Price indexes that track how the cost of products and services has changed through time are displayed in Exhibit 3.
These indexes are created by economists using a weighted average of prices, where the weights correspond to the relative value of each item in the measurement basket. The association between the year (an independent variable) and the adjusted price index (a dependent variable) can be examined using Excel regression. The amount of variation in the dependent variable that can be explained by the independent variable is shown by the coefficient of determination (R-squared).
For each unit change in the independent variable, the regression coefficient indicates the change in the dependent variable. The correctness and applicability of the model's assumptions and input data determine whether the regression equation can be used to forecast future price indices. When interpreting the results of a regression, it is important to take into account additional aspects like statistical significance and macroeconomic conditions.
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Food stamps, Medicare, and Social Security
Which of the following are considered uncontrollable spending items in the federal budget?
Uncontrollable spending items in the federal budget refer to government expenditures that are determined by existing laws and are not subject to the annual budgeting process or discretionary spending decisions.
Of the options provided, Medicare and Social Security fall under this category. These programs are often called entitlements because people who meet certain eligibility requirements are entitled to receive benefits.
Social Security provides retirement, disability, and survivor benefits to eligible individuals, while Medicare is a health insurance program for people aged 65 and over, as well as for some younger people with disabilities. Both of these programs have been established by law, and changing them would require significant legislative action.
On the other hand, food stamps (or SNAP) is considered a discretionary spending item because Congress determines the amount of funding for the program each year through the appropriations process. This means that the amount of funding can be changed based on the priorities of the current Congress and administration.
Overall, uncontrollable spending items are an important part of the federal budget, and policymakers must carefully consider their long-term sustainability given the demographic changes underway in the United States.
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7. Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a custo
what section of the marketing report should she review?
To learn how familiar a customer is to the company, Jannah must look at the leads section of the marketing report.
What is a marketing report?It consists of a document through which an organization can visualize its performance over a period of time, through the analysis of data and information about the company's actions and strategies to achieve objectives and goals in the market.
Through qualitative and quantitative reports related to communication and sales, for example, the company is able to make more significant decisions about its strategy, with evaluations and corrections that will contribute to continuous improvement and positioning in the market.
So leads could be the section that Jannah would review to identify a potential customer, as this data significantly demonstrates an individual who engages with the company's business and can be turned into a customer.
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You are a member of a defined-benefit plan that pays a 1.8 percent benefit for each year of service based on your best five year's earnings. If you qualify for an unreduced pension and have worked for the company for 27 years, your pension will be approximately
a.
48.6 percent of the average of your best five years' earnings.
b.
50 percent of the average of your best five years' earnings.
c.
48.6 percent of the average of your last five years' earnings.
d.
The answer is unknown because the benefit must be calculated by an actuary.
Based on the information provided, the defined-benefit plan pays a 1.8 percent benefit for each year of service based on the best five years' earnings. If you have worked for the company for 27 years and qualify for an unreduced pension, we can calculate the approximate pension amount.
To calculate the pension amount, we need to determine the percentage of the average of your best five years' earnings that will be paid as a benefit. Since the plan pays a 1.8 percent benefit for each year of service, for 27 years of service, the total benefit percentage would be 27 multiplied by 1.8 percent, which is 48.6 percent.
Therefore, the correct answer is option (a): 48.6 percent of the average of your best five years' earnings. This means that your pension will be approximately 48.6 percent of the average of your earnings during the five years in which you earned the most.
It's important to note that this calculation assumes that the benefit is based on the best five years' earnings, as stated in the question. If the benefit calculation is based on different criteria, such as the average of your last five years' earnings, the pension amount would be different. However, based on the information given, the most accurate answer is option (a).
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What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
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The first volunteer fire company began in Philadelphia in 1735, under the
leadership of
Answer:
The first volunteer fire company began in Philadelphia in 1735, under the
leadership of Benjamin Franklin.
What do you think is the main economic reason why businesses grow and fail and why?
MUST BE WRITTEN IN COMPLETE HIGH SCHOOL LEVEL SENTENCES (at least 5 sentences)
Answer:
Businesses grow and fail for a variety of economic reasons, but one of the main reasons why businesses grow is due to economies of scale. As a business grows, it can produce more goods or services at a lower cost per unit, which allows it to be more competitive and profitable. Additionally, businesses may also grow by expanding into new markets, increasing their customer base, and diversifying their products or services.
On the other hand, one of the main reasons why businesses fail is due to a lack of financial management. Businesses need to carefully manage their finances to ensure they have enough cash flow to operate and to invest in growth opportunities. If a business has poor financial management, it may not be able to pay its bills or debts, which can lead to bankruptcy.
Another reason why businesses fail is due to changes in the market or industry. Technology, competition, and consumer preferences can all change quickly, and businesses that fail to adapt may lose market share or become irrelevant. Finally, businesses may also fail due to poor management or leadership, which can result in a lack of strategic direction, low employee morale, and inefficient operations.
Answer:
One of the main economic reasons why businesses grow is the desire for increased profits. As businesses expand, they can take advantage of economies of scale, which allows them to produce goods and services more efficiently and at a lower cost. This can result in higher profits for the business. However, growth can also lead to increased competition, which can make it harder for businesses to maintain their market share and profitability.
On the other hand, businesses can fail due to a variety of factors. One major reason is poor financial management, including overspending, poor cash flow management, and failing to plan for the future. Additionally, businesses can fail if they don't offer a product or service that customers want or need. Finally, external factors such as changes in the economy or regulatory environment can also contribute to business failure.
Nora wants to participate in an unpaid internship at an accounting firm this summer. Her parents want her to get a job bagging groceries at a local store.
Why would Nora MOST likely prefer an unpaid internship opportunity to a paying job?
A. Nora wants to graduate from college earlier than her peers.
B. Nora wants to engage in experiential learning in business.
C. Nora wants to practice writing her resume and cover emails.
D. Nora wants to learn about not-for-profit businesses.
Answer: B
Explanation: Nora, I believe, wants to engage in business experiential learning because she would not pass up a paying opportunity for no reason. Furthermore, the benefits of unpaid internships, such as beginning to build your professional network, developing skills, and receiving valuable feedback from professionals, can help predict whether she will enjoy her future profession and help her in a variety of ways.
In my perspective, Nora desires to take part in the business experiential education.
How would you define business?A person is conducting business when they create goods or offer services with the goal of making a profit. Business Definition. A enterprise is a creative organization or team that partakes in professions. They might be professional, corporate, or any other type else.
What is an example of a business?An economic institution known as a business produces and/or distributes goods and services with the goal of making money and accumulating wealth. Whatever the type of business entity, such as a sole proprietorship, a Hindu undivided household, or a limited partnership.
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What is term of the step below?
-involves the process of defining the marketing mix variables so that target customers have a clear, distinctive, desirable understanding of what the product does or represents in comparison w/ competing products
-after identifying target segments, a firm must evaluate each of its strategic opportunities
The term process of defining the marketing mix variables so that target customers have a clear, distinctive, desirable understanding of what product they own or represent in comparison with competing products is called market positioning.
Market Positioning refers to the ability to influence consumer perception regarding a brand or product relative to competitors. The objective of market positioning is to establish the image or identity of a brand or product so that consumers perceive it in a certain way.
A perceptual map is used to show consumer perception of certain brands. The map allows you to identify how competitors are positioned relative to you and to identify opportunities in the marketplace.
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What is the best way to encourage customers to come back to your site?
A.Stalk them.
B.Use direct mail.
C.Post viral videos.
D.Treat them like they're special.
Answer:
D because they will feel like they are being cared about and will come back
A store advertises new cell phones for $95 a month for 12 months instead of $1,140 in order to (5 points)
encourage customers to enter the store
be creative with their marketing campaign
reduce the price burden on the customer
make a large price look more manageable
Answer:
encourage customers to enter the store
Explanation:
you want more customers, so smaller prices and markdowns make customers want to go to your business rather then others
Answer: Make a large price look more manageable.
The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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explain why hands-on activities and exploration are effective and use a specific example of a hands-on activity in your explanation.
Answer:
People learn by doing and experiencing things rather than just hearing about them. This is called hands-on learning. It is called "hands-on" because these activities usually require the use of the hands. For example, children might use manipulatives like cubes and boxes to learn about math, instead of just being taught the theory through books or pencil and paper exercises.
Young children learn best by doing, as this is their innate method of acquisition of new skills and knowledge. A child learns how to do things with their hands and body from the moment they are born. Play is still the best way to learn new things until they reach school age and beyond.
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A student in public administration wants to determine the mean amount members of city councils earn. The error in estimating the mean is to be less than $100 with a 99% level of confidence. The student found a report by the department of labor that estimated the standard deviation to be $1000. What is the required sample size?
Answer:
663.58
Explanation:
From the problem:
E, the maximum allowable error, is $100
The value of z for a 99 percent confidence level is 2.576
Estimate of standard deviation is $1,000.
n = [(z x s)/ E] ^ 2
n = [(2.576 x 1000) / 100}^2
= 25.76^2
=663.58
For what purpose are goods and service produced in a socialist economy
Answer: The options are missing from the question,the options are;
A) Profits
B) Their usefulness
C) To create demands
D) To meet all consumer needs.
The correct answer to the question is option D
In a capitalist economy,goods and services are being produced for the sole aim of making profits and to accumulate capital, but when we talk about the SOCIALIST ECONOMY,it differs from the capitalist economy and the sole aim is different.
Socialist economy employs a technique known as usage value in the meeting of the needs and wants of the people, this prevents the over production or under production of goods and services based on their rewards and usage.
In socialist economy,goods are services are produced and those goods and services are made directly accessible to the people that is the masses. A scarce economic resources in a socialist economy are being utilized judiciously inorder to meet the needs of the consumers and make them satisfied in every way possible.
Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______.
Answer:
the cost per equivalent unit for materials is $34.60
Explanation:
The computation of the cost per equivalent unit for materials is shown below:
= (Beginning work in inventory + material added) ÷ material equivalent unit of production
= ($3,650 + $5,000) ÷ 250 units
= $34.60
Hence, the cost per equivalent unit for materials is $34.60
The same should be considered and relevant
Why is it a good idea to be organized in the workplace?
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
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What is the relationship between production possibility frontier and opportunity cost?.
The relationship between production possibility frontier and opportunity cost, the curve of production possibility frontier and opportunity cost curve is straight-line.
The opportunity cost is defined as the if you have to give you to buy what you want in terms of other products or in services. In the context of a production possibility frontier or PPF, opportunity cost is the directly related to the shape of the curve.
The production possibility frontier or PPF is a graph that shows all the different combinations of output of two goods or products that can be produced with using the available resources and technology.
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a mass integration project requires four separation units whose fci is $50.0 mm. the useful life period of the units is taken to be 10 years. the salvage value of the units is 10% of the fci. what is the annual depreciation charge using the straight-line method?
The annual depreciation charge using the straight line method in the mass integration project is $4.5 million. The straight-line method calculates depreciation by evenly distributing the cost of assets over useful life.
In the mass integration project, four separation units with a Fixed Capital Investment (FCI) of $50.0 million are being used. The units have a useful life period of 10 years, and their salvage value is estimated to be 10% of the FCI. To calculate the annual depreciation charge, we can use the straight-line method.
The straight-line method calculates depreciation by evenly distributing the cost of an asset over its useful life. To find the annual depreciation charge, we need to determine the depreciable base, which is the FCI minus the salvage value. In this case, the salvage value is 10% of the FCI, so it is $5.0 million.
Depreciable base = FCI - Salvage value
Depreciable base = $50.0 million - $5.0 million
Depreciable base = $45.0 million
Next, we divide the depreciable base by the useful life period to get the annual depreciation charge:
Annual depreciation charge = Depreciable base / Useful life
Annual depreciation charge = $45.0 million / 10 years
Annual depreciation charge = $4.5 million
Therefore, using the straight-line method, the annual depreciation charge for the separation units in the mass integration project would be $4.5 million. This charge represents the portion of the asset's cost that is expensed each year over its useful life.
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Jade Company received the bank statement for the month of April which included the following information: Bank service charge for April Check deposited by Jade Company during April was not 15,000 collectible and has been marked "NSF" and returned 40,000 Deposits made but not yet recorded by bank 130,090 Checks written and mailed but not yet recorded by bank 100,000 The entity found a customer check for P35,000 payable to Jade Company that had not yet been deposited and had not been recorded. The general ledger showed cash in bank account with balance of P920,000. What amount should be reported as adjusted cash in bank on April 30? a. 900,000 b. 865,000 c. 930,000 d. 965,000 Problem 2-17 (LAA) Sapphire Company provided the following information for the month of December: Balance per bank statement December 31 2,800,000 Bank service charge for December 12,000 Interest paid by bank to Sapphire Company for December 10,000 Deposits made but not yet recorded by the bank 350,000 Checks written but not yet recorded by the bank 650,000 Sapphire Company discovered that it had drawn and erroneously recorded a check for P46,000 that should have been recorded for P64,000. What amount was reported as cash balance per ledger on December 31? a. 2,500,000 b. 2,520,000 c. 2,540,000 d. 2,800,000
The adjusted cash in the bank on April 30 should be P900,000 (option a). In problem 2-17, the cash balance per ledger on December 31 would be P2,520,000 (option b). Here's the step-by-step explanation:
1. Start with the general ledger balance: P920,000.
2. Deduct the check that was not yet deposited and recorded: -P35,000.
3. Deduct the bank service charge: -P15,000.
4. Deduct the returned check marked as "NSF": -P40,000.
5. Add the deposits made but not yet recorded by the bank: +P130,090.
6. Add the checks written and mailed but not yet recorded by the bank: +P100,000.
7. Calculate the adjusted cash in the bank by adding or subtracting these amounts:
P920,000 - P35,000 - P15,000 - P40,000 + P130,090 + P100,000 = P900,090.
Therefore, the adjusted cash in the bank on April 30 should be reported as P900,000.
In problem 2-17, the cash balance per ledger on December 31 would be P2,520,000 (option b).
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What data should you include when calculating the cost per hire to fill the payroll assistant positions?
When calculating the cost per hire to fill the payroll assistant position, it is important to include several types of data. Firstly, there are the direct costs associated with the recruitment process, such as advertising, screening and interviewing candidates, and background checks. These expenses can be easily quantified and should be factored into the calculation.
Secondly, there are indirect costs to consider, such as the time and resources spent by HR staff and hiring managers to oversee the recruitment process. These costs may not be as tangible, but they can still have a significant impact on the overall cost per hire.
Other factors to consider when calculating the cost per hire include the salary and benefits package offered to the successful candidate, as well as any training and development costs that may be required. It is also important to factor in any costs associated with employee turnovers, such as lost productivity and the need to restart the recruitment process if the new hire does not work out.
By considering all of these factors, you can arrive at a more accurate cost-per-hire figure, which will help you to better understand the true cost of filling the payroll assistant position.
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15. The word tourism first referred to which of the following? (1 point)
Oa theatrical voyage
Oa ship used by pirates in the Caribbean
O a traditional Austrian dance
O a gift given to a hostess
The word tourism was first referred to as a theatrical voyage. So, option (a) or (i): theatrical voyage is the correct answer.
Why is tourism referred to as a theatrical voyage?Many tourist places in China have quickly established theatrical performances; yet, little research has been done in this crucial field.
The tour de France, a great tour, conducted by young nobility during the 16th and 18th centuries, was an early form and predecessor of modern tourism.
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Rayman Automobiles, an automobile manufacturing company, was founded in 1912. The company primarily focused on creating greater efficiencies by refining its processes and creating specialized jobs. This allowed the company to increase its output and lower the prices of its products. As a result, automobiles became an affordable commodity. In the context of the history of American business, Rayman Automobiles was most likely founded during the _____. a. marketing era b. digital information era c. production era d. entrepreneurship era
Answer:
Option C: Production Era
Explanation:
The production era. Is known as Stage 2 of marketing's evolution. found in the 1930s, highest production capability than ever before. The problem now became competition then. It was characterized by mass production of lots of products increased the availability of product in the marketplace that is available.
In 2015, Netflix increased its monthly price for new subscribers by $1. In response, one individual tweeted the following: "So tired of being a college student. Can't wait until I have a stable job and won't have to give up Netflix cause they raised their price by $1".
What does this statement indicate about the income elasticity of demand for Netflix?
A. Netflix is a normal good.
B> Netflix is a perfectly inelastic good.
C. Netflix violates the law of demand.
D Netflix is an inferior good.
The given statement indicates that Netflix is a normal good in terms of income elasticity of demand
Income elasticity of demand (YED) is the extent to which the demand for a specific good or service changes in response to a variation in consumers' income, holding all other variables constant. It is determined by dividing the percentage change in quantity demanded by the percentage change in income. A positive value of income elasticity of demand indicates that a good is a normal good, while a negative value indicates that a good is an inferior good.Based on this, we can deduce that the statement, "So tired of being a college student. Can't wait until I have a stable job and won't have to give up Netflix cause they raised their price by $1", indicates that Netflix is a normal good.
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The statement indicates that Netflix is a normal good. The concept in question is income elasticity of demand, which analyzes how demand changes in response to changes in income. In this case, it suggests that if the student's income increases, the demand for the service of Netflix would also increase.
Explanation:The statement indicates that Netflix is a normal good for the student. The concept of income elasticity of demand refers to how the demand for a good or service changes in response to changes in income. For normal goods, as income increases, demand for the good also increases, and conversely, if income decreases, demand declines. Here, the student is expressing an inability to afford Netflix after a small price hike due to limited income. It suggests that if the student's income were to increase (such as through obtaining a stable job), the demand for Netflix would increase because the service would be more affordable.
The statement indicates that Netflix is a normal good. When the individual mentions that they can't wait to have a stable job and not have to give up Netflix, it suggests that Netflix is a desired and valued subscription service.
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Suppose romaine lettuce is a normal good. Suppose further incomes in the economy are rising. Everything else held constant, this will cause the _____ romaine lettuce to _____.
Answer:
Demand for
Increase
Explanation:
A normal good is a good whose demand increases when income rises and whose demand falls when income falls.
So if income is rising, the demand for the lettuce should increase.
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Outline six uses of computer
.
I have given many options
Mary is writing a letter of transmittal to accompany a report to her client. The transmittal letter should announce the topic of the report, tell how it was authorized, briefly describe the project, and __________.
a. identify the writer of the report
b. list the sections of the report and any appendixes
c. highlight the report's findings, conclusions, and recommendations
d. market additional services or products
Answer:
No ablo taka taka mi querido amigo ehh ni si quiera lo voy a intentar
FILL IN THE BLANK. Stephen’s Auto Body Shop (Oshawa) has a debt-equity ratio of.6, a total asset turnover of 1.43, and a profit margin of 5 %. The firm has a return on assets of _____ % and a return on equity of _____ %.
The firm has a return on assets of 7.15% and a return on equity of 11.92%. The return on assets (ROA) is calculated by multiplying the profit margin by the total asset turnover.
In this case, the profit margin is 5% and the total asset turnover is 1.43. Multiplying these two values gives us 0.05 * 1.43 = 0.0715, or 7.15% as the return on assets.
The return on equity (ROE) is determined by multiplying the return on assets by the debt-equity ratio. In this scenario, the debt-equity ratio is 0.6 and the return on assets is 7.15%. Multiplying these values yields 0.6 * 0.0715 = 0.0429, or 4.29% as the return on equity.
These figures provide insights into the profitability and efficiency of Stephen's Auto Body Shop. The return on assets indicates the profitability generated from the company's total assets, while the return on equity measures the returns earned on the shareholders' equity investment. A higher return on assets suggests better utilization of assets to generate profits, while a higher return on equity signifies better returns for the company's shareholders in relation to their investment.
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How do markets create incentives?
When demand or supply changes, market prices adjust, affecting incentives.
When the price of a good or service increases, buyers buy less of it and producers have the incentive to produce or sell more of it. In a market-based economy, prices act as incentives for buyers and sellers, sending signals to change their behavior.
If you can continuously increase your market share by attracting, there is an incentive to produce quality goods. The price sends a signal to the buyer. Low prices are an incentive for buyers to spend money now. Higher prices incentivize sellers to increase production to produce more goods.
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Nike, a company headquartered in Beaverton, Oregon, is a major force in the sports footwear and fashion industry, with annual sales exceeding S 12 billion, more than half of which now come from outside the United States. Nike has no production facilities in the United States. Rather, the company manufactures athletic shoes and garments in such Asian countries as China, Indonesia, and Vietnam using subcontractors, and sells the products in the U.S. and international markets. The wage rate is very low in those countries by U.S. standards the hourly wage rate in the manufacturing sector is less than $ 2 in each of those countries, compared with about $ 35 in the United States. Nike has also been accused of having manufacturing contracts with 'hidden' factories in Asia. In addition, workers in those countries often operate in poor and unhealthy environments and their rights are not particularly well protected. Understandably, host countries are eager to attract foreign investments like Nike's to develop their economies and raise the living standards of their citizens. Recently, however, Nike came under worldwide criticism for its practice of hiring workers for such a low rate of pay-"next to nothing" in the words of critics- and overlooking poor working conditions in host countries. Initially, Nike denied the sweatshop charges and lashed out at critics. But later, the company began monitoring labour practices at its overseas factories and started grading the factories in order to improve labour standards, Nike also agreed to random factory inspections by disinterested or impartial observers a. Do you think the criticism of Nike is fair, considering that the host countries are in dire needs of creating jobs? Think of the classic 'Efficiency vs Equity' argument to justify your reasoning. b. Do firms need to consider so-called corporate social responsibility in making investment decisions? c. What type of organizational structure does
The criticism of Nike for its labor practices in host countries can be considered fair, despite the need for job creation and economic development.
a. The criticism of Nike can be seen as fair from the perspective of the "Efficiency vs Equity" argument. While host countries may have a dire need for job creation and economic development, it is crucial to address low wages and poor working conditions to ensure equity and fairness for workers.
The extremely low wage rates compared to U.S. standards and the allegations of hidden factories raise concerns about the well-being and rights of workers. Balancing efficiency and equity requires promoting economic growth while also protecting workers' rights and ensuring fair treatment.
b. Yes, firms need to consider corporate social responsibility (CSR) in their investment decisions. CSR entails taking into account the social, environmental, and ethical impacts of business operations. In the case of Nike, considering CSR would involve not only focusing on profitability but also taking responsibility for the well-being of workers, ensuring fair wages, and providing safe working conditions.
By integrating CSR into investment decisions, firms can contribute to sustainable development, build a positive reputation, and meet the expectations of stakeholders.
c. Nike's organizational structure can be described as a multinational corporation (MNC) or a global company. With its headquarters in the United States and manufacturing operations in Asian countries, Nike operates in multiple locations across the globe. This decentralized structure allows decision-making and operations to be distributed among different subsidiaries and locations.
Nike's efforts to monitor labor practices and improve standards indicate a commitment to global coordination and oversight. The company's engagement in grading factories and agreeing to random inspections by impartial observers reflect a focus on ensuring ethical and responsible practices within its supply chain.
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a. The criticism of Nike is fair regarding worker exploitation and poor working conditions.
b. Firms should consider corporate social responsibility (CSR) in investment decisions for sustainable practices.
c. Nike follows a multinational corporation (MNC) structure for global operations and market reach.
a. **The criticism of Nike is fair, considering the dire needs of host countries to create jobs.** However, it is essential to consider the classic 'Efficiency vs Equity' argument in this context. While Nike's operations in these countries do create job opportunities, the criticism stems from the exploitation of workers, low wages, and poor working conditions. It is crucial to strike a balance between economic efficiency and equitable treatment of workers to ensure sustainable and ethical business practices.
b. **Firms do need to consider corporate social responsibility (CSR) in making investment decisions.** CSR encompasses a company's responsibility to consider the social, environmental, and ethical impact of its operations. In the case of Nike, the criticism it faced highlighted the need for responsible business practices that respect worker rights and ensure fair wages and safe working conditions. Embracing CSR not only helps companies build a positive reputation and foster long-term relationships with stakeholders but also contributes to sustainable development and societal well-being.
c. The type of organizational structure that Nike has is a **multinational corporation (MNC) structure**. As a global company, Nike operates in multiple countries, including the United States and various Asian nations. This structure allows Nike to have headquarters in one location (Beaverton, Oregon) while manufacturing and selling its products internationally. The MNC structure enables Nike to leverage global markets, access diverse talent pools, and benefit from international trade. By manufacturing in different countries, Nike can take advantage of cost efficiencies while expanding its market reach.
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A store sells 2500 packages of a dozen paper towel rolls per year. It
costs $10 per year to store one such package. There is a fixed $20
cost every time the store reorders and there is $9 cost per package.
How many times per year should the store reorder and what is the lot
size in order to minimize inventory costs?
Answer:
The business should order the inventory 25 times per year in a lot of 100 to minimize the inventory costs.
Explanation:
To calculate the lot size that minimizes the inventory cost, we will calculate the economic order quantity (EOQ) which is the order quantity that a business should order in each order to minimize the inventory related costs. The EOQ can be calculated using the attached formula,
EOQ = √[(2 * 2500 * 20) / 10]
EOQ = 100 packages
The lot size for each order should be 100 to minimize the inventory costs.
We can calculate the number of reorders per year by dividing the total annual demand by the EOQ.
Number of orders = 2500 / 100
Number of orders = 25 times