Answer:
Using Total Cost Analysis, it will be more cost-effective to use;
b. Supplier B
Explanation:
Total cost of ownership (TCO) can be defined as the total cost of an asset including the purchase cost and cost of operation of the asset. Assessing the TCO takes a bigger picture analysis of the overall cost of an asset. Most people usually don't consider the operating costs of an asset. This can prove detrimental in the long run when one starts going through unaccounted operation expenses. Unforeseen expenditure can lead to poor credit scores since one did not prepare for them.
When buying an asset, it is imperative to consider the sort-term and long-term costs. The short-term costs are the immediate costs that are often clearly identified in the initial stages. The short-term costs are purchase and transportation costs. The long-term costs are costs that will be incurred with time, over the life of an asset. Examples of long-term costs are; depreciation costs and operations costs.
In our case above, the best option would be Supplier B since it's total cost of ownership is cheaper compared to Supplier A and Supplier C.
In Nerumbia, all businesses are owned by the state. The Nerumbian government plans production, fixes commodity price, and also gives directions on investments to ensure they benefit the nation as a whole and not only a few individuals. Nerumbia has adopted a _____ economy.
a. capitalist
b. command
c. traditional
d. mixed
e. market
Answer: Command
Explanation: A command also known as planned economy is one in which all economic activities are carried out using economic policies laid down by the state. In such economy, government influence and determine the type of goods to be produced, method of production, The price of goods produced, The target market and also oversee the proceeds or income generated. The command system is mainly found in communist economy like North Korea. Command systems is aimed at achieving even or fair distribution of resources among the populates rather than being concentrated in the hands of private investors.
Which Act was passed to prevent businesses from restraining trade and monopolizing markets, and condemns "every contract, combination, or conspiracy in restraint of trade"? A. Sarbanes-Oxley Act B. Social Factors
Answer:
Sherman Antitrust Act
Explanation:
This act was passed in 1890's by the Congress to increase the economic competitiveness by outlawing monopolistic business practices. Beside all this, the implementation of this law was failure of the judiciary because the law was poorly worded and the judges didn't dared to touch it because of the presence of loop holes in this law.
Mark wants to become a successful businessman. He studies how Bill Gates, the founder of Microsoft, became wealthy. This is an example of a(n) ______.
Answer: Case study.
Explanation:
A case study is an in-depth study of an individual or an event to get deeper understanding about that individual or event. Mark is making Bill Gates his case study, to understand closely the steps he took to become a successful businessman, in order for him(Mark) to apply those steps.
The Coffee Collective is seeking to identify customers who want a unique coffee drinking experience and are open to a loyalty rewards program. In doing so, the Coffee Collective is identifying its target__________________.
Answer:
market segment
Explanation:
We know that a market segment is a group of people who share one or more common characteristics, lumped together for marketing purposes.
In this example, The Coffee Collective is seeking to discover target customers who share particular coffee drinking habits and who are open to loyalty reward programs. Thus, they aim to find potential customers who share common characteristics.
A hacker sends a database command after regular data in an online submission form. This
command inserts an unauthorized record giving access to the hacker. Which risk is being discussed here?
a. SQL injection
b. HTML
c. Cross-site scripting
d. Java
Answer: SQL injection
Explanation:
SQL injection is a type of risk that could lead to the potential loss of private, personal or confidential information or data, this loss could be through such data being stolen, deleted, accessed by unauthorised users, etc.
SQL ( Structured Query Language) is a code added to a web in order to bridge the security and grain access to private data or document. It is a way of hacking into a website or system which is illegal and punishable under the law. SQL injection can be used to hack an ATM, dump unauthorised contents into a system or server, etc.
The continuing cycle of erratic demand causing forecasts to include safety stock which in turn magnify supplier forecasts and cause production planning problems is known as______________.
Answer:
The Bullwhip Effect
Explanation:
Bullwhip effect is a phenomenon that occurs in an organisation's channel of distribution due to swings or erratic demands for products by customers. This erratic nature of demands will usually lead to forecasting inefficiencies especially in meeting the demands through the supply chain.
A sudden increase in demand could lead to production planning problems because there might not be enough inventory of materials on ground to meet the demand. Also, a sudden decrease in demand can bring the challenge of excess inventory of materials which may not be needed for production for a while.
One of the measures taken to manage this erratic nature of demands is to ensure that whatever the forecasts for demands is, safety stock must be included to the forecast level of demand so as to ensure that production planning is adequate and the demands are met as well.
Jimland's government has severe restrictions toward the entry of foreign companies into the country. A foreign company interested in Jimland would have to purchase an existing company in order to conduct its business there. Hence, companies can only enter Jimland through a:
Answer:
A Foreign Direct Investment
Explanation:
A FDI or Foreign Direct Investment is the definition of investment an organisation or an individual makes in another country aside his own country. Mostly it is done through the acquisition of business assets, property in the foreign country or the exclusive start of a new business activity in the country.
The action of Jimland to purchase an existing company in order to conduct its business falls under the jurisdiction of FDI as the acquisition of business assets or whole businesses. It means while Jimland cannot just start its own business activity, it can purchase,continue or modify the business operations of an existing company.
Jepmem Inc is expanding its global operations into North Pidlin, even though the country has a high global terrorism index. As Jepmem Inc expands into North Pidlin, it must deal with _____
A) political uncertainty
B) purchase uncertainty
C) policy uncertainty
D) pandemic uncertainty
Answer:
a. political uncertainty
Explanation:
Political uncertainty -
It refers to the class of economic risk , in which there is uncertainty in the future of any policy of the government , which increases the risk premia and the business , is referred to as political uncertainty.
It is also referred to as regime uncertainty.
Where it could be any uncertainty in the fiscal or any monetary policy.
Hence , from the scenario of the question,
The correct option is a. political uncertainty.
Which of the following is true about how the "invisible hand" influences economic activity through prices when a product has lower demand than supply?
a. The price must increase, causing less buyers to buy and less sellers to sell.
b. The price must increase, causing less buyers to buy and more sellers to sell.
c. The price must decrease, causing more buyers to buy and less sellers to sell.
Answer:
The correct answer is c.
Explanation:
Since the point the text is mentioning is above the equilibrium point, we know that the Demand is lower than it should be, while supply is bigger.
In order to increase the demand and lower the supply, we need to decrease the price to the equilibrium price. This will increase the demand and lower the supply making them intersect and reach the equilibrium point, a point that the invisible hand is influencing.
I hope this helps!
__________ innovation is a term used to describe how rapidly and consistently new, information-intensive technologies replace older ones.
Answer: Perpetual
Explanation:
The perpetual innovation is basically describe about the information regarding the new technologies and it is one of the most flexible innovation strategy.
It is one of the type of planning strategy that basically protecting the various types of technology in the market.
The perpetual innovation is one of the consistent and rapidly growing technologies that replaced the older one technologies. It best describe about the intellectual properties by properly organizing the innovations.
Therefore, Perpetual is the correct answer.
teaching a newly diagnosed client about systemic lupus erythematosus(SLE). What statement by the client indicates the teaching was successful?
Answer:
I should avoid prolonged sun exposure
Explanation:
Systemic Lupus Erythematosus (SLE) is a type of illness in which the healthy tissues of the body gets attacked by the immune system by accident. Genetic, environmental and certain medications and hormonal factors trigger the onset of this disease in human beings.
People who have SLE are required to get protective clothing, sunglasses and sunscreens when they are to go under the sun.
So when the client makes comments around staying away from long exposures under the sun, it means the teaching was successful.
A student demonstrating understanding of Systemic Lupus Erythematosus might acknowledge it as an autoimmune disease with diverse symptoms, understand that symptoms vary based on the body areas affected, and comprehend that diagnosis is not solely reliant on a positive ANAS test, but rather a combination of symptoms and autoantibodies.
Explanation:Success in teaching a client about Systemic Lupus Erythematosus (SLE) would be reflected in the client displaying an understanding of their condition. For example, the client might make the following statement: 'I understand that SLE is an autoimmune disease characterized by the production of autoantibodies, which lead to diverse symptoms such as fatigue, fever, hair loss, and a sunlight-sensitive rash. This rash often presents as a 'butterfly' over the cheeks and bridge of the nose in about 50% of people with SLE.'
The client may also demonstrate understanding by stating, 'I know that the symptoms will depend on the specific areas affected by the disease. It might result in joint arthritis, neurological symptoms like headaches and seizures, and even abdominal discomfort. The condition might also affect my kidneys, causing edema in the legs and weight gain.'
Lastly, the client can affirm knowledge by declaring, 'I reckon that the diagnosis of SLE is not simply based on a positive ANAS test, but rather on the identification of at least four of the most common symptoms accompanied by the confirmed production of an array of SLE-specific autoantibodies.'
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According to the pendulum view of globalization, globalization is a relatively new phenomenon triggered by the information revolution of early 1990s.
A. True
B. False
During which stage of the business buying process is a buyer most likely to conduct a value analysis, carefully studying components to determine if they can be redesigned, standardized, or made less expensively?A) proposal solicitationB) general need descriptionC) order-routine specificationD) performance reviewE) product specification
Answer:
E, product specification
Explanation:
During the product specification stage of a business buying is when a product is analyzed to determine if it can be redesigned, standardized or made less expensively.
A product specification is a document that shows the information involve in the creation of a product alongside the features of the product.
Product specification is important in business buying because it gives a detailed information about the reason for manufacturing such product, its performance/expected performance as well as how the product was manufactured, which materials were used, the differences with similar products of other manufacturers, etc.
I hope this helps.
BackFill Systems allocates manufacturing overhead based on machine hours. Each connector should require 13 machine hours. According to the static budget, BackFill expected to incur the following:
1,300 machine hours per month (100 connectors * 13 machine hours per connector)
$6500 in variable manufacturing overhead costs
$5550 in fixed manufacturing overhead costs
During August, BackFill actually used 400 machine hours to make 85 connectors and spent $5,500 in variable manufacturing costs and $8800 in fixed manufacturing overhead costs. Calculate the variable overhead efficiency variance for BackFill.
a. $3,525 F
b. $3,500 U
c. $25 F
d. $7,025 F
Answer:
a) $3,525 F
Explanation:
Overheads cost is the addition of the indirect material cost, indirect labour cost and indirect expenses. Overhead that changes with the level of activity are called variable overhead costs, example includes cost fueling machines in factory.
Variable overhead efficiency variance: A variance is the difference between a standard cost and the actual cost. Variable overhead effeciency variance aims to determine the savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expeceted.
To calculate this variance, we do as follows:
Hours
85 connectors should have taken(85 ×13) 1,105
but did take (i.e actual hours) 400
Efficiency variance in hours 705 F
Standard variable overhead rate/ hr (6500/1300 ) $5
Variable overhead efficiency variance $3,525 F
Note ; The standard rate per hour = Budgeted Cost/Budgeted hours
= $6500/ 1,300 hours.
There were savings in the cost because the workers spent less time (400 hours) to produce the actual units of connectors thatn the expected hours given 1,105 hours.
This intermediary generally accepts contributions from both employers and employees, and its funds are usually shielded from taxes until the funds are withdrawn.
Answer:
A pension fund companies
Explanation:
A pension fund is a retirement plan that allows an employee and the employer to make contributions into a pool of funds set aside for a the employee's future benefit i.e after retirement. The pool of funds is invested on the employee's behalf, and the earnings on the investments generate income to the worker upon retirement. The pension fund companies serves as the intermediary that accept such contributions and help invest such funds until the retirement of such employee
In marketing terms, what is a market? A. A retail establishment B. All sellers of a product or service C. The set of actual and potential buyers of a product or service D. A company's current customers E. The products that are sold to customers
Answer:
The set of actual and potential buyers of a product or service
Explanation:
To market a product means taking deliberate actions to make a product known to buyers. It involves creating awareness of the benefits of a product with expectations that customers will buy it. Marketing activities are directed towards customers and potential customers of the products or services.
A customer is an individual or institution that buyers a product or a service. They buy for consumption or as inputs for the production of more goods and services. Marketers create enticing messages to convince buyers to purchase. Therefore, buyers and potencial customers are the market for products and services.
________ consist(s) of employees representing various functions of the company, such as R&D, design, production, marketing, distribution, and customer service.
Answer:
Cross functional teams
Explanation:
Cross functional teams is the term which is defined as the groups which are made up of the people from the different functional areas within the company or firm such as the human resources, marketing, sales, customer service and distribution.
Under this teams are effective as each member could address the business decision from different view points.
Therefore, the cross functional teams are the one which compromise of the employees stating the various company functions.
Category Value Net exports $ 50 Value of new goods and services produced in the underground economy 75 Personal consumption expenditures 300 Value of the services of stay-at-home parents 25 Gross domestic investment 100 Government purchases 50 Total $600
Answer:
Net exports $ 50
New goods and services $75
Personal consumption expenditures $300
Value of the services of stay-at-home parents $25
Gross domestic investment $100
Government purchases $50
Total $600
Explanation: All these values are used to calculate the balance of payments of a country and represent the changes that occur in the accounts to maintain the balance of the economy
Answer:
All these values are used to find Gross Domestic Product (GDP) of an economy. GDP includes 4 things C,I,G,NX. GDP means the value of Goods & Services produce within the boundary of an economy.
C is Consumption
I is Investment
G is Government Spending
NX is Net Exports
Taxpayers must use the mid-month convention when more than 40% of the personal property is placed in service during the last three months of the tax year.
True / False.
Answer:
False
Explanation:
Taxpayers must use mid-quarter convention.
This convention states that all taxpayers must use it when more than 40% of their personal property is placed in service during the tax year's last three months.
This convention states that a property is treated as placed in service and/or disposed of in the quarter's middle in which the property is placed in service and/or disposed of.
Asset distribution analysis provides a better understanding of how the community functions and how it addresses the public health and nutrition needs of its citizens.
True / False.
Answer:
False
Explanation:
Based on the information provided within the question it can be said that this statement is False. The term that actually provides a better understanding of this is Community Needs Assessment: Purpose, since the main goal of the community needs assessment is to meet the needs of children, youth, and families by identifying the strengths and resources available in the community.
BC Corporation has 1,800 shares outstanding and earned $2,700 last year on assets of $2 million and equity of $1.5 million. What is the PE ratio if the stock is currently selling at $18 per share?
Answer:
PE ratio = 12
Explanation:
Data provided in the question:
Number of shares outstanding = 1,800
Earning on assets = $2,700
Now,
Earnings per share, EPS = [ Net income ] ÷ [ shares outstanding ]
= [ 2,700] ÷ [ 1,800 ]
= 1.5
Thus,
PE ratio = [ Price per share] ÷ [ Earnings per share]
= 18 ÷ 1.5
= 12
Hence,
PE ratio = 12
Brian is struggling with the choice of publishing his new book, How to Cook Polish Barbeque, as an e-book or a paperback. Brian is addressing which core marketing aspect?
a. managing the exchange function of marketing
b. developing a promotional plan
c. deciding where and how to sell the product
d. making product designs
e. pricing the product
The question should have been:
Brian is struggling with the choice of publishing his new book, How to Cook Polish Barbeque, as an e-book or a paperback. Brian is addressing which core marketing aspect?
a. managing the exchange function of marketing
b. developing a promotional plan
c. deciding where and how to sell the product
d. making product decisions
e. pricing the product
Answer: Making product decisions
Explanation:
Brian has to make a key decision on how the final product would look like, he is faced with making a product decision. Product decision is a decision the producer makes on how a product would look like.
Financial statements should be useful. Which of the following is not one of the qualities of useful financial representation.
A. Expandability Relevance
B. Faithful representation
C. Comparability
D. Consistency Verifiability
Answer:
A. Expand-ability Relevance
Explanation:
Financial statements does not need expansion, therefore expand-ability relevance is not one of the qualities of financial statements.
A. Faithful representation- financial statements must be a faithful representation of the state of the entity. it should represent the correct position of the entity.
B. Comparability - The financial statements must be prepared in accordance with acceptable standard to ensure comparison within and without the entity.
C. Consistency and Verifiability - The numbers must be verifiable and methods choosing in treating certain items must be consistent over time.
Option D, 'Consistency Verifiability,' is not a recognized quality of useful financial representation individually. The recognized qualities include relevance, faithful representation, comparability, and verifiability. 'Expandability Relevance' is also not a recognized quality.
Explanation:The statement "Financial statements should be useful" pertains to qualities that make financial data useful for decision-making by users such as investors, creditors, and others. The qualities of useful financial representation include relevance, faithful representation, comparability, and verifiability. However, consistency is indeed important, but the term 'Consistency Verifiability' is not recognized as one of these qualities. Hence, the correct answer is D. Consistency Verifiability - it is not one of the recognized qualities as it mixes two separate concepts: consistency and verifiability.
While consistency refers to the use of the same methods over time within a company's financial reporting, verifiability means that different knowledgeable and independent observers could reach consensus, although not necessarily complete agreement, that a particular representation is faithful.
There is no quality named 'Expandability Relevance', thus option A includes a term that is not defined as a quality of useful financial representation either. Overall, the correct option should highlight an attribute not recognized as a quality for financial representation.
When there is a net increase in the physical quantity of inventory during a period, the use of ________ results in an additional layer of inventory.a. FIFO
b. LIFO
c. average cost
Answer:
(B) LIFO
Explanation:
LIFO accounting is a method used in managing inventory and financial matters.
LIFO stands for “Last-In, First-Out”.
This method of accounting assumes that the recently purchased inventory be sold first. It is a method used for cost flow assumption purposes in the cost of goods sold calculation.
Then, LIFO INVENTORY LAYER is a portion of LIFO inventory cost on a balance sheet.
The ending inventory in physical quantity will usually exceed the beginning inventory.
The LIFO cost flow assumption assigns to this increases in physical quantities a cost computed from the prices of the earliest purchases during the year.
The LIFO inventory then consists of layers, or slices, which typically consists of relatively small amounts of physical quantities from each of the past years when purchases in physical units exceeded sales in units.
A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using ________ organization.
a. matrix-style
b. functional teams
c. dedicated teams
A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured as a ________ organization.
A. Functional
B. Balanced matrix
C. Weak matrix
D. Strong matrix
E. Project
A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using Project organization.
Answer: Option E
Explanation:
Projectized or Project organization as the name suggests, focus on the projects and various process related to those projects. Project organization is different from the rest of the organizations in a sense that it works as a separate unit.
In this type of organizational structure the project manager is on the top and he is the sole decision maker regarding all the projects. The rest of the team members report to the project manager, whereas the roles and responsibilities are divided amongst the members.
Which of the following questions is most likely to be asked by a creditor? a. Will the company be capable of repaying its debt when it is due? b. What are the company’s terms of credit with its suppliers? c. Will the company’s stock increase in value? d. What is the amount of taxes owed to the government?
Answer:
Correct answer is (a) Will the company be capable of repaying its debt when it is due?
Explanation:
Every creditors to a business want to know if the company is willing, able and ready to pay back the debt as at when due before giving out credit. Otherwise, it may lead to cancelation of deal.
a. Will the company be capable of repaying its debt when it is due?
In this question, we are considering which question is most relevant to a creditor. A creditor is an entity (often a bank or financial institution) that lends money or extends credit to a borrower with the expectation that they will repay that debt.
Let's analyze the options given:
a. Will the company be capable of repaying its debt when it is due?
This question is critically important for creditors. It directly assesses the borrower's ability to meet their debt obligations on time, which is a major concern for anyone extending credit.
A creditor wants to ensure that the borrower has sufficient income or cash flow to repay the loan, and this is usually the first question asked.
b. What are the company’s terms of credit with its suppliers?
While this question is relevant to overall financial health, it is more about the company's operations and relationships with suppliers rather than a direct concern of creditors, who are more focused on repayment capabilities.
c. Will the company’s stock increase in value?
This question pertains to investors rather than creditors, as it concerns potential growth and market performance. Creditors are primarily concerned with loan repayment, not stock performance.
d. What is the amount of taxes owed to the government?
While understanding tax liabilities is important for overall financial assessment, it does not directly address the creditor's primary concern of whether the borrower will repay the debt.
_____ is best described as an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage.
A. Supply chain management
B. Integrated technology management
C. Strategic management
D. Inventory management
Answer:
Strategic management
Explanation:
Definition:
Strategic management is the identification, selection and implementation of an organisations long term goal and its objectives. It takes into account the concerns and existence of all stakeholders.
Three components of strategic management:
Strategic Analysis - takes into account factors affecting the internal and the external environment of the business. Strategic Choice - involves the formulation, evaluation and selection of strategic options.Strategic implementation - involves implementing and monitoring the strategies selected by the business.Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. Last year at a price of $4 per unit, you would have purchased 30 units. What is most likely to have happened over the last year?
Answer:
Demand has increased
Explanation:
The willingness and ability to purchase a product or a service is the demand for that product. All things remaining constant, the price of a product is the point at which supply meets demand. A shift in either supply or demand will result in a change in price.
At the current price of $4, a customer can buy 20 units. Last year, the same $4 could buy $30 units. The same amount of money has purchased fewer units compared to last year, which implies an increase in the price per unit. As per demand and supply theory, an increase in demand without a subsequent increase in supply results in an increment in price. The increase in demand pushes the equilibrium point upwards, resulting in a higher price.
The decrease in the student's willingness and ability to buy units suggests a decrease in demand for the good over the last year.
Explanation:In this scenario, the student's willingness and ability to buy fewer units at the same price suggests a decrease in demand for the good over the last year. This could be due to factors such as a decrease in consumer income, a change in consumer preferences, or the availability of alternative products in the market.
For example, if the student's income has decreased, they may no longer be able to afford as many units as they did last year. Alternatively, if there are no similar products available at a lower price, the student may choose to buy those instead.
Overall, the decrease in demand indicated by the student's willingness and ability to buy fewer units suggests a shift in market conditions over the past year.
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Prior entrepreneurial experience, relevant industry experience, and ____ are the attributes that strengthen the chances of a founder's success.
Answer:
Networking
Explanation:
Your network is your net-worth. The phrase is said over and over again encouraging entrepreneurs and business owners to cast their “net” and meet as many people as possible. Networking is a big reason for success for business owners. There’s even local groups like BNIs that are built around networking. Being able to increase your presence is very important.
uppose a price floor on sparkling wine is proposed by the Health Minister of the country ofVinyardia. What will be the likely effect on the market for sparkling wine in Vinyardia?
A) Quantity demanded will decrease, quantity supplied will increase, and a shortage will result.
B) Quantity demanded will increase, quantity supplied will decrease, and a surplus will result.
C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result.
D) Quantity demanded will increase, quantity supplied will decrease, and a shortage will result.
Answer:
C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result
Explanation:
Price floor is the least amount a good or service can be sold. A price floor is usually set above equilibrium price.
When a price floor is enacted, it usually discourages demand because prices are usually set higher and encourages supply.
As a result, quantity demanded will decrease, quantity supplied will increase, and a surplus will result.
I hope my answer helps you.