Answer: Fixed price contract
Explanation:
The risk has been transferred from my neighbor to me with the use of a fixed price contract.
A fixed price contract is a form of agreement where an evaluation is made and the total predicted price of a product/ service is paid for: and payment can't be altered in future regardless of changes in price of product/service to be rendered along the line.
Approximately two-thirds of 3PL customers think their providers supplyA. tactical or operational services.B. strategic or integrative services.C. trucking and warehouse servcies.D. a firm that can supply a competency that is not core to the firm.
Answer:
The correct answer is (A)
Explanation:
The third-party logistics is one of an important factor to improve and expand the business. Most of the third party customers believe that their service providers provide them with complete tactical and operational service which is important and a critical aspect to attract more customers. Overall, 3PL does provide customers with tactical and operational service according to the latest reports and data surveys.
The correct answer is A. tactical or operational services.
To understand the answer, let's first clarify what 3PL stands for and the types of services it encompasses. 3PL stands for Third-Party Logistics, which refers to companies that provide logistics services to businesses. These services can range from operational to strategic, including transportation, warehousing, inventory management, and other value-added services.
Other options are incorrect because:
B. strategic or integrative services - These services involve a higher level of engagement with the client's business, including network design, supply chain strategy, and integration of logistics services into the client's business processes.
C. trucking and warehouse services - These are specific types of operational services that fall under the tactical category. They are fundamental services provided by many 3PLs but do not encompass the full range of services that 3PLs can offer.
D. a firm that can supply a competency that is not core to the firm - This option describes the role of a 3PL provider in general, which is to offer services that a company chooses not to perform internally because they are not part of its core competencies.
Therefore, the statement that approximately two-thirds of 3PL customers think their providers supply tactical or operational services aligns with the general understanding of the role of 3PL providers in the market. This makes option A the most accurate answer to the question.
In a single employer group plan, what is the name of the policy issued to the employer?
Answer:
master contract
Explanation:
Based on the information provided within the question it can be said that the name of the policy issued is called a master contract. This is a collective bargaining agreement that covers all unionized worksites in an industry, and states all the terms and conditions of employment. Which in other words this applies to single employer group plans.
Public policy
a. can reduce both frictional unemployment and the natural rate of unemployment.
b. cannot reduce frictional unemployment, but it can reduce the natural rate of unemployment.
c. can reduce frictional unemployment, but it cannot reduce the natural rate of unemployment.
d. cannot reduce either frictional unemployment or the natural rate of unemployment.
Answer:
A: Can reduce both frictional unemployment and the natural rate of unemployment.
Explanation:
Public policy can reduce both frictional unemployment and the natural rate of unemployment.
Edwards Auto Body uses a job order cost system. Overhead is applied to jobs on the basis of direct labor hours. During the current period, Job No. 337 was charged $425 in direct materials, $475 in direct labor, and $190 in overhead. If direct labor costs an average of $16 per hour, the company's overhead application rate is:________
A. $40 per direct labor hour.
B. $17.50 per direct labor hour.
C. $6.40 per direct labor hour.
D. $7.27 per direct labor hour.
Answer:
C) $6.40 per direct labor hour.
Explanation:
The overhead application rate is used to estimate the manufacturing overhead for a specific project or reporting period.
overhead application rate = direct labor cost per hour / (total direct labor costs / total overhead costs)
overhead application rate = $16 / ($475 / $190) = $16 / $2.50) = $6.40
Because of less availability and greater demand for scientific research, platinum remains consistently expensive, like gold.
True or False?
Answer:
True
Explanation:
Platinum is a very expensive metal because it is very rare (much rarer than gold) and only 160 tons of platinum are mined per year (compared to 1,500 tons of gold).
Besides jewelry, platinum is being used to develop high capacity fuel cells. Platinum serves as catalyst in the fuel cells, but its expensive price has limited the commercial viability of the power cells.
Researchers are continuously developing new power technologies to replace petroleum products (gasoline and diesel), but their costs are currently prohibitive for most of its potential uses.
Whereas marketing and financial careers have been transformed by the growth in information systems, thus far managerial positions have remained relatively unaffected.
A. True
B. False
Answer and Explanation:
B. False
Which statement is TRUE? a.The tradeoff a firm faces whether using retained earnings or borrowed funds is the same. b.Using retained earnings has a higher opportunity cost than does using borrowed money because retained earnings come from past profits. c.Borrowing money will always be more expensive than using retained earnings. d.The cost of retained earnings is unrelated to the cost of borrowing money.
Answer:
D
Explanation:
The cost of retained earning is unrelated to cost of borrowing money and as such it will be unreasonable to compare the two. However, it's true that retained earning comes from past profit and it will be easier to plough back retained earning than going for external borrowing.
The statement that is TRUE is option b. Using retained earnings has a higher opportunity cost than does using borrowed money because retained earnings come from past profits.
The statement that is TRUE is option b. Using retained earnings has a higher opportunity cost than does using borrowed money because retained earnings come from past profits.
Retained earnings are the funds that a company has accumulated from its previous profits. These funds can be reinvested in the company or used for other purposes. When a firm uses retained earnings instead of borrowed funds, it is forgoing the opportunity to use those funds for other investments or expansion.
On the other hand, using borrowed funds may involve interest payments, but it allows the firm to avoid using its own profits and retain control of its operations. Borrowing money can be a cheaper option in terms of opportunity cost because the firm can use retained earnings for other investments.
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Faye works as an administrator and receptionist for Garage Door Store. The store withholds federal taxes from Faye's pay, and controls the methods and details of the performance of her work. Faye is not authorized to modify the prices or other terms of a sale at the store. Homer installs Garage Door products at the buyers' locations. Refer to Fact Pattern 19-2. Garage Door authorizes Homer to sell garage door upgrades and accessories at the buyers' locations at prices that Homer negotiates with those buyers. With respect to sales at those locations, Homer is Select one:
a. an employee only.
b. a principal.
c. an employee and agent.
d. an independent contractor.
Answer:
c. an employee and agent.
Explanation:
Based on the information provided within the question it can be said that with respect to sales at those locations homer is both an employee and agent. This is because he works for a company, therefore making him an employee. But at the same time he is authorized to act on behalf of Garage Door therefore making him an agent.
Jensen Company has cash proceeds from sales of $8,400. This amount includes $400 of sales taxes. Give the entry to record the proceeds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answer:
Debit Cash account $8,400
Credit Sales account $8,000
Credit Sales tax payable $400
Being entries to record cash proceeds from sale.
Explanation:
Since total cash received from the sale was $8,400, a debit entry for this amount is posted to the Cash account.
Of the amount received, $400 is for sales tax. This is a liability to the organization and as such a credit entry for sales tax payable of $400 is recorded until it is remitted.
The balance of $8000 is the actual amount to be recognized as sales.
Bob read a newspaper story that indicated a dramatic increase in money market accounts and certificates of deposit during the last three months. The story reported that all other major components of the U.S. money supply remained unchanged. Based on this information, Bob can conclude that for the past quarter:
A. Both the M-1 and M-2 money supplies were stable.
B. The M-1 money supply has increased, but the M-2 money supply was stable.
C.The M-2 money supply has increased, but the M-1 money supply was stable.
D. Both the M-1 and the M-2 money supplies have increased.
Answer:
C.The M-2 money supply has increased, but the M-1 money supply was stable.
Explanation:
M1 includes currency in circulation, checkable demand deposit and travellers check.
M2 includes all components of M1 and near money. Near money includes certificate of deposit, savings deposit, mutual funds and money market funds.
I hope my answer helps you
If the world price of a good is equal to its no-trade equilibrium price, the country will import more of the good from other nations.
Answer:
False
Explanation:
The no-trade equilibrium price of a good refers to the domestic price of a good in an economy without any exports or imports. Therefore if the world price of a good is equal to the domestic price of the good, then there is no incentive to import the good.
Domestic producers will have an incentive for foreign trade if the world price is different from the domestic. If the world price is higher there is an incentive to export. If world price is lower, then there is an incentive to import.
When school districts are funded by local taxes only, the likelihood of disparities in funding goes up.
Answer: True
Explanation: areas that are rural, poor, or have large areas of government-owned lands generate less tax revenue for schools while wealthier areas generate more, making the he level of school funding much lower in poore areas.
Frisky Flight is a regional airline based in El Paso. Frisky uses a computer system to set prices for its tickets. The price for any given flight changes over time-based on demand for that and other similar flights, the predicted weather, and other factors. This is an example of
a. competition meeting.
b. price cutting.
c. skimming.
d. profit maximization.
e. dynamic pricing
Answer: (E) Dynamic pricing
Explanation:
The dynamic pricing is basically refers to the demand pricing and also the time based strategy where all the products and the services are setting the flexible prices for the goods according to the current demand in the marketing.
According to the given scenario, it best illustrate about the dynamic pricing example where we can easily implement the data and it also producing the meaningful information or data.
Therefore, Option (E) is correct.
Robin and Bellman, both merchants, orally agree to a contract for the sale of $5000 of accessories. Bellman, the buyer, sends to Robin, the seller, a written confirmation of the sale, which is sufficient against Bellman under the statute of frauds and which Bellman signs. Robin does not sign. Robin fails to perform the contract and does not ship out the goods. Bellman sues. This contract is:
a. unenforceable, because Robin did not sign any contract.
b. unenforceable, because Bellman did not pay for the goods.
c. enforceable, because Bellman sent the written confirmation of the sale, thereby partially performing the contract.
d. enforceable even without Robin's signature because both parties are merchants.
Answer:
D) enforceable even without Robin's signature because both parties are merchants.
Explanation:
Since both parties are merchants, they deal with buying and selling goods, oral contracts are valid. Under UCC law, the statute of frauds applies to contracts over $500, except when the contract is made between two or more professional merchants that are involved in regular commercial transactions. Therefore the signature of both merchants is not required.
Jayson is a NY licensed salesperson. A local moving company asks Jayson to recommend his moving company to clients looking to relocate. In exchange, the mover will pay Jayson $200 for every client who moves with his company.
What type of arrangement is this?
Answer:
a sales commission agreement
Explanation:
Usually a salesperson's salary includes:
a small fixed amount plus a commission based agreement, e.g. a salesperson will earn $150 per week + 3% commission over total salesentirely based on sales' commissions, e.g. another salesperson earns 4% commissions over total salesSalespeople usually do not earn a fixed salary since sales' commissions motivate them to sell more.
Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and
organizational goals. That's why she majored in economics and took on an entry-level position at an accounting firm. She is very interested in
further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her
understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external
stakeholders. Which specialization could Jeanle follow to get the best of both worlds?
Jeanie should chose
accounting to get the best of both worlds.
Final answer:
Jeanie should choose accounting to get the best of both worlds.
Explanation:
To get the best of both worlds, Jeanie should choose accounting as her specialization.
With her background in economics and her interest in understanding how companies adjust their operating results to incorporate the economic impacts of their practices, accounting would be a great fit. Accounting involves the measurement, processing, and communication of financial information, and it plays a crucial role in helping individuals and businesses effectively allocate their resources to achieve their goals.
By specializing in accounting, Jeanie can deepen her understanding of how companies manage their finances, analyze the economic impacts of their practices, and contribute to the overall success of the organization.
If the marginal propensity to consume is 0.75, the multiplier for taxes and transfer payments is:1. 3
2. 4.
3. 0.25.
4. 0.75.
Answer:
option (1) 3
Explanation:
Data provided in the question:
Marginal propensity to consume, MPC = 0.75
Now,
Tax multiplier = 1 - [1 ÷ ( 1 - MPC ) ]
or
Tax multiplier = 1 - [ 1 ÷ ( 1 - 0.75 ) ]
or
Tax multiplier = 1 - 4
or
Tax multiplier = - 3
And,
Transfer payment multiplier = MPC ÷ [ 1 - MPC ]
or
Transfer payment multiplier = 0.75 ÷ [ 1 - 0.75 ]
or
Transfer payment multiplier = 0.75 ÷ 0.25
or
Transfer payment multiplier = 3
Hence,
Answer is option (1) 3
If the supply of a product increases, then we would expect equilibrium pricea.to increase and equilibrium quantity to decrease. b.and equilibrium quantity to both decrease. c.and equilibrium quantity to both increase. d.to decrease and equilibrium quantity to increase.
Answer:
The correct answer is option d.
Explanation:
An increase in the supply of a product will cause the supply curve to shift to the right. This rightward shift will cause the demand curve and supply curve to intersect at a lower price.
This will cause the quantity demanded of the product to increase and the price of the product to decrease.
A decrease in the supply will cause the quantity demanded to decrease and price to increase.
The effect of supply increase is indicated through the given figure.
----------- are relatively homogeneous, smaller submarkets (groups) existing inside much larger and more heterogeneous markets.
a. Target markets
b. Market targets
c. Market segments
d. Markets
e. Subcultures
Answer:
(C) Market segments
Explanation:
Market is a people, a place and an economic entity. It's a group of people buying and selling and having each other's needs and wants met in a particular geographical location.
Now, market segments are groups made based on similar interests in an otherwise homogenous market within the whole heterogeneous market.
A cost received by a subsequent process from a prior process is referred to as a: Select one:
a. cost of goods transferred out.
b. cost of beginning work-in-process.
c. cost of ending work-in-process.
d. transferred-in cost
Answer: Option A
Explanation: Cost of goods transferred out or process costing is an business approach that monitors and builds up direct expenses and assigns indirect expenses to a production process. Consumer costs are delegated, usually in a big batch, which could include the output of a whole month.
It is a form of operational costing used to assess a product's cost at each manufacturing process or point. CIMA describes phase costing as "the relevant costing method where products or services benefit from a constant or repeated series of activities or procedures.
Under the (GLBA) privacy rule, why is it important to differentiate between a consumer and a customer?
A. Only consumers receive a financial institution's privacy notice automaticallyB. Only consumers have any privacy rights under the lawC. Only consumers can opt outD. Only customers receive a financial institution privacy notice automatically
Answer:
D. Only customers receive a financial institution privacy notice automatically
Explanation:
Let us take an illustration of all the points, primarily A is inaccurate because simply customers acquire a financial institution's privacy note directly. B and C are unreliable because, depending on the bank's privacy practices, both consumers and customers may have rights under the law and be able to opt-out. So, the answer will be D as we know that, the Privacy Rule demands thou to provide a note to each of your "customers" regarding your privacy systems.
Under the GLBA privacy rule, differentiating between a consumer and a customer is crucial because only customers automatically receive a financial institution's privacy notice. While consumers have privacy rights, they must request the notices or become customers to receive them automatically.
Explanation:Under the Gramm-Leach-Bliley Act (GLBA) privacy rule, it is important to differentiate between a consumer and a customer because of the extent of privacy notices they receive. A consumer is an individual who obtains or has obtained a financial product or service from a financial institution for personal, family, or household reasons, but does not have a continuing relationship with the institution. A customer is a consumer with an ongoing relationship with the financial institution. This distinction matters because, according to the GLBA, only customers receive a financial institution's privacy notice automatically. Consumers, while they do have privacy rights under the law, do not receive these notices automatically unless they specifically request them or become customers by establishing a continuing relationship with the institution.
These privacy notices inform the individuals about the collection, sharing, and protection of their personal information, which is integral for transparency and trust in financial transactions. Protecting personal information is not just of concern to individuals but also to businesses, organizations, and governments that require security for their operations and data.
Prospective utilization review is:
A) Decisions that are being made during the actual course of service such as additional surgery.
B) An evaluation of services once the services have been provided.
C) Examines specific provider patterns of practice.
D) Implemented before the service is actually performed by having the procedure authorized by the MCO.
Answer: Examines specific provider patterns of practice.
Explanation: Prospective reviews provide the original pre-treatment examination and the primary treatment evaluation for a particular area of the body.
Utilization review is a health insurance company's opportunity to review a request for medical treatment. The aim of the examination is to ensure that your healthcare services are covered by the package. It also helps to reduce costs for the client and assess whether the common treatment is appropriate.
Thus, from the above we can conclude that the correct option is C .
Match each of the following terms to its meaning:
I. augmented reality
II. data mining
III. information technology
IV. spam
V. cognitive surplus
A. electronic junk mail
B. combination of leisure time and the tools to be creative
C. combination of our normal sense of the world and digital information
D. field of study focusing on the management, processing, and retrieval of information
E. searching for patterns within large amounts of data
Augmented reality combines our normal sense of the world with digital information. Data mining involves searching for patterns within large amounts of data. Information technology is a field of study focusing on the management, processing, and retrieval of information.
Explanation:I. augmented reality: C. combination of our normal sense of the world and digital informationAugmented reality refers to the integration of digital information with the user's real-world environment, creating an enhanced perception of reality. For example, using a smartphone app to overlay digital images onto a live video feed of the physical world.
II. data mining: E. searching for patterns within large amounts of dataData mining involves the extraction of patterns and knowledge from large datasets. It uses various techniques such as statistical analysis and machine learning to uncover meaningful insights and make informed decisions.
III. information technology: D. field of study focusing on the management, processing, and retrieval of informationInformation technology (IT) refers to the use, development, and management of computer systems, software, and networks to store, process, and distribute information. It encompasses a wide range of disciplines, including computer science, database management, and network administration.
IV. spam: A. electronic junk mailSpam refers to the unsolicited and unwanted email messages, often advertising products or services. It is typically sent in bulk to a large number of recipients and can be a nuisance and a threat to online security.
V. cognitive surplus: B. combination of leisure time and the tools to be creativeCognitive surplus represents the surplus time and potential creativity that individuals have outside of their regular work or obligations. It refers to the ability to contribute to collaborative projects, create content, and engage in meaningful activities using digital tools and platforms.
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According to the multiplier concept when there is a change in any oneof the ________ factors (C, I , G, or Xn), a multiple impact upon the income, employment, and output of the nation will occur.A) Aggregate SupplyB) Aggregate DemandC) Either a. or b.D) None of the above
Answer: The answer is B Aggregate Demand
Explanation:
The theory of multiplier states that an increase in consumer or business investment spending in a country would produce a multiplier effect by raising the level of national income.The multiplier gives us the exact amount an increase in spending will raise the level of the national income. The multiplier is a mechanism of applying all forms of spending in a country by the government, business, firms, consumption expenditure by individuals, these spending will inject more money into the circular flow of income leading to the employment of more factor services, increasing households consumption expenditure, thereby raising the total national income.
The Aggregate demand is the total value of all planned expenditure of all buyers in the economy it is the sum buyers plan to spend on output, the Aggregate demand is made of consumption and investment spending in an economy in which all income from production is paid to the household sector. The household aggregate consumption is related to their money income. The changes in investment demand or consumption demand change the equilibrium level of income, Although either the consumption function or the investment function schedule can shift it is assumed that the autonomous change in aggregate demand starts with investment. The multiplied effect of a change in autonomous spending occurs because consumption is dependent on the level of income
A major goal of integrated marketing communications is to send a consistent message to _____.
Answer:
Customers
Explanation:
The goal of integrated marketing communications is to revamp the traditional marketing approach by encouraging cohesion and synchronicity among the various modes of communication used by businesses to reach consumers/customers.
Integrated Marketing Communications (IMC) aims to send a consistent message to consumers through a coordinated use of various marketing strategies. This ensures that the impression of a company's brand or product remains consistent across all platforms.
Explanation:A major goal of Integrated Marketing Communications (IMC) is to send a consistent message to consumers. IMC aims to use all aspects of marketing communication such as advertising, sales promotion, public relations, direct marketing, and social media in a unified manner. This is to ensure that all the various marketing tools are coordinated to maximize the impact on consumers.
For example, a company using IMC may develop a message about its product and use different marketing strategies to relay that message. If the company’s message is about the product's reliability, they wouldn’t want an advertising campaign that focuses on price or a sales promotion that emphasizes its newness. The message must remain consistent across all platforms, ensuing that the company's brand and product are displayed in a similar light throughout the entire marketing campaign.
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Daggie's Sandwiches, Inc., sells the rights to use its name and sell its sandwiches in a given market area to aspiring businesspeople who are willing to pay agreed-upon fees and meet certain contractual terms. Daggie's:A. is offering investors the opportunity to form limited partnerships B. is a franchisor. C. creates private subsidiary companies. D. offers a tax-free investment potential.
Answer:
B. is a franchisor.
Explanation:
A franchisor is a business that sells the right to use its name and sell its product to another business.
A franchisee is the business that buys the right from the franchisor.
A limited partnership is a form of partnership where one or more of the partners have a limited liability.
A subsidiary company is a company owned by the parent company.
I hope my answer helps you.
The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders involves
A) assessing whether the diversification move will make the company better off because it will produce a greater number of core competencies.
B) assessing whether the diversification move will make the company better off by improving its balance sheet strength and credit rating.
C) assessing whether the diversification move will make the company better off by spreading shareholder risks across a greater number of businesses and industries.
D) evaluating whether the diversification move will produce a 1 + 1 =3 outcome such that the company’s different businesses perform better together than apart and the whole ends up being greater than the sum of the parts.
E) assessing whether the diversification move will benefit shareholders due to gains in earnings per share and faster stock price appreciation.
The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders involves evaluating whether the diversification move will produce a 1 + 1 =3 outcome such that the company’s different businesses perform better together than apart and the whole ends up being greater than the sum of the parts.
Option D is correct
Explanation:
The stronger measure is explicitly satisfied by a corporate strategy focused on collaborative operations, as business entities are obtaining tangible benefits from other businesses within the organization. It also passes the entry cost criterion by reducing the cost of addressing internal entry barriers.
Either the new unit needs to benefit from its relationship with the company or vice versa.
Naturally, most businesses must ensure that some of the measures match their planned approaches.
Money that is set aside for the normal operating activities of the city, such as the police, is referred to as the ________.
Final answer:
The money set aside for city operational activities like the police is called the General Fund, which is part of the general tax revenue used for public services.
Explanation:
Money that is set aside for the normal operating activities of a city, such as the police, is referred to as the General Fund. The General Fund comprises revenues that do not have a specific designation and are used for various public services including education, health, and human services. In the context of public safety and criminal justice, a significant portion of the money within the General Fund is allocated to maintaining essential services such as the police force and the penitentiary system.
Furthermore, these funds are crucial for supporting the operational needs of a city, which include various services that benefit the residents, like fire protection, trash removal, and others that are funded by the general tax base rather than individual payments for each service. It is the money put aside by local or state governments from the tax revenues they collect to ensure that such public services remain uninterrupted and adequately financed.
The use of ___________ is based, in part, on the belief that the term is broader than public relations, and encompasses all communications of the company.
Answer: corporate communications
Explanation: Corporate communications relate to how businesses and organizations interact with specific stakeholders, both internally and externally. These stakeholders include,. customers, media, employees and government etc.
Based on the group being discussed, corporate communications may come in many forms. In conclusion, the communication strategy for a company would generally consist of the printed word, verbal word, and un-spoken interaction.
The communication department of an organisation is responsible for a number of duchies to be performed such as public relations and customer marketing etc.
Amber is in the process this year of renovating the office building (originally placed in service in 1976) used by her business. Because of current Federal Regulations that require the structure to be accessible to handicapped individuals, she incurs an additional $11,000 for various features, such as ramps and widened doorways, to make her office building more accessible.
The $11,000 incurred will produce a disabled access credit of what amount?
a) $0. b) $5,000. c) $5,125. d) $5,500.
Answer:
Correct option is (b)
Explanation:
Disabled access credit is granted by IRS to small business owners on expenses incurred by them in making their structure accessible for physically handicapped people. Cost incurred could be on constructing ramps for wheelchairs or providing hear aids to people with hearing impairment.
The maximum credit is $5,000 or 50% of cost not exceeding $10,250 ($250 initial cost cannot be claimed for exemption), whichever is less.
Here, Cost incurred is $11,000. So 50% (10,250 - 250) or 0.5×10,000 that is $5,000 would e Amber's disabled access credit.