1. which of the following steps is considered the first step in the managerial decision-making process? gather information and perform a differential analysis. review, analyze, and assess the results of the decision. identify alternative courses of action. identify the objective of the decision. 2. an analysis that evaluates differential revenues and costs in order to determine the differential impact on income of two alternative courses of action is called analysis. horizontal vertical ratio incremental 3. costs are costs that have been incurred in the past, cannot be recouped, and are not relevant to future decisions. sunk historical product none of these choices are correct. 4. the revenue that is forgone from an alternative use of an asset, such as cash, is called . sacrificial revenue. an opportunity cost. an economic loss. none of these choices are correct.

The 5 strategies used by entrepreneurs to succeed in their small business are  1. Make strategic planning a top priority

2. Keep a close eye on your competitors

3. Work to broaden your client base

4. Stay close to your customers

5. Monitor profit margins.

Without a well-defined and well-crafted strategy, your small business will fail. An important aspect of small business strategy is the marketing plan you use to attract potential customers. Without a clear marketing plan, you will lose many potential customers.

Corporate strategy is the means by which an organization builds and restores its fundamental relationship with its environment. It is a strategy characterized by broad and more or less simultaneous changes in the pattern of decision making in an organization.

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The group of customers referred to as the early majority lead the wave of increased demand as the industry moves from the introduction stage to the growth stage. Early majority laggards late majority early adopters.

Sales increase quickly during the growth stage as customers start to accept the product. Longer production runs and the achievement of economies of scale result in lower per-unit costs and can enable profits to rise quickly. Marketing Plan for Sales: In order to benefit from the high customer demand, reduce.

Smartphones, electronic autos, and artificial intelligence are a few examples of items that are now in the growth stage. Expansion of the product's supply chain distribution is a typical response for businesses with products in the growth stage.

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Yearly salary will be after 5 years is $608. The money you earn in the first few months or years of employment is your starting salary.

Starting salary= $38,000/year

Per year raise = 8%

First year = 5 years

= $38,000*8%/5

= 3040/5

= $608

The money you earn in the first few months or years of employment is your starting salary. These details may have been included in the initial job description, in an interview with the employer, or in an employment contract. While some starting salaries are fixed and cannot be negotiated, the correct strategies can help you secure a better starting salary.

Choosing the right time to bring up compensation negotiation might be difficult. The instances in which it is appropriate to start a conversation with an employer about your wage expectations are covered in the following section.

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1. Suppose that a scientific study reports that orange foods are more likely to cause cancer, which causes demand to permanently decrease, similarly in orange juice (treat as perfectly competitive) and Cheetos (treat as monopolized).

22. The price of oranges will be lower than their original price C. in the short run only. It's because in the short run firms can earn economic profits.

23. The price of Cheetos will be lower than their original price D. only is demand is more elastic than marginal cost. Its because if average total cost is below the market price, then the firm will earn an economic profit.

Monopolistic Competition firms have one characteristic that is like a competitive firm or freedom of entry and exit and one characteristic that is like a monopoly as known as a differentiated product provides market power. This form of market structure is common in a trip to the grocery store reveals large numbers of differentiated products like a breakfast cereal, toothpaste, laundry soap, and so on and also common in market-based economies.

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An example of a loyalty program is an airline's practice of awarding customers points for miles traveled that can be turned in for free airline trips. Therefore, the correct answer option is: a. loyalty program.

A loyalty program can be defined as a marketing strategy which is designed and developed to encourage customers in order to continuously patronize a business firm that is associated with the program by offering them:

In this context, we can infer and logically deduce that this airline is practicing a loyalty program by awarding its customers points for the miles traveled, which can eventually be turned in for free airline trips.

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Strategic alliances are more interwoven than short-term contracts, according to the make-or-buy continuum.(TRUE)

How do you define a strategic alliance and why?

Strategic alliances are agreements between two or more companies to collaborate on projects while still operating independently. You may pool resources, use your combined experience, and work together to accomplish more as a group than you could alone with this form of collaboration.

The supplying company has no incentive to undertake transaction-specific investments, which is a drawback of a short-term contract as an alternative on the continuum of make-or-buy.

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Stockholders watch the company and its managers closely to ensure that management is working diligently to increase the company's profitability.

A Stockholders is someone who owns at least one share of a company's stock or a mutual fund unit. The majority ownership of the company is held by its shareholders, who also have particular rights and duties. They could benefit from a company's success with this ownership structure.

An organization that holds one or more shares of a company's stock or mutual fund is referred to as a shareholder. A shareholder's (or stockholder's, as they are sometimes frequently referred as) status entails both obligations and rights. A majority stockholders is a single shareholder who holds and controls more than 50% of the outstanding shares of a corporation.

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Excludability means that buyers who are willing and able to pay the market price for the product to obtain its benefits, but those unable or unwilling to pay that price do not.

Excludable items are personal goods, while non-excludable goods are public goods. for example, at the same time as all of us can use a public street, now not everybody can visit a cinema as they please. to go into one, someone needs to purchase a ticket, and their purchase of a price ticket excludes a person else because seating is constrained.

Both excludable and rivalrous, where the excludability method that manufacturers can save a few humans from consuming the best or carrier based totally on their potential or willingness to pay, and rivalrous shows that one man or woman's consumption of a product reduces the quantity available for consumption via any other.

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when a company wants to hire a systems vendor or integrator, it sends out a request for proposal RFP to one or more possible suppliers.

A request for proposal (RFP) can be described as the business document that can be used by an organization which helps to announces a project,  as well as other informations that concerns the business and solicits bids from qualified contractors that will take part in the business.

It should be noted that the this document is very important when  a company wants to hire a systems vendor as well as other contractors for the business.

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Answer:

Explanation:

A fast-fashion company may risk hiring low-cost vendors who supply rock-bottom prices at the cost of unfair labor practices. This is an example of unethical labor exploitation.

What are unethical labor practices?

An unethical labor practice refers to the set of actions implemented by an employer or a union that violates the National Labor Relations Act (NLRA). The National Labor Relations Board (NLRB) has developed an extensive listing of employer actions that it regards as wrongful mishandling of an individual employee's labor rights.

What are the categories of unfair labor practices?

There are 5 categories of unfair labor practices namely interference, restraint or coercion, employer domination, discrimination on part of labor activity, refusal to bargain, and discrimination in retaliation for approaching NLRB.

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Two main reasons checking accounts are the most commonly used banking services are earning interests and easy access.

Some checking accounts pay interest, so even when the money is just sitting in the account, it can increase. Checking accounts give you multiple options to access your money.

most cases, you can withdraw or spend money by going to a bank, using your debit card at an ATM, writing a cheque, or transferring money online.

Most checking accounts have a debit card, so you may simply tap or insert your card into a card reader at checkout to pay using the funds in your account rather than paying with cash. By entering the necessary details, including your name and card number, you can make a payment using your debit card online.

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A high rate of customer retention indicates that your current customers appreciate your product and are providing a reliable revenue stream. If your retention rate is low, your bucket is leaking. You will continue to lose money no matter how many users you gain through your acquisition strategy.

What causes customers to leave?

Here are probably the main motivations why clients imperfection: Unfortunate client support - 82% of individuals have quit working with an organization in view of terrible client support. Lack of customer appreciation: 53% of customers who felt unappreciated have switched businesses.

What effects does customer retention have on a company?

It also brings in new customers, boosts customer loyalty, and raises return on investment. Retaining customers spend more, buy more frequently, and refer friends and family, making it easier and more cost-effective than acquiring new ones. A 25-95% increase in company revenue can be achieved with just a 5% increase in customer retention.

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SDLC: Planning phase.

A organized procedure known as the Software Development Life Cycle (SDLC) provides the fastest possible production of high-quality, low-cost software.

Additionally, business requirements are gathered during the analysis phase, along with any relevant dangers. A feasibility study is also part of this SDLC step and identifies all project strengths and weaknesses in order to evaluate the project's overall viability.

preparing a feasibility analysis for a project: creates a broad overview of the desired endeavor and establishes its objectives.

The second stage of the SDLC involves acquiring as much information as possible about the product requirements from the client. With the customer, go over all of the product's specifications and details.

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Prequalifying in personal selling refers to weeding out prospective customers who are unable or unlikely to purchase a business owner's product.

In personal selling, the salesperson and the customers build a personal connection. In other words, both sides are in front of one another. (2) Relationship Development: Personal selling leads to the creation of a close bond between the salesperson and the potential customer.

The first step in the sales process is prospecting, which entails locating potential clients, also known as prospects. The aim of prospecting is to create a database of potential consumers, then communicate with them in a methodical manner in the hopes of turning them from potential customers to present customers.

Pre-qualifying a lead is an effort to learn crucial information about your good or service in order to decide whether a person or business is likely to become a customer. When you pre-qualify a lead, you can learn whether the potential customer wants, needs, or can afford what you're offering.

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The number of adult tickets sold is 92 and the number of children's tickets sold is 220

Cost of a ticket for an adult = $12

Cost of a ticket for children = $5

Number of tickets sold = 312

Total revenue from tickets = $2204

Let the number of adult tickets sold be x and y represent the number of children's tickets sold

Formulating the equations we get:

x + y = 312-----(1)

12x + 5y = 2204-----(2)

Multiplying equation (1) by 12 and subtracting it from (2) we get the following:

12x + 12y = 3744

12x + 5y = 2204

7y = 1540

y = 220

So, x = 92

So, adult tickets sold are 92 and children tickets are 92

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Loss of property during a war,  will be viewed by insurance companies as an uninsurable risk.

War is usually considered an uninsurable catastrophic risk (though some insurers do offer war insurance) and is not covered by terrorism insurance. The only line of insurance that covers injury or death from an act of war is workers compensation.

A danger that an insurance company won't accept. This might occur, for instance, when an occurrence is unavoidable (like a chronically ill person dying), gradual (like rust or corrosion), or illegal.

The expense of tearing down a structure after it has been damaged by a risk is covered by demolition insurance, which is insurance for property owners.

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The profitability index for the project which requires an investment of $1,400 and has a net present value of $400 with internal rate of return 12% is 1.286 (rounded).

It is a method to calculate the current value of a future stream of payments from a company, project, or investment. To calculate NPV, you need to estimate the timing and amount of future cash flows and pick a discount rate equal to the minimum acceptable rate of return.

How to calculate the profitability index for the project?
First, we will use the net present value formula

NPV = Present value of inflows - present value of outflows

400 = present value of inflows - 1400

present value of inflows = 1400 + 400 = 1800

Next, we want to calculate the profitability index to answer the question
Profitability index = present value of inflows / present value of outflows

= (1800 / 1400)
= 1.286 (rounded)

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Purchase Discounts is additionally a ledger account utilized by a corporation getting inventory merchandise and accounting for them beneath the periodic inventory system.

Companies that make the most of sales discounts sometimes record them in associate account named purchases discounts, that is another contra‐expense account that's deducted from purchases on the profit-and-loss statement.

Purchase Discounts could be a contra expense account with a credit balance that records the worth of purchase value deductions granted by a merchandiser if a customer makes a payment among an allowable fundamental measure, used as associate incentive to encourage prompt payment of invoices.

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A foreign subsidiary is likely to be vertically integrated when it's important to guarantee a supply of raw materials.

Vertical integration is a type of business arrangement where a company has influence over various supply chain stages. To have more control over the production process, the corporation tries to bring processes in-house rather than relying on outside vendors.

Companies seek vertical integration because of the clear benefits it provides, including increased control over the supply chain and the capacity to cut prices while gaining market share. But vertical integration has a ton of other advantages (whether forward or backward).

Vertical integration makes sense as a business strategy because it enables cost savings across the entire production process, assures tighter quality control, and improves information flow and management throughout the supply chain.

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The things to consider while choosing a credit union are the type of institution, the fee and the interest rate.

A credit union is a financial entity established for the benefit of a certain group of individuals, such as the employees of an organization. The stockholders, depositors, and borrowers who make up the credit union are its members. Its benefits include being a not-for-profit organization and being subject to lesser taxes than other financial institutions. The needs of the members are its primary focus.

When thinking about a union, one must decide what kind of institution they want to keep their money in and take into account factors like the kind and quantity of items they have access to, account fees, and interest rates. One should also take into account the added benefits of their choice.

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Government policy that attempts to manage the economy by controlling TAX RATES and Government Spending to increase/decrease monetary supply: is reflected in the money supply decisions enacted by the federal reserve board (FRB).

The Federal Reserve system is a significant banking device in America. It became created on December 23, 1913, with the enactment of the Federal Reserve Act, after a chain of monetary panics led to the preference for primary control of the monetary machine so as to alleviate economic crises.

Federal Reserve regulations are guidelines installed region via the Federal Reserve Board to regulate the practices of banking and lending institutions, typically in reaction to legal guidelines enacted via the legislature. Regulating and supervising the banking device is one of the number one capabilities of the Federal Reserve machine.

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The step in planning and executing of an advertising campaign, where the firm will establish the metrics it will use to determine if the campaign is successful is "set the advertising objectives".

In marketing, an advertising campaign refers to a specifically designed strategy that is carried out across different mediums in order to achieve desired results such as increased brand awareness, increased sales, and improved communication within a specific market.

An advertising campaign allows marketers to create relevant campaigns for the right people, for example, a sportswear manufacturer can increase its sales by placing ads on blogs devoted to sports since people interested in sports are very likely to be interested in sports clothing.

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If the annual demand quadruples (ie. increases by 4 x) and the annual carrying cost doubles, The Q is increases by a factor of 1.4141.

It describes the volume of annual demand for a company's goods. The historical order data can be used to ascertain this. Economic order quantity (EOQ) refers to the optimal number of units that a business should buy to satisfy demand while reducing inventory costs including holding costs, shortage costs, and order costs.

Ford W. Harris created this production-scheduling model in 1913, and it has undergone numerous revisions since then. Demand, ordering, and holding costs are all considered constant in the economic order quantity calculation. The EOQ formula functions best when demand, ordering, and holding costs are stable across time.

The economic order quantity's major flaw is that it presupposes there will be a demand for the company's goods.

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If the multiplier is 5 and investment increases by $3 billion, equilibrium real GDP will increase by 15 Billion.

GDP, also referred to as Gross Domestic Product is defined as the total output/production of goods and services which was produced within a country. It is formulated as the sum of private and government spending, consumption, and investment, as well as the net export, with net export being the total number of export minus total import. GDP is a good measurement of a domestic production as well as overall economic growth and sustainability in a country.

Since Investment correlates positively with GDP growth, we know that an increase in investment by $3 billion with a multiplier of 5 will result in an increase of real GDP equilibrium by:

GDP Increase = 5×$3 billion

GDP Increase = $15 billion

Therefore the equilibrium of the real GDP will increase by $15 billion  

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Cybercriminals frequently target banks as targets. Although successful hacking might result in large payouts, it is not a victimless crime. You and other account holders are the victims, and a sudden bank account emptying might be the difference between having a roof over your head and surviving on the streets.

Every day, banks all across the world are monitored. Thieves have always been drawn to bank accounts. The only virtual bricks, locks, and vaults that protect our money are networks and security. Your savings and income are at risk once they are broken or bypassed.

It's wise to be aware of the techniques that cyber thieves employ to access your bank account.

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Immigration reform as defined could boom labor delivery which would reduce wages and shift SRAS to the right. that would result in a better equilibrium GDP and a lower charge stage. it'd also boom potential GDP.

The time period immigration become coined in the seventeenth century, relating to non-warlike populace moves among the rising nation-states. while human beings cross country-wide borders at some stage in their migration, they're called migrants or immigrants (from Latin: migrare, 'wanderer') from the angle of the vacation spot u. s.

Immigration is the manner of transferring to a new u. s . or area with the intention of staying and dwelling there. human beings may pick to immigrate for a variety of reasons, together with employment possibilities, to get away from violent warfare, environmental elements, instructional functions, or to reunite with family.

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A)  The MM proposition l with taxes is based on the concept that the capital structure of the firm does not matter because investors can use homemade leverage because the MM proposition l with taxes states that the capital structure doesn't affect the firm's value.

B)  Question 6- MM proposition l  with taxes states that capital structure doesn't affect firm value because the firm's value is calculated on the present value of future cash flows, thus, the capital structure cannot affect it.

C)  The interest tax shield is a key reason why the net cost of a debt to a firm is generally less than the cost of equity.

D)  Question 8- The first sentence is false because by increasing the amount paid to the debt holder through interest payment the number of pretax cash flows must be paid as taxes decrease. It won't increase because the gain in total cash flows to investors is the interest tax shield.

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Companies serving innovators and the early majority must pay more attention to increasing the performance of a product while mass market strategies focus on the product’s ease of use and reliability represents the difference in strategies for the innovators and early majority versus the mass market.

Companies that serve the early majority and innovators typically pursue a focus model, whereas companies that serve the rapidly growing mass market require large-scale mass production to ensure that a high-quality product can be reliably produced at a low price point.

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The Great Bell of the Great Clock at the Palace of Westminster, known to all as “Big Ben,” is scheduled to return to full-time service on Sunday, after being mostly silent for the past five years during the most ambitious renovation project ever undertaken at the crumbling Houses of Parliament.

The Great Bell of the Great Clock- Big Ben is the nickname for the Great Bell of the Great Clock of Westminster, which is located at the north end of the Palace of Westminster in London, England, and the name is frequently used to refer to the clock as well as the clock tower. The official name of the tower in which Big Ben is located was originally the Clock Tower, but it was renamed Elizabeth Tower in 2012 to commemorate Elizabeth II's Diamond Jubilee.

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The cash account's balance is decreased while the baking supplies account's balance is increased by the bookkeeper.

Listed below is the journal entry:

apparatus $883,116

$41,884 ($740,000 - $698,116) represents the discount on the notes.

Regarding $740,000 in Notes Payable

To Cash $185,000

Due to the recording of the cash payment and note payable amount.

notation for use

PVF factor at 6% for a year = Amount due on the note

= $740,000 × 0.94340

= $698,116

In order to record this, we debited equipment because it increased assets, and we always debit discounts, but we credited cash and note payable because they increased liabilities and decreased assets.

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