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Daniel [21]
3 years ago
13

Is there a trade-off between standardization and innovation? how are the two related in most companies?

Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
5 0
Standardization and innovation play critical roles in the development of goods and services. Standardization allows for a stabilized starting point in which to move forward and develop other goods and services which is related to innovation. Standardization provides stability, a known factor which can be relied upon, whereas innovation is riskier and may not come to be successful endeavor. However, like all risk, that is the payoff for the investment in innovation, for if the innovative good or service can be successfully brought to market, the dividends for a payout can be well worth it.
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sertanlavr [38]
In season January through November.
7 0
3 years ago
Read 2 more answers
The state of California set up its own earthquake insurance program for homeowners in 1997. The rates vary by ZIP code, dependin
ra1l [238]

Answer: This rate setting scheme creates an adverse selection​ problem: Homeowners with houses on unstable soil are more likely to purchase insurance than homeowners with houses that rest on bedrock

Explanation:

California has its own earthquake insurance program for homeowners and the rates vary by the ZIP code, which depends on the proximity of nearest fault line.

However, critics claim that the people who set the rates ignored soil type. Some houses rest on bedrock while others sit on unstable soil. If the soil type is used, rate setting scheme creates an adverse selection problem.

An adverse selection problem is tendency of those in high-risk areas to purchase the insurance claim because there are higher chances they may get affected. Therefore, the homeowners with houses on unstable soil will more like buy insurance than the homeowners with houses that rest on bedrock.

6 0
3 years ago
At December 31, 2011, Newman Engineering’s liabilities include the following:1. $10 million of 9% bonds were issued for $10 mill
Nadusha1986 [10]

Answer:

total long term debt: 24,000,000

Explanation:

the 1988 bonds will be long-term debt as there is no suggestion to the option to be exercised.

The 1978 bonds will be current liabilities as they matures at 2012

which is within the twelve months time period to be classified as current laibily.

the note payable has an agreement with the bank to not claim it at least until June 2012 The most probable reason is that the 1978 bonds are generating this situation, so once they are retired the normal 2 to 1  ratio will be acomplished, so the note payable will be kept at long term debt

but a note tothe financial statemtn should be made

Long term debt:

1988 bonds:   10,000,000

note payable  14,000,000

total                24,000,000

6 0
3 years ago
Strong family ties to the surrounding social context, as indicated by frequent contact with friends and relatives, organized you
jolli1 [7]

Answer:

The correct answer is: reduce stress and enhance adjustment.

Explanation:

Families bond with their surrounding society promotes a friendly atmosphere in society. Cooperation, kindness, respect, and honesty are core values that families should share among them. By doing this, their atmosphere is likely to be <em>less stressful</em> and adults and children can <em>adapt to the community</em> easier.

5 0
3 years ago
The Federal funds rate <br> Real gross domestic product is best defined as
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The federal funds rate best defines real domestic gross product as the number reached by valuing all the productive activity within a country at a specific year's price.
6 0
3 years ago
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