Goods and services are produced efficiently when production is organized in combinations and ways that minimize the cost per unit of output.
What are Goods and services?Items that are typically (but not always) tangible are referred to as goods. Examples include pens, real books, salt, apples, and hats. Services are things that other people do for you, such as online servers, waiters, barbers, lawn care providers, dentists, barbers, doctors, digital books, digital video games, and digital movies.All economic activity and commerce are supported by the creation, distribution, and consumption of products and services when taken as a whole. Although businesses also consume products and services in the process of generating other goods and services, economic theory assumes that consumption of goods and services results in utility (pleasure) for the consumer or end-user.To know more about goods and services with the given link
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When a manager enters the workplace periodically to monitor workers, the manager is conducting a _______.
When a manager enters the workplace periodically to monitor workers, the manager is conducting a spot check.
Why are spot checks performed?The performance of your staff might be enhanced using spot check evaluations. Utilizing Spot Check Evaluations, eases the stress of annual performance reviews.
PromotionsCompensation and BonusesCreating jobsMore effective communicationCareer SecurityOne item — the annual performance review — determines all of these significant choices in the career of a waiter or waitress. It makes sense that receiving notification of an evaluation would fill one with dread.
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A purchase order form pertains to the payroll department.
a. false
b. true
A purchase order form pertains to the payroll department.
Ans. False.
Payroll in a business is the total of all financial records for an employee's salary, wages, bonuses, and deductions. Payroll in accounting refers to the sums paid to employees for services rendered during a specific time period.
For many reasons, payroll is important to a business. Payroll is important from an accounting standpoint since it significantly affects most businesses; net profits and is subject to laws and regulations, along with payroll taxes.
Payment is a crucial department from the perspective of business ethics because employees react negatively to inconsistencies and errors in payroll; for there to be excellent employee morale, payroll must be paid on time and correctly. The payroll department's main responsibility is to make sure that all employees receive accurate and timely payments with the proper withholdings and deductions, and that the withholdings and deductions are submitted on time. This covers salary payments, tax deductions, and paycheck withholdings.
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So if the answer is $5,505,210. 50, you would input 5,505,210. what is forecast revenue in 2017?
Forecast revenue in 2017 is 13,642,021.
Why do we forecast revenue?
Revenue forecasting is an important part of any business plan, because it can help strategize how much and how quickly you intend on growing your company.
That said, it is also the most difficult to estimate. This is counter to things like costs and funding, which are far more under your own control.
What Is Forecasting?Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends.
Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time.
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https://brainly.com/question/23009258#SPJ4Sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. If sean charges $40, he would have 10 customers, but if he lowers the price to $37, he would have 11 customers. What is the marginal revenue of the 11th customer?.
The answer is $7 since Marginal revenue is the change in total income from 10 customers ($400) to 11 clients ($407).
How does a monopolist decide its profit-maximizing level of yield and how does it decide the cost that it charges?The monopolist will select the profit-maximizing level of yield where MR = MC and at that point charge the cost for that amount of yield as decided by the advertised demand curve.
If that cost is over normal taking a toll, the monopolist gains positive benefits.
How a monopolist maximizes profits?Because Sean, a sole commercial plane administrator in a little separated town, has no competition, he has total control of showcase cost of discussing travel in his little tone Reduced cost → increment in ticket sales, Monopoly maximizes benefit by choosing a sum of benefit in which minimal income rises to minimal fetched (MR=MC). Since Sean must decrease his cost to offer more units, he has a perfective competitive company incentive to offer a little amount than a perfective competitive company.
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The committee of sponsoring organizations (coso) of the treadway commission provided a framework for________.
The committee of sponsoring organizations (coso) of the Treadway commission provided a framework for categorizing internal control objectives into three groups: operational, informational, and compliance. Operational purposes include measuring performance and protecting organizational assets from fraud. They focus on the effectiveness and efficiency of business operations.
COSO is an acronym for Sponsoring Organizing Committee. The Commission, led by Executive Vice President and General Counsel James Treadway Jr., was established in 1992 by several private organizations including The five components of COSO - Control Environment, Risk Assessment, Information and Communication, Oversight Activities, and Existing Management Activities - are often referred to by the acronym C.R.I.M.E. exclusive.
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Explain the difference between currency and bank money. Which institutions in canada are responsible for producing these two types of money? explain fully.
Currency exists issued by the Central Government while money is assembled by a commercial bank. when it creates a loan Currency can be used to create payments and directly exchanged for goods and services while money exists only indirectly exchanged for goods and services.
What is the difference between currency and bank money?Currency exists as a physical medium of exchange The most standard forms of currency utilized in the U.S are paper money and coins Bank money also understood as demand deposits exists as a form of credit that banks can make through lending Both currency and bank money are formed by the government but these two kinds of money differ in how they're constructed and their objective.
Currency exists issued by the Central Government while money is assembled by a commercial bank. when it creates a loan Currency can be used to create payments and directly exchanged for goods and services while money exists only indirectly exchanged for goods and services. A borrower may utilize the money he has borrowed from a bank to buy goods or services from someone else.
The individual who ultimately buys these goods or services with the money will then deposit that sum in his bank account thereby constructing more money in the banking system.
The Bank of Canada creates further money through asset purchases of corporate and government bonds or securities.The Bank of Canada also makes new money by issuing notes and currency. The Bank of Canada can influence monetary conditions by adjusting the capital requirements banks require to hold as reserves.To learn more about bank money refer to:
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If an asset costs $140000 and is expected to have a $20000 salvage value at the end of its 10-year life, and generates annual net cash inflows of $20000 each year, the cash payback period is:_____.
If an asset costs $140000 and is expected to have a $20000 salvage value at the end of its 10-year life, and generates annual net cash inflows of $20000 each year, the cash payback period is 7 years.
To apply the coins payback technique, honestly divide the value of the capital improvement or funding with the aid of the brand new cash it's far expected to generate or store each year. This must give you a bring about years.
In simple terms, the payback length is calculated by using dividing the cost of the funding by way of the once-a-year coins going with the flow until the cumulative cash flow is effective, which is the payback year.
The payback period is expressed in years and fractions of years. for instance, if a corporation invests $300,000 in a new production line, and the manufacturing line then produces an advantageous cash drift of $ hundred,000 according to 12 months, then the payback length is three.zero years ($three hundred,000 preliminary investment ÷ $100,000 annual payback).
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An effective team would never have ______. a. multiple long term goals b. a series of coordinated deadlines c. unclear definitions of goals d. goals which mesh with the company culture please select the best answer from the choices provided a b c d
An effective team would never have Unclear definitions of goals.
Option C is correct answer.
Unclear definitions of goals :
Unclear goals are part of the communication problem that continues to plague many workplaces, and were also cited as the number one cause of stress for tech workers in an earlier Comparably study. Employees who don't know what's expected of them can't perform their best work.
What happens when goals are unclear?
A lack of direction and unclear goals are among the largest reasons why projects fail. While it may be impossible to predict every outcome, taking time early on to define and communicate objectives and goals can radically increase the chance your team successfully completes a project.
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Linda wants to apply for a job in a company of her choice. which information would her potential employers likely review in her social profile? a. comments about her past job and work performance b. hobbies that she enjoys on weekends c. details about her planned vacations d. friends and contacts from her friends list e. photographs uploaded by her
The correct answer is option (b) hobbies that she enjoys on weekends. All others are irrelevant for the social profile. A resume should only contain the necessary information and not anything irrelevant.
What is a resume? It is a prospective document that contains your personal information like your job experience, educational qualifications etc.. This document is sent to the employer or the firm to which you are applying. A resume must be tailor-made and edited as per the requirements of the employer. It should not be too lengthy and it should be free of any grammatical errors. A resume is sent to the employer before an actual interview as it helps them evaluate if you are an eligible candidate or not. It should be sent in along with a cover letter. Unnecessary language, family achievements, negative areas of life should not be included in the resume and all the information should be true and factual. .To learn more about resume visit: https://brainly.com/question/15406226?
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An investor buys a call at a price of $4. 50 with an exercise price of $40. at what stock price will the investor break even on the purchase of the call? (round your answer to 2 decimal places. )
Break-even price of call option = Exercise price + Premium Paid
So,
Break-even Stock Price = 40 + 4.50 = $44.50
A stock market, stock market, or stock market, is a collection of buyers and sellers of shares (also called stocks) that represent ownership of a company. This includes securities listed on public stock exchanges and stocks that trade only privately. B. Private company shares are sold to investors through equity crowdfunding platforms. Investments are typically made with an investment strategy in mind.
shares can be classified according to the country in which the company is located. For example, Nestlé and Novartis are based in Switzerland and traded on the SIX Swiss Exchange, so they can be considered part of the Swiss stock market. ) on the U.S. Stock Exchange.
