Manufacturing is important to the economy because:
| it generates wealth |
| it supports service industries |
| it adds value to products |
| all of the above |
| none of the above |
Manufacturing is important to the economy because it is an general productivity of a national economy and it generates wealth , it also support services industries as well as it adds value to product so the option is
d) All of the above
Manufacturing is important to the economy because: it generates wealth it supports service industries it adds...
A simplified economy has three industries: manufacturing M, transportation T, and service S. The input-output matrix for this economy is Input requirements of M 0.20 0.15 0.101 s 0.20 0.10 0.10 M T S from T 0.10 0.30 0.25 Find the gross output needed to satisfy the consumer demand of $120 million worth of manufacturing, $80 million worth of transportation, and $45 million worth of service (Round your answers to two decimal places.) manufacturing transportation service million dollars million dollars...
In a market economy, supply and demand are important because they a. are direct policy tools used by government agencies to regulate the economy. b. illustrate when an market is in equilibrium, but they are not helpful when a market is out of equilibrium. c. can be used to predict the impact on the economy of various events and policies. d. All of the above are correct. Part B. Price controls a. always produce a fair outcome. b. always produce...
QUESTION 20 The decision to expense or capitalise an item is important because: it may have direct implications for the value of the organisation and wealth of managers it may have an impact on contractual arrangements that are based on accounting numbers related to profits and/or assets it may give managers scope to maximise personal wealth, in line with Positive Accounting Theories All of the given options are correct.
Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized. Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply. The wage of manufacturing workers will fall. The demand for manufacturing workers will remain unchanged. The supply of manufacturing workers will increase. Some manufacturing workers will become unemployed. Which of the following describes the effect of the changes in the manufacturing labor market...
A market offering will consist of five product/service levels. Each levels adds more customer value, and together the five constitute a customer-value hierarchy (Kotler & Keller 2106). Company: Burt’s Bees Natural Pet Industry of Focus: all natural pet products, such as shampoo, conditioner, brushes, etc. Core Benefit: Basic Product: Expected Product: Augmented Product: Potential Product: Need some help determining the different product levels for Burt's Bees Natural Pet offerings?
2. Cost information is very useful to: a. Manufacturing organizations b. Service organizations c. Not-for-profit organization d. All of the above e. None of the above
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and fewer purchases A decrease in r price level increase tends to reduce net exports, thereby reducing the amount of real goods a. The b. The international banner effect C. rvices purchased in the U.S. Economists refer to this phenomenon as international wealth...
The role of managers in corporate level strategy is to: Identify markets or industries in which a company should compete to maixmise long term profitability Invent products that ensure the long run success of the company Use their corporate power to ensure the profitability of functional level strategies All the above None of the above outsourcing can add value to the product provided to the customers true false
When speaking about the quality challenge, customers and producers/service providers may have a difference in perspective. What two perspective areas tend to be most important to customers? Cost and repeatability Delivery and packaging Value and use All of the above None of the above
Cash is as important as profit in a company because: Managing cash improves profitability Cash is one of the key measures on the income statement Cash is what keeps a company running from day to day Cash is a measure of shareholder value A company has more cash today when: Customers pay their bills sooner When accounts receivable increases Profit increases Retained earnings increases The fundamental accounting equation that is used for the balance sheet is: Owners equty=cash and cash...