A technology solution known as an inventory control system is used to monitor and track a company's products across the supply chain. Using this technology, purchasing, shipping, receiving, warehousing, and returns will all be integrated and managed in one system.
Define inventory system.Many manual operations will be automated by the best inventory control system. A system for controlling a company's inventories, including purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering, is known as an inventory control system. Depending on the nature and scale of its business, each firm will manage stock in a distinctively different way. Systems of inventory inform you how many parts or ingredients are required to build or assemble your finished product.
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for the past month, the plant in problem s7.1, which has an effective capacity of 6,500, has made only 4,500 hammers per day because of material delay, employee absences, and other problems. what is its efficiency?
For the plant, the efficiency for the past month = 4500/6500
= 69.23 %
The term efficiency can be defined as the ability to achieve an end goal with little or no waste, effort, or energy. Being efficient means being able to make the most of the resources at your disposal to achieve your results. Simply put, it is efficient when there is no waste and all processes are optimized.
Efficiency can often be expressed as a percentage of the ideally expected result. For example, if no energy was lost due to friction or other causes, then 100% of the fuel or other input could be used to achieve the desired result.
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if you are not the boss but need to motivate your coworkers to work faster so that you can leave work a little early today how do you need to behave? like a leader like a manager
If you are not the boss but need to motivate your coworkers to work faster so that you can leave work a little early today, you need to behave like a leader.
A leader is someone who guides and inspires a team or an individual to reach a certain objective. Leaders motivate followers to make the decisions required for success. The skills necessary to be a successful leader must be acquired through study and practice. When the team leader recognizes an coworkers hard work, it gives them more confidence. Coworkers turn to their team leader for motivation.
Leaders are capable of influencing and directing their team toward a common goal. Additionally, they are in charge of fostering and preserving Coworkers morale, assisting staff in realizing their full potential, and motivating loyalty. As a leader, it's critical that you possess effective communication skills.
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The _________ benefits europe’s politically powerful farmers by restricting imports and guaranteeing prices but not consumers in the european union, who end up paying higher prices overall.
The benefit cap is a cap on the overall benefits that are available to you. Most people who are 16 or older and have not yet reached State Pension age are affected. Welsh speakers can access this manual as well (Cymraeg).
The Common Agricultural Policy benefits who?
the Agricultural Common Policy. The EU's Common Agricultural Policy defends its farmers and growers (CAP). Around £40 billion in CAP subsidies are given to European farmers each year, making up about 35% of the total EU spending budget.
What actions takes the European Union?
The European Union's objectives within its borders are to advance peace, its principles, and the welfare of its people. guarantee freedom, security, and justice without internal borders while taking the necessary steps to control immigration and asylum at its external borders and to prevent and combat crime inside its own territory.
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if a firm has a debt to asset ratio of 0.6, and total assets of $100, what is the value of the firm's liabilities? (do not include $ sign) selected answer: 60 correct answer: 60 answer range /- 0 (60 - 60 )
The debt/asset ratio, or total liabilities divided by total assets, shows how much of a company's assets are financed by debt.
The majority of the company's assets are financed by equity if the ratio is less than 0.5.The majority of the company's assets are financed by debt if the ratio is greater than 0.5.
What does it imply to have a debt-to-asset ratio of 0.6?
A debt ratio of 0.4 or lower is considered better from a pure risk perspective, whereas a debt ratio of 0.6 or higher makes it more difficult to borrow money. A company with too little debt carries risk, even though a low debt ratio indicates greater creditworthiness.
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an employee is taking cash and making up the difference by holding the deposit until the next cash receipts are received. the best procedure to discover this fraud is .
An employee altering accounts receivables to conceal stolen cash is a fraudulent practice known as a "lapping scheme."Using a subsequent receivables payment from a transaction, such as a sale, to cover the theft is the strategy.
Is it fraud to steal cash receipts?
The majority of receipt fraud is committed by an organization's employees. It could occur if incoming cash or checks are stolen, or if customer debt records are altered in exchange for cash rewards or other incentives. Action Fraud should be notified of any fraudulent activity.
What is the term for when staff at a client take cash from the bank?
Using company or client assets for personal gain is known as asset misappropriation. Another name for this is "stealing." Asset misappropriation can be broken down into two main categories: non-cash and cash.
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tell me about a time you had to work with a large amount of information or data and determine a recommendation or course of action. what was the situation, your approach/process, and outcome?
A time we had to work with a large amount of information or data and determine a recommendation or course of action when we have identify potential drilling locations and monitor pipeline operations.
How do large amounts of information work?
1. Eliminate distractions at the start of the process for learning a lot of knowledge in a systematic way.
2. Make sloppy handwritten notes to record important thoughts.
3. Convert sloppy notes into sloppy mental maps.
4. After 24 hours, let the mind map(s) rest before reviewing.
5. A set of flash cards should be made.
6. Recovery drills.
What are the approaches/process to work with a large amount of information?
Three Ingenious Ways to Approach Big Data Effectively
1. Set a goal for yourself.
2. Make the most of the data you already have.
3. Outsource the organization and analysis.
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which legislation forces property owners and managers to allow a disabled resident to keep a service dog when there is a no pets policy for the property?
Fair Housing Amendments Act of 1988 forces property owners and managers to allow a disabled resident to keep a service dog when there is a no pets policy for the property.
What is an act?Act of Congress create new laws or amend existing property laws.A law is a bill that has been approved by both the House of Representatives and the Senate and has the consent of the monarch's royal family.Once property bill is passed by both the Senate and House in the same format, it is submitted to the President for signature. When the president signs a law, it becomes law. The law is also called the Act of Parliament. Law is another word used interchangeably with law.A property law is a bill passed by both houses of Congress, signed by the President, rejected by the President, or allowed to become law without the President's signature. Individual laws, also called statutes, are arranged according to the subject matter of the United States Code.To learn more about act from the given link :
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which of the following would cause the demand for loanable funds to increase? a major sporting event in town that causes people to withdraw money from their bank accounts. a new investment tax credit for businesses to expand. a reduction in consumer confidence that causes people to save more. a reduction in government spending.
A new investment tax credit for businesses to expand would cause the demand for loanable funds to increase.
If the passage of an investment tax credit makes firms to invest more, the demand for loanable funds would increase. As a result, the equilibrium interest rate would rise, and the higher interest rate would stimulate saving.
This diminish will cause a negligible diminish within the motivation to save (a diminish within the amount supply of loanable reserves).
But, as the intrigue rate diminishes, the taken toll of borrowing will diminish as well causing an increment within the amount requested of loanable reserves as they are presently cheaper.
On the other hand, the supply of loanable reserves is decided by the readiness of family units to spare in expansion to the reserve funds, or dissaving, of the government. When family units spare more nowadays, they are too diminishing their current levels of utilization.
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the incidence of a tax: a is the price elasticity of demand after the tax is paid. b refers to the share of the tax paid by consumers and the share paid by sellers. c is a measure of the revenue the government receives from the tax. d refers to who writes the check to the government. e is a measure of the deadweight loss from the tax.
Who sends the government a cheque determines the incidence of a tax.
Incidental takes refers to who is subject to tax and in what proportion.
A cheque is a document that instructs a bank (or credit union) to transfer a specified sum of money from a person's account to the person whose name it has been issued. Checks are written in American English; see spelling variants for more information. The individual who writes the check, referred to as the drawer, keeps the funds in a transaction banking account (often referred to as a current, cheque, chequing, checking, or share draft account).
The drawer orders their bank, known as the drawee, to pay the amount specified to the payee by writing different information, including the dollar amount, date, and a payee, on the cheque.
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souder's project screening criterion that indicates an effective model must reflect organization objectives, including a firm's strategic goals and mission is called: comparability. ease of use. realism. capability.
Realism is Souder's project screening criterion, according to which a successful model must mirror organizational objectives, such as a firm's strategic goals and mission.
Realism is Souder's project screening criterion, and it states that a model must accurately reflect organizational objectives, including a firm's strategic goals and mission, in order to be effective.
In the arts, realism typically refers to the desire to accurately and naturally depict the subject matter while avoiding speculative fiction and supernatural elements. Despite the fact that these two names are not synonymous, they are frequently used interchangeably.
A lovely butterfly, for instance, is attractive in actuality and not only according to our perception of color and beauty. Similar to how a naive realist would claim that something is genuinely ugly rather than being ugly because we think it is.
Human nature realism, state-centric realism, and system-centric realism are the three streams of realist thinking.
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which of the following is a distinguishing characteristic of a nonprofit organization? a. its revenues do not exceed its expenses b. there is an absence of ownership interests that can be sold, transferred, or redeemed c. it does not depreciate its capital assets d. it does not charge fees for any of its services
There are no transferable, assignable, or redeemable ownership interests. It is a quality that sets charitable organizations apart. A not-for-profit organization's main goal is to help the people who make up its constituency. Option B
A nonprofit organization (NPO) or non-profit organization is a legal entity organized and operated for a collective, public, or social benefit as opposed to an entity that operates as a business with the goal of making a profit for its owners. It is also referred to as a non-business entity, not-for-profit organization, or nonprofit institution.
A nonprofit corporation must meet requirements outlined by the internal revenue code in order to become a legally recognized and tax-exempt organization. NPOs' legality and tax status are decided by the IRS in the US.
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creditors sued hulio and juanita and obtained a judgment in california. the couple, however, left the state and have resided in nevada for the past two years. would a court in nevada uphold the california judgment?
Yes, court in Nevada uphold the california judgment under the full faith and credit clause.
Explain in brief Full Faith and Credit Clause.The federalist framework of the Constitution enables each state to continue to have its own government. Due to this structure, there is a chance that different states will use their authority to resolve the same problem or disagreement, which could result in confusion and uncertainty. By changing the connections between the states, the Full Faith and Credit Clause of the Constitution reduces that danger. Each state must accord full faith and credit to the public acts of every other state, including their statutes, according to the clause. In accordance with the clause, each state must accord the other states' legal proceedings and records "Full Faith and Credit."
The Clause has been interpreted differently throughout time by the Supreme Court. The Court has decided on a doctrinal framework that considers decisions made by foreign courts differently from decisions made by foreign laws.
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Consumers tend to purchase a good at a lower than at a higher price. Why (state any assumptions made)? Do consumers always behave this way? Explain your response.
According to the law of demand, the price of a good is negatively related to the quantity demanded all other things remaining equal.
Consumers do not always buy good at a lower price than at a higher price.
What is the law of demand?According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded.
Consumers do not always buy goods at a lower price than a higher price. For example, for luxury goods, consumers would prefer to buy it at a higher price than at a lower price. This is because luxury goods are used to show wealth. If the price of a good that is considered to be used solely be wealthy people declines, some rich people would not want to purchase the goods again because it is now affordable by the masses.
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which member of the production team is responsible for running the show at each performance and, during the rehearsal period, for compiling the promptbook?
The stage manager is a member of the production crew who is in charge of running the play at each performance and preparing the promptbook throughout the rehearsal session.
What are stage managers responsible for?The majority of stage managers work on theater shows, musical concerts, and dance events. Throughout the production and rehearsal process, they give invaluable practical and organizational support to directors, actors, designers, and technical staff, and they monitor onstage and backstage activities during performances to ensure the play runs well.
The following are the duties of a stage manager.
Rehearsal scheduling and managementCommunicating the director's desires to designers and artisans.Coordination of the stage crew's job.Cues for performers to enter and maybe exit during a performance.Each time the play is produced, I am in charge of overseeing the whole production.To know more about a stage manager, click
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The abc retail company groups activities around its east coast, west coast, and midwest locations. Which type of departmentalization is the company using?.
The main departmentalization models include those based on function, process, product, market, customer, region, and occasionally matrix (also called project organization).
What kind of departmentalization is most typical?The most prevalent type is departmentalization by function. A functional organization facilitates oversight and makes effective use of specialist resources. It is separated into departments like finance, marketing, or production and is employed particularly in smaller businesses. The organization benefits from functional departmentalization since it integrates expertise and increases production and efficiency. You can anticipate specialized activities and excellent outcomes because all relevant activities are carried out by a group of individuals with similar interests, shared knowledge, and skills in one location. One of the better examples of an organizational structure is the functional structure used by Airtel. It has directors for the legal department, customer service, marketing, human resources, and technology.
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Manufacturing automation and office automation are examples of ______ that are forces for change outside the organization.
A manufacturing automation and office automation are examples of technological advancement that are forces for change outside the organization.
What is an External forces in business?In a typical organization, the external factors are the aspects outside the company that affect its main operations, strategy, and success. Most businesses cannot control these external factors, however, their response to its can affects business outcomes.
These external forces are categorized as follows which includes Political, Economic, Social, Technological, Environmental, Legal etc. So a technological advancement is an example of a forces for change that lies outside the organization.
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forrester company is considering buying new equipment that would increase monthly fixed costs from $160,000 to $190,000 and would decrease the current variable costs of $80 by $10 per unit. the selling price of $140 is not expected to change. forrester's current break-even sales are $440,000 and current break-even units are 10,200. if forrester purchases this new equipment, the revised contribution margin ratio would be:
The revised contribution margin ratio would be 0.40.
new BEP in units = 3,750
Contribution Margin Ratio 0.40
The variable cost decrease by $10 to $60 from 70
The fixed cost increase by 30,000 to $150,000 from $120,000
sales remains at $100
[tex]\frac{Fixed cost}{Contribution margin} =break even point units[/tex]
[tex]\frac{Contribution margin}{Sales Revenue} =Contribution margin ratio[/tex]
[tex]Sales revenue- Variable Cost=Contribution Margin[/tex]
100 - 60 = 40 CM Each units contribution is $40
40/100 = 0.40 CMR for each dolalr of sales 40 cents are contribution
150,000/40 = 3,750 by selling 3,750 the company can afford to pay their fixed cost.
The difference between a company's sales and variable costs, represented as a percentage, is the contribution margin ratio. The total income that can be used to cover fixed costs and turn a profit is represented by an entity's total margin.
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Demand is the demand for a good or service that considers only the private benefits of its consumption.
When the use of a good or service benefits persons who were not engaged in its creation or consumption, this is known as a positive externality on consumption.
What is an illustration of consumption externalities?negative externalities of consumerism
Third parties may suffer unfavorable consequences when certain items, such as demerit goods, are consumed. Examples include excessive alcohol consumption, which can ruin someone else's night out, noise pollution, and cigarette smoking, which can lead to passive smoking.
When someone else's consumption has an explicit and direct impact on their utility function, or when they are directly impacted by learning about another person's consumption, this is known as a consumption externality in economics. This is so that businesses may more easily determine their cost and production strategies. Companies are aware of the optimal number of units to produce for each product based on the marginal benefit. Additionally, customers must support this move.
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the decisions and activities intended to create and maintain a certain concept of the firm's product, relative to competitive brands, in customers' minds are best described as .
These are best described as Product positioning.
What is Product Positioning?
The decisions and actions aimed to establish and maintain a certain concept of the company's product (compared to competing brands) in customers' thoughts are referred to as product positioning.
Product positioning is forming a distinct image of the nature of the product and the advantages of purchasing it in the minds of consumers within the targeted category. Segmentation's complement is positioning.
Product positioning and product repositioning are essential in today's dynamic marketing and sales environments. In product positioning, a certain product notion is implanted in the customer's head. In the end, it refers to how a product is viewed in relation to specific features when compared to rival items.
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dan is looking at a denim jacket that sara has displayed for sale at her garage sale. the jacket is marked at a price of $10. sara believes and advertises that the jacket was made in the usa. dan believes that the jacket was also made in the usa and purchases it for that reason. however, it was actually made in vietnam. what is this an example of?
The story above is the example of bilateral mistake. It is because Sara give inaccurate information about the jacket in the garage sale.
A Mutual legal mistake or also known as bilateral mistake can be described as a falsely operating on information that is inaccurate. Bilateral mistakes can be problematic for both parties because both parties have a misunderstanding of the contract and the contract terms. In the other side, there are unilateral mistakes. Unilateral mistake can be described as a mistake in which one party is mistaken and the other knows or ought to have known of the mistake.
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a machine is purchased on september 30, 2024, for $60,000. useful life is estimated at four years and no residual value is anticipated. the straight-line depreciation method is used. the company's fiscal year ends on december 31. depreciation expense for 2024 should be:
The company's fiscal year ends on december 31. depreciation expense for 2024 should be 3,750
60,000/4 = 15,000
15,000*(3/12) = 3,750
Depreciation expense is that part of a hard and fast asset that has been considered fed on within the present day duration. This amount is then charged to fee. The motive of this rate is to gradually reduce the carrying quantity of fixed property as their value is consumed through the years.
The economic price of an asset decreases over the years due to use, wear and tear or obsolescence. This decrease is measured as depreciation. Depreciation, i.e. a lower in an asset's fee, may be resulting from some of other factors as nicely together with detrimental market conditions, etc.
Periodic Depreciation rate = (fair fee – Residual fee) / useful lifestyles of Asset. for instance, company A purchases a building for $50,000,000, for use over 25 years, with out a residual value. the yearly depreciation rate is $2,000,000, that's determined with the aid of dividing $50,000,000 via 25.
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suppose a company spends $100,000 during year x1 to research and develop a safety device for motorcycles. by the end of x1, the company estimates that the new safety device has an 80% chance of generating $500,000 in revenues from sales to customers over the next five years (x2 - x6). for what amount would research and development expense be reported in x1?
The current year's research and development costs were recorded at $100,000.
The definition of expenses is the outflow of money paid, which refers to the cost expended for requiring anything.
Example: The amount spent on the machine.
Calculating the Research and development for the current year:
The data offered are, in accordance with the described case:
The cost of Research And Development is $100,000.
R&D costs are abbreviated as RAD.
80% of the time
Total earnings equaled $500,000
Since we only take into account money that has been spent or paid in the current year, the amount taken into account for reporting research and development costs is $100,000.
Since other information is irrelevant for determining the amount of research and development, the RAD for the current year would be $100,000.
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which of the following statements are correct? multiple select question. in practice, direct labor costs are really fixed. managers generally have the ability to quickly adjust the direct labor force. treating direct labor as a variable cost improves decision making. employee morale may be reduced when direct labor is treated as a variable cost.
Direct labor costs are really fixed and Employee morale may be reduced when direct labor is treated as a variable cost are the given correct statements.
A direct labor cost is a component of the wage bill or payroll that can be specifically and consistently attributed to or related with the production of a good, the completion of a specific task, or the rendering of a service. We can also state that it represents the price of the direct labor performed by those employees who really create the product on the assembly line.
Employee morale refers to a person's mood, level of contentment, and outlook while working for a company. Negative consequences such as low production and low employee morale will occur if your company has a weak culture. Employee or workplace morale is the level of employee satisfaction at work.
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kansas enterprises purchased equipment for $75,000 on january 1, 2021. the equipment is expected to have a five-year service life, with a residual value of $8,700 at the end of five years. using the straight-line method, depreciation expense for 2022 and the book value at december 31, 2022, would be:
Annual depreciation= $13,260
Book value= $48,480
Purchase price= $75,000
Useful life= 5 years
Salvage value= $8,700
calculate the depreciation expense,
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (75,000 - 8,700) / 5
Annual depreciation= $13,260
the book value:
Book value= purchase price - accumulated depreciation
Book value= 75,000 - (13,260*2)
Book value= $48,480
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12. the design for the new electric car had been approved by the board and production was underway, but the vp of manufacturing was nervous about the rate of defective parts from subcontractors. he scheduled a meeting with a key supplier and wants to present evidence of how many months the master cylinder defects were greater than 20. what formula should be entered in cell c28 to get this information? assume the three columns of the dataset have been named subassembly name, month, and defects.
According to some sources, a supplier is a company or individual who provides goods to another company or service.
What is supplier?A vendor, supplier, provider, or seller is an enterprise that contributes goods or services to a supply chain. A supply chain vendor, in general, manufactures inventory/stock items and sells them to the next link in the chain. These terms now refer to any supplier of goods or services. A supplier is a person, company, or organization that sells or supplies something to customers, such as goods or equipment. A supplier is a person, company, or entity that sells or rents goods or services to another entity. One example of a supplier is a company that sells PCBAs to a laptop manufacturer or OEM.To learn more about supplier, refer to:
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joe jones, plant manager at waco industries, told a friend that if it was necessary, his plant could produce 1,000 items a day if all conditions were just right. joe is describing his plant's:
Joe is describing his plant's Effective capacity.
What is Effective Capacity?
The Effective Capacity is the maximum quantity of work that a company may accomplish within a specific time frame under the conditions of quality issues, delays, material handling, etc.
The potential impact of Effective capacity decisions on the organization's ability to supply goods and services in the future makes them crucial; capacity essentially caps the output rate that can be achieved. The connection between capacity and operating costs is what gives capacity its significance.
How Effective Capacity is calculated?
Effective Capacity is Calculated by dividing actual capacity by efficiency.
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key characteristics of the maturity stage are which two of the following? multiple select question. marketing costs are directed at holding market share. intense competition on price occurs. buyers enter the market at a rapid pace. many new competitors enter the market. revenues begin to increase rapidly.
The key characteristics of the maturity stage are :
intense competition on price occurs.marketing costs are directed at holding market share.What is the maturity stage of the product life cycle?The maturity stage can be described as the stage in the product life cycle which is the stage that can b found after the introduction and growth stages.
It should be noted that this maturity stage serves as the stage that is been considered as the longest stage that can be attributed to the product life cycle.
In conclusion, in this stage in the organization or the firm, the sales growth begins to decline because as at this stage the production as well as the selling of the goods as well as the services will now be at its peak as a result of this there will be no available new customer to patronize and the production of the goods will be at the stage where there will be no improvement and there will be no increase of profit in the organization.
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during her performance appraisal, jane received feedback from her peers, supervisors, subordinates, and customers. this type of feedback is called . a. 180-degree feedback b. upward feedback c. 360-degree feedback d. downward feedback
Jane received feedback from her peers, supervisors, subordinates, and customers. This type of feedback is called 360-degree feedback.
A 360-degree feedback process involves gathering feedback from an employee's peers, superiors, and subordinates as well as from the employee themselves.
Employees that participate in a 360-degree feedback system or process receive private, anonymous feedback from those who work with them. The management, colleagues, and direct reports of the individual are frequently included in this.
Sometimes behavioral details for each rating are included in 360-degree feedback. For instance, one 360-degree feedback sample evaluated the individual as "including the following description: "This person is quite silent in meetings and does not communicate well with their management. Usually, they merely remain silent and make an effort to blend in."
Hence, Option C is correct.
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the annual income from an apartment complex is $20,857. the annual expense is estimated to be $2,034. the apartment complex could be sold for $113,851 at the end of 10 years. if your marr is 10%, how much should you pay for the apartment complex if you were to buy it now?
If you were to purchase the apartment building right now and your limit was 10%, you would shell out $159,547.
A sum of money's present value is how much it is worth today. For instance, the present value is what $110 is presently worth if you are promised $110 in a year.
The total of taxes and operating expenses for any particular year is referred to as annual expenses.
Present Value = (Income - Expense)(P/A, 10%, 10) + Sale(P/F, 10%, 10)
= (20,857 - 2,034)(P/A, 10%, 10) + (113,851)(P/F, 10%, 10)
= 18823 × (6.1445) + 113,851 × (0.3855)
= 159547.484
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if inflation was 3% per year, nominal gdp was growing at 8% per year, and population was growing at 2% per year, what was the growth rate of real gdp per capita?
GDP nominal: a measure of economic value that takes into account the current market prices of all economic outputs.
Real GDP x GDP Deflator is the nominal GDP.
How is the real inflation rate calculated?The estimation which factors expansion to get genuine Gross domestic product is as displayed underneath: The base year in this formula is the chosen year for which the government conducts periodic updates and is also used when comparing economic data like the GDP. Real GDP = GDP/ (1 + inflation since base year)
How is the real GDP growth rate calculated?The percentage change in real GDP per capita between two consecutive years is used to calculate the annual growth rate of real GDP per capita. A country's or region's real GDP per capita is calculated by dividing GDP at constant prices by the population.
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