The management function that involves creating a vision for the organization, communicating it to others, and motivating them to achieve goals is leading.
Leading can be described as one of the primary important functions of management.
A leader is a person who can effectively form a set of goals or objectives of a company. He knows how to communicate with the employees and express the goals to the employees. A leader with a leading quality will also be able to motivate the employees to work harder in order to achieve the set goals.
Leading quality also includes the ability to assess the functioning of the departments of the company and to organize the workflow of the employees.
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a decrease in accumulated depreciation is most likely to result from: a) selling or disposing of a long-lived asset. b) increasing the salvage value of a long-lived asset. c) decreasing the estimated useful life of a long-lived asset.
The cumulative depreciation of an asset up to a single point in its life is known as accumulated depreciation.As a counter asset account, accumulated depreciation's natural balance is a credit that lowers the asset's total value.
According to generally accepted accounting principles (GAAP), the matching principle requires that expenses be allocated to the same accounting period during which the relevant revenue is realized.
A business will deduct a portion of an asset's value through depreciation over the course of each year of its useful life.This means that the expense related to using up the asset is reported every year it is put to use and generates income.
The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation.The beginning cumulative depreciation balance is increased with each period's depreciation expense.
In the balance sheet, an asset's carrying value is determined by subtracting its accumulated depreciation from its historical cost.An asset's carrying value on the balance sheet will correspond to its salvage value at the end of its useful life.
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what is the best technique for revealing the different market or competitive position that rival firms occupy in the industry? strategic group mapping pestel analysis five forces framework the value net framework competitor analysis
Competitors are the businesses in the market that produce similar goods to other businesses.It gives the customer a choice of various quality and price ranges.Domino's and Pizza Hut, which both make pizza, are competitors.
How can the various markets be revealed most effectively?
Strategic group mapping is the most effective method for revealing competitors' market positions.
What is the method for analyzing competitors?
Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis This framework can be used to analyze your rivals as well as to comprehend external and internal factors affecting your business.
Which structure assists with figuring out the business contention?
A model or tool that marketing professionals can use to compare their business plan or marketing strategy to that of their competitors is called a competitive analysis framework.A marketing competitive analysis's visual structure can be created using this model.
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What is the most likely explanation for Sarah maintaining a log of each time she spends or receives money?
The most likely explanation for Sarah maintaining a log of each time she spends or receives money is: D. preparing a budget to review her expenses.
What is a budget?In Economics, a budget can be defined as a financial plan that is typically used for the estimation of revenue and expenditures (expenses) of an individual, business organization or government in the form of money, especially for a specified period of time, often one year.
In this context, we can reasonably infer and logically deduce that Sarah is keeping a record of the money she either receives or spends in order to enable her prepare a budget with respect to reviewing her daily expenses.
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Complete Question:
What is the most likely explanation for Sarah maintaining a log of each time she spends or receives money?
A. making a note each time she receives money so that she does not forget where it came from
B. making a note of each expense so that she does not repeat purchases
C. preparing a report for her bank on how she spends money
D. preparing a budget to review her expenses
why are consumers more likely to pay to download some digital content, like music and books, and less likely to pay for other content, like sports and news?
Spending money to obtain digital content like music or novels is typically more cost-effective over time than news or sports information.
Since the beginning of time, books and music have not only served as a means of disseminating knowledge but have also provided an escape from the monotony of everyday work. However, the world is changing quickly these days, and the internet has a crucial role to play in the contemporary tech-based period. The Covid-19 pandemic encouraged us to spend more time online.
We rely on digital content for everything from our careers to getting away from work. The only area we have to flee during this pandemic moment when we are unable to move around freely is the virtual realm. According to the most recent figures, customers are more inclined to pay for the download of music and books than for sports or news.
Being in the quarantine had a significant negative impact on our mental health, which may be one of the main causes of that, according to the pandemic effect. Many people find that listening to music helps them relax. We may generally improve our language skills and use creative thinking by listening to music and reading literature. While sports-related information is more likely to motivate us to go out and urge us to live a healthy and active lifestyle, news enables us to stay informed about the state of the world. However, the current circumstance tempers this feeling of anticipation. Additionally, music and books can both be listened to repeatedly.
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a stock with a negative beta question 2 options: has an expected return lower than the market return. has an expected return that is negative. has an expected return that is lower than the risk-free rate. does not exist; all stocks must have positive beta.
A stock with a negative beta question has an expected return that is lower than the risk-free rate.
