Aristotle called competence "practical wisdom" because it includes what two elements?
Effective self-presentation and compelling emotional appeals
Spiritual guidance and hard work
The knowledge to know what to do but also the wisdom and judgement to do it
Formal certifications and official titles

To construct the profit function stated in terms of x, the number of units produced and sold,

we need to consider the total cost and total revenue.To construct the profit function, we need to consider the revenue and cost components.Revenue:

The revenue per unit is $65, and the number of units produced and sold is denoted as x. Therefore, the revenue can be expressed as:

Revenue = $65 * xCost:

The variable cost per unit includes both material and labor costs. The total variable cost per unit is $20 + $27.50 = $47.50. The total variable cost for x units can be calculated as:

Total Variable Cost = $47.50 * xThe annual fixed cost is $100,000 and is independent of the number of units produced and sold.Profit Function:

Profit = Revenue - Total Variable Cost - Fixed Cost

Profit = ($65 * x) - ($47.50 * x) - $100,000

Simplifying the equation:

Profit = $17.50 * x - $100,000

Now, let's calculate the profit when annual sales are 20,000 units:

Profit = $17.50 * 20,000 - $100,000

Profit = $350,000 - $100,000

Profit = $250,000

Therefore, if annual sales are 20,000 units, the firm would earn a profit of $250,000.

learn more about construct here :

https://brainly.com/question/791518

#SPJ11

Answer & Explanation: Aging workforce refers to the part of working individuals that has reached a certain age and beyond often 40 years and above.

Having more aging workforce is HARMFUL for economic growth. This is so because an aging workforce will lead to a decline in labour participation rate due to the retirement age for kost countries. This will also lead to an increase in social security tax and eventually a decline in productivity.

Cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.

Cost-benefit analysis can be used to assess the costs and benefits of interventions when both are expressed in monetary terms.

Concept symbol Cost-benefit analyses (CBA) and CEA consider health outcomes.

The net present value (NPV), economic rate of return (ERR), and benefit-cost ratio are three suggestive criteria that can be used in a cost-benefit analysis to determine the economic sustainability of a safer school IPF before the project is implemented.

Cost-benefit analysis has been employed as one technique.

This makes an attempt to evaluate and analyze the discounted streams of future benefits and future costs connected with a proposed project in terms of money, much like the forces of the market do for business initiatives.

Therefore, cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.

Know more about the cost-benefit analysis here:

brainly.com/question/199821

SPJ4

Acquiring and maintaining professional competencies involves a combination of continuous learning, practical experience, and ongoing professional development.

Acquiring and maintaining professional competencies requires a proactive approach toward learning and skill development. One can start by pursuing formal education or training programs that provide a strong foundation in the desired field. These programs help individuals gain knowledge, theoretical understanding, and practical skills related to their profession.

In addition to formal education, practical experience is crucial for developing professional competencies. Engaging in internships, apprenticeships, or entry-level positions allows individuals to apply their knowledge in real-world scenarios, gain hands-on experience, and learn from professionals in the field. Practical experience helps individuals develop specific skills, problem-solving abilities, and adaptability.

Continuous learning and staying updated with industry trends and advancements are essential for maintaining professional competencies. This can be achieved through various means, such as attending workshops, conferences, seminars, or participating in online courses. Additionally, reading industry publications, and research papers, and staying connected with professional networks can provide valuable insights and opportunities for growth.

Furthermore, seeking feedback and mentorship from experienced professionals, engaging in collaborative projects, and taking on challenging assignments can contribute to acquiring and refining professional competencies. It is important to embrace a growth mindset and actively seek opportunities for development throughout one's career journey.

Learn more about skill development at:

https://brainly.com/question/33129442

#SPJ11

Answer: The correct answer is A i.e. Without research data to base decisions on , marketers are just guessing .

Explanation: Market research involves gathering data to learn more about target demographics and consumers so a business can market itself more effectively and, ultimately, succeed in the market.

Harper is an assistant professor of practice in the area of marketing & supply chain. According to him research plays a very important role , without doing proper or required research marketers are just assuming which might prove to be very dangerous in future .  

An emergency succession plan should be in place in the event an employee or leader needs to be replaced.

An emergency succession plan is installed in place when a key leader wishes to be replaced unexpectedly. a long-term succession plan, however, allows the enterprise to account for expected adjustments in management.

Alternative planning is the method of identifying brief-term and lengthy-term emergency backups to fill crucial positions or to take the area of important people. quick-time period replacement making plans makes a specialty of finding backups at the same time as an important character is out for a brief time, which includes on an excursion or out unwell.

The reason for succession making plans is to ensure a business enterprise usually has the right leaders in location have to an alternate take place fast. by using failing to create an orderly plan for succession, your corporation won't get a 2nd risk if it doesn't adapt right now after a key participant leaves the corporation or passes away.

Learn more about succession plan here: https://brainly.com/question/16811187

#SPJ4

Melanie is utilizing the TQM (Total Quality Management) element of Option C. Continuous improvement.

Continuous improvement is a key aspect of TQM, which involves an ongoing effort to enhance the quality of products or services offered by a business. In Melanie's case, her aim is to gradually decrease the number of pest-infected apples over time, moving from a ten percent reduction in the current season to an eight percent reduction in the next season, and eventually achieving a goal of two percent reduction.

Continuous improvement involves several steps, including identifying areas for improvement, developing strategies to address them, implementing those strategies, and monitoring progress. In Melanie's case, she has identified the issue of pest-infected apples and is developing strategies to reduce their occurrence. By tracking progress over time, she can assess the effectiveness of her efforts and make further adjustments as needed.

By utilizing the continuous improvement element of TQM, Melanie is demonstrating a commitment to providing high-quality apples that are free from pests. This approach can lead to increased customer satisfaction and loyalty, as well as improved profitability over time. By continually seeking to improve her processes and reduce pest-infected apples, Melanie is setting herself up for success in the highly competitive apple-growing industry. Therefore, the correct option is C.

Know more about TQM (Total Quality Management) here:

https://brainly.com/question/27739873

#SPJ11

The given statement "the variability of a well-diversified portfolio mainly reflects the variances of the securities within the portfolio." is false because it does not solely reflect the variances of the securities.

The variability of a well-diversified portfolio does not solely reflect the variances of the securities within the portfolio. When constructing a diversified portfolio, the goal is to reduce risk by combining assets that have low correlations with each other. By doing so, the portfolio becomes less sensitive to the individual fluctuations of each security.

Diversification helps to mitigate the unsystematic or idiosyncratic risk associated with specific securities. Unsystematic risk refers to the risk that is unique to individual securities and can be reduced through diversification. By combining different securities with varying risk and return profiles, the overall portfolio volatility can be lowered.

The variability of a well-diversified portfolio is influenced by both the individual variances of the securities within the portfolio and the correlations among them. Correlations measure the relationship between the price movements of different securities.

By including assets that are not perfectly correlated, the portfolio can achieve a reduction in overall volatility. Therefore, the variability of a well-diversified portfolio reflects not only the variances of the securities but also the diversification benefits obtained through correlation.

To learn more about portfolio click on,

https://brainly.com/question/31797853

#SPJ4

Answer:

First, department heads should be modeling cross-departmental collaboration by regularly and visibly engaging with each other – and with each other’s teams. If they notice that their department is becoming too isolated or is hesitant to collaborate with others, these leaders should be the first to start building bridges, and not just directing others to do so. Second, you need a mechanism in place to effectively collect employee feedback, in a way that makes employees feel safe from any negative consequences for speaking up.

Explanation:

Hope this helped! :)

General and legal and political environment

Answer:

Production management helps the firm to achieve its sales and business objectives by producing goods and services

Explanation:

Production management helps the firm to achieve its sales and business objectives by producing goods and services that meet the need of consumers. Sales and profit will increase if the product produced satisfies the customers' needs.

Answer:

Reduces Manufacturing Cost – By maximizing outputs while minimizing inputs, production management lowers the cost required to produce finished products. This can be used to improve profit margin, or it may be passed onto the customer to ensure a competitive advantage.

Based on the cashflows from each investment, the investment that should be chosen based on the payback period is Investment B.

This can be found as:

= Investment / Annual cash inflow

= 15,000 / 5,000

= 3 years

= Year before payback + Amount left to be paid / Cash inflow in year of payback

= 2 + (15,000 - 8,000 - 6,000) / 4,000

= 2 + 1,000 / 4,000

= 2.25 years

The company should pick Investment B as it pays back sooner than Investment A.

