a. what is the total cost for the survivors receiving treatment a? b. what is the total cost for survivors receiving treatment b? c. what is the expected cost for those patients receiving treatment a? d. treatment b? e. calculate the incremental cost and incremental benefit of the treatment alternatives. f. what is the icer? g. how does cost-benefit analysis differ from cost-effectiveness analysis?

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Answer 1

(a) The total cost for survivors and non-survivors receiving Treatment A is $34,000 and $10,000 respectively. The expected total cost is $33,520.

(a) The total cost for survivors and non-survivors receiving Treatment B is $8,500 and $3,000 respectively. The expected total cost is $8,225.

(c) The expected benefit for Treatment A and Treatment B is 19.6 years and 9.5 years respectively.

(d) The ICER is $2,506.93 per year.

(e) Cost-benefit analysis measures the costs and the outcomes of interventions in monetary terms while cost-effectiveness analysis measures the costs in monetary terms but the outcomes in non-monetary units.

(a) The total cost for survivors and non-survivors receiving Treatment A is as follows:

Total cost for survivors:

$10,000 (initial) + $5,000 (year 1) + $1,000 x 19 (subsequent years) = $10,000 + $5,000 + $19,000 = $34,000

Total cost for non-survivors:

$10,000 (initial)

Expected total cost:

(98% x $34,000) + (2% x $10,000) = $33,320 + $200 = $33,520

(b) The total cost for survivors and non-survivors receiving Treatment B is as follows:

Total cost for survivors:

$3,000 (initial) + $1,000 (year 1) + $500 x 9 (subsequent years) = $3,000 + $1,000 + $4,500 = $8,500

Total cost for non-survivors:

$3,000 (initial)

Expected total cost:

(95% x $8,500) + (5% x $3,000) = $8,075 + $150 = $8,225

(c) The expected benefit for Treatment A and Treatment B is as follows:

Expected benefit for Treatment A: (98% x 20 years) = 19.6 years

Expected benefit for Treatment B: (95% x 10 years) = 9.5 years

(d) The ICER is calculated as follows:

ICER = (Expected cost of Treatment A - Expected cost of Treatment B) / (Expected benefit of Treatment A - Expected benefit of Treatment B)

= ($33,520 - $8,225) / (19.6 years - 9.5 years)

= $25,295 / 10.1 years

= $2,506.93 per year

(e) Difference between cost-benefit analysis (CBA) and cost-effectiveness analysis (CEA) is as follows:

Cost-benefit analysis (CBA) differs from cost-effectiveness analysis (CEA) in that CBA measures both the costs and the outcomes of interventions in monetary terms, whereas CEA measures the costs in monetary terms but measures the outcomes in non-monetary units, such as years of life gained or disability-adjusted life years.

Note: The question is incomplete. The complete question probably is: The following information has been gathered on the costs and effectiveness of two treatments.

                    Treatment A Treatment B

Mortality rate 2% 5%

Life expectancy for survivors 20 years 10 years

Initial treatment cost $10,000 $3,000

Follow-up costs, year 1 $5,000 $1,000

Annual follow-up cost, subsequent years $1,000 $500

(a) What is the total cost for survivors receiving treatment A? For non-survivors? What is the expected total cost of treatment A? (b) What is the total cost for survivors receiving treatment B? For non-survivors? What is the expected total cost of treatment B? (c) What is the expected benefit for treatment A? For treatment B? (d) Calculate the ICER. (e). how does cost-benefit analysis differ from cost-effectiveness analysis?

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Related Questions

recently, agile project management has been discussed and utilized. a.rarely; over b.widely; increasingly c.widely; decreasingly d.rarely; under

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Recently, agile project management has been discussed and utilized Widely; Increasingly. Option b is the correct option.

Agile project management is an approach to project management that focuses on delivering value through rapid, iterative cycles. It emphasizes collaboration, flexibility, and continuous improvement. By using an iterative approach to project management, agile teams are able to deliver projects more quickly and with greater accuracy.

