Managers typically follow five steps in the decision-making process. the first step is to: evaluate the strengths and weaknesses of potential decisions.
Who is a manager?A manager can be defined as the person whose roles and responsibility is to plan, lead , coordinate and control the day to day activities of a company so as to achieve smooth operation.
Evaluating the strengths and weaknesses of potential decisions is important during decision-making process which is why it is the first step a manager is expected to follow during decision making process.
Therefore Managers typically follow five steps in the decision-making process. the first step is to: evaluate the strengths and weaknesses of potential decisions.
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Custodial accounts can be opened as? a a cash account only b margin account only c either a cash or margin account d either a joint cash or margin account
Custodial accounts can be opened as a cash account only.
Custodial accounts are savings account which are set up and administered by an adult for a minor. So the custodial accounts tend to have enormous flexibility with no income, withdrawal penalties or contribution limits.
A custodial account is a financial account which parents manage in their child's name. A custodial account is then irrevocably passed to the child when they become the adults. Custodial accounts have to be opened as a cash account only.
Thus, the custodian of the account controls that how money in the account is spent and invested.
Hence, option A is correct.
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How to prepare a check to replenish the fund for the expenditrues made since may 1?
Answer:
No , silly American..
Explanation: Cuz I'm from Russia
A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a?
A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a timeshare.
What does California's legislation on subdivided land serve?The primary goal of the Subdivided Lands Act, a consumer protection law, is to guarantee that proper disclosures are given. The California Department of Real Estate interprets and applies the Subdivided Lands Act, which governs public offers of land in subdivisions for sale or lease.
In order to ensure that new development occurs in a timely manner and that services like roads, utilities, open space, and other services are adequately provided, the California Subdivision Map Act grants local governmental agencies the authority to regulate and control the design and improvements of subdivisions.
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The formula to calculate the amount of manufacturing overhead to allocate to jobs is:______
Predetermined overhead rate multiplied by the actual amount of the allocation base used by the particular work is the formula used to determine how much manufacturing overhead should be allocated to jobs.
You must total up all indirect costs associated to the manufacturing of a product in order to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance to machines, indirect materials and labor, and more. Manufacturing support costs or factory overheads are other names for manufacturing overhead. Manufacturing overhead costs do not include overhead charges like general administrative costs and marketing expenses.
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When choosing which bidder wins the award of a new competitive bid municipal issue, the deciding factor is the:_______
a. coupon rate
b. net interest cost
c. premium
d. reoffering scale
The correct answer is net interest cost.
Competitive bidding is a formal method for determining what the applicants need and formally requesting it so that possible service providers may assess it and make bids for it.
What is underwriting a competitive bid?Bidding wars or a sale reached through negotiations. In a competitive underwriting, a new bond issuance is sold at public auction to the underwriter or syndicate of underwriters who make the best offer based on predefined criteria, often the lowest net interest cost (NIC).
What kinds of competitive bids exist?The Request for Quotation (RFQ), Request for Proposal (RFP), and Request for Qualifications (RQFL) are the three formal competitive bidding procedures that have been shown to be the most successful.
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Because negative messages may cause anxiety for employees, it is usually best to begin with negative messages first, and then end with neutral messages. group of answer choices
a. true
b. false
The statement is false.
The indirect strategy involves delivering terrible news first, followed by a supportive comment, and then the bad news itself. A remark meant to soften the blow of unpleasant news is known as a buffer statement. It can provide some encouraging news or a carefully worded warning. The message should include reasonable justifications for the bad news after a buffer statement. The bad news should then be relayed as diplomatically as possible. Try to finish by having a constructive conversation.
The second strategy is to use a direct method to convey unfavorable sentiments. When the communication's recipient is receptive to the news, this strategy performs well. It can also be applied if the person anticipates a poor outcome.
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How do delivery companies track packages? group of answer choices
a. they use code-scanning technology.
b. they use gps.
c. they use robotic arms to load packages.
d. they use a learning management system.
Companies track packages through code-scanning technology
What is code-scanning technology?It is a machine-scannable image that a smartphone camera can instantaneously read. Numerous black squares and dots that stand in for various pieces of information make up each QR code. Your smartphone will transform the data when it scans this code into a form that humans can understand. A camera or other imaging device can scan a QR code, which is made up of black squares in a squ in a square grid on a white background. Reed-Solomon error correction is then used to process the picture so that it can be properly decoded.
There would be a catastrophic amount of errors introduced. By organizing the process of gathering and tracking product data, barcodes aid in preventing these occurrences. The fact remains that mistakes are expensive. A tool for finding potential security problems in an application is code scanning.
Hence, companies track packages through code-scanning technology.
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When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a(n):_________
When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a GIFT.
What is a gift for tax purposes?For the purposes of taxation of property, a gift refers to a property that a taxpayer gives to another taxpayer while both are still alive.
Another requirement for the property to be a gift is that the person who gave it, should expect nothing in return. Gifts are not as taxed as other transactions.
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The substitution effect of a change in the price of bananas refers to the way in which a change in the:______.
The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.
What is change in the price?
The difference between an asset's original and final values is known as the price change. It might be detrimental or beneficial. Investor choices are influenced by price movements. Investor confidence will be high for a financial instrument that exhibits a steady price increase over time.
Therefore,
The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.
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The concept of restrictive practices in the u.s. market economy is ____________________.
The idea of restrictive practices is constantly changing in the American market economy.
What exactly is a restrictive practice?
A restrictive practice is when someone is forced to do something against their will or is prevented from fulfilling a desire.
What harm might restrictive practices bring about?
Additionally, restraint may be utilized by law enforcement, emergency transport services, remand facilities, and prisons. Restrictive practices can have a negative impact on one's mental and physical health, harm the therapeutic alliance, and violate one's human rights.
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Suppose you find a production possibilities frontier (ppf) that is shaped like a straight line. what can you determine about the production of the two goods?
Anywhere along the PPF, the production of the two items is subject to continual opportunity cost.
What does Production Potentials Frontier mean?
The production possibility frontier (PPF) is a curve on a graph that depicts the potential output of two goods whose production is dependent on the same limited resource. Another name for the PPF is the production possibility curve. PPF also has a significant role in economics. For instance, it can indicate that a nation's economy has reached its peak efficiency.
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Richards billed patients for $12,000 of services rendered. the appropriate journal entry to record this transaction is:_____.
Richards billed patients for $12,000 of services rendered. the appropriate journal entry to record this transaction is Credit Revenue. The ordinary equilibrium for your value is known as a credit balance, and in that capacity, revenues must be recorded as a credit and not a charge.
What does Credit Revenue means?In Accounting, revenues are credits since revenues make proprietor's value or investors' value increment.
Revenue Credit implies the revenue from the Arrangement's Speculation Assets if any, that are held in the Revenue Credit Record inside the Arrangement and that stay after the installment of Plan costs.
At your bookkeeping year's end, all revenue account credit adjusts must be shut and afterward moved to your capital record, accordingly expanding your value.
Therefore Credit Revenue is correct.
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The assigns punishments to companies whose employees are involved in forms of workplace deviance. True or false?.
The U.S Sentencing Commission assigns punishments to companies whose employees are involved in Serious forms of workplace deviance.
What are workplace deviance?In group psychology, workplace deviance is defined as the conscious (or purposeful) desire to hurt an organization, more especially a workplace. In the area of organizational communication, the idea has grown to be crucial. The phrase "voluntary conduct that breaches established standards and, in doing so, harms the organization's well-being" is more accurate. People frequently form psychological contracts with their firms, and as a result, employees frequently develop a set of expectations about their job. The employee may "perceive a psychological contract violation by their employers" when expectations are not met.
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Contribution margin equals ________. multiple choice sales minus fixed cost fixed cost minus variable cost sales minus variable cost minus fixed cost sales minus variable cost
Contribution margin equals sales minus variable cost
What is contribution margin?
Contribution margin means the extent by which the sales price exceeds the variable cost, in other words, it sales price per unit minus the variable cost per unit or total sales revenue minus the total variable costs on total volume basis.
Contribution margin means the level of contribution that each sold contributes towards the recovery of the company's total fixed costs, in short, the correct option in this case, is that contribution margin is the sales minus the variable cost.
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When courts find accountants liable for constructive fraud, the implication is that:______.
Even if they were unaware of the fraud, accountants may be held accountable for it.
How does constructive fraud work?A legal fable known as "constructive fraud" describes a circumstance in which a person or organization obtained an unfair advantage over another using dishonest or unjust means. As opposed to true fraud, no proof of intent is required. The failure to inform clients of product flaws is one example of unfair practices.
The elements are:
1) a duty owed by the party to be charged to the complaining party due to their relationship;
2) violation of that duty by making deceptive material misrepresentations of past or current facts or remaining silent when a duty to speak exists; and
3) reliance on such statements by the complaining party.
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What must an agent do if a buyer or seller refuses to sign the required ny disclosure form?
Finish up a declaration form that depicts current realities of what occurred.
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from the consumer's perspective, which of the following is a postpurchase question? question content area bottom part 1 a. what are the best sources of information to learn more about alternative choices? b. how is the product eventually disposed of? c. what does this purchase say about the consumer? d. what determines whether a consumer will be satisfied with a product? e. is acquiring a product a stressful or pleasant experience?
From the consumer's perspective, an example of a postpurchase question is: b. how is the product eventually disposed of?
What is consumer behavior?Consumer behavior can be defined as the study of the processes that are involved when individuals or groups of people engage in the selection, purchase, use, or disposal of products (goods), ideas, services, or experiences to satisfy their unending needs, requirements and desires.
From the consumer's perspective, we can reasonably infer and logically deduce that an example of a postpurchase question is "how is the product eventually disposed of?" because at this point the product has reached the end of its life cycle.
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A relatively small group of managers at the head of an organization that establishes overall strategy and long-range goals is called _____ management.
A relatively small group of managers at the head of an organization that establishes overall strategy and long-range goals is called top management.
This is further explained below.
What is top management.?Generally, compare upper management to middle management for a better understanding of the difference between the two. the most senior personnel of an organization or firm, such as the heads of several departments or divisions led by the chief executive.
In conclusion, Top management is the relatively small group of managers that sit at the very top of an organization and are responsible for determining the firm's overarching strategy as well as its long-term objectives.
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List the activities in the value chain in the order they occur for a cookie retailer, with the first activity on top.
This is the correct order :- 1) Acquire raw materials 2) Baking 3) Sales 4) Service.
What Is a Retailer?Retail is the practice of purchasers purchasing products and selling them directly to consumers, as opposed to suppliers or wholesalers. The retailers act as a liaison between wholesalers and clients. They buy products from the wholesaler and sell them in tiny quantities to the final clients. Retailers have the opportunity to produce and create more sustainable products since they offer a wide range of products and are in constant contact with a significant network of suppliers.
A retailer is the final link in the supply chain and the one that connects and distributes the goods and services directly to the customers; however, they do not create any of the products they sell.
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If an entrepreneur gives up her job to start a new business, the forgone earnings are:______.
If an entrepreneur gives up her job to start a new business, the forgone earnings are implicit costs.
What is implicit cost?
Implicit costs are a special kind of opportunity cost: they represent the cost of the company's existing resources that could have been used in another way. An entrepreneur who runs a firm, for instance, could use her labor to pay the bills at a job.
Therefore,
If an entrepreneur gives up her job to start a new business, the forgone earnings are implicit costs.
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amos' antiques, inc., is characterized by separation of management from ownership and by clearly defined lines of authority and responsibility. these characteristics are consistent with the principles of
These characteristics are consistent with the principles of: bureaucratic organizations.
The main criticism advanced against scientific management by the psychologists is that it's mechanical in approach. He has practically no say in determining the policies with relation to work.
Human resources management involves all management decisions and actions that affect the link between the organization and its employees – in other words, its human resources. HRM refers to the management of all decisions within a company that are associated with people.
Scientific management implies the appliance of science to the task management of an industrial concern. Scientific management may be a thoughtful, organized human approach to the task of management as contrasted with hit or miss, rule of thumb.
Over speeding - the scientific management lays standard output, time so that they should rush up and finish the ad time. These have adverse effects on the health of workers.
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The adjusted trial balance provides account balances reported in which financial statements?
The adjusted trial balance provides account balances reported in which financial statements:
Statement of stockholders' equity
Balance sheet
Income statement
What is Income statement?
One of the most often and important financial statements you're likely to see is an income statement. Income statements, sometimes referred to as profit and loss (P&L) statements, include the cumulative effect of revenue, gain, expense, and loss transactions and include a summary of all income and expenses for a specific period.
Therefore,
Statement of stockholders' equity
Balance sheet
Income statement
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Demand is said to be ___________ when the quantity demanded is very responsive to changes in price. group of answer choices
Demand is said to be Elastic when the quantity demanded is very responsive to changes in price.
What is Elasticity of Demand?Demand responsiveness to changes in other market variables is measured by demand elasticity. The price elasticity of demand, for instance, indicates how much demand will change in response to a change in a product's price.
Both elastic and inelastic demand exists. Demand that is elastic is more responsive to changes in the variables being measured against. Products that are inelastic are less sensitive to the changes being measured.
The slope of the demand curve and price elasticity of demand is directly correlated. The law of demand, which states that consumers will demand a greater quantity of goods at lower prices and a lesser quantity of goods at higher prices, was most likely covered in your very first economics course. The downward sloping of demand curves is explained by the law of demand.
Thus the Law of demand directs the elasticity of demand.
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The principle that trade can make everyone better off applies to interactions and trade between.
The principle "that trade can make everyone better off" applies to interactions and trade between families, states within the United States, and nations.
