Gross domestic product calculations count only final goods and services because counting all intermediate goods and services would lead to double-counting of many activities.
What is gross domestic product?The GDP of a country is what measures the total output of goods and services produced in a country. In other words, it measures the standard of living of a country's citizen.
The gross domestic product is a broad monetary measure of a nation’s overall economic activity.
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During September at Renfro Corporation, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of
Based on the amount of raw materials requisitioned, the journal entry to debit the Manufacturing Overhead would be $4,000.
What amount would be debited to manufacturing overhead?The manufacturing overhead is for expenses that are not directly involved in the manufacturing process.
This is why it is the indirect material amount of $4,000 that will be debited to the manufacturing overhead account.
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In market economies, most decisions are made by ___, while in command economies, most economic decisions are made by ___.
In market economies, decisions are made by individuals whereas, in command economies, economic decisions are made by a central authority.
What is the Economy?The economy refers to the position of a country when sufficient production and consumption of goods and services by the manufacturers and customers. This reflects the sufficient flow of money.
Market economy refers to the economy when any business is owned by an individual. In this type of economy, all the directions are followed by business given by individuals only, excluding government involvement.
In a command economy, it is controlled by government officials, and all the decision-making is done by them. This central authority will control the allotment of raw materials as well as resources utilized in production.
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You market many different types of insurance and ordinarily you spend time each evening calling potential clients. To comply with requirements for marketing medicare advantage and part d plans, what must you do about contacting potential clients to market those plans?.
You have to avoid calling potential clients unless they initiate contact with you and specifically request that you give them a call.
What is a health care plan?A health care plan refers to a medical plan for the medical care of a particular patient which covers a part or whole risk of the medical expenses incurred such as Medicare.
In this scenario, we can reasonably infer that as a marketer, you should avoid calling potential clients to market those medical plans, unless they initiate contact with you and specifically request that you give them a call.
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Ari is a generous employer who truly values his workers. He is constantly praising the work his employees do and finds many ways to show his appreciation. Needless to say, Ari's employees like him a lot. However, they don't trust him. Ari does not like making decisions and, therefore, often fails to take care of important problems. Moreover, Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a ____________.
Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a country club manager.
What is a country club manager's style?A country club manager's leadership depicts a manager who scores low on productivity but high on concern for people.
Country club managers are attentive to the:
SecurityWell-beingHarmony of subordinates.Thus, Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a country club manager.
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________, which are incurred when pursuing a related-diversification strategy, are a function of the number, size, and types of businesses that are linked to one another.
coordination costs which are incurred when pursuing a related-diversification strategy, are a function of the number, size, and types of businesses that are linked to one another.
What are coordination costs?This is the term that has to do with the type of costs that people come about through the fact that they collaborate.
Firms are made to work together so that they would be able to carry out an activity.
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Garry called in a food order to feed his sales team. when he arrived to pick up, it was not what he ordered. the store associate quickly made it right, and offered a substantial discount to make up for the mistake. there was no need to check with the supervisor, and garry was satisfied with the result. what aspect of good customer service was in place
The aspect of good customer service that was in place is employee empowerment.
How does employee empowerment help customer service?When employees are sufficiently empowered to make decisions on their own, they can act faster to remedy issues arising with customers.
This is what happened with the store associate. Because they had to power to deal with Garry's issue fast, there was no need to involve management and the issue was dealt with.
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Skill acquisition plans include goals, objectives, ______Data collection procedures may also include information about completion criteria and reversal criteria. ____________, and data collection.
Information on completion criteria and reversal criteria may be included in a skill acquisition plan that outlines goals, objectives, materials, and data gathering techniques. Evidences and data collection.
What is data collection?
Data collection is the process of obtaining, observing, measuring, and evaluating data from various sources as part of a research project.
Develop skills through a skill acquisition strategy. It is a written plan that outlines the objectives, aims, and resources required for instruction. Procedures for collecting data may also be evidences that they are needed for data collection.
As a result, materials and evidence options in the blank.
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Time-and-motion study involves Multiple Choice how physical characteristics lead to fatigue and thus poor performance. timing and recording the actions taken to perform a particular task. classifying workers into distinct categories based on the average time taken to accomplish a particular task. recording the number of motions workers make to complete a task. rewarding workers when they perform at a high level of efficiency.
Generally, the Time-and-motion study entails the timing and recording of actions taken to perform a particular task.
What is a time-and-motion study?
It refers to the study of conservation of human resources while searching for the most efficient method of doing a task.
Hence, this kind of study involves a careful timing and recording of the actions taken to perform a particular task.
Therefore, the Option B is correct.
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notes payable due in six months are reported as
A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.
What is a liability?
In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.
Hence, it is correct to indicate that notes payable due in six months is reported as a short-term liability.
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A company's value-creating activities can offer a competitive advantage in one of these ways. a. contribute to greater efficiency and lower costs and provide a basis for differentiation. b. contribute expense savings and enhance product exclusivity. c. reduce cost disadvantages and market price anomalies. d. contribute customer experience value and conserve operating functionality. e. contribute to competitive assets and discontinue distinctive competencies.
A company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.
What is differentiation?This is a process whereby organizations ensure that their product are recognized in the market space. The aim is to distinguish a company's product from competitors.
Hence, a company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.
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Maria's New Year's Resolution is to save
more money. All of her spending should
be:
A. Impulsive
B. Unplanned
C. Intentional
Perceived value and signaling value are often an important part of a successful differentiation strategy because a. of the standardization of buyer needs and preferences. b. buyers seldom will pay for value they don't perceive, no matter how real the value of the differentiating extras may be. c. buyer satisfaction cannot be achieved until a product's value is promoted through clever ads. d. differentiation is all about selling products to sophisticated buyers. e. there are no other ways to differentiate a product.
Perceived value and signaling value are often an important part of a successful differentiation strategy because b. buyers seldom will pay for value they don't perceive, no matter how real the value of the differentiating extras may be.
What is differentiation strategy?
A differentiation strategy can be regarded as an approach to businesses which is used by the company to make them unique so as to be able to withstand their competitors may offer in the marketplace.
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______ for an expatriate is the combination of many types of payments or reimbursements and must take into consideration exchange rates and inflation.
Compensation package for an expatriate is the combination of many types of payments or reimbursements and must take into consideration exchange rates and inflation.
What is compensation package?Compensation package can come in form of monetary payment given to an individual or employee.
This can be money accrued over a long time.
Therefore, compensation package for an expatriate is the combination of many types of payments or reimbursements and must take into consideration exchange rates and inflation.
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Which repayment plan will you be placed on automatically unless you change it by contacting server.
A "standard repayment plan" is the one that will be put on automatically unless you contact the servicer to change it.
What is the standard repayment plan?Particularly for people paying back student loans, this kind of payback schedule is regarded as being bare.
In most cases, when the payback process starts, clients are automatically put into this plan, unless they consciously modify it.
Thus, A "standard repayment plan"
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A characteristic of the production era is:
A characteristic of the production era is that buyers of a particular goods and services accepts the nature of the goods even if unsuitable due to the level of its scarcity.
Concept of production era.The forms of era that will have can be production or sales oriented.
The production era shows that buyers of a particular goods and services accepts the nature of the goods even if unsuitable due to the level of its scarcity.
For the sales era, the manufacturers tends to produce more goods depending on the response of the buyers to the product.
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Changing the business task involves defining a new _____.
Changing the business task involves defining a new question or problem to be solved.
What is involved in changing business tasks?The process of changing the business task involves these steps:
Assessment of what needs changingPreparation of the business for changeExecution of the changes.It has been discovered that during the assessment step, customers and competitors should be coopted so that the results of data analysis can be properly verified.
Thus, changing the business task involves defining a new question or problem to be solved.
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The earnings gap in the U.S. labor market between black and white workers_____________________ in the 1960s and 1970s, but, since 1980, the gap_____________________. rose substantially; has not changed much fell substantially; is pretty well unchanged rose substantially, has declined substantially fell substantially, has substantially increased
1st blank - fell substantially.
2nd blank - is pretty well unchanged.
U.S. labor market between black and white workers:Significant salary gaps between black and white workers are a key indicator of racial inequality in the labor market. In 2019, the median hourly wage for a black worker was 24.4 percent less than for a white worker. This represents a salary difference that is even greater than the 16.4% figure from 1979.Salary gaps between white and black workers?In terms of the difference between black and white salaries, the wage gap has varied over the first ten years of the twenty-first century: 67.7 percent in 2000, 64.0 percent in 2005, 67.5 percent in 2008, and 64.5 percent in 2009. However, the absolute salary gap between black and white workers has shrunk during this time.
Therefore, The earnings gap in the U.S. labor market between black and white worker fell substantially in the 1960s and 1970s, but, since 1980, the gap is pretty well unchanged.
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On August 22, Year 4, Martha purchases a computer to use in her childcare business. She sells the computer on December 28, Year 4, for $2,000 when the machine has an adjusted tax basis of $1,700. What is the amount and character of the gain on the sale
The amount is $300 and character of the gain on the sale is ordinary income.
Ordinary income
Using this formula
Gain on the sale=Cost of computer -Adjusted tax basis
Let plug in the formula
Gain on the sale=$2,000-$1,700
Gain on the sale=$300 (ordinary income)
Therefore the amount is $300 and character of the gain on the sale is ordinary income.
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John, who has an inflation adjusted wage, would like to borrow a loan from the Bank of Titon. Suppose the inflation rate is predicted to be 8%. In order for the loan payments to be more favorable to John, the interest rate should be:
In order for the loan payments to be more favorable to John, the interest rate should be:6%.
What is inflation?Inflation occur when their is increase in the price of goods and services,
Based on the given scenario if the inflation rate is 8%. The best alternative is for John to receive the interest rate at 6% as this will enable the loan payment to favor him compare to 8% which is higher.
Therefore In order for the loan payments to be more favorable to John, the interest rate should be:6%.
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Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace. a. True b. False
IS TRUE ,Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace.
Does Title VII apply to religion?
Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on religion. This includes refusing to accommodate an employee's sincerely held religious beliefs or practices unless the accommodation would impose an undue hardship (more than a minimal burden on operation of the business)
Title VII also prohibits workplace or job segregation based on religion (including religious garb and grooming practices), such as assigning an employee to a non-customer contact position because of actual or feared customer preference.
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URGENT! HELP NOW PLEASE! If it was possible for one company to gain ownership control all of the uranium processing plants in the US, then O they will strive to reach efficiencies only they know how to make. Othat firm could set up barriers to entry to discourage competition. Ogovernment will deregulate to ensure the company's monopoly O the factors of market demand and supply will set the price.
If it was possible for one company to gain ownership control of all the uranium processing plants in the US, then that firm could set up barriers to entry to discourage competition.
What are barriers to entry?When there are difficulties in entry in the market for the sellers in a particular industry due to the dominant position of a firm, and other added factors, then such factors are known as the barriers to entry.
Hence, option B holds true regarding barriers to entry.
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the cheap foreign ______ argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets, dragging down prices of goods and u.s. wages.
The cheap foreign Labour argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets, dragging down prices of goods and u.s. wages. This is further explained below.
What is foreign Labour?Generally, Those who work in a nation other than their own but have no intention of permanently relocating there are considered foreign workers since they do not have citizenship in the country where they are employed.
In conclusion, The idea that trade protection is needed because of cheap imports flooding the market and driving down prices and U.S. wages is known as the "cheap foreign labor" argument. More detail about this is provided below.
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A Blank______ identifies the product or brand, the package contents, and other information like where the product was made, when, and by whom. Multiple choice question.
Labeling identifies the product or brand, the contents of the package, and the data written on the product.
The second option is the correct answer.
What is a product?Product is referring to the goods manufactured or services rendered by a company in the consumer market.
Labeling is one of the activities involved in the marketing of a product. In this process, a label is put on the product specifying the name of the product, its brand, the contents available, a manufacturing company, net weight, ingredients used, etc.
Question's missing part:
The options are given as follows:
1) Branding
2) Labelling
3) Packaging
4) Warehousing
Therefore, the labeling on the product is the correct answer from the provided options.
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A competitive environment where there is strong rivalry among sellers, low entry barriers, strong competition from substitute products, and considerable bargaining leverage on the part of both suppliers and customers a. is competitively unattractive from the standpoint of earning good profits. b. offers little ability to build a sustainable competitive advantage. c. is highly conducive to achieving strong product differentiation and high customer loyalty to the company's brand. d. offers moderate to good prospects for making a reasonable profit and building a sustainable competitive advantage. e. requires that industry members have a strongly differentiated product offering in order to be profitable.
The competitive environment described is competitively unattractive from the standpoint of earning good profits.
What is a perfect competition?A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. In the long run, firms earn zero economic profit.
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Which of the following is not an advantage of owning mutual funds? A. All of the options are advantages of mutual funds. B. They offer small investors the benefits of diversification. C. They treat income as 'passed through' to the investor for tax purposes. D. They offer a variety of investment styles
(C) They treat income as 'passed through' to the investor for tax purposes.
What are mutual funds?A mutual fund is an investment vehicle that is professionally managed and collects money from a number of investors to buy securities. The phrase is frequently used in the US, Canada, and India, while open-ended investment companies in the UK and SICAVs in Europe are comparable global structures.Mutual fund distributions, whether made in the form of cash payments or reinvested in additional shares, must be taxed if shares are held in a taxable account. Following the end of each calendar year, the funds submit IRS Form 1099-DIV detailing distributions made to shareholders.Who are investors?A person who invests money does so in the hope of earning a profit or gaining an advantage in the future. The majority of the time, the investor purchases some kind of property using these assigned funds.What is tax?Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national). Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt.Therefore, "(C) They treat income as 'passed through' to the investor for tax purposes" is not the advantage of owning mutual funds.
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Homeshoring provides companies with operational efficiencies while also resolving possible issues related to:_________
a. cost
b. outsourcing jobs
c. facilities
d. management
Home shoring helped the companies in providing operational efficiencies by resolving the issues of outsourcing jobs also.
Option B is the correct answer.
What is outsourcing?Outsourcing is the activity where the third party fulfills the work being given by the company.
Home shoring is the process where the companies are providing jobs in the comfort of the respective homes of their employees. This helped the companies to hire employees from any part of the world or nation. It also provides immense exposure to employees without even going to the office space.
Therefore, the issue of outsourcing the jobs would be solved by home shoring leading to enhancing the operational efficiency of companies.
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Selzer inc. sells all of its merchandise on credit. it has a profit margin of 4 percent, days sales outstanding equal to 60 days, receivables of $150,000, total assets of $3 million, and a debt ratio of 0.64. the firm's return on equity (roe) is:
If Selzer inc. sells all of its merchandise on credit. The firm's return on equity (roe) is: 3.3%.
Return on equity
First step
0.64= TD / $3,000,000
TD = $1,920,000
Second step
DSO ratio = accounts receivable / (annual sales / 365 days)
60 = $150,000 /(sales/365)
Sales = $912,500
Third step
Total Equity
TE= $3,000,000 - $1,920,000
TE = $1,080,000
Fourth step
Net Income
Profit Margin = NI/Sales
0.04 = NI / $912,500
NI = $36,500
ROE= $36,500 / $1,080,000
ROE= 3.3%
Therefore The firm's return on equity (roe) is: 3.3%.
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Who is the president's chief adviser on intelligence matters across the executive branch?
The Director of National Intelligence is known as the President's chief adviser on intelligence matters across the executive branch.
What is the role of Director of National Intelligence?
The director's role is to serves as the head of the Intelligence Community, directing the implementation of the National Intelligence Program budget and serving as the principal advisor to the President.
Hence, the Director of National Intelligence is known as the President's chief adviser on intelligence matters across the executive branch.
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When independent stock transfer agents are not employed and the corporation issues its own stock and maintains stock records, canceled stock certificates should Multiple Choice Not be defaced but be segregated from other stock certificates and retained in a canceled certificates file. Be destroyed to prevent fraudulent reissuance. Be defaced to prevent reissuance and attached to their corresponding stubs. Be defaced and sent to the secretary of state.
When independent stock transfer agents are not employed and the corporation issues its stock and maintains stock records, canceled stock certificates should C. Be defaced to prevent reissuance and attached to their corresponding stubs.
What are canceled stock certificates?Canceled stock certificates are those that have been rendered void because of mistakes during their issuance.
To ensure that canceled stock certificates are not fraudulently reissued, they must be defaced and not just segregated from others.
Thus, canceled stock certificates should C. Be defaced to prevent reissuance and attached to their corresponding stubs.
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what are the three areas on the dashboard that let you find and perform every feature and function you need in quickbooks online?
The three areas on the dashboard that let you find and perform every feature and function you need in QuickBooks online are:
Navigation bar top Navigation bar Gear menuWhat are the areas on the dashboard on QuickBooks that allows feature and function?The dashboard which is online area where your website data is been displayed and on the QuickBooks , there is a navigation bar that help the movement from one data to another.
The top menu bar also posses its function to help the user to be able to enjoy the dashboard.
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