A Vertical line is placed on the graph intersecting at (60, 0).
The long-run aggregate supply curve is a vertical line at the economy's natural rate of output. The natural rate of output is the level of output consistent with the economy's natural unemployment rate. It is the level of real GDP that the economy gravitates toward in the long run. The long-run aggregate supply curve is vertical at the natural rate of output because the price level has no bearing on the economy's long-run level of real output.
Gross domestic product (GDP) is a monetary measure of the marketplace fee of all the very last items and offerings produced and bought (no longer resold) in a selected time period by nations. due to its complex and subjective nature, this degree is frequently revised earlier than being taken into consideration as a dependable indicator. GDP (nominal) consistent with capita does not, but, reflect differences in the price of living and the inflation quotes of the nations; therefore, the use of a basis of GDP in step with capita at buying power parity (PPP) can be extra beneficial while comparing living standards between nations, at the same time as nominal GDP is more beneficial comparing countrywide economies on the international market. total GDP can also be broken down into the contribution of each enterprise or zone of the financial system.
Critics frequently advocate opportunity monetary models such as doughnut economics which use other measures of success or opportunity signs consisting of the OECD's higher existence Index as higher strategies for measuring the impact of the economy on human development and properly-being.
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Identify which principle applies to each scenario by placing the appropriate label next to each scenario. After spending hours researching his choices, Mark decides on a laptop that will cost him $799. As he walks into his local retailer, a salesman presents him a laptop with marginally better features at the same price. However, Mark would have to do further research to verify that the new alternative is in fact better. As a result, he decides the laptop he previously decided on is good enough and buys it.
Charlotte delivers food for Bojangles, a fried chicken restaurant. Upon delivering a meal to a household during a major icestorm, the family, feeling sorry about Charlotte working in extreme weather, decides to give her a $20 tip for a $10 delivery
Cathy is a very good driver. In fact, she's never gotten into an accident in her life. However, every year she still takes out a car insurance policy.
(a)Bounded Rationality-After spending hours researching his choices, Mark decides on a laptop ..buys it
(b)Fairness-Charlotte delivers food...for a $10 delivery.
(c)Risk aversion-Cathy...car insurance policy.
What is bounded Rationality?
Bounded rationality is the theory that, given certain constraints, rational decision-making is constrained, leading rational people to choose a satisfactory course of action rather than the best one.
Limitations include the complexity of the decision-making problem, the mind's cognitive ability, and the amount of time available. According to this theory, decision-makers act as satisficers, seeking a satisfactory answer with what they currently have available rather than an ideal one. Humans therefore do not do a thorough cost-benefit analysis to decide the best course of action, instead opting for a solution that satisfies their adequacy requirements. An illustration of this is when employees in organizations are required to follow business policies; this might lead to constrained rationality because the organization is unable to select the best course of action.
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Cost of a Fixed Asset
Borges Inc. recently purchased land to use for the construction of its new manufacturing facility and incurred the following costs: purchase price, $82,000; real estate commissions, $4,800; delinquent property taxes, $1,500; closing costs, $3,300; clearing and grading of the land, $8,100.
Required:
Determine the cost of the land.
According to the provided statement on the cost of a fixed asset, Borges Inc. recently paid $ 99,700 for land that would be used for development.
What does "cost" mean?A cost is the worth of money that was used to make goods or provide a service and is thus no longer accessible for use in manufacture, exploration, retail, and accounting. In the context of an acquisition cost, the money spent on the acquisition is considered the cost.
Briefing:Given,
Purchase cost = $82,000
Real estate commission = $ 4,800
Delinquent property taxes = $1,500
Closing costs = $33,00
Clearing and grading of the land = $8,100
The cost of Land = $ 82,000 + $ 4,800 + $ 1,500 + $ 3,300 + $ 8,100
= $ 99,700
The right response, then, is $ 99,700.
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andshark, inc. sold a warehouse with an original cost of $150,000 for $230,000. the warehouse had accumulated depreciation of $40,000. the recognized gain on the sale was $. due to section 291 depreciation recapture, $ will be taxed as ordinary income and $ will be section 1231 gain.
Landshark, Inc. sold a warehouse with an original cost of $150,000 for $230,000. The warehouse had accumulated depreciation of $40,000. The recognized gain on the sale was $ $120,000. Due to Section 291 depreciation recapture, $ $8,000 will be taxed as ordinary income, and $ $112,000 will be Section 1231 gain.
Warehouse and the storage of goods play an important function within the logistics delivery chain across the world. not handiest do warehouses offer secure and cozy storage around the clock, additionally, they allow you to have your goods saved in a single central vicinity, which makes planning and establishing your logistics that lot easier.
Completes shipments with the aid of processing and loading orders. Prepares orders by means of processing requests and delivering orders; pulling materials; packing bins; setting orders in transport place. Completes deliveries by riding a truck or van to and from vendors.
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The general ledger and reporting system consists of the ________ involved in ________ the general ledger and ________ reports.
A) business transactions; updating; processing
B) data processing; business transactions for; printing
C) information processing; updating; creating
D) business transactions; data processing; preparing
Answer: C
The information processing required to create reports and update the general ledger is part of the general ledger and reporting system.
After all journal entries have been prepared, the general ledger step takes place. The journal entries are then posted to the appropriate general ledger accounts, such as accounts payable, fixed asset, and so on.
What kinds of data can be found in a general ledger?
A way to keep track of all of a company's financial accounts is through a general ledger, or GL. Typical accounts that are recorded in a GL are: expenses, equity, liabilities, assets, and income or revenue.
What is the reporting system and general ledger?
A company's accounting information system is centered on the general ledger and reporting system. It is primarily responsible for gathering and organizing data from the following sources: Information regarding routine transactions is provided by each of the accounting cycle subsystems.
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TRUE/FALSE. a value chain approach to management involves pursuing the goal of maximizing the value, while minimizing the cost, of a product or service to final customers.
TRUE a value chain approach to management involves pursuing the goal of maximizing the value, while minimizing the cost, of a product or service to final customers.
What does service mean?
Service is an act of kindness; it is work done by one person or group that benefits another. Providing assistance, advice, or support, delivering a product or service, or performing a task are all examples of service. Service is frequently thought of as an act of kindness or generosity, but it is also an essential component of many businesses and organisations.
What does an organisation mean?
An organization is a group of people working together in an organized way to achieve a set of goals. Organizations may be formal, such as a business or government agency, or informal, such as a club or volunteer group.
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john and wayne are well known economists who had vastly diverse opinions regarding the mortgage crisis. they both had access to the same information. however, john predicted that the crisis would improve dramatically in 5 years, while wayne believed it would take over 15 years to improve. these widely-varying predictions is one of the potential problems with using a
John and wayne are well known economists who had vastly diverse opinions regarding mortgage crisis. They both had access to the same information. However, John predicted the crisis would improve dramatically in 5 years, wayne believed it would take over 15. these widely varying predictions is one of the potential problems with using a qualitative method
What is Qualitative method?
The qualitative technique is used to comprehend people's attitudes, interactions, behaviours, and beliefs. It produces data that is not numerical. Researchers from several disciplines are paying more attention to the integration of qualitative research into intervention studies. The researcher's observations, questionnaires, focus groups, participant observation, field recordings, documents, case studies, and artefacts are all used to gather data for qualitative research. Most of the data are not numerical. Some of the most popular qualitative techniques are as follows: Observations: writing down in-depth field notes what you have observed, heard, or come across. Interviews: one-on-one talks in which questions are directly asked of participants. Focus groups: a forum for discussion and question-and-answer sessions.
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Sugar Quotas A Sour Deal For U.S. Consumers U.S. sugar farmers have enjoyed protection from imports since 1789 when Congress enacted the first tariff on imported sugar. The Sugar Act of 1934 gave U.S. farmers an even better deal by creating a quota on the amount of sugar that can be imported into the United States. The Farm Bill of 2018 continued that protection, limiting sugar imports to 1.2 million tons per year-just a fraction of the 11 milion tons Americans consume. As a result of that quota, U.S. sugar prices in early 2020 were about 10 cents a pound higher than world prices. That's great news for America's 4,700 sugar farmers but a sour deal for U.S. consumers and manufacturers, who pay more for all sugar products. U.S. candy producers have cut thousands of jobs and moved manufacturing plants to Canada and elsewhere, where sugar is cheaper. Analysts estimate that 3 manufacturing jobs have been lost for every 1 sugar job saved and consumers are paying $2 billion a year in higher sugar prices.
a. How much more are U.S. consumers paying for the 11 million tons of sugar they consume each year as a result of the quotas on sugar imports? (Hint There are 2,000 pounds in one ton.)
How much more are U.S. Consumer surplus for the 11 million tons of sugar they consume each year as a result of the quotas on sugar imports? =$10.91 billion
Consumer Surplus ΔP = Pmax – Pd, or the price at equilibrium where supply and demand are equal. Pmax = the price a consumer is willing to pay.
=11 million-21.91billion=$10.91 billion
Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. Consumer surplus occurs when consumers pay less for a commodity or service than they would be willing to. It gauges the additional gain that consumers experience as a result of paying less than they otherwise would have been willing to. Consumer surplus and producer excess can be compared. The concept of consumer surplus was developed in 1844 to measure the social benefits of public goods like national highways, canals, and bridges. It has been a vital tool for the study of welfare economics and the formulation of governmental tax policies.
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In many cities you can stay at a Holiday Inn in the downtown area, in a suburban community, or near the airport. These Holiday Inn establishments are examples of product differentiation by:
A.) type.
B.) location.
C.) style.
D.) quality.
In many cities you can stay at a Holiday Inn in the downtown area, in a suburban community, or near the airport. These Holiday Inn establishments are examples of product differentiation by: B.) location.
What is a community?
A community is a social unit (group of organisms) that has something in common, such as location, norms, religion, values, customs, and identity. Communities can use communication platforms to share locations in specific geographic areas (countries, villages, cities, neighborhoods, etc.) or virtual spaces. Beyond direct genealogical ties, enduring good relationships also define a sense of community that is important to identity, practice, and role in social institutions such as family, home, work, government, society, or humanity as a whole. increase. Communities are usually small compared to personal social ties, but "communities" can also refer to belonging to larger groups such as national communities, international communities, and virtual communities.
Therefore, In many cities you can stay at a Holiday Inn in the downtown area, in a suburban community, or near the airport. These Holiday Inn establishments are examples of product differentiation by: B.) location.
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which of the following terms describes the category of cloud computing in which a customer develops applications using development tools and infrastructure provided by the service provider
Platform as a service describes the category of cloud computing in which a customer develops applications using development tools and infrastructure provided by the service provider.
Depending on the nature of the project, a number of considerations need to be taken into account while choosing the appropriate development tool. Software development tools, which enable programmers (or system developers) design, alter, or test applications programs, are essentially computer programs that operate most frequently on personal computers. Text editors are a few of the often used software development tools. Assemblers/compilers. Project management tools are a collection of software created to assist project teams in project planning, project tracking, and project management in order to meet project goals within a given time frame. Additionally, it fosters productive teamwork and speeds up tasks so they can be completed within the given deadlines.
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Issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $110 in cash per share affects the accounting equation by ________________
-increasing total assets
-increasing total stockholders' equity
-increasing Additional Paid-in Capital
Issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $110 in cash per share affects the accounting equation by
increasing Additional Paid-in Capitalincreasing Assetsincreasing total stockholders' equity.shares are units of fairness possession in a company. For a few corporations, shares exist as a monetary asset supplying for an same distribution of any residual profits, if any are declared, inside the shape of dividends. Shareholders of an inventory that can pay no dividends do not participate in the distribution of earnings. In simple phrases, a proportion is a percent of possession in a organization or a economic asset. investors who keep stocks of any corporation are called shareholders. as an example; if the market capitalization of a organization is Rs. 10 lakh, and a single percentage is priced at Rs. In financial markets, a percentage is a unit of fairness ownership in the capital inventory of a employer and may talk to gadgets of mutual finances, constrained partnerships, and real estate funding trusts. share capital refers to all of the stocks of an agency.
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T/F a source of liquidity that arises from the liability side of firm activities is known as credit control.
A source of liquidity that arises from the liability side of firm activities is known as credit reserves.
When a company, organisation, or financial institution is unable to pay its short-term debt commitments, liquidity risk arises. There may not be enough bidders or an inefficient market, which would prevent the investor or company from selling the asset for cash without forfeiting money and revenue. a counter-account intended to finance anticipated credit losses. Reserve Credit is a clause that allows a cedent to claim statutory statement financial credit for 100% of the reserves that it cedes under a certain reinsurance arrangement in all jurisdictions where it files its financial statements.
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comparative advantage vs absolute advantage
A company's absolute advantage is its capacity to create more of a good or service than a rival. Comparative advantage: When a producer can create a good or service for less money than a rival.
What does a comparative advantage look like in practise?For instance, if a nation excels in producing both cheese and chocolate, they can choose to allocate the appropriate amount of labour to each product. This nation has a comparative advantage in producing chocolate if it takes one hour of labour to make 10 units of cheese and one hour of labour to produce 20 units of chocolate.
What is an illustration of an unbeatable advantage?Saudi Arabia is an obvious example of a country having an absolute edge over other countries since it has access to plentiful oil reserves. Other examples include Zambia, which has some of the richest copper mines in the world, and Colombia, whose climate is excellent for growing coffee.
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business as we know it could not exist without secured transactions because otherwise sellers and lenders would be less likely to sell and lend on credit.
True. The required answer for the given statement is True about sell and lend on credit.
What are the different types of credit?Installment credit, lines of credit, and unsecured credit are the three primary categories of credit. These are all financed through various borrowing and repayment structures. Installment credit is a sort of loan where you take out a single lump sum and pay it back over the course of a specific period of time with interest in regular set payments, or instalments.
With open credit, monthly payments are flexible and the entire debt is payable at the end of the each billing cycle. The amount owing on your power bill is determined on how much energy you used that month, making it a fantastic illustration of open credit.
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there are 150 new employees at a tech company in southern california. 30 employees are randomly assigned to each orientation group: a,b,c,d, and e. identify the numbers of each of the following:
In the sample space, 150 new people are working. In each event, 30 new staff are hired. The likelihood that you will select new hires who were placed in orientation group C is P(C)=1/5.
Describe probability.
According to the definition of probability, it is the likelihood that an event will occur multiplied by the proportion of positive outcomes to all outcomes.
Briefing
The probability = number of favorable outcomes / total number of outcomes.
According to the given situation, the required solution would be as:
Here n(S) = 150, and n (E) = 30
There are 150 new employees in the sample space i.e n(S) = 150
There are 30 new employees in each event i.e. n (E) = 30
The probability that you choose new employees that have been assigned to the orientation group C will be :
P(C) = n (E) /n(S)
P(C) = 30/150
P(C) = 1/5
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fat possum's service shop started the year with total assets of $330,000 and total liabilities of $240,000. during the year, the business recorded $630,000 in revenues, $420,000 in expenses, and paid dividends of $50,000. stockholders' equity at the end of the year was:
Stockholders' equity at the end of the year was $240,000.
Total assets refers to the whole quantity of assets in hand by someone or entity. Assets are things of value, that square measure gone over time to yield a profit for the owner. If the owner could be a business, these assets are sometimes recorded within the accounting records and seem within the record of the business.
Total liabilities are the combined debts and obligations that a personal or company owes to outside parties. Everything the corporate owns is classed as associate degree plus and every one amounts the corporate owes for future obligations are recorded as liabilities.
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4. Consider a D/M/1 queue, where arrivals occur every minute. Assuming the system starts empty (first arrival at time t 1 minute), we wish to estimate the probability that a customer has to wait. To simplify things, we will consider only the second customer. For a mean service time of 1 second, estimate the probability based on 1000 replications (a) using straightforward simulation (b) using simulation via importance sampling with mean service time of 1 minutes (c) using exactly analytical calculation. (d) explain how you would carry out (b) over all customers (instead of just the second).
By using simulation via importance sampling with mean service time of 1 minutes the estimation of probability of 1000 replications is done.
Simply put, probability measures how probable something is to occur. We can discuss the probabilities of various outcomes, or how likely they are, whenever we are unsure of how an event will turn out. Statistics is the study of events subject to probability. The area of mathematics known as probability deals with numerical descriptions of how likely it is for an event to happen or for a claim to be true. A number between 0 and 1 is the probability of an event, where, broadly speaking, 0 denotes the event's impossibility and 1 denotes its certainty. A probability is a number that expresses the possibility or likelihood that a specific event will take place.
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suppose you transfer $500 from your checking account to your savings account. with this transaction, m1 FITB and m2 FITB .
Suppose you transfer $500 from your checking account to your savings account. With this transaction, M1 decreases; and M2 stays the same.
How is the total change in M1 determined?
The M1 money multiplier can be calculated using the formula m 1 = 1 + (C/D)/[rr + (ER/D) + (C/D)]. When you have m, enter it into the equation MS = m MB. The money supply will therefore increase by $263,160 if m 1 = 2.6316 and the monetary base rises by $100,000.
Even though it is not frequently cited and is not related to the money supply, the monetary base (MB or M0) is a crucial monetary aggregate. It includes this same total amount of money in use as well as the portion of commercial bank reserves that are kept on hand at the central bank.
Therefore, With this $500 transaction, M1 decreases; and M2 stays the same.
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Linea, an employee of Hard Labor Industries (HLI), is injured in a work-related accident. Based on the diagnosis of Newt, a doctor, Linea accepts $50,000 from HLI and waives the right to future claims. Newt's diagnosis later proves to have been wrong.
Refer to Fact Pattern 14-A1. In terms of the impact on Linea's agreement with HLI, Newt's misdiagnosis is
Newt's misdiagnosis is a mistake of fact
What are Hard Labor Industries?
The 3.3 million workers in Washington are the focus of the Department of Labor & Industries (L&I), a varied state agency. We assist companies in adhering to safety and health regulations, and we inspect workplaces when dangers are reported.
According to the question:
Linea, an employee of Hard Labor Industries (HLI), is hurt at work and receives $50,000 from HLI in exchange for waiving all further claims when a doctor, Newt, makes a diagnosis.We are also told that Newt's original diagnosis turned out to be incorrect. Newt's incorrect diagnosis will invalidate Linea's settlement with HLI in terms of its effects.They will need to be convinced of the error of their ways in order to reach a settlement with Hard Labor Industries and ensure that Linea is not negatively impacted. As a result, the hospital should reach an agreement.
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prior to the national minimum drinking age act of 1984, arrest rates for duis among college aged individuals was 1 arrest for every 39 licensed drivers, after the law change, duis decreased 14%
The National Minimum Drinking Age of 1984, requires the state to prohibit persons under the age of 21 from purchasing or possessing alcoholic beverages in public as a condition of receiving state highway funds.
From the end of Prohibition until 1984, states established drinking ages; many of them were 21 years old, while several were discounted 18 years old to buy beer. That changed because of the baby boom and the Vietnam War.
The effect of changing the drinking age law on traffic accidents, injuries, and deaths has been thoroughly studied. These effects are relatively easy to assess for several reasons. Each law applied to all drivers throughout the state on a specific date, so crash results can be compared within the state, before and after the law, and with other states that did not change their laws at the same time.
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which of the following is a direct economic consequence that would likely occur if an area of forest was clear-cut so that a housing development can be built?
Decrease in the number of game hunting licenses purchased is a direct economic consequence that would likely occur if an area of forest was clear-cut so that a housing development can be built.
A hunting license or hunting permit is a legal or regulatory tool used to regulate and restrict hunting, both for profit and for pleasure. Game license is another name for a license designed exclusively for recreational hunting.
Hunting may be subject to informal restrictions such as unwritten rules, self-control, moral standards, or governmental regulations. The conservation of natural resources and generating cash from hunting license sales are two reasons why licenses are required (often, but not always, to dedicated funds).
There are various uses for hunting licenses. These include ensuring public safety, particularly for youngsters who may be both hunters and onlookers, managing the spread of animal-borne diseases, and regulating the use of wild animals (such as Lyme disease and rabies).
