State agencies are involved in the fiscal cycle's last step. The budget is handled concurrently by both houses of the legislature.
Explain what a budget is.A budget is a spending plan that is based on income and expenses. In other words, it's a forecast of your earnings and spending for a given period of time, such as a month or a year.(Or, if you're keeping track of the money coming in and going out of your home as a whole, that's a family budget.)
Why is having a budget crucial?Having a budget promotes financial stability. A budget makes it simpler to pay bills on time, accumulate an emergency fund, and save for significant costs like a vehicle or home by keeping track of spending and sticking to a plan. Overall, creating a budget improves one's short- and long-term financial stability.
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the table contains the monthly demand for soda cans for four students. if these four students make up the entire market, what is the total monthly market demand for soda at $1.50 per can? 148 cans 125 cans 45 cans 99 cans
The answer is 148 cans , if these four students make up the entire market, and the total monthly market demand for soda at $1.50 per can.
What does the word "market" mean to you?The exchange of goods and services occurs when buyers and sellers come into contact with one another, whether directly or through middlemen or institutions.
How does a market function?A market is a collection of consumers that can be divided into numerous categories based on a variety of factors. Age, income, occupation, gender, personality, amount of use, and lifestyle are just a few of the characteristics of consumers.
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a layout is an arrangement based on the sequence of operations that is performed during the manufacturing of a good or delivery of a service.
A product layout is an arrangement based on sequence of operations that is performed during manufacturing of good or delivery of service.
What is product layout?A product layout, used in manufacturing engineering, describes a production system where the workstations and equipment are positioned along the line of production, much like with assembly lines. The majority of the time, a conveyor is used to move work units along a line—not necessarily a geometric line, but rather a group of connected work stations. Each of the work stations along the line just does a little bit of work. To use the product layout, the total amount of work that needs to be done must be able to be broken down into manageable chunks that can be delegated to each workstation. As a result of the small amounts of work that each work station performs, each station uses techniques and tools that are unique to the task at hand. Higher production rates may result from this.
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in a process-costing system when goods move from department to department, the accounting for such transfers is relatively simple under . a. fifo costing b. weighted-average costing c. operations costing d. standard costing
Each unit in a process-costing system consumes about the same amount of resources.
Process Costing System:
They are often included uniformly throughout the production process in process pricing. When a large number of similar products are manufactured, a process costing system accumulates expenses. In this situation, it is more efficient to gather costs for a large number of items and then distribute them among the various produced units. Since it is assumed that the price of each unit is much like the price of every other unit, tracking data at the individual unit level is not required.
Alternatives to the Process Costing System:If a process costing system does not work well with a company's cost accounting systems, there are two more systems to consider. The job costing method is intended to gather expenses for single units or small manufacturing batches. A hybrid costing approach, in which process costing is utilized part of the time and job costing is used the rest of the time, works well in production situations where some manufacturing is done in big batches and other work stages demand labor that is unique to individual units.
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the discounted payback method recognizes all cash flows over a project's life, and it also adjusts these cash flows to account for the time value of money.
The discounted payback method accounts for the time value of money by adjusting all cash flows over the course of a project's life.
The fact that discounted payback period analysis overlooks cash flows after the payback period is one of its drawbacks. Therefore, it cannot predict how an investment will perform in the future or how much value it will ultimately provide to a corporate manager or investor. It could result in choices that go against the NPV analysis.
The time it takes for project cash flows to cover the initial investment is known as the payback period. Contrary to the discounted payback period, when those cash flows are first discounted to their present value before the repayment computation is made, this does not occur in this situation.
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venues sometimes take a cut of merchandise revenue from concert dates, usually on a variable scale specified in contracts, which is sometimes called a ______ fee.
Venues sometimes take a cut of merchandise revenue from concert dates, usually on a variable scale specified in contracts, which is sometimes called a facilities fee.
What is the facilities fee?Facilities fee is the expenses charged by hospitals to cover their overhead- the funding needed to keep the lights on, machines running, and doors open.
People who receive outpatient care at hospital-owned buildings are charged a facility fee, in addition to treatment costs and fees charged, individually, by doctors. Patients are often shocked when they receive a bill that is much higher than they expected since the hospitals don't have to disclose the costs of facility fees beforehand.
One of the main ways patients face facility fees is through outpatient treatment in an emergency room.
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b. determine one possible combination of government spending increases and tax increases that would accomplish the same goal without changing the amount of outstanding debt (i.e., maintaining the budget balance at its current value).
One possible combination of government spending increases and tax increases that would accomplish the same goal without changing the amount of outstanding debt are;-
Increase government spending by $25 billion.
Increase taxes by $25 billion.
A central authority is the device or organization of human beings governing an organized network, usually a state. inside the case of its broad associative definition, government normally consists of legislature, govt, and judiciary.
A government is the gadget to manipulate a kingdom or network. The Columbia Encyclopedia defines government as "a system of social manipulate underneath which the right to make legal guidelines, and the right to enforce them, is vested in a selected institution in society".
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wes was a major league baseball pitcher who earned $10,000,000 for his 20 wins this year. sam was also a major league baseball pitcher before a career-ending injury caused by a negligent driver. sam sued the driver and collected $6,000,000 as compensation for lost estimated future income as a pitcher and $4,000,000 as punitive damages. a. do the amounts that wes and sam receive have the same effect on their gross income? yes b. enter the amount, if any, to be included in the gross income for wes and sam.
a). The amounts that wes and sam receive have no effect on their gross income.
b). Gross income for Wes is $10,000,000 and $4,000,000 for sam.
Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for households and people before any deductions or taxes are applied. It differs from net income, which is calculated as gross income less any applicable taxes and other deductions.
Because Wes earns $10 million and Sam receives $4 million, the amount Wes and Sam receive does not have the same gross income.
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based on this data, which country or countries would you expect to have an economy highly dependent upon industry
An economy is a machine of interrelated manufacturing and intake sports that ultimately decide the allocation of sources inside a group. The manufacturing and consumption of goods and services as a whole fulfill the needs of these residing and operating inside it.
Economics plays a position in all of the following primary lifestyle reviews: How the authorities plan rules. The nation of the housing market and real estate investment opportunities. The potential to make wise economic choices.
The economic increase is pushed regularly with the aid of customer spending and enterprise funding. Tax cuts and rebates are used to go back cash to clients and raise spending. Deregulation relaxes the policies imposed on agencies and had been credited with creating growth however can result in excessive risk-taking.
The financial system is the social institution that organizes the production, distribution, and consumption of a society's goods and services. It consists of three sectors: the number one region, the secondary zone, and the tertiary region. the two foremost financial structures in modern-day societies are capitalism and socialism.
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roller coasters are popular attractions at amusement parks. a cart on a roller coaster approaches the highest point which statement best describes the energy of the roller coaster as it slows down while traveling to the top of
As the roller coaster climbs another hill, it slows down. Kinetic energy is converted into potential energy.
The coaster's potential energy when on a hill is converted to kinetic energy when the coaster accelerates down the hill. As the roller coaster climbs another hill, it slows down. Kinetic energy is converted into potential energy.
What energy does a roller coaster consume at each point?Kinetic energy is what makes an object move. Many vehicles convert potential energy into kinetic energy to move along tracks. As the engine pulls the car up, it stores a lot of potential energy. This is released when the roller coaster reaches the top.
What happens to the potential energy as the roller coaster approaches the highest point?At the highest point of the roller coaster (assuming no velocity), the object has maximum gravitational potential energy and no kinetic energy. As the object moves down, the gravitational potential energy begins to decrease and the kinetic energy increases.
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honda is a multinational company. in most countries in which it operates, honda opens facilities that give it total control over manufacturing and other processes. however, in china honda must partner with domestic companies due to legal and regulatory constraints. in these cases, honda owns part of the company, while the domestic firm owns the other part. in most countries, honda engages in , but in china it engages in .
Honda is a multinational company. In most countries in which it operates, Honda opens facilities that give it total control over manufacturing and other processes. However, in China Honda must partner with domestic companies due to legal and regulatory constraints. In these cases, Honda owns part of the company, while the domestic firm owns the other part. In most countries, Honda engages in direct ownership, but in China engages in joint ventures
What does marketing ownership entail?This is the value created by marketing efforts to maximize the desire to own a benefit or product from a service. Owning a jip or a car, for example, may be considered to have a high ownership utility.
A joint venture is a partnership between two or more parties to develop a single enterprise or project for profit while sharing the risks associated with its development. The joint venture's parties must consist of at least two natural persons or entities.
It is a business entity formed by two or more parties that is distinguished by shared ownership, returns and risks, and governance
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In these cases, honda owns part of the company, while the domestic firm owns the other part. In most countries, honda engages in direct ownership, but in china it engages in joint venture.
A joint venture (JV) is a corporate company formed by two or more partners that is typically characterised by shared ownership, shared returns and risks, and shared governance. Companies often explore joint ventures for one of four reasons: to get access to a new market, particularly an emerging market; to gain scale efficiencies by integrating assets and operations; to share risk for significant investments or projects; or to access talents and capabilities. The argument that joint ventures lessen downside risk was refuted by Reuer and Leiblein's work.
Joint ventures have received a lot of bad press, but objective facts suggest they might possibly outperform fully owned and controlled affiliates, claims Gerard Baynham of Water Street Partners.
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the blank gap can be closed by getting employees to meet or exceed service standards when the service is being delivered, empowering them, providing support and incentives, and using technology where appropriate.
The delivery gap can be reduced by empowering service providers, offering assistance and incentives, and using technology where appropriate to get employees to achieve or exceed service standards when the service is delivered.
What is employees?The term employee refers to the work in the company to earn the money. The employee is the provided the services to the company with exchange of the salary. The employees are the work with the unity are the increased the wealth of the company.
According to the given the case was to justify the delivery gap are the main reason to the employees are not to the suitable and the technical breakdowns, and also lack of adequate training.
As a result, the case was the fit into the employees to achieve are the delivery gap.
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the hawthorne studies showed that financial incentives are not necessarily the most important motivator for workers.A. TrueB. False
This statement is true. The Hawthorne Effect is when participants in an experiment try to alter or enhance their behaviour merely because it is being assessed or researched.
What is Hawthorne effect ?The Hawthorne effect is a form of reaction in which people alter a behaviour pattern in response to being aware of being watched. The impact was identified during study at the Hawthorne Western Electric facility, however other academics believe the accounts are fictitious.At the Hawthorne Works, a Western Electric facility in Cicero, Illinois, employees who produced electrical relays were a part of the original study. The illumination investigation was carried out between 1924 and 1927. Workers went through a series of lighting modifications, and it was claimed that productivity rose with practically every change in lighting. This proved to be untrue. A group of five women participated in the Elton Mayo study, which took place between 1928 and 1932, and involved a number of organisational adjustments. However, because of its weak methodology and lack of controls, this study did not allow for the drawing of any conclusive findings.To learn more about Hawthorne Effect refer :
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How many qualifications should you highlight in the argument section of your cover letter?.
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)
Cost budgeting can be defined as a tool to estimate the costs or necessary efforts for projects, work packages or activities in project management
Calculation of missing data in 1st Quarter
Collections from customers = Total cash available - Cash balance beginning
= $71 - $6
= $65
Total disbursements = Total Cash available + Deficiency in cash
= $71 + $2
= $73
Selling and administrative expenses = Total disbursements - Purchase of inventory - Equipment Purchase - Dividends
= $73 - $35 - $8 - $2
= $28
Borrowings = $5 + Deficiency in cash
= $5 + $2
= $7
Calculation of missing data in 2nd Quarter
Deficiency in cash = Borrowings - Minimum cash balance
= $15 - $
= $10
Total Cash available = Total Disbursements - Deficiency in cash
= $85 - $10
= $75
Collections from customers = Total cash available - Cash balance beginning
= $75 - $5
= $70
Calculation of missing data in 3rd Quarter
Total Disbursement = Total Cash Available - Excess Cash
= $101 - $11
= $90
Purchase of inventory = Total disbursements - Selling and administrative expenses - Equipment Purchase - Dividends
= $90 - $30 - $10 - $2
= $48
Repayments = Excess Cash - Minimum Cash
= $11 - $5
= $6
Calculation of missing data in 4th Quarter
Collection from customer = Total Collection - Collection of 1st, 2nd and 3rd Quarter
= $323 - $65 - $70 - $96
= $92
Selling and administrative expense = Total Selling and admin. expense - Selling and admin. expense of 1st, 2nd and 3rd Quarter
= $113 - $28 - $30 - $30
= $25
Equipment Purchase = Total Equipment Purchase - Equipment Purchase of 1st, 2nd and 3rd quarter
= $36 - $8 - $8 - $10
= $10
This is how we can explain the cost balance for four quarters.
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what are some of the reasons why it is important to close out a project? what can project managers accomplish in closing out a project?
Project closure helps avoiding mistakes in future projects and objectives.
You can successfully hand off your solution to the customer or end-user by adhering to a well-defined project closure plan. The final stakeholders are given the knowledge, tools, and training necessary to properly manage and use the product thanks to this process.
The project closure procedure also guarantees that the project is formally finished and is no longer regarded as a project, enabling you to transfer control to the appropriate team in responsibility of managing and maintaining the project's results.
You reduce risks, raise client happiness, and make sure everyone is on the same page by formally completing a project. In other words, project closure is a step that must be completed.
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which of the following is a key to scm success? group of answer choices be future oriented listen to signals from telecommunications equipment and plan accordingly wean suppliers off traditional business practices make the sale to the manufacturers
The following is a key to scm success : listen to signals from telecommunications equipment and plan accordingly.
What is telecommunication?Telecommunication is one of the most important tool for business. It enables businesses to communicate effectively with their customers and provide a high level of customer service.Telecommunication is a key element in enabling employees to easily collaborate from anywhere, whether remote or onsite. Important telecommunication technologies are telegraph, telephone, radio, television, video telephony, satellite, closed computer networks and public Internet. Telecommunications technologies include wiring, wireless, switching, transmission, radio frequency, optical communications, media, and internet protocol networks. Workers in this sector may work as contractors or be part of large telecommunications companies. Key components of Telecommunication systems include: Signals, communication channels, communication networks. Today's telecommunication systems can transmit graphics, video, voice, and text.To learn more about telecommunication from the given link :
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after his third month of low sales, ali is called into the sales manager's office and told that he had better start meeting his quota or he will be laid off. the manager appears to be coping with the problem of low sales by using a(n) strategy called .
After his third month of low sales, ali is called into the sales manager's office and is told that he had better start meeting his quota or he will be laid off. The manager appears to be coping with the problem of low sales by using a problem-focused coping strategy called confrontive coping.
What is copingCoping is a psychological mechanism for finding adequate responses to environmental demands and challenges, efforts that involve cognitive and behavioral, which are channeled to manage both external and internal demands that cause pressure or are judged to exceed one's own resources.
Types of problem-focused coping strategy Confrontive coping (coping strategies that are carried out aggressively to change circumstances that are considered pressing/dangerous, trying to get what you want) Seeking social support (a coping strategy characterized by the urge to gain emotional comfort and seek information from other people around them) Planful problem solving (characterized by the urge to focus on the problem and try to make a plan to solve the problem at hand)Learn more about confrontive coping at https://brainly.com/question/29524515.
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How schools can successfully partner with local businesses?.
Build a local advisory board, school administrators can plan and administer fundraising strategies with the aid of business skills.
How can businesses get involved in schools?Employers require workers that are competent and organised. Developing relationships with students promotes career decisions that will help businesses and support their efforts in hiring. Partnerships help schools by providing them with the human and financial resources they need to deliver high-quality education.School administrators can plan and administer fundraising strategies with the aid of business skills. Businesses can organise special dinners and events to raise money for a cause, and they can also contribute financially by making their own donations.Students can act as the go-betweens between the institution and the business partner; they can discuss what is happening in the classroom to give the institution some context and a human face.To learn more about business refer:
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a. the terms social cost and external cost are synonyms. b. social cost is the sum of private and external costs. c. when the production of a good results in pollution, private and social costs are the same. d. when the production of a good results in pollution, private and social costs are different. e. pollution is an example of an external cost. f. wages are an example of an external cost. g. private costs are costs that the firm is not obligated to disclose to the public.
The statements that are true are option B, D and E, whereas the rest of the statements are false.
According to neoclassical economics, the social cost of a transaction is the sum of the private costs connected with it as well as the costs that consumers endure as a result of being exposed to it but not paying or being charged for it. It stands for the sum of both internal and external costs.Uncompensated social or environmental repercussions are referred to in economics as external costs (also known as externalities). For instance, when consumers purchase gas for a car, they do not pay for the expenses associated with burning that fuel, such as air pollution, but rather only for the costs associated with producing that fuel (an internal cost).Thus the statements that are true and false are given here.
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Suppose a person's nominal income increases by 8% while the price level in the economy increases by 10%. In this case, the person's real income: decreased by 18% increased by 2% decreased by 2% increased by 18%
In a situation wherein a person's original income increases by 8%, and price level of the economy increases by 10%, then such person's real income is said to have decreased at a rate of 2%. Therefore, the option C holds true.
A person's real income can be referred to or considered as the income that represents the outcome of the nominal income, while it is being adjusted against the prevailing rates of inflation in the economy.
Using the provided information,
Real Income = Change in Income - Inflation Rate
Real Income = 8 - 10
Real Income = -2%
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because people take into account all information available to them in forming their expectations of the price level ep, only changes in the money supply affect real gdp. changes in the money supply that are when prices were set do not have any real effects.
The distinction between the level of actual GDP and capability GDP is called the output hole. when the output gap is advantageous—whilst GDP is better than capability—the financial system is running above its sustainable potential and is in all likelihood to generate inflation.
Reducing hobby fees will purpose funding (I) to upward push, and hence mixture expenditure will upward thrust too, so for every given charge stage the aggregate demand curve will shift to the right leading to higher output and decrease unemployment.
The mixture call for curve tends to shift to the left while overall customer spending declines. 2 consumers might spend much less due to the fact the cost of dwelling is growing or due to the fact authorities' taxes have multiplied. consumers may also determine to spend much less and shop more in the event that they count on charges to rise in the destiny.
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if a firm holds a pure monopoly in the market and is able to sell 4 units of output at $2.00 per unit and 5 units of output at $1.75 per unit, it will produce and sell the fifth unit if its marginal cost is
If a company has a complete monopoly in the market and can sell 4 units of production for $2.00 each and 5 units for $1.75 each, it will create and sell the fifth unit if its marginal cost is less than $0.75.
Why is marginal cost so crucial?In essence, marginal cost is the price of producing an additional unit of a good or service. There are two distinct categories of expenses to be aware of while looking at the income statement. You do have fixed costs, though. These are typically substantial costs that remain constant regardless of how many units you produce.
Is a low marginal cost desirable?A lower fixed cost of operation for a company at a given production volume is indicated by a lower marginal cost of production. Increases in production may not be in the best interests of the company if the marginal cost of production is high and the expense of doing so is high as well.
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in this type of comparative system, employees are rated according to a normal curve with a certain percentage of performers at the top, middle, and bottom.
This type of comparative system is called forced distribution . (Option C)
- A bell-shaped curve must be forced into the employee ratings in order for the forced distribution performance appraisal rating method to be used.
- Forced distribution, also known as the "forced ranking" or "forced choice" technique, is a style of employee evaluation wherein individuals are ranked against one another as opposed to against performance standards.
- This strategy also has the benefit of being a fairly quick and simple model to comprehend and use. Since all employees are divided into groups, HR can more easily target development programs to the right talents.
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- The complete question is :
In this type of comparative system, employees are rated according on a normal curve with only percentage of performers at the top, middle and bottom.
A. Paired comparison.
B. Simple rank order.
C. Forced distribution.
Brad is planning a business trip. he has bought new clothes for the trip, and his company has arranged for transportation. in economics, what is the term used to describe the clothes and transportation?
The term that is used to describe clothes and transportation is Goods and Services.
Goods are items that have value. The amount of goods is usually less than the consumer needs. Because of it, consumers need to sacrifice to get these goods. They can spend money, energy, time, thoughts, and others to get goods. even though they have to sacrifice, consumers usually don't think twice about getting it because they need it to meet their needs.
As for supplies, these goods can be produced by humans or provided by nature.
Services are economic activities that provide direct services to consumers, mainly in four categories:
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if the owner of webco decides to close or go out of business, what must happen for webco to sell the contract to another company?*
The contract cannot be sold to another company without the consent of all the shareholders. So, Webco will need consent of all the parties involved.
A company or a business is run by a group of individuals together and not just by one individual. Each party involved in the business has their own share in the company and its profits. If the company is in loss, it is the collective responsibility of all the parties involved in the business. All the parties involved sign a contract regarding the business and all have to abide by the contract once signed as it can not be changed. It can only be modified with the consent of all the members. If any member violates the contract then others are free to take legal actions. The owner of Webco cannot move out of the business on his own. He has to take consent of all the parties in the contract.
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If only members are allowed to purchase tickets to this year's celebrity golf tournament, then what will be the equilibrium price?
The equilibrium price will be $20. This is because the equilibrium price must be the same between supply and demand.
An equilibrium price, generally can be defined as a market-clearing price, is the consumer cost assigned to service or some product such that demand, and supply are equal, or close to equal. The equilibrium price can be described as supply of goods matches demand. Or known as that the forces of supply and demand are relatively same, and the market is in a state of equilibrium. Supply, which is generally can be defined as how much of something you have, and demand, which is generally can be defined as how much of something people want.
The question is incomplete, the complete question is:
A country club usually allows members to purchase tickets for its celebrity golf tournament, but is considering allowing non-members to purchase tickets this year. The demand and supply schedules are as follows: If only members are allowed to purchase tickets to this year's celebrity golf tournament, then what will be the equilibrium price?
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find the amount of income tax withheld from sun jung's monthly paycheck of $8,612.50 using the percentage method tables in exhibits 9-1 and 9-2 from your text. sun jung is single and claims 2 withholding allowances.
The total amount of tax allowance will be $ 1619.33
Explain the method step by step.
An income tax is a tax imposed on individuals or entities in respect of the income or profits earned by them.
Monthly paycheck = $8612.50
Allowance amount = $650
Taxable income = 8612.50 - 6590
= 7962.50
Tax = $ 1490.95 plus 28 % of above 7504
= 1490.95 + 28/100 x ( 7962.50 - 7504 )
= 1490.95 + 128.38
= $ 1619.33
Hence, the taxable amount would be $ 1619.33
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What is the promotional objective of the introduction stage of the product life cycle?.
The first stage of a product's life cycle is the introduction stage because the product is new to the market, the promotional goal is to educate consumers in order to raise their level of awareness.
What is the product life cycle?A product's life cycle is divided into four stages: introduction, growth, and decline and maturity. Many items are still in their early stages of maturity. The product life cycle is crucial in marketing because it helps define and select product-specific tactics.
However, in every product's life cycle, the product eventually fades from the market.
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lee is considering a simple process for immediate orders. when processing an immediate order, a phone clerk writes the order on a paper form. which of the following might be a reason not to automate this process?
When considering a simple automated process for immediate orders, Lee decides to keep the process of receiving order, where a phone clerk writes the order on a paper form because of several reasons, such:
The process is need constant human oversight and involvementSome of the order information might be too complex to be automatedNo structured order form is availableWill not yield a profitable returnThe process is yet to reach a maturityProcess automation or automated process allows a company to utilize technology to automate complex business process and minimize human errors. Process automation could increase the production efficiency and reduce costs.
However, process automation might not be working for some processes if:
Need constant human intervention Are to complex to be automatedDeal with unstructured dataWill not yield a profitable ROIAre yet to reach maturityWe will discuss these factors mentioned above with the case point of view.
In Lee's case, we could assume that the order receiving process by a phone clerk is part of customer services. We could expect that the phone clerk will have some conversation to maintain the customer relationship.
We also could assume that some of order informations might be too vary and complex to be transformed into a simple form for automation process.
Lee's company might also have not prepared or construct a structured form for the ordering process. Another possibility is the product offered by Lee's company is a customized product where customer's preferrences are in need and vary.
Another possibility is the order receiving process will spend more cost than the profit it produces if the process automation is pursue. This condition will make the ROI will not be achieved and no profits will be generated from this activity.
Lastly, it is possible that Lee is actually considering to maturing the order receiving process. Hence, he decides to keep the current process until the process mature and be possible to be automated.
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Which of the following is an example of an ethical lapse?
Informing a new employer about your previous (competing) employer's major clients
Providing incorrect data in a report, even though you did not know it was incorrect at the time
Telling your supervisor that another employee is stealing office supplies
Putting unsigned suggestions in the company suggestion box
-
An example of internal communication would be _______.
a fax from a magazine to an advertiser quoting new ad rates
an email message from a manager to a supplier requesting updated prices on parts
an email message from a sales manager to a salesperson asking for a report on travel expenses for a trade show
a phone call from a manager to a computer repair firm checking on the status of a printer being repaired
-
If a company's formal communication network contains many levels of hierarchy _______.
upward communication tends to be more effective, but downward does not
downward communication tends to be more effective, but upward does not
upward and downward communication tend to be less effective
communication tends to be more effective
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Some executives are wary of informal communication channels, primarily because these executives _______.
fear a loss of their control over the flow of information
believe only formal channels are efficient
don't really understand how informal channels work
object to casual conversations on company time
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An example of horizontal communication would be _______.
a junior staff person giving information to a staff supervisor
an email message about sick leave sent from one department secretary to a secretary in a different department
a company briefing held on the organization's ground floor
all of the above
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To help establish clear guidelines for ethical behavior, many companies provide a written _______.
ethical dilemma
ethical audit
code of ethics
ethical lapse
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An example of external communication would be _______.
talking on a cell phone to a colleague
a memo from a manager at headquarters to a manager at a store in another state
a teleconference among company sales representatives in several locations
an email from a salesperson to a customer
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In the first step of the communication process, the sender _______.
chooses a communication channel
has an idea
decides what to say
chooses a communication medium
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Distorting the parts of a received message that do not fit your plan is called _______.
selective perception
stereotyping
misreading
discrimination
Reporting to a new employer about the major customers of your previous employer (competitor) Providing incorrect data in a report, even though you did not know that Company employees are responsible for complying with this Code. .
If you suspect your finance colleague might be falsifying numbers, your boss isn't telling your manager the truth about an important project. A "conflict of interest" exists when a person's private interest interferes in any way with the interests of the company. A conflict situation may arise when an employee takes actions or has interests that may make it difficult to perform their work for the Company objectively and effectively. Conflicts of interest also arise when an employee or a member of their family receives improper personal benefits (including personal loans, services, or payments for services the person is performing in the course of the Company's business) as a result of their position in the Company or gain personal enrichment through access to confidential information. Conflicts of interest can arise in many common situations, despite the best efforts to avoid them. Employees are encouraged to seek clarification and discuss questions about potential conflicts of interest with someone in the Company's Legal Department. Any employee who becomes aware of a conflict or potential conflict should report it to a supervisor, manager or other appropriate persons within the Company. The Company strives to provide each employee with a safe and healthy work environment. Each employee has a responsibility to ensure that our operations and products meet applicable Company or government standards, whichever is more stringent. All employees are required to be aware of environmental and safety issues and to be familiar with environmental, health and safety laws and Company policies applicable to their area of business. Because these laws are complex and subject to frequent change, you should seek the advice of someone in the Company's Legal Department whenever you have any questions about the legality of any action or inaction. Threats or acts of violence and physical intimidation are not allowed. The use of illegal drugs in the workplace will not be tolerated.
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