Questions
How can capital indivisibility create an economy of scale? Adam Smith claimed that he had discovered...

  1. How can capital indivisibility create an economy of scale?

  1. Adam Smith claimed that he had discovered the most important factor affecting productivity. What was he referring to?

  1. What is craft production?

  1. What type policy did Adam Smith advocate in order to realize this economy of scale?

  1. Large firms can often buy inputs in large quantities. This often creates an ________.

Diseconomies of Scale – Sources and Possible Remedies  

  1. What are the most important diseconomies of scale at the plant level? _________. What is the solution to this problem? ___________
  1. What is the most important diseconomy of scale at the firm level? _________ How have firms addressed this issue? _______
  • US Steel was created to monopolize the steel industry. It had a 64% market share. What happened next? Did US Steel find a solution to its diseconomy of scale?
  • Downsizing?
  • “Taylorism?” How have workers usually reacted to Taylorism? Why did the Soviet leader V.I. Lenin think that Soviet workers would embrace “Taylorism?” Did Soviet workers like Taylorism?
  • piece-rate pay?
  • Piece-rate pay can be an effective solution to shirking, however, it does require that the firm use or employ a _____ to make sure that workers do not cut corners.
  • Requiring managers to buy the company’s stock?
  • Creating residual claimants?
  • hostile take overs? Compared to the U.S., hostile take overs have been rare in Europe and Japan. What have been the consequences for Europe from not allowing hostile take overs? _____________. What have been the consequences for Japan from not allowing hostile take overs? ______________
  • efficiency wage?

In: Economics

We want to be local and global, small and big, radically decentralized with central reporting and...

We want to be local and global, small and big, radically decentralized with central reporting and control. If we can solve those contradictions, we can create real organizational advantage'. - The former CEO of ABB

Questions:
1- Based on the international corporate strategy, how can a company be local or global?
2- Does the corporate strategy (local or global) depend on the sector, customers or industry?
3- How can companies solve the contradictions of being local and global?

In: Operations Management

The manager of Dukey’s Shoe Station estimates operating costs for the year will include $405,000 in...

The manager of Dukey’s Shoe Station estimates operating costs for the year will include $405,000 in fixed costs. Required: a. Find the break-even point in sales dollars with a contribution margin ratio of 50 percent. b. Find the break-even point in sales dollars with a contribution margin ratio of 30 percent. c. Find the sales dollars required to generate a profit of $250,000 for the year assuming a contribution margin ratio of 50 percent.

In: Accounting

Indicate (with brief descriptions) the monetary factors which have been proposed as causes of the Depression...

Indicate (with brief descriptions) the monetary factors which have been proposed as causes of the Depression which began in 1929 in the United States.

In: Economics

Please assume that you are creating a product. (production of text books) For your product, please...

Please assume that you are creating a product. (production of text books) For your product, please perform the following:

1) Identify at least ten costs related to your product (Direct materials, Direct labor, Overhead, Period costs) - you much use each category at least once. Determine the value of each of these costs on a per unit level. Refer to lecture for additional explanation.

2) List each of your costs to determine the Total Product cost of your product.

3) Determine a reasonable Sales price for your product.

4) Determine the amount of Target profit you would like to earn from this product for each of the next three years.

5) Calculate Break-even based on your Target profit for each of the three years.

6) Create a proforma Income statement for each of the three years.

In: Accounting

Narrate a personal experience in which someone else's reaction to misinformation revealed something meaningful and true.

Narrate a personal experience in which someone else's reaction to misinformation revealed something meaningful and true.

In: Psychology

Based on what you have learned from the empirical literature about the risks and delirious effects...

Based on what you have learned from the empirical literature about the risks and delirious effects associated with intimate partner violence. What intervention(s) would you recommend for the Jacques family? Describe the intervention and its evidence.

In: Psychology

Imagine a study in which you will visually present participants with a list of 20 words,...

Imagine a study in which you will visually present participants with a list of 20 words, one at a time, wait for a short time, and then ask them to recall as many of the words as they can. In the stressed condition, they are told that they might also be chosen to give a short speech in front of a small audience. In the unstressed condition, they are not told that they might have to give a speech. What are several specific things that you could do to standardize the procedure?

In: Psychology

Risks are part and parcel of investing. Propose methods generally used to manage risk by any...

Risks are part and parcel of investing. Propose methods generally used to manage risk by any potential investor.

In: Accounting

could you please explain constructive interference and destructive interference I'm having trouble wrapping my brain around...

could you please explain constructive interference and destructive interference I'm having trouble wrapping my brain around it I'm completely lost. thank you

In: Physics

CP2 Major Project #1: Design a complete system according to the below requirements.. It Includes:1) A...

CP2 Major Project #1:

Design a complete system according to the below requirements.. It Includes:1) A Class called CandyOrder which stores information about the variety of the Candy (such as Snickers), the price per bag/box (such as 2.99), and the amount of bags/boxes (such as 2) ordered. The CandyOrder class should contain a constructor and a default constructor (sets variety to "Snickers", prices to $2.99, and box amount to 1). Accessor and Mutator methods for all instance variables. A toString method returning all instance variable values for thisobject.An equals method which returns true if variety and price are the same.---------------------------------------------------------------------------------------------------------------------

2) A Class called MasterOrder:

private CandyOrder[] orders; //required instance var /** Constructs a new MasterOrder object.

*/ public MasterOrder(int len) {//Constructs array orders (above) with len for length }

public boolean addOrder(int spot, String variety, int boxes, double price) {//create a new CandyOrder object and place in position spot in array orders//validate that spot in orders is null and that spot is not >= length of array orders//if validation fails, return false -- else return true}

public int getTotalBoxes() {//returns the total of amount of boxes in CandyOrder}

public double getTotalCost() {//returns the total cost of all of boxes in CandyOrder}

public CandyOrder[] removeVariety(String candyVar) { //removes any object from CandyOrder that has a variety of candyVar, new possible decreased array of CandyOrder (minus candyVars) returned }

public String printOutInfo() {//returns a combined string of all outputs in array orders using toString method in CandyOrder -- seperate each object by a newline---------------------------------------------------------------------------------------------------------------------

3) Main Driver Class:

a) prompt user for the length of the CandyOrder Array desired.

b) create a MasterOrder object passing the length from item a above

c) enter the amount of CandyOrders objects required in length via the addOrder method

d) call getTotalBoxes to printout total of all boxes

e) call getTotalCost to printout total cost of all CandyOrders in array

f) call removeVariety on a variety you have in the CandyOrder array in MasterOrder

g) call printOutInfo to printout all info in MasterOrder

In: Computer Science

A very well-known author, Dan Green was visiting a friend to talk about topics for a...

  1. A very well-known author, Dan Green was visiting a friend to talk about topics for a new book. The friend, Mr. Snoop said that he had been at a party when he heard about something called the Da Vinci Code. Mr. Snoop told Green all about the Da Vinci Code. Green was very excited and rushed to his office. Over the next two days, Green wrote a book called the La Vinci Code. After the book was released to stores around the country, Green sold all rights to BS Studio. BS Studio made a TV movie from the book, which changed the location setting from Paris to Fullerton and changed the character names.Discuss all legal issues

In: Operations Management

The cash account of the Malpractice Medical Company at May 31, 2019 is $35,670. The bank...

The cash account of the Malpractice Medical Company at May 31, 2019 is $35,670. The bank statement indicated a balance of $43,525 on May 31. Comparing the bank statement, the cancelled checks and the accompanying memos with the records revealed the following reconciling items:

  1. Checks outstanding totaled $6,440
  2. A deposit of $1,850 representing receipts of May 31, had been made too late to appear on the bank statement.
  3. The bank collected for Malpractice Medical $5,250 on a note left for collection. The face amount of the note was $5,000
  4. A check for $390 returned with the statement had been incorrectly charged by the bank as $930
  5. A check for #210 returned with the bank statement had been incorrectly recorded by Malpractice Medical as $120. The check was for the payment of an obligation to XYZ Company on account
  6. Bank service charges for May amounted to $30
  7. A check for $1,325 from DEF Company was returned by the bank due to insufficient funds

Required:

Prepare a bank reconciliation as of May 31, 2019

Journalize the necessary adjusting entries

In: Accounting

Draw something interesting with JavaFX. The drawing must be something coherent - random shapes on the...

Draw something interesting with JavaFX. The drawing must be something coherent - random shapes on the canvas will not receive near full marks. Your drawing must make use of at least the following:

1) a compound object generated by a for loop

2) each of a rectangle, arc, circle, ellipse, line,

3) at least 15 shapes overall

4) 5 different colours

5) the use of translation, rotation, and scaling

In: Computer Science

If you sue for $200.00 in the Civil Court, Small Claims Part, tell me what choices...

If you sue for $200.00 in the Civil Court, Small Claims Part, tell me what choices you would make and the benefits or detriments(harm) that would result and why?

In: Operations Management