Answer:
any asset used to make purchases.
Explanation:
Money is any asset used to make purchases. This ultimately implies that, in economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange.
Hence, money is a generally accepted medium of exchange around the world.
Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.
A. First-in, last-out
B. Specific identification
C. First-in, first-out
D. Last-in, first-out
E. Last-in, last-out
F. Weighted average
Answer:
Explanation:
Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .
In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.
The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method
Answer: weighted average, specific identification, first in first out, last in first out
Explanation:
Movie studios use tracking studies in which prospective moviegoers are asked questions about an upcoming film release to help them forecast sales. This is an example of
Answer:
This is an example of survey or marketing research.
Explanation:
For the movie studios to use tracking studies in which moviegoers are asked questions about their thoughts and opinion in a new movie, it is called survey. Part of the aim could be for criticism of their works, revenue forecast, impact of the movie on the society or their thought on the theme of the movie.
What is the present value of a growing perpetuity that makes a payment of $100 in the first year, which thereafter grows at 3% per year? Apply a discount rate of 7%
Answer:
the present value of a growing perpetuity is $2,060
Explanation:
If a cash flow is growing at a constant rate, then we call this a growing perpetuity.
Present Value = PMT ( 1 + g) ÷ (r - g)
where,
g = constant growth rate
= 0.03
r = discount rate
= 0.08
Then,
Present Value = $100 (1,03) ÷ (0.08 - 0.03)
= $2,060
Social entrepreneurship is attracting growing amounts of investment, talent, and attention from many sectors. By combining the _______, __________, and __________ of business, it offers an entrepreneurial approach to solving social problems at a time when governmental and philanthropic approaches have delivered less than expected.
Answer:
Determination; efficiency; innovation.
Explanation:
Social entrepreneurship is attracting growing amounts of investment, talent, and attention from many sectors. By combining the determination, efficiency, and innovation of business, it offers an entrepreneurial approach to solving social problems at a time when governmental and philanthropic approaches have delivered less than expected.
Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?
Answer:
Yes, there is no legal limit on the number of escrow accounts a broker can have.
Explanation:
A broker transaction facilitates sale between a buyer and a seller.
The broker states a price for the buyer that is an addition of the seller's price and his commission.
An escrow account is one that recieves the buyer's money and notifies seller to transfer goods to the buyer. Once reciept of the goods has been confirmed by the buyer, seller's money is released to him and broker commission paid to him.
There is no legal limit to the number of escrow accounts a broker can have. So Ron can open seperate escrow accounts for each transaction he is doing.
The basic considerations for setting prices on goods that are traded across borders does not include:
Answer:
The answer is below
Explanation:
Since there are no options available, here are the eight basic considerations for setting prices on goods that are traded across borders.
1. The pricing alternatives that are available if the firm's costs increase or decrease and are demand in the international market elastic or inelastic?
2. should vary with the market segment?
3. Is the price competitive in comparison with the local market conditions?
4. How about the foreign country's dumping laws, will it be problematic?
5. Does the price indicate the product's quality?
6. Analysis of the various forms of discounts such as trade, cash, quantity, and allowance like Advertising, and trade-off, the firm will offer its international customers should be considered.
7. The firm should also consider pursuing any of the marketing objectives such as market penetration, market skimming
8. Will there be special scrutiny as to the firm's prices by the host country government on whether the price is reasonable or exploitative?
Frank was so entertained by the Paris Symphony on his visit to France that he mailed them a donation of $100 to support their organization as soon as he returned home to Seattle. Frank may deduct the charitable contribution to the Paris Symphony on his US tax return.
A. True
B. False
Answer: False
Explanation:
A tax is simply a levy that is paid by an economic agent to the government of a particular country.
In this scenario, we are informed that Frank was so entertained by the Paris Symphony on his visit to France that he mailed them a donation of $100 to support their organization as soon as he returned home to Seattle.
In this situation Frank does not have to deduct the charitable contribution to the Paris Symphony on his US tax return.
Therefore, the answer is false.
Pressing Music, Inc., offers to buy from Digital Media Corporation (DMC) one million blank CDs of a certain quality. Without notifying Pressing, DMC timely ships CDs of a different quality. With respect to the offer and a possible contract, this shipment is
Complete Question:
Pressing Music, Inc., offers to buy from Digital Media Corporation (DMC) one million blank CDs of a certain quality. Without notifying Pressing, DMC timely ships CDs of a different quality. With respect to the offer and a possible contract, this shipment is?
