Peter Drucker introduced management by objectives in his 1954 book The Practice of Management.
The process of setting precise organizational goals that management can communicate to team members, then selecting how to accomplish each goal one at a time, is known as management by objectives.
To maintain a calm yet productive work environment, managers might use this technique to tackle tasks one at a time. Individual goals and organizational goals are aligned in this management system.
Employees are more likely to carry out their obligations when they are actively involved in formulating goals and selecting the course of action to be taken.
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suppose that michelle buys a cappuccino from paul's cafe and bakery for $4.25$4.25 . michelle was willing to pay up to $8.75$8.75 for the cappuccino, and paul's cafe and bakery was willing to accept $1.25$1.25 for the cappuccino. based on this information, answer the following questions.
The cappuccino cost $2.25 at Paul's Cafe and Bakery, but Michelle was willing to pay up to $8.75 for it. Given this information
Which "information" definition is the best?
information given or received concerning a particular event, circumstance, or fact; information about a crime; news. He is incredibly knowledgeable about general information. knowledge obtained via research, communication, inquiry, instruction, etc.; factual information.
Data is altered to become knowledge. Information is a group of processed data that has been gathered to address a particular requirement. Information is prepared, arranged, or presented in a certain context in order to make it comprehensible and useful.
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connor gave one of his employees a poor rating on a performance appraisal. the employee met all of her listed goals, but connor felt she did not interact well enough with her team members.
A skills inventory provides guidance for leaders and key decision makers on how to invest in an organization’s human capital.
What is a skills inventory?Employers can use skills inventories to identify any skills gaps and determine whether the abilities of their current workforce are adequate to achieve their objectives. Additionally, it aids HR professionals in directing the firm in such crucial areas as talent management, learning and development, and strategic workforce planning.
An organization's workforce is represented by a detailed record of their experiences, professional abilities, and educational credentials called a skills inventory. It is frequently based on self-evaluations by employees, skill evaluations carried out by the firm, or a mix of two techniques.
Employers can use skills inventories to identify any skills gaps and determine whether the abilities of their current workforce are adequate to achieve their objectives. The primary focal areas of recruitment, talent management, learning, and development are all aided by it as well.
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assume a marginal propensity to consume of 0.75. which of the following fiscal policies could correct the economic situation above? (5 points)
Based on the current economic condition, raising expenditure by $60 billion is the fiscal strategy that will remedy the problem.
This is a recession because aggregate demand is $400 billion whereas the long-term average should be $640 billion.
Aggregate demand is different in the following ways:
= 640 - 400
($240 billion)
This indicates that the government must spend money that will result in a $240 billion boost in aggregate demand.
The multiplier may be used to determine this sum:
= 1 / (1 - marginal propensity to consume) (1 - marginal propensity to consume)
= 1 / ( 1 - 0.75) ( 1 - 0.75)
= 4
This sum is= Multiplier / Recession Gap
= 240 / 4
$60.00 billion
Spending by the government should rise by $60 billion.
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The complete question follows
assume a marginal propensity to consume of 0.75. which of the following fiscal policies could correct the economic situation above? decreasing taxes by $60 billion increasing taxes by $80 billion increasing spending by $60 billion decreasing spending by $80 billion increasing spending by $240 billion
your lifelong friend, felix, plays several sports sponsored by the local park and recreation department. felix is very excited about your plan to open a golf shop and wants to support you in that endeavor. felix is not interested in working at the shop but has some savings and offered to make you a loan. this may be a solution to your needs for funds, if you do which of the following? check all that apply. even though the money is coming from someone who knows you well and trusts you, having a repayment plan and treating the loan as a business agreement is wise. the best way for a friend to be supportive of your new business is to become a co-owner of the business, rather than making a loan. to start a new business, it will be easier to obtain a loan from felix than getting a bank loan. borrowing money from a friend to start a business is never a good strategy; it usually results in disputes and harms the friendship.
Having a written agreement when borrowing money from a friend is an important step in ensuring a clear understanding of the terms of the loan. This will help protect both parties from any misunderstandings or disputes that may arise.
The contract should include details such as loan amount, repayment schedule, interest rate (if any), purpose of the loan and other related details. A written contract will also help manage expectations between both parties and provide a clear record of the loan in case of any legal disputes. A written contract will also ensure that both parties are aware of their rights and responsibilities and that the loan is treated as a business transaction, not a personal one.
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which of the following is a continuous variable? which of the following is a continuous variable? the amount of milk produced by a cow in one 24-hour period the number of gallon jugs/cartons of milk sold at the local grocery store yesterday the political party affiliation of an individual the number of employees of an insurance company
The amount of milk produced by a cow in one 24-hour period is a continuous variable.
Continuous variables are those that can take on any value within a given range. The number of gallon jugs/cartons of milk sold at the local grocery store yesterday is a discrete variable, as it can only take on whole numbers or integer values. The political party affiliation of an individual is a categorical variable, as it only takes on certain categories such as Democratic, Republican, Independent, etc. The number of employees of an insurance company is also a discrete variable, as it can only take on whole numbers or integer values.
The answer to the second question is "the number of gallon jugs/cartons of milk sold at the local grocery store yesterday." This is a discrete variable because it can only be measured in whole numbers, rather than in infinitely small increments.
The answer to the third question is "the political party affiliation of an individual." This is a categorical variable because it is a qualitative measure that cannot be measured on a numerical scale.
The answer to the fourth question is "the number of employees of an insurance company." This is a discrete variable because it can only be measured in whole numbers, rather than in infinitely small increments.
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Roza Munoz is the head of Maxwell House Coffee, a division of the Kraft Foods Company. Which of the following is not likely to be one of Ms. Munoza s responsibilities? a. Turning corporate-level strategy into action b. Defining Kraft Foodá s mission c. Deciding how to compete in the coffee industry d. Supervising functional-level managers e. Developing a business-level strategy
Roza Munoz is the head of Maxwell House Coffee, a division of the Kraft Foods Company. Defining Kraft Food's mission, business strategy is not likely to be one of Ms. Munoza's responsibilities. The correct option is B.
The business strategy is defined as the all the decisions which is taken and action undertaken by the business for achieving the larger vision. It is also defined as the strategic management.
The business strategy contains three stages which is the strategy formulation, strategy implementation and strategy evaluation. The responsibility of defining Kraft Food's mission comes under the role of leader or strategist.
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which of the following are positive ways a transparent workplace can be created by a leader in business? (choose every correct answer.)
From the following, the positive ways a transparent workplace can be created by a leader in business is by listening to the concerns of others, and by being reachable.
Creating a transparent workplace can be beneficial for both the leader and their employees. By listening to the concerns of the others and being accessible are two positive ways through which a leader can create transparency.
However, leaders in a business should also be open and be honest with their teams, and involve their employees in any important decisions, and also establish an open-door policy. Thus, the leaders should embrace also authenticity.
Hence, options A and C are correct.
The given question is incomplete, so the complete question is given here-
Which of the following are said to be positive ways a transparent workplace can be created by a leader in business?
A. By listening to the others concerns
B. By withholding information from employees
C. By being reachable
D. By not holding managers accountable
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to help employees accept new technologies like an information system, a manager will do all of the following except:
To help employees accept new technologies like an information system, a manager will do all of the following except Provide minimal rationale for the new system.
Option E is correct.
How does new technology affect employees?Organizations have been able to rapidly increase their productivity and efficiency thanks to the use of technology in the workplace. With digital tools, applications, and systems, processes that were once manual and time-consuming can now be completed quickly and effectively.
How do workers utilize technology?Utilizing technology aids in the resolution of issues that frequently hinder employee productivity, such as file management, report generation, and growth tracking. For efficiency, modern workplaces heavily rely on computer-aided tools. The amount of time and money required to complete the task can be reduced with the aid of these tools.
Question incomplete:To help employees accept new technologies like an information system, a manager will do all of the following EXCEPT:
a) Ensure employees find the system easy to use
b) Demonstrate that the system will allow them do more or better work for the same amount of effort
c) Train the user on the new system
d) Reward users of the new system
e) Provide minimal rationale for the new system
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on may 1, sellers marketing company received $1,500 from franco marcelli for a marketing campaign effective from may 1 this year to april 30 of the following year. the cash receipt was recorded as unearned revenue and at year-end on december 31, $1,000 of the revenue had been earned. assuming adjustments are only made at year-end, the adjusting entry on december 31 would be:
Assuming that the adjustments are only made at the year-end, the adjusting entry for the provided transaction would be a debit to Unearned Fees Account and a credit to Fees Earned Account for an amount of $1,000.
An adjusting entry can be easily regarded as a journal entry that takes place as a result of rectification of the adjustments that are realized much after the recording of original entries has been made. For the above transaction, the entry would be,
Dec. 31 Unearned Fees Ac. Dr. 1,000
To, Earned Fees Ac. 1,000
(Being adjusting entry for realized fees made)
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"Who Should be on the Change Management Team?" Assume you are a consultant hired for a small division in a company going through a radical organizational change. Based on the data provided in Data—Social Networks and Commitment to Change.Analyze: the structure of social network (e.g., density, sub-groups, and their connections), the key network roles of participants (e.g., central connectors and information brokers), and the implications for communicating/managing change the level of commitment to change of the employees (e.g., supporters, fence-sitters, or resisters) and the implications for communicating/managing changeThen- RespondBased on both analyses, list at least five people who you think should be included in the change management team.
Supporters and individual administrators are the two jobs that collaborate straightforwardly with people who need to change. The affected model crowds are the evident thespians in the change stage.
Backers and individual administrators convey correspondence, and backing and mentor groups through their advances.
To guarantee a positive outcome as a change supervisor, you ought to have broad involvement with getting ready conjectures and can liaise with staff, the executives, and the undertaking group to expand representative reception.
While the change administrator could conceivably have administrative obligations, they should work with and through numerous others in the association to succeed. Going about as a mentor for senior pioneers and leaders, the change supervisor assists them with satisfying the basic job of progressing the executives' support.
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Assume that the reserve requirement is 10 percent. Marwa deposits $1 million in cash into her checking account at First Bank. The deposit will initially increase excess reserves at First Bank byA $100,000 B $900,000 C $1 million D $9 million E $10 million
The deposit will initially increase excess reserves at first bank by C $1 million.
What is deposit?Deposit is an act of placing money into an account with a financial institution. It can be done in a variety of ways, such as cash, check, electronic transfer, and even debit card. Deposits form the basis for many financial transactions, such as borrowing and lending, investments, and savings. Deposits are often required for a variety of financial transactions, such as opening a bank account, taking out a loan, or making an investment. Deposits can also refer to the deposits of items other than money, such as stock certificates, bonds, or other securities. Deposits are typically held in an account and earn interest, allowing the depositor to earn money while their funds are held in the account.
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which of the following statements is correct regarding the effect of the generation-skipping transfer tax on transfers in trust? a trust can be a skip person if all future trust distributions can only be made to skip persons. a trust can be a skip person if all current beneficial interests in the trust are held by skip persons. a trust can only be a non-skip person. a trust can be a non-skip person if any non-skip person holds an interest in the trust.
Statements are correct regarding the effect of the generation-skipping transfer tax on transfers in trust -
A trust can be a skip person if all future trust distributions can only be made to skip persons.
A trust can be a skip person if all current beneficial interests in the trust are held by skip persons.
What is the reason for the generation-skipping transfer tax?
Gifts of property to a "skip person," whether made during a person's lifetime or after death, trigger the generation-skipping tax.
Someone who is two generations or less removed from the transferor is referred to as a skip person. The most typical skip individuals are grandparents and great-grandparents.
What benefit does generation-skipping offer?
A generation-skipping trust is an effective estate planning instrument, particularly for people with sizable estates.
They are an excellent strategy to save your family from having to pay inheritance taxes twice—once when the estate passes to your children and once again when it does so to your grandkids.
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matching. 1 . monopoly what a business has earned above all costs 2 . market the business of buying and selling. 3 . service a job where work is done for others. 4 . consumer merchandise or products bought and sold. 5 . goods the only seller of a particular good or service in a market. 6 . profit a person who makes purchases and uses goods and services
Answer: The correct matching would be-
1. Monopoly- the only seller of a particular good or service in a market.
2. Market- the business of buying and selling
3. Service- a job where work is done for others.
4. Consumer- a person who makes purchases and uses goods and services
5. Goods- merchandise or products bought and sold
6. Profit- what a business has earned above all costs
Explanation:
The explanation is quite evident. Monopoly is the right owned by a seller over his goods/services.
A market is a place where people buy or sell things and where the exchange of goods and services takes place.
Services are offered to consumers and for consumers.
A consumer is a person who buys goods and services to fulfill his everyday needs.
Goods are the products that are bought and sold, for example- furniture.
Profit is the amount earned after deducting all the costs.
in a scenario where we expect a shift in both supply and demand, if the demand for a product increases, the price will always increase.T/F
In a scenario where we expect a shift in both supply and demand, if the demand for a product increases, the price will always increase. This statement is true.
The shifts in both the supply and demand curves are roughly equal when the increase in demand is equal to the reduction in supply. In reality, the equilibrium quantity stays constant while the equilibrium price increases.
Growth in Demand The demand curve tends to move to the right when there is an increase in demand but no change in supply. At the previous equilibrium price, an excess demand condition develops as demand rises. As a result, there is more rivalry among the purchasers, which raises the price.
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Carol Co. prepares a statement of cash flows starting with net income and then adjusting for items that do not affect cash. Carol Co. is using the _______ method of reporting the statement of cash flows.
Incomes from working exercises make changes in accordance with total compensation and prohibit non-cash things like deterioration and amortization, which can distort an organization's genuine monetary position.
Under the accumulation premise of bookkeeping, total compensation is typically equivalent to net income from working exercises. An organization can switch net gain over completely to net income from working exercises through either the immediate technique or the backhanded strategy.
Deterioration cost isn't found in the supporting exercises segment of the income articulation as it is a working thing and changes in accordance with pay in the event that the backhanded technique is utilized.
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Answer: the indirect method
Explanation:
there is another term that you will often encounter when performing time value of calculations: type.the type term used in excel time value functions is used to represent the
The time value of money is a fundamental financial concept, and the term "type" is used to indicate when payments are due.
In a certain nation or socioeconomic setting, money is any tangible object or verifiable record that is commonly accepted as payment for products and services as well as repayment of debts, such as taxes. The main characteristics that set money apart are its use as a medium of commerce, a unit of account, a store of value, and occasionally as a benchmark for delayed payment. Since almost all modern monetary systems are based on unbacked fiat money with no inherent value as a good or service, money was historically an emerging market phenomena with intrinsic worth as a commodity. Since it has been deemed legal tender by a government or regulatory body—in the case of the US dollar, this means it must be accepted as payment inside the nation's borders for "all debts, public and private," as the term implies—its value is derived by social convention. The value of legitimate currency can be diminished by situations that undermine public faith, such as the proliferation of counterfeit notes or internal hyperinflation.
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This endorsement provides coverage to replace undamaged, obsolete, or discontinued siding and/or composition roof materials in the event of a covered loss.
