A succinct job description for an engineer consists of two words: problem solver. Broadly speaking, engineers use knowledge to find new ways
of doing things economically. Explain with example, why economy perspective needs to be included in solving engineering problem.
Answers
Answer: The economy perspective needs to be included in solving engineering problems because it ensures that the solutions are not only technically feasible but also economically efficient and sustainable. Engineers play a vital role in optimizing resources and minimizing costs throughout the lifecycle of a project. Here's an example to illustrate why the economic perspective is important:
Explanation:
Let's consider the design of a manufacturing plant. An engineer tasked with this project needs to consider the economic implications of various design choices. They may need to analyze factors such as equipment selection, process optimization, energy consumption, and waste management.
By incorporating an economic perspective, the engineer can identify opportunities to reduce costs and improve efficiency. For instance, they might evaluate different equipment options based on their upfront costs, operating costs, and expected lifespan. They could also explore process improvements that enhance productivity, minimize waste, and reduce energy consumption, thereby lowering operational expenses in the long run.
Additionally, the economic perspective helps in assessing the return on investment (ROI) of engineering projects. Engineers need to consider factors such as the project's payback period, net present value, and overall profitability. This analysis enables them to prioritize projects based on their economic viability and potential benefits to the organization.
By integrating an economic perspective, engineers can make informed decisions that balance technical requirements with cost considerations. This approach ensures that engineering solutions are economically sustainable, deliver value for money, and align with the organization's financial goals.
In summary, including an economic perspective in solving engineering problems enables engineers to optimize resources, minimize costs, and maximize efficiency. It ensures that engineering solutions are not only technically sound but also economically viable, contributing to the overall success and sustainability of projects.
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Related Questions
In which situation would a savings account be the be investment to earn interest
Answers
Does decreasing the value of the local currency contributes in the increase of the economic growth rate
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Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
Describe the steps you would take to prepare yourself for a new job.
Answers
Answer:
Tons of research! Make sure to ask questions when employers ask if you have anything you would like to know. Dress appropriately for the job and job requirements and come prepared and try not to use words like "Um" and "I'm not sure" often!
Explanation:
Job prep!
Highlight the difference between progressive and regressive tax.
Answers
Answer:
see below
Explanation:
A progressive tax system imposes taxes depending on income earned. The higher the income, the higher the tax rate. It means individuals and entities with a higher income with pay more taxes. A progressive tax system promotes equity by imposing higher taxes on the wealthy and lower taxes on the poor. The US income tax system is an example of a progressive tax.
A regressive tax system does not discriminate on income. It taxes all eligible taxpayers equally regardless of their income level. A regressive tax applies the same tax rate for everyone. Sale tax imposed on goods sold is an example of regressive tax. The regressive tax system takes a higher proposition of income from the low-income earners.
which styling product creates maximum control and support of the hair especially for wet setting?
Answers
When it comes to creating maximum control and support for wet setting hair, the best styling product to use is a gel. Gel is a thick and sticky substance that can hold hair in place, making it the perfect choice for wet setting styles that require a lot of control.
Gels come in a variety of formulas, including those that are designed specifically for wet setting. These formulas often have additional ingredients that help to moisturize and protect the hair while providing maximum hold. Some gels also contain heat protectants, which are important if you plan to use heat styling tools such as a blow dryer or curling iron. To use gel for wet setting, apply a small amount to damp hair and distribute it evenly using a comb or your fingers. Style your hair as desired and allow it to air dry or use a diffuser to speed up the drying process. Overall, if you're looking for maximum control and support for your wet setting hair, a gel is the way to go. With its thick and sticky consistency, it can hold even the most unruly hair in place while protecting it from damage and keeping it looking healthy and shiny.
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Dan is the winner of a $1 million state lottery. He is given the choice between $100,000 a year for ten years and $700,000 in cash. The annuity payment starts today. If the interest rate is 12 percent, which would Dan prefer?
Everything is the same except '$50,000 a year for 20 years and $650,000 in cash’ and ‘5 percent’
Please show work using Texas Instrument calculator, thanks!!
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Dan is given the choice between $100,000 a year for ten years and $700,000 in cash.Interest rate = 12%.
We have to find which option Dan should prefer.Option 1: $100,000 per year for ten yearsPresent Value (PV) = $100,000Interest rate (i) = 12%Number of periods (n) = 10 yearsWe have to find the Future Value (FV) .Formula:FV = PV * [(1+i) ^n-1/i]FV = $100,000 * [(1+0.12)^10-1/0.12]FV = $1,535,834Option 2: $700,000Present Value (PV) = $700,000 Interest rate (i) = 12%Number of periods (n) = 1 yearWe have to find the Future Value (FV).
Formula:FV = PV * (1+i)^nFV = $700,000 * (1+0.12)^1FV = $784,000Clearly, the future value of the annuity payment is greater than the future value of the lump sum amount. Therefore, Dan should choose the annuity payment of $100,000 a year for ten years.Next part:Given options: Dan is given the choice between $50,000 a year for 20 years and $650,000 in cash.Interest rate = 5%.
We have to find which option Dan should prefer.Option 1: $50,000 per year for twenty yearsPresent Value (PV) = $50,000Interest rate (i) = 5%Number of periods (n) = 20 yearsWe have to find the Future Value (FV).Formula:FV = PV * [(1+i) ^n-1/i]FV = $50,000 * [(1+0.05)^20-1/0.05]FV = $1,319,760Option 2: $650,000Present Value (PV) = $650,000Interest rate (i) = 5%Number of periods (n) = 1 yearWe have to find the Future Value (FV).
Formula:FV = PV * (1+i)^nFV = $650,000 * (1+0.05)^1FV = $682,750Clearly, the future value of the annuity payment is greater than the future value of the lump sum amount. Therefore, Dan should choose the annuity payment of $50,000 a year for twenty years.
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A man walks around a circular park 4 times in 12 minutes. The radius of the park is 49m. Find the speed of the man in km/h.
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Deborah works for a telecommunications company, and she prides herself on the fact that her job duties help keep the emergency service phone line operating, which ultimately saves lives. Deborah's sentiment reflects
Answers
The question is incomplete:
Deborah works for a telecommunications company, and she prides herself on the fact that her job duties help keep the emergency service phone line operating, which ultimately saves lives. Deborah's sentiment reflects:
A. skill variety
B. autonomy
C. task significance
D. task identity
E. feedback
Answer:
C. task significance.
Explanation:
-Skill variety refers to abilities people need to be able to do a job.
-Autonomy is when a person is able to act on its own.
-Task significance is when a job has a positive impact on other people inside and outside of the company.
-Task identity refers to doing something from start to finish with a visible result.
-Feedback is when employees receive an evaluation from their supervisors in which they get suggestions to maintain certain performance and possible improvements that can be made.
According to this, the answer is that Deborah's sentiment reflects task significance because her job helps to save lives which means that it has a positive impact on people.
Deborah priding herself on the fact that her job duties help saves lives
exhibits what we refer to as task significance.
Task significance refers to the employees of a company viewing their roles
as being important within and outside the company.
Deborah in this scenario talks about how her job duties help keep the
emergency service phone line operating, which ultimately saves lives. This
sentiment reflect task significance which is why it is the right choice of all the options.
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The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain.
Answers
yes, no matter what company say, they need money for funding for "social change"
45 on low of 6 a b c or d
Answers
Answer:
c
Explanation:
Answer:
a_______________________________________
Explanation:
3.4 3 Practice Analyzing Visuals in Business Documents
P L Z help me with this
Synthesize
Determine and design the best visuals for a progress report, including appropriate graphs, tables, illustrations, text boxes, and other visuals. You will need to think about how the visuals relate to the information presented in the progress report and how the visuals will aid readers’ understanding.
1. Using the graphs above, which would you choose to include in the Costs section of your progress report to show how project spending compares to the budget so far? Explain why.
2. Using the graphs above, which would you chose to include in the Costs section of your progress report to show how much of the total budget remains for the project? Explain why.
3. Examine the table in the section above.
a. Recreate the exact table shown above in a separate document. Submit this document to your teacher with your worksheet.
b. Explain how you created the table.
4. In your progress report, you want the Work Completed section to follow your Summary of Costs. To date, the company has rewritten the home page content, created a new logo, and updated the overall structure of the site. Currently, an idea for site navigation has been proposed but not yet confirmed. You want to include a visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services, Customer Reviews, and Contact. The About section would include links to History and Our Mission; the Services section would also include links to Pricing, Scope, and Timeline. Show an example of a simple, custom graphic to display the navigation.
b. Explain how you created your graphic.
5. Once you finish your progress report, your manager wants to look it over before distributing it to everyone in the company. What is the best way to give this report to your manager and why?
6. Your manager looks over the report and decides that because you did such a thorough job with the report, your next project will be to help update the company's business cards. Create a sample business card that includes a graphic to represent the law firm, Stevens & Patterson.
Answers
Graphics are employed as visual representations to support the text in a report, proposal, set of instructions, or other similar papers in corporate writing and technical communication. Charts, diagrams, sketches, figures, graphs, maps, pictures, and tables are examples of several graphic types.
What is the purpose of using visuals in a professional document?Visuals are an important aspect of any documentation approach because they may make complicated ideas and procedures easier for readers to comprehend. They let readers envision linkages and occurrences, although it may be more challenging to understand the same information when presented in the text.
Place the graphic as near to the relevant text as you can. Assign a number and a precise descriptive title to each image. When describing the content of the graphic, refer to the number or title in the body text. Give the graphic ample white space around it to draw attention to the picture and improve readability.
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13. Which of the following makes up one's material wealth? (Choose all that apply.)
I A. Fees
B. Assets
c. Friendships
D. Volunteer work
Answers
Answer:
B. Assets
Explanation:
how do i comment on a question
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Answer:
click the three dots in to the corner then press comments.
If your on pc go to under the question and you should be able to comment there as well.
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,000 and $1,400, respectively. During 2022, Coolwear wrote off $625 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $4,100 at December 31, 2022. Bad debt expense for 2022 would be:
Answers
Answer:
$3,325
Explanation:
Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable
Bad Debt Expense = $4,100 - ($1,400 - $625)
Bad Debt Expense = $4,100 - $775
Bad Debt Expense = $3,325
So, the bad debt expense for 2022 would be $3,325.
what would be the best leadership strategy for a giver
Answers
Answer:
depends on the situation give me a strategy and ill give you why it would be the best
What is the basis of the law of demand?
Group of answer choices
Self-interested behavior
Marginal utility
Utility curves
Market timing
Answers
market timing
Explanation:
because that way u wont miss customers
Down Payment and Loan Payments. Lucas wants to buy a used car that will cost $5,500. How much wil his monthly payment be if he puts $2,100 down and finances the remainder at 6% for two years? His monthly payment will be $______(Round to the nearest cent)
Answers
Lucas' monthly payment for financing the remainder of the car price would be approximately $154.08 (rounded to the nearest cent).
To calculate Lucas' monthly payment for financing the remainder of the car price, we need to consider the loan amount, interest rate, and loan term.
Given:
Car price: $5,500
Down payment: $2,100
Loan amount: Car price - Down payment = $5,500 - $2,100 = $3,400
Interest rate: 6% per year
Loan term: 2 years
To calculate the monthly payment, we can use the formula for calculating the monthly payment on a fixed-rate loan:
Monthly Payment = (Loan Amount * Monthly Interest Rate) / (1 - (1 + Monthly Interest Rate)^(-Loan Term in Months))
First, let's calculate the monthly interest rate by dividing the annual interest rate by 12 (number of months in a year):
Monthly Interest Rate = 6% / 12 = 0.06 / 12 = 0.005
Next, let's calculate the term of the loan in months:
Loan Term in Months = Loan Term in Years * 12 = 2 * 12 = 24 months
Now, we can plug in the values into the formula to calculate the monthly payment:
Monthly Payment = ($3,400 * 0.005) / (1 - (1 + 0.005)^(-24))
Using a calculator or spreadsheet, we can evaluate this expression to find the monthly payment.
Monthly Payment ≈ $154.08
Therefore, Lucas' monthly payment for financing the remainder of the car price would be approximately $154.08 (rounded to the nearest cent).
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In terms of SUPPLY, what factors have contributed to the fall in oil prices?
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Jason is updating his estate planning and wants to set up a legal document that leaves half of the adjusted gross estate to his wife. He is writing a(n)
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Answer:
will
Explanation:
Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Answers
Social Security and Medicare taxes
Corporate income taxes
Excise taxes
Custom duties
miscellaneous revenue
all of the following are classifications of communications with the public except a) sales literature. b) correspondence. c) institutional communications. d) retail communications.
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All of the given options are classifications of communications with the public, so none of them can be excluded from this category, thus correct answer is none of the above.
Sales literature, correspondence, institutional communications, and retail communications are all classifications of communications with the public.
Let's break down each option to understand why they are all classifications of communications with the public:
a) Sales literature: This refers to any written or printed material, such as brochures or pamphlets, used to promote or sell a product or service to the public.
b) Correspondence: This includes any written communication, such as letters or emails, exchanged between an organization and the public.
c) Institutional communications: These are communications from an organization that aim to establish or maintain its reputation or relationship with the public. Examples include annual reports, press releases, and company websites.
d) Retail communications: These are communications specifically related to the promotion of financial products or services to retail customers. Examples include advertisements, sales scripts, and marketing materials.
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Brooks Development Corporation (BDC) faces the following capital budgeting decision. Six real estate projects are available for investment. The net present value and expenditures required for each project (in millions of dollars) are as follows:
Project 1 2 3 4 5 6
Net Present value ($Millions) $15 $5 $13 $14 $20 $9
Expedature required ($Millions) $90 $34 $81 $70 $114 $50
There are conditions that limit the investment alternatives:
• At least two of projects 1, 3, 5, and 6 must be undertaken.
• If either project 3 or 5 is undertaken, they must both be undertaken.
• Project 4 cannot be undertaken unless both projects 1 and 3 also are undertaken.
The budget for this investment period is $220 million.
a. Formulate a binary integer program that will enable BDC to find the projects to invest in to maximize net present value, while satisfying all project restrictions and not exceeding the budget
Answers
Making a capital budgeting choice! In order for me to better assist you, kindly give me with the net present value and necessary expenses for each of the six real estate projects.project (in millions of dollars) are as
Making a financial plan for a specific time period for a company or a person is the process of budgeting. It entails anticipating and allocating resources for upcoming costs while accounting for anticipated revenue, costs, and other financial commitments. Budgeting is crucial because it makes it possible to monitor an organization's financial development and guarantees that its financial resources are used wisely. It offers a framework for making decisions and aids in finding possible areas for cost-saving strategies and savings. There are many different sorts of budgets, including operational, capital, cash, and master budgets. Accurate financial information, reasonable assumptions, ongoing monitoring, and review are necessary for effective budgeting.
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during the period of globalization 1.0, the mode of entry into foreign markets primarily involved multiple choice exporting goods. licensing production and distribution. making foreign institutional investments. making foreign direct investments.
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During the period of globalization 1.0, the mode of entry into foreign markets primarily involved: exporting goods, option A.
The spread of the flow of financial products, goods, technology, information, and jobs across national borders and cultural boundaries is referred to as globalization. In terms of economics, it refers to a global interconnectedness facilitated by free trade.
Globalization gives businesses a competitive edge across the board. Manufacturing overseas allows them to save operational expenses, lower or eliminated tariffs allow them to purchase raw materials more affordably, and most importantly, they have access to millions of new customers.
Social contact between distinct communities increases as a result.Cultural interchange across civilizations is exemplified by globalisation in terms of ideas, values, and creative expression.Another tendency associated with globalisation is the emergence of a unified global culture.In terms of politics, globalisation has focused emphasis on intergovernmental bodies such as the World Trade Organization and the United Nations (WTO).Globalization has changed how international law is developed and applied from a legal perspective.Learn more about Globalization:
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Difficult employees as a main cause of stress?
Answers
Working with challenging Employees can generate conflict, tension, and stress in the office.
Employees that are difficult to work with might interfere with collaboration and teamwork, which lowers output and lowers morale. Their actions could damage the team dynamic, sap team members' motivation, and discourage other team members.
Employees who are difficult to work with may have trouble communicating clearly, which can result in misunderstandings, incorrect interpretations, and collaborative breakdowns.
Managers and coworkers frequently have to invest more time and energy in dealing with challenging personnel and their conflicts.
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Weighted average cost of capital is 8%. If the issuance costs for external finances are $20 million, what is the net present value (NPV) of the project? A. $2,247 million B. $2,359 million C. $2,696 million D. $3,819 million
Answers
Based on the given information, we cannot calculate the NPV of the project.
To calculate the net present value (NPV) of the project, we need more information such as the cash flows associated with the project. The weighted average cost of capital (WACC) is used to discount the cash flows to their present value, but it alone cannot determine the NPV.
The NPV is calculated by subtracting the initial investment (or cost) from the present value of the expected cash flows. Without the cash flow information, it is not possible to determine the NPV.
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the concepts that organizations should be divided into units that perform similar functions is identified in your text as
Answers
The concept of organizational division into similar functional units is known as "departmentalization."
This process involves grouping activities and tasks into departments based on the functions they perform. It is an important step in organizational structure, as it allows organizations to optimize their operations and make them more efficient.
Departmentalization refers to the process of creating an organizational structure that separates a corporation into departments based on their roles, functions, and responsibilities. By definition, departmentalization is the process of grouping individuals into groups or units in a hierarchical manner in order to better administer, execute, and manage activities.
Departmentalization is one of the fundamental components of organizational design, which includes other key principles such as work specializations, chain of command, span of control, and centralization/decentralization of authority. Each of these principles addresses a specific aspect of organizational design and is critical to creating an organizational structure that facilitates effective performance, productivity, and responsiveness to the environment.
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Which economic tool would most likely be used as part of a contractionary
monetary policy?
A. Lowering the reserve requirement
O B. Raising interest on reserves
C. Buying treasury securities
D. Reducing the discount rate
SUBMIT
Answers
Answer:
O B. Raising interest on reserves
Explanation:
The Federal Reserve expects banks to keep a percentage of customer deposits as reserves. The reserves cater to both the normal and unexpected withdrawals. The Federal Reserve (Fed) also uses reserve requirements as a monetary policy tool.
Interest on reserves is one of the monetary policy tools that the Fed uses regularly. The Fed pays interest on any excess reserves held by the banks. Increasing the interest paid on reserves encourages banks to hold more money. Decreases the interest prompts the banks to lend out more. Contractionary monetary policies are measures aimed at decreasing the money supply in the economy. Increasing interest on reserves increases money held in the banking sectors, thereby slowing down money circulation.
Answer: B. Raising interest on reserves
Explanation:
Just got it right!!!
A country produces only bananas and robots. If it produced only bananas with all its available resources, it could make 60 million units. If it produced only robots, it would produce 20 million units.
Graph the production possibilities curve for this country, assuming constant opportunity cost between the two goods—place bananas on the vertical axis and robots on the horizontal axis. Indicate a point on your graph, labeled A, that represents full employment and a possible combination in which both goods are being produced.
My Response: Understanding that every 15 million units of bananas equals 5 million units of Robots, now looking at my graph, you can see that the point labeled A means that at full employment, producing 50% of both goods gives you 30 million units of bananas and 10 million units of Robots.
What is this country's opportunity cost for producing a robot? Explain.
My Response: If we divide 60 Million / 20 Million = 3. So the opportunity cost for producing a robot is 3.
What would the area beyond (outside of) the country's PPC represent?
My Response: The area beyond the country’s PPC basically means the country is not able to produce in that area because it doesn't have the resources to do so. It's impossible or currently unattainable with the setup it has. Needs to improve “Factors of Production”
Assume that the country enters a recession. Label a point that could correspond to its output on your graph, labeling it B.
My Response:
Assume that a new fertilizer increases the efficiency of producing bananas. The productive capacity of robots is unaffected. Illustrate the impact of this change on your graph from part (a). Use an arrow to indicate the direction of the change.
My Response:
Another country with constant opportunity cost can produce 80 million units of bananas with all of its available resources or 10 million units of robots with all of its available resources. Calculate the opportunity cost for this country to produce 2 million units of robots.
My Response:
Answers
It should be noted that in the PPC, the downward sloping line 'ab' is the production possibility curve.
How to illustrate the information?In the diagram, since point 'A' falls on the PPC itself, it represents the full employment of resources. Point 'A' represents the combination of 30 million bananas and 10 million robots.
Opportunity cost producing a robot = Total bananas possible / Total robots possible
Opportunity cost producing a robot =60/20
Opportunity cost producing a robot = 3 bananas
The area outside PPC represents the unattainable combinations of two goods.
During the recession, the resources are inefficiently used and the production combination is represented by point 'B' which falls below PPC When the production technology improves only for one good and not for the other, the PPC rotates
Marginal opportunity cost of a robot = 80 million bananas / 10 million robots
The marginal opportunity cost of a robot = 8 bananas
Opportunity cost of 2 million robots = 8 bananas × 2 million
The opportunity cost of 2 million robots will be 16 million bananas.
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In a short response of approximately 50 words, describe why you believe elected officials ' practice of appointing government employees based on reward or friendship works against the best interests of the nation .
Answers
Answer: The Constitution separates the three branches of power. So they have a checks and balances system. Each branch has specific powers and rights they use to help the people, and they require some type of collaboration from the other branches. They need some type of collaboration from other branches so they can gain too much power and keep all the branches balanced.
(62 words but it should do the job.)
Explanation:
A __________ is a group of closely related items which are sold or made by a company. Product segment Product mix Product line Product code