Answer:
PMI approach = Plus, minus, and interesting
Explanation:
It basically practices the approach to provide validation to all the views of people in discussion, and then, choosing the right alternative.
As different people have different views, it signifies that after considering all the views, decision shall be made as to what the pros and cons and alternatives for the current decision, or project chosen.
It provides a proper and detailed evaluation of the decision through lateral thinking, and keeping an unbiased opinion.
The engineers followed a problem-solving approach, using a combination of strategy, solution, and significance to make a final decision. It required analytical intelligence and some creativity to arrive at the final design. This approach was systematic and perfect for making complex decisions.
The approach that the New Generations Computer Company used is known as a problem-solving approach. It involves a three-stage process wherein the engineers analyzed each design based on a certain strategy, finding a solution, and evaluating the significance, i.e. implications of each of their decision. These steps ensure that the final product is effective, efficient, and meaningful. This approach requires analytical intelligence, with a dash of creativity and insight for a much more meaningful output. The process also involves identifying knowns and unknowns and thorough checking if the design is plausible. Overall, it's a systematic way of making complex decisions, perfect for scenarios such as designing a new product.
#SPJ12
(a) If the special order is accepted, what will be the effect on net income?
Answer:
Effect on income= $4,800 increase
Explanation:
Giving the following information:
Unitary variable cost= $18
A foreign wholesaler offers to purchase 4800 units at $21 each. Vaughn would incur special shipping costs of $2 per unit if the order were accepted.
Because it is a special order and there is unused capacity, we will not take into account the fixed costs.
Effect on income= 4,800*21 - 4,800*(18 + 2)= $4,800 increase
Answer:
Future Account Value = $ 161,327.31
Explanation:
Investment Amount (PV)
The starting amount you invest in the account or your current balance in an existing investment account
Future Account Value (FV)
The return amount you want to attain. Your target amount.
Number of Years (n)
Several years you will invest.
Interest Rate (R)
The annual interest rate you expect on your invested money
Compounding (m)
The periodic compounding of your investment account
Contributions (PMT)
The payment amount you will contribute to your investment account periodically
Frequency of Contributions (q)
The periodic timing of your contributions
Based on the given description, Tina’s services fall into the category of possession processing services.
Possession processing service is defined as providing a service to goods or other physical possessions that the customer owns.
Thus, because Tina provides a service to people’s garden, her service falls into this category. Other examples for possession processing service include shoe cleaning service, plumbing, and housekeeping.
B) This represents what happens to a business when a major change takes place due to the introduction of new technology
C) This represents what happens to a business when a major change takes place due to a change in customers' values or a change in what customers prefer
D) This represents what happens to a business when a major change takes place due to a differentregulatory environment
E) A new CEO is an example of a strategic inflection point.
Answer:
The correct anwer is E) A new CEO is an example of a strategic inflection point.
Explanation:
The statement that "A new CEO is an example of a strategic inflection point" is false since to determine a strategic inflection point we rely on other factors that affect companies such as the power of competitors, the power of customers, the power of potential competitors, the power of suppliers and the power of substitutes.
For example, if my product or service is exceeded 10 times more by the competition in quality or price; we are talking about a strategic inflection point.
b. protective effect plus revenue effect.
c. consumption effect plus redistribution effect.
d. production distortion effect plus consumption distortion effect.
e. None of the above.
Answer:
Option e. is correct
Explanation:
The Terms of Trade is equal to the average price of exports / by the average price of imports. The terms-of-trade refers to the relative price of exports in terms of imports.
Protective effect refers to the wasted resources due to production of good at a higher cost. Consumption effect refers to the loss to consumer due to higher price that leads to less consumption.
Should the home country be "large" relative to the world, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms-of-trade effect exceeds the sum of the protective effect plus consumption effect
Answer:
Explanation:
The journal entry is shown below:
On December 31,2016
Salary Expense A/c Dr $3,960 ($1,320 × 3 days )
To Salary Payable A/c $3,960
(Being adjusted salary is recorded)
On January 2
Salary Expense A/c Dr $2,640 ($1,320 × 2 days )
Salary Payable A/c $3,960 ($1,320 × 3 days)
To Cash A/c $6,600
(Being cash is paid)