Agile project management has been gaining in popularity in recent years; organizations are recognizing the value of shorter, more focused project cycles and embracing the agile methodology to deliver business value. Agile project management can help organizations become more agile, flexible, and responsive to customer demands, while delivering projects more quickly and efficiently.

Agile project management can also help reduce project risk by allowing for rapid feedback loops and iterative development. Additionally, agile project management can help teams build better relationships by encouraging collaboration and communication. By utilizing agile project management, organizations are able to deliver projects faster and more accurately, while also gaining greater visibility into the project’s progress and success.

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The complete question is:

recently, agile project management has been discussed and utilized:

a.rarely; over

b.widely; increasingly

c.widely; decreasingly

d.rarely; under

proaction, in the corporate social responsibility area, means aggressively taking the initiative. true false

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True, Proaction in the corporate social responsibility area means taking an aggressive and proactive approach to social and environmental issues.

Proaction in addressing social and environmental challenges is a key component of corporate social responsibility (CSR). This indicates that businesses are actively looking for methods to improve society rather than merely reacting to problems as they develop.

Instead of just complying with the bare minimum of regulatory obligations or responding to bad press, proactive businesses actively try to better society and accept responsibility for their impact on it.

This can entail actions like lowering carbon emissions, improving supply chain transparency and ethical conduct, and encouraging diversity and inclusion within the organization.

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managing volunteers is not like managing professional first responders because: a. volunteers have varying motivations and may have time limitations. b. volunteers have to bring their own equipment. c. volunteers do not belong to unions. d. volunteers do not require supervision.

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Managing volunteers is not like managing professional first responders because (a.) Volunteers have varying motivations and may have time limitations is correct option.

Managing volunteers is not like managing professional first responders because volunteers often have varying motivations and may have time limitations. Unlike professional first responders who are trained, equipped, and paid to respond to emergencies, volunteers typically have other commitments such as work, school, or family responsibilities. As a result, their availability and willingness to participate in emergency response activities can be unpredictable.

In addition, volunteers often bring their own equipment, but this does not mean that they do not need supervision. Volunteers still require direction, guidance, and support to ensure that they are fulfilling their roles effectively and safely. While they may not belong to unions, volunteers are still entitled to proper training, protection, and compensation (if applicable) for their services.

Overall, managing volunteers requires a different approach than managing professional first responders due to the unique challenges and considerations that come with working with a diverse group of individuals who are contributing their time and skills voluntarily.

Therefore, the correct option is (A).

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amazon is an example of a company that used the differentiation strategy to enter the market. the differentiation features included multiple choice minimal customer service. traditional back office logistics. traditional delivery logistics. using a one-click online ordering system to make ordering simpler.

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Amazon is an example of a company that used the differentiation strategy to enter the market.

What are the differentiation features that Amazon used to enter the market?

Amazon's differentiation features included:

1. Using a one-click online ordering system to make ordering simpler.

2. Providing minimal customer service.

3. Traditional back-office logistics.

4. Traditional delivery logistics.

What is the best approach to entering a new market using differentiation strategy?

The best approach to entering a new market using differentiation strategy is to create a unique or different product, service, or offering that is more valuable than similar offerings in the market.

The differentiation features must provide unique features and benefits to customers that are not provided by other market players. Additionally, it is essential to create an effective marketing and promotion plan that will help attract customers and build brand awareness.

Lastly, it is crucial to create a sustainable business model that will enable the business to continue providing unique value to customers and staying ahead of competitors.

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the lowest rate of unemployment compatible with price stability, variously estimated at between 4 and 6%, is . multiple select question. natural rate of unemployment gdp employment inflation-adjusted unemployment full employment

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The lowest rate of unemployment compatible with price stability, variously estimated at between 4 and 6%, is natural rate of unemployment. The answer is OPTION A

The lowest jobless rate that accomplishes this is known as the "non-accelerating inflation rate of unemployment," or NAIRU. The NAIRU idea, its significance, and the variables affecting its level are all explained in this Explainer.

Disguised unemployment is the kind of unemployment that occurs in India's agricultural industry when there are more workers than needed. High unemployment was typically correlated with deflation or reduced inflation, while low unemployment was typically correlated with higher inflation. It makes reason logically that these two things are connected. The answer is OPTION A

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true or false: the value of a management team or of the morale of the workforce is not included as a balance sheet asset because it cannot be objectively measured.

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True. The value of a management team or of the morale of the workforce is not included as a balance sheet asset because it cannot be objectively measured.

What is a balance sheet?

A balance sheet is a financial statement that reports a company's assets, liabilities, and equity at a specific point in time. These three components are divided into distinct sections on the balance sheet to provide investors with an overview of the company's financial position. Assets are listed first, followed by liabilities and equity on the right-hand side.

The value of a management team or of the morale of the workforce is not included as a balance sheet asset because it cannot be objectively measured. Assets are resources that a company owns or has access to that are expected to produce future economic benefits.

The value of a management team or of the morale of the workforce does not fall into this category because it cannot be objectively measured. Therefore, it cannot be listed as an asset on the balance sheet.

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in june year 1, a taxpayer received a gift of 100 shares of stock. the donor had purchased the stock 20 years ago for $4,000. the market value on the date of the gift was $3,000 and the donor paid no gift tax. the taxpayer sold the stock in july of year 1 for $4,500. what is the amount and character of the taxpayer's gain or loss upon the sale of the stock?

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The amount and character of the taxpayer's gain on the sale of the stock  is $1,500, which is a long-term capital gain.

In June of Year 1, a taxpayer was gifted with 100 shares of stock. The market value of the shares on the gift date was $3,000, and the donor paid no gift tax on the shares. The donor bought the shares 20 years ago for $4,000. The taxpayer sold the stock in July of Year 1 for $4,500. The amount and character of the taxpayer's gain or loss upon the sale of the stock are discussed below:Gain or loss of the taxpayer.

The taxpayer has realized a $1,500 gain on the stock sale.Character of the gain or loss: Since the holding duration of the gifted stock was more than a year, the gain realized by the taxpayer will be long-term.Capital gain or loss: The taxpayer's gain will be classified as a long-term capital gain, which will be taxed at a lower rate than a short-term capital gain because the holding period was greater than one year.The amount and character of the taxpayer's gain on the sale of the stock is $1,500, which is a long-term capital gain.

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all of the following are steps included in the accounting cycle except: a. forecasting of expenses and revenues. b. posting journal information into ledgers. c. preparing a trial balance. d. recording information into journals.

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Forecasting of expenses and revenues is not included in the accounting cycle. The correct option is A.

The accounting cycle is a series of procedures used by a business entity to record its transactions. The cycle starts with the opening of books and concludes with the closing of the books for the accounting period in which it occurs. The accounting cycle comprises a number of actions that businesses must complete on a regular basis to keep their financial information up to date and accurate.

These actions provide insight into a company's financial transactions and ensure that a company's financial information is consistent and accurate, which is essential for making sound business decisions. The following are the steps included in the accounting cycle:

Analyze and record transactions in a journalPost to the ledgerPrepare a trial balanceAdjust entriesPrepare financial statementsClose the books

Forecasting of expenses and revenues is not a step in the accounting cycle. It's a process that businesses undertake before the accounting cycle begins. The aim of forecasting is to assist a company in developing an estimate of its future revenue and expenses.

Option A is the correct answer.

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what does the federal sentencing guidelines for organizations (fsgo) focus on? a. penalties for companies convicted of restraint of trade charges b. improving the quality of life for employees and communities c. schemes by top management to hide losses and other performance problems d. encouraging ethical and legal compliance by reducing penalties for firms with effective compliance programs

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The federal sentencing guidelines for organizations (FSGO) focus on encouraging ethical and legal compliance by reducing penalties for firms with effective compliance programs. The correct option is d.

What is the Federal Sentencing Guidelines for Organizations (FSGO)?

The Federal Sentencing Guidelines for Organizations (FSGO) is a set of regulations that dictate the sentences that must be given to organizations found guilty of federal crimes.

These guidelines, which are intended to assist judges in determining fair and proportional penalties, are considered essential to the United States criminal justice system's uniformity, transparency, and predictability.

What is the objective of the Federal Sentencing Guidelines for Organizations (FSGO)?

The FSGO's primary goal is to encourage ethical and legal compliance in organizations. The FSGO's penalty-reduction system is based on this concept. If organizations can establish that they have taken steps to reduce the likelihood of criminal conduct, the judge will reduce the penalty.

The Guidelines were amended in 2010 to include several sections devoted to "effective compliance and ethics programs," which provide suggestions for creating and maintaining compliance and ethics programs that will qualify organizations for the penalty reductions provided by the Guidelines.

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you have accepted a new listing for a vacation property that is two miles away from a scenic lake. what is the best way to advertise this property?

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Highlighting the property's proximity to the lake and highlighting the advantages of staying in a tranquil, natural location are the greatest ways to market the vacation rental that is two miles from a picturesque lake.

High-quality images of the lake and its surroundings, as well as explanations of the many different recreational options, like swimming, fishing, and hiking, might be included in advertisements.

The listing should also draw attention to any distinctive qualities of the vacation home itself, such as a sizable deck with a view of the lake or a warm fireplace for winter nights. To give potential guests a flavor of the neighborhood, it would also be beneficial to include information about neighboring amenities like restaurants and shops.

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you want to invest in a computer/internet company. which type of investment would you most likely choose?

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The stocks of a computer or internet company would probably be my first choice if I were wanting to invest.

By doing this, I would be able to buy stock in the company and maybe profit from my investment through dividends and capital gains.

Consequently, before making any investment selections, I would do my homework on the company's financial situation, management staff, development potential, and market environment. Also, spreading out my investing portfolio across many businesses and sectors could assist reduce risks.

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discuss the pros and cons of each financial tool compared to each other: npv, irr, payback, and profitability index.

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NPV accounts for time value of money, but can be sensitive to input assumptions. IRR is easy to understand, produce multiple solutions but doesn't account for scale of investment. Payback is easy to use, but doesn't account for time value of money. Profitability index accounts for money scale of investment, but can be sensitive to input assumptions.

Net Present Value (NPV) is a powerful tool for accounting for the time value of money, but can be sensitive to input assumptions. Internal Rate of Return (IRR) is easy to understand and produces multiple solutions, but it does not account for the scale of the investment.

Payback period is easy to use but also doesn't account for the time value of money. The Profitability Index, while accounting for the scale of the investment, can also be sensitive to input assumptions. When deciding which tool to use, it's important to understand the limitations of each so you can make an informed decision.

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what has been the main cause in the last half-century for the significant increase of international trade?

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The main cause for the significant increase in international trade in the last half-century has been globalization.

Globalization refers to the increasing interconnectedness and interdependence of countries and economies around the world, driven by advances in technology, transportation, and communication. Globalization has led to increased competition and has provided firms with access to larger markets and a broader range of resources. This has resulted in greater efficiency and productivity, which has in turn led to increased economic growth and higher living standards for many people around the world.

In addition, the liberalization of trade policies and the formation of international trade agreements such as the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO), have also played a significant role in facilitating international trade.

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the wheel of retailing predicts that new forms of retail outlets will usually enter the market as .

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The wheel of retailing predicts that new forms of retail outlets will usually enter the market as low-price, low-margin stores.

The wheel of retailing is a theory that explains how retail institutions change over time as they mature. The theory proposes that retailers tend to move through a predictable series of stages as they develop, beginning as low-price, low-margin stores and eventually evolving into high-price, high-margin stores as they become more established and profitable.

The wheel of retailing suggests that new retail formats will enter the market as low-price, low-margin stores, and will gradually develop into more sophisticated and specialized formats as they mature. This process is driven by competition, innovation, and changing consumer preferences.

As new formats emerge, they will often disrupt the existing retail landscape and force established retailers to adapt or risk losing market share.

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synovec corporation is growing quickly. dividends are expected to grow at a rate of 32 percent for the next three years, with the growth rate falling off to a constant 6.2 percent, thereafter. if the required return is 14 percent and the company just paid a dividend of $2.85, what is the current share price? note: do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

Answers

The current share price of Synovec Corporation is $66.83. To calculate the current share price, we need to use the dividend discount model:

Current Share Price = D1 / (r - g)

Where:

D1 = Expected dividend one year from now

r = Required return

g = Growth rate of dividends

First, let's calculate the expected dividend one year from now (D1):

D1 = D0 x (1 + g)

D1 = $2.85 x (1 + 0.32)

D1 = $3.7572

Next, we can substitute the given values into the formula:

Current Share Price = $3.7572 / (0.14 - 0.062)

Current Share Price = $66.834

Therefore, the current share price of Synovec Corporation is $66.83.

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teresa says that the decision to start plant fantasies was exciting. the decision to stay in business was a.even more exciting. b.exhilarating. c.intuitive. d.excruciating.

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Teresa found the decision to start Plant Fantasies exciting. However, the decision to stay in business was even more thrilling, but it's unclear whether it was exhilarating, intuitive, or excruciating. Thus option A is correct.

Teresa describes beginning Plant Fantasies as an exciting choice. However, it appears that the choice to remain in the company was even more difficult. While she did not clarify whether the experience was exhilarating or intuitive, it is obvious that it was important.

Perhaps there were obstacles or chances that complicated or emotionally charged the choice. It's also conceivable that she merely enjoyed the ongoing journey of operating a company. Teresa's statement, however, indicates that remaining in business was a significant choice for her.

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Which word best describes the process of orientation, training and development and performance evaluation.

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The correct answer is option D) Talent management is a process that involves recruiting, onboarding, orientation, training, development, and performance evaluation of an organization's employees.

It is a holistic strategy for managing human capital that covers the entire gamut of initiatives to draw in, keep, and develop top-tier workers.

The objective of talent management is to create a workforce with the knowledge and abilities necessary to support the firm in achieving its strategic goals.

Organizations can use talent management to spot high-performing workers with leadership potential as well as those who might be having trouble and require more help and direction.

By concentrating on staff development and career planning, it can also assist firms boost employee retention and engagement.

Complete Question:

Which of the following processes best describes orientation, training, development, and performance evaluation?

A) Recruiting

B) Onboarding

C) Career planning

D) Talent management

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why does the fixed-period model have to cover the time period of t l, while the fixed-order quantity model must cover only the time period l

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The fixed-period model and fixed-order quantity model are both inventory management techniques used to determine when and how much to order.

The main difference between these two models is  time frame they cover. The fixed-period model requires orders to be placed at fixed time intervals, typically covering  entire period of demand from t to l. This is because amount of inventory needed to cover this period can vary, and the fixed-period model allows for adjustments to be made accordingly. On the other hand, the fixed-order quantity model orders a fixed amount of inventory each time an order is placed, covering only the time period l. This is because the quantity ordered remains constant, and only the frequency of ordering varies.

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our organization recently adopted a new website design interface. some of our employees are having difficulty navigating the new system but are fully capable and willing to learn. this is an example of .

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Our organization recently adopted a new website design interface. some of our employees are having difficulty navigating the new system but are fully capable and willing to learn, this is an example of the learning curve that comes with adopting new technology.

Employees who are used to the old system may struggle initially with the new interface, but with time and training, they can become proficient in using it.

It is important for the organization to provide resources and support to help employees adapt to the new system. This may include training sessions, user manuals, or online resources that employees can access to learn how to use the new interface.

Ultimately, the goal is to ensure that all employees can use the new system effectively and efficiently.

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xyz corporation issues bonds with a $100 face value that make coupon payments of $5 every 3 months. what is the coupon rate?

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Bonds having a $100 face value that make $5 coupon payments every three months are issued by XYZ corporation. The coupon rate is 20%.

