Fixed costs are the costs that do not depend on the quantity of output produced.
Fixed costs are the costs that don't change with the level of output produced. Fixed costs are expenses that will remain constant in the short term despite changes in the level of production or sales experienced by a company. Fixed costs are expenses that stay constant, regardless of how much the company generates or how much the sales are. Rent, property taxes, and depreciation on equipment are examples of fixed costs.
Fixed costs include items such as rent and mortgage payments, as well as salaries, insurance premiums, and property taxes. Fixed costs are not affected by the level of production of the company; they stay constant at all times. The sum of fixed costs and variable costs is known as total costs.
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in most cases, organizations that have managers who behave ethically tend to have ________.
In most cases, organizations that have managers who behave ethically tend to have a positive work culture, increased employee morale, higher job satisfaction, lower turnover rates, and a better reputation. Organizational ethics play a very important role in success of organization.
When managers act ethically, they establish a culture of trust and respect within the organization, which leads to a more positive work environment. Employees are more likely to be motivated and engaged when they feel that their managers are acting with integrity and treating them fairly. This positive work culture can lead to higher productivity, better quality work, and improved customer satisfaction.
These organizations are also more likely to attract and retain top talent, as employees are drawn to companies that prioritize ethics and integrity. Additionally, they may have better relationships with stakeholders such as customers, suppliers, and investors, leading to increased loyalty, repeat businesses, a positive impact on the bottom line and improved business performance in long term.
Therefore, organizations that have managers who behave ethically tend to benefit in numerous ways, including improved work culture, higher employee morale, better retention rates, and improved business performance.
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monroe group is preparing its cash collections budget. budgeted sales are $150,000 in july, $175,000 in august, and $200,000 in september. fifty percent of sales are cash sales; the remainder is on account. sales on account are expected to be collected 30% in the month of sale, 60% in the month following the month of sale, and 10% in the second month following the month of sale. what are anticipated cash collections during the month of september?
The anticipated cash collections during the month of September = $157,500.
To calculate the anticipated cash collections during the month of September, we need to break down the sales on account and their expected collection times.
For July sales, 50% or $75,000 are expected to be collected in cash in July. The remaining $75,000 is on account and expected to be collected as follows:
- 30% or $22,500 in July
- 60% or $45,000 in August
- 10% or $7,500 in September
Total collections for July sales on account in September would be $22,500 + $7,500 = $30,000.
For August sales, 50% or $87,500 are expected to be collected in cash in August. The remaining $87,500 is on account and expected to be collected as follows:
- 30% or $26,250 in August
- 60% or $52,500 in September
- 10% or $8,750 in October
Total collections for August sales on account in September would be $52,500.
Therefore, the anticipated cash collections during the month of September would be $75,000 (cash sales) + $30,000 (July sales on account) + $52,500 (August sales on account) = $157,500.
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in order to maximize profits a firm would add additional workers up to the point where mfc = mrp. True or False
True, In order to maximize profits, a firm will continue to add additional workers until the marginal factor cost (MFC) equals the marginal revenue product (MRP).
MFC is the additional cost incurred by the firm for hiring an additional worker, while MRP is the additional revenue generated by the firm by hiring an additional worker.
At the point where MFC equals MRP, the firm has reached the optimal level of employment, and any additional workers would result in diminishing returns and decreased profitability.
Therefore, it is important for the firm to carefully analyze and determine the optimal level of employment to maximize profits.
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Which of the following resulted from the Smoot-Hawley trade bill of 1930?
A.
The unemployment rate, which had been rising, began to steadily decline as jobs were protected by the trade restrictions.
B.
Many countries responded by imposing higher tariffs on American products, and the volume of international trade fell sharply.
C.
Imports decreased, while exports increased, resulting in an overall increase in GDP and tariff revenues.
D.
The stock market began a steady recovery from the crash of October 1929.
The Smoot-Hawley trade bill of 1930 had a negative impact on the economy by reducing international trade and increasing tariffs on American goods.
However, many countries retaliated by imposing their own tariffs on American goods, resulting in a significant reduction in international trade. This led to a decrease in exports, which had a negative impact on the economy and contributed to the Great Depression. The unemployment rate continued to rise, and the stock market did not recover until several years later. In conclusion, the Smoot-Hawley trade bill of 1930 had a negative impact on the economy by reducing international trade and increasing tariffs on American goods.
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1. the market (a) what kind of market is dealt with in the movie? (e.g. bond market, stock market) (b) in the market you described above, what kind of assets do financial intermediaries issue to make money?
The market dealt with in the movie is the stock market. Financial intermediaries issue stocks and bonds in this market to make money.
The market portrayed in the movie is the stock market, where investors buy and sell stocks of publicly traded companies. Financial intermediaries, such as investment banks and brokerages, issue stocks and bonds in this market to make money. Stocks represent ownership in a company, while bonds are debt securities that pay a fixed interest rate. These intermediaries make money by charging fees for their services, such as underwriting new stock offerings or providing investment advice.
They also earn money from trading activities, such as buying and selling stocks on behalf of clients. Overall, the stock market plays a crucial role in the economy by allowing companies to raise capital and providing investors with opportunities to invest in these companies and potentially earn a return on their investment.
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List and explain and give an example of 6 core components of comprehensive behavior management
Comprehensive behavior management is a systematic approach to managing behavior that focuses on prevention, intervention, and support. The six core components of comprehensive behavior management are:
A. Prevention: This involves identifying potential triggers of problem behavior and putting measures in place to prevent those triggers from occurring. For example, a teacher might set up a structured classroom routine to prevent disruptions or distractions.
B. Positive reinforcement: This involves recognizing and rewarding positive behavior in order to increase the likelihood that it will be repeated. An example of positive reinforcement might be giving a student a sticker or praise for completing a task on time.
C. Clear expectations: This involves setting clear and consistent expectations for behavior and communicating those expectations to students. For example, a teacher might post a list of classroom rules and review them regularly with students.
D. Consistency: This involves being consistent in the way that behavior is managed across different settings and situations. For example, a parent might use the same approach to managing behavior at home as a teacher uses in the classroom.
E. Consequences: This involves providing consequences for problem behavior in order to discourage it from happening again. For example, a consequence for breaking a classroom rule might be losing recess time.
F. Collaborative problem-solving: This involves working together with students, parents, and other professionals to identify the underlying causes of problem behavior and develop strategies to address it. For example, a teacher might work with a student and their parent to develop a behavior plan that addresses the student's specific needs.
Overall, these core components of comprehensive behavior management are designed to create a positive and supportive environment that encourages positive behavior and reduces the likelihood of problem behavior.
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All EXCEPT which of the following steps are taken to analyze problems with decision trees? Explain why you chose that answer
A) Define the problem.
B) Structure or draw the decision tree.
C) Assign probabilities to the state of natures.
D) Estimate payoffs for each possible alternative/state of nature combination.
E) Solve the problem by computing expected monetary values for each decision node.
Answer:
solve the problem by computing expected monetary values for each decision node
agnes company reported the following data: quick assets $53,000 current assets 148,000 total liabilities 298,000 average net receivables 13,800 beginning inventory 36,000 long-term liabilities 198,000 net credit sales 124,000 cost of goods sold 82,000 ending inventory 44,000 what was the average number of days to sell inventory?
Based on the information provided about Agnes Company's financial data, we can conclude that it takes approximately 196 days on average to sell their inventory.
In order to determine the average number of days to sell inventory for Agnes Company, we will need to use the information provided about their quick assets, current assets, total liabilities, average net receivables, beginning inventory, long-term liabilities, net credit sales, cost of goods sold, and ending inventory.
To calculate the average number of days to sell inventory, we will use the following formula:
Average Days to Sell Inventory = (Ending Inventory / Cost of Goods Sold) x 365
Using the data provided by Agnes Company, we can substitute the values into the formula:
Average Days to Sell Inventory = (44,000 / 82,000) x 365
Average Days to Sell Inventory = 0.5366 x 365
Average Days to Sell Inventory = 195.9 days
Therefore, the average number of days to sell inventory for Agnes Company is approximately 196 days.
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in a multichannel marketing system, each channel does not hold its own inventory.
T/F
true is the main answer. go into details on the internet
alice purchased a house for $790,000, paid 25 percent down in cash, and financed the balance for 15 years at 2.5 percent, compounded monthly. what is the amount of each monthly mortgage payment? group of answer choices $14,988.48 $3,950.73 $47,854.13 $8,978.26 $9,351.66
The amount of each monthly mortgage payment for Alice's house, given the provided information, is $3,950.73.
First, we need to calculate the mortgage amount, which is the balance after the down payment.
Mortgage amount = $790,000 - ($790,000 x 25%) = $592,500
Next, we can use the formula for monthly mortgage payments:
M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]
Where M is the monthly mortgage payment, P is the mortgage amount, i is the monthly interest rate (2.5% / 12 = 0.00208333), and n is the total number of monthly payments (15 years x 12 months = 180).
Plugging in the numbers:
M = $592,500 [ 0.00208333 (1 + 0.00208333)^180 ] / [ (1 + 0.00208333)^180 – 1]
M = $3,950.73
Therefore, Alice's monthly mortgage payment is $3,950.73.
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The International Monetary Fund makes __________ loans to countries based on specific goals and conditions. A. microcredit B. tax-deductible C. installment D. interest-free
In terms of relationship building, which type of selling is often the most challenging? A) transactional selling. B) generic selling
The most challenging type of selling in terms of relationship building is transactional selling.
Transactional selling is a sales approach that focuses solely on making a sale in the short term, often with little regard for building a long-term relationship with the customer. This type of selling is typically focused on the features and benefits of a product, rather than on the needs and desires of the customer.
In contrast, relationship selling is a sales approach that is focused on building long-term relationships with customers, and is characterized by a consultative approach that seeks to understand the customer's needs and desires in order to provide tailored solutions. This approach is often more effective in building customer loyalty and repeat business, but requires a greater investment of time and effort on the part of the salesperson.
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intoxicated but fully aware of the consequences, gerry agrees to a two-year service contract with signal maintenance, inc., at more than the average market price. this contract is
The contract entered into by Gerry with Signal Maintenance, Inc. while being intoxicated but fully aware of the consequences, and at a price higher than the average market price, is a valid and enforceable contract.
Although Gerry was under the influence of alcohol at the time of entering into the contract, it is evident that he had the capacity to understand the nature and consequences of his actions. Therefore, the contract is not voidable on the grounds of lack of capacity or undue influence.
Furthermore, the fact that the price agreed upon is higher than the average market price does not render the contract invalid. As long as both parties have willingly agreed to the terms of the contract, the price agreed upon is considered fair and reasonable.
However, it is important to note that the legality of the contract may be called into question if it can be proven that Signal Maintenance, Inc. took advantage of Gerry's intoxicated state to induce him into entering the contract. If such evidence is presented, the contract may be deemed voidable due to fraud or misrepresentation.
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ssume that the following amounts are known for Miles Company for the current year :
Retained Earnings, beginning balance $420,000
Retained Earnings, ending balance 500,000
Cash dividends declared 100,000
Fair value of large stock dividend declared 50,000
Dividend Payable, beginning balance 90,000
Dividend Payable, ending balance 80,000
1. Assume that the only other amount that affected Retained Earnings during the year was the net income. Compute the net income for Miles Company for the current year.
$ _
2. Compute the amount of cash dividends actually paid in cash to stockholders during the year.
$ _
The amount of cash dividends actually paid in cash to stockholders during the year is $110,000.
To compute the net income for Miles Company for the current year, we need to use the formula:
Net Income = Retained Earnings, ending balance - Retained Earnings, beginning balance + Cash dividends declared - Fair value of large stock dividend declared
Plugging in the numbers, we get:
Net Income = $500,000 - $420,000 + $100,000 - $50,000
Net Income = $130,000
Therefore, the net income for Miles Company for the current year is $130,000.
To compute the number of cash dividends actually paid in cash to stockholders during the year, we need to use the formula:
Cash dividends paid = Cash dividends declared - Change in Dividend Payable
Plugging in the numbers, we get:
Cash dividends paid = $100,000 - ($80,000 - $90,000)
Cash dividends paid = $110,000
Therefore, the amount of cash dividends actually paid in cash to stockholders during the year is $110,000.
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an effective financial plan must be adaptable to changing circumstances. which would not be a reason to take you back to step 1 of the financial planning process? quzilet
An effective financial plan must be adaptable to changing circumstances because life is unpredictable and things can change quickly.
However, there are some situations that would not require you to go back to step 1 of the financial planning process. For example, minor changes in your income or expenses can be easily adjusted within the existing plan without the need to start over.
However, major changes such as a job loss or a significant increase in income may require a review of the entire plan and potential adjustments to ensure your goals are still achievable. In conclusion, being adaptable is a key aspect of financial planning, but not every change will require a complete restart of the planning process.
An effective financial plan should be adaptable to changing circumstances to ensure that you stay on track towards your financial goals. However, not every change in your life will require you to start over with the financial planning process. Minor changes can be easily adjusted within the existing plan, while major changes such as a job loss or a significant increase in income may require a review of the entire plan. It's essential to stay flexible and adapt to life's changes, but it's also crucial to maintain focus on your long-term financial goals.
Overall, it's important to have an adaptable financial plan that can adjust to life's changes. However, it's equally important to recognize which changes require a review of the entire plan and which changes can be easily adjusted within the existing plan. Being flexible and staying focused on your long-term financial goals are key aspects of successful financial planning.
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Lines at banks where customers wait for a teller window are usually representative of a multichannel, multiphase system. last-in, first-out system. single-channel, multiphase system multichannel, single-phase system. single-channel, single-phase system.
The correct answer to your question is "last-in, first-out system." When customers line up at banks to wait for a teller window, they form a queue that operates on the last-in, first-out (LIFO) system. This means that the customer who arrives at the end of the line is served first, and the customer who arrives first is served last.
The system at banks where customers wait for a teller window is representative of a multichannel, multiphase system, and specifically operates on the LIFO system. the banking system is multichannel because there are multiple windows where customers can receive service. Additionally, the system is multiphase because there are multiple steps involved in each transaction, including verifying the customer's identity, conducting the transaction, and providing any necessary information or documentation. Lastly, the LIFO system is used to ensure fairness and efficiency in the queue, as the customer who has been waiting the longest is served first.
Overall, understanding the queuing system used at banks can help customers anticipate wait times and plan accordingly, as well as help banks optimize their service processes. This knowledge can lead to a smoother and more efficient banking experience for all involved.
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in terms of the parameters, the null hypothesis that a 1% increase in candidate a's expenditures is offset by a 1% increase in candidate b's expenditures is:
The null hypothesis in this scenario can be stated as follows: The null hypothesis (H0): A 1% increase in Candidate A's expenditures is offset by a 1% increase in Candidate B's expenditures, resulting in no significant impact on their relative chances of winning.
In this case, we are testing the hypothesis that changes in both candidates' expenditures have a neutral effect on their chances of winning when they both increase by 1%. This null hypothesis will be tested against an alternative hypothesis (H1), which would state that there is a significant impact on their relative chances when the expenditures change.
To test this null hypothesis, we would typically collect data on campaign expenditures and election outcomes for a sample of elections featuring two candidates. We would then perform a statistical analysis, such as a regression, to determine if there is a significant relationship between the expenditures of the two candidates and their relative chances of winning. If the analysis provides evidence that supports the null hypothesis, we would conclude that there is no significant impact of a 1% increase in both candidates' expenditures on their chances of winning. On the other hand, if the analysis supports the alternative hypothesis, we would conclude that there is a significant impact of the expenditure changes on their chances of winning.
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suppose a european stock costs 200 euros and the exchange rate is 0.95 dollars per euro. the cost of this stock to american investor would be:
The cost of this stock to an American investor would be $190 (200 euros x 0.95 dollars per euro).
However, it's important to note that this only takes into account the currency exchange rate and not any additional fees or charges that may be incurred during the purchase process.
Additionally, the value of the stock may fluctuate over time, which could impact the overall cost for the investor.
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Which of the four types of decision makers in the U.S. economy plays the largest role?
a) U.S. firms and government because they produce the products that households consume
b) U.S. households because they supply goods to the product markets and are demanders in resource markets
c) foreign households, firms, and governments because they greatly outnumber those of the United States
d) U.S. firms and government because they create employment for domestic households and produce goods and services
e) U.S. households, as buyers in product markets and sellers in resource markets
Based on the options provided, the answer would be d) U.S. firms and government because they create employment for domestic households and produce goods and services.
They are the primary producers of goods and services that are consumed by U.S. households and they also provide opportunities to these households. Their consumption patterns and resource contributions significantly influence the overall economy.
U.S. firms and government play the largest role among the four types of decision-makers in the U.S. economy. They have a significant impact on the overall functioning and dynamics of the economy. Here's an explanation of why this choice is correct:
U.S. firms, which include businesses across various sectors, are major contributors to economic growth and employment. They play a crucial role in producing goods and services that cater to the needs and demands of households and other economic agents. By investing in capital, hiring workers, and engaging in production activities, firms drive economic activity and generate income for households.
Additionally, the government's role in the economy is substantial. Through fiscal and monetary policies, the government influences economic conditions, regulates markets, and provides public goods and services. It also creates employment opportunities through public sector jobs and government-funded projects.
Both U.S. firms and the government contribute to employment generation, which directly benefits domestic households. Employment provides individuals with income, enabling them to participate in the economy as consumers and contribute to economic growth through their spending.
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Which of the following is a difference between off-price retailers and specialty shops?
a. Off-price retailers replenish inventory items that are sold, while specialty shops never replenish inventory items that are sold
b. Off-price retailers employ a hybrid retail operating model, while specialty shops employ a mass merchandising retail operating model
c. Off-price retailers focus on lean inventory management, while specialty shops are supported by an agile approach to inventory,
d. Off-price retailers adopt a high-service approach, while specialty shops de-emphasize customer service and product selection
Answer: Which of the Following is a Difference Between Off-Price Retailers and Specialty Shops?
Explanation:
The answer is "C", Off-price retailers focus on lean inventory management, while specialty shops are supported by an agile approach to inventory.
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what type of regional fare is described as no-frills homestead and farm food?
The type of regional fare that is described as no-frills homestead and farm food is commonly known as "comfort food." This type of cuisine is often associated with rural and Southern regions of the United States, and features simple, hearty dishes made with locally-sourced ingredients.
Examples of comfort food include fried chicken, biscuits and gravy, macaroni and cheese, and meatloaf. These dishes are often served in family-style restaurants or diners, and are meant to evoke a sense of nostalgia and tradition. Comfort food has become increasingly popular in recent years, as many people seek out simple, satisfying meals that remind them of home. Whether enjoyed at a roadside diner or cooked up in your own kitchen, comfort food is a beloved and enduring part of American culinary culture.
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in an oligopoly, each firm’s share of the total market is typically determined by:
In an oligopoly, each firm's share of the total market is typically determined by various factors, including the competitive strategies employed by the firms and the market conditions.
Some key determinants of a firm's market share in an oligopoly include:Pricing Strategy: The pricing decisions made by each firm can influence its market share.
Firms may engage in price competition, where they lower prices to attract more customers and gain a larger market share.
Alternatively, they may focus on differentiation strategies, offering unique products or services to capture a niche market segment.
Product Differentiation: The extent to which firms can differentiate their products or services from competitors can impact their market share. If a firm can offer unique features.
Advertising and Marketing Efforts: Effective advertising and marketing campaigns can help firms build brand awareness and customer loyalty, influencing their market share.
Investing in marketing activities to promote products or services can attract customers and expand market share.
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to exercise the power of acceptance effectively under common law, an offeree must accept an offer without adding or changing any terms. true false
True. Under common law, to exercise the power of acceptance effectively, an offeree must accept an offer without adding or changing any terms. This is known as the "mirror image rule," which requires the acceptance to exactly match the terms of the offer. Any attempt to modify or add terms would constitute a counteroffer instead of an acceptance.
In common law, the "mirror image rule" applies to the acceptance of an offer. This means that for an acceptance to be effective, it must be a mirror image of the offer and not contain any additional or different terms. If the offeree changes any terms in the acceptance, it is considered a counteroffer and terminates the original offer. Therefore, to exercise the power of acceptance effectively under common law, an offeree must accept an offer without adding or changing any terms.
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.If a load report (resource requirements profile) shows a work center scheduled beyond capacity
a. the company must add capacity by enlarging the facility
b. the company must add capacity by such tactics as overtime and subcontracting
c. the work center's load may be smoothed by such tactics as operations splitting or lot splitting
d. the aggregate plan must be revised
e. the Wagner-Whitin algorithm should be used to rebalance the load
If a load report (resource requirements profile) shows a work center scheduled beyond capacity, the company must consider various tactics to address the issue. Hence option A,B,C can be correct.
One option is to add capacity by enlarging the facility, but this may not always be feasible or cost-effective. Alternatively, the company can add capacity through tactics such as overtime and subcontracting. However, these tactics may also have limitations, such as increased costs and potential quality issues. Another option is to smooth the work center's load by using tactics such as operations splitting or lot splitting. This can help balance the workload and improve efficiency.
Additionally, the aggregate plan may need to be revised to better align capacity with demand. The Wagner-Whitin algorithm can be used to rebalance the load and optimize scheduling, but it may not always be the most practical solution. Ultimately, the best approach will depend on the specific circumstances and goals of the company.
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5) are the following workers more likely to experience short-term unemployment or long-termunemployment? explain.a) a construction worker who is laid off because of bad weatherb) a manufacturing worker who loses his job at a plant in an isolated areac) a stagecoach-industry worker who is laid off because of competition from railroadsd) a short-order cook who loses his job when a new restaurant opens across the streete) an expert welder with little formal education who loses his job when the company installsautomatic welding machinery
a) A construction worker who is laid off because of bad weather is more likely to experience short-term unemployment. This is because the bad weather is a temporary condition, and the worker will likely be rehired once the weather improves.
b) A manufacturing worker who loses his job at a plant in an isolated area is more likely to experience long-term unemployment. This is due to the limited job opportunities in isolated areas, making it more difficult for the worker to find a new job quickly.
c) A stagecoach-industry worker who is laid off because of competition from railroads is more likely to experience long-term unemployment. The competition from railroads indicates a structural shift in the industry, and the stagecoach worker may need to acquire new skills or change industries to find a new job.
d) A short-order cook who loses his job when a new restaurant opens across the street is more likely to experience short-term unemployment. The cook's skills are still in demand and can easily be transferred to another restaurant, so it is likely that they will find a new job quickly.
e) An expert welder with little formal education who loses his job when the company installs automatic welding machinery is more likely to experience long-term unemployment. This situation suggests that the worker's skills have been replaced by technology, and the worker may need additional training or education to find a new job in the evolving job market.
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For brevity, the minutes of a meeting should include only the main decisions that werereached. True False
True. The minutes of a meeting are an official record of the discussions and decisions made during the meeting. They should provide a concise summary of the key points that were discussed and the main decisions that were reached.
The purpose of minutes is to capture the important information that was discussed and to communicate it to attendees and non-attendees alike.
Including only the main decisions that were reached in the minutes is important for brevity and clarity. The minutes should not be a verbatim transcript of everything that was said during the meeting, but rather a condensed summary of the most important information. This makes the minutes easier to read and understand, and ensures that the most salient information is emphasized.
Additionally, including only the main decisions in the minutes can help to avoid misunderstandings or confusion later on. By focusing on the key points, the minutes provide a clear and accurate record of what was discussed and decided, which can be useful for reference in the future.
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3) What is a responsibility consumers have when making a complaint about an unfair business practice?
A) hiring a lawyer to press the claim
B) alerting other potential consumers
C) clearly identifying the problem
D) organizing a boycott against the offending company
When making a complaint about an unfair business practice, a responsibility that consumers have is to (c) clearly identify the problem.
This means that the consumer must accurately describe and articulate the issues they are having with their business practices and provide relevant details such as dates, relevant products or services, and relevant communications or transactions. As a result, consumers are more likely to receive satisfactory responses from businesses or regulators.
Hiring an attorney, warning other potential consumers, or organizing a boycott may be an option in some cases, but when it comes to complaining about unfair business practices, this is the is not the main responsibility of The primary responsibility is to clearly identify the issue so that the company or regulator can take appropriate action.
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convenience products such as bread, milk, and chewing gum would probably be distributed:
Convenience products like bread, milk, and chewing gum are typically distributed through widespread channels such as grocery stores, convenience stores, and gas stations.
These products are widely consumed and have a high demand, so they require a distribution system that is accessible and efficient.
Grocery stores, for example, are often located in residential areas and offer a wide range of convenience products to their customers.
Convenience stores and gas stations are also popular distribution channels for these types of products as they are often open 24/7 and offer quick and easy access to consumers.
Summary: Convenience products such as bread, milk, and chewing gum are distributed through easily accessible channels such as grocery stores, convenience stores, and gas stations due to their high demand and need for efficiency in distribution.
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As the tax wedge associated with a given economic activity gets smaller, we would expect
A) the distortions caused by taxes on that activity to be greater.
B) people will spend more on that economic activity.
C) no change in the practice of that activity until the tax wedge ultimately disappears.
D) more of that economic activity to occur.
E) people to engage in less of that particular activity.
As the tax wedge associated with a given economic activity gets smaller, we would expect (D) more of that economic activity to occur.
The tax wedge refers to the difference between the pre-tax and post-tax prices of a good or service. When taxes increase, the tax wedge increases, making the good or service more expensive for consumers and potentially reducing demand. Conversely, when taxes decrease, the tax wedge decreases, it reduces the burden of taxes on that activity, making it more attractive for individuals and businesses to engage in it, making the good or service more affordable for consumers and potentially increasing demand.
If the tax wedge associated with a particular economic activity decreases, such as through a tax cut or tax credit, consumers will have more disposable income available to spend on that activity. As a result, demand for the activity is likely to increase, leading to more production and economic activity in that area.
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Why might people choose to rent a home rather than buy a home?
a. They have a lot of money saved for a down payment. b. The property maintenance is the owner's responsibility. c. The interest rates on equity are too high. d. They have a long-term commitment to the area.
Answer: A
Explanation: People usually chose to buy houses instead of renting house because of saving reasons
Answer:
b. The property maintenance is the owner's responsibility.
Explanation:
its actually this one. i took an L for the gang. youre welcome
