chapter Six businesses and Their Costs ANSWERS TO END-OF-CHAPTER QUESTIONS 6-1 Distinguish clearly between a plant‚ a firm‚ and an industry. Contrast a vertically integrated firm‚ a horizontally integrated firm‚ and a conglomerate. Cite an example of a horizontally integrated firm from which you have recently made a purchase. A plant is an operating unit where production takes place. This production can be manufacturing‚ farming‚ mining‚ retailing‚ wholesaling‚ warehousing—anything
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and appear below: Month 1 2 3 4 Wait time per order before start of production‚ in days 16.7 15.2 12.3 9.6 Inspection time per unit‚ in days 0.1 0.3 0.6 0.8 Process time per unit‚ in days 0.6 0.6 0.6 0.6 Queue time per unit‚ in days 5.6 5.7 5.6 5.7 Move time per unit‚ in days 1.4 1.3 1.3 1.4 Required: 1. For each month‚ compute the following operating performance measures: a. Throughput time. b. Manufacturing
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Chapter 6 Inventory & Cost of Goods Sold Short Exercises (10 min.) S 6-1 Billions Inventory………………………… 3.8 Cash…………………………... 3.8 Accounts Receivable…………. 19.7 Sales Revenue………………. 19.7 Cost of Goods Sold…………… 4.5 Inventory……………………... 4.5 Cash……………………………… 18.8 Accounts Receivable………. 18.8 (10-15 min.) S 6-2 1. (Journal entries) Inventory………………………………….. 120‚000 Accounts Payable……………………
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is $6 per unit‚ and the profit for product 2 is $4 per unit. a. Formulate a linear programming model for this problem. b. Solve this model by using graphical analysis. 6) The Pinewood Furniture Company produces chairs and tables from two resources-labor and wood. The company has 80 hours of labor and 36 pounds of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 pounds of wood‚ whereas a table requires 10 hours of labor and 6 pounds
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World Geography Lesson 6 Assignment 06 Discuss South Africa’s apartheid policy of 1948. How was it initiated? Provide historical information of the time from the passing of this policy until gaining independence in 1979. The seeds of Apartheid were sowed as early as 1910‚ but South Africa’s Apartheid policy officially became law in 1948‚ after the Reunited National Party won the white minority elections on the 28th of May 1948. The Apartheid policy‚ later referred to as “separate development”
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•Asynchronous communications: –Receiver gets message after some delay 2. Describe the elements and steps involved in the telecommunications process. The model starts with a sending unit (1) such as a person‚ a computer system‚ a terminal‚ or another device that originates the message. The sending unit transmits a signal (2) to a telecommunications device (3). The telecommunications device—a hardware component that facilitates electronic communication—performs many tasks‚ which can include
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Exercise 6 Solution Chapter 6 Elasticity: The Responsiveness of Demand and Supply 6.1 The Price Elasticity of Demand and Its Measurement 1) Price elasticity of demand measures A) how responsive suppliers are to price changes. B) how responsive sales are to changes in the price of a related good. C) how responsive quantity demanded is to a change in price. D) how responsive sales are to a change in buyers’ incomes. Answer: C Comment: Recurring Diff: 1 Page
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Test Your Knowledge Form Chapter Number and Title: Chapter 6 – Intellectual Property Rights and Computer Technology Your Name: Today’s date: 1. Briefly state the main idea of this chapter. The main idea of this chapter is on computer products and services. Within the computer products and services it focuses on copyrights‚ trademarks‚ and patents. With that in mind‚ it details the foundation of intellectual property and the steps you should follow to protect yourself and your ideas
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functions of money. a. a U.S. penny Money‚ because it’s a medium of exchange and it serves as a store of value and a unit of account b. a Mexican peso Not money in U.S. economy‚ because it is not used as medium of exchange or unit of account in United States; could serve as store of value. c. a Picasso painting Not money‚ because it cannot be used as medium of exchange or unit of account‚ but it could be a store of value. d. a credit card Not money; it is an instrument of short-term borrowing
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ESSR Final part 1 Hypothesis: If the 6 Rights of medications are thoroughly observed and followed by nurses then the medications errors are reduced. During the past decade‚ patient safety within health care systems has been publicly scrutinized and critically examined from both human and monetary cost perspectives. “ It is estimated that medical errors are the eighth leading cause of death each year in the United States (Harding et al).” According to this study medication errors are common
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