<span>The given data which is "Steve is an avid runner and has been quite slim his whole life. he runs moderate- to long-distances 3 or 4 days per week. running is his only physical activity. steve has never been interested in resistance training because it is not his strong suit. steve recently decided that he is tired of being skinny. he would like to put on some size and muscle before he travels back to his hometown for a good friend's wedding in 12 weeks," is part of the background and goals that are also part of a Client Profile.</span>
Answer:
A classic example of exogenous shock is the oil supply shock in the 1970s.
Explanation:
At that time, the OPEC (Organization of Petroleum Exporting Countries), led by Arab countries, controlled the supply of oil in retaliation for Western policies. Controlling supply, ie decreasing production, drastically raised the price of a barrel of oil. Thus, both the quantity of equilibrium and the price and equilibrium changed in that situation due to the exogenous shock in the supply of the product.
Answer:
Requirement 2
a) Net Operating Income (Loss) for year 1 under absorption costing = 110,600
b) Net Operating Income (Loss) for year 2 under absorption costing = 257,600
c) Net Operating Income (Loss) for year 1 under variable costing = 238,200
d) Net Operating Income (Loss) for year 2 under variable costing = 385,200
e) The cost of goods sold is always less under variable costing than under absorption costing.
Explanation:
a) Absorption Costing, also called full absorption costing, capture all costs associated with manufacturing a particular product, such that the direct and indirect costs, such as direct materials, direct labor, rent, and insurance, are fully accounted for using this managerial accounting method.
b) Variable Costing is a managerial accounting technique that assigns variable costs to inventory, so that all period (fixed overhead) costs are charged to expenses in the period incurred, while only direct materials, direct labor, and variable manufacturing overhead costs are assigned to inventory.
Answer:
Perfect competition is a market situation by means of which no supplier can influence or determine the price of a good or service, as long as there is a multiplicity of suppliers who offer a homogeneous good, equivalent to that of the other suppliers. These goods, therefore, would not have differences between them (an example could be the fruit market), and therefore buyers could decide to buy from those sellers who offer the best prices. In this way, perfect competition would be generated between the bidders, who through their price would seek to attract buyers. For this type of competition (in theory, since in practice it is almost impossible) to occur, it requires a market without any type of barriers, with a product with the same characteristics, a high number of market players and abundant information about each of the products.
Having realistic expectations and thinking about the kind of manager you want to be, not forgetting to manage upward and sideways as well as downward, getting guidance from other managers, and resisting isolation is good advice for those who are Transitioning upward in an organization.
Explanation:
- When done well, managing up makes your manager's (and your) job easier. Understanding the best way to communicate with your boss, demonstrating that you care, meeting performance goals and more, won't go unnoticed. Managing up can be especially important with a newly hired manager, or when you change teams.
- But, for those who do, there are some important steps to take to position themselves to step into these higher-level roles.
- Yearning for Management Experience.
- Let Your Interest be Known.
- Seek Feedback to Help You Close Performance Gaps and Develop Key Skills.
- Focus on Your Strengths.
- Get Some Practice.
- Think Big Picture.
- Embrace the Mission.
- Develop a Positive Relationship.
- Understand His or Her Goals.
- Anticipate His or Her Needs.
- Never Let Him or Her Get Blindsided.
- It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals.
