Answer:
All of the following are major features of organizations that impact the use of information systems except for;
d. agency costs
Explanation:
An organization is a formal legal entity with internal processes that utilize resources from the environment, and converts them to output. Information technology on the other hand is the use of technology especially computers to retrieve, receive and transfer data. In large organizations, business processes tend to be redundant and complex to execute using human capacity. Information technology can be used in these situations to ensure that the processes are executed in an efficient and timely manner. There are major features of organizations that impact the use of information systems, namely;
1. Business processes
It can be defined as a collection of people and equipment that work together to produce a desired good or service. The nature of the business process determines the type of information system to be used.
2. Environments
Environments includes all the things inside and outside the organization that impacts the company directly or indirectly. Environment as a feature of organization impacts on how information is processed in that organization.
3. Goals
Since information systems exist to assist the organization in many ways, they have to be designed so that they are in line with organizational goals and objectives.
Final answer:
Agency costs do not directly impact the use of information systems within organizations, contrary to business processes, environments, and goals, which are significant factors.
Explanation:
The question is concerned with identifying the feature that does not impact the use of information systems within organizations. The correct answer is option d: agency costs. Agency costs are more related to the relationship between shareholders and management rather than the direct use of information systems.
On the other hand, business processes, environments, and goals are major features that significantly affect how information systems are utilized within an organization. Business processes signify the collection of activities that deliver a specific service or product.
Environments represent the external factors that the organization operates within, and goals reflect the objective and purpose that the information system seeks to accomplish.
Which common saying best captures the concept of incentives (specifically, positive and negative incentives), which is one of the foundations of economics?
Answer:
If the carrot doesn't work, try the stick.
Explanation:
This phrase clearly describes how advertising and promotions work:
If the carrot doesn't work: the tempting carrot refers to advertisement, and the doesn't work part refers to advertisement that is not able to change consumer habits and increase sales.
Try the stick refers to offering promotions or positive incentives like discounts or larger packs.
Another example would be the penalty imposed on individuals that refused to purchase health care insurance (eliminated in 2018). The carrot were the benefits obtained by having health insurance and the stick was the negative incentive (or penalty) imposed as a fine for those who didn't purchase health insurance.
A client with atrial fibrillation is receiving a continuous heparin infusion at 1000 units/hour. The nurse determines that the client is receiving the therapeutic effect based on which results?a) Prothrombin time of 12.5 secondsb) Activated partial thromboplastin time of 60 secondsc) Activated partial thromboplastin time of 28 secondsd) Activated partial thromboplastin time longer than 120 secondsb) Activated partial thromboplastin time of 60 seconds
Answer:
Option B is correct
Explanation:
This is when an activator is added to speed up clotting time resulting in narrow reference range and is considered to be more sensitive to partial throboplastine time which is used to measure and monitor patients response to heparin therapy.
The lakeshore hotel's guest-days of occupancy and custodial supplies expense over the last seven months were: month guest-day of occupancy custodial supplies expense march 4,000 $ 7,500 april 6,500 $ 8,250 may 8,000 $ 10,500 june 10,500 $ 12,000 july 12,000 $ 13,500 august 9,000 $ 10,750 september 7,500 $ 9,750 guest-days is a measure of the overall activity at the hotel. for example, a guest who stays at the hotel for three days is counted as three guest-days.
The custodial supplies expenses of the Lakeshore Hotel seem to increase as the guest-days of occupancy rise, implying a direct correlation between the two.
Explanation:The subject of the student's question is the relationship between the Lakeshore Hotel's guest-days of occupancy and its custodial supplies expense. If we examine the data for the seven-month period, we can see a trendwhere the custodial supplies expense increases as the guest-days of occupancy goes up. For example, in March, when there were 4,000 guest-days, the custodial supplies expense was $7,500. In July, when there were 12,000 guest-days, the expense increased to $13,500. This suggests that as more guests stay at the hotel, consuming more resources, it costs more for the hotel to maintain its level of cleanliness and service. Therefore, the custodial supplies expenses seem to correlate with the hotel's guest-days of occupancy.
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S takes out a health insurance policy which contains a provision that states that the agent does not have the authority to change the policy or waive any of its provisions. Which health policy provision is this?
1. Legal Actions
2. Insurance with other insurers
3. Entire Contract
4. Reinstatement
Answer:
Option "3" is the correct answer for the following situation.
Entire Contract
Explanation:
S takes out a whole contract of medical insurance which includes a clause specifying that the provider has no power to change the contract or to remove any of its clauses.
The entire contract is a type of agreement where both sides need to deliver on the promise in a contract. The purpose of this sort of contract is to satisfy the whole of the contract. This kind of contract is also referred to as an indivisible contract.The provision in question that states the agent does not have the authority to change the policy or waive any provisions is the Entire Contract provision.
The health insurance policy provision in question is the Entire Contract provision. This element stipulates that the policy document, including any endorsements or amendments, represents the full and complete agreement between the insurer and the insured. Importantly, it also mentions that the agent does not possess the authority to change the policy or waive any of its terms. This is a critical feature designed to protect both parties by ensuring that the terms of the insurance agreement cannot be altered without formal amendments to the policy itself, thus maintaining the integrity of the contractual agreement.
In the context of managing health risks and ensuring fair practices, regulations such as the Affordable Care Act (ACA) play a pivotal role. The ACA introduced measures to prevent insurers from excluding individuals with pre-existing conditions and implemented controls on the ability of insurance companies to arbitrarily set or change insurance rates. These measures contribute to leveling the playing field for consumers, emphasizing the importance of clear, unchangeable contractual terms as outlined in the Entire Contract provision.
Income from known sources subtracted from the total income gives a reasonable estimate of: a. Unknown funds b. Liabilities c. Living expenses d. Net worth
Answer:
The correct answer is (a)
Explanation:
Income is generated from known and unknown sources. Generally, it is hard to know the unknown sources from where the income is generated but it is easier to know the amount of income generated from the unknown sources. Likewise, when the amount of income from known sources is subtracted from total income the amount of income from unknown sources can be estimated.
MCMC just paid a dividend of $4.10 and is expected to increase the future dividends at a rate of 4% per year indefinitely. If the current share price is $40, what is the return required by shareholders?
a.) 12.65%
b.) 13.52%
c.) 13.99%
d.) 14.66%
e.) None of the above
Answer:
d.) 14.66%
Explanation:
The computation of the return required by shareholders is shown below:
Current share price = Next year dividend ÷ (Required rate of return - growth rate)
where,
Next year dividend would be
= $4.10 + $4.10 × 0.04
= $4.10 + 0.164
= $4.264
So, the return required by shareholders
$40 = $4.264 ÷ (Required rate of return - 4%)
After solving this equation,
The required rate of return is 14.66%
Taxes on the property Buyer Alan is purchasing are $3,200 due on December 31. If the closing is set for October 15, using the 365-day method, how much of the taxes will be credited to the buyer?A) The seller's share of $2,533.38B) The buyer's share of $666.62C) The seller's share of $2,525.76D) The buyer's share of $674.24
Answer:
C). The seller's share of $2,525.76
Explanation:
The 365-day assumes a total of 365 days in a year. So the number of days up to when the closing is set should be determined as shown;
Step 1: Determine total number of days up to October 15
Total days up to October 15=Number of days in January+number of days in February+number of days in March+number of days in April+number of days in May+number of days in June+number of days in July+number of days in August+number of days in September+number of days up to October 15
where;
number of days in January=31
number of days in February=28
number of days in March=31
number of days in April=30
number of days in May=31
number of days in June=30
number of days in July=31
number of days in August=31
number of days in September=30
number of days up to October 15=15
replacing;
Total days up to October 15=(31+28+31+30+31+30+31+31+30+15)=288 days
Step 2: Determine the amount of taxes that will be credited to the buyer
Sellers share=(number of days up to October 15/total number of days in a year)×Taxes due on December 31
where;
number of days up to October 15=288 days
total number of days in a year=365
Taxes due on December 31=$3,200
replacing;
Sellers share=(288/365)×3,200=2,524.93 which is approximately equal to 2,525.76
The seller's share of $2,525.76
The buyer's share of the taxes credited will be $2,610.46.
Explanation:To calculate the amount of real estate taxes that will be credited to the buyer, we need to determine how many days the seller owned the property and deduct that from the total taxes. Here is the calculation:
Calculate the number of days from January 1 to October 15: 31 (Jan) + 28 (Feb) + 31 (Mar) + 30 (Apr) + 31 (May) + 30 (Jun) + 31 (Jul) + 31 (Aug) + 30 (Sep) + 15 (Oct) = 298 days.Calculate the daily tax rate: $3,200 / 365 days = $8.77 per day.Calculate the amount credited to the buyer: $8.77 per day × 298 days = $2,610.46.The buyer's share of the taxes credited will be $2,610.46.
The part of the money supply produced by the private banking system is called by the government or central bank is called?
Open Market Operation is the system in which the Central Bank supply money to the private banks.
Explanation:
The Reserve bank buy as well as sale the government securities so that it can control money supply. By selling and buying securities in a free market the amount of money is either expanded or contracted.
During inflation the price of the product rises , at that time the Reserve Bank purchase the securities so that money is not spend but in the other hand during deflation there is fall in the price as a result the Reserve Bank sale the securities so that purchase can be done.
Which of the following is NOT an example of central economic control:
A. Family or clan leaders.
B. Warlords.
C. Dictators.
D. Tribal chieftains.
E. All of the above are examples of central control.
Answer:
The correct answer is that none of the above mentioned options are the examples of the central economic control.
Explanation:
Central economic control, also called as the command economy, which is described as the economic system in which the central authority like the government takes the decisions of the economy in relation to the distribution as well as the manufacturing of the products.
Therefore, dictators, family lenders or the warlords, none of them are the examples of the central economic control as this system is dealt with the central authority which could be the government.
NOTE: The correct option is not stated so providing the direct answer.
Green technologies such as smart grid electricity services, online energy management, and consumer-generated energy are __________ forces that would be identified through an environmental scan.Question options:1. social2. competitive3. regulatory4. technological5. economic
Answer:
4. technological
Explanation:
Technological forces are such forces which influence the technological developments on consumers, businesses, and society in general. Technological forces can improve better communication and management information systems. Therefore, when we scan the environment, we can find online energy management and consumer-generated energy. Therefore, D is the correct answer.
Leaf Co. purchased from Oak Co. a $20,000, 8%, 5-year note that required five equal annual year-end payments of $5,009. The note was discounted to yield a 9% rate to Leaf. At the date of purchase, Leaf recorded the note at its present value of $19,485. What should be the total interest revenue earned by Leaf over the life of this note?
a. $5,045
b. $5,560
c. $8,000
d. $9,000
Answer:
b. $5,560
Explanation:
The computation of the total interest revenue is shown below:
The five equal annual year-end payments = $5,009
For five years, the total amount is
= $5,009 × 5 years
= $25,045
And, the present value of recording the note is $19,485
So, the total interest revenue earned would be
= Five years amount - present value of recording the note
= $25,045 - $19,485
= $5,560
Assume that an industry that began as a perfectly competitive industry becomes a monopoly. Compared to when the industry was perfectly competitive, the monopolist will:______.
Answer:
Charge a higher price and produce less output
Explanation:
A monopolistic markets imeans that there is the absence of other suppliers of the same product or service, making them the sole market of the product or service. This can make them charge a premium to their customers. Consumers have no alternatives of options and are forced to pay the price for the goods dictated by the monopolist. ITherd is a tendency for the monopolist to make prices high high prices, it may not necessarily be a monopolistic behavior.
A monopolistic market can restricts output to raise the price leading to less production, which reduces total real social income.
During the final stage of developing and implementing a company strategy, what factors often cause the company to adjust its objectives or mission statement?
Answer:
- technology forces in strategic management
-change in executive management
-competition from other businesses
-transformation in organizational structure.
Explanation:
-company can Change strategy due to availability or lack of adequate technological capabilities.
- reshuffling board of directors can lead to change in objectives due to change of views by director.
-anticipated competition from target market can facilitate review of objective in other to induce competitive advantage.
- additional structural transformation such as mergers and expansion to some other market can necessitate adjustment of objective to realign the mission of organization.
According to Gary Hamel, management should be viewed as a(n) _____ to which ongoing improvements and innovation can be made systematically.
Answer: PROCESS
Explanation: GARY HAMEL is a world acknowledged thinker Born on the year 1954,he described management as a process,he is the founder of STRATEGOS a management consultant firm,through his work he showed that management should be seen as a PROCESS through which ongoing innovations and improvements can be achieved. According to Gary Hamel,
Management innovation is an innovation in management principles and processes that ultimately changes the practice of what managers do, and how they do it.
If Southwest Development Company is a sole proprietorship owned by Ms. Harper,: (Select the best answer below.) A. Ms. Harper has limited liability, which guarantees that she cannot lose more than the $25,000 she invested. B. Ms. Harper has limited liability, which is the amount of $60,000 in unpaid debts. C. Ms. Harper has unlimited liability, which means creditors can claim against her personal assets. D. Ms. Harper has unlimited liability, which means creditors can only claim against the $25,000 she invested.
Answer:
Ms. Harper has unlimited liability, which means creditors can claim against her personal assets
Explanation:
A sole proprietorship is owned and managed by one person. The owner makes all the investment decisions, suffers all the losses, and enjoys the profits by themselves. Sole proprietorships are popular due to their ease of start-up and operations.
Legally, a sole proprietorship is not a separate entity from the owner. The assets and liabilities of the business are deemed to belong to the business owner. A sole proprietor has unlimited liability to the obligations of the business. In other words, the law does distinguish between business assets and liabilities and the owner's personal proprieties. Should Mrs. Harper's business fail to pay its obligations, creditors can lay a claim on her assets to recover their money.
Your firm wants to use external sources for new product ideas. After consulting with a friend you learn that all of the following are common external sources except ________.
a. the firm's executives
b. competitors
c. suppliers
d. customers
e. trade shows and magazines
Answer:
A. The firm's Executives
Explanation:
External Sources to a firm are those sources that are related to be not part of the day to day running of the affairs of the firm. As such the firm's executives are internal sources because they represent the interest of the firm.
In case of a sole proprietorship or partnership business, these executives are the owners of the business while in the case of listed firms, they represent the interest of the owners of the firm. They cannot therefore be regarded as external sources
Competitors are related as they are within the same product line but they are not involved in the daily affairs of the firm, suppliers make raw materials available while customers patronise the business. Trade shows magazine on the other hand independently report the progress of all firms within the industry. These are the external sources.
If a perfectly competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $26 per bushel and the marginal cost is $26 per bushel, the firm should:
Answer:
Explanation:
The firm Should decrease the output.
Because as we see selling price P is LESS than Marginal Cost (MC) and in perfect competition P=MC for efficient allocation . So By decreasing output firm can decrease MC ⇒ which leads to output where P=MC.
Which of the following should an organization do to achieve the human resource management goal of facilitating organizational competitiveness?
A. Organizations should match employee contributions to local charities.B. Incentive and reward systems should be structured in such a way that they help maintain employee motivation.C. Organizational objectives should be formulated in a way that they deal with revenue growth and profitability.
D. Human resource practices should focus on promoting ethnocentrism in the work place.
Answer:
The correct answer is (C)
Explanation:
Organisational competitiveness can only be achieved by implementing policies which help to achieve revenue and profitability. Growth and profitability are important to achieve human resource management goal of facilitating competitiveness. The central objective of every firm and organisation is to grow and increase revenue, and that goal is achieved by gaining organisation competitiveness.
The strategies that an organization can adapt to facilitate competitiveness include structuring incentive and reward systems to maintain employee motivation and formulating organizational objectives that focus on revenue growth and profitability.
Explanation:To achieve the human resource management goal of facilitating organizational competitiveness, an organization could implement any of the following strategies, however, the most effective would be option B and C. In particular, incentive and reward systems should be structured in such a way that they maintain employee motivation (option B). This strategy motivates employees to work effectively and efficiently, which can enhance the organization's competitiveness.
In addition, organizational objectives should be formulated in a way that they deal with revenue growth and profitability (option C). A focus on financial performance can also increase competitiveness, as financial stability often leads to increased investment in technologies and innovative practices, which can give an organization a competitive edge. Option A and D are less directly related to enhancing competitiveness.
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________ is reported as a current asset on balance sheet. a. Cost of goods sold b. Accounts payable c. Operating income d. Merchandise inventory
Answer:
d. Merchandise inventory
Explanation:
The current assets comprise cash, inventory, account receivable, prepaid insurance, short term investment, etc
This current asset are presented on the asset side of the balance sheet
Whereas the cost of good sold are presented on the income statement, the account payable are displayed on the liabilities side of the balance sheet, and the operating income is also presented on the income statement
Rodney is a senior salesperson in a pharmaceutical company. Every time Jeff places an order of 2,000 units from the company, Rodney pays 7 percent of the total amount of sales to Jeff for helping him achieve his sales targets. This is an example of a _____
Answer:
kickback
Explanation:
In business, kickbacks are illegal because they are a form of bribery. A kickback happens when an illegal sales commission is paid to an individual that works for another company but is responsible for placing an order. Kickbacks include other things besides money, such as trips, gifts, etc.
Kickbacks are illegal because the person that receives the commission (Jeff) is not making unbiased purchase decisions.
When Jamie's business was doing well he attributed the success to his leadership skills, creativity, and dedication. When the business started experiencing a fall in revenue, he blamed it on the declining economy and political instability. In this scenario, Jamie's behavior best illustrates:
a. stereotyping tendency.
b. fundamental attribution error.
c. self-serving bias.
d. primacy error.
Answer:
The correct answer is C
Explanation:
Self serving bias is the term which is described as the tendency of the people in order to attribute the positive events to their own character but also attribute the negative events to the external factors.
Therefore, the business of the Jamie was doing well, he attributed the success to his creativity, dedication and leadership skills but when the business experience the fall in the revenue then he blamed the economy, this behavior is illustrates with the self serving bias.
The correct option is c. self-serving bias.
Self-serving bias is a cognitive bias that causes people to attribute their successes to internal factors such as their own skills, dedication, and effort, while attributing their failures to external factors such as the economy or political instability. This bias is evident in Jamie's behavior as he takes personal credit for the success of his business during good times but blames external factors when facing setbacks.
Let's examine the other options to understand why they are not the correct choices:
a. Stereotyping tendency: This is the act of making generalizations about a group of people without considering individual differences. Jamie's behavior does not reflect stereotyping as he is not making judgments about a group of people but rather attributing causes to his business's performance.
b. Fundamental attribution error: This error occurs when individuals overemphasize personal characteristics and ignore situational factors when judging others' behavior. In Jamie's case, he is judging his own behavior, not others', so this error does not apply.
d. Primacy error: This error involves giving undue importance to the first piece of information encountered. It is not related to attributing success or failure, but rather to the order in which information is received. Jamie's behavior does not demonstrate a focus on initial information but rather a pattern of attribution for success and failure.
Therefore, the self-serving bias is the most accurate description of Jamie's behavior in this scenario.
The airline industry requires substantial investments in equipment or technology to produce a product. As a result, there are a relatively small number of sellers, each holding substantial market share, in a market with many buyers. Because there are few sellers, the actions of each directly affect the others. This is an example of ___________.
Answer:
This is an example of an Oligopoly
Explanation:
Oligopoly is a market structure where a few number of firms, usually two or more firms, which gives high market shares to those firms involved, but the number of firms must be low enough for one firm's actions to significantly influence other firms
Assume you are given the following relationships for the Brauer Corp:
Sales/Total assets 1.5X
Return on Assets (ROA) 3%
Return on equity (ROE) 3%
Calculate Brauer's profit margin and debt-to-capital ratio assuming the firm uses only debt and common equity, so total assets equal total invested capital.
Final answer:
To calculate Brauer Corp's profit margin, we use the formula (Net Income/Sales). The profit margin is 1.33/X. To calculate Brauer Corp's debt-to-capital ratio, we use the formula (Debt/(Debt + Equity)). The debt-to-capital ratio is 39.39%.
Explanation:
To calculate Brauer's profit margin, we can use the formula:
Profit Margin = Net Income / Sales
Since the return on assets (ROA) is 3%, we can determine the net income as:
Net Income = ROA * Total Assets = 3% * Total Assets
And since the sales/total assets ratio is 1.5X, we can determine the sales as:
Sales = 1.5X * Total Assets
Substituting these values into the profit margin formula:
Profit Margin = (3% * Total Assets) / (1.5X * Total Assets)
Profit Margin = 2% / 1.5X = 2/1.5X = 1.33/X
Therefore, the profit margin for Brauer Corp is 1.33/X.
To calculate Brauer's debt-to-capital ratio, we can use the formula:
Debt-to-capital Ratio = Debt / (Debt + Equity)
Given the information, we can determine the debt as the sum of reserves ($30 million), bonds ($50 million), and loans ($50 million). Therefore:
Debt = $30 million + $50 million + $50 million = $130 million
Since we know that the total assets equal the total invested capital, we can determine the total capital as the sum of deposits ($300 million) and equity ($30 million). Therefore:
Total Capital = $300 million + $30 million = $330 million
Substituting these values into the debt-to-capital ratio formula:
Debt-to-capital Ratio = $130 million / $330 million = 0.3939 (or 39.39%)
Therefore, Brauer Corp's debt-to-capital ratio is 39.39%.
A Coverdell Education Savings Account may be preferred to a Sec. 529 Education Savings Account under all of the following circumstances EXCEPT:(A)The student beneficiary will use the money to pay for high school expenses.(B)The grantor's modified adjusted gross income is below a certain threshold amount.(C)The grantor is in a low tax bracket.(D)The grantor wants to make a one-time contribution of $15,000 to the account.
A Coverdell Education Savings Account may be preferred to a Sec. 529 Education Savings Account under certain circumstances, but not when the student beneficiary will use the money to pay for high school expenses.
Explanation:A Coverdell Education Savings Account may be preferred to a Sec. 529 Education Savings Account under all of the following circumstances EXCEPT:
(A) The student beneficiary will use the money to pay for high school expenses. A Coverdell Education Savings Account can be used to pay for qualified education expenses for elementary, secondary, and higher education. A Sec. 529 Education Savings Account is specifically designed for higher education expenses.(B) The grantor's modified adjusted gross income is below a certain threshold amount. Both a Coverdell Education Savings Account and a Sec. 529 Education Savings Account have income limits.(C) The grantor is in a low tax bracket. Both accounts can be beneficial for individuals in low tax brackets.(D) The grantor wants to make a one-time contribution of $15,000 to the account. Both accounts allow contributions, but there may be annual contribution limits.Learn more about Coverdell Education Savings Account here:https://brainly.com/question/29490147
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The total rewards approach has arisen from the:
A) changing business environment of the last several decades.
B) organizationʹs business needs.
C) executive boardroom.
D) changing global economy.
E) employeeʹs requirement for stability.
Answer: Changing business environment of the last several decades.
Explanation:
The total reward approach covers the totality of payments and benefits an employee gains from his employer. The total reward approach for running businesses has changed overtime, as employers have discovered more efficient ways of handling employee welfare.
An economic force given relatively free rein by society to work through the market is: a. a political force. b. a price mechanism. c. a social force. d. a market force.
Answer:
The correct answer is option d.
Explanation:
A market force refers to the invisible forces in the economy which help in determining equilibrium in the market through the free movement of demand and supply.
It determines the equilibrium price, quantity, wages, salaries, etc. in a free market. It works best with no or low government intervention.
Adam Smith, in his book, wealth of nations, referred market forces as 'the invisible hand'.
__________ gives subordinates influence in the decision being made; ___________ gives subordinates the ability and authority to make the decision themselve
Answer:
Involvement gives subordinates influence in the decision being made; Empowerment gives subordinates the ability and authority to make the decision themselves.
Explanation:
For any organization, it is recommended to involve the employees in the decision making process. Involvement creates in employees a sense of belongingness which helps them contribute efficiently towards attainment of organizational goals.
Empowerment refers to delegating the authority to subordinates to act on their own without the need for the decision to pass through various levels of management hierarchy, which saves the loss of time.
Both involvement and empowerment lead to an efficient discharge of duties by the employees.
Upward influence allows subordinates to impact decision-making at higher levels in an organization, while empowerment grants them the discretion and authority to make decisions on their own.
Upward influence gives subordinates influence in the decision being made; empowerment gives subordinates the ability and authority to make the decision themselves. Upward influence entails the capability to impact decisions and actions at higher levels in the organization, like influencing a boss or higher authorities by aligning with the goals of the firm or forming alliances. This can be particularly necessary as organizations grow in complexity and no single person can make all decisions quickly enough. Through fostering good relationships with their superiors, subordinates can utilize rationality, assertiveness, and reciprocal exchange to gain positive outcomes, such as promotions and raises, thereby gaining more power within the organization.
Empowerment, on the other hand, is when management removes barriers that impede individuals, allowing employees to have discretion, autonomy, and greater control over their work. It involves providing the conditions and the climate within the organization where employees feel they can take initiative and have meaningful input. It can even lead to situations where employees decide what tasks to perform and how, managing themselves effectively.
Licensee Gary advises Buyer Tim that a property Tim is interested in is zoned for commercial use. In fact, Gary does not know what zoning applies to the property. Tim put in a purchase contract on the property and later finds out that the zoning in place actually would prevent him from using the property as he intends. Which statement is TRUE?
Answer:
Gary committed misrepresentation.
Explanation:
Misrepresentation refers to making a false statement in order to induce a buyer (or even a seller) to enter or exit a contract. If the buyer can prove that the real estate agent lied and that they entered a contact based on that lie, then he/she can sue the real estate agent for any damages incurred. The misrepresentation (the lie) must be both false and fraudulent, which means that it was made in order to induce another party into entering or exiting a contract.
In this case, even though Gary did not know what zoning regulations applied to this property, he made a false statement on purpose in order to convince Tim of buying the property.
The true statement in regard to the context carries the meaning that Garry has committed misinterpretation.
A misrepresentation situation occurs when a real estate investor misinterprets a property's content feature. Failures to disclose, which occur when a real estate agent fails to acknowledge or expose a content function of the estate, are commonly grouped in with misstatements.
Therefore, the correct statement is the second one.
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(Consider This) In 1975, McDonald's introduced its Egg McMuffin breakfast sandwich, which remains popular and profitable today. This longevity illustrates the idea of________________.
Answer:
consumer sovereignty
Explanation:
The most important element of any business is its customers. The wishes and wants of customers can alter the goods and services produced by the brands. In 1975 McDonald's introduced their breakfast meal according to the demand of the customers the action of McDonald is known as consumer sovereignty. Brands which care about consumer sovereignty are usually successful in long-run.
Which TWO of the following statements are TRUE when a broker-dealer executes a principal transaction?
Act as a broker
Act as a dealer
Charge a mark-up or a mark-down
Charge a commission
[A] I and III
[B] I and IV
[*C] II and III
[D] II and IV
Answer:
C) II and III
Act as a dealerCharge a mark-up or a mark-downExplanation:
Dealers can purchase and sell securities on their own accounts, this is called position trading. When they carry on this type of transactions, they charge markups instead of commissions.
Brokers act like agents, and they can only arrange a transaction between clients and they charge a commission for their work.