Harold, president of a national stationery store, believes that the business has a responsibility not only to stockholders but also to customers, employees, suppliers, and the general public. harold subscribes to the ____________ of social responsibility.
Harold, president of a national stationery store, believes that the business has a responsibility not only to stockholders but also to customers, employees, suppliers, and the general public. harold subscribes to the socio-economic model of social responsibility.
Why is social responsibility important?Companies and consumers may both use social responsibility as a platform to positively influence local and international societies. Businesses that launch a social responsibility program consistent with their principles stand to gain more loyal and devoted customers.
According to the ethical principle of social responsibility, each person is responsible for carrying out their civic responsibilities, and their deeds must benefit society as a whole. The welfare of society and the environment must coexist in harmony with economic growth in this manner.
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What is an incentive
In broad terms, incentives are anything that persuades someone to change their conduct in the desired direction.
An incentive is a potent tool used by governments and corporations to influence desired behaviors or actions. Incentives are widely classified into two types: intrinsic incentives & extrinsic incentives. In general, both sorts of incentives can be effective instruments for increasing effort and performance following the "law of behavior."
The basic law of economics and the rules of behavior underline the importance of incentives, which indicate that larger incentives result in greater levels of effort and thus higher levels of performance.
Incentives can be used both for monetary as well nonmonetary purposes but the main objective is persuasion.
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A $1000 deposit is put into a savings account. Which of the following compounding frequencies will ensure highest interest earned in 5 years?
Answer:
Monthly
Explanation:
Ap3x
A mentor is a person who is advised, trained, or counseled by a trusted mentee.
A) True
B) False
Answer:
False
Explanation:
joey's father is in a car accident and cannot work. what type of insurance replaces his father's earnings?
a. property and liability
b. health
c. life
d. disability
e. unemployment
If your presentation uses a background, your text should _____.
be at least 50-points
be placed in bulleted lists
work well with the background
be written in paragraph form
Answer:
C. Work well with the background.
Explanation:
It does not matter if you write in a paragraph or bulleted list what matters is that it’s works with your background so that is visual for the audience!
Your automobile insurance includes premiums of $510 for liability, $220 for collision, and $130 for comprehensive. what is your total premium?
a. $510
b. $640
c. $860
d. $1,240
Based on the given data the total premium will be $860. Thus the correct option is C.
What is Premium?The policyholder pays money to the insurer on a regular basis to cover his risk is called a premium. An insurance premium is the amount of money that is paid by a person, organization, or corporation in order to use an insurance policy.
An agreement for insurance transfers the risk from the insured to the insurer. The insurer demands payment in the form of a premium in exchange for taking on this risk.
To calculate the total premium
Total premium = liability + collision + comprehensive
The given information states that
liability = $510
collision = $220
comprehensive = $ 130
Total premium = $510+$220+$130
=$860
Therefore, option C is appropriate.
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The term _____ refers to a variety of demographic, cultural, and personal differences among an organization's employees and customers.
True or false: when both the demand and supply curves shift, the curve that shifts by the larger magnitude determines the effect on the undetermined equilibrium object.
a. True
b. False
The statement is true. The final effect on the equilibrium price and quantity when both demand and supply curves shift depends on which curve shifts more.
Explanation:The statement is true. The effects on the equilibrium price and quantity after both demand and supply curves shift depend on the magnitude of the shift in each curve. If the demand curve shifts more than the supply curve, then the effect on the equilibrium price and quantity will be determined by the demand curve. Conversely, if the supply curve shifts more than the demand curve, then the effect on the equilibrium will be dictated by the supply curve.
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the premium of a health insurance plan refers to the
Answer:
Total Cost of Insurance Coverage
Explanation:
Health insurance (also called medical insurance or medical expense insurance) is a contract between you and an insurance company.
In exchange for you making the premium payments, the health insurance company agrees to pay the medical expenses that you may incur under the terms of the contract.
Health insurance is essential in these times, since a simple accident or serious illness could end your savings and sink you into debt.
There are many reasons to purchase medical insurance for you and your family, but this is the most important, because medical expenses can reach tens of thousands of dollars or more for a simple injury or illness.
In addition, hospitalization and injury treatment costs continue to grow at a rate that exceeds inflation.
What kind of advertisements would a company be unable to measure with standardized tests?
A company would be unable to measure_________ with standardized tests.
Final answer:
A company cannot measure emotive and brand impact advertisements with standardized tests due to their subjective nature and focus on long-term customer perceptions.
Explanation:
A company would be unable to measure emotive and brand impact advertisements with standardized tests. Unlike direct response ads, where clear metrics like sales numbers, click-through rates, and conversion rates can be analyzed, emotive and brand impact ads aim to influence feelings, awareness, and customer perceptions over the long term. These are more subjective and harder to tie directly to quantitative figures. Standardized tests are better suited to quantifiable outcomes rather than measuring abstract concepts such as brand loyalty or emotional engagement.
