To increase sales by giving customers more buying power with the credit. It also gives customers more options.
Herman company has three products in its ending inventory. specific per unit data at the end of the year for each of the products are as follows: product 1 product 2 product 3 cost $ 20 $ 90 $ 50 selling price 40 120 70 costs to sell 6 40 10 required: what unit values should herman use for each of its products when applying the lower of cost or net realizable value (lcnrv) rule to ending inventory?
The inventory values are $20, $90 and $50.
Under the principle of lower of cost or net realizable value, the value of inventory is kept at cost and gain is not recognized until the inventory actually sells. The cost of the products is $20, $90 and $50, which is the inventory value to use.
A ____ is a graph of decisions and their possible consequences.
decision structure
corporate hierarchy
resolution graph
decision-result assessment
decision tree
decision tree
Explanation :
A decision tree is a graph of decisions and their possible consequences; it is used to create a plan to reach a goal. Decision trees are used to aid in making decisions.
A decision tree is a graph of decisions and their possible consequences, which is often used in decision analysis to help identify the best strategy to reach a goal. It visually maps out choices, possible outcomes, and decision-making conditions. This tool can assist in making more data-based and rational decisions.
Explanation:A decision tree is a graph of decisions and their possible consequences. This tool is commonly used in operations research, specifically in decision analysis, to help identify a strategy that most likely leads to a goal. It visually represents choices, possible outcomes, and decision-making conditions or uncertainty. A decision tree begins with a decision node, where a choice is to be made, and expands with branches, each representing a possible decision, outcome, or event.
For example, suppose a business wants to decide whether to launch a new product. A decision tree might start with a node asking if the market is favorable or unfavorable. Depending on the market conditions, there could be different paths showing various scenarios, like high sales or low sales. Each path has an estimated probability and expected financial return. By comparing different options, the business can make a more rational and data-based decision.
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to fully appreciate what an effective marketing concept means to the firm, the marketer must first understand that _______________ is the major focus of the marketing concept. this in turn should enable the firm to _______________. ultimately, this all leads to _________________.
customer satisfaction; earn long-term profits; increased shareholder value
Ingredient lists on gum packages remain somewhat vague, even though these labels fall under federal regulations, because the manufacturers feel their ingredient lists are _[blank]_.
trade secrets
too lengthy for the gum packaging
made up of only one ingredient - sugar
unnecessary because gum is not considered a food
Answer:
trade secrets
Ingredient lists on gum packages are vague because manufacturers consider them a) trade secrets to maintain a competitive edge. While federal regulations require all ingredients to be listed, precise formulas may be protected. Consumers can reference the nutrition facts label and ingredients list for detailed product contents.
The reason why ingredient lists on gum packages remain somewhat vague is that manufacturers consider them to be a) trade secrets. Companies may feel that disclosing the full recipe or formulation may give competitors an unfair advantage or dilute the uniqueness of their product. Federal regulations, including the Nutrition and Labeling Act of 1990, dictate that all packaged foods must list ingredients in descending order by weight and include any known allergens. However, certain proprietary components may be grouped under generic labels to protect the company's specific formula.
The nutrition facts label on packaged food helps consumers make informed choices by listing the nutrients per serving, as well as the ingredients list which is ordered by quantity from greatest to least. Some products may prominently feature marketing claims on the front of the package, such as "sugar-free" or "high fiber," but it is the ingredients list and nutrition facts that provide the factual content of the product.
By examining the ingredients list, consumers can identify the relative amount of each component, like sugars or refined grains, which might make the product less healthy than the marketing suggests. It's also crucial to identify the presence of potential allergens, which are mandatory to list, as they are essential for the safety of individuals with food allergies.
According to the multiple levels of analysis anchor:
a. organizational behavior is mainly the study of how all levels of the organizational hierarchy interact with the external environment.
b. ob topics typically relate to the individual, team and organizational levels of analysis.
c. there are eight levels of analysis that scholars should recognize when conducting ob research.
d. organizational events can be studied from only one level of analysis.
e. our understanding of organizational behavior increases with the level of mathematical analysis applied to create the models.
