Management Education focuses on developing the skills and knowledge of management in a formal, structured environment. It is comprehensive learning but it is expensive. Management Training focuses on teaching and developing skills in the workplace or through an external program. It is less expensive but limited in scope. On-the-Job Experiences involve learning from direct involvement and experience. It is the quickest learning approach but is limited to specific business. A strategic management development program can combine all three components for a comprehensive approach to management.
Management education, management training, and on-the-job experiences are three approaches to training for management positions.
Compare and ContrastManagement education is an academic degree or programme that teaches people about management principles and concepts. It may be achieved at the undergraduate or graduate level, and it can be obtained online or on campus. Management education can offer you a comprehensive grounding in the theories of management and give you a systematic way to approach complex management issues.
On the other hand, management education may be costly and take years to finish, which may be impractical for someone looking for a quick way to gain management skills.
Management training, on the other hand, is a learning opportunity that focuses on a specific skill or competence, such as communication, problem-solving, or leadership. Management training sessions may be offered in-house by the company or by external consultants, and they typically take place in a classroom or online.
Management training sessions are usually shorter and less expensive than management education programmes, but they may not offer a comprehensive understanding of management principles and may not provide long-term development opportunities.
On-the-job experience is a learning opportunity that comes from working in a management position or shadowing someone who is in a management position. On-the-job experience provides an immersive environment where management principles and concepts can be put into practice.
On-the-job experience may provide long-term growth and development opportunities, and it is often the quickest way to learn management skills. However, on-the-job experience may be limited to the specific business or industry in which the person is working, and it may be difficult to develop a comprehensive understanding of management principles.
Strategic Management DevelopmentTo build a strategic management development program that combines management education, management training, and on-the-job experiences, follow these steps:
Define the objectives of the program.Identify the competencies that need to be developed.Design a curriculum that includes management education, management training, and on-the-job experiences.Establish a timeline for the program.Determine how the program will be assessed and evaluated.Determine how the program will be delivered (online, in-person, hybrid, etc.).Determine how the program will be financed.Finally, to ensure that your strategic management development program succeeds, you must collaborate with all stakeholders, including the organisation's leaders, employees, and management staff, to establish expectations and support for the programme.
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the asked yield for a $10,000 face amount treasury bill 36 days from maturity is quoted as .032%. what will you pay to buy the bill now?
the person will pay $9,997 for the Treasury bill now.
Treasury Bills are government issued notes that mature in one year or less than one year. A Treasury Bill has a minimum face value of $1,000 and in increments of $1,000.The formula to find the Treasury bill price is :
TBill Price = 100 – (Discount rate × TBill Term ÷ 360)
So, the price of a Treasury bill that has a face value of $10,000 and has 36 days left to maturity would be: Discount rate = 0.032% = 0.00032TBill Term = 36 daysPrice = 100 – (0.00032 × 36 ÷ 360) = 99.968 or 99.97 (rounded off)The price of the treasury bill would be 99.97. Therefore, the person will pay $9,997 for the Treasury bill now.
Answer: $9,997
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question 1: how should insurance markets work? options discussed in class completely private insurance markets universal public insurance compulsory insurance employer-sponsored insurance means-tested health insurance
In the following question, Insurance markets can work in several ways. There is completely private insurance, which is when insurance is provided through a private, for-profit entity and individuals must purchase the insurance themselves.
Among the various conditions given, There is also universal public insurance, which is when the government provides and subsidizes healthcare for everyone. Compulsory insurance is when everyone must purchase insurance, usually through their employer. Employer-sponsored insurance is when employers provide healthcare to their employees. Lastly, there is means-tested health insurance, which is when insurance is provided to those that meet certain criteria, such as income level.
Insurance markets can work in several ways. There is completely private insurance, which is when insurance is provided through a private, for-profit entity and individuals must purchase the insurance themselves.
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Fill in the blank: ____ are more concerned with how training may affect the attainment of financial goals for the particular units they supervise.
Managers are more concerned with how training may affect the attainment of financial goals for the particular units they supervise. Managers are the individuals in the company who make decisions, allocate resources, and direct the activities of others towards the attainment of targets.
Financial goals are specific, measurable, and achievable financial targets set by a business, corporation, or individual. Financial goals can be short-term, such as managing daily expenses, or long-term, such as retiring comfortably. Financial goals must be connected to the business's mission and vision. Managers must also assess the training's financial impact on the company, including return on investment (ROI), and overall effectiveness.
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you receive a credit card application from abc bank offering an introductory rate of 0.5% per years, compounded monthly for the first six months, increasing thereafter to 18.5% compounded monthly. assuming you transfer 7000 dollars from your existing credit card and make no subsequent payments. how much interest you will owe at the end of the first year
The total compound interest amount that the individual owes at the end of the first year can be calculated as follows: We know the following information from the problem: Amount transferred to the new credit card: $7,000 Introductory rate for the first six months: 0.5% compounded monthly Interest rate after six months: 18.5% compounded monthly
The formula for calculating interest when compounding is done monthly can be expressed as A=P(1+r/n)^(nt), where A is the amount owed, P is the principal, r is the interest rate, n is the number of times interest is compounded per year, and t is the time in years.
We can find the interest amount for the first six months by using the above formula with the given values. A=P(1+r/n)^(nt)A = $7,000(1+0.005/12)^(6*12/12)A = $7,025.58 Therefore, the interest amount for the first six months is $25.58.
Now we can find the interest amount for the remaining six months using the same formula. A=P(1+r/n)^(nt)A = $7,025.58(1+0.185/12)^(6*12/12)A = $8,807.18
Therefore, the interest amount for the remaining six months is $1,782.60.The total interest amount owed at the end of the first year can be found by adding the interest amounts for the first six months and the remaining six months.$25.58 + $1,782.60 = $1,808.18 Therefore, the individual will owe $1,808.18 in interest at the end of the first year.
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if the six sigma process which produces these parts is in control, what would we estimate the process standard deviation (sigma) for the .750 inches dimension to be?
Assuming the six sigma process is in control, we would estimate the process standard deviation (sigma) for the .750 inches dimension to be 0.0025 inches.
Six sigma is a quality control process that aims to produce products with a defect rate of 3.4 defects per million opportunities (DPMO). To achieve this level of quality, the process must be in statistical control, meaning that the process is stable and predictable. One of the key metrics in six sigma is the process standard deviation, which indicates the amount of variation in the process.
If the six sigma process is in control, we can estimate the process standard deviation for the .750 inches dimension using the process capability index (Cpk). A Cpk of 2 indicates that the process is capable of producing parts within six standard deviations of the target value, which translates to a process standard deviation of 0.0025 inches. Therefore, if the six sigma process is in control, we can estimate the process standard deviation for the .750 inches dimension to be 0.0025 inches.
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what improvement needs did gates corporation identify in the six sigma in practice feature (page 23 of the textbook)?
Gates and NC MEP chose projects in accordance with their needs to increase productivity, reduce costs and materials, and increase workforce capabilities within the project management aspect.
A corporation is a legal entity that is separate and distinct from its owners, known as shareholders. Corporations can raise capital by issuing shares of stock to investors and are often used as a way to limit the liability of the owners. This means that shareholders are not personally liable for the corporation's debts and obligations.
Corporations are governed by a board of directors who are responsible for making strategic decisions and overseeing the corporation's management. The management team is responsible for day-to-day operations and implementing the board's decisions. One of the benefits of a corporation is its ability to raise capital through the sale of shares.
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Complete Question:
What improvement needs did Gates Corporation identify in the Six Sigma in Practice feature, and what results were obtained from their “plus two Six Sigma class”? How did the changeover project and its solution address the four key issues of quality, productivity, cost, and profitability?
Case study:
Gates Corporation, formerly known as The Gates Rubber Company, has grown into one of the world’s largest manufacturers of industrial and automotive belts and hoses, plus a host of related products. The company’s facility in Jefferson, North Carolina, manufactures belts for automotive and industrial original equipment manufacturers, including Ford, GM, Chrysler, John Deere, Freightliner, and others. They also serve world-class aftermarket distributors such as NAPA, CarQuest, and O’Reilly. The facility employs 380 people.
Gates was experiencing increased competition in the belts industry. An assessment by the North Carolina Manufacturing Extension Partnership (NC MEP) uncovered the need to reinstate the company’s Lean Six Sigma projects, including the improvement of cycle times, to incorporate an inventory management system, and to reduce of materials costs.
NC MEP provided a “plus two Six Sigma class” and subsequently, a Six Sigma Green Belt class for company employees. Gates and NC MEP chose projects in accordance with their needs to increase productivity, reduce costs and materials, and increase workforce capabilities within the project management aspect. Several associates received the Six Sigma Green Belt training, resulting in the completion of 13 projects, some of which involved reducing materials costs. The company was also able to incorporate the Six Sigma methodology to improve the delivery system whereby everything is now tracked electronically. A changeover reduction allowed for additional safety and ergonomic benefits in addition to $750,000 in savings. In this pro- cess, not only was the changeover time dramatically reduced, but the machine precision improved also, making the process safer for the operator. As a result, the company increased sales by $500,000, reduced costs by $1.7M, and created 15 jobs.
14) the only difference between variable and absorption costing is the expensing of . a) direct manufacturing costs b) variable marketing costs c) fixed manufacturing costs d) variable administrative costs
The only difference between variable and absorption costing is the expensing of fixed manufacturing costs. Variable costing does not take into account the fixed manufacturing costs whereas absorption costing does.
The difference between variable and absorption costing is the expensing of fixed manufacturing costs. Option C, fixed manufacturing costs is the correct answer.Both variable and absorption costing are two different approaches to costing. They are both techniques used in managerial accounting to ascertain how the cost of a product or service is incurred, in order to help in decision making.
The key difference between variable and absorption costing lies in how fixed manufacturing costs are accounted for or expensed.Variable costing, also known as direct costing, traces only the variable costs of production (direct materials, direct labor, and variable overhead) to the cost of a product.
This means that fixed manufacturing costs, such as rent, utilities, depreciation, and property taxes, are not included as part of the cost of a product. This cost is treated as a period cost (a cost that is expensed during the period it is incurred) and is written off as an expense in the period incurred. Absorption costing, on the other hand, involves the allocation of both variable and fixed manufacturing costs to the cost of a product.
As a result, a product's cost includes all of the expenses that were incurred to produce it. The fixed manufacturing costs that are incurred to produce a product are deferred to future periods until the product is sold. This is because they are viewed as a cost of inventory until the inventory is sold. When the inventory is sold, the cost of goods sold will include the product's variable and fixed costs.
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how does vertical integration or horizontal integration impact the strategic direction of an organization?
Vertical integration or horizontal integration can significantly affect the strategic direction of an organization, as both are important parts of the overall supply chain management.
Vertical integration is the process of expanding a company's production and distribution process to include more operations, while horizontal integration is the process of expanding a company's supply chain by forming new partnerships. Both can lead to increased efficiency and cost savings, as well as increased market share, which can all influence the organization's strategic direction.
Vertical Integration Impacts the strategic direction of an organization by allowing the company to control the supply chain. A company that vertically integrates will have a higher degree of control over the production process.
Horizontal Integration Impacts the strategic direction of an organization by enabling the company to increase its market share. Horizontal integration allows the organization to broaden its product line, acquire new customers, and compete more effectively with rivals.
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organizations use a process known as blank to decide which applicants will or will not be allowed into the organization. multiple choice question. generalizability reliability personnel selection criterion-related validation
Organizations use a process known as C: "personnel selection" to decide which applicants will or will not be allowed into the organization.
Personnel selection is a process that involves identifying, attracting, screening, and hiring qualified individuals for job openings in an organization. It is a critical function of human resource management and is aimed at ensuring that the organization hires the right people with the right skills, knowledge, and abilities to perform the job. The process typically involves various methods such as interviews, assessments, reference checks, and background checks to evaluate the candidates' suitability for the role.
Personnel selection aims to identify the most qualified and capable candidates who can contribute to the organization's success and align with its culture and values. A well-executed personnel selection process can lead to improved job performance, employee engagement, and retention.
Thus, C: "personnel selection" is the correct answer.
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select all the correct answers. what were two effects of the lack of representation of the third estate in the estates-general?
The lack of representation of the Third Estate in the Estates-General had two major effects. it caused the Third Estate to become increasingly angry and it led to an unequal taxation system
First, it caused the Third Estate to become increasingly angry and frustrated over the lack of power they had in their government. This anger was expressed in the National Assembly and ultimately led to the French Revolution.
Second, it led to an unequal taxation system. The Third Estate was forced to pay more taxes than the other two estates, which led to an increasing sense of unfairness and resentment.
This increased tension between the different estates and ultimately resulted in the collapse of the Ancien Régime.
In summary, the lack of representation of the Third Estate in the Estates-General had two major effects. It caused the Third Estate to become increasingly angry and frustrated, leading to the French Revolution.
It also led to an unequal taxation system which caused resentment and tension between the different estates and resulted in the collapse of the Ancien Régime.
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clara has been employed by abc corp for 20 years. as part of her employment contract, clara agreed to a non-compete agreement for a 2 year period in a 50 mile range. however, clara accepts a position with a competitor of abc, that violates the non-compete clause. abc corp isn't interested in damages. they don't want clara sharing the information/knowledge gained from working for aba corp for the last 20 years. abc corp's best remedy would be:
ABC Corp's best remedy for Clara's breach of the non-compete agreement would be injunctive relief. What is injunctive relief? Injunctive relief is a court order that requires someone to do or stop doing something. It is frequently employed in non-compete cases, where a company seeks to enjoin a former employee from engaging in particular activities after leaving the organization.
ABC Corp's best remedy for Clara's breach of the non-compete agreement would be injunctive relief. What is an employment contract? An employment contract is an agreement between an employer and an employee that outlines the terms and conditions of the employee's employment, including salary, benefits, and other duties and responsibilities.
Employment contracts can take various forms and be written or verbal, but they are always legal documents.
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in monopolistic competition, each firm uses the demand curve and the marginal revenue curve to establish output and price. in monopoly, the firm uses the demand curve and the marginal revenue curve to establish output and price. multiple choice question. individual; market market; individual
Monopolistic competition is a form of imperfect competition in which many producers sell products that are differentiated from one another. The concept of a monopolistic market implies that the firms involved in it have some degree of power to establish the price and output of their product.In monopolistic competition, each firm uses the individual demand curve and the marginal revenue curve to establish output and price.
The demand curve of the individual firm is downward sloping, implying that the higher the price of the product, the lower the quantity demanded. Marginal revenue, on the other hand, is the additional revenue obtained by selling one extra unit of output.
The firm in a monopoly, on the other hand, uses the market demand curve and the marginal revenue curve to determine output and price.The marginal revenue curve, like the demand curve, is downward sloping in a monopoly. An individual firm in monopolistic competition has no influence over the market price because there are numerous producers producing slightly different products.
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problem 2: given a particular minimum t on, we can get as high a duty cycle resolution as we want just by increasing t pwm. do we pay any performance price for this?
In order to maintain high performance, the PWM signal frequency should be carefully tuned.
Whats the performance priceThe performance price is that the reaction time of the PWM output could be decreased by increasing the resolution of the duty cycle resolution.
To achieve a high duty cycle resolution, we must increase the frequency of the PWM signal, which will reduce the duration of each cycle.
The frequency of the PWM signal is inversely proportional to the pulse duration, as shown in the formula:
1 / (2 × π × R × C)
In this situation, R is the resistance and C is the capacitance of the capacitor that determines the PWM frequency.
The PWM signal frequency determines the response time of the circuit that it is driving, therefore if the frequency is too high, the response time may be too low, which may negatively impact performance.
Thus, in order to maintain high performance, the PWM signal frequency should be carefully tuned.
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which approach to estimating project time and cost is usually completed by upper management? multiple choice question.
The approach to estimating project time and cost that is usually completed by upper management is Top-down estimation (option A).
This approach involves setting an overall goal and timeline and then breaking it down into smaller, achievable tasks. It is commonly used by upper management because it allows them to gain an understanding of the overall scope of the project.
It is a relatively simple and efficient way to gain an understanding of the overall scope of the project. Upper management can use this approach to get a better understanding of the complexities of the project and how much time and resources will be needed to complete it.
Here's the full task:
Which approach to estimating project time and cost is usually completed by upper management?
Multiple choice question:
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a profit pool is defined as the total revenue in an industry at all points along the industry supply chain. group startstrue or falsetrue, unselectedfalse, unselected
A profit pool is defined as the total revenue in an industry at all points along the industry supply chain. This statement is True.
What is a profit pool?A profit pool refers to the total revenue in an industry, including all supply chain points. As a result, when a company expands into a market, it must first evaluate the size and attractiveness of that market's profit pool.
The profit pool is a new method of assessing an industry's attractiveness. It divides the industry into its various value chain activities and estimates the earnings potential at each stage, including raw materials, component production, assembly, marketing, and after-sales support.
To create a profit pool, first, identify the value chain segments that the company is interested in. Second, evaluate the total revenue generated at each level. Third, estimate the operating costs associated with each level. Finally, calculate the profits earned at each level of the value chain.
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sales variable expenses contribution margin fixed expenses net operating income $20,000 12,000 8,000 6.000 $ 2,000 required: (answer each question independently and always refer to the original data unless instructed otherwise.) 1. what is the contribution margin per unit? 2. what is the contribution margin ratio?
Answer : 1) The Contribution Margin per unit is difference in Sales per Unit and Variable Expenses per Unit. 2) The Contribution Margin Ratio is the ratio of the contribution margin to the sales revenue.
The Contribution Margin per unit can be calculated as follows: Contribution Margin per Unit = Sales per Unit - Variable Expenses per Unit Given that the sales are $20,000 and variable expenses are $12,000, the contribution margin can be calculated as:Contribution Margin = Sales - Variable Expenses= $20,000 - $12,000= $8,000Contribution Margin per Unit = Contribution Margin / Number of Units Produced= $8,000 / Number of Units Produced
The Contribution Margin Ratio is the ratio of the contribution margin to the sales revenue. The contribution margin ratio can be calculated using the following formula: Contribution Margin Ratio = Contribution Margin / SalesGiven that the sales are $20,000 and the contribution margin is $8,000, the contribution margin ratio can be calculated as follows: Contribution Margin Ratio = Contribution Margin / Sales= $8,000 / $20,000= 0.4 or 40%
The contribution margin ratio indicates the percentage of each sales dollar that is available to cover the fixed costs and provide profit. The higher the contribution margin ratio, the better it is for the company as it means a larger proportion of the sales revenue is available to cover the fixed costs and generate profit.
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once managers determine what work needs to be done, they then need to divide up the tasks among workers. this is called of . need help? review these concept resources.
Once managers determine what work needs to be done, they then need to divide up the tasks among workers. This is called task allocation.
What is task allocation?Task allocation is the process of determining which tasks are to be accomplished by whom. It is the process of assigning tasks to specific people and groups within an organization. Task allocation is a vital element of an effective organizational strategy.
Managers must determine what work needs to be done, the people who can do it, and how best to use their time, energy, and talents. Task allocation, in essence, is the process of identifying and distributing work amongst team members based on their abilities, expertise, and responsibilities.
This process is important because it allows managers to delegate duties in such a way that everyone has a clear understanding of their responsibilities and their role in the organization.
Task allocation allows managers to ensure that all necessary work is completed in a timely and efficient manner, while also enabling them to respond quickly to new developments or changing priorities.
In addition, task allocation helps to ensure that team members are working on projects that are within their abilities and interests, and that they have the resources they need to complete their work successfully.
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a flat portion of a long-run average total cost curve where costs neither increase nor decrease as output changes in the long-run is the result of
A flat portion of a long-run average total cost curve where costs neither increase nor decrease as output changes in the long-run is the result of constant returns to scale.
