When comparing their opportunity costs for producing coffee, it can be shown that Nicaragua has a lower opportunity cost (1/6 of a barrel of rum as opposed to 1/2 barrel of rum for the Dominican Republic).
Why do people frequently choose to trade and specialize?Many people decide to specialize and engage in commerce because:
a). It can be shown that Nicaragua has a lower potential cost for manufacturing coffee than the Dominican Republic (which is 1/6 of a barrel of rum as opposed to 1/2 barrel). Nicaragua should consequently focus on coffee.
b). The lowest and maximum prices these nations will accept for coffee are 1/6 (0.167) of a barrel of rum per ton and 1/2 (0.500) of a barrel of rum per ton, respectively.
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in a production cost report using process costing, transferred-in costs are most similar to: multiple choice
Transferred-in costs are most comparable to material introduced at the start of the process in a production cost report utilizing process costing.
Give an illustration of the cost of production.To be referred to as a production cost, an expense must be incurred during the process of producing the good or service for sale. For instance, in addition to staff, raw materials, and equipment, a corporation might include rent in its production costs.
How are manufacturing expenses calculated?The cost of production, cost price, or production costs are obtained by adding up all of the direct and indirect costs incurred by a manufacturing unit. The calculation for production cost is shown below. Total production costs are comprised of labor costs, the cost of raw materials, and manufacturing overhead costs.
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a remittance advice contains a. documentation of medical necessity. b. provider qualifications and responsibilities. c. detected errors and omissions from claims. d. payment information about a claim.
A remittance advice contains d. payment information about a claim.
A remittance is a transfer of funds from one party to another. A remittance is broadly defined as any payment of an invoice or bill. However, the phrase is most commonly used nowadays to refer to a quantity of money sent home by someone working overseas to their family.
Money transferred as payment for a bill is referred to as a remittance. However, the majority of remittances involve sending money to family members. Foreign workers frequently send them to family members in their native nations.
The most popular method of remittance is through a bank's electronic payment system or an electronic money transfer provider such as Western Union. Users of these options are usually paid a fee.
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a company has denied for years that it bears any responsibility for damage allegedly caused by its trucks to public roads. no further actions have been taken by the company. this is an example of which corporate social responsibility strategy?
A company has denied for years that it bears any responsibility for damage allegedly caused by its trucks to public roads. No further actions have been taken by the company. This is an example Reaction corporate social responsibility strategy.
What is corporate social responsibility?Corporate social responsibility is a type of global private business self-regulation that tries to support philanthropic, activist, or altruistic societal goals by participating in or encouraging volunteerism or ethically sound business activities. CSR encompasses making a difference and adding value to the community. The concept of corporate social responsibility (CSR) holds that businesses should give back to the community and take into account how their actions will affect the environment and the general public. The four basic categories of CSR are economic responsibility, philanthropic duty, environmental responsibility, and ethical responsibility. Companies may, however, also take into account additional CSR initiatives, such as those focusing on employee engagement, governance, well-being, and diversity and inclusion.When an organization reacts, they try to uphold the status quo while denying or ignoring their obligations. A abrupt but typically brief upward or downward movement in the price of a stock is referred to as a response in the context of the financial markets. After a period of upward movement, technical analysts frequently refer to a downward movement in a stock's price as a response.To learn more about corporate social responsibility refer to:
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The nature of a business has a great impact on whether the organizational structure should utilize a wide or narrow span of control. For each of the following examples, indicate whether it should utilize a wide or narrow span by using the drop-down list.
Numerous benefits, including quicker decision-making, lower costs, and better communication with higher-level management, come with the broad range of control. A lower span of control, or tall structure, is an organizational structure with numerous levels of administration, while a narrow span of control denotes the opposite.
To accomplish organizational goals, actions must be delegated, supervised, and coordinated according to an organizational structure. Organizational structure provides the framework on which standard operating procedures and routines are created. It determines which individuals are allowed to participate in which decision-making processes and how much their input will affect the organization's operations. The organizational structure is the filter or point of view that individuals use to view their organization and its surroundings. Organizations are a class of clustered entities. An organization can be structured in many different ways, depending on its objectives. The organizational structure will dictate how an organization performs and runs. Organizational design enables the explicit delegation of duties .
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what are the main considerations to be made prior to the adoption of lean operations? multiple select question. how many employees can learn to speak japanese? cost and other resources required to convert to lean operations length of time to convert from traditional systems whether running on a tight schedule is desired
The following are the main considerations for establishing lean operations: (A) The length of time needed to switch from traditional systems. (C) if upholding a rigid schedule is preferred. (D) The cost and additional resources required to make the transition to
What are lean operations?Lean manufacturing is a production technique that primarily aims to shorten response times from suppliers and consumers as well as times spent in the production system.
It shares many similarities with another idea known as just-in-time manufacturing (JIT manufacturing in short). Just-in-time manufacturing prioritizes efficiency, productivity (with a commitment to continual development), and the minimization of "wastes" for the producer and provider of goods in an effort to match output to demand by only selling things that have been ordered.
The primary factors must be taken into account when implementing lean operations:
1. The time required to transition from conventional systems.
2. if maintaining a strict schedule is desired.
3. The price and other resources needed to make the switch to lean.
Therefore, the following are the main considerations for establishing lean operations: (A) The length of time needed to switch from traditional systems. (C) if upholding a rigid schedule is preferred. (D) The cost and additional resources required to make the transition to
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Complete question:
What are the main considerations to be made prior to the adoption of lean operations?
a) length of time to convert from traditional systems
b) how many employees can learn to speak Japanese
c) whether running on a tight schedule is desired
d) cost and other resources required to convert to lean
Fill in the blank
A bank with liquidity problems has too little ______. A bank with solvency problems has too little ______. To solve illiquidity the bank could ______.
To solve insolvency the bank must raise ______. Can a solvent bank be illiquid (yes/no) ______.
A bank with liquidity problems has too little insolvent . A bank with solvency problems has too little crisis To solve illiquidity the bank could crisis
To solve insolvency the bank must raise liquidity Can a solvent bank be illiquid (yes/no) no
A bank is a great example of a financial organization that gives credit because it offers and accepts demand deposits from the general population. [1] The bank can use capital markets to engage in direct or indirect lending activities.The majority of those countries have tight regulations governing banks since they are essential to the financial stability and economic health of those countries. The fractional reserve banking system, in which banks keep liquid assets that are only loosely equivalent to their current liabilities, has been institutionalized in the majority of countries. In addition to additional constraints intended to assure liquidity, banks are frequently subject to minimum capital requirements based on an international system of capital laws known as the Basel Accords.The fourteenth century saw the emergence of modern ideas.
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in which phase is 'storming', or a period of difficult or challenges where team members begin to get frustrated and impatient and question the viability of the project? select one: a. define b. measure c. analyze d. improve/design e. control/verify
Storming is a difficult or challenging time during the (C) analysis phase when team members start to become irritated and impatient and start to doubt the viability of the project.
What is storming?People begin to push against the established bounds during the storming stage.
As team members' genuine personalities and preferred methods of working come to the surface and collide with those of others, tension or conflict can also develop between team members.
The second stage of team growth occurs at this point when the group begins to work things out and win each other's trust.
When people express their thoughts, this stage frequently begins; if individuals on the team are given positions of power and authority, conflict may develop.
Members learn that the team can't fulfill all of their early excitement and expectations as they make progress toward their goals.
Their attention may divert from the work at hand to feelings of annoyance or rage at the team's performance or procedure.
Therefore, storming is a difficult or challenging time during the (C) analysis phase when team members start to become irritated and impatient and start to doubt the viability of the project.
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rachel is talking to her insurance agent about a property she is going to buy. if she purchases insurance, it will most likely cover the:
Rachel is talking to her insurance agent about a property she is going to buy. if she purchases insurance, it will most likely cover the
1. Physical structure of the property
2. Personal property
3. Liability and Additional living expenses
Physical structure of the property: This includes coverage for damages to the building itself, such as fire, storms, and theft.Personal property: This includes coverage for damages to personal property inside the building, such as furniture, appliances, and other personal belongings.Liability: This includes coverage for legal responsibility for injuries or damages that occur on the property, such as a guest being injured on the property.Additional living expenses: This includes coverage for expenses incurred if the property is uninhabitable due to a covered loss, such as temporary housing or meals.It's important to note that different insurance policies can have different coverage and exclusions, so Rachel will need to review the policy carefully to understand exactly what is covered and what is not. Additionally, she should also consider other factors such as the location of the property, its age and condition, and the risks associated with the area.
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Which of the following statements defines scarcity?
a. Scarcity refers to the situation in which unlimited wants exceed limited resources.
b. Scarcity is not a problem for the wealthy.
c. Scarcity is only a problem when a country has too large a population.
d. Scarcity only arises when there is a wide disparity in income distribution.
When there are not enough resources to satisfy everyone's requirements, there is a state of scarcity.
The term "scarcity" in economics refers to the idea that there are finite amounts of both human and nonhuman resources and that even the best technical knowledge can only be used to generate finite maximum amounts of each economic good. There wouldn't be any economic commodities, or comparatively scarce things, if the conditions of scarcity didn't exist and "unlimited amounts of each item could be manufactured or human demands entirely satisfied." A product or service that is scarce is one that the market or the general public may find to be in great demand. One individual's inability to purchase goods is another aspect of scarcity. Scarcity's opposite is abundance.
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you have chosen to take a trip during spring break. if you had not gone, you would either have worked at a temporary job or studied for exams. the opportunity cost of your trip is
E. We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.
Opportunity cost often referred to as the alternative is forgone, is the value, profit, or benefits that a person or organization forgoes in order to select or obtain something that is seen to be important at the time.
Simply put, it is the expense incurred as a result of forgoing the best alternative choice or alternative and failing to reap the benefits, profits, or value connected with it.
Therefore, the best alternative foregone must be defined or known in order to calculate the opportunity cost of something like a vacation.
Because of this, we are unable to calculate the opportunity cost in this situation without knowing whether you would have wanted to work or study.
Your opportunity cost, for instance, would be the earnings you would have made if you had invested the same amount of resources in a salon or another business instead of a restaurant, as the case may be.
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you have chosen to take a trip during spring break. if you had not gone, you would either have worked at a temporary job or studied for exams. the opportunity cost of your trip is:
A. the wages you would have earned from working.
B. the wages you would have earned from working and the lower grade earned by now.
C. the lower grade earned by not studying.
D. the value of the trip
E. We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.
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a dispute arises between the buyer and the seller regarding the disposition of escrowed funds. the buyer and the seller agree in writing with the broker that the matter should be submitted to a disinterested third party for the purpose of making a binding judgment in favor of either the buyer or the seller. the settlement procedure is called
the settlement procedure is called Negotiation, Mediation and Arbitration when a dispute arises between the buyer and the seller.
Direct negotiating between parties in conflict with the goal of resolving the conflict without the assistance of a neutral third party. Without without realising it, many real estate brokers use this DRS technique.
Mediation: In mediation, a neutral third party helps the parties to a dispute to reach a settlement that they can both agree on. By defining issues, using persuasion, and using other conflict resolution approaches, mediators aid the parties in reaching their own agreements rather than making decisions for them.
The most well-known DRS technique is arguably arbitration. The arbitrator, or a panel of arbitrators, who decides how the issue will be settled, is a neutral third party that the parties agree to submit any current or future disagreements to.
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which of the following are assumptions in the economic production quantity (epq) model? multiple select question. annual demand is unknown. usage occurs continually, but production occurs periodically. the usage rate varies. only one product is involved.
Using the following assumptions, the basic EPQ model determines the quantity of an item that will be produced: Continuous, well-known, and stable demand rate. Supply and demand are in an even or higher balance. Accepting all inquiries is necessary.
What is the EPQ model?The economic production quantity model, or EPQ model, determines how much inventory a company or store should acquire in order to cut costs overall.
What assumptions are made by the EPQ model?This method typically operates under the presumptions that all products are of the highest quality and that there will never be a shortage. Nevertheless, in the real world, every cycle of production will result in the production of flawed goods, and shortages and scrap are both likely. These assumptions will understate the amount that is actually required.
What are EOQ's underlying presumptions and restrictions?The EOQ formula has limitations due to the assumptions made in it. In real life, lead times and cost per unit of purchase of an item are likewise erratic. For the EOQ order to be effective, it is necessary for the demands to be constant throughout the year, which is not feasible.
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which of the following is the best example of competing on low-cost leadership? a. a firm produces its product with less raw material waste than its competitors b. a firm advertises more than its competitors c. a firm's research and development department generates many ideas for new products d. a firm's products are introduced into the market faster than its competitors' e. a firm offers more reliable products than its competitors
A firm produces its product with less raw material waste than its competitors s the best example of competing on low-cost leadership.
Hence, Option A is correct
The goal is to produce (or acquire) products or services of comparable quality at a lower cost than its rivals. Most customers will be drawn in by the lower price, which will enable it to make money off of the quantity of goods sold.Overall lower cost, also known as cost leadership, is a business strategy where a company stakes its competitive advantage on its ability to create, produce, and distribute goods more effectively than rivals.Walmart is a prime example of a low-cost leadership company. To keep costs down and, as a result, prices down, Walmart uses a top-notch supply chain management information system. The system used by Walmart also keeps shelves almost constantly stocked, resulting in high profits.To know more about leadership here
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the next model of a sports car will cost 5.1 %less than the current model. the current model costs $36,000. how much will the price decrease in dollars? what will be the price of the next model?
The average cost of a brand-new electric vehicle (EV) climbed in... than EVs, which again are frequently more expensive and opulent versions.
Why is it called electric?
The word "elektron," which signifies amber, is where it got its name. The yellow fossilised rock known as amber is found in tree sap. The Greeks discovered that light materials (like straw or feathers) will stick to amber when it was rubbed against wool. Static electricity is the name given to this type of electricity. The movement of electrical power or charge is known as electricity. It is a secondary energy source, meaning that we obtain it through the conversion of main energy sources like coal, natural gas, oil, nuclear power, and other natural sources.
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wellspring health and united coverage are two health insurance companies that have joined forces with one another to lobby against a new regulation that will affect their ability to deny claims. this action is referred to as
wellspring health and united coverage are two health insurance companies that have joined forces with one another to lobby against a new regulation that will affect their ability to deny claims. this action is referred to as coalition.
What is coalition?As a form of goal-oriented political cooperation, a coalition can be contrasted with an alliance and a network. An alliance suggests a robust partnership of at least medium-term duration, as compared with the more fleeting coalition. Alternatively, a network is a more informal but potentially broader grouping, suggesting more ad hoc cooperation than in a coalition but over a wider array of concerns.In coalitions, alliances, and networks, the actors involved—whether states in wartime, political parties in government, or nongovernmental organizations (NGOs) in political movements—each retain their distinctive identity and interests, but the purpose of collaboration across all three is ultimately the same: to aggregate actors’ strengths to achieve some shared goal that none could achieve individually. The coalition is, however, the most ephemeral of the three.
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when ford decides to increase production of hybrid cars, it directly answers the question. group of answer choices how for whom where what why
When ford decides to increase production of hybrid cars, it directly answers the economic question "what".
What are basic economic questions?Economists address the following three issues: (1) What goods and services should be produced to meet the needs of consumers? (2) Who should produce them and how should they be produced? (3) Who should be the recipients of goods and services?
Any system for allocating scarce resources is referred to as an economic system. The answers to these questions are determined by the economic system of a country.
Therefore, the question 'what' is answered when ford decides to increase production of hybrid cars.
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how is a held-to-maturity security reported on the balance sheet when there are expected credit losses?
To held-to-maturity security reported on the balance sheet when there are expected credit losses is by held-to-maturity security reported.
What is held-to-maturity security reported?Securities that are intended to be held to maturity are debt instruments, such as bonds, that the holder may and will hold. These have an amortized cost and are stated as such. Since the return is set, further fluctuations in market value are disregarded. Securities that are bought by businesses with the intent to retain them until maturity are known as held-to-maturity securities. They differ from trading securities or securities that are open for sale in that firms typically do not keep onto securities until they mature. Bonds and other debt instruments are the most popular held-to-maturity securities.
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during the planning meeting, what form or document sometimes reveals that a proposed tactic is too hazardous to attempt, and another tactic should be developed?
A Risk Assessment Form is a document used to identify and evaluate potential risks associated with a proposed tactic. This form can reveal if the proposed tactic is too hazardous to attempt, and can help guide the development of a more suitable alternative tactic.
The Risk Assessment Form typically includes an analysis of potential hazards, risks and consequences, as well as any recommended mitigating measures that can be taken to reduce or eliminate the risk. The process of determining what risks are present or could arise in the workplace, how they might cause harm, and what steps should be taken to minimise harm is known as risk assessment.
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professor warren researches whether providing government subsidies for daycare will increase the number of women that choose to enter the labor force. is this a microeconomic or macroeconomic question? group of answer choices microeconomic macroeconomic
This case of Professor Warren researching on providing government subsidies is microeconomic.
What is a subsidy?Governmental incentives and subsidies are both types of financial support provided to an economic sector (a corporation or an individual), usually with the intention of furthering economic and social policy. Despite the fact that a "subsidy" is often supplied by the government, it can also refer to help provided by NGOs or as implicit subsidies. The two sorts of subsidies that are offered are direct and indirect. They can also be general or specialized, legitimate or illegal, and morally upright or evil. The majority of subsidies are aimed at the producer or the consumer. Producer/production subsidies ensure that producers are better off by giving either direct support, market price support, or payments to the various parts of production.
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financial decisions of businesses and consumers are influenced as much by the state of the economy as by any other factors true or false
The state of the economy can significantly influence the financial decisions of businesses and consumers. Economic conditions such as interest rates, inflation, and unemployment can affect the overall level of economic activity, and this can in turn affect the financial decisions of businesses and consumers.
For example, when the economy is in a recession and unemployment is high, consumers may be less likely to spend money on non-essential items, which can affect businesses' sales and profits. In addition, when interest rates are low, businesses may be more likely to invest in expansion or new projects, while high interest rates can make borrowing more expensive and discourage investment.
Similarly, when the economy is growing and unemployment is low, consumers tend to have more disposable income, which leads to more spending, which in turn stimulates economic growth. Businesses also tend to invest more and expand when the economy is growing.
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a fund of hedge funds: a must invest at least 75% of its assets in hedge funds b must invest at least 90% of its assets in hedge funds c must invest in at least 10 different hedge funds d can invest in any number of hedge funds
There is no restriction on how the manager distributes invested funds among hedge funds in a "fund of hedge funds."
What are the requirements to invest in a hedge fund?An accredited investor or an institutional investor, such as a pension fund, must be present for an individual to invest in a hedge fund. A net worth of at least $1 million, excluding the value of their primary property, or an annual individual income of over $200,000 qualifies as an accredited investor. Hedge funds are private, actively managed investment funds that make investments in a variety of markets, financial instruments, and investment methods.
In addition to holding equities and fixed income instruments, hedge funds also own a wide range of other asset classes, such as real estate, currencies, and derivatives. Contrary to mutual fund daily redemption requirements, hedge fund investors may be subject to restrictions on share redemptions. A type of investment known as a hedge fund distributes a pool of capital among multiple asset classes.
Therefore the correct answer is option d ) can invest in any number of hedge funds .
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The complete question is -
A fund of hedge funds:
A. must invest at least 75% of its assets in hedge funds
B. must invest at least 90% of its assets in hedge funds
C. must invest in at least 10 different hedge funds
D. can invest in any number
the 80/20 rule (20 percent of users account for 80 percent of sales) targets what user group? question 7 options: a) all consumers b) heavy users c) moderate users d) light users
The 80/20 rule states that 20 percent of a product's users generate 80 percent of its sales.
What is 80/20 rule?Business leaders from all spheres of endeavor employ the 80-20 rule to assist in focusing their attention and locating the challenges that pose the greatest threats to their departments and organisations. According to the Pareto principle, or "80/20 rule," about 80% of outcomes result from 20% of causes. This article explains how you may utilise this idea to priorities chores and work on your business. The Pareto principle, sometimes referred to as the 80/20 rule, states that around 20% of causes account for 80% of the results of whatever action you may be taking. For instance, it's likely that 20% of the products or services you sell account for 80% of your overall sales.The 80/20 rule states that 20 percent of a product's users generate 80 percent of its sales. The product's most devoted users are these heavy users. A business is more likely to have a successful marketing plan if it can identify, cultivate connections with, and provide value for heavy users.To learn more about 80/20 rule refer to:
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In a two-column chart, list the economic changes that occurred in the North and South as a result of the Civil War. Explain how these changes affected the two regions.
Before the war, the North and the South had been at odds over the issue of slavery. Measures like the Missouri Compromise and the Compromise of 1850 had not succeeded in solving the issue.
The majority of the plantation labor, which was the backbone of the Southern economy, was done by African American slaves. On the other hand, the Northern economy was more reliant on manufacturing.The Southern states were concerned that the federal government would try to abolish slavery as abolitionism in the North grew in the 1850s.According to the Southern states, it is not within the purview of the federal government to decide whether slavery should be permitted in a given state.To know more about Government, click here:
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a corporation issued 230 shares of its $5 par value common stock in payment of a $3,100 charge from its accountant for assistance in filing its charter with the state. the entry to record this transaction will include:
A corporation issued 230 shares of its $5 par value common stock in payment of a $3,100 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include: A $1,950 credit to Paid-in Capital in Excess of Par Value, Common Stock.
The term "common stock" refers to the ownership shares in a US firm. Common stockholders, common shareholders, or simply stockholders or shareholders are terms used to refer to the holders of common stock. Only a small number of companies issue preferred stock in addition to their common shares.
The owners of common stock typically:
Select the board of directors for the company.
Consolidation ballots
Take part in changes in the market value of the shares of common stock, both up and down.
Obtain cash gains in order to meet the corporation's financial and cash needs.
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A useful clue about an organization's culture is Multiple Choice O found by seeing who is hired and who is fired, O the industrial environment O the macroenvironment O environmental scanningO information printed in the media
A useful clue about an organization's culture is found by seeing who is hired and who is fired.
What is organization's culture?The general definition of organisational culture is all of a company's beliefs, values, and attitudes, and how these affect how its people behave. What it's like for a customer to purchase from a business or for a supplier to cooperate with it is influenced by culture. The definition of organisational culture pertains to the structure, values, sociology, and psychology of an organisation, such as a business or non-profit. Philosophy, beliefs, expectations, and experiences are a few examples of organisational culture. What the company stands for and what it believes in defines a wonderful corporate culture. Employers must provide employees strong feedback on their efforts and give them a sense of belonging to something greater and better.
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diversification reduces your __________ by using a mix of investment types in your portfolio.
Diversification reduces your Risk by using a mix of investment types in your portfolio.
What is portfolio?A portfolio is a collection of financial investments such as stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). Most people think that the foundation of a portfolio is made up of stocks, bonds, and cash.To put it simply, a portfolio is a grouping of investments that includes stocks, bonds, cash, and other kinds of assets. Investments can be made in a variety of assets, such as stocks, bonds, and commodities; nevertheless, your portfolio is made up of all of these items. Your credentials, skills, experiences, and personality qualities are documented in an ever-evolving portfolio of documents.Along with examples of some of your best work, it also highlights and displays your life experiences, values, and accomplishments.To learn more about portfolio refer to:
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A business owner is considering different compensation plans for her sales force. Identify what schedule of reinforcement is reflected in each of the following plans, making sure you explain why each answer is correct.
- The owner will pay a $1,500 bonus each time a hundred units are sold.
- The owner will have a lottery each month. Each salesperson will get one lottery ticket for every one hundred units sold. The salesperson with the winning ticket will get $5,000.
- The owner will pay each salesperson a monthly salary that does not depend on units sold.
The $1,500 bonus plan has a fixed-ratio reinforcement schedule. For the same amount/number of sales, the salesman is always reinforced. The lottery design has a variable-ratio reinforcement schedule.
The salesperson has no idea how many sales are required to win the lottery jackpot. The monthly wage plan has a fixed-interval reinforcement schedule. Once a month, the salesman is reinforced. A fixed ratio is a reinforcement schedule. Reinforcement is given once a number of replies are completed in this timetable. The number of replies necessary remains constant. The schedule is designated as FR-#, with the number indicating the number of answers required to achieve the reinforceme variable-ratio reinforcement schedule. The salesperson has no idea how many sales are required to win the lottery jackpot. The monthly wage plan has a fixed-interval reinforcement schedule. Once a month, the salesman is reinforced.
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which statement is correct concerning the relevance of various type of controls to a financial audit? an auditor may ordinarily ignore a consideration of controls when a substantive audit approach is taken.
Controls over the reliability of financial reporting are ordinarily most directly relevant to an audit, but other controls may also be relevant.
What does it mean to be under audit?A tax audit by the IRS verifies that you are properly reporting income and expenses and that you are abiding by the law. In other words, the IRS is simply verifying your figures to ensure that there are no inconsistencies in your return. Also conducting audits on occasion are state tax officials.
What did an audit have as its goal?An audit's objective is to convey a conclusion regarding whether or not the financial statements are fairly presented in accordance with suitable accounting rules.
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An investor enters into a long position on four futures contracts, each having a current futures price of 27,800. All contracts expire one year from now. The investor is required to deposit 55,600 initially into a margin account, which represents 10% of the total notional value of the investor's position. There is no maintenance margin.
The notional value of the investor's position is 278,000. The initial margin deposit is 10% of this, or 27,800. The investor's margin balance after one month is the initial margin deposit plus any interest earned, minus any mark-to-market losses. The investor's margin balance is 27,800 + (27,800 x 0.07 x (1/12)) - (27,800 x (27,800 - 27,750) x 4) = 54,295.
What is a margin account?A margin account is an investment account in which the investor borrows money from a broker to buy securities. The investor must maintain a certain minimum balance in the account, known as the maintenance margin, and must pay interest on the loan. If the balance in the account drops below the maintenance margin, the investor must deposit additional funds or securities into the account.
What is mark-to-market accounting?Mark-to-market accounting is an accounting method in which the current market prices of securities are used to value a portfolio or investment. The portfolio's value is marked to the market price of its securities at the end of each period, and any gains or losses are recognized as income or losses in that period. This method allows investors to accurately track the performance of their portfolio on a daily basis.
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he selection of an appropriate inventory cost flow assumption for an individual company is made by
Pilihan jawaban
the external auditors.
the CICA.
the internal auditors.
management.
The selection of an appropriate inventory cost flow assumption for an individual company is made by management. The last option is the correct answer.
The following are some of the primary functions of management, which is a sort of organization that manages many types of business activities in order to achieve its objectives:
regulating the systemOrganizing the overall taskOrganizingAs stated in the question, when a company chooses the inventory cost flow in the system, it is known as management since it manages all of the inventory business for the many sorts of items and services.
Management is the right response, thus.
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