Compute the unadjusted cost of goods sold for the year. do not include any underapplied or overapplied overhead in your answer.
Answers
Computing the unadjusted cost of goods sold for the year:
Total manufacturing overhead = $ 900,000
Total machine in hours = 75,000 hours
Overhead rate = \(\frac{900,000}{75,000}\) = $ 12.00 per hour
Actual manufacturing overhead cost = $ 850,000
Manufacturing overhead process during the year = 60,000 actual manufacturing overhead rate × $12 per hour manufacturing rate = 720,000
Underapplied overhead cost = $ 130,000
The total sum that a company spent on expenses directly associated with the sale of goods is known as the cost of goods sold. Depending on the nature of your business, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale. Only those expenses that are directly used in generating that revenue are used to calculate COGS, such as the company's inventory or labor costs that can be linked to specific sales. In contrast, COGS does not account for fixed expenses like managerial salaries, rent, and utilities. The costs incurred by a company directly related to the manufacture and sale of its products and services are referred to as the cost of goods sold. Simply put, COGS refers to costs that are directly incurred during a transaction.
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Related Questions
If the price of natural gas rises, when is the price elasticity of demand likely to be the highest?.
Answers
If the price of natural gas rises, the price elasticity of demand is likely to be the highest d. one year after the price increase.
What is the price elasticity of demand?The price elasticity of demand refers to the percentage change in the quantity demanded of a good or service divided by the percentage change in the price.
The factors that determine the price elasticity of demand include:
Availability of substitutesWhether good is a luxury or a necessityThe proportion of income spent on the goodsTime elapsed since the price increase.Answer Options:a. one month after the price increase
b. immediately after the price increase
c. three months after the price increase
d. one year after the price increase.
Thus, if the price of natural gas rises, the price elasticity of demand is likely to be the highest d. one year after the price increase.
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The greeting of a cover letter is also referred to as the___.
Answers
Answer: salutation
Explanation:ed2021
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Write a short report on ethical business dilemmas, and give examples of ethical dilemmas faced by businesses.
Answers
this is the edmentum answer and ill put my answer as well
Explanation:
edmentum: Ethical dilemmas are very common in the workplace. The employees of an organization are under pressure to deliver an expected level of performance. They need to perform to meet the organization’s goals without compromising on quality or giving in to temptation, such as opportunities to share confidential company data. When an organization provides training and guidance to its employees, it helps them to make appropriate ethical decisions.
The cultures of organizations vary. Some businesses do not look beyond their own profits, and their leaders often ignore their own standards of ethics. Employees who do not agree to certain practices may hesitate to protest because they don’t want to risk losing their jobs or for management to single them out as untrustworthy.
Ethical dilemmas are common in business processes; for example, when employees manipulate work reports to obtain recognition and appreciation, or when employees fudge financial statements to depict false increases in sales.
Another example of an ethical business dilemma would be an employee finding out that a senior manager is misusing company resources for personal gain. The employee may receive an offer from the manager to share in the unethical gains.
my answer: Ethical business dilemmas are growing more important over the years now that people have realized businesses should be treating their employees as human beings. Applying for a job you should be aware of common ethical dilemmas business faces and how well they handle them. Some common dilemmas are health and safety, diversity and discrimination policies, employee privacy, unethical pricing, and sadly sexual harassment.
On January 2, 2021, Sanborn Tobacco Inc. bought 5% of Jackson Industry’s capital stock for $99 million. Jackson Industry’s net income for the year ended December 31, 2021, was $129 million. The fair value of the shares held by Sanborn was $116 million at December 31, 2021. During 2021, Jackson declared a dividend of $50 million.
Answers
The Sanborn Tobacco Inc. bought 5% of Jackson Industry's capital stock for $99 million on January 2, 2021.
The fair value of the shares Sanborn owned as of December 31, 2021 was $116 million, and Jackson Industry's net income for the fiscal year that concluded on that day was $129 million. Jackson declared a $50 million dividend for 2021.
Sanborn Tobacco Inc. invested $99 million to purchase 5% of Jackson Industry's capital stock. Jackson Industry's net income for the year ended December 31, 2021, was $129 million, which indicates that the company performed well during that period. The fair value of the shares held by Sanborn at the end of the year was $116 million, indicating that there was a decrease in the value of the investment.
1. To calculate Sanborn's share of Jackson Industry's net income, multiply the net income by the percentage of capital stock owned. In this case, 5% of $129 million:
0.05 * 129,000,000 = 6,450,000
Sanborn's share of net income is $6.45 million.
2. To calculate Sanborn's share of the declared dividend, multiply the dividend amount by the percentage of capital stock owned. In this case, 5% of $50 million:
0.05 * 50,000,000 = 2,500,000
Sanborn's share of the dividend is $2.5 million.
3. To calculate the unrealized holding gain on the shares held by Sanborn, subtract the initial investment from the fair value of the shares at the end of the year:
116,000,000 - 99,000,000 = 17,000,000
The unrealized holding gain is $17 million.
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A business owner invested $7,000 in a treasury bond paying 4.3% compounded semiannually. after 30 years, the value of the bond will be $25,084.20. if the business owner's investment was compounded continuously instead of twice per year, what would be the difference in the account balance after 30 years? a. $345.31 b. $318.22 c. $286.74 d. $228.59
Answers
$345.31 would be the difference in the account balance after 30 years at $7,000 investment in a treasury bond paying 4.3% compounded semiannually.
given data;
investment amount, p = $7,000
bond paying, r = 4.3%
= 0.043
time period, t = 30 years
value of bond = $25,084.20
the formula will be:
A = pe^rt
substitute the above values
A = 7,000e^(0.043 x 30)
= $25429.51
So, the difference is, $25429.51 - $25084.20 = $345.31
Governments and businesses both issue bonds as a means of raising capital. As soon as you purchase I bonds, you begin earning interest on those bonds. Monthly interest payments are made on I bonds, but you cannot access them until you redeem the bond. By purchasing a bond, you are effectively lending the issuer money. In exchange, they commit to repay you the face amount of the loan on a particular date and to make periodic interest payments typically twice a year along the way. The bond's value is increased twice a year by the interest you earn. This enables your money to compound over time since the principle amount on which you earn interest rises every six months.
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Which of the following is NOT a recommended method to
protect you from identity theft?
A. Expensive Specialty locking or monitoring service
B. Regularly Monitoring your credit report
C. Contacting lenders and credit bureaus to report inaccurate information
D. Place a credit freeze with the credit bureaus
Answers
Answer: Expensive specialty locking or monitoring service.
Explanation: Trust me bro.
The method that is NOT recommended for protecting one from identity theft is A. Expensive Specialty locking or monitoring service.
There are methods that are recommended to protect one from identity theft. They include:
Shredding documents with identity information before disposalInstalling antivirus software in devicesRegularly monitoring credit reportsContacting lenders and credit bureaus with inaccurate reportsPlacing a credit freeze on accounts.Thus, having expensive specialty locking and monitoring service is not a recommended method to protect one from identity theft.
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Explain why socialist societies do not use a circular flow chart.
Answers
swedish company asko, which prides itself on manufacturing and marketing some of the best-built and most prestigious appliances in the world, would most likely use which competition-oriented pricing approach?
Answers
above-marketing pricing. swedish company asko, which prides itself on manufacturing and marketing some of the best-built and most prestigious appliances in the world.
most likely use which competition-oriented pricing approach Marketing is the process of discovering, developing, and delivering value to a target market in the form of goods and services. Potentially including the selection of a target audience; the selection of specific attributes or themes to emphasize in advertising; the operation of advertising campaigns; attendance at trade shows and public events; the design of attractive products and packaging for buyers; the definition of terms of sale, such as price, discounts, warranty, and return policy; product placement in media or with people believed to influence the purchasing habits of others; contracts with retailers.
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Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary. She’s hoping to earn a bit more interest than she currently is with that $45,000 just sitting in her traditional bank’s savings account. Which account would you recommend? Why?
SAVINGS ACCOUNT, CD, MONEY MARKET ACCOUNT
Answers
I will recommend she invest the $45,000 in Certificate of deposit or Money market account.
It is widely known that a traditional bank’s savings account does not provides significant interest rate for deposit unlike other account which are meant from pure investment at long term.
A certificate of deposit are issued by bank to customer promising them a certain interest rate on their deposit with them.
A money market is also an method of investing in short term market and guarantees high interest rate on deposit.
Therefore, I will recommend she invest the $45,000 in Certificate of deposit or Money market account.
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What one question do you need answered that you feel would take you into the new school year successfully?
Answers
Answer:
will i ever be bullied?
Explanation:
Answer:
Be at the top, be the most populer.
Explanation:
Everyone will respect you
Brainley is not letting me make an account and I don't know the email so that I can email them!!! helppp!!! plsss
Answers
Answer:
you are using an account right now.
Explanation:
Asser and his partner Ali decided to start a business selling flowers called A and A Blooms. They agreed the business
objectives they would set. There are several other shops in the town and much competition. Asser and Ali had little
cash to start the shop, BUT after 5 years running, it is still open. Business objectives have changed, there are plans to
open 2 or 3 new shops, perhaps by taking over some of their competitors. The business now employs 5 workers and
uses several local flower growers as suppliers.
a) What is meant by 'business objective'?
[2]
Goals
Direction in which business Сол be succesful
b) Identify two of A and A Blooms' stakeholders, other than workers and suppliers.
[2]
Customers and Community
c) Identify and explain two likely business objectives of Blooms when the business was first established. [4]
Answers
A business objective simply refers to the results that a business wants to achieve. Having a business objective is vital for a business.
It should be noted that business objectives are the measurable results that a business hopes to maintain as the business grows.
The examples of A and A Blooms' stakeholders apart from the workers and suppliers will its shareholders and customers. Stakeholders are affected by the decisions taken by a business.
The two likely business objectives of Blooms when the business was first established include profit maximization and cost minimization.
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a new ceo has been hired at valley hospital who proposes to change the centralized organizational structure that was put in place 10 years ago, based on widespread consultation with staff. the proposed structure involves substantial flattening of the organizational structure, with significant decision making being made at the point-of-care and an emphasis on interprofessional collaboration. there is a great deal of discussion about the balance between hospital-wide budget decision making and unit-based decision making. this discussion represents:
Answers
The discussion represents the potential impact of the proposed organizational structure change on decision making processes at Valley Hospital.
With the proposed flattening of the organizational structure and increased decision making at the point of care, there may be a shift in decision making power from hospital-wide budget decisions to unit-based decisions. This can have implications for resource allocation, prioritization of services, and overall hospital strategy. The discussion is likely focused on finding a balance between the two approaches to ensure that the hospital is able to meet its financial goals while also providing high-quality care.
The proposed organizational structure change at Valley Hospital is likely to have far-reaching effects on the hospital's operations and decision making processes. The discussion about the balance between hospital-wide budget decision making and unit-based decision making reflects the need to carefully consider the implications of the proposed changes and ensure that the hospital is able to continue providing high-quality care while also meeting its financial goals.
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What is the first step in the marketing research process? a. collecting the data b. designing the research c. defining the objectives and research needs
Answers
Defining the objectives and research needs is the first step in the marketing research process Option (c)
The first step in the marketing research process is to define the objectives and research needs. This involves identifying the problem or opportunity that the research is intended to address, as well as the specific information that is needed to make informed business decisions.
In this step, the researcher establishes the research objectives and questions, which will guide the subsequent research activities. It is important to clearly define the objectives and research needs at the outset to ensure that the research is focused, relevant, and actionable.
After the objectives and research needs are defined, the next steps in the marketing research process typically involve designing the research plan, collecting the data, analyzing the data, and presenting the findings.
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You are not going to proceed safely in a fast-paced, decision-making process when you wilty to make these decision is 1 a) heightened b) slowed down Increased 0 0 0 crasheged 5156.000 In a recent study, New York reported that the estimated cost per injured Survivor of a 2 a) alcohol-related b) weather related c) automobile malfunction related CO Characteristics that increase the likelihood for aggressive riving include
Answers
In a fast-paced, decision-making process, if you hesitate or become indecisive, you are not going to proceed safely. The correct answer is (b) slowed down.
In a fast-paced decision-making process, the pressure to make quick decisions can often lead to impulsive or rushed choices. When individuals feel overwhelmed or uncertain, taking a moment to slow down and carefully consider the options can improve the quality and safety of the decision-making process. Slowing down allows for a more thorough evaluation of the available information, potential risks, and possible outcomes. It provides an opportunity to analyze the situation from different angles, weigh the pros and cons, and make a more informed decision. By taking the time to slow down, individuals can minimize the likelihood of errors, oversights, and unintended consequences, leading to safer and more effective decision-making.
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--The complete question is, You are not going to proceed safely in a fast-paced, decision-making process when you wilty to make these decision is a) heightened
b) slowed down
c) Increased
d) crashed--
The three competitive factors that impact only Internet sales and market share in a region includeA company expenditures for merchandising support paid to third-party online retailers.B the amount the company spends in a given year for special styling and performance features for newly-produced footwear models only sold online.C the S/Q rating of the branded footwear being sold at each company's regional websites.D the celebrity appeal ratings of the celebrities who are under contract to endorse a company's branded footwear via videos, pictures, and commentary posted prominently at numerous locations on the company's regional websites.E the average retail price each company charges at its regional websites and whether a company offers free shipping or requires customer paid shipping.
Answers
The three competitive factors that impact only Internet sales and market share in a region include:
1. The average retail price each company charges at its regional websites and whether a company offers free shipping or requires customer paid shipping.
This factor is important as it directly affects the consumer's decision to purchase from a particular website. Customers are often drawn to websites that offer competitive prices and free shipping.
2. Company expenditures for merchandising support paid to third-party online retailers. This factor refers to the amount of money a company spends on advertising and promoting its products on third-party websites.
The more a company invests in advertising, the more likely it is to attract potential customers to its own website.
3. The S/Q rating of the branded footwear being sold at each company's regional websites. S/Q rating refers to the style and quality of the products being sold. Customers are more likely to purchase from websites that offer high-quality, stylish products that meet their needs and preferences.
It is important for companies to consider these factors when competing in the online marketplace as they can significantly impact a company's sales and market share.
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Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answers
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
why do competitive markets work better for life insurance than for income insurance?
Answers
Answer:Because insurance market is competitive, when companies become profitable, they start adopting a more lenient underwriting criteria and lower their premiums to grab more market share.
Explanation:
Other insurance companies react by adopting the same policies, to prevent their shares taken away or to increase their market share.
Larry is married and has five children. he is worried about the stability of his current employment and does not have a lot of savings. larry sought out financial advice and he was told to purchase a life insurance policy that provided him with total control over the lifetime benefits, just in case he becomes unemployed. since his estate is significantly under the estate tax exclusion amount, larry is not concerned about the policy being included in his gross estate. he plans to name his spouse as the beneficiary to ensure that she, and his children, will be adequately provided for in the event of his death. which one of the following techniques satisfies larry's planning objectives?
a)
larry should have a life insurance policy that is owned by an irrevocable trust.
b)
larry should have a life insurance policy that is owned by a revocable trust.
c)
larry should purchase a life insurance policy that names his wife as the insured.
d)
larry should purchase a life insurance policy that names himself as the insured.
Answers
technique that satisfies Larry's planning objectives is Larry should purchase a life insurance policy that names himself as the insured So correct answer is D
Larry's primary concern is to provide financial security for his family in case he becomes unemployed or in the event of his untimely death. One way to achieve this objective is by purchasing a life insurance policy. However, to ensure that the policy fulfills his planning objectives, Larry needs to choose the right ownership and beneficiary designations for the policy.Option D: Larry should purchase a life insurance policy that names himself as the insured.
This option would provide Larry with total control over the lifetime benefits of the policy. Larry could also name his spouse as the beneficiary to ensure that she and his children are adequately provided for in the event of his death. Since his estate is significantly under the estate tax exclusion amount, he is not concerned about the policy being included in his gross estate.
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Of the business structures you’ve learned about, which one interests you the most? Discuss what structure you might choose to start your own business one day and explain why.
Answers
Answer:
If I were to start my own business one day, I would choose the Limited Liability Company (LLC) structure. This structure offers the most flexibility and protection for business owners. It allows for the business to be taxed as a pass-through entity, meaning that the profits and losses of the business are passed through to the owners and reported on their individual tax returns. This structure also provides limited liability protection for the owners, meaning that their personal assets are not at risk if the business is sued or incurs debt. Additionally, LLCs are relatively easy to set up and maintain, making them an attractive option for small business owners.
Explanation:
An expense that is the same amount each month.
Fixed Expense
Variable Expense
Monthly Expense
Answers
Answer:
Fixed Expense
Explanation:
I) The Enterprise Value of a corporation is typically calculated using the Book Value of Debt rather than the market value of debt. This is because the market value of debt is often hard to observe.
II) Price per share / Sales per share is one example of a valuation ratio that violates the principle of capital structure consistency.
a. All statements are true.
b. I is true, Il is false.
c. Il is true, I is false
d. All statements are false.
Answers
B) FALSEThe Enterprise Value (EV) of a corporation is typically calculated using the market value of debt rather than the book value of debt.
This is because the market value of debt reflects the true value of the company's debt obligations, while the book value of debt represents the historical cost of debt and may not reflect its current market value.The formula for calculating Enterprise Value is:EV = Market Value of Equity + Market Value of Debt - Cash and Cash EquivalentsUsing the market value of debt in this formula provides a more accurate measure of the total value of a company's assets, as it takes into account the current market value of the company's debt obligations. This information is important for investors, as it helps them to evaluate the true value of a company and make informed investment decisions.
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give 5 reasons for the elimination of middleman
Answers
Eliminating middlemen in supply chains can have several benefits, including cost reduction, improved efficiency, enhanced quality control, direct communication, increased profits.
Cost Reduction: By removing middlemen, businesses can reduce the number of intermediaries, leading to decreased costs. This enables companies to offer more competitive prices, potentially attracting more customers.Improved Efficiency: With fewer intermediaries, the supply chain becomes more streamlined, allowing for faster and more efficient delivery of goods and services. This can lead to increased customer satisfaction, as consumers receive their desired products or services in a more timely manner.Enhanced Quality Control: When businesses deal directly with manufacturers or suppliers, they have better oversight of the production process, ensuring the quality of the products they sell. This can help to maintain or improve the reputation of a brand or company.Direct Communication: Eliminating middlemen enables businesses to communicate directly with suppliers and customers, fostering stronger relationships and better understanding of the needs and desires of both parties. This can lead to improved products and services, as well as greater customer loyalty.Increased Profits: By reducing costs and increasing efficiency, businesses can potentially experience higher profit margins. With fewer intermediaries to pay, the company can keep a larger share of the revenue generated by its products and services, allowing for reinvestment or distribution to stakeholders.Learn more about middlemen:
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Which of the following scenarios best demonstrates an employee being responsible? A. Sophia greets each customer with a smile. B. Juan listens to coworkers and lets them finish talking before he speaks C. Fredrick volunteers to help on a project beyond his normal duties. D. Gabriel stays late after work to finish a task that is due.
Answers
Answer:
D. Gabriel stays late after work to finish a task that is due.
Explanation:
The scenario that best demonstrates an employee being responsible is: “Gabriel stays late after work to finish a task that is due.” Hence, option D is correct.
What is the meaning of scenario?Scenarios are purposefully casual, open-ended, and fragmentary narrative representations of important usage circumstances taking place throughout time.
A usage scenario is a description of how a person would employ a current system or product. A design scenario is a description of how a system or product that is currently under development will be used.
In literature, a scenario can refer to a summary of what is happening and the current circumstances. While a scenario and a situation are very similar, the former hasn't occurred and the latter may never do so. scenario definitions a suggested timeline of potential outcomes.
Therefore, option D is correct.
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When consumers in the United States buy products made by China, they are buying imported goods.
True or False
Answers
According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.
developing recommendations to improve medical care
o promoting the best use of land and resources
developing plans for growth and renewal
promoting campaigns for political elections
reviewing applications for government assistance
Answers
Answer:
Got it right on Edge!
Explanation:
Promoting the best use of land and resources and developing plans for growth and renewal are the tasks performed by Urban and Regional Planners.
Who are Urban and Regional Planners?Among other areas of interest, urban and regional planners may choose to specialise in topics like transportation planning, community development, historic preservation, or urban design. Public servants, civil and environmental engineers, architects, attorneys, and real estate developers are all common collaborators with planners.
Urban and regional planners design land use plans and policies that support the development of communities, population growth, and the renewal of physical infrastructure.
Therefore, the tasks that Urban and Regional Planners perform are promoting the best use of land and resources developing plans for growth and renewal.
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Suppose that the six-months interest rate in New York is 6 percent and the six-months interest rate in London is 5 percent, and that the spot rate is £0.52/$ (e=d/f ) and the six-months forward rate is £0.49/$ (eF =d/f). If UK is the domestic country, what is the covered interest differential? Type in your answer below and show all your workings or upload a file.
Answers
The covered interest differential is -0.654%.
To calculate the covered interest differential, we need to compare the domestic interest rate (London) with the foreign interest rate (New York) adjusted for the forward exchange rate. Here's the formula for covered interest differential:
Covered Interest Differential = Domestic Interest Rate - (Foreign Interest Rate * (Forward Rate / Spot Rate))
Using the given values:
Domestic Interest Rate (London) = 5%
Foreign Interest Rate (New York) = 6%
Spot Rate (e) = £0.52/$
Forward Rate (eF) = £0.49/$
Covered Interest Differential = 5% - (6% * (0.49 / 0.52))
Now, we can calculate the covered interest differential:
Covered Interest Differential = 5% - (6% * 0.9423) = 5% - 5.654% = -0.654%
The covered interest differential is -0.654%. This means that the return on a covered investment in the UK is 0.654% less than the return on a similar investment in the US when accounting for the forward exchange rate.
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Which of the following elements comprise strategic management? (Check all that apply.)Multiple select question.a. formulationb. implementationc. realizationd. analysise. definition
Answers
The three main components of strategic management are strategic analysis, strategic choice, and strategy implementation.
Which components make up strategic management?Strategic management frequently entails strategy assessment, internal organization analysis, and company-wide strategy implementation.
What are the five components of strategy?These five components of strategy are arenas, differentiators, vehicles, staging, and economic logic. Donald Hambrick and James Fredrickson, two strategists, created this paradigm.
What are the fundamental four components of strategy?Visioning, goal-setting, resource allocation, and prioritization are the four most commonly acknowledged fundamental elements of corporate strategy.
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The epicurean society is holding its annual election for president. The three candidates are a, b, and
c. Twenty percent of the voters like upper c the most and upper a the least. Forty percent of the voters like upper a the most and upper c the least. Of the remaining 232 prefer upper b to upper c and upper c to upper a, and 696 prefer upper b to upper a and upper a to upper
c. Write out the preference schedule for this election.
Answers
Answer and Explanation:
Please find answer and explanation attached
