An employee calls you to demand more RAM for her computer to complete her work tasks. However, you know that her department doesn't have a budget for new equipment. Your supervisor is the only one that has authority to allocate department funds. Which of the following is the BEST way to respond?
A. Tell the employee that her department doesn't currently have a budget for equipment upgrades, but that you will let your supervisor know about the request so it can be properly determined if new RAM can be acquired.
B. Tell the employee that the best option is for her to purchase new RAM for the computer and bring it to work.
C. Tell the employee that you will get new RAM for their computer as soon as possible.
D. Tell the employee that she should make do with what she has.

Answers

Answer 1

The most suitable option will be to inform the employee that the department is currently out of budget but the supervisor may help in this matter that is option A is correct.

When employees in an organization work, then due to the workload some systems may require higher facilities and they may not work properly under the current condition. In this condition the employee asks for more RAM in his computer system but being an official it is known that there is currently no budget for the installation of RAMs within the computer system. Also without the RAM the efficiency of the organization may be deteriorated. However, instead of directly ignoring the request of the employee we can tell him that currently the department does not have funds for the purpose but the supervisor may help in this situation so after getting a word with him the whole matter can be solved.

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Related Questions

suppose that before you began your college application process, you were offered a job to work as a floor-trainer at a local fitness center, accompanied by a yearly salary of $30,000 (after taxes). assume however that you decided to turn down this offer and instead attend a year of college. the total monetary cost of the year of college, including tuition, fees, and room and board expenses, is $42,000.

Answers

The value of a year of college is more than $70000

The person decided to turn down this offer and instead attend a year of college

This means that the person has forgone the salary from working as a floor trainer. This is the opportunity cost of attending the college

Opportunity cost = $27000

Cost of attending college = $43000

Total cost = $27000+ $43000= $70000

Despite a cost of $70000 the person decides to attend the college showing that he values the college More than the salary that he would have earned from working

So he values the college more than $70000

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Hedge funds are somewhat similar to mutual funds. The primary differences are that hedge funds are less highly regulated, have more flexibility regarding what they can buy, and restrict their investors to wealthy, sophisticated individuals and institutions.TrueFalse

Answers

"The primary differences are that hedge funds are less highly regulated, have more flexibility regarding what they can buy, and restrict their investors to wealthy, sophisticated individuals and institutions" is a true statement.

What are mutual funds?

A mutual fund is a pool of money that is professionally managed by a Fund Manager. It is a trust that collects money from a group of individuals with similar financial goals and invests it in stocks, bonds, money market instruments, and/or other assets.

Hedge funds use money pooled from qualified investors to seek outsized profits, generally by employing high-risk tactics such as investing with leverage, shorting stocks, or taking concentrated holdings. Hedge funds are comparable to mutual funds in certain ways.

The key distinctions are that hedge funds are less strictly regulated, have greater flexibility in terms of what they may acquire, and limit their investors to affluent, sophisticated individuals and organizations. Hence, above statement is true.

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Figure 2-4 shows various points on three different production possibilities frontiers for a nation.
Refer to Figure 2-4. Consider the following events:
a. a decrease in the unemployment rate
b. general technological advancement
c. an increase in consumer wealth
Which of the events listed above could cause a movement from V to W?

Answers

The event that could cause a movement from point V to point W on the production possibilities frontier is an increase in consumer wealth.

This would result in an increase in demand for goods and services, which would cause the production possibilities frontier to shift outwards from V to W, as more resources are now available to produce more goods and services.

This rise in production and employment can lead to an increase in national output and improved living standards. Additionally, this shift in the production possibilities frontier can be caused by an increase in technological advances, which can lead to an increase in productivity and, consequently, an increase in the number of goods and services that can be produced.

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In the short run when the marginal product of labor _____, the marginal cost of an additional unit of output _____.
a. falls; falls
b. rises; rises
c. falls; doesn't change
d. rises; falls

Answers

In the short run when the marginal product of labor  rises, the marginal cost of an additional unit of output falls.

What occurs to marginal product immediately?

When this happens, the rate of overall product growth starts to decline. The marginal product will eventually reach zero and then turn negative as it keeps on declining. This is when the overall product starts to fall.

What does short-term marginal product entail?

The short-term change in output caused by adding one additional machine to the production process or increasing the number of personnel used by one person. The amount of time needed for the long run varies depending on the industry.

when the marginal short-run product of labor exceeds the average labor product?

Each extra unit of labor is more productive than the average of the prior units if the marginal product of labor (MPL) is higher than the average product of labor (APL). Thus, by including the final unit, the average as a whole rises. APL is rising if MPL is greater than APL.

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Identify which of the following statements about Generally Accepted Accounting Principles are correct:
A corporation may choose to not follow a principle if doing so may produce information which is misleading
These principles are developed by the Financial Accounting Standards Board

Answers

Generally Accepted Accounting Principles are developed by the Financial Accounting Standards Board. The correct option is B.

When was GAAP first introduced?

1936 The Institute's publication Examinations of Financial Statements introduces the term "generally accepted accounting principles," or GAAP.

GAAP, or generally accepted accounting principles, are standards that cover the particulars, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) bases its comprehensive set of approved accounting methods and practices on GAAP.

Thus, the ideal selection is option B.

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if a country has a bowed out (concave to the origin) production possibility frontier, then production is said to be subject to

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If a country has a bowed out (concave to the origin) production possibility frontier, then production is said to be subject to increasing opportunity cost/diminishing returns.

The answer is b. increasing opportunity cost/diminishing returns. The production possibilities curve is concave to the origin to show the increasing opportunity cost when producing a given commodity using a given combination of inputs, such as labor and capital.

According to economists, an economy has a comparative advantage in producing a good or service if it has a lower opportunity cost than any other economy to do so. Since Plant 3 is the one for which the opportunity cost of extra snowboard manufacturing is lowest, it has a comparative advantage in the production of snowboards.

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Complete question is :-

if a country has a bowed out (concave to the origin) production possibility frontier, then production is said to be subject to

a. competition

b. increasing opportunity cost/diminishing returns

c. inefficiency and unemployment

d. scarcity

if the irs considers a tax shelter to be abusive, which of the following can happen? i tax deductions are disallowed ii interest is charged on the tax due iii penalties are charged on the tax due iv the irs can charge the tax shelter promoter and investors with fraud a i only b ii and iii only c i, ii, iii d i, ii, iii, iv

Answers

If the IRS considers a tax shelter to be abusive, it has the authority to take various enforcement actions, including disallowing tax deductions, charging interest and penalties, and charging the promoter and investors with fraud.

When the IRS considers a tax shelter to be abusive, the agency has the authority to disallow the tax deductions associated with the shelter. This means that the taxpayer would not be able to take advantage of any tax benefits from participating in the shelter.

In addition to disallowing tax deductions, the IRS may also charge interest and penalties on any taxes owed as a result of participating in the shelter. This is because the tax shelter may have been used to avoid paying taxes that would otherwise be owed.

Finally, the IRS may also charge the tax shelter promoter and investors with fraud if it determines that the shelter was established with the intent to defraud the government. This is a serious charge and can result in fines, penalties, and even imprisonment.

Hence, the correct answer is d.

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--The given question is incorrect; the correct question is

"If the IRS considers a tax shelter to be abusive, which of the following can happen?

i. tax deductions are disallowed

ii. interest is charged on the tax due

iii. penalties are charged on the tax due

iv. the IRS can charge the tax shelter promoter and investors with fraud

a. i only

b. ii and iii only

c. i, ii, iii

d. i, ii, iii, iv"--

Savings by _____ in small dollar amounts is the origin of much of the money that funds business loans in an economy. households.

Answers

A significant portion of the money used to finance business loans in the economy comes from small-scale savings made by households.

How many low-income households take out loans from the financial system?

You can see that 85% of the loans low-income households in cities receive come from shady sources. as opposed to the wealthy metropolitan homes. What do you find out? 90% of their loans originate from authorized sources; while 10% are obtained from unofficial sources.

Who provide the majority of the loans to businesses?

For retail operations, less capital is frequently required. Debt and equity are the two basic sources of funding. There might be a method to use government funds to finance particular business requirements. Additionally, businesses may receive incentives for locating in particular locations or for fostering activity in particular industries.

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Which of the following are pressures that make government more likely to produce undesirable economic outcomes?
The pressure to accrue benefits to firms in the politician's home state
The pressure to be elected and earn reelection

Answers

governmental influences that increase the likelihood of unfavorable economic results

the pressure to help businesses in the politician's state of residencethe stress of seeking and winning reelection

What role does the government play in how business is affected?

