The WTO argues that by removing all tariff barriers and subsidies to agriculture, this would not occur "there would be overproduction of products that are heavily subsidized". Option B is the correct answer.
The options that describe what would occur when all tariff barriers and subsidies to agriculture are removed include;
The overall level of trade would increase.There would be overproduction of products that are heavily subsidized.Prices would fall for consumers.Global economic growth would rise.The exception, in this case, is option B which states that there would be overproduction of products that are heavily subsidized. Subsidies to agriculture are the financial support that is provided by the government to the farmers to enable them to grow more crops and livestock. The subsidies are given in the form of grants, loans, price supports, and tax credits. The subsidies help the farmers to expand their farms and increase production, and hence food security.
However, subsidies distort trade and discourage imports of the subsidized products. Therefore, option B is the correct answer.
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a company has a pension liability of $380,000,000 that it must pay in 23 years. if it can earn an annual interest rate of 3.4 percent, how much must it deposit today to fund this liability?
To calculate the amount that a company must deposit today to fund a pension liability of $380,000,000 to be paid in 23 years, at an annual interest rate of 3.4%, use the present value of an annuity formula:
Present Value of an Annuity = Payment × (1 - (1 + i)-n)/i
Where:
For this problem, we are given a pension liability of $380,000,000 to be paid in 23 years at an annual interest rate of 3.4%. Therefore, we can calculate the present value of the annuity by plugging in the given values to the formula above:
Present Value of an Annuity = $380,000,000 × (1 - (1 + 0.034)-23) / 0.034 = $158,231,157.84
Therefore, the company must deposit $158,231,157.84 today to fund the pension liability of $380,000,000 that it must pay in 23 years, at an annual interest rate of 3.4%.
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california investors recently advertised the following claim: invest your money with us at 21%, compounded annually, and we guarantee to double your money sooner than you imagine. ignoring taxes, how long would it take to double your money at a nominal rate of 21%, compounded annually? 3.6 years 9.5 years 330 years 4.8 years
It will take about 3.6 years to double your money at a nominal rate of 21%, compounded annually.
How to find out the number of years to double the money using the formula for Compound Interest (CI)?The formula for compound interest (CI) is given by:
[tex]A = P(1 + R/100)^{n}[/tex]
Where A is the total amount, P is the principal amount, R is the rate of interest, and n is the time period.
Substitute the values given in the problem,
A = 2P (as we need to double the money)
R = 21% = 21/100 = 0.21 (as the nominal rate of interest is given to be 21%)
P = P (as the principal amount is not mentioned)
The formula becomes
[tex]2P = P(1 + 0.21)^n[/tex]
This can be simplified to:
[tex]2 = (1.21)^{n}[/tex]
Taking the log of both sides we get:
[tex]n = log(2) / log(1.21)[/tex]
Now, n = 3.62
Approximately, it will take 3.6 years to double the money at a nominal rate of 21%, compounded annually.
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rachel, a new mom, is shopping for baby products. she notices that one of the manufacturers, lucy's, is offering a wide range of products such as baby shampoo, baby lotion, and baby wipes packaged together at a better price as one combined product. which of the following concepts is the company utilizing to meet customers' needs? strategic outsourcing hostage taking parallel sourcing cross-selling product bundling
The last stage of formulating a strategy is this. In reality, the optimum course of action is determined after taking organizational goals, organizational strengths, potential, and constraints into account.
Which of the following advantages of vertical integration is offered?For a corporation to have more control over its supply chain, vertical integration necessitates direct ownership of suppliers, distributors, or retail spaces. The benefits may include increased productivity, lower costs, and more control over the production or distribution process.
What is the third stage of strategy development?The Quantitative Strategic Planning Matrix is the only technique used in Stage 3. (QSPM). A QSPM employs Stage 1 input data to objectively assess workable alternative solutions found in Stage 2.
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nicholas is working with a buyer client who wants a special clause added to his purchase contract. how should nicholas handle this?
Nicholas should handle this request in a professional manner by listening to the client's needs and then explaining the process that needs to be followed. He should inform the client that any changes to the contract must be reviewed and approved by the seller and their attorney. Then, he should explain that the new clause must be written in such a way that it is legally binding and that it conforms to the applicable laws.
Finally, Nicholas should make sure that both parties understand the new clause and that all parties are in agreement with the changes.In summary, Nicholas should approach the request for a special clause in a professional manner, listening to the client's needs and then informing them of the process for adding the clause.
He should make sure the clause is legally binding and that all parties understand the changes. Lastly, he should make sure that the clause is reviewed and approved by the seller and their attorney.
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Identify the problem you are trying to solve or the information you are trying to convey, and then develop a strategy to address that need
Identify the problem you are trying to solve or the information you are trying to convey, and then develop a strategy to address that need is Purposeful.
Strategy refers to a set of actions or plans designed to achieve a specific goal or objective. It involves identifying the problem, determining the desired outcome, and outlining a series of steps or tactics to reach the goal. Strategy is an essential aspect of any organization, business, or individual seeking to achieve success. It requires a deep understanding of the internal and external environment, as well as the resources available. A well-crafted strategy enables individuals or organizations to make informed decisions, allocate resources effectively, and prioritize activities that are most critical to achieving their goals. Strategy is an ongoing process that requires continuous evaluation, adjustment, and refinement to ensure its effectiveness.
the complete question is:
Identify the problem you are trying to solve or the information you are trying to convey, and then develop a strategy to address that need.
i) Persuasive
ii) Audience oriented
iii) Purposeful
iv) Economical
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a requirement of two-resource sequencing rule is that: question 1 options: all jobs must begin at the same time. each job must be processed first on the first resource and then on the second. a maximum of two jobs can be processed at a time on each resource. total processing time must be minimized.
option B a requirement of -resource sequencing rule is that each job must be processed first on the first resource and then on the second.
the two useful resource sequencing rule requires that the jobs need to be processed thru every middle of labor inside the identical sequencea Johnson's algorithm is used for sequencing of 'n' jobs via machines. The cause is to minimise idle time on machines and decrease the entire time taken for completing all of the jobs.Johnson's Rule is: From the list of unscheduled jobs, choose the only with the shortest processing time in both work center. If the shortest time is at the first work center, do processing, do the time the job first in the time table otherwise do the task closing in the time table.
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goods that consumers demand more of when incomes increase is called ?
Goods that consumers demand more of when incomes increase are called normal goods.
These are goods that people buy more of as their incomes rise, as they have more disposable income to spend. Examples of normal goods include luxury items like jewelry, expensive cars, and high-end clothing, as well as everyday items like food, housing, and transportation.
Normal goods are typically contrasted with inferior goods, which are goods that people buy less of as their incomes rise. Inferior goods are usually lower-quality, lower-priced goods that people turn to when they can't afford better options. Examples of inferior goods include generic brands, fast food, and low-end clothing.
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which of the following asset(s) are not considered intangible assets? (check all that apply.) multiple select question. mineral deposit trademark goodwill copy machine copyright
Copy machine and Mineral deposit are not considered intangible assets amongst the following.
Option A and D are correct.
Where are assets that are intangible?An asset that is not tangible is an intangible asset. Intangible assets include goodwill, brand recognition, and intellectual property like patents, trademarks, and copyrights. In contrast to tangible assets like land, vehicles, equipment, and inventory, intangible assets are not tangible.
An immaterial resource is a recognizable non-financial resource without actual substance. A separable asset or one that is derived from contractual or other legal rights makes it identifiable. Assets that are separate can be sold, transferred, licensed, and so on.
Question incomplete:which of the following asset(s) are not considered intangible assets? (check all that apply.) multiple select question.
A. mineral deposit
B. trademark
C. goodwill
D. copy machine
E. copyright
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builtrite preferred stock pays 4.5% dividend based on a par value of 60. the stock is currently selling at 68. if you purchase the stock, what is your expected return
If you were to purchase Builtrite preferred stock, your expected return would be 6.91%.
To calculate your expected return, you need to take into account both the dividend yield and the capital gains yield.
In this case, the annual dividend payout is 4.5% of the par value of 60, which is $2.70 per share. Dividing this by the current stock price of 68 gives us a dividend yield of 3.97%.
The capital gains yield, on the other hand, is the change in the stock price over a given period of time, expressed as a percentage. If you were to purchase the stock at 68 and it were to appreciate to, say, 70 over the course of a year, the capital gains yield would be (70-68)/68 = 2.94%.
To calculate your expected return, you simply add the dividend yield and the capital gains yield together. In this case, your expected return would be 3.97% + 2.94% = 6.91%.
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extra liability coverage on top of your homeowners and auto insurance is called
Answer:Personal umbrella insurance is a type of insurance designed to add extra liability coverage over and above another insurance policy, such as auto or homeowners insurance.
Explanation:
which of the following is a limitation of activity-based costing? question 45 options: poorer management decisions less control over overhead costs more cost pools abc can be expensive to implement
The main limitation of activity-based costing (ABC) is that it can be expensive to implement.
ABC requires a detailed analysis of costs and activities, which can be costly to set up and maintain. Additionally, ABC may not accurately capture certain costs or cause management to make poorer decisions by focusing too much on activities rather than overall cost efficiency.
ABC is a method of costing in which costs are assigned to activities and activities are used to assign costs to products or services. It requires a detailed analysis of costs and activities, which can be costly to set up and maintain.
Additionally, ABC may not accurately capture certain costs or cause management to make poorer decisions by focusing too much on activities rather than overall cost efficiency. ABC can also lead to less control over overhead costs, since costs are assigned based on the activities performed.
Lastly, ABC may require the collection and analysis of a significant amount of data, which can further increase implementation costs.
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related linked firms share more resources and assets between their businesses than do related constrained firms. true false
The given statement " related linked firms share more resources and assets between their businesses than do related constrained firms" is False. Related constrained firms share lesser resources between their businesses than do related linked firms.
Related constrained firms have a high degree of operational and strategic similarity, which allows them to share resources and assets more efficiently. This can result in cost savings, economies of scale, and synergies.
In contrast, related linked firms have less operational and strategic overlap, which means they share fewer resources and assets. They often have complementary businesses, but the extent of resource and asset sharing is lower compared to related constrained firms.
These firms have diversified into unrelated industries and therefore cannot share resources and assets as effectively as related linked firms. Thus, it can be concluded that related linked firms share more resources and assets between their businesses than do related constrained firms.
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if the cost per hour to operate mine 1 decreased by $10 and the cost per hour to operate mine 2 increased by $20: would (1,3) remain optimal? what minimum cost could be realized?
There are two mines, mine 1 and mine 2, whose costs per hour to operate are decreased by $10 and increased by $20, respectively. We need to find out if point (1,3) remains optimal or not and what is the minimum cost that could be achieved by operating any of the two mines.
Suppose that the cost per hour to operate mine 1 is C1 and the cost per hour to operate mine 2 is C2. Now, as per question, the cost per hour to operate mine 1 decreased by $10. Therefore, the new cost per hour to operate mine 1 is (C1 - 10). Similarly, the cost per hour to operate mine 2 is increased by $20. Therefore, the new cost per hour to operate mine 2 is (C2 + 20).
To find out the optimal point (1,3), we need to consider the total cost function as: TC = C1 + C2. Now, the new cost function is: TC = (C1 - 10) + (C2 + 20)TC = (C1 + C2) + 10. Now, since the total cost function is a constant function (C1 + C2), the value of the total cost at point (1,3) will remain the same. Hence, point (1,3) will remain optimal.
The minimum cost can be realized at the point (1,3) itself. The cost at this point can be found by putting C1 = 1 and C2 = 3 in the original cost function, i.e., TC = C1 + C2. Therefore, the minimum cost that can be realized is: TC = 1 + 3 = 4.
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Zahid: good at empowering his employees by giving them a lot of responsibility for their work and increasingly challenging assignments.
Zahid is an exemplary leader who believes in empowering his employees by providing them with responsibility and increasingly challenging assignments.
He believes in the power of delegation to motivate his team members to be proactive, productive, and efficient.The ability to delegate work is critical in any business, and Zahid understands the importance of this practice. By delegating work to employees, he not only saves his time, but he also enhances the employee's level of engagement and commitment to the job at hand. It enables his team members to gain a greater sense of ownership, responsibility, and accountability for their work. Zahid's leadership style is geared towards creating an environment of trust, mutual respect, and open communication between him and his team members.Zahid has a clear understanding of the strengths and weaknesses of each of his employees. He uses this knowledge to assign tasks and responsibilities that play to each employee's strengths. As a result, he can keep his employees motivated, engaged, and productive.Zahid also takes time to communicate his expectations to his employees. This helps them to understand the purpose and significance of their work. It also helps them to develop a sense of purpose and meaning in their work, which leads to job satisfaction, commitment, and motivation. By giving employees challenging assignments, Zahid encourages his team members to explore their full potential and to think outside the box.To conclude, Zahid is a true leader who values his employees and understands the power of empowerment. By delegating work, providing challenging assignments, and fostering an environment of trust and open communication, he creates a team that is committed, engaged, and productive. His leadership style is one that should be emulated by anyone who aspires to be a great leader.
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What happens to the premiums for yearly renewable term insurance as an insured gets older?
A) They increase at an increasing rate.
B) They increase at a decreasing rate.
C) They decrease at a constant rate.
D) They remain level.
The premiums for yearly renewable term insurance "increase at an increasing rate" as the insured gets older. Thus, Option A is correct.
As an insured individual gets older, the likelihood of them passing away increases, which means the insurance company has a higher risk of having to pay out a death benefit. To compensate for this increased risk, the insurance company will charge higher premiums for yearly renewable term insurance as the insured gets older.
Additionally, the rate of increase in premiums tends to accelerate as the insured gets older, meaning that the cost of insurance becomes increasingly expensive over time. It's important to note that the premiums for yearly renewable term insurance are recalculated annually based on the insured's age, so the cost of insurance will increase each year as the insured ages.
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your company carries inventory at the lower of cost or market on an aggregate basis. what is the adjustment needed to record inventory at the correct amount?
The adjustment needed to record inventory at the correct amount is to ensure that the inventory is being carried at the lower of cost or market. This means that the inventory should be valued at whichever is the lower of the two values.
This is done on an aggregate basis, which means that the value of the entire inventory is compared to the cost of the entire inventory. If the market value is lower than the cost value, then the inventory is adjusted to the market value.
This helps to ensure that the company does not overvalue its inventories and that it does not report higher profits than what it actually made. The lower of cost or market method is a common accounting practice and helps to ensure accuracy in the reporting of the company's inventory and profits.
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which of the following represent reasonably possible contingent liabilities? select all that apply. multiple select question. debt guarantees potential legal claims accounts payable warranties
Debt guarantees, potential legal claims and payable warranties represent reasonably possible contingent liabilities.
Reasonably possible contingent liabilities are legal obligations that might be incurred by a company depending on the result of any unforeseen event. Companies' potential exposure to these types of obligations might range from a low probability of loss to a high probability of loss. In this regard, the following are the reasonably possible contingent liabilities:Debt guarantees are possible liabilities because when a company's debt falls short of its principal, investors and creditors may demand repayment from the business. A guarantee of such debt puts the business in a situation where it may have to pay the balance or face a lawsuit.Potential legal claims are also possible contingent liabilities. Any case against a company may result in a significant loss. It is only wise for the company to estimate the probability of such losses and include them in its financial statements.Accounts payable are also possible contingent liabilities. These represent obligations that have not been paid by the company for any goods or services received. The creditor may demand payment at any time.Warranties are possible contingent liabilities since they have a higher possibility of happening than a remote possibility. As a result, the company should set aside the necessary financial resources to deal with such warranties.Learn more contingent liabilities: https://brainly.com/question/17963028
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Answer:
debt guarantees
potential legal claims
What does a fresh, modern interior and clear sense of style LEAST affect when a
new customer walks into a salon?
(1 point)
a tone
a price point
an expectation
a standard
Option B. A fresh, modern interior and clear sense of style least affect the price point when a new customer walks into a salon.
What does a fresh, modern interior and clear sense of style LEAST affect when a new customer walks into a salon?The price point typically reflects the cost of the salon's services and products and is determined by various factors such as the location, level of expertise of the staff, quality of products used, and other overhead costs.
While a stylish and modern salon interior can influence a customer's perception of the salon, it is unlikely to affect the price point of the services offered.
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which of the following can be claimed as a tax deduction? group of answer choices in 2020, monica had gambling losses of $100 and gambling winnings of $0 john paid $100 for the meals required by his doctor recommended weight loss program tom paid $300 to advertise his illegal drug business faith paid $200 to advertise her business that illegally manufacturers counterfeit gucci purses
The following can indeed be claimed as a tax rebate: INCORRECT OPTION- In 2020, Monica had $100 in investment losses and zero in gambling gains.
Gambling losses can be subtracted, but only to the amount of gaming wins.
Monica's gaming wins are zero and her losses are one hundred dollars, hence her losses are not taxable.
WRONG CHOICE- Tom spent $300 to promote his illicit company. Illegal business costs are not deductible under section 162(c)(2).
CORRECT OPTION- John paid $100 again for food necessary by the doctor-recommended program for losing weight. Costs for a weight loss program are not deductible if they are expended to keep up a healthy diet, however they're deductible if suggested by a doctor.
WRONG CHOICE- Faith spent $200 to publicize his company, which illegally makes imitation gucci handbags.
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you own 100 shares of ibm common stock priced at $118 per share. in 2013 ibm paid qualified dividends totaling $1.73 per share. you are in the 15% federal income tax bracket and the 5% capital gains tax bracket. how much will you owe in federal income taxes for your ownership in ibm for 2013?
The amount you will owe in federal income taxes for your ownership in IBM for 2013 is $25.95.
In the given case, you own 100 shares of IBM common stock priced at $118 per share. In 2013 IBM paid qualified dividends totaling $1.73 per share. You are in the 15% federal income tax bracket and the 5% capital gains tax bracket. The amount of federal income taxes for the ownership in IBM for 2013 is as follows:
Calculate the dividend incomeFirst, we need to calculate the dividend income:
Dividend income = Dividend per share * Number of shares owned= $1.73 * 100= $173
The tax rate for the dividend income is 15%.
Hence, the amount of federal income tax for dividend income= 0.15 * $173= $25.95
Calculate the capital gain taxNext, we need to calculate the capital gain tax.
Capital gain = Selling price - Purchase price = $118 - $118= $0
The tax rate for the capital gain is 5%.
Hence, the amount of federal income tax for capital gain= 0.05 * $0= $0
Total federal income tax= $25.95 + $0= $25.95
Therefore, the amount of federal income taxes for the ownership in IBM for 2013 is $25.95.
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assume labor is the only variable input and that an additional input of labor increases total output from 20 to 23 units. if the product sells for $12 per unit in a purely competitive market, the mrp of this additional worker is
The marginal revenue product (MRP) of an additional worker is the additional revenue generated by the additional output produced by that worker.
In this case, the additional output of labor is 3 units, and the price per unit is $12, resulting in an MRP of $36. This suggests that the firm should hire the worker if the wage rate is less than $36.
