Which of the following is NOT one of the four reasons that we study OM?
A. we want to know how goods and services are produced
B. it is one of the three major functions of any organization
C. we want to understand what marketing managers do
D. it is such a costly part of an organization

The last two steps of the accounting cycle deal with closing the books at the end of the financial year.

What comprises the final four steps in the accounting cycle?

The accounting cycle is the method used to accept, record, group, and credit payments made and received within a company during a specified accounting period. Although the accounting cycle may appear difficult, lengthy, but, it is actually rather straightforward and simple. The process consists of four fundamental steps: transaction analysis, transaction recording, adding journal entries to the general ledger, and running an unadjusted trial balance report.

Making closing entries at the conclusion of the accounting period involves settling expenses, revenues, and temporary accounts. In order to do this, temporary accounts like expenses and revenue must be closed out, and the net income must be transferred to long-term accounts like retained earnings.

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To say that a given welfare program is means-tested implies that d: 'the more income one earns, the smaller the size of the benefit'.

The term welfare program refers to a government program that provides financial or other aid to individuals or groups of people who cannot support themselves. Welfare program helps people to cope with financial stress during rough time periods of their lives. A means-tested welfare program refers to a welfare program that is implicitly or explicitly conditional on the income of a beneficiary and/or wealth falling below a certain level. Usually, this level is determined taking into account the beneficiary's family composition.

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The correct procedure would be to debit cash over and short for the difference of $43.

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When a product is declining, the options that a company has include C) maintain, harvest, or drop the product.

When a product disintegrates as a result of slowing down or experiencing negative growth, it enters the decline stage of its life cycle.

Because of the most recent technology developments, modifications in customer wants, and impending trends, competition becomes too intense and sales decline. The sales rate decreases until maintaining the project is no longer financially feasible for us.

Due to increased competition or declining consumer demand, brands will see a fall in sales during the decline stage. This period is challenging to get through; often, businesses will either sell their business, cease their product, or find new ways to improve their product in an effort to boost sales.

This means that the company would therefore have the options of either maintaining the product, harvesting it, or dropping it.

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The demand curve of gasonline may shift to the left because of the development of a low-cost electric automobile (A).

Demand curve represents athe relationship between the product price and the quantity demanded for a given period of time. Demand curve can shift to the left and right depending on the market condition. The shift of demand curve can be caused by changes in tastes, population, income, price of subtitute or complementary goods, and market expectation about future conditions and prices.

Let's discuss every scenario we have.

The development of a low-cost electric automobile might shift the demand curve for gasoline to the left. A low-cost electric automobile is the subtitute product of a regular gasoline-based automobile, which is the main contributor for demand of gasoline in the market. When the market shifts its preferrences from the gasoline-based automobile to a low-cost electric automobile, the demand for gasoline will also be shifted to the left.

A large decline in the price of automobiles will raise the demand for gasoline in the market. Many people will increase their purchase of automobile because of the decline in the price. An increase in the automobil will lead to the increase of the gasoline demand and shift the demand curve to the right. It happens because automobile is the main contributor for the gasoline use.

The new discovery of vast new oil reserves in Montana will increase the gasoline supply in the market. The supply curve will be shifted to the right because the gasoline price would be cheaper since the quantity of gasoline supplied increase. The shift in the supply curve will also move the demand curve to the right where people will try to purchase their spending on the available products.

An increase in the price of train and air transportation will indirectly shift the demand curve for gasoline to the right. Train and air transportation as the subtitute of gasoline main user, gasoline-based automobile, will face decrease in their demand since the price increase. Directly, the decrease of the train and air transportation demand will affect the demand of gasoline-based automobile, then affecting the demand for gasoline as well.

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The best way for a data analyst to save time generating monthly reports for stakeholders is to create automated reports.

Automated reports are generated by software applications that take data from various sources and compile it into one comprehensive report. This report can be tailored to the specific needs of the stakeholders, such as the frequency of reports, the type of data to be included, and the format in which the data is presented.

Furthermore, automated reports can be customized to include visuals, such as charts and graphs, that help stakeholders understand the data more easily. This can save the data analyst a lot of time, as they don’t need to manually compile and analyze the data each month. Automating the report generation process ensures that the data is always up-to-date and accurate.

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Recruitment is not an element considered in the design of a store.

A business's floor plan and the positioning of its merchandise make up the store layout. When done well, store layout can have a significant impact on a customer's behavior, making it a crucial tactic for a company's success. Shape, color, space, form, line, value, and texture are among the basic components of any visual design or elements of design.

Together, these design concepts produce aesthetically beautiful products that enhance user experience. Site layout: This diagram illustrates how the building ought to be positioned. The department sizes in each block are displayed. Shows how furniture and workstations are arranged in the various departments in a detailed layout. Displays the layout of a workstation.

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Bond duration is mostly determined using the Macaulay duration and the modified duration. The weighted average period before a bondholder would receive cash flows from the bond is determined by the Macaulay duration.

Modified duration =Macaulay Duration/(1+YTM) =9.25/(1+11%) =8.33

Change in Price =-Modified duration*Change in YTM =-8.33*0.32% =-2.67%

In contrast, the adjusted duration gauges a bond's price sensitivity to changes in yield to maturity.The idea of duration, or the price sensitivity of a fixed-income asset to changes in interest rates, can be approached in a few different ways.

When using an immunization strategy, portfolio managers commonly employ the Macaulay duration, which is the weighted average term to maturity of the cash flows from a bond.

A bond's modified duration, which is a modified form of the Macaulay duration, is used to determine how long a bond will last and how much it will cost for each % change in yield until maturity.

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The correct answer is: A Political risk.

What is political risk?

Political risk is a type of risk faced by investors, companies, and governments in which political decisions, events, or circumstances could materially affect the profitability of business actors or the expectations of a particular economic activity. give. Political risks can be understood and managed with reasonable forethought and investment.

The term political risk has had many different meanings over the years. Broadly speaking, however, political risk is the potential that businesses and governments face as a result of what is commonly called policy decisions or “policy changes that change the expected outcomes and values ​​of a particular economy.” refers to some complexity. possibility of achieving corporate objectives”.

Therefore, The correct answer is: A Political risk.

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On the income statement, the statement that would be classified as a period cost is: C) Promotion Expense.

Period cost can be defined as those cost that is excluded in a product cost  and this occur because the cost are  non production cost or because the cost are not related to factors of production or what is needed for production to take place.

Promotion expense has to do with the expense a company incurred as a result of promoting their product or brand.

Therefore the correct option is C.

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Option c changes in the price of the goods do not cause a shift in the demand curve.

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the quantity required over a specific time period. The cost will often be shown on the left vertical axis, while the quantity required will typically be shown on the horizontal axis.

While a change in a good or service's price usually results in some change in the quantity demanded, it does not cause the demand curve to shift. Instead, it causes movement along a particular demand curve.

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If a person moves out of state while enrolled in an individual health benefit plan, it is not necessary for the plan to continue.

Finding new health insurance may be necessary if you move to a different state because certain policies may expire or stop providing coverage when you do.

It is still advisable to check the system of in-network providers even if coverage transfers. An extension of coverage may be available under the Consolidated Omnibus Budget Reconciliation Act (COBRA) program if health insurance coverage expires due to an interstate move.

Finding health insurance is now simpler according to the Affordable Care Act of 2010.

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The correct option is A. the downward trend in inflation in industrial countries over the last 25 years.

Inflation is an ascent in costs, which can be deciphered as the decay of buying control over the long haul. The rate at which buying power drops can be reflected in the normal cost increment of a crate of chosen labor and products over some timeframe. The ascent in costs, which is many times communicated as a rate, implies that a unit of cash successfully purchases short of what it did in earlier periods. Inflation can be stood out from collapse, which happens when costs decline and buying power increments.

An expansion in the supply of cash is the base of Inflation, however this can work out through various components in the economy. A country's cash supply can be expanded by the money related specialists by:

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The work experience can year 10s do research positions, volunteer work, and the creation of the company.

The term experience refer to learn the things and the knowledge. The experience are the necessary to the human life. The experience are the help in the future challenges. The experience are the built-in the human nature are the day to day. The experience is to learn bad and the good things.

According to the work experience, was the necessary of the human life. The work experience as the change the attitude and the behavior. The work experience on the particular field as the higher on the position to the work. The work experience of the person as the research positions, volunteer work, and the creation the company.

As a result, the work experience can year 10s do research positions, volunteer work, and the creation of the company.

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The following are fundamental ethical principles for professional accountants 1, 2 and 3 only.

Acting with integrity, objectivity, professional competence and due care, confidentiality, and professional behavior are the essential ethical norms that apply to all members of professional bodies. All members of the accounting profession are required to adhere to the basic ethical norms.

Any bias, conflict of interest, or undue influence from others should not be allowed to trump professional or business judgments by a professional accountant.

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A change in accounting standards for which the previously reported financial statements for periods used for comparison should be supplied.

Thus this is the type of accounting change.

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Inventory turnover is calculated to be 3.2. Inventory turnover is a measure of how efficiently a company is managing its inventory and turning it into sales. It is calculated by dividing a company's cost of goods sold (COGS) by its average inventory during a given period.

In this case, the company had sales of $15,000, cost of goods sold of $8,000, and an average inventory of $2,500. To calculate the inventory turnover, we will divide the cost of goods sold by the average inventory:

Inventory turnover = Cost of Goods Sold / Average Merchandise Inventory

Inventory turnover = 8,000 / 2,500 = 3.2

This means that the company has an inventory turnover of 3.2, which indicates that it is turning over its inventory 3.2 times during the year.

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A production process that is intended to be regenerative. The correct answer is option (c).

A circular economy is a way of producing and consuming goods that prioritises sharing, renting, reusing, repairing, and recycling already manufactured goods for as long as feasible. The circular market model actually promotes development, in contrast to many environmental models that advocate decrease in order to attain zero waste.

It represents a shift from the current model in which materials are extracted, turned into goods, and then thrown away. In a circular economy, resources are used less often, materials, goods, and services are redesigned to use less resources, and "waste" is recovered and used as a resource to create new goods and materials.

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option D Increased commercial travel directly adds to a country's GDP(gross domestic product).

This activity will have a direct impact on the GDP because it is directly a component of the personal/ private consumption. The money spent on travelling by people on commercial flights generates direct revenue for the country and thus it holds a direct influence on the gdp. Gross domestic product (GDP) is the most commonly used calculate the size of an economy. GDP can be compiled for a country, a region or for many countries together, as the case of the European Union (EU).India's Central Statistic Office calculates the nation's gross domestic product (GDP).  GDP is calculated with two various ways, one based on economic activity (at factor cost), and the second is expenditure.

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The complete question is:

Which of the following by definition directly adds to a country's GDP (gross domestic product)? Click or tap a choice to answer the question.

A - Growing population

B - Increased government borrowing

C - Discovery of untapped oil reserves

D- Increased commercial travel

Because shares of stock can be bought in tiny increments, even novice investors can take part in corporate fund-raising efforts.

A corporation is a business entity whose shareholders elect a board of directors to run its affairs. The corporation, not the shareholders, is in charge of the company's activities and financial situation. a large company run by a collection of companies as a single unit: a multinational corporation. UK Broadcasting Corporation

In order to create value over the long term, a corporation must conduct legal, moral, profitable, and sustainable business practises. This necessitates taking into account the stakeholders who are essential to its success (shareholders, employees, customers, suppliers, creditors, and communities), as determined. A corporation protects its owners' personal assets from liability more than any other type of entity. For instance, even if a company's assets are insufficient to cover its debts, its investors will not be held personally liable in the event of a lawsuit.

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A component of contributed capital are not the retained earnings. Thus, option (b) is correct.

The amount of money that stockholders put in a firm in exchange for newly issued shares of stock is referred to as contributed capital. Contributed capital, also known as terms of investment, refers to money and other assets donated to a corporation by stakeholders in exchange for a share.

The basic components of contributed capital are ordinary shares, preference shares, and additional capital; however, net profit were not included. The retained earnings are calculated using the industry's indirect and direct expenses.

Hence, the significance of the contributed capital, are the aforementioned.

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The Metaverse is a spatial computing platform that offers digital experiences as an alternative to or replica of the real world, as well as key civilizational aspects such as social interactions, currency, trade, economy, and property ownership

All built on blockchain technology. As marketers, we must understand that the metaverse is a disruptive technology that is constantly changing while also changing everything it touches. We can use it to change the way we advertise, our relationships with our stakeholders, the new products we create, and the economy market. A customer could hang out and shop in their avatar, experimenting with different colours, combinations, sizes, and other limitless options.

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Notes payable due in 2 years is not classified as a current liability account because it is for more than 2 years' time period.

What is current liability?

A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. Commonly, current assets—assets that are depleted within a year—are utilised to settle current liabilities.

