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PolarNik [594]
3 years ago
13

LO 8.5Identify several causes of a favorable material quantity variance.

Business
1 answer:
yan [13]3 years ago
3 0

Answer:

Possible causes of material quantity variance:

1. The use of sub-standard material

2. The use of unskilled labour

3.  Wastage of material

Explanation:

Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance.  The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material                                                  due to low quality of inputs also results to unfavorable material quantity variance.                                                                        

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Other things being equal, if households decide to increase the amount of currency they hold per dollar of bank deposits, the mon
Dmitry [639]

Answer:

Option (A) is correct.

Explanation:

Money multiplier refers to the reciprocal of required reserve ratio.

The formula for determining money multiplier is as follows:

= 1 ÷ Reserve requirement ratio

If the households are desired to hold more currency in hand then as result the there will be leakage in the form of households holding cash with themselves.

Hence, this will lead to decrease the money multiplier because of higher reserve requirement ratio for the banks.

7 0
3 years ago
D) Identify and explain two reasons why accurate market research<br> information should be accurate
bazaltina [42]

Answer:

When businesses are deciding how to develop their products and services, they undertake market research. Market research can either be done by the company itself or taken from elsewhere. Having reliable market research data is essential. Basing decisions on unreliable research can be very costly to a business. For research to be reliable, it must have a high level of validity. This means that the facts and evidence gathered are accurate.

Two reasons why market research should be accurate:

Business Risks: Regular market research will be your way to check in with your current customers and potential customers to ensure that you’re still meeting their needs. If it is accurate business risks are reduced but if inaccurate, it could lead to the crash of your business.

Decision-making: The need for and importance of marketing research frequently comes up when making tough business decisions. Instead of having arbitrary criteria for the decisions you make as a business owner, you can always go back to your market research report. Based on that report, will this decision lead to more customers? Will you be able to reach more people who are likely to buy from you? Will it be clear to them that your business can meet their needs? With an accurate market research, the business can make properly informed decisions but with inaccurate market research, the business will be making unwise decisions

8 0
2 years ago
"Martha owns a chocolate factory where each chocolate treat is made by hand. Her assistant Daniel feels that the rate of product
Daniel [21]

Answer:

b) Initiator

Explanation:

As Martha owns a chocolate factory where each chocolate treat is made by hand. Her assistant Daniel feels that the rate of production can be dramatically increased if the company switched to an automated assembly line to manufacture the chocolates. When he proposes this idea to Martha, she agrees and begins evaluating different vendors who might provide the equipment to the company. Daniel has performed the role of initiator in this purchasing process. In purchasing process, there are many people involved:

Initiator - Influencer - Decider - Buyer - User

Initiator starts the idea, presents the idea of buying something which then is influenced and enhanced by the influencer, and then actual decider decides the buying product and is being bought then and further used by someone. These all persons can be the same person and or either one single person can perform all of these roles but here in this case Daniel has performed the role of initiator as he has given the advise of automation to Martha.

5 0
2 years ago
Whether candidate 1 or candidate 2 is elected depends on the votes of two citizens. The economy may be in one of two states, A o
PIT_PIT [208]

Answer:

Consider the following explanation

Explanation:

Answer to Q (a)

Players: Citizens 1 and 2 along with States {A, B}.

Actions:

The set of actions of each player is {0, 1, 2} (where 0 means do not vote).

Signals:

Citizen 1 receives different signals in states A and B, whereas citizen 2 receives the same signal in both states.

Beliefs:

Each type of citizen 1 assigns probability 1 to the single state consistent with her signal.

The single type of citizen 2 assigns probability 0.9 to state A and probability 0.1 to state B.

Payoffs:

Both citizens Bernoulli payoffs are 1 if either the state is A and candidate 1 receives the most votes or the state is B and candidate 2 receives the most votes;

Their payoffs are 0 if either the state is B and candidate 1 receives the most votes or the state is A and candidate 2 receives the most votes;

Otherwise their payoffs are ½

======================================================================================

Answer to (b)

State A of citizen 1’s best action depends only on the action of citizen 2;

=> To vote for candidate 1 if citizen 2 votes for candidate 2 or does not vote, and either to vote for candidate 1 or not vote if citizen 2 votes for candidate 1.

Similarly, for state B of citizen 1’s best action is to vote for candidate 2 if citizen 2 votes for candidate 1 or does not vote, and either to vote for candidate 2 or not vote if citizen 2 votes for candidate 2.

Citizen 2’s best action is to vote for candidate 1 if state A -> citizen 1 either does not vote or votes for candidate 2 (regardless of how state B -> citizen 1 votes), not to vote if state A of citizen 1 votes for candidate 1 and state B of citizen 1 either votes for candidate 2 or does not vote, and either to vote for candidate 1 or not to vote if both types of citizen 1 vote for candidate 1.

Given the best responses of the two types of citizen 1, their only possible equilibrium actions are

(0, 0) (I.e. both do not vote), (0, 2), (1, 0), and (1, 2).

Checking citizen 2’s best responses we see that the only equilibria are

(i)==> (0, 2, 1) (Citizen 1 does not vote in state A and votes for candidate 2 in state B; Citizen 2 votes for candidate 1)

(ii)==> (1, 2, 0) (Citizen 1 votes for candidate 1 in state A and for candidate 2 in state B; citizen 2 does not vote).

(ii)

=====================================================================================

Answer to (c)

Swing Voter’s curse:

Swing voter is an important player whose decision can affect the result of the election. Swing voters curse results into equilibrium as shown below.

In the equilibrium (1, 2, 0), Citizen 2 does not vote. This is because if she votes, then in the only case in which her vote affects the outcome (i.e. the only case in which she is a swing voter), it affects it adversely as shown below:

i. If she votes for candidate 1 then her vote makes no difference in state A, whereas it causes a tie, instead of a win for candidate 2 in state B

ii. If she votes for candidate 2 then her vote causes a tie, instead of a win for candidate 1 in state A, and makes no difference in state B.

7 0
3 years ago
You buy 50 shares of company stock at $99 per share. There is a $50 broker’s fee. The company pays an annual dividend of $1.50 p
klio [65]

Answer:

=1.52%

Explanation:

Dividend yield represents the dividends earned per share. It is calculated by dividing the annual dividend per share divided by the stock's price per share.

In this case,  the annual yield

=Dividend earned/  price per share x 100

=$1.50/99 x 100

=0.0151515 x 100

=1.5151

=1.52%

4 0
2 years ago
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