Answer:
Decreased
Explanation:
Liquidity or current ratio = Current Assets / Current liabilities
If the current asset has been decreased and the current liabilities has been increased then the answer would be higher than before.
The current ratio tells the same and the only difference written above and in current ratio is that the above mentioned Answer is conceptual based whereas current ratio uses numerical values of current assets and current liabilities written in the balance sheet.
Current ratio tells us that whether or not the company is able to meet its short term liabilities (Current Liabilities) using its short term asset (Current Assets).
Remember that the current assets are the assets that are convertible to cash within next 12 months. Whereas current liabilities are the liabilities which we have to pay in cash within the next 12 months.
A man-made system consisting of people, equipment, organization, policies and procedures with the objective of accomplishing the work of the organization.
A.operations process
B. management process
C. information process
D. planning process
Answer:
A.operations process
Explanation:
Operations process is a production process of an organization where input are transform to output.
its a man-made system where the production teams follows some sets procedures and guidelines, with the use of certain machinery to achieve the desire company products.
this process is being control by a operation manager of the organization.
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.
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
By building employees’ commitment to the organization, providing intrinsic as well as extrinsic rewards, and allowing all employees to monitor product quality, managers are using:
Answer:
Decentralized Control
Explanation:
When the manager allows all employees to monitor product quality, it is because he is giving every employee a bit of control over the production process. This is the definition of decentralized control: instead of having top management oversee all aspects of the company, middle, lower management, and even operating workers are deemed capable enough to excercise control in specific aspects of the company.
Intrinsic and extrinsic rewards also are related to decentralized control because these rewards act as incentives for the employees to take on more responsability, and as the question correctly point out, they also help build commitment to the organization.
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.
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.
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.
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.
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.
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.
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
During a concealment investigation, an investigator fails to recognize that an invoice had been forged. This represents a:
1. sampling risk.
2. non-sampling risk.
3. systematic risk.
4.systemic risk.
Answer:
Non-sampling risk
Explanation:
Non-sampling risk happens from an incomplete examination of the available data.
Here investigator fails to recognize that an invoice had been forged. Thus, the data was examined in an incomplete way.
Answer:
B
Explanation:
Non sampling risk
A non sampling risk is a part of audit risk that outcome stems from an incomplete examination of the available data. This results from the failure of an auditor to catch a mistake or a misstatement. This can happen because an evidence was either misinterpreted or procedures were misapplied that were inappropriate.
Factors leading to Non samplimg risk are:
Failure to recognize or discover a material misstatement
Applying inappropriate audit procedures
Misinterpretting of audit test results
Daniel, a cabinet-maker, contracts to make a china cabinet to Lora’s satisfaction and Lora promises to pay Daniel $2,800 for the cabinet if she is satisfied with it when completed. Daniel completes the cabinet in a work manlike manner using the wood Lora has chosen. If Lora tells Daniel that she is not satisfied with the cabinet and refuses to accept or pay for it, Daniel is entitled to recover from Lora the reasonable value of the cabinet if her dis-satisfaction is un-reasonable.
A) True
B) False
Answer:
False
Explanation:
Daniel, the cabinet maker is in no signed agreement with Lora to accept any payment for the cabinet if she is not satisfied with it. Daniel can always sell this same cabinet to another consumer at a better price or worst case scenario, for the cost price.
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 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.
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
According to the FASB conceptual framework, the rele-vance of providing information in financial statements is subject to the constraint of:
a. Comparability.
b. Cost-benefit.
c. Reliability.
d. Faithful representation.
Answer:
B. Cost-Benefit
Explanation:
According to the Financial Accounting Standard Board (FASB) framework, it is important to estimate the cost and benefit of information before deciding the relevance of the information. It decides when to disclose and whether to disclose the information
Once, the cost of such information outweighs the benefits of its disclosure then FASB framework terms it as not relevant.
Cost of Information
Financial reporting through the preparation of financial statements has a cost, these costs include provision, preparation as well as the audit of the information provided. The cost-benefit constraint basically intends to ensure that financial statements are most-effectively and most-efficiently prepared.
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
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:
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:
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
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.
Which of these 2020 Kicks features uses a beeping sound to alert the driver to a stationary object directly behind the vehicle?
Answer:
correct answer is Rear Sonar System
Explanation:
the correct answer is a rear sonar system
because it is parking aide that sound of tone and it help to driver for the detect object within approx. some distance in feet of rear bumper
and here beep will get faster sound when driver get more closer to the object and sound will continuous tone when it will be less than a foot away distance from the bumper
so here that correct answer is a rear sonar system
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.
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.
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
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.
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 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
A group of shoe manufacturing firms purchases raw materials collectively from a single supplier to obtain better deals. this is an example of obtaining competitive advantage by ______________. a. establishing alliances b. creating a new service c. locking in customers d. differentiating the industry e. enhancing the products
Answer: (A) Establishing alliances
Explanation:
Alliances is one of the type of business strategy which is used in for maintaining the relationship between the people, states and the group.
The main purpose of alliances is that it helps in balancing the power and also creating the separate business entity in an organization. It is also known as the type of agreement between the people that helps in binding all the joint venture in business.
According to the given question, the above given situation is an example of obtain the competitive advantage by establishing the alliances.
Therefore, Option (A) is correct answer.
The shoe manufacturing firms are obtaining a competitive advantage by establishing alliances. This collaboration between different companies helps them to negotiate better deals with suppliers, leading to a competitive advantage in the industry.
The group of shoe manufacturing firms in your example is obtaining a competitive advantage by establishing alliances. This strategy is a business tactic involving collaboration between different companies with mutual goals to gain more favorable outcomes such as getting better deals on raw materials purchases. This co-operation can provide an upper hand in negotiations with suppliers, which can further lead to cost-efficiency, and thus, a competitive edge in the market.
Typically, the other options like increasing a new service, locking in customers, differentiating the industry, or enhancing the products are also potential strategies for gaining competitive advantage, but they do not apply to this given context wherein the companies are merely combining their purchasing power to get better deals from their supplier.
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