O Fortified Roof Upgrade
O Guaranteed Replacement Cost
O Marring to Metal Roofs
O Limited Matching Coverage
O Limited Matching Coverage
The correct response is d. Limited Matching Coverage. Limited Matching Coverage replaces intact property with new, comparable property when the original vinyl, aluminum, or composite roof materials are dated or no longer available.
Countable or uncountable nouns can be used with coverage. The plural form will also be coverage in more widespread and typical settings. The plural form, on the other hand, can also refer to coverages in more particular settings, such as when discussing a variety of coverages or a group of coverages. The amount of risk or responsibility that an individual or entity is protected from through the use of insurance services is referred to as insurance coverage. Homeowners', life, and vehicle insurance are the three most popular types of insurance protection. The most popular insurance coverages are those for life, health, autos, and homes. Any news program or news update devoted primarily to the broadcasting or dissemination of news about current events is considered news coverage.
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The following information is available for completed Job No. 402: Direct materials, $70000; direct labor, $130000; manufacturing overhead applied, $60000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is A. $50000. B. $260000. C. $65000. D. $195000.
Direct Materials = $220,000
Direct Labor = $280,000
Manufacturing Overhead = $210,000
Total Product Cost = $710,000
Total Product cost per unit = $710,000 / 5,000 Units
Total Product cost per unit = $142 per unit
Finished goods on hand = (5,000 Units - 4,000 Units) * $142 per unit
Finished goods on hand = $142,000
A unit cost is the total amount of money spent to produce one unit of goods or services. This is calculated by combining fixed and variable costs for production or service delivery. It is usually easier to calculate total production costs per run or period of time and then divide the total by the number of units produced.
Understanding the cost of each unit produced is critical to ensuring your company's profitability. To calculate the cost per unit, add all of your fixed and variable costs together and divide by the total number of units produced during that time period.
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In processing a loan, a commitment for private mortgage insurance would be required if the down payment was less than:
Option c is correct. When processing a loan, private mortgage insurance approval is required if the down payment is less than 20%.
When applying for a private mortgage, the lender usually requires a down payment equal to his 20% of the purchase price of the home. If the borrower cannot afford to pay that amount, the lender views the loan as a riskier investment and requires the homebuyer to purchase his PMI, also known as personal mortgage insurance, as part of the mortgage process. There is likely to be.
PMI protects lenders in the event of major mortgage defaults and home foreclosures. The lender requires the borrower to pay her PMI if he can't afford his 20% down payment on the home. The PMI cost is 0.4% to 2.25% of the mortgage annually and is usually included in your monthly payment.
PMI can be removed once the borrower has fully repaid the principal of the mortgage. Homebuyers may be able to avoid PMI by piggybacking on a smaller loan to cover a down payment on top of their main mortgage.
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The complete question is:
In processing a loan, a commitment for private mortgage insurance would be required if the down payment was less than:
a. 50%.
b. 40%.
c. 20%.
d. none of the above.
Which of the following is not a factor that influences how frequently or infrequently capacity choices are made?Multiple Choicetechnological changesupply chain disruptionstability of demandproduct designcompetitive factors
Supply chain disruption is not a factor that influences how frequently or infrequently capacity choices are made.
What is supply chain disruption?
Any circumstance that prevents the manufacture, sale, or distribution of goods constitutes a supply chain disruption. Events like pandemics, regional conflicts, and natural disasters can all cause supply chain interruptions. Any interruption in the flow of a process involving any of the entities involved in the manufacturing, sales, and distribution of a particular good or service is known as a supply chain disruption.
Supply chain disruptions are now more pervasive and pose a threat to the stability of the economy in addition to being an industrial issue.
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On the given graph, it ________possible to plot the black point (plus symbol) on the coordinates representing 6 thousand boxes and a price of $10.
Consumer surplus is a financial estimate of the benefits that consumers receive from market competition.
