Top; First-line; Middle Managers
Airbus’ decision to compete head-to-head with Boeing by developing the a330 and a340 was made by TOP managers. FIRST-LINE managers then executed these plans by producing the aircraft on the factory floor. These production managers were supervised by MIDDLE managers.
TOP MANAGERS: The entire organization must be under the authority and supervision of top-level management.
MIDDLE MANAGERS: Middle-level managers are in charge of carrying out organizational plans that adhere to corporate policies. They serve as a link between top-level and lower-level management.
FIRST-LINE MANAGERS: A manager who works closely with people at the lowest level of an organization.
Top; First-line; Middle Managers
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The price that results when quantity demanded equals quantity supplied is most correctly called the:_________
The price that results when quantity demanded equals quantity supplied is more correctly called the equilibrium price.
What determines the equilibrium price?The situation where supply and demand in the market are equal, indicates a situation of equilibrium between prices, that is, it is a situation determined by micro and macroeconomic factors, such as economic policy and the purchasing power of consumers, which establish a ideal condition of the economy.
Therefore, the equilibrium price is an indicator of security, making the market for goods and services balanced and controlled, where revenues are equal to costs, without an imbalance capable of generating price increases and economic scarcity, for example.
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Approximate the mean for the following data set. Round your answer to one decimal place.
The mean of the data set in the question is 34.0
How to solve for the meanWe have to find the midpoint of the classes
this would be gotten by the addition of the first and the last numbers divided by 2.
This would be seen in the following way
0 + 11 / 2 = 5.5
12 + 23 / 2 = 17.5
24 + 35 / 2 = 29.5
36 + 47 / 2 = 41.5
48 + 59 / 2 = 53.5
Next we have to multiply the midpoints by the given frequencies in the table
The frequencies * midpoint are
6 * 5.5 = 33
10 * 17.5 = 175
5 * 29.5 = 147.5
14 *41.5 = 581
13 * 53.5 = 695.5
Then the summations of the frequency is
6 + 10 + 5 + 14 + 13 = 48
The summation of the table above would be
33 + 175 + 147.5 + 581 + 695.5 = 1632
The mean would be 1632 / 48 = 34.0
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Changes in the performance of an existing service or the creation of a new one are?
Organizational change is the process through which a firm or business changes a key aspect of its structure, such as its culture, the operational infrastructure or supporting technologies, or its internal procedures.
The second phase in the comprehensive approach to change is for managers to create goals for the change that was identified in step one.
The planned change model has seven steps, including diagnosing the issue, evaluating the system's motivation and capacity for change, evaluating the resources and motivation of the change agent, developing change goals and methods, and identifying the role of the change agent.
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A business firm may have to comply with the laws of any jurisdiction in which it actively targets customers. true false
Yes, the statement stands True. A business firm may have to comply with the laws of any jurisdiction in which it actively targets customers. Business law, often known as commercial law or mercantile law, is the body of regulations controlling inter-person interactions in commercial concerns, whether established by convention, agreement, national or international legislation.
In India, company law governs all laws and regulations, from a company's incorporation to its dissolution. It refers to and relates to the legal regulations that govern business and trade in both the public and private sectors.
Business law covers a wide range of topics, including the establishment of new businesses and any problems that can occur during operation. These topics include tax law, contracts, intellectual property, real estate, sales, employment, and more.
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You want to buy a house and will need to borrow $265,000. the interest rate on your loan is 6.01 percent compounded monthly and the loan is for 20 years. what are your monthly mortgage payments?
$1,900.07 are your monthly mortgage payments. As the interest rate on the loan is 6.01 percent compounded monthly and the loan is for 20 years.
What is interest rate?An interest rate is a fee that a lender assesses to a borrower; it is calculated as a percentage of the principal, or the loaned amount. The annual percentage rate, or APR, is typically used to express the interest rate on a loan.
For instance, a person's repayment to the lender will be $105 if person borrow $100 at 5% interest. Lender will profit by $5. The interestd rate is calculated.
Thus, it is $1,900.07.
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As an example of the expansion of global marketing, oreos can be found in how many countries?
As an example of the expansion of global marketing, Oreos can be found in more than 100 countries
What is global marketing?Selling a product abroad is only one aspect of global marketing. Instead, it encompasses every step of organizing, creating, distributing, and advertising a company's goods on a global scale. With the growth of the Internet, even small firms may now contact customers throughout the globe. Large corporations frequently maintain offices in the foreign nations they market to.
Even if a business decides against going global, it might still have to compete with foreign firms doing so at home. Due to the competition, most businesses now consider having an international presence to be almost necessary.
For goods with widespread consumer demand, like food and automobiles, global marketing is especially crucial. As a result, a beverage firm is more likely to be present in more markets than, for example, a wooden toy company; nevertheless, even a wooden toy company may find niche markets in various parts of the world.
Thus Global Marketing blurs the physical boundaries and helps the sellers to connect to potential buyers.
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social responsibility programme implemented by a business
Depending on the business and industry, corporate social responsibility
social responsibility is a broad term that can take many different shapes. Businesses can build their brands while contributing to society through CSR initiatives, charity, and volunteer work. However, before a company can be considered socially responsible, it must first be held accountable to itself and its shareholders. Companies that implement CSR initiatives frequently expand to the point where they can support the community. Therefore, CSR is often a technique that big businesses use. After all, a company has a greater need to provide an example of moral conduct for its associates, rivals, and industry the more visible and successful it becomes.
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A shortage is when the quantity demanded is ____________ the quantity supplied at a specific price.
'A shortage is when the quantity demanded is greater than the quantity supplied at a specific price.
Quantity demanded is a term used in economics to describe the total amount of goods or services sought by consumers over a period of time. It depends on the price of the goods or services in the market whether the market is in equilibrium or not.
Demand is the quantity of goods or services that consumers are willing and able to purchase at a given price over a given period of time. Quantity demanded is the amount of goods or services that people buy at a particular price at a particular time.
Demand is the number of consumers willing and able to purchase a product at various prices over a period of time. Demand for goods refers to consumers' desire to purchase goods and their willingness and ability to pay for them.
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Select the things are considered psychological influences on the purchase decision process? (select all that apply) multiple select question.
The psychological influences that are known to have an effect on the reason why people carry out purchase decisions are:
Value, beliefs, attitudesLearningWhat is meant by the term purchase decision?The term purchase decision has to do with all of the decisions that are known to affect the ways' that humans would have to carry out the buying and other purchase of goods and services. The purchase decisions may have to do with all that has to do with buying minor goods that are as little as a pair of slippers and the major goods that would require better planning such as the purchase of a house.
Hence we can say that The psychologial influences that are knwon to have an effect on the reason why people carry out purchase decisions are:
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Complete question
Which of the following are considered psychological influences on the purchase decision process? (Check all that apply.)
Value, beliefs, and attitudes
Learning
An increase in the price of chicken feed shifts the supply curve for eggs to the left and moves buyers along the demand curve. in the jargon of economics, we have had a change in:____.
In this case, we have had a change in Supply and the quantity demanded.
As the price of chicken feed rise, supply will grow. But demand will drop. In contrast, if the price falls, supply is constrained and demand is increased. According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.
According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.
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Your company decides not to implement security procedures because employees refuse to comply anyway. this is an example of risk _________.
Company decides not to implement security procedures because employees refuse to comply it anyway. this is an example of Acceptance risk also known as risk retention.
The risk of acceptance usually occurs when a business or individual acknowledges the potential loss from a risk. A risk is not enough to avoid spending money. It is also known as "risk retention". These kind of risk management commonly found in investment fields or business. Small risk do not have ability to catastrophic or way too expensive. They are worth accepting and acknowledgment problems. This tool is very valuable. Risk acceptance is the self insurance form. These helps to avoid risk easily.
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Which matter is considered when calculating a country's balance of payments?
a. military expenditures
b. domestic inflation rates
c. foreign inflation rates
d. state unemployment
The matter that will considered when calculating a country's balance of payments is the military expenditures.
What is a balance of payments?This refers to the balance of international payments. This is athe statement of all transactions made between entities in one country and the rest of the world over a defined period such as during a month, quarter, year etc.
The balance of payments summarizes all transactions that a country's individuals, companies, government bodies complete with individuals, companies, and government bodies outside the country.
These balance of payments helps to measures the inflows and outflows of money from sectors such as tourism, foreign aid, military expenditures and foreign investments as well as flows resulting from exports and imports.
Hence, the matter that will considered when calculating a country's balance of payments is the military expenditures.
Therefore, the Option A is correct.
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Producing or associated with the generation of pus is:_________
a. inflammation
b. suppurative
c. edematous
d. erythroplakia
e. leukoplakia
Suppurative refers to the production or presence of pus.
When the substance that caused the inflammation is challenging to get rid of, a procedure known as suppuration known as pus creation takes place. Pus is a viscous liquid made up mostly of bacteria, dead and dying neutrophils, cellular waste, and fluid that is oozing from blood vessels. White blood cells undergo phagocytosis, which results in the formation of material near the infection site that contains pathogens, old leukocytes, and other detritus. Pus production is referred to be purulent or suppurative. Others use the terms purulent and suppurative in a more precise manner, referring to the pus that is growing in the afflicted region as purulent and the pus that is seeping from the site of an injury or infection as suppurative.
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In a competitive market, the market demand is qd = 400 - 5p and the market supply is qs = 10p - 80. the full economic price under a price ceiling of $25 is:_________
In a competitive market, the full economic price under a price ceiling of $25 is $170.
Given,
QS = Quantity supplied
QD = Quantity demanded
P = Price
At P = $25
Thus,
QD = 400 - 5P
QD = 400 - 5(25)
QD = 400 - 125
QD = $275
The market supply is QS = 10p - 80
QS = 10 (25) - 80
QS = 250 - 80
QS = $170
Hence, in a competitive market, the full economic price under a price ceiling of $25 is $170.
A price ceiling keeps a price from rising above a certain level. Price ceilings is used by government to protect consumers from conditions that could make commodities prohibitively expensive.
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________ products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort.
Consumers most frequently purchase convenience goods. They are purchased right away with little consideration of alternative possibilities. Products that the client may easily, quickly, and regularly purchase are known as convenience goods. Newspapers and soaps are examples of convenience goods, as are everyday foods like pasta or ketchup.
Consumer products can be divided into four categories. They are shopping items, specialty items, convenience items, and unanticipated items.
A group of consumer goods that are frequently, rapidly, and with little thought put into them; this group includes emergency supplies, impulsive purchases, and staples.
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Identify examples of consumer protections implemented by the federal government.
The following are some examples of consumer protection laws:
Fair Credit Reporting Act,
Federal Securities Act,
Dodd-Frank Act
Which Laws Protect Consumers?
To shield people from unethical commercial practices, there are regulations that protect consumers.
Consumer protection laws are designed to shield customers against dishonest corporate tactics, subpar goods, and potentially harmful products and services. They contribute significantly to a stable market economy, which is governed by both state and federal legislation. Although the free market's guiding principle used to be "buyer beware," these laws help keep vendors honest because there is no risk of unpleasant shocks.
Our protection from these kinds of problems is provided by consumer protection legislation. We should therefore become familiar with the more prevalent consumer protection regulations.
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ABC classification relies on the Pareto principle. The Pareto principle observes that 20% of your customers drive 80% of the benefits.
a. true
b. false
This is a True and Rigid Statement.
According to the Pareto principle, 20% of causes account for about 80% of the consequences for many outcomes. This guideline is also known as the 80/20 rule, the law of the crucial few, or the factor sparsity principle.
Key Learnings. According to the 80-20 rule, 20% of causes result in 80% of outcomes. By giving priority to the 20% of elements that will result in the best outcomes, the 80-20 rule. The finest assets of an organisation should be identified, and they should be utilised effectively to generate the most value possible.Why is the Pareto Principle used?The Pareto Principle, which asserts an uneven link between inputs and outputs and is named after economist Vilfredo Pareto, states that 80% of outcomes result from 20% of the causes. This idea serves as a general reminder that inputs and outputs do not always have an equal connection.To Learn more about the Pareto Principle, Click the Links.
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The most probable price that a property should bring in an open and competitive market is part of the:____.
The most probable price that a property should bring in an open and competitive market is part of the market value.
What is a Competitive Market?Consumer demands for goods and services result in the formation of a competitive market. Because of the rivalry it fosters, businesses are forced to consider their costs of production, pricing policies, and product output.
In competitive marketplaces and in the idea of perfect competition, the buyer and seller are taken into account equally and strategies are developed based on the supply and demand dynamics at the time.No single consumer or producer has the power to control the market in a competitive one.
In an ideal market, there are numerous knowledgeable buyers and sellers, no restrictions on entering the market, and no chance of a monopoly. A competitive market has ten characteristics, including profit, competition, shrinking supply, rivalry, and exclusion.
