Travis has completed high school. His application was denied by the fast food restaurant's employers since they were only employing college grads for the open position at the time. The process of credential inflation is illustrated by this scenario.
What does "credential inflation" mean?In order to understand credential inflation, sociologists have typically preferred to focus on the supply side of the equation. Credential inflation occurs when the growth in the number of people with high credentials exceeds the growth in the number of occupations requiring high educational attainment.
The US high school diploma's decline in value since the turn of the 20th century, when less than 10% of the population held one, serves as a great example of credential inflation.
What is our response to credentialism?Additionally, credentialism frequently results in non-credentialed workers using their abilities ineffectively. According to an NBER study, despite the fact that 16 million of the 71 million working high school graduates having the skills and capacity to work for high earnings, 66 percent of them were instead doing low- or middle-wage employment.
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Perfect competition is a theoretical construct. Outline some valid criticisms of this model
Perfect competition is thought of as a theoretical idea rather than something that applies to contemporary industry. This is solely attributable to the way that markets are naturally influenced by economic variables, which leads to a clustering of elements.
Criticisms of perfect competitionSome of the criticisms of perfect competition include:
It is frequently argued that the foundation of price theory for product markets, represents all agents as passive, omitting the active attempts to increase one's welfare or profits through price undercutting, product design, advertising, and innovation.Another criticism is that of who sets the price to be followed. The perfect competition model can thus be used to explain a centralized economy rather than a decentralized "market" economy. This implies that such a model is more closely related to communism than to capitalism.Another common criticism is that it is frequently untrue that shifts in supply and demand over the short term affect prices; this is especially true in the manufacturing sector, where production adjustments frequently occur without significantly affecting prices.Learn more on perfect competition here https://brainly.com/question/2964027
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identify the incorrect statement regarding the former communist nations of europe and asia. the economies of most of the former communist states are very strong and developed many of the former communist nations of europe and asia share a commitment to free market economies as a result of disturbing signs of growing unrest and totalitarian tendencies, the risks involved in doing business in these countries is very high for about half a century these countries were essentially closed to western international business
A false statement regarding the former communist nations of Europe and Asia is that the economies of most former communist states are very strong and developed. Here option A is the correct answer.
The statement "the economies of most former communist states are very strong and developed" is false. While some former communist states have made significant progress in their transition to market-oriented economies, many have faced significant challenges in achieving economic development and stability.
Many former communist states struggled with structural economic problems, including outdated production facilities and inadequate infrastructure, which have made it difficult for them to compete in the global marketplace.
Additionally, many former communist states experienced high inflation, currency devaluation, and other macroeconomic problems in the early years of their transition, which negatively impacted their economies.
Complete question:
Identify the incorrect statement regarding the former Communist nations of Europe and Asia.
A. The economies of most of the former Communist states are very strong and developed.
B. Many of the former Communist nations of Europe and Asia share a commitment to free market economies.
C. As a result of disturbing signs of growing unrest and totalitarian tendencies, the risks involved in doing business in these countries are very high.
D. For about half a century these countries were essentially closed to Western international business.
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Sandhill Company's financial information is presented below. Purchase returns and allowances $15680 Purchases $269500 Sales returns and allowances 10780 Ending inventory 31360 Net sales 470400 Cost of goods sold 284200 How much is gross profit
Based on the information given the gross profit is $186,200.
Gross profitUsing this formula
Gross profit=Net sales– Cost of Goods Sold
Where:
Net sales=470400
Cost of Goods Sold=284200
Let plug in the formula
Gross profit=470400-284200
Gross profit=186,200
Inconclusion the gross profit is $186,200.
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Match the factors that a company must look into while choosing an insurance company.
location of the company
diligent research
size of the company
customer complaint history
rating of the company
Answer:
Relevant: diligent research, customer complaint history, rating of the company.
Not relevant: size of the company and location of the company
Explanation: Just took the test and this is the correct answer!
If you were to start your own business mention four steps which will bring you closes to your goal.
When I start my own business, the steps that will bring me closer to my goals are:
I will conduct market research in the area of my business.I will write my business plan. I will make my business legal.Fund the business and choose the right location for it.Why start my own business?Starting your own business is known to be one that has a lot of financial benefits that is based on working for a wage or salary.
Conclusively, The steps a person need to take to build their business is that one need to have full knowledge about the business and make sure that the business makes profits.
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what is money placed in a checking account called
Answer:
bank account
Explanation:
1. Joanne wants to set up a cosmetic store in her community and therefore needs to collect data to determine the feasibility of this type of business. Identify the TWO main types of research data she would need to gather in order to establish the business.
The two main types of research data Joanne would need to gather to establish the cosmetic store business are:
Market research dataFinancial dataWhat are the two main types of research data?Market research data: Joanne would need to gather information about the market demand for cosmetic products in her community. This data would include the size of the market, the demographics of the target customers, their preferences, buying habits, and behaviors, as well as any existing competitors in the area.
Financial data: Joanne would also need to gather financial data to determine the feasibility of the business. This data would include the startup costs, operational expenses, revenue projections, and potential profitability of the business. It would also include information about the funding sources available to her, such as loans, investors, or personal savings.
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Thirteen senior executives in a company are randomly selected and are asked to report their current salary. The data obtained are listed in Column A.
Salaries $127,000 $132,000 $138. 000 $141,000 $144,000 $146,000 $152,000 $154,000 $162,000 $171,000 $177,000 $192. 000 $241,000
The five-number summary is:
Minimum: $127,000
First Quartile: $139,500
Median: $152,000
Third Quartile: $174,000
How did we arrive at these values?To find the 90th percentile, we can use the PERCENTILE. EXC function in Excel, which returns the k-th percentile of values in a range, where k is a value between 0 and 1 exclusive. For this problem, we want the 90th percentile, so k = 0.9. The array we will use for this function is the list of salaries given in Column A, which we will select and define as the range for the function.
The formula for finding the 90th percentile is:
=PERCENTILE. EXC(A1:A18,0.9)
The result is $221,400, which is the salary value below which 90% of the salaries fall.
To find the median, we can use the MEDIAN function in Excel, which returns the median value in a range of values. Again, we will use the list of salaries given in Column A as the range for this function.
The formula for finding the median is:
=MEDIAN (A1:A18)
The result is $152,000, which is the salary value that divides the distribution of salaries into two equal parts.
To find the first quartile, we can use the QUARTILE. EXC function in Excel, which returns the quartile of a set of values, where quartile is a value between 0 and 4. The first quartile corresponds to quartile 1, so we will set quartile = 1 in the function. Again, we will use the list of salaries given in Column A as the range for this function.
The formula for finding the first quartile is:
=QUARTILE. EXC(A1:A18,1)
The result is $139,500, which is the salary value below which 25% of the salaries fall.
To find the third quartile, we can use the QUARTILE.EXC function again, but this time set quartile = 3, which corresponds to the third quartile. Once again, we will use the list of salaries given in Column A as the range for this function.
The formula for finding the third quartile is:
=QUARTILE. EXC(A1:A18,3)
The result is $174,000, which is the salary value below which 75% of the salaries fall.
To find the 10th percentile, we can use the same PERCENTILE. EXC function as in part 1, but this time set k = 0.1. Again, we will use the list of salaries given in Column A as the range for this function.
The formula for finding the 10th percentile is:
= PERCENTILE. EXC(A1:A18,0.1)
The result is $129,000, which is the salary value below which 10% of the salaries fall.
To find the interquartile range, we can subtract the first quartile from the third quartile. We already found the values for these quartiles in parts 3 and 4.
The formula for finding the interquartile range is:
=QUARTILE. EXC(A1:A18,3)-QUARTILE. EXC(A1:A18,1)
The result is $34,500, which is the range of salaries that contains the middle 50% of the salaries.
To develop a five-number summary, we need to find the minimum, maximum, median, and first and third quartiles. We already found the values for these in parts 2-4.
The five-number summary is:
Minimum: $127,000
First Quartile: $139,500
Median: $152,000
Third Quartile: $174,000
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The complete question goes thus:
Thirteen senior executives in a company are randomly selected and are asked to report their current salary. The data obtained are listed in Column A. Ninco NM Salaries $127,000 $132,000 $138,000 $141,000 $144,000 10 $146,000 11 $152,000 12 $154,000 13 $162,000 14 $171,000 15 $177,000 16 $192,000 17 $241.000 18 19 Required: 20 Find the 90th percentile $221,400 21 Find the median $152,000 22 Find the first quartile $139,500 23 Find the third quartile $174,000 24 Find the 10th percentile $129,000 25 Find the interquartile range $34,500 26 27 Develop a five-number summary 2. fx A B B C 2 $154,000 3 $162,000 14 $171,000 15 $177,000 16 $192,000 17 $241,000 18 19 Required: 20 Find the 90th percentile $221,400 21 Find the median $152,000 22 Find the first quartile $139,500 23 Find the third quartile $174,000 24 Find the 10th percentile $129,000 25 Find the interquartile range $34,500 26 27 Develop a five-number summary. 28 29 Minimum $127,000 30 1st Quartile $139,500 31 Median $152,000 32 3rd Quartile $174,000 33 Maximum $241,000 34 35 36 37 Students:
ABC Company has elected to adopt the dollar-value LIFO inventory method when the inventory is valued at $125,000. The adoption takes place as of January 1, 20X1 when the entire inventory represents a single pool. ABC Company determined that the inventory at December 31, 20X1 was $144,375 at current year cost and $131,250 at base year cost using a relevant price index of 1.10. The inventory at December 31, 20X1 under dollar value LIFO is
Answer:
Explanation:
K
operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. also, indicate its normal balance.
Typical Entrees Normal Balance
1. Accounts Payable -
2. Cash -
3. Dividends -
4. Miscellaneous
5. Insurance Expense
6. Fees earned
Answer:
Explanation:?
How has McDolnald's grown its brand equity over the years? Has McDonald's
changed in different economic times or in different parts of the world? Explain.
Initiatives like Geographical expansion Strategy, Intensive Growth Strategy like Product Development, Market Penetration and Market Development has helped McDonald's in the Brand Reinforcement.
How has McDonalds grown its brand equity over the years?The core values of the brand includes quality, cleanliness, service and high standard value. Their core values are also reflected in their outlets, the pricing of the products and employees.
Success of McDonald's is largely attributed to its franchising model, consistency, and innovation. Through their franchising model, they are able to enjoy rapid growth.
McDonald's can be found at more than 36,000 locations in over 100 countries around the world, but each country's menu has some variations on popular items, along with foods that are culturally relevant.
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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Ellcrys Corp. writes 71 checks a day for an average amount of $537 each. These checks generally clear the bank 3.75 days after they are written. In addition, the firm generally receives 68 checks with an average amount of $622 each. Deposited amounts are available after an average of 3.25 days. Is this a disbursement or collection float? What is the value of the float?
Answer:
Yes
Disbursement float of $5,515
Explanation:
Yes Based on the information given this a DISBURSEMENT FLOAT
Calculation to determine the value of the float
First step is to calculate the Disbursement float
Disbursement float = 71 × $537 × 3.75 days
Disbursement float = $142,977
Second step is to calculate the Collection float
Collection float = 68 × $622 × 3.25 days
Collection float = $137,462
Now let calculate the value of the float
Value of the float =$142,977 - $137,462
Value of the float = $5,515
Therefore the Value of the float will be $5,515
Which statement is an example of effectively managing diversity
The statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
The following information is not relevant:
If there is an increase in the no of families that are the single parent so it does not decrease the health benefits.In order to decrease workplace diversity, the company does not require all employees to speak in English.Companies does not recognize the Americans that shows poor demographic group.Therefore we can conclude that the statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
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You arrive at the restaurant & are told that the food needs an extra 15 minutes to cook. What would be a good text to send the customer?
Answer:
"The restuarant said the food needs 15 more minutes to cook. Sorry for the wait!"
Explaination:
maybe something along the lines of that??
A good text to send the customer will be "Please, kindly note that the food will be ready in fifteen minutes, Thank you".
It should be noted that when the customer arrive at the restaurant, he'll have expected the food to be ready. Therefore, it's important that the restaurant workers attend to the customer very well.
The text that should be sent will be "Please, kindly note that the food will be ready in fifteen minutes, Thank you". It's important to show courtesy and use nice languages to appeal to the customer.
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what is the standard form of identification for dod employees
For DoD employees, the common access card (CAC) is the preferred form of identification.
What certifications can I use with the Common Access Card CAC?CAC is based on X. 509 certificates, and it has software middleware that lets an operating system to talk to the card via a real card reader.
The CAC, a "smart" card roughly the size of a credit card, is the preferred form of identification for qualified contractor personnel, Selected Reserve, active duty uniformed Service members, and DoD civilian employees.
What is CAC ID actually stand for?The CAC is the generally recognized as being an acceptable form of identification for DoD workers and qualified outside parties. At any given time, 4.5 million active duty military personnel are using the ubiquitous Common Access Card.
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Why does a buyer often double as the receiving agent? Identify at least two reasons.
Answer and Explanation:
The two reasons are as follows
1. The receiving agents are the persons who have to maintain the activities that are received like inspection on the other hand the buyer purchased it and used them so in this scenario the receiving agents could be in terms of workers and purchasers
2. Also, the buyers focused on their products but the receiving agents have to manage everything like buying cancellation, etc
The same is to be considered
Monica is going to college full-time to become a nurse, so she has to quit her job at the supermarket. Not having that weekly paycheck is considered a(n): *
Answer:
Opportunity cost
Explanation:
Opportunity cost is the sacrificed benefits in decision making. Making a decision involves selecting one option from several choices. The forfeited advantage from the next best alternative is the opportunity cost.
