The trial balance will not match if there’s a distinct difference between the amount posted in debit and the one posted in credit.
The $3,250 purchase of office goods on account was reported incorrectly in the journal as $2,350 debit to Office Supplies and $2,350 credit to Accounts Payable. A trial balance is a secretary worksheet in which the balances of all checks are collected into debit and credit regard column summations that are equal. A company prepares a trial balance periodically, generally at the end of every reporting period. The general purpose of producing a trial balance is to insure that the entries in a company’s secretary system are mathematically correct. A trial balance is frequently the first step in an inspection procedure, because it allows adjudicators to make sure there are no fine crimes in the secretary system before moving on to more complex and detailed analyses.
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on march 10, the stone company sold merchandise listing for $3,000 to the dillard company, terms 1/10, n/30. on march 14, $200 worth of merchandise was returned because it was the wrong size. on march 20, stone company received a check for the amount due. required record the journal entries mad
On March 10, when Stone Company sold merchandise listing for $3,000 to Dillard Company with terms of 1/10, n/30, the following journal entry would be made:
Debit: Accounts Receivable (3,000 x 90%) = $2,700
Credit: Sales (3,000)
On March 14, when $200 of merchandise was returned, the following journal entry would be made:
Debit: Cost of Goods Sold (200)
Credit: Accounts Receivable (200)
On March 20, when Stone Company received a check for the amount due, the following journal entry would be made:
Debit: Cash (2,700)
Credit: Accounts Receivable (2,700)
The 1/10, n/30 terms indicate that the customer, Dillard Company, must pay 1/10th of the total amount within 10 days of the sale and the remaining balance within 30 days. Therefore, the journal entry for the sale was recorded for the full amount but 90% of the amount was recorded as Accounts Receivable.
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The nation of Kona cultivates coffee beans and cassava, from which all their consumer goods are produced.
In 2010, 100 cups of Mocha Coffee cost $2.00 per cup, 50 quarts of sweet pudding cost $1.5 per quart, and 25 packages of Cassava Leaf salad cost $1.00 per package.
In 2015, 100 cups of MC cost $2.5 a cup, 50 quarts of SP cost $2.2 a quart, and 25 packages of CLS cost $1.2 a package.
The Kona people grow cassava and coffee beans, which are used to make all of their consumer items.
2010: $200 +$75 +$25= $300
2015: $250 + $110+ $30=$390
Which of the following best represents how actual gross domestic product (GDP) is calculated?Real GDP is a measure of a nation's annual economic production that takes inflation into account. The formula used to compute the U.S. GDP is as follows: GDP = C + G + I + NX (where C stands for consumption, G for government spending, I for investment, and NX for net exports).
Which of the following will be factored into the GDP estimate for the current year?Business investment, net exports, individual consumption, and government spending are the main components used to calculate GDP. Payments, acquisitions, and sales of old commodities, intermediate goods, etc. are not transferred in the GDP calculation.
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according to joel kotkin, what is one way migration has contributed to economic growth in the sun belt?
According to Joel Kotkin, migration has contributed to economic growth in the Sun Belt by bringing a large number of people and businesses to the region.
Kotkin argues that the Sun Belt, which includes states such as Florida, Texas, Arizona, and California, has experienced significant population growth and economic expansion in recent decades due to migration from other regions of the country.
This migration has brought a large number of people and businesses to the region, which has led to increased demand for housing, goods, and services.
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Discus the difference and similarities between Share capital, Term loans, Bonds, Deferred credit, Incentive sources, and Miscellaneous sources. Elaborate them with enough example based on our country Ethiopia.
Two methods of borrowing money for a business are share capital and loan capital. Debentures, the mortgage of business assets, unsecured loans, overdrafts, and bills of exchange are examples of borrowing by loan capital. The value of the corporation is indicated by its share capital.
What are the similarities and differences between equity and debt?
Debt is a financial term that describes sources of funds that are obtained through loans that demand interest payments. Being a lender's creditor in this way is a manner of becoming one.
Equity, on the other hand, refers to a method of financing a business venture through the issuance of company shares, with shareholders receiving dividends in exchange for their investment.
What distinguishes stock ownership from that of capital?
In contrast to shares, which are a partition of capital or equity, equity is capital invested by owners in the company.
It refers to the overall value of the business, whereas share refers to the amount of a contributor's investment in the enterprise.
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imagine a very large candy machine filled with orange, brown, and yellow candies. when you insert money, the machine dispenses a random sample of 25 candies. the candy manufacturer claims that 40% of the candies in the machine are orange colored
If N is sizable and is far from 0 or 1, the sample distribution of p is roughly regularly distributed. As a general rule, the approximation is accurate if N and N(1 - ) are both bigger than 10.
How many Orange Reese's Pieces are there?2. Reese's Pieces' predominant colors, according to Wikipedia, are 50% orange, 25% brown, and 25% red.
What changes does the size of the sample have on the p-hat distribution's shape?The square root's denominator contains the sample size n, therefore as sample size rises, the standard deviation raises as well. Finally, if the sample size n is large enough, the distribution of p-hat will have a form that is roughly normal.
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(figure 75-5: model of a competitive market) if there are external costs, a tax imposed on sellers will:
If there are external expenses, a tax levied on sellers will: reduce the equilibrium quantity, according to the figure Model of a Competitive Market.
Which of the following best describes an action that produces a negative externality?If an activity causes costs (damage or discomfort) for others who are not involved, it is considered to have a negative externality. Examples of harmful externalities Air pollution that harms people's health is produced by factories and automobiles. All vehicles slow down as a result of autos approaching congested freeways, which costs other drivers time.
What level of pollution is most beneficial to society?From an economic perspective, the last unit of pollution's marginal benefit must exactly equal its marginal cost for there to be no socially detrimental amount of pollution. The net advantages to society at this level are
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which of the following is an allocation base commonly used under the traditional methods for allocation of overhead costs?
Direct labor-hours is an allocation base commonly used under the traditional methods for allocation of overhead costs.
Labor: What Is It?In an economy, labor refers to the physical, intellectual, and social effort required to generate goods and services. In order to transform raw resources into finished goods and services, it provides the knowledge, labor, and service.
What is an illustration of labor?Work is the effort that individuals put forth in the creation of commodities and services. The effort of the waiter who delivers your lunch at a neighborhood restaurant and the engineer who created the bus that takes you to school are both examples of labor resources.
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which of the following occurs when one consumer sells directly to another consumer, such as in an online auction?
When a customer sells directly to another, as in an online auction, this is known as e-commerce.
How and why is e-commerce used?With the use of e-commerce, clients can select any good or service from any vendor, anywhere in the globe. As opposed to physical stores, you have a far greater selection. It is also priceless to have the flexibility to browse without being rushed or under pressure.
What is e-commerce and what advantages does it have?The electronic purchasing and selling of goods over the internet is known as e-commerce. Internet marketing, electronic payments transfers, and mobile commerce are just a few of the many advantages of doing business online that make it so popular.
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Inflation occurs when rising production costs add to the cost of final goods and services. What is meant by inflation?
The rate at which cost of goods and services is increasing in an economy is known as inflation.
What is inflation?Inflation is the term used to describe the rate of increase in the cost of goods and services within an economy. Inflation has a negative impact on society by driving up the price of basic goods like food. As soon as an economy has widespread inflation, both consumers and businesses begin to worry about potential future inflation. The Fed will adjust its monetary policy to combat inflation, which it targets at approximately 2%, if prices rise too quickly or significantly. Inflation could make you nervous since it lowers the worth of the money you've saved right now. Inflation reduces consumers' purchasing power, thereby making it difficult for them to retire.
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Which of the following, also called procurement, is considered to be at the heart of effective supply chain management?
a. Purchasing management b. Quality control c. Inventory management d. Automation e. Materials control
Purchasing management is considered to be at the heart of effective supply chain management, also known as procurement. Here option A is the correct answer.
Purchasing management, also known as procurement, is an essential aspect of supply chain management. It involves the process of acquiring goods and services from external vendors and suppliers.
Effective purchasing management is critical for ensuring that a company has the necessary resources to carry out its operations and meet customer demand. Procurement includes various activities such as identifying and sourcing suppliers, negotiating contracts, placing purchase orders, managing inventory, and monitoring supplier performance.
