The answer is false. The economic order quantity is an example of cycle inventory.
What exactly is an economic order quantity?Companies determine their optimal order size by performing a calculation known as the economic order quantity (EOQ), which enables them to satisfy demand without going overboard. For the purpose of reducing holding costs and surplus inventory, inventory managers compute EOQ.
It refers to the ideal quantity of inventory that a business should buy to fulfil demand while lowering holding and storage expenses.
Optimal EOQ guarantees that the product is on hand when you need it or when something is needed for a client order, enabling you to ship the order promptly and keep the customer satisfied. This should enhance consumer satisfaction and might boost revenue.
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The elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in __________.
(.) Price
The ratio of the percentage change in quantity demanded to the percentage change in price is known as the elasticity of demand. Calculating the price elasticity of demand involves dividing the percentage change in quantity by the percentage change in price.
What is the elasticity of demand?The degree to which the amount of a product is modified in demand in response to a change in any market component, such as price, income, etc., is known as demand elasticity. It keeps track of shifts in demand brought on by changes to other economic factors.
Elastic demand occurs when a change in price results in a sizable change in the amount demanded. Products with elastic demand include consumer durables. These are infrequent purchases that can be delayed if the price goes up, much like a washing machine or a car.
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If the u.s. dollar is strong, what is the impact on trade between china and the u.s.?
The U.S. dollar will be able to purchase more Chinese items for less money if it is strong in relation to Chinese currencies. More Chinese goods will be imported into the American market as a result.
What is market?
The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
The term "market" is frequently used by businesspeople to refer to the associations of people or entities that make up the pool of present and potential consumers of their goods and services.
Therefore,
If the u.s. dollar is strong, what is the impact on trade between china and the u.s.?
The U.S. dollar will be able to purchase more Chinese items for less money if it is strong in relation to Chinese currencies. More Chinese goods will be imported into the American market as a result.
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A ______ is a visual display of the essential information related to achieving a marketing objective.
A marketing dashboard means the visual display of the essential information related to achieving a marketing objective.
What is a marketing dashboard?This refers to the visual display of the most relevant information necessary to keep track of key marketing metrics and to achieve some more marketing objectives.
These dashboards can be used to track the performance of your business's online marketing activities and they lets one monitor campaigns and other digital marketing efforts in real-time.
In conclusion, it means the visual display of the essential information related to achieving a marketing objective.
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If fixed costs are $400,000 and the unit contribution margin is $20, the amount of units that must be sold in order to have a zero profit is:_______
According to the question,
Breakeven point is defined as zero profit. Breakeven Point in Units = Contribution per Unit of Fixed Cost. Even if we sell 20,000 units, we will still make no money.
=$400,000 ÷ 20
=20,000 units
Even if we sell 20,000 units, we will still make no money.
Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are expenditures incurred by a corporation that are independent of the volume of goods or services the company produces.
They frequently occur again and again, like monthly rent or interest payments. These expenses are often capital expenses as well.
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A project manager's referent power is described as persuading others based upon giving them something.
true/ false
False, Adopting clear ground rules that outline appropriate behaviour on the part of project team members can enhance collaboration, efficiency, and communication.
Who are the Potential customer?
A prospect is a common term used to describe a potential customer of a business.
It is a person who may be interested in the goods and services that the business provides but hasn't yet made a purchase. He therefore isn't a client. The term "potential customer" is extremely ambiguous; it could very well refer to someone who is familiar with the business and wants to purchase one of their products, or it could refer to someone who might be intrigued if they share a trait with the majority of the company's clients, such as practising the same profession.
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When goods are delivered to a buyer via a common carrier, such as a trucking line, it is known as ________.
When goods are delivered to a buyer via a common carrier, such as a trucking line, it is known as a common-carrier delivery contract.
What is a common carrier?A common carrier is a person or business that transports products or people on behalf of another person or business and is liable for any potential loss of the goods during the course of the transportation. In some civil law systems, a common carrier is referred to as a public carrier. A regulatory body that typically has been given "ministerial authority" by the legislation that created it issues a common carrier with a license or other authority to provide its services to the general public. As long as it stays within the parameters of the enabling legislation, the regulatory body is free to formulate, interpret, and enact regulations against the common carrier (subject to court review).
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The dso can also be evaluated by comparison with the terms on which the firm _________ its goods.
The terms on which the company sells its goods might be used to compare the DSO and those terms.
What are goods?Goods are any products, raw resources, or consumables that are sold to customers, businesses, or governmental organizations.
Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Automobiles, home products, and apparel are a few examples of goods. Legal counsel, housekeeping, and consulting services are a few examples of services.
The supply and demand in an economy play a big role in determining the prices of commodities. Private goods, common goods, club goods, and public goods are the four different categories of products. The degree of exclusivity, or the number of persons who can experience them, varies.
The tangible items we refer to as "material goods" They are visible, touchable, and transportable from one location to another.
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A manufacturer has a monthly fixed cost of $100,000 and a production cost of $22 for each unit produced. the product sells for $25 per unit. find the break-even revenue.
A manufacturer has a monthly fixed cost of $100,000 and a unit manufacturing cost of $22. The product costs $25 per unit. The revenue required to break even is (100000/3,2500000/3)
What is Break-Even?
The point at which a small business makes a profit is called break-even. A small business's break-even quantity is the number of units it must sell to make back all of its expenses, whereas its break-even income is the amount of sales it must make to do so. An internal management accounting tool that establishes the connection between cost, volume, and profit is break-even analysis. Fixed costs divided by contribution margin ratio, which is equal to contribution margin divided by total revenue, equals break-even revenue. The difference between revenue and variable costs is the contribution margin. Rent, insurance, executive compensation, upkeep, and property taxes are examples of fixed costs. Even if a tiny business doesn't generate any money, it will still have certain fixed expenses.
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Ake the factors considered by earned value analysis and subtract those considered by project s-curves. the factor(s) you have remaining are?
Take the factors considered by earned value analysis and subtract those considered by the project S-curves. the factor(s) you have remaining are Performances.
Earned Value Analysis: Through the utilization of earned value analysis (EVA), a project manager is in a position to measure the particular amount of labor completed on a project additionally to easily review cost and schedule information. EVA offers a mechanism that allows the project to be evaluated by the quantity of progress made. This is known as Earned Value Analysis.
Factors considered by earned value analysis and subtract those considered by the project S-curves. the factor(s) you have remaining are Performances.
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In an eoq model with variable demand, stockouts cannot occur.
a) true
b) false
False, In an EOQ model with variable demand, stockouts cannot occur.
Why do stockouts occur?An OOS event, commonly referred to as a stockout, happens when the inventory is exhausted. The most noticeable stockouts, also known as On Shelf Availability (OSA) problems, occur at the store level, though they can occur at any point along the supply chain. A lot of inventory management techniques, like safety stocks, have been developed to reduce the incidence of stockouts because they are typically viewed as issues that need to be rectified.
Overstocks occur when too much inventory is kept on hand; stockouts occur when there is not enough. A stockout often has two financial effects: first, the immediate opportunity loss brought on by fewer transactions, and second, the delayed market response as a result of aversion toward unreliable providers.
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In most cow/calf operations, ____ is the first limiting nutrient and often must be supplemented
In most cow/calf operations, Protein is the first limiting nutrient and often must be supplemented.
How important is protein in cow operations?In cow/calf operations, it has been observed that proteins are the first limiting nutrient that are available in the forage diets of cows.
As a result, this makes protein very important to cow/calf operations. This is why it must be supplemented in diet especially when the amount of forage available is significant.
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Communism exhibits all the characteristics of a ______ system.
a) laissez-faire
b) command
c) mixed market
c. mixed market
Explanation:
Comumis exhibits all the characteristics of mixed market system
________ is an organizational practice that allows employees to make decisions that result in the employee having a sense of control and greater opportunities for learning.
Providing decision-making discretion is an organizational practice that allows employees to make decisions that result in the employee having a sense of control and greater opportunities for learning. (Option D). See further explanation below.
What is decision making?The process of choosing choices by recognizing a decision, acquiring information, and evaluating possible alternatives is known as decision-making.
By collecting important information and identifying options, a step-by-step decision-making process may help you make more careful, meaningful judgments.
The four decision-making types are given as follows:
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Full Question:
________ is an organizational practice that allows employees to make decisions that result in the employee having a sense of control and greater opportunities for learning.
Positive deviance
Sharing information
Minimizing incivility
Providing decision-making discretion
Providing feedback
True or false: as food passes through our digestive tract, the amount of nutrients remaining as it reaches the large intestines is low.
It is a true statement that as food passes through our digestive tract, the amount of nutrients remaining as it reaches the large intestines is low.
What is the digestive system?It refers to one of the important body system that breaks down food into nutrients such as carbohydrates, fats, proteins. It allows absorption of nutrient into the bloodstream so the body can use them for energy, growth and repair.
The process is that as food passes through the GI tract, it mixes with digestive juices, causing large molecules of food to break down into smaller molecules. The body, then absorbs these smaller molecules through the walls of the small intestine into the bloodstream which delivers them to the rest of the body. However, the amount of nutrients remaining as it reaches the large intestines is low.
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A property is assessed at $64,410. the county tax rate is 8.9 mills per dollar. what would the monthly payment for taxes be to the escrow account? (round to the nearest dollar.)
The monthly payment for taxes be to the escrow account to $48
$48 Assessed value × tax rate = annual tax amount ÷ 12 = monthly tax amount
8.9 mills ÷ 1,000 = 0.0089 tax rate
$64,410 × 0.0089 = $573.25 annual tax ÷ 12 = $47.77, rounded to $48
What is property?Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.
Corporeal property and incorporeal property are the two primary forms of property. Corporeal Property is visible and tangible, but incorporeal Property is not. Additionally, corporeal property refers to the ownership of tangible objects, whereas incorporeal property refers to an intangible right in real estate.
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What marketing era focused on product innovation rather than satisfying the needs of individual customers?
Production Oriented Era focused on product innovation rather than satisfying the needs of individual customers
Production Oriented Era
From the advent of capitalism until the middle of the 1950s, businesses with a production orientation dominated the market. The general belief was that a high-quality product will automatically sell itself. Due to the high demand and the scarcity of the commodity during this time period, this strategy was successful for many firms.When was the era focused on production?Production Orientation Era: 1800s–1920s (1800s-1920s)
As a result, company efforts were concentrated on boosting output quantity rather than quality. To reduce costs and increase sales, producers used the mass manufacturing approach.To Learn more about Production Oriented Era, Click the links.
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In 2018, country a exported $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:_________
Country A exported goods worth $84.9 billion in 2018 while importing goods worth $74.69 billion. the trade surplus is the difference between its imports and exports in dollars.
An economic indicator of a favorable trade balance is a trade surplus, which occurs when an economy's exports exceed its imports. The trade balance is calculated as Total Value of Exports minus Total Value of Imports. There is a trade surplus when the result of the computation above is positive. The trade balances on a monthly basis are being released by the US Bureau of Economic Analysis. An economy's employment and economic growth can be boosted by a trade surplus, but it can also result in higher prices and interest rates.
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Occur when the cash flow occurs after either the expense is incurred or the revenue is earned.
Answer: Accurals
Explanation:
Which one of the following statements is correct? 1) total economic surplus is the difference between marginal benefits and marginal costs
When marginal benefits are equal to marginal costs, total economic surplus is maximized.
What in economics is a marginal benefit?
The most a consumer will spend on a supplemental commodity or service is what is known as the marginal benefit. The additional satisfaction a customer experiences while purchasing the extra commodity or service is also considered a marginal advantage.
How are marginal benefits determined?
Change in total cost/change in quantity is the formula used to calculate marginal cost. While "change in total benefit/change in quantity" is the formula used to calculate marginal benefit.
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Which type of writing would you most likely observe in an email between an employee and his or her supervisor?
A formal writing is the type of writing you would most likely observe in an email between an employee and his or her supervisor.
What is a formal writing?It refers to the type of writing that is is written for an audience you do not know on a personal level, that is, it is often the main style in academic writing and is more complex than informal writing.
The characteristics of a formal writing includes a more complex structure, an objective approach, use of full words rather than contractions and writing in the third person. Hence, as the relationship between an employee and supervisor is formal, then, the formal writing is the type of writing you would most likely observe in an email between an employee and his or her supervisor.
Therefore, the Option C is correct.
Missing option "Colloquial,Casual,Formal, Informal"
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Economists typically measure rates of inflation by
Answer:
increase of price and the same rate of pay
Explanation:
A student who wants to transfer to a university and earn a bachelors of science degree must complete an associate of science degree at a community college. True or false
It is completely incorrect to state that a student who wants to transfer to a university and earn a bachelors of science degree must complete an associate of science degree at a community college. Therefore, the statement given above is false.
What is the significance of a bachelors degree?A bachelors degree can be referred to or considered as a degree that can be achieved by a student in his or her name by clearing and meeting the requirements for holding the degree as such. Bachelors degree can only be achieved by attending a bachelors college and course.
Therefore, the statement given above regarding the significance of a bachelors degree is false.
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Interest payable, salaries payable, and accounts payable are common examples of items classified as:______
Accounts payable, salaries owed, accrued expenses, and current tax payable are categorized as current liabilities because they are expected to be paid off within a standard operating cycle.
What is the classification of interest payable?Interest payable is a liability and is usually found within the current liabilities area of the balance sheet. The associated interest payment that includes interest payable is stated on the income statement for the amount applicable to the period whose effects are being reported.
Accounts payable is a liability. It is the quantity of money your company owes vendors or creditors for goods and services, creating this a liability instead of an asset.
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Before completing the physical examination, the nurse determines that the client is awake, alert, and oriented. this information would be important for which part of the general survey?
The crucial data for the survey is consciousness level.
The phrase "level of consciousness" refers to a person's awareness and comprehension of what is going on around them. The three main levels of awareness are as follows:
When a person is awake, conscious of their environment, and able to think, speak, move, and react normally, they are said to be conscious.
A person has decreased consciousness when they appear to be awake and aware of their environment but are not acting normally. When unconscious, a person might not respond to questions, look straight ahead, or make any facial expressions. Others could assume that the person is acting strange, dazed, or confused. The person might not remember what happened in the future. When someone is unconscious, they are not aware of what is happening and are unable to react appropriately to what is happening to them and those around them.
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A+cpa+may+redesign+a+client's+payroll+system+and+charge+a+fee+calculated+as+25%+of+the+next+four+years'+cost+savings,+which+is+called+a(n):________
A CPA may redesign a client's payroll system+ and charge a fee calculated as 25% of the next four years' cost savings, which is called a(n) contingent.
A Certified Public Accountant (CPA) is a person who has attained professional qualifications through a combination of education, experience and licensing. A chartered accountant is not the same as an accountant. Accountants are typically professionals with bachelor's degrees in accounting. A CPA, or Chartered Accountant, is a professional who has obtained her CPA license through a combination of education, experience, and testing.
Certified Public Accountant (CPA) course is the premier credential for accounting education. Career possibilities for CPA are endless as you can work for a company, practice accounting, or work for an individual. For candidate resumes, CPA is a respectable credential
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Stakeholder engagement should include both internal, as well as external, stakeholders and emphasize issues that directly affect corporate strategy.
a. true
b. false
The statement that, "Stakeholder engagement should include both internal, as well as external, stakeholders and emphasize issues that directly affect corporate strategy" is True.
What is Stakeholder engagement?Stakeholder engagement refers to a type of meeting that all the major players in an industry. Stakeholder engagement is designed to tackle the issues that directly affect the organization.
Stakeholders are expected to make their own input and be aware of any major changes that ought to be carried out in the interest of the organization. Since their funds are involved in the business, they ought to be aware of all important decisions.
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Margo spends $10,000 on one year's college tuition. the opportunity cost of spending one year in college for margo is:_____.
Margo spends $10,000 on one year's college tuition. the opportunity cost of spending one year in college for Margo exists: whatever she would have purchased with the $10,000 plus whatever she would have attained maintained she had not been in college.
What is opportunity cost?The value or benefit forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost of that activity. Simply put, it means that if you choose one activity, you forfeit the chance to do another. The opportunity cost is the amount of time spent learning and the money that could be used elsewhere. When a farmer decides to grow wheat, there is an opportunity cost associated with not doing so or using the resources in another way (land and farm equipment).
The value of what you must give up in order to pick something else is referred to as opportunity cost in economics. It is frequently described as the second-best choice. The loss of gain that would have been realized if a different option had been chosen is sometimes referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it.
Hence, Margo spends $10,000 on one year's college tuition. the opportunity cost of spending one year in college for Margo exists: whatever she would have purchased with the $10,000 plus whatever she would have attained maintained she had not been in college.
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When a corporation fails, the maximum amount that can be lost by a shareholder is:_________
Answer:
Answer and Explanation: The answer is A. the amount of their initial investment. In case a corporation fails, its shareholders can lose the amount of money equal to or less than the amount initially invested.
Explanation:
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Nder the flsa, what information concerning employees' wages must be maintained by the employer?
The wages of the employees are information are:
The payroll, the duration. The additions and the deductions from the employees' wages.The nature amount is the exempt pay.What is wages?
The amount paid by labor is referred to as "wages." The wages are paid on a daily, weekly, or according to the work basis. The wages are the expenses of the business.
The employer is responsible for keeping track of the employee's salary. The payroll is the employer. The employer is responsible for the additions and deductions from the employees' wages. The nature amount is the exempt pay.
Hence, the significance of the wages aforementioned.
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The leadership team at bud’s distributors, a regional beverage company, collaborated during a two-day meeting to discuss and revise the company’s mission and goals, identify strengths, weaknesses, opportunities, and threats, and create a marketing plan. The process implemented by bud’s distributors is called _______.
The leadership team at bud’s distributors, a regional beverage company, collaborated during a two-day meeting to discuss and revise the company’s mission and goals, identify strengths, weaknesses, opportunities, and threats, and create a marketing plan. The process implemented by bud’s distributors is called Strategic Planning.
Strategic Planning: Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the organization attain its stated vision.
Advantages of Strategic Planning:
1) It enables businesses to take a proactive approach as opposed to a reactive one.
2 )It establishes a sense of direction.
3) It boosts operational effectiveness.
4) Market share and profitability have both increased.
5 )It can strengthen a company's resilience.
The process implemented by bud’s distributors is called Strategic Planning.
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