Monica has chosen to join college. She has sacrificed her job at the supermarket to make time for college. Her forfeited weekly pay from her job is the opportunity cost for joining college.
A series of formal, written statements in which the plaintiff and defendant both state claims for the defense regarding the matter being disputed is which
of the following?
O Appeal
O Pleading
O Breach
O Trial
If youre coming from ICEV, the answer is pleading :)
Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the January 31, 2023, trial balance. Wilm's Window Washing Services Trial Balance January 31, 2023 Cash Accounts receivable Prepaid insurance Equipment Accounts payable Wilm Schmidt, capital Wilm Schmidt, withdrawals Service revenues Salaries expense Insurance expense Maintenance expense Utilities expense Total Debit $ 11,700 9,340 2,500 25,000 Required: Prepare a corrected trial balance. 9,060 Credit $ 6,000 46,000 WILM'S WINDOW WASHING SERVICES Trial Balance 60,500 32,100 5,300 13,100 5,300 $113,400 $112,500 The following errors were discovered: a. Schmidt did not post a $4,100 purchase of equipment on credit. b. In posting a $1,450 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash. c. In posting a cash receipt, Schmidt correctly debited Cash for $2,670 but incorrectly credited Accounts Receivable for $7,270. d. In posting a $5,500 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of $3,700 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense.
Note that the corrected Trial Balance for Window Washing Services is attached accordingly.
What is Trial Balance and why is it important?Trial balance is a list of all the accounts in the general ledger with their respective debit or credit balances.
It is used to ensure that the total debits equal the total credits, indicating that the accounting records are in balance. The purpose of a trial balance is to detect errors that have been made in the double-entry bookkeeping system.
It is important because it ensures the accuracy of the accounting records and provides a foundation for the preparation of financial statements.
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The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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Assume that you and your classmates are board members of a child care and education center for 60 preschool children located in a community center building. They had asked you to set up the program four years ago. Now the community center director feels he needs your space for additional adult activities during the day. You need to move out of the building in 30 days. What will you do? Consider all the options, and then make a plan.
The best plan for you would be to write to the education board regarding the issues that you are facing.
What are the functions of the local education board?The education board in a local area can help to do the following
Employ a school superintendentdevelop school policiesDevelop curriculumTake care of all issues that have to do with facilities.Hence the best thing would be to let them know of the issues you are facing in order to determine the best help necessary.
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has any questions or problems.
4. It is the development of an ongoing connection between a company and its customers. The
relationship involves marketing communications, sales support, technical assistance and
customer service
Answer:
Customer relationship management (CRM).
Explanation:
CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Therefore, these employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.
This ultimately implies that, customer relationship is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers. The fundamentals of customer relationship is based on improving marketing communications, sales support, technical assistance and customer service so as to bring satisfaction to the customers.
Hence, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management.
The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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Occupational hygiene focuses specifically on three types of exposures. Explain any Two of these
Occupational hygiene focuses specifically on three types of exposures are:
chemical physical biologicalWhat is Occupational hygiene?Occupational hygiene can be described as the process that is been used in the work placer so that it can focus on the monitoring as well as preservation of the people of the workplace from any hazards.
chemical exposure can be described as one that focus on any hazards that can come from the use of toxic substance in the workplace. physical exposure can be described as the one tat focus on any hazards as a result of any physical injury in the workplace.
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The Feedforward system cannot anticipate problems before it occurs.
A) True
B) False
Small businesses do not operate in the manufacturing and mining sectors of the economy.
True
False
Which of the following is an example of a private good? (1 point)
positions in a free online game limited to 100 people
O an internet connection from a local cable company
O a public website
Oa personal computer used to access the internet
A good example of a private good is D. a personal computer used to access the internet.
A private good belongs to the individual or group who purchases or produces it for its personal consumption. The individual or group enjoys exclusive ownership of the private good. The consumption of the private good is highly restricted. The major characteristics of a private good are excludability, rivalry, and rejectability.
A private good can be differentiated from a public good. A public good is provided for the common use of the members of a society. A public good does not deplete by usage, and equal access is granted to all. Its major characteristics are nonexcludability and nonrivalry.
Thus, a personal computer is an example of a private good, while a public website is an example of a public good.
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Answer:
D
Explanation:
type of advance medical directive does the AMA recommend? a) Euthanasia b) Living will c) Durable power of attorney O d) Undue-burden test
Answer:
C) Durable power of attorney
Explanation:
Logic and Common Sense....