The best resource for Anita in order to determine whether one of her employees is exempt or nonexempt under the Fair Labor Standards Act will be D) job description.
A job description can be described as an elaboration of the work a candidate will be doing if he is hired for a particular job. A job description also mentions the candidates that are eligible to apply for a job. A job description might also describe candidates who are exempted to apply for a job role.
In the scenario mentioned in the question, as Anita has to check whether employees are exempted or non-exempted to apply for a job under the Fair Labor Standards Act hence her best source should be the job description.
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if the reserve requirement for a bank is $200,000 for a deposit of $1 million, then the deposit expansion multiplier is:
If the reserve requirement for a bank is $200,000 for a deposit of $1 million, then the deposit expansion multiplier is 5.
What is a bank?Bank perform important functions for society and a well-functioning financial system is fundamental to a modern economy.
Banks are able to lend money to consumers and businesses in both upturns and downturns. In addition, payments for goods and services should be processed swiftly, safely and at low cost. The importance of banks can be seen from the fact that they are considered to be the lifeblood of the modern economy.
Banks' essential activities facilitate the process of production, exchange and distribution of wealth.
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Over the past year, Ionia's money supply increased by $3 billion, $2billion in bonds were sold to the public, an unused military base was sold for $4 billion, and the government spent $20 billion. Ionia had a budget a. deficit. b. surplus. Determine the amount of Ionia's budget deficit or surplus. $ ____ billion Determine the amount of Ionia's tax revenue for the year. $____ billion
The government spent $20 billion last year, sold an underutilised military installation for $4 billion, added $3 billion to Ionia's money supply, and issued $2 billion worth of bonds to the general people. Ionia had a budget surplus or deficit. Calculate the size of Ionia's budget surplus or deficit. $[tex]20-4=16[/tex] Billion Calculate Ionia's tax take for the entire fiscal year. $[tex]4+2=6[/tex]Brillion
The government budget balance, often referred to as the general government balance, public budget balance, or public fiscal balance, is the entire difference between government receipts and expenditures. A negative balance indicates a budget deficit for the government, and a positive balance indicates a surplus. A budget is an annual financial forecast of the government's anticipated income and outlays. A budget is made for each level of government that takes public social security obligations into account. The government budget balance is made up of the primary balance and interest payments on the total amount of accumulated debt; the two together determine the budget balance. Additionally, it is possible to distinguish between the structural balance and the cyclical component of the budget surplus.
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as of december 31, bayer, inc., agrees to provide a bonus of $50,000 to its employees (to be equally shared by all). the bonus will be paid in january.
Employee bonus payment is 50,000 and employee bonus expense is 50,000; the bonus will be paid in January.
An employee is what?Employees are those who are paid to do tasks for another individual or company. Workers just need to be paid by an employer in order to be deemed employees; they do not need to work full-time (the person or business that pays them).
Give instances that illustrate who an employee is.Employees include, for instance, salespeople at retail locations .The worker is seen as an employee since they are required to do activities in a given way, such wearing name badges and greeting customers in a certain way.
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are a tool to manage ongoing supplier relationships O Weighted point models O Supplier scorecards O Spend analyses O Online reverse auctions
Online reverse auctions are a tool to manage ongoing supplier relationships.
What is a reverse auction?A buyer issues a request for a specific good or service in a reverse auction, inviting businesses to compete on price to deliver what is requested.Finally, the contract is awarded to the seller who is willing to accept the lowest price.A reverse auction is the inverse of a regular auction, in which the seller initiates the auction and the buyers bid up the price.Large corporations and government entities use reverse auctions as a competitive procurement method for raw materials, supplies, and services such as accounting and customer service.They can help you save time and money, but at the expense of quality.What Are the Advantages of Using a Reverse Auction?Reverse auctions enable buyers to reduce purchase costs through increased competition and avoid having to negotiate with multiple suppliers individually.
Online reverse auctions are a tool to manage ongoing supplier relationships.
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TRUE/FALSE. truckload (tl) shipments are typically for short haul distances compared to less-than-truckload (ltl) shipments.
TRUE, truckload (tl) shipments are typically for short haul distances compared to less-than-truckload (ltl) shipments.
Another shipment of books was dispatched. Two shipments were used to deliver my order. The shipping of this box has begun. The shipment is being held at the destination service center until a delivery appointment is made or is carried out per the recipient's request. 13. Reached the desired location. The destination service center has received the shipment. pulling something heavy or carrying something far distances They transport cargo with these trucks. She was detained, fingerprinted, and hauled before a judge. Someone who is hauled somewhere is compelled to go there. To haul something is to move or take it,
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the issue of____is reflected in the correlation between the number of sunny days in the year and the gains in the new york stock exchange a) practical significance; b) artifact correlations; c) error; d) covariance; e) statistical significance
The issue of _statistical significance_ is reflected in the correlation between the number of sunny days in the year and the gains in the new york stock exchange.
A stock exchange helps the stock brokers to trade company stocks and other securities. A stock may be bought or sold only if it is listed on an exchange. Therefore, it is the meeting place of the stock buyers and sellers.
Here, the issue of statistical significance is reflected in the correlation between the number of sunny days in the year and the gains in the new york stock exchange since it has co relations and thus it relfects the same.
Therefore, the correct option is (E).
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Last month, korey’s comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. calculate korey’s gross profit margin. please select the best answer from the choices provided a b c d
With $4,350 in net sales, $3,320 in gross profit, and $1,850 in net income last month, Korey's comics had a 76.3% gross profit margin.
What is the gross profit?
Describe gross profit. Gross profit is the amount of money that a business keeps after deducting all of the expenses incurred in producing and delivering its goods or services. By subtracting the cost of the products sold COGS from company total sales, you may determine gross profit.
Why is greater gross profit preferable?
As long as overhead expenditures are kept under control, a company with a larger gross profit margin can generate a respectable profit from its sales. Investors frequently offer more money for a business with a higher gross profit.
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the quantity produced by a monopoly is a competitive market would produce. part 2 (1 point)see hint monopolies charge prices that are than competitive markets. part 3 (1 point)see hint in the long run, incentives cause firms in to lower costs and increase quality.
a monopolist may estimate the price and quantity that will maximize its profits.
How do monopolies compare with competitive markets?In a monopolistic market, a single company controls the amount of supply and the prices of goods and services. A market with perfect competition is one with many enterprises and no dominant player. No market is entirely monopolistic or completely competitive in the actual world.Monopolies produce poorer output and higher prices than completely competitive businesses. As a result, the economy is inefficient.By examining the marginal income and marginal expenses of manufacturing an additional unit, a monopolist may estimate the price and quantity that will maximize its profits. The company can improve profit by generating one additional unit of production if the marginal revenue is greater than the marginal cost.To learn more about monopolistic market refer,
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Gladys agrees to lend Kay $1,000 for one year at a nominal rate of interest of 5 percent. At the end of the year prices have actually risen by 7 percent.
a.
Gladys earns extra real income.
b.
Kay loses extra real income.
c.
Kay receives extra real income.
d.
Neither party gains or loses if the loan is repaid.
Gladys agrees to lend Kay $1,000 for one year at a nominal rate of interest of 5 percent. At the end of the year, prices have actually risen by 7 percent as c. Kay receives extra real income.
Real income is how much cash a person or entity makes after accounting for inflation and is sometimes called real wage while referring to an individual's profits.
Actual profits indicate earnings that an entity or an individual makes after considering inflation costs. it is also called actual wage when denoting the inflation-adjusted earnings of an individual. Nominal income represents income that is not adjusted with the next adjustments in inflation rates.
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Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demanded increases from 600 to 800. Using the midpoint method, the price elasticity of demand for frozen chicken nuggets in the given price range is
Price Elasticity of Demand= [(Q2-Q1)/[(Q2+Q1)/2]/[(P2-P1)/[(P2+P1)/2]
=2.33
As the price of a bag of frozen chicken nugget decreases from $6.50 to $5.75, the quantity of bags demanded increases from 600 to 800. Using the midpoint method, its price elasticity of demand is 2.33
Price elasticity of demand measures how sensitive the change in price to the change of demanded quantity.
Using the midpoint method, the formula for price elasticity of demand is:
Price Elasticity of Demand = %change in quantity / %change in price
%change in quantity =( q2 - q1) / [(q1 + q2)/2] x 100%
%change in price =( p2 - p1) / [(p1 + p2)/2] x 100%
Where:
q = quantity
p = price
Data given in the problem,
q2 = 800
q1 = 600
p2 = 5.75
p1 = 6.5
Plug these parameters into the formula:
%change in quantity = (800 - 600) / [(800+600)/2] x 100% = 28.57%
%change in price =(5.75 - 6.5) / [(5.75 + 6.5)/2] x 100% = 12.24%
Price Elasticity of Demand = 28.57% / 12.24% = 2.33
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recognized gains and losses must be properly classified. which of the following classification characteristics refers to the sale, exchange, casualty, theft, or condemnation of the property?
A diagnosed loss is the amount of a found-out loss that is deductible for tax purposes.
To calculate a found advantage or loss, take the difference of the entire consideration given and subtract the fee foundation. If the distinction is wonderful, it is a realized advantage. If the difference is terrible, it's far a realized loss.
As soon as an advantage or loss is identified, a taxpayer has to decide how the diagnosed benefit or loss influences the taxpayer's tax legal responsibility. Phase 1231 deals with belongings or depreciable assets held for multiple years of time. This phase includes all those assets which can be traded by using the businessman or held by using the taxpayer. section 1245 deals with tangible and intangible residences which are going to be depreciable or get amortized.
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FILL IN THE BLANK. in the ___phase the firm analyzes its end-user business requirements and refines project goals into defined functions and operations of the intended system.
In Analyzing Phase the firm analyzes its end-user business requirement and refines its end-user business requirements and refines project goals into defined functions and operations of the intended system.
What is Analyzing Phase?
The intent of the Analysis Phase is to define and formalize the system's requirements. This is accomplished by determining what the system should do based on the needs and expectations of the system's end users. To demonstrate an understanding of the requirements, these requirements are then modeled in the form of business, data, event, and process models. The Analysis Phase allows developers and customers to proceed with the same set of expectations regarding scope and requirements. To begin the design phase, determine the instructional needs, analyze the learner's needs, and establish instructional goals. It is the stage of the digital forensics process in which all data collected is analysed and tracked.
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The LaGrange Corporation had the following budgeted sales for the first half of the current year:
Cash Sales Credit Sales
January $ 90,000 $ 190,000
February $ 95,000 $ 210,000
March $ 30,000 $ 170,000
April $ 25,000 $ 110,000
May $ 35,000 $ 240,000
June $ 120,000 $ 40,000
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:
Collections on sales:
50% in month of sale
40% in month following sale
10% in second month following sale
The accounts receivable balance on January 1 of the current year was $65,000, of which $50,000 represents uncollected December sales and $15,000 represents uncollected November sales.
What is the budgeted accounts receivable balance on May 31?
The budgeted accounts receivable balance on May 31 will be $131,000.
A budget account refers to a customer account with a retailer that lets the customer to produce regular monthly payments to cover past and future purchases. The budgeted accounts receivable is calculated by add the sum of budgeted sales.
Percentage of may sales is founded by add percentage in month following sale and percentage in second month following sale
= 40% + 10% = 50%
To determine the budget accounts receivable balance on May 31, we can calculate use this formula:
Budgeted accounts receivable balance on May 31 = 10% of April sales + 50% of May sales
= (10% x 110,000) + (50% x 240,000)
= 11,000 + 120,000
= 131,000
Thus, the budgeted accounts receivable balance on May 31 will be $131,000.
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When carhartt allowed edwin and faeh to sell their apparel in europe, they were expanding globally through Maltiple Choicejoint venture.exporting.acquisition.
When Carhartt allowed Edwin and Faeh to sell their apparel in Europe, they were expanding globally through exporting.
Exporting is the process by which businesses from one nation sell their products and services to clients or customers in another nation. Energy and natural resources, as well as raw materials like food or textiles and completed consumer goods like electronics, are frequently exported between nations.
Exporting is the practice of producers and merchants who sell their wares to consumers in other countries. One approach for firms to expand their potential market, increase revenue, and expand is by exporting.
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if a firm is evaluating two possible projects, both of which require the use of the same production facilities, and taking one project means that we cannot take the other, these projects would be considered blank .
If a company is evaluating two possible projects, both of which require the use of the same type of production facilities, and taking one project means that they cannot take the other, these projects would be considered mutually exclusive.
Mutually exclusive projects are referred to as those capital projects which compete directly with each other. For instance, if a company has to make a choice strictly between undertaking either project A or B, but not both of them concurrently, then projects A and B are said to be mutually exclusive.
It can be stated as if the company pursues project A, then it cannot pursue project B at the same time and vice versa.
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What is investment gain ?.
The investment gain is the difference between the cost price and the selling price of the investment.
The capital that gains from an investment is called as the profit of the investment. The The investment gain is the difference between the cost price and the selling price of the investment. the investment gains increase the value of the capitals asset. when we sell the investment at the higher price than the cost price or the price we paid is called as the investment capital gain.
Investment gain can be calculated by the subtraction of selling price and the initial price of the investment.
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According to Thomson Financial, ast year the majority of companies reporting profits had beaten estimates sample of 162 companies showed that 100 beat estimates, 29 matched estimates; and 33 fell short: (a) What is the point estimate of the proportion that fell short of estimates? If required_ roung your answer to four decima places: Pshort (b) Determine the margin ettor and provide 95% confidence interval for the proportion that beat estimates If required, round your answer four decimal places _ ME (c) How large sample needed if the desired margin of error 0.05? If required, round your answer to the next integer:
According to Thomson conditions on Financial, a) The point estimate is: p= 0.1173. b) For 95% confidence level, critical value of z is = 1.96 . c) If ME = 0.05 , the required sample size is 160.
a) The point estimate is: p = x/n = 19/162 = 0.1173
b) For 95% confidence level, critical value of z is = 1.96 .
(Margin Error) ME : The margin of error is given below:
[tex]ME = z * \sqrt{\frac{p(1-p)}{n} } \\ME = 1.96 * \sqrt{\frac{0.1173(1-0.1173)}{162} } \\ME = 0.0495[/tex]
c) If ME = 0.05 , the required sample size is:
[tex]n = p(1-p) * (\sqrt[]{\frac{z}{ME} })^{2} \\\\n = 0.1173(1-0.1173) * (\sqrt[]{\frac{1.96}{0.05} })^{2} n = 160[/tex]
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to ensure that the financial statements articulate, it is important that the projected change in the cash balance on the balance sheet each year agrees with_________
To ensure that the financial statements articulated, it is important that the projected change in the cash balance on the balance sheet each year agrees with the net change in cash on the projected statement of cash flows.
In financial accounting, a balance sheet is a summary of the financial balance of an individual or organization, whether it is a sole proprietorship, partnership, corporation, limited liability company, or other organization such as a government or non-profit organization. Z.
The term balance sheet refers to the financial statements showing the assets, liabilities and equity of a company on a specific date. The balance sheet forms the basis for calculating investor returns and assessing a company's capital structure.
The balance sheet follows the formula Assets = Liabilities + Equity and is always the same on both sides. Both credit and debit balances of company checking and personal accounts are taken into account. Balances correspond to personal accounts and are known as company liabilities.
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research and development costs for projects other than software development should be: expensed if unsuccessful, capitalized if successful.
For projects other than the development of software, research and development costs should be deducted as they are incurred.
Are expenses for research and development capitalized or expensed?Companies are required to expense their R&D expenses under Generally Accepted Accounting Principles (GAAP) in the same year as the item was incurred.
Unless there is another potential application for the costs in the future or if the company was contracted to conduct the research, charges associated with research and development are typically expensed in the income statement.
The main issue for businesses is that future research and development gains are unclear to be realized, making it impossible to capitalize R&D spending. Companies must expense all costs associated with research and development when they are incurred according to accounting standards.
Why aren't the expenditures of research and development capitalized?Because it is impossible to accurately predict the future economic advantages of research and development expenditures, businesses are not permitted to capitalize these costs. R&D includes a lot of trial and error.
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Managers’ power over employees, granted based on their position within the organization, is considered.
Managers’ power over employees, granted based on their position within the organization, is considered Legitimate power.
What is Legitimate power ?In a company, there are various types of powers that a manager can have over their employees including expert power, legitimate power, referent power, and informational power. These types of powers all refer to the different ways that a manager can control their employees to be able to guide them to meet the goals of the organization.
One important type of power that managers have is the Legitimate power. This is the formal power that a manager can have on other employees, thanks to their position in the organization. For instance, a mid level manager has Legitimate power over employees in the lower levels and even lower - level managers as well. This would then allow them to use their position to influence decisions.
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which pricing objective for international products and services includes bottom-line goals such as net profit, return on investment, market share, and penetration?
The pricing objective for international products and services includes bottom-line goals such as net profit, return on investment, market share, and penetration Performance objectives.
What are the top three international marketplaces where a corporation sells its goods and services?There are three main markets for buying and selling in the modern global economy: the consumer, business, and government.
What happens when pricing strategy is decided upon using a profit objective?a pricing approach where the price of a product is increased as demand for it increases and decreased when demand decreases.
Quiz: What are the four common pricing objectives?Four frequent price goals include maximizing profits and sales, increasing market share, maintaining the status quo, and surviving.
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as an auditor, why would we be concerned with a high volume of transactions that exceed the benford expected value?
A large number of transactions that go above the Benford limit. An auditor might be concerned about the expected value since it might be a sign that the data has been altered.
What do you mean by an auditor?An auditor is a person qualified to examine and confirm the accuracy of financial documents and guarantee that businesses obey tax regulations.
A professional and impartial opinion on these financial statements is what the auditor or reviewer's job entails. Greater accountability to the members can be achieved through the review or audit of an association's financial report, which also guarantees that all money received by the group have been properly accounted for.
Therefore, a large number of transactions that go above the Benford limit. An auditor might be concerned about the expected value since it might be a sign that the data has been altered.
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Which of the following statements about the impairment of value of property, plant, and equipment and finite-life intangible assets are true? (Select all that apply.)
- In terms of when to test, under IFRS, assets must be assessed for indicators of impairment at the end of each reporting period.
= In terms of recoverability, IFRS uses the same equivalent recoverability test as under U.S. GAAP.
- In terms of measurement, under IFRS, the impairment loss is the amount by which fair value is less than book value.
- In terms of subsequent reversal of loss, under IFRS, subsequent recovery of loss is required if the circumstances that caused the impairment are resolved.
- In terms of when to test, under IFRS, assets must be assessed for indicators of impairment at the end of each reporting period.
- In terms of subsequent reversal of loss, under IFRS, subsequent recovery of loss is required if the circumstances that caused the impairment are resolved.
All linked account balances must be adjusted, past years' financial statements must be retroactively recast, and one of the following disclosure notes must be included on the impairment of property, plant, and equipment, and finite life intangible assets. That's accurate.
All research papers are required by the Securities and Exchange Commission (SEC) to include a disclosure statement. If a study paper you are reading doesn't include a disclosure statement, you should dismiss it since you can't trust it.
Users of financial statements rely on note disclosures as a key source of information when making judgments about a government's financial health and determining whether it has been fiscally and operationally accountable.
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During a sales presentation, Jeff, a salesperson at ChemHands, presents a sequence of benefits of using ChemHands sanitizers. To assess the prospective buyer's level of interest in the company's sanitizers, Jeff should use a) anecdotes b) check-backs c) examples d) analogies e) sales aids
Jeff should make use of check-backs to gauge the level of interest the potential buyer has in the company's sanitizers.
What are the check-backs?
Check-backs are used to go back to a location, a person, and more. to acquire more information or to try anything again. The company is not hiring right now, but check back in a month.
A sales representative from Chem Hands named Jeff goes through a list of advantages of using their hand sanitizers during a sales presentation. Jeff should make use of check-backs to gauge the level of interest the potential buyer has in the company's sanitizers.
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which of the following will you select as x in the following series of clicks to change the chart layout for lines or bars that you want to change: chart > chart tools > layout tab > x > layout option for any lines or bars that you want to add or change?
Insert Pie or Doughnut Chart.To make page setup changes, on the Print Preview tab, in the Print group, click Page Setup.
Where can you adjust Page Layout settings and see how they affect a preview of the printed worksheet?Word.Insert > Chart is selected.Double-click the desired pie chart after selecting Pie.Replace the placeholder data in the spreadsheet that appears with your own data.Choose the information that will be plotted in the doughnut chart.Select "Other Charts" from the Charts group under the Insert tab.Select Doughnut by clicking under it.While the donut graph guides the reader's eye around the arcs of the circle and tends to generate more of a story, the pie graph delivers a strong and instant impression of overall proportions.The ability to display additional data at the graph's center is one benefit of the doughnut graph.To learn more about Page Layout refer
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FILL IN THE BLANK. when the amount of available information is ___, managers tend to make better decisions; while, when the amount of information is ___ , there is a high risk of making poor decisions.
When the amount of available information is high, managers tend to make better decisions; while, when the amount of information is low , there is a high risk of making poor decisions.
People's decisions are amount frequently greatly influenced by their past experiences. They frequently may base their decisions on strategies that have previously been successful. Multitasking: Making incorrect decisions managers is more likely when you try to juggle too many things at once. Bad choices have a negative impact on one's life. Actually, the choice we make now will determine whether or not we succeed. If we make the incorrect choice, it will ruin innumerable wonderful times in life, thus we must repent.
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match the promotional effort to the audience it is best suited to. mass media mass media drop zone empty. personal selling personal selling drop zone empty. direct marketing direct marketing drop zone empty. buyers of consumer products in which the number of buyers is potentially large used to encourage first-time or repeat purchases buyers shopping in a retail store
A promotional mix is an allocation of resources among five primary elements Advertising, Public Relations or Advertising, Sales Promotion, Direct Marketing, Personal Selling.
The promotion seeks to communicate the message of the company to the consumer. Nearly 60% of B2B marketers say email is the most effective channel for generating revenue, according to PR Newswire. This advertising medium allows you to segment, target and activate ads. Personalized email also helps distinguish your brand. Advertising. Advertising is a paid promotion method in which a sponsor draws the attention of the public through paid advertisements. This promotional mix component uses paid media channels like TV, radio, newspapers, billboards, or even digital advertising channels like social media platforms and search engines.
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in reviewing research on power, you discover that there are three other common sources of power in organizations. which of the following are included in that list? check all that apply. information machiavellianism locus of control network of relationships
In reviewing research on power, you discover that there are three other common sources of power in organizations. Personal Effort, Network of relationships, Information.
There are a spread of criminal types of businesses, together with groups, governments, non-governmental businesses, political groups, global corporations, defense forces, charities, now not-for-profit groups, partnerships, cooperatives, academic establishments, and so forth.
An employer is a collection of folks that work collectively, like a neighborhood affiliation, a charity, a union, or an enterprise. you may use the word organization to consult an organization or commercial enterprise, or to the act of forming or establishing something.
An enterprise organization is an entity fashioned for the purpose of wearing on business organization. Such a corporation relies on structures of law governing settlement and change, property rights, and incorporation. Alexander Hamilton.
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The terms price and quantity are used when computing direct BLANK variance, while the terms rate and hours are used when computing direct BLANK variances.
1. material
2. labor
The terms price and quantity are used when computing direct material variance, while the terms rate and hours are used when computing direct labor variances.
Direct material variance is the difference between actual costs incurred and the standard cost of materials arising from manufacturing operations. It assesses if the standard price has been excessively or inadequately applied to various purchasing units.
The difference between the actual production cost and the standard production cost is known as the direct labor cost variation.
The direct labor rate variance calculates the expense of the discrepancy between the predicted and actual labor rates. It will be deemed unfavorable if the variance shows that actual labor rates were greater than anticipated labor rates.
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which of the following characteristics apply to taxable fringe benefits? (check all that apply.) multiple select question. employers treat the taxable fringe benefits the same as cash compensation. the cost of the taxable fringe benefit is deductible to the employer, not the value of the benefit to the employee. employers may not discriminate between employees, but must offer the same taxable fringe benefits to all employees regardless of compensation level. employees are taxed on the value of the benefit, rather than the cost paid for the benefit.
The characteristics that apply to taxable fringe benefits are:
Employees are taxed on the value of the benefit, rather than the cost paid for the benefit.The cost of the taxable fringe benefit is deductible to the employer, not the value of the benefit to the employee.Employers treat the taxable fringe benefits the same as cash compensation.What are fringe benefits?Fringe benefits are added to the compensation companies offer their employees. Some fringe benefits are given universally to all employees of a company, while others can only be offered to those at the executive level. Some benefits are provided to compensate employees for their work-related costs, while others are geared toward overall job satisfaction.
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