The answer is true. Managers are bridging organisational barriers through strategic discussion. Organizational borders are fictitious social divisions created to promote particular behaviours in one group of individuals that are distinct from those of other groups.
They have both positive and negative Managers . Organizational boundaries define groups in a more absolute sense by identifying and defining the territory that each will occupy inside the Organizational. They also serve to differentiate groups from one another. Communicate clearly and effectively across barriers, paying close attention to other people's points of view and actively seeking to comprehend and take them into consideration. establish and preserve confidence with coworkers from their own and other agencies.
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The Production Function shows how total output changes when the amount of a single variable input changes while all other inputs are held constant. Which Economic Resource (Factor of Production) is usually the variable input?
Answer:
labor
Explanation:
They are four factors of production. They are labor, capital, land, and entrepreneurship.
Labor is compensation for human skills, knowledge, time, and energy. It is indicated as salary, wages, commissions, or allowances in the books of account. A company's labor expense is influenced by the number of workers it requires. A planned high output will require many workers, while a low-volume production needs fewer workers. Therefore labor is considered a variable cost.
Capital includes the finances, equipment, and machinery required to start a business. Capital is a fixed cost as capital requirements do not vary will the volume of output. Land and entrepreneurship are fixed costs as they are not expected to change in the s
Profit is _____.
the difference between business income and business expenses
a main motive for entrepreneurs starting new businesses
often calculated using a pie graph
all of the above
Answer:
ALL OF THE ABOVE
Explanation:
EDGE 2021 :D
Dominic lists his camera for sale on an online auction site. Chloe is the highest bidder and purchases the camera. How does the auction site earn its revenue through the transaction?.
Here, the auction site earn its revenue through the payment made by Dominic which is a small fee to the auction site
What is the small fee here?In this case, the small fee refers to the operating cost paid to enable him auction his camera far sale at the auction site.
In conclusion, the auction site earn its revenue through the payment made by Dominic which is a small fee to the auction site.
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Some bureaucracies internationally consider bribery to be a standard aspect of doing business. For international firms doing business in these countries, the frequent expectation of bribes can create a difficult ethical situation. Should businesses engage in bribery in countries where it is expected? How could failing to do so impact the business?
Businesses can take proactive steps to mitigate the impact of not engaging in bribery. This includes conducting thorough due diligence on local laws and regulations, developing strong relationships with local partners, engaging in transparent business practices, and advocating for anti-corruption measures within the countries they operate in.
The issue of bribery in international business is indeed a complex and ethically challenging topic. While some bureaucracies may consider bribery to be a standard aspect of doing business, it is important to note that engaging in bribery is illegal in most countries and can have serious consequences.
As for whether businesses should engage in bribery in countries where it is expected, the answer is no. Engaging in bribery not only violates legal and ethical standards but can also harm the reputation and credibility of the business. Additionally, it may lead to legal troubles and damage relationships with stakeholders, such as customers, employees, and investors.
Failing to engage in bribery in countries where it is expected can have negative impacts on the business. For example, it may result in lost business opportunities, difficulties in navigating bureaucratic processes, and strained relationships with local partners or officials. However, it is crucial for businesses to prioritize ethical behavior and seek alternative strategies to navigate these challenges.
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What accounts are affected. issued check $644 to pay for an advertisement
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
Which of the following is not a benefit of running large batches in a manufacturing setting? O Create larger inventories. O Improve quality performance. O Increase equipment and labor utilization. O Minimize equipment downtime.
The following is not a benefit of running large batches in a manufacturing setting: Improve quality performance. The correct option is b.
Running large batches in a manufacturing setting can offer several benefits such as increasing equipment and labor utilization and minimizing equipment downtime. It can also create larger inventories, which can be advantageous for meeting customer demand or reducing lead times. However, running large batches can also increase the risk of defects, errors, and waste.
This is because large batches can lead to a longer time between inspections and detection of defects, making it more challenging to identify the root cause of the problem. Additionally, the longer production runs can result in more wear and tear on equipment, which can increase the likelihood of breakdowns and equipment failure.
Overall, while running large batches can offer certain advantages, it is important to carefully consider the potential downsides and weigh them against the benefits to determine the optimal batch size for a given production process. The correct option is b.
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- RBT Requirements Coordinators are responsible for:
•Direct supervision of an RBT only
•All supervision activities of RBTs across an organization
•Administrate paperwork associated with RBT supervision only
•Only activates associated with RBT supervisors
Answer: All supervision activities of RBTs across an organization
Explanation:
A Registered Behavior Technician I someone who that is closely monitored by BCBA when practicing. The RBT is responsible for implementing behavior-analytic services.
RBT Requirements Coordinators are responsible for all supervision activities of RBTs across an organization.
Is a savings account safe for than investing in stock market
On July 1, 2019, Stacy Company signed a $165,000, one-year, 6 percent note payable. The principal and interest will be paid on June 30, 2020. How much interest expense should be reported on the income statement for the year ended December 31, 2019
The interest expense can be calculated as follows:
interest expense = principal amount × annual interest rate × timeinterest expense = $165,000 × 6% × (6/12) = $4,950
thus, the interest expense reported on the income statement for the year ended december 31, 2019, would be $4,950.
the interest expense reported on the income statement for the year ended december 31, 2019, would be $4,950.
the note payable has a principal amount of $165,000 and an annual interest rate of 6%. to calculate the interest expense for the period from july 1, 2019, to december 31, 2019, we need to determine the portion of the year that the note was outstanding.
july 1, 2019, to december 31, 2019, is a 6-month period.
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many project management activities occur as part of the planning process group. T/F
True. In project management, the planning process group is one of the five process groups that include initiating, planning, executing, monitoring and controlling, and closing. The planning process group is where most of the project management activities occur, and it involves the creation of a project management plan that outlines how the project will be executed, monitored, and controlled. The project management plan includes various subsidiary plans such as the scope management plan, schedule management plan, cost management plan, quality management plan, risk management plan, and stakeholder management plan, among others.
During the planning process group, project managers identify the project objectives, scope, deliverables, and requirements. They also develop a project schedule, budget, and resource plan. In addition, they create a risk management plan that identifies potential risks and outlines strategies for managing them. Other activities that occur during the planning process group include defining project roles and responsibilities, creating a communication plan, and obtaining approvals from stakeholders.
In summary, the planning process group is critical to project success, and it involves a range of project management activities that enable project managers to plan and execute projects effectively.
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How important is money
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.
Banking on Emotional Intelligence Amber I'm not sure what the problem is. In my training they told me! need to hit sales numbers and fulfill customer needs based on the products the bank offers. What do you think the problem is? Customers are frustrated because of a lack of consideration on your part. They don't think you are really listening to their needs. Customers get upset because they think you are rude and can't control your emotions. This leads them to shy away from doing business with you. You are not able to effectively manage conflict with customers. By fighting with them you push them away to other team members, or worse, to competitors. Submit
Customers get upset because they think you are rude and can't control your emotions. This leads them to shy away from doing business with you. Option b is correct.
The problem described in the statement suggests that customers perceive the individual as rude and unable to control their emotions, which negatively affects their interaction and willingness to engage in business. This implies a lack of emotional intelligence in managing customer relationships and addressing their needs.
Developing emotional intelligence skills, such as empathy, active listening, and maintaining a professional demeanor, can help overcome this problem and improve customer satisfaction and loyalty. Option b is correct.
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--The complete question is, Banking on Emotional Intelligence Amber I'm not sure what the problem is. In my training they told me! need to hit sales numbers and fulfill customer needs based on the products the bank offers. What do you think the problem is?
a. Customers are frustrated because of a lack of consideration on your part. They don't think you are really listening to their needs.
b. Customers get upset because they think you are rude and can't control your emotions. This leads them to shy away from doing business with you.
c. You are not able to effectively manage conflict with customers.
d. By fighting with them you push them away to other team members, or worse, to competitors.--
The problem in banking seems to be a lack of emotional intelligence. Customers feel unheard and frustrated, leading to a breakdown in trust. Ineffective conflict management can also drive customers away.
Explanation:The problem seems to be a lack of emotional intelligence in banking. Emotional intelligence, as defined by Daniel Goleman in his book Emotional Intelligence: Why It Can Matter More Than IQ, refers to the ability to understand and manage one's own emotions and effectively navigate social interactions. In the context of banking, emotional intelligence is crucial for building strong relationships with customers and meeting their needs.
