A Sole proprietorship is responsible for all debt and is easy to create.
How liable are Sole proprietorships?Sole proprietorships are the most risky type of business to get involved in because the Sole proprietor will be responsible for all the debts that the business incurs. What this means is that if the business is unable to pay off its debts, the creditors are legally able to go after the assets of the Sole proprietor.
The good thing about Sole proprietorships however, is that they are easy to set up or create. The legal requirements governing them are not as stringent.
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You're really good at investing and you have $1,500 in your investment account.
You make 8.5% interest a year on your investment account!
For a year you owe $1,600 on a credit card.
You pay 19% interest a year on this credit card debt
How much money are you making on your investment in a year?
$1627.5 is the total money are you making on your investment in a year out of which $1500 is the principal value and $127.5 is the interest amount.
What do you mean by interest?Interest is the cost you incur when borrowing money or when lending it out. The most typical approach to display interest is as an annual percentage of the loan balance. This proportion is referred to as the loan's interest rate.
Given,
Principle amount = $1500
Rate of Interest = 8.5% p.a
Time = 1 year (assume)
Required to find money-making investment in a year =?
Interest = P x R x T/100
Interest = 1500 x 1 x 8.5/100 = $127.5
Thus, the total amount we get is the principal amount plus the interest amount which is $1500 + $127.5 = $1627.5
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Blue Suede plc is trying to determine its cost of debt. The firm has a debt issue outstanding with 10 years to maturity that is quoted at 104 per cent of face value. The issue makes pays a coupon of 7.2 per cent annually. The tax rate is 18 per cent and the face value of the debt is €1,000.
Blue Suede Plc's cost of debt is 5.5% with a coupon payment of 7.2% annually and a tax rate of 18%.
What is the cost of debt?The cost of debt does not include only the interest expense paid for acquiring the debt, but it excludes the tax benefit that should have been charged on the interest expense.
For a debt that pays a coupon interest of 7.2% per annum, the effective interest rate excludes the tax benefits.
In this situation, we calculate the effective interest rate as 5.567% using an online finance calculator before deducting the tax benefit element.
N (# of periods) = 10 years
PV (Present Value) = €1,000
PMT (Periodic Payment) = €-72
FV (Future Value) = €0
Results:
I/Y = 5.567%
Tax rate = 18%
Cost of debt = 5.4666794% {5.567% x (1 - 0.18)}
= 5.5%
Sum of all periodic interest payments = €-720 (10 x €-72)
Thus, effectively, the cost of Blue Suede's debt is 5.5%.
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3. Which of the following job tasks would be performed in information systems and computer
science careers? Select the two apply.
coordinating data transfer between offices
Odesigning and implementing new work schedules
Omanaging and securing company data
writing code to develop a software program
The job tasks that would be performed in information systems and computer science careers include coordination of data transfer between offices, managing and securing company data, and writing code to develop a software program.
What is an information system?The information system is described as a collection of components that are interrelated and connected for processing data, storing as well as collecting data. The sources from which information is collected include the hardware, software, users, and computer systems.
The Job tasks that can be performed through computer science and information system careers include coordination of data transfer, development of software, and securing data. It is important to mention that both computer science and information system deals with computer systems. Hence, both the software part, hardware part, and network systems come under the purview of these two careers. This will allow a skillfully trained individual to manage data and its transfer from one location to another, secure data and its storage, and develop programs through coding.
It can be concluded that the job tasks that would be performed in formation systems and computer science careers include coordination of data transfer between offices, managing and securing company data, and writing code to develop a software program.
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if a company performs and completes all services in year 1, but does not receive cash for the services until year 2, in which year should the company record revenue?
Since the company has completed all services in year 1 and not received payment until year 2 it should record revenue in year 1 according to revenue recognition principle.
A generally accepted accounting standard (GAAP) called revenue recognition specifies the special conditions under which revenue is recognized as well as how to record for it. When a key event has occurred, a customer has obtained a product or service, and the cash amount is easily quantifiable for the company, revenue is typically recognized.
According to this principle of revenue recognition the revenue should be recorded by the company in the year in which it occurred not in the year when its payment has been made. Here, in this case since the company has earned the revenue in year 1 itself when it completed the service so it should record it there only even though the cash payment has not been done yet.
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Base 2. Read the section Economics of Pool Operations (p. 7) in the Williams Lake and District Pool feasibility study. (a) Based on the information in this section, do you expect the average cost per swim to be increasing, decreasing or U-shaped for the described capacities?
Economics of Pool Operation The consultants then separated the costs and revenues from the dry land fitness activities and calculated the pool costs and revenues as they relate to pool uses. The 132,200 swims resulted in user revenue of about $305,443 in 2011. That equates to an average of about $2.31 per swim. The total cost of providing those swims is $995,280. That equates to about $7.53 per swim. The recovery rate (i.e. the operating revenue expressed as a percentage of operating cost) is 31% and the net subsidy per swim is $5.22. This cost per swim, revenue per swim, recovery rate, and rate of subsidy are all quite typical in BC. The 3680 sq. ft. main tank of the Sam Ketcham pool has an annual capacity for swimming equal to roughly 174,000 swims. Therefore the current usage level of 132,200 represents about 76% of capacity. Because almost 70% of pool operating costs are fixed (i.e. it costs about the same per hour to operate a pool with two swimmers as it does to operate a pool with 40 swimmers), and because all pool revenue is variable (i.e. revenue varies directly proportional to total use), a pool which operates close to full capacity almost always has a much higher recovery rate than a pool which operates at a lower proportion of capacity. In other words, if use of the Sam Ketcham pool were to increase from 76% of capacity to, say, 85% of capacity, the additional swims would bring in more revenue than they would add to the operating cost, resulting in a lower operating deficit, and a reduced average deficit per swim. However, the consultants believe that the only way to increase the number of swims in this pool would be to improve the quality of the aquatics experience significantly, and that typically means adding some amenities that will attract the additional users and uses. Adding the attracting amenities will increase capacity and increase operating costs. However, it may not increase operating costs proportionately. In other words, adding new, more attractive, aquatic amenities to increase use may be financially feasible. This will be tested in a subsequent section of this report
Based on the information in the Williams Lake and District Pool feasibility study, I expect the average cost per swim to be B. decreasing.
What is the average cost?The average cost is the unit cost recovery amount because it divides the total cost (fixed and variable) by the total units produced.
The average cost decreases when the fixed cost significantly exceeds the variable cost.
The annual capacity of swimming = 174,000 swims
85% of annual capacity = 147,900 (
Current Capacity Proposed Capacity
Total number of swims 132,200 147,900
Total user revenue $305,443 $341,649 (147,900 x $2.31)
Average revenue per swim $2.31 $2.31
Average cost per swim $7.53 $7.53
Total cost $995,280 $1,113,687 (147,900 c $7.53
Recovery rate 31% 31%
Thus, I do not expect the average cost per swim to increase or be U-shaped with increased capacity but to be Option B.
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the determinants of the supply of a good are any factors other than the product's ______ that cause the supply curve of the good to shift.
The determinants of the supply of a good are any factors other than the product's price that cause the supply curve of the good to shift.
The relationship between a good's price and the amount that manufacturers are willing and able to supply is shown by the supply curve.
These determinants include 1) the number of sellers in a market, 2) the level of technology used in a good's production, 3) the prices of components used to produce a good, 4) the amount of government regulation, subsidies, or taxes in a market, 5) the price of other products sellers could produce, and 6) the expectations among producers of future prices. Changes in non-price factors will cause an entire supply curve to shift.
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The city government of Pleasantville promised significant tax breaks to a large retailer if it opened a store in Pleasantville, which would result in nearly 200 new local jobs. However, the retailer decided that it would staff the new Pleasantville store with employees from its other stores, meaning no new jobs were created. As a result, the city of Pleasantville instituted clawbacks by
As a result, the city of Pleasantville instituted clawbacks by rescinding the tax breaks.
When the government gives you a tax break, it approaches you're getting a reduction to your taxes. A tax spoil can be available in a selection of forms, consisting of claiming deductions or excluding profits from your tax return.
Here are the five biggest tax credits you just might qualify for that could have a prime effect on your income and tax situation.
Earned profits Tax credit score. American Opportunity Tax credit. Lifetime studying credit score. toddler and established Care credit. Savers Tax credit.Learn more about government here: https://brainly.com/question/1078669
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What is the current legal system in haiti?
The current legal system in Haiti is Based on French Napoleonic Code.
Officially the French Civil Code, the Napoleonic Code was the French civil code introduced by the French Consulate in 1804, frequently revised, but still in force. It was drafted by his committee of four eminent jurists and came into force on 21 April
The Napoleonic Code abolished feudalism and freed peasants from serfdom and mortgages. Napoleon simplified administrative divisions. Norms established male dominance over wives and children.
The French Civil Code, enacted on March 21, 1804, represents the first major revision and restructuring of the law since Roman times. The Civil Code (renamed the Napoleonic Laws in 1807) dealt mainly with property and family matters.
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The three purposes for which individuals or groups can use products in order for it to be considered a business market are?
The three purposes for which individuals or groups can use products in order for it to be considered a business market are resale, use in daily operations, and direct use in producing other products.
When the seller knows or has a strong reason to expect that the products or services will be sold again, whether in their original form, in a modified form, as a part, component, or ingredient of another product, a sale is being made for resale.
The everyday operations that a company and its workers carry out with the aim of making a profit and raising the intrinsic worth of the company as a continuing concern are called daily operations.
Reselling, using things in regular operations, and directly producing other products are the three ways that people or groups might use products in order for them to be deemed a business market.
What is the Market?The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, maybe the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
The term "available market" refers to a market that includes all local residents. There is a "market minimum" inside the available market or the size of the market that will purchase items without any marketing effort. Without taking any action, a corporation could only receive sales like this one. This level is getting lower and lower in the modern world.
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True or False: Improving manufacturing plant output and improving inventory turns are strategic key performance
indicators (KPIs).
True
False
This claim is untrue. Key performance indicators (KPIs) are a group of quantitative metrics used to assess the overall long-term performance of an organization.
What does a manufacturing KPI mean?A manufacturing KPI or metric is a clearly defined measurement used to track, evaluate, and improve production processes in terms of quantity, quality, and other cost factors.
What purposes do KPIs serve?Key performance indicator, or KPI, is a quantitative measurement of performance over time for a certain goal. KPIs offer goals for teams to strive towards, benchmarks to evaluate progress, and insights that aid individuals throughout the organization in making better decisions.
Which five key performance indicators are there?The five key performance metrics are:
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Using the selected country Haiti , identify the current legal system (civil, common, religious, or mixed). Describe the influence that colonization had on the formation of the current legal system.
The current legal system in Haiti is the French Napoleonic Code, however the influence that colonization had on the formation of the current legal system is it made the system of government to be unstable.
What is the Napoleonic Code?The Napoleonic Code can be described as the code that support the authority of men to be superior over every member of the family as well as the society, it should be noted that this code allow some of the right of the women to be deprived of any individual rights.
It should be noted that in the Haiti there are four levels of the judiciary system which are:
Court of Cassation courts of appeal civil courtsmagistrates' courtsIn conclusion, the system of government in Haiti can be considered to be an unstable one , however the government of Haiti do posses a semi-presidential republic which have a multiparty system .
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Fred Khumalo is the internal auditor for about 10 years of a major insurance company that has both a short and long term portfolio. He enjoys all the perks offered to him and has been nominated to the board as a regional director. However, he had become aware that the CEO was processing claims that were redundant and siphoning funds into various accounts. When he questioned these transactions he was told to ignore the issue and merely sign off the audit records. He broached the issue with the CFO who told him to ignore it and pretend it did not exist. Even the COO and other members also shrugged and some did not even wish to comment, instead mumbling incoherent sentences and excusing themselves. Kuulo finally decided to approach the CEO directly and informed him that if he does not come clean, he will inform the shareholders. The CEO asked Khumalo to give the matter careful thought and not to jeopardize his poution-adding that if humalo seeks employment elsewhere, it will be impossible to find alternate employment or even start out on his own Two weeks later, without poor warning Khumalo was transferred to another branch where a position was created for Fox effect, thamalo had been fired Diss Khumalo's right to blow the whale on the CEO?
Based on the fact that Khumalo was was fired for trying to blow the whistle on the CEO, his rights to blow the whistle was violated.
What are the rights of whistleblowers?Whistleblowers are provided with various rights and protections by the law. An instance of one such law is the Sarbanes-Oxley Act which was passed after the disastrous early 2000s when companies like Enron and WorldCom engaged in very fraudulent activities.
The Sarbanes-Oxley Act ensures that whistleblowers are protected from retaliation by their companies which includes things like them being fired or them being blacklisted. The reason for this is simple, it is to encourage people to blow the whistle on fraudulent activities in their company, to keep industries intact.
These rights also extend to internal auditors and accountants. Khumalo is an internal auditor and so has every right to blow the whistle on his CEO without being fired. He can therefore sue the company.
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A sales representative failed to call on a prominent customer because the representative was ill on
the day the call was scheduled.
This situation calls for a
Seleccione una:
O a. justification report
O b. progress report
O c. proposal
O d. production report
Good corporate governance requires that records and processes and all meaningful information are made available in an accurate and timely manner to shareholders and stakeholders. This relates to the Governance principle of:
Fairness
Independence
Accountability
Transparency
Good corporate governance requires that records and processes and all meaningful information are made available in an accurate and timely manner to shareholders and stakeholders. This relates to the Governance principle of: D. Transparency.
What is good corporate governance?Good corporate governance can be defined as a strategic management procedures and processes which provides businesses organizations (companies) with good leadership, transparent rules, controls, and ensures that all decisions align with the interests of shareholders and stakeholders.
The four principles of good corporate governance.Generally speaking, there are four (4) main principles of good corporate governance and these include the following:
AccountabilityTransparencyFairnessResponsibilityUnder good corporate governance, transparency is a principle which requires that all meaningful information, processes, and data records are accurately made available to shareholders and stakeholders on a timely basis.
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The function of a yield management system is to:
A) ensure adequate staffing requirements in accordance with demand
B) achieve maximum room occupancy and at the same time determining the best average room rate
C) improve the quality of the hotel’s food and beverage offer
D) more effectively market the hotel and its services to customers
The function of a yield management system is to: achieve maximum room occupancy and at the same time determining the best average room rate.
Yield management is a variable pricing approach, primarily based on knowledge, looking forward to and influencing client behavior so one can maximize sales or earnings from a hard and fast, time-constrained useful resource.
Yield management is a dynamic motel pricing strategy designed to provide the most revenue, or yield, from a set stock of rooms. it is about expertise and influencing traveller booking conduct and locating the most effective balance among occupancy and charge.
Yield management makes a speciality of finding the right stability of deliver and call for to get the most bookings at the very best fees. It enables you maximize room sales and profitability.
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Fred Khumalo is the internal auditor for about 10 years of a major insurance company that has both a short and long term portfolio. He enjoys all the perks offered to him and has been nominated to the board as a regional director. However, he had become aware that the CEO was processing claims that were redundant and siphoning funds into various accounts. When he questioned these transactions he was told to ignore the issue and merely sign off the audit records. He broached the issue with the CFO who told him to ignore it and pretend it did not exist. Even the COO and other members also shrugged and some did not even wish to comment, instead mumbling incoherent sentences and excusing themselves. Kuulo finally decided to approach the CEO directly and informed him that if he does not come clean, he will inform the shareholders. The CEO asked Khumalo to give the matter careful thought and not to jeopardize his poution-adding that if humalo seeks employment elsewhere, it will be impossible to find alternate employment or even start out on his own Two weeks later, without poor warning Khumalo was transferred to another branch where a position was created for Fox effect, thamalo had been fired Diss Khumalo's right to blow the whale on the CEO?
The term "CEO" designates the top position inside an organization or business. Like your president, it. In larger businesses, the CEO is not always the owner. In smaller businesses, the CEO is more likely to also be the owner.
They are essentially in charge of overseeing the company's management, all asset and liability management, and revenue growth.
What do you mean by CEO ?A chief executive officer (CEO), also referred to as a central executive officer (CEO), chief administrator officer (CAO), or simply chief executive, is one of several corporate executives tasked with leading an organization, particularly an independent legal entity like a company or nonprofit institution.
What do you mean by COO ?A Chief Operating Officer (COO) is a corporate leader who is in charge of managing a company's continuing business operations. The COO is often the company's second-in-command and reports to the CEO. Chief Operations Officer, Operations Director, and Director of Operations are additional titles for the COO.
The two roles of chief executive and manager are combined under the title of chief operating officer (COO). They create, put into practice rules that support company culture and vision, and they supervise operations to keep firms running smoothly.
What do you mean by CFO ?The top financial position in an organization is held by the chief financial officer (CFO). They are in charge of monitoring cash flow, budgeting the company's finances, identifying its financial strengths and weaknesses, and making strategic recommendations.
The CEO, or chief executive officer, is responsible for managing a company's overall business operations and reporting to the board of directors. The CEO is the only person the Chief Financial Officer, or CFO, is responsible for reporting to.
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Assume a constant-cost industry in a competitive market. What are the long-term effects of the following change?
An increase in the demand for the good will.
the equilibrium price and
equilibrium quantity in
the goods' market.
a increase; increase
b increase; decrease
c decrease; not change
d not change; increase
The equilibrium price and equilibrium quantity in the goods' market not change; increase.
What happens to the long-term equilibrium in a market that is competitive?An increase in demand generates economic-profit in the short run and encourages entry in the long run in a perfectly competitive market in long-run equilibrium; a decrease in demand generates economic losses (negative economic profits) in the short run and forces some businesses to leave the industry in the long.
What transpires when demand rises in a sector with stable costs?When market demand and price rise in a constant-cost industry, the supply curve shifts to the right with the arrival of new firms and comes to a stop at the point where the new long-run equilibrium crosses at the same market-price as before.
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in a green field of grass
What type of color does this image convey
the phs regulations about financial conflict of interests require which party to disclose significant financial conflicts of interest?
The PHS regulations about financial conflict of interests require Researcher to disclose significant financial conflicts of interest
This framework describes how RAND, in order to prevent bias or the presence of bias in its research, identifies and resolves possible Financial Conflicts of Interest pertaining to research funded by the Centers for Medicare and Medicaid Services or by the Public Health Service PHS agencies of the U.S. Department of Health and Human Services.
PHS Investigators are required to disclose information in accordance with their institution's policy. All Investigators who will take part in research supported by PHS grants or cooperative agreements must adhere to the updated PHS regulations.
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a benelovent social planner chooses to produce less than the equlibrium quantity of a good is?
a benevolent social planner chooses to produce less than the equilibrium quantity of a good is that the cost of manufacturing will increase.
Who is a social planner?A hypothetical judgment call who seeks to maximize whatever idea of consumer welfare is known as a social planner. a Procedure that aids towns in determining their deficiencies and strengths including strategies to raise the standard of living in the area.
Sellers place a greater emphasis on the final produced unit than the manufacturing cost. The cost of manufacturing will increase by a subsequent amount which would be to attend the level of equilibrium for the good.
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business question helppp, kind of math too?
Based on the income to Mallory, her cost of goods sold, and the total expenses, Mallory's gross income would be $3,000.
How to find the gross income?The gross income to a person or a company is the net amount between income and cost of goods sold.
This means that Mallory's gross income is:
= Income - Cost of goods sold
Income = $4, 000
Cost of goods sold = $1, 000
The gross income to Mallory is therefore:
= 4, 000 - 1, 000
= $3, 000
Expenses will only be subtracted for net income.
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• Identify and summarize three fiscal policy tools that the federal government may use to combat a recession
The policy tools that the government can take to combat a recession includes:
The government can reduce taxes on income to increase discretionary spending.
The government can increase government spending.
The government can reduce taxes on the profit of companies to increase the after tax profits of companies.
What are fiscal policies?Fiscal policies are the policies enacted by the government using taxes and government spending to achieve it economic objectives.
A recession is when the gross domestic product of a country for two consecutive quarters is negative. When there is a recession, the government would enact expansionary fiscal policies.
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. If taxes on income and businesses is reduced, there would be an increase in disposable income and after tax profit. This would increase the money supply in the economy. Also, if the government increases its spending, the money supply in the economy would increase.
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Causwell Company began 2021 with 13,000 units of inventory on hand. The cost of each unit was $6.00. During 2021 an additional 30,000 units were purchased at a single unit cost, and 23,000 units remained on hand at the end of 2021 (20,000 units therefore were sold during 2021). Causwell uses a periodic inventory system. Cost of goods sold for 2021, applying the average cost method, is $150,000. The company is interested in determining what cost of goods sold would have been if the FIFO or LIFO methods were used.
1. Determine the cost of goods sold for 2021 using the FIFO method. [Hint: Determine the cost per unit of 2021 purchases.] (Do not round intermediate calculations.)
The cost of Goods Sold - FIFO is 120000 and the cost of Goods Sold - LIFO is 120000.
How is the cost of goods sold for 2021 using the FIFO method calculated?Per Unit Average Cost:
= Cost of Goods Sold with Average Cost ÷ Total Units Sold
= 150,000 ÷ 20,000
=7.5
Cost of Goods Available for Sales:
= (Total of Inventory + Purchased Units) × Per Unit Average Cost
= 43,000 × 6.00
= 258000
Cost of Units Purchased in 2021:
= Cost of Goods Available for Sale - Opening Inventory × Unit Cost
=258000 - 13,000 ×6
=180000
Per Units Cost of Units Purchased in 2021:
= Cost of Units Purchased in 2021 ÷ Total Units Purchased
= 180000 ÷ 30,000
= 6
Part 1:
Cost of Goods Sold - FIFO
Cost of Goods Sold:
= (Opening Inventory × Unit Cost) + (30,000 - 23,000) × Per Units Cost of Units Purchased in 2021
= 13,000 × 6 + 7,000 × 6
= 120000
Part 2:
Cost of Goods Sold - LIFO
Cost of Goods Sold:
= units sold in 2021 × Per Units Cost of Units Purchased in 2021
= 20,000 × 6.00
= 120000
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Which of the following status cue/s influences the counterpart's perception of your power?
Select one:
O a. Body posture
O b. Non verbal communication
O c. Dress
O d. All of the above
Body posture influences the counterpart's perception of your power.
What Perceived Power Brings to NegotiationsA negotiation's power is crucial because it gives one party the clout to persuade the other side to budge closer to their negotiating position. A party's ability to grant advantages or impose costs on the opposing side determines how much power it has.
Rarely is power allocated fairly at the negotiating table. Lacking other employment opportunities, a job seeker won't have much "hammer" to use when negotiating a salary with a potential employer. What happens, though, when you are believed to have greater authority than objective factors like organisational rank would indicate—for example, recognised experience in a certain negotiation style.
Power is operationalized as an objective quality of what you bring into the negotiation in almost all studies on the subject. It depends on either what your alternative is or how many other possibilities you have.
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what makes this cellphone brand or model unique
A wireless phone that uses computer equipment to move a call from one region to another and a network of low-power radio transmitters, each of which covers a separate geographic area (cell). This technology enables widespread portable phone service.
Explain about the cellphone and its unique?
International Mobile Equipment Identity is referred to as IMEI. Each mobile phone has a distinct 15-digit serial number that serves as the device's identity.
Mobile phones are used for many things, including staying in touch with family, conducting business, and having access to a phone in case of an emergency. Some people carry multiple mobile phones, including ones for personal and professional use.
The term "cellular" was chosen to describe the design of a network or wireless towers because the coverage map resembled a collection of biological cells. Eventually, all phones that utilised a similar principle came to be known as "cellular phones" or "cell phones."
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Can anyone help me please
It is a false statement that Hazmat suits are used for the protection of people wearing suits.
It is a true statement that the associate should apply labels that are not directed by the system.
It is a true statement that the two type of lithium battery are Lithium Ion and Lithium Metal
It is a false statement that it is okay for a Hamzat suit to wrap around the edge of a box
What is the purpose of hazmat suit?A hazmat suit means a piece of equipment that form part of the personal protective equipment (PPE) kit. The suit includes a garment that is impermeable and its designed especially for the protection of the wearer from any kind of hazardous substances.
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Tabor Ceramics makes ceramic vases for a chain of department stores. The output and cost figures over the past four weeks are shown here. Labor costs Br10 an hour, and materials are Br 4. Calculate the (a) labor productivity (in hrs), (b) material productivity, and (c) multifactor productivity for each week. Comment on the results. Week 1 2 3 4 Units of output 2000 4000 5000 7000 Number of workers 4 4 5 6 Hours per week per worker 40 48 56 70 Material cost 286 570 720 1000
a) labor productivity (in hrs) is 1166.67
b) material productivity is 7
c) multifactor productivity is 11.67
What is productivity?
Productivity is a measure of the efficiency with which commodities or services are produced. Productivity is commonly defined as the ratio of an aggregate output to a single or aggregate input used in a manufacturing process, i.e. output per unit of input, usually over a given time period.
a) labor productivity (in hrs) = 2000/4
= 500 4000/4
= 1000 5000/5
= 1000 7000/6
= 1166.67
b) material productivity = 2000/286
= 6.99 4000/570
= 6.98 5000/720
= 6.94 7000/1000
= 7
c) multifactor productivity = (2000*1000)/(4*286)
= 17.37 (4000*1000)/(4*570)
= 17.54 (5000*1000)/(5*720)
= 17.51 (7000*1000)/(6*1000)
= 11.67
The labor productivity and material productivity are relatively stable over the four weeks, while multifactor productivity decreases from Week 1 to Week 4.
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Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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What are the four primary functions of management?
Melba has a small business that sells cosmetics. During 2021, she uses $7,425 of her inventory for her personal use. How much of that $7,425 may Melba deduct from the gross income of the business?
Withdrawals from the inventory for personal uses are not charged to the income or profit of the business . Here in this case ,melba uses $7,425 of her inventory for her personal use. It is not charged to the income or profit of the melba's business . It is charged on melba's capital.
What is inventory?
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different categories of inventory: finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset. Inventory is a crucial asset for any business. It is described as the assortment of raw materials or completed products that a company maintains throughout the normal course of operations.
To learn more about inventory
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