Answer:
1. External analysis
2. Internal analysis
3. Define business
4. Set objectives
5. Quantify goals
6. Formulate strategies
7. Tactical planning
Explanation:
Global Strategic Planning happens in the following 7 stages;
1. External Analysis
Scan the business's external Environment and identify the opportunities presented or the threats posed by outside forces to the company.
2. Internal Analysis
Then it is time to look into the company and find out it's strengths, weakness, it's customers and value chain, and what sets it apart from others. In other words, what is the Differentiation factor that it has over other companies.
3. Define Business
What is the company's reason for being in existence. What are the objectives and aims of the business and who is it targeting. Why is it targeting them. This is where those Important questions are asked so that one might know why the business exists.
4. Set Objectives.
Here the company should set objectives for what they want the company to do in the global Environment. How the company should be positioned and what the strategic goals are.
5. Quantify Goals
Here the company attempts to quantify or properly express the goals that they hope to achieve in the globe so make it less complicated.
6. Formulate Strategies
Based on what the company has researched and analyzed about itself and the external Environment, strategies for implement it's goals should then be formulated.
7. Tactical Planning
After the Strategic goals have been made, the Tactical Planning is next. This is when the plans that will ensure the success of the strategic goals are then made. These are more short term in nature unlike the strategies that are long term.
1. External analysis
2. Internal analysis
3. Define business
4. Set objectives
5. Quantify goals
6. Formulate strategies
7. Tactical planning
The following information should be considered:
Global Strategic Planning happens in the following 7 stages;
External Analysis : Here the business's external Environment should be scanned.Internal Analysis: In this, it shows the strengths, weakness, it's customers and value chainDefine Business: Reason for existence, objective, aims, etc Set Objectives: Here the company should set objectives for what they want the company to do in the global Environment. Quantify Goals: Here the company attempts to quantifyFormulate Strategie: strategies for implement it's goals should then be formulated.Tactical Planning: The plans that will ensure the success of the strategic goals are then made.Learn more: https://brainly.com/question/17961582?referrer=searchResults
Steve would like to invest his money. He can't decide if he should invest in a CD, mutual fund, or a savings account. What should Steve do to help him decide?
A) Ask his friends where they invest their money.
B) Gather reliable information and use PACED.
C) Spend the money.
D) Keep it in his checking account.
PLSS HELP HURRY
The best option for Steve to help him decide which investment option to choose would gather reliable information and use PACED. Therefore, option (B) is correct.
By using PACED, Steve can gather information about each investment option and evaluate them based on factors such as risk, return, fees, and liquidity.
This will help him make an informed decision that aligns with his financial goals and risk tolerance. Relying on opinions of friends, spending the money or keeping it in the checking account without evaluating investment options will not lead to an informed decision.
Thus, option (B) is correct.
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In a(n) ________, managers and employees from across the firm work to understand the firm's strengths and weaknesses.
Answer:
HR scorecards
State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. also, indicate its normal balance.
Typical Entrees Normal Balance
1. Accounts Payable -
2. Cash -
3. Dividends -
4. Miscellaneous
5. Insurance Expense
6. Fees earned
Answer:
Explanation:?
Why would a company have a physical headquarters in one state but file for incorporation in another state?.
Answer:
Employees pay income taxes based on the rates of the chartering state, so a company may choose to charter in a state with lower income taxes.
Pls, the meaning of warranty
Answer:
A warranty is a written promise by a company that, if you find a fault in something they have sold you within a certain time, they will repair it or replace it free of charge.
Think of as many problems, challenges or issues that affect you, your school, or your community. Create a list of as many of these issues that come to mind. At this phase, aim for quantity over quality and let your imagination run wild! List at least 5.
Eating healthy
Need for working out
Getting more sleep
Wanting to go different places and not stay in one place for ever.
Learning new stuff
Production is an example of a marketing activity.
Question 1 options:
True
False
Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:
Machine-hours required to support estimated production 155,000
Fixed manufacturing overhead cost $ 653,000
Variable manufacturing overhead cost per machine-hour $ 4.70
Required:
1. Compute the plantwide predetermined overhead rate.
2. During the year, Job 400 was started and completed. The following information was available with respect to this job:
Direct materials $ 390
Direct labor cost $ 220
Machine-hours used 37
Compute the total manufacturing cost assigned to Job 400.
