It took Dexter Incorporated approximately 70.1 days to pay off its suppliers during the year.
To calculate the average payment period for Dexter Incorporated, we'll need the following information: the cost of goods sold (COGS), the ending accounts payable balance, and the number of days in the year.
Step 1: Identify the cost of goods sold (COGS) and the ending accounts payable balance.
COGS: $45,621
Accounts payable balance: $8,763
Step 2: Calculate the average accounts payable.
Average accounts payable = COGS / 365 days
Average accounts payable = $45,621 / 365 = $124.99
Step 3: Calculate the average payment period.
Average payment period = Ending accounts payable balance / Average accounts payable
Average payment period = $8,763 / $124.99 ≈ 70.1 days
On average, it took Dexter Incorporated approximately 70.1 days to pay off its suppliers during the year.
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expressions inc., a toiletries manufacturing firm, has launched a new range of organic sanitizing wipes. it wants to test its consumers' reactions to this new product in an economical way. therefore, expressions creates flyers that advertise several of its products along with the new product and send them to a few selected members of the target market. besides this, it also takes the members to a mock shop and monitors their shopping behavior. in this scenario, expressions is using ______
a. scanner based research testing
b. simulated (laboratory) market testing
c. traditional test marketing
d. virtual test marketing
Expressions Inc. is using B: simulated (laboratory) market testing" to test its new range of organic sanitizing wipes by creating flyers and monitoring shopping behavior in a mock shop with selected members of the target market.
This involves creating flyers that advertise several of its products, including the new product, and sending them to a few selected members of the target market. The members are then taken to a mock shop, and their shopping behavior is monitored. This method allows the company to test the product in a controlled environment, with a small sample size, and at a lower cost than traditional test marketing.
Option B is answer.
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a straight rebuy, like when the office needs more paper, is common for ____ customers.
A straight rebuy, like when the office needs more paper, is common for routine customers.
Routine customers are those who have regular and predictable needs for a product or service. For example, an office that uses paper on a daily basis will have a routine need to purchase more paper when supplies run low. In these cases, a straight rebuy is often used, where the customer simply reorders the product without much consideration or evaluation of other options. Straight rebuys are common for routine customers because they have established relationships with suppliers and have a good understanding of their product needs.
Additionally, they may not have the time or resources to evaluate new suppliers or products.
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FILL IN THE BLANK. for a free enterprise system to exist, individuals need to be able to make _______
For a free enterprise system to exist, individuals need to be able to make choices.
What's free enterprise?Free enterprise, also known as capitalism, is an economic system based on the principles of private ownership, competition, and the pursuit of profit. In this system, individuals are free to own and operate businesses, and consumers are free to choose which goods and services they wish to purchase.
Without the freedom to make choices, free enterprise cannot exist. This includes the ability to make choices about what goods to produce, what prices to charge, where to invest, and what careers to pursue.
A free enterprise system relies on the premise that individuals are best suited to make decisions for themselves, rather than having those decisions made for them by the government or other outside forces.
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vault cash and reserve accounts are similar in that each vault cash and reserve accounts are similar in that each provides for the bank's use of large amounts of cash. is part of the money supply. earns no interest. is kept on account at the federal reserve bank. is maintained by the bank at a fixed percentage set by the federal reserve.
Vault cash and reserve accounts are similar in that each provides for the bank's use of large amounts of cash, is part of the money supply, and earns no interest.
Vault cash and reserve accounts are similar in that each:
1. Provides for the bank's use of large amounts of cash: Both vault cash and reserve accounts hold cash that banks can use to meet customer withdrawals or cover their reserve requirements.
2. Is part of the money supply: Vault cash and reserve accounts are components of the money supply, as they represent cash held by banks that can potentially be used for transactions.
3. Earns no interest: Neither vault cash nor reserve accounts typically earn interest for the banks, as they are required to hold these funds to meet regulatory requirements.
4. Is maintained by the bank at a fixed percentage set by the Federal Reserve: Both vault cash and reserve accounts are maintained according to reserve requirements set by the Federal Reserve, which determines the percentage of deposits banks must hold as reserves.
However, it is important to note that vault cash is physically held by the bank, while reserve accounts are held at the Federal Reserve Bank.
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To what amount will the following investments accumulate?
a. $5,000 invested for 10 years at 10 percent compounded annually.
b. $8,000 invested for 7 years at 8 percent compounded annually.
c. $775 invested for 12 years at 12 percent compounded annually.
d. $21,000 invested for 5 years at 5 percent compounded annually.
a. $5,000 invested will accumulate to $12,758.96. b. $8,000 invested will accumulate to $13,968.03. c. $775 invested will accumulate to $3,432.97. d. $21,000 invested will accumulate to $26,533.08.
To calculate the future value of an investment with compounding interest, we use the following formula:
Future Value = Present Value x (1 + Interest Rate/Number of Compounding Periods)^(Number of Years x Number of Compounding Periods)
Using the values provided in the question and plugging them into the formula, we get:
a. Future Value = $5,000 x (1 + 0.10/1)¹⁰ˣ¹= $12,758.96
b. Future Value = $8,000 x (1 + 0.08/1)⁷ˣ¹= $13,968.03
c. Future Value = $775 x (1 + 0.12/1)¹²ˣ¹ = $3,432.97
d. Future Value = $21,000 x (1 + 0.05/1)⁵ˣ¹ = $26,533.08
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in terms of imc strategy, the _____ refer(s) to the specific people the imc will reach.
In terms of IMC strategy, the target audience refers to the specific people the IMC will reach.
The target audience is the group of individuals who are most likely to be interested in the product or service being advertised. It is essential to identify and understand the target audience to create effective marketing campaigns that resonate with them. IMC strategy considers the target audience's demographics, psychographics, and behavior to deliver the message through the most effective channels, such as social media, television, or print. The IMC strategy should aim to create a unique value proposition that resonates with the target audience's needs and preferences. The target audience is a crucial component of the IMC strategy, and understanding them is essential to achieve the desired results.
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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation Thomas's fastest-moving inventory item has a demand of 5,750 units per year . The cost of each unit is $102, and the inventory carrying cost is 59 per unit per year The average ordering cost $31 por ordet It takes about 5 days for an order to arrive and the demand for 1 week is 115 units (This is a corporate operation, and there are 250 working days per year) e) What is the annual cost of ordering and holding inventory? $____ per year (round your response to two decimal places)
The annual cost of ordering and holding inventory is $5,565.84 per year (rounded to two decimal places). EOQ is the optimal order quantity that minimizes the total annual inventory cost.
The annual cost of ordering and holding inventory can be calculated by using the Economic Order Quantity (EOQ) formula.
Using the given information:
Demand (D) = 5,750 units per year
Ordering cost (S) = $31 per order
Carrying cost (H) = $59 per unit per year
Unit cost (C) = $102
EOQ = sqrt(2DS/H)
EOQ = sqrt(2 * 5,750 * 31 / 59)
EOQ = 147.67 units
Now, we can calculate the number of orders per year:
Number of orders = D / EOQ = 5,750 / 147.67 = 38.95
The time between orders (T) = working days per year / number of orders per year
T = 250 / 38.95 = 6.42 days
We can round it up to 7 days for convenience.
Therefore, the annual cost of ordering and holding inventory is:
Annual ordering cost = number of orders per year * ordering cost = 38.95 * 31 = $1,210.45
Average inventory = EOQ / 2 = 147.67 / 2 = 73.835
Annual holding cost = average inventory * carrying cost = 73.835 * 59 = $4,355.39
Total annual cost = annual ordering cost + annual holding cost = $1,210.45 + $4,355.39 = $5,565.84
Therefore, the annual cost of ordering and holding inventory is $5,565.84 per year.
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5. a perfectly competitive firm maximizes profit by producing 500 units of output, selling each unit for $10. the firm's average variable cost is $7 and average fixed cost is $2. what is the firm's producer surplus?
Producer surplus is the difference between the revenue a firm earns from the sale of its product and the variable costs associated with producing that product.
In this scenario, the firm is perfectly competitive and maximizes profit by producing 500 units of output and selling each unit for $10. The total revenue earned by the firm is $5,000 (500 x $10).
The firm's average variable cost is $7 per unit, which means the variable costs associated with producing 500 units is $3,500 (500 x $7).
The average fixed cost is $2 per unit, which means the fixed costs associated with producing 500 units is $1,000 (500 x $2).
To calculate the producer surplus, we subtract the total variable and fixed costs from the total revenue: $5,000 - ($3,500 + $1,000) = $500. Therefore, the producer surplus for this firm is $500.
This means that the firm is earning a profit of $500 by producing and selling 500 units of output.
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a company is considering a $150,000 investment in machinery with the following net cash flows. the company requires a 10% return on its investments. year 1 year 2 year 3 year 4 year 5 net cash flows $10,000 $25,000 $50,000 $37,500 $100,000 initial investment $150,000 required rate of return 10% required: (a) compute the net present value of this investment. use formulas that reference data from this worksheet and from the appropriate future or present value tables (found by clicking the tabs at the bottom of this worksheet). use cells a2 to f9 from the given information to complete this question. year net cash flows present value factor present value of net cash flows 1 2 3 4 5 totals initial investment net present value (b) should the machinery be purchased? should the machinery be purchased?
Net Present Value = $155,068 - $150,000 = $5,068 Therefore, the net present value of this investment is $5,068., the company's required rate of return of 10%.
(a) To compute the net present value (NPV) of the investment, we need to discount the net cash flows to their present values and then subtract the initial investment from the total present value of the cash flows. The present value factor can be found using the PVIF (present value interest factor) tables.
Using the given data, we can compute the present value factor for each year as follows:
Year 1: PVF = 1 / (1 + 10%)^1 = 0.909 Year 2: PVF = 1 / (1 + 10%)^2 = 0.826 Year 3: PVF = 1 / (1 + 10%)^3 = 0.751 Year 4: PVF = 1 / (1 + 10%)^4 = 0.683 Year 5: PVF = 1 / (1 + 10%)^5 = 0.621
Using these present value factors, we can compute the present value of each cash flow as follows:
Year 1: $10,000 x 0.909 = $9,090 Year 2: $25,000 x 0.826 = $20,650 Year 3: $50,000 x 0.751 = $37,550 Year 4: $37,500 x 0.683 = $25,678 Year 5: $100,000 x 0.621 = $62,100
The total present value of the cash flows is the sum of these present values, which is $155,068. The net present value is the total present value minus the initial investment, which is:
Net Present Value = $155,068 - $150,000 = $5,068 Therefore, the net present value of this investment is $5,068.
(b) Since the net present value of the investment is positive, the machinery should be purchased as it is expected to generate a return that exceeds the company's required rate of return of 10%.
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Values of Strategic Group Concept:
Strategic groups are helpful in thinking through the implications of each industry ______ for the strategic group as a whole.
Strategic groups are helpful in thinking through the implications of each industry dynamic for the strategic group as a whole.
In any industry, companies with similar business strategies, resources, and competitive positions often form strategic groups. These groups can provide valuable insights into the industry's competitive landscape, opportunities, and threats.
By examining strategic groups, businesses can identify the key factors that differentiate one group from another, such as market segmentation, product offerings, or geographic location. This understanding allows companies to better adapt their strategies in response to the changing industry dynamics.
Analyzing strategic groups also enables businesses to identify potential gaps or untapped opportunities within the industry. Companies can leverage these insights to develop unique value propositions and competitive advantages, ultimately enhancing their position within the strategic group.
Furthermore, strategic groups can help businesses anticipate and respond to potential shifts in industry dynamics, such as technological advancements or regulatory changes. By closely monitoring the actions and performance of competitors within their strategic group, companies can stay ahead of emerging trends and proactively adjust their strategies.
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by how much would government spending have to rise to shift the aggregate demand curve rightward by $40 billion?
To shift the aggregate demand curve rightward by $40 billion, government spending would have to rise by $40 billion.
This is because government spending is a component of aggregate demand, and an increase in government spending directly increases aggregate demand. Therefore, a $40 billion increase in government spending would shift the aggregate demand curve rightward by the same amount.
To determine how much government spending would have to increase to shift the aggregate demand curve rightward by $40 billion, we need to consider the fiscal multiplier. The fiscal multiplier measures the impact of a change in government spending on aggregate demand.
In this case, if we assume a fiscal multiplier of 1, then government spending would need to increase by $40 billion to shift the aggregate demand curve rightward by $40 billion. If the fiscal multiplier is greater than 1, the required increase in government spending would be less than $40 billion, and if it is less than 1, the required increase would be more than $40 billion.
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what is the typical weight gain (lbs) of an infant between the first and second year of life?
The typical weight gain of an infant between the first and second year of life is approximately 3-5 pounds (1.4-2.3 kg). During this time, growth rates tend to slow down compared to the first year, and weight gain becomes more gradual.
The very early offspring of humans are called infants or babies. The phrase "infant" is a formal or specialized synonym for "baby." Other organisms' young may also be referred to by their names. In everyday speech, an infant that is only a few hours, days, or even a few weeks old is referred to as a newborn. There is a wide variety of healthy sizes for newborns.
Most newborns weighing between 5 pounds, 8 ounces (2,500 grams), and 8 pounds, 13 ounces (4,000 grams) are delivered between 37 and 40 weeks of pregnancy. Typically, newborns who weigh more or less than the typical baby are OK.
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when an individual is planning to protect his family with life insurance what method of doing so is called
Needs analysis is a technique used by people who want to safeguard their families with life insurance.
According to the family needs method, you must get adequate life insurance to cover your family's varied costs in the case of your passing. You categorise your family's requirements into three groups according to the family needs approach: At death, there are immediate necessities (cash for burial and other costs).
The main goal of life insurance is to give financial support to dependents in the event of an insured person's early passing. When the insured person passes away, the insurance pays a predetermined sum known as a "death benefit" to the designated beneficiary. a quick and straightforward method for determining how much life insurance you require.
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The method used to protect a family with life insurance is called policy purchasing. It involves evaluating financial needs, determining the level of coverage, and selecting an insurance type.
Explanation:When an individual is planning to protect their family with life insurance, the method they might use is called policy purchasing. Buying a life insurance policy involves carefully evaluating the financial needs of the family, determining the appropriate amount of coverage, and selecting the right type of insurance, whether it be term, whole, or universal life insurance. When the individual passes away, the policy is then paid out to the beneficiaries to help them financially cope with the loss.
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production, economic growth, and trade: around the world the construction of an iron bridge in the town of ironbridge provided an improvement in technology. modify the graph to reflect this change, then answer the question that follows. town of ironbridge ppf capital goods consumption goods ppf the town of ironbridge experiences constant opportunity costs. decreasing opportunity costs. increasing opportunity costs.
The magnitude of the productivity improvement, and the specific goods being produced.
Why will be town of ironbridge ppf capital goods consumption goods ppf the town?The construction of an iron bridge in the town of Ironbridge might affect the production possibilities frontier ([tex]PPF[/tex]) for capital goods and consumption goods.
The construction of an iron bridge in the town of Ironbridge could represent an improvement in technology or infrastructure. This could lead to an increase in productivity, allowing the town to produce more capital goods and/or consumption goods with the same amount of resources. As a result, the [tex]PPF[/tex] for both capital goods and consumption goods could shift outward, indicating that the town can now produce more of both types of goods.
If the [tex]PPF[/tex] shifts outward equally for both capital goods and consumption goods, then the opportunity costs would remain constant. If the [tex]PPF[/tex] for capital goods shifts outward more than the [tex]PPF[/tex]for consumption goods, then the opportunity cost of producing capital goods decreases, while the opportunity cost of producing consumption goods increases. Conversely, if the [tex]PPF[/tex] for consumption goods shifts outward more than the [tex]PPF[/tex] for capital goods, then the opportunity cost of producing consumption goods decreases, while the opportunity cost of producing capital goods increases.
Ultimately, the specific effects of the construction of an iron bridge on the [tex]PPF[/tex] for capital goods and consumption goods in the town of Ironbridge would depend on a variety of factors, including the initial position of the [tex]PPF[/tex].
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a) you want a seat on the board of directors of zeph. inc. the company has 225,000 shares of stock outstanding and the stock sells for $66 per share. there are currently three seats up for election. if the company uses cumulative voting, how much will it cost to guarantee that you will be elected to the board? b) home corporation has interest-bearing debt with a market value of $69.5 million. the company also has 2.6 million shares that sell for $25 per share. what is the debt-equity ratio for this company based on market values?
A. The cost would be 75,001 shares x $66 per share = $4,950,066. B. the debt-equity ratio is 69.5/65 = 1.07.
a) To guarantee a seat on the board, you would need to obtain one-third of the total votes plus one vote. With cumulative voting, you can multiply your shares by the number of seats available (in this case, three) to increase your voting power. So, to ensure your election, you would need to own 225,000/3 + 1 = 75,001 shares. The cost would be 75,001 shares x $66 per share = $4,950,066.
b) The debt-equity ratio is calculated by dividing the market value of interest-bearing debt by the market value of equity. In this case, the market value of interest-bearing debt is given as $69.5 million. The market value of equity is 2.6 million shares x $25 per share = $65 million. Therefore, the debt-equity ratio is 69.5/65 = 1.07.
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In a print ad, the _____ is a link between the headline and the sales ideas presented in the text.
A. demonstration
B. close
C. pasteup
D. lead-in paragraph
E. hook
In a print ad, the lead-in paragraph is a link between the headline and the sales ideas presented in the text. Option D is correct.
The lead-in paragraph is a short paragraph that follows the headline and is designed to draw the reader into the ad and provide context for the sales message. It often includes a subheadline or a sentence that expands on the promise made in the headline and sets up the body copy.
The lead-in paragraph should be compelling and engaging, encouraging the reader to continue reading and learn more about the product or service being advertised. It serves as a bridge between the headline and the body copy, helping to create a cohesive and effective ad campaign.
Therefore, option D is correct.
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baby doe's, a designer and manufacturer of children's clothing, has decided to purchase a retail chain specializing in children's clothing. this purchase is a(n): a. horizontal acquisition. b. merger. c. vertical acquisition. d. unrelated acquisition.
The purchase is a c. vertical acquisition.
Based on the given information, the purchase of a retail chain specializing in children's clothing by Baby Doe's, a designer and manufacturer of children's clothing, would be considered a vertical acquisition.
A vertical acquisition refers to the acquisition of a company that operates in a different stage of the supply chain or distribution channel. In this case, Baby Doe's is acquiring a retail chain, which is a downstream component of the supply chain for their products.
This acquisition allows Baby Doe's to integrate their manufacturing and design operations with the retail distribution channel, gaining more control over the entire value chain and enhancing their market presence.
Therefore, the correct answer is c. vertical acquisition.
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which statement best reflects an evaluation of monopoly firms? consumers are given more choices, lower costs, and higher quality. they have little or no market power. competition should replace all monopolies. they are economically inefficient.
The statement "they are economically inefficient" best reflects an evaluation of monopoly firms. Option D is correct.
This is because monopolies have the ability to set higher prices and reduce output, which results in lower consumer surplus and deadweight loss. Monopolies also do not have any incentive to innovate or improve their products since they have no competition.
This ultimately leads to less efficiency in the market. However, it is important to note that breaking up a monopoly and replacing it with competition may lead to lower costs, higher quality, and more choices for consumers.
Therefore, option D. they are economically inefficient is correct.
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the process of choosing whom to hire from a pool of qualified candidates is called __________.
Recruitment is the process of searching for and attracting potential candidates for a job or position.
More specifically, the process of choosing whom to hire from a pool of qualified candidates is called "selection." Selection involves evaluating the qualifications, skills, and experience of each candidate to determine who is the best fit for the position. This process typically includes a series of interviews, assessments, and reference checks to gain a detailed explanation of each candidate's abilities and suitability for the role.
Selection is a crucial step in the recruitment process, as it involves assessing and evaluating the qualifications, skills, and experience of various candidates to determine the best fit for the job position.
The selection process typically involves several stages, such as reviewing resumes and applications, conducting interview, evaluating test results, checking references, and finally making a hiring decision. Throughout this process, employers aim to find the most suitable candidate who can effectively contribute to the company's goals and objectives.
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question 6 options: daily demand for a product is 100 units with a standard deviation of 5 units. the review period is 14 days and the lead time is 4 days. management has set a policy of satisfying 99% of demand from items in stock. at the beginning of the review period, there are 10 units in inventory. use the fixed-time period model to determine how many units to order. round your answer to the nearest whole number of units.
To satisfy 99% demand, order 413 units (round up) using the fixed-time period model.
To calculate the number of units to order using the fixed-time period model, we need to consider the demand during the review period and the lead time.
The demand during the review period can be calculated by multiplying the daily demand by the review period, which gives us 100 x 14 = 1400 units. The standard deviation of the demand during the review period is calculated by multiplying the standard deviation of the daily demand by the square root of the review period, which gives us 5 x sqrt(14) = 20.74 units.
To satisfy 99% of demand from items in stock, we need to set the reorder point at the 99th percentile of the demand distribution during the lead time.
The demand during the lead time can be calculated by multiplying the daily demand by the lead time, which gives us 100 x 4 = 400 units.
The standard deviation of the demand during the lead time is calculated by multiplying the standard deviation of the daily demand by the square root of the lead time, which gives us 5 x sqrt(4) = 10 units.
The demand distribution during the lead time is normally distributed with a mean of 400 units and a standard deviation of 10 units.
To find the 99th percentile of the demand distribution during the lead time, we can use a standard normal distribution table or a calculator. The 99th percentile corresponds to a z-score of 2.33.
Therefore, the reorder point is 400 + 2.33 x 10 = 423.3 units, rounded up to the nearest whole number.
Since we have 10 units in inventory at the beginning of the review period and we need to order enough units to bring the inventory level up to the reorder point, we need to order 423 - 10 = 413 units.
Therefore, we should order 413 units to satisfy 99% of demand from items in stock using the fixed-time period model.
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Why is it important to have your career goals in mind as you choose electives for highschool?
It is important to have your career goals in mind as you choose electives for high school so that one can take good decisions towards what career a person is interested in and try to do the best in it.
The courses children take in high school can have a big impact on your future career prospects, so it's important to keep your career goals in mind as you select electives.
By picking electives that support your career objectives, you can advance in your field of choice. Electives in economics, accounting, and marketing can help you gain the knowledge and abilities necessary to be successful in the business world if you are interested in pursuing a career in this area.
You can also show prospective employers or universities that you are committed to your chosen career path and have made the necessary preparations for it by selecting electives that are pertinent to your career goals.
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true or false: it is possible that the monopolist will price discriminate even though doing so is not socially desired, because the monopolist has a greater incentive to price discriminate than the social planner would allow.
True. A monopolist has a greater incentive to price discriminate because it allows them to increase their profits by charging different prices to different groups of consumers based on their willingness to pay.
