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natita [175]
3 years ago
9

What is something I can create or invent that hasn't been invented yet, that could make me a millionaire?

Business
1 answer:
olchik [2.2K]3 years ago
4 0

Explanation:

The products and services offered today through economic systems exist to satisfy human needs. The higher the level of satisfaction of needs met, the greater the positioning of a product or service that can make an individual millionaire.

To create or invent something that does not yet exist and be extremely profitable, it is necessary to think about human priorities, such as health and technology. An invention that could be successful would be the development of a cure for diseases such as drugs that destroy cancer cells and create other healthy cells without side effects to humans, or in the current world context, an inexpensive and easily developed anti-coronavirus drug.

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You are the purchasing manager and you buy a raw material having the following information: Annual demand = 900 units Fixed orde
alex41 [277]

Answer:

=2983.25

Explanation:

In calculating the inventory on raw materials you will have to Add together the original value of raw materials, the works in progress if any and finished goods to get starting total inventory.

The solution to the question can be calculated like this:

EOQ=\sqrt{2* 900 * 100/2.5}

EOQ=268.328

EOQ+SAFETY STOCK=268.328+30

=298.325

VALUE=298.325*10

=2983.25

7 0
4 years ago
Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) co
raketka [301]

Answer:

(2) consult others before making a decision.

Before I make a recommendation, I will consult my team members.  Individually, some may have new ideas and modifications which we can incorporate into the project to even beat the competition and cause management to continue supporting the project.

Explanation:

Even though our competitor's "product appears to utilize radical new design principles that expand the functionality of the product," we can still modify our product.  This will not only incorporate the features of our competitor's product, but also further introduce new features that will emanate from the challenge from competition.

This is where the SCRUM framework becomes important.  This framework for project management emphasizes teamwork, accountability, and iterative progress toward a well-defined goal, while allowing for tweaks.

Developing this project based on this framework must have made it possible for us to receive the report from the marketing department in the first place.  The principles of Scrum are Openness, Respect, Courage, Commitment, and Focus.  So, the best we can do will be to prioritize, come up with new improvement ideas, and convince top management not to cancel the project.

3 0
3 years ago
For each of the items listed below, state whether they increase or decrease the balance in cumulative translation adjustments (a
Gre4nikov [31]

Answer:

Option B. Increase in Net Income and decrease in Dividends

Explanation:

The weakening position of the US dollar will make US products cheaper in the international market and thus would increase the exports of the product of the company. This will increase the net income of the company. Thus after cumulative translation adjustment what we have is increased net income.

Similarly as dividend declared would be in US dollars, when preparing a translated financial statement, the dividend declared would decrease its value as the foreign currency has strengthening position.

6 0
4 years ago
Jorge is looking for a new job after finishing his college degree. He is currently working part time to pay the bills, but is al
Marina CMI [18]

Answer:

His current status is that he is employed

3 0
2 years ago
Mario, an HR specialist at General Motors, needs to conduct a job analysis for the position of a financial analyst position. Whi
Fudgin [204]

Answer:

observation

Explanation:

In order to conduct an observation as job analysis method, Mario need to physically present whenever the candidate is working and directly see how those candidates works.

Even though this might help Mario obtain necessary information about the candidates, This would be considered as inappropriate in professional settings and might be considered as a breach of privacy.

7 0
4 years ago
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