By effectively managing these activities, companies can minimize costs, ensure the timely delivery of goods and services, and maintain high levels of quality. This results in a well-functioning supply chain, which is essential for overall business success.
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when sharon was hired for her new sales position, she was provided a laptop to take with her when she traveled. she would be able to work and meet potential clients while away from her office.
Sharon was overjoyed to have the laptop to keep her linked and productive while she was away from her office while being in her sales position
She was also thankful for the convenience of being able to work on the go and show potential clients her presentations, slides, and other documents. Sharon was confident she could make a great impression and close more deals with her new laptop.When Sharon was hired for her new sales position, her employer provided her with a laptop to use while travelling. This was beneficial to Sharon because it allowed her to work on her tasks while away from the office and also meet potential clients. The laptop was a good investment for the company because it enabled Sharon to be more productive and efficient in her role, as she could take her laptop with her on the road and stay connected with her colleagues and customers. The laptop also allowed Sharon to access relevant information quickly, easily, and securely. Additionally, the laptop gave her the opportunity to present her company’s products and services in an effective and professional manner. Having a laptop with her on the road also allowed Sharon to stay organized and keep track of her sales goals, documents, and notes. All in all, Sharon's employer providing her with a laptop was a great decision, as it allowed her to work more effectively and efficiently while away from the office.
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Suppose that some firms in a perfectly competitive industry are incurring negative economic profits. In the long run, the:a) industry supply curve will shift to the leftb) number of firms in the industry will not changec) industry supply curve will not shiftd) number of firms in the industry will increase
In the long run option d- The number of firms in the industry will grow.
meaning they have to accept the market price for their goods or services. If firms are incurring negative economic profits, it means that their total revenue is less than their total cost of production, including normal profit (the cost of the opportunity to invest in another business). This situation is not sustainable in the long run, as firms will not be able to cover their costs and will eventually exit the market. When firms exit the market, the remaining firms will have less competition, which will enable them to charge a higher price, resulting in higher profits. The increased profits will attract new firms to enter the market, which will increase the number of firms in the industry, and this process will continue until the market reaches a state of long-run equilibrium, where all firms are earning only normal profits.
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Which of the following is an accurate comparison between email and new media?
A complete ban on trade with another country or a prohibition on trading specific types of products, services, or technology to another country called
An embargo is the partial or total prohibition of trade and commerce with a particular country/state or a group of countries.
Briefing:-The term "embargo" is derived from the Spanish word "embargo," which means hindrance, obstruction, etc. in a general sense, "trading ban" in trade terminology, and literally "distraint" in legal parlance.
What does a total prohibition on trading entail?Trade restrictions known as embargos are frequently used as economic sanctions by governments, groups of nations, or international organizations. Embargoes can prevent all trade or just some types of it, such imports of weapons.
Which trade restriction forbids or restricts trade between nations?Embargoes. Embargoes are situations in which one or more nations formally prohibit the commerce with another nation of certain commodities and services. This action may be taken by governments to further particular political or economic objectives.
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An investment company advertised that last year its clients, on average, made a profit of 9%. Assuming that average refers to the mean, which of the following claims must be true based on this information? Note: More than one statement could be true. If none of the statements is true, mark the appropriate box. O Last year some of their clients made a profit of exactly 9%. O Last year fewer than half of their clients made a profit of 9% or less. O Last year some of their clients made a profit of at least 9%. O Two years ago at least one of their clients made a profit of at least 9%. O Last year at least one of their clients made a profit of more than 5%. O None of the above statements are true.
The correct option is: Last year some of their clients made a profit of at least 9%. if, on average, its clients made 9% profit last year.
Explain the term mean of the data?The sum of the all the numbers divided by the total amount of values determines the mean (also known as the arithmetic mean, which differs first from geometric mean) of such a dataset.
The term "average" is frequently used to describe this measure of central tendency.
The mean can be calculated in two steps:
Add up all of the data set's values.By the total number of values, divide this number.Outliers are exceptional values that stand out from the majority of values as in data collection. Because the mean is calculated using all data, an outlier could have a significant impact on the mean by causing it to diverge from the majority of both the values.An investment firm claimed in an advertisement that, on average, its clients generated 9% profit last year.
Then, some of its clients earned profits of at least 9% last year.
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To offer its shareholders a privilege to obtain its shares at a fixed price, which of the following products does a corporate issue? A. puts. B. rights
Which of the following does a corporation issue is rights, giving its shareholders the opportunity to buy its shares at a set price.
Investors are important, so why?An entity that has contributed money to a business in exchange for a "share" of ownership is referred to as a shareholder. The representation of such ownership is by the common or preferred shares issued by the Corporation and held (or owned) by the Shareholder.
What actions do investors take?As part of their investment, shareholders fund the operations of companies with cash up front. You acquire shareholder status when you buy stock in an organization with a public listing. In exchange for cash, businesses give shareholders specific privileges regarding voting and corporate decisions.
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the tenant name and apartment number of each unit in a multi-family building can be found in this document...?
The tenant name and apartment number of each unit in a multi-family building can be found in the Rent roll. A list of lands, properties etc. owned by a person with the rents due on them is know as a Rent roll.
A rental agreement is a written rental contract between the owner of a property and a renter who wants to have temporary possession of the property; it differs from a lease, which is normally for a definite time. To establish the conditions of the renting, an implied, explicit, or formal rental agreement or contract is often included, which is governed and maintained under contract law.
Renting out real estate for the purpose of housing tenure, parking space for a vehicle(s), storage space, complete or sections of properties for business, agricultural, institutional, or government usage, or for other reasons are examples.
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which of the following enables businesses to transform themselves into an internet of things (iot) service offering?
Anything as a Service (XaaS) delivery model enables businesses to transform themselves into an Internet of Things (IoT) service offering.
Anything as a Service (XaaS) refers to a broad class of cloud computing and remote access services. It acknowledges the enormous variety of modern services, tools, and technologies that are offered to users online. In essence, every IT function may be turned into a service for use by businesses. Instead of being paid for upfront or through a licence, the service is paid for using a flexible consumption approach.
The network of physical items, or "things," that are implanted with sensors, software, and other technologies for the purpose of communicating and exchanging data with other devices and systems through the internet is referred to as the Internet of Things (IoT).
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---------------------- Correct question format is given below -----------------
(Que). What enables businesses to transform themselves into an internet of things (iot) service offering?
Do you agree with the 2018 supreme court decision to now make these online vendors charge sales tax?
I agrees that with the 2018 supreme court decision, these online vendors can charge sales tax to offset the Supreme Court verdict.
What was Supreme Court verdict on Sales Tax for Online Retailer?The Supreme Court ruled 5-4 in favor of South Dakota and against online retailer Wayfair, deciding that states can require merchants to collect sales taxes on online purchases. Online shoppers who live in one of the 45 states with sales taxes should have reported and remitted those levies to their state of residence.
The U.S. Supreme Court ruled that states can require internet retailers to collect sales taxes, even if the merchant doesn’t have a physical presence there. If you reside in a state with sales taxes, you were already required to report and pay ‘use taxes’ on your web-based purchases.
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acme widgets 3)finding variable manufacturing overhead variances acme widgets allocates vmoh based on mh: i.pohr for vmoh
Variations in manufacturing overhead Based on the variable overhead anticipated given the amount of hours worked, Acme Widgets allocates VMOH.
Spending on Variable Overhead Variance is the difference between the actual cost of variable production overheads and the expected cost given the amount of activity over a certain time period. Typically, the standard variable overhead rate is represented in terms of labour or machine hours.
The manufacturing expenses known as variable overhead move roughly in response to shifts in production output. The idea is used to forecast a company's future spending levels and to calculate the cheapest price at which a product should be offered for sale.
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when merchandise is returned for a refund or for credit to be applied to other purchases, the account called sales and is debited. (enter only one word per blank.)
When merchandise is returned for a refund or for credit to be applied to other purchases, the Sales account is debited.
When goods are returned for a refund or credit to be used on future purchases, the sales account is deducted?The account that is debited when merchandise is returned for a refund or for credit to be applied to other purchases is called Sales.This is because the refund or credit is essentially a reduction in the sales that have already been recorded.The credit is recorded as a decrease in the amount of Sales that has been recorded.This is recorded in the Sales account as a debit in order to balance the equation.For example, if a customer returns merchandise for a refund of $100, the Sales account will be debited for $100.This decreases the amount of sales that was previously recorded.At the same time, a credit is also recorded in the Cash account to indicate that $100 has been received from the customer.This helps to maintain the balance of the equation and ensures that the books are kept in balance.To learn more about The amount of the debit to the Sales account refer to:
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The Smiths have become increasingly alarmed by the changes occurring in their koi pond. The most recent concern is the reduction in the number of eggs. Which of the following statements is a plausible reason that would lead to a decrease in the number of eggs the koi are producing?
The farmer's market down the street has changed suppliers, and the produce is contaminated.
The farm next door practices flood irrigation, and runoff contaminated the koi pond.
The koi are unable to spawn because their reproductive system is impaired from pesticides the Smiths use to prevent termites.
Answer:
Which of the following trends related to fossil fuel use will most likely happen in the future? The developed world will increase its use of fossil fuels. In terms of emissions from power plant sources, natural gas is the cleanest fossil fuel. Organisms higher on the food chain are likely to have a greater concentration of toxic substances. Prolonged cloudy weather, drought conditions, overcrowded fish populations, excessive algal or other plant growths, and high water temperatures are the most common factors that combine to cause fish kills.
Explanation:
Answer:
II and III only
Explanation:
This was correct on the quiz! II and III are evidently correct (contamination, including perticides and other chemicals, can easily affect the reproductive system of organisms), I'm not sure exactly why I is incorrect. Perhaps it is because produce is made, and then collected and sold, and because it is taken away it does not interfere with the pond with koi. Perhaps.
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Which of the following are parts of the process of crafting effective business messages?1) drafting2) reviewing3) planning
The correct answer to the given question about process of crafting effective business message is option 1, 2 and 3 - Drafting, Reviewing and Planning.
When writing business messages, there is an obvious desire for you as a business owner to concentrate on what you want to say. However, this is not the best way to effectively communicate your message. Targeting the information that clients, consumers, employees, and other important stakeholders want to know will help you write persuasively by addressing their concerns, assuaging their worries, and motivating them to take action. Recognize Your Audience Identifying your target is the first step in preparing and writing a business message. Determine why they require hearing your message by focusing on their needs. If you're writing copy for an advertisement, generating a brochure, or developing a sales letter, this frequently centers around your key benefit. Provide a remedy, assist with action.
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(select all that apply) based on the text, what tools do ecologists use to study the environment? vegetation maps transit studies quadrat studies information from satellites topographic maps
Based on the text, the tools that ecologists use to study the environment are vegetation maps, transit studies, quadrat studies, information from satellites, and topographic maps. The correct options are a, b, c, d, and e.
The tools that ecologists use to study the environment are vegetation maps, transit studies, quadrat studies, information from satellites, and topographic maps. Ecologists investigate the interactions between plants, animals, and the environment.
A vegetation map is essential information for every land management, regardless of whether the property is managed for agriculture, forestry, or recreation, and it is important to almost every issue a land manager faces. It is used by an ecologist, in the same way the ecologist use transit studies, quadrat studies etc to study the environment.
Therefore it can be said that ecologists use to study the environment are vegetation maps, transit studies, quadrat studies, information from satellites, and topographic maps.
Thus the correct options are a, b, c, d, and e.
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The labor demand curve in a perfectly competitive factor market is the horizontal sum of all firms' _____ product of labor curves. A.marginal physicalB.marginalC.value of the marginalD.average physical
The labor demand curve in a perfectly competitive factor market is the horizontal sum of all firms' marginal revenue product of labor curves.
What does the word "revenue" mean?Revenue is the overall profit an organisation makes from its basic activities, such as the sale of goods or services, the rental of real estate, regular payments, the interest on loans, etc. Before subtracting any costs, like as discounts and returns, revenue calculations are performed. While both revenue and profit are positive indicators for your company, they are not the same thing. Both offer a crucial perspective on your company. Profit refers to net income after deducting expenses from earnings, whereas revenue refers to income produced through business operations.
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figure Positive Externalities and the Production of Semiconductor Chips. If the socially optimal production of chips is 500, the government could achieve the socially optimal level of production by granting a Pigouvian subsidy of:
A) $5.
B) $10.
C) $15.
D) $20
the government could achieve the socially optimal level of production by granting a Pigouvian subsidy of $20.
what does "subsidy" mean?A government payment made directly or indirectly to people or businesses is called a subsidy. This payment is typically made in cash or through a specific reduction in taxes. In accordance with economic theory, subsidies can be utilised to counteract externalities and market imperfections and increase economic efficiency. A government incentive, sometimes known as a subsidy, is a type of financial support given to an industry with the broad intent of advancing economic and social policy. The phrase "subsidy" can refer to any form of support, including implicit subsidies from NGOs or other sources that are not often associated with the government.
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Which of the following are included in the four major growth strategies?
(check all that apply.) multiple select question.
O Market development
O Market analysis
O Product development
O Market penetration
c. Product development . he following are included in the four major growth strategies A growth strategy is an organization's plan for overcoming existing and future problems.
in order to achieve its expansion goals. Increasing market share and revenue, acquiring assets, and upgrading the organization's goods or services are all examples of growth strategy aims. These are the following: Product, Placement, Promotion, and Price. Whereas the Four Ps focus on audiences, channels, and price, the Ansoff Matrix provides a more comprehensive perspective of markets and employs the older Four P framework inside each of the four Ansoff quadrants. Organic growth is comprised of four primary strategies. Market penetration, market development, product development, and diversification are examples of these tactics. Market Expansion: This approach entails selling more of a company's current products or services to its existing client base.
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There are needs arising for organizations as they set their business strategy and establish their strategic goals. It is critical to align the projects selected with the strategies and goals established. Recognizing organizations may have a number of different needs, there are many projects to consider.
What is a project?
How are projects selected?
Why do you think it is important to evaluate potential projects before proceeding to the formal project management life cycle?
A project brief provides a concise overview of the critical components of a project.
A project is a short-term undertaking with a precise aim or goal, typically starting to bring about a desired change or benefit. Projects are chosen according to how well they fit with the organization's strategic goals and objectives. Before starting the formal project management life cycle, it is crucial to assess new projects in order for the company to decide whether they are practical, worthwhile, and in line with its strategic objectives.
The organisation can more effectively manage resources, prioritise projects, and choose which projects to embark on thanks to this review procedure. It can also assist in identifying potential risks and difficulties connected to a project, enabling the business to create plans to lessen or prevent them.
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All of the following are practical ideas that marketing managers should consider when setting social media objectives EXCEPT:
A) promoting products and services
B) listening and learning
C) building relationships and awareness
D) creating static messages to reach mass audiences
E) reaching out to unhappy customers and engaging them directly
Customer engagement, increased revenue, enhanced customer experiences, and thought leadership positioning are the typical marketing objectives for social media. The correct option is E.
What should be the objective of the social media marketing?
You must take part in customer engagement by paying attention to what people are saying about your company on social media and then responding in a way that shows you value dialogue with prospects and clients. It goes beyond simply disseminating generic marketing material. One of your goals can be to generate revenue, however social media often only generates leads, not necessarily sales. One perspective on social media is as an elaborate PR campaign that typically doesn't result in direct sales.
Giving customers support is essential to enhancing their experience. You can swiftly respond by keeping an eye on comments on social media.
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_____ is the extent to which actually doing a job provides a worker with clear and direct information about how well he or she has performed the job.
Feedback is the extent to which actually doing a job provides a worker with clear and direct information about how well he or she has performed the job.
In the workforce of the construction business, a worker is a person who does physical labour tasks. Workers who make their living via wage work belong to a working class whose only real asset is their labour. Construction of structures including roads, buildings, bridges, tunnels, and railroad lines is an industry that employs employees. Assisting other crafts like operators or cement masons, labourers use hand tools, power tools, air tools, small heavy equipment, and blasting tools. A competent work force is equally as vital as any other component of building, according to the first-century BC engineer Vitruvius. The methods of labourers haven't altered much aside from the introduction of pneumatics.
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