Ebrima Kanteh works as a supervisor for an engineering company in Riyadh, Saudi Arabia. In the UK he had a reputation for speaking his mind and by doing so getting the best out of his staff. At the current project in Riyadh he supervises 12 British staff and nearly 50 Saudi staff. After a few months Ebrima has become increasingly frustrated by what he sees a less than effective Saudi team. Their lack of competence and slow work pace is worrying George. What should he do to try and bring the Saudi staff back into line?

Answers

Answer 1

Answer:

He should try to analyze and understand how Saudi workers view the role of a leader and teamwork. Cultural differences between Saudi Arabia and the UK are huge, the only similarity is that both are monarchies, but British monarchy stepped aside and doesn't rule anymore. While Saudi monarchy rules with an iron fist.

Some behavior or actions that are considered completely out of place or might even be illegal in the UK are totally normal in Saudi Arabia, and vice versa. I met someone that used to work in the middle east and he remembers that subordinates have a great respect for their leaders and do not question anything. But at the same time, normal motivation techniques didn't work with them. I remember he told me that in order to be able to make his team work he had to be rude with them and basically order them what to do and make sure they did it. This behavior would be unacceptable in western countries, bosses do not yell at employees all the time, but it worked for him there.

It wasn't the same country, but in order to work properly he had to overcome several cultural barriers and adopt several local customs. By the way, his subordinates were happy with him. No one ever confronted him and told him not to yell at people, since that is normal for them.

Ebrima will need to treat his British subordinates one way, and his Saudi subordinates another way. He should also talk to his fellow British employees and explain them why he is acting that way. If he doesn't, some of them might think he is abusing his authority. When my friend told about his experience I also thought he had become a really bad boss, but them he explained things to me in greater detail.


Related Questions

A firm wants to create a weighted average cost of capital (WACC) of 12 percent. The firm's cost of equity is 16 percent and its pre-tax cost of debt is 6 percent. The tax rate is 20 percent. What does the debt-equity ratio (D/E) need to be for the firm to achieve its target WACC

Answers

Answer: 0.56

Explanation:

After tax cost of debt is:

= 6% * ( 1 - 20%)

= 4.8%

Assume that the weight for debt is "x" which would mean that the weight for Equity is "1 - x".

WACC = (Weight of equity * cost of equity) + (Weight of debt * After tax cost of debt)

0.12 = ( (1 - x) * 0.16) + 0.048x

0.12 = 0.16 - 0.16x + 0.048x

0.12 - 0.16 = - 0.112x

x = -0.04 / -0.112

x = 35.7%

Weight of equity = 1 - 35.7% = 64.3%

Debt to equity ratio:

= 35.7% / 64.3%

= 0.56

As a newly hired project manager, you have been assigned to prepare a bid proposal for a project that your organization is interested in bidding on to possibly obtain a new contract. The assigned project is estimated to cost on the magnitude of $20 million over the course of 5-years. Your organization intends to borrow the entire amount upfront to meet customer requirements and pay the debt off over the 5-year life of the project at an interest rate of 10% compounded annually. Including the principal and interest, what is the total cost of your project at the end of the 5-year life cycle? How much do you need to bid or earn from the work in terms of dollars to pay back the loan and still make some profit and cover operating expenses? Show all work and calculations to include selected formulae. Based on your calculations, what is the minimum estimate your organization should bid on your proposal, and why this is the case?In completing this assignment, please recall that you should calculate the future value. Please make sure to calculate future value for the initial $20M investment for each year up to 5-years. As a reminder, the future value calculation is as follows: FV=PV(1+i)5
To simplify this assignment, think of making annual payments on the 5-year loan. Keep it simple and clear. You must earn enough to repay the loan, cover operating costs, and make a profit.

Answers

The minimum estimate the organization should bid on the proposal is approximately $32,210,200 to ensure that all costs are covered, including the loan repayment and profit.

How to calculate the value

In this case, the present value (PV) is $20 million, the interest rate (i) is 10% (or 0.10), and the number of years (n) is 5.

FV = $20,000,000(1 + 0.10)⁵

FV = $20,000,000(1.10)⁵

FV = $20,000,000(1.61051)

FV ≈ $32,210,200

Therefore, the total cost of the project at the end of the 5-year life cycle, including principal and interest, is approximately $32,210,200.

Profit = Total cost - Loan amount

Profit = $32,210,200 - $20,000,000

Profit = $12,210,200

Therefore, the organization needs to bid or earn at least $12,210,200 to pay back the loan and still make some profit and cover operating expenses.

Minimum Bid = Total cost of the project

Minimum Bid = $32,210,200

The minimum estimate the organization should bid on the proposal is approximately $32,210,200 to ensure that all costs are covered, including the loan repayment and profit.

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Recall that an exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound. Also recall the interest rates affect exchange rates. What do you predict will happen to the foreign exchange rate if interest rates in the United States increase more than in the UK? (In other words, which currency will become stronger?) How would such a change affect US exports to the UK? Would it be less expensive for an American tourist to take a vacation to London after the interest rate change? Be sure to clearly explain and justify your reasoning.

Answers

Answer:

Exchange Rate and Interest Rate

1. If interest rates in the United States increase more than in the UK, the exchange rate of the US dollars will increase relative to the UK pounds, thus causing the UK pounds to become stronger than the US dollars.

2. US exports to the UK would become cheaper in UK.

3. It would be more expensive for an American tourist to take a vacation to London after the interest rate change because they would need more money to handle the differences.

Explanation:

Generally, higher interest rates in an economy offer investors some higher returns when compared to other countries. These higher interest rates attract foreign capital and cause the exchange rate to rise.  When this happens, the cost of goods and services in the country with the higher interest and exchange rates.  The opposite becomes the case when the interest and exchange rates are lower relative to other countries.

If interest rates in the United States increase more than in the UK, the United states currency would become stronger or appreciate against the British Pound.

As a result of the increase in the value of the US currency, export to the UK would decline because export would become more expensive. It would be less expensive for American tourist to take a vacation to London.

Exchange rate is the rate at which one currency is exchanged for another currency.

If interest rates in the United States increase more than in the UK, there would be an increase in foreign investments in the US. As a result, the demand for the dollar would increase and this would lead to an appreciation of the dollar against the GBP.

As a result of the appreciation of the dollar, export goods to the UK becomes more expensive and imports to the US from the UK becomes cheaper.

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_____ is defined as "the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed."

Answers

Reengineering is being defined as the fundamental rethinking and redesigning of business processes to achieve the dramatic improvements in its critical and contemporary performance measures.

What is engineering?

Engineering is the process where the machines and its related items are being developed through application of scientific principles and concepts.

Reengineering is the technique where the dramatic upgradations in the overall performance of a business can be determined by modifying the  structure of business and its related systems.

It is one of the most important strategy being developed in the early times of the year 1990s. It merely focused on the designing and review of the workflows in an organization.

Therefore, the provided definition relates to the term called Reengineering.

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Which of the following statements is false about Activity-based management?
A. While useful, activity-based management and Activity-Based Costing information is not always cost efficient to obtain
B. The information needed for activity-based management is a direct byproduct of Activity-Based Costing
C. Activity-based management is an activity that is similar to Activity-Based Costing but requires a very different set of information
D. Activity-based management is designed to help management know which activities add the most value to goods and services

Answers

Answer:

C. Activity-based management is an activity that is similar to Activity-Based Costing but requires a very different set of information

Explanation:

Activity based management is the process by which a business identifies activities that contributes more to profitability of the business. These activities are retained.

While activities whose cost does not justify the profit they generate are discarded.

Activity based costing is used to allocate cost of a product based on level of activity of a particular process.

Activity based management uses information from activity based costing to identify processes that contribute more to profitability.

So the statement - Activity-based management is an activity that is similar to Activity-Based Costing but requires a very different set of information. - Is false

Activity-based management (ABM) is a way of identifying and assessing activities that a firm conducts, as well as doing a value chain analysis or a re-engineering exercise to enhance strategic and operational decisions in an organization, utilizing activity-based costing.

So, option C is correct as this is the only false statement about activity based management.

The other options are incorrect as:

Option A is incorrect as yes activity-based management and activity-based costing are not always cost-efficient.

Option B is incorrect as yes activity-based management and activity-based costing have many similarities but they need different information.

Option D is incorrect as yes activity-based management analysis every good and services provided by company and help organization know which of them add more value to organization.

Thus every statement is correct only statement C is untrue.

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Parks Corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. The investment would provide cash inflows of $2,000 per year for six years. The working capital would be released for use elsewhere when the project is completed.
If the company's discount rate is 10%, the investment's net present value is closest to (Ignore income taxes):

a) $1,290 b) $(1,290) c) $2,000 d) $4,350

Answers

I think is the answer c

Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends​

Answers

(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.

(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.

(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:

Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000

Cash Cr. Br 540,000

This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.

(b) To record revenue and dividends for the year:

On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.

Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)

Revenue from Investment in YY Ltd. Cr. Br 45,000

This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.

On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.

Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)

Revenue from Investment in YY Ltd. Cr. Br 81,000

This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.

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One of Shanice's team members is not happy with their performance review and refuses to accept the rating she gave. What should Shanice do?

Answers

Shanice should aim to resolve the issue through open communication, active listening, and a willingness to address the team member's concerns.

Listen and understand: Shanice should create an open and safe space for the team member to express their concerns. She should actively listen and seek to understand their perspective. This demonstrates empathy and shows that she values their input.

Provide clarity: Shanice should provide a clear explanation of the performance review process, including the criteria used to evaluate performance and the specific examples that led to the assigned rating. This can help address any misunderstandings or misconceptions.

Address concerns and offer feedback: Shanice should address the team member's specific concerns and provide constructive feedback. She can highlight areas for improvement and offer guidance on how to enhance performance. It's important for Shanice to focus on specific behaviors and outcomes rather than personal attacks or generalizations.

Seek input and involve the team member: Shanice can ask the team member for their suggestions on how to improve their performance or address their concerns. Involving them in the process can foster a sense of ownership and encourage collaboration.

Consider a reevaluation: If Shanice believes there may have been an oversight or if the team member presents compelling evidence, she can consider a reevaluation of the performance review. This may involve gathering additional feedback or revisiting the evaluation criteria.

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Write a linear cost function equation for each of the following conditions. Use y for estimated costs and X for activity of the cost driver.

a. Direct manufacturing labor is $10 per hour.

b. Direct materials cost $15.60 per cubic yard.

c. Utilities have a minimum charge of $5,000, plus a charge of $0.30 per kilowatt-hour.

d. Machine operating costs include $300,000 of machine depreciation per year, plus $100 of utility costs for each day the machinery is in operation.

Answers

Answer:

a)

y = $10x

b)

y = $15.6x

c)

y = $5000 + $0.3x

d)

y = $300000 + $100x

Explanation:

y for estimated costs and X for activity of the cost driver. Linear cost function is given as:

y = a + bx.

Where y is the cost being predicted, x is the cost driver, a is the fixed cost (intercept) and b is the variable cost per unit (slope)

a) Since Direct manufacturing labor is $10 per hour,  variable cost (b) =  Direct manufacturing labor = $10

Therefore:

y = $10x

b) variable cost (b) =  Direct materials cost = $15.60 per cubic yard.

Therefore:

y = $15.6x

c) Fixed cost (a) = utilities = $5000 and  variable cost (b) =  charges = $0.3 per kilowatt-hour. Therefore:

y = $5000 + $0.3x

d) Fixed cost (a) = Machine operating costs = $300000 and  variable cost (b) =  utility costs = $100 per day. Therefore:

y = $300000 + $100x

20. The shipment of goods or rendering of services to a foreign buyer, located in a
foreign country is:
Importing
Exporting
Foreign Exchange
Importing and Exporting

Answers

That is Importing. Option A.

Jake has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Megan, whom Jake has wanted to date for a long time, asks him to a concert. Jake would prefer to go to the concert with Megan and forgo the opera, but he doesn't want to waste the $100 he spent on the opera ticket. From the perspective of an economist, if Jake decides to go to the opera, what has he just done

Answers

Explanation

verified expert checkingsa

Explain link between creativity, innovation and entrepreneurship, and outline the steps for screening opportunities

Answers

Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,

Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.

Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.

Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.

When screening opportunities, aspiring entrepreneurs can follow a systematic approach:

Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.

Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.

Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.

Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.

Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.

Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.

Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.

Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.

Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.

Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.

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How technological change affect retail business industry?

Answers

Shopping in store can now be faster and more convenient through frictionless checkout experiences and automated stores, items can be delivered faster and cheaper through microfulfillment centers and the quality of customer experiences can be improved through robotics and immersive experiences.

(a) Explain the marketing strategies Sanders ventured in ensuring that his business became global



Answers

Sanders ventured in creating a consistent and strong brand culture ensuring his business became global market.

   For businesses expanding globally, building a powerful, enduring brand that customers are always able to recognize is a top concern. Brand structure has evolved into more of a brand culture as the internet has grown and expanded. To be more precise, it is increasingly common these days for the business you support to be representative of your culture. If you sacrifice your brand culture, it could be detrimental.

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Barnes books allows for possible bad debts. On may 7, barnes writes off a customer account of $7,000. On september 9, the customer unexpectedly pays the $7,000 balance.

Answers

The graphic below shows the details of the cash collection on September 9 that had been noted as a bad debt.

The organised record of every accounting transaction is a journal entry. It is the initial phase of accounting transaction recording. It displays every transaction that was done throughout the accounting period. Barnes Books allows for later-recoverable bad debts in the scenario described. On May 7, the business deducts a customer account. The client unintentionally settles the $7,000 amount on September 9. The figure below then shows the journal entry for receiving the bad debts amount on September 9. The graphic below is a record of the cash collected on September 9.

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This assignment consist of you selecting a topic from the book and finding two articles to support your thoughts and ideas surrounding that article/topicFor example, the book might talk about different management styles, to which you might find some articles that talk about how management styles have had to evolve post the pandemicThe paper is only two pages double spaced, and in no particular format other than citing correctly any referencesYou don't need a cover sheet, and should be double spaced. You can submit more than two pages but should stick pretty close to the minimum requiredRemember there should be an introduction, a body and then a summary/conclusion
BUSINESS CLASS!!

Answers

The Topic of my own choosing is: Evolution of Management Styles, a Post-Pandemic study.

What is the Management Styles?

The COVID-19 pandemic has drastically impacted businesses, necessitating adaptations and adjustments for survival. Management styles have especially undergone significant transformation.

This paper so discusses the evolution of post-pandemic management styles and organizational responses to the global health crisis. It also explores traditional pre-pandemic management styles such as hierarchical and top-down approaches.

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What quality does an organizational structure reflect? the demographics of the organization how large an organization is the gross income of an organization when an organization was established

Answers

Answer: How large and organization is.

Explanation:

“An organizational structure, or how a group arranges itself and communicates within, reflects what the organization wants to accomplish, how large it is, type of industry, and what types of products or services it delivers among other things.

An organizational structure reflects how large the organization is.

This factor, which affects an organizational structure, is known as the size factor.  Other factors include:

Strategy, which the organization has chosen in order to pursue and achieve its goals. Business environment, leading it to develop mechanistic or organic systems.

Thus, an organization's structure will always reflect the size of the organization.

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Meetings are a good place to decide what business to discuss.
Please select the best answer from the choices provided
OT
OF

Answers

It is a true statement that meetings are a good place to decide what business to discuss.

Why are meetings good place to decide what business to discuss?

When teams plan to discuss ideas, share information or offer solutions to workplace challenges, they might schedule meetings to review these items. This provides coworkers with a collaborative space to freely express opinions and update each other on current tasks.

When conducting a meeting, consider sending an agenda and informing employees of the meeting's topic beforehand to ensure it's productive and engaging. Hence, it is true that meetings are a good place to decide what business to discuss. because it means that you can discuss whatever you want with team since everyone has gathered.

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Tyler Hawes and Piper Albright formed a partnership, investing $210,000 and $70,000, respectively. Determine their participation in the year's net income of $104,000 under each of the following independent assumptions. No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $36,000 and $45,000, respectively, and the balance divided equally. Allowance of interest at the rate of 5% on original investments, salary allowances of $36,000 and $45,000, respectively, and the remainder divided equally.
Hawes Albright
(a) $ $
(b) $ $
(c) $ $
(d) $ $
(e) $ $

Answers

Answer:

No agreement concerning division of net income.

Hawes = $52,000

Albright = $52,000

Divided in the ratio of original capital investment.

Hawes = (210/280) x $104,000 = $78,000

Albright = (70/280) x $104,000 = $26,000

Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3.

Hawes = ($210,000 x 5%) + $36,000 = $46,500

Albright = ($70,000 x 5%) + $54,000 = $57,500

Salary allowances of $36,000 and $45,000, respectively, and the balance divided equally.

Hawes = $36,000 + $11,500 = $47,500

Albright = $45,000 + $11,500 = $56,500

Allowance of interest at the rate of 5% on original investments, salary allowances of $36,000 and $45,000, respectively, and the remainder divided equally.

Hawes = ($210,000 x 5%) + $36,000 + $4,500 = $51,000

Albright = ($70,000 x 5%) + $45,000 + $4,500 = $53,000

How important are structure and culture compared to the other primary internal considerations for a strategic plan?

Answers

Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.

Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.

An effective structure enables employees to work together efficiently, leading to a higher level of productivity.

Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.

A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.

In conclusion, structure and culture are essential components of an organization's strategic plan.

By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.

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Drag and drop each type of shrink to the correct location.
Internal Shrink
2020 DOLLAR GENERAL
Robberies
Burglaries
Shoplifting
Paperwork errors
Fraudulent transactions
Employee theft
Sliding merchandise
Vendor theft/fraud
External Shrink
ShrinkAwarenessKC_20201112

Answers

Answer:

Internal Shrink

Employee theft

Paperwork errors

Fraudulent transactions

Sliding merchandise

External Shrink

Robberies

Burglaries

Shoplifting

Vendor theft/fraud

Note: Shrink refers to the loss of inventory or revenue due to various reasons such as theft, damage, errors, etc.

Explanation:

2. Out of the last 94 years shown, how many years had negative annual returns? What percentage is that?

Answers

Out of the last 94 years shown, 23 years had negative annual returns. This means that roughly 24.5% of the years had negative returns.

It is important to note that this percentage may vary depending on the specific time frame and data set being analyzed. Negative annual returns occur when the value of an investment decreases over the course of a year. This can happen due to a variety of factors such as economic downturns, changes in market conditions, or poor performance by individual companies. Investors should be aware of the potential for negative returns when making investment decisions, but it is also important to remember that past performance is not necessarily indicative of future results. Proper diversification and risk management strategies can help minimize the impact of negative returns on an investment portfolio.

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How can a manager use a value chain to improve a company?

Answers

To improve a company's value chain, its value chain management team identifies each part of its production process and where improvements can be made. These improvements can either reduce costs or improve production capacity.

2. When the price of good A rises, people start to drink good B. In this case, what is good B considered?
a. A luxury good
b. A complementary good
C. A substitute good
d. A normal good

Answers

B.) a complementary good
Is the answer

Companies should take the expectations of the broader community into
account when making decisions.
True or false​

Answers

True because it will make a better company

Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04

Answers

The solution to the given question when we consider total cost and total revenue, given in the following table:

The Financial Table

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.

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Which sentence best completes the diagram?
Globalization
?
OA. Natural resources move from poor to rich countries.
OB. Fewer companies have a need for natural resources.
OC. Incomes improve for poor people in all countries.
W
OD. Local businesses face less international competition.

Answers

Incomes improve for poor people in all countries is the best sentence which completes the Globalization. option C is the correct answer.

Globalization is the method by which businesses, organizations, and governments work on a worldwide scale. Globalization alludes to the method of expanding interconnecting and interdependency among individuals, businesses, and nations over the world. It includes the stream of products, administrations, capital, innovation, and data over national borders, coming about in a developing sense of shared social, social, and financial values.

Globalization has been encouraged by headways in communication innovation, transportation, and exchange liberalization arrangements. It has driven to expanded financial development, advancement, and social trade, but has too brought about in concerns approximately imbalance, natural corruption, and social homogenization

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c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)​

Answers

A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.

How is this so?

Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.

Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).

Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?

When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.

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what are 2 different types of budgets and discuss how they complement each other?

Answers

There are two main types of budgets: operational budgets and financial budgets.

Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.

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The correct answer the finance charge

The correct answer the finance charge

Answers

The finance charge on the average daily balance for the card over 1 month period is $70.

How do we calculate the finance charge?

The finance charge is the cost of consumer credit. It includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as a result of or as a condition of credit extension.

Data

The amount used on the Credit card are: $200, $300 and $150 for different period in a year. The balance will for the month will be:

=  $200 + $300 + $150 - ($150 + $150)

= $650 - $300

= $350

The amount of finance charge on the account is:

= 20% * $350

= $70

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