Governments can implement subsidies, which raise prices and enhance the attraction of domestic goods by taxing the public and giving the money to an industry, or tariffs, which impose additional taxes on imported goods. Increased taxes, levies, and restrictions may cripple businesses or entire industries.

What governmental factors impact business and industry?

Among the frequently occurring ones are political, economic, social, and technical ones (known as PEST analysis). Businesses also investigate legal, ethical, and demographic issues. Politics typically receives a lot of weight in business decisions. Government policies may affect businesses in a variety of ways.

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Once selected projects have been prioritized, it is time to assign resources to projects based on their order of priority. Resources could include all of the following EXCEPT:
group of answer choices O equipment subject O matter experts
O quality metrics O funds

Answers

Option (c), It's time to allocate resources to projects in accordance with their priority once the chosen projects have been selected and prioritized. All of the above, EXCEPT quality metrics, might be resources.

What factors contribute to initiatives receiving an excessive amount of resources?

The duration of the project, its start date, and the resource's level of competence the value of the resource and the significance of the undertaking. The cost of the resource and the amount of non-project work they are expected to do.

What is the purpose of resource management in projects?

Resource allocation involves selecting the best resources for a job or project and allocating them to it in order to meet organizational goals. The process of assigning people and their talents to tasks known as engagements is known as resource allocation in accounting.

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The Management in Action case highlights the partnership between chemical companies and tanners in order to improve leather manufacturing. This relationship is an example of effective management Multiple Choice O operations O administrative O behavioral O systems

Answers

The relationship is an example of Effective operations management in which the Management in Action case highlights the partnership between chemical companies and tanners in order to improve leather manufacturing.

An organization's entire operating system is in the control of operations management. Organizations need effective operations management to run their everyday operations. The design, operation, maintenance, and improvement of the system are all managed by operations management, which also oversees all other activities. Volume, Variation, Variability, and Visibility. They may be used to evaluate all different kinds of corporate operations and comprehend how and why they function, as well as their main competitive advantages, disadvantages, and various strategies. Operations management is a branch of management that focuses on planning, organising, and redesigning the production process for goods or services as well as corporate operations.  It comprises the obligation to make sure that business operations are successful in satisfying consumer needs while utilising the fewest resources possible.

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select all that apply given the following list of accounts, identify which are classified as assets. select all that apply. a. wages payable
b. land building c. owner's capital accounts d. receivable supplies e. owner's f. withdrawals cash

Answers

Based on the following options above, the following options that are classified as assets is:

b. land building

c. owner's capital accounts

d. receivable supplies

f. withdrawals cash

In economic and business, Assets generally can be defined as a things you own that you can sell for money. In accounting and economic, an asset also can be described as any resource that a business owns or controls. Asset is anything that could be sold for money. There are several example of asset, there are  Cash and cash equivalents, Accounts Receivable, and also Inventory, Prepaid Insurance, Property, Plant & Equipment, and also Land.

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Determine the price of a $1.6 million bond issue under each of the following independent assumptions: Maturity 16 years, interest paid annually, stated rate 10%, effective (market) rate 12%. Maturity 16 years, interest paid semiannually, stated rate 10%, effective (market) rate 12%. Maturity 16 years, interest paid semiannually, stated rate 12%, effective (market) rate 10%.

Answers

The price of the bond in the first instance is $1,376,832.44

The price of the bond under the second assumption is $1,374,655.31 The last independent assumption produced a bond price of $1,852,842.83

What is the price of a bond?

The price of a bond can determined as the present value of its future cash flows, the future coupon payments and the maturity value discounted at the yield to maturity of the bond.

Under the first assumption, the annual coupon is $160,000(10%*$1.6m), the number of annual coupons over bond tenure of 16 years is 16 whereas the discount rate is 12%, the effective market rate.

Using a financial calculator approach, the following inputs are required:

N=16PMT=160000I/Y=12(discount rate)FV=1600000(the face value is $1.6m)PV=$1,376,832.44

Based on the second assumption, the bond price is as shown thus:

N=32(semiannual periods in 16 years .i.e 16*2)PMT=80000(semiannual coupon=10%/2*$1.6m)I/Y=6(semiannual discount rate=12%/2=6%)FV=1600000(the face value is $1.6m)PV=$1,374,655.31

Regarding the last assumption of 12% stated rate and 10% effective market rate, the bond price is as computed thus:

N=32(semiannual periods in 16 years .i.e 16*2)PMT=96000(semiannual coupon=12%/2*$1.6m)I/Y=5(semiannual discount rate=10%/2=5%)FV=1600000(the face value is $1.6m)PV=$1,852,842.83

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In which of the following areas did the FASB and IASB already develop converged accounting standards? (Select all that apply.)
Earnings-per-share
Share-based compensation
Lease accounting
Financial instruments
Non-monetary exchanges

Answers

The following areas where the FASB and IASB already develop converged accounting standards are earnings-per-share, Share-based compensation, Lease accounting and Financial instruments. The correct option is a, b, c and d.

What is FASB?

FASB is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. The FASB replaced the American Institute of Certified Public Accountants (AICPA) Accounting Principles Board (APB) on July 1, 1973.

The FASB is run by the nonprofit Financial Accounting Foundation.

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The Statement of Cash Flows separates cash flows into all of the following activity sections except:
a. Distribution Activities
b. Investing Activities
c. Financing Activities
d. Operating Activities
e. None of the answers provided is correct

Answers

The answer is (E), "All of the responses are incorrect. The statement of cash flows separates cash flows into three activity sections: operating activities, investing activities, and financing activities."

Describe cash flow.

The net balance of money coming into and going out of a business at a particular period is referred to as cash flow. A firm constantly receives and expends cash. For instance, when a retailer buys merchandise, money leaves the company and goes to its suppliers.

What makes cash flow superior to profit?

Profits cannot be bought, but cash flow can.

A small business owner who is having trouble with cash flow may be able to get a loan by using the assets to which their money is tethered. You cannot obtain a loan.

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owen and other managers employed by pastry bakeries are most likely to find that unethical behavior in the workplace can be deterred by

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Owen and other managers employed by pastry bakeries are most likely to find that unethical behavior in the workplace can be deterred by taking immediate action in response to unethical conduct.

Companies can deter unethical behavior among their staff by performing regular audits as well as random spot checks.

When making ethical judgments, businesses should consider the financial consequences. Setting expectations and guidelines for ethical behavior is one of the most significant strategies for management to sustain an ethical workplace. Understanding the problem is the very first step in taking an ethical decision.

Business ethics encompasses the study of business circumstances, activities, and decisions that involve concerns of right as well as wrong.

Therefore, the correct answer is option (a)

The question is incomplete, the complete question is:

Owen and other managers employed by Pastry Bakeries are most likely to find that unethical behavior in the workplace can be deterred by

a. taking immediate action in response to unethical conduct.

b. imposing sanctions disproportionate to misconduct.

c. distributing rewards without regard to ethics.

d. ignoring small breaches of company rules

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You work as an assistant coach on the university basketball team and earn $27 per hour. One day, you decide to skip the hour-long practice and go to the county fair instead, which has an admission fee of $13.The total cost (valued in dollars) of skipping practice and going to the fair (including the opportunity cost of time) is___?

Answers

The total cost (in dollars) to skip the exercise and attend the fair (including the opportunity cost of time) is $22.

The required details for total cost in given paragraph

Total Cost (TC) is the minimum cost in dollars to produce a given quantity of products. the total economic cost of production and consists of variable costs, which vary with the amount of good produced and include inputs such as labor and raw materials, and fixed costs, which are independent of the amount of good produced and include inputs that cannot change in the short term, such as buildings and machinery, including sunk costs where applicable. Total cost in economics includes the total opportunity cost  of each input under its fixed or variable cost. The total additional cost of an additional unit of production is called marginal cost. Marginal cost can also be calculated by deriving total cost or variable cost. Each of these derivatives works because total cost includes variable cost and fixed cost, but fixed cost is constant, with the derivative equal to 0. The total cost of producing a given level of output is the cost of all factors of production.

The price of renting a capital unit is r. The total fixed cost is therefore Kr. Labor is a variable input, which means that the amount of labor used varies with the level of output. In the short run, the only way to diversify output is to change the volume of variable inputs.

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Which of the following is NOT something listening skills allow you to do according to the segment?Give amazing presentations

Answers

Giving amazing presentations is not something listening skills allow you to do. Listening skills allow you to understand the speaker, remember important points, and ask questions.

Which of the following is NOT something listening skills allow you to do according to the segment?

Listening skills allow you to understand and interpret what is being said, respond appropriately, and build relationships with others. However, listening skills do not allow you to read someone’s mind. Listening skills are about understanding what is being said and responding in a way that is respectful and appropriate. Listening does not allow you to guess or predict what the other person is thinking or feeling. Instead, it is about actively listening to another person and responding in a way that shows you understand and empathize with what they are saying. It is important to remember that listening is an active process. It is not enough to simply hear someone's words and move on. You must be engaged and actively listen to what is being said in order to understand the underlying message and respond in an appropriate manner.

Listening skills are an important part of communication and can help build relationships and create an environment of understanding and respect.

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imagine that the u.s. dollar has become either stronger or weaker since an earlier period. for each of the following, identify how a stronger or weaker dollar affects (i) u.s. producers that sell to foreign consumers (exporters), (ii) u.s. producers that compete with imports, and (iii) american consumers of foreign goods (imports).

Answers

A falling dollar reduces its purchasing power internationally, which is ultimately reflected in the level of consumers.

What is a US dollar?

USD (US Dollar) is the official currency of the United States of America. US Dollars or US Dollars. The S dollar is made up of 100 cents. It is represented by the symbol $ or US$ to distinguish it from other dollar-based currencies. It is widely used to conduct international trade and financial transactions, eliminating the cost of processing transactions in different currencies. Since World War II, the dollar has dominated as a reserve currency. The value of a coin is determined by total supply and demand.

Many factors affect supply and demand, including interest rates, inflation, capital flows, and the money supply. The most common currency valuation method is the exchange rate.

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A company that manufactures custom-made machinery routinely incurs sizable telephone costs in the process of taking sales orders from customers. Which of the following is a proper classification of this cost?
A. product cost
B. period cost
C. conversion cost
D. prime cost

Answers

A company that manufactures custom-made machinery routinely incurs sizable telephone costs in the process of taking sales orders from customers. B. period cost is a proper classification of this cost.

Costs that cannot be recognized on a company's balance sheet are referred to as period costs. In other words, they are expensed in the period in which they occur and are recorded on the income statement. Period costs are sometimes referred to as period expenses.

The product expenses for a retailer would comprise the supplies purchased from a supplier as well as any additional costs associated with bringing their items to market.

In summary, product expenses include any expenditures incurred during the acquisition or manufacturing of a product.

Product expenses are frequently handled as inventory and are known as "inventoriable costs" since they are used to value inventory. When products are sold, the product expenses are included in the cost of goods sold, which is reflected on the income statement.

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an investor from state a sued a state a company in state a court, asserting two claims: (i) a violation of federal securities laws, over which state and federal courts have concurrent subject-matter jurisdiction; and (ii) fraud under state a law. the company filed a notice of removal in the local federal district court. several months later, after seeking the advice of counsel, the investor decided to voluntarily dismiss his federal claim and moved to remand the case to state court.

Answers

The federal court would likely grant the motion to remand the case to state court due to the doctrine of concurrent jurisdiction and the voluntary dismissal of the federal claim.

Motion to Remand a Case to State Court After Voluntarily Dismissing a Federal Claim

The federal district court would likely grant the motion to remand the case to state court. Under the doctrine of concurrent jurisdiction, when a plaintiff initially files a case in state court based on state law claims, and then files a federal claim in the state court, the federal court has the discretion to remand the case to state court. Since the investor voluntarily dismissed the federal claim, it is likely that the federal court would grant the motion to remand the case to state court.

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Ben is very mad at his supervisor because of pay cuts. Ben plots to damage some equipment so his company will have to pay him overtime compensation to repair it. In which of these situations could Ben be found guilty? Choose 2 answer choices.
A. Ben has the sufficient mens rea and actus reus at the plotting stage to be convicted of the crime.
B. Ben has a change of heart and decides not to damage the equipment.
C. Ben carries out his plan, but there are no witnesses.
D. Ben walks over to the equipment holding a heavy sledgehammer he brought from home, but at the last minute, decides against hitting the equipment. Instead, he trips and falls, slamming the sledgehammer into a crucial part of the equipment, which ruins the machine.

Answers

A. Ben has the sufficient mens rea and actus reus at the plotting stage to be convicted of the crime.

D. Ben walked over to the equipment holding a heavy sledgehammer he brought from home, but ultimately decided against using it.

