which warehouse productivity measure provides a good assessment for the speed of warehouse worker activity? lines per hour orders per hour items per hour all of the above none of the above

Answers

Answer 1

The term "rate of change" refers to the change in value over time as a whole. By the end of the second day, they had shipped 288 orders, which indicates that the requirement had been satisfied.

Here, the rate of work completion is 6 orders per hour, the number of orders that must be dispatched in 48 hours is 48 (6), and there are 2 days and 24 hours in a week. As per the statement, the warehouse says that by the end of the second day, 288 orders had been packed and sent.

By the end of the second day, they had shipped 288 orders, which indicates that the requirement had been satisfied. Due to this, Basic Office Supplies' warehouse is required to pack and ship 6 orders every hour in order to fulfil its production orders. The warehouse is open around-the-clock. It will be possible to tell if the warehouse.

complete question:

Which warehouse productivity measure provides a good assessment for the speed of warehouse worker activity? lines per hour orders per hour items per hour all of the above none of the above the warehouse rund 24 hours per day. If the warehouse reports that they have packed and shipped 288 orders by the end of the second day, are they meeting their goal of 6 orders every hour?

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Related Questions

Many European firms have a business culture that gives workers almost equal standing to that of managers. How does this approach affect company operations?

Answers

Many European firms have a business culture that gives workers almost equal standing to that of managers. This approach affects company operations in several ways:



1. Improved communication: With a flatter organizational structure, communication between workers and managers becomes more open and transparent. This can lead to better decision-making and more efficient problem-solving.


2. Enhanced collaboration: By giving workers and managers equal standing, European firms promote a collaborative work environment where everyone's ideas are valued. This can result in increased creativity, innovation, and teamwork.



3. Greater employee satisfaction and retention: When workers feel respected and valued by their managers, they are more likely to be satisfied with their jobs and remain with the company for a longer period. This can reduce turnover costs and help maintain a stable workforce.


4. Increased motivation and productivity: Employees who feel empowered and have a sense of ownership over their work are often more motivated and productive. This can lead to better overall performance for the company.


5. Shared responsibility and accountability: With a more equal standing between workers and managers, responsibility and accountability are shared more evenly throughout the organization. This can encourage everyone to take ownership of their roles and contribute to the success of the company.


In summary, by giving workers almost equal standing to managers, many European firms create a more inclusive, collaborative, and efficient work environment that can positively impact company operations.

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A ________ matrix captures which activities have to be ________ before other activities can start.
dependency, scheduled
network, scheduled
network, completed
dependency, completed

Answers

dependency, completed. A dependency matrix captures which activities have to be completed before other activities can start.

This matrix helps to define the relationships and dependencies between different tasks or activities within a project or process. it provides a visual representation of the order in which activities should be executed to ensure smooth progress and successful completion of the overall project.

On the other hand, a scheduled network, commonly known as a project schedule or gantt chart, represents the planned timeline of activities, their durations, and their interdependencies. while it provides a visual representation of the project's timeline, it does not explicitly indicate the specific dependencies between activities.

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Stock markets are a economic type of globalization
TRUE OR FALCE

Answers

Answer:

the answer is true I guess

Answer:

true

Explanation:

suppose that the shipping term is fob destination. at the end of an accounting period, goods in transit should be included in the ending

Answers

Goods in transit should be included in the ending inventory balance.

FOB Destination means the seller has to bear the transportation costs and assume all risks during the delivery of goods to the buyer's place of business. Therefore, until the goods reach the destination, they are still considered as part of the seller's inventory, and the buyer does not take ownership until the goods arrive at their destination. As a result, goods in transit should be included in the seller's ending inventory balance at the end of an accounting period.

It's important to note that the inclusion of goods in transit depends on the shipping term. For example, if the shipping term is FOB Shipping Point, the goods are considered part of the buyer's inventory once they leave the seller's location.

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they have more than 10 monthly payments remaining on each of the following: $220 for a car,$175 for new furniture, and $210 on a college education loan. their bank will approve a loan that has a total monthly house payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. determine the amount paid for points.

Answers


To determine the amount paid for points, we need more information about the loan. The question doesn't provide the interest rate or the loan term, which are necessary to calculate the points.

In order to determine the amount paid for points, we need to know the interest rate and the loan term. Points, also known as loan origination fees, are upfront fees paid to the lender at closing in exchange for a lower interest rate on the loan. Each point typically costs 1% of the total loan amount.

