for five years, willard insurance group offered $500 bonuses to individuals who identified ways to reduce costs by at least $1,000 per year. in the first year of that incentive program, 31 employees earned the bonus, but last year, only 14 submitted ideas, and only three of the ideas would actually save more than a few dollars. the company's hr director suggests that the company is likely to see more improvement if it replaces individual incentives with a gainsharing plan. which statement best supports this argument? group of answer choices gainsharing measures oversimplify the complex responsibilities of production work. gainsharing succeeds regardless of whether employees understand how performance is measured. gainsharing broadens employees' horizons beyond the range of activities they can influence. gainsharing is likely to succeed under almost any organizational conditions. gainsharing expands employees' thinking beyond their individual interests.

A purely competitive industry has a very large number of sellers, whereas the other three market structures reflect a progressively smaller or decreasing number of sellers.

What are three examples of a market that is only competitive?

Agrarian goods like corn, wheat, and soybeans are excellent examples of a market that is purely competitive. Monopolistic competition is similar to pure competition in that it has few barriers to entry and many suppliers.

What exactly is a product whose market is only competitive?

The characteristics of a market with pure competition the products that are sold are identical. Every seller is the same. It is simple for new businesses to enter the market. Products are priced according to what customers are willing to pay.

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'A Bond is a fixed-income investment representing a loan from an investor to a borrower.

A bond refers to any type of investment in which the borrower or issuer is obliged to make fixed payments according to a set schedule. For example, a borrower may be required to pay interest once a year at a fixed rate and repay the principal when due.

Fixed Income is an investment approach focused on preserving capital and income. This typically includes investments such as government bonds, corporate bonds, CDs, and money market funds. Fixed-income securities can provide a steady income stream with less risk than stocks.

Fixed Income is an investment approach focused on preserving capital and income. This typically includes investments such as government bonds, corporate bonds, CDs, and money market funds. Fixed-income securities can provide a steady income stream with less risk than stocks.

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The simplest explanation is that banks accept money from savers and lend it to borrowers. This is not how the process works at all. Banks are not required to wait for a deposit from a customer before making a new loan to someone else.

Commercial banks' ability to create new money has numerous implications for economic prosperity and financial stability.

Although useful in other ways, capital adequacy requirements have not and do not limit money creation, and thus do not necessarily serve to limit the aggregate expansion of bank balance sheets. In other words, they are largely ineffective at preventing credit booms and the asset price bubbles that accompany them.

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The examples when matched with their market structure, gives:

Perfect ( pure) competition:

Monopolistic Competition:

Oligopoly:

Monopoly:

Pure or perfect competitions is a market structure type that allows for unlimited competition between sellers. This is the case for farms as almost anyone can farm.

There are monopolistic markets where there are many sellers but the products are differentiated as is the case with food carts which sell different foods. Shoe shops would also make different shoe designs.

Oligopolies are those where a few companies control the market. We see this with the cell phone market with networks like Sprint and Verizon.

There are also monopolies which are the only ones in a market like drug companies with patents or electricity companies.

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Trucking LLC enters into a contract to deliver a certain quantity of potatoes to United Foods's refrigerated warehouse in exchange for a specified payment. Trucking delivers substantially all of the spuds to the location. United's duty to pay is absolute.

Also called Cold Store. Items are kept in warehouses; goods that must be kept at specific temperatures to stay fresh are kept in refrigerated warehouses. Insect damage, rotting, and sprouting are all prevented by refrigerated storage.

Storage in a fridge. Refrigerators in homes should be maintained at or below 40°F (4°C). Keep an eye on the temperature using a thermometer for the refrigerator. Refrigerator temperatures should be set between 1°C and 4°C (34°F to 40°F) to prevent unintentional food freezing.

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It is true that reverse innovation occurs when company produces a drastically simplified version of the product due to lack of its purchasing power or usage conditions.

Focusing on the demands and needs for affordable products in nations like India is the first step in the reverse innovation process. When goods are created for these markets, they are then sold elsewhere—even in the West—at low prices, opening up new markets and applications for these innovations. A reverse innovation, also known as a trickle-up innovation, originates in the developing world and is first observed or used there before being adopted by the industrialized world. Professors Vijay Govindarajan, Chris Trimble, Jeffrey R. Immelt, all of Dartmouth, and General Electric all contributed to the term's widespread use. The book Reverse Innovation was later released by Vijay Govindarajan and Chris Trimble. Reverse innovation is the process by which goods are created as low-cost models to meet the needs of developing countries, such as battery-operated medical equipment in nations with limited infrastructure.

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The monetary value of an object that takes into account the item's age and condition is called actual cash value. It is calculated by adding up the cost of replacing the item and deducting the amount by which its value has declined over time.

How to calculate depreciation:

Age of the furniture + (Value of the furniture / Approximate or Useful Life of the Furniture) = Depreciation

The furniture is worth $2,720.

The estimated lifespan of furniture is 5 years.

2 years old furniture costs $2720 divided by 5. × 2 \s= $272 \s= $272

Making the ACV as follows: Actual Cash Value (ACV) is determined by subtracting the depreciation worth from the furniture's value, which in this case is $2720. Using the values above as a guide: ACV = $2720 - $2720, which equals $0.

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The Fifo method will result in equivalent units for conversion costs of 395,000 units.

In cost accounting, the term "conversion costs" refers to the sum of direct labor costs and manufacturing overhead costs. In other words, conversion costs are expenses incurred by a company for products or manufacturing that are not directly related to the cost of raw materials.

Simply summing up all direct labor costs and manufacturing overhead costs yields conversion costs. The labor costs that can be directly linked to a product are known as direct labor costs.

Process start-up equals (150,000 x 0.10) = 15,000 units.

Completion and transfer out: (450000 - 200000) = 250,000 units

Add: Ending work in progress equals (200,000 – 0.65), which equals 130,000 units.

395,000 units are the equivalent units for the conversion cost using the FIFO method.

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If Alice gets a raise of $3000 plus 5% of her previous year's salary, then Alice salary in the third year would be 67338.

Explanation of the above answer

S (0) is her first salary which is $50,000

S (1) would be her next salary.

To find this, we take her previous salary ($50,000) and add 5% (.05*$50,000) + $3000

This is equivalent to S (1) =S (0) +.05(S(0))+3,000

S (1) = $50000 + 2500+3000 = $55500

similarly, S (2) = 61275

and S (3) = 67338

Hence, salary in the third year would be 67338

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The elasticity of demand is determining the monopoly markup.

The degree to which demand responds to a change in an economic factor is referred to as the elasticity of demand. When determining elasticity, the most common economic factor is price. The level of income and the availability of alternates are additional factors. The change in demand caused by changes in economic factors is measured by elasticity.

What are the four kinds of flexibility?

Four kinds of versatility are request flexibility, pay versatility, cross flexibility, and cost flexibility.

Explain elasticity in detail.

elasticity is the capacity of a body made of a deformed material to regain its original size and shape when the forces that caused it are released. A body with this ability is said to be flexible in its behavior (or response).

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Limited-assortment supermarkets offer one or two brands and sizes, one of which is a store brand.

Retailers who provide only one or two brands or sizes of most items (typically including a store brand) and strive for high efficiency in order to reduce expenses and prices. Supercenters are large businesses that combine full-line discount stores and groceries in one location. Warehouse Clubs: Large businesses with an erratic inventory, low service levels, and low pricing frequently require consumers to join. Convenience Stores: A type of shop that sells a limited number of things in a small store with quick checkout. Department Stores: A retailer that carries a wide range of merchandise (broad variety) and a large number of items within each category (deep assortment); provides some customer services, and is organized into separate departments to display its merchandise.

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Incremental profits before depreciation and taxes 17000

Less  Depreciation=48000*20% 9600

Net profit after tax 7400

Less: Tax 2960

Net profits after tax 4440

Operating cash flows= PAT+ Depreciation 14040

Incrementalism is a way of working by way of adding to an undertaking the usage of many small incremental modifications in preference to some (extensively deliberate) big jumps. Logical incrementalism means that the stairs inside the procedure are sensible.[1] Logical incrementalism specializes in "the electricity-Behavioral method to making plans in preference to the Formal structures making plans method".[1] In public coverage, incrementalism is the approach of alternate with the aid of which many small coverage adjustments are enacted over the years so as to create a bigger large based totally coverage exchange. Political scientist Charles E. Lindblom evolved this theoretical policy of rationality in the Fifties as a center way among the rational actor model and bounded rationality, as both long-time, aim-pushed policy rationality and satisficing have been no longer visible as good enough.[citation needed]

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Minnie appears to be frequently involved in managerial accounting based on the fact that she spends the most of her time assessing expenditures and determining if departments are adhering to their spending plans.

In managerial accounting, financial data is presented for internal use so that management can use it to make important company decisions. In contrast to financial accounting, managerial accounting techniques are not constrained by accounting rules.

The financial statements of an organization, such as the income statement (also known as the profit/loss statement), the statement of owner's equity, the balance sheet, and the statement of cash flows, which summarize and assess a company's past and present performance, are prepared by financial accounting.

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Sarah's capital gain carryforward is $5000.

Capital gains and losses=[long term capital gain+(long term capital loss)]-

[short term capital gain+(short term capital loss]

Let plug in the formula

Capital gains and losses=[$0+($20,000)]-[$15,000+($0)]

Capital gains and losses=($20,000)-$15,000

Capital gains and losses=$5,000

Therefore the amount and nature of sarah's capital gains and losses is $5,000 net long-term capital gain.

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The cost impact of a risk event occurring as a project proceeds through its product life cycle tends to slowly rise.

A product life cycle is the duration of time from a product first being introduced to purchasers till it's far removed from the marketplace. A product's existence cycle is generally damaged down into four tiers; introduction, growth, adulthood, and decline.

Product life-cycle control is the succession of techniques by way of business control as a product goes thru its existence-cycle. The situations in which a product is sold modifications over time and should be controlled because it movements through its succession of ranges.

The product life -cycle is an crucial tool for entrepreneurs, control and architects alike. It specifies 4 man or woman ranges of a product's existence and gives guidance for developing strategies to make the fine use of those ranges and promote the general fulfillment of the product inside the market.

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The total contribution to GDP would total the sum of the two numbers or $190,000.

Hence, The total contribution to GDP would total the sum of the two numbers or $190,000.

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The solution is both long-term now and long-term in 5 year. The previous holding term of the 1231 property provided is added to the holding period of the partnership interest.

A non-trading partnership is one that offers expert, non-commercial advice or recommendations in the areas of law, medicine, accounting, etc. Here, each partner actively participates in business management and is subject to limitless liability for any claims brought against the company.

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The five forces model helps businesses determine how much money they can make, the potential of various industries, and how to obtain and keep a competitive advantage.

A firm is a business that provides professional services. A corporation, limited liability company (LLC), or partnership may be used for this. Most companies only have one physical location. However, a business's competitive advantage consists of one or more real estate properties that are all held by the same individual and have the same employer identification number (EIN).

The term "firm" can be used to describe a wide variety of businesses, including, among others, financial, consulting, marketing, and graphic design firms. The term "firm" is frequently associated with businesses that have a competitive edge and provide specialized legal and accounting services.

The theory of the firm makes an effort to explain the existence of firms, how they operate and produce, and how they are set up in microeconomics. Businesses exist to maximize profits, according to the firm theory, but as the economic environment changes, so does this notion. According to contemporary theories of competitive advantage, businesses that strive for long-term sustainability as opposed to immediate, high profits would be able to tell one another apart.

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The journal entry includes Debit to cash of $110,000, Credit to bonds payable of $100,000, Credit to premium on bonds payable of $10,000

A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.

Depreciation or bond amortisation are examples of recurring items that can be recorded in journal entries. Accounts payable normally has its own subledger that indirectly impacts the general ledger, and journal entries are frequently filed using a different module in accounting software.

- Debit to cash of $110,000

- Credit to bonds payable of $100,000

- Credit to premium on bonds payable of $10,000

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Demand is elastic with regard to price if the demand price elasticity (c) is found to be -6.

The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others.

Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income. It is primarily employed to determine how changing a product's price will affect consumer demand.

Therefore, the Demand is price elastic if the demand price elasticity is found to be -6.

Option C is correct.

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Option B is the right choice.

The capacity cushion for a given year is 25% if 270,000 consumers are served during that year.

The right response is option b. 25%

Utilization = capacity / actual output.

Utilization = 270, 000 / 360,000 * 100% = 75%

capacity cushion = 100 utilization = 100 - 75 = 25%.

The amount of reserve capacity built into your farm business to accommodate unexpected increases in demand or brief reductions in production capacity is known as the capacity cushion. A basic rule of thumb is that over the long term, the average usage rate shouldn't be too near 100%. This is the amount that a business keeps in reserve in case demand for its goods or services suddenly increases. This aids in the case of an unanticipated production halt.

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COMPLETE QUESTION:

a firm produces 12 different services and has the capacity to service 360,000 customers per year. a total of 24 service workers are employed. if 270,000 customers receive service during a particular year, what is the capacity cushion during that year?

a) 75%

b) 25%

c) There is not enough information to determine this answer

d) 50%

Corporations are governed by a Board of Directors, elected by the shareholders. Advantages include limited liability, easier access to financing, and unlimited life for the corporation. Disadvantages include: the agency problem, double taxation, and incorporation expenses and regulations.

A legal entity is an organization (usually a group of individuals or a corporation) and an entity by state (a legal entity recognized by private and public law and recognized as "deriving from law, a legal entity under a legal context). Authorized and accepted to act as As such by law for specific purposes. Early incorporated entities were established by charter (that is, by special law granted by the monarch or by law passed by parliament or legislature). Most jurisdictions now permit the formation of new companies by registration.

There are different types of corporations, but they are usually divided by the law of the jurisdiction in which they are licensed based on two aspects: whether they can issue shares or whether they are incorporated to achieve a profit. You can Depending on the number of owners, a company can be classified as a joint venture (the subject of this article) or a sole proprietorship (a legal entity consisting of one natural person and his one registered office).

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It is true that in fixed-time period model it is necessary to determine inventory currently on hand to calculate the size of order to place with the vendor.

Stock or inventory, depending on where you're from, refers to the products and supplies that a company keeps on hand with the intention of selling them, using them for production, or using them for other purposes. Inventory management places a lot of emphasis on defining the dimensions, location, and physical characteristics of the stockpiled goods. It is necessary at multiple locations inside a facility or at numerous sites of a supply network prior to the regular and scheduled course of production and stocking of materials. By simply interpreting it as "any work within the process of production - any work that is or has happened before the completion of manufacturing," work in process (or work in progress) has been stretched from manufacturing techniques to service businesses and projects.

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Sport management and marketing agencies perform functions for industry stakeholder groups defined as talent, properties, corporate brands, media companies.

Management is the administration of an corporation, whether or not it's far a business, a non-earnings agency, or a government frame. it's far the art and science of dealing with sources of the enterprise.

The control definition is a single or institution of folks that challenges and oversees a person or collective group of humans in efforts to accomplish favored dreams and targets. moreover, the definition of control consists of the capacity to plot, arrange, reveal and direct individuals.

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All of these occur when perfectly competitive enterprises make short-term economic profits, EXCEPT:

Option c- the number of firms in the industry will fall.

Despite being another name for a for-profit firm or organization, the word "enterprises" is most frequently related to entrepreneurial endeavours. Those who are successful in business are frequently referred to as "enterprising." The most widespread legal businesses in the US are the following:

A firm controlled by a single person, often for its own advantage, is known as a sole proprietorship. This type of organization is subject to unlimited liability for any losses incurred as a result of its operations.

A partnership is a company that is controlled by two or more people or entities that have ownership interests in it, albeit they may not all have an equal share.

Corporation - A for-profit organization established to protect the owner(s) from responsibility should the business be the target of legal action. Depending on how many owners there are, there are several types of corporations.

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If Alonso lopes continually checks up on his counter parts everyday to make sure that they are consistently present and working, then he would be using C) nonprogrammed decision-making.

What is Nonprogrammed decision?

A nonprogrammed decision is one that does not adhere to a predetermined process, and the criteria for such decisions are not clearly stated. An unprogrammed choice mostly consists of: Decisions are typically made with partial or unclear information.

Unprogrammed decision features include;

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If the bank has fewer government securities, large deposit outflows, and holds fewer reserves, it will be more likely to occur with bank failure.

A deposit is the act of putting money with a specific entity, most frequently a financial institution like a bank. bank, a business that deals with money and its alternatives and offers other services involving money. A bank accepts deposits and disburses loans in its capacity as a financial intermediary.

You can put money into your bank account as a deposit. To start saving money and earn interest, you should deposit it in a bank. Money that you can withdraw at any time is deposited on demand. An investment for the long term is a time deposit. A deposit could also be the amount you pay as collateral when you take out a loan.

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Controllability is referred to as the degree of influence a manager has over costs, revenues, or related items for which he or she is responsible.

What does revenue mean?

What are sales versus profit?

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The main reason to diversify is to reduce your risk. Keep in mind, though, that investing always involves some risk.

But by having many types of investments (aka diversification), you can still put your money to work without destroying your financial future if one of your investments goes under.

Funding is the dedication of cash to buy of an asset to attain an boom in cost over a time period. Investment requires a sacrifice of some gift asset, consisting of time, cash, or an attempt. In finance, the cause of making an investment is to generate a go back from the invested asset. The return may additionally encompass a benefit (income) or a loss found out from the sale of a assets or an funding, unrealized capital appreciation (or depreciation), or funding income together with dividends, hobby, or rental profits, or a aggregate of capital advantage and profits. The return can also encompass foreign money gains or losses because of modifications inside the overseas foreign exchange rates.

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A countertrade is a different way to structure an international sale when using traditional payment methods is difficult, expensive, or not possible at all.

In a reciprocal kind of international trade known as countertrade, products or services are traded for other products or services rather than for hard currency. International trade of this kind is more prevalent in poorer nations with scarce credit or foreign exchange resources. Barter, counter purchase, and offset are the three basic classifications for countertrade.

Countertrade in whatever form gives countries with little access to liquid capital a way to exchange goods and services with other countries. Countertrade is a component of a comprehensive import and export strategy that makes sure a nation with few local resources has access to the goods and raw materials it needs.

Additionally, it gives the exporting country the chance to sell its goods and services in a bigger global market, fostering expansion in its industries.

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