Answer:
Explanation:
Professors Andrew McAfee and Erik Brynjolfsson of the MIT Sloan School of Management performed a study that proved that corporations that used data driven decision management had a higher productivity (+4%) and higher profits (+6%). This study was made by the two professors and the MIT Center for Digital Business.
They were very clear in specifying that the success of data driven management is based upon the quality of the data gathered and the effectiveness of its interpretation. Not all data gathered is useful for every corporation, so it must be properly analyzed and interpreted.
Answer:
C. $12 billion.
Explanation:
GDP refers to the Gross domestic product. It means that the market value of all final goods and services produced within the country.
Since in the question the GDP reported in quarter 3 was $12 billion and the same is to be considered as a GDP because it reflected the market value of all final goods and services
Therefore, the correct option is c.
Answer:
Dr Rent Expense ($800)
Cr Cash ($800)
Explanation:
Based on the information given we were told that the company pays the amount of $800 on
which was use to lease a copier for their corporate offices this means that we are going to record the Journal entry by Debiting Rent Expense with the amount of ($800) and Crediting Cash with the same amount of ($800).
Dr Rent Expense ($800)
Cr Cash ($800)
Third-party logistics is the term used to describe the use of outside firms to help move their goods through the supply chain. A supply chain is the network that connects all of the people, organizations, resources, activities, and technology involved in the manufacture and sale of a product.
A supply chain includes everything from the transfer of raw materials from a supplier to a producer to the final distribution to the end customer. Farming, refining, design, manufacturing of firms packing, and transportation are all examples of supply chain activity. The four elements of the supply chain are integration, operations, purchasing, and distribution, which work together to create a cost-effective and competitive path to competition.
To learn more about supply chain, click here.
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Answer:
- a. 2/3 gallon
- b. 5/7 gallon
Explanation:
1. Megan takes 3 hours to brew a gallon of root beer and 2 hours to make a pizza.
If she makes a pizza therefore, that is 2 hours that could have been used to make a gallon of root beer. However, it takes 3 hours to make a complete gallon so in those 2 hours only;
= 2/3 gallons would have been made
2. Susan takes 7 hours to brew a gallon of root beer and 5 hours to make a pizza.
Like Megan above, the 5 hours that would be used for Pizza would have gone towards making a gallon of beer. If it takes 7 hours to make a gallon then those 5 hours would have made;
= 5/7 gallons of root beer.
3. Absolute Advantage: Megan
The person with the absolute advantage is the person that can produce more goods with the same amount of costs. Megan can make more pizza in a smaller amount of time than Susan so she has Absolute advantage.
Comparative Advantage: Megan
The person with a Comparative advantage is the one that has the lowest opportunity cost when producing a good. Megan again has a lower opportunity cost with an opportunity cost of 2/3 gallons.