In order to organize his team he should bring them together to work on the design as a group.
Research demonstrates that group problem-solving produces superior results. If they have a team behind them, people are more inclined to take calculated risks that result in innovation. Working in a team fosters development of the individual, improves job satisfaction, and lessens stress.A common conclusion and a shared objective are pursued by effective teams. Respect exists between team members and managers in healthy teams. In addition, team members respect one another's abilities and accomplishments. People with various strengths can cooperate when they work as a team.To know more about Team work here
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If a manager approaches ethics with benevolence (act of kindness) in mind, he or she would stress what? O a. Friendly relations with an employee. O b. Company rules and procedures O c. Economic efficiency. O d. Laws and professional codes.
If a manager approaches ethics with benevolence in mind, he or she would stress a. friendly relations with an employee.
Benevolence refers to the act of kindness, goodwill, and concern for the well-being of others. When a manager prioritizes benevolence in ethical decision-making, they emphasize fostering positive and friendly relations with employees. This includes showing empathy, compassion, and fairness in their interactions and decisions.
While company rules and procedures, economic efficiency, laws, and professional codes are important considerations in ethical decision-making, they may not necessarily align with the primary focus on benevolence. Benevolence emphasizes the human aspect of ethics, emphasising the well-being and positive treatment of individuals within the organization.
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It is time for you to schedule a dental checkup. The responsible thing to do is to _____.
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Make the appointment for during lunch time so you work can take a long lunch
Make the appointment for Friday afternoon so you only miss half a day's work
Make the appointment either before or after work in such a way that it has little or no effect on your work schedule
Answer:
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Explanation:
A restaurant customer complains to the waiter person that their meal has arrived at the table cold. After apologizing to the customer, the waiter person should:
a) remove the meal and reorder immediately
b) reheat the meal immediately
c) tell the customer that other staff are to blame
d) leave the meal on the table and reorder as soon as possible
Answer:a
Explanation:
What is the first step in the marketing research process?
Analyze results
Defining the problem
Experiment
Conduct a survey
The first step in the marketing research process is defining the problem.
Marketing research refers to the research of the market, customers, rivals, or any other aspect of the organization's market scenario in which an organization wants to establish or launch a new item, launch a new service, or acquire data to better comprehend the market surroundings. Defining the problem is the first step in the marketing research process. It's essential to define the problem because it sets the stage for everything that comes next. Defining the problem entails determining what issue or set of issues requires research. It necessitates determining the research's objective, scope, and limitations.According to the research objectives and resources available, the research budget must be decided. In this phase, the researcher must also decide how to collect data, whether to use primary or secondary data, and whether to use qualitative or quantitative data. Additionally, the researcher should determine who will conduct the research and who will be the target market.
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You've been meaning to fix those rotted boards on your porch for years. Finally, last week the deck gave way. The replacement will cost you $3,000. Will you be able to recover the cost of replacement (less your deductible) from your homeowner's insurance?
We will not be able to recover the cost of replacement (less deductible) from the homeowner's insurance policy.
What is homeowner's insurance?This is an insurance that provide cover on the insured's home's structure and belongings in the event of a destructive event such as a fire, storm, hurricane, lighting, flood etc
A natural destruction resulting from a wear and tear is not covered under the homeowner's insurance.
Therefore, you will not be able to recover the cost of replacement from the homeowner's insurance policy.
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4. A toy company currently operates for 40 hours per week and sells and average of 6,000 toys per week. The manufacturing process consist of three basic operations: molding, painting and finishing (performed in that order). Changing over between different versions of toys requires setup time at the painting and finishing. The table below lists the setup times for a batch and the processing times for each unit at each step. There is unlimited buffer space between these steps. Assume that (i) setups need to be completed first, (ii) a setup can only start once the batch has arrived at the resource, and (iii) all flow units of a batch need to be processed at the resource before any of the units of the batch can be moved to the next resource.
PROCESS STEP MOLDING PAINTING FINISHING
SETUP TIME No setup 20 mins 10 mins
PROCESSING TIME 0.3 mins/unit 0.2 mins/unit 0/15mins/unit
a. [10 points] What is the process capacity in units per hour with a batch size of 600 toys?
b. [15 points] What batch size would minimize inventory without decreasing the process capacity?
c. [15 points] What batch size would minimize inventory without decreasing the current flow rate?
a) The process capacity in units per hour with a batch size of 600 toys is approximately 1.65 units per hour. ; b) Total time required for the entire process with the current batch size of 600 = 21,810 minutes. ; c) Reduce. the batch size while keeping the overall time the same.
a. To calculate the process capacity in units per hour with a batch size of 600 toys, we need to consider the time required for setup and processing at each step of the manufacturing process.
At the molding step, there is no setup time, and the processing time per unit is 0.3 minutes. So, the total processing time for the batch of 600 toys at the molding step would be:
Total processing time at molding = processing time per unit * batch size = 0.3 minutes/unit * 600 units = 180 minutes
At the painting step, there is a setup time of 20 minutes and a processing time per unit of 0.2 minutes. So, the total processing time for the batch of 600 toys at the painting step would be:
Total processing time at painting = (setup time + processing time per unit) * batch size = (20 minutes + 0.2 minutes/unit) * 600 units = 12,000 minutes
At the finishing step, there is a setup time of 10 minutes and a processing time per unit of 0.15 minutes. So, the total processing time for the batch of 600 toys at the finishing step would be:
Total processing time at finishing = (setup time + processing time per unit) * batch size = (10 minutes + 0.15 minutes/unit) * 600 units = 9,600 minutes
To find the total time required for the entire process, we need to sum up the setup times and processing times at each step:
Total time = Total setup time + Total processing time
= 0 minutes (molding) + 20 minutes (painting setup) + 10 minutes (finishing setup) + 180 minutes (molding processing) + 12,000 minutes (painting processing) + 9,600 minutes (finishing processing)
= 21,810 minutes
Now, to calculate the process capacity in units per hour, we need to convert the total time to hours and divide it by the batch size:
Process capacity = Batch size / (Total time / 60)
= 600 units / (21,810 minutes / 60 minutes per hour)
= 600 units / 363.5 hours
≈ 1.65 units per hour
Therefore, the process capacity in units per hour with a batch size of 600 toys is approximately 1.65 units per hour.
b. To minimize inventory without decreasing the process capacity, we can consider reducing the batch size. A smaller batch size means less time spent on processing and setup, which can help in reducing inventory levels.
In this case, we can start by calculating the total time required for the entire process with the current batch size of 600 toys (as calculated in part a):
Total time = 21,810 minutes
Next, we need to determine the optimal batch size that would minimize inventory while keeping the process capacity the same. This can be done by analyzing the time spent on processing and setup.
By decreasing the batch size, we can reduce the processing time for each step. However, if the setup time becomes a significant portion of the total time, reducing the batch size further may not be effective in minimizing inventory.
We can analyze different batch sizes to find the one that balances the processing time and setup time most effectively. For example, we can calculate the total time for different batch sizes (e.g., 500, 400, 300, etc.) and observe how the setup time impacts the overall time.
The batch size that minimizes inventory without decreasing the process capacity would be the one where the setup time is relatively small compared to the processing time, and the overall time is minimized.
c. To minimize inventory without decreasing the current flow rate, we need to consider reducing the batch size while keeping the overall time the same.
As mentioned earlier, we calculated the total time required for the entire process with the current batch size of 600 toys (as calculated in part a):
Total time = 21,810 minutes
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A price-taker firm will tend to expand its output so long as its A) marginal revenue is positive. B) marginal revenue is greater than the market price. C) marginal revenue is less than the market price. D) marginal cost is less than the market price.
A price-taker firm will tend to expand its output so long as its marginal revenue is positive. Option A is correct.
Price-taker is a term used in economics to describe a market in which a small seller has no control over the price of a product or service. In these markets, it is rare for a single seller to have any significant impact on the price. A firm in this position is referred to as a price-taker firm.
Marginal Revenue (MR) refers to the revenue that a firm obtains from the sale of one additional unit of output. Marginal Revenue (MR) is a critical concept in economics because it is used to determine how much of a good or service a firm should produce to maximize its profit.
