Business systems are primarily computer-based information systems that provide organizations with valuable information.
Why we need computer based information systems for businesses?
Managers who must make decisions on specific situations are given information. Provides assistance for making decisions in ill-structured settings. Many office tasks can be carried out electronically thanks to this multi-functional, computer-based system.
What is the role of information system in business?
In order to support organizational functions like decision making, communication, coordination, control, analysis, and visualization, information systems gather, store, and transmit information from an organization's environment and internal activities.
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________ entails a process of balancing various engineering, manufacturing, marketing, and economic considerations to develop a product’s form and features or a service’s features.
Innovations entails a process of balancing various engineering, manufacturing, marketing, and economic considerations to develop a product’s form and features or a service’s features.
What is innovation?Innovation is the implementation of thoughts in a way that results in the creation of innovation or enhances the delivery of existing ones. "A new or changed entity realizing or redistributing value" is the definition of innovation. Others have different definitions, but they all place an emphasis on the novelty, development, and dissemination of concepts or technologies.
Innovation frequently occurs as a result of the creation of more efficient goods, procedures, services, technology, works of art, or marketing strategies that innovators render available to consumers, governments, and society. Innovation and invention are interrelated, but they are not the same thing. Innovation is more likely to entail the direct implementation of an invention, and not all innovations necessitate the development of new invention.
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The document that outlines the duties and responsibilities of a salon or spa position is called __________
a. job description.
b. performance review.
c. employee evaluation form.
d. ticket.
The correct option is (a) job description.
The document that outlines the duties and responsibilities of a salon or spa position is called job description.
What do you mean by job description?
A job description is a practical document written in simple language that outlines the duties, responsibilities, tasks, and goals of a position. It describes who is responsible for performing a particular sort of work, how that work is to be accomplished, how frequently that work is required, and how it links to the mission and goals of the company.
Important company information, such as the firm mission and culture as well as any employee benefits, should be included in a job description. Additionally, the salary range and to whom the position reports may be mentioned. A good job description will give candidates enough information to decide whether they are qualified for the role.
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When a mcdonald's opens in your local area by franchising to a franchisee, what is the benefit to the mcdonald's corporation?
By expanding its franchisee of locations by one more, McDonald's Corporation gains. McDonald's will undoubtedly make alot of money at the new location. Since franchisee offer finance choices, building and training support, marketing assistance, and specific techniques that have been proved successful on the front line for years, they significantly reduce the risk that most small business owners confront.
Franchisees' chances of success are further increased by strict upfront requirements for capital investments and managerial experience. Business makes money by leveraging its fast food product to franchisees who must lease facilities that are owned by McDonald's, frequently at significant markups.
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When a salesperson asks ?could you tell me more about that?? which type of probing technique is being used?
Amplification is type of probing technique is being used .
What is a Probing Sales Question?Simply put a probing sales question is one designed to get your prospect to reveal information that you can use to facilitate closing and cooperation. They’re designed to expose information about the prospect that they might not disclose immediately. A good example of this is your prospect revealing a pain you can exploit in your sales pipeline.
Sales probing questions are similar to discovery questions however they are more detailed than the latter. Probing questions go deeper, so a good technique to follow is to start with discovery questions and then follow up with probing questions. You have to exercise your judgment about when to strike.
Think about it this way, discovery questions help you find an issue you can exploit, and probing questions allow you to work out how to exploit it. Both furnish information of different varieties. Let’s look at some examples of probing questions you can use during your sales process.
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The supply of loanable funds slopes ______ because an increase in the interest rate induces __________.
a. upward; more saving
b. downward; less saving
c. downward; less investment
d. upward; more investment
The supply of loanable funds slopes upward because an increase in the interest rate induces more savings.
The answer is option a. more saving
The supply curve is upward sloping due to the fact because the interest rate will increase, humans will need to shop greater. Individuals deliver loanable finances through savings. When delivery for financial savings increases, the number of loanable budgets increases, and the real interest price decreases.
The supply of loanable funds curve slopes upward. Because the hobby price rises, the go back on saving will increase, and the amount of loanable price range provided increases. as the interest fee falls, saving becomes less attractive and consumption will become extra attractive, so the amount of loanable budget supplied decreases.
