Reperformance-type audit evidence frequently uses audit sampling. This is referred to as asking the client questions. Option c is Correct.
Audit sampling is the application of an audit technique to less than all of the items in a class of transactions or an account balance with the goal of analyzing some aspect of the class or balance.
To collect confirmation audit evidence, audit sampling is frequently employed. Just asking the customer and staff questions is the most typical method of gathering evidence. The most frequent method of gathering evidence is through inquiries since it is the simplest and may provide clear answers to the issues the audit is trying to solve. Option c is Correct.
Learn more about Reperformance Visit: brainly.com/question/14985636
#SPJ4
Correct Question:
Audit sampling is commonly used for which type of audit evidence?
a) Observation.
b) Analytical procedures.
c) Reperformance
d) Inquiry.
marah's organization consists of an in-house project management staff and an online network of industry professionals. based on this, she is able to conduct business in the united states, europe, and the entire asia-pacific region. marah is an example of .
Marah's organization is an excellent example of a virtual organization because it uses a combination of in-house staff and online professionals to achieve its goals.
Marah's organization, which consists of an in-house project management staff and an online network of industry professionals, has a global reach, enabling her to conduct business in the United States, Europe, and the entire Asia-Pacific region.
This type of organization is known as a virtual organization or a networked organization.
A virtual organization is a collection of geographically dispersed, interdependent entities that are linked together by telecommunications and information technologies to perform complex tasks and functions.
These organizations rely heavily on technology to facilitate communication and collaboration among team members who are located in different parts of the world.
The ability to leverage the expertise of industry professionals from all over the globe allows virtual organizations to operate with greater flexibility and efficiency than traditional organizations.
By doing so, Marah is able to operate on a global scale, expanding her reach and capabilities beyond what would be possible with a traditional organization.
To learn more about organization click on,
https://brainly.com/question/31053567
#SPJ4
managed care refers to the cost management of health care services utilization by controlling who the consumer sees and how much the service cost. question 7 options: a) true b) false
By limiting who a client sees and how much a service costs, managed care refers to the cost management of health care service use. true
Whether a business is a for-profit enterprise, a public institution, or a nonprofit, management is the administration of a corporation. It involves both the art and science of resource management for a business. Determining an organization's strategy and supervising employee efforts to achieve goals through utilising resources, such as financial, natural, technological, and human resources, are both parts of management.In management, the expressions "run the business" and "change the business" are used to demarcate between continuing to provide goods or services and customizing the same goods or services to meet changing client expectations - see trend. Managers, who are in charge of overseeing a business, are also referred to as "management." Some college students major in management.
Learn more about management from
https://brainly.com/question/1276995
#SPJ4
distributor offers to sell his 600 widgets to merchant at rate of $2 per widget. merchant emails distributor back stating they need the widgets by friday. is this a valid agreement under the ucc? group of answer choices yes, because the ucc requires the quantity of goods to be exchanged and the price per good. no because this is a requirements contract which requires an explicit deadline under the ucc. yes, because the ucc requires the identification of the offeree and the quantity of the goods to be exchanged. no, because the ucc requires the parties to specify essential terms such as delivery and method of payment.
Yes, this is a valid agreement under the UCC because the UCC requires the identification of the offeree and the quantity of the goods to be exchanged.
In this case, the distributor offered to sell 600 widgets to the merchant at a rate of $2 per widget, which identifies the offeree (the merchant) and the quantity of goods (600 widgets) to be exchanged. The merchant's email stating that they need the widgets by Friday also provides a clear delivery deadline.The distributor made an offer to the merchant by stating the quantity of goods (600 widgets) and the price per good ($2 per widget).
The merchant responded to the offer by specifying their requirement for delivery by Friday.Both parties identified the offeree (the merchant) and the quantity of goods to be exchanged (600 widgets).Though the UCC does not require all essential terms, such as the method of payment, to be specified in the contract, it is advisable for both parties to clarify any missing terms to avoid potential disputes. However, the absence of such terms does not make the agreement invalid under the UCC, as long as the offeree and the quantity of goods are identified.
For more such question on agreement visit:
https://brainly.com/question/5746834
#SPJ11
price, variable cost per unit, contribution margin, contribution margin ratio, fixed expense for each of the following independent situations, calculate the amount(s) required. required: 1. at the break-even point, jefferson company sells 115,000 units and has fixed cost of $352,400. the variable cost per unit is $0.20. what price does jefferson charge per unit? note: round to the nearest cent.
At the break-even point, Jefferson Company sells 115,000 units and has fixed costs of $352,400. The variable cost per unit is $0.20. Jefferson charges $3.264 per unit and the price is $3.26 per unit.
Calculate the contribution margin per unit by subtracting the variable cost per unit from the selling price. The selling price is not given, so it needs to be determined.
Calculate the total contribution margin by dividing the fixed costs by the number of units sold at the break-even point.
Find the contribution margin ratio by dividing the total contribution margin by the number of units sold at the break-even point.
Determine the price per unit by adding the variable cost per unit to the contribution margin per unit.
Using the given information, we can calculate the total contribution margin, which is $3.064 per unit.
Determine the selling price, we need to calculate the contribution margin per unit by subtracting the variable cost per unit from the selling price.
After determining the selling price, we can find the contribution margin ratio by dividing the total contribution margin by the number of units sold at the break-even point.
Finally, we can determine the price per unit by adding the variable cost per unit to the contribution margin per unit. Thus, Jefferson charges $3.26 per unit, rounded to the nearest cent.
Read more about Fixed costs.
https://brainly.com/question/30011394
#SPJ11
a woman paid cash for a 60-acre lemon grove in citrus county. the estate is for an indefinite period of time. the woman does not own which type of estate in the property?
The woman who paid cash for the 60-acre lemon grove in Citrus County has a fee simple estate in the property
In real estate, an estate refers to the degree, quantity, nature, and extent of interest a person has in real property. There are several types of estates, including fee simple, life estate, leasehold estate, and others.
A fee simple estate, also known as a fee simple absolute or fee ownership, is the most complete form of ownership interest in real property. It gives the owner the highest degree of ownership rights and control over the property. The owner of a fee simple estate has the right to use, occupy, and dispose of the property for an indefinite period of time, subject to any applicable laws or regulations.
In the given scenario, the woman who paid cash for the 60-acre lemon grove in Citrus County has all the ownership interest in the property because she has a fee simple estate. This means that she has complete control over the property and can use, occupy, and dispose of it as she wishes. Therefore, she is not missing any type of estate in the lemon grove
Learn more about fee simple estate here
brainly.com/question/30565515
#SPJ4
drawbacks to the fixed rate exchange system include group of answer choices helps a country with high inflation exports high inflation exports unemployment helps unc beat duke
A fixed exchange rate system is a system in which the exchange rate of a country is fixed by the government, meaning that the country's currency is tied to a foreign currency at a fixed rate.
Although this system has some advantages, there are several drawbacks as well. One of the main drawbacks of the fixed exchange rate system is that it can be difficult for a country to adjust to changing economic conditions. If a country's economy experiences inflation, for example, the fixed exchange rate may make it difficult for the country's exports to compete with those of other countries, which can lead to high inflation exports.
This, in turn, can lead to unemployment as companies may struggle to sell their goods and services in a highly competitive market.To help mitigate these drawbacks, countries that use a fixed exchange rate system often employ a variety of policy measures. For example, they may set up special exchange rates for certain goods and services, or they may impose tariffs or other trade barriers to protect their domestic industries.
In addition, they may use monetary policy measures, such as adjusting interest rates or increasing the money supply, to help stabilize the economy and promote growth. Overall, while the fixed exchange rate system has its advantages, it also has its drawbacks, and policymakers must carefully balance these factors when making decisions about how to manage their country's economy.
For more such question on exchange rate visit:
https://brainly.com/question/6675565
#SPJ11
the internal rate of return (irr) of a capital investment . group of answer choices changes when the cost of capital changes must exceed the project cost of capital to make the investment financially acceptable measures the dollar profitability of a project
The internal rate of return (IRR) is not a measure of dollar profitability, as it does not account for the absolute size of the cash inflows or outflows.
The IRR is the discount rate that equates the present value of a project's cash inflows to the initial investment. The IRR takes into account the time value of money and provides a measure of the project's profitability. It is expressed as a percentage rate of return, and a higher IRR indicates a more profitable project.
The IRR is affected by changes in the cost of capital. As the cost of capital increases, the IRR decreases, making the project less financially acceptable. On the other hand, if the project's IRR exceeds the cost of capital, the investment is considered financially acceptable.
