The most economical shipping option to ship 80 boxes of parts is the six-day option, with a total cost of $14,400.
Explanation:To determine which shipping alternative would be most economical to ship 80 boxes of parts, we need to calculate the total cost for each option.
For the overnight option, the cost per box is $300. So, the total cost to ship 80 boxes overnight would be 80 x $300 = $24,000.
Similarly, for the two-day option, the cost per box is $260. So, the total cost to ship 80 boxes in two days would be 80 x $260 = $20,800.
Finally, for the six-day option, the cost per box is $180. So, the total cost to ship 80 boxes six-day would be 80 x $180 = $14,400.
Based on these calculations, the most economical shipping alternative would be the six-day option, with a total cost of $14,400.
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A and B have a written contract whereby A agrees to sell B a plot of land for $100,000. Later, without terminating the first contract, the parties modify the deal so that A sells B the same plot of land for $125,000. The second agreement:_______.
A. Is not a contract because there is no consideration for A's promise.
B. Is not a contract because there is no consideration for B's promise.
C. Is not a contract because A's promise is illusory.
D. Is not a contract because written contracts for the sale of land cannot be modified.
Answer:
B) Is not a contract because there is no consideration for B's promise.
Explanation:
In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.
Common law rules on contract modifications require some new consideration in order to modify an existing contract. In this case, only B added some new consideration (more money) to the written contract, A didn't add anything new.
Wildside Inc., a company providing various wildlife tours, gives equal importance to customers and employees. The managers at Wildside Inc. ensure that the employees of the company are satisfied with their jobs. They believe that employees should be kept happy as they are brand ambassadors. This scenario is an example of _____.
Answer:
Internal marketing
Explanation:
Internal marketing is a promotion of company's program or product toward the people within the company rather than customers in the market.
Internal marketing is often being done for several purposes:
- to increase employees' willingness to advocate for the company's brand.
- If the employees within the company talk negatively about their own brand, this will create a more serious damaged compared to negative talk provided by customers or competitors. Internal marketing is sued to prevent such situation.
- To increase employees' overall productivity.
By making sure the employees are satisfied with their jobs, it will increase the likelihood that the employees become more willing to put more time and effort into their job. This will resulted in increasing productivity.
The scenario described is an example of employee satisfaction.
Employee satisfaction refers to the level of contentment or happiness employees feel towards their job and workplace. It is a measure of how satisfied employees are with their work environment, job roles, relationships with management and co-workers, and the overall company culture. In the case of Wildside Inc., the managers are taking steps to ensure that employees are satisfied by recognizing their importance as brand ambassadors and by actively working to keep them happy. This approach is based on the understanding that satisfied employees are more likely to provide better customer service, be more productive, and contribute positively to the company's reputation and success. Employee satisfaction is a key component of a healthy workplace and is often linked to higher employee retention rates and improved business outcomes.
During 2017, paxon corporation's long-term investments account (at cost) increased $15,000, which was the net result of purchasing stocks costing $80,000 and selling stocks costing $65,000 at a $6,000 loss. also, its bonds payable account decreased $40,000, the net result of issuing $100,000 of bonds at $103,000 and retiring bonds with a face value (and book value) of $140,000 at a $9,000 gain.
Answer:
Find below the complete question:
During 2017, Paxon Corporation’s long-term investments account (at cost) increased $15,000, which was the net result of purchasing stocks costing $80,000 and selling stocks costing $65,000 at a $6,000 loss. Also, its bonds payable account decreased $40,000, the net result of issuing $100,000 of bonds at $103,000 and retiring bonds with a face value (and book value) of $140,000 at a $9,000 gain.
What items and amounts appear in the (a) cash flows from investing activities and (b) cash flows from financing activities sections of its 2017 statement of cash flows?
Use negative signs with answers, when appropriate.
Cash flows from investing activities
Purchase of stock investments $Answer
Sale of stock investments $Answer
Cash flows from financing activities
Issuance of bonds $Answer
Retirement of bonds $Answer
Net cash used by investing activities is -$15,000
Net cash used by financing activities is -$28,000
Explanation:
Firstly,it is imperative to know that the gains or losses on these transactions do not have cash flow impact since gains and losses are statement of profit or loss items.
Cash flows from investing activities
Purchase of stock investments -$80,000
Sale of stock investments $65,000
Net provided/(used) by investing activities -$15,000
Cash flows from financing activities
Issuance of bonds $103,000
Retirement of bonds -$131,000
Net cash provided/(used) by financing activities -$28,000
Retirement of bonds with face value of $140,000 at a gain of $9,000 implies that it retired at $9,000 less than its face value,which is $131,000
Two board groups within the human services industry include workers, who have direct contact with clients, and ___ who have little or no contact with clients
Answer:
Back office staff who have little or no contact with clients
Explanation:
Front end or client facing staff deal with customers on daily basis. Where as your back office staff do not have interaction with clients generally and focus more on administrative roles and responsibilities and other internal requirements of the company. Thus the name "back office" staff.
Two groups in the human services industry include workers with direct client contact, such as health care providers, and administrative staff who handle behind-the-scenes operations but do not typically engage with clients.
Two board groups within the human services industry include workers, who have direct contact with clients, and administrative staff who have little or no contact with clients. Administrative staff encompass a variety of roles that are critical to the functioning of human services organizations but do not typically involve direct service to clients.
These roles can include upper management and executives, finance and accounting personnel, IT professionals, human resources personnel, and other support staff. Essentially, they ensure that the organization runs smoothly and can fulfill its mission effectively.
For example, the Executive Director (ED) of a human services agency may not have direct contact with clients but is crucial in making strategic decisions and overseeing the organization to create a positive work environment. Similarly, individuals in public relations, like a staff member with the Association for the Blind, although indirectly affecting client outcomes, do not provide hands-on services to clients. They focus on community engagement, fundraising, and liaising with government agencies.
Some workers, such as health care providers including doctors, nurses, and therapists, often serve as the front line of direct client contact. Their roles are distinct in that they deliver direct services tailored to the individual needs of clients. Comparatively, those in the pharmaceutical industry work behind the scenes contributing to client care by developing and distributing medications, yet they typically do not interact with clients directly.
Inflation in the developing country of terbia has been rising over the last few years and is currently at a very high level. two stock market analysts, stanley durro and michelle thompson, are discussing the possible causes of inflation. michelle thinks that the real reason why prices are rising is because terbia's economy is expanding. stanley disagrees. he argues that the inflation is not demand driven; on the contrary, too much money in the economy is increasing the price level.
Answer:
C) The central bank has been increasing the target interest rate at regular intervals and it is now at its highest level in eight years.
Explanation:
Since the central bank has been increasing the interest rates in Terbia, this means that it has been engaging in a contractionary monetary policy. In other words, the central bank has been decreasing the money supply in Terbia. If the money supply has been decreasing constantly during the last 8 years, then the high inflation rate cannot be caused by an increase in the money supply.
CEO compensation is often in the news. In response to this, some CEOs at large companies have agreed to set their base pay at $1. In these schemes, CEO's make most of their compensation from___________.
Stock options and bonus's - in other words deferred compensation. These can be either vested or non vested, among other things.
Explanation:
The use of deferred compensation is usually tied to the performance of the company or vested so that the CEO must perform well for the company ot at least last a certain tenure. This is the bread and butter of executive compensation, there have been more creative ways in recent times however.
In these schemes, CEO's make most of their compensation from compensation for achieving long-term goals.
What do you mean by the CEO?The chief executive officer (CEO) holds the highest position within an organization and is in charge of putting into action the organization's current plans and policies, enhancing its financial stability, assisting with the ongoing digital business transformation, and establishing its long-term strategy.
The Chief Executive Officer (CEO) is a company's top executive. They are in charge of making sure the company turns a profit and achieves its objectives.
The CEO oversees the company's various departments, including operations, finance, marketing, sales, human resources, legal, compliance, and technology, while juggling the demands of staff members, clients, investors, and other stakeholders.
The CEO is ultimately accountable for the company's success or failure.
Therefore, in these schemes, CEO's make most of their compensation from compensation for achieving long-term goals.
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Which woman has the most valuable CLV?
Shirley: purchased $400 in December and spent nothing else the rest of the year for a total of $400.
Marcia: spent between $10 and $65 each month from December to November for a total of $355.
Answer:
Marcia
Explanation:
Marcia has the most valuable CLV (Customer life time value) as she continuously spents her money on the business.
Using the formula
CLV = Average value of customer purchase X Number of times the customer will buy each Year X Average length of the customer relationship (in years).
Marcia's CLV= $10 X 1 X 1 =$10
Shirley's CLV= $400 X 0 X 1=$1
Remember, the Customer life time value is a measure of a customer's worth to a business in terms of how much money they will spend on products during their life time.
Answer:
Marcia should have the highest CLV
Explanation:
there are several formulas for calculating customer lifetime value (CLV) but since the amount of information is limited, then I'll use the easiest one (for me at least).
CLV = T x AOV x AGM x ALT
T = average transactions per monthAOV = average order valueAGM = average gross margin (we are not given enough information)ALT = average life spanMarcia Shirley
T 12 per year 1 per year
AOV $355 / 12 = $29.58 $400
AGM N/A N/A
ALT since she is a regular client, 1
at least 2 years (this one and next)
Marcia's CLV = 12 x $29.58 x 2 = $709.92
Shirley's CLV = 1 x $400 x 1 = $400
Given the limited information, we can assume that Marcia is a much more valuable client than Shirley.
A catalog sales company promises to deliver orders placed on the internet within 3 days. follow-up calls to a few randomly selected customers show that a 90% confidence interval for the proportion of all orders that arrive on time is 88%plus or minus5%. what does this mean? are the conclusions below correct? explain. a right parenthesis between 83% and 93% of all orders arrive on time. b right parenthesis 90% of all random samples of customers will show that 88% of orders arrive on time. c right parenthesis 90% of all random samples of customers will show that 83% to 93% of orders arrive on time. d right parenthesis the company is 90% sure that between 83% and 93% of the orders placed by the customers in this sample arrived on time. e right parenthesis on 90% of the days, between 83% and 93% of the orders will arrive on time.
Answer:
The correct option is;
d. The company is 90% sure that between 83% and 93% of the orders placed by the customers in this sample arrived on time
Explanation:
The result of the follow up show that at a 90% confidence level, the proportion of the deliveries that arrived on time is between 93% and 83%.That is the highest proportion the company is confident arrived on time is 93% while the lowest proportion the company is 90% confident arrived on time is 83%.
Therefore, option d. (the company is 90% sure that between 83% and 93% of the orders placed by the customers in this sample arrived on time.
Confidence intervals help estimate population parameters. In this case, a 90% confidence interval for on-time deliveries implies 83% to 93% of orders arrive on time.
Confidence intervals help estimate the true value of a population parameter. In this context, a 90% confidence interval of 88% plus or minus 5% for on-time deliveries implies that we are 90% confident the true proportion of on-time orders is within the range of 83% to 93%.
The correct conclusion is:
Between 83% and 93% of all orders arrive on time.Therefore, the valid statement from the options provided is c which states that 90% of all random samples of customers will show that 83% to 93% of orders arrive on time.
Scot and Tiffany create an implied-in-fact contract. The parties’ conduct:
a. Demonstrates the existence of the contract and its terms.
b. Is not relevant to confirming the contract’s performance.
c. Is not relevant to the contract’s terms.
d. None of the above
_______ allows the use of sophisticated analytical techniques and very large amounts of data to help organizations develop insights about customers, processes and markets. A. data mining B. master data C. data entry D. horizontal data flow
Answer:
A. data mining
Explanation:
Data mining is a process which is used to understand a large sum of data and to extract critical and analytical information. It is a way to read the data in the best way possible to understand the pattern and information. It is used by organizations and firms to develop insight about customers, target market and marketing process.
Organizations and activities that are close to the end customer in a supply chain are said to be _______, while organizations and activities that are close to the supplier in the supply chain are said to be _______. a. downstream; upstream b. tier 1 suppliers; tier 2 suppliers c. inbound; outbound d. open-ended; closed-ended
Answer:
a. downstream; upstream
Organizations and activities that are close to the end customer in a supply chain are said to be downstream activities, while organizations and activities that are close to the supplier in the supply chain are said to be upstream activities.
Explanation:
Upstream activities are those activities which bring information, raw materials to your organization in order to turn them into finished goods. Anything coming inside of your organization is simply termed as upstream portion of your entire supply chain.
Whereas, anything which is going out of your organization is defied as the downstream activities, which are mostly finished products. It is the mechanism which helps you reaching your goods to the final consumers in an efficient way. Both upstream and downstream activities are very much important for any organization's supply chain. If managed properly, it can proved you with a sustainable competitive advantage which will be very hard for the competitors to meet.
Turner, a successful executive, is negotiating a compensation plan with his potential employer. The employer has offered to pay Turner a $600,000 annual salary, payable at the rate of $50,000 per month. Turner counteroffers to receive a monthly salary of $40,000 ($480,000 annually) and a $180,000 bonus in 5 years when Turner will be age 65.
a. If the employer accepts Turner's counteroffer, Turner will recognize $660,000 at the time the offer is accepted.
b. If the employer accepts Turner's counteroffer, Turner will recognize as gross income $55,000 per month [($480,000 + $180,000)/12].
c. If the employer accepts Turner's counteroffer, Turner will recognize $40,000 income each month for the year and $180,000 in year 5.
d. If the employer accepts Turner's counteroffer, Turner must recognize imputed interest income on the $180,000 to be received in 5 years.
e. None of these.
Answer:
b. If the employer accepts Turner's counteroffer, Turner will recognize as gross income $55,000 per month [($480,000 + $180,000)/12].
Explanation:
Given that
Turner annual salary = $600,000
Counteroffer to received a monthly salary = $40,000 or $480,000 annually
And, $180,000 bonus in 5 years at the age of 65
So the benefit he will be getting would be after accepting the counter offer is
= ($480,000 + $180,000) ÷ 12 months
= $660,000 ÷ 12 months
= $55,000
A company with monthly fixed costs of $170,000 expects to earn monthly operating income of $25,000 by selling 6,500 units per month. What is the company's expected unit contribution margin? Select one: a. $30 per unit. b. The information given is insufficient to determine unit contribution margin. c. $26 per unit. d. $22 per unit.
Answer:
$30
Explanation:
Sales made after the break-even point contribute to the profits. By use of the cost volume profit concept, operating income can be calculated by adding fixed cost to desired income then dividing by the contribution margin by unit.
I.e., Operating income = fixed costs + desired income
Contribution margin per unit
For this company,
Desired income = $25,000
Fixed cost = $170,000
Break even 6500 units
for this company
$25,000 = 6500units + $170,000
CM
6500 units = $25,000 + $170,000
CM
CM = $25,000 + $170,000
6500
CM =$195,000/6500
CM =$30
Which of the following is NOT true? (Present values are calculated from the end of the life of the option to the beginning.) A. An American put option is always worth less than the present value of the strike price B. A European put option is always worth less than the present value of the strike price C. A European call option is always worth less than the stock price D. An American call option is always worth less than the stock price
Answer:
A.An American put option is always worth less than the present value of the strike price
Explanation:
Put option refers to a stock market instrument which gives the holder an option to sell an asset at an agreed price on or before a particular date.
Each contract covers around 100 shares for stock options.
An American call option provides the holder with the right to purchase an asset, while a put option provides the holder an option to sell it.
A European option can be implemented only at the expiration date of the option and an American option can be implemented at any time before the expiration date.
An American put option is always worth less than the present value of the strike price.
So, option A. is correct
The statement that is false among the given options is C. A European call option being always worth less than the stock price. The value of a European call option is dependent on various factors like the strike price, time to maturity, risk free rate, and volatility of the return on the underlying asset.
Explanation:The statement that is not true among the provided selections is: C. A European call option is always worth less than the stock price. It's necessary to note that the worth of a European call option is not always less than the stock price. It's contingent on several factors, which include the price of the strike, the time to maturity, the risk free rate, and the volatility of the return on the underlying asset.
In contrast, statements A, B, and D are quite often true in various circumstances. For instance, both an American and European put option are typically worth less than the present value of the strike price, because these options only gain value if the stock price falls below the strike price. Similarly, an American call option is generally worth less than the stock price, although there are specific exceptions to this as well.
Keep in mind that options and their values are a complicated subject in finance, dependent on a multitude of varying factors.
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Martha makes a living working four different jobs. In the morning she walks dogs for four neighbors on her block, then she picks up and delivers groceries for Instacart. In the afternoons and evenings, she likes to either drive passengers around using Lyft or provide childcare using KangaDo. What term best describes the modern type of economy that creates Martha’s employment options?
Answer:
Gig
Explanation:
The workers who drive your Ubers, shop for your groceries, and show up at your house to hang your pictures are part of what’s known as the “gig economy.” This refers to a way of working that doesn’t involve stable, full-time employment with one company but rather a series of freelance jobs (“gigs”) that may take advantage of individuals’ unique skill sets but that provide neither stability nor benefits.
Jerome, a manager at Welford Nonprofit Group, is known for his selflessness and willingness to give to others. He likes working in the nonprofit sector because he wants to apply his leadership drive and skills to serve others who are less fortunate. Based on this information, which type of leader best describes Jerome?
Answer:
Servant leader
Explanation:
A leader can be defined as an individual who is incharge of all the activities that is carried out in a group. A good leader must possess that ability to be able to inspire and motivate others. A leader must also be able to assert authority in the group.
A servant leader is a leader who values and takes into consideration the opinions of other members of the group.
A servant leader is committed to the growth and well being of the members. He/she must be an active listener and must be ready to profer solutions to the various problems faced in the group.
Answer:
Servant leader
Explanation:
Servant leadership is a leadership philosophy in which the main goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.
Examples of servant leadership can be best found in certain religious and political leaders. Characteristics of a servant leader include active listening, empathy, healer, awareness, persuasion, foresight, conceptualization, stewardship, commitment to growth and emancipation, and community building.
Tri-state Financial Corporation hires Uri, a real estate agent, to locate investment properties for Tri-state. Uri learns of a warehouse available for $100,000, informs Tri-state, and makes an offer of $90,000 on Tri-state's instruction. The offer is rejected. Uri
A.the agent's fiduciary duties to the principal.
B.did nothing wrong.
C.failed to take advantage of a business opportunity.
D.made an unreasonable offer based on current market value.
Answer:
A.the agent's fiduciary duties to the principal.
Explanation:
Uri breaks the agent's duty to obey the principal. An agent must act in the best interests of the principal and not in the best interests of his or her own. The agent is paid to act on behalf of the principal, and by taking advantage of his position, the agent expressly terminates his contract with the principal. Therefore, the principal can sue the agent and recover damages.Sean checked the clock and saw that it was 10:00 a.m., which was the time the group had agreed upon to start the meeting. Clearing his throat to get the attention of his coworkers, he jumped right into explaining the project. Sean is taking on which role?
A. task
B. relational
C. individual
D. social
Answer:
A, task
Explanation:
A task can be defined as a of job or activity that needs to be accomplished within a specified period of time. It can also be said to be an activity that is meant to be completed within a time frame that is aimed towards a work-related goal.
A task can also be defined as a bit part of a larger project that is aimed at completing the project.
Completing a task requires coordination of other individuals involved in the task. The coordination brings about a synchronization of time, effort, energy, etc.
In the above question, Sean is taking on the task of starting and conducting the meeting as agreed to by members of the group; at 10a.m.
Cheers.
Answer:
Option A. Task
Explanation:
Sean is actually executing the plan that he has set and this execution of the plan involves performing of tasks that are very important to achieve the purpose of the plan. So suppose if had planned to get up early in the morning to go for jogging to have a better health. So if I don't get up early in the morning and going for jogging which is the task role then I will not achieve the purpose of the plan, which is having good health. So here Sean is performing the tasks (Taking the task role) to achieve the purpose of the plan.
Because this allocation method recognizes that service departments often provide each other with interdepartmental service, it is theoretically considered to be the most accurate method for allocating service department costs to production departments. This method is:
Answer: Reciprocal method
Explanation:
Under reciprocal method the cost incurred is allocated to other departments using some equations. Using this method the costs can be accurately distributed. It is also a complicated method of allocating the costs. The service department costs are allocated to and from other service departments.
The overhead costs are allocated based on the objective method. The service department costs can be allocated to the production departments and other departments. The efficiency of the service departments can also be identified.
Weyerhaeuser is evaluating its complete product mix. It wishes to decrease marketing expenditures and streamline its product offerings. Weyerhaeuser will most likely look at products in the ____ stage of the product life cycle as possibilities for elimination.
Answer:
Decline
Explanation:
The product life cycle time can be defined as the process that a product undergoes beginning right from it's inception into the market until it declines or is removed from the market. The product life cycle has four stages namely:
- Introduction
- Growth
- Maturity
- Decline.
In the decline stage the sales of the product reduce drastically at a very high rate. The organization tends to lose a lot of shares in the market.
In the decline stage the product is threatened with low sales and eventual removal from the market if the company does not come up with a new designing and rebranding approach.
An insured has medical insurance coverage through 2 different providers, both covering the same expenses on an expense-incurred basis. Neither company knows in advance that the insured has coverage through any other insurers. The insured submits a claim to both insurers. How should the claim be handled?