The MRP of an additional worker is a useful tool for understanding the value that worker provides to the firm, and can be used to make decisions about how best to allocate labor resources. It allows firms to identify how much additional revenue is generated for each additional worker, and can be used to compare the value of different input resources.
By understanding the MRP of an additional worker, firms can make more informed decisions about how to allocate their labor resources to maximize profits.
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current information for the stellar corporation follows: beginning work in process inventory $ 35,900 ending work in process inventory 37,300 direct materials used 165,000 direct labor used 103,000 total factory overhead 81,100 stellar corporation's cost of goods manufactured for the year is:
Stellar Corporation's cost of goods manufactured for the year is $348,700.
The current information for the Stellar Corporation is as follows:
Beginning work in process inventory = $35,900
Ending work in process inventory = $37,300
Direct materials used = $165,000
Direct labor used = $103,000
Total factory overhead = $81,100
The cost of goods manufactured for the year is calculated as follows:
Cost of goods manufactured = Beginning work in process inventory + Total manufacturing costs - Ending work in process inventory
Direct materials, direct labor, and factory overhead are the three elements of total manufacturing costs. Therefore, using the above formula, we can calculate the cost of goods manufactured for Stellar Corporation for the year as shown below:
Cost of goods manufactured = $35,900 + ($165,000 + $103,000 + $81,100) - $37,300
Cost of goods manufactured = $35,900 + $349,100 - $37,300
Cost of goods manufactured = $348,700
Hence, the cost of goods manufactured for the year is $348,700.
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opportunity cost is defined as question content area bottom part 1 a. the benefit of an activity. b. the monetary expense associated with an activity. c. the total value of all alternatives that must be given up to engage in an activity. d. the highest valued alternative that must be given up to engage in an activity.
Opportunity cost is defined as question content area bottom part 1 the highest valued alternative that must be given up to engage in an activity. (D)
Opportunity cost is the cost of an activity measured in terms of the next best alternative that was not chosen. It is a way of evaluating the cost of a decision by looking at the value of the next best option.
For example, if you decide to go to a concert, the opportunity cost is the cost of the ticket plus the value of the best alternative activity you could have chosen instead, such as seeing a movie or staying at home and reading a book.
The opportunity cost of any decision is the most valuable option that you must give up in order to engage in the chosen activity.(D)
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CVP analysis is based on some _____ that may be violated in practice, but the tool is still generally useful.
CVP analysis is based on some assumptions that may be violated in practice, but the tool is still generally useful. to identify the connections between expenses, sales volume, and profits.
the cost-volume-profit (CVP) analysis. It enables managers to decide on pricing, sales, and cost control with knowledge. The CVP analysis makes the assumption that a company's cost behaviour can be split into fixed and variable costs and that overall revenues and costs can be broadly represented by linear functions. This makes it possible to determine the break-even point, or the point at which total revenues equal total costs, as well as the contribution margin, or the amount of income that may be used to pay fixed costs and boost profits. CVP analysis is a crucial tool for financial planning and strategic decision-making.
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based on this data, what is the maximum amount of additional loans this bank could provide? $6,000 $9,000 $10,000 $47,000 $50,000
The given values are $25,000, $15,000, and $20,000. Option C is the correct answer.
What is the formula to calculate the maximum amount of additional loans a bank can provide?
To find the maximum amount of additional loans this bank can provide, the formula is:
Total assets – Total liabilities = Maximum additional loans
Now let's put the given values in the formula:$25,000 + $15,000 + $20,000 = $60,000
Total liabilities = $30,000$60,000 - $30,000 = $30,000
Therefore, the maximum amount of additional loans that this bank could provide is $10,000 ($30,000 - $20,000).
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What are the potential positive impact of government in the external environment
The government can have several potential positive impacts on the external environment, including Economic growth, Infrastructure development, Trade policies.
Economic growth: Governments can stimulate economic growth through policies that encourage investment, job creation, and business expansion. This can lead to increased business activity, higher employment, and improved consumer confidence.
Infrastructure development: Governments can invest in infrastructure such as transportation, energy, and communication systems, which can improve the efficiency of business operations and increase competitiveness.
Trade policies: Governments can negotiate trade agreements and establish policies that facilitate trade between countries, leading to increased international business opportunities.
Environmental protection: Governments can establish regulations and policies that promote sustainability and protect the environment, leading to improved public health and a healthier planet.
Social welfare: Governments can provide social safety nets and support programs to vulnerable populations, reducing poverty and inequality and promoting a stable and prosperous society.
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13. cost variance (cv) is a) how much we actually spent for work completed b) how much we budgeted to spend at the beginning of the project c) how much of the budget we have left to spend on the project d) how much of the budget we really should have spent on the work completed so far e) the difference between the estimated cost and how much we have actually spent
Cost variance (CV) is the difference between the actual cost of work completed and the budgeted cost of work scheduled (BCWS) for that work. Therefore, the correct answer is (e) the difference between the estimated cost and how much we have actually spent.
CV is a common metric used in project management to measure project performance and track progress against budget. A positive CV indicates that the project is under budget, while a negative CV indicates that the project is over budget.
It's important to note that CV should not be confused with actual cost (AC), which represents the total actual cost incurred to date. While CV measures the variance between the actual cost and the budgeted cost for a specific task or project, AC represents the total actual cost of all tasks or the entire project.
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one of the disadvantages of a product layout is that it has: question 39 options: high materials handling. high work-in-progress inventory. low flexibility. low labor utilization.
One of the disadvantages of a product layout is that it has low flexibility. The answer is OPTION C
The inability of the product layout to guarantee the full utilization of all machinery is one of its drawbacks. Huge sums of money must be invested in the product layout, and there must be plenty of room for the machinery. The product arrangement will experience a lot of disruptions, such as repairs and power outages.
High expenses associated with in-process inventory can be a drawback of a product layout. With a product structure, there is little in-process inventory. 25. In cellular manufacturing, tools and machinery are categorized according to type. (e.g., all grinders are grouped into a cell). The answer is OPTION C
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which type of incentive plans are used to reward group performance? group of answer choices gainsharing piecework rates merit pay sales commissions stock ownership
To reward group performance, gains haring incentive plans are used. Gain sharing is a type of incentive plan that rewards workers for improving efficiency and reducing costs in a business. This type of incentive plan encourages team effort by providing employees with a share of the cost savings they generate.
Answer and Explanation:Gain sharing is a type of incentive plan that rewards workers for improving efficiency and reducing costs in a business. This type of incentive plan encourages team effort by providing employees with a share of the cost savings they generate. Gains haring encourages teamwork because it provides employees with a sense of ownership over their work and motivates them to work together to find ways to reduce costs and improve efficiency.Gain sharing plans often include incentives for team members to collaborate and share ideas. For example, team members may be rewarded for coming up with new ideas for reducing costs or improving efficiency, or for finding ways to work together more effectively.Gain sharing is a popular incentive plan for businesses because it provides employees with a direct financial incentive to improve their work. It also encourages teamwork and collaboration, which can lead to a more productive and efficient workplace.
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the factors of competitive advantage are quality, price, location, selection, service, speed/turnaround, convenience, getting the job done, brand status, newness, and customization. true false
The statement that lists down the factors of competitive advantage is true.
Here are the 11 factors of competitive advantage: Quality, Price, Location, Selection, Service, Speed/turnaround, Convenience, Getting the job done, Brand status, Newness, Customization.
Competitive Advantage is the aspect that helps companies to produce products or services that exceed their competitors' outcomes. Companies work on competitive advantages to enhance their position in the market and attract more customers.
In general, competitive advantage depends on different factors like price, quality, location, etc. All these factors help companies to differentiate themselves from their competitors by offering a different and unique product or service.
To learn more about competitive advantage, refer below:
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