Information systems, that can be used to create products and services that are personalized to meet a specific customer's requirements, termed: mass customization.
Mass customization can be defined as the process which are used to produce personalize product that will meet customers needs, preference and requirement.
Mass mass customization tend to make use of information system to produce the customize product.
Therefore Information systems that can be used to create products and services that are personalized to meet a specific customer's requirements, termed: mass customization.
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Please check my answer. :P
What type of person would enjoy a career in education?
A. someone who enjoys working by himself
B. someone who enjoys working short hours and having summers off
C. someone who loves to work with others and help them learn new things
D. someone who is interested in advancing in his career field and becoming rich
The answer I chose is C. "Someone who loves to work with others and help them learn new things." Please correct me if I'm wrong.
Equilibrium displacement model predicts price change using the formula % ΔP=[Sd− Ss]/[Es - Ed], where Sd represents the shift in demand in terms of percentage, Ss represents the shift in supply in terms of percentage, Ed is the price elasticity of demand, and Es is the price elasticity of supply. Suppose that the USDA estimates that because of COVID-19, the supply of chicken will decrease by 20% in the third quarter of this year while the demand for chicken would remain the same. The USDA also reports that in the second quarter of this year the elasticity of demand for chicken was −0.50 (negative 0.80 ) and the elasticity of supply of chicken was 0.50. If the average price of chicken in the second quarter of this year was $2/lb, what would be the predicted price of chicken in the third quarter of this year?
a. $ 2.9/lb
b. $ 2.15/lb
c. $ 2.5/lb
d. $ 2.4/lb
Given, In the third quarter of this year, the supply of chicken will decrease by 20%. Demand for chicken would remain the same. In the second quarter of this year, the elasticity of demand for chicken was -0.50, and the elasticity of supply for chicken was 0.50.Average price of chicken in the second quarter of this year was $2/lb. To find: The predicted price of chicken in the third quarter of this year.
Solution: Equilibrium displacement model predicts price change using the formula: % ΔP = [Sd − Ss]/[Es - Ed]Here,Sd = shift in demand in percentage = 0 (Because the demand would remain the same) Ss = shift in supply in percentage = -20%Ed = price elasticity of demand = -0.50Es = price elasticity of supply = 0.50% ΔP = [-20% - 0]/[0.50 - (-0.50)] = -20%/1 = -20%Predicted price of chicken in the third quarter of this year = (1 - 0.20) * $2= 0.8 * $2= $1.6Therefore, the predicted price of chicken in the third quarter of this year is $1.6/lb. Answer: Not given in options.
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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without regard for life contingency, this annuity specifies monthly income for a stated number of years
Annuity certain specified monthly income for a stated number of years without consideration of any life contingency.
What is Annuity certain?An investment known as an annuity certain offers a person, the person's beneficiary, or the estate a series of payments over a predetermined length of time. It is a retirement income investment that insurance companies are providing. You can also take the annuity as a lump amount. An annuity certain often offers a better rate of return than a lifetime annuity since it has a predetermined expiration date. Standard periods range from 10 to 20 years.
For a predetermined amount of time, an annuity certain offers a guaranteed retirement income.
It can be helpful in some circumstances as a short-term income supplement but is not a smart long-term retirement plan on its own.
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Explain network topologies with 4 examples state where each might be used. Use diagrams to illustrate your answers
Network topologies refer to the physical or logical arrangement of network devices and connections. Four examples of network topologies are bus, star, ring, and mesh. Each topology has different characteristics and applications.
Bus Topology: In a bus topology, all devices are connected to a single cable. It is a simple and cost-effective topology suitable for small networks. It is commonly used in small office or home networks. However, if the main cable fails, the entire network can be affected.
Star Topology: In a star topology, each device is connected to a central hub or switch. It provides better performance and reliability compared to bus topology as the failure of one device does not affect others. It is commonly used in larger networks such as offices and schools.
Ring Topology: In a ring topology, devices are connected in a closed loop, where each device is connected to the next and the last device is connected back to the first. It provides equal access to the network resources and is suitable for networks with a small number of devices. It is commonly used in local area networks (LANs).
Mesh Topology: In a mesh topology, each device is connected to every other device in the network, creating multiple redundant paths. It offers high reliability and fault tolerance, as if one connection fails, traffic can be rerouted through alternate paths. It is commonly used in critical systems such as banking networks or data centers.
Each network topology has its advantages and disadvantages, and the choice depends on factors such as network size, scalability, reliability requirements, and budget.
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which of the following would typically be considered a secondary stakeholder group? a. community b. suppliers c. customers d. special-interest groups e. government regulatory agencies
Government Regulatory Agencies would typically be considered a secondary stakeholder group. Option e. is correct.
Secondary stakeholders are typically external to the organization and are not directly involved in the day-to-day operations.
Examples of secondary stakeholders include government regulatory agencies, special-interest groups, communities, and suppliers.
Laws and regulations that businesses must abide by are created and enforced by government regulatory agencies.
In order to help organizations comply with their legal requirements, these groups can also offer them advice and support.
Organizations that are created to promote particular causes or interests are known as special-interest groups.
Communities are the people and organizations in a specific location that are impacted by an organization's activity.
Suppliers are businesses or organizations that offer products and services to other businesses.
The requirements and interests of each of these stakeholder groups can have a big impact on a company, therefore it's crucial for businesses to be aware of them.
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The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light manufactures two different products - night lights and desk lamps. Night lights is budgeted for 60,000 units. Each night light requires 1/2 hour of direct labor. Desk lamps is budgeted for 80,000 units. Each desk lamp requires 2 hours of direct labor. Determine the total number of budgeted direct labor hours for year.
Answer:
Explanation:
Budgeted direct labor hour is defined as the average time it will take to complete a budgeted production . This is calculated by multiplying the budgeted production by the labor hour per unit of production.
Workings
Total overhead budget = 807,500
Night light budgeted production = 60,000
Desk lamp budgeted production= 80,000
Night lamp production = 1/2 hour / unit
Desk lamp production = 2 hour / unit
Night light budgeted hour = 60000*1/5 = 30,000 hours
Desk lamp budgeted hour = 80,000 * 2 = 160,000 hours
Total number of budgeted direct labor hours = 190,000 hours
Your class has 14 male and 17 female
students. What fraction of your class is
female?
The fraction you would get would be 17 over 31
Which measure of central tendency would a baseball manager be most likely to rely on in picking a pinch hitter in a tie game
Answer:
mean
Explanation:
Why are file naming conventions essential?
A. So that data entry workers do not have to learn new systems with
every new position.
B. To make it easy to copy files for backup storage.
C. So that companies can easily share files with other companies.
D. Without everyone using the same system, it would be impossible
to know locate folders or files.
Answer:
D. Without everyone using the same system, it would be impossible
to know locate folders or files.
Explanation:
A manufacturing plant located by a busy highway uses and stores highly volatile explosives. The owner of the plant has imposed strict safety measures to prevent an explosion at the plant. During an unusually heavy windstorm, a large tile was blown off the roof of the plant and crashed into the windshield of a passing car, damaging it. The driver of the car brought a strict liability action against the owner of the plant to recover for the damage to the car’s windshield. Is the driver likely to prevail?
Answer: No, because the damage to the windshield did not result from the abnormally dangerous aspect of the plant’s activity.
Explanation:
Based on the information given in the question, the driver will not prevail. This is because the damage to the windshield did not result from the abnormally dangerous aspect of the plant’s activity.
In this case, the owner of the plant has imposed strict safety measures to prevent an explosion at the plant and the damage of the windshield of the car was due to heavy windstorm and not from the plants activities.
The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answer:
B
Explanation:
Controlling is another organizational goal
How you will deliver your presentation to get the attention of the stakeholders of your study?
Consider the following when presenting content data to stakeholders:
1. Be aware of your audience.
2. Recount a Tale.
Who are the stakeholders?Stakeholders in a business are any parties with an interest in it, whether they are individuals, groups, or organizations.
These parties might affect how a company is seen and does business or they might be directly or indirectly impacted by the firm's actions.
When presenting content data to stakeholders, keep the following in mind:
1. Be aware of your audience.
2. Recount a Tale.
3. Create an actionable story.
4. Maintain an easy design.
Therefore, consider the following when presenting content data to stakeholders:
1. Be aware of your audience.
2. Recount a Tale.
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Mention five legal ways to spend money
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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Which two methods can be used to pass conversion attributes such as model type, color, and year of production through a floodlight activity? (select two)
The two methods that can be used to pass conversion attributes such as model type, color, and year of production through a floodlight activity are: Custom Floodlight Variables, Dynamic Remarketing.
