Answer: True
Explanation:
Lean is simply defined as management practices that are used by companies or organizations in order to improve the effectiveness and the efficiency during production by eliminating waste.
It should be noted that in a lean system, the work in process and raw materials inventory accounts are combined.
If price elasticity of demand for a good is zero and if the price of the good increases, what will happen to the total revenue?
When demand is price inelastic, a given percentage change in price causes a lesser percentage change in quantity desired. That indicates that overall income will fluctuate in the direction of the price change.
What will happen if the price elasticity of demand for a good is zero?Since changes in price have no effect on demand for a good with an elasticity of 0, it is said to be perfectly inelastic. Since individuals require these things regardless of price, many everyday commodities and basic necessities have relatively low price elasticity of demand. An excellent illustration is gasoline.
What does the phrase "zero price elasticity of demand" mean?If the price elasticity of demand is zero, spending on the good does not change when its price changes.
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Explain major theories discussed in Microeconomics by Austan Goolsbee
The major theories discussed in Microeconomics by Austan Goolsbee are The law of demand, The principle of comparative advantage, and so on.
A well-known economist who has significantly advanced the study of macroeconomics is Austan Goolsbee.
A fundamental principle known as the law of demand states that there is an inverse relationship between a commodity's price and demand. This implies that as a good's price decreases, consumers will be eager to buy more of it.
According to the comparative advantage principle, in order to benefit, nations should specialize in producing the goods and services in which they have a comparative advantage.
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The table below shows Lanark's production possibilities.
A B C D E F
Wheat 0 180 315 405 450 468
Cars 190 181 163 127 73 0
a. If Lanark is producing 145 cars, it can produce approximately
wheat.
b. If Lanark is currently producing combination C, the cost of 90 more wheat is
(Click to select)
.
c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is
(Click to select)
. If necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10.
If Lanark is currently generating 145 buses, it can generate about 180 units of wheat. .
b. The cost of 90 further wheat is 90.
c. The approximate per unit cost of an fresh auto is 54.
To determine the approximate quantum of wheat Lanark can produce if it's presently producing 145 buses , we need to find the matching value in the" Wheat" column. Grounded on the given table, we can see that the values in the" buses" column drop from left to right. thus, we need to find the combination where the number of buses is closest to 145, which is combination B. In combination B, Lanark can produce roughly 180 units of wheat.
We can find the cost of 90 further wheat by comparing the wheat values between combinations C and D, If Lanark is presently producing combination C. The wheat value in combination C is 315, and the wheat value in combination D is 405.
The difference between these two values represents the fresh wheat produced when moving from combination C to combination D. In this case, the difference is 405- 315 = 90. thus, the cost of 90 further wheat is the difference between the wheat values in combination C and D, which is 90.
we can determine the approximate per unit cost of an fresh auto by comparing the auto values between combinations D and E, If Lanark is presently producing combination D. The auto value in combination D is 127, and the auto value in combination E is 73.
The difference between these two values represents the drop in auto product when moving from combination D to combination E. In this case, the difference is 127- 73 = 54.
thus, the approximate per unit cost of an fresh auto is the difference between the auto values in combination D and E, divided by the drop in auto product, which is 54/ 1 = 54.
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A survey was given to a random sample of 140 residents of a town to determine whether they support a new plan to raise taxes in order to increase education spending. Of those surveyed, 105 respondents said they were in favor of the plan Determine a 95% confidence interval for the proportion of people who favor the tax plan, rounding values to the nearest thousandth.
Answer:
95% confidence interval for the proportion of people who favor the tax plan is (71.35%, 78.65%)
Explanation:
According to the given data we have the following:
survey was given to a random sample of 140 residents, hence n=140
Of those surveyed, 105 respondents said they were in favor of the plan, therefore, P=75%
Therefore, to calculate a 95% confidence interval for the proportion of people who favor the tax plan we would have to make the following calculation:
95% confidence interval for the proportion of people who favor the tax plan=P±Z*√P(1-P)/n
=0.75±1.95√0.75(1-0.75)/140
=(0.75±0.0365)
=(0.7135,0.7865)
95% confidence interval for the proportion of people who favor the tax plan=(71.35%, 78.65%)
Shannon signs a contract with Tevin, an unlicensed contractor, to build a deck and gazebo at the rear of her house. This contract is enforceable by......a. Shannon.b. any third party who is not aware that Tevin is not licensed.c. Tevin.d. no one.
The correct to the given question about Shannon's contract with unlicensed contractor to build a deck and gazebo is option d) No One.
A person who makes repairs or modifications to a home without having the professional license, business license, or insurance coverage needed by law to carry out this work in the state in which they operate is known as an unlicensed contractor.
A gazebo is a pavilion building that is frequently erected in a park, garden, or other large public area. It might occasionally be octagonal or turret-shaped. On occasion, some are used as bandstands. According to Oxford Dictionaries, the derivation dates back to the middle of the eighteenth century and is "perhaps jokingly from glance, in imitation of Latin future tenses ending in -ebo: compare with lavabo." A reference to the Casbah, an area of Algiers that is predominantly Muslim, was made by L. L. Bacon. In a poem by Cordoban poet Ibn Quzman, W. Sayers proposed the Hispano-Arabic qushaybah.
The English architects John and William Halfpenny's book Rural Architecture in the Chinese Taste, published in the middle of the 18th century, contains the word "gazebo." A Chinese Tower or Gazebo, Situated on a Rock, as Shown in Plate 55, "Elevation of a Chinese Gazebo,"
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In his remarks how did Jerom Powell describe the state of the U.S.
economy? Are we doing well? What problems are we experiencing from an aggregate
macroeconomic perspective? What solutions are being offered to address these issues?
Jerome Hayden "Jay" Powell is an American attorney and investment banker who has served as the 16th chair of the Federal Reserve since 2018.
What was the meaning of Jay Powell?As of 2018, the 16th chair of the Federal Reserve was an American attorney and investment banker Jerome Hayden "Jay" Powell.
On February 5, 2018, Jerome H. Powell began his four-year term as the Chair of the Board of the Federal banking System. On May 23, 2022, he was reappointed to the position and given a second four-year term.
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mavis is a customer service manager. suppose one of the business objectives at mavis's firm is to improve customer service by offering a consistently high level of service that exceeds customers' expectations. which of the following statements about this situation is false?
Mavis should initiate a project to reduce costs by eliminating all but essential customer services is false.
What are customer services?Customer service is the help you give your clients so they may have a simple, joyful interaction with your brand both before and after they purchase and utilize your goods or services. However, providing good customer service goes beyond resolving issues and closing tickets.
The main responsibility of a customer service representative is to communicate with clients in order to address their issues, respond to their inquiries, and meet their demands. Frequently, a customer support professional will respond to emails and phone calls from consumers, addressing their queries and issues. Customers are more loyal and employees' duties are made easier when they receive good customer service. This in turn fosters corporate expansion.
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Which of the following statements is false?
A) Keynesians would not advocate an expansionary monetary policy to eliminate a recessionary gap if they believed that investment demand was interest-insensitive.
B) Keynesians would not advocate an expansionary monetary policy to eliminate a recessionary gap if they believed the money market was in the liquidity trap.
C) Keynesians would advocate an expansionary monetary policy to eliminate a recessionary gap if they believed investment spending was insensitive to changes in the interest rate.
D) Keynesians believe that money wages are inflexible in the downward direction.
Answer:
C) Keynesians would advocate an expansionary monetary policy to eliminate a recessionary gap if they believed investment spending was insensitive to changes in the interest rate.
Explanation:
Keynesians advocated for an expansionary monetary policy in order to remove the recession gap in the case when the trust that the investment spending should not be sensitive at the time when the interest rate varies
but this should be totally wrong as first fall it should not be advocated and also the wages should not be flexible
Therefore the option c is to be considered
HURRRYYYY PLEASE HELP ME ASAP!!!!
1, Select a company with an international presence that you are familiar with or that you learn about by searching the internet
2.Identify the laws, treaties, acts, and governing bodies (e.g. U.N., WTO, and IMF) that impact their business.
3.Explain the impact these laws, treaties, acts, and governing bodies have on their business.
4.Differentiate the impact of those various laws etc. on their business abroad from the impact of similar things on their business in the United States.
Please provide citation and reference to sources. Quoted language must be put inside quotation marks
The WTO has a major impact on Toyota in a similar manner.The WTO's primary responsibility is to negotiate trade regulations among its members. As a result, the WTO regulations have a big impact on the Toyota industry.
The company is permitted to import and export the medicine in accordance with WTO regulations. The WTO may have both beneficial and bad effects on enterprises.
Toyota was able to enhance product exports with the help of the WTO. As the WTO upholds the organization's viewpoint to comply with WTO regulations and rules, the company's sales rate has increased.
However, the WTO also has a detrimental effect on Toyota's operations. Due to the substantial influence of its quantity of exports, the World Trade Organisation has continually raised the tariff ceiling. Therefore, it is conceivable to assert that the WTO has an impact on the Toyota company both advantageously and badly.
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Store
D
5
4
E
2
1
1
2 3 4
5 6
7
8
9
10
11
12x
-1
Apartment Buildings
If the company constructs 9 apartment buildings, the number of stores will be 34
If the company is producing at point C, the opportunity cost of building 3 more stores will be
5.11 apartment buildings.
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The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?
The concerns that have about the constitutionality of this ordinance are Freedom of Religion, Content-Based Restrictions, Prior Restraint, Equal Protection and Unfettered Discretion.
Here are a few major concerns:
Religious Freedom: The First Amendment to the United States Constitution provides religious freedom, which includes the right to practise and express one's religious views. Content-Based limitation: By treating religious materials differently from other types of materials, the ordinance appears to impose a content-based limitation on communication. Prior constraint: Requiring religious organisations to seek a licence before disseminating religious materials is a type of prior constraint on speech. Equal Protection: If the ordinance treats religious groups differently than other groups or items, it may raise questions regarding legal equality. Unrestricted Discretion: If local officials have unrestricted discretion in choosing who gets a permit, there is a possibility of viewpoint discrimination or bias.For such more question on Restrictions:
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Whats the difference between a debit card and a credit card ? ( PLEASE GIVE LARGE EXPLANATION )
Answer:
The main difference between a debit card and a credit card is that a debit card withdrawals money from your current account balance while a credit card allows you to borrow money that is to be paid back in the future. Immediate vs. Future Payment
Explanation:
3. Which of the following is NOT something you need to find out about in career planning?
a. the age of workers in an occupation
b. wages paid
c. education and training required
d. duties performed
Answer:
D
Explanation:
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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A customer calls in to inquire about your product. They're curious if it's really the right product for their business and they ask if you offer any products that cater to small businesses. What would you do?
1. "I can definitely assist you with finding the best product your business needs. To start, why don’t you tell me about a bit about your business."
2. "We absolutely can help you out! Did you happen to review our website for the packages we offer or maybe you already have a package in mind?"
3. “I'd suggest you try reviewing our packages on our website first. Then we can offer more assistance once you have a better understanding of what you think you need."
Answer:
I would use suggestions 3 so that the customer has a better understanding of the products
There would be the suggestion as related to product “I'd suggest you try reviewing our packages on our website first. Then we can offer more assistance once you have a better understanding of what you think you need.” Thus, the option (c) is correct.
What is product?
The term “product” refers to the item or object can be sold. The product always tangible. The product are manufactured with the help of machines. The product is based on durable and non-durable product. The product is delivered with multiple channels are one level, two level and three level depend on product.
A costumer is call to injury about product features, price, and quality and different question asked. The costumer is very curious about on related to the product and business.
The product company helper to assist the costumer to go to her business website and search the product details and features than choose the product. Then ask any doubt its better understand to costumer.
Therefore, option (c) is correct.
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DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?
Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.
What are the Functions of Preliminary Data Gathering?Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.
This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.
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Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020Accounts receivable (net) $22 $33 Net sales $132 $117 Cost of goods sold $77 $72 Net income $22 $34 Inventory turnover 6.05 Return on assets 12.3 % Equity multiplier 2.53 Dowling's return on equity for 2021 is: (Round your answer to 1 decimal places.)Multiple Choicea) 7.7%.b) 16.7%.c) 31.1%.d) 24.1%.
Answer:
The answer is "12.7"
Explanation:
In the question the correct choice is missing so, its correct solution can be defined as follows:
Following are the formula for calculating the "Average Inventory":
Formula:
\(\therefore \text{Inventory Turnover} = \frac{ \text{Cost of Goods Sold}} { \text{Average Inventory}}\\\\\\\because \text{Average Inventory} = \frac{ \text{Cost of Goods Sold}} {\text{Inventory Turnover}}\)
\(=\frac{\$ \ 77}{ 6.05}\\\\=12.7\\\)
Your company is building a new office site in a different state. You want to show your board members the progress of construction.
What should you use to illustrate the data?
a) Photographs
b) A flowchart
c) An organizational chart
Which of these statements is TRUE of complementary products?
A) An increase in demand for one will cause a decreased demand for the other.
B) An increase in the price of one will cause a decrease in the price of the other.
C) An increased supply of one product will result in a decreased supply of the other.
D) An increase in the demand for one will usually result in an increased demand for the other.
Answer:
D) An increase in the demand for one will usually result in an increased demand for the other.
Explanation:
Complementary goods are products used together. They are sold separately but add value to one another. Complementary goods will usually be a set of two or more goods that gives the consumer a higher utility when used together. Examples include Petrol and car, Tennis balls and tennis rackets, and DVD player and DVD disks to play in it.
Complementary goods experience joint demand. Should the demand for one complimentary goods increase, demand for the other product or service increases automatically.
explain the changing nature of public administration
The nature of public administration has undergone significant changes over the years. Traditional public administration was characterized by hierarchical structures.
However, with the increasing complexity of modern society, new challenges have emerged that require a more flexible and responsive approach to public administration.
One of the key changes in public administration has been the shift towards more participatory and collaborative approaches. This has been driven by a growing recognition of the importance of engaging citizens and stakeholders in decision-making processes, and the need to build trust and legitimacy in government institutions.
Another important change has been the adoption of technology in public administration. From e-government initiatives to data-driven decision-making, technology has transformed the way that government organizations operate and interact with citizens.
At the same time, there has been a growing emphasis on performance management and accountability in public administration. This has involved the development of performance metrics, the use of benchmarking and evaluation, and a focus on outcomes rather than inputs.
Overall, the changing nature of public administration reflects the broader shifts in society towards greater complexity, interdependence, and accountability. While there are still many challenges to be addressed, the evolution of public administration offers hope for more effective and responsive governance in the years to come.
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On August 1, Super Flooring Company paid $3,000 rent in advance for a three-month period. The $3,000 was debited to the Prepaid Rent account. The necessary adjustment at August 31 would include a (debit/credit) ______ to the prepaid rent account in the amount of _____ (omit $/cents).
The Prepaid Rental account was debited by $3,000 in this case. A (debit/credit) credit of $1,000 would be applied to the rent that was paid in advance as part of the appropriate adjustment on August 31.
Prepaid rent—is that a capital asset?Rent that has been paid in advance is debited from the account and is credited with cash in the initial journal entry. The balance sheet of a corporation is not affected by either of these asset accounts because they are both assets. Considered as asset because they will assist the organization in the future financially, prepaid expenses are a good idea to keep in mind.
How does prepaid rent appear in the journal?Any payment that prepays an expense results in a debit to a prepaid account, such as Prepaid Insurance. The prepayment is subsequently added as an asset to the cash account, which is then credited, according to the balance sheets of the business.
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"unemployed person." Your definition should answer such questions as: Are students on summer vacation unemployed? Are college professors who do not teach summer school unemployed? At what age are people considered to be eligible for the workforce? Are people who are out of work but not actively seeking a job unemployed?
Unemployed people are those who don't have a job but are looking for one and are willing to work. Both working and jobless people are part of the labor force.
Are students on summer vacation unemployed?
Individuals who are neither employed or looking for work are not part of the labor force. Your base period non-school earnings are sufficient to support a legitimate claim. When determining whether you have accrued sufficient income to support an Unemployment Insurance (UI) claim, we use a specified 12-month period known as a base period.
You can work for a school employer who has said they may contact you to work during break time. When the break is over, you don't have a good guarantee that you'll be able to go back to work. Your job may be affected by program changes, financing, or enrollment.
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The four career pathways in Finance are
Banking and Related Services, Insurance Services, Retail Sales, and Business Financial Management.
Securities Law, Insurance Services, Financial and Investment Planning, and Business Financial Management.
Banking and Related Services, Retail Sales, Securities Law, and Business Financial Management.
Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management.
Answer:
Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management.
Answer: A.
Explanation:
suggest Stragegies that business can use to remain profitable and sustainable
Answer:
Focus on which type if products people are buying the most
Do whatever people ask for
remain pure
heres a freebe to get more points. whats ur fav disney movie and whos ur fav disney princess. why?
Answer:
fav Disney movie: coco fav Disney princess: Tiana
Explanation:
i dont know why I just like them and they dont have a lot of black princesses so yeah
Answer:
belle and beauty and the beast
Explanation:
because shes not judgmental and can be her own person
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and then $300,000 a year for 3 years. Which is the better deal? Assume that the interest rate is 10%. Please show your work. (4 point)
Answer:
A. Take $1 million now.
Explanation:
A. If we take $1 million now the present value of the money is $1 million.
B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;
$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728
$300,000 + $250,000 + $208,000+ $173,611 = $931,944
The present value of option B is less than present value of option A. We should select option A and take $1 million now.
ways in which shoprite can contribute time and effort to improving the well being of employees
Answer:
Creating high supervision on workers routine.
Explanation:
i need help correct answer gets brainlyist
How has the internet affected the tourism industry?
It has increased traveler knowledge and made booking travel easier and more affordable.
It has led to challenges for travelers who book their own travel without knowing local areas.
It has made travel more complicated, requiring more travel agents to support customers.
It has reduced the safety and security of traveler identities, making people afraid to travel.
The effect of the internet on the tourism industry as It has increased traveler knowledge and made booking travel easier and more affordable. Option A
This is further explained below.
What is the tourism industry?Generally, The tourism sector may be defined in its most general sense as the sum of all firms that directly supply products or services to assist business, pleasure, or leisure activities in an environment that is different from that of the typical home.
In conclusion, The impact of the internet on the tourist sector may be summarized as follows: the internet has improved traveler information, simplified the booking process, and lowered prices. Alternative
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Question 5725
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BOOKMARK
5
Michael Arthur deposited $2,500 in a new regular savings account that earns 5% Interest compounded semiannually. He made no other deposits or withdrawals.
a) What was the amount in the account at the end of 1 year?
b) What is the compound Interest?
Answer:
The amount in the account at the end of 1 year will be $ 2,626.56, and the interest generated will be $ 126.56.
Explanation:
Given that Michael Arthur deposited $ 2,500 in a new regular savings account that earns 5% interest compounded semiannually, and has made no other deposits or withdrawals, to determine what was the amount in the account at the end of 1 year and what is the compound interest the following calculations must be performed:
2,500 x (1 + 0.05 / 2) ^ 1x2 = X
2,500 x 1,025 ^ 2 = X
2,500 x 1.050625 = X
2,626.56 = X
2626.56 - 2500 = 126.56
Therefore, the amount in the account at the end of 1 year will be $ 2,626.56, and the interest generated will be $ 126.56.