What is the risk free rate ?The expected return is less than the risk-free rate when the covariance is negative, the beta is negative, and the covariance is negative. Because it lowers overall portfolio risk when added to a well-diversified portfolio, a negative-beta asset requires an unusually low expected return.
An investment with a negative beta is one whose price tends to rise when the general market price declines and vice versa.
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what is the most likely consequence of emphasizing internal job evaluations? multiple choice sales will increase. salespeople will be paid below the market rate. the status quo will be maintained. salespeople will look for new jobs with competitors. a hiring freeze will go into effect immediately.
The most likely consequence of emphasizing internal job evaluations is Salespeople will be paid below the market rate if they are brought in line with logistics.
Job evaluation is the systematic technique of determining the relative fee of different jobs in an agency. The goal of process assessment is to evaluate jobs with every different with a purpose to create a pay shape this is truthful, equitable, and regular for everyone.
A job evaluation is a systematic way of determining the price/well worth of a process with regards to different jobs in an organisation. It attempts to make a scientific assessment between jobs to assess their relative really worth for the reason of establishing a rational pay structure.
Job evaluation is the manner of evaluating a process towards different jobs in the agency to decide the correct pay charge.
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long-motivated by his wish to operate his own business, andrew is considering purchasing an existing business. as he carefully weighs this option, he is likely to find that
Andrew is likely to find The value of an existing business is determined by what the business owns, what it earns, And what makes it unique
Purchasing an existing company gives you more control but less direction.
Exactly what it sounds like, purchasing an existing company. Usually, the buyer gains complete control of the company. The biggest benefit is having a preexisting blueprint that can incorporate crucial elements like a developed customer base, specified operating costs, and fully trained employees. Regardless of the type of business, almost any type of business could be purchased or sold.
You typically have total control over the direction of an existing business when you buy it. Your company might struggle as you figure out how to run things if there is no clear vision, support system, or outside direction.
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you would like to have enough money saved to receive a growing annuity for 25 years, growing at a rate of 4 percent per year, with the first payment of $60,000 occurring exactly one year after retirement. how much would you need to save in your retirement fund to achieve this goal? the interest rate is 12 percent.
One would need to save $632390.02 in retirement funds to achieve the goal to receive the first payment of $60,000 occurring exactly one year after retirement.
PV of growing annuity,
= i = 0.04
= r = 0.12
So,
PV = 6000 / (1+r) + 6000(1+i) / (1+r)² + 6000(1+i)² / (1+r)³ +.....+ 6000(1+i)²⁴ / (1+r)²⁵
= ((6000 / 1+r) (1 - (1+i/1+r)²⁵) / (1 - (1+i)/(1+r)))
PV = (6000 / 1.12) × 11.80461369
PV = $632390.0191
Hence, PV = $632390.02
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Which of the following describes the two different types of interest rates offered on home mortgages?
A: Fixed and variable
B: Timed and untimed
C: High and low
D: Year or decade
The two different types of interest rates offered on home mortgages is A) Fixed and variable.
A loan is a financing settlement between a lender and a borrower, where the latter borrows a positive amount of money and repays it over a period of time. A mortgage, or home mortgage, is a sort of mortgage used to shop for real estate, and secured with the aid of the purchased land or house.
Even along with the association charges, a loan continues to be probable to be less expensive than getting rid of a non-public loan. However, to be virtually certain of which would come up with the higher deal you want to evaluate the total value of borrowing - consisting of association charges for the mortgages - of the two styles of a mortgage.
A mortgage is an agreement between you and a lender that gives the lender the proper to take your private home if you fail to pay off the money you've borrowed plus interest. Loan loans are used to shop for a domestic or to borrow money towards the cost of a home you already personal.
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a problem is listed below. identify its type. john bought a new house. he made a $3,500 down payment and financed the rest, $300,000, through his credit union. the credit union charged him 12% per year compounded monthly for 27 years. how much were his monthly payments? a) future value with compound interest b) present value c) sinking fund d) amortization e) present value of an annuity f) none of the above.
The problem John face was amortization. If he has 27 years of loan John need to pay monthly payment of $3,088.10.
How to calculate monthly payment ?Amortization is the process of repaying a debt in a series of regular payments. Each payment has a principal portion that goes toward the loan balance and an interest portion. The amount allocated toward principal increases steadily month by month as the debt amortises, starting out small at first.
Take the total loan amount and multiply it by the loan's interest rate. Then, divide the result by 12 to obtain the monthly interest for a loan with monthly instalments. The amount that is applied to the principal is determined by deducting the interest from the total monthly payment.
ƥ = rP / n * [1-(1+r/n)-nt]
ƥ = 0.12 *300,000 / 12 * [1-(1+0.12/12)^-12*27]
ƥ = $3,088.10
John need to pay monthly payment of $3,088.10.
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if mike thinks quality is more important than quantity and nick disagrees, what is likely the basis for their conflict? responses arbitration arbitration solution solution mediation mediation disagreement in values
If mike thinks quality is more important than quantity and nick disagrees, then disagreement in values is likely the basis for their conflict.
What is Value Conflict?
Differences in deeply held beliefs and views of the world lead to a difference of opinion known as a value conflict. Because the disagreements are founded on beliefs rather than facts, the conflict cannot be easily resolved with facts.
People can be persuaded to change their ideas when given rational and compelling arguments, yet reasoning and persuasion are ineffective for altering core values. Value conflicts put the conventional approaches to dispute resolution to the challenge, from disparities between individuals to differences between nations. Appealing for consensus on a value that is more highly valued and deeply ingrained than the one in dispute is an effective way to reach a resolution.
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On the uofa catcard, your personal signature is what type of authentication control?.
Your signature serves as a form of authentication and control on the uofa catcard.
a secure place for work, research, and study, All facets of admission to campus buildings and offices are within the purview of Planning & Operations, including door maintenance, keying/rekeying, repair and replacement of door locks, exit devices, and electronic locks. We also oversee the process of issuing badges for the campus access control system.
We also keep a database of campus buildings that include information on issuance, refunds, and important facts.
To begin service, kindly use the PBC Work Order System via Maintenance Connection.
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true or false? having more billing owners makes it easier for a company to manage its technology stack or platform.
A tech stack is the combination of applied sciences a company uses to construct and run an software or project.
Sometimes known as a “solutions stack,” a tech stack commonly consists of programming languages, frameworks, a database, front-end tools, back-end tools, and applications related by APIs.
What is an example of a tech stack?To put it simply, a tech stack is a mixture of software, programming languages, frameworks, and facts storage technologies with which developers can construct and run a single application. , for example, uses a combination of frameworks and languages consisting of JavaScript, HTML, CSS, PHP, and ReactJS
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https://brainly.com/question/13152669#SPJ4traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers are:
The traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers are .
Ordering of excess inventory, to achieve quantity discounts and favorable prices
Refuse to halt production to determine the cause of a quality problem, in order to avoid having idle employees and equipment
Try to obtain lower fixed costs per unit under absorption.
Costing system:
Basically, the various accounting systems are used that depend on the company's usage under cost accounting and some of these accounting systems are process costing, activity-based costing, traditional costing, and job order costing.
Given,
Here we need to find the traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers.
For the predetermined overhead rate allocation bases are direct labor hours or machine, the following options are correct.
They are,
The Ordering of excess inventory in order to achieve quantity discounts and favorable pricesRefuse to halt production to determine the cause of a quality problem, in order to avoid having idle employees and idling time of equipment Try to obtain lower fixed costs per unit under absorption of the time.To know more about Costing system here.
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a project purchasing agent is trying to order the concrete needed to continue the project. however, the supplier will not be able to deliver it until next week. this is an example of what kind of resource constraint? multiple choice
An employee of the project is attempting to order the concrete required to complete the project. The supplier will be able to deliver it, but not until the following week. this is an example of Materials kind of resource constraint.
The typical examples of resource limitations include food, oil, and water. But we should also take into account metals, phosphorus, gas, and land. All are under strain, albeit to varying degrees.
Time-constrained initiatives adhere to a set completion date, whereas resource-constrained projects use fixed resources. A cost limitation means you have a limited project budget, but a time constraint means you have to finish your project by a certain deadline. Constraint management is essential for project success since the majority of project restrictions have mutually reinforcing effects.
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a forward auction: select one: a. occurs when buyers pay the same price regardless of where they buy the product or from whom. b. occurs when a buyer lists what he or she wants to buy and sellers may submit bids. c. occurs when a seller determines demand and then creates a product based on that price. d. occurs when a buyer lists what he or she wants to buy and also states how much he/she is willing to pay. e. occurs when different offerings are sold together at a price that's typically lower than the total price a customer would pay by buying each offering separately.
A ahead public sale takes place whilst a purchaser lists what she or he wishes to shop for and dealers can also additionally put up bids. (The procedure that takes place whilst a purchaser lists what she or he wishes to shop for and dealers can also additionally put up bids).
The required details for forward auction in given paragraph
Forward public sale are auctions, which may be utilized by dealers to promote their gadgets to many capability customers. Sellers and customers may be individuals, agencies etc. Items are generally located at an on line public sale site. Buyers can constantly bid for the gadgets they're involved in. Eventually the very best bidder wins the object. Two varieties of ahead auctions are common. The first is a liquidate public sale. Here customers are trying to find to acquire the bottom rate for an object they're involved in.
The 2d kind is a advertising performance public sale. Buyers want to acquire a completely unique object.
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anita currently has 25 years of service and an average annual salary of $47,000 over her last 5 years of employment. she was looking forward to retirement but has been offered a promotion. if she continues to work for 5 more years and increases her average annual salary to $57,000, how much will her monthly pension benefit increase according to the typical pension benefit formula as described in your text?
25 years of service typical pension =23500 Promoted typical pension=32400, So the pension is increased by $10700
How does a typical pension plan work?When you have a pension plan, your employer must make regular contributions to your account. When you reach retirement age, you begin receiving monthly checks for the accrued pension. The majority of the time, a formula is used to calculate your payment. Your age, salary, and number of years working for the company are a few of the formula's inputs.
25*2%*47000=23500
30*2%*57000=34200
Anita is currently 25 years of experience so she will get the typical pension of $23500
While she was promoting for 5 years the pension should be 34200 Because she has 30 years of experience and the salary is increased
If you begin contributing to your pension at age 30, divide by two, which equals 15, to get 15. The recommended amount to contribute to your pension fund up until retirement is this portion of your pre-tax income. As an illustration, if you are 30 years old, 15% of your income should go toward pension contributions.
Therefore the typical pension increased 34200-23500= $10700
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at the beginning of the year, petra owes $10,000 on an installment notes payable, which has an interest rate of 6%. at the end of the year, petra makes a payment of $2,000. after the payment, the carrying value of the installment notes payable will be:
$8,600 Justification
$10,000 - $(2,000 - (10,000 x .06) = $8,600
What is the ratio of debt to assets?A sign of financial leverage is the debt to total assets ratio. It tells you how much of the total assets were paid for by debt, creditors, and liabilities. A company's ability to pay its debt's interest is shown by its times interest earned ratio.
What is the debt's carrying value over time when bonds are issued at a premium?The carrying value of a bond is greater than its face value when it is issued at a premium.The carrying value of a bond is lower than its face value when it is issued at a discount.The carrying value of a bond is the same as its face value when it is issued at par.
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With respect to bad debts, what is the allowance method
Answer:
The allowance method refers to one of the two ways for reporting bad debts expenses that results from a company selling goods or services on credit. A business will set aside a certain amount of funds to cover bad debts—or money that probably won’t be repaid to them—and is typically calculated as a percentage based on company sales (in a previous sales period) and specific customer risk assessment.
the manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called what? it is used when products are unique and extensively customized for the specific needs of individual customers. the manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called what? it is used when products are unique and extensively customized for the specific needs of individual customers. assemble-to-order (ato) engineer-to-order (eto) make-to-stock (mts) make-to-order (mto)
The manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called Engineer-to-order(ETO), Make-to-order(MTO)
The manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called Engineer-to-order, it is used when products are unique and extensively customized for the specific needs of individual customers.
The manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called Make-to-order, it is used when products are unique and extensively customized for the specific needs of individual customers.
Make-to-order (MTO), or made-to-reserve, is a business manufacturing method that commonly permits purchasers to purchase merchandise that might be customized to their specifications. it's far a manufacturing system in which the manufacturing of an item begins handiest after a confirmed client order is acquired.
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the goal of performing a competitor analysis is to . a) learn more about the competitors' sales structures b) find flaws in the competitors' manufacturing processes c) find areas of potential competitive advantage and disadvantage
The goal of performing a competitor analysis is to find areas of potential competitive advantage and disadvantage. So the correct option is c.
A competitor analysis, also called competitive analysis and comptetion analysis, is the process of examining similar brands in your industry to gain insight into their offerings, branding, sales, and marketing approaches. Knowing your competitors in business analysis is important if you're a business owner, marketer, startup founder, or product developer.
A competitor analysis offers several benefits, including:
Understanding industry standards so that you can meet and exceed them, helps in
discovering untapped niche markets, helps in differentiating products and services, standing out in your marketing, measuring your growth etc.
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work in process apr. 1 balance 7,400 apr. 30 goods finished x 30 direct materials 69,100 30 direct labor 190,600 30 factory overhead 57,180 finished goods apr. 1 balance 13,100 30 goods finished 307,900 what was the balance of work in process as of april 30?
Work in progress is a term used in supply chain management to describe the ongoing progress of a product that is waiting for a problem. It is a part of the asset in the inventory.The final balance of unfinished business The answer is $29,900.
Calculating the remaining work that has to be done as of April 30 as:
Work in progress balance (ending balance) equals the sum of the opening balance, direct material, direct labour, and factory overhead, where
$700 is the initial balance.
$78,400 worth of direct material
$195k is spent on direct labour.
$136,500 is the factory overhead.
Making use of the values above:
Final work balance: $7,000 plus $78,400 plus $195,000 plus $136,500
Final work balance: $29,900
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which combination of forecasting models is likely to lead to the lowest rmse of the combined forecast?
Combination of forecasting models is likely to lead to the lowest rmse of the combined forecast is AR and MA models.
Combining forecasts, from time to time called composite forecasts, refers back to the averaging of unbiased forecasts. These forecasts may be primarily based totally on special statistics or special techniques or both. The averaging is performed the usage of a rule that may be replicated, together with to take a easy common of the forecasts.
The AR element includes regressing the variable on its very own lagged (i.e., past) values. The MA element includes modeling the mistake time period as a linear mixture of mistakess phrases going on contemporaneously and at diverse instances withinside the past.
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the relationship between the mpc and the multiplier selected answer will be automatically saved. for keyboard navigation, press up/down arrow keys to select an answer. a depends on whether the economy is in recession or inflation. b depends on whether you change taxes or government spending. c is always positive. d all of the above.
The relationship between the MPC and multiplier is always positive
The multiplier is always between one and infinity, and MPC is always greater than zero and less than one. Fiscal multipliers are generally understood by economists to be the ratio of changes in output to changes in tax receipts or government spending. Fiscal multipliers are crucial because they can direct a government's actions during a financial crisis and pave the way for a subsequent economic recovery. To partially raise the amount of money flowing into the system, a government may reduce taxes or boost spending. Such budgetary management has an additive effect. In other words, it is reasonable to anticipate that every dollar spent will result in an increase in the GDP of more than one dollar.
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it takes the blacksburg shipyard twenty weeks with 200 workers to build an airplane. material costs are $15 million and overhead costs are $1.5 million. workers cost $35 per hour including benefits and work 40 hours per week. each airplane sells for $50 million. what is the multifactor productivity ratio? group of answer choices less than 1.0 greater than 2.0 but less than or equal to 3.0 greater than 1.0 but less than or equal to 2.0 greater than 3.0
C) The preferred value is more than 1.0 but less than or equal to 2.0.
A multifactor productivity is what?A measure of economic performance known as multifactor productivity (MFP) contrasts the quantity of output and the quantity of all the inputs used to produce that output. Combinations of inputs may include labor, money, energy, supplies, and services that have been purchased.
Calculation:
Given:
Weeks (W) = 20
Number of workers (N) = 200
Material costs (MC) = $15 million
Overhead costs (OC) = $1.5 million
Workers' cost per hour (WC) = $35
Hours per week (H) = 40
The selling price of the ship (SP) = is $50 million.
Now,
Labour Costs = Workers Costs Per Hours × Hours Per Week × Weeks × Number of Workers Labor Costs
= 35 × 40 × 20 × 200 Labour Costs
= $56,00,000
Now,
Multifactor Productivity Ratio = Value of Input (Material Costs + Labor Costs + Overhead Costs) / Value of Output(Selling Price of Ship)
Multifactor Productivity Ratio = [tex]\frac{50,000,000}{15,000,000+56,00,000+15,00,000}[/tex]
Multifactor Productivity Ratio = [tex]\frac{50,000,000}{2,21,00,000}[/tex]
Multifactor Productivity Ratio = 2.26
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a problem is listed below. identify its type. craig bought a new boat. he made a 11% down payment. he financed the rest through his bank for 4 years. his bank charged 7% per year compounded monthly and his monthly payments were $200. what was the original price of the boat? a) amortization b) present value of an annuity c) present value d) future value of an annuity e) sinking fund f) none of the above.
If his bank charged 7% per year compounded monthly and his monthly payments were $200, the boat's original cost would be its present value.
A bank is a type of financial institution that offers loans, creates demand deposits from public deposits, and accepts deposits from the general public. The bank can engage in lending directly or indirectly through original cost capital markets.
Most jurisdictions regulate banks heavily because they are crucial to both the financial stability and the economy of a nation. A system known as fractional reserve banking, in which banks hold liquid assets equal to only a portion of their current liabilities, has been institutionalized in the bank majority of nations. Banks are typically required to maintain a original cost minimum level of capital based on the Basel Accords, an international set of capital standards, in addition to other regulations aimed at ensuring liquidity.
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rosa llewelyn works in the human resources department of a company that manufactures packaging machines. she handles payroll and insurance. llewelyn is in a(n) position.
Rosa Llewelyn works in the human resources department of a company that manufactures packaging machines. She handles payroll and insurance. Llewelyn is in a staff position.
A company's human resource department is the department in charge of efficiently managing the organization's human resources, or its personnel.
Training and development of employees, who are among a company's most valuable resources, falls within the supervision of the human resources department.
A human resources department is in charge of ensuring that the business has a strong staff that is prepared to perform their jobs and is paid fairly for doing so.
Effective rules, procedures, and supportive, people-friendly guidelines are offered by the human resources department. The human resource department also works to ensure that the company's mission, vision, and values are reflected in its culture.
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what shapes would you generally expect each of the following cost curves to have: fixed costs, variable costs, marginal costs, average total costs, and average variable costs?
Due to how the "law of changing proportions" operates in the near term, the marginal cost curve has a U-shaped shape. The law states that the MC curve initially slopes downward until it reaches its minimum point, at which time it begins to slope upward. As a result, when represented visually, the curve takes on the shape of a U.
Why is the cost curve on average U-shaped?The economies are outweighed by the diseconomies after the point of maximum output, which causes the AC curve to rise. The result is a U-shaped AC curve.
MP curve: Is it U-shaped?The law of varying proportions states that an input's marginal product initially increases. It starts to decline after a specific level (degree) of employment. As a result, when compared to the average and marginal product curves, the MP curve appears to be a reverse U-shaped curve.
What is the variable cost curve?Increasing and subsequently decreasing marginal returns to the variable input directly impact the shape of the average variable cost curve (conventionally labor). Although it has a similar appearance to the short-run curve, the long-run average cost (LRATC/LRAC) curve allows for variable physical capital utilisation.
A fixed cost curve: what is it?Since there are no variable costs when the output is zero, fixed costs are always represented as the vertical intercept of the total cost curve. The graph shows that once production begins, both total costs and variable costs increase.
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if natural monopolists were required to charge a price equal to marginal cost they would selected answer: incorrecta. maximize profits answers: a. maximize profits b. minimize costs correctc. lose money d. all of the above e. none of the above
The apt response is choice (B). Natural monopolists would increase earnings if they were forced to charge a price that was equal to their marginal costs.
What takes place in a monopoly when the price and the marginal cost are equal?Price and marginal cost are identical in a market with perfect competition, and businesses make no economic profit. In a monopoly, the price is set above the marginal cost, and the company makes a profit. In an equilibrium when perfect competition prevails, a good's supply and price are both economically efficient.
The first is that setting a price equal to marginal cost means that the price is less than average cost, which means that the firm will lose money because a natural monopoly has a constant marginal cost that is less than average cost. Unless the government provided financial support, the company would then leave the sector.
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residential construction company agrees with its employees' union not to buy any nonunion-produced goods from other firms for use on residential construction job sites. this is
Residential Construction Company agrees with its employees' union not to buy any nonunion-produced goods from other firms for use on Residential Construction job sites. This is a prohibited secondary boycott.
What is Residential Construction?
Construction on single-family or two-family homes that are used, or planned to be used, largely for residential purposes is referred to as residential construction. A project is a set of activities carried out by a construction business for a buyer in residential construction. These projects often involve remodels, additions, renovations, design-builds, or brand-new homes that include all the financial information, project schedules, documentation, tasks, and communications needed to complete the work from beginning to end.
Any form of construction must follow specified rules and can only begin when a permit has been secured from the state's granting agency. This is necessary to ensure that the project moves forward securely and without putting anyone's life in danger before, during, or after the building's construction.
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