Answer:
Cost of equity =13.82%
Explanation:
The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta.
Under CAPM, Ke= Rf + β(Rm-Rf)
Rf-risk-free rate (treasury bill rate) - 4.1
β= Beta-1.13
Rm= Return on market- 12.7
Ke= 4.1% + 1.13× (12.7- 4.1 )%
Ke =13.82%
Luciana is the first to offer a new product to customers in the local market and expects no competitors to emerge for at least the first year. Her market research has helped her identify a group of upscale customers who are eager to purchase this new product, so she decides to set a high price for it. Which pricing strategy is Luciana using?
Answer:
skimming.
Explanation:
In this context, it can be said that Luciana will use the skimming pricing strategy.
This strategy consists of setting a relatively high price for the new product or service that will be offered in the market and then gradually lowering its price.
This strategy works by charging a high initial price that will be accepted by the first customers and after the first demand is satisfied, the price will be reduced to attract the most price sensitive customers.
Suppose you have been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. Your client wants to know what will happen to gasoline demand if it increases gasoline prices by one cent higher than its nearest competitors. One of the members of your consulting team, Debbie, shares that one time in college she stopped buying gasoline from a service station that was one cent more expensive.
Based on this story, should you conclude that demand will fall to zero if the client raises gas prices by one cent?
Answer:
No, Debbie's story is an argument by anecdote, and it can lead to
wrong conclusions.
Explanation:
An argument by anecdote is when a point is proven with a story. It can be a very compelling argument, and this is because people usually like the stories about other people more than they like facts.
In general, the anecdotal argument will relate to the subject matter that is being discussed. However, anecdotal evidence is unreliable because it can be unscientific or pseudoscientific due to the fact that various forms of cognitive bias may affect the collection or presentation of evidence.
As we can see in the scenario given above, Debbie's argument is unreliable because it is her personal experience and not the collective experience of all the consumers when the price increased by one cent. Also, no form of survey or research was carried out, therefore Debbie's argument is not scientific.
The equilibrium price of a guidebook is $35 in the perfectly competitive guidebook industry. Our firm produces 10,000 guidebooks for an average total cost of $38, marginal cost of $30, and average variable cost of $30. Our firm should:a) raise the price of guidebooks, because the firm is losing money.b) keep output the same, because the firm is producing at minimum average variable cost.c) shut down, because the firm is losing money.d) produce more guidebooks, because the next guidebook produced increases profit by $5.
Answer:
d) produce more guidebooks, because the next guidebook produced increases profit by $5.
Explanation:
A perfectly competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms. In the long run, firms earn zero economic profit.
Profit is maximised where marginal revenue/ price is equal to marginal cost.
In this question, marginal revenue ($35) is greater than marginal cost ($30), so, the firm isn't maximising profit and they should increase production.
A firm should shutdown when average variable cost is greater than price.
I hope my answer helps you
Framex Inc. has separate computer-accessible storage media for all of its departments. These storage media store files of related data organized according to a logical system. In this scenario, Framex has many different _____ for its various departments.
A. decision support systemsB. databasesC. cybermediariesD. business intelligence systems
Answer:
B. databases
Explanation:
Since, Framex Inc. has separate computer-accessible storage media for all of its departments that store files of related data organized according to a logical system.
In this scenario, Framex has many different databases for its various departments.
Database is a structured set of information or data usually stored in a computer, especially for rapid access, search and retrieval.
Lewis Company traded machinery with a book value of $950,000 and a fair value of $900,000. It received in exchange from Timmons Company a machine with a fair value of $1,000,000. Lewis also paid cash of $100,000 in the exchange. Timmons s machine has a book value of $950,000. What amount of gain or loss should Lewis recognize on the exchange (assuming lack of commercial substance)
Answer:
Lewis should recognize a gain on the exchane of $13,636
Explanation:
In order to calculate the amount of gain or loss should Lewis recognize on the exchange, first we have to determine the amount of gain with the followig formula:
Gain=Total value of the machine received-Book value of machine exchanged
=(cash received+fair value of machine received)- $950,000
=($100,000+$1,000,000)-$950,000
=$ 150,000
Next, In order to calculate the amount of gain or loss should Lewis recognize on the exchange we have to use the following formula:
recognize gain or loss=( cash received )× gain
cash received+fair value of equipment received
= ( $ 100,000 )× 150,000
$100,000+$1,000,000
=$13,636
Lewis should recognize a gain on the exchane of $13,636
"In a distributed system, there is a high level of cooperation and sharing of actions and data maintained by the sites when determining which process should be loaded and where it should be run; this is accomplished by ____."
Answer: Exchanging the messages between site operating systems
Explanation:
The distributed system is one of the type of computing system in which the various types of multiple elements are basically located on the machines that are specifically used for the communication purpose and this distributed system is basically appear to the user in the form of single system.
According to the given question, the given process is basically accomplished by exchanging the different types of messages between the site OS (Operating system).
In the given distributed system, the data and the cooperation action is highly maintain by the sites while determining the loaded process. Therefore, The given answer is correct.
Margaret and Jack are working on a high-priority project with a tight deadline. When Margaret is unable to meet the deadline, Jack attributes it to her clumsiness. However, when he is unable to meet the same deadline, he blames it on poor planning by his manager. This scenario exemplifies __________.
A. an informational social influence.B. the fundamental attribution error.C. conformity.D. groupthink.
Answer:
B, Fundamental attribution error.
Explanation:
Fundamental attribution error is a psychological situation in which individuals have the tendency to explain a person's behavior based on disposition/personality but not lay emphasis on the external behaviors that affect the person's behavior.
In the above question, because Jack and Margaret couldn't finish Margaret's jobs due to Margarette her clumsiness and went on to blame the supervisor as the cause of the tem not being able to finish the task .
Cheers.
ZumbaUp, a leading jeans brand, realized that a user named PoisonX had breached its security codes and gained unwarranted access to the company's highly classified information. The company was shocked to see all of its business tactics and prospective deals put up online, exposed to everyone. In this scenario, ZumbaUp is a victim of
Answer:
Hacking
Explanation:
Hacking can be defined as the breaching or the securities or taking advantage of the weaknesses of a computer system or network.
hacking is carried out by a hacker and there are different types or grades of hackers depending on how good they are, their reason for being an hacker, among other things.
In the case of ZumbaUp, the securities of the companies databases was breached and published for all to see by PoisonX.
Cheers.
Sales in North Corporation increased from $80,000 per year to $84,000 per year while net operating income increased from $30,000 to $36,000. Given this data, the company's degree of operating leverage must have been:
Answer:
4 times
Explanation:
Given that,
Initial sales = $80,000
New sales = $84,000
Initial net operating income = $30,000
New net operating income = $36,000
The degree of operating leverage is determined by dividing the percentage change in net operating income by the percentage change in the sales.
Percentage change in net operating income:
= [(New net operating income - Initial net operating income) ÷ Initial net operating income] × 100
= [($36,000 - $30,000) ÷ $30,000] × 100
= ($6,000 ÷ $30,000) × 100
= 0.2 × 100
= 20%
Percentage change in sales:
= [(New sales - Initial sales) ÷ Initial sales] × 100
= [($84,000 - $80,000) ÷ $80,000] × 100
= ($4,000 ÷ $80,000) × 100
= 0.05 × 100
= 5%
Degree of operating leverage:
= Percentage change in net operating income ÷ Percentage change in sales
= 20 ÷ 5
= 4 times
Sedona has quite a number of potentially conflicting community groups. explain three ways that the chamber of commerce can use social media to help manage conflict so as to maintain a healthy business environment.
Answer:
Explanation:
The three ways the chamber of commerce can use social media to manage conflict so as to maintain a healthy business is as follows;
Chamber of Commerce can use social media to help in new businesses (and the current ones) to get their name shown to the society by using the (B2B) business to business. They can be able to pass information, videos and photos of the businesses through social media.
Chamber of Commerce can put the “Guidelines to social media presence” to assist this businesses to be able to deal with negativity and prevent or stop future conflict.
Another way chamber of Commerce use social media is by building relationship through the means interacting with each local business who decides to have a social media page or group. They will be able to assist by commenting, sharing and reviewing the businesses. This can assist those pages have more followers and views.
You are considering purchasing a new truck that will cost you $34,000. The dealer offers you 1.9% APR within monthly compounding for 48 months (with payments made at the end of the month). Assuming you finance the entire $34,000 and finance through the dealer, your monthly payments will be closest to:
This is a financial mathematics question about calculating monthly payments for a car loan. With an interest rate of 1.9%, a loan amount of $34,000, and a term of 48 months, the monthly payments would be approximately $733.76.
Explanation:The subject of this question relates to financial mathematics, specifically, calculating the monthly payments for a loan. To calculate the monthly payment on a loan, one might use the loan payment formula:
P = [r*PV] / [1 - (1 + r)^-n]
Where P is the monthly payment, r is the monthly interest rate (annual rate divided by 12), PV is the present value of the loan (or loan amount), and n is the number of payments. Monthly interest rate, in this case, is 1.9%/12 = 0.00158333, and the number of payments is equal to 48. Therefore, the monthly payment on a $34,000 loan is:
P = [0.00158333 * 34000] / [1 - (1 + 0.00158333)^-48] = $733.76 approx.
So, the monthly payments for the $34,000 truck with a rate of 1.9% monthly compounded over 48 months would be approximately $733.76.
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Kojo, a LifeCare Medical Supplies salesperson, follows Malin, a salesperson for National Medco Products, a LifeCare competitor, as Malin visits medical clinics, doctors’ offices, hospitals, and other locations to make sales. Kojo solicits each of Malin’s customers. Kojo is most likely liable for a.conversion. b.no tort. c.wrongful interference with a business relationship. d.trade libel.
Answer:
C
Explanation:
Wrongful interference with a business relationship.
Kojo is liable for wrongful interference with a business relationship and Based on common law tort and contract principles, the courts can order that damages be paid to compensate national medco products for economic harm caused by Kojo who interfered with their business relationships due to the fact that Kojo is trying to solicit Malin's customers to breach contract with Malin.
Environmentalists have continually argued for the use of alternatives to fossil fuels to generate energy. Harnessing wind power by setting up wind farms had been one alternative proposed and implemented. As it is now known that these wind farms lead to the slicing and dicing of migratory birds and the decimation of the local bat population, we could say that environmentalists have committed the: _________
Answer:
Mistake of ignoring secondary effects
Explanation:
Whenever there arises an adverse impact of a policy and it's implementation, owing to ignorance of secondary consequences, it is termed as ignoring secondary effects.
In short, it refers to assessing and viewing only the positive aspects of a policy or a move, meanwhile not taking into consideration the other adverse consequences which are also associated with the same policy.
In the given case, the environmentalists have only considered the generation of alternative sources of energy via windmills which will lead to preservation of fossil fuels. The proposed policy has been implemented without taking into account it's flip side i.e the harm it causes to bat population and migratory birds.
Thus, it can be stated that the environmentalists herein only considered the favorable outcome of a policy implementation and ignored the adverse effect of the same. Hence, they are said to have committed the mistake of ignoring the secondary effects.
Christina is planning on getting married in the next year. She is a very successful business owner and is planning on buying some vacation property on the coast. She asks her agent, Martina, for advice on how she should take title to this new property. Should she hold the title alone, or jointly with her fiance? How should Martina advise?
a.Martina should advise Christina to protect her future assets and hold title separately due to California’s community property laws.
b.Martina should simply tell Christina to consult her attorney on this matter.
c.Martina could discuss with Christina what she knows in reference to California community property laws. She should not offer any advice on this subject except to consult an attorney to obtain legal counsel.
d.None of the Above.
Answer:
Martina should discuss with Christina what she knows in reference to how title can be vested but give no advice except to consult an attorney for advice.
Explanation:
Christina is planning to buy a property and wants to know if it will be better for her to hold the title or do so jointly with her fiance.
The best thing Martina should do is to find out if Christina has knowledge of vesting of property title, and refer her to an attorney for advise.
Martina is not a legal expert so her advice may be one that will result in wrong outcome.
Final answer:
Martina should inform Christina about the basics of California community property laws but advise her to consult an attorney for personalized legal counsel regarding property title before her marriage.
Explanation:
When Christina is deciding how to take title to vacation property, considering her status as a successful business owner and her upcoming marriage, Martina's best course of action would be option (c). Martina could outline what she knows about California community property laws, which could impact how property acquired during marriage is handled in the event of a divorce or death. However, as real estate and matrimonial laws can be complex and have significant legal and financial implications, Martina should advise Christina to seek the counsel of a qualified attorney to obtain advice tailored to her specific situation.
Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had organized the corporation in 2009 by contributing $225,000 and receiving all of the capital stock of the corporation. ABC Corporation is a domestic corporation engaged in the manufacturing of ski boots. The stock in ABC Corporation qualified as Sec. 1244 stock. The sale results in a(n):
Answer:
The sale results in an ordinary loss of $100,000 and long-term capital loss of $25,000.
Explanation:
Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had organized the corporation in 2009 by contributing $225,000 and receiving all of the capital stock of the corporation. ABC Corporation is a domestic corporation engaged in the manufacturing of ski boots. The stock in ABC Corporation qualified as Sec. 1244 stock. The sale results in AN ORDINARY LOSS OF $100,000 AND LONG-TERM CAPITAL LOSS OF $25,000.
Answer:
ordinary loss of $100,000 and long-term capital loss of $25,000
Explanation:
Up to $100,000 on a joint return of loss realized on disposition of Section 1244 stock is treated as an ordinary loss. So the first $100,000 would be ordinary and the remaining $25,000 would be a LTCL.
Roadbuilders, Inc, uses dynamite in its operations. Sky-Hi Fireworx, Inc, stores explosives in its warehouses. Most likely liable under the doctrine of strict liability for any injury caused by an abnormally dangerous activ¬ity will be:_________.
a. None of the choices.
b. Roadbuilders and Sky-Hi.
c. Roadbuilders only.
d. Sky-Hi only.
Answer:
The answer here would be option b. or Roadbuilders and Sky-Hi.Explanation:
In this case, Roadbuilders uses the dynamite in any operational activity/s it conducts and the Sky-Hi Firefox Inc, is responsible for storing and maintaining the explosives in the warehouse.Hence,based on the strict liability doctrine, all the concerned parties engaged in construction,hazardous manufacturing or any such harmful and life threatening commercial activities have to assume equal and undivided responsibility in preventing any potential physical injury,death or any kind of damages to any individual or party concerned.Therefore,in this case,assuming that both the parties or companies are involved in the dangerous activity mentioned, both of them will be legally liable to prevent any kind of physical injury or bodily damage or serious casualty to anyone due to their operational activity/s.Answer:
b. Roadbuilders and Sky-Hi.
Explanation:
Strict liability is a legal doctrine that imposes the legal liability for damages or injuries caused even if the person liable did not act with fault or negligence or without finding any fault. It only required to prove that the tort occurred and the individual is responsible. This doctrine applies only on three types of situations:
Manufacturing defect.Animal bites.Abnormally dangerous activities.In the given case, Both Roadbuilders and Sky-Hi are responsible for injury caused by an abnormally dangerous activity as they both involved in storing and using the explosive.
When Galaxy Ventures, a real estate company, entered the low cost housing business, the market was already saturated with other players. Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends. Which of the following is a term used to described the situation faced by the company?a. first-mover disadvantages
b. last-mover disadvantages
c. last-in first-out disadvantages
d. comparative disadvantages
e. absolute disadvantages
Answer:
b. last-mover disadvantages
Explanation:
Last-mover or late-mover disadvantages describes the situation faced by Galaxy Ventures, a real estate company, that entered the low cost housing business when the market was already saturated with other players.
Thus, forcing Galaxy Ventures to exit the market due to lack of customer loyalty and substantial dividends.
Ridgewood Company has 25,000 shares of cumulative 2% preferred stock, $50 par and 150,000 shares of $25 par common stock. During the current year, $62,500 was distributed as dividends. Determine the numerator in the dividend yield calculation. a.$0.25
Answer:
$0.25
Explanation:
25,000 shares x 2% x $50 preferred stocks = $25,000
150,000 x $25 common stocks
$62,500 - $25,000 = $37,500
$37,500 / 150,000 shares = $0.25 per share
dividend yield = $0.25 / $25 = 1%
Dividend yield measures the amount of money paid to stockholders based on the cash dividends per share divided by share price.
Final answer:
The numerator for the preferred stock is the fixed amount of preferred dividends is $25,000 and the dividend yield is 1%
Explanation:
The Ridgewood Company scenario involves calculating the numerator in the dividend yield calculation. Since Ridgewood Company has cumulative preferred stock, these dividends must be paid before any dividends are paid to common stockholders. With 25,000 shares of 2% cumulative preferred stock at a $50 par value, the annual preferred dividend is $50 * 0.02 * 25,000 = $25,000.
Thus,
= 150,000 x $25 common stocks
= $62,500 - $25,000 = $37,500
= $37,500 / 150,000 shares = $0.25 per share
Dividend yield = $0.25 / $25
= 1%
A corporation sold 1,000 shares of its $2.00 par value common stock for $10.00 per share and later repurchased 100 of those shares for $12.00 per share. Which of the following will be debited to record the repurchase of the 100 shares?A.Common Stock for $1,200B.Treasury Stock for $1,200C.Treasury Stock for $200D.Cash for $1,200
Answer:
Option B. Treasury Stock for $1,200
Explanation:
The reason is that when 1,000 shares which has $2 par value and were issued at $10 per share, the journal entry was:
Dr Cash Account $10,000
Cr Common Stock $2,000
Cr Paid In Capital $8,000
But when 100 shares were repurchased at $12 per share, then the accounting treatment would be
Dr Treasury Stock $1,200
Cr Cash Account $1,200
So the correct option is option B.
The three dimensions of customer service are: a. diligence, communication, and customer experience. b. product quality, customer experience, and communication. c. product quality, feedback, and service motivation. d. communication, product quality, and diligence. e. communication, resilience, and service motivation.
Answer:
A) Diligence, communication, and customer experience.
Explanation:
A customer service is a direct face-to-face dialogue between a customer to a brand and the brand's representative responsible for its sale. Every customer wishes or looks forward to a service filled with diligence and effectiveness on the side of the sales representative. For a firm ror manufacturing company to attract customers is one thing but to keep them is another theory on its own. A good customer service can be a good determinant to this. Hence, the three dimensions listed above.
How can expansionary expenditure-based fiscal policy lead to crowding out in the economy? A. Expenditure-based fiscal policy increases the national debt, inducing forward-looking households and firms to reduce expenditures in anticipation of having to pay higher future taxes. B. Expenditure-based fiscal policy requires the collection of additional taxes, which reduce household incomes and expenditures. C. Expenditure-based fiscal policy leads to more government borrowing, absorbing funds that would have otherwise been borrowed and expended by the private sector. D. Expenditure-based fiscal policy raises inflation expectations and interest rates, causing private sector expenditures to fall.
Answer:
The answer in this case, would be option C. or Expenditure-based fiscal policy leads to more government borrowing, absorbing funds that would have otherwise been borrowed and expended by the private sector.Explanation:
In Macroeconomics, expansionary is a phenomenon which refers to increased government or public spending or expenditure in the economy.Now,crowding out effect can occur in the economy when the government attempts to liquidate or finace the increased expenditure through financial borrowing to such an extent that it leads to crowding out or shortage of most of funds to be expended by the private sector in the economy.This can essentially lead to shortage of funds which could have been borrowed by private businesses, companies and investors to raise private business and capital expenditure.A company determines that the number of units sold is the cost driver for its variable selling and administrative expense budget. The product of its variable selling and administrative rate and budgeted unit sales will be:a.budgeted sales revenue b.total budgeted cash disbursements for selling and administrative expenses c.total budgeted fixed selling and administrative expenses d.total budgeted variable selling and administrative expense
Answer:
d.total budgeted variable selling and administrative expense
Explanation:
Since in the question it said that the cost driver is number of units sold for the variable selling and administrative expense budget
So by multiplying the variable selling and administrative rate with the budgeted unit sales we can get the total budgeted variable selling and administrative expense
In mathematically,
= Variable selling and administrative rate × budgeted sales units
Riley says that the present value of $700 one year from today if the interest rate is 6 percent isless than the present value of $700 two years from today if the interest rate is 3 percent. Anh saysthat $700 saved for one year at 6 percent interest has a smaller future value than $700 saved fortwo years at 3 percent interest.a. Both Riley and Anh are correct.b. Both Riley and Anh are incorrect.c. Only Riley is correct.d. Only Anh is correct.
Answer:
A) Both Riley and Anh are correct.
Explanation:
to see who is right we can calculate:
PV = FV / (1 + r)ⁿ
FV = PV x (1 + r)ⁿ
Riley's statement:
PV = $700 / (1 + 6%) = $660.38
PV = $700 / (1 + 3%)² = $659.82
Riley is right
Anh's statement:
FV = $700 x (1 + 6%) = $742
FV = $700 x (1 + 3%)² = $742.63
Anh is right
They are both right due to compound interest, since compound interest means that the interest earned will also earn more interest.
Becky graduated with a master degree in Personal Financial Planning. After working two years in a small financial planning firm, Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume?a. 16.7%b. 25.5%c. 75.7%d. 83.3%e. 95.5%
Answer:
Option D.
Explanation:
The average propensity to consume (APC) refers to the ratio of consumption expenditures (C) to disposable income (DI):
APC = C / DI.
From the question, we are given:
Total income = $60,000
Savings = $10,000
Therefore:
Consumption expenditures (C) = 60,000 - 10,000 = $50,000
APC = 50,000 / 60,000
APC = 0.833 or 83.3%
Suppose that the financial ratios of a potential borrowing firm take the following values: Working capital/Total assets ratio (X1) = 0.75 Retained earnings/Total assets ratio (X2) = 0.10 Earnings before interest and taxes/Total assets ratio (X3) = 0.05 Market value of equity/Book value of long-term debt = .60, X5 = Sales/Total assets ratio = 0.9. Calculate the Altman’s Z-score for this firm. Round your answer to 3 decimal places.
Answer:
Z-score = 2.465
Explanation:
X1 = 0.75
X2 = 0.10
X3 = 0.05
X4 = 0.60
X5 = 0.9
Z-score is calculated using the formula;
Z-Score = 1.2X1+ 1.4X2 + 3.3X3 + 0.6X4 + 1.0X5
Where:
X1 = Working Capital/Total Assets
X2 = Retained Earnings/Total Assets
X3 = Earnings Before Interest & Tax/Total Assets
X4= Market Value of Equity/Total Liabilities
X5 = Sales/Total Assets
Substituting into the formula, we have;
Z-Score = 1.2X1+ 1.4X2 + 3.3X3 + 0.6X4 + 1.0X5
= 1.2*0.75+ 1.4*0.10 + 3.3*0.05 + 0.6*0.6 + 1.0*0.9
= 0.9 + 0.14 + 0.165 + 0.36 + 0.9
= 2.465
Final answer:
The Altman's Z-score for the firm, using the provided financial ratios, is calculated to be 2.465.
Explanation:
To calculate the Altman's Z-score for a firm, we use the following formula:
Z = 1.2X1 + 1.4X2 + 3.3X3 + 0.6X4 + 1.0X5
Where:
X1 = Working capital/Total assets ratio
X2 = Retained earnings/Total assets ratio
X3 = Earnings before interest and taxes/Total assets ratio
X4 = Market value of equity/Book value of long-term debt ratio
X5 = Sales/Total assets ratio
Using the provided financial ratios:
X1 = 0.75
X2 = 0.10
X3 = 0.05
X4 = 0.60
X5 = 0.90
Plugging these into our formula:
Z = 1.2(0.75) + 1.4(0.10) + 3.3(0.05) + 0.6(0.60) + 1.0(0.90)
Z = 0.9 + 0.14 + 0.165 + 0.36 + 0.9
Z = 2.465
Therefore, the Altman's Z-score for the firm is 2.465, rounded to three decimal places.
Darg's team just had a research breakthrough. They'll need several thousands of dollars to complete the project. Darg has called a series of meetings in which he's promoting the significance of the new discovery, explaining the economic benefits that will result from the final project, and answering questions. Darg is a(n) ________ within his company.
Answer:
Idea champion
Explanation:
The reason is that the idea champion is the person who promotes creativity and change in the organization because he thinks that transformation is the root cause of success in the business environment. The idea champion is of the opinion that the companies that are reluctant to transform their operations, products, etc are more headed towards the risk of loss of reputation and brand recognition as it is today. So Idea champion promotes critical and creative thinking in the business environment which we can see in the given scenario that Drag is promoting transformational, critical analysis of the discovery and creative thinking of opting this change through raising questions and trying to answering the questions.
In his report, Wade described the strengths and weaknesses of each of his subordinates. He made a note of their past performances and the potential they displayed. He even provided suggestions for their improvements. Wade is using the ________ method of conducting a performance appraisal.
Answer:
Written essay
Explanation:
Written essay method is an approach of performance appraisal, where appraiser prepare a written statement about the strength and weekness of employee to appraise their performance, these strength and weekness are evaluated on the basis of past performance at the employment. It also suggest solution for performance improvement. It is one of the effective method of performance appraisal, however, it is time consuming.
In the given case, Wade have described strength and weekness of each subordinates and also suggested technique to improve performance, therefore, wade is using Written essay method of performance appraisal.
In order to develop the best customer base it can, Harrison's Gourmet Foods sends out different types of promotional items to see which one garners the best response in terms of customers who will buy once and come back to order again. The information Harrison's receives provides the basis for _____ modeling.
Answer:
The correct word for the blank space is: predictive.
Explanation:
Predictive modeling, also called predictive analytics, uses data gathered in research and graphics in an attempt to predict events of different types from sports to company earnings. Predictive modeling uses Information Technology (IT) to collect large amounts of data to have the most accurate information in the study that would allow individuals to find out what could happen in the future. Predictive modeling is based on repetitive inputs that could give us an idea that patterns are formed now and then predictably.
The data collected from the different promotional items would be used in predictive modeling. This data mining technique uses past data to predict future customer behavior and can help Harrison's Gourmet Foods develop the best customer base by informing their marketing strategies.
Explanation:In the context of the question, the information Harrison's Gourmet Foods collects from the response of the promotional items forms the basis for predictive modeling. Predictive modeling is a process used in data mining to forecast future outcomes based on historical data.
It looks at patterns and trends in the data to predict future events. In Harrison’s case, they can use predictive modeling to identify which promotional items are more likely to influence customers to buy again, and then adjust marketing strategies accordingly. The goal ultimately being to develop the best customer base.
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67 people of 350 surveyed gave your company five stars. Of men, 40 out of 175 gave your company five stars. Was your company rated 5 stars more commonly among the general population or among men?
Answer:
The company was rated 5 stars more by Men
Explanation:
Given that
General population = 67/350
Men = 40/175
In checking the percentage ratio, we have
a. General population
= (67/350) × 100
= 19.14%
b. Men population
= (40/175) × 100
= 22.85%
Thus, seeing that 22.85% > 19.14%, therefore, company was rated 5 stars more among the men population.
The VP of Manufacturing at Roshanak Incorporated wants to buy a new die-cast machine for production. The die-cast machine is expected to cost around $1,000,000. Which document will most likely be used to solicit bids from suppliers?A) RFPB) eVoiceC) RFJD) RFB
Answer: (A) RFP
Explanation:
The RFP is stand for the Request for proposal and it is one of the type of business related document that is used by various types of organizations and the companies for the purpose of outlining the actual needs for the given project.
According to the given question, the RFP is the document that is used to solicit bids from the supplier as it it sent to the prospective suppliers for the specific competitive bids and the best bid is basically selected by the committee of capital investors.
After the selection process, the best supplier gives all the asset and the regular expenditure process of the specific organization. Therefore, Option (A) is correct answer.