Answer:
goal
Explanation:
Based on the scenario being described within the question it can be said that this is an example of a goal of the pre-approach step. This is because the pre-approach step in this process focuses on learning as much as possible about the potential customer and preparing in order to find the best way to sell them the product/service. Which is what Jonathan is trying to accomplish with the presentation.
Donatello Co. has identified an activity cost pool to which it has allocated estimated overhead of $9,600,000. It has determined the expected use of cost drivers for that activity to be 800,000 inspections. Widgets require 200,000 inspections, Gadgets 150,000 inspections, and Targets 450,000 inspections. How much is the overhead assigned to each product
Answer:
$9,600,000
Explanation:
The computation of overhead assigned to each product is shown below:-
Overhead rate activity = Total overhead cost ÷ Total number of activity
= $9,600,000 ÷ $800,000
= $12
So, the Total overhead assigned to each product = (Widgets × Overhead rate activity) + (Gadgets × Overhead rate activity) + (Targets × Overhead rate activity)
= ($200,000 × 12) + ($150,000 × 12) + ($450,000 × 12)
= 2,400,000 + 1,800,000 + 5,400,000
= $9,600,000
Therefore for computing the overhead assigned to each product we simply applied the above formula.
Because your department has not reached its sales quota, your boss has asked you to change figures to show that sales were higher than they actually were. Which of the following questions is not important as you decide what to do?
- Is the action you are considering legal?
- Are there better alternatives?
- Would family, friends, or coworkers approve?
- What is the best channel of communication to use in
responding to your boss?
Mezzanine lenders will occasionally include features like "PIK Toggle"s, which allow the borrower to "pay" its interest by rolling it into the loan balance. Thus, if the company can't make an interest payment as normally scheduled, it can defer some or all of the interest for a period of time. This is one of the reasons why borrowers like mezzanine debt. True or false?
Answer:
True
Explanation:
Under PIK loan, the borrower doesn't have to make cash interest payment instead, the interest accrues to the amount of the principal loan which continues to increase over time.
A PIK "toggle" allows the company to choose whether to pay the interest in cash or have it accrue to the principal.
Jose owns an ice cream and frozen treat restaurant and is considering adding new menu items. He recently met with the representative of a yogurt company who is trying to convince Jose to add the frozen yogurt to his menu. Jose has never offered a yogurt product in the restaurant and has concentrated on ice cream items. The yogurt product would not need a different freezer or dispensing unit, so the investment would be similar to changing flavors of ice cream. However, since he’s never offered yogurt, he’s unsure what the market response will be and how much profit he can achieve with the frozen yogurt. What type of purchasing decision does this represent for Jose?
Answer:
A. Modified rebuy
Explanation:
There are three types of buying situation:
1. Modified rebuy
2. Straight rebuy
3. New task
1. Modified rebuy: This is a buying situation in which an individual or organisation buys goods that have been purchased previously but changes either the supplier or some other element of the previous order. It is a buying situation in which the buyer wants to modify product specifications, prices, terms, or suppliers.
2. Straight rebuy: It is also known as Extensive problem solving situation. Customers are aware of his or her choices, what they are searching for, his/her needs which is based on personal experience of the customer or friends and families.
3.The new task: This is a business buying situation in which the buyer purchases a product or service for the first time. The buyer has no past experience about the products. It takes a longer time for the buyer to decide because of the risk involved.
Bezel Systems is introducing a few organization-wide changes. A coalition of employees will clearly lose out from the proposed changes and they have enough power to cause the change effort to fail. Assuming that the change effort can proceed slowly and cost is not an issue, the preferred strategy for dealing with this resistance tochange is: A. communication.B. employee involvement.C. stress management.D.negotiation.E. coercion.
Answer:
D. Negotiation
Explanation:
Bezel Systems can use the negotiation strategy in introducing the organzation-wide changes.
Negotiation can be defined as a strategic method of resolving an issue in a way that both parties involved find acceptable. It is a method of settling differences.
Each party involved in negotiation tries to persuade the other party to agree with his or her point of view. It is a process of reaching an agreement between two parties.
Negotiation takes place between two or more parties such as between a seller and a buyer, employers and employees, government of two countries. It helps a firm to reach it goals without causing disputes.
Jameson works for fishy-mart corporation, a chain of superstores that sells large quantities of seafood. his job is to locate future sites for fishy-mart stores. jameson finds a piece of real estate near a coastline that would make a great site for a fishy-mart store. he asks his friend to purchase the property from its current owner and has a secret agreement with his friend to split the profits when he sells the property to fishy-mart. jameson, without disclosing his interest in the property, recommends the site to fishy-mart, which then purchases the property from jameson's friend. the friend splits the profits with jameson. what breach of the duty of loyalty has jameson committed
Answer:
The options are given below:
A) usurping a corporate opportunity
B) self-dealing
C) competing with the corporation
D) proxy
The correct option is B. Self-dealing.
Explanation:
Self-dealing is a phenomenon whereby a fiduciary acts in his/her own best interests in a transaction rather than in the best interest of his/her clients. It is a representation of a conflict of interest and is considered an illegal act, which can lead to litigation, penalties, and termination of employment of those involved.
An example of self-dealing is given in the question above, another example is when an officer in a company would only award a contract to a vendor based on the condition that the vendor must provide an internship to the officer's son.
In summary therefore, self-dealing generally involves an individual benefiting — or attempting to benefit — from a transaction that is being executed on behalf of another party.
Danny is an associate with Valley Chartered Accounts in New York. Among various other work commitments, Danny has to file the tax returns of Emerald Builders, an important client. It is a job with heavy workload and a short turnaround deadline. Sam, Danny's colleague, observed this stressful situation and volunteered to assist Danny in meeting the deadline. The support received by Danny can be best described as _____.
A. marginal support
B. physiological support
C. emotional support
D. adaptive support
E. instrumental support
Answer:
E. instrumental support
Explanation:
Instrumental support is generally the assistance or support an individual receives from their colleagues that is tangible.
Sam, Danny's colleague, observing his stressful situation and then volunteered to assist Danny in meeting the deadline is an example of an instrumental support.
Answer:
instrumental support
Explanation:
Instrumental support are tangible help that are provided by others to a person. It is what people physically do to assist others. For example providing money, clothes, and so on.
Emotional support on the other hand involves activities such as listening and offering sympathy.
Danny has a heavy workload with a short turnaround time. Sam volunteered to assist Danny in meeting the deadline.
As a part of ford's sponsorship package, the company received a commercial between every other commercial break during a televised baseball game. the number of times the commercial was shown refers to its _____. frequency reach aida model unique selling proposition direct marketing
Answer:
Frequency
Explanation:
AIDA is an acronym that stands for attention, interest, desire and action. The model demonstrates the perceptible stages of mind, a consumer goes through during the consumer buying process.
Attention refers to attracting a target group's attention. It refers to the content of the advertising message which arouses attention of the prospect.
Interest refers to sustenance and maintenance of the attention created in the first step. Herein, the benefits and different uses of the products are emphasized.
Desire refers to the stage when the prospect's interest in the product transforms into desire for purchase. Here, the marketer distinguishes his products from those of the competitors and the reason prospect shall consider buying them.
Action refers to the stage wherein the desire is acted upon by the prospect and finally the purchases are made. This means such activities should induce the purchase action from the prospect.
In the given case, the company received commercial between every commercial break during a televised game. The number of times the commercial is shown denotes it's frequency.
Sandhill Co. bought equipment for $600000 on January 1, 2016. Sandhill estimated the useful life to be 4 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2017, Sandhill decides that the business will use the equipment for a total of 9 years. What is the revised depreciation expense for 2017
Answer:
yes vvcvf
Explanation:
Dakota corporation 15-year bonds have an equilibrium rate of return of 9 percent. for all securities, the inflation risk premium is 1.60 percent and the real risk-free rate is 3.30 percent. the security's liquidity risk premium is 1.05 percent and maturity risk premium is 1.65 percent. the security has no special covenants. calculate the bond's default risk premium.
Answer:
1.40%
Explanation:
The computation of the default risk premium is shown below:
As we know that
Default risk premium = Required rate of return - risk free rate of return - Inflation premium - liquidity premium - maturity risk premium
= 9% - 3.30% - 1.60% - 1.05% - 1.65%
= 1.40%
By applying the above formula we can get the default risk premium
Final answer:
To calculate the default risk premium for Dakota Corporation's 15-year bonds with a given equilibrium rate of return and other known risk premiums, subtract the sum of the real risk-free rate, inflation risk premium, liquidity risk premium, and maturity risk premium from the total rate of return. The default risk premium is found to be 1.40%.
Explanation:
The student is asking how to calculate the default risk premium for the Dakota Corporation's 15-year bonds. Given that the equilibrium rate of return is 9%, the inflation risk premium is 1.60%, the real risk-free rate is 3.30%, the liquidity risk premium is 1.05%, and the maturity risk premium is 1.65%, the default risk premium can be calculated as follows:
Total return = real risk-free rate + inflation risk premium + default risk premium + liquidity risk premium + maturity risk premium
9% (Total return) = 3.30% (real risk-free rate) + 1.60% (inflation risk premium) + default risk premium + 1.05% (liquidity risk premium) + 1.65% (maturity risk premium)
Therefore, to find the default risk premium:
Default risk premium = Total return - (real risk-free rate + inflation risk premium + liquidity risk premium + maturity risk premium)
Default risk premium = 9% - (3.30% + 1.60% + 1.05% + 1.65%)
Default risk premium = 9% - 7.60%
Default risk premium = 1.40%
The balance sheet approach for determining expatriate compensation adjusts the manager's compensation so that it gives the manager the same standard of living as in the home country plus extra pay for the inconvenience of locating overseas.A. TrueB. False
Answer:
True
Explanation:
The balance sheet approach for determining expatriate compensation adjusts the managers' compensation so that it gives the manager the same standard of living as in the home country plus extra pay for the inconvenience of locating overseas.
What is the best description of a professional e-portfolio? A collection of digital files that collects, compiles, and highlights your academic achievements over time A collection of digital files that is designed to share with family and friends A collection of digital files that provides a snapshot of a candidate’s talents, accomplishments, and technical skills
Answer:
A collection of digital files that provides a snapshot of a candidate’s talents, accomplishments, and technical skills
Explanation:
A professional e-portfolio includes more than just your academic achievements, it should include an electronic collection of your professional and personal experiences, highlighting your successful projects and other relevant work and recreational activities.
The greatest benefit of a professional e-portfolio is that it is easier to store and access, and also share with others.
Brett, a marketing associate at Brix Inc., got stuck in a massive traffic jam while commuting to work. Consequently, he missed an important meeting with a potential client. Ethan, his manager, was furious. He assumed that Brett missed the meeting because he was irresponsible and lazy. In this scenario, Ethan's perception of Brett represents a _____.
Answer:
c)fundamental attribution error
Explanation:
It can be said that in the scenario described in the question above, Ethan's perception of Brett represents a fundamental attribution error.
This is a concept of social psychology that analyzes and describes the behavior of individuals to overestimate the personal characteristics of certain people in order to obtain a result and not to observe and ignore the whole context of the situation, as was the case in the question, as Ethan ignored the context of the situation that caused Brett to be late, who got stuck in traffic and assumed that he missed the meeting because he was irresponsible and lazy.
Truzan Creations, one of the leading names in the handicraft industry, recently launched a new artifact in the market. The company uses a database to store information on the number of products manufactured, the weekly sales, the list of suppliers, and the profits achieved. The process component of the information system is used to conduct analysis on the data to generate information about sales. Which can be used by Truzan Creations to generate predictions for its next sales period?
Answer:
The options are listed below:
A) Forecasting models
B) Estimation graphs
C) Modeling charts
D) Theoretical hypotheses
The correct option is A
Explanation:
Forecasting models are used in making predictions about future events based on the analysis of past and present data. Forecasting is a tool that is used for decision-making by many businesses in order to help in budgeting, planning, and estimating future growth.
Therefore, in the scenario presented above, in order to generate predictions for its next sales period, by analyzing the data on sales that is present, Truzan Creations will need forecasting models.
Lucas orally agrees to sell his Mountain Spring Water Company to Natural Beverages, Inc. Lucas notes the terms on a sheet of Mountain Spring stationery and signs it. This agreement is most likely enforceable against __________.A) no one.
B) Lucas and Natural.
C) Lucas.
D) Natural.
Answer:
C) Lucas.
Explanation:
Both UCC and the statute of frauds require that this sale agreement must be written. UCC states that contracts over $500 must be in writing and I suppose the company is worth more than $500. The statute of frauds requires that contracts involving real property, and now again I suppose that Mountain Springs has at least one real property, need to be in writing.
Both regulations establish that a signature must be present in order for the contract to be binding. Since Lucas signed the agreement (it doesn't have to be a contract, only an agreement), then it is enforceable against him. But it is not enforceable against Natural Beverages since they didn't sign it.
The Shannon Community Kitchen provides hot meals to homeless and low-income individuals and families; it is the organization's only program. It is the policy of the community kitchen to use restricted resources for which the purpose has been met before resources without donor restrictions. The Kitchen had the following revenue and expense transactions during the 2020 fiscal year.
1) Cash donations without donor restrictions of $25,000 were received. A local philanthropist also contributed $3,000, which was to be used for the purchase of Thanksgiving dinner foodstuffs.
2) A local grocery store provided fresh produce with a fair value of $100. The produce was immediately used.
3) The Kitchen received a $5,000 federal grant for the purchase of institutional kitchen appliances.
4) At Thanksgiving time, the Kitchen spent $4,100 on foodstuffs for preparation of the Thanksgiving dinner.
Answer:
THE SHANNON COMMUNITY
KITCHEN GENERAL JOURNAL
Particulars Debits Credits
1.CASH DEBIT 28,000
CONTRIBUTIONS—UNRESTRICTED Credit 25,000
CONTRIBUTIONS—TEMPORARILY RESTRICTED Credit 3,000
2.PROGRAM EXPENSES Debit 100
CONTRIBUTIONS—UNRESTRICTED Credit 100
3.CASH Debit 5,000
CONTRIBUTIONS—TEMPORARILY RESTRICTED Credit 5,000
4.PROGRAM EXPENSES Debit 4,100
CASH Credit 4,100
Explanation:
Candy Claws Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $19,500 Deposits in transit 900 Notes receivable and interest collected by bank 4,800 Bank charge for check printing 120 Outstanding checks 12,000 NSF check 1,020 The adjusted cash balance per books on August 31 is
a. $11,160.
b. $12,060.
c. $23,160.
d. $24,060.
Answer:
c. $23,160
Explanation:
Adjusted cash balance per books as at August 31
Cash balance per book $19,500
Add Notes receivable and interest collected by bank $4,800
($19,500+$4800) $24,300
Less:(Deposits in transit $900
-NSF check 1,020) ($120)
NSF check (1,020)
Cash balance per books $23,160
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $3,800 worth of jewelry and $2,800 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance? Show your work.
Answer:
$ 3100 loss amount is not covered by insurance.
Explanation:
Amount not covered under insurance = Amount lost - Maximum Insurance Amount
For Jewellery : Jewellery lost - maximum jewellery amount cover = 3800 - 1000 = 2800 For Silverware : Silverware lost - maximum silverware amount cover = 2800 - 2500 = 300So, Total Amount loss not covered = Loss at jewellery + loss at silverware
= 2800 + 300 = $3100
In the given scenario, $3,800 worth of jewelry and $2,800 worth of silverware were stolen. After calculating based on the coverage limits, the total amount not covered by insurance is $3,100.
Most home insurance policies cover jewelry for a specified amount and also have a coverage limit for silverware unless additional insurance is purchased. Given the scenario where $3,800 worth of jewelry and $2,800 worth of silverware were stolen, we need to determine what amount of the claim would not be covered by the standard insurance policy.
Here's the calculation step-by-step:
The insurance covers $1,000 for jewelry. Since $3,800 worth of jewelry was stolen, the amount not covered for jewelry is $3,800 - $1,000 = $2,800.For silverware, the insurance covers $2,500. Since $2,800 worth of silverware was stolen, the amount not covered for silverware is $2,800 - $2,500 = $300.To find the total amount not covered by insurance, we add the not covered amounts for both jewelry and silverware: $2,800 (jewelry) + $300 (silverware) = $3,100.Therefore, the total amount of the claim that would not be covered by the insurance is $3,100.
Assume Japan begins with its economy running at full employment. If the Japanese government increases government expenditures the AS/AD model shows that in the short run, A. the AD curve will shift out, causing an increase in Japanese output and in the Japanese price level. B. the AS curve will shift out, causing an increase in Japanese output and in the Japanese price level. C. the AS curve will shift out, causing an increase in the Japanese price level, but not change in output. D. the AD curve will shift out, causing an increase in the Japanese price level, but not change in output.
Answer:
D) the AD curve will shift out, causing an increase in the Japanese price level, but not change in output.
Explanation:
If the government starts to increase spending, the total income will increase, shifting the AD curve outwards. Generally this situation would increase both the general price level (inflation) and total output (AS curve). But since the economy is already at full employment, real output will increase minimally (if any increase at all). The largest effect will be felt in the rise of inflation.
