Managerial reporting systems are: C. Flexible.
What is managerial reporting?Management reporting can be defined as what help to provide manager with data or information that are essential during decision making process and this managerial reporting as well help to store organization operation performance.
One of the advantage of managerial reporting system is that it enables companies or organization to set strategic goals for their employees or workers. Managerial reporting system is flexible or relatively flexible.
Managers can make use of the managerial reporting data to effectively and efficiently run their day to day business operation and they can as well make use of this data or information during decision making process.
Based on this managerial reporting system is not standardized neither is it rigid but rather managerial reporting systems are Flexible.
Therefore we can conclude that the correct option is C.
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_________ exists when employees are able and eager to learn and when their organizations encourage learning. (LO 7.2, LO 7.5)
Readiness for training exists when employees are able and eager to learn and when their organizations encourage learning.
Employee training is defined as a set of skills outlined and planned to train the employees for growth and advanced skills required for job. Intention of employee training is to contribute to the larger goals of company. These involve management, technical and vocational skills.
Employees must be introduced the concept of training as a way to improve their chances of growth and development. This will create eagerness in the employees to join such organizational training. It will also improve the work environment and contribute to company's success.
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A cook who has been diagnosed with hepatitis a should not be involved with food preparation untild by a physician 2 continue working around food as long as he or she practices careful handwashing be permanently dismissed from his or her position be allowed to work if he or she feels well enough to do so?
A cook who has been diagnosed with hepatitis : A) should refrain from participating in food preparation until given the all-clear by a doctor.
Hepatitis is inflammation of the liver. Inflammation is swelling that happens when tissues of the body are injured or infected. It can damage your liver. This swelling and damage can affect how well your liver functions. Hepatitis can be an acute (short-term) infection or a chronic (long-term) infection.A illness that causes liver inflammation is autoimmune hepatitis. Although the precise cause is yet unknown, researchers believe that a mix of genetic and environmental factors may be to blame. It makes the immune system of the body mistake the liver tissues and cells for foreign intruders and attack them similarly to lupus. If left untreated, it can permanently damage the liver, which can eventually result in cirrhosis and liver failure.
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Adam Smith advocated _______ to produce products more quickly.
Multiple Choice
job specialization
division of labor
unity of direction
job rotation
centralization
Adam Smith advocated job specialization to produce products more quickly.
What did Adam Smith say on job specialization ?Adam Smith promoted job specialization as a means of accelerating the production of goods. In order to understand how specialization in manufacturing might help make goods more rapidly and efficiently, he invented the concept of absolute advantage.
He presented the example of a pin factory as evidence for his claim that workers who are more specialized may produce more.
In conclusion, Adam Smith argued for job specialization to increase the speed of production.
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What describes money or other things of value that are received by the broker on the part of another person
Trust funds are money or other things of value that are received by a broker or salesperson on behalf of a principal or any other person
What is the position of broker?A sales professional known as a broker will carry out sales transactions between two parties in return for a commission. Brokers facilitate the sale of financial products, real estate assets, intellectual property, tangible objects, and other items in the real estate, financial, and other industries.A broker is, in general, someone who makes purchases and sales on behalf of others. They act as the intermediaries between the parties. A broker is a person or business that executes buy and sell orders on behalf of investors for a fee or commission.The word "broker" comes from the Old French word broceur, which means "little merchant" and may have been derived from Old French brocheor, which means "wine retailer" and comes from the verb brochier, which means "to broach (a keg)".To learn more about broker refers to:
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All of the following income items are federally taxable EXCEPT:O A $16,000 distribution from a public pension plan.O Income in the amount of $12,000 from an illegal activity.O A wedding gift from a non-relative in the amount of $10,000.O Interest on a certificate of deposit in the amount of $550.
All of the following income items are federally taxable except interest on a certificate of deposit in the amount of $550.
What is considered taxable income under federal law?
Your salary, dividends, capital gains, company revenue, retirement pay-outs, and other sources of income are all included in your gross income. Adjustments to income can be made for things like tuition costs, interest on student loans, alimony payments, or contributions to retirement accounts.
What 5 expenses are covered by federal taxes?
The other expenditures go toward funding public education, building essential infrastructure like roads, bridges, and airports, caring for farms, the environment, and scientific and medical research, as well as other fundamental responsibilities of the federal government.
