According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "problem-solving skills" to assess problems and develop solutions very quickly.
This is based on the idea that problem-solving skills are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.
There are various Problem-Solving Skills include:
Active listening.Analysis.Research.Creativity.Communication.Dependability.Decision making.Team-building, etc.Hence, in this case, it is concluded that the correct answer is "Problem Solving Skills."
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9. Describe some research strategies implemented by economists to prove the existence of labor market discrimination based on race.
Answer:
Explanation:
I
n this article, we discuss the theory and evidence on discrimination in two
key domains—the labor market and the criminal justice system—from an
economic perspective. We define discrimination as treating someone differently based on characteristics such as gender, race, or religion. Prejudice may lead
to discrimination, but only if you act on it. Moreover, discrimination by individuals
does not necessarily lead to discrimination at a market or societal level. We focus
primarily on discrimination against blacks, although many of the concepts l assessment of a nonrepresentative
sample, as when an employer ascribes differences in an earlier job applicants pool
to a current one even though the applicant population has changed.
The canonical Becker ([1957] 1971) model of employer discrimination suggests
that market forces push back against taste-based discrimination, because prejudiced
employers will pay more for (or hire less qualified) preferred race workers, thereby
decreasing profits. Consequently, in a basic model, competition from nondiscriminating firms drives discriminators from the market until wage
Kimberly has been helping Jonah in preparing his personal income tax forms for a couple of years. Jonah's boss recommended Kimberly because she had done a good job setting up the company's new accounting system. Jonah is very satisfied with Kimberly's work and feels that the fees she charges are quite reasonable. Kimberly would be classified as a(n)
Licensed professionals who indulge in preparing financial documents for individuals, organizations and business are called public accountant. Hence, Kimberly would be classified as a public accountant.
Based on the description given which involves the various tasks undertaken by Kimberly while working for Jonah, such as preparation of tax income forms and various financial documents. Here, Jonah is Kimberly's client and she will be classified as a public accountant.Learn more : https://brainly.com/question/25698053
Click this link to view O*NET’s Skills section for Secondary School Special Education Teachers. Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are common skills needed by Secondary School Special Education Teachers? Check all that apply. instructing installation learning strategies repairing active listening technology design
Answer:
instructing
learning strategies
active listening
Explanation:
Answer:
Explanation:
instructing
learning strategies
active listening
A chocolate store that sells hand-painted chocolate charges artificially high prices for its chocolates because customers associate high prices with superior quality. This is an example of
When the chocolate store charges high prices for its chocolates because high prices is associated with superior quality, then, it is an example of prestige pricing.
Prestige pricing refers to a pricing strategy where prices are set high because people believed that high product price is related to superior quality.
Example of product where prestige pricing is applied includes luxury phones, watches, perfumes, luxury automobiles etc.
Therefore, when the chocolate store charges high prices for its chocolates because high prices is associated with superior quality, then, it is an example of prestige pricing.
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cash receipts and cash payments for transactions relating to revenue and expense activities are classified on the statement of cash flows as
The cash receipts and cash payments for transactions relating to revenue and expense activities are classified on the statement of cash flows as operating activities.
Operating activities has to the with transaction that are involved in the day to day running of a business.
Operating activities involve revenue and expense and it help to analyze a company revenue and expense.
Operating activities is vital during decision making as it enables the company to plan based on the amount of cash receipts from customers and cash payment for direct costs.
Inconclusion the cash receipts and cash payments are classified on the statement of cash flows as operating activities.
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The more often a product turns over (e.g. the higher its turns) the ______ its inventory holding cost per unit.
Rinaldo is an expat working in Singapore. As part of his compensation package, a chauffeur drives him to and from work each day. The chauffer is an example of a(n) Multiple Choice wage. allowance. bonus. perk.
The chauffeur is an example of Perk because the benefit is enjoyed because Rinaldo works for the company.
Basically, Perk is recognized as an advantage / benefit that an employees gets because of working for the company.
For instance, getting free ride, lunch, donations from staffs are all examples of perks.
Here, the Chauffeur driver does drive Rinaldo to and from work because it is part of his compensation package.
This benefit of this transportation is not part of Rinaldo's wage, allowance or bonus.
Therefore, the answer is Option D because the benefit is enjoyed because he works for the company.
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You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales policy. Last year, your dealership earned record profits of $1.9 million. In your market, you compete against two other dealers, and the market-level price elasticity of demand for midsized Honda automobiles is -1.2. In each of the last five years, your dealership has sold more midsized automobiles than any other Honda dealership in the nation. This entitled your dealership to an additional 40 percent off the manufacturer’s suggested retail price (MSRP) in each year. Taking this into account, your marginal cost of a midsized automobile is $11,000.
What price should you charge for a midsized automobile if you expect to maintain your record sales?
The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
Using this formula
Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)
Let plug in the formula
Midsized automobile price = $11,000 (3× -1.2) / 1 + (3× -1.2)
Midsized automobile price = $14,000 × -4.8/ -3.8
Midsized automobile price = $14,000 × 1.384615
Midsized automobile price = $15,230.765
Midsized automobile price =$15,230.77 (Approximately)
Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
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Select the steps in financial planning. (Select all that apply) Multiple select question. define the firms organizational chart forecasting short term needs recruit employees establish financial controls develop budgets
The available steps which are part of the financial planning process for a business or an individual includes:
B. Forecasting short term needsD. Establish financial controlsE. Develop budgetsAccording to the given question, we are asked to state the available steps which are part of the financial planning process for a business or an individual.
As a result of this, we can see that the main objective of the financial planning process is to optimize the profits which the business makes. With this in mind, we can see that the steps which are
Therefore, the correct answers are options B, D and E
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Oligopoly is a market structure that is characterized by a ________ number of ________ firms that produce ________ products.
Answer: small, interdependent; identical or differentiated
Explanation:
This is from Economics 202.
All ________ are required to be members of the Federal Reserve System. Group of answer choices banks with assets less than $100 million banks with assets less than $500 million state chartered banks national banks chartered by the Office of the Comptroller of the Currency
when the government injects money into the economy, consumers may have more disposable income, which may lead to:
Answer: Inflation
Explanation:
When firms set a single price for all customers, regardless of how much they buy or under what conditions they make their purchase, the firm is operating under a
Answer:
one-price policy
Explanation:
a Shannon has been a member of her school's newspaper club for 2 years and attends writing workshops in her free time. Which career choice should she explore? A. Museum Curator B. Web Content Developer C. Graphic Designer D. Business manager
She could look into both option B and D but I’m leaning more towards D as She could use her writing and English skills to compose formal documents and prepare motivational and persuasive speeches. And her initiative and independence would also be solid qualities to have for a business manager.
A salesperson lacking goals will drift around their territory, wasting time and energy. Group startsTrue or False
can someone please help me i need the sales analysis for covergirl. please help it's due in 30 minutes
HOW ABT the beach set.
In the context of collaborative planning, forecasting, and replenishment (CPFR), handling unforeseen problems is called _____ management.
It should be noted that collaborative planning, forecasting, and replenishment, handling unforeseen problems are known as exception management.
Management by exception simply means a style of business management which focuses on the identification and handling of cases that deviate from the norm.
Management by exception dictates that unusual nature should be reported to senior managers. Therefore, collaborative planning, forecasting, and replenishment, depicts exception management.
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under the direct write-off method of accounting for uncollectible accounts, bad debts expense is debited
Bad Debts Expense is debited when an account is determined to be uncollectible under the direct write-off method of accounting for uncollectible accounts,
Bad Debts Expense refers to the portion of account receivables that a firm has assumes not be recoverable from the debtor.
In conclusion, the Bad Debts Expense is debited when an account is determined to be uncollectible under the direct write-off method of accounting for uncollectible accounts,
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in a competitive market, the actions of any single buyer or seller will
Answer:
it will increase the tension of competition
which skill is considered the cornerstone of effective communication?
Based on communication strategy, the skill that is considered the cornerstone of effective communication is known as "Listening."
This is because effective listening forms the foundation of effective communication.
With effective listening, a recipient or responder would make the proper reply or response to the sender.
Without proper listening, arguments may arise in the communication process, or difficulty in understanding may occur among parties to a specific communication process.
Hence, in this case, it is concluded that the correct answer is "Listening."
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Um...look what i found
funds are typically needed to manage day to day needs of a business as well as acquiring needed inventory.
The type of funds that are required by every business in order to be able to manage their daily activities and getting needed inventory is the operating funds.
The operating funds is used for the expenses that are incurred in the daily operations of a business. Such expenses are expected to happen in the business.
Companies need operating funds in order to finance their purchasing program. Such funds are used for planning and buying assets that are needed for the business.
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Gloria has an option to purchase the cottage she leases from her landlord. She can exercise the option within the next two years. To gain that right, Gloria paid the landlord $5,000. This is called ______.
The option that Gloria has to purchase the cottage that she leases from her landlord is called An option fee.
Gloria has an option to purchase this property here. Under this option, she and the landlord would have a mutually agreed percentage on the purchase price.
Gloria paid her landlord the $5000 in order for her to have the right that would enable her to buy this property at a later date in the future.
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If Amazon enters the Japanese online market by translating its U.S. website into Japanese the company is using which internationalization strategy
If Amazon enters the Japanese online market by translating its U.S. website into Japanese, the strategy used is the meganational strategy.
A meganational strategy is an international strategy that focuses on reaping cost reductions through the economies of scale. It's a strategy that's used in seeing the world as one big national market.
Since Amazon enters the Japanese online market by translating its U.S. website into Japanese, then the strategy that is used is the meganational strategy.
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The two early economic plans proposed by President Carter improved economic growth. Did not improve economic growth. Gained support from many politicians. Reduced discrimination against banks.
The two early economic plans proposed by President Carter did not improve economic growth.
Jimmy Carter became the president of the United States at the time where the country was in a period of stagflation. There was high inflation in the country then and the economic growth was also very slow.
Jimmy carter tried to create reforms regarding the health sector, taxes, and the welfare of the nation.
His efforts to do these failed. One of the reasons why they failed was the fact that he had very poor relations with the congress.
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Answer:
B. did not improve economic growth.
Explanation:
edge2022 :)
some of the elements of are a focus on a shared mission, a willingness to work together toward the same goals, and a sense of trust in each other.
Part of the element of teamwork includes the focus on a shared mission, willingness to work together etc.
At workplace, teamwork refers to the collaborative effort of the employee to achieve a common goal in most effective and efficient manner.
Hence, the part of the element of teamwork includes the focus on a shared mission, willingness to work together etc.
Therefore, the answer is element of teamwork.
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The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the ______ structure.
Bureaucratic structure is a structure that has a lot of formalized set of role expectations. The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the multi-divisional structure.
Bureaucratic structure along with its different roles shows who is expected to do what, how, and when.This structure is said to be a normative in nature that is often disconnected from decision behavior or process.
The structure often shows the different facets of a mechanistic organization when looking at work specialization, formalization, and centralization.
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John borrows $100 dollars from ed. They agree that john will pay back the loan in two months at a rate of 10 percent monthly. If john pays back exactly $120, then the interest was.
Since john pays back the amount of $120, then, the interest is known as Simple interest.
The Simple interest is the easiest method of calculating an interest rate on a loan.
However, the compound interest is entails interest derived on a loan based on initial principal and the accumulated interest over period of timeHence, since john pays back the amount of $120, then, the interest is known as Simple interest because the interest is not accumulated.
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Wayfair Co. Reported the following results from the sale of 5,500 tables in May: sales $300,000, variable costs $165,000, fixed costs $85,000, and net income $50,000. Assume that Wayfair increases the selling price of tables by 10% on June 1. How much is the new contribution margin ratio?.
Wayfair Co's new contribution margin ratio is 50%.
Data and Calculations:
Number of tables sold in May = 5,500
Sales revenue = $300,000
Selling price per table = $54.55 ($300,000/5,500)
Total variable costs = $165,000
Variable cost per unit = $30.00 ($165,000/5,500)
New selling price per table in June = $60 ($54.55 x 1.1)
Contribution margin per table = $30 ($60 - $30)
Contribution margin ratio =50% ($30/$60 x 100)
Thus, the new contribution margin ratio is 50%.
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Wayfair Co. Reported the following results from the sale of 5,500 tables in May: sales $300,000, variable costs $165,000, fixed costs $85,000, and net income $50,000. Assume that Wayfair increases the selling price of tables by 10% on June 1. How much sales are needed by Wayfair to break even?.
Wayfair Co's sales needed to break even are 2,833 tables and $170,000.
Data and Calculations:
Number of tables sold in May = 5,500
Sales revenue in May = $300,000
Fixed costs = $85,000
Net income = $50,000
Selling price per table in May = $54.55 ($300,000/5,500)
Total variable costs = $165,000
Variable cost per unit = $30.00 ($165,000/5,500)
New selling price per table in June = $60 ($54.55 x 1.1)
Contribution margin per table = $30 ($60 - $30)
Contribution margin ratio = 50% ($30/$60 x 100)
Break-even Sales (Units) = Fixed Costs/Contribution Margin
= 2,833 ($85,000/$30) tables
Break-even Sales ($) = $170,000 ($85,000/50%)
Thus, the sales needed to break even are 2,833 tables and $170,000.
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