Answer:
1. How the nation allocates resources
Explanation:
Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.
For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.
So the discovery of economic changes will most likely influence how the nation allocates resources.
Answer:
1. How the nation allocates resources
Explanation:
Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.
For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.
So the discovery of economic changes will most likely influence how the nation allocates resources.
1. The costs of doing business through the sale of goods and services are called a. Net income b. Expenses c. Revenues d. Dividends
The costs of doing business, especially related to the sale of goods or services, are referred to as 'Expenses' in business finance.
In terms of business finance, the costs related with undertaking business, specifically generating and selling goods or services, are categorized as expenses. These can range from the direct costs linked with creating the product, such as material or labor costs, to more indirect costs like rent or salaries. Hence, the answer to your question is "b. Expenses".
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Cash balance per bank, July 31, $8,238. 2. July bank service charge not recorded by the depositor $58. 3. Cash balance per books, July 31, $8,274. 4. Deposits in transit, July 31, $3,610. 5. $2,926 collected for Sunland Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sunland Company. 6. Outstanding checks, July 31, $706
a. Prepare a bank reconciliation on July 31, 2017.
b. Journalize the adjusting entries for Sunland Company.
Answer:
the adjusted cash balance is $ 11,142
service charge expense 58 debit
cash 2868 debit
accounts receivables 2926 credit
--to record bank reconciliation--
Explanation:
CASH
Balance 8274
Service Charge -58
collection 2926
Adjusted Balance 11,142
BANK
Balance 8238
Outstanding Check -706
Deposit in transit 3610
Adjusted Balance 11,142
These lists provide information about two jobs. Which statement best compares the two jobs? Job A has a lower salary than job B, but the benefits make job A a more attractive pay package. Job B has a lower salary than job A, but the benefits make job B a more attractive pay package. Job A has a higher salary than job B plus benefits that make job A a more attractive pay package. Job B has a higher salary than job A plus benefits that make job B a more attractive pay package.
Answer:
Job B has a lower salary than job A, but the benefits make job B a more attractive pay package
The above mentioned statement best compares the two job
In the above statement we are taking into consideration two jobs A and B
the salary of the Job A is higher than the salary of Job B but the benefits enjoyed by the employee doing Job B makes its pay package attractive
Final answer:
The pay packages of two jobs must be compared by considering not only the salary but also the benefits and job characteristics, which may make a lower-paying job more attractive overall.
Explanation:
To compare the pay packages of two jobs, we must consider not only the salary but also the benefits and characteristics of each job. Worker A is more productive than worker B in both jobs, particularly in job 2. Job A offers a lower salary compared to job B, but the benefits and the nature of job A might make it more desirable overall. Conversely, Job B might have a higher salary, but this does not automatically make it the more attractive pay package without considering the comprehensive benefits and job characteristics. When choosing a job, one should weigh the benefits such as health coverage, the level of challenge, and engagement potential against the salary offered. An individual's choice is subjective and depends on their valuation of these aspects alongside their unique circumstances.
QuickBooks is an accounting application used by many large, multinational organizations. Group of answer choices True False
Answer:
False
Explanation:
QuickBooks is an accounting application that helps individuals, small scale, and medium sized businesses track their finances.
The main targets are not large multinational organisations.
QuickBooks is a way for enterpreneurs (with little accounting experience) to easily get their financial statements and reports in an easily understood format. Also the software reviews payments from various banks, making purchases and sales easier.
QuickBooks is an accounting application widely used by businesses of all sizes, from small-to-medium businesses (SMBs) to large, multinational corporations. Its utility is not confined to a specific size or type of business. It's the features, functionality, and ability to cater to various accounting needs that make it popular.
Explanation:The statement is partially correct. QuickBooks is an accounting application, but it is not limited to large, multinational organizations. It is utilized by businesses of all sizes, including small-to-medium businesses (SMBs), not-for-profit organizations, and freelancers, along with sizable, multinational corporations. The utility of QuickBooks is not confined to any specific size or type of business. Rather, it's the scope of its features, its functionality, and how it caters to the accounting needs that makes it widely used.
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Taobao, an Alibaba company, is a Chinese online shopping website similar to Amazon or eBay. When Alibaba goes public, Taobao shop owners will be able to sell their goods to customers in the U.S. and other countries. Taobao shop owners will be _________ their goods to other countries.
a. importing
b. licensing
c. exporting
d. countertrading
Answer:
c. exporting
Explanation:
The term export is used in trade to mean selling goods and services to customers located outside the borders of the seller's country. To export is to sell products and services outsides one's country. The trader, company, or country that is selling to other foreign nations is said to be exporting.
When Alibaba goes public, Taobao shop owners will be able to sell to customers outside their home country. They will be exporting to customers residing in other nations. Exporting contrasts importing, which refers to buying goods and services from other countries.
"Sally is a real estate broker. Among her acquaintances is a motel clerk named Tom who gives Sally the names of people moving to town. In exchange Sally pays Tom a stipend for the names. Tom does not hold a real estate license. Is this a legal practice?
Answer:
This is not a legal practice, since Tom needs a real estate license in order to refer any prospective buyers. The law is very clear about the fact that any action involving the procuring of prospects requires a license.
In real life, unless Sally tries to deduct from her taxes the stipend she gives Tom, no one will do anything about this. Even if she does try to deduct that money, the IRS will only reject her deduction. Information is extremely valuable for any business and Tom is a great source of information.
Which of the following refers to a process that first determines what information marketing managers need and then gathers, sorts, analyzes, stores, and distributes relevant and timely marketing information to system users? A. Database B. Marketing decision support system (MDSS) C. Marketing information system (MIS) D. Market research E. Market intelligence system
Answer:
c. Marketing information system (MIS)
Explanation:
Marketing information system (MIS) -
It refers to the management of the information to help the marketing decision making process , is referred to as Marketing information system (MIS) .
The information or the data is collected , stored and distributed accordingly , to make the process fast and efficient .
Hence , from the given information of the question,
The correct option is c. Marketing information system (MIS) .
Which of the following fundamental archetypes of leadership is most likely to take risks and action in a crisis? a. The Visionary–Alchemist archetype b. The Teacher–Mentor archetype c. The Revolutionary–Crusader archetype d. The Warrior–Knight archetype
Answer:
The warrior-knight archetype
Explanation:
The idea of an archetype occurs Throughout fields relevant to actions, historical psychology philosophy, and literature research.
The Warrior-Knight stereotype applies to a ruler, who goes against the opponent and directs change, as per the basic leader archetypes.
warriors also posses great leadership qualities with great might.
The Revolutionary–Crusader archetype is the most likely to take risks and act decisively in a crisis situation due to their continual drive for change, embrace of new ideas, and willingness to challenge the status quo.
Explanation:Among the given options, the Revolutionary–Crusader archetype is the one most likely to take risks and action during a crisis. This type of leader is characterized by their continual drive for change and improvement, their embrace of new ideas, and their willingness to take on challenges head-on. They have the capability to change the course of an organization's trajectory, especially in crisis situations.
In contrast, the Visionary-Alchemist archetype emphasizes vision and long-term transformation, the Warrior-Knight archetype focuses on protection and service, and the Teacher-Mentor archetype promotes learning and development. While all these archetypes have valuable traits, it is the Revolutionary-Crusader who is most inclined to risk-taking and decisive action in a moment of crisis.
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Jorge Ortega has been using a 10 percent capacity cushion, servicing 60 customers an hour. There is a good deal of customercontact, and customer service has been poor due to random fluctuations in demand. If he increases his capacity cushion to20%, what will be the new capacity requirement?
A. 60
B. 75
C. 80
D. 67
The current capacity for Jorge Ortega is approximately 66.67 customers per hour. Considering a 20% capacity cushion, the new required capacity should be approximately 83.33 customers per hour, which is not among the provided choices. It appears there might be an error in the question.
Explanation:The question requires us to calculate the new capacity requirement for Jorge Ortega when he increases his capacity cushion from 10 percent to 20 percent. The capacity cushion is the additional capacity that a business holds beyond its expected demand.
Currently, Jorge is servicing 60 customers an hour at a 10 percent capacity cushion. This means that out of his total capacity, 10 percent is just a buffer. Therefore, his total capacity should be 60 / 0.9 = 66.67 (approximately). To calculate the new capacity requirement with a 20 percent capacity cushion, we use the formula New Capacity = Total Current Capacity / (1 - Capacity Cushion Percentage). So, New Capacity = 66.67 / (1 - 0.2) = 83.33 customers per hour.
