Is it legal is the most basic question in an ethics based management system.
What three categories exist for management ethics?Managerial ethics are moral principles or standards of behaviour that managers of organisations employ to conduct their operations. According to Archi B. Carroll, managers fall into one of three categories based on their moral or ethical judgement: immoral management, amoral management, or moral management. A little more specifically, ethical management requires individuals who are in charge of a certain department or the entire organisation to put good deeds into action. These strategies must support not only the employees of the company but also the organisation as a whole. Two coworkers who follow different religions argue about their ideologies.
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Click this link to view O*NET’s Work Contexts section for Lawyers. It describes the physical and social elements common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Lawyers? Check all that apply
According to O*NET, some common work contexts for Lawyers are
Provide clients with counsel and representation in legal proceedings and before public authorities.maintain open lines of communication with their clients, coworkers, judges, and other case participants.What are Lawyers?Lawyers are referred to as individuals who possess a career in law and have education and expertise in various domains of legislation and helps their client to deal with legal issues. They are also called Advocates.
In court and in private legal complications, they offer advice and help them escape. In order to design a case argument, they interact with their clients, coworkers, and other parties engaged in the case. They also conduct research on legal issues and analyze them.
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Answer:
importance of being exact or accurate
telephone
indoors, environmentally controlled
letters and memos
____is a key activity of operations managers that involves ensuring that the right amount of resources is available when needed
Planning is a key activity of operations managers that involves ensuring that the right amount of resources is available when needed.
Planning activity includes determining the necessary resources, such as labor, materials, and equipment, and scheduling their use in order to meet production goals and deadlines. Planning also involves forecasting demand and ensuring that the organization has the capacity to meet that demand. By carefully planning and managing resources, operations managers can help ensure that the organization operates efficiently and effectively.
Planning can help a manager to establish his team's direction, removes and anticipates risks, and improve efficiency. Planning might come in 4 types:
Operational planningContingency planningStrategic planningTactical planningOperational planning refers to planning of day-to-day activities. This kind of planning requires an extreme because detailed identification about what, who, when, where, and why of all parties involved in an operation process must be clearly stated.
Contingency planning is used for unexpected situations when changes cannot be foreseen. Contingency planning consists of "what if" scenarios. Contingency planning is important because it might be the savior of a company when unexpected situation occurs.
Strategic planning is a high-level planning with aim to achieve big goals in the long term. Strategic planning include setting the business' vision and mission, also establishing KPIs.
Tactical planning refers to task prioritization with aim to achieve short-term goals.
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stakeholder engagement is best described as a multiple choice program. relationship. process. systems model.
Stakeholder engagement is best described as a relationship. Thus, option 'A' is the correct option.
What is stakeholder engagement?The systematic identification, analysis, planning, and execution of actions aimed at influencing stakeholders is known as stakeholder engagement. The requirements of important groups are identified via a stakeholder engagement strategy, and the sponsor is crucial in ensuring that these business demands are addressed.
Stakeholder involvement is: Ethically and methodically gathering competitive intelligence. The gathering of data obtained from studying various surroundings. The constant process of developing relationships with stakeholders by a firm. Consistently conveying firm activities to stakeholders is a critical engagement tactic.
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you begin by reminding the leadership team of the management functions that are necessary for domestic and international businesses. categorize the management function indicated by each question. plan organize lead control will we need to enforce close supervision in foreign locations? how much authority and span of control should we give our local managers in each country facility? what are our foreign competitors doing in each market? what will most motivate employees of different cultural backgrounds?
"Will we have to impose strict surveillance in foreign locations" - Control "How much power and control should we delegate to our local managers in each national facility.
Arrange for a discussion on "What are our foreign rivals doing in each market" - Make a plan for "What will most encourage personnel from diverse cultural backgrounds?" - Lead The first question concerning imposing tight supervision in foreign places is about management's control role. The second question, regarding the power and scope of control for local managers in various national facilities, is about management's organizing role. The final question concerning foreign rivals in each market is about management's planning role. The fourth question for encouraging employees from diverse cultural backgrounds is concerning management's leadership function.
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One of your regular customers calls to complain that her take-out order was incorrect and she was double charged for an item she didn't receive. What should you do?
Apologize and tell her you hope she'll order again.
