As a part of Lean Manufacturing, reducing wait time enables companies to increase customer satisfaction and profits.
True
Lean Manufacturing is a concept found by Toyota Enterprise to eliminate waste and improve the efficiency of manufacturing process. Lean Manufacturing aims to increase the customer statisfaction, decrease costs, and increase profits.
There are 3 objectives of Lean Manufacturing:
Design out MURI (overburden)Design out MURA (inconsistency)Eliminate MUDA (waste)Waste in Lean Manufacturing consist 8 elements, such:
OverproductionWaiting timeTransportationInventoryUnderutilized workerOverprocessingMovementDefective productsBy reducing waiting time, the customers could receive product faster and being more statisfied with our products. At the same time, reducing waiting time also give more opportunity for company to provide more products to more customers, hence increasing the company's profits.
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Nerida Kyle is thinking of buying a car to avoid taking Lyft to work. She is using the cost-benefit principle to evaluate this decision and is calculating the costs and benefits to owning the car over the next year. She's gathered the following information to help her make her decision: • The car costs $15,000 to purchase, but she can resell it after a year of use for $13,500. • She thinks gas will cost her about $1.200 for the year. • The annual insurance premium for her car is $800. • Maintenance and repairs will cost about $300 for the year. • Using Lyft to get to work would cost her $4,000 for the year. The cost of the car for the year is: O $4,000 $1,500. $3,800. $7,800
The cost of the car for the year is $7,800. To calculate the cost of the car for the year, Nerida needs to add up all the costs she will incur over the course of the year, including the purchase price, gas, insurance, maintenance and repairs.
Purchase price: $15,000
Gas: $1,200
Insurance: $800
Maintenance and repairs: $300
So, the total cost of the car for the year is $15,000 + $1,200 + $800 + $300 = $17,300.
However, she can resell the car after a year of use for $13,500, so the cost of the car for the year is $17,300 - $13,500 = $3,800.
This cost will be compared to the cost of using Lyft to get to work, which is $4,000, to determine if buying a car is the better option.
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Jashan was recently hospitalized for severe poisoning as a result of
some medications that he had been taking. When the hospital began
treating Jashan they discovered two partially digested capsules of
"acetaminophen" which is a headache relieving drug. Only two companies
sell acetaminophen in BC, and Jashan had taken one pill from each
company: Metro Pharma Inc. and Bond Drugs Co. While acetaminophen is
generally fine, both of Jashan's pills had been negligently manufactured
and included a toxic substance called "Seinolip". While not always the
case, Seinolip has been known to cause allergic reactions in 25%
of individuals who ingest it. When Jashan took the tainted pills one of
them caused a severe allergic reaction which led to his
hospitalization. Unfortunately, even after significant testing, it was
not possible to determine which capsule caused the allergic reaction.
Despite that, Jashan has been hospitalized for over a month and knows a
pill caused the harm. Jashan wants to sue Metro Pharma Inc. for
negligence because the company is valued at over one billion dollars.
Metro Pharma Inc. claims that they were not negligent. Assume Jashan
sued for negligence and the court has already found a duty of care and
breach of that duty. Did Metro cause the loss suffered by Jashan?
Explain using the legal tesťfor this specific element of negligence. (6
marks)
Based on the legal test for causation in a negligence case, Metro Pharma Inc. could be found liable for causing the harm suffered by Jashan.
Metro Pharma Inc. may be held liable for causing the loss suffered by Jashan. In order to determine if Metro Pharma Inc. caused the harm, we need to apply the legal test for causation in a negligence case. The test for causation in negligence requires the plaintiff to prove that the defendant's negligence was a substantial factor in causing the harm suffered. In this case, Jashan took one pill from each company, Metro Pharma Inc. and Bond Drugs Co., and one of them caused the severe allergic reaction that led to his hospitalization.
Since it was not possible to determine which specific capsule caused the allergic reaction, the court may apply the "but-for" test. This test asks whether the harm suffered by Jashan would have occurred "but for" the defendant's negligence. Considering that Jashan took one pill from each company and both pills were negligently manufactured with the toxic substance, it can be argued that Metro Pharma Inc.'s capsule was a substantial factor in causing the harm suffered by Jashan. Therefore, Metro Pharma Inc. may be held responsible for the loss suffered by Jashan.
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A car dealership performs a credit check on a potential customer. according to the credit bureau, the customer's credit score is 710. this is an example of
Answer:
Interval data
Explanation:
A credit bureau score is obtained when a company is about to give out a loan. It shows wether a person is likely to default on a loan based on historical borrowing behaviour.
When a score is between 580 to 669 means the scores are fair, 670 to 739 is a good score, while 740 to 799 is very good.
This way of scoring occurs in in a scale that occurs at equal intervals or units.
The scores are expressed as numerical value between points that are standardised and equal.
This is called interval data
suppose a perfectly competitive firm can produce 20,000 bushels of corn a year at an output at which marginal cost equals marginal revenue. the market price of corn per bushel is $1.00. the firm's total costs per year are $50,000 and fixed costs per year are $25,000. this firm should
The firm should continue producing in the short term, but it will suffer losses that won't pay its fixed expenses since it is generating enough income to meet its variable costs.
In the long term marginal revenue of the company could have to decide whether to leave the sector or change how its products are made to cut costs. The company's overall income ($20,000) is below its total costs ($45,000), indicating that it is not making enough money to pay for all of its expenses.
Let's first determine the output level at which MC and MR are equal:
We may assign them equal to one another since the company is operating at the output level where MC and MR are equal:
MC = MR
$1.00 = MC
$1.00 = AVC (in the short run, the firm should produce if P >= AVC)
The total revenue (TR) that the firm earns from producing 20,000 bushels of corn:
TR = Price x Quantity
TR = $1.00/bushel x 20,000 bushels
TR = $20,000
Variable costs (TVC) that the firm incurs:
TVC = MC x Quantity
TVC = $1.00/bushel x 20,000 bushels
TVC = $20,000
we need to compare its total revenue to its total costs, which include both variable costs and fixed costs:
Total costs = Total variable costs + Fixed costs
Total costs = $20,000 + $25,000
Total costs = $45,000
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Siltronic produces silica from sand and gravel at four different mines; however, the sand and gravel extracted at each mine are different in their silica content. Mine 1 produces golden sand and gravel , which has a 70% silica content; mine 2 produces white ore, which has a 60% silica content; mine 3 produces gray ore, which has a 50% silica content; and mine 4 produces brown ore, which has only a 30% silica content. Siltronic has three customers that produce computer chips—Intel, AMD, and Apple. Intel needs 400 tons of pure (100%) silica, AMD requires 250 tons of pure silica, and Apple requires 290 tons. It costs $37 to extract and process 1 ton of golden sand and gravel at mine 1, $46 to produce 1 ton of white sand and gravel at mine 2, $50 per ton of gray sand and gravel at mine 3, and $42 per ton of brown sand and gravel at mine 4. Siltronic can extract 350 tons of sand and gravel at mine 1, 530 tons at mine 2, 610 tons at mine 3, and 490 tons at mine 4. The company wants to know how much sand and gravel to produce at each mine in order to minimize cost and meet its customers’ demand for pure (100%) silica. Formulate a linear programming model for this problem. (Hint: The decision variables will have two indices, such as x11, x12, etc. and there will be some equality constraints.)
a) Solve the linear programming model by using the computer.
b) Do any of the mines have slack capacity? If yes, which one(s)?
c) If Siltronic could increase production capacity at any one of its mines, which should it be? Why?
d) If Siltronic decided to increase capacity at the mine identified in (b), how much could it increase capacity before the optimal solution point (i.e., the optimal set of variables) would change?
e) If Siltronic determined that it could increase production capacity at mine 1 from 350 tons to 500 tons, at an increase in production costs to $43 per ton, should it do so?
A higher shadow price indicates a higher potential reduction in the total cost if the production capacity is increased.
a) To formulate the linear programming model, let's define the decision variables and constraints:
Decision Variables:
Let xij represent the tons of sand and gravel produced at mine i, where i = 1, 2, 3, 4, and j represents the type of ore.
Objective Function:
Minimize the total cost:
Minimize Z = 37x11 + 46x12 + 50x13 + 42x14 + 46x21 + 46x22 + 50x23 + 42x24 + 50x31 + 50x32 + 50x33 + 42x34
Subject to:
- The silica content constraint for each customer:
x11 + x12 + x13 + x14 = 400 (Intel)
x21 + x22 + x23 + x24 = 250 (AMD)
x31 + x32 + x33 + x34 = 290 (Apple)
- The sand and gravel availability constraint for each mine:
x11 + x21 + x31 ≤ 350 (Mine 1)
x12 + x22 + x32 ≤ 530 (Mine 2)
x13 + x23 + x33 ≤ 610 (Mine 3)
x14 + x24 + x34 ≤ 490 (Mine 4)
- Non-negativity constraint:
xij ≥ 0 for all i and j
b) To determine if any mines have slack capacity, we need to compare the production capacity (tons available) with the production used in the optimal solution.
The optimal solution will provide values for xij. By comparing the values of xij with the production capacity constraints, we can identify any slack capacity.
c) To determine which mine to increase production capacity, we need to evaluate the shadow prices (dual values) associated with the production capacity constraints. The mine with the highest positive shadow price indicates the potential benefit of increasing its capacity. A higher shadow price indicates a higher potential reduction in the total cost if the production capacity is increased.
d) To determine how much capacity can be increased before the optimal solution changes, you can perform sensitivity analysis or shadow price analysis. By gradually increasing the production capacity for the identified mine and observing the change in the shadow prices, you can determine the threshold at which the optimal solution changes.
e) To evaluate if increasing production capacity at mine 1 from 350 tons to 500 tons at a cost of $43 per ton is beneficial, you can modify the linear programming model with the new capacity and cost values. Then, solve the modified model and compare the total cost with the previous optimal solution. If the total cost decreases or remains the same, it would be beneficial to increase production capacity at mine 1.
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A(n) _____ strategy arises out of the combination of high pressure for local responsiveness and high pressure for cost reductions.
A "transnational" strategy arises out of the combination of high pressure for local responsiveness and high pressure for cost reductions.
This approach aims to achieve global efficiency by integrating operations across different countries while also being responsive to local market needs. It involves striking a balance between standardizing certain elements to achieve cost savings and adapting others to cater to local preferences and conditions.
Transnational companies often invest in global research and development, have a centralized decision-making process, and emphasize knowledge sharing and coordination among their subsidiaries
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heavy dependence on ______ taxes makes for an income-elastic tax structure.
Heavy dependence on certain types of taxes, such as income or sales taxes, can lead to an income-elastic tax structure.
This means that the government's revenue from these taxes is highly sensitive to changes in economic conditions. For example, during an economic downturn, people may earn less income or spend less money, which would result in a decrease in revenue from income or sales taxes. On the other hand, during a booming economy, people may earn more income or spend more money, leading to an increase in revenue from these taxes.
This heavy dependence on certain types of taxes can pose a challenge for governments, as they must ensure a stable source of revenue to fund public services and programs. It may be necessary to diversify the tax base and explore other sources of revenue, such as property or excise taxes, to mitigate the risk of fluctuations in revenue from income or sales taxes.
Overall, heavy dependence on certain types of taxes can make the tax structure more vulnerable to economic changes. Governments must carefully consider the potential risks and benefits of different tax policies to maintain a stable and sustainable source of revenue.
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During an expansionary phase of the business cycle the government could implement a contractionary fiscal policy in order to -
Answer: Address any inflation issues
Explanation: :D
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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True or false? Product/market fit automatically results in high-volume sales.
Answer:
It is True
Explanation:
Defining product-market fit
"Product-market fit," writes startup coach and investor Marc Andreessen, "means being in a good market with a product that can satisfy that market." When an entrepreneur identifies a need in the market and builds a solution that customers want to buy, that's product-market fit.
Product/market fit automatically results in high-volume sales, is the true statement.
What is a Product/market fit?"Product-market fit" is defined by startup advisor and investor Marc Andreessen as existing in a healthy market with a product that can satisfy that market's needs. When an entrepreneur recognizes a market gap and creates a product that customers want to buy, product-market fit has occurred.
It shows that people are willing to pay a price for your goods and that it has a significant enough market or audience. Take the case where you want to create a smartphone app that allows for free video conference communication. If it doesn't fit, nothing fits.
Strategic fit describes how well a company is matching its assets and capabilities to opportunities in the external environment.
Thus, it is a true statement.
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Drew recently received a promotion at his job, increasing his income from $940 per week to $1,060 per week. As a result, he decides to purchase 9 percent more Kobe steaks per week. Computed using the midpoint method, his income elasticity for Kobe steaks is and Kobe steaks are a(i) good. - −0.71; inferior 0.75; normal 0.71; normal −0.75; inferior Question 6 Suppose that the cross-price elasticity of demand between orange juice and lemonade is 0.7. This implies that the two goods are:
The cross-price elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. In this case, if the cross-price elasticity of demand between orange juice and lemonade is 0.7, it implies that the two goods are substitutes.
A positive cross-price elasticity indicates that the goods are substitutes, meaning that an increase in the price of one good leads to an increase in the quantity demanded of the other. In this scenario, if the price of orange juice increases, the quantity demanded of lemonade would also increase. The magnitude of 0.7 indicates the strength of the substitution effect.
It suggests that for every 1% increase in the price of orange juice, the quantity demanded of lemonade will increase by 0.7%. This suggests that consumers view orange juice and lemonade as similar products and are willing to switch between them based on price changes.
Therefore, based on the positive cross-price elasticity of 0.7, we can conclude that orange juice and lemonade are substitutes, indicating that consumers consider these two goods as alternatives to each other.
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If a security's realized return is negative, it must have been true that the expected return was greater than the required return.true or false
The needed rate of return for a security will be lower than its expected rate of return at equilibrium. It must be true that the expected return was higher than the needed return if a security's realized return is negative.
The period of the security is shortened in direct proportion to the interest rate. the bond's cash flows' weighted average time to maturity. A assessment of a bond's interest rate risk called duration takes into account the maturity, yield, coupon, and call features of the bond. The sum of all these variables is used to determine how sensitive the value of a bond might be to changes in interest rates. The rate of return is determined by adding the dividend rate of return and the price change rate of return.
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Warner Company’s year-end unadjusted trial balance shows accounts receivable of $116,000, allowance for doubtful accounts of $770 (credit), and sales of $450,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles
On December 31, Warner Company must make an adjusting entry to account for uncollectibles.
Prepare the December 31 year-end adjusting entry for uncollectibles?Debit Allowance for Doubtful Accounts for $4,500Credit Accounts Receivable for $4,500On December 31, Warner Company must make an adjusting entry to account for uncollectibles.Uncollectibles are estimated to be 1% of sales, or $4,500 ($450,000 x 0.01). The adjusting entry would be to debit Uncollectible Accounts Expense for $4,500 and credit Allowance for Doubtful Accounts for $4,500.This will increase Uncollectible Accounts Expense and reduce Allowance for Doubtful Accounts, thus decreasing Accounts Receivable by the same amount.After making this adjusting entry, the Accounts Receivable balance would be $111,500 ($116,000 - $4,500), the Allowance for Doubtful Accounts balance would be $4,270 ($770 + $4,500), and the Uncollectible Accounts Expense balance would be $4,500.To learn more about Debit Allowance for Doubtful Accounts refer to:
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Nike becomes very unpopular. What happens to demand for Reebok?
A. The D-curve shifts to the right
B. The D-curve shifts to the left
C. The D-curve doesn't shift. QD increases
D. The D-curve doesn't shift QD decreases
Answer:
A. The D-curve shifts to the right
Explanation:
Nike and Reebok are supplement goods. It means customers can use either of two brands of shoes with almost equal satisfaction. A change of preferences by customers will influence the demand for supplement goods.
If Nike becomes unpopular, the demand for Reebok will increase. Because the increase in demand is not due to price changes, the demand curve will shift to the right. A shift in the demand curve means that the quantity demanded increases at all prices.
A bookstore costs $90 a day to keep open, and spends $12 for each book it sells. The store charges $18 for each book it sells. If n represents the number of books sold, which equation represents the cost function for this bookstore?
O A. C = 90n + 15
O B. C = 12n + 90
O C. C = 18n + 90
O D. C = 90n + 12
Answer:
The correct answer is B just got it right on ape
Explanation:
Which of the following characteristics of a professional business letter distinguishes it from a personal business letter?
Characteristics of a professional business letter distinguish it from a personal business letter is many professional business letters are printed on letterhead". Option (D) is correct.
What is Business letter?A business letter is a communication between two businesses, or between businesses and their clients, consumers, or other outside parties. The relationship between the parties affects the letter's overall style.
Formal letters address someone professionally, whereas informal letters do so in a more personal manner. This is the major distinction between formal and informal letters. In addition, professional letters must adhere to a particular format, whereas casual letters can use any format.
Therefore, Option (D) is correct.
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Your question is incomplete, the complete question is;
which of the following characteristics of a professional business letter distinguishes it from a personal business letter? a. professional business letters come from individuals writing on their own behalf. b. many personal business letters are printed on letterhead. c. personal business letters come from individuals representing a company. d. many professional business letters are printed on letterhead.
1. Describe the features available through online banking.
2. Discuss the advantages of doing your banking online,
3. Discuss the disadvantages of doing your banking online.
4. What is identity theft and how does it connect to online banking?
5. What measures can you employ to make your online banking safe and efficient?
6. What types of services do you see in the future for online banking?
7. Describe the purpose of the Electronic Funds Transfer Act.
8. How can banks be competitive in the features offered through online banking?
Answer:
wait can i ask somebody to help you
Explanation:
What term is used to describe the process of eliminating a dimension of a data cube, such as might be done when summarzing product sales by quarter into total annual sales?.
The term that used to describe the process of eliminating a dimension of a data cube, such as might be done when summarizing product sales by quarter into total annual sales is data reduction.
Data reduction can be described as a process of reducing the amount of capacity required to store data. Data reduction can reduce costs and increase storage efficiency. Storage vendors will often describe storage capacity in terms of effective capacity and raw capacity, which refers to data after the reduction. here are at least four types of Non-Parametric data reduction techniques, such as:
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Financial accounting provides a historical perspective, whereas management accounting emphasizes ________.
a. a current perspective
b. past transactions
c. the future
d. reports to shareholders
Financial accounting provides a historical perspective, whereas management accounting emphasizes (A) the current perspective.
What is management accounting?Management accounting can be defined as the provision of financial and non-financial decision-making information to managers. In other words, management accounting aids directors in making decisions within an organization. This is also referred to as cost accounting. This is the method for distinguishing, examining, deciphering, and communicating data to managers in order to help them achieve business objectives. The information gathered includes all accounting fields that educate the administration on business tasks associated with the organization's financial expenses and decisions. Accountants use plans to assess the overall strategy of an organization's operations. Management accounting focuses on the present.Therefore, financial accounting provides a historical perspective, whereas management accounting emphasizes (A) the current perspective.
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Due to the presence of unanticipated inflation, use the
relationship between inflation,
nominal and real income and interest rate to highlight the winners
and losers in the labour
and financial market
Due to the presence of unanticipated inflation, the relationship between inflation, nominal and real income, and interest rates can highlight the winners and losers in the labor and financial markets. Inflation causes the overall price level to rise, which reduces the purchasing power of money.
This impacts real income, which is the income adjusted for inflation, and nominal income, which is the income not adjusted for inflation.
Winners in the labor market are typically those who can negotiate higher nominal wages that outpace inflation, leading to an increase in their real income. Losers in the labor market are those who cannot secure higher nominal wages, resulting in a decrease in their real income due to inflation eroding their purchasing power.
In the financial market, borrowers who have fixed-interest rate loans can be winners during unanticipated inflation, as the real interest rate (nominal interest rate minus inflation rate) decreases. This effectively reduces their borrowing costs.
On the other hand, lenders and investors with fixed interest rate assets, like bonds, become losers as their real interest rate decreases, lowering their returns.
In summary, unanticipated inflation can create winners and losers in the labor and financial markets. Those who can secure higher nominal wages or have fixed interest rate loans may benefit, while those who cannot increase their wages or have fixed interest rate assets may suffer.
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What is the total of Amala’s liabilities? $850 $2,500 $3,350 $5,550.
Answer: The answer is $3,350
Explanation:
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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What is a mutual fund
Answer: A mutal fund is a professionally managed investment fund that pools money from many investors to purchase securities. the term is typically used in the United States, Canada, and India while simular structures across the globe include the SICAV in Europe and open-ended investment company in the UK.
Explanation:
if a company has a healthy current ratio but a significantly lower quick ratio, then you can assume that:
If a company has a healthy current ratio but a significantly lower quick ratio, then you can assume that more than half of sales are attributable to cost of goods sold.
What would happen if quick ratio was lower than current ratio?When a company's quick ratio is much less than its current ratio, it indicates a high reliance on inventory and maybe a severe shortage of other liquid assets. According to the quick ratio, a company's liquid assets must be worth a certain dollar amount in order to pay its current liabilities in full.
What occurs when a business' quick ratio is low?If a company's quick ratio is less than 1, it suggests it lacks sufficient fast assets to cover all of its immediate liabilities. Business may be challenging to raise the money necessary to pay its creditors if it experiences an interruption.
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Suppose that the price of a sedan decreased from $20,000 to $15,000. This would cause amovement along the demand curve.
Which of the following contracts did your professor state he has an ethical issue with in relation to its use in business, especially new employees?
a. non-compete agreement
b. non-disclosure agreement
c. non-use agreement
d. non-solicitation agreement
e. work-for-hire agreement
f. confidentiality agreement
g. third-party agreement
Non-compete agreements (a) are often seen as ethically problematic, as they can restrict the professional opportunities and career growth of new employees.
One contract that often raises ethical concerns in relation to its use with new employees is the "non-compete agreement" (option a). Non-compete agreements typically restrict employees from working for or starting a competing business for a certain period of time after leaving their current employer. Some ethical concerns related to non-compete agreements include potential limitations on an individual's professional opportunities and the potential for suppressing competition in the job market.
It's worth noting that ethical perspectives on contracts can vary, and different individuals may have different viewpoints on the specific contracts listed. Additionally, the ethical concerns associated with contracts can depend on various factors, such as the scope and duration of the agreements, the industry norms, and the specific context in which they are used.
Therefore, based on common discussions and concerns, option a, the "non-compete agreement," is often seen as having ethical issues when used with new employees in certain contexts.
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a customer's overall assessment of his or her interaction throughout the entire process of finding, buying, and using a product is known as .
A customer's overall assessment of his or her interaction throughout the entire process of finding, buying, and using a product is known as customer experience (CX).
Who's a client?In deals, commerce, and economics, a client( occasionally known as a customer, buyer, or purchaser) is the philanthropist of a good, service, product or an idea- attained from a dealer, seller, or supplier via a fiscal sale or exchange for plutocrat or some other precious consideration.What's client service?Client service is the provision of service to guests before, during, and after a purchase. This makes it an important part of the value chain of guests. Each assiduity requires different situations of client service, but in the end, the idea of a well- performed service is that of adding earnings.Learn more about customer here:
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With regard to business definition, railroads may have lost business because they:
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
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What modern forms of communication have begun to replace talking on the telephone for 21st century managers? (choose every correct answer.)
Modern forms of communication include sending emails, texts, and posting on social media. For managers and even business owners in the 21st century, using these forms has begun to gradually replace talking on telephone.
Although face-to-face communication takes up 60% of a manager's workday on average, 40% of that time can be devoted to participating in more modern forms of communication. These days, e-business is everywhere. A manager using the Internet for all aspects of bookkeeping is an example of it.
Companies seek top managers who are energetic, have the ability to inspire and engage others, and can communicate effectively in person or virtually.
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Sarah has an idea for a new electric tooth brush which she hopes to sell in the United States only. The tooth brush will be novel in its function. Sarah should protect the function of her invention with a
-Utility patent
- Design patent
- Provisional patent
- Plant patent
Sarah has an idea for a new electric tooth brush which she hopes to sell in the United States only. The tooth brush will be novel in its function. Sarah should protect the function of her invention with a Utility patent.
A utility patent is a type of patent that protects the development of a novel or enhanced useful machine, technique, or product. A utility patent prevents others from producing, using, or commercializing the innovation without permission. Most people usually mean a utility patent when they talk about patents.
A product with a utility patent may also apply for a design patent, which preserves its distinctive visual components and simply calls for drawings of a design and brief text. Design patents are independent and are valid for 14 to 15 years after the date of filing. The innovation must be functional and perform some function in order to qualify for both a utility patent and a design patent. It cannot merely be for show.
Therefore, option A is the correct answer.
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