The type of court action that Alex is filing is suit of foreclosure.
What is a foreclosure?Through the legal process of foreclosure, a lender may attempt to recover the remaining balance of a loan from a borrower who has stopped paying the lender. This involves forcing the sale of the item pledged as collateral for the loan. Formally, a mortgage lender or other lienholder terminates an equity right of redemption of a mortgage borrower by court order or by operation of law (after following a specific statutory procedure). Typically, a borrower who mortgages or pledges an asset like a house to finance the loan gives the lender a security interest in the asset. Courts of equity may grant the borrower the equitable right of redemption if the borrower repays the debt if the lender tries to repossess the property after the borrower defaults.
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Kroger, the largest u. S. Supermarket chain, recently partnered with alibaba, china’s largest e-commerce marketer, to sell kroger’s organic private-branded food products. This distribution arrangement is.
This distribution arrangement is a Strategic channel alliance.
A strategic alliance is an association among groups to adopt a together useful challenge while everyone keeps their independence. The settlement is less complex and much less binding than a joint undertaking, wherein businesses pool assets to create a separate enterprise entity.
Alliances are much less transaction orientated (if in any respect), and measured in commercial enterprise blessings (smooth dollars). Alliances are extra lengthy-time period strategic partnerships, interactive and creative by using nature. Channel partners –represent a greater quantitative possibility: a means to get the product from A to B.
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assume the mpc is 0.75 and autonomous investment increases by 60 billion, what will be the impact on real gdp
The effect on actual GDP is $24 billion.
The required details for Gross home product (GDP) in given paragraph
Gross home product (GDP) is a monetary degree of the marketplace price of all the very last goods and offerings produced and sold (now no longer resold) in a selected term through countries. Due to its complicated and subjective nature this degree is frequently revised earlier than being taken into consideration a dependable indicator. GDP (nominal) in step with capita does now no longer, however, replicate variations in the fee of residing and the inflation rates of the countries; therefore, the usage of a foundation of GDP in step with capita at shopping electricity parity (PPP) can be extra beneficial whilst evaluating residing standards among nations, whilst nominal GDP is extra beneficial evaluating country wide economies at the worldwide marketplace.
Total GDP also can be damaged down into the contribution of every enterprise or region of the economy. The ratio of GDP to the whole populace of the place is the in step with capita GDP (additionally known as the Mean Standard of Living).
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dave borrowed $880 for one year and paid $80 in interest. the bank charged him a $8 service charge. what is the finance charge on this loan?
A finance charge is the total interest and loan fees you would be required to pay throughout the course of your mortgage loan.
How do you find the finance charge?The annual percentage rate (APR), the number of days in your payment cycle, and the average daily balance are frequently multiplied to determine the finance fee on a credit card. After that, the product is divided by 365. Finance fees are also applied to mortgages.For ExampleCurrent Balance owed - $880
Annual Percentage Rate (APR) - $80
Calculate For Billing cycle.
Billing Cycle Length - 365 days
The typical billing cycle is at least 15 days and not more than 90 days long.
A billing cycle's finance fee is $704.
In the subsequent billing cycle, there will be a new opening balance of $1,584.
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suppose a monopoly can sell 10 units of output for $21. in order to sell 11 units of output, the price must fall to $20. what is the marginal revenue of the 11th unit? group of answer choices $10 $20 $1 $220 $41
The marginal revenue of the 11th unit would be $10. Option A is correct.
What is the marginal revenue?The increase in income that occurs from the sale of one more unit of production is referred to as marginal revenue. While marginal income can remain constant over a given amount of output, the law of diminishing returns dictates that it will ultimately slow down as output level grows.
Formula:
[tex]\text{MR} = TR_n-TR_(n-1)[/tex].........................................(1)
Where,
n = Output Produced.
MR = Marginal Revenue
TR = Total Revenue
Computation of marginal revenue of the 11th units:
It is assumed that the company can sell 10 units for $21 each. As a result, the total income from the sale of ten units is $210. However, if the price is reduced to $20, it may sell 11 units. As a result, the total income generated from the sale of 11 units is $220.
By applying the values in formula (1),
$220 – $210 = $10.
Therefore, option A is correct.
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a new major component that is added to an existing asset is considered a(n) and should be capitalized.
A new major component that is added to an existing asset is considered a(n) improvements repairs & maintenance addition and should be capitalized.
An asset is a useful resource with financial value that an man or woman, company, or u . s . owns or controls with the expectancy that it's going to offer a destiny gain. assets are suggested on a business enterprise's balance sheet. they may be bought or created to boom a company's fee or advantage the firm's operations.
In financial accounting, an asset is any useful resource owned or controlled by means of a enterprise or an economic entity. it is something that may be used to supply positive economic fee. belongings constitute value of possession that may be converted into coins.
An asset is a aid owned or managed by way of an man or woman, employer, or government with the expectancy that it's going to generate a high-quality economic gain. not unusual sorts of property include modern-day, non-contemporary, bodily, intangible, operating, and non-running.
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areainterest revenue on bonds is reported as a.part of other income b.an addition to the investment in bonds account c.part of operating income d.part of comprehensive income but not as part of net income
Area interest revenue on bonds is reported as part of comprehensive income but not as part of net income (option D). Bond interest income is reported as a component of other income.
Securities that are held to maturity are typically bought to generate interest income. Securities kept or held until maturity are referred to as held to interest maturity securities. Other comprehensive income (OCI) in company accounting refers to revenues, expenses, gains, and losses that have not yet been realised but are not included in net income on an income statement. The balance between net income and comprehensive income is represented by OCI.
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a group of firms manufactures writing implements such as pens, pencils, and markers. this group should be referred to as a(n):
A group of firms manufactures writing implements such as pens, pencils, and markers. this group should be referred to as an industry.
What is Industry?
Industry, a collection of profitable businesses or establishments that create or provide products, services, or income sources. Industries are typically divided into primary, secondary, tertiary, and quaternary categories in economics; secondary industries are then further divided into heavy and light categories. A set of enterprises or manufacturers that generate a specific type of products or services is known as an industry. Fabrication, design, and sales of cloth are all done by textile workers. Every business part of tourism is included in the tourism industry. Industries are those sectors of the economy involved in the transformation of raw materials into finished commodities. Animal breeding and animal husbandry are both aspects of industry that are concerned with the production or processing of goods and resources. Activities requiring technological know-how and mechanical tools are referred to as industries.To know more about Industry visit:
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Exports only account for a small percentage of u. S. Business for which two reasons?.
Companies are unfamiliar with opportunities. Companies are intimidated by language, culture and currency differences.
What percentage of U.S. businesses export?Currently, over 166,384 small enterprises export from the United States, making up about 96% of all exporters and 26% of total exports ($341 billion of $1.32 trillion) (166,384 of 173,459 exporters). Exports only account for a small percentage of U.S.Business.Companies are unfamiliar with opportunities. Companies are intimidated by language, culture and currency differences.For companies of all sizes, exporting can be profitable.Sales generally increase more quickly, more jobs are added, and employees make more money than in non-exporting businesses.Advantage in the marketplace.The United States is renowned throughout the world for its innovative products and services, excellent customer support, and ethical corporate methods.To learn more about U.S. businesses export refer
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On january 2, carlton, incorporated, issued 100 shares of $10 par value common stock for cash of $10 per share.
Carlton, Inc. issued 100 shares of common stock with a par value of $10 for cash on January 2 in exchange for $10 per share.
What is common stock?
A structure of company equity ownership and a kind of security is common stock. Outside of the United States, the terms voting share as well as ordinary share are frequently used. In the UK as well as other Commonwealth nations, they are referred to as equity shares as well as ordinary shares. This kind of share entitles the holder to a portion of the company's profits as well as voting rights regarding corporate policy and the make-up of the board of trustees.
1000 shares of common stock, each valued at $10. The stock that all of a company's shareholders now own is referred to as shares outstanding. These consist of restricted shares owned by company officers and insiders as well as share blocks held by institutional investors. The declaration date, the date of record, and the payment date are the three crucial dates in relation to cash dividends. The board of directors declares its plan to pay the dividend on the declaration date. The proportion of ownership of a stockholder is unaffected by a dividend. Stock dividends increase the amount and number of shares in the company's capital stock, but they have no impact on the stockholders' "percentage" ownership.
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A time series with a seasonal pattern can be modeled by treating the season as a.
By treating the season as a dummy variable, a time series with a seasonal pattern can be modeled.
Dummy variable: what is it?In a regression model, a dummy variable is employed as an independent variable when. There is a number variable at play. There is a category variable at play. when two independent factors come into contact.
What function does a dummy variable serve in a seasonal analysis?Time series that have been adjusted for seasonality are created by removing the seasonal component from the data. Statistical organizations are permitted to use a seasonal adjustment process and report the adjusted time series. Using dummy variables is another way to get rid of the seasonal influence.
In time series, are dummy variables possible?Dummy variables are frequently used in the applications listed below, including time series analysis with seasonality or regime switching, analysis of qualitative data, such as survey responses, category representation, and representation of value levels.
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based on your above external and internal analysis, what 3-4 top priority issues do ceo kevin blank and under armour management need to address? (5 points)
Increased marketing efforts for regions outside of North America, even more, celebrity endorsements and campaigns, and ongoing goal-setting that keeps inventory costs low are all recommended based on the external and internal analyses I've done above.
Kevin Plank and Under Armour management needs to focus on three things in particular: global strategy, distribution problems, and advertising. The company's global strategy should be the very first thing Under Armour addresses. Global strategy is a crucial topic since it can aid a company in increasing its sales in other nations.
Under Armour should start by researching how other businesses grow in international regions. Under Armour must aim to start manufacturing and concentrate on overseas markets if it wants to grow its market share. In contrast to Under Armour, Nike has more than 250 locations abroad.
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the is a communicator in some marcom capacity who has thoughts to share with an individual customer/prospect or an entire target audience.
The source is a communicator in some marcom capacity who has thoughts to share with an individual customer/prospect or an entire target audience.
The term 'source' refers to an origin, such as the person who provided the writer with the information that led to the publication of a new article, the location from which something begins or the website where you can find celebrity rumours.
The noun source can also be used to describe data that has been taken from written materials like books, newspapers and journals. For instance, you read, paraphrase and quote from sources when you write a research report. A source can also be a place from where you obtain something, such as a particular retailer for cheap footwear, or it can be something that you obtain, such as oranges which are a good source of vitamin C.
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If a football player has a career that results in cte who do you think is responsible and why.
The following information should be considered:
The football player should be responsible since he agreed to play the sport knowing the dangers.
It might also be the person hitting his fault.
A football player or footballer is a sportsperson who plays one of the extraordinary types of soccer. the principle kinds of soccer are association football, American football, Canadian football, Australian policies soccer, Gaelic football, rugby league and rugby union.
Football, additionally called affiliation soccer or soccer, is a game concerning groups of eleven players who attempt to maneuver the ball into the other team's goal without the usage of their hands or hands. The team that ratings more dreams wins. football is the world's maximum famous ball sport in numbers of individuals and spectators.
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from the following list, select all of the performance areas that are typically observed by middle managers and operational managers.
All the selected performance areas that are typically observed by middle managers and operational managers.
salesemployee performanceadherence to organizational guidelinesstrategic financial decisionsThe position of managers is establishing and overseeing a selected organization, task or sector within a commercial enterprise. The quantity and scope of a manager's responsibilities can vary depending on their role in the agency. The process title of supervisor can mean that any person is handling a team or dealing with a positive characteristic.
A enterprise supervisor is a manager who controls and directs the employees and activities of an employer or a branch. by adopting operational plans, sporting out overall performance evaluations, and supervising all each day sports, they attempt to maintain the enterprise productive, efficient and organized always.
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What are the typical major targets of promotional activities?.
Faster delivery times, Cost savings, Increased exposure to customers and Promotional assistance.
Tactics to expand a powerful price Proposition. Conduct studies to determine the value proposition of your competitors. Give an explanation for the cost of your services and products.
Describe the blessings your perfect consumer will enjoy after they pick your service or product over the competition.
There are two simple steps you need to take before growing the advertising mix.
The first is to discover your usual intention or advertising and marketing approach. the second one is to pick out your target audience.
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under what california law must nick, the arranger of credit, provide disclosures about the financing?
Under Seller Financing Disclosure Law California law must nick, the arranger of credit, to provide disclosures about the financing.
“Credit” has three definitions within the context of personal finance. it is able to refer to lending; someone or a business enterprise's financial reputation; or, within the accounting experience, funds obtained. we'll give an explanation for every definition in the extra element below.
This term has many meanings inside the economic world, however, a credit score is usually defined as an agreement settlement wherein a borrower gets an amount of cash or something of fee and repays the lender at a later date, typically with the hobby.
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when zoe marchand inherited the family dry-cleaning business from her mother, it was disorganized and chaotic. customers complained about having to wait in long lines and about garment stains being overlooked. the record-keeping was messy, and key employees sometimes failed to open the doors on time in the morning or ended up closing early to the frustration of customers. to turn around her business, marchand should adopt a(n) leadership style.
Lewin recognized three styles of leadership: Autocratic, Democratic, and Laissez-faire. Over time, extra management patterns have emerged, and one that is regularly grouped in with Lewin's three is Transformational Leadership.
What is high-quality leadership?Effective management is about executing the company's imaginative and prescient (or redefining and enhancing it, in some cases) and setting the tone and the tradition for that precise organization. Leadership ability creating and planning, securing resources, and searching out for and enhancing errors
What are the three essential leadership styles?Leadership fashion is a leader's strategy to offering direction, enforcing plans, and motivating people. In 1939, psychologist Kurt Lewin and a crew of researchers determined that there were three primary leadership styles: Authoritarian (Autocratic), Participative (Democratic) and Delegative (Laissez-Faire).
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https://brainly.com/question/25927714#SPJ4an annuity is 20 payments of $200 paid semiannually. interest is 12% compounded semiannually. find the value: a. 6 months before the 1st payment. b. at the last payment. c. at the 1st payment. d. 1 year after the last payment. e. at the 12th payment. f. 2 years 6 months before the 1st payment.
The present value of the annuity is $3009.26, the future value of the annuity is $30,952.39, the present value at the time of the first payment, in this case, is $3189.81, and the future value after 1 year of the last payment is $34,778.11.
a) Calculation of the present value of the annuity
Present value = Periodic deposit[1 - (1 + rate/no.of compounding)^no.of payment * no.of compounding]/rate/no. of compounding
=$200[1 + (0.12/2)^-20 × 2]/0.12/2
=$200[1 + 0.06]^ - 40/0.06
= $3009.26
b) Calculation of the future value of the annuity
Future value = Periodic deposit[(1 + periodic rate)^no.of the period - 1/rate per period]
= $200[(1 + 0.06)^40 - 1/0.06]
= $30,952.39
c) Calculation of present value at the time of first payment
In this case, we pay will be considered an annuity due rather than an ordinary annuity. The calculation is as follows
Present value = Periodic deposit + Periodic deposit[1 + (1 + rate per period)^-(no.of period - 1)]/rate per period
= $200 + $200[1 + (1 + 0.06)^-(40 - 1)]/0.06]
= $3189.81
d) Calculation of future value after 1 year of the last payment
Future value = Value at the end of last payment(1 + rate/no.of compounding)^no.of compounding × years
= $30,952.39(1 + 0.12/2)^2 × 1
= $34,778.11
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if you want your investment or savings account to be easily turned into cash without losing its value, you should consider the .
if you want your investment or savings account to be easily turned into cash without losing its value, you should consider the liquidity.
Liquidity refers to the benefit with which an asset, or security, can be converted into ready cash with out affecting its market charge. cash is the most liquid of property, whilst tangible items are much less liquid. the two main sorts of liquidity include market liquidity and accounting liquidity.
In enterprise, economics or funding, marketplace liquidity is a market's function wherein an character or company can speedy purchase or promote an asset with out inflicting a drastic alternate in the asset's fee. Liquidity entails the exchange-off among the rate at which an asset may be offered, and the way quickly it can be offered.
Liquidity is a measure companies makes use of to look at their capacity to cowl quick-time period monetary duties. it is a degree of your commercial enterprise's capability to convert belongings—or whatever your company owns with financial value—into coins. Liquid belongings can be quickly and without difficulty changed into foreign money.
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according to the situational leadership theory, if employees are not quite competent, but are committed to doing the task, the appropriate leadership style in this situation would be .
A approach known as situational leadership theory assigns a leadership style to a certain situation depending on a variety of variables.
Situational leaders change their leadership philosophies in response to the competence and degree of commitment of their workforce. A flexible leadership approach called situational leadership aims to unlock employee potential while achieving goals or deadlines for the company.Every organization's leadership style is crucial since it influences both staff productivity and operational effectiveness. According to the situational leadership hypothesis, employees grow and hone their work skills as their leadership styles change over time. In other words, situational leaders modify their leadership approach to accommodate organizational and worker requirements. This article explains situational leadership theory and how to apply it to manage your staff.
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performance measures should be s.m.a.r.t. which is an acronym that means? performance measures should be s.m.a.r.t. which is an acronym that means? substantial, meaningful, accurate, rational, time-sensitive significant, memorable, appropriate, reasonable, time-tested suitable, marketable, applicable, remarkable, time-based specific, measurable, achievable, relevant, time-oriented
The acronym SMART means Specific, Measurable, Achievable, Relevant, and Time-oriented should be used for measuring performance.
So, the correct option is D.
The letters S.M.A.R.T. stand for specific, measurable, achievable, relevant, and time-bounded objectives. Organizations utilize it as a tool to develop executable strategies and improve the workplace's responsibility and productivity. Use the SMART framework for formulating performance objectives. To be relevant to the mission, goals, and priorities of the company, each performance objective must be time-bound, detailed, quantifiable, and achievable throughout the performance period.
To improve performance management, SMART goals—specific, measurable, realistic, relevant, and timely—are utilized in employee assessments. SMART objectives can be used in combination with assessments and performance reviews since they provide a step-by-step method for formulating and achieving goals.
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iga, or independent grocers alliance, is a group of independently owned grocery stores that band together to share resources and increase buying power. iga is an example of a
Voluntary chain is a group of independently owned grocery stores that band together to share resources and increase buying power.
What is a Voluntary chain?A collection of stores or a chain of stores that collaborate without a formal contract in order to save money on things like advertising and buying.
Department stores, grocers, limited-edition variety shops, ready-to-wear clothing retailers like the Gap, and pharmacies have had the strongest chains. A lot of banks, hotels, and movie theaters are chains as well.
When a chain is corporately owned, all of the stores or units are owned by the main company. Each unit's profits or losses belong to the corporation, which manages day-to-day operations.
Simply, a parent corporation owns each site of a chain business. With a franchise, various stores or branches are owned by various people who are solely in charge of running the business every day.
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when producers specialize and exchange goods and services, outcomes improve because of: multiple choice the profit motive. lower prices. gains from trade.
When producers specialize and exchange goods and services, outcomes improve because of Gains from Trade. Gains from trade are improvements in outcomes brought about by specialisation in production and the interchange of products and services.
When nations trade with one another, trade benefits result. The advantages of specialisation include the ability to produce more goods and services, increased productivity, production that exceeds a country's capability curve, and lastly the efficient use of resources. All persons involved in economic exchanges ultimately enjoy greater standards of living as a result of increased specialisation. Specialization, invention, and the discovery of new methods of production and goods, as well as the division of labour, are the main sources of gain from trade.
Gains from trade are the net advantages that economic agents receive by being permitted to engage in more voluntary trading with one another. They are, technically speaking, the rise in consumer surplus plus producer surplus brought on by lower tariffs or other trade liberalisation measures.
Therefore, Gains from Trade is the required answer.
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a systematic, objective process of gathering information about potential customers to guide marketing decisions is the definition of . multiple choice question.
A systematic, objective process of gathering information about potential customers to guide marketing decisions is the definition of marketing research.
Marketing research is based on gathering information by researching the need of customers and the trends in the market. It plays an important role in developing competitive strategies. Marketing research provides information about market size and the competition present in the market.
To conduct market research, data is gathered from consumers and the market from methods such as in-depth interviews, focus group discussions, surveys, questionnaires, and ethnography.
Marketing research uses various statistical analyses and qualitative analyses after gathering data from market trends and consumers. After the analysis of data, the company makes the marketing decisions.
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refer to the materials on fracking in the midterm folder. goodstein reports that environmental bonds are sometimes used to compensate future generations for present day pollution. a. explain how that works and how the method might be applied in the case of hydrofracking. b. would those using the sustainability standard consider an environmental bond an adequate policy to protect against possible damage from hydrofracking?
Environment bonds are legitimate financial products used to raise funds for initiatives aimed at preserving the environment and minimizing the effects of climate change.
In order to obtain petroleum, natural gas, etc., bedrocks deep inside the earth's crust are fractured using a method called hydrofracking. Large amounts of wastewater are produced during this process, along with greenhouse gases like methane, hazardous air pollutants, and noise. Environmental bonds can encourage the creation of improved displacement pump designs that are both quieter and more effective. Even while those who adhere to sustainability standards may not think of environmental bonds as a reliable way to lessen the harmful effects of hydrofracking, they may still support them because they can result in some changes that could be very helpful for
Using water-less hydrofracking systems, there are several technologies and techniques that can make fracking cleaner.
Use brine or recycled water in place of fresh water.
Replace any device fueled by diesel.
Describe wastewater treatment.
Lower methane leakage.
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your company needs to ship a large piece of construction equipment that costs about $500,000 to a customer across the country. shipping by rail costs $3,000 and will take eight days. your company uses 20 percent to determine the annual inventory carrying cost. what are the approximate total costs of shipping and in-transit inventory?
The approximate total costs of shipping and in-transit inventory will be $5,192.
Any items you've ordered but haven't yet received are considered to be in-transit inventory. Products are sent from a manufacturer to a physical store, a distribution center, or an e-commerce facility like a third-party logistics provider, depending on your line of business. If properly accounted for, in-transit goods may be a fantastic benefit for your business.
We would need to apply the following calculation to determine the approximate total expenses of shipping and in-transit inventory.
Total cost=shipping cost + in-transit inventory cost
in transit inventory cost=20%×$500,000×(8/365)
in transit inventory cost=$2,191.78
Therefore, Total cost=$3,000+$2,191.78
Total cost=$5,192
The total costs of shipping and in-transit inventory are of $5,192.
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which organization requires that any independence breach be unintentional before a decision of fimr independence is made?
Any breach of independence must be inadvertent, according to PCAOB organization, before a decision to maintain independence is taken.
An entity—such as a firm, institution, or association—comprising one or more people and having a specific purpose is referred to as an organization or organization (Commonwealth English; see spelling variations).
The term is derived from the Greek word organon, which can refer to an instrument, a tool, or an organ.
There are many different legal types of organizations, such as businesses, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, for-profit corporations, partnerships, cooperatives, and educational institutions, among others.
A hybrid organization is one that performs public functions while also pursuing commercial market operations. It operates in both the public and private sectors concurrently.
An organization made up of volunteers is a voluntary association. Depending on the jurisdiction, these groups can be permitted to function without complying with legal requirements.
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What is the first stage of production planning?.
The first stage of production planning is planning and forecast of your demand.
What is the first stage of production planning?Stage 1 - Planning and forecasting demand:
What will be produced, by whom, and how will all depend on the plan.It creates the production schedule for workers, tools, workstations, and materials. A production plan can be developed using pertinent information from a number of sources.Statistical information from sales, such as order volume and delivery dates guaranteed.The engineering division may also be required to provide product specifications.A streamlined approach to the production process is maintained by the planning stage.Highlight the demand for your goods.Forecasting the demand for your product is necessary before determining how many products you will need to produce over a specific time frame in the entire production planning.To learn more about production planning, refer:
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The AIDA Model Read the overview below and complete the activities that follow Buyers often pass through purchase decision processes in three steps: cognitive (learn), affective (feel), and behavioral (do). Thes stages are portrayed in various models to illustrate this hierarchy of effects in the context of customer response to marketing communications This activity is important because in developing and executing effective promotional strategies, marketing managers benefit from recognizing that customers pass through purchase decision processes in three steps. cognitive (learn), affective (feel), and behavi (do) The goal of this exercise is to demonstrate an understanding of the different stages contained within the AIDA model One popular version of such models, the AIDA model, is so named because the effects build in this order. Attention (or Awareness Interest, Desire, and Action. The attention stage correlates to the cognitive step of buyer decision making the interest and desire stages to the affective step and the action stage to the behavioral step. Where the target customers fit on the model is critically important to effective selection and execution of the promotion mix Read the statements to determine which stage of the AIDA model they correspond to Attention, Interest, Desire, or Action Drag and drop each item into the correct spot within the chart Attention Toyota Interest Banana Republic Amazon Toyota Desire Banana Republe ADOR Action Apple
The information about the AIDA model is illustrated thus:
1. Attention (cognitive step)
2. Interest (affective step)
3. Desire (affective step)
4. Action (behavioral step)
What is the AIDA model?The AIDA Model (Attention, Interest, Desire, and Action) is an advertising effect model that identifies the stages that an individual goes through when purchasing a product or service.
If target customers are largely unaware of an offering, the majority of communication investment must go toward raising awareness and gaining their attention. Depending on the circumstances, this may entail raising the customer's awareness of a completely new set of customer needs and desires, as well as revealing that your product exists to address those needs and desires.
Moving from interest to desire implies that a customer must go beyond a need and begin to truly desire that specific product. Through strong persuasive communication, promotion fuels desire.
Salespeople and customized direct and interactive marketing enter the promotion mix at this point. Messages are changed to make customers believe they can't live without the item.
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A sports team sells about 100 coupon books for $30 each. They estimate that for each $. 50 decrease in the price, they will sell about 10 more coupon books. How much should they charge for each book in order to maximize the income for their sales?.
They should charge each book purposely to maximize the income from their sales for option C. $17.50
Why is the charge be that amount?Variable costs are going to rise to $2.50 per publication because of rising paper prices. One will see that the team has been selling books for 15 dollars. Revenue 2015 acts projects that profit function will have to equal the revenues minus C. The resultant of this is that the profit is rising. To determining a profit of role, we need to look at pre existing income and post-existing income.
Pre existing income is $15
Deficit of $.50
Addition of $2.50 = $17.50
$17.50 x 100 = $1750
initial income = $30 x 90 (minus 10 out of initial 100 coupons of books) = $1350
Do the addition,
$1750 + $1350 = $3100
if it were to be $30 x 100 coupons = $3000
But the addition of new price and the initial income revenue will amount to $3100 bringing about a maximized income.
Therefore, the correct answer is as given above. In order to recover the missing funds and the remaining or available commodity adding such amount i.e. $2.50 which will recover the missing amount.
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The complete question goes thus:
A sports team sells about 100 coupon books for $30 each. They estimate that for each $. 50 decrease in the price, they will sell about 10 more coupon books. How much should they charge for each book in order to maximize the income for their sales?
A. $29.50
B. $20.00
C. $17.50
D. $15.00
