Answer:
Exclusive distribution
Explanation:
The retailer is asking Christian and julee to agree to exclusive distribution. Exclusive distribution is where an organisation chooses to make its items accessible to clients through a predetermined number of retailers or merchants. The term states to a sort of understanding between a maker a couple of go-between to give the items to shoppers in a particular geological territory.
ANSWER:
exclusive distribution
STEP-BY-STEP EXPLANATION:
Exclusive distribution is where an organization chooses to make its items accessible to clients through a predetermined number of retailers or merchants. The term alludes to a sort of understanding between a maker a couple of middle people to give the items to customers in a particular land are.
The word “exclusive” implies that the distribution is carefully defined and implemented by the producer through only one channel. Under this type of arrangement, the distributor chosen by the producer is the only one that owns the rights to sell the product. This term differs from other possible types of distribution that place the products in numerous different retailers and channels.
It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to diversify. The second is that mutual funds provide the skills of professional money managers who buy stocks they believe will be the most profitable and thereby increase the return that mutual fund depositors earn on their savings.
a. Economists strongly agree with both claims.
b. Economists are skeptical of both claims.
c. Economists are skeptical of the first claim, but strongly agree with the second.
d. Economists strongly agree with the first claim, but are skeptical of the second.
Answer:
The correct answer is d. Economists strongly agree with the first claim, but are skeptical of the second.
Explanation:
A mutual fund is an investment alternative that consists of contributions from natural and legal persons (called participants or contributors), to form equity for their investment in shares, debt instruments or fixed income, or a combination of both ( shares + fixed income). They offer a diversified investment alternative since they invest in numerous instruments at the same time. These instruments vary according to the type of fund and are defined by the investment policy regulated by the Superintendency of Securities and Insurance. They are managed by corporations called General Fund Administrators (AGF) that are chosen by the participants themselves. It is important to choose both the administrator and the type of fund based on what best suits each personal situation.
Only people that earn wages from an employer must complete a tax return.
True
False
The given statement is false.
The following information should be considered:
In the case when a person earns or not earning it is compulsory to file the tax return. As it is a necessary thing which need to follow.Therefore we can conclude that The given statement is false.
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When pay is made public, people evaluate how equitable their pay is in light of the pay other people are receiving. The problem in this case is that Dwight and Guillermo have found out that others are getting paid more than they do for the same work. What are they likely to do under these circumstances? Check all that apply.
A. Try to convince the coach to give them more money
B. Come to more practices
C. Quit the team
D. Attend fewer practices
Answer:
A , C, D
Explanation:
Answers:
A: Try to convince the coach to give them more money
C: Quit the Team
D: Attend fewer practices
When pay is made public, people assess the fairness of their pay relative to others. Dwight and Guillermo may try to convince the coach for a raise, attend more practices, or quit the team if they perceive the pay inequality as unjust.
Explanation:When pay is made public, people evaluate the equity of their pay in comparison to others. In the case of Dwight and Guillermo finding out that others are getting paid more for the same work, there are a few possible reactions:
Try to convince the coach to give them more money: They may approach the coach and present their case for a raise. Come to more practices: They may believe that attending more practices will demonstrate their commitment and performance, potentially influencing their pay. Quit the team: If they feel strongly about the inequity, they may decide to leave the team. Learn more about Pay equity here:
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Company C has a machine that, working alone at its constant rate, processes 100 units of a certain product in 5 hours. If Company C plans to buy a new machine that will process this product at a constant rate and if the two machines, working together at their respective constant rates, are to process 100 units of this product in 2 hours, what should be the constant rate, in units per hour, of the new machine?
A. 50
B. 45
C. 30
D. 25
Answer:
C. 30
Explanation:
If the first machine processes 100 units in 5 hours,
Number of units in 1 hour = 100/5
= 20 Units
In 2 hours, this machine would process
= 2 × 20
= 40 Units
Therefore where there are 100 units to be processed in 2 hours, the first machine would process 40 units in the given time
The new machine would have to process the remaining
Number of units to be processed by new machine
= 100 - 40
= 60 Units
If the machine is to process 60 units in 2 hours, constant rate, in units per hour, of the new machine
= 60/2
= 30 units per hour
In 2012 one dollar bought 100 yen. Assume that today one dollar buys 150 yen. An investor residing in the U.S. bought 100 shares of a Japanese company in 2008. Today the investor sold those Japanese shares. The price of each share did not change over that time period. However, the currency value changed.Did the U.S. investor in Japanese stock make or lose money over that time?
Answer: loss
Explanation:
assuming the price of the shares in the japanese company in 2008 is 1 yen to i shares which totals 100 yen.he bought it for a dollar. in the recent market the exchange is now 150 yen to 1 dollar. i.e 100 yen wud be equal to 0.6 dollars .
Manning Company purchased a factory for $120,000. The factory included land, a building, and equipment. The land contributes 40.8%, the building contributes 49.6%, and the equipment contributes 9.6% of the factory’s value. How much of the cost should be assigned to the building?
Answer:
$59,520
Explanation:
Data provided in the question:
Purchasing cost of the company = $120,000
Particular Contribution
Land 40.8%
Building 49.6%
Equipment 9.6%
Now,
The cost that should be assigned to the building
= Purchasing cost of the company × Percentage Contribution of Building
= $120,000 × 49.6%
= $59,520
The cost assigned to the building that Manning Company purchased is calculated by multiplying the total cost by the percentage that corresponds to the building, which equals to $59,520.
Explanation:The Manning Company purchased a factory for $120,000, with the building contributing 49.6% of the factory's value. To find out how much of the cost is assigned to the building, you would multiply the total cost of the factory by the percentage that corresponds to the building. In this case, it would be $120,000× 0.496 (49.6% in decimal form) which equals to $59,520. Therefore, the amount of the cost that should be assigned to the building is $59,520.
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Bay City Merchants Corporation has six shareholders, four of whom are members of the same family. All of Bay City's shareholders agree in writing to operate without shareholders' meetings. Under the Revised Model Business Corporation Act, this most likely warrants
a. no penalties or sanctions.
b. the imposition of a fine on Bay City.
c. the imprisonment of Bay City's shareholders.
d. the piercing of Bay City's corporate veil.
Answer:
A) no penalties or sanctions.
Explanation:
As long as Bay City Merchants operate correctly and there is no wrong doing or fraud committed, then there should be no problem if they decide to work without shareholders' meetings. Of course if problems start to occur, then a shareholder can request that this policy is changed. If problems are really severe and involve unethical or illegal practices, then the corporate veil would be pierced.
Under the Revised Model Business Corporation Act, Bay City Merchants Corporation's agreement among all shareholders to operate without meetings likely warrants no penalties or sanctions. This reflects an internal corporate governance decision and provided that it complies with the law, it does not typically breach corporate regulations.
Explanation:The question presents a scenario where Bay City Merchants Corporation has six shareholders, four of whom are members of the same family, and all shareholders agree to operate without shareholder meetings. According to the Revised Model Business Corporation Act, this action most likely warrants no penalties or sanctions. These agreements are often permissible provided they comply with the formalities of the corporation laws, such as having written consent from all shareholders. Moreover, corporations enjoy certain flexibilities including the limited liability of shareholders, which is restricted to their investment amount, and the ability for corporations to choose financing methods that are most suitable for their growth and operations.
Under the Revised Model Business Corporation Act, unanimous written consent to forgo official meetings can be lawful under certain conditions. This would not typically prompt the imposition of a fine, imprisonment, or piercing of the corporate veil—which is a legal action to hold shareholders personally liable for the corporation's debts and obligations. The shareholders' agreement to operate without meetings likely reflects an internal corporate governance decision which, as long as it is in compliance with the corporation's charter and state law, does not violate corporate regulations.
Inscribe, Inc. manufactures and sells pens for $ 5.00each. Cubby Corp. has offered Inscribe, Inc. $ 4.00per pen for a oneminustimeorder of 3 comma 600pens. The total manufacturing cost per pen, using absorption costing, is $ 1.00per unit and consists of variable costs of $ 0.80per pen and fixed overhead costs of $ 0.20per pen. Assume that Inscribe, Inc. has excess capacity and that the special pricing order would not adversely affect regular sales. What is the change in operating income that would result from accepting the special pricing order?
Final answer:
Accepting the special pricing order from Cubby Corp. would result in an increase in operating income of $11,520 for Inscribe, Inc. This is calculated by subtracting the total variable costs from the total incremental revenue generated by the order.
Explanation:
The change in operating income from accepting the special pricing order offered by Cubby Corp. can be calculated by first determining the incremental revenue from the order and then subtracting the incremental costs associated with producing the additional pens. Since Inscribe, Inc. has excess capacity, the fixed costs will not change, and the variable cost per pen is $0.80.
Incremental revenue is calculated as the offer price ($4.00) multiplied by the quantity of pens (3,600). Incremental costs are the variable costs per pen ($0.80) multiplied by the same quantity. The change in operating income will be the incremental revenue minus the incremental costs.
Incremental Revenue: $4.00 x 3,600 = $14,400
Incremental Costs: $0.80 x 3,600 = $2,880
Change in Operating Income: $14,400 - $2,880 = $11,520
Therefore, accepting the special pricing order would result in an increase in operating income of $11,520.
Suppose the government decides to raise the gasoline tax as a way of reducing air pollution and traffic congestion to their optimal levels. Which of the following describes why Pigovian taxes, such as gasoline tax, are unlike most other taxes?
a) Other taxes are typically used to cover general spending, but funds from corrective taxes can only be used to alleviate pollution
b) Corrective taxes bring the allocation of resources closer to the social optimum, and thus improve economic efficiency
c) Other taxes get passed on from businesses to consumers, whereas corrective taxes do not
d) Correct taxes alter incentives, whereas other taxes typically do not.
Answer:
The correct answer is option B.
Explanation:
A corrective tax is a policy used by the government to decrease negative externality. It is different from negative externality in the sense that it brings allocation of resources closer to the socially optimal level.
The imposition of tax on a product increases the cost of production of a commodity. This increase in the cost of production will cause the production of the product to decrease. As a result, a fewer quantity of the product causing externality will be produced.
So negative externality will be reduced and the economy will move closer towards economic efficiency.
What are the benefits of having strong corporate governance?
a. Managers and employees fear for their jobs; fear improves productivity.
b. There are no benefits to corporate governance, which is seen as an unneeded expense.
c. The ability to be strategically competitive and perform without risk of being ethically or legally exposed. d. One person has a large amount of power to make actions as quickly and riskily as necessary.
Answer: Option (C)
Explanation:
Here, from the given options the correct option is (C). Corporate governance is referred to as the system or method through which organizations are both directed by the employees at the top hierarchy and thus controlled by the shareholders. There are several benefits of having a strong corporate governance, the option (C) is one of them. Since the strong corporate governance induces the capability of performing strategically especially against the competition.
Jaffar (Jeff) Tabrizi is the owner and president of Tabrizi Oriental Rugs located in Toronto, Canada. He personally shops the world over, handpicks and orders authentic and beautiful handmade rugs, which he has shipped to Canada, where he sells them through his brick-and-mortar stores and through his www.tabrizi.com website. In terms of the marketing channel, Jeff is acting as a(n). a. consumer b. agent c. wholesaler d. brokerage firm e. middleman
Answer:
Jeff is acting as a "middleman"
Explanation:
A middleman acts as a link between producers and retailers or consumers. He delivers goods to the consumers at the right place and time.
Jeff, by shopping for handmade rugs all over the world and then selling in his stores and on his website, is acting as a "middleman" between the producers of the rugs and the consumers.
Westenhover City is a municipality that has governmental activities, business-type activities, a discrete component unit, and a blended component unit. Which of the following would not properly appear as a specific line item in Westenhover City's government-wide statement of activities? Select one: A. Revenues of the discretely presented component unit B. Revenues of the governmental activities C. Revenues of the blended component unit D. Revenues of the business-type activities
Answer:
The answer is letter C.
Explanation:
Revenues of the blended component unit.
Your boss asks you to email a spreadsheet that shows what the company owns and what it has borrowed (owes) at a fixed point in time and shows the net worth of the business. When sending the email, you MOST LIKELY will attach the file named ________.
Answer:
The balance sheet represents the total assets of the company and how they are funded, whether through equity or by debts.
Explanation:
Balanced sheet
A balance sheet is an annual report of finance that accounts at a particular time on the funds, debts or on equity of any corporation and lays the foundation of calculations for calculating return rates and determining its financial performance of the company.
The balance sheet represents the total assets of the company and how they are funded, whether through equity or by debts.
Answer: balance sheet
Explanation: In simple words, balance sheet refers to the financial statement that is prepared by the organisation to depict its market position at a specific point of time, generally at the end of the year.
In balance sheet, the accountant shows the amount of assets that a company owns at that point of time, and the liabilities and capital in the business.
In the given case, the boss wants us to show how much a company owns and owes at a fixed point. Hence we can depict that by using balance sheet.
The _____, authorized by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act is charged with writing and enforcing rules covering consumer financial products and services including mortgages, credit cards, payday loans, loan servicing, check cashing, debt collection, and others.A. Consumer Product Safety CommissionB. Consumer Financial Protection BureauC. American Federation of LaborD. Bureau of Public Debt
Answer: B. Consumer Financial Protection Bureau
Explanation:
The Consumer Financial Protection Bureau was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 and was a response to the 2007-2008 financial crisis which was followed by great recession. They are responsible for consumer protection in the finance sector and their functions include; writing and enforcing rules and regulations covering consumer financial products and services including mortgages, credit cards, payday loans, loan servicing, check cashing, debt collection etc.
In 2016, Sarah (who files as single) had silverware worth $10,000 (basis $6,000) stolen from her home. Sarah's insurance company told her that her policy did not cover the theft. Sarah's other itemized deductions last year were $2,000. She had AGI of $30,000 last year. In August of 2017, Sarah's insurance company decided that Sarah's policy did cover the theft of the silverware and they paid Sarah $5,000. Determine the tax treatment of the $5,000 received by Sarah during 2017.
a. $5,000 should be included in gross income.
b. Last year's return should be amended to include the $5,000.
c. None of the $5,000 should be included in gross income.
d. $2,900 should be included in gross income.
e. None of these choices are correct
Answer:
C) None of the $5,000 should be included in gross income.
Explanation:
During 2016, Sarah's itemized deductions (other than the stolen silverware) were only $2,000. If Sarah wanted to deduct the stolen silverware, she could have taken a casualty loss = $6,000 - $100 - $3,000 = $2,900. Her total itemized deductions would equal $2,000 + $2,900 = $4,900.
But during that year, Sarah should have opted for a standard deduction of $6,300 which is higher than her itemized deductions. That means that Sarah didn't claim any deduction for her silverware, so any money received from the insurance company should not be included in her gross income.
Final answer:
Option D is correct: $2,900 of the $5,000 reimbursement Sarah received in 2017 should be included in her gross income as it represents the amount previously deducted and provided a tax benefit in the prior year.
Explanation:
The tax treatment of the $5,000 received by Sarah due to the theft of her silverware, which was initially not covered by her insurance in 2016, should be assessed based on the tax rules concerning recoveries. When Sarah had her silverware stolen, she likely took a casualty loss deduction for the theft, reducing her taxable income.
The amount of the loss would have been the lesser of the silverware's adjusted basis ($6,000) or its fair market value ($10,000), minus insurance reimbursements and a $100 reduction. As Sarah did not receive any insurance reimbursement in 2016, and given her AGI was $30,000, the loss would be subject to a further reduction of 10% of her AGI. Therefore, the deductible loss would calculate as follows: ($6,000 - $100) - ($30,000 x 0.10) = $4,900.
In 2017, Sarah received a reimbursement of $5,000. According to U.S. tax law, if a taxpayer receives reimbursement in a year subsequent to the deduction, the taxpayer must include the reimbursement in gross income to the extent it provided a tax benefit. Since the entire $4,900 provided a tax benefit last year, only that portion of the $5,000 reimbursement is reportable as income. The remaining $100 is not included because it did not provide a tax benefit.
Therefore, option D is correct: $2,900 should be included in gross income.
After reviewing the Law of Diminishing Marginal Returns, an economist would correctly conclude that in the short run: total production must fall after a certain point. price must fall after a certain point on the production function. the additional output of labor will eventually decrease as more workers are hired. wages of workers must eventually increase. the total cost will eventually fall after enough workers have been employed.
Answer:
The correct answer is: additional output of labor will eventually decrease as more workers are hired.
Explanation:
The law of diminishing return states that keeping other things constant if we go on increasing the quantity of one input, the marginal returns from that input will go on declining.
In other words, if we go on hiring an input the increase in output because of each additional input employed will go on declining.
For instance, keeping other things constant we go on hiring more and more workers the marginal product of workers or additional output created by each worker will go on declining.
Establishing mutual aid agreements to obtain resources from neighboring jurisdictions is an example of which resource management activity ?
A. Acquiring, storing, and inventorying resources
B. Qualifying, certifying, and credentialing personnel
C. Planning for Resources
D. Identifying and Typing Resources
Answer: Option C
Explanation: In simple words, planning for resources refers to the activity of NIMS of management which helps in making strategies for resource management. Stock pilling resources and Mutual aid agreements are some of the many examples of it.
In planning for resources under mutual aid agreements two different countries agrees to exchange their resource in such a way that the utility from such resources could be derived to maximum.
Hence from the above we can conclude that the correct option is C .
The activity of establishing mutual aid agreements to obtain resources from neighboring jurisdictions is known as Planning for Resources. This part of resource management involves preparing for the resources that may be required in different situations and making formal arrangements with other organizations or jurisdictions for mutual assistance.
Explanation:Establishing mutual aid agreements to obtain resources from neighboring jurisdictions is an example of the resource management activity known as C. Planning for Resources. This entails preparing in advance for the resources that may be required in specific situations. In this context, 'resources' can refer to anything from personnel and equipment to supplies and facilities.
An integral part of resource management involves knowing what resources are available, where they are located, and how to obtain them. Mutual aid agreements are a method used to ensure resources are accessible when needed. They typically involve formal arrangements between organizations or jurisdictions to assist one another on a reciprocal basis.
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Pavers Inc. contracts to buy some heavy equipment from Earthmovers, Inc. Before either party performs, Earthmovers sells its assets to Excavation Corporation. On learning of the sale, Pavers is concerned about its contract with Earthmovers. Pavers should:
Answer:
Pavers should demand some assurance of performance from the seller.
If Excavation only bought Earthmovers assets and not the whole company, then Pavers should request Earthmovers to give assurance of performance.
The problem that Pavers faces is that when companies only sell their assets and not the whole company, they usually do it because their liabilities are too high and it's not certain that they will keep operating. That way the buyer (Excavation) gets the assets and the seller (Earthmovers) the liabilities.
Pavers Inc. should review the contract for assignment clauses, seek written assurance from Excavation Corporation, consult a lawyer, and monitor performance to protect its interests after Earthmovers sells its assets.
Pavers Inc. has a legitimate concern regarding its contract with Earthmovers, Inc., especially after Earthmovers sells its assets to Excavation Corporation. In contract law, this type of scenario involves the assignment of rights and delegation of duties to another party. It is important for Pavers to know that unless the contract explicitly prohibits assignment, Excavation Corporation can assume Earthmovers' contractual obligations.
Here are the steps Pavers Inc. should take:
Review the Contract: Check for any clauses that address assignment and delegation. If there are restrictions, Earthmovers might be in breach.Seek Written Assurance: Pavers should request written confirmation from Excavation Corporation that they will honor all terms of the original contract.Consult a Lawyer: It’s advisable for Pavers to consult with a legal expert to explore their rights and remedies under the contract.Monitor Performance: Ensure that Excavation Corporation performs as stipulated in the contract. Document any deviations or failures to perform.By following these steps, Pavers can protect its interests and ensure that the contracted terms are fulfilled even after the sale of assets.
Which one of the following is the correct presentation of Accounts Receivable and its contra account on the balance sheet? Accounts Receivable $642,000 Less: Bad Debt Expense (17,000) Less: Allowance for Doubtful Accounts (2,000) $623,000 Accounts Receivable $642,000 Plus: Allowance for Doubtful Accounts 2,000 $644,000 Accounts Receivable $642,000 Less: Allowance for Doubtful Accounts (2,000) $640,000 Accounts Receivable $642,000 Less: Bad Debt Expense (17,000) $625,000
Answer:
Accounts Receivable $642,000 Less: Allowance for Doubtful Accounts (2,000) $640,000
Explanation:
The contra asset account will be deducted from Accounts Receivable resulting in the net cash realizable value of $640,000.
=$642,000 - $2,000 = $640,000
To reduce the cost of collecting its accounts receivable, a company sells its accounts receivable to a financial organization. The service is called__________.
Answer: Debt Factoring
Explanation: Debt factoring is when a company sells it's outstanding accounts receiveable to a financial organization who will then collect this debt on the company's behalf. This financial organization will then pay the company the portion of the total debt it is able to collect, minus it's portion it charged the company as a fee.
This service usually occurs on difficult outstanding debtors, and the company is aware that it will not receive the total debt that it sells to the financial organisation, i.e. certain debt will be written off as bad debt.
Factoring is the service where a company sells its accounts receivable to a financial organization to reduce the cost and time spent on collections, while also improving cash flow.
Explanation:To reduce the cost of collecting its accounts receivable, a company sells its accounts receivable to a financial organization. This service is called factoring. Factoring allows a company to receive immediate cash for its receivables, which can be important for cash flow management, especially for small or growing businesses. This arrangement may also include the financial organization taking over the task of collecting on the receivables, thus saving the company time and administrative costs associated with collections. In the context of financial services and credit management, factoring is an essential tool for companies that need to manage their accounts and maintain healthy financial operations.
Suzanne is excited about a Black Friday sale in which big-screen TVs are advertised for only $400. However, when she gets to the store, they tell her that they ran out of these "special price" TVs and now only have the same TV but for $800 instead. Suzanne is disappointed, but still agrees to the higher priced item. Which persuasion technique is at play in this example?A. a fear appealB. foot-in-the-doorC. the lowball techniqueD. door-in-the-face
A maple sugar manufacturer wants to estimate the average trunk diameter of Sugar Maples trees in a large forest. There are too many trees to list them all and take a SRS, so he divides the forest into several hundred 10 meter by 10 meter plots, selects 25 plots at random, and measures the diameter of every Sugar Maple in each one. This is an example of a _______.
a. multistage sample
b. stratified sample
c. simple random sample
d. cluster sample
e. convenience sample
Answer:
d. cluster sample
Explanation:
Cluster sampling is characterized as a sampling method which various clusters of individuals are generated from a population where they are representative of homogeneous features and have equal opportunities to be component of the sample.
A simple random sample is generated from the various clusters in the population in this sampling method.
The sampling method where the forest is divided into plots and a random selection of those plots have every Sugar Maple measured is an example of cluster sampling.
Explanation:The situation you've described, where a maple sugar manufacturer divides a large forest into several hundred 10 meter by 10 meter plots and then selects 25 plots at random to measure the trunk diameter of every Sugar Maple in each one, is an example of a cluster sample. In cluster sampling, the population is divided into clusters (in this case, the 10m x 10m plots), and a random selection of these clusters is made. All members (Sugar Maple trees, in this situation) within the chosen clusters are then studied. This method is different from a simple random sample (SRS) where each individual in the population has an equal chance of being selected, and different from a stratified sample which involves dividing the population into strata and sampling each stratum proportionally.
If Stan and Marcus, a new trainee at the manufacturing plant, are working together to resolve an issue on the line, they would be using joint problem solving as a means of transferring Stan's tacit knowledge to Marcus.A. TrueB. False.
Answer:
TRUE
Explanation:
Working together, both sides can share ideas and knowledge to generate an optimizing result. In the narrated case, Stan was already a company employee and Marcus is a trainee. Thus, Stan is expected to have accumulated knowledge about the characteristics of the type of project they are working on. Thus, it is natural and expected that Stan will transfer tactical knowledge to Marcus. However, this does not prevent Marcus from giving suggestions for improving plant processes. Thus, together they can produce a more efficient result for the factory.
Suppose that under your health insurance policy, hospital expenses are subject to a $1,500 deductible and $300 per day copay. You get sick and are hospitalized for 5 days, and the bill (after insurance discounts are applied) comes to $7,000. How much of that hospital bill will you have to pay yourself
Answer:
$3,000
Explanation:
The patient is responsible for paying the deductible (amount of money the insured has to pay before the insurance company starts paying) and the daily copay (fixed amount that the patient has to pay):
deductible: $1,500
5 days copay: 5 x $300 = $1,500
total = $1,500 + $1,500 = $3,000
Grace is a manager in a medical office. It seems that every year when she evaluates employees for wage increases, Kevin and Taneesha always receive raises, while most other employees do not. The other employees accuse Grace of having favorites, and believe Kevin and Trisha are unfairly rewarded. Grace feels Kevin and Taneesha deserve their raises, and that she makes that determination based on facts, not on whom she favors. How can Grace best convince her other employees that she is being fair in her determinations?A) pick a different person at random each year to receive a raiseB) post the criteria she will use to determine raise recipients at the beginning of each yearC) explain that raises will be determined by a new process that will be kept secret from everyoneD) disqualify Kevin and Taneesha from receiving raises for the next three yearsE) post the criteria she used to determine raises after recipients are announced
Answer:
(B) post the criteria she will use to determine raise recipients at the beginning of each year
Explanation:
Based on the story, Grace has to be fair with the assessment of her team. She should let her workers know her criteria, so that they would understand what type of performance is expected from the company, and how only those that can achieve it will receive wage increases. This would create a better atmosphere between her employees and foster healthy competition rather than the current suspicion that permeates now.
The market researchers at HoneyCamp Foods gather daily sales data and sort it by product line and region. With the help of sophisticated tools and techniques, they develop the data needed by marketing managers to evaluate the market share of the company's different products and also to gain valuable market insights. This mix of people and procedures at HoneyCamp Foods that generate actionable marketing insights represents a(n)_____________.
Answer:
Marketing information system.
Explanation:
By the definition of renowned marketing scholar Philip Kotler, a marketing information system is an information system that collects, selects, and analyzes relevant information to support the decision-making process of marketers.
This system functions as a cycle that systematizes internal and external organizational data to provide alternatives and determine future trends that may aid marketing team decision making.
Moon, a farmer, needs to install a two-thousand-pound piece of equipment in his barn. This will require lifting the equipment thirty feet up into a hayloft. Moon goes to Davidson Hardware and tells Davidson that he needs some heavy-duty rope to be used on his farm. Davidson recommends a one-inch-thick nylon rope, and Moon purchases two hundred feet of it. Moon ties the rope around the piece of equipment; puts the rope through a pulley; and, with a tractor, lifts the equipment off the ground. Suddenly, the rope breaks. The equipment crashes to the ground and is severely damaged. Moon files a suit against Davidson for breach of the implied warranty of fitness for a particular purpose.
What law has many rules governing warranties of goods?
a. Uniform Transactions Code
b. Uniform Sales Code
c. Uniform Commercial Code
d. Uniform Goods Code
Answer: c) Uniform Commercial Code
Explanation:
it has different articles e.g for sales of goods, warranties and disclaimer (seller assuring buyer of the quality of product). And this is what has transpired between Moon and Davidson
Neue Inc reports net income of $500,000; during the year, the company declared $100,000 in preferred stock dividends and had an average of 250,000 shares of common stock outstanding. Earning per share rounded to the nearest cent will be:
Answer:
1.60
Explanation:
($500,000 - $100,000)/250,000
If the average of 250,000 shares of common stock outstanding the earning per share is $1.60.
Using this formula
Earnings per share (EPS) =Net income -Preferred stock dividend )/Average shares of common stock outstanding
Where:
Net income=$500,000
Preferred stock dividend=$100,000
Average shares of common stock outstanding=250,000
Let plug in the formula
Earnings per share (EPS) =($500,000-$100,000)/$250,000
Earnings per share (EPS) =$400,000/$250,000
Earnings per share (EPS) =$1.60
Inconclusion the average of 250,000 shares of common stock outstanding the earning per share is $1.60.
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Suppose individuals wish to obtain the most accurate comparison of living standards between the US and Saudi Arabia. To do so, one would convert Saudi Arabian output into dollars using__________.
A) the current nominal exchange rate.
B) the current real exchange rate.
C) the prior year's real exchange rate.
D) an average of the last five years' exchange rates.
E) purchasing power parity methods.
Answer:
Purchasing power parity methods
Explanation:
Purchasing power parity (PPP) method compares the productivity and the standards of living between countries by using the 'basket of goods approach'. The basket approach implies a determination of the quantity of money needed to purchase a common unit(basket) of goods and services in different countries. Two countries will be said to be at par if a 'basket of goods' costs the same considering the exchange rates.
Cost of living and the inflation rate in a country determine the purchasing power of its currency. Purchasing power parity attempts to equalize different currencies by considering inflation and purchasing power in each country.
Assume the lunch plate industry in Oahu, a perfectly competitive industry, is in long-run equilibrium with a market price of $5. If demand for lunch plate increases and this industry is a decreasing-cost industry, long-run equilibrium will be reestablished at _______ price.
Answer:
Explanation:
The lunch plate industry in Oahu is a perfectly competitive industry.
This industry is also a decreasing cost industry. A decreasing cost industry can be defined as the type of industry where an increase in the number of firms in the industry causes the average production cost to decline.
The industry is currently in long-run equilibrium and has the price level at $5.
As the demand increases, the price level will initially increase. But this increase in the price will cause the profits to increase and thus attract potential firms to join the market.
As the number of firms increases the average cost of production will decrease. As a result, the supply in the market will increase more than the demand.
So the long-run equilibrium will be reestablished at a lower price than earlier.