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Alex787 [66]
3 years ago
5

In one of the case studies in the textbook, Cy Chesterly was the vice president in charge of sales for one of the largest machin

e parts manufacturers in the Midwest. He was an excellent salesman and helped build the company into one of the most successful in the industry. While Chesterly was known to go overboard on the entertainment expenses, he really went wild when it came to buying personal items-vacations, furniture, and jewelry to name a few.
How was he caught?
Business
1 answer:
Damm [24]3 years ago
8 0

Answer:

A new president was hired and he found Chesterly out while reviewing the accounting records.

You might be interested in
The following information was collected on work Center 40: 400 hours scheduled; 30 hours lost due to absenteeism; 20 hours lost
devlian [24]

Answer:

75% is the work center utilization

Explanation:

Mathematically;

Utilization = (Actual Output/Design capacity)*100

From the question;

Actual output = 300

Design capacity = 400

Substituting these values in the equation, we have:

= (300/400)*100

= 0.75*100

= 75%

5 0
4 years ago
If the federal funds rate were above the level the Federal Reserve had targeted, the Fed could move the rate back towards its ta
Dmitriy789 [7]

Answer:

The correct answer is option b.

Explanation:

If the federal fund's rates were above the targeted rate, the Fed would need to move it towards the targeted rate. To move the interest rate towards the targeted rate, the government would need to increase the money supply. This can be done by buying bonds. When the Fed buys bonds they pay for it, this causes the money supply to increase. As the supply curve shifts to the right, the interest rate will fall down.

4 0
3 years ago
How is price a language for buyers and sellers?​
ZanzabumX [31]
Prices communicate info and provide incentives to buyers and sellers. And sometimes there negotiating involved. High prices are signals to producers to produce more and buyers to buy less. Low prices are signals for producers to produce less and for buyers to buy more.
3 0
3 years ago
Which of the following is a possible market solution to the lemons problem? Producers might be required to meet certain legal st
solniwko [45]

Answer:

Producers might offer product guarantees and warranties

Explanation:

In business, lemon problems refers to the problems that might occur during transaction that is caused by different information possessed by the sellers and the buyers

<u>For example,</u>

Let's say that Person A offered to sell 10 lemons for $1. Person B is interested to purchase it since average price for 10 lemons is $2.  Person B believed that the transaction is worth it.

But, Person A knows that the Lemons sold is in bad condition before he even sell it. Person B doesn't know this, so when he receive the lemon, the value of the product become lower than he expected.

Offering guarantees can solve this problem. The buyers can obtain their money back if the condition of the product is not as promised by the sellers.

8 0
4 years ago
José, the sales manager for a software development firm, is working on the problem of increasing sales by using the rational mod
Setler [38]

Answer:

Implement the selected alternatives

Explanation:

The decision making process is divided in 4 rational steps:

1. Identify the existing problem: know what is the difficulty that is being presented, it involves all what is being affected.

2. List possible solutions for the existing problem: here the person lookfl for all the possible ways to solve a problem and the different variables that are being affected.

3. evaluate and select the most beneficial alternative: in this step the person foresee the results of each alternative and choose the once that would work in the best way.

4. Implement the alternative that was selected: it implies the work of every person involved in the results, follow the plan and the improvement of the initial problem.

Sometimes it is added a 5th step, the feedback and evaluation of the implemented alternative to know if the problem was fully solved.

4 0
3 years ago
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