Find out more on Payback period at https://brainly.com/question/23149718.

#SPJ4

Answer:

annual depreciation = (purchase price - salvage value) / useful life.

Answer:

Explanation:

The following would be a good way to end an interview.

It has been very interesting learning how the company works and the different tasks involved with the position. I would be very excited to get a chance to contribute to the team. Is there any other additional information or documentation that you will need from me? If so I would be glad to get it for you for our next meeting.

This ending would show your interest in the job and courteously set up further interactions.

Answer:

A

Explanation:

Answer:

By controlling the market the producer has access to. And competing for lower costs.

Explanation:

Answer:

Productive workers save businesses time and money.

Explanation:

Productive workers save businesses time and money - this statement best summarizes why productivity of workers is important to businesses.

Productivity stands for the efficiency of the production of goods or services represented by some measure. Employee productivity exists as an estimation of an employee's or a group of employees' efficiency.

Employee productivity exists essential regardless of the industry your business operates in or its size. Productivity directs to better customer service, a healthful work environment, and satisfied employees. Improved productivity also improves output, or production, usually for the exact amount of work or less.

The correct answer is option A.

Learn more about productivity of workers, refer:

https://brainly.com/question/16981427

#SPJ2

The final step of the product improvement system is that commercialization.

Based totally on the information collected at some stage in the check marketing technique, the business control might also either determine to go in advance with the release of the product or positioned it at the backburner.

5 levels guide the brand-new product improvement system for small groups: idea era, screening, idea development, product improvement and, finally, commercialization.

The brand new product improvement method is in 6 steps. New product development is the manner of bringing an authentic product idea to market.

Although it differs through enterprise, it can basically be broken down into six stages: ideation, studies, planning, prototyping, sourcing, and costing.

Learn more about commercialization here: https://brainly.com/question/1432446

#SPJ4

1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.  

Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.

2. The real return on my investment in Amazon.com Inc was a net loss of  7.12% or $667.60.

3. The company I selected to buy its stock three years ago was Amazon.com Inc.

4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.

5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.

6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.

Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.

The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).

Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)

Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)

Tax (10%) = $1,024.40 ($10,244 x 10%)

Inflation (3%) = $307.32 ($10,244 x 3%)

Administration fee on sales (2%) = $204.88 ($10,244 x 2%)

Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)

Loss on returns = $667.60 ($8,707.40 - $9,375)

Loss percentage = 7.12% ($667.60/$9,375 x 100)

Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.

Learn more about stock investment at https://brainly.com/question/25818989

#SPJ1

If the cross elasticity of demand for good A with respect to good B is 2.3, then good A is a substitute for good B.

Cross elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. If the cross elasticity of demand for two goods is positive, it means that they are substitutes for each other, i.e., if the price of one good increases, the demand for the other good will increase. In this case, since the cross elasticity of demand for good A with respect to good B is 2.3, it means that a 1% increase in the price of good B will result in a 2.3% increase in the quantity demanded of good A. Therefore, good A is a substitute for good B.

Learn more about cross elasticity here:

https://brainly.com/question/28206393

#SPJ11

Based on the information provided, it is not the clear type of corporation Sushma owns. The location of incorporation does not necessarily dictate the type of corporation.

A corporation is a type of structure that is owned by its shareholders and operates as a separate legal entity from its owners. The corporation can engage in various activities, such as buying and selling goods or services, making investments, and entering into contracts. The shareholders of a corporation have limited liability, which means that their personal assets are protected from the debts and liabilities of the corporation.

The corporation must also appoint a board of directors, who are responsible for managing the affairs of the corporation. Corporations are often seen as advantageous for large businesses because they allow for easier access to capital and provide limited liability protection for shareholders. However, corporations are subject to greater regulatory oversight and are required to adhere to more stringent financial reporting requirements compared to other business structures such as sole proprietorships or partnerships.

To learn more about Corporation visit here:

brainly.com/question/28097453

#SPJ4

The value of a one-year futures contract on the S&P 500 index is 969.

To calculate the value of a one-year futures contract on the S&P 500 index, we need to use the formula:
Futures price = Spot price x (1 + risk-free interest rate - dividend yield) ^ time to maturity
Here, the spot price is given as 950. The prospective dividend yield on S&P 500 stocks is 3 percent, and assuming that all dividend payments occur at the end of the year, we can use this as the dividend yield. The risk-free interest rate is 5 percent.
The time to maturity for a one-year futures contract is 1 year.
Substituting these values into the formula, we get:
Futures price = 950 x (1 + 0.05 - 0.03) ^ 1
Futures price = 950 x 1.02
Futures price = 969
Therefore, the value of a one-year futures contract on the S&P 500 index is 969.

To know more about S&P 500 index visit:

https://brainly.com/question/30024368

#SPJ11

The record of the entry to close out the revenue accounts will be as debit sales revenue (525,000), debit other revenue (57,000), and Credit Retained (582,000).

Revenue accounts' debit entries cover sales-related allowances, discounts, and refunds. Credits boost the balance while debits lower the net revenue in revenue-type accounts via the returns, discounts, and allowance accounts. ADVANCE KNOWLEDGE.

Debit entries indicate a decline in the revenue accounts in the income statement, whereas credits indicate an increase in the account. The foundation of double-entry accounting is the idea of debits and offsetting credits.

Retention Credit is the sum indicated in the applicable Participant's Retention Agreement that will be credited to the Participant's Retention Account as a "Deferred Compensation Account" (as that term is defined in the applicable Retention Agreement).

Businesses that kept paying staff while closed due to the COVID-19 epidemic or saw severe drops in gross receipts from March 13, 2020, to December 31, 2021, are eligible for the Employee Retention Credit (ERC), a refundable tax credit.

To learn more about Employee Retention Credit, click here:

https://brainly.com/question/30626051

#SPJ4

NOTE: The question given on the portal is incomplete. Here's the complete question:

QUESTION: The adjusted trial balance of Arctic Corporation at December 31 shows that sales revenue for the year was $ 525,000 and other revenue was $ 57,000. Cost of goods sold for that same period was $ 265,000​, while other expenses totaled $ 195,000. The corporation declared and paid dividends of $ 10,000 during the year. The balance of retained earnings before closing entries was $ 490,000. Record the entry to close out the revenue accounts.

The transaction does not qualify for tax deferral under section 351.

Under Section 351 of the Internal Revenue Code, the transfer of real property to a corporation in exchange for stock is tax-deferred if certain conditions are met.

One of the requirements is that the transferor receives company stock at a fair market value (FVM) equal to or greater than the fair market value (FVM) of the transferred property.

In this case, Tommy transferred ownership of a company with an NAV of $200,000 and an NAV of $300,000 and exchanged stock with an NAV of $250,000. Since the FMV of the shares received by Tommy is less than the FMV of the given property, this means that Tommy did not receive enough shares to satisfy the section 351 requirements. Therefore, the transaction is not subject to Section 351 tax deferral.

If the transaction is a taxable sale, the company's basis in the property received is equal to the $300,000 paid for it.

learn more about Internal Revenue Code: https://brainly.com/question/22924451

#SPJ4

These are the factors of production in economics:

The factor of production is resources that are what people or companies use to produce goods and services.

The factor of production in economics:

Learn more about factors of production at: https://brainly.com/question/20738491

#SPJ4

Answer:

Number 1 is Pure Market. Number two is socialist, I'm pretty sure.

Explanation:

Please mark me brainliest if someone else answers :>

Answer:

outstanding deposits, outstanding checks, posted payments on credit cards

Explanation:

Bank errors, Outstanding Deposits, Service Charges, and Outstanding checks are some reasons that a bank statement might not match the cash balance of a business's records. The correct options are B, C, D, and F.

Name, address, account number, and bank branch information are all listed on bank statements for account holders. Additionally, a summary table that displays the statement's time frame, opening and closing bank balances, deposits made to the account, refunds, and cash withdrawals is included. In addition, fines levied by your bank as well as declined or canceled payments will appear on your statements.

Differences between the two records could be the result of Deposits in transit: The firm may have received cash or cheques, but the bank may not have yet recorded them. Outstanding checks are ones that have been issued but have not yet been processed. Bank service fees: Banks frequently deduct service fees.

Thus, the ideal options are B, C, D, and F.

Learn more about Bank Statement here:

https://brainly.com/question/22786262

#SPJ2

Answer:

...price levels, the type of product or service, income levels, and the availability of any potential substitutes.