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The advantage of having few suppliers is to
O pursue low cost.
O take advantage of diseconomies of scale.
O form a long-term relationship.
O look for short-term attributes.
Option C is correct answer. The advantage of having few suppliers is to form a long-term relationship.
Building a long-term healthy relationship between the supplier and the organization will allow ideas and feedback to be shared. This will allow for operational improvements, streamlining the supply chain, cost reductions, and improved customer service. Depending on fewer suppliers will also reduce risk significantly. With as there are less suppliers to handle, your company can concentrate on mitigating all relevant risks all through the supply chain. Your company can devote more resources to improving compliance as well as other regulatory provisions.
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FedBizOpps.gov is a forum that provides resources to find business opportunities with the government to fit a firm's strategy. allows organizational buyers to voice their concerns about suppliers. allows organizational buyers to conduct an online vendor analysis approved by the government. provides information on the prices of essential goods in the U.S. market. O provides information on the prices of luxury goods in the U.S. market.
FedBizOpps.gov is a forum that provides resources to find business opportunities with the government to fit a firm's strategy.
FedBizOpps.gov is a website maintained by the U.S. General Services Administration (GSA) that serves as a one-stop-shop for businesses looking to do business with the federal government.
It provides access to current and future procurement opportunities, including solicitations, contracts, and task orders, as well as information on how to do business with the government. It does not provide resources for organizational buyers to voice their concerns about suppliers, conduct an online vendor analysis approved by the government, or provide information on the prices of essential or luxury goods in the U.S. market.
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What are the 6 steps in performance goals?
Realize the value of setting goals.
Put your objectives on paper.
Create SMART goals.
Create an extensive action plan.
What are the six different goals?process-based objectives.
goal-based on outcomes.
goals based on learning.
goals based on numbers.
goals based on quality.
temporal objectives.
What are the seven steps to achieving your objectives?Decide what matters most to you in life. To keep you motivated, goals ought to be advantageous to you.
Decide on a goal and record it.
Identify challenges.
Plan beforehand.
Make a timetable.
Block and commit time.
Recruit a partner for accountability.
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The corporate social responsibility model of A. B. Carroll is based on three major principles, and is sometimes summarized as people, planet, and profit. True False
People, planet, and profit are sometimes used as a shorthand for A. B. Carroll's three main tenets that form the foundation of his corporate social responsibility approach. True
A sort of international private business self-regulation known as corporate social responsibility (CSR) aims to support charitable, activist, or philanthropic social goals by taking part in or promoting volunteer labor or other morally upright actions. Prior to the creation of several national and international legislation, CSR might formerly be classified as an internal corporate policy or a company ethics approach. Numerous firms have taken it further than individual or even sector-wide initiatives. On the other hand, it has traditionally been viewed as a form of corporate self-regulation. it has substantially evolved over the past 10 years from voluntary decisions made at the level of individual enterprises to required policies at the regional, national, and international levels.
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You deposit $16,000 into your savings account today. You would like to withdraw the same amount of money from your account at the beginning of each year for the next 20 years. What is the maximum possible annual withdrawal if you earn 6.5% annual interest
The maximum possible annual withdrawal if you earn 6.5% annual interest is $1040.
What is interest?The cost associated with borrowing money is expressed in terms of interest. Although the interest rate used to compute interest is normally reported as an annual percentage rate, interest expense or revenue is sometimes expressed as a dollar figure (APR). A lender or financial institution is paid money in the interest as compensation for lending out money. Frequently, a person's creditworthiness, the length of the loan, or the type of loan will determine how much interest they must pay. All other things being equal, increased risk entails higher interest and interest rates; as a result, the lender may charge a higher interest rate to entice the borrower to make payments due to the higher risk to the lender of the borrower's inability to do so.
Percent= 6.5%= 0.65
Amount= 16,000* 0.65= $1040
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What are the 2 Behaviours of an effective scrum master?
The Scrum Master is responsible for supporting and promoting the following team characteristics: Acquisition of Autonomy, Ownership and Responsibility
What are two behaviors the Scrum Master should represent as a coach?Support the team in problem resolution and dispute resolution. Guide your team to 'grow to the point where members learn how best to learn from each other'. Change the attitudes, mindsets, and behaviors that prevent the team from doing Scrum successfully. Guide your team to give each other open and honest feedback.
What are main tasks of the Scrum Master?1) Standups – Enable daily standups (or daily scrums) as needed. 2) Iteration/Sprint Planning Meetings - Prevent your team from being overwhelmed or narrowed in scope. 3) Sprint Review - Attend a meeting to collect feedback.
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How much does a general ledger make?
A general ledger typically earns a salary that is commensurate with their experience and education.
In the United States, the median salary for a general ledger is approximately $70,000 per year. A general ledger is responsible for maintaining the financial records of a company. This includes keeping track of all income and expenses, as well as preparing financial statements.
A general ledger typically has a four-year degree in accounting or business administration. A general ledger is used in accounting to record all of a company's transactions. Transactional data in a general ledger is classified as assets, liabilities, revenues, expenses, and owner's equity.
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accounting professionals who provide services to many clients is called
Accounting professionals who provide services to many clients is called public accountants.
What does "public accountant" mean?
A business or individual accountant who serves several clients, who may be small businesses or very large organizations, is said to do public accounting. Public accountants offer tax services, financial planning advice, and financial recommendation services. In the financial industry, CPAs could also provide budgeting or cash management assistance.
What qualifications do public accountants need?
All tax forms must be filed, frequent audits must be conducted, and business activities must be examined. You must possess in-depth understanding of the budgeting, auditing, and bookkeeping procedures in order to be successful in this position. Our ideal applicant is incredibly professional, has great organizational and communication abilities.
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Is Triangle A prime B prime C prime a dilation of triangle ABC explain?
No, it's not dilation because the points of the image don't move proportionally from the dilation center.
What does dilation mean?In Mathematics Dilation is a transformation used to change the size of an object. Dilation is used to increase or decrease the size of objects. The transformation produces an image, which is similar to the original shape. But, the size of the shape is different.
What happens during dilation of an image or shape?Dilation is a type of transformation that enlarges or shrinks shapes (called archetypes) to create new shapes (called images). The scaling factor determines how large or small the dilated image is compared to the original image.
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True/False Questions
1. Identity and self-esteem can rarely be found in the workplace. (T or F)
2. Through work, economic self- sufficiency can be found. (T or F)
3. Work serves a social function in society. ( T or F)
4. One area where we clearly see technological change at work is in the field of robotics, (T or F)
5. White females have historically dominated the American economic workforce. (T or F)
6. Over the last decade, Japan experienced an 8.5 percent annual growth rate in manufacturing productivity. (T or F)
7. When managers oversee the work of their subordinates, it is called controlling. (T or F)
8. A concern of micro-organizational behavior is the behavior of individuals and groups. (T or F)
Identity and self-esteem can rarely be found in the workplace. Thus, the statement was the false. Thus, option (b) is correct.
What is workplace?A workplace, often known as a place of employment, is a place where people work on activities, jobs, and tasks for their employer. A workplace is a place where someone works, either for their employers or for themselves. Work-life balance and flexibility.
According to the self-esteem is not to the necessary as the workplace. (false)
Through work, economic self- sufficiency can be found. (true)
Work serves a social function in society. (true)
One area where we clearly see technological change at work is in the field of robotics. (true)
White females have historically dominated the American economic workforce. (false)
Over the last decade, Japan experienced an 8.5 percent annual growth rate in manufacturing productivity. (false)
When managers oversee the work of their subordinates, it is called controlling. (false)
A concern of micro-organizational behavior is the behavior of individuals and groups. (true)
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the official title for the proposed budget submitted to congress by the president
The official title of the proposed budget submitted to Congress by the President is the President's Budget Proposal.
What is budget?A budget is a plan for how to allocate financial resources over a defined period of time. It typically involves specifying the amount of money to be spent on specific items, such as rent, utilities, food, and entertainment. Creating a budget can help individuals and families manage their finances more effectively, as it allows them to plan ahead and save money. It also allows people to track their spending, ensuring they are living within their means and not overspending. Additionally, a budget can help individuals and families identify areas where they can cut back, allowing them to save more money and reduce their debt.
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A "passion for the product" works as a(n) ______ motivator. extrinsic intrinsic equitable valid inspirational
A 'passion for the product' works as an B: intrinsic motivator.
