A mission statement typically answers the questions "What is our purpose?" and "What do we want to become?"
It defines the company's purpose, values, and goals and serves as a guide for decision making and strategy development.
It also answers the question "What business are we in?" by outlining the company's core products or services and market focus. Mission statements may also provide some information about how the company plans to serve its target markets, but this is not always the primary focus. The market position of a company is usually not directly addressed in a mission statement.
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data associated with various groups of individuals, such as employees and other stakeholders who might be integral for an organization's success, are called . group of answer choices people data confidential data personally identifiable data anonymous data
Personally identifiable data (PII) is a term used to describe any information that can be used to identify a specific individual.
This type of data is often collected and stored by organizations in the course of their business activities and includes information such as:
NameSocial Security numberDate of birthHome addressEmail addressPhone numberPassport numberDriver's license numberBank account informationPII is considered sensitive information, as it can be used for identity theft, financial fraud, and other types of malicious activities if it falls into the wrong hands. It is therefore important for organizations to take measures to protect this type of data and to ensure that it is handled in a responsible and secure manner. Organizations that collect, store, or process PII must comply with a range of privacy laws and regulations, such as the General Data Protection Regulation (GDPR) in the European Union, the California Consumer Privacy Act (CCPA) in the United States, and others. These laws set standards for how organizations must handle PII, including requirements for data security, data retention, and data destruction, as well as the right of individuals to access and control their own PII. In conclusion, personally identifiable data refers to information that can be used to identify a specific individual, such as employees and other stakeholders who might be integral for an organization's success. It is important for organizations to take measures to protect this type of data and to ensure that they are in compliance with relevant privacy laws and regulations.
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the model generates revenue from the fees charged for matching buyers and sellers. a. trader-side marketplace b. third-party exchange marketplace c. seller-side marketplace
The model mentioned generates revenue from fees charged for matching buyers and sellers, which can fall into two categories: (a)trader-side marketplace and (c)seller-side marketplace.
A trader-side marketplace is a platform that focuses on attracting traders and investors who want to buy and sell assets, such as stocks or commodities. The fees charged by the marketplace are taken from the traders in the form of transaction fees or commission charges.
A seller-side marketplace, on the other hand, focuses on connecting sellers with potential buyers, such as in e-commerce platforms. The fees in this case are usually taken from the sellers, who pay to list their products and reach a wider audience.
The model could be either a trader-side marketplace or a seller-side marketplace, depending on its focus and target audience. In both cases, the key to generating revenue is to match buyers and sellers effectively and charge fees for the service.
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parker corporation, which operates on a calendar year, expects to sell 6,000 units in october, and expects sales to increase 20% each month thereafter. sales price is expected to stay constant at $11 per unit. what are budgeted revenues for the fourth quarter?
To calculate the budgeted revenues for the fourth quarter, we'll first need to calculate the expected number of units sold in each month of the quarter.
The expected number of units sold in October is 6,000. To calculate the expected number of units sold in November and December, we'll need to apply a 20% increase in sales each month:
November: 6,000 * (1 + 20%) = 7,200
December: 7,200 * (1 + 20%) = 8,640
Next, we'll multiply the expected number of units sold in each month by the sales price of $11 per unit to find the budgeted revenue for each month:
October: 6,000 * $11 = $66,000
November: 7,200 * $11 = $79,200
December: 8,640 * $11 = $95,040
Finally, we'll add up the budgeted revenues for each month to find the budgeted revenue for the fourth quarter:
Budgeted Revenue for the Fourth Quarter = $66,000 + $79,200 + $95,040 = $240,240
So the budgeted revenues for the fourth quarter are $240,240.
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complete set of accounts used in accounting systems is called ?
Complete set of accounts used in accounting systems is called chart of accounts.
A complete list of all the accounts used to record financial transactions in an accounting system is provided in the chart of accounts. It helps to guarantee that transactions are documented properly and consistently by acting as a framework for organising financial data. An index of all the financial accounts in a company's overall ledger is called a chart of accounts (COA).
Accounts representing assets, liabilities, equity, revenue, costs, and other financial activities are frequently included in the chart of accounts. The accounts are categorised according to the requirements of a particular firm or sector, and they may also be further broken down into more in-depth accounts.
A crucial instrument for financial management is the chart of accounts, which enables businesses to track their financial performance, monitor.
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if we are trying to have a retail selling price of$3.00 on the shelf in china for each dr. tasty here in minnesota and export to china with the inclusion of the tariff on the total value and shipping?
The total cost of the product, when exported to China, will be the sum of the retail selling price, the shipping cost and any applicable tariffs.
To calculate this, you will first need to calculate the tariff on the total value. The tariff rate for goods imported from the USA to China can be found on the USTR website. Once you have the tariff rate, you can calculate the amount of the tariff.
Next, you will need to find out the cost of shipping the product from Minnesota to China. This cost can be found by contacting a shipping company or researching online. Finally, you can add the retail selling price, the shipping cost, and the tariff to calculate the total cost of the product.
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suppose a study shows that the demand for lacoste shirts is more elastic than the demand for all shirts. what could be a likely explanation for this?
There are several factors that could explain why the demand for Lacoste shirts is more elastic than the demand for all shirts.
Some of the likely explanations include:
Brand recognition: Lacoste is a well-known and established brand, and consumers may be more likely to switch to alternative brands if the price of Lacoste shirts increases.
Price point: Lacoste shirts are typically more expensive than other shirts, which means that consumers may be more sensitive to price changes.
Availability of substitutes: There may be more substitute products available in the market for Lacoste shirts, which means that consumers have more options if they decide to switch brands.
Consumer income: The consumers who buy Lacoste shirts may have higher incomes, which means that they are more likely to be price-sensitive.
Product differentiation: Lacoste shirts may be seen as a luxury product or a status symbol, which means that consumers may be less willing to buy them if the price increases.
Overall, these factors can all contribute to a more elastic demand for Lacoste shirts compared to the demand for all shirts.
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the bike company wants to make a 40% profit. wholesale a certain bike costs $450. how much will the bike company sell the bike for?
The bike company will sell the bike for $630 to make a 40% profit ( 40% of $450 added to $450)
The term "profit" refers to the monetary gain realised when the income from a commercial operation outweighs the expenses, charges, and taxes related to operating that enterprise. The proprietors of the business get any profits made and have the option of keeping them for personal use, paying dividends to shareholders, or reinvesting them back into the business. Profit, which is an absolute number, is the amount of income or revenue that a business makes over and above its costs or expenses. It is calculated as total revenue less total expenses and can be found on an organization's income statement.
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all the well-qualified, high-performing workers sonya has hired have quit. they tell her that they enjoy the job but that it does not pay well enough and there aren't opportunities for growth or promotion. if sonya's business fails, what will be the likely cause?
The likely cause for Sonia business failing will be difficulty in keeping good employees. When someone joins a job, they anticipate future growth and income increases.
After one or two of employment with your company, if employees do not perceive any opportunities for advancement, they may go for other pastures in search of a raise, an additional training curve, and improvement in their area of specialization. Employees must be content with their work environment, the people around them, and their opportunities for advancement and learning, among other factors, in order to be satisfied with their jobs. Nothing will stimulate your employees' enthusiasm in their jobs if they feel underappreciated. A sentiment of undervaluation within the organization can quickly transform an asset into a problem. When employees work hard for your business, acknowledge their efforts and let them know you value what they have to offer. Research shows that 66% of workers would think about quitting if they felt underappreciated at work. Make them feel appreciated by acknowledging the work they have made. After all, your business consists of a group of talented people who work for your business.
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which of the following is not one of the primary sectors of the construction industry?? a. health care construction b. commercial building c. heavy civil construction d. industrial construction
The correct answer is A. Health Care Construction. Health Care Construction is not one of the primary sectors of the construction industry.
The primary sectors of the construction industry are commercial building, heavy civil construction, and industrial construction. Commercial building includes the construction of office buildings, stores, restaurants, and other non-residential structures.
Heavy civil construction includes roadways, bridges, tunnels, and other large-scale infrastructure projects. Industrial construction includes the construction of factories, power plants, refineries, and other large industrial buildings.
Health Care Construction includes the construction of hospitals, medical offices, and other health care facilities.
Overall, the primary sectors of the construction industry are commercial building, heavy civil construction, and industrial construction. Health Care Construction is not one of the primary sectors of the construction industry.
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Sal, a calendar-year taxpayer, uses the cash-basis method of accounting for his sole proprietorship. In late December, he performed $40,000 of consulting services for a client. Sal typically requires his clients to pay his bills immediately upon receipt. Assume that Sal's marginal tax rate is 32 percent this year and 37 percent next year and that he can earn an after-tax rate of return of 12 percent on his investments. Should Sal send his client the bill in December or January
Sal should send the bill in January.
By delaying the recognition of income until next year, Sal can defer the payment of income taxes on that income until next year when his marginal tax rate is 37 percent. Meanwhile, he can invest the $40,000 and earn an after-tax rate of return of 12 percent. By the time he pays taxes on the deferred income in the next year, he will have earned enough from his investments to offset the increased tax liability.
Additionally, he will have used the cash for an extra month to generate additional after-tax investment income. However, it's worth noting that this strategy may not be effective in every case, and Sal should consider other factors such as his cash flow needs and the stability of his investments.
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1. Which of the following are tasks associated with business administration positions? (2 poi
Select the two that apply.
answering phones
designing goods for production
delivering goods to market
maintaining records
repairing computers
Answer:It's A
Explanation: Took the test
Identify each cost listed as either explicit or implicit costs.
Rent
Wages
The cost of time
Using resources already owned
What may be lost
The explicit costs are rent, and wages and implicit costs are the cost of time, using resources already owned and what may be lost.
What are the explicit costs?Explicit costs are direct payments made to others in the course of running a business, such as wages, rent and materials, as opposed to implicit costs, where no actual payment is made. It is possible still to underestimate these costs, however: for example, pension contributions and other "perks" must be taken into account when considering the cost of labour. Explicit costs are taken into account along with implicit ones when considering economic profit.
Accounting profit only takes explicit costs into account.
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say you are 25, and you plan to work the following 20 years to retire. what lump sum amount do you need to save and invest today to achieve your fi of 750,000? assume an 8% real rate of return per year. show the math and interpret your answer.
Lump sum amount that you need to save and invest today in order to achieve a financial goal of $750,000 by the time you retire in 20 years is $483,824.
To determine the lump sum amount that you need to save and invest today in order to achieve a financial goal of $750,000 by the time you retire in 20 years, we can use the formula for future value of an investment:
FV = PV * (1 + r)^n
where:
FV is the future value (the amount you want to have at retirement)
PV is the present value (the amount you need to save and invest today)
r is the real rate of return (in this case, 8%)
n is the number of years until retirement (in this case, 20)
Rearranging the formula to solve for PV, we get:
PV = FV / (1 + r)^n
Plugging in the numbers:
PV = $750,000 / (1 + 0.08)^20
PV = $750,000 / 1.55679
PV = $483,824
So, you would need to save and invest $483,824 today in order to achieve your financial goal of $750,000 by the time you retire in 20 years.
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what does the makhlouf case demonstrate about how anonymous shell companies pose an existential threat to millions of people?
The Makhlouf case serves as an example of how anonymous shell firms pose an existential threat to millions of people.
The actual person or persons who own and run an anonymous shell company—the so-called beneficial owners—are either obscured or not recorded at all; these entities frequently amount to nothing more than a title in a corporate registry and a nameplate on a door.
These businesses give the wealthy and well-connected the ability to conceal their assets from tax authorities, law enforcement, and other parties who might be interested. They frequently do this by nesting their businesses inside a complex web of other companies that have been organised in various jurisdictions.
Shell businesses are frequently created through a companies service provider, which is a business that can incorporate on behalf of one or more people.
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income statement little books inc. recently reported $3 million of net income. its ebit was $6 million, and its tax rate was 40%. what was its interest expense? [hint: write out the headings for an income statement and fill in the known values. then divide $3 million of net income by (1 - t)
Interest expense is calculated by subtracting EBIT from Net Income and dividing by (1 - T). In this case, it was $2.4 million.
Income StatementRevenue:
Expenses:
EBIT: $6 millionInterest Expense: $2.4 millionTax Expense: ($2.4 million x 40%) = $960,000Net Income: $3 millionInterest expense is calculated by subtracting EBIT from Net Income and dividing by (1 - T), where T is the tax rate. In this case, the EBIT was $6 million and the tax rate was 40%, so the interest expense was $2.4 million ($3 million - $6 million) divided by (1 - 0.4) = $2.4 million.
