14 As you consider the factors of production, what did management theoristPeter Drucker believe to be one of the most important contributing factors toincreasing our nation's wealth?Multiple Choicelaborlandknowledgecapital

Factors of production are those elements that form the basis of the economy. They are utilized in…

Answered: As you consider the factors of…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Ch. 8 Q1
Mm.7. Subject:- Account Chang Industries has 1,700 defective units of product that already cost $40 each to produce. A salvage company will purchase the defective units as is for $18 each. Chang's production manager reports that the defects can be corrected for $32 per unit, enabling them to be sold at their regular market price of $34. The $40 per unit is a: Chang Industries has 1,700 defective units of product that already cost $40 each to produce. A salvage company will purchase the defective units as is for $18 each. Chang's production manager reports that the defects can be corrected for $32 per unit, enabling them to be sold at their regular market price of $34. The $40 per unit is a:
Q. Cypress River Landscape Supply is a large wholesale supplier of landscaping materials in Georgia. Cypress River's sales vary seasonally; sales tend to be higher in the spring months than in other months.a. Suppose Cypress River estimates a linear trend without accounting for this seasonal variation. What effect would this omission have on the estimated sales trend?b. Alternatively, suppose there is, in fact, no seasonal pattern to sales, and the trend line is estimated using dummy variables to account for seasonality. What effect would this have on estimation? Thank you for providing answer.
(10 pts) Consolidated Mining Company mines zinc ore at two locations: Blue Mesa (New Mexico) and Dry Pass (Washington State). Once mined, each ton of ore must be moved to one of two processing plants, one near Boise (Idaho), and the other in West Texas. The processed ore is then shipped to three customers, Galvanic Industries, MunchCo, and American Metals. These customers require 600, 400, and 700 tons per day of processed ore, respectively. Blue Mesa can produce up to 800 tons of ore per day at a cost of $12/ton. Dry pass can produce up to 1000 tons of ore per day at a cost of $10/ton. The Boise plant can process up to 1000 tons of ore per day at a cost of $17/ton. The West Texas plant can handle up to 700 tons per day at $15/ton. Shipping costs per ton between the mines, plants, and customers are given in the following two tables: From Blue Mesa From Dry Pass To GalvanicTo MunchCoTo American Metals Shipping cost to Boise$ 4.5$ 3.50 Shipping cost from Boise$ 2.25$ 3.35$ 6.00…
Q.6. What are the two types of decision making?
Complete the Case Problem (Ch. 15) As the newly named president and CEO of Tourism Banff, the Destination Management Organization for the world-famous iconic tourism community location in Banff National Park (BNP), and Canada’s first and most famous national park, you have been asked to formulate a tourism development and promotion policy which balances the needs of residents of the small community of 6,700 permanent residents and the over 5 million annual visitors to BNP. In formulating the requested policy, keep in mind that the town of Banff is located in a National Park, how would you balance the rights and responsibilities of: ENDNOTES a. permanent residents of the community; b. visitors living in the nearby city of Calgary; and c. visitors from the rest of Canada? How would you decide which kind of tourism activities you would both allow and encourage within the National Park?
8 Briefly Discuss OB Models? (Hint:4 models)
Q. 1. Calculate the amount of water required (kg/hr) in a heat exchanger that cools down 100 kg/h of corn slurry from 90 °C to 30 °C. The slurry contains 30% solids from a corn variety having 70% starch, 10% protein, 4% oil, 10% fiber and 6% ash on a dry basis. The inlet water temperature is 10 °C and the heated water temperature is not to exceed 40 °C. The datum temperature for this problem should be assumed to be 10 °C? Q. 2. Using the corn dry grind process, how much theoretical ethanol yield (in gallons) can be obtained from a 100 bushels corn sample having 12% moisture content and containing 70% starch on a dry basis? ""
Wheelan's Chapter 9, 'Keeping Score'
Q.12. Profits do not have to be shared. This statement refers to:A. PartnershipB. Sole proprietorshipC. CompanyD. Corporates. Select one
Ch8 1. The chapter discusses the notion of transfer of training. Why is transfer of training so important? Pretend you are a training coordinator in an auto wheel assembly plant. What steps would you take to enhance transfer of training among your training participants?”
3

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As you consider the factors of production, what did management theorist Peter Drucker believe to be one of the most important contributing factors to increasing our nation's wealth? Multiple Choice labor land knowledge capital O