List and briefly describe the 4 main functions of a manager. 2. What are differences in the functions of Top Management, Middle Management, and First-Line Management? 3. As you read about management, think about a manager you worked for and the skills or things they did that made them a good manager. Are they the same or similar to skills or activities of successful managers identified in this Chapter? Please explain or describe connections that you see. 4. List and briefly describe the steps in the Decision Making process.

Answer:

1.As consumers, we take for granted that when we go to a supermarket the shelves will be filled with the products we want; when we are thirsty there will be a Coke machine or bar around the corner, and we count on being able to get online and find any product available for purchase and quick delivery. Of course, if we give it some thought, we realize that this magic is not a given and that hundreds of thousands of people plan, organize, and labor long hours to make this convenience available. It has not always been this way, and it is still not this way in many other parts of the world.

Looking back over time, the channel structure in primitive culture was virtually nonexistent. The family or tribal group was almost entirely self-sufficient. The group was composed of individuals who were both communal producers and consumers of whatever goods and services could be made available. As economies evolved, people began to specialize in some aspect of economic activity. They engaged in farming, hunting, or fishing, or some other basic craft. Eventually this specialized skill produced excess products, which they exchanged or traded for needed goods that had been produced by others. This exchange process or barter marked the beginning of formal channels of distribution. These early channels involved a series of exchanges between two parties who were producers of one product and consumers of the other.

Question:

The loans that were most profitable tended to  have the

A) Shortest terms, lowest monthly payments

B) Shortest terms, highest monthly payments

C) Longest terms, lowest monthly payments

D) Longest terms, highest monthly payments

Answer:

The correct option is C) Longest terms, lowest monthly payments

Explanation:

We don't know the nature of the loan and the conditions of disbursement so I'll make certain assumptions here.

As with all debts, every credit given must be paid back.

If the nature of the credit is that it has a short term and high monthly payback, it may put the business under undue pressure, thus defeating the real purpose behind the reason for the credit. Many businesses borrow money to solve a problem. It may be expansion problems, or business recovery problems. In either case, the business always requires ample time to regain traction.

So to request for the payback in less time than it takes for the business to generate traction in terms of customers, market awareness, and real business activity is counter-productive. Many times this is the case, as investors want to recoup their capital as quickly as possible.

So, from the standpoint of the loan recipient, when loan facilities, however, are spread over a longer period with low monthly paybacks, it gives the business room for more operational flexibility as far as finances are concerned. The business is able to weather "teething" periods and payback the funds. Long terms allow the business more time to trade the funds thus generating more profit.

Cheers

As there is no known form of the loan or the terms of disbursement, there will be made assumptions here to answer the queston. Every credit issued must be repaid, just like any other loan.

As a result, from the perspective of the loan recipient, when loan facilities are stretched over a longer length of time with modest monthly paybacks, it allows the business to have greater operational flexibility in terms of finances.

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Answer:

A. a market situation where competitive conditions across national markets are linked strongly enough to form a true world market and where leading competitors typically compete head to head in many different countries.

Explanation:

The characteristics of a world market where global competition prevails include a market situation where competitive conditions across national markets are linked strongly enough to form a true world market and where leading competitors typically compete head to head in many different countries.

For instance, the fierce competition between the manufacturers of mobile phones such as Android devices and iOS devices. Also, manufacturers of vehicles are into head to head competition in different countries.

The following is accurate and true as A counteroffer effectively transforms the original offeror into an accepting recipient.

A counteroffer has the effect of rejecting the previous offer and substituting a totally different offer in its place. It means that the initial offer has been accepted and the counteroffer has been turned down. The original agreement has expired. When a counter offer is accepted in a real estate transaction, the buyer and seller sign a contract specifying the terms they have both agreed upon. a bargain that automatically expires after the time period specified in the offer. Any party may accept an offer, including the offeree. Approval can be expressed verbally or nonverbally.

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Option 4 is correct. If the project's net present value (NPV) is negative, the project should be rejected.

Net present value (NPV) is the contrast between the current worth of money inflows and the current worth of money surges throughout some stretch of time. NPV is utilized in capital planning and speculation wanting to dissect the benefit of a projected venture or task.

NPV is the consequence of computations that find the ongoing worth of a future stream of installments, utilizing the legitimate markdown rate. As a general rule, projects with a positive NPV merit undertaking while those with a negative NPV are not.

In simpler words - NPV=Today’s value of the expected cash flows−Today’s value of invested cash

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Complete Question -
You are a project manager and find out that one of the project's net present value (npv) is negative. what should you do?

group of answer choices

1.  calculate the profitability index (pi)

2. determine the present value of the project

3. cost decrease the discount rate

4. reject the project

True: Liquidity represents the degree to which a firm has cash available to meet maturing debt obligations.

However, it's important to note that liquidity is not just limited to cash but also includes other liquid assets that can be easily converted into cash to meet debt obligations.

A firm with high liquidity is able to pay off its debts on time and has a lower risk of default.

On the other hand, a firm with low liquidity may struggle to meet its debt obligations and may be forced to take on additional debt or sell assets to raise cash, which can negatively impact its financial health in the long run.

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b. False.

A corporation can be formed with different purposes, not necessarily centered around profit-making. While profit-making is a common objective for many corporations, it is not the sole purpose.

corporations are formed with social, environmental, or charitable goals in mind.

In many jurisdictions, including the United States, corporations can be established as Benefit Corporations (B Corps) or Social Purpose Corporations (SPCs). These types of corporations are explicitly structured to pursue social or environmental objectives in addition to generating profits. They are legally bound to consider the impact of their decisions on multiple stakeholders, such as employees, communities, and the environment, rather than solely focusing on maximizing shareholder value.

Furthermore, there are non-profit corporations that are specifically formed for charitable, education , religious, or social purposes. These organizations are exempt from paying taxes because their primary goal is not profit-making but rather fulfilling their mission and benefiting society.

In summary, while profit-making is a common purpose for corporations, it is not a requirement, and corporations can be formed with other objectives such as social impact or charitable endeavors.

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Answer:

1. 60 Tyres

2. 80 Gas Turbines

Explanation:

Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.

Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.

At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.

Answer:

What are some of the rights that must be protected for a free enterprise system to work? Right to private property, right to exchange property, open opportunity, legal equality, and free contract.

Explanation:

Hope it helps, correct me if I am wrong!

I'm sure about my answer!

1st Financial Bank, also known as 1st Financial Bank USA, is a regional bank based in South Dakota that offers various financial services including checking and savings accounts, loans, and credit cards. The question of whether 1st Financial Bank is a legitimate bank is an important one for consumers who are considering doing business with the bank.

To answer the question of whether 1st Financial Bank is legit, it's important to look at the bank's regulatory compliance and security measures. Keyword, all banks in the United States are required to follow strict regulations set forth by the federal government, including the Federal Deposit Insurance Corporation (FDIC). This means that 1st Financial Bank must adhere to strict standards for consumer protection, privacy, and security.

Another factor to consider is the bank's reputation and customer satisfaction. Keyword, online reviews, consumer reports, and forums can be a good indicator of the bank's reputation and the experiences of its customers. It's important to take these reviews into account when determining the legitimacy of a bank.

In addition to regulatory compliance and customer satisfaction, it's also important to consider the bank's financial stability. Keyword, this can be determined by looking at the bank's financial statements and ratings from credit rating agencies. A bank with a strong financial position and good credit rating is generally considered to be a safe and reliable option for customers.

In conclusion, 1st Financial Bank is a legitimate bank that is regulated by the federal government and is subject to strict standards for consumer protection, privacy, and security. Keyword, to determine whether the bank is a good fit for you, it's important to consider factors such as regulatory compliance, customer satisfaction, and financial stability. As with any financial institution, it is always recommended to do thorough research and consult with a financial advisor before making any decisions.