What is trade?A trade is defined as an exchange of goods or services between two parties. The mechanism that enables trade is a market. When a nation exchanges its surplus for a resource that another nation can give, it is trading. This is when a nation takes advantage of its wealth of resources.The tea trade, wherein tea is imported from China and bought in the US, is an illustration of trade. The elimination of world poverty depends on trade. International trade-friendly nations tend to develop more quickly, innovate, boost productivity, and give their citizens greater opportunities and higher incomes. By making goods and services more accessible to customers, open trade also benefits people with lower incomes.Learn more about trade here:
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Assume an initial equilibrium at d1 and s1 with a price of $1.20 million per machine. if the government places a $100,000 excise tax on each new scanner sold, the new equilibrium price will be:_____.
The price of the new equilibrium will be less than $1.30 million.
What Exactly Is Equilibrium?
Prices stabilize when market supply and demand are equal. Equilibrium refers to this. In general, a surplus or excess lowers prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.
When supply and demand balance one another, a state of equilibrium is created.
A market is considered to have attained equilibrium when the supply and demand for a good or service are equal.
Consistent agent conduct, a lack of motivation for agents to change their behavior, and the dynamic nature of equilibrium outcomes are three features of an equilibrium market.
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_______ help managers with the skills required to accomplish a specific kind of work.
Technical skills help managers with the skills required to accomplish a specific kind of work.
Who is a manager?A manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization (company), especially by being morally upright, skillful, well behaved and promoting the business's vison, culture, and values at all times.
What are technical skills?Technical skills can be defined as a series of specialized knowledge, professionalism, and expertise that are required to perform or accomplish a specific kind of task and work, including the use specific tools and software applications in real world situations.
In this context, we can reasonably infer and logically deduce that technical skills help managers with the skills required to accomplish a specific kind of work.
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In the country beta it takes two hours of labor to produce a unit of tea and four hours of labor to produce a unit of bread. In the country zeta it takes three hours of labor to produce a unit of tea and nine hours of labor to produce a unit of bread. Which of the following is true? a. country zeta has an absolute advantage in producing both tea and bread. b. country zeta has an absolute advantage and a comparative advantage in producing tea. c. country beta has an absolute advantage and a comparative advantage in producing tea. d. country beta has the lower opportunity cost in producing bread and therefore a comparative advantage in producing bread. e. country beta, with trade, will export both tea and bread to country zeta.
The true statement is country beta has an absolute advantage and a comparative advantage in producing tea. (option c).
What is absolute and comparative advantage?A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
The opportunity cost of producing one unit of tea for country beta = 4/2 = 2 hours
The opportunity cost of producing one unit of tea for country Zeta = 9/3 = 3 hours
The opportunity cost in the production of tea is lower for country Beta. Thus, it has a comparative advantage in the production of tea.
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.
Country Beta produces 1 unit of tea in 2 hours and it takes country Zeta 3 hours. Because it takes country beta less hours, it has an absolute advantage in the production of tea.
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Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes? multiple choice microeconomics marginal economics macroeconomics monetary economics
Answer to the question is microeconomics.
Microeconomics is a branch of mainstream economics that studies the behavior of persons and corporations in making selections related to the allocation of scarce sources and the interactions amongst these people and firms.
What is the difference between macroeconomics vs microeconomics?Microeconomics has applications in trade, industrial organisation and market structure, labor economics, public finance, and welfare economics. Macroeconomics is the find out about of the selections of countries and governments. The term analyzes whole industries and economics instead than folks or specific companies.
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When evaluating eyewitness testimony, the investigator must discriminate between fact and opinions.
What is testimony?
In the law, testimony is a sort of evidence that is gathered from a witness who makes a serious statement or declaration of fact. Written or spoken testimony is typically given under oath or affirmation under penalty of perjury. Written testimony is typically seen by one or more people who swear or acknowledge its authenticity, also under penalty of perjury, in order to be acceptable in court and for maximum trustworthiness and validity.
Evaluation of the any testimony follows the evidence given. The examiner attempts to piece together the events (facts) of the crime into a logical pattern following the witness examination. They then decide whether or not this pattern of events is supported by the evidence and the witness testimony.
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financial accounting primarily deals with the methods accountants use to provide information to an organization’s internal users.
Financial Accounting primarily deals with the methods accountants use to provide information to an organization’s internal users is false.
The basic role of Financial Accounting is to allow outsider to assess the value of an association.
Financial Accounting is a specific piece of accounting including a course of recording, summarizing, and enumerating the bundle of trades coming about in view of business undertakings all through some unclear time span.
The structure directs the guidelines, cycles, and norms for monetary recordkeeping.
These exchanges are summed up in the readiness of fiscal summaries, including the balance sheet, pay proclamation, and income explanation, that record the organization's working exhibition over a predetermined period.
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