For a fad item, a suitable inventory management system would be a Just-in-Time (JIT) inventory management system.
A fad item is characterized by a short-lived trend or sudden surge in demand, followed by a rapid decline in popularity. Examples include trendy fashion items, toys, or electronics that gain immense popularity but quickly lose their appeal. In such cases, traditional inventory management systems may lead to excess inventory and financial losses.
Implementing a Just-in-Time inventory management system for a fad item offers several advantages. Firstly, it allows businesses to minimize inventory levels and avoid overstocking. Since fad items have a limited lifespan, maintaining excessive inventory can result in inventory obsolescence and financial losses when the demand drops. With a JIT system, businesses only procure inventory as needed, ensuring that they have just enough stock to meet immediate customer demand.
Secondly, a JIT system helps reduce holding costs associated with inventory. Fad items typically have a high carrying cost, including warehousing, storage, and insurance expenses. By minimizing inventory levels, businesses can significantly reduce these holding costs and improve overall profitability.
Furthermore, a JIT system enables businesses to respond quickly to changes in demand. As fad items experience fluctuations in popularity, businesses can adjust their production and procurement accordingly. This flexibility allows them to capitalize on the initial surge in demand and avoid being left with excess inventory when the fad fades.
Lastly, a JIT system promotes a lean and efficient supply chain. By streamlining inventory management processes and focusing on just-in-time deliveries, businesses can reduce waste, optimize production, and improve overall operational efficiency.
In summary, a Just-in-Time inventory management system is well-suited for managing fad items due to its ability to minimize inventory levels, reduce holding costs, respond quickly to demand changes, and promote a lean supply chain. This approach helps businesses mitigate the risks associated with fad items and maximize profitability during their limited popularity period.
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What best defines the owner as it pertains to life settlement contracts?
A life settlement contract owner is an individual or entity that holds the legal rights and financial benefits associated with a life insurance policy.
In a life settlement transaction, the owner sells their policy to a third-party buyer, typically for a lump sum payment that is greater than the policy's cash surrender value but less than its death benefit. This transaction allows the original policy owner to obtain immediate funds while transferring the responsibility of premium payments and the eventual death benefit to the buyer. The buyer becomes the new owner and beneficiary of the policy, while the original policy owner relinquishes all rights and obligations associated with it.
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PLEASE SEND HELP ASAP
Planning for regional natural disasters at work is _______.
a.
good practice
b.
unnecessary
c.
too cautious
d.
unsafe
Please select the best answer from the choices provided
A
B
C
D
Answer:
A. good practice
Explanation:
planning for these disasters can help reduce damage,injuries,even death.
Answer:
A
Explanation:
Just in case something were to happen it would be good to know where to go and what to do. It can prevent deaths and injuries if the real thing were to happen.
2. Describe what a supply curve looks like.
A supply curve is a graphical representation of the relationship between the quantity of a good or service that producers are willing to sell and the price of that good or service. The curve is typically upward-sloping, meaning that as the price of the good or service increases, the quantity supplied by producers also increases.
How does the supply curve shift?Supply curve shift: Modifications in manufacturing costs and related variables might result in a whole supply curve moving to the right or left. This results in the supply of a higher or lower quantity at a specific price. The ceteris paribus premise states that supply curves link prices and quantities delivered under the premise that nothing else changes.
The curve is typically drawn on a graph with price on the vertical axis and quantity on the horizontal axis. The specific shape of the curve can vary depending on the characteristics of the market and the nature of the good or service being sold. In some cases, the curve may be relatively flat or steep, indicating a more or less elastic supply, respectively.
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"
the purpose of SHRM is also to develop and maintain an
organisational culture that is progressive and conducive to
business needs"
Elaborate on the relationship between SHRM and culture. 25
marks
Strategic Human Resource Management (SHRM) plays a vital role in shaping and maintaining the organizational culture of a company. The relationship between SHRM and culture is reciprocal and interconnected, as they both influence and impact each other in various ways.
1. Culture as a Driver of SHRM:
Culture shapes the values, beliefs, norms, and behaviors within an organization. These cultural elements directly impact the strategic decisions made by HR professionals.Organizational culture sets the tone for HR policies, practices, and programs. It influences the design of recruitment processes, performance management systems, training and development initiatives, and employee engagement strategies.HR professionals need to align their strategic decisions with the existing culture to ensure coherence and consistency within the organization.2. SHRM as a Shaper of Culture:
SHRM actively contributes to developing and maintaining the desired organizational culture. It establishes HR policies and practices that promote the desired cultural values.HR professionals design and implement initiatives to reinforce the desired culture, such as employee recognition programs, leadership development programs, and diversity and inclusion initiatives.Through effective talent management, SHRM ensures that individuals who align with the desired culture are recruited, developed, and retained within the organization.3. Impact on Business Needs:
SHRM and culture work together to create an organizational environment that is progressive and conducive to business needs.A strong culture aligned with strategic goals and values can enhance employee engagement, productivity, and satisfaction, leading to improved business performance.SHRM practices that reinforce the desired culture help attract and retain talent that fits well within the organization, contributing to the achievement of business objectives.Learn more about SHRM here:
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Please Help!!!!!!!!!!!!! Watch the Video and Answer the Question!
Briefly describe in your own words the history of Capitalism and Socialism. How and where did each of these systems start? Describe how each system works. Use evidence from the video to support your answer.
Capitalism and Socialism: Crash Course World History #33:
Answer:
WHAT VIDEO
Explanation:
Answer:
uhm there is no video lol send a link and maybe i can help! :)
Explanation:
What are the seven steps in the offering development process?What are the key activities in each step?
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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Susie asks you for investment advice as she's not sure if she should invest in a Roth IRA or a Traditional IRA She has a great job now and expects to have lower earnings and a lower marginal tax rate once she retires. Which would you recommend and why? Response should be a minimum of 100 words
Susie anticipates a pay cut and a regular IRA can be a wise retirement savings plan because she will have a lower marginal tax rate when she retires.
What are regular and Roth IRAs?
When you make an after-tax contribution to a Roth IRA, your money grows tax-free, and once you reach the age of 59 and a half, you can typically take your funds without incurring any taxes or penalties.
A Traditional IRA allows you to make pre-tax or post-tax contributions, and your funds grow tax-deferred until you are 59 and a half years old.
With a Roth IRA, you can make after-tax contributions, see your money grow tax-free, and generally take withdrawals after age 5912.
A Traditional IRA allows for pre- or post-tax contributions, tax-deferred growth of your funds, and current income tax on withdrawals.
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2. What are the problems can someone have without personal finance knowledge?
emblements are usually: group of answer choices on leased land by tenant farmers. all of the above. growing crops. cultivated annually.
Emblements are usually growing crops.
Emblements are crops that have been planted, cultivated, and harvested by tenants, even if the lease has ended before the crop is ready for harvesting. Emblements are usually growing crops that can be harvested annually. Emblements are crops that are cultivated with the expectation of harvesting them in the future; in most situations, they are considered personal property.
Emblements are typically harvested by farmers, who are frequently tenants who have leased land from landlords. Tenant farmers, in general, depend on emblements to generate a living, as crops grown on leased land are their primary source of income.As a result, it is safe to assume that emblements are usually cultivated annually on leased land by tenant farmers. They are usually considered a part of the personal property, but they may not always be considered that.
As long as the tenant is harvesting the crops, he is entitled to all of the benefits, even if his lease has expired.
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The idea that the U.S. economy uses the market mechanism to distribute most goods and services and those who receive the most income get the most goods is best represented by the question:
There are different kinds of ideas. The idea that the U.S. economy for who receive the most income get the most goods is best represented by the question called "For whom output is produced".
What kind of system is the United States economy based on?The U.S. is one that has a mixed economy and also show the attributes of f both capitalism and socialism.
In a mixed economy as the above, they often embraces economic freedom regarding capital use and they also allows the government to intervene for public good.
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What is the percentage of Internet searches conducted via mobile phones?
89%
77%
over 50%
under 40%
Answer:
Over 50%
Explanation:
Globally, 68.1% of all website visits in 2020 came from mobile devices—an increase from 63.3% in 2019
A business analyzes what competitors are charging for products.
When a business analyzes what the competitors are charging for their products, it is known as the process of marketing info management.
What is the significance of business competitors?A business competitor can be referred to or considered as an organization that deals in the same product that is offered for sale by other enterprises in the same market.
It is important for a business to keep an eye on the acts of its competitors, as it helps them in keeping themselves updated with marketing info management.
Therefore, the significance regarding the business competitors has been aforementioned.
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The _____________ firm’s demand curve is the same as the market demand for the product.
The monopoly firm’s demand curve is the same as the market demand for the product.
The monopoly firm’s demand curve is the same as the market demand for the product because the monopolist is the only firm in the market, its demand curve is the same as the market demand curve.
A monopoly consists of one firm that produces a unique product or service with no close substitutes. Entry into the market is blocked, which gives this firm the market power.
Hence, the demand curve faced by a monopoly is the market demand. It can sell more output only by decreasing the price it charges.
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A manufacturer of fishing equipment conducted a test of its products by giving them to eight fishermen who used them with the following results. Ed and Flo used a Hot Spot lure and caught no fish. Dan and Amy used a Trusty rod with a Husky reel, and Amy caught fish but Dan did not. Jake used a Sure Catch lure, a Best Bet rod, a Spiffy reel, and caught fish. Bill and Tim used a Husky reel, but only Bill caught fish. Kat used a Best Bet rod with a Husky reel and caught fish. Amy and Kat used a Sure Catch lure, but only Kat used monofilament line. Bill used a Trusty rod, monofilament line, and a Sure Catch lure. Flo and Tim used Best Bet rods, and both Tim and Dan used Dynamite lures. Finally, Flo used a Husky reel, Jake and Dan used monofilament line, and Ed used a Spiffy reel on a Trusty rod. What conclusion can the manufacturer draw about the power of this equipment to catch fish
The conclusion that the manufacturer can draw about the power of this equipment to catch fish is that the fishing equipment have different degree of catching fish.
What is conclusion?Note that there are a lot of fishing equipment that was given by the manufacturer such as Trusty rod with a Husky reel, Trusty rod, monofilament line, and others.
Note that they will not all function at the same level as they all have the extent to which they can catch fishes. Some may be faster than the others why some may attract fishes quickly.
Conclusively, The conclusion is that the fishing equipment have different degree or extent to catching fish.
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What is the structure of Public corporation
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
Which of the following is a benefit of a bank?
A. You can get your cash quickly and easily.
B. A bank is insured by the federal deposit insurance corporation
C. You assets are safe from theft, loss, and fires
D. All the above
Answer:
D
Explanation:
Answer:
D. All the above
Explanation:
n investment adviser has 3 managing partners and 3 investment adviser representatives. All of the partners have completed the Certified Financial Planner (CFP) program and received the designation. The 3 IARs have been enrolled in a CFP preparation course and are scheduled to take the next CFP exam. The IA publishes an advertisement that states: "All of our partners are Certified Financial Planners." This advertisement is:
Answer: permitted since it is true
Explanation:
From the question, we are informed that an investment adviser has 3 managing partners and 3 investment adviser representatives and that all of the partners have completed the Certified Financial Planner program and received the designation.
We are further told that the 3 IARs have been enrolled in a CFP preparation course and are scheduled to take the next CFP exam. The IA publishes an advertisement that states: "All of our partners are Certified Financial Planners."
This advertisement is allowed because the advertisement is true. Since, we are already given the information that the 3 partners of the firm have done their Certified Financial Programs, therefore, the statement is true and not a misleading one.
what are some good reasons to become a illustrator
Answer:
able to create anything on a daily basis, sketch, and you can also get really big rewards from it
"Success or failure of any Industry depends on the management of human resources." Explain it with examples.
Answer
Human resource management is viewed as a significant administration movement by numerous bigger partnerships, not just a "workforce" division as it was viewed a few decades prior. Without a powerful human asset supervisory group, huge organizations today would track down it troublesome in the event that not difficult to staff, train and foster those specialists who basically make up the organization and add to its progress in the business climate. Without the ideal individuals, no business will prosper and develop to become one that stands separated from the competitors. Strategic the board, preparing and improvement, modern relations, and hierarchical ways of behaving are only a couple of the viewpoints that fall under human asset the executives today.
Explanation:
The management of human resources determines whether an industry succeeds or fails. Management of human resources is crucial to the operation of an industry. Managers of human resources plan, organize, and oversee an organization's administrative operations.
What is Human Resource Management?
The administrative tasks of an organization are planned, coordinated, and led by human resources managers. They supervise the hiring, interviewing, and onboarding of new employees, and assist chief executives with strategic planning.
The Master's Program in People Management and Organizational Development equips students with the in-depth knowledge, teamwork, analytical, and communication abilities necessary to support firms in successfully and sustainably expanding their operations.
In a workplace and organizational environment that is continually evolving, the curriculum provides students with the most recent information in people management and organizational development.
Thus, it is important for the student working as a human resource to come from that specific field.
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What is the objective of the Joint Project Planning Session?
Question 5 options:
Produce a detailed Project Plan
Produce Conditions of Satisfaction
Produce a Project Overview Statement
Produce Stakeholder Agreements
Which of the following is NOT a situation requiring team operating rules?
Question 16 options:
Conflict resolution
Problem solving
Project Training
Decision making
Mr. John Smith has been appointed as manager of large installation project. In his new role, Mr. Smith is responsible for managing potentially 300 stakeholders. Which of the following would be the BEST course of action for him to take?
Question 25 options:
Gather the needs
Find an effective way to gather the needs of all stakeholders
Contact the CEO and ask which stakeholders are most important
Eliminate some stakeholders
Produce a Project Overview Statement. Project Training. Find an effective way to gather the needs of all stakeholders.
The objective of the Joint Project Planning Session is to produce a Project training. This statement provides a high-level overview of the project, including its goals, scope, deliverables, and key stakeholders. It serves as a concise summary that helps align the project team and stakeholders on the project's direction and objectives. Project Training is not a situation that requires team operating rules. Team operating rules are typically established to guide and regulate team activities in areas such as conflict resolution, problem solving, and decision making. Project training, on the other hand, focuses on equipping team members with the necessary skills and knowledge to effectively perform their roles and contribute to the project's success.
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Information for Rafael Corp. Is given in BE8. 8. Suppose the accountant for Rafael Corp. Uses normal-absorption costing and uses the budgeted volume of 50,000 units to allocate the fixed overhead rather than the actual production volume of 40,000 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. (a) Calculate the manufacturing cost per unit and prepare a normal-absorption-costing income statement for the first year of operation. (b) Reconcile the difference in net income between the variable-costing and normal-absorption-costing methods
(a) To calculate the manufacturing cost per unit under normal-absorption costing, we need to allocate the fixed manufacturing overhead costs to the units produced.
Using the budgeted volume of 50,000 units, the fixed overhead rate is calculated as $240,000 / 50,000 = $4.80 per unit. The total manufacturing cost per unit is then calculated as follows:
Direct materials: $6.00
Direct labor: $8.00
Variable overhead: $2.00
Fixed overhead: $4.80
Total manufacturing cost: $20.80
(b) The difference in net income between variable-costing and normal-absorption-costing methods is caused by the treatment of fixed manufacturing overhead costs. Under variable costing, fixed manufacturing overhead costs are expensed in the period they are incurred, while under normal absorption costing, they are allocated to the units produced based on a predetermined overhead rate.
If the actual production volume is less than the budgeted volume, the fixed overhead allocated to each unit produced will be higher than the actual fixed overhead cost per unit. This results in an overstatement of inventory value and net income under normal absorption costing.
To reconcile the difference in net income between the two methods, we need to adjust the ending inventory value calculated under normal absorption costing by subtracting the fixed overhead volume variance (the difference between actual fixed overhead and allocated fixed overhead) multiplied by the number of units in ending inventory. This adjustment will decrease net income calculated under normal absorption costing.
In contrast, net income calculated under variable costing does not include the volume variance adjustment because fixed overhead costs are expensed in the period they are incurred. Therefore, the difference between the two methods can be reconciled by adding the fixed overhead volume variance adjustment to net income calculated under variable costing.
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If this price is increased by %, what is the approximate percentage change in demand?
Price elasticity is a measure of how responsive the quantity demanded or supplied of a good is to a change in its price. It is computed by dividing the percentage change in quantity demanded (or supplied) by the percentage change in price.
Elasticity can be categorized into five broad groups: perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary. A demand or supply is considered elastic if the elasticity is greater than one, which means that there is a high responsiveness to changes in price.
Unitary elasticity is when the percentage change in quantity demanded (or supplied) is equal to the percentage change in price.
Understanding price elasticity is crucial in economics as it helps determine the behavior of consumers and producers in response to changes in price.
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What kind of relationship is displayed in the supply curve?
The supply curve depicts that the Pick one → , Price , Quality or Quantity and supply have a/an
Indirect, Direct or Lagging , relationship.
Answer:
supply curve, in economics, graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply. Product price is measured on the vertical axis of the graph and quantity of product supplied on the horizontal axis.
Explanation:
if the availability of a physical commodity over the period of a futures contract has value to users of the commodity, the commodity is said to provide:
If the availability of a physical commodity over the period of a futures contract has value to users of the commodity the commodity is said to provide hedging benefits or hedging value.
Hedging benefits refer to the advantage gained by market participants who use futures contracts to manage their exposure to price fluctuations in the physical commodity.
By entering into a futures contract users can lock in a future price for the commodity which provides stability & certainty in their procurement or supply chain management.
This hedging value allows users to mitigate the risks associated with price volatility & ensure a reliable supply of the commodity at a predetermined price thereby supporting their operational efficiency & financial planning.
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advantages of collaborative office layouts
Answer:
By far, one of the greatest benefits of breaking down literal walls in the office is increased collaboration.
Explanation:
When multiple people are working in the same space, they are more likely to share ideas and ask for input.
TRUE/FALSE in order for amazon to understand how often a visitor to the site leaves it after viewing only one page, the company could use metrics such as the bounce rate
The statement in order for amazon to understand how often a visitor to the site leaves it after viewing only one page, the company could use metrics such as the bounce rate is true because it indicates the performance of the website.
The "bounce rate" is the percentage of visitors to a website who do not complete a form, make a purchase, or click a link. A high skip rate demonstrates that there are issues with your site's substance, client experience, page plan, or copywriting.
Bounce rate is one possible Ranking factor. In point of fact, a market study uncovered a strong correlation between bounce rate and first page results.
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A global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols.
Answer:
The correct answer is "Internet".
Explanation:
A global structure of data networks, the collection of several types of networks throughout which the clients at any device will, whether they have the authorization, obtain some technical information from other devices, recognized as an internet. Which utilizes a fraction of that same cumulative capacity of the already additional infrastructure network systems.Max, Jones and Waters shared profits and losses 20%, 40%, and 40% respectively and their partnership capital balance is $10,000, $30,000 and $50,000 respectively. Max has decided to withdraw from the partnership. An appraisal of the business and its property estimates the fair value to be $200,000. Land with a book value of $30,000 has a fair value of $45,000. Max has agreed to receive $20,000 in exchange for her partnership interest after revaluation. At what amount should land be recorded on the partnership books? Multiple Choice.. a. $20,000. b. $30,000. c. $45,000. d. $50,000. e. $200,000.
Given that the fair value of the land is $45,000 and the book value is $30,000, at $45,000 amount should land be recorded on the partnership books. The correct answer is option c.
In this case, Max is leaving the partnership and an appraisal of the company and its assets revealed a fair value of $20,000 for both. The appraised fair value of the land, which has a book value of $30,000, is $45,000. After the revaluation, Max has consented to receive $20,000 in exchange for her partnership interest.
The remaining partners in a partnership must update the partnership's assets and capital accounts to reflect the fair value of the company when a partner leaves the partnership. In this instance, the land ought to be entered on the partnership books at its revalued fair value of $45,000. The partnership's financial statements will be updated to reflect the updated value of the land after this adjustment, and Max will be paid the agreed upon amount for her partnership share.
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The law of supply tell us there is a negative, or inverse relationship between:_____.
a. the price of a good and the quantity supplied.
the higher the price, the lower the quantity supplied.
that as the price of a good increases, producers will increase the quantity supplied.
the positive relationship between the price of a good and quantity demanded by consumers.
Explanation:
the positive relationship between the price of a good and quantity demanded by consumers.