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HP a US based corporation exports computer printers to Brazil, whose currency, the reais (symbol R$) has been trading at R$3.40/US$. Exports to Brazil are currently 50,000 printers per year at the reais equivalent of $200 each. A strong rumor exists that the reais will be devalued to R$4.00/$ within two weeks by the Brazilian government. Should the devaluation take place, the reais is expected to remain unchanged for another decade. Accepting this forecast as given, HP faces a pricing decision which must be made before any actual devaluation: HP may either (1) maintain the same reais price and in effect sell for fewer dollars, in which case Brazilian volume will not change, or (2) maintain the same dollar price, raise the reais price in Brazil to compensate for the devaluation, and experience a 20% drop in volume. Direct costs in the U.S. are 60% of the U.S. sales price.
What would be the short-run (one-year) implication of each pricing strategy? Which do you recommend?
Answer:
Case 1: is better option.
Explanation:
I soled the question for you you can find the answer here attached.
I first case, Revenue is 8500000 and 34000000 in $ and rias respectively.
In second case revenue is 8000000 32000000.
So second option seems better.
Correctly complete the following statements. Independent demand and dependent demand differ in that
A. independent demand is certain and is determined from a planned production schedule for finished goods, while dependent demand is uncertain and therefore needs to be forecast.
B. inventory levels of independent demand items may be managed with a requirements philosophy, while inventory levels of dependent demand items may be managed by a replenishment philosophy.
C. finished goods typically experience independent demand, while components of a product experience dependent demand.
D. service firms experience dependent demand, while manufacturing firms experience independent demand.
Which of the following statements about ABC inventory classification schemes is FALSE?
A. "A" items typically represent the smallest group in terms of the number of items.
B. As little as 10â20% of the items may account for 60â80% of the annual dollar use.
C. "A" items often justify perpetual inventory recordkeeping.
D. ABC systems typically have more than three classes
If demand is derived from the demand for another good or service, it is reliant. Forecasting is necessary for independent demand, although requirements for dependent demand are derived from independent goods.
What distinguishes dependent items from independent items on a BOM?Items with independent demand are those whose final demand is set by the market, to put it simply. Items in this category are typically finished goods, whereas items with dependent demand are typically smaller components of finished goods.
What distinguishes an independent variable from a dependent variable?There are often two different sorts of variables in analytical health research. We focus on independent factors.
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Suppose a small business is using the hosted model for its enterprise software. Which of the following will not be an issue they will he worried about?a. designing of their products and servicesb. managing the hiring processesc. employing full-time IT professionals to manage its resourcesd. promoting and selling their products and services Clear my choice
Among the following which will not be an issue he will worried about employing full-time IT professionals to manage its resources.
What is an IT Professional?
IT professionals are the people who develop, test, install, repair, and maintain hardware and software within an organization. Some have an in-house IT team, but smaller businesses can hire freelance her IT experts for specific tasks.
What is the role of IT professionals?
IT professionals research, design, develop, implement, support, and manage computerized information systems, including software applications and computer hardware. Computer/IT Professionals are all those employed in the computer and IT fields, from software and hardware engineers, to specialists such as support personnel, network administrators, computer repair technicians, and computer science faculty members. refers to people.
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once a company has established a corporate social responsibility program, it is essential for the company to ______
once a company has established a corporate social responsibility program, it is essential for the company to assess how well it is working.
Corporate social responsibility (CSR) is a business model in which for-profit businesses look for ways to improve the social and environmental conditions while pursuing their own objectives, such as maximizing shareholder value and revenue growth.
Corporate social responsibility is traditionally broken into four categories: environmental responsibility, philanthropic responsibility, ethical responsibility, and economic responsibility.
A company or individual has a moral obligation to make decisions or take actions that are beneficial to and useful to society. This obligation is known as social responsibility. Corporate Social Responsibility, sometimes known as CSR, is the term used to describe social responsibility in business.
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One major advantage of organizing a business as a sole proprietorship is that:
• A. the business has an unlimited life span.
B. it is fairly simple to get the business started.
• c.
it is easy to quickly raise large sums of capital.
D. risk and liability are divided among many people.
The answer is B
One major advantage of organizing a business as a sole proprietorship is that it is fairly simple to get the business started. The Option B is correct.
What does sole proprietorship mean?Also known as an individual entrepreneurship, refers to a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity.
Some of the major advantage of a sole proprietorship includes:
easy to establish and get started.owner retains complete control of the business.no corporate income tax payments.less expensive than other business typesRead more about sole proprietorship
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During the year, a company had net credit sales of $100,000; past experience indicates that 0.5 percent of these sales, or $500, should result in uncollectible accounts. The entry to record this adjustment will include a debit to the ______ account in the amount of $500.
uncollectible accounts expense
The entry to record this adjustment will include debit to uncollectible accounts expense account in amount of $500.
What is an expense account?A right to compensation for money spent by employees for employment-related purposes is known as an expense account. George Washington, who declined to accept a salary and depended on an expense account to pay for his expenditures while serving as the military leader of the American Revolution, is credited with the invention of the expense account in the United States. The Internal Revenue Service has a number of rules that apply to accountable expense accounts. The account must serve a specific, specified business function. Spending from the account needs to be traceable, usually with the help of receipts. Any funds sent to the employee from the account that are not used for business-related expenses and are not properly accounted for must be given back to the employer.
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Dan received a letter from the IRS that gave him the choice of (1) requesting a conference with an Appeals Officer or (2) agreeing to a proposed tax adjustment. Dan received the:30-day letter.90-day letter.Appeals letter.Tax adjustment letter.None of the above.
Dan received a letter from the IRS that gave him the choice of requesting a conference with an Appeals Officer or agreeing to a proposed tax adjustment. Dan received the 30-day letter.
The individual has 30 days to accept or contest the changes made to their return before the IRS processes the changes and sends a bill for the outstanding balance due in the 90-day letter (Letter 525), which is when the IRS sends its assessed tax penalty.
This letter informs you that the IRS believes you have a filing requirement for the tax period for which your company failed to file a tax return. The letter informs you that the IRS has created a tax return on your company's behalf for the specified tax period.
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the five distinct service dimensions that customers use to evaluate how well a service meets or exceeds their expectations include reliability, responsiveness, assurance, tangibles, and
The five distinct service dimensions that customers use to evaluate how well a service meets include reliability, responsiveness, assurance, tangibles, and empathy.
What do you mean by quality of service dimension?Service quality is a measure of how well the services provided meet customer expectations. The definition of service quality and aspects such as what is concrete, reliability, responsiveness, safety and empathy.
Why is service quality important?It helps businesses increase sales by keeping customers happy and encouraging repeat purchases. High quality service reduces marketing costs as the company retains its customers. Retaining customers is more cost effective than acquiring new ones.
Which dimension of service quality is important to customer satisfaction?Evaluating the impact of service quality on customer satisfaction suggests that four dimensions of service quality need to be improved in order to increase customer satisfaction: reliability, responsiveness, safety and empathy.
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During the stage ____ of group development, group members begin to recognize and accept their roles, and understand the roles of other members. O conforming norming O performing O storming forming
During the stage norming of group development, group members begin to recognize and accept their roles, and understand the roles of other members. Therefore, the correct answer option is: B. norming.
What is group development?In Business management, group development is sometimes referred to as team development or team building and it can be defined as a strategic process which involves an establishment (forming) of an association of people who are saddled with the responsibility of working together as a group while directing their actions towards the accomplishment of a common goal, aim, and objective, either in the long-term or short-term.
What are the stages of group development?Generally speaking, there are five (5) major stages of group development and these include the following;
Forming stage.Storming stage.Norming stage.Performing stage.Adjourning stage.During the norming stage of group development, every member of the group recognizes and accept their authority, roles, and understand the responsibilities and roles of other group members.
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Answer: norming
Explanation:
The most popular visual aids for business presentations are
A) flip charts.
B) whiteboards.
C) electronic slides.
D) overhead transparencies.
The most popular visual aids for business presentations are electronic slides. Electronic slides likes graphs and charts. The correct option is (C).
What do you mean by the Visual aids in presentation?
Visual aids are something you can look at to help you learn something or recall information, such as a movie, model, map, or slides.
Visual aids are anything that can be seen, such graphs, pictures, videos, etc., that is used in addition to spoken information.
Depending on the goal of the visual aid, you might wish to: Summarize the information.
Graphs and charts, which are visual representations of data and its links to other data, are the most widely used visual aids for business presentations.
Therefore, the most popular visual aids for business presentations are electronic slides. Electronic slides likes graphs and charts.
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