Answer: Option (b) is correct.
Explanation:
Given that,
Revenues = $300,000
Merchandise it purchased = $75,000
Salaries paid = $14,000
Owners invested = $23,000
Borrowed on a five-year note = $23,000
Interest paid = $3,000
Paid for a two-year insurance policy = $6,800
Income tax rate = 9%
Gross Margin = Revenues - Cost of Goods Sold
= $300,000 - $75,000
= $225,000
Profit before tax = Gross Margin - Salaries - Insurance payment - Interest
= $225,000 - 14,000 - 3,400 - 3,000
= $204,600
Net Income = Profit before tax - Tax at 9%
= $204,600 - 18,414
= $186,186
Regan grows flowers and makes ceramic vases. Jayson also grows flowers and makes ceramic vases. Regan can produce 3 times as many vases in a day as Jayson, and Regan can grow twice as many flowers in a month as Jayson. Who would gain from trade between Regan and Jayson?
Answer:
Both would gain
Explanation:
Regan and Jayson are two people who are in the same business or trades. They both grows flowers and make ceramic vases.
But Regan is better in producing both the items. Regan produces ceramic vases 3 times in a day as many vases Jayson produces and can grow twice as many flowers as Jayson in a month.
Now both Regan and Jayson can do the business and benefit if they try to focus on the comparative advantage of the market.
Hence both Regan and Jayson will gain from the trade.
Answer:
B
Explanation:
its the only obviose answer
The balance of stockholder's equity at the beginning of the year and the end of the year was 70,000 and 60,000, respectively. The company issued no common stock during the year. Dividends were 22,000. What was the net income or loss for the year?
Answer: 12,000
Explanation:
Given that,
Stockholder's equity at the beginning of the year = 70,000
Stockholder's equity at the end of the year = 60,000
Dividends = 22,000
Net Income = Ending Balance + Dividends - Beginning Balance
= 60,000 + 22,000 - 70,000
= 12,000
Therefore, the net income for the year was 12,000.
In 2014, Wire Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $550,000, $90,000, and $95,000, respectively. In addition, the company had an interest expense of $94,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)
What is the company's operating cash flow?
Answer:
The company's operating cash flow is $100,000
Explanation:
The computation of the operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = Sales - cost of good sold - depreciation expense - administrative and selling expenses
= $740,000 - $550,000 - $95,000 - $90,000
= $5,000
The income tax expense equals to
= (Sales - cost of good sold - depreciation expense - administrative and selling expenses - interest rate) × tax rate
= ( $740,000 - $550,000 - $95,000 - $90,000 - $94,000) × 35%
The amount comes in negative so we cannot compute the tax expense as corporation is suffering from the net loss
And all other items would remain same
Now put these values to the above formula
So, the value would equal to
= $5,000 + $95,000 - $0
= $100,000
The competitive moves and business approaches a company's management is using to grow the business, compete successfully, attract and please customers, conduct operations, respond to changing economic and market conditions, and achieve organizational objectives is referred to as its - mission statement -business model -strategy-strategic intent
Answer:
The answer is: Business strategy
Explanation:
A company´s business strategy is the combination of all the actions it takes and all the decisions it makes in order to accomplish its business goals and secure its position in the market.
Everyone needs a strategy in order to reach their objectives or goals. A company´s business plan sets its goal and objectives. While the company´s business strategy gives them a way (a roadmap) to fulfill those objectives.
The concept described is a company's strategy, which encompasses its plans and approaches to achieve competitive advantage, fulfill customer needs, conduct operations, and accomplish goals, distinct from its mission statement or business model.
The competitive moves and business approaches a company's management uses for various purposes such as growth, competition, customer satisfaction, operations, and adapting to changes are referred to as its strategy. A company's strategy encompasses its plan to achieve a competitive advantage, identify and meet customer needs, respond efficiently to changes in economic and market conditions, and reach organizational goals. Unlike a mission statement, which defines the company’s purpose and primary objectives, a strategy is concerned with how the company plans to achieve these goals. The business model describes how a company creates, delivers, and captures value, which is intrinsically linked to its strategy. It effectively combines the offering of products or services, operational processes, organizational structures, and trading practices aimed at generating income. In highly competitive markets, the importance of a carefully crafted strategy becomes even more critical as it guides companies to navigate competition, manage costs, and find unique positions in the marketplace to ensure survival and success.
One of the largest and most successful growth centers within metropolitan paris is called:
The contribution margin income statement presents ________ above the contribution margin line.
A. all variable expenses
B. all fixed expenses
C. only fixed expenses relating to selling and administrative activities
D. only variable expenses relating to selling and administrative activities
Answer:
A. all variable expenses
Explanation:
Contribution margin: It is a margin which shows a difference between the sales revenue and the all variable cost/ expenses.
In mathematically,
Contribution margin = Sales revenue - variable expenses
It is computed by considering both the things i.e sales revenue and the variable expenses
And, if we want to compute the net income, So we use fixed expenses
Net income = Contribution margin - Fixed expenses
A contribution margin income statement presents all fixed expenses above the contribution margin line because variable costs and revenue are presented below the contribution margin line.
Explanation:In a contribution margin income statement, above the contribution margin line, you will typically find B. all fixed expenses. This is because the contribution margin income statement separates costs into variable and fixed costs. Variable costs are subtracted from sales to calculate the contribution margin. Then, fixed costs are subtracted from the contribution margin to compute net operating income or loss. Hence, variable costs and revenue are presented below the contribution margin line, and fixed costs are presented above it.
Learn more about the Contribution Margin Income Statement here:https://brainly.com/question/32772728
#SPJ6
Suppose a student has 3 hours of time to spend at her apartment before afternoon classes. She has the option of doing laundry, studying for a test, or watching television. If she decides to do laundry, then her opportunity cost isA) watching televisionB) studying for the testC) watching television and studying for the testD) either watching television or studying for the test, whichever would have been her second choice to doing laundry
Answer:
The correct answer is option D.
Explanation:
The opportunity cost of a decision can be defined as the cost of foregoing the second-best alternative. In other words, the benefit that could have been earned if the alternative was not given up.
Here, time is the scarce resource and its uses are doing laundry, studying for a test or watching television. If the student chooses to do laundry her opportunity cost will be either watching television or studying, whichever was her second-best choice.
On January 1,2013, James Company reported total current assets of $658,000 and total current liabilities of $365,000. During the year, James purchased $2,000 worth of equipment for cash, paid $560 towards salaries, and borrowed $80,000 from its bank to be repaid after 5 years. Compute James' working capital as of December 31, 2013.
A. $293,000
B. $335,400
C. $370,440
D. $290,440
Answer: Option (C) is correct.
Explanation:
Total current assets = $658,000
Current Assets = total current assets - purchased equipment - salaries paid + Borrowings
= $658,000 - $2000 - $560 + $80000
= $735,440
Total current liabilities = $365,000
Working Capital of James as on December 31, 2013:
= Current Assets - Current Liabilities
= $735,440 - $365,000
= $370,440
Ralph Chase plans to sell a piece of property for $170000. He wants the money to be paid off in two ways monica short-term note at 9% interest and a long-term note at 7% interest. Find the amount of each note if the total annual interest paid is $13700.
Answer:
amount paid at a rate of 9% = 90000
amount paid at a rate of 7% = 170000-90000=80000
Explanation:
We have given total amount = $170000
Let amount paid at rate of 9% is x
Then amount paid at a rate of 7% = 170000-x
We know that sum of individual interest will be equal to total interest
So [tex]0.09\times x+(170000-x)0.07=13700[/tex]
[tex]9x+1190000-7x=1370000[/tex]
[tex]2x=180000[/tex]
[tex]x=90000[/tex]
So amount paid at a rate of 9% = 90000
And amount paid at a rate of 7% = 170000-90000=80000
_________________ are more likely to arise from a group that is easily identifiable, rather than from a group where some of those who suffered may not even recognize that _____________________________.
A. Connected peoples; specific tax breaks exist for them
B. Socially isolated people; government intervention is needed
C. Special interests; they are bearing the costs
D. Beneficiaries; rent controls are in effect
Answer:
The answer is: C) Special interests; they are bearing the costs.
Explanation:
A group of people, institutions or companies that share a common goal are more likely to achieve them or be more successful at their execution when they are easily and publicly identified to them. In politics, this is the whole concept behind lobbying. Generally those groups that take the effort to make their demands public will be more successful in achieving them. That is true even if some other group or the majority of the population suffers from those actions.
We can use the NRA as an example for this assumption. They are a well organized, funded and publicized group that firmly believes in their right to bear arms. I myself share that same belief. But I doubt anyone could argue why we need to sell machine guns or grenade launchers to common ordinary people that aren´t even trained to use them. But they have made their claim so well known and connected with the right politicians, that even mass murdering machines are available to the common public. And the cost of their actions are been paid mostly by innocent victims (and their families and communities) and the nation as a whole.
Consider the impact of the following two events in the television market.First, people are using more tablets and fewer television sets. Second, new production techniques decrease the production cost of television sets. What is the effect of these events on the equilibrium price and quantity of television sets? Equilibrium Price Equilibrium Quantity
A. Decrease Increase
B. Decrease Decrease or increase
C. Decrease or increase Decrease
D. Increase Decrease or increase
Answer:
The correct answer is option B.
Explanation:
As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.
Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.
The equilibrium price of television sets will decrease due to both a decrease in demand (shift left) and an increase in supply (shift right). The effect on equilibrium quantity is ambiguous without more information, as the decrease in demand suggests a lower quantity while the increase in supply suggests a higher quantity.
Explanation:To assess the impact of two events on the equilibrium price and quantity of television sets, we consider the shifts in demand and supply curves in the market. The first event indicates that people are using more tablets and fewer television sets, which means the demand for television sets decreases. This would shift the demand curve to the left, leading to a lower equilibrium quantity and price for television sets. The second event states that new production techniques decrease the production cost of television sets, which implies that the supply of television sets increases. An increased supply shifts the supply curve to the right, potentially increasing the equilibrium quantity and decreasing the equilibrium price of television sets.
When combining these two events, the overall effect on equilibrium price is unambiguously a decrease since both a decrease in demand and an increase in supply put downward pressure on price. However, the effect on equilibrium quantity is indeterminate without additional information since the decrease in demand would lead to a lower quantity, but the increase in supply suggests a higher quantity. In sum, the equilibrium price will decrease and the equilibrium quantity could either increase or decrease depending on the relative magnitude of the shifts in demand and supply curves.
If a firm's average total cost is less than price where MR = MC,
A. the firm should cut back on its output to lower its cost.
B. the firm should raise its price.
C. the firm should produce if its price exceeds average variable cost.
D. the firm should shut down.
Answer:
C. the firm should produce if its price exceeds average variable cost.
Explanation:
WHen average total cost is less that price, this means you are making a profit, and since they are in the equilibrium sate with Margina revenue being equal to marginal cost, they are in the sweet spot of production, so the only thing left for them is producing if its price exceeds average variable cost, and that would maximize their profits.
Brain Boost Inc. is a leading educational toy company. Competitors across the globe have failed to imitate Brain Boost's production models, supply chain systems, knowledge systems, and culture. These attributes have remained unique to Brain Boost Inc. for a long time. Which of the following assumptions of the resource-based model of competitive advantage does this scenario best illustrate?
Answer:
Resource Immobility
Explanation:
A critical assumption of the resource-based model—resource immobility—is that resources tend to be "sticky" and don't move easily from firm to firm. Because of that stickiness, the resource differences that exist between firms are difficult to replicate and, therefore, can last for a long time
The primary principle that finance borrows from economics is ________. A. generally accepted accounting principles B. shareholder value maximization C. marginal costdashbenefit analysis D. cash is king
Answer:
C.marginal cost-benefit analysis
Explanation:
The primary principle that finance borrows from economics is _ C. marginal cost-benefit analysis.
Marginal cost and marginal benefit are the two measures of the how the cost or the value of the product changes. Marginal benefit is the measure of consumer side of the equation whereas the consumer side of the equation. Companies tend to calculate both side of the equation when marketing, manufacturing and prizing a product.
The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ships must wait hours every day just to dock. This is an example of:1- marginal analysis.2- a private good.3- a recession.4- market failure.B: The mayor of New Monopoly realizes that the congestion at the port costs the shipping companies and his town money. Which decision would NOT move him towards a command economy?1- The mayor orders the port\'s employees to work extra hours.2- The mayor decides to only allow the five most profitable shipping companies to use the port.3- The mayor decides to let individual firms and consumers find a solution for the excessive wait time.
Answer:
The correct answer is option 4.
B. The correct answer is option 3.
Explanation:
The seaport town here became extremely popular with shipping countries due to its location. It increased the demand for docking at the port. As a result, the port became congested and ships must wait for hours. This is an example of market failure.
Here, the market is not able to efficiently allocate the product. The demand for the port is higher than what the market is able to supply efficiently.
A command economy can be defined as the economy in which the activities are controlled by any central agency, generally a government.
The Mayor instead of controlling if tries to solve the problem through the working of the market forces then it would be farthest from a command economy. If Mayor intervenes in any way then it is a command economy.
Final answer:
Congestion in the seaport town of New Monopoly exemplifies market failure. The decision to let firms and consumers find their own solution to this situation aligns with market principles rather than those of a command economy. Hence, the correct option for part A is 4 and the correct option for part B is 3
Explanation:
The situation described in the seaport town of New Monopoly, where ships must wait hours every day just to dock, is an example of market failure. Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss. Congestion is a type of market failure because it indicates that the port's infrastructure cannot handle the volume of traffic being directed towards it, therefore failing to distribute docking access properly and efficiently.
Regarding the decision that would NOT move the mayor towards a command economy, choosing to let individual firms and consumers find a solution for the excessive wait time would be most aligned with free market principles. A command economy implies government control over economic decisions such as resource allocation and production. When the mayor allows market forces to address the port congestion, he is leaning towards market solutions rather than command economy approaches.
In Crawford Company, the predetermined overhead rate is 80% of direct labor cost. During the month, Crawford incurs $210,000 of factory labor costs, of which $180,000 is direct labor and $30,000 is indirect labor. The actual overhead incurred was $200,000. The amount of overhead debited to Work in Process Inventory should be:
a. $200,000
b. $168,000
c. $144,000
d. $160,000.
Answer:
c. $144000.
Explanation:
the predetermined overhead rate = 80% of direct labour costs
The amount of overhead debited to Work in Process Inventory is:
(80%)(180000)
= $ 144000
Therefore, The amount of overhead debited to Work in Process Inventory should be $144000.
The amount of overhead debited to Work in Process Inventory should be:c. $144,000.
Work in process inventoryUsing this formula
Work in process inventory= Predetermined overhead rate×Factory labor cost
Where:
Predetermined overhead rate=80%
Factory labor cost=$180,000
Let plug in the formula
Work in process inventory=.80×$180,000
Work in process inventory=$144,000
Inconclusion the amount of overhead debited to Work in Process Inventory should be:c. $144,000.
Learn more about Work in process inventory here:https://brainly.com/question/7932472
The Model for Improvement begins with three questions designed to clarify the following concepts: (A) Plan, do, act (B) Mission, goal, strategy (C) Aims, measures, changes (D) Will, ideas, and execution
Answer:
The correct answer is C.
Explanation:
The Improvement Model is mainly based on three fundamental questions about any type of improvement that is sought. These questions pursue the following topics: address the aim, achieving understanding that it is to achieve, the measures to use, both to implement and to know if the change will represent a real improvement, and finally the changes to use to result in an improvement.
Have a nice day!
The accounting principle that ensures all expenses are recorded during the period when they are incurred and offsets those expenses against the revenues of the period is called the ________ principle.
Answer:
The correct answer is Congruence.
Explanation:
Any company that makes its financial statements available to the public will conform to GAAP standards. The congruence principle is one of the fundamental lines established by the Financial Accounting Standards Board (FASB) This process is different from the cash accounting principles that the total amount of income or expenses is recorded regardless of when They have an impact on the cash flow of the company. The GAAP congruence principle helps to provide a clear and accurate picture of cash on hand, the revenue generated and expenses incurred at a specific point in time (see Resources below).
In order to minimize errors and provide accurate account information during the accounting period, companies can recognize expenses and revenues that occur within a time-giving period. The GAAP congruence principle recognizes expenses when they are incurred, and when it distinguishes between deferred income and accrued expenses in order to determine its real value of the company at a given time.
The matching principle in accounting ensures that expenses are recorded when incurred and matched with the revenues they help to generate during that period. This is different from tax-related principles like the benefit principle taxation and the ability to pay principle.
Explanation:The accounting principle that ensures all expenses are recorded during the period when they are incurred and offsets those expenses against the revenues of the period is called the matching principle. This principle is central to accrual accounting and requires that companies report expenses at the same time as the revenues they are related to. Expenses are matched to revenues in the financial statements during the period in which the transaction occurs, not necessarily when the cash is paid or received. By doing so, this provides a more accurate picture of a company's financial position and performance for that period.
Regarding the principles around taxes mentioned, these are slightly different concepts. The benefit principle taxation suggests that those who benefit from government services should pay in proportion to the benefits they receive, whereas the ability to pay principle suggests that taxes should be levied on a person according to how well they can shoulder that burden.
Learn more about matching principle here:https://brainly.com/question/33727514
#SPJ6
Billie Jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music while working out. Both the amplifier and the mp3 player cost $120, so she can only buy one. This illustrates the basic concept that- trade can make everyone better off.- people face trade-offs.- rational people think at the margin.- decisions made at the margin are not particularly important.
Answer:
People face trade-offs.
Explanation:
A trade off is a giving up of one thing in return for another. All of the alternatives that we give up when we choose one course of action over the other.
Is a sacrifice of one good to purchase or produce another good. Must be maid because when a resource is used to produce one good, that same resource cannot be used to produce another.
Is an alternative that you face if you decide to do one thing rather than other. There is a choose to use resources in one way and not the other.
Which of the following choices correctly depicts activities that would be included in a manufacturer's value chain? Research and Development Marketing Distribution A. Yes Yes No B. Yes No Yes C. Yes Yes Yes D. No Yes No E. No Yes Yes
Answer:
c yes yes
Explanation:
Answer:
its C.) yes yes yes
Explanation:
What statement about risks in social and behavioral sciences research is most accurate: Anonymizing data effectively manages the risk of creating emotional distress. Risks are specific to time, situation, and culture. There are never any risks. If a study offers potential benefits, it is not necessary to minimize risks.
Answer:
Anonymising data effectively manages the risk of creating emotional distress.
Explanation:
This is the most accurate because when you do research, you need to compile information trough interviews, for example. If it's a social research you're gonna talk with people about their issues.
So, anonymising you save their integrity, because nobody is comfortable charing their personal problem. In order to publish your scientific results, you need to hide their personal information. In this way, you also avoid emotional distress to people whom you interviewed.
Anonymizing data effectively manages the risk of creating emotional distress statements about risks in social and behavioral sciences research is most accurate. The correct option is A.
How data is used in risk management?In order to identify, forecast, and prevent problems in business operations, companies that practice data-driven risk management gather and analyze data from numerous sources. Only those risks that can be presumed to result from the research should be taken into account by the investigators and the IRB when identifying potential hazards.
Risks vary depending on the occasion, setting, and culture. The following additional safeguards could be included in a social and behavioral study: As quickly as possible, remove all direct identifiers from the data.
Thus, the ideal selection is option A.
Learn more about risk management here:
https://brainly.com/question/4680937
#SPJ5
In 2017, Wagner Industries purchased a piece of equipment with an estimated useful life of 10 years. Each year, Wagner expenses 1/10 of the equipment’s cost. This is an example of A : depreciation. B : goodwill. C : unethical accounting practices. D : an operating cycle
Answer:
This is an example of A : depreciation
Explanation:
Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value.
If import restrictions remain in effect after an infant industry becomes competitive in the domestic market, consumers in this domestic market will pay a price which is ________ the world price for the product.
A. higher than
B. lower than
C. the same as
D. All of the above are equally likely.
Answer: higher than
Explanation: The stockholders of companies in the infant industry gain when they are protected from world competition
-Consumes in that country will therefore pay a price higher than the world price.
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?
Answer: $88,700
Explanation:
Given that,
House value = $275,000
Mortgage = $195,000
Car value = $12,000
Car loans = $7,500
Investments = $3,000
Bank account = $2,700
Owes on a credit card = $1,500
Keisha’s net worth:
= House value - Mortgage + Car value - Car loans + Investments + Bank account - Owes on a credit card
= $275,000 - $195,000 + $12,000 - $7,500 + $3,000 + $2,700 - $1,500
= $88,700
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. Keisha's net worth is $88,700.
To calculate Keisha's net worth, we need to subtract her liabilities (debts) from her assets (what she owns). Let's break it down:
Assets:
- House worth $275,000
- Car worth $12,000
- Investments totaling $3,000
- Bank account balance of $2,700
Total Assets: $275,000 + $12,000 + $3,000 + $2,700 = $292,700
Liabilities:
- Mortgage of $195,000
- Car loans totaling $7,500
- Credit card debt of $1,500
Total Liabilities: $195,000 + $7,500 + $1,500 = $204,000
Net Worth:
Net Worth = Total Assets - Total Liabilities
Net Worth = $292,700 - $204,000
Net Worth = $88,700
Learn more about Liabilities here:
https://brainly.com/question/14921529
#SPJ12
Rico’s Taqueria had cash inflows from operating activities of $35,000; cash outflows from investing activities of $30,000, and cash outflows from financing activities of $20,000. Calculate the net increase or decrease in cash.
Answer:
$15,000 decrease
Explanation:
The formula for calculating the net increase or the decrease in the cash is:
[tex]Net\ change\ in\ the\ cash\ =\ Cash\ inflows\ from\ operations\ -\ Cash\ outflows \from\ investing\ +\ Cash\ inflows\ from\ financing[/tex]
Given that:
Cash inflows from the operations = $35,000
Cash Flows from the Investing Activities = $30,000
Cash Flows from the Financing Activities = $20,000
Net Increase/Decrease in Cash = $35,000 - $ 30,000 + $ 20,000
Net Increase/Decrease in Cash = - $15,000
Since, negative sign signifies decrease.
So, there is net decrease of $15,000 in cash.
Sarasota Company manufactures pillows in the cutting and assembly process. Pillows are manufactured in 40-pillow batch sizes. The cutting time is 4 minutes per pillow. The assembly time is 8 minutes per pillow. It takes 10 minutes to move a batch of pillows from cutting to assembly. Compute the value-added ratio.
a.2.4%b.54.5%c.4.5%d.50%
Answer: Option (b) is correct.
Explanation:
Given that,
Pillows are manufactured in 40-pillow batch sizes
Cutting time = 4 minutes per pillow
Assembly time = 8 minutes per pillow
Takes 10 minutes to move a batch of pillows from cutting to assembly.
Value added lead time = Cutting time + Assembly time
= 4 + 8
= 12 minutes
Non-value added lead time = move time
= 10 minutes
Total lead time = Value added lead time + Non-value added lead time
= 12 + 10
= 22 minutes
value-added ratio = [tex]\frac{value\ added\ time}{total\ lead\ time}[/tex]
= [tex]\frac{12}{22}[/tex]
= 0.5454
= 54.5%
Taylor takes her employees' opinions into consideration via reasoning and discussion when making departmental decisions. Which of the following answers best describe Taylor's experience with her role models, also known as parental authority?A. FlexibleB. AuthoritarianC. DismissiveD. Permissive
Answer:
The correct answer is A. Flexible.
Explanation:
Flexibility allows the leader to adapt their behavior to develop the most appropriate responses to different situations. And leaders are more valuable in an organization when they are able to adapt to the responsibilities of different positions.
Successful managers are flexible and open-minded. Always willing to change and attentive to take advantage of the opportunities that emanate from them. They are risky and easily adapt to new and unknown situations. They are like chameleons. They know how to take advantage of the surrounding conditions.
Daniel, a salesperson, was conducting a sales presentation about his company's new range of laptops to a few prospective customers. He explained to them how the laptops used the latest technologies, and how they had the sharpest resolution and an extensive storage capacity. During the presentation, one of the prospects admitted that he was not able to understand the presentation, as he was new at using technology. Daniel altered his message accordingly and adjusted the presentation for everyone to understand. In this scenario, Daniel was involved in _____.
Answer:
adaptive selling
Explanation:
According to my research on different sales strategies, I can say that based on the information provided within the question Daniel was involved in adaptive selling. This is a technique in which the salesperson changes or adapts their behavior and technique in order to best fit the situation that they are in.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Consider a situation in which a utility company emits high levels of sulfur dioxide and the company is not liable for the damages its pollution causes. According to the Coase theorem, government action is _____________ to achieve an __________ amount of pollution.
a) necessary; equitable
b) necessary; efficient
c) not necessary; equitable
d) not necessary; efficient
Answer:
d) not necessary; efficient
Explanation:
Coase theorem focuses on mutual negotiation between the parties in conflict rather than involvement of the third parties that is government in order to increase any utility or services.
Although the pollution in the given instance shall not exceed the maximum acceptable level.
Thus, it shall be efficient amount of pollution.
In that case, no government shall regulate in between.
The outdoor brand The North Face intends to capture some of its competitors’ business in Europe in the next few years, even amid the stagnant economic conditions there. The firm cites the active lifestyles there and the relatively low cost of entry for its backpacking and hiking sports gear, which attracts those planning a low-budget "staycation." The North Face most likely has a ________ goal.
Answer:
Market share goal
Explanation:
North face is a American company and now its going to compete in Europe the next few years as an underdog to compete with established competitors in Europe. This is an example of a market share goal because North face is going to compete with established competitors in Europe