Answer:
B. record journal entries
Explanation:
After identifying financial transactions, the next step in the accounting cycle would be to record journal entries.
Journal entries are the first step in the recording process and are used to record the financial transactions of a business in chronological order. They provide a detailed record of each transaction and include the accounts that are affected, the amounts that are debited and credited, and a brief description of the transaction.
Once the journal entries are recorded, they are then posted to the general ledger. The general ledger is a collection of all the accounts used by a business and is used to summarize the financial transactions of the business.
Your boss would like your help on a marketing research project he is conducting on the relationship between the price of soda and the quantity of soda supplied. He hands you the following document:Your task is to take this supply schedule and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda supplied increases. This confirms the law of supply. True / False?
The statement "In doing so, you determine that as the price of soda rises, the quantity of soda supplied increases." is true. It is because if the price are increase, it will impact to the decrease of supply.
In the term of financial economic and microeconomics, the law of demand generally can be defined as the fundamental principle which states that there is an inverse relationship between price and quantity demanded. There are several aspects that impact to the supply and demand law, such as Price of product, Tastes and preferences, Consumer's income, Availability of substitutes, Number of consumers in the market, Consumer's expectations, and also Elasticity vs. inelasticity.
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shannon determines that a customer account of $10,000 should be written off as uncollectible. the write off of the account will include
Correct answer is debit Allowance for Uncollectible Accounts.
The allowance for uncollectible debts is calculated by multiplying the receivable stability in the a range of getting old classes (see desk below) by a reserve rate. A higher reserve charge is utilized to older receivables due to the fact these receivables are less likely to be collected.
How do you alter allowance for uncollectible accounts?Allowance for Doubtful Debts Adjustment
When you receive cash you wrote off as uncollectable, you should reverse the write-off entry and file the payment. Reverse the write-off entry by using increasing the accounts receivable account with a debit and decreasing the allowances for dubious money owed account with a credit.
What is debit balance in allowance for uncollectible accounts?If the allowance for doubtful money owed has a debit balance, this capacity that the quantity of account write-offs is higher than the amount of provisioned terrible debt.
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https://brainly.com/question/26498002#SPJ4match the following overhead costs with their source documents. indirect materials
indirect materials factory utilities epreciation on factory equipment
time tickets
adjusting entries
vouchers authorizing payment
material requisition form
The following is a matching of the overhead costs with their source documents: Indirect materials: 4 - Material requisition form. A material requisition form is used to authorize the purchase of indirect materials, such as supplies, that are not directly incorporated into the final product.
B. Indirect labor: 1 - Time tickets. Time tickets are used to record the hours worked by indirect labor, such as maintenance personnel, supervisors, and office workers, who are not directly involved in the production process.
C. Factory utility: 3 - Vouchers authorizing payment. Vouchers authorizing payment are used to record the payment for factory utility expenses, such as electricity, gas, and water.
D. Depreciation on factory equipment: 2 - Adjusting entries. Adjusting entries are used to record the depreciation expense on factory equipment, such as machinery and vehicles, over their estimated useful life.
It's important to keep accurate records of overhead costs in order to properly allocate these expenses to the products manufactured in a factory. This information can be used to determine the cost of each product and to make informed business decisions.
Complete question:
Match the following overhead costs with their source documents.
A - indirect materials
B - indirect labor
C - factory utility
D - depreciation on factory equipment
1 - time tickets
2 - adjusting entries
3 - vouchers authorizing payment
4 - material requisition form
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At Rovers Gourmet Dog Bistro, servers ask each customer whether or not they have shopped at Rovers before. A manager talks to all customers, greets their dogs, thanks them them for shopping at Rovers and encourages them to return. In this case, the manager visit constitutes ________ for the guests, making them feel like the staff really care about the quality of their experience.
A) reinforcement
B) feedback
C) a cue
D) a motive
E) a response
In this case, the manager visit constitutes reinforcement for the guests, making them feel like the staff really care about the quality of their experience.
The idea of positive reinforcement is straightforward: On the off chance that you reward a behavior, it is bound to be rehashed. Furthermore, whether you're discussing potty preparation, canine preparation or learning a new position expertise; similar principles presented by Skinner in the mid twentieth century actually apply.
As per Skinner's operant learning theory (1938), by adding a compensating upgrade (e.g., an operant) after an ideal behavior, that behavior becomes supported and is in this manner bound to happen once more. There is something else to Skinner's theory (i.e., negative reinforcement, reaction types, timetables of reinforcement, and so forth), yet the essential idea of positive reinforcement
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Please evaluate a CEO’s job, and what makes a CEO’s job so complex? Use the challenges Tim Cook faces as Steve Jobs’ successor to provide examples that support your answer.
Answer: A CEO's job is so complex because of the many different aspects that they need to control and execute.
For example, the CEO is responsible for managing the business strategy, business strategy, finance, operations, and many other things of the organization. In addition to these aspects, Tim Cook had to follow in the footsteps of Steve Jobs, who was a renowned innovation leader.
Not only does Cook not seem like such a strong innovator, he's also struggled to keep up with the 's technological upgrades and market competition. Since taking on the role of CEO, he has had to choose where to focus his time and appears to have focused on company culture and leadership team transformation.
Explanation:
Karen’s washing machine broke, so she’s conducting a search on Goo-gle to find a new one. She sees a number of Goo-gle Search Ads for washing machines in the results. Which of the following make up some of the parameters that the Goo-gle Search Ads auction uses to determine what ads Karen sees? (Choose two.) Select All Correct Responses. a. Advertiser campaign count
b. Size of ad group
c. Campaign type
d. Ad relevance
d. Ad relevance
c. Campaign type
The Goo-gle Search Ads auction uses a number of parameters to determine what ads are shown to a particular user. The two parameters mentioned in the question are:
d. Ad relevance: This refers to how relevant the ad is to the user's search query. Goo-gle's algorithms analyze the search query, the ad copy, and the landing page to determine the relevance of the ad. Ads that are deemed more relevant are given a higher ranking in the auction, which increases the chances of them being shown to the user.
c. Campaign type: The type of campaign an advertiser is running can also impact the ads. For example, a Goo-gle Shopping campaign, which promotes a product listing, is treated differently from a standard search ad campaign. The type of campaign can affect the eligibility for certain ad placements, the ad format, among other things.
Both ad relevance and campaign type are used by the Goo-gle Search Ads to determine which ads are most likely to be relevant and useful to the user, and to rank them accordingly.
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FILL IN THE BLANK. _____ deals with reporting to outsiders. _____ accounting deals with the internal operations of the firm. Financial accounting;
Financial accounting puts a lot of emphasis on external reporting. The internal business processes of a corporation are the focus of managerial accounting.
What does external reporting emphasize exactly?A complete set of audited financial statements, which represent external reporting at its most formal level, includes an income statement, balance sheet, and statement of cash flows. The recipients may agree to the distribution of financial statements without an audit.
Is the focus of financial accounting on a corporation's internal or external financial statements?The main goal of financial accounting is to summarize and disclose a company's financial situation to those who have an interest in its performance, such as stockholders, creditors, governmental bodies, and suppliers.
What problems is managerial accounting used to solve?The focus of managerial accounting, which is sometimes known as cost accounting or management accounting, is on identifying, measuring, analyzing, and interpreting accounting data so that managers may use it to make informed operational decisions.
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It is important to consider the reputation of local schools in collecting information for a comparative market analysis because
A) sellers often have inaccurate ideas about local schools and need help learning the facts.
B) school quality is one of the market factors the seller and seller's agent will be required to disclose to a buyer.
C) school quality is just one of many bits of information buyers need to know about.
D) school quality is the top priority for some home buyers: good schools raise property values in the district.
It is important to consider the reputation of local schools for a comparative market analysis because D) school quality is the top priority for some home buyers: good schools raise property values in the district.
A comparative market analysis (CMA) determines the value of a home based on previously sold, comparable properties in the immediate region.
CMA reports are created by real estate agents and brokers to assist sellers in setting listing prices for their houses and to assist buyers in making competitive offers.
You may also conduct your own comparative market analysis by searching for comparable homes (known as "comps") on real estate listing websites. A comparative market analysis assists sellers in determining the optimal listing pricing for their properties.
The "best" price is one that is neither too low nor so high that the home will not sell. For purchasers, a CMA may confirm whether a home is in the right price range and assist in determining a competitive offer.
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once the research problem and objectives have been defined, should the researcher determine the proper information needed and present it to management. True or False
After defining the study topic and objectives, the researcher should determine the necessary information and offer it to management. This statement is true.
Once the research problem and objectives have been defined, the researcher should determine the proper information needed and present it to management.
This is an important step in the research process as it helps to ensure that the research is focused and well-directed. By identifying the specific information needed, the researcher can focus their efforts on collecting and analyzing data that is directly relevant to the research problem and objectives.
Presenting this information to management is also important as it helps to ensure that the research is aligned with the organization's goals and objectives. Management can provide feedback on the information needed and offer suggestions on how to improve the research design. This interaction can also help to ensure that the research results will be useful and relevant to the organization.
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If the nominal gross domestic product (GDP) of the nation of Hypothetica increased in 2007 relative to the previous year, it must be true that in Hypothetica in 2007?
If the nominal GDP of the nation of Hypothetical increased in 2007 relative to the previous year, it does not necessarily mean that the real GDP of Hypothetical also increased in 2007.
The nominal GDP is the value of all goods and services produced in a country in current dollars, taking into account the effects of inflation.
The real GDP, on the other hand, is the value of all goods and services produced in a country in constant dollars, which eliminates the effects of inflation. So, even if the nominal GDP increased, it is possible that the real GDP may have decreased if inflation was higher than the nominal GDP growth.
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scenario 35-2: the quantity theory of money suppose the money supply is equal to $10 billion and the velocity of money is 6. use scenario 35-2. refer to the information provided. if the aggregate price level is 4, then the nominal gdp is:
The nominal GDP is $15 billion .If the money supply is equal to $10 billion and the velocity of money is 6.
The Quantity Theory of Money states that the relationship between the capitalist force, haste of capitalist, nominal GDP, and real GDP can be expressed as:
M ×V = P × y
Given the values according to the scenario, we have:
M = $10 billion
V = 6
P = 4
So, the nominal GDP can be calculated as follows:
P ×Y = M × V
Y = (M × V) / P
Y = ($10 billion × 6) / 4
Y = $15 billion
The measures the total quantum of goods and services produced in a given frugality, will be $15 billion.
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when drawing a supply curve, we always place price on the .... axis and quantity on the .... axis. (enter one word in each blank.)
In a supply curve, quantity is always drawn on the horizontal axis and the price is always plotted on the vertical axis.
What is the supply curve?The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.
In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.
Price is always plotted on the vertical axis of a supply curve, and quantity is always plotted on the horizontal axis.
A complete supply curve may move to the right or left due to changes in manufacturing costs and related variables.
As a result, a bigger or lower amount is provided at a specific price.
Ceteris paribus: Supply curves connect prices and output under the supposition that nothing else changes.
Therefore, in a supply curve, quantity is always drawn on the horizontal axis and the price is always plotted on the vertical axis.
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In Java, if you want the compiler to interpret what you type as program instructions, you must __________________.
You want the compiler to interpreter based on the type as program instructions, you must write correct Java syntax use semicolon.
A Java interpretation is used to run the Java binary program that has been compiled. (Even though they all translate the same bytecode language, each type of machine needs a unique Java opcode translator. Java is both a compiled and an interpreted language since its source code is first converted into binary byte-code. This byte-code is executed by the Virtual Machine for Java (JVM), an often operating system interpreter.
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Cool Breeze Inc. manufactures ceiling fans in a small town. Which of these companies is a potential competitor to Cool Breeze?Multiple Choicea. a maker of floor-level and pocket-sized mechanical fansb. a technical school that trains its students to repair ceiling fansc. a manufacturer in the same town that pays its workers slightly more than Cool Breeze doesd. a distributor of ceiling fans to North America, Europe, and Asia
A maker of floor-level and pocket-sized mechanical fans will be the potential competitor to Cool Breeze. Option A.
A company that is not already operating in our cutthroat market environment but has a strong probability of doing so is considered a potential competitor. Above all, when we merely take into account competitors who are already present in the competitive environment, competition is highly strong for any organization.
However, since we do not know them and do not have much information about how they behave in the market, and sometimes businesses do not know how to deal with them, potential competitors are the most threatening.
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Match the following characteristics to the appropriate product type or capabilities modelProduct characteristics: unpredictable demand, many changes, high product variety, price markdowns, short lead-times, high profit marginSupply chain capabilities model characteristics, high cost, low utilization, minimum inventory, flexible suppliersSupply chain capabilities model characteristics, low cost, high utilization, deployed inventory, low-cost suppliers
Product characteristics: predictable demand, few changes, low product variety, price stability, long lead-times, low profit margin
- responsive model- innovative products- functional products- efficient model
Product characteristics: unpredictable demand, many changes, high product variety, price markdowns, short lead-times, high profit margin -> responsive model
Product characteristics: predictable demand, few changes, low product variety, price stability, long lead-times, low profit margin -> efficient model
Supply chain capabilities model characteristics, high cost, low utilization, minimum inventory, flexible suppliers -> innovative products
Supply chain capabilities model characteristics, low cost, high utilization, deployed inventory, low-cost suppliers -> functional products
The responsive model is designed for products with high levels of uncertainty and variety, and the focus is on agility and flexibility.
The supply chain is characterized by high costs, low utilization, and minimal inventory, but flexible suppliers help the company to quickly respond to changes in demand.
The efficient model, on the other hand, is designed for products with predictable demand, low levels of change, and low product variety. The focus is on cost-effectiveness, and the supply chain is characterized by low costs, high utilization, deployed inventory, and low-cost suppliers. The efficient model is often used for functional products with low profit margins.
Complete question is provided in the image below.
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Once you have established who the key players are that will determine success, then you initiate contact and begin to build a relationship with those players. Less effective managersGroup of answer choices:a. Are able to stay in touch with what is really going on through face-to-face interactions.b. Initiate contact to provide encouragement and to reinforce the objectives and vision of the project.c. Announce an open door policy and encourage others to see them when a problem or issue comes up.d. Spend the majority of their time outside their office.
Once you have established who the key players are that will determine success, then you initiate contact and begin to build a relationship with those players. Less effective managers initiate contact to provide encouragement and to reinforce the objectives and vision of the project. So the option b is correct.
More effective managers will use this time to listen and to understand the players’ motivations and objectives, as well as their challenges and concerns. This process is important to ensure that all objectives are aligned and that everyone is working towards the same goal.
The manager should also use this time to define the roles and responsibilities for each player and ensure that everyone is clear on their contribution. Finally, the manager should use this time to build trust and rapport with the key players and create a collaborative environment where everyone feels comfortable and valued.
By taking the time to build relationships and trust, it will help to ensure that the project will be successful.
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The principal-agent problem arises when the principal and the agent have different objectives. the principal cannot enforce the contract with the agent or finds it too costly to monitor the agent. the principal cannot decide whether the firm should seek to maximize the expected future profits of the firm or maximize the price for which the firm can be sold. both a and b
Yes, both options (a) and (b) correctly describe aspects of the principal-agent problem.
The principal-agent problem arises when the principal (such as a shareholder or owner) hires an agent (such as a manager) to act on their behalf, but the objectives of the principal and the agent may not align. The principal may have difficulty enforcing the contract with the agent or may find it too costly to monitor the agent's actions. Additionally, the principal may not be able to decide whether the firm should focus on maximizing expected future profits or maximizing the price for which the firm can be sold. This misalignment of objectives can lead to inefficiencies and a decrease in value for the principal.
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FILL IN THE BLANK. __ are the costs incurred by manufacturers to produce their products or incurred by merchandisers to purchase their products.
_Product costs_ are the costs incurred by manufacturers to produce their products or incurred by merchandisers to purchase their products.
Product costs are the expenses producers incur to make their goods or expenses merchandisers incur to buy their goods.
Costs incurred by manufacturers to make their products or by merchandisers to purchase their items, respectively, are referred to as production costs or purchase costs. These expenses may be direct (such as those for labour, raw materials, and production overhead) or indirect (such as those for marketing, shipping, and distribution). A product's overall production or acquisition costs play a significant role in determining its price and profitability, thus businesses must carefully control these costs to stay competitive in the market.
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A player displays imperfect recall if at some point in the game he does not know ings that he previously Knew perfect recall, so a player who knows something at one point in the game will know it at any later point in the game. Explain why the game tree in below violates the assumption of perfect recal
The game tree in the image you provided appears to be a two-player extensive form game, which is a mathematical representation of a sequential decision-making problem.
In this type of game, players take turns making decisions based on the current state of the game, and their decisions determine the subsequent state of the game. Perfect recall is a key assumption in extensive form games, and it means that at any point in the game, a player knows all the information about the game that has been revealed so far. In other words, a player who knows something at one point in the game will know it at any later point in the game.
However, the game tree in the image appears to violate the assumption of perfect recall because there is no clear way to determine which player should play the move in the second round. This means that a player may not know what decisions the other player has made in the first round, and thus may not be able to make an informed decision in the second round.
In conclusion, the game tree in the image violates the assumption of perfect recall because it does not clearly specify the players' information sets at each point in the game, which is a requirement for a game with perfect recall.
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response cost should always be combined with which of the following? punishment shaping prompting reinforcement
Response cost should always be combined with reinforcement.
What does reinforcement do to a response?The purpose of response-cost is to provide a program that will help parents to improve their child's behavior. Positive reinforcement is a process which strengthens the likelihood of a particular response by adding a stimulus after the behavior is performed. Negative reinforcement also strengthens the likelihood of a particular response, but by eliminating an undesirable consequence.
Common examples of response cost are introducing monetary fines for the inappropriate behavior, such as speeding in an automobile, filing a delinquent income tax return; and losing points used to access special privileges in a classroom.
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Which of the following phrases describes the objective value that would be placed on a property by a buyer in an open market?a. Value in useb. Value in exchangec. Market valued. Both B and C
The correct answer to the question above is option D. "Both B and C" is the phrases that can describe the objective value that would be placed on a property by a buyer in an open market.
Value in exchange or market value is the objective value that a property has in the open market. Value in exchange refers to the utility or use you get from exchanging something for something else. The value of something you sold. Market value also known as OMV or Open Market Valuation is the price an asset or something would fetch in the marketplace. It can also means the value that community gives to a particular equity or assets. Value in use is the net present value of the cash floes generated by assets as it is currently being used by the owner. The values that we spent when we use something.Learn more about open market value at: https://brainly.com/question/14612966
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Most of the practices and objects associated with american cowboys were actually modifications from ..... ranchers. - Mexican-Native American-African-British -Canadian
The attire of American cowboys was influenced by Mexican vaqueros. The low-crowned hats, bolero jackets, and sashes worn by the vaqueros were later replaced with high-crowned, wide-brimmed sombreros.
Briefing:-Their buckskin shoes were fastened with spurs, and their leather leggings were covered to the knee.
Cowboys: do they exist in Mexican culture?Despite being widely seen as American, the conventional cowboy actually has Spanish roots. In what is now Mexico and the Southwestern United States, this tradition further developed into the vaquero of northern Mexico and the charro of the Jalisco and Michoacán regions.
Whose culture did the American cowboy take inspiration from?Many English-speaking immigrants to the West in the early 1800s acquired elements of vaquero culture, such as their manner of dressing and methods of driving cattle.
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Firms where projects are the dominant form of business and the entire organization is designed to support project teams are usually structured as a(n) organization. A. Multiple Choice B. projectized C. dedicated project team D. weak matrix
Firms where projects are the dominant form of business and the entire organization is designed to support project teams are usually structured as projectized organization.
In a competitive environment, businesses must change to be successful; they must focus on results while enhancing operations and working conditions.
Organizations can be of various types: functional, projectized, matrix, or any other sort of structure.
If there is a functional manager, their job will be minor in projectized companies. They won't have any power either. The functional structure is the antithesis of the projectized structure.
All activities in project-based organisations are coordinated via the projects
Resources are used for the project work in businesses that use project management. These businesses are solely interested in working on outside projects.
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Which of the following are financial assets? (all that apply)
a.) A patent
b.) A bond
c.) A share of stock
d.) A barrel of oil
b. A bond and c. A share of stock are financial assets
A bond, a specific type of financial security, represents the loan granted by a buyer to a borrower. The Borrower guarantees periodic interest payments to the Investor and complete repayment of the Bond at the Bond's Maturity. These are sometimes viewed as investments with little risk due to interest payments on them being frequently fixed and the lender is expected to reimburse the grant's face value when it matures.
An equity stake in a company is represented by a share of stock. An individual who owns stock has a modest ownership stake in the company and is eligible to receive a share of its assets and earnings. The success of the company and projections of its future performance define a stock's value. Bonds are often thought of as less risky investments than stocks, whose value can vary dramatically depending on a number of variables, such as the performance of the firm, the state of the economy, and market movements.
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which of the following is not a feature of the separate entity concept?.A.Business and owner are treated as separate entities.B.personal affairs of the owner should not be considered.C.Business should not be dissolved in the near future.D.This concept is followed in all types of business.
The separate entity concept does not include the qualification that "business should not be dissolved in the near future."
What is the separate business entity?A legal principle known as the separate business entity concept treats a company as a unique and independent entity from its owner (s). According to this idea, the company has a distinct legal identity from its owner (s). The company can now sign contracts, file lawsuits or defend them, own property, and take part in other legal actions under its own name. Furthermore, decisions regarding the business shouldn't be based on the owner(s)' private affairs. A crucial idea in business law, the separate entity concept aids in establishing stability and predictability in business relationships and transactions. It is a widely accepted rule that businesses of all stripes, including corporations, limited liability companies, and partnerships, abide by.
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Suppose the price of movie tickets changes. The price change leads to a 20 percent increase in the quantity demanded of movie tickets. This causes the total revenue from movie tickets to decrease by 10 percent.Is the demand for movie tickets elastic or inelastic?
The demand for movie tickets is elastic. Demand is unit elastic and a little change in cost affects the amount requested.
Since the sum requested for film tickets was raised, the expense of a movie ticket was presumably diminished by the law of interest. Other than request should be Flexible over this cost run as total pay is extended, while cost decreased. Cost and income show an opposite relationship.
Value flexibility of interest estimates the responsiveness of the amount requested to changes in the cost of the upside. On the off chance that the outright worth of value versatility is more prominent than one, it implies request is flexible. Versatile interest infers that the sum mentioned is sensitive to cost changes.
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a ..... vision statement defines a business by describing the goods or services it produces or offers. multiple choice question. A.marketing-oriented
B.customer-oriented
C.product-oriented
D.business-oriented
From a (C) product-oriented perspective, a company is described by the products or services it offers.
What is the product-oriented vision?The overarching long-term mission of your product is described in a product vision, often known as a product vision statement.
Vision statements are aspirational and succinctly convey the product's long-term goals and desired future state.
A company is defined by the products or services it offers in a product-oriented vision statement.
A business is defined by its products or services from a product-oriented viewpoint.
Managers are frequently compelled to examine the competitive landscape more narrowly as a result.
A company is defined by its commitment to meeting customers' demands according to a customer-oriented vision.
Therefore, from a (C) product-oriented perspective, a company is described by the products or services it offers.
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A company due to pay a certain amount of a foreign currency in the future decides to hedge with futures contracts. Which of the following best describes the advantage of hedging? Not yet answ Marked out of 1.00 F Flag question Select one: a. It leads to a better exchange rate being paid b. It leads to a more predictable exchange rate being paid c. It caps the exchange rate that will be paidd. It provides a floor for the exchange rate that will be paid
The advantage of hedging with futures contracts for a company due to pay a certain amount of a foreign currency in the future is that it leads to a more predictable exchange rate being paid. Correct option is B.
Hedging is the practice of taking steps to reduce the risk of an unfavorable change in the price of an asset, such as a foreign currency. In this case, the company is using futures contracts to hedge the risk of an unfavorable change in the exchange rate of the foreign currency that it will be paying.
By entering into a futures contract, the company can lock in a specific exchange rate for the foreign currency that it will be paying. This provides a degree of predictability and certainty for the company, as it knows exactly how much it will need to pay in the foreign currency, regardless of what happens to the exchange rate in the future.
Therefore, the best description of the advantage of hedging in this scenario is option (b), it leads to a more predictable exchange rate being paid.
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section 3 assignments modules 10-15 module 10 featured worksheet 1 circular flow 1. give examples of an economic transaction that you have made that could represent each of the arrows on this circular flow model of the closed private economy.
Companies paying wages and salaries to households, Households contributing labour to firms, and Firms selling products and services to households are only a few instances of economic transactions that might represent each of the arrows in the closed private economy's circular flow model.
Hence, option (d) is correct choice.
The closed private economy's circular flow model is a visual representation of the movement of commodities, services, and money in an economy.
The model is made up of two major components: homes and businesses. The model's arrows depict the movement of products, services, and money between these two components. Here are some examples of economic transactions that might be used to represent each arrow in the circular flow model:
Household expenditure on firm-produced products and services (money transfer from households to firms): If you buy a cup of coffee from a café, for example, this transaction symbolises the flow of money from households (you) to enterprises (the café).
Firms that pay wages and salaries to households (money transfer from firms to households): If you work for a company and earn a paycheck, for example, this transaction symbolises the movement of money from corporations to households (you).
Households giving labour to companies (service flow from households to firms): If you work for a company, your labour is a service that you give to the firm.
Firms that offer products and services to consumers (flow of commodities and services from firms to consumers): If you buy something from a store, for example, this transaction illustrates the movement of products and services from companies (the store) to households (you).
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The missing option may be:
Firms paying wages and salaries to households
Households providing labor to firms
Firms selling goods and services to households
All of the above
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Name the parameter of the marketing mix based on the following scenario.
Seiko is one of the most renowned watch manufacturing companies in the world. Their signature quartz innovation makes their watches very
accurate. Caliber 9F is supposed to be the newest and the best invention by Seiko so far.
The marketing parameter that comes into play here is
The marketing parameter that comes into play here is product
What is Product?In the marketing mix, "Product" refers to the goods or services that a company offers to its customers.
In the scenario, Seiko is promoting its latest innovation, the Caliber 9F, which is a quartz technology that makes their watches more accurate.
This focus on the product highlights the importance that Seiko places on the quality and innovation of their watches, and showcases the value that the Caliber 9F can provide to customers.
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Answer:
promotion
Explanation:
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