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3 years ago

Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, inflation is

Business

1 answer:

omeli [17]3 years ago

7 0

Answer: E) Both answers B and D are correct.

Explanation:

Inflation using the Consumer Price Index is calculated by;

= (CPI in current year - CPI in previous year) / CPI in previous year

Year 2 Inflation = (100 - 90) / 90

= 11%

Year 3 Inflation = (110 - 100) / 100

= 10%

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Phil Bord is a CEO for a large auto manufacturer and is interested in improving the product quality. Phil had overheard his frie

Setler [38]

Answer:

Six sigma quality is the result of a well-defined and structured process.

Explanation:

Six Sigma is a methodology to improve processes that helps to concentrate in avoiding the constant changes in them eliminating problems in products delivery and customer service, among others. A key point is that the client is really important and it is crucial that the processes fulfill the clients requirements.

5 0

3 years ago

In the block style business letter, the inside address appears below the date, with one blank _______ in between.

Alexxandr [17]

In the block style business letter, the inside address appears below the date, with one blank <u>"paragraph"</u> in between.

Block format is normally utilized for business letters.

In block format, the whole content is left adjusted and single divided. The special case to the single dispersing is a twofold space between sections (rather than indents for passages).

Full block style business letters have a formal appearance, anyway they can be utilized in casual business circumstances and also formal ones. In the event that you are searching for a solitary arrangement that will function admirably in each circumstance, this is a decent one to utilize.

6 0

3 years ago

Serial Problem Business Solutions LO P4 Business Solutions sells upscale modular desk units and office chairs in the ratio of 3:

stich3 [128]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The selling prices are $1,310 per desk unit and $560 per chair. The variable costs are $810 per desk unit and $310 per chair. Fixed costs are $180,000.

The company sells 3 deks per 2 chairs.

Sales proportion:

Desks= 3/5= 0.6

Chairs= 2/5= 0.4

1) Selling price per composite unit= sales proportion*selling price

Selling price per composite unit= 0.6*1,310 + 0.4*560

Selling price per composite unit= $1,010

2) Variable cost per composite unit= sales proportion*unitary variable cost

Variable cost per composite unit= 0.6*810 + 0.4*310

Variable cost per composite unit= 610

3) Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 180,000/ (1,010 - 610)

Break-even point (units)= 450 units

4) Number of units for each product:

Desks= 0.6*450= 270

Chairs= 0.4*450= 180

5 0

3 years ago

The journal entry to record the transfer of completed units to finished goods would be to__(debit/credit) finished goods and__(d

wariber [46]

Answer:

Debit ; credit

Explanation:

In order to record the journal entry for the transfer of completed units to finished goods is shown below:

Finished goods Dr XXXXX

To Work in process XXXXX

(Being the transfer of completed units is recorded)

Since the transfer of units completed is go to finished goods so this account is debited and the work in process account is credited

6 0

3 years ago

The ______________ perspective assumes that the external environment is constantly changing, whether due to competition or custo

Akimi4 [234]

Answer:

The contingency perspective assumes that the external environment is constantly changing, whether due to competition or customer preferences, while the evidence based management seeks to find ‘best practices’ with data-driven evidence to support solutions.

a. contingency perspective

b. Evidence based management

Explanation:

Management can be defined as the act of planning, directing and controlling people and resource to achieve set organizational goals. There are different perspectives of management. Some of the examples of management perspectives are; contingency perspective and evidence based management. They are further explained below;

a. Contingency perspective

The contingency perspective is a management theory that seeks to provide management solutions to the problems by examining the context of the problems. It involves assessing the external environment that coming up with a management solution that fits the problem. The external environment can be defined as anything outside the organization or the business that can affect the management of that organization or business. They include factors like; competition and customer preferences. Since the external environment is always changing, new and more efficient management techniques also need to be adopted as opposed to having one rigid management perspective. The contingency perspective has the advantage of learning from situations and utilizing the solutions that worked on similar problems in the future.

b. Evidence based management

Evidence management should be on the basis of critical thinking and the best method available considering accessible evidence. The evidence has to be factual data that can be used to formulate a hypothesis. Evidence always involves scientific research or something that is gained through experience that can be used to validate a claim. In the business world, most managers don't rely heavily on the evidence, rather they make their decisions based on evidence and best practices that have worked for other managers in the same situation. Evidence based management seeks to find ‘best practices’ with data-driven evidence to support solutions.

4 0

3 years ago