Without the interest rate and loan term, we cannot calculate the points. If you have this information, please provide it so that we can assist you further.

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In response to threats from such companies as Amazon, established manufacturers and retailers became "brick-and-click" oriented by adding online services to their existing offerings. This is known as ________. Group of answer choices

Answers

Answer:

Re-intermediation

Explanation:

Re-intermediation is the method applied by most businesses in using the internet to bring together new customers for a business. The advent of technology can afford business owners the possibility of eliminating physical intermediaries in a business. For example, house agents help people who are seeking for new places to live in, find houses easily. Through the internet, however, landlords can directly advertise their vacant houses, thus eliminating the agent relationship which would have served as an intermediary.

So, when established manufacturers by-pass Amazon (which is an intermediary between buyers and sellers) by adding online services to their existing offerings, they have done a re-intermediation.

Suppose that the full employment level of nominal GDP rises in one year from ​$13.8 to ​$14.2 trillion. The​ long-run equilibrium price​ level, however, remains unchanged at 115. By how much​ (in real​ dollars) has the​ long-run aggregate supply curve shifted to the right from one year to the​ next? ​$ nothing trillion. ​(Round your answer to two decimal places.​) By how​ much, if​ any, has the aggregate demand curveLOADING... shifted to the​ right?

Answers

Answer: ​The answer is that, AD has shifted to exactly $0.35 trillion.

Explanation:

It should be noticed that, AD has been shifted to exactly ​$0.35 trillion (Rounded in two decimal places.​) when the the​ long-run aggregate supply curve shifted to the right from one year to the​ next.

What types of information does a W-2 form contain? Check all that apply

Answers

Answer:

Normally "check all that apply" is followed by answers to check...

Explanation:

A W-2 is a Tax statement

Employers will consider an application valid even if it has not been signed.
T or F

Answers

That is true employers will consider an application valid without a signature

Which of the following is usually an effect of an embargo?

A. Prices fall because consumers have more options
B. Prices rise because consumers have fewer options
C. Countries benefit because open trade is encouraged
D. Smaller countries give in to the demands of larger countries

Answers

Answer: b

Explanation:

Answer: Correct option is B

Price rise because consumers have more options

Explanation:    Lack of competition drives up  INCREASE in the prices for consumers.  In a price of increase for such product such as drugs.  As fewer large players have controlled more of the market, mark-ups have tripled increase the price, and consumer has a few options. Families are paying higher prices for necessities things like prescription drugs, hearing aids, and internet service.  Prohibited for such product so that's why the price will rise in this condition consumer have fewer option.

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Think of an example of a time that you experienced or that you heard about when consumer perception influenced demand. What were the effects of this perception?

Answers

One example of when consumer perception influenced demand is when the concept that Japanese made cars were more durable than Chinese cars.

What were the effects of this perception?

This perception tended to increase the demand for not just Japanese cars but for Japanese products.

It is believed that Japanese are very strong on quality and excellent processes, hence the high quality of their products.

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You want to examine the effects of whether micro- and small firms are formalised on the firms' profitability using data of about 6,000 firms in 50 industries in 2018 and 2019. You have the following variables in the data: return on assets (roa), a dummy variable for whether the firms are formalised (formal), total assets (assets), and number of workers (workers).
(a) Present and describe a fixed-effect model to examine the relationship. [50%]
(b) A classmate of yours suggests you should use a random-effect model instead. Describe the key different assumptions of fixed- and random-effect models and assess which assumption do you think is more likely to hold in the estimation of the relationship above. [50%]

Answers

(a) The fixed-effect model includes firm-specific fixed effects to examine the relationship between formalisation and profitability, controlling for time-invariant heterogeneity.

(b) The fixed-effect model is more suitable as it accounts for firm-specific factors that may affect both formalisation and profitability, addressing potential endogeneity issues.

(a) In the fixed-effect model, we include firm-specific fixed effects to capture time-invariant heterogeneity. This allows us to control for factors that are specific to each firm and remain constant over time. By including these fixed effects, we can better isolate the relationship between formalisation and profitability, considering the potential influence of unobservable firm-specific characteristics.

(b) The fixed-effect model is more appropriate in this case as the decision to formalise is likely influenced by firm-specific factors that may also impact profitability. By including fixed effects, we can address potential endogeneity issues and obtain more reliable estimates of the relationship between formalisation and profitability by isolating the within-firm variation.