An insurance company assesses all employees' current job skills and creates road maps for them outlining the competencies they need to advance within the company. The company then makes sure they get the training they need, including coaching and mentoring, classroom training. This is an example of________.
a) making a career development plan.
b) succession management.
c) re-structuring.
d) ethical assessment.
Answer:
The correct answer is B
Explanation:
Succession management is the term which is defined as the procedure that is systematic to recognize or identify as well as develop or create individuals with the potential to advance to the university. And aiming on the development of the key or vital skills prepare the individuals for the variety of the roles.
This management aims on building the robust leadership map as well as establish the talent benches for the vital positions.
Therefore, the example which is mentioned or stated for the insurance company is of succession management.
In the case when the company get the training so this represent the option b. succession management.
What is succession management?
It refers to the management where the process of identifying or creating the individuals should be seen also their potential for advancing should be considered. Here the aim of creating or developing the skills for preparing the individuals for the various kind of roles should be considered.
Therefore, the option b is correct.
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Madison Taylor, RHIA, will be attending an AHIMA conference on information governance Friday from 7:00 PM to 9:00 PM and Saturday from 8:30 AM to 4:30 PM with 90 minutes for lunch. This represents ___ of her hours for her continuing education cycle. (Report a whole number.)
Answer:
28%
Explanation:
She is an RHIA, which requires 30 hours of continuing education every two-year cycle.
Hence, 8.5/30 = 28.3 =28%( to the nearest whole number).
An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained
Complete Question:
An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be
Answer:
TRUE
Explanation:
The reason is that the inventory system includes the management of the inventory which includes the decision making related to:
How much to purchase?
What to purchase?
When to Purchase?
When to deliver raw materials and receive the finished goods from the production house?
It also involves the control system designed to control the flow of the inventory and policies in place to maintain and manage the inventory.
So the statement is true.
Emma works as a receptionist at Willoware Inc. As a part of her job, she is responsible not only for attending calls but also for welcoming clients and customers, keeping a record of the visitors, and mediating between visitors and managers. In the context of job design, Willoware Inc. is most likely using _____.
Answer:
Job enlargement
Explanation:
Job enlargement, as the name implies, consists in widening the scope of a job, by adding more related tasks to it.
In this case, Emma's job is not only answering a phone, which is what typically a receptionist does, but also keeping records, welcoming people, and even mediating between visitors and managers, this last task likely requiring a great degree of responsability and social skills.
As a result, the scope of her job is now wider, and she has more tasks and responsabilities to meet.
Practice: True or False 1. Investment spending is spending on financial assets like stocks and bonds F 2. Transfer payments are not counted in the calculation of GDP 3. If the nominal GDP increases then the economy is definitely experiencing inflation 4. An economy is not at full employment unless there is no unemployment 5. Countries that have generous unemployment benefits tend to have higher natural rates of unemployment 6. Lumberjacks are structurally unemployment when they are replaced by machines
Answer:
1. False
2. True
3. False
4. False
5. True
6. True
Explanation:
1. False: Investment spending is spending on financial assets like stocks and bonds.
2. True: Transfer payments are not counted in the calculation of GDP.
3. False: If the nominal GDP increases then the economy is definitely experiencing inflation.
4. False: An economy is not at full employment unless there is no unemployment.
5. True: Countries that have generous unemployment benefits tend to have higher natural rates of unemployment. 6. True: Lumberjacks are structurally unemployment when they are replaced by machines.
Investment spending refers to spending on capital goods, not financial assets. An increase in nominal GDP does not necessarily mean inflation. Full employment does not mean zero unemployment. Countries with generous unemployment benefits often have higher natural unemployment rates. Lumberjacks replaced by machinery are structurally unemployed.
Explanation:1. True. Investment spending refers to money spent on capital goods, not financial assets like stocks and bonds.
2. True. Transfer payments are not counted in the calculation of GDP because they do not involve the production of new goods or services.
3. False. If nominal GDP increases while real GDP stays the same, it implies inflation, but if both nominal and real GDP increase, it indicates economic growth rather than inflation.
4. False. Full employment does not imply zero unemployment. It means that all unemployment is frictional or structural, and not from a lack of overall demand in the economy.
5. True. Countries that have generous unemployment benefits often do have higher natural rates of unemployment because the benefits can reduce the incentive for unemployed individuals to accept new jobs.
6. True. Lumberjacks who are replaced by machines would be considered structurally unemployed, as their jobs are eliminated due to technological changes.
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Suppose the Fed decides it needs to pursue an expansionary policy. Assume people hold no cash, the reserve requirement is 50 percent, and there are no excess reserves. Show how the Fed would increase the money supply by $1 million through open market operations. Instructions: Enter numeric responses as whole numbers. Because the current money multiplier is , the Fed would $ worth of bonds, the monetary base and so increasing the money supply by $1 million.
Answer:
Because the current money multiplier is 2, the Fed would BUY $500,000 worth of bonds, INCREASING the monetary base and so increasing the money supply by $1 million.
Explanation:
if the Fed wants to increase the money supply by $1 million, then it would need to purchase US securities worth $500,000. The formulas used to calculate the impact of the Fed's operations are:
increase in money supply = additional funds x money multiplier
money multiplier = 1 / reserve ratio = 1 / 50% = 2desired increase in money supply = $1 million$1,000,000 = additional funds x 2
additional funds = $1,000,000 / 2 = $500,000
Ben really enjoys outdoor activities. When he isn't working, he's biking, hiking, sailing, or training to run marathons. Which of the following criteria would Ben think is the LEAST important as he decides on a career to support his lifestyle?
a) high-paying
b) employee benefits such as paid vacations, health insurance
c) flexible work schedule
d) location - away from major city
Answer:
a) high-paying
Explanation:
As ben is an outdoor person and likes to have most of the time sent out, has the hiking and sailing or training and running marathons he could be least be focused on the jobs that are high or good-paying. As ben enjoys his life and lives for the moment and thus thinks of location, flexible work schedules and other benefits. But does not rely on the high paying careers.Ruby Harper is the grants and services director for the Greater Columbus Arts Council. Recently, she posted to her blog that she loves her job because it is something sheâs good at, it changes often, and "the possibilities feel immense." These -------are intangible but provide personal satisfaction of great value to her.
Answer:
Intrinsic rewards
Explanation:
When an employee is motivated by intrinsic rewards they gain satisfaction by performing a task. They are internally motivated to do the job and they value challenging work more. Examples of intrinsic rewards are greater responsibility and involvement in decision making
On the other hand extrinsic rewards are external factors that motivates an employee like money.
In this instance loves her job because it is something sheâs good at, it changes often, and "the possibilities feel immense.
Imagine that you currently operate a clothing boutique, and you want to add another boutique in a new location. You need to obtain data to determine the size of your potential market. Which data source would you use?
Answer:
U.S. Bureau of the Census
Explanation:
Based on the scenario being described within the question it can be said that the best data source to use would be the U.S. Bureau of the Census. This is the main agency responsible for gathering all types of data about the american people as well as the economy. Therefore all the important and valuable information that you could need regarding where to open your new store can be obtained from this bureau.
Which of the following terms is correct?
a. Economic profit takes into account all costs involved in producing a product.
b. Economic profit always exceeds accounting profit.
c. Accounting profit is not relevant in preparing the firm's financial statement.
d. Accounting profit is the same as economic profit.
Answer:
a. Economic profit takes into account all costs involved in producing a product.
Explanation:
Numeral A is the only correct option in the question.
Economic profit takes into account all costs: explicit costs and implicit costs. Explicit costs are the monetary costs that we incurr when we run a business, such as wages, rent, and utilities.
Implicit costs are the opportunity costs that we incurr, in other words, what we gave up to run the business. For example, if you had a job, and quit to set up the business, your implic cost is the salary that you used to earn.
Which of the following best illustrates the spirit of stewardship? Lobbying government officials to increase the drilling for offshore oil Selecting a source of energy based upon the maximum yield of tax dollars Converting automobiles from gasoline to natural gas as a new source of fuel Promoting the recycling of paper and aluminum on university campuses
Answer:
Promoting the recycling of paper and aluminum on university campuses
Explanation:
Environmental stewardship refers to taking care and protecting the environment by engaging in sustainable practices and conservation activities. By promoting a recycling program in campus, you are carrying out a sustainable practice that will help reduce the number of trees used to produce paper and the quantity of aluminum mined.
Answer:
The answer is promoting the recycling of paper and aluminum on university campuses.
Explanation:
To begin with, the idea of stewardship is borne out of love for the environment. Thus, people who practice stewardship believe that it is the duty of all humans to take care of the environment.
One of the ways of achieving the numerous goals of environmental protection is to promote the recycling of paper and aluminium. This is because the burning of paper constitutes environmental pollution while recycling aluminium prevents or avoids carbon dioxide emissions which are disastrous to the environment.