Answer: False positive
Explanation:
From the question, we are informed that when a company hired Marcus who turned out to be a poor performer, the assessment outcome that occurred is being referred to as the false positive.
True negative is when someone is rejected because it is believed that the person won't perform well when employed.
The staff and faculty members at California State University are represented by a labor union. They are required to pay a fee to the union even if they do not join the union. This type of arrangement describes a(n) _____.
Answer: agency shop
Explanation: The staff and faculty members at California State University are represented by a labor union. They are required to pay a fee to the union even if they do not join the union. This type of arrangement describes a(n) _____.
a. closed shop
b. maintenance-of-membership shop
c. union shop
d. agency shop
The arrangement describes an agency shop which is a form of union security agreement. Herein, the employees maybe represented by a union but need not join the union in order to remain employed although, the non-union worker must pay a fee to cover collective bargaining costs to the union.
Which of the following budgets must managers prepare before they can prepare a direct materials purchases budget? a. Labor budget b. Overhead budget c. Production budget d. Cost of goods manufactured budget
Answer:
C. production budget
Explanation:
management must prepare production budget before the direct material purchase budget.
The following budgets must managers prepare before they can prepare a direct materials purchases budget Production budget
What is the manager?A manager is a professional who leads an organization and oversees a team of people. Managers are frequently in charge of a specific department inside their firm.
The phrase "production budget" is used explicitly in the film industry as well as more generally in business. The amount that will be spent on the complete film project will be determined by a "film production budget."
Therefore, The following budgets must managers prepare before they can prepare a direct materials purchases budget Production budget
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michelle works in a retail and cant decide what products to include in the stores front window display what is the first step she should take to solve this problem
Answer:
State the problem
Explanation:
Michelle wants to put products in the store display. The first step she should take is to state the problem.
Since she is putting the product on display she will need to put an appropriate item on display as this goes a long way to define the image of the business.
What kindly of products does she want to put on the display?
This is the question she should state at this stage.
Next she will list the options, determine the pros and cons, and evaluate the decision or choice.
These are the steps she should follow to resolve the resolve the problem of what to put in the store window
"A customer has a 3-year old child and wishes to begin saving for the kid's college education using a tax advantaged investment. The best investment option to meet the customer's objective is a(n):"
Answer:
Age weighted 529 plan.
Explanation:
This approach of or form of child investment option is said is seen to be of a form of protection to parents who has older children while patents that their wards are younger are seen to cash out on greater returns in future time which is seen to occur by maintaining higher concentration in stocks over time. This is is aid to be of two different types which is the prepaid plan etc. Portfolios of this kind also are seen to possinly include static fund portfolios and age-based portfolios.
An agent and an applicant for a life insurance policy fill out and sign the application. However, the applicant does not wish to give the agent the initial premium, and no conditional receipt is issued. When will coverage begin?
Answer:
The coverage will start when the life assured/assured pay the premium on the life assured
Explanation:
In Insurance, the rule say "No Premium, No Cover". It is a serious offense for an insurance office/life office to provide cover on a life that has not paid the premium.
The filling out of the policy only indicate "Offer" towards enforcing the policy from the assured side, we should not forget that the Insurance company giving the assured the proposal form to fill is an "Offer to Invitation". After this, the "Acceptance" will take place which is when the the the assured has submitted the Proposal form and the Life office has agree to provide cover. However, if the premium called "Consideration" has not been paid, no cover exist.
A landfill site produces an obnoxious odor. Homes downwind of the site rent for $1000 per month while homes upwind of the site rent for $1500 per month. If the odor is the only detectable difference between two neighborhoods, the difference in the rent is the ________ of the odor. Group of answer choices
Answer:
External cost
Explanation:
External cost is a cost that is gotten from any economic transaction, in which the person or entity bearing the cost is not directly involved in. They are also known as spill over costs. The offensive odor in the question has generated an external cost at different locations from the site, the cost of rent differs. External costs usually have negative effects, from our question we can see that the odor from the landfill site must be intolerable for people residing in the area.
Designated agency means the clients do not have the full level of fiduciary duties available to them that they would have if they were fully involved in seller agency or buyer agency. In this situation, the client gives up the fiduciary duty of undivided what?
Answer:
....In this situation, the client gives up the fiduciary duty of undivided what?Correct Answer:
Loyalty
Explanation:
This is because, in a situation where an agency has full level of fiduciary, they tend to offer their maximum loyalty to the company knowing fully well that, it is part of the necessary things needed for them to retain their position. Unfortunately, when such full fiduciary is not guaranteed, their loyalty would not be there.
involving employees in setting service performance goals can be very instructive in helping a firm reduce the
Answer:
standards gap
Explanation:
Involving employees in setting service performance goals can be very instructive in helping a firm reduce the "standards gap" by increasing their input into systematizing the expected output.
Standards gap actually talks about the difference that exists between the service standards a firm sets and that firm's understanding of the expectations of the customers.
After three profitable years, Dodd Co. decided to offer a bonus to its branch manager, Cone, of 25% of income over $100,000 earned by his branch. For the year 20X2, income for Cone's branch was $160,000 before income taxes and Cone's bonus. Cone's bonus is computed on income in excess of $100,000 after deducting the bonus, but before deducting taxes. What is Cone's bonus for the year 20X2
Answer:
$12,000
Explanation:
our EBIT (and before bonus also) = $160,000
income threshold = $100,000
bonus = 25% of (EBIT - threshold - bonus itself)
so now, we have to solve the following equation:
bonus = 25% x (EBIT - income threshold - bonus)
bonus = 25% x ($160,000 - $100,000 - bonus)
bonus = $15,000 - 0.25bonus
1.25bonus = $15,000
bonus = $15,000 / 1.25 = $12,000
The cost approach formula states that reproduction or replacement cost new _________________, __________________ equals property value.
Answer:
minus depreciation,
plus site value
Explanation:
In real estate also, when charging for depreciation the depreciation is not charged on land value.
Here, site value means the value of land.
All the accrued depreciation has to be considered for this purpose.
This formula basically emphasises on the fact that if the total value of a property is not provided, it can be calculated based on the values of different parts of the property, as including value of building, total depreciation, value of land provided separately.
For married taxpayers filing a joint return in 2019, at what AGI level does the phase-out limit for contributions to Qualified Tuition Programs (Section 529 plans) start?
Answer:
There is no phase out limit for contributions to Section 529 plans. The limit on how much money you can contribute to a plan is $15,000 per year, but it doesn't phase out if you have a high income.
The main differences between a Coverdell account and a 529 account is that the Coverdell account has an age limit of 30, an income limit of $220,000 and a maximum annual contribution of $2,000.
A grocer wants to make a mixture of three dried fruits. He decides that the ratio of pounds of banana chips to apricots to dates should be 5:2:2. Banana chips cost $1.28/lb, apricots cost $3.00/ln, and dates cost $2.62/lb. What is the cost per pound of the mixture?
Answer:
$1.96/lb
Explanation:
A grocer wants to make a mixture of three dried fruits.
The ratio of pounds of banana chips to apricots to dates is 5:2:2
Banana chips cost $1.28/lb
Apricots cost $3.00/lb
Dates cost $2.62/lb
The first step is to find the total number of pounds
= 5+2+2
= 9 pounds
Total cost can be calculated as follows
= 1.28(5) + 3(2) + 2.62(2)
= 6.4+6+5.24
= $17.64
Therefore, the cost per pound of the mixture can be calculated as follows
= 17.64/9
= 1.96
Hence the cost per pound of the mixture is $1.96/lb
Small business service organizations that are patterned after the Agricultural Extension Service are known as
Answer: Small Business Development Centers
Explanation:
Small business service organizations that are patterned after the Agricultural Extension Service are known as Small Business Development Centers.
Small Business Development Centers help in giving assistance that are business-related and also help in giving knowledge to entrepreneurs in order to help them begin and run their business.
In the current year, Poplar City paid $5,000 interest and $20,000 principal on its outstanding general obligation bonds. The payment was made from a debt service fund using cash transferred earlier the same year from the general fund. How should the city report the expenditures
Answer: General fund: 0
Debt service fund: $25,000
Permanent: 0
Explanation:
From the question, we are informed that in the current year, Poplar City paid $5,000 interest and $20,000 principal on its outstanding general obligation bonds and that the payment was made from a debt service fund using cash transferred earlier the same year from the general fund.
The city report the expenditures in the following way:
General fund: 0
Debt service fund: $25,000
Permanent: 0
The debt service funds is simply the addition of $20,000 principal and the $5000 interest.
Performance is evaluated for an investment center through the comparison of actual and budgeted return on investment (ROI) based on segment margin and assets controlled by the segment.
a. True
b. False
Answer:
True
Explanation:
Return on Investment (ROI) is the proportion of operating assets that an investment center earned as as net operating income.
ROI is measure of the returned earned by a division relative to the amount invested in the assets used to generate the return.
It is calculated as follows
ROI = operating income/operating assets × 100
To evaluate a division, the division's ROI is compared to the budgeted ROI of the company. An actual ROI that exceeds the budgeted is considered a good performance and vice versa
The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file:______.a) property tax lien.
b) assessment lien.
c) general lien.
d) mechanics' lien.
Answer: assessment lien
Explanation:
From the question, we are informed that the City of Grand Rapids installed a new water main on Oak Street and that the city then decided to charge the property owners along Oak Street a proportional cost of the new water main.
We are further told that a property owner refuses to pay their proportional share of the cost. In this case, the city may file an assessment lien as this allows the city to sell the property of the homeowner so as to repay the assessments that the person owe.
An HR manager trying to recruit for a number of key positions in a firm asks the best talent to recommend the best employees they've worked with in the past or employees they feel would be good performers. This is an example of
Answer:
school buses are yellow
Explanation:
"According to Gartner Research, the data analytics market has split into two segments: the traditional _____ market and the newer __________ market. "
Answer: BI; data discovery
Explanation:
According to Gartner Research, the data analytics market has split into two segments: the traditional BI market and the newer data discovery market.
Data analytics is when raw materials are being analyzed scientifically in order to derive conclusions about a particular information.
Data analytics tools and technologies are data discovery, data visualization, and also geospatials.
In what country do the three largest shareholders control, on average, about 60 percent of the shares of a public company?
a. Great Britain
b. Italy
c. United States
d. Canada
Answer:
B, Italy
Explanation:
In Italy, 60 percent of the shares of a public company are owned by the 3 largest shareholders. This invariably means that the decision making of public companies are mostly at the mercy of just 3 persons as against larger numbers in other countries.
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"A registered representative of a member firm markets private placements to wealthy accredited investors. Before the member firm can market these private placement securities, it MUST conduct a reasonable investigation concerning the:"
Answer:
I. issuer and its management
II. business prospects of the issuer
III. assets held by the issuer
IV. claims being made
Explanation:
According to Financial Industry Regulatory Authority, FINRA, the requirement for a private placement to be offered, is for the broker-dealer or its representatives to perform a necessary and an adequate inquiry pertaining to the security and the issuer's representations concerning it.
Hence, the Broker-dealer must conduct a reasonable investigation concerning the following:
• issuer and its management
• business prospects of the issuer
• assets held by the issuer
• claims being made
• intended use of the proceeds of the offering
Ayres' (1991) research team visited 90 Chicago-area car dealers using a uniform strategy to negotiate the lowest price on an $11,000 car. The results indicated that _______ were given the highest quote.
Answer:
Ayres' (1991) research team visited 90 Chicago-area car dealers using a uniform strategy to negotiate the lowest price on an $11,000 car. The results indicated that black females were given the highest quote.
Explanation:
That was then result of their research in 1991. Among all the people that made inquiries about car, it was the black females who made the inquiries that were offered the highest quote.
what is the meaning of personal and impersonal account according to business studies
IMPERSONAL ACCOUNT:In the accounts of the nominal ledger, we have different types of expenses for different purposes like rent, insurance, telephone and others. ... In contrast to impersonal accounts, personal accounts are kept for each of the credit customers or suppliers of a business.
Personal and Impersonal Accounts are classified based on ownership. Nomenclature is the principal criterion for deciding the categorization of the account.
An Account is a record of assets, liabilities, and transactions. Double entry is the principle of accounting. Personal accounts are for individuals or firms. Personal accounts hold the privilege of using the username the same as the name of account holder. Personal accounts are used mainly for all official works and records. They can be further classified as:
Nature personal accountsArtificial personal accountsRepresentative personal accountsImpersonal accounts are for properties, expenses, etc. They can be further classified as:
Real accountNominal account#SPJ10
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where should be the business registered legally?
Agent Norm just started working for Sunshine Realty. He was required to pay a monthly fee of $120 for a phone and $50 for desk space. The $170 is usually referred to as what
Answer:
Startup cost, is the right answer.
Explanation:
Startup cost, the cost that is incurred by the agent is a startup cost because when a person starts working then there is some cost that he has to bear. For example, if a person starts a business then he has to spend the money to get raw materials, land, equipment, etc. Here, theses spendings are done to start the business so this is the startup cost. Similarly, the Agent has to bear the monthly fee for phone and desk space. Thus, it is a startup cost.
From an initial long-run equilibrium, if aggregate demand grows faster than long-run and short-run aggregate supply, then Congress and the president would most likely
Answer:
Decrease government spending.
Explanation:
Stating the initial fact that equilibrium can directly be explained to be a concept requiring a government official to borrow. And also in certain views by economists who conceive of economic processes as analogous to physical phenomena such as velocity, friction, heat, or fluid pressure.
In the case above, from the initial ong-run of this said equilibrium which shows aggregate demand grows faster than long-run and also in that of short-run supply, congress and the president are most certain to reduce government spending. It is somewhat explained also that physical forces are balanced in a system, no further change occurs.
In terms of usage, about ____________ of all energy in the U.S. is consumed by the transportation sector, ____________ by industry, ____________ by commercial businesses, and ____________ by residential customers.
Answer:
28%
32%
18%
21%
Explanation:
According to the United States Energy Information Administration, the above percentages are the how energy generated is being distributed between its 4 sectors.
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The supply and demand curves reflect the availability and cost of a new gaming system. The producer announces that the new system will be compatible with existing games under the same brand. Which change will most likely occur
Answer:
Demand will shift right, raising the market price.
Explanation:
Given that the new gaming system is compatible with existing games, this implies that the total demand will increase and the market price of the new system will also increase at every level. At the same time, the price of a complementary product will decrease, since one can use existing games that have already been purchased with the new system.
Hence, in this case, the correct answer is Demand will shift right, raising the market price.
Answer:
Demand will shift right, raising the market price.
Explanation:
Cullumber Company had these transactions during the current period:
June 12 Issued 80,500 shares of $1 par value common stock for cash of $301,875.
July 11 Issued 3,200 shares of $100 par value preferred stock for cash at $106 per share.
Nov. 28 Purchased 2,950 shares of treasury stock for $10,000.
Prepare a tabular summary to record the Cullumber Company transactions, indicating their impact on the accounting equation.
Answer:
to be honest I'm not sure
The seller wants to make a $35,000 profit on the sale of a home after expenses of $500 for title, a loan of $45,000, $50 recording fees, and a 7% commission. At what approximate price must the seller sell his home to make the profit he wants?
Answer:
The approximate price the seller must sell his home to make the profit he wants is $86,188.5
Explanation:
The given parameters are;
The amount of profit which the seller of the home wants = $35,000
The title expenses = $500
The amount of loan involved =$45,000
The recording fees = $50
The commission paid for the sale = 7%
Therefore, the total cost = $500 + $45,000 + $50 = $45,550
Adding the profit to the cost gives;
$45,550 + $35,000 = $80,550
The 7% is then added to give
Selling price for the home = $80,550 + 7% of $80,550
Which gives;
Selling price for the home = $80,550 + 7/100 × $80,550 = $86,188.5
Therefore, the approximate price the seller must sell his home to make the profit he wants = $86,188.5.
On September 1, Paisley Corp. signed a 2-year interest-bearing note payable for $100,000. The interest rate was 12%, and both principal and interest are paid at maturity. The amount of interest that is accrued on December 31, is
Answer:
$4,000
Explanation: