Answer: Product excellence
Explanation:
The product excellence is one of the type of product management approach in an organization and it basically producing the efficient goods and the services according to the customer desire and the requirement.
The following are some points that should be remember while creating the product excellence are as follows:
The manufacture should known about the actual requirement of the customer. Creating a efficient design of the product.Always establishing a clear goal regarding the product strategy for producing the goods and the services.Therefore, Product excellence is the correct answer.
What is an accurate definition of talent? the collection of things a person has done a subject a person would like to learn more about a natural ability a person is born with something a person likes to do for fun
Answer:
A natural ability a person is born with
Explanation:
I think this is the best answer, considering most talents people have come naturally.
Annie is working in an organization where her paycheck reflects how many hours she has worked with each paying client. For her, this seems very fair and motivating. This type of pay-for-performance plan is associated with which of the following motivation theories?
Answer:
A. Expectancy theory
Explanation:
Expectancy theory asserts that people make certain choices because they are motivated by what they expect the result of their choices will be.
Annie's view of her pay as very fair and motivating is as a result of her desire to work more hours with clients. Meaning her mediation of the outcome or result (number hours spent) motivates Annie.
The quantity of money in an economy and the _____________________ are inextricably intertwined
a) extraordinary gains that can be made with money
b) value of assets for loans
c) financial stress in the banking system
d) quantity of credit for loans
Answer:
d) quantity of credit for loans
Explanation:
As more quantity is available being for a decrease in required reserve ratio or emission of currency It will increase the bank's money available for loans to companies and families. If the quantity of money decrease it will reduce the amount for loans. Thus,this vaiable are inextricably intertwined.
The quantity of money in an economy and the quantity of credit for loans are closely linked. An increase in the money supply usually leads to an increase in credit availability. Conversely, financial stress can result in a decrease in available credit.
Explanation:The quantity of money in an economy and the quantity of credit for loans are inextricably intertwined. When there is an increase in the quantity of money available in an economy, it typically leads to an increase in the quantity of credit for loans. This is because banks have more funds to lend out and individuals and businesses have more access to borrowing.
For example, during times of economic expansion, the central bank may increase the money supply by lowering interest rates or buying government securities. This increase in money supply encourages banks to provide more loans, which then circulates more money in the economy.
On the other hand, during times of economic downturn or financial stress, banks may become more cautious in providing loans, leading to a decrease in the quantity of credit available. This can have negative impacts on various sectors of the economy dependent on borrowed money.
The budgeted multi-step income statements of both manufacturing and merchandising companies include the calculation of gross profit.
a) true
b) false
Answer:
TRUE
Explanation:
The gross profit is the difference betwenethe sales revenue and the cost of good sold/manufactured
for retail companys they determinate the cost using a given inventory method like FIFO LIFO or weighted average.
Manufacturing companies will subtract from the sales revenue the cost of good manufactured which can be determinated in various ways like process, order, absorption or ABC
Rhonda is currently in the 12 percent tax bracket. She reports a $400 tax deduction. How will this deduction affect her tax liability?
Answer:
deduction affect her tax liability = $48
Explanation:
given data
tax bracket = 12 %
tax deduction = $400
to find out
deduction affect her tax liability
solution
we get here deduction affect her tax liability that will be express as
deduction affect her tax liability = tax bracket × tax deduction ...............1
put here value we get
deduction affect her tax liability = 12 % × $400
deduction affect her tax liability = $48
so tax liability will decrease by $48 here only credits offset tax liability per dollar
n November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, with the contract to start immediately. King agreed to pay Taylor $5,880 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019 Taylor should recognize revenue in 2018 in the amount of
A. $0
B. $2,940
C. $5,880
D. $980
Answer:
Revenue = $980
so correct option is D. $980
Explanation:
given data
pay Taylor = $5,880
time = 1 year period
to find out
Taylor should recognize revenue in 2018
solution
we know that here work is started as on 1st November 2018 and take 12 month to complete it mean it take 2 month in 2018 and 10 month in 2019
so we get revenue for the year 2018 that is only for 2 months.
so
Revenue for the year 2018 is
Revenue = $5,880 × [tex]\frac{2}{12}[/tex]
Revenue = $980
so correct option is D. $980
A decrease in the demand for pastry chefs may come about because of an:
a. increased concern for fitness.
b. increase in the market wage rate for pastry chefs.
c. increase in the supply of other factors that pastry chefs use.
d. increase in the productivity of pastry chefs.
e. decrease in the price of other factors that are employed with pastry chefs.
Decreased demand for pastry chefs can arise from increased concerns for fitness, higher market wage rates for such chefs, and increased supply of other factors that pastry chefs use, making other food options more easily available and cheaper.
Explanation:The decrease in demand for pastry chefs could be a result of various factors such as changes in population preferences, market wages, or market dynamics. A. Increased concern for fitness could lead to a decrease in the demand for pastry chefs if people decide to cut back on their intake of sweet, high-calorie foods, hence reducing the need for chefs specializing in pastries. B. An increase in the market wage rate for pastry chefs might also reduce the demand for them if employers find it too costly to hire them. Finally, c. An increase in the supply of other factors that pastry chefs use can impact demand adversely if it makes alternative, cheaper foods more abundant and attractive.
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Faye works as an administrator and receptionist for Garage Door Store. The store withholds federal taxes from Faye's pay, and controls the methods and details of the performance of her work. Faye is not authorized to modify the prices or other terms of a sale at the store. Homer installs Garage Door products at the buyers' locations. Refer to Fact Pattern 19-2. Garage Door authorizes Homer to sell garage door upgrades and accessories at the buyers' locations at prices that Homer negotiates with those buyers. With respect to sales at those locations, Homer is Select one:
a. an employee only.
b. a principal.
c. an employee and agent.
d. an independent contractor.
Answer:
c. an employee and agent.
Explanation:
Based on the information provided within the question it can be said that with respect to sales at those locations homer is both an employee and agent. This is because he works for a company, therefore making him an employee. But at the same time he is authorized to act on behalf of Garage Door therefore making him an agent.
Amber is in the process this year of renovating the office building (originally placed in service in 1976) used by her business. Because of current Federal Regulations that require the structure to be accessible to handicapped individuals, she incurs an additional $11,000 for various features, such as ramps and widened doorways, to make her office building more accessible.
The $11,000 incurred will produce a disabled access credit of what amount?
a) $0. b) $5,000. c) $5,125. d) $5,500.
Answer:
Correct option is (b)
Explanation:
Disabled access credit is granted by IRS to small business owners on expenses incurred by them in making their structure accessible for physically handicapped people. Cost incurred could be on constructing ramps for wheelchairs or providing hear aids to people with hearing impairment.
The maximum credit is $5,000 or 50% of cost not exceeding $10,250 ($250 initial cost cannot be claimed for exemption), whichever is less.
Here, Cost incurred is $11,000. So 50% (10,250 - 250) or 0.5×10,000 that is $5,000 would e Amber's disabled access credit.
The standard cost sheet for Eiger Mountain Manufacturing’s (EMM) most popular product shows 3 pounds of material at $6.00 per pound and 1.5 hours at $28.80 per hour. During the most recent period, EMM produced 500 units and incurred direct materials cost of $10,060 when it purchased 1,600 pounds and $20,976 for direct labor costs for 760 hours of labor. What is EMM’s materials quantity variance for the period? A : $460 unfavorable B : $1,060 unfavorable C : $600 unfavorable D : $10,916 unfavorable
EMM's materials quantity variance for the period is $600 unfavorable, which represents the cost of the excess materials purchased beyond the standard requirement for the production output.
Pertains to calculating the materials quantity variance for Eiger Mountain Manufacturing (EMM) during a specific period. The standard cost sheet indicates that each unit requires 3 pounds of material at $6.00 per pound. For 500 units, the standard materials should be 500 units imes 3 pounds/unit = 1,500 pounds. The actual materials purchased were 1,600 pounds, indicating an excess purchase of 100 pounds. The materials quantity variance is calculated as the difference between the actual quantity purchased and the standard quantity allowed, multiplied by the standard cost per pound. Therefore, the materials quantity variance is (1,600 pounds - 1,500 pounds) imes $6.00/pound = 100 pounds imes $6.00/pound = $600 unfavorable.
The materials quantity variance for Eiger Mountain Manufacturing's product is $600 unfavorable, calculated by the difference in actual materials used versus the standard required materials, times the standard cost per pound. The correct answer is option C : $600 unfavorable.
To calculate the materials quantity variance for Eiger Mountain Manufacturing's product, we need to compute the difference between the standard quantity of materials that should have been used for the actual production and the actual quantity used, then multiply by the standard cost per pound. The standard quantity for 500 units is 3 pounds per unit, so 500 units imes 3 pounds per unit = 1,500 pounds. The actual quantity used is 1,600 pounds.
The materials quantity variance is calculated as follows:
(Actual Quantity - Standard Quantity) imes Standard Cost per Pound
(1,600 pounds - 1,500 pounds) imes $6.00 per pound = 100 pounds imes $6.00 per pound = $600
The materials quantity variance is $600 unfavorable, since more materials were used than the standard amount.
To introduce Halo 7, a new video game, the director of marketing for Microsoft Game Studios created a complex marketing scheme that began online with an apparent War of the Worlds-style invasion. A beekeeper's Web site, ilovebees, appeared to have been overtaken by the evil force, the Covenant, with the hopes that people who visited the site would send their friends to the site. This was most likely an example of:
Answer:
viral marketing
Explanation:
Based on the information provided within the question it can be said that this was most likely an example of viral marketing. This term refers to a business strategy that focuses on using social networks and other websites and apps in order to advertise and promote a product to increase sales. Which is what Microsoft has done in this scenario in order to promote their new video game.
If the world price of a good is equal to its no-trade equilibrium price, the country will import more of the good from other nations.
Answer:
False
Explanation:
The no-trade equilibrium price of a good refers to the domestic price of a good in an economy without any exports or imports. Therefore if the world price of a good is equal to the domestic price of the good, then there is no incentive to import the good.
Domestic producers will have an incentive for foreign trade if the world price is different from the domestic. If the world price is higher there is an incentive to export. If world price is lower, then there is an incentive to import.
A mask company set up a hospitality tent outside the Olympics arena. Its goal was to eoncourage patrons to view it as an Olympics sponsor even though it had not paid sponsorship fees. This is an example of _____.
Answer: Ambush Marketing
Explanation:
The mask company is engaged in Ambush marketing in the Olympics event.
Ambush marketing is a marketing technique that businesses use to give the public an impression that they are sponsoring an event when they aren't.
One framework for designing an effective message is the AIDA model. In the AIDA model, ________.
A.attention leads to interest, which hopefully leads to desire and then assimilationB.advertising leads to interest, which hopefully leads to desire and then attentionC.attention leads to interest, which hopefully leads to discussion and then actionD.attention leads to interest, which hopefully leads to desire and then actionE.advertising leads to interest, which hopefully leads to desire and then action
One framework for designing an effective message is the AIDA model. In the AIDA model, attention leads to interest, which hopefully leads to desire and then action.
Explanation:
The AIDA concept is an acronym – it represents care, interest, desire and action. It is a marketing model that describes the steps a customer takes in order to buy a product. Since the late 19th century the AIDA model has been in use.
The first step in marketing or advertising is how to draw customer interest. Interest: The client will strive towards growing the potential customer interest as he / she became aware that the product or service exists.
According to the multiplier concept when there is a change in any oneof the ________ factors (C, I , G, or Xn), a multiple impact upon the income, employment, and output of the nation will occur.A) Aggregate SupplyB) Aggregate DemandC) Either a. or b.D) None of the above
Answer: The answer is B Aggregate Demand
Explanation:
The theory of multiplier states that an increase in consumer or business investment spending in a country would produce a multiplier effect by raising the level of national income.The multiplier gives us the exact amount an increase in spending will raise the level of the national income. The multiplier is a mechanism of applying all forms of spending in a country by the government, business, firms, consumption expenditure by individuals, these spending will inject more money into the circular flow of income leading to the employment of more factor services, increasing households consumption expenditure, thereby raising the total national income.
The Aggregate demand is the total value of all planned expenditure of all buyers in the economy it is the sum buyers plan to spend on output, the Aggregate demand is made of consumption and investment spending in an economy in which all income from production is paid to the household sector. The household aggregate consumption is related to their money income. The changes in investment demand or consumption demand change the equilibrium level of income, Although either the consumption function or the investment function schedule can shift it is assumed that the autonomous change in aggregate demand starts with investment. The multiplied effect of a change in autonomous spending occurs because consumption is dependent on the level of income
"Alfonzo and Wendy were arguing about whether their company should issue par value common stock or no-par value common stock. Alfonzo said that par value stock was better because they could use it to help set the market price of the stock. Wendy disagreed. Who was right and why
Answer:
Wendy was right because par value stock has not impact on the market price of the stock.
Explanation:
Par Value:
The par value of stock is the value, that is generally a very small amount, which is stated on the stock certificates of a company. It has no connection with the market price of the stock.
Some states ask the company to assign a par value for stock so that's why the companies minimum par value to the stock.If some companies don't assign par value to their stock then its means that their shares have no-par value.In our case, Wendy was right due to the fact that par values has no concern with the market price of the stock.Simm Co. has determined its December 31 inventory on a LIFO basis to be $400,000. Information pertaining to the inventory follows: Estimated selling price $408,000 Estimated cost of disposal 20,000 Normal profit margin 60,000 Current replacement cost 390,000 At December 31, what should be the amount of Simm’s inventory?
Answer:
LIGO= Lower of Cost of Market
Market needs to be decided. Cost is always original cost. Market can be NRV, replacement cost or NRV less a Normal profit margin.
12/31 inventory: $400,000 cost
NRV= $408,000 - $20,000 selling price disposal cost: = $388,000
NRV less NPM = $388,000 - $60,000 = $328,000
Replacement cost: $390,000
Market is always the middle of:
NRV (ceiling)
Replacement cost
NRV-NPM (floor)
Replacement Cos $390,000
NVR = $388,000
NRV - NPM= $328,000
$388,000 is the middle number or NRV this is market
Compare Market $388,000 to cost $400,000
NRV of $388,000
LIFO and retail use LCM.
Prospective utilization review is:
A) Decisions that are being made during the actual course of service such as additional surgery.
B) An evaluation of services once the services have been provided.
C) Examines specific provider patterns of practice.
D) Implemented before the service is actually performed by having the procedure authorized by the MCO.
Answer: Examines specific provider patterns of practice.
Explanation: Prospective reviews provide the original pre-treatment examination and the primary treatment evaluation for a particular area of the body.
Utilization review is a health insurance company's opportunity to review a request for medical treatment. The aim of the examination is to ensure that your healthcare services are covered by the package. It also helps to reduce costs for the client and assess whether the common treatment is appropriate.
Thus, from the above we can conclude that the correct option is C .
Match each of the following terms to its meaning:
I. augmented reality
II. data mining
III. information technology
IV. spam
V. cognitive surplus
A. electronic junk mail
B. combination of leisure time and the tools to be creative
C. combination of our normal sense of the world and digital information
D. field of study focusing on the management, processing, and retrieval of information
E. searching for patterns within large amounts of data
Augmented reality combines our normal sense of the world with digital information. Data mining involves searching for patterns within large amounts of data. Information technology is a field of study focusing on the management, processing, and retrieval of information.
Explanation:I. augmented reality: C. combination of our normal sense of the world and digital informationAugmented reality refers to the integration of digital information with the user's real-world environment, creating an enhanced perception of reality. For example, using a smartphone app to overlay digital images onto a live video feed of the physical world.
II. data mining: E. searching for patterns within large amounts of dataData mining involves the extraction of patterns and knowledge from large datasets. It uses various techniques such as statistical analysis and machine learning to uncover meaningful insights and make informed decisions.
III. information technology: D. field of study focusing on the management, processing, and retrieval of informationInformation technology (IT) refers to the use, development, and management of computer systems, software, and networks to store, process, and distribute information. It encompasses a wide range of disciplines, including computer science, database management, and network administration.
IV. spam: A. electronic junk mailSpam refers to the unsolicited and unwanted email messages, often advertising products or services. It is typically sent in bulk to a large number of recipients and can be a nuisance and a threat to online security.
V. cognitive surplus: B. combination of leisure time and the tools to be creativeCognitive surplus represents the surplus time and potential creativity that individuals have outside of their regular work or obligations. It refers to the ability to contribute to collaborative projects, create content, and engage in meaningful activities using digital tools and platforms.
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Statements in which all items are expressed only in relative terms (percentages of a base) are termed:
a.Vertical Statements
b.Horizontal Statements
c.Funds Statements
d.Common-Size Statements
e.none of the answers are correct
Answer:
The correct option is D
Explanation:
Common size income statement is the one of the statement which is an income statement and in this statement each item is stated or defined as the percentage (%) of the sales or revenue value.
And this statement is primarily used for the analysis that is vertical and the each and every item in the financial statement is represented as the percentage (%) of the base figure from the statement.
So, the statement in which all the items are states in relatives terms are called to be the common size income statements.
Betty, an American, works for an automobile manufacturer in New Jersey. Her manager, Ruth, sends her on an overseas assignment to handle operations at the company's newly acquired plant in Japan.
Which of the following, if true, could have most likely led to Betty being chosen for the assignment?
A. Betty lacks tolerance to ambiguity and resists change.
B. Betty prefers to work in a less challenging work environment.
C. Betty works best with those from feminine cultures with low power distance.
D. Betty is insensitive to differences in cultures and norms.
E. Betty possesses the motivation to succeed and is achievement-oriented.
Answer: Betty possesses the motivation to succeed and is achievement-oriented.
Explanation:
Betty's manager believes in her ability to succeed in any environment due to her high motivation drive.
Betty most likely has a tendency to succeed at any project she is involved, therefore her manager believes she would be the best person to grow their new branch in Japan.
If there's a huge increase in the number of Americans travelling to Europe (say, for the Olympics), then the effect on the foreign exchange market is that the:
A. Demand for euros would increase
B. Supply of euros would increase
C. Demand for euros would decrease
D. Supply of euros would decrease
Answer:
A. Demand for euros would increase
Explanation:
If there's a huge increase in the number of Americans travelling to Europe, the demand for euros would increase. Euros is the currency spent in Europe. Americans would need to change their dollars for euro. This would increase the demand for euro and the supply of dollars. The value of euros would increase.
I hope my answer helps you.
Angie’s profits for March totaled $5400. If she profited nine times more in March than in April, what were April’s profits?
A. 700$B. 48,600$C. 600$D. 900$
Answer:
C. 600
Explanation:
The computation of the April profits is shown below:
We assume that,
April profit be X
March profit is nine times than in April i.e means X × 9 = 9X
And, the March profit is equal to $5,400
which means that nine times more of April month is equal to march profit
In mathematically,
9X = $5,400
X = $5,400 ÷ 9 = $600
So, April profit is $600
Angie's profits in March were $5400, and her profits in April were $540, as she profited nine times more in March than in April. The correct answer is C. $600.
To find April's profits, we need to determine what fraction of March's profits Angie earned in April and then solve for April's profits.
Let X be April's profits. According to the information given, Angie profited nine times more in March than in April. So, we can set up the equation:
March's Profits = April's Profits + 9 * April's Profits
$5400 = X + 9X
Combine like terms:
$5400 = 10X
Now, divide both sides by 10 to find X:
X = $5400 / 10
X = $540
So, April's profits were $540.
The correct answer is C. $600.
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The use of ___________ is based, in part, on the belief that the term is broader than public relations, and encompasses all communications of the company.
Answer: corporate communications
Explanation: Corporate communications relate to how businesses and organizations interact with specific stakeholders, both internally and externally. These stakeholders include,. customers, media, employees and government etc.
Based on the group being discussed, corporate communications may come in many forms. In conclusion, the communication strategy for a company would generally consist of the printed word, verbal word, and un-spoken interaction.
The communication department of an organisation is responsible for a number of duchies to be performed such as public relations and customer marketing etc.
Because of less availability and greater demand for scientific research, platinum remains consistently expensive, like gold.
True or False?
Answer:
True
Explanation:
Platinum is a very expensive metal because it is very rare (much rarer than gold) and only 160 tons of platinum are mined per year (compared to 1,500 tons of gold).
Besides jewelry, platinum is being used to develop high capacity fuel cells. Platinum serves as catalyst in the fuel cells, but its expensive price has limited the commercial viability of the power cells.
Researchers are continuously developing new power technologies to replace petroleum products (gasoline and diesel), but their costs are currently prohibitive for most of its potential uses.
The Henry-Bell organization uses the Scanlon plan to provide incentives to its employees. The workers produce electrical components worth $5 million. The target ratio set by the organization is 30 percent. The employees will be given a bonus if the actual labor costs are less than?
Answer:
$1.5 million
Explanation:
The computation of a lesser amount of the actual labor cost is shown below:
= Worth value of electrical components produced × target ratio
= $5 million × 30%
= $1.5 million
Simply we multiply the Worth value of electrical components produced with the target ratio so that the correct value can come so that we can take the discussion on the bonus distribution
Public policy
a. can reduce both frictional unemployment and the natural rate of unemployment.
b. cannot reduce frictional unemployment, but it can reduce the natural rate of unemployment.
c. can reduce frictional unemployment, but it cannot reduce the natural rate of unemployment.
d. cannot reduce either frictional unemployment or the natural rate of unemployment.
Answer:
A: Can reduce both frictional unemployment and the natural rate of unemployment.
Explanation:
Public policy can reduce both frictional unemployment and the natural rate of unemployment.
In the rule-making process, the legislature allows executive agencies wide latitude to make decisions within the broad requirements set out in the law. This is referred to as
Answer:
Discretion
Explanation:
In the legal system, discretion is most often described as a judge's ability to choose where, how and how severely a person who has been convicted should be sentenced.
An individual decides to use his or her options and decides what to use, whether he or she is a police officer who arrests a person on the street (criminal) or expels someone from an apartment (civil) or anywhere between.
There are some cases overruling or undermining the rule of law by imposing control.
Nevertheless, legislation can not be written without discretion, so the rule of law helps to direct discretion against societal expectations, standards and, at least in part, public interest.
Katherine 35 is married with two children and files as Head of Household. She lived apart from her husband for the last eight months of 2018.
What is the amount of California adjusted gross income she must have in order to be required to file a tax return?
Answer and Explanation:
Since Katherine is under 65 years of age and is the Head of Household. Therefore, in order to file a tax return, her gross income should at least be $13,400.
In a single employer group plan, what is the name of the policy issued to the employer?
Answer:
master contract
Explanation:
Based on the information provided within the question it can be said that the name of the policy issued is called a master contract. This is a collective bargaining agreement that covers all unionized worksites in an industry, and states all the terms and conditions of employment. Which in other words this applies to single employer group plans.