The two quotes are not saying the same thing. They are both discussing different concepts.
The first quote is discussing the process of positioning in relation to brands and products in the minds of the customers. It explains how companies create a distinctive image for their brand through the marketing mix to distinguish their brand from the competitors. It also notes that once a brand has achieved a strong position, repositioning it can be difficult.
On the other hand, the second quote is discussing the difference between positioning and differentiation. It notes that positioning is a perception that occurs in the minds of the target market, while differentiation is something that marketers do through product design, pricing, or promotional activity. Therefore, it is evident that the two quotes are discussing different concepts.
In this case, neither quote is right or wrong because they are discussing different things. The first quote is right when discussing the concept of positioning while the second quote is right when discussing the difference between positioning and differentiation.
Finally, it is true that repositioning a brand can be difficult because customers have already formed an image or perception of the brand in their minds, and changing this perception can be challenging. Repositioning may involve changing the price, image, or target market, among other things. It is not impossible to reposition a brand, but it can be difficult, especially when the brand has a strong position in the market.
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If an analyst wants to examine a company's current ability to generate income, which of would best be considered? Select one: O a Liquidity ob. Market share Ос. Profitability Solvency
If an analyst wants to examine a company's current ability to generate income, the best consideration would be profitability. Profitability measures the company's ability to generate profits and income from its operations. It assesses the company's ability to efficiently utilize its resources and generate a positive return.
Profitability is a key aspect of assessing a company's financial health and performance. It focuses on the company's ability to generate income and profits from its core business activities. By analyzing profitability metrics, analysts can evaluate how effectively the company is utilizing its resources and whether it has a sustainable business model.
There are various profitability measures that analysts commonly consider, such as:
1. Gross Profit Margin: This metric compares a company's gross profit (revenue minus the cost of goods sold) to its total revenue. It indicates the percentage of revenue that remains after accounting for the direct costs of producing goods or services.
2. Operating Profit Margin: This measure assesses the profitability of a company's core operations by comparing its operating income (revenue minus all operating expenses) to its total revenue. It shows the percentage of revenue that remains after deducting operating expenses.
3. Net Profit Margin: This metric evaluates the overall profitability of a company by comparing its net income (revenue minus all expenses, including taxes and interest) to its total revenue. It represents the percentage of revenue that remains as profit after all costs and expenses.
4. Return on Assets (ROA): ROA measures how efficiently a company uses its assets to generate profits. It calculates the ratio of net income to average total assets, indicating the company's ability to generate earnings relative to its asset base.
5. Return on Equity (ROE): ROE evaluates the profitability of a company from the perspective of its shareholders. It measures the return generated on shareholders' equity and is calculated by dividing net income by average shareholders' equity. It indicates how effectively the company is utilizing shareholder investments to generate profits.
By assessing profitability measures, analysts can gain insights into a company's financial performance, competitiveness, and potential for future growth. However, it's important to consider profitability in conjunction with other financial indicators like liquidity, solvency, and market share to obtain a comprehensive understanding of a company's overall financial health.
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managing consumer trust is a challenge for ebusinesses. which of the following is a good way to build trust when working with customers over the internet? group of answer choices be available to communicate in-person all of the choices are correct. be accessible to communicate in-person use customer testimonials that link to your client website
Managing consumer trust is a challenge for e-businesses. One of the good ways to build trust when working with customers over the internet is to use customer testimonials that link to your client website.
How to build trust when working with customers over the internet?
Working with customers online can be a challenge for e businesses. Building trust is a critical aspect of e-commerce. Trust is important to businesses because it provides customers with a sense of safety. When customers trust your business, they are more likely to make a purchase and recommend your business to others. Here are some ways that help to build trust when working with customers over the internet:
Using customer testimonials that link to your client website is a good way to build trust when working with customers over the internet. Customer testimonials can be extremely effective in persuading potential customers to make a purchase. When potential customers read positive comments from existing customers, it builds confidence in the product and increases the likelihood of making a purchase. Testimonials can be particularly effective when they link to the customer's website.
Use customer testimonials that link to your client website is an effective way to build trust when working with customers over the internet. This is because customer testimonials provide a sense of social proof. By sharing positive feedback from happy customers, businesses can demonstrate their reliability and trustworthiness. Thus, it is an effective way to build trust when working with customers over the internet.
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PART A: Outline the main features of a cross-currency swap. Include in your answer a discussion of the differences between an interest rate swap and a cross-currency swap. Briefly discuss the new risk (not usually associated with interest rate swap) introduced by cross currency swap. [3 marks]
PART B: Aussie-Akubra is a US-based subsidiary of an Australian company. A large part of its business is located in the USA and derives its income in USD. Lincoln-USA is a subsidiary of a US company based in Australia. It derives its income in AUD. Both subsidiaries have decided to finance an expansion of their operations in the US and Australia respectively with debt issues but are concerned with being exposed to foreign exchange risk.
PART C: Explain how both subsidiaries can use a cross-currency swap to avoid exposure to foreign exchange risk. In your answer, discuss whether or not the currency-swap would result to a perfect hedge. [4 marks]
PART A: Main Features and Differences of Cross-Currency Swaps and Interest Rate Swaps
Cross-currency swaps are financial derivatives used to exchange interest payments and principal amounts denominated in different currencies. The main features of a cross-currency swap include:
Currency Exchange: The swap involves the exchange of principal amounts in different currencies at the beginning and end of the contract.
Interest Rate Payments: Each party pays interest to the other on the swapped principal amounts based on agreed-upon fixed or floating interest rates.
Payment Frequency: Interest payments can be made at regular intervals, such as annually, semi-annually, or quarterly.
Maturity: The swap has a predetermined maturity date, at which pointthe principal amounts are exchanged back.
Differences between Cross-Currency Swaps and Interest Rate Swaps:
Currency Exposure: In an interest rate swap, the principal amounts are in the same currency, and the swap focuses on exchanging interest payments based on different fixed or floating rates. In contrast, cross-currency swaps involve the exchange of both principal and interest payments in different currencies, effectively hedging against foreign exchange risk.
Risk Exposure: Cross-currency swaps introduce foreign exchange risk that is not typically associated with interest rate swaps. Fluctuations in exchange rates between the two currencies can lead to gains or losses for the parties involved.
Pricing Factors: The pricing of interest rate swaps primarily depends on the creditworthiness and interest rate differentials between the parties. For cross-currency swaps, the pricing factors include interest rate differentials, credit risk, and expectations of future exchange rate movements.
PART B: Concerns with Foreign Exchange Risk
Aussie-Akubra, a US-based subsidiary, is concerned about exposure to foreign exchange risk as it derives its income in USD but needs to finance its expansion in Australia. On the other hand, Lincoln-USA, an Australian subsidiary, faces a similar concern as it derives income in AUD but requires financing for its operations in the US.
PART C: Using Cross-Currency Swaps to Mitigate Foreign Exchange Risk
Both subsidiaries can utilize cross-currency swaps to mitigate foreign exchange risk. Here's how it works:
Aussie-Akubra: The subsidiary can enter into a cross-currency swap where it exchanges its USD income for AUD principal and interest payments. This way, it effectively transforms its USD debt into AUD debt, aligning its debt obligations with its income currency.
Lincoln-USA: Similarly, Lincoln-USA can enter into a cross-currency swap to exchange its AUD income for USD principal and interest payments. This allows the subsidiary to match its debt obligations with its income currency.
Regarding whether the currency swap would result in a perfect hedge, it depends on the terms of the swap and the efficiency of the market. While cross-currency swaps can significantly reduce foreign exchange risk, they may not provide a perfect hedge due to factors such as liquidity constraints, market fluctuations, and basis risk (differences in interest rates between currencies). Therefore, there might still be some residual exposure to foreign exchange risk, although it would be significantly minimized compared to not using the swap.
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A short-term note payable:
A. is a written promise to pay a specified amount on a definite future date within one year or the company's operating cycle, whichever is longer.
B. is a contingent liability.
C. is an estimated liability.
D. is not a liability until the due date.
E. cannot be used to extend the payment period for an account payable.
A short-term note payable is a written promise to pay a specified amount on a definite future date within one year or the company's operating cycle, whichever is longer. Therefore, Option A is the correct answer.
A note payable is a debt that the business borrows and plans to pay back within a year or the company's operating cycle, whichever is longer. The note payable may be used to finance inventories, fixed assets, and accounts payable. The note payable is a written promise to repay the debt amount borrowed, plus interest, by a certain date. The interest rate is expressed as an annual percentage rate (APR).
A short-term note payable is classified as a current liability because it is due within one year or the company's operating cycle, whichever is longer. The operating cycle is the time it takes for a company to purchase goods, convert those goods to a finished product, sell the product, and receive cash from the sale of the product.
A current liability is a debt that is due within one year or the company's operating cycle, whichever is longer. Long-term liabilities are debts that are not due within a year or the company's operating cycle, whichever is longer.A note payable is a liability because it is a debt that the business owes. Option A is the correct answer.
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Rawlco Communications operates 15 radio stations throughout the West. The following events occurred during September.
a) Placed an order for office supplies costing $1,800. Supplier intends to deliver later in the month.
b) Purchased equipment that cost $23,000; paid $6,000 cash and signed a promissory note to pay $17,000 in one month.
c) Negotiated and signed a one-year bank loan, and then deposited $5,000 cash in the company's checking account.
d) Hired a new finance manager on the last day of the month.
e) Received an investment of $11,000 cash from the company's owners in exchange for issuing common shares.
f) Supplies ordered in (a) were received, along with a bill for $1,800.
Prepare journal entries to record each transaction.
The journal entry for the transaction involving the receipt of office supplies and a bill is:
Debit - Accounts Payable - $1,800
Credit - Office Supplies - $1,800
The journal entries for the provided transactions are as follows:a) Office supplies are purchased on credit. The company is going to use these supplies to conduct daily operations. The journal entry for this transaction is:Debit - Office supplies - $1,800Credit - Accounts Payable - $1,800b) Equipment is purchased with cash and promissory note. Equipment is an asset that is used by the company to conduct daily operations. The journal entry for this transaction is:Debit - Equipment - $23,000Credit - Cash - $6,000Credit - Notes Payable - $17,000c) Bank loan is negotiated and signed, and cash is deposited in the company's checking account. The journal entry for this transaction is:Debit - Cash - $5,000Debit - Bank Loan - $0Credit - Checking Account - $5,000Credit - Bank Loan Payable - $0d) A new finance manager is hired. The journal entry for this transaction is:Debit - Salaries and Wages Expense - $0Credit - Cash - $0e) Investment is received by the company from its owners in exchange for issuing common shares. The journal entry for this transaction is:Debit - Cash - $11,000Credit - Common Stock - $11,000f) Office supplies are received, and a bill is received for them.
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Employment laws can vary significantly by country. For instance, in the United States, many jobs are governed by the principle of employment at-will. Employment at-will is rarer in certain countries in Europe, such as Portugal. Regulation and collective bargaining impact labor markets to a larger extent in Europe than in the United States.
How do European labor markets compare to the labor market in the United States as a result of these varying labor laws?
The labor market in Europe is less flexible than in the United States.
The hiring and firing costs are lower in Europe than the United States.
Europe has a lower rate of long-term unemployment than the United States.
During a period of increased demand, European firms are more likely to hire more workers.
European labor markets are less flexible than in the United States, as a result of these varying labor laws.
This is because Regulation and collective bargaining impact labor markets to a larger extent in Europe than in the United States. Hence, the correct option is:
The labor market in Europe is less flexible than in the United States.
What is Labor market?
A labor market is the marketplace in which businesses compete for labor, and individuals compete for employment. The most significant factors influencing labor markets are supply and demand. The supply and demand for labor are determined by several variables, including education, training, geographic location, demographics, and employment laws. When there is a high demand for workers and a limited supply of workers, businesses must raise wages and provide benefits to attract and retain qualified employees. In a situation where there are many available jobs and few employees, employers have the upper hand and can afford to pay lower wages and provide fewer benefits.
In conclusion, as per the given scenario, the European labor market is less flexible than the US labor market.
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Match the following:
Prompts
Received from sales of services
Received from issuing g preferred shares
Payment to get land ready for use
Sale of equipment
Submitted Answers
Choose a match :
Operating
Financing
Investing
Received from sales of services - Operating, Received from issuing preferred shares - Financing, Payment to get land ready for use - Investing, Sale of equipment - Investing
In financial accounting, transactions are categorized into three main types: operating, financing, and investing activities. The matches provided correctly classify the given prompts into their respective categories.
1. Received from sales of services: This represents revenue generated from the core operations of the business, such as providing services to customers. It falls under operating activities as it relates to the primary revenue-generating activities of the company.
2. Received from issuing preferred shares: This refers to funds received by the company from issuing preferred shares to investors. It falls under financing activities as it involves raising capital through equity financing.
3. Payment to get land ready for use: This represents an expenditure made by the company to prepare land for its intended use. It falls under investing activities as it involves acquiring and improving assets that will benefit the company in the long term.
4. Sale of equipment: This refers to the proceeds received from the sale of equipment that was no longer needed by the company. It also falls under investing activities as it involves the disposal of a long-term asset.
By correctly matching these prompts to their respective categories, we can accurately classify the financial activities of the company.
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Question 3 2.5 pts A progressive tax is a tax that falls in percentage as income rises. True False Question 4 2.5 pts A budget deficit exists when the government spends less money than it takes in. True O False
Question 3:The given statement is false
Question 4: the given statement is False.
Question 3: A progressive tax is a tax that falls in percentage as income rises. The given statement is false. A progressive tax is a type of tax that rises in percentage as income rises. A progressive tax is considered to be a fair tax system as it helps in redistribution of wealth from rich to poor.
The progressive tax system helps in reducing inequality as wealthy people have to pay more taxes as compared to poor people. On the other hand, the regressive tax system is a type of tax system in which the rate of tax decreases as the income increases. It means that poor people have to pay more taxes as compared to wealthy people.
Question 4: A budget deficit exists when the government spends more money than it takes in. Therefore, the given statement is False. A budget deficit is a situation in which the government spends more money than it collects in taxes and other revenues. The government usually borrows money to fund the budget deficit.
A budget surplus, on the other hand, is a situation in which the government collects more money than it spends. It helps in reducing the national debt and also provides a cushion for future economic downturns. A balanced budget is a situation in which the government's spending equals its revenues.
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Which of the following contracts is most likely to be enforced by a court?
A. After drinking a beer, Brian orally agrees to roof Mary's house if she cuts his hair.
B. Kimberly orally agrees to purchase Suzie's blue Volkswagen convertible for $2700.
C. Under the threat of being fired, Tina agrees to purchase her employer's used coffee mug for $25.
D. Jason agrees in writing to paint Mrs. Smith's house for $500 when he has the time and feels up to the job.
The contract that is most likely to be enforced by a court is option D: Jason agrees in writing to paint Mrs. Smith's house for $500 when he has the time and feels up to the job.
In contract law, for a contract to be enforceable, certain elements need to be met, including offer, acceptance, consideration, and intention to create legal relations. Option D demonstrates these elements more effectively compared to the other options:
Option A: Brian and Mary's agreement lacks the element of consideration. It appears to be a casual exchange without any clear exchange of something of value (consideration) between the parties.
Option B: Kimberly and Suzie's agreement is an oral contract. While oral contracts can be enforceable, they can be challenging to prove in court without sufficient evidence or documentation.
Option C: Tina's agreement with her employer might be considered a contract under duress or coercion, which can invalidate the contract. Contracts made under threats or coercion are generally not enforceable.
Option D: Jason's agreement with Mrs. Smith is in writing, indicating a clear offer and acceptance. The consideration is the promise to paint the house, and the intention to create legal relations is evident. This written agreement provides a stronger basis for enforceability.
It's important to note that the enforceability of a contract can also depend on other factors such as statutory requirements, public policy considerations, and the specific circumstances of the case. Consulting with legal professionals is recommended for accurate assessment and advice in contract matters.
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Explain the way to simultaneously increase international
reserve from export, remittance, FDI inflows, and tourism!
Simultaneously increasing international reserves from exports, remittances, FDI inflows, and tourism can be achieved through various strategies such as diversification of export products and markets, attracting foreign direct investment, promoting tourism, and leveraging technology for efficient remittance inflows.
Here are the key strategies to simultaneously increase international reserves from these sources:
Diversification of export products and markets: By diversifying export products and exploring new markets, a country can expand its export earnings. This can be done by identifying potential products that have a competitive advantage and targeting countries with growing demand. Increasing export earnings directly contributes to international reserves.
Attracting foreign direct investment (FDI): Encouraging FDI inflows can significantly boost international reserves. Governments can create an investor-friendly environment by implementing business-friendly policies, providing tax incentives, improving infrastructure, and reducing bureaucratic hurdles. FDI brings in capital, technology, and expertise, which enhances productivity and export capabilities.
Promoting tourism: Tourism can be a major source of foreign exchange earnings. Countries can attract tourists by developing tourist-friendly infrastructure, promoting unique attractions, enhancing marketing efforts, and improving visa facilitation processes. Increased tourism inflows lead to higher spending by tourists, thereby boosting international reserves.
Leveraging technology for efficient remittance inflows: Remittances from overseas workers can be a significant source of international reserves. To enhance remittance inflows, countries can leverage technology by promoting digital payment systems, reducing transaction costs, and improving accessibility. Encouraging overseas workers to use formal channels for remittances helps capture a larger portion of these funds and adds to international reserves.
There are no specific calculations involved in understanding these strategies. However, it is important to monitor and track key indicators such as export earnings, FDI inflows, tourism receipts, and remittance flows to assess the effectiveness of these strategies in increasing international reserves.
Simultaneously increasing international reserves from exports, remittances, FDI inflows, and tourism requires a multi-faceted approach. Diversifying export products and markets, attracting FDI, promoting tourism, and leveraging technology for efficient remittance inflows are effective strategies to achieve this goal. Governments and policymakers should focus on implementing appropriate policies and initiatives to encourage and facilitate these inflows. By diversifying revenue streams and attracting investments and visitors, countries can bolster their international reserves, contributing to economic stability and growth.
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Das Spielzeug is a profit-maximizing firm producing puzzles, which it can produce and sell in its home country, Germany, and abroad in Russia. The average cost (AC) curve on the following graph repres
As the question mentions the terms profit-maximizing firm producing puzzles and the average cost (AC) curve on a graph, it is a problem related to microeconomics. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
Das Spielzeug is a profit-maximizing firm that produces puzzles. It can produce and sell puzzles in Germany and abroad in Russia. The graph of average cost (AC) represents the relationship between the average cost of producing puzzles and the level of output. The graph looks like this: The average cost (AC) curve is the U-shaped curve that slopes downwards initially and then upwards.
At first, the curve slopes downwards due to economies of scale, and then it slopes upwards due to diseconomies of scale. Therefore, the firm should produce puzzles at the level where its marginal cost equals its marginal revenue to maximize its profit. If the marginal cost is less than the marginal revenue, the firm can increase its profit by producing more puzzles, and if the marginal cost is more than the marginal revenue, the firm can increase its profit by producing fewer puzzles.
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30 23 20 15 20 Price MC ATC D 0 9 12 Quantity 15 MR a) What is the output and price where the firm's profit is maximum? What is the firm's economic profit? Show solution. b) Determine the deadweight loss for this market. What is the source of the deadweight loss in a monopoly? c) If government regulators where to ask the firm to charge a price and quantity that would be socially (or allocatively) efficient, what would these price and quantity be? At this output and price, what would happen to the consumer surplus, producer surplus and total surplus compared to the situation under monopoly. d) On the other hand, if a price ceiling of $17.50 is imposed by the government on the monopolist, estimate (based on the graph) the quantity that the monopolist will produce. In this case, does the price ceiling in a monopoly improve economic efficiency or not? Explain. e) Supposed that instead of a regular monopoly, the graph above pertains to a natural monopoly, what change must be made to the graph to depict a natural monopoly?
a) The output where the firm's profit is maximum can be found by equating the marginal cost and marginal revenue. From the given data, we have:
Price 30 23 20 15 20
Quantity 0 9 12 15
MR 30 23 20 15
MC - 12 9 15
ATC - 20.33 17.5 15
D 15
The firm's profit is maximum when its output is 9 units and price is $23. This is because at this output and price, the marginal cost is equal to marginal revenue, and the firm is earning maximum profit.
The firm's economic profit can be calculated as follows:
Total revenue = Price x Quantity = 23 x 9 = $207
Total cost = Average total cost x Quantity = 17.5 x 9 = $157.50
The deadweight loss for this market can be calculated by finding the difference between the social surplus (consumer surplus + producer surplus) at the allocatively efficient output and the monopoly output.
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short answer
7-Eleven, Inc. operates the world’s largest convenience store retailer franchise. In business for over eight decades, 7-Eleven has thousands of stores all over the world and boasts that it has an instantly
recognizable, world-famous trademark. Yet 7-Eleven says that it can provide prospective franchisees with the opportunity to own a true neighborhood business. 7-Eleven believes that its ordering system, POS scanning system, and other technologies enable franchisees to have customized product assortments that reflect the localized needs and preferences of customers. Thus, franchisees can always have the products customers want whenever they step into a local store. 7-Eleven also promises to prepare its franchisees for success by providing initial and ongoing training, financial assistance, payroll services, twice-a-week consulting services and other support.
Does 7-Eleven’s model live up to the statement often heard in franchising circles that: "Franchising lets you go into business for yourself but not by yourself?" Discuss.
7-Eleven, Inc. claims that it can provide prospective franchisees with an opportunity to own a true neighborhood business. According to 7-Eleven, its ordering system, POS scanning system, and other technologies enable franchisees to have customized product assortments that reflect the localized needs and preferences of customers.
Thus, franchisees can always have the products customers want whenever they step into a local store.7-Eleven, the world's largest convenience store franchise, believes that its franchise model is not only profitable but also provides its franchisees with the resources and support they need to thrive. In franchising circles, the phrase "Franchising lets you go into business for yourself but not by yourself" is often heard.
7-Eleven offers franchisees with the opportunity to be self-employed and own a small business while also providing them with the necessary resources and support to succeed. The franchise model includes providing initial and ongoing training, financial assistance, payroll services, twice-a-week consulting services, and other support. Therefore, 7-Eleven's model lives up to the statement that "Franchising lets you go into business for yourself but not by yourself."
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Kober Company is in the business of manufacturing electrical fans. Kober's costing system provides the following costs for a new model of fan if it is produced with excess capacity that is currently available. Direct material $20 30 Direct labour 20 Manufacturing overhead - cost pool A Manufacturing overhead-cost pool B 40 $110 An alternative means of production for the new model of fan is a computer integrated manufacturing (CIM) system. A CIM system would require a current investment of $20 million, an investment of $15 million in 3 years' time and a further investment of $10 million in 5 g time. The total CIM investment could be sold for $4 million at the end of the new fan's life which is expected to be 10 years Following are projected costs for the new model of fan if it is produced with the CIM system. Direct material $20 Direct labour 10 Manufacturing overhead-cost pool C 15 Manufacturing overhead - cost pool D 25 Total cost per fan $70 Kober Company expects to sell each fan for $250 and estimates annual sales demand of 10,000 units. REQUIRED: Calculate the present value of the capital expenditures required to allow Kober to use CIM for production of the fan. (b) Calculate the present value of the production cost savings from CIM for production of the fan. A recommendation to Kober and a discussion of any assumptions used in your analysis
(a) Calculation of present value of capital expenditures required to allow Kober to use CIM for production of the fan
1) Initial investment $20 million
2) Investment after 3 years $15 million
3) Investment after 5 years $10 million
4) Present value of total CIM investment= PV of $20 million + PV of $15 million + PV of $10 million + Present salvage value of the CIM investmentPV of $20 million= $20 million x 0.6209 = $12.418 million (at 10%)PV of $15 million= $15 million x 0.7441 = $11.1615 million (at 10%)PV of $10 million= $10 million x 0.6209 = $6.209 million (at 10%)Present salvage value of the CIM investment= $4 million x 0.386 = $1.544 million (at 10%)
Therefore, present value of total CIM investment= $12.418 million + $11.1615 million + $6.209 million + $1.544 million= $31.3325 millionHence, the present value of the capital expenditures required to allow Kober to use CIM for the production of the fan is $31.3325 million.
(b) Calculation of present value of the production cost savings from CIM for production of the fan projected production cost per fan with CIM system= $70Kober expects to sell each fan for $250 and it estimates an annual sales demand of 10,000 units. Therefore, the total revenue from sales= $250 x 10,000 units= $2.5 million
Presently, the cost of production (without CIM system)= Direct material + Direct labour + Manufacturing overhead cost pool A + Manufacturing overhead cost pool B= $20 + $20 + $40 + $30= $110 per fan.
Therefore, the present value of the production cost savings from CIM for production of the fan= (Production cost per fan without CIM system - Production cost per fan with CIM system) x Quantity of sales x PV factor at 10%+ (Investment in CIM system - Salvage value of the CIM system) x PV factor at 10%Per fan production cost savings= $110 - $70= $40Quantity of sales= 10,000 units per year over 10 years, the PV factor at 10% is 6.145
Present value of the production cost savings from CIM for production of the fan= ($40 x 10,000 x 6.145) + ($31.3325 million - $1.544 million) x 0.386= $2.458 million + $11.696 million= $14.154 millionTherefore, the present value of the production cost savings from CIM for production of the fan is $14.154 million.
A recommendation to Kober: The present value of the production cost savings from CIM for the production of the fan is greater than the present value of the capital expenditures required to allow Kober to use CIM for the production of the fan.
Therefore, Kober should invest in CIM to produce a new model of fan. Assumptions used in the analysis:
1) Annual demand is constant for 10 years
2) There is no change in the selling price for the next 10 years
3) The CIM system will be sold at the end of the new fan's life for $4 million.
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How much is $225 to be received in exactly one year worth to you today if the interest rate is 15%?
To calculate how much $225 to be received in exactly one year is worth today if the interest rate is 15%, we can use the present value formula.
The present value formula, also known as the discounted cash flow (DCF) formula, is used in finance to calculate the current value of a future cash flow or a series of future cash flows. It takes into account the time value of money, which states that a dollar received in the future is worth less than a dollar received today due to factors like inflation and the opportunity cost of capital.
Present value formula: Present value = Future value / (1 + r)n, where r is the interest rate and n is the number of periods in years.
To apply this formula to the problem, we have:$225 = Future value / (1 + 0.15)¹Present value = Future value / (1 + r)n
Present value = $225 / (1 + 0.15)¹Present value = $195.65. Therefore, $225 to be received in exactly one year is worth $195.65 today if the interest rate is 15%.
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Understand WIP, FG, MOH, etc. Answer the following questions: 1. At August 31, Work-in-Process totals $10,000 including $6,000 of Manufacturing Overhead. Manufacturing Overhead is applied at the rate of 200% of Direct Labor. How much direct material is included in Work-in-Process at August 31? 2. . You know the following Information: Cost of Goods Manufactured = $320,000 DM Used in Production = $73,800 Manufacturing Overhead is 70% of Direct Labor Cost Work-in-Process, Beginning = $109,300 Work-in-process, Ending = $104,300 What was total Direct Labor?
Manufacturing Overhead = 70% of Direct Labor Cost0.7 DL = MOHDL = MOH / 0.7 = 315000/0.7 = $450,000 Therefore, total Direct Labor = $450,000.
1. Given, Work-in-Process totals $10,000 including $6,000 of Manufacturing Overhead. Manufacturing Overhead is applied at the rate of 200% of Direct Labor.Therefore, Direct Labor cost= Manufacturing Overhead *100/200 = 6000*100/200 = $3,000.
On August 31, Work-in-Process totals $10,000. Let direct materials included in WIP on August 31 be DM.Direct Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing CostsDM + 3000 + 6000 = 10000DM = 10000 - 3000 - 6000 = $1,000. Direct material included in Work-in-Process on August 31 is $1,000.2. Given:
Cost of Goods Manufactured = $320,000DM Used in Production = $73,800Manufacturing Overhead is 70% of Direct Labor CostWork-in-Process, Beginning = $109,300Work-in-process, Ending = $104,300We know that,
Direct Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing CostsDirect materials used in production= DM used + Beginning WIP - Ending WIPDirect materials used in production
= 73,800 + 109,300 - 104,300 = $78,800
Total Manufacturing Cost = Cost of Goods Manufactured + Ending WIP - Beginning WIP
320,000 + 104,300 - 109,300 = $315,000
Manufacturing Overhead is 70% of Direct Labor Cost,
So, Manufacturing Overhead = 70% of Direct Labor Cost0.7 DL = MOHDL = MOH / 0.7 = 315000/0.7 = $450,000Therefore, total Direct Labor = $450,000.
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Suppose the total cost of producing T-shirts can be represented as TC = 90 + 3q. The marginal cost of the 14th T-shirt is
The marginal cost of the 14th T-shirt is simply the derivative of the constant term, which is zero.
To find the marginal cost of the 14th T-shirt, we need to calculate the derivative of the total cost (TC) function with respect to quantity (q).
Given:
TC = 90 + 3q
To find the marginal cost, we take the derivative of TC with respect to q:
MC = dTC/dq
Taking the derivative of TC with respect to q:
MC = d(90 + 3q)/dq
The derivative of a constant (90) with respect to q is zero, and the derivative of 3q with respect to q is 3.
Therefore, the marginal cost of the 14th T-shirt is simply the derivative of the constant term, which is zero.
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Research Paper - Weightage - 14 % of total grade The main goal for this assignment is that students gain an in-depth understanding about an emerging topic in Marketing. Each student will conduct in-depth research on the topic and write the research paper. The topic for research is: Marketing in the age of Data Analytics and Artificial Intelligence This assignment is worth 14 % of your final grade. Due Date – 15 th May 2022 Please note that theme has been provided. It is not a topic. You can consider a specific marketing problem under this broad theme. Important Suggestions: 1) This is a very broad theme. It is important that you select a narrow area of research under this broad theme for better output. 2) Please review resource links provided below to help you understand how to write research papers. Link 2 is particularly useful guide. Instructions: 1) You may consider organizing the research paper as follows: • Introduction • Relevance of the topic • Objective of the Research/ Research Questions • Discussion (organize in appropriate sub sections) • Conclusions 2) The suggested word limit is 1800-2500 words. 3) Must use external academic (these include research journals; consider using your library) and relevant non-academic references. Provide in-text citations and should provide references in APA format.
Research Paper - Weightage - 14% of total grade
The main goal of this assignment is for students to develop a comprehensive understanding of an emerging topic in Marketing.
Students are required to conduct in-depth research on the topic of "Marketing in the age of Data Analytics and Artificial Intelligence" and write a research paper. This assignment holds a weightage of 14% towards the final grade and is due on 15th May 2022.
Important Suggestions:
Given that the theme is quite broad, it is crucial to narrow down the research to a specific area within this broad theme for better results.
Review the provided resource links, particularly Link 2, which offers a useful guide on how to write research papers.
Instructions:
Organize the research paper in the following structure:
Introduction
Relevance of the topic
Objective of the research/research questions
Discussion (organize into appropriate subsections)
Conclusions
The suggested word limit for the research paper is 1800-2500 words.
It is mandatory to use external academic sources (such as research journals, utilizing the library resources) as well as relevant non-academic references. In-text citations should be included, and all references should follow APA format.
By following these guidelines, students can delve into the selected area of research within the topic of Marketing in the age of Data Analytics and Artificial Intelligence, demonstrate their understanding, and present a well-structured and supported research paper.
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According to logic of supply and demand, the direction of the price change from last year to now (your answer in the last question) suggests there has been a of homes on the market, and there have been more than lately. Which of the following options correctly fills in the planks a. Shortage / buyers / sellers b. Surplus / buyers / sellers C. Surplus / sellers / buyers d. Shortage / sellers / buyers
The answer to the question is: d. Shortage / sellers / buyersThe price change direction from last year to now suggests that there has been a shortage of homes on the market, and there have been more sellers than buyers lately.
The logic of supply and demand helps to explain the movements in the prices of goods and services. In this case, the demand for homes is relatively high compared to the supply; as a result, the price of the houses increases. The converse is also accurate; when the supply of the homes is relatively higher than the demand, the price of the homes decreases. A shortage of homes, on the other hand, implies that there are more sellers than buyers on the market.
This means that potential buyers are eager to purchase homes, while there are relatively few homes available to meet the demand.
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Question 4 (1 point) ✓ Saved Relevant pricing information for the short-run and long-run should be the same. True False Question 6 (1 point) ✓ Saved Target pricing is based on full manufacturing cost. full product cost. what customers are willing to pay. engineered cost. variable manufacturing and nonmanufacturing costs. Question 7 (1 point) Saved All costs are relevant in short-run pricing decisions. True False Peak-load pricing focuses on direct costs when setting prices for peak and nonpeak periods. True False
1. Relevant pricing information for the short-run and long-run should be the same: False
2. Target pricing is based on: what customers are willing to pay.
1. Relevant pricing information for the short-run and long-run should be the same: False
In pricing decisions, it is important to consider the time horizon and the factors that affect costs and demand. Short-run and long-run pricing decisions can differ significantly due to various factors such as fixed costs, variable costs, market conditions, competition, and customer preferences. Short-run pricing decisions are typically focused on covering variable costs and maximizing short-term profitability, while long-run pricing decisions consider fixed costs, market growth, sustainability, and the overall profitability and competitiveness of the business. Therefore, relevant pricing information for the short-run and long-run may differ.
2. Target pricing is based on what customers are willing to pay.
Target pricing is a pricing strategy that involves setting the price of a product or service based on what customers are willing to pay. It takes into account the perceived value of the product or service, customer preferences, and the competitive market. By identifying the price range that customers are willing to pay, companies can set their target price accordingly. Target pricing aims to align the price with the value perceived by customers and to achieve desired sales volumes and profit margins. It requires understanding customer behavior, conducting market research, and considering factors such as product differentiation, brand positioning, and customer affordability. Target pricing helps companies establish competitive prices that attract customers while maximizing their own profitability.
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Grootfontein Textile Limited is a highly mechanised business manufacturing various fabrics. The following information related to the reporting period ended 31 March 2019.
N$
Direct manufacturing wages 240 000
Indirect manufacturing wages 89 000
Administration salaries 36 000
Raw materials (1 April 2018) 6 800
Raw material purchases 500 000
Raw materials (31 March 2019) 5 400
Raw material returns 1 200
Inventory of finished fabric (1 April 2018) 198 000
Inventory of finished fabric (31 March 2019) 191 400
Carriage on raw materials purchases 1 200
Plant and machinery at cost 360 000
Accumulated depreciation on plant and machinery 30 000
Factory power 4 200
Fire insurance 10 000
Supervisor's salary 25 000
Repairs and maintenance of machinery 6 000
Selling and administration expenses 36 000
Work-in-progress (1 April 2018) 5 150
Work-in-progress (31 March 2019) 5 550
Additional information:
(1). Depreciate plant and machinery at 5% p.a. on cost. Plant and machinery is used exclusively in the factory.
(ii). The supervisor spends 80% of his time supervising production and the remainder in administration.
(iii). Three quarters of fire insurance premiums paid relates to the factory.
(iv). Royalty fee for use of fabric design is charged at 20% of fabric produced. The design is patented and licensed to a South African company, it is considered a direct expense.
(v). The total for wages in the trial balance was understated by N$ 15 000.
(vi). Finished goods are transferred to sales department at cost of manufacturing plus 20%. (vii). An amount of N$ 1 500 for repairs of the factory machinery was wrongly debited to the selling administration expenses.
(viii). The fabric produced for the period ended 31 March 2019 was 90 000 metres.
YOU ARE REQUIRED TO:
1. Prepare the manufacturing statement of goods manufactured for the year ended 31 March 2019.
2. Calculate the allowance for unrealised profit in closing finished goods as at 31 March 2019.
3. Prepare the statement of financial position showing current assets section only.
Manufacturing Statement of Goods Manufactured for the year ended 31 March 2019:
Direct Manufacturing Wages N$240,000
Indirect Manufacturing Wages N$89,000
Factory Power N$4,200
Repairs and Maintenance of Machinery N$6,000
Depreciation on Plant and Machinery N$15,000
Total Manufacturing Costs N$354,200
Add: Opening Work-in-Progress (1 April 2018) N$5,150
Less: Closing Work-in-Progress (31 March 2019) N$5,550
Cost of Goods Manufactured N$353,800
Calculation of Allowance for Unrealized Profit in Closing Finished Goods as at 31 March 2019:
The allowance for unrealized profit in closing finished goods can be calculated by multiplying the cost of manufacturing by the profit percentage.
Cost of Manufacturing: N$353,800
Profit Percentage: 20% (as finished goods are transferred to sales at cost of manufacturing plus 20%)
Allowance for Unrealized Profit = Cost of Manufacturing * Profit Percentage
Allowance for Unrealized Profit = N$353,800 * 20% = N$70,760
Statement of Financial Position (Current Assets Section) as at 31 March 2019:
Current Assets:
Raw Materials (31 March 2019) N$5,400
Inventory of Finished Fabric (31 March 2019) N$191,400
Work-in-Progress (31 March 2019) N$5,550
Total Current Assets N$202,350
The current assets section of the statement of financial position includes the values of raw materials, inventory of finished fabric, and work-in-progress as of 31 March 2019. These assets represent the resources that are expected to be converted into cash or used in the production process in the near term. The total current assets amount to N$202,350.
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Technology:
O Labour market whose distinct segments function as separate labour markets with limited mobility of workers from one segment to the other (including for reasons of racial, language, or other forms of discrimination).
O A group of people who, because of their differing endowments engage in asymmetric economic interactions with members of other groups, for example as owners and employees, landlords and tenants, borrowers and lenders.
O The laws and social customs governing the process of production and distribution (who gets what) of goods and services, and how these change over time
O A process taking a set of materials and other inputs, including the work of people and machines, to produce an output.
The first description refers to segmented labor markets, where different segments operate as separate labor markets with limited mobility of workers between them. This can be due to factors such as discrimination based on race, language, or other characteristics. In segmented labor markets, individuals may face different opportunities and barriers based on the segment they belong to.
The second description pertains to economic interactions between groups with differing endowments. This can include various relationships such as employer-employee, landlord-tenant, or borrower-lender interactions. Asymmetric economic interactions occur when one group has more power or advantages over the other, leading to imbalances in the outcomes of these interactions.
The third description relates to the economic system's framework, including laws and social customs that govern the production and distribution of goods and services. These rules and customs determine how resources are allocated, who receives what, and how this distribution changes over time. This aspect encompasses the broader socio-economic structure and its impact on economic activities.
The fourth description refers to the process of production, where inputs such as materials, labor, and machinery are utilized to create outputs. This process involves transforming inputs into goods or services through various production methods and techniques. It highlights the physical aspect of converting inputs into valuable outputs.
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Question 5 1 pts In perfect competition there are no barriers to entry for firms. Which of the following would be a low barrier to entry? fixed costs of production are relatively low. profits in the marketplace must be zero. marginal revenues from selling goods are relatively high. it is difficult to obtain resources to produce the product. Question 6 1 pts What does price equal to marginal revenue imply in perfect competition? there must be decreasing marginal costs of production. O firms in the market are price-takers many firms must have exited the market. Othere are high fixed costs of producing the product. Question 7 1 pts In a perfectly competitive market if the price is $50, the average total cost is $60 and the average variable cost is $55 then assuming conditions remain the same, firms will shut-down in the short-run and exit in the long-run. not shut-down in the short-run and exit in the long-run. shut-down in the short-run but not exit in the long-run. not shut-down in the short-run nor exit in the long-run. Question 8 1 pts In a perfectly competitive market if the total revenue is $100 and the total variable costs are $120, assuming conditions remain the same, firms will shut-down in the short-run and exit in the long-run. O not shut-down in the short-run and exit in the long-run. not shut-down in the short-run nor exit in the long-run. shut-down in the short-run but not exit in the long-run. Question 9 1 pts In a perfectly competitive market the total revenue is $500, the total variable costs are $450 and the total fixed costs are $100. Assuming conditions remain the same, firms will o not shut-down in the short-run nor exit in the long-run. O shut-down in the short-run but not exit in the long-run. not shut-down in the short-run and exit in the long-run. shut-down in the short-run and exit in the long-run. Question 10 1 pts In a perfectly competitive market if the quantity produced by a firm is less than the optimal amount then o marginal cost is less than marginal revenue. O marginal cost and marginal revenue are undefined. O marginal cost equals marginal revenue. o marginal cost is greater than marginal revenue. Question 11 1 pts When marginal cost is greater than marginal revenue in a perfectly competitive market, then reducing production levels will increase profit. increasing production levels will increase profit. there is nothing we can say about how changing production affects profit. changing production levels will decrease profit. Question 12 1 pts When marginal cost equals marginal revenue in a perfectly competitive market then increasing production will decrease total costs. decreasing production will increase total variable costs. decreasing production will increase total revenue. o increasing production will decrease profit. Question 13 1 pts Suppose a perfectly competitive market is in equilibrium and supply of the product increases in the long-run some firms will enter the market. O in the short-run some firms will exit the market. O in the long-run some firms will exit the market. in the short-run some firms will have positive profit. Question 14 1 pts Suppose a perfectly competitive market is in equilibrium and demand for the product increases in the long-run firms will have negative profit. in the short-run firms will have negative profit. in the long-run firms will have positive profit. in the short-run firms will have positive profit. Question 15 1 pts Suppose a perfectly competitive market is in equilibrium and demand for the product decreases in the long-run some firms will exit and profit will eventually be positive. in the long-run some firms will enter and profit will eventually be positive. in the long-run some firms will enter and profit will eventually be zero. in the long-run some firms will exit and profit will eventually be zero.
In perfect competition there are no barriers to entry for firms. Which of the following would be a low barrier to entry?Fixed costs of production are relatively low is the answer to the question.
What does price equal to marginal revenue imply in perfect competition? the average total cost is $60 and the average variable cost is $55 then assuming conditions remain the same, firms will shut-down in the short-run and exit in the long-In a perfectly competitive market if the total revenue is $100 and the total variable costs are $120, assuming conditions remain the same,
n a perfectly competitive market the total revenue is $500, the total variable costs are $450 and the total fixed costs are $100. Assuming conditions remain the same, firms will not shut-down in the short-run nor exit in the long-run.
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Bonita noticed that her group members responded very well to few words of praise from her. Although she viewed this simply as part of her personal management style, the positive effect on her group can be explained by the importance her group gave to Competitive workplace culture Bonus Intrinsic motivation Extrinsic motivation
The positive effect observed by Bonita, where her group members responded well to few words of praise, can be attributed to the significance her group gave to intrinsic motivation.
Intrinsic motivation refers to the internal drive and enjoyment individuals experience when engaging in a task or activity for its own sake, rather than for external rewards or incentives. When Bonita provided praise, it likely tapped into her group members' intrinsic motivation by acknowledging their efforts, skills, and achievements. This recognition and validation from a leader can boost individuals' sense of competence, autonomy, and relatedness, which are essential psychological needs for intrinsic motivation.
While competitive workplace culture, bonuses, and extrinsic motivation can also impact employee behavior and performance, they may not fully explain the positive effect observed in Bonita's case. Competitive workplace culture emphasizes achieving goals and outperforming others, and while it can drive performance, it may not necessarily foster the same level of satisfaction and engagement as intrinsic motivation. Bonuses and other forms of extrinsic motivation, such as rewards or incentives, typically rely on external factors to motivate behavior, whereas Bonita's praise appealed more to the internal motivations and personal satisfaction of her group members.
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Tom & Jerry Company decided to enter into toys manufacturing market and its early move will guarantee the company a long term _: [CLO 2, CLO 3, CLO 4]
• A/ Market Uncertainty
® B/ Brand and reputation
© C/ Free rider effect
© D/ Technological uncertainty
The early move by Tom & Jerry Company into the toys manufacturing market guarantees the company a long-term advantage due to market uncertainty. The correct option is option A.
The correct answer is A/ Market Uncertainty. When Tom & Jerry Company enters the toys manufacturing market early, it gains a competitive advantage by exploiting market uncertainty.
Market uncertainty refers to the lack of clear information or predictability about market dynamics, customer preferences, and competitors' actions. By being an early mover, Tom & Jerry Company can shape the market and establish itself as a leader, creating barriers to entry for potential competitors.
Being the first in the market allows Tom & Jerry Company to establish its brand and reputation, gain customer loyalty, and capture a significant market share. It can set the industry standards, develop strong distribution networks, and build relationships with suppliers and retailers.
Moreover, being an early mover helps Tom & Jerry Company to accumulate knowledge and experience, allowing it to refine its products and processes, and stay ahead of competitors.
Additionally, the early move advantage helps Tom & Jerry Company to mitigate the free rider effect. The free rider effect occurs when other companies benefit from the investments and efforts made by the early mover without incurring the same costs.
By establishing itself early, Tom & Jerry Company can create unique product features, secure patents or copyrights, and establish exclusive partnerships, making it difficult for competitors to imitate or replicate its success.
Technological uncertainty, on the other hand, refers to the lack of clarity about the direction and pace of technological advancements. While technological advancements can be an important factor in the long-term success of a company, it is not the primary reason why early moves guarantee a long-term advantage in the market.
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To whom does human rights legislation apply?
a.
full-time, salaried employees
b.
managers
c.
individuals who are discriminated against
d.
all individuals
Human rights legislation applies to all individuals.
Human rights legislation is a legal framework that protects and promotes the fundamental rights and freedoms of individuals. It applies to all individuals, regardless of their employment status, position, or role within an organization. Option (d) correctly states that human rights legislation applies to all individuals.
Human rights legislation aims to ensure equal treatment, prohibit discrimination, and safeguard the rights of individuals in various aspects of life, including employment, housing, education, and access to services. It protects individuals from discrimination based on attributes such as race, gender, age, disability, religion and other protected characteristics. This means that both employees and non-employees, such as job applicants, contractors, and customers, are protected by human rights legislation. Organizations and individuals have a legal obligation to respect and uphold the human rights of all individuals, and failure to comply with human rights laws can lead to legal consequences and remedies for victims of discrimination or human rights violations.
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You are a state senator and have three new tax increase proposals to consider designed to raise tax revenues -- a tax of $1 on gasoline; a tax of $1 on a pack of cigarettes; a tax of $1 on hamburgers. a. Which one would you estimate the price elasticity coefficient to be .1? Which one to be .5? or 3.0? Why? b. Describe what impact each proposal would have on consumers, the companies in the industry, and overall tax revenues? c. Which taxes would you recommend to increase? Why?
Estimating the price elasticity coefficient for each tax increase proposal requires considering the responsiveness of demand to changes in price. A price elasticity coefficient of 0.1 indicates an inelastic demand, meaning that the quantity demanded is not very sensitive to price changes
A tax with this elasticity would likely be imposed on a necessity or a product for which consumers have limited alternatives. In this case, the tax on gasoline may have an elasticity of 0.1 as it is a necessary transportation fuel with limited substitutes.
A price elasticity coefficient of 0.5 indicates a relatively elastic demand, implying that consumers are more responsive to price changes. A tax with this elasticity would likely be imposed on a product with more substitutes or alternatives. The tax on hamburgers may have an elasticity of 0.5 as consumers have various choices when it comes to food options.
A price elasticity coefficient of 3.0 represents highly elastic demand, suggesting that consumers are very responsive to price changes. A tax with this elasticity would likely be imposed on products with many substitutes or alternatives readily available. The tax on cigarettes may have an elasticity of 3.0 as there are numerous options for smokers to switch to other tobacco products or quit smoking altogether.
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Peter made sure to follow all the internal policies of his department when he completed client audits. However, he noticed that some co-workers skipped certain policies in their assessments. Peter felt strongly that policies should be followed and if anyone had a problem with a policy, they should bring it up for discussion and not simply ignore it. Peter is motivated by a sense of Felt negative inequity Distributive justice Procedural justice Felt positive equity
Peter felt strongly that policies should be followed and if anyone had a problem with a policy, they should bring it up for discussion and not simply ignore it.
Peter is motivated by a sense of procedural justice. This concept has two primary components: consistency and due process.
However, when internal procedures are established to guide organizational activities, procedural justice comes into play. This is to guarantee that everyone is treated fairly and consistently. Employees feel positive about procedural justice when they believe that the rules are fair, objective, and unbiased.
Furthermore, they are more willing to accept unfavorable decisions if they believe the procedures leading up to those decisions were impartial and objective.
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Number of Questions: 10 1. What are the two main types of software? Which of these two types of software is important to a knowledge worker? Why? 2. Which type of computer would you recommend for a small startup company that is trying to get the most value for their money? 3. A company is expanding quickly and is trying to compete in the North American market so they will need a computer system that can handle the processing requests for hundreds of their workers. Which type of computer would you recommend they buy? 4. A startup industrial design company is needing to buy software to help them design their machinery. What category of software do they need? 5. The owner of a Vancouver company has finally decided to use information technology in their business. The owner hires you to advise him on what he needs to buy. You recommend a computer system and then you explain to him that he will need to buy system software. The owner has no idea what system software is so you will need to briefly describe it to him. 6. At the beginning of my ELM A Lecture Notes on MyCC there is a demonstration called How a Computer Works, In each step the diagram changes to show how the computer Homework Assignment #2 Fall 2022 Extended Learning Module A (ELM A) - Hardware and Software Number of C 15: 10 1. What are the two main types of software? Which of these two types of software is important to a knowledge worker? Why? 2. Which type of computer would you recommend for a smail startup company that is trying to get the most value for their money? 3. A company is expanding quickly and is trying to compete in the North American market so they will need a computer system that can handle the processing requests for hundreds of their workers. Which type of computer would you recommend they buy? 4. A startup industrial design company is needing to buy software to help them design their machinery. What category of software do they need? 5. The owner of a Vancouver company has finally decided to use information technology in their business. The owner hires you to advise him on what he needs to buy. You recommend a computer system and then you explain to him that he will need to buy system software. The owner has no idea what system software is so you will need to briefly describe it to him. 6. At the beginning of my ELM A Lecture Notes on MyCC there is a demonstration called How a Computer Works. In each step the diagram changes to show how the computer
1. The two main types of software are system software and application software. Application software is important to a knowledge worker as it is designed to help users perform specific tasks such as creating documents, spreadsheets, presentations, and databases.
2. For a small startup company that is trying to get the most value for their money, a desktop computer or a laptop computer would be recommended. Desktop computers are typically less expensive than laptops, but laptops offer more mobility and flexibility.3. For a company that is expanding quickly and is trying to compete in the North American market, a mainframe computer would be recommended as it can handle the processing requests for hundreds of workers.4. A startup industrial design company that is needing to buy software to help them design their machinery would need computer-aided design (CAD) software.5. System software is software that is designed to manage and control the computer hardware and to provide a platform for running application software. It includes operating systems, device drivers, and utility software. The owner of the Vancouver company would need to buy system software to ensure that their computer system runs smoothly and efficiently.6. The demonstration called "How a Computer Works" shows how the computer processes data by using input devices to enter data, processing devices to process data, output devices to display or print data, and storage devices to store data. The demonstration also shows how the computer uses software to perform tasks and communicate with other computers and devices.
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1. The two main types of software are application software and system software. Of these two types of software, system software is important to a knowledge worker because it is responsible for managing and controlling the computer hardware and providing a platform for running application software.
2. For a small startup company trying to get the most value for their money, a desktop computer is recommended. This is because desktop computers are generally less expensive than laptops, have larger screens, and can be easily upgraded.
3. For a company that is expanding quickly and needs a computer system that can handle processing requests for hundreds of their workers, a mainframe computer is recommended. This is because mainframe computers have the ability to process large volumes of data and can handle multiple users simultaneously.
4. For a startup industrial design company needing to buy software to help them design their machinery, they need Computer-Aided Design (CAD) software. This is software used for designing products, including industrial machinery.
5. System software is software that is responsible for managing and controlling the computer hardware and providing a platform for running application software. Examples of system software include operating systems, device drivers, and utility programs. When recommending a computer system to a Vancouver company owner who has decided to use information technology in their business, it is important to explain that they will need to purchase system software to ensure the computer system runs smoothly.
6. The demonstration called How a Computer Works at the beginning of the ELM A Lecture Notes on My CC shows how a computer works by breaking down the process into individual steps. The diagram changes at each step to show how the computer is processing data.
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Solving for dominant strategies and the Nash equilibrium Suppose Paolo and Sharon are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Paolo chooses Right and Sharon chooses Right, Paolo will receive a payoff of 9 and Sharon will receive a payoff of 8. Paolo Average/2 Left Right Sharon Left 8,5 3,6 Right 8,7 9,8 The only dominant strategy in this game is for to choose The outcome reflecting the unique Nash equilibrium in this game is as follows: Paolo chooses and Sharon chooses
Solving for dominant strategies and the Nash equilibrium The given pay off matrix is:Paolo Average/2 Left Right Sharon Left 8,5 3,6 Right 8,7 9,8The dominant strategy is one that provides the highest payoff for a player regardless of the opponent’s choice.
It means the strategy is better than or at least as good as any other strategy regardless of what the other player does.The only dominant strategy in this game is for Sharon to choose right.The Nash equilibrium is the outcome in which neither player has an incentive to change his or her strategy given what the other is doing. The Nash equilibrium is reached when both players have chosen a strategy, and neither player has anything to gain by changing only their own strategy.The outcome reflecting the unique Nash equilibrium in this game is as follows:Paolo chooses right and Sharon chooses right. So, the long answer isSharon has a dominant strategy of choosing right. She will earn a pay off of 8 if Paolo chooses left, and 9 if Paolo chooses right.
Therefore, Sharon will choose right regardless of what Paolo does. If Paolo chooses left, he will earn a pay off of 5 if Sharon chooses left, and 6 if Sharon chooses right. If Paolo chooses right, he will earn a pay off of 7 if Sharon chooses left, and 8 if Sharon chooses right. Therefore, Paolo will choose right as it gives him the highest pay off of 8. As a result, the unique Nash equilibrium in this game is when Paolo chooses right and Sharon chooses right.
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