TRUE: Business professionals who are culturally intelligent believe other cultures can possess different yet valid approaches to business- management practices.
Culturally Intelligent refers to the potential that business is able to manage the different cultures diverse situations and work efficiently with them.
Different business has its own culture and gives great exposure to he other organization. It helps in learning new culture, skills and moreover it will create the personality of the people.
It will also boost the confidence level among the people.
It is very important and beneficial for business management practices as it led to global collaborations, wide market area, proper utilization of resources, interchange of knowledge.
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Application of the cost-benefit principle would lead one to purchase a _______ computer because _______ .
Measurable financial metrics, such as money generated or costs avoided as a result of the project's decision, are part of a cost-benefit analysis.
According to the cost-benefit concept, users should not pay more for financial information in financial statements than is necessary to provide that information.
According to the cost-benefit principle, all options should be considered before making a decision. Opportunity costs are one.
Measurable financial metrics, such as money generated or costs avoided as a result of the project's decision, are part of a cost-benefit analysis.
To assess the viability of cash flows from an asset or project, use the benefit-cost ratio. The risk-return profile of the project is more appealing the higher the ratio. A defective benefit-cost ratio would be the result of inadequate cash flow forecasts or an inappropriate discount rate.
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In online reverse auctions, ______ are competing for the business of the ______ by offering their products or services at ______ prices.
In online reverse auctions, Sellers compete for the business of the buyers by offering their products or services at the lowest prices.
What are reverse auctions?An auction type where the typical roles of the buyer and seller are switched around is called a reverse auction (also known as a buyer-determined auction or procurement auction). There is one buyer and numerous sellers who may be interested. In a regular auction, commonly referred to as a forward auction, buyers compete for products or services by putting forth progressively larger prices. In a reverse auction, on the other hand, the vendors compete with one another for the buyer's business, and prices often decline as the sellers underbid one another.
Because the fundamental idea is the same in all types of auctions, a reverse auction is comparable to a unique bid auction; nevertheless, a unique bid auction closely resembles a conventional auction because each bid is kept secret and a single, distinct winner is determined after the sale concludes.
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Initially you are going to work with a buyer as a transaction broker. before showing property you will provide the buyer with a:____.
Initially you are going to work with a buyer as a transaction broker, before showing property you will provide the buyer with a prospectus.
Prospectus is a legal document in which all the details are described about the organisation or the workplace associated. A transaction broker would keep all the details regarding the things he she is dealing with the third party organisation.
A proforma is been provided to the third party to assist in the relativeness, place and the amount which is to be considered while negotiating property.
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If dallas company billed a client for $16,000 of consulting work completed, the accounts receivable asset increases by $16,000 and:_____.
If Dallas company billed a client for $16,000 of consulting work completed, the accounts receivable asset increases by $16,000 and: revenue
What are impact of billing a client for consulting work?
The fact that a client is billed for work completed with an increase in assets, precisely, accounts receivable means there should a corresponding entry in another account class.
There would also be an increase in sales revenue because by billing for consulting work completed, in other words, performance of consulting services implies that the Dallas company has earned revenue regardless of whether or not the cash related to the transaction has been collected.
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Davis hardware company uses a perpetual inventory system. how should davis record the sale of merchandise, costing $690, and sold on account for $1,100?
The hardware company gets the amount for accounts receivable and Sales revenue for $1,340 and Cost of goods sold and Inventory for $810. Thus, option B is correct.
What is inventory?All the commodities, equipment, and supplies that a company keeps on board in anticipation of reselling these for such a profit are referred to as inventory.
The accounting equation of the following will be:
Accounts receivable $1,340
Sales revenue $1,340
Cost of goods sold $810
Inventory $810
Therefore, option B is the correct option.
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The demand for funds resulting from business investment in short-term assets is ____ related to the number of projects implemented, and is therefore ____ related to the interest rate
The amount of projects that are implemented and the interest rate have an inverse relationship with the amount of money that businesses need to finance short-term investments.
Marketable securities, commonly referred to as temporary investments or short-term investments, are financial investments that can be quickly converted to cash, usually within five years. After only three to twelve months, many short-term investments are sold or turned into cash. CDs, money market accounts, high-yield savings accounts, government bonds, and Treasury bills are a few typical examples of short-term investments.
These investments often consist of high-quality, extremely liquid assets or investment vehicles. Short-term investments can also specifically refer to financial assets owned by a corporation that are of a similar nature but with a few extra criteria.
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A country with a trade surplus generally has a favorable balance of payments, which means?
Trade with foreign nations brings in more money for the nation than it expends.
Why is there a trade surplus?
A trade surplus is an economic indicator indicating a favorable trade balance where a nation's exports are more than its imports.
Total Value of Exports minus Total Value of Imports is the trade balance.
When the outcome of the computation above is positive, there is a trade surplus.. It takes place when the outcome of the aforementioned computation is negative and is the opposite of a trade surplus, which denotes a net inflow. The Bureau of Economic Analysis in the US publishes trade balances on a monthly basis.
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When designing a product, the style, uses, and other related marketing activities, marketers must:____.
A product's appearance, intended usage, and other marketing components must all be created to be culturally appropriate.
The four Ps represent the crucial factors that must be carefully thought out and put into practice in order to properly advertise a good or service. Product, price, place, and promotion make up this list. The marketing mix is another name for the four Ps. They cover a wide range of aspects that are taken into account when marketing a product, such as what consumers want, how the good or service satisfies or doesn't satisfy those wants, how the good or service is perceived in society, how it distinguishes itself from the competition, and how the business that makes it engages with its clients.
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If a negative externality results from the refining of oil, the cost of production as seen by the oil refinery:_____.
If a negative externality result from the refining of oil, The cost of production as seen by the oil refinery does not include the external cost.
What is the cost of production?The total costs incurred by a business to deliver a service or produce a specific number of goods or services are referred to as the cost of production. Costs for labor, raw materials, and consumable supplies could all be accounted for in the production budget. The term "cost of production" in economics refers to the price paid to acquire the production factors—such as labor, land, and capital—necessary for the manufacture of an item. A motor vehicle tire, for instance, may include production costs that cover the cost of rubber, labor to make the product, and numerous manufacturing supplies. The material costs of providing the service and the labor expenses paid to staff tasked with doing so may be included in the service sector's production costs.
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Studies show that approximately blank______ percent of the new products that are launched go on to fail in the marketplace.
According to studies, almost 40% of newly introduced products eventually fail in the marketplace.
What exactly is a marketplace?
The market is an online marketplace that connects sellers and buyers through stimulating discussions and distinctive goods. It costs nothing extra for anyone with an active account to sell or purchase goods.
Well-known marketplaces attract a lot of traffic and users. They, therefore, have a large potential revenue stream.
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Rent-seeking behavior refers to activities designed to transfer income or wealth to a particular firm or resource supplier at someone else's or society's expense.
a. true
b. false
It is true that rent-seeking behavior refers to activities designed to transfer income or wealth to a particular firm or resource supplier at someone else's or society's expense.
What is Rent-Seeking?Rent-seeking is the activity of gaining financial benefits and boosting earnings using deceptive ways while failing to contribute to a productive improvement of the economy. Manipulating governmental policy, such as social service initiatives and publicly sponsored social services, is a part of rent-seeking.
Rent is described in economics as wealth acquired through dubious, frequently deceitful techniques. Utilizing resources in a deceptive manner, businesses and people fail to increase the productivity of the economy in order to get economic advantages.
Rent-seeking occurs when a person or business pushes another organization, such as the government, for grants, subsidies, or tariff protection. In addition to lobbying, rent-seeking can also take the form of money donations. Rent-seeking can occur when a person or business gives money and then deducts it from their taxes.
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Windswept, incorporated, has 520 million shares of stock outstanding. its price-earnings ratio for 2021 is 20. what is the market price per share of stock?
$31.61 has been determined as the market price per share.
There are 570 million shares outstanding in this case. Additionally, the 2010 net income or earnings were $1,201.
The formula for EPS is (Net income - Preferred stock dividends) / the number of outstanding shares.
= ($1,201,000,000 - $0,000,000) / 570,000,000
= $2.11
Additionally, the market price per share divided by earnings per share gives the price-earnings ratio (15)
The market price per share is as a result:
= 15 times the price per share
= 15 x $2.11
= $31.61
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You manage a farm equipment supply store in iowa. Use the price of soybean futures as a signal, an incentive, and as a source of information to help make better business decisions by answering the following questions. Soybean futures are:___.
