What important guideline should?. What important guideline should you keep in mind when choosing independent variables for multiple regression?

Answers

Answer 1

When choosing independent variables for multiple regression, it is important to consider theoretical relevance, multicollinearity, sample size, and measurement accuracy to ensure the reliability and validity of the results.

Firstly, it is crucial to select variables that are theoretically relevant to the research question at hand. This ensures that the model includes variables that are likely to have an impact on the dependent variable.
Secondly, it is important to avoid including variables that are highly correlated with each other. This is known as multicollinearity and can lead to inaccurate and unreliable results. To check for multicollinearity, you can use techniques such as calculating correlation coefficients or variance inflation factors (VIF).

Additionally, it is important to consider the sample size when selecting independent variables. As a general rule of thumb, the number of observations should be at least 10 times the number of independent variables to avoid overfitting. Furthermore, it is important to ensure that the independent variables are measured accurately and reliably. This can be achieved by using validated and standardized measurement instruments or by employing rigorous data collection methods.

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Related Questions

inventory records for eliza company revealed the following: date transaction number of units unit cost march 1 beginning inventory 930 $ 7.25 march 10 purchase 580 7.66 march 16 purchase 780 8.09 march 23 purchase 590 8.49 eliza sold 1,900 units of inventory during the month. cost of goods sold assuming fifo would be:

Answers

The cost of goods sold assuming FIFO (First In First Out) for Eliza Company would be $14,935.20.

The cost of goods sold is the amount of expenses and expenses that are allowed, either directly or indirectly, to produce goods or services in the conditions and places where the goods can be sold or used.

This can be calculated by adding the cost of the beginning inventory (930 x $7.25) to the cost of the purchases (580 x $7.66 + 780 x $8.09 + 590 x $8.49) and subtracting it from the total units sold (1,900 units). Calculation:

(930 x $7.25) + (580 x $7.66) + (780 x $8.09) + (590 x $8.49) - (1,900 units) = $14,935.20.

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To keep your system and the servers at work running efficiently, you should
delete all messages immediately after you read them
Osave important files you receive as e-mail attachments to your hard drive
O delete e-mail that you no longer need, particularly ones with large attachments
O empty your Deleted Mail folder
forward all long e-mails to a secondary e-mail account

Answers

To keep your system and the servers at work running efficiently, you should:

Save important files you receive as e-mail attachments to your hard drive.Delete e-mail that you no longer need, particularly ones with large attachments.Empty your Deleted Mail folder.

What  message should you delete?

Save important files you receive as e-mail attachments to your hard drive: This will ensure that you have a copy of the file and can access it easily without having to search through your email every time.

Delete e-mail that you no longer need, particularly ones with large attachments: This will help to free up space on your email server and prevent it from becoming overloaded, which can slow down your system and affect its performance.

Empty your Deleted Mail folder: This will permanently remove any emails that you have deleted and free up space on your email server.

Therefore, options B, C, and D are correct, and options A and E are incorrect.

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Social responsibility is: a. a personal moral philosophy that focuses on the greatest good for the greatest number by assessing the costs and benefits of the consequences of ethical behavior. b. a democratic consensus of moral principles and laws that govern the behavior of individuals based on legislation adopted at the federal, state, and local levels. c. a societal moral philosophy based on the Golden Rule of the Judeo-Christian ethic found in the U.S. Constitution's Bill of Rights. d. the view that organizations are part of a larger society and are accountable to that society for their actions. e. a personal moral philosophy that considers individual rights or duties as universal, regardless of the outcome.

Answers

d. the view that organizations are part of a larger society and are accountable to that society for their actions.

Social responsibility refers to the belief that organizations have an obligation to operate in a manner that benefits society as a whole. It emphasizes that organizations should not solely focus on maximizing profits but should also consider the impact of their actions on the environment, employees, customers, and the community. This perspective recognizes that businesses exist within a broader societal context and should act responsibly by taking into account the interests and well-being of various stakeholders. Socially responsible organizations strive to contribute positively to society, promote ethical behavior, and address social and environmental issues in their operations.

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Someone broke into your apartment and stole all of your stuff. Luckily, you
have renter's insurance. How do you request that your insurance pay for
the lost items?
A. file a claim
B. Write a deductible
C. Submit a powerpoint presentation
D. Prepare a lease

Answers

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Answer: A, file a claim

Explanation:

I hope this helped!

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Answer:

A. file a claim

Explanation:

The answer is A. If you are on TeachBanzai because I did this a couple months ago and got 100%

as jean tyler plans to set aside funds for her young children's college education, she is setting a short-term goal.

Answers

As Jean Tyler plans to set aside funds for her young children's college education, she is setting a long-term goal.

What is a long-term financial goal?

A goal is the desired outcome that a person plans for, commits to achieving, and envisions. A financial goal is also an outcome you desire to achieve in a particular area of your finances. Something you intend to accomplish with your finances in the far future is a long-term financial objective. The most notable is a target that will be reached in five or more years.

How is Jean Tyler setting a long-term goal?

A long-term objective is something you wish to accomplish in the future, as opposed to a short-term aim. For a plan and prospective strategy to succeed, it is crucial, and it takes time and preparation, as in the case of Jean Tyler, which probably requires many years of saving.

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The complete question is: "As Jean Tyler plans to set aside funds for her young children's college education, she is setting a ______ goal."

you tell a vulgar joke to your co-worker. she becomes offended and files a complaint with her supervisor. where did you go wrong?

Answers

I forgot to understand the comfortability level of my co-worker and it make her uncomfortable enough to file a complain against me.

Behavior in the workplace -

Treat your colleague like you would treat a woman in your family - personally give her the same respect and appreciation. When it comes to work, treat her like a male colleague. Love her or hate her - don't treat her differently than her others.

Men's talks are no longer considered "cool". It's clearly an attempt by a man to keep a woman on the margins. You will gain a reputation as a misogynist

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What can a boosted post help an advertiser achieve?

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A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $5 million at the end of one year, $10 million at the end of two years, and $15 million at the end of three years. Option C will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option D will give the firm $21 million at the end of one year, nothing at the end of two years, and $9 million at the end of three years. Which of these options has the highest present value if the rate of interest is 5 percent

Answers

Answer:

The answer is "Option D".

Explanation:

Using the formula for calculating present value:

\(= \frac{Future \ value}{(1+r)^n}\\\\\)

that's why "Option D" is correct.

Linda, the listing broker, is planning to forward her commission claim to the closing agent for a commercial property. the owner refuses to pay commission. the property has a value of $1,000,000 and linda's commission is 7% of it. the owner had taken out $1,125,000 in mortgages on the property. can linda recover her commission?

Answers

Linda can still recover her commission because, the property value is $1,000,000 of which her commission is 7% or $70,000. The amount that is left after the property is mortgaged is enough for Linda's commission.

What is commission?

It is a payment made to a representative or employee for carrying out a task or rendering a service. A portion of the money collected from the total amount paid to the agent in charge of the business makes up the majority of it. For each automobile he sells, he receives a commission.

Value of the property =  $1,000,000

Amount of Linda's commission =  $1,000,000× 7% = $70,000

Amount taken out for mortgage = $1,125,000

Amount left = $1,125,000- $1,000,000 = $125,000

Therefore, Linda can recover her commission.

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You buy a watch that costs $45.50. The tax on the watch is 7.5%. What is the final cost?​

Answers

Answer:

$48.9125

Explanation:

7.5% of 45.50 is 3.4125

3.4135+45.50=48.9125

India levied 30% tax on cryptocurrency? is it good or bad? give
justification? minimum 600 words require

Answers

The impact of India imposing a 30% tax on cryptocurrency is subjective and depends on individual perspectives. There are potential benefits and drawbacks to consider, and opinions may vary on whether it is good or bad.

The imposition of a 30% tax on cryptocurrency in India can be viewed from different perspectives, each with its own justification. In order to provide a comprehensive analysis, let us examine both the potential benefits and drawbacks of such a tax policy.

One of the arguments in favor of the 30% tax on cryptocurrency is that it can contribute to increased tax revenue for the government. Cryptocurrency has gained significant popularity and value in recent years, with many individuals and businesses engaging in crypto-related activities. By imposing a tax on cryptocurrency transactions, the government can tap into this emerging market and generate additional revenue. This can potentially help fund various public services, infrastructure development, and social welfare programs, ultimately benefiting the broader population.Another argument for the tax is that it can aid in regulating and legitimizing the cryptocurrency market. The decentralized and anonymous nature of cryptocurrencies has raised concerns regarding money laundering, tax evasion, and other illicit activities. By implementing a tax policy, the government can establish a framework to monitor and regulate crypto transactions. This can enhance financial transparency, discourage illegal activities, and promote a safer and more secure environment for crypto users.Furthermore, taxing cryptocurrencies can help promote fairness and equity in the tax system. Traditional forms of income, such as salaries and business profits, are subject to taxation. By extending this principle to cryptocurrency, it ensures that individuals who generate income from crypto investments or trading are subject to the same tax obligations as those earning income through conventional means. This can reduce any potential distortions or unfair advantages that may arise from differential tax treatment.On the other hand, there are arguments against imposing a 30% tax on cryptocurrency in India. One concern is the potential negative impact on innovation and technological advancement. Cryptocurrencies, particularly blockchain technology, have the potential to revolutionize various industries and provide innovative solutions. By imposing a high tax rate, it may discourage entrepreneurs, startups, and developers from engaging in cryptocurrency-related projects, stifling innovation and hindering the growth of this emerging sector.Another drawback is the possibility of driving cryptocurrency transactions underground. High tax rates can incentivize individuals and businesses to resort to unregulated and illicit channels to conduct crypto transactions, evading the tax authorities. This undermines the government's efforts to establish a regulated and transparent crypto market. It also poses challenges in terms of enforcement and monitoring, as tracking transactions in the underground economy can be difficult.Furthermore, the high tax rate may deter foreign investment in the cryptocurrency sector. Investors seeking favorable environments for cryptocurrency-related activities may choose countries with more attractive tax policies. This could result in a potential loss of investment, job opportunities, and economic growth in the cryptocurrency sector.

In conclusion, the imposition of a 30% tax on cryptocurrency in India has both potential benefits and drawbacks. It can contribute to increased tax revenue, regulate the crypto market, and promote fairness in the tax system. However, it may also hinder innovation, drive transactions underground, and discourage foreign investment. Striking the right balance between taxation and fostering a conducive environment for the cryptocurrency sector is crucial. Additionally, it is important for the government to continually evaluate and adapt tax policies to address the evolving dynamics of the crypto market and ensure the overall welfare and economic growth of the country.

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Do you have to report cash transactions over 10000?.

Answers

In general, you are required to file Form 8300 if your trade or company involves receiving more than $10,000 in cash in a single transaction or series of related transactions.

Explain about the cash transactions?

A cash transaction is when you pay cash up front to buy anything. Even though the trade may not settle for a few days, some market stock transactions are nevertheless regarded as cash transactions. An exchange of cash is not deemed to be a futures contract.

Cash transactions over 2 lakh are not allowed for any reason, according to Indian income tax regulations. For instance, you must use a check, credit card, debit card, or bank transfer to pay for a single transaction of 3 lakh in gold jewelery.

In a firm, there are primarily four different sorts of financial transactions. Sales, purchases, receipts, and payments are the four categories of financial transactions that have an effect on the firm.

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Iron Corporation is evaluating an extra dividend versus a share
repurchase. In either case, $16,000 would be spent. Current
earnings are $2.00 per share, and the stock currently sells for $50
per shar

Answers

Iron Corporation has a decision to make whether to pay an extra dividend or do a share repurchase, both costing $16,000. The company has a current earnings rate of $2.00 per share, and its current share value is $50 per share. Therefore, we shall evaluate the two options, extra dividend versus a share repurchase by Iron Corporation. Between a share repurchase and an extra dividend, it is the former that's commonly preferred.

For Iron Corporation, the share repurchase can help drive up the company's earnings per share and improve its return on assets. Share repurchases provide value to shareholders by increasing their stock prices by improving earnings per share.The stock repurchase has a similar effect to increasing the firm's dividend, as it raises earnings per share.

Nonetheless, a share repurchase is tax efficient compared to an extra dividend. The stock repurchase also does not make a promise or expectation to investors, as does a dividend. An extra dividend does not result in any appreciable benefit over a stock buyback for shareholders.

However, shareholders of the corporation may be anxious if the company decides to reduce the dividends later on when an extra dividend is paid. This could lead to a decline in share price.The Iron Corporation should consider share repurchase instead of an extra dividend since the share buyback is more effective and tax-efficient, and it does not have the same promise to shareholders as does a dividend. It can increase earnings per share by reducing the total number of outstanding shares.

The earnings per share will subsequently increase, making the shares more appealing to investors.

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Match each Legal Services career with its description
Legal Secretary
Judge
Paralegal
handles correspondence for legal
organizations
helps people negotiate and overcome
conflicts
prepares paperwork and researches
information to help Lawyers
provides legal representation, advice,
and assistance
manages and oversees proceedings in a
court of law
Lawyer
Arbitrator

Answers

The correct matching of the Legal Services career with its description is:

handles correspondence for legal organizations- Legal Secretaryhelps people negotiate and overcome conflicts- Arbitratorprepares paperwork and researches information to help Lawyers- Paralegalprovides legal representation, advice, and assistance- Lawyermanages and oversees proceedings in a court of law- JudgeWhat is a Legal Service?

This refers to the numerous services which has to do with legal matters and may include representation in court to help a client in a legal case.

With this in mind, we can see that a paralegal is a professional who has to training to help lawyers when preparing a case and has more responsibility than a legal secretary.

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Which of these is an off-site metric for social media marketing?

Answers

Answer:c

Explanation:

Inseparability in services refers to the fact that.

Answers

Inseparability refers to : The consumer cannot distinguish between the service provider from the service itself.

What Is Service Inseparability?

Service inseparability means that the production and consumption of a service can't be separated from the provider of that service. It also requires that a customer is physically participating in the consumption of the service.

The above means every part of the experience is tied together. A customer can't separate the consumption of the service they've purchased from the provider.

Hence, Inseparability means consumer cannot distinguish between the service provider from the service itself.

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All jobs advertised in the classified section of a newspaper must be legitimate.


True

False

Answers

All jobs advertised in the classified section of a newspaper must be legitimate. Hence, the given statement is true.

What are the legitimate advertisements?

One of the most reliable advertising forms is using owned (brand-managed) web channels. As a matter of fact, branded websites rank as the second most trustworthy format, with seventy percent of respondents from over the world.

Indicating that they absolutely or partially trust these sites. Furthermore, fifty six percent  of respondents say they have confidence in the emails they have subscribed to.

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Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets. However, firms face different operating conditions because, for example, the grocery store industry is different from the airline industry. Under these conditions, firms with high profit margins will tend to have high asset turnover ratios, and firms with low profit margins will tend to have low turnover ratios.

a. True

b. False

Answers

The answer is false!
i am just answering for points

A ucf grad has gross monthly income of $3,200 and net take home pay of $2,900 per month, which approximates his/her monthly living expenses. What is the minimum amount should have in his/her emergency fund?.

Answers

$8,700 is the minimum amount should have in his/her emergency fund.

Most professionals might benefit from having a basic comprehension of the financial notion of gross monthly income. Although you can anticipate seeing this amount on your pay stubs, you can also do the math on your own.

Knowing your gross income and how to calculate it, regardless of whether you're a salaried, hourly, or contract worker, can be beneficial to you both professionally and personally because it's necessary for things like figuring out your earnings and applying for a loan or credit.

A cash reserve especially set aside for unforeseen costs or financial emergencies is known as an emergency fund. Car repairs, home repairs, medical expenses, or lost wages are a few typical examples.

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Suppose that consumers purchase fish and computer chips. In 2010, one pound of fish costs $1, a computer chip costs $1, and the typical consumer buys 10 pounds of fish and 10 computer chips. In 2011, one pound of fish costs $2, a computer chip costs $0.50, and the typical consumer buys 5 pounds of fish and 20 computer chips. In 2012, one pound of fish costs $2.10, a computer chip costs $0.90, and the typical consumer buys 12 pounds of fish and 20 computer chips. Using 2011 as the base year, the inflation rate between 2012 and 2011 is _____ percent.

Answers

Answer:

42.5%

Explanation:

The computation of the inflation rate between 2012 and 2011 is shown below:

But before that we need to do the following calculations

Cost of basket for the year 2011 is

= 5 × 2 + 20 × 0.5

= 10 + 10

= 20

And the base year price index i.e. CPI is 100

Now

Cost of same basket in year 2012 is

= 5 × 2.10 + 20 × 0.90

= 10.5 + 18

= 28.5

Now  

CPI in 2012 is

= ($28.5 ÷ $20) × 100

= 142.5

So,

Inflation rate is

= (142.5 ÷ 100) - 1

= 1.425 - 1

= 0.425

= 42.5%

What is it called when businesses are doing poorly and stock prices drop?

Answers

Answer:

When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds

Explanation:

48.0% complete question kasey wants to give her daughter $25,000 in 8 years to start her own business. how much should she invest today at an annual interest rate of 8% compounded annually to have $25,000 in 8 years?

Answers

Kasey should invest $15,757.46 today at an annual interest rate of 8% compounded annually to have $25,000 in 8 years.

To calculate how much Kasey should invest today, we can use the formula for the future value of a lump sum investment:

FV = PV x (1 + r)n

Where:

PV = Present value (the amount to be invested)

r = Annual interest rate

n = Number of years

In this case, Kasey wants to have $25,000 in 8 years, and the annual interest rate is 8% compounded annually. So we can plug in these values and solve for PV:

$25,000 = PV x (1 + 0.08)^8

Simplifying the right side-

$25,000 = PV x 1.586874

Dividing both sides by 1.586874:

PV = $15,757.46

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why is the demand for resources called a derived demand

Answers

The demand for resources is called a derived demand because it is derived from the demand for the goods and services that these resources can produce. The demand for resources is dependent on the demand for the products that they can be used to create and the value that the consumers place on those products.What is a Derived Demand?Derived demand refers to the demand for one product as a result of the need to acquire another product. A derived demand is the demand for a good or service that results from another item's demand. The demand for a particular input such as land, labor, raw materials, or capital is a derived demand since it is derived from the demand for the output that the input produces.In other words, the demand for labor is derived from the demand for the goods and services that the labor can create. The more the demand for a particular good or service rises, the greater the derived demand for the resources required to produce that good or service will be. The derived demand concept is important in understanding how market changes in one sector of the economy may impact demand in another sector.

Hi-V produces three types of canned juice drinks, A, B, and C, using fresh strawberries, grapes, and apples. The daily supply is limited to 200 tons of strawberries, 90 tons of grapes, and 150 tons of apples. The cost per ton of strawberries, grapes, and apples is $210,$110, and $100, respectively. Each ton makes 1500lb of strawberry juice, 1200lb of grape juice, and 1000lb of apple juice. Drink A is a 1:1 mix of strawberry and apple juice. Drink B is 1:1:2 mix of strawberry, grape, and apple juice. Drink C is a 2:3 mix of grape and apple juice. All drinks are canned in 16 -oz ( 1lb) cans. The price per can is $1.15,$1.25, and $1.20 for drinks A, B, and C. Develop an LP model to determine the optimal production mix of the three drinks. (only the formulation is required)

Answers

The LP model aims to determine the optimal production mix of drinks A, B, and C using limited supplies of strawberries, grapes, and apples. The objective is to maximize profit while considering the cost of ingredients and the can price per drink.

Let:

x1 = number of cans of Drink A produced

x2 = number of cans of Drink B produced

x3 = number of cans of Drink C produced

The objective is to maximize the profit, which is given by the equation:

Maximize: 1.15x1 + 1.25x2 + 1.20x3

Subject to the following constraints:

Strawberry constraint: 1500lb * x1 + 1500lb * x2 <= 200 tons (converted to lb)

Grape constraint: 1200lb * x2 + 1200lb * x3 <= 90 tons (converted to lb)

Apple constraint: 1000lb * x1 + 1000lb * x2 + 1000lb * x3 <= 150 tons (converted to lb)

Non-negativity constraints:

x1 >= 0, x2 >= 0, x3 >= 0

The LP model aims to maximize the profit by determining the optimal values of x1, x2, and x3 while considering the constraints imposed by the availability of strawberries, grapes, and apples.

The objective function represents the total profit obtained from the production and sale of the drinks, and the constraints ensure that the ingredient usage does not exceed the available supply.

Non-negativity constraints ensure that the production quantities cannot be negative.

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Sunland Company has delivery equipment that cost $54,500 and has been depreciated $24,800. Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. ) (a) It was scrapped as having no value. (b) It was sold for $36,100. (c) It was sold for $19,200

Answers

The equipment was scrapped because it had no value.

(a) When the delivery equipment is scrapped as having no value, the following journal entry is recorded:

Equipment Disposal:

Debit: Accumulated Depreciation - Delivery Equipment ($24,800)

Debit: Loss on Disposal of Delivery Equipment (or Debit: Delivery Equipment if no accumulated depreciation account is used) ($29,700)

Credit: Delivery Equipment ($54,500)

In this entry, the accumulated depreciation is reversed, the loss on disposal is recognized, and the delivery equipment is removed from the books.

(b) When the delivery equipment is sold for $36,100, the following journal entry is recorded:

Equipment Disposal:

Debit: Accumulated Depreciation - Delivery Equipment ($24,800)

Debit: Loss on Disposal of Delivery Equipment (or Debit: Delivery Equipment if no accumulated depreciation account is used) ($6,600)

Credit: Delivery Equipment ($54,500)

Credit: Cash (or Credit: Accounts Receivable if the payment is not received in cash) ($36,100)

In this entry, the accumulated depreciation is reversed, the loss on disposal is recognized, the delivery equipment is removed from the books, and cash (or accounts receivable) is recorded for the proceeds from the sale.

(c) When the delivery equipment is sold for $19,200, the following journal entry is recorded:

Equipment Disposal:

Debit: Accumulated Depreciation - Delivery Equipment ($24,800)

Debit: Loss on Disposal of Delivery Equipment (or Debit: Delivery Equipment if no accumulated depreciation account is used) ($30,500)

Credit: Delivery Equipment ($54,500)

Credit: Cash (or Credit: Accounts Receivable if the payment is not received in cash) ($19,200)

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The problems of ineffective communications in business

Answers

Answer:

Misunderstandings: When communication is unclear or ambiguous, it can lead to misunderstandings between employees, managers, or clients. This can cause delays, mistakes, and ultimately, loss of productivity and revenue.

Poor teamwork: Effective communication is essential for effective teamwork. If team members are unable to communicate effectively with one another, they may fail to collaborate and coordinate their efforts, leading to poor performance and results.

Low morale: When communication is ineffective, it can create a negative work environment and lead to low employee morale. This can result in a lack of motivation, decreased productivity, and high turnover rates.

Customer complaints: Poor communication with customers can result in complaints and loss of business. Customers who feel that their concerns or questions are not being addressed may take their business elsewhere.

Increased costs: Ineffective communication can lead to additional costs for a business, such as rework or waste due to misunderstandings or mistakes. This can negatively impact the bottom line and reduce profitability.

Overall, ineffective communication can have significant impacts on a business's productivity, profitability, and reputation. It is essential for businesses to prioritize effective communication strategies to avoid these problems and ensure success.

Explanation:

Why would the difference between income computed under full costing and income computed under variable costing be relatively small if a company used a jit inventory management system?

Answers

First of all, we have to understand what is Full costing, Variable Costing, and JIT Inventory Management System.

Full Costing

Full costing also know as absorption costing. It allocate all cost to the specific product like fixed cost, variable cost etc.

Absorption costing consider all kind of cost whereas variable costing will only consider cost in variable in nature.

Variable Costing

Variable cost is a method were we only account for those cost that are varied over production output. It will not be a good tacker of profitability but it will help in decision making.

Inventory Management System

JIT stands for Just in Time Inventory. Where basic idea is to buy inventory whenever required, this system doesn't allow holding inventory.

Now coming to the question of why the difference is small when we are operating under JIT Inventory management System is as follows:-

1. Working capital - It is designed to be exceedingly low, so the investment in working capital is very less and will reduce inventory holding cost.

2. Obsolete inventory - Since inventory levels are so low, there is little risk of having much obsolete inventory which in turn will result in less loss.

3. Process time. A thoroughly implemented JIT system should shorten the amount of time required to manufacture products, which may decrease the quoted lead times given to customers placing orders. So the fixed cost will not be incurred on rent etc because of low/ less holding of inventory.

Because of the above factor difference is too small.

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Accroding to lapena what is the importance of the oral tradition?
to what extent do you agree with his opinions why?

Answers

Answer:

Oral tradition is a form of human communication that transmits knowledge, ideas, culture, thoughts, beliefs and other issues of social or ideological nature through verbal communication. Therefore, this was the main means of knowledge transmission in pre-literate societies, where older generations transmitted their knowledge to younger people, and also an important aspect in literate societies in parallel with written literature.

Therefore, since it is the first means of transmitting knowledge, and is still applied today in smaller social groups such as the family, oral tradition is a fundamental part in the construction of knowledge and people's identity.

Which of these factors is an advantage to using cash?

Which of these factors is an advantage to using cash?

Answers

Answer:

B no fees or charges

Explanation:

Your welcome

Answer:

B.no fees or changes this is the right one

Which of the following factors does not cause a block in the flow of money in the economy?
low levels of consumer confidence
stock market crash
low interest rates
employees not receiving a cost of living raise at work

Answers

The one factor that does not cause a block in the flow of money in the economy is low levels of consumer confidence. Hence, Option A is correct.

What does the flow of money mean?

Money flows show how credit and money move throughout the economy when income is converted into savings and investments, and then back again.

Real flows show how goods, services, and other goods and services are generated and used in the economy. Money flows from one party to the seller, while goods or services flow from the seller to another.

In all transactions, money moves between the various economic sectors as people and businesses purchase and sell commodities and services. Macroeconomists are motivated by money.

Therefore, Option A is correct.

Learn more about flow of money from here:

https://brainly.com/question/14560938

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