The statement is false because the projectized form of project management structure is characterized by having a dedicated project team that works exclusively on the project.
In fact, the projectized form of project management structure is considered to be the most effective form for projects that require a high level of technological expertise or innovation. On the other hand, the functional project team is usually physically separated from the parent organization and given the primary directive of accomplishing the objectives of the project. This means that the team members are experts in their respective functional areas but may not have a deep understanding of the technology or field related to the project.
The matrix form of project management structure is a good choice when resource usage needs to be optimized by having individuals work on multiple projects while still performing functional duties. This means that the team members have dual reporting relationships to both the project manager and their functional manager, and they may work on multiple projects simultaneously.
The functional organization is commonly used when, given the nature of the project, one functional area plays a dominant role in completing the project or has a dominant interest in the success of the project. This means that the team members are organized by functional area and report to a functional manager who is responsible for their performance and development. Overall, it is important to understand the different forms of project management structure and their characteristics in order to choose the most appropriate form for a given project. Statement 4 is false.
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Budgeting for needs
Select the items that are needs from your credit card statement
Last Month
Groceries $200
Movie rentals $15
Concert Tickets $120
Internet Services $60
Fitness Class $35
Go-Kart racing $50
I've tried so many combinations and none of them work. I assume groceries is 100% one of the options. Can't seem to find the others.
Answer:
groceries
Explanation:
Given the current status of the U.S. economy—a slow recovery from a severe, pandemic-induced economic downturn, relatively high unemployment, moderate inflation, and an enormous national debt level—what aggregate demand policy would you recommend as the single most important course of action needed to address the current status of the U.S. economy?
Why do you believe that your recommended course of action will be successful in improving the current performance level of the U.S. economy?
To address the current state of the U.S. economy, implementing expansionary fiscal policy through increased government spending and/or reduced taxes would be recommended. This can stimulate spending, boost aggregate demand, and improve economic performance.
Based on economic principles, during a slow recovery with high unemployment, a recommended aggregate demand policy would be an expansionary fiscal policy. This involves increasing government spending and/or reducing taxes to stimulate consumer and business spending, thus boosting aggregate demand.
Expanding government spending can create job opportunities, leading to increased employment levels. Reducing taxes puts more money in consumers' pockets, encouraging them to spend more, which can further stimulate economic activity. These measures aim to increase overall spending, leading to increased production, job creation, and economic growth.
The effectiveness of expansionary fiscal policy depends on various factors such as the magnitude of the stimulus, timing, and efficiency of spending. It also requires careful management to ensure fiscal sustainability and avoid excessive inflation or further accumulation of the national debt. Implementing such policies alongside measures to address structural issues and promote long-term economic growth can contribute to improving the overall performance of the U.S. economy.
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In the definition of the two good budget set, {(x1, x2) E Rp1x1 + p2x2 ≤m}; we argued that we could normalize the price of good 2 to be 1. (a) Express the budget set corresponding to p₁ = 7, P2= 3.5, and m = 10.5 in such a form. Draw this budget set. = (b) Repeat the above exercise for pi 8, P2= 2, and m = 12 and draw this budget set on the same axes. = 15, and (c) Repeat the above exercise for pi 10, P2 = 5, and m = draw this budget set also on the same axes.
(a) Budget set: (2/7)x₁ + x₂ ≤ 3. Draw a line starting from (0,3) with a slope of -(2/7).
(b) Budget set: (1/4)x₁ + x₂ ≤ 6. Draw a line starting from (0,6) with a slope of -(1/4).
(c) Budget set: (1/2)x₁ + x₂ ≤ 3. Draw a line starting from (0,3) with a slope of -(1/2).
(a) To communicate the spending plan set comparing to p₁ = 7, p₂ = 3.5, and m = 10.5 in the standardized structure, we partition the two sides of the spending plan limitation by p₂ (which is 3.5 for this situation) to get:
(x₁/3.5) + (x₂/1) ≤ 10.5/3.5
Working on the situation, we have: (2/7)x₁ + x₂ ≤ 3
This addresses the spending plan set in the standardized structure. To draw the spending plan set, we plot the x₁-x₂ plane. The spending plan set comprises of the relative multitude of attainable mixes of x₁ and x₂ that fulfill the given disparity.
It is a straight line with a capture of 3 on the x₂-hub and an incline of - (2/7) (negative on the grounds that the coefficient of x₁ is negative). The line begins from the point (0,3) and reaches out towards the negative x₁ bearing.
(b) For p₁ = 8, p₂ = 2, and m = 12, the standardized spending plan set is:(x₁/8) + (x₂/2) ≤ 12/2. Disentangling, we get: (1/4)x₁ + x₂ ≤ 6
The comparing spending plan set is one more straight line with a block of 6 on the x₂-hub and an incline of - (1/4). It begins from the point (0,6) and reaches out towards the negative x₁ heading.
(c) For p₁ = 10, p₂ = 5, and m = 15, the standardized financial plan set is:
(x₁/10) + (x₂/5) ≤ 15/5. Disentangling, we have: (1/2)x₁ + x₂ ≤ 3
The spending plan set is a straight line with a block of 3 on the x₂-hub and an incline of - (1/2). It begins from the point (0,3) and reaches out towards the negative x₁ heading.
To draw these spending plan sets on similar tomahawks, plot the x₁-x₂ plane and define every one of the three boundaries addressing the spending plan sets.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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This is so true don’t you think so ???
Answer:
yup
Explanation:
What do we call a business that focused on building products that meet consumers' needs?
Answer: Market oriented business
Explanation:
Market orientation refers to the business philosophy whereby companies identifies the needs of their customers and make products that meet such needs or wants.
A business that's using market orientation will research the current trends in the market and make products that meet them. Strong brands use market orientation approach to meet customers needs.
When Carson dies, he wants to provide income for his spouse that is not taxed at the time of his death. What can Carson create that is MOST likely to make this happen?
1.) a living will
2.) a power of attorney
3.) a trust
4.) a simple will
Carson should create a trust because it will allow him provide income for his spouse that is not taxed at the time of his death because it is held by a legal institution.
Usually, when an estate owner dies with or without will, a tax will be paid from their estate before any money is distributed to their heirs or beneficiary.
Thus, the living will and simple will does not offer the benefit of tax-free.
However, a trust will allow him to provide income for his spouse that is not taxed at the time of his death because it is held by a legal institution.
Therefore, the Option C is correct.
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Please help me with this credit card assignment! (Personal Finance) I need this done by tomorrow! Please help! I’d greatly appreciate it!
Credit Card #1
Truth in Lending Disclosure Statement
Annual Percentage Rate (APR)
1 percent for the first six months after you open the account.
After six months, APR will be 24 percent.
Grace Period
a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date
Annual Fee
$0
Other Fees
cash advance fee: the greater of $5 or 3 percent of the amount of the cash advance; late payment fee: $30; over-the-limit fee: $30
Credit Card #2
Truth in Lending Disclosure Statement
Annual Percentage Rate (APR)
19.9 percent
Grace Period
a minimum of twenty-five days to repay without a finance charge if previous balance is paid in full by the due date
Annual Fee
$20
Other Fees
cash advance fee: the greater of $3 or 3 percent of the amount of cash advance; late payment fee: $30; over-the-limit fee: $20; returned check fee: $20
Credit Card #3
Truth in Lending Disclosure Statement
Annual Percentage Rate (APR)
19.9 percent
Grace Period
a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date
Annual Fee
annual membership fee: $50
annual participation fee: $60 ($5 charged monthly)
Other Fees
cash advance fee: $20; balance transfer fee: $25; late payment fee: $20. over-the-limit fee: $20
(Part One)
Read each of the above Truth in Lending Disclosure Statements and answer the questions that follow.
What happens to the interest rate after six months for credit card #1?
Which credit cards have an annual fee?
Is the grace period the same for each of these credit cards?
What fees does credit card #3 have that the other cards do not?
As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you?
1. What happens to the interest rate after six months for credit card #1?
2. Which credit cards have an annual fee?
3. Is the grace period the same for each of these credit cards?
4. What fees does credit card #3 have that the other cards do not? 5.
As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you?
(Part Two)
Go online or visit a financial institution to find information about three credit cards. Some credit cards offer incentives, such as miles toward a free flight or 1 percent back on every dollar you spend. Research information about annual fees, APR, and incentives that credit cards offer. Write two paragraphs of 250 words total, one paragraph about the three credit cards you researched and one paragraph stating which credit card would be best for you and why.
Explanation:
Part One:
After six months, the APR for credit card #1 will be 24 percent.
Credit card #1 and credit card #2 do not have an annual fee. Credit card #3 has an annual membership fee of $50 and an annual participation fee of $60 ($5 charged monthly).
Yes, the grace period is a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date for all three credit cards.
Credit card #3 has a balance transfer fee of $25 that the other cards do not have.
As a good steward who pays their credit card bill on time and pays the balance each month, credit card #1 would be the best option as it has a 0 percent APR for the first six months, no annual fee, and the same grace period as the other cards.
Part Two:
After researching three credit cards, I found that Credit Card A has an annual fee of $95, an APR of 17.49 percent to 24.49 percent, and offers 2 miles per dollar spent on travel and dining. Credit Card B has no annual fee, an APR of 15.49 percent to 25.49 percent, and offers 1.5 percent cashback on every dollar spent. Credit Card C has an annual fee of $550, an APR of 16.99 percent to 23.99 percent, and offers a wide range of travel benefits, including access to airport lounges, a $200 annual airline credit, and 5 points per dollar spent on air travel and hotels.
Based on my research, I believe that Credit Card B would be the best option for me. While Credit Card A offers good rewards for travel and dining, the annual fee is quite high. Credit Card C also has a high annual fee, and while the travel benefits are appealing, I don't travel enough to make full use of them. Credit Card B, on the other hand, has no annual fee and offers a competitive cashback rate on every dollar spent, making it a good choice for everyday use. Additionally, the APR range is comparable to the other cards, and the grace period is the same as the other cards, giving me the flexibility to pay my balance in full each month without incurring finance charges.
when developing contingency plans, your textbook recommends developing a minimum of contingencies?
The textbook recommends developing at least three contingencies for any given situation.
What is contingency?
A contingency plan, as well known as Plan B informally, is a strategy developed to deal with a situation that is not anticipated in the regular (expected) plan. It is frequently used in risk management for just a rare risk that, while unlikely, could have disastrous results. Creating a contingency plan is frequently done by governments or businesses. The process of putting a contingency plan into action involves five steps: assembling a planning team, determining the extent of the issue, developing a plan, testing the plan, and maintaining the plan's accuracy. For instance, if a company's employees are all travelling on the same plane and it crashes, killing everyone on board, the company may be severely strained and even destroyed.
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A computer chip sold to Dell is an example of:
A. a final good.
B. an intermediate good.
C. a service.
D. an inferior good.
An illustration of an intermediate good is a computer chip that was sold to Dell.
What does the word "intermediary goods" mean?Those products that businesses utilize to produce goods or services were referred to as intermediate goods. As producer products, these items are also known. Thus, the production of final or consumer goods requires the utilization of intermediate goods.
What are intermediate products as opposed to final goods?Final goods are products that don't require any more processing. Consumer goods are another name for these goods, which are produced with the aim of being directly consumed by the end user. Intermediary goods are any products that companies use to create completed goods or services.
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Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.
Answer:
Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.
hi guys um so i need help with ur mom lol hahahaha
Proponents of "no taxation without representation" claimed that although trade regulation was a legal means for parliament to raise revenue, direct internal taxes such as the stamp act were an illegitimate extension of parliamentary power. True or false?.
Proponents of "no taxation without representation" claimed that although trade regulation was a legal means for parliament to raise revenue, direct internal taxes such as the stamp act were an illegitimate extension of parliamentary power. The given statement is false.
What did no taxation without representation mean?
A population that is compelled to pay taxes to a government authority without having any input on that government's policy is referred to as having taxation without representation. "Taxation without representation is tyranny," was the catchphrase used by American colonists to rebel against their British overlords.
Who first said no taxation without representation?
"Taxation without representation is tyranny," the phrase that became an anti-British catchphrase before the American Revolution, is generally attributed to James Otis around 1761 and reflects the resentment of American colonists at being taxed by a British Parliament to which they did not elect representatives.
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anyone in a company who influences the behavior of other employees is acting as a ___.
A. executive
B. supervisor
C. leader
D. manager
Answer:
C
Explanation
The strategies managers employ in the workplace often dictate employee ... other hand, leaders who lack managerial skills, are a detriment to employees
Anyone who directs the actions of other workers in a corporation is functioning in a leader capacity. Hence, Option C is correct.
What is a leader?A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
Optimistic leaders inspire. While taking the effort to advise and train staff whenever there are performance gaps, they take the time to recognise employees for a job well done.
Good leaders encourage their people to be their very best in both good and difficult situations, bringing out the best in each individual.
Therefore, Option C is correct.
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When the overall market is up by 10 investors with portfolios of defensive stocks will probably have:____.
When the overall market is up by 10 investors with portfolios of defensive stocks will probably have positive portfolio returns of less than 10%.
A defensive stock is an inventory that gives constant dividends and solid profits no matter the nation of the overall inventory market. nicely-mounted groups, which include Procter & Gamble, Johnson & Johnson, Philip Morris global, and Coca-Cola, are considered shielding stocks.
Defensive stocks are the ones that provide regular returns in the form of dividends no matter the fluctuations inside the stock marketplace. Due to the consistent requirement of these products, shielding shares have a tendency to remain strong throughout diverse levels of business cycles.
Now not most effective utilities are necessary, but maximum utility companies are monopolies inside the regions they serve. This makes utility businesses classic “protecting” stocks — that is, shares that do properly when the rest of the marketplace doesn't. take into account that software shares.
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Philosophers who have been studying entrepreneurs found that successful entrepreneurs all over the world have some characteristics in common. True or False
Answer:
TRUE
Explanation:
Answer:
True
Explanation:
It doesn't matter where they are; they are all doing the same thing and therefore have at least some similar characteristics to one another.
Which level of government are Planning workers most likely to work for?
A) state
B) federal
C) local
D) international
The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).
A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.
When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.
A variety of essential services for residents and companies in certain areas are handled by the local government.
Therefore, the correct option is "C".
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How did advances in physics and chemistry dramatically change manufacturing?
A) made large multinational companies possible
B) forced companies to share control of the production process
C) employed fewer workers
D) created research and development divisions
Answer:
D
Explanation:
it gave many opportunities for research as it says bc physics is a rabbit hole of knowledge as well as many jobs such as engineering need physics to make things not mess up
luz sells cupcakes. according to market economics, which is the BEST signal that a consumer value her product highly?
A)that they readily pay the full price per cupcake
B)the glowing yelp reviews they often write
C)the line out the door every Sunday morning
D)the many competing companies that imitate her business
The best signal that a consumer values Luz's cupcakes highly, according to market economics, is when they readily pay the full price per cupcake.
In market economics, the willingness of consumers to pay the full price per cupcake serves as a strong indicator of how much they value the product. When consumers willingly pay the established price, it suggests that they believe the cupcakes are worth the cost and that they derive satisfaction or utility from consuming them. This willingness to pay indicates that the consumers perceive the cupcakes to be of high value and are willing to allocate their resources accordingly.
While glowing Yelp reviews and a line out the door every Sunday morning can also be positive signals, they do not necessarily reflect the level of value that consumers place on the cupcakes. Yelp reviews can be subjective and vary in terms of individual preferences, and a line out the door may be influenced by factors other than value, such as hype, scarcity, or social influence.
On the other hand, the presence of many competing companies that imitate Luz's business may suggest that there is demand and market potential for her cupcakes. However, it does not directly indicate the level of value consumers attribute to her specific product.
Therefore, among the given options, the best signal that a consumer values Luz's cupcakes highly, according to market economics, is their willingness to readily pay the full price per cupcake.
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Meeting others through volunteer work is the most common way people expand their network. true false
Answer:
false
Explanation:
Answer:
F
Explanation:
Just took the quiz on Edge
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%. Gigi’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $650 $300 0.01167 $4.08 2 $354.08 $50 0.01167 3 $307.63 $50 0.01167 4 $260.64 $50 0.01167 5 $213.10 $50 0.01167 6 $165 $50 0.01167 What is the amount of interest charged for the first 6 months? $
Answer:
-16.34
Explanation:
Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.Answer:
$16.34
Explanation:
HAVE A GOOD DAY!!!!
emilio and dylan are studying the strengths and weaknesses of their construction business, construction concepts, as well as researching the opportunities and threats in the external environment. they are conducting a
By finding out the various strengths, weaknesses, threats and opportunities to their business, Emilio and Dylan are engaging in a SWOT Analysis of their construction business.
A SWOT analysis enables a company to find out:
Strengths - the parts of its company that set it apart and give it an advantage Weaknesses - areas that they can and should improve on to be more successful Opportunities - whatever developments in their industry that they can leverage on to become more successful Threats - things that they need to watch out for that could give them problems in the near futureThis is what Emilio and Dylan are doing and it is very important as it can allow a company to see the things it needs to do to be successful.
In conclusion, Emilio and Dylan are conducting a SWOT analysis to ensure that their business grows.
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how is raytheon pursuing greater revenues and profits?
Raytheon is pursuing greater revenues and profits because Raytheon is expanding into new markets in the United Arab Emirates and Saudi Arabia.
It should be noted that the main aim of an organization is to maximize profit and revenue. These are vital for the growth and development of the organization.
From the complete information, Raytheon is pursuing greater revenues and profits as the company is expanding into new markets in the United Arab Emirates and Saudi Arabia. Raytheon has set up companies in both countries that will help in addressing the defense requirements and building capacity.
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Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
a survey for human resrouce management asked employees to choose the aspect of their jobs that were very important to job satisfaction the top choice was
The survey for human resource management asking the employees to choose the aspect of their jobs that were very important to job satisfaction revealed that the top choice was the relationship between co-workers.
The relationship between colleagues is essential to job satisfaction as it can significantly affect the work environment and the employees' performance. Moreover, a good relationship between coworkers results in better communication, teamwork, and positive workplace culture, which eventually leads to a healthy work-life balance. In conclusion, the relationship between co-workers is the most crucial aspect of job satisfaction according to the human resource management survey. A good relationship with colleagues promotes better communication, teamwork, and a positive work environment, which in turn results in a healthy work-life balance. Therefore, companies should focus on building strong relationships between employees and creating a work environment that promotes healthy relationships.
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traditional individual retirement annuity distributions must start by
Traditional individual retirement annuity distributions must start by the age of 72, according to current IRS regulations.
A traditional individual retirement annuity, also known as a traditional IRA, is a retirement savings account that allows individuals to make pre-tax contributions and defer taxes on the investment earnings until they withdraw the funds in retirement. However, the IRS requires individuals to start taking distributions from their traditional IRAs by a certain age, known as the required minimum distribution (RMD) age, in order to ensure that the funds are being used for retirement income.
As of 2021, the RMD age for traditional IRAs is 72 years old. This means that individuals must start taking distributions from their traditional IRAs by April 1st of the year after they turn 72, and then continue taking distributions each year thereafter.
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------------The given question is incomplete, the complete question is:
"What is the requirement for the start of traditional individual retirement annuity distributions?"----------
Traditional individual retirement annuity distributions must start by the age of 72. These plans are now less common, being replaced by defined contribution plans like 401(k)s and 403(b)s, which exhibit portability and tax-deferred growth.
Explanation:Traditional individual retirement annuity, often known as a defined benefit plan, requires distributions to start by age 72. This type of retirement plan provides a fixed income, typically based on the employee's final salary and years of service. However, this type of plan is less common today, replaced by defined contribution plans like 401(k)s and 403(b)s. In these plans, both the employer and employee contribute regularly to a retirement account. The funds are then invested and can generate real rates of return. The major advantage of these plans is their portability, allowing individuals to carry them to new jobs, and their tax-deferred growth.
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Check My Wor
Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is
favorable (F) or unfavorable (U).
Budgeted Income Amount $150.00
Actual Amount $120.00
Answer: The Answer Is
Dollar Variance $ 30
Percent varience 20%
F Or U which its U
Explanation: Hoped This Helped Thx For The Points!!
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
management at microsoft is considering a new tablet product line that requires expertise that the current engineering group does not have. as a result, the engineering group sees management as a threat. such perceptions of management as the enemy can lead to
As a result, the engineering group sees management as a threat. Such perceptions of management as the enemy can lead to disruption in achieving goals.
The psychology of the company's executives affects disruption. Leadership will be rewarded if they can spot a chance for disruption and act quickly to counteract another disruptive company.
Enhanced agility. The tech firms that pioneered the disruption trend have a reputation for being adaptable, innovative, and agile. They are more future-ready because they have flat organizational structures and less hierarchy. Companies that adopt the disruption ethos will gain similar advantages.More potential for development You'll probably notice growth opportunities when you're keeping an eye out for disruption. These new sales channels, markets, or products may not be truly disruptive innovations, but they can still help you scale your business and increase revenue.Learn more about Business, here
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In general, what you spend each month on rent should equal what you earn in two weeks. (True/False)
Untrue Budget A plan that details how much cash you expect to bring in (your income) and how you intend to spend it (your expenses) over the course of a specific time period is known as a spending plan.
Your income and your expenses are the two components to take into account while creating a budget and planning. A budget is a set of objectives for how you want to spend, save, and invest the money you receive. It's a good idea to keep track of your earnings and outgoings for a month or two before creating a budget. Central banks, retail and commercial banks, internet banks, credit unions, savings and loan organizations, investment banks and corporations, brokerage firms, insurance companies, and mortgage companies are the main kinds of financial institutions.
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