Functional need most pertains to the performance of a product or service.
Functional requirements are the most palpable and egregious of the three main types of customer needs. Guests generally estimate implicit results grounded on whether they’ll help them achieve a particular task or function. The product or service that stylishly addresses their functional need is likely to be the bone they buy or hire.
Functional requirements can be broad or extremely specific, depending on the client’s buying criteria.
For illustration, a client who’s planting a garden for the first time might say,“ I want a garden hose. ” Meanwhile, an educated gardener might conform to their criteria by saying, “ I need a hose that’s long enough to reach my vegetable garden from my vicinity gate. ” Another client who’s dealt with the frustration of using a low-quality product might confirm their need else by saying, “ I need a high-quality garden hose that won’t tear or kink from regular use. ” With this kind of sapience into guests ’ functional requirements, a company that manufactures garden hoses might develop new products, similar to hoses that come in a range of lengths and don’t kink.
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A field is typically a name, number, or combination of characters that describes an aspect of a business object. true/false
A field is typically a name, number, or combination of characters that describes an aspect of a business object. - True
A name, number, or string of characters that identifies a particular feature of a business item is referred to as a field. Every entity that is pertinent to a certain business or organisation, such as a customer, product, or order, might be considered a business object. A business object's fields each contain specific data about that object. The name, address, phone number, and email fields of a customer object, for instance, could all be present.
Fields for the product name, price, description, and inventory level may be present in a product object. Fields are used to systematically arrange and store data about business objects. To specify the structure of data and make data management and analysis easier, they are also utilised in programming and database design.
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the amount a business receives from the sale of an item of merchandise.
a. selling price
b.markup
c.sales tax
d.sales journal
Option B is correct:
The amount a business adds to the cost of merchandise to establish the selling price is known as the markup.
The markup is typically expressed as a percentage of the cost of the merchandise, and it represents the amount of profit that the business intends to earn on the sale of the product.
For example, if a business purchases a product for $50 and adds a markup of 25%, the selling price of the product would be $62.50 ($50 + 0.25 x $50). The markup helps to cover the business's expenses, such as overhead costs, labor, and other expenses, and allows the business to earn a profit on the sale of the product.
The selling price is the final price at which the product is offered for sale to the customer. The sales tax is a tax that is imposed by the government on the sale of goods and services. The sales journal is a record of all credit sales made by a business.
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Which step of business process management allows managers to create a continually improving process? Multiple Choice O Step 3: process execution O Step 1: process design O Step 5: process optimization O Step 4 process monitoring
The step of business process management which allows managers to create a continually improving process is step 5: process optimization
Process optimization is a step in business process management that focuses on improving the efficiency and effectiveness of business processes. It involves analyzing the current process to identify bottlenecks, inefficiencies, and opportunities for improvement. The ultimate goal of process optimization is to streamline the process to achieve better results in terms of cost, quality, speed, and customer satisfaction.
The process optimization step typically involves the following key activities:
Process analysis: This involves analyzing the process to identify areas for improvement, such as bottlenecks, waste, duplication, or unnecessary steps.Process redesign: This involves redesigning the process to eliminate inefficiencies and improve performance. This may involve simplifying the process, automating certain steps, or reorganizing the workflow.Process implementation: This involves implementing the redesigned process, which may involve training employees on the new process or investing in new technology or equipment.Process monitoring and control: This involves monitoring the process to ensure that it is performing as intended and making any necessary adjustments or modifications to maintain optimal performance.Learn more about process management here:
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Which of the following statements is true about the righteous moralist approach to ethics?
A normative ethical theory that stresses people's moral obligations is known as the righteous moralist approach to ethics. The one that applies to this strategy out of the following is: It maintains that moral principles
A person who possesses moral integrity, justice, and virtue is generally referred to as being "righteous." The righteous moralist perspective stresses the value of keeping certain moral values and carrying out one's moral responsibilities and obligations, such as maintaining one's honesty, integrity, and respect for others. This method frequently makes the assumption that there are unalterable, universal moral ideals and principles that apply regardless of culture or social circumstances. It could also be connected to religious or spiritual ideas, and it might entail a feeling of moral rectitude or personal accountability. The righteous moralist method can be viewed as an overall effort to sustain moral norms in society and encourage ethical behaviour
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Franchises are expanding internationally to access additional ___that have new customers and to increase their profit potential
Franchises are expanding internationally to access additional "market" that have new customers and to increase their profit potential.
