In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the profitability of possible investments.
What is IRR ( internal rate of return ) ?IRR is a discount rate that, in a discounted cash flow analysis, reduces all cash flows' net present values (NPV) to zero.
The same formula is used for NPV calculations and IRR calculations. Remember that the project's true financial value is not represented by the IRR. The annual return is what brings the NPV to a negative value.
Calculation is in Excel sheet
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what term best describes the pridiction of the number of items a company will sell for any given commodity
The optimal market prices best describe the prediction of the number of items a company will sell for any given commodity.
What is Ideal Cost?
The ideal cost is that price tag at which the absolute benefit of the dealer is expanded. At the point when the cost is too low, the vender is moving countless units however isn't acquiring the most elevated conceivable total benefit.
For what reason is ideal cost significant?
The ideal cost is that perfect balance where it is feasible to get great benefits as indicated by the item or need that we offer. This is vital for any individual who is committed to a business action since it is a moderately basic method for getting improved results.
How would you work out ideal evaluating methodology?
Do an estimating investigation to see what they charge for comparative items and how regularly they change the cost (e.g., through limited time limits). While you surely don't have any desire to go far out of reach with your evaluating technique, you don't be guaranteed to have to offer the least cost.
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Which of the following expenses are typically paid by credit?
a) Bills
b) Rent
c) Cars
d) Groceries
Options A. Bills, B. rent, and D. groceries are all typically paid for with a credit card.
Credit cards are a popular method of payment. Credit cards allow you to make purchases without having to pay for them right away. You can use your credit card to purchase everything from groceries to clothing to plane tickets. However, certain expenditures are more likely to be made with a credit card than others. So, let's find out which expenses are typically paid by credit.
Bills: One of the most typical expenditures that people pay for using a credit card is bills. Utility bills, such as water and electricity bills, mobile phone bills, and other types of bills, can all be paid using a credit card. Many credit card issuers have online bill pay capabilities, which means that you can schedule automatic payments and ensure that your bills are paid on time.
Rent: If you rent a home or apartment, you can use your credit card to pay your rent. Some property management firms and landlords may allow you to pay rent with a credit card. However, they may impose a fee for using a credit card to pay your rent. Make sure you check with your landlord first before using your credit card to pay your rent.
Cars: Another expenditure that people may use a credit card to pay for is the purchase or rental of a vehicle. Renting a car or making monthly car payments can be done with a credit card. However, it is essential to remember that some auto lenders and rental car agencies may have a limit on the amount you can charge to a credit card.
Groceries: Groceries are another expenditure that people frequently pay for using a credit card. Many supermarkets accept credit cards for purchases, making it a convenient method to pay for your groceries. However, using a credit card to purchase groceries can result in a high balance on your credit card if you do not pay it off promptly.
Bills, rent, and groceries are all typically paid for with a credit card. Purchasing or renting a car is also an option, but it may have limitations or fees attached to it. Regardless of what you use your credit card for, it is essential to remember to pay your balance in full and on time to avoid high-interest rates or other fees. Therefore, the correct options are A. B. and D.
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Answer: its cars
Explanation:
Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
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Usd 1.725 for 1 gbp usd 0.645 for 1 chf gbp 0.365 for 1 chf the three steps which will create triangular arbitrage profit are as follows: first step, convert ____; second step, convert _______, and third step, conve
In order to create triangular arbitrage profit, the steps are:
Convert USD to GBPConvert GBP to CHF Convert CHF to USD. What are the steps to create triangular arbitrage?The amount that you get when you convert USD directly to CHF is $0.645.
But, if the USD was first converted to GBP and then to CHF, and back to USD, the amount would be:
= 1/1.725
= GBP 0.58
GBP to CHF:
= 0.58 / 0.365
= 1.588 CHF
CHF to dollar:
= 1.588 x 0.645
= $1.024
Which gives a profit of:
= 1.024 - 1 originally invested
= $0.024
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2. Making choices is necessary in all economic systems because:
A. there are so many products that we cannot use them all at once
B. the government has so much money that it does not know what to do with it
C. there are so many resources compared to people’s needs that we have to choose which ones not to use
D. there are so many wants compared to scarce resources that we have to decide what to produce
Explanation:
it is d because we don't have enough resources to sustain forever so we have to figure out how to make them last.