A firm can calculate its Marginal Revenue (MR) by dividing the change in total revenue by the change in output. A price-taker firm will tend to expand its output so long as its marginal revenue is positive. Therefore, option A (marginal revenue is positive) is the correct answer to this question.
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do you think that holacracy is a good match with zappos' business strategy? why or why not? explain.
Holacracy could potentially be a good match with Zappos' business strategy. Zappos is known for its unique corporate culture and emphasis on employee empowerment, and holacracy is a management system that aims to distribute decision-making power and authority across an organization.
With holacracy, employees are organized into self-governing teams called "circles," which are responsible for making decisions and achieving specific goals. This aligns with Zappos' emphasis on employee autonomy and could help foster a more collaborative and innovative workplace culture.
However, the detailed answer is that implementing holacracy is not without its challenges and potential drawbacks. For example, some employees may struggle with the increased responsibility and decision-making power that comes with holacracy, and there may be confusion or conflict around roles and responsibilities within the circles.
Additionally, holacracy may not be a good fit for every aspect of Zappos' business. Some areas, such as finance or legal, may require more hierarchical decision-making structures.
Overall, while holacracy may align with Zappos' values and culture, it is important to carefully consider the potential benefits and challenges before implementing such a significant change in management structure.
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A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours would the plant have to work to produce 100parts?
Answer:
The factory produces 100 parts in 50 minutes.
Explanation:
Giving the following information:
Current productibity= 100 parts/hour
Increase in productivity= 20%
This means that the factory makes 120 parts an hour or 100 parts in:
120 parts= 60 minutes
100 parts= x
x= (100*60) / 120
x= 50 minutes
The factory produces 100 parts in 50 minutes.
Current share price is $30. The volatility of this stock is 0.80 per annum. A call option written on this stock has 16 months before expiry and a strike price of $28. The riskless rate of interest is 4% per annum continuously compounded.
We want to value a derivative based on this stock.
If we use a 4-step Binomial tree to model share-price movements over the next 16 months, the risk-neutral probability p* of an up movement in share price on any given branch is Answer.
If we use a 8-step Binomial tree to model share-price movements over the next 16 months, the risk-neutral probability p* of an up movement in share price on any given branch is Answer.
In a 4-step Binomial tree model, the risk-neutral probability of an up movement in share price is approximately 0.627. In an 8-step Binomial tree model, the risk-neutral probability of an up movement in share price is approximately 0.643.
In a Binomial tree model, probabilities are assigned to up and down movements in the stock price to calculate the value of derivatives. The risk-neutral probability, denoted as p*, is the probability at each node that the stock price will increase. It is determined by equating the expected return of the stock under the risk-neutral measure to the risk-free rate. By constructing a Binomial tree with multiple steps, the probabilities of up and down movements can be calculated iteratively. In this case, using a 4-step Binomial tree, the risk-neutral probability of an up movement is 0.627, and with an 8-step Binomial tree, it is 0.643.
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If you get into a car accident, your___________ may increase because you will be considered riskier for insurance companies to cover
A. Car loan payment
B. Insurance premium
C. Taxes
D. Claims adjustment
Answer:
B. Insurance premium
Explanation:
If you get into a car accident, your Insurance premium may increase because you will be considered riskier for insurance companies to cover. Thus, option B is correct.
What are companies?A corporation is a legal body formed by a number of people to conduct and manage a business entity, whether it be commercial or industrial. An organizational model that will work as an individual representative and not in a collective manner.
As you already must be paying some amount of insurance premium, that premium will help you pay for the damage that has occurred this time. but still, when you next time may have a plan, they will increase the insurance premium.
After the accident, you have shifted from a lower-risk person to a higher-risk person. Therefore, option B is the correct option.
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the countries response to high food and energy prices during the russian ukranian war in 2022
During the Russian-Ukrainian war in 2022, countries around the world faced challenges due to high food and energy prices.
In response, governments implemented various measures to mitigate the impact on their economies and citizens. Firstly, many countries sought to increase domestic production of food and energy to reduce dependence on imports and stabilize prices. This involved investing in agricultural and energy sectors, promoting renewable energy sources, and implementing policies to support local producers.
Additionally, governments took steps to manage and control inflation by implementing price controls, subsidies, or direct financial assistance to vulnerable populations. Some countries also formed strategic alliances and engaged in international cooperation to ensure a steady supply of essential commodities at affordable prices. Overall, the response to high food and energy prices during the war involved a combination of domestic production efforts, economic policies, and international collaborations to alleviate the economic burden on the population.
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a collection of national income accounts that summarize the flow of international trade between one country and all other countries is called of payments.
A collection of national income accounts that summarize the flow of international trade between one country and all other countries is called the balance of payments.
All economic exchanges between a nation and the rest of the world, including transfers, investment income, and the exports and imports of commodities and services, are recorded in the balance of payments.
The current account and the capital account are the two main accounts that make up the balance of payments. The capital account measures the flow of financial assets, such as loans and foreign investments, whereas the current account measures the flow of products, services, and revenue.
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1. Who makes trade-offs?
Answer:
individual, government and businesses makes trade-offs.
Explanation:
this question is in economic chapter 1 session 2 right ?
ummm.......please mark me brainlist
Define ''limited in stock''
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
you own 360 shares of stock x at a price of $29 per share, 230 shares of stock y at a price of $52 per share, and 295 shares of stock z at a price of $75 per share. what is the portfolio weight of stock y?
The portfolio weight of Stock Y is 26.86%
What do you mean by Stocks?
Stock contains all the shares by which ownership of a corporation or company is divided. These represents a type of security that gives stockholders a share of ownership in a company.
The Major use of stocks if to raise money. The company uses that money for various initiatives.
There are various kinds of Stocks.
Common stock.Preferred stock.Large-cap stocks.Mid-cap stocks.Small-cap stocksIn above case , The portfolio weight of Stock Y is 26.86%
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bricolage is entrepreneurs making do by applying combinations of the resources at hand to new problems and opportunities. True or false?
Bricolage is entrepreneurs making do by applying combinations of the resources at hand to new problems and opportunities. - True
Bricolage is a term used to describe the entrepreneurial strategy of utilising the materials at hand and applying them ingeniously to new challenges and possibilities. Bricolage includes improvising with what is available and employing a combination of various tools to find new solutions, as opposed to relying on pre-existing resources. Bricolage entrepreneurs frequently need to be resourceful and adaptable because they cannot access the conventional resources or support networks that are typically available to established enterprises.
To develop new commodities, they could rely on personal networks, leverage open-source software, or repurpose already-existing materials. As it enables them to swiftly and imaginatively react to shifting market conditions and developing opportunities, it can be a useful strategy for entrepreneurs operating in emerging or dynamic industries.
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Which of these would most likely be an implied contractual condition in a real estate sales contract: Buyer and seller names
- Freedom from fraud and misrepresentation
- Property location or description
- Purchase price
The correct option is B. The inclusion of numerous contingencies makes it less likely that the buyer's offer will be accepted.
Real property is belongings together with land and the homes on it, at the side of its herbal sources along with crops, minerals or water; immovable property of this nature; an interest vested on this (also) an item of real belongings, (more generally) homes or housing in trendy. In phrases of regulation, real is when it comes to land property and isn't like private assets while property approach the "hobby" someone has in that land assets.
Actual property is different from non-public assets, which aren't completely attached to the land, such as automobiles, boats, rings, fixtures, tools, and the rolling stock of a farm. in the United States, the transfer, owning, or acquisition of actual estate may be through commercial enterprise businesses, individuals, non-profit groups, fiduciaries, or any prison entity as seen within the regulation of each U.S. nation.
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Complete Question:
Which of the following statements about the number of contingencies in a sales contract is true?
A. Every sales contract should contain a minimum of three contingencies.
B. The inclusion of numerous contingencies makes it less likely that the buyer's offer will be accepted.
C. The more contingencies, the better, from the seller's perspective.
D. The number of contingencies is directly related to the cost of the home. The higher the asking price, the greater number of contingencies.
Assume that you are the inventory officer at wholesale and Retail Ltd, you noticed that large amounts of some items are ordered while there is a zero balance for other items. List four reasons for controlling stock at the company.
TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment
Answer:
TRUE
Explanation:
Take-home pay is the gross pay minus all deductions. Deductions include statutory and voluntary deductions. Take home is the money that gets to the employee's bank account.
