Alpha testing is used by the company to assess whether the product will perform according to its design and whether it will meet the requirement for which it was designed.
What is Alpha testing?Alpha testing is used by the company to assess whether the product will perform according to its design and whether it will meet the requirement for which it was designed. Alpha testers examine the inner workings of the technology, a process known as; white box testing. Participants in alpha tests are often engineers with the requisite skills to provide developers with technical comments and recommendations on how to fix what's broken.
Products often go through multiple phases of testing before being released to the general public. The alpha test phase is inextricably linked to proof of concept initiatives. The practice of distinguishing internal testing from customer-facing testing by using the first two letters of the Greek alphabet started in software development, but the labels are now used by product engineers across many sectors.
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consider stocks with the following statistics: return and volatility asset a b c d expected return 3% 5% 13% 15% volatility 15% 15% 29% 25% correlation matrix asset a b c d a 1 0.12 0.62 0.03 b 0.12 1 0.03 0.37 c 0.62 0.03 1 0.29 d 0.03 0.37 0.29 1 if the risk-free rate is 1%, what is the shape ratio of the optimal risky portfolio? please round your answer to 2 decimal places.
The shape ratio of optimal risky portfolio = 05.36%
The optimal risk portfolio is set up at the point where the CAL is digression to the effective frontier. Risk portfolio asset weight combination gives the stylish threat- to- price rate, as it has the loftiest pitch for CAL
Evaluating :
Return and volatility
Assets A B C D
Expected return 3% 5% 13% 15%
Volatility 15% 15% 29% 25%
Rp = ∑(Wi × Pi ) [ it is equally weighted ]
( 0.25 × 0.3 ) + ( 0.26 × 0.5 ) + ( 0.25 × 0.13 )
= 0.0536
Rp = 0.0536 = 05.36 %
Hence Risk portfolio = 05.36 %
Volatility :
Volatility is a statistical measure of the dissipation of returns for a given security or request indicator. In utmost cases, the advanced the volatility, the unsafe the security. Volatility is frequently measured from either the standard divagation or friction between returns from that same security or request indicator.
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4. what two main types of by-products are produced in fermentation? (note: please change all question marks to checkmarks for correct answers or empty boxes for incorrect answers.)
The two main types of by-products are produced in fermentation are
NAD+. ethanol and carbon dioxideWhat is fermentation?Generally, Fermentation is a kind of metabolic activity that, as a result of the action of enzymes, results in the production of chemical changes in organic substrates.
In the context of biochemistry, it is referred to in a more limited meaning as the process of obtaining energy from carbohydrates in the absence of oxygen. This is because the biochemistry context places greater emphasis on the lack of oxygen.
During the fermentation process, an organic electron acceptor (such as pyruvate or acetaldehyde, for example) will combine with NADH to form NAD+. This reaction will take place.
In conclusion, This reaction also results in the production of byproducts like carbon dioxide and ethanol (in the case of ethanol fermentation) or lactate (in the case of lactic acid fermentation).
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alicia has to order copier toner again, so she consults the online catalog of the company's office supply vendor to see if either of her preferred brands is on sale. what type of decision is this?
The type of decision that Alicia used to order the copier toner again is a programmed decision.
What is a programmed decision?Programmed decision-making is described as the form of decision-making in which a rule or a plan has already been set, and such decision-making is repeated. This means that the same type of decision has already been taken in the past.
In this scenario, Alicia has to order a copier toner, and this is why she is going through the catalog to see if there are any sales on the products from the brands she prefers. Alicia seems to prefer a specific brand, and she has some good experience with the brand. This is why she is again looking for products from this brand.
It can be concluded that the type of decision that Alicia used to order the copier toner again is a programmed decision.
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thinking about how biomass energy sources are produced and used to generate electricity, why is biomass the biggest source of non-conventional energy in the united states today, despite massive investments in solar energy?
Despite significant efforts in solar energy, biomass is the most important source of non-conventional energy in the United States today because it can be replenished relatively rapidly without irreversibly destroying Earth's natural resources. The majority of biomass power is generated by direct burning.
What is Biomass energy?Biomass is a plant-based resource that is used as a fuel to generate heat or power. Wood and wood leftovers are examples, as are energy crops, agricultural residues, and garbage from industry, farms, and households. Because biomass may be used directly as a fuel (for example, wood logs), some people use the terms biomass and biofuel interchangeably. Others combine two terms into one. Biofuel is defined by government agencies in the United States and the European Union as a liquid or gaseous fuel used in transportation. The Joint Research Centre of the European Union defines solid biofuel as "raw or processed organic materials of biological origin utilized for energy," such as firewood, wood chips, and wood pellets.
Some of the benefits of biomass energy include:
As a renewable energy source, biomass is always and abundantly available.It emits no greenhouse gases.It lessens our dependency on fossil fuels.Is less costly than fossil fuels.Manufacturers gain income from biomass generation.There is less rubbish in landfills.To know more about biomass energy, visit
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mark's manufacturing's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days. assuming a 365-day year, what is the length of its cash conversion cycle? a. 78 days b. 67 days c. 74 days d. 63 days e. 70 days
The Length of the cash conversion cycle will be equal to 74 days.
Cash conversion cycle may be defined as the measure of risk of liquidity that comes as a result of growth of a business. It is also referred as how long a firm will be deprived of cash if it decides to increase amount it spends on inventory to expand customer sales. The Cash conversion cycle is also the measure of how long a business takes to convert the items of inventory from sales to cash flow. Many Companies use the trick, and they shorten CCC by encouraging the payments from upfronts and keeping repayment of credit less than 30 days. The formula of Cash conversion cycle is expressed as
CCC = Days of sales outstanding + Days of inventory outstanding - Days of payables outstanding
CCC = 45 + 69 - 40
CCC = 74 days
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richard sands is the ceo of constellation brands, the world's largest wine producer. he has the legitimate power and right to make decisions about how the division is run and to influence others to carry out these decisions. he has:
The Appropriate Response is Authority which is Stated in Choice A.
What is full form of CEO?
The full form of CEO is Chief executive officer. The highest-ranking individual employee within a business is called the CEO (Chief Executive Officer). They are an employee in the sense that they work for the company rather than being elected by shareholders, but they are not your average employee; they have a lot of power and influence within the company.
The CEO of Constellation Brands is Richard Sands. A chief executive officer thereby occupies the highest position within an organization or association.The CEO is responsible for making important executive decisions as well as for the overall success of a company or other organization. They may seek input on important decisions, but they are undisputed experts when it comes to coming to final decisions.
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Brickhouse is expected to pay a dividend of $2. 50 and $2. 20 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 2. 6 percent. What is the stock price today if the required return is 10 percent?.
$35.2 is the stock price today
A share price is the cost of one equity share among many sellable shares of a corporation.
How to calculate stock price ?A share price is the price of a single share of a company's sellable equity shares. In layman's terms, the stock price is the highest amount that someone is willing to pay for the stock, or the lowest amount that it can be purchased for.
A share's price is determined by supply and demand. If demand is high, it will rise, and if demand is low, it will fall. Stock prices are determined by the bid and ask price of the stock. A bid is an offer to purchase a specific number of shares at a specific price. An ask is a request to sell a specific number of shares at a specific price.
To determine how valuable the shares are for traders, multiply the last updated value of the company share by the number of outstanding shares. The price to earnings ratio is another method for calculating the share price.
The company's shares are first issued in the primary market; an Initial Public Offering (IPO) is made to the general public to raise funds to meet capital requirements. The initial share price is determined in an IPO by taking the firm's performance and net present value into account.
Calculating answer for given question :
P2 = [$2.20(1 + .026)]/(.100 - .026) = $30.50
P0 = $2.50/1.00 + ($2.20 + 30.50)/1.00 = $35.2
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Deposits are insured by the federal deposit insurance corporation up to _____________ per depositor.
Deposits are insured by the federal deposit insurance corporation up to $250,000 per depositor
What is federal deposit insurance corporation?The Federal Deposit Insurance Corporation (FDIC) is a government organization established in 1933, at the height of the Great Depression, to provide bank depositors with protection and to uphold public confidence in the nation's banking system.
Deposits are insured by the FDIC, which also oversees receiverships, makes huge and complicated financial institutions resolvable, and inspects and supervises financial institutions for safety, soundness, and consumer protection. The FDIC has been successful in preserving public trust in the banking system by practically every metric. Large-scale cash demands made by apprehensive depositors were frequently the end of banks that may have survived before the FDIC was created.
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when a company is starting up, it likely needs to borrow startup funds. a key advantage of borrowing from global capital markets is that it blank . multiple choice question. lowers the borrower's cost of capital increases the borrower's cost of capital lowers an investor's cost of capital decreases the paperwork involved in borrowing money
When a company is starting up, it likely needs to borrow startup funds. a key advantage of borrowing from global capital markets is that it lower's the borrowers cost of capital.
The cost of capital is the minimum return a business must achieve to be able to justify investing in a capital budgeting project, like constructing a new factory.
Analysts and investors refer to cost of capital, but it is always an assessment of whether the costs associated with a planned choice can be justified. A comparison of an investment's prospective return to its cost and hazards is another way that investors may use the phrase.
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what type of decision making are you engaged in when you are not looking for the very best alternative, but instead accept the first alternative that meets minimum requirements?
Satisficing is the type of decision making we are engaged in when you are not looking for the very best alternative, but instead accept the first alternative that meets minimum requirements.
Rational decision-making is related to satisfying, however satisfying differs in that the decision-maker accepts the first alternative that satisfies the minimum standard in order to save time and effort rather than making the best choice and maximizing the potential outcome.Satisficing refers to choosing the conclusion that is more acceptable or satisfactory than the best when making decisions. Instead of making every effort to reach the ideal outcome, satisficing focuses on making reasonable efforts when presented with tasks.Here are a few instances of how satisficing really functions for the typical person: locating the best deal. Shopping for deals is a sensible idea, but going overboard is not. Saving money on petrol, for instance, makes logical, but not if you travel all over town looking for the best deal.Thus this is the meaning of Satisficing.
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larry is looking to add a real estate investment to his portfolio that is publicly traded on the exchanges, thereby offering him diversification and marketability. he has decided that a real estate investment trust (reit) is the best choice and asks his financial planner for information about the reits available for purchase. based on larry's request, the financial planner explained the various investment choices. which of these was incorrectly stated by his financial planner? a) mortgage reits finance real estate ventures by making loans to develop property or finance construction. b) hybrid reits are a combination of equity reits and mortgage reits. c) equity reits acquire real estate for the purpose of renting the space to other companies, thereby generating income. d) for the shareholders, income received is considered passive income.
The statement which is incorrectly stated by his financial planner is- for the shareholders, income received is considered passive income.
What is a Passive Income?
Earnings from a rental property, limited partnership, or other business in which a person is not actively involved are considered passive income. Passive income is often taxed, just like active income, but the Internal Revenue Service (IRS) frequently treats it differently.
What is a dividend?
A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.
The dividend yield, which is the dividend per share, is stated as a percentage of the share price of a corporation, for example, 2.5%.
Dividends do not fit the Internal Revenue Service's definition of passive income even though they do not require the shareholder to actively participate in the process of obtaining them (IRS).
Being classified as passive income has advantages since it is subject to capital gains tax, which is substantially less expensive than ordinary income tax.
An investor would ideally want to pay taxes at the capital gains tax rate.
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pkr inc. is launching its new product in the market. the managers at pkr want to price the product in a way that would enable the company to recover the investments made toward developing the product. which pricing strategy would be most effective for pkr inc.?
Price skimming strategy would be most effective for pkr inc. It would enable the company to recover the investments made toward developing the product in which new product prices are set high.
What exactly is price skimming?
Skim pricing, also defined as price skimming, is a monetization strategy in which new product prices are set high and then reduced as rivals enter the market. Skim pricing is the inverse of penetration pricing, which involves pricing newly launched products low in order to build a large customer base from the start.
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global outfitters outlet and holly, a consumer, enter into a contract for a sale of camping gear. if the contract includes a clause that is perceived as grossly unfair to holly, its enforcement may be challenged under
If the contract includes a clause that is perceived as grossly unfair to holly, its enforcement may be challenged under : The doctrine of unconscionability
What is a contract?A contract can be defined as a form of agreement enter into by two or more people in which the parties involve in the contract tend to agreed with the terms and condition of the contract.
A contract can tend to include a clause when the contract is unfair to one of the party involve in the contract, making it possible for the court of law to consider the contract as unconscionable which in turn implies that the court of law will not enforce the contract .
Therefore a contract that has a doctrine of unconscionability will be unenforceable.
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which of the following is true of ethics and its application to the business environment? conflicts rarely occur between an individual's ethics and a business organization's ethics. employers prefer to hire individuals whose ethics conflict with that of the business organization. personal values have no place in business, where decisions should be made according to organizational values and norms. the ethical norms and values of a business can have a powerful influence on its employees.
The ethical norms and values of a business can have a powerful influence on its employees is true of ethics and its application to the business environment.
Business is the practice of making one's living or earning profits by way of producing or buying and promoting merchandise. it's also "any activity or agency entered into for income."
A commercial enterprise is described as an business enterprise or enterprising entity engaged in business, industrial, or professional activities. companies may be for-earnings entities or non-earnings organizations. Commercial enterprise kinds variety from restricted legal responsibility organizations to sole proprietorships, companies, and partnerships.
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define what a voucher is by completing the following sentence. a voucher is an (internal/external) document (or file) used to accumulate information to (reduce/control) cash payments and to ensure that a transaction is properly recorded.
A voucher is an internal document used to accumulate information to reduce cash payments and to ensure that a transaction is properly recorded.
A voucher is any written record that attests to the correctness of the accounting for the transaction and the entries made in the account books. For instance, a bill, an invoice, a receipt, a pay slip counterfoil, a check book counterfoil, or a trust deed. An internal document called a voucher describes and authorizes the payment of a supplier's liability. The manual payment system, where it is a component of the control system, is where it is most frequently employed.
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Answer: internal and control
Explanation:
you manage a work group of ten secretaries who take turns answering phones, sorting mail, and typing and filing correspondence. using the job characteristics theory, how can you assure that this team is happy and productive?
Ten secretaries operate under one supervision and alternate between taking calls, sorting mail, typing correspondence, and filing it. According to the job characteristics idea, the only way to teach children about DNS satisfaction and connectedness is to offer them discretion about how to organize their work.
What is satisfaction?Customer satisfaction is important. Because it shows if your target audience appreciates what you're doing, customer satisfaction is crucial. High customer retention, greater lifetime value, and a stronger company reputation are all correlated with high satisfaction, according to research.
The theory behind job characteristics contends that giving kids freedom over how to arrange their work is the best way to teach them about DNS happiness and connectedness.
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since 1984, foreign holders of eurobonds are exempt from blank tax withheld from interest payments, making it more feasible for u.s corporations to sell eurobonds directly to borrowers. multiple choice question. capital interest income property
Since 1984, foreign holders of Eurobonds are exempt from income tax, withheld from interest payments, making it more feasible for u.s corporations to sell eurobonds directly to borrowers.
A financial instrument known as a "Eurobond" is one that is issued on a market or in a nation where the native currency is not used. By the currency they are denominated in, such as eurodollar or euroyen bonds, eurobonds are widely categorised. Eurobonds are frequently referred to as foreign bonds because they are offered in a different currency. Eurobonds are significant because they enable businesses to raise cash while providing the option to issuing them in different currencies. Eurobonds are typically issued on behalf of the borrower by a global syndicate of financial institutions, one of which may underwrite the bond and therefore guarantee the sale of the entire issuance.
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a country has national saving of $50 billion, government expenditures of $30 billion, domestic investment of $10 billion, and net capital outflow of $40 billion. what is its supply of loanable funds? a. $30 billion b. $60 billion c. $50 billion d. $20 billion
The supply of loanable funds is $50 billion. Thus, option c is correct.
The supply of loanable funds considers only national savings( public savings + private savings), thus the supply of funds shall be only $50 billion. The national savings is the rate that measures the amount of income that households, business, and the government saves. It looks at the difference between a nation's income and consumption.
The national savings rate is the GDP that is saved rather than spent in the economy. It is an indicator of a nation's health as it shows the trends in savings.
Hence, option c is correct, that is $50 billion.
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6. in its relatively short life span, uber has attracted a lot of media attention. why is this? what is it about the uber business model that is both compelling and polarizing? in addition, why has uber managed to achieve such a high valuation? what are the pros and cons of a high valuation?
In general, media attention stems from both being famous and being infamous. Uber attracts media attention not only because it has become one of the most innovative taxi services of all time, but also because its aggressiveness
Some of its policies are frequently scrutinized and criticized by people. This results in a compelling and divisive view of Uber. Uber is no longer just the on-demand cab service we once knew.
It has also dabbled in other areas, such as Uber Eats (on-demand food delivery) and Uber Freight (on-demand trucking).
To keep things simple, we'll concentrate on Uber's core business of ridesharing - its business model and how it makes money. To put it simply, Uber is a digital aggregator app platform that connects passengers in need of a ride from point A to point B with drivers willing to serve them.
"Passengers" create demand, "Drivers" supply demand, and "Uber" acts as the marketplace/facilitator to make it all happen on a mobile platform. Uber's model has enabled it to generate strong value propositions for both passengers and drivers to join its platform and disrupt the taxi/cab industry.
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a sales invoice included the following information: merchandise price, $5,000; freight, $900; terms 1/10, n/eom, fob shipping point. assuming that a credit for merchandise returned of $700 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?
