Answer:
Option d "Directive" is the correct alternative.
Explanation:
Under this approach, management teams or supervisors should lead the organizational objectives of workers and design the way to reach these objectives.The manner including its directive ensures that perhaps the organization specifically addresses as well as follows the guidelines and restrictions.All other alternatives aren't connected to the scenario. So the above is the right approach.
Pat can either drive to work, which takes half an hour and uses $1.50 worth of gas, or take the bus, which takes an hour and costs $1.00. How should Pat get to work?
Answer:
pat should drive if saving half an hour is worth $0.50 or more
Explanation:
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal cost of taking the bus = 1 / 2 = 0.50
Marginal utility is the additional utility derived from consuming one more unit of a good
Marginal utility per good = marginal utility / price of the good
Pat should take the action that would yield him the highest utility given the marginal cost
So,pat should drive if saving half an hour is worth $0.50 or more
If policymakers are concerned about the unequal distribution of income within society, then they should prefer a ________ tax system.
Answer:
Progressive income
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
There are three (3) types of taxation used by the government, these are;
1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.
For instance, John pays 30% on $70,000 and Joyce pays 10% on $45.000.
2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.
For instance, John pays 20% on $50,000 and Joyce pays 20% on $36,000.
3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.
For instance, John pays 15% on $60,000 and Joyce pays 20% on $36,000.
Hence, if policymakers are concerned about the unequal distribution of income among employees or workers within their society, then they should prefer a progressive income tax system.
Third-Party Woes. Trudy owed Sam $40 for a book she purchased from him. Trudy mowed Betty's yard for $40 and agreed with Betty that Betty would pay Sam for the book. Sam is not initially aware of the agreement. Betty pays no one. Trudy also mowed Bob's yard for $40 in return for Bob's agreement to give the payment to Sally representing Trudy's birthday present to Sally. Bob later refuses to do so saying that promises to give gifts are not enforceable. He then moves out of town. Trudy tells both Sam and Sally that she is broke, that Sam needs to get his $40 for the book from Betty, and that Sally is owed $40 from Bob for her birthday present. Which of the following is the likely result if Sam sues Betty for the $40 that Trudy owes him for the book?
A. Sam will win.
B. Sam will lose because his only right of action is against Trudy.
C. Sam will lose because he was not aware of the assignment before the duties were completed.
D. Sam will win, but only if he can prove that Trudy has insufficient funds with which to pay him.
E. Sam will lose because the attempted delegation was against public policy.
Answer: B. Sam will lose because his only right of action is against Trudy.
Explanation:
Sam had no agreement with Betty to pay him for the book. His only agreement was with Trudy and so he has no right of action against Betty. Had Trudy made him a party to the transaction with Betty, then he would have had a right of action against Betty.
His only option is to go after Trudy as she will not be able to avoid paying him because she delegated the debt, especially as she didn't tell Sam about it.
A cost that remains fixed over limited ranges of volumes but changes by a lump sum when volume changes occur outside these limited ranges is called a _____ cost. multiple choice fixed variable mixed step-wise curvilinear
Answer:
Variable cost
Explanation:
because sometimes companies set fixed price to other product
Answer:
Stepwise
Explanation:
The correct choice is stepwise cost.
Prior to recording adjusting entries, the office supplies account had a $360 debit balance. A count of the supplies showed $105 of unused supplies remaining. The required adjusting entry is
Answer:
debit Office Supplies Expense, $255; credit Office Supplies, $255.
Explanation:
Based on the information given the required Appropriate adjusting journal entry is:
Debit Office Supplies Expense $255
Credit Office Supplies $255
($360-$105)
You are obligated to do anything you can to lawfully win an advantage for your buyer. This is an example of which fiduciary duty
Answer:
Loyalty
Explanation:
Fiduciary responsibility is a form of obligation one owes another.
A fiduciary duty refers to when a person or entity places trust, confidence, and reliance on another to exercise expertise in acting on the client's behalf.
The fiduciary(the person who has the dity) must willingly accept that trust and confidence. He must always act in the interest of the beneficiary.
Fiduciary responsibilities:
1. The duty of care
2. The duty of loyalty
3. The duty of obedience
In the three-lines-of-defense model of risk management, the enterprise risk management program is responsible for controlling risk on a daily basis. True False
Answer:
False
Explanation:
The three lines of defense are Operational Management, Risk Management, and Internal Audit.
Operational Management's goal is to prepare and maintain internal controls that will help in executing risk and control procedures on a daily basis. While the purpose of risk management is to ensure that the first line of defense (i.e. operational management) is functioning properly as required.
Keeping the above points in view the statement "the enterprise risk management program is responsible for controlling risk on a daily basis" is false as it is responsible for overseeing the operational management rather than controlling risk on daily basis.
f a business wants to sell a product or service on the Internet for the first time, the __________ would need to understand the wide-ranging risks involved as well as the organization's security capability. A. executive committee B. operational risk committee C. compliance committee D. security committee
Answer:
b
Explanation:
The operational risk committee has the responsibility of maintaining and overseeing the operational risk of an organisation. They are to identify possible operational risks of all the activities of a company and take steps to mitigate and manage such risks
The functions of The operational risk committee includes :
Identify possible risksEvaluate the risks Develop and implement strategies needed to manage the riskEvaluate the risk and strategize implemented regularlyIf a buyer's willingness to pay for a new Honda is $30,000 and she is able to actually buy it for $28,000, her consumer surplus is
Answer:
$2,000
Explanation:
Calculation to determine the consumer surplus
Consumer surplus=$30,000-$28,000
Consumer surplus=$2,000
Therefore consumer surplus is $2,000
A project is expected to generate annual revenues of $129,300, with variable costs of $72,400, and fixed costs of $18,900. The annual depreciation is $4,950 and the tax rate is 21 percent. What is the annual operating cash flow
Answer:
$42,950
Explanation:
Data and Calculations
Revenue $129,300
Less variable costs ($72,400)
Less fixed costs ($18,900)
add depreciation $4,950
Operating Cash flow $42,950
Thus
The annual operating cash flow $42,950.
The Fed can manipulate the reserve ratio in order to influence the ability of commercial banks to do what
Answer:
loan out money
Explanation:
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. The lower the ratio, the higher the increase in money supply
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Which concept deals with giving employees the power to make commitments and use resources to accomplish the assigned tasks
Answer:
The concept of organizing is that which gives employees the right to use resources and make commitments
A ______ is a group of employees, selected for their expertise, who come together on a temporary basis to bring about a particular change in an organization.
Setting personal goals, peer evaluations, and parental involvement are all components of what type of instructions?
A.
concrete
B.
essential
C.
manipulative
D.
individualized
Concrete instructions is the term for setting personal goals, peer evaluations, and parental involvement.
What is concrete instructions?This is type of instruction that is usually tailored by the teacher to meet the personal goals of the student.
In this type of instruction, the family of the student is usually involved and the peers of the students are all parts of the evaluation process.
Read more on concrete instructions here:https://brainly.com/question/14591988
Answer:
concrete
Explanation:
Explain the relevance of opportunity cost for a travel firm in deciding how to use its
resources
Explanation:
Weighing opportunity costs allows the business to make the best possible decision. If, for instance, the company determines an alternative choice's opportunity cost is greater than what the company gains from its initial decision, the company can change its mind and pursue the alternative choice.
In Silicon Valley, California, it is not unusual for highly skilled employees to stay at one company for about three years. These specialized employees have a mind-set for rapid promotion. They believe that they have only themselves to blame if these high goals are not met. William Ouchi would categorize the management style that these employees operate under as Multiple Choice Type A. Type B. Type J. Type Z.
Answer:
Type A.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
William G. "Bill" Ouchi is an American professor who was famously known for his Theory Z in business management.
According to William Ouchi, the management style that the employees described in this scenario operate under is Type A.
Answer the following question on the basis of the information about the hypothetical economy of Nanawaiya. All figures are in the millions. Not in the labor force 45 Unemployed 7 Total population 45 Employed 95 Discouraged Workers 3 The labor force is __________ Group of answer choices
Answer:
102 million
Explanation:
Labor force is define as the sum of employed and unemployed in an economy.
Labor force = Employed+ Unemployed
Labor force = 95 million + 7 million
Labor force = 102 million
According to ______, market participants immediately change their actions in response to anticipated price-level changes, such that no changes in real output occur.
Answer:
rational expectations theory
Explanation:
Rational expectations theory is the tendency of people to behave in a rational manner when presented with economic decisions. It is a widely used theory in economics.
It's states that decisions are made primarily on the basis of information available to them, human rationality and past experience.
So when market participants immediately change their actions in response to anticipated price-level changes such that no changes in real output occur, they are acting according to the rational expectations theory
A and B formed a partnership by transferring the following assets to the partnership: A transferred $20,000 in cash, and equipment which cost $27,000, had an adjusted basis of $19,800, and had a fair market value of $30,000; B transferred cash of $50,000. The partnership's basis in equipment transferred to the partnership by A is
Answer:
$19,800
Explanation:
Based on the information given we were told that they transferred an assets to the partnership of an ADJUSTED BASIS of the amount of $19,800 which therefore means that The PARTNERSHIP'S BASIS IN EQUIPMENT TRANSFERRED to the partnership by A will be $19,800 based on the fact that the basis for the property contributed will be the ADJUSTED BASIS of the property to the partner that contributed during the time of the contribution.
Therefore The PARTNERSHIP'S BASIS in equipment transferred to the partnership by A is $19,800
According to equity theory, in order to restore equity or fairness of a work situation a worker may ______. (select all that apply)
Group of answer choices.
A. try to have the inputs of coworkers increased
B. try to increase the outputs of coworkers
C. try to increase his or her own outputs
D. try to increase his or her own inputs
Answer:
A. try to have the inputs of coworkers increased.
C. try to increase his or her own outputs.
Explanation:
Adam Smith was a Scottish political economist, social and moral philosopher, author and he is famously considered to be the father of modern economics. Smith was born on the 5th of June, 1723 in Kirkcaldy, United Kingdom and he died on the 17th of July, 1790 in Panmure House, Edinburgh, United Kingdom.
The equity theory by Adam Smith helps to measure and strike a balance between the work input and output of a worker.
An equality norm can be defined as a reward system in which the employer or human resource manager decide to compensate or pay the entire workforce the same amount of money without discrimination or favoritism.
Basically, it's paid regardless of individual productivity levels, in order to promote the ability to work effectively in groups.
According to equity theory, in order to restore equity or fairness of a work situation a worker may;
I. Try to have the inputs of coworkers increased.
II. Try to increase his or her own outputs.
Some sellers put specific limitations in the warranty to limit the effectiveness of a warranty. Such a denial or repudiation in an express warranty is known as:
Answer:
Disclaimer
Explanation:
Express warranties could be simply be described as the agreement which binds a seller and buyer during the purchase of a certain product. Express warranties usually gives buyers the opportunity to return the product to the seller if damaged within a specified period of tine. Express warranty usually has no borders. Tbe use of disclaimer is used by sellers in other to introduce clauses into an express warranty whereby certain terms and conditions are given before the warranty can be deemed as valid. These limitations inteoduced and are capable of voiding the express warranty is called a disclaimer.
Because of vast differences between different regions, multinational corporations often use ______ departmentalization.
Answer:
geographic departmentalization.
Explanation:
It is correct to say that multinational corporations tend to use geographic departmentalization due to the large differences between different regions.
The geographic departmentalization corresponds to a strategy where a company uses a form of structure oriented to a region, that is, it allows the operationalization to be more effective in a region that has greater demand or needs a physical office to better and faster service its customers.
Which of the following describes the proper treatment of discontinued operations on the income statement.
A. Discontinued operations are included as part of income from continuing operations.
B. Discontinued operations are a separate line item, but tax is applied to total net income.
C. Discontinued operations are a separate line item reported net of tax.
Answer:
C. Discontinued operations are a separate line item reported net of tax.
Explanation:
In the United States of America, the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) usually considers or acknowledges material losses that are unusual in character incurred by businesses. It is necessary to report items that are unusual in character because it gives auditors or financial experts clarity on which profits or losses are not related to the operation of the business.
Discontinued operations can be defined as the income statement category that is used for reporting a disposal of a component of a business.
According to the GAAP, the proper treatment of discontinued operations on the income statement is that discontinued operations are a separate line item reported as a net of tax.
On the other hand, the income from continuing operations is a net income from an organization's continuous operation.
Define what liquidity means by completing the following sentence. Liquidity refers to an asset which can be readily used to pay for current
Answer:
Liabilities
Explanation:
'Liquidity' is described as the 'asset's property of being able to be sold without affecting its value or the degree to which it can be easily converted into cash.' If the liquidity ratio of a company is high, then its ability to pay off its current liabilities is high as well. Therefore, the company can pay off the debtors with immediate effect and thus, it would be able to meet its short-term financial commitments. This is the key reason for people's high investments in the companies having a higher liquidity ratio as they analyze the debt paying capability of the company first.
Gillette spent $300 million in advertising to introduce the MACH3 razor to consumers. Such expenditures are often made to stimulate __________ or desire for the product class, rather than for a specific brand, when there are no competitors with the same product.
Answer:
Primary demand
Explanation:
Demand for a product may be influenced by the company's brand name or based on the demand influenced by the product category. When demand is based on a particular product category rather than for a particular brand type, then we refer to this as primary demand. In the scenario above, the Gillette MACH3 is a particular product produced by Gillette, and the $300 million spent on its advert is for the product rather than to promote the Gillette brand. Hence, this advert spending on the MACH3 which is a particular category of gillete's product is spent to stimulate primary demand of product.
Priceline and Expedia are two online travel companies. Both are known to utilize ___________ of services such as airline flights and hotel stays to entice customers to purchase both at the same time, for a more reasonable price than what they would pay separately for each of these services. Multiple Choice last-minute fanning trade marking bundling branding
Answer:
Bundling
Explanation:
Bundling
This is simply regarded as a form pricing strategy. It is used by managers to give or offer several products or services as one package (termed a "bundle"). This is very important as it is useful if your customers' demand is very heterogeneous. Know that price discrimination is infeasible here.
Types of bundling
1. Simply bundling
2. Mixed bundling.
Managers of organizations, businesses or firms do use ths bundling method as it can;
1. It can increase the sellers profit if customers have varied tastes.
2. It is a said to find means to emulate perfect price discrimination when perfect price discrimination is not possible or it is not legal to charge multiple prices for the same product
bundling work best ehen there is big variance in consumers' price sensitivity of demand and when market conditions make it hard to price discriminate.
what are the main functions of HR department
Answer:
Personnel administration.
Personnel recruitment and selection.
Compensation and incentive management.
Development of a positive work climate.
Employee performance evaluation.
Staff training and development.
Labour relations.
Occupational health and safety.
Explanation:
The functions of a human resources Department are numerous and diverse, as this team is responsible for managing a company's human capital to meet the established business objectives. The personnel department is key in any company, from attracting and retaining talent to guaranteeing the interests and well-being of employees.
A motorist from State A struck and injured a pedestrian in State B. The pedestrian, a State B resident, brought an action in a State B federal court against the State A motorist, seeking $100,000 in damages. The summons and complaint were served on a receptionist at the motorist's place of business in State A. State A's rules permit service of process in this manner, while State B's rules do not. If the motorist moves to dismiss the complaint on the basis of improper service of process, is the court likely to dismiss the action
Answer: C. No, because the federal rules permit service under the rules of the state in which service will be effected.
Explanation:
The case was filed in federal court so the rules regarding the service of the summons will be according to the rules of federal courts.
Rule 4 of the Federal Rules of Civil Procedure allows for the service of a summons to be based on the service rules of the state where the service is to be made. As the service was done in State A and State A allows service to be at defendant's place of business, proper procedure was followed and so the court will not dismiss the action.
_____ is used to develop tactical plans by integrating customer-focused marketing plans for new and existing products with the operational management of the supply chain.
Answer:
Sales and operations planning (S&OP).
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
Generally, the four (4) stages of a supply chain include the following;
I. Supply management.
II. Supply chain management.
III. Supply chain integration.
IV. Demand-supply collaboration.
Sales and operations planning (S&OP) is an aspect of business management and supply chain planning that is typically used for the development of tactical plans by integrating customer-focused or customer-oriented marketing plans with respect to new and existing products into the operational management of the supply chain.
In conclusion, sales and operations planning (S&OP) helps manufacturers to better match supply with consumer demands by means of collaboration between the sales department and the operations department to create a single production plan.
How are maquiladoras similar to sweatshops? I. Workers are paid very low wages in both systems. II. Both are prevalent in underdeveloped nations. III. Both are outlawed internationally. A. I. only B. II. only C. I. and III. D. I. and II. Please select the best answer from the choices provided. A B C D
Answer:
D.) I. and II
I. Workers are paid very low wages in both systems.
II. Both are prevalent in underdeveloped nations.
Explanation:
maquiladora can be regarded as mode of manufacturing that is associated to countries such as Mexico, which is been at up by a foreign company, and it involves export of the manufactured goods out of that country to the origin country of the company. There are some benefits for the factory such as
duty-free as well as tariff-free imports of raw materials. sweatshop can be regarded as sweat factory, it is a crowded workplace that has socially unacceptable as well as
very poor and illegal working conditions. Employees in sweatshops usually have work long hours and petty pay.
It should be noted that maquiladoras similar to sweatshops in ways such was ;
✓Workers are paid very low wages in both systems.
✓Both are prevalent in underdeveloped nations.
Answer:
d
Explanation: