Answer: Supply chain planning.
Explanation:
Supply chain planning is a comprehensive plan a production company has in place that ensures, the smooth and effective running of operations involved in the supply chain. Supply chain planning involves planning for factors within and outside the company which includes: raw materials and resources gathering, production and distribution of products.
To differentiate themselves, many companies are moving to a new level in creating value for their customers. Going beyond products and services, they are developing and delivering customer ________.A) feedback
B) experiences
C) brands
D) product lines
E) events
Answer:
(B) experiences
Explanation:
Organizations now go beyond providing products and services to customers while trying to deliver value and differentiate themselves from competitors.
They interact with customers, with the intention to create impressions and deliver to them, pleasant customer experiences.
Jon, a law enforcement official, monitors Kelsey's Internet activities—e-mail and Web site visits—to gain access to her personal financial data and student information. This may violate Kelsey's right to:A. EQUAL PROTECTIONB. PRIVACYC. DUE PROCESSD. ENGAGE IN INTERSTATE COMMERCE
Answer:
B. PRIVACY
Explanation:
Almost all of modern mobile and web apps enable that private information be used to offer additional functionality for their consumers.
However minimum security knowledge between programmers may enable such sensitive information to be treated inappropriately.
Violation of the privacy happens whenever confidential information reaches the server / database of the system and is obtained or exploited inappropriately by unauthorized perpetrators.
Jon is unauthorized to access Kelsey's data, in this case, e-mail and Web site visits, for his personal gain.
Jon, a law enforcement official, monitors Kelsey's Internet activities—e-mail and Web site visits—to gain access to her personal financial data and student information. This may violate Kelsey's right to privacy. The correct option is B.
It would probably be against the law to track Kelsey's online activities without her permission or the appropriate legal justification. The right to privacy refers to a person's ability to protect their private information and activities from unauthorized access or observation by third parties, such as law enforcement. In this case, it would be deemed an invasion of Kelsey's right to privacy for Jon to have gained access to her personal financial data and academic records without her consent or proper authorization.
Thus, the ideal selection is option B.
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Which of the following would not change demand? A. The income of the consumers. B. The price of related products. C. The price of the product. D. Information about the product's health effects.
Answer:
Option (c) is correct.
Explanation:
Option A:
Income of the consumer is related to the normal and inferior goods.
If there is an increase in the income level of the consumer then as a result the demand for normal good increases and there is a rightward shift in the demand curve of normal good.
Option B:
Price of related goods: substitute goods and complimentary goods.
For example,
If there is an increase in the price of one good then as a result the demand for the substitute good increases which will shift the demand curve of substitute goods rightwards.
Option C:
If there is an increase in the price of the product then as a result the quantity demanded for that product decreases. This shows that price of the product would not change the demand but the quantity demand.
Jennifer is trying to decide between a cup of coffee and a glass of orange juice. The coffee costs $1 and yields 10 units of additional utility. The juice costs $2 and yields 16 units of additional utility. If Jennifer follows the principle of rational choice, she will buy:______________.
Answer:
coffee since it gives her the most marginal utility per dollar
Explanation:
Cost of a cup of coffee = $1 and yield = 10 units of additional utility
Cost of a glass of juice = $2 and yield = 16 units of additional utility
In this case, the decision is based on the per dollar marginal utility.
Per dollar marginal utility for coffee:
= Marginal utility ÷ cost of coffee
= 10 ÷ $1
= 10
Per dollar marginal utility for juice:
= Marginal utility ÷ cost of juice
= 16 ÷ $2
= 8
Therefore, the above calculation states that if Jennifer follows the principle of rational choice then she will buy coffee because it will her the higher marginal utility per dollar.
An owner of a stable of racehorses has been earning below-average returns for over 15 years. To a colleague, he expressed his determination to stay in horse racing until he died because "racing is in my blood." This individual is probably still racing horses because of: Select one: a. high barriers to exit. b. high switching costs. c. high fixed costs. d. low levels of competitive rivalry.
Answer:
a. high barriers to exit
Explanation:
Barriers to exit in economics are barriers in a firm's path that wants to leave a given market or industry sector. Such obstacles cost the firm to leave the market financially, and may prevent it from doing so altogether.
Owens Industries is trying to increase its profile in the community. As part of this effort, Owens sponsors a Little League baseball team. The cost of sponsorship is $850. How should Owens record this transaction in order to maintain a balanced accounting equation (A = L + SE)?
A) They should credit $850 to assets and debit $850 to stockholders' equity.
B) They should debit $850 to assets and debit $850 to stockholders' equity.
C) They should credit $850 to assets and credit $850 to stockholders' equity.
D) They should debit $850 to assets and credit $850 to liabilities.
Answer:
They should credit $850 to assets and debit $850 to stockholders' equity (A)
Explanation:
The cash outflow of $850 will reduce the cash position of the company (i.e cash balance under current assets, hence it should be credited) while the stockholders's equity account needs to be debited because the transaction represents a depletion in the value of the company.
Asset account is reduced by crediting while common stock account is reduced by debiting.
Successive waves of globalization include characteristics such as the expansion of trade, the diffusion of technology, extensive migration, and _____.a. improvements in country infrastructureb. increased employee moralec. improved healthcared. financial independencee. cross-fertilization of diverse cultures
Answer:
E) cross-fertilization of diverse cultures
Explanation:
Cross-fertilization of diverse cultures refers to several cultures mixing together and the result of that mix is that the best qualities or characteristics of each culture are absorbed by the other cultures.
This is a similar concept to the melting pot theory in the US, where diverse immigrants interacted together and they were able to get the best out of each other's culture.
The correct completion for the characteristics of globalization would be 'cross-fertilization of diverse cultures'. It reflects how globalization blends different cultural experiences through increased interaction and exchange.
Explanation:The question 'Successive waves of globalization include characteristics such as the expansion of trade, the diffusion of technology, extensive migration, and _____.' asks for an answer that completes the statement. The correct option that represents a characteristic of globalization is the cross-fertilization of diverse cultures.
Globalization not only entails the growth of international trade and the spread of technology but also includes the blending and exchange of different cultural experiences, ideas, and values as people and products move around the globe.
Technological globalization has been propelled by technological diffusion, which has led to greater communication and information sharing, hence fostering cross-cultural interactions.
Additionally, the improvement in transportation and the establishment of international agreements have made it easier for people from different cultural backgrounds to interact and merge their cultural practices, leading to greater cultural diversity and the cross-fertilization of cultures.
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Implementing a system of independent checks is one of the most effective ways to deter fraud. Which one of the following is NOT a wayof providing independent checks on employees?A)Employee transfersB)AuditsC)Mandatory vacationsD)Single endorsement on checks
Implementing a system of independent checks is an effective way to deter fraud. Single endorsement on checks is not a way of providing independent checks on employees.
Explanation:Implementing a system of independent checks is an effective way to deter fraud. However, single endorsement on checks is NOT a way of providing independent checks on employees.
Employee transfers can help provide independent checks by moving employees to different departments or roles, reducing the risk of collusion. Audits involve reviewing financial records and processes to identify potential fraud or errors. Mandatory vacations require employees to take time off, allowing others to review their work and detect any irregularities.
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Among the listed options, a single endorsement on checks does not provide an independent check in a business system. It does not add independent oversight or verification, thus is less effective in deterring fraud.
Explanation:Independent checks are useful measures placed within a business system to help prevent and detect fraudulent activity. These can include actions like employee transfers, regular audits, and enforcing mandatory vacations to prevent any single person from having control over certain processes or funds for an extended period. However, having a single endorsement on checks is not an example of an independent check. This practice does not add a layer of oversight or independent verification, thereby making it the least effective deterrent against fraud among the choices given. A dual or multiple endorsements system is more effective as it demands the approval of more than one authorized person to validate transactions, thus reducing fraud risk.
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A flower shop makes a large sale for $1,500 on June 30. The customer is sent a statement on July 5 and a check is received on July 10. The flower shop follows GAAP and applies the revenue recognition principle. When should the $1,500 be recognized
Answer:
June 30
Explanation:
As per the revenue recognition principle, the revenue is recognized when it is earned or realized that means service is performed but the payment is not made at the time of providing the service.
It is not get impacted when will be the cash received.
So, in the given case, the large sale is made on June 30 and on June 30 the revenue would be recognized.
With respect to the types of information systems used in organizations, financial, operations, and human resource management is an example of a(n) ________ system.
Answer:
Enterprise Resource Planning (ERP)
Explanation:
ERP is a "business process management(BPM) software" that allows an organization to
use a "system of integrated applications" to handle the business Provide automation to back office operations pertaining to a) technology b) services c) human resources.a "centralized system" that integrates many functionConnect applications related to procurement, sales, HR, planning, finance or analytics, customer relations or any connected application functions.
keep track of "day-to-day business transactions"One of the competitive dimensions that form the competitive position of a company when planning their strategies is making the best trade-off.
Answer:
False
Explanation:
Competitive priorities are those operational dimensions that are crucial in the value chain so that the company is competitive enough. To achieve a large market share, it is necessary to focus on the competitive capabilities that add value to the product or service offered by the company.
When we talk about competitive capabilities we are referring to those key strengths that have a great impact on what you offer, these are the following:
- Cost
- Quality
- Weather
- Flexibility
Each of these key points have competitive priorities or dimensions to which the company must choose the best one that fits according to their needs, taking into account the impact generated by each of them.
An investment of cash by stockholders into the business will
Answer:
Increase shareholder's equity
Explanation:
When investors provide cash(capital) to a business through purchasing the company's shares, this increases the amount of their ownership hence increases the equity. Equity amount is recorded in the balance sheet. Another way a company raises capital is by borrowing debt which increases the amount of its liability.
An investment of cash by stockholders significantly impacts a company by providing essential capital for growth, without the obligation to repay. This method attracts investors looking for high returns but involves various costs and compliance requirements.
Explanation:An investment of cash by stockholders into the business will typically have a significant impact on a company's finances and operations. This action can provide the company with the necessary capital for expansion, operation improvements, or implementing new strategies for growth. By issuing stock, a company can access large amounts of capital without the need to repay the principal amount or make regular interest payments, unlike debt financing. Venture capitalists and other investors often provide this capital injection, attracted by the potential for high returns through dividends or capital gains. However, this method also involves costs such as those for investment bankers, legal fees, and compliance with regulatory bodies like the Securities and Exchange Commission (SEC). Therefore, it plays a crucial role in financing business operations and facilitating future growth, making it a fundamental concept in business studies and finance.
Vaughn Corporation acquires a coal mine at a cost of $460,000. Intangible development costs total $115,000. After extraction has occurred, Vaughn must restore the property (estimated fair value of the obligation is $92,000), after which it can be sold for $184,000. Vaughn estimates that 4,600 tons of coal can be extracted. If 805 tons are extracted the first year, prepare the journal entry to record depletion. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Depletion expense A/c Dr $84,525
To Accumulated depletion A/c
(Being the depletion expense for the first year is recorded)
Explanation:
The journal entry is presented below:
Depletion expense A/c Dr $84,525
To Accumulated depletion A/c
(Being the depletion expense for the first year is recorded)
The computation is shown below
First we have to compute the depletion per ton which is calculated below:
= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)
= ($460,000 + $115,000 + $92,000 - $184,000) ÷ (4,600 tons)
= $105
Now if 805 tons are extracted in first year, so the depletion would be
= 805 tons × $105
= $84,525
Which of the following is an example of a financial market?
A. A local coffeehouse where people regularly buy and sell financial instruments.
B. A bank that only accepts deposits and issues loans.
C. An electronic network used for buying and selling textbooks.
D. A central bank used for raising taxes and borrowing on behalf of the government.
Answer:
A. A local coffeehouse where people regularly buy and sell financial instruments.
Explanation:
A local coffeehouse where people regularly buy and sell financial instruments is an example of a financial market because by definition a financial market is a place where people buy and sell financial securities and derivatives at minimal transaction costs.
Although in the scenario above it is strange that the location is a coffee shop, however, what is actually essential is the fact that the activities that defines a financial market is taking place therein.
A financial market is a platform where individuals and institutions can buy and sell financial securities such as stocks, bonds, and derivatives.
Explanation:A. A local coffeehouse where people regularly buy and sell financial instruments is an example of a financial market. Financial markets are platforms where individuals and institutions can buy and sell financial securities such as stocks, bonds, and derivatives.
C. An electronic network used for buying and selling textbooks is not an example of a financial market. It is an example of an online marketplace for goods.
D. A central bank used for raising taxes and borrowing on behalf of the government is not an example of a financial market. Central banks are regulatory bodies that oversee monetary policy and regulate financial institutions.
Therefore, the correct answer is A. A local coffeehouse where people regularly buy and sell financial instruments.
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Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences.
The concept of a modern supply chain can be compared to more traditional distribution channels in terms of similarities and differences. Both aim to deliver goods to consumers, but modern supply chains rely on technology, integration, and globalization to improve efficiency and expand globally.
Explanation:The concept of a modern supply chain can be compared to more traditional distribution channels in terms of similarities and differences. Both modern supply chains and traditional distribution channels aim to deliver goods from producers to consumers. However, there are several key differences between the two.
Technology: Modern supply chains heavily rely on technology, such as advanced logistics software and automated warehouse systems, to track and manage inventory, streamline processes, and improve efficiency. Traditional distribution channels, on the other hand, often rely on manual processes and paper-based documentation.Integration: Modern supply chains are highly integrated and interconnected, with various stakeholders collaborating and sharing information in real-time. This allows for better coordination, faster response times, and improved visibility throughout the supply chain. In contrast, traditional distribution channels may involve multiple intermediaries, such as wholesalers and retailers, leading to slower and less efficient processes.Globalization: Globalization has significantly impacted modern supply chains, enabling companies to source materials and components from different countries and reach customers worldwide. This has increased complexity and the need for effective international logistics management. In comparison, traditional distribution channels were predominantly local or regional in nature.In summary, while both modern supply chains and traditional distribution channels aim to deliver goods to consumers, modern supply chains leverage technology, integration, and globalization to improve efficiency and expand operations globally.
What must a plaintiff show to succeed for employment discrimination on the basis of gender on a disparate-impact theory?
Answer:
In cases of disparate treatment brought under Title VII of the 1964 Civil Rights Act or the Age Discrimination in Employment Act (ADEA), complainants must claim that their employers viewed them less favorably because of the employee's membership in a protected class, such as race, gender or age.
Hilton Hotels has diversified its lodging brands by adding Curio Collection, Tapestry Collection, and Canopy by Hilton, properties that offer stylish, distinctive decors and personalized services that appeal to young professionals seeking distinctive lodging alternatives. Managers can enhance the differentiation of these new brands based on all of these value drivers except
A. pursuing continuous quality improvement.
B. striving for innovation and technological advances.
C. striving to create superior product features, design, and performance.
D. seeking out low-quality inputs.
E. increasing the intensity of marketing, brand building, and sales activities.
Answer:
The correct answer is D
Explanation:
Diversified is the term which is described as diverse or the varied. The hotels wants to have the different or varied brands so that the properties offer the personalized services, stylish and distinctive decors, which attract the professionals seeking the different alternatives.
So, in order to enhance the differentiation of the brands, the hotel should seek out or reach out the inputs which are of low quality.
Hilton can enhance brand differentiation except by seeking out low-quality inputs. Quality improvements, innovation, superior features, and increased marketing are beneficial, while low-quality inputs conflict with the differentiation strategy.
Explanation:Managers can enhance the differentiation of new Hilton Hotel brands such as Curio Collection, Tapestry Collection, and Canopy by Hilton by implementing several value drivers, except for seeking out low-quality inputs. Strategies like pursuing continuous quality improvement, striving for innovation and technological advances, and creating superior product features, design, and performance are effective in differentiating these brands and appealing to target customers like young professionals. Intensifying marketing, brand building, and sales activities are also crucial. However, seeking out low-quality inputs can be detrimental as it conflicts with the goal of providing differentiated and high-quality services that these brands are known for.
These concepts align with Michael Porter’s differentiation strategy where a firm seeks to offer unique attributes valued by customers. On the spectrum of differentiation, quality and variety play pivotal roles in distinguishing products and services in competitive markets. Differentiation can be achieved through vertical dimensions such as quality, where there is a general consensus on superiority, or horizontal dimensions like variety, which depend on personal preferences and do not necessarily imply better quality. Porter cautions against combining cost leadership and differentiation strategies, suggesting that striving for both could leave a firm 'stuck in the middle' with no clear competitive advantage.
Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic losses?
a. some firms exit, industry supply decreases, market price falls.b. some firms exit, industry supply decreases, market price rises.c. market price rises, some firms exit, industry demand decreases, market price falls.d. market price falls, some firms exit, industry supply falls.
Answer:
b. some firms exit, industry supply decreases, market price rises.
Explanation:
A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.
If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.
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Once a company has prepared an adjusted trial balance it is ready to prepare financial statements. Which financial statement is prepared first, second, then third?
a. First the income statement is prepared, then the retained earnings statement is prepared, finally the balance sheet is prepared.
b. First the balance sheet is prepared, then the retained earnings is prepared, finally the income statement is prepared.
c. First the income statement is prepared, then the balance sheet is prepared, finally the retained earnings statement is prepared.
d. First the retained earnings statement is prepared, then the balance sheet is prepared, finally the income statement is prepared.
Answer:
A
Explanation:
There is a sequence of preparing statements of financial statements because some statements use information from other statements of financial position. The income statement does not require information from any other statements. The retained earnings need information from income statement to calculate current retained earnings. The balance sheets require information from statement of retained earnings(retained earnings for this period).
The correct order after an adjusted trial balance is: first, the income statement, showcasing revenues and expenses; second, the balance sheet, presenting financial position; and finally, the retained earnings statement, detailing changes in retained earnings, ensuring consistency between operational performance and financial position.
The correct order for preparing financial statements after the adjusted trial balance is typically:
c. First, the income statement is prepared, reflecting a company's revenues and expenses over a specific period. Second, the balance sheet is crafted, presenting the company's financial position at a given point in time, showcasing assets, liabilities, and equity.
Finally, the retained earnings statement is created, outlining the changes in retained earnings over the accounting period. The retained earnings statement links the income statement and the balance sheet, showing how net income or loss affects the retained earnings account, ensuring consistency in the company's financial records.
This sequence allows for a logical flow from operational performance (income statement) to the overall financial position (balance sheet), culminating in retained earnings adjustments.
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A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not. True False
Answer:
FALSE
Explanation:
It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.
The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.
A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue
Estimates suggest that tens of thousands of people have died because the FDA withheld beta-blockers from the market while testing to determine whether the drugs were safe and effective. This is an example of:___________.
Answer:
Drug lag
Explanation:
Drug lag is considered to be a delay in the production of the drug for patients that are suffering from serious threat or disease.
it also referred to the lag time of the introduction of new drugs in the market. The market in the US, which once seen a drastic drag lag, has changed or improve because of improved regulatory policies.
Fred Hash worked for Van Stavern Construction Co. as a field supervisor in charge of constructing a new plant facility. Hash entered into a contract with Sutton’s Steel & Supply, Inc., to provide steel to the construction site in several installments. Hash gave the name of B. D. Van Stavern, the president and owner of the construction firm, instead of the firm name as the party for whom he was acting. The contract and the subsequent invoices all had B. D. Van Stavern’s name on them. Several loads were delivered by Sutton. All of the invoices were signed by Van Stavern employees, and corporate checks were made out to Sutton. When Sutton Steel later sued Van Stavern personally for unpaid debts totaling $40,437, it claimed that Van Stavern had ratified the acts of his employee, Hash, by allowing payment on previous invoices. Although Van Stavern had had no knowledge of the unauthorized arrangement, had he legally ratified the agreement by his silence? Discuss.
Answer:
Ratification by Principal One of the criteria for enactment is that all material truths involved in the transaction must be known to the Principal. Van Stavern was not aware of Hash's behaviour.
He did not realize that somehow the steel is being shipped under his name, and that the shipments were being billed him directly. Unlike liability through obvious authority, approval by the principal is a positive act by which he or she acknowledges the agent's illegal actions.
Just a principal would ratify; thus, Van Stavern was not directly imputed to information by the invoices and checks signed by Van Stavern's workers.
The court stated that the use of corporate checks was further proof that Van Stavern regarded the expenditures as business, not private. So Van Stavern could not be held personally liable.
Remember that on Sutton Steel that's not excessively harsh. Sutton understood it was working with a building company and did not seek to get the personal approval of the contract from Van Stavern.
Lawfully, Sutton's agreement in this case is called an unaccepted offer which can be withdrawn at any time.
Electronic surveillance may have only limited value in the investigation of employee frauds and many other white-collar crimes. Why?
Answer:
Concerns regarding employees' privacy in the work place. However, it is also useful in kickback types of schemes where law enforcement is involved. Also organizations have made strict control over electronic surveillance. However, organizations claim the electronic data as their own property and can be use to tap suspicious activities.
On July 1, the exchange rate between the Canadian dollar CAD and the US dollar USD is 1 CAD for .80 USD. On August 1, the exchange rate is 1 CAD for 1 USD. Over this period of time, we would say that ___________.
Answer:
Canadian Dollar has appreciated whereas US Dollar has depreciated.
Explanation:
The July 1 exchange rate,
1 USD = 0.80 CAN $
This means to buy 1 USD, we need 0.80 CAN $. This further means, USD is stronger currency and CAN $ IS weaker.
On Aug 1, the exchange rate is 1 USD = 1 CAN$
This means, now to buy 1 CAN $, one is required to pay 1 USD i.e more USDs than before. This means over the period of one month, the CAN $ has appreciated whereas US Dollar has depreciated over the period.
If the CPI was 207 in 2007 and 225 in 2011, what pay raise would someone who earned $50,000 in income in 2007 have to receive in order to keep her purchasing power constant in 2011
Answer:
=$4,348
Explanation:
To calculate expected increase in income between 2007 and 2011, the following steps will be undertaken
Step 1: Calculate the inflation difference between the 2007 and 2011 Consumer Price Index (CPI)
The formula for inflation rate = (CPI 2011 - CPI 2007)/CPI 2007 x 100
CPI for 2011 = 225
CPI for 2007 = 207
Inflation rate = (225-207)/207 x 100
= 18/207 x 100 = 8.696%
Step 2: Multiply the inflation rate and the earnings in 2007 to get the raise required to keep her purchasing power constant
= 0.8696 x $50,000
=$4,348.
The management function of __________ is being perfomed when a retail manager measures daily sales in the women’s apparel department and compares them with daily sales targets.
Answer:
controlling
Explanation:
Controlling can be described as the manager's main functions. To work out expected outcomes from the coworkers a boss must exert administrative control over the subordinates ' actions.
In other terms, the purpose of the role controlling can be interpreted as maintaining that an institution's operations are carried out as per the schedules. Controlling often means that the tools of an entity are used efficiently and effectively to accomplish set objectives.
It is a component that draws the management swing back to the feature of planning. Thus, the controlling feature acts as a mechanism to help to find out how actual performance deviates from standards and also finds the cause of deviations and attempts needed to take corrective actions based on the same thing.
Investigator perceptions and interpretations of body language may not be admissible in court; therefore, they are basically worthless as evidence.
Answer:
TRUE
Explanation:
It is true that investigator perceptions and interpretations of body language may not be admissible in court; therefore, they are basically worthless as evidence. Although body language could be suspicious and indicative of 'lying' it does not constitute nor meet the definition of evidence.
For something to be an evidence to be admissible in court, then it must be relevant material value .
Furthermore, it has to be:
Real: This implies that it should be a tangible thing such as a weapon
Demonstrative: This implies that it should be a model of what has happened , with time and place being specific
Documentary: This implies that it should be a letter or other written or posted document.
Testimonial: This implies that it should be the testimony) of the witness
If Trish wants to be the best she can be as a firefighter due to an internal desire to master the skill, she is demonstrating _____ motivation.
Answer:
Trish is demonstrating competence motivation.
Explanation:
Competence motivation is a type of motivation that arises from the need of an individual to master a task. Such an individual is usually involved in self development and uses creativity to overcome obstacles and solve problems.
Trish is therefore demonstrating competence motivation.
"The correct term to fill in the blank is ""intrinsic.""
Intrinsic motivation refers to behavior that is driven by internal rewards. In the context of Trish's desire to master the skill of firefighting, her motivation is intrinsic because it comes from within herself rather than from external pressures or rewards. She is motivated by her own passion for the job and the personal satisfaction she gains from mastering the skills required to be a firefighter. This contrasts with extrinsic motivation, which would involve external factors such as salary, benefits, or recognition from others as the primary drivers of her behavior. Trish's internal desire to excel in her role as a firefighter is a clear example of intrinsic motivation."
The price of one country's currency in terms of another country's currency is known as the _____. A. money exchange B. currency fluctuation C. balance of payment D. dollar rate E. exchange rate
Answer:
E. exchange rate
Explanation:
The exchange rate, also known as foreign exchange, is the price of a country's currency in relation to currencies of other countries. The exchange rate value is expressed in relation to the value of another currency. The exchange rate value fluctuates depending on factors such as the prevailing economic condition in the country, and the demand and supply of the currency in foreign exchange markets.
The exchange rate is a critical factor in international trade. A strong currency symbolizes a healthy economy, but it also makes a country exports expensive. For such reason, governments analyses and manipulates the exchange rate to favor their economic objectives.
When the money market is drawn with the value of money on the vertical axis, as the price level increases, the value of money _________.a. decreases, so the quantity of money demanded increases. b. increases, so the quantity of money demanded increases.
Answer:
a. decreases, so the quantity of money demanded increases
Explanation:
When the value of money decreases there will naturally be high demand for money because the opportunity cost of holding cash is very low.
The opportunity cost of holding money is the interest that is forgone, when price level increases, the value of money falls and the demand for money increases.
When the value of money increases as a result of high interest rate, it reduces our liquidity preference and the demand for money will decrease.