What is the long-run average total cost curve?A curve representing the connection between output and long-run average total cost in a competitive market, demonstrating how a company's long-run average total cost varies as output varies is referred to as the long-run average total cost curve. It's shaped like a U.
The flat portion of a long-run average total cost curve is the result of constant returns to scale. The concept of returns to scale refers to the impact of increasing or decreasing the scale of production on a firm's output over time. There are three types of returns to scale.
They are described in the following section:Constant returns to scale Increasing returns to scale Decreasing returns to scale When the scale of manufacturing grows, a constant returns to scale state occurs, which implies that output increases by the same proportion as the scale of production, resulting in constant average cost.
It implies that long-run average total cost neither increases nor decreases as output changes in the long-run. That is why it is a flat section of the curve.
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american airlines prices coach seats on its airline flights at different prices depending on demand and capacity. this is known as
American Airlines prices coach seats on its flights based on a dynamic pricing system.
This system takes into account demand, capacity, and other factors when setting the prices of tickets. This type of pricing is known as "yield management," where airlines adjust ticket prices in order to maximize profit.
Yield management works by pricing tickets at different levels depending on the amount of demand, allowing the airline to fill more seats and increase revenue.
When demand is low, the airline will offer lower prices to attract more customers. When demand is high, prices are raised to take advantage of the high demand. This system allows airlines to make the most of their available seating and revenue.
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Financial markets facilitate the transfer of excess funds from those who have them to those who need them.In the following table, determine whether each financial market participant is a surplus unit or deficit unit.Suppose Green Network Energy needs to raise money to finance its new manufacturing facility, but their CFO does not want to part with any of thefirm's equity. In this case, Green Network Energy would likely issue _____ securities to obtain the funding. Which of the following are ways that Green Network Energy could obtain funds to finance the expansion of its operations, given its stated preferencein the previous question? Check all that apply.• Issue corporate bonds• Issue common stocks• Issue commercial paper• Issue preferred stocks
Green Network Energy could obtain funds to finance the expansion of its operations by issuing corporate bonds, commercial paper, and preferred stocks.
Corporate bonds are debt securities issued by corporations to finance their operations and growth. The company typically pays a fixed rate of interest on the bonds and must repay the principal when the bond matures. Commercial paper is an unsecured debt instrument issued by corporations to finance short-term needs. It is usually only issued for a period of 9 months or less.
Preferred stocks are securities that give shareholders a fixed dividend and preference over common stockholders in the case of liquidation. In addition, preferred stocks are typically less volatile than common stocks. As Green Network Energy stated they don't want to part with any of their equity, they could raise funds by issuing the above mentioned securities.
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what annual growth rate is needed for a country to double its output in each of the following cases? instructions: in parts a-c, enter your answers as a whole number. in part d, round your answer to 1 decimal place. a. in 7 years: percent b. in 35 years: percent c. in 70 years: percent d. in 140 years: percent
In 70 years: The annual growth rate required is roughly 1% to double output in 70 years.
What annual growth rate is needed for a country to double its output ?The rule of 70, which states that the time it takes for a variable to double is roughly equal to 70 divided by the annual growth rate, can be used to determine the annual growth rate required for a country to double its output. This rule allows us to determine the annual growth rates required for each scenario:
a. Within 7 years: To double output within 7 years, an annual growth rate of about 10% is required.
b. In 35 years: The annual growth rate required is roughly 2% to double output in 35 years.
c. In 70 years: The annual growth rate required is roughly 1% to double output in 70 years.
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an excise tax on apples... a. leads sellers to supply less apples at every price. b. leads buyers to demand more apples at every price. c. leads sellers to supply more apples at every price. d. causes the supply curve to shift to the right.
The correct answer is A. An excise tax on apples leads sellers to supply less apples at every price.
An excise tax is a specific type of tax applied to the production or sale of a particular good, in this case apples. An excise tax increases the cost to produce or purchase a good, which leads to a decrease in supply.