The IRR is not a measure of dollar profitability, as it does not account for the absolute size of the cash inflows or outflows. Rather, it provides a relative measure of the profitability of the investment, based on the percentage rate of return.
Learn more about the internal rate of return at
brainly.com/question/23555947
#SPJ4
what is the best method for communicating with responders and emergency management? a. cert damage assessment form b. any written documentation that denotes what happened c. the method specified by the emergency management plan or sponsoring agency d. any cert-specific forms
The best method for communicating with responders and emergency management is option (c) the method specified by the emergency management plan or sponsoring agency
The best method for communicating with responders and emergency management depends on the specific emergency management plan or sponsoring agency. Each agency or organization may have its own communication protocols and procedures that are tailored to their specific needs and resources.
It is important to follow the established communication procedures to ensure that accurate and timely information is transmitted to the appropriate responders and emergency management personnel. This can help to ensure that the appropriate resources are deployed and that response efforts are coordinated effectively.
While written documentation, such as the CERT damage assessment form or other CERT-specific forms, may be useful for documenting the situation and tracking progress, they should not be relied upon as the primary means of communication with responders and emergency management.
Therefore, the correct option is (c) the method specified by the emergency management plan or sponsoring agency
Learn more about communication here
brainly.com/question/25356013
#SPJ4
an investment had a nominal return of 10.0 percent last year. if the real return on the investment was only 7.6 percent, what was the inflation rate for the year?
The inflation rate for the year was 2.4 percent.
Nominal return refers to the profit earned from a financial asset or security, which is stated in dollar terms before considering the inflation rate.
On the other hand, real return refers to the profit earned from a financial asset or security, which is adjusted for the inflation rate.
In this case, the nominal return was 10.0 percent, while the real return was 7.6 percent.
Therefore, the inflation rate can be calculated as follows:
Inflation rate = Nominal return - Real return
Inflation rate = 10.0% - 7.6%Inflation rate = 2.4%
Therefore, the inflation rate for the year was 2.4 percent.
To know more about inflation rate refer to-
brainly.com/question/30112292#
#SPJ11
are americans becoming ruder in their interactions with one another in the business environment? explain and document your reasoning using scholarly and peer reviewed journal articles and/or texts.
According to a survey conducted by Weber Shandwick and Powell Tate, a significant percentage of Americans believe that the US has become less civil in recent years.
The survey showed that 70% of Americans believe that incivility in the workplace has reached crisis levels, and 60% believe that it has significantly worsened in the past few years. The survey also found that incivility in the workplace is not only unpleasant but also affects employee productivity, engagement, and loyalty to the company.
Therefore, it is important for companies to promote a culture of civility in the workplace, not only to improve employee satisfaction and retention but also to enhance the overall productivity and success of the organization.
To learn more about employee satisfaction, visit here
https://brainly.com/question/30737212
#SPJ4
in 1977, kenneth h. olsen, then president of digital equipment corp., announced that there was no reason for individuals to have a computer in their home. long since disproven, this is an example of
In 1977, Kenneth H. Olsen's statement about there being no reason for individuals to have a computer in their home is an example of underestimation of uncertainty. Therefore, the correct option is C.
The statement that Kenneth H. Olsen, the then president of Digital Equipment Corp. made in 1977 can be categorized under underestimation of uncertainty. Underestimation of uncertainty is a term used in decision making to explain the act of underestimating the magnitude or probability of uncertain events. This occurs when the available information on the event is either inadequate or not properly analyzed.
Therefore, Olsen's claim is disproven, which is a reflection of his underestimation of uncertainty. This is because he failed to foresee the potential and importance of personal computers in people's daily lives. Hence, option C is the correct answer.
Note: The question is incomplete. The complete question probably is: In 1977, Kenneth H. Olsen, then president of Digital Equipment Corp., announced that there was no reason for individuals to have a computer in their home. Long since disproven, this is an example of A. overestimation of uncertainty. B. excellent forecasting. C. underestimation of uncertainty. D. good prediction skills.
Learn more about Decision making:
https://brainly.com/question/25870371
#SPJ11
what effects would each of the following have on aggregate demand or aggregate supply, other things equal? a. a widespread fear by consumers of an impending economic depression. (click to select) will (click to select) . b. a new national tax on producers based on the value added between the costs of the inputs and the revenue received from their output. (click to select) will (click to select) . c. a reduction in interest rates. (click to select) will (click to select) . d. a major increase in spending for health care by the federal government. (click to select) will (click to select) . e. the general expectation of coming rapid inflation. (click to select) will (click to select) . f. the complete disintegration of opec, causing oil prices to fall by one-half. (click to select) will (click to select) . g. a 10 percent across-the-board reduction in personal income tax rates. (click to select) will (click to select) . h. a sizable increase in labor productivity (with no change in nominal wages). (click to select) will (click to select) . i. a 12 percent increase in nominal wages (with no change in productivity). (click to select) will (click to select) . j. an increase in exports that exceeds an increase in imports (not due to tariffs). (click to select) will (click to select) .
a. Consumers' widespread worry about an upcoming economic depression will reduce aggregate demand.
b. The aggregate supply will be reduced by a new national tax on producers based on the value added between the cost of the inputs and the money collected from their product.
c. A decline in interest rates will result in a rise in overall demand.
d. A significant rise in federal spending on healthcare will boost aggregate demand.
e. The widespread belief that there would be rapid inflation in the near future will boost aggregate demand in the short term but depress it in the long term.
f. The total collapse of OPEC, which would result in a 50% drop in oil prices, would boost overall supply.
g. A 10% cut in personal income tax rates across the board will boost aggregate demand.
h. A significant rise in worker productivity will boost aggregate supply while leaving nominal wages unchanged.
i. A nominal wage rise of 12% that doesn't affect productivity will result in a reduction in aggregate supply.
j. A rise in aggregate demand will occur when export growth outpaces import growth (and not because of tariffs).
Learn more about demand or aggregate
https://brainly.com/question/29349235
#SPJ4
the slope of the consumption function is equal to part 2 a. the change in disposable income divided by the change in consumption. b. the change in consumption divided by the change in personal income. c. the change in national income divided by the change in consumption. d. the change in consumption divided by the change in disposable income.
The slope of the consumption function is equal to d. the change in consumption divided by the change in disposable income.
The consumption function describes the relationship between household consumption spending and the factors that influence it, such as disposable income. The consumption function is utilized in macroeconomics and is used to estimate and predict consumer spending, it is also used to evaluate how changes in disposable income impact consumer spending. The slope of the consumption function is a measure of the relationship between disposable income and consumption, it measures the percentage change in consumption in response to a one percent increase in disposable income. It is equal to the change in consumption divided by the change in disposable income, which is option d in the given question.
The consumption function has a positive slope because as disposable income increases, so does consumption spending. However, the slope is less than one, indicating that the change in consumption is less than the change in disposable income. This is because households also save some of their disposable income rather than spending it all. The slope of the consumption function is equal to d. the change in consumption divided by the change in disposable income.
Learn more about consumption function at:
https://brainly.com/question/14975005
#SPJ11
if the minimum wage is set above the equilibrium wage, a supply and demand diagram of the low-skilled labor market will show unemployment as
If the minimum wage is set above the equilibrium wage, a supply and demand diagram of the low-skilled labor market will show unemployment as an increase in the quantity of labor supplied that exceeds the quantity demanded.
The law of supply and demand determines the price and the quantity of the goods and services that are being bought and sold. The supply and demand diagram for the low-skilled labor market is shown in the figure below, with the wage rate (w) on the vertical axis and the quantity of labor (L) on the horizontal axis.
The equilibrium wage rate (we) is determined at the intersection of the demand and supply curves. At this point, the quantity of labor supplied is equal to the quantity of labor demanded.
If the minimum wage is set above the equilibrium wage, the result will be a decrease in the quantity of labor demanded, an increase in the quantity of labor supplied that exceeds the quantity demanded, and unemployment.
In other words, firms will demand less labor at higher wage rates, while workers will be willing to supply more labor at higher wage rates. When the minimum wage is set above the equilibrium wage, firms will be willing to hire fewer workers than the number of workers willing to work at that wage rate.
As a result, there will be a surplus of workers, which is unemployment in the labor market.
To know more about unemployment, visit:
https://brainly.com/question/13399471#
#SPJ11
suppose the cpi in 2020 is 140 and the cpi in 2021 is 164. from 2020 to 2021, jenny's salary rises from $43,000 to $48,000. did jenny's real income increase?
Yes, Jenny's real income increased by 11.43%
To measure this, we have to adjust her salary for the change in the Consumer Price Index (CPI). The CPI represents the cost of goods and services in a given year, so if it rises between two years, it means that goods and services cost more. From 2020 to 2021, the CPI increased by 24 points--from 140 to 164.
Her salary rose by 11.43% (48,000/43,000 - 1 = .1143 or 11.43%), while the CPI increased by 17.86% (164/140 - 1 = .1786 or 17.86%).
Therefore, her real income has risen as her salary increase exceeded the rise in the cost of living.
To know more about Consumer Price Index visit:
https://brainly.com/question/12988188
#SPJ4
firms usually offer their customers some form of trade credit. this allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller.cold duck manufacturing inc. buys on terms of 4/10, net 60 from its chief supplier.if cold duck receives an invoice for $2,100.98, what would be the true price of this invoice?
The true price of the invoice for Cold Duck Manufacturing Inc. is $2,016.94.
To find the true price of the invoice for Cold Duck Manufacturing Inc., we need to calculate the discount based on the terms of 4/10, net 60.
1. Identify the credit terms:
4/10 means a 4% discount if the invoice is paid within 10 days, and net 60 means the full amount is due within 60 days.
2. Determine the discount:
Since Cold Duck has the option to pay within 10 days and receive a 4% discount, we need to calculate the value of this discount.
Discount = Invoice amount * Discount percentage
Discount = $2,100.98 * 0.04 = $84.04
3. Calculate the true price:
To find the true price of the invoice, we need to subtract the discount from the invoice amount.
True price = Invoice amount - Discount
True price = $2,100.98 - $84.04 = $2,016.94
So, the true price of the invoice for Cold Duck Manufacturing Inc. would be $2,016.94 if they pay within 10 days.
Learn more about Invoice:
https://brainly.com/question/24711439
#SPJ11
market failure occurs when a. market price is equal to marginal cost. b. an unrestrained market allocates too many or too few resources to a specific economic activity. c. markets do not
Market failure occurs when "an unrestrained market economy leads to either an under-allocation or over-allocation of resources to a specific economic activity". Option B is correct.
This is resulting in an inefficient allocation of goods and services in the economy.
Market failure can occur due to a variety of reasons such as externalities, public goods, natural monopolies, imperfect information, and market power. In such cases, the free market fails to allocate resources efficiently, resulting in a loss of economic welfare.
For instance, when a firm produces goods that cause pollution, it imposes a negative externality on society, and the market fails to internalize the cost of pollution, resulting in an overproduction of goods that cause pollution.
Similarly, in the case of public goods, the market may underproduce them as firms cannot exclude non-payers from enjoying the benefits of the good. Policymakers may intervene to correct market failures by implementing regulations, taxes, subsidies, or providing public goods themselves.
Option B holds true.
The complete question:
Market Failure occurs when....
A) A good is too expensive for the market to provideB) an unrestrained market economy leads to too few or too many resources going to a specific economic activityC)one good is superior to another and drives it out of the marketD) the stock market experiences a very large lossLearn more about market failure: https://brainly.com/question/26506407
#SPJ11
which of the following types of cost is not a typical service cost involved with long-term service contracts? a.direct costs b.initial direct costs v.indirect costs d.initial indirect costs
"Initial indirect costs" are typically one-time expenses and not ongoing costs associated with long-term service contracts. Thus, Option D is correct.
Indirect costs, also known as overhead costs, are expenses that cannot be directly attributed to a specific service or product, such as rent, utilities, or office supplies. These costs are typically spread out over a period of time and are included in the overall pricing of long-term service contracts.
Direct costs, on the other hand, are expenses that are directly related to providing the service, such as labor, materials, and equipment. Initial direct costs may include expenses related to setting up the service, such as training and equipment purchases.
It is important for service providers to carefully consider all costs associated with long-term service contracts in order to ensure profitability and customer satisfaction.
Option D holds true.
Learn more about Indirect costs https://brainly.com/question/29764991
#SPJ11
which of the following result from a reduction in personal income tax rates on consumers? multiple select question. increased take-home income increasing consumer purchases at each possible price level decreased take-home income decreasing consumer purchases at each possible price level
Increased take-home income and increasing consumer purchases at each possible price level would result from a reduction in personal income tax rates on consumers.
Each and every citizen of the nation must pay taxes. A reduction in income taxes boosts aggregate demand, disposable personal income (but not as much as the change in disposable personal income), and consumption.
When a consumer's income rises, they are more willing to spend money, especially on higher-quality goods. Consumers will spend less when their income declines, especially on higher-quality goods. Despite the fact that they might spend more money on inferior goods.
Lower income tax rates boost consumers' purchasing power and can boost aggregate demand, which can boost the economy's growth (and possibly inflation).
Learn more about income taxes at:
brainly.com/question/20127586
#SPJ4
question number 1) in which type of competition do fast-food restaurants operate? a monopolistic competition b private regulated monopoly c private unregulated monopoly d oligopolistic competition e pure monopoly
Fast-food restaurants operate in a monopolistic competition (a).
Fast-food restaurants are an example of a market structure known as monopolistic competition. In a monopolistic competition, many firms sell similar but not identical products, and they compete based on factors such as price, quality, and marketing.
In the case of fast-food restaurants, there are many different firms (e.g. McDonald's, Burger King, Wendy's, etc.) that offer similar products (e.g. burgers, fries, and soft drinks) to consumers.
However, there are also differences in the products and services offered by each firm, such as menu items, marketing campaigns, and store locations. This means that consumers may have preferences for one brand over another based on these differences.
Furthermore, fast-food restaurants are characterized by relatively low barriers to entry, meaning that new firms can enter the market without facing significant obstacles.
This can lead to a relatively large number of firms operating in the market, which can result in intense competition for customers.
The monopolistic competition market structure allows fast-food restaurants to differentiate themselves from their competitors by offering unique products and services, as well as by creating brand awareness through marketing campaigns.
This differentiation can help firms to capture a portion of the market share and to achieve profits, even in a highly competitive market.
However, monopolistic competition also has some drawbacks. The intense competition can lead to price wars, as firms try to undercut each other to attract customers.
This can result in lower profits for all firms operating in the market. In addition, the ability of firms to differentiate themselves through marketing campaigns and branding can lead to an emphasis on non-price competition, which can result in higher marketing costs and may not necessarily benefit consumers.
In summary, fast-food restaurants operate in a monopolistic competition market structure, where many firms offer similar products but compete based on factors such as price, quality, and marketing.
This market structure allows firms to differentiate themselves and capture a portion of the market share, but it also leads to intense competition and the potential for lower profits.
To learn more about monopolistic, refer below:
https://brainly.com/question/29763908
#SPJ11
the following labor standards have been established for a particular product: standard labor-hours per unit of output 8.7 hours standard labor rate $18.10 per hour the following data pertain to operations concerning the product for the last month: actual hours worked 3,800 hours actual total labor cost $67,640 actual output 500 units what is the labor efficiency variance for the month? group of answer choices $11,095 u $9,790 f $9,955 f $11,095 f
The labor efficiency variance for the month is $9,955 favorable.
The labor efficiency variance measures the difference between the actual labor hours used and the standard labor hours allowed for the actual output achieved. The formula for the labor efficiency variance is:
Labor efficiency variance = (Standard labor hours - Actual labor hours) x Standard labor rate
In this case, the standard labor hours per unit of output are 8.7 hours, and the actual output for the month is 500 units, so the standard labor hours allowed are:
Standard labor hours allowed = 8.7 hours per unit x 500 units = 4,350 hours
The actual labor hours worked for the month are 3,800 hours, so the labor efficiency variance is:
(4,350 - 3,800) x $18.10 per hour = $9,955 favorable
Therefore, the labor efficiency variance for the month is $9,955 favorable.
To learn more about labor efficiency refer to:
brainly.com/question/28208334
#SPJ4
what provided the stimulus for the development of management theory during the industrial revolution?
The Industrial Revolution provided the catalyst for the development of management theory by highlighting the importance of effective management in improving organizational performance and achieving competitive advantage.
The Industrial Revolution, which began in the late 18th century and continued into the 19th century, marked a period of significant economic, social, and technological change. The emergence of factories and mass production methods created a need for more efficient and effective ways of managing labor and resources. This provided the stimulus for the development of management theory.
During this time, many early management theories were developed, including scientific management, administrative management, and bureaucratic management. These theories sought to improve the efficiency and productivity of organizations by emphasizing the importance of planning, organizing, controlling, and coordinating work activities.
One of the key drivers of the development of management theory during the Industrial Revolution was the need to increase productivity and efficiency. Factory owners and managers were faced with the challenge of managing large numbers of workers and coordinating complex production processes. This led to a greater focus on standardization, specialization, and the use of technology to streamline work processes.
To learn more about Industrial Revolution
https://brainly.com/question/855594
#SPJ4
mr. denniston owns a mid-sized business. he sets wages based on the contribution that the employee makes to the business. mr. denniston subscribes to which theory of inequality?
Mr. Denniston's approach to setting wages based on employee contributions aligns with the contribution theory of wages, which values the contributions that employees make to a business above other factors like seniority or education level.
In the case of Mr. Denniston, who owns a mid-sized business and sets wages based on employee contributions to the business, he subscribes to a theory of inequality known as the contribution theory of wages. This theory suggests that wages should be based on the value that an employee adds to a business rather than being tied to factors like education level or seniority.
The contribution theory of wages is often contrasted with other theories of inequality, such as the seniority or merit-based systems. These alternative theories may reward employees who have been with a company for a long time or those who have certain degrees or certifications, even if they may not be adding as much value to the business as other employees.
For more such questions on wages
https://brainly.com/question/28331168
#SPJ11
what pricing tactic involves adding a certain amount to the cost of a product to set the final selling p
The pricing tactic that involves adding a certain amount to the cost of a product to set the final selling price is known as Mark-up pricing.
What is mark-up pricing?Mark-up pricing refers to a pricing tactic that adds a percentage of the product’s cost to determine the final price.
It entails a simple calculation: multiplying the product cost by a certain percentage to determine the price.
As a result, the company's profits are determined by the markup percentage.
In other words, the price of a product is calculated by adding a fixed amount or percentage of the product's cost to its price.
The mark-up percentage is calculated by adding the percentage of the cost of the product that is considered a profit to the total cost of the product.
It can be defined as the difference between the cost of a product and its selling price that is required to cover the costs of production and generate a profit.
To know more about pricing tactics refer to-
brainly.com/question/29316326#
#SPJ11
albert's printing and pressing company is a t-shirt printing shop with four processes: printing (p1), pressing (p2), sealing (s), and finishing (f). the arrival time and processing sequence for three upcoming jobs is shown below. job arrival time processing sequence (processing time in minutes) 1 0 p1(10), p2(20), s(15), f(10) 2 10 p1(10), p2(10), s(15) 3 20 p1(20), s(5), f(10) using the fno rule, what scheduling decision should the dispatcher make at time 45?
The scheduling decision should the dispatcher make using FNO (First Non-delayed Operation) rule at time 45 is processing Job 3's first operation, P1(20).
According to the information provided,
The jobs and their respective arrival times and processing sequences are as follows,
Job 1,
Arrival time = 0, Processing sequence = P1(10), P2(20), S(15), F(10)
Job 2,
Arrival time = 10, Processing sequence = P1(10), P2(10), S(15)
Job 3,
Arrival time = 20, Processing sequence = P1(20), S(5), F(10)
Using the FNO (First Non-delayed Operation) rule,
The dispatcher should prioritize the jobs based on the processing time of their first operation that has not yet started.
At time 45, Job 1 has already arrived and started processing its first operation, P1(10), which has a remaining processing time of 10 minutes.
Job 2 has also arrived and started processing its first operation, P1(10), which has a remaining processing time of 10 minutes.
Job 3 has arrived but has not yet started processing its first operation, P1(20).
Based on the FNO rule, the dispatcher should prioritize Job 3 as it has the highest remaining processing time for its first operation.
Therefore, the scheduling decision at time 45 should be to start processing Job 3's first operation, P1(20).
As it has not yet started and has the highest remaining processing time among the three jobs.
Once Job 3's P1(20) is started, Job 1's P1(10) and Job 2's P1(10) will be the next priority, respectively.
learn more about dispatcher here
brainly.com/question/14911743
#SPJ4
gibson's has sales for the year of $539,400, cost of goods sold equal to 74 percent of sales, and an average inventory of $78,600. the profit margin is 8 percent and the tax rate is 21 percent. how many days, on average, does it take the company to sell an inventory item? assume 365 days per year.
On average, it takes the company 71.77 days to sell an inventory item.