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Upload your completed spreadsheet comparing five hybrid cloud companies
The term "hybrid cloud" refers to the services provided by data centres and public clouds combined. Some of its vendors are WebSphere Cast Iron Cloud Appliance, Federation Enterprise Hybrid Cloud, CloudSystem, LotusLive, Windows Azure platform, and Amazon Web Services.
Top 5 by Revenue: Global Leaders in the Hybrid Cloud Market
Hybrid cloud solutions give merchants a competitive edge by offering traditional IT infrastructure state-of-the-art services to their customers in addition to being affordable and secure. Since hybrid cloud computing solutions provide a secure firewall for private services and sufficient . They are popular among both large and small enterprises due to its integration for public ones.
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what is the inventory turnover ratio for abc corporation if cost of goods sold equals $6,400, current ratio equals 3, quick ratio equals 1.5, and the firm has $2,220 in current assets? enter the answer rounded to 1 decimal place.
The inventory turnover ratio for ABC corporation is 5.76 times the answer rounded to 1 decimal place.
Given the following information:
Cost of goods sold: $6,400Current ratio: 3Quick ratio: 1.5Current assets: $2,220Computation of current liabilities
Current ratio = Current assets / Current liabilities
3 = $2,220 / Current liabilities
Current liabilities = $2,220 / 3 = $740
Computation of liquid/quick assets
Liquid ratio = Liquid assets / Current liabilities
1.5 = Liquid assets / Current liabilities
1.5 = Liquid assets / $740
Liquid assets = 1.5 × $740 = $900
Computation of Inventory
= Current assets - Liquid assets
= $2,220 - $1110
= $1110
Inventory Turnover Ratio
= Cost of goods sold / Inventory
=$6,400 / $1110
= 5.76 times
An organization is an agency—normally a collection of people or a business enterprise—legal by way of the country to act as an unmarried entity (a felony entity recognized by private and public law "born out of statute"; a prison character in felony context) and recognized as such in regulation for certain purposes.10 Early integrated entities were mounted by charter (i.e. through an ad hoc act granted by means of a monarch or surpassed through a parliament or legislature).
Maximum jurisdictions now allow the advent of the latest organizations thru registration. businesses are available in many different types however are usually divided by means of the regulation of the jurisdiction wherein they may be chartered based totally on aspects: by way of whether they are able to trouble stock, or through whether or not they are shaped to make a profit. relying on the wide variety of proprietors, a company can be labeled as a combination (the problem of this article) or sole (a legal entity including an unmarried incorporated workplace occupied by means of a single natural character).
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multiple choice question blank budgeting is the process of planning and managing a firm's long-term assets. multiple choice question. optional conventional capital performance-based
Capital budgeting is the process of planning and managing a firm's long-term assets. Therefore, option B: 'capital budgeting' is the correct answer.
Capital budgeting is the process of evaluating and deciding on investments in long-term assets or projects. The goal of capital budgeting is to determine the feasibility and potential profitability of investments, and to allocate the company's financial resources in the most efficient manner. Capital budgeting involves forecasting cash flows associated with the investment and then evaluating those projections to determine whether the investment will generate adequate returns to justify the investment.
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the price of a product in a competitive market is $200. if the cost per unit of producing the product is 140 0.5x dollars, where x is the number of units produced per month, how many units should the firm produce and sell to maximize its profit?
The firm should produce and sell 60 units per month to maximize its profit.
So, the profit of the firm can be expressed as follows:
Profit = (Price per unit) * (Number of units produced and sold) - (Cost per unit) * (Number of units produced and sold)
= 200x - (140 + 0.5x)x
= 200x - 140x - 0.5x^2
To maximize the profit, the firm should set the derivative of the profit function with respect to x equal to zero and solve for x:
d(Profit)/dx = 200 - 140 - x = 0
x = 60
Profit function refers to a mathematical expression that calculates the profit of a business. It is used to determine the financial performance of a company and assess its profitability over a given period of time. The profit function is calculated by subtracting all the costs associated with producing and selling a product or service from the revenue generated by the sale of that product or service. The result is the net profit, which represents the financial gain of the company after deducting all the expenses.
Profit function is important in decision-making processes, as it helps companies determine the optimal price for their products, the quantity of products to be produced, and the level of production that results in maximum profit. By analyzing the profit function, businesses can also identify areas for cost reduction and increase profitability.
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several techniques can be used to obtain an indication of land value. the cost approach to valuation would most likely be used for which of the following properties? a. church b. high-rise apartments c. one-family residential property d. retail office space
The concept is the Cost Approach method, which estimates the value of the real estate by calculating the cost of replacing a structure. The answer is option A, church.
The cost approach provides a statement of value that is the sum of the appraised value of the land plus the depreciated cost of the building and other improvements. The total cost of constructing a new building today often limits its value, provided the building is used to its full potential for the property.
The cost approach assumes that the fair value does not exceed the cost to the store operator to acquire or produce a replacement asset of comparable utility, adjusted for obsolescence.
The cost-based approach is considered less reliable than other property valuation methods but can be useful in some cases, e.g. when evaluating a new building or a single-family house with multiple comparabilities.
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leah associates purchased $500 of supplies on account. this transaction would be recorded with a debit to which account?
Leah associates purchased $500 of supplies on account. This transaction would be recorded with a debit to the supplies account.
What is a transaction?A completed agreement between a buyer and a seller to exchange goods, services, or financial assets in exchange for money is referred to as a transaction. In corporate accounting, the term is also frequently used. Depending on whether a company uses accrual or cash accounting, a transaction may be recorded sooner or later.
When Leah associates purchased $500 of supplies on account, the journal entry for this transaction would be :
Supplies Account $500
To Accounts Payable $500
Therefore, supplies account is the correct answer.
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what is the present value of $100 one year from now if the interest rate is 10%? what is the present value if the interest rate is 5%?
The present value of $100 one year from now with an interest rate of 10% is $90.91. This can be calculated as 100 / (1 + 0.1) = 90.91. The present value of $100 one year from now with an interest rate of 5% is $95.24. This can be calculated as 100 / (1 + 0.05) = 95.24.
The concept of present value refers to the value today of a future payment or stream of payments, adjusted for the time value of money. In other words, it's the amount that would need to be invested today in order to receive a specified future amount, given a certain interest rate.
For example, if an individual knows they will receive $100 in one year, and the interest rate is 10%, the present value of that $100 payment would be $90.91. This is because $90.91 invested today at 10% interest would grow to $100 in one year. Similarly, if the interest rate is 5%, the present value of the $100 payment would be $95.24.
In essence, the present value helps to determine the worth of future payments in terms of today's dollars, taking into account the interest rate and the time until the payments are received.
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you spend an entire saturday going to car dealerships in search of a used car. you spend hours looking at cars and even test drive a few, but there are none you like that fit your budget. what is the sunk cost you should ignore when deciding whether or not to buy a car that day
The sunk cost you should ignore when deciding whether or not to buy a car that day is the time you spent going to car dealerships and looking at cars, as well as the time you spent test driving cars.
Although you have already invested a significant amount of time into your search for a car, it is important to remember that this time cannot be recovered.
Therefore, when deciding whether or not to buy a car, you should focus on the current costs and benefits associated with the purchase, rather than the time you have already invested.
This means that if the car you are looking at does not fit your budget, or is not the car you had in mind, then it is best to walk away and continue your search another day.
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Could someone help me please?
Answer: Yes Definitely. But i need the question
Explanation:
you can get the solution on Brainly straightly.
discuss the propriety of timing the recognition of revenue in pipers publishing company accounts with:
1. Before the magazine is produced and delivered for the cash sale of the magazine subscription, income shouldn't be recorded.
Why should the magazine be published every month, and how should you discuss the timing?It is preferred over the first since more of the money is related to monthly publication than to subscription sales.
What about the time of both events is appropriate?When the costs are indirect, it is possible to estimate the overall revenue with greater accuracy than is typically the case, and it is also possible to estimate the revenue that can be attributed to each key event.
The following question is incomplete he complete question is as follows:discuss the propriety of timing the recognition of revenue in Pipers Publishing Company accounts with:
1. the cash sale of the magazine subscriptions
2. the publication of the magazine every month
3. both events, by recognizing a portion of the revenue with the cash sale of the magazine subscription and a portion of the revenue with the publication of the magazine every month.
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according to your readings, ________ was able to link external suppliers, which allowed it to obtain more than 70 percent of parts from outside the organization.
According to your readings, Chrysler was able to link external suppliers, which allowed it to obtain more than 70 percent of parts from outside organisations.
Perhaps more than any other business function, purchasing is routine-dependent in many organisations. Companies continue to engage annually with their established networks of suppliers or sources despite the numerous economic and political disruptions to their supply of resources. The abilities and perspectives of many purchasing managers, however, were developed 20 years ago at a period of relative stability, and they haven't altered. However, no business can longer allow purchasing to fall behind other divisions in recognising and responding to global environmental and economic changes. Such a mindset is not only out of date, but also expensive.
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If the cross-price elasticity of demand (ϵA,B)
for two goods is negative, this tells us that the goods are:
A. Substitutes
B. Complements
C. Normal
D. Inferior
If the cross-price elasticity of demand (ϵA,B) for two goods is negative, this tells us that the goods are complements.
What is the cross-price elasticity of demand ?
The percentage change in the amount requested of one product as a result of the price change of a second, "related," product is known as cross price elasticity of demand.
When the price of good B rises, demand for good A will rise as well, which is known as a positive cross elasticity of demand. As a result, products A and B can be effectively replaced.
What is the formula for cross-price elasticity?
A formula for determining the cross-price elasticity of demand (XED) of two distinct goods or services is known as the cross-price elasticity formula. When considering two separate items, A and B, cross price elasticity (XED) is calculated as (% change in demand of product A) / (% change in price of product B).
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which one of these costs accounts for the difference between accounting income and economic value added? group of answer choices depreciation cost of capital taxes dividends
Cost of capital accounts for the difference between accounting income and economic value added.
The correct option is B.
The cost of capital is the minimum return a business must achieve to be able to justify investing in a capital budgeting project, like constructing a new factory.
Analysts and investors refer to cost of capital, but it is always an assessment of whether the costs associated with a planned choice can be justified.
A comparison of an investment's prospective return to its cost and hazards is another way that investors may use the phrase.
Business executives, accounting teams, and investors must take into account three elements to determine cost of capital: the weighted average cost of capital, the cost of debt, and the cost of equity
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unit materials list many measures of excellence in technical communication. one is that it is honest; another is that it is accessible. what are three other measures of excellence?
Other than honesty, and accessibility, the other measures of excellence in technical communication includes comprehensiveness, professionalism, and correctness.
Before using the knowledge effectively, efficiently, and safely, the readers must first read this comprehensive description of the topic. The reader will take a paper more seriously if it appears professional. Grammar, spelling, mechanics, punctuation, and word usage must all be accurate. If something is incorrect, you might unintentionally mislead a reader and put them in danger.
The content of the text must be simple for readers to find. The reader does not want to waste time flipping or clicking through content they do not need, whether the publication is on paper or online. Assessibility is this. If you lie to the reader, they could be taken advantage of, hurt, or even killed.
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during what period in the business cycle are firms first likely to cut their marketing budgets? a. depression b. recovery c. economic standstill d. prosperity e. recession
During a recession, firms are first likely to cut their marketing budgets. During this, there is a decrease in economic growth, and GDP, industrial production tend to decline. So, the correct option is E.
A recession is a period of economic contraction that typically lasts for several months. Businesses often experience a decrease in revenue and profits during a recession, and as a result, many firms will look for ways to conserve cash and reduce expenses.
One of the areas that businesses may target for cost-cutting during a recession is marketing. Marketing budgets can be significant, and firms may view these expenses as discretionary, meaning they can be reduced or eliminated without affecting the core operations of the business.
By cutting marketing expenses, businesses can conserve cash, reduce their expenses, and better position themselves to weather the economic downturn. It's important to note that while cutting marketing expenses can help businesses conserve cash during a recession, it can also have negative consequences.
Reducing marketing efforts can lead to a decrease in brand awareness, customer engagement, and ultimately, sales. Firms must weigh the benefits of conserving cash against the potential long-term effects of reducing marketing efforts.
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