Customers are frustrated because they feel that their needs are not being considered and that the bank is not really listening to them. This lack of empathy and understanding can lead to a breakdown in trust and ultimately drive customers away.
Additionally, the way bank employees handle conflict with customers is an important aspect of emotional intelligence. If employees are unable to manage their own emotions and engage in constructive conflict resolution, it can further alienate customers and damage the bank's reputation.
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Accounts receivable has a starting balance of $10,500. After a customer pays $2,500, what is the balance of the account? A. $13,000 C. $8,000 B. $2,500 D. $10,500
The balance in the Accounts Receivable after the customer pays $ 2, 500 would be C. $8,000.
What is Accounts Receivable?Accounts Receivable, a phrase used in accounting, denotes the amount of money owed by customers or clients to businesses that provided them goods or services on credit. This creates an account receivable for the customer which reflects how much he/she owes the business for the purchased products or services.
The balance on the accounts would be:
= Starting balance - amount paid
= 10, 500 - 2, 500
= $ 8, 000
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Analysis of Competitors If I launch a new application that tracks waste collection and recycling of useful materials by collaborating with recycling industries such as cloth, glass, e-waste, paper, and so on
1. PEST Analysis 2. Risk Velocity Heat Map 3. Porter Five Forces Analysis 4. Direct Competitor Analysis
5. Perceptual Map 6. Strategic Group Mapping Please provide a detailed response.
Here is a detailed response to your question about analyzing competitors for your new waste collection and recycling application:
1. PEST Analysis: Conducting a PEST analysis helps you understand the external factors that may impact your business. It stands for Political, Economic, Social, and Technological factors. For your waste collection and recycling application, you would examine how government regulations, economic conditions, social attitudes towards recycling, and technological advancements might affect your business. 2. Risk Velocity Heat Map: A risk velocity heat map allows you to assess the speed at which risks can impact your business and their potential consequences. You can use it to identify and prioritize potential risks related to launching and operating your application. Consider risks such as competition from existing waste collection and recycling apps, legal challenges, market saturation, and technology failures. 3. Porter Five Forces Analysis: The Porter Five Forces analysis helps you understand the competitive landscape in your industry. It examines the bargaining power of suppliers and customers, the threat of new entrants, the threat of substitute products or services, and the intensity of competitive rivalry. Conduct this analysis to evaluate the attractiveness of the waste collection and recycling market and identify potential competitive threats. 4. Direct Competitor Analysis: A direct competitor analysis involves analyzing your direct competitors in the waste collection and recycling app market. Identify other apps that provide similar services and compare their features, pricing, target audience, and market share. This analysis helps you understand your competition's strengths and weaknesses, allowing you to differentiate your application and offer unique value to your target customers. 5. Perceptual Map: A perceptual map is a visual representation that helps you understand how customers perceive different products or brands in the market. It allows you to position your waste collection and recycling app relative to other existing apps. Identify key dimensions that customers consider important, such as user-friendliness, reliability, or sustainability, and plot your app and competitors on the map. This analysis helps you identify any gaps in the market that your app can fill. 6. Strategic Group Mapping: Strategic group mapping helps you understand the competitive dynamics within your industry by grouping competitors based on similar strategies and market positions. Identify the key players in the waste collection and recycling app market and categorize them based on factors like target audience, pricing strategy, or service offerings. This mapping can help you identify potential collaboration opportunities or areas where you can differentiate your app from competitors.
By conducting these analyses, you will gain a comprehensive understanding of your competitors, market conditions, and potential risks. This knowledge will enable you to make informed strategic decisions and position your waste collection and recycling app for success.
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Scott company had sales of $12,000,000 and related cost of goods sold of $9,000,000. Scott provides customers a refund for any returned or damaged merchandise. At the end of the year, scott estimates that customers will request refunds for 1% of sales and estimates that merchandise costing $50,000 will be returned. Journalize the adjusting entries on december 31 to record the expected customer returns.
Journal entries to be recorded for expected customer returns
Journal entry1:
trade receivables $12,000,000 (debit)
income of $11,880,000 (credit)
refund obligations $120,000(credit)
(Being Acknowledgement of Sales Revenue and Refund Liability.)
Journal entry 2:
Cost of Goods sold $9,000,000 (debit)
Inventory $9,000,000(credit)
(Being Acknowledgement of Sale-Related Costs)
Journal entry 3:
Asset with Recovery Rights $50,000 (debit)
Cost of goods sold $50000(credit)
(Being the Reduction of the Cost of Sales with Items Having the Right to Return)
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Emma & Tom's label operations management as the "risk of real" because they are producing a fresh product with short use-by dates. If you were the Production Planner, what key information would you have on your dashboard to help with production planning to ensure orders are filled, ingredients are available and wastage is low? Explain why.
The required answer to this question is as a Production Planner in Emma & Tom's label operations, the key information I would have on my dashboard to facilitate effective production planning would include the following:
1) Current and upcoming orders:
This information would provide an overview of the demand for the products, including quantities, delivery dates, and customer details. It would help me prioritize and allocate resources accordingly.
2) Inventory levels:
Monitoring the stock levels of ingredients, packaging materials, and finished products is crucial for production planning. It would enable me to determine if there are enough resources to fulfill orders, identify potential shortages, and plan for timely procurement.
3) Production schedule:
The production schedule would outline the planned production activities, including batch sizes, production times, and shift schedules. It would help me visualize the overall production flow and allocate resources efficiently, ensuring that orders are filled on time.
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Businesses play a role in the circular flow of goods by:
A. Offering natural resources to manufacturing firms
B. Providing labor to resources markets.
C. Creating goods that households want to buy
D. Directly selling products to consumers
Answer:
C. Creating goods that households want to buy
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The main purpose of supply chain management is to provide collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
Hence, businesses play a role in the circular flow of goods by creating goods that households want to buy. These goods are produced to meet the needs or wants of customers (households) and as such making them willing to buy it.
Answer:
Turning resources into products for sale
Explanation:
Fifth Fourth National Bank has a savings program which will guarantee you $10,000 in 10 years if you deposit $75 per month. What APR is the bank offering you on this savings plan? A) 2.09% B) 1.93% C) 2.39% D) 2.32% E) 2.32%
Based on the information provided, we can use the future value of an ordinary annuity formula to solve for the APR. The APR the bank is offering on this savings plan is 2.09%.
To solve for the APR, we can use the formula:
Future Value = P * (1 + r)^n - 1 / r, where P is the monthly deposit, r is the monthly interest rate, and n is the number of months. In this case, we know that the future value is $10,000, the monthly deposit is $75, and the number of months is 10 * 12 = 120.
Rearranging the formula to solve for r, we have: r = ((Future Value / P) + 1)^(1/n) - 1.
Plugging in the values, we get: r = ((10,000 / 75) + 1)^(1/120) - 1. Simplifying the equation, we find that r is approximately 0.0209, or 2.09% when expressed as a percentage.
Therefore, the bank is offering an APR of 2.09% on this savings plan (Option A).
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is project management an art or is it a science? how can project management help organizations improve business performance? give an example.
Project management can be considered both an art and a science.
It involves a combination of technical skills, such as planning, scheduling, budgeting, and risk management, as well as interpersonal skills, such as leadership, communication, and conflict resolution.
Effective project management can help organizations improve their business performance by ensuring that projects are completed on time, within budget, and to the desired quality. This can lead to increased customer satisfaction, improved operational efficiency, and higher profitability.
For example, a construction company may use project management to build a new office building for a client. By carefully planning and managing the project, the company can ensure that the building is completed on time, within budget, and to the required specifications.
This can help the company to improve its reputation and win more business, leading to increased revenue and profitability. Additionally, the client is more likely to be satisfied with the final result, leading to a better long-term relationship and potential for future projects.
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What is the ebusiness model that represents 80% of all online businesses and is typically more complex, requiring greater security needs?
The e-business model that represents 80% of all online businesses and is typically more complex, requiring greater security needs, is the Business-to-Business (B2B) transactions model.
The ebusiness model that represents 80% of all online businesses and is typically more complex, requiring greater security needs, is the B2B (business-to-business) model. This model involves transactions between two businesses, as opposed to B2C (business-to-consumer) which involves transactions between a business and a consumer. B2B transactions often involve larger sums of money and more sensitive information, such as trade secrets or financial data, which require higher levels of security measures.
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SHOPPING FOR CREDIT
Credit card costs and features can vary greatly. This exercise will give you a chance to shop for and compare the costs and features of three credit cards.
Directions
Using the attached form, research the costs and features of:
■ Two major credit cards; and
■ One credit card from a department store.
When you’re done, answer the following questions.
1. What did you find?
2. Which credit card has the highest annual percentage rate and how much is it?
3. What method is used to calculate the monthly finance charge for the first major credit card?
4. When does the finance charge begin to accrue on the credit card from the local department store?
5. Do any of the cards have annual fees? If so, which one(s) and how much is the fee?
6. Is there a transaction fee on any card? If so, how much is it?
7. Is there a minimum finance charge on either of the major credit cards? If so, how much is it?
8. Does the first major credit card charge a fee for late payments? If so, how much is it?
9. What is the grace period on the credit card from the local department store?
Rafael wants to buy a new CD player that costs $450. According to his budget, he can afford payments up to $62.00 per month. Which of the three credit cards you’ve found would you recommend that Rafael use to purchase the CD player?
Why?
Use the following form to compare two or more credit cards:
card one
card two
Type of account:
Credit card
Charge card
Company name, address, phone
Website
Locations where the card is accepted
Annual fee (if any)
Grace period
Annual Percentage Rate (APR)
Finance charge calculation method
Credit limit
Minimum payment
Other fees: Late payment
Other features
Credit cards can come with a variety of costs and features, which can make it challenging to choose the best one. When comparing credit cards, it is essential to pay attention to the annual percentage rate (APR), which is the interest rate charged on outstanding balances. It is also important to look at any fees associated with the card, such as annual fees, transaction fees, and late payment fees.
After researching two major credit cards and one credit card from a department store, it is clear that there are significant differences in costs and features. One major credit card has an APR of 24%, while the other has an APR of 16%. The department store credit card has an APR of 28.99%. The first major credit card calculates the monthly finance charge using the average daily balance method. The finance charge on the department store credit card begins to accrue immediately upon purchase.
Of the three cards, only one has an annual fee, which is $99 for the department store credit card. There is a transaction fee of 3% on one of the major credit cards. One of the major credit cards has a minimum finance charge of $1.50. The first major credit card charges a late payment fee of $39.
The department store credit card offers a grace period of 25 days. Given Rafael's budget, the best option for him would be to use the major credit card with the lower APR and no annual fee. This will allow him to make payments within his budget while minimizing the total interest paid. Overall, when shopping for credit, it is crucial to compare costs and features carefully to find the best card for your needs.
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what is the value of ln(-1)
jerry spends his days originating loans in the primary mortgage market. he originates them, but the financing comes from a lender that jerry partners with. this is because jerry doesn't have funds of his own to lend. what job does jerry most likely have?
Jerry most likely has the job of a mortgage loan originator, where he originates mortgage loans for borrowers but relies on a lender for the actual financing since he does not have funds of his own to lend.
Jerry's job as a mortgage loan originator involves working with borrowers to guide them through the loan application process. He assists borrowers in completing necessary paperwork, gathering financial information, and assessing their eligibility for mortgage loans. Jerry acts as an intermediary between the borrowers and the lender, helping to facilitate the loan transactions.
While Jerry originates the loans, the actual funding comes from the lender with whom he partners. This means that Jerry's role is focused on generating loan applications and bringing in potential borrowers, rather than providing the funds for the loans himself.
He relies on the lender's resources to provide the financing for the loans he originates.
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A small-scale contractor is looking to expand his construction fleet through two mutually exclusive alternatives: either a) the purchase of additional pick-up trucks or b) the purchase of an additional backhoe. The contractor has an MARR of 8% per year.
The contractor's minimum attractive rate of return (MARR) is 8% per year. The contractor is seeking to increase his construction fleet through the acquisition of additional pick-up trucks or an additional backhoe. The two mutually exclusive options are as follows: a) The purchase of additional pick-up trucks. b) The purchase of an additional backhoe.
The contractor should choose the alternative that has the higher present value. The acquisition of additional pick-up trucks has an initial outlay of $60,000, an annual revenue of $20,000, and an annual maintenance cost of $10,000. Its estimated useful life is five years, after which it can be sold for $10,000. The net present value (NPV) of the project can be calculated using the following formula: Net Present Value (NPV) = Σ [Rt / (1 + r)t] - C where Rt is the net cash flow in year t, r is the discount rate, and C is the initial investment.
The net cash flow for each year is as follows: Year 1: $20,000 - $10,000 = $10,000Year 2: $20,000 - $10,000 = $10,000Year 3: $20,000 - $10,000 = $10,000Year 4: $20,000 - $10,000 = $10,000Year 5: $20,000 - $10,000 + $10,000 = $20,000The present value of each cash flow is as follows: Year 1: $9,259Year 2: $8,566Year 3: $7,918Year 4: $7,312Year 5: $12,991The NPV of the acquisition of additional pick-up trucks is as follows: NPV = ($9,259 + $8,566 + $7,918 + $7,312 + $12,991) - $60,000NPV = $46,046The acquisition of an additional backhoe has an initial outlay of $200,000, an annual revenue of $100,000, and an annual maintenance cost of $40,000. Its estimated useful life is also five years, after which it can be sold for $60,000.The net cash flow for each year is as follows: Year 1: $100,000 - $40,000 = $60,000Year 2: $100,000 - $40,000 = $60,000Year 3: $100,000 - $40,000 = $60,000Year 4: $100,000 - $40,000 = $60,000Year 5: $100,000 - $40,000 + $60,000 = $120,000The present value of each cash flow is as follows: Year 1: $55,556Year 2: $51,282Year 3: $47,337Year 4: $43,695Year 5: $77,917The NPV of the acquisition of an additional backhoe is as follows: NPV = ($55,556 + $51,282 + $47,337 + $43,695 + $77,917) - $200,000NPV = $76,787Therefore, the contractor should acquire an additional backhoe as it has a higher NPV than the acquisition of additional pick-up trucks.
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Use branch-and-bound algorithm to find the solution of the following IP model. (Use the graphical method to find the solution/subproblems) max z = 2X2 + 3X2 s.t. 5X1 + 7X, S 35 4X1 + 9x2 < 36 X ,X2 > 0 and X1, X2: integer
The optimal solution for the given IP model is (X1, X2) = (5, 3), with an optimal objective value of 19.
The branch-and-bound algorithm is a powerful tool for solving integer programming (IP) problems. It begins by solving the relaxed LP problem and then divides the problem into subproblems, creating a tree structure. It then selects one of the subproblems and repeats the process until an optimal integer solution is found.
Let's apply this algorithm to the given IP model:
max z = 2X1 + 3X2
subject to:
5X1 + 7X2 ≤ 35
4X1 + 9X2 < 36
X1, X2 ≥ 0, integer
Step 1: Solve LP relaxation
Ignore the integer constraint and solve the relaxed LP problem:
max z = 2X1 + 3X2
subject to:
5X1 + 7X2 ≤ 35
4X1 + 9X2 < 36
X1, X2 ≥ 0
Using graphical methods, we can draw the feasible region and the objective function on a graph.
IP Model Graphical Solution
The optimal solution for the LP relaxation is (X1, X2) = (3, 2.14) with an optimal objective value of 12.5.
Step 2: Create subproblems
We can create two subproblems by branching on X2:
Subproblem 1: max z = 2X1 + 3X2, subject to:
5X1 + 7X2 ≤ 35
4X1 + 9X2 < 36
X1, X2 ≥ 0, X2 ≤ 2
Subproblem 2: max z = 2X1 + 3X2, subject to:
5X1 + 7X2 ≤ 35
4X1 + 9X2 < 36
X1, X2 ≥ 0, X2 ≥ 3
Step 3: Solve subproblems
We repeat the process starting from subproblem 1 and solving the LP relaxation. The optimal solution is (X1, X2) = (3, 1.57) with an objective value of 9.71.
Since the objective value of the LP relaxation of subproblem 1 is less than the current upper bound of 12.5, we can discard this subproblem.
Next, we solve subproblem 2 by solving the LP relaxation. The optimal solution is (X1, X2) = (4.5, 3) with an objective value of 18.
Since the objective value of the LP relaxation of subproblem 2 is greater than the current upper bound of 12.5, we branch on X1:
Subproblem 3: max z = 2X1 + 3X2, subject to:
5X1 + 7X2 ≤ 35
4X1 + 9X2 < 36
X1, X2 ≥ 0, X2 ≥ 3, X1 ≤ 4
Subproblem 4: max z = 2X1 + 3X2, subject to:
5X1 + 7X2 ≤ 35
4X1 + 9X2 < 36
X1, X2 ≥ 0, X2 ≥ 3, X1 ≥ 5
We solve subproblem 3 and the optimal solution is (X1, X2) = (4, 3) with an objective value of 17. We can discard this subproblem since its objective value is less than the current upper bound.
Finally, we solve subproblem 4 and the optimal solution is (X1, X2) = (5, 3) with an objective value of 19. This is the optimal integer solution.
Step 4: Solution
Therefore, the optimal solution for the given IP model is (X1, X2) = (5, 3), with an optimal objective value of 19.
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8. Describe three methods a company can use to increase employee motivation. 9. What is market segmentation? How is it used in a successful business? Give two examples of types of market segments.
8. A company can use the following methods to increase employee motivation:Recognition: Employees like to feel appreciated for their work. So, recognition is a vital factor in motivating employees. A company can motivate employees by providing them recognition for their work, appreciating them for their performance, and acknowledging their contributions.Employee Engagement: Employee engagement is another factor that can help improve employee motivation. When a company engages with its employees, they feel like they are valued and can make a significant contribution. A company can motivate employees by involving them in the decision-making process, providing opportunities for personal and professional growth, and giving them the freedom to perform their tasks creatively.Employee Incentives: Employees like to be rewarded for their hard work and dedication. Therefore, a company can motivate employees by providing incentives like bonuses, extra vacation time, or other benefits for achieving specific goals or objectives.9. Market Segmentation:Market segmentation is the process of dividing a market into smaller groups of buyers with similar needs or characteristics. It is used to identify and understand different customer groups, create targeted marketing campaigns, and develop products that meet their needs. Two examples of market segments are:Demographic Segmentation: Demographic segmentation is the process of dividing the market based on demographic characteristics such as age, gender, income, education, etc. For example, a company may target young adults aged 18-25 years who are tech-savvy and interested in the latest gadgets.Psychographic Segmentation: Psychographic segmentation is the process of dividing the market based on lifestyle, personality, values, and attitudes. For example, a company may target eco-conscious consumers who are concerned about the environment and prefer sustainable products.
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a familiar brand name is important for consumer good and services shopping experiences for the consumer because it:
Familiar brand names are important for consumer goods and services shopping experiences for the consumer because it builds trust and recognition.
Consumers can recognize a brand by its name, logo, and even its packaging, which can help them make a more informed buying decision. With a recognizable brand name, customers can quickly identify if a product or service will meet their needs, as they are more likely to have had previous success with a familiar brand.
Additionally, brand recognition will often lead to increased loyalty, as customers will likely return to a brand that they are familiar with. This type of loyalty and recognition of a brand can lead to a more positive shopping experience for the consumer.
Familiar brand names can also help to reduce the likelihood of customers being swayed by competitors, as they are more likely to trust a brand that they have had success with in the past.
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A familiar brand name can provide consumers with a sense of security, confidence, and convenience in their shopping experiences, making them more likely to make repeat purchases and recommend the brand to others.
A familiar brand name is important for consumer goods and services shopping experiences for the consumer because it creates a sense of trust and familiarity. When consumers are familiar with a brand name, they are more likely to believe in the quality of the product or service and feel confident in their purchasing decision.
This can lead to a higher level of satisfaction with the purchase, as well as increased loyalty to the brand. Additionally, a familiar brand name can save consumers time and effort in their decision-making process.
With so many options available in the market, it can be overwhelming to choose between products or services that are unknown to the consumer. A familiar brand name can act as a shortcut, allowing consumers to quickly identify the products or services they trust and have had positive experiences with in the past.
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Which are functions of money? Select the three correct answers.
A store of value
B. producer of resources
C. unit of account
D. medium of exchange
DE record of finances
F. unit of output
Answer:
A store of value
C. unit of account
D. medium of exchange
Explanation:
Money has four main functions. They are
The medium of exchange: It the most widely used and accepted instrument for the exchange of goods and servicesUnit of account: Money provides a standard measure of the value of goods and services being exchanged. Store of value: Money is known to keep its value for some period. this enables other commodities, both perishable and non-perishables, to be assigned monetary values Standard of future payments: This function allows for trade to be done on credit terms.$200 a month for car insurance geico is that normal?