Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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Entrepreneurial orientation is the tendency of an organization to engage in activities designed to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services. Are there selected organizations that seem to be more adept at recruiting and retaining these types of employees? Could you provide an example or two of these types of organizations?
Yes, there are organizations that are generally more adept at recruiting and retaining employees with a strong entrepreneurial orientation.
Examples of such organzations are salesforce and 3M
These organizations often foster a culture and environment that encourages innovation, risk-taking, and entrepreneurial behavior. They provide opportunities for employees to explore new ideas, take ownership of projects, and pursue entrepreneurial initiatives within the company.
Here are a few examples of organizations known for their ability to recruit and retain employees with an entrepreneurial orientation:
Salesforce: Salesforce is a customer relationship management (CRM) software company that has created a culture of innovation and entrepreneurship.
The company values and encourages entrepreneurial thinking among its employees, supporting initiatives such as the "Innovation Hour" where employees can dedicate time to work on their own entrepreneurial projects. Salesforce also has a strong focus on employee development and provides resources and support for employees to grow their skills and pursue new opportunities.
3M: 3M is a multinational conglomerate known for its innovative products across various industries. The company has a long history of fostering an entrepreneurial culture, allowing employees to spend up to 15% of their time on personal innovation projects.
This has resulted in the development of iconic products like Post-it Notes and Scotch Tape. 3M encourages risk-taking, idea-sharing, and collaboration, providing a supportive environment for employees to pursue entrepreneurial endeavors.
These organizations are just a few examples of companies that have successfully created an environment that attracts and retains employees with an entrepreneurial orientation.
By fostering a culture of innovation, providing resources for exploration, and supporting employees' entrepreneurial initiatives, these companies have been able to harness the entrepreneurial talent within their workforce and drive ongoing success and growth.
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what is the proper way to eat in class
The proper way to eat in class is to follow the rules and teacher's instructions, choose quiet and odorless foods, eat discreetly, and be respectful of others.
1: Be mindful of the class rules and teacher's instructions. Different schools and teachers may have different policies regarding eating in class. Make sure you are aware of these rules before proceeding.
2: Choose appropriate foods. Opt for foods that are quiet, odorless, and easy to eat without making a mess. Avoid foods that are crunchy, smelly, or require utensils, as they may disrupt the class or distract other students.
3: Prepare in advance. If you know you will be hungry during class, have a small snack or meal before class starts to curb your hunger. This way, you won't be tempted to eat during the class session.
4: Eat discreetly. If you do need to eat something during class, do so discreetly. Choose a moment when the teacher is not actively speaking or when there is a break in the lesson. Take small, quiet bites and avoid making unnecessary noise.
5: Be respectful of others. Ensure that your eating habits do not disturb or distract your classmates. Avoid chewing loudly, slurping drinks, or engaging in messy eating habits. Keep your focus on the class material while eating.
6: Clean up after yourself. Dispose of any food wrappers or containers properly in designated trash cans. If you accidentally make a mess, clean it up discreetly and quickly to avoid drawing attention.
7: Follow teacher's instructions. If your teacher explicitly prohibits eating in class, respect their rules and refrain from eating until an appropriate time, such as during designated breaks or lunchtime.
Remember, the primary purpose of being in class is to learn and engage in educational activities. Eating should only be done when necessary and in a manner that does not disrupt the learning environment.
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Josh buys an $8000 10-year bond that has a coupon rate of 4.5 %. If he keeps the bond to maturity, how much interest will he collect?
Josh will collect $3600 in interest if he keeps the $8000 10-year bond with a 4.5% coupon rate to maturity.
To calculate the interest that Josh will collect from the 10-year bond with an $8000 face value and a coupon rate of 4.5%, we need to consider the annual interest payment and the total number of interest payments over the bond's lifespan.
The annual interest payment can be calculated by multiplying the face value of the bond ($8000) by the coupon rate (4.5%). This gives us an annual interest payment of $360 (8000 * 0.045).
Since the bond has a 10-year maturity, there will be a total of 10 interest payments over its lifespan. Therefore, the total interest Josh will collect can be calculated by multiplying the annual interest payment ($360) by the number of interest payments (10).
Total interest = Annual interest payment * Number of interest payments
Total interest = $360 * 10
Total interest = $3600
Therefore, if Josh keeps the bond to maturity, he will collect a total of $3600 in interest over the 10-year period.
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Today’s entrepreneurs are taking advantage of the opportunity to meet changing needs in the marketplace. Examples include cleanup of radioactive and industrial waste, disposal of outdated computers and office equipment, and women-friendly tool kits for home improvement. How does this opportunity demonstrate awareness of the marketplace? Do you anticipate that the market will be increasing or decreasing?
The opportunity for entrepreneurs to meet changing needs in the marketplace, such as cleanup of radioactive and industrial waste, disposal of outdated computers and office equipment, and women-friendly tool kits for home improvement, demonstrates their awareness of the evolving demands and preferences of consumers.
By identifying these specific needs and developing solutions to address them, entrepreneurs show their understanding of the marketplace and the potential for profitable ventures.
They recognize that there is a demand for environmentally-friendly waste management services, responsible disposal of electronic devices, and products tailored to the needs of women engaging in home improvement projects. This awareness enables them to capitalize on these opportunities and cater to niche markets.
Regarding the future trajectory of the market, it is important to note that predictions can be influenced by various factors and are subject to change. However, based on the information provided, it seems likely that the market for these types of services and products may increase or remain stable in the near future.
Concerns about environmental sustainability, regulations on waste management, and the increasing focus on inclusivity and gender equality suggest a continued need for solutions in these areas. As long as these needs persist and evolve, entrepreneurs who are able to offer innovative and effective solutions are likely to find opportunities for growth and success in the market.
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You must read the scenario and prepare a response. Read the scenario carefully and develop your position using supporting arguments from the text reading material and any supporting videos. You must outline your position clearly. Any questions at the end of the scenario are suggestions to prompt your thinking and do not need to be answered in sequence.
HERE'S THE SCENARIO!
Andy and Brian were talking over coffee one morning. “Brian,” Andy said, “You know I’ve been repairing clocks as a hobby for some time. Since the nearest clock shop is in Smithton and that’s about 60 miles away, I’ve begun doing it for friends and neighbors. I’m thinking of quitting this job and opening a clock repair shop here.”
“Oh, Andy,” Brian replied, “Are you really sure you want to do that? Hardly anybody starts a business these days – no one even much thinks about doing that anymore. The day of somebody just deciding to open a business and doing it is past.
“Even restaurants are no longer small businesses; you gotta buy a franchise from some big corporation these days. Besides, you gotta do something different than anybody else does; you’ve got to come up with an idea no one else has thought of before."
Andy and Brian continued their discussion about Andy’s possible clock repair business. “You know, it’s not like it’s a business your Dad started and you feel like you HAVE to continue,” Brian spoke up. “Is it because you want to be the boss and tell people what to do and stuff? Or are you trying to be a big shot, ‘Mr. Business Owner?’ What makes you want to leave a good job like this and do something like that?”
Andy replied, “No, Brian, it’s not like that at all. Sure, I’d like to have a decent income – one where I didn’t have to be worried that I’d get laid off all the time – and maybe it’d turn out to be even better than that, and I could afford a nice house and car. What I’d really like though is to be able to learn more about clocks – maybe pick up watches, too. I’d kind of like to see if I’ve got what it takes to run my own business as well. Can I keep books and advertise and stuff like that? Also, since the kids are getting older, do you know how many of Carl’s Little League games I’ve had to miss or how many of Denise’s band concerts?”
Be a better friend to Andy than Brian was. Correct the errors Brian made and offer Andy some advice that will be beneficial.
