which one of the following parties are not considered stakeholders of a firm? A. Employee B. Government C. Competitors D. Suppliers E. Customers

Answers

Answer 1

A) Employees are not considered as the stakeholder of a firm.

Stakeholder:

A stakeholder is a party that has an interest in the company and can influence or be influenced by the business. The main stakeholders of a typical company are investors, employees, customers and suppliers.

Internal Stakeholder :

Interest in corporate social responsibility grew, the concept was expanded to include communities, governments, and industry associations people who have employment, property or investment.

External Satkeholder:

External stakeholders are those who do not work directly with the organization, but are in some way affected by the organization's actions and results. Suppliers, creditors and public groups are all considered external stakeholders.

Example:

In the event of a company insolvency and bankruptcy, the repayment of capital investments will be prioritized among various parties. Secured creditors come first, followed by unsecured creditors, preferred shareholders, and finally common stock holders (who rather get pennies for their dollars). This example shows that not all stakeholders have the same status or privileges. For example, an employee of a bankrupt company can be fired without any severance pay.

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Related Questions

The technical data regarding a hazardou chemical hall be determined by:
Data from work-ite teting
Data from the manufacturer
Data from the upply tore
Data from the local fire department

Answers

The technical data regarding a hazardou chemical hall be determined by Data from the manufacturer.

How are chemicals determined to be hazardous?Hazardous chemicals are those that have the potential to endanger human health or safety. Chemical hazardous chemicals may be poisonous, explosive, flammable, self-reactive, oxidising, or corrosive depending on their qualities.The maker or importer of the chemical must choose the danger classes and, when applicable, the category of each class that relate to the chemical being categorised for each chemical.Check the product's container label and/or the SDS, both of which are available from the seller, to determine whether a material is harmful. A SDS is not necessary and may not be provided if a product is not categorised as a hazardous chemical under the Work Health and Safety Act of 2011.

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According to the Code of Professional Conduct of the AICPA, for which type of service may a CPA receive a contingent fee?
a. Performing an audit of a financial statement.
b. Performing a review of a financial statement.
c. Performing an examination of a prospective financial statement.
d. Seeking a private letter ruling.

Answers

A tax return, a tax return modification, or a claim for a tax refund can all be prepared while performing an evaluation of projected financial information.

Any agreement made at the beginning of an engagement that provides that the audit firm will be paid a predetermined sum, a specified commission on, or a specified percentage of any consideration or savings upon the occurrence of a specific event or the achievement of an outcome is known as a contingent fee basis (or alternative outcomes). Advice and Planning on Taxes. CPAs are qualified to represent you in front of the IRS in the event of an issue or audit as well as to respond to any inquiries from state or municipal tax boards. Management and consulting, auditing, and assurance services.

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FILL IN THE BLANK. a(n) _____ dilemma is a situation in which you have to decide whether to pursue a course of action that may benefit you or your organization but that is unethical or even illegal.

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An ethical dilemma is a situation in which you have to decide whether to pursue a course of action that may benefit you or your organization but that is unethical or even illegal.

As unpleasant as it may be to face, the statistics suggest that you’re likely to encounter an ethical dilemma in the workplace. According to the Ethics & Compliance Initiative’s 2018 Global Benchmark on Workplace Ethics, 30% of employees in the U.S. personally observed misconduct in the past 12 months, a number close to the global median for misconduct observation. Recent headline-making ethical issues, particularly those tied to discrimination and sexual harassment, have brought unethical conduct in the workplace to the forefront of the conversation. While greater awareness has led to a larger discussion on certain unethical behaviors when you encounter unethical behavior in your own workplace, you’re then faced with an ethical dilemma of your own—what actions should you take?

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The marketing program part of the planning phase of the strategic marketing process includes which of these? Multiple Choice developing a mission statement market segmentation analyzing the competitors developing the budget exploiting positive deviations

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One of the marketing program part of the planning phase of the strategic marketing process is called as market segmentation. It has a function to analyze the market of a product in the planning process.

In economic and business, Product strategy generally can be described as the high-level plan for developing and marketing a product. Beside that, product strategy also can be described as how the product supports the business strategy and goals, and is brought to life through product roadmaps. There are four major elements of business strategies, such as customer, competitors, macro environment, and also market. Beside that also there are several types of business strategies, such as comparative business strategies, differentiation business strategies, and segmentation business strategies.

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The following information was extracted from the accounting records of Manufacturing​ Company: What was the cost of goods​manufactured? a) 129,500 b) 182,000 c) 124,000 d) 162,000

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129,500  was the cost of goods ​manufactured. Calculating a company's entire production expenses during a given time period results in the cost of items manufactured.

Additionally, it includes all costs associated with production items, storing them as inventory, and marketing them for sale. The cost required to convert raw materials inventory into finished goods inventory during a predetermined time period is referred to in accounting as the Cost of Goods Manufactured (COGM). The Cost of Goods Manufactured is determined and then recorded in the Finished Goods Inventory account when all the calculations required to determine the Cost of Goods Manufactured for a year have been completed.

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G West Company borrowed $30,000 on September 1, Year 1 from the Valley Bank. West agreed to pay interest annually at the rate of 5% per year. The note issued by West carried an 18-month term. Based on this information the amount of interest expense appearing on West's Year 1 income statement would be:

Answers

As a result, $1,000 in interest expenditure will be shown on West's income statement for the first year.

What is interest?

Interest is the amount paid over and above the original amount to a lender or depositor by a borrower or deposit-taking financial institution at a predetermined rate in the domains of finance and economics (the amount borrowed).

It differs from any fees the borrower may be required to pay to the lender or another party.

It also contrasts with a dividend, which is cash distributed to shareholders (owners) by a corporation from its profit or reserve, but not at a predefined rate or proportionally; rather, it is a portion of the reward gained by risk-taking businessmen when revenue is made that surpasses all expenditures.

West Company borrowed $50,000 from Valley Bank.

Interest is paid yearly at a rate of 6%.

Time is measured from September 1 to December 31.

Four months:

The duration of the note that West issued was 18 months.

Therefore,

Interest expense = Principal amount × Rate × Time period

                            = $50,000 × 6% × (4 ÷ 12)

                            = $50,000 × 0.06 × (1 ÷ 3)

                             = $1,000

Therefore, as a result, $1,000 in interest expenditure will be shown on West's income statement for the first year.

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Complete question:

On September 1, Year 1, West Company borrowed $50,000 from Valley Bank. West agreed to pay interest annually at the rate of 6% per year. The note issued by West carried an 18-month term. West Company has a calendar year-end. What is the amount of interest expense that will be reported on West's income statement for Year 1?

Multiple Choice

A. $0

B. $1,000

C. $300

D. $750

12-year-old boy took his radio-controlled model airplane to the park to show his friends the stunts he could do with it. the weather that day was rainy, and the instruction manual for the plane warned against flying it in the rain, but the boy was able to get the plane off of the ground. however, because of the rain, he had trouble controlling it with the transmitter. he tried to have the plane make a loop, but it veered off course and crashed through the fabric roof of a convertible, which was parked nearby on the street. the car owner sued the boy for damages through his guardian and the jury found in favor of the car owner. what is the likely explanation for the jury's decision?

Answers

The jury said that it was the fault of the boy as it was his responsibility to fly the plane properly and checking every little parts of the plane and the controller.

What is a Transmitter?

A transmitter is an electrical component used in telecommunications to generate radio waves that are then utilised by an antenna to broadcast or transfer data. The antenna receives an application of radio frequency alternating current from the transmitter, which radiates it as radio waves. Depending on the standard being used and the type of device, there are many different sorts of transmitters. For instance, many contemporary gadgets with communication capabilities have transmitters like Wi-Fi, Bluetooth, NFC, and cellular.

In order to meet a specific communication need, whether it be for voice or general data, transmitters are tools that communicate data as radio waves in a particular region of the electromagnetic spectrum.

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At what wage level there will be no unemployment or labor shortages in the labor market?.

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At $15 an hour, there won't be any unemployment or a shortage of workers in the market. Option E is right as a result.

What is mean by no unemployment?At $15 an hour, there won't be any unemployment or a shortage of workers in the market. Option E is right as a result.The consumer's demand or the price of the goods on the market can both be included in the demand curve. Due to lower employment of employees at higher costs, there has been a negative curve of worker demand in relation to wages. Since there hasn't been an excess of labour demand, $15 has been identified as the equilibrium point. Therefore, there haven't been any unemployment issues or worker shortages in the $15/hr labour market. Option E is right as a result.

The complete question is

At what wage level there will be no unemployment or labor shortages in the labor market?

$30

$25

$20

$10

$15

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Draw a PPF for The Federated States of Econesia (FSE) which can produce 1,000 diamonds if it devotes all resources to diamond production or 4,000 automobiles if it devotes all resources to automobile production. There is an increasing opportunity cost of producing each good.
a) Draw a point "A" on your graph indicating the production of 500 diamonds and 2,000 automobilies.
b) Draw a point "B" on the graph that would be an autarky equilibrium point. Be sure to add all information to help someone else realize that this is an autarky equilibrium point
. c) Draw a point "C" on the graph that lies along the same CIC as point A. Label this CIC0.
d) Now the FSE opens to international trade. Start a new graph for part d) to avoid some clutter; be sure to label point B on your graph. Assume that FSE has a comparative advantage in producing diamonds. Label a point "D" on your graph showing where the country would produce. Show exports and imports on your graph along with a new CIC′ curve for utility after trade.

Answers

a) To draw point A on the graph, start by plotting the two extremes where all resources are devoted to producing either diamonds or automobiles. Then plot a point at the midpoint between these extremes, where the production of both goods is equal to 500 diamonds and 2,000 automobiles. This is point A.

b) To draw point B, find the point on the PPF where there is no production of one of the goods, such as diamonds. The point where the country produces only automobiles is the autarky equilibrium point, which represents the best the country can do without trade. Label this point B.

c) To draw point C, find a point on the same indifference curve (CIC) as point A, which represents a combination of goods that provides the same level of utility as point A. Label this CIC0.

d) On a new graph, draw the autarky equilibrium point B. Assume that FSE has a comparative advantage in producing diamonds, so it will specialize in producing diamonds and trade for automobiles. Label a new point D on the graph, which represents the production after trade. The difference between the old production (point B) and the new production (point D) represents the exports and imports of the country. Draw a new CIC′ curve to represent the increased utility after trade.

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Are service operations with a high degree of customer contact more or less difficult to control than those with a low degree of customer contact?

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Service operations with a high degree of customer contact are generally more difficult to control than those with a low degree of customer contact. This is because customer contact involves a much greater degree of variability and unpredictability.

The customer's expectations, needs, and preferences can vary greatly, making the operation more difficult to plan and manage. Additionally, the customer's interactions with the service personnel can significantly affect the outcome of the service experience, making it more difficult to control. Furthermore, when customers are directly involved in the service process, it often requires a more personalized and customized approach, which can be difficult to control and manage.

Lastly, the human element of customer interaction is difficult to control, as it is difficult to predict how customers will react and behave.  Overall, service operations with a high degree of customer contact require a greater degree of flexibility, responsiveness, and customization, making them more difficult to control. Additionally, customer expectations and interactions are difficult to predict and manage, further complicating the control process.

For these reasons, service operations with a high degree of customer contact tend to be more difficult to control than those with a low degree of customer contact.

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determine whether each statement reflects positive analysis or normative analysis. a. the richest 1 % of americans should pay more taxes than the remaining 99 %. normative analysis positive analysis b. a decrease in the supply of coconut will increase the price of german chocolate cake, a good that requires coconut shavings as a key ingredient. normative analysis positive analysis c. as the minimum wage increases, the prices of all goods and services also tend to increase. positive analysis normative analysis d. social welfare spending in sweden occupies too large a portion of the national budget. positive analysis normative analysis

Answers

(a) The statement a reflects normative analysis. (b) The statement b reflects positive analysis. (c) The statement c reflects positive analysis. (d) The statement d reflects  normative analysis.

What is normative analysis?

Normative statements are prescriptive, value-based statements, according to economists. Normative claims typically have factual backing, but they do not stand alone as facts. Rather, they take into account the viewpoints, underlying principles, and standards of the individuals making the remarks. The process of recommending a course of action or adopting a specific stance on a subject is known as normative analysis. One can disagree with a normative statement by questioning the reliability of the supporting evidence used to establish the value judgment or by contesting the validity of the normative conclusion itself. Since there is no objective right or wrong when it comes to normative assertions, the issue becomes murkier.

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Establish the correct sequence of steps in the accounting measurement process. a. Record in a systematic fashion b. Identify relevant economic activity c. Quantify economic activity Select one: O ACB O СВА O CAB O BCA O ABC O BAC

Answers

O ABC. Determining the monetary value of an economic activity entails measurement, a fundamental accounting concept.

In the accounting process, which involves calculating the monetary value of economic activity, measurement is an important stage. Finding the relevant economic activity, which is any transaction or occurrence that has an effect on the organization's finances, is the first step in the measuring process. The economic activity is then quantified, or given a monetary value. Finally, the data is systematically recorded, typically in a ledger or other accounting records. Financial data used to create financial statements like the balance sheet and income statement is the end product of the measurement process. Management, investors, and other stakeholders utilise these statements as a quick picture of an organization's financial condition and performance to make defensible decisions.

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How effectively do employees generate revenue?

Answers

Answer:

To calculate a company's revenue per employee, divide the company's total revenue by its current number of employees.

Explanation:

which of the following is not one of the three guidelines for refining costing systems? answer identify cost-allocation bases that have cause-and-effect relationships create homogeneous indirect-cost pools identify fixed and variable costs increase direct-cost tracing

Answers

The following is not one of the three guidelines for refining costing systems Identifying cost-allocation bases that have cause-and-effect relationships.

What does "refined costing system" mean?

reduces the use of general averages when determining the cost of resources to be applied to cost objects (like jobs, goods, and services) and provides a better-measuring system of the expenses of indirect assets used by various cost objects, regardless of how differently those various cost objects use implied resources.

One of the three rules for improving costing systems does not include the following. identifying the bases for cost allocation that are related to outcomes.

Therefore, Refining a costing system refers to making adjustments to one that uses less broad averages to determine the cost of resources for each cost object.

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How do you fix resource busy and acquire with Nowait specified or timeout expired?

Answers

By changing the DDL LOCK TIMEOUT parameter in your session, you can extend the timeout. When this is changed, Oracle will delay returning the error "ORA-00054: resource busy and acquire with NOWAIT provided" until the new TIMEOUT has been reached. 

Personal interests are pastimes that a person enjoys. They can consist of endeavours in learning, athletics, artistic expression, leisure time, volunteering, cultural activities, spiritual practices, traditional activities, and self-improvement. These include innovation, critical thinking, problem-solving, decision-making, the capacity for communication and collaboration, as well as social and personal responsibility that promotes good citizenship. These are all crucial 21st-century skills for success, both for successful individuals and for healthy societies. Hobbies are defined as leisure activities that are performed for fun. However, interests are the feelings or emotions that a person experiences. Curiosity about a specific thing or person is sparked by these emotions.

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Alternative price indexes
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP deflator for this year is calculated by dividing thevalue of all goods and services produced in the economy this year using this year's prices by thevalue of all goods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and servicesbought by consumers .
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Check all that apply.
Scenario
Shows up in the...
GDP Deflator
CPI
An increase in the price of a Chinese-made phone that is popular among U.S. consumers
A decrease in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep-sea fishing

Answers

The GDP deflator is a measure of inflation that takes into account the prices of all goods and services produced in the economy, while the CPI reflects only the prices of all goods and services bought by consumers.

Each price index gives a different perspective on inflation and is used to better understand the changes in prices in the economy over time.

The concept of alternative price indexes is that there is not one single measure of inflation, and the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the Consumer Price Index (CPI) and the GDP Deflator.

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entrepreneurs generally think differently about resources than do employee-managers in which of the following ways? a. managers want larger budgets; entrepreneurs work to do more with less. b. managers take on risk personally; entrepreneurs can offload the risk to equity investors. c. managers prefer bootstrapping; entrepreneurs tend to use only their own resources. d. managers tend to barter for resources; entrepreneurs prefer cash transactions.

Answers

Managers tend to view resources differently than employee entrepreneurs in that the latter strive to accomplish more with smaller expenditures.

While an employee works for a company, an entrepreneur starts their own firm. The tendency to operate creatively, strategically, intuitively, and on the lookout for new chances is known as entrepreneurial resources.

A mentality known as entrepreneurial thinking embodies the qualities of bold thinkers with audacious objectives. These business owners develop iterative plans based on data. They experiment with different strategies and think beyond the box.

In other words, those that exhibit entrepreneurial thinking explore outside of their organization's comfort zone for fresh chances to make a significant difference in the world.

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Included/Excluded: an accountant starts a client's 2020 tax return on april 14, 2021, finishing it just before midnight on april 15, 2021.

Answers

Due to the accountant's services being rendered in 2021, the tax return is not included in the US GDP for 2020 but rather for 2021.

Who is a tax return?

A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data. Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required. For an individual or business having a reportable income, such as wages, interest, dividends, capital gains, or other earnings, tax returns must typically be filed annually. In the United States, tax returns containing data necessary to compute taxes are filed with the Internal Revenue Service (IRS) or with the state or local tax collecting agency (Massachusetts Department of Revenue, for instance). The IRS or another applicable authority's forms are typically used to complete tax returns.

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Identify the problem you are trying to solve or the information you are trying to convey, and then develop a strategy to address that need? -Persuasive
-Audience oriented
-Purposeful
-Economical

Answers

The correct option is C. Purposeful of the problem you are trying to solve or the information you are trying to convey, and then develop a strategy to address that need.

Business facts are records that hold means, value, or significance for your enterprise. it might consist of any reports, spreadsheets, metrics, regulatory reporting, internet pages, files, dashboards, and so on that match the definition of getting which means, fee, or importance to your enterprise.

Precise information is that that's used and which creates a fee. experience and research suggest that precise records have several qualities. suitable facts are applicable for their reason, sufficiently accurate for their motive, completely sufficient for the trouble, reliable, and focused on the right man or woman. resources of data or evidence are frequently classified as primary, secondary, or tertiary material. those classifications are based on the originality of the fabric and the proximity of the source or beginning.

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based on an analysis of future skills needed, an organization implements two new training courses. what type of intervention is this? answers individual functional task correct organizational

Answers

To increase performance throughout the organization, an organizational intervention aims to alter the organization's design, culture, and/or organizational structure.

What specific competencies and abilities enable a company to develop and carry out its strategies? To increase performance throughout the organization, an organizational intervention aims to alter the organization's design, culture, and/or organizational structure.An organization's ability to think about and carry out its strategies is known as S.W.O.T.Every time a performance issue arises, a requirements analysis should be conducted.The status quo is disrupted and organizational performance is improved through organizational effectiveness interventions.An OED initiative's strategic effects can be seen in changes in the retention rate of high-value personnel.The ability to express their feelings to supervisors, HR representatives, and even management must be safe for workers.Establishing appropriate communication channels is crucial, but so is monitoring, enhancing, and, if necessary, developing new channels.

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my dream is to someday be able to claim i have created an innovative product."" you explain to him that he already is innovative. which of the following reasons do you provide? check all that apply.

Answers

Indeed if they want to keep their company small, the Rossi's can still produce innovative products.

The word innovation can relate to any new idea, procedure, or product, not just those developed

What's innovation with illustration?

innovation: This refers to changes made to make a process more effective a new idea, system, or device novelty. the preface of commodity new. For illustration, assembly lines were a advance in manufacturing. Business model invention This is when you transfigure business operations. Lift- participating platforms, similar as Uber or Lyft, are an illustration of this.

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magdalen, miriam, and mary june were asked to consider two different cash flows: $500 that they could receive today and $1000 that would be received 3 years from today. magdalen wanted the $500 dollars today, miriam chose to collect $1000 in 3 years, and mary june was indifferent between these two options. can you offer an explanation of the choice made by each woman?

Answers

Magdalen chose the $500 today because she values the immediate gratification of having the money now.

Can you offer an explanation of the choice made by each woman?Magdalen: Magdalen opted for the $500 today because she is most likely looking for immediate gratification. She probably values the current availability of the money more than the prospect of receiving more money in three years.Miriam: Miriam chose to wait for the larger amount in three years because she values the potential gain more than the immediate gratification that the smaller amount offers. She is likely looking at the long-term benefits of the option.Mary June: Mary June wasn't swayed by either option, which likely means she is looking for a balance between immediate gratification and long-term gain. She may be weighing the pros and cons of both options and is still undecided.Miriam chose to collect $1000 in 3 years because she values the larger sum of money and is willing to wait to receive it. Mary June was indifferent between the two options because she is not particularly drawn to either option, and she was unable to make a decision.

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the text covers ______ main money management activities.

Answers

Answer:

3

Explanation:

The text covers three main money management activities. They are Storing and maintaining personal financial records and documents, Creating personal financial statements and Creating and implementing a plan for spending and saving.

What is money management?

Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. The term can also refer more narrowly to investment management and portfolio management.

The predominant use of the phrase in financial markets is that of an investment professional making investment decisions for large pools of funds, such as mutual funds or pension plans. Money management broadly refers to the processes utilized to record and administer an individual's, household's, or organization's finances. The term also refers more narrowly to investment and portfolio management. Financial advisors and personal finance platforms such as mobile apps are increasingly common in helping individuals manage their money better.

Poor money management can lead to cycles of debt and financial strain.

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In which of the following situations should you contact support? Check all that apply â  You need help using the site. â  You do not understand why an answer was marked as incorrect, but you have not yet read the explanation â  You are unable to submit your answers

Answers

You do not understand why an answer was marked as incorrect, but you have not yet read the explanation.

Your course key doesn't work.

You find a mistake in an Aplia question.

What is Aplia?

One of the top Cengage learning management systems for college students taking classes in marketing, accounting, business law, finance, statistics, and philosophy is called Aplia. It is intended to be a comprehensive tool that gives students everything they need to succeed. Online assignments, drawn from a range of textbooks, are one of Aplia's main offerings. Your lecturer, the level of difficulty, and the style of the questions you receive on Aplia all affect how you answer them. Quizzes, multiple-choice questions, and free-response questions are all common forms of questions. Regardless of the questions you receive, your instructor wants you to submit accurate Aplia assignment solutions. Prepare yourself appropriately to answer the questions and obtain accurate Aplia accounting answers.

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Consider a production possibilities frontier with corn on the vertical axis and cars on the horizontal. Unusually good weather for growing corn shiftsA) the horizontal intercept rightward and the vertical intercept upward.B) the horizontal intercept rightward but does not shift the vertical intercept.C) the vertical intercept upward but does not shift the horizontal intercept.D) neither the horizontal intercept nor the vertical intercept.

Answers

For the purpose of determining comparative advantage, the opportunity cost of producing one good in comparison to another good is indicated by the slope of the PPF.

What is the The Production Possibilities Frontier?The Production Possibilities Frontier (PPF) is a graph that displays all the possible output combinations of two items that can be produced given the resources and technology currently available. The ideas of choice, scarcity, and tradeoffs are all represented by the PPF.Whether costs are increasing, reducing, or staying the same will affect the PPF's form.The PPF's points serve as examples of combinations of output that are both productive and efficient. Without having knowledge of preferences, it is impossible to establish which locations are allocatively efficient.For the purpose of determining comparative advantage, the opportunity cost of producing one good in comparison to another good is indicated by the slope of the PPF.

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What will a company likely do differently in terms of understanding customers if it is able tosee one customer at a time, remember what each tells the company and treat different customers differently?

Answers

A company will likely personalize its approach to understanding customers and provide individualized experiences if it is able to see, remember, and treat each customer differently.

The ability to see, remember, and treat each customer differently enables a company to understand their individual needs, preferences, and behavior.

By doing so, the company can provide personalized experiences and tailor its offerings to the specific needs of each customer. This can lead to increased customer satisfaction and loyalty, as customers feel that the company values and understands them as individuals.

Additionally, personalized experiences can drive customer engagement and improve customer retention, as customers are more likely to return to a company that provides them with a personalized experience.

Personalizing the approach to understanding customers requires advanced technologies, data management capabilities, and a focus on customer-centricity, but it can lead to significant benefits for the company and its customers.

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what does assurance mean in the financial reporting context? who are the three parties relevant to an assurance engagement

Answers

Assurance in financial reporting context refers to the professional opinion given by an independent third party, known as an assurance provider, on the accuracy, reliability and fairness of a company's financial information.

In simple words, assurance is a form of independent verification that provides confidence to the users of financial information, such as investors, regulators, and the public, that the financial statements of a company are free from material misstatements and errors.

The three parties relevant to an assurance engagement are:

The Assurance Provider: This is an independent professional, such as an auditor or a chartered accountant, who performs the assurance engagement. The assurance provider provides a professional opinion on the financial statements of the company.The Company: This is the entity whose financial information is being assured. The company is responsible for providing accurate financial information to the assurance provider.The User: This is the party who relies on the financial information, such as investors, regulators, and the public. The user relies on the assurance provider's opinion to make informed decisions about the company.

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a budget doesn’t tell you not to spend. a budget actually

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A budget does not tell you not to spend money. It actually allows you to spend your money on the things which matter the most.

A budget is a financial plan that outlines how much money you have coming in and going out each month. By creating a budget, you are taking control of your finances and deciding ahead of time how you want to allocate your money. This can include allocating funds for necessities like housing, food, and transportation, as well as savings, debt repayment, and discretionary spending.

The purpose of a budget is not to limit spending, but rather to ensure that you are spending your money in purchasing of those things that matter that most to you.

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Complete question

A budget doesn’t tell you not to spend. A budget actually _________ .

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the purpose of using the resource based view (rbv) as part of an internal analysis of an organization is to

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The purpose of using the resource based view (rbv) as part of an internal analysis of an organization is to identify the assets.

The resource-based view (RBV) is a managerial paradigm for determining the strategic resources that a company might use to gain a sustained competitive advantage.

The 1991 article "Firm Resources and Sustained Competitive Advantage" by Barney is largely regarded as a seminal contribution in the development of the resource-based perspective.

However, some scholars[who?] contend that evidence for a fragmentary resource-based paradigm existed as early as the 1930s.

According to RBV, firms are heterogeneous because they have heterogeneous resources, which means that firms can have diverse strategies due to varied resource mixes.

The RBV directs managerial attention to the firm's internal resources in order to discover assets, talents, and competencies that have the potential to create superior competitive advantages.

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Major movie stars are paid millions of dollars per movie, which can take as much as 6 months of full-time work for an actor. By contrast, doctors and nurses earn considerably less over the same time period. Why might this be?.

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This just shows our society values entertainment more than valuable skills that are vital to our communities. This is not only done to the medical field but also teachers, military service members, and first responders. It seems as though these fields are undervalued and underpaid. However, if we didn't have them, we wouldn't be able to thrive and succeed the way we do.

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