Answer:
Manager
Explanation:
A manager is person that put together human workforce by planning, organizing an controlling the companies resources in other to achieve the companies goals effectively and efficiently.
_____________ - a term referring to the fact that for many goods, as the level of production increases, the average cost of producing each individual unit declines.
Answer:
Economies of scale
Explanation:
As the production increases, the cost per unit of a single product type decreases.
Final answer:
The term economies of scale describes the reduction in average cost of production as the scale of output increases, allowing businesses to operate more efficiently and at lower costs per unit.
Explanation:
The term you're looking for is economies of scale, which refers to the phenomenon where the average cost of producing each unit decreases as the level of production increases. This occurs because larger production volumes allow for the more efficient use of resources, specialized labor, and better capital utilization. For example, a car factory that produces 20 cars at a total cost of $200,000 would have an average cost of $10,000 per car.
As production scales up, average costs typically go down due to factors such as greater buying power for materials, more efficient production flows, and the ability to spread fixed costs over a larger number of units.
Another example is in industries like major appliance manufacturing, where a larger operation can result in faster production rates through specialization. Retail giants like Costco and Walmart capitalize on economies of scale by operating large warehouse stores that can offer goods at lower prices. The long-run average cost curves illustrate how average costs decline as production increases, signifying the practical benefits of economies of scale.
Certain businesses demand higher safety related rules. for example, window cleaners that specialize in high-rise buildings have certain rules and safety protocols. these specific rules would comprise the _____.
These specific rules would comprise the rules and standards necessary to maintain for providing working conditions to the workers.
Explanation:
There are certain rules and standards that the employers have to maintain to provide a safe working atmosphere and condition to the employees. These are to be provided so that the employees be healthy at the workplace.
The rules that are to be maintained are proper atmosphere of the place where they work, no hazardous chemicals to be used, short breaks to be provided in between of the working time and the risks to be limited in the work place.
It comprise of Industry-specific knowledge
The following information should be considered:
In the case when the demand should be higher for safety related rules so it is applicable for industry and specified knowledge. Neither it represent the key business functions, speciales professionalization infant industry argument.Learn more: https://brainly.com/question/8041076?referrer=searchResults
When an economy is operating efficiently, the production of one more unit of a good will result in some loss of production of another good because:a) resources are limited and efficiency implies that all resources are already in use. b) consumers will not want more of both goods. c) the production possibilities frontier (PPF) shifts inward as more of only one good is produced. d) technology can only improve the production of one good.
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
RESTAURANT RESEARCH SCENARIO - Insight Research, a marketing research company, has been hired by a national chain of family restaurants to help them better understand their customers and their preferences. The restaurant chain has several competitors competing for the same customer segments and has experienced sales declines in the past few years. Researchers go "under cover" and pretend to be customers so that they will fit in while they observe the interactions between customers and the wait staff. Subsequently, they write a report of their interpretations of what they experienced personally while pretending to be a customer. They also add in details of what they saw regarding interactions of other customers with each other and with the employees of the restaurant. Some conclusions drawn were that the employees were not especially attentive to the customers and that customers were overheard saying they didn't intend to return. Some researchers also noted that the food was not very good and they saw several customers return orders.
Refer to the Restaurant Research Scenario. Which of the following current demographic trends is most likely to result in the restaurant experiencing an increase in sales?
Answer:
Employees attitude to customers (Customer Relationship) and the quality of the food are the two most important trends that would bring about an increase in sales.
Explanation:
The first instrument of effective sales is an establish relationship. If a customers visits a restaurant to buy food and does not feel welcomed, the tendency to return back another time is very slim. Hnece, taking the scenerio in questions,the employees do not have the right attitude for keepiing their customers loyal to their product irrespective of whether the product is good or bad.
On the other hand, the reason for visiting a restaurant is to eat good food and not bad. So, when the quality of food cooked by the restaurant does not meet the taste and quality expected by the customer, the possibility of having such customer come around again is low. This invariably implies loosing the customer and the chain of connections such customer would have brought to the restaurant.
In summary, having the right employees with good customer relationship and chefs with good food recipes and quality is likely to result in the restaurant experiencing an increase in sales
Which of the following is a condition in the general environment that if exploited effectively helps a company reaches strategic competitiveness?
Answer:
The correct answer to the following question will be "Opportunity".
Explanation:
A market opportunity to sell or contract any commodity, facility, facilities, etc. that will allow the buyer-licensee to set up a business.The licensor of a marketing opportunity usually announces that he or she will protect or support the purchaser in finding a suitable destination or deliver the commodity to the cardholder-licensee.Therefore, Opportunity is the right answer.
To show how successfully your business performed during a period of time, you would report its revenues and expenses in the
A. balance sheet.
B. retained earnings statement.
C. income statement.
D. statement of cash flows.
Answer: The correct answer is c). Income statement.
Explanation:
An income statement is a part of the financial statements. It is used for reporting a company's financial performance over a financial period.
Revenues and expenses are reported on an income statement to arrive at either profit or loss of a company.
According to the public choice mode, how do policy makers arrive at their decisions?
The public choice model suggests that
A. Policy makers will follow the preferences of the majority.
B. Policymakers will take actions that are in the public interest.
C. Policymakers will act to maximize government tax revenue.
D. Policymakers will act randomly.
E. Policymakers will take actions that are likely to result in their being re-elected.
Answer:E. POLICYMAKERS WILL TAKE ACTIONS THAT ARE LIKELY TO RESULT IN THEIR BEING RE-ELECTED
Explanation: Public choice model suggests that public officials like political office holders will most likely use ECONOMIC POLICIES to ensure they achieve a personal desire or desires such RE-ELECTION.
Public office holders have come to realize that Voters choice are influenced by Government policies,they always want to implement policies that will influence the choice of voters.
Furloughing is a situation in which a firm asks an employee to take time off but the employee is still provided with full pay and benefits.
a. True
b. False
The production possibilities frontier shows the ________ combinations of two products that may be produced in a particular time period with available resources.
a) maximum attainable
b) equitable
c) minimum attainable
Answer:
Option (a) is correct.
Explanation:
The production possibility frontier curve is a graphical representation of all the points or combination of two commodities that an economy can produce with the limited or available resources.
All the points on the PPF curve shows the best combination of two goods, all the points below that curve shows that resources are not fully utilized and all the points above that curve shows that allocations are not achievable.
The production possibilities frontier shows maximum attainable the combinations of two products that may be produced in a particular time period with available resources.
a) maximum attainable
The production possibilities frontier (PPF), also known as the production possibilities curve (PPC), represents the maximum attainable combinations of two products that may be produced in a particular time period with the available resources and technology. The PPF is a fundamental concept in economics used to illustrate the concept of scarcity, opportunity cost, and the trade-offs that exist when allocating resources between the production of two goods or services.
The PPF typically consists of a graph with two axes representing the production of two different goods or services. Points along the curve represent combinations of the two products that can be produced given the current resources and technology. Points inside the curve represent inefficient resource allocation, while points outside the curve are unattainable with the current resources and technology.
The shape of the PPF depends on various factors, including resource availability, technological advancement, and the efficiency of resource allocation. When resources are efficiently allocated, the PPF shows the maximum attainable combinations of the two products. Any point on the curve, or the curve itself, represents the most efficient use of resources to produce a combination of goods, given the limitations of resources and technology.
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A unit cost is computed by ________.
a. dividing variable cost by the number of units produced.
b. dividing fixed cost by the number of units produced.
c. multiplying total cost by the number of units produced.
d. dividing total cost by the number of units produced.
Answer:
D
Explanation:
A unit cost is the cost of producing one unit of goods or services. It is calculated by dividing the total cost (sum of fixed and variable cost) by the total number of units produced
A unit cost is computed by d. dividing total cost by the number of units produced.
d. dividing total cost by the number of units produced.
A unit cost, also known as the cost per unit, is calculated by dividing the total cost incurred by a business by the number of units produced. This calculation helps companies understand the cost associated with producing each unit of a product or providing each unit of a service. It is a fundamental concept in cost accounting and financial analysis.
Here's a breakdown of the options:
a. Dividing variable cost by the number of units produced: This would give you the variable cost per unit, not the total unit cost. Variable costs are costs that change in direct proportion to changes in production levels.
b. Dividing fixed cost by the number of units produced: This would give you the fixed cost per unit, not the total unit cost. Fixed costs remain constant regardless of the level of production.
c. Multiplying total cost by the number of units produced: This calculation would give you the total cost of producing the specified number of units, not the cost per unit. It does not yield the unit cost.
d. Dividing total cost by the number of units produced: This is the correct method for calculating the unit cost. It provides the cost incurred to produce each individual unit, taking into account both variable and fixed costs.
In summary, option (d) is the accurate method for computing the unit cost, which is essential for various financial and operational decisions, including pricing, budgeting, and cost control.
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Positive technological change in the production of LCD televisions caused the price of LCD televisions to fall. Holding everything else constant, how would this affect the market for Blu-ray players (a complement to LCD televisions)?
A. The demand for Blu-ray players would increase and the equilibrium price of Blu-ray players would increase.
B. The demand for Blu-ray players would increase and the equilibrium price of Blu-ray players would decrease.
C. The demand for Blu-ray players would decrease because consumers could afford to buy fewer LCD televisions and Blu-ray players.
D. The supply of Blu-ray players would increase and the equilibrium price of Blu-ray players would decrease.
Answer:
A. The demand for Blu-ray players would increase and the equilibrium price of Blu-ray players would increase.
Explanation:
Complement goods are goods that are demanded together. An increase in demand for one good would lead to an increase in demand for the other good.
If the price of LCDs falls, the quantity demanded would increase. This would lead to an increase in demand for the players too. The increase in demand for the players leads to a rise in price of the players.
I hope my answer helps you.
Disturbed, Inc., had the following operating results for the past year: sales = $22,676; depreciation = $1,440; interest expense = $1,160; costs = $16,555. The tax rate for the year was 38 percent. What was the company's operating cash flow?
A cash flow statement's initial section depicts operating cash flow, which additionally includes contributions from financing and investing activities. The Operating Cash Flow is $3623.
Given information:
Sales = $22,676
Depreciation = $1,440
Interest expense = $1,160
Costs = $16,555
Tax rate = 38%
The computation of Operating Cash Flow is as follows:
First, calculate the net income:
[tex]Net \ Income = (Sales-Costs- Depreciation- Interest \ Expense)\times(1-tax \ Rate)\\\\\rm Net \ Income = \$ (22676 -16555-1440-1160)\times(1-0.38)\\\\\rm Net \ Income = \$ 2,183.02[/tex]
Then the Operating Cash Flow is:
[tex]\\\rmOperating \ Cash\ Flow = Net \ Income + Depreciation\\\\\rmOperating \ Cash\ Flow = \$ 2,183.02+1,440\\\\\rmOperating \ Cash\ Flow =\$ 3623.02[/tex]
Hence, the Operating Cash Flow is $3623.
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The company's operating cash flow is calculated by subtracting costs from sales to get EBIT. Then add the depreciation expense to EBIT. Hence, the operating cash flow of Disturbed, Inc. is $7,561.
Explanation:The company's operating cash flow can be computed by subtracting non-cash expenses (like depreciation) from Earnings Before Interest and Taxes (EBIT). In this case, we need to compute EBIT first which can be calculated as total sales minus costs. So, EBIT = sales - costs = $22,676 - $16,555 = $6,121. Then we add back the non-cash depreciation expense to the EBIT, therefore Operating Cash Flow = EBIT + Depreciation = $6,121 + $1,440 = $7,561.
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Direct costs typically include the cost of direct labor as well as other direct costs for items such as material, travel, subcontracts and computer time.?
Answer:
True
Explanation:
The direct cost is that cost which is directly related to the manufacturing process of the product or the production process of the product
The example of the direct cost involves direct material cost, direct labor cost, supplies cost of manufacturing, travel, subcontracts, computer time, etc
Hence, the given statement is true.
To avoid potential errors and fraud, well-designed internal control in the accounts payable area should include a segregation of which of the following functions?
Answer: Invoice verification and merchandise ordering.
Both processes helps to detect potential error in an order before it is granted.
Explanation:
Invoice verification involves confirming that an invoice has gotten to the department for scanning, processing, such invoice is verified before advance is given. The purpose of verifying an invoice is to be sure that it is accurate and there is no problem or dispute with the invoice.
merchandise ordering: is also known as merchandise buyers, it is the purchase for product or goods made for the purpose of wholesales or retails by a merchandise, such order shows item identification, delivery dates, quantities, specified payment terms, and other conditions which shows the authenticity of the order.
Internal control in an accounts payable area should segregate the authorization of transactions, recording of transactions, and custody of assets. Segregation ensures that no single individual can wholly control all parts of a transaction, thereby minimizing potential errors and fraud.
Explanation:Well-designed internal control in the accounts payable area generally should segregate the following functions to avoid errors and fraud :
Authorization of transactions: the approval process for the payment to ensure the expense is valid and necessary.Recording of transactions: the actual entering of data into the accounts payable system.Custody of assets: the physical or virtual possession of the company funds or checks used to pay vendors.Segregating these functions ensures that no single individual has control over all parts of a transaction. This can prevent fraudulent activities and minimize mistakes.
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Page 378 10.2. What efforts were made in this period to strengthen the economic integration of the nation, and what major crises hindered these efforts? Identify the contributions or opinions of the following individuals in the 1820s?
Answer:
Governmental developments such as the United States Bank, which acted as the "main financial agent of the country", and innovations that helped to develop the economy (railways, canals, bridges, etc.) improved the nation's economic integration together.
Though those advances improved, they often came with negative effects. Many resented the 2nd National Bank (since they "always deposited much more cash in their safes than the space", which caused the value of paper money to remain inconsistent), the 1819 Crisis (where many reported depression and the unemployment) occurred, and issues such as the Missouri Controversy all hampered the actions.
Final answer:
During the Era of Good Feelings, U.S. leaders like Calhoun, Clay, and Webster aimed to strengthen the nation's economic integration through initiatives that enhanced agriculture, commerce, and manufacturing, while fostering a bigger federal role in economy. However, debates over financial policies and sectional tensions, particularly regarding slavery, challenged these efforts. Alexander Hamilton's vision featured prominently in these economic strategies, but the unresolved divisions would later precipitate the Civil War.
Explanation:
During the Era of Good Feelings, which marked James Monroe's presidency, efforts to strengthen the economic integration of the United States were significant. National-minded leaders like John C. Calhoun, Henry Clay, and Daniel Webster focused on improving facets of America's economy—agriculture, commerce, and manufacturing. The War of 1812 highlighted deficiencies in financial systems and transport, prompting moves towards a stronger federal government role in the economy as evidenced by the establishment of a national bank, and plans for internal improvements to aid in transportation. However, these efforts faced major obstacles including debates over tariffs, banking, internal improvements, extension of slavery, and Indian removal. Specific crises, such as the economic downturn around 1820 and the contentious issue of slavery, exacerbated sectional tensions, eroding the period's initial unity.
Alexander Hamilton's earlier contributions laid out in reports advocated for managing public credit, establishing a national bank, and supporting manufacturing, which became blueprints for the nation's future economic growth, emphasizing a strong central government. Yet, these visions were met with resistance from those favoring state's rights over centralized power. Despite these conflicts, much of this period involved trying to balance different regional interests to avoid national disunion.
Ultimately, although divisions over financial policies, infrastructure development, and territorial expansion were at times contained, they were precursors to the more profound divisions that resulted in the Civil War in the 1860s.
Countrywide Financial enabled Bank of America to extend its mortgage lending business and to tap into a large pool of new customers who might be interested in its credit card, consumer banking, and other financial products.
This scenario is an example of __________.
Countrywide Financial enabled Bank of America to extend its mortgage lending business and to tap into a large pool of new customers who might be interested in its credit card, consumer banking, and other financial products. This scenario is an example of how information systems help businesses use synergies to achieve competitive advantage.
Explanation:
Any business in the current business environment is affected drastically by the information systems. The awareness about the information systems helps an entrepreneur to get top know about the new technologies and the operation of their competitors in such environment. Information technologies plays many different roles in business environment.
The structure of any industry can be changed and new rules can be implemented based on the competition. The information system can make any companies to create or achieve competitive advantage and perform their functions. It can also helps in changing the technology that is being practiced in a business for a long term.
Consider the following statement: "In general, profit opportunities are rare. At any time, many people are searching for them, and as a consequence, few exist." Which type of market does this statement best describe?
A. efficient market
B. international market
C. closed market
D. open market
Answer:
A. efficient market
Explanation:
An efficient market is a market where all information related to the price available to everyone and price changes quickly according to the available information. for example the Stock exchange market, where everyone knows about the share price of listed companies and because of this same available information to everyone there is more fluctuations in price and quantity of products and leads to limited profit opportunities.
Your company decides to use internal sources for developing new product ideas. Which of the following would not be a common internal source?
a. executives and professionals
b. company records and data
c. intrapreneurial programs
d. suppliers
e. salespeople
Answer: (D) Suppliers
Explanation:
According to the given question, the organization using the various types of internal sources as it helps in developing the various types of new products ideas in the market.
The supplier is one of the common internal source in an organization as it helps the employees for encourage them for developing various types of new ideas and concepts.
The organization basically developing various types of new ideas by the formal research process and also through the development. Therefore, Option (D) is correct answer.
d. Suppliers are not a common internal source for developing new product ideas because they are external partners. Common internal sources include executives, company records, intrapreneurial programs, and salespeople. Internal feedback is usually prioritized over professional reviews.
When a company decides to develop new product ideas using internal sources, its own resources and capabilities. Common internal sources include:
executives and professionalscompany records and dataintrapreneurial programssalespeopleAmong the options given, suppliers would not be considered an internal source because suppliers are external partners that provide goods or services to the company.
Note that while professional intermediaries and advisory groups can offer important insights, internal audiences' responses are often prioritized, as they are more intimately familiar with the company's needs and capabilities.
If the distribution of income, the net income is less than the salary and interest allowances granted, the remaining balance will be a negative amount that must be divided among the partners as though it were a loss.True/false
Answer:
True
Explanation:
Any loss or profit of the business is distributed equally among the partners in the ratio of their investments.
Any profit is shared equally among the partners in the profit sharing ratio. Similarly any loss is shared equally in the profit sharing ratio.
The salary is debited to the Partner's capital account and loss is credited from Partners Capital account. the adjusting entry would be
Salary Dr
Partners Capital Account Cr
For loss
Partner's Capital Account Dr
Profit and Loss Cr
Compared to outsourcing, nearshoring offers certain advantages such as similar time zones, cultural and linguistic affinity, geographical proximity, as well as economic, political, or historical linkages.
1. True2. False
Answer:
Compared to outsourcing, nearshoring offers certain advantages such as similar time zones, cultural and linguistic affinity, geographical proximity, as well as economic, political, or historical linkages is a TRUE statement.
Explanation:
It is evident from the successes of businesses that prefer nearshoring over outsourcing that nearshoring bears certain advantages that outsourcing does not. The action of outsourcing is preferred because the operations associated with business then become cheaper. But by choosing to outsource the operations, businesses ignore the advantages of nearshoring.The statement is true as nearshoring provides advantages like similar time zones and cultural similarity, offering benefits over traditional outsourcing.
Explanation:The statement that compared to outsourcing, nearshoring offers certain advantages such as similar time zones, cultural and linguistic affinity, geographical proximity, as well as economic, political, or historical linkages is true. Nearshoring is particularly beneficial for companies looking for closer collaboration with teams in similar time zones, which facilitates better communication and coordination. Additionally, nearshoring to countries with similar cultural and linguistic backgrounds can lead to fewer misunderstandings and a smoother integration of services.
Outsourcing can refer to contracting services to any outside firm, which may be located in another country. This process often seeks cost reductions by utilizing lower labor costs in other regions. However, nearshoring is a subset of outsourcing focusing on transferring jobs to nearby countries, typically sharing a border or being within the same region, which provides the aforementioned advantages.
Which new trend resulted from the increase in availability of exotic foods on a global scale?
Increased availability of exotic foods has led to food globalization, a trend characterized by a uniform food culture with mass-produced items, health concerns over additives, and renewed interest in Indigenous culinary heritage. In opposition, local food movements and the locavore concept promote locally sourced foods.
One new trend that has emerged from the increased availability of exotic foods on a global scale is the concept of food globalization. Due to the extended reach of transnational corporations, there has been a shift towards a more uniform food culture, often revolving around a small variety of mass-produced items. As food is transported across long distances, the reliance on preservatives, additives, and the need for foods to be harvested unripe has grown. This has led to a reduced diversity in our diets and potential health risks due to the additives and substances like antibiotics found in meats.
At the same time, globalization has increased interest in rediscovering foods originating from Indigenous cultures, which involves historical, oral, and genetic approaches to revive culinary heritage. Additionally, the increased availability of global food commodities has also spurred the locavore movement, advocating for locally sourced and organically produced food as a response to the downsides of food globalization. The concept of eating locally sourced products has gained popularity as a way to ensure food safety, nutritional value, and support local economies.
Globalized foods and local food movements reflect two contrasting trends resulting from the same phenomenon, illustrating the complex nature of our modern food supply chains and the various ways communities respond to it.
If a chain of florist shops opened a plant nursery to provide gift plants and cut flowers to all of itsstores within a 300-mile radius, the chain would be practicing
A. vertical integration.B. channel expansion.C. horizontal expansion.D. opportunity incrementing. E. service marketing.
Answer:
A. Vertical Integration
Explanation:
Vertical integration is a supply chain strategy in business. In this type of integration, a single organisation or company controls or owns and uses the retail, distribution and supply locations of its product within a particular geographical area. This is done to have a firm control on the supply chain for the product as well as the value of the product.
Some of the advantages of the vertical integration strategy is that it helps such organisations to improve their efficiencies in supply and deliver, it allows for cost reduction and also ensure that the process of supply and distribution is controlled.
However, an important disadvantage is that it requires a huge amount of capital to execute.
Since the chain of florist shops decided to make flowers available to all its stores within the 300 mile radius, it is controlling its supply and distribution chains.
Answer:
Vertical Integration
Explanation:
Vertical integration is when a company has taken control of more than one stage of the supply chain. The phases of a supply chain comprises of commodities, manufacturing, distribution, and retail. A company can be said to be vertically integrated when it can controlstwo or more of these stages..
This chain of florist shops has the commodity, manufactures distributes and equally retails
Betsy, a recent retiree, requires $5 comma 000 per year in extra income. She has $60 comma 000 to invest and can invest in B-rated bonds paying 17% per year or in a certificate of deposit (CD) paying 7% per year. How much money should be invested in each to realize exactly $5 comma 000 in interest per year?
Answer:
Betsy needs to invest $8,000 in bonds and $52,000 in a CD
Explanation:
B = amount invested in bonds
C = amount invested in a CD
step 1:
B + C = 60,000
0.17B + 0.07C = 5,000
step 2:
C = 60,000 - B
step 3:
0.17B + 0.07(60,000 - B) = 5,000
step 4:
0.17B + 4,200 - 0.07B = 5,000
step 5:
0.1B = 800
step 6:
B = 800 / 0.1 = 8,000
C = 60,000 - B = 60,000 - 8,000 = 52,000
Countrywide Financial enabled Bank of America to extend its mortgage lending business and to tap into a large pool of new customers who might be interested in its credit card, consumer banking, and other financial products.
Answer:
Importance of information
Explanation:
Information sharing is an important aspect of any information and excessive information can lead to misconduct in some areas. Furthermore, it is understandable that information leads to more market awareness and synergies between different aspects of a business. Bank mortgages are an important source of funding for American banks and information sharing has led banks to attract more customers who might be interested in credit card etc.
The acquisition of Countrywide Financial by Bank of America allowed the latter to expand its mortgage lending business. However, securitization of mortgage loans and economic changes led to the financial crisis in 2007, affecting many banks including Bank of America.
Explanation:The Countrywide Financial acquisition enabled Bank of America to expand its mortgage lending business, potentially reaching a larger customer base for its other financial services. Throughout the late 1990s and early 2000s, changes in banking laws allowed for the securitization of mortgage loans, turning them into bonds sold to investors. These changes effectively separated the lender's financial interests from the borrower's ability to repay, thus making riskier loans more attractive to institutions. Despite the attractive nature of these investments initially, many of these subprime loans eventually had a devastating effect on the larger economy especially during the peak of the housing market in 2007.
When the borrowers started to default on their loans, major financial institutions, including Countrywide Financial and Bank of America, found themselves in financial trouble. This prompted the federal government to step in. Apart from the negative effects on large institutions, small banks also felt the impact, with many facing closure. Bank of America was involved in this economic turmoil due to its decision to heavily invest in these mortgage loans via Countrywide Financial.
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Emergency managers create and sustain broad and sincere relationships among individuals and organizations to encourage trust, advocate a team atmosphere, build consensus, and facilitate communication. This statement describes which emergency management principle?
A. Integrated
B. Collaborative
C. Coordinated
D. Flexible
Answer:
The given statement describes the collaborative emergency management principle.
Explanation:
Being able to manage the elements within and outside the organization requires the manager to possess a set of skills that allows him to successfully form collaborations with and among the elements of the business. Emergency management is subject to fewer complications when easy collaborations are possible among the players associated with the business. This helps to withstand the emergency until it passes.Justin bikes to work each morning and takes a time saving short cut using a path at the back edge of the parking lot of Manny's Landscaping. Manny's sues Justin for trespass to property and recovers $250 in damages. After the lawsuit, Justin continues to use the path that he has created on Manny's property. To prevent Justin from further trespass, Manny's should:____________a) install a high voltage electric fence.b) pursue an equitable remedy.c) sue for more money, which is Manny's only option.d) install surveillance cameras to monitor the premises at all times.
Answer:
b) pursue an equitable remedy
Explanation:
Note that Manny initially recovers $250 in damages only, while Justin continues to use the path that he created on Manny's property.
In the court of law an equitable remedy would prevent Justin from further trespass. This Equitable relief would require Justin to refrain from performing his action such as riding his bike on Manny's property.
A worldwide terrorist organization collectively known as ""Hackers Worldwide"" focuses on large breaches of retail stores to steal millions of credit card accounts. Which of the following threat actors fits this description?
Answer:
Organized crime
Explanation:
Organized crime is an international, national or local grouping used for highly placed enterprises run by criminals to perpetrate illegal activities for profit.
This crime enterprises could be motivated by a lot of things, one of which is political(for organizations like terrorist organizations).
Cheers.
The project manager is supposed to facilitate the work of the project team and must, therefore, stay aloof from the conflicts arising among project team members.
True / False.
Answer:
FALSE
Explanation:
The project manager is supposed to facilitate the work of the project team and must, therefore, resolve the conflicts arising among project team members.
Conflict resolution is a key responsibility of project managers and according to the Project Management Body of Knowledge suggests five techniques for conflict resolution in project management namely:
1. Withdraw/Avoid: When there is likely to be outburst of temper
2. Smooth/Accommodate: Emphasize your similarities NOT differences
3. Compromise/Reconcile: Asking one party to step down for another
4. Force/Direct: Use of authority to over rule in the situation
5. Collaborate/Problem Solve: Adopt a unified or win-win position.
It is clear from the 5 methods that only in one case should a project manager withdraw but generally it is the project manager's responsibility to handle conflict resolution.
The project objective is the tangible end-product that the must produce and deliver for the to achieve expected benefits from the implementing the project.A) True B) False
Answer:
True
Explanation:
It is true that the project objective is the tangible end-product that the project must produce and deliver for the stakeholders to achieve expected benefits from the implementing the project.
Every project has a scope of objectives that it must achieve within a set time (project schedule) and agreed cost (project budget)
At the end of the execution of any project, for the project to be judged as successfully completed, it must have delivered the benefits that were outlined before the execution of the project, and it must have done so without overspending on cost or extending on time.
: Maci is preparing the income statement for her company. Jon is preparing a report that needs to be filed with one of the government agencies the company reports to. What is implied here?
A : Both Maci and Jon are engaged in financial reporting.
B : Maci is preparing a formal financial statement, while Jon is engaged in financial reporting.
C : Jon is preparing a formal financial statement, while Maci is engaged in financial reporting.
D : Both Jon and Maci are preparing formal financial statements.
Maci is preparing a formal financial statement, while Jon is engaged in financial reporting.
Explanation:
Financial statements are detailed financial information of the company, individual or any other entity's financial condition and activities. Appropriate financial data is presented in an organized and easily understandable manner.
Usually, they contain four key financial statements, together with an overview and management discussion:
1. A financial report or balance sheet, reflects at a particular point on the finances, commitments and equities of a corporation.
2. Statements of company earnings, costs and losses over a specified time period include a profit and loss account (P&L report) or a disclosure of full income or statement of sales and expenditure. The report on the performance of the company is given on the profits and losses statement. These include sales and other expenses during the specified period.
3. A declaration of changes in stock, equity, or surplus profits, shows adjustments in the company's share capital within a specified period.
4. A cash flow statement describes the operation, spending and funding of a business in general during a specified period.
Maci is preparing a formal financial statement (income statement), while Jon is preparing a government report, but both are engaged in financial reporting. Thus, option B is the correct answer.
Explanation:The scenario presents Maci and Jon who are both involved in activities related to the company's financial tasks. The correct implication is that Maci is preparing a formal financial statement, known as the income statement, for her company - this is a key component of financial reporting. Jon, on the other hand, is preparing a report that needs to be filed with a government agency, which also falls under the ambit of financial reporting. The report could be of various types including regulatory filings, compliance documents, or other informational reports required by government entities. Therefore, option B is the most accurate: Maci is preparing a formal financial statement, while Jon is engaged in financial reporting.