Answer:
Program effectiveness
A construction company has 12 workers who are paid minimum wage. The company wants to reduce costs because there is less work. Which option would be more effective?
A) Have the workers work more quickly
B) Hire workers who are not as skilled
C) Reduce the amount workers are paid
D) Select several workers to be laid off
Answer:
D) Select several workers to be laid off
Explanation:
As we know that the construction company has 12 workers who are paid minimum wage. But the company wants to reduce costs because there is less work then the company has to select several workers to be laid off though the companies costs will be saved. As the company has less work if the company will make the workers work more quickly, then also the company has to pay the wage of the workers. But if the company will the choose option 'D' it will help the company to save its costs.
Selecting several workers to be laid off is likely the most effective option for a construction company to reduce costs while maintaining work quality, as reducing wages could lead to the loss of its best employees.
To decide which option would be more effective in reducing costs for a construction company with workers paid minimum wage, consider the following analysis:
Having the workers work more quickly might not be sustainable or safe, especially in the construction industry.
Hiring workers who are not as skilled may reduce the quality of work and potentially increase costs due to mistakes and rework.
Reducing the amount workers are paid is not feasible if they are already on minimum wage, as this would be illegal.
Laying off several workers could be the more effective route, aligning the workforce size with the current demand for work. This option is also supported by the adverse selection of wage cuts argument, which suggests that if wages are reduced across the board, the most skilled workers may leave, leaving the company with less capable staff.
Therefore, selecting several workers to be laid off (Option D) is likely the most effective option presented for reducing costs while maintaining the quality of work
It is the defining feature of our time. Bringing distant markets and people across the world together is a huge change that affects everyone, whether they are peasants in India, students in London, or bankers in New York. —Mike Moore, director-general of the WTO What movement is being described in the above passage?
Answer:
Globalization
Explanation:
Globalization originally referred to how multinationals started operating in different countries, but now it includes everyone. Globalization has changed the way the people around the world interact with each other, mainly due to the internet. Countries also interact differently with one another now, the world's economy is turning into one big global economy because trade is now much easier.
Learning arises from a four-way interaction between (1) consumers’__________; (2) __________ (might include marketing cues) to which they are exposed and attend; (3) consumers’ responses to the stimuli; and (4) the rewards or punishments (positive or negative reinforcements) resulting from their behavioral responses.
Answer: The correct answers are "motives" and "stimuli".
Explanation: Learning arises from a four-way interaction between (1) consumers’ motives; (2) stimuli (might include marketing cues) to which they are exposed and attend; (3) consumers’ responses to the stimuli; and (4) the rewards or punishments (positive or negative reinforcements) resulting from their behavioral responses.
When Yahoo! develops new online services, the company develops a version of the service and shows it to customers. It solicits immediate feedback and then revises the trial version of the product. This process is continued. In this case, Yahoo! is utilizing ______.
a. wireframing
b. rapid prototyping
c. concept testing
d. protocol development
e. swift idea generation
Answer:
Correct Option is B (Rapid Prototyping)
Explanation:
Correct Option is B (Rapid Prototyping)
Rapid Prototyping is a technique which is used to test a new technology or hypothesis by giving it to the customer. Customer then use the product and provide feedback. From the customer feedback, changes are made according to the requirement and the feedback provided by the customer.
The process described by Yahoo! when developing new online services is known as rapid prototyping, where the company continuously develops, presents, and refines its services based on immediate customer feedback.
Explanation:When Yahoo! develops new online services, the process described involves creating a version of the service, presenting it to customers for their feedback, and then making revisions based on that immediate feedback. This continuous process of development, feedback, and improvement is best described as b. rapid prototyping. Rapid prototyping is a method used in product and service development that involves quickly creating testable versions of the service or product, gathering feedback, and making iterative changes until the final version is reached.
