Evaluate the following statements. Do you agree with the statements? Support your evaluation with reference to relevant accounting concepts, principle, procedure and where appropriate an example.
a Internal controls lead to barriers in smooth workflow of an organisation.
b Sole proprietorship is the best form of organisation.
c A business with high cash balance must be profitable
d Journal and ledger duplicate each other and serve as a substitute of each other. 3 50 e Closing entries are a substitute for adjusting entries.

Answers

Answer 1

a) Internal controls lead to barriers in the smooth workflow of an organizatioI disagree with this statement. Internal controls are put in place to safeguard assets, ensure accuracy and reliability of financial information, promote operational efficiency, and ensure compliance with laws and regulations. While it is true that certain control measures can introduce additional steps or approvals in workflow processes, the overall purpose is to mitigate risks and enhance the effectiveness and efficiency of operations. Internal controls help identify and prevent errors, fraud, and misuse of resources, which ultimately contribute to a smoother and more reliable workflow.

b) Sole proprietorship is the best form of organization.This statement is subjective and depends on various factors. While sole proprietorship offers simplicity in terms of formation and decision-making, it also entails unlimited personal liability and limited access to capital. Other forms of organization, such as partnerships, corporations, or limited liability companies, may provide benefits like shared liability, increased access to funding, and specialized expertise. The choice of organizational structure depends on the specific circumstances, goals, and preferences of the business owner.c) A business with a high cash balance must be profitable.I disagree with this statement. Cash balance alone does not determine the profitability of a business. It is possible for a business to have a high cash balance while experiencing losses or having low profitability. Profitability is assessed by considering various factors, such as revenues, expenses, net income, and profitability ratios. A business may have a high cash balance due to factors like cash inflows from financing activities, capital contributions, or accumulated cash reserves. It is crucial to evaluate the overall financial performance and profitability of a business by analyzing its income statement and other relevant financial metrics.d) Journal and ledger duplicate each other and serve as a substitute for each other.I disagree with this statement. The journal and ledger are both essential components of the accounting process, but they serve distinct purposes. The journal records transactions chronologically, providing a detailed and chronological record of individual transactions. On the other hand, the ledger organizes and summarizes the information from the journal by account, creating a centralized record of all transactions related to specific accounts. The ledger provides a running balance for each account and facilitates the preparation of financial statements. Both the journal and the ledger are necessary for accurate and complete accounting records, and they complement each other rather than serving as substitutes.e) Closing entries are a substitute for adjusting entries.I disagree with this statement. Closing entries and adjusting entries serve different purposes in the accounting cycle. Adjusting entries are made at the end of an accounting period to ensure that revenues and expenses are properly recognized and recorded in the correct period. They bring the accounts up to date and adjust for accruals, deferrals, and other timing differences. On the other hand, closing entries are made at the end of the accounting period to transfer temporary account balances (such as revenues, expenses, and dividends) to the retained earnings account and reset the temporary accounts for the next period. Closing entries are necessary to prepare the books for the next accounting period and start with zero balances in temporary accounts. Therefore, closing entries and adjusting entries serve different purposes and are not substitutes for each other.

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Related Questions

Intro A bond has an annual coupon rate of 3.7%, a face value of $1,000, a price of $1,095.78, and matures in 10 years. Part 1 Attempt 1/10 for 1 pts. What is the bond's YTM? 4+ decimals Submit
Intro

Answers

A bond has an annual coupon rate of 3.7%, a face value of $1,000, a price of $1,095.78, and matures in 10 years. The bond's yield to maturity (YTM) is approximately 3.4351%.

To calculate the YTM, we can use the following formula:

PV = C/(1+r) + C/(1+r)^2 + ... + C/(1+r)^n + F/(1+r)^n

Where:

PV = Present value (current price of the bond)

C = Coupon payment (annual coupon rate * face value)

r = YTM (unknown)

n = Number of periods (maturity in years)

F = Face value

In this case, the bond's annual coupon payment is 3.7% of the face value, which is $1,000. So the coupon payment (C) is $37. The bond matures in 10 years (n) with a face value (F) of $1,000.

Using the given values, we can set up the equation:

[tex]1,095.78 = 37/(1+r) + 37/(1+r)^2 + ... + 37/(1+r)^{10} + 1,000/(1+r)^{10}[/tex]

Solving this equation, we find that the YTM (r) is approximately 0.034351, which translates to 3.4351% when expressed as a percentage.

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You have to analyse the social tension in Australia during the last two years, related to the way the COVID pandemic was handled by the Australian government. Government actions substantially affected habitual way of life of a typical Australian citizen and led to mass protests throughout the country.

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the COVID-19 pandemic has had a significant impact on social tension in Australia over the last two years. The government's response to the pandemic has been a source of controversy, with some citizens believing that the measures were overly strict and damaging to the economy and people's lives.

The COVID-19 pandemic has had a significant impact on the entire world, and Australia is no exception. During the last two years, the Australian government's management of the COVID-19 pandemic has been a source of social tension. Government actions significantly impacted the typical Australian citizen's habitual way of life and led to mass protests throughout the country.
The Australian government has taken a number of actions in response to the pandemic, including lockdowns, travel restrictions, and mandatory vaccinations. These measures have sparked considerable controversy and led to social tension. Some citizens believe that the government's response was inadequate and that the lockdowns and restrictions were overly strict and damaging to the economy and people's lives.
Others believe that the government's response was necessary to save lives and prevent the spread of the virus. The debate between these two groups has led to a great deal of social tension in Australia over the past two years.
One significant issue that has arisen in response to the government's COVID-19 measures is the loss of personal freedoms. The lockdowns and restrictions have resulted in significant limitations on people's ability to go about their daily lives and engage in social activities. These limitations have led to a great deal of frustration and resentment among some citizens, who believe that the government has overstepped its bounds.
Furthermore, the COVID-19 pandemic has exacerbated existing social and economic inequalities. The lockdowns and restrictions have had a disproportionate impact on certain groups, such as low-income earners and those in precarious work. This has led to mass protests and demonstrations in some parts of the country.
In conclusion, the COVID-19 pandemic has had a significant impact on social tension in Australia over the last two years. The government's response to the pandemic has been a source of controversy, with some citizens believing that the measures were overly strict and damaging to the economy and people's lives. The loss of personal freedoms and the exacerbation of existing social and economic inequalities have contributed to the social tension that exists in Australia today.

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Explain the effect of the following events on India's aggregate supply or the quantity of real GDP supplied In the short run, when U.S. firms moved their IT and data functions to India, India's aggregate supply O A. became part of U.S. aggregate supply O B. didn't change, but a higher price level brought an increase in the quantity of real GDP supplied In the short run, when the price level in Incia increased India's aggregate supply OA. decreased O B. increased OC. didn't change, but the quantity of real GDP supplied decreased C. didn't change, but U.S. aggregate supply increased O D. increased O E, decreased because more of India's workers are now employed by US firms In the short run, when Indian universities increased the number of engineering graduates India's aggregate supply D. increased and the quantity of real GDP supplied also increased OE. didnt change, but the quantity of real GDP supplied increased O A. O B. ° C. O D. O E. decreased increased didn't change, but as the price level increased the quantity of real GDP supplied increased didn't change, but as the price level decreased the quantity of real GDP supplied decreased became part of U.S. aggregate supply

Answers

In the short run, when U.S. firms moved their IT and data functions to India, India's aggregate supply didn't change, but a higher price level brought an increase in the quantity of real GDP supplied.

Outsourcing by US firms in India was on the rise. The GDP supply increased as a result of an increase in the price level. Higher prices might stimulate production in the short term, resulting in an increase in the quantity of real GDP supplied.In the short run, when the price level in India increased, India's aggregate supply decreased.

A decrease in supply can occur as a result of a variety of factors, including an increase in input prices, a decline in productivity, or a drop in the number of available resources. When the price level rises, the supply of goods and services may decrease. India's aggregate supply and the quantity of real GDP supplied increased when Indian universities increased the number of engineering graduates.

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Vaughn Corporation issues 11300 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $847500 and a credit or credits to Preferred Stock for 5847500, O Preferred Stock for $282500 and Paid-in Capital from Preferred Stock for $565000. O Preferred Stock for $565000 and Paid-in Capital in Excess of Par-Preferred Stock for $282500 O Paid-in Capital from Preferred Stock for $847500,

Answers

The appropriate answer to the problem is: Preferred Stock for $565,000 and Paid-in Capital in Excess of Par-Preferred Stock for $282,500. (Option B).

How to Arrive at the Solution?

The appropriate entry to record the transaction is:

Debit: $847,500 in cash

Credit: $565,000 in preferred stock

Credit: Paid-in Equity to Excess of Par - Preferred Shares in a total of $282,500

The initial issuance of 11,300 units of preferred stock with a par value of $50 each share is reflected in the entry. The preferred stock is issued at a premium of $75 each share above the par value. The cash received from the issuance has been accounted for by the debit to Cash.

The credit to Preferred Stock accounts for the preferred stock's par value: 11,300 shares x $50 par value = $565,000.

The extra amount collected above the par value is credited to Paid-in Capital in extra of Par - Preferred Stock: ($75 selling price - $50 par value) x 11,300 shares = $282,500.

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How does the use of mobile phones in marketing research enable marketers to potentially gain new insights while at the same time facilitating greater confidence in findings obtained using traditional approaches?

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Mobile phones in marketing research enable marketers to gain new insights by providing real-time data, access to a larger and more diverse sample, and the ability to capture location-based information.

This, in turn, facilitates greater confidence in findings obtained using traditional approaches.

Mobile phones have become an integral part of people's lives, allowing researchers to gather data in real-time. This immediate feedback enables marketers to gain new insights into consumer behavior, preferences, and trends. Mobile surveys, questionnaires, and feedback forms can be administered on-the-go, capturing authentic responses in the moment.

Furthermore, mobile phones provide access to a larger and more diverse sample of respondents. With the increasing penetration of mobile devices globally, researchers can reach a broader range of individuals, including those from remote or inaccessible locations. This expanded reach enhances the representativeness of the data, enabling marketers to draw more accurate conclusions.

Moreover, mobile phones offer the capability to capture location-based information through GPS technology. This allows researchers to analyze consumer behavior in specific geographical contexts, such as shopping patterns, preferences, or interactions with physical locations. The integration of location data with traditional research methods provides a richer understanding of consumer behavior, reinforcing the findings obtained through conventional approaches.

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formal request for vendors to provide information about how they can meet the organization's specific requirement

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An RFI is an essential part of the procurement process as it allows organizations to gather information from potential vendors and identify the best vendors for their needs.

A formal request for vendors to provide information about how they can meet the organization's specific requirement is known as a Request for Information (RFI). A RFI serves as an initial inquiry to seek out potential vendors that meet the requirements of the organization. The RFI is a process that is used in the procurement of goods and services to identify possible suppliers and is considered an essential part of the procurement process.

The RFI allows an organization to gather information about a particular product or service from potential vendors. The information collected from the RFI can then be used to determine which vendors are capable of meeting the organization's requirements.The RFI helps organizations identify the best vendors for their needs by ensuring that all vendors provide detailed information about their capabilities and services. This enables organizations to make informed decisions when selecting vendors for their procurement needs.

In conclusion, an RFI is an essential part of the procurement process as it allows organizations to gather information from potential vendors and identify the best vendors for their needs.

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How is the size of a person's Social Security retirement benefits determined?
A) It depends on the number of credits earned in a person's lifetime.
B) It depends on the average level of earning over a person's lifetime.
C) It depends on the number of years a person has paid Social Security taxes.
D) All of the above are correct.
E) Only B and C are correct.

