Answer: True
Explanation: The business nowadays is running fast and the organisations are using latest technologies for their business operations. These technologies could be used only by efficient knowledgeable employees.
Thus, the organisations are constantly demanding employees with proper computer knowledge. Also, the organisations are running on the perception that human resource is the most important resource for them.
Therefore, the education and recruitment of employees is considered as must.
Hence we can conclude that the given statement is true.
Onyxo Inc., a consumer electronics company, is the leading manufacturer of LCD televisions. LCD technology has been its core competency and the company holds 80 percent shares in that market. However, Onyxo Inc.'s competitors have now moved on to advance technologies like LED and 3-D televisions. According to the dynamic capabilities perspective, what should Onyxo Inc. do?a. Onyxo Inc. should start working on LED and 3-D television technologies to adapt its core competency to suit the external environment.
b. Onyxo Inc. should stick to its existing core competency, that is LCD technology, as it is the best in that segment.
c. Onyxo Inc. should take proactive steps to reduce the causal ambiguity and socially complexity of its core competency.
d. Onyxo Inc. should work on enhancing the mobility of its core competency.
Answer:
The answer is: A) Onyxo Inc. should start working on LED and 3-D television technologies to adapt its core competency to suit the external environment.
Explanation:
If Onyxo doesn´t start working on LED and 3-D television technologies, then its core competency (LCD technology) is soon going to become its core rigidity.
The dynamic capabilities perspective theory assumes that; new market preferences, new technologies, new cultural contexts, more competitive environments, environmental changes, etc., are continually changing and that businesses must adapt to these new situations in order to survive.
A team of writers is just beginning a new documentation project. On their last project, the client complained that the completed document kept switching from active to passive voice and that the design of the headings was not visually consistent. Which of the following is the team’s best approach for avoiding such problems on the current project?
a.) Discuss cultural differences
b.) Create a style sheet
c.) Choose a group leader with strong editing skills
d.) Establish clear work procedures
Answer:
b.) Create a style sheet
Explanation:
According to my research on writing and editing processes, I can say that based on the information provided within the question the best approach for avoiding such problems on the current project would be to create a style sheet. This refers to a record of types of changes made during the editing process and often covers all the types of errors that can be found in a certain document. This will allow them to fix the requests made by the client and not redo them by mistake later on.
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Final answer:
The team's best approach to maintaining consistency in voice and design in their new documentation project is to create a style sheet and establish clear work procedures. A group leader with strong editing skills can also oversee these measures to ensure consistency.
Explanation:
To avoid issues with inconsistent use of active and passive voice and visually inconsistent heading designs in a new documentation project, the team's best approach would be to create a style sheet. A style sheet serves as a guideline for writers and editors to maintain consistency in voice, design elements, and formatting throughout the document. It helps prevent discrepancies and ensures that all team members are adhering to a unified style.
Beyond choosing a style sheet, it's also beneficial to establish clear work procedures to define roles, tasks, and the overall workflow. This may include regular reviews and check-ins to ensure adherence to the style sheet and to catch any deviations early on.
Appointing a group leader with strong editing skills might also help in maintaining the consistency of the document, as they can oversee the implementation of the style sheet and the work procedures, providing editing and feedback where necessary. However, the creation of a style sheet and establishment of clear work procedures would be the foundational steps in addressing the client's concerns.
Fixed costs can be defined as costs that A. are incurred only when production is large enough. B. vary inversely with production. C. are incurred even if nothing is produced. D. vary in proportion with production.
Answer:
The correct answer is C. are incurred even if nothing is produced.
Explanation:
Fixed costs are the cost of an organization that don´t change with the amount of production. So , if the production is 0, this cost will exist anyway. For example: taxes, rental
Then, Fixed costs can be defined as costs that are incurred even if nothing is produced.
Fixed costs, in the business context, are those that are incurred even if nothing is produced. They are constant and don't change with the level of production. An example is the rent for a factory which remains the same irrespective of whether any goods are produced or not.
Explanation:In the field of business, fixed costs refer to the costs a business incurs even when no production takes place. Therefore, option C. 'are incurred even if nothing is produced' is the correct answer. This typically includes rent, insurance, salaries, and depreciation. These expenses are constant regardless of output level. For instance, if a factory pays $5000 per month in rent, this cost is considered 'fixed' because it remains the same regardless of whether the factory produces anything or not.
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"Sales and catering system provides an organized system of maintaining detailed information to help salespersons keep track of whom to contact and when to solicit business as well as a means for organizing daily tasks, including personal sales calls and follow-up visits." Based on the given statement, which function of sales and catering systems is referred to?
Answer:
The correct answer would be, Contact Management.
Explanation:
Sales and Catering System is a system which provides a smooth system for booking and sales. This system eliminates the time to stand in line at the function book. The amount of time which was used in preparing the reports, contracts, proposals, layouts, etc, has been drastically reduced with the use of this system.
Now the function of sales and catering system which is mentioned here is called the Contact Management in which the system provides detailed information to the salespersons, to help them keep track of whom to contact and when to solicit business as well as a means for organizing the daily tasks which may include personal sales calls, follow up visits, etc. So this is all Contact Management.
Claremore Company received $7,000 as payment from Tulsa Company for a sale made on account in the previous month. Which of the following is the journal entry the company should record? a. Cash 7,000 Accounts Receivable 7,000 b. Cash 7,000 Fees Earned 7,000 C. Accounts Receivable 7,000 Cash 7,000 d. Accounts Receivable 7,000 Fees Earned 7,000
Answer:
a. Cash 7,000 Accounts Receivable 7,000
Explanation:
As for the information provided, the payment is received for a sales made in last month, and thus entry at the time of sales shall be:
Accounts Receivables A/c Dr. $7,000
To Sales $7,000
Therefore, when the amount is collected today it will increase cash by debiting cash for the same amount.
Further, balance of accounts receivables will be decreased by crediting such account.
Therefore, correct option is
a. Cash 7,000 Accounts Receivable 7,000
Answer:
a. Cash 7,000 Accounts Receivable 7,000
Explanation:
A brokerage firm which provides analyst reports, investment advice, and information as well as online brokerage services is called a(n): a) premium discount broker. b) full-service broker. c) basic discount broker.d) electronic broker.
Answer:
B.
Explanation:
A stock broker is an individual usually associated with a stock brokerage firm. Their general job role is the selling of stock (share, securities, options) on behalf of a client via a stock exchange.
Stock brokers often, also give financial advice for institutional, commercial or private clients that they work with in order to counsel their clients on where best to spend their money with a view of gaining the highest financial return.
There are two main types of stock brokers:
-Discount brokers.
-Full service brokers.
Are more expensive to hire and often earn a good amount brokerage, fee, commission. They not only facilitate and undertake stock deals between clients and sellers, but they also provide financial advice and stock advice in order to steer buyers in the right direction to assist them with closing the worthwhile deals.
Tamara and her children live in a subdivision with a tennis court and swimming pool. Her children are thrilled to be able to use these wonderful amenities. Who actually owns the tennis court and swimming pool? Tamara and her children reside in which type of common interest development?A. The tennis court and swimming pool are owned by the investors in the subdivision development. It is a Planned Unit Development.B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.C. The tennis court and swimming pool are owned in common by all the property owners. It is a subdivision.D. None of the Above.
Answer:
The correct answer is B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.
Explanation:
The planned unit developtment is a type of possession where individuals actually own the building or Unit in which they live but there are common areas that are jointly owned with the other members of the development or association. Unlike a Condominium, where individuals actually own the airspace of their unit, but common buildings and areas are jointly owned with others in a development or association.
David, an Alabama resident, files suit in an Alabama court against QuickAds, an internet company based in Georgia that provides advertising services. QuickAds only contact with persons in Alabama has been through QuickAds passive advertising.
The Alabama court is _______________
a) likely to have jurisdiction over the case.
b) not likely to have jurisdiction over the case.
c) likely to refer the case to a higher district court.
d) likely to refer the case to an appellate court.
Answer:
The correct option is (b)
Explanation:
Jurisdiction refers to to the power granted to a court to hear and act upon a lawsuit. Here, QuickAds is based in Georgia and David, an Alabama resident files suit against the company for advertising outside its territory. In this case, Alabama court cannot have jurisdiction over the case.
QuickAds is a Georgia based company that does not fall under Alabama jurisdiction. Moreover, the company was not engaged in active advertising. It communicated with people in Alabama through passive advertising. So the court cannot hear or act upon the lawsuit.
During the current year, Onal Co. purchased 10,000 shares of its own stock at $7 per share. The stock was originally issued at $6. The firm sold 5,000 of the treasury shares for $10 per share. The firm uses the cost method to account for treasury stock. What amount should Onal report in its income statement for these transactions?
Answer:
What amount should Onal report in its income statement for these transactions? 0.
Explanation:
deb cre
year-1 Treasury Stock 70000
(10000*7)
Cash 70000
year-1 Cash 50000
(5000*10)
Treasury Stock 35000
(5000*7)
Paid in capital for treasury stock 15000
A cosmetics company is conducting a second-year review of one of its newest products. The marketing department expects that the firm will continue to earn profits from the sale of the product in the third year as it did in the past two years. Senior management, however, feels that the profit projections would vary based on other factors such as the price of the competitor's products, the actual level of sales, and the possibility of cost reductions. In other words, the senior management is undertaking _____.
Answer:
sensitivity analysis
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question the senior management is undertaking sensitivity analysis. This is a study of what kind of relationship exists between the inputs and outputs of a system and how much uncertainty exists between them. This is what the senior management is undertaking when determining different factors which might lead to different profit projections.
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The production-inventory taxonomy is based on _____________ producing standardized products through an assembly line, while ____________ are used to produce non standardized products through a job shop.
Answer:
system producing
intermittent system
Explanation:
The production-inventory taxonomy is based on continuos system producing standardized products through an assembly line, whille intermittent system are used to produce non standardized products through a job shop.
____________ is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell phones. The domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its' home market.
a. Franchisingb. Foreign direct investmentc. Contract manufacturingd. Exporting
Answer:
The correct answer is Contract Manufacturing.
Explanation:
Contract manufacturing is a business model in which a company approaches a manufacturer with a design and requests a contract to produce a certain number of units at a cost. The cost of the contract manufacturer is based on work, material costs and the difficulty of the process, while the company focuses on design, marketing and sales. In general, the companies they hire will request quotes from several manufacturers per contract in a bidding process before finally choosing one.
Final answer:
Contract manufacturing is the cost-effective strategy used by companies to outsource the production of goods to foreign companies for cheaper costs. It often reduces production costs for firms, allowing increased production and potentially higher domestic employment, despite concerns over local job losses.
Explanation:
Contract manufacturing is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell phones. The domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its home market. The correct answer to the question is 'c. Contract Manufacturing'.
Outsourcing is a strategy where firms in developed countries transfer some of their activities abroad to take advantage of lower labor costs. As a result of multinational corporations seeking out the lowest cost options, they may outsource many of their manufacturing jobs to other countries, impacting job availability in developed nations. This practice generally reduces costs for companies, who then can expand production and potentially increase domestic employment.
For example, American clothing companies have shut down their U.S. factories and relocated to countries like China, due to lower production costs, which is an instance of outsourcing. While outsourcing helps in reducing the production costs and in some cases can increase output and lower consumer prices, there is a concern about its potential to reduce employment in the countries from which jobs are outsourced.
The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had been growing for the cereal manufacturer. What will happen to the cereal market after the storm?
a) Demand will decrease.
b) Supply will increase.
c) Demand will increase.
d) Supply will decrease.
Answer:
C
Explanation:
It will need to decrease Because the wheat is gone, so it decreases the amount of cereal made.
Below are the 2014 and 2015 year-end balance sheets for Tran Enterprises:
Assets:
2015
2014
Cash
$ 200,000
$ 170,000
Accounts receivable
864,000
700,000
Inventories
2,000,000
1,400,000
Total current assets
$3,064,000
$2,270,000
Net fixed assets
6,000,000
5,600,000
Total assets
$9,064,000
$7,870,000
Liabilities and equity:
Accounts payable
$1,400,000
$1,090,000
Notes payable to bank
1,600,000
1,800,000
Total current liabilities
$3,000,000
$2,890,000
Long-term debt
2,400,000
2,400,000
Common stock
3,000,000
2,000,000
Retained earnings
664,000
580,000
Total common equity
$3,664,000
$2,580,000
Total liabilities and equity
$9,064,000
$7,870,000
The firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-callable, long-term debt in 2014. As of the end of 2015, none of the principal on this debt had been repaid. Assume that the company’s sales in 2014 and 2015 were the same. Which of the following statements must be CORRECT?
a. The firm had negative net income in 2015.b. The firm increased its short-term bank debt in 2015.c. The firm issued new common stock in 2015.d. The firm issued long-term debt in 2015.e. The firm repurchased some common stock in 2015.
Answer:
The correct option is (c)
Explanation:
From the year end balance sheet for 2014 and 2015 it can be seen that common stock balance as on 2014 was 2,000,000 and as on 2015, it increased to 3,000,000.
An increase in common stock implies that the company issued new 1,000,000 common stock in 2015.
Option (a) cannot be determined as no income statement item is given.
Option (b) is incorrect as the company reduced its short term bank debt in 2015.
Option (d) is incorrect as long term debt was issued in 2014 and not in 2015.
Option (e) is incorrect as company had issued and not repurchased common stock.
Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $134,000 and the total direct labor would be 20,000 hours. Its actual total manufacturing overhead for the year was $ 123,900 and its actual total direct labor was 21,000 hours.
Compute the Company's predetermined over rate for the year?
Answer: $6.70 per direct labor hour
Explanation:
Given that,
Estimated total manufacturing overhead = $134,000
Estimated total direct labor = 20,000 hours
Actual total manufacturing overhead for the year = $ 123,900
Actual total direct labor = 21,000 hours
Predetermined over rate for the year = [tex]\frac{Estimated\ manufacturing\ overhead}{Estimated\ direct\ labor\ hours}[/tex]
= [tex]\frac{134,000}{20,000}[/tex]
= $6.70 per direct labor hour
The predetermined overhead rate for Harris Fabrics is computed by dividing the estimated total manufacturing overhead ($134,000) by the estimated total direct labor hours (20,000), resulting in a rate of $6.70 per direct labor hour.
The student is asking us to compute the predetermined overhead rate for Harris Fabrics. Based on the information provided, the company estimated at the beginning of the year that its total manufacturing overhead would be $134,000 and the total direct labor hours would be 20,000.
To calculate the predetermined overhead rate, we use the formula:
Predetermined Overhead Rate = (Estimated Total Manufacturing Overhead ÷ Estimated Total Direct Labor Hours)
Using the figures provided:
$134,000 ÷ 20,000 hours = $6.70 per direct labor hour
Thus, the predetermined overhead rate for the year is $6.70 per direct labor hour.
1. The IS curve plots the relationship between the interest rate and ______ that arises in the market for ______.
a. national income; goods and services
b. the price level; goods and services
c. national income; money
d. the price level; money
Answer:
The correct answer is a. national income; goods and services
Explanation:
This is a relationship that we use in macroeconomics.
The IS curve describes the combinations of two variables , they are interest rate and the level of income, when the market of goods and services is in equilibrium.
So, The IS curve plots the relationship between the interest rate and national income that arises in the market for goods and services
The IS Curve in economics shows the relation between interest rates and national income as determined in the market for goods and services. At any given point on the IS curve, the goods and services market is in equilibrium. The correct answer is 'a. national income; goods and services'.
Explanation:The IS curve in economics plots the relationship between interest rates and national income that arises in the market for goods and services. Therefore, the correct answer to your question is 'a. national income; goods and services'. The 'IS' in IS curve stands for Investment-Savings equilibrium, a concept which helps to analyze the confluence of goods and services market and money market in an economy. At any given point on the IS curve, product or goods and services market is in equilibrium where planned savings equals planned investment, and this occurs at different levels of national income and interest rates.
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Oswald Publishing is a monopsonist that just increased its workforce from 100 to 101 employees. It is paying the new employee $17 per hour. All of the other employees were earning $16 per hour, but they were all given raises to $17 to maintain fairness. What is the marginal factor cost?
Answer:
The answer is: Marginal factor cost of labor per hour is $117 for one new worker.
Explanation:
The marginal factor cost of labor per hour can be calculated using the following formula:
change in total factor cost
marginal factor cost = ____________________
change in factor quantity
($17 x 101 workers) - ($16 x 100 workers)
marginal factor cost = _______________________________
101 workers - 100 workers
marginal factor cost = ($1,717 - $1,600) / 1 = $117
Marginal factor cost of labor per hour is $117 for one new worker.
Indicate whether each of the following relationships is usually a direct relationship or an inverse relationship. a. A sports team's winning percentage and attendance at its home games: . b. Higher temperatures and sweater sales: . c. A person's income and how often he or she shops at discount stores: . d. Higher gasoline prices and miles driven in automobiles:
Answer: a. Direct b. Inverse c. Inverse d. Inverse
Explanation: Let's remember what a direct and inverse relationship is.
A direct relationship is when both increases or decreases at the same time. For example in the option a. If the winning percentage of the team goes higher (Increases) you would expect that more (Increases) people goes to see them.
In the other hand, a inverse relationship is when if one increases, the other one decreases l. For example in the option b. If the temperatures go higher (Increases) then you wouldn't expect people wearing or buying sweaters, so the sales of sweaters will go down (Decreases).
You can see it in the same way for the other two options:
c. As the income of a person goes higher(Increases), that person would have the need to go to discount stores so it's visits will be less often (Decreases).
d. As higher (Increases) the prices of gasoline, less gasoline the people can buy and less (Decreases) they can drive.
Direct relationships have variables that move in the same direction while inverse relationships have variables that move in opposite directions. A sports team's winning percentage and game attendance have a direct relationship, while higher temperatures decrease sweater sales, indicating an inverse relationship.
Explanation:When determining the type of relationship between two variables, it's essential to note whether the relationship is direct (positive linear) or inverse (negative linear). Here are the relationships for each scenario:
a. A sports team's winning percentage and attendance at its home games: This is usually a direct relationship. As a team's winning percentage increases, attendance at their home games usually increases as well.b. Higher temperatures and sweater sales: This relationship is typically inverse. As temperatures go up, sweater sales tend to decrease.c. A person's income and how often he or she shops at discount stores: This generally is an inverse relationship. People with higher income levels tend to shop at discount stores less frequently.d. Higher gasoline prices and miles driven in automobiles: This is also typically an inverse relationship. As gasoline prices increase, people often reduce the number of miles they drive to save on fuel costs.Understanding the nature of these relationships helps in making predictions and understanding consumer behavior.
Derek serves on the board of directors for a furniture company. He is also the CEO of a timber company attempting to secure a contract with the furniture company. What situation does this example represent?a. synergistic integration
b. conflict of interest
c. corporate social responsibility
d. environmental sustainability
Answer:
b. conflict of interest
Explanation:
Conflict of interest is the situation which arises when a person or an organization starts to possess an interest in multiple things.. Such conflict arises primarily in the financial or economic background. Such type of conflict gives rise to a situation in which the individual or organization's interest may affect the duty of adversely. The decisions are made to benefit the third party. In the above situation, Derek is in the situation of conflict of interest.
Firms that exhibit priceminustaking behavior A. are independently capable of setting price. B. wait for other firms to set price, take it as given, and charge a higher price. C. take pricing behavior in their own hands. D. have outputs that are too small to influence market price and thus take it as given.
Answer:
D. have outputs that are too small to influence market price and thus take it as given.
Explanation:
In perfect competition there are large number of firms and individual contribution is less in industry output , it means that firms have output which are too small to influence the market price ans thus it is as given .
Hence ,
The firms which exhibit price - taking behavior have the output which is too small to be influenced by the market price , and therefore remains as it is .
The correct answer is D, indicating firms with no ability to influence market prices take the market price as given. These firms are price takers and must sell their goods at the prevailing equilibrium market price.
Firms that exhibit price-taking behavior are those that have outputs too small to influence the market price and thus take it as given. In a perfectly competitive market, all firms are price takers, accepting the equilibrium price determined by the overall market forces of supply and demand. Therefore, the correct answer to the student's question is D. have outputs that are too small to influence market price and thus take it as given.
If you are selling a product in a perfectly competitive market and are not happy with the market price, raising the price even by a cent would not be feasible. This action would likely result in losing all your sales to competitors who continue to charge the market-determined price. Hence, a price-taking firm cannot set prices higher than the market-equilibrium price. It must sell its products at the market price or risk losing all potential customers to competitors.
Duverger’s Law states that a) proportional representation systems result in two-party systems. b) one-party systems are the result of white flight. c) single-member district systems result in two-party systems. d) presidential Republicanism results in ticket splitting.
Answer:
c) single-member district systems result in two-party systems.
Explanation:
Duverger’s Law -
This law was given by the french sociologist , Maurice Duverger in 1950s ,
according to law , the single - member districts tends to favor the two - party system , but in the proportional representation and the double ballot majority system tends to favor the multipartism .
Hence , from the statements given in the question , the correct statemnet fro the Duverger's law is ( c ) .
Duverger's Law articulates that single-member district systems often lead to two-party systems. This principle, derived from the observations of French sociologist Maurice Duverger, does not associate with proportional representation, white-flight induced one party systems, or presidential Republicanism triggering ticket splitting.
Explanation:Duverger's Law, named after the French sociologist Maurice Duverger, is a principle that refers to the concept that single-member district systems often result in two-party systems. The theory suggests that there is a systematic relationship between electoral systems and party systems, with single-member district systems creating a propensity towards two dominant parties.
The correct option in the given list is c) single-member district systems result in two-party systems. This principle does not directly relate to the concepts of proportional representation, one-party systems caused by white flight, or presidential Republicanism leading to ticket splitting.
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Theory X managers implement a more rigid environment. a. increase diversity. b. strive to cut costs and increase efficiency. c. operate as a community, with employees working in harmony. d. utilize time-motion studies.
Answer:
b. strive to cut costs and increase efficiency.
Explanation:
Theory X managers is pessimistic. They believe people are lazy and unproductive. They will look to implement politics to increase the productivity,.
Can a server be too attentive to their patrons? Explain.
Answer:
Just in case someone needed the first 5 answers :)
These are my own answers and feel free to use and adjust them!
Explanation:
1. Explain the impact that a host or hostess has on a customer's impression of a restaurant.
The hostess or host makes a big impact on the customer's impression of a restaurant because that is the first person you see when you walk into the restaurant and if they’re not properly dressed, have a bad attitude, then it could give the impression that others in the restaurant are the same.
2. Can a server be too attentive to their patrons? Explain.
Yes, if a server is hovering over customers and constantly checking in on them even when they don’t need anything or say very little to the server can make them feel uncomfortable.
3. Why is a drug user more likely to commit employee theft?
The drug user will most likely commit employee theft because he/her needs money to support their addiction and with a range of emotions and unclear thinking because of the drugs, they will do whatever will get them fast cash.
4. Describe the procedural deterrents a restaurant manager might take to prevent being robbed while making a bank deposit.
Managers should vary their times of making trips to the bank and take different routes, which keeps the thieves from establishing a routine or even asks for a police escort to ensure that they are safe and protected.
5. How can a time-delay safe prevent a successful robbery?
In a robbery, time and precision are two of the important things, so a time-delay safe can delay access to the safe’s contents by a certain amount of time and thus the robber's timed plans will be offset by the time-delay safe.
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Refer to Closing Case 1 - Mobile CRM at Disney World: The intent of Disney’s MyMagic+ system is to better track the use of credit cards at Disney’s parks.
True or False ?
Answer:
false
Explanation:
that's because they don't need to use that
Answer:
False
Explanation:
In the United States, nonprofits employ about one in hundred workers, accounting for less paid workers than the entire construction industry and less than the finance, insurance, and real-estate sectors combined.True / False.
Answer:
The correct answer is False.
Explanation:
In the United States there are 1.14 million nonprofit associations and this non-commercial sector represents 8.5% of GDP (against for example 4.2% in France).
These institutions employ 9.3% of the active population, which constitutes a world record. Americans give each year $ 250 billion to these institutions for non-profit purposes, and these donations are tax exempt. Of the amount quoted, approximately 36% goes to the different Churches, 13% goes to education, 8.6% to health, and 5.4% to culture (that is, the latter percentage represents some 13,000 million dollars annually). Cinema-art and the producers of experimental films, cultural foundations, ballet and their dance bodies, publishing houses (especially university), are some examples of non-profit associations in the domain of culture, which year after year They are supported by Americans.
The claim that nonprofits employ about one in a hundred workers is false; in reality, they employ close to 10% of the US workforce, making them a significant part of the economy alongside construction, and the finance, insurance, and real estate sectors.
The statement that nonprofits employ about one in a hundred workers, and account for less paid workers than the entire construction industry and less than the finance, insurance, and real-estate sectors combined is false.
According to the National Center for Charitable Statistics, in 2013 there were approximately 1.4 million nonprofit organizations registered. These nonprofits contribute an estimated $900 billion to the US economy each year and employ almost 10% of the entire US workforce. Considering the scale of employment in the nonprofit sector, it is much larger than the initial one in a hundred workers suggestion. The construction industry and finance, insurance, and real-estate sectors indeed are substantial aspects of the economy, but nonprofits play a significant role as well.
Which of the following statements is false? Select one: a. Competitive advantage is based on some measurement such as cost, quality, or speed. b. Competitive advantage enables a company to function effectively within a market. c. Competitive advantage leads to higher-than-average profits. d. Competitive advantage requires the use of technology. e. Competitive advantage applies to companies of all sizes.
Answer:
The correct answer is option d.
Explanation:
Competitive advantage refers to the situation when a company has some advantage in the production of goods or services over its rivals. It helps the company outperforming its competitors in the market.
It helps the company in providing the same products as its rivals at a lower price, or better products at the same price. As a result, the company earns relatively higher profits. It can be applied to any size of the company and is not restricted to large companies.
Competitive advantage can be based on several factors such as
Cost of the productQuality of the productSpeed of productionThe use of technology is not a necessary condition for a competitive advantage though it can be one of the aspects. A company may enjoy a competitive advantage in the market without possessing superior technology.
The false statement is that a competitive advantage requires the use of technology. Competitive advantage can be achieved through various factors such as unique resources, cost efficiency, absolute advantage, and comparative advantage.
Explanation:The statement that is false among the options is: d. Competitive advantage requires the use of technology. While technology can enhance and contribute to competitive advantage, it is not a pre-existing requirement. Competitive advantage is essentially the ability of a company to outperform its competitors. This could be achieved through various means such as unique resources, cost efficiency, and more.
For instance, a firm might have an absolute advantage in producing a specific product because it takes fewer resources for them to do so. On the other hand, a firm can hold a comparative advantage when it can produce a particular good at a lower cost in terms of other goods. As such, it's not solely determined by the usage of technology.
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The five forces model suggests that firms should target the industry with the highest potential for above-average returns and then implement either a cost-leadership strategy or a differentiation strategy.True / False.
Answer:
True
Explanation:
Five force model given by Michael porter is tool to analyse competition in the business. It focuses on five forces that derive competitive intensity in a business. These five forces are
1. Bargaining power of suppliers
2.Threats of new entrant
3.Threats of substitutes
4. Bargaining power of buyers
5. Industry rivalry.
The five forces model suggests that firms should target the industry with the highest potential for above-average returns and then implement either a cost-leadership strategy or a differentiation strategy. This is a True statement.
Nakato, a South Asian country, exported goods worth $500 million and imported goods worth $400 million in the last fiscal year. The country also made foreign investments worth $300 million and provided foreign aid worth $100 million in disaster relief. Besides this, the country took a loan of $5 billion from the World Bank. This flow of money into and out of Nakato is measured by _____.
Answer:
This flow of money into and out of Nakato is measured by 'Balance of payments'.
Explanation:
We are asked to determine the type of flow of money into and out of Nakato.
We know that a systematic record that represents all economic transaction between the residents of a country and rest of world in a given time period is known as balance of payments.
This transaction can be in different forms.
The exchange of goods for goods,Services for goods,Services for services,Services and goods for money.Therefore, the given flow of of money into and out of Nakato is measured by 'Balance of payments'.
Answer:
(D) Balance of Payments.
Explanation:
Balance of payments accounts are the books of a country where it saves all the transactions between own country’s citizens and the rest of the world.
It includes three accounts, i.e. current account, capital account and financial accounts.
Here, following exchanges are included in Balance of Payments
Goods for goods: Like in the case, exported $500 million goods for $400 million goods
Services for goods: This happens when one country provide goods for other’s services
Services for services: Services are exchanged between two countries
Services and goods for money: Both services and goods are exchanged for money, like international projects.
Peachtree Company borrows $30,000 from the local bank at 7% interest. The term of the note is five years, and the annual payments remain constant at $7,317. Determine the interest expense Peachtree Company should record in the second year.
Answer:
Determine the interest expense Peachtree Company should record in the second year. $ 1734.83
Explanation:
Interest = balance x interest %
=24783.28*7%
=1734.83
Due Date" "Payment Interest Principal Balance
30.000,00
1 1/1/20 7.316,72 2.100,00 5.216,72 24.783,28
2 1/1/21 7.316,72 1.734,83 5.581,89 19.201,39
3 1/1/22 7.316,72 1.344,10 5.972,62 13.228,77
4 1/1/23 7.316,72 926,01 6.390,71 6.838,06
5 1/1/24 7.316,72 478,66 6.838,06 0,00
Inhabitants of Pandora use stone beads as money. On average, every stone bead is used 5 times per year to carry out transactions. The total supply of beads is 50 million. According to the quantity theory of money, the level of aggregate spending in Pandora must be 250 million.
a) What is the level of aggregate spending in Pandora according to the quantity theory of money?b) Suppose the inhabitants of Pandora start using less money to conduct the same number of transactions (i.e., each individual carries fewer beads). What is the effect on the velocity of money?
Answer:
The correct answers are 200 million; increase.
Explanation:
The aggregate expense is the approximate value of the goods and services that an economy will produce. It measures its economic activity, or gross domestic product. Its definition in terms of the variables of the components is the sum of consumption, expected investments and public spending and net exports. The factors that affect it usually alter the estimated value. These factors must initially affect the variables of the components in order to alter the net aggregate.
Final answer:
The level of aggregate spending in Pandora according to the quantity theory of money can be calculated using the equation of exchange. If the inhabitants of Pandora use less money for transactions, the velocity of money will increase as each bead is used more frequently.
Explanation:
The level of aggregate spending in Pandora according to the quantity theory of money can be calculated using the equation of exchange, MV = PQ. In this case, the money supply (M) in Pandora is 50 million beads, and the velocity of money (V) is 5 transactions per bead per year. Therefore, the level of aggregate spending (PQ) in Pandora is 250 million bead transactions per year.
If the inhabitants of Pandora start using less money to conduct the same number of transactions, the velocity of money would increase. This is because each individual carrying fewer beads would lead to each bead being used more frequently to facilitate transactions, thus increasing the velocity of money.