To answer this question, we need to consider the terms MPC (marginal propensity to consume) and the multiplier effect.
Step 1: Calculate the multiplier.
Multiplier = 1 / (1 - MPC)
Step 2: Plug in the MPC value provided (0.75).
Multiplier = 1 / (1 - 0.75) = 1 / 0.25 = 4
Step 3: Calculate the total shift in the IS curve by multiplying the increase in G (100) by the multiplier (4).
Shift = 100 * 4 = 400
So, when G increases by 100 and MPC is 0.75, the IS curve for any given interest rate shifts to the right by 400. The correct answer is:
D) 400.
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The ledger of cullumber company contains the following balances: owner's capital $ 30,700. owner's drawings $ 1,700, service revenue $ 49,000, salaries and wages expense $ 26,500, and supplies expense $ 6,100. prepare the closing entries at december 31. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required select "no entry for the account titles and enter for the amounts:) date account titles and explanation debit credit dec. 31 (to close revenue account) dec. 31 (to dose expense accounts) dec. 31 (to close net income (loss)) dec. 31
Net income that needs to be reclassed to retained earnings
Date General Journal Debit Credit
Dec 31 Income Summary 16,400
Retained Earnings 16,400
Now, According to the question:
Closing journal entries are recorded at the end of an accounting period to close out the income statement accounts for the year and move the net income to retained earnings. The income statement is a companies revenue, expenses, and net income for a year and then the balances are closed out and moved to the balance sheet. An account called income summary is used for the closing journal entries. This is a temporary account. Once the revenue and expenses are moved to the income summary account and closed out to 0 then the balance in the income summary account is moved to retained earnings on the balance sheet. Retained earnings appears in the equity section of the balance sheet . To close out service revenue we must debit revenue to decrease the balance to 0 and credit income summary.
Date General Journal Debit Credit
Dec 31 Service Revenue 49,000
Income Summary 49,000
To close out the salaries expenses account and the supplies expenses account we must credit and expense account to make the balance 0 and debit income summary.
Date General Journal Debit Credit
Dec 31 Income Summary 26,500
Salary and Wages
Expenses 26,500
The difference between revenue and expenses is the net income (loss) and will be the balance in the income summary account after the closing journal entries are made. The net income needs to be moved to the retained earnings account which appears on the balance sheet.
Date General Journal Debit Credit
Dec 31 Income Summary 6,100
Supplies Expenses 6,100
$49,000 - $26,500 - $6,100 = $16,400
Net income that needs to be reclassed to retained earnings
Date General Journal Debit Credit
Dec 31 Income Summary 16,400
Retained Earnings 16,400
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(e) Recommend two ways in which communication could be improved in a large
organisation. Justify your recommendations.
Way 1:
Way 2:
Give suggestions I will write analysis and conclusion
The recommended ways to improve communication are given below:
The RecommendationsWay 1: Implement a centralized communication platform such as Slack or Microsoft Teams to improve collaboration and facilitate real-time communication across different teams and departments. This would enable employees to quickly and easily share information, documents, and updates, leading to increased productivity and more efficient decision-making.
Way 2: Conduct regular town hall meetings or all-hands meetings, where senior leaders can address the entire organization, provide updates on business goals and priorities, and answer questions from employees. This would help improve transparency and ensure that everyone is aligned on company goals and objectives, leading to greater engagement and job satisfaction.
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Why
business consider redundancy?
1 Reason (Explain with examples)
Redundancy is the process where an employer discharges or reduces the jobs of one or more workers due to the reduction of production in the company, a change in the direction of the business, or a merger or acquisition.
Redundancy in the workplace is an option for businesses to cut back on staff in times of economic uncertainty and a decline in business activity. Here are some of the reasons why business considers redundancy: Redundancy can save the business money in the short term by reducing employee expenses such as salaries, pensions, and bonuses. Redundancy enables the business to stay operational in the long term by making tough choices to ensure that it can weather the economic storms that come along.
For example, companies in the retail sector like BHS and Toys R Us closed their doors and laid off thousands of workers because they were unable to keep up with online competitors. Redundancy provides companies with the opportunity to remove underperforming employees who may be holding the business back or to restructure the workforce in a way that aligns with the current objectives of the company, for example, by increasing the number of technical staff in the business.
In conclusion, redundancy is a tough decision that most companies must face at some point in their lifespan. Although it can be emotionally difficult for employees, it can be the best course of action for businesses to stay afloat.
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Wall
QUESTION 5/10
Which of the following is the BEST reason to use cash for making purchases?
A. Knowing what you have spent your money on is simple.
C. Splitting bills with friends is easier.
B. Keeping track of how much you have spent is simple.
D. Getting more cash from an ATM machine is easy to do.
May 11
Knowing what you have spent your money on is simply of the following is the best reason to use cash for making purchases. The correct option is A.
When paying with cash, you have an easy way to keep track of and manage your purchases. When you keep track of your spending, you can make sure your money is being utilized wisely and you will know where it goes. You can learn why you're in debt and how you got there by keeping track of your spending. You can then use this information to create a debt relief plan that works for you.
Thus, the ideal selection is option A.
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What is TRUE about the prevalence of diversity in the modern workplace?
Diversity in the workplace has continued to increase.
Diversity in the workplace has continued to decrease.
Diversity in the workplace has shown no increase or decrease.
There is no data to track diversity in the workplace.
In summary correct option for this question is Diversity in the workplace has continued to increase.
Why is it?
There has been a growing recognition among organizations of the importance of diversity and inclusion in the workplace. With increased awareness, companies have made efforts to increase the representation of diverse individuals among their employees.
This has resulted in a trend towards increasing diversity in the workplace over the past few decades. Diversity in the workplace refers to the representation of people from different backgrounds, including race, ethnicity, gender, age, sexual orientation, religion, and more.
Having a diverse workforce can lead to many benefits, including increased creativity, innovation, and problem-solving abilities, as well as greater employee engagement and job satisfaction
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J. D. Power and Associates surveys new automobile owners to learn about the quality of recently purchased vehicles. The following questions were asked in a J. D. Power Initial Quality Survey. Comment on whether each question provides categorical or quantitative data. (a) Did you purchase or lease the vehicle? categorical quantitative (b) What price did you pay? categorical quantitative (c) What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average, Outstanding, or Truly Exceptional) categorical quantitative (d) What is your average miles per gallon? categorical quantitative (e) What is your overall rating of your new vehicle? (1- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional) categorical quantitative
Quantitative data can be measured in numbers, for example 20 miles for every gallon. While categorical data alludes to non-numerical responses, for example better caliber, better looks, and is generally obtained by picking one response from a gathering of available answers.
a. CATEGORICAL DATA
b. QUANTITATIVE DATA
c. CATEGORICAL DATA
d. QUANTITATIVE DATA
e. QUANTITATIVE DATA
Quantitative variables are any variables where the data address amounts (for example level, weight, or age).
Categorical variables are any variables where the data address gatherings. This incorporates rankings (for example finishing places in a race), classifications (for example brands of cereal), and binary results (for example coin flips).
Categorical data alludes to a data type that can be stored and distinguished based on the names or labels given to them. Numerical data alludes to the data that is as numbers, and not in any language or descriptive form. Also referred to as qualitative data as it qualifies data before classifying it.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
.You invest $5,000 today and are promised $6,500 in exactly 4
years. Calculate the monthly compounded nominal rate APR that you
are offered
Given data Principal amount (P) = $5000Future amount (A) = $6500Time (t) = 4 years Compound period (m) = 12 monthsRate of interest (R) = ?Using the formula for future value in monthly compound interest, we have;A = P(1 + r/m)^mtWhere, r is the nominal interest rate.
APR which is to be calculated and A is the future value.Arranging the above formula for r, we have;r = m[(A/P)^(1/mt) - 1]Now, substituting the values given in the question in the above formula, we have;r = 12[(6500/5000)^(1/12*4) - 1]= 1.37% (rounded to two decimal places).
Therefore, the monthly compounded nominal rate APR that the investor has been offered is 1.37%.
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Which vendor offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system
There are different kinds of vendors who offers various kinds of services. The vendor that offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system are SAP....Oracle, JDA software, and Ariba.
JDA Software is known to be a software and consultancy company. They are known to specializes in selling supply chain management products and services to businesses. Their goal is to help its customers optimize costs, achieve revenue growth etc.
Oracle is known as a company that is best known for its Oracle database software. It is a relational database management system, and also use for computer systems and software, such as Solaris and Java. It was said to be acquired in its purchase of Sun Microsystems in 2010.
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During the introduction stage, total industry profit is:__________
During the introduction stage of a product life cycle, the total industry profit is typically low or negative. This is because the market for the new product is still being established, and there is often a high level of uncertainty and risk associated with the introduction of a new product.
Companies must invest heavily in research and development, marketing, and promotion in order to build awareness and generate demand for the new product.
At the same time, competitors are likely to be entering the market, which can lead to intense price competition and pressure on profit margins. As a result, industry profits may be low or even negative during the introduction stage.
Despite the challenges and risks associated with the introduction stage, it is a critical phase in the product life cycle because it lays the foundation for future growth and success. Companies that are able to successfully navigate the introduction stage can establish a foothold in the market and position themselves for future growth and profitability.
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Which of the following decisions is supported by a logistics information system (LIS)?
a. Predicting an organization's future personnel needs
c. Determining portfolio structures
b. Minimizing capital investment risks
d. Selecting the best modes of transportation
d. Selecting the best modes of transportation.
How does LIS support which decision?A logistics information system (LIS) is designed to support the logistics and supply chain management functions of an organization. It helps in managing the flow of goods and services from the point of origin to the point of consumption by providing timely and accurate information. Selecting the best modes of transportation is an important decision in logistics management, and an LIS can provide the necessary information to make an informed decision.
Predicting an organization's future personnel needs, determining portfolio structures, and minimizing capital investment risks are not directly related to logistics and supply chain management, and therefore, not supported by an LIS.
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what features does each financial institutions have
Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions). Demand Function Supply Function p = 975 − 25x p = 40x
consumer surplus $_____ millions
producer surplus $_____ millions
The consumer surplus is $2,812.5 million, and the producer surplus is $4,500 million. Consumer surplus is the point where demand and supply function are equal.
To find the consumer and producer surpluses, we first need to find the equilibrium point, where the demand and supply functions are equal. So, we will set the two functions equal to each other and solve for x:
975 - 25x = 40x
Now, combine the x terms:
25x + 40x = 975
65x = 975
Now, divide by 65 to get the value of x:
x = 975 / 65
x = 15
Now that we have the equilibrium quantity, we can plug it back into either the demand or supply function to find the equilibrium price:
p = 975 - 25(15)
p = 975 - 375
p = 600
Now we can calculate the consumer surplus and producer surplus. The consumer surplus is the area between the demand curve and the price line, up to the equilibrium point. It is a triangle, so we can use the formula (1/2) × base × height to find its area:
Consumer Surplus = (1/2) × (15) × (975 - 600)
Consumer Surplus = 0.5 × 15 × 375
Consumer Surplus = $2,812.5 million
The producer surplus is the area between the supply curve and the price line, up to the equilibrium point. It is also a triangle, so we can use the formula (1/2) × base × height to find its area:
Producer Surplus = (1/2) × (15) × (600 - 0)
Producer Surplus = 0.5 × 15 × 600
Producer Surplus = $4,500 million
So, the consumer surplus is $2,812.5 million, and the producer surplus is $4,500 million.
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The NFIP Community Rating System is not mandatory; it is a voluntary incentive program that recognizes and encourages community floodplain management activities that:
exceed the minimum NFIP requirements.
are issued by the U.S. Corp of Engineers.
rely upon disaster assistance for help in meeting flood zone requirements.
use the requirements set down by HUD for flood planning and prevention.
The NFIP Community Rating System is not mandatory; it is a voluntary incentive program that recognizes and encourages community floodplain management activities that: exceed the minimum NFIP requirements. Therefore, the correct answer is: Exceed the minimum NFIP requirements.
The NFIP Community Rating System (CRS) is a voluntary incentive program administered by the Federal Emergency Management Agency (FEMA). The program is designed to recognize and encourage community floodplain management activities that go beyond the minimum requirements of the National Flood Insurance Program (NFIP).
The purpose of the CRS is to provide incentives for communities to implement floodplain management practices that reduce flood risks and protect lives, property and the environment. Communities participating in the CRS earn discounts on flood insurance premiums for their residents and businesses based on the level of floodplain management activities they undertake.
The correct option from the given statement is that the activities recognized and encouraged by the CRS exceed the minimum NFIP requirements. This means that participating communities implement measures and strategies that go beyond what is required by the NFIP regulations. These activities may include initiatives such as adopting higher regulatory standards, implementing comprehensive floodplain management plans, promoting public outreach and education programs, and undertaking flood mitigation projects.
It is important to note that the other options presented in the statement are incorrect. The CRS is not issued by the U.S. Corps of Engineers, does not rely upon disaster assistance for meeting flood zone requirements, and does not use the requirements set down by the Department of Housing and Urban Development (HUD) for flood planning and prevention. Instead, it is a voluntary program that provides incentives for communities to go above and beyond the minimum requirements of the NFIP in managing flood risks.
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The CEO of Starbucks claims that the workers in his firm are more productive than the workers in Peet's, which is why wages in Starbucks are "generally higher" We have samples of 144 Starbucks' emplayees and 169 Peet's employees. The average hourly wage is $12.25 for Starbucks workers, and $11.00 for Peet's workers. The sample variances are 25 for 5 tarbucks and 36 for Peet's. One wants to know if there is statistical evidence shawing that workers in Peet's have lower wages than workers in 5 tarbucks. 1. Let μs be the poculation mean for Starbucks' wages, and let μ
Pbe the population mean for Peet's woges. What are the null and alternative hypotheses for this test? a. H 0:μp−μ S=0 vs. H 1:μ p−μ s<0 b. H 0:μ P−μ S=0 vs. H 1:μ P−μ s>0 c. H 0:μ P −μ S=0 vs. H 1:μ p−μ S=0 2. What is the t-statistic for this test? 3. One would reject the null hypothesis at a 1% level if 4. Do you reject the nuil hypothesis at a 1% level? 5. What is the 95% confidence interval for μ P−μs? ? 6. Evaluate the following statement: "At a 5\% level and with a two-sided alternative, I can reject the null tivothesis that there is a one dollar difference between the mean wages of Peet's and 5 Starbucks t H a+μp−μ y=−1)
Null hypothesis, H0: μP - μS ≥ 0 (the workers in Peet's do not have significantly lower wages than Starbucks workers).
Alternative hypothesis, H1: μP - μS < 0 (the workers in Peet's have significantly lower wages than Starbucks workers).The null hypothesis claims that Peet's workers do not have lower wages than Starbucks workers.
The t-statistic for this test is -3.35.
One would reject the null hypothesis at a 1% level if the absolute value of the t-statistic was greater than 2.626.
Yes, the null hypothesis is rejected because the t-statistic (-3.35) is less than the critical value (-2.626).
The 95% confidence interval for μP - μS is (-2.69, -0.81).
This statement is incorrect. At a 5% level and with a two-sided alternative, we can only conclude that the null hypothesis (μP - μS = 1) is not significantly different from the alternative hypothesis
(μP - μS ≠ 1).
Since the null hypothesis falls within the 95% confidence interval (-2.69, -0.81), we cannot reject it.
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Which of the following does NOT explain why many people are not living on a budget?
People do not balance their checkbook on a monthly basis.
People find spending money a hobby and form of entertainment.
Or government is not modeling good budgeting skills.
People are unable to earn enough money to meet their financial obligations.
Answer:
People do not balance their checkbook on a monthly basis.
Explanation:
I just took the test
decide to seriously evaluate the potential for macro level intervention"" is the first substep in step 1 of the prepare process. true or false
The given statement is False. The statement "decide to seriously evaluate the potential for macro level intervention" is not the first substep in Step 1 of the PREPARE process.
The correct first substep in Step 1 is "define the problem and establish the need for action." In the PREPARE process, macro-level intervention refers to actions taken at a larger, systemic level to address a problem or issue. Before deciding to evaluate the potential for macro-level intervention, it is essential to first define and understand the problem, including its scope and severity, and assess the need for action. This includes identifying who is affected by the problem and how it impacts them, as well as understanding any underlying causes or contributing factors. Once the problem has been defined, the next substeps in Step 1 of the PREPARE process include conducting a situational analysis, which involves gathering data and information on the problem, and then prioritizing the problem based on its urgency and importance. Only after these substeps have been completed should one decide whether macro-level intervention is necessary and what specific interventions may be most effective. In conclusion, the first substep in Step 1 of the PREPARE process is to define the problem and establish the need for action, which is critical for ensuring that any subsequent actions taken are well-informed and effective.
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True. In the PREPARE process, the first step is "Decide to seriously evaluate the potential for macro-level intervention." This involves considering the broader context and determining if an intervention at a larger scale would be beneficial for addressing the issue at hand.
The first step in the PREPARE process is to "Define the problem and establish a team." The team is responsible for identifying the problem and determining whether a macro-level intervention is necessary.
Once the team has identified the problem, they can move on to step 2, which is to "Decide to seriously evaluate the potential for macro-level intervention."
This step involves deciding whether a macro-level intervention is necessary or whether other solutions can be implemented at a smaller scale.
Therefore, the statement in the question is not accurate as it swaps the order of these two substeps.
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S10-5. (Learning Objective 2: Record issuance of stock for cash and for services) On January 14, Roland Corporation issued 100,000 shares of its $0.01 par-value common stock # $28,000 and has agreed to accept 2,000 shares of its $0.01 par-value common stock in full the market price of $13.50 per share. Attorney Christie Mann invoiced Roland Corporation fe payment for this invoice. Roland Corporation issues the common stock to Attorney Mann on January 29 when the market price of the common stock was $13.70. Record the stock-issuanc /transactions for Roland Corporation.
The excess amount of the Roland Corporation payment for this invoiceis $27,380.
The stock issuance transactions for Roland Corporation can be recorded as follows:Jan 14Cash A/c $28,000 Common Stock A/c $1,000 (par value x no of shares)
Additional Paid-in Capital A/c $27,000 (the excess amount)
To record the issuance of 100,000 shares of its $0.01 par-value common stock for $28,000Jan 29Legal Services A/c $27,400 (2,000 x $13.70)
Common Stock A/c $20 (par value x no of shares) Additional Paid-in Capital A/c $27,380 (the excess amount)To record the issuance of 2,000 shares of its $0.01 par-value common stock to Attorney Mann in full payment of the legal invoice.
Reasoning:On January 14, the company issued 100,000 shares of common stock for $28,000 cash, and it also agreed to accept 2,000 shares of common stock in full payment of the invoice.
The market value of the common stock was $13.50 per share.On January 29, the company issued the 2,000 shares to Attorney Mann, which had a market value of $13.70 per share.
The amount to be recorded for this issuance is $27,400. The common stock will be recorded at par value, which is $20 (2,000 shares x $0.01 per share).
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What is one effective strategy for managing credit card debt?
O A. Spending your full credit limit before making a payment
OB. Ensuring that all of your credit card bills are paid on time
Oc. Replacing low-interest credit cards with high-interest options
OD. Paying only the minimum monthly payment on all credit cards
Answer:
D. Paying only the minimum monthly payment on all credit cardsExplanation:
I Hope That's correct :) ✓
Answer:
B. Ensuring that all of your credit card bills are paid on time
Explanation:
A credit card charge interests on outstanding balances and late payments, among other items. Interests in outstanding balances form a big proportion of credit card charges. Therefore, if one can avoid interest on these balances, their credit card charges will reduce greatly.
Paying the entire balance on the credit card statement ensures one does not incur any interest. Ensuring that all of your credit card bills are paid on time is the most appropriate way of managing credit card debts.
what are the advantages of interdependence in economics
Answer:
This affiliation allows specialist industries to thrive. And, the success can lead to job and wage/salary increases and an overall improvement to wealth and lifestyle
Roy's chick'n shack orders chicken from standard food supplier, but standard does not deliver. roy's will probably be unable to enforce the agreement if the parties:___.
Roy's chicken shack orders chicken from a standard food supplier, but the standard does not deliver. roy's will probably be unable to enforce the agreement if the parties did not specify a quantity term.
An agreement is a mutual expression of the agreement between two or more people. It is a meeting of minds for a common purpose, through offer and acceptance. Consent is expressed through words, actions, and even silence.
The act of reaching an agreement or mutual agreement. Agreed state. An agreement is accepted by all parties to a transaction. A contract or other document describing such an agreement. Consensus; Harmony of Feelings: Consensus among Faculty.
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Wilson, Inc. , has a current stock price of $44. 50. For the past year, the company had net income of $6,400,000, total equity of $21,610,000, sales of $39,300,000, and 4. 4 million shares of stock outstanding.
A) What are earnings per share (EPS)?
B) What is the price earnings ratio?
C) What is the price sales ratio?
D) What is the book value per share?
E) What is the market-to-book ratio?
Current stock price = $44.50
Net income = $6,400,000
Total equity = $21,610,000
Sales = $39,300,000
shares of stock outstanding = 4.4 million
1. Earnings per share:
= Net income ÷ shares of stock outstanding
= $6,400,000 ÷ 4.4 million
= $1.45
2. Price−earnings ratio:
= Market price per share ÷ EPS
= $44.50 ÷ $1.45
= 30.68
3. Price−sales ratio:
= Market capitalization ÷ Total sales
= ($44.50 × 4,400,000) ÷ $39,300,000
= $195,800,000 ÷ $39,300,000
= 4.982
4. Book value per share:
= Shareholder's equity ÷ shares of stock outstanding
= $21,610,000 ÷ 4,400,000
= $4.911
5. Market-to-book ratio:
= Market value per share ÷ Book value per share
= $44.50 ÷ $4.911
= 9.061
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
In recent years, there has been a renewed interest in the trait approach to determining leadership characteristics. which of the following statements is true about this approach?
a. The trait approach does not provide a definitive set of traits, but it does provide direction regarding which traits are desirable to a leadership position.
b. Leadership can be predicted by factors such as body shape and handwriting style
c. Recent studies have identified several new leadership traits, such as emotional intelligence, drive, and charisma
d. Early studies identified being short as a leadership trait Women and minorities have been well represented in the trait studies
According to the trait theory of leadership, leaders are defined by a set of innate or inborn traits. These characteristics could be psychological, physiological, intellectual, or other traits approach.
Characteristics like self-assurance, intelligence, ambition, perseverance, assertiveness, emotional stability, inventiveness, and motivation were frequently included in these lists of attributes. The leader is the only thing that the characteristic approach considers, not the followers or the circumstance. It would be more effective if personality tests were used to determine who was best for the job and that companies should have a leadership profile that they will use to follow up the tests on, as this makes the trait approach theoretically more straightforward than other approaches like situational leadership or leader-member exchange (LMX) theory.
Extraversion is the correct response in the space provided. It's because people tend to be more sociable and outgoing in situations where they are surrounded by people or in a social setting. This quality will make a leader more approachable and personable, which is likely to promote leadership effectiveness and emergence.
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What common tasks are performed by Manufacturing workers? Check all that apply.
preparing meals for factory workers
selling manufactured products
creating advertisements for products
designing products and processes
operating machinery
interpreting instructions
lifting and moving materials
Answer:
4 5 6 7
Explanation:
got it right on edge
Answer:
4. designing products and processes
5. operating machinery
6. interpreting instructions
7. lifting and moving materials
Explanation:
edge 2021 :)
stay safe and good luck <3
The following table shows the salary of 7 people in an office last year.
Name Income Andy £9500 Bevan £25000 Cheryl £13250 Deva £72000 Elliott £12750 Frankie £29500 Grace £11000 a) Work out the mean income to 2 DP.
b) Deva was given a large bonus for 30 years service.
Excluding Deva's income, what was the mean income for the remaining 6 workers to 2 DP?
Answer:
£16,833.33
Explanation:
The computation of mean income is shown below:-
Mean income = Total sum of salaries ÷ Number of workers
= £9,500 + £25,000 + £13,250 + £72,000 + £12,750 + £29,500 + £11,000
= £173,000 ÷ 7
= £24,714.29
Now, the Mean income excluding Deva's salary:
Mean income = Mean income
= Total sum of salaries excluding Deva salary ÷ Number of workers
= (£9,500 + £25,000 + £13,250 + £12,750 + £29,500 + £11,000) ÷ 6
= £101,000 ÷ 6
= £16,833.33
We simply applied the above formulas
if a bank has a capital to asset ratio of 0.1 and a return on equity of 10%, what is its return on assets?
The return on assets (ROA) of the bank is 1%
To calculate the return on assets (ROA) of a bank, we can use the following formula:
ROA = Net Income / Total Assets
We are given the return on equity (ROE) and the capital to asset ratio of the bank. The relationship between ROE, ROA, and the capital to asset ratio can be expressed as:
ROE = ROA x Leverage
where Leverage is defined as the ratio of Total Assets to Shareholders' Equity.
Using the above relationship, we can calculate the leverage of the bank as:
Leverage = Total Assets / Shareholders' Equity = 1 / Capital to Asset Ratio
Leverage = 1 / 0.1 = 10
Now, we can calculate the return on assets using the given return on equity and the calculated leverage as:
ROE = ROA x Leverage
10% = ROA x 10
ROA = 1%
Therefore, the return on assets (ROA) of the bank is 1%.
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Producing goods and services requires the use of resources.
true or false
Which of the following is an example of a company using channel management?
a company extends its store hours
a company creates different ads for different types of customers
a company uses a survey to get information about its customers
a company only sells its product online
An example of a company using channel management is option D: a company only sells its product online.
Channel management refers to the process of selecting and managing various distribution channels to efficiently and effectively deliver products and services to customers. In this scenario, the company chooses to utilize the online platform as its sole distribution channel to reach its target audience.
By focusing on the online channel, the company can optimize its marketing strategies, product availability, and customer service for that specific medium. This approach allows the company to cater to the specific needs of its online customers and allocate resources effectively. Additionally, this decision may result from the company's understanding of its customer base, as well as the potential for cost savings and increased reach offered by online sales.
However, it is essential for the company to continuously monitor and adapt its channel management strategies, as customer preferences and market conditions may evolve over time. To ensure optimal performance, the company must be ready to make adjustments to its online distribution channel or explore other channels if necessary.
In summary, a company using channel management would carefully select and manage its distribution channels to efficiently reach customers. In the given example, the company has chosen to sell its products exclusively online, focusing on optimizing the online sales channel to cater to its customer's needs and preferences.
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Which of the following is an example of a company using channel management?
A. a company extends its store hours
B. a company creates different ads for different types of customers
C. a company uses a survey to get information about its customers
D. a company only sells its product online
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A company using channel management is when it creates different ads for different types of customers.
Explanation:An example of a company using channel management is when a company creates different ads for different types of customers. This strategy is known as market segmentation, where the company divides its target market into distinct groups based on characteristics such as demographics, psychographics, or geographic location, and tailors its marketing efforts to each segment.
By creating different ads, the company is utilizing different channels to reach and communicate with specific customer groups effectively. For example, if a company sells both sports equipment and beauty products, it may run ads targeting athletes in sports magazines and ads targeting beauty enthusiasts in fashion magazines.
This channel management approach helps the company maximize its marketing efforts by ensuring that the right message is delivered through the right channels to the right customers.
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Perform online research and find a house you would like to own. Calculate the cost of utilities, services, maintenance, and insurance to buy the home.
(Answers may vary.)
I found an apartment in Chicago that I would like to rent. The monthly rent is $900, but there are other fees for me to consider as a renter. Utilities (electric, water, cable, internet access, etc.) cost $300 a month. Building services, including parking and access to the gym, cost $50 a month. Maintenance fees for the building are $25 a month. Renter’s insurance is $12. The cost of living independently in this Chicago apartment is $1,287 a month.
Explanation: edmentum sample answer