According to the given information, Wilma's alternative minimum taxable income is $152,000.
Total alternative minimum taxable income = Regular taxable income +
State tax income + Exemptions
There are no exemption claims in this question.
Regular taxable income =$150,000 and State tax income = $2,000
So, Wilma's alternative minimum taxable income = $150,000 + $2,000
= $152,000
Taxable income is the portion of your gross income that is used to determine your tax liability for a specific tax year. In general, it may be defined as adjusted gross income (AGI) less permitted standard or itemized deductions. Along with investment income and numerous unearned income streams, taxable income includes wages, salaries, bonuses, and tips.Earned income and unearned income both qualify as taxable income. Taxable unearned income includes forgiven debts, government benefits (such unemployment and disability payments), strike benefits, and lottery winnings. Taxable income also includes dividend and interest income, as well as revenues from the sale of valued assets during the year.Learn more about Taxable income, here
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frequent deposits and checks in rounded and the same amounts, short time lags between deposits and withdrawals, and a low average balance compared to high levels of deposits, are all characteristic signs of a(n)
The above mentioned are all characteristic signs of Check kiting.
Check kiting or cheque kiting is a shape of check fraud, involving taking advantage of the go with the flow to utilize non-existent finances in a checking or different financial institution account. on this way, in place of being used as a negotiable device, checks are misused as a form of unauthorized credit.
Additionally known as flagging, check kiting is a shape of check fraud. It makes use of waft (the time it takes for a take a look at to clear) to make use of non-existent money in a bank account. In essence, kiting turns horrific assessments into a form of unauthorized credit score, and that's horrific information for banks.
Take a look at kiting, fraud dedicated in opposition to a banking organization wherein get admission to is won to deposited price range in a single account earlier than they can be gathered from another account upon which they're drawn. The scheme typically entails numerous checking debts at several distinctive banks.
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What term refers to business organizations formed to control the supply of goods and services in an effort to drive up prices and profits?
A. mergers
B. bankruptcies
c. cartels
D. tariffs
When a business organization is formed to be able to control supply such that they can drive up prices and profits, this is called a C. Cartel.
What are cartels?Cartels refer to a business organizations which are a conglomeration of different organizations that are influential in an industry. By coming together and pooling operations, these organizations are able to influence the prices of goods and services.
This is simply because they control the flow of goods and services. And by controlling this supply, they decide the price. They could then drive up these prices to make more profit.
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suppose a resource has setup times and a setup time must be incurred each time the resource switches production to a different product. requiring the resource to make a new product (that requires its own setup) is likely to have what effect on the process?
Although the process must now carry an inventory of the new product, the inventory for the existing goods stays unchanged. It is expected that inventories of all products will rise.
Work in the process, also referred to as products-in-process, is the process through which raw materials are converted into finished commodities. JIT manufacturing is a production strategy in which products are produced only as needed rather than in excess or before demand. JIT is a strategy that businesses use to boost productivity, cut costs, and accelerate product delivery.
This enables your management to concentrate on streamlining procedures and creating top-notch products. Less defective, higher-quality items increase customer satisfaction and cut down on waste.
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which of the following statements regarding the flow of information from the adjusted trial balance on the end-of-period spreadsheet is true? a.the revenue and expense account balances flow into the statement of owner's equity. b.the asset and liability account balances flow into the statement of owner's equity. c.the revenue and expense account balances flow into the income statement. d.the owner's equity and drawing account balances flow into the balance sheet.
True statements regarding the flow of information from the adjusted trial balance are that the revenue and expense account balances flow into the income statement.
An adjusted trial balance is produced after any adjustments, and it displays the balances of the general ledger accounts. These adjustments frequently include depreciation, prepaid charges, accruing costs, and other non-cash expenditures.
The transactions a business makes throughout a single accounting cycle are recorded on an adjusted trial balance sheet. This can be done by collecting the balances of each account and eliminating information about transactions that didn't happen during the accounting cycle.
Despite the fact that the adjusted account balances will be included in the financial statements, the adjusted trial balance is not a financial statement. Both the adjusted trial balance and the unadjusted trial balance must have total debit balances that are equal to the total credit balances.
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suppose you buy a share of stock at a price of $100 and a year later it is worth $125. suppose further that the rate of inflation for the year is 10%. if you are subject to a 15% capital gains tax, how much larger is your tax burden than it would be if you were required to pay taxes only on your real return?
The total tax burden required to pay taxes only on your real return is $3.75.
What is tax burden?In economics, the impact of a specific tax on the distribution of economic wellbeing is known as tax incidence or tax burden. Economists make a distinction between the entities that end up paying taxes and those that are first taxed. The difference between real earnings or utility costs before and after imposing the tax, accounting for how the tax affects prices, serves as a measure of the tax burden, which represents the tax's actual economic weight. The majority of the burden falls on consumers, not sellers, in the case of a 10% tax imposed on butter sellers but an 8% increase in market price as a result. The tax incidence should, in general, not go against the ideals of a just tax system, especially justice.
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the relationship of specific procurement actions to the corporate strategy is the group of answer choices a. project procurement strategy b. corporate procurement strategy c. corporate culture d. none of the above
Corporate procurement strategy is the way in which specific procurement actions relate to the overall corporate strategy.
What is a procurement strategy ?The phrase "procurement" in business refers to the process of acquiring or buying significant quantities of goods or services. How a company should handle its purchase process is described in a procurement strategy. This gives a comprehensive overview of all the procurement process steps and serves as a guide for how a company should carry out its procurement activity.
A framework for a procurement strategy aids firms in selecting suppliers, goods or services, as well as the techniques and protocols they will employ while interacting with vendors.
An efficient procurement strategy must include:
a strategy statement, which outlines the goals of your strategy, intended results, a timetable, deadlines you must fulfill, a tactical plan, which details how your strategy will be put into action, and key performance indicators These are business metrics used to gauge the effectiveness of the procurement process.
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ashburn company issued 16-year bonds two years ago at a coupon rate of 8.5 percent. the bonds make semiannual payments. if these bonds currently sell for 109 percent of par value, what is the ytm?
Ashburn company issued 16-year bonds two years ago at a coupon rate of 8.5 percent. the bonds make semiannual payments. the YTM is 7.44%
What is the YTM?Generally, the given parameters are
Future value = 100
present value = 109
Coupon,= 0.085 * 100
Coupon,= 8.5
Maturity 14 years
Therefore
YTM = [C + (FV-PV)/n] / (FV+PV)/2
Where
Future value is FV
present value PV
[tex]YTM= [8.5 + (100 - 109)/14] / (100+109)/2[/tex]
YTM = 0.0744
In conclusion, the YTM is 7.44%
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almost all of the theories regarding the proper role of government suggest that it should provide such as national defense. one of the most important tools the government can use to stabilize the economy is . a.) public goods; spending b.) income redistribution; spending c.) public goods; gdp growth d.) income redistribution; gdp growth
Theories regarding the proper role of government suggest that it should provide option a.) public goods such as national defense. One of the most important tools the government can use to stabilize the economy is option a.) spending.
A public good is any service or commodity available to citizens and administered by the government of that country. The government pays for the public good by taxation.
Public goods are available to all members of the country. It is often free due to public taxation. Defense is one example of public good where the security of the nation is a collective benefit to all the citizens.
Spending is an important tool for the government to stabilize the economy. Government can increase spending to generate demand for goods and services. It will create a rise-up trend in the economy if the economy is facing inflation. Government can also cut spending to cool down the inflation in the economy.
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carolyn has an agi of $38,300 (all from earned income) and two qualifying children and is filing as a head of household. what amount of earned income credit is she entitled to?
Based on Carolyn's AGI, her filing as head of household, and her two qualifying children, the amount of earned income credit that she can get is $1,833.
How to find the earned income credit?The earned income credit that a person is entitled to can be found by the formula:
= Credit - Credit phase out over $19,030
The Credit can be calculated by the formula:
= Credit percentage x Maximum earned income eligible for credit for 2 qualifying income
= 40% x 14,570
= $5,828
The Credit phase out over $19,030 is:
= 21.06% x (AGI - $19,030)
= 21.06 x (38,300 - 19,030)
= $3,955
The earned income credit is:
= 5,828 - 3,955
= $1,833
In conclusion, the amount in earned income credit that Carolyn would is entitled to based on her AGI and her number of qualifying children is $1,833.
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if the dollar appreciates relative to foreign currencies, we would expect: group of answer choices a country's net exports to rise. a country's exports and imports to both fall. a country's net exports to fall. the multiplier to decrease.
if the dollar appreciates relative to foreign currencies, we would expect: a country's net exports to fall.
A foreign currency is a currency used as a means of exchange recognized in a foreign country. This particular currency is the only form of exchange that each government allows to be bought or sold within its borders.
The foreign exchange market is a market in which foreign currencies such as yen, euros and pounds are traded against domestic currencies such as the US dollar.
To facilitate the exchange of money between different countries. You can find countries with excess liquidity and those in need of liquidity. To finance international trade, whose trading constitutes an important part of the foreign exchange market.
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physical capital includes: question 31 options: a) manufactured products that are used to produce other goods and services. b) land and raw resources that come from land. c) the physical talents of people. d) the ability to take physical resources and use them in creative ways to produce goods and services.
Physical capital includes land and raw resources that come from land.
What is physical capital?Physical capital is one of the three primary factors of production in economics. Physical capital is the machinery that is used to generate commodities and services. Physical capital refers to the concrete things that people have produced to help and support manufacturing. Physical capital comprises items like inventory, cash, equipment, and real estate. Capital goods are among the most crucial elements of a corporation's operation. A firm can typically maintain liquidity while growing operations with capital, which refers to tangible assets in a corporation and the method through which a company acquired its physical capital. When considering how firms have raised money, it is important to consider both physical capital and human capital.
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Which does not increase the price of certain goods? question 7 options: tariffs sales taxes excise taxes property taxes
Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
Does a tax on excise boost the supply?One of the six factors that determine supply is excise taxes. The supply curve is shifted to the left, reducing supply and raising the equilibrium price. As the vertical distance between the two curves approaches the tax amount, the supply curve will slant.
In the near term, an excise tax raises the cost of the good, albeit not by the whole amount of the tax, and both the producers and the consumers bear the cost burden. The elasticity of supply and demand for the product determines the exact impact.
A regulated tax on particular commodities or services, including alcohol, cigarettes, and gasoline, is known as an excise tax. Instead of being levied internationally across national borders, excise taxes are national taxes imposed within a government infrastructure.
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describe the type of international monetary system that is currently in use. what advantages do proponents of this type of system cite in support of its use? what disadvantages do its opponents cite?
A controlled flexible exchange rate system, also known as a managed float, is the term used to describe the current international monetary system. The forces of supply and demand for the different currencies determine the exchange rates in this flexible system.
What is monetary system?
A monetary system is a group of laws, guidelines, and organisations that the government uses to produce money for an economy. The mint, the central bank, the treasury, as well as other financial institutions are examples of such organisations. Commodity money, money based on commodities, and fiat money are the three most common types of monetary systems.
The Three Monetary System Types:
Communal Currency:
This is composed of valuable commodities, such as precious metals.
Money based on commodities:
This derives value from the a commodity but does not require routine handling of the commodity.
Fiat Currency:
In this monetary system, the money is declared to be legal tender, meaning that the government backs its intrinsic value.
Nations do, however, occasionally enter this same foreign exchange market to start changing exchange rates. The managed flexible exchange rate system's proponents contend that it permits countries to pursue their own monetary policies, that it resolves trade issues without trade restrictions, and that it is flexible enough to allow for simple shock adjustment. Opponents of this kind of system contend that it encourages inflation, increases exchange rate uncertainty and volatility and corrects trade deficits years after a currency depreciation.
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reengineering's goals include all of the following except: question 5 options: increasing productivity optimizing value to shareholders achieving quantum results expanding functions eliminating unnecessary levels and work
Reengineering's goals include all of the following except expanding functions.
What is expanding function?Equations in mathematics have a connection to expanding functions. A function is expanded into a series, or infinite sum, via a series expansion. It is a technique for computing a function that cannot be represented using only basic operators (addition, subtraction, multiplication, and division).
The resulting "series" is frequently capable of being approximated by limiting its terms to a finite set. The approximation will be easier to understand if fewer terms from the sequence are utilized. Often, an equation using Big O notation may be used to explain the resultant error (i.e., the partial sum of the missed terms). Additionally, an approximation for non-analytic functions will be made using the series expansion on an open interval.
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a customer that owes your company $6,000 for goods purchased has gone bankrupt. what journal entry should your company make to write-off this receivable?
A specific customer's account journal entry should your company make to write-off this receivable.
What is a journal ?A journal is a detailed account that records all financial transactions of a company and is used to reconcile customer's accounts in the future and to transfer information to other formal accounting records such as the general ledger. There are seven different types of journal: Purchases, Purchase Returns, Cash Receipts, Cash Returns, Sales, Sales Returns, and General.Journal Writing allows customer's to write down your experiences and thoughts and use them to identify your goals and goals for the future. Also, writing down customer's daily experiences can help you identify different mistakes you've made and choices that haven't worked for you.Unlike other books that have original entries such as subledgers or cash books, journals do not facilitate internal management because they record transactions only in chronological order.To learn more about journal from the given link :
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By providing passengers an upfront pricing quote for a ride, then actually charging that price for the ride, lyft is using which promotional strategy?.
As opposed to other drivers, priority mode will let you accept ride requests first. This shortens the time between rides, allowing you to earn more money overall, according to Lyft.
What is LYFT's marketing strategy?Lyft's marketing approach relies on a variety of communication channels, from direct emails and social media interaction to national broadcast commercials. Positive word-of-mouth among the current Lyft rider group helps Lyft as well.
The cost of a Lyft ride depends on the route and nature of the journey, as well as on-demand and availability. The cost of a ride will probably be greater than usual if numerous passengers in your neighborhood request one at the same time. Demand will likely be higher during rush hour, during significant local events, and when inclement weather occurs.
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assume the following: beginning finished goods inventory $ 10,000 ending finished goods inventory $ 14,000 cost of goods manufactured $ 52,000 overapplied overhead $ 2,200 what is the adjusted cost of goods sold?
The adjusted cost of goods sold is $45800
What is cost of goods sold (COGS) ?The direct costs at which the products are produced and later sold by business are regarded as its cost of goods sold (COGS). It does not include indirect expenses, such as those related to the sales force and distribution.. Cost of sales is a distinct name used for cost of goods sold."
COGS is a crucial accounting statement metric since it is used to compute a company's gross profit by deducting it from its revenues. Gross profit, a metric of profitability, assesses how effectively a business uses its labor and resources throughout the process of production. COGS is listed as a cost because it is an operating expense.
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all major decisions and authority are under the control of the project manager in a: functional structure. project structure. matrix structure. process structure
In a project structure, all major decisions and authority are under the control of the project manager. Thus option (b) i.e. 'project structure' holds the correct answer.
A project structure provides the framework within which the development efforts are accomplished. In project structure authority lies with project managers rather than with department heads.
In the project structure, an enterprise organizes its organization around specialized teams working on particular projects. For example, team members from different departments are assigned to different projects under different managers based on the requirement of the specified time.
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which of the following is true of the landrum-griffin act? a. it requires unions to establish bylaws and make financial reports. b. it prohibits employees from engaging in protected concerted activities. c. it prohibits employers from asking employees to sign yellow dog contracts.
The true statement about the Landrum-griffin Act is that it requires the unions to establish bylaws and make financial reports.
What is the landrum-griffin act?The Landrum-Griffin Act is formally known as the Labor-Management Reporting and Disclosure Act of 1959. It is a federal legislative response to widespread publicity about massive corruption and autocratic methods in certain American labour unions during the 1950s.
The purpose of the Landrum-Griffin Act was to protect the employees' union membership rights from unfair practices by unions whereas the similar National Labor Relations Act protected employee rights from unfair practices by employers or unions.
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if after one year of marriage taxpayer pursuant to their divorce decree deeded one-half of the residence to spouse and taxpayer continued to occupy the residence while spouse moved out, and, one year later, they sold the residence for $500,000?
This means that even if the other spouse earned all of the income, one spouse may still be responsible for paying the entire tax bill separating taxpayers.
Any marriage that has been solemnised, whether before or after the start of this Act, may, on a petition presented by either the husband or the wife, be dissolved by a decree of divorce on the grounds that the other party has treated the petitioner cruelly after the marriage has been solemnised; has deserted the petitioner for a continuous period of time; or has engaged in voluntary sexual activity with anyone other than his or her spouse.
Adultery committed before the petition is presented should be the basis of an adultery-based divorce petition. However, proof of adultery committed after the petition was filed is admissible in order for the court to make conclusions about the respondent's behaviour in the future.
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what is a purchase return?multiple choice question.a purchase return is the cash discount given for early payment of an invoice.a purchase return is designed to shorten the payment period between the buyer and the seller.a purchase return refers to merchandise a seller acquires, but then returns to the buyer.a purchase return refers to merchandise a buyer purchases, but then returns to the seller.
A purchase return is when a buyer (either a business or an individual) returns goods that they bought to the seller for a refund or store credit, depending on the seller's policy.
Sales are sports-related to promoting or the range of goods sold in a given centered term. The shipping of a provider for a cost is also taken into consideration as a sale. The seller, or the company of the goods or offerings, completes a sale in response to an acquisition, appropriation, requisition, or direct interaction with the customer at the factor of sale. There's a passing of identifying (assets or possession) of the item, and the agreement of a fee, wherein settlement is reached on a rate for which a switch of ownership of the item will occur. The vendor, not the client, commonly executes the sale and it could be completed previous to the obligation of payment.
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during 2021, raines umbrella corporation had sales of $820,000. cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $85,000, and $115,000, respectively. in addition, the company had an interest expense of $54,000 and a tax rate of 21 percent. (ignore any tax loss carryforward provisions and assume that interest is fully deductible.) a. what is the company's net income for 2021? (a negative answer should be indicated by a minus sign. do not round intermediate calculations.) b. what is its operating cash flow? (do not round intermediate calculations.)
The company's net income for 2021 is for (a) - $84,000 and (b) - $85,000
What is net income?
Net income (also accumulated other comprehensive income, net income, net profit, bottom line, revenue synergies, or credit sales) in business and accounting is an entity's income less cost of goods sold, expenditure, depreciation and amortisation, interest, and taxation for an income statement. It is calculated as the sum of all revenues and gains for the period less all expenditures and losses, and it has also been characterised as the total gain in shareholders' equity resulting from a company's business. It differs from gross income in that it deducts only the cost of sales from revenue.
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In the ________ activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
In the return activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
What is the concept of return?A return is basically the change in price of an asset, investment, or project over time, which can be represented in terms of price change or percentage change. A positive return highlights a profit while a negative return marks a loss.
What is return and its types?Return of income is filed in order to informed the government information regarding the taxes paid and income. There are three types of returns which are filed for the concept of income tax- Original Return, Revised Return and Belated Return.
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some companies expand successful retail businesses by entering into contracts that give others the right to operate businesses with the same name and format. this is called blank . multiple choice question. franchising co-branding licensing an administered vertical marketing system
some companies expand successful retail businesses by entering into contracts that give others the right to operate businesses with the same name and format. this is called franchising.
Franchising is a marketing concept that a company can employ as a plan for business growth. The term "franchise" refers to a method of marketing products or services in which a franchisor develops the brand's trade name and business model and a franchisee pays a royalty and frequently an upfront fee to obtain the right to use the franchisor's name and system.
Through franchising, people can own, manage, and oversee their own businesses without having to take on all of the associated risks. This feature allowed many people to launch their own businesses who would not have been able to do it otherwise.
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the fisher effect equation can be used to determine the real interest rate. use this equation to determine the answer to the question. if the nominal interest rate is 0.0800.080 , and the inflation rate is 0.0350.035 , what is the real interest rate?
The real interest rate is 0.095. By deducting the inflation rate from the nominal interest rate, one can compute the real interest rate, which is the nominal interest rate less the inflation rate.
The relationship between inflation and both real and nominal interest rates is described by Irving Fisher's economic theory, the Fisher Effect. According to the Fisher Effect, the real interest rate is the nominal interest rate less the expected inflation rate.
Therefore, unless nominal interest rates rise at the same rate as inflation, real interest rates decrease as inflation rises.
The real interest rate can be calculated by deducting the anticipated inflation rate from the nominal interest rate, according to Fisher's equation. All of the rates are compounded in this equation.
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costs that are capitalized as inventory during completion of products are called: multiple choice product costs. period costs. general costs. administrative costs. selling expenses.
Out of the choices provided above, it can be concluded to state that the costs that are capitalized as inventory during completion of products are called product costs. Therefore, the option A holds true.
What is the significance of product costs?The product costs can be referred to or considered as the costs that are in relation to the production of goods or services that are sold by an organization while being involved in the regular course of its core business activities.
The costs related to the products are derived only after they are capitalized as inventories of the firm when the production of goods is finished, and they are ready to be offered for sale.
Therefore, the option A holds true and states regarding the significance of product costs.
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the haircut for gbp and eur is 6%, while the haircut for zar and brl is 20%. there is no haircut for usd positions. what is the total haircut in usd on the positions in the accompanying spreadsheet?
Global strategic planning is the process of developing a multinational organization's strategic plan by examining its internal and external environments.
What is global business plan?The global business plan serves as a strategic guide on which the organization relies to make key business decisions as it enters an international market. Key stakeholders and investors use the global business plan to guide their investment decisions. Other global corporations include Hilton and Hyatt Hotels, Adobe, Cisco, 3M, Monsanto, and American Express. These businesses range from hospitality to technology and manufacturing. This demonstrates the existence of various types of global corporations. Include a definition of the nature and scope of your business, as well as the product or service you offer, in your global business plan. Outline the geographic area you've chosen and explain why it's a good fit for your company.To learn more about global business plan, refer to:
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The pull model is also called ________ which means the production process begins with a ________ so that a company only makes the products and quantities that their customers actually want.
The pull model is also called the production model, which means the production process begins with a customer order so that a company only makes the products and quantities their customers want.
In a supply chain driven by demand instead of forecasts, distribution, production, and procurance area unit are all demand-driven. The number and period of products production area units needed.
A pull system could be a lean-producing technique to chop waste within the production method. During this reasonable system, components used within the production method area unit are solely modified once used, limiting the quantity of merchandise created to the number required to satisfy shopper demand.
As a result of the actual fact that merchandise area units are solely created once there's a solid demand from customers, this manner of producing approach is understood as a pull-provide chain operation. A drawing issue is an associate degree impetus that encourages someone to relocate to a different space or nation.
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Yuan wants to analyze his idea for an entrepreneurial venture using a structured approach that looks at various aspects of the proposed venture and how viable they are. This is known as ________.
Four forms of corporate entrepreneurship—opportunist, enabler, advocate, and producer—have been identified by Robert C. Wolcott and Michael J.
What two perspectives exist on the entrepreneurial approach?
Entrepreneurship was described by Radosevic, Yoruk, Edquist, and Zabala (2012) from the perspectives of 1) a micro phenomenon and 2) a macro phenomenon.
Which four different innovation strategies are there?
According to Dodgson et al., there are four types of innovation strategies: proactive, active, reactive, and passive.
What are the four entrepreneurship theories?
Theories of entrepreneurship include those based on culture, the economy, sociology, and psychology.
The two aspects combined result in a matrix with four dominating models: producer, enabler, advocate, and opportunist.
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what is a characteristic of a monopoly's demand curve? it is the same as the marginal revenue curve it is the same as the market demand curve it is the same as the supply curve it is more elastic than the demand curve of a competitive firm g
It is the same as the market demand curve is a characteristic of a monopoly's demand curve.
The demand curve is a graphical illustration of the connection between the price of a great or service and the quantity demanded for a given time frame. In a normal illustration, the fee will appear on the left vertical axis, the amount demanded on the horizontal axis.
As the price of some thing decreases, customers are inclined to buy more. accordingly, because the price falls at the vertical axis, the quantity demanded may additionally increase and create a demand curve that bends downward and to the right along the horizontal axis.
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