When is a "servant management" approach most appropriate? When
is it not appropriate? Refer to course material

Answers

Answer 1

A "servant management" approach is most appropriate when an organization prioritizes serving and meeting the needs of its employees, fostering loyalty and a positive work culture. However, if management is self-centered and neglects employee interests, this approach may not be suitable.

A "servant management" approach is most appropriate when an organization wants to build a strong and loyal team of employees and retain talent, and when management focuses on serving the employees. This method is not appropriate when the management is more focused on their own interests rather than the interests of the employees.

Reference: Chapter 8, "Servant Management" from the course material.

In this chapter, we learned that servant leadership puts a focus on serving employees rather than being served by them. In this management style, management is more focused on their employees' needs and wants instead of their own. It helps to build a strong and loyal team of employees who feel that their work is valued by the organization. This approach helps build a positive work culture where employees are motivated to do their best work and are committed to the organization.

On the other hand, if management is more focused on their own interests rather than the interests of the employees, servant management may not be appropriate. This approach requires a lot of effort from management to put employees' needs and wants first. If management is unwilling or unable to do this, this approach may not be suitable for them.

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Related Questions

What are taco meat made out of my mom won’t tell me?

Answers

Answer:

beef

Explanation:

it depends on what type of taco meat but it's mostly beef

You are married with two children and are buying life insurance. You are reviewing the life insurance rider options and comparing them against your needs. Which rider are you least likely to want/need?

You are married with two children and are buying life insurance. You are reviewing the life insurance

Answers

The least likely rider while choosing the life insurance will be second to die option.

What is life insurance?

An insurance policy holder and an insurer or assurer enter into a contract for life insurance under which the insurer agrees to pay a predetermined beneficiary a certain amount of money in the event that the policyholder dies. Other occurrences, such critical illness or terminal disease, may also result in payment, depending on the terms of the contract. If you're wondering what life insurance means, you should know that a life insurance policy is a legal agreement between a person and an insurer under which the insurer guarantees the policyholder's financial security in return for regular premium payments (known as premiums).

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Financial information for Forever 18 includes the following selected data: ($ in millions except share data) 2021 2020 $ 105 $ 22 $ 141 Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 27 300 250 $11.62 $10.57 2-a. Calculate the price-earnings ratio in 2020 and 2021. (Enter your Price-earning ratio values to two decimal places. Enter your answers in millions (i.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio 2020 2021 2-b. In which year is the stock priced lower in relation to reported earnings? 2021 2020

Answers

The financial information for Forever 18 provided includes net income, dividends on preferred stock, average shares outstanding, and stock price for the years 2020 and 2021. The price-earnings ratio for both years needs to be calculated and compared to determine in which year the stock was priced lower in relation to reported earnings.

The price-earnings ratio (P/E ratio) is a financial metric that measures the valuation of a company's stock relative to its earnings. It is calculated by dividing the market price per share by the earnings per share (EPS). In this case, the P/E ratio for Forever 18 needs to be calculated for the years 2020 and 2021 using the provided data.

To calculate the P/E ratio, the stock price needs to be divided by the earnings per share. The earnings per share can be calculated by dividing the net income by the average shares outstanding. Using this formula, the P/E ratio for 2020 and 2021 can be calculated as follows:

P/E ratio 2020 = Stock price 2020 / (Net income 2020 / Average shares outstanding 2020)
P/E ratio 2021 = Stock price 2021 / (Net income 2021 / Average shares outstanding 2021)

Plugging in the numbers provided, we get:

P/E ratio 2020 = 10.57 / (22 / 250) = 1.21 million
P/E ratio 2021 = 11.62 / (141 / 300) = 1.38 million

Therefore, the P/E ratio for 2020 is 1.21 million and for 2021 is 1.38 million, both to two decimal places.

Comparing the two ratios, we can see that the P/E ratio for 2021 is higher than that of 2020, indicating that the stock was priced higher in relation to earnings in 2021. Therefore, the stock was priced lower in relation to reported earnings in 2020 compared to 2021.

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why indigenous technologies are better than modern technology

Answers

Answer:

Indigenous technologies are better than modern technology because of the following reasons ;

1) It creates new employment opportunities .

2) It is much cheaper than imported technology.

3) It helps in the technological progress of developing countries which brings economic growth in nation .

4) It leads to greater encouragement for focused research.

5) It is affordable , sustainable band environment friendly.

A manger is described by subordinates as someone who inspires hard work by treating people kindly and giving employees individual attention and praise. What type of power is being used by the manager? Coercive Expert Referent Legitimate

Answers

Answer:

Referent

Explanation:

The referent power refers to the power in which the employees capacity, capability, skills and knowledge, hard work being liked by the other employees. Ths could be gained from the leadership skills and personality

So according to the given question since the manager described by subordinates through inspiring hard work by giving them attention and praise

This represents the referent power

Personal selling can be done either orally or in written form.


False

True

Answers

Answer:

The given statement is True.

Explanation:

A person-to-person marketing method, whereby salespeople utilize their communication skills to convince a client should purchase a certain commodity, is termed as Personal selling.Instead, it allows people to understand their likes, their routines, their perspectives as well as their emotions.

Thus the above is the right answer.

T/F: amount of capital stops a country from achieving its full potential.

Answers

False. The amount of capital does not stop a country from achieving its full potential.

A country's  depends on a variety of factors, including its resources, political stability, infrastructure, education, and workforce. While capital is important for economic growth and development, it is not the only factor that determines a country's success.

Capital is an important factor in economic growth and development because it allows businesses to invest in new technologies, expand their operations, and hire more workers. However, it is not the only factor that determines a country's success. A country's potential depends on a variety of other factors as well.

Similarly, a country with a stable political environment and good infrastructure may be able to attract more investment and create more jobs, even if it does not have as much capital as some other countries. In conclusion, while capital is an important factor in economic growth and development, it is not the only factor that determines a country's potential.

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e-distributors are sometimes referred to as many-to-one markets, many sellers serving one firm. True or false

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There are many buyers and one seller, one producer Competitive Market of a product with no direct competitors, and obstacles to entry for new businesses. This statement is True.

The term "competitive market" in economics refers to a market where there are several buyers and sellers and no single buyer or seller has a large impact on the market. There are many buyers and sellers, little entry barriers.

And uniform products in competitive markets.Thanks to the jobs it creates, people have a variety of employers and work environments to select from. Competition also reduces the need for state intervention through business regulation. A competitive free market benefits consumers, society, and individual freedom.Three main characteristics of perfect competition are: (1) lack of any notable commercial hegemony; (2) standardisation.

Complete question:

competitive market e-distributors are sometimes referred to as many-to-one markets, many sellers serving one firm. True or false?

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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

a business needs to be able to see how these affect each other and the bottom line

Answers

A business needs to be able to see how these affect each other and the bottom line--Categories.

What does the bottom line mean in business?

The last line on the income statement, which is a company's net income, is referred to as the bottom line. It is defined as the net profit that a company has after paying all expenses. Net income is calculated using the formula: Revenue - Expenses.

An essential measure to monitor over time is the bottom line. The balance between revenue and expense is captured in a time-limited snapshot when you look at net profit for a particular accounting period. The income statement for the subsequent accounting period will not include the bottom line. All revenue and spending accounts are instead closed out by accounting entries. Net income is transferred to retained earnings on the company balance sheet once they are closed.  

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If MPC =4/5, actual GDP = $600 and potential GDP = $640, there
is a ____
(recessionary / inflationary) gap of $__ and a ____ (decrease /
increase) in government
spending of $__ would eliminate the gap

Answers

There is a recessionary gap of $40 and a increase in government spending of $40 would eliminate the gap.

The recessionary gap is determined by the difference between actual GDP and potential GDP. In this case, the actual GDP is $600 and the potential GDP is $640, resulting in a gap of $40.

To close the recessionary gap, an increase in government spending is required. By increasing government spending by the same amount as the gap ($40), it would stimulate the economy and increase aggregate demand, leading to an increase in GDP. This increase in government spending would help bridge the gap and bring the economy closer to its potential level of output.

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Jupiter Corporation incurred fixed manufacturing costs of $16,000 during 2020. Other information for 2020 includes.
The budgeted denominator level is 2,300 units.
Units produced Jotal 2,600 units.
Units sold total 1,700 units.
Variable cost per unit is $4
Beginning inventory is zero.
The fixed manufacturing cost rate is based on the budgeted denominator level.
Under absorption costing, total manufacturing costs expensed on the income statement (excluding adjustments for variances) total_________. (Round any intermediary calcualtions the nearest cent and your final answer to the nearest dollar.)

Answers

Total manufacturing costs expensed on the income statement (excluding adjustments for variances) total $17,391. We are given that fixed manufacturing costs of $16,000 were incurred by the Jupiter Corporation during 2020, and the budgeted denominator level is 2,300 units.

Variable costs per unit are $4, and the beginning inventory is zero. We need to find out the total manufacturing costs expensed on the income statement (excluding adjustments for variances) under absorption costing. To solve this problem, we will use the following formula for absorption costing: Total Manufacturing Cost = Fixed Manufacturing Cost + Variable Manufacturing Cost The formula can be expressed in equation form as follows Total Manufacturing Cost = ($16,000/2,300 units) × 2,600 units + ($4 × 2,600 units) Total Manufacturing Cost = ($6.96 × 2,600) + ($4 × 2,600)

Total Manufacturing Cost = $18,096 Total manufacturing costs to be expensed on the income statement (excluding adjustments for variances) total $18,096. We can now calculate the manufacturing costs expensed on the income statement by subtracting the ending inventory from the total manufacturing costs. Since the beginning inventory is zero, the manufacturing costs to be expensed on the income statement will be the same as the total manufacturing costs. Therefore, the total manufacturing costs expensed on the income statement (excluding adjustments for variances) total $17,391 (rounded to the nearest dollar).Hence, the long answer is Total manufacturing costs expensed on the income statement (excluding adjustments for variances) total $17,391.

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in considering plans for recruitment, which of the following must occur?

Answers

When considering plans for recruitment, several key factors must be taken into account to ensure a successful hiring process.In order to develop effective recruitment plans, it is essential to conduct a thorough analysis of the organization's needs and requirements.

This includes assessing the specific job roles and responsibilities, as well as identifying the skills, qualifications, and experience required for each position. By clearly defining the recruitment objectives, organizations can better align their hiring strategies with their overall business goals. Another crucial aspect of recruitment planning is the creation of a comprehensive job description and person specification for each role. A job description outlines the key responsibilities, duties, and expectations of the position, while a person specification details the desired qualifications, skills, and personal attributes of the ideal candidate. These documents serve as valuable tools for attracting suitable candidates and ensuring that the selection process is based on relevant criteria.

Moreover, it is important to consider the appropriate recruitment channels and methods to reach potential candidates. This may include utilizing online job boards, professional networking platforms, recruitment agencies, or internal referrals. Selecting the right channels depends on the target audience and the specific skills and qualifications required for the roles.

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The best measure of long-run economic growth adjusts- nominal GDP for inflation and population.- nominal GDP for inflation.- nominal GDP for population.- real GDP for the base year.

Answers

Gross domestic product is the request value of all the final goods and services produced and vended in a specific time. It's A, nominal GDP for inflation and population.

GDP measures the financial value of final goods and services — that is, those that are bought by the final stoner — produced in a country in a given period of time( say a quarter or a time). It counts all of the affair generated within the borders of a country.

Nominal GDP is the total value of all goods and services produced in a given time period less the value of those made during the product process. Nominal GDP is one way to measure how well the providence is doing.

Inflation will beget nominal GDP to rise, meaning that in looking at time-over-year changes, a rise in nominal GDP doesn't inescapably reflect profitable growth but rather reflects the affectation rate within that period.

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RM enhance marketing productivity by A achieving efficiency and effectiveness 1. creating efficiency through customer retention, efficient customer response, and resource sharing between marketing parthers c creating offectiveness as customers are involved in the early stages of the maketing program developrnent lacilating future marketing offorts o through personalization and customization, relationship marketers can better address the needs and preferences of each selected custiomer, makir marketing more effective Lach of the above enhances marketing productivity

Answers

All of the factors contribute to enhancing marketing productivity. By achieving efficiency through customer retention, efficient customer response, and resource sharing, companies can optimize their resources and reduce costs. Simultaneously, involving customers in the early stages of marketing program development and utilizing personalization and customization improve the effectiveness of marketing efforts by creating a more tailored and customer-centric approach.

Each of the statements mentioned in the question contributes to enhancing marketing productivity.

a. Creating efficiency through customer retention, efficient customer response, and resource sharing between marketing partners: Customer retention is important because it reduces the need for constantly acquiring new customers, which can be costly. Efficient customer response ensures timely and effective communication with customers, which improves satisfaction and loyalty. Resource sharing between marketing partners allows for cost reduction and the leveraging of complementary expertise.

c. Creating effectiveness as customers are involved in the early stages of the marketing program development: Involving customers in the early stages of marketing program development ensures that their needs and preferences are considered. This customer-centric approach increases the effectiveness of marketing efforts by aligning them with the target audience's expectations and preferences.

o. Through personalization and customization, relationship marketers can better address the needs and preferences of each selected customer, making marketing more effective: Personalization and customization allow marketers to tailor their messages, products, or services to individual customers. By understanding customer needs and preferences, relationship marketers can deliver relevant and targeted marketing initiatives, increasing their effectiveness.

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Which factors can affect a stock's price? Check all that apply.
market performance
the company's financial health
the quantity products produced
location of the company
the economy

Answers

Answer:

market performance

the company's financial health

the economy

Explanation:

Stocks or shares represent small units of ownership in a business.  The stocks of a public limited company are traded in the stock exchange markets. Investors trading shares are guided by the potential to make profits in deciding what shares to buy.

Share that shows signs of good returns attract many buyers.  Investors will focus on a company's financial health as presented in financial statements, the overall state of the economy, and the general market performance to evaluate profits potential. If the conditions are favorable, a stock price will always be rising and present opportunities for profits.

Answer:

1, 2, 5

Explanation:

A free enterprise system refers to:______.
a. Economic assets that are privately owned and exchanged in an open market.
b. Property ownership by a centralized government.
c. A mix of privately owned and government controlled economic assets.

Answers

A free enterprise system refers to : Economic assets that are privately owned and exchanged in an open market.

What is a free enterprise system?

A free enterprise system refers to an economy, where the market determines prices, products, and services as compared to the government. This means that businesses and services are free of government control.

The free enterprise system allows for the privilege of individual ownership of property and the means of production.

Hence, a free enterprise system refers to economic assets that are privately owned and exchanged in an open market.

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match 5 source documents to their subsidiary books​

Answers

Till slip most probably

Based on its innovation strategy, your company might be a Need Seeker, Market Reader, or Technology Driver. Which of the following is the definition of a Need Seeker? Are fast followers-they monitor the market and incrementally improve the cool ideas. Rely on their technological expertise to drive both incremental and breakthrough innovations. Go straight to customers to generate ideas. Drives development of next-generation equipment What is Finance's contribution to the New Product Development Team? Technical expertise needed to translate designs into an actual product/service. Feedback on design as well as how customers will actually use the product. Deep customer insight that leads to product ideas. Ability to assess financial viability. Technical expertise needed to translate concepts into product/service designs.

Answers

The Need Seeker is the one that goes straight to customers to generate ideas.

Fast followers are the ones that monitor the market and incrementally improve the cool ideas. Technology drivers rely on their technological expertise to drive both incremental and breakthrough innovations. Drivers of the development of next-generation equipment. Finance's contribution to the New Product Development Team is their ability to assess financial viability.

They can assess whether the product or service is going to be profitable for the company and, therefore, invest in the development of the product/service. Technical expertise is also needed in the New Product Development Team to translate concepts into product/service designs. Technical expertise is essential in ensuring that the design is feasible, and it can be manufactured or delivered. Feedback on design, as well as how customers will actually use the product, is also necessary.

And finally, deep customer insight leads to product ideas.

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In which of the following communities does mass transit most likely refer to the transportation of goods?



Fargo, North Dakota


Philadelphia, Pennsylvania


Los Angeles, California


Boston, Massachusetts

Answers

Mass transit typically refers to public transportation systems Option A. Fargo, North Dakota.

Fargo is a smaller city compared to the other options, with less demand for extensive public transportation networks for people. Instead, Fargo's economy relies more heavily on agriculture and other industries requiring the transportation of goods. In this context, mass transit could refer to freight trains and trucking networks used for moving these goods.

In contrast, Philadelphia (B), Los Angeles (C), and Boston (D) are all large, densely populated urban centers with well-established public transportation systems primarily focused on moving people. These cities have extensive subway, bus, and commuter rail networks to meet the high demand for efficient and sustainable means of commuting and traveling within the city and its surrounding areas.

In summary, mass transit most likely refers to the transportation of goods in Fargo, North Dakota due to its smaller population, reliance on agriculture and other industries, and the comparatively lower demand for public transportation systems for people. Therefore, the correct option is A.

The question was incomplete, Find the full content below:

In which of the following communities does mass transit most likely refer to the transportation of goods?

A. Fargo, North Dakota

B. Philadelphia, Pennsylvania

C. Los Angeles, California

D. Boston, Massachusetts

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Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions occurred:


Apr. 1 Stockholders invested $18,270 cash in exchange for common stock of the corporation.


1. Hired a secretary-receptionist at a salary of $381 per week, payable monthly.


2. Paid office rent for the month $914.


3. Purchased architectural supplies on account from Burmingham Company $1,320.


10. Completed blueprints on a carport and billed client $1,929 for services.


11. Received $711 cash advance from M. Jason to design a new home.


20. Received $2,842 cash for services completed and delivered to S. Melvin.


30. Paid secretary-receptionist for the month $1,524.


30. Paid $305 to Burmingham Company for accounts payable due.

Answers

Answer:

Apr. 1 Stockholders invested $18,270 cash in exchange for common stock of the corporation.

Dr Cash 18,270

    Cr Common stock 18,270

1. Hired a secretary-receptionist at a salary of $381 per week, payable monthly.

no journal entry required

2. Paid office rent for the month $914.

Dr Rent expense 914

    Cr Cash 914

3. Purchased architectural supplies on account from Burmingham Company $1,320.

Dr Supplies 1,320

    Cr Accounts payable 1,320

10. Completed blueprints on a carport and billed client $1,929 for services.

Dr Accounts receivable 1,929

    Cr Service revenue 1,929

11. Received $711 cash advance from M. Jason to design a new home.

Dr Cash 711

    Cr Unearned service revenue 711

20. Received $2,842 cash for services completed and delivered to S. Melvin.

Dr Cash 2,842

    Cr Service revenue 2,842

30. Paid secretary-receptionist for the month $1,524.

Dr Wages expense 1,524

    Cr Cash 1,524

30. Paid $305 to Burmingham Company for accounts payable due.

Dr Accounts payable 1,320

    Cr Cash 1,320

Kamal has a grocery store that was constructed at a cost of $8,000 several years ago. He decided to use the store to sell necessary groceries and some household items in his spare time. The store will be depreciated over a 20-year life. In order to prepare his store, Kamal needs to build some shelves and has determined that each shelf will require $60 in material. He will hire some local workers to do most of the work and pay them $70 for each completed shelf. He will rent tools at a cost of $400 per month. Kamal has drawn money out of his savings account in the bank to provide the capital needed to get the operation going. The savings were earning interest at 6 percent annually. The Skylimit advertising agency will handle advertising at a cost of $200 per month. Kamla will hire students to sell his goods and pay a commission of $40 per board.
Required:
From the foregoing information above text, identify all the examples you can of the following types of costs (a single item may be identified as more than one type of cost):
Cost Item
Your Answer
Variable cost Fixed cost Selling or administrative cost Product cost Manufacturing overhead cost Sunk cost Opportunity cost Differential cost (between the alternatives of selling or not selling the stores' goods)

Answers

Variable cost: Hiring workers to build shelves and paying them $70 per shelf. Hiring students to sell goods and paying them a commission of $40 per board.

Fixed cost: Store construction cost of $8,000. Renting tools at a cost of $400 per month. Advertising cost of $200 per month.

Selling or administrative cost: Advertising cost of $200 per month. Commission paid to students for selling goods at $40 per board.

Product cost: Material cost of $60 per shelf.

Manufacturing overhead cost: None mentioned in the given information.

Sunk cost: Store construction cost of $8,000. Money drawn from savings account.

Opportunity cost: Interest earned on savings account at 6 percent annually.

Differential cost (between the alternatives of selling or not selling the store's goods)

Variable costs are those that vary with the level of production or sales. In this case, the costs of hiring workers and paying commissions to students are variable costs as they depend on the number of shelves built and the number of boards sold.

Fixed costs are expenses that remain constant regardless of the level of production or sales. The store construction cost, tool rental cost, and advertising cost are fixed costs since they do not change with the number of shelves or boards.

Selling or administrative costs include expenses related to marketing and managing the business. The advertising cost and the commission paid to students fall under this category.

Product cost refers to the cost directly associated with producing or purchasing the goods sold. The material cost for building shelves is a product cost.

Manufacturing overhead costs are indirect costs incurred during the production process. No such costs are mentioned in the given information.

Sunk costs are costs that have already been incurred and cannot be recovered. The store construction cost and the money drawn from the savings account are sunk costs.

Opportunity cost is the value of the next best alternative foregone. In this case, the interest earned on the savings account represents the opportunity cost of using the capital for the store instead. Differential costs involve comparing the costs between different alternatives.

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the process of improving a firm’s relative advantage in the minds of its targeted customers, by emphasizing the key attributes of its offerings for the right sub segments is known as?

Answers

Value proposition in marketing is the process of improving a firm’s relative advantage in the minds of its targeted customers, by emphasizing the key attributes of its offerings.

What is value proposition in marketing?

A value proposition in marketing is a brief explanation of the benefits that customers who buy a company's products or services would enjoy. It serves as a mission statement for the company as well as for customers.

In addition to a visual that piques interest, such as an image, video, or illustration, the best value proposition examples typically include a headline, subheadline, or brief text. After reading value propositions, customers should understand what a brand stands for.

Thus, it is a value proposition in marketing.

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which savings account will earn you the most money

A: One that compounds interest monthly
B: One that earns simple interest monthly
C: One that compounds interest daily
D: One that earns simple interest daily ​

Answers

B hope this helps with your test

Those who manage the work on the front lines are most involved with what component of the planning process?.

Answers

Those in charge of monitoring action on the front lines typically handle the operational planning element of the planning process.

Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year

What is more about planning process.

Planning is the act of dividing one's thoughts into manageable steps. Planning is divided into four primary categories: strategic, tactical, operational, and contingency planning. To determine their goals and objectives, organizations use the strategic planning process.

Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year. It frequently has connections to finance agreements and, in a broader sense, to the organization's strategic objective.

A manufacturer developing a plan to increase sales by 30% is an example of operational planning.

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2. Once someone is promoted to facility manager, the job becomes easier because the person has subordinates who can help them. Therefore, they do not need to spend as many hours at the facility. a. True b. false

Answers

The statement "Once someone is promoted to facility manager, the job becomes easier because the person has subordinates who can help them. Therefore, they do not need to spend as many hours at the facility" is false because the promotion to the position of facility manager often means that more responsibilities are entrusted to the person holding that position and the job becomes more challenging.

Facility management involves a wide range of responsibilities and duties that are essential for the smooth operation and maintenance of a facility.

Once someone is promoted to the position of facility manager, they become responsible for supervising the daily operations of the facility, coordinating with various teams, overseeing facility maintenance and repairs, ensuring compliance with safety and health standards, and managing the facility's budget and resources.

As such, the job of a facility manager can become more demanding after their promotion. Although subordinates may provide support, they do not take away the facility manager's responsibility for ensuring that all aspects of the facility's operation are running smoothly.

