Answer:
A.True
Explanation:
Generally accepted accounting principles (GAAP) refer to a common set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board (FASB). Public companies in the United States must follow GAAP when their accountants compile their financial statements. GAAP is a combination of authoritative standards (set by policy boards) and the commonly accepted ways of recording and reporting accounting information. GAAP aims to improve the clarity, consistency, and comparability of the communication of financial information.
The two major forms of employee involvement are participative management and ________. 1. job sharing 2. job rotation 3. representative participation 4. job enlargement 5. organizational restructuring"
Answer:
3. representative participation.
Explanation:
Participative management refers to the kind of management where the employees take part in the decision making and brainstorming session together to achieve a common goal.
Representative participation is virtually when rare opportunities are given to employee of an organisation to make decision ,carry out core values all in line of pursing the common organisational goal.
James Krieg has finished law school but has unsuccessfully taken the bar exam twice. Krieg is running low on patience and cash. He has begun writing wills to see him through this time of crisis and is charging $200 per will. Some of his will clients have refused to pay Krieg, and he wishes to take them to a small claims court. Which of the following statements is true?
a. Krieg could recover the fees since the licensing after the bar exam is simply to raise funds.
b. Krieg's agreements are void.c. Krieg could recover the fees on a quasi-contract theory.
d. Krieg's agreements are voidable.
Answer:
B. Krieg's agreements are void
Explanation:
The bar examination, is the examination that is administered by a jurisdiction's bar association that a lawyer needs to pass before being admitted to the bar of that jurisdiction.
It is the Examination that Lawyers need to pass before they can be given license to practice law in a jurisdiction.
Since Kreig is yet to write his Bar Examination successfully, whatever documents he writes and signs as a Lawyer is void, because,he doesn't have the right to practice law in his Jurisdiction yet.
Please match the descriptions with the correct price index. A. A price index based on wages in the labor market. B. A broad price index based on all the components of GDP. C. A price index based on the cost of common inputs for firms. D. A measure of inflation based on the cost of goods that households typically purchase. E. A measure of inflation based on the price of imports or exports.
Answer:
A. A price index based on wages in the labor market. - Employment Cost Index
The employment cost index is a quaterly measure of the cost of hiring for businesses. It is calculated by the Bureau of Labor Statistics.
B. A broad price index based on all the components of GDP. - GDP Deflator
The GDP Deflator measures the change in price of all goods and services produced within a given year in respect to the price level of a selected year (the base year).
C. A price index based on the cost of common inputs for firms. - Producer price index
The producer price index measures the price change of the inputs that firms use to produce output. (for example, raw materials, gas, electricity, and intermediate goods).
D. A measure of inflation based on the cost of goods that households typically purchase. - Consumer price index
This is perhaps the most well-known price index. It measures the price change of a selected basket of goods and services that is most commonly bought by households.
E. A measure of inflation based on the price of imports or exports. - International Price Index
A measure of the change in prices of imports and exports.
Rajid, an immigrant who speaks little English, enters into a contract to pay $300 per month for ten years to purchase an auto from Travel Motor Co. The appraised retail value of the car is $5000. What legal remedy would release Rajid from his contract?
Answer:
Unconsciounability
Explanation:
In contract law, unconsciounability is a legal doctrine that establishes that contract terms which are extremely unfair or unjust for one of the parties are not enforceable. This unbalance must be generated by superior bargaining power and as its name suggests, is contrary to good conscience.
In this case, the car seller took advantage of Rajid's little knowledge of English and made him sign an extremely unfavorable contract.
When goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party, a. consumers have a strong incentive to search out those firms offering them the best deal. b. private producers of such goods will have little incentive to control costs and provide them at low prices. c. goods and services will only be supplied if consumers are willing to pay an amount sufficient to cover their production costs. d. the invisible hand will direct consumers and producers toward an efficient level of output.
Answer:
b. private producers of such goods will have little incentive to control costs and provide them at low prices
Explanation:
Externality is a situation where the production activities of market participants (either producers or consumers) have an effect on third parties not involved in production.
Externality is a form of market inefficiency.
Negative externality is when goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party.
When negative externality occurs, producers have little incentive to reduce cost because they don't bear the total brunt of their activities. This is why activities that generate negative externality are over produced.
Government needs to step in to control this problem. They can either impose tax on producers or regulate their activities.
Pollution is an example of negative externality.
I hope my answer helps you
DirectProtect is an insurance provider that uses telemarketers rather than insurance agents to sell its insurance and to deal with claims. It wants to introduce its product into new markets, but before it does so, it wants to predict how successful its sales efforts will be. The marketing research firm hired to conduct the research study has six months to gather, analyze, and present its data to DirectProtect. The required time frame is an example of a:________. a. dependent variable. b. obstruction c. objective d. constraint. e. independent variable.
Answer:
d. Constraint
Explanation:
The dependent variable variations are explained as an effect, due to variations in causal independent variables. The dependent variable might be in form of an objective function, as a function of independent variables, which needs to be maximised or minimised. Constraint is a limitation to the objective function maximisation / minimisation.
Given case : Introducing product in new markets (through telemarketers) & conducting research about success of sales efforts - has 'Sales' as the main objective function to be maximised, dependent on independent variable like Telemarketers . Constraint could be any restriction in form of budget , time (six months time mentioned)
Drius Security stock has a yearly dividend of $12.11. If you own 132 shares of Drius Security, how much do you get paid in quarterly dividends? a. $133.21 b. $1,598.52 c. $366.96 d. $399.63 Please select the best answer from the choices provided A B C D
Answer:
d. $399.63
Explanation:
Data provided in the given question
Dividend = $12.11
Shares = 132
The calculation of quarterly dividends is shown below:-
Quarterly dividends = Dividend × Shares ÷ Number of quarters in a year
= $12.11 × 132 ÷ 4
= $399.63
Therefore, to compute the quarterly dividends we simply divide shares with number of quarter in a year and multiply with dividend.
Answer:
D
Explanation:
On edge
How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market; that is, do price and quantity rise, fall, or remain unchanged, or are the answers indeterminate because they depend on the magnitudes of the shifts? Use supply and demand to verify your answers.
a. Supply decreases and demand is constant.
b. Demand decreases and supply is constant.
c. Supply increases and demand is constant.
d. Demand increases and supply increases.
e. Demand increases and supply is constant.
f. Supply increases and demand decreases.
g. Demand increases and supply decreases.
h. Demand decreases and supply decreases.
Changes in supply and demand affect equilibrium price and quantity in predictable ways. A decrease in supply with constant demand raises price and lowers quantity. An increase in demand with constant supply raises price and quantity. When both supply and demand shift, the outcome depends on their relative changes.
The question at hand involves analyzing how changes in supply and demand affect the equilibrium price and equilibrium quantity in a competitive market.
Supply decreases and demand is constant: The equilibrium price will rise, and the equilibrium quantity will fall.
Demand decreases and supply is constant: The equilibrium price will fall, and the equilibrium quantity will also fall.Supply increases and demand is constant: The equilibrium price will fall, while the equilibrium quantity will increase.
Demand increases and supply increases: The equilibrium price may increase, decrease, or remain unchanged depending on the relative magnitudes of the shifts in supply and demand, and the equilibrium quantity will increase.
Demand increases and supply is constant: The equilibrium price will rise, and the equilibrium quantity will increase.
Supply increases and demand decreases: The equilibrium price will fall, but whether the equilibrium quantity rises, falls, or remains unchanged depends on the magnitudes of the shifts in supply and demand.
Demand increases and supply decreases: The equilibrium price will rise, but the change in the equilibrium quantity depends on the relative shifts in the curves.
Demand decreases and supply decreases: The equilibrium price could go either way depending on which effect dominates; the equilibrium quantity will fall.
When maria comes home from work, she finds that her yard has been mowed and trimmed. an hour later, a man comes to her door to collect payment for the yard work. maria refuses to pay him because she has never seen him before nor had she hired him to do the work. which of the following is accurate?
a. this is an implied, unilateral contract, so she must pay.
b. maria has received unjust enrichment so a quasi contract is formed, so she must pay.
c. the court would make maria pay the reasonable cost of the work to be fair to both parties.
d. maria would not have to pay anything.
Answer:
d. maria would not have to pay anything.
Explanation:
In this scenario Maria did not form a contract with the man to cut her lawn and had not even met him before. So there is no contract formed voluntarily, neither is it an implied contract.
Maria was enriched in this process because she will benefit from the cutting of the lawn. She was however not unjustly enriched because the man was not unduly influenced to carry out the task.
Maria can however pay the man after the fact at her discretion.
"The correct option is b. Maria has received unjust enrichment so a quasi contract is formed, so she must pay.
In this scenario, Maria has received a benefit (the mowing and trimming of her yard) without having a formal contract with the person who performed the service. This situation can lead to a legal principle known as ""unjust enrichment,"" where one party unduly benefits at the expense of another.
Here are the reasons why each option is or is not accurate:
a. This is not an implied, unilateral contract. An implied contract would require both parties to have a mutual understanding that services provided would result in payment. Since Maria did not request or agree to the services, there is no contract, implied or otherwise.
b. Unjust enrichment occurs when one party receives a benefit from another and it would be unjust for the party receiving the benefit to retain it without paying for it. In this case, Maria received the benefit of having her yard mowed and trimmed. A quasi contract, also known as a constructive contract, can be imposed by law to prevent unjust enrichment. Therefore, Maria would be required to pay the reasonable value of the services rendered to her property.
c. While it is true that courts aim for fairness, the specific remedy mentioned in this option is not typically how the law addresses such situations. Courts do not arbitrarily decide that one party must pay the other; rather, they apply legal principles such as unjust enrichment and quasi contracts to resolve disputes.
d. This option is incorrect because, under the principle of unjust enrichment, Maria would indeed have to pay something. The law does not allow a person to benefit from the labor of others without compensating them for the reasonable value of the work performed, especially when the recipient of the benefit had the opportunity to reject the services before or during the performance and did not do so.
In conclusion, the most accurate statement is that Maria has received unjust enrichment, and a quasi contract would be formed to require her to pay for the services provided. The amount she would have to pay would be the reasonable value of the yard work, which could be determined by the market rate for such services in her area."
Mycenaean Greece became more powerful after a. creating trade networks with Egypt b. war with Persia. c. destruction of Crete d. political consolidation in. the Dark Ages
Mycenaean Greeks became more powerful after destruction of Crete.
Option c
Explanation:
The Civilization of Mycenaean in the ancient Greece is considered to be the last phase of the bronze age with the span of 1600–1100 BC. The civilization was named after the most prominent area called the Mycenae in Argolid.
The first wave of destruction in their mainland occurred in 1250 BC due to few unidentified reasons. The second and final destruction happened on 1190 BC which marked the end of the whole civilization.
They are known to be the first human to speak the Greek language. They were majorly influenced by the people of earlier Minoan civilization which was situated on Crete island.
On July 22, Peter sold $15,500 of inventory items on credit with the terms 2/15, net 30. Payment on $10,000 sales was received on August 1 and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received?
a. Cash 9,800
Sales Discount 200
Accounts Receivable 10,000
b. Cash 10,000
Accounts Receivable 10,000
c. Cash 9,800
Accounts Receivable 9,800
d. Accounts Receivable 200
Sales Discount Forfeited 200
Answer:
b. Cash 10,000
Accounts Receivable 10,000
Explanation:
In gross method of accounting the transactions are recorded by gross amount rather value net of discount. This method assumes that customer will not take any early payment discount.
Under gross method of accounting the cash will be debited by the whole amount paid on August 1, even the payment is made in discount period and account receivable will be credited by the $10,000.
Answer:
A)
Dr Cash 9,800
Dr Sales Discount 200
Cr Accounts Receivable 10,000
Explanation:
The gross method records the invoice at full price (accounts receivable $15,500) and if any discounts are made, the sales discount account is used.
July 22, merchandise sold terms 2/15, net 30
Dr Accounts receivable 15,500
Cr Sales revenue 15,500
August 1, partial payment collected
Dr Cash 9,800
Dr Sales discount 200
Cr Accounts receivable 10,000
August 12, invoice paid at full
Dr Cash 5,500
Cr Accounts receivable 5,500
*Sales discount is a contra revenue account.
Gammy Corporation provides services with a normal price of $800,000 and a trade discount of $100,000. Terms are 2/10, n/30 and the customers pay within 10 days. The net service revenue is:______.
Answer:
The net service revenue amounts to $686,000
Explanation:
The formula to compute the net service revenue is as:
Net Service Revenue = (Price - Trade discount) - Discount of 2%
where
Price is $800,000
Trade discount is $100,000
And the discount of 2%
Therefore,
NSR = ($800,000 - $100,000) -Discount of 2%
= $700,000 - 2% 0f $700,000
= $700,000 - $14,000
= $686,000
NOTE: The customer paid within 10 days so the customer is allowed for 2% discount on the amount.
n class, we looked at the case of Best Buy, where 20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates. According to the lecture, what type of segmentation base is this?
Usage Rate Segmentation
Answer:
Angels
Explanation:
n class, we looked at the case of Best Buy, where 20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates. According to the lecture, the type of segmentation base used is Angels.
Angels and Devils Best Buy is a New Customer Approach which clearly defines who current and potential customers are. A group of customers is identified so that it could be divided into different segments based on their motivations, traits and characteristics.
It is based on traits and characteristics that we are told in the scenario that ''20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates.''
Answer:
D) Usage Rate Segmentation
Explanation:
Usage rate segmentation refers to a segmentation method that divides customers based on how much they purchase or spend on a product or service. Customers are divided into:
non-users and light product usersmedium product usersheavy product users: following the Pareto principle, 20% of your customers will represent 80% of your total sales revenue. This principle applies to most industries and in this case, it also applies to Best Buy.What is the percentage of improvement for a client who has a baseline 10RM of 50 lb (22.7 kg) on the bench press and improves to 65 lb (29.5 kg) at her follow-up test session 3 months later
Answer:
30%
Explanation:
What is the percentage of improvement for a client who has a baseline 10RM of 50 lb (22.7 kg) on the bench press and improves to 65 lb (29.5 kg) at her follow-up test session 3 months later.
Percentage improvement is given by the following steps:
First: work out the difference (increase) between the two numbers you are comparing. Then: divide the increase by the original number and multiply the answer by 100. % increase = Increase ÷ Original Number × 100.
Therefore percentage improvement = [(65 lb - 50 lb) / 50 lb] x 100 = 30%
Pagent, a company that manufactures watches, introduces a new range of watches with a safety application programmed into it. This application is designed especially for women and helps them alert people in case of danger. In the context of innovation streams, which of the following concepts does this scenario best illustrate?A) A technological discontinuity
B) Technological lockout
C) Technological singularity
D) A technological barrier
Answer:
A. Technological discontinuity
Explanation:
Technological discontinuity is the process whereby new technologies has technical limits and economic relevance that are greater than those of the old technologies. Whenever there's technological discontinuity, it brings a new range of technological development.
The chart gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year. 2016 2017 Price Quantity Price QuantityIce cream $7.00 600 $3.00 400Blue jeans $70.00 20 $20.00 90Laptops $300.00 5 $300.00 52016 nominal GDP: $2016 nominal GDP: $2017 nominal GDP: $2017 nominal GDP: $2016 real GDP: $2016 real GDP: $2017 real GDP: $2017 real GDP: $
Answer:
Explanation:
The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.
Year 2016 2017
Price Quantity Price Quantity
Ice Cream $7.00 600 $3.00 400
Blue Jeans $70.00 20 $20.00 90
Laptops $300.00 5 $300.00 5
2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ = $7,100
2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_ = $4,500
2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______
= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.
2017 real GDP = will be same as nominal, hence no growth since this is the base year
Nominal and real GDP for Utopia are calculated by multiplying the quantities of goods produced by their respective prices. For 2016, nominal GDP is $7,100 and real GDP is $3,700. For 2017 which is the base year, nominal and real GDP are both $4,500.
Calculating Nominal and Real GDP for Utopia
To calculate nominal GDP for both years, we use the formula that defines nominal GDP as the quantity of every final good or service produced multiplied by the price at which it was sold.
To find real GDP, which adjusts for inflation, we value the quantities of goods and services at constant prices. In this case, we use 2017 as the base year prices.
Calculating nominal GDP for 2016:
Ice cream = $7.00 x 600 = $4,200
Blue jeans = $70.00 x 20 = $1,400
Laptops = $300.00 x 5 = $1,500
Total nominal GDP for 2016 = $4,200 + $1,400 + $1,500 = $7,100
Calculating nominal GDP for 2017:
Ice cream = $3.00 x 400 = $1,200
Blue jeans = $20.00 x 90 = $1,800
Laptops = $300.00 x 5 = $1,500
Total nominal GDP for 2017 = $1,200 + $1,800 + $1,500 = $4,500
Calculating real GDP for 2016 using 2017 prices:
Ice cream = $3.00 x 600 = $1,800
Blue jeans = $20.00 x 20 = $400
Laptops = $300.00 x 5 = $1,500
Total real GDP for 2016 = $1,800 + $400 + $1,500 = $3,700
Real GDP for 2017 is the same as nominal GDP for 2017 since it is the base year: $4,500.
Mentor Corp. has provided the following information for the current year: Units produced 3,500 units Sale price $ 200 per unit Direct materials $ 70 per unit Direct labor $ 55 per unit Variable manufacturing overhead $ 20 per unit Fixed manufacturing overhead $ 350,000 per year Variable selling and administrative costs $ 30 per unit Fixed selling and administrative costs $ 150,000 per year Calculate the unit product cost using variable costing. Group of answer choices
Answer:
Calculation of the unit product cost using variable costing
Direct materials 70
Direct labor 55
Variable Manufacturing Overhead 20
Product Cost 145
Therefore unit product cost is $145
Explanation:
It is important for this question to note that only Manufacturing Costs are included in calculation of product cost.
Non- Manufacturing costs are written off in Profit and loss account as period costs
Variable Costing
Variable costing system only allocates variable manufacturing costs to products to arrive at product cost.
Fixed manufacturing overheads are not included in product cost under this system and they are written off to the profit and loss account as a period cost.
Oriole Company sold $122000 of goods and accepted the customer's $122000 8%, 1-year note receivable in exchange. Assuming 9% approximates the market rate of return, what would be the debit in this journal entry to record the sale
The debit to record the sale of goods by Oriole Company in exchange for an 8%, 1-year note receivable should be the present value of the receipt, calculated by discounting the future cash flow by the 9% market interest rate.
When recording the sale of goods in exchange for a note receivable, the amount recognized at the time of the sale should be the present value of the note, not the face value, when the interest rate on the note is different from the market rate. Since the market rate of return is 9% and the note has an 8% interest rate, the present value of the $122,000 note receivable would be lower than its face value. To determine the debit to record the sale, you would use present value calculations based on the market interest rate.
To calculate the present value, you would discount the future cash flow of $122,000 (the principal plus interest due in one year) at the market interest rate of 9%. However, since the exact present value was not provided, we cannot give a specific debit amount without performing the calculation.
The debit in this journal entry to record the sale would be $122,000.
When a company sells goods on credit and accepts a note receivable, the transaction is recorded at the face value of the note, which is the amount of cash the company expects to receive in the future. In this case, Oriole Company sold goods for $122,000 and accepted a note receivable for the same amount. Therefore, the company would debit Cash or Sales for $122,000 to reflect the revenue earned from the sale.
The note receivable is recorded at its face value because it is expected to be collected in one year, and the market rate of interest (9%) is not used to adjust the value of the note at the time of the sale. The market rate of interest is only relevant for determining the present value of the note if it were to be discounted, which is not the case here since the note is accepted at face value.
The journal entry to record the sale would be:
Debit: Cash or Sales $122,000
Credit: Notes Receivable $122,000
This entry reflects the increase in sales revenue and the corresponding increase in the notes receivable account. The interest that will be earned on the note (at 8% for 1 year) will be recorded separately when the interest is actually received or accrued, not at the time of the initial sale transaction.
Caroline Watts is an employee of Lavender Creek Farm. She has come to you, the payroll accountant, for advice about her health insurance premiums, specifically if she should have them deducted pre-tax or post-tax.
Required:
What reason(s) would you give her for having the medical premiums deducted on a pre-tax basis?
Caroline Watts is an employee of Lavender Creek Farm. She has come to you, the payroll accountant, for advice about her health insurance premiums, specifically if she should have them deducted pre-tax or post-tax.
Required:
What reason(s) would you give her for having the medical premiums deducted on a pre-tax basis?
All health insurance premiums must be deducted on a pre-tax basis.checked
The premium amounts are reduced by deducting them on a pre-tax basis.checked
The employee’s income that is subject to income tax(es) is reduced.checked
The income subject to Social Security and Medicare taxes is reduced.
Answer:
All health insurance premiums must be deducted on a pre-tax basis.
The premium amounts are reduced by deducting them on a pre-tax basis.
The employee’s income that is subject to income tax(es) is reduced.
Explanation:
Health care premiums are deducted on a pre-tax basis, reducing the amount that both employees and employers must pay on federal income taxes, state taxes and FICA taxes.
Since your health premiums reduce your total taxes, they real amount you pay for them is reduced. Similar logic to interests paid by a company that reduce corporate taxes.
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers. After an year, he closed the school and joined an advertising firm. After two years, he quit the advertising firm and became self-employed as a freelance music composer. Which of the following terms indicates the changes in Andrew's employment structure?A. Volatility.
B. Adverse possession.
C. Bootstrapping.
D. Easement.
E. None of the above.
Answer:
Volatility
Explanation:
Volatility can be defined as instability and is characterized by a long-term pattern of unstable movements
In the scenario, Andrew has been highly unstable in his job patterns
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers.
Secondly, After an year, he closed the school and joined an advertising firm.
Thirdly, After two years, he quit the advertising firm and became self-employed as a freelance music composer.
Then the only term that indicates the changes in Andrew's employment structure is Volatility.
Chuck Praeger has made a name for himself by being able to sell golf equipment to anyone, anywhere, anytime. Chuck would like to expand his business into Pacific Rim countries and has begun making inquiries into potential distributors. Chuck is convinced that his golf equipment will sell itself. But Chuck is preparing his special "hard-sell" presentation for Asia because he wants to make a good first impression. As a Pacific Rim expert, what do you tell Chuck?1. Be sure to have a tight legal contract ready to avoid product piracy problems.2. Aggressive salesmanship is unlikely to work in Pacific Rim countries.3. Have plenty of English-language business cards to pass around because Asians are impressed with all things about the United States.4. Avoid the confusion introduced by third-party contacts.5. Aggressive salesmanship is unlikely to work in Pacific Rim countries.
As a Pacific Rim expert, I will tell Chuck Aggressive salesmanship is unlikely to work in Pacific Rim countries.
Explanation:
Aggressive sales tactics are getting a bad rap.
Slovenian, greedy, pushy vendor myth is often blamed on you. It is clear that certain sales representatives have undoubtedly overloaded the company in the past with aggressive marketing tactics, but this does not mean these closing techniques should be shunned permanently.
Currently, in 21st century marketing there is always a space for them. You just have to learn where and when to use them. You must remember that in all circumstances they are not ideal, but in the right context, they could be useful to the right buyer. You will certainly compound your selling advantage if you are in a hurry to sell and use these strategies at the wrong time, or on a wrong decision-maker.
Mildred, the marketing manager of an automobile manufacturing company, is responsible for pricing products, conducting market research, and designing advertising campaigns and promotional activities for the company. In the context of organizational authority, which of the following functions does Mildred most likely perform?
A) Line function
B) Staff function
C) Support function
D) Advisory function
Answer:
LINE FUNCTION
Explanation:
In management, a line function is any kind of daily operation that covers purchasing, manufacturing, and selling that is directly involved in carrying out the purpose of an organization.
Mildred, the marketing manager of an automobile manufacturing company, is responsible for pricing products, conducting market research, and designing advertising campaigns and promotional activities for the company.
Mildred's functions according to above definition involves selling; and she is directly involved in carrying out the purpose of an organization. Hence she performs a line function
Answer:
Option A; LINE FUNCTION
Explanation:
In management, line function is any kind of daily operation such as purchasing, manufacturing and selling that is directly involved in carrying out the purpose of an organization. If line function is interrupted, it affects customers or profits.
Line function is directly involved in the core work of an organization to ensure the organization meets its business objectives.
* Staff function involves the provision of advice and other support to those involved in a line action.
* Support function are supporting activities carried out by an organization in order to permit or to facilitate the core business functions, its production activity.
Therefore, Mildred most likely performs LINE FUNCTION.
All of the following are the interrelated components of a feasibility analysis EXCEPT: 1. Industry and market feasibility analysis 2. Make or buy feasibility analysis 3. Product or service feasibility analysis 4. Financial feasibility analysis
Answer:
Make or buy feasibility analysis
Explanation:
There is no concept such as Make or buy feasibility analysis
What exists are:
market feasibility which is all about how the real world market will be reacting towards a particular product or service.
Financial feasibility focuses specifically on the financial aspects of the study. It assesses the economical viability of a proposed venture by evaluating the startup costs, operating expenses, cash flow and making a forecast of future performance.
Product feasibility which has to do with product development
Answer:
Make or buy feasibility analysis ( 2 )
Explanation:
Feasibility analysis is a process of determining if a business idea is going to profitable/viable and the components of feasibility analysis include: industry and market feasibility analysis, organizational feasibility, product/service feasibility analysis and financial feasibility analysis.
The Make or buy feasibility analysis is not a component of a feasibility analysis it can rather be classified under the financial feasibility analysis which is concerned with how profitable a financial decision to be made in a business venture would affect the profitability of the business usually in the long term of the business. other components of the feasibility play different vital roles on how a business would turn out in the long and short term basis.
A cause-effect chart: A. Identifies potential causes for specific problems B. Shows the prevalence of the various types of defects that have been found C. Is not useful when first studying a quality problem D. Has both upper and lower specification limit
Answer:
C. Is not useful when first studying a quality problem
Explanation:
The cause and effect is a tool that helps you identify display and sort all possible cause and effect relationships for a specif problem or quality characteristics and graphically illustrates this relationship between the outcomes of the factors.What is a schedule that shows when an item must be ordered from suppliers or when the production of an item must be started to satisfy demand for the finished product by a particular date?
Answer: gross material requirements plan
Explanation: A material requirements plan has been developed for product A based on the product structure of A and the lead-time needed to obtain each component. Planned order releases of a parent item are used to determine gross requirements for its component items.
hope i helped please mark brainliest!
Your boss never gives you the benefit of the doubt. When you arrived late from lunch, he assumed that you had simply taken too much time. He never considered that the elevators were not working that day and the fact that you had to walk up 10 flights of stairs. Your boss is guilty of ________.a. self-serving bias.b. selective perception.c. fundamental attribution error.d. inconsistency.e. stereotyping.
Answer:
The correct answer is C
Explanation:
Fundamental attribution error, also recognize or stated as the attribution effect or the correspondence bias, which is defined as the tendency of the people to under emphasize the situational explanations for the observed behavior of the individual when over emphasing the personality grounded explanations for their behavior.
Under this situation, the boss provide the benefit of the doubt on his employee while not considering the situational explanations of the employee. So, in this situation, the boss is guilty of the error which is fundamental attribution.
The behaviour of Boss is
C. Fundamental attribution error
The boss is not realising that elevator can be in a non working condition and simply is assuming that the employee have arrived late from lunch and is spending more time on lunch then on work while it should have been the other way.
Fundamental Attribution ErrorThe fundamental attribution error is a social psychology state that some people have. This type of behavior can be difficult for the people around such a person to bear as explained in the scenario that Boss has made a perception and does not consider any other perspective.
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Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $200,000 each and ten families have incomes of $22,000 each.
a) In which community is the distribution of income more unequal?
b) In which community is the problem of poverty likely to be worse?
c) Which distribution of income would Rawls prefer? Explain.
d) Which distribution of income do you prefer? Explain.
e) Why might someone have the opposite preference?
Answer:
In the second community because the gap is wider between the 2 income groups. Community 1 has an income gap of $80,000 (100,000 - 20,000) while community 2 has an income gap of $178,000 (200,000 - 22,000)
Explanation:
a) In which community is the distribution of income more unequal?
In the second community because the gap is wider between the 2 income groups. Community 1 has an income gap of 80,000 (100,000 - 20,000) while community 2 has an income gap of 178,000 (200,000 - 22,000)
b) In which community is the problem of poverty likely to be worse?
In the first community because average income is smaller which is $60,000 [(100,000 + 20,000) / 2] compared to community 2 of $111,000 [(200,000 +22,000) /2]
c) Which distribution of income would Rawls prefer? Explain.
Rawls would prefer the second income distribution if the larger income are tied to positions that are open to all, and as long as basic liberties existed
d) Which distribution of income do you prefer? Explain.
I would prefer the second because the average income is higher and in the event of income redistribution, every family will be averagely better off than in the first community
e) Why might someone have the opposite preference?
Some may prefer community one because of lower income gap between the rich and the poor.
Final answer:
This detailed answer discusses income inequality, poverty assessment, preferences of Rawls, personal choices, and opposing viewpoints regarding income distribution.
