a good definition of lean is ""creating more value for customers with fewer resources.""
Answers
The given statement is true because the concept of "lean" refers to a systematic approach to eliminating waste and increasing efficiency in order to create more value for customers with fewer resources.
The focus is on identifying and eliminating any processes, activities, or resources that do not add value for the customer, while maximizing the use of those that do. By doing so, businesses can improve their competitiveness, reduce costs, and enhance customer satisfaction. Ultimately, the goal of lean is to create a more streamlined, efficient, and customer-centric organization that is better able to meet the needs and expectations of its customers.
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Related Questions
Seed capital pays for which of the following?
A. Operating expenses for the first year of a new business
B. Expanding production and advertising budgets
C. Funding for research and development of a business idea
D. Competitive wages for high-tech workers
Edit: It's C
Answers
Answer:
It's C !
Explanation:
Hope you have a good day!
Seed capital pays for: C. Funding for research and development of a business idea.
The seed capital pays for market research for initial steps of product development. For example, development of the prototype or paying for all operating expenses like legal costs.
Seed capital provides operating expenses for the entire process of business. Hence, A is incorrect.
It has no role directly in the expansion of production and advertising budgets. Hence, B is incorrect.
It has no role in decision of competitive wages for high tech workers. Hence, D is incorrect.
Hence, C is correct option.
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If a Veteran wanted to buy a $60,000 house in a city with a population of 100,000 people, which of the following loans could he NOT apply for?
a. VA loan
b. FHA loan
c. RECD loand. Conventional loan
Answers
Answer:
RECD loan
Explanation:
RECD , an acronym for rural economic development loan is a type of loan, either guaranteed or direct, specifically meant for the funding of rural projects by utilizing organizations , with creation and retention of rural jobs as one of its benefit.
A city with a population of 100,000 people is apparently not mis-classified as a city. , and on that note , RECD is not applicable to it.
The other types of loans like the VA and the conventional loans can be utilized to finance the acquisition of properties in a city settlement.The FHA can also acts as an insurance .
____ prohibits most employers from taking genetic information into account when making hiring, firing, promotion, or other employment-related decisions.
Answers
Answer:thank you for 10 points
Explanation: The Americans with Disabilities Act (ADA) prohibits most employers from taking genetic information into account when making employment-related decisions. The ADA is a federal law that prohibits discrimination against individuals with disabilities and protects their rights in various aspects of employment. It specifically prohibits employers from using genetic information as a basis for hiring, firing, promotion, or other employment decisions. Genetic information includes an individual's genetic tests, the genetic tests of their family members, and the manifestation of a disease or disorder in family members. It is important to note that there may be additional state and local laws that provide further protections regarding genetic information in the workplace.
given an interest rate of 8% compounded annually, $6,000 to be received three years from today is equal to $
Answers
If $6,000 is to be received three years from today, we need to calculate its present value based on the interest rate of 8% compounded annually. To do this, we can use the formula for the present value of a lump sum:
Present Value = Future Value / (1 + Interest Rate)^n
Where n is the number of years until the future value is received. Plugging in the given values, we get:
Present Value = $6,000 / (1 + 0.08)^3
Present Value = $4,625.19
Therefore, $6,000 to be received three years from today is equal to $4,625.19 in present value when the interest rate is 8% compounded annually.
Given an interest rate of 8% compounded annually, $6,000 to be received three years from today can be calculated using the present value formula. Here's a step-by-step explanation:
1. Identify the variables: interest rate (i) = 0.08, number of years (n) = 3, and future value (FV) = $6,000.
2. Use the present value formula: PV = FV / (1 + i)^n
3. Substitute the values into the formula: PV = 6000 / (1 + 0.08)^3
4. Calculate the result: PV = 6000 / (1.08)^3 = 6000 / 1.259712 = $4,764.24
So, $6,000 to be received three years from today is equal to $4,764.24 when given an interest rate of 8% compounded annually.
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Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answers
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
In the case of an unsolicited order, a prospectus must be delivered to the purchaser of a unit investment trust
Answers
In the case of an unsolicited order, a prospectus must be delivered to the purchaser of a unit investment trust: With the purchase confirmation.
What is the definition of a purchase confirmation?A purchase order confirmation is a document issued by a seller after receiving a buyer's order. The confirmation outlines the buyer's acceptance (total or partial) of the conditions specified in the PO (quality and quantity of the items, price, delivery, terms of the deal).Confirmation completes the process of initiation into the family of Christ, which began with Baptism and the Holy Eucharist. It is one of Catholicism's seven sacraments. Confirmation is a coming-of-age ceremony that involves accepting responsibility for one's faith and actions.Purchasing is the process by which a company or organization acquires goods or services in order to achieve its objectives. Although several organizations attempt to establish standards in the purchasing process, processes can vary greatly between organizations.Purchasing is a component of the larger procurement process, which includes expediting, supplier quality, transportation, and logistics.To learn more about purchase confirmation refer to:
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What does a credit score provide to lenders?
Group of answer choices
A person's credit risk
A person's credit history
A person's credit application
A person's credit interest
Answers
Answer:
I believe the answer is credit history, please let me know if I am wrong.
Explanation:
"'A credit score is a number lenders use to help them decide how likely it is that they will be repaid on time if they give a person a loan or a credit card.'' Your personal credit score is built on your credit history.'' Your FICO® Score☉ ranges from 300 to 850."
Answer: A person’s credit risk
Explanation:
How does giving benefit both the giver and the receiver?
Answers
Answer: The benefits of giving are not only reaped by the gift receivers, but also by the giver themselves in terms of their health and happiness.
Explanation: I hope that helped.
1. Rick Jenson is paid semi-monthlyHis yearly salary is $36,000 and is paid time and a half for any hours worked over 40 in a week. During the payroll period, he had 4 hours of overtime. Calculate Rick's pay and overtime rate for the semi- monthly period.
Answers
During the payroll period, he had 4 hours of overtime. Rick's pay and overtime rate for the semi- monthly period is $918.
Your response is $918 because you are aware that he was paid $18 per hour and put in 35 hours
which you can calculate as 18x35-630. He also put in 8 hours of overtime, which is double the regular amount, so you can multiply 18 by 2 to get 36 and 36 by 8 to get 288, and then add the two to get $918, which is Rick's total pay.
Paychecks are issued twice a month under a semi-monthly pay schedule, typically on set days like the first and fifteenth or the fifteenth and thirtyth.
They might not always fall on the same day of the week, and as a result, you would only pay your employees 26 times a year as opposed to 24. Switching to a semi-monthly pay schedule, which means each month includes two pay periods, has helped us maintain more stable cash flow. Biweekly payrolls are processed every two weeks, whereas semimonthly payrolls are processed twice a month, typically on the 15th and last day of the month.
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What is the definition of liquidity?how difficult it is to maximize returns on investmentshow much money someone has in a savings accounthow easily an investment can be exchanged for cashhow much income someone has to invest each year
Answers
liquid assets; cash”
Answer:
how easily an investment can be exchanged for cash.
Explanation:
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
alexis incorporated sells two products, larges and smalls. larges sell for $94 per unit with variable costs of $62 per unit. smalls sell for $27 per unit with variable costs of $10 per unit. total fixed costs for the company are $14,000. alexis incorporated typically sells five larges for every two smalls. what is the breakeven point in total units? (round the final answer up to the nearest unit.) 506 units 3 units 51 units 10 units
Answers
Larges and Smalls are the two items that Alexis Corporation distributes. Larges have variable expenses of $62 each unit and sell at $94 per unit. Smalls cost $10 per unit and are sold for $27 $14,000.x, or 505.05.
Among the following, which best sums up the break-even point?The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other terms, you've achieved the point in production where the revenue from a product equals the cost of manufacture.
What does "variable costs" mean?Expenses that fluctuate in accordance with business activities are known as variable costs. They rise in value as your workload increases the inverse of fixed expenses increase in direct proportion to the volume of sales a business generates.
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Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment
Answers
Answer:
BDE
Explanation:
Answer:
A C D
Explanation:
6. Which of the following describes a non-employee business? (1 point)
an architect who has only a part-time assistant
a small ice cream shop where only one person works at a time
a person who works from home for a larger company
a manicurist who works from her home or at clients houses
Answers
Answer:
a manicurist who works from her home or at clients’ houses
Explanation:
An outstanding bond issue which is currently trading at 103 1/4 is callable starting next year at 102 1/2. The call premium on the bond issue is:
Answers
The given outstanding bond issue currently trading at 103 1/4 is callable starting next year at 102 1/2. The call premium on the bond issue is 1 3/4.
The call premium is the amount over the face value of a bond or other debt instrument that the issuing company is required to pay in order to retire or redeem it before it matures. For example, if a company issues a bond with a face value of $1,000 and a call premium of 2%, the bondholders will receive $1,020 if the bond is called.
The bond call provision is a contractual provision in a bond that allows the issuer to redeem the bond before its scheduled maturity date. Callable bonds are usually redeemed at a premium to their face value. Callable bonds can be advantageous to issuers because they can refinance the bond at a lower interest rate if rates have fallen since the bond was issued. Callable bonds can be a disadvantage to bondholders because they are exposed to the risk of reinvestment at a lower rate of return if the bond is called and the bondholder has to find a new investment.
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When The U.S. Government Engages In Deficit Spending, That Spending Is Primarily Financed By A. Issuing New Bonds B. Borrowing Money From Foreign Governments C. Increasing The Required Reserve Ratio D. Buying Bonds From U.S. Banks And The Public
Answers
The primary source of funding for the U.S. government's deficit spending is borrowing money from other nations.
How is deficit spending funded by the government?When a government spends more on transfers, goods, or services than it collects in taxes, there is a budget deficit. The national debt increases every time a government borrows money to make up for budget gaps.
What are the funding sources for the deficit?Some economists have completely given up on the idea of a balanced budget because they believe it to be an unsuitable standard for determining public policy. However, government inefficiency may also contribute to deficit financing, reflecting widespread tax avoidance or inefficient spending rather than the implementation of a deliberate countercyclical policy.
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the first step in the managerial decision-making process is to
Answers
Answer:
1. Establish the objectives
2. Defining the problem
The first step in the managerial decision-making process is to establish the objectives and defining the problem.
What is a decision-making process?This process involves making of choices by identifying a decision, gathering information and assessing alternative resolutions.
However, the first step in the managerial decision-making process is to establish the objectives and defining the problem.
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a ____________ appeal centers on benefits an offering can provide to a customer.
Answers
A value-based appeal centers on the benefits an offering can provide to a customer.
In a value-based appeal, marketers highlight the specific value propositions that can persuade customers to choose their offering over competitors. This may include showcasing the product's quality, cost-effectiveness, convenience, or other attributes that the customers find important.
For instance, a value-based appeal for a smartphone might emphasize its advanced features, such as a high-resolution camera, long battery life, or innovative software capabilities. Alternatively, the appeal could stress its affordability or the comprehensive customer support available for users.
By focusing on the benefits and value that customers can gain from the offering, a value-based appeal aims to resonate with the target audience's needs and preferences. This approach encourages customers to perceive the product or service as a worthwhile investment, which can result in increased sales, customer loyalty, and positive word-of-mouth.
In summary, a value-based appeal centers on the benefits that a product or service can provide to customers. By emphasizing the unique selling points and advantages that cater to the needs of the target audience, marketers can create a persuasive message that encourages customers to choose their offering over others.
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Even though the country faces political instability, an island nation with wide, expansive beaches is a destination hub for cruise lines. Recently, a large theme park company showed strong interest in buying land on this island with the intent of building a park targeted toward families. The company wants to make a commitment to the island, including the hiring of several hundred local employees. It is using a global marketing strategy called
Answers
Answer:
Foreign direct investment
Explanation:
In simple words, An investment in the shape of substantial participation in a firm in one nation by an organization located in another nation is known as a foreign direct investment. A sense of direct control distinguishes it from a foreign portfolio investment.
Thus, from the above we can conclude that the correct answer is foreign direct investment.
Which of the
following is NOT
associated with
Macroeconomics
?
A. A nation's GDP
B. Unemployment
C. Inflation
D. Individuals
Answers
Answer:
The option A is correct
Explanation:
The germane family has found the perfect house in thessaloniki, greece that they would like to use for their summer vacation. to purchase this $1,000,000 beach house, their bank requires a 40% down payment, which the germane family plans to have saved 5 years from now. they earn $8,000 per month, and their savings account earns 6% interest compounded monthly. what amount must be saved each month?
Answers
Answer:
Saving each month is $5733.12
Explanation:
The down payment amount = $1000000 × 40% = $400000
The per month earning = $8000
The earning from saving account = 6%
We have to find the amount that will be saved per month by using the above information.
Interest rate per month = 6% / 12 = 0.5% or 0.005
Number of periods = 6 ×12 = 60
Future value of annuity = $400000
Saving each month = FV / ([(1+r)^n-1] / r)
Saving each month = 400000 / (((1 + 0.50%)^60 – 1)/ 0.50%
Saving each month = 5733.12
Describe how basic business concepts are important to marketing?
Answers
The advantage of marketing for your business is that it engages customers and influences their decision to buy your products or services.
What fundamental ideas underlie business?A business concept is essentially a condensed explanation of the idea that drives a company's existence. It outlines the main consumer issues it wants to address, explains how the concept relates to a market, and offers clear guidance when developing a business plan.
What role does the business concept play?It not only establishes the foundation for the subsequent business plan, but also develops your idea, describes the customer issue it seeks to address, and examines how the idea will fit into the larger market. It's a bite-sized overview that you can distribute to potential partners, lenders, and/or investors.
What role does the marketing notion play in business?The benefit of marketing for your company is that it engages consumers and helps them decide whether to purchase your goods or services. A marketing strategy, which is a component of your business plan, also aids in establishing and sustaining demand, relevance, reputation, competition, etc.
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Which of the following represents an isocost line?
C = TC + FC
C = FC + VC
C = TC - VC
C = wL + rK
Answers
The equation C = wL + rK represents an isocost line, showing combinations of labor and capital that can be purchased at a given total cost.
C = wL + rK represents an isocost line.
An isocost line shows the various combinations of inputs (in this case, labor and capital) that can be purchased at a given total cost (C).
In the equation C = wL + rK, w represents the wage rate for labor, L represents the quantity of labor, r represents the rental rate for capital, and K represents the quantity of capital.
By varying the quantities of labor and capital, the total cost remains constant along the isocost line.
Therefore, option D) C = wL + rK correctly represents an isocost line.
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there are three main types of approaches to creating value propositions. which of the following is one of these approaches?
Answers
One of the three main types of approaches to creating value propositions is the "customer needs-based approach."
The customer needs-based approach is a strategy used to create value propositions by focusing on understanding and meeting the specific needs and desires of customers. It involves identifying the problems, challenges, or desires of the target customer segment and developing a value proposition that addresses those needs effectively.
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Hailey is considering taking out an 8-year loan with monthly payments of $115 at an apr of 3. 2%, compounded monthly, and this equates to a loan of $9728. 75. Assuming that hailey's monthly payment and the apr of the loan remain fixed, which of these is a correct statement?.
Answers
The total loan amount is $9728.75. Hence, B. If it were a 14-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.
As the term of the loan increases, the total amount of the loan increases as well. This is because a longer loan term means more opportunities for interest to accrue, which increases the overall cost of the loan. Since the monthly payment and APR are fixed, as the term of the loan increases, the total amount of the loan would decrease.
To calculate the total loan amount, you can use the formula:
Loan Amount = Monthly Payment x\(( ( 1 + r )^n^ -^ 1) / (r * (1 + r)^n)\)
Where:
Loan Amount is the total loan amount
Monthly Payment is the fixed monthly payment ( $115 in this case)
r is the monthly interest rate (3.2%/12)
n is the number of months for the loan term ( 8 years x 12 months/year)
Plugging in the values from the question:
Loan Amount = 115 x ( ( 1 + 0.0032 )⁹⁶ ⁻ ¹) / (0.0032 x (1 + 0.0032)⁹⁶)
Loan Amount = 115 x ( 1.0032⁹⁶ ⁻ ¹) / (0.0032 x 1.0032⁹⁶)
Loan Amount = 115 x (2.812973 - 1) / (0.0032 x 2.812973)
Loan Amount = 115 x 1.812973 / 0.0096
Loan Amount = 9728.75
Hailey is considering taking out an 8-year loan with monthly payments of $115 at an APR of 3.2%, compounded monthly, and this equates to a loan of $9728.75. Assuming that Hailey's monthly payment and the APR of the loan remain fixed, which of these is a correct statement?
A. If it were a 6-year loan, the amount of the loan that Hailey is considering taking out would be more than $9728.75.
B. If it were a 14-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.
C. If it were a 12-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.
D. If it were a 10-year loan, the amount of the loan that Hailey is considering taking out would be more than $9728.75.
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Abc company reported total revenues of $100,000, a gross profit of $40,000, and operating expenses of $20,000. what are abc company's common-size operating expenses?
Answers
The company's common size operating expenses are 20% of the total revenue of the company .
Operational IncomeBoth formulas have advantages and disadvantages. Below is the first formula:
Operating Income Plus Depreciation and Amortization = EBITDA
Operating income is the company's profit following the deduction of operating expenses, or the costs associated with conducting regular operations. By removing interest and taxes, operating income aids investors in separating the earnings for the company's operating performance. As the name implies, operating income shows the revenue generated by a company's operations.
Sales less running costs like labor and the cost of products sold are frequently used to determine operating income (COGS). Only D&A needs to be included in order to calculate EBITDA because operating income has already been calculated before interest and taxes are subtracted.
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What will happen if the price of one of the resources used to produce a good increases? a. The demand curve for that good will shift to the left. b. The demand curve for that good will shift to the right. c. The supply curve for that good will shift to the left. d. The supply curve for that good will shift to the right.
Answers
Answer:
. The supply curve for that good will shift to the left.
Explanation:
A shift in the supply curve arises when suppliers increase or decrease production. A shift in the supply curve is a result of a change in supply. An increase in supply results in the supply curve shifting to the right, While a decrease makes it shift to the left.
Factors that cause suppliers to reduce production makes the supply curve to shift to the left or inwards. Examples of such factors include an increase in taxation, civil unrest, or changes in technology.
An increase in the price of raw material will make production more challenging for suppliers. The output from suppliers will decrease, causing the supply curve to shift to the left.
What is the percent by mass of a solution made by dissolving 163 g of potassium cloride in 755 g of water?
Answers
The percent by mass of a solution made by dissolving 163 g of potassium cloride in 755 g of water is approximately 17.77%.
The percent by mass of the solution made by dissolving 163 g of potassium chloride in 755 g of water can be calculated by dividing the mass of potassium chloride by the total mass of the solution (potassium chloride + water), and then multiplying by 100.
In this case, the mass of potassium chloride is 163 g, and the mass of water is 755 g. The total mass of the solution is the sum of these two masses, which is 163 g + 755 g = 918 g.
To find the percent by mass, we divide the mass of potassium chloride (163 g) by the total mass of the solution (918 g) and multiply by 100.
163 g / 918 g * 100 = 17.77%
Therefore, the percent by mass of the solution is approximately 17.77%.
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am i sus???????????????????????? ajajjjjajajaajajJaJJJJj
Answers
Explanation:
I guess? I cant tell ....
Answer:
yes you are very suss and I'm sus so
The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answers
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.