A. investments into soybean farms where farmers pay a dvidend to investors who whole soybean futures. B. loans that buyers take out in order to buy soybeans at a low price, hold them for a short time, and sell them at a higher price to pay back their initial loan while still earing a profit. C. contracts where a buyer agrees to purchase soybeans at a specific time in the future. The price of soybean futures has increased over the last three months. as a soybean equipment supplier, how should you respond? A higher futures price indicates that farmers expect to be able to sell soybeans at____price in the future. You should____the amount of soybean farming equipment you plan on supplying to the market.
You manage a farm equipment supply store in iowa. Use the price of soybean futures as a signal, an incentive, and as a source of information to help make better business decisions by answering the following questions. Soybean futures are option C. contracts where a buyer agrees to purchase soybeans at a specific time in the future.
The price of soybean futures has increased over the last three months. as a soybean equipment supplier, how you would respond is that A higher futures price indicates that farmers expect to be able to sell soybeans at higher price in the future. You should increase the amount of soybean farming equipment you plan on supplying to the market.
Who is a store manager?A store manager also known as a retail manager is an individual that is highly responsible for the day to day activities (controlling and fulfilling duties) of a store. All employees working in the store report to the store manager. A store manager reports to a district/area or general manager.
Therefore, the correct answer is as given above
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Answer:
Option C
A higher futures price indicates that farmers expect to be able to sell soybeans at higher price in the future. You should increase the amount of soybean farming equipment you plan on supplying to the market.
Explanation:
Option C is correct because a contract is a bet on a future price.
A higher future price indicates there will be a scarcity and more soybean would need to be supplies
The maximum fine for driving and drinking an alcoholic beverage is:________
a. $200
b. $50
c. $1,000
d. $500
The maximum fine for driving and drinking an alcoholic beverage is 1000$
Therefore, the correct option is C. $1000
Alcoholic Beverage Punishments
Alcoholic Beverage
DUI, also referred to as Alcoholic Beverage, is a form of moving violation that happens when a driver is under the influence of alcohol or another dangerous substance. If someone is caught driving after drinking, they may face jail time, fines, or a suspension of their license.
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The sales department needs to rely on information from operations to understand __
The sales department needs to rely on information from operations to understand inventory, place customer orders, and forecast consumer demand.
What does the sales department do?Marketing a company's products and services is the responsibility of the sales department. The division includes a sales staff that collaborates to close deals, raise profits, and establish and maintain connections with clients to promote repeat business and brand loyalty.
Any firm needs its sales department to function effectively. It serves as the key link between clients and a business, item, service, or brand. Conversions, or occasions where customers perform an action that the organization wants, are increased by a strong sales force.
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The value of information is directly linked to how it helps decision makers achieve their organization’s _____.
The value of information is directly connected to how it helps decision makers achieve their organization’s goals.
How to achieve organization’s goal?Organizational goals are strategic objectives that the management of a company sets in order to describe anticipated results and direct employees' efforts. Organizational goals can be divided into three categories: individual, team, and corporate. These objectives all have set deadlines for completion. These objectives frequently have longer time horizons than others.
Goals aid in the definition of a company's mission, promote corporate expansion, and help it meet its financial objectives. A corporation can monitor its progress and identify the tasks that need to be addressed to achieve those business goals by setting specific organisational goals. Organizational goals are quantifiable targets that are established to assist a company in achieving objectives like increased revenue, improved client satisfaction, a greater market share, staff retention, or innovation in the products and services it offers.
Hence, The value of information is directly connected to how it helps decision makers achieve their organization’s goals.
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brandon owes his brother $120. he has a stamp collection worth $1,250 and he has $300 in a bank account. he also has a skateboard worth $95.which are brandon’s assets?
Brandon’s assets are of $1550
According to the question Brandon owes his brother $ 120 which means that he has to repay $120 to his brother.
Now he has a stamp collection of $ 1,250, bank account of $ 300 and also a skate board worth $ 95.
The assets of Brandon are:
Stamp collection = $ 1,250
Bank account = $ 300
Therefore Total assets are of:
=1250+300
=1550 $
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Why do people specialize and trade? with specialization and trade, people can _______.
Greater economic efficiency, favorable effects for consumers, and expansion prospects for industries with a competitive edge are all advantages of specializing and trading.
In order to increase efficiency, specialization is a method of production whereby an organisation concentrates on producing a small range of items.
Trade and specialization enable people to consume goods outside the boundaries of their personal production capacities and assist them in producing those goods at a lower opportunity cost than rivals.
Producers can profit from specialization and commerce thanks to the comparative advantage theory. People and nations become more efficient and productive by manufacturing items or services with the lowest opportunity cost and then trading with other countries.
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Carlos has been asked to evaluate new opportunities that his company can take advantage of while also investigating potential threats to its product line. carlos should use a(n)_______ to complete his task.
If Carlos has been asked to evaluate new opportunities that his company can take advantage of while also investigating potential threats to its product line, Carlos should use the SWOT analysis to complete his task.
What is the SWOT analysis?SWOT analysis is a form of business analysis that involves the examination of the Strengths and Weaknesses of certain decisions and the Opportunities and Threats that a business might encounter because of adopting certain approaches.
Carlos should adopt this approach when trying to resolve this issue. With this method, he will be able to identify threats and weaknesses and strengths, and weaknesses.
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True or false: stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.
It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.
Who are stakeholders?These are investors that has a vested interest in a company and can either affect or be affected by a business' operations and performance. Some examples of a stakeholders includes investors, employees, customers, suppliers, communities, governments, trade associations etc.
However, It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.
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Astore sold 14 more colored shirtsthan white shirts. the white shirtscost$9.95 and colors cost $10.50. if atotal of $310.60 weresold, how many of each type were sold?
Chance theory is the branch of mathematics that deals with numerical representations of the probability that an event will happen or that a statement is true.
What is probability ?The area of mathematics known as probability deals with numerical descriptions of how likely it is for an event to happen or for a claim to be true. The probability of an event is a number between 0 and 1, where, generally speaking, 0 indicates the event's impossibility and 1 indicates its certainty.
The likelihood of an event happening is gauged by probability. Many things are impossible to completely predict in advance. Using it, we can only forecast the probability, or likelihood, of an event occurring.
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The _____________ section of the purchase agreement you reviewed is not for the buyer to fill out. it is where the seller indicates whether the offer is accepted or countered.
The conditions section of the purchase agreement you reviewed is not for the buyer to fill out. It is where the seller indicates whether the offer is accepted or countered.
What is a Purchase Agreement?
An official contract between a buyer and a seller is known as a purchase agreement. It is a written statement of the terms and conditions of a transaction. When the buyer or seller requires assurance that both parties will uphold the agreed-upon terms, purchase agreements are frequently used for expensive goods or special orders.
Purchase agreements can take many different forms. Almost any form of an asset can be bought or sold using them. However, huge transactions that go beyond the realm of typical companies are where they are most frequently used.
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If a company fails to make an adjusting entry to record accrued expenses, the liabilities and net income will be overstated.
true/ false
'If a company fails to make an adjusting entry to record accrued expenses, the liabilities and net income will be overstated.
This statement is True.
In financial accounting, a liability is defined as a future waiver of economic benefits that a firm needs to provide to another firm as a result of past transactions or other past events.
Responsibilities can be defined in several ways. However, in actuarial calculations, liability term generally refers to the average (or mean) useful life of the liability. In other words, it refers to the average number of years it takes to pay off the debt.
Companies with liquidity problems can use debt to improve their liquidity. Most small businesses don't have enough cash to grow their business.
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A human capital investment analysis can identify which employees need what kinds of training?
A human capital investment analysis can identify which employees need Formal kinds of training.
What is Human Capital?This is known to be the needed knowledge, skills, experiences, as wells as abilities, education life, expertise, motivation and others by a company, etc.
Formal training & development is known to be a kind of mandatory form of training that is often done in a lot of basic jobs.
Formal training is known to be a term that connote a form of training that has been said to be structured as well as have a defined form of curriculum.
Therefore, A human capital investment analysis can identify which employees need Formal kinds of training.
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Capital needed for company activities cannot be acquired through: ______
a) stocks and bonds
b) current debt profits
c) arbitrarily firing employees
Correct option is C. Capital needed for company activities cannot be acquired through arbitrarily firing employees.
What is meant by at-will employment?
At-will employment is defined by US labor law as the right of an employer to fire an employee without cause (i.e., without having to provide "just cause" for termination) and without prior notice, so long as the reason is legal (e.g., not firing an employee due to their race, religion, or sexual orientation).
Courts reject any claims for damages resulting from a dismissal where an employee is recognized as having been hired "at will." The practice is viewed as unjust by people who believe that the work relationship is marked by an imbalance of bargaining power because an employee may also be entitled to quit their job without cause or notice.
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Law firms sometimes ask their employees to pad their billable hours or charge customers for tasks they did not perform. this is an example of ________.
There are times when law firms push their staff to increase their billable hours or bill clients for services they did not provide. An illustration of unethical behavior might be this.
What is an unethical behavior?An act that goes against what is morally right for a person, a business, a profession, or in politics is deemed unethical behavior. Additionally, it can refer to a person's actions that go against the values upheld in the neighborhood where they reside. Person acting unethically: lying to loved ones, friends, and coworkers in order to obtain dishonest gain; robbing a home or job; borrowing money from a friend and not paying it back with the intent to defraud him; maintaining an extramarital relationship; criticizing friends, family, or coworkers behind their backs; conducting personal business during work hours; manipulating expense reimbursements; and selling a property without disclosing its flaws.
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The classic flow is that mission drives business strategy, which in turn drives functional strategy. when the functional strategy then feeds back into the business strategy, experts refer to this as?
The classic flow is that mission drives business strategy, which in turn drives functional strategy. When the functional strategy then feeds back into the business strategy, experts refer to this as "closing the loop".
What is business strategy?As was already mentioned, many different components make up a corporate plan. Clear priorities and boundaries are established by this management action. Efficiently using energy resources and processes is decided upon by a business plan. Additionally, it guarantees that the organization's stakeholders and employers work together to achieve a common objective. They determine the future course of the business as well. Another key objective of the strategy is to provide businesses an advantage over rival businesses. These strategies are therefore centered on the goals and missions of the organization after carefully assessing the company's internal strengths and weaknesses and recognizing opportunities and hazards in the external environment.
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One reason that economists use microeconomics as the basis of macroeconomic analysis is:_________
One reason that economists use microeconomics as the basis of macroeconomic analysis is that all choices are made by individuals and firms.
What is the difference between microeconomics and macroeconomics?Microeconomics
Microeconomics is the study of how individuals and organizations allocate resources and set the prices at which they exchange products and services. It takes into account government laws, regulations, and taxes.
Supply and demand as well as other factors that affect price levels in the economy are the main topics of microeconomics. It approaches economic analysis from the bottom up. In other words, the goal of microeconomics is to comprehend human actions, choices, and resource allocation.
Macroeconomics
On the other side, macroeconomics examines a nation's behavior and how its policies affect the economy as a whole. Because it examines entire economies and industries rather than specific people or companies, it is a top-down approach. It aims to provide answers to issues like "What should the inflation rate be?" and "What spurs economic growth?"
Macroeconomics examines how changes in net exports affect a country's capital account or how the unemployment rate affects gross domestic product (GDP).
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Determining which tasks must be performed to attain organizational goals is part of which management function?
Choosing the tasks that must be completed in order to achieve organizational goals, stating their requirements, and specifying when they must be completed are all part of planning.
Setting goals and choosing a course of action to achieve them are both part of the management task of planning. Managers must foresee future situations and be aware of the current environmental factors affecting their firm.
Planning, organizing, leading, and controlling are the four widely acknowledged management functions that include these essential skills. Henri Fayol originally identified five parts that made up management.
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A title acquired from someone who already owns the goods free and clear is known as a ________.
A good title is one that is obtained from someone who already owns the things free and clear.
What is a good title?An implied term of a land purchase agreement is "good title," which means that the seller must transfer to the buyer a clear, marketable title free from encumbrances and potentially hazardous legal action brought by third parties with property rights.
Use terms that provide a good impression and pique the reader's interest to make the title intriguing, attention-grabbing, and simple to read.
If a mortgage was placed against the property but it was never paid off or if the mortgage is not satisfied in the record file, that is an example of a title defect.
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