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
Write the answer in the empty income statement
The income statement net income is $61,305.
Income statement
Income statement for the year ended December 31 2020
Revenue:
Fees earned $74,175
Commission earned $42,590
Total revenue $116,765
Expenses:
Car expenses $13,600
General expense $3,985
Postage expense $415
Rental expense $7,640
Wages expense $29,820
Total expenses $55,460
Net income $61,305
($116,765-$55,460)
Therefore the income statement net income is $61,305.
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Writing the net income in an Income statement sheet for Compu-Paris Inc. for the year ended December 31, 2020, is as follows:
Compu-Paris Inc.
Income statementFor the year ended December 31, 2020
Revenue:Fees earned $74,175
Commission earned 42,590
Total revenue $116,765
Expenses:Car expenses $13,600
General expense 3,985
Postage expense 415
Rental expense 7,640
Wages expense 29,820
Total expenses $55,460
Net income $61,305
What is an income statement?An income statement is a financial statement that summarizes an entity's revenue and expenses to determine the net income.
Also called an income summary, it determines the entity's financial performance for a financial period.
Thus, Compu-Paris Inc.'s income statement shows that it earned a net income of $61,305 for the year ended December 31, 2020.
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Establish the correct sequence of steps in the accounting measurement process. a. Record in a systematic fashion b. Identify relevant economic activity c. Quantify economic activity Select one: O ACB O СВА O CAB O BCA O ABC O BAC
O ABC. Determining the monetary value of an economic activity entails measurement, a fundamental accounting concept.
In the accounting process, which involves calculating the monetary value of economic activity, measurement is an important stage. Finding the relevant economic activity, which is any transaction or occurrence that has an effect on the organization's finances, is the first step in the measuring process. The economic activity is then quantified, or given a monetary value. Finally, the data is systematically recorded, typically in a ledger or other accounting records. Financial data used to create financial statements like the balance sheet and income statement is the end product of the measurement process. Management, investors, and other stakeholders utilise these statements as a quick picture of an organization's financial condition and performance to make defensible decisions.
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As a factor of production, what is capital?
A. an industrial good
B. the natural resources used to create a product
C. the entrepreneur who sees how to make something useful
D. the tangible products made by labor
Answer:
Option "D" is the correct answer.
Explanation:
Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.
What is the primary goal for a product during its maturity phase?
A. Improve product quality
B. Maximize profit
C. Prepare for the time when the product must be phased out
D. Greater market share
Answer:
Maximize profit
Explanation:
right answer
"Should the PPF shifts outward and the terms of trade are not affected, then a country becomes unambiguously better off as a higher community indifference curve can be reached." Explain why this statement is untrue and graphically illustrate it.
The statement that a country becomes unambiguously better off when the production possibilities frontier (PPF) shifts outward, while the terms of trade remain unaffected, is not true.
This statement fails to consider the trade-off between producing different goods and the opportunity cost involved.
When the PPF shifts outward, it indicates an increase in a country's productive capacity, allowing it to produce more of both goods.
However, reaching a higher community indifference curve, which represents higher levels of satisfaction, is not guaranteed. This is because the shape and position of the PPF and the preferences of the community also play a crucial role in determining utility.
Graphically, an outward shift of the PPF does not necessarily imply movement to a higher indifference curve. The indifference curves represent different combinations of goods that yield the same level of satisfaction. Without considering preferences, it is not possible to conclude that reaching a higher indifference curve is guaranteed solely by the outward shift of the PPF.
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An engineer proposes to buy a machine for $100,000 today that will save $60,000 in labor costs at the end of each of the next two years. If the company demands a 15 percent return on investments such as this, what is the net present worth (NPW) of the proposal? Should it be funded?
To calculate the net present worth (NPW) of the proposal, we need to discount the cash flows from the savings in labor costs at the end of each year to their present value and compare it to the initial cost of the machine.
The cash flows from the savings in labor costs are $60,000 per year for two years, so the total cash flow over the two years is $60,000 + $60,000 = $120,000.
