Offshoring is the practice of outsourcing activities abroad, usually to less developed countries, by firms with the intention of reducing operating costs.
What is offshoring?Offshoring is the process of outsourcing operations abroad, typically by businesses from rich nations to less developed nations, with the goal of lowering operating costs.Offshoring is the process of moving a commercial operation, such as manufacturing, or a supporting operation, such as accountancy, from one nation to another. Offshoring is typically associated with a corporation, though state governments may also use it. In insourcing, the tasks are carried out independently within the business, wherever it may be. Contrarily, activities that are outsourced are carried out within the organization to which they are assigned. Both domestically and internationally can be outsourced.Therefore, offshoring is the practice of outsourcing activities abroad, usually to less developed countries, by firms with the intention of reducing operating costs.
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a company's profit margin per unit sold equals: total revenue minus total cost. price minus average cost. average cost minus price. total cost minus total revenue.
Profit margin is one of the normally used profitability ratios to gauge the diploma to which a business enterprise or a commercial enterprise hobby makes money.
The required details for Profit margin in given paragraph
Production quantity is identical to income quantity. In multi-product companies, the income blend is constant. All charges may be labeled as both constant or variable. It represents how many of income has was profits. Simply put, the share discern shows what number of cents of income the commercial enterprise has generated for every greenback of sale. For instance, if a commercial enterprise reviews that it finished a 35% income margin over the past quarter, it manner that it had a internet earnings of $0.35 for every greenback of income generated.
There are numerous varieties of income margin. In normal use, however, it normally refers to internet income margin, a business enterprise’s backside line in spite of everything different expenses, such as taxes and one-off oddities, were taken out of revenue.
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Which of the following is the first step in preparing the statement of cash flows?
a) Determine the net cash flow from operating activities.
b) Determine the net income.
c) Determine the cash flow from investing activities.
d) Determine the change in cash.
We start by publishing the net income from the income statement in order to create the cash flow statement. For the purpose of estimating the cash flows from operating operations, this sum is modified to account for non-cash costs and changes in the company's working capital. Therefore, option (B) is appropriate.
What is net income?Net income, also known as total comprehensive income, net income, net profit, bottom line, sales profit, or credit sales, in the context of business and accounting refers to an entity's income less cost of goods sold, costs, depreciation and amortization, interests, and taxes for a certain accounting period.
It is calculated as the sum of all revenues, profits, and losses during the period less all expenses, losses, and gains. It has also been described as the net growth in shareholders' equity as a result of a company's operations. It's not the same as gross income, which solely deducts the cost of the things sold from revenue.
Hence, option (B) is accurate.
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on the graph, draw the maple grower's marginal revenue curve and label it mr1. draw a point to show the grower's profit-maximizing price and quantity in the short run. also show the grower's economic profit or economic loss in the short run and label it.
The marginal cost (MC) curve is the difference in total cost divided by the variation in energy output.
What is marginal cost?The initial portion of the MC curve, which slopes downward, shows the effect of running base load units at higher output levels, which increases their effectiveness and decreases their cost. In order to meet increased demand, less economical plants are added to the mix. MC increases are observed everywhere as a result of these intermediate units' higher MCs. Peaking units are the final choice; during system peak times, they deliver energy at even higher MC.This graph explains why the value of wind turbines can change depending on the utility, the season, or even the hour of the day. Because the demand for electricity changes over time, the utility effectively moves up or down its MC curve as new generators go online or lowers power output as the demand rises. Wind would always be employed in an economically efficient dispatch since it is fuel-free and so has a nearly zero MC. As a result, the residual load, net of wind generation, diminishes, and the marginal generator's output can be decreased or deleted during the appropriate time period.Wind energy offers a higher value for utilities with comparatively high MCs than it does for utilities with lower MCs. Furthermore, due to the fluctuating nature of the electrical load, this value would typically alter over time for all utilities. This helps to explain why a wind farm that generates a considerable amount of energy at night is less valuable than one that does so during the day.To Learn more About marginal cost refer to:
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anderson argues, with reference to hayek, that orienting the economy around the goal of people receiving the income they morally deserve would lead to
Anderson argues, with reference to Hayek, that orienting the economy around the goal of people receiving the income they morally deserve would lead to poverty and the abolition of capitalism.
What was said concerning the demise of capitalism by Karl Marx?
