when the treasury department borrows from the public to finance the government's purchases of goods and services, and the fed purchases the debt back from the public in the form of treasury bills, it is known as: a devaluing the currency. b monetizing the debt. c money illusion. d moral suasion. e structuring the deficit.

Answers

Answer 1

When the Treasury Department borrows from the public to support the government's purchases of goods and services and the Federal Reserve buys the debt back from the public in the form of Treasury bills, this is referred to as B- "monetizing the debt."

Monetizing the debt is a circumstance in which a central bank, such as the Federal Reserve in the United States, purchases government debt instruments from the public in order to infuse money into the economy.

This can occur when the government is unable to fund its spending through taxes and other income and must issue debt to meet its obligations . When the central bank purchases this debt, it increases the money supply, which can lead to inflation if the economy is not able to produce enough goods and services to match the increase in money.

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Related Questions

which of the following is true of first movers?a.the first mover is guaranteed instant success.b.the first mover has no opportunity to exploit network effects and positive feedback loops.c.the first mover cannot create switching costs for its customers to deter rivals.d.the first mover that creates a revolutionary product is in a monopoly position.

Answers

The statement that is true of first movers is: d. the first mover that creates a revolutionary product is in a monopoly position.

First movers are companies or individuals who are the first to introduce a new product, service, or innovation in the market. This gives them a competitive advantage, as they have the opportunity to establish their brand, build customer loyalty, and create barriers to entry for competitors. A revolutionary product has the potential to disrupt the existing market, and a first mover with such a product can indeed achieve a monopoly position. However, this monopoly position is not guaranteed and often depends on various factors, such as effective marketing strategies, strong intellectual property rights, and efficient supply chain management.

It is important to note that being a first mover does not guarantee instant success (a), and there are several examples of first movers who eventually lost their market position to competitors. Also, first movers can definitely exploit network effects and positive feedback loops (b), as they have the potential to create a user base that encourages more people to adopt their product or service, leading to an increase in demand and value. Moreover, first movers can create switching costs for their customers (c), by making it difficult or expensive for them to switch to rival products, which helps in retaining customers and deterring competition.

In conclusion, first movers who create revolutionary products can achieve a monopoly position, but this is not guaranteed, and they must actively work on maintaining their advantage in the market. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

which of the following is true of first movers?

a.the first mover is guaranteed instant success.

b.the first mover has no opportunity to exploit network effects and positive feedback loops.

c.the first mover cannot create switching costs for its customers to deter rivals.

d.the first mover that creates a revolutionary product is in a monopoly position.

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When your tire blows out in the middle of a drive, you should

Answers

You should tap the breaks repeatedly and pull over

get out of the car and change it

which of the following is the best example of an individual product? group of answer choices 6 types of cars 3 types of fruit pears six brands of cookies a 12 oz. size of pert plus

Answers

12 oz. size of pert plus is the best example of an individual product.

Setting the appropriate product characteristics is the first step in individual product choices. Branding must be done correctly for the product to stick out from the competitors. The merchandise must be well-packaged to be protected during delivery. Labeling should be done in a distinctive manner that conveys all relevant product information and draws in consumers. To improve client satisfaction and obtain a competitive edge, product-support services are necessary. The salesman needs to spell out exactly what advantages his product offers. Products' quality, features, and design all contribute to and show the advantage. Consumer responses to a product are significantly influenced by product feature choices.

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What decision did a london court reach in this case?

Answers

The London court in this case found that Brown did not violate copyright law with the writing of "The Da Vinci Code," but he should have asked for permission to use some of the central ideas and themes from "The Holy Blood and the Holy Grail."

What was the court pronouncement?

The case refers to a famous 2006 copyright infringement case at the High Court in London involving Dan Brown's best-seller The Da Vinci Code and Michael Baygent and Richard Lee's non-fiction book, Holy Blood and the Holy Grail.

The court found that Dan Brown did not infringe copyright and that Baigent and Leigh's book was not infringed. However, the court ruled that Brown should have acknowledged their work and asked their permission before using their ideas in his book.

Therefore, the correct answer is as given above.

