Business complaints about copyright protection and intellectual property rights in some countries illustrate how differences in Legal Environments can impact international operations
Legal Environments
The study of the legal environment in business focuses on how the law affects all facets of business ownership and administration. Students concentrate on legal ethics, court processes, torts, contracts, consumer law, property law, employment law, environmental law, and international law during the whole semester.Why is the legal landscape significant to business?All businesses who are thinking about operating in a global market must be aware of the laws that are relevant to their operations in order to protect themselves from civil and criminal responsibility as well as to uphold their ethical standards.To Learn more about Legal Environments , Click the links.
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Self-concept is a major step in the consumer's decision process.
a. true
b. false
Our overall perception of who we are, including our physical, emotional, social, spiritual, and other characteristics, is known as our self-concept (Neill, 2005).
What is Self-Concept?
As we develop, we build and control our self-concept based on the knowledge we have about ourselves. It has many dimensions and can be divided into these particular components. The person's self-perception, encompassing what they believe about their qualities and what they are as a person. the entirety of a person's thoughts and emotions with regard to himself as a subject.
Two interrelated marketing concepts are buyer perception and buyer self-concept. People purchase goods and brands because doing so enables them to boast about their use of such goods and brands. Buyer Perception in the Market - The buyer's perception of himself or herself in specific market elements is influenced by:
- External factors
- The whole market in question
- How the customer sees themselves in relation to a specific market category.
Buyer Self Concept: It's crucial to consider the variables that influence consumer behavior. What determines the buyer's "self idea" is:
- The buyer's emotional state
- The buyer's ideal self or situation
- The customer 'exposed' as he or she would prefer to be perceived by the world
- The buyer's purposefully concealed personality.
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If auditors determine the client has committed an illegal act, they would be most likely to withdraw from the engagement when the:______
If auditors determine the client has committed an illegal act, they would be most likely to withdraw from the engagement when the Management fails to take appropriate corrective action.
What is an illegal act?Acts that are prohibited. Any conduct or set of activities that could result in a sentence of more than one year in prison if prosecuted as a crime are considered illegal acts. This exclusion is applicable regardless of whether criminal charges are brought, whether they are brought and brought to trial, or whether they result in a conviction or a sentence of imprisonment for a time longer than one year.
It is not necessary to provide proof beyond a reasonable doubt. If the Injury or Sickness was caused by a domestic violence incident or a medical condition (including both physical and mental health conditions), this exclusion does not apply.
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Which hypothesis of mechanism of coral boring was supported by the investigation?
The hypothesis of mechanism of coral boring was supported by the investigation is Acid secretion.
What is Acid secretion?Acid secretion serves as a mechanism that is been initiated by food, however this could come from taste of food effects vagal stimulation which could occur from the gastrin-secreting G cells.
This can be found in the distal one third (antrum) of the stomach, The hypothesis of mechanism of coral boring was supported by the investigation is Acid secretion.
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How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic firms producing a good?
Through promoting intra-industry trade, a country can increase levels of competition and the range of products produced in an industry with only one or two local enterprises producing a good. International trade for goods produced by the same business is known as intra-industry trade.
According to the idea of economies of scale, production costs often decrease as output scale increases. When it makes it possible for one or two large producers to supply the entire country, it becomes particularly important to international trade. A way to maintain consumer choice and competition while combining economies of scale-driven lower average manufacturing costs is through international trade.
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An information ______ policy contains general principles regarding information privacy. nonrepudiation publicity privacy redundancy
An information privacy policy contains general principles regarding information privacy.
What is privacy policy?Privacy policy is a policy that tend to states that confidential or sensitives information should not be disclose.
This implies that customers data or information should not be disclose unless access or permission is giving to disclose the information.
Therefore an information privacy policy contains general principles regarding information privacy.
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What can cause the market supply curve for wireless ear buds to shift leftward (a decrease in supply)?
An increase in the price of the plastic used to make the wireless earbuds can make the supply curve to shift left.
What is the supply curve?This is the curve that is used to tell us of the amount of goods that the producers would be able to make available for the market at a given price.
This is shown in the fact that the increase in the raw materials for production may cause the production to fall. Hence the produces would have less to supply for the market. Therefore, an increase in the price of the plastic used to make the wireless earbuds can make the supply curve to shift left.
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Nonpersonal promotional communication about goods, services, or ideas that is paid for by the organization identified in the communication is known as:_____.
Advertising is nonpersonal, commercial communication about a company's products, services, or viewpoints that is financed by the entity .
The required details for Advertising in the given paragraph
Advertising is a way to interact with customers of a good or service. According to the Advertising Association of the UK, advertisements are paid-for messages that are sent with the intention of informing or influencing the recipients.
What makes advertising so crucial?
Because it can spur business expansion, advertising is significant. Your small business marketing efforts will be amplified through advertising, which also helps you reach the correct demographic with positive, focused content that turns prospective customers into paying clients.
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The buying and selling of goods or services over computer networks is known as _______, whereas _______ involves using the internet to facilitate every aspect of running a busines
The buying and selling of goods or services over computer networks is known as e-commerce , whereas e-business involves using the internet to facilitate every aspect of running a business.
Which of the following defines an organization?
An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union.
What is E-commerce?
E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.Learn more about E-commerce
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Which section of the project management plan provides the planned cost of deliverables?
Budget section of the project management plan provides the planned cost of deliverables
An expenditure plan for your firm based on your revenue and costs is called a business budget. It determines your available cash, calculates your expenses, and aids in income forecasting. A budget may aid in the planning of your business operations and serve as a benchmark for the establishment of financial objectives.
Surplus Budget, Balanced Budget, and Deficit Budget are the three categories of yearly government budgets based on estimates.
Which 5 fundamental components make up a budget?Fixed spending, variable expenses, discretionary expenses, and personal financial goals are the same for all simple budgets. A person can make a straightforward monthly budget by combining these fundamental elements of a budget.to learn more about budget click the links
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Diners corporation files a lawsuit against eateries, inc. during the trial, the attorney for eateries, inc. questions the plaintiff's witness, josh. this is:________
If Diners corporation files a lawsuit against eateries, inc. during the trial, the attorney for eateries, inc. questions the plaintiff's witness, josh. this is: Direct examination.
What is direct examination?Direct examination can be defined as the process in which a witness is been questioned or ask a question and this question may be ask by either the lawyer or party.
The attorney is doing what is called direct examination by questioning the plaintiff's witness, josh.
Therefore If Diners corporation files a lawsuit against eateries, inc. during the trial, the attorney for eateries, inc. questions the plaintiff's witness, josh. this is: Direct examination.
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According to nutt and backoff's assessment of organizational contexts in terms of their abilities to produce visionary strategic change, rigid organizations:____.
According to Nutt and Backoff's assessment of organizational contexts in terms of their abilities to produce visionary strategic change, rigid organizations are hierarchical.
What is rigid organizations?Decision-makers are divided from Knowledge Carriers and Knowledge Workers by vertical tiers denoted by hierarchy in a strict and bureaucratic organizational structure. Even if each layer is divided by discrete functional or horizontal boundaries, this process is known as strategic business unit delineation (SBU).Indicators of a rigid organizational structure include the following:There is a dominant centralized "command and control" style of leadership.Organizational structure that is hierarchical with several levels of control between "top and bottom."Short periods of control.Functional compartments that function separately.There is very little talent transfer between silos inside the organization.A bureaucratic organization has strict, rigorous policies, rules, and regulations. This type of organizational structure is hesitant to modify the things they have been doing since the company's inception.Learn more about organizational structure here:
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If ece's stock is currently trading at $24.00 and ece has 25 million shares outstanding, then ece's market-to-book ratio is closest to:_____.
If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding, then ECE's market-to-book ratio is closest to 4%
The term "stock" refers to the holder's interest in one or more businesses. A single share of ownership in a firm is referred to as a "share" in contrast. For instance, if X has stock investments, X may have a portfolio of shares from many firms.What are the 4 different stock types?Here are four stock categories that every shrewd investor need to have for a well-rounded portfolio.
escalating stocks These are the shares you purchase in lieu of dividends with an eye toward capital growth.New issues, defensive equities, dividend-paying or yield stocks, etc.To Learn more about Stocks and Shares, Click the links.
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An investment adviser representative may describe dollar cost averaging to a customer as:______
To buy a certain security using dollar cost averaging, an investor must make regular payments (let's say monthly) of a set dollar amount (let's say $100 per month).
What is dollar cost averaging?The practice of investing a set dollar amount on a regular basis, independent of the share price, is known as dollar cost averaging. It's a terrific method to form a disciplined investing habit, increase your investment efficiency, and possibly reduce your stress—as well as your expenses.
Say you put $100 away each month. Your $100 will buy fewer shares when the market is up, but more shares when the market is down. While compared to what you would have paid if you had purchased all of your shares at once when they were more costly than the average, this technique may eventually lower your average cost per share.
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If nominal gdp in 2006 for the united states was $13,377.2 billion and real gdp in 2006 (using 2005 as the base year) was $12,958.5 billion, how much inflation was there between 2005 and 2006?
$13,377.2 billion ÷ $12,958.5 billion) × 100 = 103.2 the importance of the GDP deflator between 2005 and 2006.
How do you find real GDP from nominal GDP and inflation?In general, calculating real GDP is accomplished by separating nominal GDP from the GDP deflator (R). For example, if an economy's prices have risen by 1% since the base year, the deflating digit is 1.01. If nominal GDP was $1 million, then actual GDP is estimated as $1,000,000 / 1.01, or $990,099.
Nominal GDP is derived by bearing the current year's quantity output by the current market cost.
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Identify the examples of good internal control designed to protect over-the-counter cash receipts.
The examples of good internal control to protect over the counter cash receipts are as follows-
-Immediately after receiving cash, rewrite them with the restriction "For Deposit" only. Until they may be deposited, keep cash and checks in a closed and secure location. The location should only be accessible to those who have been given special permission.
Make deposits on time. The sooner cash can be deposited, the less risk there is of theft or other loss.All cash receipts must be immediately documented using a cash register.
Receipts should ideally be divided in two parts and numbered. The payer should receive one copy, and the second copy should be kept on file.Cash receipts must not be used for personal expenses, check cashing, making change, or other petty cash transactions.Confirm the deposit by matching the general ledger on the Cash Operations deposit sheet.
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Economists use the term ______ to refer to a situation in which the market on its own fails to produce an efficient allocation of resources.
Market failure refers to the inefficient distribution of items and services in the free market.
Market failure happens when persons performing in rational self-interest produce a less than greatest or economically inefficient outcome. Market failure can occur in explicit markets the place items and offerings are bought and offered outright, which are notion of as standard markets
What are the consequences of market failure?Market dominance with the aid of monopolies can lead to under-production and higher fees than would exist below conditions of competition, inflicting purchaser welfare to be damaged. Factor immobility motives unemployment and a loss of productive efficiency.
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The anticipated inflation premium of 5.75% and the real rate of interest of 3.25%, the Nominal Rate is 0.0919 or 9.19% , explanation is given below.
(1+Nominal Return) = (1+Real return) x (1 + inflation)
Nominal Return has to be calculated
Real Return = 3.25% or 0.0325
Inflation = 5.75% or 0.0575
(1+Nominal Return) = (1 + 0.0325) x (1+0.0575)
Nominal Return = 0.0919 or 9.19%
What is Nominal Rate
The return on a security without accounting for inflation is known as the nominal rate of return. The inflation premium is included in the nominal return, which must be modified to obtain the real return. Short-term nominal interest rates are set by central banks and serve as a benchmark for other interest rates imposed by banks and other financial institutions. Following a significant recession, nominal interest rates may be artificially kept low in order to boost economic activity by encouraging consumer borrowing and spending. But for such stimulus program to be effective, inflation must not be a current or impending threat. The federal funds rate, the interest rate established by the Federal Reserve, is also known as a nominal rate in the United States.
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Franchisers are permitted to recognize the revenue from the sale of a franchise whenever they wish under accrual-basis accounting. true /false
The statement is false. Revenues are typically recorded when earnings and expenses are compared to the periods in which they contribute to revenue under accrual-basis accounting method. Not when franchisers are permitted to recognize the revenue from the sale of the franchise.
Additionally, in accrual-basis accounting, activities that impact a company's financial statements are recorded in the periods in which they take place, and revenue is recognized in the period in which the performance obligation is met.
A brand can reach many more consumers by or through franchising since the brand already has a loyal following of consumers. In accounting of a franchise, according to the revenue recognition principle, revenue must be reported in the time frame that funds are received.
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The largest capital market security outstanding in 2019 measured by market value was?
Securitized mortgages were the largest capital market security outstanding in 2019 when compared to market value.
The majority of mortgages are securitized, which means the loans are bought, sold, and bundled together to form a mortgage security that is profitable to trade on the capital markets. These securitizations are commonly known as mortgage-backed securities, or MBS, despite the fact that they can take many various forms.
If a mortgage is securitized, timely mortgage payments by homeowners are unaffected. Even though the organization handling the loan's servicing may change when a loan is securitized, the homeowner simply keeps making monthly payments to the servicer. The question of who owns the loan does matter, though, for homeowners who are having trouble making payments.
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Systems that have continual interaction with their environment are known as _____ systems.
Answer:
Open
Explanation:
What serves as collateral in a repurchase agreement? multiple choice question. the security itself there is no collateral a bundle of mortgages gold
The security itself serves as collateral in a repurchase agreement.
Option A is correct
What is Repurchase Agreement ?
A short-term secured loan referred to as a repurchase agreement (repo) involves the sale of securities to a third party with an agreement to later repurchase those securities at a better price. The securities act as security. The interest paid on the loan, or repo rate, is that the difference between the securities' original purchase price and their repurchase price.
Reverse repurchase :
The exact opposite of a repo transaction is a reverse repurchase agreement (reverse repo). during a reverse repo, one party buys securities and promises to resell them for a profit at a later time, frequently as soon because the next day. Repo's are often overnight, although they will also be longer.
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Today's companies compete in a:________
a. growingly domestic environment.
b. borderless world.
c. corrupt world.
d. low-context culture.
e. high-context culture.
The Right Response is Option B
b) Borderless World
Today's companies compete in a borderless world.
The process of contact and integration between individuals, organisations, and governments on a global scale is known as globalisation or globalisation. Since the 18th century, globalisation has increased due to advancements in communications and transportation technologies.What effects has globalisation had?Globalization often lowers the cost of production. This implies that businesses may charge customers less for their products. One important factor that raises the level of life is the average cost of commodities. Additionally, consumers have access to a greater range of items.To Learn more about Globalization, click the Links.
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Market value of a firm is the relevant measure of maximizing shareholder wealth because it:_________
The correct answer is "generates revenue to raise the dividends that are paid on each ordinary shares".
The outstanding shares of a corporation are multiplied by the current market price to get market value, sometimes referred to as market cap. If XYZ Company has 1 million outstanding shares and trades at $25 per share, its market value is $25 million.
Why is a company's market value important?Market value, sometimes referred to as OMV or "open market valuation," is the cost that an asset would command on the open market or the estimation that the financial community makes of a certain equity or company. One of the key reasons market value is significant is because it offers a clear technique for figuring out how much an item is worth, eliminating any ambiguity or confusion. Customers and sellers frequently view a product's worth differently in the marketplace.
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Dillon inc., an automobile company, wants to make its supply chain efficient and avoid carrying excess inventory. dillon can do so by using a _____.
Dillon inc., an automobile company, wants to make its supply chain efficient and avoid carrying excess inventory. dillon can do so by using a push production strategy. Hence, option B is correct.
What is push production strategy?Businesses generate things in response to anticipated or predicted demand in the push model of production. Following the production of units based on projected demand, businesses push their products onto the market.
Businesses need to be able to predict both quantity and quality demands from customers. In manufacturing and production, a push system is dependent on an anticipated or foreseen demand.
Thus, option B is correct.
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A) PEST analysis tool
B) push production strategy
C) Gantt chart
D) just-in-time manufacturing system
When a business fails or does not make a profit, _____ have the most to lose in terms of finances.
When a business fails or does not make a profit, owners have the most to lose in terms of finances.
Who are Business owners?A business owner is known to be any person who is said to be in control of any kind of operational as well as the monetary areas of any given business.
Note that they tend to bear the loss as well as the profit of that business and as such, one can say that When a business fails or does not make a profit, owners have the most to lose in terms of finances.
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A firm has a return on equity of 20 percent. the total asset turnover is 1.9 and the profit margin is 8 percent. the total equity is $5400. what is the net income?
A firm has a return on equity of 20 percent. the total asset turnover is 1.9 and the profit margin is 8 percent. the total equity is $5400.
Net profit equals.20 x $5,400, or $1,080.
Definition and Calculation of Return On Equity (ROE)
A financial metric called return on equity (ROE) measures a company's efficiency in relation to the equity of its owners. The statistic Return On Equity (ROE), like Return On Assets (ROA), aids investors in determining how effectively a company generates return on investment. This article examines the definition of ROE, its significance, and its application to investors.
ROE Calculator
Divide a company's net income by the equity held by its shareholders to get return on equity. Then double that amount by 100 to express it as a percentage.
ROW is calculated as (Net Income / Shareholder Equity) * 100.
An illustration of the ROE Formula, which states that ROE is calculated as net income divided by shareholder value
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The guiding imperative in capitalist economies is:________
a. the means of production.
b. means of transportation.
c. profit.
d. resource allocation.
e. service efficiency.
The guiding imperative in capitalist economies is profit. So the correct answer is (c).
A social science called economies examines how products and services are produced, distribute, and consumed as well as how people, corporations, governments, and entire countries decide how to distribute their resources. An economist analyzes the connection between a society's resources and its output, and their insights are used to influence economies policies concerning interest rates, tax laws, employment rules, global trade agreements, and company strategy. To spot prospective trends or predict the future of the economy, economists use economies indicators like the GDP and the consumer price index.
Therefore correct option is (c).
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Holly is a multitasker and prefers to work on more than one project at a time at work. edward hall would say that holly favors which approach to time?
If Holly is a multitasker and prefers to work on more than one project at a time at work. edward hall would say that holly favors polychronic approach to time.
What is multitasking?Multitasking can be defined as the ability of a person to carryout different or multiple activities or tasks at the same time.
On the other polychronic is similar to multitasking has it as well involves carrying different tasks at the same time.
Example of polychronic is to watch football and read at the same time.
Therefore If Holly is a multitasker and prefers to work on more than one project at a time at work. edward hall would say that holly favors polychronic approach to time.
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A path through a project network must reach every node. true false
A path through a project network must reach every node
This above statement is an Incorrect statement, therefore the correct option is False
What is Project Network?
A project network is a graph that displays the actions, lengths of time, and dependencies among your project's tasks. You should become familiar with network diagrams, often known as the project schedule network diagram, whether you're a project manager or a team member. A project network diagram is a crucial tool since it aids teams in visualizing the tasks that must be carried out throughout the course of a project. It also offers crucial context, such as task duration, order, and dependency. A project network (or project activity network) is a graphical representation that demonstrates the order in which the project's terminal pieces must be finished. It is quite similar to a flow chart. Each terminal element in the work breakdown structure indicates an activity related to a work package at the base level (WBS).
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The ________ refers to the medium that carries the message for a firm, such as a salesperson, advertising media, or public relations tools.
The channel of communication refers to the medium that carries the message for a firm, such as a salesperson, advertising media, or public relations tools.
What is Advertising media?
The term "advertising media" refers to a broad range of promotional outlets. Brands connect with potential consumers via a variety of advertising platforms. Utilizing the best channel may boost revenue and build enduring relationships with customers. Each brand must prioritize advertising media. Between a brand and its customers, each channel serves as a middleman. Discovering the ideal channel enables firms to successfully market their goods, explain their worth, and preserve reliable connections with the target market.
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