This is an example of a comparative advertising attack.
Comparative advertising is a marketing technique where a company compares its products or services with those of a competitor, highlighting the similarities and differences, in order to demonstrate the superiority of its offerings. It is a type of advertising that can be seen as an attack on a competitor, as it often points out shortcomings in their products or services. However, comparative advertising is also seen as a way for consumers to make informed purchasing decisions, as it provides them with relevant information about the features and benefits of different products.
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in 2022, which of the following types of income is excluded from gross income? a) unemployment compensation b) income earned illegally c) dividends from foreign corporations d) corporate bond e) interest income f) scholarship used for tuition
In 2022, the following types of income are excluded from gross income:a) Unemployment compensation, b) Income earned illegally, d) Corporate bond,f) Scholarship used for tuition
What is gross income ?Your gross income is the total amount of money you make before deducting taxes and other expenses. You can receive your earned income in a variety of ways, including salary, bonuses, tips, hourly pay, rental income, dividends from stocks and bonds, and interest on savings accounts.
It's important to note that while the above types of income may be excluded from gross income, they may still be subject to taxation in certain circumstances. Additionally, it's important to report all sources of income, even if they are excluded from gross income, as failure to do so can result in penalties and fines.
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Consider the decision to read your economics textbook. Which of the four core principles of economics applies to the notion that reading this textbook will help you to establish a solid foundation of understanding economics, which will be beneficial for future courses?A. Interdependence principleB. Marginal principleC. Cost-benefit principleD. Opportunity cost principle
The principle that applies to the decision to read your economics textbook is the Opportunity Cost principle. Here option D is the correct answer.
Opportunity cost is defined as the cost of an action in terms of the best alternative that must be given up. In this case, the opportunity cost of reading the economics textbook is the time and effort you could have spent on other activities, such as leisure or other studies.
By choosing to read the economics textbook, you are making a tradeoff between the benefit of gaining a solid foundation of understanding economics and the cost of giving up the opportunity to do something else.
The Opportunity Cost principle helps individuals and organizations make informed decisions by taking into account the tradeoffs between different options.
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Ray Albertson is 72 years old and lives by himself in an apartment in Salt Lake City. Ray’s gross income for the year is $3,000. Ray’s support is provided as follows: Himself (9 percent), his daughters Diane (20 percent) and Karen (15 percent), his sons Mike (20 percent) and Kenneth (10 percent), his friend Milt (14 percent), and his cousin Henry (12 percent).a. Absent a multiple support agreement, of the parties mentioned in the problem, who may claim Ray as a dependent as a qualifying relative?b. Under a multiple support agreement, who is eligible to claim Ray as a dependent?c. Assume that under a multiple support agreement, Diane claims Ray as a dependent. Diane is single with no other dependents. What is her filing status?
Under the Internal Revenue Service (IRS) rules, a person can only be claimed as a dependent if they are a qualifying relative.
To be a qualifying relative, the person must meet certain tests, including the gross income test, the support test, and the relationship test. In this case, Ray's gross income of $3,000 is below the threshold for the gross income test, so that test is met.
The support test requires that the person being claimed as a dependent must receive more than half of their support from the person claiming the dependency exemption.
Based on the information given, Ray's daughters Diane and Karen, his sons Mike and Kenneth, his friend Milt, and his cousin Henry all provide more than 10 percent of his support, meaning that any of these parties could claim Ray as a dependent as a qualifying relative.
b. A multiple support agreement is a written agreement between two or more individuals who contribute more than 10 percent of a person's support, allowing one person to claim the dependency exemption. In this case, under a multiple support agreement, only one person can claim Ray as a dependent.
c. If Diane claims Ray as a dependent under a multiple support agreement, her filing status would be single. A person's filing status is determined by their marital status as of December 31 of the tax year. Since Diane is single, her filing status would be single, regardless of whether she claims Ray as a dependent.
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A pool costs $25,000 to install on a property, but only adds $15,000 to the appraised value of tho property. This is an example of which appraisal principle? (a) Principle of progression (b) Principle of construction (c) Principle of competition (d) Principle of conitibution
The given example "A pool costs $25,000 to install in a property but only adds $15,000 to the appraised value of the property" is an example of principle of contribution.
Hence, the correct option is (d)
Principle of Contribution states that the value of an improvement or feature is determined by the extent to which it contributes to the overall value of the property.
In this case, the pool adds $15,000 to the appraised value of the property, which is less than the cost of installation ($25,000), therefore the pool only contributes $15,000 to the overall value of the property.
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is it TRue or False : To start work every day, David sits down and sets his goals for the day and then he decides how to achieve them, formulating future courses of action to achieve the specified results. This is the definition of planning.
To start work every day, David sits down and sets his goals for the day and then he decides how to achieve them, formulating future courses of action to achieve the specified results. This is the definition of planning. (TRUE)
What is planningPlanning is a process that begins with setting organizational goals. After that, determine the strategy for achieving the overall goals of the organization, then finally formulate an overall planning system to integrate and coordinate all the work of the organization to achieve the target.
planning is the process of selecting and setting goals, strategies, methods, budgets, and standards (benchmarks) for the success of an activity.
Simply put, planning is determining in advance what will be done. So before carrying out a job, it is better to make a plan in advance so that it is neatly arranged and the work is done more quickly.
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Project managers employ lots of useful tools, many supported by software. WBS, schedules, and budgets are tools taken from the _________ dimension of the project management process
Planning
Technical
Soft skills
Sociocultural
Tools
Project managers employ lots of use-ful tools, many support-ed by software. WBS, schedules, and bud-gets are tools taken from the technical dimension of the project manage-ment process.
What Is a Project Manager?A project manager is a professional who organ-ises, plans, and executes projects while work-ing within restraints like bud-gets and schedules. Project man-agers are in charge of leading teams, defining goals, communi-cating with stake-holders, and seeing a project thro-ugh to its closure. Whether run-ning a marketing campaign, constructing a build-ing, developing a computer sys-tem, or launch-ing a new product, the project man-ager helps drive the success of the pro-ject.
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Which of the following are among the most-imported goods in the United States? (Choose every correct answer.)
TVs
Cell phones
Auto parts
Pharmaceuticals
TVs, cell phones, and Pharmaceuticals are the most common imports into the US. As a result, choices a, b, and d are correct. They export food products and import physical goods.
The United States imports and exports a large number of vehicles, capital goods, and industrial inputs. This is an example of intra-industry trade. Among the types of trade that fall under this category are those involving computers, minerals, TVs, pharmaceuticals, and autos.
Typically, nations import goods or services because their own industries are unable to do so effectively or affordably. Nations may also import goods or raw materials if they cannot be produced inside their own boundaries.
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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $217,000. The following additional information is also available:
• Plunkett sold and shipped goods costing $38,400 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $217,000.
• Plunkett purchased goods costing $44,400 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $217,000.
• Plunkett's ending inventory balance of $217,000 included $15,400 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)
• Plunkett's ending inventory balance of $217,000 did not include goods costing $95,400 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end. Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:
The amount that Plunkett should report in ending inventory on December 31 is $157,200
Inventory is a type of asset, and a company's balance sheet will show its ending amount under current assets. Inventory is not a line item on the income statement. The Cost of Goods Sold, which is frequently shown on a company's income statement, is calculated using the change in inventory as one of its constituents.
Following is a calculation of the ending inventory:
= Final inventory balance - FOB purchased goods - items held on consignment
= $217,000 - $44,400 - $15,400
= $157,200
The other goods wouldn't be changed because they aren't part of the ending inventory and aren't taken into account in the calculating part.
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During the process of monitoring progress, which question below could be answered by the project schedule?a. Do the deliverables meet the established quality and performance expectations?b. Are we on target to meet the project deadline?c. Are the project requirements being followed?d. Has the project encountered any
During the process of monitoring progress, the project schedule can answer the question,b) "Are we on target to meet the project deadline?"
This is because the project schedule serves as a timeline for the project, outlining all of the activities, tasks, and milestones that need to be completed in order to meet the project deadline.
The project schedule can provide an overview of the timeline for the project, showing the start and finish dates for each task, as well as any intermediate milestones that need to be achieved in order to complete the project on time.
By comparing the expected timeline against the actual progress of the project, it can be determined if the project is on track to meet its deadline.
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Oftentimes consumer research respondents may be unaware of their motives or are unwilling to reveal them when asked directly. In such situations, researchers usse____to delve into the consumers unconscious or hidden motivations
Oftentimes consumer research respondents may be unaware of their motives or are unwilling to reveal them when asked directly. In such situations, researchers use Projective techniques to delve into the consumers unconscious or hidden motivations.
Qualitative market research is frequently pointed toward expanding comprehension of customers' viewpoints and inclinations toward brands, products, ideas, promoting, social issues and other significant themes. Projective techniques are backhanded strategies utilized in qualitative research. These techniques permit researchers to take advantage of buyers' profound inspirations, convictions, attitudes and values.
This is significant in light of the fact that brain research has told us for quite a while that a lot of what drives conduct can be close to home and unreasonable in nature. Somewhat, these profound drivers of conduct lie beneath cognizant mindfulness.
Customers will generally know about their cognizant inspirations and dynamic cycles. Hence, when a researcher straightforwardly asks a shopper for what reason they like a product, favor a brand, or incline toward a contender, reactions would in general be normal and deliberate.
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manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale, is definition of?
This is the definition of organizational buyer. Individuals who represent a business are known as organisational buyers. These buyers typically take into account both their own preferences as well as the likely preferences of the customers to whom the organisational buyer's business will sell when making purchases.
There are various types of organisational buyers. Resellers are either wholesalers or retailers who purchase goods from one company and resell them to another. For instance, major grocery chains occasionally purchase goods directly from producers and buyers them to final customers. They are the ones with the official power to choose the supplier and determine the terms of the purchase.
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Who was the record executive that separated Southern black and white artists into genres of race records and hillbilly records?
Almost all of these businesses used the categories "race records" and "hillbilly" or "old time" music to describe music from rural white people and music from African Americans, respectively, in their catalogues and marketing.
Early recording companies categorised their forays into the folk music tradition of America as either "Race" albums, which were those made by black artists, or "Hillbilly" records, which were made by rural white performers. In Harlem, New York, Black Swan Records was established as a jazz and blues record company in 1921. The first widely used label owned, run, and targeted towards African Americans was this one.
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Which of the following is used to drive a brand's paid and owned media, extend a brand's story, and foster social experiences?
a. Activation tools.
b. Stunts.
c. Creative assets.
d. Social personas.
e. Hashtags.
C. Creative assets. is used to drive a brand's paid and owned media, extend a brand's story, and foster social experiences.
What is brand ?A brand is a concept used in business and marketing to help consumers recognise a specific organisation, item, or person. Because brands are immaterial, you cannot physically touch or see them.
A brand is a good, service, or idea that is publicly set apart from similar ones. This makes it simple to communicate and generally market. The process of developing and promoting a brand's name, attributes, and personality is known as branding.
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Because Sales Returns and Allowances is a contra account it will ____ on the income statement
A. increase account receivable
B. increase cash flow
C. increase total sales
D. decrease total sales
Because Sales Returns and Allowances is a contra account it will decrease total sales on the income statement.
What is a contra account?
In a general ledger, a contra account is used to lower the value of a linked account when the two are netted together. The natural balance of a contra account is the inverse of the related account. The contra account records a credit if the connected account's natural balance is a debit. As an illustration, accumulated depreciation serves as the contra account for a fixed asset. On the same financial statement as the associated account, contra accounts are reported. A contra asset account, often known as an allowance for dubious accounts, is a counter account to accounts receivable.
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Which of the following expresses one of the reasons why managing an international business is different from managing a purely domestic business?
-The range of problems confronted by a manager in a domestic business is wider and the problems more complex that those confronted by a manager in an international business.
-International business transactions use the Euro instead of the U.S. dollar.
-An international business does not need to contend with government intervention whereas a domestic business must work within the confines of their local government.
-An international business must find ways to work within the limits imposed by government intervention in the international trade and investment system.
The correct answer is: International companies must find ways to operate within the limits imposed by government interventions in the international trade and investment system.
Running an international company is different than running a domestic company. The investor is doing business in a foreign country that is subject to different laws than the home country. Therefore, investors should familiarize themselves with these guidelines to avoid legal issues. Domestic marketing refers to the conduct of marketing activities within national borders. Marketing to the local market and its reach is limited. Less investment compared to international marketing. We have one country, one language, one culture. Only one currency is used for domestic marketing. International marketing also refers to conducting marketing activities across national borders, and refers to conducting marketing activities in the global market, and its scope is wide. It requires more investment compared to domestic marketing. There are many countries, many languages and cultures. Various currencies are used in international marketing. In international marketing, companies need different types of policies to promote their products.
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Q5: Which of the following is NOT among the specific supply shifters that Professor Tabarrok mentions in the video?
- Taxes and subsidies
- Income
- Technological innovation
- Input prices
The following option that is not among the specific supply shifters that Professor Tabarrok is B. income.
In the term of financial economic and business, A shift in supply generally can be defined as a change in the quantity supplied at every price. There are several aspects that impact to the shift supply, such as The cost of production, The cost of resources, The number of producers, Expectations, The demand for related goods, and also taxes, and more. The demand shifters are likely to include some aspects above, whether the different goods and services will have different demand shifters.
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Which of the following statements is correct for both an audit of an entity's financial statements and an integrated audit of a nonissuer?
A.
The auditor must test the design and operating effectiveness of key controls.
B.
The auditor must issue an opinion on the entity's internal controls over financial reporting.
C.
The auditor must obtain an understanding of the design of an entity's control structure.
D.
The auditor will issue an adverse opinion when a material weakness is discovered.
The correct answer is B. Auditors are required to express an opinion on the company's internal controls over financial reporting. The audit of the internal control system for financial reporting should be integrated with the audit of the annual accounts.
However, the audit objectives are not the same and the auditor must plan and perform work to achieve both audit objectives. An integrated audit of internal controls over financial reporting and financial statements requires the auditor to design a study of controls to simultaneously achieve the objectives of both audits at the end of the year. Audit of financial statements and internal controls within the company.
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Using Effective Practices and Technologies in Virtual Meetings lobal expansion has led to the rise of virtual meetings instead of face-to-face meetings. Virtual meetings are real-time gatherings of dispersed barticipants who connect with communication technology such as telephones and Internet videoconferences. Consider the following scenario, and identify what managers should or should not do to make the meeting more successful. Nate, Shelby, and Tomas are in a conference room gathered around a speakerphone. Tomas dials a number and is connected to a conference bridge, where he enters a passcode. Katrina dials in from her home office using her smartphone. All four join the company's monthly virtual sales meeting with their coworkers from around the country. To make the meeting more successful, Nate, Shelby, and Tomas should do all of the following EXCEPT: Check all that apply. Log into the meeting 15 minutes early to avoid problems. Have the monthly sales meeting at the same time every month. Allow one person to make most of the comments during the meeting. Summarize the discussion to be sure that virtual technology limitations are overcome. Virtual meetings are most successful when premeeting issues are addressed, ground rules are followed, participants collaborate effectively, and the meeting is ended properly. Which of the following are important to address before the virtual meeting begins? Check all that apply. Remind people of action items. Distribute an agenda. Train people on the meeting technology. Encourage participation. Learning to manage virtual meetings will be as important to your career as learning to manage face-to-face meetings. Consider the following scenario, and determine what advice you would give to Darian.
Darian is having trouble managing virtual meetings effectively and making them productive. To help Darian, I would advise the following: Log in to the meeting early: Logging in early will allow Darian to make sure that the technology is working properly and that there are no technical issues.
Other advise I would give Darian are :Distribute an Agenda: Having a clear agenda will help participants know what to expect during the meeting and help keep the discussion on track.
Train Participants on the Technology: It's important to ensure that all participants are familiar with the virtual meeting technology and know how to use it effectively.
Encourage Participation: Encouraging participation from all participants will help to make the meeting more engaging and increase the chances of reaching a successful outcome.
Remind People of Action Items: After the meeting, it's important to remind participants of any action items and follow up on their progress to keep the team on track.
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Which of the following is/are part of the activities and responsibilities of product and servicedesign?a.Translate product/service specifications into process specifications. Develop newproducts/services. Construct and test prototypes. Formulate cost targets.b.Formulate quality goals, translate customer wants and needs into requirements,document specifications, refine existing products and services
The activities that part of the product or service design are: translate customer wants and needs into requirements, document specifications, construct and test prototypes, formulate cost targets.
Although the product development process varies by industry, it may be divided into seven stages: idea, research, planning, prototype, testing, costing, and commercialization.
Customer requirements are the specifications or attributes of a product or service that customers perceive required. These specifications encourage customers to purchase a product or service. Companies might research their target market to understand their goals and needs in order to develop client requirements.
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Which of the following is correct?
a. Measurement of net income involves estimations
b. Net income equals the amount of cash generated by the business during the reporting period
c. Net income represents the change in the market value of the company's stock during the period
the freedom of people to decide where they want to work and live, and what they want to buy or sell, are basic capitalist rights under? A.freedom of competition B.freedom of expression C.freedom of choice D.eminent domain
The (C) freedom of choice accords individuals certain essential capitalist rights, such as the right to decide where they want to live and work as well as what they want to buy and sell.
What is freedom of choice?
The ability and autonomy of a person to choose an activity among at least two viable possibilities without external restrictions are referred to as freedom of choice.
People have fundamental capitalist rights under freedom of choice, including the ability to choose where they want to work and live as well as what they want to buy and sell.
The flexibility of economic agents to distribute their resources among the options (such as commodities, services, or assets) that are accessible to them is known as freedom of choice in microeconomics.
It entails the ability to pursue any employment that is open to them.
Therefore, the (C) freedom of choice accords individuals certain essential capitalist rights, such as the right to decide where they want to live and work as well as what they want to buy and sell.
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An important term in any discussion regarding the impact of the SEC on accounting practice is _____ statement
An important term in any discussion regarding the impact of the SEC on accounting practice is registration statement
A registration statement is a document that issuers must file with the Securities and Exchange Commission or SEC in order to publicly offer securities. It contains qualitative and quantitative information for investors.
When a company intends to sell equity shares to the public, it must file a registration statement with the SEC.
This comprehensive document covers the company's financial status, business model, how the profits from the sale will be used, related party activities, and other areas of importance to investors. Before securities can be sold, the SEC must approve a registration statement that has been filed. Registration statements are time-consuming and costly to create.
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which of the following is among the 13 competitive factors that affect each company's branded footwear sales volumes and market shares in each of the four geographic market regions?
Option which says that the number of retailers stocking each company's footwear brand and the number of weeks each company takes to deliver orders to retailers affects the sale, volume and market shares in a market region.
A sale is a big trade a group of individuals wherein either tangible or intangible products, commodities, or assets are given for cash. A reseller may provided to avoid assets in in addition to cash. In the financial markets, a sale can also be defined as an agreement between a buyer and a seller on the purchase price & delivery details of a financial security. A sale is essentially a deal between a seller of a specified good or service and a buyer who is willing to pay for just that good or service, regardless of the setting.
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If a lender requests an estimate of value on REO, What is that called?
BPOVOWCMABBA
If a lender requests an estimate of value on REO, it is known as Broker Price Opinion (BPO). The estimated value of a property as determined by a real estate broker or other qualified individual or firm is known as a broker price opinion (BPO).
A broker's estimation of the selling price of a property without the aid of a computerized valuation model is known as a broker price opinion (BPO).
To avoid delays brought on by appraisals, lenders or mortgage companies may ask brokers for a BPO, though the level of information provided may vary from BPO to BPO.
It is provided by a real estate broker without crunching the numbers using an automated valuation model. It is a tool that lenders and mortgage companies use to value properties in situations where they believe the expense and delay of an appraisal are not necessary.
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Noodlecake pays $300 cash to create the company's logo. The journal entry to record this transaction would include a ___ for $300.
debit to Logo/Trademarks, credit to Cash
The journal entry to record this transaction would include a Debit Logo and Credit cash/bank
What is a journal entry?A journal entry is a record of a business transaction in your business books. In double-entry bookkeeping, you make at least two journal entries for every transaction. Because a transaction can create a lot of changes in a business, a bookkeeper tracks them all with journal entries.
To capture the accounting entries in the journal of Noodlecake ;
We debit Logo/Trademarks with $300 and Credit Bank/cash with $300 to complete the entries
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to record the purchase of raw materials, debit blank . multiple choice question. A. accounts payable and credit raw materials B. inventory raw materials C. inventory and credit work in process inventory work in process D. inventory and credit raw materials inventory E. raw materials inventory and credit accounts payable
To record the purchase of raw materials, you would debit Inventory (or Raw Materials Inventory) and credit Accounts Payable. This is option D: "Inventory and credit Raw Materials Inventory."
In accounting, double-entry bookkeeping is used to record financial transactions. This means that for every transaction, there must be at least two entries: one debit and one credit. The total of the debit entries must equal the total of the credit entries for a transaction to be considered balanced.
When a company purchases raw materials, it increases its raw materials inventory (an asset) and incurs a liability (accounts payable) to pay the supplier. By debiting Inventory and crediting Accounts Payable, the transaction reflects both the increase in assets (Inventory) and the increase in liabilities (Accounts Payable).
Debiting Inventory means increasing the Inventory account on the company's balance sheet, while crediting Accounts Payable means increasing the Accounts Payable account on the company's balance sheet. The Inventory account represents the company's raw materials on hand, while Accounts Payable represents the company's obligation to pay suppliers for goods or services received but not yet paid for.
In summary, to record the purchase of raw materials, you would debit Inventory (or Raw Materials Inventory) and credit Accounts Payable to accurately reflect the change in assets and liabilities for the company.
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your cellular phone contract is due for renewal and the company offers you a new free phone. since you want to use your new phone, you decide to recycle your old phone. your action
Your cellular phone contract is expected for restoration and the organization offers you another free telephone. since you need to utilize your new telephone, you choose to reuse your old telephone.
your action creates wealth by moving the phone from lower-value use to higher-value uses. option (A) is correct.
Abundance creation is boosted when a thing is of more prominent worth to the client. At the point when the old telephone is reused, it has a higher worth to the organization.
The organization will revamp the telephone and offer it to another client who will expand its utilization. So this activity makes abundance by dragging out the helpful existence of the old telephone.
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This question is not complete , Here I am attaching the complete question:
your cellular phone contract is due for renewal and the company offers you a new free phone. since you want to use your new phone, you decide to recycle your old phone. your action
a. Creates wealth by moving the phone from lower value use to higher value use
b. Destroys wealth since you lose your phone
c. Creates wealth by making you feel richer
d. All of the above
FILL IN THE BLANK. According to your text, a mistake that global firms make when they attempt to take their business global is to believe ___.
According to your text, a mistake that global firms make when they attempt to take their business global is to believe that foreign consumers want exactly the same products that are sold in domestic market. Global expansion is a strategy for growth that entails moving business operations.
Products, and services from one country to another. It is also known as "overseas expansion," "international expansion," and "foreign market." A global business is one that has facilities in multiple countries. This is not the same as an international strategy that sells products all over the world but only has facilities in its home country.
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what business-environment factors needs to be monitored and assessed in order to deal with corporate taxes?
The business-environment factors need to be monitored and assessed in order to deal with corporate taxes are
Quality of productCulture of the organizationFinancial policies.What is Business Environment?The business environment is refer to internal or external factors affecting the operations of the organization both in a positive and negative manner. These business environment factors play a crucial role in success in failure.
The societal, technological, ecological, socioeconomic, and political elements are the only ones that classify as these factors. Entrepreneurs are influenced to change their businesses by circumstances that come from outside the firm.
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A human service worker is asked to plan a recreational activity for elderly residents on the floor where she works. She is not sure what to arrange but finally decides to do program on supplemental Medicare insurance. She invites a friend who sells supplemental Medicare insurance. The friend gives a complete explanation, handing out brochures on her business and her business card and explaining the insurance products her company can offer individuals on Medicare.What is the issue here?
Medicaid provides health insurance to some people and families in all states, including kids, parents, expectant mothers, older people with certain incomes, and persons with disabilities.
What is health insurance?
A type of insurance known as health insurance or medical insurance covers all or a portion of the risk associated with a person needing medical care.
The risk is distributed among several people, just like with other kinds of insurance.
An insurer can create a regular financial structure, such as a monthly premium or payroll tax, to provide the funds to pay for the medical benefits provided in the insurance agreement by assessing the overall risk of health risk and health system expenses over the risk pool.
A central organization, such as a government agency, for-profit corporation, or private company, is in charge of administering the benefit.
The specifics of the plans, including as the deductible, coinsurance, and health savings accounts, may be customizable for both employers and employees.
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