Which among the following is/are the types of decisions an operations manager must make?
Multiple select question.
A. Where will resources be needed?
B. What resources will be needed?
C. How will we procure funding for the resources?
D. How many resources will be needed?
E. When will we need certain resources?
F .What price should we charge for our products or services?

Answers

Answer 1

Types of decisions an operations manager must make are: Where will resources be needed? What resources will be needed? How many resources will be needed? When will we need certain resources? Therefore, the correct answers to this question are A, B, D, and E.

An operations manager is responsible for overseeing the production of goods and services in an organization, and they make a variety of decisions related to managing resources and optimizing production. Based on this, the types of decisions an operations manager must make include:

             A. Where will resources be needed?

             B. What resources will be needed?

             D. How many resources will be needed?

             E. When will we need certain resources?

Options C and F, "How will we procure funding for the resources?" and "What price should we charge for our products or services?" respectively, are not typically the responsibility of the operations manager. These decisions are more likely to be made by other managers in the organization, such as the finance or marketing manager.

Therefore, the correct answers to this question are A, B, D, and E.

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Related Questions

How does social science relate to business?

Answers

The development of new products, risk management, and strategic planning are just a few areas where social sciences can aid.

Why does social science matter in business?

The study demonstrates how businesses use and value social sciences in a variety of contexts, including leadership roles, day-to-day operations (including finance, HR, and other areas), understanding of consumers, markets, and regulations, and more.

The definition of business social science?

Business administration is a social science that focuses on the investigation of business concepts and how those ideas function in actual company situations. The broad field of business administration encompasses everything from marketing to finance to human resources.

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if a restriction imposed on speech by the government is content neutral, then a court will not allow itT/F

Answers

False. If a restriction imposed on speech by the government is content-neutral, it means that the restriction is not based on the content of the speech itself, but rather on some other factor, such as the time, place, or manner of the speech.

Examples of content-neutral restrictions include laws regulating the use of sound amplification devices, restrictions on the location of protests, or regulations on the size of signs. While content-neutral restrictions on speech are generally subject to less scrutiny than content-based restrictions, they can still be challenged on First Amendment grounds. Courts will typically apply intermediate scrutiny to content-neutral restrictions, which requires that the restriction be narrowly tailored to serve a significant government interest, and leave open ample alternative channels for communication. Thus, the fact that a restriction is content-neutral does not mean that a court will automatically allow it. The government must still demonstrate that the restriction serves an important interest and is narrowly tailored to achieve that interest, without unduly burdening free speech rights. Additionally, courts may still strike down content-neutral restrictions that are found to be too broad, vague, or arbitrary in their application.

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What is just in time JIT inventory?

Answers

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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One focus of strategic trade policy is to help domestic companies gain____
Multiple Choice :
a. more competition to lower prices.
b. monopoly status.
c. exclusive intellectual property rights.
d. a first-mover advantage.
e. less competition to raise prices.

Answers

One focus of strategic trade policy is to help domestic companies gain a first mover advantage.

The correct option is option d.

The first movers has a lot of advantage for example, technical innovation is basically the first proposer to see and utilize high-tech skills present in the market and therefore the later entrants are going to have to spend more amount of time in improving the product.

The first mover advantage can also put the company ahead in the case of patents for its invention as well as the technology. The first movers in the market can also have control a lot of resources in the beginning and therefore the strategic trade policies focus on helping the domestic companies to gain a first mover advantage.

Hence, the correct option is option d.

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On september 1, tsang company began a contract to provide services to wilson company for six months, with the total $21,600 payment to be made at the end of the six-month period. equal services are provided each month. the firm uses the account fees receivable to reflect amounts due but not yet billed.What proper adjusting entry would best company make on december 31, the end of the accounting period (no previous adjustment has been made?

Answers

The correcting entry would be to debit Accounts Receivable for $10,800 and Credit Service Revenue for that amount.

What is Crediting Service Revenue?

The revenue a company makes from providing services to customers is recorded as "Credit to Service Revenue" in the bookkeeping system. Service revenue is the money made by a company through the provision of services as opposed to the selling of goods. Typically, the client is billed for the work, and the business records the payment as accounts receivable. As the service is provided and payment is received, the company credits Service Revenue with the amount earned. This accounting entry increases the company's revenue account on the income statement, which ultimately affects the net profitability of the business. In order to evaluate the company's financial stability and profitability, service revenue must be recognized correctly and promptly.

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how to convert 4 million yen to usd?

Answers

An exchange rate of 1 USD to 110 JPY, we can use the following formula to convert 4 million yen to USD:

4,000,000 yen x 1 USD / 110 JPY = 36,363.64 USD

To convert 4 million yen to USD, you need to know the current exchange rate between the Japanese yen and the US dollar. Exchange rates fluctuate constantly, so it's essential to use the most up-to-date rate for an accurate conversion.

Therefore, if the current exchange rate is 1 USD to 110 JPY, 4 million yen is equivalent to approximately 36,363.64 US dollars.

It's essential to note that exchange rates are subject to fluctuations, and the actual amount may differ depending on the exchange rate at the time of conversion. Additionally, when converting large amounts of currency, it's crucial to consult with a financial professional to ensure that you get the most accurate and favorable exchange rate.

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7) explain why economists prefer efficient solutions to environmental problems.

Answers

Economists think that people operate in a rational manner, attempting to maximize their utility. Individuals acting in groups in accordance with these presumptions achieve economic efficiency and the highest feasible level of overall society benefit.

Why do economists choose them over laws as a means of keeping the environment pollution-free?

Corrective taxes are preferred by economists over regulations as a means of preventing pollution in the environment because they can do it at a reduced cost to society. It is possible to impose a charge to reduce pollution to the same extent as a regulation.

How may economics be used to address environmental issues?

Real earnings are increasing, allowing people to spend more money on environmental protection and mitigating the negative consequences of pollution. A higher output with less pollution can also be achieved thanks to economic growth brought on by increased technology.

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Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? Loan against the cash value. Policy withdrawal. Policy dividend

Answers

Loans against the cash value, policy withdrawals, and policy dividends are not subject to income tax under the Modified Endowment Contract (MEC). Here option D is the correct answer.

A Modified Endowment Contract (MEC) is a type of life insurance contract that has been funded with more money than is allowed by federal tax laws. When a life insurance policy is classified as a MEC, the income tax rules change, and it becomes less tax-efficient.

Regarding the options, a loan against the cash value (option A) of a MEC policy is considered a taxable event. If you borrow money from a MEC policy, the interest on the loan is taxable, and if the policy lapses, surrenders, or is canceled, the outstanding loan amount will be considered a taxable distribution.

Similarly, policy withdrawal (option B) and policy dividend (option C) are also taxable events when a policy is classified as a MEC. Any withdrawals or dividends taken from a MEC policy are subject to income tax and may also be subject to a 10% penalty if the policy owner is younger than age 59 1/2 at the time of the withdrawal.

Complete question:

Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)?

A - Loan against the cash value.

B - Policy withdrawal.

C - Policy dividend

D - All of these

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What are reasons why historical rates of return are used to estimate expected returns?
A. There is no theory about the levels of risk we should find in the marketplace
B. There is no theory about the frequency or importance of events affecting corporations
C. Neither expected returns nor risk are directly observable D. All of the above

Answers

Option D is correct i.e. All of the above. The reasons why historical rates of return are used to estimate expected returns are because -

A. There is no theory about the levels of risk we should find in the marketplace

B. There is no theory about the frequency or importance of events affecting corporations

C. Neither expected returns nor risk are directly observable

Historical rates of return are often used to estimate expected returns because they provide valuable information on how an investment has performed in the past. Here are some reasons why historical rates of return are used to estimate expected returns:

Historical data can provide insights: Historical rates of return can provide valuable insights into how an investment has performed in different market conditions. By looking at historical data, investors can get a sense of the volatility and risk associated with a particular investment.No crystal ball: There is no way to accurately predict future market conditions, so historical data provide the best available information to make an informed decision.Long-term trends: Over the long term, historical data can reveal long-term trends and patterns that can inform an investor's expectations for future returns.Investment strategy: Historical rates of return can inform an investor's investment strategy by helping them understand which investments have performed well historically and which have not.The basis for comparison: Historical data provides a basis for comparison when evaluating the performance of different investments. By comparing historical rates of return, investors can make informed decisions about which investments are most likely to meet their investment goals.

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What is cash flow statement how do they work and what specifically do they show you?

Answers

The cause of a cash flow statement is to offer a detailed picture of what happened to a commercial enterprise's cash during a particular period, called the accounting length.

Accounting is a fundamental part of any business or organization, providing a system for recording, classifying, and summarizing financial transactions to help monitor and control financial resources. The main objective of accounting is to provide accurate and reliable financial information to stakeholders, such as investors, creditors, and management, to make informed decisions about the allocation of resources.

It involves the use of various tools and techniques, including financial statements, budgeting, auditing, and tax planning, to manage financial performance and comply with legal and regulatory requirements. Effective accounting also involves analyzing financial data to identify trends and patterns, and making recommendations for improving profitability, reducing costs, and maximizing efficiency.

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Mark sutton needs an installment loan of $24500 for home remodeling. He can obtain a loan at an APR of 11% how much could mark save in finanace charges if he took out the loan for 54 months instead of 60 months?

Answers

If Mark took out the loan for 54 months rather than 60 months, he might save $518.44 in interest costs.

What exactly does the term "loan" mean?

A loan is a financial transaction in which a lender provides money or other assets to a borrower, with the expectation that the borrower will repay the borrowed amount, usually with interest or other fees, within a specified period of time. Loans are typically used to finance large purchases or investments that the borrower cannot afford to pay for all at once, such as a home, a car, or a business.

To calculate how much Mark could save in finance charges, we first need to calculate the finance charges for the original 60-month loan and the 54-month loan.

For the original 60-month loan, the finance charges can be calculated as follows:

Calculate the monthly interest rate: 11% / 12 = 0.9167%

Calculate the monthly payment: $508.85

Calculate the total amount paid over 60 months: $508.85 x 60 = $30,531

Calculate the finance charges: $30,531 - $24,500 = $6,031

For the 54-month loan, the finance charges can be calculated as follows:

Calculate the monthly interest rate: 11% / 12 = 0.9167%

Calculate the monthly payment: $574.96

Calculate the total amount paid over 54 months: $574.96 x 54 = $31,049.44

Calculate the finance charges: $31,049.44 - $24,500 = $6,549.44

To calculate the difference in finance charges between the two loans, we simply subtract the finance charges for the 54-month loan from the finance charges for the 60-month loan:

$6,031 - $6,549.44 = -$518.44

So if Mark took out the loan for 54 months instead of 60 months, he could save approximately $518.44 in finance charges.

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At the end of 2015, companies from the country of Erithrea collectively owned $37 billion in assets in its neighboring country of Outflowia. The $37 billion is Erithrea's _______ of FDI.:A. stockB. flowC. outflowD. trend.E. exchange.

Answers

At the end of 2015, companies from the nation of Erithrea owned assets worth $37 billion in Outflowia, its neighbor. The stock of FDI in Erithrea is $37 billion.

What was the global total of 1.76 trillion USD in foreign direct investmfinancial crisisents in 2015?

In terms of global investment trends, global FDI flows reached 1.76 trillion USD in 2015, the highest level since the 2008-2009 global economic and financial crisis.

What is the relation between the amount of FDI and the flow of foreign direct investment?

The meaning of flow of FDI. Foreign Direct Investment (FDI) flows track the value of cross-border direct investment-related transactions over a specific time frame, typically a quarter or a year. Equity transactions, earnings reinvestment, and intercompany debt transactions make up financial flows.

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what happens to the equilibrium price and quantity when demand decreases and at the same time supply increases, and the demand shift is relatively smaller than the supply shift?
a. Both the equilibrium price, and the equilibrium quantity will rise.
b. The equilibrium price falls, and the equilibrium quantity rises.
c. The equilibrium price rises, and the equilibrium quantity falls.
d. Both the equilibrium price and quantity will fall.

Answers

When demand decreases and at the same time supply increases, and the demand shift is relatively smaller than the supply shift, the equilibrium price falls, and the equilibrium quantity rises.

The reason for this is that the increase in supply will lead to a surplus of the product at the original equilibrium price. This surplus will put downward pressure on the price, causing it to fall.

At the same time, the decrease in demand will lead to a lower equilibrium quantity. However, because the supply shift is relatively larger, the overall effect on the equilibrium quantity is an increase.

Therefore, the correct answer is (b) The equilibrium price falls, and the equilibrium quantity rises.

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which one of the following is not a stage in the spin selling technique?

Answers

Follow up the sale with additional product offerings is not a stage in the spin selling technique. The correct answer is e.

SPIN selling technique consists of four stages,

a. Situation Questions: Investigate the customer's current situation to understand their needs and priorities.

b. Problem Questions: Determine the customer's specific problems or challenges.

c. Implication Questions: Discuss the implications or consequences of the problem, helping the customer understand the potential impact on their business or goals.

d. Need-Payoff Questions: Show how the salesperson's offering can solve the customer's problem and provide value.

The SPIN selling technique is a customer-focused approach that seeks to understand the customer's needs and then provide solutions that address those needs.

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--The complete question is, Which one of the following is not a stage in the SPIN selling technique?

a. Investigate the customer's situation.

b. Determine the customer's problem.

c. Discuss implications of the problem if it is left unattended.

d. Show how the salesperson's offering can solve the problem.

e. Follow up the sale with additional product offerings.--

the final step of the financial planning process is what ryan referred to as a ""post mortem"" or ""autopsy"". this is the stage where you:

Answers

Monitoring the plan is the last action. A financial plan will alter in response to life events, just like any other plan does, over time. Having an accountability partner will help you monitor the plan after it is prepared.

The Art of Preparing Financial Statements

Assurance of Receiving Supplier Invoices is the first step.

Verify Step 2 Including the Sending of Client Invoices.

Develop a Backlog of Unpaid Earnings.

Assess Depreciation in Step 4.

Inventory of value is the fifth step.

Publish Account Balances in step 7 after combining bank accounts in step 6 of the process.

8. Review the Accounts.

Financial management's primary goal is increased shareholder wealth. This is the market value of the owner's equity for private companies, whereas the stock price is what it is for public enterprises.

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farquhar bought a house at a foreclosure auction. a few weeks later, he was notified that he couldn't take possession of or title to the property. what likely happened?

Answers

If Farquhar bought a house at a foreclosure auction but was later notified that he couldn't take possession of or title to the property, it is possible that the previous owner or another party with a legal claim to the property has challenged the foreclosure process.

Foreclosure is a legal process in which a lender or creditor seeks to recover the unpaid balance of a loan by forcing the sale of the property that was used as collateral. Foreclosure auctions are held to sell the foreclosed property to the highest bidder, and the winning bidder is typically required to pay for the property in full and take possession of it.

However, in some cases, the foreclosure process may be challenged by the previous owner or other parties who claim an interest in the property.

In any case, if Farquhar was unable to take possession or title to the property after purchasing it at a foreclosure auction, he may need to seek legal advice and potentially take legal action to protect his rights and recover any funds he may have paid for the property.

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question 4 in your communication plan, who is the sender/owner responsible for communicating the training schedules, locations, and other details to office green employees?

Answers

In a firm's communication plan, the project manager is responsible for communicating the training schedules, locations, and other details to office green employees.

What is the role of project manager as a communicator?

A project manager who can envision a project and communicate that vision to those around them will be able to differentiate their projects from the crowd. The primary role of communication in project management is to ensure that everyone involved shares the project's vision and goals.

If a project manager can clearly articulate a project vision and ensure that the people working under them understand it, the project will be much easier to complete, and the manager may not need to be as hands-on in directing the team.

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What is the stock market simple definition?

Answers

Answer:

Explanation:

The stock market, also known as the equity market, is a marketplace where publicly traded companies' stocks are bought and sold. It provides a platform for companies to raise capital by selling their stocks to investors, and for investors to buy and sell stocks in publicly traded companies with the aim of earning a return on their investment. The prices of stocks are determined by supply and demand in the market and are influenced by a variety of factors, such as a company's financial performance, industry trends, and global events. The stock market is an important component of the overall economy, as it plays a significant role in the allocation of capital and influences the direction of economic growth.

The industrial production of nitrogen-containing fertilizer is currently limited by the
lack of nitrogenase for the industrial process.
large amount of energy required.
inability to insert nitrogenase genes into plants.
limited supply of N2 gas.
need to exclude free oxygen in the process.

Answers

First option is correct. Currently, industrial production of nitrogenous fertilizers is limited due to the lack of nitrogenases for industrial processes.

The amount of energy used to produce fertilizer is not offset by the amount of energy plants use to produce fuel.

Due to its high nitrogen content, urea can damage plants when used undiluted, so it is often sold mixed with other agents.

However, excessive use of inorganic fertilizers can have negative effects on the environment. Inorganic fertilizers can harm the environment if used incorrectly. Problems that can arise from overuse of fertilizers include runoff and erosion, contamination of water supplies, and disruption of aquatic life.

Anhydrous ammonia is a high analytical value gaseous nitrogen fertilizer used directly in crop production. It is also the raw material for the production of the most common nitrogen fertilizers.

The application of organic materials improves the physical, chemical and biological properties of soil, whereas inorganic materials improve the chemical properties of soil. Adequate supply of essential macro- and micronutrients to meet plant needs. 

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Writing and following a zero-based budget will help you avoid overspending and impulse purchases.a. trueb. false

Answers

The statement "Writing and following a zero-based budget will help you avoid overspending and impulse purchases." is true because a zero-based budget requires one to account for every dollar, which will help one to anticipate what expenses they will have and how much they can spend overall. So the option a is correct.

A zero-based budget is a budgeting system in which income is planned to equal or exceed expenses, such that all income and expenses are accounted for. This method requires you to account for every dollar that comes in and out of your account.

You assign each dollar to a specific purpose, such as savings, debt payments, and fixed expenses. You can also assign money to discretionary spending, such as entertainment, eating out, and hobbies. This approach helps you plan ahead and stay aware of your spending, so you can make realistic financial decisions and avoid overspending.

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Which of the following exists when an industry or market has only one producer? A) Monopoly,. B) Perfect competition,. C) Oligopoly,. D) Communism

Answers

A) Monopoly exists when an industry or market has only one producer.

A monopoly occurs when there is a single seller of a particular good or service that has no close substitutes, and the seller has the power to control the price and supply of the product. In a monopoly, the single producer can restrict output to raise prices and earn higher profits. Monopolies can arise due to a variety of factors, including barriers to entry, control of scarce resources, and legal protections.

Perfect competition, on the other hand, is a market structure in which there are many small firms producing identical products, with no single firm having any control over price or supply.

Oligopoly is a market structure in which a few large firms dominate the market, and may engage in collusive behavior to restrict output and raise prices.

Communism is a socio-economic system in which property and resources are owned and controlled by the state or the community, rather than by individuals or private entities. It is a system of government in which the means of production are controlled by the state, and there is little to no private ownership of property or resources.

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HELP ASAP!!

Write an argumentative essay for or against setting long-term goals to land a dream job.


Outline format please.

Answers

An argumentative essay for or against setting long-term goals to land a dream job presents the advantages and disadvantages of this practice, arguing for or against it as a viable approach to achieving career objectives.

The Essay

I. Introduction

Setting long-term goals to land a dream job is a common practice among many individuals. Some argue that it provides direction and motivation towards achieving a desired career, while others argue that it can lead to disappointment and missed opportunities. In this essay, I will argue for the advantages and disadvantages of setting long-term goals to land a dream job.

II. Advantages of Setting Long-term Goals to Land a Dream Job

A. Provides clarity of purpose: Setting long-term goals helps individuals to identify their purpose and focus their efforts towards achieving a desired career.
B. Helps to develop a plan of action: Having a clear goal in mind allows individuals to develop a plan of action and take specific steps towards achieving their career objectives.
C. Encourages motivation and determination: The process of setting and achieving long-term goals can be motivating and instill a sense of determination to succeed.
D. Enhances personal and professional growth: Working towards a long-term goal requires individuals to develop new skills and knowledge, which can enhance their personal and professional growth.
E. Increases the likelihood of achieving success: Having a clear goal and plan of action increases the likelihood of achieving success in landing a dream job.

III. Disadvantages of Setting Long-term Goals to Land a Dream Job

A. Can lead to disappointment and frustration: Setting long-term goals can lead to disappointment and frustration if they are not achieved within a certain timeframe or at all.
B. May result in missed opportunities: Focusing solely on a long-term goal may cause individuals to miss out on opportunities that arise in the short-term.
C. May limit creativity and flexibility: Setting a long-term goal can limit an individual's creativity and flexibility in exploring different career options or paths.
D. Can be overwhelming and stressful: The process of setting and achieving long-term goals can be overwhelming and stressful, particularly if the individual faces unexpected challenges or obstacles.
E. May not align with personal values or interests: Setting a long-term goal to land a dream job may not align with an individual's personal values or interests, leading to a sense of dissatisfaction or unhappiness.

IV. Counterarguments

A. Counterargument 1: Short-term goals are more effective: Some argue that setting short-term goals is more effective as they provide more immediate results and allow individuals to adjust their career path as needed.
B. Counterargument 2: Goals can change over time: It is possible that an individual's long-term goals may change over time due to personal or professional circumstances, rendering them irrelevant.
C. Counterargument 3: Not everyone needs a dream job: Some argue that not everyone needs a dream job and that it is sufficient to have a job that provides financial stability and personal satisfaction.

V. Conclusion

In conclusion, setting long-term goals to land a dream job has both advantages and disadvantages. While it can provide clarity of purpose, enhance personal and professional growth, and increase the likelihood of achieving success, it can also lead to disappointment, missed opportunities, and limit creativity and flexibility. Ultimately, the decision to set long-term goals depends on the individual's personal values, interests, and career aspirations.

While it may not be necessary for everyone to have a dream job, setting long-term goals can provide a sense of direction and motivation towards achieving career objectives. It is important to weigh the pros and cons and make an informed decision that aligns with personal and professional goals.

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TRUE/FALSE. As a control function, managers should do nothing if a process variance is observed outside of the control limits.

Answers

As a control function, managers should do nothing if a process variance is observed outside of the control limits. - True

The managerial function of control enables individuals in positions of power to check for errors, ensure that they are immediately addressed, and help prevent a recurrence. The traditional definition of a manager only includes coordinating other people's actions. To achieve goals, managers coordinate the work of others. In the modern workforce, managers may be in control of certain activities or systems that don't include humans.

They staff, plan, and analyse departmental activities to achieve departmental objectives. They also ensure that the workplace is legal, safe, and secure. creates opportunities for one's own growth. Managers should not act as a control function if a process deviation is observed outside the control limits. As a result, if a process deviation is seen outside of the control limits, managers should not act as a control function.

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which should be included in a firm's business model? (choose every correct answer.) A. How the firm will market to customers B. A description of the industry the firm is entering C. The firm's expected revenues and expenses

Answers

These should be included in a firm's business model:  How the firm will market to customers and the firm's expected revenues and expenses. Thus option (a) and (c)  is correct.

What is  a business model?

A business model is a plan or framework that outlines how a company intends to generate revenue and make a profit.

A good business model includes the company's target market, the products or services it offers, its revenue streams, and the costs involved in delivering those products or services.

The firm's business model refers to a company's plan for making a profit. It  identifies the target market, and  anticipated  revenues and expenses.

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when does the taxpayer sign the tax return?

Answers

Answer:

when taxes are filed

Explanation:

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 demand for the good.
c. an increase in the price of the good.
d. a decrease in the short-run supply of the good.

Answers

If enforcement is aimed at buyers of an illegal good, (b)"it can lead to a decrease in demand for the good." The reasoning behind this is that if buyers perceive a higher risk of being caught and punished, they may be less willing to purchase the illegal good.

This decrease in demand can lead to a decrease in the price of the good, as suppliers will need to lower their prices to attract buyers.

However, it is important to note that this decrease in demand and price may not happen immediately. In the short run, the supply of illegal goods may actually increase as suppliers try to sell off their existing inventory before reducing their production in response to the lower demand. This short-run increase in supply may cause the price of the good to remain stable or even increase.

Overall, the effect of enforcement on the market for an illegal good will depend on various factors, including the size and effectiveness of the enforcement effort, the availability of substitutes for the illegal good, and the elasticity of demand and supply for the good.

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identify the true and false statements about the relationship between reliability and validity.

Answers

Establishing reliability in a measure is not sufficient for validity and a measure can be very reliable but not very valid are the true statements.

What connection exists between validity and reliability?

A measurement must be trustworthy in order to be valid. Reliability is primarily about consistency, whereas validity is linked to correctness. Thus, a measurement that is unreliable cannot be valid. A measurement, however, can be valid without being dependable.

What is accurate regarding reliability and validity?

Validity and reliability both refer to how well a method measures something: A measure's reliability is its constancy (whether the results can be reproduced under the same conditions). Validity is the term for a measure's precision (whether the results really do represent what they are supposed to measure).

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The complete question is:

Identify the true and false statements about the relationship between reliability and validity.

Establishing reliability in a measure is not sufficient for validity.

A measure can be very reliable but not very valid.

A measure that is reliable will always be valid.

The validity of a measure is the same as its reliability.

What is the formula for consumer surplus and producer surplus?

Answers

Consumer surplus and producer surplus are measures used in microeconomics to evaluate the welfare of clients and producers in a marketplace. The formulation for calculating consumer surplus and Producers surplus are as follows:

Customer Surplus:

Customer surplus is the distinction between the most charge a purchaser is willing to pay for a good or service and the actual rate they pay. Mathematically, consumer surplus can be expressed as:

CS = WTP - P

Producer Surplus:

Producer surplus is the distinction between the fee a manufacturer gets for a good or service and the minimum fee they may be willing to accept. Mathematically, producer surplus may be expressed as:

PS= P - WTA

These formulations are crucial tools for studying marketplace efficiency and understanding the distribution of advantages in a market.

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Of the following, which is the most likely effect of an increase in income tax rates? Decrease in the savings rate. Decrease in the supply of loanable funds. Increase in the interest rates. All of these choices are correct.

Answers

All of these choices are correct. An increase in income tax rates will likely decrease the savings rate, decrease the supply of loanable funds, and increase interest rates.

Firstly, when income tax rates increase, individuals and businesses have less disposable income to save. This leads to a decrease in the savings rate as people have less money to put aside for future use.

Secondly, an increase in income tax rates may lead to a decrease in the supply of loanable funds. This is because when people have less disposable income, they may be less likely to lend or invest money, which reduces the supply of loanable funds.

Thirdly, an increase in income tax rates may increase interest rates. This is because higher tax rates can reduce the after-tax returns on investments, which can make them less attractive to investors. As a result, investors may demand higher interest rates to compensate for the higher tax burden, which can lead to an increase in interest rates.

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what kinds of works are not protected by copyright?

Answers

Lexical items, small sentences, slogans, and content lists are not covered by copyright laws.

Copyright is the term used to describe the legal right of the owner of intellectual property. The simplest explanation of copyright is the ability to duplicate. The original authors of a work and anyone they authorise to do so are the only parties with the exclusive right to reproduce that work. Even though copyright law is not all-inclusive, further fines may be imposed under other laws, such as those governing patents and trademarks. After knowing what copyright is, it is essential to comprehend how it works. Intellectual property is what you create when you put a lot of thought into creating an original product.

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