Marx contended that capitalists had forced the worker to become "enslaved by the machine," alienating him from the fruits of his labor, and that this exploitation would soon lead to a new class war that would culminate in the "violent overthrow" of the bourgeoisie by the proletariat.
It was destined to self-destruct over time due to its inherent tendency to produce ever-larger booms and busts. Marx cheered on capitalism's demise. He believed that a popular revolution would take place, creating a communist regime that would be more effective and far more humanitarian.
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Assume that the market for soybeans is purely competitive. Currently, firms growing soybeans are experiencing economic profits. In the long run, we can expect:
New firms to enter causing the market price of soybeans to fall
The entry of a large number of new firms causes the market supply curve to shift to the right. As the supply curve shifts to the right, market prices begin to fall, and economic profits for both new and existing firms fall. Entry will continue to shift supply to the right as long as there are profits in the market.
How New Entrants Affect market price ?When a new company enters your market, the variables that influence your company's performance change, and you must react to maintain your position. How the new company overcomes existing entry barriers can guide your strategic response to the new situation. As the market changes, you must consider the strengths of the new entrant when developing a strategy to retain your customers.
When a new buyer enters a market, suppliers can often raise prices due to increased demand. To offer the same types of products in the market, the new entrant requires the same materials and components that you do.You can keep your pricing structure and compete on quality and unique features if you can lock in your supplier costs with long-term contracts while the suppliers charge the new entrant higher prices. If your suppliers raise their prices, you can reduce your inventory and look for alternatives for the most expensive items.
The introduction of a new competitor into a market tends to lower market prices. When more companies compete for the same market share, customers prefer those with lower prices, and the overall price level falls. You can compete on price if you have inherent cost advantages due to factors such as location, product design, or low labor costs.
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trish invested $100,000 in an annuity contract. years later, she annuitized the contract. the insurance company agreed to pay her $1,666.67 per month for 20 years. how much of each payment is taxable?
There are $1250.00 for each payment is taxable.
Solution:
100,000/400,000 = 25% exclusion ratio
1 - 0.25 = 0.75 inclusion x $1,666.67 = $1,250
Federal law requires individuals to report cash transactions over $10,000 to the IRS. The eligibility and rules for filing a tax return depend on your income filing status, dependent status age, and whether you are visually impaired. The 30% rule applies to workers recruited from outside the Netherlands to work here temporarily.
The IRS probably already knows about many of your financial accounts and the IRS can get information on the amounts. But the reality is that the IRS rarely digs deep into your bank and financial accounts. A letter from the person giving the money especially if it's a down payment gift explaining why.
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True or False: The Radio division of a car company makes radios for use in its Assembly division. The Radio division incurs variable costs of $100 per radio and the market price is $225 per radio. If the Radio division is operating at full capacity, it should accept any transfer price over $100.
False, in case If the Radio department is running at complete capacity, it must take delivery of a minimal charge of variable costs plus contribution forgone i.e. $225.
The required details about variable costs is mentioned in below paragraph.
A variable costs is a company price that adjustments in share to how a great deal a agency produces or sells. Variable costs boom or lower relying on a agency's manufacturing or income volume—they upward thrust as manufacturing will increase and fall as manufacturing decreases.
Examples of variable costs encompass a production agency's charges of uncooked materials and packaging—or a retail agency's credit score card transaction prices or delivery expenses, which upward thrust or fall with income. A variable costs may be contrasted with a constant value.
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Jasmin, Shou-Yi, and Vanessa form an LLC, and each contributes $25.000 in capital. The LLC operates for a period of time, during which it borrows money from banks and purchases goods on credit from suppliers. After some time, the LLC experiences financial difficulties and goes out of business. If the LLC fails with $500,000 in debts, which of the following is an accurate statement regarding the liability of Jasmin. Shou-Yi, and Vanessa? Each will lose her capital contribution of $25,000, but will not be personally liable for the rest of the unpaid debts of the LLC. Each will lose her capital contribution of s25,000, and will be personally liable for the rest of the unpaid debts of the LLC. Each will not be personally liable for the $500000 in debts, and will be reimbursed for her $25000 capital contribution. Each will not be personally liable for the $500,000 in debts and a constructive trust for the entire $75,000 in capital contributions will be imposed so that Jasmin Shou-Yi and Vanessa can form a new business venture.
A true comment on Jasmin's responsibility. Vanessa, Shou-Yi, and Each will not be held personally accountable for the remaining unpaid debts of the LLC, but will forfeit her $25,000 capital contribution.
What is meant by capital?A factory and its equipment, intellectual property like patents, or the financial assets of a company or a person all fall within the broad definition of capital, which can also refer to anything that provides value or advantage to its owners. A factory and its equipment, intellectual property like patents, or a company's or individual's financial assets are just a few examples of things that offer their owner value or an edge. Although money can technically be considered capital, the term is typically used to refer to money that is used to invest or create things. In a firm, capital is the total amount of financial resources needed to produce goods or services.To learn more about capital, refer to:
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congratulations!! you are the proud owner/ceo of your very own business. you get to build the organizational structures and culture from the ground up. take into consideration what you have learned so far. explain: how do you build an unethical organization? how do you build an ethical organization?
The proud owner of your very own business. you get to build the organizational structures and culture from the ground up. The method by which we try to discern if a behaviour is morally right or wrong is called moral reasoning.There are two main viewpoints on this issue.
According to ethical relativism, moral truths are relative to their cultural context and don't have any absolutes. This implies that since moral standards vary from culture to culture, there is no absolute good or wrong because moral standards are related to each community.On the other hand, Kant's Categorical Imperative, which calls for understanding the motivation behind the action as well as its potential outcomes, does assert that it is feasible to create a set of universal moral principles. Reality, though, is that this method disregards cultural context.to invite a diverse workforce from a range of backgrounds to join the company.Through employee development programmes, we can promote camaraderie, trust, employee loyalty, and skill development.
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michelin tires is having a promotion wherein if you purchase 4 tires at full price, you can send in your receipt + provide additional information and receive a check in 4-6 weeks. this represents what promotional tool?
This promotional tool is called a rebate.
What is rebate?
A rebate is a special kind of purchasing discount that refers to a sum that is retroactively reduced, returned, or refunded. Marketers typically use this kind of sales promotion as incentives or add-ons to product sales. Rebates can also be used to entice price-conscious customers to buy a product. The most typical is the mail-in rebate (MIR). Depending on the specific product, the time, and frequently the location of the purchase, a MIR entitles this same buyer to mail inside a coupon, receipt, as well as barcode in addition to receiving a check for a specific amount. Either as the retailer or even the product manufacturer provides rebates.
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assume that the economy is in long-run equilibrium. a shift in the aggregate demand curve will change
Only price level will fluctuate over time as a result of a movement in the overall demand curve.
Why do demand curves exist?The connection between the cost of an item and product and the number demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left y axis and the horizontal axis, respectively.
The demand curve: Why is it significant?When companies decide on prices, the demand curve may be a useful tool. This is so that the demand curve may display the price at which consumer response begins to decline and the price at which demand is highest.
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an insurance agent, whose compensation is based on commission, is asked by a homeowner if damage from earthquakes is covered by the policy. it is company policy to avoid providing information about earthquake damage, so the salesperson misleads the homeowner. in this case the salesperson blank .
In this case, the salesperson can be held accountable.
An earthquake is a ground shaking as a result of an unexpected slip on a fault. Stresses in the earth's outer layer push the sides of the fault collectively. Strain builds up and the rocks slip, releasing power in waves that journey through the earth's crust and purpose the shaking that we sense for the duration of an earthquake.
Earthquakes can bring about floor shaking, soil liquefaction, landslides, fissures, avalanches, fires, and tsunamis.
We can't prevent natural earthquakes from occurring however we are able to extensively mitigate their effects with the aid of figuring out dangers, building safer systems, and imparting schooling on earthquake protection.
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you manage marketing for a small business on a tight budget, yet you need to reach as many people as possible. how can ads help?
Advertising can help by increase sales by telling potential and current customers about your new product launches, special offers and improvements. Apart from reminding current customers about your business, advertising can also help to create or develop a distinctive brand for your business.
Advertising is the practice and technique used to attract attention to a product or service. Advertising aims to bring a product or service into focus in the hope of attracting the attention of consumers. It is commonly used to promote a particular good or service, but has a variety of uses, the most common being commercial advertising.
Commercial advertisements typically seek to increase the consumption of their products or services through "branding," associating the product name or image with certain qualities in the consumer's mind.
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in promoting macroeconomic stability, the government faces a trade-off between
The government faces a trade-off between inflation and unemployment in promoting macroeconomic stability.
What is macroeconomic stability?It corresponds to a situation where the economy is balanced, with low inflation and unemployment rates. To achieve this stability, macroeconomic policies must influence the government budget, interest rates, money supply and the labor market effectively to the objectives of the economy.
Therefore, macroeconomic stability is achieved when there is controlled inflation, with job creation and investment in a nation.
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if subunit a relies on subunit b located in a different country to complete its work, but subunit b fails to do its job and as a result both subunits fail, it demonstrates the idea of performance
If both subunits fail it demonstrates the idea of performance ambiguity.
What three things make up an organization's structure?The three elements of an organizational structure are departmentalization, delegation, and job descriptions. Delegation is a tool used in organisational structures to grant someone power to help manage the performance of a specific activity.
What three types of change management are there?Developmental, transitional, and transformational change management are the three categories of guided change management. In order to increase involvement, lower resistance, and facilitate acceptance, various types of change call for various techniques and plans.
What is an example of a change management process?putting a new technology into practise. purchases and mergers. a shift in the leadership. Organizational culture change.
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a written order for a bank to pay a third party a stated amount of money on a specific date is referred to as a
A written order for a bank to pay a third party a stated amount of money on a specific date is referred to as a bill of exchange. A bill of exchange, also known as a draught or draught.
Bill of exchange Is a short-term negotiable financial instrument that consists of a written amount order from one party—the seller of the goods—to another—the buyer—requiring the latter to pay a specific amount on demand (a sight draught) or at a specific future date bank (a time draught). A bill of exchange can be used by the parties to a transaction to specify the parameters of the transaction, including the terms of credit and the rate of interest that will accrue.
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ariel deposits $5,000 in joe's bank, and the reserve ratio is 10%. joe's bank then loans out the maximum amount possible. the total amount of the deposit and subsequent loan included in the money supply is $ (not including any more loans made from deposits coming from the original loan).
Answer:
9,500
Explanation:
do some math bro
you are considering an investment in 30-year bonds issued by moore corporation. the bonds have no special covenants. the wall street journal reports that 1-year t-bills are currently earning 1.25 percent. your broker has determined the following information about economic activity and moore corporation bonds:
The 30-year bonds issued by Moore Corporation have a fair interest rate of 4.65% and an inflation premium of 0.50%.
A measure known as the "inflation premium" is used in banking and investing to determine the typical rate of return on an asset or investment when the overall cost of goods and services increases over time.
The theoretical value of corporations and their shares is therefore affected by changes in interest rates. The predicted future cash flows of a share are essentially discounted to the present using the investor's necessary rate of return to determine the share's fair value.
Inflation premium = T-bill rate - real risk-free rate
= 1.25% - 0.75%
= 0.50%
30-year bond rate/Fair interest rate =
Inflation premium 0.50%
+ Real interest rate 0.75%
+ Default risk premium 1.15%
+ Liquidity risk premium 0.50%
+ Maturity risk premium 1.75%
Therefore fair interest rate 4.65%
Complete question:
You are considering an investment in 30-year bonds issued by Moore Corporation. The bonds have no special covenants. The Wall Street Journal reports that 1-year T-bills are currently earning 1.80 percent. Your broker has determined the following information about economic activity and Moore Corporation bonds:
Real risk-free rate = 0.75%
Default risk premium = 1.15%
Liquidity risk premium = 0.50%
Maturity risk premium = 1.75%
a. What is the inflation premium?
b. What is the fair interest rate on Moore Corporation's 30-year bonds?
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When preparing the operating activities section of the statement of cash flows using the indirect method, adding a decrease in accounts receivable to net income allows the inclusion of transactions that ______.
When preparing the operating activities section of the statement of cash flows using the indirect method, by adding a decrease in accounts receivable to net income allows the inclusion of transactions that decreased net income but not cash.
What is the operating activities section?Under Cash-flow statement, the operating activities involves the activities of a company in producing and selling its product, generating revenues as well as general administrative and maintenance activities.
There are typically an operating activities section on statement of cash flows that shows inflows and outflows of cash resulting from a company's key operating activities.
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When preparing the operating activities section of the statement of cash flows using the indirect method, adding a decrease in accounts receivable to net income allows the inclusion of transactions that increased cash, but did not affect net income.
What is net income.?Generally, In the context of commerce and accounting, "net income" refers to an entity's income after deducting the cost of products sold, costs, depreciation and amortization, interest, and taxes for a certain accounting period.
When preparing the operating activities section of the cash flow using the indirect method, it is possible to include transactions that enhanced cash but did not affect net income by adding a decrease in accounts receivable to net income.
This is done to account for the fact that net income was not impacted by the transaction.
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In negotiations, the parties are likely to display different emotions. Which of the following emotions is likely to lead to more open-minded problem solving in a negotiation?
a) Sadness
b) Happiness
c) Nervousness
d) Tenacity
In negotiations, the parties are likely to display different emotions. Happiness is likely to lead to more open-minded problem solving in a negotiation.
Sometimes during negotiations, when things start to feel uncomfortable, we have a propensity to dig in our heels and hang onto our stance. When done professionally and in accordance with the ideals of your firm, that can occasionally be entirely acceptable. The ability to solve problems can be beneficial.
When you disagree with the customer, a problem-solving mindset does not need you to immediately give in or compromise. It suggests you show signs of being open-minded while negotiating. In other words, you continuously convey to them that you are open to learning about various approaches to the problem and finding a workable solution.
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Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) Net sales Net income $23,751 6,530 flows Total assets, beginning 32,768 Total assets, ending 41,497 Required: 1. Calculate the return on assets. ($ in millions) Return on Assets Zoogle 2. Calculate the cash return on assets. ($ in millions)Cash Return on Assets Zoogle 3. Calculate the cash flow to sales ratio and the asset turnover ratio. ($ in millions) Cash Flow to Sales Zoogle ($ in millions) Asset Turnover times Zoogle
The return on assets is 15.73%.
The cash return on assets is 15.73%.
The Cash Flow to Sales is 15.73% and the asset Turnover is 63.96%.
Return on assets (ROA) is used to measure how efficient a company's management is in generating profit from their sum assets on their balance sheet.
To determine the return on assets, you can use this formula:
Return on Assets = Net Income / Total Assets
Return on Assets = 6,530/41,497
Return on Assets = 0.1573
Return on Assets = 15.73%
Thus, the return on assets is 15.73%.
To determine the cash return on assets, we use this formula:
the cash return on assets = Operating cash flow / Total Assets
the cash return on assets = 9,317/41,497
the cash return on assets = 0.2245
the cash return on assets = 22.45%
Thus, the cash return on assets is 15.73%.
To determine Cash Flow to Sales we use this formula:
Cash Flow to Sales = Operating Cash flow / Sales
Cash Flow to Sales = 9,317/$23,751
Cash Flow to Sales = 0.3928
Cash Flow to Sales = 39.28%
Thus, the Cash Flow to Sales is 15.73%.
To determine the asset turnover ratio we use this formula:
Asset Turnover = Net Sales / Average. Fixed Assets
Where,
Average Fixed Assets = ($32,768 + $41,497) / 2 = $37,132.5
Hence,
Asset Turnover = $23,751/$37,132.5 = 0.6396 = 63.96%
Thus, the asset Turnover is 63.96%.
The question isn't complete. The complete question can be seen in the attachment.
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What can be a strong reason that top universities graduate black and hispanic computer science and computer engineering students at twice the rate that leading technology companies hire them?
Hiring bias is the reason that top universities graduate black and hispanic computer science and computer engineering students at twice the rate that leading technology companies hire them.
Leading technology businesses employ black and Hispanic computer science and engineering students at a rate that is twice as high as the rate at which top institutions graduate them. This disparity is caused by hiring prejudice.
Researchers discovered that the recruiting process is frequently prejudiced and unjust, highlighting racism, ageism, sexism, and a range of other issues that we may or may not be aware of as important push factors for unfairness. The study was done by Harvard Business Review.
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What two components determine the interest rate for an adjustable-rate mortgage?.
The index and the margin can be identified as the two components that are helpful in determining the interest rate for an adjustable-rate mortgage.
An adjustable-rate mortgage can be referred to or considered as a type of mortgage that does not charge a fixed rate of interest over the advances given in exchange for the collaterals.
As the interest rate keeps fluctuating as per the prevailing marketing conditions, the indexation of the amount is done as per the margin to compute the exact interest rate to be charged over the mortgage.
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Organizational design is all about making sure that _________ are properly allocated, reflecting the structure of formal reporting relationships.
Organizational design is all about making sure that decision rights are properly allocated, reflecting the structure of formal reporting relationships.
Organizational design is a step-by-step methodology which identifies dysfunctional aspects of work flow, procedures, structures and systems, realigns them to fit current business realities/goals and then develops plans to implement the new changes. The process focuses on improving both the technical and people side of the business.
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What are 3 examples of a financial goal?.
Retirement planning, saving money for a world tour, or owning a luxury car are the things that can be regarded as the ideal examples of a financial goal of an individual.
Financial goals can be referred to or considered as the goals that are directly attached to the financial conditions of an individual. It is not wrong to say that the financial goals are subjective concepts, i.e., they may have a change from person-to-person. Each financial goal may not have exact value, but has a monetary measurement.
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The CEO of Southwest Airlines can sometimes be seen helping out at a gate, handling luggage, and assisting cabin attendants while in flight. This is an example of _____ to create and sustain the company's culture.
A) providing physical support
B) organizing ceremonies
C) clarifying expectations
D) using signs and symbols
The CEO of Southwest Airlines can sometimes be seen helping out at a gate, handling luggage, and assisting cabin attendants while in flight. This is an example of using signs and symbols to create and sustain the company's culture.
What is company culture?Although the concept of organizational culture is somewhat ambiguous, most culture experts can agree on its most basic elements. In a nutshell, an organization's culture is made up of a shared set of values, objectives, attitudes, and behaviors. Any organization is free to choose how it wants to create its own culture.
The background of corporate culture, the advantages of a positive culture, and methods for implementing better cultural practices are all covered in this guide. It is the result of all of your official and informal processes, attitudes, and values that combine to give your staff and consumers a positive experience. Company culture is really about how things are done in the office.
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the profit-maximizing monopolist would earn total revenues of group of answer choices $90. $144. $207. $225. $240.
The profit-maximizing monopolist would earn total revenues of 207$ among the group of choices.
A monopolist is a who or what?A monopolist is a person, organization, or company that dominates and controls the market for a specific good or service. The monopolist has the power to set high prices because there are no substitute goods or services or competitors.
What exactly does a business monopolist do?There is little to no competition and consumers are compelled to purchase the specific good or service from the one company when one business and its product dominate an entire industry.
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the nasdaq is the largest and probably best-known securities exchange market in the world. question 6 options: true false
False. The Nasdaq is the second-largest stock exchange market.
What is a stock exchange market?
In other words, a stock exchange is a marketplace for buying and selling financial instruments like bonds and stocks. This might be an offline trade platform or an online one. One of the numerous stock exchanges in the world is the NYSE, which is also the biggest when it comes to market capitalization, which counts all of the securities traded there. Historically, buy and sell orders were shouted by individuals standing on the floor at stock exchanges, which were largely physical locations. Stock dealers made the decision to gather at a London coffee shop, which they utilized as a marketplace. They eventually acquired control of the coffeehouse and changed its name to "stock exchange" in 1773. As a result, the London Stock Exchange, the first exchange, was established.
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identify the components of a business that make up its operations. (check all that apply.)
The components of a business that make up its operations are
Strategy, Marketing and research Operations and FinanceWhat is business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
The company's internal operations, including manufacturing, marketing, logistics, information systems, and human resources, support that position and ensure that the organization is set up properly to carry out its strategy.
This department works with coordination and helps the business to achieve maximum revenue.
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a sample of 14 small bags of the same brand of candies was selected. assume that the population distribution of bag weights is normal. the weight of each bag was then recorded. the mean weight was 3 ounces with a standard deviation of 0.12 ounces. the population standard deviation is known to be 0.1 ounce.
The population standard deviation, denoted by sigma, is the standard deviation of the entire population.
The sample mean is denoted by x bar and the standard deviation by sx, and it is the sample mean and standard deviation, not the mean and standard deviation of the population from which the sample was drawn.
The information provided in the problem answers the first part.
The sample's mean weight, written by x bar x, was two ounces, with a standard deviation of 0.12 ounces shown by sx.
The population standard deviation, known to be 0.1 ounce, is represented by:
a. i. x ¯ =___2_____ ii. σ =___0.1_____ iii. sx =___0.12_____
i) 1.959 ; 2.041
iii)0.041
Sub Part i) 1.935 : 2.065
Sub Part iii) 0.0645
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