My advice to Andy is that he can start his small business if he is interested in learning more about clocks and watches. He needs to study the market, identify his niche, plan the business, learn how to advertise, and manage his finances correctly. This will be helpful for him as he will be able to run a profitable business while managing his time with his family and hobbies.
In the scenario, Andy wants to learn more about clocks and pick up watches as he is interested in knowing whether he has what it takes to run his own business. Meanwhile, Brian is advising Andy that owning a small business is not profitable. However, he is wrong, and I am going to correct his errors and give Andy the advice he needs.Brian's first mistake is that he believes restaurants are not small businesses because you need to purchase a franchise from a large corporation.
However, that is incorrect. Small businesses come in all shapes and sizes, and they don't have to be franchised. Andy can start a small business, and he doesn't need to buy a franchise to do so.Brian also says that you have to come up with an idea that no one else has thought of before, which is incorrect. Small businesses can compete in crowded markets if they offer a better service or product. A niche is often found within a crowded market, and Andy can offer a unique and better service to his potential customers.
Finally, Brian is wrong to advise Andy that owning a small business is not profitable. With proper planning, a small business can be profitable and provide Andy with the income he requires. Therefore, my advice to Andy is that he can start his small business if he is interested in learning more about clocks and watches.
He needs to study the market, identify his niche, plan the business, learn how to advertise, and manage his finances correctly. This will be helpful for him as he will be able to run a profitable business while managing his time with his family and hobbies.
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b) Find the standard deviation and the coefficient of variation of the following data. 25 Marks Interval Frequency Interval Frequency 3.00-3.25 6 4.00-4.25 47 3.25-3.50 19 4.25-4.50 29 3.50-3.75 35 4.50-4.75 15 3.75-4.00 44 4.75-5.00 5
The standard deviation is 0.4182 and the coefficient of variation is 10.5%.
Given the following data Interval Frequency 3.00-3.25 64.00-4.25 473.25-3.50 194.25-4.50 293.50-3.75 354.50-4.75 153.75-4.00 445.00-4.75 5 The formula for finding the standard deviation is:[tex]$$ \sigma =\sqrt{ \frac{\sum f(x-\overline{x})^2}{N}} $$[/tex]
The table below shows the calculation; Interval [tex]$X$ Midpoint ($X_i$)[/tex] Frequency [tex]($f$) $x-\bar{x}$ $f(x-\bar{x})$ $(x-\bar{x})^2$ $f(x-\bar{x})^2[/tex]
$3.00-3.25 3.125 6 -0.725 -4.35 0.525625 3.153.25-3.50 3.375 19 -0.475 -9.025 0.225625 4.279.50-3.75 3.625 35 -0.225 -7.875 0.050625 1.773.75-4.00 3.875 44 0.025 1.1 0.000625 0.274.00-4.25 4.125 47 0.275 12.925 0.075625 3.554.25-4.50 4.375 29 0.525 15.225 0.275625 7.994.50-4.75 4.625 15 0.775 11.625 0.600625 9.01.75-4.00 4.875 5 1.025 5.125 1.050625 5.25 [tex]$\sum f=200$ $\sum f(x-\bar{x})= 3.15$ $\sum f(x-\bar{x})^2= 35.01$[/tex]
The variance is: [tex]$ \sigma^2 =\frac{\sum f(x-\overline{x})^2}{N} $$\sigma^2=\frac{35.01}{200}=0.1751$[/tex]
Therefore, the standard deviation is: [tex]$$ \sigma=\sqrt{ \sigma^2} $$$ \sigma=\sqrt{ 0.1751}=0.4182$[/tex]
The formula for finding the coefficient of variation is:$$ C.V = [tex]\frac{\sigma}{\overline{x}} \times 100\% $$[/tex]
The coefficient of variation is:$$ C.V = [tex]\frac{0.4182}{3.985} \times 100\% $$$C.V = 10.5\%$[/tex]
Therefore, the standard deviation is 0.4182 and the coefficient of variation is 10.5%.
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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
[tex]NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800[/tex]
[tex]NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800[/tex]
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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