Giving employees the authority to commit and use resources to complete tasks is a key component of the delegation of authority idea.
The concept of delegation of authority moves power from a management to an employee. An employee's productivity and effectiveness are increased by this authority transfer. Employee underutilization results from failing to allocate authority and control to staff members. Managers in this situation give different team members varied assignments to complete the projects. Employees in a team are given the authority to complete the duties allocated thanks to this task assignment.
Accountability refers to the idea that a worker is responsible to his manager for his actions. The employee must explain their decisions to supervisors and provide task updates. The delegation of authority includes accountability in some ways. Managers need to be responsible for their own behavior and actions.
There is absolutely no connection between the issue and employees downsizing. By terminating the employment agreements with teams and individuals who are not producing, an organization's workforce is permanently delegation of authority reduced. This is frequently used when a employees corporation experiences economic setbacks and subsequently begins to experience business setbacks as well.
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if an increase in price results in a relatively large decrease in demand for the product, the firm cannot easily increase its profit margin. this demonstrates which of porter’s 5 forces?
If an increase in price results in a relatively large decrease in demand for the product, the firm cannot easily increase its profit margin. Porter’s 5 forces are customers, human resources management, supply, competitive advantage, large production, or purchasing power.
1. customers
Since the quantity demanded changes because of an increase in price, the factor here is customers. Due to the law of demand, the customers decrease quantity when prices increase.
2. human resources management
Human resources management is concerned with areas related to personnel such as employee training, education etc. This department is very significant in any business enterprise because it directly deals with the people of the business.
3. supply
Labour unions relate to the supply side of labor markets. When labor unions have strict control over labor supply, then manufacturers cannot influence the wage rates significantly. Due to inequality between labor demand and supply, they have to pay higher wages.
4. competitive advantage
Simon sells products with higher perceived values. This implies that he has a competitive advantage over his competitors since the competitors lack this value perception by the customers.
5. large production or purchasing power
Economies of scale refer to taking advantage due to large scale. The advantage can be in terms of lesser costs since costs get significantly divided among large production or there is greater purchasing power within the business.
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nadia needs help running her bakery. nadia contacts her friend zoey, who has baking experience but lives in another state, and offers zoey a job. nadia orally promises zoey that she will employ zoey for at least two years. zoey quits her job in the other state, moves her family, and begins to work for nadia. after three months, nadia terminates zoey’s employment. zoey sues nadia, claiming they had a contract for two years. if nadia defends the lawsuit by claiming the contract could not be enforced because it violates the statute of frauds, the court will likely hold in favor of: (note: we will learn about the statute of frauds in the next chapter.)
The termination of contract made for two years between Ndia nd Zoey which,violates the statute of frauds, the court will likely hold in favor of C. Zoey, under the theory of promissory estoppel.
What is contract?Contract can be regarded as the agreement that exist between two party whereby the two party agree on a particular term under the law.
In the case of how zoey sues Nadia, we can see that Zoey is on her right because the agreement that was made by her employer who is Nadia was base on the period of two years, however her employer went to terminate the contract after three month which is a breach in the agreement.
Since she was able to sue her employer , it should be noted that the court will be on the favor of Zoey because if this is considered under the theory of promissory estoppel then her her employer will be forced to pay for the breach of the agreement that took place between them.
Therefore, option C is correct.
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Check the missing options:
A. Nadia, because enforcement of the promise is necessary to avoid injustice.
B. Zoey, because the agreement violated the statute of frauds.
C. Zoey, under the theory of promissory estoppel.
D. Nadia, under the theory of promissory estoppel.
Answer:a,c,d
Explanation:
term life insurance whole life insurance universal life insurance i’d like to be able to review the investment portion of my plan separately from the portion that is purely insurance. i only need life insurance until my kids graduate from college. i’m worried that my health might decline and want to secure a steady premium that won’t be contingent on passing medical exams in the future. if i decide to cancel my policy while i’m still alive, i want access to the cash value.
The term life insurance whole life insurance universal life insurance is that i’m worried that my health might decline and want to secure a steady premium that won’t be contingent on passing medical exams in the future.
What is life insurance?life insurance can be described as a type of insurance that is been entered in the insurance company so that the life of the client will be insured in the sense that they can pay death beneficiaries after the death of the client.
It should be noted that some premium amount will be paid by the client as agreed with the company.
Therefore the third option is correct.
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What type of function does a project management tool have that a task management tool does not?
file sharing
progress tracking
commenting
budgeting
The commenting are type of function does a project management tool have that a task management tool does not. Thus, option (c) is correct.
What is management?
The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession.
The management are the division of the different departments are the created such as project management and the task management. The file sharing, progress tracking, and budgeting. But, the commenting is not the function of the task management tool.
As a result, the commenting is not the function does a project management tool have that a task management tool does not. Therefore, option (c) is correct.
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melissa called genavive into her office to ask genavive for an update on how the union organizing activites were going. it appears that melissa violated which of the no tips rules for what management cannot do for labor elections?
Melissa violated no spying rule NLRB
To bargain with your employer about your terms and conditions of employment, you have the right to form a union.
You are allowed to do things like hand out union materials, wear union buttons, t-shirts, or other symbols (aside from in exceptionally rare "special situations"), ask coworkers to sign authorization forms for the union, and talk to them about the union.
Supervisors and managers are prohibited from surveilling you (or giving the impression that they are doing so), interrogating you under duress, threatening you, or offering you bribes in relation to your union involvement or the union activity of your coworkers.
These behaviors are not grounds for termination, disciplinary action, demotion, or other type of punishment. for labor elections.
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natalie loves her work at the shoe production facility. she is inspired by the company because, for every pair of shoes someone buys, the company gives a pair of shoes to a child in need. what type of leadership is this company providing that empowers natalie?
Since, the company is trying to create a meaningful impact on society by providing shoes to a child in need, the company is providing meaningful leadership.
When you lead in a meaningful way, you are thoughtful about the effect you have and the people you create. Leaders in any business should place a high premium on providing meaningful leadership. Meaningful work accomplishes two main objectives. The goals of your group are achieved, and it sustains teammates involvement. To be a great leader, one must possess a clear vision, be capable of communicating that vision to other members of the team, be capable of organizing efficiently and efficiently, inspire everyone else to work toward the organizational mission, and manage the conflicting interests of all parties.
Here, the company is giving a pair of shoes to a child in need, every time someone buys a pair of shoes, by doing this the company is providing meaningful leadership.
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dunlosky and colleagues (2013) evaluated the overall usefulness of popular study techniques: highlighting, rereading, summarizing, and keyword mnemonics. which utility assessment rating did these techniques receive?
Dunlosky and colleagues (2013) evaluated the overall usefulness of popular study techniques: The rating utility assessment these techniques receive is very low.
A Utility Assessment i es the constraints and estimated budget costs associated with and new mileage structure for spots up to 2hectares.Preparation for a mileage assessment generally includes structuring the decision problem, developing an applicable scale for measuring the trait to be estimated, and also acquainting the decision maker with colorful aspects of assessment procedures.
Utility measures of health-related quality of life are preference values that cases attach to their overall health status. In clinical trials, mileage measures epitomize both positive and negative goods of intervention into one value between 0.
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According to the ucc, for the sale of goods that requires shipping, the presumption is that unless stated otherwise, the seller need only deliver the goods to __________ to complete performance.
According to the “UCC”, the seller is required to deliver the goods to the common carrier, unless stated otherwise, in order to complete the performance for selling the good that involves shipping.
The Uniform Commercial Code (UCC) comprises a set of laws that govern all commercial and business transactions across US states. The UCC is applicable to the sales of goods that involve shipment. The UCC governs rules for both the buyer and seller.
Under the “shipment contract” of the UCC, a seller is required to place goods into the procession of a common carrier. By US law, a common carrier is an entity or enterprise that transports goods from seller to buyer for a fee and establishes their services open to the general public. The common carrier typically is referred to as a railroad, taxi service, airline, or, shipowner, etc.
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aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action is multiple choice psychographics. market delineation. market segmentation. consumer differentiation.
Aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action is market segmentation
Market segmentation is a marketing strategy in which select groups of consumers are linked so that certain products or product lines can be presented to them in a way that appeals to their interests. In marketing, request segmentation is the process of dividing a broad consumer or business request, typically conforming of being implicit guest, intosub-groups of consumers grounded on some type of participation characteristics.
Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of request segmentation, but there are also numerous other strategies you can use, including multitudinous variations on the four main types. Then are several further styles you may want to look into.
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If you estimate that firm b will pay a dividend of $1 per share in one year, and that the dividend will grow at 3% per year indefinitely, what should be the value of stock b?.
Based on the fact that Firm B will pay a dividend of $1 in one year and the growth rate of the dividends, the value of stock which is Stock B, will be $9.17
How to find the value of the stock?The value of a stock can be found by the Gordon Growth model as:
Value of stock = Next dividend / (Expected return - Dividend growth rate)
The Next dividend by Firm B is said to be $1.
The Expected return would be the average return of Firm B which is 13.9%.
The Dividend growth rate is 3%.
The value of the stock is therefore:
Value of stock = Next dividend / (Expected return - Dividend growth rate)
Value of stock = 1 / (13.9% - 3%)
Value of stock = 1 / 10.9%
Value of stock = $9.17
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What are 3 key takeaways you have about investing in a 401(k) plan that will help you when you’re ready to make this decision in the real world?
Explanation:
1. Always be sure to contribute enough to a 401(k) to qualify for matching contributions from your employer.
2. Be aware of the underlying costs and fees of the various investments within your retirement plan.
3. You can contribute to both a personal IRA and a 401(k) plan at work.
A 401(k) plan is a type of retirement savings plan sponsored by an employer. It allows employees to contribute a portion of their pre-tax salary to a retirement account, which is then invested in a selection of mutual funds, stocks, bonds, and other assets.
These contributions and the earnings on them grow tax-deferred until they are withdrawn, typically in retirement.
One of the key benefits of a 401(k) plan is that many employers offer a matching contribution, which can help boost the account balance.
Additionally, 401(k) plans often offer a range of investment options and allow for convenient automatic contributions, making it easier for individuals to save for retirement. However, there may be fees associated with the plan, and early withdrawals may result in penalties.
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all of the following will cause the planned investment function to shift leftward except part 2 a. in expected profits. b. in technology. c. in business taxation. d. in the interest rate. part 3 and in the interest rate causes a. in disposable income. b. in the investment function. c. in the investment function. d. in the amount of real planned investment.
All of the following will cause the planned investment function to shift leftward except part 2(in the interest rate. ) Option D
Part 3: and in the interest rate causes in the investment function. Option C
This is further explained below.
What is the investment function?Generally, The investment function provides a synopsis of the factors that are responsible for determining the total amount of money spent on investments.
The following is one possible formalization of it: I is equal to f minus plus two more, with r representing the real interest rate, Y representing GDP, and q being Tobin's q.
Investing is done with the intention of achieving financial gains in the form of increased value and income over time.
The term "investment" may apply to almost any activity that results in a monetary gain in the future. The acquisition of real estate, stocks, bonds, and other securities are all examples of investments that fall under this category.
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a(n) is a middleman in a foreign country or u.s. possession that can obtain a corporate tax exemption on a portion of the earnings generated by the sale or lease of export property.
Foreign sales corporation in a foreign country or United States possession that can claim a corporate tax exemption on a portion of the earnings earned by the sale or lease of export property.
A foreign sales company (FSC) is a defunct provision in the federal income tax code of the United States that provided for a tax reduction on revenue derived from the sale of exported goods. To sell exported goods, the code requires the use of an existing subsidiary business in a foreign country.
A foreign sales corporation (FSC) would be founded by a US exporter to take advantage of certain federal and income tax exemptions in the US. An FSC had to meet a number of requirements, the most essential of which was that the foreign subsidiary of a US corporation had to keep its offices and books in a country that had an agreement with the US for information exchange.
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a policy that directly targets the quantity of pollution encourages the development of cleaner and processes, without giving clever companies the chance to find ways around it.
A policy that directly targets the quantity of pollution encourages the development of cleaner technology and processes, without giving clever companies the chance to find ways around it.
Clean technology is additionally referred to as green technology or green energy. It refers to a collection of technologies that minimize or improve the use of environmental assets even while minimizing the negative impact that technology has on the globe and its ecologies such as pollution and global warming.
Such techniques include comparatively recent renewable energies like breeze and wave power, as well as improved traditional power generation procedures like smart power grids. For example, nowadays usage of solar energy is common as is it safe as compared to fossil fuels because solar energy is a kind of clean technology and it create less harm to the environment. By using clean technology and processes we try to minimize pollution and other harmful impact on our environment.
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Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
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adriana and belen are partners who share income in the ratio of 3:2 and have capital balances of $50,000 and $90,000 at the time they decide to terminate the partnership. after all noncash assets are sold and all liabilities are paid, there is a cash balance of $90,000. how much cash should be distributed to adriana? a.$30,000 b.$20,000 c.$50,000 d.$45,000
Adriana and belen are partners who share income in the ratio of 3:2 and have capital balances of $50,000 and $90,000 at the time they decide to terminate the partnership. after all noncash assets are sold and all liabilities are paid, there is a cash balance of $90,000. how much cash should be distributed to Adriana is $20000.
Total Capital balance 140000 =50000+90000
Less: Cash balance 90000
Loss on sale of Assets 50000
Capital balance of Adriana 50000
Less: Loss allocated to Adriana 30000 =50000*3/5
Cash distributed to Adriana 20000 ANS.
As a fashionable guideline, 43% is the very best DTI ratio a borrower may have and nevertheless get certified for a loan. Ideally, creditors decide on a debt-to-profits ratio decrease than 36%, without an extra than 28% of that debt going toward servicing a loan or hire payment.
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gila and harry are employees of stars united, inc. stars violates the equal pay act if it pays different wages on the basis of a. gender. b. substantial equality of skill, effort, and responsibility. c. job descriptions. d. merit.
Gila and harry are employees of stars united, stars violate the equal pay act if it pays different wages on the basis of gender.
So, the correct option is A.
For "equal work," men and women are required by law to be paid equally. The Equal Pay Act classifies this labor as being the same, comparable, equivalent, or of equal worth. This rule is violated here as Gila and Harry are supposed to get different wages based on their gender. The average difference in salary between men and women who are working is known as the gender pay gap or gender wage gap. Generally speaking, men are paid more than women. There are two unique figures for the pay gap: the non-adjusted pay gap and the adjusted pay gap.
If there are non-discriminatory material grounds that explain the variation in compensation for the same or similar jobs, it is permissible for a corporation to do so.
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a 10-year semi-annual coupon bond with an $1000 par value pays an annual coupon rate of 6% and the market requires 8% apr. what is the appropriate coupon, time period, and discount rate respectively that needs to be used to correctly value this bond? group of answer choices $60, 10,
The appropriate coupon, time period, and discount rate that needs to be used to correctly value this bond will be as follows:
Coupon= $30 per period.
20 period for semi annual coupon payment.
28.148% discount rate
1.) Coupon rate * face value of bond = coupon
semi annual rate =6%/2=3%
Coupon= 1000 *3%= $30 per period.
2.) t= number of periods = years of maturity * coupon payment semi-annual
t= 10 * 2 = 20 periods.
3. Discount rate formula =C+[(F-P)/t] / (F+P/2)
where C=coupon payment annual
F= face value of security
P=price of security= 1000 *8%=80
t= years of maturity.
so we have⇒ 60+[(1000-80)/10]/(1000+80)/2
=152/540
=28.148%
The yield to maturity, which is the rate of return an investor would receive if they reinvested each bond's coupon payment at a fixed interest rate until the bond matures, is used as the discount rate. It considers a bond's price, par value, coupon rate, and maturity date.
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consider a series of cash flows that starts with $1,000 at the end of time 1 and decreases by $20 each period. the last cash flow in the series occurs at time 15. if the interest rate is 8% per period, what is the present equivalent (time
If the interest rate is 8% per period, the present equivalent (Present value) is 7601.77
Cash flows Year Discounted CF = Cumulative cash flow Cash flow/(1+cost)^year 0.00 0 0.00 - 1000.00 1 925.93 925.93980.00 2 840.19 1,766.12960.00 3 762.08 2,528.20940.00 4 690.93 3,219.12920.00 5 626.14 3,845.26900.00 6 567.15 4,412.41880.00 7 513.47 4,925.89860.00 8 464.63 5,390.52840.00 9 420.21 5,810.73820.00 10 379.82 6,190.54800.00 11 343.11 6,533.65780.00 12 309.75 6,843.40760.00 13 279.45 7,122.85740.00 14 251.94 7,374.79720.00 15 226.97
7,601.77Present value = 7601.77A future sum of money or stream of cash flows' present value (PV), assuming a given rate of return, is their present value. The discount rate determines the present value of future cash flows; the higher the discount rate, the lower the present value of the future cash flows. The key to correctly valuing future cash flows, whether they be earnings or debt obligations, is determining the appropriate discount rate.The idea of present value holds that a sum of money is worth more today than it will be tomorrow. Or, to put it another way, money received in the future is not as valuable as money obtained today in an identical quantity.
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anzio, inc., has two classes of shares. class b has times the voting rights as class a. if you own of the class a shares and of the class b shares, what percentage of the total voting rights do you hold?
If you own of the class a shares and of the class b shares, then he percentage of the total voting rights do you hold is 27.36%.
The ability of shareholders to vote on issues such as company policy, approving or rejecting director actions, declaring dividends, etc. is known as a voting right.Shareholder voting rights are covered by Section 47 of the Companies Act of 2013. The following are a few of the key points of the Companies Act's clauses. Each shareholder in a corporation with a share capital limit equal to or more than zero should be entitled to one vote on each resolution affecting the company. His part of the paid-up equity share capital linked to the corporation will be expressed as a percentage of his voting rights in a poll.Let the number of shares in class A be 100, therefore Number of shares in Class B shall be 1000(100 × 10)
Shares owned in class A shall be 11 (11% of 100)
Shares owned in class B shall be 290 (29% of 1000)
Total shares owned are 301 (11+290)
Total number of shares is 1100 (100 + 1000)
Percentage of total voting rights that you hold is 27.36% (301/1100 × 100).
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a perpetual record that is updated each time materials are purchased and each time materials are issued for use in production is called a(n): multiple choice materials ledger card. purchase ledger. materials requisition. materials voucher. purchase order.
A Materials ledger card is a perpetual record of a raw materials item that stores data on the number and cost of units acquired, units issued for use in production, and units that remain in the raw materials inventory.
What is a Materials Ledger Card?
Raw material units passing through a warehouse are manually recorded on a materials ledger card. The card includes a running total of the quantity of each sort of inventory that is currently in stock. To make sure there are enough raw materials on hand to support planned production activities, materials ledger cards are helpful for keeping track of the on-hand balance of each type of raw material. The cards are also used to keep track of how much each raw material is utilised, which can help determine when and how much to buy in the future. In the event that missing unit cases are investigated, the cards can serve as a baseline record of utilisation levels.Computerized warehouse management systems do not use materials ledger cards.To know more about Material ledger card visit:
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your client, shelby, a veteran using a va loan to finance her purchase, just learned that the crv came in lower than the sales price. but no problem: shelby’s brother is willing to loan her the difference. if the loan is approved, .
