Answer:
The answer is Management by Objectives.
Explanation:
Management by objectives, also known as management by results is a strategic management tool that its purpose is to improve the performance of an organization by stating objectives that are agreed to by both management and employees.
Organizational goals and planning follows top-down (i.e from top management to the lowest staff) process. These goals are then translated into personal goals for organizational members
Answer:
2000
Explanation:
Given:
Annual DEMAND, D = 1,000,000
Holding cost, H = (I * C)
Cost per order, S = 80
Unit cost, C = 160
Holding cost (%) = 25% = 0.25
The Economic order quantity :
EOQ = √[(2 * D * S) / (I * C)]
EOQ = √[(2 * 1000000 * 80) / (0.25 * 160)]
EOQ = √[(160000000) / 40]
EOQ = √4000000
EOQ = 2000
Yes, supply and demand affects the changes of prices in a price-setting
system because of law of supply and demand.
The law of supply and demand is an economic theory which explains that how supply and demand are related to each other. It's a fundamental economic principle that when the supply exceeds demand the prices will fall. When demand exceeds supply, prices rise.
If there is an increase in supply for goods and services while demand remains the same, prices always fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.
If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise and a lower quantity of goods and services.
The same inverse relationship is applicable for the demand for goods and services. However, when the demand increases and supply remains the same, the higher demand will lead to a higher equilibrium price and vice versa.
To know more about law of supply and demand here:
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Answer:
the present value of project cash flows is $138,888.89
Explanation:
The computation of the present value of project cash flows is shown below
Value of €100,000 in US $ in one year is
= €100,000 × $1.50
= $150,000
Now the Present value is
= Payment × (1 ÷ (1 + rate of interest)^number of years)
= $150,000 × (1 ÷ (1 + 8%)^1)
= $138,888.89
Hence, the present value of project cash flows is $138,888.89
Answer:
4
Explanation:
The chi-squared test tests whether distribution of a population of something (such as people, traits etc) into categories deviates significantly from expected values.
The degrees of freedom represents the number of independent ways by which a system can change. The degree of freedom is always the number of categories being analyzed minus 1.
Therefore, the degrees of freedom in this example is 5-1 = 4
