The following statements concerning the phrases ethics and etiquette are true, and they show how little difference there is between the two in the workplace. Option 1 is Correct.
Here are the true statements:
The difference between ethics and etiquette can be significant in the workplace, depending on the context.
Ethics is not necessarily synonymous with integrity. Integrity involves upholding moral and ethical principles, but it is broader than just ethics.
Etiquette is not necessarily synonymous with social intelligence. Social intelligence involves being able to navigate social situations and build relationships, but it is not limited to etiquette.
Our approach to small workplace events can reflect our broader sense of ethics, but it does not necessarily determine it. Our ethical behavior can be demonstrated in a variety of ways, not just in small workplace events.
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Correct Question:
Which of the following are true about the terms ethics and etiquette? check all that apply.
1. The difference between the two is minimal in the workplace.
2. Ethics is synonymous with integrity.
3. Etiquette is synonymous with social intelligence.
4. Our approach to small workplace events reflects our broader sense of ethics
TEXT:
Economist 1899–1992
Friedrich August von Hayek was an Austrian-born British economist and writer whose career spanned 70 years. Born into a wealthy Austrian family, Hayek attended the University of Vienna, where he studied law, psychology, and economics. He taught at the London School of Economics as well as the University of Chicago. In 1974, Hayek received the Nobel Prize for Economics.
Hayek is well known for his sometimes-controversial criticisms of socialism and Keynesian welfare policies. His most famous book, The Road to Serfdom, was published in 1944. In it, he argued that attempts at economic planning inadvertently impose values on society. He felt that such plans could not exist unless economic planners exercised political control.
One of the leading members of the Austrian School of Economics, Hayek endorsed free market economics and opposed widespread government intervention in a time when many intellectuals favored socialism and Keynesian economics. However, after the stagflation crisis of the 1970s made many question the validity of Keynesian economic theory, Hayek's ideas experienced a major growth in popularity.
Critical Thinking Questions
Hypothesizing Write a paragraph discussing whether you think Hayek would approve of a government-sponsored economic stimulus. Give reasons for your view.
Analyzing Write a short essay explaining how Hayek's view of the importance of a free price system fits in with his laissez-faire philosophy.
It is likely that Hayek would not approve of a government-sponsored economic stimulus, as he believed in the importance of free markets and opposed widespread government intervention.
Hayek's view of the importance of a free price system fits in with his laissez-faire philosophy because he believed that a free market with competitive prices and profits is the most efficient way to allocate resources and coordinate economic activity.
Hypothesizing:
Given Hayek's well-known advocacy of free market economics and his criticism of government intervention in the economy, it is unlikely that he would approve of a government-sponsored economic stimulus. Hayek believed that government intervention in the economy could lead to unintended consequences and market distortions. He argued that the free market, with its price signals and competition, was the best mechanism for allocating resources efficiently and promoting economic growth. A government stimulus package, in his view, would interfere with the natural workings of the market and lead to inefficiencies and misallocations of resources. Furthermore, Hayek believed that government intervention could lead to a loss of individual freedom and a shift towards a centrally planned economy.
Analyzing:
Hayek's view of the importance of a free price system fits in with his laissez-faire philosophy in several ways. Hayek argued that prices were essential for coordinating economic activity in a complex market economy. Prices provide information to buyers and sellers about the scarcity of goods and services and the preferences of consumers. This information is crucial for individuals and firms to make decisions about how to allocate their resources. Hayek also emphasized the role of competition in promoting efficiency and innovation. In a free market, firms compete with each other to offer goods and services at the lowest possible price, driving down costs and encouraging innovation.
Finally, Hayek believed that the free market was the best mechanism for promoting individual freedom and limiting the power of the state. A market economy, in his view, allowed individuals to pursue their own goals and interests without interference from the government. Overall, Hayek's view of the importance of a free price system reflected his belief in the power of the market to promote economic growth and individual freedom.
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When businesses need to formalize the information provided to employees, customers, or other businesses, they often use which type of communication?.
When businesses need to formalize the information provided to employees, customers, or other businesses, they often use written communication.
This can take the form of letters, memos, reports, emails, newsletters, manuals, policies, contracts, and other types of written documents.
Written communication provides a permanent record of information that can be referred to later, and it allows for precise and specific wording to be used to convey complex ideas or instructions. It also ensures that the same message is communicated consistently to everyone who receives it.
In formal business communication, it is important to use a professional tone and adhere to standard formatting and style guidelines. The goal is to clearly convey the intended message while maintaining a professional image for the company.
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a construction company entered into a fixed-price contract to build an office building for $18 million. construction costs incurred during the first year were $6 million, and estimated costs to complete at the end of the year were $9 million. the company recognizes revenue over time according to percentage of completion. during the first year the company billed its customer $6 million, of which $3 million was collected before year-end. what would appear in the year-end balance sheet related to this contract?
The year-end balance sheet related to this contract would show a net asset position of $3 million ($6 million in accounts receivable and construction in progress, less $3 million in contract liability).
