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Digiron [165]
2 years ago
13

For many years, Senator Juliana Higdon has called for more government regulation of business. "After all," the senator said rece

ntly, "businesses are out to make a profit, not to create jobs or serve their customers. The government needs to pass more laws to require businesses to take the interests of consumers and workers into account." From these comments, it is clear that Senator Higdon
Business
1 answer:
4vir4ik [10]2 years ago
7 0

<u>Answer: </u>

From these comments, it is clear that Senator Higdon does not accept the "invisible hand" idea brought forth by Adam Smith.

<u>Explanation: </u>

  • Senator Jimmy Higdon is himself a businessman by profession and bears immense knowledge of the market and its functioning.
  • The ideology that Senator Higdon seems to believe in is that of apparent factors that run the business and cause it to earn profit which eventually culminates in the fulfillment of other activities associated with the business.
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Stephanie bought a package of pencils for $1.75 and some erasers that cost $0.25 each. She paid a total of $4.25 for these items
Sonbull [250]

Answer:

the dogs

Explanation:

8 0
2 years ago
The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given i
lubasha [3.4K]

Question (in proper order)

The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given in minutes per dog, and when there are two or more employees they can process two or more dogs simultaneously.

Process step                             Time(min./dog)                     Who

Verify customer information    5                           Front desk (2 employees)

Crate the dog                           2                           Front desk  (2 employees)

Wash and dry the dog            20                          Washers (3 employees)

Nails and teeth                        13                           Nail/teeth specialists (2)

Grooming                                 25                         Groomers (4 employees)

Call customer for pick-up       5                            Front desk (2 employees)

Assuming that demand and supply exceed capacity, what is the maximum flow rate (in dogs per hour) for this process?

a. 9.2

b. 9.6

c. 10

d. None of the above

Answer:

d. None of the above

Explanation:

average time taken to:

1. verify customer info = 5mins/2 employees = 2.5mins/dog

2. crate the dog = 2min/2 employees = 1 mins/dog

3. wash and dry the dog = 20 mins/3 employees = 6.67min/dog

4. work on nails and teeth = 13 mins/ 2 employees = 6.5 min/dog

5. groom the dog = 25 mins / 4 employees = 6.25min/dog

6. call customer for pick-up = 5 mins/ 2 employees = 2.5 mins/dog

The most time is spent to wash and dry dogs (6.67 mins)

it is therefore one bottleneck

for this process a dog is processed in 6.67 mins

one hour = 60 mins

⇒ (60/6.67) dogs will be processed in an hour

that is, 9 dogs (approx)

hence, none of the above is the right option

3 0
2 years ago
Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company re
gregori [183]

Answer:

The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%

Explanation:

Use the following formula to calculate the Profit Margin

Profit Margin = \frac{Net Income}{Net Sales} X 100

Where

Net Income = $20,000

Net Sales = $100,000

Placing values in the formula

Profit Margin = \frac{20000}{100000} X 100

Profit Margin = 0.2 x 100

Profit Margin = 20%

5 0
2 years ago
The risk-free rate is 5 percent and the market risk premium is 8 percent. Stock Y's beta is 1.85 and the standard deviation of i
Romashka [77]

Answer:

  g

Explanation:

5 0
2 years ago
When bringing to market a new product like the MotorolaOne Zoom, the actual product launch takes place in the __________________
AnnZ [28]

Answer:

Option E: Commercialization

Explanation:

The marketplace is simply dynamic and undergoes different changes and the demand rate for products is also do change. Companies evaluate their already made or existing product line, update it and tries to fit into the standard of their consumers.

In the new product development strategies, companies makes a unique new product development strategy to limit the overuse of time and resources through the method of, organize planning and research, understanding what customer really want thereby definitely resourcing of the said project.

In commercialization, it entails the new product launching procedures (processes). It usually needs heavy promotion and product distribution throughout the network.

6 0
1 year ago
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