The rate of interest that debt securities pay on the bond's face value is known as the dividend yield. It speaks of the ongoing interest rate that buyers of bonds are charged by bond issuers. The bond's face value (also known as par value) is utilized to calculate the coupon rate, not the issue price or market value. The interest rate a bond pays in relation to its par value, or face value, is known as the coupon rate. This will remain constant for the duration of a fixed-rate bond's maturity. The coupon rate is the set annual rate that a guaranteed-income instrument, frequently a bond, pays its holder or owner.

In this case, the annual coupon payment is $5 * 4= $20 (Since there are 4 coupon payment in a year)

So, the coupon rate is:

Coupon rate = (Annual coupon payment [tex]/[/tex] Face value) [tex]*[/tex] 100%

Coupon rate = ($20/ $100) * 100%

Coupon rate = 20%

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hough, a member, is seeking to purchase the accounting practice of inaba. what is an appropriate step that inaba should take to reduce the threat to confidential client information to an acceptable level?

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An appropriate step that Inaba should take to reduce the threat to confidential client information to an acceptable level is to have Hough sign a confidentiality agreement.

About confidentiality agreement

The agreement should prohibit the transfer or disclosure of confidential information to third parties, including competitors.

The agreement should also include the terms under which Hough may use confidential information and the consequences of a breach of the agreement.In addition to signing a confidentiality agreement, Inaba should limit Hough's access to confidential information.

Only the information required for the negotiation process should be provided. This reduces the risk of accidental disclosure or abuse of information.

Any documents that contain confidential information should be securely stored, and access should be restricted to authorized personnel. By taking these measures, Inaba can reduce the risk of a data breach and ensure that confidential information is protected.

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work center data used to specify how an operation or sub-operation is scheduled, how costs will be calculated and how operations are confirmed once completed at work center are known as

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Routing data describes how an operation or sub-operation will be scheduled, how expenses will be determined, and how operations will be confirmed once they have been performed at a work center.

Routing data reveals details about the order of processes or actions necessary to produce a good or deliver a service. It contains information on the work center where each operation will be carried out, how long it will take to complete each activity, and what resources are required.

In order to ensure that products are produced successfully and efficiently, routing data is a crucial component of manufacturing and production planning. It also offers a foundation for figuring out the total cost of production, as well as the costs associated with each process.

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is each of the following policies an example of expansionary or contractionary fiscal policy? explain your answers in terms of the effect on aggregate demand. a. the government slashes funding for the environmental protection agency, without changing any other spending. this is (click to select) fiscal policy that will shift aggregate demand to the (click to select) . b. the government raises taxes on households making more than $250,000. this is (click to select) fiscal policy that will shift aggregate demand to the (click to select) . c. the government decides to fill gaps in medicare by making it available to more people. this is (click to select) fiscal policy that will shift aggregate demand to the (click to select) .

Answers

Expansionary fiscal policy is used to stimulate the economy by increasing government spending, lowering taxes, or both, leading to an increase in aggregate demand.

a. The government slashing funding for the Environmental Protection Agency without changing any other spending is an example of contractionary fiscal policy. The reduction in spending will decrease government expenditure, and as a result, there will be a decrease in aggregate demand. This policy will hurt the economy since it will lead to job losses and reduced economic activity.

b. The government raising taxes on households making more than $250,000 is an example of contractionary fiscal policy. This policy will lead to a reduction in disposable income for high-income households, which will reduce their spending. This reduction in spending will, in turn, reduce aggregate demand, leading to an economic slowdown.

c. The government deciding to fill gaps in Medicare by making it available to more people is an example of expansionary fiscal policy. This policy will increase government expenditure and provide more people with access to healthcare, leading to an increase in aggregate demand. The increase in government spending will also lead to an increase in jobs, which will stimulate economic activity.

Contractionary fiscal policy, on the other hand, is used to slow down the economy by reducing government spending or raising taxes, leading to a decrease in aggregate demand.

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which of the following statements is correct? a. if a company has two classes of common stock, class a and class b, then the stocks may pay different dividends, but under all state charters the two classes must have the same voting rights. b. the stock valuation model, p0

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The correct statement is A. If a company has two classes of common stock, Class A and Class B, the stocks may pay different dividends.

However, under all the state charters, the two classes should must have the same voting rights. This ensures that all shareholders, regardless of the class of stock that they hold, have an equal say in the company's decision-making process.

However, the two classes must have equal voting rights under all state charters. This guarantees that every shareholder has an equal voice in the company's decision-making process, regardless of the class of the shares they have own. The correct statement is A

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new england radiology (ner) serves a number of local hospitals with providing a full range of imaging services and differentiates itself by providing personalized high-touch patient care. on their site in andover ma, they operates one mri scanner, two x-ray imaging systems, and two ct scanners. staff is dedicated to its individual unit and is trained to operate only one of the above systems. ner is open 5 days a week, 52 weeks per year, between 8am and 6pm all patients arrive to the reception where they are registered by two clerks. after registration, patients proceed to the common waiting room waiting to be called in for the imaging or scanning service. ner wants to determine its staffing levels for reception clerks for next week. to do this, they first need a forecast for the average number of patients that will need radiology services. they have historical data for the past few weeks in the table below. which type of forecasting method uses only historical data: causal, qualitative, time series, or simulation? please create a 4-period moving average forecast for weekly demand. then compute the measure of error that is most appropriate when the cost of forecast error is proportional to its size. what is the estimate of demand for next week? week demand forecast error absolute error 1 100 2 95 3 102 4 101 5 97 6 103 7 96 8 sme tom 2002 - integration module 2 fall 2020 page 2 of 8 in addition to providing radiology services, ner provides the annual flu vaccine shots for patients. ner could purchase flu vaccines in bulk at a price of $10 per vaccine and the average reimbursement from patient insurance companies was $75 per vaccine. for safety reasons, the company outsourced disposal of excess vaccines at a cost of $5 per vaccine. historically, the average number of flu vaccines provided was 1,200 with a standard deviation of 80. q7. what is the cost per vaccine of exceeding the number of vaccines required? q8. what is the cost per vaccine of not having enough vaccines? q9. how many vaccines should you order?

Answers

The method of forecasting that uses only historical data is time series. The 4-period moving average forecast for next week's demand is 99.25. The cost of overestimating is $65, and the cost of underestimating is $750. The recommended number of vaccines to order is 1,223.

A 4-period moving average forecast for weekly demand can be computed by adding the demand for the previous four weeks and dividing it by four. The measure of error that is most appropriate when the cost of forecast error is proportional to its size is the mean absolute deviation (MAD), which is calculated by taking the absolute value of the forecast error for each week, adding them up, and dividing by the number of weeks.

Using the data provided, the 4-period moving average forecast for next week's demand would be (97 + 103 + 96 + 101) / 4 = 99.25. The MAD is (5 + 6 + 3 + 2) / 4 = 4, so the estimate of demand for next week is expected to be within plus or minus four patients.

To answer the flu vaccine questions:

The cost per vaccine exceeding the number of vaccines required is $5 (the cost of outsourcing the disposal of excess vaccines).

The cost per vaccine of not having enough vaccines is $65 ($75 reimbursement minus $10 cost per vaccine).

Based on historical data, the average number of flu vaccines provided is 1,200 with a standard deviation of 80. Using a safety stock of 1.65 (corresponding to a 95% service level), the recommended number of vaccines to order would be (1,200 + 1.65 * 80) - 1,200 = 132.

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which of the following would be an example of rent seeking? a. nationalizing a previously private utility and keeping it under tight state control b. giving control of a nationalized industry to supporters of those in power c. providing cash payments to influential industry leaders in return for political support d. sharing power between labor and the military in a nondemocratic regime

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An example of rent-seeking would be providing cash payments to influential industry leaders in return for political support. The correct option is (C).

A rent-seeking activity is a technique utilized by people or groups to influence public policy in their benefit by trying to get market prices higher than free market levels would provide.

Rent-seeking is the practice of a company using its resources to obtain an unauthorized financial advantage from external parties, whether directly or indirectly, without providing anything in return to those parties or the community.

A company looks to acquire money from others by changing or manipulating the environment in which economic activity occurs, as opposed to producing wealth themselves.

A common illustration of rent-seeking is corporate political lobbying. These are primarily carried out by businesses in an effort to gain economically from government action.

Rent-seeking activities are thus a way to divert money to themselves that would otherwise have gone to consumers or taxpayers.

Therefore, the example of rent-seeking would be providing cash payments to influential industry leaders in return for political support.

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in monopolistic competition, a firm has some ability to affect the price for its product because of group of answer choices economic profits. many competitors. easy entry and exit. product differentiation.

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In monopolistic competition, a firm has some ability to affect the price for its product because of c) product differentiation."

In monopolistic competition, firms produce differentiated products that are not perfect substitutes for each other. This means that a firm can differentiate its product in terms of quality, design, packaging, or branding to make it more attractive to consumers.

As a result, the firm has some ability to affect the price of its product because consumers perceive it as different from other products in the market.

However, because there are many competitors producing similar but not identical products, the firm cannot charge a price higher than the perceived value of its product without losing customers. Additionally, easy entry and exit into the market prevent the firm from earning economic profits in the long run.

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according to the 2019 jobvite survey of 1,500 americans, which is the most important motivating criteria to job seekers? multiple choice question. career growth opportunities retirement benefits financial compensation health care

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The most important motivating criteria to job seekers according to the 2019 Jobvite survey of 1,500 Americans is financial compensation.

What's financial compensation

Financial compensation is the amount paid to a person or organization for services rendered. It can be in the form of money, bonuses, stocks, or other forms of payment that can be converted into money.

This form of payment is the most important motivating criteria to job seekers. They take into consideration the financial benefits before they accept a job offer.

In some cases, the job may come with benefits such as health care, retirement benefits, and career growth opportunities, but if the financial compensation is low, it may be a turn-off to the job seeker.

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the bonds of xyz, inc. are currently quoted at 97.65 and mature in 13 years. the bonds pay a $45 semiannual coupon. what is the current yield on these bonds?

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The current yield on the bonds of XYZ, Inc. can be calculated by dividing the annual coupon payment by the current market price of the bond, and then multiplying the result by 100 to get the percentage.

First, we need to calculate the annual coupon payment by multiplying the semiannual coupon payment by 2: $45 x 2 = $90. Next, we can use the current market price of the bond to determine the yield: ($90 / $1,000) x 100 = 9%

Therefore, the current yield on the bonds of XYZ, Inc. is 9%. This means that an investor who buys the bond at the current market price of 97.65 will receive a yield of 9% per year, based on the semiannual coupon payments and the bond's maturity value in 13 years.

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most interviewers form opinions about applicants within the first four minutes of conversation, so it makes sense to look your best. what is a good rule of thumb for how to dress for an interview?

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Yes, it's true that first impressions can be important in an interview, and dressing appropriately is one way to make a good first impression. A good rule of thumb for how to dress for an interview is to dress in a professional and conservative manner.

Here are some tips:

Wear a suit or a conservative outfit: For most interviews, it's best to wear a suit or a conservative outfit such as a dress or skirt with a blouse.

Choose appropriate colors: Stick to neutral colors such as black, gray, navy, or beige for your clothing.

Keep accessories to a minimum: Avoid wearing too many accessories, and keep them conservative as well. For example, a simple watch, wedding ring, or small earrings would be appropriate.

Pay attention to grooming: Make sure your hair is neatly styled, your nails are clean and trimmed, and your shoes are polished.

Consider the company culture: While it's always best to err on the side of being too formal, you should also consider the company culture. If the company has a more casual dress code, you may be able to dress down a bit while still looking professional.

Remember, dressing professionally is just one aspect of making a good first impression in an interview. It's also important to be prepared, confident, and enthusiastic about the opportunity.

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