Answer:
Operating activities
Explanation:
A company typically engages in three sets of activities. These include the day-to-day activities which are classified as operating activities and the raising of capital needed to run the company.
Operating activities are the daily activities of a business entity which involves functions such as sales and production of product(s), revenue generation, etc.
Another way to look at operating activities are in the light of routine activities of the organisation. Cashflows generated therefrom are referred to as operating cashlows in the cashflow statement whereas profit generated from these day-to-day activities are referred to as operating profit.
If the CPI was 207 in 2007 and 225 in 2011, what pay raise would someone who earned $50,000 in income in 2007 have to receive in order to keep her purchasing power constant in 2011
Answer:
=$4,348
Explanation:
To calculate expected increase in income between 2007 and 2011, the following steps will be undertaken
Step 1: Calculate the inflation difference between the 2007 and 2011 Consumer Price Index (CPI)
The formula for inflation rate = (CPI 2011 - CPI 2007)/CPI 2007 x 100
CPI for 2011 = 225
CPI for 2007 = 207
Inflation rate = (225-207)/207 x 100
= 18/207 x 100 = 8.696%
Step 2: Multiply the inflation rate and the earnings in 2007 to get the raise required to keep her purchasing power constant
= 0.8696 x $50,000
=$4,348.
Which of the following is an example of a financial market?
A. A local coffeehouse where people regularly buy and sell financial instruments.
B. A bank that only accepts deposits and issues loans.
C. An electronic network used for buying and selling textbooks.
D. A central bank used for raising taxes and borrowing on behalf of the government.
Answer:
A. A local coffeehouse where people regularly buy and sell financial instruments.
Explanation:
A local coffeehouse where people regularly buy and sell financial instruments is an example of a financial market because by definition a financial market is a place where people buy and sell financial securities and derivatives at minimal transaction costs.
Although in the scenario above it is strange that the location is a coffee shop, however, what is actually essential is the fact that the activities that defines a financial market is taking place therein.
A financial market is a platform where individuals and institutions can buy and sell financial securities such as stocks, bonds, and derivatives.
Explanation:A. A local coffeehouse where people regularly buy and sell financial instruments is an example of a financial market. Financial markets are platforms where individuals and institutions can buy and sell financial securities such as stocks, bonds, and derivatives.
C. An electronic network used for buying and selling textbooks is not an example of a financial market. It is an example of an online marketplace for goods.
D. A central bank used for raising taxes and borrowing on behalf of the government is not an example of a financial market. Central banks are regulatory bodies that oversee monetary policy and regulate financial institutions.
Therefore, the correct answer is A. A local coffeehouse where people regularly buy and sell financial instruments.
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In an analysis of the market for paint, an economist discovers the facts listed below. State whether each of these changes will affect supply or demand, and in what direction. a. There have recently been some important cost-saving inventions in the technology for making paint. b. Paint is lasting longer, so that property owners need not repaint as often. c. Because of severe hailstorms, many people need to repaint now. d. The hailstorms damaged several factories that make paint, forcing them to close down for several months.
Answer:
A) Rightward shift of the supply curve. When a company is able to produce its goods at a lower cost, the whole supply curve sill shift to the right. This can be accomplished through a new technology or a decrease in the price of inputs.
B) On the short run, the quantity demanded of paint will increase, since a better product usually means higher demand, so the demand curve will shift to the right. But on the long run, the quantity demanded for the product will decrease since the customers will not need to paint their houses as often as before, shifting the demand curve to the left.
C) This will shift the demand curve to the right, increasing the quantity demanded at every price level.
D) This will definitely reduce the quantity supplied and shift the supply curve to the left. It has a similar effect to a cost increase. This shift will last until the factories start producing again.
Electronic surveillance may have only limited value in the investigation of employee frauds and many other white-collar crimes. Why?
Answer:
Concerns regarding employees' privacy in the work place. However, it is also useful in kickback types of schemes where law enforcement is involved. Also organizations have made strict control over electronic surveillance. However, organizations claim the electronic data as their own property and can be use to tap suspicious activities.
Which of the following concepts recognizes that managers must use their judgment to ensure that the cost of control does not exceed the system's benefits or the risks involved?
a) risk assessment
b) reasonable assurance
c) security policy
d) security versus privacy
With respect to the types of information systems used in organizations, financial, operations, and human resource management is an example of a(n) ________ system.
Answer:
Enterprise Resource Planning (ERP)
Explanation:
ERP is a "business process management(BPM) software" that allows an organization to
use a "system of integrated applications" to handle the business Provide automation to back office operations pertaining to a) technology b) services c) human resources.a "centralized system" that integrates many functionConnect applications related to procurement, sales, HR, planning, finance or analytics, customer relations or any connected application functions.
keep track of "day-to-day business transactions"To differentiate themselves, many companies are moving to a new level in creating value for their customers. Going beyond products and services, they are developing and delivering customer ________.A) feedback
B) experiences
C) brands
D) product lines
E) events
Answer:
(B) experiences
Explanation:
Organizations now go beyond providing products and services to customers while trying to deliver value and differentiate themselves from competitors.
They interact with customers, with the intention to create impressions and deliver to them, pleasant customer experiences.
A flower shop makes a large sale for $1,500 on June 30. The customer is sent a statement on July 5 and a check is received on July 10. The flower shop follows GAAP and applies the revenue recognition principle. When should the $1,500 be recognized
Answer:
June 30
Explanation:
As per the revenue recognition principle, the revenue is recognized when it is earned or realized that means service is performed but the payment is not made at the time of providing the service.
It is not get impacted when will be the cash received.
So, in the given case, the large sale is made on June 30 and on June 30 the revenue would be recognized.
Investigator perceptions and interpretations of body language may not be admissible in court; therefore, they are basically worthless as evidence.
Answer:
TRUE
Explanation:
It is true that investigator perceptions and interpretations of body language may not be admissible in court; therefore, they are basically worthless as evidence. Although body language could be suspicious and indicative of 'lying' it does not constitute nor meet the definition of evidence.
For something to be an evidence to be admissible in court, then it must be relevant material value .
Furthermore, it has to be:
Real: This implies that it should be a tangible thing such as a weapon
Demonstrative: This implies that it should be a model of what has happened , with time and place being specific
Documentary: This implies that it should be a letter or other written or posted document.
Testimonial: This implies that it should be the testimony) of the witness
Organizations using information systems to deal with competitive forces lose customers to new entrants Unselected keep the prices of their products high Unselected tighten linkages with suppliers and develop intimacy with customers Sure I AM SURE use manual labor for routine processes?
Answer:
Tighten linkages with suppliers and develop intimacy with customers.
Explanation:
1. Organizations should tighten linkages with Suppliers
Organizations should maintain good business relations with the suppliers. This can be done by ensuring them longer term business i.e. continously purchasing raw material and other items from them.
2. Organizations should develop intimacy with customers
This can be ensured by better and effective communication with the customers. This will provide room for products improvement and enable greater customer loyalty thereby.
Hence, organizations using information systems should tighten linkages with suppliers and develop intimacy with customers in order to deal with competitive forces.
Tom is an advertising executive at a car company. Before beginning work on a video advertising campaign for a new economy car, he creates key performance indicators for the campaign. What's Tom defining?
A) Marketing objectivesB) Media objectivesC) Business objectivesD) Campaign metrics
Answer: Media Objectives.
Explanation:
Media objectives are the goals set ahead of a business media outreach where, the amount of consumers to be reached and the expected reaction of the consumers to media adverts are determined beforehand. Tom's performance indicators for his firm's media campaign, are part of the media objectives he seeks to achieve.
When the money market is drawn with the value of money on the vertical axis, as the price level increases, the value of money _________.a. decreases, so the quantity of money demanded increases. b. increases, so the quantity of money demanded increases.
Answer:
a. decreases, so the quantity of money demanded increases
Explanation:
When the value of money decreases there will naturally be high demand for money because the opportunity cost of holding cash is very low.
The opportunity cost of holding money is the interest that is forgone, when price level increases, the value of money falls and the demand for money increases.
When the value of money increases as a result of high interest rate, it reduces our liquidity preference and the demand for money will decrease.
One of the competitive dimensions that form the competitive position of a company when planning their strategies is making the best trade-off.
Answer:
False
Explanation:
Competitive priorities are those operational dimensions that are crucial in the value chain so that the company is competitive enough. To achieve a large market share, it is necessary to focus on the competitive capabilities that add value to the product or service offered by the company.
When we talk about competitive capabilities we are referring to those key strengths that have a great impact on what you offer, these are the following:
- Cost
- Quality
- Weather
- Flexibility
Each of these key points have competitive priorities or dimensions to which the company must choose the best one that fits according to their needs, taking into account the impact generated by each of them.
Implementing a system of independent checks is one of the most effective ways to deter fraud. Which one of the following is NOT a wayof providing independent checks on employees?A)Employee transfersB)AuditsC)Mandatory vacationsD)Single endorsement on checks
Implementing a system of independent checks is an effective way to deter fraud. Single endorsement on checks is not a way of providing independent checks on employees.
Explanation:Implementing a system of independent checks is an effective way to deter fraud. However, single endorsement on checks is NOT a way of providing independent checks on employees.
Employee transfers can help provide independent checks by moving employees to different departments or roles, reducing the risk of collusion. Audits involve reviewing financial records and processes to identify potential fraud or errors. Mandatory vacations require employees to take time off, allowing others to review their work and detect any irregularities.
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Among the listed options, a single endorsement on checks does not provide an independent check in a business system. It does not add independent oversight or verification, thus is less effective in deterring fraud.
Explanation:Independent checks are useful measures placed within a business system to help prevent and detect fraudulent activity. These can include actions like employee transfers, regular audits, and enforcing mandatory vacations to prevent any single person from having control over certain processes or funds for an extended period. However, having a single endorsement on checks is not an example of an independent check. This practice does not add a layer of oversight or independent verification, thereby making it the least effective deterrent against fraud among the choices given. A dual or multiple endorsements system is more effective as it demands the approval of more than one authorized person to validate transactions, thus reducing fraud risk.
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A recent poll found that nearly _____ percent of people say that executives make decisions based primarily on advancing their own careers
Answer:
95 %
Explanation:
A recent poll found that nearly 95 percent of people say that executives make decisions based primarily on advancing their own careers.
And the reasons are obvious. As per executives perspective everyones looks for their benefit first in corporates. So, there are no wrongs in this. As per other employees their opinion may be partly true and party due to human envy mind.
Jon, a law enforcement official, monitors Kelsey's Internet activities—e-mail and Web site visits—to gain access to her personal financial data and student information. This may violate Kelsey's right to:A. EQUAL PROTECTIONB. PRIVACYC. DUE PROCESSD. ENGAGE IN INTERSTATE COMMERCE
Answer:
B. PRIVACY
Explanation:
Almost all of modern mobile and web apps enable that private information be used to offer additional functionality for their consumers.
However minimum security knowledge between programmers may enable such sensitive information to be treated inappropriately.
Violation of the privacy happens whenever confidential information reaches the server / database of the system and is obtained or exploited inappropriately by unauthorized perpetrators.
Jon is unauthorized to access Kelsey's data, in this case, e-mail and Web site visits, for his personal gain.
Jon, a law enforcement official, monitors Kelsey's Internet activities—e-mail and Web site visits—to gain access to her personal financial data and student information. This may violate Kelsey's right to privacy. The correct option is B.
It would probably be against the law to track Kelsey's online activities without her permission or the appropriate legal justification. The right to privacy refers to a person's ability to protect their private information and activities from unauthorized access or observation by third parties, such as law enforcement. In this case, it would be deemed an invasion of Kelsey's right to privacy for Jon to have gained access to her personal financial data and academic records without her consent or proper authorization.
Thus, the ideal selection is option B.
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The model that focuses on the multiplicity of influences on health-related behavior (or the focus on complex interactions between individuals and their environment) is referred to as:
Answer:
Ecological Model.
Explanation:
The Ecological model underlies the multiplicity of the various levels of influences on health-related behaviors, which can be:
Intrapersonal factors: These are the personal factors that influence the individual's behavior, such as personality, beliefs and knowledge.
Interpersonal factors: Correspond to interaction with other individuals, who are responsible for creating barriers or supporting the development of healthy behavior and interpersonal growth.
Institutional and organizational factors: Policies, rules, formal and informal structures that may or may not promote healthy behaviors.
Community factors: Existence of social norms between groups, individuals or organizations responsible for improving or limiting healthy behaviors.
Public policy factors: These are the policies and laws responsible for regulating health practices for disease prevention.
The ISO 9000 perspective on quality is that quality is basically defined by: Select one: a. senior management b. customers c. project sponsors d. project managers
Answer:
Option "A" is the most appropriate answer to the following statement.
Explanation:
The ISO 9000 is a quality management program that defines rules for organizations to ensure that they maintain the proper requirements of consumers and other key stakeholders within a product or service-related legislative and regulatory criteria.
The seven concepts of quality assurance are:
1-Consumer Awareness
2-Leadership
3-People Relationship
4-Process Strategy
5-Improvement
6-Evidence-based
7-product Control.
Answer:
Quality management
Explanation:
PLATO
Owens Industries is trying to increase its profile in the community. As part of this effort, Owens sponsors a Little League baseball team. The cost of sponsorship is $850. How should Owens record this transaction in order to maintain a balanced accounting equation (A = L + SE)?
A) They should credit $850 to assets and debit $850 to stockholders' equity.
B) They should debit $850 to assets and debit $850 to stockholders' equity.
C) They should credit $850 to assets and credit $850 to stockholders' equity.
D) They should debit $850 to assets and credit $850 to liabilities.
Answer:
They should credit $850 to assets and debit $850 to stockholders' equity (A)
Explanation:
The cash outflow of $850 will reduce the cash position of the company (i.e cash balance under current assets, hence it should be credited) while the stockholders's equity account needs to be debited because the transaction represents a depletion in the value of the company.
Asset account is reduced by crediting while common stock account is reduced by debiting.
Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences.
The concept of a modern supply chain can be compared to more traditional distribution channels in terms of similarities and differences. Both aim to deliver goods to consumers, but modern supply chains rely on technology, integration, and globalization to improve efficiency and expand globally.
Explanation:The concept of a modern supply chain can be compared to more traditional distribution channels in terms of similarities and differences. Both modern supply chains and traditional distribution channels aim to deliver goods from producers to consumers. However, there are several key differences between the two.
Technology: Modern supply chains heavily rely on technology, such as advanced logistics software and automated warehouse systems, to track and manage inventory, streamline processes, and improve efficiency. Traditional distribution channels, on the other hand, often rely on manual processes and paper-based documentation.Integration: Modern supply chains are highly integrated and interconnected, with various stakeholders collaborating and sharing information in real-time. This allows for better coordination, faster response times, and improved visibility throughout the supply chain. In contrast, traditional distribution channels may involve multiple intermediaries, such as wholesalers and retailers, leading to slower and less efficient processes.Globalization: Globalization has significantly impacted modern supply chains, enabling companies to source materials and components from different countries and reach customers worldwide. This has increased complexity and the need for effective international logistics management. In comparison, traditional distribution channels were predominantly local or regional in nature.In summary, while both modern supply chains and traditional distribution channels aim to deliver goods to consumers, modern supply chains leverage technology, integration, and globalization to improve efficiency and expand operations globally.
What must a plaintiff show to succeed for employment discrimination on the basis of gender on a disparate-impact theory?
Answer:
In cases of disparate treatment brought under Title VII of the 1964 Civil Rights Act or the Age Discrimination in Employment Act (ADEA), complainants must claim that their employers viewed them less favorably because of the employee's membership in a protected class, such as race, gender or age.
On July 1, the exchange rate between the Canadian dollar CAD and the US dollar USD is 1 CAD for .80 USD. On August 1, the exchange rate is 1 CAD for 1 USD. Over this period of time, we would say that ___________.
Answer:
Canadian Dollar has appreciated whereas US Dollar has depreciated.
Explanation:
The July 1 exchange rate,
1 USD = 0.80 CAN $
This means to buy 1 USD, we need 0.80 CAN $. This further means, USD is stronger currency and CAN $ IS weaker.
On Aug 1, the exchange rate is 1 USD = 1 CAN$
This means, now to buy 1 CAN $, one is required to pay 1 USD i.e more USDs than before. This means over the period of one month, the CAN $ has appreciated whereas US Dollar has depreciated over the period.
Successive waves of globalization include characteristics such as the expansion of trade, the diffusion of technology, extensive migration, and _____.a. improvements in country infrastructureb. increased employee moralec. improved healthcared. financial independencee. cross-fertilization of diverse cultures
Answer:
E) cross-fertilization of diverse cultures
Explanation:
Cross-fertilization of diverse cultures refers to several cultures mixing together and the result of that mix is that the best qualities or characteristics of each culture are absorbed by the other cultures.
This is a similar concept to the melting pot theory in the US, where diverse immigrants interacted together and they were able to get the best out of each other's culture.
The correct completion for the characteristics of globalization would be 'cross-fertilization of diverse cultures'. It reflects how globalization blends different cultural experiences through increased interaction and exchange.
Explanation:The question 'Successive waves of globalization include characteristics such as the expansion of trade, the diffusion of technology, extensive migration, and _____.' asks for an answer that completes the statement. The correct option that represents a characteristic of globalization is the cross-fertilization of diverse cultures.
Globalization not only entails the growth of international trade and the spread of technology but also includes the blending and exchange of different cultural experiences, ideas, and values as people and products move around the globe.
Technological globalization has been propelled by technological diffusion, which has led to greater communication and information sharing, hence fostering cross-cultural interactions.
Additionally, the improvement in transportation and the establishment of international agreements have made it easier for people from different cultural backgrounds to interact and merge their cultural practices, leading to greater cultural diversity and the cross-fertilization of cultures.
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An act passed by Congress aimed at promoting financial stability improving accountability and transparency in the financial system:____________
Answer: Protects taxpayers through ending bailouts and aid consumers out of harsh financial services practices by financial institutions.
Explanation: The role of the government is to protect its citizens by setting up enactment that will improve their lives.
Financial acts that promotes financial stability, improving accountability and transparency, will help the masses especially the taxpayers through ending bailouts and prevents the citizens to encounter financial services hardships.
Lee Sun's has sales of $3,450, total assets of $3,150, and a profit margin of 6 percent. The firm has a total debt ratio of 42 percent. What is the return on equity?
The Return on Equity (ROE) for Lee Sun's is roughly 11.33 percent. It's computed by multiplying the Return On Assets (6.57%) with the equity multiplier (~1.7241).
Explanation:The question involves determining the Return on Equity, which is a measure of a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested. We could start solving it by employing the formula for Return on Assets (ROA), that is, Net Income divided by Total Assets. We know that the profit margin is 6 percent, therefore the Net Income could be calculated as $3,450 multiplied by 6 percent (0.06) which equals $207. The total assets given are $3,150. Therefore ROA equals $207 divided by $3,150, which is approximately 0.0657 or 6.57 percent.
We also need to employ the equation to find the equity multiplier, which is 1 divided by (1 minus the total debt ratio). The total debt ratio given here is 42 percent (0.42), so the equity multiplier would be 1 divided by (1-0.42), which is roughly 1.7241.
The Return On Equity (ROE) is calculated by multiplying the Return On Assets (ROA) by the equity multiplier. Therefore, ROE would be 6.57 percent times 1.7241 which equals approximately 11.33 percent.
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Once a company has prepared an adjusted trial balance it is ready to prepare financial statements. Which financial statement is prepared first, second, then third?
a. First the income statement is prepared, then the retained earnings statement is prepared, finally the balance sheet is prepared.
b. First the balance sheet is prepared, then the retained earnings is prepared, finally the income statement is prepared.
c. First the income statement is prepared, then the balance sheet is prepared, finally the retained earnings statement is prepared.
d. First the retained earnings statement is prepared, then the balance sheet is prepared, finally the income statement is prepared.
Answer:
A
Explanation:
There is a sequence of preparing statements of financial statements because some statements use information from other statements of financial position. The income statement does not require information from any other statements. The retained earnings need information from income statement to calculate current retained earnings. The balance sheets require information from statement of retained earnings(retained earnings for this period).
The correct order after an adjusted trial balance is: first, the income statement, showcasing revenues and expenses; second, the balance sheet, presenting financial position; and finally, the retained earnings statement, detailing changes in retained earnings, ensuring consistency between operational performance and financial position.
The correct order for preparing financial statements after the adjusted trial balance is typically:
c. First, the income statement is prepared, reflecting a company's revenues and expenses over a specific period. Second, the balance sheet is crafted, presenting the company's financial position at a given point in time, showcasing assets, liabilities, and equity.
Finally, the retained earnings statement is created, outlining the changes in retained earnings over the accounting period. The retained earnings statement links the income statement and the balance sheet, showing how net income or loss affects the retained earnings account, ensuring consistency in the company's financial records.
This sequence allows for a logical flow from operational performance (income statement) to the overall financial position (balance sheet), culminating in retained earnings adjustments.
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Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic losses?
a. some firms exit, industry supply decreases, market price falls.b. some firms exit, industry supply decreases, market price rises.c. market price rises, some firms exit, industry demand decreases, market price falls.d. market price falls, some firms exit, industry supply falls.
Answer:
b. some firms exit, industry supply decreases, market price rises.
Explanation:
A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.
If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.
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The price of one country's currency in terms of another country's currency is known as the _____. A. money exchange B. currency fluctuation C. balance of payment D. dollar rate E. exchange rate
Answer:
E. exchange rate
Explanation:
The exchange rate, also known as foreign exchange, is the price of a country's currency in relation to currencies of other countries. The exchange rate value is expressed in relation to the value of another currency. The exchange rate value fluctuates depending on factors such as the prevailing economic condition in the country, and the demand and supply of the currency in foreign exchange markets.
The exchange rate is a critical factor in international trade. A strong currency symbolizes a healthy economy, but it also makes a country exports expensive. For such reason, governments analyses and manipulates the exchange rate to favor their economic objectives.
Incentive Contracts (both Cost & Fixed Price Types) provide a method for adjusting the contractor's profit or fee, and establishing the final contract price by using a formula based on the relationship of final negotiated total cost to total target cost. A. True B. False
Answer:
True
Explanation:
The statement is correct that Incentive Contracts (both Cost & Fixed Price Types) provide a method for adjusting the contractor's profit or fee, and establishing the final contract price by using a formula based on the relationship of final negotiated total cost to total target cost because in project management a contract is said to be incentive based when the owner has promised to make additional compensation to the contract price if in the course of the contractor's execution, events trigger a higher compensation; which could be as a result of cost, delay in time schedule, increased quality, and higher safety standards than those originally prescribed in the contract terms and conditions.
The management of warby parker believes that its operations must be grounded in
Answer:
Warby Parker is an eye glass manufacturing company, that manufacturers designer glasses that are cost effective. The management of Warby Parker believes that it's operations must be grounded in Cooperate Social Responsibility
Explanation:
Warby Parker is an eye glass manufacturing company, that manufacturers designer glasses, that are cost effective. The management of Warby Parker believes that it's operations must be grounded in Cooperate Social Responsibility
Warby Parker's operations are anchored in understanding industry psychology and values, striving for a better world, maintaining a harmonious structure, and aligning with their vision, mission, and values.
Explanation:The management of Warby Parker believes that their operations must be grounded in a framework where understanding the psychology and values driving the industry is crucial, acknowledging the potential for the world to become a better place through their efforts.
Not only does this suggest a strong alignment with the company's vision, mission, and values, but also reflects a commitment to maintaining a harmonious structure within their operations.
Additionally, the importance placed on adhering to these principles is highlighted by the fact that employees are expected to honor this consistent organizational frame of reference as a condition of their employment, as demonstrated by Vining's approach to valuing her employees' beliefs in their success and transparent expectations.