The discount rate is 15%, which represents the company's required return on investment.
Using the formula for present value (PV), the present value of the cash flows can be calculated as follows:
PV = Cash Flow / (1 + Discount Rate)^t,
where t is the time period.
For the first year, t = 1:
PV1 = $60,000 / (1 + 0.15)^1 = $60,000 / 1.15 = $52,173.91.
For the second year, t = 2:
PV2 = $60,000 / (1 + 0.15)^2 = $60,000 / 1.3225 = $45,454.55.
To calculate the NPW, we subtract the initial cost of the machine from the present value of the cash flows:
NPW = PV1 + PV2 - Initial Cost.
Given that the initial cost of the machine is $100,000, we can calculate the NPW:
NPW = $52,173.91 + $45,454.55 - $100,000 = -$2,371.54.
The NPW of the proposal is negative, indicating that the present value of the cash flows is less than the initial cost of the machine. Therefore, based on the company's required return of 15%, the proposal should not be funded as it would result in a negative net present worth.
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Why is it important for a human resource manager to carefully maintain
employee records?
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation:
Using the midpoint method, the price elasticity of demand is determined to be about 0.85. What change in the price would cause a 10% decrease in the quantity demanded? O A decrease in the price of the product from $8.50 to $10 fing O A 11.8% increase in the price of the product O An increase in the price of the product from $8.50 to $10
A 11.8% increase in the price of the product. The midpoint method allows us to calculate the price elasticity of demand by taking the percentage change in quantity demanded and dividing it by the percentage change in price.
Given that the price elasticity of demand is 0.85, which is less than 1, we know that the demand is inelastic. In this case, a 1% increase in price will result in less than a 1% decrease in quantity demanded.
To find the change in price that would cause a 10% decrease in quantity demanded, we can use the formula:
Price elasticity of demand = (% change in quantity demanded) / (% change in price)
0.85 = -10% / x
Solving for x, we find that x = -10% / 0.85 = -11.8%
Therefore, an 11.8% increase in the price of the product would cause a 10% decrease in the quantity demanded.
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Activity: Down Memory Lane
The objective of this activity is to help the students understand the phases of project management and how to handle issues that typically occur during a project.
INSTRUCTION: remember a past project and note how the project was implemented. You may share with me how the project was done:
• Name of the project
• What was it? (For school, club, community, personal, etc.)
• What was the objective of the project?
• How is the project executed?
• What were the issues the teams encounter during project implementation?
• How were these issues manage? What did the team do to troubleshoot the issues?
• Where there any changes? How did this impact the project?
The project I remember is a school project to design a 3D model of a historical monument.
The objective was to create a 3D model of a monument that would be used to teach students about the history of the monument.
The project was executed by a team of five students. The team used 3D modelling software to design the model.
The team encountered issues in using the software to create the model.
To troubleshoot the issues, the team consulted with their professor and had other students who had prior experience in 3D modelling assist them.
The team also made changes to the initial design of the model in order to make it look better. This impacted the project in that it took more time and effort to complete the model. However, these changes also made the model much more visually appealing and accurate.
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Mission and Vision Statements Corporate Strategy - what is the organization trying to achieve? What is important to the organization? HR Strategy - determine the HR approach based on the corporate strategy HR Forecasting - what type of employee will they need in the future? An Environmental Scan supply and demand -base this on current conditions A strategy to meet the HR needs within the organization - this can include policies and programs as well as recruitment initiatives Case Scenario: You have been hired by a local manufacturing plant to head their human resources department. This company started as a family owned business and slowly grew from only having a small staff of 4 to close to 125 employees. However, the company has not formally stated it's vision or mission statements. Consequently, the organization has suffered many losses as a result of poor decision making. The plant manufactures wired headphones and they have noticed a decrease in the demand which could be the result of changing technology. As the new Director of Human Resources what steps do you need to take in order to ensure the longevity of the prganization?
As the new Director of Human Resources for the local manufacturing plant, there are several steps you can take to ensure the longevity of the organization. Here is a suggested approach:
Develop Mission and Vision Statements: Start by working with key stakeholders, including senior management and employees, to define the organization's mission and vision. The mission statement should capture the purpose and core values of the company, while the vision statement should articulate the future direction and goals. These statements will provide a clear sense of purpose and guide decision-making throughout the organization.
Align HR Strategy with Corporate Strategy: Once the mission and vision statements are in place, align the HR strategy with the corporate strategy. Identify the HR goals and initiatives that will support the organization in achieving its mission and vision. This may involve developing a strong company culture, promoting employee engagement, implementing effective performance management systems, and fostering continuous learning and development.
Conduct HR Forecasting: Analyze the organization's current workforce and future needs. Consider factors such as changing technology, market trends, and business objectives. Identify the skills and competencies required for the future workforce. This will enable you to plan for recruitment, training, and development initiatives to ensure the organization has the right talent to meet future demands.
Conduct an Environmental Scan: Assess the external environment to understand the supply and demand dynamics in the industry. Analyze market conditions, competitor strategies, and emerging trends. This will provide insights into potential challenges and opportunities related to talent acquisition, retention, and overall HR planning.
Develop a Strategy to Meet HR Needs: Based on the HR forecasting and environmental scan, develop a comprehensive strategy to meet the organization's HR needs. This strategy should include policies and programs to attract, develop, and retain talent. It may involve implementing recruitment initiatives, establishing employee development programs, improving compensation and benefits packages, and fostering a supportive work environment.
Enhance Decision-Making Processes: Address the issue of poor decision making by establishing effective decision-making processes within the organization. Implement clear communication channels, encourage employee involvement and feedback, and foster a culture of transparency and accountability. This will contribute to better decision making across all levels of the organization.
By following these steps, you can help ensure the longevity of the organization by aligning HR practices with the corporate strategy, anticipating future workforce needs, and promoting a culture of effective decision making.
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According to the video, what products were made by Biomedical Engineers?
imaging systems
prescription drugs
artificial limbs
lasers for surgery
naturopathic
Answer:
Imaging systems
artificial limbs
lasers for surgery
Explanation:
I just did the assignment
Answer:
→imaging systems←
→artificial limbs←
→lasers for surgery←
( 1, 3, and 4)
Explanation:
Doing the Assignment, but I hope this helps
The person above is correct so all credit to them↑↑
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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bailey must evaluate each business employee yearly. what communication channel should bailey use to convey the results of the evaluation?
Bailey needs to provide the findings of the employee evaluations in a face-to-face setting. The staff would be able to ask questions, offer input, and better comprehend the evaluation results.
In a face-to-face discussion, Bailey can address concerns, offer comments, and talk about potential areas for development with the staff. The staff will be better able to comprehend the evaluation results thanks to this open discussion, which will also aid in creating a development strategy for the future. Face-to-face contact also gives the chance to define goals for future performance and clarify expectations. It might be useful to offer written documentation of the evaluation results for use as a resource and record-keeping so that the information is properly documented. The outcomes of the employee assessments will be communicated in a thorough and efficient manner through a combination of verbal and written documentation.
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what is the value to the expressions (not all together ) 1.4² . 300÷2 (0.5 +4.5 )² . 1/3 ÷2 × (1/2)³
The final of value of the mathematical expressions gives; 1.96 . 6 . 4/3
If we look at the problem, we will discover that there are three expressions which are;
1.4²300÷2 (0.5 +4.5 )²1/3 ÷2 × (1/2)³Let us obtain the value of each expression individually;
1.9664/3Hence, the value of the expressions;
1.96 . 6 . 4/3
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At January 1, 2018, Brainard Industries, Inc. , owed Second BancCorp $13 million under a 10% note due December 31, 2020. Interest was paid last on December 31, 2016. Brainard was experiencing severe financial difficulties and asked Second BancCorp to modify the terms of the debt agreement. After negotiation Second BancCorp agreed to:________
a. Forgive the interest accrued for the year just ended.
b. Reduce the remaining two years' interest payments to $1 million each and delay the first payment until December 31, 2019.
c. Reduce the unpaid principal amount to $11 million.
Required:
Prepare the journal entries by Brainard Industries, Inc. , necessitated by the restructuring of the debt at (1) January 1, 2018; (2) December 31, 2019; and (3) December 31, 2020.
1) January 1, 2018:
To record the restructuring of the debt:
Debt Restructuring Gain $3 million
Note Payable $2 million
Interest Payable $1 million
Explanation: The debt restructuring gain is calculated as the difference between the original debt amount ($13 million) and the reduced principal amount after restructuring ($11 million). The note payable is reduced by $2 million, reflecting the reduction in the unpaid principal amount. The interest payable is reduced by $1 million, representing the forgiveness of accrued interest.
2) December 31, 2019:
To record the interest payment:
Interest Expense $1 million
Interest Payable $1 million
Explanation: The interest expense is recorded for the reduced interest payment of $1 million.
3) December 31, 2020:
To record the final payment and the extinguishment of the debt:
Note Payable $11 million
Cash $11 million
Explanation: The remaining principal amount of $11 million is paid off, resulting in the extinguishment of the debt.
Note: It is important to consult with a professional accountant or refer to the relevant accounting standards to ensure accurate and compliant financial reporting for specific transactions.
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Martin is a credit counselor working with a client, Kim, who is in serious financial trouble. Kim is hesitant because she has a long way to go and a lot of work to do before she can be financially healthy again. What is the best way for Martin to explain the next steps to her?
A.) Martin should present the information in small manageable steps rather than give her a lengthy to-do list.
B.) Martin should make a list of tasks that must be completed and do them for her, since he is an experienced professional.
C.) Martin should compile a list of all the tasks that Kim must complete and suggest that she report back to him after she is finished.
D.) Martin should not encourage her to do anything she is reluctant to do, even if it means salvaging her financial life in the long term
Answer:
C
Explanation:
C la respuesta es la C ya que
Difference between assets and liabilities.
Answer:
see below
Explanation:
Assets are the things a person or a company owns. They are items precious to a business or an individual. Assets are things that can be assigned a monetary value. They are in the form of cash, properties, money market securities, machinery, plants and equipment, intellectual property rights, and many others.
Liabilities are money a business or person owes others. They are loans, debts, and obligations that need to be paid. Common liabilities include bank loans, unpaid utilities, and creditors such as suppliers.
where to buy secco strawberry and raspberry rossini
Beethoven recognized and admired Rossini's talent. He admired him for his creative abilities, which allowed him to write so many operas in such a short period of time.
What is the difference between Rossini and Bellini?The main distinction between a bellini and a Rossini is the other ingredients in the cocktail. Bellini replaces orange juice in the traditional mimosa with peach juice and prosecco. Rossini, on the other hand, is made with strawberries.
Rossini, whose great epics were written between 1813 and 1829, is best regarded as a Classical composer—in fact, at the age of 39, he stopped writing operas because he couldn't do the new Romantic thing that was so popular.
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Can I please get help with this???? I’m not sure if the two are right or not. Please help me!!!!
Answer:
I think the two you have are correct the second one is Chain restaurants i think
third one Franchise restaurants fourth one One location restaurants
Explanation:
2. What is often true about the interest rates of these non bank credit alternatives, and how
might that affect the banked and unbanked differently?
It is important to note that the interest rate of non bank credit alternatives in most cases are higher than their traditional competition - The commercial banks.
How does the above affect the banked and the unbanked?The unbanked are immune to such rate, however, they'd also be missing our on the many other utilities provided by the commercial banks. For example:
The larger banks can provide:
On the other hand, non-bank lender have the following advantages:
They are Simple to use. The bulk of nonbank lenders have mastered the art of streamlining lending applications. Some platforms or lenders can complete the transaction in as little as 15 minutes.Financing with no credit. Consider employing a nonbank lender if you've applied for and been rejected a loan at a traditional institution. Nonbank creditors have more flexible terms.Rapid access to funding. A nonbank lender's application procedure is not just rapid, but accepted borrowers can get money within as short as 24 hours.Learn more about interest rates:
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How are college costs different based on the type and location of the school you choose as well as
your room and board arrangement?
Answer:
If you choose a private university, chances are your tuition is going way up. Prestigious university with accredited programs can also be a bit pricey. Same thing goes for Ivy league schools. Community colleges are relatively inexpensive anywhere you go. Universities in big cities often have a higher tuition if you're considering location. Room and board arrangements differ. If you choose to live on campus in a basic dorm the expense won't be too bad. Colleges could also have the option of off campus housing which is way more expensive and they have different rooms you can choose from. Meal plans are also included in room and board so that's something to consider.
Explanation:
The way Professor Quinn chose to handle this situation illustrates the difficulty of dealing with ethics violations. Listed as follows are several ways that corporations try to encourage ethical behavior in their employees. Which of these techniques do you see used in this scenario? Check all that apply. -Providing support for whistleblowers -Establishing a code of ethics -Providing ethics training for employees -Referring ethical dilemmas to an ethics committee
Answer:
Establishing a code of ethicsReferring ethical dilemmas to an ethics committeeExplanation:
Consider, by establishing a code of ethics it allows corporations to prevent their employees from making excuses for any ethical violation. Furthermore, when referring ethical dilemmas to an ethics committee is made available to employees by corporations it allows their employees to easily get the right information about how to behave ethically.
Which person did not use a cost-saving strategy when deciding how to spend
their money?
A. Abram used comparison shopping to decide which pair of new
jeans would be the best value.
B. Lin had decided to buy the cheapest of three fitness cameras, but
she changed her mind when she read the return policy.
C. Juanita had planned to save for her new video game, but instead
she used a credit card because her friends wanted her to play with
them.
D. Caleb bought a computer he could upgrade as newer video cards
became available instead of the computer that could not be
upgraded.
Lin had decided to buy the cheapest of three fitness cameras, but
she changed her mind when she read the return policy did not use a cost-saving strategy when deciding how to spend their money .
What is Cost reduction strategies ?
Practices and guiding concepts that aim to maximize operational effectiveness are known as cost reduction strategies. They deal with everything related to managing a firm, including employing staff and making travel arrangements.
Process simplification, efficient resource allocation, and waste reduction are key components of a successful deployment. A group of procedures or practices known as cost savings aim to lower the actual or anticipated costs of a specific transaction.
What advantages do cost savings offer?
The amount of debt you have or the amount of money you need to invest in a project may both decrease as a result of cost reductions. Saving money by cutting costs has a definite financial advantage.
To put it another way, when you examine your money, you can find cost-saving measures. Both annual budgets and financial statements make them clear.
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You are the senior software engineer at a start-up company developing an exciting new mobile app that will allow salespeople to generate and email sales quotes and customer invoices from their smartphones. Your company's sales force has led a major corporation to believe your product will be available next week. Unfortunately, at this point the software still contains quite a few bugs. The leader of the testing group has reported that all of the known bugs appear to be minor, but it will take another month of testing for his team to be confident the product contains no catastrophic errors. Because of the fierce competition in the mobile app industry, it is critical that your company be "first to market." To the best of your knowledge, a wellestablished company will release a similar product in a few weeks. If its product appears first, your start-up company will probably go out of business.
In this scenario, the start-up company developing an exciting new mobile app that will allow salespeople to generate and email sales quotes and customer invoices from their smartphones has to handle the challenge of being first to market.
As the senior software engineer, you need to weigh the risks and benefits of releasing a product with known bugs. In this situation, it is important to consider the risks of releasing a product with known bugs and the benefits of being the first to market. On one hand, releasing the product with known bugs could damage the reputation of the start-up company and result in lost sales. On the other hand, being first to market could give the company a competitive advantage and increase sales. The leader of the testing group has reported that all of the known bugs appear to be minor, but it will take another month of testing for his team to be confident the product contains no catastrophic errors. This means that the software still contains quite a few bugs, and there is a risk that some of these bugs could cause catastrophic errors.
To mitigate the risks of releasing a product with known bugs, the start-up company could consider delaying the release until all of the known bugs have been fixed. While this would delay the release of the product, it would also ensure that the product is of high quality and will not damage the reputation of the company.
In conclusion, it is important for the start-up company to balance the risks and benefits of releasing a product with known bugs. While being first to market could give the company a competitive advantage, releasing a product with known bugs could damage the reputation of the company. As the senior software engineer, you need to make a recommendation to the company based on your knowledge of the industry and the product.
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