A wholly owned subsidiary is a foreign business that is entirely owned and managed by a multinational corporation. To accomplish the aims and objectives of the company, strategic management requires ongoing planning, monitoring, and analysis.
Which of the following statements concerning global network structures is accurate?
Decisions are taken locally, yet each grouping communicates with headquarters and occasionally with one another in these complex integrations of business operations and communications.
A transnational business plan's main benefit is that it is less expensive than a multi-domestic strategy since it places a higher priority on global uniformity and efficiency. Global companies centralise as much resources as they can, reducing expenses.
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if you have a problem in which the remedy will be between $1,500 and $3,000, the appropriate tool to use would be a:
When we have a problem in which the remedy will be between $1,500 and $3,000,The appropriate tool to use would be a small claims court.
Small claims court is used to claim for money or the recovery of personal property valued at under $750. Small claims court is also used to the similar various of claims valued from $750 to $10,000 by people who do not want to use a lawyer and who want to get their case heard relatively rapidly. If you operate the Claim and Notice shape in Supporting Documents below, you may want one whole authentic to report with the Court. Upon charge of the $37 submitting fee, copies might be made and licensed for service. If you want extra copies, you should buy them for.
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5. why is it true, in general, that a failure to adjust expected cash flows for expected inflation biases the calculated npv downward?
Inflation is a significant factor that influences the time worth of money. Therefore, it is crucial to include in the consequences of anticipated inflation when calculating NPV. A computed NPV is biased if the effects of inflation are left out.
What is Net Present Value (NPV)?
Net present value is the difference between the current worth of cash inflows and outflows over time (NPV). To evaluate the profitability of a proposed investment or project, NPV is used in capital budgeting and investment planning. NPV is the result of computations to ascertain the current value of a future stream of payments.
The time and amount of future cash flows must be predicted, and a discount rate that is equal to the least allowable rate of return must be chosen in order to compute net present value (NPV). A project or investment will have a better rate of return than the discount rate if the NPV is positive.
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in the hotelling linear city model, where will firms tend to locate if price competition is not very intense?
Firms tend to locate far away places.
If the price difference is not that big, The Hotelling Linear City Model suggests that firms and businesses will move far away from the main city centre as it ensures low expenses for the firm.
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from the guest presenter, elizabeth oates, director of consumer insights at ulta: approximately what percent of adults in the usa belong to at least 1 loyalty program?
Loyalty/reward program describes the gifts, special offers, and other incentives that businesses give to their clients as part of a plan to keep them coming back for more of their goods or services.
When creating a successful loyalty/reward program, a business should take into account the following three factors:Exclusivity, since if everyone in the program receives the same perks, the client won’t see any value in the program, and they need to feel special to be a part of it.Customer knowledge: By understanding your audience, you can make sure that the program will speak to their wants and desires and be relevant to them.Contribution to the brand is necessary since you must ensure that your brand is supported by all of your activities.
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passive management by exception involves leaving employees alone and waiting until something goes wrong before entering the picture. group of answer choices true false
Passive management by exception involves leaving employees alone and waiting until something goes wrong before entering the picture. This is a true statement.
What exactly do active and passive management mean?In an endeavor to outperform a certain benchmark or index, active management frequently buys and sells. In order to match its performance, passive management duplicates a particular benchmark or index. Active management portfolios aim for higher returns but include bigger risks and cost more.
Why is passive management superior to active management?Individual investors may experience cheaper costs as a result of the decreased trade volume brought on by passive investment. Furthermore, because there is so little need for maintenance and research, passively managed funds have lower expense ratios than the majority of active funds.
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a 3-month call with a strike price of $25 costs $2. a 3-month put with a strike price of $20 and costs $3. a trader uses the options to create a strangle. for what two values of st does the trader break even with a profit of zero, where st is the stock price in three months?
For $15 and $30 values of the stock price in three months the trader breakeven with a profit of zero.
$2 is spent on a three-month call with a $25 strike price. A three-month put with a $20 strike price and a $3 cost. Total Cost = $2+$3 = $5.
The call option's break-even price is $30, or $25 + 5. $20 - 5 = $15 is the put option's breakeven price.
If the underlying price moves sufficiently far up or down, the strangle becomes profitable. The call generates revenue with an upward movement. The put is profitable for moves that are downward. S-K must be greater than $5 (the cost of the strangle) for the call to be profitable, followed by S-25 > 25 and S > 30. To be profitable, K-S must be greater than 5 > 20-S>5> S15>.
