what is the advantage of a multi-criteria analysis? it has only four steps. it does not require any math. it is easily adaptable to as many suppliers as you need to evaluate. it removes all human bias from the equation.
Answers
By evaluating their results, performance, impacts, and trade-offs, many policy choices can be identified and compared using a multi-criteria analysis (MCA). MCA offers a methodical strategy for assisting difficult choices in accordance with pre-established standards and goals.
What is multi-criteria method?MCDM refers to the process of identifying the optimum practical solution in light of predetermined criteria and issues that frequently arise in daily life. Operations research's subdiscipline of multiple-criteria decision-making, also known as multiple-criteria decision analysis, explicitly assesses numerous, competing criteria while making decisions.
MCA refers to any systematic method used to select the preferred choice among alternatives that achieve several goals. Desirable objectives are described in MCA along with the relevant features or indicators.
What does multi criteria analysis do?By evaluating their results, performance, impacts, and trade-offs, many policy choices can be identified and compared using a multi-criteria analysis (MCA). MCA offers a methodical strategy for assisting difficult choices in accordance with pre-established standards and goals. A technique called multi-criteria analysis (MCA) is used to take into account a wide range of criteria while reaching a decision. A rational, well-organized procedure is provided by MCA so that various elements can be precisely recognized and prioritized. It enables the ranking of potential solutions in terms of appropriateness.
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Related Questions
describe your management experience , including a time you effectively resolved a difficult situation from a management capacity
Answers
Answer:
I managed workers of seven in the associate degree info Services department whose responsibilities enclosed delivering specifications and software package to internal purchasers. My role was that of PM or Project Manager, and my responsibilities enclosed one. guaranteeing every staffer was alert to their specific duties, 2. maintained the relevant timelines and ensured every team-member's deliverables arrived on time, 3. arranged, coordinated, and crystal rectifier conferences to debate current and approaching come, and 4. maintained knowledgeable and cozy social atmosphere for my workers.
One of the tougher problems I Janus-faced was after we employed a very bright developer whose my leader had W2'd in from the Asian nation. though he was very precocious in development of the cultural variations between his land and our mostly-female dev team quickly became telling. Sensing the growing hostility in my work cluster, and distinctive the problem, I quietly organized for the W2 worker to attend a cultural sensitivity coaching seminar (couching it as a necessary attend for all employees), and taking aside the pained parties and asking in a well-mannered way to figure with Maine on desegregation him. In the end, he came to a lot of embarrassed, apologized, and our team ran like mechanism thenceforth
An advantage of a corporation is that
A. owners pay fewer taxes than owners of other forms of business.
B. the business is subject to little government intervention.
C. owners have limited liability for debt.
D. owners have direct and immediate control over daily management of the business.
Answers
Answer:
C. Owners have limited liability for debt
Image transcription textCOTB MC Qu. 5-56 (Algo) Assume the following information:
Assume the following information:
Amount
Per Unit
Sales
$ 300, 000
$ 40
Variable expenses
120 , 000
16
Contribution margin
180 , 000
$ 24
Fixed expenses
65, 000
Net operating income
$ 115, 000
If the variable expenses increase by $1 per unit, the advertising expenditures increase by $15,000, and unit sales increase by 5%, then the best of
estimate of the new net operating income is:... Show more
Answers
The best estimate of the new net operating income is $101,125. The new net operating income can be estimated by considering the changes in variable expenses, advertising expenditures, and unit sales.
First, let's calculate the change in variable expenses. Since the variable expenses increase by $1 per unit and the unit sales increase by 5%, we can find the new variable expenses by multiplying the original variable expenses per unit by the new unit sales quantity. The original variable expenses per unit is $16, so the new variable expenses would be $16 + $1 = $17 per unit. Since the original unit sales are $300,000 / $40 = 7,500 units, the new unit sales would be 7,500 units + 5% (7,500 units) = 7,875 units. Therefore, the new variable expenses would be $17 × 7,875 units = $133,875.
Next, the advertising expenditures increase by $15,000, so we add this amount to the fixed expenses, resulting in $65,000 + $15,000 = $80,000 in fixed expenses.
To calculate the new net operating income, we subtract the new variable expenses and fixed expenses from the new sales revenue. The new sales revenue is $40 × 7,875 units = $315,000. Subtracting the new variable expenses ($133,875) and fixed expenses ($80,000) from the new sales revenue gives us $315,000 - $133,875 - $80,000 = $101,125.
Therefore, the best estimate of the new net operating income is $101,125.
In summary, if the variable expenses increase by $1 per unit, advertising expenditures increase by $15,000, and unit sales increase by 5%, the best estimate of the new net operating income is $101,125.
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Providing prompt, accurate, and reliable information can helping bereaved persons with... (valuational tasks, affective tasks, cognitive tasks, behavioral tasks)
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Providing prompt, accurate, and reliable information can help bereaved persons with various tasks that they need to perform to cope with their loss. These tasks include valuational tasks, affective tasks,
cognitive tasks, and behavioral tasks.Valuational tasks are related to the individual's value system. In the context of bereavement, it involves the reassessment of the individual's values and priorities. Bereaved individuals are expected to find meaning in their experience of loss and develop new value systems to cope with their loss.Affective tasks are related to the emotions that bereaved individuals experience. These tasks involve the process of managing emotions, including recognizing, expressing, and regulating one's emotions.
Bereaved individuals must acknowledge and cope with the various emotions that arise from their loss, including grief, anger, guilt, and anxiety.Cognitive tasks involve the process of making sense of the loss and developing new perspectives to cope with it. Bereaved individuals must make sense of what happened and understand how it affects their lives. They must also develop new ways of thinking about their loss, which may include positive reappraisal or finding meaning in the loss.Behavioral tasks are related to the actions that bereaved individuals must take to adjust to their loss.
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According to henri fayol's principles of management, ____________ refers to systematically rewarding efforts that support the organization's direction.
Answers
According to henri fayol's principles of management, ORGANIZING refers to systematically rewarding efforts that support the organization's direction.
WHO ORGANIZES WHAT?
Parts and their relationships are the two main components of organizing since it is a system in which parts cooperate. Physical and human resources make up parts. Establishing authority ties between chosen individuals, tasks, and workspaces enables a group to collaborate effectively.
After planning, it's time to put the teams and resources in place so that the action plans may be carried out. To organize is to concentrate on how to accomplish goals. An organization can only function effectively if it is well organized, which implies the requirement for significant funding, resources, and personnel to enable the organization to run smoothly and construct an effective structure.
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What component of GDP would a consumer buying a new house affect?
O government spending
O net exports
investment
O consumer spending
Answers
Answer:
Explanation:
A: the government is not buying the home. You are. Not A
B: The house is not being moved on any soil but American Soil. Not B
C: You could argue that a home is an investment, but not to the GDP. The answer is not C.
D: GDP would call this consumer spending.
Answer:
consumer spending
This is because, consumer spending is the same as personal consumption expenditure
what is the role of directors in a corporation? choose 2 answers. the directors are trustees, holding title to the corporate property for the benefit of the corporation. the board of directors selects and removes the corporate officers. directors make policy decisions necessary for the management of the company. each individual director has the authority to act as an agent for the corporation to make contracts.
Answers
The two major role of the directors in a corporation are the board of directors selects and removes the corporate officers and the second one directors make policy decisions necessary for the management of the company.
The two correct answers for the role of the directors are as follow,
The directors make policy decisions necessary for the management of the company.
The board of directors is responsible for setting the company's overall strategic direction, establishing corporate policies, and making major business decisions.
They are accountable to the shareholders and are expected to act in the best interests of the corporation.
The board of directors selects and removes the corporate officers.
The board of directors is responsible for appointing, supervising, and removing the company's officers, such as the CEO, CFO, and COO.
These officers are responsible for the day-to-day operations of the company and are accountable to the board of directors.
The board of directors ensures that the officers are competent, ethical, and aligned with the company's objectives.
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which of the following is considered data? quantity ordered best customer by month best-selling item by month worst-selling item by month
Answers
This represents the number of units or items that business have been ordered. It can be recorded and used for analysis or decision-making purposes. The correct answer is a. quantity ordered best customer by month.
Tracking the quantity ordered over time can provide insights into sales trends or inventory management. Best customer by month: This refers to identifying the customer.
Who made the highest number of purchases or generated the most revenue within a specific month. This information can be collected and analyzed to identify valuable customers, personalize marketing efforts, or reward loyal clients. Best-selling item by month: This indicates the product or item that had the highest sales volume within a particular month. Keeping track of the best-selling items allows businesses to understand customer preferences, optimize inventory, and plan marketing strategies accordingly.
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Can Someone Please help me with this ASAP
From the following list of terms, select the one that best fits each definition below. Write your selected word on the lines provided.
Word bank:
feedback
empathy
active listening
credibility
consistency
packaging options
image
interpersonal
initiative
electronic
Questions:
1. One method of recording client requests. ____________________
2. A skill when using appropriate body language. ____________________
3. Good customer service builds the reputation, trust ____________________ of a business.
4. A communication skill needed to understand customers. ____________________
5. An example of choices that customers have. ____________________
6. Personal hygiene and grooming contribute to one’s ____________________.
7. Important in understanding the needs and point of view of a client. _____________________
8. Means reliability and constancy. ______________________
9. Employers appreciate workers who use their own ____________________ when making decisions.
10. When customers provide comments or reactions to customer service. ___________________
Answers
______________
1.One method of recording client requests. electronic. 2. A skill when using appropriate body language. _active listening 3. Good customer service builds the reputation, trust credibility of a business.__________. 4. A communication skill needed to understand customers. interpersonal 5. An example of choices that customers have. _packaging options. 6. Personal hygiene and grooming contribute to one’s_image. 7. Important in understanding the needs and point of view of a client. empathy. 8. Means reliability and constancy. consistency. 9. Employers appreciate workers who use their own ___initiative when making decisions. 10. When customers provide comments or reactions to customer service. feedback
The presence of a union places limits on the human resource management role. True False
Answers
The statement "The presence of a union places limits on the human resource management role" is true because union is an association of workers who are united to defend their interests and bargain collectively with the management of an organization or industry.
As a result, the human resource management (HRM) department in the organization will have to work within certain limits when dealing with unionized employees.
HRM will be required to negotiate and bargain with the union for employee wages, benefits, and other working conditions. HRM can't simply impose a decision on unionized employees without going through this process.
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Compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income. b. A payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property. c. Compensatory damages awarded on account of emotional distress cannot be excluded. d. Punitive damages are excluded from gross income. e. Compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.
Answers
Answer:
a. True.
b. True.
c. True.
d. False.
e. True.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
The following are considered when filing for tax;
a. True: compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income.
b. True: a payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property.
c. True: compensatory damages awarded on account of emotional distress cannot be excluded.
d. False: punitive damages are excluded from gross income. All punitive damages incurred by a business or an individual are to be included as part of gross income.
e. True: compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.
What is talent management?
ОА.
a strategic plan to coordinate the corporate strategy with the human resources functions
OB. a system that offers an apprenticeship for college graduates
Ос.
a strategic plan for attracting, developing, and retaining human capital
OD.
a method of hiring key management positions from the host country
Answers
Answer:
OC.
Explanation:
Which of these is a reason why a company may want to recruit internally? A Better chance of fresh ideas o B. Broader experience within the industry c. Familiarity with the company mission D. Saving money on salaries
Answers
Answer:
C. Familiarity with the company mission.
Explanation:
As a corporate director, I tend to seek talent within our organization for this very reason. Long term team members whom plan on growing with our organization are, at times, best suited for roles above their current level due to their loyalty and familiarity with the company mission. Promoting within gives great culture to a company and adds to overall moral.
como hacen las siclas para que uno no se caiga
Answers
con materials duro que aguantan bastante peso.
Answer:
lo que dijo thay
Explanation:
why might alexandria choose a local movie theater when she could see the same movies for less at a corporate establishment
Answers
It can be inferred that Alexandria may exhibit the above traits because of her philosophy of always helping local businesses. This may come from the understanding that local businesses support and create more employment.
Why is employment important?Employment is critical because it ensures that aggregate demand is constantly growing.
Without aggregate demand, there won't be supply and the economy collapses.
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1. The following are prohibited transactions and unvalid EXCEPT A. Selling of milk that has not been milked. B. Selling furs that have not been cut. C. Selling fruits before they are ripe.
D. Selling of property is known to all is illegal.
Answers
1. The following are prohibited transactions and unvalid EXCEPT Selling of property is known to all is illegal. The correct option is D.
The statement that selling property known to all is illegal is incorrect. Selling property is a common and legal practice, subject to compliance with applicable laws and regulations. The validity of a property transaction depends on factors such as ownership rights, legal documentation, and adherence to contractual obligations.
While it is essential to ensure transparency and disclosure in property transactions, the knowledge of the property being sold by others does not make the transaction illegal. In fact, public knowledge of a property can be beneficial in attracting potential buyers and facilitating a transparent sales process.
The legality of property transactions is governed by property laws, contracts, and relevant regulations. Property owners have the right to sell their property, provided they have legal ownership and can transfer the property rights to the buyer. The sale of property typically involves various steps, including title searches, due diligence, and the execution of a legally binding agreement.
It is important to note that there may be specific restrictions or regulations in certain jurisdictions or circumstances that govern the sale of specific types of property, such as protected heritage sites or public land. However, these restrictions are specific to certain properties and do not apply universally to all property transactions.
In conclusion, the selling of property known to all is not inherently illegal. Property transactions must adhere to legal requirements and contractual obligations to ensure their validity and legality. The correct option is D.
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Conduct a swot analysis with truth initiative
organization( tobacco use)and find this organization
1. strengths
2. weaknesses
3. opportunities
4. Threats
Answers
SWOT analysis for Truth Initiative, an organization focused on tobacco use: Strengths: Strong advocacy and educational campaigns.
Weaknesses: Limited funding sources, potential dependency on external partnerships, and challenges in reaching diverse populations.
Opportunities: Expanding global anti-tobacco efforts, increasing public awareness of tobacco-related health risks.
Threats: Tobacco industry opposition and marketing tactics, evolving tobacco products and alternative nicotine delivery systems.
Truth Initiative possesses several strengths that contribute to its effectiveness in addressing tobacco use. Their strong advocacy and educational campaigns have played a crucial role in raising awareness about the dangers of tobacco and influencing public opinion. Additionally, their well-established partnerships with government agencies, nonprofits, and community organizations enhance their reach and impact. Truth Initiative's expertise in tobacco control strategies and research provides them with a solid foundation for evidence-based interventions.
However, the organization also faces weaknesses. Limited funding sources can pose challenges in sustaining their initiatives and expanding their reach. Dependency on external partnerships may result in potential limitations and delays in decision-making processes. Additionally, reaching diverse populations, such as minority communities or low-income individuals, may require tailored approaches and additional resources to effectively address their specific needs and barriers to quitting tobacco.
There are opportunities for Truth Initiative to further advance their mission. With the increasing global momentum toward anti-tobacco efforts, the organization can contribute to and benefit from collaborations on an international scale. Expanding public awareness of tobacco-related health risks through targeted campaigns can help generate more support for tobacco control measures. Leveraging digital platforms for education and engagement presents an opportunity to reach larger audiences, particularly young people who are often targeted by tobacco industry marketing.
Nevertheless, there are threats that Truth Initiative must navigate. The tobacco industry continues to oppose tobacco control measures and employs sophisticated marketing tactics to attract new users. The emergence of evolving tobacco products and alternative nicotine delivery systems, such as e-cigarettes, poses challenges in regulation and education. Additionally, the progress made in tobacco control may lead to complacency among stakeholders, requiring continuous efforts to maintain public engagement and support for tobacco control policies.
By understanding these strengths, weaknesses, opportunities, and threats, Truth Initiative can make informed strategic decisions to address tobacco use effectively and maximize their impact in reducing tobacco-related harm.
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Select a topic and develop a curriculum targeted to 6th-grade students.
Provide an outline of the material and how it will be presented.
Defend your reasoning for the mode of delivery that was selected.
Submit a 450-word response about the topic, curriculum, material outline, and presentation method.
Answers
Explanation:
Provide an outline of the material and how it will be presented.
is the correct answer .
hope it is helpful to you☺️☺️☺️
A message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request
Answers
Answer:
D) information or action
Explanation:
These are the options for the question
A) settlements to claims
B) recommendations
C) adjustments
D) information or action
E) references
Routine request can be regarded as a request for information, which is been contained in case files, indices,schedules as well as dockets that doesn't look for impounded as well as confidential and sealed information.
When sending a routine email
that give recognizion for a job that is well done, the following should be included;
✓rationale that state work important of the work.
✓closing statement which encourages continued excellence.
✓specific descriptionthat explain purpose of the message.
It should be noted that message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request information or action
Suppose a ten-year, $1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for $1,035.44. a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yield to maturity changes to 9.6% APR, what will be the bond's price? a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? The bond's yield to maturity is \%. (Round to two decimal places.)
Answers
a. The bond's yield to maturity is 8.02%. (Round to two decimal places.)
b. If the bond's yield to maturity changes to 9.6% APR, the bond price is $970.30
The yield to maturity is the approximate yield on an investment like a bond if the investor keeps it until maturity and is paid all interest and principal payments due.
The yield to maturity is computed by dividing the bond's future cash flows by its current market price, resulting in an interest rate that balances the present value of future cash inflows to the current price paid for the bond.
Here, for a ten-year, $1,000 bond with an 8.8% coupon rate and semiannual coupons trading at $1,035.44, we can calculate the yield to maturity as follows:
PV = $1,035.44;
FV = $1,000;
n = 20;
PMT = $44, and solve for i.
Using the financial calculator or a spreadsheet function, the yield to maturity is calculated to be 8.02%.
b When the bond's yield to maturity increases to 9.6%, we can calculate the bond's new price by recalculating the present value of its future cash flows using the new interest rate.
We can calculate the bond's new price using the following formula:
PV = ($44/0.048) x [1 - 1/(1 + 0.048)²⁰] + $1,000/(1 + 0.048)²⁰
Using the financial calculator or a spreadsheet function, we can calculate the bond's new price to be $970.30.
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According to pixel farm, what was the most common shopping-related activity individuals do on their smartphones while shopping?.
Answers
information and communication technology or ICT, has had a significant impact on the marketing environment because it can be used to obtain cost and other relevant data prior to placing a purchase order.
Once the game 1st launches, you will be given an extremely brief tutorial. The guide is so simple that no words are used. You simply receive a series of arrows and symbols instructing you on how to purchase your 1st bundle of animals.
On mobile devices, 44% of people use social media. Emails yield comparable results, with only a 1% difference, 39% for smart phones and 40% for laptop computers. Information and communication technology can be used to obtain cost and other relevant data prior to placing a purchase order .
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how to measure economy output?
Answers
There are several different ways to measure economy output including Gross Domestic Product (GDP), Gross National Product (GNP), Index of Industrial Production (IIP) and unemployment rate.
Measuring the economy's output, also known as economic growth, is an important way to understand the overall health and performance of an economy.
One commonly used method for measuring economy output is Gross Domestic Product (GDP). GDP is a measure of the total value of all goods and services produced within a country over a given period of time.
It is calculated by adding up the value of all final goods and services produced, including consumer goods, investment goods, and government goods and services.
Another method for measuring economy output is Gross National Product (GNP). GNP is similar to GDP, but it includes the value of all goods and services produced by a country's citizens, regardless of where they are located. This can be useful for understanding the economic performance of a country with a large number of citizens living and working abroad.
A third method of measuring economy output is the Index of Industrial Production (IIP) which measures the growth of various sectors in an economy like agriculture, mining, manufacturing and electricity. It helps to identify the sectors that are driving the growth of the economy.
Finally, another way to measure economy output is by calculating the unemployment rate. This is the percentage of the labor force that is unemployed and actively seeking employment. A low unemployment rate is generally seen as an indicator of a healthy economy, while a high unemployment rate is often seen as a sign of economic weakness.
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4/ "People 3. How can you are attracted to the poultry farming these days" Explain with practical examples.people are attracted to the poultry farming these days explain with particle example
Answers
we can attracted to the poultry farming these days by saying eveyone to involve in this work and be excited
Which of the following projects is most likely be used in STEM education to learn technology concepts?
test different sandbag materials that can help prevent flooding
investigate search engine criteria to improve search results
O analyze cleaning products to determine which ones are eco-friendly
conduct a scavenger hunt to see who can find the most geometric shapes
Answers
Answer:
investigate search engine criteria to improve search resultsExplanation:
Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.
Since the focus is on learning technology concepts, the most likely, that is, the project that is closest to technology is investigating search engine criteria to improve search results.
The answer is:
A) investigate search engine criteria to improve search results1. Use a formula to calculate the percentage of expenses for the 2013 summer budget that was spent on rent for the event. Write the formula you used and the percentage you calculated, to two decimal places, in the cell below. Hint: Use order of operations principles for the formula. (5 points)
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
3. Current data can be used to predict future costs. Based on the budget for the last three summers, predict the amount of money that will be sponsored for each event in 2015. Write your prediction in the cell below, and explain how you arrived at your conclusion. Be sure to use currency formatting for the monetary amount. (5 points)
4. Based on the budget for the last three summers, predict the website hosting fee for August 2015. Write your prediction in cell A21, and explain how you arrived at your conclusion in cell A22. Be sure to use currency formatting for the monetary amount in cell A21. (5 points)
Answers
The formula that can be used to calculate the percentage of expenses from the budget will be (the amount spent on event × 100) / total expenses.
How to compute the formula?From the information given, the formula that can be used to calculate the percentage of expenses will be:
= (the amount spent on event × 100) / total expenses. The month of June will be:
= (195 × 100)/297
= 65.66%
The estimated cost for July 2014 using 7% sales tax will be:
= 360 + (7% × 360)
= $385.20
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Human resources planning and recruiting are two of the activities carried out during the development phase of human resources management. True False
Answers
Human resource planning and recruiting are not done during the development stage so this statement is FALSE.
During the Pre-hiring phase of human resource management:
Human resource managers engage in planning to decide which type of employee is needed and how to go about sourcing for them Human resource managers recruit the employees they think best fit the company and roleThese stages are therefore in the pre-hiring phase and not the development phase as the question infers.
In conclusion, this statement is false.
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How do the events of the nation affect the national debt?
Answers
Answer: Growing debt has a direct effect on economic growth and the opportunities available to every individual in the country. If excessive levels of debt crowd out private or public or mutual investments in capital goods or works, workers would have less to use and get from their jobs, which would translate to lower productivity work and, therefore, lower wages in multiple aspects of the country's work done. High levels of debt would affect many other aspects of the economy in the future. For eq, higher interest rates result from increased borrowing from multiple agencies and invite under the various segments of college education house loan work loan. Less education and work opportunities will need skills up for various degrees and work to be followed under any scheme.
Explanation:
If we fail to act before a stipulated time the long time fiscal challenges will remain unaddressed and unchanged. The economic crisis and the overall economic environment weaken as confidence suffers, the access to capital funds gets reduced, interest costs crowd out key investments in our future, the conditions for growth deteriorate, and our nation is put at greater risk of economic crisis. If our long-term fiscal imbalance is not addressed, our future economy will be minimized, with fewer economic opportunities for families and workers down there in their own country.Competition among sellers (producers) lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy.
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Answers
Answer:
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
Free market competition is advantageous to the consumer because it promotes the supply of many goods and services, at a lower price than other market structures like oligopoly or monopoly.
In the free market, there are many firms, none have market power, and they produce goods and services that have many substitutes. This means that if a firm raises the price of a good, consumers simply flock to another firm that offers a similar product. This mechanism obliges firms to offer their goods at the market-clearing price, which is the best price for the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Oligopolies ocurr when there are only a few firms in the market, and monopoly ocurrs when there is only one firm. These two market structures allow firms to charge higher prices than the market-clearing price, and to supply less quantity than the market-clearing quantity.
Besides, oligpolies and monopolies are characterized by high barriers to entry and exit, which keep potential competing firms out of market, inhibiting competition.
ABC company acquired a decision support system. There requires a role to handle management issue usage in it. State and briefly describe this role. (5 marks)
(b) ABC company wishes to facilitate its executives to analyse information with ease by means of digital dashboard. In the viewpoint as ABC’s information technology consultant, what key concept of decision support does it need? Briefly explain it. (5 marks)
(c) Describe ONE example usage of task management software in the context of collaboration software. (5 marks)
(d) In MS Access, if you wish to make any field mandatory in data entry, what field property and field property expression do you need to set in that field? (3 marks)
(e) In MS Excel, suggest TWO alignment formats available to a cell.
Answers
(a) The role required to handle management issue usage in the decision support system (DSS) is a "DSS Administrator" or "DSS Manager." This role is responsible for overseeing the implementation, configuration, and maintenance of the DSS within the organization.
(b) The key concept of decision support that ABC company needs to facilitate executives in analyzing information with ease through a digital dashboard is "data visualization." Data visualization involves representing complex data and information visually using charts, graphs, and other graphical elements. It allows executives to quickly grasp patterns, trends, and insights by presenting information in a visual format. Digital dashboards utilize data visualization techniques to display key performance indicators (KPIs), metrics, and other relevant information in a visually appealing and intuitive manner.
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Which of the following is not a purpose of credit counseling?
O A. To provide borrowers with short-term loans
O B. To help a borrower avoid bankruptcy
O C. To help a borrower develop a debt management plan
O D. To teach good borrowing habits
the
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All the above are the purposes of credit counselling except A. To provide borrowers with short-term loans
Credit counselling refers to advice given to borrowers to:
Help them avoid bankruptcy Help them develop a debt management plan Teach them habits that will ensure they don't borrow in a dangerous wayDebt counselling is meant to help borrowers avoid the adverse effects of borrowing and is not meant to provide borrowers with even more avenues for borrowing.
In conclusion, credit counselling is not meant to provide borrowers with more loans.
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