JIT inventory, or just-in-time, is an inventory management technique in which supplies are only ordered as needed.
Suppliers can place orders for raw materials that are directly in line with production schedules using a just-in-time (JIT) inventory system. This technology requires accurate demand forecasting in order to produce.
The just-in-time inventory method boosts output while reducing stock levels. JIT production methods lower inventory costs because manufacturers receive supplies and parts as required for manufacturing and do not incur storage costs. Furthermore, manufacturers are not left with extra inventory in the event that an order is canceled or not filled.
A vehicle manufacturing company that uses a minimal inventory strategy but heavily depends on its supply chain to deliver the components it needs to make cars on an as-needed basis is one example of a JIT inventory strategy. The producer decides not to purchase the components as a result.
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True or False: According to the revenue realization principle, revenue is recognized at the time that cash is collected from a customer for services to be provided in the future
Answer:
False is the correct answer.
Explanation:
A report telling how well all approved vendors have performed in the prior 12months is information that is MOST needed in which business process?
An expense cycle document called a receiving report is used to track the delivery of products from suppliers. Based on the items received and noted on the receiving report, businesses pay their suppliers.
In order to authorize payment for a purchase that needs a purchase order or a transaction under $250.00 that doesn't, a receiving report is an additional document that is necessary.
A receiving report is significant since it is essential to the efficient operation of a firm. It will be simpler for departments to communicate when there is a streamlined recordkeeping procedure in place for receiving reports. Also, it will avoid delays in the reconciliation of missing products, returned goods, or payables to partners in company.
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According to Mr. Cochran, there is a strong, significantly positive relationship between diversity and corporate innovation. True/ False
False, Diversity and corporate innovation have a tenuous, markedly inverse relationship.
Corporate innovation is the process by which a company experiments with modern methods, tools, approaches, and opportunities in order to make its current business model more competitive. Corporate innovation is comprised of a number of key concepts, including problem-solving, leadership, collaboration, and entrepreneurship. Corporate innovation is the process by which companies integrate fresh innovation ideas into their existing organisational frameworks. Established companies that engage in corporate innovation frequently have a team focused on these initiatives. Given that one of the main objectives of business innovation is to properly deploy a new technology.
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What features of a well-designed controlled experiment does this study have? Which folures are missing? What features of a well-designed controlled experiment does this study have? Select that apply O A Double-blindedness B. A large sample size OC Two group division D. Random assignment
The correct option is C and D, A large sample size and Double-blindedness features of a well-designed controlled experiment are missing from this study.
Blindness refers to a visual impairment that causes a person to have little or no vision, thus making it difficult or impossible for them to carry out daily activities that require sight. Blindness can be caused by several factors such as injuries, genetic disorders, infections, ageing, and certain medical conditions. Some common causes of blindness include cataracts, glaucoma, diabetic retinopathy, and macular degeneration.
There are different levels of blindness ranging from partial sightedness to total blindness. Partially sighted people have some level of vision that can be improved with the aid of corrective lenses, while totally blind people have no vision at all. Blindness can have a profound impact on a person's life, limiting their ability to move independently, perform tasks, and communicate with others.
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Complete Question: -
In a 2017 study designed to investigate the effects of exercise on second-language learning, 40 subjects were randomly assigned to one of two conditions: an experimental group that engaged in simultaneous physical activity while learning the vocabulary in a second language and a control group that learned the vocabulary in a static learning environment. Researchers found that learning second-language vocabulary while engaged in physical activity led to higher performance than learning in a static environment.
What features of a well-designed controlled experiment are missing from this study? Select all that apply.
A. Random assignment
B. Two-group division
C. A large sample size
D. Double-blindedness
TRUE/FALSE. a nation will not have a comparative advantage in a product if it does not also have an absolute advantage in the production of that good
This statement is False. A nation need not have an absolute advantage in the production of a good to have a comparative advantage in it.
Comparative advantage occurs when one nation can produce a good more efficiently and at a lower cost than another nation. This means that even if one nation does not have an absolute advantage in producing a good, it could still have a comparative advantage in it if it can produce it more efficiently and at a lower cost than other nations.
For example, a nation may not have the most advanced technology to produce a good, but it could still have a comparative advantage in producing that good if it had access to cheaper labor or raw materials.
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State true or false and justify your answer:Beginning merchandise inventory minus purchases made during the fiscal period plus ending inventory equals the cost of merchandise sold.
Beginning merchandise inventory minus purchases made during the fiscal period plus ending inventory equals the cost of merchandise sold. False.
What is cost of goods sold?
The direct expenses of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials immediately used to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales force and distribution.
The phrase "cost of sales" is another name for "cost of products sold." COGS is accounted for as a business expenditure on the income statements because it is a cost of doing business. Analysts, investors, and managers can estimate the company's bottom line with the assistance of the cost of goods sold. Net revenue will go down if COGS rise. Although this change is advantageous for tax reasons, the company will make less money for its shareholders.
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Which of these is a method of determining the level of funds required for ongoing support in the event of the breadwinner's death?
A. Financial loss value
B. Human life value
C. Assessment value
D. Replacement value
The method of determining the level of funds required for ongoing support in the event of the breadwinner's death is known as "Human life value".
Human life value is a financial concept that calculates the amount of money a person would need to provide for their family's ongoing living expenses if they were to die. This calculation takes into account the person's current and future earnings potential, as well as other factors such as inflation, life expectancy, and investment returns. The human life value approach is often used in life insurance planning to help determine the appropriate amount of coverage needed to protect a family's financial well-being in the event of the breadwinner's death.
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What criticism of the consumer price index is a measure of the cost of living?
The consumer price index is the criticism to measure of the cost of living that "does not account for the improvement in the quality".
The consumer price index is the index of price in which the average market basket of the consumer products and services which is purchased by the households. The consumer price index for customer is a low CPI is better than the high one for the consumer.
If the price of the products or services increases, then the consumers will look for the cheaper substitute and which is not reflected in the consumer price index and the substitute good is a new product.
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which group mechanism describes the creation and composition of teams?
A group mechanism that describes the creation and composition of teams is team characteristics and diversity
Team characteristics are the distinctive attributes and characteristics of the team as a whole. This comprises elements like abilities, knowledge, personality, and working methods. Teams with a variety of traits may have a greater range of viewpoints and capabilities, which can improve their ability to solve problems and make decisions. Teams with too much variety, nevertheless, may also struggle with conflicts and poor communication.
Diversity refers to the various variances that team members have from one another. This can include variations based on race, gender, age, culture, dialect, and other factors. Diversity can open the team up to a wider perspective, which can lead to more unique and innovative ideas. Diversity can occasionally generate issues since team members may have multiple communication styles, cultural norms, and expectations.
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a firm's __________ strategy determines how it will compete in its marketplace.
A firm's competitive strategy determines how it will compete in its marketplace.
This strategy involves a set of actions and decisions aimed at creating a sustainable competitive advantage for the firm in its industry or market. There are different types of competitive strategies that a firm can pursue, depending on its goals, resources, and market environment.
For example, a firm can focus on cost leadership, by minimizing costs and offering products or services at lower prices than its competitors. Alternatively, a firm can pursue a differentiation strategy, by offering unique or superior products or services that are valued by customers.
Other competitive strategies include a focus strategy, which involves targeting a specific segment or niche of the market, or a growth strategy, which involves expanding the firm's market share through acquisitions, new product development, or other means.
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The key concept that underlies all bureaucracies is ________.
A) efficiency
B) standardization
C) increased flexibility
D) decentralization
E) specialization
The key concept that underlies all bureaucracies is B) standardization .
Standardization generally refers to the series of activities which is required to be followed by organizations. These are the guidelines given by the government bodies. That helps in management, by providing many systematic activities, that ensure good quality of service .
Standardization is the process of development and promotion of many standards-based and appropriate technologies and processes given in the industry. Hence, Bureaucracies have four key characteristics these includes clear hierarchy, specialization, equal division of labor, set of common rules, or standard procedures for operating.
Hence, B is the correct option
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An investment property was purchased for $250,000. The owner added a tennis court at a cost of $10,000. Two years later, the property sold for $325,000 and the seller paid a 7% commission plus $250 in attorney fees. If he purchases another property for $350,000, how much capital gains will he exclude?
A) $42,520
B) $22,750
C) $42,000
D) $42,250
Option c: $42,000. If he purchases another property for $350,000, $42,000 capital gains he will exclude.
$250,000 + 10,000 = $260,000
$325,000 - 22,750 (7%) = $302,250 - 250 = $302,000
$302,000 - 260,000 = $42,000
Investment property is property acquired with the intent to generate investment income through rental income, future resale of the property, or both. A property can be owned by a single investor, a group of investors, or a corporation.
Investment properties include long-term commitments and short-term investments. In the latter case, investors often engage in flipping to buy, remodel or refurbish properties and sell them at a profit in a short period of time.
The term "investment property" can also be used to describe other assets that an investor purchases for future valuation, such as art, stock, land, or other collectibles.
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True/False? short-term budgets allow management to periodically evaluate performance and take timely corrective action.
The management is able to monitor performance and make adjustments thanks to these short-term budgets. Typically, a cash budget and budgeted financial statements are presented as the final products of the master budgeting process, which starts with the sales budget.
Long-Term Budget: The term "short-term budget" refers to a budget created for a time frame smaller than a year. The preparation of short-term budgets has a practical significance and is done in preparation for execution. A long-term budget is essentially what it is. Budget preparation should be done under stable conditions and with consistent assumptions. The same way long-term budgets serve as a reference for creating short-term budgets, basic budgets are like that as well.
A current budget is one created for a brief period of time. It's designed to be used in practise. The current state of affairs is what drives this.
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The financial market where a new security is sold for the first time is
A) a primary market.
B) a secondary market.
C) an indirect market.
D) none of the above.
The correct option is A,Primary Market.A primary market is where a new security is vended for the first time.
It's also known as the new issue request. In a primary request, companies or governments issue new securities to raise capital directly from investors. exemplifications of primary requests include original public immolations( IPOs) and bond measurements. The primary request is an important source of backing for companies and governments, and it allows investors to share in the early stages of a security's life cycle.
Once a security has been vended in the primary request, it can be traded on the secondary request, where investors buy and sell securities from each other.
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the decision about what goods and services will be produced in a market economy is made by
In a request frugality, the patron decides what to produce, how important to produce, how important to charge guests for those particulars, and how important to pay workers.
These choices are told by the forces of competition, force, and demand in a free- request frugality. One of the most important factors of a request frugality, generally appertained to as a free enterprise frugality, is the function of a limited government. utmost profitable opinions are made by buyers and merchandisers rather than by the government. Effective resource operation is encouraged by a request frugality that's competitive. It's a tone- regulating and tone- correcting frugality. The government need not play a significant profitable part. Yet, a number of limitations and adverse issues connected to the request system
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Considering all of the factors listed in the preceding SWOT analysis question, what strategy would make the most sense for the Giants in the upcoming season?
Option B is correct. Sign a free-agent outfielder to bolster the current roster and sign the young pitchers to a long-term contract.
In pro athletics, a free agent is a player who is qualified to sign with different clubs or establishments; i.e., not under an agreement to a particular group. The term is likewise utilized concerning a player who is under the agreement as of now yet who is permitted to request offers from different groups. In certain conditions, the free specialist's choices are restricted by association rules. When considering which free-agent outfielder to sign, the team should evaluate the player's skill set, age, injury history, and overall fit with the team's needs and culture. They should also consider the cost of the contract and how it fits into the team's budget and long-term goals.
As for signing young pitchers to a long-term contract, this can be a wise decision for several reasons. First, it can lock in the team's future ace or solidify their bullpen for years to come. Second, signing pitchers to long-term contracts early in their careers can be cost-effective, as they may be willing to accept lower salaries in exchange for financial security and the opportunity to stay with the team that developed them.
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Complete Question -
Considering all of the factors listed in the preceding SWOT analysis question, what strategy would make the most sense for the Giants in the upcoming season? A. Assume that as the players age, they will continue to produce at their current levels. B. Keep the Giants intact and do not hire any new players because the team was good enough to win the World Series. C. Sign a free-agent outfielder to bolster the current roster and sign the current pitchers to long-term contracts. D. Trade the Giants ’ current pitchers to another team for minor-league prospects who aren’t ready for the major league.
Support activities, according to the value chain, are the actions a firm takes to directly provide a product or service to customers.True or False
The given statement is False. According to the value chain, are the conduct a establishment takes to support the primary conditioning that directly give a product or service to guests.
These exercise include procurement, technology development,natural resource operation, and firm structure.Procurement involves sourcing raw material and other inputs necessary to produce the final goods or service. Technology development includes exploration and development exercise that affect in new or advanced products.
Human resource operation involves hiring, training, and managing workers to insure they can effectively carry out the primary and support work.Firm structure includes exercise similar as finance, legal, and general operation that support the entire association.
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corporate social responsibility links the responsibility of citizenship with the strategy and key principles of a business.truefalse
It is true that corporate social responsibility combines social responsibility with corporate strategy and core principles.
Corporate citizenship includes corporate social responsibility and the extent to which a company fulfills its legal, ethical and economic obligations as determined by its shareholders.
Corporate citizenship is becoming increasingly important as both individual and institutional investors seek socially responsible companies. Environmental, Social and Governance (ESG) Practices.
Corporate citizenship represents a company's responsibility to society. Companies go through more and more stages in the process of developing corporate citizenship.
The goal is to improve the living standards and quality of life of the surrounding communities while maintaining profitability for stakeholders.
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Declaration While Pointing At A Group Of Workers On Strike?
A strike is a worker stoppage by employees as a form of protest against their employer, typically over issues related to wages, benefits, working conditions, or other labor-related matters.
Workers on strike usually picket outside the workplace or employer's facility, carrying signs or placards with messages expressing their grievances or demands. Strikes can be organized by labor unions or by unaffiliated workers, and they can be legal or illegal depending on the laws and regulations governing labor relations in a particular jurisdiction. Strikes can have significant economic and social impacts, affecting not only the workers and employers involved but also their families, communities, and customers.
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an attending physician statement would be appropriate for which life insurance purpose
An attending physician statement would be appropriate at the request of the insurer to assist in the underwriting decision
Companies that provide insurance are there to market policies, handle policyholder claims, and, if necessary, provide coverage in the form of monetary compensation. An insurance contract (policy) is a contract under which an insurer agrees to compensate another party for losses brought on by specific catastrophes or risks. There are several different types of insurance coverage. Life, health, homeowners, and vehicle insurance are the most common varieties. The policy limit is the maximum amount that, in accordance with the provisions of the policy, an insurer will pay for a covered loss. Usually, larger rates correspond to higher restrictions. A general life insurance policy's face value is the maximum amount that the insurer will pay; upon the death of the insured, the beneficiary receives this amount.
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The liquidity ratio reveals how many months it would take to convert all assets into cash. True or false?
False. The liquidity ratio, additionally called the present day ratio, is a economic ratio that measures a business enterprise's capability to pay off its short-time period liabilities with its current property.
It is calculated by way of dividing the modern property through the current liabilities. The end result is a ratio that indicates how typically the present day belongings ought to cover the present day liabilities.
The liquidity ratio does no longer display what number of months it might take to convert all property into cash. It really measures the company's potential to meet its short-term responsibilities.
The time it might take to transform all property into cash isn't always immediately associated with the liquidity ratio, although it is able to be an vital element in assessing a organisation's standard financial fitness.
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Can you use pig intestines for sausage casing?
Yes, pig intestines are commonly used as a natural casing for sausages. In fact, pig intestines are one of the most popular types of natural casings used in sausage making, due to their availability, durability, and versatility.
Natural casings are the traditional choice for making sausages, as they provide a natural, tender texture and allow for better flavor diffusion during cooking. Pig intestines are ideal for making sausages because they have a uniform shape and size, and can be easily cleaned and prepared for use.
However, it is important to note that some people may not consume sausages made with pig intestines for religious or cultural reasons. In such cases, alternative casings such as collagen or cellulose casings can be used instead. One advantage of using pig intestines as sausage casings is their natural shape and elasticity, which allows them to expand and contract during cooking without bursting. They also provide a traditional, artisanal look and feel to sausages, which can enhance the appeal of the finished product.
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What is a true statement about wool?
A. all of these
B. it is the fiber that is gotten from sheering or clipping certain animals
C.it is crimped, which gives it a curly look
D. it is elastic and bounces back when stretched
All the given are true statements about wool: (B) it is the fiber that is gotten from sheering or clipping certain animals; (C) it is crimped, which gives it a curly look; (D) it is elastic and bounces back when stretched.
Wool is a textile fiber obtained from the hairs of animals like sheep or goat. The wool is actually made up of proteins called hard α-keratins. These proteins have high amounts of sulfur in them and has strong hydrogen and sulfide bonds.
Elasticity is the property where an animal regains its shape after being stretched. The proteins in wool have high elastic property and thus the fabrics made out of wool have elasticity.
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You should avoid applying for too many credit accounts within a ____ timeframe.
a. 2 years
b. 4 years
c. 5 years
d. 9 years
a. 2 years. When applying for credit, it's important to be mindful of how many credit accounts you're opening within a specific timeframe.
Applying for too many credit accounts within a short period of time can have a negative impact on your credit score. Credit bureaus consider a number of factors when calculating your credit score, and one of those factors is your credit utilization ratio. This ratio is calculated by dividing your total credit balances by your total credit limits. When you apply for a new credit account, it can lower your average credit age, which in turn can increase your credit utilization ratio. Additionally, each credit application creates a hard inquiry on your credit report, which can also lower your credit score. So, how long should you wait before applying for another credit account? The general rule of thumb is to avoid applying for too many credit accounts within a two-year timeframe. This time frame is significant because it's the period of time during which hard inquiries on your credit report can have an impact on your credit score. It's worth noting that the impact of a hard inquiry on your credit score typically lessens over time, and after two years, it usually has no impact on your score. However, it's still important to be mindful of how many credit accounts you're opening, even beyond the two-year timeframe, as having too many accounts can still impact your credit utilization ratio and overall creditworthiness. In summary, applying for too many credit accounts within a short period of time can have a negative impact on your credit score. It's generally recommended to avoid applying for too many credit accounts within a two-year timeframe. Be sure to keep this in mind when considering opening new credit accounts.
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what function is part of the marketing process?
Promotion is part of the marketing process.
The marketing process is a series of activities that organizations undertake to identify and satisfy customer needs. It involves several key functions, including market research, product development, pricing, distribution, and promotion.
Promotion is a critical part of the marketing process, as it is the way in which organizations communicate with their customers and potential customers about their products and services. Promotion can take many forms, including advertising, sales promotions, personal selling, and public relations.
The goal of promotion is to create awareness and interest in the organization's products or services, and to persuade customers to make a purchase. Promotion can also help to build and maintain the organization's brand and reputation, and to differentiate its products or services from those of its competitors.
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--The question is incomplete, answering to the question below--
"Which function is part of the marketing process?
A) Finance
B) Human resources
C) Production
D) Promotion"
business executives view foreign direct investment as a way to a. erase the fear of protectionist barriers b. circumvent future trade barriers c. promote totalitarian political institutions d. diminish privatization e. shift toward centrally planned command economies
Business executives view the foreign direct investment as a way to circumvent future trade barriers. Thus the correct option is B.
What is the foreign direct investment?An entrepreneur from another country makes a multinational firm or projects their own by purchasing a share of the company or project in order to create a "long-term relationship in the business is indicates foreign direct investment.
Any restriction that prevents an organization from engaging in trading activity is referred to as a trade barrier. A tariff or import tax that is imposed on the items being imported and raises their price on the global market are examples of such a barrier.
Therefore, option B is appropriate.
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If enforcement is aimed at buyers of an illegal good, the result will be a. an increase in the short-run supply of the good. b. a decrease in the short-run supply of the good. c. a decrease in demand for the good. d. an increase in the price of the good.
Answer:
C
Explanation:
If enforcement is applied, the supply of the illegal good decreases. Ths decline leads to an increase in cost and a drop in quantity bought.
Supply and demand are powerful forces in a free market. In four to five sentences, esplain some the factors that cause shifts in supply and demand and what the effects of these shifts are.
Supply is the quantity of a good that manufacturers make available to buyers or consumers at a predetermined or fixed price.
What are the factors affecting demand and supply?Taxes and regulations, supplier market power, the presence of substitute goods, and economic cycles are only a few examples of the variables that might change the shape or location of supply or demand curves. A product or service's cost changes cause movement but not a shift in the supply or demand curve.
The demand curve for services and goods can be altered by a variety of factors, leading to a varying quantity demanded at any given price. These influences include income, changes in tastes, population, prices of complementary or substitutive goods, and forecasts about future conditions and prices.
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customer service representatives who seek to solve problems for customers need to understand their
skill variety.
task significance.
task discretion.
autonomy.
task identity.
Customer service representatives who seek to solve problems for customers need to understand their task significance.
What is task significance?The JCM specifies that only when employees feel their work has a positive impact on others' well-being will they have a greater sense of meaning in their work. Task significance is the extent to which employees perceive their work as having a significant impact on others, either inside or outside of the organization.
The task's significance tells you how important it is to the organization. For instance, a receptionist's position has a reduced task relevance. To answer phones and sort mail, a temporary employee may be hired.
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The flatter the demand curve passing through a given point, the less elastic the demand curve at that point. (True or False)
The statement the flatter the demand curve passing through a given point, the less elastic the demand curve at that point is false because when prices rise, demand for a product with a high price elasticity of demand will drop significantly.
The downward-sloping demand curve appears flatter for the product with high demand elasticity, and the quantity demanded changes significantly with changes in price. When a product's demand fluctuates less than its price, this phenomenon is known as inelastic demand in economics. The demand for that good or service is more inelastic the steeper the curve.
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