Chapter 14 Questions 1. A principal-agent relationship is a relationship where an agent makes decisions that affect the principal. Examples of explicit principal-agent relationships are the relationships between a client and a lawyer and between an investor and a money manager. Examples of implicit principal-agent relationships are an employee acting on behalf of its employer and a consumer making decisions‚ such as copying and selling a product‚ that can affect a manufacturer. 2. The
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Section 1 Learning and Applying the Theories Sigmund Freud Case Study 1 Application Questions Use Freud’s states of consciousness and stages of psychosexual development to help explain Hank’s behavior by answering the following questions. 1. What personality (or character) type does Hank display according to Freudian theory? Provide evidence for your answer. At what stage is Hank fixated‚ according to the Freudian perspective? Find evidence of fixation in the case study. What would have caused
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CHAPTER 6 PRODUCTION EXERCISES 4. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such as the shape of the isoquants) help the campaign manager to plan strategy? The output of concern to the campaign manager is the number of votes. The production function has two inputs‚ television advertising and
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Chapter 14 Working Capital and Current Assets Management Solutions to Problems P14-1. LG 2: Cash Conversion Cycle Basic = Average age of inventories + Average collection period = 90 days + 60 days = 150 days (a) Operating cycle (OC) (b) Cash Conversion Cycle (CCC) = Operating cycle − Average payment period = 150 days − 30 days = 120 days = (total annual outlays ÷ 365 days) × CCC = [$30‚000‚000 ÷ 365] × 120 = $9‚863‚013.70 (d) Shortening either the average age of inventory or the average collection
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CHAPTER 14 Transportation in Supply Chain Transportation refers to the movement of product from one location to another as it makes it way form the beginning of a supply chain driver because products are rarely produced and consumed in the same location. Transportation is a significant component of the costs incurred by most supply chains. The role of transportation is even more significant in global supply chains. Modes of transportation • Air transportation. : Although this mode
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ILLUSTRATION QUESTION 1 ABC Bhd uses material X which obtain from an outside supplier. Each delivery of material X consists of 30‚000 kg at a cost of RM5 per kg. The cost of ordering is RM10 per order. The lead time for delivery can vary between 12 and 18 days and the rate of usage of material X also varies between 320 and 480 kg per day. Stockholding cost amount to 9% per annum of the average stockholding value. Required: Calculate the following: |Re-order level in kg
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Requirements a. Draw a graph of the total monthly cost of the three plans for different levels of texting. b. Which plan should you choose if you expect to make: i. 240 texts per month? ii. 780 texts per month? iii. 1‚250 texts per month? Comparison of Monthly Costs of Texting Plans | # of texts | Plan A: $0.10 per text | Plan B Costs: $15 up to 500 ($.08 per Text over 500) | Plan C Costs: $25 up to 1000($.05 per Text over 1000) | 0 | 0 | $
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Chemistry Investigation 14: ------------------------------------------------- To determine the enthalpy change of reaction for: ------------------------------------------------- Na2CO3(aq) + H2O(l) + CO2(g) → 2NaHCO3(aq) Given: S1— Anhydrous sodium carbonate (Na2CO3) S2— Anhydrous sodium hydrogen carbonate (NaHCO3) A1—Aqueous sulfuric acid (H2SO4)‚ 0.500mol dm-3 Apparatus | Uncertainty | Measuring cylinder | ± 0.5 ml | Electronic Balance | ± 0.001 g | Data logger | ±0.2 ℃ |
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Chapter 1 the equity method of accounting for investments Answers to Questions 1. The equity method should be applied if the ability to exercise significant influence over the operating and financial policies of the investee has been achieved by the investor. However‚ if actual control has been established‚ consolidating the financial information of the two companies will normally be the appropriate method for reporting the investment. 2. According to Paragraph 17 of APB Opinion 18‚ "Ability
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management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the system uses standard purchasing price (input cost) and standard inputs usage in place for variable costs‚ and standard spending price (input cost) and standard
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