Learn more about rapid prototyping here:https://brainly.com/question/30655140
#SPJ12
The federal organization to report unprofessional health care treatment is:__________
Answer:
The Office of Inspector General (OIG) for the United States Department of Health and Human Services (HHS)
Explanation:
The OIG is responsible for preventing and detecting fraud, waste, abuse, and mismanagement in more than 300 federal health programs run by the Health and Human Services (HHS), e.g. Medicare, FDA, CDC, National Health Institutes, etc.
ArmiLiza, a popular United States-based brand of handbags, has built a second factory in Mexico. The majority of the new factory’s employees are Mexican citizens or Honduran immigrants. On which country’s gross domestic product will the second factory’s goods be counted?
a. Honduras
b. the United State
c. They will be split among all three countries
d. They will be split between the United States and Mexico
e. Mexico
Final answer:
The goods produced by ArmiLiza's new factory in Mexico will be counted towards Mexico's GDP because GDP is based on geographic location of production. The correct answer is (e).
Explanation:
The question at hand involves understanding which country's gross domestic product (GDP) will count the goods produced by ArmiLiza's new factory in Mexico.
GDP is an economic measure that represents the total dollar value of all goods and services produced over a specific time period within a nation's borders.
Since the second factory is located in Mexico and operated there, the goods produced by this factory will count towards Mexico's GDP.
This is because GDP calculations are based on geographical boundaries, not the nationality of the workers or the location of the company's headquarters.
To illustrate with an example that mirrors the principles of production and labor allocation, consider a scenario where both the United States and Mexico have 40 workers each.
If the 40 United States workers are assigned to manufacture shoes and it takes four workers to make 1,000 shoes, they would collectively produce a total of 10,000 shoes.
If these same workers were making refrigerators, with each worker able to produce 1,000 refrigerators, the total production would be 40,000 refrigerators.
However, in both examples, the products' contribution to GDP would be based on where the production takes place, not the location of the company's headquarters or the origin of the workers.
When adding fields to a form, press Ctrl+F8 to show or hide the Field List.
a. True
b. False
Answer:
False
Explanation:
To show or hide the field list, when adding fields to a form, press 'ALT+F8'.
The Classical Theory is based on the assumption that an economy has ______________ or, if nudged away, quickly returns to that condition.a. inflationb. stagflationc. full employmentd. none of the above
Answer:
c. full employment
Explanation:
The classical theory states that the existence of full employment is normal in economy.To classical economists, the diversion of economy from full employment is something abnormal. Classical theory states that unemployment is caused in economy due to involvement of trade union legislation and minimum wage legislation in free market system.
So the answer is c. full employment
Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is the effect of this transaction on the accounting equation
Answer:
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
Explanation:
The Accounting equation for any entity is represented by the following equation:
Assets= Equity + Liability
When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.
In this case, Fitch supply services shall
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
The Institute for Real Estate Management (IREM) was created as a subsidiary group of ___.
Answer:
the National Association of Realtors.
Explanation:
The Institute of Real Estate Management of the National Association of Realtors was founded in 1933, in Chicago. The IREM's goal is to set the standard for best practices in real estate management. The IREM currently has 19,000 individual members and 580 corporate members.
All of the following are EXCLUDED from the definition of an investment adviser under the Investment Advisers Act of 1940 EXCEPT:A. teachersB. engineersC. lawyersD. actuaries
Answer: D. Actuaries
Explanation: According to the investment advisers act of 1940, an investment adviser is any individual who is involved in the business of providing guidance to others with regards to investments and securities for a compensation. It is important that a person must meet the whole definition in order to be regarded as an investment adviser.
There are however, various exclusions to this definition. These people may coincidentally comply with the definition of an investment adviser, but are by law not an investment adviser. These include teachers, engineers, lawyers and accountants. Giving advice on investments are incidental to their profession and so this does not qualify them as investment adviser.
All listed professions (teachers, engineers, lawyers, and actuaries) are excluded from the definition of an investment adviser under the Investment Advisers Act of 1940, as long as the investment advice they provide is incidental to their primary professional duty. Option A, B ,C and D are correct .
Under the Investment Advisers Act of 1940, certain professionals are excluded from the definition of an investment adviser because their investment advice is incidental to their professional practice. This exclusion typically applies to professions such as teachers, engineers, bankers, and actuaries, when they offer advice that is a byproduct of their primary professional activity.
Lawyers also fall under this exemption, as long as their advice is incidental to the legal services they provide. The correct answer is that all listed options (teachers, engineers, lawyers, actuaries) are excluded from the definition of an investment adviser under the act, with the key point being that the investment advice must be incidental to their primary practice.
In the context of this question, if any professionals are exclusively providing investment advice, and it is not just incidental to their other professional services, they would not be excluded under the Act.
Which of the following is NOT a reason why individuals may be tempted to buy a franchise business rather than develop their own independent business?a. the individual can try his or her own personal innovative product and service ideas inthe businessb. to obtain a well-known product or service namec. management training requirementsd. the business’s established imagee.existence of product uniformity standards
Answer:
A) the individual can try his or her own personal innovative product and service ideas in the business
Explanation:
When someone buys a franchise, they obtain a well known product or service which has to be uniform throughout all the existing franchises. Therefore an individual franchise cannot start to offer their own products or services, e.g. all Burger King restaurants should offer the same menu or at least the same regional menus. When you buy a franchise, you are buying an established business concept.
Final answer:
Individuals are not tempted to buy a franchise to test personal innovative ideas because franchises demand consistency and adherence to their proven models which is option e.
Explanation:
The reason that is NOT a motive for an individual to buy a franchise business rather than develop their own independent business is: that the individual can try his or her own personal innovative product and service ideas in the business. This is because franchises typically require adherence to established business models, including product uniformity and operational procedures. The main reasons individuals may be drawn to buying a franchise include obtaining a well-known product or service name, receiving management training, taking advantage of an established business image, and adhering to the existence of product uniformity standards.
What is a subset of potential customers that are perceived to have common needs and interests?
Answer:
Market segment
Explanation:
Market segment is the way toward isolating a market of potential clients into gatherings, or fragments, in view of various attributes. The sections made are made out of buyers who will react also to showcasing methodologies and who share attributes, for example, comparative interests, needs, or area.
Market incorporate interests, way of life, age, gender
A subset of brands from a particular product category that becomes the focal point of a consumer's evaluation is an:_________
a. evaluative set.
b. consideration set.
c. brand focus.
Answer:
b. consideration set.
Explanation:
Consideration set by definition "is the subset of brands that consumers evaluate when making a purchase decision. Usually consumer has a limited information processing abilities and limits the comparison to a subset of brands that is termed as consideration set".
Evaluative criteria or set occurs "when a customer selects a different product, than the one they originally had in mind, by some resons like quality, price etc".
Brand Focus "is dedicated to provide our Clients with result-oriented advertising. We support our Clients to reach and compete in the global market".
And as we can see the definition that adjust to this problem is consideration subset since the consumers needs to evaluate that a given product is useful and they decide to buy and use the product.
Sally Mitchell works as a manager at an environmental organization. She is currently working on a global warming project and decides what tasks related to creating awareness about the issue need to be done. In addition, she is also deciding which members of her team will work on engaging with the public and which will work on lobbying with the government. She is also assigning people as team members to ensure that tasks are undertaken on time. Which of the following categories of functions is Mitchell undertaking?A) planningB) organizingC) scrutinizingD) controllingE) envisioning
Answer: B) Organizing
Explanation: Organizing in a business aspect means making preparations for an activity or an event. It involves delegating authority, grouping duties into different sections, assigning duties, and assigning resources to various parts of the organization. Sally Mitchell is engaging in all these aspects in the case study.
Other definitions that don't apply here are explained below.
A) Planning - INCORRECT. Planning is the first step towards creating an event or activity. It is the process of brainstorming and thinking about what is needed to achieve a goal.
C) Scrutinizing - INCORRECT. Scrutinizing means thoroughly evaluating or inspecting something.
D) Controlling - INCORRECT. This is a function done by management that involves comparing set standards to actual standards to confirm that tasks have been performed in accordance with the plans set.
E) Envisioning - INCORRECT. This means to visualize a possibility that can occur in the future.
Parker Pharmaceuticals is a corporation that employs over 400 workers. As the firm continues to grow, the need for discipline among employees has become more critical. The HR department and top executives are planning to revamp the disciplinary action process that is currently in place at Parker. Which of the following best supports a decision to use the progressive disciplinary action approach? A) Major violations and terminations rarely occur at Parker.B) Parker wants an informal procedure for disciplining employees.C) Managers at Parker have been inconsistent with disciplining employees. D) Chronic tardiness is the primary disciplinary issue among Parker employees
Answer:
The following best supports a decision to use the progressive disciplinary action approach:
B) Parker wants an informal procedure for disciplining employees.
Explanation:
A disciplinary procedure is the way your employer deals with discipline when they believe that your conduct or performance is not up to the expected standard. Disciplinary procedures may involve something as simple as an informal chat, and escalate to involve letters, meetings and appeals
Informal disciplinary actions include: oral or written admonishments; letters of counseling, caution, instruction or warning, as well as letters of requirement.
These are the steps of progressive discipline actions:
Step 1: Verbal Counseling(s) A verbal counseling is generally the first step of progressive discipline.
Step 2: Written Warning(s) A written warning is generally the second step of progressive discipline.
Step 3: Performance Improvement Plan (PIP).
Step 4: Termination of Employment.
In most cases, it is far better for the employer to resolve issues informally wherever possible. Depending on what the issue is, it may be appropriate to have an informal chat or verbal warning with someone rather than going through the process of issuing a formal warning.
The purpose of an informal meeting is to discuss issues which would not have an appropriate place in a formal meeting. They may be designed to make one of the participants feel more at ease and more free to speak their mind than they would in a more formal setting.
A group is working on a development project at an organization under the guidance of their team leader. Based on accumulated facts, the group had been asked to evaluate a circumstance. Thereafter, the group realized it was time to settle and move forward. What step of group decision-making does this scenario describe?
a. dentify and clarify the goals of the decision
b. Analyze the decision to be made
c. Identify multiple options for the decision
d. Evaluate the positive and negative consequences of alternative decisions rationally
Answer:
b. Analyze the decision to be made
Explanation:
Based on the information provided within the question it can be said that the step of group decision-making being described is to Analyze the decision to be made. This is mainly being stated by them being asked to "evaluate a circumstance" meaning that a decision has already been decided and they need to analyze that decision to make sure it is exactly what they want.
The management of Raleigh Bicycles observes that the company's selling costs are affected by the increased number of visits that salespeople make to meet dealers. The company decides to reduce its personal selling costs by making sales calls to dealers via telephone. This marketing strategy used by Raleigh is an example of ________.
Answer: Outbound Telemarketing
Explanation: Here, Outbound Telemarketing is being used by the management of Raleigh Bicycles. Outbound Telemarketing is the process of advertising the products through cold calling the present or prospective customers in order to attract them to buy the given products that the company wishes to sell.
When a periodic inventory system is used, a. only revenue is recorded each time a sale is made. b. only the reduction of inventory is recorded each time a sale is made. c. only the cost of goods sold is recorded each time a sale is made. d. None of these choices are correct.
Answer:
Answer is option a.
Explanation:
A periodic inventory system is used to measure the level of inventory and the cost of goods sold.
The reduction of inventory is recorded on both the Periodic and Perpetual Inventory System each time a sale is made. Also, the cost of goods sold is only recorded each time a sale is made in a Perpetual Inventory System.
Without the knowledge of available inventory as well as the inventory that is being sold, it is not possible to calculate the cost of goods sold. Also as these calculations are done manually, therefore, the periodic inventory is calculated either quarterly, half-yearly or annually, and not each time the sale is made. Hence, the correct option is option a.
Using a periodic inventory system means that inventory records and associated costs are only updated at the end of an accounting period, not with each individual sale.
Explanation:When a periodic inventory system is used, none of the choices provided are actually correct. A periodic inventory system involves updating the inventory records for merchandise purchases, sales, and returns only at the end of an accounting period. Therefore, the costs associated with the inventory are not recorded at the time each individual sale is made. Instead, under the periodic system, when a sale occurs, only the revenue is recorded. The cost of goods sold (COGS) is calculated at the end of the period by doing a physical inventory count, which adjusts the Inventory account and records the COGS in one lump sum adjustment.
Learn more about Periodic Inventory System here:https://brainly.com/question/30778152
#SPJ6
A registered investment advisor who is also a stockbroker decides to join a particular religious sect in order to sell securities to members of this particular religious sect in the community, his behavior:
[A] is unlawful under the Investment Advisors Act of 1940
[B] is unlawful under the Securities Act of 1933.
[C] is legal even though it is ethically questionable.
[D] may, at most, make the investment advisor subject to civil liability.
Answer:
[C] Is legal even though it is ethically questionable
Explanation:
Some actions and behaviours can be legal but unethical or ethically questionable. They are legal in the sense that no contractual laws or pre-agreed contractual terms are broken when engaging in such actions. They may, however, be ethically questionable because they are do not conform to professional or moral conducts and societal norms.
The primary reason to join a religious sect should be a level of belief in the tenets of the sect, therefore, joining such with the singular motive of selling securities to its members is a behaviour that is not unlawful but is professionally, socially and morally questionable as a stockbroker and belonging to a religious sect.
Final answer:
An investment advisor joining a religious sect to sell securities is ethically questionable but not explicitly unlawful; they must maintain their fiduciary duties and comply with SEC regulations to avoid potential civil liability. The correct answer is [A] is unlawful under the Investment Advisors Act of 1940.
Explanation:
The behavior of a registered investment advisor who joins a religious sect to sell securities to its members is ethically questionable, but not necessarily unlawful based solely on the information provided. According to the Investment Advisers Act of 1940 and Securities Act of 1933, as well as the regulations set by the Securities and Exchange Commission (SEC), there is no direct provision that prohibits a stockbroker from joining a religious group for business purposes. However, the advisor must continue to adhere to fiduciary duties, ensuring that the client's best interests are placed above their own and avoiding any conflicts of interest or fraudulent activities. Unethical behavior, while it may not immediately result in legal consequences, could still lead to civil liability and regulatory scrutiny if it involves manipulation, deception, or exploitation of clients.
Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his engineers to speak up with their ideas for improving the company. Employees vote on their favorites and the winner takes home a cash prize. In this scenario, which of the following approaches does Oregano Systems utilize?
A. Top-down approach
B. Horizontal coordination approach
C. Bottom-up approach
D. Dual-core approach
Answer:
C) Bottom-up approach
Explanation:
The bottom-up approach refers to a management style where employee feedback is very valuable. Employees are generally invited to participate in the decision making or goal setting processes. The communication flows from the bottom of the organization to upper management levels.
In this case Hill, organizes an internal contest in order to get new business ideas.
The Dells Cargo bank was rocked by scandal with the discovery of one million phony accounts created by employees to hit sales targets and receive bonus. After an investigation, what was discovered was the internal business ethics behavior standards were often brushed aside for profit and bonuses. What would you guess with most likely to be the main reason for ethics breaches of Dells Cargo?
A) Its various levels of management were responsible for misconduct and rule breaking setting an example for company employees
B) Its corporate system had few feedback loops to identify and report ethical inconsistence and problems
C) Its corporate code of ethics was not strict enough and was not included in employee training in a regular basis
D) Management never reprimanded employees who acted unethically
The likely to be the main reason for ethics breaches of Dell's Cargo is Its various levels of management were responsible for misconduct and rule-breaking setting an example for company employees. Thus the correct option is A.
What is Ethics?Ethics refers to moral values which guide an individual to take decisions based on the thought of being right or wrong, Being fair or unfair to reach any conclusion in any procedure.
In this case, Dell's Cargo bank was found in a Scandal by recording Of Phony accounts by their employees to reach to the sales target and receive incentives for the same.
The cause of this action taken by employees is a lack of business ethics standards by the management. The management was responsible for misconduct and rule-breaking setting as they did not pay attention to this.
Therefore, option A is appropriate.
Learn more about Ethics, here:
https://brainly.com/question/26273329
#SPJ2
According to Moore's data on how workers view their jobs, a. the higher the annual income, the more people get a sense of identity from their job. b. at lower annual incomes, few people get a sense of identity from their job.
Answer:
The correct answer is A) The higher the annual income, the more people get a sense of identity from their job.
Explanation:
Employees do not perceive their duties in the same way when they do so for a lower salary than they aspire to. This situation also affects motivation because they find as if they were giving away their time in exchange for a salary below normal.
Fill in the blanks with words that would best complete the passage.avoidance, contractual, abeyance, indemnification, principal, criminal, agent, constructive trustThe principal has several remedies available, including ___ for breach of fiduciary duties and ___ remedies if the agent engages in misrepresentation, negligence, deceit, libel, slander or trespass. Anything that the agent obtains by virtue of the agency relationship belongs to the ___ and will be considered held in ___ for the principal. If the agent breaches the agreement, the principal also has a right of ___. Finally, if the principal is sued for the agent’s negligent conduct, the principal can sue the agent for ___ .
Answer:
Constructive trust, contractual,
principal, constructive trust, avoidance,
indemnification
Explanation:
Constructive trust is a fair remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to a breach of fiduciary duty.
For misrepresentation, negligence, deceit, libel, slander or trespass by an agent contractual remedies may be applied such as; award of damages, restitution, or specific Performance.
The agency relationship is an arrangement in which one entity (the principal) legally appoints another (the agent) to act on its behalf, so anything that the agent obtains by virtue of the agency relationship belongs to the principal.
A constructive trust is imposed by a court If an agent breaches his or her fiduciary duty to the agent by retaining benefits or profits that belong to the principal. It would be Implied that the agent held the thing on the principal’s behalf.
Avoidance here implies that a principal can avoid or stay away from the contract.
Indemnification sometimes mandates an agent to indemnify (compensate, protect) the principal from the damages.
A new triage team is being brought onto Salesforce and needs to have separate case statuses. How can this requirement be met?1. Create a new field2. Add new values to the "Status" field3. Create a new Support Process4. Create a new record type
Answer:
The correct answer is number "3": Create a new Support Process.
Explanation:
Support processes have are meant to ensure the main processes of the company's operations will work. In Salesforce, they can be created by going to "Setup" and selecting "Support Processes". After clicking "New", we should rename the support process. Finally, we must tap the "Save" button so the changes are stored.
Antwon manages a sheet metal shop, and he constantly looks for classes for his employees to take, searches for online videos describing better fabricating methods he can share with his employees, and tries to promote from within the shop. Antwon is engaging in ______
Answer:
The answer is b) Developmental Consideration. And how does this development occurs? Through Learning. More specifically Self Learning. In addition we can describe Antwon as a Lifelong Learner as well.
Explanation:
As you can see, Antwon is not guided by any one. He is looking for new ways and new knowledge all by himself to improve and develop his business. Moreover, he wants to share this new knowledge with his employees and improve their performance as well.
we can see all the qualities and characteristics of a learner from him, Self Motivations, Curiosity, voluntary action taking and sharing.
Antwon is engaging in professional development by promoting learning and skill development in his sheet metal shop.
Explanation:The activity described in the question is the promotion of learning and skill development in the workplace, which is known as professional development. It is the process of acquiring new knowledge, skills, and competencies to enhance one's career and improve job performance. Antwon's actions align with the goal of professional development, as he actively seeks opportunities for his employees to learn and grow, both through formal classes and informal learning resources. By promoting from within the shop, Antwon also demonstrates a commitment to nurturing talent and providing opportunities for advancement.
Learn more about Professional development here:https://brainly.com/question/14653046
#SPJ3
By buying a ________ bond, investors will have an option to exchange their bond for shares of common stock in the company at a future date.A. preferredB. convertibleC. contingentD. discount
Answer: convertible bond
Explanation: As per the subject matter of business, a convertible bond or convertible debt is a kind of security that can be converted into a stipulated amount of specific stock shares in the issuing corporation or equivalent value money. This is a mixed security including features similar to equity and debt.
Convertible securities are most frequently issued by poor credit ranking businesses with heavy potential for the future. Convertible securities are sometimes considered debentures security, as businesses offer to give predetermined or changing interest rates for shareholder resources as they do in equity bonds.
Which of the following statements regarding the market growth stage of the product life cycle is false?A. Innovators still earn profits, but this stage is less profitable for them than the previous stage.B. It is during this stage that the company makes its biggest profits.C. Monopolistic competition is typical of this stage.D. The sales of the total industry rise fairly rapidly during this stage as more and more customers buy.E. Many competitors enter the market during this stage resulting in great product variety.
Option A , Innovators still earn profits, but this stage is less profitable for them than the previous stage.
Explanation:
The second phase in the product life cycle is the stage of growth, and this is a crucial stage for several manufacturers to achieve a market position, increase sales and improve profitability.
The period of growth is that in time the product will be accepted by consumers, business and the general public more and more. During this phase, the product or innovation is acknowledged on the market and sales are therefore beginning to rise.
The extent to which a product keeps moving from the start to the growth stage and the rapid increase in revenue can vary significantly from market to another.
A company accounts for its inventory using the first-in, first-out (FIFO) method. The following information pertains to the inventory at the end of the fiscal year:
Historical cost $150,000
Current replacement cost 120,000
Net realizable value (NRV) 125,000
Normal profit margin 15,000
Fair value 140,000
What amount should the company report as inventory on its year-end balance sheet?
Answer:
$125,000
Explanation:
Inventory is initially recognized at cost which includes the purchase price and all cost elements directly attributable to getting the inventory item to it's place of use.
However inventory is subsequently carried at the lower of cost or net realizable value.
In light of this and the information given, Historical cost $150,000 while Net realizable value (NRV) 125,000. Since the Net realizable value (NRV) 125,000 is lower than the Historical cost $150,000 , inventory is recognized at the NRV of $125,000.
Large aircraft producers such as the Boeing Company normally use: Select one: a. Job order costing. b. Process costing. c. Mixed costing. d. Full costing. e. Simple costing.
Answer: Job order costing
Explanation:
The costing of work orders or job costing refers to the method for distributing and collecting production costs to a specific production unit. The costing method for job orders is implemented when the different items generated vary significantly from one another and each one has a substantial cost.
The job cost documents also perform as the conglomerate ledger for the expense of the job-in-process stock, the stock of finished products, and the charge of selling products to the supplier. Because there is a considerable difference in the produced goods, a separate department order cost report for each individual item is required for the job order pricing system.
Large aircraft producers such as the Boeing Company typically use a. job order costing for their manufacturing process.
Explanation:Job order costing is a cost accounting system used by businesses to allocate production costs to specific custom-made or unique products or services. It involves tracking the costs associated with each individual job or project, such as materials, labor, and overhead, to determine the total cost of producing a specific unit or batch of products. This method is commonly used in industries where products or services are customized to meet unique customer requirements, such as construction, printing, and custom manufacturing.
Job order costing provides detailed cost information for each job, aiding in pricing decisions and financial analysis. The large aircraft producers such as the Boeing Company typically use job order costing for their manufacturing process. Job order costing involves allocating the costs of materials, labor, and overhead to specific products or batches of products. This method allows for accurate tracking of costs for each individual order or product, which is important for large and complex projects like aircraft manufacturing.
Learn more about Job order costing here:https://brainly.com/question/34886054
#SPJ6