Therefore, the answer is not among the options provided. There might be a misunderstanding or mistake in the question.
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Jorge Ortega's new capacity requirement after increasing his capacity cushion to 20% will remain same, it is 67.
Explanation:When Jorge Ortega is using a 10 percent capacity cushion and he services 60 customers an hour, that implies his capacity is measured at 100 percent, thus 60 customers represent his 90% capacity (because the 10% is the cushion). To calculate his full capacity (100%), we divide 60 (90% capacity) by 90 and multiply by 100 which equals to approximately 67 customers (his full capacity).
Now, if Ortega wants to increase the capacity cushion to 20%, this would mean that his new servicing capacity (now 80% of the full capacity due to the increased cushion) must be determined. In turn, we calculate 80% of 67 which equals to approximately 53 – 54 customers. The remaining capacity (the 20% cushion) can be calculated by subtracting 54 from his full capacity of 67, which results in 13. Adding this to his servicing capacity (54), we get his new capacity requirement: 54 + 13 = 67
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Straight Arrow unloaded two tankers worth of toxic waste at an important port in the country of Urithmea. A hundred workers worked two days in their shorts and sandals to unload the barrels from the tankers for $5 a day. They were not told about the content of the barrels. Some observers felt that it was the obligation of not just the government of Urithmea but also of Straight Arrow to ensure that no harm was done to the workers. These observers are most likely
Answer: Rights Theorist
Rights Theorist that are worried about the rights of authorities and people. They also define obligations of the authorities and people as well. Freedom from obligations is only good when this act does not harm anyone. So they duty care is always applied on the human beings and corporations to work ethically and emphasize substantial duty of care to others to avoid any accidents to ensure safety precautions are adequate.
The Stogie Shop, a cigar store in the mall, sells handminus−rolled cigars for $10.00 and machineminus−made cigars for $2.50 each. What is the opportunity cost of buying a handminus−rolled cigar?
Answer:
4 machineminus−made cigars
Explanation:
Opoortunty cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If one buys a handminus−rolled cigars for $10.00, he forgoes the opportunity of buying $10 / $2.5 = 4 machineminus−made cigars.
I hope my answer helps you
ontribution margin is the difference between a. selling price and variable cost per unit. b. purchase price and variable cost per unit. c. selling price and fixed cost per unit. d. purchase price and fixed cost per unit.
Answer:
a. selling price and variable cost per unit.
Explanation:
The contribution margin is the share of revenue that a product contributes to pay for fixed costs and profits. The contribution margin can be calculated per unit or for an entire production. The total contribution margin is the margin for the entire product line or the business.
Calculating the contribution margin involves subtracting variable costs from the selling price. In other words, the contribution margin equals selling price minus variable costs. The concept of contribution margin assists management in determining break-even points and profitability at different production levels.
Car manufacturers have a large lead time on new products. If an idea for a feature on a vehicle is developed, it will likely be two years before consumers know about it and can decide if they want to buy it. Consumer trends are sometimes short lived as they are always evolving. Which external analysis element is a primary focus of car manufacturers?
a. Scanning
b. Monitoring
c. Forecasting
d. Assessing
Answer:
d. Assessing
Explanation:
External analysis refers to monitoring the environment of the industry to be able to identify opportunites and threats and take the necessary measures. This helps you to find out about events that may affect your company and that you can't control.
Scanning refers to gathering data about events.
Monitoring refers to observing an event over a period of time.
Forecasting is predicting changes in trends.
Assessing is evaluating the environment to find trends that can have consequences on your company.
According to this, the external analysis element that is a primary focus of car manufacturers is assessing because it allows them to find out about the trends in the market and make the right decisions to take advantage of them.
By what percentage did mydeco's revenues grow each year from 2010 to 2013?b. by what percentage did net income grow each year?c. why might the growth rates of revenues and net income differ?
Answer:
A) I can calculate by what percentage mydeco's revenues grew from 2012 to 2016.
total revenue 2012 = $402.5 million
total revenue 2016 = $606.4 million
change in revenue = ($606.4 - $402.5) / $402.5 = $203.9 / $402.5 = 50.66%
B) net income grew by:
net income 2012 = $18.1 million
net income 2016 = $27.4 million
change in net income = ($27.4 - $18.1) / $18.1 = $9.3 / $18.1 = 51.38%
C) For the years 2012 and 2016 the net income was very similar to total revenue, but that didn't happen during 2014 and 2015 since revenues increased, but net income decreased. The problem that mydeco faced during those years was that their costs, both COGS and sales and marketing costs increased by a much larger proportion than revenue. This is specially true for sales and marketing costs that increased almost 50% (between 2012 -2015) while revenues increased only 25%. Probably the company had to invest a lot of resources to rebound their sales since they plummeted in 2013.
To calculate the yearly growth rate, apply the formula: [(Final value - Initial value) / Initial value] x 100%. Differences between the growth rates of revenue and net income can exist due to factors such as increased costs or improved operational efficiency.
Explanation:In order to calculate the yearly growth rate for mydeco's revenues and net income, you need to know the actual numbers for these metrics for each year from 2010 to 2013. Once you have these numbers, apply the formula for growth rate: [(Final value - Initial value) / Initial value] x 100%. This gives you the annual growth rate percentage.
Differences between the growth rates of revenues and net income can occur for a variety of reasons. For example, there could be increased costs that the company incurred, such as higher material costs, wages, or taxes, which would increase revenue but not net income. An increased net income, but stagnant revenue could signify improved operational efficiency.
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Mary Nabholz travels the same way to work every day. She notices advertisements in store windows when the ads first go up. However, after a few days, Mary no longer pays any attention to these ads because they have become familiar. Which of the following is affecting Mary's response to the ads?
a. perceptual vigilance
b. perceptual defense
c. perceptual selection
d. adaptation
Answer:
The answer is D.This is called adaptation.
Explanation:
Answer:
Adaptation
Explanation:
Mary has seen the advertisements several times, so she has subconsciously adapted to them. She is no longer conciously seeing the advertisements.
Processing of the information is done automatically now by mind .
The Unearned Revenue account of Berry Incorporated began 2018 with a normal balance of $ 6 comma 000 and ended 2018 with a normal balance of $ 15 comma 000. During 2018, the Unearned Revenue account was credited for $ 20 comma 000 that Berry will earn later. Based on these facts, how much revenue did Berry earn in 2018?
Answer:
$11,000
Explanation:
The computation of the revenue earned in 2018 is shown below:
= Beginning balance of unearned revenue account + credit balance - ending balance of unearned revenue account
= $6,000 + $20,000 - $15,000
= $11,000
Simply we added the credit balance and deduct the ending balance to the beginning balance so that the correct amount could come
Janie must choose to either mow the lawn or wash clothes. If she mows the lawn, she will earn $30, and if she washes clothes, she will earn $45. She dislikes both tasks equally and they both take the same amount of time. Janie will therefore choose to ______ because it generates a ______ economic surplus.a. wash clothes, smaller b. mow the law; smaller c. wash clothes; bigger d. mow the lawn; bigger
Answer:
c. wash clothes; bigger
Explanation:
Janie values both activities the same way. Janie would choose to wash clothes because she would generate a higher income from it. The higher income increases her economic surplus.
Economic surplus is the sum of consumer surplus and producer surplus. It is the total welfare gained from undertaking a certain activity.
I hope my answer helps you.
You are writing a recommendation report on which vendor of audiovisual services to hire for your company's annual conference. The three vendors you considered are Adams, MicMasters, and Zenith. You concluded that Zenith was by far the best option, followed by Adams and then MicMasters, both of which were barely satisfactory. However, you have just learned that the top two managers at Zenith, with whom you met, have left the company. The personal service provided by these managers was a big factor in your positive assessment of the company. What recommendation should you make now?
Answer:
I suggest you delay your choice until you learn more of Zenith's current management
Explanation:
The management is just a position that doesn't carry the same character. Every manager carries different values and principles and one person might be satisfactory to you while another might not be. The new management may have some characters which might be off-putting to you and might ruin the company's conference. Best to go with what you know than what you don't.
Felix Corp. is a cookware manufacturer. It conducts market testing for a new appliance. JK Corp., a competitor of Felix, reduces its prices during the market test to prevent Felix from collecting accurate information. In this scenario, JK Corp. is engaging in a practice called _____.
A. scaling
B. pretesting
C. clustering
D. jamming
E. positioning
Answer:
This practice is called JAMMING.The answer is D.
Explanation:
A meat-packing company discovers that six months ago it unknowingly distributed meat froma humans consuming the meat however some scientists have cloned cow The firm is unaware of any specific risks to questions, and some consumers are afraid of possible future problems. The meat company has to decide whether or not to make this matter public How should begin the process of making an ethical decision?
a) brainstonm the available aternatives
b) find out who punchased the meat, and offer them nefunds in neturn for sheir slence
c) let the board of directors decide what to do
d) ask ts managers to vote for or against public daclosure
e) identity the issues raised by the stuation MacBook Air
Answer:
The correct answer is letter "E": identity the issues raised by the situation.
Explanation:
In front of a situation where the consequences are still unknown, an organization must track the places where the cause of the possible problem -in this case, the cloned cow meat- to find out if there are claims raised in those places. If so, the company must contact the individuals involved in the complaints and verify if the problem could have been created because of their fault. If that happened the casualties must be reduced to the minimum to avoid the company getting a bad image in the market that potentially could lead to lawsuits and losses.
Joy calls a mobile phone store to enquire about a new phone available in the market. The customer service operator sends him an e-mail about the product details along with other special specifications Joy requested. Which of the following types of contact points is illustrated in this scenario?
Select one:
a. Company created touch point
b. Intrinsic touch point
c. Extrinsic touch point
d. Unexpected touch point
e. Customer-initiated touch point Correct
Answer:
option e
Explanation:
Customer-initiated touch points refers to the ones that arise when an individual client of the company approaches the company. Anybody who has ever spent significant time in a sales role will testify, the most typically involve questions or complaints at these touch points.
They can happen on the mobile, via an online contact form, email or through social media. Whereas the company can not monitor when such touches happen, how they should be handled falls back, by systems, practices, training and culture, under the influence of administration.
The interaction between Joy and the mobile phone store is a customer-initiated touch point, with Joy initiating contact by calling and the store responding with detailed information via email.
In the scenario described, Joy's interaction with the mobile phone store falls under the category of a customer-initiated touch point. This contact began with Joy reaching out to the store to inquire about a new phone, and the customer service operator responding with an email providing the requested information. Customer-initiated touch points are characterized by the customer making the first move to connect with the company, seeking information, service, or support. These touch points are crucial for businesses as they present an opportunity to meet customer needs directly and build customer relationships. The fact that Joy initiated the contact by calling the store and subsequently receiving an email in response fits the description of a customer-initiated touch point perfectly.
Country A and country B produce the same consumption goods and capital goods and currently have identical production
possibilities curves. They also have the same resources at present, and they have access to the same technology.
a. At present, does either country have a comparative advantage in producing capital goods? Consumption goods?
b. Currently, country A has chosen to produce more consumption goods, compared with country B. Other things being
equal, which country will experience the larger outward shift of its PPC during the next year?
Answer:
a. No b. Country B
Explanation:
a. Two countries A and B have identical production possibility, they have the same level of resources and state of technology. Initially, neither of them will have a comparative advantage in the production of any of the goods.
b. When country A will chose more consumer goods, it will remain on the same curve. Country B, however, chooses capital goods, it will be able to produce more goods using those capital goods. So, its production possibility curve will shift outwards.
Which of the following is an example of a period cost Caesars Palace® may have? A. Salary expense B. Utility expense C. Advertising expense D. All of the abov
Answer:
D. All of the Above
Explanation:
Period costs are fixed cost of executive benefits/salaries and administrative benefit/salaries. It includes office rent and those interest expense that is not tied into the fixed asset. This fixed cost sometimes are broken out into more subcategories for selling activities like advertising and administrative activities.
The question above are examples of period costs than can be considered as general and administrative expenses, such as rent, advertising expenses , office depreciation, office supplies, and utility expenses.
________________ is dividing a market into distinct groups that (1) have common needs, and (2) will respond similarly to a marketing action.
Answer:
The correct word for the blank space is: Market Segmentation.
Explanation:
Market Segmentation refers to the efforts companies make to classify their consumers by age, gender, and income so the firm can specialize in a single sector of the market. By doing this, businesses can provide their target customers a tailored product that better matches their needs.
What similar issues appear to be addressed within both the Grange Ten Commandments and the Populist Party Platform?
Answer:
Immigration
Explanation:
Issues on immigration were addressed by both the Grange Ten Commandments and the Populist Party Platform.
Joe Jones, plant manager at Waco Industries, told a friend that if it was necessary, his plant could produce 1,000 items a day if all conditions were just right. Joe is describing his plant's:
a. Effective capacity.
b. Yield rate.
c. Utilization.
d. Maximum capacity.
Answer:
Correct option is (d)
Explanation:
Capacity refers to the amount of goods that a plant or organization can produce. Maximum capacity refers to the total number of goods produced at maximum efficiency.
In this case, Joe's plant could produce 1,000 items if all conditions are met, which means when the plant is at its highest efficiency. This states the maximum capacity of the plant.
Graciela, who is single, reported itemized deductions of $6,450 on her 2017 tax return. Her itemized deductions included $200 of state taxes paid. In 2018, she received a $150 refund of state taxes paid in 2017. What is the amount that Graciela needs to report on her 2018 tax return?
Answer:
$100
Explanation:
Since the standard deduction for 2017 was $6,350, and Graciela only reported $100 more, she needs to report only $100 of the state tax refund. State tax refunds are not considered income unless you itemize your deductions, and in case you did, like Graciela, you must only report the amount that exceeds the standard deduction.
Harriet is a fifth grader working on difficult math problems. When she solves one correctly, her teacher tells her that she's correct, and then adds, "You must be very smart to get that answer!" This comment is likely to encourage Harriet to ________
a. focus on performance goals.
b. focus on mastery goals.
c. keep working on problems, even if she gets the occasional wrong answer.
d. enjoy doing math for its own sake.
Answer:
The correct answer is A
Explanation:
Performance goals are the goals or objectives which are short term in nature and set for some particular duties or the tasks in the person current involvement. These goals are mostly related to the whole company goals or the particular department.
So, in this case, Harriet who is working on solving the maths problem and when she correctly able to solve one solution correctly, her teacher appraise her. Therefore, the comment is likely to encourage the her to focus on the performance goals.
The teacher's specific praise is encouraging Harriet to focus on performance goals. Her intelligence is being tied to her ability to solve problems correctly, which may reinforce her need to maintain an image of being 'smart'.
Explanation:When the teacher praises Harriet by saying 'You must be very smart to get that answer!', it is encouraging Harriet to focus on performance goals. Performance goals are about showcasing skills and intelligence, and these types of comments emphasize the success Harriet achieved, thereby reinforcing the idea of her intelligence being tied to her performance.
Had the teacher rather praised the effort or the persistence, it would have stimulated Harriet's mastery goals or made her more likely to keep working on problems, even if she gets the occasional wrong answer. However, with the current feedback focusing on her intelligence, Harriet is more likely to focus on sustaining her image as 'smart'.
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Ruben, the owner of Fitstem, a popular gym, analyzes the competition that the gym faces and understands the changing needs of its customers. To tackle competition, he tries to get all the latest equipment installed in the gym. He also takes frequent feedback related to service improvement from the gym's regular clients. In this scenario, which of the followings skills is Ruben most likely to possess?
Answer:
Conceptual skills
Explanation:
Conceptual skills is the term which is defined as the skill set that comprise of the communication skills, analytical and creative thinking. These skills are specifically vital for the managers as well as the leaders.
Under this situation, the owner analyze the competition which the gym faces and understands the needs of the customers. He also take the feedback as well. So, he is most likely possess the conceptual skills as he knows what is to be done in that situation.
The president, chief financial officer, and chief operating officer of Jensen Mfg. meet annually to discuss the direction of the company including what products they will continue to offer and what new products they will introduce. Which level of strategic management does this represent?
A. functional-level
B. task-level
C. corporate-level
D. business-level
Answer: C. Corporate-level
Explanation: Corporate-level strategy are strategies Implemented by most Corporations in order to set a strategic agenda for the organization. Most Corporate level strategy are meant to be implemented in all units and areas of a business organization. Corporate-level strategy are dynamic in nature,they can be changed based on prevailing market conditions which may pose some threat to the full Implementation of the strategy, Corporate-level strategy are also meant to last a long time.