If a manager is concerned about doing the work with the least cost and waste possible, then his or her primary managerial concern is effectiveness.
Management FunctioningA manager is somebody who can lead, direct and control tasks and individuals in their association without forcing their position. In reality as we know it where a more casual working design is turning out to be progressively famous, a director needs to work with their group to accomplish bigger objectives. Elements of the board are an extraordinary beginning stage to find your balance before you jump straight into your job as a manager.Elements of the board assist you with remaining informed about what you want to do and in what way that you can direct your staff in like manner. The board specialists like Fayol and Gulick clarify the elements of the executives for furnish yourself with the right abilities to turn into a cultivated administrator.
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Consumer choice is influenced not only by the ______ utility that extra units of a good will yield, but also by how much ______ must be given up to obtain extra units of the good.
Consumer choice is influenced not only by the marginal utility that extra units of a good will yield, but also by how much satisfaction must be given up to obtain extra units of the good.
What is marginal utility?Marginal utility is extra satisfaction that is derived from having an additional product or extra unit.
Each Individual determine what to buy based on the amount of satisfaction that is derived on the product.
Therefore, consumer choice is influenced not only by the marginal utility that extra units of a good will yield, but also by how much satisfaction must be given up to obtain extra units of the good.
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An auto dealership sold a limited-production luxury vehicle as part of its business. It typically sold very few of the vehicles per year, but continued the business because it earned $25,000 in profit on each sale. The vehicles sold at retail for $150,000. A car buyer entered into a contract with the dealership to purchase one of these vehicles with the color scheme and options she desired, which the dealership ordered from the manufacturer. She signed a written order form and put down a $50,000 deposit on the vehicle. The form specified that, in the event that the buyer failed to purchase the vehicle, the deposit was non-refundable, representing liquidated damages that did not constitute a penalty. Later, the car buyer found a better price on an identical vehicle at another dealership, and purchased that vehicle. She demanded the return of her deposit, but the dealership refused. The dealership had difficulty selling the car, and eventually had to sell it at the discounted price of $100,000. The car buyer filed a lawsuit seeking to void the non-refundable deposit provision of the order form and seeking the return of her deposit. Is she likely to prevail
No, because the deposit was fair in light of the genuine losses the dealership endured.
Although a court may take into account contract language that the liquidated damages clause is not a punishment, such a term is not deciding.
In the event of a breach without evidence of actual loss, the parties may recover liquidated damages, which are defined by the parties in the contract as a reasonable estimate of actual damages. The party seeking to revoke a contract's liquidated damages provision must demonstrate that the agreed-upon loss is so excessive as to resemble a penalty. The deposit turned out to be exactly equivalent to the dealership's real damages, even though it was double what the dealership could have calculated its damages would be in the event of a breach by the buyer.
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A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights offerings that is left unsubscribed is known as a
A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights offering that is left unsubscribed is known as a stand-by commitment.
Commitment means the consent of the backstop parties under the Backstop Rights Purchase Agreement, and purchases of all rights offering shares that exceed the Sopris Senior Note Commitment that the rights offering participants do not purchase in accordance with the rights offering.
Commitment: With firm commitment underwriting, the underwriter guarantees that the issuer will purchase all securities for sale, regardless of whether they can be sold to the investor. This is the most desirable arrangement as it immediately guarantees all the money of the issuer.
Commitment usually refers to the insurer's agreement to assume all inventory risk. A firm commitment also means agreeing to buy and sell all IPO securities directly from the issuer. Other uses of commitments relate to loans and derivatives.
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Some global corporations are large enough to create major changes in the external environment. Group of answer choices True False
Some global corporations are large enough to create and influence major changes in the external environment: False.
What is a corporation?A corporation refers to a corporate organization that has facilities and owns assets that are used for the production of goods and services in at least one country, other than its headquarter which is located in its home country.
However, it is false to infer or state that some global corporations are large enough to create and influence major changes in the external environment.
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Answer the following questions about marginal utility. a. According to the law of diminishing marginal utility, as more of a product is consumed, multiple choice 1 the amount of extra happiness decreases. the amount of extra happiness increases. the price falls. income falls. b. If a consumer purchases more of a good as the price falls, we can assume that the consumer's multiple choice 2 marginal utility has risen. preferences have changed. marginal utility has also fallen. total utility has also fallen.
