An economy experiencing falling demand, employment, and income is in the contraction phase of the business cycle.
What is contraction phase?
The contraction phase, also known as the contractionary phase or downturn, is a stage of the business cycle in which the economy experiences a decline in economic activity.
This phase is characterized by falling levels of output, employment, and income, often accompanied by rising levels of unemployment, decreased consumer spending, and declining business profits.
It is typically marked by a decrease in consumer and business confidence, a slowdown in production, and a reduction in economic growth. The contraction phase is followed by the trough or bottom of the cycle before entering the expansion phase.
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form of business ownership that looks like a corporation but is taxed as though it were a partnership with restrictions on shareholders is
An S corporation is a form of business ownership that looks like a corporation but is taxed as though it were a partnership with restrictions on shareholders.
What is the meaning of S Corp?For federal taxation purposes, S companies are businesses that choose to pass corporate income, losses, deductions, and credits to their shareholders. S company shareholders are assessed tax at their individual income tax rates and are required to declare the flow-through of their gains and losses on their personal tax returns.
As a result, S firms can avoid paying corporate income taxes twice. S companies are subject to entity-level taxation on specific built-in profits and passive income.
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3. a marxist solution to economic crisis of overproduction would be: group of answer choices a socialist economy with government ownership of banks and businesses since economic instability is based on the exploitation of workers and reinvestment of profits. allowing business to go bust since to clear the ground for new firms and technology. laissez-faire or free market policies since the economy will tend towards full employment on its own. government stabilization through changing spending, taxes, and interest rates.
According to Marxist theory, the economic crisis of capitalism arises. This crisis occurs when capitalists produce more goods than the market can absorb.
Out of the answer choices provided, the closest option to a Marxist solution to economic crisis of overproduction would be a socialist economy with government ownership of banks and businesses, since this would allow for greater democratic control over the economy and ensure that resources are allocated in the interest of the broader community rather than for the benefit of a small capitalist class. This would also allow for the reinvestment of profits in socially useful sectors, rather than solely for the purpose of generating profit for the owners.
Allowing businesses to go bust would not be a viable solution according to a Marxist perspective, as this would lead to further unemployment and a greater concentration of capital in the hands of the remaining capitalists. Similarly, laissez-faire or free market policies would not address the underlying contradictions of capitalism that lead to economic crises of overproduction.
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Which of these countries is benefitting through gains from trade? multiple choice question. Country f imports component parts from country g and uses them to build automobiles that it exports back to country g. Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently. Country c exports all of its agricultural products at a high price and then imports those same products at a lesser cost. Country d and country e share a border and trade between each other to avoid import fees
The country that is benefiting through gains from international trade from the given options is:
Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently i.e. Statement 2Country a is importing goods that are produced more efficiently by country b, and in turn, is exporting goods that it produces more efficiently. This allows both countries to benefit from the gains from trade, as they can produce and trade the goods that they are most efficient at producing, resulting in increased productivity and welfare for both countries.
International trade is the trading of labour and products by organizations in various nations. Purchaser products, unrefined substances, food and apparatus are traded on the global market. Global exchange permits nations to extend their business sectors and get close enough to labour and products that were already inaccessible locally.
International trade offers purchasers and nations the chance to get labour and products that are not accessible in their nation of origin or are more costly locally. The significance of worldwide exchange was perceived right in time by political financial specialists like Adam Smith and David Ricardo.
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Complete Question -
Which of these countries is benefitting through gains from trade? multiple choice questions.
Country f imports component parts from country g and uses them to build automobiles that it exports back to country g. Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently. Country c exports all of its agricultural products at a high price and then imports those same products at a lesser cost. Country d and country e share a border and trade with each other to avoid import fees(figure: supply and demand in the peach market) use figure: supply and demand in the peach market. the market is in equilibrium at point c. suppose most people drink peach juice in the afternoon with champagne. what will be the new equilibrium point in the peach juice market if a law banning alcohol passes?
With the help of the figure of supply and demand, the new equilibrium point in the peach juice market if a law banning alcohol passes will be Point A. The correct option is (D).
What do you mean by supply and demand?In economics, supply and demand refer to the connection between the quantity of a good that producers want to sell at different prices and the quantity that buyers want to purchase.
Supply is the total amount of a specific commodity or service that is made accessible to customers at a specific time and price.
Demand is a reflection of a consumer's intention to buy products and services; it serves as a gauge of a consumer's willingness to pay a particular price for a given good or service.
Therefore, with the help of the figure of supply and demand, the new equilibrium point in the peach juice market if a law banning alcohol passes will be Point A.
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the amount of investment in an economy exceeds the amount of savings during a recession. true or false
This statement is False. During a recession, the amount of investment in the economy usually falls below the amount of savings.
This is because businesses are cutting back on investment spending, households are saving more as a precaution, and banks and other lenders are reluctant to lend money. As a result, businesses have less access to capital and are less willing to invest in new projects. This leads to a decrease in investment, which is usually less than the amount of savings. As a result, the economy does not grow and economic activity declines. This is typical during a recession and is one of the main factors that contribute to an economic downturn.
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assume that suvs are normal goods. data shows that household income increased in 2021, and the chip shortage has decreased the supply of cars and suvs. as a result, you can expect
We can anticipate that the price of cars has gone higher due to the chip scarcity, which has reduced the Supply of cars.
Supply: What Is It?A basic economic notion of supply refers to the total amount of a given commodity or service that is made available to consumers. When shown as a graph, supply can refer to the amount that is offered at a set price or the quantity that is offered over a range of prices.
Does greater supply equate to lower prices?When demand is constant, there is a inverse correlation between supply and the cost of products and services. Prices tend to drop to a lower price level and a greater equilibrium quantity of goods and services if supply in goods and services increases while demand stays the same.
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which of the following is an example of material reward? i- jasper promises to take his daughter to disney land if she brings up her grades at school. ii- antoinette is volunteering to clean up the leaves at her church iii- karina should be receiving a bonus once she meets her sales figures this month. iv- a football coach will kick out of the team anyone who misses practice for no reason.
Jasper promises to take his daughter to disney land if she brings up her grades at school is an example of material reward. Toys, candy, and other pricey items are examples of material rewards. Social rewards are yet another category of reward. The answer is OPTION i
Social rewards can be even more effective than monetary prizes and are often inexpensive or even free. Additionally, they can be given more frequently and right away following actions you prefer. An impressive work title, professional advancement, individual accomplishments, accolades, etc. are a few examples. It includes things like presents, raises, and bonuses. Employees feel valued in a firm when they receive intrinsic benefits.
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assume that while employed at the manufacturing facility in france, a french woman was sexually harassed by a supervisor, who is also french. neither hold u.s. citizenship. may she bring an action for harassment in a u.s. federal court?
The French woman could be allowed to file a harassment claim in a federal court in the United States, but it would rely on a number of variables, including the specifics of the harassment.
Explain the above statement using valid arguments.Typically, a case must have some relationship to the United States, such as the presence of a U.S. person or the commission of a tort on U.S. soil, in order for a U.S. federal court to have authority over it. There are other laws governing when individuals who are not U.S. citizens or residents can be sued in U.S. courts. It might be challenging to prove the requisite link to the United States in this instance because neither the claimant nor the defendant are U.S. citizens, and the alleged harassment allegedly took place in France. Nonetheless, in some cases, such as when the defendant has a sufficient amount of connections with the United States, American courts may have authority over non-citizens.
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Price of Video Game Quantity Supplied
of Video Games Quantity Demanded
of Video Games
$50
0
500
$75
50
325
$100
200
200
$150
250
100
$200
400
0
In the supply-and-demand schedule shown above, at a price of $150, the quantity supplied of video games is _____ and the quantity demanded of video games is _____.
50, 325
250, 100
200, 200
Note that the equilibrium price as depicted in the supply-and-demand schedule for video games is $ 100.
What is the rationale for the above response?To determine the optimal price for this task, one must first grasp the Law of Supply and Demand and its mechanics.
The supply of an item or service generates demand for the good or service, according to the Law of Supply and Demand.
In this example, the growth of the video game market increases demand for video games. Demand and supply interact according to price, which is how the law works. When the price is high, the demand is low and the supply is plenty. If the price is cheap, the amount given is small, but the quantity sought is large.
This makes perfect sense when you consider that the buyer wants to pay the least amount feasible for a product, while the provider wants to earn the most amount possible.
In this situation, price is the adjustment vector that causes demand and supply to interact. There will come a moment when demand and supply are equal, which means that the number of video game customers will be the same as the number of video games sold. At this time, we say that the market is in equilibrium, and the price is the equilibrium price.
It occurs in this exercise when the quantity asked equals the quantity delivered, both in 200. The equilibrium price at that time is $100.
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answer the following questions about diversified v.s. specialized cities. a. what kind of agglomerations are mostly provided by diversified cities? by specialized cities? b. urban economists duranton and puga present evidence that in france over 7 out of 10 firms relocate from diversified to specialized cities. what makes firms start their lifecycle in diversified cities and relocate to specialized cities? c. auto industry emerged in detroit which was a diversified city at the beginning of the 20th cen- tury. but major firms like ford and general motors did not leave detroit. is this consistent with your answers to a previous question? why yes or no?
Agglomerations provided by specialized cities are: Low cost labor, easier availability of raw materials, development of associated services like transport, recreation etc, better framing of city plan as per industries need.
Agglomerations provided by diversified cities: city can deal with economic fluctuations better, diversity can reduce dependence on one industry, all kinds of associated businesses develop from hotels to hospitals and from schools to recreation.
Businesses relocate to specialized cities to take advantage of the plentiful labor supply. It might be able to take advantage of the transportation and infrastructure network that has already been established. Also, the government might designate a city as a special economic zone where there are lenient labor regulations and possible tax breaks for businesses that export. Businesses might also want to benefit from lax environmental restrictions.
This may have happened due to following factors:
1. Overspecialization of all factors of production for GM and Ford in Detroit
2. The internal and external economies of scale.
3. Detroit's ability to attract best workers.
4. Development of all ancillary industries nearby.
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trio company reports the following information for its first year of operations. direct materials $ 11 per unit direct labor $ 15 per unit variable overhead $ 5 per unit fixed overhead $ 284,200 per year units produced 20,300 units units sold 17,000 units ending finished goods inventory 3,300 units 1. compute the product cost per unit using absorption costing. 2. determine the cost of ending finished goods inventory using absorption costing. 3. determine the cost of goods sold using absorption costing.
the cost of finishing concluded absorption costing is $4,090. To calculate the product cost per unit using absorption costing, we must include all variable and fixed production expenses.
is: Direct materials + direct labor + variable overhead + (number of units produced) = $11 + $15 + $5 + ($284,200 20,300) = $11 + $15 + $5 + $14 = $45 per unit. As a result, considering absorption costs, the product cost per unit is $45. To calculate the cost of terminating finished goods inventory using absorption costing, multiply the product cost per unit by the number of units in the inventory Ending completed goods inventory cost = product cost per unit x number of units in inventory = $45 x 3,300 = $148,500 As a result, the cost of finishing concluded To calculate the product cost per unit using absorption costing, we must include all variable and fixed production expenses. The entire cost of production per unit is Direct materials + direct labor + variable overhead + (number of units produced) = $11 + $15 + $5 + ($284,200 20,300) = $11 + $15 + $5 + $14 = $45 per unit. As a result, considering absorption costs, the product cost per unit is $45. To calculate the cost of terminating finished goods inventory using absorption costing, multiply the product cost per unit by the number of units in the inventory. Ending completed goods inventory cost = product cost per unit x number of units in inventory = $45 x 3,300 = $148,500 As a result, the cost of finishing concluded absorption costing is $4,090.
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in footnotes to the financial statements, companies disclose future commitments such as for leases and purchase commitments. how is this information useful to investors? this information is not useful to investors; it only helps potential future lenders to the company it allows investors to re-create a cash flow statement as if these amounts had been paid in the current period it helps them understand the amount of future operating expenses that are committed it allows investors to re-state the balance sheet in their financial models
Companies reveal future commitments through footnotes to the financial statements, which relate to additional information a firm includes about its finances while filing a financial statement.
In order to fully disclose information, it must be presented in a way that is pertinent to the readers of the financial statements. The notes (footnotes) to the financial accounts frequently do this.
When a firm files a financial statement, it may also include additional information about its financial situation in footnotes to the financial statements. The data and accounts in the financial statements of the company are explained in the footnotes, which are also known as supplemental notes.
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somerset leasing received $38,400 for 12 months' rent in advance. how should somerset record this transaction?
Somerset should record this transaction as debit cash $38,400.
What is a transaction?A transaction is a fundamental concept in business and finance that refers to the exchange of goods, services, or money between two or more parties. In a transaction, each party has something of value that they wish to exchange with the other party. The exchange can be in the form of a sale, purchase, transfer, or agreement to do something in exchange for something else. Transactions are usually recorded and tracked to ensure accuracy and accountability. They can take many forms, such as cash transactions, credit card transactions, wire transfers, or electronic payments. In the world of finance, transactions are critical for keeping track of money flows and maintaining financial records. Accurate recording and tracking of transactions are essential for businesses, governments, and individuals to ensure financial transparency, compliance with regulations, and smooth financial operations.
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selected financial information for greek food producers is presented in the following table (000s omitted). beginning raw materials inventory $500 ending raw materials inventory $200 direct labor $260 operating expenses $720 purchases of direct materials $590 beginning work in process inventory $330 ending work in process inventory $680 sales revenue $4800 manufacturing overhead $820 beginning finished goods inventory $290 ending finished goods inventory $340 what was the cost of direct materials used?
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, which is the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two).
Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance.
(Beginning raw materials inventory
+
Purchases of direct materials
+
Direct labor
+
Manufacturing overhead
+
Beginning work in process inventory
+
Beginning finished goods inventory)
-
(Ending raw materials inventory
+
Ending work in process inventory
+
Ending finished goods inventory)
=
Cost of goods sold
($500+ $590+ $260+ $820+ $330+ $290) - ($200+ $680+ $340)
= $1570
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which of the following statements relating to process handoffs is/are true? select all that apply. question 3 options: handoffs within a process happens when the control for executing a certain activity is passed on from one lane owner to another lane owner. handoffs imply that the execution control of an activity has been passed on from one human actor to another human actor. handoffs imply that the execution control of an activity has been passed on from one actor to another. minimizing the number of handoffs is generally a desired goal, as it helps enhance process efficiency.
Statement b.), c.) and d.) are correct. Hand-offs are the times when teams or individuals communicate with one another as they transfer information and/or procedures to one another.
b.) Hand-offs mean that the control over how an activity is carried out has been transferred from one human actor to another. c.) Hand-offs suggest a transfer of authority over how an activity is carried out from one actor to another. d.) Generally speaking, reducing the number of hand-offs is a desired outcome because it improves process efficiency.
Hence, all of the above statements are correct.
Hand-off, as used in the context of business processes, occurs when ownership of a certain task is transferred from one person to another. It is also the time when the procedure is most open to attack. Here, things may and frequently do go wrong. Most likely, when people discuss bad collaboration or communication, they're talking about hand-offs.
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The complete question is:
Which of the following statements relating to process hand-offs is/are true? Select all that apply:
a.) handoffs within a process happens when the control for executing a certain activity is passed on from one lane owner to another lane owner.
b.) handoffs imply that the execution control of an activity has been passed on from one human actor to another human actor.
c.) handoffs imply that the execution control of an activity has been passed on from one actor to another.
d.) minimizing the number of handoffs is generally a desired goal, as it helps enhance process efficiency.
What is the first step of the selection process?
The first step of the selection process is typically to review the job application or resume to determine if the candidate meets the minimum qualifications for the position. This step is also known as the initial screening.
Which five stages of the choosing procedure are there?Open the demand, screen the applicants, interview the prospects, choose the best, and make the offer are the five distinct stages of the hiring process that recruiters can help hiring managers with.
What is the method of selection?The selection procedure refers to choosing the best applicant with the necessary skills and qualities to fill the position in the business. The selection procedure is a complicated one that takes a long time. There are several steps before the choice is made.
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The aging of accounts receivable recognizes that an account is more likely to
become uncollectable as it gets.
A. delinquent
B. smaller
о
C. larger
O D. older
—
SUBMIT
Answer:
D. Older
Explanation:
The longer it takes, the less likely it will be paid. People who care about their credit pay it off as soon as possible. If they do not care, they know the unpaid debt will likely fall off of their credit report after 7 years depending on the situation
The aging of accounts receivable recognizes that an account is more likely to become uncollectable as it gets older.
Hence, the answer is D. older.
The aging of accounts receivable is a process of classifying accounts receivable according to the length of time they have been outstanding. Accounts that are older are more likely to become uncollectible because the customer has had more time to default on the payment.
Option A, delinquent, is incorrect because it is not the only factor that determines whether an account is likely to become uncollectible. The age of the account is also a significant factor.
Option B, smaller, is incorrect because there is no correlation between the size of an account and its likelihood of becoming uncollectible.
Option C, larger, is incorrect for the same reason as option B.
Therefore, the answer is D. older.
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All of the following tests are included in the ethical decision-making metric except
Multiple Choice
the admired observer test.
the legality test.
the moral mentor test.
the publicity test.
the transparency test.
The tests are included in the ethical decision-making metric except the publicity test. Thus, option (d) is correct.
What is ethical?
A person who follows moral standards is referred to as “ethical.” The ethical aids us in determining what is good and wrong. An ethical person is one who is honest, true, values, honor, choice, and fairness.
According to the ethical decision-making, was the based on the individual as well as the working place. The ethical decision-making are not to he considers as the publicity test because as the public would view a decision.
As a result, the significance of the ethical are the aforementioned. Therefore, option (d) is correct.
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Recording the transfer of partially completed from one processing department to another requires a debit and credit to the ____ in both of the processing departments
It is necessary to debit and credit the work that is still in progress in both processing departments when recording the transfer of partially completed work from one processing department to another.
What constitutes an unfinished work?The term "work in progress" (WIP), also known as "work in process," refers to inventory that has started the manufacturing process but is still not a finished good. It is no longer part of the raw material inventory. Because funds have been used to produce a finished good, work in progress is viewed as an asset on a balance sheet.
What exactly are we processing right now?Processes are typically brief-lived because they consist of a collection of actions. Work in process, as used in manufacturing, typically only lasts a short while before it is transformed into a finished good.
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what line item flows from the balance sheet to the statement of cash flows
The line item that flows from the balance sheet to the statement of cash flows is the "Change in Cash and Cash Equivalents" line item.
This line item reflects the change in the company's cash and cash equivalents from one period to another and is calculated by subtracting the cash and cash equivalents at the beginning of the period from the cash and cash equivalents at the end of the period.
This line item is important because it provides insight into the company's liquidity and ability to meet its short-term obligations. It is also an important component of the statement of cash flows, which provides information about the company's cash inflows and outflows during the period.
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the federal reserve is raising interest rates in an attempt to slow down what economic phenomenon that results in increased prices for goods and services.
True or False
Us federal reserve is increasing interest rates inside an effort to curb the economic phenomena that is causing the cost of goods and services to rise. True
Who is in charge of the Federal Reserve?The Board of Governors is the group responsible for overseeing the Federal Reserve System, and it is based in Washington, D.C. The seven individuals who serve as its "governors" are chosen by us president and ratified by the Senate.
How strong is indeed the Federal Reserve System?The Federal Reserve, sometimes known as the Fed, is the most potent economic institution around the world, if not the entire country of the United States. Setting interest rates, controlling the money supply, & overseeing the financial system are some of its main functions.
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What type of unemployment is created by a recession ?
Periods of slow economic growth characterized crises can lead recessions .Cyclical unemployment may occur after an economic downturn in consumer demand for products & services steadily declines.
How was cyclical unemployment, and why does it manifest itself?When construction employees were laid off in the Great Recession due to the financial crisis in 2008, this was a case of cyclical unemployment. Due to the faltering housing market, there was a sharp decline in the building of new homes, which increased the cyclical unemployment rate for construction employees.
What is the root cause of cyclical unemployment?Why does unemployment cycle? People cut back on their spending during recessions, which leads to cyclical unemployment. Production declines as a result of decreased demand for goods and services. Layoffs occur as a result of decreased revenue and staffing requirements for business operations.
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which two constraints ensure the economies of scale in process 2 is properly formulated? group of answer choices a. x12-5y2>
Economies of scale are cost advantages that businesses enjoy as a result of efficient production. In order to attain economies of scale, businesses must increase production while reducing expenses.
TYPES OF ECONOMIES SCALE
Internal Economies of Scale originate from internal factors within the organization. The Internal Economies of Scale are the internal factors that can be controlled by the organization to lower the cost of production.
Economies of scale can be defined as the long-term cost advantages that an organization can get by expanding their output. Hence, the benefits of large-scale growth are referred to as "Economies of Scale." The advantage in cost is achieved through the lower average cost per unit.
external economies of scale factors External economies of scale take place within the same industry but outside of a specific business. Keep in mind that economies of scale in economics refer to the fact that a company's cost of producing each unit decreases as it produces more units.
The cost of production per unit, on the other hand, is impacted by external economies of scale. The elements that lower the cost of production are the external economies of scale. External economies of scale cannot be managed by the organization, in contrast to internal economies of scale. These include things like tax breaks, partnerships, the availability of highly skilled labor, etc.
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____________. consumers demand different amounts at every price, causing the demand curve to shift to the left or the right.
Change in Demand is the consumers demand different amounts at every price, causing the demand curve to shift to the left or the right.
What factors influence demand?Changes in customer income, consumer preferences, the price of related goods, demographics, customer expectations, and advertising and marketing are all factors that can cause a change in demand. In general, an increase in consumer income leads to an increase in demand for ordinary goods, whereas a decrease in income can lead to a decrease in consumption. Changes in consumer preferences or demographics can also have an impact on the demand for specific goods and services. Demand can be influenced by the price of related goods such as substitutes and complements. Finally, advertising and marketing have the ability to influence consumer perceptions and generate demand for new or existing products.
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when employees become disenchanted with a major change, supervisors should: group of answer choices ignore them neutralize their opposition and acknowledge their concerns transfer them confront them
When employees become disenchanted with a major change, supervisors should: neutralize their opposition and acknowledge their concerns i.e. Option 2
A supervisor or lead, (otherwise called foreman, chief, regulator, facilitator, screen, region facilitator, line director or some of the time gaffer) is the working title of a lower-level administration position that is fundamentally founded on power over labourers or a workplace. A supervisor can likewise be one of the most senior in the staff at the work environment, for example, a teacher who supervises a PhD paper. Oversight, then again, can be performed by individuals without this conventional title, for instance by guardians. The term boss itself can be utilized to allude to any workforce who have this errand as an aspect of their responsibilities portrayal.
A worker is a boss on the off chance that they have the power and position to do the accompanying activities (as per the Ontario Service of Work):
Give directions and additional orders to subordinates.
Be considered answerable for the work and activities of different representatives.
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Complete Question -
when employees become disenchanted with a major change, supervisors should: have a group of answer choices
ignore them neutralize their opposition and acknowledge their concerns transfer them confront themlawrence corporation is considering the purchase of a new piece of equipment. when discounted at the cost of capital of 16%, the project has a net present value of $24,590. when discounted at rate of 19%, the project has a net present value of $(28,940). the internal rate of return of the project is:
The internal rate of return of the project is approximately 17.5%. This is the discount rate at which the project's NPV is zero, meaning that the project is expected to earn a return of 17.5% on the initial investment.
To calculate the internal rate of return (IRR) of the project, we need to find the discount rate at which the project's net present value (NPV) equals zero. We can use trial and error.
Using trial and error, we can start by assuming a rate between 16% and 19%, and then calculate the net present value of the project at that rate. If the NPV is positive, we need to try a higher rate; if the net present value is negative, we need to try a lower rate. By repeating this process, we can narrow down the range of possible IRRs until we find the rate that makes the net present value zero.
Alternatively, we can use the IRR function in Excel. We can input the cash flows of the project as a series of values, including the initial investment and the expected future cash flows, and then use the IRR function to find the rate that makes the NPV of the cash flows zero.
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Suppose that the hr department at the fruitguys prepared an employee and organizational capabilities inventory for chris mittelstaedt. How could he best use this information? check all that apply
Chris Mittelstaedt, the founder and CEO of The FruitGuys, feels that creating a company's culture through human resources (HR) is more important than hiring certain people.
Which HR responsibility is the most crucial?One of HR's key duties is overseeing employee salary and benefits. The efficient management of pay, leave, and insurance ensures that employee satisfaction is kept at a high level. As a human resource manager, you will be responsible for dispersing, promoting, and improving compensation and benefit packages.
What function do human resources serve in a company?Human resources can be used to develop, strengthen, or change an organization's culture. Important facets of working culture that HR is accountable for include compensation, people management, training and growth, recruiting and integration, and reaffirming the company's values.
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Where does the Profit go when
closing entries?
A. Retained Earnings
B. Revenue
C. The Income Summary
D. Cash
Answer:
The profit goes to the Retained Earnings account when closing entries are made.
Explanation:
raising the minimum wage increases the rate of unemployment. positive or normative?
The statement "raising the minimum wage increases the rate of unemployment" is a normative statement. Normative statements are statements that express a value judgement or an opinion about what ought to be or what should be.
They are subjective and cannot be proven true or false. On the other hand, positive statements are statements that can be tested and verified. They describe what is and are based on facts and evidence. So, the statement about minimum wage and unemployment is a normative statement because it is expressing an opinion about what the effect of raising the minimum wage will be.
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you are the senior hr director at dynamo industries, a medium-sized manufacturer of small electrical motors. the firm employs 9800 people and has plants in st. paul, atlanta, and little rock. the company needs to hire a new chief executive officer (ceo), as the current ceo is on medical leave with plans to retire. what selection tools will you use for selecting the replacement ceo and why? how will you make a final decision of who to hire? be sure to consider validity, utility, and legal considerations when explaining the rationale for your choices.
As the senior HR director at Dynamo Industries, selecting a new CEO is a critical decision that will impact the future success of the company. To ensure the best selection, I would use a combination of selection tools that are valid, have high utility, and are legally defensible.
A rigorous, systematic interview procedure would be a crucial tool to use. A varied group of interviewers, including members of the board, senior executives, and managers from various functional divisions of the organization, should be involved in the interview process. The interview questions should be tailored to the exact competences, skills, and experience required for the CEO role, as well as the corporate culture and values. The interview should be geared to evaluate the candidate's abilities to lead, communicate effectively, make strategic decisions, manage change, and create connections with important stakeholders.
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