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Nonamiya [84]
3 years ago
13

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 50 per

cent of capacity; actual usage was 52 percent of capacity. A smoothing constant of .10 is used. a. Prepare a forecast for September. (Round your final answer to 2 decimal places.)
Business
1 answer:
katovenus [111]3 years ago
8 0

Answer:

Explanation:

Forecast usage = 50 %

Actual Usage = 52%

smoothing constant = 0.10

⇒ 50 + 0.10 (52 - 50)

⇒ 50 + 0.10 (2)

⇒ 50 + 0.2 = 50.20

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Answer:

Participative.

Explanation:

Participative leadership is the process of influencing people to direct their efforts toward the achievement of some particular goal or goals. Participative leadership can be different depending on organization, purpose and situation but there are common patterns in all types:

- Leader always facilitates the conversation.

- Leaders share any information and necessary knowledge for decision-making.

- Leaders encourage others to share their ideas.

- Leader must take all information and solutions by the team and synthesize.

- The leader comes up with best solution based on group information and communicates the solution to the group.

Participative leadership consist of one of the four types of participative decision making.

* Democratic (Participative) – Encourages participation of all members but final decision is made by leader.

* Collective – All decisions are taken by the group and responsibility for the decisions also rest on entire group.

* Autocratic – Possible solutions are brainstormed collectively but leaders are responsible for final decision. Different from democratic as autocratic is goal oriented while democratic is people oriented.

* Consensus – Leader gives up responsibility and control of decision making to the group.

4 0
4 years ago
Suppose all of the banks in the Federal Reserve System have $100 billion in transactions accounts, the required reserve ratio is
ki77a [65]

Answer:

$25 billion

Explanation:

The difference between a 0.25 reserve ration and a 0.20 reserve ratio is 0.05, which represents $5 billion in available money (= 0.05 x $100 billion).

If the total bank reserves is $100 billion, and the reserve ratio is 0.20, the money multiplier = 1 / 0.20 = 5.

If the banks have $5 billion available for loans and the new money multiplier = 5, then the lending capacity of the banking system will increase by $25 billion (= $5 billion available x money multiplier).

7 0
3 years ago
Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with the
stepan [7]

Answer:

Two-way Stretch

Explanation:

Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. This is an example of a firm that successfully performed a t<u>wo-way stretch</u> to reach more consumers and ventures that are more profitable.

Two way stretch: It is an expansion strategy of the company to introduce product within the same product line to cater different customer in the market. Company introduce new product to attract more customer as now they have premium product and low end product. Product are stretched both ways upward and downward. Example: Maruti, Titan, Marriot- Hotel & resorts, etc.

In the given case, Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. Therefore, they are using two-way stretch strategy.

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3 years ago
Companies monitor sustainability performance for several purposes, including organizational learning, improved decision-making,
Alex787 [66]

Among the factors or reasons listed above, companies also monitor performance for sake of Accountability.

<h3>What is Accountability?</h3>

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This means that every person within the system must embrace responsibility for doing the right thing and accept the responsibility for not doing so as well.

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See the link below for more about Accountability:

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5 0
3 years ago
Two external factors which must be considered in pricing decisions are​ __________. A. the marketing mix and the nature of the m
Nat2105 [25]

Answer:

The correct answer is D. demand and the nature of the market.

Explanation:

External factors: Nature of the market and demand

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  • In monopolistic competition: it is within a price range, it can vary by quality, or the services that accompany it.
  • In oligopolistic competition: they can be uniform products or not, they are constantly watched over the competition. If prices rise, buyers will quickly change them as a supplier. There are few vendors and it costs others to enter.
  • In a pure monopoly: a market formed by a single supplier, unregulated monopolies have the freedom to set their prices, however they do not take advantage of them for several reasons, not to attract competition, fear of regulation and to penetrate the market.
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