The Franchise is the term in the business and refers to those individual who invested their money into any company and become that company's franchisor or investor. The investor will get profit at the end of the year.
The franchisor become the co-partnership of the company, any new strategy and implement should be tell to the investor or franchisor. The franchises are of many types like business, retail, distribution, multi unit franchise and so on.
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How do you calculate net export?
The value of a nation's total export goods and services minus the value of all the goods and services it imports equals its net exports.
Net exports refer to the difference between a country's exports and imports of goods and services. If a country exports more than it imports, it has a positive net export balance, which is also known as a trade surplus. Conversely, if a country imports more than it exports, it has a negative net export balance, which is also known as a trade deficit.
Net exports are an important component of a country's balance of payments, which records all international transactions of a country. A positive net export balance can indicate a strong economy, as it implies that a country is producing goods and services that are in demand in other countries, and is earning revenue from them. On the other hand, a negative net export balance can indicate a weak economy, as it implies that a country is spending more on imports than it is earning from exports, and may have to rely on borrowing or reducing its foreign currency reserves to finance its imports.
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What is the primary purpose of the management process?
The primary purpose of the management process is to achieve organizational goals and objectives in an efficient and effective manner.
Management is the process of planning, organizing, directing, and controlling the resources of an organization to achieve its goals. The management process is carried out by managers at all levels of an organization, from front-line supervisors to top executives.
The key objectives of the management process include:
To coordinate the efforts of employees towards common goals.To ensure that resources are used effectively and efficiently.To make decisions and take actions that support the organization's goals and objectives.To monitor and evaluate the performance of the organization, and make changes as needed.To provide direction and guidance to employees, and to foster a positive work environment.You can learn more about management process at
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What are the three accounting equations?
The three accounting equations are:
1. Assets = Liabilities + Equity
2. Net Income = Revenue - Expenses
3. Cash Flow = Cash Inflows - Cash Outflows
These equations are used to accurately represent a company's financial position and performance. They are essential for financial reporting and decision making in the accounting process. In simpler terms, this equation states that the total assets of a company are equal to the total of its liabilities and equity. Assets are things of value that a company owns, such as cash, equipment, and property.
Liabilities are what a company owes to others, such as loans or unpaid bills. Equity is the amount of money invested in the company by its owners, plus any profits earned and retained. The accounting equation is used to maintain accurate records of a company's financial transactions and to help ensure that its financial statements are accurate and complete.
It is the foundation of double-entry bookkeeping, which is a system that requires every financial transaction to be recorded twice - once as a debit and once as a credit - to ensure that the accounting equation remains in balance.
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What causes a demand curve to shift?
The Demand curve shows the relationship between the price of a good or service and the volume demanded over a period of time.
Factors that can change the demand curve for goods and services to bear a different volume at a given price include changes in tastes, population, income, prices of defended or supplementary goods, and the outlook for unborn Conditions and Prices.
A change in the demand wind for an item has both short and long- term goods on its price and volume demanded. Changes in factors similar as average income and preferences can shift the overall demand wind to the right or left.
This leads to a demand for further or lower volume at a given price. Ceteris paribus hypothesis. Demand angles relate to prices and amounts demanded, with all other factors held constant.
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Employees in the Agriculture, Food, and Natural Resources career cluster work
Created by workers in the agricultural, food, and natural resource industries. This includes food, livestock, wildlife, plants, textiles, wood, and crops.
What are employees?A person who is paid to work for another person or business is an employee.
Employees need only be paid by an employer for their labor in order to qualify as employees; they are not required to work full-time (the person or business that pays them).
A salesperson at a retail establishment is an example of an employee.
As the worker must do responsibilities in a set manner, such as wearing a name tag and greeting the customer with precise phrasing, the worker is considered an employee.
Produced by employees in agriculture, food, and natural resources
Food, animals, plants, textiles, wood, and crops are all included in this.
You could work in a greenhouse, dairy, orchard, farm, ranch, or nursery.
As a scientist or engineer, you could potentially work in a clinic or laboratory.
Therefore, created by workers in the agricultural, food, and natural resource industries. This includes food, livestock, wildlife, plants, textiles, wood, and crops.
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Correct question:
Where do employees in the Agriculture Food and Natural Resources career cluster work?
How long do you have to be employed to get unemployment?
In general, to be eligible for unemployment benefits in the US, you must have worked a certain amount of time and earned a minimum amount of wages.
The specific requirements may vary by state, but most states use a base period of the first four of the last five calendar quarters preceding the claim.
For example, if someone filed for unemployment benefits in June 2021, the base period would be from January 1, 2020, to December 31, 2020.
The eligibility criteria would depend on the amount earned during that period and the reason for separation from the previous employment. If the individual meets the state's requirements, they may be eligible for a certain amount of benefits for a specific period of time.
Overall, the length of employment required to qualify for unemployment benefits depends on the state's rules and the applicant's individual circumstances. It's best to check the eligibility criteria in your state and file a claim as soon as possible if you believe you are eligible.
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(20 points) Today’s music world offers a wide variety of career options, from performers to people who produce and engineer recordings to music educators and more. Think about what interests you most and select one job in the current field of music that is appealing. Do some research and then answer the questions. Music career you selected: 1. What skills and training are required for this job?
Answer: I am there
Explanation: Music Producer and engineer, why?
I am a band singer and love music and it comes from many generations in my family . I love what I am learning in college about music, mixing and master of music .Not to mention the Business end of with copywriting of said music . You must be able to produce songs and albums for clients and make their content sound the absolute best it can.
Which one of the following is not one of the 5 competitive factors that impact both Internet Sales and Wholesale Sales of branded footwear? a. The appeal of celebrities endorsing a company's brand b. The S/Q ratings that the International Footwear Federation assigns to each company's branded footwear c.Search engine advertising d. The number of models/styles that companies include in their product lineups e. Company image ratings/brand reputations
The term that is not one of the 5 competitive factors that impact both Internet Sales and Wholesale Sales of branded footwear is c.Search engine advertising.
What is Search engine advertising?Businesses can utilize search engine advertising (SEA), an internet marketing strategy, to broaden their customer base and boost sales. Paid advertisements can be published on search engines so their visibility on the first page of search results is given priority.
The practice of promoting websites by making them more visible in search engine results pages, primarily through paid advertising, is known as search engine marketing.
Therefore, option C is correct.
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The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northeastern United States. If revenue is to be recognized in February, indicate the amount. a. Swing Hard collected S18,600 from customers for lesson services given in February b. Swing Hard sold a gift card for golf lessons for $120 cash in February c. Swing Hard received $5,500 from services provided on account to customers in January d. Swing Hard collected $5,100 in advance payments for services to start in June. e March Swing Hard billed a customer $150 for services provided between February 25 and February 28. The bill is to be paid in
The payment will be received in March a. The revenue from the classes and services provided in February will be $18,600.
b. The sale of the gift card will generate $120 in revenue that will be recorded in February.
c. The $5,500 in revenue from services rendered on account to clients in January and received in February will be recognised in February.
d. There will be no revenue from the advance payments for services that will begin in June that will be recognised in February. No revenue can be recognised in February for these payments because the services weren't rendered in that month.
e. Even though the payment will be received in March, the revenue from the invoiced services performed between February 25 and February 28 will be recognised in February and is $150.
despite the fact that the payment won't arrive until March. Regardless of when the services are actually rendered and paid for, revenue is recorded at that time.
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The net profit margin ratio is calculated by dividing net income by ______ sales revenueTotal salesProfit Marginnet profit margin
By divide net profits with net sales, one may get the net profit margin. To convert the result to a percentage, divide it by 100.
How Do Net Sales Work?The total of a company's net sales is its gross sales less any cancellations, allowances, and discounts. Externally, total sales numbers are not always obvious. They can frequently be taken into account when calculating top line revenues that are shown on the net income.
What is the name of net sales?Net sales are the total sales generated by a company during a certain time period after deducting sales returns, reductions, and sales allowances. When appearing on an income statement, net revenue may be alluded to as "net revenue" or simply "sales."
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As a philosophy for business ethics, utilitarianism focuses attention on the need to
a) follow the ethical norms that are culturally accepted in a host nation.
b) make social investments designed to enhance the welfare of the communities in which they operate.
c) adhere to the United Nations Universal Declaration of Human Rights.
d) weigh carefully all of the social benefits and costs of a business action.
Option - D : As a philosophy for business ethics, utilitarianism focuses attention on the need to weigh carefully all of the social benefits and costs of a business action .
As a consequentialist ethical theory, utilitarianism holds that an action's morality is decided by its results or consequences. According to utilitarianism, a business decision is morally right if it produces the greatest overall balance of societal benefits over social costs. In order to create judgements that will result in the greatest overall balance of benefits over costs for society as a whole, utilitarianism emphasises the necessity to thoroughly assess all of the social benefits and costs of a business activity.
This method differs from other ethical frameworks like deontology or virtue ethics that emphasise the character of the actor or the inherent characteristics of the deed rather than the results of the activity.
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What do sellers do if they expect the price of goods they have for sales to increase dramatically in the hear future.A. They cause prices to rise.B. Small farmers in FranceC. It becomes practical to produce more goods.D. Store the goods until prices rises.
Option A is correct. If suppliers count on costs to go up in the future, they limit their furnish nowadays and save stock to promote for a greater rate in the future. S curve shifts left.
What will appear if there is an enlarge in provide for right and services whilst demand stays the same?If grant will increase and demand stays the same, fees will fall. If supply remains consistent and demand decreases, prices will fall. If supply decreases and demand stays the same, prices will rise.
Economists name this the Law of Demand. If the price goes up, the volume demanded goes down (but demand itself stays the same). If the rate decreases, quantity demanded increases.
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https://brainly.com/question/4803223#SPJ4All economic systems have to answer the following questions. What goods should be produced? How should the goods be produced? For whom should the goods be produced?
Why must these questions be asked?
a. The opportunity cost of specialization is high.
b. There is inequality in the distribution of resources.
c. There are unlimited wants and limited resources.
d. The forces of supply and demand are unreliable.
Option c is correct. You have limitless desires and limited resources. A society's or a specific geographic area's system of production, resource allocation, and distribution of products and services is known as an economic system or order.
It includes the combination of various institutions, authorities, units, decision-making processes, and consumption patterns that make up the economic structure of a particular community.
The economic system is a kind of social system. Production mode is a related concept. Every economic system has to face and solve the following four fundamental economic problems.
Type and quantity of products to be produced:
This fundamental economic problem is rooted in the theory of price formation. In this context, the theory of price formation is concerned with economic decision-making between the production of capital goods and consumption goods in economies facing resource scarcity. In this context, a critical assessment of societal needs based on demographics with respect to age, gender, occupation and geography is of great importance.
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which account is more likely to have penalties for frequent withdrawals?
The answer is, the accounts that They have charged more to their account than they have available, is more likely to have penalties for frequent withdrawals.
What distinguishes penalties from punishment?A fine is a sum of money that a court orders someone to pay as a penalty or punishment. Punishment, on the other hand, is retaliation against someone for disobeying the rules of a particular act. A penalty is imposed for breaking a specific law, rule, or contract, whereas a fine is imposed for committing a crime or offence.
Why is a fine a punishment?When the prosecution in a case is finished, the court may impose payment of a fine, which is a monetary amount. Penalties, on the other hand, are meted out when someone violates the terms of a certain act but do not require legal action.
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What is the most common percentage for calculating uncollectible accounts receivables?
According to previous experience, 1 percent of accounts receivable that are less than 30 days old and 4 percent of account receivable that are at least 30 days old will be uncollectible.
Is there a typical credit balance in the account allowance for uncollectible accounts?The normal balance of the allowance for doubtful accounts is a credit balance due to the fact that it is a contra asset account. Therefore, credit entries increase the amount in an allowance for doubtful accounts journal entry, while debits decrease the amount in this account.
Because it is a credit account, the allowance for doubtful accounts can be either negative or zero. It records an increase or decrease in the value of liabilities. The company will debit the bad debt amount and credit allowance for doubtful accounts at this point because it is of the opinion that it is unlikely to receive all or a portion of the outstanding amount.
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Which of the following is not a part of an integrity-based ethics code?a) Defines an organization's guiding principlesb) Supports ethically sound behaviorc) Emphasizes strong penalties for wrong-doersd) Stresses shared accountability
c)Emphasizes strong penalties for wrongdoers is not a part of an integrity-based ethics code.
An integrity-based ethics code: what is it?A code of conduct that is founded on integrity identifies the guiding principles of a company while allowing employees to interpret and specify how they will internalize these principles and conduct themselves ethically.
What do the five codes of ethics entail?It is broken down into three parts and supported by the five guiding principles of Integrity, Objectivity, Professional Competence and Due Care, Confidentiality, and Professional Behaviour.
An ethics code built on integrity has the special focus of (a) shared accountability among employees. (A) Employees sharing responsibility. An organization establishes codes of conduct, and its employees are expected to abide by them. Different codes of conduct exist, some of which may be based on a company's basic principles.
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Firms use a ________ systems to integrate business processes in manufacturing and​ production, finance and​ accounting, sales and​ marketing, and human resources into a single software system.
Business processes in finance and accounting, sales and marketing, manufacturing and production, and human resources are all combined into one software system by enterprises using enterprise resource planning systems.
What is enterprise resource planning?Enterprise resource planning systems are used by businesses to consolidate business operations in finance and accounting, sales and marketing, manufacturing and production, and human resources into a single software system.
The integrated management of key business activities, frequently in real-time, is known as enterprise resource planning (ERP).
ERP is commonly referred to as a class of business management software that allows a company to gather, store, manage, and understand data from several business activities.
It is typically a suite of interconnected applications.
ERP systems may operate locally or in the cloud.
Due to the ease with which information is now accessible from any location with Internet access, cloud-based apps have increased in popularity in recent years.
On-premises ERP systems from the past are now viewed as outdated technology.
Therefore, business processes in finance and accounting, sales and marketing, manufacturing and production, and human resources are all combined into one software system by enterprises using enterprise resource planning systems.
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Are intermediate goods and services included in GDP?
No, intermediate goods and services are not included in GDP (Gross Domestic Product).
GDP is the total value of all final goods and services produced within a country's borders in a given period of time, typically a year. Intermediate goods and services are those that are used as inputs in the production of other goods and services. Since they are not sold directly to consumers, they are not included in the calculation of GDP.
Only final goods and services, which are purchased by consumers or the government for their own use, are counted in the GDP. This is done to avoid double counting, where the same product or service is counted multiple times in the GDP calculation.
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Karen and Anika are owners of a new personal assistant service called Assist You 2. They live in an area populated by single professionals, small local business owners, retired senior citizens, and families with little kids. For Karen and Anika, each of these groups, or segments, is a potential what?
The answer is option a. Market Segment. According to the question, They live in an area populated by single professionals, small local business owners, retired senior citizens, and families with little kids, therefore every group is a market segment for their Service.
What do you mean by market?The entire number of buyers and sellers in the area or region under consideration is referred to as a market. The value, cost, and price of goods traded are determined by the forces of supply and demand in a market.
What types of markets are examples of?A market is any location where producers, wholesalers, or merchants offer their products for sale and where customers can make purchases. Websites, high streets, and stores are some examples. The phrase can also be used to describe the entire group of people that purchase a good or service.
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Refer to the table below. Suppose that D2 and S1 are the prevailing demand and supply curves for a product. If the demand schedule changes from D2 to D1, then:Price D1 D2 S1 S2$12 5 9 19 14$10 8 12 17 12$8 11 15 15 10$6 13 18 13 8$4 16 21 11 6$2 18 24 9 4O equilibrium price increases from $6 to $8.O equilibrium quantity increases from 13 to 18.O equilibrium quantity decreases from 15 to 13.O equilibrium price decreases from $6 to $4.
The equilibrium quantity and price in a given market, where D2 and S1 stand in for the supply and demand schedules, are $8 and 15, respectively.
What does demand look like?Demand is just a key factor driving the market to acquire products and services immediately and to pay the price associated with them. The quantity of goods that customers are prepared and ready to buy at different prices within one particular time frame is known as demand.
What is the economic demand?Demand is the number of customers who are able and willing to purchase goods at a range of prices throughout a specific time period. Demand for any good or service shows that consumers are interested in it and are able and willing to pay for it.
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Fill The Blank! marketers use ________ research techniques when they want to know if a change in one thing is responsible for a change in something else. these factors are known as independent and dependent variables.
The marketers use casual research techniques when they want to know if change in one thing is responsible for the change in something else. These factors are known as the independent and dependent variables.
What are dependent variables?Dependent variables refer to the outcomes or effects that are being studied in a research project. These are the variables that are impacted or influenced by the independent variables, which are the factors that are manipulated or controlled in the study. In scientific research, dependent variables are measured, observed, or analyzed to assess the impact of changes in the independent variables. For example, in an experiment testing the effect of different types of fertilizer on plant growth, the dependent variable would be the growth of the plants. The independent variable would be type of fertilizer used. By comparing the growth of the plants with different fertilizers, researchers can determine which fertilizer is most effective for promoting growth.
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if a 4% decrease in the price of coffee leads to a 2% increase in the quantity demanded, the price elasticity of demand for coffee is relatively price
The price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. It can be calculated as the percentage change in quantity demanded divided by the percentage change in price.
In this case, the percentage change in quantity demanded is 2%, and the percentage change in price is -4%. So, the price elasticity of demand for coffee is 2/-4 = -0.5.
A price elasticity of demand that is less than one, as in this case, indicates that the demand for the good is inelastic. This means that a change in price leads to a smaller proportional change in the quantity demanded.
In other words, consumers are less sensitive to changes in the price of the good, and a change in the price has a relatively smaller effect on the quantity demanded. In this case, the price elasticity of demand for coffee is relatively inelastic because a 4% decrease in price leads to a 2% increase in the quantity demanded.
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The most basic question in an ethics-based management system is asking the question:
a) Is it balanced?
b) Is it legal?
c) Who will know?
d) Has it been done before?B
The most basic question in an ethics-based management system is asking the question: Is it legal. so the option b is correct answer.
The study of ethics, often known as moral philosophy, "involves systematising, defending, and endorsing conceptions of good and bad action," according to Wikipedia. Axiology is a subfield of philosophy that consists of the areas of ethics and aesthetics. These fields are concerned with issues of value.
Through the definition of terms like good and evil, right and wrong, virtue and vice, justice and crime, ethics aims to answer concerns about human morality.
Moral philosophy has connections to value theory, descriptive ethics, and moral psychology as areas of academic study. The Ancient Greek term thikós, which means "related to one's character" and is derived from the root word êthos, which means "character, moral nature," is the source of the English word ethics.
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if marco decides to buy a company in a foreign country in order to expand internationally, this would represent
A. a foreign subsidiary
B. exporting
C. a subsidized foreign venture
D. a lincensing agreement
E. a joint venture
If Marco decides to buy a company in a foreign country in order to expand internationally, this would represent "a foreign subsidiary" The correct option is A.
The foreign subsidiary is the company whose branch is established outside the country of origin. The financial contribution of the non-EU country directly or may be indirectly which is limited to the more than one companies or industries.
The global expansion or the buy a company in a foreign country in order to expand internationally through the consider international trade as a growth opportunity, investigate franchising for the global expansion, develop the master international marketing plan and so on.
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Adjusting entries are needed to correctly measure the _______________.
A. net income (loss) on the income statement.
B. ending balance in the Cash account.
C. net income (loss) on the balance sheet.
D. beginning balance in the Cash account.
Option (a), To accurately assess the net income (loss) on the income statement, adjusting inputs are required.
How much of an adjustment affects net income?Yes, each adjusting entry has an effect on the total amount of net income generated over the period. Because they are managed in a way that ensures revenues and expenses are recorded during the proper period, all adjusting entries have an effect on either a revenue or an expense account.
What explains why entries need to be revised at the conclusion of an accounting period?A single transaction may affect revenues or expenses in more than one accounting period, therefore adjusting entries are necessary because not all transactions throughout the period were recorded.
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