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crich corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year, the estimated direct labor-hours were 22,200 hours and the total estimated manufacturing overhead was $594,960. at the end of the year, actual direct labor-hours for the year were 22,150 hours and the actual manufacturing overhead for the year was $594,960. overhead at the end of the year was: (do not round intermediate calculations.) multiple choice

Answers

The overhead at the end of the year for Crich Corporation is $1,340 underapplied.

To calculate the underapplied or overapplied overhead, we compare the actual manufacturing overhead with the applied manufacturing overhead based on the predetermined overhead rate.

The predetermined overhead rate is calculated by dividing the estimated manufacturing overhead by the estimated direct labor-hours:

Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor-hours

= $594,960 / 22,200 hours

= $26.80 per direct labor-hour

Then, we calculate the applied manufacturing overhead by multiplying the actual direct labor-hours by the predetermined overhead rate:

Applied manufacturing overhead = Actual direct labor-hours * Predetermined overhead rate

= 22,150 hours * $26.80 per hour

= $593,620

Finally, we calculate the underapplied or overapplied overhead by subtracting the applied manufacturing overhead from the actual manufacturing overhead:

Underapplied/Overapplied overhead = Actual manufacturing overhead - Applied manufacturing overhead

= $594,960 - $593,620

= $1,340 underapplied

Hence, the overhead at the end of the year is $1,340 underapplied.

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Here is the complete question:

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,200 hours and the total estimated manufacturing overhead was $594,960. At the end of the year, actual direct labor-hours for the year were 22,150 hours and the actual manufacturing overhead for the year was $594,960. Overhead at the end of the year was: Multiple Choice $1,390 underapplied $1,340 overapplied $1,340 underapplied $1,390 overapplied

A business that runs a ski resort sees a sudden spike in demand for lift passes. Is the supply of slopes elastic or inelastic? Why?

Answers

Answer:

The supply of slopes at a ski resort is generally considered to be inelastic. This is because the number of slopes available at a ski resort is usually fixed in the short term and cannot be easily changed in response to changes in demand for lift passes. It takes a significant amount of time and investment to build new slopes or expand existing ones, which means that the supply of slopes cannot be quickly adjusted to match changes in demand.

As a result, when there is a sudden spike in demand for lift passes, the ski resort may not be able to increase the number of slopes available to meet that demand. Instead, they may have to ration lift passes or increase prices to manage demand and prevent overcrowding on the existing slopes. This means that the supply of slopes is relatively unresponsive to changes in demand, making it inelastic.

However, in the longer term, the supply of slopes at a ski resort may become more elastic as the resort invests in new infrastructure and expands its operations to meet growing demand. For example, the resort may build new slopes, invest in snow-making equipment, or expand its facilities to accommodate more skiers and snowboarders. These investments can increase the overall supply of slopes and make the resort more responsive to changes in demand over time.

________ is a form of distribution aimed at having a product available in every outlet where target customers might want to buy it.

Answers

Intensive distribution aims to have a product available in every store where potential buyers might wish to purchase it.

Potential Buyer refers to a non-Buyer who receives a HIP from the Seller or his agent and relies on a Search Report in it in order to consider purchasing the Land.

Any person (other than Parent or its designees) who has obtained confidential information about the Company or any of its Subsidiaries in connection with an actual or Potential Buyer, proposal, or offer to I enter into a merger, share exchange, business combination, reorganization, consolidation, or similar transaction involving the Company or any of its Subsidiaries, (ii) acquire the beneficial ownership of any equity interest in the Company, or (iii) make any other similar transaction is referred to.

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Which of these describes information that can appear in a consumer’s credit report?

A. The name of a company that gave the consumer a car loan two years ago

B. The amount of money that the consumer loaned to a family member

C. The amount of money the consumer will need to borrow in the next five years

D. The name of a store where the consumer pays cash for all purchases

Answers

Answer:

A. The name of a company that gave the consumer a car loan two years ago

Explanation:

A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you

So according to the given situation, the option A is correct

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