Least unit cost can be used for lot sizing in an material requirements planning (MRP) system.
In material requirements planning (MRP), lot sizing (also known as batching) is the process of changing the net required quantities before they are converted into planned order receipts, and subsequently planned order releases, in an MRP system.
The net needs of components or materials are referred to as material requirements planning (MRP). A way to unify in terms of the duration and another approach to unify in terms of the quantity are the two primary forms of lot sizing. The former has "Fixed Period Requirements," which, in general, is appropriate for the pricey commodities whose demand fluctuates. The latter is appropriate for products whose demand is comparatively consistent and incorporates "Fixed Period Requirements" or "Economic Lot Sizing." There are more lot sizing types, as seen in the picture, in addition to these.
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Which of the following is a major advantage of in-depth interviews over focus group interviews? They eliminate the need for a trained interviewer. They allow researchers to observe the social influence process that affects consumer behavior and attitudes because group members interact with each other. They increase the likelihood of cross talk, thus creating synergy among participants and encouraging them to talk in detail about a topic. They decrease the likelihood of participants responding in a socially desirable manner because there are no other participants to impress.
The major advantage of in-depth interviews over focus group interviews:
They eliminate the need for a trained interviewer. They increase the likelihood of cross-talk, thus creating synergy among participants and encouraging them to talk in detail about a topic. They decrease the likelihood of participants responding in a socially desirable manner because there are no other participants to impress.In-intensity interviews offer greater special feedback for better facts collection. Researchers can generate results using statistical facts evaluation. There's much less threat of moderator bias than in consciousness institution settings. Insights gathered from these remarks is generally greater beneficial for the quantitative section.
The sampling is greater accurate than different information series strategies. Researchers can screen adjustments in tone and phrase choice of individuals to gain a higher know-how of evaluations. Fewer individuals are had to obtain useful facts.
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in some years, the turkish government has paid wheat farmers an additional 50 cents on every bushel of wheat they sell. this money is an example of a(n)
Subsidy , Subsidies are a strategy used by governments to promote production and consumption in particular industries.
What is subsidy?
A subsidy is a direct or indirect government payment to people or businesses, typically in the form of cash or a targeted tax break. According to economic theory, subsidies can be used to reduce externalities and market imperfections to boost economic efficiency.
Subsidies are a strategy used by governments to promote production and consumption in particular industries. An industry can enable its manufacturers to generate more goods and services when the government introduces supplier subsidies.
A government incentive or subsidy is a type of financial assistance or support given to an industry typically with the goal of advancing economic and social policy. Although frequently provided by the government, a subsidy can refer to any kind of assistance.
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Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on cost instead of on selling price. What is Misu’s cost? (Round your answer to the nearest cent.)
Based on the price that Misu Sheet's customers will pay no more than, and the markup on cost, Misu's cost can be found to be $92.31
How to find the cost?If the customers to the Bedspread Shop will not pay more than $120 then this is the amount that can be charged as a selling price.
The cost will need a 30% markup on it to be able to get to the selling price of $120.
This means that the cost is:
= Selling price / ( 1 + Markup percentage)
= 120 / (1 + 30%)
= 120 / 1.30
= $92.31
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In the case study "GEM of a Study"
1. How can you improve the causality of the study?
In order to improve the causality of a study, all variables should be taken into account.
What is causality?Causality is based on the assumption that the value of an interdependent variable is the cause of the value of a dependent variable.
To attain a reliable level of certainty of achievement, all variables must be considered. When one variable is deleted, the complete test is altered, and the dependability of the hypothesis is jeopardized.
According to the findings, an individual's entrepreneurial identity impacts whether they participate in primarily effective or causal action.
When the variables are taken into consideration, this is important for the study.
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the five key components of the business environment are the economic environment, technological environment, social environment, global environment, and what?
The economic environment, technological environment, social environment, international environment, and legal environment are the five main facets of the business environment.
What is legal environment in reference to business environment ?The laws and numerous pieces of legislation enacted by the parliament make up the legal environment. The businessman cannot ignore the laws because he must conduct his commercial activities within the bounds of the law.
Trade Mark Act, Essential Commodity Act, Weights and Measures Act, etc. are examples of common laws that have been passed that have an impact on commercial transactions. Legal frameworks frequently impose restrictions on the businessman, but they can also present opportunities. The following are some examples of how the Indian legal system has recently impacted business transactions:
1. The capital market's deregulation has made it simpler for businesspeople to obtain capital from the primary market.
2. Foreign investors and NRIs are being encouraged to invest in the Indian capital market by the removal of exchange controls and investment liberalization.
3. Alcoholic product-advertising is not permitted.
4. Mandatory legal warnings in tobacco production.
5. Industry policies against discrimination.
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All of Indonesia has a tropical climate
What is tropical climate ?The first of the five main climatic groups assigned the letter A in the Koppel climate classification is the tropical climate. Tropical climates are those that have hot temperatures year-round with an average monthly temperature of 18 °C (64.4 °F) or higher in the coolest month.
In tropical areas, annual precipitation is frequently plentiful, exhibits a cyclical regularity, and may experience seasonal drought to varied degrees. In tropical areas, there are often just two seasons: a wet (rainy/monsoon) season and a dry season.
In tropical areas, the annual temperature range is typically relatively modest. In these environments, the sun is very strong.
Within the category of tropical climates, there are three basic types: tropical rainforest climate , tropical monsoon climate (Am), and tropical wet and dry climate (Aw for dry winters and As for dry summers), also known as tropical savannah. These types are identified and distinguished by the amount of precipitation experienced during the driest month in each region.
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Choose the response that accurately completes the following sentence. A taxpayer claiming the Premium Tax Credit:
May be claimed as a dependent on another person's return, as long as they are under age 27.
May have employer-sponsored health care coverage.
Must have purchased private coverage through a plan outside the Marketplace.
Must be lawfully present in the United States.
A taxpayer claiming the Premium Tax Credit May be claimed as a dependent on another person's return, as long as they are under age 27.
Anyone who the owes taxes to the federal, state, or municipal governments, whether an individual or an organization, is considered a taxpayer Credit. Governments typically fund themselves through taxes paid on both the residents and the businesses. A taxpayer is a natural person, business, or the other organization that owes taxes. As modern taxpayers, the government may issue identification or reference numbers to individuals or the businesses. A taxpaying individual is frequently referred to the "taxpayer."
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Choose the response that accurately completes the following sentence. Gross receipts, reported as income in Part 1 of Schedule C, Profit or Loss from Business, may include:
A. an amount recovered from a bad debt
B. amounts reported to the taxpayer on form 1099-NEC
C. income reported to the taxpayer on form W-2
D. proceeds from a loan
Gross receipts, reported as income in Part 1 of Schedule C, Profit or Loss from Business, may include: amounts reported to the taxpayer on form 1099-NEC
What is meant by gross receipts of income?The term that is used to refer to the gross receipt of income can be defined as the total amount that an organization would have received from all of the sources that it received payments from at a particular period of accounting. This would be done without having to subtract costs or any forms of expenses.
The form 1099 is a form that the IRS would have to give to businesses to make a report of the payments that they have done to the people that are not workers in the businesses but are used as contractors to carry out certain services.
Hence we would say that the gross receipt that is recorded as the income on that part of the business would be the amount that the tax payer would have to report on 1099 NEC form.
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a company's triple bottom line measures which aspects of its performance? (choose every correct answer.)
A company's triple bottom line measures the aspects of the following performance:
A. financial aspectB. environmental aspectC. social aspect What is a triple bottom line?In economics, the idea of the triple bottom line was that a company can be managed in a way that not only makes money but which also improves people's lives and the well-being of the planet.
So the idea is maintained that companies should commit to focusing as much on social and environmental concerns as they do on profits. It also posits that instead of one bottom line, there should be three aspect which are profit, people, and the planet.
In essence, the Triple Bottom Line seeked to gauge a corporation's level of commitment to corporate social responsibility and its impact on the environment over time. In conclusion, the theory of triple bottom line aims to measure the financial, social, and environmental performance of a company over time.
Full question "A company's triple bottom line measures which aspects of its performance? (select all that apply) A.financial B.environmental C.social D.technological E.ethical
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food and shelter are examples of a need.