Group of answer choices
a. an acceptance and a breach.
b. an acceptance and an accommodation.
c. an acceptance and complete performance.
d. a rejection and a counter offer.
Answer:
a. an acceptance and a breach.
Explanation:
Since Pressing Music, Inc., offered to buy from Digital Media Corporation (DMC) a million blank certificates of deposits (CDs) of a certain quality, this simply represents an agreement to a deal or contract.
Furthermore, without notifying Pressing, DMC timely ships CDs of a different quality, this in business law is considered to be a breach of an agreement.
An agreement can be defined as a mutual understanding between two or more parties in order to execute a business or contract.
On the other hand, a breach refers to the violation of a binding agreement or a contract which happens when a party fails to deliver in accordance with the terms or its promises.
Hence, with respect to the offer and a possible contract, this shipment is an acceptance and a breach.
In order to test a new customer loyalty program, a supermarket sends an email to its current customers in one of its regions of operation, inviting them to opt into the new program. After several months, management observes that participants in the new program are much more frequent shoppers than the average customer. Which of the following can management conclude from this experiment? Introducing the new loyalty program in all of its regions of operation will boost sales in the future.
Available Options Are:
A) Introducing the new loyalty program in all of its regions of operation will boost sales in the future.
B) The new loyalty program has boosted sales among its test participants.
C) Sales to customers that did not opt into the loyalty program have decreased.
D) None of the above
Answer:
Option A. Introducing the new loyalty program in all of its regions of operation will boost sales in the future.
Explanation:
Option A is correct because the purpose of introducing loyalty program was to increase its sales which loyalty program has significantly increased. Hence the conclusion from the experiment must be that the company must introduce customer loyalty programs in all of its branches to increase its sales significantly.
Option B is incorrect because it was the result of loyalty program not what we must conclude from the result.
Option C is also incorrect because the purpose of loyalty program was that the company was willing to increase sales by only attracting potential customers who are frequent shoppers and now due to loyalty program, they will buy more from our shops. Hence it will not impact the other customers.
f a country exports more than it imports, then one can infer that its currency would be likely to depreciate against other currencies. one can infer that its currency would be likely to appreciate against other currencies. none of the options
Answer:
One can infer that its currency would be likely to appreciate against other currencies
Explanation:
The export rate of a country determines the strength of her currency, especially goods that has a high demand globally. When a country exports more than she imports, her currency gains strength against other currencies.
High exportation ensures a stable economic growth of a country, with an increase in the number of manufacturing industries and more job opportunities for her people. While more importation than exportation affects the strength of currency negatively and kills the local industries of a country.
Following transactions of Ramesh for April,2018 are given below. Journalize them, prepare ledger and trial balance.
Answer:
apr 28
Explanation:
When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer, they were exhibiting a(n) _______ approach to social responsibility. accommodative proactive defensive obstructionist offensive
Answer:
obstructionist.
Explanation:
When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer, they were exhibiting an obstructionist approach to social responsibility.
An obstructionist approach can be defined as an act of blocking important and essential informations from reaching or getting across to the general public and an interference with social responsibility.
Hence, the tobacco companies were largely or more concerned with making profits rather than enhancing social responsibility among the consumers of their products, thereby refusing to inform them that cigarettes smoking causes lung cancer.
After landing an interview with your dream company, you learn that the interview will consist of questions asking you to demonstrate how you would go about organizing your employees, setting goals and achieving those goals. The company is asking you these questions in an effort to determine the extent to which you possess
Answer: task leadership
Explanation: The activities of organizing employees, of setting goals and achieving those goals set are all task leadership activities and therefore, questions put forward during an interview by a company are meant to determine if the candidate possesses task leadership. Task leadership focuses on achieving set goals and is used to develop a structured workplace with clearly defined schedules and priorities. As such, it delegates assignments, set clear processes and issue deadlines in order to ensure that members of a team would remain focused and deliver their part of the project in record time.
Janelle spends three hours each day working as an online customer service representative for an online retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Janelle participates in a popular work strategy known as ______________.
Answer:
Home-based work
Explanation:
Home-based work is when people perform their job at their house using the internet and phone instead of going to an office. According to this, the answer is that Janelle participates in a popular work strategy known as home-based work because Jannelle works as an online customer service representative from home.
2. Most union electricians launch their careers by enrolling in a(n) _______ program, which combines on-the-job training with classes taught by experienced electricians.
Answer: apprenticeship
Explanation:
Apprenticeship program is a program whereby a worker will be trained so that he or she will become skilled in a certain trade.
Most union electricians launch their careers by enrolling in an apprentice program, which combines on-the-job training with classes taught by experienced electricians
After the Communist Party took control, Beijing was transformed into a producer city. Growth in what sector of the economy put Beijing in that category
Answer: manufacturing sector
Explanation:
After the Communist Party took control, Beijing was transformed into a producer city. The growth that occured in the manufacturing sector of the economy put Beijing in that category.
Due to the growth that occured in the manufacturing sector, several goods and services were produced in Beijing.
"A registered representative is approached by the president of an investment club to buy an IPO being offered by the representative's firm. Which statement is TRUE?"
Answer:
The investment club is not a restricted purchaser and may buy the IPO
Explanation:
In the financial market a restricted purchaser is someone that has has direct engagement in a business or who has affiliates that are directly engaged in the business that wants to sell securities.
In this scenario a restricted purchaser will be someone that has direct business engagement in the representative firm. Since this is not so the president of the investment firm is free to purchase the IPO.
An Initial Public Offering is when a companies decides to make its shares available to the public for the first time.
When a company attempts to determine what type of employees it needs to meet its objectives as well as the number of employees it will need, it is in the process of
Answer:
Human Resource Planning
Explanation:
Human Resource Planning in management can be explained as the process whereby human resources manager use to make all resources needed for an organization to succeed in their production of product/ services whether now or in the future, it can be in terms of having the best employee they needed, making the kind of skills needed to be available and otheres.
Therefore, according to the question, Whenever a company attempts to determine what type of employees it needs to meet its objectives as well as the number of employees it will need, it is in the process of Human Resource Planning.
The process of Human Resource Planning includes the various attempts to determine what type of employees are needed to meet objectives as well as the number of employees.
The function of the Human Resource Planning are performed by the firms' human resources manager.
The Human Resource Planning entails the firms' plan that identifies the current and future human resources which are in needs for an organization to achieve its goals.
In conclusion, the process of Human Resource Planning includes the various attempts to determine what type of employees are needed to meet objectives as well as the number of employees.
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Companies are turning to customer relationship management (CRM) to improve their customer focus. CRM uses information technology to create a cross-functional enterprise system that integrates and automates many of the customer-serving processes in which functional business areas?
Answer:
Marketing, sales and customer service
Explanation:
Customer relationship management (CRM) is a business strategy implemented across the entire company that is aimed at improving the company's income, profit, lower cost and increase customer loyalty based on the principle of putting the customer first in management decisions. CRM combines actions, methodologies, and technologies that establishments utilize for managing and analyzing customer correspondence and information within a customer's period of doing business with the establishment so as to improve customer retention, service, and relationship as well as to improve sales.
Trey has $5.00, he needs gas and he needs to eat lunch. He can only do one for $5.00 not both or part of both. Trey buys gas to go home. What is his opportunity cost? What is the alternative not chosen by trey?
Answer:
Tray's opportunity cost is not being able to purchase lunch, the alternative tray decided not to take would I assume to be just getting gas and to eat at his house.
The opportunity cost of buying gas is Trey would not be able to eat lunch. The alternative not chosen by Trey is eating lunch.
What is opportunity cost ?The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. More effective implies that you forfeit the chance to engage in a different activity if you choose one.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them.
When the value of the next best alternative is computed and the alternative chosen, the term "opportunity cost" is used to explain it best.
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Licensing as a market entry mode has several disadvantages and opportunity costs, which do not include:
Answer:
Adaptations by the licensee to fit local tastes.
Explanation:
It does not include that the “ adaptations by the licensee to fit local tastes” because the licensing is the process through which a person gets permission to work within the industry. Moreover, if a person gets the license to work in a certain market place then it does mean that it will be successful. To fit in the local taste requires other factors except the licensing.
Professor Green teaches environmental economics at the local university. Students learn that the professor has also written books about labor laws. It is most likely that the professor is:
Answer: c. a microeconomist.
Explanation;
Professor Green writing books about labor laws when taken in isolation is not enough proof that he is a microeconomist because even though labor markets and laws fall mostly under microeconomics, they should also be viewed from a macro level as well considering how unemployment affects the economy as a whole.
However, if Professor Green teaches environmental economics as they indeed do, Green is probably a micro-economist because Environmental economics traditionally falls under Microeconomics.
Consider the following production and cost data for two products, Q and P: Product Q Product P Contribution margin per unit $35 $40 Machine minutes needed per unit 7 minutes 5 minutes A total of 14,700 machine minutes are available each period, and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period
Answer:
Total contribution =$117,600
Explanation:
Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource .
The business outfit should rank its products using contribution per minute of constraint
This is done as follows:
Product Q P
Contribution margin 35 40
Machine hours /unit 7 5
Contribution /minutes 5 8
Ranking for production 2nd 1st
Note contribution per minute = contribution per unit/minutes required
Allocation of machine hours
All the 14,700 machine hours should be allocated to the production of product P. Doing so would produce a total maximum contribution equals to
Total contribution : machine hours × contribution per machine hr
Total contribution = 8× 14,700 = 117,600
Total contribution =$117,600
The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled by which of the following?
A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Avoiding
Answer:
B) Retaining
Explanation:
Retaining risk refers to the risk in which the company could able to take the decision with respect to the responsibility for some particular risk
Here in the given situation it represents that the risk is associated with one of the key members so this presents the responsibility that should be considered while retaining a risk
Hence, the correct option is B.
In a fractional reserve banking system: Group of answer choices banks create money by printing it. banks create money by making loans. the size of M1 can only be a fraction of checkable deposits. banks are required to hold 100% of deposits as reserves.
Answer:
the size of M1 can only be a fraction of checkable deposits.
Explanation:
fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.
M1 consists of coins, demand deposits and currency in circulation. Banks determine the money in circulation by giving out loans. so the size of M1 can only be a fraction of checkable deposits.
YUM!, one of the world's largest restaurant companies, has a variety of brands, including KFC, Pizza Hut, and Taco Bell. Each one operates independently and is responsible for its own performance. Each has a separate CEO responsible for managing its supply chain, marketing, and R&D). Knowing this, how does YUM organize its structure?
a. Decentralized with autonomous sub-unit
b. Strong centralization
c. Organizational controls d
. Matrix structure
Answer:
a. Decentralized with autonomous sub-unit.
Explanation:
YUM organizes its Decentralized structure with an autonomous subunit.
It is possible to affirm based on the information offered by the question, since a decentralized company is one whose decision-making process occurs in a more flexible way, that is, it is not taken only by a leader. This gives the advantage of better decision-making by employees who are experiencing the situation up close.
YUM has a variety of brands, each of which operates independently and is responsible for its own performance. Each has a separate CEO responsible for managing its supply chain, marketing and R&D, which confirms that each YUM brand operates autonomously and with its own decisions.
One weakness of the cost approach for appraising market value is that:________
a. builders may not pay market value for materials or labor.
b. market value is not always the same as what the property cost.
c. comparables used may not have similar quality of construction.
d. new properties have inestimable costs and rates of depreciation.
Answer: b. market value is not always the same as what the property cost.
Explanation: In the process of property valuation in real estate, potential users or buyers have to appraise a property before they make offers, this will enable them know the value and the reasonable price to offer. One of such method of appraisal is the cost approach which is based on the basis that, a property shouldnt be purchased by a buyer at a price beyond the cost of erecting an equivalent structure. Of the options listed above, using the notion of not paying beyond the cost of erecting a similar building could be considered a weakness in f the approach in situations whereby the market value of the property is not the same as the value of the property. The market value of a property could be influenced by different factors including seasonality, changes in geography or terrain and so many other factors which may influence the value of an asset which might not affect the real cost of the property. Hence, the discrepancy.
The managers at johnson & johnson who authorized the buyback of defective products might have endorsed milton friedman’s shareholder, or profit-maximizing, view.
Organizations must make money to stay in existence. Making money, then, should be the sole focus of an organization’s activities.
Organizations have one responsibility: to increase the wealth of their stockholders
The following information should be considered:
According to Friedman, each & every organization should contain the bottom line to generate more profit by earning more and more money due to this it can increase the wealth of those people who have invested in the organizationsSo, the main objective of the firms should be to direct their activities to generate more fundsLearn more: https://brainly.com/question/994316?referrer=searchResults
Which skills include an employee’s mannerisms, behavior, and attitude?
Answer:
The right approach is "Communication skills".
Explanation:
The opportunity to quickly and accurately forward information as well as knowledge to another. Business managers having strong verbal, non-verbal including written effective communication aim to enhance the exchange of knowledge within the same organization among individuals for some of its advantage.So that the above seems to be the appropriate answer.
Answer: communication skills
Explanation:
What did people learn to do with seeds?
Answer:
People learned to plant seeds to make crops to survive on.
Explanation: