Konika Minolta delays customization of its laser printers as long as possible. This is an example of which of the following?
A. backward integration
B. vendor-managed inventory
C. postponement
D. standardization
E. timely customization

Answers

Answer 1

The example given of Konika Minolta delaying customization of its laser printers as long as possible is an instance of postponement. Postponement is a supply chain strategy where companies delay customizing their products until the latest possible moment to meet specific customer demands.

This strategy helps to minimize inventory costs, reduce lead times, and streamline production processes. By postponing customization, Konika Minolta can reduce the costs of keeping large inventories of customized printers that may not sell.

Additionally, it allows the company to respond to customer demands more quickly and effectively. Thus, Konika Minolta's approach to delaying customization is an excellent example of postponement strategy that allows for efficient and effective customization while keeping inventory costs low.

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Related Questions

Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, dividends received on securities held would be reported on the statement of cash
flows
A. Operating activities section.
B. Investing activities section.
C. • Financing activities section.
D. Does not represent a cash flow.

Answers

Dividends received on securities held would be reported in the "operating activities" section of the statement of cash flows using the indirect method.

This section focuses on the cash flows related to the company's primary business activities. Dividends received from investments are considered part of the company's operating activities, as they are a result of its ongoing operations. Therefore, the cash received from dividends would be included in the net cash flow from operating activities.

It's important to note that the indirect method reconciles net income with net cash flow from operating activities by adding or subtracting non-cash items such as depreciation, changes in working capital, and gains or losses on investments.

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why do labor economists often find it difficult to estimate the ceteris paribus return to education

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Labor economists often face challenges in estimating the ceteris paribus return to education due to various factors and complexities involved in isolating the impact of education on wages.

Estimating the ceteris paribus return to education, which refers to the isolated effect of education on wages while holding other factors constant, can be challenging for labor economists. There are several reasons for this difficulty. Firstly, individuals who choose to pursue higher education may possess unobserved characteristics that also affect their wages.

Secondly, there are various types and levels of education, ranging from high school diplomas to advanced degrees. Each level of education may have different effects on earnings, making it challenging to generalize the ceteris paribus return to education as a whole. Additionally, external factors such as technological advancements, changes in labor market demand, and economic conditions can also influence wages, making it difficult to attribute changes solely to education.

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Understanding what big data means helps to know what types of questions can be fruitfully examined using data. Big data differs from regular data in four ways, often called the "four V's." Which of the following is not one of the four V's?
A.Validity
B.Velocity
C.Veracity
D.Variety

Answers

A. Validity is not one of the four V's

The four V's that differentiate big data from regular data are velocity, veracity, variety, and volume.

Velocity: Refers to the speed at which data is generated and collected. Big data often involves high-velocity data streams that are rapidly produced and need to be processed in near real-time.

Veracity: Relates to the quality and reliability of the data. Veracity emphasizes the importance of ensuring data accuracy, consistency, and trustworthiness, as big data may contain errors, inconsistencies, or biases.

Variety: This signifies the diverse types and sources of data. Big data encompasses structured, unstructured, and semi-structured data from various sources such as text, images, videos, social media posts, sensor data, and more.

Volume: Refers to the vast amount of data being generated and collected. Big data involves data sets that are too large and complex to be effectively managed, processed, and analyzed using traditional methods.

Validity, although an important concept in data analysis, is not one of the defining characteristics of big data. Validity pertains to the extent to which data accurately measures or represents the intended concept or phenomenon. While validity is essential for drawing accurate conclusions from any dataset, it is not specific to big data and applies to data analysis in general.

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revenue models for online businesses include: a. freemium b. advertising-supported c. all of these are correct. d. crowdsourcing

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Revenue models for online businesses include freemium, advertising-supported, and crowdsourcing.

Online businesses have various revenue models to generate income. One popular revenue model is the freemium model, where basic services or products are provided for free, while additional features or premium versions are offered at a cost. This model allows businesses to attract a wide user base and monetize through upgrades or subscriptions. Another revenue model is advertising-supported, where businesses generate revenue by displaying ads on their platform or website. Advertisers pay for ad space, and businesses earn income based on clicks, impressions, or conversions. Additionally, crowdsourcing is a revenue model where businesses seek contributions, typically financial, from a large group of people, often through online platforms. This model enables businesses to fund projects or ventures through the collective support of a crowd. Therefore, all of the mentioned revenue models (freemium, advertising-supported, and crowdsourcing) are correct options for online businesses to generate revenue.

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believing outcomes are random or determined by luck is characteristic of a(n):

Answers

Believing outcomes are random or determined by luck is characteristic of a(n) external locus of control.

External locus of control refers to the belief that external forces, such as luck, chance, or fate, have a significant influence on the outcomes of events and one's own life. Individuals with an external locus of control tend to attribute successes or failures to external factors beyond their control rather than their own actions or abilities.

This belief can impact various aspects of a person's life, including their motivation, decision-making, and willingness to take risks. Individuals with a strong external locus of control may feel less in control of their own destiny and may be more passive or resigned to their circumstances. In contrast, an internal locus of control refers to the belief that one's actions and efforts have a direct influence on the outcomes of events. Individuals with an internal locus of control tend to take more responsibility for their actions, have a greater sense of control, and believe they can shape their own destiny through their efforts and choices.

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Many financial managers use market risk premiums that are closer to 5%, which is lower than historical averages, because:
A) the return investors require as compensation for taking on the risk of investing in equity markets has diminished over a period of time
B) investors require a higher risk premium for holding risky securities than in the past
C) investors require a supernormal risk premium for holding risky securities as compared with the past
D) investors require the same premium for holding risky securities as in the past

Answers

The reason why many financial managers use market risk premiums that are closer to 5%, which is lower than historical averages, is because the return investors require as compensation for taking on the risk of investing in equity markets has diminished over a period of time. The correct option is a.

The market risk premium is the difference between the expected return on the market and the risk-free rate. It is used to estimate the expected return on an investment and to determine the discount rate for a company's cash flows. Historically, the market risk premium has been higher, but many financial managers have been using a lower market risk premium of around 5% in recent years. This is because investors are requiring less compensation for taking on the risk of investing in equity markets due to factors such as improved economic conditions, lower inflation rates, and lower interest rates. As a result, the risk premium has decreased, and financial managers have adjusted their estimates accordingly. It is important to note that the market risk premium can vary depending on a variety of factors, and financial managers should always consider the specific circumstances of the investment they are evaluating.

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saul goodman and associates are investing in a major capital budgeting project that will require the expenditure of $20 million. the money will be raised by issuing $8 million of bonds, $2 million of preferred stock, and $10 million of common stock. the company estimates its after-tax cost of debt to be 4.50%, its cost of preferred stock to be 9%, and the cost of common stock to be 14%. the firm has a marginal tax rate of 45%. what is the weighted average cost of capital (wacc) for this project?

Answers

The weighted average cost of capital (WACC) for this project will be approximately 9.70%.

To calculate the weighted average cost of capital (WACC), we need to determine the weight of each component of the capital structure (bonds, preferred stock, and common stock) and multiply it by the respective cost of capital. Then we sum up these weighted costs to find the overall WACC.

Given information; Amount raised by issuing bonds = $8 million

Amount raised by issuing preferred stock = $2 million

Amount raised by issuing common stock = $10 million

Cost of debt (after-tax) = 4.50%

Cost of preferred stock = 9%

Cost of common stock = 14%

Marginal tax rate = 45%

Calculate the weights of each component

Weight of debt = Amount of bonds / Total capital raised

Weight of debt = $8 million / ($8 million + $2 million + $10 million)

Weight of debt = $8 million / $20 million

Weight of debt = 0.4 or 40%

Weight of preferred stock = Amount of preferred stock / Total capital raised

Weight of preferred stock = $2 million / ($8 million + $2 million + $10 million)

Weight of preferred stock = $2 million / $20 million

Weight of preferred stock = 0.1 or 10%

Weight of common stock = Amount of common stock / Total capital raised

Weight of common stock = $10 million / ($8 million + $2 million + $10 million)

Weight of common stock = $10 million/$20 million

Weight of common stock = 0.5 or 50%

Calculate the weighted cost of each component:

Weighted cost of debt = Weight of debt × Cost of debt (after-tax)

Weighted cost of debt = 0.4 × 4.50%

Weighted cost of debt = 1.80%

Weighted cost of preferred stock=Weight of preferred stock × Cost of preferred stock

Weighted cost of preferred stock = 0.1 × 9%

Weighted cost of preferred stock = 0.90%

Weighted cost of common stock = Weight of common stock × Cost of common stock

Weighted cost of common stock = 0.5 × 14%

Weighted cost of common stock = 7.00%

Calculate the WACC

WACC = Weighted cost of debt + Weighted cost of preferred stock + Weighted cost of common stock

WACC = 1.80% + 0.90% + 7.00%

WACC = 9.70%

Therefore, the weighted average cost of capital is 9.70%

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Kuyu Co's sales rose 10% over prior year sales of $100,000; however net income, increased by only 15% over the prior year's net income. If Kuyu's prior year return on sales ratio was 27%, what is the current year return on sales ratio?

Answers

The return on sales ratio is a financial performance metric that measures the profitability of a company's sales revenue.  The current year return on sales ratio for Kuyu Co is 28.23%

It is calculated by dividing net income by total sales revenue. In this case, we are given that Kuyu Co's sales rose 10% over the prior year sales of $100,000. Therefore, current year sales revenue is $110,000 (100,000 + 10% of 100,000).

We are also given that the prior year return on sales ratio was 27%. This means that the prior year net income was $27,000 (27% of 100,000).

Now, we need to calculate the current year net income. We are told that net income increased by only 15% over the prior year's net income. So, current year net income is $31,050 (27,000 + 15% of 27,000).

To calculate the current year return on sales ratio, we divide current year net income by current year sales revenue:

Current year return on sales ratio = $31,050 / $110,000 = 0.2823 or 28.23%

Therefore, the current year return on sales ratio for Kuyu Co is 28.23%. This indicates that the company is still profitable, but its profitability has slightly decreased compared to the prior year.

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which are the two assumptions necessary for viewing marriage as a market?

Answers

The two assumptions necessary for viewing marriage as a market are the presence of supply and demand and the ability to make voluntary exchanges.

Viewing marriage as a market involves applying economic principles to analyze the dynamics of partner selection and marriage. To do so, two key assumptions are typically considered:

Supply and demand: The assumption of supply and demand implies that there is a pool of potential partners available (supply) and individuals seeking a partner (demand). Each person can be seen as a "seller" and a "buyer" in the marriage market. Individuals looking for a partner represent the demand side, while those offering themselves as potential partners represent the supply side. The matching of supply and demand leads to the formation of relationships and marriages.

Voluntary exchanges: Another assumption necessary for viewing marriage as a market is the ability to make voluntary exchanges. In a market context, individuals have the freedom to choose their partners based on their preferences, and both parties involved in the exchange willingly enter into the relationship. Marriage is seen as a voluntary agreement between two individuals who find mutual compatibility and benefits in their partnership.

These assumptions allow economists and researchers to analyze partner selection, factors influencing supply and demand in the marriage market (e.g., demographics, cultural norms), and the formation and stability of relationships.

Viewing marriage as a market relies on two key assumptions: the presence of supply and demand in the form of individuals seeking partners and potential partners available, and the ability for individuals to make voluntary exchanges based on their preferences. By considering these assumptions, economists can study the dynamics of partner selection, marriage formation, and related phenomena using economic frameworks and concepts.

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g what is the profit of the call option on att stock at the strike price of $16 when the underlying stock value is $20 and the cost of option $3.50?

Answers

The profit of the call option on AT&T stock, with a strike price of $16, when the underlying stock value is $20, and the cost of the option is $3.50, is $0.50.

To calculate the profit of a call option on AT&T stock, we need to consider the following factors:

Strike Price: $16 (The price at which the option holder can buy the stock)

Underlying Stock Value: $20 (The current market price of the AT&T stock)

Cost of the Option: $3.50 (The price paid for purchasing the call option)

To calculate the profit, we need to compare the option's intrinsic value (the difference between the underlying stock value and the strike price) with the cost of the option.

In this case, the intrinsic value of the call option is the difference between the underlying stock value and the strike price:

Intrinsic Value = Underlying Stock Value - Strike Price

= $20 - $16

= $4

Now, let's calculate the profit by subtracting the cost of the option from the intrinsic value:

Profit = Intrinsic Value - Cost of Option

= $4 - $3.50

= $0.50

Therefore, the profit of the call option on AT&T stock, with a strike price of $16, when the underlying stock value is $20, and the cost of the option is $3.50, is $0.50.

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if the percentage change in price is equal to 50 percent and the percentage change in quantity supplied is 25 percent, the elasticity of supply is

Answers

The elasticity of supply can be calculated using the formula: % change in quantity supplied / % change in price.

In this case, the % change in price is 50% and the % change in quantity supplied is 25%.

So, the elasticity of supply would be:

25% / 50% = 0.5

This means that the supply is relatively inelastic, as the percentage change in quantity supplied is only half of the percentage change in price.

In other words, if the price increases by 50%, the quantity supplied will only increase by 25%. This indicates that the supplier is not able to adjust their production quickly or easily in response to price changes.

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Braden's employers covers 70% of the cost of a $1500-per-year health insurance plan, and braden's share of the cost of the plan is his only optional deduction. How much deducted from Braden's paycheck each month for health insurance?

Answers

Answer:

1050

Explanation:

i think it's correct so 1500x70:100

you are a project manager for a project that has been baselined and is now under way. when a customer approaches you and asks to increase the project’s scope, your response should be to
a. comply with the customer’s request if it seems reasonable
b. determine the schedule performance index (SPI)
c. perform integrated change control
d. calculate the Estimate to Complete (ETC)

Answers

When a customer approaches you and asks to increase the project's scope, your response should be to perform integrated change control.

Integrated change control is the process of reviewing, evaluating, and approving or rejecting changes to the project's scope, schedule, budget, or other aspects. It involves assessing the impact of the requested change on the project's objectives, constraints, and overall success. In this situation, you should follow the established change control procedures to evaluate the customer's request. This includes considering factors such as the feasibility of incorporating the scope change, the potential impact on project resources, schedule, and budget, and the alignment with the project's objectives. While it is important to consider customer requests and maintain a positive customer relationship, it is equally important to ensure that any scope changes are properly assessed and managed to minimize potential risks and impacts on the project's success.

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private-public partnerships reduce the effectiveness of preventive policies.
T/F

Answers

Private-public partnerships can reduce the effectiveness of preventive policies. While these partnerships can lead to innovation, improved service delivery, and cost-sharing benefits, there are instances where they might hinder the effectiveness of preventive policies.

One reason for this is that private entities might prioritize profit over the public interest, which could lead to a focus on short-term gains instead of long-term preventive strategies. Additionally, the involvement of private stakeholders can lead to conflicts of interest, making it difficult to implement policies that might negatively affect their business operations.

Moreover, the decision-making process in private-public partnerships can be more complex due to the need to balance the interests of both private and public stakeholders. This might lead to delays in implementing preventive policies, or even result in compromises that weaken their effectiveness.

However, it's important to note that the impact of private-public partnerships on preventive policies depends on various factors, such as the specific industry, the level of government involvement, and the regulatory environment. In some cases, these partnerships can support effective preventive policies when both parties align their objectives and work together to address challenges.

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the hr department is most likely to collaborate with other company functions on:____

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The HR department is most likely to collaborate with other company functions on recruitment and talent management.

Recruitment and talent management are two crucial areas where the HR department collaborates with other company functions. Recruitment involves identifying the right candidate for a job opening and ensuring that the hiring process is smooth and efficient. The HR department works closely with the hiring manager and other stakeholders to create job descriptions, screen resumes, conduct interviews, and make job offers.

Talent management, on the other hand, involves developing and retaining employees to ensure that they are engaged, productive, and aligned with the company's goals. This involves training, performance management, succession planning, and other initiatives that require collaboration with other functions such as finance, marketing, and operations. By working closely with these functions, the HR department can ensure that the company has the right talent in the right place at the right time.

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A commercial bakery has recorded sales (in dozens) for three products, as shown below:
Table here: https://gyazo.com/2da15af346aad6f25c21839345485710
a. Predict orders for the following day for each of the products using an appropriate naive method.
b. What should the use of sales data instead of demand imply?

Answers

a. Predicting orders for the following day for each of the products using an appropriate naive method:

To make predictions using a naive method, we assume that future orders will be equal to the most recent observation. Based on the provided sales data, the predictions for the following day for each product would be as follows:

- Product A: 10 dozens

- Product B: 20 dozens

- Product C: 15 dozens

These predictions assume that the sales pattern will remain the same and there are no external factors influencing demand.

b. The use of sales data instead of demand implies:

By using sales data instead of demand, it suggests that the recorded figures reflect the actual quantity of products sold rather than the total demand in the market. Sales data represents the customer purchases captured by the bakery's records. However, it's important to note that sales data might not fully capture the underlying demand, as factors like inventory levels, pricing, promotions, and customer preferences can influence sales. Therefore, relying solely on sales data may not provide a complete picture of the true demand for the products. To gain a more comprehensive understanding of demand, additional market research, customer feedback, and analysis of external factors should be considered alongside sales data.

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if real output is 9000 and teh rpcie lvel is 2 and the velocity of money is 3, then the money supply is

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if real output is 9000 and teh rpcie lvel is 2 and the velocity of money is 3, the money supply is 6000.

To determine the money supply, we can use the equation of exchange:

Money Supply × Velocity of Money = Price Level × Real Output

Given that the real output is 9000, the price level is 2, and the velocity of money is 3, we can rearrange the equation to solve for the money supply:

Money Supply = (Price Level × Real Output) / Velocity of Money

Money Supply = (2 × 9000) / 3

Money Supply = 18000 / 3

Money Supply = 6000

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success with the best cost provider strategy designed to competitive high and the friend to requires

Answers

Success with the best cost provider strategy requires a competitive advantage in offering low prices and high-quality products/services, while also maintaining strong customer relationships.

To succeed with the best cost provider strategy, a company must focus on achieving a competitive edge by offering products or services at lower prices compared to competitors. This requires careful cost management and operational efficiency. However, simply providing low prices may not be sufficient. The company must also ensure that the quality of its products or services remains high to attract and retain customers. Additionally, building strong relationships with customers is crucial to foster loyalty and repeat business. By combining competitive pricing, high quality, and excellent customer service, a company can effectively execute the best cost provider strategy and achieve success in the market.

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A decision to carry out one of the activities in the value chain internally, rather than to buy externally from a supplier, is called a(n) (1) or (2) decision. (Enter only one word per blank.)

Answers

Make-or-buy. The decision to carry out one of the activities in the value chain internally, rather than purchasing it from an external supplier, is called a "make-or-buy" decision.

In a make-or-buy decision, a company evaluates whether to produce a particular product or perform a specific service in-house or outsource it to an external supplier. This decision involves weighing the benefits and costs associated with each option to determine the most efficient and cost-effective approach. When a company chooses to "make," it means they decide to perform the activity internally using their own resources, facilities, and workforce.

This could include manufacturing a product, providing a service, or performing any other value-adding activity within the organization. On the other hand, when a company chooses to "buy," it means they opt to outsource the activity to an external supplier or vendor. This involves contracting with a third-party provider who specializes in the particular activity and can deliver the required goods or services.

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bankfull flow is the discharge where water just begins to leave the stream channel and spread onto the floodplain. group of answer choices true false

Answers

True. Bankfull flow refers to the discharge level at which water starts to leave the stream channel and spread onto the floodplain.

Bankfull flow is a critical threshold in the hydrological cycle of a stream or river. It represents the point at which the volume of water passing through the channel is at its maximum without overflowing onto the surrounding floodplain. When a stream reaches its bankfull stage, it indicates that it has reached its capacity to transport water within its channel. At this point, the stream is typically at its highest level, and any additional increase in water volume will cause it to breach its banks and inundate the adjacent floodplain.

Bankfull flow plays a significant role in shaping the geomorphology of rivers and the formation of floodplains. It is an important concept in hydrology and river management as it helps determine channel stability, sediment transport, and floodplain development. Hydrologists and engineers use bankfull flow measurements to assess the capacity of a river channel, predict flooding patterns, and design infrastructure such as bridges and levees. Understanding bankfull flow is crucial for effective floodplain management and minimizing the potential risks associated with river flooding.

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merchandise is sold on credit for $900 plus 7 percent sales tax. the entry in the general journal will include a debit to accounts receivable for:

Answers

When merchandise is sold on credit for $900 plus 7% sales tax, the general journal entry will include a debit to Accounts Receivable for the total amount including sales tax.

Here's the step-by-step explanation:

1. Calculate the sales tax: $900 (merchandise price) × 7% (sales tax rate) = $63 (sales tax amount)
2. Add the sales tax to the merchandise price: $900 + $63 = $963 (total amount to be received)
3. Debit Accounts Receivable for the total amount: Accounts Receivable (debit) $963

So, the entry in the general journal will include a debit to Accounts Receivable for $963, which is the total amount including the merchandise price and the 7% sales tax.

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economic integration of many formerly national economies into one worldwide economy is called:____

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The economic integration of many formerly national economies into one worldwide economy is called globalization.

Globalization refers to the process of increasing interconnectedness and integration of economies, societies, and cultures across the world. It involves the flow of goods, services, capital, information, and technology across national borders, leading to the formation of a global marketplace.

Globalization is characterized by the removal or reduction of barriers to trade and investment, such as tariffs, quotas, and restrictions on foreign ownership. It allows countries to specialize in the production of goods and services in which they have a comparative advantage and engage in international trade to access a wider market.

The advancement of transportation and communication technologies, such as air travel, shipping, the internet, and telecommunications, has played a significant role in facilitating globalization by reducing the costs and time associated with international transactions and communication.

In summary, the economic integration of many formerly national economies into one worldwide economy is referred to as globalization. It involves the increasing interconnectedness and integration of economies through the flow of goods, services, capital, information, and technology across national borders. Globalization has led to the formation of a global marketplace and has been facilitated by advancements in transportation and communication technologies.

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which entity is defined as independent and has little influence on its market?

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The entity that is defined as independent and has little influence on its market is a perfect competitor.

In a perfectly competitive market, there are many small firms that sell identical products and have no control over the price. They are price takers, which means that they must accept the market price and cannot influence it.

Perfectly competitive firms are independent because they have no market power. They are so small relative to the entire market that their actions have no effect on the market price. Additionally, they have no control over the factors that determine market prices, such as supply and demand.

Perfectly competitive firms are also characterized by low barriers to entry, which means that new firms can easily enter the market and compete with existing firms. This ensures that no single firm can dominate the market and exert market power.

In summary, a perfectly competitive firm is independent and has little influence on its market because it is a price taker, has no market power, and faces low barriers to entry.

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what variable adjusts to balance demand and supply in the market for loanable funds?

Answers

The variable that adjusts to balance demand and supply in the market for loanable funds is the interest rate.

In the market for loanable funds, borrowers demand funds to invest in various projects or activities, while lenders (savers) supply funds by providing loans or making investments. The interest rate serves as the price of borrowing and the return on saving.

When there is excess demand for loanable funds, meaning borrowers want to borrow more than lenders are willing to supply, the interest rate tends to increase. The higher interest rate incentivizes savers to supply more funds, as they can earn a higher return on their savings. At the same time, the higher interest rate may discourage some borrowers from seeking loans, thus reducing the demand for funds.

Conversely, if there is excess supply of loanable funds, meaning lenders are offering more funds than borrowers demand, the interest rate tends to decrease. The lower interest rate encourages more borrowing and investment, while potentially reducing the incentive for saving.

Through the adjustment of interest rates, the market for loanable funds seeks to equate the quantity of funds demanded with the quantity of funds supplied, achieving a balance between borrowers and lenders.

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________ is a method of going global in which a company makes agreements with producers in the foreign market to produce its product or provide its service.

Answers

Licensing is a method of going global in which a company makes agreements with producers in the foreign market to produce its product or provide its service.

Monetarists believe that the potential of monetary policy can be expressed by the:

Answers

Monetarists believe that the potential of monetary policy can be expressed by the quantity theory of money.

The quantity theory of money states that there is a direct relationship between the supply of money in an economy and the level of prices. Monetarists argue that changes in the money supply influence aggregate demand, and therefore, the level of economic activity and inflation.

According to monetarists, controlling the money supply growth rate is the primary tool for policymakers to stabilize the economy. They advocate for a predictable and stable growth rate of the money supply to ensure long-term price stability and promote sustainable economic growth.

In summary, monetarists believe that the quantity theory of money captures the potential of monetary policy by emphasizing the importance of managing the money supply to control inflation and promote economic stability.

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which principle or rule at toyota focuses on structured problem solving by embedding explicit and testable assumptions in the analysis of work?

Answers

The principle or rule at Toyota that focuses on structured problem-solving by embedding explicit and testable assumptions in the analysis of work is known as the "Toyota's 5 Whys".

The 5 Whys is a technique used by Toyota as part of their problem-solving approach, specifically in the context of root cause analysis. It involves asking "why" repeatedly, typically five times, to uncover the underlying causes of a problem. By continuously probing deeper into the issue and challenging assumptions, this method aims to identify the fundamental cause of a problem and address it effectively. The 5 Whys encourages structured thinking, critical analysis, and the formulation of testable hypotheses to understand and resolve issues at their root.

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Which Factors Are Important in Determining the Demand Elasticity of a Good?

a.Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes.
b.High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
c.Compared to essential goods, luxury items are highly elastic.
d.Goods with many alternatives or competitors are elastic because, as the price of the good rises, consumers shift purchases to substitute items.
e. Incomes and elasticity are related—as consumer incomes increase, demand for products increases as well.

Answers

Correct answer is A . Many factors contribute to determining the demand elasticity of a good. These include the price levels of the product, the type of product or service, income levels of the consumer, and the availability of any potential substitutes.

Generally, high-priced products are more elastic as a drop in price may lead to increased demand. Luxury items are also highly elastic compared to essential goods. Goods that have many alternatives or competitors are also more elastic, as a rise in the price of the good may lead consumers to shift their purchases to substitute items.

Additionally, the relationship between incomes and elasticity is crucial as consumer incomes increase, so does the demand for products.

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how are sso and identity management (idm) related to each other?

Answers

Single Sign-On (SSO) and Identity Management (IDM) are two concepts that are closely related to each other.

SSO is a technique that enables users to access multiple applications and services with a single set of login credentials. In contrast, IDM is a process that involves creating, managing, and deleting digital identities of individuals, devices, and services within an organization.

SSO is a feature of IDM systems that simplifies the login process for users by eliminating the need to remember multiple usernames and passwords. In an IDM system, the user's identity is stored in a central repository, and SSO enables the user to access various applications and services using this identity.

IDM provides a framework for managing user access to resources within an organization, and SSO is an essential feature of that framework. IDM systems help organizations to secure their assets and reduce the risk of data breaches by providing granular control over user access to resources. SSO simplifies this process by reducing the number of access points and providing a single point of entry for users.

In conclusion, SSO and IDM are two closely related concepts that work together to provide a seamless and secure user experience for accessing multiple applications and services within an organization.

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banes co. incurs $350,000 of overhead costs each year in its three main departments, machining ($200,000), inspections ($100,000) and packing ($50,000). the machining department works 4,000 hours per year, there are 500 inspections per year, and the packing department packs 500 orders per year. information about banes's two products is as follows: product x product y total activity activity rate machining hours $200,000 1,000 3,000 4,000 $40 / hour inspections $100,000 100 400 500 $200 / inspection orders packed $ 50,000 350 150 500 $100 / order total $350,000 direct labor hours 1,700 1,800 3,500 $100 / hour if traditional costing based on direct labor hours is used, how much overhead is assigned to product x this year?

Answers

Using traditional costing based on direct labor hours, $170,000 of overhead costs are assigned to Product X this year. The allocation is determined by multiplying the overhead allocation rate of $100 per hour by the direct labor hours of 1,700 for Product X.

To calculate the overhead assigned to Product X using traditional costing based on direct labor hours, we need to determine the overhead allocation rate per direct labor hour and multiply it by the number of direct labor hours for Product X. Here's how we can calculate it:

Overhead allocation rate per direct labor hour:

Total overhead costs / Total direct labor hours = $350,000 / 3,500 hours = $100 per hour

Overhead assigned to Product X:

Overhead allocation rate per direct labor hour * Direct labor hours for Product X = $100/hour * 1,700 hours = $170,000

Therefore, $170,000 of overhead is assigned to Product X this year using traditional costing based on direct labor hours.

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