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Economists who hold to neoclassical views are most aptly described as ________ .
The Economists who hold to neoclassical views are most aptly described as believers in laissez-faire. A specialist in economics examines the connection between a society's resources and its output or production. The Economists research a variety of social systems, including local communities, entire countries, and even the global economy.
A wide range economic policies, including interest rates, tax laws, employment programmes, the international trade agreements, and company strategy, are shaped in part by the professional judgement and research findings of economist. The Economists and the government can respond to the future course of the economy using the theories of economists.
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A flat organization is less likely to respond quickly to customer needs.
a. true
b. false
A flat organization is less likely to respond quickly to customer needs. This statement is FALSE.
A flat organization also referred to as a horizontal organization, has little to no middle management layers between staff and executives.
The distribution of units and roles inside an organization, as well as the nature of the connections between those units and positions, are referred to as the organization's structure.
Organizations can be classified as tall or flat depending on how many levels of management are present and how much power managers have.
The flat organizational structure encourages employee participation through decentralized decision-making.
Comments and feedback are sent to all staff involved in decisions more promptly by increasing the level of responsibility of baseline employees and removing layers of middle management.
As a result of consumer feedback, a quicker response is anticipated.
Hence, the given statement is FALSE.
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_____ is a strategy in which a company starts with a high price to capture uniqueness and competitive advantage, and then drops the price as competitors enter the market in order to stay ahead of competition.
Price skimming is a strategy in which a company starts with a high price to capture uniqueness and competitive advantage, and then drops the price as competitors enter the market in order to stay ahead of competition.
Strategy is an action that managers take to attain one or more of the organization's goals. Strategy can also be defined as a combination of various components to achieve a desired state in the future.
The five elements of the strategy include Arenas, Differentiators, Vehicles, Staging, and Economic Logic.
Strategy helps us define our business and our feature goal which gives it a set of values, and gives it purpose. It helps us to understand what success actually looks like.
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The change in inventories, a component of aggregate supply, comprises roughly __________ of gdp
The change in inventories, a component of the aggregate supply, comprises roughly 0.5% of GDP. The total amount of merchandise that businesses will produce and sell is known as aggregate supply, or real GDP. The positive association between price level and real GDP in the short run is demonstrated by the upward-sloping.
The aggregate supply curve, also known as the short run aggregate supply curve. The total amount of products and services produced in a given economy is shown as the aggregate supply. If the factor prices dropped, for instance, aggregate supply would increase as a result of the determinant.
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The contact between the breccia and the underlying granite is an example of a(n):____.
a. nonconformity.
b. angular unconformity.
c. disconformity.
d. intrusive contact.
e. fault (tectonic) contact
Correct option is (b): angular unconformity
The contact between the breccia and the underlying granite is an example of angular unconformity
Breccia is a type of sedimentary rock which is composed of large angular broken fragments of minerals or rocks cemented together by a fine-grained matrix.
In the Italian language ,Breccia word means "rubble". A breccia may have a variety of different origins, as indicated by the named types including sedimentary breccia, igneous breccia, impact breccia, tectonic breccia and hydrothermal breccia.
Granite is a coarse-grained intrusive igneous rock which is composed of quartz, alkali feldspar, and plagioclase. It forms from magma with a high content of silica and alkali metal oxides that slowly cools and solidifies underground
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One of the most important parts of a broker’s job is keeping track of trust funds received and disbursed. this requires accurate __________ be maintained at all times.
One of the most important parts of a broker’s job is keeping track of trust funds received and disbursed. this requires accurate journals to be maintained at all times.
What are journals?Journals are scholarly literature that is not designed for the ordinary audience but for technical purposes and technical professionals. By keeping a journal a person keeps all the details handy.
Thus, keeping track of the receipt and distribution of trust funds is one of the most crucial aspects of a broker's job. For this, complete journals must be kept at all times.
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Eduardo needs to find information about income and age distribution in dallas county, texas. The best source of secondary research of use to eduardo is likely to be?
Eduardo needs to find information about income and age distribution in Dallas county, Texas. The best source of secondary research of use to Eduardo is likely to be the US census data.
What is the US census data?This is the data that is known to be made from the census that is taken in the country to determine the people of the nation that are in the country at that period of time. The census data is known to contain a lot of variables that help to determine the economic well being of that area.
This is secondary source of data. This is due to the fact that the data is already known to be existent in a place. It was not gotten directly by Eduardo in the field.
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How does a maryland broker’s license renewal differ from a salesperson’s license renewal?
Maryland broker’s license renewal differs from a salesperson’s license renewal because Instead of having 4.5 hours of electives, brokers must take three hours of broker supervision coursework and only 1.5 hours of electives
A salesperson is a person whose activity is to promote services or products. another term for a shop clerk is income rep (or income representative). a person whose process is to sell a product or service in a given territory, in a shop, or by means of a smartphone.
All salespeople can be grouped into one of three categories:
The Commodity Salesperson.The Price Salesperson.The Solution Value Salesperson.The definition of a salesperson is someone who sells goods or services. An instance of a salesperson is a person who sells vehicles. a salesperson or saleswoman. a person who's hired to promote products or services.
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Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of which assessment method?
Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of a situational interview.
We regret to inform you that (organization) is not considering your application for this position. Your qualifications are excellent, but the selection process is very competitive and we have decided to hire candidates whose qualifications better suit our needs at this time.
Because structured interviews are more efficient than semi-structured and structured interviews in predicting job performance. Meta-analysis studies show that structured interviews are up to twice as effective at predicting job performance as situational interviews.
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If Mick writes a check on his San Francisco bank to Greg who deposits it in his Cleveland bank, how does the Cleveland bank collect the money represented by the check drawn against the San Francisco bank
The above statement justifies the deposited money will enter the common forum "Federal Reserve System"
Checks, drafts, and other equity devices are processed through a national check clearing system run by the Federal Reserve System.
When checks drawn on other institutions are deposited in a depository institution, the institution may transmit the checks to a Federal Reserve Bank for collection.
For checks collected through the Federal Reserve Banks, the value of the checks deposited for collection is credited to the collecting institutions' accounts, and the value of the checks submitted for payment is deducted from the accounts of the paying banks.
The majority of checks are obtained and paid within one business day.
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When comparing the demand curve for a perfectly competitive firm to the demand curve of a monopolist, the monopolist's demand curve would be more ______.
When comparing the demand curve for a perfectly competitive firm to the demand curve of a monopolist, the monopolist's demand curve would be more inelastic.
A monopolist refers to a man or woman, group, or corporation that dominates and controls the marketplace for a selected right or carrier. With this lack of competition manner, the monopolist wields enough power within the market to fee high expenses.
The government provides public services like the railways. consequently, they may be a monopolist due to the fact new companions or privately held groups aren't allowed to run railways.
If anyone is attempting to have complete control of something, particularly a place of commercial enterprise in order that others don't have any proportion is referred to as monopolist behavior.
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When the quantity supplied of a good exceeds the quantity demanded, there is a(n):_________.
When the quantity supplied of a good exceeds the quantity demanded, there is a surplus.
A surplus exists if the quantity supplied of a good or service exceeds the quantity demanded at the current price. Thus, this causes a downward pressure on price. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.
When there is a surplus in the economy, suppliers push prices down to increase sales. In the process, the fall in prices reduces the quantity supplied and increases the quantity demanded, thus eventually eliminating the surplus.
Hence, a surplus is when the quantity supplied of a good exceeds the quantity demanded.
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What happens to inflation and unemployment in the long-run phillips curve if the fed increases the growth rate of the money supply?
Inflation increases and unemployment decreases in the long-run Phillips curve if the fed increases the growth rate of the money supply.
The economic relationship between the rate of unemployment (or the rate of change in unemployment) and the rate of change in money earnings is depicted graphically by the Phillips curve. It reflects the belief of economist A. William Phillips that wages tend to increase more quickly when unemployment is low.
One important consideration in the Federal Reserve's determination of interest rates is the Phillips Curve. The Fed's mandate is to strive for maximum sustainable employment, or roughly the NAIRU level of employment, and stable prices, which it defines as inflation of no more than 2 percent. Historically, there has been an inverse correlation between inflation and unemployment. This implies that unemployment decreases as inflation increases. Conversely, higher unemployment results in reduced inflation. When more individuals are employed, they have more disposable income, which raises demand.
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What are the characteristics of the talent management approach to strategic hrm?
Some employees are singled out as "stars", some employees are expected to generate huge financial returns, also the company grooms specific employees to fill valuable positions.
HRM: What is it?Recruiting, hiring, deploying, and managing personnel are all parts of human resource management (HRM), a practise. Human resources is a common abbreviation for HRM (HR). The HR department of a business or organization is often in charge of formulating, implementing, and monitoring the organization's policies pertaining to employees and the interaction between the business and its workforce.
When referring to all of the employees of a company, the word "human resources" was originally used in the early 1900s. It then gained wider popularity in the 1960s.
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What is a common element of most budget documents in which the chief executive highlights the major issues, constraints, priorities, initiatives, and recommendations?
The budget message approach is a formal oral presentation through the government to the council that explains the price range in phrases of dreams to be executed and how the budget pertains to the Comprehensive Plan.
The budget summary includes budgeted quantities, encumbrances, transaction totals, and finances balances and is the net equal to the printed BSR. The budget summary file now additionally includes Open Balances.
A budget proposal summarizes the predicted prices for an upcoming undertaking a good way to ease investment from project stakeholders. Your budget thought breaks down the cost factors associated with your undertaking. This suggests to stakeholders the blessings and/or drawbacks of having worried.
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When deciding whether to hire an additional worker, firms look at how the additional worker would affect?
Answer:
well discipline
Explanation:
well disciplined servant respect those who were there before he or she came
What is the principal reason why point-of-sale credit card fraud has declined rapidly?
Credit cards now have embedded chips in them. This is the principal reason why point-of-sale credit card fraud has declined rapidly.
What is Credit Card?A credit card is a small, rectangular piece of plastic or metal that is given out by a bank or other financial institution and enables its holder to borrow money to pay for products and services at businesses that accept credit cards.Credit cards impose the requirement that cardholders repay the borrowed funds, together with any applicable interest and any other agreed-upon charges, in full by the billing date or over time.The credit card issuer may additionally provide cardholders with a separate cash line of credit (LOC) in addition to the usual credit limit, allowing them to borrow money in the form of cash advances that can be accessed through bank teller machines, ATMs, or credit card convenience checks.To know more about point-of-sale with the given link
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The first three steps of the strategic management process involve ________ strategies
The first three steps of the strategic management process involve planning, execution and monitoring of strategies.
Successful strategic management involves three steps namely planning, execution and monitoring of the developments & progress.
With the help of strategic management, actions speak more louder than the words. Effective strategic planning that yields the appropriate decisions which can come up even short on delivering performance improvements.
Strategic Management is a more powerful means of optimizing the long-term performance of an organization. The last key to success is repetition of the process of strategic management again and again.
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Larry is tasked with implementing a VoIP system in the office. He presents his research to his boss, who wants to use the current hard phones to save money. What BEST explains why this is not possible
Larry is tasked with implementing a VoIP system in the office. He presents his research to his boss, who wants to use the current hard phones to save money. The older phones do not have conference capabilities. But VoIP hard lines do.
This is further explained below.
What is VoIP?Generally, Your voice is converted into a digital signal through the technology known as Voice over Internet Protocol (VoIP), which enables you to make calls straight from a computer, a VoIP phone, or other data-driven devices. To put it another way, it's a phone service that's provided through the internet.
In conclusion, Larry has been given the responsibility of installing a VoIP system in the workplace. He delivers his findings to his supervisor, who is in favor of continuing to utilize the existing hard phones in order to save costs. The older phones do not have the capability to participate in conferences. But VoIP hard lines do.
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Due to the ________, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm
Due to the first rule of labor markets, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm. Therefore, the option A holds true.
What is the significance of profit maximization?A process of following and adapting such methods that derive maximum revenue to the firm is known as profit maximization. It should be the primary goal of any firm in the market.
The first rule of labor markets says that when a firm strives for profit maximization, it does not pay the worker or the labor, more than the marginal productivity that the worker bring to the firm.
Therefore, the option A holds true regarding profit maximization.
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The question seems to be missing. The complete question has been added for better reference.
Due to the ________ a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm.
a. first rule of labor markets
b. demand product value
c. third rule of labor markets
