Problem 16: A car manufacturer requires tires. Inventory consumption is normally distributed with a mean of 600 tires per day and a standard deviation of 200 tires. Lead time is normally distributed with a mean of four days and a standard deviation of one day. If the manufacturer wishes to avoid a stockout with probability P(z< +2.00), what should the reorder point be?

When employees exhibit low self-efficacy, managers should take the following actions:

1. Assign people with low self-efficacy to jobs that are complex, challenging, and autonomous to enhance self-efficacy. This will help them develop their skills, gain experience, and build their confidence.

2. Reward small successes: Recognize and celebrate the employees' accomplishments, even if they are small. This will motivate them and show that their efforts are valued.

3. Nurture self-efficacy by giving constructive pointers and positive feedback: Provide guidance, support, and encouragement to help employees improve their performance and increase their self-efficacy.

4. Avoid reassigning employees with low self-esteem to boring, tedious jobs, as this can further lower their self-efficacy and hinder their development. Instead, focus on providing opportunities for growth and improvement.

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Paul, John, George, and Richard's decision to form a limited liability corporation (LLC) for their music business is a wise move as it provides protection against personal liability and allows for flexible management and taxation options.

As they proceed with the formation, it is important for them to clearly define the way members share in profits and losses, receive distributions, leave the company, and dissolve the company. This information will be included in the LLC operating agreement, which outlines the rules and regulations that govern the company. The operating agreement should specify how profits and losses will be allocated among members based on their ownership percentage, as well as the timing and frequency of distributions.

It should also outline the process for a member to leave the company and the rights and obligations of remaining members in the event of a departure. Lastly, the operating agreement should establish the conditions and procedures for dissolving the company, including the distribution of assets and liabilities. By carefully considering and clearly defining these aspects, Paul, John, George, and Richard can ensure a successful and smooth operation of their LLC.

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The type of the card is  a Retail Credit card. Hence the option (D) is the correct one.

For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.

Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.

For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.

Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.

Hence the correct option is  (D).

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Answer:

Induced consumption is the portion of consumption that varies with disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income.

Explanation:

Answer:

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Explanation:

Answer:

Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable.

To determine the effect of the special order on Lattimer Company's income, we need to calculate the incremental contribution margin. This is the difference between the revenue from the special order and the incremental variable costs (i.e., the additional costs that will be incurred to produce and sell the 5,000 units).

Revenue from special order = 5,000 x $7.50 = $37,500
Incremental variable costs = 5,000 x ($1.50 + $4.00 + $1.00 + $0.25) = $31,250

Incremental contribution margin = $37,500 - $31,250 = $6,250

Since the incremental contribution margin is positive, accepting the special order will increase Lattimer Company's income. However, we need to check whether the special order will affect the company's regular business.

Specifically, we need to determine whether Lattimer can still sell the remaining 10,000 units at the regular price of $12.00 per unit.

Total demand for Lattimer's product = 15,000 (regular sales) + 5,000 (special order) = 20,000 units
Production capacity = 25,000 units
Available units for regular sales = 25,000 - 5,000 (special order) = 20,000 units

Since the total demand (20,000 units) is equal to the available units for regular sales (20,000 units), accepting the special order will not affect Lattimer's regular business. Therefore, the special order will yield a positive incremental contribution margin of $6,250.

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Among the following options, Market power is a source of market failure.

When members in a group wind up in a worse position than they would have been in if they had not acted in perfectly rational self-interest, this is an example of a market failure. Either this group will bear an excessive amount of costs or will gain an insufficient amount of benefits. The economic consequences that occur as a result of a failed market differ from what are typically considered to be the best conditions by economists and are typically not economically efficient. In spite of the fact that it appears to be a straightforward idea, it is actually quite easy to misunderstand.

In the event that some consumers choose not to pay but nevertheless utilise the good, public goods lead to market failures. One such public asset is national defence, from which all citizens, regardless of contribution level, benefit equally. To privately achieve the ideal level of national defence is quite challenging. Governments have a tough time achieving the ideal level of national defence because they are unable to use a market-based, competitive pricing mechanism to do it.

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No, the data amounts do not appear to have a normal distribution. A normal distribution is a type of probability distribution that has a symmetric bell-shaped curve.

It has a mean, median and mode that are all equal, and the majority of the data points are clustered around the mean. The data amounts do not have this symmetric shape, nor do they show the majority of data points clustered around the mean. Instead, the data points appear to be spread out and not evenly distributed.

This indicates that the data amounts may follow a different type of distribution such as a bimodal or uniform distribution.

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The probability that at least seventy percent of the sample prefers Coke to Pepsi can be calculated using binomial probability.

Given that 76% of Americans prefer Coke, the probability of an individual in the sample preferring Coke is also 76%.

Using the binomial probability formula, we can calculate the probability of having at least 70% of the sample (i.e., 56 individuals or more) prefer Coke. We sum up the probabilities for having 70%, 71%, 72%, and so on, up to 80 individuals. This cumulative probability represents the probability of at least seventy percent of the sample preferring Coke to Pepsi.

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Explanation:

The answer is D

Commerce

hope this helps

The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.

A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.

Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.

The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?

A. high school diploma

B. associate degree in performing arts

C. bachelor's degree in art history

D. doctorate in computer sciences​

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Answer: It tries to maximize employment and minimize inflation.

Explanation:

Answer:

1. Man-made

2. natural resources

3. entrepreneurship

4. Human resources

Explanation:

Natural resources are those which are present in the environment and are limited in number.

Therefore, the given resources are matched with the scenarios in which they are used.

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Incorporating small businesses into local government decisions can help ensure the small town culture within the community.

Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash, this will be traded in  Financial asset markets.

A financial asset market is a place where a contractual right to a specific type of wealth can be purchased and sold. This is typically distinguished by the asset's liquidity, or how quickly it can be converted to cash, and includes financial assets such as savings and checking accounts, stocks and bonds, and mortgages.

One of the distinguishing characteristics of wealth traded on such a market is that it does not always have direct or linear ties to actual physical value, as in the case of land, jewellery, or art.

Trading environments for a financial asset market, such as a stock market or bond market, are prone to fluctuation due to a variety of seemingly unrelated market conditions.

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Complete question:

You are preparing to take an exam in your finance class, and you’ve been making flash cards on different markets and transactions. Indicate the markets in which each of the following transactions will be traded:

Description of Transaction Type of Market Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash. Financial asset markets

Answer:

$417.16.

Explanation:

Since I have a current credit card balance of $ 450.00, which I am paying off so I can close the account and no new purchases have been added this month, and interest is computed on the average daily balance method with an APR of 18%, and a minimum payment of $ 39, if I make the minimum payment this month, the new balance is determined as follows:

(450 - 39) x (1 + 0.18 / 12) = X

411 x 1.015 = X

417.16 = X

Therefore, the new balance would be of $417.16.

I'll manage my team through cultural considerations, addressing issues, diverse management approaches, a culturally sensitive holidays policy, and team involvement in setting expectations.

Email to Manager:

Dear [Manager's Name],

Thank you for entrusting me with the management of our new team. I understand the importance of fostering cohesion and effective communication among team members from diverse backgrounds. In order to achieve this, I have developed the following strategies:

1. Cultural considerations: Recognizing the diverse cultural backgrounds of our team members, I will leverage the insights provided by Hofstede Insights: Compare Countries website to better understand their cultural dimensions. This will help me tailor my management approach, communication style, and decision-making processes to accommodate their cultural norms and preferences.

2. Common issues and potential conflicts: I anticipate that common issues in diverse or global teams may include language barriers, varying work styles, and differences in time zones. To address these challenges, I will encourage open and inclusive communication channels, provide language support if needed, and establish clear expectations regarding work hours and availability. Additionally, I will promote cultural sensitivity and foster a supportive team environment to mitigate potential conflicts.

3. Multiple management approaches: Considering the unique needs of each team member, I will adopt a flexible management approach. This may involve a combination of individual check-ins, team meetings, and virtual collaboration platforms to accommodate different communication preferences and working styles. I will also encourage regular feedback and provide opportunities for professional growth tailored to each team member's aspirations.

4. Holidays policy: To ensure fairness and inclusivity, I propose a culturally sensitive holidays policy. By consulting with each team member individually, I will identify their respective cultural and national holidays, and strive to provide equitable time-off opportunities. This approach will demonstrate our commitment to respecting and valuing the diverse backgrounds and traditions of our team members.

5. Collaborative team expectations: I believe in fostering a sense of ownership and accountability among team members. Therefore, I plan to collaboratively create team expectations. This will involve soliciting input from each team member to establish shared goals, communication norms, and project milestones. By involving the team in this process, we can promote a sense of unity and collective responsibility.

Attached to this email, you will find the conference call invitation for our team's introduction. I look forward to discussing these strategies with you further and incorporating any feedback you may have.

Thank you again for this opportunity.

Best regards,

[Your Name]

Conference Call Invitation:

Subject: Team Introduction and Expectations

Dear Team,

I hope this email finds you all well. As we embark on this exciting journey together, I would like to invite you to a team introduction conference call. This call will serve as an opportunity for us to get to know each other, establish expectations, and align our goals.

Date: [Date]

Time: [Time]

Duration: [Approximate duration]

Agenda:

1. Team introductions: Each team member will have the opportunity to share a brief introduction, highlighting their role, background, and any key strengths or interests they bring to the team.

2. Cultural considerations: We will discuss the importance of cultural understanding and how it can positively impact our collaboration. Please come prepared to share any specific cultural considerations or preferences that you feel are important for the team to know.

3. Team expectations: We will collaboratively define our team expectations, communication norms, and project milestones. This will ensure that we are aligned on our goals and working towards a shared vision.

I look forward to meeting each one of you and building a strong and cohesive team. Please RSVP to this email with your confirmation and any specific topics or questions you would like to address during the call.

Best regards,

[Your Name]

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If the exchange rate changes to $1. 52/pound£ the U. S. Firm will realize a loss of $4,500. The correct option is A.

A U. S. Firm sells merchandise to a British company for pound£ 150,000.

$1.55/pound£ x pound£150,000 = $232,500

At the exchange rate changes of $1.52/pound£ at the time of payment in three months

US firm will receive

$1.52/pound£ x pound£150,000 = $228,000

Difference in the amount received due to the change in exchange rate

\(232,500 - 228,000 = $4,500\)

                             =$4,500

Due to the change in exchange rate the US firm will realize a loss of $4,500. The correct option is A.

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With a mean of 1000 and a standard deviation of 600, the probability that the demand is going to be withing 25 percent of its forecast is 0.3230.

a. Mean = 1000

sd = 600

p(1000x 1-25%) - p(1000x 1+25%)

using the z test

d-μ/σ

\(p(z < \frac{1250-1000}{600} )-p(z < \frac{-1000}{600} )\\\\(z < 0.4167)-(z < -0.4167)\)

find values using excel sheet formula

NORMSDIST(0.4167) - NORMSDIST(-0.4167)

=m0.6615 - 0.3385

= 0.3230

1000x 1+40%

= p(D>1400)

= 1- NormDist(0.667)

= 0.225

c. Cu = 121-72 = 49

Co = 72.50 = 22

The critical ratio calculation

49/22 +49 = 0.6901

Normsinv(0.6901) = 0.496

1000+0.496x600

= 1297

The units that Flextrola has to order is 1297.

1200-1000/600

= 0.3333

loss function from z = 0.333 is 0.254

600x0.254 = 152. 4

1000-152.4 = 847.6

the expected sales are 847.6

e 1200- 847.6

= 352. 4

The units of inventory that can be sold is 352.4

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Communities offer incentives to various enterprises based on things like social effect, competitive advantage, and economic development objectives. Stakeholders must be treated fairly by companies, but this does not mean that they must be treated equally in all respects.

Here are some major factors that determine which businesses receive community incentives and which do not:

In terms of moral responsibility, businesses have duties to their constituents, such as workers, clients, shareholders, and the general public. Although treating all stakeholders equally in every way isn't always expected of businesses, they should nonetheless aim for it.

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Answer:

Students have taken out higher and higher loans since 1994.

Explanation:

As per the graph,

In 1994, $10,000 worth of loans were taken.

In 2001, about $17,500 worth of loans were issued.

In 2009, close to $25,000 worth of loan was taken.

It is clear that there is an upward trend in loan uptake.  Every year, the loan amount has been higher and higher. Therefore, it is right to say that students have taken out higher and higher loans since 1994.

The  trend of the graph demonstrate that Students have taken out higher and higher loans since 1994.

Student debt are known to be debt that have been incurred by a student as a result of the loan that they have taken.

A lot of student loan debt is known to be held by people that has high incomes. From the graph we can see that the trend of the student loan is increasing yearly.

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The question asks for an explanation of the given question.

The given question requests an explanation, which means providing a detailed account or description of the question. In this context, an explanation would involve breaking down the components of the question, examining its structure, and offering insights into its purpose and relevance.

Explaining a question typically involves analyzing its underlying concepts, identifying any key terms or assumptions, and providing a clear and comprehensive response that addresses the question's intent. It often requires breaking down complex ideas into simpler terms, providing examples or evidence to support the answer, and ensuring the response is logical and coherent.

By explaining the given question, we can enhance understanding, clarify any uncertainties, and provide a thorough response that satisfies the inquiry. It allows for a deeper exploration of the topic at hand and provides the necessary context for a meaningful and informed discussion.

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The present value of $3000 in 7 years is $2235.65. Therefore, $2235.65 is larger than $1917 now.

To determine which amount is larger, we need to compare the present value of $3000 in 7 years with the current amount of $1917. In order to find the present value, we must discount the future amount based on the interest rate and compounding frequency.

Using the formula for present value, we can calculate the present value of $3000 in 7 years. The formula is:

PV = FV / \((1 + r/n)^{(n*t)\)

Where:

PV = Present Value

FV = Future Value

r = Interest Rate

n = Number of compounding periods per year

t = Number of years

In this case, the interest rate is 6.2%, compounded quarterly. Therefore, we have:

FV = $3000

r = 6.2% = 0.062

n = 4 (quarterly compounding)

t = 7 years

Plugging these values into the formula, we get:

PV = 3000 / \((1 + 0.062/4)^{(4*7)\)

PV = $2235.65

Hence, the present value of $3000 in 7 years is approximately $2235.65, which is larger than the current amount of $1917.

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Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Answer:

you could start a savings a acount or a 401k plan to help with future problems or you could save for a new car.

Explanation:

To determine the present value to firm a of agreeing to the collusive strategy, we must consider the potential outcomes of both following and not following the strategy. If firm a follows the collusive strategy, there is a possibility that the advertising game may end in the next period, which would result in a lower payoff for both firms.

However, if firm a does not follow the strategy, there is also a chance that firm b may increase their advertising spending, resulting in a lower payoff for firm a.
Given the 10 percent chance of the game ending in the next period, it is difficult to determine the exact present value to firm a. However, by agreeing to the collusive strategy, firm a is essentially reducing the risk of a lower payoff in the next period. This reduction in risk can be seen as an intangible benefit that adds value to the present value of the collusive strategy. Additionally, by agreeing to the collusive strategy, firm a is establishing a reputation for being a reliable and trustworthy partner in the advertising game. This reputation can lead to increased collaboration and higher payoffs in future periods, further adding to the present value of the collusive strategy.
Overall, while it is difficult to determine the exact present value of the collusive strategy, the reduction in risk and establishment of a favorable reputation make it a beneficial decision for firm a.

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