Everyone in the worksite including all workers and managers, regardless of the number of sets of management and workers, should have access to safety information, training, and control to avoid workplace accidents. This consensus enhances an effective response to risks and accidents. Option 2 is correct.
Explanation:In matters of safety within a worksite,(option 2) every worker and manager should have access to vital information, training, and control needed to avoid workplace accidents regardless of the number of sets of management and workers within the worksite. This is because everyone in the workplace contributes to the overall safety. For example, a worker who is well-aware of the risks and controls in place can react appropriately during accidents and even prevent them from happening.
Meanwhile, managers who understand these risks can plan accordingly and ensure that these preventative measures are well-implemented and efficiently communicated throughout the staff. On a broader context, this principle is embedded in Occupational Safety and Health Administration (OSHA) regulations.
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Super Sleep Hotel is a single hotel with 150 rooms. During the month of September, the hotel had 3,375 guests, who each stayed a single night. What is the occupancy rate for September?
a. 22.5%b. 4%c. 100%d. 75%
Answer:
d. 75%
Explanation:
Given data from Super Sleep Hotel (a single hotel)
Number of rooms = 150
Number of guest for the month = 3,375
Number of days in September = 30
Total availability of rooms during the period = 30 × 150 = 4500
Occupancy rate is the rate at which the rooms are occupied during the week. It is given by the ratio of the guest to the rooms available.
Occupancy rate = 3375/4500
= 0.75
As a percentage, this is 75%. Option d.
The occupancy rate for Super Sleep Hotel during September is calculated by dividing the total number of guests by the product of the number of rooms and days in September, then multiplying by 100%. The result of this calculation is 75%, making option d the correct answer.
Explanation:To calculate the occupancy rate for Super Sleep Hotel during the month of September, we can use the following formula:
Occupancy Rate = (Total Number of Guests / (Number of Rooms × Number of Days in the Month)) × 100%
Given that the hotel has 150 rooms and there were 3,375 guests in September, and September has 30 days, we can substitute these values into the formula:
Occupancy Rate = (3,375 / (150 × 30)) × 100% = (3,375 / 4,500) × 100% = 0.75 × 100% = 75%
Therefore, the correct answer is d. 75%.
The city fire department offers its services to any individual within its city limits, so even Ken, who is driving through the city on vacation, received assistance with a car fire. The fire department is an example of a ________organization.
a) servant
b) common weal
c) for-profit
d) mutual benefit
e) volunteer
Answer:
Explanation:
Commonwealth
A community or an organization of shared beliefs , interest , concerns , assistance or services that can be offered. Like in the case of the city fire department offering its services to the environs within its city limits. The act of Ken driving through the on vacation and him receiving assistance is an example of a common wealth organizatiin sharing their concerns and services on anyone in the city.
Which of the following statements is CORRECT? Group of answer choices Unlimited liability and limited life are two key advantages of the corporate form over other forms of business organization. Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.
Answer:
The correct statement is; Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.
Explanation:
A limited company can either be private or public. A limited company posses these 2 key features namely;
1. Limited liability- the liability of shareholders is limited to the amount of their investment in the company.
2. Seperate legal existence- a limited company can in it's name sue, be sued and enter into contracts.
Limited liability means that the investors can only lose the money they have invested and no more, meaning lenders have to keep this in mind when issuing loans to limited companies.
The format and information contained in one firm's financial statements are most likely to differ drastically from the format and information contained in another firm's financial statements. True or false?
Answer:
False
Explanation:
A financial statement is a document that shows the financial position/strength as well as business activities of a firm, in a structured form and that is easy to understand.
Just like there are generally accepted accounting principles(GAAP), there are also standard ways of writing financial statements. These means that what is obtainable on the financial statement of firm A is also obtainable on that of firm B. This means the financial statement of both firms can do the same functions in their respective firms.
Cheers
If a financial manager focuses on monitoring and influencing the company's current assets and liabilities, he or she is involved with _________.A) working capital. B) current accounts. C) long-term financing. D) debt resolution. E) savings enhancement.
Answer: A) Working capital
Explanation: The current assets and current liabilities represent the operating components of a financial statements. These are assets and liabilities which are settled within a one year period and are thus aggregated called working capital
Assuming that there are no income taxes, what would be the ROI and residual income, respectively, for this equipment, which has an average value of US $100,000?
Please see complete question below :
CPA-08299: Managers of the Doggie Food Co. want to add a bonus component to their compensation plan. They are trying to decide between return on investment (ROI) and residual income (RI) as the performance measure they will use. If Doggie adopts the RI performance measure, the relevant required rate of return would be 18%. One segment of Doggie is the Good Treats division, where the manager has invested in new equipment. The operating results from this equipment are as follows:
Revenues $ 80,000
Cost of goods sold 45,000
General and administrative expenses 15,000
Assuming that there are no income taxes, what would be the ROI and RI for this equipment that has an average value of $100,000?
ROI RI
Answer:
ROI = 20% and RI = $2000
Explanation:
Return On Investment(ROI) = Profit before Interest & Tax/Average Investment
Profit before Interest & Tax (PBIT) = Revenue -cost of goods sold- General & Adm expenses
PBIT= $ 80,000 - $45,000 -$15,000
= $20,000
ROI = ($20,000/100,000) * 100% = 20%
Residual Income = PBIT - (Average Investment* Required Rate of Return)
=$20,000- (18%* 100,000)
=$20,000- $18,000
= $2000
In an experiment that studied the effects of a new drug on performance, all subjects in the experimental condition are tested on in the morning and those in the control condition are tested in the afternoon. The time of the day is a(n)___________variable.
Answer:
Independent
Explanation:
An dependent variable is a variable that is being tested for in an experiment while the change in conditions of the experiment is an independent variable.
From the above question, the time of the day the drug is being given to the subjects is independent of the new drug. This is because the drug is what is being tested and as such is the dependent variable. That leaves time as the independent variable in the experiment as the result of its variation(morning and afternoon) of administration is recorded.
Cheers.
With the rapid industrialization and improved transportation of the 1880s, more product producers were chasing the growing purchasing power of more consumers. As a result, they were forced to differentiate their products, resulting in the development oF____________.
Answer: Brands
Explanation:
The development of brands is one of the type of marketing method which strengthen our various types of products and the services in an organization.
The importance of the development of brand is that it helps in maintaining the quality, consistency of product, trust and value the customers requirement.
The following are the phase of the brand development are as follows:
Brand identityBrand strategyBrand management Graphic designAccording to the given question, due to the rapid industrialization the organization are basically forced for differentiating the given products and the services in the development of brands.
Calculate depreciation for year 2 based on the following information: Historical cost $40,000 Useful life 5 years Salvage value $3,000 Year 1 depreciation $7,400 Multiple Choice
1. $7,000
2. $7,400
3. $8,000
4. $8,600
Answer:
2. $7,400
Explanation:
Depreciation is calculated by first establishing the depreciable value of an asset. Depreciable cost is Asset cost - Salvage value.
In the case: $40,000- $3000= $37,000
Under straight depreciation, depreciation is equal throughout the life of an asset.
For a five year use-life life, rate of depreciation = 1/5 x 100= 20 percent:
20% of $37,000= $7,400.00
If 1st depreciation is $7400, second-year depreciation will be $7400
The nominal rate on Sarah’s loan is 7.250%. If the interest is compounded monthly, what rate of interest is Sarah actually paying? a. 7.250% b. 7.496% c. 7.510% d. 8.700% Please select the best answer from the choices provided A B C D
Answer:
b. 7.496%
Explanation:
Suppose the amount borrowed by the Sarah is $1,000 and its interest rate is 7.250% compounded monthly, the below mentioned amount will have to be paid by the Sarah after one year.
Amount to be paid after one year=1,000(1+7.250%/12)^12
=$1,074.96
Now we have to calculate the effective annual interest rate
interest rate=(1,074.96-1,000)/1,000=7.496%
So based on the above discussion and calculation, the answer is b. 7.496%
Answer:
b
Explanation:
When Wal-Mart sells a package of diapers, the company captures data on that sale at its point-of-sale terminal and transmits that data to the company that makes the diapers. When it is necessary, the diaper company restocks the diapers in that Wal-Mart store. This process is called:_____.
Answer:
vendor managed inventory
Explanation:
ERP management software and extranets allow this type of inventory management system. The extranet allows the vendor (supplier) to access the store's merchandise inventory and when it reaches a certain level, it will send more goods to replenish the inventory. This inventory management model is useful because it decreases Walmart's tasks while speeding the vendor's sales process.
Answer: vendor managed inventory
Linear programming, simulation and waiting line theory are most closely associated with which era in the historical development of operations management ? human relations operations research globalization Internet revolution
Answer:
operations research
Explanation:
Operations research -
It is the research method , which deals with the application of the analytical method which enables to make good method , is referred to as operations research.
Stimulation , Linear programming and waiting line theory , are under the operations research .
Hence, from the given information of the question,
The correct term is operations research.
In a promotion mix, ________ involves personally connecting with carefully targeted individual consumers to both obtain an immediate response and cultivate lasting customer relationships.
A) direct marketing
B) advertising
C) public relations
D) predictive analyticals
E) indirect procurement
Answer: (A) Direct marketing
Explanation:
The direct marketing is one of the type of promotional communication or advertising where the organization directly communicate with the consumer or customers about the product in the market.
By using this technique we can easily promote the company products and the services in the market. It is one of the best technique used by an organization for promoting the goods and the services.
According to the given question, the promotional mix is refers to the direct marketing that helps in maintaining the customer relationship and also obtain immediate response for the product.
Therefore, Option (A) is correct answer.
The managers of a restaurant have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job.
a. True
b. False
Answer: True.
Explanation:
The Hawthorne effect explains that workers tends to put in more effort when they are aware that they are being monitored, therefore the restaurant can use the Hawthorne effect to achieve more productivity from their workers.
Worldwide, the public today has more access to information and media choices than ever before. People can now interact freely over media and are no longer passive consumers. However, "more choice" does not necessarily mean ______________.
Answer:
Better Quality
Explanation:
Better Quality, it means that adhering to the good standards of the measure. As the Worldwide, the public have more access to the media as well as the information and have more choices.
And when there are number of choices available, then the people generally look for the more and more and forget regarding the standards of the quality where the they end up having not better quality or the best quality.
A study reported in the May 17, 2012 issue of The New England Journal of Medicine followed people for an average of 13 years and found that people who consumed two or more cups of coffee a day were less likely to die during the course of the study than those who drank no coffee.
a. Was this study a randomized experiment or an observational study?
b. Based on this study, can it be concluded that drinking coffee causes people to live longer?
Answer:
A study reported in the May 17, 2012 issue of The New England Journal of Medicine followed people for an average of 13 years and found that people who consumed two or more cups of coffee a day were less likely to die during the course of the study than those who drank no coffee.
Was this study a randomized experiment or an observational study?
The above study is randomized experiment
Based on this study, can it be concluded that drinking coffee causes people to live longer?
Yes, due to the inference from the research study above. it could be deduced that coffee enhances or improves life span than people without taking coffee as it was established during the 13 years of the research
Explanation:
Final answer:
The study in question is an observational study, which means it observes outcomes without manipulating any variables.
Explanation:
The study reported in The New England Journal of Medicine, which followed individuals for an average of 13 years, is an example of an observational study. This type of study observes and records behavior without manipulating any variables, unlike a randomized experiment where subjects are randomly assigned to different groups with one or more being treated or controlled.
Based on the nature of the observational study, it can be somewhat stated that drinking coffee causes people to live longer. Due to the inference from the research study above. it could be deduced that coffee enhances or improves life span than people without taking coffee as it was established during the 13 years of the research
Mr. Walters has many years of experience as a personnel officer for a large corporation. He does not review most job applicants' reference files because he is confident of his ability to predict their future work performance based on his direct face-to-face conversations with them. Mr. Walters' confidence best illustratesA. 360-degree feedback.B. the halo error.C. transformational leadership.D. the interviewer illusion.
Answer:
The Interviewer Illusion.
Explanation:
This is the confidence that an interviewer demonstrates during a hiring process as he believes he can get a reliable information to make an employment decision about an applicant during an interview.
Previous successful employment decisions made serve as encouragement and as a result helps in developing the skills of the interviewer in that line.
However , this practice are most likely to be influenced by factors like cognitive bias , personal interest and the emotional state of the mind during the interview
The marginal benefit you receive from eating a third slice of pizza will be __________ the marginal benefit you receive from eating the first slice of pizza.
Answer:
less than
Explanation:
The law of diminishing marginal utility states that utility decreases as additional units of a commodity are consumed. An example would the satisfaction you would derive from the first bottle of cola and the second and the third, the satisfaction you derive deceases after each additional consumption.
"In a mid-size company, the distribution of the number of phone calls answered each day by each of the 12 receptionists is bell-shaped and has a mean of 37 and a standard deviation of 7. Using the Empirical Rule (as presented in the book), what is the approximate percentage of daily phone calls numbering between 23 and 51?
Answer:
[tex] z= \frac{51-37}{7}=2[/tex]
[tex] z= \frac{23-37}{7}=-2[/tex]
So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.
So then we can answer this question like this:
[tex] P(23 <X<51)= P(-2< Z< 2) = 0.95[/tex]
Or 95%
Explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The empirical rule, also referred to as the three-sigma rule or 68-95-99.7 rule, is a statistical rule which states that for a normal distribution, almost all data falls within three standard deviations (denoted by σ) of the mean (denoted by µ). Broken down, the empirical rule shows that 68% falls within the first standard deviation (µ ± σ), 95% within the first two standard deviations (µ ± 2σ), and 99.7% within the first three standard deviations (µ ± 3σ).
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
For this case we know that the the random variable X represent the number of phone calls answered by each of the 12 receptionists is bell shaped with a mean [tex] \mu = 37[/tex] and a standard deviation of [tex]\sigma = 7[/tex].
And for this case we want to find this probability:
[tex] P(23 <X<51)[/tex]
And the best way to solve this is using the z score formula given by:
[tex] z = \frac{x-\mu}{\sigma}[/tex]
Because the z score quantifies how many deviation we are from the mean.
For the value fo 51 we have this:
[tex] z= \frac{51-37}{7}=2[/tex]
And for the 23 we got:
[tex] z= \frac{23-37}{7}=-2[/tex]
So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.
So then we can answer this question like this:
[tex] P(23 <X<51)= P(-2< Z< 2) = 0.95[/tex]
Or 95%
One attractive alternative to the corporation for a small business is the __________ because it combines the tax benefits of a partnership with the limited liability of a corporation.
Answer:
Limited liability company
Explanation:
A limited liability company combines both the features of a partnership and a corporation.
The feature of a partnership a llc incorporates is the tax Benefits. The llc profits is taxed once, corporate profits aren't taxed.
The feature of a corporation a llc incorporates is its limited liability. The liability of members is limited to the amount invested in the company.
I hope my answer helps you
Believers of behavioral finance principles do believe that:
A) Markets are not always efficient
B) Rational expectations reflect expected outcomes
C) Choices are always based off expected utility maximization
D) Prices reflect risk and return
E) Arbitrageurs correct mispricings in the market
Answer:
(A) Markets are not always efficient
Explanation:
Behavioral finance tries explaining how individual psychological behavior's influence their financial decisions which cause volatility in the stock market.
It points towards how psychology and human emotions and prejudices affect an investor's decisions which results into unexpected price rise and crashes in the stock market.
Behavioral finance rejects the efficient market hypothesis theory which considers markets are efficient as all the information is available, stock prices are fair reflection of that information.
Thus, Behavioral finance is an extension of behavioral economics and it's believers believe that (A) Markets are not always efficient
In the context of the pre- and postproduction services perspective of a value chain, which of the following statements is true of postproduction services?
A. They focus solely on gaining new customers.B. They include contract negotiations.C. They focus on keeping existing customers.D. They include good and service guarantees.
Answer:
They include good and service guarantees (D)
Explanation:
Option A . This false. Focusing on gaining new customers is part of pre-production services because this yet to be turned to sales.
Option B. This is false. Contract negotiation is part of pre-production services because it is a deal that is yet to be concluded.
Option C. This is false.
Option D.This is true. It is part of post-production services such after sales service.
Final answer:
The true statement about postproduction services in the value chain is that they focus on keeping existing customers by providing ongoing support and services to ensure customer satisfaction and loyalty.
Explanation:
In the context of the pre- and postproduction services perspective of a value chain, the true statement about postproduction services is that they focus on keeping existing customers. Postproduction services play a crucial role in customer retention by ensuring that customers are satisfied with their purchases and by providing ongoing support and services. This could include a variety of activities such as customer service, maintenance services, product updates, and customer feedback mechanisms. These services help to build a loyal customer base, which is vital for the long-term success of a business. Contrary to solely attracting new customers, postproduction services often aim to maintain and enhance the relationship with existing customers to ensure repeat business and referrals.
Moreover, the value chain includes several aspects such as procurement, production, and marketing. Of these, postproduction services are especially important in maintaining the prestige and ensuring the capacity of delivery which have direct implications on a company's reputation and future profitability. Successful delivery and positive customer experiences contribute to a firm’s ongoing success and its competitive advantage in the market.
An approach that recognizes that, with every interaction, customers learn something about a company that will affect their desire to do business there in the future is known as:______.
a. transactional relationship.
b. customer experience management.
c. cognitive dissonance.
d. perceptual categorization.
Answer: Customer experience management.
Explanation:
Customer experience management is the ways in which a company provides it's consumers the best customised experience during their period of patronizing the business: the customer experience management makes the best use of physical and digital contact with consumers to give them a wonderful experience and maintain customer patronage.
In the fictional country of Thelisia, income and social services are distributed equally among its citizens. However, they must pay high taxes, and they experience high levels of unemployment. Thelisia is an example of a(n) ________ nation.
Answer:
Socialist
Explanation:
The Emphasis of Socialism which is practiced in a socialist economy is collective or public ownership of all the means of production. The characteristic of such an economy is that all decisions on the production and distribution of goods and services are in the hands of the government and there is an absolute dependence on Government by the citizenry for their welfare and daily services.
Of course, because the government decides how resources are distributed, the ultimately control the entire resource of the state and as such, they can determine tax levels. Furthermore, since the welfare of the people does not depend on their earnings from jobs and businesses then there will also exist a high level of unemployment
Thelisia based on the explanation above is therefore a socialist nation.
a licensed agent must be appointed by an insurance company to solicit insurance in florida. the agent's license will terminate if a certain period of time elapses without being appointed. How long is this period of time?
Answer:
48 months
Explanation:
If an agent is not appointed in 48 months (2 years), the agent's license will be terminated and would need to apply to be an agent again.
Cheers.
Which of the following are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official?A) Grease paymentsB) Social exchangesC) Opportunity costsD) ProvisionsE) Deferred payments
Answer:
Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official
Explanation:
Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.
Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.
Which of the following is a normative statement?
1. Government has grown too large and should be reduced.
2. The rate of inflation has increased.
3. Government is subject to the same rules as all other institutions.
4. The money supply grew by 3% last year.
Answer:
1. Government has grown too large and should be reduced.
Explanation:
The normative statement is an economic statement that means expressing judgments or value.
Final answer:
The statement 'Government has grown too large and should be reduced' is a normative statement. It is subjective and prescribes how things should be, unlike the fact-based positive statements.
Explanation:
Among the options provided, the statement 'Government has grown too large and should be reduced' is a normative statement. Normative statements express judgments or opinions and prescribe how the world ought to be. Unlike positive statements, which are fact-based and can be tested or verified, normative statements are subjective and based on personal values or beliefs. For example, stating that the 'rate of inflation has increased' is a positive statement because it is a factual claim that can be tested by looking at inflation data. Similarly, saying that 'the money supply grew by 3% last year' is also a positive statement. On the other hand, asserting that the 'government should be reduced' is a normative claim because it goes beyond the facts to express an opinion about the way things should be. This aligns with the concepts of inflation and government's role in the economy. When discussing inflation, the concept that 'inflation is always and everywhere a monetary phenomenon' is recognized as a positive statement rooted in the historical correlation between money supply and inflation rates.
S buys a $50,000 whole life policy with a 50,000 accidental death and dismemberment rider. S dies 1 year later of natural causes. How much will the insurer pay the beneficiary?
Answer:
Insurer pay the beneficiary = $50,000
Explanation:
Data provided in the question:
Amount of the policy bought by the S = $50,000
Accidental death cover = 50,000
Now,
When the S dies the insurer will pay the beneficiary the total amount for which is covered under the accidental cover i.e equal to the amount 50,000
hence,
Insurer pay the beneficiary = $50,000
The insurer will pay the beneficiary $50,000. This is because the insured, S, bought a whole-life policy worth $50,000 and died of natural causes. The accidental death and dismemberment rider does not apply in this case as it covers death or dismemberment caused by an accident.
Explanation:In this scenario, S has bought a whole-life policy worth $50,000 along with an additional accidental death and dismemberment rider of the same value. A whole-life policy covers the insured for their entire life, and a death benefit is paid to the beneficiary upon the insured's death, regardless of the cause. However, the accidental death and dismemberment rider provides additional coverage only if the insured's death or dismemberment is caused by an accident.
In S's case, they died of natural causes and not due to an accident. Therefore, the accidental death and dismemberment rider will not apply. Hence, the insurer would only be required to pay the beneficiary the death benefit associated with the whole life policy, which is $50,000.
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Which of the following statements is about a normal good, which is about an inferior good, which is about both, and which is about neither?
I With incomes falling in the recession, people are buying more chicken.
II People are buying more beef now that incomes have increased.
III People are buying more chicken because the price of chicken has fallen.
IV With higher incomes people are switching from chicken to beef.
Answer:
With incomes falling in the recession, people are buying more chicken. - this statement is about inferior goods
II People are buying more beef now that incomes have increased. - this statement is about normal good
III People are buying more chicken because the price of chicken has fallen. This statment is about neither
IV With higher incomes people are switching from chicken to beef. - this statement is about both normal and inferior goods
Explanation:
A normal good is a good whose demand rises when income increases and falls when income falls. In this question, beef is a normal good.
An inferior good is a good whose demand rises when income fall and falls when income rises. Chicken is an inferior good in this example.
Clarence lives in Maine, which has a sales tax of 5%. He just bought a digital camera whose full price was $725, but after sending in a rebate form, he later received a check in the mail for $125. What was the total amount that Clarence ended up paying after receiving the rebate?
Answer:
=$600
Explanation:
Full price refers to the highest amount payable, or the total amount to be paid. Clarence must have paid the full paid which was $725.
A rebate is promotions discount given by the manufacturer. It is enjoyed by way of claiming after purchase. By filling the rebate forms , Clarence was claiming the discount entitled to her. She got a check of $125.
Her final expenditure on the camera was $725- $125= $600
=$600
Answer: it's $636.25
Explanation: