Undoing the flag of edits from the status of 'pending' and correcting them to 'completed' will help in making the updated information appear on the changes being made to the business listing.
Business listings can be referred to or considered as the mentioning of an entity with respect to the name and other important credentials of the business. However, it is also to be noted that the business listings are not limited to the scope of only its credentials for a large of it. The business listings can be identified with the help of innumerable citations.
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Answer:
its D trust me
Explanation:
suppose that a vaccine is developed for a highly contagious strain of flu. the likelihood that anyone will get this flu decreases as more people receive the vaccine. what is consumer surplus when p
When the supply and demand are equal, it is attained. Equilibrium price and equilibrium quantity are a particular quantity and price at which this happens occurs where demand and the supply curves meet.
What is Equilibrium?Economic equilibrium is a state of affairs when supply and demand, for example, are balanced and the values of other economic variables do not vary in the absence of outside influences. For instance, equilibrium exists when the quantity demanded and the quantity provided are equal, as in the traditional text perfect competition. The market is said to be in equilibrium when a price is determined by competition and the quantities of goods or services demanded by buyers and offered by sellers are equal. The amount is known as "competitive quantity" or market clearing quantity, and the price is frequently referred to as the competitive price or market clearing price. This pricing has a tendency to remain stable absent changes in supply or demand.
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true or false: it does not make sense for some financial statement elements (such as goodwill or long-term debt) to be reported on a minute-by-minute basis.
True, it doesn't make sense to publish certain financial statement components (such asset or long-term debt) minute by minute.
Financial statements: what are they and examples?The records of a business's finances and operations over a specific time period are called financial statements. Financial statements display a company's financial health and success. The cash flow, cash flows, and the cash flow statement are the three primary financial statements.
Financial statements? What do you mean?Income accounts are a collection of records that demonstrate the financial standing of your business at a given period. They provide important information regarding the assets and debts of a business as well as its earnings and expenses.
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Money represents anything that can be exchanged for goods and services or for the: a. return of defective goods. b. payment of debt. c. benefits of ownership. d. personal well-being of holders.
Money represents anything that can be exchanged for goods and services or for the payment of debt. Thus, option B is correct.
What is Money?
Any tangible object or indisputable account that is universally recognized as a purchase for items and services as well as the return of obligations, such as levies, in a certain nation or sociopolitical setting is referred to as money.
Any object or method of trade that is recognized by individuals as compensation for services and products or as a means of debt payments is referred to as money.
The universe revolves around money. Money is essential to nations because it enables trade and fuels financial expansion. Therefore, option B is the correct option.
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A shopper in a super market pushes a loaded acrt with a horizontal force of 12 n. how far will the cart move in 3.5 s starting from rest? how far will the cart move in 3.5s if the per places an 85 n child in the cart is pushing
The cart of the supermarket will move 2.296 m if per places an 85 n child in cart is pushing.
What is a supermarket?In a supermarket, customers can self-serve and choose from a variety of food, drink, and household item options. While this sort of store is bigger and has a wider selection of items than earlier grocery stores, it is smaller and provides a narrower range of products than a hypermarket or big-box retailer. Typically, the store will have fresh meat, veggies, dairy, deli foods, baked goods, etc. In addition, shelf space is allocated for canned and packaged foods as well as a variety of non-food items like cookware, pet supplies, cleaning supplies, and household cleaners. As well as selling common household things like clothing, wine, and medications, some supermarkets also carry a far wider selection of non-food items including DVDs, toys, seasonal goods, and sporting goods.
New distance=3.5*0.656=2.296m
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the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. then, in that range,
As the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines, then, in that range, b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1.
In the field of business, elastic demand refers to a phenomenon in which the demand for a product is affected by the increase or decrease in the price of that product.
When a government imposes an increased per-unit tax on producers, the price of the product will increase. As a result, the demand for the product will decrease in the market. The producers will make a lesser amount of the product due to which the total tax revenue will decrease. The coefficient of price elasticity will become greater than 1 in this case.
Although a part of your question is missing, you might be referring to this question:
The government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. Then, in that range,
a. the demand is inelastic and the coefficient of price elasticity of demand is less than 1
b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1
c. the demand is inelastic and the coefficient of price elasticity of demand is greater than 1
d. the demand is elastic and the coefficient of price elasticity of demand is less than 1
e. the demand is elastic and the coefficient of price elasticity of demand is equal to 1
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Which one of the following is NOT a Global Location Decision Factor O A. Franchising O B. Labor Issues O C. Quality of Life Issues O D. Business Clusters
Franchising is Also not a Transnational Centralised Decision Factor, claims the claim.
What do regional business clusters entail?A cluster is a collection of businesses that use comparable technology, pool local resources, and collaborate and establish partnerships. These connections can be made through associations, lobbying, turnover and staff "piracy," cooperative marketing, teaching, or research projects, and partnerships between buyers and suppliers.
What is the collective grouping of enterprises known as?Industry clusters, often referred to as clusters or competitive clusters, are collections of related , similar businesses that are crucial to the success of local economic development. Clusters provide for the interchange of suppliers, the growth of specialized worker skills and skills, and the sharing of a shared market.
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pawprints paint recently went public in a best efforts offering. the company offered 75,000 shares of stock for sale at an offer price of $39 per share. the administrative costs associated with the offering were $315,000 and the underwriter's spread was 6.5 percent. after completing their sales efforts, the underwriters determined that they sold a total of 71,200 shares. what were the net proceeds to the company?
Pawprints paint was recently announced as the best practices offer. The company had net proceeds of $2,281,308.
Net proceeds are the sums obtained by the seller in a transaction involving the sale of an asset after subtracting all costs and expenditures from the gross proceeds.
The full amount of income earned is referred to as proceeds. Only the amount collected over the cost of purchasing the products sold constitutes a profit. The words income or revenue are favored over proceeds in business and finance. Profit is a word frequently used in business.
Net proceeds to the company =
Number of shares sold × offer price of share × (1 - percentage of underwriter spread) - administrative costs
Net proceeds to the company = 71200 × 39 × (1 - 6.5%) - 315000
Net proceeds to the company = $ 2281308
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which of the following is deducted from the total selling and administrative expense budget to determine the cash disbursements for selling and administrative expense budget?
The cash distribution for the selling and administrative expenditure budget is calculated by subtracting the depreciation expense from the total.
When an asset is depreciated for a specific period, the cost of the asset reflects how much of its value was used up during that year. The total amount of depreciation expenditure assigned for an asset after it was first used is known as accumulated depreciation.
Companies can recoup the cost of an item at the time it was acquired thanks to depreciation. Instead of recovering the full cost of an asset at the time of purchase, this technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of income in the future.
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ads was designed to deliver three things to every advertiser: relevance, control, and results. it provides relevance by connecting advertisers with the right people at the right time. it provides results by charging only when you get a click. how does ads provide control?
The main goal of advertising is to increase consumer awareness of the product. relevance, control, and results are designed.
What is an advertiser?
A business that makes transactions within the mobile advertising ecosystem is known as an advertiser. In mobile advertising, the advertiser is often an app or company that wants to promote a certain message about its goods. The advertiser is responsible for carrying out market research, collaborating with the sales and design teams to create targeted television ads, reviewing audiovisual ads to ensure a unified brand voice, and monitoring the success of ad campaigns to calculate return on investment and direct future marketing.
someone whose job it is to choose the price, target market, and advertising strategy in order to persuade consumers to purchase a certain company's goods. Advertising should ideally grab potential customers' attention and persuade them to use the product. Whatever the method, your company's unique positioning statement should be reflected in all of your marketing efforts.
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Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions):Cash paid to acquire machinery $ 38 Reacquired Peridot common stock 60 Proceeds from sale of land 95 Gain from the sale of land 54 Investment revenue received 72 Cash paid to acquire office equipment 88 In its statement of cash flows, Peridot should report net cash outflows from investing activities of:Multiple Choice:$31 million.$35 million.$90 million.$109 million.
Peridot should report $41 million as net cash inflows from investing activities.
The company's transactions over a given financial period are divided into three divisions on the cash flow statement: operating, investing, and financing.
Operating operations include taxes as well as the net profit or loss, depreciation, changes in current assets (other than cash), and liabilities.
Selling assets, collecting interest, and buying investments are examples of investing activities, whereas issuing stocks, paying down debt (paying off loans), issuing debt instruments, and other financing operations are examples.
An increase in liabilities is an inflow whereas an increase in assets other than cash is an outflow. While non-cash revenue, such as gains on assets, is subtracted from net income, depreciation and other non-cash expenses are added back.
Net cash inflows from investing activities for Peridot (in millions)
= -$38 + $95 + $72 - $88
= $41 million
While the acquisition of own shares is a financing transaction, the gain from the sale of land will be subtracted from the net income under the cash flows from operating activities.
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financing a persistent budget deficit. by money creation will a. lead to a sustained stagnation. b. lead to a sustained inflation. c. lead to a sustained deflation. d. not affect prices.
Financing a persistent deficit by money creation will lead to a sustained inflation.
What is inflation?The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation. One of the most well-known words in economics, perhaps. Countries have experienced protracted periods of instability due to inflation. In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money. Demand-pull, cost-push, and inflation expectations are the three basic sources of inflation that can be categorised broadly.
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when analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from financing activities generally are affected by:
when analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from financing activities generally are affected by: cash flow
The amount that has been utilized or created through investments is shown by cashflow from investing activities. These include cashflow from the sale or purchase of non-current assets like real estate, machinery, and equipment.
The net quantity of money and money-equivalents coming into and going out of a firm is called cash flow. Positive cash flow shows that a company's liquid assets are growing, allowing it to pay off debts, reinvest in its operations, distribute profits to shareholders, cover expenditures, and act as a safety net against upcoming financial difficulties.
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are employed by brokerage firms and execute orders for clients on the NYSE. a. Specialists b. Commission brokers c. Venture managers d. Dealers.
Brokerage companies employ dealers, who carry out client orders on the NYSE.
What is the Commission in EU law?Its executive branch of a EU is the European Commission. This means it is in charge of creating legislation, upholding EU laws, and managing EU policies. It is headquartered downtown Amsterdam and has 27 commissioner, each from a different member state.
How is commission paid out?An employee who receives a commission receives a share of the proceeds from the transaction. An employee might make $50 from selling a couch for $500 if they receive an 10% commission on any and all sales.
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taking negative measures to shift the satisfaction level in the buyer-seller relationship may achieve long-term objectives, but may negatively affect the relationship in the short-term.
Taking negative measures to shift the satisfaction level in the buyer-seller relationship may achieve long-term objectives, but may negatively affect the relationship in the short-term True.
The layout technique and the advent of latest designs is quicker because of in advance dealer and shopping involvement. In this first, foundational step, the organization identifies all of its providers and categorizes them via way of means of their significance to the business, thereby making sure that the providers maximum vital to fulfillment get the proper quantity of attention.
The fundamental goal of deliver chain control is to make sure minimal price and most performance in each element of dealing with of uncooked material, element components and completed items as they flow from manufacturing center to the very last consumer.
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other things the same, if reserve requirements are increased, the reserve ratio question 14 options: increases, the money multiplier increases, and the money supply increases. increases, the money multiplier decreases, and the money supply decreases. decreases, the money multiplier increases, and the money supply increases. decreases, the money multiplier decreases, and the money supply increases.
The reserve ratio, the money multiplier, and the money supply all fall as reserve requirements rise.
In the absence of additional measures, raising the reserve requirement ratio lowers the number of deposits that can be maintained by a certain level of reserves, lowers the money supply, and raises the cost of credit.
A greater reserve requirement denotes a contractionary monetary policy of the Federal Reserve. There will be less money available to lend to individuals and companies if banks have greater reserve requirements.
Lowering the reserve ratio is one way the central bank may expand the amount of money in the economy. As a result, commercial banks have more money available to lend out, which raises the amount of money in an economy.
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mastertech furniture company makes chairs. when walmart orders finished chairs from mastertech, it creates what type of demand on inventory?
When Walmart orders finished chairs from Master-Tech, it creates independent type of demand on inventory.
All the products, resources, and things that a company keeps on hand in anticipation of selling them to customers for a profit are referred to as inventory. In this case, just the newspaper will be regarded as inventory if the seller delivers newspapers to clients using a vehicle.
Because a business spends money on inventory, which it later sells to generate income, inventory is a form of asset. A liability may develop if inventory does not sell as rapidly as anticipated.
Inventory management's main goal is to prevent overstocking or excess inventory while making sure there are enough products or materials to satisfy demand.
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the plant-wide rate approach is the simplest to apply, but it is also the most costly to implement, compared to a departmental or activity-based cost allocation system.
Although it is the easiest and least expensive to implement, the plantwide rate approach offers the least accurate way to estimate product costs.
When a business allocates all of its manufacturing overhead expenses to products or cost items, it does so using a single overhead rate known as the plantwide overhead rate. In smaller organizations with straightforward cost structures, it is most frequently used. In the following cases, using a plantwide overhead rate is acceptable:
Because the overall amount of overhead to be allocated is so negligible, it is not required to use several allocation rates to increase allocation accuracy;
The various firm departments' offerings are remarkably similar to one another in terms of services;
The use of a single allocation base to distribute all of the overhead costs is appropriate. On the other hand, if a business has a lot of overhead to distribute, a single plantwide overhead rate is unacceptable.
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suppose that a price-discriminating producer divides its market into two segments. if the firm sells its product at a price of $34 in the market segment with relatively less-elastic customer demand, the price in the market segment with more-elastic customer demand will be
The price in the market segment with more-elastic customer demand will be less than $34.
Price discrimination occurs when a seller charges different rates for the same good or service to different customers for reasons unrelated to variations in cost. We shall examine the circumstances, goals, and equilibrium of price discrimination in this article.
Price discrimination is conceivable in the situations
1) The seller must have some degree of control over the product's supply. It takes monopoly strength like this to differentiate prices.
2)The market should be split into at least two submarkets by the seller (or more).
3)The product's price elasticity must vary depending on the market. The monopolist can therefore charge a high price to customers whose price-elasticity of demand for the good is lower than 1. In other words, even if the supplier raises the price, these customers do not cut back on their purchases
4)The product shouldn't be able to be sold to customers from the high-priced market by low-priced customers.
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The price in the market segment with more-elastic customer demand will be less than $34.
Price discrimination occurs when a seller charges different rates for the same good or service to different customers for reasons unrelated to variations in cost. We shall examine the circumstances, goals, and equilibrium of price discrimination in this article.
Price discrimination is conceivable in the situations
1) The seller must have some degree of control over the product's supply. It takes monopoly strength like this to differentiate prices.
2)The market should be split into at least two submarkets by the seller (or more).
3)The product's price elasticity must vary depending on the market. The monopolist can therefore charge a high price to customers whose price-elasticity of demand for the good is lower than 1. In other words, even if the supplier raises the price, these customers do not cut back on their purchases
4)The product shouldn't be able to be sold to customers from the high-priced market by low-priced customers.
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What mode of transportation is limited to specialized products such as liquids and gases?.
Transporting liquids including oil, water, chemicals, and liquefied gases requires the usage of tanker trucks.
Quiz: Which mode of transportation is restricted to specialist goods like liquids and gases?Pipelines: very specialized and only used for slurry-like liquids, gases, and solids. There is no need for packing, and the cost per mile is inexpensive.
Which kind of transportation is responsible for the most product movement?The supply chain's most popular method for moving products is by far trucks. The American transportation system transfers more than 50 million tons of freight, worth more than $50 billion, every day on average. Whereas other modes of transportation cannot, trucks can.
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fitchpo company reports in its 2019 10-k, sales of $565 million and cost of goods sold of $226 million. for next year, you project that sales will grow by 6% and that cost of goods sold percentage will be 1 percentage point higher. projected cost of goods sold for 2020 will be:
$246 million is the cost of goods sold for 2020
% COGS of sales FY2019=226/565=40%
FY2020 Sales=FY2019 Sales
1.06=5651.06=$598.9
So, FY2020 COGS=598.9*(40%+1%)=$245.55= $246
What is cost of goods sold?
The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution.
In order to compute cost of goods sold (COGS), one must first determine the value of inventory at the start of the study period, then add the cost of any new inventory acquired throughout the study period, and then deduct the value of inventory held at the end of the study period.
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Cultivation Theory is a critical theory because it
a. focuses on television viewing and the influence of television
b. is concerned with the way that communication perpetuates the dominance of one group over another
c. uses a causal argument
Because it is concerned with how communication upholds the dominance of one group over another, Cultivation Theory is a critical theory.
What is Cultivation Theory ?
The long-term consumption of media alters how people perceive the world and behave in daily life, according to the communications and sociological theory known as "cultivation."
According to this theory, people who are exposed to the media interpret social realities based on how those realities are portrayed in the media.
The ability of television to maintain and homogenize viewpoints within a society is an illustration of the cultivation theory. Compared to kids who don't watch commercial TV, kids who do have noticeably more sex-stereotypical views of women and men.
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retail specialties just announced that its chief operating officer is retiring at the end of this month. this announcement will cause the firm's stock price to: group of answer choices increase. remain constant. either increase, decrease, or remain constant. either increase or remain constant.
Retail Specialties has announced that its chief operating officer will retire at the end of this month. The announcement could cause the company's stock price to rise, fall or remain constant.
How do you calculate your company's price?Company valuation by stock price: If a company's shares are already publicly traded, the easiest way to calculate market value is to multiply the number of shares outstanding by the current price at which the shares are sold on the relevant stock exchange.
What is a company's share price?The term stock price refers to the current price at which a stock is traded on the market. All publicly traded companies receive a price when they issue shares. This is a value attribution that ideally reflects the company's values.
Why is a company's stock price important?A company's stock price reflects investors' perception of its ability to generate profits and grow in the future. If shareholders are happy and the company is performing well, as reflected in the stock price, management is more likely to retain jobs and receive raises.
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if the treasury pays a large bill to defense contractors and as a result its deposits with the fed fall, what defensive open market operations will the manager of the open market desk undertake?
When the Treasury pays a sizable bill to the defense contractors and its deposits with the Fed shrink, the manager of the open market desk will execute an open market sale of government securities.
The Federal Reserve uses open market operations (OMOs), which are central banks' Treasury purchases and sales of assets on the open market. The Federal Open Market Committee establishes the short-term goal for open market operations manager (FOMC). In most nations, the center of the financial markets is the market for government securities. It deals with tradable debt instruments that the government has issued to meet its funding needs.
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Employees of cnn saw military boats around d. C. And people said they heard gunfire. Cnn reported military action; however, there was no gunfire and the coast guard merely was training. The next day, newspapers reported the miscommunication and helped clarify the confusion. This illustrates which advantage of written communication?.
It gives us the chance to communicate our views, share information, and express our emotions. All of us must communicate.
Explain what communication is.Giving, receiving, and sharing data are all an element of communication, which can occur orally, in writing, through listening or reading, or through any combination of these. Effective communicators respect people, listen carefully to what they have to say, and speak or write clearly.
What definition of communication is the most precise?Trying to get information from one side to another is the main goal of communication. The activity or act of exchanging, expressing, or conveying ideas by writing, speaking, and gesturing is referred to as communication, according to Merriam-Webster Dictionary.
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the cumulative amount of a tangible asset's cost that has been depreciated in all prior years plus the current year is called
The cumulative amount of a tangible asset's cost that has been depreciated in all prior years plus the current year is called accumulated depreciation.
The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation. The beginning cumulative depreciation balance is increased with each period's depreciation expense. In the balance sheet, an asset's carrying value is determined by subtracting its accumulated depreciation from its historical cost. An asset's carrying value on the balance sheet will correspond to its salvage value at the end of its useful life. A business credits accumulated depreciation and debits depreciation expense when recording depreciation in the general ledger.
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scenario: assume that empathy state bank begins with the balance sheet shown and is not fully loaned-up. if this bank is subject to a reserve requirement of 5%, how much more can it loan out if it wants to be fully loaned-up?
Assume that the balance sheet for Empathy State Bank is the starting point and that it is not fully leveraged. If a 5% reserve requirement applies to this bank, it may lend if it desires to be fully lent up. $5000.
What is the concept of the passage?The balance sheet shows a company's assets, liabilities, and owner equity as of any particular date. A balance sheet is often generated at the end of certain periods.
An accounting balance sheet has two columns. The column on the left contains a list of the company's assets. A balance sheet gives you a brief snapshot of the financial state of your business at any particular time. Business leaders can examine the financial health of their company using a balance sheet, an income statement, and a cash flow statement.
Thus, Assume that the balance sheet for Empathy State Bank is the starting point.
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what challenges did toby johnson face when she first took over as manufacturing manager at the williamsport plant?
Employees expressed concern about the lack of funds for training and maintenance parts, which could jeopardize future performance, as well as a perceived lack of communication between management and front-line team members.
What does she do right away when she gets there?Johnson organized a meeting for the entire facility on her first day to introduce herself to the teams for the three shifts. "I'm not going to speculate as to what your priorities are even though I'm aware that there are numerous. I'd want to hear your response.," she continued, giving the staff members permission to express their worries."Communication was the best approach to tap into that pride and enthuse individuals," Johnson said, realizing that the Williamsport team's potential only needed to be channeled.Since their objectives usually differed from those of management, as was made clear during the first plant-wide meeting, Johnson would need to win over the front line.Johnson arranged one-on-one meetings with each and every employee at the facility in order to forge the necessary ties. Johnson's collaborative management style was evident in the unofficial gatherings. She wanted to make an introduction, get to know each person on her team, and get their thoughts on various plant-related issues.According to Johnson, employees felt that management and members of the front-line team did not communicate effectively, and there was worry about a lack of funding for maintenance and training components, which could risk future performance.Johnson presented the concepts to the other members as the discussion progressed. Attitudes began to shift as trust increased.Keith Godfrey, a 32-year Williamsport employee who oversees the processing business unit, credited Johnson for the change, saying, "When someone comes in, Almost immediately, I can tell if they will succeed at the company or not. How they interact with those on the floor is most crucial. Toby has the capacity to inspire self-assurance in those who are around her."As Johnson strolled the manufacturing floor, she made sure to keep trying to get to know the workers as individuals by enquiring about their weekends or families. She did this because she was aware of how simple it would be for the one-on-one sessions to seem like yet another managerial gimmick.Learn more about collaborative management style: https://brainly.com/question/29484815
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question 8 imagine a designer is applying for a job at a new design firm. they want to highlight their ability to collaborate with a team. how can they convey this to the firm’s recruiter?
The project's name and version ought to be included in a file name.No.The date, the author, and the version number must all be included in a file name.
Because content is interconnected in a variety of ways, which website structure enables users to follow their own path?
Matrix Structures Because content is linked in a variety of ways, a matrix structure lets users choose their own path.The principles of hypertext, or HTML, are fully utilized in this type of structure.
Why is a portfolio crucial when applying for a job?
A portfolio is a collection of records that changes over time and shows your skills, experiences, accomplishments, and other qualities.It discusses your life experiences, values, and accomplishments, as well as some of your best work.
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scenario 13-2 kachina owns a computer consulting business to help senior citizens learn how to use their ipads. kachina charges $25 per hour for her services. she also works 5 hours a week for the economics department to maintain the department's web page. the economics department pays kachina $20 per hour. refer to scenario 13-2. if kachina can work additional hours at either job, what is the opportunity cost if she spends one hour reading a book?
The $25 per hour opportunity cost, which represents a lost best option, is $25.
What is an example of opportunity cost?
Time spent studying and money used for other purposes are the opportunity costs.Wheat is planted by a farmer;Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.
What is the simple definition of opportunity cost?The value of what you must give up in order to choose something else is known as the opportunity cost in economics.
What exactly does opportunity cost mean?The value of what you lose when choosing between two or more options is called the opportunity cost.There are trade-offs in every option, and the opportunity cost is the potential advantages you will miss out on if you choose one path over another.
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g how is collusion used in oligopoly markets? what is a cartel? are they legal? give one example of either collusion or a cartel that has occurred in the past.
When oligopoly enterprises collaborate and behave as one company, this is called collusion.
How is collusion used in oligopoly markets?
In order to limit output and obtain the monopoly price, cooperating enterprises must come to an explicit or tacit agreement. Oligopolistic businesses can raise prices, limit industrial output, and split profits among themselves by banding together. Collusion occurs when businesses cooperate to decrease output and maintain high prices.
What is a cartel?
A cartel is a group of people who come together to control the supply of a product in order to advance their own interests.
Cartels are typically regarded as illegal under antitrust laws in the United States. A drug cartel is referred to as a cartel in criminal law.
The Organization of the Petroleum Exporting Countries (OPEC) is frequently cited as an example of a cartel in the oil and gas sector.
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