Apologize and offer her a coupon for 50% off her next order.
Find out who messed up the order and make them pay for it."
As a business, it is important to handle customer complaints in a professional and courteous manner. In this situation, the best course of action would be to apologize and offer the customer a coupon for 50% off her next order.
This will help to rectify the situation and show the customer that you value their business and are willing to make things right. It is not appropriate to find out who messed up the order and make them pay for it, as this does not address the customer's concerns and could potentially create a hostile work environment. Remember, regular customers are valuable to a business and it is important to maintain a positive relationship with them.
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abc inc. is planning to sell its surplus equipment. this transaction should most likely be classified as:
The sale of surplus equipment by ABC Inc. would most likely be classified as a non-operating or an "other income" transaction in the company's financial statements.
What is a non-operating income?Non-operating income is income earned by a company that is not directly related to its core business operations. In this case, the sale of surplus equipment is not part of ABC Inc.'s core business activities and is therefore considered non-operating income. Other examples of non-operating income include gains on the sale of investments, rental income, and interest income.
Alternatively, the sale of surplus equipment could also be classified as an "other income" transaction, which is a catch-all category for income that is not related to the company's core business operations or investment activities.
Regardless of how it is classified, the income generated from the sale of surplus equipment would be reported on the company's income statement as a separate line item, typically under "non-operating income" or "other income."
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prior to recording adjusting entries, the office supplies account had a $359 debit balance. a physical count of the supplies showed $105 of unused supplies available. the required adjusting entry is
There are many meanings associated with the term "debit balance" in relation to debit balance accounting, bank accounts, lending, and investment. This is a list of them.
When the left side of the account has a positive amount, the balance is said to be on the debit side. Accounts that often have a debit balance include assets, expenses, and losses. Some debit balanceof these accounts include cash, accounts receivable, prepaid expenses, fixed assets (asset) account, wages (expense), and loss on sale of assets (loss) account. Examples of contra accounts with typical debit balances are the contra obligation, contra equity, and contra revenue accounts. One of these accounts is represented by the treasury stock (counter equity) account.
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inally, suppose the government were to give ryan a voucher for s packs of timbits instead of the lump-sum subsidy. (with the voucher, the first s packs cost him nothing.) under what conditions would ryan be strictly better-off with the lump-sum subsidy of $(3s) rather than the voucher?
Ryan would be better off with the lump-sum subsidy if he would have bought more than s/2 additional packs of timbits with the subsidy, compared to what he could buy with the voucher.
If the government were to give Ryan a voucher for s packs of timbits instead of the lump-sum subsidy, then the value of the voucher would be equal to the cost of s packs of timbits, denoted as V(s). When Ryan has the voucher, the first s packs cost him nothing, so he would buy s packs of timbits. However, if he wants to buy more than s packs of timbits, he would have to pay the full price for each additional pack.
Ryan would be strictly better off with the lump-sum subsidy of $(3s) rather than the voucher if he would have purchased more than s packs of timbits with the subsidy, but cannot purchase as many packs with the voucher due to the additional cost beyond the first s packs. Mathematically, if Ryan would have purchased k packs of timbits with the lump-sum subsidy, where k > s, then the subsidy would have provided him with a benefit of $(3k), while the voucher only provides him with a benefit of V(s) + $(3(s-k)). Hence, Ryan would be strictly better off with the subsidy if:
$(3k) > V(s) + $(3(s-k))
2k > s + V(s)/3
In other words, Ryan would be better off with the lump-sum subsidy if he would have bought more than s/2 additional packs of timbits with the subsidy, compared to what he could buy with the voucher.
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The core competencies of a business are generated by the interaction of:________
The core competencies of a business are generated by the interaction of resources and capabilities.
What are a business's fundamental competencies?The distinctive goods, services, abilities, and skills that offer a company an edge over rivals are referred to as core competencies. In other words, a company's core capabilities are advantages over rivals that they cannot realistically match or offer.
What does marketing's core competency entail?Core competencies are the assets, goods, abilities, and skills that provide a company an edge over its rivals. A core competency is usually something that is challenging to imitate, such as a distinctive product or a distinctive brand voice.
