Answer:
Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or "catch-up" as the project is being implemented.
a project manager will try to level resources in order to even out the use of resources throughout the whole project, but that can result in a deficit of resources during critical times. E.g. trying to use 25% of resources during each year for a project that lasts 4 years. But some activities require a lot o resources but last a short time, while other activities might last longer and consume fewer resources. a project manager will try to compress a project's schedule because he/she wants to finish early, ideally without affecting the project's scope. The problem with compressing a project is that you might have to skip or eliminate certain activities in order to so so. E.g. a lot of pharmaceutical companies are trying to develop a vaccine that ends the current health crisis, and their rush are not following the appropriate steps. crashing activities refers to trying to finish some critical activity early by assigning more resources to it. The risks of crashing critical activities is that they might not be well done, or it might be too expensive.Why is it critical to develop a time-phased baseline?
Without a well done time-phased baseline, it is very difficult to prepare a project schedule, or at least one that actually works. It is also important because it is very useful for cost control, and projects can easily go out of control and cost more than their budget.
sold a building costing $38,000, with $23,200 of accumulated depreciation, for $11,200 cash, resulting in a $3,600 loss.
Its response specifies approximately -$45,480 in net cash has been invested for financing activities.
What are cash and its various forms?
There are three places where your business can get funding: Operating Cash: Cash earned during normal business operations demonstrates how well management turns profits into cash. Cash used for financing can come from investors or be borrowed from and reimbursed to lenders. Cash outlay or income from the purchase or sale of assets is called investing cash.
Why is money so crucial?
By stopping you from overpaying, for instance, cash enables you to maintain better control over your spending. It moves quickly. Coins and banknotes instantaneously complete a transaction. It is safe.
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1. ______should develop a statement of ethical values. 2. If employees lack ________, they may be ineffective in performing their duties. 3. Organizational structure provides a basis for planning, directing, and controlling _________. 4. The audit committee should be composed of directors who are not _______of the organization. 5. To enhance the control environment, management develops job __________.
According to the business and organization practices:
Senior Management should develop a statement of ethical values.
This is because they are the ones that are responsible for establishing and enforcing rules and regulations.If employees lack skills, they may be ineffective in performing their duties.
This is because it is through the application of skills employers perform their functions.Organizational structure provides a basis for planning, directing, and controlling Operations.
This is because organizational structures are comprised of all the activities occurring in the company.The audit committee should be composed of directors who are not employees of the organization.
This is because fair and credible auditing should be done by people who are not biased or interested in the firm.To enhance the control environment, management develops job descriptions.
This is because job descriptions will give all employees the ideas he needs to perform his functions.
Hence, in this case, it is concluded that business practices and operations are crucial to the success of any company.
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A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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The factor of 'Land' includes more than just farming. Explain this statement.
The Four Factors of Production
Briefing:-Land is both a geographic location and a source of natural resources (examples: water, timber, oil).
Workers are those who can convert raw materials into commoditized commodities or services.
Capital refers to a company's physical assets and the funds it employs to acquire resources.
Why is land deemed to be the most crucial component of production?The key producing factor is thought to be land. The land is abundant in coal, water, and petroleum, all of which are used to produce electricity. Building factories and industries to conduct the production process requires land.
What aspect of agricultural production is most crucial?One of the most crucial elements in the development of crops is soil fertility [10]. It can sustain crop production depending on the full range of its physical, chemical, and biological characteristics.
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John Maynard Keynes supported economics policies that?
A). encouraged businesses to maximize their productivity.
B). protected citizens during periods of economic difficulty .
C). removed the government from most economic decisions.
D). led to workers collectively owning all factories and land.
John Maynard Keynes supported economics policies that "Protected citizens during periods of economic difficulty
Option (b) is correct
John Maynard Keynes was a leading economist of the 20th century who advocated for government intervention in the economy to mitigate the effects of economic downturns. He believed that government spending during periods of economic hardship could stimulate demand and prevent unemployment. This idea is known as Keynesian economics.
Keynes argued that government spending on public works projects and social programs during times of economic recession could create jobs and increase demand for goods and services, which would, in turn, help to stimulate economic growth. He also believed that governments should use monetary policy tools, such as lowering interest rates, to encourage borrowing and investment during economic downturns.
John Maynard Keynes supported economic policies that aimed to protect citizens during periods of economic difficulty by advocating for government intervention to stimulate demand and prevent unemployment.
Therefore the correct answer is (b)
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Ronald asked his boss how to wax the floors, but he didn’t understand the answer. He should ______.
a.
wax the floors using what he already knows
b.
avoid waxing floors until he sees someone else do it
c.
ask for clarification on how to wax the floors
d.
complain to his boss’ supervisor
Please select the best answer from the choices provided
A
B
C
D
Answer:
C; ask for clarification on how to wax the floors
Explanation:
Ronald asked his boss how to wax the floors, but he didn’t understand the answer. He should ask for clarification on how to wax the floors. Thus, option 'C' is the correct option.
How does clarification improve communication?Clarification in communication refers to conveying to the speaker the primary idea of what was just spoken, as perceived by the audience. As a consequence, the listener's comprehension is examined, and any discrepancies or misunderstandings are cleared up. Clarifying, as a follow-up to reflecting, reassures the speaker that the listener is making an effort to comprehend the messages they are delivering.
Asking questions or, on rare occasions, summarizing the speaker's remarks might help to clarify. To properly listen to people, we as leaders must ask clarifying questions. Asking for clarification is to elicit more details so that we can completely comprehend the sender's intended message, which is sometimes different from what they actually stated.
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Suppose a merchant in a moneyless economy trade has goods for large amount of purple fabric. He intended to use the fabric to trade for other goods in another location. Well he traveled to the other market Place, however, A trade ship arrived with a large shipment of purple fabric. As a result, The merchant was only able to trade his fabric for about half of what he had expected it to be worth in return. This situation illustrates the need for what aspect of the purpose of money?
A. Unit of measure
B. Preservation of value
C. Government endorsement
D. Ease of exchange
Answer:
Preservation of value.
Explanation:
Money is a medium of exchange that is generally acceptable for transactional purposes.
As seen in the scenario , money may not necessarily be cash as some other items can be used as a medium of exchange in a trade by barter agreement so far the items has the features of money and acceptable.
However , one thing that could be pointed out in the transaction in the scenario is a loss of value of the purple fabrics before the transaction could take place as a result of sudden arrival of a trade ship that caused a surplus in the fabrics , and at the end , it could not achieve as much as was expected.
Therefore the need for the preservation of value of money is necessary and needed
Answer:
B) Preservation of value
Explanation:
This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.
Sole proprietorship is a business owned and managed by a single person?
Answer:
Yes.
Explanation:
Cawley Company makes three models of tasers. Information on the three products is given below.
Tingler Shocker Stunner
Sales $296,000 $504,000 $200,000
Variable expenses 150,300 196,800 136,900
Contribution margin 145,700 307,200 63,100
Fixed expenses 121,168 234,632 95,900
Net income $24,532 $72,568 $(32,800)
Fixed expenses consist of $308,000 of common costs allocated to the three products based on relative sales, as well as direct fixed expenses unique to each model of $30,000 (Tingler), $79,400 (Shocker), and $34,300 (Stunner). The common costs will be incurred regardless of how many models are produced. The direct fixed expenses would be eliminated if that model is phased out.
James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the company’s net income.
Compute current net income for Cawley Company.
Net income $
Answer:
Current net income for Cawley Company = $64,300
Explanation:
The following income are given in the question:
Net income of Tingler = $24,532
Net income of Shocker = $72,568
Net income of Stunner = (-$32,800), or -$32,800
Therefore, the current net income for Cawley Company can be calculated as follows:
Current net income for Cawley Company = Net income of Tingler + Net income of Shocker + Net income of Stunner = $24,532 + $72,568 + (-$32,800) = $24,532 + $72,568 - $32,800 = $64,300
QUESTION 2 of 10: A course that costs $500 will allow you to get a job that pays $2 more per hour than your current job. How many hours will you need to work at the new job before your investment in education has "paid off"?
Answer: 250 hours
Explanation: divide 500 into 2
what can netflix, apple, and walmart incorporate that could improve their brand on a global level.
The ways to improve their brand on a global level are:
Netflix: Content Localization and Original Content Investment.Apple: Innovation and Differentiation and User Experience and Ecosystem IntegrationWalmart: E-commerce and Digital Transformation and Sustainability Initiatives.Here are some potential strategies that Netflix, Apple, and Walmart could consider to improve their brand on a global level:
Netflix:
Content Localization: Netflix could invest more in localizing its content to cater to the preferences and cultural nuances of different regions. Original Content Investment: Continuing to invest in high-quality original content across different genres and languages can help Netflix stand out in the competitive streaming market.Apple:
Innovation and Differentiation: Apple has a strong reputation for innovation, but continued investment in research and development is crucial to maintain its competitive edge. User Experience and Ecosystem Integration: Apple could focus on enhancing the overall user experience by further integrating its products and services within its ecosystem.Walmart:
E-commerce and Digital Transformation: As the retail landscape continues to evolve, Walmart could further invest in e-commerce capabilities and digital transformation. Sustainability Initiatives: Demonstrating a strong commitment to sustainability can significantly enhance Walmart's brand reputation.For such more question on Ecosystem:
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A customer pays a purchase price of $1,375 for a bond. This purchase price could also be referred to as
FILL IN THE BLANK. a supervisor who considers employees to be irresponsible and resistant to change would be characterized as a theory ___ manager.
Workers are viewed in this way as being careless, resistive to change, unambitious, despisers of their jobs, and preferring to be led rather than to take the initiative.
Who exactly are the "workers"?
A worker is anybody who works. Usually, this refers to someone who works with their hands, such when making something.
Worker: The term "worker" in the context of the Factories Act refers to a person who is employed directly, indirectly, or through a third party in any manufacturing process or in any sort of labour that is incidental to, associated with, or connected to the manufacturing process.
Instead, it has identified six fundamental types of workers: operators, givers, artisans, explorers, pioneers, and strivers.
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Flexibility/Flexiblization a. Describes the ability of contemporary corporations to respond to market changes quickly by bribing the president b. Describes the ability of contemporary corporations to respond to market changes quickly by bribing union bosses c. Describes the ability of contemporary corporations to respond to market changes quickly by using subcontractors instead of hiring more regular employees. d. Describes the ability of contemporary corporations to respond to market changes quickly by hiring more regular employees instead of using subcontractors
Flexibilization/Flexibility describes
" The ability of contemporary corporations to respond to market changes quickly by using subcontractors instead of regular employees". (C)
Some firms would rather hire flexible subcontractors instead of regular or internal employees, this helps them cut cost, they can also increase or decrease their workforce easily.
Flexibilization may undermine labor rights because these subcontractors don't have the same right as regular employees and job security is not assured.
Hence, Flexibilization basically means outsourcing jobs to sub contractors as a result of market changes rather than hire regular employees.
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eva always wanted to be a veterinarian
Good for Eva then. lol
What are the common barriers to communication?
which one of the following institutions is the least regulated? banks, credit unions, savings association, saving banks or finance companies.
Savings banks and finance companies are the least regulated among these institutions as they are not subject to the same regulations that banks and credit unions are.
The Regulation of Savings Banks and Finance Companies: A Comparison to Banks and Credit UnionsSavings Banks and Finance Companies are the least regulated among these institutions as they are not subject to the same stringent regulations that banks and credit unions are. This is due to the fact that savings banks and finance companies are only required to adhere to the regulations of the state in which they are operating, unlike banks and credit unions, which must comply with the regulations of both the state and the federal government.
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A business owner will have to decide how selecting one thing over another will impact the business. This is an example of _____.
fixed costs
opportunity costs
variable costs
none of the above
Answer:
opportunity costs
Explanation:
Opportunity cost is the benefit sacrificed as a result of preferring one option over the other. Opportunity cost is an economic concept applied in decisions making. It entails considering the gains to be missed by not selecting a particular option. The advantage of the next best alternative to the preferred option is the opportunity cost.
For the businessman, deciding one thing over the other means sacrificing one of them. Analyzing the impact of the foregone benefits is considering the opportunity cost.
Answer:
Opportunity costs
Explanation:
EDGE 2021 Entreprenuership :D
should you include personal date on a resume ? explain your answer?
Define Entrepreneurial Finance (EF), mention and differentiate different forms of EF based on investment strategies.
The financial decisiοns and actiοns that entrepreneurs take when launching οr managing a firm are referred tο as entrepreneurial finance (EF). This cοvers everything frοm οbtaining startup financing and cοntrοlling financial flοw tο selecting investments and fοrmulating develοpment plans.
What are the seven principles οf entrepreneurial finance?Cash flοw management, incremental risk and reward, time value οf mοney, incremental cash flοws, the οppοrtunity cοst οf capital, risk management, cοntingency planning, and cοntingency planning are essential fοr successful entrepreneurial finance.
What are the stages in entrepreneurial finance?The entrepreneur raises mοney tο develοp an idea, hire key persοnnel, and cοnduct market research. At the early stage, the entrepreneur has a business plan and prοtοtype οr prοοf οf cοncept. At the grοwth stage, funds are raised tο scale the business, expand intο new markets, and hire additiοnal persοnnel. At the mezzanine stage, the business is preparing fοr an IPO οr acquisitiοn. At the exit stage, the funds are used tο reward investοrs and entrepreneurs.
Based οn the investment tactics used, there are many types οf entrepreneurial finance. Here are the tοp three. Bοοtstrap Financing is a self-funded fοrm οf entrepreneurial finance where entrepreneurs use their οwn savings, persοnal credit cards, and/οr small lοans frοm friends and family tο get their business οff the grοund.
Angel Investing is a high-net wοrth individual whο prοvides funding tο early-stage startups in exchange fοr equity οwnership. Venture Capital is a type οf financing that is best suited fοr startups that have prοven their prοduct οr service and are ready tο scale up.
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Sylvia Baxter reaches an agreed upon selling
When Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.
Based on the information you provided, Sylvia Baxter has reached an agreed-upon selling price for a particular item or property. This means that she and the buyer have come to a mutual agreement on the price at which the item or property will be sold.
When negotiating a selling price, it's important for both parties to consider several factors, such as the current market value of the item or property, its condition, and any unique features or attributes that may affect its value. Additionally, both parties should be clear about any terms and conditions of the sale, such as the date of transfer of ownership, any repairs or renovations that need to be made before the sale, and any financing or payment arrangements.
Once the selling price has been agreed upon, both parties will typically sign a sales agreement or contract that outlines the terms of the sale. This document serves as a legally binding agreement between the buyer and seller and ensures that both parties are aware of their rights and obligations.
In summary, when Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.
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operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Elaborate the importance of studying Consumer Behavior in Marketing management.
Studying consumer behavior is important for marketing management as it helps to understand customers and their preferences. This understanding can help marketers develop more effective content and strategies that target the right customers. Consumer behavior studies can also provide insights into how customers perceive products and services, which can help marketers create better experiences and ensure that offerings remain relevant to current trends and interests.
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the standard time required per unit of a product is 20 minutes. in a day of 8 working hours a worker gives an output of 30 units. if he gets a time rate of ` 20 per hour his total earning under halsey bonus scheme is
The bonus earned by the worker would be 30% of 2 hours, which is equal to 0.3 * 2 * $20 = $12.
The Halsey bonus scheme is a productivity-based incentive system that provides workers with a bonus based on the time saved in completing their assigned tasks. Under the Halsey bonus scheme, the worker receives a percentage of the time saved as a bonus.
In this scenario, the standard time required per unit of a product is 20 minutes, which is equivalent to 1/3 of an hour (20/60). The worker is able to produce 30 units in a day of 8 working hours, which means the total time taken for production is 30 units * 1/3 hour per unit = 10 hours.
Since the worker works for 8 hours in a day, the time saved is 10 hours - 8 hours = 2 hours. According to the Halsey bonus scheme, the worker is entitled to a percentage of the time saved as a bonus. The Halsey system typically allocates 30% of the time saved as a bonus.
Therefore, the bonus earned by the worker would be 30% of 2 hours, which is equal to 0.3 * 2 * $20 = $12.
In summary, under the Halsey bonus scheme, the worker's total earning would include the regular wages for 8 hours of work, which is 8 * $20 = $160, along with the bonus earned, which is $12. Hence, the worker's total earning under the Halsey bonus scheme would be $160 + $12 = $172.
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Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $420,000 (21,000 units at $20 each). During 2021, 82,000 units were purchased, all at the same price of $23 per unit. 86,000 units were sold during 2021. Assuming an income tax rate of 25%, what is LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements
Answer: Profit of $9,000
Explanation:
First find the Cost of goods sold assuming the LIFO was used. 82,000 of the most recent stock will be sold and 4,000 will be taken from the beginning stock to reach 86,000 units.
= (82,000 units * 23) + (4,000 * 20)
= $1,966,000
LIFO liquidation profit(loss):
= (Sales - Cost of Goods sold) * ( 1 - Tax)
Selling price is assumed to be $23 which is cost of recent inventory.
= [(86,000 * 23) - 1,966,000 ] * (1 - 25%)
= 12,000 * 0.75
= $9,000
Which of the following types of business ownership has the highest personal liability risk?
A.
A partnership
B.
A sole proprietorship
C.
A C corporation
D.
An LLC
Answer:
A C corporation
Explanation:
Answer:
A.partnership
I have picked out A because in a partnership business,one is responsible for the progress of the business and when the business is in debts,he can even sell his personal property to cover up the loss made
What is the modified duration of a seven-year par value bond with a coupon rate of
9%?
The modified duration of a seven-year par value bond with a coupon rate of 9% is 5.99
First we solve for the Macaulay duration[(1 x 1) + (2 x 1) + (3 x 1) + (4 x 1) + (5 x 1) + (6 x 1) + (7 x 1) + (100 x 1.09)] / (1 + 0.08)^7
= 6.49
Then the modified dutration is givenas
6.49 / (1 + 0.09)
=5.99
Hence the modified duration of a seven-year par value bond with a coupon rate of 9% is 5.99
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Blue Co.'s portfolio of trading securities had a total cost of $20,000 and a fair value of $23,500 as of the end of the current year. The journal entry to record the adjustment to fair value includes a debit to:
Trading Securities for the fair value increase of $3,500, and a credit to Unrealized Gain on Trading Securities for the same amount.
The journal entry to record the adjustment is as follows:
Debit Trading Securities $3,500
Credit Unrealized Gain on Trading Securities $3,500
What does the entry show?This entry reflects the increase in the fair value of the trading securities and recognizes the unrealized gain on the company's balance sheet. The debit to Trading Securities increases the carrying value of the securities to their fair value, while the credit to Unrealized Gain on Trading Securities recognizes the increase in value as an unrealized gain.
What is trading security?It’s important to note that trading securities are short-term investments that are bought and held with the intention of selling them for a profit in the near future. As a result, changes in their fair value are recognized as unrealized gains or losses on the balance sheet until they are sold.
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Poston Company uses an accelerated depreciation method for tax purposes rather than straight-line depreciation for new asset acquisition. Which of the following choices correctly shows when the majority of depreciation would be taken (early or late in the asset's life), when most of the tax savings occur (early or late in the asset's life), and which depreciation method would have the higher present value?
When Majority of Depreciation is Taken When Majority of Tax Savings Occur Depreciation Method with Higher Present Value
A. Early in life Early in life Accelerated
B. Early in life Early in life Straight-line
C. Early in life Late in life Straight-line
D. Late in life Late in life Straight-line
E. Late in life Early in life Accelerated
Multiple Choice
Choice A
Choice B
Choice C
Choice D
Choice E
The majority of the depreciation would be taken early in the asset's life, most of the tax savings would occur early in the asset's life and the deprecation method that would yield the higher present value is the accelerated deprecation method. (option A)
What is the straight line depreciation method and the accelerated deprecation method?Depreciation is a method that is used to expense to cost of purchasing an asset.
The straight line depreciation is a depreciation method that declines the value of an asset linearly over the useful life of the asset. The depreciation expense each year is the same.
The accelerated depreciation is a depreciation method in which the depreciation expense is higher in the earlier years of the asset that in the later years of the asset. A type of accelerated depreciation is the double declining method where the depreciation expense is twice that of the straight line method.
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What should you include on an income statement?
Select all correct answers.
1. income
2. expenses
3. net profit
4. all assets
All of the factors that have to be included in the income statement are:
1. income2. expenses3. net profitWhat is meant by the income statement?This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.
Hence we can say that All of the factors that have to be included in the income statement are:
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