Answer:
The correct answer is c) The ability to fulfill assigned responsibilities and the qualifications for advancement
Explanation:
The company should select procedures to achieve consistent assurance that workers at all levels cooperate in general and industry-specific CPE and other professional activities that empower them to fulfill responsibilities assigned and the qualifications for advancement.
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.
The Netflix database will also show you R rated movies when you run a search for a kid's movie. True False
Answer:
False
Explanation:
I've found that the Netflix is intuitive enough to not give R rated options after searching a kids movie
Answer:
this is completely false
Explanation:
Netflix puts restriction on movies that seem inappropriate to kids if r rated then they don't show it in the kid section only 18 and up.
Asymmetric information occurs when A. people engaging in a transaction are uncertain about future events. B. the information available to the people in a transaction is misleading or incomplete. C. everyone has the same information. D. one person in a transaction has more information than the other.
Answer:
D. one person in a transaction has more information than the other.
Explanation:
Asymmetric information
It is also referred to as the information failure , it occurs when one of the party during an economic transaction has more material knowledge than the other party .
For example,
When the seller of the goods and service have more knowledge than the buyer , but the reverse can also be true , i.e. , the buyer having more knowledge .
In most of the economic transaction , the information asymmetries are observed .
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.
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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____________ 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.
Cowtown Creamery, Inc., needs a certain part for its pasteurizing equipment to continue its operations and orders one for $3,000 from Dairy Supplies Company. Cowtown tells Dairy Supplies that it must receive the part by Tuesday or it will lose $10,000. Dairy Supplies ships the part late. Cowtown can recover _____________.
(A) $13,000.
(B) $10,000.
(C) $3,000.
(D) $0.
Answer:
(B) $10,000.
Explanation:
As in the given transaction, the customer already told the company that he wants the product by Tuesday or the company has to return the amount.
Afterward, the company is unable to ship the part on time.
So, the Cowtown can recover the amount of $10,000 instead of $13,000 as both parties are under the contract So, no one can escape from their responsibilities
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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A company's current stock price is $84.50 and it is likely to pay a $3.50 dividend next year. Since analysts estimate the company will have a 10 percent growth rate, what is its expected return?
Answer:
Expected return = 14.14%
Explanation:
Using the dividend growth model we have,
[tex]P_0 = \frac{D_1}{K_e - g}[/tex]
Where P0 represents current market price of the share.
D1 = Dividend at year end = $3.50
Expected growth rate = g = 10%
Ke = Expected Return
Now putting values in above, equation or formula we have
[tex]84.50 = \frac{3.50}{K_e - 0.10}[/tex]
[tex]K_e - 0.10 = \frac{3.50}{84.50} = 0.0414[/tex]
Ke = 0.0414 + 0.10 = 0.1414 = 14.14%
Thus, expected return = 14.14%
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.
George believes that women have difficulty coping with the stress of executive decisions. Sally is promoted into a senior management position and George soon complains that Sally won't be able to cope with this job. George is exhibiting which of the following perceptual errors?
A. Attribution errorB. StereotypingC. Projection biasD. Halo errorE. Recency error
Answer:
The correct answer is B. Stereotyping
Explanation:
The stereotype is a concept, idea or image model that is attributed to people or social groups, often in a preconceived way and without theoretical foundations.
In short, stereotypes are impressions, prejudices and labels created in a generalized and simplified manner by common sense.
With the development of societies, stereotypes were created and standardized various aspects related to human beings and their actions.
In this way, these models or clichés have been repeated over time, which has generated impersonal patterns and preconceived ideas, which in turn have been reproduced by cultures and replicated in the media, such as television, internet and many Sometimes they are used in humorous programs.
George is making a Stereotyping error, where he generalizes all women as unable to handle executive decisions based on stress, which is not fair or accurate.
Explanation:In this scenario, the perceptual error that George is exhibiting is B. Stereotyping. Stereotyping is a type of perceptual error where a person attributes fixed characteristics to individuals based on their membership in a particular group or category. In this case, George is categorizing all women as unable to handle stress related to executive decisions.
This is inaccurate and unfair since individual capabilities can significantly vary regardless of gender. Sally, who has been promoted to a senior management position, might be well capable in handling the associated stress and responsibilities, contrary to George's stereotype.
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Your savings account pays 4 percent per year: Each $100 in the bank grows to $104 over a 1-year period. If prices increase by 3 percent per year, by keeping $100 in the bank for a year you gain $ .
Answer:
$1
Explanation:
Given:
Interest paid per year = 4%
Amount invested = $100
Amount received after the year = $104
Increase in prices = 3%
Therefore,
the price of $100 after one year = $100 + 3% of $100 = $103
now,
The gain = Amount after the interest - The price after the increase
or
The gain = $104 - $103
or
The gain = $1
When at the commencement of a legal action a plaintiff asks the court to confiscate certain property belonging to the defendant to act as security for the satisfaction of the judgment he's seeking, the plaintiff is asking the court to issue a:
a) Garnishment
b) Writ of possession
c) Writ of attachment
d) None of the above
Answer:
The correct option is (c)
Explanation:
Writ of attachment is an order by court to seize or confiscate an asset or property mentioned on the writ that belongs to the defendant.
The asset is seized till the time legal action is pending. This is advantageous as plaintiff's rights are protected as well as acts as an aid in negotiating settlement with the defendant.
Garnishment is when money is withheld and given to another party.
At the upper-management level in an organization
- Human skills are not important
- Technical skills are less important than human skills
- Technical skills are more important than conceptual skills
- Technical skills are not important
Answer: In an upper-management organization technical skills are less important than human skills. Upper-management must have people skills to deal with the influx of people they deal with on a daily basis. The technical skills are more for lower and middle level workers in an organizations. The lower level workers will be the ones with more technical work such as first level managers.
Human resources, for instance, must be able to converse with people that have a wide variety of attitudes. They will need to be ready for people who are angry, crying, etc.
The correct answer is; Technical skills are less than important than human skills.
Answer: Technical skills are less important than human skills is my choice
Explanation:
________ represents the largest single market for foreign investment in the developing world.
a. India
b. South africa
c. China
d. Russia
e. Brazil
Answer:
Explanation:C
If the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports:
a. increase which shifts aggregate demand left.
b. decrease which shifts aggregate demand right.
c. decrease which shifts aggregate demand left.
d. increase which shifts aggregate demand right.
Final answer:
When the dollar appreciates, U.S. net exports decrease, leading to a shift of the aggregate demand curve to the left (option c).
Explanation:
If the dollar appreciates, which might be due to speculation or government policy, U.S. net exports tend to decrease because American goods become more expensive for foreign buyers. Consequently, when net exports decrease, it is equivalent to a reduction in the external demand for U.S. goods and services, which reduces the aggregate demand in the economy. Therefore, the correct answer is:
c. decrease which shifts aggregate demand left.
The logic behind this is straightforward. When U.S. exports fall, the country is selling less to the rest of the world. At the same time, if the value of the dollar is higher, imports become relatively cheaper, potentially increasing the amount that Americans buy from abroad. This results in a net decrease in the total volume of exports minus imports, which is what we refer to when discussing net exports. This shift in demand due to changing net exports affects the overall economic activity as represented by the aggregate demand curve in macroeconomic models.
If the dollar appreciates, it means that the value of the U.S. dollar increases relative to other currencies. This situation generally leads to a decrease in U.S. net exports because U.S. goods become more expensive for foreign buyers, while foreign goods become cheaper for U.S. buyers.
So, the correct answer is:
c. decrease which shifts aggregate demand left.
This is because a decrease in net exports leads to a decrease in aggregate demand, shifting the aggregate demand curve to the left.
Suppose an organization donates a portion of its profits to charity, provides its employees with one day off per month for community volunteer service, sponsors several local youth activities for underprivileged children, and has a cutting-edge recycling program. Which approach to social responsibility is this firm taking? Defensive stance accommodative stance obstructionist stance proactive stance
Answer:
The correct answer would be option D, Proactive Stance.
Explanation:
There are four major stances to Social Responsibility. Defensive, Accommodative, Obstructionist and Proactive are these Stances. Proactive Stance is the highest among all, in which an organization or company or individual acts in advance of a future situation rather than being defensive or confronting the situation when arises. Proactive stance emphasizes on doing something on your own proactively.
So when an organization denotes portion of its profits to charity, its employees spends a day in a month for community volunteer service, sponsors several local youth activities for underprivileged children and has a cutting edge recycling program, the organization is doing more than what is legally required to do. They are proactively participating in the social causes. So Option D would be the answer.
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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Rational choice theorists would define the behavior of corporate executives who outsource many jobs to countries where the cost of labor is substantially less than in the United States as being:
a) instrumentalb) expressivec) habituald) affective
Answer:
a) instrumental
Explanation:
According to my research on studies conducted by various Rationalists, I can say that based on the information provided within the question they would classify this as being Instrumental. This term refers to making choices based on the means that "work" efficiently in order to achieve a certain goal. Which in this case is what The United States is doing by outsourcing job to people that charge a lot less.
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Specialization and the division of ______ can increase productivity. Please choose the correct answer from the following choices:
Answer choices
- knowledge
- monetary
- resources
- capital
- labor
Answer:
Specialization and the division of labor can increase productivity.
Explanation:
Specialization is about an invidivual focusing on very specific tasks that are best suited to them according to their skills and knowledge. This concept can be applied to companies and countries, as they specialize on producing a small amount of products they excel at, for having the raw material, knowledge and/or technology to do so.
The division of labor is about breaking down the production process of a good in different parts performed by different people instead of having all workers performing all the tasks. The idea is to let workers be specialists in a small amout of tasks so that they can be more efficient and overall productivity can be greatly increased. This concept was introduced by the 'father of economics' Adam Smith in his book "The Wealth of Nations" released in 1776.
Specialization and division of labor are complementing concepts that bring a company an increase in productivity and helps achieve economies of scale.
Rinker Audio Products has a fully-staffed purchasing department that procures various inputs. It also has various domestic manufacturing facilities that coordinate with the purchasing department. Rinker's distribution function coordinates the shipment of finished products. Taken together, Rinker Audio Products' purchasing, manufacturing, and distribution functions constitute the company's
A. promotion.
B. recruitment.
C. logistics.
D. benchmarking.
E. inshoring.
Answer: Logistics
Explanation: Logistics refers to the group of complex operation that are to be performed within an organisation by different individuals under the guidance of various different experts of such tasks. These operations are dependent on each other for their effective performance.
Thus, we can conclude that the combination of Rinker's manufacturing, distribution and purchasing activities will collectively be called as logistics.
Freez is an ice-cream manufacturer in Ceda, a predominantly agrarian nation. Freez does not spend too muchon marketing its products. Instead, it focuses on improving the processes through which it manufactures ice-cream. Freez believes that the quality of the ice cream alone is enough to differentiate itself from other manufacturers and generate sales. In this scenario, Freez’s marketing strategy is: -promotion oriented. -relationship-marketing oriented. -sales oriented. -production oriented. -marketing-concept oriented
Answer:
The answer is: Product oriented
Explanation:
Marketing considers products as tangible goods or intangible services that satisfy a customer´s need or demand. In this case Ice Cream is Freez´s product and their marketing strategy is based on making their product better. They expect consumer fidelity to be very high and word of mouth marketing to take place.
They believe that once a customer tries their ice cream, two things will happen; They will like their ice cream so much that they will keep buying it (consumer fidelity), and that they will start word of mouth marketing. That is that one customer will tell his friends how good Freez´s ice cream is and that will make those people want to buy the ice cream. Once they buy the product, they will be so satisfied that they will again recommend the ice cream to their other friends. Word of mouth marketing works (on a small scale) the same way social network notifications or viral internet videos work, basically good gossip.
How did the constitution differ from the articles of confederation? Match the correct document on the left to each of the features on the right. Drag each item on the left to its matching item on the right. Note that every item may not have a match, while some items may have more than one match?
How the constitution differs from the Articles of the Confederation.
The Constitution of the United States was created on September 7, 1787, and ratified on June 21, 1788. It is the present constitution of the United States, although it has been amended many times.
The Articles of Confederation were the first introduced constitution of the United States. It was created on November 15, 1777, and ratified on March 1, 1781.
Further ExplanationThe Constitution of the United State operates the bicameral legislature, which consists of the senate and the House of Representatives. It is also known as CONGRESS. There are up to 2 senators from each state and the numbers of representatives depend on the actual population of each state. Members of Congress are elected by the people and the voting in congress is one vote per one representative. There is also an executive arm of government headed by the PRESIDENT.
The Articles of Confederation operates unicameral legislature, also known as the CONGRESS. There are 2 to 7 members that represent each state. The voting pattern in congress is one vote per state and the members of congress are appointed by the state legislators. The executive arm of government is not recognized in the articles of the confederation.
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What is a constitution https://brainly.com/question/13355538the Articles of Confederation https://brainly.com/question/2786803KEYWORDS:
articles of the confederationconstitutionsunited statespresidentexecutiveslegislatorsbicameralunicameralThe constitution differ from the articles of confederation by Constitution - Bicameral legislature, included provisions for an executive office, only the national government can coin money
Further explanationCongress has two chambers such as Senate and House of Representatives . Senate is smaller because each state has two senators . While House is larger because ach state has a number of representatives proportional to its population . Founding Fathers chose bicameralism for historical, theoretical, and practical reasons
The Articles of Confederation and Perpetual Union is an agreement among the 13 original states of the United States of America that served as its first constitution. It was approved by the Second Continental Congress on November 15, 1777.
Bicameral legislature is any lawmaking body of government that consists of two separate houses or chambers, such as the House of Representatives and the Senate that make up the United States Congress. The Constitution created a bicameral national legislature A Congress composed of two separate chambers, the Senate and the House of Representatives.
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Grade: 9
Subject: business
Chapter: the articles of confederation
Keywords: the articles of confederation, constitution, Bicameral legislature,
The strategic plan is designed by the executive leaders and is designed to:
A. Guide leaders on the steps needed to achieve operational success
B. Determine weekly operational goals
C. Build a portfolio that will support market penetration
D. Identify where the organization is and where it wants to go
Answer:
The correct answer is D. Identify where the organization is and where it wants to go
Explanation:
In an organization we have different types of plan, such as.
Strategic plan outline the mission, vision and high levels goals for the long-term future . This is a global view of the situation.
Operational plan or work plan, are the goals you have to achieve in the near future.
So, from the given options , the right answer is D. Identify where the organization is and where it wants to go
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.
Applied overhead is a.an important part of normal costing. b.never used in normal costing. c.an important part of actual costing. d.the predetermined overhead rate multiplied by estimated activity level. e.the predetermined overhead rate multiplied by estimated activity level for the month.
Answer:
a. an important part of normal costing.
Explanation:
Applied overhead -
It is a overhead type which is recorded in the cost - accounting method .
It is the fixed rate that is charged for some specific production department or job within the company .
Some other forms of applied overhead are the insurance and depreciation .
Applied overhead is an important part of the normal costing .
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:
Many businesses today appear to have some type of corporate social responsibility edict. When might the need for social responsibility conflict with the need to maximize profits? When the needs conflict, how should an organization decide which path to pursue?
According to Kenneth Goodpaster and John Mathews, authors of the manifesto "Can a corporation have a conscience?" Addressed this paradox by formulating an apparent dilemma: multinational companies are so powerful that it is dangerous for them to interfere in social and political issues, but it is also important that they dedicate only to maximize your earnings. For both, the conclusion is that is entering social and political issues companies have certain possibilities to increase their profits, they will simply do so.
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.
All of the following statements are true about preferred stock EXCEPT:
A. Preferred dividends are paid before common
B. In most cases dividends are paid semi-annually
C. Corporations must pay preferred dividends
D. Preferred shareholders are paid before common shareholders upon liquidation of a corporation
The incorrect statement about preferred stock is that corporations must pay preferred dividends.
Although preferred dividends are paid before common dividends, there is no legal obligation for corporations to pay them.
The correct option is c.
Explanation:The statement in question is related to the characteristics of preferred stock. Let me help you understand each option.
A. Preferred dividends are indeed paid before common dividends. This is one of the advantages of preferred shares.
B. The payment of preferred dividends is typically semi-annual, but this can also depend on the company's dividend policy.
C. This is the incorrect statement. While preferred dividends have priority over common dividends, corporations are not legally obligated to pay them. If the company's financial situation is not good, the board may decide to omit or delay these dividends.
D. If a company is liquidated, preferred shareholders are paid before common shareholders. They have a higher claim to the company's assets.
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