We already know that reduced form equations being estimated separatly will be biased and inconsistent, but can the reduced form coefficients be estimated EFFICIENTLY by OLS applied each equation separately? Why?
Answers
Reduced form coefficients can be estimated efficiently by the OLS applied each equation separately. Let's discuss the reason below.OLS stands for Ordinary Least Squares.
It is an estimation technique used to estimate the parameters of the linear regression model. Reduced form equations are sets of linear equations that connect endogenous and exogenous variables that help in predicting the endogenous variable. These coefficients are estimated by OLS applied to each equation separately. The reduced-form approach can be used to estimate the coefficients of the endogenous variable's simultaneous equations model.
These equations can be written asX = β1 + β2Y + γ1Z1 + γ2Z2 + u1Y = δ1 + δ2X + θ1Z1 + θ2Z2 + u2Here, u1 and u2 are error terms. Now, if we solve these equations for X and Y, we can get the reduced form equations.X = α1 + α2Z1 + α3Z2 + ε1Y = β1 + β2Z1 + β3Z2 + ε2Here, ε1 and ε2 are the error terms of the reduced-form equations.
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Related Questions
When McDonald's and other fast food restaurants offer "value menu" items at surprisingly low prices, they are most likely using ________ pricing.
Answers
Answer:
Good value, is the right answer.
Explanation:
The given blank will be filled by “good value” because when a restaurant charges or offer a value menu it means that it is just making a minimum profit in order to attract the customers. However, charging a lower price which makes minimum profit results in the good value pricing process. Additionally, good value pricing is a technique to increase their sales.
In a restaurant or fast food service meal menu is planned in such a way that seems to have less costly items as contrasted to other products of the place.
The correct answer for the blank is:
Good value
By creating these types of menus the eateries and the service place makes a minimum profit.Due to less pricey items, the shoppers are tempted and a large number of customers order from those value menus.So, it is a system by which the establishment earn the smallest profit and a safe value by placing value menus.Therefore, value menus are good value.
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if the risk free rate is 8% and the market risk premium is 7%, the analyst is least likely to recommend buying:
Answers
If the risk-free rate is 8% and the market risk premium is 7%, the analyst would be least likely to recommend buying an investment or stock that has a lower expected return than the risk-free rate.
In this scenario, the risk-free rate represents the return an investor can earn without taking on any risk, typically associated with government bonds or other low-risk investments. The market risk premium represents the additional return an investor expects to earn by investing in the overall market compared to the risk-free rate. If an investment or stock has a lower expected return than the risk-free rate (8%), it implies that it carries a higher level of risk or uncertainty. As such, the analyst would be less likely to recommend buying this investment because it would not offer sufficient compensation for the additional risk taken.
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the practice of outsourcing operations overseas, usually by companies from industrialized countries to less-developed countries, with the intention of reducing the cost of doing business
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Offshoring is the practice of outsourcing activities abroad, usually to less developed countries, by firms with the intention of reducing operating costs.
What is offshoring?Offshoring is the process of outsourcing operations abroad, typically by businesses from rich nations to less developed nations, with the goal of lowering operating costs.Offshoring is the process of moving a commercial operation, such as manufacturing, or a supporting operation, such as accountancy, from one nation to another. Offshoring is typically associated with a corporation, though state governments may also use it. In insourcing, the tasks are carried out independently within the business, wherever it may be. Contrarily, activities that are outsourced are carried out within the organization to which they are assigned. Both domestically and internationally can be outsourced.Therefore, offshoring is the practice of outsourcing activities abroad, usually to less developed countries, by firms with the intention of reducing operating costs.
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A life insurance applicant's answers on the application indicate that they in good health. In fact, the applicant actually has a disease that they are not aware of. The statement on the application is considered: A Fraudulent B A warranty C A concealment D A representation
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The north american free trade agreement (nafta) went into effect on january 1, 1994. this agreement removed most barriers to trade and investment among the united states, canada, and mexico. this agreement is an example of how the the united states takes part in a:_____.a. regulatory organization b. military agreement c. global economy d. financial agreement
Answers
The North American Free Trade Agreement (NAFTA) is an example of how the United States takes part in a regional trade agreement.
Regional trade agreements (RTAs) are agreements between two or more countries in a geographic region to reduce barriers to trade and investment. These agreements typically involve the elimination or reduction of tariffs, quotas, and other trade barriers, and may also include provisions related to intellectual property rights, labor standards, and environmental protection.
NAFTA is one of the largest and most comprehensive regional trade agreements in the world, covering a population of over 460 million people and a combined GDP of more than $23 trillion. Since its implementation in 1994, NAFTA has had a significant impact on trade and investment in North America, and has been credited with creating jobs, boosting economic growth, and promoting closer ties between the United States, Canada, and Mexico.
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cash receipts from sales of property plant and equipment (ppe)are cash flows arising from?
Answers
Answer:
Investing activities
Explanation:
Investing activities refer to the activities of purchasing and selling long-term assets or other investment instruments. Cash flow from investing activities is among the three primary sources of a business's cash flows as recorded in a cash flow statement.
Other activities that are considered investing activities include
Acquisitions of other firms or businessesIncomes from the sale of other businesses Purchases or sale of marketable securities such as shares, bonds, etcSelect the ways by which a company can understand its own ability to meet customer needs. (Check all that apply.) Multiple select question. It should consider its production capabilities. It should evaluate its own financial condition. It should understand the skills of its marketing department. It should poll its employees to see what they want the company to produce. It should consider the trade-off between wages and fringe benefits.
Answers
The ways where the company could understand have the capability for meeting out the customer needs are as follows:
The production capabilities should be considered.The financial condition should be evaluated.The marketing department's skills should be understable.The following information related to the customer needs:
It is a motive where the customer is prompted to purchase the product or service.It watched the customer needs as an opportunity for resolving out or distributing the excess value back to the real purpose.Therefore we can conclude that the above statements should be considered.
And, the other options should be ignored.
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Issuing debt instead of new equity in a closely held firm more likely causes owner-managers to?
Answers
Issuing debt instead of new equity in a closely held firm is more likely to cause owner-managers to retain greater control and ownership of the company.
When a closely held firm decides to issue debt, such as obtaining a loan or issuing bonds, it allows the company to raise funds without diluting ownership or giving up control to outside investors. Owner-managers prefer this approach because it enables them to maintain a larger stake in the company and retain decision-making authority.
By opting for debt financing, owner-managers can leverage their existing assets or cash flows to secure the necessary funds. This allows them to retain ownership of the business while accessing the capital needed for various purposes, such as expansion, acquisitions, or working capital requirements.
Additionally, choosing debt over equity can have tax advantages. Interest payments on debt are typically tax-deductible, which can result in lower overall tax obligations for the company.
Overall, issuing debt instead of new equity in a closely held firm aligns with the objective of owner-managers to preserve control and ownership, retain decision-making authority, and potentially benefit from tax advantages associated with debt financing.
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As Manager-on-Duty (MOD), Marta wants to focus the efforts of the engineering department on handling possible problems caused by the impending snowstorm. What might this entail?
Answers
The responsibility of a manager on duty is to supervise business activities within a store or a specific department, guaranteeing effective staff performance.
What is a Manager?The original understanding of managers defines a manager as anyone who oversees the operations of individuals. Simply, managers oversee the operations of others to accomplish objectives. In the modern workplace, managers could be in control of systems or particular functions which does not include human individuals.
The majority of managers also tend to be leaders, but only if they Suitably perform the Government. Governance Managerial Functions, Which Would include communication, motivation Supplying Inspiration, And Unfortunately, not all middle managers.
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the rac is a program that came out of an unsuccessful demonstration program that used recovery auditors in healthcare settings to look for overpayments and underpayments and help with identifying future improper payments and lowering the overall error rate for processing a medicare claim. true or false
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The following statement "the rac is a program that came out of an unsuccessful demonstration program that used recovery auditors in healthcare settings to look for overpayments and underpayments and help with identifying future improper payments and lowering the overall error rate for processing a medicare claim' is False.
The Social Security Administration (SSA) launched the Medicare national health insurance programme in 1965. The Centers for Medicare and Medicaid Services presently oversees the program (CMS).
In addition to certain younger persons with disability status as assessed by the SSA, such as those with end-stage renal illness and amyotrophic lateral sclerosis, it primarily provides health insurance for Americans aged 65 and older. According to the 2019 Medicare Trustees Report, more over 59.9 million people received health insurance via Medicare in 2018, including over 52 million seniors and nearly 8 million younger people.
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COMPARE and contrast the terms scarcity and shortage and provide examples of each.
Answers
Answer:
Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.
spot exchange, contracts, and vertical integration are all methods of procuring (one word). need help? review these concept resources.
Answers
spot exchange, contracts, and vertical integration are all methods of procuring Inputs.
What are contract spot exchange? What are its Benefits?
The most popular foreign exchange products used by companies and individuals who want to make an immediate transfer to buy or sell foreign currency at the current exchange rate are called spot contracts.
The client confirms and books the spot contract (day of trade). The client transfers funds via bank transfer to the holding account of the foreign exchange broker. prior to its conversion to the new currency and insertion into the beneficiary account.
Benefits
Spot contracts give you the option to transfer money right away into another currency if you need it right away. If the value of the base currency you are moving from suddenly rises, it may be advantageous to transfer money. Alternately, you predict a sizable unfavorable change in either currency as a result of recent or impending events.
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What company most likely relies almost solely on B2B transactions in their course of business?
Answers
A company that most likely relies almost solely on B2B transactions in their course of business is a supplier or wholesaler.
These businesses typically sell products or services in large quantities to other businesses, rather than directly to individual consumers. They may specialize in providing materials or goods to other businesses that need them to operate, such as construction companies, manufacturers, or retailers.
B2B transactions are important for these companies because they allow for larger sales volumes and long-term contracts, which can be more profitable than individual consumer sales. Additionally, businesses tend to have more consistent and predictable purchasing patterns than individual consumers, which can help suppliers and wholesalers better manage their inventory and production.
One example of a company that relies heavily on B2B transactions is a chemical supplier that provides raw materials to manufacturers. These suppliers often have contracts with manufacturers for regular, recurring orders of specific chemicals, which can help them plan their production and manage their supply chain. Without B2B transactions, many of these types of businesses would struggle to sustain their operations and profitability.
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Step 1
You have been asked to help a business carry out a risk assessment. The owner isn’t too familiar with what he has to cover and which areas of the business should be considered. You need to create a simple plan for him to follow during the actual assessment. Your plan will cover the different aspects of risk assessment, such as business threats or financial risks and include examples of potential risks that may exist and affect the business in question. With your plan, the owner should be able to perform a thorough risk assessment later.
Step 2
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance. Be sure to mention important factors such as the influence of the business’s location, the number of employees, and the industry they are in.
Answers
The aspects of the risk management would be:
identification of risksrisk management planthe monitoring and the review of the planWhat is to be done in order to access the aspects of the risk?Here is a simple plan for conducting a risk assessment:
Identify the potential risks: This includes identifying the different types of risks that may affect the business, such as operational risks, financial risks, and compliance risks. Examples of potential risks include natural disasters, data breaches, and changes in government regulations.
Assess the likelihood and impact of each risk: Evaluate the likelihood of each identified risk occurring and the potential impact it would have on the business. This will help prioritize which risks need to be addressed first.
Develop a risk management plan: Based on the likelihood and impact of the risks, develop a plan to address and mitigate them. This can include putting in place preventative measures, such as implementing security protocols to prevent data breaches, or creating a disaster recovery plan to address natural disasters.
Monitor and review the plan: Regularly review and monitor the effectiveness of the risk management plan and update it as needed to ensure it remains current and effective.
Communicate and educate: Communicate the risk assessment plan and any identified risks to employees, stakeholders, and other relevant parties, and provide training and education to ensure they understand their role in implementing the plan.
It's also important to have a professional help you with the risk assessment, since there are many standards and regulations that you need to comply with.
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Diana's gross pay was $890 and her total deductions were $89. What is her net pay?
Answers
Explanation:
Greetings !
Diana's gross payment - Her deductions = Her net payment.
Thus, $890-$89=801$=Net payment of Diana.
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I will mark you as brainliest if you know what it is
Increasingly, a number of partnerships have been formed to provide needed transportation services between _____.
the public and private sector
the social and private sector
a coalition of social sector organizations
none of the above
Answers
Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year $481,250
Estimated direct labor-hours at the beginning of the year 35,000 direct labor-hours
Results of operations:
Actual direct labor-hours 40,000 direct labor-hours
Manufacturing overhead:
Indirect labor cost $ 179,000
Other manufacturing overhead costs incurred $ 465,000
Answers
Answer:
The results are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 481,250 / 35,000
Predetermined manufacturing overhead rate= $13.75 per direct labor hour
Now, we allocate overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 13.75*40,000
Allocated MOH= $550,000
Finally, the under/over applied overhead and the closing to cost of goods sold:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 644,000 - 550,000
Underapplied overhead= $94,000
When overhead is underapplied, we need to debit the cost of goods sold.
COGS 94,000
Manufacturing overhead 94,000
Laurel contributed equipment worth $200,000, purchased 10 months ago for $250,000 cash and used in her sole proprietorship, to Sand Creek LLC in exchange for a 15 percent profits and capital interest in the LLC. Laurel agreed to guarantee all $15,000 of Sand Creek’s accounts payable, but she did not guarantee any portion of the $100,000 nonrecourse mortgage securing Sand Creek’s office building. Other than the accounts payable and mortgage, Sand Creek does not owe any debts to other creditors.a. What is Laurel’s initial tax basis in her LLC interest?
b. Laurel’s holding period in the partnership interest begins the day the LLC interest is acquired. True or False?c. What is Sand Creek’s initial basis in the contributed property?
d. What is Sand Creek’s holding period in the contributed property?
Answers
Answer:
A. $280,000
B. TRUE
C. $250,000
D. 10 MONTHS
Explanation:
a. Calculation for the initial tax basis of Laurel’s
Using this formula
Initial tax basis=Equipment Basis +Accounts payable+Nonrecourse mortgage
Let plug in the formula
Initial tax basis= $250,000+ $15,000+(15%*$100,000 )
Initial tax basis=$250,000+ $15,000+$15,000
Initial tax basis= $280,000
Therefore the Initial tax basis will be $280,000
b. TRUE. The holding period begins or start the day the interest was acquired reason been that the equipment which is the asset that Laurel contributed is not in anyway a capital.
c. Based on the information given the initial basis in the property that was contributed will be the amount of $250,000
d. Based on the information given the holding period in the property that was contributed is 10 MONTHS reason been that we were told that the equipment which Laurel contributed was worth the amount of $200,000 which was purchased 10 MONTHS ago for the amount of $250,000 to Creek LLC for the exchange of profit as well as the capital interest in the LLC of 15% .
when a manufacturing company has a highly automated manufacturing plant producing many different products, what is probably the most appropriate basis of applying overhead costs to products?
Answers
The most appropriate basis for applying over head costs to product is Machine hours.
The machine-hour is a unit of measurement for applying manufacturing overhead to manufactured items. It is especially useful in machine-intensive contexts where the amount of time spent by a machine processing is the most significant activity on which overhead allocations might be based. When there are few machines in production, worker hours are more commonly used to distribute manufacturing overhead to produced items.
It is determined by dividing the machine's manufacturing costs for a certain time period by the number of hours the machine operated during that time. In order to recover or take care of production overheads, the machine hour rate is determined.
In industries where machines perform the majority of the work, this approach of recovering overhead costs is used. The majority of these companies' production costs are related to machine operations.
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how did stock market activity on october 29, 1929, contribute to the great depression?
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Stock market activity on October 29, 1929, contributed to the Great Depression as it led to the most devastating stock market crash in the history of the United States.
The stock market crash eventually led to the closure of banks and other financial institutions, resulting in massive job losses, decrease in demand and production, and a significant decline in the overall economy. The stock market crash of October 29, 1929, also known as "Black Tuesday," marked the beginning of the Great Depression. The stock market crash led to the loss of a vast amount of money by many investors, and it eventually led to the closure of numerous banks and financial institutions that had invested heavily in the stock market.
The banking system's closure led to the reduction in money supply and credit, leading to a decrease in demand for goods and services as well as production. A lot of businesses went bankrupt due to the lack of credit and demand for their goods and services, leading to massive job losses across the country. The high unemployment rates led to decreased consumer spending, which further decreased demand for goods and services, eventually leading to an overall decline in the economy. The Great Depression lasted for more than ten years, and it had a significant impact on the United States and the global economy. It forced the government to introduce economic policies that aimed at stabilizing the economy, and it marked a significant change in the country's political and social landscape.
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Structured and semi-structured interviews were developed to address what main problem? 1. Clinicians and researchers had tremendous difficulty in making consistent and accurate diagnoses of mental disorders with unstructured clinical interviews 2. The DSM used during development of structured interviews was not field trialed and resulted in disorders with weak validity 3. Insurance companies did not cover visits with diagnoses resulting from a structured interview 4. None of the above
Answers
Structured and semi-structured interviews were primarily developed to address the main problem of clinicians and researchers having tremendous difficulty in making consistent and accurate diagnoses of mental disorders with unstructured clinical interviews option (1).
Unstructured clinical interviews lacked standardized procedures, leading to variability in the way questions were asked and information was gathered. This lack of structure made it challenging to compare and analyze data across different interviews and clinicians, resulting in inconsistent diagnoses and decreased diagnostic reliability.
Structured interviews were designed to overcome this problem by providing a standardized set of questions and a systematic approach for gathering information. These interviews typically include a predetermined set of questions with specific response options, ensuring consistent data collection across different interviewers and settings. By using a structured format, clinicians and researchers can obtain more reliable and valid diagnostic information, leading to improved consistency in diagnosing mental disorders.
The other options mentioned in the question are not the main problems that structured and semi-structured interviews were developed to address. While the DSM's field trialing and insurance coverage are relevant considerations, they are not the primary reasons for the development of structured interviews.
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I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answers
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
who guarantees that a futures contract will be fulfilled? the broker the clearinghouse nobody the buyer the seller
Answers
The clearinghouse guarantees that a futures contract will be fulfilled. A broker's attorney plays a crucial role in safeguarding the legal rights and interests of brokers in their professional activities.
A broker's attorney is a legal professional who specializes in providing legal advice and representation to brokers or brokerage firms. They have expertise in various areas of law relevant to the brokerage industry, such as securities law, contract law, compliance, and regulatory matters. Broker's attorneys assist brokers in navigating legal complexities, ensuring compliance with regulations, and protecting their interests. They may help with drafting and reviewing contracts, handling disputes or litigation, advising on regulatory compliance, and representing brokers in negotiations or legal proceedings. A broker's attorney plays a crucial role in safeguarding the legal rights and interests of brokers in their professional activities.
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the deadweight loss from a $3 tax will be largest in a market with?- inelastic supply and elastic demand.- inelastic supply and inelastic demand.- elastic supply and inelastic demand.- elastic supply and elastic demand.
Answers
As a result of discouraging consumers from buying things that are more expensive after the tax than they would have been without it, taxes generate deadweight loss.
In the scenario when supply is more inelastic, is the deadweight loss greater or smaller?The consumer will be more responsible for paying the tax and there will be less deadweight loss the more inelastic the demand is in relation to supply. The provider bears the tax burden more heavily and the deadweight loss is reduced the more inelastic the supply is compared to the demand.
Which group, elastic or inelastic, is subject to taxes more severely?Buyers bear the majority of the tax burden since supply is more elastic than demand. When demand is more elastic than supply, the producers bear the bulk of the tax burden. More strictly elastic factors like supply and demand are less elastic than revenue receipts.
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What do you mean by search of trade?Why is it essential?
Answers
Answer:
trade means buying and selling good and service
Answer:
it takes time,resourses and money to creat and luanch distinctive and affective brands..in most instances,trade searching id an important first step in any trade registration to avoid adopting brans that infrige third-party trademark rights.
If something happens to alter the quantity supplied at any given price, then.
Answers
Change in quantity supply will lead to a shift in supply curve.
What is change in supply?Change in supply lead to a shift in the supply curve either to the left or right.
This occur in the price to quantity relationship which defines a supply curve.
This change often makes the supply curve becomes steeper and flatter.
Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.
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The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed.
Answers
The difference between the balance of a fixed asset account (Property, Plant, and Equipment) and the balance of its related accumulated depreciation account is termed the book value of the asset.
What is a fixed asset?A fixed asset is a long-term asset used in the production of goods and services. Normally, fixed assets include property, plant, and equipment (PP&E). Fixed (tangible) assets appear on the asset side of the balance sheet.
The Accumulated Depreciation account sums up depreciation expenses recorded in previous periods.
Thus, the difference between the fixed asset and its accumulated depreciation is the book value or net book value.
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if equipment is purchased specifically for one research and development project, the cost of the equipment is
Answers
PE is the equipment's vendor-purchased cost (someone selling the equipment). It is a significant contributor to the direct costs of TCI.
Although the cost of building the equipment is included, the costs of shipping and installation to the site are not. Software is specifically excluded from the definition of research equipment. Additionally, personal computers and printers are not permitted unless a strong argument can be made to demonstrate that they are employed directly in the execution of the research. These devices are regarded as generic office equipment.
When equipment is required for a research endeavour and is not currently fairly available and accessible elsewhere on campus, the purchase of that equipment may be started.
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With reference to a product or service of your choice, describe
any four (4) key criteria that you would consider for selecting
suppliers. (8 marks)
Answers
When selecting suppliers, key criteria include quality, reliability, cost-effectiveness, and ethical and sustainable practices to ensure consistent delivery and value.
Key criteria for selecting suppliers for a product or service include:
1. Quality: The supplier must have a track record of delivering high-quality products or services that meet or exceed the required standards. This ensures customer satisfaction and minimizes the risk of defects or failures.
2. Reliability: The supplier should be dependable and consistent in their delivery performance, meeting agreed-upon deadlines and quantities. This ensures that the supply chain remains uninterrupted and minimizes disruptions to operations.
3. Cost-effectiveness: The supplier's pricing should be competitive and provide value for money. Evaluating the total cost of ownership, including factors such as transportation, storage, and maintenance, is crucial for determining the long-term cost-effectiveness.
4. Ethical and sustainable practices: It is important to assess suppliers' commitment to ethical and sustainable practices, such as fair labor conditions, environmental responsibility, and adherence to applicable regulations. This helps maintain the reputation and values of the organization and mitigates potential risks associated with non-compliance.
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Explain how herbs are used in treating any
5 diseases
Answers
Answer:
An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.
Explanation:
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