Answer:
Narrower competitive scope.
Explanation:
Competition is defined as the efforts that is made by different players in a market to secure market share where product offerings are similar to what other competitors are selling.
In a very competitive market, in order to stay relevant it is necessary to adopt a narrow competitive scope. Focusing on a few key features and specialising in them is an effective competitive strategy.
While in a market where competition is less intense it is possible to adopt a broad competitive scope with wide range of competencies and still survive
LCB Inc. has a 6% 20-year maturity $1,000 par value bond that currently has a yield to maturity of 7.5%. How much does LCB pay in annual interest on one of these bonds?
Answer:
$60
Explanation:
Data provided in the question
Yield to maturity = 7.5%
Time period = 20 years
Par value = $1,000
Annual interest Rate = 6%
Now the annual interest rate is
= Par value × annual interest rate
= $1,000 × 6%
= $60
In order to find out the annual interest rate , we multiplied the par value with the annual interest rate
Geraldine Parker, the owner of Gi Grs Dance Studio, Inc., started the business by investing $10,000 cash and donating a building worth $20,000. Identfy the general jourmal entry below that Gi Gřs will make to record the transaction. A. Cash 30. Common Stock 0,000 B. Common Stock 30 Cash 10,000 Building 20,000 C. Cash 10,000 Building 20.000 Common Stock D. Common S Stock 30,000 Retained Eamings E. Cash & Builing 30,000 Common Stock 30,000
Answer:
The correct option is B,common stock 30,000 cash 10,000 and building 20,000
Explanation:
Geraldine Parker's contributions to the business -that is both cash and building are seen as his capital invested in the business.Invariably, it is assumed the new business owes Geraldine Parker the worth of resources invested
Appropriate double entries for the transaction are shown below
Dr Cash $10000
Dr Building $20000
Cr Capital $30000
This is the capital as at the start of the business,it is also possible that Geraldine Parker contributes additional capital which adds to existing capital.
Also,the profits made increases the stake of the owner in the business and drawings should e deducted from the capital in case the owner withdraws cash or goods from the business.
The price of a stock is:_______.a) the future value of all expected future dividends, discounted at the dividend growth rate. b) the present value of all expected future dividends, discounted at the dividend growth rate. c) the future value of all expected future dividends, discounted at the investors required return. d) the present value of all expected future dividends, discounted at the investors required return.
Answer:
The answer is D.
Explanation:
The price of a stock is also known as price of equity. This is the price the equity of a company is presently worth. The price the potential investors will be able to purchase it. One of the ways of calculating price of a stock is the Dividend Discount Model which can be calculated by:
Ke = (D1÷Po) - g
Ke is the Cost of equity(i.e the required rate of return for investors)
D1 is the next year dividend payments
Po is the price of the stock
g is the expected dividend growth rate
To get Po, we can rewrite the formula as:
Po = D1÷Ke - g÷Ke
We can see now that the expected future dividends will be discounted at the ''Ke'' which is the investors'required rate of return
The price of a stock is the present value of all its expected future dividends, discounted at the investor's required return, according to the discounted cash flow model used in finance.
Explanation:The price of a stock is d) the present value of all expected future dividends, discounted at the investor's required return. This concept is rooted in the discounted cash flow (DCF) model often used in finance to determine the valuation of an investment based on its expected future cash flows. To calculate the price of a stock, one would estimate the dividends the stock is expected to pay in the future and then discount those dividends back to their present value using a discount rate, which reflects the investor's required rate of return on the investment. This is because a dollar received in the future is worth less than a dollar today, due to the time value of money and opportunity costs. Therefore, the sum of these present values of future dividends represents the stock's current intrinsic value.
The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $2,000 on hand. The adjusting entry that should be made by the company on June 30 is ____________.
Answer:
The adjusting entry that should be made by the company on June 30 is
Inventories $ 6,500 (debit)
PPE Asset $ 6,500 (credit)
Explanation:
Error Made on June 30 was as follows : Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset.
PPE Asset $6,500 (debit)
Cash $6,500 (credit)
On 30 June the amount of inventory reported is understated by $6500.While the amount of Assets recorded is overstated by $6500
Therefore the adjasting entry for this situation is as follows
Inventories $ 6,500 (debit)
PPE Asset $ 6,500 (credit)
Thus increasing the Inventory balance and decreasing the PPE Asset Balance.
Answer:
Debit supplies expense $4,500
Credit supplies account $4,500
Explanation:
When the laundry supplies was purchased, the entries posted is debit to supplies account, credit to cash/accounts payable depending on whether cash was paid or the supplies were made on account.
As the supplies are used, the amount used is accounted for by debiting supplies expense and crediting supplies account.
As such, the balance in the supplies account is the net of the initial debit at purchase and the credit on use.
Hence adjusting amount
= $6,500 - $2,000
= $4,500
Average cost is:
a. (variable cost)/(quantity).
b. (fixed cost)/(quantity).
c. (total cost)/(change in quantity).
d. (change in total costs)/(change in quantity).
e. (total cost)/(quantity).
f. (change in total costs)/(quantity).
Answer:
e. (total cost)/(quantity).
Explanation:
The average cost is the cost that includes the variable plus fixed cost and the number of units produced which we called as a quantity
In mathematically,
Average cost = Total cost ÷ Quantity
where,
Total cost = Fixed cost + variable cost
It is a sum of fixed cost and the variable cost
Quantity = Number of units produced
As the marketing manager of BargainSmartphones, you're so committed to offering the best bargains that you're willing to show other major online and offline smartphone retailers' prices. The one thing your website does NOT offer is:
Answer:
personalization.
Explanation:
Based on the information provided within the question it can be said that the one thing that your website does not offer is personalization. This refers to allowing your customers to choose the parts of the product that they want and the ones they do not in order to create and order a version of the product that fits their needs. Which, as a phone manufacturer you cannot do since phone models are fixed products that do not have swappable parts.
Tamarisk, Inc. sells merchandise on account for $7400 to Cheyenne Corp. with credit terms of 2/15, n/30. Cheyenne Corp. returns $1700 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check
Answer: $5,586
Explanation:
Tamarisk, Inc. sells merchandise on account for $7,400 to Cheyenne Corp. with credit terms of 2/15, n/30
Returned goods worth $1700 of merchandise that was damaged.
Total purchase. $7,400
Less: Return. ($1,700)
Net purchases. $5,700
Made pmt within the discount period of 15 days at 2% discount
Purchases of $5,700 x 2%. = $114
Total amount paid for the purchase is $5,700 - $114 = $5,586
Answer:
Bank $5586
Explanation:
In the books of Tamarisk Inc
Sr. No Particulars Debit Credit
1 Accounts Receivable $ 7400
Sales $ 7400
2 Sales $ 7400
Sales Returns $ 1700
Sales Discount $ 144
Bank $5586
WORKING:
The amount of Check
Credit Sales Less Sales Returns= $ 7400- $ 1700= $ 5700
Sales Discount =2% of Credit Sales= 2% of $ 5700= $ 114
Bank Amount = Credit Sales less Sales Discount= $ 5700- $ 114= $ 5586
Alexander is a consultant at a finance company. Other employees approach him for help in all types of stressful situations. He always keeps calm and is quick at finding solutions to problems. In the context of personalities, Alexander can be described as being _____.
Answer:
These are the options for the question:
A) unconscientious
B) conscientious
C) emotionally stable
D) emotionally unstable
And this is the correct answer:
C) emotionally stable
Explanation:
Alexander can be described as being emotionally stable because he stays calm in stressful situations. In other words, he does not let situations stress him out so much until losing control, no matter how difficult those situations are.
He could also be probably described as conscientious but the statement in the question does not specify whether he is orderly or methodic or not, so the best option is C).
Suppose the Fed decides it needs to pursue an expansionary policy. Assume people hold no cash, the reserve requirement is 10 percent, and there are no excess reserves. Show how the Fed would increase the money supply by $3 million through open market operations. Instructions: Enter numeric responses as whole numbers. Because the current money multiplier is , the Fed would $ worth of bonds, the monetary base and so increasing the money supply by $3 million.
Answer: The Fed would by $ 300 000 worth of bonds
Explanation:
Money multiplier calculates how much an initial deposit could increase money supply
Money Multiplier = (1/reserve ratio)
Money Multiplier = 1/0.10 = 10
meaning each $1 would increase money supply by $10
The Fed wants to increase the Money Supply by $ 3 million
$1 dollar increases money supply by $10, therefore The Fed would by $300 000 worth of bonds in the open markets. that is $3 million divided by the multiplier, 3000000/10.
the monetary base will increase by $3000 000
Sky High Seats manufactures seats for airplanes. The company has the capacity to produce 100,000 seats per year, but currently produces and sells 75,000 seats per year. The following information relates to the current production of the product:
Sale price per unit: $ 440
Variable costs per unit:
Manufacturing: $ 230
Marketing and administrative: $ 50
Total fixed costs:
Manufacturing: $800,000
Marketing and administrative: $220,000
If a special sales order is accepted for 7,000 seats at a price of $340 per unit, and fixed costs remain unchanged, how would operating income be affected? (NOTE: Assume regular sales are not affected by the special order.)
A. Increase by $ 2,380,000
B. Increase by $ 420,000
C. Decrease by $ 420,000
D. Increase by $ 6,000,000
Answer:
Increase by 420.000$
Explanation:
Company's annual revenue at this level is: 75.000*440 = 33.000.000$. Total variable expenses are 280*75000= 21.000.000$. Total fixed expenses are 1.020.000$ making its annual profit equal to 10.980.000$. As regular sales won't be affected with the special order, and since company does not uses its entire production capacity, we can treat fixed costs as non-reimbursable costs. Therefore, we only observe relations of variable costs and income.
With price of 340$ per unit, total income is 2.380.000$ and total variable costs are 1.960.000$. The difference is 420.000$ and relates to the increase in profit in terms of non-used total production capacity.
Write a one-page 0pp to Simon D'Azure, a retired worker, that he will have to pay half the costs of his health care premiums directly. You will provide a telephone number so that he can have his questions answered by the insurer. Create any details needed for a complete letter.
Answer:
To
Simon D'Azure
2 Banquet Close
Houston,
Texas
March, 7 2020
Subject: Payment of Healthcare Premiums
Dear Simon D'Azure,
Thank you for your service to our company and we do hope you are enjoying your retirement .
We will like to inform you that you will have to pay half the costs of his health care premiums directly.
Attached hereto is a copy of the costs of your health care premiums. Please take a look and review it. If the content is to your liking, sign and forward back to the insurer with the address on the letter.
For any additional questions and clarifications pertaining to the health care premiums or anything else, please feel free to call +1 234 567 89, so that he can have your questions answered by the insurer.
Regards,
Truly Daisy
Explanation:
To
Simon D'Azure
2 Banquet Close
Houston,
Texas
March, 7 2020
Subject: Payment of Healthcare Premiums
Dear Simon D'Azure,
Thank you for your service to our company and we do hope you are enjoying your retirement .
We will like to inform you that you will have to pay half the costs of his health care premiums directly.
Attached hereto is a copy of the costs of your health care premiums. Please take a look and review it. If the content is to your liking, sign and forward back to the insurer with the address on the letter.
For any additional questions and clarifications pertaining to the health care premiums or anything else, please feel free to call +1 234 567 89, so that he can have your questions answered by the insurer.
Regards,
Truly Daisy
Schumpeterian growth focuses on:______. a. capital formation (i.e., more physical capital) as central to economic growth.b. arguing that diminishing returns to capital are overstated .c. the role of cities as central to economic growth.d. the role of technological innovation and entrepreneurs as central to economic growth. e. market expansion as central to economic growth.
Answer:
Option D The role of technological innovation and entrepreneurs as central to economic growth.
Explanation:
The reason is that these generate value of the country's product due to its uniqueness and preferable services provision which means that the exports of the product will grow and the domestic sales will also grow if the product is innovative. Innovations brings the demand because nowadays the fight is not on the borders the fight among countries is generating heavy amount of reserves through increase in exports. And this growth in economy is only possible if the country's products are produced efficiently on the international market which is only possible if the innovation has decreased the cost of producing the products or the products produced are efficient.
Schumpeterian growth focuses on the role of technological innovation and entrepreneurs as central to economic growth. Innovators and entrepreneurs drive economic growth by creating new technologies or introducing innovative ways of doing things. Technology, in this view, is the primary driver of economic growth.
Explanation:Schumpeterian growth theory primarily focuses on d. the role of technological innovation and entrepreneurs as central to economic growth. Joseph Schumpeter, the founder of this theory, posited that innovators and entrepreneurs drive economic growth by creating new technologies or introducing innovative ways of doing things. It is the cycle of innovation and creative destruction, the process by which old ways are replaced by new ones, that propels the economy forward.
In this view, the primary driver of economic growth is not necessarily more physical capital, i.e., capital formation, or market expansion, but rather innovative ideas and technologies. Also, it doesn't particularly focus on the role of cities in economic growth. While capital deepening, of both human and physical capital, is important for GDP growth, technology, according to Schumpeter, is the most important contributor to economic growth.
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Simonne, a single taxpayer, bought her home in Orlando 25 years ago for $55,000. She has lived continuously in the home since she purchased it. In the current year, she sells her home for $405,000. What is Simonne's taxable gain on the sale?a. $0b. $90,000c. $100,000d. $350,000
Answer:
C) $100,000
Explanation:
Since Simmone is a single taxpayer, she can exclude up to $250,000 from her home's basis when calculating her capital gains from selling the house. She obviously met the requirement of living in the house for two years before selling, so her taxable gain = $405,000 (selling price) - $250,000 (single taxpayer exclusion) - $55,000 (house basis) = $100,000.
If she was married, her exclusion would be $500,000.
According to U.S. tax law, a taxable gain from the sale of a home is the selling price minus the purchase price, less the $250,000 tax-free allowance provided they owned and used the home as their main home for at least 2 of the 5 years before the sale. In Simonne's case, her taxable gain is $100,000. Option C is correct.
Explanation:The tax situation explained in the question is about the U.S. rules for taxation of gains from the sale of a primary residence. According to the U.S. IRS (Internal Revenue Service), a taxpayer may exclude up to $250,000 ($500,000 for married couples) of gain on the sale of a property, provided they owned and used the home as their main home for at least 2 of the 5 years before the sale.
Therefore, for Simonne, firstly we calculate the gross gain from the sale, which is selling price minus purchased price = $405,000 - $55,000 = $350,000.
As this gain is higher than $250,000, Simonne has a taxable gain, but only on the amount over $250,000.
Therefore, her taxable gain would be $350,000 - $250,000 = $100,000. So the answer is (c) $100,000.
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According to Butner (2011), performance optimization concept is described as a multi-enterprise, supply demand balancing solution. Which is NOT one of its core feature?
Answer:Segregate events across the end-to-end value chain related to customers, distribution, manufacturing, and multi-tiered supply.
Explanation: Performance optimization is a term used to describe the various changes and modifications made to a business in order to ensure that the performance meets the required set levels.
According to Burner(2011)the Segregation of events across the end-to-end value chain related to customers, distribution, manufacturing, and multi-tiered supply is not one of the core features of performance optimization.
The central idea for Janelle's speech on the importance of using sunscreen does not break down into logical divisions. Rather than forget this topic and try to find one that divides more logically, what other suggested strategy should Janelle apply
Answer:
find new supporting material on the topic and start again
Explanation:
Based on the information provided within the question it can be said that the suggested strategy that Janelle should apply would be to find new supporting material on the topic and start again this will allow Janelle to have more information that will help her divide her thoughts more efficiently and logically within her speech.
Answer:
B) establish reasons why her central idea is true
Explanation:
Since Janelle's speech has several weak spots, she must perform a little more research in order to establish a stronger central idea. Or maybe she already has done enough research and she possesses all the necessary information, but her speech is lacking order.
Whichever the case, she must come up with arguments that support her central idea, i.e. her speech is lacking focus.
Elvis values the first gravy sandwich at $5, the second at $4.50, and the third at $4. If he buys three sandwiches for $4 each, his consumer surplus has a value of _____
Answer:
Consumer Surplus = $1.50
Explanation:
Consumer surplus is the difference between what a consumer is willing to pay for a given amount of goods or services and what he ends up paying.
Therefore,
Consumer surplus = Amount consumer is willing to pay less amount paid
Given that
Elvis is willing to pay 5 + 4 + 4.50 = 13.50 for three
Price of 3 sandwich = 3 × 4 = 12
Consumer surplus = 13.50 - 12
= $1.50
Final answer:
Elvis has a total consumer surplus of $1.50 when buying three sandwiches for $4 each.
Explanation:
Elvis values the first gravy sandwich at $5, the second at $4.50, and the third at $4. If he buys three sandwiches for $4 each, his consumer surplus is the difference between what he is willing to pay for each sandwich and what he actually pays. Calculating the consumer surplus for each sandwich: for the first sandwich it's $5 (value) - $4 (price) = $1, for the second it's $4.50 (value) - $4 (price) = $0.50, and for the third, it's $4 (value) - $4 (price) = $0. Therefore, his total consumer surplus for three sandwiches is $1.50.
In a certain lottery, three white balls are drawn (at random) from ten balls numbered from $1$ to $10$, and one red SuperBall is drawn (at random) from ten balls numbered from $11$ to $20$. When you buy a ticket, you select three numbers from $1$ to $10,$ and one number from $11$ to $20$. To win the jackpot, the numbers on your ticket must match the three white balls and the red SuperBall. (You don't need to match the white balls in order). If you buy a ticket, what is your probability of winning the jackpot
Answer:
1/7,200 or 0.01389%
Explanation:
since you have to choose three numbers and one superball to win the lottery, your chances will be:
chances of getting the 3 white numbers = 1/10 x 1/9 x 1/8 = 1/720
chance of getting the superball = 1/10
chances of winning the jackpot = 1/720 x 1/10 = 1/7,200 = 0.01389%
Answer:
0.00083
Explanation:
Number of white balls = 10
Number of white balls drawn = 3
Number of red superbowl = 10
Number of red superbowl drawn = 1.
Probability of drawing first white ball = 3/10
Probability of drawing second white ball = 2/9
Probability of drawing third white ball = 1/8
Probability of drawing red superbowl = 1/10
To win the jackpot, we have:
[tex] \frac{3}{10} * \frac{2}{9} * \frac{1}{8} * \frac{1}{10} [/tex]
= 0.00083
Anita Job is the new Treasury Secretary and she is trying to interpret the inflation measures for two consecutive years. In Year 1, the aggregate price level increased by 8% and in Year 2, the aggregate price level increased by 5%. What term describes the change in the price level from Year 1 to Year 2? a. disinflation b. conflation c. deflation
Answer:
The correct answer is A. Disinflation.
Explanation:
The disinflation process consists in subjecting the economy, for a certain period of time, to a cooling process by applying a policy of contractive demand in order to bend inflationary pressures.
A matter of enormous interest in economic policy is related to the fact that once certain factors have caused price rises and inflationary expectations have been generated, their reduction may imply high costs in terms of production and employment, as evidenced by the experience itself European or the deflation carried out in the United States in the first half of the 80s. That is to say, that once caused the increase in inflation, economic policy, and monetary policy in particular, it faces the need to compare the costs derived from disinflation, with the expected long-term benefits of the lower inflation rate. Tobin (1987), for example, expressed this idea by stating that "the central question is whether social investment in sufficient unemployment for sufficient time to reduce inflation is subsequently compensated by the real advantages of permanently lower inflation."
On January 1, Year 1, a company with a calendar year end began developing a software program that it intends to market and sell to its customers. The software coding was completed on March 31, Year 1, at a cost of $200,000, and the software testing was completed on June 30, Year 1, at a cost of $100,000. The company achieved technological feasibility on July 31, Year 1, at which time the company began producing product masters at a cost of $125,000. What amount should the company report for the total research and development expense for the year ended December 31, Year 1?
Answer:
$300,000
Explanation:
On January 1, Year 1, a company with a calendar year end began developing a software program that it intends to market and sell to its customers.
The software coding was completed on March 31, Year 1, at a cost of $200,000, and the software testing was completed on June 30, Year 1, at a cost of $100,000.
The company achieved technological feasibility on July 31, Year 1, at which time the company began producing product masters at a cost of $125,000.
Therefore the amount that the company should report for the total research and development expense for the year ended December 31, Year 1 is the cost of software coding ($200,000) and software testing ($100,000) which are the costs up to the point, before the company started producing.
Final answer:
The total research and development expense for the year ended December 31, Year 1, is $300,000, as this is the sum of costs incurred up until the point of technological feasibility.
Explanation:
The company should report the total research and development expense for the year ended December 31, Year 1, as the sum of the costs incurred up until the point of technological feasibility, which is after software coding was completed, and software testing completed. The coding cost (incurred by March 31, Year 1) is $200,000 and the testing cost (incurred by June 30, Year 1) is $100,000. The total R&D expense reported will be $300,000 because costs incurred after achieving technological feasibility such as producing product masters are capitalized rather than expensed. So, the costs for producing product masters ($125,000) incurred after July 31, Year 1, when technological feasibility was achieved, are not considered part of the R&D expense.
Hoffman corporation issued $75 million of 7%, 15-year bonds at 104. each of the 75,000 bonds was issued with 15 detachable stock warrants, each of which entitled the bondholder to purchase, for $30, one share of $1 par common stock. at the time of sale, the market value of the common stock was $35 per share and the market value of each warrant was $8.
Answer:
Dr. Cash 78.0
Dr. Discount on Bonds Payable 6.0
Cr. Bonds Payable
Cr. Equity-Stock Warrants
Explanation:
The question is about the issuance of bonds and stock warrants and the calculation of total proceeds from the issuance.
Explanation:The subject of this question is Business, as it involves financial transactions and understanding the issuance of bonds and stock warrants.
To calculate the total proceeds from the issuance, we first need to calculate the total amount received from the bonds and the total value of the warrants. The total amount received from the bonds is $75 million * 104% = $78 million. The total value of the warrants is 15 warrants/bond * 75,000 bonds * $8 per warrant = $9 million.
Therefore, the total proceeds from the issuance is $78 million + $9 million = $87 million.
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The city of Trenton, New Jersey, passed an ordinance making it unlawful to use any form of sound amplification on the city streets. Keller mounted a speaker on a truck. Through the speaker, he played music and spoke on a microphone while driving on city streets. Keller was convicted and fined $50. He appealed, arguing that the ordinance violated his rights of free speech and free assembly. The city claimed that the ordinance served a legitimate governmental function in keeping the city streets safe and orderly, and did not prohibit or unduly restrict any particular speech. The court probably found that the ordinance was ______.
Answer: constitutional as a reasonable restriction on fundamental rights.
Explanation:
The phrase 'reasonable restriction depicts that the control imposed upon a. person in enjoyment of the right should not be arbitrary or of an excessive nature, beyond what is needed in the interest of the public.
The court probably found that the ordinance was valid because its purpose was to maintain public order and safety and it was indirectly related to any form of speech.
Explanation:The subject of this question revolves around constitutional law, particularly the First Amendment rights of free speech and assembly. The hypothetical scenario involving Keller and the city of Trenton, New Jersey, poses the question of whether an ordinance prohibiting sound amplification on city streets unduly restricts these rights.
While the constitution does protect the right of free speech and assembly, it does not cover all forms and contexts of speech without exception. The court must assess whether the ordinance serves a legitimate public interest and whether it is neutral regarding the content of the speech. In this case, the ordinance prohibits all sound amplification, regardless of the speech content, and the city argues that it is necessary for maintaining safety and order on the streets. Thus, it appears that the ordinance does not specifically target any particular form of speech, making it content neutral.
In terms of the public interest, maintaining safety and order is a valid concern for a local government. Therefore, it is likely that the court would uphold the ordinance, finding that it does not violate Keller's First Amendment rights.
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One of the core problems that created the financial meltdown of 2008 was that large loans were made to individuals who could not repay them, and the finance companies purchased these bad debts without realizing how poor the prospects of repayment were. Which of the following decision-making errors was made by the lenders and borrowers?
A) hindsight bias
B) availability bias
C) overconfidence bias
D) confirmation bias
E) anchoring bias
Answer:
The correct option is C
Explanation:
Overconfidence bias is a tendency to hold a misleading assessment of our skills, intellect or talent.
Values are Group of answer choices a. The deeply held convictions that influence your thinking when you are faced with choices b. The tangible forces that guide and influence your decisions throughout your life. c. Self-motivators that indicate what you do not consider most important in your life. d. Reflected in what you actually do not do with your time and your life.
Answer:
a. Deeply held convictions that influence your thinking when you are faced with choices
Explanation:
A conviction refers to a firmly held belief of an individual.
An individual forms his values from his family, friends and people around which gradually shape perspective.
Values determine how an individual behaves socially, what constitutes morally right and what is not. They govern the ethical behavior of an individual.
Values are personal in nature in the sense those ain't generally acceptable principles. Those differ from individual to individual. They determine the course of action of an individual when faced with challenges and alternatives.
Diane Fielding, owner of the famous "Mint" chain of restaurants, planned to revamp the whole concept and structure of her outlets. With this purpose in mind, she selected five managers from her existing outlets based on their performance in relation to targets, experience, and motivation. Each manager was asked to take up an aspect of the restaurant's functioning like menu, décor, and customer service measures. Diane was sure that this group of high performers possessed a clear understanding of the ground realities which made them the best candidates to contemplate and implement the required changes. In order to reward them, she announced a hefty bonus for their collective performance. Six months later, after the changes were implemented, Diane realized that the group had made many questionable decisions which were resulting in problems. Which of the following, if true, would best explain this outcome?
a. The team members had high levels of affective commitment to their jobs as Diane was a good leader.
b. The team members had skills that were complementary to each other and added value to the project.
c. The team members were clear about their duties and role ambiguity was minimal.
d. Typically, these managers viewed each other as competition as Diane only rewarded the highest earning outlet with incentives.
e. Two of the branches of "Mint" were located in the suburbs, while the other three outlets were located in busy areas and witnessed more customers.
Answer:D. Typically, these managers viewed each other as competition as Diane only rewarded the highest earning outlet with incentives.
Explanation: The action of Diane was to reward the best performers which is a Norm in management.
Reward and compensation is one of the key factors needed in order to effectively and efficiently motivate a team.
Sometimes the efforts of management is not followed by good work and Attitude by the subordinates which has led them to develop unhealthy rivalry amongst themselves,the managers saw themselves as Competing against each other instead of being partners in progress.
What is a benefit of stock markets?
Answer:
currently there will be no benifits because of the Corona Virus because the stock market is crashing.
A benefit is that the market allows the average individual investor to get into a diversified portfolio.
It also allow the investor to check the values of their daily holdings and it allows them to add periodically to their accounts. In addition, the market encourages them to put money away for long term-goals.
What a company does, how a company uniquely does it, how a company gets paid for doing it, and what costs are involved are all part of an organization's ________. revenue model value model competitive model business model strategic model
Answer:
business model
Explanation:
A "business model" is used by companies in order to make sure that their business will earn a profit. This type of model identifies the company's business, such as its products or services. This includes the costs involved and the sources of financing that the company has.
Not all business models can be successful, but a successful one allows the company to fulfill the needs of the customers. This is coupled with a competitive price of the goods and services as well as sustainable cost.
So, this explains the answer.
External sources of generating product ideas include ________. Select one: a. customers b. marketing executives c. customer service representatives d. employees from R
External sources of generating product ideas include customers.
Option: A
Explanation:
Idea creation is critical as it helps you to broaden your repertoire of thoughts outside your current belief circle. We agree that you first have to extend thought to include more queries, more factors and more ideas before you start the cycle of refinement. The basis of innovative product concepts involve staff of businesses, consumers, rivals, external inventors, acquisitions and representatives of the chain. Both solicited and spontaneous thoughts can come from the basis, and some can even happen by accident.
External sources for generating product ideas include option a. customers. They provide vital feedback and insights through various means like surveys and social media, which help companies identify market needs.
External sources of generating product ideas include customers.
This is because they are the end-users who provide valuable insights and feedback on what products are needed, what improvements can be made, and what gaps there are in the market.
Companies often gather this information through surveys, customer interviews, suggestion boxes, social media interactions, and by monitoring trends in customer behavior and preferences.
The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding all legal matters; and distributing the proceeds derived from receipts falls to the:_______.
Answer:
producer
Explanation:
The producer of a movie, theater play, sitcom, etc., is the person in charge of securing everything that is needed in order for the movie, play, etc., to be properly carried out. That means he/she is responsible for gathering the necessary funds and paying salaries and all other expenses. The producer is also responsible for dividing the money generated by the movie, play, etc., and distributing it to the investors.
The long run is best defined as a time period during which at least one input cannot be changed. during which all inputs can be varied. during which consumer demand for goods and services change. that is longer than two years. One thing that distinguishes the short run and the long run is the number of months considered. implicit costs. the existence of marginal costs. the existence of at least one fixed input.
Answer:
The long run is best defined as a time period
during which all inputs can be varied.One thing that distinguishes the short run and the long run is
the existence of at least one fixed input.Explanation:
On the long run, all productive inputs can be changed and/or altered. that includes fixed costs like equipment and machinery, building facilities, processes, wages, etc.
On the short run, at least one of the inputs used to produce our goods or services cannot be changed, e.g. wages tend to be sticky, fixed costs (depreciation of equipment and machinery, buildings, etc.)
The long run is best defined as a time period that is long enough to change all factors of production. Option (b) is correct.
Over time, every input is variable. There are no diminishing returns over time because fixed capital prevents diminishing marginal production. Companies can select the best capital stock to generate the required level of output.
"The short run is a time frame during which at least one input's amount is constant while the quantities of the other inputs are flexible. The length of time in which all input quantities are flexible is known as the long run.
Therefore, Option (b) is correct.
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Identify whether the following items would be reported on the income statement or balance sheet. 1. Cash 2. Service Revenue 3. Notes Payable 4. Interest Expense 5. Accounts Receivable
Answer:
Explanation:
Items to be reported in the Balance Sheet.
1. Cash
3. Notes payable
5. Accounts receivable
Items to be reported in the income statement.
2. Service Revenue
4. Interest Expense