Answer:
Contract of agency
Explanation:
The contract of agency refers to a legal contract in which the two party relationship existed, the one party would be acted as a representative for the other person who is dealing in a business to establish a contractual relationship between the other person and with the third person
Therefore the given situation is known as the contract of agency and hence the same is to be considered
org303 According to the textbook, the most important reason for organizations to rely on research is that it ultimately
Answer:
Explanation:
The most important reason for organizations to rely on research is that it ultimately provides the organization with insight on how a specific decision will perform in the target market and what effects it will have on the company. This is because research provides valuable information such as a target population's interests, hobbies, spending behaviors, needs, likes/dislikes, etc. All of which are factors that help determine if that population will buy a certain product and increase the organizations revenue.
A non-MFP (non-Municipal Finance Professional) contributes $500 to an elected official's campaign in which he is entitled to vote. What would be the result of this action?
Answer:
Explanation:
This action will not result in a 2 year ban on the municipal broker dealer conducting municipal securities business with that issuer because the Municipal Securities Rulemaking Board
( MSRB )rule only applies to the Municipal Finance Professional
( MFPs )
Today, most salespeople are well-educated, well-trained professionals who work to build and maintain long-term customer relationships by teaching their customers, assessing their needs, and organizing the companyâs efforts to solve customer problems.
a. True
b. False
Answer:
b. False
Explanation:
The above is false because sales people are supposed to build and maintain long term relationships with their customers by listening to and assessing their needs and not teaching their customers. Sales people create a concerted effort towards solving those needs experienced by their customers.
A salesperson represent the image of the company he or she is selling for, hence must be professional and well trained because the company gets profit through his interactions with the customers. This means that before the company gets profit, customers must be satisfied because these salespeople act as critical link between the company and its customers.
"The legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment banking department is the:"
Answer:
Sarbanes-Oxley Act of 2002.
Explanation:
Sarbanes-Oxley Act of 2002 is a legal framework which was passed by the 107th U.S Congress on the 30th of July, 2002. The law required that investment banking be completely made rid of research analysts who works at a broker-dealer firms, so that the analysts are not influenced to write favorable reports to enhance their potential investment banking businesses.
Hence, the legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment banking department is the Sarbanes-Oxley Act of 2002.
It is a law that imposes a stiffer penalty for any securities related law break offence by the accountants, auditors etc by mandating strict reforms to the existing securities regulations.
Your company needs to ship 10 heart pacemakers that cost $10,000 each from Indianapolis, Indiana, to Miami, Florida. Which transportation mode should you use?
Answer:
"Air" is the correct solution.
Explanation:
A mode of carriage whereby the flight attendants, mail as well as cargo were often transported by air. This technique's biggest advantages seem to be the substantial duration of information saved owing to the increased flying speed.It is indeed a network whereby local airports provide air transport to something like a centralized airport whereby long-haul flights become accessible.So that the above seems to be the right approach.
Employee recognition programs have been found to be associated with increased employee ________. self-esteem citizenship behaviors job satisfaction self-esteem and job satisfaction self-esteem, citizenship behaviors, and job satisfaction.
Answer:
self-esteem and job satisfaction
Explanation:
Employee recognition programs make workers feel they are appreciated and that the work they do is relevant to the firm they work for. It is also makes them feel recognised by their company. These increases self-esteem and job satisfaction
On August 1, ABC Company sold its investment in Teal Company for $12,400. On the previous balance sheet, the investment had a fair value of $11,400. The journal entry to record the sale will include a
Answer:
The journal entry to record the sale will include a,
Cash $12,400 (debit)
Profit and Loss $1,000 (credit)
Investment in Teal Company $11,400 (credit)
Explanation:
The Investment is carried in the the Financial statement at its Fair Value of $11,400, and this needs to be eliminated following the sale.
Recognize the cash proceeds following the sale of investment of $12,400.
Lastly any amount paid in excess of the Fair Value of the Investment must be recognized as profit or as loss (if fair value exceeds the cash proceeds)
A wholesaling firm has a computerized billing system. Because of a clerical error while entering information from the sales order, one of its customers was billed for only three of the four items ordered and received. What controls could have prevented, or resulted in prompt detection and correction, of this situation?
Answer:
Explanation:
The best prevention method for such a scenario would have been matching line control counts produced by the computer with predetermined line control counts. This is because line control counts, work by identifying undesirable events as they occur by comparing the counted line items on a document with the predetermined line control counts for each document in order to detect missing lines and prevent errors in billing such as the one in this scenario.
