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Q

What are the lead-time elements in any process? Which could be considered “non-value added”?

A

In any process, there are five elements, namely queue (before the operation begins), setup (ready for operation), run (operation performance), […]

Category: Business & Economics

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Q

Why do waiting lines form even though a service system is underloaded? Give an example of when this may happen from your personal or professional experience.

A

Waiting lines have become one of the basic problems in many organizations despite the fact that all projects are properly […]

Category: Business & Economics

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Q

What problems not generally found in manufacturing do service systems present in terms of scheduling the use of resources?

A

In service systems, scheduling the use of resources turns out to be a critical element in order to improve the […]

Category: Business & Economics

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Q

To analyze business needs, goals, aims, purpose, or objectives, suitable techniques must play very important roles. These important roles are classified into eight techniques. List these techniques.

A

MOST MOST are a short type of Mission, Objectives, and Strategies. It permits business experts to perform an exhaustive interior […]

Category: Business & Economics

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Q

Who is a business analyst?

A

Business Analyst goes about as the extension between business thoughts and business capacities. They assume an amazingly significant part as […]

Category: Business & Economics

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Q

Explain briefly how lean systems differ from traditional production systems for the key elements of production systems.

A

Production systems include methods and procedures to gather and analyze inputs and outputs. Its main elements are inventory, deliveries, lot […]

Category: Business & Economics

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Q

In considering the foreign trade issue, discuss how the background, education, and cultures of the people in the U.S. and the cultures in each trading country affect their understanding of the importance of foreign trade. Discuss the importance of your ability to understand and accept multiple cultural differences in a global context. What recommendations would you suggest to increase American understanding and acceptance of foreign cultures?

A

International trade is crucial because its effects on me provide a wide range of varieties of a common good. For […]

Category: Business & Economics

Rating: 5

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Q

Explain the role of a SWOT analysis for an organization. Then explain how an organization could use a SWOT analysis to create positive social change, both internally and externally.

A

Well-known and influential corporations can significantly contribute to the process of social change, initiating transformations to improve the well-being of […]

Category: Business & Economics

Rating: 5

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Q

What do you think are favorable conditions for cooperation? What do you think are favorable conditions for competition?

A

Suitable conditions for competing with an incumbent company are when the new business has enough resources to surpass existing ones. […]

Category: Business & Economics

Rating: 5

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Q

Do you want to cooperate rather than compete against the incumbent? What are the pros and cons?

A

Competing or cooperating with an incumbent company is crucial for a start-up one. When the incumbent company poses tough competing […]

Category: Business & Economics

Rating: 5

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Q

In your own words, define positive social change, and describe how a business can incorporate positive social change into its mission to impact society.

A

Positive social change is a process of transforming cultural and social institutions and conditions to achieve a better environment for […]

Category: Business & Economics

Rating: 5

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Q

Explain what effect the changes will have on the equilibrium price and quantity in the following market: Medical reports indicate that spinach is an effective anticancer food, while at the same time, a new, faster-growing variety of spinach is developed.

A

As the belief that spinach intake lowers the rate of cancer, the need for the commodity will rise, making the […]

Category: Business & Economics

Rating: 5

Views

Q

Explain what effect the changes will have on the equilibrium price and quantity in the following market: The government imposes a special excise tax on full-sized SUVs, while at the same time, gas prices decrease dramatically.

A

The state imposing of tax on full-sized SUVs would lower the equilibrium price of full-sized SUV vehicles since their cost […]

Category: Business & Economics

Rating: 5

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Q

Explain what effect the changes will have on the equilibrium price and quantity in the following market: The cost of producing anti-cholesterol drugs increases, and at the same time, medical problems associated with high cholesterol continue to increase.

A

An increase in the production of a commodity increases the overall cost of production of the good, leading to an […]

Category: Business & Economics

Rating: 5

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Q

Explain what effect the changes will have on the equilibrium price and quantity in the following market: The use of computers in business continues to expand; while at the same time, the number of graduates in computer technology programs increases.

A

Computers are a technological innovation that leads to the production of quality goods. Therefore, the increase of computer graduates in […]

Category: Business & Economics

Rating: 5

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Q

Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example, to support your answer. Would your choice be the same if prices were falling?

A

The decision to choose FIFO or the weighted average flow assumption depends on the price dynamic currently on the market. […]

Category: Business & Economics

Rating: 5

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Q

Multilateral trade agreements were designed to reduce world trade barriers on a multilateral basis. Review the World Trade Organization website at WTO.org. Evaluate their mission and success over the past few years? What obstacles do they face?

