This scenario is an example of budget review a principle that is most likely being implemented to identifying performance gaps.
Albert is a manager at a local clothing store and is currently engaged in a meeting with senior managers to review sales projections and outcomes for the past year.
This process is known as a budget review, as it involves examining the financial performance of the store against the sales forecasts and plans that were established at the beginning of the year.
These projections were used to allocate resources throughout the store in order to optimize its performance.
A crucial part of the budget review process is identifying performance gaps. This involves comparing the actual sales outcomes to the projected figures and determining any discrepancies or areas where the store's performance fell short of expectations.
By identifying these performance gaps, Albert and the senior managers can work together to devise strategies and action plans to improve the store's performance moving forward.
The purpose of this budget review is not to increase Albert's salary or eliminate waste using methodologies like Total Quality Management or Six Sigma.
Instead, the primary objective is to assess the store's financial performance and identify areas for improvement in order to maximize sales and profitability in the future.
Through this process, Albert and the senior management team can make informed decisions about resource allocation and strategic planning for the coming year, ensuring the store's continued success.
To know more about budget review refer to-
https://brainly.com/question/28263316
#SPJ11
True or false.
Supply and demand determines the price of labor paid for jobs earning more than minimum wage.
Answer:
true
Explanation:
Which descriptions offer examples of Management workers? Check all that apply. Roger sells a company’s product to customers. Arthur supervises a small department of Administrative workers. Bridget documents a company’s financial activities and creates reports. Whitney oversees others, makes decisions, and runs a company.
Answer:
The answer is B&D
Answer:
b & d
Explanation: got it wrong the first time and this is the right answer lol
Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information
Answer:
acdf
Explanation:
Answer:
C,D,E
Explanation:
right on Edge
Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of $7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:
Answer:
The company currently earns a total contribution margin of $ 20
Which of the following would be regulated by the GAO? O A. a "mom and pop" restaurant B. a non-profit charity O c. a large public corporation O D. the state of Nevada
Answer:
the state of Nevada
Explanation:
If productivity increases significantly and demand is not very elastic, what is likely to happen?
A
B. Fewer workers will be needed.
C. Division of labor will decrease.
D. Demand will increase.
The number of consumers will increase.
Please select the best answer from the choices provided
A
OB
D
Answer:
B. Fewer workers will be needed.
Explanation:
Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.
An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.
If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.
Answer:
B
Explanation:
Consumers who have a similar response to a certain type of marketing can be classified as a ________.
Consumers who have a similar response to a certain type of marketing can be classified as a Market segment.
The term market segment refers to people grouped together for marketing purposes. A market segment is a portion of a larger market and often groups people together based on one or more similar characteristics.
Demographic, psychographic, behavioral, and geographic segmentation are considered the four main types of market segmentation, but there are many other strategies that can be used, including numerous variations of the four main types. Here are some methods you might want to explore.
There are four types of segmentation: demographic, psychological, geographic, and behavioral. These are common examples of how companies segment their markets based on gender, age, lifestyle, etc.
Learn more about the market segment here https://brainly.com/question/14225381
4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
I need help ASAP with personal finance
AnswER:
What do you need help with
Explanation:
An amount of cash that a business keeps on hand for small payments or purchases is
called:
A a cash advance
B Petty cash
C a debit card
D an electronic funds transfer
One to two sentences, explain what happens to a production possibilities curve if a natural disaster creates a scarcity of a key resource needed to make a product. Explain why this happens.
A natural disaster causing a scarcity of a key resource necessary for production will result in a shift inward or to the left of the production possibilities curve.
This occurs because the reduced availability of the key resource limits the economy's ability to produce the affected product, leading to a decrease in overall production capacity.
As a result, the economy's production possibilities are constrained, and it is forced to operate at a suboptimal level.
The scarcity of the key resource disrupts the balance between the production of different goods, leading to a decrease in potential output.
The economy will need to allocate its limited resources and adjust its production mix accordingly, potentially focusing on alternative products or finding substitutes for the scarce resource in order to maximize production under the new constraints imposed by natural disaster-induced scarcity.
For more questions on: production possibilities curve.
https://brainly.com/question/26460726
#SPJ8
TRUE OR FALSE
Some employees enjoy working for an autocratic leader because they welcome the structured environment.
Answer:
The Answer is gonna be True
This is the right Answer :3
I hope you are having a great day ❤️❤️❤️
Answer:
true
Explanation:
promise its true
HOPE IT HELPS
Can anyone help me think of an advertisement for a product I’m selling which is a drone.
Regardless of the variety of options available, all forms of advertising share two objectives: to influence customers so that they become leads or customers.
How to Influence Customers?
Consumer behavior is influenced by four psychological factors: attitude or set of beliefs, perception, learning, and motivation. Behaving in a manner that offers others the opportunity to change (their behavior, attitudes, thoughts, and ways) and/or accommodate your own wishes is one aspect of influencing skills. However, it is important to recognize that others may be unable to, unwilling to, or unprepared to respond to our request to be influenced. Human behavior is influenced by a variety of factors and characteristics. These are distinctions that are unique to the person with whom you are collaborating. Personality traits.
These are things that affect how a person interacts with other people. Institutional elements. Factors that affect the community and Public policy.
To know more about Influence Customers, visit:
https://brainly.com/question/28101484
#SPJ1
Which of the following is usually not part of the criteria for project success?
A. Customer satisfaction
B. Customer acceptance
C. Meeting at least 75 percent of specification requirements
D. Meeting the triple-constraint requirements
Meeting at least 75 percent of specification requirements is usually not part of the criteria for project success. Thus the correct option is C.
The completion of the project's objectives within the defined restrictions, such as budget, schedule, scope, quality, and stakeholder expectations, is referred to as project success.
The project's success is primarily contingent on achieving customer needs within an agreed-upon time schedule and staying within budget in order to produce deliverables efficiently.
Therefore, option C is appropriate.
Learn more about Project Success, here:
https://brainly.com/question/18521532
#SPJ4
Hayden works with flammable chemicals in his career in a perfume factory. Based on that information, which of the following conditions might warrant his higher wage. decision making stress level supervision danger or risks
The condition that might warrant his higher wage is the danger or risks present in the workplace.
What is the condition of the workplace?The condition of the workplace present a high hazard because of the flammable chemicals that can cause serious accident
Hence, the condition that might warrant his higher wage is the danger or risks present in the workplace.
Therefore, the Option D is correct.
Read more about high hazard
brainly.com/question/14367881
Answer:
D
Explanation:
ill give every answer when im finish dont delete me
Hershey Foods teaming with General Mills to offer a breakfast cereal called Reese's Peanut Butter Puffs, where both brand names are used on the packaging, is known as ______.
The combination of Hershey Foods teaming with General Mills to offer a breakfast cereal is known as Cobranding
What is cobranding?Co branding refers to a strategic alliance between two or more companies that links multiple brands from different companies to market a product that shows both characteristics of the individual products.
Cobranding enables producers make use of two brands that are bind together for a consumer to be able to co-purchase the products provided.
Hence, the combination of Hershey Foods teaming with General Mills to offer a breakfast cereal is known as cobranding
Learn more about cobranding here : https://brainly.com/question/14256105
Explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets.
Resources are in many cases geographical, especially those that have to do with land. Markets become imperfect because Multinational Corporations (MNCs) have to in a few cases, be domiciled in the geographical space where the resources are in order to acquire them.
What is an Imperfect Market?It is to be noted tha an Imperfect Market is one that deviates from the requirements of standards of a "Perfect Market".
Unlike a perfect market, in an imperfect market, corporate and individual buyers and sellers can affect the price of production, and information about prices and products is not publicly circulated.
So the more spread MNCs are all over the world, the more imperfect, the market is likely to become.
See the link below for more about Imperfect Market:
https://brainly.com/question/934361
_____ are those that buyers do not generally want to have to shop for until they need them.
Unsought offerings are those that buyers do not generally want to have to shop for until they need them. Towing services and funeral services are generally considered unsought offerings.
Unsought offerings examples encompass luxury cars, pricey cameras, and high style clothing. Unsought merchandise are people who clients do no longer normally cross seeking out, or about which the common purchaser won't also be aware, due to the fact it is unsightly to think.
Towing services way the act of eliminating a Disabled automobile from a public or personal avenue vicinity by way of attaching, lifting, pulling or dragging and storing such automobiles in a secure facility or region.
Learn more about Unsought offerings here https://brainly.com/question/14227090
#SPJ4
Determine whether you have enough monies to live comfortably each year for 20 years in your dream state of Oregon.
Assume you are at age 65 and have the following assets:
Pension Plan worth $375,000. You plan to take an ordinary annuity on your pension to withdraw all assets in 20 years. Assume 4. 5% interest per year. You will get monthly payments for 20 years.
Social Security - $27,600 per year for 20 years. Assume that this is the amount you will receive each year.
Savings worth $140,000. You plan to take an ordinary annuity to withdraw all assets in 20 years. Assume 4. 25% interest per year. You will get monthly payments for 20 years.
Answer the following questions:
What will be the monthly amount received individually from the pension plan, social security, and savings? What will be the monthly total? Round all 4 answers to the nearest penny.
What will be the yearly amount received individually from the pension plan, social security, and savings? What will be the yearly total? Round all 4 answers to the nearest dollar.
What will be the 20-year amounts received individually from the pension plan, social security, and savings? What will be the 20-year total amount? Round all 4 answers to the nearest dollar.
Is the total amount enough to retire comfortably in your dream state of Oregon? What are your plans to make the required savings now and/or in the future to live comfortably in your dream state? Explain
The given information is insufficient to provide specific calculations for the monthly, yearly, and 20-year amounts received individually from the pension plan, social security, and savings. However, with the provided information about the assets and their respective interest rates, it is possible to make some general observations. To determine the exact amounts, the formulas for calculating annuity payments would need to be applied.
In terms of retirement planning, it is important to consider various factors to assess whether the total amount received is enough to live comfortably in Oregon for 20 years. Factors such as living expenses, inflation, healthcare costs, and personal preferences need to be taken into account. It is recommended to create a detailed retirement budget that includes all expected expenses and compare it to the projected income from the pension plan, social security, and savings. This will help determine if the income is sufficient to cover living expenses and maintain a comfortable lifestyle.
If the total amount falls short of the desired retirement income, additional savings and investments may be necessary. Individuals can consider options such as contributing to retirement accounts (e.g., 401(k), IRA), investing in stocks or bonds, or exploring other income-generating opportunities. Working with a financial advisor can provide valuable guidance in developing a comprehensive retirement plan and making the necessary savings and investment decisions.
Ultimately, the ability to retire comfortably in Oregon depends on personal financial goals, lifestyle choices, and the level of financial security one desires. It is crucial to regularly review and adjust the retirement plan as circumstances change to ensure a comfortable and secure retirement.
To learn more about annuity payments : brainly.com/question/29753490
#SPJ11
Computing Payroll Costs; Discussion of Labor Costs LO 9-1 (The following information applies to the questions displayed below.] Oaks Company has completed the payroll for the month of January, reflecting the following data: Salaries and wages earned Employee income taxes withheld FICA payroll taxes* $ 86,000 10,000 6,000 "Assessed on both employer and employee (i.e., $6,000 each). E9-3 Part 2 2. List the liabilities and their amounts reported on the company's January 31 balance sheet, assuming the employees have been paid but that no transfers have been made to government agencies
The total liabilities reported on the balance sheet would be $102,000 ($86,000 + $10,000 + $6,000).
Total liabilitiesBased on the information provided, the liabilities and their amounts reported on the company's January 31 balance sheet would be:
Salaries and wages payable: $86,000Employee income taxes payable: $10,000FICA payroll taxes payable: $6,000 (both employer and employee portions)Therefore, the total liabilities reported on the balance sheet would be $102,000 ($86,000 + $10,000 + $6,000).
These amounts represent the company's obligation to pay its employees and to remit the appropriate taxes to government agencies.
Learn more about total liabilities: brainly.com/question/30711030
#SPJ11
according to the principle of diminishing returns, if all factors of production but one are held constant and if that one factor is doubled, then eventually output will most likely
According to the principle of diminishing returns, if all factors of production but one are held constant and if that one factor is doubled, then eventually output will most likely less than double.
What are diminishing returns?
When the amount of a single production element is incrementally increased while maintaining the same level of all other production factors, this phenomenon is known as diminishing returns in economics (ceteris paribus). The law of decreasing returns, commonly referred to as the law of diminishing marginal productivity, holds that when a production factor is increased by one unit while keeping all other production factors constant, the output per additional unit of input eventually decreases. Distinguishing returns cause productivity and efficiency to decline while output remains positive.
To learn more about diminishing returns visit;
https://brainly.com/question/30391995
#SPJ4
Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *
Answer: 5%
Explanation:
The market share for the company will be gotten using the formula:
= Sales generated by company / Total industry sales × 100
= 10/200 × 100.
= 5%
Therefore, the company's market share is 5%
Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
hope it helps
Pushem down clearing contractors purchases a dozer with a delivered price of $470,000. the company believes it can sell the used dozer after 4 years (1,800 hr/yr) of service for $75,000. there will be no major overhauls. the company's cost of capital is 8.3%, and its tax rate is 35%. property taxes, insurance, and storage will run 5%. what is the owning cost for the dozer? use the time value method to calculate the depreciation portion of the ownership cos
Unless the dividend is given to a firm that owns at least 25% of the paid-up capital in the Dutch company, the rate is 15%.
You may determine the entire yearly cost of owning the equipment by multiplying the variable expenses, which are normally computed per the hour, by the annual hours of operation and then including the expense to the annual fixed costs. The variable and fixed expenses of delivering commodities are combined to get a total using the total cost formula. Total cost is calculated as follows: (Average Fixed Cost x Average Variable Cost) x Units Produced. Owning costs equal machine purchase price plus financing plus taxes minus disposal cost (what you get for that machine when you resell it). Operating expenses are calculated as follows: labour, gasoline, maintenance, tyre, track, and component replacement costs, plus overhead.
To learn more about company click the link below:
brainly.com/question/29354835
#SPJ4
If a company moves ownership of activities closer to the end customer, such as providing after-sales support, it is engaging in ______ vertical integration. Multiple choice question. forward full scaled backward
If a company moves ownership of activities closer to the end customer, such as providing after-sales support, it is engaging in forward vertical integration.
What is Forward vertical integration?Forward vertical integration is a business strategy where a company acquires one or more of its customer organizations.
Vertical integration is a business strategy that involves a company acquiring or owning different stages of the production process, from the raw materials to the final product. In other words, it is the consolidation of all activities involved in the production and distribution of a product under one umbrella.
Backward integration occurs when a company takes ownership of its suppliers, such as a manufacturer acquiring a raw materials producer. Forward integration, on the other hand, occurs when a company takes ownership of its distributors or retailers. Vertical integration can provide several benefits to a company, such as increased control over the production process, reduced costs, improved efficiency, and increased market power.
Read more about Vertical integration at https://brainly.com/question/31198558
#SPJ11
hurry !
Whom does the Government and Public Administration career cluster serve?
private citizens
army and navy
government employees and the military
national security and the foreign service
Private citizens do the Government and Public Administration career cluster serve. Hence, option A is correct.
What is Public Administration?In the field of public administration, leaders collaborate with localities to advance the welfare of the public and effect change for the better. Public administration specialists are equipped to run all levels of government and nonprofit organizations.
Public administrators plan, direct, and supervise the organizations that oversee and regulate local laws and legislation. As these organizations grow to satisfy society's demands while simultaneously serving the interests and needs of the general public, public administrators act as special consultants to them.
"Legislative activities, taxation, national security, public order and safety, immigration services, foreign affairs and international assistance, and the administration of government programs" are all considered to be "exclusively governmental in nature."
Thus, option A is correct.
For more information about Public Administration, click here:
https://brainly.com/question/22972887
#SPJ6
(Scenario: The Market for Travel Mugs) Use Scenario: The Market for Travel Mugs. If a $1 per unit tax is imposed, the deadweight loss associated with the tax will be equal: Scenario: The Market for Travel Mugs The market for travel mugs is given by the following demand and supply equations: Demand: P = 50 – 0.5Q Supply: P=0.33Q where P is the price per mug, and Q is the quantity of mugs. The government is considering imposing a $1 per unit tax on the purchase of travel mugs.
$0.60. $1.00. $0.50. $0.40.
The new equilibrium price, and the quantity demanded at the new equilibrium price: $0.60
To calculate the deadweight loss associated with the tax, we first need to find the equilibrium price and quantity without the tax. To do this, we set the demand equal to the supply and solve for Q:
50 – 0.5Q = 0.33Q
0.83Q = 50
Q = 60.24
Plugging Q back into either the demand or supply equation gives us the equilibrium price:
P = 50 – 0.5(60.24) = 19.88
Now, with the $1 per unit tax, the new supply curve will be:
P = 0.33Q + 1
We can again find the equilibrium price and quantity by setting the new supply equal to the demand:
50 – 0.5Q = 0.33Q + 1
0.83Q = 49
Q = 59.04
Plugging Q back into either the demand or new supply equation gives us the new equilibrium price:
P = 50 – 0.5(59.04) = 19.48
The difference between the original equilibrium price and the new equilibrium price is the amount of the tax:
$1 = 19.88 - 19.48
To find the deadweight loss, we need to calculate the change in consumer and producer surplus due to the tax. The change in consumer surplus is equal to the area of the triangle formed by the original equilibrium price, the new equilibrium price, and the quantity demanded at the new equilibrium price:
(1/2)(19.88 - 19.48)(60.24 - 59.04) = $0.60
Learn more about new equilibrium price here:
https://brainly.com/question/31594428
#SPJ12
what is 3/16 x 6 in simplest form as fraction
how would u figure out why ur computer is glitchin so much
Which of the following is most likely to create a long-term trend?
A. Fashion
B. Entertainment
C. Television shows
D. Demographics
Demographics is most likely to create a long-term trend. Demographics is the study of the characteristics of human populations, such as age, sex, education, income, and race. The correct answer is option D.
These factors have a significant impact on consumer behavior, and thus, they can create long-term trends in the marketplace. As people age, their preferences change, and they tend to consume different products and services. For example, as the baby boomer generation has aged, there has been a trend towards products and services that cater to their needs, such as retirement communities, healthcare, and leisure activities.
Additionally, changes in education, income, and race can create new trends in consumer behavior. For example, if there is an increase in the number of people with higher education degrees, this could lead to a trend towards products and services that cater to their needs, such as high-tech gadgets, gourmet foods, and luxury vacations. Therefore, demographics is most likely to create a long-term trend. The correct answer is option D.
For more such questions on Demographics
https://brainly.com/question/6623502
#SPJ8
Which of the following is an example of a source of external information?
government report
purchase records
loyalty cards
service records
Answer:
Government Reports are a source of external information