A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit. It enables customers to make purchase transactions on goods and services.
What is the meaning of Credit?Credit is the trust that permits one party to lend money or other assets to another party, with the understanding that the second party will not immediately reimburse the first party but will instead repay it or return the resources at a later time.
The capacity to access products or services or borrow money with the idea that you'll pay for them later is known as credit.
A credit is an entry in the personal bank or financial accounting that signifies the receipt of money. Credits are typically on the right side of a regular bank register, and debits are typically on the left.
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consider the chewing gum market shown in the graph at the right.an increase in the demand for chewing gum will blank the equilibrium price and blank the equilibrium quantity
An increase in the supply of chewing gum will decrease the equilibrium price and increase the equilibrium quantity.
What is equilibrium?
Equilibrium is the scientific word describing the harmony of force and action. The level of supply and demand must be equal in order for there to be an economic equilibrium. The cost remains steady. Three categories of equilibrium are frequently used: stable, unstable, and neutral.
According to the case,
Increase in the supply of chewing gum was the decrease in the price.
Increase the equilibrium quantity.
The rule is increased the supply the price is low. Decrease in supply the price is high.As a result, the significance of the equilibrium are the aforementioned.
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Which of the following is true for both perfectly competitive and monopolistically competitive firms in the long run?A) P = MC.B) MC = ATC.C) P > MR.D) Profit equals zero.
Profit is 0 in total. In the long run, businesses have enough time to adjust all production parameters, including the number of businesses in the market, in both perfectly competitive and monopolistically competitive marketplaces.
In the long run, there are no barriers to entry or leave from the market and all production factors can be changed without affecting output. In the long run, businesses in a market with perfect competition can only make normal profits, whereas businesses in a market with imperfect competition can make both normal profits and losses. Market power is rare in the long run, and businesses are able to modify their production procedures to suit shifting market demands. This enables the full impacts of competition to take hold and a more accurate picture of the market's underlying supply and demand dynamics. A crucial idea in economics is the long run, which serves as a standard for comparison.
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When looking at the income statement for your firm, you notice that your Cost of Goods Sold was $1M in 2012, $1.2M in 2013 and $2M in 2014. How will you determine if there is an issue you should be worried about? What other types of financial statements might you look at to see if there is an issue and why?
To determine if there is an issue with the Cost of Goods Sold (COGS), I would first look at the trend in the COGS over time. In this case, there has been a significant increase in COGS from 2012 to 2014, which could indicate a problem.
Next, I would compare the COGS to the overall revenue for each year to determine the percentage of revenue that is being spent on COGS. If the percentage is increasing over time, this could be a sign of a problem, as it indicates that a larger portion of revenue is being spent on goods rather than being used for other expenses or generating a profit.
I would also look at other financial statements to see if there is an issue. Specifically, I would look at the balance sheet and the cash flow statement. The balance sheet would provide information on the company's inventory levels and accounts payable, which would help me understand if the company is holding too much inventory or having difficulty paying its suppliers. The cash flow statement would show the company's net cash flow from operating activities, which would help me understand if the company is generating enough cash to cover its expenses.
In summary, analyzing the trend of the COGS and comparing it to the overall revenue and also looking at the balance sheet, cash flow statement would give a better understanding of the possible causes of the increase in COGS, whether it is due to an increase in inventory or an increase in cost of goods. It would also help identify any potential liquidity issues.
if a sociologist points out that corporate interests dominate the global economy, in part by creating global trade agreements and eliminating international tariffs that will inevitably favor the ability of capital to invest in low wage regions, he or she is a .
She is a Marxist sociologist that will inevitably favor the ability of capital to invest in low wage regions
Marxist sociology is a critical approach to understanding the global economy, which recognizes the power of capital and the inequality of class struggle.
Marxist sociologists argue that corporate interests dominate the global economy by creating global trade agreements and eliminating international tariffs that will inevitably favor the ability of capital to invest in low-wage regions.
This serves to increase the power of capital and expand the wealth gap between the wealthy and the working class. Marxist sociologists also argue that the unequal distribution of wealth and resources between nations is a result of unequal economic power and that this is perpetuated by global trade agreements and tariffs.
Ultimately, Marxist sociologists strive to reveal the power of capital and the inequalities of the global economy in order to create a more equitable and just world.
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Jackson wants to buy a new cell phone. Of the brands that Jackson recalls, those he thinks he would actually buy are his _________ set.
Jackson wants to buy a new cell phone. Of the brands that Jackson recalls, those he thinks he would actually buy are his consideration set.
A consumer's consideration set is a model that is used to depict all of the brands and goods they consider before making a final buying choice. In 1977, Peter Wright and Fredrick Barbour coined the phrase "consideration set."
The buyer's final decision on a product or brand is influenced by the consideration set, making it crucial. The time and knowledge that buyers typically have at their disposal limits how much they can assess each product that is available.
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It is proper to recognize revenue prior to the sale of merchandise when
I. The revenue will be reported as an installment sale.
II. The revenue will be reported under the cost-recovery method.
O I only.
O II only.
O Both I and II.
O Neither I nor II.
Option d. Neither I nor II. It is proper to recognize revenue prior to the sale of merchandise when the ultimate sale of the goods is at an assured sale price.
Revenue recognition is an accounting principle that describes the specific conditions under which revenue is recognized. In theory, there are many potential points at which revenue can be realized.
According to IFRS standards, the following conditions must be met for revenue recognition:
-The risks and rewards of ownership pass from the seller to the buyer.
-The seller loses control of the goods sold.
-Collection of payment for goods or services is reasonably assured. Income can be properly measured.
-The cost of revenue can be properly measured.
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The Japanese greatly value products that make efficient use of space because of the cramped conditions in urban areas in Japan. This is an example of ________ in Japan's cultural system.A) social structureB) ecologyC) ideologyD) dogma
The Japanese greatly value products that make efficient use of space because of the cramped conditions in urban areas in Japan. This is an example of ideology in Japan's cultural system.
What do you mean by ideology?
Ideology is a set of beliefs and values that shape the way individuals and societies view the world. It is an often unconscious set of assumptions about how the world works, and it guides people’s behavior and opinions. Ideology can be based on religion, culture, political beliefs, and values. It can even be an individual’s personal set of rules for living.
In the case of Japan, their ideology is heavily influenced by their culture, which emphasizes the importance of making efficient use of limited space. This is reflected in their value system, where products that optimize the use of space are seen as highly desirable. This has been further reinforced by the densely populated urban areas of Japan, which have led to the need for efficient use of space. Therefore, the Japanese are inclined to value products that make efficient use of space due to the impact of their cultural system.
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a real estate office handles an apartment complex with 70 units. when the rent is $476 per month, all 70 units are occupied. when the rent is $504, however, the average number of occupied units drops to 68. assume that the relationship between the monthly rent p and the demand x is linear. (the term demand refers to the number of occupied units.) (a) write a linear equation expressing x in terms of p.
The linear equation expressing the number of occupied units (x) in terms of the monthly rent (p) can be written as: x = 70 - 0.25p suggests that the number of occupied units decreases by 0.25 for every increase in the monthly rent by $1.
This indicates that an increase in rent results in a decrease in demand.
It is also important to note that while the equation only considers the direct relationship between rent and demand, other factors such as the local economy, amenities, and the quality of the units can also affect demand. For example, if a complex offers better amenities, such as a gym or pool, demand for units may increase even with a higher rent. Similarly, if the quality of the units is improved, such as with renovations or upgrades, demand may also increase.
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Short Answer: In one sentence, list the two primary fiscal policy strategies used to combat slow growth and high unemployment.
Expansionary fiscal policy (increasing government spending and/or lowering taxes) and contractionary fiscal policy (cutting government spending and/or raising taxes) are the two basic fiscal policy techniques used to tackle weak growth and high unemployment.
Fiscal policy that directly raises aggregate demand by increasing government expenditure is sometimes referred to as expansionary or "loose." Fiscal policy, on the other hand, is generally regarded as contractionary or "tight" if it decreases demand through decreased expenditure.
Tax cuts and increased government expenditure are two primary elements of expansionary fiscal policy. Both of these programs aim to boost aggregate demand while adding to deficits or reducing budget surpluses.
Expansionary policy aims to stimulate company investment and consumer spending by infusing money into the economy, either directly through government deficit spending or through increased lending to firms and consumers.
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dicuss the three key element to the process of financial management
The three key elements of the process of financial management:
PlanningOrganisingControllingWhat is financial management?In order for the "organization to have the resources to carry out its aim as satisfactorily as feasible," which is sometimes described as maximizing the value of the company for investors, financial management is the business function that deals with profitability, costs, cash, and credit.
The technique of managing a business's finances in a way that enables it to be profitable and comply with rules is known as financial management. That requires both a comprehensive strategy and hands-on implementation. Every successful financial operation is supported by four pillars: accounting, reporting, planning & analysis, and guidance.
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west wind, inc. has 5,200,000 shares of common stock outstanding with a market value of $70 per share. net income for the coming year is expected to be $7,000,000. what impact will a two-for-one stock split have on the earnings per share and on the price of the stock? round the earnings per share to the nearest cent and the prices of the stock to the nearest dollar. eps before the split: $ eps after the split: $ price of the stock before the split: $ per share price of the stock after the split: $ per share
The EPS before the split is $1.35 and after the split, it is $0.68, and the price of the stock before the split is $70 per share and after the split, it is $35 per share.
EPS is a measure of a company's profitability, calculated by dividing the net profit by the number of outstanding shares of stock. It is used by investors to evaluate a company's financial performance and to compare it with other companies in the same industry. EPS is a widely used financial metric that provides an idea of the company's ability to generate profits for its shareholders. A higher EPS indicates that a company is profitable, and therefore, attractive to investors.
EPS is calculated after taking into account all the expenses, including taxes and interest, which have been incurred by the company during a given period. It is typically calculated on a quarterly or annual basis and is widely used to gauge the overall financial health of a company. A higher EPS is an indication of good management, efficient operations, and strong demand for the company's products or services. A lower EPS, on the other hand, could indicate that a company is facing challenges in generating profits or that it is not effectively managing its expenses.
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brown company paid its employee his weekly salaries of $400. show how to record the transaction to the t-accounts by completing the following sentence. the salaries expense account would be (debited/credited) on the (left/right) side of the t-account, and the cash account would be (debited/credited) on the (left/right) side of the t-account.
Brown company paid its employee his weekly salaries of $400. To record the transaction to the t-accounts, the complete sentence will be: the salaries expense account would be debited on the left side of the t-account, and the cash account would be credited right side of the t-account.
What is a T-account?A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping. A T-account is so named because the bookkeeping entries are organized in the shape of a T. Just above the T is the account title.
To record the payment of $400 weekly salaries to employees by brown companies, the salary expense account will be debited on the left side and the cash account will be credited on the right side.
Therefore, the complete sentence for the transaction is mentioned above.
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a when statement considers one or more conditions and returns a value as soon as that condition is met. 1 point true false
True. A when statement evaluates one or more conditions and returns a value when the condition is met. It is similar to an if statement, but it is used when there are multiple conditions to be evaluated.
What is return?Return, in the context of finance, is the profit or loss resulting from an investment or business activity. It is the difference between the income generated by the investment or activity (including any principal amount received) and the amount invested or spent to generate that income. Return may be expressed as a percentage of the amount invested, or it may be expressed in terms of the amount of money received or paid out relative to the amount invested. Return can also refer to the amount of money received from a sale or venture.
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assuming there are only these three people in the market, create the market demand curve for electricity on the second graph. move each of the points of the market demand curve provided to plot the appropriate market demand according to the dataset provided. round down to the nearest whole kwh for each consumer.
The marketplace demand curve for electricity can be observed given that simplest people in the marketplace are only these three people in the market , with the aid of round down to the nearest whole kwh for each consumer.
A marketplace demand curve is a graphical representation of the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase. It shows how the demand for a product changes as its price changes. The curve slopes downwards, indicating that as the price of a product decreases, the quantity demanded of it will increase. Conversely, as the price of a product increases, the quantity demanded of it will decrease.
The demand curve is useful for companies and policymakers to understand how changes in price affect consumer behavior, and to make informed decisions about pricing and production. The demand curve is also a crucial tool in microeconomic analysis, as it is one of the building blocks for understanding market dynamics and the functioning of a market economy.
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Using the production possibilities graphs, what would be acceptable terms of trade for coffee between Oscar and Julia?
The production possibility curve displays every possible combination of two commodities that can be produced in an economy given the available resources and technology, both of which must be used to their fullest extent.
What is the concept of production possibility function?The term "production possibility frontier" (PPF) refers to a graph that displays the highest possible output that two goods can achieve when the input is kept fixed or constant. Natural resources, capital goods, labor, and entrepreneurship are the components of the input.
The graph known as the Production Possibilities Frontier (PPF) displays all the possible output combinations of two different goods that can be produced using the current state of science and technology. The concepts of choice, tradeoffs, and scarcity are all covered by the PPF.
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match each part of the swot analysis with the specific business action that you might take when you discover it. strength strength drop zone empty. weakness weakness drop zone empty. opportunity opportunity drop zone empty. threat threat drop zone empty. focus on less risky international markets during worldwide financial instability.
Matching each part of the swot analysis with the specific business action that one might take when they discover it. Strength-> Build on it. Weakness-> Correct it. Opportunity-> Exploit it. Threat-> Avoid it.
Using a SWOT analysis, a person or organization can determine their strengths, weaknesses, opportunities, and threats in relation to project planning or competitive business environments. Situational analysis or situational evaluation are other names for it.
An organization's strengths, weaknesses, opportunities, and threats can be identified and analyzed using the SWOT analysis framework. The SWOT acronym is made up of these words. SWOT analysis's main objective is to raise awareness of the factors that influence business decisions and the formulation of business strategies.
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Type your answer in the boxCompany; dept. A; dept B.predetermined oh rate per direct labor hour = $2.10; $2.40; $1.80 direct labor hours worked on job abc 30; 17; 13 based on this information, the overhead applied to job abc using multiple predetermined overhead rates is $ ___.(Round your answer to two decimal places.)
The overhead implemented to job ABC using various overhead rate rates is $127.20 = $87.70
What is a job in business?Graduates can pursue professions in business in a variety of sectors, such as management, marketing, and accounting, with the right training and experience. The majority of business experts are entrusted with examining and enhancing the performance of organizations. For business professionals, the job market is fairly promising.
To calculate this, first find the total overhead for each department:
Dept. A: $2.10 x 30 hours = $63.00
Dept. B: $2.40 x 17 hours = $40.80
Dept. C: $1.80 x 13 hours = $23.40
Then, add the overhead from each department to find the total overhead applied to job ABC:
$63.00 + $40.80 + $23.40 = $127.20
Rounding to two decimal places, the overhead applied to job ABC using multiple predetermined overhead rates is $127.20 = $87.70.
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suppose that the mean retail price per gallon of regular grade gasoline in the united states is $3.49 with a standard deviation of $0.20 and that the retail price per gallon has a bell-shaped distribution.
Sixty-four percent of standard grade gasoline is sold at between $3.35 and $3.55 per gallon.
In the range of $3.35 and $3.65 a gallon, 81.5% of regular grade gasoline is sold.
In 84% of cases, standard quality gasoline is offered for less than $3.55 per gallon.
How to find the calculation?Average retail cost is $3.45.
0.10 is the standard deviation.
According to the empirical rule, 99.7% of the data is shown to follow a normal distribution that is within 3 standard deviations.
70% of the data are within one standard deviation.
Under two standard deviations, 95% is found.
Under 3 standard deviations, 99.7% is found.
3 standard deviations are located to the left and right of the mean. The chart is provided below.
3.45 is the mean. 0.1 is the standard deviation
3.45+0.1=3.55
3.45-0.1=3.35
Consequently, the first standard deviation is between 3.35 and 3.55.
68% of the range is between $3.35 and $3.55.
3.45 +0.1+0.1=3.65
3.35 is within one standard deviation of the mean and two deviations from it on the right.
So , 34+34+13.5=81.5%
81.5% of the range is between $3.35 and $3.65.
There are 3 standard deviations to the left of the mean and 1 standard deviation to the right for gasoline that sells for less than $3.55.
0.15+2.35+13.5+34+34=84%.
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pavel is an inventor. he read that there were several million people who could not sleep at night until they looked under the bed. he invented a light that could be put under the bed and went on automatically when someone looked there. pavel's product is designed to help people perform a . question 17 options: ritual rite of passage convention symbolic exchange
The invention of Pavel is designed in a manner which will help people a ritual that is option A is correct.
The job of any inventor is to create inventions that will help the people in many ways and it will make their life easy. Pavel is also an inventor and he intends to help people all over the world with his inventions. When he studies and carries out a research he comes to know that millions of people around the world are unable to sleep at night until and unless they looked under their bed. So to help people, he invented a bulb that will automatically turn on when someone looked at it. This will help the people to perform their ritual of looking under the bed and it will also ease their way of doing the ritual.
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Complete Question:
Pavel is an inventor. he read that there were several million people who could not sleep at night until they looked under the bed. he invented a light that could be put under the bed and went on automatically when someone looked there. Pavel's product is designed to help people perform a . question 17 options:
A. ritual
B. rite of passage
C. convention
D. symbolic exchange
Scenario 3-2 In country A a worker who works 40 hours can produce 200 pounds of rice or 100 pounds of broccoli. In country B a worker who works 40 hours can produce 160 pounds of rice or 120 pounds of broccoli. It takes Heather 1 hour to change the oil in the car and 20 minutes to do the dishes. It takes Zach 1.5 hours to change the oil in the car. For Zach to have a comparative advantage changing the oil it must take him more than ____ minutes to do the dishes.
In country A a worker who works 40 hours can produce 200 pounds of rice or 100 pounds of broccoli. The answer to all the questions depends on opportunity cost and comparative advantage.
1) Rice production opportunity cost:
Opportunity cost of producing rice = 100 pounds of broccoli / 200 pounds of rice = 1/2 pound of broccoli for country A
Opportunity cost of producing rice = 120 pounds of broccoli / 160 pounds of rice = 3/4 pounds of broccoli for country B
Broccoli production opportunity cost:
Opportunity cost of producing broccoli in country A = 200 pounds of rice / 100 pounds of broccoli = 2 pounds of rice
Opportunity cost of producing broccoli in nation B = 160 pounds of rice / 120 pounds of broccoli = 4/3 pounds of rice
2) A country with a comparative advantage has a lower opportunity cost.
Country A has a comparable in rice production (1/2 pound of broccoli 3/4 pound of broccoli).
Country B produces broccoli at a comparable rate (4/3 pounds of rice 2 pounds of rice).
3) The price should be between two different opportunity costs for better off trading.
As a result, the price per pound of broccoli in pounds of rice should range between 4/3 and 2 pounds of rice.
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Correct question:
Scenario 3-2 In country A a worker who works 40 hours can produce 200 pounds of rice or 100 pounds of broccoli. In country B a worker who works 40 hours can produce 160 pounds of rice or 120 pounds of broccoli.
Refer to Scenario 3-2. What is the opportunity cost of producing rice? Refer to Scenario 3-2. What is the opportunity cost of producing broccoli? Refer to Scenario 3-2. Which country, if either, has a comparative advantage producing rice? Refer to Scenario 3-2. Which country, if either, has a comparative advantage producing broccoli? Refer to Scenario 3-2. Give a range of prices in terms of pounds of rice per pound of broccoli at which the two countries would be both be willing to trade.
Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated construction costs at inception was $4,000,000. The construction project was completed after two years. Below are the actual costs for years 1 and 2: Cumulative Year 1 Year 2 1,200,000 2,500,000 3,600,000 2,100,000 1,050,000 2,300,000 1,000,000 1,900,000 Description Cost incurred to date Estimated costs to complete Billings Cash Collections Red has determined that this contract qualifies for revenue recognition while the performance obligation is being met. As a result, Red Builders should have recognized profit at the end of year 1 in the amount of:
Red Builders ought to have recorded a $300,000 profit at the end of the first year.
Total expected costs = cost incurred to date + estimated cost to complete
= 1,200,000 + 3,600,000
= 4,800,000
Percentage of completion = (cost incurred to date/total expected cost) × 100
= (1,200,000/4,800,000) × 100
= 0.25
= 25%
Profit = contract revenue - Total expected costs
= $6,000,000 - 4,800,000
= $1,200,000
Cumulative gross profit = Profit × Percentage of completion
= $1,200,000 × 0.25
= $300,000
Therefore, Red Builders ought to have recorded a $300,000 profit at the end of the first year.
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--The given question is incomplete; the complete question is
"Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated construction costs at inception were $4,000,000. The construction project was completed after two years. Below are the actual costs for years 1 and 2: Description Cumulative
Year 1 Year 2
The cost incurred to date is 1,200,000 2,500,000
Estimated additional costs to complete 3,600,000 2,100,000
Billings 1,050,000 2,300,000
Cash Collections 1,000,000 1,900,000
Red has determined that this contract qualifies for revenue recognition over time (as opposed to upon completion). As a result, Red Builders should have recognized profit at the end of year 1 in the amount of:
a. $300,000
b. $600,000
c. $1,050,000
d. $1,000,000"--
Opaque is a type of travel booking model
select all that apply which of the following primary factors are important both in managing products and managing services? multiple select question. a. managing patents b. managing suppliers c. managing variation capacity planning d. forecasting process management
The primary factors are important both in managing products and managing services are forecasting ,capacity planning, process management, managing variations and managing suppliers.
What is meant by managing products and services?Product service management (also known as product/service management) is the process of shaping a company's offerings in response to market fluctuations in demand. A product service manager (PSM) anticipates and guides product development to meet customer needs.Product management is an organizational function that guides every stage of a product's lifecycle, from development to positioning and pricing, by focusing first and foremost on the product and its customers.There are numerous parallels between managing product production and managing services. In fact, the majority of the topics covered in this book are relevant to both. Important service considerations are highlighted in separate sections when they exist.Here are some of the most important factors for both:
Supply and demand forecasting and capacity planningProcess administrationManaging VariablesCost and productivity are monitored and controlled.Supply chain administrationPlanning for locations, inventory management, quality control, and schedulingForecasting and capacity planning to ensure supply matches demandTo learn more about product service management refer to :
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buzztronic is a market leader in consumer electronics. If Finolo and Ethver, companies that manufacture televisions, develop the same customer knowledge base and create products with the same customer appeal as buzztronic , then A. buzztronic will have a resource that is rare but no longer valuable.
B. Finolo and Ethver will have a VRIO resource.
C. buzztronic will have a sustainable competitive advantage in the industry.
D. buzztronic will have a resource that is valuable but no longer rare.
The correct answer to this question is option D. If Finolo and Ethver, companies that manufacture televisions, develop the same customer knowledge base and create products with the same customer appeal as Buzztronic, then Buzztronic will have a resource that is valuable but no longer rare.
A knowledge base is a self-service customer service library that offers details on a good, service, or subject to assist people to find solutions to issues on their own. They typically resemble this in appearance.
A knowledge base for customer service is a ready-to-use content repository where customers can independently access information and solutions. It includes articles, answers to commonly asked questions, how-to guides, and troubleshooting instructions that customers may require to address problems after making a purchase of a good or service.
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Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following action is most likely to decrease shopping cart abandonment?
Where lowering the shopping cart abandonment rate is a reliable way to improve conversion rates., Note that the actions that is most likely to decrease shopping cart abandonment is: "Streamline the payment process." (Option B). The above is an e-commerce problem.
How can the payment process be streamlined?It is important to note that Automated Payments are one of the most effective methods to streamline your small business's payment operations.
You may set up automated and regular payments with online accounting software. This means you may arrange invoices and costs to be sent at certain times. This is something that mobile invoicing can help you with.
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Full Question:
Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following actions is most likely to decrease shopping cart abandonment?
-Add more steps to the payment process.
-Streamline the payment process.
-All of the above.
-None of the above.
he body of rules and procedures that guide the measurement and communication of financial accounting information is known as ____
multiple choice :
A. standards of professional compliance (spc). B. code of ethical decisions (coed).
C. rules of financial reporting (rfp). D. generally accepted accounting principles (gaap).
The body of rules and procedures that guide the measurement and communication of financial accounting information is known as generally accepted accounting principles (GAAP)
Hence, option (d) is correct choice.
The Financial Accounting Regulations Board publishes a collection of accounting rules, standards, and processes known as generally accepted accounting principles (GAAP) (FASB).
Accounting is the measurement, processing, and exchange of financial and non-financial information regarding economic entities such as enterprises and corporations.
GAAP, or generally accepted accounting principles, are guidelines that cover the particulars, intricacies, and legalities of commercial and corporate accounting. The Financial Accounting Standards Board (FASB) bases its complete collection of recognized accounting procedures and practices on GAAP.
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a(n) is a document that outlines what needs to be in place and what processes are necessary if an emergency such as a hurricane or fire occurs at a business. disaster recovery plan data security plan archiving plan data backup plan
A disaster recovery plan is a document that outlines what needs to be in place and what processes are necessary if an emergency such as a hurricane or fire occurs at a business.
What is disaster recovery plan?A disaster recovery plan (DRP), also known as a disaster recovery implementation plan or an IT disaster recovery plan, is a documented policy and/or process that is intended to help an organisation carry out recovery procedures in the event of a disaster, thereby protecting business IT infrastructure and, more generally, fostering recovery.
The goal of a disaster recovery plan is to thoroughly outline the consistent steps that must be taken before, during, and after a natural or man-made disaster so that the entire team can take those steps. An intentional man-made disaster, such as the effects of terrorism or hacking, as well as unintentional man-made disasters, such as equipment failure, should both be covered by a disaster recovery plan.
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Beach Corporation, which produces a single product, budgeted the following costs for its first year of operations. These costs are based on a budgeted volume of 30,000 towels produced and sold:
Direct materials $ 96,000
Direct labor $ 48,000
Variable manufacturing overhead $ 72,000
Fixed manufacturing overhead $ 60,000
Variable selling and administrative expenses $ 12,000
Fixed selling and administrative expenses $ 36,000
During the first year of operations, Beach Corporation actually produced 30,000 towels but only sold 24,000 towels. Actual costs did not fluctuate from the cost behavior patterns described above. The 24,000 towels were sold for $16 per towel. Assume that direct labor is a variable cost.
What is the total cost that would be assigned to Beach Corporation's finished goods inventory at the end of the first year of operations Under variable costing?
$43,200
$55,200
$64,800
$45,600
Answer:
$43,200 dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd
This activity is important because we will all be faced with difficult choices and don't want to make an unethical choice. It helps to ask
yourself the three questions created by Blanchard and Peale to make sure you don't make a mistake and do something unethical,
The goal of this activity is to demonstrate your understanding of how to use the three questions to ask yourself when faced with an
ethical dilemma.
Instructions: Read the descriptions and then determine which question is appropriate for each situation.
1. Your boss is always asking you to lie to your coworkers about why he is never in his office to cover for him.
How will it make me feel about myself? ✓
2. Your boss asks you to accept cash payments for wages and not report them to the government.
Is my proposed action legal?
3. You call in sick to work to go out with friends. It is the busiest night of the season at your job.
Is it balanced?
4. Your boss asks you to post lies about his competitor on social media.
Is it balanced?
5. A friend asked for the answers to the ethics test the employment office gives all applicants.
Is it balanced?
(Click to select)
How will it make me feel about myself?
Is my proposed action legal?
Is it balanced?
The questions that are appropriate for each scenario are:
How will it make me feel about myself?Is my proposed action legal?Is it balanced?Is it balanced?Is it balanced?How to overcome ethical dilemmas?When faced with an ethical dilemma, it is important to consider three questions to help guide your decision-making.
How will it make me feel about myself?: This question helps you consider the impact that your actions will have on your own sense of morality and personal values.
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The MSSP process can be described in terms of a series of elements that should be used in the purchase of goods and services. Briefly discuss these elements.
A managed security service provider (MSSP) is an information technology (IT) service provider that sells security services to enterprises.
MSSPs provide cybersecurity monitoring and management, including virus and spam blocking, intrusion detection, firewalls, and virtual private network (VPN) management.
There are six main categories of managed security services:
- On-site consultation
MSSP Consulting involves MSSPs performing in-depth security assessments of their organization's networks to identify potential and actual vulnerabilities.
- Customer network perimeter management
The purpose of the perimeter is to restrict access to sensitive data. Typically, you control who can access what on your network.
For MSSPs who provide security to large enterprises, a critical task is to ensure that the corporate network perimeter is satisfactory and all devices within it are well protected.
- Product resale
The MSSP model emerged when large companies dominated the market with their own security products.
The reseller then offers its customers customized security his solutions that consist of products from multiple vendors.
Managed security monitoring is usually the first step in responding to security incident reports.
This includes regular daily monitoring of security events, such as user logins and permission changes, and investigation of such system events throughout the network.
- Penetration testing and vulnerability analysis
Penetration testing and vulnerability assessment are methods of testing an organization's security, usually its information and technical assets.
Penetration testing is a type of ethical hacking that attempts to break into a computer system to discover vulnerabilities that hackers can exploit.
- Compliance monitoring
Compliance monitoring is the process of validating whether an organization adheres to data security policies and procedures.
Compliance monitoring typically involves MSSPs performing regular scans of their security devices and infrastructure.
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