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True or false? the patient should be given a receipt for payments on account even if the account is not paid in full.
The statement is True.
What does receipt mean?Receipts are formal records that serve as evidence of a transaction or purchase involving money. Both stock market transactions and business-to-business exchanges issue receipts. As evidence of some expenses, receipts are also required for tax purposes.A payment receipt, also known as a receipt for payment, is a record that serves as evidence of purchase. It is supplied by a company to its clients following the receipt of payment for any good or service.The patient's receipt can assist you to understand this. You have a right to the patient's receipt under the law. This implies that if you request it, your doctor is required to give it to you. Its contents must be clearly explained and understandable to laypeople.The patient should be given a receipt for payments on account even if the account is not paid in full.
The statement is True.
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Describe how effective employee relations techniques prevent the need for unionization.
The secret to achieving a union-free workplace where unions are simply unnecessary may lie in having good employee relations.
What are employee relations?Employee relations are defined as an organization's efforts to establish and preserve a good working connection with its employees. Organizations strive to retain employees' loyalty and increase their level of engagement at work by sustaining strong, constructive employee relations. Organizations strive to retain employees' loyalty and increase their level of engagement at work by sustaining strong, constructive employee relations.What are ways to establish strong employee relation?Your approach for good employee relations should begin with hiring. When it comes to selecting the best applicant for the job, you should work along with your human resources specialists.When it comes to fostering a great workplace culture, communication is of the utmost importance. Communicate as early, frequently, aggressively, and consistently as is practicable regarding all issues affecting the company, HR issues, or community-related issues.First and first, all of your managers, supervisors, and staff members need to be aware of what a union is and what takes place during union organizing drives. Employees should have a rudimentary awareness of the reasons why unions might snoop around their workplaces and their legal rights in the event that union organizing occurs.Make sure there is a network in place to report any and all suspicious or anomalous third-party activity. Representatives from human resources must delicately balance the roles of management defender and employee advocate. They should have a strong understanding of union avoidance and detection techniques.By offering competitive wage and benefit structures, a real union-free culture can set itself apart from companies that use unionized workers and rival brands of goods.Employee retention starts with the employment process, from the first interview to the onboarding procedure, as we mentioned before. Consider creating a Pre-Hire Orientation film that truthfully outlines the organization, your brand, your values, and your culture—not to mention, of course, the job and the requirements for the position.Always design policies and procedures with the third party out of the picture. The greatest amount of development, encouragement, and fostering should go into things like skip-level meetings, spontaneous employee appreciation, general employee recognition, staff involvement, company-sponsored community involvement, etc.Establishing teams that provide employees the freedom to share their opinions, ideas, and proposals is essential for a successful employee relations approach. It is impossible to emphasize the value of receiving regular and consistent feedback from your staff.It goes without saying that you must support great employee relations if you want to become a top employer. This will enhance employee retention in addition to assisting your business in being a union-free environment.
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What is available to maintenance technicians to reduce the complexities of maintenance tracking?
"Preventive maintenance" is available to maintenance technicians to reduce the complexities of maintenance tracking.
What is preventive maintenance?Regular preventative maintenance guarantees the smooth operation of your facility and gives you piece of mind.
Here are some advantages of preventive maintenance;
Extend the life of the asset: Possibly the most significant advantage of preventive maintenance is increased asset longevity. Maintaining your equipment will enable it to run longer and cost less.lower danger of failures: Preventive maintenance also has the important benefit of lowering the risk of breakdowns. In actuality, a decreased chance of breakdown is the primary cause of the majority of the advantages stated here.Boost performance: Equipment that receives regular preventative maintenance not only lasts longer, but also operates more effectively. Overall Equipment Effectiveness, or OEE, is a popular KPI for maintenance management that gauges productivity.Reduce unscheduled downtime: Machine downtime is unavoidable when maintenance is being done, whether you elect to use reactive or preventive maintenance. However, by planning maintenance ahead of time with a preventative maintenance strategy, downtime can be considerably decreased.To know more about preventive maintenance, here
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Which filter can be used to find a specific project when in the work area? template name team member due date project name
The project name filter can be used to find a specific project when in the work area.
Every project has a unique and special name and it does not consider with any other project. Different projects may have the same due date, common team members, or template name as these can be used for many projects at the same time or but no two will have similar names.
A project filter allows querying in the context of a particular assignment. A venture clear out allows you to apply an undertaking filter out on the pinnacle of a question. This permits you to slim down query consequences when trying to find an object or object without changing the question.
On the View tab, inside the records group, select the arrow next to filter, after which select extra Filters. Choose mission or useful resource (depending on which sort of clear out you want to create), after which choose New. type a name on your new filter out.
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Logistics, budgeting, supplier relations, purchasing, staffing, and more are tasks that require operations managers to:_________.
Logistics, budgeting, supplier relations, buying, staffing, and more are tasks that require operations managers to interact with every purposeful place of an enterprise.
Business operations are all the sports done behind the curtain to preserve the business jogging. In most groups, operations managers oversee the massive picture of their corporation. They may be chargeable for coping with techniques, purchasing, accounting, human sources, inventory, and IT. There are unique stages to an operations manager's profession route. Operations managers are on occasion additionally called chief operating officers or COOs. Their position is vital in making sure businesses run easily and have the whole lot they need to be effective.
The roles and capabilities of operations managers range among companies and departments. In widespread, operations managers specialize in one or more aspects of a commercial enterprise and oversee operations within their departments. you could upload the key responsibilities of operations managers at your commercial enterprise to our operations manager position description to create a descriptive process commercially.
Applicants with a diploma in enterprise management, business control, or accounting, and relevant enjoy in a position that might prepare them for the responsibility of operations managers are traditional qualifications.
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The Mahoney Company has two producing departments: assembly and finishing. The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year: If Mahoney uses a plantwide predetermined overhead based on direct labor hours, what would be the predetermined overhead rate for the current year
If Mahoney uses a plantwide predetermined overhead based on direct labor hours, what would be the predetermined overhead rate for the current year is: $4 per Direct Labor Hour.
Predetermined overhead rateUsing this formula
Predetermined overhead rate=Manufacturing Overhead/Direct labor hours
Let plug in the formula
Predetermined overhead rate = $300,000/75,000
Predetermined overhead rate = $4 per DLH
Therefore If Mahoney uses a plantwide predetermined overhead based on direct labor hours, what would be the predetermined overhead rate for the current year is: $4 per Direct Labor Hour.
The complete question is:
The Mahoney Company has two producing departments: assembly and finishing. The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year:
Assembly
Finishing
Total
Manufacturing Overhead
$200,000
$100,000
$300,000
Direct labor hours
40,000
35,000
75,000
Machine hours
5,000
16,000
21,000
Mahoney started and completed Job 1512 during the year. The job-order cost sheet indicated the following:
Materials Requisitioned$18,000
Direct labor cost16,000
Direct labor hours:
Assembly1,700 Hours
Finishing1,300 Hours
Machine Hours
Assembly1,000 Hours
Finishing700 Hours
A total of 2,000 units were produced on Job 1512.
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______ management refers to the activities related to planning for, attracting, developing and retaining an effective workforce.
Human resource management refers to the activities related to planning for, attracting, developing and retaining an effective workforce.
What are Human Resources?
Human Resources refers to the total sum of people that an organization will require in order to execute and attain it business strategies and objectives.
The Human Resources requirement for every organization is unique, but the principles of managing them are the same.
Human resource management (HRM) is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them. As a field, HRM has undergone many changes over the last twenty years, giving it an even more important role in today’s organizations. In the past, HRM meant processing payroll, sending birthday gifts to employees, arranging company outings, and making sure forms were filled out correctly—in other words, more of an administrative role rather than a strategic role crucial to the success of the organization.
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The balance in the j. higgins, withdrawals account was $4,700. the entry to close the account would include a?
The balance in the j. Higgins, withdrawal account was $4,700. the entry to close the account would include a debit to J. Higgins, Capital, $3,200.
