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Ronch [10]
3 years ago
11

â_______________ refers to the broad set of activities carried out by organizations to analyze sourcingâ opportunities, develop

sourcingâ strategies, selectâ suppliers, and carry out all the activities required to procure goods and services.
Business
1 answer:
horsena [70]3 years ago
5 0

Answer: Supply Management

Explanation:

Supply management is referred to as or known as the task of acquiring, identifying, and also managing suppliers and resources that tends to be  essential for operations of the organization.  It is also referred to as procurement, i.e. supply management tends to include purchase of commodities such as physical goods, services, information, and several other resources that might enable an organization to continue growing and operating .

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The cob Douglas production function is given by Q(K,L)=AK^1.4*L^1.6
Alexeev081 [22]

Part a) The Cob Douglas production function is given as:

Q(K,L)=AK^{1.4} L^ {1.6 } .

To show that this function is homogeneous with degree 3, we introduce be a parameter, t.

Q(tK,tL)=A(tK)^{1.4} (tL)^ {1.6 } .

Using properties of exponents, we on tinder:

Q(tK,tL)=At^{1.4}K^{1.4} t^ {1.6 }L^ {1.6 } .

This implies that:

Q(tK,tL)=t^{1.4} \times t^ {1.6 }(AK^{1.4} L^ {1.6 } )

Q(tK,tL)=t^{1.4 + 1.6}(AK^{1.4} L^ {1.6 } )

Simplify the exponent of t to get;

Q(tK,tL)=t^{3}(AK^{1.4} L^ {1.6 } )

Hence the function is homogeneous with degree, 3

Part b) To verify Euler's Theorem, we must show that:

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L}=3AK^{1.4}L^{1.6}

Verifying from the left:

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =K(1.4AK^{0.4} L^{1.6}) + L(1.6AK^{1.4} L^{0.6})

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =1.4(AK^{1.4} L^{1.6}) + 1.6(AK^{1.4} L^{1.6})

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =(1.4 +  1.6)(AK^{1.4} L^{1.6})

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =3(AK^{1.4} L^{1.6})

Q•E•D

8 0
3 years ago
First Financial Auto Loan Department wishes to know the payment required at the first of each month on a $10,500, 48-month, 11%
julia-pushkina [17]

Answer:

First Financial would divide the $10,500 loan by the present value of annuity due of 1.

The correct answer is C

Explanation:

Present value of annuity formula is used for determining the amount                   of loan payment. Since the payments will be made at the beginning of each month, we will apply the formula for present value of annuity due. In order to determine the amount of monthly payment, we will divide the principal by the present value of annuity due of 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

7 0
3 years ago
Hanover, inc. purchased land through the issuance of long-term bonds. how is this reported on the statement of cash flows?
avanturin [10]
The purchase of land by Hanover, Inc. through the issuance of long term bonds should be reported on the statement of cash flows as
significant non cash investing and financing activity that merits disclosure.
5 0
3 years ago
PLS HELPPP FASTTT!!!! Which of the following is not consistent with the efficient market hypothesis?
Morgarella [4.7K]

Answer:

c. News has no effect on stock prices.

Explanation:

A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country. For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis which states that, asset (share) prices reflect all information and it is very much impossible to consistently beat the market. Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

According to the efficient market hypothesis, News has an effect on

the prices at which a stock is sold because it affects demand and supply.

6 0
3 years ago
Which incentives do interest groups engage in to overcome the free rider problem?
slava [35]

Answer:

The correct answer is letter "D": All of these are correct.

Explanation:

The Free Rider Problem refers to someone being able to gap for less or even for free what others pay more for. The problem arises when individuals are unwilling to pay their fair share for something that most others pay for. The problem is more often while talking about public goods. To avoid this issue, some sort of special must be given to consumers such as discounts, promotions for subscriptions or special information online.

6 0
3 years ago
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