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The complete question goes thus:

What decision did a London court reach in this case? The writing of The Da Vinci Code did not violate copyright law. The writing of The Holy Blood and the Holy Grail did not violate copyright law. Brown should have asked permission from Baigent and Leigh to use their ideas. Baigent and Leigh should have asked permission from Brown to use his ideas.

what roles do entrepreneurs play in the economy?

Answers

Entrepreneurs create employment opportunities not only for themselves, but also for others.

Entrepreneurial activity can affect a country's economic performance by introducing new products, methods and production processes into the market, promoting productivity and competition more broadly.

Entrepreneurship is a general term for starting a business. For example, Howard Stevenson of the Harvard Business School defines entrepreneurship as "the pursuit of opportunities beyond the control of resources" and defines it as the process of a employment company, rather than at a specific point such as founding or founding a company. I see it as a kind of approach. A specific person within a company, such as a founder.

As discussed below, there are several complicating factors in the relationship between entrepreneurship, economic growth, development and well-being, but entrepreneurship driving economic growth is important. However, this is not a panacea and, as we will discuss below, broader economic conditions other than entrepreneurship are important in determining whether economic growth will occur.

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(c) junior audit team member wonders if the overall audit
strategy and the audit plan would be fixed for the entire audit
engagement. Explain your view to him/her.

Answers

No, the overall audit strategy and the audit plan are not fixed for the entire audit engagement. They are subject to adjustments and changes based on new information, emerging risks, and changes in circumstances encountered during the audit process.

The junior audit team member that while the audit strategy offers a structure for audit engagement, the audit plan may change. The audit plan takes into account the client's business, industry, and inherent risks. The audit is guided by it. The audit plan, on the other hand, details the processes, timing, and resources needed to meet audit objectives. The auditor's risk assessment and knowledge of the client's internal controls and processes inform the audit plan. It's vital to note that the audit plan may change during the engagement. As the audit progresses, the auditor may uncover unanticipated concerns or changes in conditions that require plan revisions. The auditor can adjust to new facts or hazards during the audit with this flexibility.

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add criteria to this query to return only the records where the value in the credits field is greater than 120 and less then 130

Answers

To add criteria to the query and return only the records where the value in the "credits" field is greater than 120 and less than 130, you can use the following SQL statement:

sql
SELECT *
FROM table_name
WHERE credits > 120 AND credits < 130;
Here's a step-by-step explanation of the SQL statement: 1. `SELECT *` is used to select all columns from the table. You can replace `*` with the specific columns you want to retrieve if needed. 2. `FROM table_name` specifies the name of the table you are querying. Replace `table_name` with the actual name of the table you are working with.

3. `WHERE credits > 120 AND credits < 130` is the criteria that filters the records based on the "credits" field. It checks if the value in the "credits" field is greater than 120 and less than 130. By adding this criteria to the query, only the records that meet the specified conditions will be returned. You can adapt this SQL statement to your specific database and table names.

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What are 20 things to do at home when I have nothing to do and have done all my online school?

Answers


1. Eat a carrot
2. Vomit because carrots are disgusting
3. Play video games DUHH
4. Don’t waste your time on brainly

A job applicant identifies preparing contract documents for construction managers as something the applicant considers
a core task. For what job is the applicant likely to be applying?

building inspector
carpenter
architect
mason

Answers

Answer:

architect

Explanation:

i got it right on edge

During selection, a job applicant’s past performance, experience and education are all examples of ____________.
a) Group of answer choices
b) elements of job performance
c) selection criteria
d) predictors of selection criteria
e) none of the suggested answers is correct

Answers

During selection, a job applicant’s past performance, experience and education are all examples of selection criteria. The correct answer is option(c).

Several criteria are taken into account while choosing a job candidate in order to determine their appropriateness for the role. These elements—also referred to as selection criteria—help employers assess the credentials, competencies, and qualities of applicants. Past performance, experience, and education are key factors among these requirements.

Past performance refers to a candidate's record in prior positions or tasks. Employers might evaluate their capacity to carry out duties proficiently, meet goals, and meet expectations. Examining prior performance might reveal information about a candidate's work ethic, abilities, and general ability.

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Suppose that the World demand for coffee continues to rise, and the Brazilian government keeps investing in the coffee industry but also begins to spend some of its coffee revenue on the country’s non traded service sector. According to the introductory article, which of the following accurately describe the long-term outcome of the high demand for coffee on the market for medical equipment. Check all that apply.
A. The manufacturing sector continues to lose resources due to the spending effect.
B. The manufacturing sector continues to lose resources due to the resource movement effect.
C. As the supply for medical equipment adjusts, the workers begin to return to the manufacturing sector.
D. The manufacturing sector loses its international competitiveness.
E. Brazil’s dependence on coffee revenues increases.

Answers

the answer is A the manu
Final answer:

The increased demand for coffee and the Brazilian government's response likely leads to a resource movement effect and a spending effect, causing the manufacturing sector to lose resources and potentially reduce its international competitiveness.

Explanation:

Given the rise in demand for coffee, the Brazilian government's continued investment in the coffee industry would potentially lead to a resource movement effect where resources are shifted from the manufacturing sector towards the booming coffee industry. This would lead to option B: The manufacturing sector continues to lose resources due to the resource movement effect.

Simultaneously, the increased spending on the country’s non-traded service sector would cause a spending effect, further diverting resources from the manufacturing sector, hence option A: The manufacturing sector continues to lose resources due to the spending effect, is valid.

Consequently, suc  shift in resource allocation could underminethethe manufacturingg sector's  sector'scompetitivenessr on the global stage, validating option D: The manufacturing sector loses its international competitiveness. However, linking this effect directly with the market for medical equipment requires additional specific factorsor assumptionss thath are not provided in the question.

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Fill in the gaps using second conditional. /2
If she (know) __________ the answer, she would win the prize.
If I (be) ___________ a rich man, I would buy a Mercedes Benz.
They would stay longer, if they (has) _________ more time.
If I (understand) __________ what the teacher said, I could tell you.​
plz tell hurry

Answers

Answer:

knew

were

had

understood

Help please!!
Andrew is a software professional. He wants to join a group of software professionals on a networking site to remain updated on latest software trends. Which networking site should Andrew join?

Help please!!Andrew is a software professional. He wants to join a group of software professionals on

Answers

Answer:

Linkedin

Explanation:

it specializes in that department

Andreas is giving a speech to convince audience members that they can become millionaires by investing 20% of their income in stocks or real estate. He uses a microphone to make sure they can hear him. As he is

Answers

Andreas is giving a speech to convince the public that they can become millionaires by investing 20% of their income in stocks or real estate. He uses a microphone to ensure they can hear him. As he speaks, it starts to rain heavily, so he closes the windows.

After he finishes, listener Aya thanks him and says she didn't realize how quickly the investments can grow, being the action of using the microphone to the speech channel effective so that Andreas could carry out his speech without being interrupted by external noises.

How to make a good speech

It is essential that the speaker prepares in advance for his presentation, which will generate greater confidence that helps to retain more attention from the audience.

It is essential to know in depth about the topic to be discussed and to use support materials that make the presentation more dynamic and engage the public to participate and be interested in the subject.

Therefore, it is essential to prepare in advance for a speech, just like Andreas, who prepared and used the microphone in the speech channel to establish better communication during his presentation.

This is an incomplete question, whose alternatives to the question "Which action concerns the speech channel?" they are:

A. Using the microphone

B. Closing the windows

C. Thanking the speaker

D. Investment income

And the correct alternative is letter A.

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Evaluate the following statement: "Sales taxes always generate a deadweight loss (as long as we ignore the cases which are perfectly inelastic). Therefore, it is a bad policy for governments to raise revenues through sales taxes. Instead, governments should look to other ways of raising revenues (such as selling lotteries, auctioning mining rights, creating for profit crown corporations, head taxes, etc.)." (10 Marks, 150 words Max)

Answers

The statement is not entirely accurate. While it is true that sales taxes can generate deadweight loss under certain conditions, it does not mean that they are always a bad policy for governments to raise revenues. There are several factors to consider when evaluating the impact of sales taxes and alternative revenue-raising methods.

Deadweight Loss: Deadweight loss occurs when the imposition of a tax leads to a reduction in economic efficiency and overall welfare. Sales taxes can create deadweight loss if they distort consumer behavior and result in reduced market activity. However, the magnitude of deadweight loss depends on factors such as price elasticity of demand and supply.

Efficiency and Equity: Sales taxes can be relatively efficient in terms of revenue collection due to their broad base and ease of administration. They also have the potential to promote equity by shifting the tax burden to consumption, which is generally more proportional to income.

Alternative Revenue Sources: While governments can explore alternative revenue sources like lotteries, auctioning rights, or creating for-profit crown corporations, these may not always be sustainable or reliable sources of revenue. They may also introduce other societal concerns such as increased gambling or monopolistic practices.

Sales taxes are not inherently bad policies for governments to raise revenues. The impact of sales taxes on deadweight loss and economic efficiency depends on various factors. Governments should carefully consider the trade-offs between different revenue-raising methods, taking into account efficiency, equity, sustainability, and societal implications. A diversified revenue mix may be the most effective approach, combining different tax sources and alternative revenue-generating strategies.

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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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suppose that the cost of producing x sheets of paper is c=f(x) dollars. (a) what are the units of f′(x)? (write each word in its entirety, in lower case). units:

Answers

The units of f'(x) are "dollars per sheet of paper."The derivative of a function represents the rate of change of the function with respect to its input variable.

In this case, f'(x) represents the rate of change of the cost of producing x sheets of paper with respect to the number of sheets produced. Therefore, the units of f'(x) are the units of cost divided by the units of the input variable, which in this case is "dollars per sheet of paper."


The units of f'(x) can be derived using the definition of the derivative. The derivative of a function f(x) is defined as:

f'(x) = lim (h->0) [f(x+h) - f(x)] / h

where h represents a small change in the input variable x. In this case, x represents the number of sheets of paper produced and f(x) represents the cost of producing x sheets of paper. Therefore, the units of f(x) are "dollars" since it represents a cost.

To find the units of f'(x), we need to divide the units of f(x) by the units of h. Since h represents a small change in the input variable x, its units are the same as the units of x, which in this case is "sheets of paper."

Therefore, the units of f'(x) are:

dollars / sheets of paper

Simplifying this expression, we get:

dollars per sheet of paper

This represents the rate of change of the cost of producing a single sheet of paper with respect to the number of sheets produced.

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Maria earned $5,250 , $4,800 , $3,990 , and $5,120 from her home business during the last four months. What was her average monthly income during this period?​

Answers

Answer:

$ 4,790 was her average monthly income~

Explanation:

    Given;

    Earned $5,250 , $4,800 , $3,990 , and $5,120 from her home  

    business during the last 4 months.

    To find;

    What was her average monthly income during this period?

Add the earnings

        ( $ 5, 250 + $4, 800 + $3, 990 + 5, 120 )

         = 19, 160

The answer you get by adding the earnings, divide that by 4.

          19,160 ÷ 4 =

           4,760

     And you’re done! ✔️

→ ( sorry for answering it late ) ←

The downward-sloping portion of the long-run average cost curve is a result of.

Answers

The downward-sloping portion of the long-run average cost curve is a result of economies of scale. Economies of scale occur when the average cost of production decreases as the scale of production increases. In other words, as a firm expands its operations and increases its output, it can achieve cost savings and efficiency gains.

There are several reasons why economies of scale lead to a downward-sloping long-run average cost curve. First, fixed costs can be spread over a larger number of units as production increases. Fixed costs, such as building rent, machinery, and infrastructure, do not change with the level of output. When these fixed costs are distributed across a greater quantity of output, the average fixed cost per unit decreases, resulting in lower average costs.

Second, increased specialization and division of labor can lead to greater efficiency and productivity. As production volumes increase, firms can allocate tasks to specialized workers who become more skilled and efficient in their respective roles. This division of labor can result in time savings, reduced errors, and increased output per worker, leading to lower average costs.

Third, economies of scale can be realized through bulk purchasing and discounts. When firms buy inputs, such as raw materials or components, in large quantities, they can negotiate better prices and obtain volume discounts. This reduces the average cost per unit of input, contributing to lower production costs.

Additionally, larger firms may have access to more advanced technology and machinery, which can enhance productivity and reduce costs. They can afford to invest in research and development, innovation, and process improvements, leading to increased efficiency and economies of scale.

It is important to note that economies of scale may have limitations. At some point, as production continues to increase, the benefits of economies of scale may diminish or even turn into diseconomies of scale. This can occur when coordination and communication challenges arise, excessive bureaucracy hampers decision-making, or inefficiencies emerge due to the complexity of managing a large organization.

Overall, the downward-sloping portion of the long-run average cost curve reflects the cost advantages and efficiencies gained through economies of scale as firms expand their operations and increase their output.

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which of these is not part of the promotional mix?
a. direct selling
b. sales promotion
c. advertising
d. none of the above

Answers

d. none of the above are not part of the promotional mix.

All of the options (a, b, and c) are part of the promotional mix, which is a term used to describe the various tactics and strategies that a company can use to promote its products or services. Direct selling involves selling products or services directly to consumers, while sales promotion is a short-term incentive used to encourage customers to make a purchase. Advertising is the use of various media to communicate a message about a product or service to a large audience.

The promotional mix refers to the various marketing tools and techniques that organizations use to promote their products or services. The mix includes the four Ps of marketing: product, price, place, and promotion. The latter, promotion, includes different tactics and strategies to communicate with and influence potential customers.

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Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.

1. He will fill out the FAFSA form and send it in immediately.

2. He will ask his parents if they have a college savings account.

3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.

4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.

5. Upon graduation, he will start saving money for college.


Which statements identify errors in Jaiden’s plan? Check all that apply.

Answers

Answer:

-He should wait until his last year in high school to fill out the FAFSA.

-He should start saving right away. It is never too early to start a savings account.

-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.

-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.

Explanation:

When Paul listened to the presidential candidate debates, he heard one candidate proposing to increase taxes and the other candidate responding that this would cause firms to decrease production. How would this be described by an economist? Group of answer choices

Answers

Answer:

as taxes increase, there is a decrease in supply

Explanation:

Juan wants to start a lemonade stand to earn money. he needs money to purchase the materials before he can sell the lemonade and earn money. his mother agrees to loan him $10. he makes a list of the items he wants to buy. how much money do the supplies cost? how much money does he have to spend?

Answers

Juan needs to spend $3 from his pocket to start the lemonade stand to earn money.

To start the lemonade stand, Juan needs to purchase materials before selling his product and earning money. For this he needs money. His mother agreed to give him $10 as a loan to start a lemonade stand. To purchase the required item, he made a list of items to buy:

Cups $2Lemon $8Sugar $3

Add all the supply item prices to know how much money he required.

So

Price of cups + price of Lemon + Price of sugar

=$2 + $8 + $3 = $13.

He needs $13 to start the lemonade stand.

But his mother give him $10 as a loan, now the required money is

$13-$10=$3.

Juan needs to invest $3 from his pocket to start the lemonade stand and earn money.

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where did most business transactions occur during this period? why

Answers

The location of business transactions during a specific period of time is an important aspect of economic history. Depending on the time period and geographical location, the location of business transactions can vary widely.

During the medieval period, most business transactions occurred in marketplaces or fairs. These were large gatherings where merchants from different regions would come to trade goods.

During the Industrial Revolution, business transactions started to move away from marketplaces and fairs and into factories and workshops. With the development of new technologies and transportation systems, businesses were able to produce goods on a larger scale and transport them over greater distances.

In the modern era, most business transactions occur online through e-commerce platforms and digital marketplaces. The widespread use of the internet and mobile devices has made it easier for businesses and consumers to connect and conduct transactions from anywhere in the world.

The location of business transactions continues to evolve, and it is likely that new technologies and trends will continue to shape the way we conduct business in the future.

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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.

Answers

A family can have more than one person contributing to the household income for a better financial position.

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a state government borrows $2,000,000 at simple annual interest. some of the money is borrowed at 6%, some at 7.5%, and some at 8.5%. use a system of linear equations to determine how much (in dollars) is borrowed at each rate given that the total annual interest is $141,250 and the amount borrowed at 7.5% is four times the amount borrowed at 8.5%. solve the system of linear equations using matrices. at 6% $ at 7.5% $ at 8.5% $

Answers

If the total annual interest is $141,250 and the amount borrowed at 7.5% is four times the amount borrowed at 8.5%. amount borrowed at 6% is $750,000, at 7.5% is $1,000,000 at 8.5% is $250,000.

Amount borrowed

Let the amount borrowed at 8.5% be x.

at 8.5% = x

at 7.5% = 4x

at 6% = 2,000,000 - 5x

0.085x + 0.075(4x) + 0.06(2,000,000-5x) = 141,250

0.085x + 0.30x + 120,000 - 0.30x = 141,250

Collect like terms

0.085x = 21,250

Divide both side by 0.085

x = 21,250 / 0.085

x = 250,000

So the museum borrowed:

At 8.5% = 250,000

At 7.5% = 250×4 = 1,000,000

At 6% = 2,000,000 - 5(250,000) = 750,000

Check:

Total borrowed

250,000 + 1,000,000 + 750,000 = 2,000,000

Interest paid:

0.085(250,000) + 0.075(1,000,000) + 0.06(750,000) = 141,250

21,250 + 75,000 + 45,000 = 141,250

Therefore the at 6% is $750,000, at 7.5% is $1,000,000  and at 8.5% is $250,000.

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One of ____ 14 Points for Management states that an organization should cease dependence on inspection to achieve quality.

Answers

One of W. Edwards Deming's 14 Points for Management states that an organization should cease dependence on inspection to achieve quality. Deming, a renowned management consultant and quality control expert, emphasized the need for a systemic approach to quality management.

This point reflects Deming's philosophy of prevention over detection. He believed that focusing solely on inspecting and detecting defects after they occur is a reactive and inefficient approach. Instead, organizations should strive to prevent defects from happening in the first place by implementing effective quality control measures throughout the entire production or service delivery process.

Deming advocated for the concept of statistical process control, which involves monitoring and controlling the production process using statistical techniques. By establishing robust systems and processes, organizations can reduce variation, improve efficiency, and ensure consistent quality without relying heavily on inspection.

The goal is to build a culture of continuous improvement where quality is built into the processes rather than relying on inspection as the primary means of ensuring quality. This approach leads to greater efficiency, customer satisfaction, and overall organizational success.

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Date
Page
2
2) Marketing is meeting
needs
profitably!
Comment

Answers

Answer:

markeing

Explanation:

communication skills, credentials, honesty

Increasing "Training Hours" tends to:

A. Reduce the need for additional employees (Complement) while current employees are being trained

B. Increase the need for additional employees (Complement) while current employees are in training.

C. Has no impact on the number of employees (Complement) required

D. Increases the need for "Automation" to compensate for employees away from production lines due to training.

Answers

Answer:

D

Explanation:

true/false. according to the graph, in this economy there will be a tendency for: answer unselected both wages and prices to fall over time unselected prices to fall and wages to rise over time unselected both wages and prices to rise over time

Answers

The graph indicates that there will be a trend for a) prices and wages to decrease over time in this economy.

Due to the price inelasticity towards the output generated, the aggregate supply curve tends to get steeper as the GDP increases. The effect of pricing on output will continue to diminish as the economy approaches its potential level of output.

The long-run AS curve for the economy posits that wages and the prices of other resources will ultimately grow and decrease in accordance with shifts in the level of prices.

The total supply curve displays the amount of output—real GDP—that businesses will generate and market at each price point.

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Correct question:

According to the graph, in this economy there will be a tendency for

a) both wages and prices to fall over time

b) prices to fall and wages to rise over time

c) both wages and prices to rise over time

Other Questions
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