Custom Floodlight Variables (CFV): Custom Floodlight Variables allow you to pass custom data through a Floodlight tag. This method involves creating custom parameters in the Floodlight tag and then passing data through those parameters from the conversion page. For example, you could create a custom parameter called "model" and pass the model type through that parameter.
Dynamic Remarketing: Dynamic Remarketing allows you to show ads to users based on the specific products or services they viewed on your website. This method involves passing data such as product ID, model type, color, and year of production through a Floodlight tag on the product page. This data is then used to show relevant ads to users who viewed that product.
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in what ways do you benefit from living in a country with a mixed economic system that leans more toward a market economy?
The benefit of a mixed economy examine efficient production and allotment of resources, as well as betterment of social benefit or welfare.
What is a market economy?A market economy is defined as an economic system where the supply and demand forces determine how any commodities are produced.
These economies are not ruled by a central authority and instead rely on voluntary exchange.
These markets coexist with authorities participation, and private business firm coexist with public undertakings in an amalgamated economic system.
Therefore, the advantages of a mixed economy include more efficient production and resource allocation, as well as improved social benefit.
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Coming into effect in 1994, NAFTA encouraged free trade between the United States and which two other countries? Question 4 options: a) Japan and China b) Canada and Mexico c) Panama and Brazil d) Canada and Cuba
NAFTA, or the North American Free Trade Agreement, came into effect in 1994 and encouraged free trade between the United States and two other countries B. Canada and Mexico.
NAFTA aimed to promote economic growth by reducing trade barriers and fostering investment between the three member countries. It eliminated most tariffs and other trade restrictions, allowing for the easier flow of goods and services across borders. As a result, businesses and consumers benefited from lower prices, increased trade, and enhanced competitiveness in the global marketplace. The agreement also facilitated cooperation in areas like environmental and labor regulations, setting standards that the member countries agreed to follow.
Overall, NAFTA has played a significant role in shaping the economic landscape of North America, contributing to increased trade and investment between the United States, Canada, and Mexico. Although the agreement has faced criticism for its impact on certain industries and job markets, it has also led to numerous benefits for businesses and consumers in the region. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Coming into effect in 1994, NAFTA encouraged free trade between the United States and which two other countries? Question 4 options:
a) Japan and China
b) Canada and Mexico
c) Panama and Brazil
d) Canada and Cuba
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"A 65-year old retired teacher living on a pension has $200,000 invested in 2 year certificates of deposit that are yielding 4%. $20,000 of the CDs are maturing and the customer wants to diversify into an investment that gives a higher return and a moderate level of risk. The BEST recommendation would be:"
Answer:
Equity REIT's
Explanation:
In this scenario, it can be said that the best recommendation would be Equity REIT's. These are Real Estate Investment Trusts. REIT's tend to pay a higher dividend yield than most other types of stocks since they have been structured to generate net rental income. While maintaining the risk level moderate due to the underlying diversification of the trust itself. Therefore since the yield is higher and the risk level moderate this is the best next investment for the teacher to get into.
Your cash t-account has a beginning debit balance of $5,000. New debits are $500 and new credits are three times new debits. What is the new balance?
Answer: 4000
Explanation:
An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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State 2 problems a startup company might have rasining
finance
1. Fierce Competition
The corporate world is quite fierce. There is always a competition going on between the giants. Competition poses one of the biggest challenges for the survival of startup businesses. And if you have an online business startup, the competition gets tougher.
The competitive environment keeps the startups on their toes, as there is no margin of error available. Both B2B and B2C organizations always tend to feel the heat of the fierce competition. In order to survive in this competitive business environment that covers both traditional and online businesses, the startups need to play aggressively, and punch above their weight to gain the much needed recognition amongst the clusters of ever challenging and expanding businesses.
2. Unrealistic Expectations
Success does not come alone. It brings expectations with it. Most of the times, these expectations seem realistic, But in the real sense of the word, are merely unrealistic. This same concept holds true for young startups.
Startups tend to face challenges when they set ‘unrealistic expectations’ following a booming success. Remember, success is short-lived and expectations never end. This is where startups need to translate what the real expectations are? Sustainability is the name of the game. And sustainability requires consistent efforts.
Before you move forward, summarize the changes you will need to make to your new budget. Describe these changes in at least two sentences.
Answer: yes
Explanation:
The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.
Answer:
The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.
Explanation: I just did the test an got a 100
the first mncs or joint stock companies were out to make a profit, but more importantly served the needs of their home countries. what economic system, the most prominent commercial ideology in the 16th and 17th centuries, did these companies work under?
The economic system that was most prominent commercial ideology in the 16th and 17th centuries is called:
Mercantilism.Mercantilism
Mercantilism is the economic system which requires a country to import the minimum and export everything they can because it is based in the accumulation of the treasure of the country.
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Future Clothes Inc., a publicly traded company, designs and manufactures wearable technology. What approach should Future Clothes take after a long period of horizontal integration in its industry? Assume that the industry is now stable and competitors have not made any major changes in price or marketing recently.
Answer:
The interpretation of the discussion is characterized throughout the explanation segment below.
Explanation:
Concentrate on an investigation as well as implementation or enhancement as something with a category or manner of price-free competitive advantage. With more than just related diversification, there is much less inflationary pressure as well as the corporation or manufacturer should start concentrating on non-price competitive advantage throughout the opportunity to expand mostly on the supply chain.So the answer here is just the appropriate one.
if interest rates in the overall economy decrease to 4 percent, which one of the following is most likely to be the approximate market value of a $1,000 corporate bond with a fixed interest rate of 6 percent?
If interest rates in the overall company decrease to 4%, the approximate market value of a $1,000 corporate bond with a fixed interest rate of 6% is $1,500.
It is the amount a lender charges a borrower and is a percentage of the principal - the amount loaned.
What it the connection between interest rate and bonds?
Bond prices have an inverse relationship with interest rates. It means that if the interest rate go up, then the bond prices will go down and if the interest rate go down, then the bond prices will go up.
How to calculate the market value?
Bond price
= Face value * (Coupon rate / Interest rate)
= 1000 * (6% / 4%)
= 1000 * 1.5
= 1,500
Therefore, the market value of a corporate bond is $1,500.
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Why do lenders often require a down payment when credit is used to purchase a good?
Answer:
see below
Explanation:
A down payment is a lump-sum amount paid a borrower raises when purchasing an asset on credit. The down payment or deposit is paid to the lender and reduces the credit to be extended. Usually, the lender will demand a down payment of up to 20% of the asset's value.
The down payment reduces the risk a lender takes in advancing the loan to the borrower. It reduces the loan amount involved. The down payment shows the borrower is financially stable. If they can raise 20 percent of the amount, it gives the lender confidence that the borrower can repay the loan. A down payment shows the borrower is a low-risk customer
The qualitative characteristic of using the same accounting method each period over time refers to the concept of
Suppose a consumer has an utility function of U(x, y) = 25xy. The consumer has 12 units of good x and 8 units of good y. a. What is the marginal rate of substitution (MRS) at (12, 6) and (9, 12). b. Does the MRS increase or decrease as the consumption of x increases?
The Marginal Rate of Substitution (MRS) decreases as the consumption of x increases.
The Marginal Rate of Substitution (MRS) is the rate at which a consumer is willing to substitute one product for another while keeping the same level of utility.
Let's see the calculation of the marginal rate of substitution at (12,6) and (9,12).
Formula for Marginal Rate of Substitution MRS:
Δy/Δx = MUx/MUy = (ΔU/Δx) / (ΔU/Δy)
Part (a) Calculation:
Part (i): At (12,6)U(x,y) = 25xyMUx = 25y, and MUy = 25x∆y/∆x = MUx/MUy = 25y/25x = y/x(12,6) = ∆y/∆x = y/x = 6/12 = 0.5
Part (ii): At (9,12)U(x,y) = 25xyMUx = 25y, and MUy = 25x∆y/∆x = MUx/MUy = 25y/25x = y/x(9,12) = ∆y/∆x = y/x = 12/9 = 1.33
Part (b): As the consumption of x increases, the MRS decreases because as consumption of x increases, the marginal utility of x decreases while the marginal utility of y increases.
Hence, the MRS decreases as the consumption of x increases.
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outline 2 advantages to H&H of using secondary market research
Does anyone have a perfect competition business example?
Answer:
Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.
Explanation: