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3 years ago

Definition of Diversification-

Business

2 answers:

Darina [25.2K]3 years ago

6 0

Answer:

the action of diversifying something or the fact of becoming more diverse

Explanation:

Andrej [43]3 years ago

3 0

I’m assuming this question is within the context of business or economics so I’ll frame my answer accordingly. Diversification is varying your portfolio(the investments you make or in a business’ case, the services they) to help lower the overall risk you take on. An example of this is a company that offers invests in oil, hotels, and restaurants. If the oil industry took a dive, the firm would not go under cause of revenue from its other investments.

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One useful method of process improvement involves consideration of how another organization performs a process, identifying and

Sergio [31]

Answer:

a. benchmarking

Explanation:

Benchmarking is a management strategy that a business uses to measure productivity, or set goals based on the industry's best practices. An organization applies the benchmarking approach to evaluate its quality, processes and procedures, and performance against that of other firms. An organization uses the benchmarking report to improve its operating and product standards.

Benchmarking can be internal or external. Internal benchmarking involves comparisons between teams, departments, or individuals within an organization. External benchmarking is where a firm gauge its critical operations against those of its competitors or other similar companies.

7 0

3 years ago

Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll inform

Travka [436]

Answer:

Gross pay:

consultant $2,310
computer programmer $2,100
administrator $2,760

Net pay:

consultant $1,694.73
computer programmer $1,539.68
administrator $1,945.78

Explanation:

regular earnings overtime withholding

allowances

Consultant $2,310 per week N/A 3

Computer programmer $30 per hour 1.5 2

Administrator $46 per hour 2 1

computer programmer worked 60 hours = ($30 x 40) + ($30 x 20 x 1.5) = $2,100

administrator worked 50 hours = ($46 x 40) + ($46 x 10 x 2) = $2,760

Social security taxes:

Consultant = 6% x $2,310 = $138.60
Computer programmer = 6% x $2,100 = $126
Administrator = 6% x $2,760 = $165.60

Medicare taxes:

Consultant = 1.5% x $2,310 = $34.65
Computer programmer = 1.5% x $2,100 = $31.5
Administrator = 1.5% x $2,760 = $41.40

Federal income taxes:

Consultant: amount subject to withholding = $2,310 - (3 x $70) = $2,100. Federal income taxes = $356.90 + [28% x ($2,100 - $1,796) = $442.02
Computer programmer = amount subject to withholding = $2,100 - (2 x $70) = $1,960. Federal income taxes = $356.90 + [28% x ($1,960 - $1,796) = $402.82
Administrator = amount subject to withholding = $2,760 - $70 = $2,690. Federal income taxes = $356.90 + [28% x ($2,690 - $1,796) = $607.22

Gross pay:

consultant $2,310
computer programmer $2,100
administrator $2,760

Net pay:

consultant $2,310 - ($138.60 + $34.65 + $442.02) = $1,694.73
computer programmer $2,100 - ($126 + $31.50 + $402.82) = $1,539.68
administrator $2,760 - ($165.60 + $41.40 + $607.22) = $1,945.78

8 0

3 years ago

What type of economic system are you a part of? Write your answer in a short paragraph

Mila [183]

Answer:

Mixed economic system

Explanation:

A mixed economy is an economy systems that combine both the attributes of capitalism and socialism. That is some of enterprises of the economy are owned and controlled by the government while the rest are left in the hands of private individuals. In some instances, both of them participate in a sector of the economy. For example, in the Nigeria's electricity sector, the federal government generates electricity while private individuals distribute it.

Further explanation for a better understanding:

Basically, there three types of economic system: capitalism, socialism and mixed economy.

Capitalism is an economic system in which the control of trade and industry is in the hands of private individuals. That is, these private individuals are the owners of means of production and the profit that may be derived from them. It believes that the government should not have any hand in running the economy but just concentrate on politics. The main characteristic of the system is that price is used in allocating the resources of the economy.

Socialism is an economic system in which the control of trade and industry of country is left in the hand of the community as a whole which is the government. That is, the means of production, distribution, and exchange are owned and controlled by the government. The main characteristic of the system is that government determines how resources are allocated in the economy.

A mixed economy combines both capitalism and socialism as explained above.

I wish you all the best.

8 0

3 years ago

A rival good A. is exclusive. B. is one that rival firms are trying to obtain. C. cannot be shared. D. is one that is used up as

ANTONII [103]

Answer: Option (D) is correct.

Explanation:

A good is said to be rival in nature if the consumption of that good by one individual will impact the availability of good for the others. This means that less quantity will be available for the others.

For instance, if a city has only one fire station, two fire trucks and four firefighters then it is characterized as rival in consumption because consumption of fire protection by one individual will make the fire protection unavailable for the others, due to its limited availability.

Suppose if there is an emergency call received from about 15 houses then the fire protection have to choose 3 or 4 houses among them because of limited resources. This shows that fire protection is unavailable for others.

5 0

3 years ago

Malea Liberty has 800,000 common stock shares outstanding. It has decided to declare a 30 percent stock dividend. The new par va

Rama09 [41]

Answer:

Capital in excess of par = $22,480,000

Retained Earnings = $50,400,000

Explanation:

given data

common stock shares outstanding = 800,000

stock dividend = 30 %

new par value = $3

retained earnings account = $60,000,000

capital in excess of par = $13,600,000

current stock price = $40 per share

solution

we know that here stock dividend declared by 30%

so total share will be = 30% of common stock shares outstanding

share = 30% × 800,000

share = 240,000 shares

and

Market value will be by current stock price is

market value = 240,000 × $40

market value = $9,600,000

so here

Capital in excess of par will be

Capital in excess of par = market value - common stock shares outstanding

Capital in excess of par = $9,600,000 - $800,000

Capital in excess of par = $8,880,000

and

New values will be for Capital in excess of par

Capital in excess of par = $13,600,000 + $8,880,000

Capital in excess of par = $22,480,000

and

Retained Earnings will be

Retained Earnings = $60,000,000 - $9,600,000

Retained Earnings = $50,400,000

6 0

3 years ago