When a shortage occurs in a competitive market, there is an incentive for suppliers to "increase" the quantity of a good or service supplied to the market.
A Market Shortage occurs when there is excess demand- that is quantity demanded is greater than quantity supplied. In this situation, consumers won't be able to buy as much of a good as they would like.
What happens when a shortage occurs?A shortage is a situation in which demand for a product or service exceeds the available supply. When this occurs, the market is said to be in a state of disequilibrium. Usually, this condition is temporary as the product will be replenished and the market regains equilibrium.To learn more about competitive market shortages, click the links.
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Correct Question - When a shortage occurs in a competitive market, there is an incentive for suppliers to the quantity of a good or service supplied to the market.
The _______ method analyzes the length of time it takes to recover, in net cash inflows, the cost of the initial investment.
A capital investment analysis method that measures the length of time it takes to recover, in net cash inflows, the cost of the initial investment.
A Capital investment analysis refers to a budgeting procedure which is used by companies and government agencies to assess the potential profitability of a long-term investment.
The payback period method is used in order to calculate investment returns, this is a method commonly used by corporations, investors, and financial professionals. Thus, to recover the initial costs associated with an investment, this method helps in determining how long it would take to do so.
Hence, capital investment analysis method that measures the length of time it takes to recover, in net cash inflows, the cost of the initial investment.
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In the republic of yemen, per capita real gross domestic product (gdp) in 2004 was $2,109. 27. By 2005, it had increased to $2,203. At what rate did yemen’s economy grow in that time?
The rate at which Yemen's GDP and economy grew at that was at the rate of $94 per year.
Rate of growth is considered a measure of how a magnitude increases in a determined time. Thus, if the magnitude changes from x1 to x2 in a time t, then the rate of growth is:
r = x2 - x1 / t
Thus, the GDP of Yemen in 2004 went from $2,109 to $2,203 in the year 2005. So,
r = 2,203 - 2,109 / 1
r = $94 per year
GDP counts all of the output generated within the borders of a country. It also measures the monetary value of final goods and services which are bought by the final user and produced in a country in a given period of time.
Hence, the Yemen's economy grew at the rate of $94 per year.
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In a small open economy with a floating exchange rate, an expansionary fiscal policy?
In a small open economy with a floating exchange rate, the trade rate will upward push, but income will remain unchanged.
Below a floating exchange fee the upward thrust in interest quotes will cause an growth within the price of the foreign money. The growth inside the fee of the home foreign money will reduce net exports, worsening the consequences of crowding out. therefore monetary policy is less powerful with floating trade rates.
While the authorities takes an expansionary financial method, this will increase interest quotes because the authorities has to promote bonds to raise the money it wants to spend; in flip, this attracts overseas capital and the demand for dollars, and ultimately increases the exchange charge.
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The trade rate will upward push, but income will remain unchanged.
When the government takes an expansionary financial method, this will increase hobby charges because the authorities has to sell bonds to elevate the money it desires to spend; in flip, this attracts foreign capital and the call for for greenbacks, and ultimately increases the trade fee. Beneath a floating exchange price the upward push in interest .
Charges will lead to an increase in the value of the foreign money. The growth within the value of the home foreign money will lessen internet exports, worsening the results of crowding out. as a consequence fiscal policy is less effective with floating change rates.
Trade refers to the voluntary exchange of goods or services between economic actors. Since transactions are consensual, trade is generally considered to benefit both parties. In finance, trading refers to the purchase and sale of securities or other assets.
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A company that is losing money to international competitors will most likely __________ to stay in business
A company that is losing money to international competitors will most likely move its manufacturing to a country where workers are paid less to stay in business.
International Competition means the Summer or Winter Olympic or Paralympic Games, World Championships, European Championships, or any other international sporting competition recognized by an International Federation or International Federation of Sports for the Disabled. Example 1 Example 2 Example 3.
By adopting strong strategies, understanding local labor laws, focusing on speed to market, and using partnerships to drive efficiency and innovation, companies can: Get the competitive advantage they need in the global marketplace.
The question is incomplete. Please read below to find the missing content.
A company that is losing money to international competitors will most likely __________ to stay in business.
merge with a similar company
sabotage the competition
move its manufacturing to a country where workers are paid less
increase its advertising budget
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When conducting performance appraisals, Steve, an Operations Manager at Pucoy Inc., provides his team members with feedback about their work and discusses areas of improvement for their future growth in the company. In this scenario, Steve demonstrates a(n) _____ use of performance appraisal.
The manager at Pucoy Inc. Steve is performing appraisal for the employees, he is performing appraisal using the development trait of the performance appraisal.
What is Appraisal?Appraisal is the process of reviewing an employee's performance, this is usually conducted on a semi annual or annual period. The performance appraisal is usually conducted by the line manager and or a HR representative.
Steve is showing good qualities as he is appraising the employees, He is also providing feedback on the area of improvement and also discussing the future growth options and strategies for the employee in the organization. This trait is a development use of performance appraisal.
Performance appraisals are an important part in an organization as it encourages the employees to work hard and effective. The annual salary increments are also based on this performance appraisals.
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It's often necessary to make adjustments to inventory quantities. How would you make those adjustments?
It's often necessary to make adjustments to inventory quantities.
You can either edit the quantity in the Products and Services List or choose + New Inventory Qty Adjustment.
A product is an object, system, or service offered for consumer use on demand. It is everything we can offer to the market to meet the wants and needs of our customers.
Goods are goods offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. Billable prices vary by market, quality, marketing, and target segment.
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Under a perpetual inventory system, the amount of each type of merchandise on hand is available in the a.customer's ledger b.purchase ledger c.inventory ledger d.creditor's ledger
Option D. Under a perpetual inventory system, the amount of each type of merchandise on hand is available in the inventory ledger.
What is the inventory ledger?This is the ledger or the stock of inventory that is able to track all of the transactions that are done in the inventory of the business firm. The inventory is one that tells one of the stock of goods in the firm and this has to match up with what is available in the general ledger of the firm.
The inventory ledger is used by putting the date that the purchases where made in the columns that they should be found. also the description of the ledger has to be entered in the part that says description.
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Markets tend toward equilibrium and, as a result, will tend to eliminate shortages and surpluses. why?
Markets tend toward equilibrium because, when there is a scarcity, consumers who are dissatisfied with their inability to acquire the items or services they desire will try to bid the prices higher, causing the market to move toward equilibrium.
If there is a surplus, the price must fall to attract extra amount required while decreasing quantity provided until the surplus is gone. If there is a scarcity, the price must rise to lure greater supply and limit the amount required until the deficit is gone.
Therefore, since the consumers are dissatisfied and they are unable to get the items or the services will bid the high price to get those items or services resulting the market to moves towards the equilibrium.
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For which type of innovation will consumer education be most important, perhaps requiring personal selling to gain product trial?
The discontinuous innovation is the type of innovation will consumer education be most important, perhaps requiring personal selling to gain product trial.
What is meant by consumer education?This is the term that is used to refer to the training that the consumers of a product would be made to face that would help them in the making of decisions especially when it comes to the consumption of a particular product. This would help them to make the types of decisions that are informed.
Hence we can conclude that the discontinuous innovation is the type of innovation will consumer education be most important, perhaps requiring personal selling to gain product trial.
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A(n)____is a contractual agreement whereby someone with a good idea for a business sells others the rights to use a business name and sell a product or service in a given territory in a specified manner.
A Licensing is a contractual agreement whereby someone with a good idea for a business sells others the right to use a business name and sell a product or service in a given territory in a specified manner.
A license is formal permission or authorization to do, use, or possess something. Licenses are granted by one party to another party as part of the agreement between the parties. In the case of a government-issued license, the license is obtained upon application.
A business agreement in which a company authorizes another company to manufacture its products in return for a specified payment. There are few faster and more profitable ways to grow your business than licensing patents, trademarks, copyrights, designs and other intellectual property to others.
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Why would a profit-maximizing firm pay its workers more than what workers are paid at other firms in the same market?
A profit-maximizing firm pays its workers more than what workers are paid at other firms in the same market, this efficient wage decrease shirking, increase retention, higher quality recruits, and healthier employees
"Profit-maximizing firms pay their workers more than what workers are paid at other firms in the same market" What was the purpose behind this?
This efficiency wage is designed to reduce employee turnover, boost productivity and morale among employees, and enhance the pool of qualified job applicants. These goals may be attained by paying a salary rate above the going rate because doing so raises the opportunity cost of leaving or being dismissed. Paying an efficiency wage may actually result in lower labor expenditures for the company because acquiring and terminating staff can be expensive.
What does the efficiency wage theory suggest?
The efficiency wage hypothesis, often known as the notion of efficiency wages, contends that salary and worker productivity are positively correlated. In other words, a worker who is paid more will put in more effort and generate more output than one who is paid the wage determined by supply and demand.
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Beryl company sells flash drives per week. purchaseorder lead time is weeks and the economicorder quantity is units. what is the reorder point?
1800 units are the reorder point.
Option B. 1800 units.
Reorder Point = Maximum usage rate × Maseimutin lead time.
-> In given the Mancimum Sells of 900 hard drives.
Per week is the Maximum usage rate
and
Purchase order Lead time. 2 weeks is the maximum Lead time
is maximum
So
Reorder Point = 900 x 2
Reorder Point. = 1800 unit
A reorder point (ROP) is a specific level at which inventory needs to be replenished. That means it will tell you when to order so you don't run out of stock.
Reorder Point formula is Lead Time Requirement + Safety Stock. Of course, to do an accurate calculation, you need to determine your lead time and safety stock needs.
Berkshire Ltd. sells 900 hard drives per week. Purchase-order lead time is 2 weeks and the economic-order quantity is 1625 units. What is the reorder
a. 1625 units
b. 1800 units
C. 1450 units
d. 3250 units
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What is a good practice before taking out a student loan?
A. Calculate the simple interest on the principal of the loan.
OB. Calculate the annual balloon payment to make sure you will be
able to afford it.
C. Calculate the total amount of compounded interest to see if you
are getting a good deal.
O D. Calculate the monthly payment to make sure you will be able to
afford it.
A typical good practice before taking out a student loan are:
calculate the annual balloon payment to make sure you will be able to afford it.calculate the monthly payment to make sure you will be able to afford it.What is a student loan?This is a kind of financial aid in form of money borrowed from the government or a private lender in order to pay for college.
The loan given to the student is expected to be paid back later with the interest that builds up over time and such money gotten are usually used for tuition, room and board, books or other fees.
Hence, the typical good practice before taking out a student loan are calculate the annual balloon payment to make sure you will be able to afford it and the monthly payment to make sure you will be able to afford it.
Therefore, the Option B & D is correct.
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Answer: Calculate the monthly payment to make sure you will be able to afford it
The optimal capital structure is the one where the percentages of debt, preferred stock, and common equity minimize the firm's value. true or false?
This is false that The optimal capital structure is the one where the percentages of debt, preferred stock, and common equity minimize the firm's value.
The best combination of debt and equity financing that increases market value while lowering a company's cost of capital is known as an optimal capital structure. One strategy for aiming for the lowest cost mix of financing is to minimize the weighted average cost of capital (WACC).
Financial management greatly benefits from having the ideal capital structure. It enables a business to efficiently raise the required capital from a variety of sources. The ratio of debt to equity in the ideal capital structure will maximize the firm's wealth. The market price per share is at its highest and the cost of capital is at its lowest with this capital structure.
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If a 2-year capital project has an internal rate of return factor equal to 1.69 and net annual cash flows of $51000, the initial capital investment was
If a 2-year capital project has an internal rate of return factor equal to 1.69 and net annual cash flows of $51000, the initial capital investment was
CI= $86190.
This is further explained below.
What is a capital investment?Generally, A company's purchase of tangible assets for use in advancing its long-term business aims and objectives is capital investment.
In conclusion,
capital investment
CI=51000x1.690
CI= $86190
If the internal rate of return factor for a two-year capital project is equal to 1.69 and the net yearly cash flows are equal to $51,000, then the original capital expenditure for the project was equivalent to $86190.
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You are obtaining the rights to a script, securing financing for a film, and hiring a cast and crew for a production. this is part of the process of:_______
Hiring a cast and crew for a production. this is a part of the procedure of An opportunity to marketing campaign for higher pay and operating situations.
A campaign is defined as a sequence of prepared movements that are finished for one purpose. An example of a marketing campaign is a set canvassing for a politician walking for the workplace. a chain of operations undertaken to achieve a fixed aim. An election marketing campaign; a navy marketing campaign. A marketing campaign is a planned set of activities that human beings perform over a time frame with the purpose to attain something including social or political trade.
A marketing campaign is a multi-channel promotion focused on a topic, occasion, or particular content material. advertising campaign thoughts are the posted content material, or occasions, that deliver your message to your target market. advertising campaigns are organized, strategized efforts to sell a specific employer intention, including raising awareness of a new product or shooting client feedback.
The successful campaign first and closing establish credibility and an experience of truth and rightness in all that they do. human beings, merchandise, and thoughts all seem to be affordable, possible, ready, trustworthy, professional, and so forth. It is straightforward to simply accept what is stated as honest and tough to make accusations of mendacity or deception.
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Economies of scale exist when a firm's ___________ average costs fall as it __________ output
Long-run and increase are correct phrases as the short-run average cost (SRAC) curves, each of which represents a distinct level of fixed costs, form the foundation of the long-run average cost (LRAC) curve.
The least expensive average cost curve for any level of output will be the long-run average cost curve.
How can scale economies work?Benefits from economies of scale might result from a business's size being expanded. For instance, while making significant purchases, a business could profit from economies of scale.
Through the negotiation of a lower price per unit and the simultaneous purchase of a large number of items, it was able to outbid competitors.
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Suggestion boxes, employee attitude surveys, and grievance procedures are examples of?
Suggestion boxes, employee attitude surveys, and grievance procedures are examples of upward communication.
An organizational structure defines the flow of information and different works in an organization. This structure defines the direction of workflow and formal communication in the company.
Organizational structure is a visual representation of decision-making. It is an extremely useful process in the division of roles, responsibilities, and their authorities in an organization.
Upward communication is that type of organizational communication in which the flow of information is flown from lower levels in an upward direction.
This type of communication creates a friendly environment in the organization because it is a type of vertical two-way communication. Upward communication enables the employees participation and boosts employee morale as they feel valued.
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What is an quantitative variable for which the median is used to measure central tendency?
The median is usually preferred to other measures of central tendency when your data set is skewed (i.e., forms a skewed distribution) or you are dealing with ordinal data. However, the mode can also be appropriate in these situations, but is not as commonly used as the median.
INTERPRETATION-
If the data being analyzed is qualitative, then the only measure of central tendency that can be reported is the mode. However, if the data is quantitative in nature (ordinal or interval/ratio) then the mode, median, or mean can be used to describe the data.
With quantitative data, the shape of the distribution of scores (symmetrical, negatively or positively skewed) plays an important role in determining the appropriateness of the specific measure of central tendency to accurately describe the data. If the distribution of scores is symmetrical or nearly so, the median and mean (as well as the mode) will be real close to each other in value.
In this case, the mean is the value of central tendency that is usually reported. However, if the distribution of scores is positively or negatively skewed, the mean will tend to either overestimate (in positively skewed distributions) or underestimate (in negatively skewed distributions) the true central tendency of the distribution. In extreme cases of skewed data, the mean can lie at a considerable distance from most of the scores.
Therefore, in skewed distributions, the median will tend to be the more accurate measure to represent the data than the mean because the median can never have more than one half the scores above or below it.
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The organization-wide view of the entire database that lists all data elements and the relationships between them is called?
The organization-wide view of the entire database that lists all data elements and the relationships between them is called Conceptual-level schema.
A conceptual schema is a high-level description of the information needs on which the database design is based. It usually contains only the main concepts and the main relationships between them. Typically, this is a first-cut model with insufficient detail to create a real database.
A conceptual schema or high-level data model or conceptual data model is a map of concepts and their relationships. For example, a karate studio's conceptual schema includes abstractions such as students, obis, grades, and tournaments.
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When given the gdp of a country without reference to a specific length of time, it is best to assume that the time period is:_________
Ans. When given the GDP of a county without reference to a specific length of time, it is best to assume that the time period is one year.
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country. GDP is composed of goods and services produced for sale in the market and also includes some nonmarket production, such as defense or education services provided by the government. An alternative concept, gross national product, or GNP, counts all the output of the residents of a country.
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Over a 10-year period, Rebecca goes to
college for 4 years and works for the next
6, while Mark works for the full 10 years.
Rebecca earns twice as much as Mark
after she graduates.
Rebecca is earning twice as much as Mark because she has added value to herself by getting educated and would most likely be able to solve problems faster and more efficiently than Mark assuming they are in the same industry. Here in lies the value of education.
How does education help us earn better?
Education helps to drive innovation and critical thinking. Psychologically, education is one of the best ways to keep the mind active and sharp.
For a society to advance economically, education is essential. In order to consistently be creative, we require employees to pursue new knowledge and research.
Higher literacy rates are also associated with better economic conditions in a nation.
A population with higher levels of education has access to more work options. This is because education fosters research and innovation.
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If a regulator sets the price in a natural monopoly equal to the monopolist's marginal cost, the monopolist will?
A regulator sets the price in a natural monopoly equal to the monopolist's marginal coast, the rate is identical to marginal cost (P = MC), as in figure three.14. The aggressive fee and amount are laptop and quality control. The monopoly price and quantity are located where marginal revenue equals marginal cost (MR = MC): PM and QM.
The fee of manufacturing the ultimate unit is extra than the price, and is consequently making a loss, decreasing profit. in the change case, if it's miles less than the fee, by using producing extra gadgets, profits can be elevated. hence, it is ideal for them to set fee same to marginal fee.
Marginal fee pricing is the practice of setting the fee of a product at or barely above the variable cost to provide a further unit of output. Marginal fee pricing most effective covers the variable charges of manufacturing and does no longer bear in mind constant expenses.
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Which level of threat includes disgruntled employees seeking to harm your systems?
Unstructured threat level of threat includes disgruntled employees seeking to harm your systems.
An unstructured threat is a computer attack by inexperienced hackers, also known as "script kids," who exploit software made by more experienced hackers to access a system, steal data from it, or execute a denial-of-service attack.
The quantity of hackers who constitute an unstructured threat to a system more than makes up for their lack of competence. Mission-critical servers are typically protected by numerous layers of security, making it difficult for script kids to access them.
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If a particular problem affects people every day, an entrepreneur could characterize that problem as?
If a particular problem affects people every day, an entrepreneur could characterize that problem as pervasive.
A situation, question, or item that raises a difficulty, tension, or doubt is referred to as a problem. A challenge is a question posed to provoke contemplation. A statement or equation that needs to have a solution is referred to as a problem in mathematics. The problem can also be used as an adjective and in a few more noun senses. A pervasive problem is a common example of something we don't want to proliferate throughout every area of anything.
People with strong problem-solving skills will advance the company more successful. Those who lack the skills to solve problems will invariably suggest inadequate solutions to important business problems, suggestions that will either fail to resolve the underlying problem or even make it worse.
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When stock is issued for legal costs incurred in forming a corporation, the transaction is recorded by debiting organization expense for the:_______.
When stock is issued for legal costs incurred in forming a corporation, the transaction is recorded by debiting organization expenses for the fair value of the stock.
Fair value is the sale price agreed upon by a willing customer and dealer. The fair value of a stock is determined through the marketplace wherein the stock is traded. Fair value additionally represents the cost of a organisation's assets and liabilities when a subsidiary company's financial statements are consolidated with a parent company
Market value is purely decided by the elements of demand and supply, and it is the price that isn't decided by the fundamental of an asset. Fair value refers to the real worth of an asset, which is derived fundamentally and is not determined by way of the factors of any market forces.
Upon issuance, common stock is recorded at par value with any amount acquired above that figure reported in an account such as capital in excess of par value. If issued for an asset or service instead of cash, the recording is primarily based at the fair value of the shares given up.
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Under the statue of frauds all contracts for the sale of real estate must be in writing. the principal reason for this statue is to:____.
Contracts for the sale or transfer of a hobby in the land, and. A contract that can't be achieved within 365 days of the making
The Statute of Frauds can be satisfied via any signed writing that
(1) fairly identifies the problem count number of the settlement,
(2) Is sufficient to suggest that a contract exists,
(3) States with reasonable reality the fabric phrases of the contract.
The statute of fraud is a commonplace law idea that calls for written contracts for sure agreements to be binding. The statute applies to land sales and maximum purchases of products over $500. There are widespread exceptions, such as oral contracts wherein paintings have already started out.
Contracts that cannot be completed within three hundred and 65 days have to be in writing. however, any contract with an indefinite period does no longer want to be in writing. irrespective of how long it takes to perform the obligations of the settlement if it has an indefinite length, it does not fall beneath the Statue of Frauds.
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According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build.
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build. are called "Short-Term sales."
What is short term sales?An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.
Some characteristics of short term sales are-
A stock that its an investor believes will lose value in the near future is sold short.A trader borrows shares on margin for a set length of time to complete a short sale, selling the stock when the price is attained or the period of time has passed.Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques.Additionally, they come with regulatory hazards.To be successful, short sales need to be timed almost perfectly.To know more about short-term investment, here
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True or false? companies purchase insurance to reduce the impact of threats. true false
TRUE, companies purchase insurance to reduce the impact of threats.
Insurance is protection against financial loss. It is a form of risk management used primarily to hedge the risk of potential or uncertain losses. Companies that provide insurance are known as insurers, insurers, insurers, or underwriters.
Insurance is a way of managing risk. When you buy insurance, you are buying protection against unexpected financial losses. If something bad happens to you, the insurance company will pay you, or someone you choose. If you do not have insurance and an accident occurs, you can pay all related costs.
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The amount of products or services an organization can produce in a given time is known as:_______
The amount of products or services an organization can produce in a given time is known as capacity. Capacity is the maximum amount of output that a company can maintain in order to manufacture a product or provide a service.
Depending on the industry, capacity can refer to a manufacturing process, human resource allocation, technical thresholds, or a variety of output concepts. Capacity planning necessitates management's acceptance of production process constraints.
No system can operate at full capacity for an extended period of time; inefficiencies and delays make reaching a theoretical level of output in the long run impossible. Capacity assumes a constant maximum output level.
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