Answer:
The correct answer is anchoring and adjustment heuristic.
Explanation:
It is a cognitive bias that describes the common human tendency to rely too much on the first piece of information that is offered when making decisions: the "anchor." It is also known as the "focus effect." During decision making, anchoring occurs when people use an initial piece of information to make subsequent judgments. Once the anchor is fixed, the rest of the information is adjusted around the anchor position incurring a bias.
For example, the initial price offered by a used car sets the standard for the rest of the negotiations, so prices lower than the initial price seem more reasonable even if they are still higher than what the car really is worth. Similarly if you ask about the population of Ukraine: "Is it greater than or less than one hundred million people?", The answers will vary, but in general they will be somewhat less than that figure. However, if the question were: "Is the population of Ukraine greater or less than twenty million people?", The answers will vary, but the average number of responses will not change much compared to the initial anchor. That is, it starts from the "anchor value" and an adjustment is made ... which is usually in the right direction but of insufficient magnitude.
The VP of Customer Experience at an international hotel chain is constantly looking for ways to improve customer service, whether it be at check-in, room service, concierge services, check-out, etc. This is important because customers generally evaluate companies and brands based on _________
Answer:
The correct answer is Points of interaction.
Explanation:
The term touchpoint refers to all the points of contact between the client and a brand “that imply an interaction with a human need, at a specific time and place” (Risdon, 2013).
If there is an interaction then there is also an exchange of value between the individual and the organization. And professionals in Customer Experience have to understand what kind of value flows. We must ensure that the perceived value is greater than the cost.
On the other hand, the fact that an interaction occurs before a specific human need tells us that we must know what drives it. The need is what marks the nature of the interaction. In other words, the design of an experience changes radically depending on the needs involved.
Companies and brands are often evaluated by customers based on their reputation. Good reputation, often built through positive customer experience and recommendations, allows businesses to charge higher prices for assured quality. An example of this is a well-established grocery store versus a temporary stand at a farmer's market.
Explanation:The customers generally evaluate companies and brands based on their reputation. Establishing a good reputation is of paramount importance as it contributes significantly to customer confidence in the company's products or services, and it may even allow the company to charge a higher price due to the assured quality.
For example, consider a well-established grocery store with a good reputation. This store can often charge a higher price than a temporary stand at a local farmer's market where the buyer may never see the seller again. The reliable quality and service associated with the reputation of the well-established grocery store justify the price difference for most customers.
It's important to note that a company's reputation is often built through repeat customers and their recommendations, which are directly influenced by the customer experience.
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If you are stopped by a police officer for driving without having all passengers under the age of 18 properly restraint, you can receive a citation and receive __________ on your driving record.A)5 points B)2 points C)4 points D)3 points
Answer:
D)3 points
Explanation:
When children are involved, seatbelt tickets may mean points.
You won't typically get points if cited for failing to wear your seatbelt, but in New York, if you are ticketed for having a child in the car under age 16 without a seatbelt, the violation adds 3 points to your driving record. A seatbelt ticket will raise your rates by an average of three percent
Johnson has his property listed with ABC Realty. On November 1, a fire causes considerable damage to the property. On November 15, Johnson rescinds the listing. On November 30, the broker was deemed by a judge to be incompetent. December 30 was the listing contract expiration date. On which date was the listing terminated?
Answer:
On November 1, the listing was terminated
Explanation:
According to the given n situation, the listing was terminated on November 1 because due to fire, it causes considerable damage to the property. As the property is damaged, so automatically the listing was canceled and terminated.
The date of rescinds the listing, the expiration date, and, the date at which the broker is incompetence is not relevant.
The U.S. Postal Service now offers a "Click-N-Ship" online service, where users can buy and print postage and labels online. According to the "Buyer Utility Map," the U.S. Postal Service is offering the _____ utility lever, during the _____ stage of buyer experience cycle.
A. risk, use
B. fun and image, maintenance
C.convenience, purchase
D. environmental friendliness, disposal
Answer:
C.convenience, purchase
Explanation:
convenience, purchase will be filled in the blanks.
Since, service is online and users can buy and print postage and labels online, the U.S. Postal Service is offering the Convenience to the users. Now, it would be easier for the customers to buy and print postage stamps. This done during the purchase stage of the buyer experience cycle.
Final answer:
The 'Click-N-Ship' service by the U.S. Postal Service represents the convenience utility lever during the purchase stage, aiming to enhance the buying process and reflect the digital shift in communication preferences.
Explanation:
The U.S. Postal Service's "Click-N-Ship" service is an example of the convenience utility lever being offered during the purchase stage of the buyer experience cycle. The Buyer Utility Map is a tool that helps to identify different types of utility levers that can be used to create value for customers across various stages of their experience. In this case, by allowing users to buy and print postage and labels online, the Postal Service is enhancing the convenience for customers during the purchase phase of their interaction with the service. This move could be seen as a response to the trend of digital transformation, where preferences shift from traditional methods, like snail mail, to digital communications. By making the purchasing process easier and more accessible, the Postal Service can address changes in demand and potentially improve its conversion rate.
Utica company's net accounts receivable was $250,000 at december 31, 2016, and $300,000 at december 31, 2017. net cash sales for 2017 were $100,000. the accounts receivable turnover for 2017 was 5.0, which was computed from net credit sales for the year.
Answer:
which was computed from net credit sales for the year. $1375000
Explanation:
AR turnover= Credit sales ÷ Average AR
5= Credit sales ÷ (250,000 + 300,000/2)
Credit sales = 5*(250,000 + 300,000/2)
Credit sales =1375000
Suppose that the central bank has increased the money supply such that there is an additional $ 689645 in excess reserves. If the reserve ratio is 9.0 percent, what is the maximum increase in money supply? Round your answer to the nearest dollar.
Answer:
[tex]increase\ in\ money\ supply=\frac{1}{0.09}\times 689645=$7662722.22[/tex]
Explanation:
We have given required reserve ratio = 9 %
Excess reserve = $ 689645
We have to calculate increase in money supply
Increase in money supply is given by
[tex]increase\ in\ money\ supply=\frac{1}{required\ reserve\ ratio}\times excess\ reserve[/tex]
So [tex]increase\ in\ money\ supply=\frac{1}{0.09}\times 689645=$7662722.22[/tex]
According to the SCOR model, supply chain management covers five broad areas including __________, which include everything from entering customer orders and determining delivery dates to storing and moving goods to the final destination.
Answer:
The answer is: Deliver
Explanation:
The Supply Chain Operations Reference model (SCOR-model) has been endorsed by the Supply Chain Council as the cross-industry standard diagnostic tool for supply chain management. Its a process that helps address, communicate and improve supply chain decisions both within a company and with its supplies and customers. It describes the processes required to satisfy customers’ demands.
It is based on five management processes:
Plan, Source, Make, Deliver: includes order management (receiving orders from customers and invoicing them), warehousing (management of finished inventories, assets, product life cycles) and transportation (management of transportation, importing and exporting requirements)Return.Suppose that workers in a country can produce either yams or potatoes, and that all inputs are equally well-suited to the production of both goods. If all workers produce yams, 40 million yams can be produced. If all workers produce potatoes, 20 million potatoes can be produced.
The opportunity cost of producing a potato is ______ yam(s).
The opportunity cost of producing a yam is ______ potato(es).
Suppose that there is an increase in resources that shifts the horizontal intercept to 40 million potatoes.
The opportunity cost of potatoes is now ____ yam(s).
Answer: (a) 2 yams
(b) 0.5 potato
(c) 1 yam
Explanation:
Given that,
In a country,
All workers produce yams, 40 million yams can be produced and if all workers produce potatoes, 20 million potatoes can be produced.
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
Therefore,
Opportunity cost of producing a potato = [tex]\frac{40}{20}[/tex]
= 2 yams
Opportunity cost of producing a yam = [tex]\frac{20}{40}[/tex]
= 0.5 potato
If there is an increase in resources that shifts the horizontal intercept to 40 million potatoes then,
Opportunity cost of potatoes = [tex]\frac{40}{40}[/tex]
= 1 yam
The opportunity cost of producing a potato is initially 2 yams and that of producing a yam is 0.5 potatoes. After an increase in resources, the opportunity cost of producing a potato becomes 1 yam, reflective of a 1:1 production possibility.
The question involves understanding the concept of opportunity cost in a nation's production possibilities. Opportunity cost is the value of what must be given up to obtain something else. Given that all workers can produce 40 million yams or 20 million potatoes:
The opportunity cost of producing a potato is 2 yams (since 40 million yams divided by 20 million potatoes equals 2).
The opportunity cost of producing a yam is 0.5 potatoes (since 20 million potatoes divided by 40 million yams equals 0.5).
If there is an increase in resources that allows for the production of 40 million potatoes, and still 40 million yams can be produced, the new opportunity cost of producing potatoes is 1 yam (since the ratio is now 1:1).
Donna manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Donna also oversees the daily tasks of the cashiers and front desk employees. Donna is a(n) ________ manager.
Answer:
First-Line
Explanation:
According to my research on roles and responsibilities within a business, I can say that based on the information provided within the question Donna is a First-Line manager. This is the management role right above non-managerial floor employees. First-Line managers are responsible supervising the employees, fixing work hour schedules, and solving customer problems that the employees cannot handle.
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Statements of Financial Accounting Concepts issued by the FASB Identify the conceptual framework within which accounting standards are developed. Have been superseded by SFASs. Are subject to approval of the SEC. Represent GAAP.
Answer:
The correct answer is Identify the conceptual framework within which accounting standards are developed.
Explanation:
The Financial Management Concepts Statement is a document issued by the Financial Accounting Standards Board (FASB) that covers general concepts of financial information. FASB is the organization that establishes the accounting standards and guidelines that make up GAAP. The purpose of the SFAC document is to provide an overview of accounting concepts, definitions and ideas. It is considered a prelude to the Financial Accounting Standards Statement (SFAS).
If supply is unchanged, but demand increases, we can conclude that the new equilibrium:
a. Quantity must increase but market price may fall, stay the same or even increase.
b. Price must fall but market quantity may fall, stay the same or even increase.
c. Price must increase but market quantity may fall, stay the same or even increase.
d. Quantity must decrease but market price may fall, stay the same or even increase.
e. Both market quantity and market price must increase.
Answer:
The correct answer is option e.
Explanation:
The supply in the given example is assumed to be unchanged. Supply being constant an increase in demand will cause the demand curve to shift to the right. This rightward shift in the demand curve will intersect the supply curve at a higher point. This will cause an increase in the price as well as quantity of output in the market.
So, option e is the correct answer.
By how much must a firm reduce its assets in order to improve ROA from 10% to 12% if the firm's operating profit margin is 5% on sales of $4 million? Assume that the reduction in assets has no effect on sales or profit margin
Answer:
ROA= 10% TA = 2.000.000
ROA=12% TA = 1.666.667
Reducction in assets 333.333
Explanation:
ROA=Net income/Average Total Assets
ROA = (net income / sales) x (sales / Total Assets)
ROA = Margin x Average total assets
10%=5%X(4000000/TA) 2,0 = 4000000/TA
12%=5%X(4000000/TA) 2,4 = 4000000/TA
ROA= 10% TA = 2.000.000
ROA=12% TA = 1.666.667
Final answer:
To improve ROA from 10% to 12%, the firm must reduce its assets by $333,333, assuming the reduction in assets has no effect on sales or profit margin.
Explanation:
To improve ROA (Return on Assets) from 10% to 12%, we need to first calculate the firm's net income and total assets before reduction. Given the firm's operating profit margin is 5% on sales of $4 million, the operating profit (=em profit margin × sales) equals $200,000 (=0.05 × $4,000,000). To achieve a 10% ROA, the total assets would be $2,000,000 (=$200,000/0.10), because ROA is calculated as net income divided by total assets.
To improve the ROA to 12%, with the same net income of $200,000, the new total assets would need to be $1,666,667 (=$200,000/0.12). Therefore, to improve the ROA to 12%, the firm must reduce its assets by $333,333 (=$2,000,000 - $1,666,667).
ABC Company's preferred stock pays a constant dividend of $2 per share in perpetuity (Zero Growth). If the required return is 8%, what price should you be willing to pay for the stock?
Answer:
Price per share of preference share = $25
Explanation:
Preference dividend is generally fixed, and does not change as there is a standard rate prescribed at the time of issue of preference shares.
Provided here is, dividend for preference shares = $2
Expected return each year = 8%
Expected growth = 0%
Thus, cost or price per share of preference stock = Dividend/Expected Return = $2/8% = $25 each share.
Michele had been working as an executive assistant to the president for nearly 25 years, so when she retired, no one had a good idea of all that her job entailed. Before Michele retired, Sharon sat with her for two weeks to observe her duties and ask her to explain all the functions she performs as executive assistant to the president. Sharon was performing a(n)
Answer: Job analysis
Explanation: Job analysis refers to the analysis performed for the placements of the job in an organisation. In simple words, it is focused on knowing the human requirements needed to perform a task.
In the given case, Sharon is trying to understand the know how of the job she is going to perform from Michele. She is trying to learn the functions she has to perform on her duties.
Hence we can conclude that Sharon is performing job analysis.
Instruments had retained earnings of $ 390 comma 000 at December 31, 2017. Net income for 2018 totaled $ 220 comma 000, and dividends declared for 2018 were $ 40 comma 000. How much retained earnings should Quartz report at December 31, 2018?
Answer:
The retained earnings should Quartz report at December 31, 2018 is $570,000
Explanation:
In this question, we apply the retained earnings equation which is shown below:
Ending retained earnings balance = Beginning retained earning balance + net income - dividend paid
= $390,000 + $220,000 - $40,000
= $570,000
The net income should be added while dividend should be deducted for finding out the ending retained earnings balance
Dailies is a large retail chain in New Jersey. Apart from selling to customers, Dailies supplies bread and vegetables to a large number of restaurants in and around New Jersey. Therefore, Dailies is engaged in _____ when selling to restaurants.A. wholesalingB. retailingC. merchandisingD. breaking bulkE. channel expansion
Answer:
The answer is: A) Wholesaling
Explanation:
Wholesaling is basically selling goods in bulk to smaller retailers, industrial or commercial companies, or other institutions that generally resell them in smaller quantities or as different processed goods. It is basically selling your product to anyone besides the final consumer.
In this example Dailies sells bread and vegetables to several restaurants, who later processes them into a different product (i.e. salad, sandwich) and sells them to their final customers.
Crest toothpaste targets different consumer _____ by offering different types of toothpaste for smokers than it does for children based on their differing needs and wants.- fragments- geographics- modules- exchanges- segments
Answer:
segments
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question the term being mentioned is called consumer segments. This term refers to the practice of dividing a customer base into different groups depending on specific aspects such as age, gender, interests, and habits.
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Answer:
Segments
Explanation:
Crest toothpaste targets different consumer segments by offering different types of toothpaste for smokers than it does for children based on their differing needs and wants.
Blake and Matthew are partners who agree that Blake will receive a $100,000 salary allowance and that any remaining income or loss will be shared equally. If Matthew’s capital account is credited for $2,000 as his share of the net income in a given period, how much net income did the partnership earn in that period?
Final answer:
The total net income earned by the partnership is $204,000. This was calculated by considering Blake's $100,000 salary allowance and the equal division of the remaining $4,000, of which Matthew's $2,000 share is a part.
Explanation:
To determine the total net income earned by the partnership in the given period when Blake will receive a $100,000 salary allowance and the remaining income or loss is shared equally between Blake and Matthew, we can set up a simple equation based on the information provided.
If Matthew's capital account is credited for $2,000 as his share, it means that after paying Blake's salary allowance, the remaining income is $4,000, since the remaining income is shared equally. Therefore, the total remaining income after Blake's salary is $100,000 (Blake's share) + $4,000 (divided between Blake and Matthew) = $104,000.
The total net income for the period is hence the sum of Blake's salary allowance and the remaining income, which is $100,000 + $104,000 = $204,000.
The net income earned by the partnership in that period is 104,000.
To determine the total net income earned by the partnership, we need to calculate the combined income shared equally by Blake and Matthew.
Given information:
- Blake receives a $100,000 salary allowance.
- Any remaining income or loss is shared equally between Blake and Matthew.
- Matthew's capital account is credited for $2,000 as his share of the net income.
Let X denote the total net income of the partnership.
Blake's share of the income after his salary allowance is:
X - 100,000
This remaining income is shared equally between Blake and Matthew. Therefore, Matthew's share is:
[tex]\frac{X - 100,000}{2}[/tex]
According to the problem, Matthew's capital account is credited with $2,000. This represents Matthew's share of the net income. So, we have:
[tex]\frac{X - 100,000}{2} = 2,000[/tex]
To find X , multiply both sides by 2:
X - 100,000 = 4,000
Now, solve for X :
X = 4,000 + 100,000
X = 104,000
Therefore, the net income earned by the partnership in that period is 104,000.
In the Sweet Action! supply chain, the flowers produce the nectar which is collected by the bees. The busy bees take this nectar and produce honey, which is collected by the beekeeper, who puts it in quart jars and supplies it to the baker. The baker produces a lovely array of confections, which are purchased by the local restaurant. The restaurant sells these confections to their loyal diners, who gleefully consume them and nag the chef for his recipe. Which of these statements about this supply chain is best?
A) The busy bees are a first-tier supplier of the local restaurant.
B) The beekeeper is a first-tier supplier of the local restaurant.
C) The baker is a first-tier supplier of the local restaurant.
D) The local restaurant is a first-tier supplier of the loyal diners.
Answer:
B) The beekeeper is a first-tier supplier of the local restaurant.
Explanation:
The first-tier supplier is one that provides parts and materials directly to a manufacturer of goods. In this case the beekeeper is the first-tier supplier and he supplies the honey in quart jars to the baker who makes the confections.
Final answer:
The baker is a first-tier supplier of the local restaurant in the Sweet Action! supply chain, providing confections directly to the restaurant. The correct option is: C) The baker is a first-tier supplier of the local restaurant.
Explanation:
In Sweet Action!'s supply chain, the correct option reflecting the relationship between the players in the chain is that C) The baker is a first-tier supplier of the local restaurant. In the supply chain, the flowers provide nectar collected by bees, which is then converted into honey by the beekeeper, and finally turned into confections by the baker. The local restaurant purchases these confections from the baker to offer them to their customers. Hence, the baker is directly supplying to the restaurant, making them a first-tier supplier.
Moreover, the beekeeper would be considered a second-tier supplier since their product, honey, is being used by the baker who then directly supplies to the restaurant. Similarly, the bees would be third-tier as they supply raw materials (nectar-turned-honey) to the beekeeper.
Use your completed Reading Guide to answer the question. What was a result of the rise of the railroad industry? The cost of shipping increased because of the expense of building railroads. A few large railroad companies eventually split into many smaller companies. Cities like Chicago prospered because they were railroad hubs. More people began to settle along the eastern seaboard.
Answer:
The rise of railroad industry led to the prosperity of cities like Chicago as they became railroad hubs.
Explanation:
The rise in railroad industry made the emergence of industries in the Northeast region. The railroad improved the transport system and made it cheaper to move goods from the point of manufacturing to the market thereby making businesses to flourish. Consequently, Chicago became an attractive destination for establishing businesses which made its population to grow significantly.
Ben is employed as a carpenter and his wife, Marilyn, is a self-employed consultant. Besides Ben’s salary, Ben and Marilyn own a condominium that they rent to tourists and do not use personally. This year they paid $2,200 for utilities in the condo. Marilyn also paid self-employment tax of $4,200 and Ben had $3,000 of Social Security taxes withheld from his pay. Which of the following is a true statement?A. one-half of Ben's Social Security tax is deductible for AGI
B. The cost of utilities is deductible for AGI
C. Marilyn's self-employment tax is not deductible
D. Only the $2,200 utility bill is deductible for AGI
E. None of the above is true
Answer:
B. The cost of utilities is deductible for AGI
Explanation:
The entire cost of the utilities would be for AGI deduction assuming no personal use of the condo. The employer portion of Marilyn's self-employment tax would be deductible as well.
Adjusted gross income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable. It is the starting point for calculating a filer's tax bill in the United States and, among other things, is the basis for many deductions and credits. When filing your taxes online—as about 80% of filers do—the software you use will calculate your AGI for you.
Which of the following environments contains factors suitable for economic growth? well-functioning markets, specialization in one's comparative advantage, and good health care systems well-functioning competitive markets, property rights, and firm creativity development of physical and human capital per worker, and technological advancement All of the answers are correct.
Answer:
All of the answers
Explanation:
Economic growth refers to the growth of the economic system of the country. Several factors are responsible for the growth of the economy. Economic growth helps in the up-gradation of the national; income and increase in the employment of the country. Also, the standard of the living of the people enhances with the increase in economic growth.
Economics
A. assumes irrationality if people are paid enough.
B. assumes individuals are rational and respond to different incentives.
C. assumes government involvement in the economy is always beneficial.
D. assumes individuals really have no choices other than what society imposes on them
Answer: The answer is B
"In the late summer of 2005 some regions of the country were suffering from drought. What effect would we expect this to have on the stock of companies such as John Deere that manufacture farm equipment?
Answer:
The answer is: You would expect a lower stock price.
Explanation:
Since John Deere´s main business is manufacturing and selling farming equipment you would expect its sales to rise when farmers are having a successful business year. But when farmers are having a very harsh and bad economic year then you would also expect John Deere´s sales to fall.
If your clients are suffering from a drought that means they will probably lose money or in a best case scenario earn a smaller profit. So they will have less money to invest in new equipment which results in lower sales for companies like John Deere. If John Deere´s sales are lower, they themselves will have a bad economic year so it is logical to assume that their stock price will fall.
A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. The firm makes 10 percent of its sales for cash, collects 40 percent of its sales one month following the sale, and collects the balance two months following the sale. The firm's total expected cash receipts in January is ________.
a. are $700b. are $2,100c. are $1,900d. cannot be determined with the information provided
Answer:
b. 2,100
Explanation:
On January will be collected: a) 10% January´s sales because is collected in cash; b) 40% December´s sales because is collected one month following the sale, and 50% November sales because the balance is collected two months following the sale.
So we can calcula like follows:
Expected cash receipts in January = (4,000 * 0.10) + (3,000 * 0.40) + (1,000 * 0.50)
Expected cash receipts in January = 400 + 1,200 + 500
Expected cash receipts in January = 2,100
To calculate the firm's total expected cash receipts in January, we need to determine the amounts collected for cash sales, one-month following sales, and two-months following sales.
Explanation:To calculate the firm's total expected cash receipts in January, we need to determine the amounts collected for cash sales, one-month following sales, and two-months following sales. Given that the firm makes 10% of its sales in cash, we can calculate this as $1,000 * 0.10 = $100. For the one-month following sales, we can calculate this as $3,000 * 0.40 = $1,200. And for the two-months following sales, this would be the remaining balance, which is $3,000 - $1,200 - $100 = $1,700. Therefore, the firm's total expected cash receipts in January is $1,100 + $1,200 + $1,700 = $3,000.
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Several years ago, O’Leary’s Manufacturing purchased a new machine with an 8-year expected life for $68,400. On its current balance sheet, O’Leary’s lists accumulated depreciation on the machine at $51,300. Based on this, how much has the company expensed over the life of the asset? A : $51,300 B : $8,550 C : $17,100 D : $68,400
Answer:
Based on this, how much has the company expensed over the life of the asset? A : $51,300
Explanation:
Cost Annual Dep. Accum. Expense Accum. Depre
Year 1 68400 8550 8550
Year 2 8550 17100
Year 3 8550 25650
Year 4 8550 34200
Year 5 8550 42750
Year 6 8550 51300
Answer:
A) 51,300
Explanation:
Accumulated depreciation represents how much O’Leary’s Manufacturing has recorded over the years up to the current accountable period in expense. This is because on every accountable period the expense (Depreciation) is accumulated in this contra-asset account.
Type of management function:
Chairman Leonard Riggio reassured Barnes and Noble employees that he was working to save the organization when he announced that he was thinking about gathering investors to buy the company's bricks-and-mortar stores, taking it private.
a. Planning
b. Organizing
c. Leading
d. Controlling
Answer:
c. Leading
Explanation:
According to my research on different types of management functions, I can say that based on the information provided within the question the function being exercise in this situation is called Leading. This is when a manager or important figure in a company tries to influence or motivate employees to better achieve the organizations goals. Which is what Leonard Riggio is doing by speaking to the employees about taking the store private.
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High transaction costs will tend to a. reduce the number of mutually beneficial exchanges. b. lead to more specialization in accordance with the law of comparative advantage. c. increase the total gains from trade. d. increase the number of mutually beneficial exchanges.
Answer: Option (a) is correct.
Explanation:
Transaction costs are considered as a barrier or obstacle to trade between the nations. High transaction costs are generally occured because of the geographical proximity. Geographical proximity refer as the distance between the two nations. The larger the distance between the two nations, the larger will be the transaction costs. Therefore, higher transaction costs directly affects the trade between the two countries because it will become expensive for the nation.
Hence, this will reduce the number of mutually beneficial exchanges.
Stockholder’s equity is divided into which two parts?
a) cash and inventories
b) long-term investments and short-term liabilities
c) common stock and retained earnings
d) intangible assets and plant, property, and equipment
Answer: Option C
Explanation: In simple words, the amount of assets that remain in the hands of the company after all the liabilities and obligations are met is called the stockholders equity. It is the amount of funds in the company on which the owners have their right.
The stockholders equity is divided into two parts, common stock and retained earnings. Common stock is the amount of shares of the company that are owned by the individuals. Retained earnings refers to the amount of profit left with the company after paying all dividends and interest.
A project team member is talking to another team member and complaining that many people are asking him to do things. If he works in a functional organization, who has the power to give direction to the team member?A. The project manager
B. The functional manager
C. The team
D. The PMO
Answer:
B. The functional manager
Explanation:
According to my research on organization roles and responsibilities, I can say that based on the information provided within the question the role that has the power to give direction to the team member is the functional manager. This role is the team members's boss and probably also the project managers's boss, therefore it gives them directions.
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In a functional organization, the functional manager has the power to give direction to the team member.
Explanation:In a functional organization, the functional manager has the power to give direction to the team member. In this type of organization, employees are grouped based on their specialized skills or functions, and the functional managers are responsible for overseeing these teams. So, if the project team member is facing multiple requests, it is the functional manager who can provide guidance and assign tasks.
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