The question that is in appropriate is that are intact cash receipts deposited daily in the bank?
Explanation:
In a company before performing the audit the document that is provided to the employers of the company before the audit is the internal control questionnaire
Intact cash receipts can be deposited daily in the bank and there will be major need for a company to deposit the money in the bank and hence this question is inappropriate
Reacting to increasing public criticism and FTC scrutiny in the 1970s, the ad industry established the ________ to monitor potentially deceptive advertising.
Answer: National Advertising Review Board
Explanation:
The foundation of the national advertising review board was established in the year 1971 by the advertisement industry for the purpose of monitoring the potential of the deceptive advertisement.
The main objective the National advertising review board is that it is one of the self-regulation industry.
The NAD ( NATIONAL ADVERTISING DIVISION) is one the industry that comes under the NARB ( National Advertising Review Board) as they appealing for the additional review in the decision making process.
Therefore, National Advertising Review Board is the correct answer.
Zion Company has assets of $600,000, liabilities of $250,000, and equity of $350,000. It buys office equipment on credit for $75,000. What would be the effects of this transaction on the accounting equation?
a. Assets increase by $75,000 and expenses increase by $75,000.
b. Assets increase by $75,000 and expenses decrease by $75,000.
c. Liabilities increase by $75,000 and expenses decrease by $75,000.
d. Assets decrease by $75,000 and expenses decrease by $75,000.
e. Assets increase by $75,000 and liabilities increase by $75,000.
Answer:
e. Assets increase by $75,000 and liabilities increase by $75,000.
Explanation:
The purchase of the asset (office equipment) on credit would result in the following entries;
Debit Office equipment $75,000
Credit Creditor $75,000
Being entries to recognize the purchase of office equipment on credit.
As such, asset increases by $75,000 while liabilities also increase by the same amount.
Option e.
The accuracy and reliability of information presented in a company's annual report, including its financial statements and their accompanying notes, is primarily the responsibility of _______
Answer:
the company's management.
Explanation:
The financial statements are reflected in reports and account for the situation that a company is going through in a certain accounting period. The two most common scenarios to which a document of this type usually leads us are already well known: the deficit or the surplus.
However, when it comes to preparing a report as such, few entrepreneurs, managers or business managers take the job of investigating the different types of financial statements that exist.
Although those responsible for its implementation are the administrative and financial team of the group, the legal and juridical responsible for the information presented in said report is the general management.
The selling concept holds that consumers will not buy enough of the organization's products unless the organization undertakes a large _________ and __________ effort.
Answer:
Persuasion and promotion effort
Explanation:
The selling comcept holds that consumers and businesses, if left alone, will ordinarily not buy enough of the selling company’s products. The organization must, therefore,n aggressively sell by persuasion and promotion effort. This concept assumes that consumers typically show buying resistance and must be jump started into buying. The company must have an arsenal of effective selling and promotional tools to stimulate more buying. Most firms practice the selling concept when they have excess stock. Their goal is to sell what they make rather than make what the market wants.
An entrepreneur borrows $300,000 today. The interest rate is 8%. Finally, the loan needs to be paid off in equal annual installments over the next 10 years, starting one year from today. How much will the entrepreneur have to pay each year?
The entrepreneur will have to pay approximately $445,903.23 each year for 10 years to fully repay the $300,000 loan with an 8% interest rate.
To determine the annual installment payments for the $300,000 loan with an 8% interest rate to be paid off over 10 years, we can use the formula for calculating the equal annual payments on a loan, which is known as an amortization formula. The formula for calculating the annual installment payment (PMT) is as follows:
[tex]\[PMT = \frac{P \cdot r \cdot (1 + r)^n}{(1 + r)^n - 1}\][/tex]
Where:
- [tex]\(P\)[/tex] is the principal amount (the initial loan amount), which is $300,000.
- [tex]\(r\)[/tex] is the annual interest rate expressed as a decimal, which is 8% or 0.08.
- [tex]\(n\)[/tex] is the total number of payments, which is 10 years.
Now, let's plug these values into the formula:
[tex]\[PMT = \frac{300,000 \cdot 0.08 \cdot (1 + 0.08)^{10}}{(1 + 0.08)^{10} - 1}\][/tex]
First, calculate the values inside the parentheses and the exponent:
[tex]\[PMT = \frac{300,000 \cdot 0.08 \cdot (1.08)^{10}}{(1.08)^{10} - 1}\][/tex]
Now, calculate the numerator and denominator separately:
Numerator:
[tex]\[300,000 \cdot 0.08 \cdot (1.08)^{10} \approx 300,000 \cdot 0.08 \cdot 2.15892567 \approx 516,666.80\][/tex]
Denominator:
[tex]\[(1.08)^{10} - 1 \approx 2.15892567 - 1 \approx 1.15892567\][/tex]
Now, divide the numerator by the denominator to find the annual installment payment:
[tex]\[PMT \approx \frac{516,666.80}{1.15892567} \approx $445,903.23\][/tex]
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Which type of distribution is used when the producer wants more than one, but fewer than all, of the intermediaries who are willing to carry its products?
A. exclusive
B. selective
C. intensive
D. administered
E. corporate
Answer:
B. selective
Explanation:
Selective distribution is the type of distribution used when the producer wants more than one, but fewer than all, of the intermediaries who are willing to carry its products?
Selective Distribution is a distribution strategy that is a midway or a blend between intensive and exclusive distribution because it involves using more than one, but lesser than all distributors, and this selection is done on the basis of the company's set of rules.
After pigs learned to pick up and deposit wooden coins in a piggy bank, the pigs subsequently dropped the coins repeatedly and pushed them with their snouts. This best illustrates the importance of ________ in operant conditioning.
Compete/Correct Question:
After pigs learned to pick up and deposit wooden coins in a piggy bank, the pigs subsequently dropped the coins repeatedly and pushed them with their snouts. This best illustrates the importance of ________ in operant conditioning.
a. conditioned reinforcement
b. latent learning
c. generalization
d. biological predisposition
Answer:
D, biological predisposition
Explanation:
Scientifically, Biological predisposition is when a subject, e.g; human, animal, plant, has internal qualities or characteristics that increases their chances of having or developing a condition.
Simply put, biological predisposition is the likelihood of a person.animal of plant to develop a condition.
In the case of the pigs, their biological predisposition to pick up and drop coins overtime caused them to push them with their snouts. This is possible bacaues of the genes the pigs inherited from their parents.
I hope this helps.
The current research on managerial skill points to four general management skills. Which of the following is NOT one of the four skills?A) Political B) Interpersonal C) Conceptual D) Scientific
Answer: (D) Scientific
Explanation:
According to the given question, the current research on the concept managerial skills is very important for improving the various types of management skills in an organization.
The scientific is not the managerial skills in an organization and the following are the four general management skills are:
Technical skillsConceptual skillsPolitical skills Interpersonal skillsThe managerial skills is important in an organization as it has the problem solving ability and also effectively manage the performance and the opportunity in an organization.
Therefore, Option (D) is correct answer.
Henry took an intelligence test and scored lower than he thought he should. He kept retaking the test, but he kept getting about the same score each time. This series of events indicates that the test was_____________.
Answer: Reliable.
Explanation:
If Henry took an intelligence test severally and still got the same score each time he wrote the test, it is a strong indication that the repeated value is his intelligence range and therefore indicates that the test is very reliable. An intelligent test is a test that seeks to determine a person's mental capacity.
Final answer:
The series of events indicates test was consistent and reliable.
Explanation:
The series of events described indicate that the intelligence test Henry took was consistent and reliable. Despite retaking the test multiple times, he consistently scored about the same each time. This suggests that the test accurately measured his intelligence and that his initial score was a true reflection of his abilities.
Thus, If Henry completed multiple intelligence tests and received the same score each time, this suggests that the test is very dependable as the repeated figure represents Henry's cognitive range. A test designed to assess a person's mental capacity is called an intelligent test.
Keogh Plans are characterized by all of the following EXCEPT (A)A retirement plan(B)Tax deferred earnings(C)Designed for employers who are sole proprietorships, partnerships and other unincorporated entities.(D)Tax free distributions
Answer:
D.
Explanation:
A Keogh plan is a special pension plan that is tax-deferred and only made available to self-employed individuals and strictly for retirement purposes. Therefore based on the information provided within the question it can be said that the it is characterized by all of the following except for Tax Free distributions. Mainly due to the fact that the earnings in the plan are tax deferred while still in the plan, but when distributed are not tax free.
Which of the following alternatives to specialization gives individual workers more to do and keeps each worker on the same job all the time without giving more authority over, and responsibility for, the work?
a. Job enlargement
b. Job rotation
c. Job enrichment
d. Work teams
e. V ertical job loading
Answer:
Job enlargement will give workers more to do means more challenging and interesting work will they will be on same job all the time without giving more authority over. as Job enlaargement is meant for motivating workers by increase the work but not giving promotion or authority.
In an example of _______, Vladimir is a manager at Auttowort Inc., an automotive plant in the United States. Auttowort has started expanding to other countries and is now sourcing 25 percent of its parts at a discounted rate from an automotive supplier in Brazil. It has also outsourced some of its operations to India. a. fiduciary responsibility. b. outplacement. c. competitive advantage. d. globalization.
Answer:
The correct answer is (D)
Explanation:
Globalisation is the most important factor that has led many firm and organisations to open their operation in other countries. Globalisation has increased the global market operations. This is an example of globalisation because the company is not outsourcing and getting their input materials from Brazil and assembling them. Globalisation has improved the quality standard because the best factor of production is now easily available.
Heinlein Assoc. accepted a two-year interest-bearing note for $1,000,000 on January 1, 2020. The note was accepted as payment for merchandise with a fair value of $1,000,000. The effective interest rate is 7%. Interest is paid at the end of each year.The cash collection on December 31, 2021, would be recorded as:________.
Answer:
Debit Credit
Cash 1,000,000
Note receivable 1,000,000
Cash 70,000
Interest receivable 70,000
Explanation:
At December 31 2021 it would be the end of maturity of the 2 year note so the note would be have to be paid in full, so Heinlein assoc will receive $1,000,000 in cash for the note. Also because it is the end of the year they will also receive 7% interest which is (0.07*1,000,000)= 70,000
The Heinlein Assoc will debit cash by 1,000,000 and credit the note receivable by the same amount and they will debit 70,000 cash and credit interest receivable by 70,000.
The cash collection for Heinlein Assoc. on December 31, 2021, would be a $70,000 interest payment, representing the annual interest of a two-year interest-bearing note valued at $1,000,000 with a 7% interest rate.
Explanation:Heinlein Assoc. accepted a two-year interest-bearing note for $1,000,000 on January 1, 2020, with an effective interest rate of 7%. Since interest is paid at the end of each year, the cash collection on December 31, 2021, would primarily consist of the second year's interest payment.
To calculate the interest for one year, multiply the principal amount ($1,000,000) by the interest rate (7% or 0.07). So the annual interest would be:
$1,000,000 × 0.07 = $70,000
Thus, the cash collection on December 31, 2021, would be recorded as a $70,000 interest payment.
States request assistance from other states through interstate mutual aid and assistance agreements such as:
A. Stafford Act
B. Emergency Management Assistance Compacts (EMACs)
C. Economy Act or other applicable authorities
D. Tiered Response
States request assistance from other states through interstate mutual aid and assistance agreements such as Emergency Management Assistance Compacts (EMACs)
Explanation:
EMAC, Emergency Management Assistance Compact-all aspects of mutual assistance compact which is at the core of the nation's program of mutual aid.
Since the 1950 Civil Defense and Disaster Treaty signed by the US, EMAC is the first treaty national disaster relief international. Convention. Convention. In 1996, 50 states have passed laws to become EMAC participants in their adoption and signing into statute, Columbia, Puerto Rico, Guam, US Virgin Islands and the Northern Mariana Islands.
A flexible and clear program allowing states to send personnel, supplies and resources to help in response and rehabilitation in other states provides assistance in Governor-declared emergencies or disaster areas.
On June 1, 2005, Yola Corp. loaned Dale $500,000 on a 12% note, payable in five annual installments of $100,000 beginning January 2, 2006. In connection with this loan, Dale was required to deposit $5,000 in a noninterest-bearing escrow account.
a. The amount held in escrow is to be returned to Dale after all principal and interest payments have been made. b. Interest on the note is payable on the first day of each month beginning July 1, 2005. c. Dale made timely payments through November 1, 2005. d. On January 2, 2006, Yola received payment of the first principal installment plus all interest due.
e. On December 31, 2005, Yola's interest receivable on the loan to Dale should be
At December 31, Year 1, Yola’s interest receivable on the loan to Dale is $0.
Explanation:Yola's interest receivable on the loan to Dale at December 31, Year 1, can be determined by considering the timing of payments. Dale made timely payments through November 1, Year 1, covering all interest due until that date.
As interest on the note is payable on the first day of each month beginning July 1, Year 1, the next interest payment would be due on December 1, Year 1, which falls after the last payment date made by Dale. Hence, by December 31, Year 1, there are no outstanding interest payments receivable from Dale.
Therefore, Yola’s interest receivable on the loan to Dale at this date is $0.
Complete question:
On June 1, Year 1, Yola Corp. lent Dale $500,000 on a 12% note, payable in five annual installments of $100,000 beginning January 2, Year 2. In connection with this loan, Dale was required to deposit $5,000 in a noninterest-bearing escrow account. The amount held in escrow is to be returned to Dale after all principal and interest payments have been made. Interest on the note is payable on the first day of each month beginning July 1, Year 1. Dale made timely payments through November 1, Year 1. On January 2, Year 2, Yola received payment of the first principal installment plus all interest due. At December 31, Year 1, Yola’s interest receivable on the loan to Dale is?
A man has $210,000 invested in three properties. One earns 12%, one 10% and one 8%. His annual income from the properties is $20,200 and the amount invested at 8% is twice that invested at 12%.(a) How much is invested in each property?12%=10%=08%=(b) What is the annual income from each property?12%=10%=08%=
Answer:
A)
first property= 40,000
2nd property=90,000
3rd property= 80,000
B)
annual income from first property= 4800
annual income from 2nd property= 9000
annual income from third property = 6400
Explanation:
So, we can form two equation.
first is, total amount invested in three properties is 210,000
A+B+C=210,000 eq (1)
A is the first property
B is the 2nd property
C is the 3rd property
2nd is, annual income from the property is 20,200
12%*A+10%*B+8%*C= 20,200 eq (2)
As, we have given
the amount invested at 8% is twice that invested at 12%.
it means C is the twice of A
so, the only way we can make A equal to C by multiplying 2 with A, otherwise both won't be equal.
so, 2A=C eq(3)
substituting eq 3 with eq (1) and eq (2)
then we get
A+B+2A=210,000
3A+B=210,000 eq(4)
And,
0.12A+0.10B+0.08*2*A=20,200
0.28A+0.10B=20,200 eq(5)
Finally,
3A+B=210,000
0.28A+0.10B=20,200
multiplying equation (4) with 0.10 then
0.3A+0.10B=21,000
multiplying -1 with equation (5)
-0.28A-0.10B=-20,200
Add them, we get -0.02A=-800
A=40,000
so, putting the value of A in eq (3)
then 2*40,000=C
C=80,000
putting the value of A and B in equation (1)
We get
B=90,000
2nd part of the question
12%*A= 12%*40,000so, income from A is 4800
10%*B=10%*90,00so, income from B is 9000
8%*C=8%*80,000so, income from C is 6400
When Scholastic Achievement Test scores (SATs) are sent to test-takers, the percentiles associated with scores are also given. Suppose a test-taker scored at the 55th percentile on the verbal part of the test and at the 48th percentile on the quantitative part. Interpret these results.a.This student performed better than 55% of the other test-takers on the verbal part and better than 52% on the quantitative part.b.This student performed better than 55% of the other test-takers on the verbal part and better than 48% on the quantitative part.c.This student performed better than 45% of the other test-takers on the verbal part and better than 52% on the quantitative part.d.This student performed better than 45% of the other test-takers on the verbal part and better than 48% on the quantitative part.
Answer:
(B)This student performed better than 55% of the other test-takers on the verbal part and better than 48% on the quantitative part
Explanation:
Percentile distribution classifies a population into 100 classes. Usually, the 1st percentile contains the lowest values, while the 99th percentile contains the highest values.
Accordingly, given that the test-taker scored at 55th percentile (verbal) and 48th percentile (quantitative), he would have scored better than 55% of the test-writers (i.e. better than the 1st to 54th percentile) in the verbal test, and better than 48% of the test-writers (i.e. better than the 1st to 47th percentile) in the quantitative test.
The student's 55th and 48th percentile scores on the verbal and quantitative parts of the SAT respectively mean that they performed better than 55% of test-takers on the verbal section and better than 48% on the quantitative.
Explanation:In the context of the Scholastic Achievement Test (SATs), the term 'percentile' is used to measure how well a student performed relative to others. If a student scored at the 55th percentile on the verbal part, this means they performed better than 55% of the other test-takers. Similarly, scoring at the 48th percentile on the quantitative part means the student performed better than 48% of test-takers. So, in this case, the correct interpretation is: This student performed better than 55% of the other test-takers on the verbal part and better than 48% on the quantitative part.
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Trends in twenty-first century health care in the United States are described as revolutionary by Longenecker and Longenecker (2014). Leaders will innovate and change toward preventive and wellness health care services because of which of these trends?
a. New laws and regulations from the Affordable Care Act (ACA) to cut costs and improve indicators of quality and staffing challenges.
b. Aging population, increased numbers of veterans with posttraumatic stress disorder (PTSD) and traumatic brain injury, pay-for-performance, focus on safety and quality, and medical homes
c. Advances in genomics, integrative medicine, and increased emphasis on evidence-based interventions
d. Advances in technology with HIE networks, personal health records, EHRs, and telehealth
e. Strain on emergency services, "never events," accountable care organizations, pay-for-performance, the Human Genome Project, and nurse shortages followed by a flood of new nurses have all affected and led to changes in the health care system over the last decade.
Answer: A. New laws and regulations from the Affordable Care Act (ACA) to cut costs and improve indicators of quality and staffing challenges.
Explanation: The modern and recent trends and legislation which dwell more on preventive medicine and make medical care available and affordable to the everyone will help to improve the overall well being of people.
ACA (AFFORDABLE CARE ACT) which people also call the ''Obama care'' was founded in the year 2010, through a Bill passed by 111th Congress of the United States is aimed that helping to subsidize health care and make it affordable to the poor.
Innovations towards preventive and wellness health care services are driven by trends such as the aging population, increase in chronic conditions, pay-for-performance, and a focus on safety and quality, alongside the implications of new healthcare laws from the Affordable Care Act. Preventative healthcare is being emphasized due to its potential to lower healthcare system costs; meanwhile, the healthcare industry is adapting efficiency methods including telemedicine and artificial intelligence.
Explanation:Leaders in health care are expected to innovate toward preventive and wellness health care services due to several trends as outlined by Longenecker and Longenecker (2014), amongst which aging population, increase in chronic conditions such as PTSD and traumatic brain injury, pay-for-performance models, a focus on safety and quality, medical homes, and the Affordable Care Act’s new laws and regulations that aim to cut costs and improve overall health care quality are pertinent factors. In this vein, the healthcare efficiency and standardization methods include integration of telemedicine, development of new roles for healthcare professionals, compliance with insurance mandates, and innovations such as artificial intelligence. This transition in the U.S. healthcare system is a response to the challenges of controlling high costs, providing basic medical care to everyone, and balancing the system to maintain quality care, access, and cost.
Moreover, progressive political perspectives stress the importance of preventative healthcare. These perspectives suggest a shift towards government-involved health systems that focus on healthy lifestyles, regular checkups, and maintaining healthy diets, which could help in mitigating the cost burden on the healthcare system. Lastly, an essential trend pushing healthcare towards prevention and wellness services is the recognition of the economic consequences of treating rather than curing long-term chronic illnesses, such as the opioid crisis being exacerbated by the preference for long-term treatments over cures for chronic pain.
Diana owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 less than Diana. Diana decides to lower her price and match CC's Bakery prices. What type of pricing strategy is Diana implementing?
Answer:
competitor-oriented pricing
Explanation:
competitor-oriented pricing is a technique for valuing in which a producer's value is resolved more by the cost of a comparable item sold by an incredible contender than by contemplation of purchaser request and cost of generation; likewise alluded to as Competition-Based Pricing.
For instance: a firm needs to value another espresso producer. The company's rivals sell it at $25, and the organization thinks about that the best cost for the new espresso producer is $25. It chooses to set this very cost without anyone else item.
Final answer:
Diana is implementing a competitive pricing strategy by matching her bakery's cupcake prices to that of her competitor, CC's Bakery. This approach is grounded in selecting prices based on competition, which can also align with the principles observed in perfectly competitive markets or strategies used by companies to adjust to cost changes.
Explanation:
When Diana decides to lower her prices to match those of CC's Bakery, she is implementing a competitive pricing strategy. This strategy involves setting a price point that is directly influenced by competitors' pricing rather than solely based on costs or demand. In the context of a perfectly competitive market, firms often select an output level where the Price equals Marginal Revenue (MR) equals Marginal Cost (MC), such as the example provided where a drop in price to $2.75 for a pack of frozen raspberries leads to a break-even point. Similarly, a messenger company experiencing a drop in gasoline prices may choose to increase its supply due to lower operating costs and the potential for higher profits.
In some cases, businesses may use predatory pricing to deter new firms from entering the market by setting prices exceptionally low, challenging the profitability and sustainability of competitors. However, Diana's strategy does not necessarily imply predatory intentions; her action might simply be a response to maintain market share and to remain competitive in her business environment.
Financial institutions Aa Aa Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institutions as investment banks, commercial banks, financial services corporations, credit unions, pension funds, life insurance companies, mutual funds, exchange traded funds, hedge funds, and private equity companies play a key role in facilitating these transfers. Identify the financial institution based on each description given in the following table: Description Financial Institution These government-chartered institutions accept deposits from savers and use the pool of deposits to provide loans, usually fixed-rate mortgages, to borrowers.
Answer:
Financial Institution:
-Saving and Loans Associations
-Investments Banks
-Commercial Banks
Explanation:
Financial institutions Aa Aa Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institutions as investment banks, commercial banks, financial services corporations, credit unions, pension funds, life insurance companies, mutual funds, exchange traded funds, hedge funds, and private equity companies play a key role in facilitating these transfers. Identify the financial institution based on each description given in the following table: Description Financial Institution These government-chartered institutions accept deposits from savers and use the pool of deposits to provide loans, usually fixed-rate mortgages, to borrowers.
The source of this question has only include one sub question
Description Financial Institution These government-chartered institutions accept deposits from savers and use the pool of deposits to provide loans, usually fixed-rate mortgages, to borrowers.
Financial Institution:
-Saving and Loans Associations
-Investments Banks
-Commercial Banks
The above are institutions that gather funds in terms of savings account, current account ,fixed deposit accounts and other charges to pull funds together. They make profit through investments in other vehicles like bonds, stocks, foreign Exchange. They lend out money to customers who financially buoyant to return the money lend out to them, through making collaterals and guarantors available.
When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You should ask the taxpayer if they had any other interest income.
Answer:
True
Explanation:
It is essential to know and ensure that the taxpayer lists all the sources of income before the Form 13614-C is being submitted. This is necessary for the calculation of the tax to be paid by the person. The taxpayer should also fill the Form 1099-INT and declare all other sources of income. The statement above is true.
Quake Inc., a software giant, outsources its customer relationship management amenity to Zeins Inc. The contract between the two firms requires Zeins Inc. to exclusively use tools supplied by Quake Inc. and also makes Zeins responsible for the maintenance of the tools. Identify the type of service in the above scenario.
Answer:
C) Infrastructure as a service
Explanation:
Infrastructure as a service (IaaS) is a business model where computer infrastructure is outsourced to another company, and that company is required to perform enterprise operations support. The latest trend in IaaS is cloud computing services, but it can also include data centers, servers, hardware, network components, etc.
A system of values and beliefs in an organization that reinforces the idea that providing the customer with quality service is the principal concern of the business is called __________________.
Answer:
Service culture
Explanation:
Service culture can simply be defined to be an organizational culture in which employees collectively think or work towards providing quality service whhich is the main aim of the business.
Cheers
A Quality Culture in an organization emphasizes the importance of customer satisfaction through principles like Total Quality Management and Continuous Improvement. It involves not just complying with standards like ISO 9000, but also cultivating a people-oriented environment that values fairness and respect.
A system of values and beliefs in an organization that reinforces the idea that providing the customer with quality service is the principal concern of the business is called a Quality Culture. This concept is deeply rooted in principles such as Total Quality Management (TQM) and Continuous Improvement (CI), which assert that quality service begins with the customer's needs and involves every employee in the pursuit of high-quality services or products. Quality Cultures incorporate clear vision and mission statements, value or philosophy statements, and often a quality statement or policy, emphasizing the organization's commitment to quality in alignment with customer satisfaction and continuous improvement.
In essence, a Quality Culture is about creating an organizational ecosystem that lives by the mantra of quality as a core value. This involves not just adhering to international standards like ISO 9000 but also fostering a people-oriented culture wherein fairness, supportiveness, and respect for individual rights are paramount. By prioritizing customer feedback and ensuring processes are in place for continuous refinement of products and services, businesses can sustain a strong Quality Culture that enables them to meet and exceed customer expectations consistently.
What is the incremental manufacturing cost incurred if the company increases production from 20,000 to 20,001 units?
Answer:
This question is incomplete, however, i can help you with some explanation that will assist you in solving the question
Explanation:
What is manufacturing cost
Manufacturing cost is the total cost of all resources used up in the process of producing goods. They divided into direct cost and indirect cost.
In other words the incremental cost of manufacturing an additional unit of goods can be referred to as the marginal cost.
Marginal cost is calculated by taking the total change in the cost of producing more goods and dividing that by the change in the number of goods produced.
I hope this helps you in answering your question
The incremental manufacturing cost is the additional cost incurred when production increases by one unit. It focuses on variable costs, not fixed costs. The calculation involves dividing the total variable cost by the total quantity produced but may vary due to efficiencies of scale or cost jumps at certain levels.
Explanation:In the field of business, the term incremental manufacturing cost refers to the additional cost incurred by a company when production volume increases by one unit. This does not consider fixed costs, as they remain the same no matter the volume of production. Instead, it is primarily concerned with variable costs.
To compute this, the company must understand its cost structure. For instance, if a company produces 20,000 units with a total variable cost of $100,000, then the incremental cost of the 20,001st unit is simply the total variable cost divided by the total quantity produced. In this case, the incremental cost will be $5 ($100,000/20,000).
However, this could vary if there are efficiencies of scale that change the variable cost at different levels of production, or if there are sudden jumps in cost due to factors such as mandatory maintenance after certain production levels. Therefore, understanding the specifics of the cost structure is key.
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Suppose Poland is producing on its production possibilities frontier, and it decides to increase the production of steel and decrease the production of vodka. The bowed-out production possibility frontier suggests that there will be a(n) _____ opportunity cost of producing more steel.
Answer:
Increasing
Explanation:
The production possibility frontier is a curve that shows all the two possible combinations of goods an economy can produce given its resocurces.
If an economy wants to increase production of one good, it has to decrease production of the other good ,therefore, the opportunity cost of production increases.
I hope my answer helps you.
_________ law forbids owners of businesses from monopolizing classes of resources and sets rules for how businesses can compete to obtain ownership in new resources.
Answer:
Antitrust laws
Explanation:
Antitrust laws or competition laws are statutes developed by the U.S. government in order to protect consumers from predatory business practices. They ensure that fair competition exists in an open-market economy.
Laverne took out a 26-year loan for $131,000 at an APR of 8.8%, compounded monthly, while Shirley took out a 26-year loan for $106,000 at an APR of 8.8%, compounded monthly. Who would save more by paying off her loan 15 years early?
Answer:
Please see explanation.
Explanation:
Both the Laverne and Shirley will save significant amount of money, if they decide to pay the loan after 11 years instead of 26 years but the Laverne will save more than the Shirley because the loan taken by the Laverne is $25,000(131,000-106,000) more than the Shirley.
Other terms of the loan i.e. interest rate, compounding and loan maturity periods are same, therefore these other terms will not affect the savings to be made on early payments.
Answer:
Laverne would save more, since she has $25,000 more in principle.
Explanation:
________is transferred to the front office system during registration when a guest is assigned a room and a folio is created for documenting charges and payments.
Answer:
Reservation Information
Explanation:
In hospitality business usually hotelier business, the reservation information is very valuable to the due registration of a guest as evidence that the guest is booked into the system.
Usually, the guest is asked to fill either online or manually, an information card to put in necessary details such as name, type of accommodation required, length of stay, payment by credit card or cash among others. These are the components of the Reservation information and this is done during registration.
The system put in place by the hotel will then transfer the information gathered to the front office system managed by the accounting department most times creating proper documentation for charging the customer based on the room service provided by the hotel.
General Motors, in order to achieve a 15 to 20 percent profit on its investment, prices its automobiles accordingly. This approach is called ________.A) value-based pricing
B) value-added pricing
C) cost-plus pricing
D) low-price image
E) target return pricing (break-even pricing)
Answer:
correct option is E) target return pricing
Explanation:
given data
to achieve profit = 15 to 20 percent
solution
when this company want to gain of profit = 15 to 20 percent by investments
they must have used here target profit approach
because the target profit price will be a focus on the amount of unit sold so that cost will cover the achieved predetermine profit amount
so that here correct option is E) target return pricing
Dianne wanted to understand why affiliation is so strong in religious cults. She decided to join the cult so that she could discover how members are recruited and how their group identification is strengthened. Based on this example, Dianne is using the ______ method to collect her data. a. participant-as-observer b. observer-as-participant c. complete observer d. complete participant
Answer:
d. complete participant
Explanation:
This is a fully integrated researcher, as though they were spies. The observer indulges completely with the participants and partakes in their practices. Participants are not aware of the observation and research being carried out, even if they interact fully with the researcher. The aim is to gain a deep understanding and familiarity with some group of people, their values, beliefs and way of life. The focus group is often a subculture of a larger society, such as a religious, professional or specific community group
Dianne is using the complete participant method to study religious cults by joining the group and observing its processes from within.
Explanation:In Dianne's case, she is using the complete participant method to collect her data. This method involves the researcher fully participating in the group or context they are studying, to the point that they become a regular member. As a complete participant, Dianne joined the cult to gain first-hand experiences and deeper insights into the group's affiliation and identification processes. This allows her to directly observe and analyze how members are recruited and how their group identity is strengthened.
Learn more about Complete Participant Method here:https://brainly.com/question/32611916
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