Explanation:
a) Inequality Comparison:
To compare the income distributions, we can calculate the Gini coefficient for each community. The higher the Gini coefficient, the more unequal the income distribution. The community with larger income gaps will have a higher Gini coefficient and thus be more unequal.
b) Poverty Assessment:
To determine which community has a worse poverty problem, we can look at the percentage of families with incomes below the poverty line in each community. The community with a higher percentage of families below the poverty line is likely to have a more severe poverty issue.
c) Rawls' Preference:
Rawls would likely prefer the income distribution where there is more equality. His theory of justice emphasizes maximizing the well-being of the least advantaged, which would support a more equal distribution of income.
d) Personal Preference:
Personal preferences may vary, but one might prefer the income distribution that promotes overall societal well-being and reduces poverty, which could align with a more equal distribution of income.
e) Opposite Preference:
Opposing preferences could stem from differing values or beliefs regarding individual effort versus societal responsibility. Some may argue for merit-based rewards and less income redistribution.
Amber is working as a sales associate in a department store. When a few high-priced products are found missing from the store, Amber is accused of theft and fired from the job. Neither an investigation is conducted nor is Amber allowed to explain herself. Which of the following is true of the given scenario?
a. Amber's right to arbitration has been violated.
b. Due process has not been followed by the employer.
c. Amber's statutory rights are upheld.
d. Amber is not given the option of involuntary turnover
Answer: Due process has not been followed by the employer.
Explanation:
Amber's employers did not follow due process in sacking her from her job, as there was no proper investigation into how the costly items got missing. Due process is the right steps that needs to be followed before taking an action, and in Amber's case due process includes a proper investigation to know how items got missing before taking decisive actions.
Option B is the correct option i.e., Due process has not been followed by the employer. Amber's situation exemplifies a violation of due process, as she was not given the chance to defend herself or go through a fair investigative process by her employer. Similar protections are seen in constitutional amendments that safeguard individuals' rights in various legal scenarios.
In the presented scenario, the most accurate statement is that due process has not been followed by the employer. Amber was not given the chance to defend herself, nor was an investigation conducted, which constitutes a violation of due process rights.
The case scenarios given, including the situations with Sara, Mr. Jones, Carolyn, and Mr. Reynolds, also highlight various aspects of constitutional protections, such as the right to a fair trial and legal representation, against unreasonable search and seizure, and protection from cruel and unusual punishments. These scenarios encompass amendments including the 5th, 6th, and 14th Amendments, which allude to due process and the protection of individual rights within the legal system.
In employment, just like in criminal cases, due process typically entails the right to a fair procedure before being deprived of employment (liberty or property) and can involve mechanisms such as an internal investigation or a chance to be heard, which were not afforded to Amber.
Suppose income increases by 25 percent and, as a result, the quantity of a particular brand of automobile demanded (holding the price for this particular automobile constant) decreasesdecreases by 37 percent. The income elasticity of demand for this brand of car is_____. This particular brand of automobile is a(n) _____ good. In another example, suppose market research shows that a particular brand of truck is a normal good and a luxury. If so, then the income elasticity of demand for this truck is:______.
A. Less than 1 but greater than 0.
B. Negative.
C. Greater than 1.
D. Positive.
E. Zero.
Answer:
-1.48
Inferior Good, as their quantity demanded decreases as the income of the consumers increases.
C. Greater than 1
As to be a normal good, the income elasticity should be positive. Then, when betwene 0 and 1 this is a necessary good used for the consumer to met their normal living standard
While above 1, menas their expense is more than proportional than income thus, it increases as the income increases more than proportionally that represent a luxury good.
Explanation:
To solve for the income elasticity we divide the variation in quantity over the variation in price:
-37/25 = -1.48
A technological advance would best be represented by: A shift outward of the production-possibilities curve. A shift inward of the production-possibilities curve. A movement from inside the production-possibilities curve to a point on the production-possibilities curve. A movement from the production-possibilities curve to a point inside the production-possibilities curve.
Answer:
Option A-A shift outward of the production-possibilities curve.
Explanation:
The reason is that the technological advancement brings increased productivity and higher growths prospects of the products. When Henry Ford used the taylorism framework in assembling of its automobiles the result was greater efficiencies which helped him to decrease the costs significantly and increase its production by sufficient amount. This means higher the technological advances the higher are the efficiencies and if the higher are the efficiencies the higher are the productions. So the production possibility curve will move outward which shows that there are higher chances that the production will increase.
A technological advance is best represented by a shift outward of the production-possibilities curve.
Explanation:A technological advance would best be represented by a shift outward of the production-possibilities curve. This represents an increase in the potential output of an economy due to new technology or processes. When there is a technological advance, the production-possibilities curve shifts outward because more goods and services can now be produced.
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