A direct debit is a record of the amount deducted from your bank account, such as when you write a check. The total debits must balance the total credits. Synonyms: Payment, Liability, Payment, Obligation Other synonyms for direct debit.
In accounting, a credit is an entry that records a decrease in an asset or an increase in a liability, and a decrease in expenses or an increase in income (as opposed to a debit that does the opposite). Thus, credits increase net income on the company's income statement, while debits decrease net income.
A direct debit is a payment made or debited or an indication of the amount debited. Attempting to track a mysterious $2 withdrawal from a bank account is unlikely to succeed, but it should be done anyway.
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The amount of additional satisfaction obtained from consumption of an additional unit of a good or service is _______.
The amount of additional satisfaction obtained from consumption of an additional unit of a good or service is "Marginal Utility".
What is marginal utility?The additional pleasure a consumer has from owning one extra unit of an item or service is known as marginal utility. Economists utilise the idea of marginal utility to estimate the quantity of a good that consumers will buy.
Some key features of marginal utility are-
The additional satisfaction a consumer experiences from owning one extra unit of an item or service is known as marginal utility.When the overall utility is increased by the consumption of the an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit.Economists utilise the idea of marginal utility to estimate the quantity of a good that consumers will buy.Progressive taxation are frequently defended using the law of decreasing marginal utility.Negative, zero, or positive marginal utility are all possible.To know more about rule of marginal utility, are
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Explain the purpose of making individuals aware of their underperformance clearly but sensitively.
The purpose of making individuals aware of their underperformance clearly but sensitively is to avoid creating a damage to the person because human are emotional being.
What is underperformance?This occur when an individual is preforming below expected. Usually, there is task to accomplished at a particular time and if its is not done tp time and does not produce expected result then, it is said that the individual under performed.
An employee can underperformed also when the clearly set contract projection plan is low or when an employee do not perform the necessary duties of their role.
When an individual underperformed it can be brought to the notice of the person n a very calmly manner to avoid damage of emotions and self esteem.
Therefore, The purpose of making individuals aware of their underperformance clearly but sensitively is to avoid creating a damage to the person because human are emotional being.
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To protect consumers, the sec requires brokers and dealers to information about securities.
SEC requires brokers and dealers to reveal information about securities to protect consumers, the statement is true.
What is SEC?
SEC stands for the securities and exchange commission of the United States, governing in the cases of misconduct in the financial clauses of business by sharing false information or involving in fraud.
SEC aims to protect investors by enforcing strict laws on securities and punishing the violators of the law. They help in supervising the securities markets and organizations to ensure that fair and honest treatment is received by investors.
Objectives of SEC :
The objective of the SEC (securities and Exchange Commission) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. they also protect consumers by requiring brokers and dealers to reveal information about securities.
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Answer:
reveal
Explanation:
EDGE
If an asset is easily changeable into another asset or good, it is said to be _____.
If an asset is easily changeable into another asset or good, it is said to be liquid assets.
Assets that are easily convertible into cash are referred to as liquid assets. Even while assets are priceless belongings that may be exchanged for money, not all of your assets can be sold right away for cash or without incurring a loss. Cash is a common liquid asset. The most liquid asset is cash.
Any investment properties you hold are not categorized as liquid assets since, as we just explained, real estate is not regarded as liquid.
An asset is anything that has financial value to a company or a person. However, liquid assets are those that can be rapidly, securely, and readily swapped for money. Stocks, receivables, and inventories are a few examples of liquid assets that can be easily converted into cash.
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Acc 450 the date of the management representation letter should coincide with the:_____.
Acc 450 the date of the management representation letter should coincide with the auditor's report.
A management representation letter could on the whole be dated the equal date as the auditor's report, although it may be dated and received later to verify oral representations. however, the letter should be is not dated no in advance than the auditor's document.
All financial records have been made to be had to the auditors. All board of directors mins is whole. Management has made available all letters from regulatory companies regarding financial reporting noncompliance. There aren't any unrecorded transactions.
Management representations should be obtained about uncorrected misstatements diagnosed by using the auditor, the absence of unrecorded transactions, and times of immaterial fraud involving employees who've widespread roles in internal control.
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_____ are large pools of money set aside by corporations, unions, and governments for later use in paying retirement benefits to their employees or members. Group of answer choices Workers' compensation funds Unemployment benefits Slush funds Pension funds Floats
Pension funds are large pools of money set aside by corporations, unions, and governments for later use in paying retirement benefits to their employees or members. A pension fund otherwise known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. Hence, the correct answer is Pension Funds. Read below about Pension funds.
What are Pension funds?Pension funds are reserved pools that pay for workers' retirements. Funds are paid for by either workers (contributory pension), employers, or both. Corporations and all levels of government provide pensions. Companies reduce pension fund risk by relying on fixed income strategies.
Therefore, the correct answer is as given above.
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What is one of the scrum master's responsibility during innovation and planning iteration?
The scrum master's responsibility during innovation and planning iteration is chargeable for growing and onboarding venture groups.
The Scrum grasp is chargeable for growing and onboarding venture groups, integrating them into the agency and providing a clear imaginative and prescient of the product. The Scrum grasp additionally enables conversation and records alternate between external organizations and the project team.
Scrum grasp is the person that is answerable for facilitating/coaching the improvement group and the Product owner to work on the day after day development sports. he is the only who ensures that the group knows the Scrum Values and concepts and is capable of practice the
The Scrum grasp must spend time making ready the retrospective, because it's a number one vehicle for development. recognition on gadgets the crew can cope with, not on how others can enhance. The Scrum grasp is responsible to educate and educate crew individuals in a proactive way, and persuade them to do the right factor.
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One of the most popular short-term investments for the largest business organizations is?
One of the most popular short-term investments for the largest business organizations is commercial paper.
What do you mean by commercial paper?
Commercial Paper (CP) is a type of promissory note that is an unsecured money market instrument. In order to give highly rated corporate borrowers more options for short-term borrowing and to give investors another tool, CP was created in India in 1990.
A popular form of unsecured, short-term debt issued by firms, commercial paper is generally used to finance payroll, accounts payable, inventories, as well as to satisfy other short-term obligations.
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In a payback analysis, the ____ values are the running sums of the time-adjusted benefits over all the years
In a payback analysis, the Cumulative Time-Adjusted Benefits values are the running sums of the time-adjusted benefits over all the years.
The Payback length suggests how long it takes for a business to recoup an investment. This form of evaluation allows firms to examine opportunity investment opportunities and determine on an assignment that returns its investment in the shortest time if that criteria is vital to them.
Payback evaluation is a mathematical technique to determine the payback duration for an investment. The payback duration is how long it'll take to pay off the funding with the cash glide derived from the asset or undertaking. In colloquial phrases, it calculates the 'destroy-even point.
The payback length is favored whilst a corporation is under liquidity constraints because it may display how lengthy it ought to take to recover the money laid out for the task. If quick-term coin flows are a problem, a brief payback length may be greater attractive than an extended-time period funding that has a better NPV.
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An architectural firm fired an architect after she was injured in a fall and filed a workers’ compensation claim. this is an example of a ________ and is illegal.
An architectural firm fired an architect after she was injured in a fall and filed a workers’ compensation claim. this is an example of a retaliatory discharge and is illegal.
Retaliatory Discharge is a type of unlawful termination that involves taking revenge or retaliating against an employee for doing anything that is unrelated to their performance at work. This can take the form of actions like making a workers' compensation claim or asking for the legally needed payment.
punishment imposed by an employer on a worker for partaking in legally protected behavior, such as filing a harassment claim or helping with an inquiry at work. Any adverse work action, such as a demotion, warning, dismissal, wage reduction, or job or shift change, might be considered retaliation.
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How are power and the various globalisms linked? Can you provide an example from your own life?
Globalism is a means through which new manifestations of power are exercised. The power to affect which direction the world will take in the 21st century lies with a new generation of leaders and strategic thinkers who are, themselves, a product of this evolving global era.
Globalism illustrates important trends in international security that states ignore at their peril whereas the core concept of power remains the most important independent variable shaping international outcomes.
Globalism is best understood as a technologically facilitated proliferation of the means through which power within the international system is channeled and pursued.
The past decade has witnessed increasing scholarly attention to the role played by power in shaping global governance. For example, in 2014 political scientist Jeremy Shiffman called attention to the “critical need to investigate how epistemic and normative power get exercised in the global health field,” prompting an outpouring of reactions from other scholars.
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The spot rate of the euro is quoted at $1.29. the annualized forward premium on the euro is 10 percent. what is the 30-day forward rate of the euro? a.$1.28 b.$1.30 c.$1.42 d.$1.16
The 30-day forward rate of the euro is (B) $1.30.
What is a spot rate?The spot rate is the price indicated for an interest rate, commodity, security, or currency for immediate settlement. The spot rate, often known as the "spot price," is the current market value of an asset that is available for immediate delivery at the time the quote is made.The spot rate is obtained by determining the discount rate that equals the present value (PV) of a zero-coupon bond. These are based on assumptions about future interest rates. As a result, spot rates can employ varying interest rates for various years before maturity.To find the 30-day forward rate of the euro:
Given: The spot rate of the euro is quoted at $1.29.
So, $1.29 × [1+ 0.10/(360/30)] = $1.30
Therefore, the 30-day forward rate of the euro is (B) $1.30.
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What are some indicators that may support the need for an over target baseline/over target schedule?
The primary goal of implementing an over target schedule is to increase management control over the remaining project. While it results in a new baseline that is now higher than the contract budget base, it has been shown to improve control over the remaining contract work. Thus exceeds contract target cost is referred to as an Over Target Baseline.
A Total Allocated Budget (TAB) that has been formally reprogrammed to include additional performance management budget. It is calculated by combining the Contract Budget Base (CBB) and any additional performance management budgets. An over target schedule (OTS) is a condition in which a baseline schedule is time-phased beyond the contract completion date.
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Employees in a production department may receive a basic wage or salary plus a bonus that consists of a payment for each unit produced. this is called a_________
Employees in a production department may receive a basic wage or salary plus a bonus that consists of payment for each unit produced. this is called a production bonus system.
Production Bonus System: Workers in the production department may be paid a base salary or wage plus a bonus that consists of payment for each unit produced. The bonus may not be large enough to be worth the extra effort if workers don't seem to be motivated by a production bonus system. Under such a system, workers who work more quickly get compensated more, but the compensation system may not always reward high-quality work.
Businesses typically have three alternatives to think about when arranging recurrent, performance-based bonuses: bonuses determined by each person's performance. bonuses determined on a department's or business's performance. Bonuses that are not at all performance-based (e.g., a flat bonus for everyone).
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When adjusting the bank balance in a bank reconciliation, which item must be added to the bank balance?
Answer: ADJUST THE BANK STATEMENTS
Explanation:
Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.
Ngu owns equipment that cost $104,300 with accumulated depreciation of $71,200. ngu asks $37,700 for the equipment but sells the equipment for $34,800. compute the amount of gain or loss on the sale
Gain on sale of equipment = $1700 By Extracting Information.
The gain or loss on sale of an asset used in the business is the difference between 1) the amount of cash received by the business and 2) the carrying value (book value) of the asset at the time of sale.
The disposal account is the profit or loss account shown in the income statement that records the difference between the proceeds of disposal and the net book value of the asset being sold.
A gain on sale of assets arises when an asset is sold in excess of its carrying amount. Carrying value is the purchase price of an asset less subsequent depreciation and impairment losses. Profit is classified as a non-operating item on the sales company's income statement.
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Nominal gross domestic product (gdp) is a poor measure of economic growth because it?
Nominal gross domestic product (gdp) is a poor measure of economic growth because it does not consider changes in prices or population growth.
One way to gauge an economy's health and well-being is to look at its gross domestic product. It is the total worth of all things and services produced over a specific time period less the value of those who worked on those goods and services.
Nominal GDP is a measurement of economic output in an economy that takes into account current prices. It does not adjust for inflation or the rate of price increases, which can overstate the growth rate.
The prices that were actually paid for all products and services in that year are the values used to calculate nominal GDP.
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