When a spending shock occurs, the IS curve shifts by the option 2. change in spending times the multiplier.
Big, erratic costs are referred to as "Spending Shocks." More than 60% of Americans, according to CBS, are unable to handle a $500 expenditure shock. Since spending shocks are the leading cause of budget failure, being ready for significant spending shocks is the best possible thing you could do to maintain a stable personal financial situation.
The expenditure multiplier illustrates the effects of a shift in autonomous spending on overall spending and aggregate demand. Divide the final change in real GDP by the change in autonomous spending to obtain the expenditure multiplier.
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In early January 2019, Ayayai Corporation applied for a trade name, incurring legal costs of $16,000. In January 2020, Ayayai incurred $7,200 of legal fees in a successful defense of its trade name. Compute 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes the trade name over 10 years. 2019 amortization $ 12/31/19 book value $ 2020 amortization $ 12/31/20 book value $ Compute the 2020 amortization and the 12/31/20 book value, assuming that at the beginning of 2020, Ayayai determines that the trade name will provide no future benefits beyond December 31, 2023. 2020 amortization $ 12/31/20 book value $ Ignoring the response for part (b), compute the 2021 amortization and the 12/31/21 book value, assuming that at the beginning of 2021, based on new market research, Ayayai determines that the fair value of the trade name is $14,400. Estimated total future cash flows from the trade name is $15,400 on January 3, 2021.
On January 3, 2021, there will be a total of $12,000 in future cash flows from the trade name. By accounting for inflation and returns, it contrasts the present worth of money today with the present value of money in the future.
The 2019 amortisation would be $16,000/10 = $1,600 if the trade name were to be depreciated over a period of ten years. The book value as of 12/31/19 would be $14,400 ($16,00 Minus $1,600). The book value as of December 31, 2020 would be $14,400 minus $1,600, or $12,800. The 2020 amortisation would be $1,600.
The 2020 amortisation would be $12,800/3 = $4,266.67, and the 12/31/20 book value would be $12,800 - $4,266.67 = $8,533.33 if Ayayi finds that the trade name would not give any additional advantages after December 31, 2023.
The amortisation for 2021 would be ($12,800 - $14,400)/(10-1) = -$800, and the book value for December 31, 2021 would be ($12,800 - $800) = $12,000. This is assuming that Ayayai deems the trade name's future cash flows to be $14,400 on January 3, 2021.
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Which of the following best describes a brand?
a. How a company markets its primary asset, like a product or service
b. How a company communicates its values and culture
c. How a company is perceived by the public
d. How much customers are willing to pay for a company's products
*The right answer is C. How a corporation is perceived by using the public. A brand is all about how a business enterprise is perceived with the aid of the public.
What Is a Brand?The term company refers to a commercial enterprise and advertising thinking that helps humans pick out a particular company, product, or individual.
Brands are intangible, which potential you can not surely contact or see them. As such, they assist shape people's perceptions of companies, their products, or individuals.
Is a brand described as an asset?Definition: Brand assets
They are what sets a commercial enterprise apart and offers it persona and personality. Brand belongings assist entrepreneurs to make an emotional connection with their customers and leads. Brand property are usually visual e.g., logos—and precise manufacturer colors—typefaces, packaging, images, and illustrations.
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Which of the following correctly identifies the five core customer and marketplace concepts?
a. needs, wants, and demands; market offerings; value; satisfaction; and markets
b. needs, wants, and demands; market offerings, value and satisfaction; exchanges and relationships; and markets
c. needs, wants, demands, market offerings, and markets
d. needs, wants, and demands; products; value; customers; and competitors
e. needs, wants, and demands; market offerings; value and satisfaction; competitors; and profits
The five core customer and marketplace concepts are b. needs, wants, and demands; market offerings, value and satisfaction; exchanges and relationships; and markets.
What is marketplace concept?
A marketplace is an online shopping centre where you may find any goods, whenever you need it, from anywhere, and where products from many brands are sold. Marketplaces operate in an easy, efficient, and cost-efficient way. The intention is to make purchasing and selling simple for both buyers and sellers. Online marketplaces are used by businesses to connect with consumers who wish to buy their goods and services. Online marketplaces like Amazon, eBay, and Craigslist are examples.
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can you reject your null hypothesis that both female and bachelor can be deleted from the regression?
Yes, you can reject the null hypothesis that both female and bachelor can be deleted from the regression.
In regression analysis, the null hypothesis is often a statement that there is no relationship between the independent variables and the dependent variable. The purpose of regression analysis is to test this hypothesis and see if there is evidence to reject it.
Rejecting the null hypothesis means that there is evidence to support the idea that there is a relationship between the independent variables and the dependent variable. This can be determined by calculating a p-value, which is a measure of the strength of evidence against the null hypothesis.
In the case of removing female and bachelor from the regression, if the p-value is less than 0.05, it means that there is evidence to suggest that removing these variables will significantly affect the overall fit of the model and the results of the regression analysis.
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you have been working on implementing a new database system into a content management system for an advertising firm. the project has a budget of $5 million and a 10 month schedule. the content manager of the company abruptly left the organization and a new content manager has been hired from a competing firm. the new content manager comes from an organization that had publicly run into issues with the implementing a similar solution the year prior. how can you best evaluate the impact that the personnel change may have on the project? answers a. ask the change review board to review the change in personnel b. continue on with the project as if nothing is changing c. place the project on hold until the new content manager is onboard d. meet with the project sponsor to discuss potential impact to the project
To discuss potential effects on the project, meet with the project sponsor.
It is best to meet with the project sponsor to go over the potential effects of any major project changes or potential risks. The project sponsor serves as the organization's product champion and will make every effort to keep the project on track. Changes in important stakeholders frequently result in scope adjustments or even project cancellation. The project should still be supported by the project sponsor.
What is a project sponsor?
A project sponsor is a person or organisation that controls the project and provides the necessary funding, resources, and support to make the project, programme, or portfolio successful. Each project has a minimum of one sponsor. They are the project's driving force. They are above the project manager in the project hierarchy even though they don't oversee the day-to-day activities of a project. The sponsor of the project has probably been associated with it from the start. They were the ones who contributed to its conception and fought for it.
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When best buy provides a loyal customer with a relevant coupon on their mobile phone, based on previous purchases, while the customer is in the store, this is an example of which element of the 4e framework?
A good example of the relevance and enticing the customer is when Best Buy gives a devoted customer a pertinent coupon based on prior purchases while the customer is in the store using his or her mobile device.
Who is an exciting and relevant customer?
Customers who are pleased with the company's or organization's product and are prepared to provide positive feedback about it are said to be relevant and exciting customers.
As a result, this example of relevance and customer excitement applies to the customer who is currently in the store.
The customer relevancy model analyses touchpoints and compares the business to its rivals on five main criteria. According to research, consumers really only value these five attributes—access, price, product, service, and experience—and the model reflects that.
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emtala was passed in 1986 and is part of which of the following? a. hipaa b. oig supplemental compliance program guidance c. the consolidated omnibus budget reconciliation act d. the civil rights act.
The correct response is c. the consolidated omnibus budget reconciliation act.
A budget is a financial plan for distributing resources, determining how much money should be spent overall by the federal government, program by program, and for each component of each program, as well as how to finance the spending. As a preeminent international supplier of mobility solutions, Avis Budget Group manages three of the most recognizable brands in the sector: Avis, Budget, and Zipcar. A government's budget is an overview or plan of the anticipated income (often but not always from taxes) and expenses of that government. There are three different sorts of government budgets: operating or current, capital or investment, and cash or cash flow.
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what is the final price you must pay, including tax, if you purchase an item for $17 with a sales tax of 4% ?
The final price you must pay, including tax, is $17.68.
To calculate the final price you must pay, including tax, for a purchase of $17 with a sales tax of 4%, you need to first find the amount of the sales tax by multiplying $17 by 4%:
$17 * 0.04 = $0.68
Next, add the amount of the sales tax to the original price of the item to find the final price:
$17 + $0.68 = $17.68
So, $17.68 is the final price you need to pay.
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1. a transaction to record merchandise purchased with a trade discount would include a debit to merchandise discount. TRUE OR FALSE
Answer:
true
Explanation:
..........................
You are a senior consultant for McKinsey & Company and you are based out of the Chicago office. You have several clients in Los Angeles that demand regular on-site visits. You have a significant amount of family in the LA area, so you often host diners for your family while working on-site and charge the diners to your corporate account as an entertainment expense. What type of conflict of interest is most illustrated within this scenario?
Group of answer choices
A. Moonlighting.
B. Misusing employer's property.
C. Post-employment.
D. Misuse of inside information.
The correct option is B, The type of conflict of interest most illustrated within this scenario is Misusing employer's property.
Employer's property refers to any type of tangible or intangible assets owned by an organization or company, such as equipment, tools, intellectual property, real estate, or financial assets. These assets are used by the company to carry out its operations and achieve its business goals. The employer's property is intended to be used exclusively for work-related purposes and is typically subject to certain restrictions and policies. The employer's property is also protected under law, and it is illegal to misuse, damage, or steal these assets.
Employees are expected to treat the employer's property with care and respect, and any misuse or damage can result in disciplinary action or even termination of employment. On the other hand, employers are responsible for ensuring that their property is in good working condition, and they should provide the necessary training and equipment to employees to ensure the safe and efficient use of these assets. Overall, the concept of employer's property is an important aspect of workplace culture and helps to ensure that businesses are able to operate effectively and achieve their goals.
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when can the insuere get the answers to unanswered questions
It waived one of its legal rights, which is the right response. An insurer has given up one of its legal rights if it accepts an application with open-ended questions and includes it in the life contract.
The claims the insured makes on the insurance application are referred to as representations. Many of these statements are replies to inquiries about the applicant's insuranceability rights and appropriate fee structure. Your insurance provider may want a statement if you reported the collision so that it can identify who was at fault for the collision. The magnitude of your damages and injuries may also be a concern for the insurance company.
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what is the price elasticity of supply at $4?
The amount supplied has grown by 4% as a result of a 1% increase in the price of goods, according to a price elasticity of supply value of 4.
A moderately elastic supply—one with a price elasticity supply greater than one—occurs when the change in quantity supplied exceeds the change in price. An example might be a product that is simple to produce and sell, like a fidget spinner.
The degree to which quantity supplied is responsive to a change in the commodity's own price is referred to as supply elasticity. It can also be calculated by dividing the percentage change in price by the percentage change in amount supplied.
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Country A experienced a growth rate of real GDP per person of 2.5 percent per year throughout the 1900's. In view of other countries' experiences during this time country A's growth was a. moderately low. b. exceptionally low. C. exceptionally high.d. moderately high.
D) A's growth is Moderately high in view of other country.
In the 1900s, a growth rate of 2.5 percent per year in real GDP per person was considered to be a moderately high rate of growth. During this time, many countries were experiencing significant economic growth and development, with some countries seeing much higher rates of growth than 2.5 percent per year.
However, 2.5 percent is still a positive rate of growth and indicates that the economy is expanding and the standard of living is increasing.
It's important to note that the global economic conditions, technological advancements, and government policies all play a role in determining a country's growth rate, and what is considered high or low growth can vary depending on these factors.
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which of the following is an example of raw data from an automobile manufacturer? group of answer choices an average of 120 subarus sold daily in new york in 2016 1,200 subaru outbacks sold during the first quarter 2016 in new york one subaru outback sold july 27, 2016 in mohegan lake, new york for $24,000 annual sales of subaru outbacks increased 5.3 percent an average sale price of $25,500 for all subaru outbacks sold during july 2016 in mohegan lake, new york
Option 2 is Correct. One Subaru Outback was sold for $25,000 on January 7, 2017, in Mount Kisco, New York.
Every organization has an information value chain where raw data is methodically collected, manipulated, and put through additional processes to create value. As a result, the term "data processing" refers to the act of turning raw data into information.
In most cases, the term "raw data" refers to data tables with each row containing an observation and each column denoting a variable that characterizes a characteristic of each observation. This type of data is also known as flat data, primary data, atomic data, clean data, and unit record data. Raw data is a term that is sometimes used to describe unprocessed data.
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Correct Question:
Which of the following is an example of raw data from an automobile manufacturer? group of answer choices
1. an average of 120 subarus sold daily in new york in 2016 1,200
2. subaru outbacks sold during the first quarter 2016 in new york one subaru outback sold july 27, 2016 in mohegan lake,
3. new york for $24,000 annual sales of subaru outbacks increased 5.3 percent
4. an average sale price of $25,500 for all subaru outbacks sold during july 2016 in mohegan lake, new york.
total manufacturing costs incurred during the year do not include:
The total manufacturing costs incurred during the year do not include Direct labor
The expenses incurred during creation of a product are known as manufacturing costs. Direct material and manufacturing overhead expenditures are included in these expenses. Normally, the costs are shown as separate line in the revenue statement. These expenses are incurred by an organization during the production process.
Materials, labor, and overhead are the three main key areas of costs in the manufacturing industry.
"Total manufacturing costs incurred during the year do not include: * O Direct labor. Depreciation of machinery. O Direct materials used. Factory supplies used. Goods in process inventory, beginning balance."
Hence, Depreciation of machinery is not included in total manufacturing costs incurred during the year.
Therefore, the correct answer will be option (a)
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The given question is incomplete, the complete question is:
Total manufacturing costs incurred during the year do not include:
A. Direct labor.
B. Depreciation of machinery.
C. Direct materials used.
D. Factory supplies
jose wants to buy a new large screen tv. the electronics has a special on the model he wants and offers same-day delivery if he uses his store rewards card. an online retailer is offering the same, and if he uses their credit card, he can get 10%off. why might jose have decided to buy from the electronics store when the same tv available for less money from the online retailer? brainly
Examples of IMC help for sales promotions include: Weekly e-mail messages to consumers informing them about the week's sales, exclusive offers, and coupons. Promotional information on a Web website online informing customers about the availability of a rebate or different special offer.
What is an example of IMC marketing?One of the most impactful integrated marketing communications examples is GoPro: Be a Hero campaign. The video digital camera brand used to be searching to create content that associated to people no depend who they were. The initial idea, however, was focused at excessive professional athletes.
The 4P's make up the ordinary advertising mix and it includes Product, Place, Price and Promotion
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https://brainly.com/question/30389494#SPJ4The Capital Asset Pricing Model (CAPM) is a financial model that assumes returns on a portfolio are normally distributed. Suppose a portfolio has an average annual return of 14. 7% (i. E. An average gain of 14. 7%) with a standard deviation of 33%. A return of 0% means the value of the portfolio doesn’t change, a negative return means that the portfolio loses money, and a positive return means that the portfolio gains money. (a) What percent of years does this portfolio lose money, i. E. Have a return less than 0%? (b) What is the cutoff for the highest 15% of annual returns with this portfolio?
a) in about 32.8% of years, this portfolio will have negative return. b) 15% of the returns will be 48.9% or higher.
The relationship between systemic risk, or the general dangers of investing, and expected return for assets, particularly equities, is described by the Capital Asset Pricing Model (CAPM). A linear link between the needed return on an investment and risk is established by this financial model. The basis of the model is the relationship between the beta of an asset, the risk-free rate (often the interest rate on Treasury bills), and the equity risk premium, or the expected return on the market less the risk-free rate. The CAPM was created to quantify this systematic risk. It is frequently used in the financial industry to value hazardous securities and calculate projected returns for assets given their risk and cost of capital.
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According to Lewis, the Oakland A’s seem to have discovered an opportunity in the market for baseball players. Why did this opportunity exist? Why had no other teams learned about it? How could apparently false beliefs about the value of players persist? (the question is from the book moneyball)
The Oakland A's discovered that there was an opportunity in the market for baseball players because they were undervalued by other teams. This was due to false beliefs that had persisted in the baseball industry.
Teams believed that the value of players was based on their traditional stats such as batting average and home runs, when in fact the players’ value was based on their ability to get on base, something that traditional stats did not measure.
This false belief of the value of players had persisted for so long because teams had become comfortable with relying on traditional stats and had become complacent in their evaluation of players. The Oakland A's were able to exploit this opportunity by analyzing players based on new metrics that measured their ability to get on base and by finding players who had been overlooked by other teams.
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Q 4. 25: in december 2018, connoisseur catering provides all the food, drinks, and waitstaff for ace industries' annual holiday party. Connoisseur's total expenses related to this job are $9,000. Connoisseur bills ace $15,000 for the job but does not receive payment until january 15, 2019. Connoisseur opts to record all revenues and expenses related to this job on a cash basis rather than an accrual basis. In this scenario, connoisseur will show
In this scenario, the connoisseur will show a revenue of $15,000 and an expense of $9,000 in 2018, as they recorded the transaction on a cash basis.
On a cash basis of accounting, transactions are recorded when the cash is received or disbursed, rather than when the goods or services are provided. In this case, Connoisseur Catering provided the food, drinks, and waitstaff for Ace Industries' annual holiday party in December 2018. However, they did not receive payment until January 15, 2019. Therefore, under the cash basis of accounting, Connoisseur Catering will recognize the $15,000 in revenue in its financial statements for 2018, when the payment was received. They will also recognize the $9,000 expense in their financial statements for 2018 when the payment was made.
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the measurement phase of the RMS, must one be able to calculate with precision the probability of an event and its consequences before its risk can be managed? Why or why not?
Compare and contrast "prevention" with "mitigation."
List each of the three risk assessment questions and describe the form of their answers (i.e., what would the answer look like).
The three risk assessment questions are: What is the probability of an event occurring? What are the potential consequences of the event? What can be done to reduce the probability or consequences of the event?
The answers to these questions will vary depending on the situation, but generally the answers will include an estimate of the probability of the event occurring, an assessment of the potential consequences, and a list of strategies to reduce the probability or consequences of the event.
The measurement phase of the Risk Management System (RMS) is an important step in the process of managing risk. It involves assessing the probability of an event occurring and the potential consequences of that event.
While it is important to have an understanding of the probability of an event and its potential consequences, it is not necessary to be able to calculate the probability with precision in order to manage risk.
Prevention and mitigation are two strategies used to manage risk. Prevention involves taking steps to reduce the likelihood of an event occurring, such as implementing safety protocols or conducting regular maintenance.
Mitigation involves taking steps to reduce the impact of an event, such as having a backup plan or having insurance in place.
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Which of these data are not used to populate CRM and DBM platforms within sport organizations?a. organizational mission and value statementsb. customer complaints and concernsc. purchase historyd. customer demographic information
A) Organizational mission and value statements are not typically used to populate CRM and DBM platforms within sports organizations(A).
CRM (customer relationship management) and DBM (database marketing) platforms are used by sports organizations to store, manage and analyze customer data in order to improve customer service, increase customer loyalty and drive sales.
The types of data typically used to populate these platforms include customer demographic information, purchase history, customer feedback, web analytics and other relevant data. The mission and value statements of the organization are not typically used to populate these platforms as they are not directly related to the customer.
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The rate at which someone can exchange currency of one country for currency in another country is known as the _____________.A)Nominal exchange rateB)Real exchange rateC)False exchange rateD)exchange rate
The rate at which someone can exchange currency of one country for currency in another country is known as the option D) exchange rate.
Goods and facilities can be exchanged using money. Currency is defined as a unit of account that is provided by a government and is acknowledged at face value. When bartering, products and facilities were simply exchanged for one another.
A currency's relative importance stated in a different currency or collection of currencies is called an exchange rate. The rate upon which a currency is traded for another one is known as the exchange rate. The majority of exchange rates are characterised as drifting and fluctuate in response to market supply and demand.
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the blank______ is a private, nonprofit organization for domestic disputes that disputing parties can use if their contract does not specify how to select an arbitrator.
Whereas if parties' agreement somehow doesn't indicate methods to choose an arbitration, the contesting stakeholders may opt for the privately, nonprofit American Arbitration Association.
With arbitration, problems are brought before a private, non-governmental party who is chosen in accordance with the rules set forth in the law or the parties' accords seeking resolution.
binding arbitration clause A statement in a collective bargaining agreement that stipulates that any conflicts relating to it should be resolved through arbitration.
negotiation that solves issues The pursuit of a mutually beneficial outcome during negotiations.
submit understanding A legal agreement that specifies arbitration as the preferred method of resolving a particular problem . A judge's ruling reached after a brief trial which is not binding.
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The economist who stressed the importance of innovation in the process of economic growth is
a) Joseph Schumpeter.
b) Karl Marx.
c) Thomas Malthus.
d) David Ricardo.
e) Adam Smith.
The economist who stressed the importance of innovation in the process of economic growth is Joseph Schumpeter. So, The correct answer is option A.
Schumpeter was an Austrian-American economist who is best known for his work on the role of innovation in economic development.
In his landmark book "Capitalism, Socialism, and Democracy," Schumpeter argued that innovation was the driving force behind economic growth. He believed that entrepreneurs and businesses were the key agents of change, and that their pursuit of profit through innovation was what generated economic growth and prosperity.
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When new-to-the-world products are better, faster versions of existing products that target, for the most part, existing customers, it is said that these products are ___________.A. Neo innovationsB. Subtle innovationsC. Left-handed innovationsD. Sustaining innovationsE. None of these
Option - D : When new-to-the-world products are better, faster versions of existing products that target, for the most part, existing customers, it is said that these products are Sustaining innovations .
When a business develops better-performing products to market to its most profitable clients for bigger profits, it is engaging in sustained innovation. Sustaining innovation is typically a tactic utilised by businesses that have already found success in their markets.
In order to satisfy demand and integrate new technology, mobile phone manufacturers (such as Apple, Samsung, Huawei, Amazon, LG, etc.) offer updated and improved products on a yearly basis. The smartphone market is one example of sustaining innovation.
A sustaining innovation enhances already-available goods. It improves existing markets with better value rather than creating new ones or value markets, allowing businesses to compete against one another's continual advancements. New products and services, new distribution channels, new support and manufacturing technology, or geographic expansions are typical instances of sustaining innovation. Sustainable innovation entails purposeful modifications to a company's goods,
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bob believes that earth is flat. he has joined several online organizations that share his views and spends time watching online videos that provide evidence to support his view of a flat earth. his use of the internet has strengthened his views as a result of
His use of the internet has strengthened his views as a result of social contagion.
What is social contagion?
The imitation and conformity-based transmission of concepts, viewpoints, or behavioral patterns within a group. Social contagion is significantly impacted by the user interface's message exposure position. Since the late 19th century, social scientists have studied the phenomena, albeit precise definitions have varied because most of the research on the topic was based on ambiguous or even contradictory ideas about what social contagion is. In general, social contagion is thought to be distinct from the group behavior that happens as a direct result of social influence.
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the thompson spring company has developed a separate marketing strategy for each of the industries that uses its products. these industries include makers of machine tools, bicycles, surgical devices, telephones, and missile systems. this provides an illustration of segmentation on the basis of: a. type of buying situation. b. the structure of procurement. c. product application. d. key decision criteria. e. usage rate.
In the given situation this serves as an example of (C) product application-based segmentation.
What is product application?Product Application refers to any official application owned by a Party to the proper GRB pursuant to applicable laws that seeks clearance to manufacture, market, and sell the Finished Products within a given country or territory, including any Abbreviated New Drug Application.
Say a business is releasing a new item, a GPS-enabled dog collar.
To make sure the collar satisfies consumer needs and stands out in the competitive collar market, a product marketer has already worked on user and market research.
Therefore, in the given situation this serves as an example of (C) product application-based segmentation.
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sara files a suit in a state court against tech innovations inc. the parties are allowed to file litigation-related documents with the court online for their state. this is considered:
The parties are permitted to submit court-related paperwork online to the court for their state when Sara sues tech innovations inc. in a state court. An electronic court filing system is what this is.
What are documents pertaining to litigation?a system that is independent of courts or other organizations for the management and exchange of litigation-related documents Users can upload litigation-related materials for online case folders so that they can share documents with other parties to a dispute or other users.
What types of court documents are there?The materials submitted in connection with a court case are referred to as court documents. Dockets, pleadings, motions, memoranda, briefs, orders, and expert evidence are a few examples of court papers. Not all cases will contain all of these illustrations.
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what will a healthcare facility compliance plan not do? a. provide a means to report erroneous or fraudulent conduct. b. send a signal to employees that compliance is a priority. c. show that the facility is making a good faith effort to submit claims appropriately. d. prevent medicare audits.
Regulatory compliance in Healthcare is about a clinical association's adherence to laws, guidelines, regulations, and specs relevant to its business processes. Infringement of regulatory compliance in many instances brings about felony punishment including federal fines.
What are the kinds of compliance in healthcare?Healthcare compliance covers severa areas including, but no longer restricted to, patient care, billing, reimbursement, managed care contracting, OSHA, Joint Commission on Accreditation of Healthcare Organizations, and HIPAA privacy and safety to identify a few. Healthcare compliance is not a new concept.
Healthcare compliance refers to following all the rules, regulations, and legal guidelines of the healthcare system. Healthcare compliance normally includes three principal areas: patient safety, patient privacy, and billing of services.
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https://brainly.com/question/8424523#SPJ4by matching revenue earned during the accounting period to related incurred expenses,
Answer: net income or loss will be properly reported on the income statement.
The accounting rules prescribed that there should be match between the earning of revenue and the incurrence of expenses. That is, to record the amount of revenue at the time these are earned, regardless of these are collected or not, and to record the amount of expenses at the time these are incurred, regardless of these are already paid or not. These amount are both reported in the income statement.
In order to appropriately reflect net income or loss on the income statement, (A) revenue received during the accounting period will be matched with pertinent incurred expenses.
What is revenue?Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations.
Sales or turnover are other terms used to describe commercial revenue.
Some businesses make money from royalties, interest, or other fees.
As in "Last year, Company X had revenue of $42 million," the term "revenue" can refer to either general income or the sum of money earned during a specific period of time.
The general definition of profits or net income is total revenue less total expenses for a specific time period.
Net income or loss will be accurately represented on the income statement by matching revenue collected during the accounting period to relevant incurred expenses.
Therefore, in order to appropriately reflect net income or loss on the income statement, (A) revenue received during the accounting period will be matched with pertinent incurred expenses.
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Complete question:
By matching revenue earned during the accounting period to related incurred expenses,
a. net income or loss will be properly reported on the income statement
b. net income or loss will always be overestimated
c. net income or loss will not be determined
d. net income or loss will always be underestimated