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Answer:

Changes in technology can affect the demand for different products or the demand for related products. It can increase the market for a product by increasing the demand for a new product and making an older product obsolete

Explanation:

When a firm discovers a new technology that allows it to produce at a lower cost, the supply curve will shift to the right as well. ... A technological improvement that reduces costs of production will shift supply to the right, causing a greater quantity to be produced at any given price.

Answer:

hope it helps

Explanation:

b. name of the benificiars/ insured

To solve these problems, we can use the concept of the sampling distribution of the sample mean and the z-score.

Given:

Mean (μ) = $8040

Standard deviation (σ) = $4700

Sample size (n) = 1000

Part 1 of 5 (a):

To find the probability that the sample mean tax is less than $8100, we need to calculate the z-score and then find the corresponding probability using a standard normal distribution table.

First, calculate the standard error of the sample mean:

Standard Error (SE) = σ / √n = $4700 / √1000 ≈ $148.50

Next, calculate the z-score:

z = (X - μ) / SE = ($8100 - $8040) / $148.50 ≈ 0.404

Now, we can find the probability using the z-table:

P(Z < 0.404) ≈ 0.6563

So, the probability that the sample mean tax is less than $8100 is approximately 0.6563.

Part 2 of 5 (b):

To find the probability that the sample mean tax is between $7600 and $8000, we need to calculate the z-scores for both values and then find the difference in probabilities.

For $7600:

z1 = (X1 - μ) / SE = ($7600 - $8040) / $148.50 ≈ -2.966

For $8000:

z2 = (X2 - μ) / SE = ($8000 - $8040) / $148.50 ≈ -0.269

Now, we can find the probabilities using the z-table:

P(Z < -0.269) ≈ 0.3938

P(Z < -2.966) ≈ 0.0014

To find the probability between the two values, we subtract the smaller probability from the larger probability:

P(-2.966 < Z < -0.269) ≈ 0.3938 - 0.0014 ≈ 0.3924

So, the probability that the sample mean tax is between $7600 and $8000 is approximately 0.3924.

Part 3 of 5 (c):

To find the 10th percentile of the sample mean, we need to find the z-score that corresponds to the cumulative probability of 0.10.

Using the z-table, we find that the z-score corresponding to a cumulative probability of 0.10 is approximately -1.28.

Now, we can calculate the sample mean value:

Sample Mean = μ + (z * SE) = $8040 + (-1.28 * $148.50) ≈ $7892.16

So, the 10th percentile of the sample mean is approximately $7892.16.

Part 4 of 5 (d):

To determine if it would be unusual for the sample mean to be less than $7600, we need to calculate the probability.

First, calculate the z-score:

z = (X - μ) / SE = ($7600 - $8040) / $148.50 ≈ -2.966

Using the z-table, we find that the probability of a z-score less than -2.966 is approximately 0.0014.

So, the probability of the sample mean being less than $7600 is approximately 0.0014.

Part 5 of 5 (e):

To determine if it would be unusual for an individual to pay a tax of less than $7600, we can use the concept of z-score and the standard normal distribution.

Since

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Based on the given points, the relative frequency table that correctly displays the data is  A 2-column table with 3 rows. Column 1 is labeled grade with entries A, B, C. Column 2 is labeled Relative Frequency (percentage) with entries 35, 45, 20.

The total number of letters given is 20.

The number of As in this list are 7 As. Their relative frequency is:
= 7/20 x 100%
= 35%

The number of Bs. in the list are 9. The relative frequency is:

= 9/20 x 100%

= 45%

The number of Cs are 4 and their relative frequency is:
= 4/20 x 100.%

= 20%

In conclusion, the last table accurately shows the relative frequency.

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Answer:

The answer is C

Explanation:

I did it by adding 5 for every B's, A's, C's, and they make perfect sense

The reason is that it's difficult to measure individuals' abilities to pay for public goods.

In economics, a good that is both non-excludable and non-rivalrous is referred to be a public good. Users cannot be denied access to or use of such goods just because they didn't pay for them. Additionally, use by one individual does not restrict access for others or lessen their availability.

Usually, governments are in charge of providing these services, and taxes are used to pay for them all. The rule of law, national defense, and law enforcement are a few examples of public goods.

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Answer: 270 Seconds

Explanation:  90 seconds x 3 customers = 270 seconds Hope this helped :)

Cost decreases and revenue increases to about $6 per pastry. Cost and revenue both decrease after about $6.

What is Cost and Revenue in economics?

In business economics, the two key concepts are cost and income. Every firm strives to reduce expenses and increase revenue in order to generate the most profit.

Cost is the amount of money that each business has invested to produce a certain good or service.

The cost of a product is the monetary value assigned to the raw materials, labour, and other resources utilised to produce it in any firm.

Money serves as the production system's input in this instance so that the desired good or service can be obtained. Estimating costs during business planning for a firm, project, or product is crucial for ensuring profitability.

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If the Federal Reserve System sells $5 billion of government securities to commercial banks, the banks' reserves would remain the same.

This is because the sale of government securities by the Federal Reserve System to commercial banks is a monetary policy tool used to control the money supply in the economy.

When the Federal Reserve System sells government securities to commercial banks, it essentially drains liquidity from the banking system.

This is because the commercial banks use their reserves to purchase the securities from the Federal Reserve System, which reduces the amount of reserves available to lend out to other banks and customers.

However, this reduction in reserves is offset by an increase in government securities held by the commercial banks.

This means that although the amount of reserves available to the banks has decreased, their overall assets have remained the same. Therefore, the banks' reserves would remain the same.

It is important to note that the sale of government securities is just one of the tools used by the Federal Reserve System to control the money supply.

By adjusting the amount of reserves available to commercial banks, the Federal Reserve System can influence the interest rates and borrowing behavior of banks, which in turn affects the overall economy.

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The Free Trade Agreement of the U.S. is an example of the US agreeing to reduce barriers to imports and exports by lowering tarries. The correct answer thus is D.

The agreement between the U.S. and Mexico and Canada are examples of the Free Trade Agreement.

The  agreement described above is called North American Free Trade Agreement (NAFTA)

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Answer:  C. Reporting odd emails as spam

Explanation:

A transaction will only happen if and only if the price is between the buyer's value and the seller's outside option.

Let's break down the options to understand why this is the correct answer:

- Option 1: The buyer's value and the buyer's outside option. This option doesn't make sense because the buyer's outside option is not directly related to the transaction. The buyer's outside option refers to an alternative choice the buyer has if the transaction doesn't occur, and it is not directly involved in determining the price of the transaction.

- Option 2: The buyer's value and the seller's outside option. This is the correct answer. The buyer's value represents the maximum amount the buyer is willing to pay for the item or service. The seller's outside option refers to an alternative choice the seller has if the transaction doesn't occur. For a transaction to happen, the price needs to fall between the buyer's value and the seller's outside option. This ensures that both the buyer and seller find the transaction mutually beneficial.

- Option 3: The buyer's value and the seller's cost of production. This option doesn't capture the buyer's perspective accurately. The buyer's value is the maximum price the buyer is willing to pay, whereas the seller's cost of production is the cost incurred by the seller to produce the item or service. The transaction price is determined by the buyer's value, not the seller's cost of production.

- Option 4: The buyer's outside option and the seller's outside option. The buyer's outside option is not directly involved in determining the price of the transaction. It refers to an alternative choice the buyer has if the transaction doesn't occur. The seller's outside option also refers to an alternative choice the seller has if the transaction doesn't occur. However, the price of the transaction is determined by the buyer's value and the seller's outside option, not the outside options of both parties.

- Option 5: The buyer's outside option and the seller's cost of production. The buyer's outside option is not directly involved in determining the price of the transaction. The seller's cost of production refers to the cost incurred by the seller to produce the item or service. The transaction price is determined by the buyer's value, not the seller's cost of production.

Therefore, the correct answer is: The transaction will only happen if and only if the price is between the buyer's value and the seller's outside option.

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For a business, market penetration aims to boost customer purchases of its current products in its current market.

Delivering value to customers is marketing's primary goal in luring new clients and retaining old ones. It is accomplished through market penetration. It helps to boost customer purchases. Market penetration is the proportion of a product or service's predicted total market that is actually being used by consumers. The development of tactics used to enhance the market share of a specific good or service can also make use of market penetration. The potential market's size can be estimated using market penetration. If the industry's overall market is sizable, new entrants may be motivated by the possibility of gaining market share or a portion of the sector's total pool of potential customers.

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Answer:

C.eight-year bond with 5.5% annual interest rate

Explanation:

The computation of the total options under each option is as follows:

As we assume the par value be $1,000

For Option A

Total interest

= 9.5% × $1,000 × 3 years

= $285

For Option  B      

Total interest is

= 7.25% × $1,000 × 4 years

= $290

For Option C

Total interest is

= 5.5% × $1,000 × 8 years

= $440

For Option D

Total interest is

= 6% × $1,000 × 6 years

= $360

As we can see that the option C contains high value of the total interest. So the same is to be selected

The three-step change process initiated by Philips, which includes unfreezing, changing, and refreezing, is relevant in addressing the need for drastic changes identified during the benchmarking exercise. By following Kurt Lewin's Change Model, Philips can effectively enhance a smooth transition in change interventions.

Unfreezing is the first step, and it involves creating awareness and preparing employees for the upcoming change. Philips can implement this by communicating the reasons behind the need for change, highlighting the competitive performance gaps, and fostering a sense of urgency among the managers. Open and transparent communication will help employees understand the necessity of change and be more receptive to it.

The changing step is where the actual transition takes place. Philips should provide the managers with the necessary resources, support, and training to adapt to new processes, systems, and strategies. It is crucial to involve the managers in decision-making processes, allowing them to contribute their expertise and empowering them to take ownership of the changes. Regular feedback and continuous communication will help manage any resistance and keep everyone aligned towards the desired outcomes.

Finally, refreezing is about reinforcing the new changes and making them a part of the company's culture and operations. Philips should celebrate successes, recognize employees' efforts, and ensure the changes are integrated into performance metrics and reward systems. By embedding the changes into the organizational structure and practices, Philips can sustain the improvements achieved and prevent any regression to old habits.

Overall, by following the three-step change process and leveraging Kurt Lewin's Change Model, Philips can effectively navigate the transition, minimize resistance, and ensure a smooth and successful implementation of the necessary changes to improve their performance in line with their competitors.

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Benchmarking will be the correct answer

What is benchmarking?

Benchmarking is the practice of comparing your goods, services, and operations to those of businesses that are thought to be industry leaders in one or more areas. Even if they are in a different industry or serve a different clientele, benchmarking may provide you with the crucial insights you need to know how your company stacks up against others in a similar situation.

Organizations can find areas, systems, or processes that can be improved through incremental (continuous) or significant (business process re-engineering) changes by using benchmarking.

Technical and competitive benchmarking are two separate categories that have been established. To visualise the benchmarking review, Gantt charts and the House of Quality matrix are frequently utilised.



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Answer:

organizational skills

patience

research skills

Explanation:

A person can increase the effectiveness of problem-solving, future-focused learning, and task completion by using a variety of organizational skills. To achieve a predetermined goal, organization is required to integrate a number of components.

You may use your resources effectively and efficiently if you have the necessary organizational abilities. You can successfully complete all of your allocated chores if you have good time, energy, and workspace management skills. Depending on your employment and job title, organizational abilities can take many different shapes; nevertheless, they almost always involve keeping your workspace organized, managing deadlines, and working effectively with others.

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Answer:

Utility marketing is the concept whereby a brand intersects the consumer at the moment of a non-commercial need, addresses their need, becomes a part of their life, and remains with them for when they're ultimately ready to make a purchase.