Answer:
A. True
Explanation:
At the time of publishing the financial statements of the public companies under the jurisdiction of the Securities and Exchange Commission (SEC) is compulsory to hire the independent auditor or we can say Chartered Accountant (CA) so that he or she can assess the financial statement prepared by the public company whether it follows the Generally Accepted Accounting Principles (GAAP) or not.
And, according to that the independent auditor given his or her qualified or unqualified opinion
A title clause in a contract provides exactly what type of title the buyer is expecting to receive from the seller: Group of answer choices True False
Answer:
True
Explanation:
A retention of title clause within a contract of sale essentially means that ownership remains with the supplier, until full payment for the goods has been received. That is the seller of a particular product still holds full custody of his goods until the buyer fully pays for the goods.
A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of: Conflict of interest. Moral development. Ethical relativism. Egotism.
Answer:
Conflict of Interest
Explanation:
The reason is that if the person starts valuing its personal interests more than the company's interest then the person is acting in his personal interest and this is not a professional behavior. A professional person always eliminates his personal interest and always act in the best interest of the professional. So here, purchasing agent is acting in her own personal interest and this is because of the conflict of interest with the company's values and interest.
Final answer:
A purchasing agent accepting a gift and directing company orders to that source is an example of a conflict of interest, which undermines the impartiality needed to fulfill her fiduciary duties toward her employer.
Explanation:
A purchasing agent directing her company's orders to a firm from which she received a valuable gift is an example of a conflict of interest. This situation represents a principal-agent problem where the agent (the purchasing agent) should act in the best interests of the principal (her employer) but is influenced by personal gain. Unlike ethical egoism, which promotes individual interest potentially at the expense of others, a conflict of interest compromises the impartiality required to act in the principal's benefit. The core issue is the agent's duty to be a fiduciary to her principal, which means she is legally and ethically required to act in the principal's best interest and not let personal interests interfere with this duty.
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as:____________.
a. an indicator of the variety.
b. an indicator of quality.
c. a measure of scarcity.
d. a reflection of status quo pricing. e. a measure of the income effect.
Answer:
b. an indicator of quality.
Explanation:
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as an indicator of quality.
Value-based pricing is a strategy of setting prices primarily based on a consumer's perceived value of a product or service.
Price is an Indicator of Value From a consumer's standpoint because it is often used to indicate value when it is compared with perceived benefits such as the quality .
Q 1.25: If total liabilities increased by $95,000 and stockholders' equity increased by $45,000 during a period of time, then total assets must change by what amount and direction during that same period?
Answer:
The total asset are increased by $140,000
Explanation:
As we know that:
Assets = Equity + Liabilities
So if Equity is increased by $45,000 and liabilities are increase by $95,000, then by putting the values in the above equation we have:
Assets = $45,000 + $95,000 = $140,000
The total assets are increased by $140,000 due to the changes in the liabilities and equity changes.
Which of the following should be subtracted from net income in calculating net cash flow from operating activities using the indirect method? a.A decrease in inventory b.A decrease in prepaid expenses c.An increase in accrued expenses d.An increase in inventory
Answer: increase in inventory
Explanation:
increase in inventory : An increase in a company's inventory shows that the company bought more goods than it has sold. And the buying of additional inventory requires the use of cash, it means there was an additional outflow of cash. An outflow of cash has a negative effect on the company's cash balance.
A car rental agency rents 200 cars per day at a rate of 29 dollars per day. For each 1 dollar increase in the daily rate, 5 fewer cars are rented. At what rate should the cars be rented to produce the maximum income, and what is the maximum income? R
Answer and Explanation:
Given:
Total car = 200
Rate = $29
Computation:
Total increase in rate = a
So , Total decrees in car = 5a
Total income (y) = [200-5a][29+a]
y = 5,800 + 200a - 145a - 5a²
y = 5,800 + 55a - 5a²
y' = dy / da [5,800 + 55a - 5a²]
y' = -10a + 55
in which , y' = 0
0 = -10a + 55
a = 5.5
So , Maximum rate = $ [29+5.5]
Maximum rate = $34.5
maximum income = 5,800 + 55(5.5)- 5(5.5)²
maximum income = 5,800 + 302.5 - 151.25
maximum income = $5951.25
Employees arrive at a cafeteria according to a poisson process at an average rate of 30 employees per hour. the probability that, after one employee arrives, the next one will arrive at least three minutes later is _________.
Answer:
0.223
Explanation:
This means no shows up in 3mins=3/60=1/20hour.
Therefore the probability is
e^-λt = e^-30/20 = 0.223
There is a 0.223 percent chance that the next employee will show up at least three minutes after the first.
What is probability?Probability is a branch of mathematics that deals with numerical representations of the likelihood that an event will occur or that a statement is true.
The probability of an event is a number between 0 and 1, where, generally speaking, 0 indicates the event's impossibility and 1 indicates its certainty. The more likely an event is to happen, the more likely it is to happen.
A simple demonstration is tossing a fair (unbiased) coin. The coin is fair, hence the outcomes "heads" and "tails" are equally likely; as a result, the probability of "heads" is equal to the probability of "tails." Additionally, as no other possible outcomes are conceivable, the probability of either event is 1/2 (also written as 0.5 or 50%).
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Virgo Inc.earns less than 70 percent of its revenue from manufacturing computers.It recently started manufacturing tablets.The company made use of existing technology and materials and decided to distribute the tablets through the same distributors used for its computers.In this scenario, Virgo Inc.chose:____________.. A) related-constrained diversification B) related-linked diversification C) unrelated-constrained diversification D) unrelated-linked diversification
Answer:
A) related-constrained diversification
Explanation:
Based on the scenario being described within the question it can be said that Virgo Inc.chose related-constrained diversification. This term refers to when a company has various sub-business's that are related or connected and in which the dominant business, which in this scenario is the computer manufacturing business, is earning less than 70% percent of the overall company's revenue.
In the business world, you must be able to create effective messages. Using a writing process will help you to develop the necessary skills and to write more confidently. To begin, you must determine the purpose of your message.
Read the message, and then complete the following sentences.
Akihabara Imports offers the widest selection of Japanese animation products available on the Internet. All products are shipped with certificates of authenticity. Some supplies are limited, so act now! Use our secure online form for immediate purchase, or call our operators at 555.555.5555, 24 hours a day, 7 days a week. This message is designed to______. Specifically, the primary purpose of this message is to______. The secondary purpose of this message is to______. Once you have identified the purpose of your message, the next step is to anticipate and profile your audience. Which are appropriate questions to ask when profiling your audience?A. How will the audience react to my message?B. What format should I use?C. How much does the audience know about my topic?D. What do I know about the audience’s education, beliefs, culture, and attitudes?E. Do I care about my audience’s weekend plans?
The message aims to persuade potential customers to buy products by emphasizing selection, authenticity, and purchase urgency, and also provides different purchase options. Profiling the audience with specific questions ensures the communication is effectively tailored.
Explanation:The message from Akihabara Imports is designed to persuade potential customers to purchase its Japanese animation products. Specifically, the primary purpose of this message is to encourage immediate purchase by highlighting the selection and authenticity of the products and the urgency due to limited supplies. The secondary purpose is to provide multiple purchasing options (online or via phone) to accommodate different customer preferences.
When profiling your audience, appropriate questions to ask include:
How will the audience react to my message?What format should I use?How much does the audience know about my topic?What do I know about the audience’s education, beliefs, culture, and attitudes?Questions such as these help tailor the communication effectively, considering the audience's perspective, including social, cultural, or linguistic factors that could affect your message.
Which of the following statements is not a difference between business markets and consumer​ markets?A. Buyers face more complex buying decisions.B. The buying decision involves more professionals.C. Business demand is a derived demand.D. The buying process is more formalized.E. The market is very small and limited.
Answer:
E : the market is very small and limited
Explanation:
The statement that the market is very small and limited is not a difference between business markets and consumer markets as the real difference is :
Business market larger in size :
If we talk from a Marketing Perspective point of view it Innovates through technological push and fanatics-breakthroughs which result in a rapid increase in the number of customers in the market and as the size of the market becomes larger.
The statement that is not a difference between business markets and consumer markets is E. The market is very small and limited.
Explanation:The statement that is not a difference between business markets and consumer markets is E. The market is very small and limited.
Business markets and consumer markets differ in several ways:
Buyers face more complex buying decisions: Business buyers typically need to consider multiple factors such as price, quality, reliability, and customer service when making purchasing decisions. Consumer buying decisions are often simpler and less complex.The buying decision involves more professionals: Business purchases often involve multiple individuals from different departments who are responsible for evaluating, approving, and making purchasing decisions. Consumer purchases are typically made by individuals or households.Business demand is a derived demand: Business demand is influenced by the demand for the final product or service that the business produces. Consumer demand is driven by individual needs and preferences.The buying process is more formalized: Business purchases often involve formal procurement processes, including requesting proposals, negotiating contracts, and conducting vendor evaluations. Consumer purchases are typically more informal and spontaneous.After receiving the seller’s transfer disclosure statement, buyer clark rivers is not satisfied that all has been revealed. he’s heard rumors that a previous tenant died of aids inside the very home he would like to buy. clark demands to know if this is true, since it was not mentioned on the disclosure statement. which of the following is the appropriate legal response the broker must give to clark’s query?a. yes, this is true. a previous tenant, who lived and died here two years ago, did have aids.b. i’m sorry, but the transfer disclosure statement covers all material facts that must be disclosed, and a person having aids is not a material fact, whether or not it would be applicable in this situation.c. i’m sorry, but i am not permitted to answer this question, as it could be a potential civil rights violation, under the federal and state fair housing laws.d. both b and c.
Answer:
Both b. and c.
That is
b. i’m sorry, but the transfer disclosure statement covers all material facts that must be disclosed, and a person having aids is not a material fact, whether or not it would be applicable in this situation.
c. i’m sorry, but i am not permitted to answer this question, as it could be a potential civil rights violation, under the federal and state fair housing laws.
Explanation:
In the given instance the buyer if the property is asking if the previous tenant had AIDS and wants to use this information in the purchasing process. This is illegal and could result in legal action due to civil rights violation. Discrimination is not allowed in deciding to do business with another party, and the buyer is trying to discriminate on the grounds that the previous owner had AIDS.
Also in disclosing relevant information, wether the previous owner had AIDS is irrelevant to the sale of the house as it does not affect the quality of the house.
Jason's Outdoors manufactures two products: snow skis and water skis. Jason's managerial accountant suspects that product cost distortion through factory overhead allocation is occurring where snow skis are underpriced and water skis are overpriced. As a result, all of the following statements are true except
a.Jason's accountant should consider a single plantwide rate to correct the problem.
b.Snow skis likely consumed a larger proportion of factory overhead than was allocated.
c.Jason may incorrectly decide to expand production of snow skis.
d.Jason will likely lose sales of water skis.
Answer:
Jason's accountant should consider a single plantwide rate to correct the problem.
Explanation:
In this scenario where there are two products being produced, they will consume different amounts of resources during production. Allocation of resources uniformly by using single plantwide rate will cause cost distortion when allocating factory overhead, so this is the incorrect option.
Jason's accountant should rather allocate overhead cost to the products on the basis of how much resources were used for their production this will reduce cost distortion.
Information Systems Guidelines are a set of statements specifying how the firm should use its technical and organizational IS resources to achieve the IS vision. What is (are) the purposes(s) of these guidelines?
Answer:
The purpose of these guidelines is to develop and implement information and communication systems to achieve information system vision.
Explanation:
Every fast food hamburger restaurant chain wants you to believe their product is the best because it is stored or prepared uniquely. Each of these is pursuing a ________.
Answer: differentiation strategy
Explanation: Differentiation strategy is an approach that a business takes to develop a product or service that customers will find unique and better than other distinctive products or services offered by competitors. Differentiation strategy simply means a unique way for a business to distinct itself from the competition.
Every fast food hamburger restaurant chain wants the customers to believe their product is the best because it is stored or prepared uniquely.
True or False
1. There is no overlap between financial and managerial accounting.
2. Managerial accounting sometimes relies on past information.
3. Managerial accounting does not need to conform to GAAP
4. Financial accounting must conform to GAAP.
Answer:
1. False
2. True
3. True
4. True
Explanation:
1. There is an overlap between financial and managerial accounting. For example, inventory method and expenses. Again, financial groups and management groups are working together to create information in aligning the necessary planning, controlling, and decision making. Therefore, it is a false statement.
2. While planning, controlling and making a decision, managerial accountants have to rely on past performance. It is a true statement.
3. Managerial accounting does not need to conform to GAAP or even IFRS. It is a true sentence.
4. Financial statements indeed have to conform to GAAP (Generally accepted accounting principles). It is a true statement too.)
The marketing managers of Rudolf Ltd., strive so hard to agree on an important decision to launch a product that they ignore information that a similar product already exists in the market and that the barriers to entry into the market are high. This refers to which of the following decision-making processes?
A. Dialectical inquiry
B. Devil's advocacy
C. Groupthink
D. Intuition
E. Representative bias
Answer:C. Groupthink
Explanation:Groupthink is a phenomenon that occurs when the desire for group consensus overrides people's common sense desire to present alternatives, critique a position, or express an unpopular opinion. Here, the desire for group cohesion effectively drives out good decision-making and problem solving.
Groupthink is the name given to a theory or model that was extensively developed by Irving Janis (1972) to describe faulty decision making .
Answer:
Group think ( C )
Explanation:
Group think decision-making strategy is a type of decision making strategy whereby the desire to have a uniform decision by a group of people over an important action to be taken overrides the sense of considering the limiting factors that such action might face in the short and long runs.
The marketing managers of Rudolf Ltd striving hard to agree on the decision to launch a product that has a direct competition in the market already, without first conducting proper market analysis on how the new product will succeed in the market against other similar products already existing in the market is termed GROUP THINK
The tiny South Pacific island country of Maroji produces a lot of milk and milk-based products. To protect this industry, Maroji mandates that only designated trading companies can import cheese, each of which is allocated the right to import a maximum number of pounds of cheese each year. By doing this, Maroji controls the amount of imported cheese. This is an example of a(n) _________
This is an example of a(n) Import Quota .
Explanation:A restriction in direct manner that controls the quantity of goods that is being imported to a country refers to the import quota. This restrictions is imposed by the issue of an import license to a firm or a group of firm or even individual. The main aim of these import quota is to enhance the domestic producers to gain advantage through the limitations in competition that arises form importing.
In the given scenario, the company name Maroji involves in the production of a lot of milk and milk-based products. The company then makes it compulsory for only some of the companies to import cheese with the allocated right in the importing of a maximum number of pounds of cheese each year. This acts as an example of Import Quota .
Clear Call Corporation makes phones, which are sold to consumers by DefDeals stores. Erna files a product liability suit against ClearCall, alleging a design defect. In deciding whether to hold ClearCall liable, the court may consider:__________.1. Erna's intended use for the phone.2. An available alternative design.3. DefDeals' method of accounting.4 .ClearCall's quality control efforts
Answer:
2. An available alternative design.
Explanation:
Note that in law held liable for the quality of products they sell to their customers. The cost or the legal penalty a manufacturer or trader incurs for producing or selling a faulty product is what is termed product liability.
Since it was the consumer Erna that filed a product liability suit against ClearCall, an available alternative design may be considered by the court so as to replace the faulty phone bought by Erna before holding ClearCall liable.
Which of the following refers to a process of developing distribution objectives, evaluating internal and external environmental influences on distribution, and choosing a distribution strategy? A. Slotting allowance B. Conventional marketing system C. Distribution tactics D. Vertical marketing system (VMS) E. Distribution planning
Answer:
The correct answer is E. Distribution planning.
Explanation:
Distribution planning refers to the development of objectives from production to putting the product on the counter. This process includes the entire chain from when the raw material to produce is entered, and the logistics necessary to transport the product to the final supplier. This process must evaluate external and internal problems in order to make it as expeditious as possible and the times are met in order to avoid product shortages.
The Federal Reserve is:__________A) a primary purchaser of Treasury securities and an active participant in the secondary market for these issuesB) a primary purchaser of Treasury securities but not an active participant in the secondary market for these issuesC) not a primary purchaser of Treasury securities but an active participant in the secondary market for these securitiesD) not a primary purchaser of Treasury securities and not an active participant in the secondary market for these securities
Answer:
C) not a primary purchaser of Treasury securities but an active participant in the secondary market for these securities.
Explanation:
The federal reserve is a government body that is tasked with controlling liquidity in the economy by use of various tools like interest rate and issuance of securities.
Treasury securities are a tool for controlling economic liquidity by mopping up excess cash.
The federal reserve is not a primary purchaser of treasury securities as it does not bid for shares it issues at weekly auctions. Primary traders are the ones that buy at weekly auctions.
However in the secondary market the federal reserve trades in treasury securities to control credit and liquidity.
In translating a foreign subsidiary's financial statements, which exchange rate does the current method require for the subsidiary's assets and liabilities? Multiple Choice The exchange rate in effect when each asset or liability was acquired. The average exchange rate for the current year. A calculated exchange rate based on market value. The exchange rate in effect as of the balance sheet date. The exchange rate in effect at the start of the current year.
Answer:
The exchange rate in effect as of the balance sheet date.
Explanation:
Here some important points to consider while translating a foreign subsidiary's financial statements
In translating a foreign subsidiary's financial statements, please, do not mess up a functional currency with a presentation currency. Every company has just one functional currency, but it can present its financial statements in many presentation currencies. While the functional currency depends on the economic environment of a company and its specific operations, the presentation currency is a matter of CHOICE.________ advertising may use any advertising medium, but it differs from other types of advertising in that it tries to stimulate an immediate consumer action.
Answer:
Direct Response Advertising
Explanation:
Direct response advertising is different from all other forms of advertisements in a way that it stimulates more fast, quick and efficient response from the cosumer. It persuades customers to act rapidly and instantly. Sales can be increased quite fast by using this form of advertisement. Toll free numbers are mentioned, road shows, exhibitions, discount offer sms, free coupons are presented which customers have to cut and send to the company to get them redeemed. This type of advertisement has gained a lot of success now-a-days.
Two advantages of decentralization are that (1) managers are encouraged to not solve their own problems, but rather to ask for assistance as soon as possible, and (2) decisions are made more slowly because they are discussed at a higher level of management.
"Two advantages of decentralization are that (1) managers are encouraged to not solve their own problems, but rather to ask for assistance as soon as possible, and (2) decisions are made more slowly because they are discussed at a higher level of management" is TRUE.
Explanation:
Decentralization is purely a matter of splitting management work and assigning similar tasks to the different executive competences. Put structured effort into delegating all authority to the lowest levels, excluding that which can only be practiced at the major points.
Advantages:
Minimizes the pressure on senior executives,encourages diversification, encouraging executive growth, fostering inspiration, better monitoring and monitoring and Rapid Judgment-Making.Disadvantages:
Uniform guidelines not pursued, co-ordination issue, more monetary pressure, requirement of trained staff anddispute.As a person consumes more of a good or service, the person's _____ will increase. At the same time, this person's _____ will decrease with each additional unit.
Answer:
Total utility
Marginal utility
Explanation:
Total utility is the total satisfaction derived from a particular activity. As consumption increases, total utility increases at a decreasing rate.
Marginal utility is the utility derived from one more unit of consumption. As consumption increases, the satisfaction derived falls.
For example, the marginal utility a man who is extremely thirsty would derive from the first bottle of cold water would be the highest. The utility he derives from additional bottles of water would successively decrease.
