The five main goals of managerial accounting are supported by a variety of tools, methods, and viewpoints that offer value to a business.
The discipline of management accounting, often known as managerial accounting, is useful in giving the management financial information and the right resources to aid managers in decision-making.
Managerial accounting can be used to make both short-term and long-term choices about a company's financial health. Managerial accounting supports managers in making operational choices that aim to improve the operational effectiveness of the business and support long-term investment choices.
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Working with variances from the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. standard costs variances direct material $120,000 price variance 3,000 u quantity variance 4,000 f direct labor 100,000 rate variance 1,400 u efficiency variance 1,800 u variable overhead 44,000 spending variance 1,000 f efficiency variance 600 u
The correct answer is 4300.
Variance is said to be unfavourable if actual materials/labour etc used are more than the standards set.
The overall expenses incurred by a company may be divided into a variety of groups in the context of accounting, including fixed costs and variable costs, direct costs and indirect costs, prime costs and non-prime costs, material costs and conversion costs, etc. The application under consideration determines how the costs are classified.
Actual material cost:
Std Material cost 120000
Add: Unfavorable Price variance 3000
Less: Favorable Qty variance -4000
Actual material cost: 119000
labour cost actual:
Std labour cost 100000
Add: labor rate variance 1400
Add: Labor efficiency variance 1800
Actual labour cost 103200
Actual variable Oh cost:
Std variable OH cost 44000
Lless: Favorable Spending variance 1000
Actual variable Oh cost: 43000
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Inherent in the idea of self-rule is the idea that government should serve __________.
Inherent in the idea of self-rule is the idea that government should serve All citizens.
Self-government is a form of government in which the people of a nation (or smaller political unit, like a state) rule and manage their own affairs. Self-governments are not subject to outside political or governmental influence.
Freedom of assembly, association, property rights, freedom of speech, inclusivity and equality, citizenship, consent of the governed, voting rights, freedom from unjustified governmental deprivation of the right to life and liberty, and minority rights are among the foundational principles of democracy.
Supporting democracy helps build a more safe, stable, and affluent global environment where the United States may advance its national interests in addition to advancing such core American principles as worker rights and freedom of religion.
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operations and sales are the two functional areas that exist to support activities in other functions such as accounting, finance, it, and human resources.
Operations and sales are the two line functions in a business organization. All other functions including accounting, finance, IT, and human resources exist to support these two line functions. Sales operations emphasis on sales department efficiency rather than revenue growth and integration of sales, marketing, and service divisions.
Many distinct tasks exist within sales divisions to generate sales and improve customer experience, such as revenue operations and sales operations. Strategy, data analysis, hiring and training, forecasting, territory design, and sales process optimization are some of the tasks and functions that ales operations teams perform. Sales operations assist sales teams in operating more efficiently.
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The amount of a chemical that is administered at one time is always the threshold dose. true/ false
The amount of a chemical that is administered at one time is always the threshold dose. True.
A chemical is any substance that has a described composition. In other words, a chemical is usually made up of the same "stuff." Some chemical compounds occur in nature, along with water. different chemical substances are synthetic, including chlorine (used for bleaching fabric or in swimming pools).
Examples of chemical compounds encompass the chemical elements, such as zinc, helium, and oxygen; compounds made from factors such as water, carbon dioxide, and salt; and more complex substances like your pc, air, rain, a hen, an automobile, etc.
Two or extra elements combined into one substance through a chemical reaction form a chemical compound. All compounds are substances, however, now not all substances are compounds. A chemical compound may be an atom bonded together in molecules or crystals in which atoms, molecules, or ions shape a crystalline lattice.
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which analytics 360 feature allows you to create a new data set with a broad view of your business across products, brands, or regions by combining data from multiple source properties?
Roll-up properties provide a broad view of your business across products, brands, or regions by combining data from multiple source properties into a single roll-up property.
