Answer: corporate communications
Explanation: Corporate communications relate to how businesses and organizations interact with specific stakeholders, both internally and externally. These stakeholders include,. customers, media, employees and government etc.
Based on the group being discussed, corporate communications may come in many forms. In conclusion, the communication strategy for a company would generally consist of the printed word, verbal word, and un-spoken interaction.
The communication department of an organisation is responsible for a number of duchies to be performed such as public relations and customer marketing etc.
The retail environment in developing countries presents challenges for marketing nonperishable items. In Mexico, Proctor & Gamble, Unilever, Colgate-Palmolive, and other global consumer product companies use both ________ and _________ for their products, which requires two different channel strategies.
Answer: mom and pop stores
Explanation:
Mon and pop stores are individually owned stores often a family business that sells global consumer product produced by big brands. They are always open at one location in the neighborhood, and are easily accessible. This type of business help boost the economy of a local community.
If the annuitant dies during the annuity or payout phase, the remaining value in the account will be:___________.
If the annuitant dies during the annuity or payout phase, the remaining value in the account will be added to the deceased annuitant's estate for valuation.
Explanation:
When you leave the death benefit to a non-contractor, the balance is included in your total property value. It may not pass the proof process because it is left to a beneficiary, but that does not imply that the value of the rent does not form part of your property assessment for tax purposes.
Custom arrangements are being formed with insurance companies to show if the money is being disposed of, and if so, who can take it inherited. These contracts generally include provisions on death benefits that enable the owner to identify the beneficiary, either for the larger amount of money remaining on the account or for a minimum required.
Ron is a sales representative for Staples. He works in a business-to-business environment trying to sell office supply products to offices. He works to build long-term associations with his customers by regularly communicating with them. He spends a long time listening to their needs and provides support after the sale. Which type of selling is Ron engaged in?
A) Order takingB) Team sellingC) Technical sellingD) Missionary sellingE) Trade selling
Answer: C) Technical selling
Explanation:
Technical selling or technical sales is an act in which a sales person helps to address customer's needs by understanding what they needs which is a determinant of what product to buy.
Technical selling involves the sales personnel addressing the need of customers, explaining the type and features of the product they needs, network with them and make sure they are satisfied.
A technical sales person must have the ability for effective communication and have good interpersonal skills so as to maintain a good relationship with customers.
Refer to the following table:The net incomeor loss for the year wasa) 7,700b) 12,800c) 5,900d) 15,100Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Michael's Landscaping at December 31, 2013, the end of its first year of operations.Accounts receivable $25,000Accounts payable 3,500Salary expense 4,500Repairs expense 800Truck 8,500Equipment 6,300Notes payable 8,200Cash 6,800Supplies expense 1,600Service revenue 22,800Gasoline expense 800Salary payable 2,200The owner, Michael Mower, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use.
Option D , 15,100
Solution:
The formula for net income is calculated through total expenditures subtracted from total revenues.
Net Income = Service Revenue - Salary Expense - Repairs Expense - Supplies Expense - Gasoline expense
= $22,800-$4,500-$800-$1,600-$800
= $15,100
Net Income = $15,100
To calculate Michael's Landscaping's net income for the year, total revenue of $22,800 is subtracted from total expenses of $7,700, resulting in a net income of $15,100.
Explanation:To determine the net income or loss for the year for Michael's Landscaping, we need to calculate the total revenues and subtract the total expenses. In this case, the Service revenue represents the total revenue amount, while the other listed items (except for Accounts receivable and payable, Truck, Equipment, Cash, Notes payable, and Salary payable) represent expenses.
The total revenue is $22,800 (Service revenue). The total expenses are the sum of Salary Expense, Repairs Expense, Supplies Expense, and Gasoline Expense, which equal $4,500 (Salary expense) + $800 (Repairs expense) + $1,600 (Supplies expense) + $800 (Gasoline expense) = $7,700 in expenses. Therefore, the net income is calculated as:
Net Income = Total Revenue - Total Expenses = $22,800 - $7,700 = $15,100.
So, the correct answer is (d) $15,100.
A lower than average PE may mean that the market expects earnings to rise in the future.
True / False.
Answer:
False
Explanation:
PE ratio is used to determine what investors are willing to pay to receive one dollar of a company's earnings. This price they are willing to pay is based on past and expected future earnings. It is calculated by dividing the market price per share by the earnings per share. A higher average PE means that investors are expecting earnings growth to be higher whereas a lower PE means that they are expecting the future earnings to decrease.
Decision Point: What Information You Should Collect During the First Call The next step in the Welcome Home selling process includes a phone call to each qualified prospect from a sales agent. Like all salespeople, the Welcome Home agents want to make the best impression possible when they finally meet the client face to face in the model home. Agents use the phone call as an opportunity to gather information that would be useful in their first meeting. What information do you recommend that the agent try to collect during the call to make their first meeting with the client the most valuable?
Answer:
The most valuable recommended information for an agent to try to collect during the call to make their first meeting with the client might include age, gender, job, hobbies so agent could use this psycho demographic features for his customers´prospecting.
Explanation:
Turning prospect into paying customers is an agent´s most valuable goal either by warm or cold calling.
Warm calling is contacting a prior prospect who has shown an interest in your product or company and it is more efficient and effective than cold calling which can be a surprise to the possible customer so keep your in mind, identify yourself properly, ask open-ended questions, use proper tone of voice to lead him/her, be attentive.
Before you start calling you need to create a positive script with the correct questions to "connect" or link your prospect voiding frustrating or upsetting it and be constant.
Since hazard insurance premiums are paid up-front, the buyer will have to reimburse (credit) the seller a portion of the premium at the closing. Suppose that the insurance policy’s coverage began on December 15 of the prior year and the property transaction is set to close on March 16 of a 365-day year. The premium paid originally by the seller was $250. If the coverage will expire as of the end of day December 14 in the current year, what is the dollar amount that the buyer must credit the seller?
A. $0.00
B. $62.33
C. $187.67
D. $250.00
Answer: c
Explanation: $187.6
Peggy offers to sell Shelby a purebred Scottish terrier puppy for $800. Shelby and Peggy do not discuss the dog's ancestry, but Shelby believes that the dog came from champion lines and agrees to the price. Shelby later discovers that the puppy is worth only $200. Can Shelby rescind the contract based on her mistake?
Answer:
Shelby cannot rescind the contract based on her mistake because she made a unilateral mistake when engaging in the contract, but Peggy is not responsible for that mistake. Shelby's mistake is considered a value mistake since she miscalculated the value of the dog.
If the mistake was a about a material fact (e.g. believing to buy one dog but actually buying another dog) then the contract could be rescinded, but if its a value mistake probably not.
There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: They are time, ______, cost, and supporting metrics. Group of answer choices
Answer:
Quality
Explanation:
Logistics and supply chain management performance is best evaluated by examining time required to carry out task, the quality of task at hand, the cost to be expended and the supporting metric.
Answer:
There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: They are time, QUALITY, cost, and supporting metrics. Group of answer choices
Explanation:
Performance measures and metrics are essential for effectively managing logistics operations, particularly in a competitive global economy. The global economy is featured with global operations, outsourcing and supply chain and e-commerce. The real challenge for managers of this new enterprise environment is to develop suitable performance measures and metrics to make right decisions that would contribute to an improved organizational competitiveness and these metrics are time, quality, cost and supporting metrics.
Business owner Fred wants to lease office space at the most affordable rate. Which location would best meet his objective?
1. An office with good view
2. An office with good access
3. An office with split space
4. An office with a poor view
To find the most affordable office space, Fred should consider an office with a poor view, as the bid rent theory suggests that such spaces are less expensive because they are less desirable. Retail and industrial spaces also impact affordability based on their needs for access and parcel space, which influences rent prices due to location and accessibility.
If business owner Fred wants to lease office space at the most affordable rate, the location that would best meet his objective would likely be an office with a poor view. This is because businesses prioritize different aspects of office space differently based on their profitability and nature of their operation. Considering the bid rent theory, offices that have a good view typically demand higher rents due to their desirability, while those with a poor view are generally less sought-after and therefore more affordable.
Retail businesses value access for customer traffic, but unlike premium office space, they do not require prime locations with picturesque views. Industries also need access but prioritize expansive parcel space over centrality, resulting in lower rents due to reduced accessibility. Residential areas have even less need for a prime location, having the shallowest bid rent curve due to their low profitability and minimal requirement for access.
Tax return preparers may generally rely on a client's representations without verification unless:
A.) the information seems incorrect, inconsistent, or incomplete.
B.) the client is new to the preparer.
C.) the client is incompetent.D.) the tax matter is complex.
Answer:
Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.
Explanation:
A "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.
Betsy is a social butterfly at work. She frequently leaves her work station to visit friends in other areas. She has befriended most of her coworkers on social media and volunteers to help with every social event the company offers. According to McClelland, Betsy is high in need for ____________.A. power
B. esteem
C. achievement
D. affiliation
E. recognition
Answer:
D. affiliation
Explanation:
Based on the information provided within the question it can be said that the Betsy is high in need for affiliation. This means that Betsy is always needing to be part of a social group, whether it be volunteering at a social event, or visiting friends, she needs to be part of something with other individuals in order to feel a sense of fulfillment.
Including positive personal qualities on your résumé can help compensate for lack of paid work experience.
A.True
B. False
Answer:
True
Explanation:
Employers analyse and examine resume to find the best candidate for the job. Employers look for different qualities in a candidate such as personal qualities, education, work experience etc. If a person has less work experience - employers generally look for personal qualities, and it is said that personal qualities can compensate for a lack of work experience.
Determine whether each of the following is covered by microeconomics or macroeconomics. a. What price to charge for an automobile
b. Measuring the impact of tax policies on total consumer spending in the economy
c. A household’s decision regarding how much to work each week
d. Designing a government policy to increase total employment
Answer:
Determine whether each of the following is covered by microeconomics or macroeconomics.
a. What price to charge for an automobile : this is covered by microeconomics because it determines the demand and the supply of the sales of automobile
b. Measuring the impact of tax policies on total consumer spending in the
economy : This is covered by a macroeconomics because it has to do with a long term policy, there are so many things that would be employed to measure the impact of such policies over time
c. A household’s decision regarding how much to work each week: This is covered by a microeconomics because it has to do with applying opportunity forgone which makes the decision of the highest priority on top of list
d. Designing a government policy to increase total employment: It involves macroeconomics because of the volume and time impactation
Explanation:
A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: Select one: a. Cost of goods sold. b. Cost of goods purchased. c. Cost of goods available. d. Beginning merchandise inventory. e. Ending merchandise inventory.
Answer:
(B) Cost of goods purchased
Explanation:
While a merchandising company buys goods from its suppliers (goods purchased) and adds this to its opening inventory to determined the quantity of goods it has available for sale (goods available for sale), a manufacturing firm makes the goods to be sold (goods manufactured) and add to its opening inventory of finished goods to determine the same metric (quantity of goods available for sale).
This relationship can be seen when the trading account of both firms are compared.
A _____ is a business structure of interdependent organizations that reaches from the point of product origin to the consumer, which results in the "Placement" part of the marketing mix.
a. facilitating agency or place member
b. selective distribution channel
c. marketing channel or channel of distribution
d. transportation channel or channel of movement
e. marketing mix intermediary
Answer:
C) marketing channel or channel of distribution
Explanation:
The distribution channel (or marketing channel or downstream supply chain) refers to the chain of businesses that act as intermediaries through which a product or service passes. The distribution channel starts at the producer of the product or service and ends in the final customer.
A customer buys 5 ABC Jan 30 Straddles for a total premium of $3,500. Just prior to expiration ABC stock closes at $21, and the customer closes the options positions at intrinsic value.
The customer will have a:
A. $1,000 gain
B. $1,000 loss
C. $3,500 gain
D. $3,500 loss
Answer:
A) $1,000 gain
Explanation:
When a client buys a straddle, he is purchasing a call and a put option on the same stock with the same strike price and expiration date.
this client bought 5 ABC Jan 30 calls and 5 ABC Jan 30 puts:
each contract was worth $700 (= $3,500 / 5 contracts)
If the price of the stock fall below $30, the call option will not be taken, but the put option will be enforced. Since the value of the stock is $21, this means that the put option resulted in a $900 profit (= ($30 - $21) x 100).
The client paid $700 for each option, therefore his profit per option = $900 - $700 = $200
His total profit = $200 x 5 options = $1,000
Policymakers focus on marginal tax rates changes when making changes in the tax code because the marginal tax rate:_____
a. always equals the average tax rate which is harder to measure.
b. determines how much revenue the government will have to spend.
c. determines how tax revenue will change as national income increases.
d. affects people's willingness to work save, and invest.
Answer:
d. affects people's willingness to work save, and invest.
Explanation:
Marginal tax rate by definition is the rate of tax charged when an individual makes an additional dollar of income. If workers are charged higher tax rates , they are more likely to work less, to not look for higher paying jobs or not work at all than if they faced lower rates. A lower tax rate may be a good idea for policymakers but it could eliminate assistance given to poor families and individuals. Therefore each option has a tradeoff.
Southern Security makes safes for storing valuables. When Ed sold safes for the company, he would deal with a prospect's concerns such as the cost of the safe and then ask, "Are you ready to purchase a safe for your family, or are there other concerns that we need to discuss?" When Ed asked this question, he was ________.
Answer:
in which stage of the selling process of Close.
Explanation:
In terms of sales, closing is simply defined as the instant when the transaction is made by a prospective or consumer.
So few opportunities close themselves, making it possible to initiate the closing for the salesperson.
This could be unsettling, especially for new salespersons, because it ends up leaving the salesperson exposed to the possibility of being rejected.
An online marketing organization designed a social media that wants to earn at least $250,000 in revenue. The campaign will reach 10,000 viewers and receive orders with a mean of $50 and standard deviation of $10. Which measure should be used to determine the probability of the campaign receiving at least $250,000?
Answer:
Z Score
Explanation:
A Z-Score is a statistical measurement useful in determining the relationship between the mean of a group of values as well as the standard deviations from the mean. A Z-Score is is measured in terms of 0s and 1s, a score of 0 shows that the data is very close to the mean score while a score 1 indicates that the value determined is at least one standard deviation from the mean. A positive z-Score indicates that the value is above the mean while a negative z means the value is below the mean.
Z Score Formla=
z = X - μ / σ.
X is the figure to be examined
μ = the mean
σ= the Standard Deviation
On January 1, Jamaica Company purchased equipment for $18,000. The estimated salvage value is $2,000 and the estimated useful life is 5 years. On December 31 of the third year, before adjusting entries have been made, the company decided to extend the estimated useful life of the equipment by one year giving it a total life of 6 years. The company did not change the salvage value and continues to use the straight-line method. What is the depreciation expense for the third year?
Answer:
Depreciation expense on third year is $2,400
Explanation:
First, we must compute the depreciation expense for the first 2 years.
($18,000 - 2,000)/5years = $3,200 depreciation expense per year.
Second, let’s compute the net book value before the adjustment.
$3,200 x 2 years = $6,400 (total depreciation for 2 years)
$18,000 - $6,400 = $11,600 (Net book value before adjustment)
Finally we can now compute the Depreciation expense on the third year.
($11,600 - $2,000) / 3+1
$9,600/4 = $2,400 (new depreciation expense on third year)
The marketing concept is a philosophy that a business organization should employ to satisfy customers' needs while achieving the overall goals of the organization.A) TrueB) False
Answer:
A: True
Explanation:
Yes, its very much true because basic logic behind the marking concept is that organisation should meet the customer's needs by understanding them. Defining more precisely, meeting the customer needs profitably. Moreover, finding, attracting, getting, keep and growing the customers is the basic theme behind the marketing concept while remaining profitable at the same time.
Whole-life insurance has a cash value for the insured person if he decides to stop paying premiums and cash the policy in.
True or False?
The given statement "Whole-life insurance has a cash value for the insured person if he decides to stop paying premiums and cash the policy in" is true.
Explanation:
Full life insurance gives the clients a death benefit upon their death. It also offers the money value you can use after several years of regulation. The value of the cash for a whole lifetime is different from the general policy on how well the policy has been credited to the interest.
Life long protection together with an investment account is given by cash value insurance policies. A part of your premium costs or cash value will be paid into the investment account and that money will increase over time. You will earn the cash value less the costs of the contract if you wish to cash in your life insurance and pay out the lender's coverage early.
The board of directors of Bosco Company declared a cash dividend on November 15, 2017, to be paid on December 15, 2017, to stockholders owning the stock on November 30, 2017. Given these facts, the date of November 30, 2017, is referred to as the_________.a. declaration date.b. record date.c. payment date.d. ex-dividend date.
Answer:
a. declaration date
Explanation:
Declaration date refers to the the period the board of directors announced the next dividend payment. In the case of Bosco Company, the month of November 2017 is the declaration date.
What is the set of rules that determines how sales and conversions get credited based on touch-points in the conversion path?
A) Attribution modeling.
B) Conversion tracking.
C) Channel Groupings.
D) Multi-Channel Funnels.
Answer:
A) Attribution modeling
Explanation:
The attribution model in Google analytics is the set of rules that determine how credit for sales and conversions is assigned to touchpoints (clicks) in conversion paths. Different attribution models affect the conversion values of a company's marketing channels in different ways. Some attribution models favor channels that initiates conversion paths while others favor the last channels.
There are seven attribution models, for example: the last interaction model assigns 100% credit to the final touchpoints that immediately precede sales, or the last Google Ads click model assigns 100% credit to the paid search channel.
______________ assumes that innovation is occurring within a highly uncertain environment and that the key to fast product innovation is to use intuition, flexible options, and hands-on experience to reduce uncertainty and accelerate learning and understanding.
Answer:
Experiential Approach to Innovation
Explanation:
The correct word for the given statement is Experiential Approach to Innovation
So in fill in the blanks the word will be Experiential Approach to Innovation
The experiential methodology expect that instinct, adaptable alternatives, and hands-on experience can decrease vulnerability and quicken learning and comprehension.
A compression way to deal with advancement works best during times of steady change.
Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time help. As for her personal expenses, her apartment costs her $12,000 per year and her personal bills are an extra $6,000 per year. What is Jacinda's opportunity cost of running the business?
Final answer:
Jacinda's opportunity cost of running her florist business includes the $42,000 annual salary she gave up by quitting her blackjack dealer job and her explicit business expenses, totaling $44,000 per year.
Explanation:
The opportunity cost of running a business includes not only the explicit monetary costs but also the implicit costs, which are the benefits foregone when choosing one alternative over another. In Jacinda's case, she gave up her job as a blackjack dealer, which paid $42,000 per year, to start her florist business. Therefore, this foregone salary is part of her opportunity cost. Additionally, her business expenses total $44,000 per year ($14,000 on rent, $21,000 on supplies, and $9,000 on part-time help). We do not include personal expenses in the calculation of opportunity cost, as these would likely be paid whether she ran the business or worked as a dealer.
Which of the following solutions have been proposed to solve the too-big-to-fail problem?
A) Break up large, systemically important financial institutions.B) Impose higher capital requirements on large, systemically important financial institutions.C) Do nothing, since Dodd-Frank effectively eliminated the problem.D) All of the above have been proposed
Answer:
D) All of the above have been proposed
Explanation:
The problem with the too big to fail financial policy is that financial institutions that are considered too big started to assume greater investment risks since they were treated differently than other not too big banks.
For example, if the FDIC decides that a too big to fail bank is about to fail, they will use the purchase and assumption method to ensure that the bank's depositors don't suffer losses, but the government assumes the losses and the government is paid by all of us.
The Dodd-Frank Act makes it harder for the Federal Reserve to bail out financial institutions, but that is simply not enough. Big banks have played enough with the taxpayers' money and should be held responsible for their actions. They at like spoiled children that go around breaking things because their parents will pay for them.
If your French-owned company, headquartered in Paris, hired a Canadian manager to work in your plant in Taiwan, she would be considered which type of international employee? Group of answer choices foreign country national third country national host country national non-host country national
Answer:
third country national
Explanation:
A third country national is someone who works in a foreign branch for a company that is not headquartered in his/her own country. This employee is not a citizen of either the host country (where the foreign branch office operates) nor the home country (where the company's headquarter is located).
In this case, a Canadian manager works for a French company in its Taiwan branch.
The Canadian manager hired by the French-owned company to work in Taiwan is referred to as a third country national. This term is used in international human resources management to refer to an employee who is from a country other than the home and host countries of the company.
Explanation:In this situation where a French-owned company, headquartered in Paris, hires a Canadian manager to work in a plant in Taiwan, the employee would be classified as a third country national. This terminology is used in the field of international human resources management. The terms are defined in relation to the company's country of origin, which is France in this case. A third country national is an employee who originates from a country different from the home (France) and host country (Taiwan). In this case, the employee is from Canada, thus making her a third country national.
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Marsha is a sole proprietor of a small quilting shop. She has considered changing her business structure, but she cannot find an alternative structure that would give her the main advantage she enjoys as a sole owner. The major advantage is that she ________.
Answer:
she receives all the profit
Explanation:
Based on the information provided within the question it can be said that the major advantage of being a sole owner is that she receives all the profit. This is because she does not share ownership with anyone and handles all the business tasks and responsibilities herself. Therefore she does not have to share in the profits and all the profits are her's alone. Which other structures will not give her this advantage.
Marsha is a sole proprietor of a small quilting shop. She has considered changing her business structure, but she cannot find an alternative structure that would give her the main advantage she enjoys as a sole owner. The major advantage is that she has complete control over decision-making and the direction of the business.
As a sole owner, she can make decisions independently without needing to consult with partners or shareholders, allowing her to quickly adapt to changes, implement her vision for the shop, and manage daily operations according to her preferences.
This autonomy can be especially beneficial in a small business setting where flexibility and personal touch are crucial for success.
In contrast, other business structures such as partnerships, corporations, or LLCs often require shared decision-making, more formalized processes, and compliance with additional regulations.
While these structures offer advantages like liability protection and potential tax benefits, they may dilute the control Marsha currently enjoys.