(a) According to the law of diminishing marginal utility, as more of a product is consumed, the amount of extra happiness decreases. the amount of extra happiness increases.
(b) If a consumer purchases more of a good as the price falls, we can assume that the consumer's marginal utility has also fallen.
According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person. Consuming increasing quantities of a good gives economic actors less and less pleasure.Although marginal utility tends to decline with consumption, depending on the good consumed, it may or may not ever approach zero. The concept of marginal utility is helpful in describing how consumers choose products and services to maximize their financial resources.What is the law of diminishing marginal utility?According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal. The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.Learn more about the law of diminishing marginal utility brainly.com/question/15242967
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In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are:
In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are made at the top management level.
What is multinational corporation?multinational corporation serves as one that has different level of management.
Multinational companies are usually involvea in international trade taking into consideration the
political as well as cultural differences into account.
Examples of these corporation are:
Coca-ColaPhilip Morris's Marlboro brand PepsiIn this case, decisions are made at the top management level in other to achieve the goals of the organization because they do operate outside their country.
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Identify a statement that is true of status quo pricing. a. It leads to optimal pricing of a product. b. It requires serious planning and is difficult to implement. c. It focuses on the demand for and the costs of a product. d. It can lead to a pricing disaster.
The true statement about status quo pricing is that a. It leads to optimal pricing of a product.
What is Status quo pricing?Status quo pricing is when someone choose to sell his products at a set price with the same price others are selling.
In this case, status quo pricing leads to optimal pricing of a product because no one wants to “rock the boat” .
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Alisa and Katherine finally agree on the solution to reallocate the bonus money. This indicates that this solution is within the ______, according to the bargaining zone model of negotiations.
Alisa and Katherine finally agree on the solution to reallocate the bonus money. This indicates that this solution is within the area of potential agreement, according to the bargaining zone model of negotiations.
The zone possible agreement describes the intellectual zone in negotiations between two parties where an agreement can be met which both parties can agree to. Within this zone an agreement is possible.
The range in a negotiation where two or more sides can come to an understanding is known as the Zone of Possible Agreement, or ZOPA. Here, the disputing parties can work together to achieve a common objective and potentially come to an agreement that incorporates at least some of the views of the other.
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Which organization delineates job responsibilities and the organizational structure for managing day-to-day operations for all types of disaster events
Incident Command System is the organization that delineates job responsibilities and the organizational structure for managing day-to-day operations for all types of disaster events.
Incident Command SystemThe top-down, highly standardized, military-based Incident Command System (ICS) management structure surpasses the management structure of every other agency that responds to an occurrence. This management tool can handle the demands of both emergency and non-emergency circumstances, whether they are small or huge.The concepts of accountability, such as check-in, incident action planning, unity of command, individual accountability, a span of control, and resource tracking, should be followed by incident staff.Applications for ICS utilization have been varied and include routine or scheduled activities (e.g., celebrations, parades, and concerts). hazards, multiple casualty incidents, and fires. calamities involving many jurisdictions and agencies, such as hurricanes, floods, and winter storms.To learn more about the Incident Command System refer to:
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Jan tells Lee she will pay him to babysit her son Mark weekday evenings for six months. Lee agrees. Jan and Lee have formed Group of answer choices a bilateral contract. a unilateral contract. a void contract. an unenforceable contract.
Jan and Lee have formed bilateral contract.
A bilateral agreement is one in which both sides share performance commitments. The promise of one party is given in exchange for the promise of the other. Each party is therefore an oblige on the other's pledge and an obligor on their own.A bilateral contract is a legally binding arrangement wherein the parties swap commitments to carry out and fulfill one of the terms of the agreement.The number of parties making a promise is initially the most visible distinction between bilateral and unilateral contracts. While unilateral contracts only require action on the part of one party, bilateral contracts require at least two parties.Thus the answer is option A.
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Fuzz Inc., a well-known soft drink manufacturing company, introduces a new drink into the market, to make up for the company's past losses and regain its position in the market. However, customers reportedly complain about an odd taste in the drink. To correct this, the company invests more effort in improving the product to suit customer needs. The new drink with an improved taste soon becomes popular in the market, fulfilling Fuzz's goals. This scenario demonstrates the concept of:
This scenario demonstrates the concept of organizational effectiveness.
Organizational effectiveness: What is it?The term "organizational effectiveness" describes how a company has come to fully understand itself, in part because of: Leaders who set clear objectives for their teams and explain how to effectively carry them out. Management involves putting in place transparent communication channels and decision-making processes.
How can organizations become more effective?Increasing organizational effectiveness through five simple stagesRespect the resources, the people, and the processes.Address the organizational strategy and goals.Align the organizational structure with the strategy. Evaluate results in relation to the strategy.What is an illustration of an effective organization?Examples include teamwork, leadership, employee productivity, and business unit alignment. The performance and effectiveness of organizations are significantly influenced by all of these human-driven elements. A methodical approach is essential for effective progress.
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Item 11 Goodwill is: Multiple Choice Amortized over the greater of its estimated life or forty years. Only recorded by the seller of a business. The value of a business as a whole, over and above the value of its net identifiable assets. Recorded when created internally through advertising expense.
Goodwill is the value of a business as a whole, over and above the value of its net identifiable assets.
What is Goodwill?Goodwill occur when we have intangible assets as a result of a buyer purchasing or obtaining a business that is already in existence.
The correct option is C because goodwill is the value of a business as a whole, over and above the value of its net identifiable assets.
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Controls are designed to mitigate risk and provide reasonable assurance about the achievement of an organization objectives with respect to.
The achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
What is a Control?This refers to a process that is effected by an entity's board of directors, management, and other personnel.
This process is designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.
Therefore, the achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
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A foreign currency ________ contract calls for the future delivery of a standard amount of foreign exchange at a fixed time, place, and price
Answer:
futures
Explanation:
You are attempting to inspect a furniture restoration shop that regularly spray paints furniture. Spray application of flammable finishes without a proper permit is a violation of the fire code. The shop owner is trying to prohibit you from entering. What might convince the shop owner to comply with the inspection
The shop owner might convince to comply with the inspection: Reminding the shop owner that for a fee a permit can be secured without inspection
What is the Inspection?
An inspection involves checking something, i.e., examining and assessing something. We may inspect a building or organization to make sure that it meets specific standards. The inspectors need to ensure that nothing is faulty and that nobody is breaking any laws.
The inspection is the process where the trained people inspect or check the important documents and design thoroughly. The main function of the inspection is to check the proper quality of the document and design by the process analyzing, testing and examining.
Inspection basically provide various benefits as it increase the quality of the system by examine properly so that the document must be error free. Inspection is required in all the workplace so it help to increase the productivity and efficiency of the organization.
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Janice rates her employees based on amount of work performed and promptness in arriving to work on time. Janice is using a(n) ______ appraisal to measure specific, observable aspects of performance.
Janice is using a behavioral appraisal to measure specific, observable aspects of performance.
What is a behavioral appraisal?Based on the employee's conduct and personality attributes, their performance is evaluated. The behavioral appraisal determines and takes into account the actions that are relevant to the job.
For the purpose of motivating and enhancing an employee's performance on the job, their work is evaluated, and feedback is offered. The management can analyze the employee and assign the project based on his skills with the aid of the report based on the behavioral evaluation.
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what are the major jobs of MBBS doctor?
Which of the following are considered to be the four basic market structures? Multiple select question. Pure competition Monopolistic competition Pure monopoly Representative democracy Oligopoly
Monopolistic competition, Oligopoly, Pure monopoly, and Pure competition are considered to be the four basic market structures.
Oligopoly competition characterizes an industry in which many companies offer similar (but not perfect) alternative products or services. Barriers to entry into a monopoly and highly competitive industry are low, and the decisions of a single company do not directly influence the decisions of competitors.
Some of the most notable oligopolies in the United States are film and television production, recorded music, wireless carriers, and airlines. Since the 1980s, it has become more common for industries to be dominated by two or three companies.
If a single company is the only manufacturer of a product without a close replacement, there is a pure monopoly.
There are many indistinguishable product suppliers, and there are no companies that have a significant impact on prices. Other common conditions are easy-to-market entry and full market intelligence of the new company.
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Pricing Blank______ involve specifying the role of price in an organization's marketing and strategic plans.
Pricing objectives involve specifying the role of price in an organization's marketing and strategic plans.
What are the marketing objectives for pricing?The goals that direct how your company sets prices for your product or service are referred to as pricing objectives. Both new and existing customer pricing can and should follow these goals. The guidance provided by pricing objectives is essential for modifying prices over time to achieve your goals.
There are four types of pricing objectives:
profit-oriented pricing, competitor-based pricing, market penetration and skimming.This action is crucial since pricing is essential to a company's success in achieving its objectives. Defining pricing objectives entails describing the function of price in a company's marketing and strategic plans. The pricing purpose of the company, which may include profit, sales income, market share, unit volume, survival, or social responsibility, influences how much marketing managers charge for a product.
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A house sold for $109,000 with the buyer making a 20% down payment. The grantors tax is based on the:
In this sales case, the grantors tax will be based on the selling price.
What is a grantors tax?This refers to tax that is applied on the transfer on ownership such as on sales of property, house etc.
Here, the the grantors tax will be based on the selling price even though it is customary for the seller to pay the grantors tax.
Therefore, the selling price is correct.
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True or false: common stock has a set maturity
Common stock has a set maturity. False! It is not true to say common stock has a set maturity. Read below about common stock.
What is a common stock?A common stock shares entitling their holder to dividends that vary in amount and may even be missed, depending on the fortunes of the company; ordinary shares.
Therefore, the correct answer is as given above
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CMI International, a composite plastic manufacturer, wants to improve its involvement with the community, so it has established a Community Involvement Office. To fill the positions within this office, the company will attempt to find and attract qualified applicants from the external labor market. This process is called: Group of answer choices prospecting employee investiture labor pool development recruitment qualifying
When CMI International, a composite plastic manufacturer attempt to find and attract qualified applicants from the external labor market for its Community Involvement Office; This process is called "recruitment ".
What is recruitment?The practice of actively seeking out, locating, and employing individuals for a certain post or career is known as recruitment. The entire hiring process, from the first stages to the recruit's integration into the business, is covered by the term of recruitment.
The goal of recruitment is -
The purpose of recruitment is to build a large pool of qualified candidates from which to select the best candidate for the position. This strategy attracts sizable groups of people and motivates them to submit applications for open positions at a company.Types of recruitment are-
Direct marketing.Databases of the talent pool.Worker recommendations.Transfers and promotions.Exchanges of jobs.Recruiting firms.Organizations with expertise.To know more about hiring process, here
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Enterprise Machinists is always improving upon its core competencies by training its machinists constantly so that they are equipped to deal with technological changes and advancements. Based on this information, this is an example of which concept
The concept of Dynamic capabilities is used by the firm to improve its core competencies.
What is the concept of Dynamic capabilities?This entails a firm ability to integrate and build its competencies to address rapidly changing environments.
Hence, as the firm trains its machinists constantly so that they are equipped to deal with technological advancements, it is adhering to concept of Dynamic capabilities.
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Apple's products are well known and valued because the demand, customer loyalty, and company's price premium rank high in the consumer tech industry. This is an example of _______. a. brand equity b. brand loyalty c. brand mark d. individual branding
The correct answer is option 'a' brand equity.
What is brand equity?Brand equity refers to a brand customer perceive from the brand name. It is the value associated with the brand and not its product or services.
Aspects of brand equity are:
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The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.2 days to 104.5 days while the cash cycle has decreased by 3.6 days. How have these changes affected the accounts payable period
The changes affected the accounts payable period with a decrease of 8.9days.
Change in Operating Cycle = Change in Cash Cycle - Change in accounts payable cycle
(104.5-99.2) = -3.6 - Change in accounts payable cycle
Change in Accounts Payable Cycle = (104.5-99.2) + 3.6
Change in Accounts Payable Cycle = 8.9 days (decrease)
The money owed payable fee period measures the average range of days it takes an enterprise to pay its bills payable. This measure facilitates you investigate the coins management of your small business, however, you must be aware of some of its barriers.
The accounts payable turnover in days suggests the common wide variety of days that a payable remains unpaid. To calculate the money owed payable turnover in days, virtually divide 12 months by the payable turnover ratio. Therefore, over the fiscal 12 months, the employer takes approximately 60.53 days to pay its suppliers.
Money owed payable has charge terms related to them. For instance, the phrases should stipulate that the fee is due to the supplier in 30 days or 90 days. The payable is in default if the organization does now not pay the payable in the terms outlined by way of the provider or creditor.
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Some of the benefits of clean air and water regulations are Group of answer choices Boost to growth and higher efficiency higher property values and healthier population. higher profit for firms and cleaner environment. higher property values and better education system.
The benefits of clean air and water regulations are : higher property values and healthier population .
Why are clean water and air important?Clean air and safe water are prerequisites for health. Poor air or water quality can be particularly detrimental to vulnerable populations such as the very young, the elderly, and those with chronic health conditions.
Clean air and water support healthy brain and body function, growth, and development. Air pollutants such as fine particulate matter, ground-level ozone, sulfur oxides, nitrogen oxides, carbon monoxide, and greenhouse gases can harm our health and the environment .
What are the benefits of Clean Air and Water ?People may stay healthier and live longer. Certain industries that rely on clean air and water—such as farming, fishing, and tourism—may benefit. Property values may be higher. People may simply enjoy a cleaner environment in a way that does not need to involve a market transaction.
Thus, we can conclude that the correct option is B. The benefits of clean air and water regulations are: higher property values and healthier population.
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Problem recognition, information search, evaluation of alternatives, purchase decision, and post purchase evaluation are the steps in the:
Problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase evaluation are the steps in the consumer buying decision process.
The consumer buying decision process includes 5 key steps. These are
Problem recognition- It identifies the need of the product.
Information search - It takes into account the associated information.
Evaluation of alternatives - Under this substitute commodities are compared with the commodity consumer is willing to buy.
Purchase decision- It involves the step of actual purchase of a product
Post-Purchase - It involves the evaluation of the product after purchase
All these steps play an important role in determining the consumer buying decision process. By better understanding of consumer buying decision process, the business can market their product and service in the most appropriate way.
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Brand equity refers to: Brand equity refers to: The extent to which customers are willing to pay more for a product or service. The promises made by a successful brand. The wealth or ownership stake that firms must expend to achieve branding success. The fact that brands exist not only in the real world but also in the minds of customers.
The level of customer willingness to pay more for a good or service is referred to as brand equity.
How does brand equity work?A brand's value is referred to by the marketing phrase "brand equity." The way consumers perceive and interact with a brand influences its value. A brand has good brand equity if consumers are fond of it.
What is an example of brand equity?Apple is a prime example of a brand with strong brand equity. Although Apple devices share many characteristics with other companies, the company's price premium, client loyalty, and demand are among the highest in the consumer technology sector.
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Your company will generate $65,000 in annual revenue each year for the next seven years from a new information database. If the appropriate discount rate is 8.25 percent, what is the present value
The Present Value is $335,539.75
This is a form of an annuity. The present value of an ordinary annuity can be computed as follows -
PV = A * 1 - 1 / (1 + r)n / r
where
A = annual revenue or annuity,
r = rate of interest,
n = no. of years
PV = 65000 * 1 - frac 1 / (1+0.0825)^7 / 0.0825 = 335,539.746942
or, Present value = $335,539.75
Also known as Recurring Revenue. Revenue that flows in at regular intervals during the year – typically, on a monthly basis.
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The analysis of documents can help you identify: A. the steering committee. B. the reason why current systems are designed the way they are. C. special information processing circumstances that occur frequently. D. problems with unknown systems. E. the organizational stock price.
The document analysis can help identify exceptional information processing circumstances that occur frequently.
Document analysisDocument analysis helps specialists comprehend and arrange essential sources or unique records from individuals who had individual encounters with the subject.While fostering their investigations, researchers utilize laid-out sources to accumulate thoughts and proof to help their cases. This interaction permits researchers to assess the quality and reason for the archives they use to decide whether the data they contain will help their examinations.Looking into this cycle might assist with better getting sorted out the assets and carrying out analysis all the more successfully.Uses of Document AnalysisThe document analysis is crucial because it enables researchers to make sense of their sources and choose the best ones for their research.Qualitative data is non-numerical information that researchers categorize and include in documents. Researchers can integrate document analysis with other sorts of study by organizing the data.Hence, document analysis can be used to find extraordinary information processing situations that commonly happen.
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