How to reduce agency problems between shareholders and management?

Answers

Answer 1

Performance-based share and bonus plans are the primary strategies used by businesses and their shareholders to address the agency issue.

What are the remedies for issues with agency between stockholders and managers?

Offering stock packages or commissions for the decisions made by the administration and their effects on the shareholders can help companies settle the agency issues that exist between the company's investors and management.

What solutions are there to the issues facing agencies?

You can avoid the agency issue in your company by mandating complete openness, putting limitations on the agent's skills, and linking your remuneration plan to the welfare of the principal.

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A journal with two amount columns in which all kinds of entries can be recorded. answer choices
General Journal
Sales Journal
Purchases Journal
Cash Payments Journal

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Generally speaking, generally speaking .A generic journal is a journal with two amount columns that can be used to record any type of entry.

Instead of passing a separate entry for each similar transaction that occurs on the same day, one combined entry may be passed if there are two or more transactions of the same kind that involve the same debit account or credit account. Compound journal entries are those kinds of entries. Double-entry accounting entails that debit and credit sides are always used to record transactions. Debit and credit are terms used to describe the left and right sides of a journal entry or account, respectively. The total of the credit side amounts should equal the total of the debit side amounts.

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The above figure shows the U.S market for chocolate. With international trade, consumer surplus____is equal to A) area C+area D. B) area B area C+area D. C) area A. D) area E E) area A area B+ area C+ area D.

Answers

Answer:

area C+ area D is the correct answer.

Explanation:

A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero, are called_____A. Zero-Based BudgetB. ReconcileC. Positive net worthD. Overdraft

Answers

A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero, are called  "Zero-Based Budget". The correct option is A.

The cash flow is the total or sum of amount of money which is being transferred in the business account and out of a business. Example of cash flow, the cash paid for the operating expenses and the inventory purchases. The zero based budget has the feature to enable the cost control.

The type of cash flow has three type which is operating cash flow, investing cash flow, and financing cash flow. The advantage of zero based budget has the feature to enable the cost control.

It is the method to align company spending with the strategic goals. For the expense reason the zero-based budget is assigned to the every income in dollars.

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1. What would be the best way to visualize latent prints on the following materials: A) matchbook cover (cardboard), B) Popsicle stick, C) Vinyl upholstery, D) Cigarette butt, E) Broken bottle, F) Handkerchief, G) Toilet seat, H) Lightbulb

Answers

The best way to visualize latent prints on the following materials are: -

A) matchbook cover (cardboard), - Iodine fuming, Ninhydrin, Silver nitrate

B) Popsicle stick, - Iodine fuming, Ninhydrin, Silver nitrate

C) Vinyl upholstery, - Superglue fuming

D) Cigarette butt, - Iodine fuming, Ninhydrin, Silver nitrate

E) Broken bottle, - Dusting with a fine powder

F) Handkerchief, - Superglue fuming

G) Toilet seat, - Dusting with a fine powder

H) Lightbulb" - Dusting with a fine powder

It is a highly versatile and important chemical that has a wide range of uses in different fields, including photography, medicine, and chemistry. In the field of photography, silver nitrate is used to make black and white photographic prints and film. It is used as a light-sensitive material that reacts to light and produces an image when exposed to light.

In the medical field, silver nitrate is used as an antiseptic and astringent agent. It is often applied topically to treat wounds and burns, as well as to prevent infection and promote healing. Silver nitrate is also used in the field of chemistry, where it is a common reagent for the synthesis of other chemicals. It is used as a precursor to produce other silver compounds, as well as in analytical chemistry to test for the presence of certain ions in a solution.

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real estate is considered an illiquid asset because....?

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Real estate is considered an illiquid asset because it cannot be easily converted into cash without incurring significant transaction costs or experiencing a delay in the transaction.

In other words, it is not readily tradable in a market, and its value is not easily determined. The process of buying or selling real estate typically involves several steps, such as finding a buyer or a seller, negotiating a price, obtaining financing, and transferring ownership through legal processes. These steps can take time, and they involve transaction costs such as real estate agent commissions, legal fees, and transfer taxes. Moreover, the value of a real estate can be subject to fluctuations based on various factors, such as changes in the local economy, supply and demand, and interest rates.

As a result of these factors, real estate is considered an illiquid asset, meaning that it is not easily converted into cash. This can be a disadvantage for investors who may need to sell the property quickly or who want to diversify their portfolio.

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The current in a 120 V reading lamp is 2.4 A .
If the cost of electrical energy is $0.075 per kilowatt-hour, how much does it cost to operate the light for an hour?

Answers

The potential in terms of cents is actually 3 cents given that the price of electrical energy is $0.09 per kilowatt hour.

What does the term "electric current" mean?

Electric current describes both how much electricity is going through a circuit and how it is flowing in an electronic circuit. It is expressed in amps (A). More electricity is flowing in the circuit when the amperage value is higher.

What do you mean by a current?

An electrical charge carrier flow known as current often involves electrons or atoms lacking in electrons. The capital letter I is frequently used as a symbol for current. Amperes are the common unit and are denoted by the letter A.

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Which one of the following best illustrates an insolvent situation?
A) assets $56,000; annual expenses $60,000
B) assets $78,000; net worth $22,000
C) liabilities $45,000; net worth $6,000
D) assets $40,000; liabilities $85,000
E) annual cash inflows $45,000;
liabilities $50,000

Answers

The option that best illustrates an insolvent situation is option D) assets $40,000; liabilities $85,000.

Insolvency occurs when a person or entity's liabilities exceed its assets, meaning that they are unable to pay its debts as they become due.

Option D illustrates this situation, as the entity has $85,000 in liabilities, which is more than its $40,000 in assets.Option A describes a situation where the entity's annual expenses exceed its assets, but it does not necessarily mean that they are insolvent at that moment. Option B describes a situation where the entity's net worth is positive, which means they have more assets than liabilities. Option C describes a situation where the entity's net worth is positive, but its liabilities are relatively high compared to its net worth. Option E describes a situation where the entity's annual cash inflows are less than its liabilities, but it does not provide information about its assets or net worth.

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what does it mean to have an inbound approach to doing business?

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Answer:

The inbound approach means doing business in a human way and creating meaningful 1:1 relationships with strangers, prospects, or customers.

how many guest may a temporary member bring to a private club

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A temporary member is only allowed to bring three visitors to a private club. For a maximum of three days per invitation, a temporary member may use the club's amenities and privileges.

The clubhouse, driving range, pavilions, kitchens, rest rooms, and other amenities built or erected on the Estate for the Club's general operation are referred to as "Club Facilities," together with any upgrades thereto. Membership clubs are organisations, whether or not they are businesses, that own, lease, or occupy a facility or a section of a building that is used only for club functions at all times and that is run purely for sporting, social, political, philanthropic, or other benevolent reasons. The primary selling point of certain private clubs is their exclusivity. These clubs encourage a sense of camaraderie among peers, which draws members. The desire to interact with others who share their interests is one of the main reasons people join clubs. Participants might hold comparable political and religious values.

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When you decide you want "$10 worth" of a product, money is serving which role(s)?I. medium of exchangeII. store of valueIII. unit of account

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Option III is correct. If you want a "$10" product, the unit of account is money.

Money is a good store of value because it can transfer purchasing power from one period to another. For example, people retain value by keeping money in their wallets until they want to exchange it for goods and services.

Money is a kind of asset in the modern economy that can be used to purchase goods and services. One of the most important properties of money is that it acts as a store of value. This means that not only can you use your money for trading, but you can also store it for future use. asset demand. Aggregate demand for money.

The static functions for money are:

Money acts as a medium of exchange. It helps in measuring the value of goods and services. Money plays an important role in lending and borrowing

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departmental overhead rates correctly assign overhead costs in situations where a company has a range of products and complex overhead costs. (True or False)

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FALSE: Rates of departmental overhead in circumstances where a corporation has a variety of products including complex overhead costs, overhead costs should be appropriately assigned is a incorrect statement.

Explain about the complex overhead costs?

Rent, electricity, business permits, accounting fees, advertising charges, and payroll are all examples of overhead costs.

While direct expenses, such those for raw materials or manufacturing supplies, are directly tied to the good or service you offer, these prices are typically predictable and continuous.

For the stated question-

When a company has a variety of goods and complex overhead costs, departmental overhead rates cannot be able to assign overhead expenses effectively. This is due to departmental approach only uses allocation bases that are volume-related.

Thus, rates of departmental overhead in circumstances where a corporation has a variety of products including complex overhead costs, overhead costs should be appropriately assigned is a incorrect statement.

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Kraft Foods recently increased its advertising and couponing to its current cheese consumers. It appears Kraft is pursuing what kind of opportunity:
A. Market penetration
B. product development
C. market development
D. mass marketing
E. Diversification

Answers

Kraft Foods is pursuing a Market penetration opportunity by increasing its advertising and couponing to its current cheese consumers. Option A is the correct answer.

Market penetration is a growth strategy that involves increasing sales of existing products to current customers or current market segments. By increasing its advertising and couponing to its current cheese consumers, Kraft Foods is attempting to increase its market share and sales within its current market segment.

This strategy aims to encourage current customers to purchase more of Kraft's cheese products, rather than attracting new customers or developing new products. Market penetration is a common strategy used by companies to achieve sustainable growth, and it can be achieved through various tactics such as pricing strategies, promotional activities, and improving product quality.

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Why did protective tariffs harm Southerners? A. it caused English merchants to cut their importation of Southern Cotton
B. it forced them to pay higher prices on Northern manufactured goods C. Both are correct

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Protective tariffs are tariffs imposed to protect a national industry. There is an option A.

The Protective tariffs caused English merchants to restrict imports of cotton from the South.

Safeguard tariffs are tariffs imposed to protect a national industry. Their aim is to make imported goods more expensive than their domestically made counterparts, thereby increasing sales of locally made goods and supporting local industry.

Protective tariffs aim to protect domestic production from foreign competition by increasing the price of an imported commodity. They focus on generating revenue only.

These two sets of goals are obviously not mutually exclusive. This hurts relations with other countries: countries don't like having tariffs on their exports, so relations between countries often deteriorate.

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Which involves financial intermediaries, and which involves financial markets?
A. direct finance requires financial markets, while indirect finance involves financial intermediaries
B. Indirect finance requires financial markets while direct finance involves finance intermediaries
C. Both direct and indirect finance require financial intermediaries and financial markets
D. Neither direct or indirect finance requires the use of financial intermediaries and financial markets

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The answer is A. Direct finance requires financial markets, while indirect finance involves financial intermediaries.

Direct finance involves the issuance of securities by borrowers directly to savers, without the involvement of financial intermediaries. This can be done through financial markets, such as stock markets, bond markets, or other securities markets. In this case, the borrowers obtain funding directly from the savers who purchase the securities, without the need for financial intermediaries.

Indirect finance, on the other hand, involves the use of financial intermediaries, such as banks, insurance companies, and pension funds, to channel funds from savers to borrowers. The financial intermediaries collect funds from savers and then lend or invest these funds to borrowers. Indirect finance typically involves financial markets as well, as financial intermediaries may buy and sell securities to manage their portfolios.

Therefore, direct finance requires financial markets as the securities are issued directly to savers, while indirect finance involves financial intermediaries that channel funds from savers to borrowers.

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This year, Sooner Company reports a deficit in current E&P of ($300,000). Its accumulated E&P at the beginning of the year was $200,000. Sooner distributed $400,000 to its sole shareholder, Boomer Wells, on June 30 of this year. Boomer's tax basis in his Sooner stock before the distribution is $75,000. (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.)
a. How much of the $400,000 distribution is treated as a dividend to Boomer?
b. What is Boomer's tax basis in his Sooner stock after the distribution?
c. What is Sooner's balance in accumulated E&P on the first day of next year?

Answers

The answers to the above questions are as follows:

a. Entire distribution of $400,000 is treated as a dividend to Boomer.

b. Boomer's tax basis in his Sooner stock after the distribution is -$325,000

c. Sooner's balance in accumulated E&P on the first day of next year is -$500,000

The explanation for the answers is as follows:

The amount of the distribution that is treated as a dividend to Boomer is the lesser of Sooner's current E&P deficit or the amount of the distribution. In this case, the current E&P deficit is ($300,000) and the distribution is $400,000, so the entire distribution of $400,000 is treated as a dividend to Boomer.To determine Boomer's tax basis in his Sooner stock after the distribution, we need to subtract the amount of the distribution treated as a dividend from Boomer's tax basis in his stock. Boomer's tax basis in his stock before the distribution is $75,000, and the entire distribution of $400,000 is treated as a dividend, so his tax basis in his Sooner stock after the distribution is: $75,000 - $400,000 = ($325,000)
Boomer's tax basis in his Sooner stock after the distribution is a negative amount of ($325,000).Sooner's balance in accumulated E&P on the first day of next year is calculated by adding its current E&P to its accumulated E&P at the beginning of the year and then subtracting any distributions made during the year. In this case, Sooner's accumulated E&P at the beginning of the year was $200,000, and it had a current E&P deficit of ($300,000). Sooner distributed $400,000 during the year. Therefore, Sooner's balance in accumulated E&P on the first day of next year is: $200,000 - $300,000 - $400,000 = ($500,000)
Sooner has an accumulated E&P deficit of ($500,000) on the first day of next year.

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True or False in effect, a counteroffer converts the original offeror into an offeree with the power of acceptance.

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True, In a counteroffer, the original offeree becomes the offeror, and the original offeror becomes the offeree.

Who is referred to as the offeree?

The offeree is the party to whom an offer is made under contract law. The offeree has the authority to accept or decline the offer. A legitimate contract must be created when one party makes an offer to another and that offer is accepted by the other party. The offeree is the party to whom the offer is made, and they have the authority to accept or reject the offer.

The offeree may be an individual, a group of individuals, or a legal entity such as a corporation. The offeror may make an offer to the offeree in writing, orally, or through conduct. For example, if a seller offers to sell a car to a buyer for a certain price, the buyer is the offeree in this scenario, and they have the power to accept or reject the offer.

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Transcribed image text: Question 22 2.5 pts You work for a major athletic shoe company. You are aware that everyone in your industry, and in school athletics departments, routinely violate federal law and NCAA rules. If caught by the FBI your defense of "well everybody does it" will result in your case being dismissed by the court. True O False Question 23 2.5 pts Anytime you find an unjust law you should just ignore it (not follow it) and work to change it. True False Question 24 2.5 pts According to Mr. Cochran you may resort to civil disobedience if your cause is just, it affects most people, you have tried to work through the system, you are willing to pay the fine and/or go to jail, and you remain non-violent. True False Question 25 2.5 pts You are convinced that the speed limit on East University Drive is too low because in your experience similar roads you have traveled on had significantly higher speed limits. Furthermore you think the City of Auburn simply wants to make money off students by issuing tickets there, which is clearly unethical behavior. Therefore you should just ignore the speed limit and drive at whatever speed you want to drive. True O False

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22 False it won't be dismissed by court, 23 True unjust law should be changed 24 True resort to civil disobedience is easy

The act of disobeying a government's or a possessing power's demands or orders without using violence or other violent forms of resistance is known as civil disobedience, often known as passive dissent. Its primary goal is to persuade individuals in positions of power to make concessions. When an individual violates the laws of a legal state, it is especially important to consider whether rebellion is ethically justifiable. Most people believe that a legitimate state has a morally justified right to rule its citizens, who are obligated to respect its rules merely because they are those laws.

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real estate definition

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Real estate refers to land and any physical property that is permanently attached to it, including buildings, houses, and other structures.

Real estate is often considered a tangible asset, and it is an important part of many people’s personal wealth and investment portfolios.

Real estate is a significant component of the economy, and its value is influenced by various factors, including location, condition, and demand. Real estate is typically bought and sold through a transaction process that involves real estate agents, brokers, and lawyers, and the transfer of ownership is typically documented through a legal instrument such as a deed.

Real estate can be used for a variety of purposes, including residential, commercial, industrial, and agricultural, and the use of the property will often impact its value. Real estate is subject to property taxes, zoning regulations, and building codes, which can impact the value and potential uses of the property. Overall, real estate is an important asset class with a significant impact on individuals, businesses, and the broader economy.

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What does your credit report contain? Select all that apply.
a. Your credit score
b. Personal information like your employer and current/previous addresses
c. A history of your financial behavior
d. Any loans you've taken out and their remaining balances

Answers

C) Credit report contain is a history of your financial behavior.

An overview of your credit history, including the types of credit accounts you've held, your payment history, and some other details like your credit limitations, can be found in your credit report.

Your creditors normally give information for your credit reports to the three nationwide consumer reporting agencies (CRAs) – Equifax, TransUnion, and Experian. Depending on which CRA delivers your credit reports, you can see variations. This is due to the fact that not every lender reports data to all three CRAs. Some just report to one or two people, if not none at all.

What is done with your credit report?

Lenders review your credit reports as part of their evaluation process to determine whether to provide you credit and under what terms. The information in your credit report is also used to calculate your credit scores.

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Expenses directly tied to the level of business activity is the definition ofA. variable costs.B. expected value.C. marginal costs.D. fixed costs.

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Expenses directly tied to the level of business activity is the definition of variable costs. So the option A is correct.

Variable costs fluctuate with the amount of goods and services produced and sold. Examples of variable costs are direct materials, direct labor, and commissions. Variable costs are contrasted with fixed costs, which are expenses that remain constant regardless of the level of production. Examples of fixed costs are rent, insurance, and salaries.

Variable costs, on the other hand, are costs that move up and down with production. Examples of variable costs include materials, energy, and labor. The more units produced, the higher the variable costs. Variable costs are also called unit-level costs because they vary with the number of units produced.

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which of the following areas of the law are of special concern to international businesses? (check all that apply.) multiple select question. performance of contracts in an international setting immunity from prosecution of visiting foreign heads of state extraterritoriality litigation in an international setting

Answers

The following areas of the law are of special concern to international businesses.

performance of contracts in an international settingextraterritorialitylitigation in an international setting

The correct options are A, C, and D.

What are international risks?

It includes all of the risks that are unique to the country and will impact the transactions of local companies with foreign investors. Political risk, economic risk, and transfer risk, which is the risk that the government or central bank will not allow capital to leave the country, are all included.

These three areas of the law are of special concern to international businesses. Immunity from prosecution of visiting foreign heads of state is a concern for governments, not businesses.

Thus, the ideal selections are A, C, and D.

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1. complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. determine the cost assigned to ending inventory and to cost of goods sold using fifo. 4. determine the cost assigned to ending inventory and to cost of goods sold using lifo.

Answers

According to the question Item Purchase Date Cost Quantity Available for Sale Cost Assigned to Ending Inventory Cost Assigned to Cost of Goods Sold Total is 25 20 $70 $30.

What is purchase?

Purchase is the act of obtaining goods or services for money or other valuable consideration. It is a transaction between a buyer and a seller. The buyer generally pays for the goods or services at the time of purchase, and the seller receives payment for the goods and services. Purchases can be made in different forms, including cash, credit, debit, or other means of payment. Purchases are typically made in stores, online, or over the phone. The buyer typically has to provide some form of identification, such as a driver's license, to complete the purchase.

1. Specific Identification

Item Purchase Date Cost Quantity Available for Sale Cost Assigned to Ending Inventory Cost Assigned to Cost of Goods Sold

A 8/1 $20 10 10 $20 $0

B 8/2 $25 5 5 $25 $0

C 8/3 $30 10 5 $25 $30

Total   25 20 $70 $30

2. Weighted Average

Cost of Goods Available for Sale $750

Total Quantity of Goods Available for Sale 25

Weighted Average Cost Per Unit $30

Cost Assigned to Ending Inventory $600

Cost Assigned to Cost of Goods Sold $150

3. FIFO

Item Purchase Date Cost Quantity Available for Sale Cost Assigned to Ending Inventory Cost Assigned to Cost of Goods Sold

A 8/1 $20 10 10 $20 $0

B 8/2 $25 5 5 $25 $0

C 8/3 $30 10 5 $20 $30

Total   25 20 $65 $30

4. LIFO

Item Purchase Date Cost Quantity Available for Sale Cost Assigned to Ending Inventory Cost Assigned to Cost of Goods Sold

A 8/1 $20 10 10 $0 $20

B 8/2 $25 5 5 $0 $25

C 8/3 $30 10 5 $30 $0

Total   25 20 $30 $453

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Bren Co.’s beginning inventory on January 1 was understated by $26,000, and its ending inventory on December 31 was overstated by$52,000. As a result, Bren’s cost of goods sold for the year was a. Understated by $26,000. b. Overstated by$78,000. c. Understated by $78,000. d. Overstated by$26,000. International Financial Reporting Standards are tested on the CPA exam along with U.S. GAAP. The following questions deal with the application of IFRS.

Answers

The correct answer is Option b. i.e. Overstated by $78,000.

Since the beginning inventory was understated by $26,000, the cost of goods sold was understated by the same amount. Similarly, since ending inventory was overstated by $52,000, the cost of goods sold was overstated by that amount. The combined effect is an overstatement of $26,000 + $52,000 = $78,000 in the cost of goods sold for the year.

The cost of goods sold (COGS) is an important accounting figure that represents the direct costs of producing and selling goods. It includes the cost of the materials used, direct labor costs, and other expenses directly related to the production of goods.

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Select the correct answer from each drop-down menu.
Which tools and techniques do operations managers use as part of a certain management function?
Project management tools and techniques, such as PERT, CPM, and Gantt Charts, are very useful to operations managers to carry out the ______ function in both manufacturing and service businesses.

Answers

What are the answers for the drop down menu

Imagine the tea market has a demand function of QDX = 10 – 2PX and a supply function of QSX = PX − 2, where PX is the price of the tea. Assuming the price is at equilibrium, calculate the equilibrium price (P*). ​

Answers

Consider a market for tea where the supply function is QSX = PX 2 and the demand function is QDX = 10 - 2PX, where PX is the price of the tea. Considering that the price is balanced, , the equilibrium price (P*) is 4.

To find the equilibrium price (P*), we need to set the demand and supply functions equal to each other and solve for PX:

QDX = QSX

10 – 2PX = PX – 2

Adding 2PX to both sides:

10 = 3PX – 2

Adding 2 to both sides:

12 = 3PX

Dividing both sides by 3:

PX = 4

Therefore, the equilibrium price (P*) is 4.

Equilibrium price is the price at which the quantity demanded of a product or service equals the quantity supplied, resulting in a market in which there is no shortage or surplus of the product. It is the price where buyers and sellers are in agreement, and there is no tendency for the price to change.

At the equilibrium price, the market is said to be in a state of balance, where the quantity of goods or services supplied by producers is equal to the quantity demanded by consumers, resulting in an efficient allocation of resources.

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how can a company reduce the threat of substitute products or services?

Answers

A company can reduce the threat of substitutes through product differentiation or customer value promotion.

According to Michael Porter's Five Forces Theory, a competitive force that has an impact on an industry's profitability is the threat of substitutes. Customers can decide to switch to substitute commodities when their availability rises, which could lower demand and decrease industry sales. Firms might employ tactics like product differentiation or customer value promotion to combat the threat of alternatives.

Product differentiation is the process of developing an original product or service with a value proposition that is difficult for competitors to match. Customers may be willing to pay more for a distinctive product that satisfies their particular wants or preferences, therefore this can help to lessen the attraction of replacements. Customer value promotion is the practice of enhancing a customer's perception of the worth of a firm's commodities, functionality, or performance, giving better customer support or service, or adding extra perks like warranties, deals, or loyalty programs.

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How are companies promoting their brand leading up to the Super Bowl?

Answers

Companies advertising their business ahead of the Super Bowl may launch advertisements only on social media platforms or promote campaigns online.

Advertisements can be categorised into five categories based on the type of medium a business chooses to use to promote its message. Out-of-home or outdoor advertisements are those that target people away from their homes. Customers of a company or organisation might be attracted through advertising. In order to inform or influence the recipients, advertisements are messages that are sent and paid for by their senders. talking about social media Mobile advertising refers to any form of marketing that appears on cellphones and touch screens. Companies can promote on these devices by using SMS text ads or banner ads that are integrated into mobile websites.

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As the price of good X rises, the demand for good Y falls. Therefore, goods X and Y are: substitutes. a. normal goods. b. complements. c. inferior goods. d. none of the above

Answers

The relationship described suggests that goods X and Y are substitutes.

What are substitute goods?

Products that can be utilized to fulfill a comparable need or goal are referred to as substitute goods. Consumers might opt to buy the other substitute item in its place when the price of one substitute good rises, which would reduce demand for the more costly commodity.

Perfect or imperfect substitutes are two major categories for alternative items. Products that are virtually identical in terms of their features and utility to the user are considered perfect replacements. For instance, two brands of orange juice that are identical in terms of flavor, nutrient content, and packaging may be regarded as ideal equivalents. Customers can simply move to the competing brand of orange juice when the price of one brand rises without suffering any loss in utility or happiness.

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According to the reading, which is the correct order for the steps in the hiring process? A. Screening B. interviewing candidates C. reviewing D. verifying E. All of the above

Answers

The correct order for the steps in the hiring process is A) Screening, B) Reviewing, C) Interviewing Candidates, D) Verifying, and E) Hiring.

Screening: This is the initial step in which the HR department screens and filters out resumes and applications of candidates who do not meet the minimum qualifications and requirements for the job.

Reviewing: After the screening, the HR department reviews the resumes and applications of the candidates who have met the minimum qualifications to determine if they are suitable for the position.

Interviewing Candidates: Candidates who are deemed suitable are invited for an interview with the hiring manager or a panel of interviewers.

Verifying: After the interviews, the HR department verifies the information provided by the candidates such as their work history, education, and references.

Hiring: Based on the results of the interviews and the verification process, the hiring manager makes a decision to offer the job to the candidate who is most qualified and fits well with the company culture.

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John Burke, who promoted the Buffalo Bill show, was one of the first PR agents _____.a. to use a variety of media channels
b. to stage events to secure newspaper coverage
c. to employ women at a PR firm
d. to do none of the above

Answers

John Burke, who promoted the Buffalo Bill show, was one of the first PR agents to stage events to secure newspaper coverage. So the option b is correct.

He was hired by William F. "Buffalo Bill" Cody in 1883 to help promote his Wild West show. Burke used stunts such as sending deputies to arrest Cody at a show in New York City and then having him escape in a hot air balloon.

He also arranged for Cody to be named an honorary chief of the Sioux nation. He also staged events such as having Cody ride a horse up the steps of the U.S. Capitol, and having Cody and Sitting Bull reenact their fight at the Little Bighorn. These events helped to create a myth of Cody that was exploited to draw crowds to the show.

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