In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment
DETERMINISTIC APPROACH Presented here is an example of a deterministic LCCA comparing two alternative project strategies. Each alternative will supply the same level of performance or benefit, so application of LCCA is appropriate. Costs that are equal between alternatives have been removed from the analysis. The discount rate is 4 percent, and a 35− year analysis period is used.
In this example of a deterministic Life Cycle Cost Analysis (LCCA), two alternative project strategies are compared. Both alternatives provide the same level of performance or benefit, making LCCA applicable. The analysis focuses on costs that differ between the alternatives. The discount rate is 4 percent, and the analysis period spans 35 years.
A deterministic LCCA involves comparing alternative project strategies based on their life cycle costs. In this example, the focus is on costs that are not equal between the alternatives, as costs that are equal have been removed from the analysis.
The purpose is to determine which alternative is more cost-effective over the specified 35-year analysis period, taking into account the discount rate of 4 percent.
The deterministic approach means that specific cost inputs and parameters are used without considering uncertainty or variability.
This approach assumes that all input values and assumptions remain constant throughout the analysis period.
By comparing the life cycle costs of the alternatives, decision-makers can evaluate the financial implications and select the strategy that offers the lowest total cost over the analysis period, considering the discount rate.
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An extremely rainy spring and summer may impact growing crops. This is an example of what type of risk
Answer:
Environmental risk
Explanation:
In simple words, The environmental risk of farming refers to the affect that various agricultural activities have on the environments in which they operate, as well as how those impacts can be linked to those practices. Agriculture's ecological influence varies greatly depending on the activities used by growers as well as the size at which they operate.
Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
What are the Management Levels according to Henri FAYOL ? explain the functions of Managers ?
Henri Fayol identified five management levels: Top Management, Middle Management, Lower Management, Foremen, and Operatives. The functions of managers include planning, organizing, commanding, coordinating, and controlling.
1. Top Management: Also known as the executive level, top management consists of high-level executives such as CEOs, presidents, and board members. They are responsible for setting the overall direction and goals of the organization, making strategic decisions, and ensuring the organization's success.
2. Middle Management: Middle management includes positions such as department managers, branch managers, and division heads. They act as a bridge between top management and lower-level employees. Their responsibilities include implementing the strategies and plans set by top management, overseeing the work of lower-level managers, and coordinating activities within their respective departments or divisions.
3. Lower Management: Also known as first-line or supervisory management, lower management includes positions such as supervisors, team leaders, and shift managers. They are responsible for directly supervising the operational activities of employees and ensuring that tasks are performed efficiently and effectively. They provide guidance, support, and feedback to employees, resolve conflicts, and enforce policies and procedures.
4. Foremen: Foremen are responsible for overseeing a specific group of workers or a particular area within a department. They ensure that workers understand their tasks, meet production targets, and follow safety protocols. Foremen act as a direct link between lower-level employees and management, relaying information and addressing concerns or issues.
5. Operatives: Operatives are the frontline workers who directly perform the tasks involved in producing goods or delivering services. They include production line workers, sales representatives, customer service agents, etc. Their primary focus is on carrying out their assigned duties and responsibilities effectively and efficiently.
Functions of Managers:
1. Planning: Managers engage in planning activities, which involve setting goals, determining strategies, developing action plans, and making decisions to achieve organizational objectives. Planning involves analyzing the current situation, forecasting future needs, and allocating resources effectively.
2. Organizing: Managers organize resources, both human and non-human, to accomplish the planned goals. This function involves designing the organizational structure, establishing reporting relationships, allocating tasks and responsibilities, and coordinating activities within the organization.
3. Commanding: Managers are responsible for providing clear directions and instructions to employees, leading and motivating them to perform their best, and creating a positive work environment. They communicate expectations, delegate tasks, and ensure that employees understand their roles and responsibilities.
4. Coordinating: Managers coordinate activities and resources to ensure the smooth flow of work and achieve organizational goals. This involves aligning different departments, teams, and individuals towards a common objective, resolving conflicts, and promoting collaboration and teamwork.
