False. Manufacturing businesses typically utilise activity-based costing to calculate product costs. Yet, in order to determine the costs associated with offering different services to clients, service organisations may also employ activity-based costing.
The goal of the cost accounting technique known as "activity-based costing" (ABC) is to determine the expenses related to certain organisational activities. It acknowledges that not all activities use resources at the same pace and that conventional cost-allocation techniques can produce erroneous product or service pricing. Based on how many resources are used, ABC assigns costs to particular tasks like assembling a machine, fulfilling an order, or testing a product. This strategy gives businesses a more accurate image of the true cost of goods or services, enabling them to decide on pricing, production, and investment strategies more effectively. Although ABC can take longer and be more difficult than conventional costing techniques, it is especially helpful for service organisations that have a large percentage of indirect costs.
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aggregate expenditure includes all of the following components except
Consumption spending Net Exports Government spending Aggregate demand
Aggregate demand is not a component of aggregate expenditure. Option D is correct.
Aggregate expenditure is the total amount of spending on goods and services in an economy, and it includes four components: consumption spending, investment spending, government spending, and net exports (exports minus imports).
Consumption spending refers to the spending by households on goods and services, while investment spending refers to spending by businesses on capital goods such as machinery, equipment, and buildings. Government spending includes spending by all levels of government on goods and services, while net exports refer to the difference between exports and imports.
Aggregate demand, on the other hand, refers to the total demand for goods and services in an economy at a given price level. It is determined by the aggregate expenditure in the economy, but also takes into account other factors such as changes in the money supply, interest rates, and expectations about future economic conditions. Option D is correct.
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multiple choice question inflows and outflows of cash related to the transactions used to determine net operating income are what type of activities? multiple choice question. financing operating investing income
The inflows and outflows of cash related to the transactions used to determine net operating income are known as operating activities.(B)
Inflows and outflows of cash related to the transactions used to determine net operating income are called operating activities. In the statement of cash flows, operating activities are shown first, followed by investing activities and financing activities.
These activities are included in a company's statement of cash flows, which shows how the company uses cash over time.There are three categories of activities in a statement of cash flows, each of which contributes to the company's cash inflows and outflows.
They are as follows:Operating activities: This category includes the company's primary business activities.
These activities have a direct effect on the company's cash inflows and outflows, and they are used to calculate the company's net operating income.Investing activities: This category includes the purchase or sale of long-term assets, such as property, plant, and equipment.
Investing activities can have an impact on the company's future profitability, but they do not have a direct effect on cash flow.Financing activities: This category includes activities related to the company's financing, such as borrowing money or issuing stock. These activities can have a significant impact on the company's cash inflows and outflows.
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you decide to take $300 out of your piggy bank at home and place it in the bank. if the reserve requirement is 5 percent, how much can your $300 increase the amount of money in the economy?
The amount of money in the economy that your $300 can increase depends on the reserve requirement.
Since the reserve requirement is 5%, your $300 deposit can increase the amount of money in the economy by $15 (300 x 0.05 = 15). This is because banks are required to hold a portion of their deposits in reserve, but can lend out the remaining portion.
For every dollar that is held in reserve, banks can loan out a certain amount. In this case, the ratio is 1:20, meaning that the bank can loan out $20 for every $1 held in reserve.
Thus, the $15 that is held in reserve can be loaned out, increasing the amount of money in the economy by $300 (15 x 20 = 300).
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which stage of the product life cycle is marked by low sales, little to no profit, and little competition?
The stage of the product life cycle marked by low sales, little to no profit, and little competition is the Decline stage.
In the Decline stage, the product has gone out of style and sales are on the decline. Profit is usually minimal or nonexistent due to a decrease in demand and increasing competition.
Companies may exit the market, products may be discontinued, and companies may no longer invest in product innovation.
Companies may also look for new and innovative ways to extend the life of their product in this stage. In order to do so, they may reduce the cost of their product or look for ways to repackage or re-brand the product.
It is important to note that not all products enter the decline stage, and some can remain successful for extended periods of time.
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cadie construction co. signed a note promising to pay a cement supplier $1,000 60-days from now. as a result of this transaction, cadie would record a(n) on her balance sheet. multiple choice question. prepaid expense short-term note payable account payable long-term note payable
When Cadie Construction Co. signs a note promising to pay a cement supplier $1,000 60-days from now, the company would record a short-term note payable on her balance sheet. Option B is the correct answer.
A short-term note payable is a liability in which an entity borrows money from a creditor and signs a promissory note that documents its promise to pay back the borrowed sum. Short-term notes payable mature in less than one year and are usually for much less significant sums of money than long-term notes payable.
A short-term note payable is a written promise to pay an amount in cash or assets at a certain time. It is a legal obligation that a company owes another company or an individual. The holder of the note is considered the lender, and the issuer of the note is known as the borrower.
A balance sheet is a financial report that provides a snapshot of a company's financial situation at a particular time. It shows how much the company owns, how much it owes, and how much equity it has. Assets, liabilities, and stockholders' equity are the three components of a balance sheet. It provides a view of a company's financial performance and helps investors and creditors in decision-making.
Therefore, when Cadie Construction Co. signs a note promising to pay a cement supplier $1,000 60-days from now, the company would record a short-term note payable on her balance sheet. Option B) Short-term note payable is the answer.
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What is a Balance Sheet?
a company has implemented a new client-server enterprise resource planning system. local branches transmit customer orders to a central manufacturing facility. which of the following would best ensure that the orders are processed accurately, and the corresponding products are produced? supervisor approving orders prior to production verifying production of customer orders using hash totals in the order transmitting process logging all customer orders in the enterprise resource planning system
The best way to ensure that customer orders are processed accurately and that the corresponding products are produced is by implementing a few steps in the order transmission process. First, supervisors should approve orders prior to production.
This step ensures that orders have been reviewed and approved prior to being sent to the manufacturing facility. Second, each order should be verified using hash totals. This helps to ensure that the order is received correctly and that the data is secure.
Lastly, all customer orders should be logged in the enterprise resource planning system. This way, the orders can be tracked from the time they were placed until they are delivered to the customer. By implementing these steps, the company can be certain that all customer orders are processed accurately and that the corresponding products are produced.
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what are the three broad targeting strategies used by marketers? A. Mass marketing, differentiated marketing, and micromarketing. B. Mass marketing, undifferentiated marketing, and micromarketing. C. Undifferentiated marketing, differentiated marketing, and concentrated marketing.
The three broad targeting strategies used by marketers is Mass marketing, differentiated marketing, and micromarketing. So the correct option is A.
The correct option is A as according to market segmentation, the market should be divided into manageable chunks to be more effective and efficient. Market targeting strategies outline how businesses examine and choose the target market segments they can best serve and where they can make the most money. There are four key segments that may be used to group the market targeting techniques.
Undifferentiated MarketingDifferentiated MarketingConcentrated MarketingMicromarketingThe organization must take into account three key factors when comparing various market segments to determine which is the best one for the product in order to determine which market strategies are most feasible for the company. The correct option is A.
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True/False? in the textbook, the expression quality at the source means that we need to purchase the best quality a supplier or vendor can provide.
The statement "in the textbook, the expression quality at the source means that we need to purchase the best quality a supplier or vendor can provide" is false.
What is Quality at the Source? Quality at the Source is a phrase that refers to quality control procedures that are done at the source, or in the case of manufacturing, at the factory floor. The goal of Quality at the Source is to catch quality problems early in the production process, allowing them to be corrected before they can cause more damage.
The concept of Quality at the Source refers to quality management strategies and systems that are intended to guarantee product quality throughout the production process by actively involving everyone who works on the product's manufacture.
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lisa has decided that with the three hours in between classes she can do one of 3 things. she has ranked her choices, from highest to lowest as, (1) hang out with her friends, (2) study economics or (3) take a nap. the opportunity cost of hanging out with her friends is: group of answer choices the value of taking a nap the value of hanging out with her friends. the value of studying economics. the combined value of studying economics and taking a nap. zero since she does not pay her friends to hang out with her.
Lisa has ranked her choices, from highest to lowest, as (1) hang out with her friends, (2) study economics or (3) take a nap. The opportunity cost of hanging out with her friends is the value of studying economics.
Opportunity cost refers to the benefits that could have been achieved if the money, resources, or time that was spent on one thing was used on something else that would have provided a higher return.
The true cost of an economic option or decision is the opportunity cost. The value of the opportunity cost of hanging out with her friends is the value of studying economics.
Lisa's best option for utilizing her 3 hours is to study economics since this is the most valuable use of her time. She could hang out with her friends or take a nap, but the opportunity cost of doing so is the value of studying economics.
So, the opportunity cost of hanging out with her friends is the value of studying economics.
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Holding large amounts of bank capital helps prevent bank failures becauseQuestion 6 options:A)it means that the bank has a higher income.B)it makes loans easier to sell.C)it makes it easier to call in loans.D)it can be used to absorb the losses resulting from bad loans.In order to obtain a high return on equity for their stockholders, banks want to:Question 7 options:hold a high amount of equity as reserves in case of deposit outflowshold a low amount of equity to assets to keep the bank smallhold a high amount of equity to assets to minimize interest paymentshold a low amount of equity to assets to spread the profit on fewer stock holdersBank A has $52 in reserves. The bank has given out $490 in loans and has $470 in deposits. The reserve requirement is 10%. The maximum the bank can afford to lose in loan defaults without being insolvent (and going bankrupt) is:Give your answer with NO DECIMALS and no $, comma or other signs.Your Answer:Bank A - balance sheet:ASSETS LIABILITIESReserves $22 Deposits: $190Securities $20 Borrowing $ 20Loans $181 Capital $ 13What is the highest amount below that Bank A can afford to lose on loans without being insolvent?Question 9 options:$3$10$12$22
Bank A can afford to lose up to $12 on loans without becoming insolvent.
This is because the reserves that Bank A has set aside, in this case $52, are enough to absorb any losses up to the 10% reserve requirement, which in this case is $49. This means that if Bank A loses up to $12, the remaining $37 would still be enough to meet the 10% reserve requirement, which is the maximum allowable for the bank to remain solvent. However, if the bank were to lose more than $12, the remaining reserves would not be enough to meet the 10% reserve requirement, meaning that Bank A would become insolvent and potentially go bankrupt.
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which is a significant noncash activity? multiple choice question. receiving proceeds from sale of stock. signing a note payable in exchange for land. repurchasing common stock. collecting on customer accounts.
The significant non-cash activity among the following options is: collecting on customer accounts.
What is noncash activity?Noncash activity refers to transactions that do not involve the exchange of cash between two parties. These activities may include the issuance of stock, the exchange of assets, or the accrual of expenses or revenue.
While noncash transactions do not involve the exchange of cash, they still impact a company's financial statements and can be an important indicator of the company's financial health. Noncash activity is recorded on the cash flow statement, which shows how a company's cash balance has changed over a given period of time.
Understanding a company's noncash activity can be important for investors and analysts in assessing a company's financial performance and future prospects.
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according to the capm, what is the market risk premium given an expected return on a security of 19.6%, a stock beta of 1.2, and a risk-free interest rate of 10%? a) 12.00% b) 6.60% c) 10.00% d) 8.00%
The market risk premium given an expected return on a security of 19.6%, a stock beta of 1.2, and a risk-free interest rate of 10% according to CAPM is option D) 8.00%.
The CAPM (Capital Asset Pricing Model) is a model that calculates the expected return of an asset based on its expected market return and its sensitivity to market risk.
The formula for CAPM is as follows:
Expected Return on a Security = Risk-Free Rate + (Market Risk Premium × Beta)
Where:
Risk-Free Rate: The interest rate offered by risk-free investments such as government bonds
Market Risk Premium: The difference between the market's expected return and the risk-free rate
Beta: The asset's volatility relative to the market
The market risk premium can be calculated using the following formula:
Market Risk Premium = Expected Market Return - Risk-Free Rate
Where:
Expected Market Return: The expected return of the market portfolio
Risk-Free Rate:
Expected Return on a Security = Risk-Free Rate + (Market Risk Premium × Beta)
We are given the following values:
Expected Return on a Security = 19.6%
Risk-Free Rate = 10%
Beta = 1.2
To calculate Market Risk Premium, rearrange the formula as follows:
Market Risk Premium = (Expected Return on a Security - Risk-Free Rate) / BetaMarket Risk Premium
= (19.6% - 10%) / 1.2Market Risk Premium
= 9.6% / 1.2
Market Risk Premium = 8.00%
Therefore, the correct answer is option D) 8.00%.
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the belief by a consumer researcher that human thought is supreme and that a single, objective truth may be uncovered by science, is refered to as the paradign of . positivism fundamentalism interpretivism postmodernism
The belief by a consumer researcher that human thought is supreme and that a single, objective truth may be uncovered by science is referred to as the paradigm of positivism.
What is positivism?
Positivism is a philosophy of science founded by Auguste Comte in the 19th century, which emphasizes empirical observation and the scientific method's use in the study of human society and natural phenomena.
Positivism emphasizes the importance of obtaining and verifying empirical evidence, as well as analyzing that data using logical reasoning.
The consumer researcher's belief in the supremacy of human thought and the possibility of uncovering a single objective truth through science aligns with the paradigm of positivism.
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In Milgram's study, what percentage of the participants fully obeyed the experimenter and administered
the maximum level of shock?
a. 5% b. 35%
c. 65% d. 95%
The correct answer is (c) 65%. In Milgram's study, 65% of the participants fully obeyed the experimenter and administered the maximum level of shock.
Milgram's study was a series of social psychology experiments conducted by psychologist Stanley Milgram in the 1960s. The study aimed to investigate how far people would go in obeying an authority figure, even if it meant harming another person. The participants were instructed to administer electric shocks to another person (who was actually a confederate and not actually receiving shocks) if they answered questions incorrectly.
The shocks increased in voltage with each wrong answer, and the confederate would eventually scream and refuse to continue. Despite this, Milgram found that a surprisingly high percentage of participants, around 65%, continued to administer the shocks all the way up to the maximum level. The study caused controversy and ethical concerns about the treatment of human subjects in psychological research, but also shed light on the power of obedience to authority figures.
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based on an aging of accounts receivables, management assigned 1% to the $100,000 of receivables 0-30 days outstanding, 5% to the $10,000 receivables 31-60 days and 20% to the $1,000 of receivables over 60 days. after making the adjusting entry the balance in the allowance for doubtful accounts will equal
The balance in the allowance for doubtful accounts will be $6,500.
This is calculated as follows:
$100,000 x 1% = $1,000
$10,000 x 5% = $500
$1,000 x 20% = $200
Total allowance = $1,000 + $500 + $200 = $1,700
Current balance in allowance = $5,500
Adjusting entry = $1,700 - $5,500 = -$3,800 (debit)
Final balance in allowance = $5,500 + (-$3,800) = $1,700
The aging of accounts receivable helps management estimate the percentage of receivables that may not be collected. Based on this analysis, specific percentages are applied to different categories of receivables.
These percentages are then used to calculate the estimated amount of doubtful accounts, and the allowance for doubtful accounts is adjusted accordingly. In this case, the adjustment results in an increase of $1,700 in the allowance for doubtful accounts, bringing the final balance to $6,500.
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the fastest method to transfer know-how from one business firm to another one is to group of answer choices a) virtually integrate the two firms. b) transfer key people into new management positions. c) share support activities, such as purchasing practices. d) restructure the weaker firm to mirror the structure of the more successful firm.
The fastest method to transfer know-how from one business firm to another one is to virtually integrate the two firms. (A)
Virtual integration allows for the sharing of ideas, knowledge, and technology between the two firms, which is often done through virtual networks. This is much quicker than transferring key people into new management positions , sharing support activities , or restructuring the weaker firm
Virtual integration allows for a quick and cost-effective sharing of knowledge between the two firms, reducing the need for expensive re-structuring and long-term integration processes.
This allows the two firms to quickly and efficiently utilize the know-how and resources available to them, without disrupting their day-to-day operations.
Additionally, virtual integration provides a platform for future collaborations and improvements, which can help both firms remain competitive in their respective markets.(A)
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does the presence of online auction sites, such as ebay, make it easier or harder for traditional retailers and wholesalers to engage in profitable price discrimination? explain.
Online auction sites like eBay make it easier for traditional retailers and wholesalers to engage in profitable price discrimination. Price discrimination occurs when different consumers are charged different prices for the same product.
On online auction sites, sellers are able to set different prices for the same item, depending on the bidder's willingness to pay. This allows retailers and wholesalers to identify those consumers who are willing to pay the most for a product and charge them accordingly.
In addition, auction sites reduce the cost of information gathering, enabling sellers to more accurately assess the true value of their products.
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what information is contained in the insuring agreement of an insurance policy? a description of the property or life to be insured a summary of the major promises of the insurer a summary of the obligations of the insured a list of the property, losses, and perils that are not covered
The information is contained in the insuring agreement of an insurance policy contains a summary of the major promises of the insurer. It outlines the obligations the insurer will fulfill and the coverage they provide. It includes a description of the property or life to be insured, as well as a list of property, losses, and perils that are not covered by the policy.
In more detail, the insuring agreement outlines what the insurance policy covers and what it does not. It also includes details about the insurer's promises, such as the amount and duration of coverage, and any limits or exclusions. The agreement also states the conditions that must be met in order for the insurer to provide coverage. Finally, it outlines the process for filing a claim and obtaining reimbursement.
In summary, the insuring agreement of an insurance policy outlines the coverage and obligations of the insurer and contains a description of the property or life to be insured, a summary of the insurer's promises, a list of property, losses, and perils not covered, and the conditions and procedures for filing a claim.
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a form of spec, is/are the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, especially the online community, rather than from traditional employees or contractors
Crowdsourcing is a form of spec, the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, especially the online community, rather than from traditional employees or contractors.
Crowdsourcing is a new means of collaborating with the public to collect and apply ideas, knowledge, skills, or content to achieve organizational objectives. Crowdsourcing platforms allow people to work together to achieve a common goal, such as collecting ideas for an advertising campaign, solving a problem, or producing content. The method is becoming increasingly popular among companies looking for low-cost or efficient methods of collecting feedback or data from customers, crowdsourcing can be used in both for-profit and non-profit organizations.
So, it is a way to have work done by a large group of people, often online, without having to hire permanent employees to do it. The following are the benefits of crowdsourcing: It is an inexpensive way to get results. Crowdsourcing can help businesses stay ahead of the competition. Crowdsourcing can increase engagement with consumers. Crowdsourcing can be an excellent way to create a sense of community. Crowdsourcing can provide businesses with access to a broader talent pool. Crowdsourcing can be an excellent way to generate new ideas.
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the project utilizes a vendor to provide the technicians for a national network upgrade project. the buyer agrees to pay the vendor an incentive fee. of the following, which is the most logical reason the buyer would pay the fee? seleccione una: a. the buyer wants to ensure that the vendor will work well with the buyer's employees b. the buyer wants to ensure that the vendor's standard of productivity is aligned to that of the buyer c. the buyer wants to ensure that the vendor will be responsive to any issues that arise during the upgrade d. none of the answers
The most logical reason the buyer would pay an incentive fee to a vendor who provides technicians for a national network upgrade project is "c. the buyer wants to ensure that the vendor will be responsive to any issues that arise during the upgrade."
The incentive fee is a reward or bonus that the buyer pays to the vendor to make sure that the vendor is incentivized to finish the project on time, with good quality work and is responsive to any issues that arise during the upgrade. Answer a. and b. are incorrect because the buyer doesn't need an incentive fee to ensure that the vendor will work well with the buyer's employees or that the vendor's standard of productivity is aligned with that of the buyer. The vendor will need to meet the buyer's requirements to be awarded the contract. Therefore, the incentive fee would not be required to ensure that these requirements are met.
Answer d. is also incorrect because the buyer has a logical reason to pay the incentive fee. They want to ensure that the vendor is incentivized to finish the project on time, with good quality work, and is responsive to any issues that arise during the upgrade.
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which of the following is not a managerial function for top-level executives during the acquisition process? a. searching for viable acquisition candidates b. identifying and pursuing other opportunities with external stakeholders c. preparing for negotiations d. managing the integration process after the acquisition
Shareholders of acquired firms frequently have below-average returns as a consequence of acquisitions, whereas shareholders of acquiring firms frequently experience.
What best describes corporate level strategy?Organizational Level Strategy. A corporate-level strategy is a course of action followed to acquire a competitive edge through the selection and management of a variety of companies that compete in various marketplaces or industries.
What is the name of the approach a company uses to alter the mix of its companies or its financial structure?Restructuring is the process through which a business, usually under financial pressure, makes significant changes to its operational or financial structure. A company may restructure itself in advance of a sale, buyout, merger, change in its overarching objectives, or transfer of ownership.
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if the amount of ending inventory is overstated, the amount of:
If the amount of ending inventory is overstated, the amount of net income will be overstated as well.
This occurs as net income is calculated by subtracting the cost of goods sold from the revenue earned, and if the ending inventory is overstated, the cost of goods sold will be understated. Ending inventory is the total value of inventory remaining at the end of an accounting period. It is important to ensure that the ending inventory is recorded accurately in the books of accounts since it can have a significant impact on net income.
The amount of net income is dependent on several factors, with the cost of goods sold (COGS) being one of the most significant. COGS is the cost of the items sold during the accounting period, and it is calculated by subtracting the beginning inventory from the sum of purchases and freight-in expenses.
The ending inventory is calculated by deducting the cost of goods sold from the cost of goods available for sale.If the amount of ending inventory is overstated, the cost of goods sold will be understated. This implies that net income is overstated since it is calculated by subtracting COGS from revenue earned. As a result, the overstatement of the ending inventory will result in an inaccurate depiction of the profitability of the business.
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3) the purchase price of an income-producing property today is $570,000. after analysis of the expected future cash flows, expected sales price, and expected yield, the investor determines that the future cash flows have a present value (pv) of $580,000. taking into consideration the price of the property today, what is the net present value (npv) of this investment opportunity, and should the investor take the deal? a) $10,000; yes b) $10,000; no c) ($10,000); yes d) ($10,000); no
The purchase price of an income-producing property today is $570,000. The answer is (c) ($10,000); yes.
After analyzing the expected future cash flows, expected sales price, and expected yield, the investor determines that the future cash flows have a present value (PV) of $580,000. Taking into consideration the price of the property today, the net present value (NPV) of this investment opportunity, and whether the investor should take the deal is ($10,000); yes.
The net present value (NPV) formula is as follows: NPV = PV - I,
where: PV is the present value of all future cash flows I is the initial investment
The present value (PV) of future cash flows is $580,000, and the initial investment is $570,000 in this case.
NPV = $580,000 - $570,000
NPV = $10,000
Since the NPV is positive, the investor should take the deal. The answer is (c) ($10,000); yes.
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1.research all entry level of position of hotel 2.job description
3.job title
4.job summary
5.job responsibility
please help me please help due date na nito bukas
Answer: Please Rate + Thank + Brainliest
Explanation:
Sure, I can help you with that! Here's some information on entry-level positions in hotels, including job descriptions, job titles, job summaries, and job responsibilities:
Entry-Level Positions in Hotels:
Front Desk Clerk/ReceptionistHousekeeping StaffFood and Beverage Server/AttendantMaintenance Worker/TechnicianPorter/BellhopJob Description:
Front Desk Clerk/Receptionist: responsible for checking guests in and out, answering phone calls and emails, making reservations, and handling customer inquiries and complaints.Housekeeping Staff: responsible for cleaning guest rooms, common areas, and public spaces, replenishing supplies, and reporting any maintenance issues to the appropriate department.Food and Beverage Server/Attendant: responsible for taking food and beverage orders, serving guests, setting up and cleaning dining areas, and handling payment transactions.Maintenance Worker/Technician: responsible for performing routine maintenance tasks, such as repairing equipment and fixtures, painting, and cleaning.Porter/Bellhop: responsible for helping guests with their luggage, directing them to their rooms, and providing information about the hotel and its amenities.Job Titles:
Front Desk Clerk/ReceptionistHousekeeping StaffFood and Beverage Server/AttendantMaintenance Worker/TechnicianPorter/BellhopJob Summary:
Front Desk Clerk/Receptionist: Provide excellent customer service to guests, check guests in and out, and handle guest inquiries and complaints.Housekeeping Staff: Ensure the cleanliness and comfort of guest rooms and public spaces, report maintenance issues to the appropriate department, and replenish supplies as necessary.Food and Beverage Server/Attendant: Provide excellent customer service, take food and beverage orders, serve guests, and handle payment transactions.Maintenance Worker/Technician: Perform routine maintenance tasks, repair equipment and fixtures, and keep the hotel in good condition.Porter/Bellhop: Provide assistance to guests with their luggage, direct guests to their rooms, and provide information about the hotel and its amenities.Job Responsibilities:
Front Desk Clerk/Receptionist:Check guests in and outHandle phone calls and emailsMake reservationsHandle guest inquiries and complaintsHousekeeping Staff:
Clean guest rooms and public spacesReport maintenance issues to the appropriate departmentReplenish supplies as necessaryFood and Beverage Server/Attendant:Take food and beverage ordersServe guestsSet up and clean dining areasHandle payment transactionsMaintenance Worker/Technician:
Perform routine maintenance tasksRepair equipment and fixturesKeep the hotel in good conditionPorter/Bellhop:
Provide assistance to guests with their luggageDirect guests to their roomsProvide information about the hotel and its amenitiesI hope this helps!
which of the following may lead to competitive advantage? 1. new products, services, and business models; 2. charging less for superior products; 3. responding to customers in real time
The factor which may lead to competitive advantage is "new products, services, and business models". The correct option is 1.
What is a competitive advantage?A competitive advantage refers to the unique advantage that an organization has over its competitors in terms of revenue, customer loyalty, or product quality.
The competitive advantage allows a company to develop and establish itself in the market by providing customers with better value and quality. It is a key component of business strategy, as it allows companies to differentiate themselves from their competitors and develop a stronger market presence.
New products can provide a company with a competitive advantage by allowing them to stand out from their competitors. Companies that are able to develop innovative and unique products that meet customer needs can gain a competitive edge.
New services can provide a company with a competitive advantage by allowing them to differentiate themselves from their competitors. Companies that are able to provide services that are unique, or of a higher quality than their competitors, can gain a competitive edge.
New business models can provide a company with a competitive advantage by allowing them to operate more efficiently or effectively than their competitors.
Therefore, the correct option is 1.
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laurie purchased an entertainment armoire from a national chain furniture retailer. unfortunately, one of the doors did not operate properly, so she called the retailer to complain. a service representative was sent out to adjust the door, but just a few weeks later, the problem reoccurred, so laurie called again and asked for a new armoire. the store manager said that another service rep would have to come out to determine if it was due to a manufacturer's defect before it could be replaced. because the service representative failed to show up, the manager decided to offer laurie a new armoire. unfortunately the replacement had the same problem and laurie demanded her money back. now she tells everyone she knows the problems she's had with this retailer. which value most likely underlies laurie's complaining behavior?
The value that most likely underlies Laurie's complaining behavior is consumerism.
What led to the Laurie's complaining behavior?Laurie had purchased an entertainment armoire from a national chain furniture retailer, but one of the doors did not operate correctly, so she contacted the retailer to complain. A service representative was sent out to adjust the door, but a few weeks later, the problem reoccurred, so Laurie called again and requested a new armoire. However, the store manager stated that another service representative would have to come out to determine whether it was due to a manufacturer's defect before it could be replaced. Because the service representative failed to appear, the manager chose to offer Laurie a new armoire.
Unfortunately, the replacement had the same problem, and Laurie demanded her money back. This experience motivated Laurie to tell everyone she knows about the problems she has had with this retailer.
Consumerism is a social and economic ideology that promotes consumption as a form of social development and economic prosperity. This term refers to a socioeconomic theory that supports the acquisition of goods and services to meet people's needs and wants in a society.
Consequently, we can say that Laurie's complaining behavior is the outcome of her value of consumerism.
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during a sales presentation, the most effective eye contact strategy for a salesperson is to: group of answer choices look at the floor in front of the salesperson look over the heads of the group of buyers scan rapidly from side to side maintain a constant stare with a group of individuals look at each individual for a few seconds
The best eye contact technique for a salesperson during a presentation is to look at the ground in front of them.
What actions ought a salesperson to take while making a presentation?A sales presentation ought to have a thoughtful opening. The salesperson should introduce themselves before giving a sincere overview of the business. In addition to helping them maintain a positive relationship with the prospects, this helps them establish credibility with them.
What actions should a salesperson take while giving a sales presentation?The salesperson should: highlight the benefits that directly meet the demands of the customer during the sales presentation. Success in the sales presentation is comparable to success in ___ because both endeavors are challenging and demand planning, expertise, and understanding. The best eye contact technique for a salesperson during a presentation is to look at the ground in front of them.
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jerry lewis is thinking about purchasing some life insurance. he goes to a company that is owned by shareholders. what type of life insurance company has he gone to?
A mutual insurer is a corporation that is owned by its policyholders, who possess policies as proof of ownership. Mutual companies frequently offer participating policies in which policyholders share the insurer's divisible surplus in the form of policy dividends.
Purchasing life insurance protects your spouse and children from possibly devastating financial losses if something were to happen to you. It offers financial security, aids in debt repayment, aids in the payment of living expenses, and aids in the payment of any medical or final expenses. The primary goal of life insurance is to compensate for lost earnings if an insured individual is unable to work again.
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how much net revenue would this airline generate if it were able to practice perfect price discrimination?
If the airline company was able to practice perfect price discrimination, it would generate a net revenue of $650 million.
Perfect price discrimination is a situation in which a firm charges every consumer the maximum price they are willing to pay for the product or service. This enables the company to increase their revenue and maximize profits as much as possible.
\Assuming that the airline's cost per passenger is zero, and the demand for the ticket at different prices is given below: Price of ticket Number of passengers $700 ,50, $600, 100, $500, 150, $400, 200, $300, 250, $200, 300, $100, 350,Total passengers = 1500.
The maximum amount that each passenger is willing to pay for the ticket is $1000, but the airline can only charge a maximum of $700 for the ticket. Therefore, if the airline company practices perfect price discrimination, it would generate a net revenue of $650 million because they can charge each of the 1500 passengers the maximum amount they are willing to pay.
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an organization that aims to differentiate products and services across country markets is following what kind of strategy?
An organization that aims to differentiate products and services across country markets is following a Multidomestic strategy
What is a Multidomestic strategy?A multidomestic strategy is a strategic management approach in which multinational companies (MNCs) decentralize their operations and tailor their products and services to meet the specific needs of different markets. In this approach, each country in which the business operates functions as a separate and independent entity. The term “multidomestic” is used to describe this approach because the firm has multiple (multi) domestic (country-specific) operations that are largely independent of one another.In a multidomestic strategy, companies adapt their products and services to meet local demands, tastes, and preferences. The strategy allows companies to better understand and respond to local market conditions and customer preferences. It also enables them to establish stronger relationships with local customers and suppliers, which can lead to greater market share and profitability.
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The kind of strategy that an organization follows in order to differentiate its products and services across country markets is a differentiation strategy.
What is a differentiation strategy?Differentiation strategy refers to a strategy that companies use to distinguish their goods and services from those of rivals. This approach is based on selling something that is unique, such as high-quality goods, a superior customer service experience, or an unusual shopping experience.
A differentiation strategy works best for businesses that serve customers who are willing to pay more for high-quality or unique products and services than for low-cost products or services. When an organization aims to differentiate its products and services across country markets, it is following a differentiation strategy.
How does a differentiation strategy work?A differentiation strategy works by finding ways to make a product or service appear to be unique or better than those of competitors. A firm can do this by investing in research and development, using higher-quality materials, providing excellent customer service, or developing unique marketing campaigns.
In order to effectively implement a differentiation strategy, it is important for an organization to understand its target market and what they value in a product or service. This allows the company to tailor its offerings to meet the needs of its customers in a way that distinguishes it from its competitors.
In conclusion, an organization that aims to differentiate its products and services across country markets is following a differentiation strategy.
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