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saw5 [17]
3 years ago
14

How is it possible to have a large amount of assets but only modest net worth?

Business
1 answer:
nevsk [136]3 years ago
3 0

Answer:

one possibility is that you spent more on your assets, than your assets are making. In other words, some assets may have a low or negative net worth

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Many fast-food restaurants compete on lean business concepts. Match each of the following activities at a fast-food restaurant w
yawa3891 [41]

Answer:

1. C.

2. A.

3. B.

4. C.

5. A.

6. C.

7. B and C.

8. B.

9. A and B.

10. C.

Explanation:

1. Courteous employees is a total quality management (TQM).

2.  Food produced to order is a just-in-time (JIT).

3. New product development is a continuous improvement (CI).

4. Clean tables and floors is a total quality management (TQM).

5. Orders filled within three minutes is a just-in-time (JIT).

6. Standardized food making processes is a total quality management (TQM).

7. Customer satisfaction surveys is both a continuous improvement (CI) and total quality management (TQM).

8. Continually changing menus is a continuous improvement (CI).

9. Drive-through windows is both a just-in-time (JIT) and continuous improvement (CI).

10. Standardized menus from location to location is a total quality management (TQM).

A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;

<em>A total quality management (TQM) is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.</em>

<em>Just-in-time (JIT) is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.</em>

<em>A continuous improvement (CI) is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization. </em>

5 0
3 years ago
Jones, a consulting manager of Miller &amp; Co., is considering membership on an audit client's board of directors. Jones does n
vfiekz [6]

Answer:

C. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.

3 0
3 years ago
Michael is maximizing utility by consuming three colas at $3 a piece and four hot dogs. The last cola gave him 300 units of util
marusya05 [52]

Answer:

C. $5

Explanation:

Marginal utility is the benefit gained from consuming an additional unit of a product or service.

According to the question, Michael is maximizing utility when Marginal Utility / Price of colas is equal to Marginal Utility / Price of hotdogs. Marginal utility can thus be found by solving the following equation for X (the price of hot dog)

MU/P of Colas = MU/P of hot dogs

300/3 = 500/X

3/300 = X/500

X = (3/300) x 500

X = 0.01 x 500

X = 5

Hence, the price of each hot dog is $5.

5 0
3 years ago
The R-W-W Framework is used to screen new products. R-W-W stands for:
finlep [7]

Answer: 1. W: Is it worth doing?,2. R: Is it real, 3. R: Is it real, 4. W: Can we win?,5.W: Can we win?-

Explanation:The R-W-W Framework is used to screen new products. R-W-W stands for:

Is it Real?

Can we Win?

Is it Worth doing?  By matching each description to nthe correct R-W-W category, i have that

1) The new product would cost $12.50 to manufacture, and similar products sell for $9.00----- W: Is it worth doing?

2)Research shows that 85% of high school students enjoyed playing the new game.-----R: Is it real

3)The results of the last market survey showed only 35% of consumers were interested in the new product-----. R: Is it real?

4)A smaller ergonomic mouse was used by 57% of data entry clerks who participated in the survey. ----W: Can we win?-

5)To manufacture the new product, the company may need to hire 10 more assemblers.-----W: Can we win?

3 0
3 years ago
Financial markets make the process of borrowing large amounts of money easier because they simplify the negotiation process betw
Mekhanik [1.2K]

Answer:

Reducing risk

Explanation:

The two ways by which risk can be managed are;

✓ Risk avoidance

✓ risk reduction

risk reduction are activities needed to bring about lower likelihood of risk as well as severity of loss. We can reduce risk through reduction of allocation of our resources to risky situation. An example of reducing risk is in the instance of Financial markets that are making the process of borrowing large amounts of money easier because they simplify the negotiation process between borrowers and lenders.

3 0
3 years ago
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