Answer:
A. Average cycle inventory 500 units
Value of cycle inventory $55,000
B. Average pipeline inventory 456 units
Value of the pipeline inventory $36,480
Explanation:
a. Calculation to determine How many units of the part are held, on average, in cycle inventory
Calculation for Average cycle inventory
Average cycle inventory=1000/2
Average cycle inventory=500 units
Therefore the Average cycle inventory is 500 units
Calculation for Value of cycle inventory
Value of cycle inventory=(500 units) *($50+$60)
Value of cycle inventory=(500 units*$110)
Value of cycle inventory=$55,000
Therefore the Value of cycle inventory is $55,000
b. Calculation to determine Avarage Pipeline inventory and Value of the pipeline inventory
First step is to calculate the unit cost using this formula
Unit cost = Material + 50%of labor and variable overhead
Let plug in the formula
Unit cost=$50+(50%*$60)
Unit cost= $50 + $30
Unit cost= $80
Now let calculate the Average pipeline inventory
Average pipeline inventory = = [(3800 units/year)/(50wks/yr)] x (6 weeks)
Average pipeline inventory= 456 units
Therefore Average pipeline inventory is 456 units
Calculation to determine Value of the pipeline inventory
Value of the pipeline inventory = (456 units) x ($50+$30)
Value of the pipeline inventory=456 units×$80
Value of the pipeline inventory= $36,480
Therefore the Value of the pipeline inventory is $36,480
as a result of advertising, the products or services of large advertisers are perceived as unique or better than competitors' products. this is referred to as .
As a result of advertising, the products or services of large advertisers are perceived as unique or better than competitors' products. This is referred to as differentiation.
What does "product differentiation" entail?The process of differentiating a good or service from rivals to make it more appealing to a specific target market is known as product differentiation in economics and marketing. In order to do this, you must set it out from both products made by other companies and other offerings from the same company.
What is the significance of product differentiation?In the current financial scenario, product differentiation is crucial. It enables the seller to highlight the special features that make their product outstanding by comparing it to similar products on the market.
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in terms of innovation characteristics, a product is said to be compatible if question 31 options: 1) it provides greater value to the manufacturers than to the consumers. 2) the degree of social repercussions associated with it is high. 3) its benefits can be communicated easily. 4) it has a higher degree of complexity compared with its counterparts'. 5) it complies with the accepted behavior, values, and norms of the local market.
In terms of innovation characteristics, a product is said to be compatible if it complies with the accepted behavior, values, and norms of the local market.
Examples of product innovationsIt includes the use of biodegradable oil-based polymers in Lego's world-famous bricks. Innovation also occurred with the introduction of the first electric cars to the automotive industry and continues to occur with the development of new batteries with increased range.
What serves as the basis for innovation?The goal of innovation is to develop fresh concepts and tools that boost output, value, and productivity while using the same input. Innovation has been accountable for up to 85% of all economic growth, according to the aforementioned Stanford study.
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Shift in cost curves due to a relative change in input price Suppose a firm is initially producing 300 units of output at point B, where the purple line labeled Total Cost 1 lies tangent to the blue line labeled q = 300. Initially, the wage (w) is $10
A cost curve is a graphical representation of the relationship between the total cost of production and the quantity of product produced.
Where the purple line labeled Total Cost 1 lies tangent to the blue line labeled q = 300. Initially, the wage (w) is $10?
If the wage (w) increases by 20% to $12, the cost curves will shift to the right, as can be seen in Total Cost 2. This rightward shift results in a decrease in the quantity produced, as seen in q = 250. The new tangency point lies at point C.
This shift in cost curves is due to the relative change in input price (in this case, the wage). Because the wage increased by 20%, the cost of producing each unit of output increases as well. This increase in cost leads to a reduction in the quantity produced, as it is no longer cost effective to produce the same quantity as before.
The same logic applies in the opposite direction. If the wage decreases by 20%, the cost curves will shift to the left, resulting in an increase in the quantity produced.
What does Total cost mean?
The total cost of a purchase or project is the sum of all costs associated with it. This includes the cost of materials and labor, as well as any additional fees or taxes related to the purchase. Total cost can also refer to the total amount of money invested in a business venture or project, including all capital and operating costs incurred throughout the project's life cycle.
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Imagine that you are the supply chain manager for the Magic Widget company and you need to measure your supply chain performance. The chart shows the financial variables that you will need to perform your task.
Financial Variables
Total Assets (in $ billions) 13.6
Cost of Goods Sold (in $ billions) 15.2
Inventory: Raw Material Inventory (in $ billions) .69
Work-in-progress Inventory (in $ billions) .22
Finished Goods Inventory (in $ billions) . 79
Compute the percentage of assets committed to inventory and inventory turnover. Round your answers to the first decimal place.
The total assets committed to inventory is % and the inventory turnover for the firm is times.
12.5% of the assets are devoted to inventory.
8.9 times the inventory turnover rate.
What is the calculation?Inventory as a percentage of assets = total inventory / total assets × 100
= (0.69 + 0.22 + 0.79) / 13.6 × 100
= 12.5%
Inventory turnover = cost of sales / inventory
= 15.2 / (0.69 + 0.22 + 0.79)
= 8.9 times (rounded)
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. Because the turnover of an organization's inventory is one of the main sources of revenue generation and, consequently, profitability for the firm's shareholders, it is one of the most significant assets that a company has.
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All else constant, Utopia currently has less capital than Dystopia. If both countries increase their capital by 50 units, and other factors that determine potential output are unchanged, thenO output in Utopia increases by less than in Dystopia. O output in Utopia increases by more than in Dystopia.O output in Utopia can increase by more or less than in DystopiaO output in Utopia increases by the same amount as in Dystopia.
If both Utopia and Dystopia increase their capital by 50 units and other factors that determine potential output are unchanged, then C) output in Utopia can increase by more or less than in Dystopia.
The output that a particular country generates depends on the types of investments it makes and the ways in which the capital of the country is utilized to generate a revenue output.
In the case mentioned above, Utopia has less capital than Dystopia but if it increases its capital by 50 units, it might happen that this capital is used on such investments or business plans that might be able to generate an effective output as compared to that of Dystopia. Hence, if all other factors are kept constant, the output can either be more or less for Utopia based on the strategies that it implements.
The question will correctly be written as:
All else constant, Utopia currently has less capital than Dystopia. If both countries increase their capital by 50 units, and other factors that determine potential output are unchanged, then
A) output in Utopia increases by less than in Dystopia.
B) output in Utopia increases by more than in Dystopia.
C) output in Utopia can increase by more or less than in Dystopia.
D) output in Utopia increases by the same amount as in Dystopia.
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Discuss the concept of 'Price Determination'
Answer: Price determination is the interaction of the broad. forces of supply and demand which “determine” or. cause the market price level. Price discovery is the process of buyers and sellers.
Explanation:
Mr. michael bloomberg, the former mayor of new york city, is the billionaire founder of the company which is providing financial information through various media. bloomberg company is choosing the form of for their organizations.$ corporationLimited partnershipSole proprietorshipC corporation
The form of organization chosen by Bloomberg is limited partnership. When two or more partners form a limited partnership (LP), the limited partners are only responsible up to the amount of their investment.
A limited partnership (LP) is a type of partnership identical to a general partnership, except that a limited partnership must have at least one GP and at least one limited partner, whereas a general partnership must have at least two GPs. Limited partnerships are distinct from limited liability partnerships, which have limited responsibility for all partners. The GPs have the same legal status as partners in a traditional business in all key ways: they have management authority, share the right to utilize partnership property, split the firm's earnings in predetermined proportions, and have joint and several liability for the partnership's obligations.
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Which of the following principles should be followed by business organizations that desire to handle and process customer data in an ethical manner? A) The person or organization that provided the data owns the data and has the right to determine what is done with that data. B) The person or organization that holds another's data should delete any records on the request of the provider including any summarized information derived from the data. C) Companies hold data in trust for the provider and therefore must keep data secure from unauthorized disclosure. D) All of the above
The person or organization that holds another's data should delete any records on request of provider including any summarized information derived from data should be followed by business organizations that desire to handle and process customer data in ethical manner.
What is customer data?Customers' personal, behavioral, and demographic information is referred to as "customer data" or "consumer data" by marketing firms and departments who gather it from their clientele. Customers' privacy is infringed upon to some level by data gathering; therefore, precise restrictions on the kinds and quantities of data that may be gathered must be in place. In consumer analytics, the gathered data is processed. Insights into consumer behavior are thus the goal of data collecting, which will ultimately lead to profit maximization through customer base consolidation and growth. In the age of the internet, explicit online surveys are a popular way to gather client information. However, there are also covert techniques, such as tracking click-through and desertion rates. Customer information is obtained for market research, particularly for studies on customer satisfaction, with the goal of boosting total customer satisfaction.
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Savings Mart is a national retail chain. To entice the company to open a mega store in its jurisdiction, the city of Populationville donated a 20- acre tract of land to be used for construction. The land was originally purchased by the city for $268,000 three years ago. The appraisal value at the time of the donation was $318,000. For what amount should Savings Mart record the donated land? Multiple Choice
O $268,000
O $293,000
O $318,000.
O $0; Donated assets are not recorded.
Savings Mart should record the donated land as $0. The donated property is not registered in the donee's books. The land was donated by the city of Population ville to induce Savings Mart to open a large store in their jurisdiction, so there was no cost to Savings Mart to purchase the land.
The city paid $268,000 for the land three years ago, but the assessed value at the time of the donation was $318,000. Despite this, Savings Mart should not even record land as an amount on its books; instead, the asset should be recorded as a $0 donation. This is in accordance with Generally Accepted Accounting Principles (GAAP), which state that donated property should not be recorded on the recipient's books.
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TRUE OR FALSE the fed aggressively lowered interest rates in 2008 all the way down to nearly zero percent and kept those historically low rates for the following six years.
Interest rates were sharply cut by the Fed in 2008, reaching about zero percent, and they remained there. True.
What are the current interest rates?According to Bankrate's most recent survey of the biggest mortgage lenders in the US, the average 30-year fixed mortgage rate will be 6.600% with an APR of 6.610% on Thursday, December 15, 2022. With an APR of 6.030%, the typical 15-year fixed mortgage rate is 6.000%.
Why is interest right now so high?The Federal Reserve has started raising interest rates in an effort to calm down fast growing inflation. In light of these moves, many individuals are now perplexed as to why rate increases, which raise the cost of borrowing money, remain America's main tool for reducing costs.
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TRUE OR FALSE one of the important factors to consider in the selection of contract type is the degree of risk for the seller and the buyer that each type of contract presents.
The given statement ''one of the important factors to consider in the selection of contract type is the degree of risk for the seller and the buyer that each type of contract presents'' is true.
What is contract selection?The choice of a contract is made based on the scope's ambiguity, the distribution of risk, the requirement for predictable costs, and the significance of achieving deadlines. When the scope is well specified, the whole fixed cost is one price.Fixed-price and cost-reimbursement contracts with the federal government are the two primary categories that are most frequently used. Incentives, time-and-materials, labor-hour, indefinite delivery, and letter contracts are examples of other contract forms.Fixed-price agreements. When someone is certain of the scope of the task, this sort of contract is the best. This contract, sometimes referred to as a lump sum agreement, is the most effective technique to keep expenses down when you can foresee the scope.Learn more about contract refer to :
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bonnie purchased a camera (5-year property) for use in her sole proprietorship. the basis of the camera was $3,000. bonnie used the camera in her business 80 percent of the time and used it for personal purposes the rest of the time during the first year. ignoring bonus depreciation, calculate bonnie's depreciation expense during the first year assuming the sole proprietorship had a loss during the year. (use macrs t
Bonnie's depreciation expense during first year assuming sole proprietorship had loss during the year is $360.
What is sole proprietorship?There is no legal separation between the owner and the business entity in a sole proprietorship, which is also referred to as a sole tradership, individual entrepreneurship, or proprietorship. A sole proprietor may employ other persons in addition to working alone. The proprietor is the owner of all of the business's assets and is also responsible for all of its debts. Sole proprietors are permitted to use a trade name or company name other than their or the company's legal name. If their business name differs from their legal name, they may need to formally register a trademark for it; the procedure will depend on the nation in which they live.
Depreciation= $3,000 * 0.2 * 60% = $360.
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T/F the comparison of a purchase to expectations is thought to occur whether theitem purchased is comprised primarily of search, experience, or credencecharacteristics.
The statement is True. The Comparison of purchase to expectations is thought to occur whether the item purchased is comprised primarily of search, experience, or credence characteristics.
A business overall performance contrast Survey (or internal benchmarking) provides firms with the opportunity to examine their performance with comparable firms of their industry or institution; consisting of the better-appearing corporations. the act of comparing two or extra people or things: They made a comparison of different nations' ingesting habits. with the aid of/In assessment with the French, the British consume ways much less fish. You can not honestly draw a contrast between the two cases - they're absolutely distinct.
There are 3 types of viable comparisons: equal, comparative, and superlative. evaluation keys uniquely perceive every single row in a table or a view for both the source and target. whilst comparing information assets, facts compare for sq. The server uses a matching primary key or other unique identifiers in each statistics source because of the assessment key.
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a measure of the percentage of individuals who visit the landing page of an online retailer triggered by an email marketing campaign is the
The Conversion Rate is a metric used to describe the proportion of people who go to an online retailer's landing page after being directed there by an email marketing campaign and actually complete a purchase.
What exactly does the conversion rate in marketing mean?Conversion rate is the number of users who take the desired action as a percentage of all users. Conversion rate's archetypal example is the percentage of website visitors who actually make a purchase there.
The percentage of site visitors that took the action you requested is indicated by your landing page conversion rate.
What does conversion rate provide as a measure of?Calculated by the conversion rate is the percentage of site visitors who made a purchase as a result of their visit. The higher your conversion rate, the more effective your information will be. The term "conversion," as used in marketing, refers to the action that a user takes in response to a call to action.
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The salesperson who joins a real estate company as an independent contractor will probably have to pay for his own
The independent contractor salesperson who joins a real estate firm will likely be responsible for covering his own hospitalization insurance.
A person whose job it is to sell products or services within a defined territory, in a physical place, or over the phone is known as a salesman or saleswoman. The salesperson is in charge of greeting clients, pointing them in the direction of the goods they require, and totaling transactions. If you want to succeed in sales, you must have excellent communication skills. A successful salesperson meets their sales targets and treats customers politely and helpfully.A salesperson is sometimes known as a sales rep. The terms "salesman" and "saleswoman" are still regularly used, despite the terms "salesperson" and "sales rep" being frequently used in their place.
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The independent contractor salesperson who joins a real estate firm will likely be responsible for covering his own hospitalization insurance.
A person whose job it is to sell products or services within a defined territory, in a physical place, or over the phone is known as a salesman or saleswoman. The salesperson is in charge of greeting clients, pointing them in the direction of the goods they require, and totaling transactions. If you want to succeed in sales, you must have excellent communication skills. A successful salesperson meets their sales targets and treats customers politely and helpfully. A salesperson is sometimes known as a sales rep. The terms "salesman" and "saleswoman" are still regularly used, despite the terms "salesperson" and "sales rep" being frequently used in their place.
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If Zeta, a single producer, had exclusive control of a key resource needed to produce good Z , a likely result would be which of the following?
a) Good Z would be produced in a perfectly competitive market.
b) Slight differences in output would lead to good Z being in a monopolistically competitive market.
c) There would be a barrier to entry, and Zeta would have a monopoly on good Z.
d) Only a few firms would produce good Z, so there would be an oligopoly.
e) Zeta must have decreasing returns to scale and operate as a natural monopoly in producing good Z.
The correct option is E. There would be a barrier to entry, and Zeta would have a monopoly on good Z.
A monopoly is when one enterprise and its product dominate a whole industry wherein there is little to no opposition and customers should purchase that specific precise or provider from the only agency. An oligopoly is a small wide variety of corporations, rather than simply one, dominating an entire enterprise.
Without competition, monopolies can set fees and preserve pricing regular and reliable for customers. Monopolies revel in economies of scale, regularly able to produce mass portions at decreased prices consistent with units. standing by myself as a monopoly allows a business enterprise to safely invest in innovation without the worry of competition. without opposition, monopolies can set prices and preserve pricing consistent and reliable for purchasers. Monopolies revel in economies of scale, regularly able to produce mass portions at decreased costs per unit. status on my own as a monopoly lets an organization soundly spend money on innovation without the worry of competition.
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All of the following statements are true regarding an application by an insurer for a rate change EXCEPT
A. The application will be deemed approved 60 days after public notice unless the proposed adjustment exceeds 10% for personal lines or 25% for commercial lines.
B. The Commissioner will notify the public of any application by an insurer for a rate change.
C. The application will be deemed approved 60 days after public notice unless a consumer requests a hearing and the Commissioner grants the hearing.
D. The application will be deemed approved 60 days after public notice unless the Commissioner on his or her own motion determines to hold a hearing.
All of the following about an insurer's request for a rate change is accurate, with the exception that unless a customer asks for a hearing and the Commissioner permits it, the proposal will be presumed accepted 60 days after public notice. The right response in this case is option C.
An insurance company's request to alter the rates it charges for its insurance policies is referred to as an "application by an insurer for a rate modification." This might involve requests for premium increases, decreases, or other modifications to the policies terms and conditions.
For a number of reasons, insurance firms may submit applications for rate modifications. For instance, they can try to raise their rates if the price of providing coverage rises due to higher claim payments or changes in the price of medical treatment.
Additionally, they could try to modify their rates in reaction to shifting market dynamics like heightened competition or shifting client demand.
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Alison has an idea for improving the efficiency of her work area. When she approached herâsupervisor, she was asked to shepherd the idea through theâ approval, implementation, and evaluations processes. Alison has become aâ ________.
A.
change agent
B.
group leader
C.
supervisor
D.
job coach
She was asked by her supervisor to guide the proposal through the steps of approval, execution, and evaluation. Alison is now a catalyst for change.
Which of the following best describes the order in which the strategic management process should occur?Setting goals, conducting analysis, developing a plan, putting that strategy into action, and monitoring that approach are the five stages of the process.
Which two aspects of strategic management are there?adjusting the firm's limited resources in response to changes in the external environment in order to strengthen its position in the marketplace. The internal reactions to fresh action plans meant to improve the firm's competitive position make up the second dimension.
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the balance sheet of pina company at december 31, 2016, includes the following. notes receivable $81,000 accounts receivable $262,250 less: allowance for doubtful accounts 14,600 $247.650 - / 15 transactions in 2017 include the following. 1 accounts receivable of $191,000 were collected including accounts of $99,000 on which 1% sales discounts were allowed. $7,200 was received in payment of an account which was written off the books as worthless in 2016 3. customer accounts of $21,350 were written off during the year. at year-end, allowance for doubtful accounts was estimated to need a balance of $18,500. this estimate is based on an analysis of aged accounts receivable. prepare all journal entries necessary to reflect the transactions above.
The journal entries necessary to reflect the transactions
1. On January 1, 2017, Accounts Receivable was debited for $191,000 and Sales Discounts was credited for $990 (1% of $99,000).
2. On January 1, 2017, Bad Debt Expense was debited for $7,200 and Allowance for Doubtful Accounts was credited for $7,200.
3. On December 31, 2017, Bad Debt Expense was debited for $21,350 and Allowance for Doubtful Accounts was credited for $21,350.
4. On December 31, 2017, Allowance for Doubtful Accounts was debited for $18,500, and Accounts Receivable was credited for $18,500,
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manufacturers legally must:
aImagine how consumers might reasonably be expected to use or misuse their products b. May sometimes be expected to provide compensation resulting from even unreasonable misuse if that misuse becomes widespread . c. Both and b. . Neither a or b
Manufacturers legally must imagine how consumers might reasonably be expected to use or misuse their products and expect to provide compensation. Thus option C is correct.
Who is the manufacturer?A manufacturer is a human or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to consumers, wholesalers, marketers, stores, or other makers who can use them to make more complicated products.
The retailer's inaction despite learning about a dangerous flaw. According to tort law, when a product causes a consumer injury but no one is to blame, the maker is still liable.
Legally, producers are required to consider the potential uses and abuses of customers' products and plan to compensate them. Therefore, option C is the correct option.
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Do you dream of working in show business? Have you ever told your parents? If so, you have probably been told, “That is not a real career” or “You’d better pick something to fall back on.” What they usually mean is that the chances of going to Hollywood and becoming a big movie star are slim. In that way, they are right.
But making Broadway shows, producing Hollywood films, even creating online videos involve many more jobs than just the actors who play in them. So many different people in diverse career paths—from management, to accounting, to marketing—contribute their skills to create the finished products that entertain us! See, you can have a ‘real career’ and work in show business.
For instance, think about the jobs listed below. While those in positions like these get to work in and around show business, the functions they perform are based right in the clusters we considered today: Business Management, Finance, Marketing and Sales. See if you can search online to find what is involved with these three specific jobs. Can you find an example of someone who holds this position? What do they do? How might their job allow them to feel like a part of Hollywood?
Senior Vice President of Theatre Operations
Media Production Accountant
Social Media Director, Film Marketing Agency
Now that you have learned a bit about each of these jobs and what they involve, pop back over to the Bureau of Labor Statistics’ Occupational Outlook Handbook once again to do some more research on them. Find out what education is generally required to enter into each career and what the annual salary could be. Jot down some facts related to each career’s job outlook as well.
Note: You might have to use a broader search term, such as operations manager, accountant, or marketing manager, to find information on these careers.
After this initial research, your task is going to be to create a slideshow presentation to show parents who are worried about their children’s Hollywood dreams. You must provide them with information on solid career options that their children could pursue… careers that would ease parents’ minds and fulfill children’s goals.
Your slideshow must include the following:
Content
A description of each of the three careers that you researched, including what tasks the job requires and why the job is so important
A breakdown of the education requirements for each career, including subjects that might be beneficial in preparing for each career
The projected annual salary for someone in each career and the job outlook according to the Bureau of Labor
A summary of why you think this job is a good choice for someone who is interested in “show business”
Elements
Five slides, broken down in this way:
One slide for each career, containing the content from the first three bullet points above
One slide for the summary, containing the content from the last bullet point above
One slide for your bibliography
Three pictures, one for each of the three careers you are presenting
The careers that i have researched on Broadway shows are:
Stage Manager. Theatrical Makeup Artist. Choreographer.What tasks does a stage manager perform?They consist of:
Planning and leading rehearsals.Sharing with designers and craftspeople the director's wishes.Coordinating the stage crew's job.During the performance, there may be calling cues and actor entrances.supervising the entire performance every time it is given.In terms of Theatrical Makeup Artist role: Any makeup used by the performers must look well, and that is the responsibility of the makeup artist. In order to develop a look for each actor that will visually support the character, the makeup artist collaborates closely with the costume designer.
In terms of Choreographer role: Working together with the director and musical director, a choreographer creates and choreographs the dance or stylized movement for musical productions. A choreographer collaborates with dancers to develop and interpret concepts and turn them into the final performance.
The credentials are required to be a stage manager are:
A foundation degree, higher national diploma, or degree in stage management, or a course in a similar field like performing arts production, are all options.technical theater and a theater in practice.The credentials for Makeup Artists are:
Bachelor, Fashion & Beauty Makeup Artist; Bachelor of Arts in Make Up for Media and Performance.Hair design and makeup artistry.Artistry & Effects in Makeupcollegiate media makeupLastly, Despite the fact that a master's degree is frequently required to teach at the university level, many choreographers hold bachelor's degrees in dance. Beginning their careers as professional dancers, choreographers frequently take on jobs as assistant choreographers or in positions that are comparable.
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as discussed in the textbook, disruptive innovations are more likely to come from large corporations with extensive resources. true or false
false as discussed in the textbook, disruptive innovations are more likely to come from large corporations with extensive resources.
Disruptive inventions typically come from where?Innovative breakthroughs usually start in low-end or emerging markets. The fact that disruptive ideas begin in two different sorts of markets that incumbents ignore makes them conceivable.
Why disruptive technologies can lead to the failure of huge companies?Due to the fact that disruptive innovations do not please their existing clients, the majority of large companies are not comfortable with them. They solely pay attention to the needs of regular consumers. Customers will continue to evolve items if they want better ones.
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A 10 percent increase in the price of soda leads to a 20 percent increase in the quantity of iced tea demanded. It appears that:
A.
A 10 percent increase in the price of soda leads to a 20 percent increase in the quantity of iced tea demanded. It appears that:
B.
elasticity of demand for iced tea is 2 and is elastic.
C.
cross-price elasticity of demand for soda is -0.5.
D.
cross-price elasticity of demand for iced tea is -2.
Answer:
B. elasticity of demand for iced tea is 2 and is elastic.
The elasticity of demand for iced tea is 2 and it is elastic demand. when a 10 percent increase in the price of soda leads to a 20 percent increase in the quantity of iced tea demanded. Thus option (B) is correct.
What is demand?Demand refers to the quantity of goods or services that consumers are willing and able to purchase at a given price and time. It represents the desire and willingness of buyers to acquire a product or service and the ability to pay for it.
Demand is affected by a variety of factors, such as the price of the product or service, consumer income levels, consumer preferences and tastes, the availability of substitute goods or services, and overall market trends.
In the above case, the elasticity of demand for iced tea is 2 and is elastic. Therefore, option (B) is correct.
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the u.n. convention on contracts for the international sales of goods (cisg) includes provisions relating to which of the following?
The UN convention on contracts for the international sales of good includes - it the basis for a widely accepted body of international sales law.
A multinational agreement that creates a common foundation for global trade is the United Nations Convention on Contracts for the International Sale of Goods, also referred to as the Vienna Convention. It has been ratified by 95 nations as of 2022, accounting for two thirds of global commerce.A multilateral international treaty is the CISG. By establishing a consistent rule that regulates contracts for the sale of products internationally, it seeks to boost global trade and decrease trade disputes.-Better shot at getting contract enforced internationally in case of a breach.-Protection for those who forgot to put a Choice of Law provision in the contract.To know more about Goods here
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The CEO jeffery lebowski is meeting with his top managers to determine how best to compete successfully in the company's market. This group is developing the company's ________.A) strategyB) competitive advantageC) strengths and weaknessesD) opportunities and threats
The CEO Jeffery Lebowski is meeting with his top managers to determine how best to compete successfully in the company's market. This group is developing the company's strategy.
All the choices made and actions performed by a company to realize its wider vision are referred to as its business strategy. Businesses can become industry leaders by understanding business strategy and putting it into practice effectively.
The CEO and senior managers of a firm set the strategy and decide how best to use all of the company's resources. They are in charge of overseeing operations, distributing power, putting in place structure, and promoting profitability. They gather to talk about the business's development because they make the decisions for it.
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in order to gather specific data by a company regarding a defined issue by this company, it will use______. selective data normative data secondary data primary research universal sampling
In order to gather specific data by a company regarding a defined issue, it will use a combination of primary research, secondary data, normative data, selective data, and universal sampling.
Primary research is data that is collected by the company itself, either through surveys, interviews, focus groups, or observation. Primary research is often used when there is no already existing data to draw upon, and it can be costly and time consuming. Primary research is useful for gathering specific data that can be tailored to the company’s needs.
Secondary data is data that is already available and has been collected by someone else, such as a government agency or another company. This data can be used to supplement primary research, or to provide additional insight into a particular issue. Secondary data is often more cost effective than primary research, and can provide a deeper understanding of an issue.
Normative data is data that is used to compare a company’s performance to that of the industry or market. This data is usually collected from industry sources, such as trade associations or market research firms, and can provide valuable insight into a company’s performance relative to its competitors.Selective data is data that is collected from a specific group or population.
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when food lion, a national supermarket chain, uses a special promotion to price a four-pack of soda at $2.09 (which is below its customary price level of $3.59), it is attempting to
With its corporate office in Salisbury, North Carolina, Food Lion is a national chain of supermarkets with more than 1100 locations serving 10 states in the Mid-Atlantic and Southeast.
It employs over 63,000 people. It began as Food Town, a small grocery shop in Salisbury, in 1957. On April 27, 2018, Food Lion declared its intention to buy four BI-LO shops in South Carolina's Florence, Myrtle Beach, Surfside Beach, and Columbia. Food Lion announced on June 3, 2020, that it will buy 62 Southeastern Grocers locations in North Carolina, South Carolina, and Georgia. In 2021, they will change their names from BI-LO and Harvey's. Food Lion LLC is a supermarkets store chain with its corporate office in Salisbury, North Carolina, and 1,029 stores spread over 10 Mid-Atlantic and Southeastern states.
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Listed below are four types of reports issued by CPAs :1. unmodified audit report2. Cash basis statements Indicate the type of audit report 3. Review report4. Complilation reportIndicate the type of report (or reports) in which the following phrases appear. a phrase may appropriately appear in more than one type of report. if the phrase should not appear in any of the reports, select "X" from the dropdown
CPAs produce four sorts of reports, according to them: 1. unaltered audit report 2. Statements of cash base Specify the kind of audit report.
The four categories of audit reports:
Clean Report or Unqualified Opinion.Qualified Report or Qualified Opinion.Disclaimer Report or Disclaimer of Opinion.Adverse Audit Report or Adverse Opinion.An audit report is a public document that conveys an auditor's educated judgment on a company's financial position. An audit can produce four sorts of outcomes depending on a company's financial situation and financial procedures. Whether you want to become an auditor or just want to understand audits and how they affect your company's present financial situation, knowing the different types of audit reports can help. In this article, we explain the four categories of audit reports and examine how they affect businesses.
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Which of the following dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by groups of people?
social dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by groups of people
A business man who temporarily lives and/or works outside of their place of citizenship for professional reasons is referred to as an expatriate. Another way to describe it is as a person who moved from their nation of origin to another permanently or for a prolonged period of time. An allowance is a predetermined amount of money given by employers to employees to cover expenses above and beyond basic wage. It can also be described as an amount that is allowed or permitted in accordance with some rules or for a particular purpose.
Which of the following dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by groups of people?
1. social
2. physical
3. economical
4. beliefs
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Which of the following is true about easements?
1 The easement holder owns the land
2 It has no right to possession, only non-exclusive use of the land
3 It can be defined is the exact same thing as a right-of-way
4 The cost almost varies in direct portion to the amount of land involved
It can be defined is the exact same thing as a right-of-way is, true about easements. Thus, option 3 is correct.
What are the easements?An easement is a single aspect right to use and/or enter another's real property without owning it. It is best exemplified by the right of way that one landowner, A, may have over the land of another.
An easement is the constitutional right to exercise privileges over the land of another person. This means that the public or an individual can cross or use someone else's land for a variety of reasons.
Therefore, option 3 is correct that, true statement about easements, is that it can be defined as the same thing as a right-of-way.
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