businesses to the government.
Types of Taxes
Sales tax: it is a type of consumption tax. It is the tax levied on the sales of products. An example is the value added tax. Excise tax: it is a tax levied on certain goods and services at the point of sale. This tax is usually levied on goods that the government wants to discourage its consumption. e.g. tobaccoIn order to determine the tax liability of Yang, this formula would be used:
sales tax x cost of goods sold
9% x $2000
0.09 x $2000
= $180.
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Customer relationship management is used for all of the following EXECPT
Can anyone help me with this question? Please and thank you.
A. to target highly valued customers.
B. to identify all customers who shop with the company.
C. to develop strong customer relationships.
D. to create offers tailored to specific customers.
Answer:
The correct answer is B.
Explanation:
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Which career is best suited for people who have a high school diploma?
- Administration and information support.
- Human resources.
- Business financial management and accounting.
- Business analysis.
Answer:
It should be Human resources because it is the least technical compared to the other three options.
The Federal Open Market Committee (FOMC) is made up of Multiple Choice the seven members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a rotating basis. the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks.
Answer:
the seven members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a rotating basis.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
The Federal Open Market Committee (FOMC) is comprised of the seven (7) members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a one-year term rotating basis. The FOMC are typically responsible for making monetary policy and the determination of the direction of the monetary policy in the United States of America.
If you have equal numbers of men and women in a group, the group will have job satisfaction than a group that is made up of all men.
It is more likely that the group with equal number of gender will have job satisfaction than a group that is made up of all men.
What is a job satisfaction?This refers to the positive emotional state that results from the employees appraisal of one's job or job aspects.
The group with equal number of gender will have job satisfaction because there will be proper corporation between the genders.
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Angelo works as the frozen food manager in a large grocery store. When his stock of two-pound bags of frozen shrimp gets down to two cases, he emails the warehouse to send ten cases to restock. The type of decision angelo is making about restocking shrimp is a?.
The type of decision Angelo is making about restocking shrimp is a programmed decision.
programmed decisions are those which might be repeated over the years and for which a present set of rules may be evolved to manually the procedure.
A brief description of different sorts of programmed and non-programmed decisions is given beneath:
Organizational and private selections: those selections reflect the use of authority. Operational and strategic choices: research and disaster—intuitive selections.opportunity and hassle-fixing decisions.programmed decisions are decisions that have been made so normally within the past that managers have advanced guidelines or recommendations to be implemented whilst positive conditions unavoidably occur. An instance of a programmed choice is whilst a workplace manager orders extra materials while the inventory drops to a certain degree.
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The type of decision Angelo is making about restocking shrimp is a programmed decision.
Programmed decisions are those which might be repeated over the years and for which a present set of rules may be evolved to manually the procedure.
A brief description of different sorts of programmed and non-programmed decisions is given beneath:
Organizational and private selections: those selections reflect the use of authority.
Operational and strategic choices:
research and disaster—intuitive selections.opportunity and hassle-fixing decisions.Programmed decisions are decisions that have been made so normally within the past that managers have advanced guidelines or recommendations to be implemented whilst positive conditions unavoidably occur.An instance of a programmed choice is whilst a workplace manager orders extra materials while the inventory drops to a certain degree.
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Walmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answer:
cost leadership/competitive advantage
John traded five acres on the top of a mountain for two acres next to a lake with lake rights. this is an example of:________
John traded five acres on the top of a mountain for two acres next to a lake with lake rights, is an example of a property exchange or a land swap.
This is also known as an example of a barter trade or exchange. John traded five acres of land located on the top of a mountain for two acres of land next to a lake with lake rights. In this case, John gave up the larger piece of land on the mountain in exchange for the smaller piece of land near the lake, which likely had additional value due to its proximity to the lake and the included lake rights.
This example represents a trade or exchange of assets based on individual preferences and values. John's decision to trade five acres on the top of a mountain for two acres next to a lake with lake rights illustrates the concept of subjective value. In this case, John values the proximity to the lake and the associated rights more than the larger quantity of land on the mountain. This transaction reflects the principle of voluntary exchange, where both parties believe they are gaining something of higher value in return. The trade is driven by personal preferences, highlighting the subjective nature of value in economic decision-making.
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In many parts of the US, local governments impose additional taxes on sugary or soda drinks to discourage consumption and promote healthier habits. These taxes are examples of "sin taxes." Other examples include additional taxes on cigarettes and vapes. Now suppose Colorado Springs imposes a "soda tax" within city limits. Which of the following is a likely unintended consequence of this tax?
O Some people will switch to water and juice. Some people will stop liking soda altogether. No one will change their behavior because price doesn't matter when it comes to soda. O Some people will drive to Fountain to purchase cheaper soda.
Answer: I think its the third one because if people don't want it they won't pay to drink soda then the soda industry wouldn't like that, and they wouldn't be able to profit, thus making them rebel against the government, or people will illegally sell toxic sodas and make a profit because the people are so desperate to drink it. They could also move out of the state if there like really desperate and make the states really unpopulated and cause a disaster if they all move and there's not any living space in other states. I hope this helps!: ) Im sorry if it's wrong: (