Answer:
Documents related to the contract
Explanation:
When a contract is made between parties they usually sign an agreement. The reason to sign an agreement is if one tries to breach the contract they can sue them with prove. In the above scenario, motor Sports Company has sued A-Z sports and alleges that A-Z sports have breached a contract. Under the rules governing discover, the court will permit motor sports to obtain the documents related to the contract.
Ginny was hired by her company because she agreed to work overtime and carry out all tasks assigned to her as per the instructions. She also signed a contract that would terminate her from the company if she was unable to comply with the organization's policies. Given this information, Ginny is most likely part of a(n) _____.
Answer: Traditional work group
Explanation:
The traditional work group is one of the type of group that is composed of different types of people where they all work together for achieving a desired and shared goals.
It is also known as functional team where the specialist sharing a common goals and the various types of technical vocabulary according to the organization policies.
According to the given question, Ginny hired by an organization as he agree for working overtime and she also follows the company policies as she is a part of traditional work group.
Therefore, Traditional work group is the correct answer.
Answer:
the answer is b
Explanation:
A man-made system consisting of people, equipment, organization, policies and procedures with the objective of accomplishing the work of the organization.
A.operations process
B. management process
C. information process
D. planning process
Answer:
A.operations process
Explanation:
Operations process is a production process of an organization where input are transform to output.
its a man-made system where the production teams follows some sets procedures and guidelines, with the use of certain machinery to achieve the desire company products.
this process is being control by a operation manager of the organization.
In a promotion mix, ________ involves personally connecting with carefully targeted individual consumers to both obtain an immediate response and cultivate lasting customer relationships.
A) direct marketing
B) advertising
C) public relations
D) predictive analyticals
E) indirect procurement
Answer: (A) Direct marketing
Explanation:
The direct marketing is one of the type of promotional communication or advertising where the organization directly communicate with the consumer or customers about the product in the market.
By using this technique we can easily promote the company products and the services in the market. It is one of the best technique used by an organization for promoting the goods and the services.
According to the given question, the promotional mix is refers to the direct marketing that helps in maintaining the customer relationship and also obtain immediate response for the product.
Therefore, Option (A) is correct answer.
The business cycle is the a.relationship between unemployment and inflation. b.irregular fluctuations in economic activity. c.positive relationship between the quantity of money in an economy and inflation. d.predictable changes in economic activity due to changes in government spending and taxes.
Answer:
The correct answer is B
Explanation:
Business cycle is the term which is defined as the fall and the rise in the production of the output of services and goods in the economy. These are usually measured or determined by using the fall and the rise in the real GDP (Gross Domestic Product) or the adjusted GDP for the inflation.
So, the business cycle is defined as the irregular fluctuations in the economic activity.
Which of the branches of accounting is primarily concerned with recording, classifying, allocating, and reporting current and prospective costs?
Answer:
Cost Accounting
Explanation:
The branches of accounting that is primarily concerned with recording, classifying, allocating, and reporting current and prospective costs is cost accounting.
Cost Accounting is the collecting, recording, classifying, and appropriately allocating costs of an expenditure; and the categorization and reporting of all such costs either currently and prospectively.
Therefore a broader look at costing means that it entails
Collection of costs which are attributable to products or services
Classification of costs into material, labor or overheads
Recording the costs as they occur to avoid omission
Computation of total costs
Allocation of overhead costs to products and jobs
Reporting the total costs for the period and by extension the standard costs for future periods
According to the FASB conceptual framework, the rele-vance of providing information in financial statements is subject to the constraint of:
a. Comparability.
b. Cost-benefit.
c. Reliability.
d. Faithful representation.
Answer:
B. Cost-Benefit
Explanation:
According to the Financial Accounting Standard Board (FASB) framework, it is important to estimate the cost and benefit of information before deciding the relevance of the information. It decides when to disclose and whether to disclose the information
Once, the cost of such information outweighs the benefits of its disclosure then FASB framework terms it as not relevant.
Cost of Information
Financial reporting through the preparation of financial statements has a cost, these costs include provision, preparation as well as the audit of the information provided. The cost-benefit constraint basically intends to ensure that financial statements are most-effectively and most-efficiently prepared.
Super Sleep Hotel is a single hotel with 150 rooms. During the month of September, the hotel had 3,375 guests, who each stayed a single night. What is the occupancy rate for September?
a. 22.5%b. 4%c. 100%d. 75%
Answer:
d. 75%
Explanation:
Given data from Super Sleep Hotel (a single hotel)
Number of rooms = 150
Number of guest for the month = 3,375
Number of days in September = 30
Total availability of rooms during the period = 30 × 150 = 4500
Occupancy rate is the rate at which the rooms are occupied during the week. It is given by the ratio of the guest to the rooms available.
Occupancy rate = 3375/4500
= 0.75
As a percentage, this is 75%. Option d.
The occupancy rate for Super Sleep Hotel during September is calculated by dividing the total number of guests by the product of the number of rooms and days in September, then multiplying by 100%. The result of this calculation is 75%, making option d the correct answer.
Explanation:To calculate the occupancy rate for Super Sleep Hotel during the month of September, we can use the following formula:
Occupancy Rate = (Total Number of Guests / (Number of Rooms × Number of Days in the Month)) × 100%
Given that the hotel has 150 rooms and there were 3,375 guests in September, and September has 30 days, we can substitute these values into the formula:
Occupancy Rate = (3,375 / (150 × 30)) × 100% = (3,375 / 4,500) × 100% = 0.75 × 100% = 75%
Therefore, the correct answer is d. 75%.
"________ are a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible."
Answer: Services
Explanation:
Services is the term which refers to the non-physical and the various types of tangible parts in our economy.
The services is basically providing the various types of intangible products like consulting, baking, treatment, education and issuance facilities or services.
It is the term which is difficult for identifying as it is associated with the products and the services. It cannot be transported from the given system.
Therefore, Services is the correct answer.
The currency deposit ratio is c 0.10. The reserve requirement rr, is 0.08. the excess reserve ratio ,e is 0.05. what is the size of the money multiplier?
A. 4.70.B. 4.75.C. 4.00.D. 4.78.
Answer: 4.78
Explanation: Money multiplier could be explained as the maximum amount of commercial bank money that can be created given a certain amount of money in the monetary base under a fractional-reserve banking system. I. Other words, the ratio or statistic of commercial bank money you the central bank money.
In this question, money multiplier is calculated using the relation:
M = (1 + c) ÷ (rr + e + c)
Where:
c = currency deposit ratio
rr = reserve requirement
e = excess reserve ratio
M = money multiplier
M = (1+0.1) / (0.08+0.05+0.1)
M = 1.1 / 0.23
M = 4.78
A group of shoe manufacturing firms purchases raw materials collectively from a single supplier to obtain better deals. this is an example of obtaining competitive advantage by ______________. a. establishing alliances b. creating a new service c. locking in customers d. differentiating the industry e. enhancing the products
Answer: (A) Establishing alliances
Explanation:
Alliances is one of the type of business strategy which is used in for maintaining the relationship between the people, states and the group.
The main purpose of alliances is that it helps in balancing the power and also creating the separate business entity in an organization. It is also known as the type of agreement between the people that helps in binding all the joint venture in business.
According to the given question, the above given situation is an example of obtain the competitive advantage by establishing the alliances.
Therefore, Option (A) is correct answer.
The shoe manufacturing firms are obtaining a competitive advantage by establishing alliances. This collaboration between different companies helps them to negotiate better deals with suppliers, leading to a competitive advantage in the industry.
The group of shoe manufacturing firms in your example is obtaining a competitive advantage by establishing alliances. This strategy is a business tactic involving collaboration between different companies with mutual goals to gain more favorable outcomes such as getting better deals on raw materials purchases. This co-operation can provide an upper hand in negotiations with suppliers, which can further lead to cost-efficiency, and thus, a competitive edge in the market.
Typically, the other options like increasing a new service, locking in customers, differentiating the industry, or enhancing the products are also potential strategies for gaining competitive advantage, but they do not apply to this given context wherein the companies are merely combining their purchasing power to get better deals from their supplier.
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Your co-worker Terry is dealing with a lot lately. Usually, he is a productive member of your team, but lately, he's been ill-tempered and even rude to you and the rest of your team. You know that Terry's supervisor scolded him for poor work habits and he got a speeding ticket last week. He also seems worried that he might be fired. You're sympathetic, but his attitude is causing the rest of your team to suffer in terms of morale and productivity. How would you approach Terry about his negative attitude in a positive and non-aggressive way? << Read Less
Explanation:
Identify the root cause: This will eradicate the negativity and make sure it does not turn back.Do not get into argument while conversing: The aggressive nature of Terry needs to moved to calm attitude and this can be achieved only if you show the calmness.Understand their emotions and be empathetic: ill-tempered is on the emotion shown in negative way. So accept and move him in an empathetic approach.Help voluntarily: Lend your ears to Terry's problem and go voluntarily to help him to come out with his negative thoughtsAppreciate: Provide appreciation even if there is a small shift in the attitudeHow do you talk to someone about "negativity" without them thinking you're telling them to be quiet? How can you assist them to recognize that their method is ineffective while still motivating them to speak up? Here are five points for accomplishing this.
The following are the methods to approaching Terry about his negative attitude in a positive and non-aggressive manner:
Find out the main cause of the behavior: This will ensure that the negativity is eradicated and that it does not return.Do not argue while conversing with Terry: Terry's aggressive character needs to be transformed into a calm mindset, which can only be accomplished if you demonstrate tranquilly.Understand and empathize with emotions: Irritability is an emotion that is expressed in a negative way. As a result, accept him and move him in an empathic direction.Volunteer to help: Listen to Terry's situation and go out of your way to assist him in getting rid of his negative ideas.Appreciate: Even if there is only a minor shift in attitude, express gratitude.
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During a concealment investigation, an investigator fails to recognize that an invoice had been forged. This represents a:
1. sampling risk.
2. non-sampling risk.
3. systematic risk.
4.systemic risk.
Answer:
Non-sampling risk
Explanation:
Non-sampling risk happens from an incomplete examination of the available data.
Here investigator fails to recognize that an invoice had been forged. Thus, the data was examined in an incomplete way.
Answer:
B
Explanation:
Non sampling risk
A non sampling risk is a part of audit risk that outcome stems from an incomplete examination of the available data. This results from the failure of an auditor to catch a mistake or a misstatement. This can happen because an evidence was either misinterpreted or procedures were misapplied that were inappropriate.
Factors leading to Non samplimg risk are:
Failure to recognize or discover a material misstatement
Applying inappropriate audit procedures
Misinterpretting of audit test results
In the fictional country of Thelisia, income and social services are distributed equally among its citizens. However, they must pay high taxes, and they experience high levels of unemployment. Thelisia is an example of a(n) ________ nation.
Answer:
Socialist
Explanation:
The Emphasis of Socialism which is practiced in a socialist economy is collective or public ownership of all the means of production. The characteristic of such an economy is that all decisions on the production and distribution of goods and services are in the hands of the government and there is an absolute dependence on Government by the citizenry for their welfare and daily services.
Of course, because the government decides how resources are distributed, the ultimately control the entire resource of the state and as such, they can determine tax levels. Furthermore, since the welfare of the people does not depend on their earnings from jobs and businesses then there will also exist a high level of unemployment
Thelisia based on the explanation above is therefore a socialist nation.
Linear programming, simulation and waiting line theory are most closely associated with which era in the historical development of operations management ? human relations operations research globalization Internet revolution
Answer:
operations research
Explanation:
Operations research -
It is the research method , which deals with the application of the analytical method which enables to make good method , is referred to as operations research.
Stimulation , Linear programming and waiting line theory , are under the operations research .
Hence, from the given information of the question,
The correct term is operations research.
Daniel, a cabinet-maker, contracts to make a china cabinet to Lora’s satisfaction and Lora promises to pay Daniel $2,800 for the cabinet if she is satisfied with it when completed. Daniel completes the cabinet in a work manlike manner using the wood Lora has chosen. If Lora tells Daniel that she is not satisfied with the cabinet and refuses to accept or pay for it, Daniel is entitled to recover from Lora the reasonable value of the cabinet if her dis-satisfaction is un-reasonable.
A) True
B) False
Answer:
False
Explanation:
Daniel, the cabinet maker is in no signed agreement with Lora to accept any payment for the cabinet if she is not satisfied with it. Daniel can always sell this same cabinet to another consumer at a better price or worst case scenario, for the cost price.
Which of these 2020 Kicks features uses a beeping sound to alert the driver to a stationary object directly behind the vehicle?
Answer:
correct answer is Rear Sonar System
Explanation:
the correct answer is a rear sonar system
because it is parking aide that sound of tone and it help to driver for the detect object within approx. some distance in feet of rear bumper
and here beep will get faster sound when driver get more closer to the object and sound will continuous tone when it will be less than a foot away distance from the bumper
so here that correct answer is a rear sonar system
Which of the following statements is CORRECT? Group of answer choices Unlimited liability and limited life are two key advantages of the corporate form over other forms of business organization. Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.
Answer:
The correct statement is; Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.
Explanation:
A limited company can either be private or public. A limited company posses these 2 key features namely;
1. Limited liability- the liability of shareholders is limited to the amount of their investment in the company.
2. Seperate legal existence- a limited company can in it's name sue, be sued and enter into contracts.
Limited liability means that the investors can only lose the money they have invested and no more, meaning lenders have to keep this in mind when issuing loans to limited companies.
Presented below are selected account balances for Sunland Co. as of December 31, 2020. Inventory 12/31/20 $59,550 Cost of Goods Sold $222,005 Common Stock 76,250 Selling Expenses 15,964 Retained Earnings 44,780 Administrative Expenses 37,422 Dividends 18,160 Income Tax Expense 30,070 Sales Returns and Allowances 11,865 Sales Discounts 15,140 Sales Revenue 405,210 Prepare closing entries for Sunland Co. on December 31, 2020.
Answer:
Explanation:
The closing entries for the following accounts are
1. Sales Revenue A/c Dr $405,210
To Income Summary $405,210
(Being revenue account closed)
2. Income summary A/c Dr $332,466
To Cost of Goods Sold $222,005
To Selling Expenses $15,964
To Administrative Expenses $37,422
To Income Tax Expense $30,070
To Sales Returns and Allowances $11,865
To Sales Discounts $15,140
(Being credit balance accounts are closed)
3. Income summary A/c Dr $72,744 ($405,210 - $332,466)
To Retained earning $72,744
(Being the difference is credited to retained earning)
4. Retained earnings A/c Dr $18,160
To Dividend A/c $18,160
(Being dividend account is closed)
Final answer:
Closing entries for Sunland Co. involve transferring the revenue and expense account balances to the Income Summary, then the net income to Retained Earnings, and finally closing dividends to Retained Earnings, resulting in zeroed temporary accounts.
Explanation:
To prepare closing entries for Sunland Co. on December 31, 2020, we need to close out all revenue and expense accounts into the Retained Earnings account. The closing process involves transferring the balances from temporary accounts (revenues, expenses, dividends, sales returns & allowances, sales discounts) to permanent accounts (retained earnings). Below are the necessary steps:
Close revenue accounts to Income Summary:At the end of this process, the Retained Earnings account will reflect the net income minus dividends paid during the year, and all temporary accounts will have a zero balance, ready for the next accounting period.
Mr. Walters has many years of experience as a personnel officer for a large corporation. He does not review most job applicants' reference files because he is confident of his ability to predict their future work performance based on his direct face-to-face conversations with them. Mr. Walters' confidence best illustratesA. 360-degree feedback.B. the halo error.C. transformational leadership.D. the interviewer illusion.
Answer:
The Interviewer Illusion.
Explanation:
This is the confidence that an interviewer demonstrates during a hiring process as he believes he can get a reliable information to make an employment decision about an applicant during an interview.
Previous successful employment decisions made serve as encouragement and as a result helps in developing the skills of the interviewer in that line.
However , this practice are most likely to be influenced by factors like cognitive bias , personal interest and the emotional state of the mind during the interview
When managers at General Motors evaluated all the firms' various divisions and then chose to close both the Saturn and Pontiac divisions, it was involved in diversification. product development. portfolio analysis. franchise reevaluation. demarketing
Answer: Portfolio analysis
Explanation:
The portfolio analysis is one of the type of management that helps in reviewing all the elements in the portfolio of the business in an organization.
The main objective of the portfolio analysis is that we can easily analyzing the different types of risks and also properly analyze resources allocation in the given portfolio.
According to the given question, the manager of the general motors evaluating all firms or companies about the divisions then it involve the portfolio analysis.
Therefore, Portfolio analysis is the correct answer.
Construct a decision-making grid that analyzes the potential choices of attending basketball practice and working at an after-school job.
Answer:
A decision-making grid helps you to analyze what you gain and what you lose whenever you make choices. Refer to the following decision grade that analyzes the potential choices of attending basketball practice and working at an after-school job.
Explanation:
Decision-making grid:
Before constructing a decision-making grid, lets assume that the Mr. A chose to work an after-school job, so the benefits are associated with his choice whereas the opportunity cost represents the choice he could have chose i.e. attending basketball practice
Choice Benefits Opportunity Cost
One hour at Job Afford to pay his tuition fees Learn a new skill
Two hours at Job Afford a gaming console Able to achieve req.fitness
Three hours at Job Afford to buy bike Make to the team's bench
Four hours at Job Afford a good college Make to the starting lineup
Five Hours at Job Afford a car A regular with good performances
Matilda just graduated from college. In order to devote all her efforts to college, she didn’t hold a job. She is going to tour around the country on her motorcycle for a month before she starts looking for work. Other things the same, the unemployment rate
a. increases and the labor-force participation rate decreases
b. and the labor-force participation rate both increase
c. increases and the labor-force participation rate is unaffected
d. and the labor-force participation rate are both unaffected
Answer:
Matilda is going to tour around the country on her motorcycle for a month before starting to look for work. Other things remain the same, the unemployment and the labor-force participation rate are both unaffected, Option D.
Explanation:
Labor-force participation rate is the 'percentage' of population that is economy's active workforce or the ones that are looking for work actively or are working. It is an important labor market measure.
Unemployment rate is the percentage of people who have no job. Workers that are discouraged reduce the labor force participation rate in case the unemployment is very high. In Matilda's case, she seems to be serious for her studies in college as she devoted all her efforts in college initially. Since she is going for a motorcycle tour before starting work, both unemployment and labor force participation rate remain unaffected as she is not actively looking for work and has just graduated.
Joe Whinney, the founder of Theo Chocolate, says everyone in the supply chain should be better off as a result of this delicious food. Theo Chocolate's creators believe that they have an obligation to adopt a strategic approach to fulfilling economic, ethical, environmental, and social responsibilities, which is best described as:________.
a. corporate citizenship.
b. social responsibility.
c. consumerism.
Answer:
Corporate citizenship
Explanation:
Corporate citizenship - it is referred to as the kind gesture that is initiated by any organization toward the local company. This gesture is not in the form of investing in business but also includes some investment particularly for the local community.
it helps to enhance the company's performance and reduce the risk. it helps to improve the social relationship with others.
If a financial manager focuses on monitoring and influencing the company's current assets and liabilities, he or she is involved with _________.A) working capital. B) current accounts. C) long-term financing. D) debt resolution. E) savings enhancement.
Answer: A) Working capital
Explanation: The current assets and current liabilities represent the operating components of a financial statements. These are assets and liabilities which are settled within a one year period and are thus aggregated called working capital
An approach that recognizes that, with every interaction, customers learn something about a company that will affect their desire to do business there in the future is known as:______.
a. transactional relationship.
b. customer experience management.
c. cognitive dissonance.
d. perceptual categorization.
Answer: Customer experience management.
Explanation:
Customer experience management is the ways in which a company provides it's consumers the best customised experience during their period of patronizing the business: the customer experience management makes the best use of physical and digital contact with consumers to give them a wonderful experience and maintain customer patronage.
In an experiment that studied the effects of a new drug on performance, all subjects in the experimental condition are tested on in the morning and those in the control condition are tested in the afternoon. The time of the day is a(n)___________variable.
Answer:
Independent
Explanation:
An dependent variable is a variable that is being tested for in an experiment while the change in conditions of the experiment is an independent variable.
From the above question, the time of the day the drug is being given to the subjects is independent of the new drug. This is because the drug is what is being tested and as such is the dependent variable. That leaves time as the independent variable in the experiment as the result of its variation(morning and afternoon) of administration is recorded.
Cheers.
By building employees’ commitment to the organization, providing intrinsic as well as extrinsic rewards, and allowing all employees to monitor product quality, managers are using:
Answer:
Decentralized Control
Explanation:
When the manager allows all employees to monitor product quality, it is because he is giving every employee a bit of control over the production process. This is the definition of decentralized control: instead of having top management oversee all aspects of the company, middle, lower management, and even operating workers are deemed capable enough to excercise control in specific aspects of the company.
Intrinsic and extrinsic rewards also are related to decentralized control because these rewards act as incentives for the employees to take on more responsability, and as the question correctly point out, they also help build commitment to the organization.
One attractive alternative to the corporation for a small business is the __________ because it combines the tax benefits of a partnership with the limited liability of a corporation.
Answer:
Limited liability company
Explanation:
A limited liability company combines both the features of a partnership and a corporation.
The feature of a partnership a llc incorporates is the tax Benefits. The llc profits is taxed once, corporate profits aren't taxed.
The feature of a corporation a llc incorporates is its limited liability. The liability of members is limited to the amount invested in the company.
I hope my answer helps you
Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountant computes her accrual basis income that is used on her tax return. For 2016, Selma had cash receipts of $1,400,000, which included $200,000 collected on accounts receivable from 2015 sales. It also included the proceeds of a $100,000 bank loan. At the end of 2016, she had $250,000 in accounts receivable from customers, all from 2016 sales.
a. Selma's accrual basis gross receipts for 2016 are _________
Selma paid cash for all of the purchases. The total amount paid for merchandise in 2016 was $1,300,000. At the end of 2015, she had merchandise on hand with a cost of $150,000. At the end of 2016, the cost of merchandise on hand was $300,000.
The cost of goods sold for 2016 under the accrual method is _____________
The gross profit from merchandise sales for 2016 under the accrual basis is ____________
Answer:
Selma's accrual basis gross receipts for 2016 are $1,350,000
The cost of goods sold for 2016 under the accrual method is $1,150,000
The gross profit from merchandise sales for 2016 under the accrual basis is $200,000
Explanation:
Selma's accrual basis gross receipts for 2016 are = cash receipts + accounts receivable - cash collected from 2015 sales - bank loan = $1,400,000 + $250,000 - $200,000 - $100,000 = $1,350,000
The cost of goods sold during 2016 = total purchases made during 2016 + ending inventory 2015 - ending inventory 2016 = $1,300,000 + $150,000 - $300,000 = $1,150,00
The gross profit for 2016 = gross receipts - cost of goods sold = $1,350,000 - $1,150,000 = $200,000
What state does a population reach when the average value of an adaptive trait no longer changes?
Answer: Equilibrium
Explanation:
A population is said to have gotten to a state of equilibrium, when there is no observable change in the traits found in that population overtime. This implies that the adaptive trait found in the population no longer changes.
Genetic equilibrium is the state a population reaches when the average value of an adaptive trait no longer changes.
Explanation:In biology, the state a population reaches when the average value of an adaptive trait no longer changes is called genetic equilibrium. It occurs when the forces of genetic variation and natural selection balance each other, resulting in a stable average value for the trait. In this state, the population experiences no significant changes in the average value of the adaptive trait over time.
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