3. If Job 400 includes 60 units, what is the unit product cost for this job?
4. If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400?
find- Predetermined overhead rate =
total manufacturing cost=
If Job 400 includes 60 units, what is the unit product cost for this job?
If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400?
Answer:
Instructions are below.
Explanation:
Giving the following information:
Machine-hours required to support estimated production 155,000
Fixed manufacturing overhead cost $ 653,000
Variable manufacturing overhead cost per machine hour $ 4.70
First, we need to calculate the predetermined overhead rate.
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (653,000/155,000) + 4.7
Predetermined manufacturing overhead rate= $8.91 per machine hour
Job 400:
Direct materials $ 390
Direct labor cost $ 220
Machine-hours used 37
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 8.91*37= $329.67
Now, we can calculate the total cost and unitary cost:
Total cost= 390 + 220 + 329.67= 939.67
Unitary cost= 939.67/60= $15.66
Finally, the selling price for Job 400:
Selling price0 939.67*1.2= $1,127.6
The primary reason for creating a schedule of accounts receivable is
A. to be certain the accounts in the accounts receivable ledger
match the total in the general ledger
B. to show all of the customers with open accounts over the course
of the previous year
C. to make sure that customers are invoiced the correct amount for
each purchase
D. to estimate the amount of uncollectable accounts shown in the
ledger at a given time
Answer: To be certain the accounts in the accounts receivable ledger match the total in the general ledger
Explanation:
Answer: A. to be certain the accounts in the accounts receivable ledger
match the total in the general ledger
Explanation: The primary reason for creating a schedule of accounts receivable is to reconcile the accounts receivable ledger with the general ledger, ensuring accuracy, and integrity in the financial records of the company.
Accounts Receivable Ledger: The accounts receivable ledger keeps track of all the individual customer accounts and the amounts they owe. This ledger is usually maintained separately from the general ledger, which contains all the financial transactions of the company.
General Ledger: The general ledger provides a summary of all the financial transactions of the company, including accounts receivable.
Matching the totals: By creating a schedule of accounts receivable, you can compare the total amount of accounts receivable in the accounts receivable ledger with the total amount of accounts receivable in the general ledger. This ensures that both ledgers reflect the same amount and helps identify any discrepancies or errors.
Identifying errors: If the totals don't match, it could indicate errors in recording transactions, such as missing or duplicate entries. By identifying and correcting these errors, you can maintain accurate financial records and ensure the integrity of your accounts receivable information.
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Define moral development and moral reasoning
Answer:
:D
Explanation:
Moral development refers to the process through which individuals acquire moral values, beliefs, and behaviors. It is a lifelong process that begins in childhood and continues throughout adulthood. Moral development involves the internalization of moral principles and the development of a moral sense of right and wrong.
Moral reasoning, on the other hand, refers to the cognitive processes through which individuals make moral judgments and decisions. It involves the ability to reason about ethical issues, consider different perspectives, and make decisions based on moral principles. Moral reasoning can be influenced by a variety of factors, including cultural norms, socialization, personal experiences, and cognitive development.
You bought two new CDs with the last $30 in your checking account, and your next payday is on Monday. What is the opportunity cost of these CDs?"
Group of answer choices
the satisfaction of knowing you are the first of your friends to have these CDs
the difference between the cost to produce the CDs and the price you paid for them
the night out with your friends that you miss because you can?t afford it now
the $30 check that you wrote for the CDs
Answer:
the $30 check that you wrote for the cds
Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for example, Boy Scouts, church groups, civic groups, and local businesses) would like to hold one-day outings for their members. Groups would engage in outdoor activities such as rock climbing, fishing, capture the flag, paintball, treasure hunts, scavenger hunts, nature hikes, and so on. The purpose of these one-day events would be for each member of the group to learn the importance of TEAM (Together Everyone Achieves More).
Tony knows that most people are not familiar with these types of activities, so to encourage business he allows groups to participate in the event before paying. He offers a 4% quick-payment discount to those that pay within 10 days after the event. He also guarantees that at least eight hours of outdoor activities will be provided or the customer will receive a 20% discount. For the first six months of the year, the following activities occur for TEAM operations.
Jan. 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $6,000 cash.
Feb. 25 Mr. Kendall’s Boy Scout troop participates in a one-day TEAM adventure. Normally, Tony would charge a group of this size $4,500, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $4,000. Great Adventures provides these services on account.
Feb. 28 The Boy Scout troop pays the full amount owed, less the 4% quick-payment discount.
Mar. 19 Reynold’s Management has its employees participate in a one-day TEAM adventure. Great Adventures provides services on account for $5,000, and Reynold’s agrees to pay within 30 days.
Mar. 27 Reynold’s pays the full amount owed, less the 4% quick-payment discount.
Apr. 7 Several men from the Elks Lodge decide to participate in a TEAM adventure. They pay $8,500, and the event is scheduled for the following week.
Apr. 14 The TEAM adventure is held for members of the Elks Lodge.
Apr. 30 Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on account for $7,000, and Myers agrees to pay within 30 days.
May 31 Myers Manufacturing fails to pay the amount owed within the specified period and agrees to sign a three-month, 7% note receivable to replace the existing account receivable.
Jun. 15 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $29,000 to these groups, with payment due in July.
Required:
a. Record adjusting entry for uncollectible accounts.
b. Record the accrued interest revenue.
If on Jan. 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $6,000 cash. The adjusting entry for uncollectible accounts and the accrued interest revenue are:
a. The adjusting entry for uncollectible accounts are:
Jan. 24, 2022
Debit Equipment $6,000
Credit Cash $ 6,000
(To record purchase of equipment and other materials)
Feb. 25
Debit Account Receivable $4,000
Credit Service Revenue $4,000
(To record service revenue on account)
Feb. 28
Debit Cash $3,840
($4,000-$160)
Debit Cash Discount $160
(4%×$4,000)
Credit Account Receivable $4,000
(To record cash receipt and discount)
Mar. 19
Debit Account Receivable $5,000
Credit Service Revenue $5,000
(To record service provided on account)
Mar. 27
Debit Cash $4,800
($5,000-$200)
Debit Cash Discount $200
(4%×$5,000)
Credit Account Receivable $5,000
(To record cash receipt and discount allowed)
April 7
Debit Cash $8,500
Credit Unearned Service Revenue $8,500
(To record cash receipt for providing service in future)
April 14
Debit Unearned Service Revenue $8,500
Credit Service Revenue $8,500
(To record unearned revenue being earned)
April 30
Debit Account Receivable $7,000
Credit Service Revenue $7,000
(To record service provided on account)
May 31
Debit Note Receivable $7,000
Credit Account Receivable $7,000
(To record a 3 months, 7% Note Receivable)
Jun. 15
Debit Account Receivable $29,000
Credit Service Revenue $29,000
(To record service provided on account)
b. The journal entries to record the accrued interest revenue are:
Jun. 30
Debit Interest Receivable $40.83
Interest Revenue $40.83
($7,000×7%× 1/12)
(To record accrued interest for 1 month)
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If you wanted to purchase ownership interests in diversified portfolios of investments which type of financial product provider should you contact
Answer:
mutual fund
Explanation:
Mutual funds are investment plans that involve investors buy shares in a basket of financial securities. A mutual fund manager pool resources from investors and skillfully invests them in a portfolio comprising stock, bonds, and other short term financial securities. Each unit of a mutual fund is made up of smaller units of equities and financial securities of different companies. The mutual fund manager professionally selects the securities that make up the portfolio.
You call a coworker to see if they can come help you solve a problem
Dog Up! Franks is looking at a new sausage system with an installed cost of $520,000. This cost will be depreciated straight-line to zero over the project’s five-year life, at the end of which the sausage system can be scrapped for $83,000. The sausage system will save the firm $154,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $32,500. If the tax rate is 23 percent and the discount rate is 11 percent, what is the NPV of this project?
The net present value of the project is $-40,793.30.
What is the net present value?Net present value is a capital budgeting method that is used to determine the profitability of a project. The net present value is the present value of the cash flows expected from the project less the cost of the project.
When using the net present value, a project should only be accepted if its net present value is positive. This is because it means that the project is profitable.
Cash flow from the project = (amount the project will save the firm - depreciation) x (1 - tax) + depreciation
Terminal year cash flow = salvage value + net working capital - tax(salvage value - book value)
Depreciation = (cost of the asset - salvage value) / useful life
($520,000 - 0) / 5 = $104,000
Cash flow from the project = ($154,000 - $104,000)(1 - 0.23) + 104,000
= ($50,000 x 0.76) + 104,000 = $142,000
Terminal year cash flow = $83,000 + $32,500 - (0.23 x $32,500) = $108,025
Net present value can be calculated using a financial calculator:
Cash flow in year 0 = $520,000 + $32,500 = $552,500
Cash flow from year 1 to 4 = $142,000
Cash flow in y ear 4 = $108,025
I = 11%
NPV = $-40,793.30
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)A stock is expected to pay a dividend of $1 per share in two months and in five months. The stock price is $50, and the risk-free rate of interest is 8% per annum with continuous compounding for all maturities. An investor has just taken a short position in a six-month forward contract on the stock. The forward contract is initiated today.
(1) the forward price of the forward contract is $_____ (保留四位小数)
(2) the initial value of the forward contract is $_____ (保留四位小数)
(3) Three months later, the forward price of the stock is 47.9699 for the same forward contract and the risk-free rate of interest is still 8% per annum. The value of the short position in the forward contract is $_____(保留四位小数)
If you have a given chance to have your own business . what is your mission and vision towards your business?
Answer:
A Mission Statement defines the company's business, its objectives and its approach to reach those objectives. A Vision Statement describes the desired future position of the company. Elements of Mission and Vision Statements are often combined to provide a statement of the company's purposes, goals and values. pls add me in brainliest answer
Which of the following account options earns the lowest interest?
O Savings
O Certificate of deposit
O Roth IRA
O Money market
Out of the choices provided above, it can be concluded that a savings deposit account is the one that earns the lowest amount of interest. Therefore, the option A holds true.
What is the significance of a savings account?A savings account, or a bank deposit account, can be referred to or considered as such an account in which a person will be able to deposit any sum of monies, and earn a fixed and predetermined rate of interest over such deposit.
Usually, savings account is used for the purpose of safekeeping of money, and is not used for the purpose of investment. As a result, the amount of interest offered by the banks in a savings account deposit is the lowest among all money instruments.
Therefore, the option A holds true and states regarding the significance of a savings account.
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An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume
and cost and using the least squares method to develop an estimated regression equation relating volume and cost,
an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following
sample of production volumes and total cost data for a manufacturing operation.
D
bo
Production Volume (units)
400
450
550
600
700
750
a. Use these data to develop an estimated regression equation that could be used to predict the total cost for a given
production volume. Do not round intermediate calculations.
=
Total Cost ($)
4,400
5,400
5,800
6,300
6,800
7,400
Compute bi and bo (to 1 decimal). Do not round intermediate calculations.
b₁
Complete the estimated regression equation (to 1 decimal). Do not round intermediate calculations.
y =
+
x
b. What is the variable cost per unit produced (to 2 decimal)? Do not round intermediate calculations.
$
c. Compute the coefficient of determination (to 3 decimals). Do not round intermediate calculations. Note: report ²
between 0 and 1.
The proportion of variability in y is 95.9%.
How to solve(A)
According to the data, production volume is the independent variable (x) and total cost is the dependent variable (y).
Guidelines for creating a regression model to create an estimated regression equation that may be applied to forecast the overall cost for a specific production volume.
1: Choose Stat > Regression > Regression.
2: In Response, enter the column of Total cost.
3: In Predictors, enter the columns of Production volume.
4: Click Ok.
Follow the above instructions to get the regression output as shown below:
Regression Analysis: Total Cost ($) versus Production Volume (units)
The regression equation is
Total Cost ($)
1247 7. 60 Pro
Part A
The estimated regression equation that could be used to predict the total cost for a given production volume is Totalcost($)= 1,247+7.60 production volume (units) .
The equation of the least squares line is,
Totalcost($)=1,247+7.60Productionvolume(units) .
Every additional unit of the variable production volume results in a 7.60 unit increase in the predicted total cost.
When the explanatory variable (production volume) is zero, the response variable (total cost) would have a value of $1,247.
(B)
The estimated regression equation is,
Totalcost($)=1,247+7.60Productionvolume(units)
From the regression equation, the slope represents the variable cost per unit produced which $7.60.
Part B
The variable cost per unit produced is $7.60.
The variable cost per unit produced is obtained from the estimated regression equation Totalcost($)=1,247+7.60Productionvolume(units) .
(C)
The regression output when done gives the values..
The MINITAB output shows that the production volume accounts for 95.9% of the variation in total cost, with a coefficient of determination of 0.959.
Part C
95.9% of the fluctuation in total cost can be described by production volume, according to the coefficient of determination of 0.959.
The proportion of variability in y is 95.9%.
The linear relationship between the variables production volume (x) and total cost accounts for 95.9% of the variability in total cost (y) (y).
The information obtained below provides the operation's projected total cost:
Total cost (S) 1,247+7.60 Production volume (units)
1,247+7.60 (500)
- 1,247 +3,800
=$5,047
Part D
The estimated total cost for this operation is $5,047.
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Critique the concept of Socialism using appropriate examples
The concept of socialism can be critiqued using examples of countries in which socialist economic systems have been enforced similar as the former Soviet Union, Venezuela, Cuba.
Critics argue that these countries have experienced economic recession, low norms of living, and a lack of individual freedoms due to the absence of free request competition and government control over resources and product. Socialism's critics argue that the absence of incentives for individual initiative, innovation, and profit has led to low situations of effectiveness, productivity and quality in these countries.
sympathizers of socialism argue that there are also examples of socialist systems that have achieved high living norms and greater economic equality similar as in Scandinavia.
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the wildlife department has been feeding special food to rainbow trout finger lings in a pond. A sample of weight of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams .
what is estimated mean wight of population? what is 99% confidence interval?,what degree of confidence is being used? interparet the result
We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.
To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.
Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.
To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.
For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).
The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.
The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.
In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.
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Assume yourself as a Marketing Specialist of a Company and Determine the New Product Development Process by manufacturing a New Product for your company.
Explanation:
Assuming my company produces body care products and decides to introduce a new product–a toothbrush, the development process would involve:
1. Idea Generation:
It smbegins with an idea or imagination of what the ideal toothbrush would be, what problem would it solve for consumers. The idea could be random or it could be as a result of an identified need.
2. Idea Evaluation:
Remember, it is one thing to have an idea but another to have an idea that would work. Therefore, quality time would be taken to separate workable ideas about the ideal toothbrush from bad ones. This idea evaluation process is a very useful stage in the product development process.
3. Concept Development and Testing:
Remember, testing the concept about the new toothbrush allows for an expanded idea. The prototype of the toothbrush would be tested with consumers to find out whether the idea is worth the effort. Their feedback would be noted to improve the product further.
4. Marketing strategy
5. Final Product development
Janae has created a table of her company's revenue data. The company sells its products in four cities. Janae's manager told her to create a new
visual showing the share of revenue from each city. Complete the following sentences.
Janae should choose a
to show each city's contribution to the company's total revenue. This type of visual is especially
effective because it allows her to show the revenue from each city as a
of the company's total revenue.
Reset
Next? Does anyone know the answer
Answer:
First one is "Pie Chart"
Second one is "Percentage"
Explanation:
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Which of the following statements accurately describes how an event will impact supply? Choose 1 answer: Choose 1 answer: (Choice A) A An increase in costs of production will cause an increase in the supply curve (Choice B) B An increase in demand will cause an increase in supply (Choice C) C An increase in price will cause supply to increase (Choice D) D A decrease in price will cause supply to increase (Choice E) E A decrease in resource costs will cause an increase in the supply curve
The statement that accurately describes how an event will impact supply is option B An increase in demand will cause an increase in supply.
What happens when supply and demand both rise?If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will, however, depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are willing to supply each unit at a lower price.
Therefore, With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
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Deming management proposed ideas for making organizations more responsive, more democratic, and ______.
Deming management proposed ideas for making organizations more responsive, more democratic, and less wasteful.
All organizations aim towards optimizing their processes to achieve the best environment to discharge their duties. Deming management is one of such businesses that optimize their processes.
They made their organization responsive by setting up processes that will enable the organization to respond more quickly to business needs. They also made their organization more democratic by making it easier for their employees to approach their bosses with business needs.Learn more about the roles of Managements here:
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Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $25 to you. One of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $94 . How much total value was created from this trade? $
The total value created from this trade can be calculated by subtracting the value of the bicycle to you from the value of the bicycle to your friend and adding it to the value of the bicycle to you.
The value of the bicycle to you is $25 and the value of the bicycle to your friend is $94.
Therefore, the total value created from this trade is: $94 - $25 + $70 = $139
So, the total value created from this trade is $139.
The corporate charter of Andromeda Co. authorized the issuance of 21 million, $1 par common shares. During 2021, its first year of operations, Andromeda had the following transactions: January 1 sold 6 million shares at $26 per share June 3 purchased 13 million shares of treasury stock at $29 per share December 28 sold the 4 million shares of treasury stock at $31 per share What amount should Andromeda report as additional paid-in capital in its December 31, 2021, balance sheet
Answer:
$158 million
Explanation:
The computation of total additional paid in capital is shown below:-
Paid in capital in excess of par value-Common Stock = ($26 - 1) × 6 million
= 25 × 6 million
= $150 million
Paid in capital from sale of treasury Stock = ($31 - $29) × 4 million
= $8 million
Total additional paid in capital = Paid in capital in excess of par value-Common Stock + Paid in capital from sale of treasury Stock
= $150 million + $8 million
= $158 million
So, for computing the total additional paid in capital we simply applied the above formula.
Why does supply decrease when the price
of resources increases?
Answer:
see below
Explanation:
Resources are the ( inputs) materials used in the production of goods meant for sale. The cost of inputs has a direct impact on the price of the finished goods(output). An increase in the cost of inputs increases the cost of production. An increase in production cost increases without a corresponding rise in the selling price means that the profits margin per unit will decline.
Suppliers are motivated to sell or deliver more quantities in the market by profit prospects. An increase in the costs of inputs decreases profit margins. Reduced profits margin result in suppliers supplying reduced quantities in the markets.
This assignment consist of you selecting a topic from the book and finding two articles to support your thoughts and ideas surrounding that article/topicFor example, the book might talk about different management styles, to which you might find some articles that talk about how management styles have had to evolve post the pandemicThe paper is only two pages double spaced, and in no particular format other than citing correctly any referencesYou don't need a cover sheet, and should be double spaced. You can submit more than two pages but should stick pretty close to the minimum requiredRemember there should be an introduction, a body and then a summary/conclusion
BUSINESS CLASS!!
The Topic of my own choosing is: Evolution of Management Styles, a Post-Pandemic study.
What is the Management Styles?The COVID-19 pandemic has drastically impacted businesses, necessitating adaptations and adjustments for survival. Management styles have especially undergone significant transformation.
This paper so discusses the evolution of post-pandemic management styles and organizational responses to the global health crisis. It also explores traditional pre-pandemic management styles such as hierarchical and top-down approaches.
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Do you think ethics is become more or less important in business? Explain it. What is the difference between Ethical Relativism and Ethical absolutism. Explain it by your own words with example
hics has always been an important aspect of business, but in recent years, its significance has been further highlighted by a growing number of high-profile corporate scandals and increased public scrutiny of corporate behavior. As such, many businesses and organizations are placing a greater emphasis on ethical practices and decision-making.
One of the key reasons for this increased emphasis on ethics is the recognition that ethical behavior is not only the right thing to do, but it also has a positive impact on a company's bottom line. Ethical practices can lead to improved employee morale and productivity, increased customer loyalty, and a better reputation in the community. Additionally, businesses that prioritize ethics are less likely to face legal or financial penalties for unethical behavior.
On the other hand, ethical absolutism and ethical relativism are two theories that help to explain the perspective of ethics.
Ethical absolutism is the belief that there are certain moral rules that are universally and always right or wrong, regardless of the situation or the person's culture. For example, an ethical absolutist would say that it is always wrong to lie, cheat, or steal. This theory holds that there is an objective, universal standard of morality that applies to everyone.
On the other hand, Ethical relativism holds that morality is relative to the individual or the culture, and what is considered right or wrong can vary from person to person or culture to culture. The ethical relativist would argue that lying, cheating, or stealing could be morally acceptable in certain situations or cultures. For example, a relativist would say that something that is considered right in one culture may not be right in another culture.
In conclusion, businesses and organizations are increasingly recognizing the importance of ethics, both from a moral and a business perspective. Ethical absolutism and ethical relativism are theories that help to explain different perspectives on ethics, with the former holding that there are objective moral standards that apply to everyone and the latter believing that morality is relative to individual or culture.