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Franchising is a type of contractual ________ marketing system.

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Franchising is a type of contractual distribution marketing system.

Franchising is a business model where one party, known as the franchisor, grants the rights to another party, known as the franchisee, to operate a business using its established brand, trademarks, products, and business model.

It involves a contractual agreement between the franchisor and the franchisee, outlining the terms and conditions under which the franchisee can operate the business. The franchisor provides support, guidance, and access to their established marketing and operational systems, while the franchisee pays fees or royalties in return.

Franchising is a form of contractual distribution marketing system where the franchisor grants rights to a franchisee to operate a business using their established brand and business model. This allows for the expansion of the franchisor's business through the efforts and investment of the franchisees.

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As some of the earliest management theories, scientific management and administrative management comprise the ________ viewpoint. behavioral quantitative systems contemporary classical

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The management viewpoint which is made up of the scientific management and administrative management is known as:

E. Classical viewpoint

According to the given question, we are asked to state the name which is given to the management viewpoint which is made up of the scientific management and administrative management.

As a result of this, we can see that this is one of the earliest management theories as this has to do with the different methods of managing people and resources in a market system.

Therefore, the correct answer is option E

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How much is a standard tip?
•10-15 percent
•15-20 percent
•20-25 percent
•25-30 percent

Answers

Answer: B) 15-20 percent

Meet Megan: Lives in a suburb of San Jose, CA and is trying to decide between San Jose State University and Santa Clara University Both are close to home, but she wants to live on campus instead of with her mother and stepfather She came across the Consumer Financial Protection Board’s school comparison tool and decides to input her numbers Qualifies for in outside scholarships won through an essay contest Has saved $1500 she can contribute toward tuition; her parents cannot afford to help Got $3000 in Perkins loans, $3000 in Federal Subsidized loans, and $2500 in Federal Unsubsidized loans Is going to take any of the remaining balance in private loans at an interest rate of 7. 9% How much debt will she have at graduation for San Jose State University? What will her monthly loan payment be?

Answers

Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.

Megan, a resident of a San Jose suburb, is considering attending either San Jose State University or Santa Clara University. As she prefers living on campus rather than with her parents, Megan decides to utilize the Consumer Financial Protection Board's school comparison tool to evaluate her options. She qualifies for outside scholarships won through an essay contest and has $1,500 in savings to contribute towards tuition. Her parents are unable to provide financial assistance. Megan secures $3,000 in Perkins loans, $3,000 in Federal Subsidized loans, and $2,500 in Federal Unsubsidized loans. To cover the remaining balance, she plans to take out private loans with an interest rate of 7.9%.

At graduation from San Jose State University, Megan's total debt is estimated to be the sum of her loans, which amounts to $10,000 in Perkins loans, $3,000 in Federal Subsidized loans, $2,500 in Federal Unsubsidized loans, and the private loans she takes out. The debt from private loans will depend on the amount Megan borrows.

To determine Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.

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Why is it important to have insurance?
It's important to have insurance so people can
protect themselves from losing a lot of money in
the event of an unpredictable event or something
happens to them or their property.
So individuals can defend against the possibility of
financial loss due to unpredictable event
So people can engage in risky behavior without
financial consequences
A and B

Answers

It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something that happens to them or their property. So individuals can defend against the possibility of financial loss due to unpredictable events. The correct options are a and b.

What is insurance?

Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.

It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

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what can firms do in terms of a high-level emergency preparedness plan to protect their information from human-made and natural disasters?

Answers

Firms can take several steps to protect their information from human-made and natural disasters in a high-level emergency preparedness plan.

Firstly, they should conduct a risk assessment to identify potential threats and vulnerabilities to their information assets. Based on this assessment, they can develop a business continuity plan that outlines procedures for responding to emergencies, such as power outages, floods, fires, and cyber-attacks.


To ensure the continuity of their operations, firms should also establish backup and recovery procedures for critical data and applications. This includes backing up data regularly, testing backup systems, and storing backups in secure off-site locations.


Furthermore, firms should train employees on emergency response procedures and security awareness to minimize the impact of any disaster. They should also have an incident response team in place that can quickly and efficiently respond to emergencies.


Overall, having a high-level emergency preparedness plan is essential for firms to protect their information assets from human-made and natural disasters. It helps to ensure the continuity of their operations, minimize downtime, and prevent loss of critical data.

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Which of the following is not a reason that the subject line should never be
left blank?
• A. The receiver may be
confused and decide to delay opening it.

B. The receiver may think the message iS spam.
C. The email will not be transmitted without that information.
D. The receiver may not consider the message important.

Answers

Answer: C. The email will not be transmitted without that information is not a reason that the subject line should never be left blank. The email can be transmitted without a subject line, it just may be less likely to be opened or considered important by the receiver.

Explanation:

Answer:

C. The email will not be transmitted without that information.

A subject line is important in an email because it gives the receiver an idea of what the email is about and whether or not it is important or relevant to them. Leaving the subject line blank can cause confusion, delay the receiver opening the email or even mark it as spam, and make the receiver not consider the message important. But an email will be transmitted without a subject line, it's just that the receiver may not understand the content of the email.

In the framework of monopolistic competition advertising works because it causes
A) the steeper perceived demand curve to become flatter
B) perceived demand curce to shift to the left
C) perceived demand curve to shift to the right.
D) a steeper perceived demand curve, as well as c above.

Answers

In the framework of monopolistic competition, advertising works because it causes perceived demand curve to shift to the right. Option C is correct.

By promoting a unique selling proposition or differentiation, advertising helps firms establish brand recognition and loyalty among consumers. This, in turn, increases the perceived value of the product and shifts the demand curve to the right. As a result, firms can charge a higher price and enjoy higher profits.

Additionally, advertising can also help firms compete with similar products in the market by highlighting their unique features and benefits. Overall, advertising is an effective tool for firms operating in monopolistic competition as it helps them differentiate themselves from their competitors and capture a larger market share.

Option C is correct.

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Lately, Marcus has noticed a lot of customer complaints that items purchased from his web store don't meet expectations. What improvement to the website will best help to solve this problem so customers know better what to expect when they buy items from his website

Answers

The improvement to this website that would best help to solve the problem so that customers would know what best to expect are High-quality product photos.

The issue is that there is disconnection between what the customers see and what they get.

In order to meet with customer complaints, Marcus has to listen to the problems that they seem to be having.

Then he has to effect the required changes by creating a connection between what his customers see and what they get.

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true or false. the first leaf in the shamrock organization consists of a core group of ""freelancers"" and ""independent contractors.""

Answers

A core group of "freelancers" and "independent contractors" make up the Shamrock association's first leaf. It's false.

The term Shamrock Organization was chased by Irish academic and operation expert Charles Handy in his 1989 book" The Age of Delirium", in reference to his understanding and interpretation of an association's structures and systems.

The shamrock association describes a type of organizational structure with three corridor, or leaves “ A form of association grounded around a core of essential directors and workers supported by outside contractors and part- time help ”.

This structure permits the buying- in of services as demanded, with consequent reductions in over-head costs. The first four- splint clover is the professional core.

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from 2009 to 2018, general motors' sales were rising. these events were mainly caused by group of answer choices an economic expansion. improving quality of service. an increase in advertising. an economic recession.

Answers

From 2009 to 2018, General Motors' sales were rising. These events were mainly caused by an economic expansion. Therefore, correct answer is  economic recession.

The following Events were mainly caused by?

From 2009 to 2018, General Motors' sales were rising. These events were mainly caused by an economic expansion. This means that during this time period, the overall economy was growing, leading to an increase in consumer confidence and spending. As a result, General Motors was able to sell more cars and increase their revenue.

While improving the quality of service and increasing advertising can also contribute to increased sales, in this case, the economic expansion was the main driver of General Motors' rising sales. An economic recession, on the other hand, would have the opposite effect, leading to a decrease in consumer spending and potentially causing General Motors' sales to decline.

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which of the following statements is correct? a. one advantage of the npv over the mirr method is that npv takes account of cash flows over a project's full life whereas mirr does not. b. one advantage of the npv over the mirr method is that npv discounts cash flows whereas the mirr is based on undiscounted cash flows. c. one advantage of the npv over the irr is that npv takes account of cash flows over a project's full life whereas irr does not. d. since cash flows under the irr and mirr are both discounted at the same rate (the cost of capital), these two methods always rank mutually exclusive projects in the same order. e. one advantage of the npv over the irr is that npv assumes that cash flows will be reinvested at the cost of capital, whereas irr assumes that cash flows are reinvested at the irr. the npv assumption is generally more appropriate.