By merging information from many source properties into a single roll-up property, you may give a comprehensive overview of your business across products, brands, or geographical areas.Roll-up properties: what are they?Data from both online and mobile app properties, as well as those whose data is uploaded using the Measurement Protocol, can be included in Roll-Up Properties. Data imported into Source Properties and data linked to Source Properties are not included in Roll-Up PropertiesTo Learn more about Roll-Up Properties. Click the Links.
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When many members of the project team disagree, then delaying the decision, gathering more data, or agreeing to let one person make the decision may be in order. a. true b. false
This assertion is actual/true that When many participants of the assignment group disagree, then it might also be pleasant to lengthen the decision, acquire greater data, or agree to let one or two team contributors inspect and advocate a approach for the entire team.
When a undertaking team member is now not performing rewards may also now not prove?When a venture group member is no longer performing, rewards may also no longer show as high quality as a coercive approach that threatens the group member with undesired consequences. Information is power. Withholding or distorting undertaking facts is a plausible and probably beneficial method to increase energy for the task manager.
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The amount of $74,184.38 can be withdrawn at the end of each of the next 20 years.
NPER 20
PV 715000
RATE 8.25 %
$ 74,184.38
WITHDRAWL = PMT PMT ( 8.25 % , 20 , -715000 )
A withdrawal includes disposing of price range from a financial institution account, financial savings plan, pension, or trust. In a few cases, situations need to be met to withdraw the price range without penalty, and a penalty for early withdrawal commonly arises while a clause in a funding settlement is broken.
A debit card permits you to withdraw cash from their Automated Teller Machines (ATM) any time of the night time or day, in the course of the year. As a result, you may keep away from creating an experience to a financial institution department at some stage in banking hours. To withdraw cash from an ATM, you simply want to insert your debit card and sort in a completely unique password.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Suppose you inherited $715,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years?
tim's taxi service sold one of its cabs for $5,000. the cab had an original cost of $23,000 with $16,000 in accumulated depreciation. what is the recognized gain or loss and character of the gain or loss on this sale assuming this is the only asset sold during the year?
Tim's taxi service sold one of its cabs for $5,000.The taxi cost $23,000 initially, but has already depreciated by $16,000.
$2,000 loss
$23,000 original cost
-$16,000 accumulated depreciation
= $7,000 adjusted basis
$5,000 sales price
-$7,000 adjusted basis
= -$2,000
Depreciation is an accounting term for the process of spreading out an asset's cost over the course of its useful life. How much of an asset's value has been used is shown by the amount of depreciation. Businesses are given the opportunity to profit from the assets they possess by buying them over a predetermined period of time.
Businesses do not have to fully account for them in the year that assets are purchased, which results in a significantly reduced initial cost of ownership. If depreciation is ignored, the profitability of a corporation could suffer dramatically. Businesses may also depreciate long-term assets for accounting and tax reasons.
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which of the following instruments are traded in the capital markets? check all that apply. commercial paper certificates of deposit treasury bills corporate bonds common stocks
Among the following, CORPORATE BONDS and COMMON STOCKS are the instruments that are traded in the capital markets.
Corporate bonds can be traded in capital markets because they got a long-term contract to use an asset and it receives regular payments for a certain time period. Common stocks, on the other hand, can also be traded since it has a maturity period of more than one (1) year.
Commercial paper, certificates of deposit, and treasury bills are not included in securities that capital markets trade. Only the ones that have a maturity period of a year or more can be traded.
Money market instruments do not have a maturity period of more than a year and this includes commercial paper and certificate of deposits. These financial instruments basically just have a short-term maturity that are highly liquid and can actually be traded very easily.
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question mode multiple choice question manufacturing overhead costs are applied to jobs with journal entries that . multiple choice question. debit work-in-process inventory and credit wages payable debit manufacturing overhead and credit factory property taxes payable debit work-in-process inventory and credit manufacturing overhead debit manufacturing overhead and credit accumulated depreciation-factory equipment
Application of manufacturing overhead costs as the total cost of all indirect expenses incurred during product production. It is included in the cost of the finished good together with the direct labor and material costs.
What is a Journal Entry ?
Journal entries are used to document business transactions in an organization's accounting records. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. After then, the general ledger is utilized to produce the company's financial statements.
Every business transaction should be recorded in at least two places, according to the reasoning behind a journal entry (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
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Well-established scientific ideas may be abandoned for new explanations due to new technologies and data. these paradigm shifts often ______.
Well-established scientific ideas may be abandoned for new explanations due to new technologies and data. These paradigm shifts often neither the general public nor scientists readily accept them.
Describe some well-established scientific ideasPerhaps the most effective theory ever developed is quantum mechanics. It has been put through rigorous testing for about 90 years, and none of them have brought its tenets into question. One of science's victories in the 20th century is this. A theory in science is a well-supported explanation of a particular phenomenon in the natural world that is based on a body of facts that has been consistently verified via observation and experiment. Such ideas are not "guesses," but rather trustworthy descriptions of reality. The appearance of an X-Ray imprint of a DNA molecule, which led to the understanding of the structure of DNA.
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. using the information from the first two steps, grey should work with his staff to come to a consensus and develop a plan of action. because grey has used the stakeholder theory to inform his decision making, he has evaluated the protentional outcome for:
Because Grey has used the stakeholder theory to inform his decision making, he has evaluated the protentional outcome for: shareholders, employees, vendors, customers, and the community
What is the stakeholder theory?Stakeholder theory contends that shareholders are simply one of many stakeholders in a firm and was first introduced by Dr. F. Edward Freeman, a professor, in his seminal book, "Strategic Management: A Stakeholder Approach." According to this notion, the stakeholder ecosystem includes all parties invested in, involved with, or impacted by the corporation, including its employees, vendors, governmental organizations, and environmentalists close to its facilities. According to Freeman's idea, a firm achieves true success when it satisfies all of its stakeholders, not just those who stand to gain financially from its shares. Stakeholder theory is beneficial because it increases and broadens the group of individuals who have a "stake" in the decisions that management takes.
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The deeds of some people are extraordinary, but not so extraordinary that other employees cannot perform the same deeds. these people are referred to as?
The deeds of some people are extraordinary, but not so extraordinary that other employees cannot perform the same deeds. these people are referred to as managers.
The maximum easy not unusual regulation definition of an employee is someone you rent and pay everyday wages to perform a specific task, with the business enterprise controlling how the to portray is done. For personnel, a commercial enterprise organization has to withhold earnings taxes and pay Social security, Medicare taxes, and unemployment taxes on any wages paid.
Employee motive is the sensation that means personnel has withinside the again in their artwork and the manner their values align with a business organization. it's miles all approximately permitting and inspiring personnel to hold cause to their expert surroundings and running life.
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All of the following entities are typically included in the supply chain except:_______. group of answer choices
a. suppliers
b. public relations
c. consumers
d. project team
All of the following entities are typically included in the supply chain except public relations.
A supply chain is the network of all the people, agencies, sources, sports, and technology worried about the appearance and sale of a product. A supply chain encompasses the entirety from the shipping of delivered materials from the provider to the manufacturer through to its eventual delivery to the give-up user.
Integration, operations, buying, and distribution are the 4 elements of the supply chain that work collectively to establish a route to competition that is each rate-effective and competitive. communicating and taking elements with all activities is a company method that removes errors and saves money.
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When a revenue or an expense event is recognized after cash has been exchanged it is referred to as:______.
When a revenue or an expense event is recognized after cash has been exchanged it is referred to as Deferral.
Deferral definition. the act of postponing to a time in the future. synonyms: postpone, postpone. Types: deferred. the act of delaying to another time or place.
Deferral is an amount paid or received before a product or service is delivered. Here are some examples of delays: Premiums. Subscription services (newspapers, magazines, TV shows, etc.) This mortgage reduction option moves past due amounts from missed payments to the end of your loan term so you can keep it. make monthly payments while bringing your loan back to its current state.
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in the nonstrategic view of bargaining a. the second-mover usually gains more b. the outcome depends on which mover can commit to a strategy c. the first-mover usually gains more
The gains are usually split evenly.In a non-strategic view, the gains are generally distributed equally among the partie
Strategic planning is the process through which an organisation determines its strategy or direction and decides how to allocate its resources to achieve its strategic goals. It might also include constraints for directing how the plan is put into action. In the 1960s, firms started to prioritise strategic planning, which is still a crucial component of strategic management today. It is carried out by strategic planners or strategists who conduct extensive study and analyse the company and how it interacts with its competitive environment. Although there are numerous definitions of strategy, creating strategic goals is typically included.
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The operations manager performed a routine check of all manufacturing equipment. does the preceding sentence use the active or the passive voice?
The operations supervisor performed a recurring test of all manufacturing gadgets. the preceding sentence uses the active or the passive voice: Passive voice.
Passive voice production is a grammatical voice production that is discovered in many languages. In a clause with passive voice, the grammatical situation expresses the subject or patient of the principle verb – this is, the man or woman or aspect that undergoes the motion or has its kingdom modified.
A verb is in the passive voice whilst the situation of the sentence is acted on with the aid of the verb. for example, in “The ball turned into thrown by way of the pitcher,” the ball (the difficulty) receives the action of the verb, and was thrown is inside the passive voice.
Passive voice is whilst a sentence puts the direct object earlier than the verb, and the challenge after the verb. In other words, a passive sentence emphasizes the consequences (or the recipient) of the motion, rather than the issue that dedicated the movement.
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marketing benefits the organization, its stakeholders, and society at large by offerings that have value for customers? (check all that apply)
marketing benefits the organization, its stakeholders, and society at large by offerings that have value for customers are communicating, delivering and creating.
A party with an interest in a business and who may have an impact on or be affected by it is referred to as a stakeholder. Investors, employees, clients, and suppliers make up a typical corporation's main constituencies. The idea has now been expanded to encompass communities, governments, and trade groups due to the growing focus on corporate social responsibility. Internal and external stakeholders are both possible for a company. Individuals with an interest in a firm who have a direct connection, such as employment, ownership, or investment, are referred to as internal stakeholders. Those who do not directly work for a company but are nonetheless impacted by its decisions and results are known as external stakeholders. External stakeholders include vendors, borrowers, and civic organisations.
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keisha invested her savings in two investment funds. the that she invested in fund a returned a profit. the amount that she invested in fund b returned a profit. how much did she invest in fund b, if both funds together returned a profit?
If keisha invested $10,000 in fund A and it returned a profit of 10%, then she would have earned $100 back. Similarly, if fund B had also returned 10% ($1,000), then she would have made an additional $110 from her 10 in Fund B alone. So together, the two funds would have generated a total return of 20%.
what do you mean by investment funds?An investment fund is a collection of money that has been pooled together to invest in different types of assets. These can include stocks, bonds, commodities, and real estate. The aim of an investment fund is to provide stability and moderate growth by investing the money collectively. This allows for the funds to be managed more efficiently than if they were invested individually, leading to greater returns over time.
Since there are many different kinds of investments available, it can be hard to decide which one may be best for you. That's why it's important to speak with a financial advisor who will help you choose the right funds based on your needs and objectives.
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Suppose a country is abundant in capital and the relative price of the good that intensely uses capital for its production increases. the stolper-samuelson theorem predicts that it will?
Suppose a country is abundant in capital and the relative price of the good that intensely uses capital for its production increases. The Stolper-Samuelson theorem predicts that it will: see wage decreases for labor, because of the higher demand for the good that uses capital intensively.
The Stolper-Samuelson theorem states that there are winners and losers from the liberalization of international trade. Losses, in keeping with the framework, are in the form of lower wages for employees hired in import-competing sectors.
The Stolper–Samuelson theorem is intently related to the issue price equalization theorem, which states that, regardless of global element mobility, component costs will generally tend to equalize throughout countries that do not fluctuate in technology.
A country this is capital abundant country is capital abundant relative to every other us and if it has a better capital endowment according to exertions endowment than the opposite country is one this is properly endowed with capital relative to the opposite country.
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at its core, marketing is based on people or organizations engaging in exchanges with others people or organizations.
At its core, marketing is based on people or organizations engaging in exchanges with others people or organizations, is a correct statement.
What is marketing in business?Marketing is the core and main activity in the business, it is an essential part of the process to make the profit and be in the business in the long run. It is accountable for the entire process of making the product.
Marketing is the process of creating, communicating, delivering, and exchanging products and services that are beneficial to customers, clients, partners, and society as a whole.
Thus, it is a correct statement.
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Applying the same marketing strategy across multiple submarkets is the basis of the ______ target market approach.
Applying the same marketing strategy across multiple submarkets is the basis of the combined target market approach.
What is a market approach?Using the selling prices of comparable assets, the market approach is a technique for estimating an asset's value. It is one of the three widely used methods of valuation, along with the cost approach and discounted cash-flow analysis (DCF).
Whatever the asset types, the market technique examines previous sales of comparable assets and adjusts for variations between them. Considerations like the unit's square footage, the building's age and location, and its amenities might be adjusted for when real estate is valued, for instance.
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small amount of money in an interest-earning account for three years, doesn’t plan on withdrawing the funds, and wants them to stay in the account until the end of the third year.
As the requirement is to hold the fund for 3 years, he/she shall choose the negotiable CD as the interest rate will be higher and cannot be redeemed before the maturity period.
What is a Certificate of Deposit?A certificate of deposit (CD) is a savings instrument that yields interest on a one-time payment for a predetermined amount of time. In contrast to savings accounts, CDs require that the money remain untouched for the duration of the term in order to avoid penalty fees and lost interest. In order to compensate for lost liquidity, CDs often pay greater interest rates than savings accounts.
A majority of consumer financial institutions provide certificates of deposit (CDs), but it is up to each bank to decide what terms it wishes to give, how much higher the rate will be than the bank's savings and money market products, and what penalties it will impose for early withdrawal.
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Identify the data set's level of measurement. number of milligrams of tar in 30 cigarettes.
Ratio the data set's level of measurement. number of milligrams of tar in 30 cigarettes.
To measure a particular data set, use a nominal scale to obtain categorical data and an ordinal scale to obtain ordered or ranked data. Interval scales are used to capture data that can be measured on a Likert scale, while ratio scales are used to capture data containing real or fractional numbers. Given the question, the number of milligrams of tar in 85 cigarettes can be fractional or real, so a ratio scale is used to measure the same.
The four lowest to highest data measurement levels are nominal, ordinal, interval, and ratio.
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bergo bay's accounting system generated the following account balances on december 31 prepare a revised list of account balances as of december 31
An accounting system is a fixed of accounting tactics with integrated approaches and controls. The purpose of an accounting gadget is to record enterprise transactions, summarize those transactions into an aggregated form, and create reports that may be utilized by decision-makers to screen, analyze, and improve operations.
BERGAMO BAY corporation
listing of Account Balances
December 31
Debit
credit score
cash
$80,000
accounts receivable
$forty nine,000
raw substances stock
($29,500 - $4,300 - $7,seven-hundred - $2,000)
$15,500
work in technique inventory (be aware)
$fifty two,000
finished goods stock
$6,000
prepaid lease
$2,000
debts payable
$nine,900
manufacturing facility wages payable
($5,000 + $15,000 + $5,000)
$25,000
Notes payable
$12,900
common inventory
$20,000
Retained income
$eighty four,000
income
$223,seven hundred
cost of products bought (be aware 2)
$113,000+$thirteen,000
$126,000
fashionable and administrative charges
$45,000
Total $375,500
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Indicate some of the users and the information they are most directly concerned with in economic decision-making.
Economic decisions affect production, distribution, exchange, consumption, saving, and acquisition of economic resources. Economic decisions are made to fit the purposes of individuals and private organizations (private goals) and community as a whole (public goals).
What are the 5 steps in financial decision making?1) Describe the problem
2) Determine possible alternatives
3) Develop criteria and a scale system
4) Consider alternatives against the criteria
5) Make a conclusion.
The financial statements are the only basis of knowledge when making economic decisions. The accounting procedure of assigning numbers, commonly in financial terms, to the economic transactions and events is referred to as ranking.
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How+much+should+you+pay+for+a+$1,000+bond+with+10%+coupon,+annual+payments,+and+5+years+to+maturity+if+the+interest+rate+is+12%?
We should pay for a $1,000 bond with a 10% coupon, annual payments, and 5 years to maturity if the interest rate is 12% $927.90.
The annual interest rate is the term used for all bills which can be made annually. payments are made yearly due to the nature of the monetary cycle. a few payments are made as soon as a year. Annual payments might also encompass income an emolument that is paid once a year.
Par value = $1,000
Coupon payments = 10% of 1,000 = $100
Number of years (n) = 5 years
Interest rate (r) = 12%
Bond price = Coupan payment × [tex]\frac{9 1 - ( 1 + 0.12)^{-5} }{0.12}[/tex] + [tex]\frac{1,000}{( 1 + 0.12)^{5} }[/tex]
= 360.4776 + 567.4269
= $927.90
Disclaimer:- your question is incomplete, please see below for the complete question.
Q. How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity if the interest rate is 12%?
A) $981.40
B) $1,075.82
C) $1,000.00
D) $927.90
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Discuss possible ways to influence and motivate employees within an organization in regard to information security.
Despite having a wide range of security measures at their disposal, computer users frequently engage in activities that pose security and privacy hazards, both at home and at work. Avoiding authoritative, icy directives in favor of sympathetic security communications that offer options for how employees can better protect information and respond to dangers can help information security managers and supervisors motivate staff to act more securely. Information systems administrators should steer clear of messaging that is overly directive and instead concentrate on various approaches to information security and threat response.
In order to maintain integrity, confidentiality, and availability, information and information systems must be protected from unauthorized access, use, disclosure, interruption, alteration, threat, and destruction.
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analysis, formulation, and implementation are the pillars of research and knowledge about strategic management. this activity is important because a successful strategy results when managers perform these actions interdependently. for example, effective managers do not formulate strategy without thinking about how to implement it. likewise, while implementing strategy, they are simultaneously analyzing the need to adjust to changing circumstances.
Analysis How does the firm make money?
( It forms part of Strategy analysis which looks at the competitive advantage and business models)
How to illustrate the information?Analysis- What is the firm's process for creating strategy and how does strategy come about?
( It forms part of strategic leadership and strategy process)
Analysis How should the firm leverage its internal resources, capabilities, and core competencies for competitive advantage?
( This form part of the strategic analysis, as it carries out internal analysis by evaluating internal resources, capabilities, and core competencies)
Formulation: How should the firm compete in the cost leadership, differentiation or value innovation?
( This form parts of Strategy formulation as it helps in the analysis of the business strategy and deciding which strategy to pursue )
Formulation- Should the firm compete in the industry, markets or geography?
(This form parts of formulation as it helps in the analysis of the corporate strategy)
Formulation -Should the firm compete locally ,regionally, nationally or internationally ?
( This forms part of firm’s International strategy for geographical operations )
Implementation How does the firm anchor strategic decisions in business ethics?
(this forms part of the implementation strategy in which it indicates how the strategy is put into action by ensuring a business ethics code in the overall structure )
Implementation-What type of corporate governance is effective?
( Along with business ethics, corporate governance it forms part of the Strategic implementation)
Implementation: How should the firm organize to turn the formulated strategy into action?
( This forms part of Strategic implementation, as it captures the organizational design).
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Operating leverage is a measure of how sensitive ______ is to a given percentage change in sales dollars.
Answer: net operating income
Explanation: