An important aspect of comprehensive resource management is the assessment, validation, and recognition of the qualifications of personnel.
How does resource management work?Resource management is the process of planning, scheduling, and assigning personnel, funds, and technological resources to a project or program. It involves allocating resources in a way that maximizes organizational value. Effective resource management ensures that the appropriate resources are available at the right time and for the right tasks.
Resources are essential for achieving any goal, whether it's completing a project or determining what's needed to do so. Resources include money, personnel, space, tools, technology, and time. The goal of resource management is to use the best combination of resources to meet needs while also being mindful that the same resources may be needed elsewhere within the organization.
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a project . question 1 options: 1) provides some value to an organization. 2) must be completed on time and on budget to be successful. 3) does not usually have a deadline. 4) has a high likelihood of success.
All of these options are correct in general but the last one "has a high likelihood of success" is a bit subjective, whether a project will be considered successful or not depends on the specific project's goals.
What is project?It is a planned set of activities that are undertaken to achieve a specific outcome or deliverable.
Projects are typically defined by their objectives, timelines, budgets, and resources.
They often involve a team of people working together to accomplish the project's goals.
Projects can be large or small, simple or complex, and can be found in almost every industry, including construction, manufacturing, software development, research, and more.
Successful projects are completed on time, on budget, and deliver the intended value to the organization.
They are usually managed by a project manager who is responsible for planning, executing, monitoring, and controlling the project to ensure its success.
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which conflict management and resolution rule should remind managers to not fight about everything that bothers them as they strive to manage supply chain conflict?
Pick battles carefully. conflict management and resolution rule should remind managers to not fight about everything that bothers them as they strive to manage supply chain conflict.
Supply chain management (SCM) is a system in commerce that deals with procurement (purchasing raw materials/components), operations management (ensuring the production of high-quality products at high speed with good flexibility and low production cost), logistics, and marketing channels so that raw materials can be converted into a finished product and delivered to the end customer). This can comprise raw material movement and storage, work-in-process inventories, finished items, and end-to-end order fulfillment from point of origin to point of consumption. Corporations can form alliances and register as new companies as a group; the resulting organizations are commonly referred to as corporate groupings.
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Daycare Comes to Northville
Northville, a medium-sized city in the midwestern part of the United States, has experienced a significant change in the composition of its municipal work force of 1,800 employees. Approximately 35 percent of the city employees are now female. In a recent survey of city employees, over 40 percent have said that "affordable day care for children" was important to them. Meanwhile Director of the Office of Personnel Mary Lux has become increasingly convinced that the lack of affordable day care is one of the main reasons for absenteeism and lateness among city employees. Mayor Petula Spark, some of the members of the city council, and the leader of the major city employees’ union, Denardo Legato, all agree that something should be done. The question they are trying to answer is, what should it be?
Mayor Spark is in favor of doing something, in principle, but she is not in favor of incurring a major new expense, given the many legitimate claims on the city’s already strained budget. She has told Legato, who is negotiating the day care program on behalf of the city employees. "We’ll give you space and utilities for a year at no cost. It is up to you to come up with a suitable day care center that conforms to state and federal law." Several regulatory mandates and non-discrimination laws fall into this category. The only requirements specific to day care centers are that (a) they be licensed and inspected once a year, (b) all new day care workers take part in a three day state-certified training program and (c) the child/day care giver ratio be no greater than 8 to 1. The annual inspection fee is $300. The total cost of the three-day training program is estimated to be $250 per employee.
Mary Lux is responsible for planning the details of the day care program for the children of city employees. With Mr. Legato’s approval, Ms. Lux has negotiated an arrangement with a local non-profit agency that is already providing day care services in the Northville metropolitan area.
Tiny Tots has three locations: the contract with the City Northville would be a fourth center. The Director of Tiny Tots, Klara Nemet, is enthusiastic about the prospects of a new center specifically for city employees. While discussing the proposed arrangements with Ms. Lux, Ms. Nemet requested $3,000 per month to compensate her for the administration costs associated with the Northville location.
The additional details of the contract are as follows:
-The day care center will be open 20 days every month. Parents pay a monthly fee of $350 per month.
-Based on projected demand, it is expected that the day care center will open in January 2017 with 150 children. Ms. Nemet has been successful in negotiating a ratio of 6 children to 1 day care worker for the first year of operation.
-Day care workers earn $17.00 per hour. They work from 9 to 5 and get paid for 8 hours. Tiny Tots also must pay 7 percent of their salaries in the form of a Social Security contribution, along with 8 percent for unemployment benefits. Each day care worker receives $400 per month for health insurance. The city will have to cover these costs for the employees who work at the facility for the children of city employees. It does not have to cover the Social Security, unemployment, or health benefits for Ms. Nemet since Tiny Tots, Inc. is doing so on the basis of her total compensation.
-Children get a snack and lunch. The food cost is $10.00 per child per day. The cost of supplies is $5 per child per day. The City of Northville has purchased certain equipment (such as cots and desks) for the first 150 children. However, these costs are estimated to be $50 per child as the enrollment at the day care center goes up. For the first four months, it is expected that the number of children will grow by 1.5 percent, beginning in February 2019.
-Beginning June 2019, the monthly growth is expected to be 1 percent.
-The City of Northville is "donating" space and utilities.
-Mr. Legato says that the union will contribute to the cost of the city’s new day care center by providing $15.00 per child per day for the children of union members. It is estimated that 75 percent of the children will be children of union members.
-The state will provide an annual grant of $300,000.
Businesses routinely use freelance editors, graphic designers, data entry specialists, and other professionals.
Which company has the highest global ranking?For instance, although Apple has the largest market value, the largest company worldwide in terms of sales is American multinational retailer Walmart. Below is a list of the top 10 firms in the world according to current value as of 2 April 2022.
Which company is the wealthiest?With a turnover of 600 million dollars, Walmart took the first spot as among top 100 global firms, followed by Aramco of Saudi Arabia. Wal is the largest employer in the world, employing more than 2.3 million people globally.
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a medical insurance plan in which the health care provider is paid a regular fixed amount for providing care to the insured and does not receive additional amounts of compensation dependent upon the procedure performed is called
A medical insurance plan in which the health care provider is paid a regular fixed amount for providing care to the insured is called prepaid plans.
What is an easy way to define insurance?Insurance, often known as insurance coverage or insurance policy, is a contract between the insurer and the insured. The insurance offers financial protection against any losses the insured might incur in certain situations.
What serves as insurance's primary objective?Its goal is to lessen monetary uncertainty and manage unintentional loss. This is accomplished by exchanging the payment of a small, predetermined fee—an insurance premium—to a reputable insurer for the assumption of the risk of a significant loss and a guarantee to make payments in the case of such a loss.
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Which of the following types of subtractions cannot be taken by a taxpayer if he or she itemizes deductions
If a taxpayer chooses to itemize deductions, they cannot take the standard deduction.
What is standard deduction?The standard deduction is a fixed dollar amount that reduces the amount of income on which you are taxed. The standard deduction is based on your filing status, your age, and whether you are blind.
Taxpayers who choose to itemize their deductions can deduct certain expenses such as state and local taxes, mortgage interest, charitable contributions, and certain miscellaneous expenses.
However, some types of subtractions cannot be taken by a taxpayer if he or she itemizes deductions, such as:
Personal exemptions. Certain miscellaneous itemized deductions subject to 2% of AGI limitation. State and local sales tax instead of state and local income tax. Mortgage insurance premiums. Tax preparation fees. Unreimbursed employee expenses. Investment expenses. It's important to note that tax laws are subject to change, thus, it's recommended to consult with a tax professional before filing taxes.
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The complete question is:
Which of the following types of subtractions cannot be taken by a taxpayer if he or she itemizes deductions
standard deduction
mortgage interest
Educational loan interest
student loan interest
do investors earn interest on the asset, dividends from the asset, or capital gains from the sale of the asset?
Dividend income and capital assets are both sources of profit for shareholders and could result in tax obligations for investors.
What are Capital assets?A capital gain is a rise in an asset's worth over its acquisition price, such as in the case of a stock or piece of real estate. A capital gain does not occur until an investment is sold for a profit. A decline in the capital asset value relative to the asset's acquisition price, on the other hand, results in a capital loss. Until the asset is sold at a loss, the investor has not suffered a capital loss.
What is dividend income?A dividend is a payment made from a company's net profits to equity investors as a thank you for their investment. Most gains are maintained by businesses as retained earnings, which can be used for current and upcoming business operations. The remainder, however, is frequently distributed to shareholders as a dividend.
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which of the following items is generally not taxable on a federal return? select one: a. income from illegal activity b. tips under $20 a month c. fees received for jury duty d. inheritance e. none of these g
Option (d), Inheritances are typically exempt from federal income taxes. Gifts, inherited property, and bequests are not taxable in the eyes of the IRS. reimbursements in currency for commodities that buy from the merchant, manufacturer, or dealer. offering alimony
When does the federal income tax become due?Every year on April 15th, federal income tax returns must be submitted. The day can alter a little bit if April 15 falls on a weekend or for other reasons.
Tax Exemption from Federal IncomeAs a result, you don't pay any federal income taxes for the entire year. Your W-4 needs to make this clear. When your federal tax status is listed as exempt, your employer does not withhold any federal taxes from your paycheck. It should never lose its validity.
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you have been assigned to replace a project manager at the beginning of project execution. you are in the process of reviewing the activities completed by the previous project manager. you determine that the previous project manager has completed the schedule and budget. the previous project manager also determined the quality specifications and began checking the products from the project. after confirming that a process improvement plan was created and roles and responsibilities of project team members have been identified, what should you do next?
Check to check if communications had been scheduled after ensuring that a process improvement plan was produced and that the roles and duties of project team members have been determined.
Which specific step in the project management process does the project manager evaluate the effect of a modification on the project?The process of determining how the modification would affect the project is known as the impact assessment step. The systematic capture of all the necessary information should be possible with the aid of a change request template. To enable the sponsor and stakeholders to make an educated choice is the goal.
What should you do initially when you are given a project to work on?Make a decision as to what you want to accomplish first. Give the project's objectives some thought. I advise setting a single, overarching goal in addition to a number of smaller ones that will help you complete the job successfully.
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a licensed sales associate accepted a deposit check from a buyer late on friday evening. so that the check would not be lost, she deposited it into her personal bank account. is this wrong?
You instantly forfeit the deposit you submitted with your offer. You are also at risk of being sued by the seller for money they have lost on the sale of their home.
What happens to deposit when buyer backs out?Earnest money can be connected to the offer, although it is typically delivered after the sales contract or purchase agreement is signed. When a deposit is made, the money is normally kept in an escrow account until closing, when it is used to cover the buyer's closing expenses and down payment. You have the right to have your deposit back if you paid one at the beginning of your tenancy. Only if there is a valid reason, such as if you have damaged the property, can your landlord or rental agent deduct money from your rent. At the end of your lease, you must get in touch with your landlord and request your security deposit. You are qualified to receive a complete refund of your deposit.To learn more about buyer backs out refer to:
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The revenue generated by Company X is divided between Doug and Moira in a 6 to 5 ratio respectively.
The total profit is $12000. One of a business's top priorities is to turn a profit. Determine your level of success by calculating your profit.
What is total profit?In other words, your revenue minus your manufacturing or production costs equals your gross profit, whereas your net profit is your gross profit less the cost of all business operations and non-operations. Your net profit will be a much more accurate reflection of your company's earnings. One of a business's top priorities is to turn a profit. Determine your level of success by calculating your profit. This will also show you where your company is making money and where you are spending it. When referring to anything, the terms "gross" and "net" both refer to its entirety or entire amount, respectively.Let A's portion of profit be X
B's portion of profit be X+$3000
A/B=3/5
X/X+$3000=3/5
Simplifying,
5X=3X+$9000
2X=$9000
Then,
X=$4500
Total profit will be
X+X+$3000
2X+$3000
2($4500)+$3000
We get,
$12000
The complete question is,
The annual profit of a business was divided between two partners, A and B in the ratio 3:5. If B received $3,000 more than A, what was the total profit?
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spaghetti and lasagna are substitutes. holding all other things constant, this means that if the price of spaghetti increases, the demand for:
if the price of spaghetti increases, the demand for lasagna will increase
With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will cause the equilibrium price to fall and the supply to increase. Several variables affect whether a good's demand rises or falls. This comprises the cost of the product, the perceived quality, the amount spent on promotion, the income and confidence of the buyer, as well as shifts in consumer preferences and fashion. When more products are bought at the same price and the same amount is bought at a higher price, the demand for those products increases. When fewer items are bought at the same price or the same amount at a cheaper price, demand decreases.
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59. advocates of a monetary rule recommend increasing the money supply at a rate that is equal to the rate of increase in which of the following? (a) price level (b) unemployment rate (c) level of exports (d) level of imports (e) long-run real gross domestic product
Money supply expansion is advised by proponents of the monetary rule to match the pace of growth of e long run real GDP growth.
The monetary rule is what?Rule of constant money growth Friedman, who passed away in 2006, suggested a specific dollar rule that mandates that the Fed aim for a money growth rate that is equal to the real GDP growth rate while maintaining the same level of prices.
What is the financial rule curve?The central bank's monetary policy in the economy is primarily represented by the monetary rule curve. It displays the various output and inflation combinations for the overall economy. Additionally, it aids in determining the trend of the supply of money in relation to production and the economy's inflation
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What are some tactics that wise spenders use before making a purchase?
Some tactic that wise spenders use before making a purchase is setting up a plan, Knowing how much of your money is left over after paying your bills is only one aspect of creating a financial plan.
It takes more than just paying your bills on time and maintaining a decent credit score to spend sensibly. Being frugal with your money is a way of life! You can save for future needs by spending less than your income while continuing to make on-time, complete payments on all of your expenses.
Your largest financial objectives will be easier to achieve if your spending patterns are in line with what matters most to you. Understanding where your money goes each month is necessary before you can handle it sensibly. That is why keeping track of your expenditures is so crucial.
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what information does a measure of variability for the variable competitiveness convey? check all that apply.
When creating a production cost report using process costing, transferred-in costs should be as close as possible to the material that was first introduced to the process.
Give an example of what it costs to produce something.A cost must be incurred while creating the good or service for sale in order to be referred to as a production cost. A company could include rent in its production costs in addition to labor, raw materials, and equipment.
How are manufacturing costs determined?By adding up all of a manufacturing unit's direct and indirect costs, one can get the cost of production, cost price, or production costs. Below is a breakdown of how the production cost was determined. Expenses of labor, raw materials, and overhead make up the total production costs.
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Suppose Torche Corporation has the following results related to cash flows for 2017:
Net Income of $8,500,000
Decrease in Accounts Payable of $400,000
Increase in Accounts Receivable of $800,000
Increase in Debt of $100,000
Depreciation Expenses of $2,000,000
Dividends Paid of $300,000
Increase in Inventory of $300,000
Purchases of Property, Plant, & Equipment of $5,400,000
Other Adjustments from Financing Activities of -$700,000
Other Adjustments from Investing Activities of $600,000
Other Adjustments from Operating Activities of $500,000
Create a statement of cash flows with amounts in thousands.
What is the Net Cash Flow?
Please specify your answer in the same units as the statement of cash flows.
The gain or loss in money over a time period is referred to as net cash flow (after all debts have been paid).
How do you calculate net cash flow with example?The net cash flow equation, conceptually, is the result of deducting the total cash outflows from the total cash inflows of a business. The total of the three CFS sections, or the "Net Change in Cash" line item, represents the net cash flow for the specified period.The primary distinction between cash flow and profit is that the former refers to the money that remains after all costs have been met, whilst the latter refers to the net movement of cash into and out of an organisation.Net income is the amount of money a business made during a specific time period, whereas cash flow from operating activities is a measure of some of the money coming in and going out of a business on a daily basis.To learn more about period refer to:
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you are a project manager for a company based in the eastern u.s. that is currently accepting bids from paint contractors for a large-scale construction project. a friend of yours owns a paint contractor business, which is one of the bidding organizations. your friend offers to pay for a summer vacation for your family if you could provide information on the other bidding organizations. which action would be best for you to take?
The action would be best for take as a project manager is to refuse the summer vacation offer from a friend.
What is a Project Manager?A project manager is an expert who organises, plans, and implements projects while adhering to constraints like budgets and timelines. Leading teams, setting objectives, interacting with stakeholders, and seeing a project through to completion are all tasks that project managers are responsible for.
The project manager plays a key role in ensuring the success of any endeavour, including marketing campaigns, building projects, computer system development, and new product launches with stakeholders.
In almost every industry, project managers are in high demand. What project managers do, the benefits of pursuing a career in project management, and how to get started will all be covered in greater detail below.
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blue co.'s net income for year 4 is $125,000. the following information is available: accounts payable $2,800 increase accounts receivable (gross) 4,000 increase allowance for credit losses 250 increase investment in available-for-sale debt securities 15,000 increase prepaid insurance expense 3,100 decrease what amount should blue include as net cash provided by operating activities in the statement of cash flows?
Net cash provided by operating activities = Net Income + Non-Cash Charges - Non-Cash Credits Net cash provided by operating activities = $125,000 + $2,800 + $250 - $4,000 - $3,100 - $15,000 = $105,950.
What is the purpose of a statement of cash flows?The purpose of a statement of cash flows is to provide information about a company's cash receipts and cash payments during an accounting period, which can help investors and creditors better understand a company's financial position and performance. It also helps to assess the company's ability to generate cash flows in the future.
What is the difference between cash and accrual accounting?The main difference between cash and accrual accounting is when revenues and expenses are recognized. In cash accounting, revenues and expenses are only recognized when cash is received or paid out. In accrual accounting, revenues and expenses are recognized when they are earned or incurred, regardless of when cash is received or paid out.
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_____ refers to These are expenditures creating future value. They are incurred when a property owner spends money to upgrade a building in an effort to add value and/or extend the useful life of the building
Answer:
please can you explain it better
Chameleon Corporation payroll division shared the following information for August 20Y6: Assembly division Purchasing division Part-time employees 300 payroll checks 150 payroll checks Permanent employees 100 payroll checks 200 payroll checks If the payroll division charges $50 per check issued, determine the total amount of payroll costs charged to the purchasing division for payroll service.
The total amount of payroll costs charged to the purchasing division for payroll service is $37500.
Total amount of payroll = (300 + 150 + 100 + 200)50 = 37500.
What is Payroll?
A payroll is a list of the employees of a company who are eligible for payments and other work perks, as well as the amounts that each person is supposed to receive. Payroll is the procedure for paying employees of a firm. It entails gathering the list of employees who need to be paid, keeping track of the hours worked, figuring out each employee's compensation, promptly disbursing the payment, and monitoring payroll costs. Payroll processing entails paying workers for their labour. It entails figuring out total wage earnings, taking deductions, submitting payroll taxes, and disbursing money.
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select the best definition of quality control. multiple choice question. a process using a statistical method to detect when a process is slipping out of control. a process that measures output relative to a standard and takes action when discrepancies occur. a process that samples all raw inputs before production and rejects non-conformances back to the supplier.
Quality control is a process that measures output relative to a standard and takes action when discrepancies occur.
A technique or collection of procedures known as quality control (QC) is designed to make sure that a service or product is made in accordance with a specified set of quality criteria or that it satisfies the needs of the client or customer.
Quality planning, quality control, quality assurance, and quality improvement are the four main divisions that make up an efficient quality control management system.
Testing units to see if they meet the requirements for the finished product is known as quality control.
There are numerous approaches for assessing quality, and how they are employed in a business depends much on the product or industry.
Quality control develops safeguards that can be put in place to ensure that customers do not receive defective or damaged goods.
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which of the following events would cause a bank to debit a depositor's account? a) there are deposits in transit on the account at month-end. b) there are outstanding checks drawn on the account at month-end 23) c) the bank corrects an error from previous month by adding $75 to the depositor account. d) the depositor orders new checks through the bank at a cost of $s0.
The depositor orders new checks through the bank at a cost of $50[D].
what is Depositor account?A customer can deposit and withdraw funds from a deposit account, which is a bank account kept by a financial institution. Savings accounts, current accounts, or any of a number of other types of deposit accounts.Demand and time deposits are the two varieties of deposits. A demand deposit is similar to a traditional bank account. From a demand deposit account, you can take the money out whenever you choose. Time deposits, like a certificate of deposit, are those with a set period of time and often pay a certain interest rate (CD).To learn more about Depositor: https://brainly.com/question/29796914
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assume the reserve requirement is 10%. based on this small bank's data, what is the maximum amount in new loans that it could give? (2 points)
The amount of money a bank must have in reserve in order to pay its obligations in the event of unforeseen withdrawals is known as the reserve requirement.
What is the reserve requirement ?The amount of money a bank is required to have in reserve as a precaution against unexpected withdrawals is known as the reserve requirement. The central bank can change the amount of money in the economy and affect interest rates by imposing reserve requirements.
"Depository institutions" are those that meet the criteria for reserve requirements. These institutions include commercial banks, savings banks, savings and loan organisations, credit unions, U.S. branches and agents of foreign banks, Edge businesses, and agreement corporations.
As a result, you increase the quantity of the deposit by 1 minus the reserve ratio to obtain the maximum number of loans that can be given.
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Customer instructions are key to a perfect delivery. True False
Correct reply is True.
Customer instructions capacity any notices, instructions or orders given electronically, such as facsimile and e-mail; orally; or in writing to Bank through any character or entity believed through Bank to be a Customer or Customer Representative via any method agreed upon in writing between Bank and Customer pursuant to Section 6.2.
What is coaching with example?An practise is a set of codes that the computer processor can understand. The code is commonly in 1s and 0s, or desktop language. It includes instructions or duties that manage the movement of bits and bytes within the processor. Example of some instruction units − ADD − Add two numbers together.
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https://brainly.com/question/1286522#SPJ4why would the physical count of inventory be different than what is shown in perpetual inventory records? (check all that apply.) multiple select question. events such as errors events such as theft events such as sales discounts events such as damage events such as loss
Discrepancies between the physical count and the perpetual records are common as a result of clerical mistakes, theft, waste, and misplacement of products.
What is perpetual inventory?A perpetual inventory system is a sort of inventory control that continuously tracks the number of goods bought or sold in real-time using business software or other technological instruments such as a point of sale.
In order to update the cost of products sold or received, a permanent inventory system would need rapid debiting of accounts receivable and crediting of sales. The perpetual inventory system has one benefit over the periodic inventory system: it assures that the inventory account balance is always accurate in the absence of spoilage, theft, and so like. The cost of products sold has an influence on the periodic inventory system.
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Under which of these circumstances is the seller obligated to pay the listing agent a commission if the agent is working under an exclusive agency agreement?Choose matching definitionIf any agent secures the buyerThe buyer or tenantExclusive buyer agencyImplied agency & undisclosed dual agency
If the agent is working under an exclusive agency agreement, the seller is obligated to pay the listing agent a commission if the agent secures the buyer.
This means that if any other agent or the seller themselves finds a buyer for the property, the listing agent would not be entitled to a commission.
In contrast, under an exclusive buyer agency agreement, the buyer would be responsible for paying the agent's commission. Implied agency and undisclosed dual agency refer to situations where an agent may be representing both the buyer and the seller in a transaction without disclosing this to either party.
In these cases, it is typically the seller who is obligated to pay the commission to the agent.
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Based on the guidelines for displaying products, which sulfate shampoo would be displayed third?
The answer is Biolage $14.99 based on the chart on indeed for attention to details assessment
The guidelines for displaying products, Biolage sulfate shampoo would be displayed third.
What is the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
As a result, The displaying product shown is the Biolage sulfate shampoo. Because its price is third most. As a sulfate shampoo sulfates create a frothy lather that removes dirt, oil, and styling product buildup from the hair and scalp.
Therefore, By the displays show the Biolage sulfate shampoo.
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If you are moody or had some bad news delivered to you prior to hearing a speech, which element of the model accounts for the way you might be impacted?
The element of the model that would account for this is the 'Perceiver' element. The perceiver is the person who receives the message and interprets it. The perceiver's mood or state of mind can greatly influence how they interpret and respond to a message.
According to the sources provided, when delivering bad news, it is important to be direct, empathetic, and prepared for any questions that may arise. It is also important to consider the other person's perspective and emotions, since the perceiver's emotions can greatly influence how they interpret the message and respond to it.
It is important to mention that the 'Perceiver' element is a part of the "Transactional Model of Communication" which is a model that describes the process of communication as a process of exchange between a sender and a receiver. It consist of three elements: Sender, Message and Receiver. The sender encodes the message and sends it to the receiver, the receiver decodes the message and sends feedback to the sender.
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In global markets, there is not a central system of law.
True or False
Answer: True
Explanation: In global markets, no central system of law exists, so it depends on what laws apply to your region. This makes this statement true because there is not a "uniform" law that applies all over the globe, this is because many economies and governments are different from one another. This applies to countries like China and the US. China and the US have vastly different forms of government, and their business is notably different. I hope this helped.
Answer:
false
Explanation:
The answer is false. The central system of law refers to the application of common rule while doing international business. The central system of law does not exist; instead, various laws come into play in different places. The differences in the system of law are influenced by political/legal aspects of the countries that participate in trade in a given locality. Hence the laws used only apply among the countries doing trade, and the global law only exists to some extent. The purpose of using various systems of laws is to create a conducive environment for trade with favorable specifications among the countries.
which of the following statements is correct?a.in any type of partnership, every partner has the same rights, privileges, and liability exposure as every other partner.b.corporations of all types are subject to the corporate income tax.c.sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large ones.d.sole proprietorships are subject to more regulations than corporations.e.one of the disadvantages of incorporating a business is that the owners then become subject to liabilities in the event the firm goes bankrupt.
The following claims are true: Contrary to many companies, especially large ones, partnerships and sole proprietorships typically enjoy tax advantages.
Of the following, which is true for partnerships and sole proprietorships?Generally speaking, fewer corporations, especially large ones, pay taxes than sole proprietorships and partnerships.
Which of the following is true regarding a drawback of incorporating your business?Being liable for the company's debts in the event of bankruptcy is one of the drawbacks of forming a business.
What is true regarding sole proprietorship according to the following statements?In a sole proprietorship, the business owner is personally liable for all debts incurred by the entity. An individual may operate a business as a sole proprietor, but the business is not separate from the owner.
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Vincent is a tipped employee who earns a wage of $2.13 per hour in a tip-credit state and works a standard 40-hour workweek. Last week, he earned $60 in tips. Which of the following is true?
Vincent does not have to report his tips for the week because they were less than $75.
Vincent's employer may not report his tips for income tax purposes.
Vincent's employer must pay him the tip credit because his wages and tips for the week were less than the federal minimum wage.
Vincent must file a request with his employer to have the tip credit applied to his wages for the week.
Because Vincent's earnings and tips combined for the week were less than the statutory minimum wage, his employer is required to provide him the tip credit. (Choice c)
By federal minimum wage, what do you mean?According to the Fair Labor Standards Act, the federal minimum wage is the lowest rate that an employer can pay an hourly employee (FLSA). The federal minimum wage for nonexempt employees in the United States as of July 24, 2009, is $7.25 per hour. The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a particular period and which cannot be reduced by a collective agreement or an individual contract is known as a minimum wage.
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