Answer:
Performing a horizontal Analysis
Explanation:
Particularly in the case of investigating fraud and error, horizontal changes are the most direct way of focusing on changes because rather than the vertical which looks at the change as a percentage of Sales or Total Assets, the horizontal looks at change in each item from period to period, and takes the change amount as a percentage of the initial year's amount. i.e (Year 2 amount - Year 1 amount) / Year 1 amount = % Change in item in consideration.
Fred is the purchasing manager at Marc's Auto Body and places orders for routine products such as office supplies and items needed for service and repair of vehicles. He typically purchases tools from the Snap-on dealer and orders a variety of nuts, bolts, and hardware from Grainger. He really likes purchasing from Grainger since he can utilize their website where he has an intranet portal to easily place orders and receive a company discount. Grainger makes it easy and convenient as well by providing a list of previously purchased items that Fred can select and simply click "reorder."
What type of purchase process does Fred use when buying these items from Grainger?
A) Straight rebuy
B) Modified rebuy
C) New-task purchase
D) Contracted purchase
Answer:
A) Straight rebuy
Explanation:
Based on the information provided within the question it can be said that the purchasing process that Fred is using is called a Straight Rebuy. In a business context, this term refers to ordering supplies for the first time or as a reorder from a supplier from an approved list . This list contains suppliers that have been approved due to ease of use, good quality products, or low prices. Which in this case Grainger has all of these traits, which is why Fred prefers them.
under the securties act of 1933, which statements are true regarding a regulation D private placement exemption? adveristing permitted
Answer:
advertising is not permitted
Commissions can be received in connection with the offering.
Explanation:
Under the securities act of 1993, a regulation D private placements have some rules which included: advertising was not permitted and Commissions can be received in connection with the offering. These were only a few rules as Regulation D allows a "private placement" exemption if an issue is sold to a maximum of 35 "non-accredited" investors.
In a bid to attract more customers in a market that has several competitors, Barrymore's Bakery slashed the prices of all its products by 50 percent. Managers at the firm reasoned that lower prices would draw in even more customers, making up for the reduction in price several times over. Which of the following pricing strategies are they using?
a. Market-skimming pricing
b. Market-penetration pricing
c. Captive-product pricing
d. Cash discount pricing
e. By-product pricing
Answer: Market-penetration pricing
Explanation:
Market-penetration pricing is a type of price setting method where a sales company reduces the prices of it's products to attract customers to it's products.
Barrymore's Bakery is applying penetration pricing method by introducing a 50% discount on all of it's products to draw customers to its products in a market filled with so many competitors.
Jayson is a NY licensed salesperson. A local moving company asks Jayson to recommend his moving company to clients looking to relocate. In exchange, the mover will pay Jayson $200 for every client who moves with his company.
What type of arrangement is this?
Answer:
a sales commission agreement
Explanation:
Usually a salesperson's salary includes:
a small fixed amount plus a commission based agreement, e.g. a salesperson will earn $150 per week + 3% commission over total salesentirely based on sales' commissions, e.g. another salesperson earns 4% commissions over total salesSalespeople usually do not earn a fixed salary since sales' commissions motivate them to sell more.
The maximum amount of investors allowed in "private funds" of all types is limited by the SEC to what number?
Answer:
100 accredited investors
Explanation:
Private funds classified as 3C1 funds can have a maximum of 100 accredited investors.
An accredited investor is someone that has a net worth of over $1 million, not counting his/her primary residence (house), or must at east have an annual income of more than $200,000, or $300,000 for a married couple.
The main advantage of keeping a fund private is that they are less regulated than public funds. This gives the fund greater freedom when deciding which investments to make.
Rosemarie and Dominique, owners of Sugarplum Coffee and Pastry Shop, are concerned because Panera Bread is opening a new store just one mile from their shop. Rosemarie and Dominique know that Panera will be offering similar products; therefore, Panera Bread will be a(n) ________ of Rosemarie and Dominique.
Answer: Competitor
Explanation: Rosemarie and Dominique believes that Panera bread would be an active Competitor to their business because of the closeness of Panera bread store to theirs and also the fact that they sell similar products.
A competitor in marketing is a business that struggles for the same customers with another business due to sales of similar products.
Panera Bread will be a competitor to Rosemarie and Dominique's shop in a monopolistically competitive market, prompting the need for innovation and improved offerings.
In the situation provided, Panera Bread will be a competitor to Rosemarie and Dominique's Sugarplum Coffee and Pastry Shop. When a company like Panera, which offers similar products, enters the market close to an existing business, this can be challenging for the incumbent firm.
This scenario is a common occurrence in industries with monopolistic competition, where many firms sell products that are similar but not identical. Each business in a monopolistically competitive market has some market power and can behave like a monopoly to a certain degree, due to product differentiation.
This competitive market dynamic encourages businesses to innovate and constantly improve their offerings to maintain customer loyalty. The entrance of a new competitor often leads to businesses enhancing their products, services or customer experience.
For instance, a gas station may add services such as a coffee shop or car wash to differentiate itself, while a restaurant could develop unique recipes to attract customers. This competition is essential for market health, driving businesses to focus on quality, innovation, and customer satisfaction.
Conflict in organizations Select one: a. can serve as an opportunity for growth. b. often has negative consequences, and therefore must be managed carefully. c. can clarify relationships and provide new ways to think about issues. d. can result in all of these effects.
Answer: Option D
Explanation: Organizational conflict or even known as the corporate conflict is defined as the situation of dispute or confusion arising from the explicit or implicit divergence of interests, values, resources, and relationships between the institution's members.
These conflict usually results in hurdle of operating activities but if tackled carefully by the management it can result in strong relationships than before due clear understanding. These clear understanding between the employed eventually will result in growth of firm .
Approximately two-thirds of 3PL customers think their providers supplyA. tactical or operational services.B. strategic or integrative services.C. trucking and warehouse servcies.D. a firm that can supply a competency that is not core to the firm.
Answer:
The correct answer is (A)
Explanation:
The third-party logistics is one of an important factor to improve and expand the business. Most of the third party customers believe that their service providers provide them with complete tactical and operational service which is important and a critical aspect to attract more customers. Overall, 3PL does provide customers with tactical and operational service according to the latest reports and data surveys.
The correct answer is A. tactical or operational services.
To understand the answer, let's first clarify what 3PL stands for and the types of services it encompasses. 3PL stands for Third-Party Logistics, which refers to companies that provide logistics services to businesses. These services can range from operational to strategic, including transportation, warehousing, inventory management, and other value-added services.
Other options are incorrect because:
B. strategic or integrative services - These services involve a higher level of engagement with the client's business, including network design, supply chain strategy, and integration of logistics services into the client's business processes.
C. trucking and warehouse services - These are specific types of operational services that fall under the tactical category. They are fundamental services provided by many 3PLs but do not encompass the full range of services that 3PLs can offer.
D. a firm that can supply a competency that is not core to the firm - This option describes the role of a 3PL provider in general, which is to offer services that a company chooses not to perform internally because they are not part of its core competencies.
Therefore, the statement that approximately two-thirds of 3PL customers think their providers supply tactical or operational services aligns with the general understanding of the role of 3PL providers in the market. This makes option A the most accurate answer to the question.
The _____ directs managers to maximize profit and shareholder wealth and recognizes only legal limitations on the pursuit of profit.
Answer:
The economic model of corporate social responsibility (CSR)
Explanation:
The economic model of corporate social responsibility directs managers to maximize profit and shareholder wealth and recognizes only legal limitations on the pursuit of profit.
Final answer:
The profit maximization mandate directs managers to focus on increasing profit and shareholder wealth.
Explanation:
The statement in question suggests that the chief directive for managers is to maximize profit and shareholder wealth, within the bounds of legal constraints. This view highlights the classic economic model of a firm's objectives, emphasizing profitability as the primary goal.
It corresponds with the perspective of economist Milton Friedman, who famously argued that the only social responsibility of business is to use its resources in endeavors that enhance its profits, so long as it operates honestly and within the framework of free competition.
Managers are expected to prioritize shareholder interests, making decisions that will benefit stockholders, often at a short-term perspective. However, this framework also assumes that businesses must contend with market forces, which can include the potential for hostile takeovers if profit maximization is not achieved, essentially serving as a check on corporate efficiency and executive performance.
Moreover, while the onus is on businesses to maximize profits, they must also consider the broader impact of their actions. Exploiting customers, suppliers, or society can lead to long-term losses, either through a loss of trust or through government intervention and regulation. Thus, rational pursuit of maximal value for shareholders inherently respects other stakeholders to ensure sustainability and legitimacy over time.
The condition which states that the domestic interest rate equals the foreign interest rate minus the expected appreciation of the domestic currency is called ______.
Answer:
The condition which states that the domestic interest rate equals the foreign interest rate minus the expected appreciation of the domestic currency is called Interest Rate parity
Explanation:
The interest rate parity condition explains the relationship between domestic and foreign interest rates, and also factoring in alongside the appreciation of the home or domestic currency.
Interest rate parity condition states that the difference in interest rate between two countries will be equal to the difference between their forward exchange rate and their spot exchange rate.
Therefore in very simple terms, interest rates are linked to exchange rates
A client of yours expresses interest in giving trading authority to a third party on their account held at your Investment Advisory firm. Regulations from the NASAA pertaining to this scenario require which of the following?
Answer and Explanation:
NASAA = North american Securities Administrators Association
NASAA would require written authority in order for trading as expressed by client to a third party. The written authority is very important according to the regulations by NASAA.
1) are short-term funds transferred between financial institutions, usually for a period of one day
2) actually have nothing to do with the federal government
3) provide banks with an immediate infusion of reserves
Answer:
Federal funds
Explanation:
The 3 characteristics in the question are the characteristics of federal funds.
Federal funds are funds that bank and entities exchange between each other to maintain bank reserves at the federal reseeve as well as to meet daily transactions. It can be called an overnight borrowing because the funding can only be borrowed for one day and must be returned within such albeit with some rate. The current rate is 10percent.
Cheers.
Kevin is going over his company’s recertification policy. Which is the best reason to recertify?
A) To audit usage
B) To enhance onboarding
C) To audit permissions
D) To manage credentials
Answer:
c. To audit permissions
Explanation:
Recertification policies are used to determine which users have access to a particular resource(s) needed to perform their jobs as decided by designated review panel or managers. It can also be said to be a reappraisal of workers and their job function and the things needed to perfrom those job functions optimally.
Cheers
According to the California Insurance Code, what term is used to describe a fact so important it could affect the policy premium?
Answer:
Materiality
Explanation:
Materiality is the term used to describe the fact which is so important that could affect a given policy premium according to the California Insurance Code.
If the supply of a product increases, then we would expect equilibrium pricea.to increase and equilibrium quantity to decrease. b.and equilibrium quantity to both decrease. c.and equilibrium quantity to both increase. d.to decrease and equilibrium quantity to increase.
Answer:
The correct answer is option d.
Explanation:
An increase in the supply of a product will cause the supply curve to shift to the right. This rightward shift will cause the demand curve and supply curve to intersect at a lower price.
This will cause the quantity demanded of the product to increase and the price of the product to decrease.
A decrease in the supply will cause the quantity demanded to decrease and price to increase.
The effect of supply increase is indicated through the given figure.
Interest earned on premiums paid to an insurer helps to ________ the premiums charged.
Answer:
Interest earned on premiums paid to an insurer helps to LOWER the premiums charged.
Explanation:
An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others.
Once earned, the premium is income for the insurance company. It also represents a liability, as the insurer must provide coverage for claims being made against the policy. Failure to pay the premium may result in the cancellation of the policy.
The interest earned on premiums helps to offset the premiums charged by insurance companies.
Explanation:The interest earned on premiums paid to an insurer helps to offset the premiums charged.
Insurance companies receive income from insurance premiums and investment income. They invest the funds they receive, earning a rate of return. This income can be used to offset the premiums charged to policyholders. By earning investment income, insurance companies can reduce the overall cost of insurance for their customers.
For example, if an insurance company charges $100 in premiums and earns $10 in interest income, they can use the interest income to reduce the premiums charged to $90, making insurance more affordable for policyholders.
Bob read a newspaper story that indicated a dramatic increase in money market accounts and certificates of deposit during the last three months. The story reported that all other major components of the U.S. money supply remained unchanged. Based on this information, Bob can conclude that for the past quarter:
A. Both the M-1 and M-2 money supplies were stable.
B. The M-1 money supply has increased, but the M-2 money supply was stable.
C.The M-2 money supply has increased, but the M-1 money supply was stable.
D. Both the M-1 and the M-2 money supplies have increased.
Answer:
C.The M-2 money supply has increased, but the M-1 money supply was stable.
Explanation:
M1 includes currency in circulation, checkable demand deposit and travellers check.
M2 includes all components of M1 and near money. Near money includes certificate of deposit, savings deposit, mutual funds and money market funds.
I hope my answer helps you
Daggie's Sandwiches, Inc., sells the rights to use its name and sell its sandwiches in a given market area to aspiring businesspeople who are willing to pay agreed-upon fees and meet certain contractual terms. Daggie's:A. is offering investors the opportunity to form limited partnerships B. is a franchisor. C. creates private subsidiary companies. D. offers a tax-free investment potential.
Answer:
B. is a franchisor.
Explanation:
A franchisor is a business that sells the right to use its name and sell its product to another business.
A franchisee is the business that buys the right from the franchisor.
A limited partnership is a form of partnership where one or more of the partners have a limited liability.
A subsidiary company is a company owned by the parent company.
I hope my answer helps you.
In the circular flow model, _____ can firms can produce the output they sell to households only by buying.
Answer:
Resources
Explanation:
In the model of circular flow, which is an economic model, it states the flow of the money via the economy. This model shows or defined the circular flow of the income among the business sector and the household sector.
So, in this model, the firms could produce the output in order to sell the output to households, only by buying or purchasing the resources. As the resources is defined or described as the supply or the source from which the benefit is produced or created and has some utility.
Therefore, the resources are the one which is purchased and the firms could produce the output.
What is the major difference between the real estate business in general and a real estate brokerage?
Answer:
Please see the answer below
Explanation:
The real estate business consists of production, marketing, and financing of real property; A real estate business is a business entity that deals with the buying, selling, management or investment of real estate properties.
While
A real state brokerage is directed primarily toward the sale, exchange, lease, rental, and financing for compensation. A broker may work for a commercial or residential seller and/or buyer. The duties vary, depending on the type of broker you are. Most brokers are both sellers’ and buyers’ agents. When another agent or broker sells a property from a different broker or agent, the two agencies split the commission.
Some brokers may be agents. They represent both the buyer and seller, although in some states, dual agency is not legal.
The major difference between the real estate business in general and a real estate brokerage is that the real estate business refers to the entire industry of buying, selling, and managing properties, while a real estate brokerage is a specific type of business within the real estate industry.
Explanation:The major difference between the real estate business in general and a real estate brokerage is that the real estate business refers to the entire industry of buying, selling, and managing properties, while a real estate brokerage is a specific type of business within the real estate industry.
A real estate brokerage is a company or an agency that employs licensed real estate agents who help clients buy, sell, or rent properties. They act as intermediaries between buyers and sellers, providing assistance with various aspects of the real estate transaction process.
On the other hand, the real estate business as a whole encompasses not just real estate brokerages, but also other types of businesses and professionals involved in property development, property management, real estate investment, and real estate law.
Mortagae brokers are the ones who bring the home buyers and the lenders together.
True / False.
Answer:
True
Explanation:
A mortgage broker helps a borrower connect with lenders who represent the best fit in terms of the borrower's financial situation and interest-rate needs. A mortgage broker, a mortgage broker determines a loan-to-value ratio, and gathers all the required information regarding borrowers ideal loan type and forward them to the ideal lenders. The loan-to-value ratio is defined as a lending risk assessment ratio that financial institutions and other lenders examine before approving a mortgage. They also track down the unnecessary fees tacked onto closing costs by lenders when issuing a mortgage, this is called garbage fees. There are also a type of loan called the liar loan, these involve the category of mortgages that refers to low-documentation or no-documentation mortgages, this can be acronym to "no job, no income and no assets" type of borrowers.
Many firms use ______, who may specialize by product area in large companies, to help cut costs and coordinate relationships with suppliers.
Answer:
Purchasing managers.
Explanation:
A purchasing manager is responsible for establishing the best conditions for purchasing goods and services necessary to perform organizational activities.
Has more authority than a purchasing agent or buyer, although the exercise activities are similar, the purchasing manager has a greater responsibility for overseeing the procurement process and the activities of a purchasing agent or buyer.
The responsibilities of a purchasing manager are:
purchase of higher quality and lower priced goods and services. seek the most reliable suppliers for the organization. price negotiation and purchase contracts. forecast of future demand. (...)Given that news organizations frequently call for more transparency from the government and organizations they cover, critics find it hypocritical that these same organizations do not want the same level of scrutiny regarding _____________ they receive from political campaigns.
Answer:
Revenues
Explanation:
The role of news organisations in political campaigns in recent times has been very significant.
Critics find it hypocritical because when paid to run political campaigns, news organisations do not reject lies by public officials, because they were paid for the air time.
For example, according to information from statistica, it estimates that more than 6 billion dollars were spent in the US Presidential elections campaign on broadcast TV in 2016.
Scrutiny would involve critical examination of the activities of this news organisations.
An online retailer uses complex data-mining software to evaluate the preferences and buying habits of its customers and makes decisions based on these findings. This is an example of the use of ______ in the decision-making process.
Answer: Analytics
Explanation:
The online retailer is applying analytics to evaluate buyers preferences and habits: this information gotten influences the decisions made by the retailer.
Analytics in decision making process occurs when a manager in an organization carefully analyses systematic statistical data to make decisions in the organization.
The use of analytics in decision making helps reduce errors and enables the manager make accurate decisions.
A company has a retention rate of 50%, sales of $25,000, beginning equity of $50,000 and profit margins of 10%, an asset turnover ratio of .75 and debt of $10,000. What is its sustainable growth rate?
Answer:
Sustainable Growth Rate: 2.5%
Explanation:
Sustainable growth rate is calculated by multiplying return on equity with retention ratio.
Logic behind above is that whatever portion of net profit is retained by the Company, is used in the Company's operations, which earns certain percentage of equity known as return on equity. By multiplying both return on equity with retention ratio, we assume that the practice will continue for foreseeable future and the Company will continue to grow at the calculated growth rate.
Growth rate = Retention ratio * return on equity
Retention ratio = 50%
Return on equity = Net profit available for distribution / Opening equity
Return on Equity = (25,000 * 10%) / 50,000
Return on Equity = 5%
Growth Rate = 5% * 50%
Growth Rate = 2.5%
The sustainable growth rate of the company is 3.75%.
Explanation:The sustainable growth rate of a company can be calculated by multiplying its retention rate, profit margin, and asset turnover ratio. The formula for sustainable growth rate is:
Sustainable Growth Rate = Retention Rate * Profit Margin * Asset Turnover Ratio
Using the given information, the company has a retention rate of 50% (0.5), profit margin of 10% (0.1), and asset turnover ratio of 0.75. Therefore, the sustainable growth rate is:
Sustainable Growth Rate = 0.5 * 0.1 * 0.75 = 0.0375 or 3.75%
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Sam Frank is a retired Army officer who wants to purchase a new home using a VA loan. In 2000, Sam used his VA guarantee of $36,000 when he purchased his current home. Based on the VA's maximum guarantee of $104,250 and his partial eligibility, how much of a loan can Sam get with no money down?
a) $68,250
b) $155,000
c) $208,500
d) $273,000
Answer:
D) $273,000
Explanation:
The VA's maximum guarantee for home purchases applicable for 2019 is $484,350, including additional benefits like no down payments and no private mortgage insurance.
Since Sam already used 34.45% of his benefit during 2000, he can only use 65.55% of his available benefit now. In current values that would equal around $317,000 but I guess this question is using values applicable during 2018, which would result in a maximum guarantee of $417,000, and 65.55% of that would be $273,000.
The amount of VA's loans increase year by year and also vary depending on certain states and counties.
Julia is a U.S. citizen. She establishes a website that posts threatening messages about celebrities. Her website is.
Answer:
b. not protected by the First Amendment
Explanation:
Based on the information provided within the question it can be said that the Julia's website is not protected by the First Amendment. This is because the Supreme Court has never interpreted freedom of speech to allow the inclusion of obscenities. Which "threatening posts about celebrities" would fall under the category of obscenity and not be protected under the First Amendment.
The Federal Reserve can influence the federal funds interest rate by buying securities, which ________ reserves, thereby ________ the federal funds rate
A) adds; raising
B) removes; lowering
C) adds; lowering
D) removes; raising
Answer: C) adds; lowering
Explanation:
Federal Reserve has the ability to influence the federal funds interest rate.
When the Federal reserves buys the securities (financial instruments such as marketable securities or non-marketable securities) they add reserves, which in return lowers the federal funds interest rate.
What is a potential disadvantage of direct selling? A. Consumers must go out of their way. B. Some customers view direct selling negatively. C. Commissions for salespeople are usually low. D. Personal attention tends to be lacking. E. Product demonstrations are difficult in this type of selling.
Answer: Some customers view direct selling negatively.
Explanation:
Direct selling is a kind of sales which involves the marketer to personally going to customers to convince them about a certain product.
Some customers negatively view direct sales and prefer going online to get products they need for consumption. For example, some customers believe that some product sold via direct sales maybe inferior or bad for the marketers to go about selling them.
If the marginal propensity to consume is 0.75, the multiplier for taxes and transfer payments is:1. 3
2. 4.
3. 0.25.
4. 0.75.
Answer:
option (1) 3
Explanation:
Data provided in the question:
Marginal propensity to consume, MPC = 0.75
Now,
Tax multiplier = 1 - [1 ÷ ( 1 - MPC ) ]
or
Tax multiplier = 1 - [ 1 ÷ ( 1 - 0.75 ) ]
or
Tax multiplier = 1 - 4
or
Tax multiplier = - 3
And,
Transfer payment multiplier = MPC ÷ [ 1 - MPC ]
or
Transfer payment multiplier = 0.75 ÷ [ 1 - 0.75 ]
or
Transfer payment multiplier = 0.75 ÷ 0.25
or
Transfer payment multiplier = 3
Hence,
Answer is option (1) 3