5. Controlling: Managers monitor performance, compare actual results with planned objectives, identify deviations or variances, and take corrective actions when necessary. Controlling involves establishing performance standards, measuring performance, evaluating outcomes, and implementing adjustments to ensure the organization stays on track.
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Entrepreneurs
An Wang
George Washington Carver
Samuel F. B. Morse
Margaret Hutchison Rousseau
Choose one entrepreneur from this list. Write about an innovative idea this entrepreneur had. Include details about the person who brought it into being and the contributions he or she made to our society. How did this entrepreneur embody one or more characteristics from the HUNT? Present your response in a clear, organized manner and cite specific examples. (4 points)
Explanation:
hinese-American computer scientist who came to the United States in 1945 to attend Harvard University. He held more than 35 patents. His developments were critical to advancing digital information technology that we depend on today. Wang Laboratories created one of the first desktop computers.
Madame C.J. Walker
was the first member of her formerly enslaved family to be born a free person. She was one of the first self-made African-American millionaires. She employed over 3,000 people at the height of her hair care products business. Madame C.J. Walker was an early entrepreneur in the beauty industry that today garners billions of dollars in annual sales.
Howard Schultz
grew up in a Brooklyn, New York housing project. It is because of him that Starbucks® has over 6,000 stores worldwide today. His drive and marketing skills have made the café latte a daily habit for many Americans.
James Cash Penney
began as a store clerk after graduating high school. A contemporary of Madame Walker, Penney launched the first chain of department stores in the United States, commonly known as "Penney's." Today Americans visit over 1,000 "Penney's" or peruse the mail order and online catalogs to purchase various household goods and clothing.
Samuel F.B. Morse
grew up in Massachusetts studying religion and art. Morse patented the telegraph in 1849. His invention paved the way for long-distance communication, reshaping America literally in terms of westward expansion, railroad safety, and business efficiency.
George Washington Carver
reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.
Joseph A. Unaue
grew up in Bronx, New York, born to a Spanish father and Puerto Rican mother. His father founded Goya Foods®, distributor of Hispanic foods. Joseph and his brothers joined the family business and under Joseph's direction Goya Foods® became the largest U.S. Hispanic-owned food distribution company in the United States
Answer:
George Washington Carver
reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.
Explanation:
George Washington Carver
(1864–January 5, 1943) was an American agricultural scientist and inventor who advocated for non-cotton crops and soil conservation practices. In the early twentieth century, he was the most prominent black scientist.Carver devised strategies to repair soils depleted by repeated cotton crops as a professor at Tuskegee Institute. He wanted poor farmers to produce additional crops like peanuts and sweet potatoes to supplement their income and improve their living conditions.105 food recipes using peanuts were included in the most popular of his 44 practical bulletins for farmers. Despite spending years creating and marketing a variety of peanut-based goods, none of them were economically successful.#SPJ2
How old will someone who graduated high school at 18 be until they get a Masters Degree in civil engineerings ?
Answer:22 years
Explanation:
unlimited liability as it relates to sole proprietorships is the risk of loss of assets beyond the assets of the business.
The risk of loss of assets beyond the assets of the business is referred to as unlimited liability. It is one of the characteristics of a sole proprietorship.
A sole proprietorship is a form of business organisation is which only person owns the business.
Characteristics of a sole proprietorship
it is owned by one personthe business has unlimited liability. It means that the owner of the business is liable to the liabilities her business. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies.Advantages of sole proprietorship
It is easy to establish. The business owner has complete control over the business.Disadvantages of sole proprietorship
The lifespan of the business is often limited to the lifespan of its owner. The owner has an unlimited liability.A similar question was answered here: https://brainly.com/question/21297889
a firm operating in an oligopolistic market has ________ market power compared to a ________.
A firm operating in an oligopolistic market has significant market power compared to a firm operating in a perfectly competitive market.
In an oligopolistic market, there are only a few dominant firms that control the market, and they have the ability to influence prices and control supply.
This is because they have a significant market share and their actions can affect the behavior of other firms in the market.
In contrast, in a perfectly competitive market, no single firm has the ability to influence prices or control supply, as there are many small firms competing against each other. Thus, the level of market power of a firm depends on the market structure in which it operates.
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If a business decides to act outside of the prevailing ethical norms of that community.
Normative ethics is the domain of ethics that Ingrid's views represent. if a company decides to act unethically in the eyes of the general public.
What is Normative ethics?Normative ethics is a branch of moral philosophy that is concerned with defining what is ethically right and wrong. It entails the creation of moral guidelines that have a direct bearing on how people should behave in their personal lives, communities, and institutional settings. It is commonly contrasted with theoretical ethics, or the fundamental level, which is focused in the nature rather than the content of ethical theories & moral judgments, as well as applied ethics, or the application of ethical theory to practical situations.
The branch of philosophical ethics known as normative ethics examines questions about moral behavior. It is the study of moral conduct.
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Question 1 [40 marks] The above schematic diagram shows an electric motor with power of 7.5 kW and a speed of 720rpm driving a hoist through a gearbox. The wire-rope from the drum passes through an overhead smooth pulley before connecting to the load of 600 kg. a) Calculate the tension in the wire-rope if the 600 kg load is moving at a constant speed of 5 m/s. (Ignore the mass of wire-rope). Hence calculate the rotational speed of the drum hoist. b) Calculate the torque at the coupling to drive the drum. c) Select a suitable chain drive to replace the gearbox for this application. Given that the pitch diameter of the wheel sprocket should be less than 350 mm and the centre distance between the sprockets of the chain drive should not exceed 500 mm. d) Select suitable bolts to secure the pulley bracket. Assume allowable tensile stress for the bolt material is σmax=45MN/m2
a. The tension in the wire-rope is 5880 N. The rotational speed of the drum hoist is approximately 191.13 RPM.
b. The torque at the coupling to drive the drum is approximately 99.47 N·m.
c. It is not possible to determine a suitable chain drive.
d. We can choose bolts that have a tensile strength exceeding this value to ensure the safety of the pulley bracket.
a) To calculate the tension in the wire-rope, we can use the equation:
Tension = (mass × acceleration) + (mass × gravity)
Mass (m) = 600 kg
Acceleration (a) = 0 m/s² (since the load is moving at a constant speed)
Gravity (g) = 9.8 m/s²
Tension = (600 kg × 0 m/s²) + (600 kg × 9.8 m/s²)
Tension = 0 + 5880 N
Tension = 5880 N
The tension in the wire-rope is 5880 N.
To calculate the rotational speed of the drum hoist, we can use the formula:
Rotational Speed (in RPM) = (Speed × 60) / (2π × Radius)
Speed = 5 m/s (constant speed of the load)
Radius (R) = 0.5 m (since the rope passes through an overhead smooth pulley)
Rotational Speed = (5 m/s × 60) / (2π × 0.5 m)
Rotational Speed ≈ 191.13 RPM
The rotational speed of the drum hoist is approximately 191.13 RPM.
b) To calculate the torque at the coupling to drive the drum, we can use the formula:
Torque = Power / Rotational Speed
Power = 7.5 kW
Rotational Speed = 720 RPM
Convert Power to watts:
Power = 7.5 kW × 1000 = 7500 W
Convert Rotational Speed to radians per second:
Rotational Speed = 720 RPM × (2π / 60)
Rotational Speed ≈ 75.4 rad/s
Torque = 7500 W / 75.4 rad/s
Torque ≈ 99.47 N·m
The torque at the coupling to drive the drum is approximately 99.47 N·m.
c) To select a suitable chain drive, we need to consider the given constraints:
Pitch Diameter of the Wheel Sprocket < 350 mm
Centre Distance between the Sprockets ≤ 500 mm
Based on these constraints, we can choose a suitable chain drive system that satisfies these requirements. The required gear ratio and the specifications of the hoist system is not provided, it is not possible to determine a suitable chain drive.
d) To select suitable bolts to secure the pulley bracket, we need to consider the allowable tensile stress for the bolt material (σmax = 45 MN/m²).
Based on this allowable stress, we can choose bolts that have a tensile strength exceeding this value to ensure the safety of the pulley bracket. The specific type, size, and grade of the bolts will depend on the application requirements and the load-bearing capacity needed for the pulley bracket.
It is recommended to consult engineering standards and guidelines or seek assistance from a professional engineer to select the appropriate bolts for the specific application.
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