Shelby's debt-to-income ratio must still be less than the VA's limit. The VA will investigate any windfalls. Gifts are fine, but debts will be assessed based on how they affect the borrower's debt-to-income ratio.
Your debt-to-income ratio (DTI) is calculated by dividing your total monthly debt payments by your gross monthly income. This figure is one way lenders assess your ability to manage monthly payments in order to repay the money you intend to borrow. Having good credit and the appropriate ratios can lead to mortgage approval. If the debt is on the higher end of an acceptable range, the lender may increase the interest rate to compensate for the additional risk of a marginal borrower.
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The question was incomplete. Check below the full question.
Your client, shelby, a veteran using a va loan to finance her purchase, just learned that the crv came in lower than the sales price. but no problem: shelby’s brother is willing to loan her the difference. if the loan is approved. Is Shelby's debt-to-income rate more or less than the VA's limit?
you are considering purchasing stock in canyon echo. you feel the company will increase its dividend at 3.4 percent indefinitely. the company just paid a dividend of $3.77 and you feel that the required return on the stock is 12.2 percent. what is the price per share of the company's stock?
The price of share of the company's stock is =$44.2975
You're thinking about buying Canyon Echo stock. You believe the business will continue to raise its dividend at 3.4 percent.
The business recently paid a dividend of $3.77, and you believe that a 12.2 percent return on the shares is necessary.
To calculate the stock price of the company
Current price = D /(Required return-Growth rate)
Where D is the dividend
= (3.77*1.034)/(0.122-0.034)
Current price = $44.2975
Hence the current price of the stock of the company is $44.2975
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What type of decision-support system analysis uses a backward solution approach that attempts to calculate the value of the inputs necessary to achieve a desired level of output?.
A "backward" solution approach is represented by goal-seeking analysis. It attempts to calculate the input values needed to achieve a desired level of output.
Goal seeking is a broad term that refers to the process of determining your feedback value depending a previously known output value. A specific operator is used in a formula that can be estimated using software. This is also known as what-if assessment or back-solving. It can be aimed through trial and error or through more logical means.
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What is the acronym for the saudi arabia-led group that controls much of the world’s oil exports.
OPEC is the acronym for the Saudi Arabia-led group that controls much of the world’s oil exports.
At the Baghdad Conference from September 10–14, 1960, Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela established the Organization of the Petroleum Exporting Countries (OPEC), a permanent intergovernmental organization. OPEC is the group in charge of setting global petroleum market pricing, supply, and output. The organization was founded in 1960 and consists of 13 separate oil-producing businesses.
Saudi Arabia, which oversees nearly one-third of OPEC's total oil reserves, assumes a prominent position within the group. Other notable members include Iran, Iraq, Kuwait, and the United Arab Emirates, whose total reserves much outweigh Saudi Arabia's.
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An organizational ______ is someone whose accomplishments embody the values of the organization and whose accomplishments are put forth to motivate other employees to do the right thing.
A person who embodies the organization's principles and whose successes are used to inspire other workers to act honourably is known as an organisational hero.
The enterprise should establish goals for the accomplishment of which various departments should work. A shared objective has been established for the company as a whole, and the organisation is configured to meet that objective.
The organisation should be structured so that each employee is given a task that is appropriate for his or her training and experience. This is known as the specialisation principle.
The organisation should be able to accomplish enterprise goals for the least amount of money, according to the efficiency principle. Cost and revenue benchmarks have been predetermined, and performance should be in line with these objectives. Additionally, the company should support all employees in achieving job happiness.
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peng company is considering buying a machine that will yield income of $1,950 and net cash flow of $14,950 per year for three years. the machine costs $45,000 and has an estimated $6,000 salvage value. compute the accounting rate of return for this investment.
The accounting rate of return of the investment that yield $1,950 with initial investment of $45,000 will be 5%.
Accounting rate of return = Average net income / Average book value
Average book value = (cost of equipment - salvage value) / 2
Average book value = ($45,000 -$6,000) / 2 = $39,000
Accounting rate of return = $1,950/ 39,000 = 5%
The accounting rate of return (ARR) formula represents the anticipated percentage rate of return on an investment or an asset in proportion to the cost of the original investment. The ARR formula determines the percentage or return that may be anticipated during in the course of an asset or undertaking by dividing the asset's average income by the company's primary expenditure. The value of money over time and cash flows, which could be critical elements of maintaining a firm, are not taken into consideration by ARR.
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suppose a basket of goods and services has been selected to calculate the cpi and 2002 has been chosen as the base year. in 2002, the basket s cost was $75.00; in 2004, the basket s cost was $79.50; and in 2006, the basket s cost was $85.86. the value of the cpi was
the value of the cpi was 100,106,114.48 if a basket of goods and services has been selected to calculate the cpi and 2002 has been chosen Consumer Price Index as the base year.
Given
Cost of Basket in 2002 (based year = $ 75
cost of basket in 2004 = $ 79.5
Cost of Basket in 2006 = $85.86
formula for CP1 is
CPI = [tex]\frac{cost of basket in given year}{cost basket in base year}[/tex]×100
so, CPI in 2002= $75/$75*100
= 100
CPI in 2004 = $79.5/$75 x 100
=106
CPI in 2006 = $ 85.86/$ 75 = 114.48
∴ CPI : 100 in 2002
106 in 2004
114.48 in 2006
The Consumer Price Index (CPI) tracks changes in consumer prices on a monthly basis in the United States. The cost-of-living index (CPI) is determined by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a sample of products and services that is indicative of total consumer spending in the United States.
The CPI is among the most widely used indicators of inflation and deflation. The producer price index (PPI), which tracks changes in the prices paid to US producers of goods and services, has a different survey methodology, pricing samples, and index weights than the CPI report.
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What type of analytics recommends one or more courses of action, identifies the likely outcome of each decision, and quantifies the effect of future decisions in order to advise on possible outcomes before the decisions are actually made?.
Prescriptive Analytics recommends one or more courses of action, identifies the likely outcome of each decision , and quantifies the effect of future decisions in order to advise on possible outcomes.
Analytics is the systematic analysis of data or statistics by computation. Meaningful patterns in data are found, understood, and communicated using it. Applying data patterns to make wise decisions is another aspect of it. Analytics covers a variety of topics, including cognitive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics.
Something is expressed numerically when it is quantifies. You would better answer "five" when asked how many fingers you have on your hand. This word is for you if you enjoy mathematics: Quantitative expressions involve counting or using numbers.
To quantifies something means to measure or communicate its quantity. Counting the instances in which a word was misspelled in a book is an example of quantifying.
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variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. if the labor efficiency variance is unfavorable, the variable overhead efficiency variance will be: group of answer choices favorable. unfavorable. either favorable or unfavorable. zero.
Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. if the labor efficiency variance is unfavorable, the variable overhead efficiency variance will be: unfavorable.
Manufacturing is the making of products by means of hand or via device that upon of entirety the business sells to a consumer. objects utilized in manufacture may be uncooked substances or element parts of a larger product. the manufacturing normally takes place on a huge-scale manufacturing line of machinery and professional exertions.
A manufacturer is a person or organisation that produces finished items from raw substances with the aid of the use of numerous equipment, device, and approaches, and then sells the products to consumers, wholesalers, vendors, outlets, or to other manufacturers for the manufacturing of extra complicated goods.
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