Based on the information given, the construction company has entered into a fixed-price contract to build an office building for $18 million. As of the end of the first year, the company has incurred construction costs of $6 million and estimates that it will incur an additional $9 million in costs to complete the project.
The company also billed its customer $6 million during the first year, of which $3 million was collected before year-end.
Since the company recognizes revenue over time according to percentage of completion, the year-end balance sheet would show the following:
Accounts receivable: The amount of revenue recognized during the year but not yet collected, which is $3 million.
Construction in progress: The amount of costs incurred to date that have not yet been billed to the customer, which is $3 million ($6 million in costs incurred less $3 million in billing).
Contract liability: The amount of revenue recognized during the year that has not yet been earned, which is $3 million ($6 million in billing less $3 million in revenue recognized).
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Most renters and all homeowners will both need to pay monthly for ___________
Most renters and all homeowners will both need to pay monthly for housing expenses.
This includes the cost of renting an apartment or paying a mortgage on a house. Renters pay a fixed amount of rent to their landlords each month, while homeowners pay a mortgage payment to their lender. Both groups may also have to pay additional expenses such as utilities, property taxes, and home insurance. These monthly expenses are necessary to maintain a place to live and to ensure that the property remains in good condition.
While renters have the flexibility to move to a new location once their lease is up, homeowners must continue to pay their mortgage until the loan is paid off or the property is sold. In either case, it is important for individuals to budget accordingly and plan for these ongoing expenses in order to maintain financial stability.
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The grr 2021 identified ______________ as a threat to the global business landscape.
The Global Risks Report (GRR) 2021 identified "climate change and environmental degradation" as a threat to the global business landscape. Climate change poses various risks to businesses, including physical risks from extreme weather events, regulatory risks due to changing climate policies, and transition risks arising from the shift towards a low-carbon economy.
To mitigate these threats, businesses need to assess their vulnerability to climate-related risks and develop strategies to adapt and build resilience. This includes investing in sustainable infrastructure, adopting clean energy solutions, and engaging in responsible resource management. Furthermore, companies should actively participate in the global efforts to reduce greenhouse gas emissions and contribute to a sustainable future.
In conclusion, the GRR 2021 highlights the importance of addressing climate change and environmental degradation as a critical threat to the global business landscape. Businesses must take proactive steps to assess and manage these risks, and support global efforts to protect the environment for future generations.
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(choose all that apply) based on the following information.× (number of units): 2,000 unitsProduction of a product by supplier 1:F (fixed cost) = 4.500p (price per unit) = $4c (cost per unit) = $2Production of the product by supplier 2:F (fixed cost) = 3.500p (price per unit) = $4c (cost per unit) = $1r (Disruption in production) = 0.5%A. Supplier 1 must be chosen.B. The company will be indifferent between supplier 1 and supplier 2.C. Supplier 2 must be chosen.D. None of suppliers must be chosen.
To determine which supplier should be chosen based on the given information, we need to calculate the total cost of production for each supplier and consider the disruption in production risk for supplier 2. Thus, the correct answer is option C.
Supplier 1:
Total cost = Fixed cost + (Cost per unit × Number of units)
Total cost = 4500 + (2 × 2000)
Total cost = 4500 + 4000
Total cost = $8500
Supplier 2:
Total cost = Fixed cost + (Cost per unit × Number of units)
Total cost = 3500 + (1 × 2000)
Total cost = 3500 + 2000
Total cost = $5500
Comparing the total cost of production for both suppliers, Supplier 2 has a lower total cost of production at $5500 compared to Supplier 1 at $8500. However, Supplier 2 has a 0.5% risk of disruption in production.
Based on the given information, the correct answer is:
C. Supplier 2 must be chosen.
This is because the lower production cost of Supplier 2 outweighs the small risk of disruption in production.
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Carmichael Cleaners needs a new steam finishing machine that costs $100,000. The company is evaluating whether it should lease or purchase the machine. The equipment falls into the MACRS 3-year class, and it would be used for 3 years and then sold, because the firm plans to move to a new facility at that time. The estimated value of the equipment after 3 years is $30,000. A maintenance contract on the equipment would cost $3,000 per year, payable at the beginning of each year. Alternatively, the firm could lease the equipment for 3 years for a lease payment of $29,000 per year, payable at the beginning of each year. The lease would include maintenance. Due to special circumstances, the firm is in the 20% tax bracket, and it could obtain a 3-year simple interest loan, interest payable at the end of the year, to purchase the equipment at a before-tax cost of 10%. If there is a positive Net Advantage to Leasing the firm will lease the equipment. Otherwise, it will buy it. What is the NAL? (Note: Assume MACRS rates for Years 1 to 4 are 0. 3333, 0. 4445, 0. 1481, and 0. 741. )
The annual lease payment is $29,000, and the equipment will be used for three years before being sold.
To determine the Net Advantage to Leasing (NAL), we need to calculate the total cost of leasing and compare it with the after-tax cost of purchasing the equipment using a loan.
The after-tax cost of purchasing the equipment using a loan is given by the formula:
After-Tax Cost of Purchasing = Interest Expense - Tax Savings = (Loan Amount x Interest Rate) - (Interest Expense x Tax Rate) = (100,000 - 30,000) x 10% - ((100,000 - 30,000) x 10% x 20%) = 5,600.
where the loan amount is the difference between the equipment cost and the estimated salvage value, and the tax rate is 20%.
The total cost of leasing is the sum of the present value of lease payments and maintenance cost. The present value of lease payments can be calculated using the formula:
The present value of lease payments can be calculated by multiplying the lease payment by the present value (PV) factor. For example, if the lease payment is $29,000 and the PV factor is 2.487, the present value of lease payments would be $72,723.
where the PV factor is the present value factor for a three-year lease with an interest rate of 10%, which is 2.487.
The total cost of leasing is:
Total Cost of Leasing = Present Value of Lease Payments + Maintenance Cost = 72,723 + 3,000 \times 3 = 81,723
Therefore, the NAL is:
NAL = Total Cost of Leasing - After-Tax Cost of Purchasing
= 81,723 - 5,600
= 76,123
Since the NAL is positive, it is more advantageous for Carmichael Cleaners to lease the equipment rather than purchasing it. The annual lease payment is $29,000, and the equipment will be used for three years before being sold.
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Complete the sentences with the correct terms. Some terms may be used more than once, and some may not be used at all. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop. The Fed controls the money supply through open market operations. For instance, when the Fed buys bonds, this in demand for bonds causes nominal interest rates to. When the Fed buys bonds, bank reserves , which reduces the need for banks to borrow. This causes the federal funds rate to. Answer Bank
The Fed controls the money supply through open market operations. For instance, when the Fed buys bonds, this increase in demand for bonds causes nominal interest rates to rise. When the Fed buys bonds, bank reserves increase, which reduces the need for banks to borrow. This causes the federal funds rate to fall.
The Fed also referred to as the Federal Reserve, is in charge of managing the country's money supply. Buying and selling government bonds on the open market is one method it employs to achieve this. When the Fed purchases bonds the demand for them rises raising the price while lowering the interest rate.
As a result borrowing becomes more affordable encouraging both businesses and consumers to increase their spending and investment. The Fed injects reserves into the banking system along with the bonds it purchases, reducing the need for banks to borrow from one another. As a result, the federal funds rate the interest rate that banks charge one another for overnight loans decreases.
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Requirements
1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset.
2. All construction was complete and the assets were placed in service orn August 1. Record partial-year depreciation for the year ended December 31 Round to the nearest dollar.
The assets' costs were recorded in the appropriate accounts, i.e., Land, Land Improvements, Building, and Furniture. The total cost of each asset was obtained by adding up its costs from these accounts. Partial-year depreciation for the year ending December 31 was calculated using the straight-line method, based on the asset's depreciable cost and useful life.
To account for each cost under the correct account, we can use the following entries:
Land: The cost of land is recorded in the Land account.
Debit: Land
Credit: Cash (or Accounts Payable, if purchased on credit)
Land Improvements: The cost of land improvements, such as paving, landscaping, or adding fences, is recorded in the Land Improvements account.
Debit: Land Improvements
Credit: Cash (or Accounts Payable, if purchased on credit)
Building: The cost of the building is recorded in the Building account.
Debit: Building
Credit: Cash (or Accounts Payable, if purchased on credit)
Furniture: The cost of furniture is recorded in the Furniture account.
Debit: Furniture
Credit: Cash (or Accounts Payable, if purchased on credit)
To record partial-year depreciation for the year ended December 31, we can use the following steps:
Determine the depreciable cost of each asset by subtracting its estimated salvage value from its cost.
Determine the asset's depreciation expense using the straight-line method, which is calculated by dividing the depreciable cost by the asset's estimated useful life.
Record the depreciation expense in the appropriate account and adjust the asset's book value.
For example, if the cost of the building is $100,000 and its estimated salvage value is $10,000, and it has an estimated useful life of 25 years, the depreciable cost would be $90,000 ($100,000 - $10,000). The annual depreciation expense would be $3,600 ($90,000 / 25 years). If the building was placed in service on August 1, the partial-year depreciation for the year ended December 31 would be $1,200 ($3,600 / 12 months x 4 months). The entry to record the depreciation expense would be:
Debit: Depreciation Expense - Building ($1,200)
Credit: Accumulated Depreciation - Building ($1,200)
The Accumulated Depreciation - Building account is a contra-asset account that is used to record the total amount of depreciation taken on the building to date. The book value of the building can be calculated by subtracting the accumulated depreciation from the building's cost.
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which of the following would decrease the u.s. financial account? which of the following would decrease the u.s. financial account? the purchase of a foreign car by an american diplomat living in costa rica a ski chateau purchased in switzerland by an american entrepreneur a boat purchased by a british investment banker in florida the purchase of $1000 of us treasury bonds by a chinese investor an american earns $1000 in the japanese stock market
Option a is correct. The purchase of a foreign car by an American diplomat living in costa Rica would decrease the US financial account.
All foreign financial transactions involving U.S. assets, such as stocks, bonds, real estate, and other financial instruments, are included in the U.S. financial account.
An American businessman buying a ski chalet in Switzerland and a British investment banker buying a yacht in Florida would boost the U.S. balance of payments since money from other nations would be coming into the country.
As foreign investment in American assets is included in the financial account, the purchase of $1,000 in U.S. Treasury bonds by a Chinese investor would likewise boost the country's financial account.
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Complete question
Which of the following would decrease the US financial account?
a. the purchase of a foreign car by an American diplomat living in costa Rica.
b. a ski chateau purchased in Switzerland by an American entrepreneur.
c. A boat purchased by a British investment banker in Florida.
d. The purchase of $1000 of us treasury bonds by a Chinese investor an American earns $1000 in the Japanese stock market.
Which are the most likely uses of capital invested in a business? Check all that apply.a. paying taxesb. hiring workersc. repaying investorsd. producing goodse. distributing goodsf. buying materials
The most likely uses of capital invested in a business include hiring workers, producing goods, distributing goods, and buying materials.
Hiring workers is essential for the growth of a business as it helps to increase productivity and expand the company's operations. Producing goods is another important use of capital as it enables the business to create products that can be sold to generate revenue. Distributing goods is also crucial for the success of the business as it allows customers to access the products and services offered.
Lastly, buying materials is necessary to produce goods and keep the business operations running smoothly. Paying taxes and repaying investors are also important, but these uses of capital are usually secondary to the primary focus of generating revenue and expanding the business. In conclusion, the most likely uses of capital invested in a business revolve around the creation, distribution, and sale of products and services. The correct option is b, d, e, and f.
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Clare fran is buying a new chevy volt for $39,000 with an interest charge of $4800. she sets up a loan, and repays it over 25 equal monthly payments for 25 months. what will be her monthly payment
Clare Fran's monthly payment for the loan will be $1,752.
Clare Fran is buying a new Chevy Volt for $39,000 with an interest charge of $4,800. To determine her monthly payment, we first need to add the interest charge to the cost of the car:
$39,000 + $4,800 = $43,800
Now, we'll divide the total amount to be repaid ($43,800) by the number of equal monthly payments (25 months):
$43,800 ÷ 25 = $1,752
So, Clare Fran's monthly payment for the loan will be $1,752.
We can also use a loan payment formula, such as the PMT function in Excel, to calculate the monthly payment.
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Imagine, you have been appointed as a MIS executive at a local company (XYZ Company) in Bangladesh. Your CEO is planning to invest money on implementing cutting edge technology in the organization. He asked you to prepare a report in which you have to summarize the impact of the introduction of e-business on different aspects of an organization
recording a sales-type lease with a selling profit is similar to recording: multiple choice a purchase on account. an exchange of assets. a sale of a fixed asset. a sale of merchandise on account.
Recording a sales-type lease with a selling profit is similar to recording a sale of a fixed asset.
In a sales-type lease, the lessor (seller) transfers ownership of the asset to the lessee (buyer) at the end of the lease term, and the transaction is recorded as a sale of the asset. Therefore, the lessor recognizes a selling profit, which is similar to the profit recognized in the sale of a fixed asset.
In contrast, a purchase on account is a transaction where the buyer purchases goods or services on credit and promises to pay the seller at a later date. An exchange of assets involves the exchange of one asset for another, and a sale of merchandise on account involves the sale of goods on credit. These transactions are different from a sales-type lease with a selling profit.
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antonio has $4000 saved to use for a down payment, and he’s about to buy a car that costs $29,000. how much would you expect his loan principal to be?
The loan principal that Antonio would have, would most likely be $ 25,000.
How to find the loan principal?At the start of a transaction, particularly when acquiring an expensive item such as a car or house, it is customary to provide an initial payment in cash known as a down payment.
If Antonio pays $4,000 upfront and the car costs $29,000 in its entirety, the loan principal would represent the dissimilarity between these values.
The loan principal is therefore:
= Total cost of the car - Down payment
= $ 29, 000 - $ 4 ,000
= $25,000
Therefore, we can expect Antonio's loan principal to be $25,000.
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The loan principal Antonio would need to secure is $25,000, calculated by subtracting his $4000 down payment from the total car cost of $29,000.
Explanation:Antonio has $4000 saved for a down payment on a car costing $29,000. The loan principal, or the total amount Antonio needs to borrow to cover the remaining cost of the car, can be calculated by subtracting the down payment from the total cost of the car. Therefore, Antonio's loan principal would be $29,000 - $4000, which equals $25,000. The loan principal is the initial amount of money borrowed before any interest or fees are added.
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Product costs: multiple choice are expensed as cost of goods sold when the product is sold. are expenditures identified more with a time period rather than with units of product. include selling and administrative expenses. are expensed on the income statement when incurred. are moved to the income statement for any unsold inventory at the end of the year.
Product costs are the expenses associated with manufacturing a product or providing a service. These costs include direct materials, direct labor, and overhead. Option A
These costs are typically identified with units of product, meaning they are directly related to the production of a specific product or service. Product costs are expensed as cost of goods sold when the product is sold, which means that they are moved to the income statement as an expense when the revenue from the sale is recognized.
On the other hand, selling and administrative expenses are not directly related to the production of a specific product or service. These expenses are identified more with a time period rather than with units of product. Selling expenses are incurred to promote and sell products, while administrative expenses are incurred to support the general operation of the business. These expenses are also expensed on the income statement when incurred, but they are not included in the cost of goods sold calculation.
At the end of the year, any unsold inventory is considered a current asset and is recorded on the balance sheet. However, the product costs associated with this inventory are not expensed until the inventory is sold, at which point they are moved to the income statement as cost of goods sold. If the inventory is not sold, the product costs associated with it are still expensed, but they are moved to the income statement as a separate expense item.
Overall, product costs are directly related to the production of a specific product or service, while selling and administrative expenses are more general expenses that support the operation of the business. Both types of expenses are expensed on the income statement when incurred, but they are not included in the same expense category. Option A.
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NOTE- The question seems to be incomplete, The complete question isn't available on the search engine.
He common stock of Leaning Tower of Pita Inc. , a restaurant chain, will generate payoffs to investors next year, which depend on the state of the economy, as follows: Dividend Stock Price Boom $ 8 $ 240 Normal economy 4 90 Recession 0 0 The company goes out of business if a recession hits. Assume for simplicity that the three possible states of the economy are equally likely. The stock is selling today for $80. A-1. Calculate the rate of return to Leaning Tower of Pita shareholders for each economic state. (Negative amounts should be indicated by a minus sign. Enter your answers as a percent rounded to 2 decimal places. ) a-2. Calculate the expected rate of return and standard deviation of return to Leaning Tower of Pita shareholders. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. )
To calculate the rate of return for each economic state, we need to use the formula: (Payoff - Initial Investment) / Initial Investment. The rate of return for each economic state is 210%, 17.5%, and -100%. The expected rate of return is 14.17% and the standard deviation of return is 84.37%.
For the Boom state, the payoff is $8 in dividends and $240 in stock price. So the total payoff is $248. The rate of return is then: ($248 - $80) / $80 = 210%.
For the Normal state, the total payoff is $94 ($4 in dividends and $90 in stock price). The rate of return is then: ($94 - $80) / $80 = 17.5%.
For the Recession state, the company goes out of business and the payoff is $0. The rate of return is then: ($0 - $80) / $80 = -100%.
To calculate the expected rate of return, we need to take the weighted average of the rate of return for each state, where the weights are the probabilities of each state. Since each state is equally likely, the probability is 1/3 for each state.
So the expected rate of return is: (210% + 17.5% - 100%) / 3 = 42.5% / 3 = 14.17%.
To calculate the standard deviation of return, we need to use the formula: SQRT(SUM[(Ri - Rmean)^2 * Pi]), where Ri is the rate of return for each state, Rmean is the expected rate of return, and Pi is the probability of each state.
So the standard deviation is: SQRT[((210% - 14.17%)^2 * 1/3) + ((17.5% - 14.17%)^2 * 1/3) + ((-100% - 14.17%)^2 * 1/3)] = 84.37%.
In summary, the rate of return for each economic state is 210%, 17.5%, and -100%. The expected rate of return is 14.17% and the standard deviation of return is 84.37%. These calculations indicate that while there is potential for a high rate of return in a boom state, there is also a significant risk of losing all investment in a recession. The expected rate of return and standard deviation suggest that the investment is relatively risky overall.
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question jeannie schedules a meeting with her sales colleagues scattered across the country. she needs to be cost effective and time sensitive so she sets up a meeting online where all can see and hear each other in order for the sales figures to be worked through as a team. this is an example of which type of business communication?
Jeannie scheduling a meeting with her sales colleagues scattered across the country and setting up an online meeting for them to see and hear each other is an example of virtual business communication.
This type of communication involves the use of technology to facilitate interactions among people in different locations. Virtual communication has become increasingly popular in recent times as it allows businesses to reduce costs associated with travel and saves time. It also allows for effective collaboration among team members regardless of their location.
Virtual communication can take different forms, such as video conferencing, webinars, instant messaging, and email. In this case, Jeannie is using video conferencing to hold the meeting. Video conferencing allows for visual communication, which can enhance understanding and engagement among participants. It also enables real-time communication, where participants can see and hear each other, making it easier to work together as a team.
In summary, Jeannie's scheduling of an online meeting for her sales colleagues is an example of virtual business communication, which allows for cost-effective and time-sensitive interactions among team members in different locations. It is an effective way of collaborating and working together as a team despite the physical distance.
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Another name for the carer is a respite worker true or false?
The given statement that "Another name for carer is a respite worker" is True.
A carer is someone who provides support and care to a person who needs assistance with daily living tasks due to illness, disability, or old age. A respite worker, on the other hand, is someone who provides temporary relief to carers by taking over their responsibilities for a short period of time.
This allows carers to take a break, attend to their own needs or responsibilities, or simply recharge their batteries. Respite workers can provide care in a variety of settings, including in the person's home, in a care facility, or in the community.
They may be employed by a government agency, a non-profit organization, or a private company. In some cases, respite workers may be family members or friends who step in to help out on a temporary basis. While the terms "carer" and "respite worker" are not synonymous, they are closely related and often work together to ensure the wellbeing of the person receiving care.
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during the closing phase, the project team should meet to group of answer choices review and evaluate performance of the project. get to know each other. help the team form to be able to perform efficiently on the project. control the schedule and the costs.
During the closing phase, the project team should meet to review and evaluate performance of the project. So the option A is correct.
During the closing phase, the project team should meet to review and evaluate performance of the project. This meeting should focus on the successful completion of the project, including whether or not the project met the set goals, objectives and outcome expectations.
The meeting should also review the project team’s accomplishments, identify any areas that need improvement, and discuss any lessons learned.
Additionally, the meeting should review the project budget and timeline, and assess the overall quality of the project and its deliverables. At the conclusion of the meeting, the project team should develop a plan for closing out the project and documenting the project’s outcomes. So the option A is correct.
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The complete question is:
During the closing phase, the project team should meet to
Group of answer choices
A. review and evaluate performance of the project.
B. get to know each other.
C. help the team form to be able to perform efficiently on the project.
D. control the schedule and the costs.
Aces Inc. , a manufacturer of tennis rackets, began operations this year. The company produced 5,400 rackets and sold 4,300. Each racket was sold at a price of $84. Fixed overhead costs are $66,960, and fixed selling and administrative costs are $64,600. The company also reports the following per unit costs for the year:
Variable production costs $24. 40
Variable selling and administrative expenses $1. 40
Required:
Prepare an income statement under absorption costing.
ACES INC.
Absorption Costing Income Statement
Sales $374,000
Less: Variable costs
Variable production costs
Fixed overhead costs
Cost of goods sold
Gross margin
Selling general and administrative expenses
Fixed selling and administrative costs
Variable selling and administrative expenses
Net income (loss)
The income statement shows that ACES INC. had a net income of $118,100 for the year, after considering all the variable and fixed costs associated with producing and selling tennis rackets.
To prepare an income statement under absorption costing, we need to consider both variable and fixed costs that are associated with the production and sale of tennis rackets.
Sales: 4,300 x $84 = $360,600
Variable production costs: 4,300 x $24.40 = $104,920
Fixed overhead costs: $66,960
Cost of goods sold: $104,920 + $66,960 = $171,880
Gross margin: $360,600 - $171,880 = $188,720
Variable selling and administrative expenses: 4,300 x $1.40 = $6,020
Fixed selling and administrative costs: $64,600
Selling general and administrative expenses: $6,020 + $64,600 = $70,620
Net income: $188,720 - $70,620 = $118,100
Therefore, the income statement under absorption costing for ACES INC. would look like:
ACES INC.
Absorption Costing Income Statement
Sales $374,000
Less: Variable costs
Variable production costs $104,920
Fixed overhead costs $66,960
Cost of goods sold $171,880
Gross margin $188,720
Selling general and administrative expenses $70,620
Fixed selling and administrative costs $64,600
Variable selling and administrative expenses $6,020
Net income $118,100
This income statement shows that ACES INC. had a net income of $118,100 for the year, after considering all the variable and fixed costs associated with producing and selling tennis rackets.
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In a market of the supply price is p=15-0.75q find equilibrium price and quantity, if the government impose a per unit tax of 4cedis. how much of a price rise will this tax mean to the consume, what will be the tax revenue raised
Tax revenue = 4 * 22 = 88 cedis. To find the equilibrium price and quantity, we need to set the supply price equal to the demand price.
The demand price is not given in the problem, but we can assume that it is a linear function of quantity, such as p = a - b*q. To find the values of a and b, we need two points on the demand curve.
Let's assume that at a price of p = 10, the quantity demanded is q = 20, and at a price of p = 20, the quantity demanded is q = 5. Using these two points, we can find the demand equation:
b = (20-5)/(10-20) = 1.5
a = 10 + b*20 = 40
So the demand equation is p = 40 - 1.5q. Setting this equal to the supply equation, we have: 15 - 0.75q = 40 - 1.5q
Solving for q, we get q = 20. Substituting this into either equation, we can find the equilibrium price:
p = 40 - 1.5*20 = 10
So the equilibrium price is 10 cedis and the equilibrium quantity is 20 units. Now let's consider the effect of a per unit tax of 4 cedis. The new supply equation is: p = 15 - 0.75q - 4 = 11 - 0.75q
To find the new equilibrium price and quantity, we again set the supply price equal to the demand price:
11 - 0.75q = 40 - 1.5q
Solving for q, we get q = 22. Substituting this into either equation, we can find the new equilibrium price: p = 40 - 1.5*22 = 7
So the new equilibrium price is 7 cedis and the new equilibrium quantity is 22 units.
The price rise to the consumer due to the tax is the difference between the new equilibrium price and the old equilibrium price, which is 7 - 10 = -3 cedis. This means that the consumer pays 3 cedis less per unit than before the tax, but the total price including the tax is higher.
The tax revenue raised is equal to the tax per unit multiplied by the quantity sold: tax revenue = 4 * 22 = 88 cedis
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Innovative structures are commonly structured as flatorganizations with limited ______.a. coordination with cross-functional teamsb. bureaucracyc. flexibilityd. divisions"
Innovative structures are commonly structured as flat organizations with limited b) bureaucracy.
Innovative structures refer to organizational designs that promote creativity, collaboration, and agility. One of the most common features of innovative structures is a flat organizational hierarchy, which means that there are fewer layers of management and decision-making authority is decentralized.
This promotes faster communication, greater employee engagement, and more flexibility. In contrast to traditional hierarchical structures, flat organizations have limited bureaucracy, meaning that there are fewer rules and procedures to follow.
This allows for greater autonomy and creativity among employees, which can lead to more innovative ideas and solutions. By promoting a culture of collaboration and open communication, flat organizations can support cross-functional teams and enable more effective coordination among different departments or areas of expertise.
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The hedonic property value method can be used to estimate lost non-use value associated with oil pollution at remote ,uninhabited location (yes or no). explain your answer (3 marks).
Yes, the hedonic property value method can be used to estimate lost non-use value associated with oil pollution at remote, uninhabited locations.
The hedonic property value method is a widely used technique to measure the non-use value of environmental goods and services. This method uses property values as a proxy for the benefits derived from the environment.
In the case of remote, uninhabited locations affected by oil pollution, the hedonic property value method can be used to estimate the value that people attach to these pristine areas, even though they may not be directly using them. This value can be estimated by comparing property values of similar areas that are not affected by oil pollution. The difference in property values can be attributed to the lost non-use value associated with the oil pollution.
This method is particularly useful for remote, uninhabited locations as it is often challenging to directly measure the value that people attach to these areas. The hedonic property value method provides a reliable and objective way to estimate the non-use value of these areas, which can be used in cost-benefit analysis to inform policy decisions.
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Picture frames selling at $45 each have a variable cost is $15 each. The fixed costs of operating the shop are $7,500 per month. Given this data, the break-even point in number of units is: ___________
a. 650.
b. 500.
c. 475.
d. 250.
The break-even point in number of units is 250. Option D is correct.
The break-even point is the level of sales or production where the total revenue received by a business is equal to its total costs. At this point, the business is neither making a profit nor sustain a loss. The break-even point can be calculated by analyzing the relationship between fixed costs, variable costs, and revenue.
To calculate the break-even point in number of units, we can use the formula;
Break-even point (in units) =Fixed costs/(Price per unit - Variable cost per unit)
Plugging in the given values, we get;
Break-even point (in units) = $7,500 / ($45 - $15)
= $7,500 / $30
= 250 units
Therefore, the break-even point in number of units will be 250.
Hence, D. is the correct option.
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Write a short, one to three-page, a paper about CRM system/software implementation failures and CRM system/software implementation successes. This paper must compare the reasons for CRM failures from two scholarly articles and compare the reasons for CRM successes from two different scholarly articles. Here are a few guiding questions:What are the failure/success reasons?Do the articles identify the same failure/success reasons?Why is/are the reasons the same/different?
Customer Relationship Management (CRM) software is an essential tool for managing customer interactions, tracking sales, and improving customer satisfaction.
However, not all CRM implementations are successful. In this paper, we will compare the reasons for CRM failures from two scholarly articles and compare the reasons for CRM successes from two different scholarly articles. One reason for CRM implementation failures is poor planning and execution.
According to a study by Wang and Feng (2012), poor planning and execution can lead to a lack of alignment between the CRM system and business processes, which can cause confusion and frustration among employees. Another reason for CRM implementation failures is resistance to change. A study by Reichheld (2000) found that employees may resist using new software because they are comfortable with their current processes or they fear that their jobs will be replaced by automation. In contrast, a study by Parvatiyar and Sheth (2001) found that successful CRM implementations are characterized by a customer-centric culture, in which the customer is at the center of all decision-making. Another factor that contributes to successful CRM implementations is effective data management. According to a study by Chen and Popovich (2003), successful CRM implementations require accurate, timely, and relevant data that is easily accessible to all users.
The articles identified some similar reasons for CRM implementation failures, such as poor planning and execution. However, the studies also identified some different reasons for CRM failures. For example, Wang and Feng (2012) identified a lack of alignment between the CRM system and business processes as a reason for failure, while Reichheld (2000) identified resistance to change. These differences may be due to variations in the research methodology, sample size, or industry sector. Similarly, the articles identified some similar reasons for CRM implementation successes, such as a customer-centric culture. However, the studies also identified some different reasons for CRM successes. For example, Parvatiyar and Sheth (2001) identified a customer-centric culture as a key success factor, while Chen and Popovich (2003) emphasized the importance of effective data management. These differences may reflect differences in the research focus or the specific industries or companies studied.
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Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0. 50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. What is the total cost of direct materials for November to meet production needs
In the master budget that Whistle Works manufacturers prepares, the total cost of direct materials for November to meet production needs is $16,500.
To calculate the total cost of direct materials for November, we need to consider the amount of materials required for production and the desired ending inventory level.
Whistle Works uses 3 ounces of metal to produce each whistle, and with a sales price of $12 per whistle, we can assume a contribution margin of $11.50 per unit.
Assuming Whistle Works plans to produce 10,000 units in November, they will need a total of 30,000 ounces of metal (3 ounces per unit x 10,000 units). The cost of metal per ounce is $0.50, so the total cost of direct materials for November is $15,000 (30,000 ounces x $0.50 per ounce).
However, Whistle Works also prefers to have 10% of the materials required for the following month's production in ending inventory. If they plan to produce 10,000 units in December as well, they will need an additional 30,000 ounces of metal.
Therefore, they will need to have 3,000 ounces of metal (10% of 30,000 ounces) in ending inventory for November. This adds an additional cost of $1,500 to the total cost of direct materials, bringing the total to $16,500 for November.
In summary, the total cost of direct materials for November to meet production needs is $16,500. This includes the cost of metal required for production as well as the cost of materials required for the desired ending inventory level.
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Limitations and applicability of organizational behaviour model
Organizational behaviour models are frameworks that describe and analyze the behaviour of individuals, groups, and organizations in the workplace. While these models can provide valuable insights into the complexities of organizational behaviour, they also have some limitations and applicability concerns. Here are some of the main limitations and applicability concerns of organizational behaviour models:
1. Simplification of complex phenomena: Organizational behaviour models often simplify complex workplace phenomena, which can limit their usefulness in predicting or explaining actual behaviour. For example, models that assume individuals always act rationally may not capture the complexities of real-world decision-making.
2. Cultural and situational differences: Many organizational behaviour models are based on Western assumptions and values, which may not be applicable to other cultures or situations. For instance, models that emphasize individualism may not work as well in collectivist cultures.
3. Lack of empirical support: Some organizational behaviour models lack empirical support, meaning there is little evidence to back up their claims. This can limit their usefulness in practice.
4. Overemphasis on individual behaviour: Some organizational behaviour models focus primarily on individual behaviour, ignoring the important role of group and organizational dynamics. This can limit their usefulness in understanding complex workplace issues.
5. Time-bound and context-specific: Organizational behaviour models are often time-bound and context-specific, meaning they may only be applicable to certain periods or situations. For instance, models that assume stable environments may not be useful in rapidly changing industries.
Despite these limitations, organizational behaviour models can still provide valuable insights into workplace behaviour. When used appropriately, they can help organizations identify areas for improvement, develop effective management strategies, and create more positive work environments. It is important, however, to approach these models with a critical eye and consider their limitations and applicability concerns.
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A process is considered to be minimally capable if itsprocess capability index is:a. Not less than 1.0b. Less than 1.0c. Between -1.0 and +1.0d. Greater than 2.0
A process is considered to be minimally capable if its process capability index is less than 1.0. Option B is the answer.
The process capability index, also known as CpK, is a statistical measure of the ability of a system to produce output that satisfies customer specifications. It is used to quantify how well a process performs relative to its customer requirements, as well as to compare different processes.
A process capability index of at least 1.0 is considered to be adequate. If the process capability index is less than 1.0, the process is deemed to be minimally capable, which means that it cannot meet customer requirements to the extent that is needed.
Therefore, the correct answer is option B: Less than 1.0.
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Ideally how does an organization apply the concept of preference to ensuring consistency of decision making across different units of the organization
The concept of preference in decision making is crucial for an organization to ensure consistency across different units. Ideally, an organization can apply this concept by establishing clear and consistent criteria for decision making, communicating these criteria to all units, and regularly evaluating decision outcomes.
This includes the identification of key stakeholders and their preferences, as well as an understanding of the organization's values and goals. By incorporating preference into decision making, an organization can avoid making decisions based solely on personal bias or situational factors, and instead make decisions that are fair and objective.
This can also help to build trust and transparency within the organization and improve overall performance.
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