Integrated steelmakers are very large facilities, often with economies of scale; these steelmakers typically focus on more traditional, standardized steel products with a greater degree of quality control.
Minimill steelmakers are more technologically advanced and more efficient than integrated steelmakers, using more scrap metal and emitting less pollution. Minimills have lower production costs and are more flexible, allowing for the production of more specialized steel products. Minimill steelmakers can focus on niche markets and can provide better customer service as they tend to be smaller.
Nucor: Nucor's core competencies include the ability to innovate and adopt new technologies. They are vertically integrated and control their supply chain, which allows for more efficient production and cost savings. They have a strong culture that emphasizes safety, employee relations, and continuous improvement.
Nucor is able to produce high-quality steel products at a lower cost than many of their competitors due to their advanced technology and processes. They have a decentralized management structure that allows for faster decision-making and more flexibility. Nucor is also committed to sustainability and has made investments in renewable energy and reducing their carbon footprint.
Know more about the decentralized management
https://brainly.com/question/23818047
#SPJ11
A partnership does not pay income tax, however each partner pays tax on his/her income.
That statement is not entirely accurate. In a general partnership, the partnership itself does not pay income tax.
Instead, the partnership's income, losses, deductions, and credits "pass through" to the individual partners.
Each partner then includes their share of the partnership's income or loss on their personal tax return and pays taxes on that amount at their individual tax rate. This is known as "pass-through taxation."
So, while it is true that a partnership itself does not pay income tax, the individual partners are still responsible for paying taxes on their share of the partnership's income. Each partner's tax liability is determined based on their individual tax situation and the income they receive from the partnership.
To learn more about partnership here
brainly.com/question/12983082
#SPJ11
The estimated times and immediate predecessors for the activities in a project at Howard Umrah's retinal scanning company are given in the following table. Assume that the activity times are independe Time (weeks) Time (weeks) Immediate Immediate Predecessor(s) m m b Predecessor(s) Activity A Activity a с 7 10 11 9 9 11 B 4 10 18 D 6 10 12 B This exercise contains only parts a, b, c, d, and e. a) Based on the activity time estimates, the expected times and variance for each of the activities are (round your response to two decimal places) Activity Expected Time Variance a b
Let's calculate the expected times and variances for each activity based on the given information:
Activity A:
Expected Time = (7 + 4 × 10 + 11) / 6 = 9.33 weeks
Variance = [(11 - 7) / 6]² = 0.44 weeks²
Activity B:
Expected Time = (4 + 10 + 18) / 6 = 7.00 weeks
Variance = [(18 - 4) / 6]² = 2.67 weeks²
Activity C:
Expected Time = (9 + 9 + 11) / 6 = 9.83 weeks
Variance = [(11 - 9) / 6]² = 0.11 weeks²
Activity D:
Expected Time = (6 + 10 + 12) / 6 = 9.67 weeks
Variance = [(12 - 6) / 6]² = 0.67 weeks²
Therefore, the expected times and variances for each activity are as follows:
Activity A:
Expected Time = 9.33 weeks
Variance = 0.44 weeks²
Activity B:
Expected Time = 7.00 weeks
Variance = 2.67 weeks²
Activity C:
Expected Time = 9.83 weeks
Variance = 0.11 weeks²
Activity D:
Expected Time = 9.67 weeks
Variance = 0.67 weeks²
To know more about times and variances click this link -
brainly.com/question/32381288
#SPJ11
What are the useful method / ways / Tips to reduce and Manage Risk? How can you associate these method with or control reputation risk
Effective methods for reducing and managing risk include conducting thorough risk assessments, implementing risk mitigation strategies, diversifying investments, maintaining adequate insurance coverage, and establishing strong internal controls. These measures can help control reputation risk by ensuring proactive management of potential threats and minimizing the impact of negative events.
To reduce and manage risk effectively, organizations should start by conducting comprehensive risk assessments to identify potential risks and their potential impact. This involves analyzing internal and external factors that may pose a threat to the organization's objectives or reputation. Once risks are identified, organizations can implement risk mitigation strategies tailored to each specific risk. These strategies may involve developing contingency plans, implementing security measures, or establishing alternative processes to minimize potential harm.
Diversifying investments is another method to reduce risk. By spreading investments across different asset classes, sectors, or geographic regions, organizations can minimize the impact of a single investment loss. This approach helps protect against financial volatility and reduces the reliance on a single investment for the organization's success. Maintaining adequate insurance coverage is crucial to managing risk effectively. Organizations should assess their insurance needs and ensure they have appropriate coverage for potential risks. This may include general liability insurance, professional liability insurance, property insurance, or other specialized coverages based on the nature of the organization's activities.
Establishing strong internal controls is essential for mitigating risk and maintaining a good reputation. Organizations should implement robust systems and processes to prevent fraud, ensure compliance with regulations, and protect sensitive data. By having clear policies, procedures, and oversight mechanisms in place, organizations can minimize the likelihood of reputational damage caused by internal errors or misconduct.
In summary, effective risk reduction and management involve conducting thorough risk assessments, implementing risk mitigation strategies, diversifying investments, maintaining adequate insurance coverage, and establishing strong internal controls. These measures collectively help control reputation risk by proactively managing potential threats, minimizing the impact of negative events, and ensuring the organization's overall resilience.
Learn more about insurance here: https://brainly.com/question/31645332
#SPJ11
In A Large Public Company, Who Is Responsible For Hiring The Chief Executive Officer? A. Human Resource Manager B. The Previous Chief Executive Officer C. Board Of Directors D. Shareholders
In a large public company, who is responsible for hiring the Chief Executive Officer?
a.
human resource manager
b.
the previous chief executive officer
c.
board of directors
d.
shareholders
The responsibility for hiring the Chief Executive Officer in a large public company is borne by the Board of Directors.
In a public company, the Board of Directors is responsible for making strategic decisions and overseeing the company's overall management. They hire senior executives, including the Chief Executive Officer (CEO), and hold them accountable for the company's performance and achievements. They also establish the company's corporate culture, priorities, and direction, as well as approve significant financial transactions, such as mergers and acquisitions. Thus, we can say that the correct answer is c. Board of Directors.
The board establishes the company's objectives and advises the CEO while the CEO oversees the executive staff and works to advance the organization. The board should also probe a company's operations in-depth with probing inquiries.
To Know more about Chief Executive
https://brainly.com/question/13824316
#SPJ11
Daisy is a newly hired staff member in the Production Department of a medium-sized company. As the first woman selected for this production training position, Daisy takes her work very seriously. In the first two months, she performed her duties very well. However, lately, her boss, Mr. Johnny, has noticed a change in Daisy. She seems to be more tense and uneasy. At times, she even does not concentrate on her work as conscientiously as she previously did.
Daisy is actually in a dilemma with the problem she is facing at work. She has been continually harassed by Eddie, a co-worker. At first, she tries to ignore his jokes and sexual banter. However, his persistence has caused Daisy to have very uncomfortable feelings about such treatment. Daisy looks into the employee’s handbook concerning harassment policies and finds none. She really does not know what to do.
Finally, after noticing Daisy was continually declining work, Mr. Johnny asked her what was bothering her. She tells him the problem and shows him information concerning the laws dealing with harassment in the workplace. She also says that she is considering taking action against Eddie if his actions continue. Mr. Johnny feels bad as he is totally unaware of the problem, but agrees that something should be done.
Required:
a. In relation to the above case, outline the appropriate type of justice to be given to Eddie, the harasser. (4 marks)
b. With reference to the last sentence as per the above case, explain Mr. Johnny’s action based on the fundamental interests of stakeholders: Well-offness, Fairness and Right. (6 marks)
c. Briefly explain two (2) ways on how a firm can ensure that it does not engage in sexual harassment at the workplace. (2 marks)
a. In relation to the above case, the appropriate type of justice to be given to Eddie, the harasser, would be ive or remedial justice.
Corrective justice focuses on rectifying the harm caused and restoring fairness by taking appropriate actions against the wrongdoer. In this case, Eddie's actions of harassment have caused distress to Daisy, and ive justice would involve addressing the issue, stopping the harassment, and providing appropriate consequences to Eddie to prevent further harm.
b. Mr. Johnny's action can be explained based on the fundamental interests of stakeholders:- Well-offness: Mr. Johnny recognizes that the well-being of Daisy, as an employee, is essential for the overall well-offness of the organization. By taking Daisy's complaint seriously and considering appropriate action against Eddie, Mr. Johnny aims to maintain a positive and supportive work environment for all employees, which contributes to their well-offness.
- Fairness: Mr. Johnny's action aligns with the principle of fairness. He acknowledges that harassment in the workplace is unfair and against the values of the company. By supporting Daisy's complaint and taking steps to address the issue, he ensures that fairness is upheld, and all employees are treated with respect and dignity.- Right: Mr. Johnny's action is driven by the recognition of employees' rights. He acknowledges Daisy's right to a harassment-free workplace, as well as her right to seek action against the harasser. By addressing the problem, he upholds the rights of employees to a safe and inclusive work environment.
c. Two ways a firm can ensure it does not engage in ual harassment at the workplace:
1. Implement and enforce a comprehensive anti-harassment policy: The firm should establish a clear policy that explicitly states zero tolerance for any form of harassment, including ual harassment. The policy should define what constitutes harassment, provide reporting mechanisms, outline the investigation process, and specify disciplinary actions for offenders. Regular training sessions can also be conducted to educate employees about their rights and responsibilities.
2. Foster a culture of respect and inclusivity: The firm should promote a culture that values respect, diversity , and inclusivity. This can be achieved by promoting awareness and understanding of different perspectives, providing sensitivity training, and encouraging open communication. Leadership should lead by example and enforce a respectful work environment. Regular feedback mechanisms and anonymous reporting channels can be established to encourage employees to report any concerns without fear of retaliation.
By combining a robust policy framework with a culture of respect, firms can create an environment that prevents and addresses ual harassment effectively.
Learn more about diversity here:
https://brainly.com/question/9279105
#SPJ11
ECONOMICS-17 The following schedule of funds is available to form a sinking fund. t= 0 yr $5000
t= 1 yr $4000
t= 2 yr $3000
t= 3 yr. $2000 At the end of the fourth year, equipment costing $25,000 will have to be purchased as a replacement for old equipment. Money is valued at 20% by the company. At the time of purchase, how much money will be needed? (A) $820 (B) $1000 (C) $2000 (D) $8200
The correct option is (D) $8200.
Given that t= 0 yr $5000, t= 1 yr $4000, t= 2 yr $3000 and t= 3 yr. $2000 and the money is valued at 20% by the company.
Now, we need to calculate how much money will be needed to purchase equipment costing $25,000 as a replacement for old equipment at the end of the fourth year.A sinking fund is used to set aside money to pay off a debt or replace an asset. For instance, a company might use a sinking fund to set aside funds to pay off a bond when it reaches maturity.
Therefore, the amount that needs to be deposited annually into a sinking fund can be calculated using the formula;A = (R * [ (1 + i)^n – 1 ]) / iWhere,A is the annual deposit,R is the future value of the equipmenti is the rate of interestn is the number of years
At the end of the fourth year, we will have t= 4 yr 0, as shown in the table below;Year Fundt= 0 yr $5000t= 1 yr $4000t= 2 yr $3000t= 3 yr $2000t= 4 yr 0
Now, we can calculate the amount of the sinking fund needed using the following steps:To calculate the amount needed in the sinking fund for the purchase of the equipment,
we will calculate the future value of the current sinking fund (which is $5000).The future value of the sinking fund at the end of the fourth year can be calculated as follows;FV = 5000 * (1 + 0.2)^4 = $12,160.00
Then, we will calculate the annual deposit required to achieve this future value.Using the formula for annual deposit mentioned above;A = (R * [ (1 + i)^n – 1 ]) / i Where,A is the annual deposit,R is the future value of the equipmenti is the rate of interest n is the number of years Substituting the given values, we get:A = ($25,000 * [ (1 + 0.2)^4 – 1 ]) / 0.2= $8205.82
Thus, the money needed to purchase equipment costing $25,000 at the end of the fourth year, given that the money is valued at 20% by the company is $8205.82.The correct option is (D) $8200.
To know more about sinking fund visit:
https://brainly.com/question/32258655
#SPJ11
When making a counter offer by using the approved Counterproposal form - how do you change dates?
Add an addendum
Mark through the old dates and enter new ones.
Do nothing, a verbal notification is sufficient.