Answers

One advantage of NPV over MIRR is that it considers cash flows throughout the course of a project's whole life, whereas MIRR does not.

One benefit of NPV over IRR is that NPV considers cash flows throughout the course of a project's whole life, whereas IRR does not. The fact that the NPV assumes cash flows will be reinvested at the WACC rather than the IRR, which assumes that cash flows are reinvested at the IRR, is one advantage of NPV over IRR.

In general, the NPV assumption is more appropriate. These two approaches always rank projects that are mutually incompatible in the same order since the cash flows under the IRR and MIRR are both discounted at the same rate (the WACC). The fact that the NPV technique discounts cash flows while the MIRR method is based on undiscounted cash flows is one benefit over the MIRR method.

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A beta distribution center worker was injured when she tried to remove items on the shelf and not a heavy box onto her for a week later some posters stored in tubes rolled off another shelf and into an ally second worker tripped over tube and for which of the following measures with best prevent this type of safety problem at beta

Answers

Answer:

C. Teach procedures for stacking items in straight, even loads.

Explanation:

Answer:

teach procedures for stacking items in straight, even loads.

Explanation:

Explain one role of the forms of ownership in developing the economy​

Answers

One role of the forms of ownership in developing the economy​ is the provision of jobs.

There are different forms of ownership such as sole proprietorship, partnership, limited liability company, etc.

It should be noted that these companies are vital in the provision of jobs to the people. When people have jobs, they can be able to purchase goods and services and improve their living standards.

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Skinny Dippers inc. produces nonfot frozen yogurt. The product is sold in ten-gallon containers, which have the following price and variable costs: Sales price $44
Diect material 17
Direct labor 9
Variable overhead 11
Budgeted fixed overhead in 20x1, the company's first year of operations, was $240,000 Actual production was 80.000 ten-galion containers, of which 76.000 were sold Skinny Dippers inci incurred the following selling and administrative expenses: Fixed $160.000 for the year
Variable $ 1 per container sold
Required: 1. Compute the product cost per container of frozen yogurt under (o) variable costing and (b) absorption costing
2-a. Prepare an operating income statement for 20×1 using absorption costing 2-b. Prepare an operating income statement for 20×1 using variable costing 3. Reconcie the operating income reported under the two methods by listing the two key ploces where the income statements differ 4. Reconcile the operating income reported under the two methods using the shoncut method

Answers

1: The product cost per container of frozen yogurt is $37 under variable costing and $40 under absorption costing.

2: The operating income for 20×1 is $56,000 under both absorption costing and variable costing methods.

3: The income statements differ in the treatment of fixed overhead and fixed selling/administrative expenses. Absorption costing includes fixed overhead in the product cost and considers fixed expenses as part of operating income, while variable costing treats them as separate period costs.

4: The difference in operating income is $12,000, with absorption costing reporting a higher income.

1. Product cost per container of frozen yogurt:

(a) Variable costing:

Direct materials: $17

Direct labor: $9

Variable overhead: $11

Total variable cost per container: $17 + $9 + $11 = $37

(b) Absorption costing:

Product cost per container includes both variable costs and a portion of fixed overhead. Assuming all 80,000 containers were produced:

Fixed overhead per container = Budgeted fixed overhead / Total units produced = $240,000 / 80,000 = $3 per container

Total product cost per container under absorption costing = Variable cost per container + Fixed overhead per container

Total product cost per container = $37 + $3 = $40

2. Operating income statement for 20×1:

(a) Using absorption costing:

Sales revenue: 76,000 containers * $44 = $3,344,000

Cost of goods sold:

  Variable costs: 76,000 containers * $37 = $2,812,000

  Fixed overhead: 80,000 containers * $3 = $240,000

  Total cost of goods sold: $2,812,000 + $240,000 = $3,052,000

Gross profit: $3,344,000 - $3,052,000 = $292,000

Operating expenses:

  Fixed selling and administrative expenses: $160,000

  Variable selling and administrative expenses: 76,000 containers * $1 = $76,000

  Total operating expenses: $160,000 + $76,000 = $236,000

Operating income: $292,000 - $236,000 = $56,000

(b) Using variable costing:

Operating income: Sales revenue - Total variable costs - Total fixed overhead - Total variable selling and administrative expenses

Operating income: $3,344,000 - ($37 * 76,000) - ($3 * 80,000) - ($1 * 76,000) = $56,000

3. The key places where the income statements differ under absorption costing and variable costing are:

- Treatment of fixed overhead: Absorption costing includes a portion of fixed overhead in the product cost per unit, while variable costing treats fixed overhead as a period cost and does not include it in the product cost per unit.

- Treatment of fixed selling and administrative expenses: Absorption costing includes fixed selling and administrative expenses in the operating income calculation, while variable costing treats them as period costs deducted from the total contribution margin.

4. Reconciliation using the shortcut method:

The difference in operating income between absorption costing and variable costing can be calculated by multiplying the change in inventory units by the fixed overhead rate per unit.

Change in inventory units = Total units produced - Units sold

Change in inventory units = 80,000 - 76,000 = 4,000 units

Difference in operating income = Change in inventory units * Fixed overhead rate per unit

Difference in operating income = 4,000 units * $3 per unit = $12,000

Therefore, the operating income under absorption costing is $12,000 higher than under variable costing.

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(Solving for i​)
You are considering investing in a security that will pay you ​$1,000 in 29 years.
a. If the appropriate discount rate is 10 percent​, what is the present value of this​ investment?
b. Assume these investments sell for ​$364 in return for which you receive ​$1,000 in 29 years. What is the rate of return investors earn on this investment if they buy it for ​$364​?
Question content area bottom
Part 1
a. If the appropriate discount rate is 10 ​percent, the present value of this investment is ​$63.0563.05.
​(Round to the nearest​ cent.)
Part 2
b. The rate of return investors can earn on this investment if they buy it for ​$364 is enter your response here​%.
​(Round to two decimal​ places.)

Answers

The present value of the investment is $63.05 andthe rate of return investors can earn on this investment if they buy it for $364 is 7.39%.

Part 1:

a. To calculate the present value of the investment, we can use the formula for the present value of a future cash flow:

Present Value = Future Value / \((1 + Discount Rate)^n\)

Future Value = $1,000

Discount Rate = 10% or 0.10

n = 29 years

Plugging in the values, we have:

Present Value = $1,000 /\((1 + 0.10)^29\)

= $1,000 / \((1.10)^29\)

= $63.05

Part 2:

b. To calculate the rate of return on the investment, we can rearrange the formula for the present value and solve for the discount rate:

Discount Rate = \((Future Value / Present Value)^(1/n) - 1\)

Future Value = $1,000

Present Value = $364

n = 29 years

Plugging in the values, we have:

Discount Rate = \(($1,000 / $364)^(1/29) - 1\)

=\((2.7473)^(1/29) - 1\)

= 0.0739

To convert it to a percentage, we multiply by 100:

Rate of Return = 0.0739 * 100

= 7.39%

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Imagine the tea market has a demand function of QDX = 10 – 2PX and a supply function of QSX = PX − 2, where PX is the price of the tea. Assuming the price is at equilibrium, calculate the equilibrium price (P*). ​

Answers

Consider a market for tea where the supply function is QSX = PX 2 and the demand function is QDX = 10 - 2PX, where PX is the price of the tea. Considering that the price is balanced, , the equilibrium price (P*) is 4.

To find the equilibrium price (P*), we need to set the demand and supply functions equal to each other and solve for PX:

QDX = QSX

10 – 2PX = PX – 2

Adding 2PX to both sides:

10 = 3PX – 2

Adding 2 to both sides:

12 = 3PX

Dividing both sides by 3:

PX = 4

Therefore, the equilibrium price (P*) is 4.

Equilibrium price is the price at which the quantity demanded of a product or service equals the quantity supplied, resulting in a market in which there is no shortage or surplus of the product. It is the price where buyers and sellers are in agreement, and there is no tendency for the price to change.

At the equilibrium price, the market is said to be in a state of balance, where the quantity of goods or services supplied by producers is equal to the quantity demanded by consumers, resulting in an efficient allocation of resources.

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A group consists of key representatives from all departments in the product development process, such as marketing, sales, finance, and manufacturing. These core members have primary responsibility for the product, with supporting resources as needed. This is an example of a(n) self-managed team. cross-functional team. flexible workforce. extended team. CRM team.

Answers

Answer:

self-managed team

Explanation:

The self-managed team is a team of people who are working in a group belonging from different specialization that is responsible and accountable with respect to the product production and service delivering

Here, in the given question it is mentioned that the core members have responsibility for the product or the resources required

Therefore the first option is correct

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