The cost of goods sold:Cost of goods sold = 74% of sales= (74/100) × 539,400= $399,156The gross profit:Gross profit = Sales - Cost of goods sold= $539,400 - $399,156= $140,244.The net profit:Net profit = Gross profit × Profit margin= $140,244 × 8/100= $11,219.52.
The after-tax profit:After-tax profit = Net profit × (1 - Tax rate)= $11,219.52 × (1 - 21%)= $8,852.22The average inventory turnover period:Inventory turnover period = (Average inventory / Cost of goods sold) × 365Inventory turnover period = (78,600 / 399,156) × 365= 71.77 days.
For more such questions on company
https://brainly.com/question/24553900
#SPJ11
in the context of decision making process, after a solution is implemented, the next step is to:group of answer choicesrecognize the need for a decisionevaluate alternative courses of actionmonitor the situationcalculate the probability of success
In the context of the decision-making process, after a solution is implemented, the next step is to: "monitor the situation" (option c).
A decision-making process is a sequence of actions taken to determine the best way to solve an issue or make a choice. It includes collecting data, analyzing the data, and selecting the best course of action in a logical order. The steps in the Decision-Making Process are as follows:
1. Identify the problem or issue.
2. Collect data, opinions, and feedback from others.
3. Create alternative courses of action.
4. Consider each course of action's potential advantages and disadvantages.
5. Choose the best alternative, the one with the highest positive outcomes.
6. Implement the solution, which involves making a decision.
7. Monitor the situation to make sure the solution works.
8. Re-evaluate the situation if the solution does not work.
Option C is the correct answer.
You can learn more about decision-making process at
https://brainly.com/question/1249089
#SPJ11
the monopolist's demand curve is group of answer choices upward sloping. perfectly elastic. perfectly inelastic. downward sloping.
Answer:
The demand curve for a monopolist is downward sloping because the marginal revenue is less than the price at every level of output. Therefore, the marginal revenue curve remains below the average revenue curve. The demand curve is the average revenue curve in the monopoly market.
The monopolist's demand curve is downward sloping.
The demand curve of the monopolist is downward sloping.A monopoly is a market structure in which a single supplier or a group of suppliers have full control over a commodity or service. In a monopoly, the firm is the sole supplier of a commodity, and hence there are no close substitutes available for that commodity.
This means that the monopolist's demand curve is downward sloping, since the monopolist has market power that allows them to influence the price of the commodity they produce.As a result, the monopolist may decide to charge a higher price to increase profits since there are no close substitutes available for that commodity, which may cause consumers to shift to the monopolist's product if the price is not too high.In conclusion, the monopolist's demand curve is downward sloping.
Know more about Monopolist here:
https://brainly.com/question/29763908
#SPJ11
which one of the following is a limitation on soft money? group of answer choices soft money cannot be used to promote a policy proposal. soft money cannot be used to mobilize voters. soft money cannot be used to elect or defeat a specific candidate. soft money cannot be used to promote a point of view.
From amongst the given options, the limitation on soft money is that it cannot be used to elect or defeat a specific candidate.
The limitation on soft money is that it cannot be used to elect or defeat a specific candidate. Soft money refers to funds that are raised by political parties or organizations for activities such as voter mobilization and issue advocacy, but it cannot be used to directly support or oppose a particular candidate in an election. This is because soft money is subject to less stringent regulations than "hard money," which refers to funds raised and spent directly by candidates in an election.
Learn more about Soft Money :
https://brainly.com/question/10558583
#SPJ4
what could be the yield to maturity for a 3 year bond with a 8% annual coupon if the bond is trading at discount?
The yield to maturity (YTM) for a bond is the total return anticipated on a bond if it is held until it matures.
If a bond is trading at a discount, it means that its current price is lower than its face value, which can occur when the bond's interest rate is higher than the current market rate.
In the case of a 3-year bond with an 8% annual coupon, if it is trading at a discount, its YTM will be higher than its coupon rate of 8%.
The exact YTM calculation involves several factors, including the bond's current market price, its face value, the coupon rate, and the time remaining until maturity.
However, in general, the YTM will be higher than the coupon rate for a bond trading at a discount. This is because the investor is paying less for the bond initially but will still receive the full face value at maturity, resulting in a higher effective interest rate.
Learn more about bond here:
https://brainly.com/question/29667007
#SPJ4