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liberstina [14]
3 years ago
13

During a management meeting, Lester, the CEO of Elite Office Equipment, reminded his management team of where the company wants

to go as an organization: "Elite Office Equipment is the expert that customers should always call regarding all their office equipment needs because we strive to understand customer needs and provide the right answers for them." This statement is Top Office Equipment's _______.
Business
1 answer:
REY [17]3 years ago
7 0

Answer: Vision statement

Explanation:

Vision statement is referred to as or known as an organization's road map, which tends to indicate what the organization believes to become and achieve by putting forth a well defined direction and route for the organization's growth. These statements usually undergo the minimal revisions throughout the lifetime of an organization, unlike the operational goals that might be revised on yearly basis.

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Bill is a construction worker who was laid off because the market for new homes has been adversely affected in the recession. bi
kirza4 [7]

What Bill is experiencing is cyclical unemployment.

Cyclical unemployment is a type of unemployment that occurred due to the ups and downs of business cycles – where it would be low when the economic conditions are good, and it would be high when the economic conditions are bad.

Cyclical unemployment is part of the natural rate types of unemployment, together with structural and frictional.

5 0
3 years ago
Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b
MakcuM [25]

Answer:

they need to limit the material and labor costs to $22.75

Explanation:

given data

combined promotion = $3 million

contribution margin ratio = 35%

Selling price = $35 per unit

to find out

what would they need to limit the material and labor costs to

solution

we get here Contribution margin per unit that is express as  

Contribution margin per unit = $35 × 35%

Contribution margin per unit = $12.25 per unit

and Variable cost will be  

Variable cost = $35 - $12.25

Variable cost = $22.75 per unit

and we know Variable cost is also express as  

Variable cost = Direct materials costs + Direct labor costs + Direct factory overheads   ..............1

here direct factory overheads is  0 and Direct materials costs + Direct labor costs is $22.75

so put in equation 1

Variable cost =  $22.75  + 0 =  $22.75

so we can say that they need to limit the material and labor costs to $22.75

8 0
3 years ago
You have been asked to set up a network for a nationwide retailer with stores in all 50 states. The retailer would like to be ab
hram777 [196]

A centrally administered WAN network

8 0
3 years ago
Read 2 more answers
7. Liqin fixes up old cars and sells them to supplement his retirement income. Liqin came across a beat-up 1955 Corvette that sh
ruslelena [56]

Answer:

a. 8%

Explanation:

Expected Return = [(Return*Probability)+(Return*Probability)+(Return*Probability) * 100%]

Expected Return = [{(15%*0.2)+(10%*0.2)+(5%*0.6)} * 100]%

Expected Return = [{(0.15*0.2)+(0.1*0.2)+(0.05*0.6)} * 100]%

Expected Return = [{0.03+0.02+0.03} * 100]%

Expected Return = [{0.08 * 100}]%

Expected Return = 8%

So, Liqin's expected return for fixing up and selling the Corvette is 8%.

7 0
3 years ago
The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP
Delicious77 [7]

Answer:

The correct answer is option a and option b.

Explanation:

The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP.

This is because the GDP of a nation is the value of final goods and services produced in an economy in a year by both domestic citizens as well as foreign residents.

While GNP of a nation does not include the income earned by the foreign residents within the boundaries of a nation. So it is lower than GDP.

4 0
3 years ago
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