This module is a simulation game in which players choose which contracts to pursue and change their receiving, manufacturing, and shipping divisions to optimize profit and efficiency. Forecasting help to know which contracts to chose or enforce.
What is forecasting?Forecasting is the practice of creating predictions based on evidence from the past and present. These can then be compared to what really occurs.
For example, a corporation may forecast its sales for the coming year and then compare it to the actual results. Prediction is a related but broader phrase.
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Full Question:
Module 3: Forecasting and Contracts
In this module, players choose which contracts to pursue, and optimize their receiving, production, and shipping departments accordingly
In two to three sentences, answer the following:
1. What is the most important information you need to receive a stock quote?
2. What information you can obtain from a stock quote?
The price of a stock as it is quoted on an exchange is known as a stock quote. A fundamental quote for a particular stock gives details such as the bid and ask prices, last traded price, and volume traded.
The price of a stock or equity investment that is quoted on an exchange is essentially what a stock quote is. The stock quote offers crucial data that brokers and traders can use. It contains details about the bid price and asks price, the most recent traded price, and the daily volume of trading.
A stock chart or table is a collection of data about a certain firm's stock that typically displays information on price fluctuations, the current market price, previous highs and lows, dividends, trading volume, and other business financial data.
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The following table represents the Human Resource Development (HRD) international and local trends. Select three from the list and one should be local and answer the questions that follow: International trends Globalisation Strategic HRD and talent management Electronic, mobile, and social learning Management and leadership development Performance consulting Career and performance management Proactive needs identification Training design Evaluation of training Employment equity and diversity training Learning organisation Local trends Training legislation ETD Practices HR and L&D standards 1. Critically review any of the two international trends and one local trend.(30) 2. Formulate the HRD strategy that you can apply to these trends. (15) 3. Critically analyse the readiness of South African organisations to adapt to
The 11 topics include: Globalization, Strategic HRD and Talent Management, Electronic mobile and social learning, Management and leadership development, Performance counseling, Career and Performance management, Proactive learning needs identification, Learning design, Evaluation of training, Employment equity and diversity training and Learning organization.
Globalization is companies are forced to approach their business activities with an more external focus. Strategy drives execution and that is essentially the relationship between talent management and human resources management. Talent management strategy informs and dictates the decisions and actions taken by the human resources department and its individual team members within their roles. Leadership and management development are about enabling the future governance and stewardship of the organization. Therefore organizations need to forge their own agenda, and dictate fitting values, structure, program content, measurements and processes. Performance Counseling refers to the help provided by a manager to his subordinates in objectively analyzing their performance.
The role of the HRD professional includes planning formal and. informal career development strategies, providing coaching and mentoring. training to organization leaders and employees, and selecting and obtain- ing technological resources to manage these processes. Well-designed career. Learning Design is the framework that supports learning experiences. It refers to deliberate choices about what, when, where and how to teach.
Training evaluation is the systematic process of collecting information and using that information to improve your training. DEI training supports employees in understanding how best to work with other people. A learning organization can be defined as any organization that prioritizes personal and professional growth through knowledge transfer.
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1- The Net Operating Profit after Taxes (NOPAT) using the bottom-up method is provided by:
a. operating income minus tax benefit minus taxes as reported
b. operating income plus tax benefit minus taxes as reported
c. net income plus net financial expenses minus tax benefit
The bottom-up method yields the Net Operating Profit after Taxes (NOPAT) as follows: a. the reported operating income minus the tax benefit minus the taxes .
What Is the Net Operating Profit After Tax?A financial metric known as net operating profit after taxes (NOPAT) depicts a company's core operations, net of taxes, performance. NOPAT is a more accurate measurement of operating efficiency for leveraged businesses and is frequently used in economic value added (EVA) calculations. The tax savings that numerous businesses obtain as a result of existing debt are not included in NOPAT. A company's potential cash earnings if its capitalization were unleveraged, or devoid of debt, are referred to as its net operating profit after taxes (NOPAT). There are no one-time expenses or losses included in the figure; These do not accurately reflect an organization's profitability. Even though they may have an impact on the company's bottom line that year, charges arising from a merger or acquisition may not always provide an accurate picture of the business's operations.
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Samsungs challenges associated with implementing a new AIS?
Samsung is at a disadvantage compared to its rivals because it loses concentration when it competes with too many businesses and product categories. It helped Samsung Company gain market share in numerous areas, but not much more than its competitors.
What are the challenges of Samsung company?
Overcoming a slump in the market for crucial chips. locating the upcoming big item. Ongoing legal issues. Bringing out a fresh "Samsung spirit." Finance industry globalization.
The organizational structure of Samsung has the drawback of giving the product-based divisions little autonomy. For instance, the product-based divisions must adhere to strategic orders from the company's headquarters in Seoul because of the centralised hierarchy.
In a limited way, Samsung also employs other common competitive tactics including cost leadership, differentiation emphasis, and cost focus. The firm becomes the best-cost provider in several areas for semiconductors and electronics components as a result of its cost-focused strategy.
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Corporation in Alberta and Quebec only need to file one tax?
True
False
For Alberta or Quebec, the federal government does not collect personal or business taxes. A regressive tax is the sales tax. False.
Is it possible to file taxes in two Canadian provinces?It makes no difference when it comes to filing your income taxes if you reside in one province or territory while working and paying taxes in another. On December 31 of the tax year, you must file your income tax for the province or territory where you currently reside.
Who is required to file a tax return in Quebec?Even if you were a resident of another Canadian province or territory on December 31 of a specific year for tax reasons, you can still be required to submit an income tax return in Quebec. in order to learn more.
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How is a cryptocurrency payment different from other digital transactions?
A. It uses biometric technology.
B. It requires voice recognition.
C. It does not have real-world value.
OD. It does not require a bank.
In contrast to other digital deals, Cryptocurrency is a digital payment that don't bear a bank. It's choice D.
Digital forms of money are motorized financial norms that application cryptography to get and check exchanges in an association. also, cryptography is used to manage and control the product of these currencies.
Cryptocurrencies include Ethereum and Bitcoin, among others. Cryptocurrencies may or may not be regulated, depending on the governance. Cryptocurrencies use a decentralized system to record deals and issue new units rather than having a centralized issuing or regulating authority.
Cryptocurrencies serve as both a currency and a virtual account system because they're translated. A cryptocurrency portmanteau is demanded to use cryptocurrencies.
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Suppose the government increases education spending by $30 billion. If the marginal propensity to consume is 0.82, how much will total spending increase?
The government spends $30 billion more on education. The total increase in spending is 166.8 billion dollars.
The idea that personal consumer spending rises in tandem with an increase in disposable income is measured by the marginal propensity to consume (MPC).
Expansion in absolute spending = use multiplier × expansion in schooling spending
Education spending increment =30 billion
Multiplier =1/1- marginal propensity to consume
=1/1-0.82
=1/0.18
=5.5555
=5.56(approx)
Total spending increased = 5.56 × 30 billion
=166.8 billion
Marginal Propensity to Consume goes up when consumption takes up more of the added income than it does when it takes less. Simply put, a person spends more money and saves less. Regularly, lower pay levels produce a higher MPC than higher pay levels.
MPC measures this relationship to determine the amount of increased spending for each additional dollar of income. It is significant on the grounds that it changes at various pay levels and is the most reduced for higher-pay families.
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The GDP per capita for each country is as follows:
Bangladesh: 512,580 USD / 156,594,962 people = 3.28 USD/personNorway: 5,084,190 USD / 5,084,190 people = 1,000 USD/personUnited States: 16,800,000 USD / 316,128,839 people = 53.05 USD/personLiberia: 4,294,077 USD / 1,951 people = 2,202.73 USD/personHow to explain the GDPBased on these calculations, it is clear that the quality of life in Norway is much higher than that of Bangladesh, since the GDP per capita in Norway is much higher.
The problems associated with using GDP per capita to compare the quality of life among countries are:
The estimates of GDP per capita in less-developed countries tend to have greater measurement errors than those from industrially advanced countries.
GDP per capita does not measure the income distribution within the country.
GDP is a better measure, since a country with high GDP per capita may still have low GDP.
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Which quantity represent the social optimum for this market?
Quantity that represent the social optimum for this market is Q3 (Option C)
What is social optimum quantity?The optimal amount of a public item is found when the supply (marginal cost) curve crosses the demand (marginal benefit) curve. The government employs cost-benefit analysis to determine whether or not to supply a certain product. If MB is more than MC, a public good is under allocated.