According to the multiple levels of analysis anchor topics typically relate to the individual, team and organizational levels of analysis. The correct option is b.
An organizational level is a layer in an hierarchical sequence that represents your company's structure. For example, if your company has branch offices in multiple cities and states, the city organisational level would be lower than the state organisational level. In Ajera, organisational levels provide a structure for setting up and maintaining reporting entities at numerous levels.
We can easily build reporting entities without organisational levels if your corporation structure has only one layer. Simply said, form a group.
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Which factor sets the ceiling on setting a product's price?
Customer's perceptions set the price ceiling - if they see the price as too high they won't buy it, demand will fall, and so will the equilibrium price. Their perception on the fairness of the price will affect how high the price can go before losing sales.
The market demand sets the ceiling on the setting of a product's price. This is due to the fact that companies cannot charge more than what consumers are willing and able to pay. a decrease in sales could occur if a product is priced too high.
Explanation:The factor that sets the ceiling on setting a product's price is typically the market demand. A company cannot set a price higher than what consumers are willing and able to pay.
If a company does set a price too high, demand for the product could potentially decrease, leading to a decrease in sales.
When deciding on a price for a product, companies must consider the perceived value of their product, the price sensitivity of their target market, and the prices of competing products.
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When lisa and loretta santiago ran away from home a second time, frank haines made temporary arrangements for them to receive care from
a. relatives of their step-mother
b. a residential treatment center for emotionally disturbed youth
c. a group home
d. the child protective services uni?
D. The child protective service unit.
In this case study, the arrangements were made through CPS because the children had been absent from school for years and then ran away from home.
The question entails where Lisa and Loretta Santiago were sent when they left home and Frank Haines became involved. However, without additional context or a source reference, it's impossible to give a definitive answer. It could involve relatives, a residential treatment center, group homes, or the Child Protective services.
Explanation:Unfortunately, your question lacks specific details about Lisa and Loretta Santiago's situation and Frank Haines' role as it refers to a narrative or story that isn't universally known. These characters and the scenario could come from a novel, a movie, a case study in social work, or any number of sources. Based on the options provided, it assumes where the Santiago sisters were sent after running away from home. However, we can't definitively answer without knowing the source. Generally speaking in such scenarios, temporary arrangements could be made with relatives, residential treatment centers for emotionally disturbed youth, group homes, or the Child Protective Services unit, but the specific answer will be given in the context or source.
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Tom and nancy boyle were surprised to learn that some of their valuable personal property-a gun collection, jewelry, a mink coat, and sterling silverware-was subject to internal limits under their homeowners policy. what separate insurance policy can the boyles purchase to obtain the desired coverage on this personal property
A personal articles floater is used insure more valuable property like this. It goes beyound the limitations of a homeowner's policy.
When the director/manager allows employees to guide themselves toward the goal, then a(n) _______ leadership style is being used?
Laissez-faire or free reign management style, which is a "hands off" approach where the manager sets the goals and employees are responsible and work toward them themselves.
Final answer:
A laissez-faire leadership style is used when a manager allows employees to self-manage and make their own decisions, suitable for motivated and mature teams that understand their goals and guidelines.
Explanation:
When the director or manager adopts an approach of minimal intervention, allowing employees to self-direct and make decisions autonomously in pursuit of the organization's objectives, a laissez-faire leadership style is being utilized. This type of leadership is characterized by a hands-off attitude where the leader entrusts employees with the freedom to guide their own actions. A laissez-faire leader believes that employees are capable of self-management, particularly when they are motivated and mature, with a good understanding of the goals and guidelines. However, this leadership style also carries the risk of group dissolution and stalled progress if the team lacks direction or motivation.
Understanding the context and the characteristics of the employees is crucial for this leadership style to be effective. Awareness of when to employ a laissez-faire approach can make a significant contribution to an organization's success, aligning with the principles of Theory Y, which posits that employees are naturally diligent and seek engagement and satisfaction in their work.
Keeping long-term customers is more beneficial than continually acquiring new customers because:
A _______, or duty, is money colonists paid for goods purchased from other countries
A duty is a type of tax.
Consider the modern day examples of "duty free" shopping available in places like airports and certain tourist locations where people can purchase luxury goods without owing a tax to any country or locality.
radox, a luxury watch brand, identifies a market segment that is willing to pay premium prices for its watches, and radox managers select an ideal selling price. managers then determine the costs to create watches that meet the ideal selling price. the company's pricing approach is referred to as ________.
This is an example of target costing. With target costing companies produce products that fit their goals in certain market conditions. In this case they wanted to fit the ideal price.
Final answer:
The pricing method in question, where a luxury brand selects an ideal selling price and works backwards to determine the cost, is known as target costing. It involves taking into account market segment, consumer price sensitivities, elasticity of demand, and brand equity to set profitable and market-clearing prices.
Explanation:
The pricing approach described is referred to as target costing. Target costing involves identifying a market segment that is willing to pay a premium for a product and then selecting an ideal selling price. After deciding on the ideal price point, managers work backwards to determine the costs to create the product at a level that meets this selling price, particularly for a luxury brand like Radox. As they calculate these costs, managers must consider both the direct and indirect expenses associated with production, like material costs, labor, and market research.
Managers within companies such as Radox should utilize market research to understand consumers' price sensitivities and potentially estimate the elasticity of demand for their watches. This sensitivity information helps to guide them when setting the prices, and they may use rules of thumb or standard markups to inform their pricing strategy. The price is often set to balance the twin necessities of covering costs and maximizing profit, which can sometimes be tied to the concept of Ramsey pricing, where markup over marginal cost is proportional to the inverse of the elasticity of demand.
Furthermore, the brand equity plays a significant role in pricing, especially for luxury goods. With high brand equity, firms like Radox can charge premium prices. But to maintain that position, brand equity needs support through advertising and product quality, as it depreciates over time.
In the extreme programming environment,__________allows programmers to detect and correct programming mistakes as they go, which is faster than correcting them after an entire program has been written.
pair programming allows
Competitors that begin to see the success of a new product or product category typically ______.
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What is an economic system where the government controls the major means of production but property and other businesses may be privately owned?
Socialism is the economic system where the government has a lot of power and controls the resources and means of production but some things can still be privately owned.
A socialist economy is an economic system where the government controls the major means of production but property and other businesses may be privately owned.
A communism economy is where the government controls all aspects of production and how resources should be used and what services will be provided. A capitalist economy is where there is little interaction from the government controlling production and property but that the business itself can determine their production levels. A socialist economy is the mixture of the two systems and allows more freedom for privately owned businesses.
You write a reminder post-it and stick it on the door where you see it every day. a month later, you forget your appointment because of the tendency to ignore constant stimuli, which is known as _____.
habituation; "the diminishing of a physiological or emotional response to a frequently repeated stimulus."
Final answer:
Forgetting an appointment because the reminder becomes a constant, ignored stimulus is referred to as inattentional blindness. It's when we fail to notice visible things due to lack of attention and is related to the concept of absentmindedness, which also involves attention lapses.
Explanation:
The phenomenon where you forget an appointment because you're so used to seeing the reminder and start ignoring it is known as inattentional blindness. This occurs when something is fully visible but fails to enter our consciousness because our attention is directed elsewhere. It's similar to absentmindedness, which refers to lapses in memory due to breaks in attention.
Our brain often relies on routines and when something becomes too familiar, like the post-it on the door, we may not process the information as thoroughly as we did at first. This can be explained by the Ebbinghaus forgetting curve, which depicts how the ability to recall information decreases over time. Writing notes for future reference is a good strategy to counteract forgetfulness, but it's also important to vary the method of reminder to avoid inattentional blindness.
After company x enters into a contract with company y, it advises company y of its intent to not honor its contractual obligations. what can company x be sued for?
Anticipatory repudiation/anticipatory breach
This means that company Y anticipates that company X does not intend to to honor the contract based on what they were told. Even if the breach hasn't occurred yet, company Y can begin the lawsuit/recovery process because of the anticipation of loss.
A popular variation of the accounts receivable turnover is the
a. credit risk ratio.b. concentration of credit risk.c. bad debts ratio.d. average collection period.
A popular variation of the accounts receivable turnover is the D. average collection period.
The average collection period divides the number of days in the period by the metric with the accounts receivable turnover. This is the period where a company allows a certain amount of days between a customer being invoiced and when the invoice is actually due.
Accounts Receivable Turnover ratio and Concentration ratio are key financial metrics used in business to evaluate efficiency and competitiveness. Bad debt ratio reflects credit risk management.
Accounts Receivable Turnover is a financial ratio that measures how efficiently a company manages its credit sales by comparing its average accounts receivable to its net credit sales over a certain period.
Concentration ratio is a measure used in economics to assess the level of market share held by a specified number of firms in an industry, indicating the industry's competitiveness.
Bad debt ratio is another ratio that reflects the proportion of a company's credit sales that result in bad debts, providing insights into the company's credit risk management.
When an industrial plant was closed because of a merger, employees were forced to move to another plant and take substantial pay cuts. in this scenario, managers should demonstrate _____ when the affected employees describe the forced changes in their lifestyles?
Managers should demonstrate empathatic listening. Employees need a voice so listening is vital. Especially in times that are chaotic.
Logical-mathematical intelligence refers to skills: in problem solving and scientific thinking. in using the whole body or various portions of it in the solution of problems or in the construction of products or displays. involved in the ability to identify patterns in nature. involved in the production and use of language.
Logical-mathematical skills are used in problem solving and scientific thinking.
The pattersons bought their tv from a store with a thirty-day return policy, and the stevensons bought the same tv from a different store with a policy that "all sales are final!" based on what the text reports about cognitive dissonance, which family is more likely to be satisfied with their tv
Cognitive dissonance theory suggests that the Pattersons, with the option to return the TV within thirty days, would be more psychologically satisfied than the Stevensons, who are unable to return their TV.
Explanation:Based on the theory of cognitive dissonance, which posits that individuals strive for consistency in their beliefs, attitudes, and behaviors, it is likely that the Pattersons would be more satisfied with their TV. This is because the return policy provides a psychological safety net that can reduce potential dissatisfaction or regret. On the contrary, the Stevensons, who bought the TV with a 'all sales are final' policy, may experience more cognitive dissonance - the mental discomfort when one's actions contradict their beliefs or values, particularly if they end up being dissatisfied with the product but can do nothing about it.
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Parole violators account for more than half of prison admissions in many states.
a. True
b. False
This is true Parole violators account for more than half of prison admissions in many states Parole is a popular sentencing option.
A sense of invulnerability is one of the symptoms of “groupthink.”
True
False
I think the answer to this question is true
A paleontologist finds a new tyrannosaur in a site she is excavating, and wishes to date the fossil. What is the most likely method she will use? A paleontologist finds a new tyrannosaur in a site she is excavating, and wishes to date the fossil. What is the most likely method she will use? She will measure the amount of the radioisotope uranium-238 in the stratum where she found the tyrannosaur. She will determine the fossil’s age by measuring the ratio of carbon-14 to carbon-12 in the fossil. She will infer the age of the fossil by dating layers of volcanic rock above and below the stratum containing the fossil.
The paleontologist will likely use relative dating by analyzing layers of volcanic rock to determine the age of the tyrannosaur fossil.
The most likely method the paleontologist will use to date the new tyrannosaur fossil is to infer the age of the fossil by dating layers of volcanic rock above and below the stratum containing the fossil. This method is called relative dating, and it involves determining the age of the fossil by comparing it to the age of the surrounding rock layers.
By analyzing the different layers of volcanic rock, the paleontologist can estimate the time period in which the tyrannosaur lived.
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A paleontologist may use radiometric dating with uranium-238, carbon dating with carbon-14, or infer the fossil's age by dating layers of volcanic rock situated above and below the fossil layer.
Explanation:When a paleontologist finds a new fossil, like a tyrannosaur, and wants to determine its age, there are several approaches she may use. The method chosen will largely depend on the context and conditions of the excavation site. One common method is radiometric dating using isotopes found in rocks and fossils, such as uranium-238. The paleontologist can use this method to date the stratum or layer where the fossil was found.
Additionally, carbon dating could also be utilized. This involves measuring the ratio of carbon-14 to carbon-12 in the fossil. However, this method is generally less accurate for dating fossils millions of years old, due to the half-life of carbon-14.
Finally, she may also use the dating of layers of volcanic rock above and below the fossil stratum to infer the age of the fossil, based on the principle of superposition. This asserts that younger layers of rock are deposited on top of older ones, and can provide an estimate based on the ages of these layers.
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Infants are born at least several weeks before their due date, while __________ infants are below the expected weight based upon the length of the pregnancy. small-for-date; preterm low-birth-weight; small-for-date preterm; small-for-date preterm; low-birth-weight
i think the answer is preterm
You examine the schedule for your favorite soccer team. the team plays 38 games each season. later you try recalling that schedule for your friend tom who likes the same team you do. chances are you will recall opponents at the beginning of the schedule particularly well. this is an example of the _____ effect.
Serial-position effect is the ability to recall items in the begining or the end of a list easier
A(n) __________ consists of independent firms at different levels of production and distribution joining together through contracts.
Do some internet research to identify examples of "tap & go" applications. what are some typical types of "tap & go" payment applications and what growth trends are expected? do you think that there are limits to the types of applications that "tap & go" payments can be used for? why or why not?
Tap & go turns a smart phone into a wallet. This technology allows vendors to accept credit cards in "contacless" way. Credit card companies and technology companies embrace this and it is expected to grow.
"Tap & go" payment applications are mobile payment applications that allow users to make contactless payments using their smartphones or other mobile devices.
What are some types of "Tap & go" payment applications?These applications use near-field communication (NFC) technology to allow users to make payments by tapping their devices on a payment terminal.
Some of the most popular "tap & go" payment applications include:
Apple PayG-o-o-g-l-e PaySamsung PayThe "tap & go" payment market is growing rapidly. This growth is being driven by a number of factors, including:
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If you were approached by a gang and asked to join, how would you handle the situation?
Joining a gang or crew can give you a sense of belonging and acceptance, but often being associated with one can lead to dangerous consequences. Here are some ways to explore alternatives to gang membership and how to safely “leave” a gang if you’re already involved. Some of these steps can take time, but with dedication and the support of your family, you can change your life.Young people who feel they are not respected by their peers, families or communities turn to gangs for the identity and respect that families normally provide. Youth who see themselves as “weak” or “powerless” may join gangs to become “stronger” and “protected.” Often these individuals suffer from a lack of support from their family and therefore seek support within the gangs.
Young people who crave excitement because gang members and the media often glamorize the gang life style.
Young people who cannot resist peer pressure may join because their friends are in gangs. They may feel pressured to join to be part of the a crowd
Calvin and Hobbes run a company that sells wallet chains and wallet decals. Calvin is faster at making decals than chains, and Hobbes is faster at making chains than decals. Which statements accurately describe the situation?
a. Company output will be maximized if Calvin makes all the decals and Hobbes makes all the chains. b. Calvin has a comparative advantage for making decals. c. Hobbes has a higher opportunity cost for making decals than Calvin.
d. Company output will be maximized if Calvin and Hobbes both divide their time equally between making decals and making chains
Correct statements: A, B, C
A. Company output will be maximized if Calvin makes all the decals and Hobbes makes all the chains.
If they each focus on the skill they are most efficient at, production will be higher.
B. Calvin has a comparative advantage for making decals.
A comparative advantage is being able to do an activity better or more efficiently than someone else. Calvin's comparative advantage is that he is faster than Hobbes at making decals.
C. Hobbes has a higher opportunity cost for making decals than Calvin.
Because Hobbes is more efficient at chains, he is giving up the opportunity to produce at maximum efficiency if he decides to make decals instead. The lost production is the opportunity cost.