Answers

The size of a person's Social Security retirement benefits depends on the average level of earning over their lifetime (B) and the number of years they have paid Social Security taxes (C).

The size of a person's Social Security retirement benefits is primarily determined by two factors:

B) It depends on the average level of earning over a person's lifetime: Social Security benefits are based on a person's earnings history. The Social Security Administration (SSA) considers the highest 35 years of earnings (adjusted for inflation) to calculate the Average Indexed Monthly Earnings (AIME). The AIME is then used to determine the Primary Insurance Amount (PIA), which is the monthly benefit amount a person is eligible to receive.

C) It depends on the number of years a person has paid Social Security taxes: To be eligible for Social Security retirement benefits, individuals must have earned enough credits by paying Social Security taxes. Credits are earned based on the amount of income subject to Social Security taxes in a given year. The number of credits required for eligibility depends on a person's birth year.

A) It depends on the number of credits earned in a person's lifetime: While credits are important for eligibility, they do not directly determine the size of a person's Social Security retirement benefits. The size of the benefits is calculated based on the average level of earnings and the number of years of Social Security tax payments.

These factors, along with other eligibility requirements, are used to calculate the benefit amount a person is eligible to receive.

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fter reading all the available information carefully, prepare a two page (double-spaced) essay and answer the following questions:
Assume that we have the following data:
C=100+0.50Y
Ip=100-20r
Mt=0.10Y
Ms=100-10r
M=80

a. Build the IS-LM function.
b. If we assume an increase in Investments by 100 units, please calculate again the IS-LM functions.
c. The intersection of IS-LM functions defines four areas. Please analyze the behavior of the markets for goods and money for each area.

Cite references to material that you use in preparing the essay.

Answers

We can construct the IS-LM function to analyze the behavior of the markets for goods and money. The IS-LM model is a framework used in macroeconomics to understand the relationship between interest rates (LM curve) and real output (IS curve).

a. The IS-LM Function:

The IS curve represents the equilibrium in the goods market and is given by the equation:

Y = C + I + G + NX

Where:

Y = Output or income

C = Consumption function (C = 100 + 0.50Y)

I = Investment (Ip = 100 - 20r)

G = Government spending (assumed to be constant)

NX = Net exports (Mt = 0.10Y)

The LM curve represents the equilibrium in the money market and is given by the equation:

M/P = L(r)

Where:

M = Money supply (assumed to be constant at 80)

P = Price level (assumed to be constant)

L(r) = Money demand function (Ms = 100 - 10r)

b. Increase in Investments:

If we assume an increase in investments by 100 units, the investment function (Ip) becomes:

Ip = 200 - 20r

This change would shift the IS curve upward, increasing the equilibrium level of output (Y). The new IS curve would intersect the LM curve at a higher level of income and interest rate, indicating an expansionary effect on the economy due to increased investment.

c. Behavior of Markets for Goods and Money:

The intersection of the IS and LM curves defines four areas:

Area of Equilibrium (E): When the IS and LM curves intersect, we have an equilibrium in both the goods and money markets.

Area of Excess Demand for Goods (E1): If output (Y) is below the equilibrium level, the IS curve will be above the LM curve.

Area of Excess Supply of Goods (E2): If output (Y) is above the equilibrium level, the IS curve will be below the LM curve.

Area of Excess Supply of Money (E3): If the interest rate (r) is below the equilibrium level, the LM curve will be above the IS curve.

References:

Mankiw, N. G. (2014). Macroeconomics (8th ed.).

Blanchard, O. J., & Fischer, S. (1989). Lectures on macroeconomics. MIT Press.

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Suppose we are wanting to investigate whether a new product might be adopted. Using the 5 Laws of Innovation and specifically the value offer, stability of existing alternatives and feat/uncertainty of new alternative laws, select a real-life product, and ad for the product and evaluate the ads effectiveness in persuading new customers to purchase for the first time. Please include an image of the ad in your response.

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According to the 5 Laws of Innovation  The following is an advertisement for Tesla Electric Vehicles: Tesla is an American multinational corporation that specializes in electric car, battery energy storage, and solar panel production.

Tesla has become one of the most well-known electric car manufacturers globally, and it has managed to establish a strong brand identity in a highly competitive market. Tesla’s brand identity has been created by various factors, including its product design, performance, and technological innovation.

The Tesla electric car is a real-life product that satisfies all five of the laws of innovation. Tesla has a strong value proposition, which is their high-quality electric vehicles. The Tesla electric cars are a perfect example of the stability of existing alternatives.

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The business has a functional organizational structure, and its main location is in a traditional office building setting where the work is conducted. Following a year of "work-from-home" due to Covid restrictions where employees conducted business while befriended by their canine family members, employees are returning to the office location and want to bring their dogs to work.
Using course content related to the elements that shape individual behavior, conflict, and the common desired, individual organizational behaviors, justify your position in favor of or opposition to the employees’ request.

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The business has a functional organizational structure, and its main location is in a traditional office building setting where the work is conducted. Following a year of "work-from-home" due to Covid restrictions where employees conducted business while befriended by their canine family members, employees are returning to the office location and want to bring their dogs to work.

Elements that shape individual behavior and conflict: The elements that shape individual behavior are as follows: Personality, Perception, Attitude, Learning, and Motivation. Personality refers to an individual's unique traits, perception refers to how individuals interpret the world around them, attitude refers to an individual's positive or negative feelings about something, learning refers to how individuals acquire knowledge, and motivation refers to what drives individuals to take action. Conflict is a disagreement between two or more individuals, typically due to differing opinions or interests. Common desired individual organizational behaviors: The following are some examples of desirable individual organizational behaviors: Honesty, Respectfulness, Responsibility, and Flexibility.

Justification of position in favor of or opposition to the employees’ request: Arguments in favor of allowing employees to bring their dogs to work include increased morale and job satisfaction, as well as reduced stress levels. Employees are more likely to enjoy their work if they can bring their dogs with them. Furthermore, employees who can bring their dogs to work are less likely to have to leave early to take care of them, which could result in fewer absences and increased productivity. On the other hand, allowing dogs in the workplace might be dangerous for those who are allergic to them or have a fear of them, which could result in conflict. Furthermore, dogs might be disruptive to the work environment, causing distractions and reducing productivity. In conclusion, allowing dogs in the workplace should be considered carefully, taking into account both the positive and negative aspects of the proposal.

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What would you do to strengthen their business model? Explain the
steps you would take to accomplish this?

Answers

To strengthen the business model, you can take the following steps Identify the weakness of the business model, Refine the target audience, Work on the revenue stream, and many more.

1. Identify the weakness of the business model: The first step to strengthen the business model is to identify the weaknesses. A business model has multiple components, and every component plays a significant role in the success of the business. Identifying these weaknesses and working on them can help in the development of the business model.

2. Refining the target audience: To improve the business model, you can refine the target audience. The target audience is a crucial factor in the success of a business. Targeting the wrong audience can waste resources and limit the chances of success. Thus, it is essential to refine the target audience and ensure that the product or service is catered to their needs.

3. Work on the revenue stream: Another essential factor in strengthening the business model is to work on the revenue stream. A revenue stream is the lifeblood of a business, and it is necessary to ensure that the revenue stream is robust and diverse.

Working on the revenue stream can include improving the pricing strategy, adding additional products or services, or introducing a subscription model.

4. Expand the business: Another step to strengthen the business model is to expand the business. Expansion can be achieved through various means, including introducing new products or services, expanding to new geographical locations, or establishing strategic partnerships.

Expansion can help increase revenue and open up new opportunities for growth and success.

5. Analyze and evaluate performance: The final step to strengthen the business model is to analyze and evaluate performance regularly. By analyzing performance, you can identify areas of strength and weakness, and take the necessary steps to improve the business model.

This can include analyzing financial performance, customer feedback, and market trends.

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Complete Question :

What would you do to strengthen the business model? Explain the steps you would take to accomplish this.

one z-score unit is equivalent to _____________ of the distribution.

Answers

One z-score unit is equivalent to one standard deviation of the distribution.

The concept of a z-score is used in statistics to measure the relative position of a data point within a distribution. It represents the number of standard deviations a particular value is away from the mean of the distribution. The formula to calculate the z-score of a data point is (x - μ) / σ, where x is the observed value, μ is the mean of the distribution, and σ is the standard deviation.

By definition, a z-score of 1 corresponds to one standard deviation above or below the mean. This means that if a data point has a z-score of 1, it is located one standard deviation away from the mean in the direction indicated by the sign of the z-score. A z-score of -1 represents a data point one standard deviation below the mean.

Standard deviation is a measure of the spread or variability of data within a distribution. It quantifies how much the individual data points differ from the mean. Therefore, when we say that one z-score unit is equivalent to one standard deviation of the distribution, it means that each unit of change in the z-score corresponds to a change of one standard deviation in the underlying distribution.

In summary, a z-score of one unit is equivalent to one standard deviation of the distribution. It provides a standardized measure to compare and analyze data points within a distribution, allowing for easier interpretation and comparison across different datasets.

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which of the following penalties can be assessed by the real estate board

consure

court cost

indemnification

punitive damages

Answers

The penalties that can be assessed by the real estate board are court costs and indemnification.

The real estate board has the authority to impose certain penalties on individuals or entities involved in real estate activities. Two of the penalties that can be assessed by the real estate board are court costs and indemnification.

Court costs refer to the expenses associated with legal proceedings. If a real estate agent or broker is found in violation of regulations or laws, the real estate board may require them to pay the court costs incurred during the disciplinary process.

Indemnification refers to the act of compensating someone for a loss or damage they have suffered. In the context of the real estate board, it means that the board may require an agent or broker to provide financial compensation or make amends for any harm caused to clients or parties involved in a real estate transaction

The real estate board has the authority to impose penalties such as court costs and indemnification on individuals or entities engaged in real estate activities. These penalties serve as a means to enforce compliance with regulations and ensure accountability within the industry.

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Assume that you can ignore the risk-level. If the coupon rate is unfavourable to the bank interest rate, O a. the bond price will be lower than the bond intrinsic value O b. the bond price will be higher than the bond face value
O c. the bond price will be lower than the bond face value O d. the bond price will be equal to the bond face value O e. the bond price will be higher than the bond intrinsic value

Answers

The correct answer is: c. the bond price will be lower than the bond face value.

When the coupon rate is unfavorable compared to the bank interest rate, it means that the coupon payments on the bond are lower than what an investor could earn from alternative investments with similar risk levels. In this case, investors would demand a higher yield or return on their investment.

As a result, the bond price will decrease to compensate for the lower coupon payments. The bond price will be discounted to a level that provides a yield commensurate with the prevailing interest rates in the market. This means that the bond price will be lower than its face value or par value.

Therefore, option c is the correct choice.

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What would you say about the role of tele-pharmacy?
Do you think the technology used by pharmacists has been important in exchanging information and support? Kindly describe how
What is your perception regarding ordering medication through technological means?
What would you say is the role of the technology is impacting the distribution of prescribed preventive medications?
Do you think technology is minimising the personal touch between the pharmacists and the patients? What does this mean to adherences to medications?

Answers

Tele-pharmacy refers to the practice of pharmacy via telecommunication and information technologies, like videoconferencing, where a pharmacist can offer drug counseling and consultation to a patient.

It is an innovative approach to support the provision of health care in the era of digitalisation and technology advancements. In the subsequent paragraphs, the role of tele-pharmacy and the impact of technology on the pharmaceutical industry will be discussed.

Technology used by pharmacists has played an essential role in exchanging information and support. The use of electronic health records (EHRs) has streamlined the prescribing process, reduced errors, and enhanced the flow of information among patients and healthcare providers. Through telehealth, healthcare providers can communicate with patients and pharmacists using videoconferencing to provide information, advice and support.

Ordering medication through technological means such as mobile apps and websites, have eased the process of buying prescription and over-the-counter (OTC) medicines. Online medication ordering is suitable for patients who have mobility problems or find it difficult to visit a physical pharmacy. It is also helpful for patients living in remote areas where pharmacies are not readily available.

Technology is playing a vital role in the distribution of prescribed preventive medications. It is making it possible for people to access medication and health services in remote and under-served areas. Tele-pharmacy is also helping to distribute medication in areas where there are fewer pharmacists, reducing the pressure on the existing pharmacists.

Technology is not minimizing the personal touch between pharmacists and patients; instead, it is enhancing it. Through telepharmacy, pharmacists can engage with patients more frequently, provide more focused consultation and counseling services and offer better patient care. The ability to communicate with pharmacists anytime and anywhere through technology provides the patient with a sense of security and peace of mind. This, in turn, improves medication adherence and treatment outcomes.

In summary, tele-pharmacy, electronic health records, and mobile apps have revolutionized the pharmaceutical industry, offering convenient, accessible, and affordable healthcare services. Technology has played a critical role in improving medication management, distribution, and adherence, thereby enhancing the quality of life of patients.

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In relation to futures, which is correct? Select one: a. A futures contract is defined as a standardised agreement to buy or sell a particular asset or commodity at a future date at a currently agreed on price. b. Futures represents a right to buy or sell a particular asset or commodity at a future date at a currently agreed on price. c. When a futures trader first buys a futures contract they are required to pay a maintenance margin to the broker. d. Futures are traded in over-the-counter securities markets. e. At maturity the futures trader is required to pay the difference between the contract start and close values.

Answers

The correct answer is a. A futures contract is defined as a standardized agreement to buy or sell a particular asset or commodity at a future date at a currently agreed-on price.

Option A accurately describes a futures contract, which is a standardized agreement between two parties to buy or sell an underlying asset or commodity at a predetermined future date, known as the expiration or delivery date, and at an agreed-upon price, known as the futures price. Futures contracts are traded on regulated exchanges, and they involve obligations for both the buyer and the seller.

Option b is incorrect because futures contracts do not represent a right but rather an obligation to buy or sell the underlying asset or commodity.

Option c is incorrect because the initial payment made by a futures trader is called the initial margin, not the maintenance margin. The maintenance margin is the minimum amount of funds that must be maintained in the trader's account to keep the futures position open.

Option d is incorrect because futures are typically traded on organized exchanges, not over-the-counter markets. Over-the-counter securities markets are used for trading certain other types of financial instruments.

Option e is incorrect because at maturity, for physically settled futures contracts, the trader is typically obligated to deliver or take delivery of the underlying asset, rather than paying the difference between the contract start and close values. However, cash-settled futures contracts may require a payment based on the difference between the contract price and the settlement price.

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Trust and ethics are key characteristics one would look for in a supervisor. How important are those traits in the culture of a company to you? In an age of increased electronic communication do you feel more or less connected to your peers? Why? What is your preferred method of communication? Why?

Answers

Trust and ethics are crucial traits in a supervisor and are equally important in the culture of a company to me.

Trust establishes a foundation of transparency, reliability, and mutual respect, fostering a positive work environment. Ethics ensure fairness, integrity, and responsible decision-making, which contribute to the overall ethical culture of a company. These traits promote employee satisfaction, productivity, and long-term success.

In the age of increased electronic communication, I feel both more and less connected to my peers. While electronic communication provides convenience and efficiency, it can lack the personal connection and non-verbal cues present in face-to-face interactions. However, technological advancements have also enabled virtual collaboration tools, helping bridge the gap and enhance connectivity.

My preferred method of communication depends on the context and purpose. For quick exchanges, email or instant messaging can be efficient, while for complex discussions or building relationships, face-to-face or video conferencing allows for better understanding and connection.

Trust and ethics are fundamental in both supervisors and company cultures. While electronic communication has its advantages, maintaining personal connections and choosing appropriate communication methods are essential for fostering effective and meaningful interactions in the workplace.

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1) All of the following are direct inputs to the Plan Resource Management process EXCEPT:

Enterprise environment factors

Organizational process assets

Project scope statement

Requirements documentation

2) The project management team is …

… a supervising or controlling team

… a subset of the project team

… the project team contingency

… none of the above

3)

The accuracy of Parametric estimating depends on the following EXCEPT:

Group of answer choices

Sophistication of the technique

Underlying data

Statistical relationship with historical data

Creation without inputs from external stakeholders

Answers

1. Project scope statement is not a direct input to the Plan Resource Management process. Explanation:Plan Resource Management process is an activity of developing a plan that helps in defining the process for organizing and managing the resources needed to complete the project work.

The process provides the framework for establishing the necessary levels of control, communication, and reporting for the project. The inputs for the Plan Resource Management process are:Enterprise environmental factors (EEFs)Organizational process assets (OPAs)Project charterOutputs from other planning processes2. The project management team is…A subset of the project team. Explanation:Project management team is a group of individuals responsible for leading and managing a project. The team consists of a project manager and other team members who are responsible for executing the project activities. It is a subset of the project team.3.

Creation without inputs from external stakeholders is not correct with regards to the accuracy of Parametric estimating. Explanation:Parametric estimating is a technique of estimating the cost, duration, or other variables of a project activity based on the relationship between the variables and the historical data. The accuracy of parametric estimating depends on the following:Sophistication of the techniqueUnderlying dataStatistical relationship with historical dataInputs from external stakeholders.

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In
your opinion should an organization always purchase from the least
expensive vendor?

Answers

In my opinion, an organization should not always purchase from the least expensive vendor. Price should not be the only factor considered when making purchasing decisions. While it may be tempting to go for the lowest-cost option, there are other important factors that should be taken into account as well.

Price should not be the only factor considered when making purchasing decisions because there are other important factors that should be taken into account as well. For example, the quality of the product or service being purchased is important to consider. If a cheaper vendor offers a lower-quality product, it may end up costing the organization more money in the long run due to necessary repairs or replacements.

Additionally, the reputation and reliability of the vendor should also be considered. If a vendor has a reputation for providing poor customer service or not delivering products on time, it may not be worth the cost savings to work with them. Finally, it's important to consider the long-term impact of purchasing decisions. For example, if a more expensive vendor is known for using sustainable or ethical production methods, it may be worth spending more money to support those practices.

Overall, while cost is certainly an important factor to consider when making purchasing decisions, it should not be the only factor taken into account.

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Is there any relevance to the recent price increase of metals
with the war in Ukraine effect on the supply chain? Justify your
answer (300words)

Answers

Yes, the recent price increase of metals is relevant to the war in Ukraine effect on the supply chain. The rise in metal prices can be attributed to several factors including the war in Ukraine effect on the supply chain.

The demand for metals has been increasing, while the supply has been decreasing, leading to the recent price increase of metals. The effect of the war in Ukraine on the supply chain has had a significant impact on the global metal market. This is because Ukraine is one of the world's largest exporters of iron ore and steel, and the ongoing conflict has caused significant disruptions to its metal production.

As a result, the global supply of metals has decreased, leading to a rise in prices. In addition to the war in Ukraine, other factors that have contributed to the recent price increase of metals include supply chain disruptions caused by the COVID-19 pandemic, a surge in demand from China and other developing countries, and disruptions to mining operations caused by extreme weather events.

The rise in metal prices is expected to have a significant impact on various industries, including the construction, automotive, and manufacturing sectors, which rely heavily on metals. For example, the construction industry uses metals such as steel, aluminum, and copper to build structures and infrastructure, while the automotive industry uses metals such as aluminum, steel, and copper to manufacture vehicles. As metal prices continue to rise, the cost of production for these industries is likely to increase, leading to higher prices for consumers.

In conclusion, the recent price increase of metals is relevant to the war in Ukraine effect on the supply chain, as well as other factors such as disruptions caused by the COVID-19 pandemic, increased demand from developing countries, and extreme weather events. This rise in metal prices is expected to have a significant impact on various industries and consumers globally.

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Nervana Soy Products (NSP) buys soybeans and processes them into other soy products. Each ton of soybeans that NSP purchases for $350 can be converted for an additional $210 into 650 lbs of soy meal a

Answers

1. When allocating the joint cost to the soy cookies and Soyola:

a. Using the sales value at splitoff method, the joint cost is allocated based on the relative sales values of the products at the splitoff point.

b. Using the net realizable value (NRV) method, the joint cost is allocated based on the estimated final selling prices minus the additional costs required for further processing.

2. The decision to process each product further depends on comparing the additional processing costs with the incremental revenues generated. The allocation method affects this decision by influencing the allocated costs to each product, potentially impacting their profitability and viability.

Calculate the sales value at splitoff for each product. Multiply the pounds of soy meal by the price per pound, and the gallons of soy oil by the price per gallon.

Calculate the NRV for each product. Deduct the additional costs of processing the soy meal into soy cookies and packaging the soy oil into Soyola from the estimated selling prices.

Allocate the joint cost based on the sales value at splitoff method by dividing the joint cost proportionally according to the sales values at splitoff.

Allocate the joint cost based on the NRV method by dividing the joint cost proportionally according to the NRV of each product.

Compare the incremental revenues generated from further processing with the additional processing costs to determine if it is financially beneficial for NSP to process each product further. The allocation method influences the allocated costs, which in turn affect the profitability analysis and decision-making process.

The complete question must be:

Nervana Soy Products (NSP) buys soybeans and processes them into other soy products. Each ton of soybeans that NSP purchases for $350 can be converted for an additional$210 into 650 pounds of soy meal and 100 gallons of soy oil. A pound of soy meal can be sold at splitoff for $1.32 and soy oil can be sold in bulk for$4.50 per gallon. NSP can process the 650 pounds of soy meal into 750 pounds of soy cookies at an additional cost of $300. Each pound of soy cookies can be sold for$2.32 per pound. The 100 gallons of soy oil can be packaged at a cost of $230 and made into 400 quarts of Soyola. Each quart of Soyola can be sold for$1.15. 1. Allocate the joint cost to the soy cookies and the Soyola using the following: a. Sales value at splitoff method. b. NRV method. 2. Should NSP have processed each of the products further? What effect does the allocation method have on this decision?

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A publishing company in which certain workers acquire manuscripts (sponsoring editors), others edit manuscripts (developmental editors), and others turn manuscripts into printed books (production editors) uses an organizational structure that 01:09:44 Multiple Choice coordinates group efforts into an individual effort. divides employees around several common purposes. has few or no levels of middle management. arranges discrete parts of a task to be done by different people. 48

Answers

The organizational structure described in the question is known as a divisional structure. In a divisional structure, the organization is divided into smaller units or divisions based on specific tasks or functions. Each division operates as a separate entity, with its own set of responsibilities and goals.

In the case of the publishing company, the divisions are based on the different stages of the publishing process. The sponsoring editors are responsible for acquiring manuscripts, the developmental editors focus on editing and refining the manuscripts, and the production editors handle the final stages of turning the manuscripts into printed books.

This divisional structure allows for specialization and expertise in each stage of the publishing process. Each worker is assigned a specific task within their division and is responsible for completing it. However, they also need to collaborate and coordinate with workers from other divisions to ensure a cohesive and high-quality final product.

The divisional structure coordinates group efforts into individual efforts because the work of each division contributes to the overall goal of producing a published book. While each division has its own responsibilities, they must work together to ensure that the final product meets the company's standards.

This structure also implies that the organization has multiple purposes or tasks that are divided among different groups of workers. Each division focuses on a specific aspect of the publishing process, allowing for specialization and efficient allocation of resources.

Regarding the levels of management, the question does not provide explicit information. However, a divisional structure typically involves multiple levels of management. Each division may have its own managers or supervisors who oversee the work within that division. These managers would be responsible for coordinating the efforts of the workers within their division and ensuring that the division's goals are met.

Overall, the divisional structure is an effective way to organize tasks that can be divided into discrete parts and require specialized skills or knowledge. It promotes coordination, specialization, and efficiency within the organization.

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Chronic shortage of meat workers fuels cattle price hike (Farmonline, July 2021)
ANALYSTS are now pointing to the chronic lack of skilled meat workers as a key driver of high cattle prices.
Pandemic travel bans and the restriction on foreign workers coming to Australia has seen the lifeblood of Australia's supply of skilled workers shut down.
"This has been occurring for 15 months, and the available skilled workers pool in Australia has now run dry," Mr Quilty said.
Meatworks can not risk losing labour by scaling back any further, even though they are processing beasts at big per-head losses. That is keeping competition, and thus prices, for finished cattle strong, and helping to fuel the confidence of restockers to bid up for young cattle.
The Red Meat Advisory Council (RMAC) of Australia is concerned with lagging beef production not being able to meet the demand for beef and has resulted in higher prices. The RMAC has appointed you as their economic advisor and have tasked you to write up a document which addresses the following 4 tasks:
Task 4: Consider (NOT RECOMMEND) one economic policy that may address the shortage of beef in Australia and the price rise; and analyse its impact on the economic welfare of consumers and suppliers.

Answers

One economic policy that may address the shortage of beef in Australia and the price rise is the implementation of targeted immigration policies to attract skilled meat workers from overseas.

To address the chronic shortage of skilled meat workers and alleviate the pressure on beef production, the Australian government could consider implementing targeted immigration policies. By easing travel bans and providing avenues for skilled foreign workers to enter the country, the meat industry could access a broader pool of talent and expertise. This would help increase production capacity and reduce the strain on domestic skilled workers.

The impact of this policy on economic welfare would vary for consumers and suppliers:

1. Consumers: Increased beef production through the availability of skilled meat workers would likely lead to a more stable supply of beef and potentially lower prices for consumers. This would enhance consumer welfare by providing greater access to affordable meat products.

2. Suppliers: The policy could benefit suppliers, such as meat processors and cattle producers, by addressing the shortage of skilled workers. Increased production capacity would allow them to meet the growing demand for beef and potentially improve their profitability. This could enhance supplier welfare and provide economic stability to the industry.

Implementing targeted immigration policies to address the shortage of beef in Australia and the resulting price rise could have positive effects on both consumers and suppliers. Consumers would likely benefit from improved supply and potentially lower prices, while suppliers would have access to a larger pool of skilled workers, leading to increased production capacity and potential profitability. However, it is important to consider the potential challenges and implications of such a policy, such as the need for proper labor market regulations and ensuring the integration of skilled foreign workers into the domestic workforce.

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New ventures are likely to be preferred compared to acquisitions when:

Group of answer choices

a company's business model is based on using its technology to innovate new kinds of products for related markets.

When the investment required is lower as compared to potential profits

entry barriers are high.

The company needs to move fast to establish a presence in an industry, commonly an embryonic or growth industry.

Answers

New ventures are likely to be preferred compared to acquisitions when the company needs to move fast to establish a presence in an industry, commonly an embryonic or growth industry.

New ventures are likely to be preferred compared to acquisitions when the company needs to move fast to establish a presence in an industry, commonly an embryonic or growth industry. Entering the market as a new venture can be a good way to get a foothold in the market and gain a competitive advantage. Since the company is new to the market, they can be more flexible and adaptive to the changing market conditions and customer needs. Acquiring an established company can be more difficult as it may come with legacy issues and may not be as flexible and adaptive to the market changes.

New ventures are likely to be preferred compared to acquisitions when the company needs to move fast to establish a presence in an industry, commonly an embryonic or growth industry. Entering the market as a new venture can be a good way to get a foothold in the market and gain a competitive advantage. Since the company is new to the market, they can be more flexible and adaptive to the changing market conditions and customer needs. Acquiring an established company can be more difficult as it may come with legacy issues and may not be as flexible and adaptive to the market changes.Another reason why new ventures are preferred over acquisitions is when the investment required is lower as compared to potential profits. When the investment required is high, it may not make sense for the company to start a new venture, especially when there are established companies in the market that can be acquired. In such cases, acquiring an established company can be a more cost-effective way to enter the market. However, when the investment required is low and the potential profits are high, starting a new venture can be a better option as it gives the company more control over the process and the outcomes.

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You won a contest that will pay you $10,000 six months from today You don't wish to wait so you tell your friend they can have the $10,000 six months from now the young may money can earn 4.75% compounded semiannually how much money would you expect for the prize today?
O $9.786.01
O $9.868.01
O $9,968.01
O $9,798.01
O $0.768.01

Answers

$9.786.01 would be expected for the prize today after compounding it semi-annually.

To find the present value of $10,000 given that it is due in 6 months from now. This is known as the "time value of money.

In solving this problem, we can use the present value formula, which is given as:

P = FV/(1 + r/n)^nt

Where;

P is the present value

The future value or amount is the annual interest rate, which is the number of compounding periods per year.

It is the time in years in this problem,r = 4.75% per annum = 2 (since the interest is compounded semiannually)

t = 0.5 (since the money is due in 6 months)

FV = $10,000Substituting the values in the present value formula, we have:

P = $10,000/(1 + 4.75%/2)^(2 × 0.5) = $9,786.01

Therefore, the amount you would expect for the prize today is $9,786.01.

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what are the Business environment: Government attitude to foreign investment and
trends, ease of doing business, trade regulations of
germany

Answers

The country's ranking in the Doing Business report is a testament to the ease of doing business in the country, and its liberal trade regulations make it an attractive destination for businesses looking to expand internationally.

The business environment in Germany is regarded as one of the most favorable in the world. The German economy is dominated by the manufacturing and service sectors. In addition to this, foreign investment plays a significant role in the German economy.Businesses in Germany have benefited from the government's favorable attitude toward foreign investment. German businesses have also been involved in foreign investments, especially in emerging markets like Africa and Asia. The government has developed policies to make it easier for foreign investors to invest in Germany. This has been done by simplifying the process of starting a business, allowing 100% foreign ownership in most sectors, and offering financial incentives to foreign investors to encourage them to invest in the country.In terms of ease of doing business, Germany is ranked 22nd in the world by the World Bank's Doing Business report 2020. The report assesses the ease of doing business in 190 economies around the world. Germany's high ranking is due to its efficient and transparent bureaucracy, streamlined business processes, and supportive business regulations. The country's highly skilled workforce, good infrastructure, and access to a large market also make it an attractive destination for businesses.Trade regulations in Germany are generally liberal and open. The country is a member of the European Union, which provides businesses with access to a single market of more than 500 million consumers. Germany also has a well-developed infrastructure for international trade, with modern seaports, airports, and road and rail networks. The country is a signatory to several international trade agreements, including the World Trade Organization (WTO) and the Transatlantic Trade and Investment Partnership (TTIP). In conclusion, Germany is a favorable business destination with a government that has a positive attitude towards foreign investment and has made efforts to make it easy for businesses to operate in the country.

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As a message to an organization's stakeholders, ________ should
represent a clear corporate commitment to the highest standards of
principled behavior.
Multiple Choice
a charter of compassion
corp

Answers

c. a code of ethics. As a message to an organization's stakeholders, a code of ethics should represent a clear corporate commitment to the highest standards of principled behavior.

A code of ethics is a formal document that outlines the ethical guidelines and principles that an organization expects its employees, management, and stakeholders to uphold. It serves as a reference for ethical decision-making and guides behavior within the organization.

A code of ethics demonstrates the organization's commitment to integrity, transparency, and responsible business practices. It sets expectations for ethical conduct, promotes compliance with laws and regulations, and establishes guidelines for interactions with stakeholders, including employees, customers, suppliers, shareholders, and the community.

By adopting and communicating a code of ethics, an organization sends a strong message to its stakeholders that it values ethical behavior, social responsibility, and the well-being of all parties involved. It fosters trust and confidence among stakeholders, enhances the organization's reputation, and helps create a positive and ethical corporate culture.

Therefore, a code of ethics is an important tool for an organization to communicate its commitment to the highest standards of principled behavior to its stakeholders.

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Which of the following statements is FALSE?
a. The separation of ownership and control in a corporation has benefits and costs.
b. In all countries, the central conflict in corporate governance is the agency conflict between shareholders and managers.
c. Increasing the sensitivity of manager’s compensation to firm performance can have negative effects.
d. A captured board usually can not monitor the management effectively.

Answers

In all countries, the central conflict in corporate governance is the agency conflict between shareholders and managers is false While the agency conflict between shareholders and managers is a common and significant issue in corporate governance, it is not the only central conflict in all countries.So option b is correct.

The specific corporate governance issues and conflicts can vary depending on factors such as legal systems, ownership structures, cultural norms, and regulatory frameworks in different countries. In some cases, conflicts may also arise between controlling shareholders and minority shareholders, between different classes of shareholders, or between shareholders and other stakeholders such as employees or creditors. The central conflict in corporate governance is not always between shareholders and managers. In some countries, the central conflict is between controlling shareholders and minority shareholders. In other countries, the central conflict is between the government and private businesses.

The separation of ownership and control in a corporation has benefits and costs. The benefit is that it allows for professional management of the company. The cost is that it can lead to agency problems, where managers act in their own interests rather than the interests of shareholders.Increasing the sensitivity of manager’s compensation to firm performance can have negative effects. It can lead to managers taking on too much risk or focusing on short-term results at the expense of long-term performance.Therefore option b  is correct.

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Typical measures of operating performance are a) profitability, market performance and problem solving b) profitability, financial position and market performance c) profitability, financial position and sustainability d) profitability, market performance and sustainability

Answers

Typical measures of operating performance are: profitability, financial position, and sustainability. Therefore, the correct answer is option c) profitability, financial position and sustainability

.What is operating performance?

Operating performance refers to how well a company or organization is managing and using its resources to meet its goals and objectives. It is assessed using various measures such as profitability, financial position, and sustainability.

Profitability: This measure is used to assess the company's profitability, which is determined by calculating the difference between revenue and expenses

Hence, the answer is C.

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what sales technique works best when salesperson training must be short and/or sales personnel are inexperienced?

Answers

When salesperson training must be short and/or sales personnel are inexperienced, the best sales technique that works best is the FAB (features, advantages, and benefits) technique.

Let's discuss the FAB technique in more detail below:The FAB technique is a popular method for selling products. It is a simple way of persuading customers to make a purchase. This method is used to sell a product or service by focusing on its features, advantages, and benefits. A feature is a physical attribute of a product or service. An advantage is something that the feature does to improve the product or service. A benefit is the positive impact on the customer’s life that the advantage provides.This technique is used to make sales personnel understand the products or services they are selling and to communicate the benefits of the products or services to potential customers. By understanding the FAB technique, sales personnel can communicate effectively with customers in a short amount of time, which is crucial when training is short or sales personnel are inexperienced.The FAB technique is also effective because it allows sales personnel to highlight the most important aspects of a product or service, which can make the product more appealing to the customer. Therefore, using the FAB technique can increase sales by convincing potential customers of the benefits of the product or service in a brief amount of time.

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