the production process should be a sequence of steps starting with inputs, followed by production control, and ending with:
- finished products
- outputs
Answers
The production process is indeed a sequence of steps that typically starts with inputs such as raw materials, labor, and equipment. The process will ultimately end with finished products i.e. option A.
Once these inputs are gathered, the production process involves various stages of production control such as quality control and inventory management to ensure that the process is efficient and effective. Finally, the production process concludes with the creation of finished products that meet the requirements of the customer or end-user. Ultimately, the goal of the production process is to optimize the use of resources and deliver high-quality products in a timely and cost-effective manner.
Therefore, the right option is A i.e. finished product.
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Related Questions
Supply and Demand: Tutorial
17 of
Part B
What is the relationship
between the price and the number of necklaces Rachael supplies?
Answers
Answer:
see below
Explanation:
There exists a direct relationship between the price of a commodity and the quantity supplied. Producers find it more profitable to increase supplier when the prices are high. As businesses are motivated by profits, high prices are likely to generate more profits. High prices are a motivation to supply large quantities.
If the price of necklaces goes up, Rachel will supply more to the markets. She will take advantage of the high prices to sell more and make bigger profits. Low prices lead to reduced profits or even losses. At low prices, Rachael will supply a few necklaces in the market.
Answer: As the price goes up, the number of necklaces she supplies goes up.
Explanation: edmentum / plato
PLEASE!!!
Which of the following is an example of economic globalization?
A. a chicken farm supplying eggs to the neighboring village
B. a mobile grocery selling organic food across New York City
C. an on-demand beauty salon that provides home service
D. a Japanese store selling tea and spices from South Asia
Answers
Answer:
The example that represents economic globalization is:
D. a Japanese store selling tea and spices from South Asia
Explanation:
The reason behind this answer is that globalization is the concept designed to understand the economic activity of a certain country outside its borders and engaging commercial activities in its zone with different countries or in zones further away. Then, because they are doing business around the globe they are doing a globalization economy.
the chart above is an example of a combination of a ________ chart and a ________ chart. review later clustered bar, scatter clustered column, line stacked bar, scatter stacked column, line
Answers
The chart above is an example of a combination of a clustered column chart and a line chart.
The bars in the chart are clustered columns, representing different categories, while the line represents a continuous variable. It is important to note that the clustered column chart is used to compare data between different categories, whereas the line chart is used to show trends over time. In this particular chart, the clustered column chart is used to compare the sales data for different products in the year 2019, while the line chart is used to show the trend of sales for the same products over the years 2017-2019.
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Production Possibilities for Footville Shoes Socks 800 400 700 200 1000 Refer to Table 2-3. What is the opportunity cost to Footville of increasing the production of shoes from 400 to 600? 400 socks 300 socks 200 socks 100 socks
Answers
The opportunity cost to Footville of increasing the production of shoes from 400 to 600 is 400 socks. So, correct option is A.
The production possibilities table shows the different combinations of shoes and socks that Footville can produce with its available resources. To calculate the opportunity cost of increasing the production of shoes from 400 to 600, we need to compare the output of shoes and socks before and after the change.
Before the change, Footville produces 600 shoes and 400 socks. After the change, it produces 800 shoes and 0 socks. The increase in shoe production of 200 comes at the cost of reducing sock production from 400 to 0.
Therefore, the opportunity cost of increasing shoe production by 200 is the amount of socks that Footville could have produced instead. This is calculated as the difference in sock production before and after the change, which is 400 socks.
This means that for every 200 additional shoes produced, Footville gives up the production of 400 socks.
Therefore, correct option is A.
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Complete question is:
Production Possibilities for Footville
Shoes Socks
800 0
600 400
400 700
200 900
0 1000
Refer to above table.
What is the opportunity cost to Footville of increasing the production of shoes from 400 to 600?
choices:
A) 400 socks
B) 300 socks
C) 200 socks
D) 100 socks
Business lab!! need help
A market overview, including a summary of challenges and opportunities
Top three sectors for export, with detail of major items or sub-sectors to consider. (Since this is an imaginary assignment, rather than coming to this research with your product already in mind and ready to export, you will research what product would be best to export to your country of choice. An easier task!)
How to sell US products in this market
A recommendation on whether it is a good time (politically, and economically) to export to this country
France:
China:
Japan:
Answers
Top three sectors for export, with detail of major items are
Global Oil & Gas Exploration & Production. Global Pharmaceuticals & Medicine Manufacturing. Global Car & Automobile Manufacturing. .The products are:
Refined PetroleumCrude PetroleumCarsHow to sell us products in the international market?International markets or your own website are your two choices. Alibaba, Etsy, and eBay are examples of international marketplaces where users anticipate purchasing from vendors located in distant nations.
The direct sale of goods and/or services to another nation is known as exporting. It is possibly the least risky and most well-known way to join a foreign market.
Therefore, some global market entry strategies for any kind of product are:
Structured exporting.Licensing and franchising.Direct investment. Buying a business.Learn more about export from
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Complete a departmental expense allocation spreadsheet for Marathon Running Shop. The spreadsheet should assign (1) direct expenses to each of the four departments, (2) the $64,000 of utilities expense to the four departments on the basis of floor space occupied, (3) the advertising department’s expenses to the two operating departments on the basis of the number of ads placed that promoted a department’s products, and (4) the administrative department’s expenses to the two operating departments based on the amount of sales.
Answers
Question Completion:
Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes and clothing). The table that follows shows the direct expenses incurred and square footage occupied by all four departments, as well as total sales for the two operating departments for the year 2017
Direct Expenses Square Feet Sales
Department
Advertising $ 18,000 1,120
Administrative 25,000 1,400
Shoes 103,000 7,140 $273,000
Clothing 15,000 4,340 77,000
The advertising department developed and distributed 120 advertisements during the year. Of these, 90 promoted shoes and 30 promoted clothing. Utilities expense of $64,000 is an indirect expense to all departments.
Answer:
Marathon Running Shop
Allocation of service departments' costs to the operating departments:
Service Departments Operating Departments Total
Advertising Administrative Shoes Clothing
Departmental $18,000 $25,000 $103,000 $15,000 $161,000
Utilities 5,120 6,400 32,640 19,840 64,000
After Utilities 23,120 31,400 135,640 34,840 $225,000
Advertising -23,120 17,340 5,780 0
Administrative -31,400 24,492 6,908 0
Total allocated costs $177,472 $47,528 $225,000
Explanation:
a) Data and Calculations:
Direct Expenses Square Feet Sales
Department
Advertising $ 18,000 1,120
Administrative 25,000 1,400
Shoes 103,000 7,140 $273,000
Clothing 15,000 4,340 77,000
Total $161,000 14,000 $350,000
Allocation of Utilities Expense of $64,000
Rate
Advertising (1,120/14,000 * $64,000) = $5,120
Administrative (1,400/14,000 * $64,000) = $6,400
Shoes (7,140/14,000 * $64,000) = $32,640
Clothing (4,340/14,000 * $64,000) = $19,840
Advertising $ 18,000 + $5,120 = $23,120
Administrative 25,000 + $6,400 = $31,400
Shoes 103,000 + $32,640 = $135,640
Clothing 15,000 + $19,840 = $34,840
Advertising expenses consumed by:
Shoes 90/120 * $23,120 = $17,340
Clothing 30/120 * $23,120 = $5,780
Administrative expenses consumed by:
Shoes $273,000/$350,000 * $31,400 = $24,492
Clothing $77,000/$350,000 * $31,400 = $6,908
are good oppurtunities always spotted quickly or they often left unrecognized ?
Answers
Answer:
often left unrecognised
Answer:
Spotted quickly
Explanation:
if real gdp rises while nominal gdp falls, then prices on average have:A. risen
B. fallen
C. Real GDP cannot rise when nominal GDP falls.
D. stayed the same
Answers
If real GDP rises while nominal GDP falls, then prices on average have fallen.
Real GDP and nominal GDP are both measures of a country's economic output. The difference between the two is that real GDP takes inflation into account, while nominal GDP does not. If real GDP rises while nominal GDP falls, this means that the economy has grown in terms of the goods and services produced, but the overall value of those goods and services has decreased due to falling prices.
This situation can occur during a period of deflation, which is when the overall level of prices in an economy is decreasing. During deflation, consumers and businesses may delay spending because they expect prices to fall further in the future. This can lead to a decrease in demand for goods and services, which in turn can cause a decline in nominal GDP. However, if the economy is still producing more goods and services during this period, real GDP can still increase.
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1) Using the case to respond, assess three reasons why several international companies are recruiting (woo-ing) their executives from "Third Country Nationals" TCN’s
Answers
There are several reasons why international companies are recruiting Third Country Nationals (TCNs) for executive positions including cost-effectiveness, cultural knowledge and language proficiency
Cost effectiveness: Often, TCN's are willing to work for lower salaries than their counterparts in the home or host country. This can save the company a significant amount of money in terms of labor costs.Cultural knowledge: TCN's often have a deep understanding of the culture and customs of the host country, which can be invaluable for an international company. This can help the company navigate cultural differences and avoid potential pitfalls.Language proficiency: Many TCN's are multilingual, which can be a huge asset for an international company. Being able to communicate effectively with employees, customers, and other stakeholders in multiple languages is crucial for the success of a global business.Learn more about International companies:
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What will happen if the price of one of the resources used to produce a good increases? a. The demand curve for that good will shift to the left. b. The demand curve for that good will shift to the right. c. The supply curve for that good will shift to the left. d. The supply curve for that good will shift to the right.
Answers
Answer:
. The supply curve for that good will shift to the left.
Explanation:
A shift in the supply curve arises when suppliers increase or decrease production. A shift in the supply curve is a result of a change in supply. An increase in supply results in the supply curve shifting to the right, While a decrease makes it shift to the left.
Factors that cause suppliers to reduce production makes the supply curve to shift to the left or inwards. Examples of such factors include an increase in taxation, civil unrest, or changes in technology.
An increase in the price of raw material will make production more challenging for suppliers. The output from suppliers will decrease, causing the supply curve to shift to the left.
4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?
Answers
Answer:
Explanation:
35% of $64,000 is $22,400
Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920
when the demand for new homes decreases, the demand for construction workers who build homes decreases. this relationship illustrates the concept of
Answers
When the demand for new homes falls, so does the demand for construction workers who build houses. This relationship exemplifies the idea of derived demand.
What are the types of derived demand?Three categories of derived demand exist: labor, raw resources, and processed materials. The path of derived demand refers to these elements.
Raw materials are necessary components utilized in the creation of a finished good. Crude oil and lumber are two examples of raw materials used in the construction of new dwellings and products based on petroleum.
Processed Materials: The above mentioned smartphone case is an illustration of a derived requirement for processed materials.
Labor: On a larger macro - economic level, the demand for human workers is generated by virtually every industry that requires labor to produce the good or service it intends to sell to a market. There wouldn't be a need for workers if there wasn't a market for goods and services to create them.
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Critically explain Robbins definition of economics?
Answers
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
What would be a likely example of substitute goods for most people?
Answers
Which one of the following statements is false? A. The activities along the critical path determine the completion time of the project. B. If one of the activities on the critical path is delayed, the entire project will be delayed. C. There may be more than one critical path in a project network. D. The critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete.
Answers
Answer:
C.
Explanation:
The critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete.
Influencers are most helpful to Dell because they Multiple Choice O provide engagement with audiences that Deli cares about as a brand. O work directly as employees of Dell. O typically focus on the 4 Ps. O are not concerned with return on investment O generate fewer social media shares a messages that come directly from Dell Required information Content Marketing Helps Dell Develop Trust Dell is a B2B computer technology company that develops. Sells, repairs, and supports computers and related producte and services Named after its founder, Michael Dell , the company is one of the largest technological corporations on the planet, employing more than 145.000 people in the United States and around the world Content is the currency of the social web. The success of any website, search marketing, or social media marketing campaign depends on the creation and management of useful and interesting digital content content marketing is a marketing approach focused on creating and distributing valuable relevant and consistent content to attract and retain clearly defined and profitable audience. The goal of this activity is to help students better understand how content marketing helps Dell develop trust with customers and shape the Dell narrative in the marketplace
Answers
Influencers are most helpful to Dell because provide engagement with audiences that Dell cares about a brand.
How do brands benefit from influencers?Influencer marketing programs are an excellent approach to increasing brand awareness, increasing website traffic, and broadening your social media audience. For marketers who can find the right balance between persona, content, and engagement, influencers can be an effective tool for raising brand awareness.
Consumers will remember brands when they want to make a purchase if they partner with the appropriate influencers and establish themselves as reliable sources. There are many advantages to influencer marketing. Along with helping you raise brand awareness and increase sales, it can also help you reach niche audiences, get past ad blockers, improve SEO, and a whole lot more.
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The complete question is:
Dell is a B2B computer technology company that develops. Sells, repairs, and supports computers and related producte and services Named after its founder, Michael Dell , the company is one of the largest technological corporations on the planet, employing more than 145.000 people in the United States and around the world Content is the currency of the social web. The success of any website, search marketing, or social media marketing campaign depends on the creation and management of useful and interesting digital content content marketing is a marketing approach focused on creating and distributing valuable relevant and consistent content to attract and retain clearly defined and profitable audience. The goal of this activity is to help students better understand how content marketing helps Dell develop trust with customers and shape the Dell narrative in the marketplace.
Influencers are most helpful to Dell because:
a) provide engagement with audiences that Dell cares about a brand.
b) works directly as employee of Dell
c) typically focus on 4 Ps
d) are not concerned with return on investment
e) generate fewer social media shares than messages that come directly from Dell.
anyone like jschlatt here
Answers
Answer: yes.
Explanation:
cause he's amazing, he's jschlatt, and he's awesome
thank you for coming to my TedTalk :)
The basis of competition is freedom of ______ exercised in the pursuit of ______.
Answers
The basis of competition is freedom of choice exercised in the pursuit of money.
What is competition?Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.
The purpose of competition is for businesses to try to outdo each other in order to earn more.
Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.
Hence, the basis of competition is freedom of choice exercised in the pursuit of money.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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HELP ME PLEASE:
Identify and describe the company or business jeff Bezos operated, managed, and taken a financial risk. What are the main products/services offered? How did he get started? What challenges did jeff Bezos encounter on the way and how did he manage those obstacles?
Answers
Jeff Bezos has invested in many companies. But the one with he is most associated is Amazondotcom.
The main services of Amason are:
Jeff Bezos started out with online book sales from his rented home in Bellevue, Washington. Then the business expanded. He became the dominant player in online book sales on the internet.
One of the major challenges he faced is Antitrust Issues. Earlier on, however, he was being required by some companies to do at least 10 units of their books to qualify under their retail dealership.
Unfortunately, Amazondotcom was not yet doing that. They solved this problem by exploring a loophole in the system that required them to order 10 books not buy them. So they continued to order books that they didn't have or that were not on sale.
Who is Jeff Bezos?Jeffrey Preston Bezos is a businessman, media owner, investor, computer engineer, and commercial astronaut from the United States. He is Amazon's founder, executive chairman, and former president and CEO.
The majority of Jeff Bezos' wealth stems from his Amazon stock. According to Forbes, he still holds 11% of Amazon's stock and has sold an estimated $27 billion in stock since 1997. He is well-known for his philanthropic contributions to areas such as cancer research and climate warming.
From 1998 until 2021, Bezos' basic salary of $81,840 remained constant. He will also receive an extra $1.6 million in various forms of remuneration. As a result, Bezos' annual salary is around $1,681,840.
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10 C What is the effect of education on employment?
Answers
The effect of education on Employment is that it increases the employment rate and reduces unemployment
Effect of Education on EmploymentWith proper education, individuals can get the skills needed to to employed as skilled labor and earn a decent amount of money as a salary.
Without education, most people become unemployed and at best even get a job that is not enough to take care of them.
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what is the importance of knowing how to compute the market share in a business
Answers
Answer:
Simply put, market share is a key indicator of a company's competitiveness. When a company increases its market share, this can improve its profitability. This is because as companies increase in size, they too can scale, therefore offering lower prices and limiting their competitors' growth.
You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period.
It's important to calculate and understand market size for several reasons. First, entrepreneurs and organizations can use market sizing to estimate how much profit they could potentially earn from a new business, product or service. This helps decision-makers to decide whether they should invest in it.
Hope this helps ^v^
What are the benefits of using Popit model?
Answers
While examining a company area, the POPIT model makes sure that all internal business factors are taken into account. It aids a business analyst in locating potential issues. This all-encompassing strategy makes sure the analyst takes into account all pertinent factors.
A key tool in the business analyst's toolbox is the POPIT model. In order to analyze needs, opportunities, and desired changes to address business problems, this model offers a relevant perspective.
Process, Organization, People, Information, and Technology is referred to as POPIT. While doing gap analyses, it's typical to start by taking into account the processes as they are and as they should be. When one POPIT component is changed, the others are impacted as well.
For instance, revising a job description may require combining two tasks into one, updating staff abilities, and even altering procedures controlling the usage of IT systems.
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the stock market crash of october 1929 is recognized as the beginning of the great depression as it caused national banks to fail, investments to crash, and production to halt. the steep crash in the prices of stocks was due to widespread financial panic and was caused by stock brokers who called in the loans they had made to stock investors. the stock market crash of october 1929 is recognized as the beginning of the great depression as it caused national banks to fail, investments to crash, and production to halt. the steep crash in the prices of stocks was due to widespread financial panic and was caused by stock brokers who called in the loans they had made to stock investors.
Answers
Black Tuesday was the name given to the day, October 29, 1929, when the US stock market crashed. This set off a series of occurrences that resulted in the Great Depression, a 10-year economic downturn that impacted all industrialized nations in the world.
What transpired during the Great Depression?It lasted for about ten years (from late 1929 to around 1939) and affected practically every country in the world. It was characterized by severe drops in industrial production and prices (deflation), widespread unemployment, banking panics, and sharp rises in rates of poverty and homelessness. The stock market crash of 1929 and the speculative boom of the 1920s were major causes of the Great Depression. difficulties with overproduction and oversupply, low demand, rising unemployment, errors made by the Federal Reserve, A limited presidential response, an ineffective tariff.
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an international marketing plan begins with a situation analysis and culminates in the selection of an entry mode and a specific action program for a market. group of answer choices true false
Answers
The statement is true. An international marketing plan begins with a situation analysis and culminates in the selection of an entry mode and a specific action program for a market.
When developing an international marketing plan, it is important to conduct a thorough situation analysis to understand the internal and external factors that may impact the success of entering a new market. This analysis includes factors such as market size, competition, cultural considerations, legal and regulatory environment, and economic conditions.
Based on the findings of the situation analysis, the next step is to select an appropriate entry mode, which refers to the method or strategy through which a company enters a foreign market (e.g., exporting, licensing, joint venture, direct investment).
Finally, the international marketing plan concludes with the development of a specific action program that outlines the detailed marketing strategies and tactics to be implemented in the target market. This includes decisions related to product adaptation, pricing, distribution, promotion, and other elements of the marketing mix.
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Which one of the following best describes the role of a financial intermediary? O Financial intermediaries collect large surpluses from a few suppliers of capital and lend those funds in small amounts to numerous demanders of capital.O Financial intermediaries match suppliers of capital with demanders of capital so they can directly exchange funds.O Suppliers of capital are hesitant to individually accept the credit risk associated with lending to demanders of capital.O Demanders of capital normally need funds for a short period of time.
Answers
O Suppliers of capital are hesitant to individually accept the credit risk associated with lending to demanders of capital.
How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.
Answers
Answer:
A
Explanation:
net worth is based on assets and income so if assets decrease your net worth decreases
where was the headquarters of the first bank of the united states?
Answers
Answer:
The headquarters of the First Bank of the United States was located in Philadelphia, Pennsylvania.
Why did industrialization lead to the expansion of systems of formal education?.
Answers
The changing economy required workers to have new skills, particularly literacy, and knowledge
If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.
Answers
Assuming each worker worked 8 hours of overtime, the total labor cost would be $7,488.00 ((3 x $7.25 x 8) x 12).
The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a certain period and that cannot be decreased by a collective agreement or an individual contract is known as a minimum wage. A minimum wage can be established by law, a competent authority's judgement, a wage board, a wage council, or by labour or industrial courts or tribunals.
The goal of minimum wages is to shield employees from unfairly low pay. They contribute to ensuring that everyone receives a fair and equal share of the benefits of progress as well as a decent wage for all people who are working and in need of such protection.
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