In regards to A, Ben has the necessary mental and physical elements to be convicted of a crime regarding A.

His mental intent to commit a crime, called mens rea, is established by his plotting to damage the equipment. Meanwhile, his physical element of the crime, actus reus, is present as he is planning to physically damage the equipment. Therefore, Ben has the sufficient elements to be held liable for the crime.

In regards to D, Ben had a sledgehammer that he brought from home and was intending to use it to damage the equipment. However, at the last minute, he changed his mind and instead tripped and fell, causing the sledgehammer to strike a crucial part of the equipment and ruining the machine.

Despite Ben's change of heart, he is still responsible for the damage he caused since he was in possession of the sledgehammer and in the vicinity of the equipment with the intention of damaging it.

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Which of the following is not an advantage to including the mayor and police chief in the decision-making process?

Answers

authority to make the decision is not an advantage to including the mayor and police chief in the decision-making process.

The reason Ava is satisficing is most likely which of the following?

She acted swiftly to order an evacuation as a remedy. According to the police chief, unionised emergency personnel had already been sent out, so it would not be beneficial to bring them back.

What is the formal decision-making process' third step?

You must search for numerous options for solving the current issue as part of this stage. When making business decisions, it is critical to consider multiple alternatives because various stakeholders may have different needs based on their function.

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WBS allows you to estimate Non-working times for each task?
True or false

Answers

WBS allows you to estimate Non-working times for each task. The above statement is true.

What is the Work breakdown structure?

In project management as well as systems engineering, a work breakdown structure is a deliverable-focused division of a project into more manageable parts. An essential project deliverable that divides the team's work into digestible chunks is a work breakdown structure.

A project management method called a work breakdown structure (WBS) uses a step-by-step process to finish big projects with many moving parts. A WBS can combine scope, cost, and deliverables into one tool by segmenting the task into smaller parts.

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is the study of how people deal with scarcity, fulfill needs and select among alternative goods services and actions

Answers

Economics is the study of how people deal with scarcity, meet needs and choose among goods services, and alternative courses of action.

There are several benefits of studying economics, including:

An understanding of how the economy works and how to make decisions about personal and national finances.Improved critical thinking and problem-solving skills.Better ability to analyze current economic issues and make predictions about future trends.Increased ability to understand the impact of economic policies on society and individuals.Increased knowledge of the global economy and ability to analyze cross-border trade and investment.

Economics is a social science that studies the production, distribution, exchange, and consumption of goods and services. It involves analyzing how individuals, businesses, and governments make decisions about how to allocate scarce resources to satisfy unlimited wants and needs. Economics also includes the study of macroeconomic factors such as inflation, unemployment, and economic growth. The ultimate goal of economics is to improve the standard of living of individuals and of society as a whole.

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Domestic producers of a good become better off, and domestic consumers of a good become worse off, when a country begins allowing international trade in that good and __ the country becomes an importer of the good as a result.the world price exceeds the domestic price of the good that prevailed before international trade was allowed.other countries have a comparative advantage, relative to the country in question, in producing the good.total surplus does not change as a result.

Answers

Domestic producers of a good become worse off, and domestic consumers of a good become better off, when a country begins allowing international trade in that good and the country becomes an importer of the good as a result.

What is international trade?

If you can enter a supermarket and find South African wine, Costa Rican bananas, and coffee from Brazil, you are experiencing the effects of global trade.

The buying and selling of goods and services between businesses in various nations is known as international trade. Machinery, food, raw materials, and consumer goods are all bought and sold on the global market.

Countries can access goods and services that would not otherwise be available domestically through international trade, expanding their markets in the process. International trade has increased market competition. In the end, this leads to more competitive pricing, which lowers the cost of the final product for the consumer.

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assume the government introduces a lump-sum tax on each firm within a perfectly competitive industry. which of the following will be true after the introduction of this tax?

Answers

After the introduction of the lump-sum tax, firms in the perfectly competitive industry will face an increase in their fixed costs, but the market price and market output will remain unchanged.

What is the definition of a lump-sum tax in the context of a perfectly competitive industry?

A lump-sum tax within the context of a wonderfully competitive enterprise is a tax that is imposed on each company within the marketplace irrespective of the firm's length or stage of production. The tax is a hard and fast amount in step with firm, instead of a percentage of the firm's revenue or income. A lump-sum tax isn't the same as a variable tax, which would growth with the level of production. In a superbly competitive market, companies are charge-takers and do now not have the capacity to bypass on the tax to purchasers through higher expenses. This kind of tax is meant to have an equal impact on all companies in the marketplace, regardless of their size or level of manufacturing.

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Billy Bob’s Manufacturing had the following data for the fiscal year ended December 31. Direct Materials Inventory, January 1 $ 31,200 Direct materials purchases 364,000 Direct materials used 358,800 Fixed factory overhead 499,200 Total factory overhead 582,400 Total manufacturing costs to account for 1,126,880 Work-in-Process Inventory, January 1 43,680 Work-in-Process Inventory, December 31 46,800 Finished Goods Inventory, January 1 36,000 Goods available for sale 1,116,080 Cost of goods sold 1,079,080 Required: Calculate the following costs: 1. Direct Materials Inventory on December 31. 2. Direct labor costs for the year. 3. Variable factory overhead costs for the year. 4. Cost of goods manufactured for the year. 5. Finished Goods Inventory on December 31.

Answers

Direct Materials Inventory on December 31 = Direct materials inventory, January 1 + Direct materials purchases - Direct materials used = $31,200 + $364,000 - $358,800 = $37,600

Direct labor costs for the year are not provided in the information given.

Variable factory overhead costs for the year = Total factory overhead - Fixed factory overhead = $582,400 - $499,200 = $83,200

Cost of goods manufactured for the year = Direct materials used + Direct labor costs + Variable factory overhead costs = $358,800 + (Direct labor costs) + $83,200 = (Direct labor costs) + $442,000

Finished Goods Inventory on December 31 = Goods available for sale - Cost of goods sold = $1,116,080 - $1,079,080 = $37,000

What is an inventory?

An inventory is a list or record of items, goods, or products that a business or organization has on hand. This can include raw materials, finished products, and supplies used in production or sale. Inventories are used to track the flow of materials and products, to ensure that adequate stock is on hand to meet demand, and to manage production and purchasing decisions.

In accounting, inventory is also refer as stock and it is a important factor to calculate cost of goods sold and business's assets.

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tom is caught shoplifting at the local walmart store in annapolis, md. he is being held by store security until a police officer arrives. the officer initially intended to issue a summons to tom and release him therefore. however, as required by departmental policy, the officer checked tom for any outstanding warrants prior to his release. sure enough, tom was wanted a felony arrest warrant for burglary in baltimore, md. tom is arrested on the warrant. the arresting officer then searched tom. tom was told to empty out all of his pockets, which included several personal items and his wallet. tom also had a backpack with him which the security officer had retained. the police officer opened the backpack and unzipped every compartment and removed every item. this included opening two small containers and an additional zippered pouch. the officer found cocaine in both small containers. the officer charged tom with illegal possession of narcotics.

Answers

A drug used to relieve moderate to severe pain. Although they are not manufactured from opium, narcotics are similar to opiates like morphine and codeine.

What are narcotic drugs used for?

Opioid painkillers are another name for drugs like heroin. They are only used for extreme pain that other forms of medicines are unable to relieve. Drugs can be useful for relieving pain when used properly and under the supervision of a healthcare professional.

Does the word "narcotic" also mean "addictive"?

A class of drugs known as narcotics has the potential to cause addiction. These drugs should only be used in accordance with a doctor's precise prescription due to their risk for addiction. Any additional usage is considered abuse and can result in addiction and other disorders that could be fatal.

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The concept of how people pay conscious attention to the way they are perceived and the steps they take to be perceived by others in a certain way.

Answers

The interpretation we had of anything will vary if we alter the framework in which we view it.

The right response is Schemas. A schema is a mental organization utilized for the interpretation and processing of information that is employed in the field of psychology. Because we utilize them as a framework for comprehending and interpreting our surroundings, the various schemes we possess determine how we interpret what we learn. The interpretation we had of anything will vary if we alter the framework in which we view it. Humans gather, arrange, categorize, and analyze information in order to replace or represent what they have learned and to fully comprehend the information or world as they imagine it. This process is known as perception. Human sensory systems or ideologies show that people perceive in different ways, yet it is incorrect to believe that everyone perceives things in the same way.

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