Core competency analysis: what is it?The process of determining a company's essential strengths and characteristics that set it apart from its rivals, as well as how to leverage these core competencies to create lasting competitive advantage, is known as core competency analysis.
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cadence drives into domestic auto service and asks to have a tire replaced on her car. domestic replaces the tire. before cadence pays for it, any contract between them is
before cadence pays for it, any contract between them is - Executory
so the option B is correct.
An implied contract is a contract that is created based on the conduct of the parties, rather than being expressed in writing or verbally. In this case, Cadence's request for a tire replacement and Domestic's provision of the service implies an agreement between them that Cadence will pay for the service provided. This is because it is customary to pay for services rendered, and it is reasonable for Domestic to expect to be paid for the tire replacement.
Therefore, when Domestic replaces the tire, an implied contract is created, and Cadence is obligated to pay for the service. If Cadence refuses to pay, Domestic may have legal recourse to collect payment, as there is an implied agreement that payment will be made for the services rendered
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complete question:
Cadence drives into Domestic Auto Service and asks to have a tire replaced on her car. Domestic replaces the tire. Before Cadence pays for it, any contract between them is
executed.
executory.
void.
unenforceable.
0.5 points printitem 20 at the beginning of the year, johnson supply has inventory of $5,200. during the year, the company purchases an additional $20,000 of inventory. an inventory count at the end of the year reveals remaining inventory of $3,000. what amount will bennett report for cost of goods sold?
Bennett reports the cost of goods sold as $22200. In times of economic process, LIFO (especially LIFO in a periodic system) produces an all-time low-ending inventory price.
The greatest beneficial thing about LIFO might be a benefit. Over the course of seasons of expansion, LIFO prompts a superior cost of items sold-out and a lower equilibrium of residual stock.
COGS= Opening Inventory+ Buys Shutting Stock
=$5200+ $20000-$3000
=$22200
Your inventory price may likewise increment assuming the accessibility of your item inside the market diminishes, while the request remains nearly consistent. Products region unit one model; on the off chance that you have estimated a stockroom loaded with intermittent and weather conditions ruins a periodic yield, the value of your stock can increment with the market esteem.
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as discussed in law of one price, we know that two same commodities must sell at same price. why is it? what would happen if two same commodities have different prices?
This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage.
According to the Law of One Price, in an efficient market, identical goods must have the same price. This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage, where individuals could buy the commodity at the lower price and sell it at the higher price, earning a profit in the process.
For example, if a can of soda is selling for $1 at one store and $1.50 at another store, individuals could buy the soda at the first store for $1 and sell it at the second store for $1.50, earning a profit of $0.50 per can. This process would continue until the prices of the soda cans at both stores were the same.
If two identical commodities have different prices, it would lead to arbitrage opportunities, and individuals would buy the commodity at the lower price and sell it at the higher price, eventually driving the prices of the commodity to be the same. This would lead to an efficient market where identical goods have the same price.
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what is the npv of the offer if the apporpriate discount rate is 12 percent wha is the npv of the offer if the appropraite discount rate is 22 percent
The NPV of an offer is influenced by the cash flows involved when those cash flows will occur, and the appropriate discount rate that will be applied to reduce those cash flows to their present value. The NPV at a discount rate of 12% or 22% cannot be calculated without this information.
A financial metric known as net present value is used to assess the present value of future cash flows after taking the time value of money into the account (NPV). In a nutshell, it assesses the present value of anticipated cash inflows and outflows from an investment, project, or business opportunity. The initial cost of the investment is subtracted before future cash flows are discounted back to their present value to determine the NPV.
We would need to be aware of the anticipated cash flows from the opportunity or investment, their timing, and the proper discount rate that takes the risk of the investment into account in order to compute the NPV of an offer. We cannot determine the NPV in this scenario using a discount rate of 12% or 22% since we lack any knowledge about the cash flows, timing, or risk.
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why do resources have to be allocated in an economy?
Resources have to be allocated in an economy because resources are limited and can only be used to produce a finite amount of goods and services.
Why are resources allocated in an economy ?The allocation of resources involves deciding how much of each resource, such as labor, capital, and natural resources, should be used to produce different goods and services. These decisions are influenced by a variety of factors, including consumer demand, production costs, and government policies.
Overall, the allocation of resources is a critical aspect of any economy, as it determines how goods and services are produced and distributed and can have significant impacts on the well-being of individuals and society as a whole.
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milton corporation has 10 percent coupon bonds making annual payments with a ytm of 9.2 percent. the current yield on these bonds is 9.55 percent. how many years do these bonds have left until they mature?
The bonds have approximately 12 years left until they mature.
To solve this problem, we can use the formula for current yield, which is:
Current yield = Annual coupon payment / Current market price
We know that the current yield is 9.55%, and we can find the annual coupon payment by multiplying the face value of the bond (which is typically $1,000) by the coupon rate of 10%, so:
Annual coupon payment = 0.1 x $1,000 = $100
Let's assume the current market price of the bond is P, and let's use n to represent the number of years until the bond matures. We can set up the following equation using the yield to maturity (YTM) formula:
P = $100 / (1 + 0.092)^1 + $100 / (1 + 0.092)^2 + ... + $100 / (1 + 0.092)^n + $1,000 / (1 + 0.092)^n
Simplifying this equation, we get:
P = $100 x [1 - 1 / (1 + 0.092)^n] / 0.092 + $1,000 / (1 + 0.092)^n
Now we can use the current yield formula to find P:
9.55% = $100 / P
Solving for P, we get:
P = $100 / 0.0955 = $1,046.58
Substituting this value for P in the original equation, we can solve for n:
$1,046.58 = $100 x [1 - 1 / (1 + 0.092)^n] / 0.092 + $1,000 / (1 + 0.092)^n
This equation is difficult to solve algebraically, but we can use a trial-and-error method to approximate the value of n. Trying different values of n, we can find that the equation is satisfied when n is approximately 12.
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in footnotes to the financial statements, companies disclose future commitments such as for leases and purchase commitments. how is this information useful to investors? this information is not useful to investors; it only helps potential future lenders to the company it allows investors to re-create a cash flow statement as if these amounts had been paid in the current period it helps them understand the amount of future operating expenses that are committed it allows investors to re-state the balance sheet in their financial models
Companies reveal future commitments through footnotes to the financial statements, which relate to additional information a firm includes about its finances while filing a financial statement.
In order to fully disclose information, it must be presented in a way that is pertinent to the readers of the financial statements. The notes (footnotes) to the financial accounts frequently do this.
When a firm files a financial statement, it may also include additional information about its financial situation in footnotes to the financial statements. The data and accounts in the financial statements of the company are explained in the footnotes, which are also known as supplemental notes.
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all else equal, compared to small-budget items such as paper towels, the price elasticity of demand for big-ticket items such as refrigerators is
All else equal, compared to small-budget items such as paper towels, the price elasticity of demand for big-ticket items such as refrigerators is higher.
What is demand?The word demand is defined as the desire of a consumer to buy products as well as services. As in the demand, the consumers immediately pay the prices associated with them. As demand is also defined as the number of things the consumers are prepared for it.
The elasticity of demand is referred to as there are certain demands are there which change in an economic factor in it. As when we see the price is considered the most common economic factor.
Therefore, The right option (A) is correct.
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The correct option is as follows.
higher
lower
very low
equal
businesses that have a central management that determines policies, advertising, and pricing for all stores is called__A. RetailerB. WholesalerC. Chain StoresD. Service Business
Businesses that have a central management that determines policies, advertising, and pricing for all stores is called retailer. Typically, retailers don't produce their own goods. The answer is OPTION A.
They buy products from a manufacturer or a wholesaler and then sell them in small quantities to customers. Wholesalers are people who buy products in large quantities from manufacturers with the intention of reselling them for a profit.
Retailers are people who make purchases from wholesalers and sell goods to consumers in smaller quantities. A retailer buys in bulk from wholesalers and sells the products in small quantities to customers. A retailer products essentially keeps a variety of goods in stock. A retailer's goal is to maximise customer satisfaction by going above and beyond their expectations and providing exceptional services.
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When deciding whether to buy a second car, the economic way of thinking indicates that the purchaser should cmpare: ________
The economic way of thinking indicates that the purchaser should compare the additional benefits of the second car with the additional cost of the second car.
The incremental cost is the total cost incurred as a result of manufacturing one additional unit of a good. By looking at the extra expenses spent during the production process, such as raw materials, the cost of an incremental unit of production can be determined. Businesses that understand incremental costs better are able to boost production efficiency and profitability. The additional cost incurred if a business produces one more unit of a product is known as its incremental cost. The extra cost comprises of necessary expenses that only change as a result of the decision to produce more units.
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the balance sheet for jim's hardware has the following items listed. current liabilities, $25,345; long-term debt, $100,000; total liabilities, $125,345; total assets, $325,490. what is the owner's equity for this company?
200145 is the owner's equity for this company .
What does owner's equity mean?
Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that would remain with a company's shareholders after all of its assets have been sold and all of its debt has been settled in the event of a liquidation.
The amount of a company's value that can be claimed by its shareholders is shown on the balance sheet.
Owner's Equity= $200145
Workings
Owner's Equity= Total Asset - Total Liabilities
= 325490 - 125345
= 200145
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which type of process map should be used to track the movement of a customer's complaint from one department to the next until it is resolved?
The type of process map that should be used to track the movement of a customer's complaint from one department to the next until it is resolved is a cross-functional process map.
A cross-functional process map, also known as a swim lane diagram, is a type of process map that shows how a process flows across different functional areas or departments within an organization. It is an effective tool for tracking and visualizing the flow of activities, decisions, and handoffs between different departments or teams that are involved in a particular process. In the case of a customer complaint, a cross-functional process map can be used to show the flow of the development complaint from the point of contact with the customer to the point of resolution. The map can include different departments or functions such as customer service, technical support, quality assurance, and management, with each department represented by a separate lane.
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debra notes that theo chocolate has started holding its own operations to the same imo standards of fair trade to which it holds its suppliers. this type of behavior encourages more ethical decision-making by
This type of ethical leadership sends a powerful message to employees and/or customers.
Ethical leadership is leadership based on ethical beliefs and values and respect for the dignity and rights of others. It is therefore associated with terms such as trust, honesty, consideration, charisma and fairness.
Ethics deals with the types of values and morals that an individual or society deems desirable or appropriate. Furthermore, ethics deals with the virtues of individuals and their motives.
Leadership decisions are also influenced by moral development. According to social learning theory, ethical leaders act as role models for their followers.
Behaviors such as following ethical practices and making ethical decisions are observed and consistently adhered to.
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Complete question:
Debra notes that Theo Chocolate has started holding its own operations to the same IMO standards of fair trade to which it holds its suppliers. This type of ________ sends a powerful message to employees and customers.
for a step-down autotransformer application, the source is applied ? , which acts as the primary.
In a step-down autotransformer application, the source is applied to the larger winding, which acts as the primary.
Autotransformers are generally used in power applications to interconnect systems operating at different voltage classes. Step-down autotransformers are used to efficiently decrease the voltage. In a step-down autotransformer application, the source is applied to the larger winding, which acts as the primary source.
This means that the voltage is reduced from the primary to the secondary, resulting in a lower output voltage. The secondary winding, which has fewer turns, is connected in series with the primary winding, and the output voltage is taken from the secondary winding. This type of autotransformer is commonly used in applications where a lower voltage is required, such as in power distribution systems.
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when too few products are available to satisfy market demand, a condition known as ______ exists.
Answer:
When too few products are available to satisfy market demand, a condition known as scarcity exists.
Explanation:
Scarcity is a fundamental economic problem and occurs when there is limited availability of a good, service, or resource. When scarcity exists, it means that people must make choices about how to allocate and use their resources in order to satisfy their needs and wants.
In the economy, when too few products are available to satisfy market demand, a condition known as scarcity exists.
The scarcity occurs when there are not enough products to meet the wants and needs of consumers. As a result, prices may increase and consumers may have to make choices about which products they can afford to purchase.
The State and economic institutions must create strategies to prevent shortages from appearing in a market, as this economic phenomenon has many negative consequences on people's lifestyles.
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maxnutri inc. sells cookies and nutrition bars. the marketers at maxnutri are trying to come up with new and attractive packaging designs for its cookies. in this scenario, maxnutri is working on its . a. purchase strategy b. distribution strategy c. advertising strategy d. product strategy
The correct option is D. the marketers at maxnutri are trying to come up with new and attractive packaging designs for its cookies. in this scenario, maxnutri is working on its product strategy.
A market is any region in which or greater occasions can meet to interact in a monetary transaction—even the ones that do not involve legal gentleness. A market transaction might also moreover comprise goods, services, statistics, foreign money, or any aggregate of those that bypass from one birthday celebration to another.
In elegant, the function of a marketplace is to collect products from scattered resources and channel them to scattered stores. From the factor of view of the seller, dealers channel the call for their product; from the thing of view of the consumer, they bring elements within his obtain. A marketplace is an area wherein buyers and sellers can meet to facilitate the change or transaction of products and services. other examples encompass illegal markets, public sale markets, and economic markets.
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block grants are designed to group of answer choices impose strict limits on how state governments can spend money from the federal government. fund capital improvements in schools. fund urban improvements on specific city blocks. give the states more control in how they spend federal funds.
Block grants are distributed but with fewer restrictions on how the funds are spent compared to other types of federal funding. This allows states to have more flexibility in designing and implementing programs that address their unique needs and priorities.
Block grants are federal funds distributed to state and local governments for specific policy areas such as health care, education, or social services. Block grants, unlike other types of federal funding, give states more leeway in how they spend the money. While there may be some general guidelines for how block grant funds can be used, states typically have more control over the design and implementation of block grant programmes. This enables states to tailor programmes to their specific needs and priorities, rather than having to adhere to a one-size-fits-all approach imposed by the federal government.
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if a business shares fees with another business and pays part of a primary fee to the other business, is that revenue?
Revenue unless a business splits fees with the other business & pays the other firm a portion of a major fee.
How much money does a company make?The total amount of cash your business makes from operations in a year, excluding any deductions on returns, the price of the things you sold, and expenses Most small firms operate on a cash basis, in which case annual revenue is recorded in the year it is received.
Is revenue the same as sales?According to the definition, revenue is the overall sum of money obtained through conducting commercial activities like sales. Sales is another name for it on the income statement.
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Whether carried out by an individual or a country, production beyond the production possibilities frontier A. is not physically possible. B. is possible only through trade. C. can occur by acquiring more productive resources, D. happens as a result of forced saving.
Option A. Production beyond the production possibilities frontier (PPF) is not physically possible.
The PPF represents the maximum possible output of two goods that an economy can produce using its available resources and technology. Any point inside the PPF is inefficient because resources are not being used to their full potential. Any point outside the PPF is not attainable given the current level of resources and technology.
Therefore, it is not possible to produce beyond the PPF by any means, whether carried out by an individual or a country. It cannot be achieved through trade, acquiring more productive resources, or forced saving. In order to increase production beyond the PPF, an economy must either acquire additional resources or develop new technology that allows for more efficient use of existing resources.
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in this week's guest video, jill silverboard shares a story of how the city of clearwater responded to the 2008 financial crisis by shifting the city's support functions to what organizational form?
An organizational is a business, institution, or group of people with a single, overarching objective (Commonwealth English; see spelling variations).
The term is derived from the Greek word organon, which is often used to describe a variety of equipment and instruments as well as an organ.There are many different types of legal entities, including corporations, governments, non-governmental organisations, political parties, international organizational , armed forces, nonprofit organisations, for-profit companies, partnerships, cooperatives, and educational institutions, to name a few.A hybrid organisation is one that concurrently generates commercial market activity in the public and private sectors while carrying out public duties.A voluntary association is a group that is run entirely by volunteers. Certain organisations may be allowed to exist without following formal legal rules depending on the jurisdiction.
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demand is elastic when a given change in price causes a relatively smaller change in quantity demanded. True/False
If a change in price results in an equivalent change in the quantity desired, then the demand is unit elastic.
When a change in price results in a less significant change in the quantity sought, which demand is present?When the amount desired changes little as a result of a price adjustment, this is referred to as an inelastic demand. The demand is elastic if the formula produces an absolute value that is greater than 1. Thus, changes in quantity occur more quickly than those in price.
Does a shift in an item's relative pricing explain the change in quantity demanded?Movement along a demand curve is used to depict changes in quantity demanded. The term "elasticity of demand" refers to the degree to which quantity sought shifts in response to a change in price.
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