Answer: One of the principles of hierarchy is a clear vertical chain of command.
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A ___________ cost system would be used by a company that makes custom, made-to-order wedding cakes
A job order cost system would be used by a company that makes custom, made-to-order wedding cakes.
What is a job order costing system?A job order costing system is a costing method that determines the cost of manufacturing each product or job separately.
The circumstances that favor the use of the job order costing system include:
Production includes a variety of different and customized products.There is a need to calculate the cost of producing an individual job.Production must match the customer's order and not for stocking for sale.The costs are accumulated for each job separately.A job is performed according to the customer's specifications.Thus, a job order cost system would be used by a company that makes custom, made-to-order wedding cakes.
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Joseph has recently been hired by a plumbing company. Which training method will most likely be used to train Joseph
The most common path is an apprenticeship program.
Which of the following is an example of a game where the customer can choose their own numbers
The game where players are allowed to pick their own numbers is the game of Mega-Millions.
What is Mega-Millions?This is a type of lottery game that is available in several countries around the world and involves players picking certain numbers to stand a chance to win some money.
The players get to choose the numbers they believe will be lucky and then there is a draw. If their numbers are selected, they stand a chance to win.
Options for this question were:
a. Quick Pick game.
b. Mega Millions.
c. Instant Scratch-Off game.
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When considering marginal revenue versus marginal costs, marketers must ensure that.
It should be noted that when considering marginal revenue versus marginal costs, marketers must ensure that marginal revenue exceeds marginal costs.
What is marginal revenue and marginal costs?The marginal cost of production serves as the change in total cost that is bern incured as a result of making or producing one additional item.
Marginal revenue (MR) on the other hand serves as the incremental entity.
However, In equilibrium, marginal revenue equals marginal costs.
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The level of aggregate supply in the long run is not affected by.
Answer:
Long run aggregate supply (LRAS) is a theoretical concept and refers to the output that an economy can produce when using all its factors of production, and hence when operating at full employment. Graphically, it is a vertical curve indicating that, in the long run, output is not affected by changes in the price level.
A company issues $100,000 of 5%, 10-year bonds dated january 1. The bonds pay interest semiannually on june 30 and december 31 each year. If the bonds are sold at par value, the issuer records the sale with a debit to:.
Assuming the bonds are sold at par value, the issuer will records the sale with a debit to: Cash $100,000.
Journal entryBased on the information given if the company issues the amount of $100,000 of 5%, 10-year bonds dated january 1 the appropriate journal entry to record this transaction is:
Debit Cash $100,000
Credit Bond payable $100,000
(To record bonds sold at par value)
Inconclusion the issuer will records the sale with a debit to: Cash $100,000.
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Rothan Corp. Is evaluating the purchase of a small firm, Lemm Inc. , which manufactures products involving advanced technology. These products are expected to revolutionize the home construction industry. Lemm has only a minor share of this growing market, but the market is expected to grow rapidly. Substantial investment will be required. In the BCG matrix, Lemm Inc. Would be placed in the _____________________ category
Lemm Incorporated will be put in the Question Mark Category on the BCG Matrix because it has a high growth potential but low market share.
What is a BCG Matrix?The BCG matrix or BCG growth-share Matrix is a strategic tool developed by the Boston Consulting Group.
It is primarily used to categorize an investment based on its future outlook. The four key categories on the BCG Matrix are:
Cash CowQuestion MarkStars and DogsSee the attached image and also learn more about BCG Matrix at:
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______ refers to an increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes.
The increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes refers to diversification.
What is diversification?
Diversfication is the process by which a firm increases the product offerings to its customers in a particular region. The purpose of diversification is to increase the options avaiable to customers, increase profit margin and increase market share.
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Wilson manufacturing relies on an extensive __________ system, where its employees share information between departments. for example, departments such as human resources can share payroll information with employees. persons outside the firm do not have access to this network.
Answer:
Wilson manufacturing relies on an extensive Intranet system, where its employees share information between departments. for example, departments such as human resources can share payroll information with employees. persons outside the firm do not have access to this network.
From an entrepreneurial perspective, ______ is a description of the future you envision for your business.
Answer:
The answer is , planning
Explanation:
I hoped it was helpful !
Which statement(s) most directly apply to capitalism? i. there is heavy government regulation of industry. ii. individuals can start some, but not all, kinds of enterprises. iii. the price and availability of goods is determined primarily by the market. a. i and ii b. ii only c. i and iii d. iii only
The most directly applied sentence for capitalism is the price and availability of goods are determined primarily by the market. As the market is a free market in the economy.
What is Capitalism?
Capitalism is commonly thought of as an economic system in which private actors own and control the property.
According to their own interests, demand and supply freely set market prices in ways that benefit society.
Thus, option D which is iii only is correct.
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If the annual interest is $100 on a 3-year, straight interest-only note, and the interest rate on the note is 5% per year, what is the amount of the loan?
Assuming the interest rate on the note is 5% per year, the amount of the loan is $2,000.
Loan amountUsing this formula
Loan amount=Annual interest/Interest rate on the note
Where:
Annual interest=$100
Interest rate on the note=5% or 0.05
Let plug in the formula
Loan amount=$100/0.05
Loan amount=$2,000
Inconclusion assuming the interest rate on the note is 5% per year, the amount of the loan is $2,000.
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When analyzing a market how do economists deal with the factors that affect market
Explanation:
In order to study the change in the factors affecting the market easily, economists prefer to consider one factor at a time and keep other factors constant. This strategy is difficult to apply in real world, but this makes the understanding of an economic model simpler
What step is the most important in the decision making model?.
Answer:
Identifying or stating the problem
Explanation:
The ________ is the member of the buying center whose primary function is handling the details of the transaction.
Hidden aspects of an organization that organizational behavior provides insight into include ________.
Answer:
The answer is attitude
Explanation:
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When using the four-step process for organizing creative thinking, which step involves ideas beginning to flow?
Th illumination stage is the stage at which the ideas from creative thinking began to flow.
What is a creative thinking?This refers to a thinking process that is intented to gain a new insights and different ideas through existing information
The stages of the creative thinking includes:
PreparationIncubationIlluminationEvaluationVerificationIn conclusion, the illumination stage is the stage at which the ideas from creative thinking began to flow because the ideas are been illuminated from the mind.
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Among the four-step process for organizing creative thinking, the step of thinking which involves ideas beginning to flow is the Illumination.
What is a creative thinking?The Creative thinking is defined as the thinking procedure that is intended to obtain a fresh perception and different ideas through existing information.
These behaviors can assist companies in developing services, products and other offers that set them apart from their competition.
Stages of Creative thinking:
There are Four stages of the creative thinking:
Preparation Incubation Illumination EvaluationTherefore, illumination phase is the phase at which the thoughts from creative thinking start out to flow because the thoughts are being illuminated from the mind.
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If a product has a unit contribution margin of $12, a sales price of $20 and total fixed costs of $1,000, its variable cost per unit must be $______.
Based on the unit contribution margin and the sales price of the product, the variable cost per unit is $8.
What is the variable cost per unit?This can be found as the formula:
= Sales price - Contribution margin per unit
Solving gives:
= 20 - 12
= $8
In conclusion, the variable cost per unit is $8.
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When would you include an executive summary in a report?
Answer: Is B. When the report is 30 Pages long
Explanation: because I know
When it comes to credit scores, why is having a thin file not an asset?.
The possession of a credit thin file is a liability and not an asset because its does not allows lender to access your credit worthiness which makes it hard to obtain loans or credit.
What is a credit scores?A credit score serves an a finacial tool that helpt to tells about someone's creditworthiness.
Normally, the higher the credit score, the higher the rate of repayment of credit.
Hence, these credit score are used by lenders to decide whether to borrow, extend or deny credit for a borrower.
However, having a thin file is not considerd an asset in credit scores because its does not let us know the willing borrower's repayment history of credit.
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Sarai spends her day checking through boxes of built product to ensure accuracy in production. She makes sure there is enough product to meet the demand. Based on her tasks, which is most likely her career? Manufacturing Production Process Development Maintenance, Installation, and Repair Logistics and Inventory Control Health, Safety, and Environmental Assurance.
Based on the fact that Sarai is usually making sure there is enough supply, she is most likely a Logistics and Inventory Control officer.
What does a Logistics and Inventory Control officer do?They make sure that the company has enough inventory to meet the demands of customers.
They also check the purchases that the company acquires for quality and accuracy before they can be sold to customers. This is what Sarai does.
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Answer:
Logistics and Inventory Control
Explanation:
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What type of contract is created by an agreement that is oral when it is required by the Statute of Frauds to be in writing?
The type of contract created by an agreement that is oral when it is required by the statute and required in writing is: legally voidable contract.
What is a Contract?A contract is a legal agreement that binds individuals or groups. It defines and governs the mutual rights and obligations of the parties involved.
In a Legally voidable contract, the parties involved create an agreement orally especially when it is required by the statute of fraud. Although contracts that fall outside the statute need not be in writing.
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When a company enters a new business in a different industry from that in which it currently operates and does not expect to achieve any value chain synergies, this is ________ diversification.
When a company enters into a new business that is unrelated without expecting to acheive any value chain synergies, it is can be referred to as: unrelated diversification.
What is Unrelated Diversification?Unrelated diversification can be described as a type of diversification whereby a company ventures into unconnected business areas where the opportunities for sharing resources between areas do not exist.
An example of unrelated diversification is Amazon venturing into grocery store business which involves the purchase of whole foods.
Therefore, when a company enters into a new business that is unrelated without expecting to acheive any value chain synergies, it is can be referred to as: unrelated diversification.
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Based on your reading of the following passage, to which listed careers do you think John might be suited? (Select all that apply. ) John is a high school graduate. He is smart and ambitious but does not wish to pursue a college degree. John has good technical skills, can operate computers, and has a strong grasp of basic physical sciences. He served in the navy for four years. John is not opposed to joining a union. He does not have a spouse or any children. John is physically healthy, strong, and has good vision without any significant issues. John might be suited to be: a seaman a seaman a rail yard worker a rail yard worker a ship's captain a ship's captain a dispatcher
Answer:
a seaman
a seaman
a rail yard worker
Explanation:
If a given set of cash flows is expressed in nominal terms and discounted at the nominal rate, the resulting present value will be the same as if the cash flows were expressed in real terms and discounted at the ____ rate.
Selena, an IT manager, needs to communicate to all of the company's long-term customers that their consulting rates will be increasing in the new year. Which guideline should Selena follow while communicating this bad news?
The guideline that Selena, an IT manager should use when communicating bad news to her customers is to use specific and simple language that conveys her message effectively.
How to communicate bad news?The use of indirect communication can help to soften the central message, because in this approach the message begins with the explanation of the reasons that led to the news, generating a greater sense of understanding in the receiver.
Therefore, it is essential that there is clear and honest communication, introducing possible solutions so that the bad news is received in a less impactful way.
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View filters may be applied retroactively to any data that has been processed.
View filters van be applied retroactively to processed data. Therefore, it's true.
What is data?It should be noted that data simply means the facts and statistics that are collected together for reference or future analysis.
In this case, view filters may be applied retroactively to any data that has been processed.
In conclusion, it's true.
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How long does it take to hike the appalachian trail?.
A typical hiker takes 5 to 7 months to hike the entire A.T.
CAN SOMEONE WITH SOME BUSINESS KNOWLEDGE HELP ME PLEASE!
The main business functions and their roles.
Review questions
1. Which business function is concerned with ensuring that products are produced to meet the quality standards expected by customers?
2. Name the business function involved in developing and selling products that meet customer needs.
3. Which sector is involved in making sure that the company has the employees it needs to run its operations?
4. Which business function is responsible for ensuring that the company has the funds it needs to carry out its operations?
5. Which business department is responsible for ensuring that employees are adequately compensated (salary-wage)?
6. Name the business function that must ensure that the correct quantity of a good or service is produced.
7. Which sector is responsible for researching and determining the wants and needs of different groups of consumers?
8. The management of the company wants to provide an extra benefit to its employees, other than a salary increase, for example, offering cafeteria and/or cafeteria service. What type of information should be consulted with each sector (HR, OPERATIONS, FINANCE AND MARKETING)?
THANK YOU FOR AT LEAST READING IT
Answer:
marketing is the business functions involved in developing and selling products that meet customer's need.
What is the maximum amount of new loans the bank could lend with the given amounts of reserves?
The maximum amount of new loans to the bank could lend with the given amounts of reserve is; $400million.
Maximum amount of New loansIt follows from macroeconomics calculations that;
The maximum amount of new loans to the bank!= The current amount in reserves * The multiplier.
Given that the amount in reserves is $80 million.
$80 million * (1/20%)$80 million * (5) = $400 million.Ultimately, the maximum amount in new loans given the amount in reserves is; $400 million.
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