Answer:
Contribution act of settling claims will be used
Explanation:
The contribution which is one of the principles in insurance business means when two insurance company comes together to settle a claim on a subject matter they insured in common, according to the extent of peril covered under each policy.
In this case where the both policy from the two insurance company covers the same extent under the health insurance, they are going to share the claim amount equally (i.e. 50:50)
Say the total benefit to be paid as a result of permanent disability is $50000, in this scenario, Insurance company A will pay $25000 and Company B will also pay $25000. This is because both policies cover the insured with the same benefit and conditions.
Answer: The Contribution method can be used by the 2 insurance companies to settle the claim.
Explanation: Insurance refers to a risk sharing whereby the insured is indemnified by the insurer when there is an eventuality.
According to Medi-claim insurance rules, one cannot make claims with two insurance companies at the same time. Two insurance companies cannot pay for the exact same claim.
However, a claim can be split between the 2 insurance companies depending on certain terms. Moreso, in a situation where the claimed amount is higher than the sum insured under the policy on which the insured has first made the claim, he can claim the balance amount from the second indemnity policy.
Tejasi brings suit against her employer under Title VII for disparate treatment on the basis of Texas's national origin. At trial, Tejasi proves that she is an Indian immigrant and that she was demoted at work after her boss stated to several coworkers: "Outsourcing is sending all of the good American jobs to India. I cannot believe that companies are giving good jobs to Indians in our own country, too." Tejaswi employer argues that her demotion was based on her poor performance and offers a poor review Tejasi received one week after the boss made his comment and one day before the demotion. Will Tejasi win her suit
Answer:
Yes
Explanation:
First, the law is against the action she claims her employer did.Secondly and more importantly is the fact that she has enough evidence to prove that the review of her performance by her employer was discriminatory. This facts are strong prove;Tejasi received the poor review one week after the boss made his comment and one day before the demotion.
A writer’s company has just adopted a policy of employee e-mail surveillance to determine which employee is leaking confidential information. Because the writer knows that this policy will be unpopular with company employees, which is the best strategy for announcing this new policy to employees in a memorandum?
Answer:
present the reasoning behind the new policy and then state the policy
Explanation:
Based on the scenario being described within the question it can be said that the strategy for this would be to present the reasoning behind the new policy and then state the policy. By doing so it would help employees understand why this policy is being put into effect and they will be less likely to object to this decision. It will ultimately make the entire process better.
Plan A has a fixed cost of $10 and a variable cost of $0.05 per minute $0.10 per MB. Plan B has no fixed cost and a variable cost of $0.25 per minute $0.20 per MB. What is the point of indifference between the two plans
The point of indifference between the two plans is "40 minutes & 20MB, but it's not unique."
This is because with 40 minutes, plan A would be $2, and at 20MB, it will be $2, plus a fixed cost of $10, making a total of $14.
This is evident in the fact that
At 40minutes × $0.05 => $2;
Also, at 20 MB × $0.10 per MB => $2;
Add the Fixed cost of $10
We have a total => $14.
On the other hand, plan B also has a combined total of $14 at 40 Minutes and 20 MB.
This is evident in the fact that
At 40minutes × $0.25 (variable cost,)=> $10;
Also, at 20 MB × $0.20 per MB => $4
The total cost is $14.
Not that the point of indifference is the point at which the amount of total costs, and profits, are exact using different cost systems.
Hence, in this case, it is concluded that the correct answer is "40 minutes & 20MB, but not unique."
The available options are the following:
(A)40 minutes & 20MB and its unique
(B)20 minutes & 40MB and unique
(C)20 minutes & 40MB, but it's not unique
(D)40 minutes & 20MB, but it's not unique
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Alex is a law attorney at Cooper Enterprises. His client, Maggie, is seeking a divorce from her husband of two years. Since she is unemployed, Alex recommends that she should apply for alimony. Maggie is unable to understand the term used by Alex. Alex explains to her that she can request her husband to pay for spousal support after divorce. In this scenario, the term "alimony" exemplifies _____
A) kinesics
B) synergy
C) jargon
D) feedback
Answer: C.) jargon
Explanation: Based on differing fields, profession or line of expertise, some words or terms are usually reserved to connote a special relevance or usage within such field. In many cases, these words are usually popular only within the circle of such profession and usage is usually rampant within professionals or individuals in such field. Such terms which are usually specific to a profession or field and may be difficult for those outside the profession to understand are called JARGON. In the context above, Alimony is usually used within the legal setting to mean a husband's provision package to his spouse after separation.
Final answer:
In this scenario, 'alimony' is an example of legal jargon, a specialized term used in the context of law to denote financial support paid by one ex-spouse to another post-divorce.
Explanation:
In the given scenario, the term "alimony" exemplifies C) jargon. Alimony refers to financial support that a non-custodial spouse may be required to pay to an ex-spouse following a divorce. This support can be rehabilitative, assisting the recipient in becoming self-sufficient, or compensatory, recognizing contributions made during the marriage.
The court determines the necessity and amount of alimony based on factors like the length of the marriage, the age and health of both parties, and their incomes. Alimony is often awarded to the financially dependent spouse and can be more commonly granted to females. Unsettled emotional and psychological issues following a divorce, as mentioned in the reference to Paul Bohannon's levels of divorce, can impact an individual's ability to move on and may reinforce the need for such support.
Marketing ethics is most important for advertising agencies. maximizes an organization's positive impact on society. refers to principles and standards that define acceptable conduct in marketing. are laws and regulations that govern marketing.
Answer:
Marketing ethics refers to principles and standards that define acceptable conduct in marketing.
Explanation:
Marketing ethics is just important for advertising agencies as the advert agencies is just one section of the marketing profession,the ethics should be upheld by all marketing professionals.
Marketing ethics are not in actual sense laws and regulations that govern marketing they are acceptable ways by which marketing experts conduct themselves.
Yes, it is true that that one of the benefits is that the ethics would maximize organization's positive impact on the society, but it does not define in its entirety what marketing ethics is all about.
Answer: The correct option is C.
Marketing Ethics refers to principles and standards that define acceptable conduct in marketing.
Explanation: The definition of ethics is given as the set of moral principles and standards that guide the attitude or behavior of a person, group of persons, or an organization.
We can therefore say that Marketing ethics refer to the moral principles, values, and standards that must be followed when carrying out any kind of marketing communication. They are the general set of principles which companies need to adhere to, in order to adopt their marketing strategies.
An example of marketing ethics can be seen when companies adopt to be very honest and maintain their integrity when carrying out their marketing campaigns.
In 2008, Jiffy Lube began a marketing campaign which encouraged women to focus on their cardiovascular health. Jiffy Lube's "Maintenance Partners for Life" combines the concepts of maintaining heart and vehicle health, while seeking to raise $1 million in support of the American Heart Association's current "Go Red for Women" campaign. Jiffy Lube is engaging in:
cause marketing
Answer:Cause marketing
Explanation:
Cause marketing is the strategy where the motive is to increase the profits of the organisation as well as have concern for the society. Jiffy Lube marketing campaign includes a social cause of maintaining the cardiovascular health and also through this campaign they are trying to raise $1 million which is monetary based.
So cause marketing is for both creating awareness about the cause and also to raise funds to support the campaign. The brand's message is also given as well as the profits are also made through this campaign.
Jiffy Lube's 'Maintenance Partners for Life' campaign is an example of cause marketing. This type of marketing strategy involves a company aligning its promotional campaigns with a charitable cause, benefiting both the company and the cause.
Explanation:In 2008, Jiffy Lube launched a campaign called 'Maintenance Partners for Life' focusing on both heart and vehicle health, aiming to raise $1 million for the American Heart Association's 'Go Red for Women' campaign. This strategy, in which a company aligns its marketing efforts with a charitable cause, is known as cause marketing.
Cause marketing, can enhance a company's public image, increase their customer base and boost sales, while also supporting a worthwhile cause. Jiffy Lube's campaign perfectly exemplifies a strategic approachthat benefits both the charitable organization and the business itself.
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Public Relations is: a) The most persuasive promotional tool b) Easy to measure the effectiveness of c) The media's portrayal of news related to brands and companies d) Any activity designed to create and maintain goodwill toward an organization e) Designed to impact immediate sales
Answer: Public Relations is d) Any activity designed to create and maintain goodwill toward an organization.
Explanation:
The term Public Relation refers to the sharing of business-related information of concerned firms to the public through sources like balance sheet statement release for every financial year. Secondly, through the pubic relation task activities, All the firms publish the facts and figures which linking with sales margin and the list of consumers who have strong liaison with the particular firms.
Public Relations helps firms to earn a good reputation and a good image among the common public by maintaining strong relations with all the firms. The strategy of public relations considered as the vital component to display the useful information of the firms to the public.
Final answer:
Public Relations is an activity designed to create and maintain goodwill toward an organization, and not necessarily for immediate sales or purely informational content like media/journalism. PR includes press releases and conferences and is focused on long-term reputation, not easily measurable in terms of effectiveness.
Explanation:
The definition of Public Relations (PR) is centered around activities that are designed to create and maintain goodwill towards an organization. Unlike journalism, which aims to inform the public in a neutral manner, PR is about positively influencing the public perception of an individual or organization. PR is carried out through various means such as press releases, press conferences, and message targeting through campaigns. However, PR should not be misconstrued as a means for immediate sales; its purpose lies more in shaping long-term reputation and trust.
It is also important to differentiate between PR and media's portrayal. The media may cover PR activities or news related to brands but is traditionally a separate entity that includes professionals such as journalists and reporters. With the advent of social media, the separation can sometimes blur; nevertheless, the objective of journalism remains to provide accurate and credible information to the public, free from the influence of PR's persuasive intentions.
Moreover, the effectiveness of PR is not easy to measure because its impact is often long-term and qualitative rather than immediate and quantitative. While the media relies on advertising revenue and the number of viewers or readers to survive, PR focuses on the strategic communication processes that build mutually beneficial relationships between organizations and their public.
Stan paid an insurance company $50,000 for a fixed annuity when he was 50 years old. At age 62, Stan plans to begin to receive payments from the insurer. There are no guarantees on the number of payments he will receive. Based on the description provided, what happens if Stan dies at age 60?
A. Stan's beneficiary will receive nothing from the insurance company.
B. Stan's beneficiary will receive the investment income earned from age 50 to 62, but the insurance company will keep the $50,000 to supplement payments to other annuitants.
C. Stan's beneficiary will receive monthly payments until the $50.000 Stan paid is returned.
D. Stan's beneficiary will receive the $50,000 Stan paid and the insurance company will keep all the investment income earned from age 50 to 62.
Answer:
Option d) Stan's Beneficiary will receive the 50,000 USD that Stan paid and the insurance company will keep all the investment income earned from age 50 to 62.
Explanation:
So, we know that the correct option is D. Let's give you some briefing about fixed annuity.
So what is annuity:
Annuity is a contract or a product through which people get fixed payments once they retire. Those payments are made depending upon the total amount submitted by the individual.
Here, in this case, Stan paid fixed annuity of 50,000 USD when he was 50 years old. And financial companies starts to release the payments to individual after a selecting number of years later in the future for example in this case it is 62 which means 12 years after the deposit. But the individual expires before 62 and it doesn't mean that the family of that person will get nothing out of that massive 50,000 USD.
So, the rule is, Stan's family will get that initial amount invested and the company will get the amount of money earned during the period of 50 to 62 years out of that 50,000 USD invested.
This is only the case in option D. so the correct option is D.
A. If Stan dies at age 60, his beneficiary will receive nothing from the insurance company because the fixed annuity payments were scheduled to start only at age 62.
Based on the description provided, the answer is: A. Stan's beneficiary will receive nothing from the insurance company. This is because a fixed annuity typically only starts payments at a predetermined future date, and if the annuitant dies before that date, the initial investment is typically forfeited, as in Stan's case. Since there are no guarantees on the number of payments he will receive, if he dies before the payments begin, no money is paid out to his beneficiary.
Price is considered to be the variable in the marketing mix that is
Answer:
Most flexible.
Explanation:
Price is considered to be the variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.
In Marketing, price can be defined as the amount or value that is being exchanged usually money, in order to acquire goods in a business transaction.
Final answer:
Price within the marketing mix is a sensitive variable that firms adjust carefully, due to 'menu costs' and potential customer reaction. Additionally, price can signal product quality in situations where consumer knowledge is limited.
Explanation:
The discussion of price within the marketing mix highlights its dynamic and sensitive role in the economy. According to some modern Keynesian economists, prices, similar to wages, can be 'sticky' and don't change rapidly in response to market conditions. When firms consider changing prices, they face menu costs, which include using company resources to analyze the market, update sales materials, and change labels. Furthermore, if prices change too often, it could lead to customer confusion or dissatisfaction. From a macroeconomic perspective, altering prices through the whole economy is a gradual process due to these associated costs and customer relations. Additionally, in situations of imperfect information, the price can also act as a signal of quality, influencing purchasing decisions when product knowledge is insufficient.