Change only the dates that needed to be changed
When making a counteroffer using the approved Counterproposal form and needing to change dates, the appropriate approach would be to mark through the old dates and enter the new ones.
This ensures clarity and transparency by clearly indicating the changes being made. It is important to make the changes directly on the form and ensure that both parties involved are aware of and agree to the modified dates. This method helps to maintain a clear and documented record of the negotiation process and any changes made to the original proposal.
To learn more about Counterproposal form, visit
brainly.in/question/7035241
#SPJ11
write about Apple company in 3 paragraphs use main facts, supportive sentences and add Introduction and conclusion.
Apple Inc. is a renowned American technology company founded in 1976 by Steve Jobs, Ronald Wayne, and Steve Wozniak. The company specializes in producing consumer electronics, computer software, and personal computers.
Apple Company OverviewApple's products range from iPhones, iPads, iPods, Macs, and Apple Watches. Apple's ecosystem is one of the key reasons why it is so popular among consumers worldwide. Apple's operating system (iOS) is integrated into all its products, and this means seamless integration between devices. Apple has a strong retail presence, with over 500 stores in 25 countries.
Apple Inc. is a highly successful technology company with a reputation for high-quality products, innovative design, and excellent customer service. Apple's strong brand identity, loyal customer base, and robust financial performance make it one of the world's most valuable companies.
Despite the challenges posed by Covid-19, Apple has adapted quickly to the changing business environment and has continued to perform well. Apple's commitment to renewable energy and sustainability has earned it the respect of environmental groups worldwide.
To know more about operating system visit:-
https://brainly.com/question/29532405
#SPJ11
Hara, Ives, and Jack are in the process of liquidating their partnership. Since it may take several months to convert the other assets into cash, the partners agree to distribute all available cash immediately, except for P10,000 that is set aside for contingent expenses. The balance sheet and residual profit and loss sharing percentages are as follows: Accounts Cash P 400,000 P 200,000 payable Hara, Other assets 200,000 capital 135,000 (40%) Ives, capital 216,000 (30%) Jack, capital 49,000 (30%) Total Total assets P 600,000 P 600,000 liab./equity How much cash should Ives receive in the first distribution? O 153,000 156.000 O 146,000 O 147.000
Ives should receive P 153,000 in the first partnership distribution. Partnership is a type of business organization in which two or more individuals pool their resources together and share the risk and profits of the business. The correct answer is c. 146,000.
The available cash is P 400,000 less P 10,000 for contingent expenses, or P 390,000. To determine the amount of cash to be distributed to Ives, we can use the residual profit and loss sharing percentages given in the question. As per the residual profit and loss sharing percentages:Hara, Ives, and Jack share profits and losses in the ratio of 40:30:30, respectively.
Let's calculate Ives's share.40% + 30% + 30% = 100%Ives's share = 30% of the residual profits and lossesTotal amount of capital contributions = P 135,000 + P 216,000 + P 49,000 = P 400,000Total liabilities and capital = P 600,000Amount of other assets = P 200,000We need to find the amount of residual profits or losses. We can do this by subtracting the liabilities and other assets from the total assets.Total assets – Total liabilities and capital = Other assetsOther assets = Total assets – Total liabilities and capitalOther assets = P 600,000 – P 600,000Other assets = P 0Since there are no other assets, the total assets and the total liabilities and capital are equal.
The total of the residual profits and losses is the same as the total assets less the total liabilities and capital less other assets.Residual profits and losses = Total assets – Total liabilities and capital – Other assetsResidual profits and losses = P 600,000 – P 600,000 – P 0Residual profits and losses = P 0Since the residual profits and losses are zero, there is no profit or loss to be distributed among the partners. Therefore, each partner is entitled to receive back their capital contributions plus their share of the contingent expenses.Capital contribution + Share of contingent expenses = Total Distribution capital contribution is P 216,000.
So,Ives's distribution = P 216,000 + (P 10,000 × 30%)Ives's distribution = P 216,000 + P 3,000Ives's distribution = P 219,000However, the partners have only P 390,000 to distribute. To determine Ives's share of this amount, we can use the following proportion:Ives's share / Total distribution = Ives's residual profit and loss sharing percentage / Total residual profit and loss sharing percentageLet's substitute the values.Ives's share / P 390,000 = 30% / 100%Ives's share / P 390,000 = 0.3Ives's share = P 390,000 × 0.3Ives's share = P 117,000Therefore, the amount of cash that Ives should receive in the first distribution is P 153,000.P 219,000 − P 153,000 = P 66,000.
Complete question:
Hara, Ives, and Jack are in the process of liquidating their partnership. Since it may take several months to convert the other assets into cash, the partners agree to distribute all available cash immediately, except for P10,000 that is set aside for contingent expenses. The balance sheet and residual profit and loss sharing percentages are as follows: Accounts Cash P 400,000 P 200,000 payable Hara, Other assets 200,000 capital 135,000 (40%) Ives, capital 216,000 (30%) Jack, capital 49,000 (30%) Total Total assets P 600,000 P 600,000 liab./equity How much cash should Ives receive in the first distribution?
O 153,000
b. 156.000
c. 146,000
d. 147.000
To know more about Partnership visit:
https://brainly.com/question/32226723
#SPJ11
Which of the following investment strategies is passive? Allocating capital to firms that have higher average 5-year earnings per share. Allocating capital to firms that have higher than market average 5-year EPS growth. Allocating capital to firms that have higher than market average 5-year P/E ratio. Allocating capital across based on forecasted dividend growth Allocating capital on a pro-rata (by capitalisation) basis for all listed equities.
Out of all the given investment strategies, the allocation of capital on a pro-rata (by capitalisation) basis for all listed equities is passive. In a passive investment strategy, investors seek to replicate the returns of the market as a whole, rather than attempting to outperform it.
There are several ways to implement passive investment strategies, including index funds and exchange-traded funds (ETFs).Index funds typically hold all the securities in a particular market index, such as the S&P 500, and aim to replicate the index's returns. ETFs are similar to index funds in that they track an index, but they trade on an exchange like a stock, and their prices fluctuate throughout the trading day.In a pro-rata (by capitalisation) basis passive investment strategy, an investor aims to allocate the investment capital across all listed equities based on the relative market capitalization of each security. This means that the investor aims to hold all the securities in proportion to their market capitalization, with no attempt to pick and choose securities based on any other factors. The idea behind this strategy is that the investor will earn returns similar to the overall market without incurring the additional costs and risks of active management.
Therefore, in a pro-rata (by capitalisation) basis, the allocation of capital for all listed equities is a passive investment strategy.
To know more about Equity visit-
https://brainly.com/question/29910640
#SPJ11
Power Source Ltd is one of the producers of solar panels composed of 200 solar cells. In processing the cells, the company uses 10 solar tabber and stringer machines. The solar tabber and stringer machines are equipment that allows to solder and assemble the cells together order to compose the photovoltaic cell at the rate of 80 cells per hour. The man-machine ratio is 1:1. At present, the company has 6 technicians per shift and they are working 3 shifts in a day with a 75-minute break. They have 5 working days per week and 4 weeks in a month. a) How many panels can they produce in one month? (3 pts) (2 pts for the correct solution and 1 pt for the correct answer) b) However, 2 Technicians of Shift 2 tested positive for Corona Virus (COVID -19) on Day 2 of Week 3, how many panels will be the lost capacity? (4 pts)(3 pts for the correct solution and 1 pt for the correct answer) c) With 2 Technicians of Shift 2 tested positive for Corona Virus (COVID -19) on Day 2 of Week 3, how much will be the available capacity on Week 3? (3 pts)(3 pts for the correct solution and 1 pt for the correct answer)
a) Calculation of panels that can be produced in one month: Let's first calculate the production capacity of one machine for an hour = 80 cells per hour Now, if there are 10 machines in use then they can produce 80 × 10 = 800 cells in an hour.
The total duration in minutes in a month is 5 days per week, 4 weeks per month which is equal to 5 × 4 × 24 × 60 = 28,800 minutes Now, the technicians are working 3 shifts per day with a 75-minute break in between, so the net duration they are working per day = 24 × 60 − 75 = 1,425 minutes The net available duration per month (excluding weekends) = 28,800 × 3 = 86,400 minutes Now, the man-machine ratio is 1:1 i.e. 1 technician is required to operate 1 machine. Therefore, there are 10 × 6 = 60 machines that are being operated by 60 technicians. The panels that can be produced in one month = 60 × 1,425 × 10/200 = 42,750
b) Calculation of the number of lost capacity: In this scenario, the lost capacity will be the production loss due to the unavailability of two technicians of shift 2 on Day 2 of Week 3. The number of days they were absent = 1 × 3 = 3 days (they tested positive on the 2nd day, so they can't be counted on Day 2, Day 3, and Day 4) Now, the technicians are working 3 shifts in a day. So the total number of hours lost = 3 × 1,425 × 2 = 8,550. Since they can produce 800 cells per hour. Therefore, the number of cells they could not produce due to unavailability = 8,550 × 800 = 6,840,000 cells. However, since one panel is composed of 200 solar cells. So the number of panels they could not produce = 6,840,000 / 200 = 34,200
c) Calculation of available capacity on Week 3: We already know that the lost capacity for Week 3 = 34,200 panels. The total panels that can be produced in a month = 42,750 panels. Since there are 4 weeks in a month, therefore the panels that can be produced in one week = 42,750/4 = 10,687.5 The available capacity on Week 3 = 10,687.5 - 34,200 = -23,512.5
However, the result is negative, which means that they are short of capacity on Week 3 by 23,512.5 panels.
To know more about machine visit:
https://brainly.com/question/14959582
#SPJ11
information systems audit, is an examination of the manage Time left 1:56:47
within an Information technology (IT) infrastructure and business applications.
The evaluation of evidence obtained determines if the information systems are
safeguarding assets, maintaining data integrity, and operating effectively to
achieve the organization's goals or objectives. Suppose you are an IS Internal
Auditor in a Business organization: (14 Marks)
1. Assess the Information System Overall Risk based on the following
specifications, support your answers with explanation for each part: (5 Marks)
A) Value of Information: extremely valuable, loss of which endangers the entire
enterprise.
B) Confidentiality of Information: highly damaging, immediate effect of share
price, profitability or image.
C) Technical Complexity: Average complexity.
D) Systems Stability: Very highly unstable,
E) Impact of System Failure: Endangerment of the organisation's existence.
The overall risk assessment of the Information System based on the provided specifications indicates a high level of risk due to the extremely valuable information, high confidentiality requirements, average technical complexity, very high systems instability, and the potential endangerment of the organization's existence in case of system failure.
As an IS Internal Auditor in a Business organization, I would assess the Information System Overall Risk based on the following specifications:
A) Value of Information: The value of information is extremely valuable, and its loss could endanger the entire enterprise. This indicates a high level of risk as the organization heavily relies on the information for its operations, decision-making, and competitive advantage.
B) Confidentiality of Information: The confidentiality of information is highly damaging, and any breach could have an immediate effect on share price, profitability, or image. This suggests a significant risk as the organization needs to ensure robust measures to protect sensitive and confidential data.
C) Technical Complexity: The average complexity of the technical aspects of the information systems indicates a moderate level of risk. While it may not be as high as extremely complex systems, there could still be challenges in managing and securing the systems effectively.
D) Systems Stability: The systems' very high instability raises concerns and indicates a high level of risk. Unstable systems can lead to disruptions, downtime, and potential loss of data, impacting the organization's operations and overall performance.
E) Impact of System Failure: The endangerment of the organization's existence due to system failure signifies an extremely high level of risk. Such a scenario could have severe consequences, including financial losses, reputational damage, and even business continuity issues.
Learn more about high confidentiality here :-
https://brainly.com/question/30713997
#SPJ11
Consider the following claim: "In a two-person game, where each
player has at most three pure strategies, every strategy profile
that survives the iterative elimination of strongly dominated
actions
The claim is FALSE. I will provide a counterexample to demonstrate that not every strategy profile that survives the iterative elimination of strongly dominated actions is a pure strategy Nash equilibrium.
Counterexample:
Consider a two-person game where Player 1 and Player 2 each have two pure strategies: A and B. The payoff matrix for the game is as follows:
Player 2
A B
Player 1
A (1,1) (2,0)
B (0,2) (1,1)
Let's analyze the game step by step:
First, we check for strongly dominated strategies.
In the first column, strategy B strictly dominates strategy A for Player 1. So we eliminate strategy A for Player 1.
In the second row, strategy B strictly dominates strategy A for Player 2. So we eliminate strategy A for Player 2.
After eliminating the strongly dominated strategies, we are left with the strategy profile (B, B).
Now, let's analyze if (B, B) is a pure strategy Nash equilibrium:
For Player 1, if Player 2 plays strategy A, Player 1 can deviate to strategy A and get a higher payoff of 2 instead of 1.
Similarly, for Player 2, if Player 1 plays strategy A, Player 2 can deviate to strategy A and get a higher payoff of 2 instead of 1.
Therefore, (B, B) is not a Nash equilibrium because both players have an incentive to deviate.
This counterexample demonstrates that the claim is false. In this case, the strategy profile (B, B) survived the elimination of strongly dominated strategies but is not a pure strategy Nash equilibrium.
Learn more about strategy here:
https://brainly.com/question/32154073
#SPJ11
Consider the following claim: "In a two-person game, where each player has at most three pure strategies, every strategy profile that survives the iterative elimination of strongly dominated actions is a pure strategy Nash equilibrium." If this claim is TRUE, then provide a proof. If it is FALSE, then prove your argument by providing an example. [Note: We use the phrases "strongly" and "strictly" interchangeably for dominance relationship.
Cranberry has received a special order for 170 units of its product at a special price of $2,400. The product normally sells for $2,900 and has the following manufacturing costs: Per unit Direct materials 780 Direct labor 480 580 Variable manufacturing overhead Fixed manufacturing overhead 680 Unit cost $2,520 Assume that Cranberry has sufficient capacity to fill the order without harming normal production and sales. If Cranberry accepts the order what effect will the order have on the company's short-term profit? $ Multiple Choice $95,200 increase $20,400 decrease $115,600 decrease $20,400 increase Ross has received a special order for 17,000 units of its product at a special price of $20. The product normally sells for $26 and has the following manufacturing costs: Per unit Direct materials $6 Direct labor 5 Variable manufacturing overhead 5 Fixed manufacturing overhead 9 Unit cost $25 Assume that Ross has sufficient capacity to fill the order. If Ross accepts the order, what effect will the order have on the company's short term profit? Multiple Choice $85,000 decrease $68,000 increase $170,000 increase $17,000 decrease
Cranberry will earn a profit of $20,400 if it accepts the special order of 170 units.What is the meaning of a special order?A special order is an order from a customer that is different from the firm's standard product lines and it usually entails a non-recurring transaction.
In general, special orders are priced at a lower level than standard orders because they often necessitate additional expenditures, such as setup expenses.
As a result, special orders are evaluated on a cost-plus basis, which compares the special order's incremental expenses to the special order's incremental revenues.
Calculation:If Cranberry accepts the special order of 170 units, the company will receive $2,400, or 170 x $2,400 = $408,000 in sales.The cost of manufacturing 170 units of the product is ($780 + $480 + $580 + $680) x 170 = $1,130,400.
to know more about incremental revenues visit:
https://brainly.com/question/28167612
#SPJ11
Workers Production of Beef 1 5000 2 9500 3 12602 4 M Assume the MPL of the 4th worker is 1178. What is the value of "M" in the table?
Workers Production of Beef
1 5000
2 9500
3 12602
4 M
To find the value of "M" in the table, we need to determine the production of beef when there are 4 workers. The marginal product of the 4th worker is given as 1178.
From the given data, we can observe that the production of beef increases as the number of workers increases. The marginal product of each additional worker represents the additional output produced when one more worker is added.
Based on the data, we can see that the marginal product of the 2nd worker is 9500 - 5000 = 4500, and the marginal product of the 3rd worker is 12602 - 9500 = 3102.
To find the value of "M," we can calculate the total production of beef when there are 4 workers by adding the marginal product of the 3rd worker to the production when there are 3 workers:
Production with 3 workers = 12602
MPL of 4th worker = 1178
Production with 4 workers = Production with 3 workers + MPL of 4th worker
M = 12602 + 1178
M = 13780
Therefore, the value of "M" in the table is 13780.
To know more about marginal product click this link -
brainly.com/question/31050533
#SPJ11
How does motivation and influence competence serve the health leader?
Motivation and influence competence are essential for health leaders as they contribute to their effectiveness in leading and managing healthcare organizations. These qualities help health leaders inspire and engage their teams, drive positive change, and achieve desired outcomes.
Motivation plays a crucial role in the success of a health leader. By understanding the needs and aspirations of their team members, leaders can create a motivating work environment that fosters employee engagement and satisfaction. Motivated employees are more likely to perform at their best, contribute innovative ideas, and deliver high-quality care. Additionally, motivated leaders themselves demonstrate a strong commitment to their role and the organization, which inspires trust and confidence among their team members.
Influence competence is equally important for health leaders. Being able to influence others allows leaders to build strong relationships, gain support for initiatives, and drive collaboration and teamwork. Health leaders must be skilled at effectively communicating their vision, persuading others to adopt new practices or policies, and resolving conflicts. By using their influence effectively, leaders can create a positive culture, inspire change, and lead their teams towards achieving organizational goals.
Overall, motivation and influence competence empower health leaders to create a positive and productive work environment, inspire their teams, and drive meaningful change in healthcare organizations. These qualities enable leaders to navigate challenges, build strong relationships, and ultimately enhance the delivery of quality healthcare services.
Learn more about healthcare here:
https://brainly.com/question/31259097
#SPJ11
From several years’ records, a fish market manager has determined that the weight of deep sea bream sold in the market (X), is approximately normally distributed with a mean of 500 grams and a standard deviation of 100 grams. Assuming this distribution will remain unchanged in the future, the expected proportions of deep sea bream sold over the next year weighing
(iii) More than 600 grams
A. 0.1587
B. 0.4878
C. 0.9878
D. None of the options above
The expected proportion of deep sea bream sold over the next year weighing more than 600 grams is 0.1587. The correct answer is A. 0.1587.
To find the expected proportion of deep sea bream sold over the next year weighing more than 600 grams, we need to calculate the area under the normal distribution curve to the right of 600 grams.
First, we need to standardize the value of 600 grams by subtracting the mean (500 grams) and dividing by the standard deviation (100 grams):
Z = (600 - 500) / 100 = 1
Next, we can look up the proportion corresponding to a Z-score of 1 in the standard normal distribution table. The proportion to the right of 1 is approximately 0.1587.
To know more about deep sea, please click on:
https://brainly.com/question/28323914
#SPJ11
A selling presentation format that consists of information that must be provided in an accurate, thorough, and step-by-step manner to inform the prospect is referred to as formula selling presentation O stimulus-response presentation O needs-satisfaction presentation O a straight rebuy sales-pitch
A selling presentation format that consists of information that must be provided in an accurate, thorough, and step-by-step manner to inform the prospect is referred to as a needs-satisfaction presentation.
In a needs-satisfaction presentation, the salesperson aims to understand the specific needs and requirements of the prospect and then presents information and solutions that directly address those needs. The presentation is structured and tailored to provide accurate and thorough information that aligns with the prospect's requirements.
The needs-satisfaction presentation focuses on demonstrating how the product or service being offered can fulfill the prospect's needs, solve their problems, or meet their goals. It involves highlighting the benefits and features that are most relevant to the prospect and showcasing how the offering can provide value and satisfy their specific needs.
This presentation format allows the salesperson to build trust, establish credibility, and effectively communicate the value proposition of the product or service. By addressing the prospect's needs in a step-by-step manner, the salesperson can guide the prospect towards a purchasing decision based on a thorough understanding of their requirements.
Learn more about selling here
https://brainly.com/question/29649674
#SPJ11
in many sports organizations, once a season ticket sale is made by a salesperson, the customer is turned over to a customer service representative who serves as a liaison between the sports organization and customer.
true or false
The statement "in many sports organizations, once a season ticket sale is made by a salesperson, the customer is turned over to a customer service representative who serves as a liaison between the sports organization and customer" is True.
Season tickets refer to a sports ticket that permits entry to a specific number of future games or events for a team or organization. For example, a season ticket for an NFL team may include entrance to all eight regular-season home games.However, managing season tickets can be complicated, especially when dealing with ticket sales, customer service, and customer satisfaction.
In many sports organizations, once a season ticket sale is made by a salesperson, the customer is turned over to a customer service representative who serves as a liaison between the sports organization and customer.The primary purpose of a liaison officer is to provide communication and support services between the sports organization and the season ticket holder.
This can be achieved by addressing customer queries, concerns, and issues that arise during the season and providing solutions to their problems. The service may include anything from discussing ticketing options to addressing a customer's negative experience at a previous game or event.
The liaison officer serves as a direct line of communication between the sports organization and the season ticket holder, as well as providing value-added services and support that help retain customers and build brand loyalty. As a result, sports organizations have a comprehensive system in place to manage their season ticket sales and customer service.
Know more about customer service here:
https://brainly.com/question/28417930
#SPJ11
Supply curve crosses with vertical oxes on point 20 unit, If supply curve slope is 5 Then find quantity of supply when price equal 30 $
The quantity supplied when the price equals 30$ is 70 units, calculated by using the formula for the supply function, given the slope and the vertical axis intercept.
The quantity supplied when the price equals 30$ is 70 units, calculated by using the formula for the supply function, given the slope and the vertical axis intercept. In detail, the supply curve is given by the equation Q = mP + b, where m is the slope, P is the price, and b is the vertical intercept. In this case, the supply curve has a slope of 5 and crosses the vertical axis at 20 units. Therefore, when the price is 30$, the quantity supplied can be found by substituting these values into the equation: Q = 5*30 + 20 = 150 + 20 = 170 units.
Learn more about supply here:
https://brainly.com/question/28177667
#SPJ11
Suppose a closed economy has an intended investment of 150 and an aggregate consumption function given by C = 250 + 0.75Yd. Suppose also that the government spends 150 but collects no taxes.
What is equilibrium output and income?
(round your answer to the nearest whole value
The consumption function of an economy is C = 250 + 0.75Yd where C is the consumption expenditure, Yd is disposable income, and 250 is autonomous consumption. Therefore, if Yd is zero, the consumption expenditure will be 250.
Equilibrium output and income are calculated by considering the income-expenditure equilibrium (Y = AE)Where AE = C + I + G We know that the planned investment is 150, the government expenditure is 150, and tax is 0. AE = 250 + 150 + 150
= 550.
Hence, we can find the equilibrium output by substituting AE = Y in the above equation, Y = AE.
Y = 550Y
= C + I + GY
= 250 + 0.75Y + 150 + 150Y - 0.75Y
= 550-0.25Y = 150 + 150Y
= (150 + 150) / 0.25Y
= 1200
The equilibrium output and income are 1200 in the closed economy.
To know more about expenditure visit:
https://brainly.com/question/30063968
#SPJ11
Firm Now assume that firms have the following production technology to produce output y: y; = zkºn where z is exogenous aggregate productivity, k is a pre-determined (exogenous) level of capital and n, is the amount of labor the firm demands, a is a parameter governing the capital share in the economy. Assume that firms are born with capital k, take z as given and hire labor at the going rate of we. The firm does not face any tax. Questions 1. Write down the firm's profit maximization problem. 2. Derive an optimality equation relating to the firm's total wage bill, w,n,, to, output y, and parameters of the model. Label this equation the firm's wage bill in your answer. 3. Solve for the firm's optimality equation from above.
The firm's profit maximization problem involves maximizing profit by choosing the optimal combination of capital and labor inputs. The optimality equation for the firm's wage bill relates the wage rate to productivity, capital input, and labor input. The wage bill equation is derived as w = z(1-α)[tex]k^{a}n^{-a}[/tex].
The firm's profit maximization problem can be written as follows
maximize π = zky - wn
subject to y = z[tex]k^a[/tex][tex]n^{1-a}[/tex]
To derive the optimality equation for the firm's total wage bill, we need to differentiate the profit function with respect to labor input (n) and set it equal to zero. The optimality equation is:
∂π/∂n = -w + z(1-α)[tex]k^{a}n^{-a}[/tex]) = 0
To solve for the firm's optimality equation, we can rearrange it as:
w = z(1-α)[tex]k^{a}n^{-a}[/tex]
This equation represents the firm's wage bill, where the wage rate (w) is equal to the productivity level (z) multiplied by the capital share (1-α), multiplied by the capital input (k) raised to the power of α, divided by the labor input (n) raised to the power of α.
To know more about profit maximization:
https://brainly.com/question/31852625
#SPJ4
describe procedures to conduct board and shareholder meetings
Conducting board and shareholder meetings involves specific procedures that ensure effective communication and decision-making within an organization.
To conduct a board or shareholder meeting, several key procedures should be followed. Firstly, an agenda should be created, outlining the topics to be discussed and any actions to be taken. Notice of the meeting should be provided to all participants within a designated timeframe, usually specified in the organization's bylaws or applicable laws.
During the meeting, the chairperson or moderator should facilitate discussions, allowing each participant to express their views and ensuring that all agenda items are addressed. Decisions may be made through voting or consensus, depending on the organization's rules. It's important to maintain order and follow any parliamentary procedures that govern the meeting.
Following the meeting, accurate and detailed minutes should be prepared, documenting the discussions, decisions, and any action points. These minutes serve as an official record and are often reviewed and approved at the subsequent meeting.
Learn more about effective communication from here:
https://brainly.com/question/1285845
#SPJ11
what are the importance of addressing the cost of absenteeism and turnover in the organization of EAF (Employee Association Forum) company
Addressing absenteeism and turnover in the EAF company is essential for maintaining productivity and employee satisfaction, reducing recruitment costs, and improving financial performance.
The costs associated with absenteeism and turnover can significantly impact an organization, making it essential to address them within the EAF company. Firstly, absenteeism refers to employees being frequently absent or taking unplanned leaves, leading to decreased productivity and increased workload for other employees. By addressing absenteeism, the organization can ensure adequate staffing levels, reduce disruptions in workflow, and maintain operational efficiency.
Secondly, turnover refers to the rate at which employees leave the organization, resulting in the need for recruitment, training, and onboarding of new staff. High turnover rates can disrupt team dynamics, reduce institutional knowledge, and increase recruitment costs. By addressing turnover, the organization can enhance employee retention, maintain a stable workforce, and reduce recruitment and training expenses.
Addressing the costs of absenteeism and turnover is essential for maintaining employee morale and satisfaction. High levels of absenteeism and turnover can create a negative work environment, leading to decreased employee engagement and motivation. By addressing these issues, the organization can foster a positive work culture, improve job satisfaction, and enhance employee loyalty.
From a financial perspective, reducing absenteeism and turnover can lead to significant cost savings for the organization. By minimizing disruptions in productivity and avoiding the expenses associated with recruitment, training, and onboarding, the EAF company can improve its financial performance and overall profitability.
Learn more about financial performance here:
https://brainly.com/question/29809264
#SPJ11
Which international trade document is an escrow-like agreement between buyer's and seller's banks which guarantees payment if seller meets specified terms of the sale? Shippers letter of instructions Bill of lading Commercial invoice Letter of credit
A letter of credit is an escrow-like agreement between buyer's and seller's banks that guarantees payment if the seller meets the specified terms of the sale.The letter of credit (L/C) is a crucial trade finance instrument that aids importers and exporters in reducing their risk of non-payment in cross-border transactions.
The buyer's bank offers an irrevocable commitment to pay the seller's bank under the agreed-upon terms in a letter of credit transaction. A letter of credit, like other trade finance instruments, has several benefits for both importers and exporters. These benefits include risk mitigation, decreased transactional time and costs, and access to new trading partners, among others.In the case of a letter of credit, the importer's bank acts as a guarantor. It guarantees payment to the exporter if the latter meets the terms and conditions of the letter of credit. A letter of credit also reduces risk since it enables the seller to obtain payment if the buyer fails to pay or becomes insolvent. As a result, letters of credit are often employed in high-value international trade transactions, where the risk of non-payment is considerable. Overall, it can be concluded that a letter of credit is an escrow-like agreement between buyer's and seller's banks that guarantees payment if the seller meets the specified terms of the sale.
Learn more about letter of credit here:-
https://brainly.com/question/32462221
#SPJ11
With forward contracts, all gains and losses are accumulated to one payment on the delivery date, whereas futures contracts recognize gains and losses daily. a. Not necessarily 6. False c. True d. None of the above
Option c) True is the correct answer.
Forward contracts and futures contracts are both financial instruments that allow buyers and sellers to agree on a price for a commodity or asset at a future date. However, there are some key differences between the two types of contracts.
One of the main differences is that forward contracts are not traded on an exchange, while futures contracts are. This means that forward contracts are more customized and can be tailored to the specific needs of the buyer and seller. However, it also means that there is more risk involved in forward contracts, as there is no central clearinghouse to guarantee payment.
Another difference is that forward contracts are settled on the delivery date, while futures contracts are settled daily. This means that with a forward contract, the buyer and seller only exchange money on the day that the commodity or asset is delivered. With a futures contract, the buyer and seller exchange money every day, based on the market price of the commodity or asset.
This difference in settlement dates can have a significant impact on the profits and losses of the buyer and seller. For example, if the price of the commodity or asset goes up, the buyer of a forward contract will make a profit, while the seller will make a loss. However, the buyer of a futures contract will make a profit every day, while the seller will make a loss every day.
Overall, forward contracts and futures contracts are both important financial instruments that allow buyers and sellers to hedge against risk. However, there are some key differences between the two types of contracts, which can have a significant impact on the profits and losses of the buyer and seller.
Learn more about forward contracts and futures contracts here:
https://brainly.com/question/13441691
#SPJ11
TOM is a CEO and a funder of a finacial service company. He decided to increase the salaries of employees by a large margin. Given the stakeholders , what should he have done before increasing the employees’ salaries?
inside stakeholders: employees, original shareholder(30%), himself
outside stakeholders: competing companies， potional investors, consumers
Being a CEO and a funder of a financial service company, TOM has decided to increase the salaries of employees by a large margin.
What should he have done before increasing the employees' salaries, given the stakeholders?TOM, before increasing the employees' salaries, should have done a feasibility study by analyzing the following factors:
i) The financial feasibility of the pay hikes.
ii) The implications for the original shareholders who hold 30 percent of the company.
iii) The impact of increased salaries on the staff morale and satisfaction.
iv) The effect of salary hikes on the recruitment and retention of skilled workers.
v) The views of potential investors on this salary increase.
vi) The company's market position and performance relative to that of competing businesses.
vii) The effect of increased salary on consumer sentiments and demand.
The feasibility analysis would enable TOM to determine whether the wage hikes would be advantageous to the firm's long-term interests or not.
For example, TOM could employ a compensation committee comprising representatives from various stakeholders (such as employees, shareholders, and investors) to deliberate on the proposal and provide feedback.
To know more on stakeholder visit:
https://brainly.com/question/30241824
#SPJ11
] The cost volume and profit relationship of a company is described by equation y = Rs. 3,00,000+ 0.7x in which x represents sale revenue and y represents the total cost. Find out the following: (i) C/S Ratio (ii) B.E. Point (iii) Sales volume required to earn a profit of Rs. 90,000. (iv) Sales when there is a loss of Rs. 30,000. Ans. [(i) 30% (ii) Rs. 10,00,000 (iii) Rs. 13,00,000 (iv) Rs. (Marks 5) 9,00,000 ]
Given equation is y = Rs. 3,00,000+ 0.7x in which x represents sale revenue and y represents the total cost. The required answers are(i) C/S Ratio(ii) B.E. Point(iii) Sales volume required to earn a profit of Rs.
90,000.(iv) Sales when there is a loss of Rs. 30,000.(i) Calculation of C/S Ratio:C/S ratio = Contribution / Sales= Rs. (Sales - Variable Cost) / Rs. Sales= Rs. (3,00,000 + 0.3x) / x = Rs. 3,00,000/x + 0.3Therefore, C/S Ratio is 0.3 or 30%(ii) Calculation of B.E. Point:BE Point is the level of sales where total cost is equal to total revenue.
That is, at BEP, Profit = 0.Rs. (Sales) = Rs. (3,00,000 + 0.7x)X = BEP = Rs. (3,00,000 / 0.3)= Rs. 10,00,000.(iii) Calculation of Sales volume required to earn a profit of Rs. 90,000:Profit = (Sales x P/V Ratio) - Fixed CostRs. 90,000 = (x x 0.3) - Rs. 3,00,000X = Rs. 13,00,000.(iv) Calculation of Sales when there is a loss of Rs. 30,000.Loss = (Sales x P/V Ratio) - Fixed CostRs. - 30,000 = (x x 0.3) - Rs. 3,00,000X = Rs. 9,00,000. Therefore, the answer is [(i) 30% (ii) Rs. 10,00,000 (iii) Rs. 13,00,000 (iv) Rs. 9,00,000].
To know more about sale revenue visit:
https://brainly.com/question/28504810
#SPJ11
A company is selling Toyota cars. An Islamic bank invests USD 10 million for a sow profe share. The investor invests USD 3 million for a 40% profit share. The sale proceeds in the test year of operations is USD 10,000,000. Ignore any management fees and expenses. Answer the following What is the total return for each party? How would your answer change of the sale prices are less by 50%. For the toolhar press A T+F10 (PC) or ALT+FN+F10 (MIL
In the given scenario, the total return for each party can be calculated based on their respective profit shares. However, the impact of a 50% decrease in sale prices will result in different returns for the parties involved.
The Islamic bank invests USD 10 million for a 60% profit share, while the investor contributes USD 3 million for a 40% profit share. To calculate the total return for each party, we need to determine the profit earned.
Profit for the Islamic bank: Profit = (Profit Share / Investment) * Sale Proceeds = (60% / 100%) * USD 10,000,000 = USD 6,000,000
Profit for the investor: Profit = (Profit Share / Investment) * Sale Proceeds = (40% / 100%) * USD 10,000,000 = USD 4,000,000
Therefore, the total return for the Islamic bank is USD 6,000,000, and the total return for the investor is USD 4,000,000.
If the sale prices were reduced by 50%, the total return for each party would also be affected. The new sale proceeds would be USD 5,000,000. Recalculating the profits:
Profit for the Islamic bank: Profit = (Profit Share / Investment) * Sale Proceeds = (60% / 100%) * USD 5,000,000 = USD 3,000,000
Profit for the investor: Profit = (Profit Share / Investment) * Sale Proceeds = (40% / 100%) * USD 5,000,000 = USD 2,000,000
In this case, the total return for the Islamic bank would be USD 3,000,000, and the total return for the investor would be USD 2,000,000. The decrease in sale prices directly affects the profits and, consequently, the total returns for each party.
Learn more about Islamic bank here:
https://brainly.com/question/32743450
#SPJ11
A company imports materials from USA at a cost of $1 068 000,which is payable in 6 months' time. The operations director has suggested that the company should not hedge the exchange risk as the firm will continue to import in the longer term and that the cost of hedging is very expensive. The following exchange rates and interest rates are given. Determine whether the company should select a forward contract or a money market hedge if it wishes to minimize the cost of hedging the currency exposure.
the company should select a forward contract or a money market hedge to minimize the cost of hedging the currency exposure, we need to compare the costs associated with each .
Forward Contract:A forward contract is an agreement to buy or sell a currency at a predetermined exchange rate on a future date.
allows the company to lock in a specific exchange rate for the future payment.
Money Market Hedge:
A money market hedge involves borrowing or lending funds in a foreign currency to offset the currency exposure. In this case, the company would borrow funds in the foreign currency to cover the payable amount and then convert it to the domestic currency.
To compare the costs, we need to consider the exchange rates and interest rates provided. Let's assume the following rates and assumptions:
Current spot exchange rate: 1 USD = X domestic currency6-month forward exchange rate: 1 USD = Y domestic currency
Domestic interest rate: R%
Forward Contract Cost:The cost of the forward contract is typically the difference between the forward exchange rate and the spot exchange rate. If the forward rate is lower than the spot rate, it implies a premium to be paid.
Cost of forward contract = (Y - X) * Payable amount in domestic currency
Money Market Hedge Cost:
The cost of a money market hedge is influenced by the interest rate differentials between the domestic and foreign currencies.
Cost of money market hedge = Payable amount in foreign currency * (1 + R%) - (Payable amount in domestic currency)
To determine the optimal hedging strategy, compare the costs of the forward contract and money market hedge. Choose the with the lower cost.
However, since the specific exchange rates and interest rates are not provided in the question, I'm unable to perform the actual calculations to determine the optimal choice. Please provide the relevant rates, and I'll be happy to assist you further in evaluating the hedging s based on the given information.
Learn more about interest here:
https://brainly.com/question/30393144
#SPJ11