If a reader asks "who originally collected the data being reanalyzed?" or "when were the data collected?" that reader is most clearly examining issues that focus on
That reader is most clearly examining issues that focus on the analysis of existing statistics.
What do you understand by the word statistics?Statistics is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, industrial, or social problem, it is conventional, to begin with, a statistical population or a statistical model to be studied. Populations can be diverse groups of people or objects such as all people living in a country or every atom composing a crystal. Statistics deals with every aspect of data, including the planning of data collection in terms of the design of surveys and experiments.
When census data cannot be collected, statisticians collect data by developing specific experiment designs and survey samples. Representative sampling assures that inferences and conclusions can reasonably extend from the sample to the population as a whole. An experimental study involves taking measurements of the system under study, manipulating the system, and then taking additional measurements using the same procedure to determine if the manipulation has modified the values of the measurements.
In contrast, an observational study does not involve experimental manipulation.
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The appropriate location between two extremes is known as:
At what wage rate will there be excess labor supplied in the market?
Answer:At $25 per hour there will be excess of labor supplied as more laborers are willing to work at high wages but not enough coffee shops are willing to hire at that wage
Explanation: PLATO
an example of licensing is when
a. a business in France contracts to produce shirts with the image or an American athlete
b. a company in Brazil contracts to open a KFC restaurant
c. a company in New Zealand produces tires for a tractor manufacturer in Japan
d. a company in the United States contracts to teach CPR to al employees of a national hotel chain
I think the anwser is A
_____ refers to the degree to which differences exist among members of a group or an organization.
If you have a $150,000 30-year 5% mortgage, how much of your first monthly payment of $805.50 would go toward principal?
Answer:
$180.5
Explanation:
First, we would determine the amount that goes toward the interest by dividing the interest rate by 12 months to have the monthly interest rate and then, multiply that for the total amount of the loan:
$150,000 × (0,05/12) = $625
Now, that we have the amount that goes toward the interest, we subtract this from the first monthly payment to find the amount that goes toward the principal that is the quantity you borrowed:
$805.50-$625= $180.5
The amount of the first monthly payment of $805.50 that would go toward the principal is $180.5.
For a $150,000 30-year mortgage at a 5% interest rate, $625.00 of the first monthly payment of $805.50 covers the interest, and the remaining $180.50 goes toward the principal.
The question concerns the calculation of the principal contribution in the first monthly payment of a mortgage. When provided with a $150,000 30-year mortgage at a 5% interest rate and a monthly payment of $805.50, one must calculate the amount of the first payment that goes towards the principal.
To do this, we need to determine the monthly interest rate, which is 5% per year or 0.05/12 per month.
The interest for the first month is calculated on the total loan amount, hence it's $150,000 x 0.05/12 = $625.00.
Since the total monthly payment is $805.50, the amount going towards the principal is $805.50 (total monthly payment) - $625.00 (interest) = $180.50.
6. The purpose of applying for a patent is to protect the company’s right to (1 point)
A. produce and sell an invention.
B. pursue the development of an invention.
C. keep new product development secret.
D. market new products over the Internet.
7. Companies are using social media in their marketing strategies to allow (1 point)
A. customers to post comments in support of their products.
B. two-way conversations with customers and prospective customers.
C. easy access to customer databases for one-to-one marketing.
D. announcements to reach a larger audience.
8. Which of the following is a criticism of cause-related marketing? (1 point)
A. Cause-related marketing is more of a strategy for selling than giving.
B. Cause-related marketing is placing the burden of giving on the consumer instead of the company.
C. Cause-related marketing is becoming commonplace, and consumers are just ignoring it.
D. Cause-related marketing is shown to hurt rather than help a company in the long run.
9. Which of the following is not a customer market targeted by companies? (1 point)
A. cultural markets
B. reseller markets
C. government markets
D. consumer markets
10. In the product development process, marketers should treat their suppliers (1 point)
A. strictly as vendors to avoid relationship issues.
B. with professionalism, but without developing too close of a relationship.
C. as partners to ensure product success.
D. like part of the family, with suppliers working alongside the marketing team.
It should be noted that the purpose of applying for a patent is to protect the right is the company to B. pursue the development of an invention.
What is a patent?A patent simply means the exclusive right that's granted for an invention.
Companies are using social media in their marketing strategies to allow announcements to reach a larger audience. Social media marketing is the use of social media platforms to promote a product or service.
A criticism of cause-related marketing is that cause-related marketing is more of a strategy for selling than giving. Cause marketing simply means a collaboration between a for-profit business and a nonprofit organization which is done for a common benefit.
The option that is not a customer market targeted by companies is cultural markets. It should be noted that market culture emphasizes competitiveness between the organization, market competitors, and employees.
In the product development process, marketers should treat their suppliers with professionalism, but without developing too close of a relationship.
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The slide you created in the "Your Turn" activity is functional, but a bit on the boring side. In 5–10 sentences, describe changes you would make to the slide to make it more effective.
Explanation
Well first thing, I will do is to follow rule of 6*6. It means 6 bullet points in one slide and 6 words in one bullet point. Too much data makes the presentation boring. I will present the points in my words.
Secondly, using visual aid makes presentation interesting, I will use relevant pictures in my slides. We can find pictures which can represent that particular point.
Thirdly, I will use transition in my slides.
Which resumé tends to be used to cover employment gaps?
A.chronological
B.functional
C.hybrid
Which resumé tends to be used to cover employment gaps? B. functional
A functional resume focuses on skills and experiences instead of just work history in order. A functional resume is used by those who are in the process of changing careers, have large gaps in employment history or experience that is not directly related to the job they are applying for. Functional resumes are used often when those who are applying for a job the first time after graduating school or shifting their career ideas.
Who is at the center of the "ideal caring situation"?
The person at the center of the ideal caring situation is the patient. This is based on the patient-centered care model in healthcare, which prioritizes the patient's individual needs, values, and preferences. Providers work collaboratively with the patient, advocating for them and promoting their total well-being.
Explanation:In the context of nursing and healthcare, the person at the center of the ideal caring situation is the patient. This concept is based on the patient-centered care model, which prioritizes the patient's individual needs, values, and preferences during the provision of healthcare services. In this model, the healthcare provider works collaboratively with the patient, ensuring that the care delivered is not only technically proficient but also responsive and respectful to the patient. This involves fostering a genuine connection with the patient to understand their holistic health needs, actively involving them in their own care decisions, and advocating for them when necessary. The ultimate goal is to promote the patient's total well-being and improve their health outcomes.
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A college professor's compensation package includes the total cost of a $325-per-month health insurance plan, the total cost of a $65-per-month life insurance plan, and a salary of $62,000 per year. What is the yearly value of the compensation package?
Answer
The yearly value of the compensation package is $66680 .
Explanation:
As given
A college professor's compensation package includes the total cost of a $325-per-month health insurance plan,
The total cost of a $65-per-month life insurance plan .
A salary of $62,000 per year.
Thus
Total cost of the health and life insurance = Cost of health insurance + Cost of life insurance
Putting the values in the above
Total cost of the health and life insurance = $325 + $65
= $ 390
As 1 year contains 12 months .
Thus
Total cost of the health and life insurance in 12 months = 12 × Total cost of the health and life insurance .
= 12 × 390
= $4680
Yearly value of the compensation package = Gross pay + Total cost of the health and life insurance in 12 months .
= $62000 + $4680
= $ 66680
Therefore the yearly value of the compensation package is $66680 .
A greenfield investment is the best choice when:
a. government mandated benefits are high
b. the investor has a lack of capital
c. there's a lack of suitable potential employees
d. sustainability is at the core of the corporate mission
e. a suitable acquisition target doesn't exist
For which rate of inflation given below will the real interest rate be higher than the nominal interest rate?
An offer to enter into a contract can be terminated by
What is a data pattern that repeats itself after a period of days weeks months or quarters?
A __________ is a business message that suggests a solution to a business problem.
The minutes of the Safety Team's April meeting including a header with the meeting name and date. They also include an opening, a list of actions taken, a closing, and a signature. What is missing from the minutes?
A. A persuasive conclusion
B. A list of who attended
C. A list of costs
D. Criteria for decision making
The correct answer is B. A list of who attended
Explanation:
Minutes are documents written to register important details during meetings or similar events. These documents often include different sections, in the first section it is common to find a header with the meeting name and date, the names of the people who are in the meeting, the hour and place of the meeting, this is followed by details related to the meeting itself such as the actions that occur during it, and finally there is a closing and signature of the participants. This means, in the case of Saftey Team's April meeting the minute is missing the list of who attended as this is an essential element in this type of documents that should be included in the first section.
A monopolist does not have a supply curve because the firm's decision about how much to supply is impossible to separate from the demand curve it faces.
a. true
b. false
A monopolist does not have a supply curve because its decision on how much to supply is inseparable from the demand curve it faces. The supply of a monopolist is determined by its profit-maximizing behavior.
Explanation:The statement is true. A monopolist does not have a supply curve because its decision on how much to supply is inseparable from the demand curve it faces. In a monopoly market, the firm has the power to set the price and quantity based on the demand for its product, as there are no close substitutes.
The monopolist's supply is determined by its profit-maximizing behavior, which includes considering the demand and maximizing its own profits.
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Which of the following is an example of a rational motive?
A. Liza buys the sneakers the rest of her team has.
B. Taylor buys a fancy coat.
C. Lin buys a birthday gift for a friend.
D. Kim buys a new stove to prepare meals.