A

The World Trade Organization (WTO) is a community of global importance and solving the tasks of liberalizing trade and trade […]

Category: Business & Economics

Rating: 5

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Q

What is a Ponzi Scheme and how do you recognize one? Next, survey the Web site of a 2009 60 Minutes CBS broadcast on the Madoff affair, which includes articles, video, and links in this YouTube Video, ‘The Man Who Knew’. According to this site, who discovered the Madoff fraud and then discuss how he discovered it? Who were Madoff’s victims and what were some common elements among the individuals who participated in this scheme? Next, visit the support group Web site created for the victims and report on what you found interesting. In the CBS video, how did Madoff defend himself? Read a Read a Journal article that explains how Madoff’s Ponzi scheme was able to succeed. How did biases in regulatory oversight contribute to the fraud? Sample some of the videos of the congressional hearings on the Madoff scandal. Why did representatives and senators eventually focus their criticism on the Securities and Exchange Commission?

A

In the 1990s, Madoff created an investment pyramid that collapsed after his investors, frightened by the credit crisis, tried to […]

Category: Business & Economics

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Q

What is a pyramid scheme and what is a Multi-Level Marketing plan (MLM)? How do they differ, if at all? See if you can find online information regarding an illegal pyramid schemes and a legal MLM scheme. How can you recognize an MLM if you are approached to get involved with one? Have you ever participated in or invested in either an MLM or an illegal pyramid scheme? Why are fraudulent pyramid schemes naturally unsustainable? Who are the victims? Provide a diagram illustrating the dynamics of pyramid schemes.

A

Network marketing is the concept of selling goods and services, where each sales agent, in addition to selling products, has […]

Category: Business & Economics

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Q

The Coronavirus (COVID-19) may have had a significant negative impact on the UK economy. Use the 3-equation model diagrams to show how the economy can fall into a deflation trap. Explain, with reference to the diagrams, how the central bank or government can intervene to escape the trap. Show the relevant – S curve and re-label the MR as the PR to indicate that fiscal policy is being used. Are there any reasons why these policies might not work?

A

In the face of COVID-19, deflation has been exacerbated, and the figure above is an example of how the deflation […]

Category: Business & Economics

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Q

Assume the market for coffee is initially in equilibrium. Draw a demand and supply diagram to illustrate the initial equilibrium. Explain the impact on the market if there is simultaneously an increase in the price of coffee beans and a decrease in the price of tea. Graphically illustrate the impact on the diagram.

A

The first equilibrium point occurs where the two curves meet, that is, the demand and supply curves. The equilibrium point […]

Category: Business & Economics

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Stuck with your Business & Economics assignment?

Q

What are the lead-time elements in any process? Which could be considered “non-value added”?

A

Q

Why do waiting lines form even though a service system is underloaded? Give an example of when this may happen from your personal or professional experience.

A

Q

What problems not generally found in manufacturing do service systems present in terms of scheduling the use of resources?

A

Q

To analyze business needs, goals, aims, purpose, or objectives, suitable techniques must play very important roles. These important roles are classified into eight techniques. List these techniques.

A

Q

Who is a business analyst?

A

Q

Explain briefly how lean systems differ from traditional production systems for the key elements of production systems.

A

Q

A

Q

Explain the role of a SWOT analysis for an organization. Then explain how an organization could use a SWOT analysis to create positive social change, both internally and externally.

A

Q

What do you think are favorable conditions for cooperation? What do you think are favorable conditions for competition?

A

Q

Do you want to cooperate rather than compete against the incumbent? What are the pros and cons?

A

Q

In your own words, define positive social change, and describe how a business can incorporate positive social change into its mission to impact society.

A

Q

Explain what effect the changes will have on the equilibrium price and quantity in the following market: Medical reports indicate that spinach is an effective anticancer food, while at the same time, a new, faster-growing variety of spinach is developed.

A

Q

Explain what effect the changes will have on the equilibrium price and quantity in the following market: The government imposes a special excise tax on full-sized SUVs, while at the same time, gas prices decrease dramatically.

A

Q

Explain what effect the changes will have on the equilibrium price and quantity in the following market: The cost of producing anti-cholesterol drugs increases, and at the same time, medical problems associated with high cholesterol continue to increase.

A

Q

Explain what effect the changes will have on the equilibrium price and quantity in the following market: The use of computers in business continues to expand; while at the same time, the number of graduates in computer technology programs increases.

A

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Multilateral trade agreements were designed to reduce world trade barriers on a multilateral basis. Review the World Trade Organization website at WTO.org. Evaluate their mission and success over the past few years? What obstacles do they face?

A

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