Intrinsic motivation is described as the doing of an activity for its inherent satisfaction instead of some separable consequence. An intrinsically motivated individual moves to act for the challenge or fun entailed rather than because of external pressures, rewards, or products. In simple terms, with intrinsic motivation, an individual involves doing things because they are personally rewarding to them.
Thus, a 'passion for the product' is defined as an intrinsic motivator.
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What is the main responsibility of a scrum team?
They have to breakdown the requirements, create task, estimate and distribute them. In other phrases this ability that they have to create the Sprint Backlog. They have to operate the quick Daily Sprint Meeting.
What are the key responsibilities of a scrum team?Optimizing the price of work executed by using the Development Team. Creating a product vision and market method and ensuring that it aligns with client requirements. Solely accountable for ordering and managing the Product backlog. Expressing the Product Backlog objects clearly.
The Scrum Master is accountable for creating and onboarding assignment teams, integrating them into the enterprise and presenting a clear vision of the product. The Scrum Master also allows verbal exchange and data trade between external organizations and the assignment team.
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https://brainly.com/question/30097815#SPJ4The wage rate increases in a purely competitive industry. This change will result in a(n): A) Decrease in average total cost for a firm in the industry B) Decrease in average variable cost for a firm in the industry C) Increase in the marginal cost curve for a firm in the industry D) Increase in the short-run supply curve for a firm in the industry
The wage rate increases in a purely competitive industry and this change will result in an option C) Increase in the marginal cost curve for a firm in the industry.
A highly competitive industry has few obstacles and permits enterprises to readily enter and depart the market. Because anybody has the option to create a new pizza shop and current owners has the option to shut down whenever they want to, the industry for pizza restaurants in a particular large urban area, for instance, may be very competitive.
The difference between the overall cost and the change in energy capacity is known as the marginal cost (MC) curve. The MC curve and the company ’s supply curve are identical in totally competitive marketplaces.
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What are the 3 types of controls?
The 3 types of controls are Administrative controls, Technical controls and Physical controls
What is controls?Controls are the mechanisms used in organizations to ensure that objectives are met. They serve to limit risk, encourage compliance with regulations, and ensure that resources are allocated appropriately. Controls can include organizational policies, procedures, training, supervision, and internal audit systems. They are typically designed to protect the organization from financial, operational, and reputational risks. Controls can also be used to measure and monitor performance, ensuring that goals are achieved. They are an essential part of any organizational system and help to ensure that operations are running smoothly and efficiently.
1. Administrative controls: These are policies, procedures, and organizational structures that are put in place to ensure security.
2. Technical controls: These are tools and measures that are used to protect information systems, networks, and data.
3. Physical controls: These are physical barriers, locks, and access control systems that are used to protect physical assets and facilities.
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delays the repair for five days, aware that Auto Tech loses a certain percentage of profit each day. An award to Auto Tech of consequential damages would
If a contractor delays the repair for several days that causes loss to the Auto Tech, then a fund is awarded to the company to balance out their foreseeable loss because of the contractor.
This is called "Compensation". What is compensation, one may ask? The act of giving someone money or other items of economic worth in exchange for their goods, labour, or to cover the costs of damage they have sustained is referred to as financial compensation.
It can be done in several forms:
Monetary recompense, which includes payment.Property recompense, which means that damaged property was repaired or replaced.Product recompense, where a defective product is replaced by the company.Legal recompense, where a party is obliged to compensate the loss of wealth or reputation of another party.To know more about the profit, click here https://brainly.com/question/15699405
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Knowing that Auto Tech will lose a certain amount of profit every day, delays the repair for five days. If Auto Tech were to receive consequential damages, they would be able to pay for an anticipated loss outside of the scope of the contract.
Definition of a contract violation Give examples of the possible sanctions for contract violations.When one of the parties doesn't fulfill their obligations, there is a breach of the contract. Even if the contract's terms are not adhered to exactly, there is still a violation. Despite this, there are a number of remedies available to compensate the offended party for their losses in such contract violations.
What does "expectation loss" entail with respect to contractual damages?This is often how damages for contract violations are determined. The profits they would have anticipated making had the contract been completed less the expenses they would have invested to obtain that profit might be used to assess the loss of deal suffered by the innocent party.
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How is command economy different?
Command economy forgoes letting market forces such as supply and demand decide output or pricing.
What makes the economy a good example?The traditional economy, which uses a country's traditions and history to inform product development and marketing, is a well-known illustration of an economy. Agriculture, fishing, and wildlife were the only foundations on which early civilizations were built.
What do you mean when you say economic wealth?When people hear the phrase "economics," many of them assume it only concerns wealth. Money is only one aspect of economics. It involves weighing a variety of options or possibilities. Some of these significant decisions are influenced by finances, but not all of them.
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The unemployment rate is interpreted as the:
O percentage of the population that are not working full-time
O percentage of the population that are not employed
O percentage of the labor force that are working
O percentage of the labor force that are unemployed
The unemployment rate is the percentage of people in the labour force who are unemployed. Consequently, measuring the unemployment rate requires identifying who is in the labour force. The labour force includes people who are either employed or unemployed.
The correct option is (d)
Now, According to the question:
What Is the Unemployment Rate?
The unemployment rate is the percentage of the labor force without a job. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions, rather than anticipating them. When the economy is in poor shape and jobs are scarce, the unemployment rate can be expected to rise. When the economy grows at a healthy rate and jobs are relatively plentiful, it can be expected to fall.
The unemployment rate is the percentage of people in the labour force who are unemployed. Consequently, measuring the unemployment rate requires identifying who is in the labour force. The labour force includes people who are either employed or unemployed.
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Caleb Company is a sporting goods store. The company sells a tent that sleeps six people. The store expects to sell 200 tents in 2018 and 290 tents in 2019. At the beginning of 2018, Caleb Company has 10 tents in Merchandise Inventory and desires to have 50% of the next year's sales available at the end of the year. How many tents will Caleb Company need to purchase in 2018?
Begin by selecting the labels, then enter the amounts to compute the budgeted tents to be purchased.
___________ ______
Plus: _______ ______
Total tents needed _________ _____
Less: ________ ________
Budgeted tents to be purchased _______
Labels:
2018 Sales: 200
2019 Sales: 290
Beginning Inventory: 10
Desired Ending Inventory: 145
Plus: 200 + 290 = 490
Total tents needed: 490 + 10 = 500
Less: 145
Budgeted tents to be purchased: 500 - 145 = 355
In order to have 50% of the next year's sales (145 tents) available at the end of the year, Caleb Company needs to purchase 355 tents in 2018. This is calculated by finding the total tents needed for 2018 and 2019 sales (490) and adding this to the beginning inventory (10 tents).
Then, the desired ending inventory (145 tents) is subtracted from the total tents needed to get the budgeted tents to be purchased (355 tents).
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Which of the following would be an example of an objective in Step 1 of the price-setting process?Select one:a. We need to forget profits right now; just make sure we break even.b. We need to find the least expensive distributor.c. We need to hire a professional accountant.d. We need to increase the price during the holiday shopping season.e. We need to make allowances for large quantity orders.
To set a price-setting process, a business owner will need to forget profit and make sure they break even .option A
What is break-even analysis?Break-even analysis is a mini business accounting process used to determine what point or season a product is profitable. It is financially calculated to determine what time or point to produce a number product that will yield profit that must produce sales in order to cover for production cost.
Break-even analysis will include calculating and examining the margin for safety( a point where business incurred neither profit nor loss) which falls on the profit that will be obtain and the cost of production.
Therefor break even analysis determines how many sales it will take to pay for the cost of doing a business. It shows how many quantity of products that must produce in order to cover for cost of production.
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Wild & Scenic River Tours, Inc., is a corporation. Wild & Scenic has the implied power to a. issue stocks and bonds. b. execute contracts and negotiable instruments. c. buy and sell (or lease) property. d. perform all acts reasonably appropriate and necessary to accomplish its corporate purposes.
A corporation is Wild & Scenic River Tours, Inc. In order to fulfill its corporate objectives, Wild & Scenic has the implied authority to take whatever actions that are deemed to be suitable and necessary.
A group of people or a company that has been granted legal status as a single entity by the state and is used for particular legal purposes is known as a corporation. 10 Early corporations were created through charters. The majority of governments currently permit the registration of new corporations. Although there are many distinct sorts of corporations, they are often categorized by the law of the country in which they were established based on either the ability to issue stock or the purpose for which they were established. A corporation can be categorized as aggregate or sole depending on the number of owners. When compared to older company organizations like sole proprietorships and partnerships, one of the most alluring early benefits that corporations gave to their investors.
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When goods do not have a price, which of the following primarily ensures that the good is produced?
A. the market
B. buyers
C. sellers
D. government
When products do not have a price, (D)the government's primary responsibility is to ensure that they are produced.
Price restrictions are the legal minimum or maximum prices imposed for certain items. In a free market, the government usually mandates price restrictions. They are typically used as a kind of direct economic intervention to regulate the affordability of certain products and services such as rent, fuel, and food. Although price restrictions may make some goods and services more cheap, they can also cause market disruptions, producer losses, and a significant shift in quality. Price restrictions are minimum or maximum prices imposed by the government for specified commodities and services. Price restrictions are used to govern the market's affordability of products and services. Minimums are referred to as price floors, while maximums are referred to as price ceilings.
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Who negotiated the Open Door Policy with China?
Secretary of State John Hay distributed the two Open Door Notes to all foreign nations with interests in China in September 1899 and July 1900.
When did China and the Open Door Policy first come into force?Statement of principles put forth by the United States (1899, 1900) in favor of Chinese geographical and administrative integrity as well as the protection of equal rights among nations dealing with China.
John Hay, the secretary of state for the United States, sent circular notes with the declaration to Japan, Russia, France, Germany, and Italy. Nearly everyone in the US supported the Open Door policy, and for more than 40 years it served as a pillar of American foreign policy.
The Anglo-Chinese Treaties of Nanking and Wanghia established the concept that all nations should have equal access to any of the ports accessible to trade in China.
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In a series of memos written in 1899–1900, Secretary of State John Hay initially described the idea of the "Open Door Policy" in China.
These Open Door Notes sought to win support for the American policy of fostering equal opportunity for cross-border trade and commerce in China and respect for China's territorial integrity. Similar concepts had long guided British and American relations toward China, but once Hay codified them, the "Open Door" became the official U.S. policy towards the Far East in the first part of the 20th century.
Alfred E. Hippisley and William W. Rockhill, two British and American experts on China, were the original minds behind the Open Door Notes. Both men thought that a formal agreement among the European powers on the idea of keeping an Open Door for trade and commercial activity would be the best way to safeguard and advance their nations' economic interests in China.
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What is the first action that you need to do before building a business in your place?
Before starting a business, the following factors must be taken into account:
Possess the skills and expertise required to carry out the key activities of the business. The ability to sell is both widely underestimated and crucial. For most startups to succeed, the owner must sell.Create a plan for completing the supporting tasks. If you're going to start a business, you better be passionate about doing it well. As a result, in addition to the business' main activities, you will also be responsible for other duties.Realize that growing often requires letting go. If you are passionate about performing the vital activities for the firm, you may be considering beginning your own business.Making a living or earning money via the production, acquisition, and sale of items is referred to as doing business. Additionally, it includes "any activity or operation undertaken for profit."
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Obtain your business's permits, tax identification, and registration. Know the market and your competitors. Finance your company. Find a spot, then make it secure. Obtain suitable insurance. It is the initial step you must take before starting a business in your area.
During business cycles, economic activity experiences periods of expansion and then decline. These advancements have an impact on both the overall well-being of society and the welfare of private businesses. To ascertain how business cycles have evolved over time, changes in a broad economic indicator, such as Real Gross Domestic Product, are typically investigated. Widespread upswings and downswings in a number of macroeconomic indices are typical examples of business cycle fluctuations. The length and intensity of each expansion/recession episode varies over time. Their periodicity typically spans between two and ten years. As in, such flexible knowledge about the frequency of business cycles may actually be included in their mathematical analysis, which uses a Bayesian statistical paradigm.
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Is inflation good or bad for the economy?
When inflation counters deflation's negative impacts, which are frequently harsher for an economy, it is beneficial.
What is an economy?A complex network of interwoven production, consumption, and trading activities makes up an economy, and it ultimately decides how resources are distributed among all the players. The creation, consumption, and distribution of products and services meet the requirements of people who live and work in the economy. A given entity, whether it be a major country or a small village, has an economy that consists of all the activities engaged in the production, consumption, and exchange of goods and services. Every economy is distinct. Each has unique geographical characteristics as well as legal systems, cultures, history, and resources. The individuals' decisions and deeds have an effect on each. These choices are made by fusing collective or hierarchical decision-making with market transactions.
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