When a tax is imposed on a good, the supply curve shifts to the left. This shift in the supply curve means that the quantity supplied of the good decreases at each price point. This shift in the supply curve also leads to an increase in the equilibrium price, as the quantity demanded at the original equilibrium price is now greater than the new quantity supplied. In conclusion, an excise tax on apples leads sellers to supply less apples at every price, as the shift in the supply curve reduces the quantity supplied at each price point. This shift in the supply curve causes the equilibrium price to increase.
So, The correct answer is A.
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Bubblemanis has three product lines - A, B, and C.A B C TotalSales $10,000 $9,000 $12,000 $31,000Variable costs 4,500 7,000 6,000 17,500Contribution margin 5,500 2,000 6,000 13,500Fixed costs 3,500 6,000 3,000 12,500Net income 2,000 (4,000) 3,000 1,000Product line B appears unprofitable, and management is considering discontinuing the line. How would the discontinuation of Product line B affect net income?Select one:a. increase by $2,000b. decrease by $2,000c. decrease by $4,000d. increase by $4,000
Discontinuing product line B would have a significant impact on the net income of Bubblemanis. Without product line B, the net income would decrease by $4,000.
This is because the contribution margin of product line B is negative, meaning that the company incurs a loss of $2,000 when selling it. As a result, discontinuing product line B would decrease the total contribution margin to $13,500, and the net income to $1,000, a $4,000 decrease from the current net income of $5,000.
This suggests that discontinuing product line B is not a viable option for increasing net income as it would actually result in a decrease in net income. Product line B must be improved in order to make it profitable, or else the company should consider other options for increasing its net income.
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if you sell televisions for $250 each, and you have fixed costs of $60,000 and unit variable costs of $50, what is your break-even point?
The break-even point is 1,200 televisions.
To calculate the break-even point, we need to determine the level of sales at which total revenue equals total cost. Total revenue is simply the price per unit times the quantity sold, or $250Q, where Q is the number of televisions sold. Total cost is the sum of fixed costs and variable costs, or $60,000 + $50Q.
Setting these two expressions equal to each other, we get:
$250Q = $60,000 + $50Q
Solving for Q, we find:
$200Q = $60,000
Q = 300
Therefore, the break-even point is 300 televisions. This means that if the company sells fewer than 300 televisions, it will not be able to cover its costs and will incur a loss.
If it sells more than 300 televisions, it will generate a profit. In this case, the company can cover its fixed costs and earn a profit by selling 1,200 televisions ($250 x 1,200 = $300,000), which is the break-even quantity.
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your study partner is confused by the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve. how would you explain this? the short-run aggregate supply curve slopes upward because many production costs, particularly can be taken as . the long-run aggregate supply is vertical because all prices, including nominal wages, are fully in the long-run.
The short-run aggregate supply curve slopes upward because many production costs, particularly can be taken as such.
This means that when the demand for goods and services in the economy increases, businesses will produce more in the short run, but this will come at an increasing cost as resources become scarce. This is reflected in the upward slope of the short-run aggregate supply curve.
The long-run aggregate supply curve is vertical because all prices, including nominal wages, are fully in the long-run. This means that when there is an increase in demand for goods and services in the economy, businesses will be able to produce more without facing increasing costs because they will be able to increase the number of workers and other resources that they use. This is reflected in the vertical slope of the long-run aggregate supply curve.
In summary, the difference between the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve is due to the fact that in the short run, businesses face increasing costs as they produce more, while in the long run, businesses are able to increase production without facing increasing costs. This is reflected in the shape of the two curves.
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4) a stock is expected to pay a dividend of $2 at the end of this year, and dividends will grow at 3% annually thereafter. it has a discount rate of 10%. if markets are efficient, what should the price be in 4 years?
A stock is expected to pay a dividend of $2 at the end of this year, and dividends will grow at 3% annually thereafter. it has a discount rate of 10%. The expected price should be $25.75 after four years.
The dividend of $2 is paid at the end of the year, and dividends grow at an annual rate of 3%. The discount rate is 10%. The expected price should be determined after four years.
Formula to be used is: P0 = (D1 / r - g)
Where P0 = the current price
D1 = the dividend paid at the end of the year
r = the discount rate
g = the growth rate of dividends
The growth rate of the dividend is given as 3%, which means g = 3%.
The dividend in the coming year would be:
D1 = D0 (1 + g)
Where D0 is the current dividend of $2
D1 = 2 (1 + 0.03) = $2.06
The current price of the stock is:
P0 = D1 / r - g
P0 = 2.06 / 0.10 - 0.03 = $25.75
The future price of the stock after four years is:
D5 = D4(1 + g)
D5 = 2(1 + 0.03) = $2.06
The future price of the stock after four years is:
P4 = D5 / r - g
P4 = 2.06 / 0.10 - 0.03 = $25.75
Therefore, the expected price should be $25.75 after four years.
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one of disney's resources is the use of fairy tale themes in the creation of new movies. if disney chooses to continue with this strategy, why might disney's ultimate ability to create value for the corporation from this resource be limited? a. fairy tales are a tangible resource with a limited supply. b. fairy tales are not necessarily rare, difficult to imitate, or nonsubstitutable. c. the cost to buy the rights to use the fairy tales may outweigh the benefits they provide. d. as an intangible resource, fairy tales, by definition, have a limited value.
We can see that if Disney chooses to continue with this strategy, Disney's ultimate ability to create value for the corporation from this resource be limited because: B. fairy tales are not necessarily rare, difficult to imitate, or nonsubstitutable.
What is fairy tale?A fairy tale is a type of folktale or fable that typically features mythical creatures, magical elements, and/or enchanting settings. Fairy tales often revolve around a central conflict or problem that is resolved by the end of the story through the actions of the protagonist(s).
While fairy tale themes can be a valuable resource for Disney, they are not necessarily rare or difficult to imitate by other competitors. This means that other companies can also use fairy tale themes in their movies, limiting Disney's ability to create a competitive advantage and unique value for the corporation from this resource.
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if the price of good increases by 10% and the quantity demanded falls by 5% what is the elasticity of demand? answer in absolute terms.
The price elasticity of demand (PED) is 0.5, if the price of good increases by 10% and the quantity demanded falls by 5%.
The price elasticity of demand (PED) can be calculated using the formula:
PED = % change in quantity demanded / % change in price
According to the question, the price of a good increases by 10%, and the quantity demanded falls by 5%. This implies that: % change in price = 10% and % change in quantity demanded = -5% (negative sign indicates a decrease in quantity demanded).
Therefore, using the PED formula,
PED = (-5%) / (10%)
PED = -0.5 (Note: The answer is in absolute terms, so the negative sign is ignored).
Hence, the price elasticity of demand is 0.5.
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one reason markets may fail to provide the optimal quantity of public goods is the problem of group of answer choices economic integration. free riders. nondiscrimination. determining what the public wants. diminishing returns.
The problem of free riders is one reason why markets may fail to provide the optimal quantity of public goods. Free riders are people who consume public goods without contributing to their production or funding. This reduces the incentives for suppliers to produce the public good in an optimal quantity.
Free riders are able to consume public goods without contributing to their production or funding, which reduces the incentive for suppliers to produce the public good in an optimal quantity. Without sufficient incentives, suppliers may not produce enough of the public good to meet the optimal quantity. This means that the quantity of the public good supplied may be lower than the optimal quantity, leading to a market failure.
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your grandfather placed $4,000 in a trust fund for you. in 10 years, the fund will be worth $8,000. what is the rate of return on the trust fund (compounded annually)?
The rate of return on the trust fund, compounded annually, is approximately 1.99%, given an initial investment of $4,000 and a final value of $8,000 after 10 years.
To calculate the rate of return, we can use the formula for compound interest:
[tex]FV = PV(1+r)^n[/tex]Where FV is the future value, PV is the present value, r is the interest rate, and n is the number of compounding periods. Rearranging the formula to solve for r, we get:
r = [tex](FV/PV)^{\frac{1}{n} } -1[/tex]Substituting the given values, we get:
r = [tex](8000/4000)^{\frac{1}{10} } -1[/tex]r = 0.0199Which simplifies to approximately 0.0199 or 1.99% when rounded to two decimal places. Therefore, the rate of return on the trust fund is approximately 1.99%, compounded annually.
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