Rockefeller's innovative business structure was the ______. multiple choice question.
Answers
Rockefeller's innovative business structure was the Trust. See more explanation below.
What type of organizational structure is "The Trust"?A trust is a relationship in which a trustee (either a human or a firm) conducts business for the benefit of others (the beneficiaries).
For example, a trustee may run a firm for the benefit of a certain family and distribute the annual earnings to them. A trust is not a distinct legal entity.
Who is Rockefeller?John Davison Rockefeller Sr. was a philanthropist and business entrepreneur from the United States. He is usually regarded as the wealthiest American of all time and the wealthiest individual in contemporary history.
He founded the Standard Oil Company and grew into one of the world's wealthiest individuals as well as a significant philanthropist. Born from humble circumstances in upstate New York, he joined the budding oil sector in 1863 by investing in a refinery in Cleveland, Ohio.
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Related Questions
if consumer incomes rise and this leads to an increase in the demand for chocolate, then chocolate is a(n) if consumer incomes rise and this leads to an increase in the demand for chocolate, then chocolate is a(n) normal good inferior good neutral good necessity complement
Answers
If consumer incomes rise and this leads to an increase in the demand for chocolate, then chocolate is a(n) normal good.
A normal good is a good for which the demand increases as consumers' income rises.
So, chocolate is a normal good because as people have more disposable income, they are more likely to buy more chocolate and enjoy its taste.
This is the opposite of an inferior good for which demand decreases as income increases.
On the other hand, a neutral good is a good for which the demand remains unchanged as income changes and a necessity is a good that people need to survive regardless of their income, like food, shelter, and clothing.
A complement good is a good that is typically consumed with another good, for example, chocolate is often consumed with coffee.
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Why do internal economies of scale lead to imperfectly competitive​ industries? A. Patent laws prevent firms from entering the market. B. Large firms have cost advantages over small firms. C. This is an observation based on measurable data. D. There are barriers to entry due to large fixed costs.
Answers
Internal economies of scale lead to imperfectly competitive industries because large firms have cost advantages over small firms, so the correct answer is B.
Economy of scale is the economic advantage that is realized by operating on a larger scale. In general, the average cost per unit of output decreases with increasing scale because fixed costs are spread over more units of output. Operational efficiency is also often greater with increasing scale, which in turn leads to lower variable costs.
When an industry is characterized by economies of scale, it can lead to a monopoly or oligopoly. Only large companies can then produce economically, which means that the barriers to entry for new market players are high.
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A+stock+will+pay+no+dividends+for+the+next+5+years.+then+it+will+pay+a+dividend+of+$4.82+growing+at+4.56%.+the+discount+rate+is+6%.+what+should+be+the+current+stock+price?
Answers
The current stock price should be $0.
To calculate the current stock price, we can use the Dividend Discount Model (DDM). The DDM formula is:
P0 = D1 / (r - g)
Where:
P0 = Current stock price
D1 = Dividend in the next period
r = Discount rate
g = Dividend growth rate
In this case, the stock will not pay dividends for the next 5 years, so we need to find the dividend in the next period (D1) after the 5-year period. The dividend growth rate (g) is given as 4.56%, and the discount rate (r) is 6%.
To calculate D1, we need to use the formula for the future dividend:
D1 = D0 * (1 + g)
Where:
D1 = Dividend in the next period
D0 = Current dividend
Since the stock is not paying dividends for the next 5 years, the current dividend (D0) is 0. Therefore:
D1 = 0 * (1 + 0.0456) = 0
Now we can substitute the values into the DDM formula:
P0 = 0 / (0.06 - 0.0456) = 0 / 0.0144 = 0
Therefore, the current stock price should be $0.
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Which of the following countries has the smallest money multiplier assuming banks hold no excess reserves?Country C with reserve requirement ratio 20% and currency deposit ratio 0.4. Country A with reserve requirement ratio 10% and currency deposit ratio 0.4. Country D with reserve requirement ratio 20% and currency deposit ratio 0.8
Answers
To determine the country with the smallest money multiplier, we need to calculate the money multiplier for each country using the given information.
The money multiplier is calculated using the formula:
Money Multiplier = 1 / (reserve requirement ratio + currency deposit ratio)
For Country C:
Money Multiplier (C) = 1 / (0.2 + 0.4) = 1 / 0.6 = 1.67
For Country A:
Money Multiplier (A) = 1 / (0.1 + 0.4) = 1 / 0.5 = 2
For Country D:
Money Multiplier (D) = 1 / (0.2 + 0.8) = 1 / 1 = 1
Comparing the money multipliers, we can see that Country D has the smallest money multiplier of 1. Therefore, Country D has the smallest money multiplier assuming banks hold no excess reserves.
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2008 1 Mar Started business with $1,000 cash.
credit or debit
Answers
Answer:
The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.
PLZ help
Why must people make choices about which goods to produce and consume? Select three options.
Consumption is difficult.
Resources are limited.
Production requires resources.
Everyone wants or needs goods.
Not enough people are producers.
Answers
Answer:
Resources are limited.
Production requires resources.
Everyone wants or needs goods.
Explanation:
Different regions provide different resources that people can use for their business. People in that region need to understand the type of resources that are available for them and produce the goods that can be sustained by the available resource.
This scarcity means that acquiring resources require a certain amount of capital. Since people do not unlimited capital, they have to be picky with their consumption/production to ensure the ones with highest priority are fulfilled first.
On top of that, everyone wants or needs goods. Meaning that in order to obtain a certain resources, people will have to face competition. As the competition become more fierce, the sacrifice that is needed to obtain a certain product is increased. This is also why they have to watch out which product they should choose to consume.
Answer:B,C,D
Explanation:
Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a $400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000
Answers
Answer:
A. $300
Explanation:
The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;
= Opening balance + purchase made - credit received - payment made
= $1,200 + $1,500 - $400 - $2,000
= $300
Hence, the amount will go into the schedule of accounts for Custom Motors is $300
Therefore the option a is correct
And, the same would be considered
Answer:
A 300
Explanation:
List the four ways to become a business owner.
Answers
Answer:
1. Start your own business;
2.Take over a family-owned business.
3. Buy a franchise.
4. Buy an existing operating business.
Take over a family owned business
Buy a franchise
Buy an existing operating business
What do you think are the most important components of budgeting? Why?
Answers
Answer:
I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings
Explanation:
Correct verbal communication during an interview includes _____.
a.
a pleasant tone of voice
b.
positive vocabulary
c.
correct grammar and word choices
d.
all of the above
Answers
Answer: All of the above
Explanation: During an interview, it is important to take into account a series of elements such as: having a pleasant tone of voice, a positive vocabulary, and a good command of grammar. The characteristics mentioned above allow communication to take place in an adequate way, allowing the interviewee to understand what is being asked of him and respond appropriately.
Answer:
all of the above
Explanation:
A land grant university has upgraded its Course Management System (CMS), integrating the system throughout all of its main campus and branch campuses around the state. It has purchased a set of 15 servers and peripherals for needs associated with the CMS. The total cost basis is $120,000 and expected use will be 5 years, after which it will have no projected value. Calculate the depreciation deduction and book value for each year
Answers
The depreciation deduction and the book value each year using the straight line method is
Year Depreciation deduction Book value
1 $24,000 $96,000
2 $24,000 $72,000
3 $24,000 $48,000
4 $24,000 $24,000
5 $24,000 0
What is the depreciation expense?Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
120000 / 5 = $24,000
Depreciation expense each year would be $24,000
Book value = cost of the asset - accumulated depreciation
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1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?
Answers
solution :
sum of dollar =200+220+280+300+310+320+330+
350+390
Now,
average =total sum of all dollar
total sum of worker
=2370
9
=263.333#
Prepare the Income Statement for the month ended 31 December 2021 using the variable costing method. (10 Marks). COMFYCHAIRS LIMITED Comfychairs Limited commenced business on 01 November 2021. It manufactures a special type of chair designed to alleviate back pain. During the first month of operations 500 chairs were produced of which 300 were sold. The selling price was R1 500 per chair. The manufacturing costs for November 2021 included direct materials of R240 per unit, direct labour of R150 per unit, variable manufacturing overheads of R90 per unit and fixed manufacturing overheads of R120 000 per month. Fixed administration costs amounted to R60 000 per month. Marketing costs included a sales commission of 5% of the sales revenue and advertising costs of 4% of the sales revenue. During December 2021, 1 000 chairs were produced whilst 800 were sold. During this month the variable manufacturing costs per unit increased by 10% but all other costs remained the same or were determined in the same way as for November 2021. The selling price for chairs sold during December 2021 was increased by 5% because of the increase in some costs. Comfychairs Limited uses the first-in-first-out method in the management of its inventories. The directors asked for your help in producing the income statements using the variable costing and absorption costing methods. They say that they will use the statement that shows the higher profit when presenting the financial statements to the shareholders.
Answers
The income statement for Comfychairs Limited for the month ended December 31, 2021, using the variable costing method would include the following components:
Sales revenue: The number of chairs sold (800) multiplied by the selling price per chair, which was increased by 5% in December due to increased costs.
Cost of goods sold: The total variable manufacturing costs per unit (direct materials, direct labor, and variable manufacturing overheads) for the chairs produced in December, which increased by 10% per unit, multiplied by the number of chairs sold (800).
Variable selling and marketing expenses: The sales commission of 5% of the sales revenue and advertising costs of 4% of the sales revenue, based on the selling price of the chairs sold in December.
Fixed administration costs: The fixed administration costs of R60,000 per month.
Net income: Calculated as the sales revenue minus the cost of goods sold and variable selling and marketing expenses, minus fixed administration costs.
It's important to note that Comfychairs Limited uses the first-in, first-out (FIFO) method for inventory management, and only variable manufacturing costs are included in the cost of goods sold under the variable costing method. The income statement prepared using the variable costing method may differ from the income statement prepared using the absorption costing method, which includes fixed manufacturing overheads as part of the cost of goods sold. The directors' intention to present the financial statements with the higher profit could impact the method chosen for reporting income.
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career question #35 easy
Answers
What role does product/service management play in marketing?.
Answers
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
Choose three keywords or phrases that you could use to locate useful information about the topic of your project. Brainlest
Answers
Answer:below
Explanation: Subject headings. In various databases, subject headings are assigned to publications.
Fillers.
Combining search terms.
AND.
Nesting terms.
Phrase searching.
Proximity operators (NEAR, NEXT, ADJ) .
Truncating words. if its business type the word and type the word of the topic sentence
fatima wants to purchase a house and has been viewing residential properties for the past two months. she has been searching for information on the internet and consulting friends and family in order to arrive at a satisfactory decision. which of the following decision-making approaches is fatimah employing?
Answers
The extended decision-making approach is Fatimah employing.
When customers interact in habitual decision-making, they generally tend to search diligently for records to be able to assist them reach a nice choice. d. routine decision-making takes place when there is no brand loyalty or logo inertia among purchasers.
Inside the context of consumer behavior, inner seek consists of the retrieval of information approximately products, services, and reports that are saved in memory. In deciding on the exceptional information supply, customers do now not keep in mind the speed with which the facts can be received.
Extensive decision-making refers to a long process of deliberation, usually for expensive purchases or purchases that require research, where many consumers use the consumer buying process model of decision-making.
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all of the following are problems with the agency relationship except select one: a. principals and agents may have divergent goals b. agents cannot act as decision makers c. shareholders lack direct control of large publicly traded companies d. it is difficult for the principal to verify that the agent has behaved appropriately
Answers
Answer:
Explanation:
Durante as aulas, os estudantes da 3ª série deveriam escolher uma entre as três atividades físicas possíveis, sendo elas: natação, futsal e dança. Na turma, 25% escolheram dança, 15% escolheram natação, e os outros 24 estudantes escolheram futsal. Podemos afirmar que, nessa turma, existe um total de:
A) 64 alunos
B) 55 alunos
C) 48 alunos
D) 45 alunos
E) 40 alunos
Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $497,600 of direct material costs and $2,519,100 of conversion costs were charged to production.
Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
Answers
Answer:
May 31, 202x, 23,500 units completed and transferred out
Dr Finished goods inventory 2,984,500
Cr Work in process 2,984,500
Explanation:
beginning WIP 5,400 units
materials $17,300
conversion $329,940
ending WIP 3,600 units
materials 100% complete
conversion 80% complete (2,880 EU)
units completed and transferred out 23,500
units started and completed 18,100
costs added during the period
materials $497,600
conversion $2,519,100
total costs
materials $514,900
conversion $2,849,040
total EU
materials 18,100 + 5,400 + 3,600 = 27,100
conversion 18,100 + 5,400 + 2,880 = 26,380
cost per EU
materials $514,900 / 27,100 = $19
conversion $2,849,040 / 26,380 = $108
total = $127
costs assigned to finished units = $127 x 23,500 = $2,984,500
Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Answers
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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Which are the roles of a bank? Check all that apply.
Storing and holding money
Making purchases to create profits
Lending money
Investing in the economy
Creating money for the economy
Answers
Main purpose of banks
Keep money safe for customers.
Offer customers interest on deposits, helping to protect against money losing value against inflation.
Lending money to firms, customers and homebuyers.
Offering financial advice and related financial services, such as insurance.
The roles a bank plays includes:
Storing and holding moneyLending moneyWhat are banks?A bank is a financial institution that accepts deposits, lends money, stores valuables from customers. The activites of banks are guided by the Central Bank. The Central Bank is responsible for creating money in the economy.
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if an items price is $300, quantity demanded is 80 and quantity supplied is 50, what is the shortage?
Answers
Answer:
Explanation:
The formula to calculate the relative change is y = MX + c, where MX = gradient of the slope * value on the x-axis, and c = intercept on the y-axis.
The mid-1990s saw a rise in the use of mobile phones in the general population. The technology continued to improve in the early 2000s and in the mid-2000s smartphones revolutionized the way people communicated. The technology has changed very rapidly and improved the lives of consumers. With these rapid changes, what would you suspect has happened to the CPI calculation
Answers
Answer:
The correct option is b. the CPI has understated the cost of living because of quality improvement bias.
Explanation:
Note: This question is not complete as it does not include the answer options. The answer options are therefor provided before answering the question as follows:
a. The CPI has overstated the cost of living because of income bias.
b. The CPI has understated the cost of living because of quality improvement bias.
c. The CPI has overstated the cost of living because of quality improvement bias.
The explanation of the answer is now provided as follows:
The Consumer Price Index (CPI) can be described as a metric that measures the average change in prices paid for a market basket of consumer goods by urban consumers over time.
Quality improvement bias occurs when price indexes do not incorporate information about good quality over time in addition to their nominal price.
Better and greater speeds and functionalities have become available as a result of advancements in computer chips and improved the lives of consumers, all without incorporating the information in CPI.
Therefore, the correct option is b. the CPI has understated the cost of living because of quality improvement bias.
Marigold Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $276,980 for the year, and machine usage is estimated at 125,900 hour 5 . For the year, $314,720 of overhead costs are incurred and 132,600 hours are used. What is the amount of under-or overapplied overhead at December 31 ? Manufacturing Overhead \$
Answers
The amount of under-or overapplied overhead at December 31 is $23,000. The amount of under-or overapplied overhead at December 31 can be calculated by comparing the estimated overhead costs with the actual overhead costs incurred.
First, we need to calculate the predetermined overhead rate. This is done by dividing the estimated overhead costs by the estimated machine hours. In this case, the predetermined overhead rate is
$276,980 / 125,900 hours = $2.20 per machine hour.
Next, we calculate the applied overhead costs by multiplying the actual machine hours used by the predetermined overhead rate. In this case, the applied overhead costs are
132,600 hours * $2.20 = $291,720.
To find the under-or overapplied overhead, we subtract the applied overhead costs from the actual overhead costs incurred. In this case, it is
$314,720 - $291,720 = $23,000.
To calculate the under-or overapplied overhead, we need to compare the estimated overhead costs with the actual overhead costs incurred. The estimated overhead costs are determined using the predetermined overhead rate, which is calculated by dividing the estimated overhead costs by the estimated machine hours. The applied overhead costs are then calculated by multiplying the actual machine hours used by the predetermined overhead rate. Finally, the under-or overapplied overhead is found by subtracting the applied overhead costs from the actual overhead costs incurred. In this case, the under-or overapplied overhead is $23,000.
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Which documents are generally finished and approved before a project begins? (select three.)
Answers
Project plan, budget plan, and resource allocation are the three documents that are generally finished and approved before a project starts.
It generally requires that the documents containing the project plan, budget plan, and resource allocation details are finished and approved before a team begins a project. These documents provide the baseline to successfully complete the project according to its defined plan, budget, and allocated resources.
The project plan document provides a proper plan to ensure the successful completion of a project. The document gives clarity on the responsibilities of team members; defines the scope of the project; lists the processes and procedures involved; identifies the expected outcomes.
The budget plan document contains detailed information about the expenditures and expected revenues associated with the project. This document helps to estimate and track the expenses of the project.
The resource allocation document provides details about equipment/tools, manpower, office space, the time required, and the other facilities needed for accomplishing the various tasks of the project. This document is essential for ensuring teams have adequate access to the resources needed to finish the project effectively.
The complete question is given below:
" Which documents are generally finished and approved before a project begins?
Project PlanProject BudgetResource allocationClosure document "You can learn more about project documentation at
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1. Suppose the semiannually compounded twelve-month and eighteen-month spot rates are observed as 18% and 20%, respectively. Calculate the value today of a six-month forward rate agreement in which you will receive a fixed rate of 22% compounded semiannually over a six-month period that begins one year from today and pay the then prevailing six-month spot rate on a notional principal of £1,0000,000.
Answers
The value today of the six-month forward rate agreement is approximately -£754,070.74.
To calculate the value today of a six-month forward rate agreement (FRA), we need to determine the present value of the cash flows associated with the FRA.
12-month spot rate: 18% (compounded semiannually)
18-month spot rate: 20% (compounded semiannually)
Fixed rate on the FRA: 22% (compounded semiannually)
Notional principal: £1,000,000
Time to the start of the FRA: 1 year
First, let's calculate the cash flow associated with receiving the fixed rate on the FRA. The fixed rate is compounded semiannually, so we need to calculate the semiannual rate:
Semiannual fixed rate =\((1 + Fixed rate)^0.5 - 1\)
Semiannual fixed rate = \((1 + 0.22)^0.5 - 1\)
Semiannual fixed rate = 0.10378
The FRA will have two cash flows: one at the start and one at the end of the six-month period. The present value of each cash flow can be calculated using the appropriate spot rate.
PV of receiving fixed rate = (Fixed rate / (1 + 12-month spot rate))^0.5
PV of receiving fixed rate = (0.10378 / (1 + 0.18))^0.5
PV of receiving fixed rate = 0.07926
Now, let's calculate the present value of the cash flow associated with paying the six-month spot rate. Since the payment is made one year from today, we need to discount it by the 18-month spot rate.
PV of paying spot rate = 1 / (1 + 18-month spot rate)
PV of paying spot rate = 1 / (1 + 0.20)
PV of paying spot rate = 0.83333
Finally, we can calculate the value today of the FRA by subtracting the present value of paying the spot rate from the present value of receiving the fixed rate and multiplying it by the notional principal.
Value today of FRA = (PV of receiving fixed rate - PV of paying spot rate) * Notional principal
Value today of FRA = (0.07926 - 0.83333) * £1,000,000
Value today of FRA = -£754,070.74
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A loan of $105,487.80 is to be amortized over a 10-year term at 6% interest compounded monthly with monthly payments and a $20,000 balloon payment at the end of the term. Calculate the monthly payment.
The monthly payment is $
(Do not round until the final answer. Then round to two decimal places as needed.)
Answers
Answer:
$1049.09
Explanation:
The present value of the balloon payment is ...
$20,000/(1 +.06/12)^(12·10)) = $10,992.65
So, the effective amount of the loan is ...
$105,487.80 -10,992.65 = $94,495.15
The amortization formula gives the payment as ...
A = P(r/n)/(1 -(1 +r/n)^(-nt)) = $94,495.15(.06/12)/(1 -(1 +.06/12)^(-12·10))
= $94,495.15(.005)/0.450367 = $1049.09
The monthly payment is $1049.09.
Ernst's Electrical has a bond issue outstanding with ten years to maturity. These bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. The bonds are currently quoted at 96 percent of face value. What is Ernst's pretax cost of debt?
Answers
Answer: 5.52%
Explanation:
Given the following :
Face value (f) = $1000
Bond price(p) = 96% of face value = 0.96 × 1000 = $960
Coupon rate = 5% Semi-annually = 0.05/2 = 0.025
Payment per period (C) = 0.025 × 1000 = $25
Period(n) = 10 years = 10 × 2 = 20
Semiannual Yield to maturity = [(((f-p)/n) + C) / (f + p)/2]
Semiannual YTM = [(((1000 - 960) / 20) + 25) / (1000 + 960)/2]
Semiannual Yield to maturity = [(((40 /20) + 25) / 1960/2]
= (2 + 25) / 980
= 27 / 980 = 0.02755 = 2.755% = 2.76%
Pretax cost of debt = Yield to maturity = 2 × Semiannual yield to maturity
Pretax cost of debt = 2 × 2.76% = 5.52%
What is an alternative name for origin points within transportation modeling? A. cost matrices. B. destinations. C. sources. D. capacities.
Answers
An alternative name for origin points within transportation modeling is option C. Sources.
In transportation modeling, sources refer to the points of origin or locations where goods or services are generated or dispatched. These can include factories, warehouses, distribution centers, or any other facilities where transportation activities originate. In the context of transportation modeling, the term "sources" is commonly used to represent the origin points from which goods or services flow through the transportation network.On the other hand, option A. "Cost matrices" refers to the matrices that represent the costs or distances between different locations in a transportation network, which are used in transportation optimization models. Option B. "Destinations" refers to the points of destination or locations where goods or services are delivered or received. Option D. "Capacities" refers to the maximum amount of goods or passengers that a transportation system or facility can handle.
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The __________ is the set of guidelines issued by the Equal Employment Opportunity Commission (EEOC) and other agencies to identify how an organization should establish a recruitment process that is free and fair. Select one: a. Uniform Commercial Code b. Equal Opportunity Legislation and Policy c. Code of Federal Regulations d. Uniform Guidelines on Employee Selection Procedures e. Equal Employment Opportunity Commission's Employer Information Report
Answers
Answer:
d. Uniform Guidelines on Employee Selection Procedures
Explanation:
Uniform Guidelines on Employee Selection Procedures is the set of guidelines and procedures that is required to be followed during the process of the recruitment process. All the necessary information and decision related to the employment are taken in consideration with this guidelines. Information like educational qualification, and work experience are evaluated under the given guidelines. Decisions of the interviews, the recruitment process and the evaluations are done by considering the guidelines.