The seller should receive $5157 in cash
Companies frequently provide their clients with payment terms that include a discount for prompt payment of the invoice. For instance, if the payment conditions are 2/10, n/30, it implies that you may decrease the payment by 2% if you pay the invoice within 10 days of the due date; otherwise, you must pay the invoice in/between 30 days without any reduction in the invoice amount for any kind of discount.
The original invoice is for the amount = $5000. Subtract the $700 credit for the merchandise returned, and the net balance is $5,000 - $700 or $4,300. If the invoice is paid with the discount period, the amount of the payment on the invoice is $4300 * 0.99 = $4257. Add to the $4257 the prepaid freight of $900 and you get the final payment will be $5157.
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a trainee appraiser just completed the required 75 hours of qualifying education and now has three supervisory appraisers to interview. the trainee appraiser wants to research the supervisor appraisers prior to the interviews. where is a good place to start?
The good place to start research about supervisor appraiser by the trainee appraiser is ASC national registry.
The word "supervisor" or "lead" refers to a relatively low management position that is primarily centered on authority over employees or a workplace. Other names for this position include foreman, leader, overseer, mediator, monitoring, area coordinator, line-manager, and even sometimes gaffer. A lecturer who supervises a PhD dissertation is an example of a one of the most senior staff members who can serve as a supervisor. On the contrary side, supervision can be done by an employee without this actual designation, such as parents.
Any employee who is assigned this obligation as part of their position description can be referred to using the term "supervisor" by itself. right.
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john works at an electric power company. he always take breaks at 12:30 pm. he asks permission when he wants to use the restroom. john must be a(n) employee.
John must be a working class employee since he is taking breaks at times in the electrical power company.
What is a company and who is an employee and what employee is john in here?A company is a collaboration of ideas running in parallel with trends and generations with employees and CEO.An employee is work man or woman of a company working for the company and getting paid for that.Here John is working in an electric power company, and always take breaks at 12:30 pm specifically on time.There are few categories of employees working in a company , and paid according to the lead.John is a working class employee because he is taking a break from the work and then resuming .To know more about company visit:
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anheuser-busch may choose to segment its market based on heavy, moderate, and light drinkers of its alcoholic beverages. this is an example of market segmentation based on
Its alcoholic beverages. This is an example of market segmentation based on behavioristic variables.
Based on demographics, needs, priorities, shared interests, and other psychographic or behavioral criteria used to better understand the target audience, market segmentation divides a market into subsets.
What is the purpose of market segmentation?the segmentation of a market into groups based on consumer knowledge and behavior regarding a specific product. Benefits sought, user status, usage frequency, level of loyalty, and buyer readiness stage are behavioral variables that are frequently used to divide markets into subgroups.Based on demographics, needs, priorities, shared interests, and other psychographic or behavioral criteria used to better understand the target audience, market segmentation divides a market into subsets. You can use this targeting in your product, sales, and marketing strategies by understanding your market segments.To learn more about : Market segments.
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Dante went to school to laern about hvac systems he laernred aerned a dagree that certifies he know's how to correctly and safley install larg ari condining units what compeny
A large construction company building a new hospital in the Architecture and Construction career cluster that might be interested in hiring Dante .
What is career?This is the specialized job that a person has that allows him to earn a living.Variable-air-volume (VAV) systems with a packaged rooftop unit are three of the most commonly used systems for commercial buildings. System components include a chiller, a cooling tower, and a boiler. Water-source heat pump systems that include a cooling tower and a boiler.As a result, we can see that the company in the Architecture and Construction career cluster that may be interested in hiring Dante is a large construction company that is constructing a new hospital.This is due to his HVAC system certification, and the hospital would require several air-conditioning units.To learn more about careers refer to :
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Answer:
A large construction company building a new hospital
Explanation:
I took the test
What are some specific examples of marketing that you’ve experienced this week? what marketing strategy was used by the company?.
Some specific examples of marketing that you’ve experienced this week are:
Offering an alternative user experience.Retargeting campaigns. User-generated content. Niche-specific marketing.The marketing strategy was used by the Spotify company was the offering an alternative user experience.
What constitutes a positive user experience?UXD entails developing products (or experiences, services, etc.) from a human-centered perspective and designing an experience around the needs and preferences of the target market. Although there are numerous possible forms for this, our interactions with digital applications have given us the greatest expertise with it.
User experience explained (UX) is: Let's use an online store as an example. A customer's user experience (UX) will be poor if she views the purchasing process to be protracted, difficult, and complicated. If, however, she has a simple and hassle-free shopping experience, the UX will be deemed successful.
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multiple select question select all that apply excessive inventory on hand, especially in the work in process inventory account, may lead to blank . multiple select question. price increases in direct materials obsolete goods inefficient operations high defect rates
Inefficient operations may lead to blank.
Improper planning can range from a forget of resource deficiencies or redundancies, both on the way to produce an inefficient operation, or wrong making plans can be neglecting to organize operational contingencies need to trouble stand up.
Operational efficiency is gained thru a company by way of fee-efficiently streamlining its base operations at the same time as disposing of redundant techniques and waste.
Typically, this is executed by way of specializing in useful resource usage, production, inventory control, and distribution.
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a recessionary gdp gap is the: group of answer choices horizontal distance between full-employment gdp and equilibrium gdp amount of the recessionary or inflationary gap difference between leakages and injections all of the above
A recessionary GDP gap is a horizontal distance between full employment, GDP, and equilibrium GDP.
What is the recessionary gap?A recessionary gap is described as a difference between the potential GDP and the real GDP at the level of full employment. In other words, it can be highlighted as a gap between the full employment output and the actual production level, when the actual output level is below the natural output level.
During a recessionary gap, the unemployment rate increases. During a stage or phase of economic downturn, there is a low demand for services and goods, which leads to increased rates of unemployment. Furthermore, the situation worsens when the wages and prices remain the same. During a recessionary gap, the short-run equilibrium value is high. The business cycle contraction takes place during a recessionary gap.
It can be concluded that a recessionary GDP gap is a horizontal distance between full employment, GDP, and equilibrium GDP.
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a manager asks a dish washer to rewash dishes after determining that the sanitizing rinse was not properly made. this is an example of which step in active managerial control?
Elimination of the root causes of non-conformities or other unpleasant events in order to stop them from happening again. Preventive action: A step done, usually as a result of a risk analysis, to stop the occurrence of such non-conformities.
Explain about the corrective action?
The dismissal of the employee shouldn't be the desired result of corrective action. Corrective action should be used instead when a management or employer genuinely wishes to support and nurture progress in the worker.
When root causes have been discovered, corrective efforts are typically started. These actions can involve engineering controls, process modifications, or the usage of personal protective equipment (PPE).
Because there is a problem, corrective action is required. In order to resolve the issue and create a strong plan for the future, problem-solving approaches might be used. The difficulty is that people frequently employ inadequate problem-solving strategies, which results in shaky plans.
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when asked, owners and managers of small hospitality businesses might say they know that their employees need training whenever they hear guests complain. the principal advantage of soliciting guest feedback as a means of training needs assessment is that:
Principal advantage of soliciting guest feedback as a means of training needs assessment is that it demonstrates a property's commitment to service.
Feedback happens when a system's outputs are used as inputs again as part of a cause-and-effect circuit or loop. [1] It can thus be claimed that the system feeds back on itself. Simple causal inference concerning a feedback system is challenging because the first system affects the second, which affects the first, creating a circular argument. Offering money to someone with the express purpose of persuading them to commit a crime is the incipient crime of soliciting. Despite being on private property, door-to-door soliciting is permitted in the United States. Traveling salespeople's freedom of speech for business purposes has been upheld by the Supreme Court's decision that they had a constitutional right to be there.
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what are the advantages and disadvantages of being the first mover in an industry? give some examples of first mover and late mover firms. were they successful?
A company that initially enters a market is known as a first mover. The company launching a new product is referred to as the first mover when it debuts on the market for the first time.
As a first mover, it has the following benefits:
Since it is the only company active in the market, it has price control. As a result, a sizable economic profit is made.It is simple to increase customer loyalty to the brand. As a result, it will be possible to create a steady consumer base that will ensure the product's continued selling.With no rivals, the company will have enough time to fix any product flaws.But as a mover, there are some restrictions:
Market is completely unknown. Therefore, the company is unaware of how well the product will sell. The company will lose money if it is rejected. It must shut down for business.Since there is no competition, the firm does not feel any need to increase quality or productivity. Customers miss out on better products at reduced prices as a result.The cost is high owing to monopoly. A large number of potential buyers won't be able to purchase. Maximum economic welfare is not achieved.Here are a few instances of early adopters who have achieved success in business:
E movers The company was the first to launch an online auction. Specifically, 1995.The pioneer in the soft drink sector is the multinational Coca-Cola.Learn more about First mover, here
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