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IgorC [24]
4 years ago
13

When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction

. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliver to the state. In cases where the incumbent manager was the winning bidder, firm productivity tended to increase dramatically. When outside bidders won, there was little productivity improvement. Assume that incumbent managers and new managers had similar qualifications. True or False: This result is an example of the winner's curse.
Business
1 answer:
BartSMP [9]4 years ago
8 0

Answer:

True

Explanation:

Winner curse is a situation where the bidder win the bid in an auction that exceeds the true worth or intrinsic value of the item auctioning. In the given scenario the inside managers bid for realistic performance. The outside managers tend to bid for higher performance to get the job. They does not seem to be realistic.

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Any value disclosed above operating income in the income statement would be:_____.A) After-Tax.B) Pre-Tax.C) Per-share.D) None o
mr Goodwill [35]

Answer:

B) Pre-Tax

Explanation:

The income statement refers to the statement in which the all expenses are deducted from the revenue so that the operating income could come i.e. EBIT

For the value that disclosed above the operating income would  be pre tax as after the EBIT, the income tax expense, the interest expense should be deducted to find out the Profit after tax

So in this situation, the option B is correct

3 0
3 years ago
"Liberty may be endangered by the abuse of liberty, but also by the abuse of power."—James Madison Which of the following statem
Alex73 [517]

Answer:

James Madison is known as the Father of the Constitution, and he worked very hard to limit the powers of the government branches, so that no government branch would be more powerful than the other two. He was a great supporter of the Bill of Rights, which also limited the power of the government towards the citizens of the nation.  

This specific quote refers to the checks and balances system that prevents any of the three branches of the US government; executive, legislative and judicial, from becoming too powerful.

5 0
3 years ago
Question #5
hichkok12 [17]

Starting inventory + purchases - ending inventory = cost of goods sold.

4 0
3 years ago
vThe profit for a product is increasing at a rate of $5600 per week. The demand and cost functions for the product are given by
mamaluj [8]

Answer:

4 units per week

Explanation:

Calculation to Find the rate of change of sales

First step

dP/dt=5600

Second step

Since the revenue is the product of demand and sales

Hence,

R(x)=px

=(6000-25x)x

=6000x-25x²

Third step is to determine the profit which is the difference of revenue and cost.

Hence,

P(x)=R(x)-C(x)

=6000x-25x²-(2400x+ 5200)

=6000x- 25x² -2400x-5200

=3600x-25x²-5200

Fourth step is to Differentiate the profit with respect to time

dP/dt=3600 dx/dt- 50 dx/dt-0

=50(3600/50-x) dx/dt

=50(72-x) dx/dt

Now let Find the rate of change of sales when dP/dt=5600 and x =44

5600=50(72-44) dx/dt

5600=50(28) dx/dt

5600=1400 dx/dt

dx/dt=5600/1400

dx/dt= 4 units per week

Therefore the rate of change of sales is 4 units per week

6 0
3 years ago
All of the following can be used as an allocation base for calculating factory overhead rates except a.direct labor hours b.mach
liq [111]

Answer:

The correct answer is C. Total units produced.

Explanation:

The following five bases are generally used in calculating the application rate of manufacturing overhead:

1. Production units

2. Direct material cost

3. Direct labor cost

4. Hours of direct labor

5. Machine hours

When he mentions the Production Units, he refers to the product or merchandise produced by the company, that is, what is intended for sale, in which this method is used is very simple, since the information on the units produced is readily available. to apply indirect manufacturing costs. It is based on the unit of finished product.

5 0
3 years ago
Read 2 more answers
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