When customers pay less for a good or service than they would be willing to, this is known as consumer surplus. If markets lacked competition, the consumer surplus would be lower and inequality would be higher. Less consumer surplus leads to higher producer surplus and more inequality. Consumer excess allows consumers to select from a wider range of items. Producer surplus is the overall profit made by a producer after producing and reselling a specific quantity of a good at market price. The total revenue a producer receives from selling their goods less the marginal cost of manufacturing is the producer surplus.
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zanda corp. had outsourced its production to a company located in asia. recently it decided to continue to outsource but bring the production back to a company located in the united states. this decision was likely made after zanda:
Zanda Corp. had outsourced its production to a company located in Asia. Recently it decided to continue to outsource but bring the production back to a company located in the United States. This decision was likely made after Zanda examined total cost of ownership.
How can one outsource?There are many jobs and services that businesses can outsource today. The development of software and applications, as well as technical support, are frequently outsourced information technology services. Customer and phone service services are frequently outsourced by them. They can also contract out for other kinds of work, such as processing payroll and handling human resources issues, manufacturing processes, and financial operations. Businesses may choose to outsource the entirety of certain departments, such as their entire IT division, or simply specific portions of that department.
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Business Strategy
One of the most important factors influencing the appropriateness of different organizational structures is the business strategy. Matching organizational structure to the business strategy leads to higher firm performance.
B. External Environment
Rapidly changing environments require more flexible structures to deal effectively with the constant changes. Firms facing a highly differentiated environment usually create different business units to best serve each market segment.
C. Organizational Talent
A third factor influencing organizational structure is the nature of the organization's talent. For example, a flexible structure is more appropriate if highly skilled workers need to work in flat, team-based structures to get the work done most effectively. Advertising and marketing firms are often organized into teams.
D. Organizational Size
An organization's size also influences its structure. Smaller organizations tend to be less bureaucratic than larger firms. Larger organizations tend to have greater specialization and departmentalization, greater hierarchy, and more rules than do smaller firms.
Behavioral Expectations
A fourth important factor influencing organizational structure is the organization's expectations of how employees should behave, and what attitudes it wants to encourage or suppress. This decision is based in part on the company's values.
Production Technology
A fifth factor influencing organizational structure is the organization's technology, or primary production system.
When a firm uses unit production, it produces in small batches or makes one-of-a-kind custom products. Employees' talents are more important than the machines being used, and it is difficult to specify rules and procedures in advance. In this case, a flat structure with a low managerial span of control is most appropriate.
When a firm uses mass production, it makes large volumes of identical products, typically using assembly lines and machines. In this case, a tall, bureaucratic structure with a large managerial span of control would be appropriate.
When a firm uses continuous production, machines constantly make the product and employees monitor the machines and plan changes. At the bottom of the organization, continuous production requires a mechanistic structure and low levels of supervision because machines do most of the work. The structure of a firm using continuous production is often tall and thin, or even an inverted pyramid.
Organizational Change
As organizations change their strategies and adapt to changing environments, they often modify and change their structures to support the changes.
This regression model accounts for around 40% of the volatility in orange harvest. The model forecasts that the orange harvest will be 74.4 tons if the average temperature in the month preceding this year's harvest is 64 degrees Fahrenheit.
If the average temperature were 1 degree Fahrenheit higher, the expected orange harvest would be 1.4 tons more. This indicates that an increase in 1 degree Fahrenheit in average temperature leads to an increase of 1.4 tons in orange harvest. The regression equation is oranges harvested = 30.2 + 0.40(average temperature). The intercept of 30.2 indicates that if the average temperature is 0 degrees Fahrenheit, the expected orange harvest is 30.2 tons. The slope of 0.40 shows that for every additional degree Fahrenheit in average temperature, the expected orange harvest increases by 0.4 tons. The R-squared value of 0.4 indicates that 40% of the variation in orange harvest can be explained by the variation in average temperature. This implies that other factors such as soil quality, weather conditions, and type of fertilizer used also play a significant role in determining the orange harvest. The researcher has gathered average temperature and harvest data from a sample of orange growers.
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Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. When the sculpture is delivered, Heidi has it inspected by an art appraiser, who informs her that the sculpture is a fake. When Heidi calls the art dealer to tell him the news, he is honestly shocked and appalled. What remedy does Heidi have in this scenario?a. Heidi has no recourse in this scenario because she accepted delivery of a non-conforming good.b. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.c. Heidi may sue the art dealer for specific performance and require the dealer to secure the original sculpture in any way possible.d. Heidi is only entitled to recover the money that she paid for the sculpture.
(b). Heidi has the right to receive her money back for both the sculpture's purchase price and the cost of having it evaluated.
As a result of the art dealer misrepresenting the sculpture as an original piece by one of Heidi's favorite sculptors when it was not, she has been the victim of a fraudulent transaction in this case. Heidi has the right to receive her money back for both the sculpture's purchase price and the cost of having it evaluated. This remedy is referred to as "rescission," which is the legal right to void a contract and put all parties back in their pre-contractual positions. Due to the fact that she accepted delivery of a non-conforming good, Heidi is helpless in this situation, is not accurate, as Heidi is not accepting the delivery of a non-conforming good, but a fraudulent good. The art dealer might be sued by Heidi for specific performance and made to take all reasonable steps to protect the original sculpture. is not accurate, as specific performance is a legal remedy that requires a person to fulfill their contractual obligations, but in this scenario, the dealer has no ability to provide the original sculpture as it doesn't exist. Only the money Heidi spent on the sculpture may be recovered, is not accurate, as Heidi is entitled to recover the purchase price of the sculpture and the money she spent to have the sculpture appraised.
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Thereare four ways that business is being integrated with mission. Identify which ofthe four ways best fits the descriptions below.a. Tentmaking c. Marketplace Ministryb. Businessas Mission (BAM) d. Microenterprise Development_____Values well-run businesses as redemptive in society.
Business as Mission (BAM) Values well-run businesses as redemptive in society.
Option B is correct.
What is mission-driven business?A strategy with the specific goal of transforming individuals and communities is known as "business as mission." spiritually, financially, socially, and environmentally – for God's glory, through profitable, long-lasting businesses with Kingdom of God values, goals, and effects. centered on transformation as a whole and the many benefits of economic, social, environmental, and spiritual outcomes; Concerned about the poorest and least evangelized populations in the world.
What role does the mission play in the business plan?Your company's mission statement explains what it does, how it does it, and who it helps. It shows how much your product or service is worth as a whole. Your company will realize its vision if it adheres to its mission. When writing your mission statement, keep in mind to be concise, clear, and specific.
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exercise 1-8 (algo) applying measurement principle and revenue recognition principle lo c2 byrde company purchased a truck. the seller asked for $14,000, but byrde paid only $13,000 after negotiation. the owner of byrde company believes he got a great deal and the truck is really worth $18,000. what amount does byrde record on its financial statements for the truck? snell company performs and completes services for a client in may and bills the client $4,000. in june, the client makes a partial payment of $1,800 cash for the services. in july, the remaining $2,200 cash is paid. determine the monthly revenue recorded in may, june, and july for this service.
Bryde company-
The amount that should be recorded on the financial statement for the truck is $13,000.
Given that,
The asked value is $14,000.
The Company paid the amount of $13,000.
The great deal amount should be $18,000.
Since the truck was purchased for $13,000 so the same amount should be recorded on the financial statements.
Therefore we can conclude that the amount that should be recorded on the financial statement for the truck is $13,000.
Snell company-
Here are the monthly revenues recorded by the Snell Company for this service to its customers in May, June and July:
May = $4,00
June = $0
July = $0
Data and Calculations:
Date of service completion and billing = May
Partial payment of $1,800 = June
Balance payment of $2,200 = July
Thus, Snell Company should recognize the revenue fully in the May.
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True/False the evaluative criteria are objective but not subjective product characeristics that are important to a specific buyer when purchasing a product?
It is true that evaluative criteria are objective but not the subjective product characteristics that are important to specific buyer when purchasing product.
What is a subjective product?The designer's personal emotions, ideas, and viewpoints have an impact on subjective product design. The major factors in subjective product design are artistic expression and appreciation of aesthetics. These design opinions, which are by definition subjective, can change from one designer to the next depending on their own expressive aesthetics, objectives, and preferences. Designers may sometimes utilize arbitrary product design in an effort to emotionally engage their audience. Depending on their opinions, different users' perceptions of the product may vary. While some people may react as their designer intended, others may have surprising sensations or emotions. Subjective design is important for branding, sales, and marketing since it can separate your product from similar functional competitors.
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In terms of distribution, when marketing channel members are engaged in buying, selling, and risk taking, they are performing __________ functions.
O facilitating
O affiliative
O logistical O marketing
d
The distribution company concept serves as a summary for possible business partners or investors and includes the transactional, marketing, and enabling activities.
They have enough knowledge from it to decide whether or not to carry out the suggested plan. As a result, your idea statement should grab the attention of your audience while also supporting the investors' choices.
Distribution is essential to a company's ability to satisfy its clients and turn a profit. Customer satisfaction from a distribution standpoint entails optimising time and place utility to the organization's suppliers, intermediate clients, and end clients. In other words, businesses strive to provide their goods to clients in the most efficient manners. Additionally, as households discover that their requirements are met by a greater variety and amount of items, the
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A general attitude toward shopping is called ________.
A) shopping addiction
B) shopping feeling
C) shopping psychology
D) shopping orientation
A general attitude toward shopping is called shopping orientation.
What is shopping orientation?In retailing research, personal shopping orientations have received considerable attention, often in combination with motivation-basedshopper taxonomies. Although shopping orientations and perceived shopping alternatives are often considered independent inputs intoa consumer’s choice model, it is argued in this paper that shopping orientations influence the perception of retail store attributes aswell as the attitude towards retail stores. An empirical study indicates that the effect of shopping orientations on attitude towards foodretailers is stronger than the effect on the perception of specific food store attributes. The different level of abstraction and emotion isused to explain this difference.Shopping behaviour is generally guided by consumers’ perceptions, not by objective reality (Schiffman and Kanuk 2004). The objective reality, e.g. a retail store with its characteristics,, is internally processed in the consumer’s mind.
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if a perfectly competitive firm and a monopolistic competitive firm face the same demand and cost curves, then group of answer choices both the perfectly competitive firm and the monopolistic competitive firm will attain resource-allocative efficiency. neither the perfectly competitive firm nor the monopolistic competitive firm will attain resource-allocative efficiency. the perfectly competitive firm will attain resource-allocative efficiency, but the monopolistic competitive firm will not. the perfectly competitive firm will attain resource-allocative efficiency, but the monopolistic competitive firm may or may not, depending upon the demand for its product. the perfectly competitive firm will not attain resource-allocative efficiency, but the monopolistic competitive firm will.
Perfectly competitive firm will attain resource allocative efficiency because it charges Price which is equal to its Marginal Cost. Thus, the output produced by the Perfectly Competitive firm is efficient.
What are monopolistic competition's two demand curves?
First off, despite the fact that both a monopolist and a monopolistic competitor face downward-sloping demand curves, the monopolist's demand curve is the market demand curve whereas the perceived demand curve for a monopolistic competitor is based on the degree of its product differentiation and the number of rivals it encounters.
What Is Monopolistic Competition?
When numerous businesses provide competing, similar-but-inadequate-substitute goods or services, monopolistic competition exists.
Entry barriers are low in monopolistic competitive industries, and decisions made by one firm do not directly affect those of its rivals.
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