Final answer:
Joey's expertise in applying custom paint and decals with perfection and speed at the bicycle factory exemplifies job specialization, resulting in higher efficiency and quality in production.
Explanation:
Joey's recent assignment at the bicycle factory, where he applies custom paint and decals with perfection and speed, is an example of job specialization. The concept of job specialization is a staple in the modern industrial production system, wherein workers become exceptionally skilled at a specific task. As they focus on one aspect of production, they often have the ability to produce faster and with higher quality. Specialized workers, just like Joey, can improve the efficiency of a production line significantly, which is why his supervisor chooses to keep him in that position.
By repeating the same task, Joey has likely developed a proficiency that allows him not only to apply the paint and decals flawlessly and but also to do so with impressive speed. The efficiency gained from specialization is also reflected in the history of industrialization, with examples such as the moving assembly line where each worker performs a specific operation. This increased efficiency leads to standardized production but can often result in lower individual wages since the skills become more focused and less varied.
He type of company that sells securities specializing in real estate ventures, and requires a minimum of 100 investors, is known as:
The law of diminishing returns is often used to analyze the ideal amount of which factor of production?
Answer:
labor
Explanation:
Theoretically, the law of diminishing returns could apply to the three factors of production (labor, land and capital), but it is generally used to analyze the amount of production that will be gained by adding additional units of labor. Usually additional units of labor tend to produce diminishing levels of output, e.g. a single extra worker will be able to produce 40 units per day, while another extra worker will only produce 37 units per day.
A politician states "taxes should be raised to provide more spending on school lunch programs." this is
What was bought by peter minuit for twenty-four dollars' worth of trade goods?
The coding system that is used primarily for reporting diagnoses for hospital inpatients is known as:
When steve jobs was ceo of apple his charisma, marketing skills, and technical vision helped create a(n) ____ at apple that made it the leader in mobile devices?
Final answer:
Steve Jobs instilled a comparative advantage in Apple, making it a leader in mobile technology by leveraging global production and the U.S.'s prowess in design and marketing.
Explanation:
When Steve Jobs was CEO of Apple, his charisma, marketing skills, and technical vision helped create a comparative advantage at Apple that made it the leader in mobile devices. Understanding the concept of comparative advantage, we see that the U.S. has excelled in the design and marketing of high-tech devices like the iPhone.
Countries like China and Korea also play a significant role in Apple's success story by focusing on assembly and components production respectively, where they hold their comparative advantages.
Apple's strategy leverages the global assembly line, outsourcing where it is most advantageous. This approach allows Apple to benefit from lower costs while maintaining high-quality standards. This production strategy, combined with Jobs' leadership and vision, solidified Apple's position as a global leader in mobile technology.
The set of instructions that a computer will follow is known as
When a manager compares employees to each other rather than to job performance standards in the performance review process, this is known as what type of rater error __________. contrast errors recency errors rater bias errors central tendency errors?
Final answer:
Contrast errors occur when a manager compares employees to one another rather than to job performance standards during performance evaluations. Rater errors like these undermine the accuracy of the assessments and may require strategies to mitigate their impact in systems like the 360-degree performance appraisals.
Explanation:
When a manager compares employees to each other rather than to job performance standards in the performance review process, this is known as contrast errors. Contrast errors are a type of rater error that can occur during performance evaluations when the person conducting the appraisal compares an individual not against a standard set of criteria, but against other employees. This comparison can lead to skewed results that do not accurately reflect an employee's performance or potential.
Rater errors can significantly impact the integrity of performance appraisals and the validity of the results they produce. Other forms of rater errors include recency errors, where recent performance is weighed more heavily than earlier performance; rater bias errors, influenced by personal prejudices; and central tendency errors, where raters avoid extreme ratings and rate most employees as average.
In a 360-degree performance appraisal, such biases can be mitigated to some extent by incorporating feedback from multiple sources, including supervisors, peers, subordinates, and sometimes customers, as well as the employees themselves. However, even in these systems, awareness and mitigation strategies for rater errors are critical to maintain the process's integrity and usefulness.
Gomer decides to spend an hour playing basketball rather than studying. his opportunity cost of playing basketball is:
What are three natural resources that are saved by recycling steel?
Obesity is considered a behavioral risk or for many affluent nations. in the united states, it is currently estimated that _____ percent of all adults are overweight.
You and seven other people relay your feelings and thoughts about a potential new product to a trained moderator. in exchange, you receive a small payment. you are participating in a(n) ________.
What does a charter and a joint stock company have in common?
What is the main reason it is important to prioritize your focus on particular design purposes?
Is maryland state income tax currently being withheld from your paycheck?
Whether or not Maryland state income tax is being withheld from a paycheck depends on the employer and the state tax laws. Usually, employers withhold state income tax and pay it to the state. The amount withheld can be influenced by one's W-4 form.
Explanation:Given the nature of your question, it cannot be directly answered since the person you asked is a tutor. However, I can explain to you about state income tax with regard to your paycheck. Technically, whether or not Maryland state income tax is being withheld depends on one's employer and the state tax laws. In Maryland, if you are an employee, your employer typically withholds state income tax from your wages and pays it to the state on your behalf. This process is the same in most states. However, how much is withheld can be influenced by how you fill out your W-4 form which records your withholding allowance.
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A retriever would most likely be used for what type of hunting?
If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)?
The future value of an investment of $700 at a nominal interest rate of 10% compounded monthly after 21 months is approximately $798 when rounded to the nearest dollar.
Explanation:In this case, we are dealing with a savings account with a nominal rate of interest of 10% compounded monthly. It's important to remember that the more frequently interest is compounded, the higher the overall return on investment. When the interest is compounded monthly, the nominal interest rate is divided by the number of compounding periods in a year (i.e., 12 months).
The formula we'll use to calculate the future value of an investment when interest is compounded monthly is as follows:
FV = P (1 + (r/n))^(nt)
Where:
FV = Future Value
P = Principal amount (initial investment)
r = annual nominal interest rate in decimal form (i.e., 10% = 0.10)
n = number of times interest is compounded per year
t = time the money is invested for in years
Since we're dealing with months rather than years, we'll adjust the formula to account for this, giving us:
FV = $700 (1 + (0.10/12))^(12*21/12) = $798 upon rounding to the nearest dollar.
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The investment will be worth $834 after 21 months, given a 10% annual interest rate compounded monthly. The calculation used the compound interest formula:
FV = P [tex](1+r/n)^{nt}[/tex] This involved substituting the principal amount, the interest rate, the number of compounding periods per year, and the time in years into the formula.
Calculating Future Value of an Investment with Monthly Compounding
To determine the future value of a $700 investment with a 10% nominal annual interest rate compounded monthly over 21 months, we use the compound interest formula:
Future Value (FV) = P[tex](1+r/n)^{nt}[/tex]
Where:
P = Principal amount ($700)
r = Annual nominal interest rate (10% or 0.10)
n = Number of times interest is compounded per year (12)
t = Time the money is invested (21 months or 21/12 years)
Substituting the values into the formula:
FV = 700 [tex](1+0.10/12)^{12*21/12}[/tex]
Simplifying inside the parentheses first:
(1 + 0.10/12) = 1 + 0.0083333 ≈ 1.0083333
Then computing the exponent:
12 * (21/12) = 21
Raising the base to the exponent:
1.0083333²¹ ≈ 1.191017
Finally, multiplying by the principal amount:
FV ≈ 700 * 1.191017 ≈ 833.71
Rounding to the nearest dollar, the investment will be worth $834 after 21 months.
Which organization pursues standards for internet of things (iot) devices and is widely recognized as the authority for creating standards on the internet?
What is the name of the federal agency that regulates the investment industry?
The federal agency that regulates the investment industry in the United States is the Securities and Exchange Commission (SEC).
The Securities and Exchange Commission (SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation. It was created by Congress in 1934 as the first federal regulator of the securities markets. The SEC promotes full public disclosure, protects investors against fraudulent and manipulative practices in the market, and monitors corporate takeover actions in the United States.
The SEC is composed of five commissioners appointed by the President of the United States with the advice and consent of the Senate. Their terms last five years and are staggered so that one commissioner's term ends on June 5 of each year. The SEC's staff is organized into divisions and offices, with each division and office having a specific enforcement responsibility. These include the Division of Corporation Finance, the Division of Trading and Markets, the Division of Investment Management, the Division of Enforcement, and the Office of Compliance Inspections and Examinations.
By ensuring that investors have access to all material information about a company, the SEC aims to enable investors to make informed decisions about buying and selling securities. The SEC also works with other federal and state agencies, self-regulatory organizations, and international regulators to facilitate and enforce laws governing the securities industry."
The area of a project site that is used by the building structure, defined by the perimeter of the building plan is the:
The building footprint is the portion of the project site that the building structure occupies and is delineated by the building plan's perimeter.
What is building footprint?A building footprint gives the precise size, form, and placement of a structure's foundation combined with a drawing of the building's contour along the outer walls. The most fundamental data for assessing a building's susceptibility to a particular danger is its footprint.
In comparison to a point representation, it depicts a building's entire area and offers a greater description of its spatial qualities in terms of its geographic location, form, distribution, floor space ratio, and relationship to other objects.
Building type, floor count, use, occupancy, and other attribute data can be added to and used for susceptibility and risk assessments if building footprints are available.
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Which is the fastest-growing digital marketing platform?
a. social media marketing
b. social marketing
c. sustainable marketing
d. not-for-profit marketing
e. mobile marketing?
When economists talk about the "standard of living," they are generally referring to:?
What is the correct format for reference initials?
I believe it is like Austin E. Hester with first name middle initial(s) last name
Which consideration helps determine where factories are located?
Which consideration helps determine where factories are located?
the cost of raw materials and shipping finished products
One of the ethical guidelines researchers abide by is ensuring __________, or agreeing that an individual’s data should not be made public without consent from the individual
One of the key ethical guidelines in research is ensuring confidentiality, meaning that a researcher won't publicly reveal individuals' data without consent.
One of the ethical guidelines researchers abide by is ensuring confidentiality, or agreeing that an individual’s data should not be made public without consent from the individual. Confidentiality refers to an agreement between researchers and participants that states the researcher(s) will not reveal participants' personal information without their consent or legal authorization. Ensuring informed consent and protecting the privacy of research participants are central to maintaining confidentiality. Identifiable information is crucial for research, yet it must be handled with care to prevent any potential harm to the subjects involved. Additionally, researchers must also comply with any preferences previously expressed by individuals regarding the use of their information.
Your local city council or your county commissioners are examples of a(n) _____ market.
I believe the answer is: Government market
Government market refers to the market where all government officials from local, state , or federal level are the consumers.
In their daily operation, these government officials often make a transaction with private sectors to reduce their workload. (for example government often ask the cooperation of private sectors to build infrastructure such as bridge or internet cable)
Opposition to government expansion, opposition to increased taxation, and opposition to government regulations on business are views that are generally identified as belonging to which political ideology?
How do the shareholders of most corporations exercise their control of that corporation?
Which type of entry mode in international business is also called build-operate-transfer?
The entry mode in international business called build-operate-transfer or BOT, is a public-private partnership model involving construction, operation, and eventual transfer of a facility to the public authority.
The type of entry mode in international business which is also referred to as build-operate-transfer is the BOT model. This model is a form of public-private partnership that involves a private entity building and operating a facility for a certain period before transferring ownership to the government or another public authority.
In this arrangement, a company will build the necessary infrastructure for the business, operate it to recover its investment and make a profit, and finally, once the agreed-upon period is over or the investment is recouped, transfer the control of the entity to the host government.
It represents a higher investment strategy and is mainly used for large projects, such as infrastructure, power plants, and other facilities where a significant upfront investment is required and coupled with long-term operational involvement before transfer.
Regardless of how well or poorly a franchise business is doing, franchisees must give the franchiser a monthly