The strategic management process of Wal-Mart Stores Inc. KSA:
Wal-Mart is a global brand that has managed to establish its dominance in the retail industry. With over 4,150 retail facilities worldwide, Wal-Mart is the largest retail store chain in the world. The company's strategic management process has contributed significantly to its success.
The strategic management process of Wal-Mart Stores Inc. KSA involves four main steps, which include strategic planning, strategic implementation, strategic control, and evaluation.
1. Strategic planning: The first step in the strategic management process of Wal-Mart Stores Inc. KSA is strategic planning. The company must develop a strategic plan to achieve its objectives. In this step, the company analyzes the internal and external environment to identify opportunities and threats and strengths and weaknesses. The company then develops a mission and vision statement, sets objectives, and formulates strategies to achieve them.
2. Strategic implementation: The next step in the strategic management process of Wal-Mart Stores Inc. KSA is strategic implementation. In this step, the company puts the strategies into action. The company allocates resources, trains employees, develops policies and procedures, and implements the strategies.
3. Strategic control: The third step in the strategic management process of Wal-Mart Stores Inc. KSA is strategic control. In this step, the company evaluates its performance against the set objectives. The company compares actual performance to the desired performance and takes corrective action if necessary.
4. Evaluation: The final step in the strategic management process of Wal-Mart Stores Inc. KSA is evaluation. In this step, the company evaluates the effectiveness of its strategies. The company measures the outcomes of the strategies against the set objectives. The company also reviews its mission and vision statements, objectives, and strategies to ensure that they are still relevant and consistent with the changing environment.
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Ooo-La-La Company has met all production requirements for the current month and has an opportunity to manufacture additional units with its excess capacity. Unit selling prices and unit costs for three product lines follow. Variable overhead is applied on the basis of direct labor dollars, whereas fixed overhead is applied on the basis of machine hours. There is sufficient demand for the additional manufacture of all products. Required: A. If Ooo-La-La has excess machine capacity and can add more labor as needed (i.e., neither machine capacity nor labor is a constraint), which product is the most attractive to produce? B. If Ooo-La-La has excess machine capacity but a limited amount of labor time available, which product or products should be manufactured in the excess capacity?
A. If Ooo-La-La has excess machine capacity and can add more labor as needed (i.e., neither machine capacity nor labor is a constraint), the most attractive product to produce will be the one with the highest contribution margin per unit.
Contribution margin per unit = Selling price per unit - Variable cost per unit
Product 1:
Contribution margin per unit = $25 - ($12 + $6 + $4) = $3
Product 2:
Contribution margin per unit = $40 - ($16 + $8 + $6) = $10
Product 3:
Contribution margin per unit = $20 - ($10 + $4 + $2) = $4
Product 2, with a contribution margin per unit of $10, is the most attractive product to produce if Ooo-La-La has excess machine capacity and can add more labor as needed.
B. If Ooo-La-La has excess machine capacity but a limited amount of labor time available, the company should manufacture the product that has the highest contribution margin per labor hour.
Contribution margin per labor hour = Contribution margin per unit / Direct labor hours per unit
Product 1:
Contribution margin per labor hour = $3 / 1.5 = $2
Product 2:
Contribution margin per labor hour = $10 / 2.5 = $4
Product 3:
Contribution margin per labor hour = $4 / 1.5 = $2.67
If there is a limited amount of labor time available, Ooo-La-La should manufacture product 2 and product 3 in the excess capacity, as they have the highest contribution margin per labor hour.
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an auditor selected a product maintained in the finished goods warehouse. the auditor counted the product and compared this amount with the amount in the finished goods perpetual inventory subsidiary account. which asb balance assertion is the auditor most likely testing?
This audit procedure is essential to ensure that the company's financial statements accurately reflect the value of its finished goods inventory.
The auditor is most likely testing the accuracy assertion of the finished goods inventory.
In auditing, the accuracy assertion refers to the correctness and accuracy of the financial information presented in the company's financial statements. By counting the physical inventory and comparing it to the amount recorded in the finished goods perpetual inventory subsidiary account, the auditor is verifying whether the recorded inventory quantity is accurate and in agreement with the actual physical inventory on hand.
Any discrepancies found during the audit may indicate potential errors in recording, misstatements, or other issues related to inventory management and control.
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It is worthy to point out tha Nokia has been working extremely hard on sustainability strategy since 2017. What are the attributes of this strategy? Has the company achieved its goal?
The attributes of sustainability strategy that has made the company to achieved its goal are;
economic viability environmental protection social equity.What is sustainability strategy?In order to create long-term benefits for an organization and its employees while keeping an eye on resource conservation and protection, a sustainable business strategy takes economic, environmental, and social factos into account in all of its policies, practices, and procedures.
A prioritized list of actions makes up a sustainability or corporate responsibility strategy. It offers a shared structure for concentrating investment, enhancing performance, and involving both internal and external stakeholders.
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What are some of the barriers to entry that monopolies would use? Which do you think is the best barrier to use? Why? 2. Comparing a perfectly competitive firm and a monopoly what happens to the price and the quality of the goods?
A monopoly is a market with a single seller or producer. Monopolies create significant entry barriers to prevent competition from new entrants. Barriers to entry can be natural, technological, economic, or strategic. The following are some of the common barriers that monopolies use:Legal Barriers:
A legal barrier is one that is imposed by the law. For example, patents and copyrights provide an exclusive right to the owner of the invention or creation to produce and sell it in the market. Therefore, legal barriers protect intellectual property rights from infringement and create entry barriers. Natural Barriers: Natural barriers are those that arise due to the unique characteristics of a product or service.
For instance, a firm may have a monopoly on the production and sale of a mineral that is only available in a specific geographical area. Therefore, natural barriers arise due to a lack of resources or unique technology that is required to produce a product. Economies of Scale: Economies of scale refer to the cost advantages that a firm can achieve by producing large quantities of goods or services.
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1. Consider a $1,000 par value bond with a 7% annual coupon. The bond pays interest annually. There are 2 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 10%?
2. A bond has a current price of $800, a maturity value of $1,000 (matures in 5 years). If interest is paid semi-annually and the bond has a current yield of 8%, what is the bond's annual coupon rate?
3. The $1,000 face value bond has a coupon rate of 6%, with interest paid semi-annually, and matures in 5 years. If the bond is priced to yield 8%, what is the bond's value today?
1. We are given a bond that has a $1,000 face value, pays a 7% annual coupon, and has two years remaining to maturity. The required return on the bond is 10%.The first step is to calculate the price of the bond.
To do this, we need to determine the present value of the future cash flows, which are the annual coupon payments and the face value received at maturity.Using the formula for the present value of an annuity, the present value of the two annual coupon payments of $70 each is $130.Using the formula for the present value of a future sum, the present value of the $1,000 face value received at maturity is $826.45.
The total present value of the future cash flows is $956.45. This is the price of the bond.The current yield is the annual coupon payment ($70) divided by the price of the bond ($956.45), which is approximately 7.31%.2. The bond is priced at $800 and has a face value of $1,000. It matures in five years and pays interest semiannually. The bond has a current yield of 8%.To calculate the annual coupon rate, we first need to determine the semiannual coupon payment. We can do this by multiplying the face value of the bond by the current yield and dividing by two.(Face value) × (Current yield) ÷ 2 = Semiannual coupon payment(1,000) × (0.08) ÷ 2 = $40The annual coupon payment is equal to two times the semiannual coupon payment.(
Semiannual coupon payment) × 2 = Annual coupon payment(40) × 2 = $80To determine the annual coupon rate, we divide the annual coupon payment by the face value of the bond.(Annual coupon payment) ÷ (Face value) = Annual coupon rate(80) ÷ (1,000) = 8%The bond's annual coupon rate is 8%.3. We are given a bond with a face value of $1,000, a coupon rate of 6%, semiannual payments, and a maturity of five years. The bond is priced to yield 8%.We can use the present value of an annuity formula to calculate the present value of the semiannual coupon payments. To do this, we need to determine the semiannual coupon payment and the number of semiannual periods.(Coupon rate) × (Face value) ÷ 2 = Semiannual coupon payment(0.06) × (1,000) ÷ 2 = $30The number of semiannual periods is equal to the number of years to maturity times two.(Number of years to maturity) × 2 = Number of semiannual periods(5) × 2 = 10Using the formula for the present value of an annuity, we can calculate the present value of the semiannual coupon payments.
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jesse has the comparative advantage in making sweaters. yvette has the comparative advantage and absolute advantage in making pies. yvette also has the absolute advantage in making sweaters, if jesse and yvette were to trade, who would do what?
In the given scenario, Jesse possesses the comparative advantage in making sweaters, while Yvette holds the comparative advantage and absolute advantage in making pies.
Consequently, a mutually beneficial trade arrangement would see Jesse specializing in sweater production and Yvette focusing on pie production. Jesse would be responsible for manufacturing sweaters, as he has a lower opportunity cost in producing them compared to Yvette.
Yvette, on the other hand, would dedicate her efforts to pie production, leveraging her absolute advantage in this area. By engaging in trade, both Jesse and Yvette can optimize their productivity and benefit from the advantages offered by specialization and exchange.
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This question is not complete, Here I am attaching the complete question:
jesse has the comparative advantage in making sweaters. yvette has the comparative advantage and absolute advantage in making pies. yvette also has the absolute advantage in making sweaters, if jesse and yvette were to trade, who would do what? Explain.
13. benjamin currently pays $1,080 for his annual car insurance premium. he is in the marines and will be deployed for the next 9 months. since his car will be used much less, there is less risk for the insurance company and it offers him a 66% discount for his annual premium while on deployment. what is the amount he must save each month while on deployment to be able to pay for the discounted premium? when benjamin returns, his premium will revert to the amount prior to deployment. what will his total premium for the year be?
Benjamin must save $40.80 each month while on deployment, and his total premium for the year will be $1,447.20.
To calculate the amount Benjamin must save each month while on deployment to pay for the discounted premium, we can follow these steps:
1. Calculate the discounted premium while on deployment:
Discounted premium = Original premium * (1 - Discount percentage)
Discounted premium = $1,080 * (1 - 0.66)
Discounted premium = $1,080 * 0.34
Discounted premium = $367.20
2. Calculate the number of months Benjamin will be on deployment:
Number of months = 9
3. Calculate the amount he must save each month while on deployment:
Savings per month = Discounted premium / Number of months
Savings per month = $367.20 / 9
Savings per month = $40.80 (rounded to the nearest cent)
When Benjamin returns, his premium will revert to the amount prior to deployment, which is $1,080.
To calculate his total premium for the year, we can add the premium while on deployment and the premium after returning:
Total premium = Discounted premium + Premium after returning
Total premium = $367.20 + $1,080
Total premium = $1,447.20
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true or false: fudging numbers on performance records or producing substandard merchandise is acceptable if it keeps costs down.
Fudging numbers or producing substandard merchandise to cut costs is unethical and unacceptable. Transparency, integrity, and delivering quality products are crucial for business success and customer satisfaction.
False. Fudging numbers on performance records or producing substandard merchandise is not acceptable, regardless of the motive to keep costs down. Ethical business practices dictate that companies should uphold integrity, honesty, and quality in their operations. Falsifying performance records or delivering substandard products not only undermines trust with customers and stakeholders but also carries legal and reputational risks.
Maintaining accurate performance records is essential for transparency, accountability, and informed decision-making within an organization. It allows for proper assessment of business performance, identification of areas for improvement, and strategic planning. Similarly, producing high-quality merchandise is crucial for customer satisfaction, brand reputation, and long-term success. Cutting corners or compromising on quality may result in dissatisfied customers, negative reviews, and damage to the company's image.
Businesses should prioritize ethical conduct, which includes adhering to legal requirements, maintaining transparency, and delivering value to customers. Finding ways to control costs should involve legitimate strategies that align with ethical principles, such as process optimization, resource efficiency, and innovation, rather than resorting to unethical practices that compromise integrity and customer trust.
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Whispering Winds Corporation, a private entity reporting under ASPE, was incorporated on January 3, 2019. The corporation’s financial statements for its first year of operations were not examined by a public accountant. You have been engaged to audit the financial statements for the year ended December 31, 2020, and your audit is almost complete. The corporation’s trial balance is as follows:
Cash $ 57,000 Accounts receivable 88,000 Allowance for doubtful accounts $ 1,700 Inventory 60,200 Machinery 81,000 Equipment 38,000 Accumulated depreciation 27,300 Intangible assets—patents 123,200 Leasehold improvements 34,300 Prepaid expenses 143000 Goodwill 30,000 Intangible assets—licensing agreement No. 1 55,500 Intangible assets—licensing agreement No. 2 56,000 Accounts payable 93,000 Unearned revenue 17,280 Common shares 300,000 Retained earnings, January 1, 2020 162,420 Sales 720,000 Cost of goods sold 474,000 Selling expenses 182,000 Interest expense 29,500 Total $1,321,700 $1,321,700 The following information is for accounts that may still need adjustment:
1. Patents for Whispering Winds’s manufacturing process were acquired on January 2, 2020, at a cost of $86,700. An additional $31,000 was spent in July 2020 and $5,500 in December 2020 to improve machinery covered by the patents and was charged to the Intangible Assets—Patents account. Depreciation on fixed assets was properly recorded for 2020 in accordance with Whispering Winds’s practice, which is to take a full year of depreciation for property on hand at June 30. No other depreciation or amortization was recorded. Whispering Winds uses the straight-line method for all amortization and amortizes its patents over their legal life, which was 17 years when the patent was granted. Accumulate all amortization expense in one income statement account. 2. At December 31, 2020, management determined that the undiscounted future net cash flows that are expected from the use of the patent would be $80,000, the value in use was $75,000, the resale value of the patent was approximately $55,000, and disposal costs would be $4,000. 3. On January 3, 2019, Whispering Winds purchased licensing agreement no. 1, which management believed had an unlimited useful life. Licences similar to this are frequently bought and sold. Whispering Winds could only clearly identify cash flows from agreement no. 1 for 15 years. After the 15 years, further cash flows are still possible, but are uncertain. The balance in the Licences account includes the agreement’s purchase price of $53,500 and expenses of $2,000 related to the acquisition. On January 1, 2020, Whispering Winds purchased licensing agreement no. 2, which has a life expectancy of five years. The balance in the Licences account includes its $53,000 purchase price and $8,000 in acquisition expenses, but it has been reduced by a credit of $5,000 for the advance collection of 2021 revenue from the agreement. In late December 2019, an explosion caused a permanent 60% reduction in the expected revenue-producing value of licensing agreement no. 1. In January 2021, a flood caused additional damage that rendered the agreement worthless. 4. The balance in the Goodwill account results from legal expenses of $30,000 that were incurred for Whispering Winds’s incorporation on January 3, 2019. Management assumes that the $30,000 cost will benefit the entire life of the organization, and believes that these costs should be amortized over a limited life of 30 years. No entry has been made yet. 5. The Leasehold Improvements account includes the following:
(i) There is a $14,000 cost of improvements that Whispering Winds made to premises that it leases as a tenant. The improvements were made in January 2019 and have a useful life of 12 years.
(ii) Movable assembly-line equipment costing $14,000 was installed in the leased premises in December 2020.
(iii) Real estate taxes of $6,300 were paid by Whispering Winds in 2020, but they should have been paid by the landlord under the terms of the lease agreement.
Whispering Winds paid its rent in full during 2020. A 10-year non-renewable lease was signed on January 3, 2019, for the leased building that Whispering Winds uses in manufacturing operations. No amortization or depreciation has been recorded on any amounts related to the lease or improvements. 6. Included in selling expenses are the following costs incurred to develop a new product. Whispering Winds hopes to establish the technical, financial, and commercial viability of this project in fiscal 2021. Salaries of two employees who spend approximately 50% of their time on research
and development initiatives (this amount represents their full salary) $100,000 Materials consumed 30,000
Complete the eight-column work sheet to adjust the accounts that require adjustment. Making a General Ledger Accounting: trial balance, adjustments, income statement, and SFP
The following actions must be completed in order to finish the eight-column worksheet and change the accounts that Whispering Winds Corporation needs to change:
1. Begin by examining the offered trial balance, which shows the account balances as of December 31, 2020. 2. Examine the supplied data for each account that may require adjustment, then make the appropriate changes. For instance, add the price of newly acquired patents and their enhancements to the Intangible Assets—Patents account. Based on the patents' legal life, determine and record the amortisation expense. Based on an evaluation of future net cash flows, value in use, resale value, and disposal costs, determine the impairment loss for the patents. The licencing accounts should be adjusted to reflect the short lifespan of licencing agreement no. 1 and the duration of the licencing agreement no. 2. Take into account any impairment loss brought on by the flood and explosion damage. Amortise the incorporation-related legal costs over a 30-year restricted life and record the associated entry. Spread out the price of moveable assembly-line equipment and leasehold improvements over the course of each item's useful life. Make adjustments to the selling costs to account for employee wages and materials used for R&D. 3. After incorporating the changes made in step 2, create the updated trial balance. 4. Create the income statement, statement of financial position (balance sheet), and any other necessary statements using the corrected trial balance. 5. Ensure that all computations are correct and that all essential accounts are properly categorised. 6. Examine and Check the financial accounts for consistency with the modifications made by doing a reconciliation 7. Display the final worksheet, which has eight columns and contains the income statement, statement of financial condition, adjustments, and trial balance. Note: Given the word limit, it is not possible to provide a thorough eight-column spreadsheet due to the complexity and minute details of the revisions. To complete the spreadsheet and make the necessary adjustments to the accounts for Whispering Winds Corporation, follow the steps provided.
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Environmental Analysis (Cause and Effect
Analysis)
You just need to fill out the attached HW 8
form for the HW 8.
Step 1: Select any company or winery you
wish. Prepare a one-paragraph description of
the company or winery including things like
location, size, age, product/customer mix, etc.
Step 2: Identify and describe three
technological trends (they could be positive or
negative) that will affect this organization in the
future. A trend is any emerging activity that you
believe is important to the future of this
business. Trends can fall into any of the various
categories in technology such as Al (Artificial
Intelligence, 5G technology, Self Driving car...).
Do some research. I have posted some
interesting articles related to the impacts of
new technology in marketing and brand
management.
Step 3: Provide a detailed rationale for why
you select these three trends. Then indicate
what you consider to be the probability of each
trend occurring using a range from 0-100%.
Also rate the trend on importance using a scale
of 1-10 with 10 being the most important.
5G technology: Probability: 90%, Importance: 8Smart Wine bottles: Probability: 70%, Importance: 6AI: Probability: 80%, Importance: 9
Environmental Analysis (Cause and Effect Analysis)
About the company
Winery Business is one of the rapidly growing industries in the world. Constellation Brands is one of the major players in the wine and beer industry. It is headquartered in New York, USA.
The company is known for selling and producing alcohol-based drinks such as Corona, Modelo, Robert Mondavi, Ruffino, Meiomi, etc.
It is the world’s largest wine producer and marketer with operations in around 100 countries. It operates as two segments; wine and spirits, and beer.
Technological Trends
The following are three technological trends that will affect the organization in the future.
5G Technology: The fifth-generation mobile network (5G) has become a crucial factor for organizations globally. 5G will provide Constellation Brands with faster speeds, more reliable connections, and reduced latency. It can also enable better communication in their production process.
Smart Wine bottles:
The IoT-based Smart Wine bottle is a new trend in the wine and beverage industry. It is a new technology that Constellation Brands can use to enhance their customers’ experience.
These smart bottles have features such as temperature sensors, GPS, and light sensors.
AI: Constellation Brands can implement AI-powered chatbots that can be used in customer service. This technology has transformed the customer service sector and the food and beverage industry.
AI chatbots will enable the company to respond quickly to customers, reduce customer response time, and enhance their satisfaction.
Probability and Importance
5G technology: Probability: 90%, Importance: 8Smart Wine bottles: Probability: 70%, Importance: 6AI: Probability: 80%, Importance: 9
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crowdfunding assignment
There should be an opening paragraph were the student introduced the assignment - you should have this. The paragraph should include topic, min findings and so forth.
"Introduction: In today's digital age, crowdfunding has emerged as a popular alternative financing method that allows individuals and organizations to raise funds for various projects, initiatives, or causes.
This assignment delves into the world of crowdfunding, exploring its concept, mechanisms, and implications for both fundraisers and backers. Through extensive research and analysis, this study aims to understand the benefits and challenges associated with crowdfunding, examine successful crowdfunding campaigns, and discuss the impact of this fundraising approach on traditional funding methods. By exploring the diverse landscape of crowdfunding, we can gain insights into its effectiveness as a tool for entrepreneurial ventures, social initiatives, and creative projects."
Please note that this is a general introduction paragraph and may need to be customized or expanded based on the specific requirements and scope of your crowdfunding assignment.
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\begin{tabular}{|l|} \hline Question 22 \\ Not yet \\ answered \\ Marked out of \\ 1.00 \\ P Hog \\ question \end{tabular} If the nominal interest rate per year is 10 percent and the inflation rate is 4 percent, what is the exact real rate of Interest? Select one: a. 6 percent b. 14.0 percent c. 5.76 percent d. 10.0 percent
Nominal interest rate: The nominal interest rate is the actual rate charged by the creditor. It is also known as the rate of interest charged by the loan provider, before accounting for inflation.
does not take into account the inflation rate.Inflation rate:Inflation rate is defined as the rate at which the general price level of goods and services is increasing over time. Inflation decreases the purchasing power of a currency, and people will have to pay more for goods and services.
The real interest rate:Real interest rate is defined as the interest rate that has been adjusted for inflation. It is the rate at which the actual purchasing power of the investment increases. It is calculated as the nominal interest rate minus the inflation rate.
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Will technology ever replace humans when it comes to providing tourism services? Why or why not?
Technology has brought remarkable changes in the tourism industry, and it has made providing tourism services easier. However, technology cannot replace humans, and the reason is that technology cannot match the human touch, the personal touch, and the warmth that humans can provide.
Let's look at the various aspects of tourism services and how technology and humans compare.
The Hospitality Industry: In the hospitality industry, robots have already been introduced, but they are used in areas such as cleaning, room service, etc. They do not replace human contact when it comes to hospitality. Technology such as mobile apps is used to book reservations, check-in, and make payments, but nothing beats the human touch when it comes to making a guest feel welcome. Guests may need help with directions or recommendations for a great restaurant, and this is where the human touch becomes invaluable.
The Tour Guide: A tour guide is an essential part of any tour, and although technology has introduced audio guides, nothing beats a tour guide who can communicate in a personable manner, who can answer questions in real-time and engage the guests, sharing local knowledge that only humans possess.
A tour guide can also provide recommendations that are tailored to the guests' preferences, unlike technology that cannot make such decisions.
The Travel Agent: With the advent of online booking platforms, people are increasingly booking their own trips. However, when it comes to complicated itineraries, travel agents come to the rescue, and there are some travelers who prefer the services of a travel agent. They trust the expertise and knowledge of the agent, and the personalized service they offer.
The Bottom Line: Technology has brought several changes to the tourism industry, but it cannot replace the human touch, which is an essential aspect of providing tourism services. Humans can provide personalized service, empathy, and warmth that technology cannot match, and this is what makes tourism services so valuable.
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Projects that use Six Sigma principles for quality control normally follow a five-phase improvement process called _____.
Group of answer choices
weighted scoring model
DMAIC
use case modeling
configuration management
Projects that use Six Sigma principles for quality control normally follow a five-phase improvement process called DMAIC. The DMAIC approach is the cornerstone of Six Sigma methodology, and it is a five-phase structured problem-solving method.
This method is used to improve the business process by identifying and removing the causes of errors, and it consists of the following phases: Define, Measure, Analyze, Improve, and Control. The five phases of the DMAIC method are described below:
1. Define: This is the phase in which the problem is identified, and the project's goals and objectives are established. It is also critical to identify the project's scope and the customer's requirements.2. Measure: In this phase, the process's current state is measured to determine the root cause of the problem.
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In the event of a bankruptcy, common shareholders have a claim on assets before debtholders. True False
The given statement "In the event of a bankruptcy, common shareholders have a claim on assets before debtholders." is False.
In case of bankruptcy, debtholders, who are also creditors, have the first right on the company's assets. This is because they have a legal agreement with the organization that guarantees their repayment. It means, the debtholders have a prior claim to the company's assets over shareholders. The remaining assets (if any) will be given to the common shareholders for distribution.
In a bankruptcy situation, common shareholders are at the bottom of the hierarchy when it comes to getting paid. They have the last right to the company's assets after every other creditor and debtholder are repaid.
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Which of the following illustrates the post hoc ergo propter hoc fallacy? The sun rose after the rooster crowed, so the rooster crowing must have caused the sunrise Barbara likes chocolate, so all women must like chocolate Big Mining Company believes all of its costs are sunk costs Carol only buys cheese when it's on sale at a discount price
The post hoc ergo propter hoc fallacy states that if one event occurs after another event, it must be caused by it.
Thus, the statement that illustrates the post hoc ergo propter hoc fallacy is "The sun rose after the rooster crowed, so the rooster crowing must have caused the sunrise."Post hoc ergo propter hoc is a type of causal fallacy, where one event is assumed to have caused another event just because it happened after it.
The fallacy is evident in the first statement, which implies that the sunrise is due to the rooster crowing.
Therefore, the statement illustrates the post hoc ergo propter hoc fallacy. Barbara likes chocolate, so all women must like chocolate, is an example of the fallacy of hasty generalization. The argument draws a conclusion about all women based on a single case. This is an invalid argument.
Big Mining Company believes all of its costs are sunk costs, is an example of a circular argument. The company is assuming that all costs are sunk costs without any supporting evidence. It is a flawed argument since it assumes what it is trying to prove.
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An organisation is now interested in conducting Privacy Impact Assessments for its various projects. The organisation is aware of Office of the Australian Information Commissioner's "Guide to undertaking privacy impact assessments" but realises it needs to set up its own specific guidelines that are shorter than this. Also, it realises it needs to have its own template for reports it will fill in when conducting the assessments.
In the event that an organization is interested in conducting Privacy Impact Assessments (PIAs) for its different projects, they should be aware of the Office of the Australian Information Commissioner's Guide to undertaking privacy impact assessments.
However, they should establish their own specific guidelines that are shorter than the guide. Furthermore, they should have their template for reports that will be used while conducting the assessments.
Privacy Impact Assessments (PIAs) are used by organizations to assess how proposed projects, products, or systems might impact on the privacy of individuals. Conducting a PIA will help organizations to identify and mitigate privacy risks, protect their reputation, and meet legal obligations.
A PIA is an evaluation process, not just a form-filling exercise. The PIA process identifies privacy risks and suggests mitigation strategies, which then need to be applied. The PIA process will help in ensuring compliance with the Privacy Act 1988, and in the development of privacy-aware business practices, policies, and procedures.
A PIA can be undertaken for a range of projects or initiatives, such as:
New technologies or systems that process personal information;
Changes to the way personal information is collected, used, disclosed, or stored;
Changes to business practices or procedures; and
Changes to laws or regulations.
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Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its investments 2 points Project x1 Project x2 (168,000) Initial investment Expected net cash flows in year: (104,000) 37,000 47,500 72,500 78,000 68,000 58,000 eBook Print Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indicate whether each project is acceptable.
Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return.
The expected net cash flows for Project x1 are -$104,000, $37,000, $47,500, and $72,500 for years 1, 2, 3, and 4, respectively. For Project x2, the expected net cash flows are $78,000, $68,000, and $58,000 for years 1, 2, and 3, respectively.
By applying the IRR function in Excel, we can determine the rate of return for each project. If the calculated IRR is higher than the required 6% return, the project is considered acceptable. To calculate the internal rate of return for each project, we can use the "IRR" function in Excel.
In Excel, we enter the expected net cash flows as a series of values and use the initial investment as a negative value. For Project x1, the cash flows would be entered as -$168,000, $37,000, $47,500, $72,500, and $78,000. Using the IRR function, Excel calculates that the internal rate of return for Project x1 is approximately 8.63%.
Since this rate is higher than the required 6% return, Project x1 is considered acceptable. For Project x2, the cash flows would be entered as -$168,000, $78,000, $68,000, and $58,000. Using the IRR function in Excel, the internal rate of return for Project x2 is approximately 5.28%. Since this rate is lower than the required 6% return, Project x2 is not considered acceptable.
In conclusion, based on the calculated internal rates of return, Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return. The IRR calculation helps assess the attractiveness of each project by comparing the rate of return against the company's required return, allowing Tiger Co to make informed investment decisions.
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Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return.
The expected net cash flows for Project x1 are -$104,000, $37,000, $47,500, and $72,500 for years 1, 2, 3, and 4, respectively. For Project x2, the expected net cash flows are $78,000, $68,000, and $58,000 for years 1, 2, and 3, respectively.
By applying the IRR function in Excel, we can determine the rate of return for each project. If the calculated IRR is higher than the required 6% return, the project is considered acceptable. To calculate the internal rate of return for each project, we can use the "IRR" function in Excel.
In Excel, we enter the expected net cash flows as a series of values and use the initial investment as a negative value. For Project x1, the cash flows would be entered as -$168,000, $37,000, $47,500, $72,500, and $78,000. Using the IRR function, Excel calculates that the internal rate of return for Project x1 is approximately 8.63%.
Since this rate is higher than the required 6% return, Project x1 is considered acceptable. For Project x2, the cash flows would be entered as -$168,000, $78,000, $68,000, and $58,000. Using the IRR function in Excel, the internal rate of return for Project x2 is approximately 5.28%. Since this rate is lower than the required 6% return, Project x2 is not considered acceptable.
In conclusion, based on the calculated internal rates of return, Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return. The IRR calculation helps assess the attractiveness of each project by comparing the rate of return against the company's required return, allowing Tiger Co to make informed investment decisions.
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Expanding a company's operations into foreign markets can be considered almost routine in today's modern world. This pattern will almost certainly continue for some time into the foreseeable future due to communication and information technology developments. Most domestic organizations will look outside their current geographic location when considering expansion. This typically entails investigating potential openings in various international markets. For various reasons, it is commonly held that managing and running a domestic business is more straightforward than engaging in international trade. The reasons for this belief are numerous. In general, the laws that govern international business and investment vary from nation to nation, as do business ethics and culture, political systems, monetary policies, and currencies, among other aspects of national governance. These are potential factors that could combine to make conducting business overseas more challenging and, as a result, riskier than running a business at home. When discussing the differences between domestic and international business, it makes sense to talk about the challenges that come up when conducting business on a global scalechallenges that are not customarily encountered or do not present themselves to the same degree as they do when running a company in the same country. You have decided that you would like to expand your business into the international market. In preparation for this endeavor, you are interested in learning more about the prerequisites that must be satisfied before you can enter the international market. Discuss, explain and analyze the requirements to start a global and international business. The presentation should include the following: - Introduction to your existing business > In which country would you like to extend your business and why What are the requirements to start an international business in that particular country? > Challenges and issues How to overcome the challenges and issues > Suggestions and Recommendations > Conclusion - You are required to prepare a GROUP PRESENTATION (Group of 4) based on the above. - Your presentation must be creative and innovative and have a minimum of TEN (10) slides and
Introduction to the existing businessOur existing business is a boutique fashion store named Fashionista located in Sydney, Australia. It sells high-end fashion brands for women, men, and kids. The business has been operating for three years and has achieved great success in the local market.
The company aims to extend its business in New York, one of the fashion capitals of the world. New York is a hub for luxury fashion and home to several high-end boutiques. Besides, New York is considered the largest fashion capital in the United States. The city has a high population and has more than 8 million residents.
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All of the following are informal reports EXCEPT(1 Point) informational report progress report business memo minutes of meeting 36. How many pages consist in a formal report for big projects?(1 Point) 5 to 200 or more 1 to 100 pages or more 10 to 150 pages of more 2 to 50 pages of more. 37. Based on the information below, which organizational pattern is being stated? "useful in showing time relationships, such as, five year profit figures or a series of events leading to a problem" (1 Point) compare/contrast chronological convention topic/function 38. If you are someone who has extensive amount of work experience and you are showing steady growth in your career then you would benefit by using which type of resume format? (1 Point) chronological resume functional resume combined resume none of the above
1. All of the following are informal reports EXCEPT Minutes of meeting. Minutes of Meeting are formal reports. The minutes of meeting are an official written record of a meeting.
The main purpose of the minutes of the meeting is to keep a record of the decisions and plans of the meeting and to inform others who were unable to attend the meeting. It includes all the details of the discussion and the decisions made.
2. How many pages consist in a formal report for big projects? 10 to 150 pages or more. The number of pages for a formal report for big projects is usually 10 to 150 pages or more. It includes all the details about the project such as the methodology, findings, conclusions, and recommendations. The length of the report depends on the nature and scope of the project. For instance, a research report may be longer than a report on the implementation of a new system in an organization.
3. Chronological organizational pattern is useful in showing time relationships, such as five-year profit figures or a series of events leading to a problem. This pattern is used when presenting information in a chronological order or when the sequence is important to the understanding of the topic.
4. If you are someone who has an extensive amount of work experience and you are showing steady growth in your career, then you would benefit from using the chronological resume format. The chronological resume format is the most common and widely used format. This format emphasizes your work experience and presents your employment history in reverse chronological order.
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In the highest unemployment period of Germany
and Ukraine, identify and discuss the types of
unemployment that contribute most significantly to the unemployment
rate in this period 2005-2021
Germany and Ukraine have experienced periods of high unemployment rates between 2005 and 2021. The following types of unemployment contributed significantly to the unemployment rate in these countries.
Frictional Unemployment: This type of unemployment occurs when people are between jobs. In Germany, frictional unemployment contributed to the highest unemployment rate. Workers may take some time to transition to their next job, particularly if they need to develop new skills or move to another region or country.
Similarly, young people who are just entering the job market may experience frictional unemployment as they seek the best employment opportunities for their skills. Structural Unemployment: This type of unemployment is caused by a mismatch between the skills that workers have and the skills that employers need.
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career and wants to advance to higher level of management. Maria knows that is important to show efficiency as a server, having higher than average sale per server. This ratio is computed by Select one: a. Total sales a server is responsible for in a period of time (day, week, month) divided by number of seats in a restaurant b. Dividing total sales Maria makes in a shift by number of guests she serves in a shift c. Dividing total shift sales by number of servers working in that shift d. Dividing number of guests served in a shift by average guest check.
The correct answer is option A. Maria, who wants to advance to a higher level of management in her career, knows that it is essential to show efficiency as a server by having a higher than average sale per server.
This ratio is computed by dividing total sales a server is responsible for in a period of time (day, week, month) by the number of seats in a restaurant. Thus, the correct answer is option A.
The ratio of higher than average sale per server is essential to advance to a higher level of management. This ratio is computed by dividing total sales a server is responsible for in a period of time (day, week, month) by the number of seats in a restaurant. Maria should maintain a high level of efficiency as a server to ensure that she maintains a higher than average sale per server.
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Project Integration Management Learning After reading this chapter, you will be able to: - Describe an overall framework for project integration management as it relates to the other project management knowledge areas and the project life cycle - Discuss the strategic planning process and apply different project selection methods - Explain the importance of creating a project charter to formally initiate projects - Describe project management plan development, understand the content of these plans, and describe approaches for creating them - Explain project execution, its relationship to project planning, the factors related to successful results, and tools and techniques to assist in directing and managing project work - Apply the principles of knowledge management to the various aspects of project integration - Describe the process of monitoring and controlling a project - Define the integrated change control process, relate this to the steps for planning for and managing changes on information technology (IT) projects, and create an appropriate change control system for a project that incorporates both - Explain the importance of developing and following good procedures for closing projects - Describe how software can assist in project integration management - Discuss considerations for agile/adaptive environments
Project integration management is the coordination and alignment of different project management processes to ensure that a project is executed successfully within the determined project life cycle.
The project life cycle is a framework that provides guidance on the entire project, and project integration management is essential in managing the interactions of different project management knowledge areas. The knowledge areas, such as project scope, schedule, and cost, need to be integrated and coordinated to meet the project's objectives. The overall framework of project integration management has five key components:
Develop a project charter, develop the project management plan, execute the project plan, monitor and control the project work, and close the project. The strategic planning process is a key element of project integration management, where different project selection methods are applied. The process involves identifying and prioritizing potential projects, assessing their feasibility, and selecting the best one.
The project charter is an important component of project integration management, and it is used to formally initiate projects. It is a document that outlines the project's objectives, stakeholders, and deliverables, among other important project details.
The project management plan is developed after the project charter and describes the approach and methodology used to manage the project. The content of the project management plan varies depending on the project, but it typically includes the scope, schedule, cost, quality, and risk management plans.
Project execution involves implementing the project management plan to deliver the project deliverables. Project execution should be closely monitored to ensure that it aligns with the project plan. Factors that contribute to successful results include effective leadership, teamwork, communication, and the use of appropriate tools and techniques.
Knowledge management is essential in project integration management and involves managing the project's knowledge, information, and expertise.
The monitoring and control process is used to monitor the project's progress and performance and make any necessary adjustments to ensure the project's success. The integrated change control process is used to manage and control changes to the project's scope, schedule, and cost.
The importance of developing and following good procedures for closing projects is that it helps to ensure that the project meets its objectives and that the project team can learn from the project's successes and failures. Software can assist in project integration management by providing tools for scheduling, resource allocation, budget tracking, and risk management.
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Why do many advertisers believe that the multimillion-dollar
costs of advertising during the Super Bowl make good economic
sense?
Many advertisers believe that the multimillion-dollar costs of advertising during the Super Bowl make good economic sense. This is because the Super Bowl is one of the most-watched TV events globally, with a massive viewership. In the US alone, around 100 million people watch the Super Bowl every year.
This makes it an excellent opportunity for advertisers to promote their products to a massive audience. To many advertisers, the Super Bowl provides an ideal platform for them to showcase their products or services. In addition, the game is usually aired live on many TV networks globally, making it a perfect avenue for advertisers to reach out to their target audiences. Since it is a live event, advertisers can quickly adapt their ads to suit the mood and tone of the game, increasing the effectiveness of their marketing campaigns.
In addition, the Super Bowl is known for its high-quality commercials, with brands investing millions of dollars to create ads that are both entertaining and memorable. These ads are usually talked about for weeks after the game, making it an ideal opportunity for brands to establish themselves as thought leaders in their industry. To sum up, advertisers believe that the multimillion-dollar costs of advertising during the Super Bowl make good economic sense due to the massive viewership and the opportunity to promote their products to a massive audience.
Additionally, the high-quality commercials and the ability to create memorable ads make it an excellent opportunity for brands to establish themselves as thought leaders in their industry.
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(20) Parci and Max both utility functions for goods A and B as U = 20A0.25B0.5 with marginal utilities MUA = 5A-0.75B0.5 and MUB = 10A0.25B-0.5. Prices are PA = $2 and PB = $1. Parci has income of $360 and Max has income $450.
Find the individual and total (market) quantities demanded for goods A and B.
Total supply of A is 140 units and B is 500 units. Draw the consumption and production combinations in a graph with an Edgeworth Box and Production Possibilities Frontier.
Explain (and show on your graph above) whether this economy is in a competitive equilibrium. If not, in which directions do you expect prices to change?
Explain the efficiency conditions that must be satisfied efficient allocation of resources in this economy.
Explain how the competitive equilibrium set of prices results in an efficient allocation of resources (efficiency conditions satisfied)
The red curve is the production possibility curve, which shows the possible combination of goods that can be produced from the economy's available resources. The black curve is the indifference curve, which shows the different combinations of goods that will give the same level of utility to an individual.
The point of intersection of the two curves represents the point of equilibrium. The production possibility frontier shows the tradeoff between the production of two goods in an economy that uses all its resources efficiently.
Allocative efficiency: The economy must produce the goods and services that are demanded by consumers at a price that is equal to the marginal cost of production. This condition is achieved where the marginal rate of substitution of each consumer is equal to the price ratio.3. Pareto efficiency: The economy must reach a Pareto-efficient allocation of resources, where no one can be made better off without making someone else worse off.
Explanation of how competitive equilibrium leads to an efficient allocation of resources: The competitive equilibrium set of prices results in an efficient allocation of resources because it ensures that the marginal rate of substitution of each consumer is equal to the price ratio. This means that the goods and services are produced at the lowest possible cost, and that the consumers are able to consume the goods and services that they value the most.
When the economy is in a competitive equilibrium, the production is efficient and the allocation is allocatively efficient, which is the most efficient use of resources.
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Prompt Company acquired 80% of Slow Corporation on 1/2018. Fair values of Slow's assets and liabilities approximated book values on that date. Prompt uses the initial value method to account for its investment in Slow. On 1/2020, Prompt bought equipment from Slow for $60,000 that had originally cost Slow $120,000 and had $110,000 of Accumulated depreciation at the time. The equipment had a five-year remaining life and was being depreciated using the straight line method. You are preparing the worksheet for the 2021 fiscal year. a. Was this equipment sale upstream or downstream? b. How much excess depreciation will there be in each of the first five years after the transfer? c. How much unrealized net gain from the equipment transfer remains at the beginning of 2021 ? (This is the amount you will need for the *TA entry.) d. Which company's Retained earnings account will be adjusted in the *TA entry in part c? (Which company was the "initiator" of the transaction?) e. Prompt's 2021 net income, without including any investment income, was $440,000 and Slow reported net income of $137,000 in 2021. What consolidated income will be reported before removing the noncontrolling interest's share of the subsidiary's net income? (This includes the effect of the ED entry.) f. What will the noncontrolling interest's share of the subsidiary's net income be for 2021? (Consider whether the equipment sale had been upstream or downstream.)
Downstream sale as the equipment was sold by the subsidiary to the parent company.
The excess depreciation for the next five years will be calculated as follows: For Slow Corp:
Year 1 - ($60,000 - $110,000) / 5 = $10,000
Year 2 - ($60,000 - $120,000 + $10,000) / 5 = $12,000
Year 3 - ($60,000 - $120,000 + $10,000 + $12,000) / 5 = $14,000
Year 4 - ($60,000 - $120,000 + $10,000 + $12,000 + $14,000) / 5 = $16,000
Year 5 - ($60,000 - $120,000 + $10,000 + $12,000 + $14,000 + $16,000) / 5 = $18,000
For Prompt Company:
Year 1 - $10,000
Year 2 - $12,000
Year 3 - $14,000
Year 4 - $16,000
Year 5 - $18,000
Unrealized net gain from the equipment transfer will be $14,000 as follows:
Equipment fair value at the time of sale = $60,000
Accumulated depreciation at the time of sale = $110,000
Book value of equipment = $120,000 - $110,000 = $10,000
Gain on sale = $60,000 - $10,000 = $50,000
Excess depreciation from Slow Corp in Year 3 = $14,000 ($60,000 - $120,000 + $10,000 + $12,000 + $14,000) / 5
= $14,000
Unrealized net gain = $50,000 x 3/5
= $30,000 + $14,000
= $44,000d.
Slow Corporation's Retained earnings account will be adjusted in the TA entry.
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Radical innovations
A) often result in quick profits.
B) often occur because of technological change.
C) usually apply simultaneously to products and processes.
D) are a form of contentious innovation
Radical innovations often occur because of technological change, as they involve significant advancements in technology that lead to transformative changes in products, services, or processes.
The correct option is B
Radical innovations, by definition, are significant and transformative changes in products, services, or processes. They often involve the introduction of entirely new technologies or a significant improvement in existing technologies. Therefore, option B) often occur because of technological change, is the most accurate answer.
Radical innovations can result from advancements in scientific research, engineering, or even societal changes. These innovations can disrupt industries, create new markets, and revolutionize the way we live and work. For example, the invention of the personal computer and the internet were radical innovations that fundamentally transformed the way we communicate, access information, and conduct business. On the other hand, options A) often result in quick profits and C) usually apply simultaneously to products and processes are not necessarily true for all radical innovations. While some radical innovations may indeed lead to quick profits, others may require significant investments and take time to become profitable. Similarly, radical innovations can be applied to either products or processes individually, not necessarily simultaneously.
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comparing a monopolistically competitive firm and a perfeclty competitive firm iwth the same cost curves
In comparing a monopolistically competitive firm and a perfectly competitive firm with the same cost curves, there are a few key differences to consider. They have a steeper marginal revenue curve compared to a perfectly competitive firm.
In a perfectly competitive market, there are many buyers and sellers, and each firm produces an identical product. The firms are price-takers, meaning they have no control over the price and must accept the market price. They have a horizontal demand curve, and their marginal revenue is equal to the price. This leads to a situation where firms produce at the minimum point on their average cost curve in the long run, resulting in zero economic profit.
On the other hand, in a monopolistically competitive market, there are still many firms, but each firm produces a slightly differentiated product, which leads to some degree of market power. Firms in this market have a downward-sloping demand curve, meaning they can set their own price to some extent. They have a steeper marginal revenue curve compared to a perfectly competitive firm. In the long run, monopolistically competitive firms may earn positive economic profit, as they can differentiate their products and create a brand or loyal customer base.
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Which of the following procedures will not help prevent ghost employee schemes?
a. The personnel records are maintained separately from the payroll and timekeeping functions.
b. The personnel department conducts background and reference checks on all prospective employees before hiring them.
c. The person responsible for hiring new employees also supervises the payroll function.
d. The personnel department verifies all changes to the payroll.
c. The person responsible for hiring new employees also supervises the payroll function.
The procedure that will not help prevent ghost employee schemes is c. The person responsible for hiring new employees also supervises the payroll function. A ghost employee scheme involves creating fictitious employees on the payroll who do not actually work for the company. The scheme allows for fraudulent payments to be made to these nonexistent employees, resulting in financial loss for the organization. To prevent such schemes, it is important to have segregation of duties and internal controls in place. Option c is problematic because it violates the principle of segregation of duties. The person responsible for hiring new employees should not also supervise the payroll function. This lack of segregation creates an opportunity for collusion and manipulation of the payroll system, potentially enabling the creation of ghost employees without detection.
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The desire of capitalist employers toen was down yet their reliance on high wage earners to buy their products is an example of which of the following theories of deviance? A. strain theory B. opportunity theory C. differential association theory D. structural contradiction theory
Strain theory economic factors and inequalities can contribute to deviant behavior, as individuals may resort to illegal or unconventional means to address their frustrations and pursue their goals.
in the face of limited opportunities or resources. The theory of deviance that best fits the described scenario is A. strain theory. Strain theory suggests that deviance arises when there is a disconnection between socially accepted goals and the means to achieve them. In this case, the desire of capitalist employers to lower wages reflects a strain between their goal of maximizing profits and their reliance on high wage earners as consumers. By lowering wages, they limit the purchasing power of potential customers, leading to a contradiction in their goals and means. This strain can potentially push individuals to engage in deviant behavior as they seek alternative ways to meet their needs or maintain their desired lifestyle.
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