Traditional organizational designs and contemporary organizational designs have distinct characteristics, but they also share some common goals and principles. Let's explore their similarities and differences:
Traditional Organizational Designs:
Traditional organizational designs are often hierarchical and follow a top-down approach to decision-making and authority. Key features of traditional designs include:
1. Functional Structure: Traditional designs typically adopt a functional structure, where departments are organized based on specific functions such as marketing, finance, and operations. This promotes specialization and clear reporting lines within the organization.
2. Centralized Decision-making: Decision-making authority is concentrated at the top levels of the hierarchy, with limited delegation to lower levels. Decisions flow from the top down, with little input from lower-level employees.
3. Formalization: Traditional designs tend to have well-defined procedures, rules, and policies to ensure consistency and control. There is a focus on standardized processes and job descriptions.
Contemporary Organizational Designs:
Contemporary organizational designs reflect the changing dynamics of the business environment and aim to be more flexible and adaptable. Some key characteristics of contemporary designs include:
1. Matrix or Cross-functional Structure: Contemporary designs often adopt a matrix or cross-functional structure, where employees work in teams across different functions or projects. This promotes collaboration, innovation, and flexibility.
2. Decentralized Decision-making: Decision-making authority is decentralized, allowing for greater autonomy and empowerment of employees. Decision-making is often pushed down to the lowest levels possible to enable quick responses to changing conditions.
3. Flexibility and Agility: Contemporary designs emphasize agility and responsiveness to changing market conditions. There is a focus on adaptability, continuous improvement, and learning. Organizations may adopt practices such as cross-training, job rotation, and flexible work arrangements.
Similarities and Common Goals:
Both traditional and contemporary designs aim to achieve organizational goals and success. They share common goals such as efficiency, effectiveness, and profitability. Both designs seek to optimize resources, manage performance, and foster employee satisfaction. Additionally, they recognize the importance of effective communication, coordination, and goal alignment within the organization.
In summary, while traditional organizational designs are often characterized by hierarchical structures and centralized decision-making, contemporary designs emphasize flexibility, collaboration, and decentralized decision-making. Contemporary designs are better suited to the dynamic and rapidly changing business landscape, while traditional designs may still be relevant in certain contexts where stability and control are crucial. Organizations may adopt elements from both designs based on their specific needs and goals.
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Which of these is true of opening statements meant to capture a reader’s attention in short, persuasive messages?
José is ready to begin the process of launching his business, but he is feeling overwhelmed by all the steps required to get started. He decides to make a concise list of steps that he should take in this process. What should be the first step on José’s list?
A.
Choose and register a business name
B.
Create and patent a suitable logo
C.
Secure the appropriate licenses and permits
D.
Schedule any required inspection
The first step on José's list should be A. Choose and register a business name.
What is the importance of choosing and registering a business name?Choosing and registering a business name is crucial because it establishes your brand identity and distinguishes your business from others. It is the foundation of company's image and plays a significant role in attracting customers and building credibility.
By registering the name, you protect it legally and prevent others from using it. It's essential to conduct thorough research to ensure that the chosen name is unique and not already in use. Registering the business name will require compliance with the appropriate regulations.
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Question 6 of 10
A risk response plan lists your risks, including identified risk causes, description, and
Select an answer:
potential impacts
why the risk can't be avoided
your sponsor's assignee to handle risk
issue register
A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.
The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:
Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.
Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.
Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.
Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.
Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.
Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.
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Question 6 of 10
A risk response plan lists your risks, including identified risk causes, descriptions, and
Select an answer:
A. potential impacts
B. why the risk can't be avoided
C. your sponsor's assignee to handle risk
D. issue register
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Question 1: Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This blank (1)___________ is known as a blank (2) _____________.
1. a. single-use plan or b. standing plan
2. a. rule
b. regulation
c. policy
d. standard operating procedure
Question 2: Which of the following is a limitation of the planning process at Wirecard? Check all that apply.
a. Goals and plans help employees understand what behaviors are needed at work.
b. Goals and plans make employees more committed to their work.
c. Goals and plans can derail innovation and creativity.
d. Goals can make managers think they know what the future will be like, even when they don’t.
1. Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This blank standing plan is known as a blank standard operating procedure
2. Goals and plans can derail innovation and creativity and goals can make managers think they know what the future will be like, even when they don’t. Options c and d are the answers.
What are goals and plans?Goals are the intended results or targets that a person, group, or organization aspires to achieve within a predetermined timeframe. They serve as a source of motivation and offer actions a clear direction and purpose. To promote clarity and effectiveness, goals are often specific, measurable, achievable, relevant, and time bound.
Plans: Plans are the steps or approaches developed to accomplish the specified goals. They lay forth the procedures, materials, and schedules needed to accomplish the specified goals. Plans can be short-term or long-term and can cover a variety of topics, including project plans, operational plans, marketing plans, and financial plans. They offer a decision-making road map and direct people and organizations toward achieving their objectives.
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Assuming infinite replication and a cost of capital of 12 percent. determine the net present value of this project using the Equivalent Annual Annuity approach.
Year Cashflowin$
o (5000)
1 2000
2 1600
3 1400
4 1200
5 1000
a. 1066
b.1450
c.896
d.1250
e.740
The net present value of the project using the equivalent annual annuity (EAA) approach is $1,449.51 Option B. 1450.
The equivalent annual annuity (EAA) method is a method of calculating the present value (PV) of future cash flows. It is typically utilized in capital budgeting to assess and compare potential projects. A project's EAA is its annual cash flow that, if taken every year for a given number of years, has the same present value as the project's costs and benefits. The formula for equivalent annual annuity (EAA) is given by:
EAA = PV*(r/1 - (1+r)-n)
where,
PV is the present value of the investment,
r is the discount rate, and
n is the life of the investment.
In order to calculate the net present value (NPV) of the project using the EAA method, the following steps can be followed:
Step 1: Compute the present value of all cash flows:
PV = (2000/(1+.12)¹) + (1600/(1+.12)²) + (1400/(1+.12)³) + (1200/(1+.12)⁴) + (10000/(1+.12)⁵) - 5000PV = $3,596.96
Step 2: Determine the EAA:
EAA = $3,596.96*(.12/1 - (1+.12)-5)
EAA = $1,449.51
Therefore, the net present value of the project using the equivalent annual annuity (EAA) approach is $1,449.51, which is the amount of annual cash flow that the project would need to generate over its life to provide a rate of return of 12 percent and recover the initial investment cost over its lifetime. Option (b) is the correct answer.
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what behavior is unacceptable on the job
Answer:
Examples of inappropriate behaviour in the workplace include: harassment - offensive, belittling or threatening behaviour that is unsolicited, and may be repeated. bullying - repeated abusive and offensive behaviour, which in some circumstances may involve inappropriate physical behaviour. aggression and violence.
Explanation:
Unacceptable behaviour is a term used to describe a range of behaviours that are not acceptable in the workplace, including bullying, violence and aggression, harassment, and discrimination.
identify and discuss the advantages of the case study method
Answer
Case study provided insight into complex issues. They offer insights into complex social and psychological processes that cannot be easily understood through other methods.
It Promote critical thinking and problem Solving abilities. Through discussion and it's focus on answering of questions, we able to think, invent, The method can help address real-world problems and contribute to practical solutions by analyzing specific cases.
It increase deeper understanding and retention of knowledge. Case study method allow for a detailed experimentation of large cases, providing a deeper understanding of specific situations or events.
Question 7 of 10
Jayel considers who will be listening to his informative address and what they
may already know about the topic. Which part of his informative address is he
considering?
OA. Audience
OB. Purpose
OC. Introduction
OD. Connections
SUBMIT
Jayel considers who will be listening to his informative address and what they may already know about the topic. Option A. Audience part of his informative address is he considering.
Jayel considers who will be listening to his informative address and what they may already know about the topic. In other words, he is considering the audience. The audience is the people who will be listening to the speaker. The audience is essential in informative speaking since it dictates how the speaker presents the information. The speaker can’t give the same information to an expert in a particular field as they would give to an amateur.
The speaker has to know the audience’s level of understanding, their interests, and their attitudes toward the topic. Audience analysis is an essential tool for informative speaking. It helps the speaker adjust the tone, style, and content of the information.
In addition, audience analysis helps the speaker address the audience's interests and make the information relevant to them. Speakers use audience analysis to tailor their presentations to their listeners. The audience is a significant factor in informative speaking, and they should always be considered when delivering an informative speech. Therefore, the correct option is A.
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The R&R Corporation is authorized to issue 1,000,000 shares of Br. 5 par value common stock. In its first year, the company has the following stock transactions. x + 3
O Jan. 10 issued 400,000 shares of stock at Br. 8 per share.
O July issued 100,000 shares of stock for land. The land had an asking price of Br 900,000. The stock is currently selling on a national exchange at Br. 8.25 per share.
o Sept. 1 Purchased 10,000 shares of common stock for the treasury at Br, g per share.
O Dec. 1 5old 4,000 shares of the treasury stock at Br. 10 per share.
Instructions
a) Journalize the transactions.
b) Prepare the stockholders' equity section assuming the company had retained earnings of Br. 200,000 at December 31.
The transactions are recorded in the journal entry below and the stockholders' equity is also prepared below:
What constitutes the journal entry?a) Journalize the transactions:
Jan. 10:
Debit: Cash (400,000 shares × Br. 8) 3,200,000
Credit: Common Stock 2,000,000
Credit: Additional Paid-in Capital 1,200,000
July:
Debit: Land 900,000
Credit: Common Stock 825,000 (100,000 shares × Br. 8.25)
Credit: Additional Paid-in Capital 75,000
Sept. 1:
Debit: Treasury Stock 90,000 (10,000 shares × Br. 9)
Credit: Cash 90,000
Dec. 1:
Debit: Cash 40,000 (4,000 shares × Br. 10)
Credit: Treasury Stock 36,000 (4,000 shares × Br. 9)
Credit: Paid-in Capital from Treasury Stock 4,000
b) Prepare the stockholders' equity section assuming the company had retained earnings of Br. 200,000 at December 31:
Stockholders' Equity:
Common Stock (400,000 shares * Br. 5) 2,000,000
Additional Paid-in Capital 1,275,000 (Br. 1,200,000 + Br. 75,000)
Retained Earnings 200,000
Less: Treasury Stock (10,000 shares * Br. 9) (90,000)
Total Stockholders' Equity 3,385,000
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From the following information find out the amount of profit earned during the year Fixed cost = 500000 Rs. Selling price per unit = 15 Rs. Variable cost per unit = 10 Rs. Output level= 150000 units
The amount of profit earned during the year is Rs. 250,000. This is calculated by subtracting the total cost (which includes both fixed and variable costs) from the total revenue.
To find out the amount of profit earned during the year, we need to calculate the total revenue and total cost, and then subtract the total cost from the total revenue.
Given information:
Fixed cost = Rs. 500,000
Selling price per unit = Rs. 15
Variable cost per unit = Rs. 10
Output level = 150,000 units
Total revenue can be calculated by multiplying the selling price per unit by the output level:
Total revenue = Selling price per unit * Output level
Total revenue = Rs. 15 * 150,000
Total revenue = Rs. 2,250,000
Total variable cost can be calculated by multiplying the variable cost per unit by the output level:
Total variable cost = Variable cost per unit * Output level
Total variable cost = Rs. 10 * 150,000
Total variable cost = Rs. 1,500,000
Total cost can be calculated by adding the fixed cost and the total variable cost:
Total cost = Fixed cost + Total variable cost
Total cost = Rs. 500,000 + Rs. 1,500,000
Total cost = Rs. 2,000,000
Profit can be calculated by subtracting the total cost from the total revenue:
Profit = Total revenue - Total cost
Profit = Rs. 2,250,000 - Rs. 2,000,000
Profit = Rs. 250,000
Therefore, the amount of profit earned during the year is Rs. 250,000.
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3) The following are the trial balance and other information related to Soft Tech, a
consulting engineer.
Soft Tech, Consulting Engineer
Trial Balance
December 31, 2022
Debit Credit
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 1,500
Supplies 3,920
Prepaid Insurance 2,200
Equipment 50,000
Accumulated Depreciation—Equipment 12,500
Notes Payable 14,400
Share, Capital 104,020
Dividend 34,000
Service Revenue 200,000
Rent Expense 19,500
Salaries and Wages Expense 61,000
Utilities Expense 2,160
Office Expense 1,440
Br. 332,420 Br. 332,420
Other data:
1. Fees received in advance from clients Br.12,000.
2. Services performed for clients that were not recorded by December 31,
Br.9,800.
3. Bad debt expense for the year is Br.2,860.
4. Insurance expired during the year Br.960.
5. Equipment is being depreciated at 10% per year.
6. Fine Tech gave the bank a 90-day, 10% note for Br.14,400 on December 1,
2022.
7. Rent of the building is Br.1,500 per month. The rent for 2022 has been
paid, as has that for January 2023.
8. Salaries and wages earned but unpaid December 31, 2022, Br.5,020.
Instructions
a. From the trial balance and other information given, prepare annual
adjusting entries as of December 31, 2022.
b. Prepare the worksheet
c. Prepare an income statement for 2022, a statement of owner’s equity,
and a classified statement of financial position.
d. Maintain the necessary closing entry.
Answer:
ans:112
Explanation:
because it is an account
Pecan Incorporated acquired 80% of the voting stock of Shew Manufacturing for $800,000 on January 2, 2011 when Shew had outstanding common stock of $600,000 and Retained Earnings of $300.000. The book value and fair value of Shew's assets and liabilities were equal except for equipment. The entire fair value book value differential is allocated to equipment and is fully depreciated on a straight-line basis over a 5-year period. During 2011, Shew borrowed $80,000 on a short-term non-interest-bearing note from Pecan, and on December 31, 2011, Shew mailed a check for $20,000 to Pecan in partial payment of the note. Pecan deposited the check on January 4, 2012, and recorded the entry to reduce the note balance at that time. Required: Complete the consolidation working papers for the year ended December 31, 2011. You have to complete the worksheet on the following
The consolidation working papers for the year ended December 31, 2011, involve determining the fair value of net assets, preparing consolidated financial statements, and eliminating intercompany transactions to present a consolidated view of Pecan Incorporated and Shew Manufacturing.
To complete the consolidation working papers for the year ended December 31, 2011, we need to follow the steps outlined below:
Step 1: Determine the fair value of Shew Manufacturing's net assets at the acquisition date (January 2, 2011). Since the book value and fair value of assets and liabilities were equal except for equipment, we allocate the entire fair value-book value differential to equipment. The differential is fully depreciated on a straight-line basis over a 5-year period.
Step 2: Calculate the non-controlling interest (20% of Shew Manufacturing's equity) as of the acquisition date.
Step 3: Prepare the consolidated balance sheet by adding the assets, liabilities, and equity of Pecan Incorporated and Shew Manufacturing, including the non-controlling interest. Eliminate the investment account and record the non-controlling interest separately.
Step 4: Prepare the consolidated income statement by combining the revenues and expenses of Pecan Incorporated and Shew Manufacturing. Eliminate any intercompany sales or expenses.
Step 5: Adjust the consolidated retained earnings for any dividends declared by Pecan Incorporated or Shew Manufacturing during the year. Eliminate any intercompany dividends.
Step 6: Prepare the consolidated statement of cash flows by combining the cash flows from operating, investing, and financing activities of Pecan Incorporated and Shew Manufacturing. Eliminate any intercompany cash flows.
Step 7: Complete the consolidation working papers by preparing the necessary schedules and supporting calculations, such as the depreciation schedule for the equipment differential and the elimination entries for intercompany transactions.
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Which of the following is a critical success factor within the Fitzgerald and moon building block model?
Ownership
Motivation
Rewards
Innovation
In Fitzgerald and Moon's building block model, Option A. Ownership is a critical success factor.
It is one of the five building blocks that make up their model of organizational performance. Ownership can refer to an individual's sense of responsibility, accountability, and investment in the success of an organization or project. There are several reasons why ownership is a critical success factor in the Fitzgerald and Moon building block model. First, ownership promotes a sense of accountability among employees.
When employees feel a sense of ownership over their work and the organization, they are more likely to take responsibility for their actions and be accountable for their outcomes. This can lead to greater productivity, higher quality work, and more efficient use of resources. Second, ownership encourages employees to be more invested in the success of the organization. When employees feel that they have a stake in the success of the organization, they are more likely to go above and beyond what is expected of them to ensure that the organization succeeds.
This can lead to greater innovation, better customer service, and more effective problem-solving. Finally, ownership can foster a sense of pride among employees. When employees feel that they are part of something bigger than themselves, they are more likely to take pride in their work and feel a sense of satisfaction in what they do. This can lead to greater job satisfaction, reduced turnover, and a more positive work environment. Therefore, the correct option is A.
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Which of the following is a critical success factor within the Fitzgerald and Moon building block model?
A. Ownership
B. Motivation
C. Rewards
D. Innovation
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List types of information system
might customer's feel frustrated when asking for a price check? why or why not
Customers might feel frustrated when asking for a price check due to several reasons. Customers go to the stores to buy products they need, but sometimes, they may not have an idea about the price of a particular item or product, so they may feel hesitant to ask the staff or salesperson.
It is common for many people to hesitate when they have to ask about something, as they might feel that their request could inconvenience the person or may be viewed as foolish. However, in most cases, customers are generally comfortable with asking for a price check. In fact, a lot of stores and supermarkets have integrated price check machines, which allow customers to check the price of the products themselves.
In the event of a discrepancy, the customer can then take the product to the sales desk and inquire about the correct price. This helps in reducing the waiting time and makes the overall experience of shopping faster and more convenient. On the other hand, some customers may get frustrated when they have to ask for a price check, especially if they find the whole process of finding a staff member or salesperson daunting or inconvenient.
This situation might happen when there is a long line or if the staff is busy attending to other customers, causing the customer to wait longer than usual. This can make the customer feel impatient, and the overall shopping experience may become unpleasant.
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Jim just graduated from high school and has decided to work for a year before going to college. He will need a car to get to and from his job at the mall. He has $2,000 saved that he could spend on a car, or he can drive his parent’s extra car—an old clunker that has seen better days. What advice would you give Jim?
1) A company has a current ratio of 2.0 and current assets of $550,000. What is its current liabilities balance?
A) 2.0
B) $275,000
C) $550,000
D) $1,100,000
The current liabilities balance for the company is $275,000. This means that the company has $275,000 in short-term obligations that are due within one year. Option B.
The current ratio is calculated by dividing current assets by current liabilities. In this case, the current ratio is given as 2.0, and the current assets are $550,000. Let's assume the current liabilities balance is represented by "X."
The formula for the current ratio is:
Current Ratio = Current Assets / Current Liabilities
Substituting the given values, we have:
2.0 = $550,000 / X
To solve for X (current liabilities), we can rearrange the equation as:
X = $550,000 / 2.0
Performing the calculation, we find:
X = $275,000 Option B is correct.
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It can't be the trustee gets the care they need as they are just holding the assets.
Why would someone set up a trust for a loved one who is unable care for themselves?
A. It protects the trustee from having to pay taxes.
B. It sets aside funds to ensure the trustee gets the care they need.
C. It creates a steady income for the trustee.
D. It protects assets from people who are owed money.
Setting up a trust for a loved one who is unable to care for themselves is primarily done to allocate funds specifically for their care, protect their assets, ensure long-term support, and preserve eligibility for government benefits. Option B.
Setting up a trust for a loved one who is unable to care for themselves serves the purpose of providing for their long-term care and well-being. Here's a further explanation of why someone would choose to establish a trust for this purpose:
Providing for Care: One of the primary reasons for setting up a trust is to ensure that the trustee, who may have special needs or disabilities, receives the necessary care and support.
By establishing a trust, funds can be allocated specifically to cover medical expenses, therapy, housing, and other essential needs, even when the grantor is no longer able to provide direct assistance.
Protecting Assets: Creating a trust can also serve as a means to protect assets from being depleted or misused.
The trustee may lack the capacity to manage financial matters independently, and a trust can be structured to appoint a responsible trustee or trustee team who will oversee the management and distribution of assets in the best interest of the beneficiary.
Ensuring Long-Term Support: Trusts can be designed to provide a steady stream of income for the trustee. This ensures that they have a reliable source of financial support, enabling them to maintain a certain standard of living and access necessary services and resources.
Government Benefits Preservation: Structuring the trust properly can help preserve eligibility for government benefits that the trustee may be entitled to, such as Medicaid or Supplemental Security Income (SSI).
By using a trust, the assets can be held separately from the trustee's personal assets, thus preventing disqualification from means-tested programs. Option B is correct.
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Classify each item as being MOST associated with Command, Market, or Traditional economies.
Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.
Command Market Traditional
Based on Historical NormsUnited StatesCentral Planning Takes PlaceGovernment Plans the EconomyProducers and Consumers RuleSupply and DemandNot Completely Found in Modern CountriesSoviet Union
Based on historical norms, the required classifications are:
United States - MarketCentral Planning Takes Place - CommandGovernment Plans the Economy - CommandProducers and Consumers Rule - MarketSupply and Demand - MarketNot Completely Found in Modern Countries - TraditionalSoviet Union - CommandWhat are Historic Norms?Historic norms are the normal or conventional ways that economic systems have functioned throughout history. They represent the dominant economic organization patterns or models that have been noticed and analyzed over time.
These norms are founded on past experiences and can assist in understanding how economies have operated in various circumstances and communities. We can determine the major qualities and attributes associated with distinct economic systems, such as command, market, or traditional economies, by reviewing historical norms.
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Name two pieces of information a bank would look at before grading a loan
The terms Entrepreneur and Manager is used interchangeable and describes a person that which is a correct answer
a) Manages a small business
b) That starts up a small business
c) That starts up and manages a small business
d) All above statements are incorrect
The correct answer is d) All above statements are incorrect.
While an entrepreneur and a manager share some similarities in their roles within a business, they are not interchangeable terms. Each term represents a distinct role and set of responsibilities.
An entrepreneur is an individual who identifies opportunities, takes risks, and initiates the process of starting a new business venture. They are typically involved in the creation and development of the business idea, gathering resources, and making strategic decisions to bring the business concept to fruition.
On the other hand, a manager is responsible for overseeing and directing the day-to-day operations of a business. They focus on organizing resources, implementing plans, coordinating activities, and managing employees to achieve the organization's goals. Managers are typically appointed or hired to handle specific functions within an existing business.
Therefore, while an entrepreneur may start a small business, and a manager may be responsible for managing a small business, the terms "entrepreneur" and "manager" represent different roles and responsibilities within the business context.
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Which behaviors should be avoided because they are wrong or illegal?
getting permission from the creator of a work you found online
doing your online work efficiently
changing other people’s files without permission
copying your own work
Which behaviors should be avoided because they are wrong or illegal?
getting permission from the creator of a work you found online
doing your online work efficiently
changing other people’s files without
Which behaviors should be avoided because they are wrong or illegal?
getting permission from the creator of a work you found online
doing your online work efficiently
changing other people’s files without
Which behaviors should be avoided because they are wrong or illegal?
getting permission from the creator of a work you found online
doing your online work efficiently
changing other people’s files without
Which behaviors should be avoided because they are wrong or illegal?
getting permission from the creator of a work you found online
doing your online work efficiently
changing other people’s files without
Answer:
changing other people’s files without permission
Explanation:
edge2023
Which three phrases describe the purpose of financial institutions
Answer:
deposit, lending, and investment products to
Explanation:
what is the scope and importance of bussiness economics
Answer:
The combined objective and requirement need to complete a project is called scope.
The importance of business economics are÷
it helps to establishing relatiom ship between differnet economics factor such as profit, loss and market structure.
What possible repercussions might result from an impulse buy
Impulse buys can lead to financial strain, regret, clutter, and strained relationships.
What are the repercussions that result from an impulse buy?Possible repercussions from an impulse buy include financial strain, accumulating debt, buyer's remorse, and dissatisfaction with the purchased item.
Impulse buying can disrupt budget plans and hinder long-term financial goals. It may also lead to clutter and unused items, wasting both money and resources. Additionally, impulsive purchases can strain relationships if they are made without considering shared financial responsibilities or without proper communication with a partner or family member.
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Which of the following is not a core financial statement?
The Income Statement
Statement of Cash Flows
The Trial Balance
The Balance Sheet
The trial balance is an internal document used for accounting purposes and is not considered a core financial statement. Option C.
The trial balance is not considered a core financial statement. It is an internal document used in accounting to ensure the accuracy of financial records and the equality of debits and credits. While it plays a crucial role in the accounting process, it is not intended for external reporting or as a standalone financial statement.
On the other hand, the three core financial statements are the Income Statement, the Statement of Cash Flows, and the Balance Sheet. Let's briefly explain each of these statements:
Income Statement: Also known as the Profit and Loss Statement, the Income Statement summarizes the revenues, expenses, gains, and losses of a company over a specific period. It provides information about a company's financial performance, showing its net income or net loss during the period.
Statement of Cash Flows: The Statement of Cash Flows reports the cash inflows and outflows of a company during a specific period, categorized into operating activities, investing activities, and financing activities. It provides insights into how cash is generated and used, helping assess a company's liquidity and cash flow management.
Balance Sheet: The Balance Sheet presents a snapshot of a company's financial position at a specific point in time. It shows the company's assets, liabilities, and shareholders' equity, providing information about its financial stability, solvency, and the value of its resources.
These three core financial statements are essential for understanding a company's financial health, performance, and cash flow dynamics. They are commonly included in financial reports and are crucial for decision-making by investors, creditors, and other stakeholders. Option C is correct.
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Oakdale Fashions, Inc.’s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)
a) The firm's 2021 tax liability was $35,595.
b) The firm's 2021 net income was $133,905.
c) The firm's 2021 average tax rate was 21%.
d) The firm's 2021 marginal tax rate was 21%, same as the average tax rate because companies are subject to a flat federal tax rate of 21%.
What is the tax liability?The tax liability of a firm is the product of the average tax rate and the earnings before tax.
The net income is the difference between the earnings before tax and the tax liability.
Oakdale Fashions, Inc., Income Statement for 2021
Net sales (all credit) $640,000
Less: Cost of goods sold 245,000
Gross profits $395,000
Less: Other operating expenses 120,000
EBITDA $275,000
Less: Depreciation and amortization 18,000
EBIT $257,000
Less: Interest 87,500
EBT $169,500
Less: Taxes $35,595 ($169,500 x 21%)
Net income $133,905 ($169,500 - $35,595)
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Explain the meaning of the insight “fusion of the digital, biological, and physical worlds” according to
your knowledge of digital transformation in business today
The fusion of the digital, biological, and physical worlds in the context of digital transformation refers to the integration of technology, biology, and the physical environment to drive innovation, optimize processes, and enhance human experiences in business today.
The insight "fusion of the digital, biological, and physical worlds" refers to the convergence and integration of technology, biology, and the physical environment in the context of digital transformation in business. It represents the blending of these three domains to create new opportunities, experiences, and solutions.
In the digital transformation era, advancements in technologies like artificial intelligence, Internet of Things (IoT), robotics, and biotechnology are revolutionizing industries and redefining the way we interact with the world.
The fusion of the digital, biological, and physical worlds entails leveraging these technologies to enhance business operations, improve customer experiences, and drive innovation.
Digital transformation enables the integration of digital technologies into physical environments, such as smart cities, smart factories, and connected homes. These environments are infused with sensors, devices, and data analytics capabilities, allowing for real-time monitoring, automation, and optimization of processes.
For example, IoT devices can collect and analyze data from physical assets, enabling predictive maintenance and optimizing resource allocation.
Furthermore, the fusion of the biological and digital worlds involves leveraging advancements in biotechnology, genomics, and healthcare to enhance human well-being and performance. This includes applications like personalized medicine, bioinformatics, and wearable health devices that monitor and analyze biological data.
Overall, the fusion of the digital, biological, and physical worlds represents a paradigm shift in how businesses operate, innovate, and deliver value. It opens up new possibilities for interconnectedness, data-driven decision-making, automation, and the creation of transformative experiences for customers and stakeholders.
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A buyer and a seller are disputing a contract for sale and purchase. They agree to submit the matter to a third party who will make a binding determination regarding the matter. This type of settlement is called
Answer:In arbitration, parties agree to submit existing or future disputes to a neutral third party, the arbitrator, or a panel of arbitrators who decide how the dispute will be resolved. In binding arbitration, the decision of the arbitrator(s) is final and binding.
Explanation:
Can you make your own up for me please
The expenses table is attached accordingly. Here is how the money was spent
Flexible expenses - $103.00Fixed expenses - $50.00What were the lessons learned from the expense analysis?The lessons I learned are as follows -
I need to be more mindful of my spending on flexible expenses, such as food and entertainment.I can save money by cooking more meals at home and avoiding eating out.I should also try to find cheaper alternatives for entertainment, such as going for walks or watching movies at home.Learn more about expenses at:
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