Consider the Part Type Selection problem we covered in class. This problem helps us determine
which parts we will produce in a new FMS. The problem assumes that we have candidate parts ii =
1,2, ... NN, that the total savings achieved by producing part ii in the FMS is ssii and that we know that
there is a ‘key bottleneck’ in the FMS, which has PP available time units. Each part ii requires a total
processing time ppii in the ‘key bottleneck’.
In class we saw that a way to solve this problem is the following Greedy Heuristic:
Step 1: Order parts [1] to [N] such that
ss[1]
pp[1]
≥ ss[2]
pp[2]
≥ ⋯ ≥ ss[NN]
pp[NN]
Define remaining available time TT = PP
Step 2: For ii = 1 ... NN select part [ii] and add the part to the FMS if ppii < TT and ssii > 0. Each
time you add a new part ii, update remaining available time as TT = TT − ppii.
Now suppose you had 3 ‘key bottlenecks’ (that is 3 resources that each might be the bottleneck
depending on the parts you choose to produce in the FMS). These resources have PP,QQ and RR time
units available respectively. And each part ii requires a total processing time ppii, qqii and rrii in each of
the three, respectively.
Modify the algorithm above to solve the 3-bottleneck version of the problem

Answers

Answer 1

The modified algorithm for the 3-bottleneck version of the Part Type Selection problem is as follows:

Step 1: Order the parts [1] to [N] such that the ratios of the total savings achieved by producing part ii in each bottleneck to the processing time in that bottleneck are in non-increasing order. In other words, arrange the parts such that ss[1]/pp[1] ≥ ss[2]/pp[2] ≥ ... ≥ ss[NN]/pp[NN] for the first bottleneck, ss[1]/qq[1] ≥ ss[2]/qq[2] ≥ ... ≥ ss[NN]/qq[NN] for the second bottleneck, and ss[1]/rr[1] ≥ ss[2]/rr[2] ≥ ... ≥ ss[NN]/rr[NN] for the third bottleneck.

Define the remaining available time for each bottleneck as TT = PP, QQ = QQ, and RR = RR.

Step 2: For ii = 1 to NN, select part [ii] and add it to the FMS if ppii < TT, qqii < QQ, and rrii < RR. Each time a new part ii is added, update the remaining available time for each bottleneck as TT = TT - ppii, QQ = QQ - qqii, and RR = RR - rrii.

Continue selecting and adding parts until there are no more parts that satisfy the time constraints for all three bottlenecks.

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Related Questions

Mia doesn't have any credit history, so she's going to open a secured credit card to begin building her credit. She puts down an $800 security deposit. What feature of an unsecured credit card is Mia's security deposit most like?
the APR
the term
the credit limit
the annual fee

Answers

Answer:

i think it will be A OR C

Explanation:

The APR feature of an unsecured credit card is Mia's security deposit most like. If the new card doesn't offer a cheaper annual percentage rate, there is no benefit in transferring his credit card balance from one to the other.

What ways does a secured credit card aid in building credit history?

If you consistently make on-time payments, stay out of late fees, and maintain a low balance on your secured credit card, you might be able to create or improve your credit score. Most secured credit cards will notify the three credit reporting bureaus of your payment activity.

You won't have a credit score if you haven't used credit yet. After you open your first credit line, such as a credit card or student loan, you start to develop your credit score. At that time, how you use that first credit account affects your credit score.

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The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?

A
Yes, because both parties willingly entered the exchange and benefited from it.

B
Yes, because one party exchanged money with another party for a good or service.

C
No, because Jiro was not aware of the final cost before he agreed to the exchange.

D
No, because the plumber’s service was not equal in value to the money paid by Jiro.

Answers

Answer:

A

Explanation:

It’s not b

The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it.  Hence, Option A is correct.

What is a voluntary exchange?

Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.

A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.

Given that both parties  entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.

Therefore, Option A is correct.

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Explain how long-term profitability affects pricing.

Answers

Answer:

A price increase

Deals and promotions

Poor customer experiences

Innovation that delivers value

Explanation:

Question 1
All of the below are examples of noteworthy news that could generate positive media mentions, EXCEPT


Hiring a new employee




A partnership with a local nonprofit that you donate to




Growth of your business into new markets or product lines




A new product or service rollout

Answers

Answer:

A new product or service rollout

Explanation:

While a new product or service rollout can be important for a business, it is not necessarily noteworthy news that would generate positive media mentions. Positive media mentions typically come from news that is unique, impactful, or of significant interest to the public, such as a partnership with a local nonprofit or growth of a business into new markets or product lines. Hiring a new employee is also noteworthy news, as it can demonstrate growth and success for a business.

A variable can be called or referenced before it has been defined.
O True
O False

Answers

Answer:

True.

Explanation:

8. Efficiency and Equity Do "liberals" care more about fairness than "conservatives"?

Answers

Liberals and conservatives may prioritize fairness and equity differently, but it is important to recognize that both ideologies value these principles.

Liberals often advocate for policies aimed at reducing economic inequality, promoting social justice, and ensuring equal opportunities for all individuals. They emphasize the need for government intervention to address systemic injustices and create a more equitable society. Conservatives, on the other hand, generally emphasize individual liberty, personal responsibility, and limited government intervention. They believe that a free market system, with minimal government interference, can promote fairness by allowing individuals to keep the rewards of their own efforts and decisions. It is inaccurate to make broad generalizations about which group cares more about fairness. Both liberals and conservatives have concerns about equity, but they may have different perspectives on the most effective ways to achieve it. It is important to consider the diversity of opinions within these ideologies and engage in respectful dialogue to understand and appreciate the various perspectives on fairness and equity.

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Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.

Answers

Banks do not hold a lot of their assets in the form of cash mainly because of  the opportunity cost of holding cash, cash does not earn interest.  The correct option is C.

Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.

The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.

Therefore, due to the  opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .

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What is Average cost

Answers

Arvrage cost is the total cost divided by the number of units.

Which of the following is an intangible noncurrent asset?

Which of the following is an intangible noncurrent asset?

Answers

The answer is A. Equipment

Answer:

Trademark

Explanation:

TRUE/FALSE.Money laundering is the process criminals or criminal organizations use to disguise illicit proceeds by introducing them into the stream of legitimate commerce and finance.

Answers

TRUE. Money laundering is the process of hiding the true origin and ownership of illicit funds by making them appear as if they came from a legitimate source.

This is done to conceal the origin of the funds, making them appear as if they came from legal sources, and ultimately allowing criminals to use the proceeds without detection. This process typically involves three stages: placement, layering, and integration, each designed to further obscure the illegal origin of the funds.

Criminals or criminal organizations often use this method to conceal their illegal activities and make it difficult for law enforcement agencies to track their activities. Money laundering involves various stages, including placement, layering, and integration, and it can have severe consequences on the economy and society as a whole.

Therefore, it is essential to understand the concept of money laundering and take appropriate measures to prevent it.

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(1 point) 20. Samantha, who is the vice president of the marketing department, has asked you to prepare a positioning map for her presentation to the board​

Answers

Answer:

Answer: You are preparing a map that shows consumer perceptions of the company's brand versus the competition's products.

Explanation:

While preparing a positioning map, one needs to prepare a map that shows consumer's perception of the company's brand against the competitive product in the market.

What is a positioning map?

Positioning map is a tool commonly used by people who are  marketing or working with the product they are trying to market. The idea is that everyone perceives a particular product differently. Positioning map helps the organization in knowing the actual position of the brand in the competitive marketplace.

What do you mean by consumer's perception?

Customers' awareness, impressions, and views about your business, products, and brand are referred to as "customer perception." Multiple factors influence customer perception, including direct and indirect experiences with your services.

What is a brand?

A brand refers to an intangible concept of marketing or business world that allows people to recognize a firm, a product, or a person. A product, business, or person's brand is how those who interact with it are perceived.

What is competitive product?

Any good or service created, acquired, sold, or distributed by the company is regarded as a competitive product if it directly or indirectly competes with, is strikingly similar to, or reasonably replaces any good or service in the company's analysis, evolution, or style.

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Select the false statement about a budget

A budget balances net income and expenses.

A budget provides input to financial planning.

A budget is an emergency fund.

A budget should be reviewed regularly.

Answers

budget is an emergency fund is the false statement

Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purchase contract provides for a Mar. 15 settlement. Tommy and the sellers prorate the present year's real estate taxes of $1,880.96, which have been paid. The buyer is responsible for the day of closing. Tommy has additional closing costs of $1250. Using the "actual number of days" method, how much cash must Tommy bring to the settlement?

Answers

Answer: $17,654.97

Explanation:

In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.

Then we get the daily rate which will be:

= $1,880.96/365

= $5.153.

Then, we multiply the daily rate of $5.153 by the number of days which will be:

= $5153 × 292 days

= $1,504.97.

Then, we calculate the down payment, which will be:

= $84,500 - $67,600

= $16,900

We then deduct the $2,000 that has already been paid. This will be:

= $16900 - $2000

= $14900

Adding together all the values then the total cash that Tommy must bring to the settlement will be:

= $14900 + $1,504.97 + $1,250

= $17,654.97

________ offer a limited assortment of general merchandise at very low prices and are often found in lower-rent locations.

Answers

Answer:

D. Extreme Value Retailers

Explanation:

I majored in Business

Under which of the following two scenarios would demand be more elastic? Explain. (a) Demand for a new car. (b) Demand for a tank of gas for your current car.

Answers

Demand for a tank of gas for your current car would be more elastic (elastic demand) than demand for a new car.

The elasticity of demand is the degree to which changes in price affect the quantity demanded by consumers. Elastic demand is when price changes affect demand significantly, while inelastic demand means that changes in price have little effect on demand. The demand for a tank of gas for your current car would be more elastic than the demand for a new car because:

When the price of gas increases, consumers are more likely to make changes to their behavior to compensate, such as driving less, carpooling, or using public transportation. Therefore, demand for gas is more elastic because it is more sensitive to changes in price.

On the other hand, the demand for a new car is less elastic because it is a more significant investment for consumers, and they are less likely to adjust their behavior in response to price changes. Instead, they may delay purchasing a new car or choose a lower-priced model, but they are unlikely to stop buying cars altogether.

The elasticity of demand is calculated as follows: Elasticity of demand = percentage change in quantity demanded / percentage change in price the elasticity of demand is greater than 1, demand is considered elastic. If it is less than 1, demand is considered inelastic. If it is equal to 1, demand is considered unit elastic.

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The value of used goods ___ counted as part of gdp___

Answers

The value of used goods is not counted as part of GDP (Gross Domestic Product).

What is GDP?

Gross Domestic Product measures the value of all final goods and services produced within a country s borders during a specific period of time usually a year used goods are already included in the gdp in the year they were produced and sold as new goods if a used good is resold it does not contribute to current production or income and therefore it is not included in gdp only the sale of new goods and services counts towards gdp

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Relationship between public and private sector in mixed economy?​

Answers

Answer:

Mixed economy is referred to the economic system in which both public sector and private sector coexist. In this type of economic system, private sector as well as the state direct the economy and the means of production is shared between them.

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according to fiedler, what type of leaders are primarily concerned with developing good relationships with their subordinates and being liked by them? group of answer choices

Answers

According to fielder, relationship-oriented leaders are primarily concerned with developing good relationships with their subordinates and being liked by them.

Relationship-oriented leadership, also referred to as people-oriented leadership, places special emphasis on encouraging and energizing teams or work groups as well as the relationships within them. Healthy work environments, team unity, and the satisfaction of both the individual members and the group are prioritized by relationship-oriented leaders.

Positive relationships and a collaborative environment are fostered by effective relationship-oriented leadership, which promotes teamwork and effective communication in teams. Strong group performance and high retention rates as a result of employees' positive work experiences are the desired outcomes of this style of leadership.

Relationship-focused leadership inspires employees to work creatively, which raises employee satisfaction. The well-being of the workforce is also prioritized by this leadership approach, which enhances the working environment.

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“Creditors do not actually have to worry about their dues in case the business fails.” In which
form of business is this possible? Which special feature is highlighted in this statement ?

Answers

Answer:

Sole proprietorship

The sole proprietor(not creditors but creditor) bears all losses

Explanation:

Sole proprietorship is a form of business in which there is no legal difference between the owner and the business entity as both are one and the same. The term 'sole' connotes 'only' while 'proprietorship' connotes 'owner(ship)'; it is also referred to as individual entrepreneurship. This is because only the owner of the business (the proprietor) bears all the risks (losses, debts, legal actions etc) and benefits (profits, dividends etc) of the business venture. He owns all the assets of the business venture, debts as well as the legal actions (whether positive or negative); when business is faring well, he enjoys a handsome profit and when business is struggling, he also bears the brunt of it.

The special feature highlighted in the statement above is the reality that the "creditors" refers simply and only to the proprietor (the owner of the business); in which case, if the business fails, the proprietor does not have to bother about the backlash from creditors' pressures, legal actions etc. He is the sole bearer of the losses of the business venture.

Write a School Newspaper Article that Highlights the Contributions of School-Health-and-Safety Personnel
Assignment
In this assignment, you will create a fictional school-staff member who is employed in one of the four health-and-safety fields described in this lesson. You will use your imagination to invent a name and biography for your fictional employee, and you will use the information in this lesson to invent realistic job responsibilities for your fictional employee. You may use outside sources to supplement the information supplied in this lesson. You will then write a newspaper story that summarizes your character's achievements and responsibilities. While the article is about a fictional person, who works in a fictional school, the information concerning the person's job responsibilities should be realistic and believable.

To complete this assignment, you will:

Create a fictional employee who works in one of the four health-and-safety fields described in this lesson.
Invent a name, biography, and work history for your fictional employee.
Write a 750-word article for a school newspaper that highlights the contributions your fictional employee makes to a school.
List all references used in the assignment.

Answers

School environments that are safe and healthy encourage student engagement and prevent risky behavior. Health-hazardous behaviors are associated with subpar academic performance and worse grades.

Article Outlining School Health and Safety Staff's Contributions

Employees in school health and safety: Unsung Heroes in Our Schools

Although schools are generally thought of as safe havens for students, it can be difficult to preserve their safety and welfare. Dedicated and hardworking individuals work tirelessly behind the scenes to ensure that schools are secure and healthy spaces for children to learn and grow. The school nurses, counselors, psychologists, and social workers—four distinct professions that make up the health and safety staff—are these hidden heroes.

One such committed worker is Sarah Johnson, the school nurse at East High School. Sarah has worked at East High School for the past five years. She is a nurse with 15 years of experience. With a nursing degree from the University of Michigan, she graduated. Sarah enjoys her job and is passionate about making sure the students are safe and well-cared for.

Sarah's job involves a diverse variety of responsibilities. She is in responsible of evaluating the health requirements of the students, providing first aid and other emergency care, distributing medication, and keeping an eye on individuals who have persistent medical conditions. She collaborates with other healthcare providers and neighborhood organizations to conduct health screenings, inform students and staff about their health, and provide counseling and health education.

Sarah has given the school community immeasurable support. In addition to educating pupils about diet and fitness, she has assisted asthmatic students in managing their condition. She has also collaborated with instructors to provide a secure and healthy learning environment. She has also offered tools and help to families and students who are struggling with challenging medical conditions.

One such school counselor who is essential to the health and safety staff at West Middle School is John Brown. John has worked as a counselor for 20 years, the past 10 of which he has spent at West Middle School. He graduated from Michigan State University, where he also earned a counseling degree. John is passionate about helping kids through the challenges of adolescence while providing them with the support they need to achieve.

John's job include helping children with their academic, social, and personal issues. He collaborates with teachers to create a welcoming learning environment, provides both individual and group therapy for children, and helps them develop coping mechanisms for stress and anxiety. He collaborates with parents, community associations, and other professionals to support children's academic and social development.

John has contributed so much to the school's community. He has aided children in coping with the stress of middle school and helped them develop the self-confidence and resilience they need to succeed in school and in life. He has also worked with teachers to create a helpful and inviting classroom environment. Also, he has provided support and resources to families and kids who are dealing with serious personal issues.

The school health and safety team must also include school psychologists and social workers. They offer assistance and services to families and kids who are struggling with emotional and behavioral problems. To foster a welcoming and supportive learning environment at school, they collaborate closely with teachers, counselors, and administrators. To further the welfare of students and families, they work with neighborhood associations and other experts.

In conclusion, staff employees who work in school health and safety are unsung heroes in our classrooms. They work nonstop to keep the schools where our children go safe and healthy learning environments. John Brown, Sarah Johnson, and other school health and safety staff members all share a dedication to the welfare of children and a love for what they do. They are highly appreciated and play a crucial part in the daily operations of the school.

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A wedding party hired a sole proprietorship to cater their wedding. In this situation the sole proprietorship is a corporation and the employee who handled the job is a partner. If the sole proprietorship is a corporation and its employee poisons the cake, then who is liable?

Only the employee who poisoned the cake is liable.
Only the employee who poisoned the cake is liable.

Only the sole proprietorship is liable.
Only the sole proprietorship is liable.

The corporation is liable.
The corporation is liable.

Only the partner is liable.

Answers

If the sole proprietorship is a corporation and its employee poisons the cake, then only  the sole proprietorship is liable. The second option is correct.

A sole proprietorship, also known as a sole tradership, individual entrepreneurship, or proprietorship, is a type of business owned and operated by a single person with no legal distinction between the owner and the business organisation. A sole trader does not always work alone and may hire others.

The solo trader receives all profits and is personally liable for any losses and debts. Every asset of the business is owned by the proprietor, as are all obligations of the business; the business is not a separate legal entity.

Thus, the sole trader is the only owner of the business he is liable for any action of his employees.

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Question Three Question Three List and briefly describe the six main processes involved in project integration management. 3 Marks

Answers

A key component of project management is project integration management, which entails coordinating and integrating numerous project activities in order to accomplish project goals.

The following are the six primary project integration management processes:1. Develop the project charter. This process entails writing a document that formally approves the project and outlines its primary goals, stakeholders, and specifications. The project charter lays the groundwork and offers a clear direction for the project.2. Create a detailed project management plan. This phase focuses on creating a plan that describes how the project will be carried out, tracked, managed, and closed. Plans for the project's scope, timeline, budget, quality, resources, communications, risk management, and stakeholder involvement are included.3. Oversee and Control Project Work: In this section, the project team carries out the

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The following information is available to reconcile Severino Co.'s book balance of cash with its bank statement cash balance as of December 31, 2017. a. The December 31 cash balance according to the accounting records is $32,878.30, and the bank statement cash balance for that date is $46,822.40. b. Check No. 1273 for $4,589.30 and Check No. 1282 for $400, both written and entered in the accounting records in December, are not among the canceled checks. Two checks, No. 1231 for $2,289 and No. 1242 for $410.40, were outstanding on the most recent November 30 reconciliation. Check No. 1231 is listed with the December canceled checks, but Check No. 1242 is not c. When the December checks are compared with entries in the accounting records, it is found that Check No. 1267 had been correctly drawn for $3,456 to pay for office supplies but was erroneously entered in the accounting records as $3,465. d. Two memoranda are enclosed with the statement and are unrecorded at the time of the reconciliation. The first is for a $762.50 charge that dealt with an NSF check for $745 received from a customer, Titus Industries, in payment of its account. The bank assessed a $17.50 fee for processing it. The second is $99 in miscellaneous expenses for check printing. e. The bank statement shows that the bank collected $19,000 cash on a note receivable for the company, deducted a $20 collection expense, and credited the balance to the company's Cash account. Severino did not record this transaction before receiving the statement. f. Severino's December 31 daily cash receipts of $9,583.10 were placed in the bank's night depository on that date but do not appear on the December 31 bank statement. Required 1. Prepare the bank reconciliation for this company as of December 31, 2017 2. Prepare the journal entries (in dollars and cents) necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of December 31, 2017. Check (1) Reconciled balance, $51,005.80; (2) Cr. Notes Receivable, $19,000.00

Answers

The sum of the aforementioned journal entries is a credit of $51,005.80, bringing the book balance and the reconciled cash balance as of December 31, 2017 into agreement.

Bank Reconciliation for Severino Co. as of December 31, 2017:

Book balance of cash as of December 31, 2017: $32,878.30

Add: Deposit in transit (December 31 receipts): $9,583.10

Adjusted book balance of cash: $42,461.40

Bank statement cash balance as of December 31, 2017: $46,822.40

Less: Outstanding checks:

Check No. 1231: $2,289.00

Check No. 1242: $410.40

Check No. 1273: $4,589.30

Check No. 1282: $400.00

Adjusted bank statement cash balance: $39,143.70

Add: Deposited but unrecorded note receivable collection: $19,000.00

Add: NSF check charge and bank fee: $762.50

Add: Miscellaneous expenses: $99.00

Adjusted reconciled balance of cash as of December 31, 2017: $51,005.80

Journal Entries to Bring Book Balance of Cash into Conformity with Reconciled Balance:

a. Adjust for outstanding checks:

Debit: Accounts Payable - Check No. 1231: $2,289.00

Debit: Accounts Payable - Check No. 1242: $410.40

Debit: Accounts Payable - Check No. 1273: $4,589.30

Debit: Accounts Payable - Check No. 1282: $400.00

Credit: Cash: $7,688.70

b. Adjust for error in recording Check No. 1267:

Debit: Office Supplies Expense: $9.00

Credit: Cash: $9.00

c. Adjust for NSF check charge and bank fee:

Debit: NSF Expense: $762.50

Debit: Bank Service Charge Expense: $17.50

Credit: Cash: $780.00

d. Adjust for miscellaneous expenses:

Debit: Miscellaneous Expense: $99.00

Credit: Cash: $99.00

e. Record the deposited but unrecorded note receivable collection:

Debit: Cash: $19,000.00

Credit: Notes Receivable: $19,000.00

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Before you move forward, summarize the changes you will need to make to your new budget. Describe these changes in at least two sentences.

Answers

Answer: yes

Explanation:

The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.

Answer:

The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.

Explanation: I just did the test an got a 100

When an individual withdraws funds from a checking account the: Select one: a. bank's balance sheet shrinks but the size of the Fed's balance sheet increases. b. size of the bank's balance sheet stays the same but the size of the Fed's balance sheet shrinks. c. bank's balance sheet shrinks but the size of the Fed's balance sheet is not affected. d. bank's balance sheet shrinks and so does the Fed's balance sheet.

Answers

Answer:

c. bank's balance sheet shrinks but the size of the Fed's balance sheet is not affected

Explanation:

In the case when an individual withdraws the amount from the checking account so the balance sheet of the bank should shrink but overall the size of the balance sheet of fed is not impacted

So according to the given situation, the option c is correct

Hence, the same should be considered

What is the nature of business

Answers

Usually, when filling out some kind of form, "nature of business" refers to the type or general category of business or commerce you are describing. For example, if you worked at McDonald's, the nature of your business is food services.
Hopefully this helped. I had to figure it out.

what are some choices you have made/could make that would influence your future choices and options?

i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).​

Answers

Answer:

I would have good company.

I would ensure that I have good communication skills.

I would have a mentor in my choice of career/study or life in general.

I would have a personal relationship with God.

Explanation:

In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.

Which statement BEST describes why a successful entrepreneur needs to be flexible
a. Starting a new business often leads to envy in the wider business community.
b. People with whom entrepreneurs work are often opinionated and rigid.
c. Entrepreneurial ventures involve risky situations and unexpected events.
d. Initial business revenues tend to be low and may remain low for several years.

Answers

The statement that BEST describes why a successful entrepreneur needs to be flexible is c. Entrepreneurial ventures involve risky situations and unexpected events.

Successful entrepreneurs must be able to adapt to changes and unexpected challenges that may arise in their business ventures. Being flexible allows them to pivot their strategies and make necessary changes to remain competitive and successful.

The entrepreneurial journey is characterized by taking risks, navigating through uncharted territories, and adapting to changing market conditions. Flexibility enables entrepreneurs to quickly respond to unforeseen circumstances, adjust their strategies, and seize new opportunities. It helps them navigate through obstacles, pivot their business models if needed, and embrace innovation. By being flexible, entrepreneurs can effectively manage the uncertainties and complexities inherent in entrepreneurial endeavors, increasing their chances of success in a dynamic and competitive business landscape.

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Leigh gathers and reviews statistics to judge the level of risk that different customers will encounter negative
outcomes. Leigh's job title is best described as
Julio processes insurance claims by calculating the amount owed and paying it to the correct person or company. His
job title is best described as
Claude researches and investigates insurance claims to determine what happened and how much the insurance
company needs to pay. His job title is best described as
Silvia analyzes insurance applications to determine the level of risk the customer would present. Based on the
customer's level of risk, she decides whether to accept the application and give the customer an insurance policy. Her
job title is best described as

Answers

1-Actuary

2-Insurance Claims Clerk

3-Insurance Adjuster

4-Insurance Underwriter

Leigh's job title is best described as an Actuary.

What does an Actuary do?

Actuaries assess the financial consequences of risk and uncertainty.They assess the risk of potential events using mathematics, statistics, and financial theory, and they assist businesses and clients in developing policies that reduce the cost of that risk. The work of actuaries is critical to the insurance industry.

Julio's job title is best described as Insurance Claims Clerk.

What does an Insurance claim clerk do?

A insurance claims clerk is a professional who verifies the consistency and correctness of insurance claim paperwork.Their primary objective is to settle a claim with an insurance company and finalize payment amounts.Claims clerks also help the claims personnel team with clerical work.

Claude's job title is best described as Insurance Adjuster.

What does an insurance adjuster do?

The insurance adjuster works for the insurance company that pays the claim. They will investigate what occurred and estimate the claim payment.When reviewing your claim, the adjuster may inspect the damages, review police reports, speak with witnesses, or request additional information.

Silvia's job title is best described as an Insurance underwriter.

What does an Insurance underwriter do?

Insurance underwriters use computer software programs to evaluate whether or not to approve an applicant.Insurance underwriters determine whether and under what conditions to provide insurance. They assess insurance applications and set coverage limits and premiums.

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How should managers balance fairness (consistency of
disciplinary actions) with the fact that people are unique, have
different situations, and do not necessarily respond to the same
treatment?

Answers

Managers should balance fairness (consistency of disciplinary actions) with the fact that people are unique, have different situations, and do not necessarily respond to the same treatment by being flexible and considering each employee's situation individually.

This can involve taking into account factors such as an employee's past performance, their personal circumstances, and the nature of the offense committed.

Additionally, managers should ensure that disciplinary actions are proportionate to the severity of the offense and that they are communicated clearly and consistently to all employees.

Overall, managers should strive to treat employees fairly and consistently while recognizing and responding to the unique circumstances of each individual.

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