a. The reaction function for each firm. Firm 1: Q1 = 29 − 0.5Q2. Firm 2: Q2 = 28 − 0.5Q1.
b. The firm’s equilibrium output. Firm 1: 19. Firm 2: 19.
c. The equilibrium market price. $122.
d. The profit each firm earns in equilibrium. Firm 1: $1,292. Firm 2: $1,710.
The Explanation to Each Answera. The reaction function for each firm can be determined by solving for their optimal output levels given the other firm's output level.
Starting with Firm 1:
Maximize profits:
π1 = (P - 26)Q1 = (200 - 3(Q1 + Q2) - 26)Q1FOC: ∂π1/∂Q1 = 174 - 6Q1 - 3Q2 = 0Solve for Q1:
Q1 = (174 - 3Q2)/6Therefore, the reaction function for Firm 1 is:
Q1 = 29 - 0.5Q2Now, for Firm 2:
Maximize profits:
π2 = (P - 32)Q2 = (200 - 3(Q1 + Q2) - 32)Q2FOC: ∂π2/∂Q2 = 168 - 3Q1 - 6Q2 = 0Solve for Q2: Q2
= (168 - 3Q1)/6Therefore, the reaction function for Firm 2 is:
Q2 = 28 - 0.5Q1b. To find the equilibrium output levels for each firm, we need to solve the two reaction functions simultaneously:
Q1 = 29 - 0.5Q2Q2 = 28 - 0.5Q1Substituting the second equation into the first, we get:
Q1 = 29 - 0.5(28 - 0.5Q1)Simplifying, we get:
Q1 = 19And substituting this value into the second equation, we get:
Q2 = 19Therefore, the equilibrium output levels for each firm are:
Firm 1: Q1 = 19Firm 2: Q2 = 19c. To find the equilibrium market price, we can substitute the equilibrium output levels into the inverse demand equation:
P = 200 - 3(Q1 + Q2)P = 200 - 3(19 + 19)P = 122Therefore, the equilibrium market price is $122.
d. To find the profit each firm earns in equilibrium, we need to plug the equilibrium output levels into their respective profit functions:
Firm 1:
π1 = (P - 26)Q1π1 = (122 - 26)19π1 = $1,292Firm 2:
π2 = (P - 32)Q2π2 = (122 - 32)19π2 = $1,710Therefore, the profit each firm earns in equilibrium is:
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outline 2 advantages to H&H of using secondary market research
what is good about having a checking account?
Answer:
It allows you to deposit money that you can then draw against to pay bills or make purchases
Explanation:
NEED HELP ASAP. WILL GIVE BRAINLIEST
How do limited resources affect a nation's decision to engage in international trade?
Answer:
it affects growth and population
Explanation:
Analyzing Finance Workers' Qualities, Skills, and Abilities.
According to the video, what qualities, skills, and abilities do workers in this career cluster need? Check ALL that apply.
a. physical strength for working outdoors and traveling
b. communication skills for explaining complex concepts
c. leadership skills for persuading others to take action
d. the ability to inspire others
e. the ability to be unemotional about business
f. the ability to be comfortable in an office setting
The qualities, skills, and abilities which workers in this career cluster need are:
B. Communication skills for explaining complex conceptsE. The ability to be unemotional about business F. The ability to be comfortable in an office settingAccording to the given question, we are meant to show the abilities, skills which workers that were displayed on video needs to have if they are to thrive in their chosen profession.
As a result of this, we can see that the workers in this particular career cluster needs communication skills, emotional intelligence and ability to be comfortable in an office setting.
Therefore, the correct answers are options B, E and F
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Answer:
B.E.F
Explanation:
That a company may need security clearance is a possible reason for offering which type of tender?
A company may need security clearance is a possible reason for offering a Restricted tender.
What is a security clearance?Upon the execution of a comprehensive criminal record check, persons are given the status of having possession of restricted locations or classified material.
With restricted tendering, only a small group of manufacturers, suppliers, or telecommunications companies are invited to submit bids. This is due to the possibility that the firm requires clearance with regard to security.
This provides them with the security that the company is a legit one and would not be any complications in future.
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If a customer agrees to retain merchandise that is defective because the seller is willing to reduce the selling price, this transaction is known as a sales.
Answer:
Allowance.
Explanation:
When you finish your budget, you should have:
A: money left over
B: more bills to pay
c: a zero balance
D: All of the choices
Answer:
Zero balance
Explanation:
Because you finished all your money.
the direct consumers of the product are the client public. target markets are defined much more easily. goods are marketed more often than ideas or services. the techniques used by for-profit organizations to define target markets cannot be applied. development of a marketing strategy should focus on the general public.
Answer:
This question is incomplete, the questions itself is missing. The correct question is the following:
"In nonprofit organizations," ...
And the correct option is the first one: The direct consumers of the product are the client public.
Explanation:
To begin with, the nonprofit organizations are those that focus on the fact of giving its service or product to the public in general because there is an extremely importance in the good itself so that is why that the organization focus on reaching every member of the community because the product or service should be at the reach of all. And that is why that in the nonprofit organizations the direct consumers of the product or service are the client public.
The fundamental difference between quotas and import licenses as a means of controlling imports is that?
The fundamental difference between quotas and import licenses as a means of controlling imports is that quotas restrict the quantity of imported goods allowed into a country, while import licenses regulate who is allowed to import goods.
Quotas are limits set on the quantity of imported goods that can enter a country. They can be imposed by the government to protect domestic industries, manage trade deficits, or for other economic reasons. Quotas typically specify the maximum amount of a particular product that can be imported within a certain time period. Once the quota is reached, no more imports of that product are allowed.
On the other hand, import licenses are permits granted by the government to specific individuals or businesses to import goods. These licenses control who is authorized to bring in goods and can be used to regulate imports based on factors such as quality standards, safety requirements, or adherence to certain regulations. Import licenses provide a way for the government to monitor and regulate imports on a case-by-case basis.
In summary, quotas restrict the quantity of imports, while import licenses control who can import goods. Quotas set limits on the overall quantity of goods, while import licenses determine who can engage in the importation process.
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Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Answer:
The net present value (NPV) of the decision to grant credit is $2,938,157.89.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Calculate the NPV of the decision to grant credit.
The explanation of the answer is now given as follows:
Number of new orders = 125 units
Percentage of repeat order = 30%
Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units
Credit price per unit = $11,100
Variable cost per unit = $9,700
Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400
Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000
Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500
Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89
Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89
Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.
What are the current fiscal and monetary policies of the Biden administration
In August 2022, his Inflation Reduction Act became law. Real GDP, salaries, employment, stock market returns, and household net worth all experienced significant increases in Biden's first year in office (2021), but inflation also rose.
The unemployment rate averaged 3.6% in his second year (2022), which was the lowest level since 1969. Compared to President Joe Biden, his administration's GDP growth was by far the highest, increasing by more than 1%. But he also had the third-highest unemployment rate and the highest inflation rate.
On Wednesday, January 20, 2021, Joe Biden was sworn in as the 46th president of the United States, beginning a four-year administration that also included Kamala Harris as vice president.
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By identifying and investing early in a potential future economic star, international firms can ________ and gain experience in that country's business practices. Group of answer choices build brand loyalty build infrastructure begin to stockpile that country's currency learn which government officials need to receive kickbacks
Answer:
build brand loyalty
Explanation:
The companies could develop the brand loyalty via a deep understanding of the customer priorities and their buying behavior also it aligned what they stand. Here the effective brand would create the strong and creative identity that can the customer can related also this identity would remain the same over the time period
Therefore as per the given situation, it is a build brand loyalty
Which of the following states the significance of evaluation in a prospecting plan?
Evaluation makes it easier to track results from using different prospecting methods.
Continuous evaluation can be done to establish a regular daily schedule for conducting prospecting activities.
Evaluation allows salespeople to record comprehensive information about a prospect, trace the prospecting methods used, and chronologically archive outcomes from any contacts with the prospect.
Evaluation helps develop a base of comprehensive knowledge and understanding, and is the key to believing in one's self.
Continuous evaluation should be employed to ensure that a salesperson is meeting prospecting goals and using the most effective prospecting methods.
Evaluation allows salespeople to record comprehensive information about a prospect, trace the prospecting methods used, and chronologically archive outcomes from any contacts with the prospect.
Continuous evaluation should be employed to ensure that a salesperson is meeting prospecting goals and using the most effective prospecting methods. Evaluation plays a significant role in a prospecting plan as it helps track the results obtained from different prospecting methods. By evaluating the outcomes of various approaches, salespeople can identify which methods are most successful in generating leads and converting prospects into customers. This knowledge enables them to focus their efforts on the most effective strategies, improving their overall prospecting efficiency.
Furthermore, continuous evaluation allows salespeople to establish a regular daily schedule for conducting prospecting activities. By monitoring their progress and analyzing the outcomes of their prospecting efforts, salespeople can identify areas that require improvement or adjustment. They can adapt their prospecting methods and optimize their time management to ensure they are consistently working towards their prospecting goals.
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what is the first decision to be made when considering merchandise flow?
The first decision to be made when considering merchandise flow is determining the flow path. Once the flow path has been established, other decisions such as inventory management, order fulfillment, and packaging can be made based on the specific needs and goals of the business.
What decision needs to be made initially when taking merchandise flow into account?This involves deciding on the most efficient and effective way to move merchandise from the point of origin to the point of consumption, while also taking into account factors such as storage space, transportation, handling, and potential bottlenecks in the process.
Throughout its life cycle, merchandise may pass through a number of supply chain nodes, including producers, distributors, warehouses, and retailers, before reaching the consumer.
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organizational culture refers to ________
Organizational culture refers to the proper way to conduct and behave within an organization.
Organizational culture refers to the way of behaving within organizations. The organizational culture involves the common beliefs, expectations, values, and practices established by the concerned authority that guide and direct the actions of employees working in the organization. A positive organizational culture is vital to establishing the characteristics necessary for the success of the organization.
Since positive organizational cultures provide a base for improved performance, there are multiple outcomes associated with them such as raising market shares, improving organizational outcomes, boosting work attitude, making customers more satisfied, and increasing the financial performance of the business.
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To develop the main points for a speech on a question of value, you should ask
a а "How do you know?"
b. "Why is this good or bad?"
С "Why is true?"
d "How is this better than what we have now?"
Answer: B
Explanation:
Which represents the greatest acceleration?
200 m/s
200 cm/s2
0.020 km/s2
0.002 km/s2
Answer:
(3) 0.020km/s²
Explanation:
The option with greatest acceleration is the one with greatest magnitude.
To do this, we have to analyse each if the given options.
1. 200m/s.
This doesn't represent acceleration because acceleration is not measured in m/s. Rather, this option is a measure of velocity..
2. 200 cm/s²
[Convert to m/s²]
= 200 / 100 m/s²
= 2 m/s²
3. 0.020 km/s²
[Convert to m/s²]
= 0.020 * 1000m/s²
= 20m/s²
4. 0.002 km/s²
[Convert to m/s²]
= 0.002 * 1000 m/s²
= 2m/s²
By comparison options 1 through 4, option (3) has the highest magnitude of acceleration.
Hence, 0.020km/s² is the highest acceleration
what does the lras curve imply about the long-run trade-off between inflation and unemployment? explain.
The LRAS (Long-Run Aggregate Supply) curve indicates that there is no long-run trade-off between inflation and unemployment.
The long-run trade-off between inflation and unemployment is represented by the Phillips curve. The curve illustrates the negative relationship between inflation and unemployment. In the short term, it may be possible to reduce unemployment by raising inflation. Conversely, inflation can be reduced by increasing unemployment.
However, the Phillips curve only holds in the short term. The LRAS curve shows that in the long run, there is no trade-off between inflation and unemployment.
In the long term, inflation is determined by the rate of money supply growth. While an increase in the money supply leads to an increase in nominal GDP, it has no effect on real GDP, which is determined by the economy's productive capacity (labor, capital, technology, and natural resources).
This implies that any increase in nominal GDP will be met with an equal increase in the price level in the long run, indicating that there is no trade-off between inflation and unemployment.
In conclusion, the LRAS curve suggests that there is no long-run trade-off between inflation and unemployment. Any short-term improvements in employment will be lost as the economy adjusts to a new equilibrium.
In the long run, the economy's productive capacity determines output, and any increase in nominal GDP will be matched with an equal rise in the price level.
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Why do we say that credit is basically a loan?
steps on how to create your own app
Explanation:
● Steps on how to create your own app
First you have to know coding and programing...
Write any 4 points regarding the nature of target customers, which in the present times has led to the growing importance of ‘Persuasive function of Promotion'? MARKETING
Answer:
A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:
What kind of people we’re looking?Where to find them?What our customers want from our brand, to adapt our value proposition so that our brand is relevant to a specific need or problem?How they compare and choose products to adjust marketing campaigns to make our offering seem the most compelling?Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.
Explanation:
Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.
Differentiate the differences between a Vickrey auction and an
English auction?
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19) the musical instrument played by a music student a. Qualitative-Nominal b. Qualitative-Ordinal c. Quantitative-Discrete-Ratio d. Quantitative-Discrete-Interval e. Quantitative-Continuous-Interval f. Quantitative-Continuous-Ratio
The musical instrument played by a music student can be classified as a. Qualitative-Nominal.
The reason for this classification is that musical instruments do not possess an inherent order or ranking (ordinal) nor can they be measured on a numerical scale (quantitative).
Instead, the choice of instrument is based on qualitative characteristics such as the sound produced, playing technique, or personal preference. Musical instruments fall into different categories (e.g., strings, woodwinds, brass), but these categories do not imply any specific order or magnitude, making it a nominal variable.
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Why are stakeholders important for health care administrators?
Stakeholders are critical to the success of healthcare organizations, and healthcare administrators need to engage with stakeholders to understand their needs, collaborate on initiatives, and ensure accountability and effective resource allocation.
Healthcare administrators have a responsibility to consider the needs and interests of various stakeholders, as their decisions can have a significant impact on these groups. Here are some reasons why stakeholders are important for healthcare administrators:
Accountability: Healthcare administrators have a responsibility to be accountable to stakeholders, including patients, healthcare providers, payers, regulatory agencies, and the community. By considering the needs and interests of these groups, administrators can ensure that they are meeting their obligations and providing high-quality care.
Collaboration: Collaboration with stakeholders is critical for healthcare administrators, as it can help to identify opportunities for improvement and facilitate the development of solutions to complex problems. By working together, stakeholders can ensure that the needs of all parties are considered and addressed.
Resources: Healthcare administrators must consider the financial and other resources available to their organizations. By engaging with stakeholders, they can identify potential sources of funding or support, as well as areas where resources may be most needed.
Reputation: The reputation of a healthcare organization is critical to its success, as it can impact patient and provider satisfaction, as well as community support. By considering the needs and interests of stakeholders, healthcare administrators can build trust and support for their organizations, which can ultimately enhance their reputation and success.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
Which of the following is not one of the results of a tariff?
a. The domestic quantity supplied rises.
b. The domestic quantity demanded falls.
c. The total gains from trade rises.
d. The amount of imports falls.
Option (c) The total gains from trade rise is not the result of a tariff. Hence, the correct option is c.
A tariff is a type of tax that is imposed on imported goods to protect domestic industries from foreign competition. It leads to various economic effects. Out of the given options, the following is not one of the results of a tariff:The total gains from trade rise.
A tariff leads to the following results:The amount of imports falls.The domestic quantity supplied rises.The domestic quantity demanded falls.The price of imported goods rises.The domestic price of the same good falls.Tariff increases the price of foreign goods and decreases their demand. It leads to a reduction in imports, and an increase in the domestic production of similar goods.
The domestic production increases, and hence the domestic quantity supplied also rises.The demand for the same good falls as it is now available at a higher price. Hence, the domestic quantity demanded falls.The domestic price of the same good falls due to increased domestic supply.
However, the price of imported goods rises due to the tariff imposed. Thus, it leads to a shift in demand from foreign goods to domestic goods.
Therefore, option (c) The total gains from trade rise is not the result of a tariff. Hence, the correct option is c.
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Support Material
Business functions
Activity 1:
Study the following scenarios and answer the questions that flow:
1.1 The sales department is constantly running out of stock because stocks are not ordered on time. The admin clerk is new and files the documents in the wrong place. The purchasing department was not even aware that they should order more stock.
1.1.1 Which department created the problem?
1.1.2 What will the consequences be if the sales department constantly runs out of stock?
1.1.3 How can the problem be solved?
1.2 The creditors are not paid on time and added interest to the account of the business.
1.2.1 Which department created the problem?
1.2.2 What will be the consequences if this continues to happen?
1.3 The workers are always complaining of the third grade stock they have to sell to customers.
1.3.1 Which department created the problem?
1.3.2 How can the problem be solved?
1.4 Clients are constantly surprised on the new items they get on the shelves and some of which they have not seen before?
1.4.1 Which department created the problem?
1.4.2 How can this problem be prevented in future?
In the scenario given, the department that was said to have created the problem is the admin department because the document to show that there was low stocks was filled in the wrong place and as such, the purchasing department was not made aware.
1.1. What will the consequences be if the sales department constantly runs out of stock?The consequences are:
They will have issues with customers demanding product and unfulfilled orders.Complains and lastly they will lose customers.How can the problem be solved?There should be a computerized system on all product and their quantities should be included such that when the product is getting low on stock, the system will alert the admin and appropriate steps to new buy product will be taken
1.2. Which department created the problem?Since the creditors were not paid on time, the department that created the problem is also the admin department
What will be the consequences if this continues to happen?They we be close done.They will not have anyone who will sell products to them.1.3.Which department created the problem?The purchasing department created this problem.
How can the problem be solved?The purchasing department need to buy quality Stocks. They can hire a professional who knows the quality so that he or she can help with the purchase.
1.4.
Which department created the problem?The sales department created this problem
How can this problem be prevented in future? The sales department need to use a method that will not surprise the people such that they can be create an ad or place the new product one at a time not all new product at the same time.
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Please only answer if you can help!!
Bobby is building a home for Shyla that under the original contract is to be completed by June 3rd. Shyla found the plans for the home in a publication focusing on unique houses and is excited because it will be the only style of home in this area. Because he underestimated the time needed for special antique framing required for Shyla's house, Bobby tells Shyla that he needs to hire additional workers in order to have the home done by that time and that Shyla needs to pay him an extra $5,000. Shyla says that she will pay the extra $5,000. Bobby finishes the home and asks for his $5,000. Shyla refuses to pay. What will happen if Bobby sues? Which theory of contracts/consideration is applicable and then who will win in this scenario.
Shyla must pay Frank the extra $5,000 because she consented to do so and didn't object to Frank's miscalculation of time when she consented to give him $5,000.
Is an agreement a contract if consent to it was obtained by coercion?When agreement is gained by the exercise of undue influence, the agreement may be revoked at the sole discretion of the individual whose consent was coerced.
What is agreement when it is forced and the outcome of mistake?It is impossible to argue that consent was granted voluntarily if it was obtained under duress, coercion, fraud, misrepresentation, or error. The contract is voidable if there is a mistake in the cause or the factor that led to the mistake.
Is the contract valid when a party's consent is not freely given?When a contract is signed without the parties' express assent, it is deemed voidable. The legislation defines a voidable contract as one that is enforceable by law at the choice of one or more parties, but not at the discretion of the other parties.
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1. Point out which changes are occurring in the business that affect HRM. 2. What are some considerations the company and HR should be aware of when making changes related to this case study? 3. What would the initial steps be to start planning for these changes? 4. What would your role be in implementing these changes?
Answer:
Following are the solution to the given point.
Explanation:
In question 1:
Modifications such as:
Its five workers' benefit in the following 3, months will affect the human system comprises, that is well established and deeply connected with others and historically understanding its company. Other vision becomes unparalleled for business performance. Enable employees of one, 2 years per week to the telephone. Efficiency issues if work is allowed at home. End the actual department to launch the digital division. Rather than recruiting the staff on even a contractual basis as filled workers.In question 2:
facets:
Progressively but not in a moment, we should be aware of implementing changes, since it indirectly encourages employees and can be tormenting. Fewer would be motivated and far less productive. They should be informed of the realistic viability of changes and assess the optimistic feasibility of the proposed changes. They need to take into consideration their employee's collective opinions or take decisions about change into account.In question 3:
Diagnosing your company's existing environment is the very first step following your choice to change your company and to make changes with employees who are starting to alter gradually. To understand the workers' current motivation is an effective way to begin a progressive change process.
In question 4:
My function would be to offer the concept a sense of the impact of such changes on the organization's ecosystem as well as the convenience of the changes to be identified. Provide team members with assignments and identify the change cabin crew to be introduced in a system. Encouragement for change and overall smart agricultural control among workers.
Not showing up to work on time on a regular basis could cause your manager to question your:
Professionalism
fit between your interests and your job
choice of transportation mode
planning skills
I DONT KNOW YET
Answer:
Professionalism.
Explanation:
Professionalism can be defined as an act which typically involves the positive behavior, conduct and attitude that are being exhibited by an employee. Thus, being a professional simply means that the person displays some level of professionalism such as being responsible, punctual, excellent, ethical, respectful, dedicated, dogged etc.
Basically, it is very important and essential for employees to act in a professional manner while performing their job functions or executing various tasks.
Hence, not showing up to work on time on a regular basis could cause your manager to question your professionalism.