Current obligations are shown on the balance sheet and are paid from the profits made by a business's operations. Accounts payable, short-term debt, accumulated expenses, and dividends payable are a few examples of current obligations. An obligation that must be paid off immediately is referred to as a current liability.

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The yield curve aids traders in their comprehension of the bond market. For instance, when interest rates are examined in relation to their tenor, it aids analysts and investors in making market assessments on the potential returns on investments in both short-term and long-term bonds.

This stage never lasts for very long since the yield curve quickly reflects the economic picture that the market has decided upon. When the yield curve is flat, you should purchase bonds with the lowest level of risk because investing in high-risk bonds would not benefit you in terms of yield.

The interest rates of bonds with similar credit quality but different maturity dates are plotted on a line called a yield curve at a specific point in time.

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The six instruments of monetary policy are the reverse repo rate, the reverse repo rate, open market operations, the bank rate policy (discount rate), the cash reserve ratio (CRR), and the statutory liquidity ratio (SLR).

Operations in the open market A monetary policy uses a variety of tools, including open market operations, requirements for bank reserves, and the discount rate, to accomplish macroeconomic objectives.

The Fed utilises monetary policy tools to promote economic growth while regulating the availability of money and total demand for goods and services. By influencing the amount of money available to consumers, businesses, and banks, monetary policy instruments can regulate the overall amount of money in circulation.

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The entire distribution is exempt from the 10% early withdrawal penalty, but it is subject to income tax. When funds are withdrawn to pay for higher education, there is no 10% early withdrawal penalty.

The majority of us undoubtedly believe that we are retirement experts. Isn't that simple? You no longer go to work every day so that you can relax at home, spend time with your grandchildren, or go on vacation. It ought to be a wonderful life, at least!

But did you know there are other choices for retirement? It exists. In point of fact, there are three distinct types of retirement:

standard retirement

Semi-retirement

Extremely durable retirement

Each type has a few critical qualifications, especially as far as your assumptions and the readiness standards you'll have to satisfy.

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Question-

A client, age 55, takes a $3,000 distribution from his rollover IRA to pay for a semester of college tuition for his 21-year-old son. Which one of the following correctly explains the tax consequences for the father?

a) The entire distribution is free from penalties and income taxes.

b) The entire distribution is subject to income tax, but it is free from the 10% early withdrawal penalty.

c) The entire distribution is subject to the 10% early withdrawal penalty, but it is free from income tax.

d) The entire distribution is subject to income tax as well as the 10% early withdrawal penalty.

The auditor should send out a third confirmation request and, if there is still no response, carry out alternative processes if a second confirmation is made to a significant customer who still doesn't answer.

The auditor should use alternate processes to the nonresponses when they have not been responded to positively in order to gather the evidence required to lower audit risk to an acceptable level.

The initial step would be to submit a second or third confirmation request if the audit team doesn't hear back regarding the confirmations that were sent. The audit team will be compelled to take alternative measures, such as liquidating the receivable, if the customer still doesn't respond.

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Economies of agglomeration refer to clustering of firms to take advantage of shared infrastructure, services and skilled workers. The correct answer would be option D.

Agglomeration economies, also known as external economies of scale, are advantages of concentrating housing and economic activity in specific places. All businesses can profit from a variety of characteristics, including good supply networks, a supply of trained personnel, infrastructure designed expressly for the industry, and good transport links, if a region specializes in the manufacturing of a particular sort of products.

Agglomeration economies cause people and businesses to frequently concentrate in specific places. People frequently relocate to cities, where there is a wider range of employment opportunities, social opportunities, and specialized services.

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Elaine's original basis in the Hornbeam partnership was $40,000. Her share of taxable income has been $70,000 and her cash distribution from the partnership is $80,000. Hornbeam allocated $1,000 of tax-exempt interst to Elaine. Elaine's current basis in her partership interest is $31,000.

Partnership interest is the percentage of a parternship owned by a member or individual. The interest represents each partner's right to make business decisions.

The basis of a partnership interest is the amount of cash plus the adjusted basis of any contributed property.

In Elaine's case, her original basis is $40,000. Her share of the taxable income is $70,000 and she has received $80,000 in cash distributions. Elaine then receive $1000 of tax-exempt interest. Then, Elaine's current basis in her partnership interest is:

Partnership interest basis = Original basis + Taxable income - Cash distributions + Tax-exempt interest

Partnership interst basis = $40,000 + $70,000 - $80,000 + $1,000

Partnership interest basis = $31,000

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