Most organizations with strong cultures and a sound system of rewards and incentives can eventually internalize boundaries rather than use explicit rules and regulations. What is the technique for moving in that direction?
Answer: minimize training and indoctrination.
Explanation:
From the question, we are informed that most organizations with strong cultures and a sound system of rewards and incentives can eventually internalize boundaries rather than use explicit rules and regulations.
The technique for moving in that direction is to minimize training and also indoctrination. It should be noted that organizations should employ people who already possesses the culture of the organization. This will help to reduce training and also makes the goals of the said organization to be achieved quickly.
Because each supply chain process should add value to the products or services a company produces, a supply chain is frequently called a __________ chain.
Answer:
value
Explanation:
because the process is adding values to product
Assume that chips cost $1 and soda costs $2. If the consumer has $14, the combination of goods that would maximize his utility per dollar and remain within his budget would be
Answer:
The remaining amount that the consumer would have would be $11
Explanation:
If the person originally had $14 but spent $3 all together on their items they would remain with the amount of $11.
(I hope this helps, I'm not sure if it's exactly what you were looking for but it's something so...)
Which of the following statements is false? a. When the required rate of return on a bond equals its coupon rate, the bond will sell at its par value.
Answer:
The answer is D. The price of a bond at its maturity is equal to the final coupon payment
Explanation:
All the options are correct except option D which states that The price of a bond at its maturity is equal to the final coupon payment.
The price of a bond is never equal to the final coupon payment. Coupon payment is the periodic payment paid by the issuer. It can be annual or semiannual or quarter etc. While bond price is the present value of the future cash flows of the bond. Bond price is determined at the initiation of the transaction.
It is the face value of the bond plus coupon payment that is paid at the maturity of the bond.
Cake Mart understated its ending inventory in the current year by $5,000. The company incorrectly reported net income of $100,000. Determine the effect of the error on the financial statements.
Answer:
C. Cost of goods sold will be too high by $5,000, and this caused net income to be understated by $5,000
Explanation:
In this scenario, the final stock is understated by $5,000 which indicates that the cost of the products sold is overestimated by $5,000 which affects the net profit by understating the $5,000 amount
As if the portion of the stock is impacted, it influences the cost of the products sold that eventually impacted the net profit. And the correct net sales will be $95,000 ($100,000-$ 5,000)
9. You decide to run a landing page experiment to test a new carousel which highlights your top performing products. Which two reports could you use to determine which products to highlight? (select two)
Answer:
Product Performance and Ecommerce Overview
Explanation:
These are the options to the question;
Shopping Behavior Analysis
✓Product Performance
✓Ecommerce Overview
✓Sales Performance
Whenever you decide to run a landing page experiment, to test a new carousel which highlights your top performing products, the two reports that could be use to determine which
Products to highlight are Product Performance and Ecommerce Overview.
Product performance is essential to test a new carousel which highlights your top performing products so that the functionality part of the product can be known.
E-commerce overview is crucial to test a new carousel which highlights your top performing product because e-commerce gives the insight to buying and selling of the products.
Your boss told you that she is giving you a 5% raise starting with your next paycheck. You are very pleased to hear this good news until you learn that some of your coworkers earned a 10% raise. Now you are unhappy and angry about your raise. Your experience is best explained in terms of
Answer: The relative deprivation principle
Explanation:
The relative deprivation principle is based on a concept that an individual feels cheated of some event or happening when they hear that same people who participated in such event gained better than them. This is a normal occurrence in many offices as regards promotions; when an individual gets to discover that their was a general raise in pay but his was the smallest ratio amongst the other person's, he would feel deprived. Also such scenario do happen in promo being carried out in business between end users who don't get the same promo price despite they feel they were supposed to get same.
Conjoint studies are run to understand how consumers make a. impressions. b. trade-offs. c. money. d. observations.
Conjoint studies are run to understand how consumers make trade-offs. Option (b) is correct.
Conjoint analysis is a statistical technique for market research that quantifies the key attributes that customers find most appealing in a specific good or service. Businesses can gather exact audience data through conjoint analysis to make better decisions regarding their products and prices.
Companies use conjoint analysis, a type of statistical analysis, in market research to comprehend how customers value various aspects or qualities of their goods or services.
Learn more about conjoint, here;
https://brainly.com/question/13677418
#SPJ6
In a purchases-payables computer system, a purchase order is created after which document has been processed?
What strategy is often followed when access to the market is limited by high tariffs or non-tariff barriers, when shipping costs are prohibitive, or when the exporter is not interested in pursuing the market?
Answer: licensing
Explanation:
Licensing is a form of business arrangement whereby an organization gives room for another organization to produce its product or render its services for a particular amount.
The strategy is often followed when access to the market is limited by high tariffs or non-tariff barriers, when shipping costs are prohibitive, or when the exporter is not interested in pursuing the market.
The process of coordinating the promotion mix elements and synchronizing promotion as a unified effort is known as
Answer:
integrated marketing communications.
Explanation:
This is rightly so because it involves deliberate integration of promotion mix elements which includes;
advertisingsales promotionspublic relationsdirect marketingpersonal sellingBy so doing a company determines as regards its products and services, what you say, how to say it, who to say it, what channels to use to reach them, and how often to communicate.
If an employee sits down with a supervisor and sets a goal to reduce waste on the assembly line by 3%, the reward the supervisor provides if the goal is reached is called a ______.
Answer:
Bonus.
Explanation:
Just as the name sounds, so is it an additional pay that is been given to an employee seen to appear above their regular earnings, this bonus is seen to be used by many organizations in different forms are categorically given to employees or a team that achieves significant goals. This little pay go a very long way in the life, performance and output of a team or employee. Also, employee morale, output and also motivation. Due to the positive returns from this act, a lot of organisations tends to practice this ritual consistently because every goal or target reached by an employee or or team brings the organisation closer to success.
Discuss the primary goals of expansionary and contractionary fiscal policies and their effects on unemployment rates, inflation rates, interest rates, private investment, and GDP.
Answer:
The primary goals of expansionary and contractionary fiscal policies and their effects on unemployment rates, inflation rates, interest rates, private investment, and GDP:
Country A pursues expansionary fiscal policy in order to grow the economy and create full employment. For example, If Country B decides to cut tax rates or increase government spending, shifting the aggregate demand curve to the right , then it wants the economy to expand.
On the other hand, US Congress can also decide to raise tax rates or cut government spending, thus shifting aggregate demand to the left.
Explanation:
Country A's expansionary fiscal policy reduces the unemployment rates, increases inflation rates, interest rates, private investment, and GDP.
The US contractionary fiscal policies ensure that the unemployment rate is increased, while inflation and interest rates are reduced. There is also reduced private investment and GDP as a result of the contractionary fiscal policies.
In the language of global marketing, ________ is the phrase used to describe advertising that represents a middle ground between 100% standardization and 100% localization.
Complete Question:
In the language of global marketing, ________ is the phrase used to describe advertising that represents a middle ground between 100% standardization and 100% localization:
Group of answer choices
A) "stereotype advertising"
B) "template advertising"
C) "cookie-cutter advertising"
D) "compromise advertising"
E) "pattern advertising"
Answer:
E) "pattern advertising"
Explanation:
In the language of global marketing, pattern advertising is the phrase used to describe advertising that represents a middle ground between 100% standardization and 100% localization (adaptation).
Companies that have their businesses across the world are poised with the question of how to advertise; whether to use a single (standard) advert in all of their business locations (countries) or to diversify their adverts. A pattern advertising is an effective marketing strategy to help them answer this question. It is a combination of 100% standardization and 100% localization.
Berning Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated life of 8 years, or 10,000 hours of operation. The tractor was purchased on January 1, 2016 and was used 2,400 hours in 2016 and 2,100 hours in 2017. On January 1, 2018, the company decided to sell the tractor for $70,000. Berning uses the units-of-production method to account for the depreciation on the tractor. Based on this information, the entry to record the sale of the tractor will show:
Answer:
$38,000 loss
Explanation:
For calculation of entry to record the sale of the tractor first we need to determine the total depreciation and net book value on Jan 1, 2018 which is shown below:-
Total depreciation = (Tractor cost - Salvage value) × (Hours in 2016 + Hours in 2017) ÷ Hours of operation
= ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10,000
= $72,000
Net book value on January 1, 2018 = Tractor cost - Total depreciation
= $180,000 - $72,000
= $108,000
Loss on sale = Sold tractor amount - Net book value on January 1, 2018
= $70,000 - $108,000
= $38,000
Aaron has designed innovative accessories for hard-core bicycling enthusiasts.He knows where and how he will make them,and he needs to turn his attention to the getting the products to the customers.As he chooses retail partners,which of the following is least important in this process?
A) looking at the channel structure
B) determining where target customers will expect to find this product
C) considering characteristics of channel members
D) encouraging new bicycling enthusiasts
E) considering distribution intensity
Answer: Encouraging new bicycling enthusisasts
Explanation:
From the question, we are informed that Aaron has designed innovative accessories for hard-core bicycling enthusiasts and the he knows where and how he will make them,and he needs to turn his attention to the getting the products to the customers.
As he chooses retail partners, the least important in this process is encouraging new bicycling enthusiasts
"Suppose that the video game company Ultravision releases a new game called "Call of Obligation: Modern Combat 3." This can be analyzed using tools from both microeconomics and macroeconomics. Classify the items according to whether they are an application in microeconomics or macroeconomics."
Answer:
Microeconomics
How much will Ultravision charge for "Call of Obligation?"
Is Ultravision able to sell all of the "Call of Obligation" games it produces or do they need to produce more?
How does Ultravision choose to market "Call of Obligation?"
How much will Ultravision pay the developers of the game?
Macroeconomics
Has the country's unemployment rate changed as Ultravision hired a huge team of workers to develop the game?
Have the millions of dollars that people have spent on video games worldwide affected the Gross Domestic Product (GDP) in their respective countries?
How much less economic output occurs countywide because workers call in sick to stay home and play either "Call of Obligation" or another video game?
Explanation:
Microeconomics refers to the study of the events resulting from responses of individuals to changes in motivation, prices, measures to produce and methods of production.
Macroeconomics
Macroeconomics is the subdivision of economics that is concerned with the functioning and organizational structure, characteristics, behavior and the selection processes and making decision with regards to the entire economy.
"A bond trader believes that he has too much inventory in 25-year ABC corporation bonds. The dealer would most likely:"
Answer: b. hedge the bond positions
Explanation;
If the bond trader believes that he has too much inventory in 25-year ABC corporation bonds, it means he is worried that this holding can lead to potential loss.
The dealer would therefore like to act against this by hedging the bond positions which means to use derivative instruments such as interest rate swaps to ensure that the risk resulting from holding that many bonds is minimized.
When a magazine company collects cash for selling a subscription, it is an example of: Group of answer choices
Answer:
A deferred revenue transaction
Explanation:
Magazine subscriptions are payments made for future editions of a magazine. When the magazine is eventually produced it is delivered to the customer.
So when the magazine company collects cash for a subscription they are being paid for a service that is not yet rendered.
As revenue is recognised when the when it is earned (when service has been rendered), this is classified as a deferred revenue transaction.
A material overstatement in ending inventory was discovered after the year-end financial statements of a company were issued to the public. What effect did this error have on the year-end financial statements
Answer:
Current assets to be overstated and gross profit to be overstated.
Explanation:
Inventory is the product that is sold by a business to generate profits. They are purchased and sold out to customers within a given period.
If inventory is overstated it means that cost of goods sold is understated. This will inflate the profit of the business in financial statements.
Cost of goods sold = Starting inventory + Purchases - Ending Inventory
If ending inventory is overstated it will reduce cost of goods sold.
Also as inventory is a current asset of the business that can be sold within a short time, an overstatement of inventory is an overstatement of current assets.
Exchanging business cards in Asia must be done with respect, according to the customs and norms of the country or region. This protocol is considered important during which stage of the personal selling process?
Answer:
Approach
Explanation:
The personal selling process is a term used in marketing that describes a seven-step operation, which includes the following stages: prospecting, pre-approach, approach, presentation, meeting objections, closing the sale, and follow-up. All the stages deal with issues of sales and marketing solutions.
However, the Approach stage is defined as the preliminary meeting between the salesperson and the prospective customer, whereby the salesperson gets to know the potential customer in a very short period of time. This includes how to greet in accordance with the customs and norms of the potential customer.
Hence, in this case, the correct answer is APPROACH
Seller Dayne was made aware by the trustee that the lender was wanting to proceed with foreclosure on his property. What type of financial agreement does Seller Dayne have with this lender
Answer:
Promissory agreement and Deed of trust.
Explanation:
In this scenario, Seller Dayne was made aware by the trustee that the lender was wanting to proceed with foreclosure on his property. The type of financial agreement that Seller Dayne have with this lender is a Promissory agreement and Deed of trust.
A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.
On the other hand, a deed of trust can be defined as a legal document used by a party (borrower) to pledge his or her property to another party (lender) as guarantee or collateral for the repayment of a loan. The deed of trust is typically made up of three (3) parties; the lender, borrower and a trustee.
Additionally, a foreclosure on a property refers to a legal procedure whereby the property being pledged by a borrower for a debt is sold to pay off the debt as a result of defaulting in payments or terms with respect to a loan.