The law of diminishing marginal utility states that as consumption increases, marginal utility falls.
I hope my answer helps you
Since the 1980s, many "developing" countries have liberalized trade and investment, often because they have had to accept IMF Structural Adjustment Programs (SAPs) and open their economies. Many, however, still have considerable barriers. For example, "International Shipments Logistics" is defined as "Ease of arranging competitively priced shipments. " What are the three biggest outliers in the histogram above, with the poorest international shipping logistics? Do you know anything about the challenges these countries face?
Answer:Please Refer to the explanation section
Explanation:
The question has insufficient information, we are supposed to be studying the diagram to determine outlier countries with poorest international shipping logistics. i have consulted the International Shipping Logistic performance index 2018 to find poorest countries in terms of international shipping logistics. according to the world bank countries like Zimbabwe, Lesotho , Syrian Arab Leon , Sierra Leon and Niger are some of the poorest countries when incomes to international shipping
Challenges Faced by these countries.
Challenge of being land locked.Countries like Zimbabwe , Niger and Lesotho face great challenges in international shipping logistics because they are land locked. any Political instabilities in the neighbouring countries affect they logistics businesses directly because the need entry to other countries to transport goods
Political InstabilityCountries like Syrian Arab Republic, Somalia and Sierra Leon suffer from Political instability which makes it difficult for the to trade with other countries.
World trade has expanded greatly due to the advancements in transportation, like shipping containerization that reduces costs, and lowered trade barriers.
Explanation:The rise in world trade since the 1980s can be attributed to two main factors. The first one is the advances in transportation and communication, which significantly brought down the costs of moving goods globally. This growth began when the development of shipping containerization in 1956 led to a dramatic reduction in shipment costs, streamlining the transfer of cargo from land to sea transport.
The second factor behind the rise of trade is the reduction of government-imposed trade barriers, like tariffs and quotas, along with the advent of technology in communication, and information management. These factors have collectively enhanced the ease of long-distance economic connections, lowered costs, and driven globalization. It's also been facilitated by international agreements and treaties which have promoted increasingly liberalized trade across nations.
Although the exact countries that are outliers in terms of poor international shipping logistics were not provided, challenges these countries face can include inadequate infrastructure, inefficient customs operations, and political instability, which can all hinder the ability to take part in global trade efficiently.
A woman making $1500 per month has her salary reduced by 20% because of sluggish sales. One year later, after a dramatic improvement in sales, she is given a 30% raise over her reduced salary. Find her salary after the raise. $ 1560 Correct: Your answer is correct. per month What percent change is this from the $1500 per month? 13 Incorrect: Your answer is incorrect. %
Answer:
A) Her salary after the raise is $1560 /month
B) 4% a month
Explanation:
(a)
A woman was making salary / month = $1500
Reduced % in salary = 20%
Reduced amount in salary/month = $1500 x 20% = $300 /month
Salary after reduced amount = $1500 - $300 = $1200 /month
A year later after a dramatic improvement in sales, increment % in salary
= 30% over reduced salary
= 1200 x (30/100) ==> $360 /month
Salary after increment = $1200 + $360 ==> $1560 /month
∴ the salary after raise is $1560 /month
(b)
starting salary = $1500 /month
Salary increment = $1560 - $1500 =$60 /month
%change = (Salary Increment / starting salary) x 100
= (60/1500) x 100
= 4% a month
After a 20% salary reduction and a subsequent 30% raise, the woman's new salary is $1560 per month, which is a 4% increment from original salary of $1500.
Explanation:The woman's salary after the 20% reduction would be $1200 per month (this being 80% of her initial salary). A 30% increment on the reduced $1200 salary would result in a new salary of $1200 + 30% of $1200 = $1560 per month. To find the percentage change from original salary of $1500, we calculate the difference between the new and original salaries, divide by the original, then multiply by 100. This equals to ($1560-$1500)/$1500 x 100 = 4%. So, the salary after raise has a 4% increment from the original salary.
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The new cereal product development team included a project manager located at headquarters in Chicago, a marketing specialist in the Los Angeles office, and a research and development (R&D) team in Kansas.A. Flattened management hierarchies.B. Self-directed work groups and virtual teams.C. Heightened global competition.
Answer:
The correct option is self-directed work groups and virtual teams
Explanation:
This question takes a look at post-bereaucratic organization(PBO),which is form of organization that differs from multi-divisional or multi-functional structure, where emphasis is laid on hierarchy and loyalty to superiors.
Self-directed work groups and virtual teams are a way to break the barriers that teams must be based in the same location and operate at the same time
With aid of advancement in information technology , far flung individuals can collaborate on issues of common interest, clear and mutual goals.
The team can only meetings via Skype for business and still ensure they deliver at the optimum level
Final answer:
New cereal product development teams involve diverse team members including product development and upper management, working towards a flattened management hierarchy and leveraging self-directed work groups for increased efficiency and productivity.
Explanation:
The development of new cereal products often involves collaboration between team members with various expertise including product development, engineering, production, purchasing, quality, regulatory, marketing, sales, and upper management. Teams may span multiple geographical locations and work in a manner that reduces hierarchical constraints, promoting a flattened management hierarchy. This encourages self-direction and empowers teams to be more proactive in their roles, thus benefiting from the collective intelligence and capabilities of its members.
As organizations strive for efficiency and productivity, the adoption of self-directed work groups and virtual teams has become increasingly prevalent. These teams can hire talent from a diverse pool, tap into different geographic regions, and measure success based on deliverables rather than traditional oversight methods. A reference to large companies such as the Miller Brewing Company and Texas Instruments Inc. highlights the significant improvements in productivity and quality that can be achieved with this team-based approach.
If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ structural unemployment and ____ the natural rate of unemployment:
Answer:
The options for this question are the following:
A. Increase; Increase.
B. Increase; Not change.
C. Not change, Increase.
D. Do none of the above
The correct answer is A. Increase; Increase.
Explanation:
The natural unemployment rate is one that represents a level of unemployment that cannot be reduced and is part of what is considered normal in an economy. This level usually ranges between 2% and 5% and is part of the frictional unemployment of the population.
The natural unemployment rate exists, in part, because some workers quit their jobs, ceasing to earn income for a time, for various reasons. These may be, for example, the aspiration for a better professional opportunity or the distance to the workplace.
An online buying club offers a membership for $115, for which you will receive a discount of 10 percent on all brand-name items you purchase. How much would you have to buy to cover the cost of the membership
Answer:
$1,150 worth of items
Explanation:
Given that,
Club offers membership = $115
Discount of all brand name purchase = 10%
Therefore, to cover the cost of membership,
You would have to purchase = 115 ÷ 0.10
= 1,150.
So, you have to buy items worth $1,150 to cover the cost of the membership.
Note that,
Discounts are a reduction in the original cost of a commodity, usually done in order to attract customers.
Richard is an employee of the Dun Construction Corp. While delivering materials to a construction site, he carelessly backs Dun’s truck into a passenger vehicle driven by Green. This is Richard’s second accident in six months. When the company owner, Dun, learns of this latest accident, a heated discussion ensues, and Dun fires Richard. Dun is so angry that he immediately writes a letter to the union of which Richard is a member and to all other construction companies in the community, stating that Richard is the "worst driver in the city" and that "anyone who hires him is asking for legal liability." Richard files a suit against Dun, alleging libel on the basis of the statements Miller, Roger LeRoy. Business Law: Text & Cases - The First Course - Summarized Case Edition (p. 123). Cengage Learning. Kindle Edition.
Answer:
Richard's claim against Dun for libel were considered valid by the court since Dun's letter was made only with the intent of hurting Richard. Dun knew that by writing that letter to the union and other construction companies, it would be extremely difficult for Richard to find a new job. The sole intention of the letter was to hurt Richard, not to warn others about Richard's poor driving abilities.
Explanation: