False : A business organization's two line functions are operations and sales. The two line functions are supported by all other functions, including accounting, finance, IT, and human resources.
Which department of management is in charge of the company's sales?Sales Administration: The recruitment of sales employees, their selection and training, supervision of work, motivation for work, and evaluation of work execution are all parts of sales management. Sales management also plays a crucial role in business because it oversees all aspects of personnel. It aims to develop sales strategies, policies, and programs as well as straightforward and efficient sales procedures. Additionally, it oversees and develops advertising, sales promotion, and other tasks. Additionally, it is a subset of marketing management.
To learn more about sales visit :
https://brainly.com/question/14772910
#SPJ4
Suppose consumption decreases at each price level. As a result, aggregate demand ______, and the AD curve shifts ______.
Suppose consumption decreases at each price level. As a result, aggregate demand decreases, and the AD curve shifts leftward .
Attempting to deal with a complete transition of the demand curve, not even a movement along it, because we're talking about such a transformation at every price level. A shift to the right demonstrates an increase in demand; a shift to the left signifies a reduction in demand.
Aggregate Demand (AD) or Final Domestic Demand (DFD) is the aggregate demand for final products and services in an economy at a given macroeconomic period. We often talk about the need for efficiency, even if this expression is sometimes distinguished. This is a country's demand for its gross domestic product.
The aggregate demand curve is plotted with the horizontal axis representing actual output and the vertical axis representing the price level. While the curve is said to have a downward slope, Sonenshein-Mantel-Debreu's studies show that the slope cannot be inferred quantitatively from assumptions about the individual's rational behavior.
Hence the correct option is B
To know more about Aggregate demand here-
https://brainly.com/question/29349235
#SPJ4
The above question is incomplete the complete question is-
Suppose consumption decreases at each price level. As a result, aggregate demand _____ and the AD curve shifts _____.
A. increases; leftward
B. decreases; leftward
C. increases; rightward
D. decreases; rightward
Using your own practical instances, expose the four errors that can be committed when giving meaning to an unknown term. In each case, explain what the particular problem is with the given definition and suggest how to correct it. Your response should be between 500 and 600 words.
When giving meaning to an unknown term, there are four types of errors that can be committed, which are as follows:
Overgeneralization: This error occurs when a definition is too broad and includes elements that are not actually part of the term's meaning. Overgeneralization can lead to confusion and misinterpretation of the term's meaning.For example, let's say someone defines the term "vegetarian" as someone who only eats vegetables. However, this definition is too broad because it includes people who don't eat meat but do eat dairy products, eggs, and other animal-derived products. To correct this error, the definition should be revised to be more specific and accurate, such as "a vegetarian is someone who does not consume meat, fish, or poultry but may consume dairy products and eggs."
Undergeneralization: This error occurs when a definition is too narrow and excludes elements that are part of the term's meaning. Undergeneralization can lead to misunderstanding and incompleteness of the term's meaning.For example, someone defines the term "apple" as only referring to red apples, excluding other varieties of apples that are not red. This definition is too narrow because it excludes a significant portion of the term's meaning. To correct this error, the definition should be revised to be more inclusive, such as "an apple is a round fruit with red, green, or yellow skin and a core containing seeds."
Circular Definition: This error occurs when a term is defined using another term that is itself not clearly defined. Circular definitions can lead to a lack of clarity and understanding of the term's meaning.For example, someone defines the term "adulthood" as the state of being an adult. This definition is circular because it uses the term "adult" to define "adulthood." To correct this error, the definition should be revised to use a different approach, such as "adulthood is the stage of life when an individual has reached the age of majority and has assumed adult responsibilities."
Ambiguity: This error occurs when a definition is vague or unclear and can be interpreted in multiple ways. Ambiguity can lead to confusion and imprecision of the term's meaning.For example, someone defines the term "big" as "large." However, this definition is ambiguous because "large" can be interpreted in different ways depending on context. To correct this error, the definition should be revised to be more specific and clear, such as "big means having a physical size or quantity that is greater than average."
In conclusion, when giving meaning to an unknown term, it is important to be precise, accurate, and clear to avoid misunderstandings and confusion. Overgeneralization, undergeneralization, circular definition, and ambiguity are four types of errors that can be committed when giving meaning to an unknown term. To correct these errors, the definition should be revised to be more specific, inclusive, and clear.
Given the descriptive statistics and graphs, describe the problem(s) with the current coffee maker.
After briefing your manager on the coffee maker, the decision was made to purchase a replacement coffee maker. Your manager instructed you to provide several viable options. The cost must be within about $750 (+ or - $100), have at least two additional decanter warmers, with 12-cup decanters, with a temperature control. You found the three following coffee makers all of which meet the manager’s minimum requirements. After further research on these three, you were able to determine the following statistics (based on coffee temperature). Describe the given options, in 2-3 sentences, and determine which of the options are viable for selection. Provide the reason any option was not selected as viable for selection. Use the following to assist in answering question 2.
Based on the previous information and analysis, provide your recommendation for the purchase of a new coffee maker. Include the reasons why you selected one over the other(s).
You are an assistant manager at the Best Bean Coffee Shop. Over the last several weeks you have been hearing customers comment about the temperature of your coffee, some of the customer’s stated the coffee was too cold, while others, at other times, stated the coffee was too hot (so hot they burned their tongues). After speaking with the shop manager, you were directed to determine the problem and recommend solutions.
The first thing you did was sample the coffee temperatures throughout a day, at 30-minute intervals. The industry standard for coffee temperature is between 155o F and 175o, where most customers prefer the temperature toward the higher boundary. The following were the results you received.
Coffee may be supplied too cold or too hot because it looks that the coffee machine produces irregular temperatures. Customers may become dissatisfied and file complaints as a result of this.
How can it be explained in detail?The assistant manager looked deeper and discovered three potential replacement coffee makers that satisfied the manager's minimal requirements. The three choices cost about $750 (+ or - $100), feature two or more extra decanter warmers, 12-cup decanters, and temperature control.
The assistant manager did more study and gathered data on the temperature of the coffee generated by each option in order to establish which is the most practical.
The best choice to choose is the one with average coffee temperatures that are most constant and closest to the industry norm (155° and 175° F). Any alternative that doesn't provide consistent or acceptable coffee temperatures or doesn't satisfy the minimal standards won't be considered.
Finally, the assistant manager should advise customers to buy the coffee machine that consistently provides coffee that is near to the industry norm in terms of average temperature. More contented consumers will emerge from this, and the Best Bean Coffee Shop's total coffee quality will also increase.
To learn more about customers visit here:
https://brainly.com/question/30332550
#SPJ1
The first interview in the hiring process is called a
The relative proportion of each type of cost in an organization is known as the company's ___ ___
A cost structure means the types and relative proportions of fixed and variable costs incurred by the company.The company's employees cooperate for a common goal in order to achieve clearly defined objectives.
A company, frequently abbreviated as "co.," is a legal designation for a collection of individuals with a shared objective who may be either natural, legal, or a combination of the two. Companies can take many different forms, including:voluntary groups with a profit motive, such as for-profit businesses, banks, programmes, and nonprofits, as well as educational institutionsA business may be constituted as a legal entity so that the company itself has limited liability as members fulfil or fail to fulfil their obligations in accordance with the publicly stated incorporation, or published policy. After a business has closed, it could be required to liquidate it in order to
Learn more about company:
https://brainly.com/question/30532251
#SPJ4
A craft store retailer uses a markup rate of 65%. A scrapbook kit costs the retailer $20. What is the selling price of the scrapbook kit?.
The value of the global arts and crafts business was estimated by Yahoo Finance to be close to $57 billion in 2021. By 2027, it's projected to be worth roughly $70 billion. Every year on March 4, the global scrapbooking industry is honoured on International Scrapbooking Industry Day. Despite the availability of digital scrapbooking, scrapbooking is still tremendously popular all over the world.
Find out the scrapbook kit's retail price.
To demonstrate what has been stated
A markup rate of 65% is used by one craft store retailer.
A $20 scrapbooking kit.
The decimal representation of 65 percent is used.
= 0.65
Price markup = 0.65 x 20
= $ 13
Scrapbook kit cost plus markup price equals the selling price.
= 13 + 20
= $33
Consequently, the scrapbook kit costs $33 to buy.
Learn more about scrapbook here :
https://brainly.com/question/12058789
#SPJ4
You learn that you can buy a used robot for $25,000. The robot can replace two people doing assembly work that are paid $19 per hour. About how long would it take for the robot to pay for itself in labor savings?.
select all that apply
committed fixed costs include _______.
(1) real estate taxes
(2) Top management Salaries
(3) Public relations
(4) Research
Committed fixed costs include -
1. Real Estate Taxes
2. Top Management Salaries
Committed fixed costs are expenses that a business is obligated to pay regardless of the level of production or sales. These costs are typically long-term in nature and are not easily adjustable in the short term. Some common examples of committed fixed costs include rent on a long-term lease, property taxes, salaries for permanent employees, and insurance premiums.
Because committed fixed costs are fixed in nature, they can be a challenge for businesses to manage in times of low sales or unexpected financial difficulties. If a business is unable to generate enough revenue to cover its committed fixed costs, it may be forced to reduce production or lay off employees in order to cut expenses.
Know more about Committed fixed costs - https://brainly.com/question/28298201
#SPJ4
Baird Company manufactures molded candles that are finished by hand. The company developed the following standards for a new line of drip candles:
Amount of direct materials per candle 1.20 pounds
Price of direct materials per pound $ 0.60 Quantity of labor per unit 0.90 hours
Price of direct labor per hour $ 7.60 /hour
Total budgeted fixed overhead $ 117,000 During 2017, Baird planned to produce 26,000 drip candles. Production lagged behind expectations, and it actually produced only 19,000 drip candles. At year-end, direct materials purchased and used amounted to 24,100 pounds at a unit price of $0.55 per pound. Direct labor costs were actually $7.10 per hour and 20,100 actual hours were worked to produce the drip candles. Overhead for the year actually amounted to $89,300. Overhead is applied to products using a predetermined overhead rate based on estimated units.
Required
a.&b. Compute the standard cost per candle for direct materials, direct labor, overhead and also the total standard cost for one drip candle.
c.&d. Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candle.
e. Compute the price and usage variances for direct materials and direct labor.
f. Compute the fixed cost spending and volume variances.
Compute the standard cost per candle for direct materials, direct labor, overhead and also the total standard cost for one drip candle. (Round your answers to 2 decimal places.)
Cost Standard cost per unit
Direct material Direct labor Overhead Total per candle Cost Actual cost per unit
Direct material Direct labor Overhead Total per candle Cost Variance Fav or Unfav
Direct materials: Price variance Usage variance Direct labor: Price variance Usage variance Fixed MOH cost Variance Fav or Unfav
Spending variance Volume variance
"Favorable variance" and "unfavorable variance" are terms used in variance analysis, which is a tool used by management accountants to analyze the difference between actual performance and expected performance.
a. Direct materials:
Standard cost per pound = $0.60
Standard quantity per candle = 1.20 pounds
Standard cost for direct materials per candle = $0.60 x 1.20 = $0.72
b. Direct labor:
Standard cost per hour = $7.60
Standard quantity per candle = 0.90 hours
Standard cost for direct labor per candle = $7.60 x 0.90 = $6.84
c. Overhead:
Predetermined overhead rate = Total budgeted fixed overhead / Total budgeted units
= $117,000 / 26,000
= $4.50 per unit
Standard cost for overhead per candle = $4.50
d. Total standard cost per candle:
Direct materials per candle + Direct labor per candle + Overhead per candle
= $0.72 + $6.84 + $4.50
= $12.06
e. Actual cost per candle:
Direct materials:
Actual cost per pound = $0.55
Actual quantity used per candle = 24,100 pounds / 19,000 candles = 1.27 pounds
Actual cost for direct materials per candle = $0.55 x 1.27 = $0.70
Price variance = (Standard price - Actual price) x Actual quantity
= ($0.60 - $0.55) x 1.27
= $0.06 F
Usage variance = (Standard quantity - Actual quantity) x Standard price
= (1.20 - 1.27) x $0.60
= $0.042 U
Direct labor:
Actual cost per hour = $7.10
Actual quantity per candle = 20,100 hours / 19,000 candles = 1.06 hours
Actual cost for direct labor per candle = $7.10 x 1.06 = $7.53
Price variance = (Standard price - Actual price) x Actual quantity
= ($7.60 - $7.10) x 1.06
= $0.53 F
Usage variance = (Standard quantity - Actual quantity) x Standard price
= (0.90 - 1.06) x $7.60
= $1.216 U
f. Overhead:
Spending variance = Actual overhead - Budgeted overhead
= $89,300 - $117,000
= $27,700 U
Volume variance = (Actual units - Budgeted units) x Predetermined overhead rate
= (19,000 - 26,000) x $4.50
= $31,500 F
F represents Favorable variance and U represents Unfavorable variance.
To know more about price variance:
https://brainly.com/question/13375811
#SPJ4
Ford wanted to break into the electric vehicle (EV) marketplace. At that time, economic value was more highly prized than form and function. Therefore, Ford chose not to compete with the other brands and targeted the high-end market for electric vehicles. Which base did Ford use to position itself in the market?
a.Attribute
b.Emotion
c.Product
d.user
e.Competitor
Ford positioned themselves in the market using the attribute as a base.
With a high-end sports car, did Tesla hope to gain traction in the electric vehicle market?With a high-end sports car, Tesla hoped to enter the electric vehicle (EV) market. Form and function were not as highly valued at that time as economic worth. Tesla decided to focus on the luxury electric vehicle market rather than competing with the successful luxury hybrids from other automakers.
Which strategy to determining a target market would most likely be employed by general motors in selling its cars and trucks?Undifferentiated marketing may be a fantastic method to sell things with higher price points, as well — like cars and trucks — and General Motors is an ace at it. The core of General Motors' brand strategy is producing reliable, safe vehicles that are suitable for everyone.
To Know more about attribute
https://brainly.com/question/30169537
#SPJ1
When preparing your taxes, what can possibly help
reduce the amount of taxes that you owe?
When preparing our taxes, things that possibly help reduce the amount of taxes are: Investing in Health Insurance, claiming a deduction on our House Rent Allowance, Claiming a deduction on our home loan interest.
What are taxes?
Taxes are a compulsory financial charge or some other type of levy imposed on a taxpayer an individual or a legal entity by a governmental organization to fund government spending and various public expenditures regional, local, or national, and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
The first known taxation took place in Ancient Egypt around 3000–2800 BC.
Learn more about taxes, here:
https://brainly.com/question/27020116
#SPJ9
Which of the following is the alternating periods of expansion and contraction in the economy?
The term "business cycle" describes the economy's cyclical expansion and contraction. It's also known as the boom-and-bust cycle or the economic cycle. This sort of conduct is seen in all free-market systems.
Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions). This series of modifications is periodic but not recurrent.
The four stages of an economic cycle—also known as a business cycle—are expansion, peak, contraction, and trough. Since 1950, the length of an economic cycle in the United States has generally ranged between five and a half years.
To learn more about business cycle, visit:
https://brainly.com/question/30167425
Pick a favorite specific product
category (do not list categories
such as
"clothes" or "houses" as they
are non-specific) and discuss
what types of
target markets reside in that
product category. List a
minimum of three
different target markets that
reside in that product category
and write a
minimum of one paragraph (5
useful sentences) discussing
why those three
markets are included with your
product.
Explanation:
Sure, I'll help you with that task. Let's pick the product category "smartphones".
1. Young Adults: The first target market for smartphones is young adults, particularly those between the ages of 18 and 34. This demographic is tech-savvy, constantly connected to the internet, and interested in using their phone for both work and leisure activities. Brands often market to this group by emphasizing the latest features, trendy designs, and cutting-edge technology.
2. Business Professionals: Another target market for smartphones is business professionals, including executives, entrepreneurs, and managers. These individuals need a phone that can keep up with their demanding schedules, stay connected with clients and colleagues, and help them stay organized. Brands cater to this market by offering phones with advanced productivity features, such as email, calendars, and task management tools.
2. Seniors: A third target market for smartphones is seniors, particularly those over the age of 65. This demographic is growing and increasingly interested in staying connected with family and friends, as well as accessing information and entertainment on-the-go. Brands cater to this market by offering phones with larger screens, clear displays, and simple user interfaces, which are easier to navigate and use.
In conclusion, these three target markets represent different age groups with varying needs and preferences, but they all have a common interest in staying connected and using their phone for both personal and professional purposes. Brands market to these groups by offering features and designs that cater to their specific needs, and by highlighting the benefits of using a smartphone in their daily lives.
What will happen when supply elasticity is less than demand elasticity?
An inelastic demand or inelastic supply is less responsive to price changes when elasticity is less than one.
When demand is more flexible than supply, what does this mean?Buyers bear the majority of the tax burden when supply is more flexible than demand. The majority of the tax's cost is borne by producers when demand is more flexible than supply. The more inelastic the demand and supply, the higher the tax revenue.
When supply is less elastic, what happens?technically known as "low elasticity of supply," which means that a commodity's supply to the market is not significantly affected by the price at which it can be sold.
To learn more about demand elasticity visit :
https://brainly.com/question/23301086
#SPJ4
In Statistical Process Control, ________ are used to detect defects and determine if the process has deviated from design specifications.
A) cause-and-effect diagrams
B) flowcharts
C) process capability charts
D) control charts
In Statistical Process Control, control charts are used to detect defects and determine if the process has deviated from design specifications.
The correct option is D.
Control charts are a graphical representation of process data over time, with upper and lower control limits that help to identify when a process is out of control or experiencing variation beyond what is expected. By monitoring the process with control charts, process control professionals can quickly identify when corrective action is needed to bring the process back into control and prevent defects from being produced. Rest all other options are not used to detect defects.
For more such question on statistics
https://brainly.com/question/15525560
#SPJ4
You (or your parents) purchase a used car for $15,867. 00 plus 5. 25% sales tax. The down payment is 10% of the total cost and you (or your parents) have an excellent credit rating. What is your principal balance at the start of the loan?.
$6267.51 is the principal balance at the start of the loan if the car is purchased for $15,867. 00 plus 5. 25% sales tax if they are having an excellent credit rating.
The given data is as follows:
The price of the car = $15,867
Sales Tax = 5.25%
Down payment = 10% of the total cost
The information given here is that they have excellent credit ratings.
Excellent secured APR: 5.25% = 0.417% for 1 month
The total purchasing price = price of the car * sales tax
The total purchasing price = $15,867 * (1.052/100) = $16,700
Downpayment = 10% of the total cost
Downpayment = $16,700 * (10/100) = $1670
Subtracting the downpayment from the total cost,
price = $16,700 - 1670 = $15030
The principal balance at the start of the loan = $15030 * 0.417
principal balance = $6267.51
Therefore, we can conclude that $6267.51 is the principal balance at the start of the loan.
To learn more about principle balance problems,
https://brainly.com/question/2754850
#SPJ4
Anjo sold his residential house and lot for 5,00,000 Anjo purchased a lot when it was worth
1,000,000 and constructed on it the house at a total cost of 2,500,000 the lot had zonal
value of 4,000,000 and assesed value of 2,500,000 .the house had an assesed value
P2,500,000tje house had an assessed value of 2,000,000.
Selling price P5,000,000
========
Fair value of land (P4M or 2,.5M w/e is h 4,000,000
Assessed value of improvement 2,000,000
Fair market value (HIGHER) 6,000,000
========
The capital gains tax shall be computed at 6% x P6,000,000 or 360,000
vvvvvvv
For P5,000,000,000, Anjo sold his house and land for residential use. We must ascertain the adjusted cost basis and the net selling price in order to compute the capital gains tax.
How can it be calculated in detail?Land and building costs add up to the original cost of the property.
Land cost is equal to P4,000,000 or the higher of the assessed value or the zonal value.
Construction expense: P2,500,000
Initial cost of the property equals P4,00,000 plus P2,500,000, or P6,500,000.
The property's initial purchase price minus permitted deductions is its adjusted cost basis.
Allowable deductions = Assessed Improvement Value, which is P2,000,000
Adjusted cost basis is equal to P6,500,000 minus P2,000,000, or P4,500,000.
Net Selling Price (NSP): The NSP is the actual selling price less any permitted reductions.
P5,000,000 is the selling price.
Zero for allowable deductions
Selling price - Allowable deductions is P5,000,000 - P0,000,000, which is the net selling price.
Capital gains tax is calculated at 6% of the net selling price.
6% times the net selling price is the capital gains tax.
Capital gains tax is 6% times P5,000,000.
Tax on capital gains is P300,000.
Thus, P300,000 in capital gains tax will be due when Anjo sells his home and land.
To learn more about taxes visit here:
https://brainly.com/question/17217164
#SPJ1
Discretionary fixed costs include. A.) insurance expense. B.) management training programs. C.) factory depreciation. D.) advertising.
Advertising is a type of fixed, discretionary expense. (Choice d)
What are the variable, discretionary costs?An expense for a time frame cost or a fixed asset that can be deleted or lowered without an immediate effect on a business's reported profitability is known as a discretionary fixed cost. Advertising, facility maintenance, donations, staff training, maintenance of equipment, quality assurance, and development and research are a few examples of discretionary expenses. Degradation is a fixed expense because it occurs at the same rate every period throughout the duration of an asset's useful life. Advertising, research, media affairs, management development opportunities, and student internships are a few examples of optional fixed costs.
To know more about discretionary fixed cost visit:
https://brainly.com/question/14597388
#SPJ4
Below are recent inventory turnover ratios for four companies. The companies, listed in no particular order are Tiffany & Co. (a manufacturer and retailer of fine jewelry), Deere & Co. (maker of heavy duty agricultural equipment), Boeing (aircraft manufacturer), and Sprouts (a grocery chain focusing on organic products). Think about which of these companies operate in businesses that tend to have very slow or very fast inventory turnover. Which one below is the inventory turnover ratio for Sprouts?a. 14.4
b. 10.8
c. 7.4
d. 10
The correct option is a. 14.4 is the inventory turnover ratio for Sprouts (a grocery chain focusing on organic products).
Sprouts being a grocery store chain focusing on organic products shall have the highest inventory turnover as this sector has a very high turnover and low margin as a result higher inventory turnover ratio. In other sectors, manufacturers and retailers of fine jewellery, makers of heavy-duty agricultural equipment, and aircraft manufacturers have low sales though they may have good profit margins their inventory turnover is less. Therefore, Sprouts company is among the four given companies i.e. Tiffany and Co., Deere and Co., and Boeing the company which tends to have very slow or very fast inventory turnover.
Learn more about Turnover Ratio here: brainly.com/question/16503652
#SPJ4
for a public works project, changes may not be made to any of the documents during which of the following phases?
a.after bid opening, but before award of the contract
b.before opening of bids, but after advertising for bids.
c.after bid opening, but before signing of the agreement
d.after award of the contarct, but before signing the agreement
The correct option is Option D
For a public works project, changes may not be made to any of the documents during which of the following phases - after award of the contract, but before signing the agreement.
Changes to any of the documentation for a public works project are not permitted throughout the phases before opening bids (Phase B), after bid opening but before contract award (Phase A), and after bid opening but before agreement signing (Phase C). The documentation cannot be changed after the contract is awarded but before the agreement is signed (Phase D). Bidders must submit their proposals by the deadline specified in the Advertisement for Bids, and no changes, withdrawals, or cancellations can be made after this date unless the university agrees.
For such more question on public works:
https://brainly.com/question/28265372
#SPJ4
You are employed as the Personal Assistant to the Customer Service Manager at Sukram Industries Ltd., a regional Logistics company. The company has its headquarters in Miami, Florida and offices in Jamaica, St. Lucia, and Panama. The local office was forced to close operations during the height of the pandemic due to months of inactivity in the logistics sector. Many customer service agents done virtually. were laid off and what little work was done, was The local office started operation in October 2018. Many of the administrative functions were just being developed before the pandemic hit causing the company to close for months. The business reopened in June 2021. Since then, the company has been embarking on job enrichment and enlargement programmes as a means of motivating staff, succession planning and dealing with high labour turnover. Your manager will be promoted to Regional Customer Service Manager which will require him/her to travel to all the locations occasionally. A new position of Senior Customer Service Officer was created with the responsibility to lead the local customer service team and develop strategies to expand the product and service offerings in Jamaica. The position reports to the Regional Customer Service Manager. The management team identified that there were several challenges with formal documentation within the customer service and administrative and office services departments. The team also realizes that they will need to engage in continuous training of the customer service agents if they wish to gain a competitive advantage in the local industry. TASK 1 1. You applied for the position of Senior Customer Service Officer and was short listed. One aspect of the interview will require you to make a presentation to the panel. In preparation for your interview: compile an electronic portfolio of evidence that you will need to present at the a. interview b. create a PowerPoint presentation on the most effective leadership style you believe should be used to lead the customer service team and why
The electronic portfolio that you woyuld have to compile are:
ResumeYour cover letterYour philosophythe success storiesWhat are the portfolios needed?For the electronic portfolio, you can include the following items:
Resume: An updated and professional resume highlighting your relevant work experience, education and skills.
Cover letter: A well-written cover letter explaining your motivation for applying for the Senior Customer Service Officer position and how you can contribute to the company's goals.
Customer Service Philosophy: A clear and concise statement that outlines your approach to customer service, including your core values, beliefs, and principles.
Success Stories: Examples of customer service situations that demonstrate your ability to provide excellent customer service, handle difficult situations and achieve positive outcomes.
Training and Development Plan: A detailed plan that outlines your approach to training and development of customer service agents, including strategies to improve customer satisfaction, build staff morale and increase customer loyalty.
Organizational Chart: A visual representation of the proposed structure of the customer service team, showing the reporting lines, responsibilities, and accountability of each team member.
Read more on customer service here:https://brainly.com/question/19049484
#SPJ1
When it comes to the time value of
money, which of the following is true?
A. The purchasing power of money will decrease over
time because of inflation.
B. The purchasing power of money will increase because
there is more gold in the market.
C. The purchasing power of money will never change
over time.
D. The purchasing power of money will always be
controlled by the government over time.
A. The purchasing power of money will decrease over time because of inflation.
What is inflation?Inflation is an increase in an economy's overall level of prices for goods and services. Each unit of currency can purchase fewer products and services as the general price level rises, hence inflation is characterized by a decline in the purchasing power of money.
Furthermore, the rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
Learn more about inflation here:
https://brainly.com/question/777738
#SPJ1
In each of the following instances, supply whether demand is elastic, inelastic, or unit-elastic.
a. If price increases by 10 percent and quantity supplied increases by 15 percent, supply is
b. If price decreases by 10 percent and quantity supplied decreases by 5 percent, supply is
a. Elastic.
b. Inelastic.The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics.
The demand curve is another name for the relationship between price and quantity demand.More citations are required to support this section's claims.Several elements and situations influence a consumer's willingness or ability to purchase a good. Among the common elements are:The demand curve in economics is a visual representation of the relationship between price and the quantity that consumers are willing to purchase. The curve shows how a good or service's cost changes as demand increases. Each point on the curve's amount of consumer demand and corresponding market price are related. In the graph, the law of demand is demonstrated, showing that consumers would buy less of a good or service if the price rises and vice versa. Kotler lists the following eight possible demand states:Customers who pay to avoid a product they don't like are said to have negative demand.
Learn more about demand:
https://brainly.com/question/29761926
#SPJ4
what are two components of a universal life policy?
Answer:There are two components to a universal life policy: the death benefit and the cash value account. The universal life cash value account earns interest over time, is tax-deferred, and can be accessed via a loan or withdrawal.
Explanation:
Writing Business Letter Business Letter: Write a business letter - at least 3 paragraphs - in which you will call for action regarding an issue that your company is facing. Follow correct business letter format that was covered in your week 4 PowerPoint. Make sure your business letter is Formal with no spelling mistakes.
The sample business letter that calls for action regarding an issue that your company is facing is given below:
The Business LetterDear [Recipient],
I hope this letter finds you well. I am writing to you today to bring to your attention a pressing issue that our company is currently facing
The competition is not only affecting our market share, but it is also putting significant pressure on our profit margins. To address this issue, I would like to propose a series of actions that we can take to improve our competitiveness and secure our future in the industry.
First, I would recommend that we conduct a thorough market analysis to understand the strengths and weaknesses of our competitors.
Second, I would propose that we launch a targeted marketing campaign to promote our products and services to a wider audience
I am confident that if we take these actions, we will be able to overcome the challenges we are facing and secure a bright future for our company. I look forward to discussing these proposals further with you and finding a way to move forward together.
Thank you for your time and consideration.
Sincerely,
[Your Name]
Read more about business letter here:
https://brainly.com/question/27828190
#SPJ1
A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Wilson Peters, Capital in the process of closing the Income Summary account? (Assume all accounts have normal balances.)
In search for growth opportunities, organizations using diversification analysis consider both current and new options for which of the following?a. Portfolios
b. Products
c. Metrics
d. Markets
Option b & d. Products and markets. In search for growth opportunities, organizations using diversification analysis consider both products and markets.
A market is a place where buyers and sellers come together to facilitate the exchange and trade of goods and services.
A marketplace can be physical/ in person, like a retail store, or virtual, like an e-merchant.
Other examples include illegal markets, auction markets, and financial markets.
Markets set/keeps prices for goods and services determined by supply and demand.
Market characteristics include arena, buyers and sellers, and resource availability. Markets can be physical, such as retail stores where people meet in person, or virtual, such as online markets where there is no direct physical contact between buyers and sellers.
There are several key characteristics that help define a market such as arena, buyers and sellers, availability of goods to buy and sell.
To know more about market, here:
https://brainly.com/question/17284274
#SPJ4
Put the goods in the correct column, indicating whether the demand for them is elastic or inelastic. Think about each good in terms of the average person's quantity demanded. Items (7 items) (Drag and drop into the approprlate area below |Tropicana orange blood pressure cigarettes if you public water. other utilities -restaurant |drive-through atl Cocoa Pebbles fast food in the food court at the | mall and diabetes medication smoke 3 packs a day 3 am.
Elasticity of demand refers to the degree to which the quantity demanded of a good or service changes in response to a change in its price.
Elastic Demand Inelastic Demand
Tropicana orange juice Diabetes medication
Fast food in the food court at the mall Cigarettes if you smoke 3 packs a day
Drive-through fast food Public water
Cocoa Pebbles Other utilities (e.g. gas, electricity)
Restaurant meals
Blood pressure medication
If a small change in price results in a large change in quantity demanded, the demand is said to be elastic. If a change in price has little effect on the quantity demanded, the demand is said to be inelastic.
Note: It's important to keep in mind that the elasticity of demand can vary depending on the specific circumstances and individuals involved. These categorizations are based on general tendencies and assumptions about the average person's quantity demanded.
To learn more about Elasticity please click on below link.
https://brainly.com/question/13479805
#SPJ4
point-of-sale (POS) terminal
a computer used to collect, store, and report all the information of a sales transactiontrue or false
Computers called point-of-sale (POS) terminals are used to gather, store, and report all the details of a sales transaction. This statement is true.
A point-of-sale (POS) terminal is a computer-based hardware and software system used to process sales transactions at a retail or other point of purchase. The system includes hardware components such as a cash register, barcode scanner, credit card reader, and other peripherals. The software component includes a user interface to enter the sale amount and select the payment method.
The POS terminal captures the transaction data and stores it in a database for later analysis and reporting. This information can be used for inventory management, sales analysis, and customer relationship management. POS systems are widely used in retail, hospitality, and other industries where the sale of goods or services occurs at a fixed location.
To learn more about point-of-sale
https://brainly.com/question/14115766
#SPJ4
What do you think the impact of trade deficit
Answer:
A higher trade deficit leads to jobs being outsourced to foreign countries as more imports lead to fewer job opportunities. Demand for imported goods leads to a decline in demand for locally made goods, which leads to the closing of factories and the associated job losses.