However, this may not be socially desirable because it can lead to a misallocation of resources and a reduction in consumer surplus. The social planner, on the other hand, would aim to maximize social welfare by ensuring that resources are allocated efficiently and consumers are able to obtain goods and services at a fair price. Therefore, the monopolist may choose to price discriminate even if it is not socially desirable, as long as it leads to an increase in profits. However, this can be regulated through government intervention such as antitrust laws or price regulation. In some cases, it may also be possible for the social planner to design policies that encourage the monopolist to behave in a socially desirable manner, such as offering subsidies for low-income consumers or imposing penalties for discriminatory pricing practices.
Ultimately, the decision to price discriminate is a strategic one for the monopolist and the social implications of this strategy depend on the context and the regulatory framework in place.
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__________ is used to describe the interdependence among elements of the global economy.
The term globalization is commonly used to describe the interdependence among elements of the global economy.
Globalization is a term used to describe the increasing interconnectedness and interdependence among countries and their economies. It refers to the process of increased integration and exchange of goods, services, capital, and information across national borders.
Nationalization, on the other hand, refers to the process of bringing private property or assets under government control, while industrialism is a term used to describe the development and growth of industries within a country. Internationalism refers to the idea of cooperation and coordination between nations on political, economic, and social issues.
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an effective price floor in the market for good x will create ________ in that market.
An effective price floor in the market for good X will create a surplus in that market.
Any location where two or more people can come together to conduct an economic transaction, even one that doesn't require legal cash, is referred to as a market. A market transaction can entail the transfer of commodities, services, information, money, or any number of these to another party.
By trading shares of stock, the stock market assists businesses in raising money to support their operations and builds and maintains wealth for the investors themselves. Companies offer ownership holdings to investors in order to raise capital on the stock market.
This is because the effective price floor sets a minimum price above the equilibrium price, leading to a higher quantity supplied than the quantity demanded.
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6a. what is the term generally used for employees sent by a ...what is the term generally used for employees sent by a company in one country to manage operations in a different country?multiple choiceparent-country nationalsthird-country nationalsexpatriatesimmigrantshost-country nationals
The term generally used for employees sent by a company in one country to manage operations in a different country is expatriates. Option C nationals expatriates.
Expatriates are usually selected based on their skills, expertise, and experience to manage operations in the host country. They may be sent to establish new operations, manage existing ones, or transfer knowledge and skills to local employees. Expatriates are expected to adapt to the culture and norms of the host country and work collaboratively with local employees to achieve the company's goals.
Expatriate assignments can be challenging as they involve adapting to a new culture, language, and work environment. Companies need to provide adequate support to expatriates to ensure their well-being and help them adjust to their new surroundings. This may include providing language training, cultural orientation, and housing assistance.
In summary, the term generally used for employees sent by a company in one country to manage operations in a different country is expatriates. They play a critical role in ensuring the success of international operations and require adequate support from their company to thrive in their new environment. Option C is correct.
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if real gdp rises while nominal gdp falls, then prices on average have: stayed the same. fallen. decreased and then been offset by an equal increase. risen.
real GDP measures economic output adjusted for inflation, while nominal GDP measures economic output at current market prices. Therefore, if real GDP rises while nominal GDP falls, it means that prices have decreased.
the increase in real GDP indicates that the economy is producing more goods and services. However, if nominal GDP is falling, it means that the prices of those goods and services are also falling. This can be caused by a decrease in demand or an increase in supply, which results in lower prices. the relationship between real and nominal GDP can provide insights into the overall health of an economy and the direction of prices. In the case of real GDP rising while nominal GDP falls, it suggests that prices have fallen on average. In the given scenario, the average prices have fallen as real GDP rises and nominal GDP falls.
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only about ________ percent of a typical business' inventory turns over quickly.
Only about 20 to 30 percent of a typical business' inventory turns over quickly. This means that the majority of inventory items remain on the shelves for a longer period of time.
A business' inventory is the collection of goods and materials that it holds for sale, and it can be a significant investment for the company. A slow-moving inventory can tie up a lot of cash and take up valuable storage space, so it's important for businesses to manage their inventory levels carefully. A high turnover rate can indicate that a business is doing well and that its products are in high demand. On the other hand, a low turnover rate could be a sign that a business is overstocked, has outdated products, or is facing weak demand.
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Ostnor’s Offshoring and Reshoring case study.
Prepare a two-page analysis of each.
Present as one assignment, using APA Title for each case.
In addition to the case you are analyzing, use two sources of evidence per case analysis. Use sources from peer-reviewed academic journals or professional journals. Sources should be less than 5 years since publication.
Introduce the case, providing context.
Discuss the scenario and problem.
Integrate responses to the questions posed at the end of each case in Peng’s text, applying relevant models and theories.
Propose an additional question that you would ask as a result of the research you conducted preparing each case analysis.
Ostnor's Offshoring Case Study This case study explores the decision made by Ostnor, a Norwegian firm, to offshore its production of air-cooled engines to China.
The case is set in the context of a rapidly changing global economy, where firms are increasingly looking to offshore production to reduce costs and increase profits. Ostnor's decision to offshore was motivated by a desire to remain competitive in the global market, and the company was confident that its decision would not result in any significant losses. In this case study, we will analyze the case and consider the relevant models and theories in order to understand the rationale behind Ostnor’s decision to offshore its production. We will also answer the questions posed at the end of the case, as well as propose an additional question for further exploration.
Ostnor's Reshoring Case Study
This case study examines the decision by Ostnor, a Norwegian firm, to reshore its production of air-cooled engines from China back to Norway. This case is set in the context of a rapidly changing global economy, where firms are increasingly looking to reshore production to reduce costs and increase profits. Ostnor's decision to reshore was motivated by a desire to remain competitive in the
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Indirect Cost is 7,000 Php Activity Cost Per Day to Normal Time Crash Time Crash A 6 5 6,900.00 B 8 6 6,000.00 C 7 5 LO 6,000.00 D 12 8 6,000.00 E 7 4 6,000.00 F 3 1 6,000.00 • A is the starting activity • B and D follows A and precedes F • C cannot start until A is finished • E follows C and precedes F • Fis an ending activity How many days can the project be crashed?
The project can be crashed for a minimum of 22 days.
To determine the minimum project duration, we need to find the critical path. Based on the given data, the critical path is A-B-D-F with a duration of 26 days. By crashing activities B, D, and E to their crash time, we can reduce the project duration to 22 days. However, activity C cannot be crashed, so it remains at normal time duration.
Therefore, the project can be crashed to a minimum of 22 days by crashing activities B, D, and E to their crash time.
To find the minimum project duration, we need to identify the critical path, which is the longest sequence of activities that determine the project duration. In this case, the critical path is A-B-D-F with a duration of 26 days.
To crash the project, we need to identify the activities that have the most impact on the project duration and crash them to their crash time. Activities B, D, and E can be crashed to reduce the project duration from 26 days to 22 days. However, activity C cannot be crashed, so it remains at its normal time duration of 7 days.
Therefore, the project can be crashed to a minimum of 22 days by crashing activities B, D, and E to their crash time.
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A pitfall(s) to watch for and avoid in strategic planning, as listed in the chapter, is:A.using strategic planning to gain control over decisions and resources.B.doing strategic planning only to satisfy accreditation or regulatory requirements.C.failing to communicate the plan to employees, who continue working in the dark.D.All of the aboveE.A & B above
Using strategic planning to gain control over decisions and resources, doing strategic planning only to satisfy accreditation or regulatory requirements. and failing to communicate the plan to employees, who continue working in the dark are pitfalls to watch for and avoid in strategic planning. Option D. All of the above is correct.
Using strategic planning to gain control over decisions and resources can lead to a lack of collaboration and engagement from other stakeholders, which may hinder the success of the plan.
Doing strategic planning only to satisfy accreditation or regulatory requirements may result in a superficial plan that lacks a true commitment to achieving the organization's goals.
Failing to communicate the plan to employees, who continue working in the dark, can result in a lack of buy-in and misaligned actions, which can undermine the success of the strategic plan.
Therefore, option D is correct.
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