Direct materials are not included in conversion costs.
Which cost or costs is correct?Costs refers to all the components that make up a group, whereas "cost" refers to the group as a whole. "The cost of a services comprises expenses and labor charges," for instance. The distinction between "cost" and "charges" frequently confounds individuals in conversations about budgets and legal contracts.
What else do you call the costs of sales?Both COGS and cost of sales (also called as cost of production) keep track of the costs associated with producing a product or service. Direct labor, direct resources like raw materials, and overhead directly related to a production plant or manufacturing plant are all included in these expenses.
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When a stock dividend is declared, which of the following accounts is credited?
A) Common Stock
B) Dividend Payable
C) Stock Dividends Distributable
D) Retained Earnings
When a stock dividend is declared, the account credited is C) Stock Dividends Distributable.
What is a stock dividend?A stock dividend is a dividend in the form of shares instead of cash.
The declaration of a stock dividend ultimately increases the Common Stock and reduces the Retained Earnings. This journal entry is not carried out immediately.
Instead, the Stock Dividend account is debited upon declaration while the Stock Dividends Distributable is credited.
When the stock is distributed, then the Stock Dividends Distributable is debited to close it off by crediting the Common Stock account. The Retained Earnings are debited to close the Stock Dividend account.
Thus, upon declaring a stock dividend, the account credited is Option C.
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What is the difference between an "increase in demand" and an "increase in quantity demanded"?
A) There is no difference between the two terms; they both refer to a shift of the demand curve.
B) An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve.
C) There is no difference between the two terms; they both refer to a movement downward along a given demand curve.
D) An "increase in demand" is represented by a movement along a given demand curve, while an "increase in quantity demanded" is represented by a rightward shift of the demand curve
A shift to the right of the demand curve signifies a "increase in demand," whereas movement along a particular demand curve signifies a "increase in quantity demanded." The correct response is option (B).
What is increase in demand?A rise in demand will cause a rise in the equilibrium price and an increase in supply, all other things being equal. Reduced demand will result in a decrease in the equilibrium price and an increase in supply.
An rise in the quantity needed results from a decrease in the cost of the good (and vice versa). A demand curve depicts the amount desired and any market price. A change in quantity demanded is represented as a shift along a demand curve.
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how to figure out if a comapny is a monopoly an oligopoly monopolistically competitve or perfectly competitive
In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services whereas a perfectly competitive market is made up of numerous firms.
Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance.
Buyers are aware of the nature of the goods being offered and the prices each firm charges, and the industry is characterized by freedom of entry and departure. In a completely competitive market, all firms sell the same product and are price takers.
The market is dominated by a small number of large suppliers in an oligopoly. Other less significant suppliers with a minor fraction of the oligopoly market share are possible. Oligopoly may stock, produce, or differentiate identical or similar goods.
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Countries or individuals will keep trading computers for phones until
a) the additional benefit from the last traded phone will equal the additional benefit from the last computer
b) each country acquires as many computers and phones as they can
c) the value of each additional phone and computer is equal for both countries or individuals
The gap between a device's social worth and its consumers purchasing price is known as consumer surplus, which measures consumer welfare.
Which trading is most suitable for newcomers?Swing trading, which entails keeping an investment for further than a day but less than a few months, is a good place for beginners to start. Compared to day trading, it takes less time and is less stressful. Stocks and cryptocurrencies are excellent for beginners.
Is it easy to learn how to trade?Anyone can comprehend how to buy stock, and they do not need a finance degree to do it. There are several ways for you to discover the basics of the share market. If you make an honest and sustained effort, you can understand the financial markets.
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a business that provides custom toys and play furniture for individual consumers. jennifer does not make any products until she receives an order from the customer. what type of marketing strategy does this represent? group of answer choices pull strategy supply strategy supply strategy demand strategy forecast strategy
Pull strategy is the type of marketing strategy that does not make any products until received an order from the customer. (Option A)
What is meant by pull strategy?Increase the number of consumers who desire to purchase a specific product is the main goal of the pull marketing strategy. For a product to be stocked by stores, it frequently involves persuading a buyer to actively seek it out. Direct marketing campaigns are one way that pull marketing brands connect with their target audience.
To increase consumer demand for a good or service, a pull promotional strategy involves advertising. An illustration of a pull tactic is the promotion of kids' toys on kids' television programs.
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A monopolistically competitive firm's choice of output level is virtually identical to the choice made by
The production level that a firm with monopolistically competitive behavior chooses is almost comparable to that of a monopolist. A monopolistically competitive corporation... choose its quantity & pricing, exactly as a monopoly does, to maximize its profit.
Monopolistic competition is a sort of imperfect competition when numerous manufacturers compete with one another yet sell various items that are not exact substitutes for one another. In monopolistic competition, a corporation accepts the prices set by its competitors as given and pays no attention to how its own prices affect those of its rivals. Monopolistic competition will turn into a government-granted monopoly if this occurs in the face of a coercive government. In contrast to ideal competition, the business keeps extra capacity. Industry models frequently adopt monopolistic competition models. Restaurants, cereals, apparel, shoes, and service sectors in big cities are a few examples of industries with market systems resembling monopolistic rivalry from textbooks.
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when the american arbitration association receives an application for appointment of an arbitrator, it:
When the American Arbitration Association receives an application for the appointment of an arbitrator, it appoints a tribunal administrator who then informs the parties of the procedures and rules of arbitration.
Arbitration is a manner wherein a dispute is submitted, via settlement of the parties, to at least one or extra arbitrators who make a binding selection on the dispute. In choosing arbitration, the parties opt for a personal dispute resolution method in place of going to court.
Arbitration is frequently used for the decision of industrial disputes, especially in the context of worldwide industrial transactions. In sure countries consisting of the USA, arbitration is also frequently employed in customer and employment subjects, where arbitration may be mandated with the aid of the phrases of employment or industrial contracts and can consist of a waiver of the right to bring a class motion declaration. obligatory patron and employment arbitration have to be distinguished from consensual arbitration, mainly industrial arbitration.
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a. what is the monopolist's profit-maximizing level of output?
A monopolistic market has no competition, which means the monopolist controls the charge and extent demanded. The level of output that maximizes a monopoly's earnings is when the marginal price equals the marginal revenue.
How do you calculate profit-maximizing degree of output?A supervisor maximizes earnings when the price of the ultimate unit of product (marginal revenue) equals the value of producing the closing unit of production (marginal cost). Maximum income is the level of output where MC equals MR.
A monopolist maximizes its profits via producing to the factor at which marginal revenue equals marginal cost.
The monopolist identifies the income maximizing extent of output where the marginal revenue equals the marginal cost. The fee at which this volume can be absorbed in the market is determined from the market demand curve which is established on the elasticity of demand.
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https://brainly.com/question/28204735#SPJ4The poverty rate is always a ratio of required income and the cost of purchasing the goods necessary to survive. What this means is the exact dollar amount of the poverty rate will differ greatly country to country. Review the two selections beloki, and choose the one which defines how the poverty rate is set for low income countries The total amount of GDP in a country is divided by the total number of people in the country. The number which re from this is the poverty rate for a given country. Example. The World Bank sets two poverty lines for low-income countries around the world.One poverty line is set at an income of $1.25/day per person. The other is at $2/day. By comparison,the U.S. 2015 poverty line of $20.090 annually for a family of three works out to $18.35 per person per day
The World Bank sets two poverty lines for low-income countries around the world to measure the amount of poverty in a given country.
The first poverty line is set at an income of $1.25/day per person and the second is set at $2/day. This is calculated by taking the total GDP of a country and then dividing it by the total number of people in the country. This creates a poverty rate in the country.
For example, the U.S. 2015 poverty line of $20.090 annually for a family of three works out to $18.35 per person per day. This means that any person in the U.S. with an income of less than $18.35 per day is considered to be living in poverty.
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the additional output a firm gets from hiring an additional unit of labor is the select one: a. value of the marginal product of labor. b. total product of labor. c. marginal product of labor. d. average product of labor.
Marginal product of labour is defined as output generated by adding 1 extra additional unit of labour. It is expressed as the ratio of change in total product to the change in total labour. Average product of labor is defined as the ratio of total product of labour to the number of labors.
So option C is the correct.
What is Marginal product of labour?The change in output brought on by adding a new unit of labor is known as the marginal product of labor (MPL).It is a feature of the production function and is dependent on the current levels of physical capital and labor. The marginal product of a production factor is typically defined as the change in output produced by a unit or infinitesimal change in the quantity of that factor, while maintaining all other input consumption in the production process constant.
Costs of production are directly correlated with the marginal product of labor. Fixed and variable costs are separated in costs. The marginal product of labor is defined as the change in output (Y) per unit change in labor (L).
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it is difficult for accountants to have a role beyond auditing the financial statements of governments and not-for-profits. true false
False. It is not difficult for accountants to have a role beyond auditing the financial statements of governments and not-for-profits.
What is accounting?
Accounting is the process of documenting a business's financial transactions. These transactions are collected, examined, and reported to oversight organisations, regulatory bodies, and tax collection organisations as part of the accounting process. A company's operations, financial condition, and cash flows are summarised in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period.
Accounting is a crucial task for decision-making, budgeting, and measuring economic success in any size of firm.
Cost accounting and managerial accounting are two crucial categories of accounting for firms. Cost accounting assists business owners in determining how much a product should cost, whereas managerial accounting assists management teams in making business decisions.
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when a customer is dissatisfied with their repair experience, their most common legal recourse is through:
When a customer is dissatisfied with their repair experience, their most common legal recourse is through : Small claims court
What happens in small claims court?
At the hearing, the judge will ask you some questions. You are in an ordinary room, seated separately from the defendant. Judges do not wear wigs or robes. Small claims hearings are public so they can be viewed by participants, but usually only those involved in the case are present.
What Issues Can Be Taken to Small Claims Court?If someone owes you money and refuses to pay you at the agreed upon time, you can take the matter to small claims court. If someone buys an item from you, such as furniture, and you don't pay for it, you can take the matter to small claims court.
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one year ago, you purchased 100 shares of acreage stock at a price of $28.68 per share. the company pays quarterly dividends of $1.50 per share. today, you sold all your shares for $29.42 per share. what is your total percentage return on this investment?
The total dollar return on this investment is $674.
Total dollar return on this investment = (Annual dividend + (ending price - beginning price)) × Number of shares
= (($1.50 ×4) + ($29.42 - $28.68)) × 100
= ($6.00 + $0.74) × 100
= $6.74 × 100
= $674
∴Total dollar return on this investment = $674
Economists imply the manufacturing of products in order to be used to provide other items. This definition differs from popular utilization, wherein choices to buy stocks (see stock market) or bonds are concepts as investments. funding is normally the result of forgoing consumption. Investments are generally bucketed into 3 primary categories: stocks, bonds, and cash equivalents. there are many one-of-a-kind kinds of investments within each bucket. right here are six kinds of investments you would possibly keep in mind for a long-term boom, and what you should realize about each.
investment is an asset this is received with the anticipation of producing an income or profit or fee appreciation. The gain derived from the investment is referred to as a return. threat and returns are without delay proportional (i.e.) the higher the risk, the better the returns.
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in comparing the current rate and temporal methods of translation, which of the following is true? a. the reported balance of accounts receivable is normally the same under both methods. b. the reported balance of inventory is normally the same under both methods. lo 10-2 lo 10-3, 10-4 final pdf to printer 518 chapter 10 hoy47821 ch10 479-538.indd 518 08/03/19 02:40 pm c. the reported balance of equipment is normally the same under both methods. d. the reported balance of depreciation expense is normally the same under both methods
This is the TRUE Statement. The reported balance of accounts receivable is normally the same under both methods.
Correct option is (A).
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by using a enterprise for goods supplied or offerings rendered that customers have ordered however no longer paid for.
Accounts receivable (AR) are the balance of cash because of a company for items or offerings introduced or used however now not yet paid for with the aid of customers. money owed receivable are listed at the stability sheet as a contemporary asset. Any amount of money owed by means of customers for purchases made on credit is AR.
Accounts Receivable (AR) is the proceeds or fee which the company will acquire from its customers who've bought its goods & services on credit. commonly the credit score length is short starting from few days to months or in a few cases maybe a yr.
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: Attempts:*> Do No Harm: 11 4. Human resources in less-developed countries Which of the following are human resource challenges faced by the typical less-developed country (LDC)? Check all that applyO High life expectancyO Brain drainO High per capita energy consumption O Capital flight
Correct options are a, b, c. human resource challenges faced by the typical less-developed country (LDC) are High life expectancy, Brain drain and High per capita energy consumption.
What Exactly Are Least-Developed (LDC) Nations?Less developed nations (LDCs), which can also be referred to as undeveloped nations, have substantial structural difficulties with sustainable development. There are now 46 nations on the UN's list of LDCs.
Low-income nations classified as least developed have considerable structural barriers to sustainable development.
Measures were developed by the UN Committee on Development Policy to assist LDCs in receiving and utilizing international assistance.
The United Nations' list of LDCs included 46 nations as of October 2021.
The least developed nations have less human capital than other countries, making them particularly susceptible to economic and environmental shocks. Least developed nations are sometimes referred to as "emerging markets." LDCs have access to particular international support mechanisms for trade and development assistance that are not available to other countries.
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if the price of an option to buy stock were to sell for less than its strike price, an opportunity for arbitrage exists. if the price of an option to buy stock were to sell for less than its strike price, an opportunity for arbitrage exists. false true
It is false to claim that there would be a chance for arbitrage if the price of an option to purchase stock were to sell for less than its strike price.
Define arbitrage.Arbitrage is the practice of buying and selling an asset at the same time across many marketplaces in an effort to profit from small changes in the asset's quoted price. It benefits from transitory fluctuations in the price of equivalent or comparable financial goods offered on other markets or in different formats.
Options are a specific kind of derivative financial transaction where two parties contractually agree to exchange an asset for cash at a certain price in advance of a future date. The owner of an option has the opportunity to buy or sell a security at the exercise price, but they are not obligated to.
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what practice best describes when divisional managers throughout an organization work together to achieve the organization's goals?
Goal congruence best describes when divisional managers throughout an organization work together to achieve the organization's goals.
Goal congruence occurs when individuals across various organisational levels have the same objective. An organisation may cooperate to carry out a strategy when its goals are aligned thanks to a thoughtful organisational design. The alignment of objectives is what goal congruence is about, yet absolute alignment is typically not feasible.
Alignment is easier and has a higher likelihood of success when all parties involved are aware of their goals. To assess whether a potential employee is a suitable fit for your company, it is critical to understand what each one of them hopes to accomplish.
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a(n) _____ determines the impact that a specific technology or approach can have on the organization’s information assets and what it may cost.
CBA determines impact that specific technology or approach can have on organization’s information assets and what it may cost.
What is an asset?Any resource that a business or other economic entity owns or controls is referred to as an asset. Anything that can be used to create wealth, whether it be material or intangible, qualifies. Assets are things that have ownership value and may be traded for money. Tangible and intangible assets are the two basic types of assets. Tangible assets can be divided into several different categories, including current assets and fixed assets. Examples of current assets include cash, inventory, and accounts receivable. Among fixed assets include land, structures, and equipment. Intangible assets are rights and non-physical resources that are valuable to a business because they give it a competitive edge in the marketplace. Goodwill, copyrights, trademarks, patents, computer programs, and financial assets like stocks, bonds, and investments are a few examples of intangible assets.
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according to the von thunen model, market-oriented gardens and milk producers were located in the first ring because? (3 reasons)
According to the von Thune model, market-oriented gardens and milk producers were located in the first ring because of the Quality of the soil.
Soil, additionally generally called earth or dust, is a combination of natural remember, minerals, gases, beverages, and organisms that collectively aid lifestyles. some scientific definitions distinguish dust from the soil by restricting the previous time period, especially to displaced soil.
Soil includes a solid section of minerals and natural counted (the soil matrix), as well as a porous section that holds gases (the soil ecosystem) and water (the soil solution). accordingly, the soil is a three-country system of solids, liquids, and gases.
Soil is fabricated from several elements: the impact of climate, comfort (elevation, orientation, and slope of terrain), organisms, and the soil's figure substances (unique minerals) interacting over the years. It continually undergoes improvement by using manner of severe bodily, chemical and biological methods, which encompass weathering with associated erosion. Given its complexity and robust internal connectedness, soil ecologists regard soil as an atmosphere.
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scarcity: a. exists everywhere because human wants can never be satisfied. b. is a condition measured by the quantity of goods available. c. is a problem only in industrialized economies. d. is a problem only in poor economies.
The correct option is A. Scarcity exists everywhere because human wants can never be satisfied.
What is scarcity?Scarcity in economics describes limited resources, or the cognition of limited resources when it is insufficient to fulfill human needs and wants. It can also mention to how companies decide what and how to produce using finite resources and how they complete a retail price for the item based on purchase demand.
The correct option is A. Scarcity exists everywhere because human wants can never be satisfied.
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Alexa's First Job
Alexa has just earned her undergraduate degree in accounting and has successfully completed the CPA exam. She recently interviewed with a relatively small and new company and was offered a job. The offer sounded very promising; the job had opportunities to grow with the company and provided diverse challenges. Alexa accepted the job.
Once Alexa started working, she realized that the owners and employees did not have a general understanding of accounting. She had to teach them the steps in an accounting cycle so they would be able to understand how she was going to create reports. When she talked about the statement of financial position, they had no idea what she was talking about. She was the qualified individual responsible for accounting. No one else working with her had much knowledge. They did not even know the different financial ratios that someone could use to understand the financial standing of a company. Alexa knows it will be a challenge to keep everyone on the same page when it comes to numbers and reports.
Refer to Alexa's First Job. To help the owners understand how effectively the firm is transforming sales into profits, Alexa should address which of the following ratios?
a. Earnings per share
b. Inventory turnover
c. Return on sales
d. Return of owners' equity
e. Acid-test ratio
C) Return on sales Alexa should talk about the return on sales ratio to find out how well the company is turning sales into profits.
In terms of converting investments into profits, this ratio is extremely helpful in discovering the business's efficiency.
Return on sales is the difference between net profit and sales revenue, where net profit is the difference between sales revenue and operating expenses;
= (Sales Revenue - Operating Expenses) / Sales Revenue = Return on Sales.
Consider the following illustration:
Revenue from Sales: Operating expenses of $200,000: Return on Sales = (Sales Revenue - Operating Expenses) / Sales Revenue $1,00,000 / $2,00,000 = 0.5, or a 50% return on sales. Net Profit = $100,000 = $200,000 - $1,00,000 They are making 50 cents in profit for every dollar spent on expenses.
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according to maitland, if labor in developing countries is made more expensive, then what is also likely?
If labour in developing countries is made more expensive, then businesses are likely to shift production to countries with lower labour costs, seek out automation, or pass the increased costs onto consumers in the form of higher prices.
What is labour?
In economics, the term "labour" refers to the collective group of wage earners. For instance, one speaks of "organised labour" in this sense. However, in a more specific and technical sense, "labour" refers to any valuable service provided by a human in the creation of wealth that is not the accumulation and provision of capital or the assumption of the risks that are typically associated with business endeavours. It covers a wide range of services, including those provided by manual labourers. It is not the same as labour or effort, and it only loosely relates to "work done" in the physiological or physical senses.
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what is the nav of a mutual fund? the direction the fund manager is navigating this fund to earn returns a measure of total fees on the fund the historical returns of a mutual fund to determine if it is worth buying the total value of the assets owned by a fund, divided by number of shares
The direction the fund manager is navigating this fund to earn returns a measure of total fees on the fund the historical returns of a mutual fund to determine if it is worth buying the total value of the assets owned by a fund.
A mutual fund is a professionally managed mutual fund that pools money from many investors to purchase securities. The term is typically used in the US, Canada and India, but similar structures around the world include his SICAV in Europe and open-ended investment firms in the UK.
Disadvantages include high expense ratios and sales charges, administrative abuse, tax inefficiency, and poor trade execution.
Examples of high-risk mutual funds include small- and mid-cap equity funds and funds that invest in high-yield bonds with poor credit ratings.
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A consulting manager at SAP America has a very wide span of control. This is probably because the
a. consulting manager has a low level of accountability.
b. the firm has a very loose, informal organizational structure.
c. manager's subordinates aren't given much responsibility.
d. manager and his or her subordinates are very competent.
e. consulting manager is expected to delegate authority.
A consulting manager at SAP America has a very wide span of control. This is probably because the manager and his or her subordinates are very competent. Hence option (d) is the answer.
What does a consulting manager do?Consulting managers supervise the assistance and services offered to clients while working with a group of consultants, account managers, and other staff members. They act as the main director and establish policies, procedures, and strategies. Consulting managers supervise the assistance and services offered to clients while working with a group of consultants, account managers, and other staff members.
They act as the main director and establish policies, procedures, and strategies. In order to guarantee client pleasure, they establish expectations and make sure all consultants are upholding standards. They examine the workings of the business and create plans to boost productivity, raise money, or accomplish other top priorities.
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Health disparities include differences in all of the following except:
a. Life expectancy.
b. Health care utilization.
c. Incidence of diseases.
d. Health of elderly as compared to the young.
Disparities in health include variations in each of the following, with the exception of the health of the old relative to the young.
What is the example of utilization?When you employ anything, then use it, whether it's a tool—like when you write something down with a pen—or a talent or skill—like the speed you use it when you run a race. Utilization is indeed the action of using something, such as using your voice as sing a song.
What is meant by utilization in business?The proportion of the an owner's available time that is spent on productive, billable work is known as utilization. Utilization rates for employees are a crucial indicator that firms should monitor.
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true or false: in the future, locally-grown maple syrup will likely become more available in the midwest
It is completely inappropriate and factually incorrect to mention that in the future, the locally-grown maple syrup will have more availability in the Midwest. Therefore, the statement given above is false.
The primary reason why the availability of the resources such as the maple syrup will become more in the Midwest in the future is because the scientists have suggested that maple trees will cease to exist in the coming age, and thus, it will be impossible to produce maple syrup, whether in the Midwest, or throughout the world.
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In future the no of maple trees will be reduced due to civilization . Nemeche due to unavailability of maple trees it will be impossible
jan and jill started a business 20 years ago. jill recently stepped down and her daughter jenny has agreed to start managing the company with jan's help. the eventual goal is for jenny to run the entire company. this process between jan and jenny is called a.a sibling partnership. b.a family consortium. c.mentoring. d.nepotism.
Twenty years ago, Jan and Jill founded their company. Jill just resigned, and her daughter Jenny has decided to take over management of the business with the assistance of jan. Jenny eventually wants to be the company's CEO. Mentoring is the name of this exchange between Jan and Jenny.
What is mentoring?Mentoring is the influence, guidance, or counsel offered by a mentor. A mentor is a person who guides, encourages, and offers advice to a less seasoned and typically younger person. In an organizational setting, a mentor has an impact on a mentee's personal and professional growth. Although mentors do not always need to be more senior than the persons they guide, conventional mentorships typically entail senior employees mentoring more junior colleagues. The fact that mentors have experience that others can learn from is what matters. A mentor is a senior or more experienced individual who is assigned to serve as an advisor, counsellor, or guide to a junior or trainee, according to the Business Dictionary. The role of the mentor is to support and advise the mentee.
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which step is typically included in the reviewing stage of developing an effective business message?
Gathering the right information to address a business issue step is typically included in the reviewing stage of developing an effective business message.
One of the most crucial and frequent features among effective firms is the capacity to generate a profit in the face of competition. Businesses that are profitable can grow, expand, maintain financial stability, and provide income for their owners. A company must get more revenue than it expends in order to turn a profit. Planning is the first step in creating effective businesses messaging since they are well-structured and context-appropriate. You should perform a scenario analysis Abefore you start planning. The next step is to compile all pertinent and appropriate data or information. The objective and scope of the message will decide how much research you perform. After completing the first two phases, you should build an outline.
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Question 9 (1 point) An example of Rent Seeking would be:
O orange growers in Florida and California getting a tax placed on the import of oranges so that they can raise their prices due to the resulting shortage rent from government agencies. )prices to consumers.
O Landlords attempting to get control of government owned buildings in order to extract
O entrepreneurs outwitting existing firms by providing better customer service and
O inventors coming up with new products that consumers desire and then charging high prices for those goods.
Save Question 10 (1 point) Rent Seeking is illegal because
O : the only way to get a government official to change the rules to help your industry is to bribe them.
O it is illegal for the government to do things that are economically inefficient.
O it is illegal for government officials to rent out government owned property for their own private gain.
O The premise of the question is false.
Rent Seeking is perfectly legal since it works through the normal process of petitioning our elected leaders to do things which are themselves legal.
An illustration of rent seeking is when a business engages lobbyists to persuade the government to change laws so they may profit more easily rather than trying to invest time and resources in bettering their products for the market.
Rent-seeking is the practice of using social or political influence to increase one's financial position without producing any new wealth. Rent-seeking actions have a detrimental impact on society as a whole. They lead to a decrease in economic efficiency due to resource misallocation, a decrease in wealth creation, a loss of tax revenue, a rise in income disparity, and a possible national downfall. Rent-seekers may benefit in a market through attempts to capture regulatory agencies in order to obtain a coercive monopoly while uncorrupt competitors may suffer. One of several conceivable rent-seeking behaviours is this one. The goal of rent-seeking actions is to earn financial benefits and gains by swaying the allocation of scarce resources. Such actions, in the opinion of economists, are harmful to both the economy and society. The ineffective resource allocation caused by the practice lowers economic efficiency.
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only highly liquid investments with original maturities of less than six months at the date of purchase qualify as cash equivalents. true or false?
This statement is False, only highly liquid investments with original maturities of less than six months at the date of purchase qualify as cash equivalents.
A liquid investment is any funding that can be effortlessly converted into cash without having a good-sized impact on its price. Examples of liquid investments are cash, cash market finances, and shares of publicly held organizations that actively exchange on an established stock alternate. The sum total of these investments can be aggregated and compared to an enterprise’s short-term liabilities to look if there are sufficient liquid investments accessible to repay the liabilities, that's a key indicator of corporate liquidity.
Investments aren't taken into consideration to be liquid whilst it takes a big amount of time to convert them into cash, or if the act of selling them reduces their cost. as an example, the actual estate can take a long term to promote, and so is not labeled as a liquid investment. Or the shares of a business enterprise that can be thinly traded cannot be sold in bulk without causing a big downward shift of their rate, and so also are no longer taken into consideration to be liquid.
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