New product development starts with ________. Group of answer choices idea generation idea screening concept development concept testing test marketing

Identifying customers is a business process handled by the human resources function. This statement was false. Thus, option (b) is correct.

Typically, the marketing department of a business is in charge of identifying clients. In a company, the marketing function is normally in charge of consumer identification.

In order to build strategies through the creation of products, advertising, pricing, and distribution to suit the needs of clients, the marketing function must first identify and understand their needs and wants.

As a result, the significance of the customers is a business process handled by the human resources function are the aforementioned. Therefore, option (b) is correct.

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False. A journal is a record of financial transactions that are recorded in chronological order. It is used to keep track of all the debits and credits made to accounts during a given period, usually daily or weekly.

The journal is an important step in the accounting process, as it provides a complete and detailed record of all financial transactions. At the end of the fiscal period, the transactions recorded in the journal are then posted to the general ledger, which is used to prepare financial statements and determine the financial position of the company. Therefore, a journal is not proved and ruled only at the end of a fiscal period, but rather it is a continuous record-keeping process throughout the accounting period.

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If the reserve requirement is less than the reserve ratio, excess reserves are greater than zero.

The reserve requirement is the percentage of deposits that banks are required to hold as reserves, which cannot be loaned out. The reserve ratio is the ratio of reserves to deposits, which can include both required reserves and excess reserves.

If the reserve requirement is less than the reserve ratio, it means that banks are holding more reserves than what is required by law. This results in excess reserves, which can be loaned out to customers or invested. Therefore, excess reserves will be greater than zero in this scenario.

It is important for banks to hold some level of excess reserves to ensure that they have enough liquidity to meet the demands of their customers. However, holding too many excess reserves can be costly as they earn little to no interest. Therefore, banks must find a balance between holding enough excess reserves to ensure liquidity and investing the rest to generate income.

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The statement "Trust is not a factor of your lead nurturing strategy" is false because trust is a critical factor in lead nurturing.

Lead nurturing is the process of building relationships with potential customers by providing them with relevant and valuable information that helps them solve their problems or achieve their goals. In order to successfully nurture leads, it is important to establish trust and credibility with potential customers.

This can be done by providing high-quality content that addresses their needs and concerns, demonstrating expertise in your field, and being responsive to their questions and feedback. By building trust with leads, you can establish a strong relationship that can lead to increased sales and customer loyalty. Therefore, trust is an important factor in lead nurturing strategy.

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The airline industry in America is an example of an oligopoly, because a few firms, such as Delta, American Airlines, United Airlines, and Southwest, dominate the industry.

These airlines have significant market power, which enables them to influence the prices of their products and services, and they also engage in strategic behavior, such as price collusion, to maintain their dominant position. Additionally, barriers to entry in the airline industry, such as high capital costs and regulatory requirements, make it difficult for new firms to enter the market and compete with established airlines. As a result, consumers have limited choices when it comes to air travel, and prices may be higher than they would be in a more competitive market.

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The statement that concerns the cash going in and out of the business during a specific period is the Cash Flow Statement.

This financial statement provides information about the cash inflows and outflows of a business over a particular period, such as a month, quarter, or year. The cash flow statement includes three sections: operating activities, investing activities, and financing activities.

The operating activities section of the cash flow statement shows the cash inflows and outflows resulting from the primary activities of the business, such as sales, purchases of inventory, and payment of expenses. The investing activities section shows the cash inflows and outflows resulting from the purchase or sale of long-term assets, such as equipment or property. The financing activities section shows the cash inflows and outflows resulting from financing activities, such as the issuance or repayment of debt or equity.

Overall, the cash flow statement provides a clear picture of the business's liquidity and cash position, which is crucial for assessing its ability to meet its financial obligations. Therefore, it is an essential financial statement for investors, creditors, and other stakeholders who want to evaluate the financial health of a business.

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In order to prepare a pro forma income statement, the first thing that needs to be forecasted is the sales. Option c is the answer.

Sales represent the revenue generated from the sale of goods or services and serve as the starting point for calculating the other components of the income statement. By forecasting the sales, businesses can estimate their future revenue and use this information to project their expenses, cost of goods sold, and ultimately determine their net income.

Option c: "Sales" is the correct answer.

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C. "Old, family money" does NOT represent Gatsby's wealth .

In F. Scott Fitzgerald's novel "The Great Gatsby," Gatsby's wealth is portrayed through various symbols and behaviors. He is known for his extravagant spending on flashy and extravagant things, as well as his wild parties. These aspects of Gatsby's lifestyle represent his acquired wealth and his desire to display it. However, the option c. Old, family money does not represent Gatsby's wealth.

Gatsby's wealth is not inherited from a wealthy family or passed down through generations. Instead, he amasses his wealth through questionable means and his involvement in illegal activities. Gatsby's wealth is more associated with his self-made success and his pursuit of the American Dream rather than a result of old, family money.

Option C is answer.

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The depreciation expense for year two using the double-declining balance method is D. $201,149.

The Marietta Company purchased an office building for $2,733,000. To calculate the depreciation expense for year two using the double-declining balance method, we need to consider the estimated useful life of 25 years and an expected salvage value of $302,500.

First, determine the straight-line depreciation rate by dividing 1 by the useful life (25 years):

1/25 = 0.04, or 4%.

Next, double the straight-line depreciation rate: 0.04 x 2 = 0.08, or 8%. This is the double-declining balance rate.

To find the depreciation expense for year one, multiply the initial cost of the building by the double-declining balance rate:

$2,733,000 x 0.08 = $218,640.

After the first year, the book value of the building will decrease by the depreciation expense. Calculate the new book value by subtracting the depreciation expense from the initial cost:

$2,733,000 - $218,640 = $2,514,360.

For year two, multiply the new book value by the double-declining balance rate:

$2,514,360 x 0.08 = $201,149.

Thus, the depreciation expense for year two using the double-declining balance method is $201,149. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

The Marietta Company purchased an office building for $2,733,000. The building had an estimated useful life of 25 years and an expected salvage value of $302,500. What is the depreciation expense for year two using the double-declining balance method?

A. $182,200

B. $116,363

C. $167,624

D. $201,149

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To calculate personal income from national income, the Bureau of Economic Analysis (BEA) must add government transfer payments. Option c is correct.

The BEA is responsible for collecting and analyzing data related to the economy, including the measurement of national income. National income is the total income earned by all individuals and businesses within a country over a specific period. Personal income is a subset of national income that represents the income received by individuals.

To calculate personal income, the BEA subtracts from national income various taxes and business expenses and then adds government transfer payments. Transfer payments include payments made by the government to individuals, such as Social Security, unemployment insurance, and welfare payments. Corporate retained earnings and profits are not added to calculate personal income as they are not income received by individuals.

In summary, to calculate personal income from national income, the BEA must add government transfer payments and subtract various taxes and business expenses. This calculation helps to provide a more accurate picture of the income received by individuals and the overall health of the economy. Option c is correct.

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The person or group or entity that provides the financial resources for a project is typically referred to as the "funding source" or the "project sponsor"

This could be an individual, organization, or government agency that has committed to providing the necessary funds to support the project's goals and objectives. It is important for project managers to establish a clear understanding of the funding source's expectations and requirements in order to effectively manage project resources and deliverables.

This entity is typically responsible for providing the necessary funds to initiate and complete the project, as well as ensuring that the project meets its objectives and goals.

The project sponsor may be an individual, a team, a company, a government agency, or a non-profit organization. In some cases, the project sponsor may also be involved in the project's decision-making and management processes, while in other cases, they may simply provide the funds and allow the project team to manage the project.

It is important for the project sponsor and the project team to have clear communication and understanding of each other's roles and responsibilities to ensure the project's success. Additionally, the project sponsor may require regular progress reports and updates to ensure that the project is meeting the agreed-upon milestones and objectives.

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In the long run, a monopolistically competitive firm earning short-run profits will experience the entry of new firms into the market. As more firms enter the market, competition increases, leading to a downward shift in the demand curve facing the original firm.

The increase in competition results in products becoming more substitutable, causing consumers to have more choices and reducing the market power of the individual firm.

As the demand curve shifts downward, the firm's price-setting power is reduced. This causes the firm to lower its price in order to maintain its market share, resulting in lower profits. Eventually, the process of new firm entry and downward shifting demand will continue until economic profits are driven down to zero.

In conclusion, in the long run, the demand curve facing a monopolistically competitive firm that is earning short-run profits will shift downward due to increased competition from new market entrants. This ultimately reduces the firm's price-setting power and drives profits down to zero, ensuring that the firm achieves only normal profits in the long run.

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One of the most successful presentations I gave was at a marketing conference last year. I was tasked with presenting on the latest social media trends and how they could be leveraged for successful marketing campaigns.

To ensure that my presentation would be a hit, I spent weeks researching and gathering data on the latest social media trends. I also practiced my delivery several times to ensure that I was comfortable with the content and could speak with confidence. During the presentation, I engaged the audience with interactive polls and quizzes to keep them interested and attentive. I also used real-life examples of successful social media campaigns to demonstrate the effectiveness of the strategies I was presenting. The feedback I received after the presentation was overwhelmingly positive, with many attendees expressing their appreciation for the practical tips and insights I had shared. I believe the key to the success of this presentation was the combination of thorough preparation, engaging delivery, and relevant content.

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Correct option is C. 40,000

The number of outstanding shares of common stock for Montana Company is 40,000. Therefore, 50,000 issued shares - 10,000 treasury shares = 40,000 outstanding shares.

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D. 50,000. The company was authorized to issue 200,000 shares of common stock. Of these, 50,000 shares had already been issued.

The company then purchased 10,000 shares of treasury stock, which are shares that the company had previously issued and then repurchased. These treasury shares are not considered outstanding shares, so they are not included in the calculation of the number of outstanding shares. Therefore, the number of outstanding shares of common stock is 50,000.

Outstanding shares = Issued shares - Treasury shares Given that the company had issued 50,000 shares of stock and purchased 10,000 shares of treasury stock, the number of outstanding shares of common stock is: Outstanding shares = 50,000 - 10,000 = 40,000 So the correct answer is D. 50,000. Thank you for bringing this to my attention.

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The ability to produce a good using fewer inputs than any other producer is called "productive efficiency".

It refers to the capability of a firm to achieve maximum output with the minimum possible input. This can be achieved through various means such as technological innovation, efficient production processes, and skilled labor.

When a firm is productive efficient, it has a competitive advantage in the market because it can produce goods at a lower cost than its competitors. Lower production costs enable a firm to either offer products at a lower price or enjoy a higher profit margin.

Achieving productive efficiency is essential for a firm's long-term survival and success. It requires continuous improvement and innovation in production processes, technology, and management practices. Firms that fail to achieve productive efficiency may face increasing costs, declining profitability, and reduced market share.

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The first California Pizza Kitchen (CPK) was created in Beverly Hills, California in 1985 by lawyers Rick Rosenfield and Larry Flax.

The concept behind CPK was to provide innovative and high-quality pizzas using non-traditional ingredients, such as barbecue chicken and Thai peanut sauce.

In 2007, CPK had 213 locations worldwide. Around 70% of CPK's stores were located in California in 2007.
The casual dining model was a success for CPK because it allowed them to provide a more relaxed atmosphere for customers while also offering a unique and diverse menu.

CPK's three sources of revenue are dine-in sales, take-out and delivery sales, and franchise fees.

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A(n) income statement activity includes those transactions and events that affect net income, including the purchase of goods and services, cash sales to customers, and payment of operating expenses.

The income statement is one of the three primary financial statements used in accounting. It provides a summary of a company's revenues and expenses over a specific period of time, typically a month, quarter, or year. The purchase of goods and services, as well as cash sales to customers, are both examples of revenue-generating activities that will ultimately affect a company's net income. On the other hand, the payment of operating expenses such as salaries, rent, and utilities, is an example of an expense that reduces a company's net income.

It's important to note that not all activities will affect the income statement. For example, activities that relate to financing or investing, such as issuing bonds or purchasing property, plant, and equipment, do not impact net income and are therefore not reflected on the income statement.  

In summary, an income statement activity refers to transactions and events that impact a company's net income. These activities include revenue-generating transactions such as the purchase of goods and services and cash sales to customers, as well as the payment of operating expenses that reduce net income.

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The activity described is related to operating activities in a business, which includes transactions and events that affect net income.

The activity described in the question is related to the operating activities of a business.

Operating activities are the day-to-day activities of a business that generate revenue and incur expenses. They include transactions and events that affect net income, such as the purchase of goods and services, cash sales to customers, and payment of operating expenses.

For example, if a clothing store purchases inventory to sell to customers, the cost of the inventory is an expense that affects net income, which is a part of the operating activities.

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The minimum NPW required for the 12-year alternative to be considered a viable option is 6 years.

Net Present Worth (NPW) is a financial analysis technique that is used to compare different investment options by estimating their value in today's dollars. NPW takes into account all future cash flows associated with an investment and discounts them to their present value using a predetermined interest rate.

Now, to answer your question, we are given the NPW of Alternative 1 and are asked to find the minimum NPW required for a 12-year alternative to be considered a viable option. This means that we need to calculate the NPW of the 12-year alternative and compare it to the NPW of Alternative 1.

To calculate the NPW of the 12-year alternative, we need to estimate all future cash flows associated with it and discount them to their present value using the same interest rate used for Alternative 1. Once we have calculated the NPW of the 12-year alternative, we can compare it to the NPW of Alternative 1.

The question does not provide us with the cash flows for the 12-year alternative, so we cannot calculate its NPW. However, we can use the given NPW of Alternative 1 as a benchmark.

If the minimum NPW required for the 12-year alternative to be considered is close to the NPW of Alternative 1, then it means that the 12-year alternative is a half of the original one that is 6.

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A government structure that is efficient, promotes competition, and strikes a balance between the requirements of the present and coming generations is usually favorable to long-term growth.

In accordance with a McKinsey Global Institute analysis, governments frequently experience the greatest and most reliable growth when they have implemented policies to increase their own effectiveness and promote a thriving market environment that fosters the emergence of powerful businesses that fuel growth.

The paper emphases the relationship between our performance, a rise in governmental efficacy, the standard of regulations, and the rule of law.

As a result, the significance of the type of government (not market) system tends to be conducive to sustained growth are the aforementioned.

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The most important tax in the U.S. economy, according to economists, is the tax on corporate profits.

The tax on corporate profits is considered the most important tax because it has a significant impact on business decisions and economic growth.

When the tax rate is high, businesses may be less incentivized to invest in new projects or hire additional workers, which can slow down economic growth.

On the other hand, lower corporate tax rates can encourage businesses to invest in new ventures and expand their operations, leading to economic growth.

Additionally, corporate profits often account for a large portion of government revenue, which can affect funding for public services and programs. Overall, the tax on corporate profits is a crucial component of the U.S. economy.

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When you increase the flow rate of a process while keeping the number of resources used the same, you are increasing the efficiency of the process.

Efficiency refers to the ability to achieve a desired result with the minimum amount of resources or effort. By increasing the flow rate of a process, you are essentially producing more output with the same input. This means that you are achieving a higher level of efficiency because you are producing more results with the same resources. For example, if a factory produces 100 units per day with 10 workers, and the same factory produces 150 units per day with the same 10 workers, the efficiency has increased because more output is being produced with the same input.

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A first mover is a service or product that, by being the first to market with a product or service, acquires a competitive advantage. Being the first usually allows a business to build significant brand awareness and customer loyalty before rivals enter the market.

First-mover advantage is the theory that a corporation acquires a competitive edge over its actual and potential rivals by entering a new market first, eventually leading to increased revenues and profits.

A company is considered to be a "first mover" if it enters the market first with a novel good or service. This is frequently a positive thing. The 'first' position, however, is not without its difficulties.

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Apart from common pitfalls, there are four other factors that can lead senior management to misdirect the decision-making process:

Groupthink: This occurs when a group of decision-makers is more concerned about maintaining harmony and agreement within the group than making the best decision. This can lead to a lack of critical evaluation of alternatives and ignoring dissenting opinions.

Confirmation Bias: This occurs when decision-makers only seek out information that supports their existing beliefs and ignore information that contradicts those beliefs. This can lead to a narrow focus and a failure to consider all available information.

Escalation of Commitment: This occurs when decision-makers become committed to a particular course of action and continue to invest resources even when it becomes clear that the decision is not working. This can lead to a failure to cut losses and move on to a better alternative. Overconfidence Bias: This occurs when decision-makers overestimate their own abilities and underestimate the likelihood of negative outcomes. This can lead to taking unnecessary risks and failing to adequately prepare for potential problems.

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Distillation is a separation technique used to purify a mixture of two or more liquids with different boiling points.

In order to accomplish this, the mixture is heated until the liquid with the lower boiling point vaporizes, then the vapors are condensed back into a liquid state and collected separately. The equipment used in the distillation setup includes:

Overall, the main pieces of equipment used in a distillation setup are the flask, heating mantle, thermometer, condenser, and receiver. A distillation column may also be used to improve separation efficiency.

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The observational units are Countries. Option C is correct.

The reason for this is that countries are a distinct unit of analysis in and of themselves, and they can be measured and compared based on various variables such as population, GDP, etc.

Option A, "people," is not an observational unit because it is too broad and does not specify a particular group of people or population.

Option B, "number of TVs per 1,000 people," is a measure of a variable within a population (number of TVs per 1,000 people), but it is not an observational unit in and of itself.

Option D, "life expectancy," is a measure of a variable within a population (life expectancy), but again, it is not an observational unit in and of itself.

Therefore, the correct answer is C. Countries.

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Alice may receive an additional $500 of the gift because she is under age 50 and therefore subject to the annual gift tax exclusion limit of $15,000 in 2020. The $2,000 contribution to her traditional IRA does not affect this limit.

Alice and Mike filed a joint return for 2019 on April 15, 2020. Alice, a nonworking spouse, is 49 years old. They both contributed $2,000 each to a traditional IRA, even though they qualified to contribute the maximum amount. They filed their return timely. On June 1st, 2020, Mike's mother gave each of them a gift of $1,000. For the 2019 tax year, the maximum contribution to a traditional IRA is $6,000 for individuals under 50 years old. Since Alice has already contributed $2,000, she can contribute an additional $4,000 to reach the maximum amount for that year. However, because Alice and Mike received the gift on June 1st, 2020, the deadline for contributing to the traditional IRA for the 2019 tax year has passed. The deadline was April 15, 2020. Therefore, Alice can't use the gift to contribute to her traditional IRA for the 2019 tax year, but she can use it for her 2020 contribution.

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When a new contract is substituted for an existing agreement, the process is known as novation. Hence the correct option is A.

Novation is a legal concept that involves the replacement of one contract with another, with the mutual agreement of all parties involved. This can occur for a variety of reasons, such as a change in circumstances or the desire to alter the terms of an existing agreement.

Novation requires the consent of all parties involved, and it effectively extinguishes the original contract and replaces it with a new one. The new contract may have different terms, parties, or obligations than the original contract.

In contrast, assignment refers to the transfer of rights or obligations from one party to another, without the need for a new contract. Innovation, on the other hand, refers to the introduction of a new product or idea.

Hence the correct option is A.

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Open an order for supplies duplicate of an estimate Down arrow next to "Create invoice" on open estimate the purchase order copy Down arrow next to "Create invoice" on open estimate import the estimate into the order.

Down arrow next to "New transaction" in the expenses center Estimate to Purchase Order Conversion Preceding Next. Select Create Purchase Orders under Vendors. Choose the vendor for whom you want to generate a purchase order from the Vendor menu.

To add a new vendor, choose Add New as well. Add the items you want to order and complete the remaining fields. Sequential estimation, as used in statistics, describes estimate techniques for sequential analysis where the sample size is not predetermined.

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Tangy Taco Restaurants' announcement to issue $300 million in debenture bonds means that the corporation plans to raise $300 million by selling bonds to investors.

Debenture bonds are a type of debt instrument that does not offer any collateral to the bondholders. Instead, they rely on the corporation's creditworthiness and promise to pay the principal and interest on the bonds at a future date.By issuing debenture bonds, Tangy Taco Restaurants can obtain funds to finance its expansion without giving away equity ownership in the company. The bondholders will receive regular interest payments until the bonds' maturity date, at which point the principal amount will be repaid.The issuance of debenture bonds will increase Tangy Taco Restaurants' debt-to-equity ratio, which could affect the company's credit rating and borrowing costs. However, if the company is confident in its ability to generate future profits and repay its debts, issuing bonds can be an attractive financing option compared to taking on additional equity investors.

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The "Managing General Agent (MGA)." An MGA is a specialized type of wholesale producer that is authorized by an insurer to underwrite and bind policies on their behalf.

The MGA acts as an intermediary between the insurer and the retail producer, providing underwriting expertise and often handling administrative tasks such as policy issuance and claims handling. This arrangement allows insurers to expand their distribution network and reach new markets, while giving MGAs greater flexibility and autonomy in underwriting and pricing policies.

A Managing General Agent (MGA) is an entity that has the authority to underwrite insurance policies on behalf of an insurer. They have specialized knowledge and expertise in a specific area of insurance, which allows them to assess risks and set premiums for the insurer. In contrast, retail producers (such as insurance agents and brokers) are not granted underwriting authority and focus on selling policies to the end customer.

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