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Although most money market securities are of low risk, they are not risk-free. true false
Although most money market securities are of low risk, they are not risk-free.The statement is true.
What is money market?The money market is referred to as a market that enables short-term investment for the individual. Large quantities of very short-term debt instruments, such as unsecured reserves or commercial paper, are bought and sold in this process.
Money market securities are of low risk as they received protection and safety from the Federal Deposit Insurance Corporation (FDIC) at banks which reflects that funds invested in this market can never lose their worth and seek stability.
Therefore, the statement is True.
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Boeing and airbus both had to make difficult decisions to address ethical missteps. Airbus’ decision to dismiss over 100 employees due to ethics and compliance reasons is tied to which managerial role?.
The managerial role depicted by Airbus' decision to dismiss the employees is disturbance handler.
What is disturbance handler?Disturbance handler refers to a person who needs managers to make judgments on unpredictably disruptive events under high pressure that are out of their control and coordination. Managers must resolve problems among their subordinates as well as those between their department and other departments, for instance.
Which duty as a manager is the most important?A manager's main responsibility is to develop a full proof plan to achieve the goals and the objectives of the organization. Setting deadlines and performance requirements is also necessary. This calls for the allocating of personnel resources, assigning and dividing tasks, and delegating and distributing duties.
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the fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless.
the fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless.
This statement is false.
Scientists generally make assumptions in their models to simplify the complex world which they are trying to describe. Making these simplifying assumptions allows the scientists to focus on the most important components of the topic of study.
Economists also make simplifying assumptions in all the economic models in order to focus on the most important economic variables in a any given situation.
In this case, although much of the practical application of the production possibilities frontier model is lost when only two goods are allowed.
This simple PPF model can also be used to model important economic concepts, such as the opportunity cost, efficiency, feasibility, and technological change.
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A number of people who work on similar tasks or follow the same procedures is called a:________
A group of persons that carry out the same tasks or adhere to the same protocols is referred to as: Process (work)
division of labor
It is defined as the partition of a work process into a number of tasks, each of which is carried out by a different individual or group of individuals. It is one of the fundamental organizational principles of the assembly line and is most frequently used in mass production systems.
Eliminating needless motion and limiting the handling of various instruments and parts are two benefits of breaking work down into simple repetitive operations. Because of the resulting decrease in manufacturing time and the opportunity to replace experienced workers with less-paid unskilled ones, production costs are reduced, making the finished product less expensive.
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With other things unchanged, a rise in the average price of imports or a fall in the average price of exports will:_________
A fall in the average price of exports will basically worsen the terms of trade or with other things unchanged, a rise in the average price of imports.
The terms of trade will not be improved by this event; on the contrary, they will be made worse.
A rise in the average price of imports or a decline in the average price of exports make it impossible to increase the frontier of production possibilities.
Additionally, if other factors remain the same, the production possibilities frontier won't contract if exports average prices decline while import average prices increase.
All other things being equal, determining a set of equilibria enables one to forecast how much a nation will import at various international prices as well as how much it will export in excess of its domestic consumption at various international prices.
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A s.w.o.t. analysis includes? opportunities. threats. all of these are included in a s.w.o.t analysis. strengths. weaknesses.
SWOT analysis is a framework for identifying and analyzing a company's strengths, weaknesses, opportunities, and threats. these words make up the SWOT acronym.
The number one intention of SWOT analysis is to boom focus of the factors that cross into creating a business choice or establishing a commercial enterprise approach.
SWOT analysis is a strategic planning and strategic management method used to assist a person or business enterprise pick out Strengths, Weaknesses, opportunities, and Threats related to commercial enterprise opposition or project-making plans. it is every now and then known as situational evaluation or situational evaluation.
A SWOT evaluation is a planning tool that seeks to perceive the Strengths, Weaknesses, opportunities and Threats concerned in a task or agency. it is a framework for matching an employer's dreams, programs and capacities to the surroundings wherein it operates.
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Break-even analysis for a service company involves:________
a. units of product manufactured.
b. units of product sold.
c. profit margin.
d. unit of analysis.
Break-even analysis for a service company involves unit of analysis.
What is Break-even analysis?
Break-even analysis calculates a company's margin of safety and compares it to the revenue the company generates and its associated costs. In other words, the analysis shows the turnover required to cover operating costs. Break-even analysis determines the level of revenue required to cover the company's total fixed costs by analyzing different price levels in relation to different levels of demand. A seller's selling power is revealed to a large extent by demand-side research.
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c has a $100,000 traditional whole life insurance policy with a $30,000 cash surrender value. he applies for and receives a $10,000 policy loan from the insurer. all of the following about this transaction are true, except:
All of the following about this transaction is true, except if C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges.
An insurance policyholder and an insurer or assurer enter into a contract for life insurance under which the insurer agrees to pay a predetermined beneficiary a certain amount of money in the event that the policyholder dies. Other occurrences, like critical illness or terminal illness, may also result in payment, depending on the terms of the contract. Benefits from life insurance policies may be used to assist with final expenses after your death. Funeral or cremation expenses, uninsured medical expenses, estate settlement costs, and other unpaid debts may fall under this category. Generally, you are only permitted to withdraw money from the policy up to the number of premiums already paid tax-free. Usually, you must pay taxes on any sum that exceeds the premiums you have already paid.
Note that the full question is:
C has a $100,000 traditional whole life insurance policy with a $30,000 cash surrender value. He applies for and receives a $10,000 policy loan from the insurer. All of the following about this transaction are true, except:
-the loan carries a fixed or variable interest rate
-if the policy is surrendered, C would receive $20,000 less any outstanding interest charges
-If C died, his beneficiaries would receive $90,000, less any outstanding interest charges
-If C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges
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If the supply of and demand for a product decrease at the same time, then equilibrium:___.
At the same time, the equillibrium tends to increase.
Curves of supply and demand illustrate the connections between price and quantity. When supply and demand are in balance, there is equilibrium. Because revenues are a function of price and quantity, the form of these curves and the equilibrium price have an impact on both small and large firms. The supply and demand curves for various industries are influenced by the joint actions of firms and customers, even if a single business cannot change the shape of these curves.
Include shifts in consumer expectations and new technologies when predicting a supply curve shift. The converse is true for downward movements in the supply and demand curves, which show growing supply and decreasing demand, respectively.
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suppose the advancement of computers has decreased the productivity of a paper mill. this will likely cause the supply curve for paper.
The supply curve for paper will experience a leftward shift because of the decreased productivity of a paper mill due to the advancement of computers. That means the supply of paper will decrease.
The supply curve is a curve that provides a graphical representation of the law of supply. It presents the relationship between the price of the commodity and the quantity of the same a seller is willing and able to supply. The quantity supplied is measured on the horizontal axis and the price on the vertical axis respectively. This demonstrates that as the price increases, the quantity supplied increases and vice versa given the ceteris paribus conditions.
The supply curve shifts with the minute change in the factors that are assumed to remain constant. These factors include labor productivity, input costs, technology, producer expectations, government actions, and so on. The leftward shift in the supply curve indicates a decrease in the quantity supplied and a rightward shift indicates an increase in the same and so on.
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Countries experiencing balance-of-payments deficits can obtain short-term loans from?
Generally, any countries that is experiencing balance-of-payments deficits can obtain short-term loans from the International Monetary Fund.
What is the role of International Monetary Fund?The Financial body is established to promote trade amongst member nations by eliminating and fostering financial cooperation. The International Monetary Fund makes a short-term loans to member countries that have balance of payment deficits and provides foreign currency to member nations. This body is the closest thing the world has to an international central bank.
As a country with a balance of payments deficit tells that its imports more goods, services & capital than it exports which might make it borrow from other countries to pay for its imports, then, the International Monetary Fund can provide a short term funding to stabilize the deficit.
Therefore, any countries that is experiencing balance-of-payments deficits can obtain short-term loans from the International Monetary Fund.
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Businesses differ from nonprofit organizations in that a business's focus is on:_____.
Businesses differ from nonprofit organizations in that a business's focus is on Profit.
What is non-profit organization
A nonprofit organization (NPO), often referred to as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity set up and run for a group's, the public's, or social good as opposed to a business that operates to make money for its owners. The non-distribution constraint applies to nonprofits, which means that any surplus funds must be used to further their mission rather than being distributed to other parties. Many organizations, including some political ones, educational institutions, professional associations, religious institutions, social clubs, and consumer cooperatives, are nonprofit.
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