Break-even hence at $15 and $30.
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in the past, an example of real estate market success in the midst of wide-spread real estate market failure was:
Apartments during the Great Recession served as an example of the real estate market thriving amid widespread failure in the past.
A recession is a sizable, pervasive, and protracted decline in economic Recession activity. According to a common rule of thumb, a recession is defined as two consecutive quarters of declining gross domestic product (GDP). Declines in economic output, consumer demand, and employment are typical effects of recessions.
A recession is defined by economists at the National Bureau of Recession Economic Research (NBER) as an economic contraction that market begins at the height of the expansion that came before it and ends at the lowest point of the subsequent downturn.
The NBER uses a variety of indicators to determine the beginning and market end of a U.S. recession, including nonfarm payrolls, industrial production, and retail sales.
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louvers, incorporated, accepted a $15,000, 180-day, 10 percent note from a customer on may 31. louvers plans to prepare financial statements as of june 30, the end of its fiscal year. prepare the necessary june 30 adjusting entry for louvers by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns
The interest of $750 (computed as $15,000 × 10% × 180/360) is due at maturity. Between June 30 and November 27, a total of 150 days passed.
The November 27 entry has a debit to Cash for $15,750 (computed as $15,000 + $750),a credit to Interest Revenue for $625 (computed as $15,000 × 10% × 150/360), a credit to Interest Receivable for $125, and a credit to Notes Receivable for $15,000 (the principal).
In finance and economics, interest is the payment by the borrower or deposit-taking financial institution to the lender or depositor of an amount in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party. Interest is earned by the lender on the use of the funds or paid by the borrower on the use of those funds.
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the belief behind employee ownership is the idea that it will: group of answer choices act as a nurturing tool for knowledge workers force employees to determine which motivating factors are most important remove resistance to change promote education and training cause employees to act more like partners than clock watchers
The belief behind employee ownership is the idea that it will cause employees to act more like partners than clock watchers. Hence. the correct choice of answer for this question is option (e).
Give a brief account on employee ownership.Employee ownership refers to any situation in which employees of a firm have the right to receive the value of their company's shares in the form of shares or other property. The idea of employee ownership is broad and can be expressed in a variety of ways, from straightforward grant of shares to highly sophisticated programs.
The employee stock ownership plan (ESOP), a highly tax-advantaged arrangement in which employees own shares through a trust maintained by the company, is the most popular type of employee ownership in the U.S. Stock options, stock grants, synthetic equity (which gives the right to the value of shares but not the actual shares), worker cooperatives, and employee ownership trusts are further types of employee ownership.
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sara shows concern for others, mentors subordinates, encourages subordinates to take initiative in solving problems, and shows appreciation for subordinates' contributions. sara is demonstrating leadership. a) relationship-oriented b) task-oriented c) transformational d) transactionalsara shows concern for others, mentors subordinates, encourages subordinates to take initiative in solving problems, and shows appreciation for subordinates' contributions. sara is demonstrating leadership. a) relationship-oriented b) task-oriented c) transformational d) transactional
Relationally oriented, Sara mentors subordinates, cares for others, and empowers them to take charge of their own difficulties.
What accomplishes a mentor?A mentor may impart knowledge about his or her own work path to a mentee (or protégé), as well as offer direction, inspiration, psychological support, and leadership behaviors. A mentor can provide assistance with career exploration, goal-setting, networking, and resource identification.
What exactly does a mentor do?A mentor is a friend or family member who helps a less experienced individual by fostering trust and serving as an example of appropriate behavior. An excellent mentor is aware of the importance of being dependable, involved, genuine, and attuned to the requirements of the mentee.
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a financial institution has an investment horizon of two years 9.33 months (or 2.777 years). the institution has converted all assets into a portfolio of 8 percent, $1,000 three-year bonds that are trading at a yield to maturity of 10 percent. the bonds pay interest annually. the portfolio manager believes that the assets are immunized against interest rate changes. is the portfolio immunized at the time of the bond purchase? what is the duration of the bonds? will the portfolio be immunized one year later? assume that one-year, 8 percent zero-coupon bonds are available in one year. what proportion of the original portfolio should be placed in these bonds to rebalance the portfolio?
A 13.6 % proportion of the original portfolio should be placed in these bonds to rebalance the portfolio.
The investment horizon is either 21.5 months, 9.5 months, or 1 year. Therefore, the following approach can be used to determine the percentage of bonds that should be in the zeros:
21.5 months is X*12 months + (1-X)*23 months
X = 13.6 percent. As a result, after a year, 13.6% of the bond portfolio should be in zeroes.
The investment horizon will be 1 year, 9.5 months long after the first year. The bonds will be in effect for 1.9247 years, or 1 year and 11+ months, at this time. As a result, the bonds will no longer be immunized.
The tenure of the bonds is 2.7774 years or 33.33 months. Practically speaking, the bond investment horizon was immunized when it was purchased.
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a change in which of the following would increase the short-run aggregate supply curve? i. an increase in consumer spending ii. a decrease in the price of resources iii. a decrease in labor productivity iv. an increase in capital stock
Quantity supplied rises when price rises because a company will sell more if they can sell it at a larger profit.Sticky input prices, such as wages, and sticky output prices, often known as "menu costs," are the two factors that cause the SRAS curve to slope upward.
Unstable input costs Previously, economists held the view that all prices were negotiable.That implies that prices will swiftly adjust to changing conditions, such as a recession.
For instance, if a recession occurs, excessive unemployment will quickly cause wages to decline.Lower salaries encourage businesses to take on more employees.Greater workers equal more output, hence recessions should largely self-correct due to flexible prices (like salaries).
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a supervisor should forecast group of answer choices what type of employees will be needed to staff the department in the future. the direction of the organization. the future economic trends. how the electronic record will affect the department in 15 years.
A supervisor should forecast what type of employees will be needed to staff the department in the future.
Operational efficiency is primarily a measure of how effectively profits are generated in relation to operating expenses. The profitability of a business or investment increases with operational efficiency. For the same or less money than an alternative, the entity can produce more income or returns.
When transaction costs and fees are reduced in the financial markets, operational efficiency happens. Alternatively referred to as an "internally efficient market," a market that is operationally efficient.
Investment transaction costs are typically the focus of operational efficiency in the financial markets. The operational effectiveness of the financial markets is comparable to the operational effectiveness of business procedures for manufacturing. When a transaction has a high margin, it is operationally efficient, meaning that an investor will pay the least amount of money and make the most money.
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john told all the new hires that they could learn about the health benefits associated with their job title by accessing the company website and looking under the "benefits" tab. which aspect of a high-performance work system is john providing?
Information systems are the high-performance work system that john is providing.
What are Information systems?An information system is a coordinated group of parts used to gather, store, and process data as well as to deliver knowledge, information, and digital goods. Information systems are essential for businesses and other organizations to run and manage operations, communicate with clients and suppliers, and engage in market competition. Electronic markets and inter-organizational supply networks are managed by information systems. For instance, businesses utilize information systems to process their financial accounts, administer their human resources, and advertise online to potential clients. Information systems are at the core of many large corporations. These include eBay, which is primarily an auction site.Amazon, a growing online store that offers cloud computing services, and Alibaba, an online marketplace for doing business with other businesses.To learn more about Information systems refer to:
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winnebagel corp. currently sells 1,800 motor homes per year at $77,000 each and 600 luxury motor coaches per year at $120,000 each. the company wants to introduce a new portable camper to fill out its product line; it hopes to sell 800 of these campers per year at $23,500 each. an independent consultant has determined that if the company introduces the new campers, it should boost the sales of its existing motor homes by 90 units per year and reduce the sales of its motor coaches by 10 units per year. what is the amount to use as the annual sales figure when evaluating this project? why?
The amount to use as the annual sales figure when evaluating this project is $259,130,000. As a result, the yearly revenue number to utilize while appraising this project is $259,130,000.
What are annual sales?The total amount of money earned by a corporation during a year is referred to as its yearly revenue or annual sales. Depending on how you handle your accounting, you could measure that year as a calendar or fiscal year. Revenue is distinct from profit because it does not include expenses.
The following is an explanation of the answers:
New units of motor homes per year = Current units of motor homes per year + Expected increase in the unit of motor homes per year = 1,800 + 90 = 1890
New units of luxury motor coaches per year = Current units of luxury motor coaches per year + Expected decrease in the unit of luxury motor coaches per year = 800- 10 = 790
Figure for annual sales = (New units of motor homes per year * Unit of motor homes) + (New units of luxury motor coaches per year × Unit price of luxury motor coaches) + (Expected units of portable camper × Unit price of portable camper) = (1890 × $77,000) + (790 × $120,000)
+ (800 × $23,500) = $259,130,000
As a result, the yearly revenue number to utilize while appraising this project is $259,130,000.
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an organized script for people to address service delivery failures with customers is referred to as a: a. customer failure system. b. customer problem system. c. customer recovery system. d. customer fail-safe system.
A customer recovery system is a set of guidelines for employees to follow when communicating with consumers about problems with service delivery.
Customer recovery is the step a business takes in the wake of a service failure to turn unsatisfied clients into advocates. Successful businesses have a procedure that not only reduces incoming customer complaints but also leaves the client satisfied.
An effective illustration of service recovery is one in which the business strives to address the issue first. For instance, the first thing you should do if you discover an error on your phone account is called the phone service provider. They provide a helpful FAQ website with a self-diagnostic issue section.
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Who is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings?
Every facilitator, event planner, and meeting professional keeps engagement and participation in mind and sets them as objectives when planning meetings, training sessions, or conferences.
The configuration of the space is crucial to achieving this objective. The seating arrangement in a room determines how participants interact with one another and receive content. It is a crucial component of every event because the ambiance the venue creates will influence both the speaker's effectiveness and the audience interaction.
In a sense, a speaker's audience is always separated from them by an invisible wall. Additionally, there is a psychological barrier between audience members, particularly when they are unfamiliar with one another.
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beginning from a trade deficit, a policy that attempts to increase net exports by restricting imports from abroad most likely will:
Increasing the exchange rate a technique that minimizes imports from overseas in an effort to boost net exports.
What are exports and imports?Exports are products and services created in the homeland for sale in foreign markets, whereas imports would be any good or resource carried in from from country to another. This means that depending on how you approach the transaction, you may be buying or exporting a commodity (or both).
Why are exports important?For companies of all sizes, exporting can be profitable. Sales generally increase more quickly, more jobs are added, and employees make more money than in ou pas firms. Advantage in the marketplace. It United States is renowned throughout the world for its innovative products and services, excellent customer support, and ethical corporate methods.
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through what methods can a leader energize employees? group of answer choices show employees that work can be fun. be optimistic. be optimistic and show employees that work can be fun all answer choices are correct have a good work ethic.
The correction answer is option D. The leader can energize the employees by all the given methods.
How effectively you communicate with your staff will determine how you can motivate them. If you don't fully comprehend the team aim, it can be difficult to feel invested in it. Overcommunicate your objectives and the roles you anticipate each person to play. Inform your customers frequently about business changes and progress. High communication and close ranks are essential for preserving alignment during chaotic times.
Set tiny, attainable, short-term goals for each employee that are in line with the overarching mission objective as opposed to massive, long-term goals for your team. Trust your staff, and give them room to participate significantly. Ask for opinions. Listen carefully and find out how you may assist them in enhancing their performance. Create a nice work atmosphere for your staff.
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a bond with duration of 10 years has a yield to maturity of 10 percent. this bond's volatility (modified duration) is
The bond's volatility (modified duration) is 9.09%
How are bonds volatile?volality = duration / ( 1 + yield )
so,
10/(1.10) =9.09%
Bonds will always be less volatile than equities on average since their revenue flow is better understood and more predictable. The performance of equities is surrounded by more uncertainties, which raises their risk level and volatility.The volatility of a bond refers to how much its price changes as a result of shifting interest rates. The coupon rate and the date of retirement of a bond affect its volatility (at maturity or call date).The longest durations are typically seen in bonds with extended maturities and low coupons. These bonds are more volatile in a rate environment where interest rates are fluctuating because they are more susceptible to changes in market rates.To learn more about bonds refer to:
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what method of handling conflict uses an independent third party and avoids the costs of litigation and unilateral decision making?
Alternative dispute resolution is the method of handling conflict uses an independent third party and avoids the costs of litigation and unilateral decision making.
What do you mean cost?A cost is the value of money that's been used to create something or deliver a service and is now unavailable for use in manufacture, doing research, selling it to consumers, and preserving bank documents. When calculating a purchase price, the sum of the acquisition's costs is taken into account.
What are cost examples?Raw materials, personnel, and other output expenditures such as distribution charges are all called strategic costs. It is simple to link the expense to a specific project, division, or product.
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The _ return is the return that an investor will probably earn on a risky asset in the future.
The predicted/expected returns is the go back that an investor will possibly earn on a volatile asset withinside the future. The predicted go back is the quantity of income or loss an investor can count on receiving on an funding.
An predicted go back is calculated with the aid of using multiplying capability consequences with the aid of using the percentages of them going on after which totaling those results. Expected returns can't be assured. The predicted go back for a portfolio containing a couple of investments is the weighted common of the predicted go back of every of the investments. Understanding Expected Return : Expected go back calculations are a key piece of each commercial enterprise operations and economic theory, which include withinside the famous fashions of the current portfolio theory (MPT) or the Black-Scholes alternatives pricing model.
For example, if an funding has a 50% threat of gaining 20% and a 50% threat of dropping 10%, the predicted go back might be 5% = (50% x 20% + 50% x -10% = 5%)The predicted go back is normally primarily based totally on ancient facts and is therefore now no longer assured into the future; however, it does frequently set reasonable expectations. Therefore, the predicted go back parent may be idea of as a long-time period weighted common of ancient returns. In the system above, for instance, the 5% predicted go back can also additionally in no way be found out withinside the future, because the funding is inherently challenge to systematic and unsystematic risks. Systematic threat is the risk to a marketplace area or the complete marketplace, whereas unsystematic threat applies to a particular organisation or industry.
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jennifer bought a brand new treadmill on a credit plan at befit exercise equipment. befit will charge her 18% per year compounded monthly. if her monthly payments will be $200 for 3 years, how much was the original price of the treadmill?
The original price of the treadmill bought by Jennifer is $5532.13
Compounding interest on both the principal and the accrued interest is implied by the term "monthly compound interest," which refers to interest that is compounded each month. The principal amount times one plus the interest rate divided by a number of periods, raised to the power of the number of periods, is how monthly compounding is computed. The interest amount is calculated by deducting that sum from the principal amount.
Annual interest rate, i = 18% = 0.18
Period of payments, n = 3 years
Monthly payments, E = $200
The applicable formula is;
P = E [1-(1+i/12)^(-12n)]/[i/12]
Where;
P = Original price of the treadmill
Substituting;
P = 200[1-(1+0.18/12)^(-12*3)]/[0.18/12] = $5532.13
Therefore, the original price of the treadmill was $5532.13
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numerous environmental laws and regulations have recently changed. senior management has asked the chief audit executive to perform an environmental audit to be completed as soon as possible. the internal audit activity currently is performing an operational audit. as a result, the chief audit executive must make difficult decisions about resource allocation. which of the following is the least significant issue in determining whether to reallocate audit resources? the results from the prior financial audits. the potential fraud discovered during the operational audit. potential cost to the organization for noncompliance with the new environmental laws and regulations. the knowledge, skills, and competencies of the internal audit staff.
The least significant issue is the results from the prior financial audits in determining whether to reallocate audit resources.
Allocation of resources is done by the internal auditors after analyzing and determining the availability of resources in order to establish the engagement objectives in the environmental audits. There are certain factors that need to be considered in the allocation process:
Full information regarding both ongoing audits and new engagements.The consequences of not completing either engagement within a time limit.The knowledge, skills, and competencies regarding allocating resources and precision work of the internal audit staff with due professional care.Knowing prior audit details is irrelevant and least significant in determining of reallocation of resources.
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suppose a firm is currently minimizing costs in the long run with marginal product of labor and marginal product of capital given by k and l, respectively. if the price of capital falls by 50%, the capital-to-labor ratio will:
If the price of capital falls by 50%, the capital-to-labor ratio will: Double
At optimal point,
MPK/MPL = Price of K/Price of L
Substitute the given information as:
L/K = r/w
K/L = w/r
When r decreases by 50%,
L'/K' = 0.5r/w
Or,
K'/L '= 2w/r
From above,
K'/L' = 2(K/L)
Thus, capital to labor ratio (K/L) will double as double of capital will now be used since its price has fallen by half.
Therefore, it doubles
What is capital-to-labor ratio ?
Capital to Labor ratio measures the ratio of capital employed to labour employed. The capital-labor ratio (K/L) can measure the capital intensity of a firm. The ratio of capital to labor ratio reflects changes in the labor productivity of company employees. Its increase indicates a positive trend.
Hence, If the price of capital falls by 50%, the capital-to-labor ratio will: Double
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imagine that you have been hired by a famous advertising agency. your first assignment is to design a campaign for a new brand of designer water. in reality, however, the designer water is no different from the regular city water. in this case, you are best off using the route, because .
You work for an advertising agency. You have been assigned to come up with an advertising campaign for a new brand of designer water. In this case, you are best off using the peripheral route, because you don't have strong arguments for why your product is superior.
What's the part of an advertising agency?Advertising Agency is just like a knitter. It creates the advertisements, plans how, when and where it should be delivered and hands it over to the customer. Advertising agencies are substantially not dependent on any associations. These agencies take all the sweats for dealing the product of the guests.
What's significance of advertisement?Advertising is a type of paid creation that brings attention to your crucial communication, and it's the pivotal coming step for making your digital marketing strategies work. It increases your brand exposure so you can snappily achieve your business pretensions, from erecting your client base to growing your deals volume.
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item x is a standard item stocked in a company's inventory of component parts. each year the firm, on a random basis, uses about 1,600 of item x, which costs $25 each. storage costs, which include insurance and cost of capital, amount to $8 per unit of average inventory. every time an order is placed for more of item x, it costs $16. a. whenever item x is ordered, what should the order size be? (round your answer to the nearest whole number.)
The annual cost of owning, operating, and maintaining an asset throughout its lifetime is known as the equivalent annual cost (EAC).
Because it enables a company to compare the cost-effectiveness of various assets with differing lifespans, EAC is frequently utilized in capital budgeting decisions.
Capital budgeting is one of many uses for the equivalent annual cost (EAC).However, the majority of the time, it is utilized to analyze two or more potential projects with distinct durations, where costs are the most important variable.
EAC can also be used to figure out how long an asset should last, whether it's better to lease or buy it, how much it will cost to maintain an asset, how much savings are needed to buy a new asset, and how much it will cost to keep equipment that is already in use.
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the manager of a publishing company plans to give a $20,000 bonus to the top 15 percent, $10,000 to the next 30 percent, and $5,000 to the next 10 percent of sales representatives. if the publishing company has a total of 200 sales representatives, what is the expected bonus that the company will pay?
We can often find expected values for probabilistic events, like the expected value of making a number of uncertain investments.
However, we can also find expected values for less uncertain expectations, like the amount of money a company plans to pay sales representatives in bonuses.
30 people comprise the top 15% of 200 sales representatives. A subtotal of 30 times $20,000 equals $600,000, with a bonus of $20,000 for each of these.
How does Expected Value work?
A random variable's long-run average value is the expected value, which can also be referred to as EV, expectation, average, or mean value. The probability-weighted average of all possible values is also shown. The concept of expected value is frequently used in finance.
How is the expected value determined?
Simply multiply each value of the discrete random variable X by its probability and add the products to get the expected value, E(X), or mean. The formula is as follows: E (X) = = x P (x)
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marketing research needs to be an ongoing process at a firm since changes in the marketplace and among consumers is a continuous process.
Since customer and market trends are constantly changing, marketing research needs to be a continual activity at a company, true.
What exactly is market research?Marketing research is the procedure used by a firm to obtain data on its target market and ideal customer in order to inform its go-to-market strategy. Data collecting for this study may involve talking to existing or past clients, consumers in your target market, or even the marketing efforts of rivals.
A business benefits from marketing research when it learns what customers like and hate about a product or service as well as what they claim they want. These insights can significantly influence a business's decision-making and are available in both quantitative and qualitative forms.
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in a business, whose job is it to draw up plans to transform resources into products and bring together basic resources, such as knowledge, physical materials, equipment, and labor?
In a business, whose job is it to draw up plans to transform resources into products and bring together basic resources, such as knowledge, physical materials, equipment, and labor is known as operation manager.
Operation manager is the important part of the management team who oversee top level manager duties.
They analyze the operation process and improves work efficiency which improves quality and productivity of the product.
They are also known as Chief operating officer.
They make the important strategic decisions, policies planning and provides leadership to the team members.
It also helps the human resource manager in the recruitment process.
He works with the senior level managers and take important decisions regarding the organization.
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