As successive equal increases in a variable factor of production are added to fixed factors of production, there will be a point beyond which the extra product that can be attributed to each additional unit of the variable factor of production will decline. This is known as the law of diminishing total product. Diminishing average product. Decreasing product. Diminishing marginal product
Answers
The law of diminishing marginal returns is also known as the law of diminishing marginal productivity. It applies to situations where a firm increases the use of one factor of production while keeping all other factors constant. For example, a factory may increase the number of workers on an assembly line, while keeping the amount of machinery and raw materials the same.
Initially, as more workers are added to the assembly line, the production of goods will increase at an increasing rate. This is known as the stage of increasing returns. Each additional worker contributes more output than the previous worker. This occurs because the fixed factors of production, such as machinery and raw materials, are being used more efficiently as more workers are added.
However, at some point, the production of goods will start to increase at a decreasing rate. This is known as the stage of diminishing returns. Each additional worker now contributes less output than the previous worker. This occurs because the fixed factors of production are being used less efficiently as more workers are added. The factory may become overcrowded, and workers may start to get in each other's way, causing delays and inefficiencies.
Eventually, the production of goods will stop increasing altogether, and may even start to decrease. This is known as the stage of negative returns. At this point, the factory has become so overcrowded and inefficient that adding more workers actually decreases the amount of output produced.
The law of diminishing marginal returns is an important concept for firms to understand when making production decisions. They need to carefully consider the marginal product of each additional unit of a factor of production, and make sure that they are not adding too much of one input relative to others. If they do not carefully manage their inputs, they may find themselves in a situation of diminishing returns, where the cost of producing an additional unit of output exceeds the revenue generated by selling that unit.
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Related Questions
Novak Corp. Has accounts receivable of $90,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,284 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of uncollectibles are as shown below.
Answers
Answer:
Allowance for doubtful accounts balance as at March 31st 2022 is $10,056.
Explanation:
Novak Corp. already have a balance of $2,284 in allowance for doubtful account.
The increase in allowance for doubtful account is calculated as follows.
$61,700 * 2% = $1,234
$12,600 * 5% = $630
$9,200 * 28% = $2,576
$6,800 * 49% = $3,332
Total = $7,772
$7,772 + $2,284 = $10,056
what type of fraudulent activity involves an employee who assists a consumer in fraud?
Answers
The type of fraudulent activity that involves an employee who assists a consumer in fraud is known as collusive fraud.
In this type of fraud, an employee of a company colludes with a customer to commit fraudulent activities, such as theft, embezzlement, or unauthorized use of company resources.To prevent collusive fraud, companies should implement strong internal controls and monitoring mechanisms, conduct regular audits, and provide ethics training to employees.
They should also encourage employees to report any suspected fraud or unethical behavior. Collusive fraud is a serious issue that can have significant financial and reputational consequences for companies. It can be difficult to detect, as it involves an employee who is actively participating in the fraudulent activity.
In some cases, collusive fraud may involve multiple employees who are working together to commit the fraud.To prevent collusive fraud, companies should implement strong internal controls and monitoring mechanisms.
This includes segregating duties, conducting regular audits, and implementing fraud detection software. Companies should also provide ethics training to employees, encouraging them to report any suspected fraud or unethical behavior.
Overall, preventing collusive fraud requires a combination of strong internal controls, employee training, and a culture of ethics and transparency. By taking a proactive approach to fraud prevention, companies can protect themselves and their customers from financial losses and reputational damage.
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A car dealership performs a credit check on a potential customer. according to the credit bureau, the customer's credit score is 710. this is an example of
Answers
Answer:
Interval data
Explanation:
A credit bureau score is obtained when a company is about to give out a loan. It shows wether a person is likely to default on a loan based on historical borrowing behaviour.
When a score is between 580 to 669 means the scores are fair, 670 to 739 is a good score, while 740 to 799 is very good.
This way of scoring occurs in in a scale that occurs at equal intervals or units.
The scores are expressed as numerical value between points that are standardised and equal.
This is called interval data
“I’ve been at my job for four days, and I’ve already met all my coworkers!” Amber says. Which type of business does Amber MOST likely work for?
Answers
explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
If this price is increased by %, what is the approximate percentage change in demand?
Answers
Price elasticity is a measure of how responsive the quantity demanded or supplied of a good is to a change in its price. It is computed by dividing the percentage change in quantity demanded (or supplied) by the percentage change in price.
Elasticity can be categorized into five broad groups: perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary. A demand or supply is considered elastic if the elasticity is greater than one, which means that there is a high responsiveness to changes in price.
Unitary elasticity is when the percentage change in quantity demanded (or supplied) is equal to the percentage change in price.
Understanding price elasticity is crucial in economics as it helps determine the behavior of consumers and producers in response to changes in price.
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write in brief about training
Answers
Answer:
Training is teaching, or developing in oneself or others, any skills and knowledge or fitness that relate to specific useful competencies. Training has specific goals of improving one's capability, capacity, productivity and performance.
Explanation:
Hope it helps you:))
Soledad and winston are partners who share income in the ratio of 1:3 and have capital balances of $49,800 and $71,700, respectively, at the time they decide to terminate the partnership. after all noncash assets are sold and all liabilities are paid, there is a cash balance of $63,700. what amount of loss on realization should be allocated to soledad?
Answers
The amount of loss on realization to be given to soledad will be $16700 if there is a remaining cash balance of $63700.
What is cash balance?The sum of cash that a business has on hand is known as its cash balance. To cover any unforeseen cash outflows, this money is maintained on hand. Businesses can find themselves unable to pay their expenses without this safety net. Normally, cash balances are put towards debt repayment or given back to investors in the form of a dividend. You obtain it by adding the money received and deducting the money expended. The quantity of cash on hand is called the cash balance. You obtain that by adding this month's cash flow to the previous month's cash balance, or deducting if the cash flow is negative.
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I need help!
The management of a large hotel in your country is considering ways of increasing room occupancy during the five off-peak months of the year. The hotel has very good leisure facilities, including a spa with heated indoor pool and beauty treatments. It has a very large room that is only used for wedding receptions about 30 times during the year. The hotel's restaurant has a very good reputation for food quality and providing value for money.
Develop a marketing strategy that might be used by the hotel to increase room occupancy during the five off - peak months of the year.
Answers
Answer:
For the off-peak months of the year, the best marketing strategy would be a combination of offering lower prices, and an increased spending in advertising.
The lower prices can attract potential customers who are otherwise unwilling to go to the hotel during the off-peak period, and the increased spending in advertising can attract more customer, enlarging the potential customer base, or customer pool.
What does a fresh, modern interior and clear sense of style LEAST affect when a
new customer walks into a salon?
(1 point)
a tone
a price point
an expectation
a standard
Answers
Option B. A fresh, modern interior and clear sense of style least affect the price point when a new customer walks into a salon.
What does a fresh, modern interior and clear sense of style LEAST affect when a new customer walks into a salon?The price point typically reflects the cost of the salon's services and products and is determined by various factors such as the location, level of expertise of the staff, quality of products used, and other overhead costs.
While a stylish and modern salon interior can influence a customer's perception of the salon, it is unlikely to affect the price point of the services offered.
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Hello (●’◡’●)ﾉ pls help
Is from economy class
3.08 free trade and barriers
Answers
Paragraph 1: Introduction- The exchange boundary talked about within the article is "Biden's Hesitant Approach to Free Exchange." This tells about the cautious position taken by President Biden towards free exchange assertions and the potential boundaries he has forced or plans to force.
What is the free trade about?Article Outline:
The most thought of the news article is that President Biden's approach to free exchange has drawn backfire from different partners. The article was written by an creator (not indicated) and distributed within The Modern York Times.
Article Investigation: The article does not really express suppositions on the exchange issue, because it presents a truthful account of President Biden's approach to free exchange and the responses it has gotten from different partners.
Conclusion: My takeaway from this exchange case is that there are complex issues and trade-offs included in free exchange and exchange obstruction arrangements.
Citation:
Author(s). "Biden's Hesitant Approach to Free Exchange Draws Backfire." The Modern York Times, Date of distribution, URL (in case accessible).
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See text below
3.08 free trade and barriers
The New York Times
Biden's Reluctant Approach to Free Trade Draws Backlash
Paragraph 1 Introduction
Which trade barrier(s) is (are) discussed in the article you found? What is this type of barrier, and how does it generally work? In general, who is it expected to benefit, and how?
Paragraph 2-Article Summary
What is the main idea of the news article you found? Who wrote and published it? What type of trade issue(s) does the article focus on? What people and/or organizations have an interest in this trade
issue?
Paragraph 3-Article Analysis
What opinions on the trade issue are expressed in the article? Whose opinions are they? (The author might express their own opinion and/or those of political leaders and affected industry organizations.) Which opinion has the most support as presented in your news article? Does this reflect a potential bias of the author or the publisher?
Paragraph 4-Your Position
What is your reaction to the news article? Do you think the current events regarding this trade issue will be helpful or harmful to the affected U.S. industry? Will it benefit the overall U.S. economy? What would you recommend to political leaders who must make a decision on the issue?
Paragraph 5-Conclusion
What is your main takeaway, or memorable idea, from having read and considered this trade issue? How could the outcomes described or anticipated in the news article affect U.S. consumers? What do you think they should know about it?
You must include a list of citations for the news article and any other sources you used to complete this assignment. Use proper MLA format to compose your citations.
Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Answers
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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Straight bank loan. Right Bank offers EAR loans of 8.81% and requires a monthly payment on all loans. What is the APR for these monthly loans? What is the monthly payment for a loan of (a) $250,000 for 7 years, (b) $445,000 for 13 years, or (c) $1,100,000 for 29 years? What is the APR for these monthly loans? % (Round to three decimal places.)
Answers
To calculate the APR (Annual Percentage Rate) for the monthly loans offered by Right Bank, we need to convert the EAR (Effective Annual Rate) to APR.
The formula to convert from EAR to APR is as follows:
APR = (1 + r/n)^n - 1
Where:
r is the EAR as a decimal (in this case, 8.81% = 0.0881)
n is the number of compounding periods per year (since it's a monthly payment, n would be 12)
Let's calculate the APR:
APR = (1 + 0.0881/12)^12 - 1
APR ≈ 0.0917 or 9.17%
So, the APR for the monthly loans offered by Right Bank is approximately 9.17%.
Now, let's calculate the monthly payments for each loan amount:
(a) $250,000 for 7 years:
Using the formula for a loan payment:
P = (r * PV) / (1 - (1 + r)^(-n))
Where:
P is the monthly payment
r is the monthly interest rate (APR divided by 12)
PV is the loan amount (present value)
n is the number of monthly payments (7 years * 12 months per year)
r = 9.17% / 12 = 0.7642% = 0.007642 (as a decimal)
n = 7 * 12 = 84
P = (0.007642 * 250,000) / (1 - (1 + 0.007642)^(-84))
P ≈ $3,582.59
The monthly payment for a loan of $250,000 for 7 years would be approximately $3,582.59.
(b) $445,000 for 13 years:
Using the same formula:
r = 0.007642
n = 13 * 12 = 156
P = (0.007642 * 445,000) / (1 - (1 + 0.007642)^(-156))
P ≈ $4,870.96
The monthly payment for a loan of $445,000 for 13 years would be approximately $4,870.96.
(c) $1,100,000 for 29 years:
Using the same formula:
r = 0.007642
n = 29 * 12 = 348
P = (0.007642 * 1,100,000) / (1 - (1 + 0.007642)^(-348))
P ≈ $7,715.23
The monthly payment for a loan of $1,100,000 for 29 years would be approximately $7,715.23.
Therefore, the monthly payments for the three loan amounts are:
(a) $3,582.59
(b) $4,870.96
(c) $7,715.23
And the APR for the monthly loans is approximately 9.17%.
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the ceo at green inc. has established that employees should adhere to a vertical communication process and a fixed work flow system, and she strictly monitors these processes. the steps taken by the ceo at green inc. reflect the behavior of leaders suggested by the ohio state studies. group of answer choices employee-centered consideration initiating structure job-centered authoritative
Answers
The Ohio State Studies were a series of research studies conducted in the late 1940s and early 1950s by a team of researchers from Ohio State University. The studies aimed to identify the key behaviors exhibited by effective leaders in order to provide a framework for leadership development.
One of the key findings of the Ohio State Studies was that effective leaders exhibited two types of behavior: consideration and initiating structure. Consideration refers to the extent to which a leader is supportive, friendly, and approachable toward their employees. Initiating structure, on the other hand, refers to the extent to which a leader is task-oriented, organized, and focused on achieving goals.
Now, to connect this to the behavior of the CEO at Green Inc., it appears that the CEO is exhibiting a high degree of initiating structure. By establishing a fixed workflow system and monitoring it closely, she is demonstrating a focus on achieving goals and ensuring that tasks are completed efficiently. This is in line with the behavior of job-centered leaders identified in Ohio State Studies.
However, it is unclear from the information provided whether the CEO is also exhibiting consideration toward her employees. The fact that she is strictly monitoring the communication process could suggest that she is not particularly approachable or supportive towards her employees, which would be at odds with the behavior of employee-centered leaders identified in Ohio State Studies.
In conclusion, the steps taken by the CEO at Green Inc. reflect the behavior of job-centered leaders suggested by Ohio State Studies. However, without more information about her behavior towards her employees, it is difficult to determine whether she is also exhibiting consideration toward them.
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Should a business email contain a salutation?
Answers
Answer:
A business email is meant in a professional way. It can be sought out as multiple different approaches, one of them, in this case, can include a friendly and welcoming business approach, including a salutation. All in all, it is up to the writer, there is no fully correct answer. Hope this helps :)
Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.
a. accountants
b. legal counsel
c. ethics officers
d. ethics programs
e. codes of ethics
Answers
a. accountants
that's the answer, hope it helps
Which career field is likely to experience increased job openings and security over the
next few years? (10 points)
O Retail
O Nursing
O Government
O Manufacturing
Answers
Answer: government
Explanation:
Government is the career field is likely to experience increased job openings and security over the next few years. Hence, option C is correct.
What is Government is the career?Public Sector Employment is "a particular government responsibility or action. A "government job" is widely defined for recruitment purposes as any position in any department or entity that works for the government. Consequently, a position carrying out government business is a government employment ".
Among the job options in the U.S. government are political jobs working for the executive, judicial, and legislative branches of the federal government.
Government employees are employed by the military, the post office, federal law enforcement organizations, and other governmental agencies and departments.
Thus, option C is correct.
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compare between saudi arabia and china's investment income balance
during 2021. Which country is better and why.
Answers
It's important to consider a broader range of economic indicators, such as GDP, employment rates, trade balances, and overall economic stability, to form a comprehensive assessment.
To compare the investment income balance between Saudi Arabia and China in 2021, we would need detailed and up-to-date data on their investment income flows, such as income from foreign direct investment (FDI), portfolio investments, and other financial instruments. determining which country is "better" based solely on investment income balance is subjective and depends on various factors, including the economic goals, development strategies, and priorities of each country. It's important to consider a broader range of economic indicators, such as GDP, employment rates, trade balances, and overall economic stability, to form a comprehensive assessment. If you have access to updated and specific data regarding the investment income balance of Saudi Arabia and China in 2021, you can analyze the trends, compare the performance, and consider other relevant economic indicators to make a more informed judgment.
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Who do you think has the most
influence?
Answers
Answer:
because the influence is an important
20kg of beans at #150/kg are mixed with 15kg of beans at #180/kg , if the mixture is sold at #200/kg , calculate the percentage profit and correct to 3s f
Answers
Answer: 18.6%
Explanation:
Cost of 20 kg of beans at #150 per kg is:
= 20 * 150
= #3,000
Cost of 15 kg of beans at #180 per kg is:
= 15 * 180
= #2,700
Total cost is:
= 3,000 + 2,700
= #5,700
Mixing both beans results in a weight of:
= 20 + 15
= 35 kg
This 35kg is sold at #200 per kg so the revenue is:
= 35 * 200
= #7,000
Percentage profit is:
= (Revenue - Cost) / Revenue * 100%
= (7,000 - 5,700) / 7,000 * 100%
= 18.6%
6. Which of the following statements is correct?
Long run reversal ...
a. cannot be explained
b. can explain if investors do not maximize their wealth
c. none of the answers is correct
d. cannot help
Answers
The correct statement among the given alternatives is "b. can explain if investors do not maximize their wealth."
The long-run reversal theory is a phenomenon that explains that the highly successful funds of a particular period may not perform the same in the next period.
It also states that the funds that performed poorly in the first period are likely to perform better in the next period.
Investors often invest in funds that performed well in the previous period to maximize their wealth.
However, the long-run reversal theory suggests that investing in such funds might not yield the same returns in the next period.
The success of a fund is influenced by various factors such as market trends, economic conditions, and investor behavior.
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Jem wants to make sure the gaming system she wants to buy includes
access to live events. What should Jem do to ensure she makes an informed
buying decision?
O A. Jem should consult friends on social media.
O B. Jem should review warranties and return policies.
O C. Jem should make the purchase with confidence.
O D. Jem should read the product description carefully.
Answers
Answer:
D. Jem should read the product description carefully.
Explanation:
Some social workers work in hospitals.
A. True
B.False
Answers
Answer: True
Explanation
Social workers in hospitals for many reasons. They help patients or families cope with emotional and social responses
You should not be descriptive when writing a business letter?
True
False
Answers
Answer:
False
Explanation:
In descriptive writing, the author uses details to express their ideas. They use words to evoke emotions and paint a picture of the message they are trying to convey.
A business letter should be brief, concise, and clear. The author of a business letter should use as few words as possible to put their message across. For this reason, descriptive writing is not good for business letters.
Answer:
false
Explanation:
What "old fashioned" features of checking accounts is P2P replacing?
It's spit out by an ATM as old-fashioned cash
Answers
P2P (Peer-to-Peer) payment systems are replacing the need for physical checks and the manual process of writing, mailing, and depositing them.
In traditional checking accounts, checks were commonly used as a means of transferring funds between individuals or businesses. However, P2P payment systems have emerged as a digital alternative that allows users to send and receive money electronically, eliminating the need for physical checks. With P2P payments, individuals can transfer funds directly from their bank accounts to another person's account using online platforms or mobile apps. This electronic transfer is faster, more convenient, and often free or low-cost compared to the time and expenses associated with writing, mailing, and processing physical checks.
P2P payment systems also provide additional benefits and features that make them more appealing and efficient than traditional checking accounts. They offer real-time transfers, instant notifications, and the ability to track payment history easily. Users can initiate transactions anytime, anywhere, without the need for physical checks or visiting a bank branch. P2P payment systems have become increasingly popular due to their simplicity, speed, and convenience, making them a preferred choice for many individuals and businesses to transfer funds and split expenses.
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A writer, an illustrator, a publisher and an agent would form a
a. Functional team
b. Cross-functional team
C. Management team
d. Corporate team
Answers
Answer:
B. Cross-functional team
Explanation:
A writer, an illustrator, a publisher, and an agent would form a Cross-functional team. The correct option is B.
What are cross-functional skills?A Cross-Functional Candidate, according to Glassdoor, is a candidate with jack-of-all-trades abilities. In other words, a candidate with cross-functional skills is someone who is proficient in one or more related technologies or skills while also being knowledgeable in other technologies or skills.
Working cross-functionally, also referred to as working with teams other than your own, will inevitably occur at some point in your career. And doing it well can inspire innovative ideas, enhance your ability to interact with others, and improve your workplace's culture, productivity, and happiness.
Thus, the ideal selection is option B.
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The advantages of using an export strategy to build a customer base in foreign markets include o utilizing excess production capacity to make goods for export and otherwise limiting the amount of capital required to begin competing internationally. reducing the time it takes to establish profit sanctuaries in foreign countries. being able to minimize shipping costs, escape tariffs, and avoid the risk of adverse changes in currency exchange rates. being cheaper and more cost effective than licensing and franchising. O being especially well-suited to accommodating variations in local buyer tastes.
Answers
The advantages of using an export strategy include utilizing excess production capacity to make goods for export and otherwise limiting the amount of capital required to begin competing internationally.
What is the export market strategy?In contrast to domestic marketing, export marketing concentrates on selling your product abroad. Export marketing can be more difficult because you must cater to other cultures, beliefs, and tastes even if it uses identical tactics to domestic marketing. For businesses that are just starting to enter a new overseas market, exporting is an excellent entry strategy.
The benefits of exporting include a substantial increase in your market size and decreased reliance on any one market. Better margins and bigger economies of scale might result from the increased output. You can modify current items to appeal to new markets, which could make your research and development budget work harder.
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Explain about E = mc² !!??
Answers
Answer:
E = mc2. It's the world's most famous equation, but what does it really mean? "Energy equals mass times the speed of light squared." On the most basic level, the equation says that energy and mass (matter) are interchangeable; they are different forms of the same thing.
Explanation:
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According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain equal?
Answers
Answer:
According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.
Explanation:
The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.
Answer:
The wage rate for that job will be pushed down.
Explanation: I just took the test and got it right
in which managerial task are work relationships structured to facilitate the interaction and cooperative efforts of organizational members, all of whom strive to achieve organizational goals? group of answer choices planning leading reviewing controlling organizing
Answers
While planning, leading, reviewing, and controlling are also important managerial tasks, organizing specifically focuses on structuring the work relationships and creating the framework for the organization to function effectively.
What is Origination?
In finance, origination refers to the process of creating a new loan or other financial product. It involves gathering information about the borrower, evaluating their creditworthiness and ability to repay, and establishing the terms and conditions of the loan or financial product.
Origination can also refer to the process of issuing a new security, such as a bond or stock, in the capital markets. In this case, the process involves underwriting, which is the process of evaluating the risks and setting the price of the security to be issued.
Organizing involves designing the structure of the organization and creating systems and processes to facilitate the coordination and collaboration of employees towards the achievement of the organization's goals. This includes defining roles and responsibilities, establishing reporting relationships, allocating resources, and creating communication channels.
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