The quantity of pollution that society would choose if all of the costs and benefits of pollution were properly accounted for is known as the socially optimum quantity of pollution.
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The roots of Gogo Inflight Internet services go back to 1991, when the company, then called Aircell, developed technology for in-flight phone services. In 2006, the company made a major change in strategy when it secured a 10-year license through the Federal Communications Commission for in-flight Internet services. The majority of U.S. airlines use Gogo for in-flight Wi-Fi services.
Though Gogo offered airline passengers in-flight Internet options, the planes using air-to-ground technology still experienced significant lags and were unable to support the streaming of movies and other data-heavy applications. In 2016, Gogo announced the installation of 2Ku in an Aeromexico Boeing 737-800. Gogo’s newest technology dramatically increased speed and coverage, enabling not only streaming but also “gate-to-gate” coverage, allowing passengers to maintain seamless Internet coverage in airports and within connecting flights. As of 2019, 2Ku had been installed in over 600 aircraft, and Gogo listed a backlog of 1,400 other planes.
After raising $187 million in a June 2013 IPO, underwritten by Wall Street heavy hitters such as Morgan Stanley, JPMorgan, and UBS, Gogo hit the market at $17 per share. The price of the stock fell quickly over the following months, bottoming out at just over $10, but then recovered and hit a high of almost $33 in December. The stock has had a rocky journey, sharing in the enormous impact of the 2020 COVID-19 pandemic on the travel industry. In mid-2020, its shares were trading at an anemic $2.21.
Though Gogo saw a surge in sales with the expansion of its 2Ku network, it has seen those sales decline in a critical period when even the most robust travel-related industries are experiencing major contraction. At the end of 2019, Gogo was already running short of cash, having used up the proceeds from its 2013 public offering to invest in the 2Ku initiative and further endangering its already precarious market position. Gogo is certainly poised to be part of the packages that airlines have already begun to offer travelers in mid-2020 to tempt them back to the skies, but it’s hard to tell if Gogo will be able to recoup its losses and achieve its badly needed turnaround.
17-29. Given the risk, what would motivate an investor to purchase stock in Gogo?
Investors may be motivated to buy Gogo stock based on the company's potential for growth and profitability in the long term, taking into account factors such as demand for in-flight Wi-Fi, its established position in the industry, successful 2Ku technology, and partnerships with major airlines.
Given the risks associated with Gogo, an investor may still be motivated to purchase stock in the company based on their assessment of its long-term potential for growth and profitability. Factors that may influence an investor's decision include the potential for increased demand for in-flight Wi-Fi services, particularly as travel resumes after the COVID-19 pandemic; the company's established position as a major provider of in-flight Wi-Fi services to U.S. airlines; and the success of its 2Ku technology, which has shown significant improvement in speed and coverage over previous technology.
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Pension funds pay lifetime annuities to recipients. If a firm remains in business indefinitely, the pension obligation will resemble a perpetuity. Suppose, therefore, that you are managing a pension fund with obligations to make perpetual payments of $3.0 million per year to beneficiaries. The yield to maturity on all bonds is 20%.
Required:
a. If the duration of 5-year maturity bonds with coupon rates of 12% (paid annually) is 3.9 years and the duration of 20-year maturity bonds with coupon rates of 6% (paid annually) is 6.7 years, how much of each of these coupon bonds (in market value) will you want to hold to both fully fund and immunize your obligation? (Do not round intermediate calculations. Enter your answers in millions rounded to 5 decimal places.)
b. What will be the par value of your holdings in the 20-year coupon bond? (Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
We need to hold $12.82051 million in 5-year maturity bonds and $25.64103 million in 20-year maturity bonds to fully fund and immunize the obligation. the par value of our holdings in the 20-year coupon bond is $231,719.
To fully fund and immunize the obligation, we need to find the market value of each bond that would generate a cash flow of $3.0 million per year. Let x be the market value (in millions) of 5-year maturity bonds and y be the market value (in millions) of 20-year maturity bonds. Then we have:
0.12x + 0.06y = 3.0 (annual coupon payments)
3.9x/100 + 6.7y/100 = 0 (duration matching)
Solving these equations simultaneously, we get:
x = 12.82051
y = 25.64103
The par value of our holdings in the 20-year coupon bond can be calculated as follows:
Par value = Market value / (1 + YTM)^n
where YTM is the yield to maturity (20%) and n is the number of years to maturity (20). Substituting the values, we get:
Par value = 25.64103 / (1 + 0.20)^20
= $231,719.25
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Discussion of how business intelligence is used or could be used to support SpaceX's 3D printing process
Business intelligence (BI) can be employed to provide assistance to SpaceX's 3D printing procedure in several ways:
How business intelligence is used or could be used to support SpaceX's 3D printing processQuality regulation: BI tools could facilitate the monitoring of the quality of 3D-printed parts, recognize errors anddefects, plus detect areas for advancement. By exploring data from the 3D printing step, SpaceX may discover structures and trends that hint towards potential troubles with both the design as well as fabrication process, allowing them to take corresponding adjustments.
Cost enhancement: BI tools might be implemented to investigatethe cost of 3D printing and pinpoint sections where price savings can be accomplished. For example, by examining information concerning material usage, labor costs, and equipment efficacy, SpaceX will be able to minimize expenditures while retaining greatness.
Process streamlining: BI tools may be exploited to optimize the 3D printing method by discovering hurdles, problems, or opportunities for betterment. For example, by studying data on utilization of machines and printing rate, SpaceX will recognize openings to escalate proficiency and reduce printing time.
Predictive maintenance: BI instruments could promote surveillance of health of 3D printers and anticipate when upkeep or renovations are needed. By evaluating data regarding functioning of devices and maintenance history, SpaceX would be capable of foreseeing repair needs and arrange mending or substitution ahead of time, curtailing downtimes and heightening machine operability.
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Calculate the Marginal cost and Marginal benefit to cleaning up the waste!
Marginal Cost: 50, 100, 350, 700 (in thousands of dollars)
Marginal Benefit: 800, 500, 350, 250 (in thousands of dollars)
How to explain the marginal benefitsThe marginal cost of cleaning up from 16 million gallons to 12 million gallons is 50 - 0 = 50 thousand dollars.
The marginal cost of cleaning up from 12 million gallons to 8 million gallons is 150 - 50 = 100 thousand dollars.
The marginal cost of cleaning up from 8 million gallons to 4 million gallons is 500 - 150 = 350 thousand dollars.
The marginal cost of cleaning up from 4 million gallons to 0 gallons is 1200 - 500 = 700 thousand dollars.
The marginal benefit of cleaning up from 16 million gallons to 12 million gallons is 800 - 0 = 800 thousand dollars.
The marginal benefit of cleaning up from 12 million gallons to 8 million gallons is 1300 - 800 = 500 thousand dollars.
The marginal benefit of cleaning up from 8 million gallons to 4 million gallons is 1650 - 1300 = 350 thousand dollars.
The marginal benefit of cleaning up from 4 million gallons to 0 gallons is 1900 - 1650 = 250 thousand dollars.
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Are any e-bikes made in the USA?
Answer:
there are supposedly 3 companies that are made in the USA
What is the FOCI Mitigation:
FOCI Mitigation entails the steps taken by America's federal government to counteract foreign ownership, direction, or impact (FOCI) over US-based companies working in sensitive industries such as national defense, telecommunications, and energy.
Importance of FOCI mitigationThe necessity for FOCI mitigation is due to the potential threat to security following foreign control of those American corporations operating within the aforementioned areas; so, when a non-US business seeks to purchase an American enterprise engaged in one of these sectors, the government comprehensively examines the exchange to determine if it could lead to FOCI.
In the instance that the United States government figures out that a foreign adquisition may consequently create FOCI, they will necessitate the US company involved in the transaction to enter into a contractual agreement with the US authorities. This agreement is understood as the FOCI Mitigation Agreement.
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Assume country A has the following data: Gross Domestic Product (GDP) Factor income received abroad Factor income paid abroad Compute: i. Net factor income from abroad. ii. Gross National Product (GNP). iii. Under what circumstance will GNP be greater than GDP SEPT 2021 ¢ billion 68 2.7 1.5 CSUC 8
iii. GNP will be greater than GDP when the net factor income from abroad is positive.
How to solvei. To calculate the net factor income from abroad, we need to subtract the factor income paid abroad from the factor income received abroad.
Net factor income from abroad = Factor income received abroad - Factor income paid abroad
Net factor income from abroad = 2.7 - 1.5
Net factor income from abroad = 1.2 billion
ii. Gross National Product (GNP) is the sum of Gross Domestic Product (GDP) and net factor income from abroad.
GNP = GDP + Net factor income from abroad
GNP = 68 + 1.2
GNP = 69.2 billion
iii. GNP will be greater than GDP when the net factor income from abroad is positive.
This way that the country is earning more profit from its expenditures abroad than it is paying to offshore investors the one have investments inside the country. In such a sketch, the income earned experience will increase the GNP of the country.
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Network advertising comprises a contractual agreement across multiple TV stations to preempt airtime during specific times for advertising. A major advantage of network advertising is the simplification of the ________ process.
A major advantage of network advertising is the simplification of the media buying process.
The major advantage of network advertising is the simplification of the media buying process. With network advertising, a contractual agreement is made across multiple TV stations to preempt airtime during specific times for advertising. This simplifies the process because instead of having to negotiate with individual TV stations for airtime, advertisers can work with a network to reach a broader audience.
This can save advertisers time and money as they don't have to research individual stations and negotiate with each one separately. Additionally, network advertising often offers discounts and bonuses for advertisers who commit to a certain amount of airtime, further simplifying the process and potentially reducing costs. Overall, network advertising provides a streamlined approach to media buying for advertisers.
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In order to find Value what would I do? Would I add or subtract the shares and close? I’m confused.
On order to find the value of a particular stock in your investment portfolio, you would multiply the number of shares you own by the closing price of that stock on a given day.
How to explain the informationFor example, to find the value of your Dell stock on May 15, you would multiply 75 (shares) by 85.45 (closing price), which would give you a value of $6,408.75.
Similarly, to find the value of your Apple stock on May 16, you would multiply 75 (shares) by 49.75 (closing price), which would give you a value of $3,731.25.
Please note that the value of your entire portfolio on a given day is the sum of the values of all the stocks you own on that day.
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Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity? Continued 4. Take a case of one company or the company in which you are working, and then: Identify the outputs and inputs of the company Estimate yearly outputs and inputs identified either in value or volume Calculate single, multiple, and total factor productivity
Output divided by input is productivity. Calculate each store's labor productivity: The highest is 200 birr per work hour in Bale-Robe. We should anticipate a speculative company that creates technology.
The company's feedback data points may include labor hours, raw materials, and energy expenditures, and its outcomes may be calculated based on the number of products produced or the revenue generated from sales.
We would need to gather data on the organization's activities, such as the number of hours spent, the cost of unpolished components, and the absolute deal revenue, in order to evaluate annual sources of information and results.
The organization's single-factor efficiency (SFP) can then be calculated by dividing the outcome by a single piece of information, such as work hours or raw components.
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Which social responsibility stance below did the business owner demonstrate?
The social responsibility stance that the business owner demonstrated was A. Proactive .
What is a proactive stance ?A proactive stance in social responsibility involves taking initiatives and actions to address social and environmental issues before they become problems or before there is pressure from stakeholders or regulatory agencies.
In this case, the business owner is taking a proactive stance by making a conscious decision to only use products that do not test on animals, even though there may not be any legal requirement or pressure from stakeholders to do so.
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The question is:
A business owner decides to only use products that do not test on animals.
Which social responsibility stance below did the business owner demonstrate?
A. Proactive
B. Defensive
C. Neutral
Government Administration Workers often attend hearings with politicians in order to do which of the following?
A. take notes on points they need to researchB. analyze the speakers for any discrepancies or false informationC. give input on the general public's opinion
Write an assay describing an opportunity that you thing could be turned into a small business
In today's world, there are endless opportunities for small businesses to thrive. One such opportunity that I believe has great potential is in the field of sustainable living. With the growing concern for the environment and the need to reduce our carbon footprint, there is a high demand for eco-friendly products and services.
One possible business idea is to create a company that specializes in the production and sale of reusable, environmentally friendly products such as reusable bags, water bottles, and food containers. With the increasing awareness of the negative impact of single-use plastics on the environment, there is a high demand for reusable products that can help reduce waste.
Another opportunity could be in the field of sustainable energy. With the increasing demand for renewable energy sources, there is a growing need for companies that specialize in the production and installation of solar panels, wind turbines, and other forms of sustainable energy. This business could also offer consulting services to help homeowners and businesses reduce their energy consumption and transition to renewable energy sources.
Another potential small business opportunity is in the field of online education. With the growing demand for online learning and the increasing availability of technology, there is a need for companies that specialize in providing online courses and training programs. This business could offer courses in a variety of fields, including business, technology, and creative arts.
In conclusion, there are many opportunities for small businesses to thrive in today's world. By focusing on sustainable living, renewable energy, and online education, entrepreneurs can create businesses that not only generate profits but also make a positive impact on the environment and society.
One opportunity that I believe could be turned into a small business is a meal prep service for busy individuals and families. With many people leading busy lives and struggling to find time to cook healthy meals, a meal prep service could provide a convenient solution.
The business could offer a variety of meal options to cater to different dietary needs and preferences. Customers could place their orders online and select the meals they want for the week. The business could also offer the option for customers to customize their meals by choosing their own ingredients.
To keep costs low, the business could partner with local farms and markets to source fresh, seasonal ingredients. The meals could be prepared in a commercial kitchen and delivered to customers' homes or workplaces. The business could also offer the option for customers to pick up their meals at a designated location.
In addition to providing a convenient solution for busy individuals and families, the business could also have a positive impact on the environment. By sourcing ingredients locally and reducing food waste, the business could promote sustainability and reduce its carbon footprint.
To market the business, the company could use social media platforms and local advertising to reach potential customers. They could also partner with fitness studios and gyms to promote healthy eating habits.
Overall, a meal prep service has the potential to be a successful small business by offering a convenient and healthy solution for busy individuals and families. By focusing on quality ingredients and sustainability, the business could differentiate itself from competitors and attract a loyal customer base.
Briefly discuss the power of Occupational Safety and Health Administration (OSHA) with respect to citations and penalties.
Answer:
The Occupational Safety and Health Administration (OSHA) is responsible for enforcing health and safety regulations in the workplace. OSHA has the power to issue citations and penalties to employers who violate health and safety regulations.
If OSHA finds that an employer has violated a regulation, it can issue a citation. A citation outlines the specific regulation that was violated, and the proposed penalty. Employers have the opportunity to contest the citation and penalty, and can request an informal conference with an OSHA representative to discuss the issue.
OSHA can also issue penalties for violations. The penalty amount varies depending on the severity of the violation. Willful violations, which are the most serious, can result in penalties of up to $136,532 per violation, while serious violations can result in penalties of up to $13,653 per violation.
The power of OSHA to issue citations and penalties is an important tool for promoting workplace safety. The threat of citations and penalties can encourage employers to take safety seriously and to take steps to prevent workplace accidents and injuries.
Explanation:
I need help in dropshipping, how do you dropshipping
Gaia’s gross pay per month is $2,895. Her deductions are listed in the table.
Answer:
Net pay is obtained by deducting all expenses for the gross pay. I.e., Gross pay - deductions = net pay Gross pay = $2,895 Deductions are Federal Income Tax $324 State Income Tax $96 Social Security $126 Medicare $39 Total deductions = $585 Net pay = $2,895 - $585 Net pay =$2,310
Zeke is working on a big project at work with his colleagues. Zeke's role is considered the Co-ordinator according to Dr. Belbin's Team Roles. What is MOST likely one of Zeke's main responsibilities?
He performs quality control to make sure the finished product is perfect.
He shares his deep, expert knowledge of the main topics involved.
He brainstorms new ideas when everyone has run out of creativity.
He prepares a spreadsheet with everyone's tasks and deadlines.
D) He prepares a spreadsheet with everyone's tasks and deadlines is most likely one of Zeke's main responsibilities as a coordinator according to Dr. Belbin's Team Roles.
Here's why:
- Dr. Belbin's Team Roles identify nine different roles that people play in a team, such as coordinator, team worker, implementer, and so on.
- The coordinator is the person who clarifies goals, promotes decision-making, delegates tasks, and coordinates the team's efforts.
- Preparing a spreadsheet with everyone's tasks and deadlines is a common way for coordinators to keep track of the team's progress and ensure that everyone is on the same page.
- While quality control, expert knowledge sharing, and brainstorming are important tasks in a team, they are more likely to be performed by other team roles, such as monitor evaluator, specialist, and plant, respectively.
define complements. define substitutions. explain the diffierence and how they work
A replacement good is one that fulfils the same function for customers as another item. When two goods are eaten together, the complementary item gives value to the other.
What is the difference between substitutes and complements?
Tea and coffee are two examples of substitute items that are independent of one another and may each be used to fulfil a specific need. Contrarily, complementary items that go together to meet a certain need, like bread and butter, are depending on one another.
A product or service that consumers may quickly swap out for another is referred to as a replacement. In economics, substitute items are frequently used when the demand for one product rises as the price of the alternative product rises.
Cross price elasticity is used to establish if products are complements or substitutes; if it is positive, the products are replacements, and if it is negative, the products are complements.
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A good SCM system will deliver this key benefit:
O the right inventory is in the right place to meet anticipated demand.
O that accurate forecasts can be made.
O that goods are manufactured efficiently.
A good SCM system will deliver A.the right inventory is in the right place to meet anticipated demand.
What is Supply Chain Management ?In order to enhance their supply chain procedures, businesses employ SCM systems. This comprises the coordination of inventory levels, production timetables, and dissemination channels for idealized efficiency.
Beyond this secured apparatus towards financial conservation also comes with augmented client approval rates. Although precise forecasts and proficient manufacturing hold significant roles within SCM strategy, top priority remains set on the availability of appropriate inventories at designated locations alongside preset time-frames in order to ultimately appease consumers' necessities.
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The company has decided they needed to create a full set of budget schedules including financial statements for the first year of operations based on an assumption of constant demand of 18,000 quarterly and 72,000 for the first year (appendices B-1 through B-11). A second set of budget schedules and financial statements based on expected unit sales of 15,000 in quarter one, 25,000 in quarter two, 20,000 in quarter three, and finally 12,000 in quarter four for a total of 72,000 for the year based on a seasonal demand pattern (appendices C-1 through C-11). We expect the same quarterly sales patterns in year two meaning 18,000 units per quarter under constant demand and 15,000 units in quarter one under seasonal demand. Compare the constant demand to the seasonal demand budget. Explain the major differences in each of the budget schedules, cash budget and financial statements on both a quarterly and annual basis. Remember the beginning and ending raw material and finished goods inventory units will cause differences in the budgets but also focus on the differences between accrual and cash timing figures.
The major differences between the constant demand budget and the seasonal demand budget can be seen in the quarterly and annual budget schedules, cash budget, and financial statements.
What is budget?A budget is an estimate of income and expenditure for a specific period of time. It is typically used by individuals, families, businesses, and governments to plan how to allocate resources to meet their financial goals.
In the budget schedules, the constant demand budget produces higher sales and cost of goods sold figures on a quarterly basis, and therefore higher gross profit and higher net income figures. This is because the constant demand budget assumes 18,000 units sold each quarter, while the seasonal demand budget assumes 15,000 units in quarter one, 25,000 in quarter two, 20,000 in quarter three, and 12,000 in quarter four.
In the cash budget, the constant demand budget produces higher cash inflows from operations on a quarterly basis due to higher sales figures, and higher cash outflows from operations due to higher cost of goods sold figures. This means that the constant demand budget produces a higher net cash flow from operations on a quarterly basis.
Finally, in the financial statements, the constant demand budget produces higher figures on a quarterly and annual basis. This is due to the higher sales, cost of goods sold, gross profit, and net income figures on a quarterly basis, as well as higher current assets, current liabilities, and equity figures on an annual basis.
Overall, the constant demand budget produces higher figures on a quarterly and annual basis compared to the seasonal demand budget, due to the assumption of constant demand of 18,000 units per quarter versus the seasonal demand pattern of 15,000, 25,000, 20,000, and 12,000 units in quarters one through four.
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list and explain the 6 characteristics of money
The characteristics of money are:
durability, portability, divisibility, uniformity, limited supply, and acceptability.
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