False. Evidence-based management involves using the best available evidence to inform decisions and actions in the workplace.
Bragging about new products in development does not necessarily reflect a commitment to using evidence in decision-making. In fact, evidence-based management requires rigorously evaluating the evidence to determine the most effective course of action, rather than relying on assumptions or personal opinions.
Evidence-based management is an approach that involves using the best available evidence to make decisions and take actions in the workplace. This evidence can come from a variety of sources, including scientific research, data analysis, and past experience. The goal of evidence-based management is to ensure that decisions and actions are informed by the most reliable and valid information available, rather than being based on assumptions or personal opinions.
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a fixed-weight price index like the consumer price index (cpi) the change in the cost of living because it take into account that people can substitute less expensive goods for ones that have become more expensive.
A fixed-weight price index like the consumer price index (CPI) takes into account that people can substitute less expensive goods for ones that have become more expensive. (TRUE)
What is a fixed-weight price index?A fixed-weight price index is an index in which the weights or proportions utilized to calculate the index do not alter over time. The fixed basket price index or fixed bundle price index are two examples of fixed-weight indices. The index number is calculated using a fixed basket of commodities with unchanged weights over time.
In general, fixed-weight price indexes provide a good picture of inflation since they show price changes for goods that have the same quality and features over time. Since they use a constant basket of products, the weights do not vary from year to year, which eliminates substitution biases.
The Consumer Price Index (CPI) is one example of a fixed-weight price index. CPI is a measurement of inflation that compares the cost of a standard set of consumer products over time. CPI, for example, measures the change in the cost of living over time.
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The initial steps of the performance management cycle involve ____________________.
A group of answer choices
provides employees with training, necessary resources and tools, and frequent feedback communication.
performance evaluation is when the manager and the employee discuss and compare the targeted performance goals and supporting behaviors with the actual results.
identifying what the company is trying to accomplish (goals or objectives), creating a set of key performance dimensions, and developing performance measures.
evaluating the effectiveness of the performance management system is necessary to determine needed changes.
Managers are involved in traditional performance management process, while ________ are involved in continuous performance management.
Group of answer choices
only peers
peers and direct reports (subordinates)
managers, peers, and direct reports (subordinates)
managers and peers
Exelont Corp. is a large-scale manufacturer of consumer electronics. As part of its performance management system, Exelont measures the amount each employee contributes to the profits of the company, and the employees are either held accountable or rewarded based on their contributions. With regard to performance measurement, under which of the following would contribution to profits be categorized?
Group of answer choices
behavioral observation scales (BOSs)
key risk indicators (KRIs)
non-performing assets (NPAs)
critical success factors (CSFs)
The initial steps of the performance management cycle involve identifying what the company is trying to accomplish (goals or objectives), creating a set of key performance dimensions, and developing performance measures.
Managers are involved in traditional performance management process, while peers and direct reports (subordinates) are involved in continuous performance management.
With regard to performance measurement, contribution to profits would be categorized under critical success factors (CSFs). CSFs are performance metrics used to evaluate whether a company is achieving its objectives.
These objectives are based on the most important goals and objectives of the organization. By measuring each employee's contribution to profits, Exelont is able to determine if each employee is helping the organization achieve its goals. This type of performance metric can help to improve employee productivity, which can lead to increased profits.Employee productivity, sometimes referred to as workforce productivity, is an assessment of the efficiency of a worker or group of workers.Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure.
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Using the following information, what is the cost to lease a car? (Assume there are no charges for damage at the end of the lease.) Security deposit $460 Monthly lease payment $460 per month for a five year lease Opportunity cost of security deposit $460 x loan period (in years) x 3% internet
End-of-Lease charges $660
Multiple Choice A. $27,600 B. $28,989, C. $28.329 D. $28,398.
E. $28,789
The cost to lease a car is 28,398. This can be calculated by using the formula of total lease cost. The correct option is D.
What is the cost to lease?Given the Security deposit = 460
The monthly lease payment 460 per month for a five-year lease opportunity cost of the security deposit is $460 × loan period (in years) × 3% internet
End-of-Lease charges = 660
To calculate the total cost of the lease, we need to add up the security deposit, monthly lease payment, opportunity cost, and end-of-lease charges.
Using the formula: Total lease cost = Security deposit + (Monthly lease payment × Number of months) + Opportunity cost + End-of-Lease charges
Substituting the values given:
Total lease cost = 460 + (460 × 60) + (460 × 5 × 3/ 100) + 660
Total lease cost = 460 + 27600 + 690 + 660
Total lease cost = 28,398
Therefore, the correct answer is option D.
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recent television commercials for chevrolet show customers discussing j.d. powers rankings and awards for the company. the information from j.d. powers is an example of .
The information from J.D. Power's rankings and awards in the recent Chevrolet commercials is an example of third-party endorsement or social proof.
Third-party endorsement refers to the use of testimonials, reviews, awards, or other forms of endorsement from independent sources to promote a product or service. In the case of the Chevrolet commercials, the use of J.D. Power's rankings and awards serves as a form of social proof, providing customers with independent validation of the quality and reliability of Chevrolet's vehicles.
J.D. Power is a well-respected organization in the automotive industry that conducts consumer surveys and provides ratings and awards for various aspects of vehicle quality and performance.
By highlighting J.D. Power's rankings and awards, Chevrolet is leveraging the credibility and authority of this third-party organization to enhance the perceived value of their products and services.
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melanie, a salesperson for printers and scanners, is sending a proposal for printers to the home office of helix services in cedartown. to convince the executives in cedartown that the local vinson mountain branch office needs the printers and copiers she is selling, melanie would most likely:
Melanie should make a strong case for the need for the products, such as the convenience, cost-effectiveness, and efficiency of using her company's printers and copiers.
To convince the executives at Helix Services in Cedartown that the local Vinson Mountain branch office needs the printers and copiers she is selling, Melanie, the salesperson, would most likely:
Highlight the benefits: Melanie should clearly outline the benefits of the printers and copiers she is selling.
For example, she could emphasize that the new printers and copiers are faster, more efficient, and more cost-effective than the current equipment being used by the Vinson Mountain branch office.
Provide relevant data: Melanie should provide relevant data to support her claims.
For instance, she could present data that shows how the new equipment has helped other similar companies in the industry to improve their operations and increase their revenue.
Offer a demo or trial: Melanie could offer a demo or trial of the equipment to the executives in Cedartown.
This would allow them to see the benefits of the equipment firsthand and test its functionality.
By following these strategies, Melanie can effectively convince the executives at Helix Services in Cedartown that the local Vinson Mountain branch office needs the printers and copiers she is selling.
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A value web is a collection of independent firms that use information technology to coordinate their value chains to collectively produce a product or service for a market.A. True
B. False
The given statement that "A value web is a collection of independent firms that use information technology to coordinate their value chains to collectively produce a product or service for a market" is True. Hence, option A is correct.What is a value web?A value web refers to a group of independent companies that coordinate their value chains via the internet to create a product or service collectively. A value web can operate as an internet-centered extended enterprise, a virtual enterprise network, or a network of independent enterprises.Value webs are a modern method of collaboration between businesses that uses information technology to improve the efficiency of the companies' value chains. The aim of value webs is to create a network of independent organizations that collaborate to deliver a good or service to the market in a cost-effective and efficient manner.
3. Consider the project network below. Using the constraints and costs answer the following questions: Start 05 — 63 End • • Activities A and D can be reduced to 1 day at a cost of $15/day Activities E, G, and H can be reduced to 1 day at a cost of $25/day a) What is the cost to crash the project by 2 days? b) What is the critical path, and cost of the shortest crashed duration?
a) What is the cost to crash the project by two days?
Given, Activities A and D can be reduced to 1 day at a cost of $15/day.
Activities E, G, and H can be reduced to 1 day at a cost of $25/day.
Let’s start with the original cost calculation for each activity:
The original cost of Activity A: $70/day
The original cost of Activity B: $40/day
The original cost of Activity C: $60/day
The original cost of Activity D: $50/day
The original cost of Activity E: $75/day
The original cost of Activity F: $35/day
Original cost of Activity G: $40/day
The original cost of Activity H: $35/day
Original cost of the Project = $70 + $40 + $60 + $50 + $75 + $35 + $40 + $35 = $405
Now, we need to find the crash cost for each activity. -
Crashed cost of Activity A: $70/day + $15/day = $85/day.
Crashed cost of Activity D: $50/day + $15/day = $65/day.
Crashed cost of Activity E: $75/day + $25/day = $100/day.
Crashed cost of Activity G: $40/day + $25/day = $65/day.
Crashed cost of Activity H: $35/day + $25/day = $60/day
Crashed cost of Project = $85 + $40 + $60 + $65 + $100 + $35 + $65 + $60 = $510
Now, let's find the cost of crashing the project by two days: - (2 days × $85) + (2 days × $100) = $370
b) What is the critical path and cost of the shortest crashed duration? The critical path is the path that runs from the start to the end of the project and has the longest duration. Therefore, the critical path is A-D-E-G-H-End = 63. The total duration of the project in the original network is 63 days.
However, after crashing some activities, we need to calculate the new duration of the project as well as the cost of the shortest crashed duration.
Project duration after crashing: 63 – 2 = 61 days. The shortest duration of the project is 59 days at a cost of $495.
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Recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations would include all of the following EXCEPT ______.
A. international customers' needs, interests, and tastes are becoming increasingly homogenized or similar.
B. consumers around the world are increasingly willing to trade off idiosyncratic preferences in product features for lower prices.
C. flexible manufacturing trends have allowed a decline in the minimum volume required to reach acceptable levels of production efficiency.
D. cultural globalization and technological standards diffusion across countries are resulting in increased similarities in lifestyles and preferences in an increasing number of countries around the world.
The statement which is true about the recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations would include all of the following EXCEPT flexible manufacturing trends have allowed a decline in the minimum volume required to reach acceptable levels of production efficiency.
MNCs is the acronym for Multinational Corporations, i.e., organizations that are operating in more than one country. There are several recent trends that are pushing multinational corporations (MNCs) to adopt a more decentralized strategy for their operations. The statement that is not true among the recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations is that flexible manufacturing trends have allowed a decline in the minimum volume required to reach acceptable levels of production efficiency. Instead, it is one of the recent trends that have resulted in the decentralization of the operational strategy of MNCs.The following are the recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations: international customers' needs, interests, and tastes are becoming increasingly homogenized or similar. consumers around the world are increasingly willing to trade off idiosyncratic preferences in product features for lower prices. cultural globalization and technological standards diffusion across countries are resulting in increased similarities in lifestyles and preferences in an increasing number of countries around the world.
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High Tech Corp decides to develop a product based on a completely new technology, with noexisting information on the possible challenges and outcomes of bringing such a product tomarket. This decision illustrates
A) satisficing ambiguity.
B) systematic error.
C) confirmation bias.
D) uncertainty.
E) blocking
The decision to develop a product based on a completely new technology with no existing information on the possible challenges and outcomes of bringing such a product to market illustrates the concept of uncertainty. hence option D) "Uncertainty" is correct
What is uncertainty? Uncertainty refers to the inability to accurately predict the possible outcomes of a decision. In the scenario above, High Tech Corp has decided to invest in developing a product based on a completely new technology that has no prior knowledge about its success or failure. Hence, this decision illustrates uncertainty. Other answer options:
Satisficing ambiguity: This is the concept of choosing the first available solution that meets one's acceptance criteria. In the given scenario, there is no ambiguity involved as the company is trying to develop a product with a completely new technology. Hence, option A is incorrect.
Systematic error: Systematic errors are errors that occur consistently in the same direction. In the given scenario, there is no reference to any kind of error. Hence, option B is incorrect.
Confirmation bias: Confirmation bias is the tendency to seek information that confirms one's existing beliefs while avoiding information that contradicts them. In the given scenario, there is no reference to any existing beliefs. Hence, option C is incorrect.
Blocking: Blocking is a psychological phenomenon in which a person's memory and recall ability is inhibited due to the interference of some other memory. In the given scenario, there is no reference to any kind of memory recall. Hence, option E is incorrect.
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which of the following are required to compute the present value of a known future amount? (select all that apply.)multiple select question.market valuedatenumber of compounding periodsfuture valueinterest rate
To compute the present value of a known future amount, the following inputs are required:
B) Number of compounding periodsC) Future valueD) Interest rateTo calculate the present value of a known future amount, three inputs are required: future value, interest rate, and the number of compounding periods. The present value calculation determines the worth of a future amount today based on the expected interest rate and the number of periods. Market value and date are not required inputs for the calculation of present value.
Therefore, the correct options are:
Future valueInterest rateNumber of compounding periodsYou can learn more about Interest rate at
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Increases in the amount of human capital in the economy tend to ________ real incomes because they increase the ________ of labor.a. decrease, bargaining powerb. increase, productivityc. decrease, productivityd. increase, bargaining power
d. increase, bargaining power.
Human capital increases lead to better skills, knowledge, and productivity, which improve labor bargaining power, resulting in higher wages and employment opportunities.
The information, skills, and talents that employees pick up via education, training, and experience are referred to as human capital. Increasing human capital results in improved productivity, which raises pay and improves job prospects. This is due to the fact that employees with more human capital are more effective, productive, and able to complete tasks that call for a greater degree of complexity, responsibility, and creativity. Also, companies are more likely to pay a premium for a worker's abilities and knowledge if they have more human capital, making them more desirable. Workers' enhanced ability to bargain for better working conditions, higher pay and other perks results in higher real earnings. In general, raising human capital is essential for boosting productivity, economic growth, and well-being.
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Fact Pattern 3-1. Amanda is a twenty-four-year-old student. For two years Amanda has been going to gym and using weight equipment, stationary bicycles, and step machines to improve muscle tone. One spring afternoon Amanda was using a weight machines in the usual way (and the way she was showed how to use it), when the machine malfunctioned causing her serious injury. The company that made the machine, Musclematic, has known for the past year that this problem existed, but the company took no steps to warn people who owned or used these machines of the problem. Refer to Fact Pattern 3-1. You are Amanda's attorney. To begin your lawsuit against Musclematic you must first: a. file for a hearing b. file a complaint c. file a reply d. file an answer e. file a counterclaim
As Amanda's attorney, the first thing you must do to begin your lawsuit against Musclematic is to file a complaint.
What is a lawsuit? A lawsuit is a case or a dispute that is resolved through legal proceedings. A lawsuit is a formal legal action taken against another party. It begins when one party (the plaintiff) files a complaint against the other party (the defendant).
What is a complaint? A complaint is a written document that outlines the plaintiff's claims against the defendant. The complaint includes details about the plaintiff's case, such as the injuries or damages suffered, and the legal basis for the claim. The complaint also requests a specific form of relief, such as monetary damages or an injunction against the defendant. Once the complaint is filed, the defendant has a certain amount of time to respond to the allegations made against them.
In this case, Amanda's attorney must file a complaint against Musclematic to begin the lawsuit.
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consider a college scholarship finder idea that uses an algorithm to find all the possible scholarships offered by colleges and matches them with prospective applicants. the brain behind the idea, poornima, needs to raise money in order to finance the creation and expansion of the business that she plans to call scholarshipary inc.poornima decides to raise money through public equity investments. which of the following are examples of public equity investments? check all that apply. poornima issues common stock on the new york stock exchange in the amount of $170 million. poornima invests $300,000 of her own money in the business. poornima launches an ipo aimed at raising $115 million. poornima gets a private equity fund to invest $700,000 in the business.
The following are examples of public equity investments: Poornima issues common stock on the New York Stock Exchange in the amount of $170 million. Poornima launches an IPO aimed at raising $115 million.
Public equity investment is a method of fundraising for a corporation in which shares of its stock are made available for public purchase. As a result, publicly traded businesses have a large number of shareholders that can purchase or sell their stock-on-stock exchanges.
The examples of public equity investments are: Poornima issues common stock on the New York Stock Exchange in the amount of $170 million. Poornima launches an IPO aimed at raising $115 million.
Private equity investment is a type of investment in which firms or investors purchase whole businesses rather than publicly traded stock. Private equity investments usually include direct investments in private companies or the purchase of public companies to take them private. The sale of a public company is one of the most well-known examples of a private equity transaction. Poornima gets a private equity fund to invest $700,000 in the business.
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the bls reports the u-6 measure of labor underutilization. which of the following is how it computes u-6? question 10 options: a. (total unemployed + marginally attached workers)/adult population b. (total unemployed + marginally attached workers + part-time employed for economic reasons)/adult population c. (total unemployed + marginally attached workers)/(labor force + marginally attached workers) d. (total unemployed + marginally attached workers + part-time employed for economic reasons)/(labor force + marginally attached workers)
The BLS (Bureau of Labor Statistics) reports the U-6 measure of labor underutilization. The option that correctly shows how U-6 is computed is (B) (total unemployed + marginally attached workers + part-time employed for economic reasons)/adult population.
What is the U-6 unemployment rate?The U-6 unemployment rate is a measure of unemployment that includes not only those who are unemployed but also those who are underemployed or marginally attached to the labor force. The U-6 measure includes people who are marginally attached to the labor force.
This group includes those who have looked for work in the past year but have not looked for work in the past four weeks because of various reasons. They include those who want a job, but are discouraged because they believe that there are no jobs available.
Additionally, it includes people who are employed part-time for economic reasons.U-6 = (Total unemployed + Marginally attached workers + Part-time employed for economic reasons) / Adult population (16 years and older)
Note: The labor force is the sum of the total unemployed and the total employed.
The adult population (16 years and older) is the sum of the labor force and those who are not in the labor force.
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Mention two provisions (mechanisms) that ensures that the investment of shareholders are protected. Explain the purpose of each
Someone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations.
Two provision that ensures the protection of shareholders' investments are:
1. Shareholder voting rights: Shareholders have the right to vote on important company decisions, such as electing members of the board of directors, mergers and acquisitions, and major changes to the company's bylaws. This provision ensures that shareholders have a say in how the company is run and that their investments are not being misused.
2. Requirements for disclosure: Businesses are expected to routinely disclose significant operational and financial information to their shareholders. Annual reports, financial statements, and other significant updates fall under this category.
By guaranteeing shareholders' access to crucial data on the company's financial health, this clause enables them to make well-informed investment decisions.
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an auditor's documentation provides evidence of the work performed, the evidence evaluated, and the conclusions drawn. in reviewing an auditor's documentation, a supervisor or manager will review:
The supervisor or manager reviewing an auditor's documentation will review evidence of the work performed, the evidence evaluated, and the conclusions are drawn. This is to ensure that the auditor followed established auditing standards and that the audit was conducted in accordance with the agreed-upon audit plan.
What is an auditor's documentation?An auditor's documentation provides evidence of the work performed, the evidence evaluated, and the conclusions drawn by the auditor. Audit documentation includes audit plans, procedures, audit evidence, and other supporting documents, including correspondence relating to the audit. Audit documentation should provide a clear explanation of the auditor's work performed, audit evidence gathered and conclusions are drawn.
It also provides an audit trail that enables the auditor to demonstrate compliance with auditing standards, ethical principles, and professional requirements. In reviewing an auditor's documentation, a supervisor or manager will review the work performed, the evidence evaluated, and the conclusions are drawn. They will verify that the audit documentation is adequate, complete, and conforms to applicable auditing standards and guidelines. A supervisor or manager may also review the audit documentation to gain an understanding of the audit process and the quality of the audit work performed. They will determine if the auditor has appropriately identified and addressed significant risks, documented sufficient audit evidence, and reached appropriate conclusions based on that evidence.
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Which of the following statements best explains the reason that consumers are more receptive to magazine advertising than to television advertising?a. They offer high market penetration and coverage.
b. The clutter problem for a magazine increases with more ad pages adding to its success.
c. Consumers become involved with magazines when they read them and are more likely to find ads acceptable or even enjoyable.
d. Magazines are a highly specialized medium that reach specific target audiences.
Consumers become involved with magazines when they read them and are more likely to find ads acceptable or even enjoyable. Magazines provide an engaging reading experience, allowing readers to focus on specific topics of interest at their own pace, rather than being bombarded with ads that don't always align with their interests. Magazines, unlike television, are not interrupted by commercials, so readers are free to engage with the content on their terms.
Option A: They offer high market penetration and coverage. This option does not explain why consumers are more receptive to magazine advertising than to television advertising.
Option B: The clutter problem for a magazine increases with more ad pages adding to its success. This option is incorrect and unrelated to the question being asked.
Option D: Magazines are highly specialized mediums that reach specific target audiences. This option does not explain why consumers are more receptive to magazine advertising than to television advertising.
Option C is the correct answer.
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b) H3PO4 is a stronger acid than H3AsO4
The given statement, H3PO4 is a stronger acid than H3AsO4, is true because the electronegativity of oxygen is higher than that of arsenic.
This making the oxygen-hydrogen bond stronger and more likely to donate a proton in H3PO4 than in H3AsO4.
In general, the strength of an acid is determined by its ability to donate a proton (H+ ion) in solution. The strength of the bond between the hydrogen and the acid molecule affects this ability. In the case of H3PO4 and H3AsO4, both acids have three acidic protons to donate.
However, the oxygen atoms in H3PO4 are more electronegative than the arsenic atoms in H3AsO4, which means that the oxygen-hydrogen bonds in H3PO4 are stronger than the arsenic-hydrogen bonds in H3AsO4. This makes H3PO4 a stronger acid than H3AsO4.
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why do we study pure competition even though there are no purely competitive markets?
We study pure competition because it is a useful theoretical construct for understanding certain aspects of markets.
Even though there are no purely competitive markets, the principles of pure competition can be applied to many different types of markets to understand the behaviors of firms and how markets function. By studying pure competition, we can better understand how different market structures, such as oligopoly and monopolistic competition, function. Pure competition is a type of market structure that is characterized by many sellers, each offering identical or homogeneous products. This means that there is no differentiation among firms, and that no one firm has any market power. In these markets, firms are price takers, meaning they have to accept the price that is set by the industry, and they have no ability to influence the price. Furthermore, there is perfect knowledge among buyers and sellers.
To sum up, even though there are no purely competitive markets in the real world, the principles of pure competition are useful for understanding the behaviors of firms in many different types of markets. Studying pure competition helps us to understand the behaviors of firms in oligopolies and monopolistic competitions, and how markets function as a whole.
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if the issuer has no obligation to pay dividends or repurchase the security, it is usually classified as
If the issuer has no obligation to pay dividends or repurchase the security, it is usually classified as common stock.
What is common stock?A common stock is an ownership stake in a corporation that represents a claim on a portion of the company's assets and earnings. Common stockholders have the right to elect a board of directors and vote on significant corporate matters. Common stock is riskier than preferred stock because it has no set dividend rate, and dividend payments are at the company's discretion.
An issuer of securities is obligated to pay dividends or repurchase the security in the case of preferred stock but not in the case of common stock. Because common stockholders are not entitled to a fixed dividend rate or a guaranteed payment of principal, they are considered the owners of the company and have the ability to profit from its growth and success. Therefore, common stock is classified as a stock that does not have the obligation to pay dividends or repurchase the security.
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in the context of pay influencing turnovers, which of the following is a result of too little pay? group of answer choices higher individual performance among employees feelings of unfair treatment among employees more employees requesting for training employees finding the company more attractive
In the context of pay influencing turnovers, a result of too little pay is feelings of unfair treatment among employees. The Option B is correct.
How does little pay influences turnovers?Little pay can have both positive and negative effects on a company's turnover, depending on the context. On the one hand, paying employees less than what they deserve can lead to high turnover rates as employees seek better-paying opportunities elsewhere.
This can lead to high recruitment and training costs for the firm which can lead to reduced productivity and decreased employee morale, which can further impact the company's bottom line.
Question options "a. higher individual performance among employees b. feelings of unfair treatment among employees c. more employees requesting for training d. employees finding the company more attractive".
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Some people are in favor of reducing federal taxes to increase consumer spending and others are against it. Two persons are selected and their opinions are recorded. Assume no one is undecided. Find the number of possible outcomes. Number of possible outcomes A survey of 35 students at the Wall College of Business showed the following majors: Accounting Finance Economics Management Marketing 9 9 Click here for the Excel Data File From the 35 students, suppose you randomly select a student. a. What is the probability he or she is a management major? (Round your answer to 3 decimal places.) Probability b. Which concept of probability did you use to make this estimate?
The concept of probability used to make this estimate is relative frequency. Relative frequency is the probability of an event occurring based on its frequency relative to the total number of events. In this case, the relative frequency of a management major out of the 35 students is 9/35, or 0.257.
This means that there is a 25.7% chance that a randomly selected student is a management major. This type of probability is based on the law of large numbers, which states that if the number of trials is large enough, the relative frequency of an event will approach its true probability.
Thus, in this case, the relative frequency of a management major out of the 35 students can be used to estimate the true probability of a student being a management major.
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Sheridan Publishing identified the following overhead activities, their respective costs, and their cost drivers to produce the three types of textbooks the company publishes.
Activity (Cost) Cost Driver Deluxe (Type of Textbook) Moderate (Type of Textbook) Economy (Type of Textbook)
Machine maintenance ($330,000) Number of machine hours 250 750 1,000
Setups ($630,000) Number of setups 35 20 15
Packing ($166,000) Number of cartons 10 30 60
Photo development ($574,000) Number of pictures 4,400 2,400 1,400
Deluxe textbooks are made with the finest quality paper, six-color printing, and many photographs. Moderate texts are made with three colors and a few photographs spread throughout each chapter. Economy books are printed in black and white and include pictures only in chapter openings.
Required:
a. Sheridan currently allocates all overhead costs based on machine hours. The company produced the following number of books during the prior year:
Deluxe Moderate Economy
50,000 150,000 200,000
Determine the overhead cost per book for each book type.
b. Determine the overhead cost per book, assuming that the volume ?based allocation system described in Requirement a is replaced with an activity-based costing system.
Overhead cost per book for each type of book is deluxe $3.30 per book, medium $1.10 per book, and economy $0.83 per book.
Under the current overhead allocation system, the overhead cost per book for each book type would be calculated as follows:
Under the activity-based costing system, the overhead cost per book for each book type would be calculated as follows:
Deluxe: ($330,000/250 machine hours + $630,000/35 setups + $166,000/10 cartons + $574,000/4400 pictures) * 50,000 books = $11.87 per bookModerate: ($330,000/750 machine hours + $630,000/20 setups + $166,000/30 cartons + $574,000/2400 pictures) * 150,000 books = $4.87 per bookEconomy: ($330,000/1000 machine hours + $630,000/15 setups + $166,000/60 cartons + $574,000/1400 pictures) * 200,000 books = $2.98 per bookLearn more about Overhead costs: brainly.com/question/13037939
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which of these food companies at one time operated a video games division?
Atari, the famous video game company, had a brief stint in the food industry in the 1980s. In an effort to diversify its business, Atari created a subsidiary called Atari Food and Beverage. Option A
The division produced a range of food products, including microwaveable hamburgers, hot dogs, and pizzas. However, the food division was short-lived, and Atari returned to focusing on its core business of video games.
Despite some initial success, the company's video game division struggled in the following years, leading to the eventual bankruptcy and closure of the company in the mid-1990s. In recent years, the Atari brand has been revived, with the company now focusing on producing and licensing classic video game titles for modern consoles and mobile devices.
While Atari's foray into the food industry may seem like an odd choice, it highlights the challenges of diversification and the importance of sticking to a company's core strengths and competencies.
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Complete question is:
which of these food companies at one time operated a video games division?
a)atari
b)Nintendo
c)Microsoft
d)Sony
2. Case 2: (Contravention of contract conditions) Tom bought a new radio on hire purchase (H.P.). He allowed his friend to use it and it was subsequently damaged and stopped working. Tom returned the radio to the store, saying that it was still under guarantee and that he wanted either his money back or a new radio within a week. He did not hear from the company and decided to sue. What was the likely outcome of the case?
The corporation will lose the case because a breach of contract is a civil wrong and legal cause of action in which one or more parties to a contract violates the terms of the agreement by breaking their obligations under the agreement or interfering with the performance of the other party.
The four terms of a contract are what?The key elements required for the agreement to be a proper offer and acceptance, adequate consideration, capacity, and legality are mutual assent expressed by them, adequate consideration, adequate consideration, and capacity.
The term "agreement" refers to a written agreement between a party and a third party. A breach could be anything from a missed payment to a more serious transgression, such as failing to deliver an asset that was promised. A contract is valid and enforceable in court.
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Required information Breach of Contract and Remedies When one party fails to perform as agreed, the Uniform Commercial Code (UCC) defines that fallure as a breach of contract and makes a distinction between a total breach and a partial breach. The UCC also provides recourse for the nonbreaching party to recover damages. The alternative recourses are known as remedies and certain relief is available for specific types of breaches. Roll over the item to read a hint about what type of damages best matches the item. Then click and drag each item to its correct category of damages. Prevents unjust enrichment Compensatory Fixed amount of damages Consequential Prevents unjust enrichment Restitution Actual damages suffered by nonbreaching party Liquidated Foreseeable indirect losses Fixed amount of damages Actual damages suffered by nonbreaching party Foreseeable indirect losses
Information Breach of Contract and Remedies When one party fails to perform as agreed, the Uniform Commercial Code (UCC) defines that failure as a breach of contract and makes a distinction between a total breach and a partial breach.
The UCC also provides recourse for the nonbreathing party to recover damages. The alternative recourses are known as remedies and certain relief is available for specific types of breaches. The list of damages and their categories is as follows: Fixed amount of damagesCompensatoryActual damages suffered by the nonbreathing partyFixed amount of damagesRestitutionPrevents unjust enrichmentForeseeable indirect lossesConsequentialLiquidatedActual damages suffered by the nonbreathing partyForeseeable indirect losses Fixed amount of damages Prevents unjust enrichmentCompensatoryLiquidatedRestitutionConsequentialTherefore, the list of damages and their categories have been correctly mentioned in the above lines.
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Asmaris is a developing nation in Africa. Its government recently formulated a free trade policy and opened doors to foreign investment in the country. Abdu, an economist, believes that Asmaris is now an emerging market. Which of the following statements supports Abdu's argument that Asmaris is an emerging market? A. The citizens of Asmaris have an intermediate income level. B. Asmaris has a high degree of globalization. C. Asmaris has a high level of economic stability. D. The average economic growth of Asmaris is around 2 percent/year.
The average economic growth of Asmaris is around 2 percent/per year supports Abdu's argument that Asmaris is an emerging market. The correct answer is option D.
What are emerging markets?An economy of a developing country that is expanding and becoming increasingly integrated with international markets is known as an emerging market economy. Nations possessing some but not all of a developed market's features are categorized as emerging market economies.
Strong economic development, high per capita revenue, liquid equities, and debt markets, availability to international investors, and a stable regulatory structure are some traits of developed markets.
Therefore, The correct answer is option D.
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The price of macadamia nuts falls. This conveys all of the following signals EXCEPT that macadamia nuts are in plentiful supply, so consumers should buy more. that demand for macadamia nuts is low, so producers should produce less. that the price change will be understood in every language and helps coordinate the macadamia market. that the price of almonds is rising.
The availability of macadamia nuts is great, therefore customers should purchase more.
The expanding public awareness of the health benefits of nuts and dried fruits has been a major driver of industry growth.
Moreover, macadamia nuts are used to produce macadamia oil, which is well-liked by both customers and enterprises.
Demand for wholesome and nourishing snacks has significantly increased recently, especially among the younger generation and people of working-class backgrounds.
Also, people are turning away from animal-based protein sources and towards plant-based protein sources.
In the tropical nations of Latin America, macadamia nuts are grown as an alternative crop.
For nations with high relative humidity temperatures, growing it might be difficult, especially during the postharvest period.
Environmentally friendly technologies include treating kernels and nuts in their shells thoroughly while utilizing the waste produced during the drying process, which is a crucial step.
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in the area of human capital differences, what is not true for women? group of answer choices they have fewer responsibilities in the same jobs as men. they confront greater barriers to establish mentor relationships. they occupy more than half of all management and professional positions. they tend to self-select themselves out of leadership tracks.
It is not true for women that they have fewer responsibilities in the same jobs as men.
What is human capital?The knowledge, abilities, and skills that workers can use to produce valuable goods and services are known as human capital. Human capital is sometimes referred to as "talent" or "human resources."
What is the difference between men and women in human capital?The primary distinction between males and females in the area of human capital is that females are more likely to be responsible for household duties than males. Women have less access to education and job opportunities than men.
However, in the modern age, the distinction is slowly becoming more blurred, as more women receive equal educational and professional opportunities, allowing them to participate in the workforce at the same level as men.
Women tend to face greater barriers to establishing mentor relationships, are self-selecting out of leadership tracks, and occupy more than half of all management and professional positions.
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for a particular asset, a company may not use the straight-line depreciation method for financial reporting while using the double-declining-balance (ddb) method for its tax return. select one: a. true b. false
The statement that a company may not use the straight-line depreciation method for financial reporting while using the double-declining-balance (ddb) method for its tax return is true.
Depreciation is an accounting method for allocating the cost of a tangible asset over its useful life and it is used to account for declines in value due to wear and tear or obsolescence. For tax returns, the double-declining-balance method is more beneficial as it allows for a higher expense in the earlier years of the asset's life, resulting in lower taxable income and therefore lower taxes.
Straight-line depreciation, on the other hand, spreads the cost of the asset evenly over its useful life. Although it does not result in a tax benefit, it is the most commonly used depreciation method for financial reporting because it is simpler to calculate. By using the double-declining-balance method for taxes and the straight-line method for financial reporting, the company can take advantage of the higher expense in the earlier years for tax purposes and the smooth expense recognition for financial reporting.
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