The signals that guide the allocation of resources in a market economy are prices.
What is a market economy?An economic system in which two forces known as supply and demand work together and affect the entire market. It is important to mention that the production of services and goods is dependent entirely on supply and demand.
The market price in a market economy steers or guides resource allocation. Consumers pay more prices for the products that the consumer consider valuable to them. This allows the producers to use more resources in the production of such high-priced products. Hence, a demand and supply chain is created through the price.
It can be concluded that the signals that guide the allocation of resources in a market economy are prices.
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to determine the adjusting entries required, a(n) ______ is prepared.
Unadjusted trial balance is prepared to determine the adjusting entries required.
The general ledger account balances at the conclusion of a reporting period are listed in the unadjusted trial balance, which is done before any adjusting entries are made to the balances to produce financial statements.
Add the balances in the debit and credit columns individually to complete the unadjusted trial balance. On the last line of the table, in the relevant column, write each corresponding total.
The sum of the credit column and the total of the debit column in the unadjusted trial balance must match. If they don't agree, either the journal entries were not accurately transferred to the ledger accounts or the trial balance was not properly produced.
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Which of the following does not represent a primary motivation for business combinations?
a. Cost savings can be achieved through elimination of duplicate facilities and staff.
b. Synergies may be available through quick entry for new and existing products into markets.
c. Combinations are often a vehicle to accelerate growth and competitiveness.
d. Larger firms are less likely to fail.
The right option is d. Larger firms are less likely to fail.
The required details about primary motivation is mentioned in below paragraph.
Our conduct can be described and analyzed by our rigid devotion to this core motivator, which is that underlying value, belief, or perspective that most of our activities true back to.
basic and secondary motives explained
in terms of drive. Secondary, or learnt, motives, which can vary from animal to animal and person to person, can be distinguished from primary, or basic, motives, which are unlearned and similar to both people and animals.
Why are primary goals significant
Primary reasons are essential for survival. Prior to beginning any other task, they must be satisfied. When the body's physiological balance is off, primary motivations kick in. Homeostasis is the term for this balance.
Thus, d. Larger firms are less likely to fail.is the correct option
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if there is a shortage of 50 units at a price of $3 per unit, the shortage will be less than 50 units at a price of $2 per unit. if there is a shortag
A shortage of 100 units at a cost of $2 per unit is greater than a shortage of 100 units at a price of $1 per unit. The preceding statement is false.
What is shortage?
A shortage occurs in economic terms when the price doesn't really rise to reach equilibrium for some reason (including such government intervention or seller decisions not to raise prices). In this case, buyers want to buy more at the market price than the available quantity of the good or service, and some non-price method (such as "first come, first continued to serve" or a lottery) determines which buyers are delivered. The only thing that can end up causing a shortage in a perfect market is price. In common parlance, a "shortage" refers to a situation in which most people are not able to discover a desired good at such an affordable price, particularly when supply issues have raised the cost.
A surplus occurs when there is a excess of a commodity's production or supply. Here, because the price is falling, that is, from 100 units at the a price of S2 per unit to 100 units at the a price of $1, it will increase demand for this good (at a lower price, the product's demand will increase) and thus surplus will be less as more quantity will be sold.
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a lead strategy involves delaying collection of foreign currency receivables if that currency is expected to appreciate and delaying payables if the currency is expected to depreciate. true or false
False, When a foreign currency is predicted to depreciate or appreciate, a lead strategy entails delaying the collection of receivables in that currency and delaying payables in the opposite case.
What is foreign currency?
The exchange of one currency for another is known as foreign currency, or forex. A nation's currency is valued in a free economy in accordance with supply and demand. In other words, the value of a currency may be linked to the currency of another nation, such as the dollar, or to a collection of currencies. The government of a nation may also determine the value of its currency. However, many nations freely exchange their currencies with those of other nations, which causes ongoing volatility. Free markets based on trade, investment, tourism, and geopolitical risk decide the value of any given currency. For instance, whenever a tourist travels to a new nation, they have to use the local currency to make purchases.
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Which of the following statements are true about the classical perspective of management?
a. The earliest focus of the classical perspective was not on higher efficiency and profit.
b. The earliest focus of the classical perspective was on the humanity of production.
c. The earliest focus of the classical perspective did not make people simply a tool of production.
d. The earliest focus of the classical perspective was on the things of production
The statements that are true about the classical perspective of management includes:
earliest focus of classical perspective was not on higher efficiency and profit.earliest focus of classical perspective did not make people simply a tool of production.What is known as management?At a basic level, a management refers to the administration of an organization whether as a business, non-profit organization or a government body. It could also be seen as an art and science of managing resources of the business.
The classical theory of management holds that employees are strongly motivated by their physical needs and monetary incentives. When an organizations implement this style, they often incorporate regular opportunities for employees to be rewarded for their productivity with incentives. Therefore, the Option A & C is correct.
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If more states legalize recreational marijuana, what is the likely effect on the supply of marijuana?.
It would increase as the risk of prosecution falls.
Since it is now legal to grow marijuana in many places, more businesses will want to do so without worrying about facing legal repercussions. As a result, supply will rise.
What is Marijuana?
Marijuana, also known as weed, herb, pot, grass, bud, ganja, Mary Jane, and many more colloquial names for dried Cannabis sativa flowers, is a greenish-gray combination. Some people choose to consume their marijuana in joints, pipes, water pipes (also known as bongs), or blunts (marijuana rolled in cigar wraps).
Additionally, marijuana may be used to make tea, and it's regularly combined with sweets like brownies, cookies, or candies, especially when it's marketed or used as medicine. Additionally, the usage of vaporizers to ingest marijuana is growing. Stronger varieties of marijuana include sinsemilla (from particularly managed female plants) and concentrated resins with high concentrations of the drug's active components, such as waxy budder, hard amber-like shatter, and hash oil that resembles honey.
These resins are becoming more and more well-liked among those who use them for recreational and therapeutic purposes.
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What is true regarding the reporting of outside interests and the management of conflicts?
Researchers are required to disclose all substantial financial interests, including those unrelated to any specific research but also those relevant to their institutional responsibilities.
Management should obtain data that isn't in the financial statements if it is required by those who use them because it wouldn't typically be gathered for internal use.
The cost-benefit concept states that costs incurred must be justified by their benefits.
Financial statement issues shouldn't cost more than what the user will gain from them. We can recognize that financial information is never available for free thanks to this principle. Therefore, only is false in terms of the cost-benefit relationship.
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Darren is purchasing a car that costs $10,000. he is taking out a simple interest loan at an annual rate of 3%. if he makes monthly payments over a period of 6 years, how much is his monthly payment?
Based on the simple interest rate on the loan, and the cost of the car that Darren purchased, the monthly payment would be $163.89
How much is the monthly payment?Darren took a loan to buy a car that cost $10,000 so the loan was the same amount. The amount that Darren would owe after 6 years is:
= Loan amount + ( Loan amount x Simple interest annual rate x Number of years)
= 10,000 + ( 10,000 x 3% x 6)
= 10,000 + 1,800
= $11,800
The amount that Darren would pay as a monthly payment would be:
= Total loan amount / Number of months of loan
= 11,800 / (6 years x 12 months a year)
= 11,800 / 72 months
= $163.89
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true or false: larry can invest in another company that is selling class a stocks to the public, and class b shares will be retained by company insiders. this will help the founders maintain control in the company.
Larry can invest in a different business that is offering class A shares to the general public while keeping the class B shares for company insiders. This will assist the company's founders in maintaining control. Transferring a vote to a different person or group of people in publicly traded enterprises. Therefore the statement is TRUE.
Individual L can invest in a different business that will sell Class A shares to the general public while Class B shares are kept by company insiders, assisting the founders in keeping control of the business.
Common stock is divided into numerous categories in order to draw in different types of investors. In general, Class-A shares are preferable over Class-B shares, however, on occasion, Class-B shares with founders' retention may have higher voting power.
The owners/founders differentiate according to the stage of the company's life cycle and the industry in which they operate in order to keep more control. At the same time, investors favor Class-A shares more. Thus, founders would be able to raise more money by maintaining the same voting power in both forms of shares.
As a result, the assertion is true.
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COMPLETE QUESTION:
Larry Nelson holds 1,000 shares of General Electric (GE) common stock. As a stockholder, he has the right to be involved in the election of its directors, who are responsible for managing the company and achieving the company's objectives.
True or False: Larry can invest in another company that is selling class A stocks to the public, and class B shares will be retained by company insiders. This will help the founders maintain control of the company.
False
True
in january 2020, domingo, inc., acquired 20 percent of the outstanding common stock of martes, inc., for $856,000. this investment gave domingo the ability to exercise significant influence over martes, whose balance sheet on that date showed total assets of $4,634,000 with liabilities of $974,000. any excess of cost over book value of the investment was attributed to a patent having a remaining useful life of 10 years. in 2020, martes reported net income of $259,000. in 2021, martes reported net income of $302,250. dividends of $73,000 were declared in each of these two years. what is the equity method balance of domingo’s investment in martes, inc., at december 31, 2021?
As of December 31, 2021, Domino's investment in Martes, Inc. had a $914,250 equity method balance.
The equity method is what?A business uses the equity method as an accounting technique to record the profits made from its investment in another business. The investor company reports the revenue generated by the other company on its income statement using the equity method of accounting, in a proportional amount to the equity stake it holds in the other company.
Calculation:
Calculating Domingo's investment in Martes using the equity method balance is the question. on December 31, 2015, Inc.
Step 1: Determine the amortization of patents
Particulars Amount
Martes Inc Assets' Book Value $4,634,000
Subtract: Liabilities ($974,000)
Martes Inc Net Assets Book Value $3,660,000
20% Voting Stock Book Value $732,000
(20% of $3,660,000)
Subtract: Purchase cost of 20% ($856,000)
Excess of Cost over book value $124,000
Patent (the excess above) $124,000
Amortization of the patent in 10 years = $124,000/10 years = $12,400
Step 2: Calculate Domingo Inc.'s equity investment.
Particulars Amount
Cost of Investment $856,000
Income accrued 2017 (0.2 x $259,000) $51,800
Subtract: Declared dividend (0.2 x $73,000 ) ($14,600)
Income Accrued 2018 (0.2 x $302,250) $60,450
Subtract: Patent Amortization ($12,400)
Subtract: Dividend declared 2018 (0.2 x $73,000 ) ($14,600)
Subtract: Patent Amortization ($12,400)
Domingo Inc's Investment in Martes Inc $914,250
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Think back to a time when you really wanted to buy something and you couldn’t afford it. Did you ask a family member or a friend to help you pay for it? Why or why not?
No, Because I didn't obtain what I wanted, I'll feel both depressed and driven. If it is necessary, I will make every effort. And work to make it happen.
How do you know if you can afford something?Divide the cost of the item by the number of months it would be interest-free to determine whether you could afford to do that.
Thus, When you make a purchase, dopamine rushes through your body briefly. We feel in control or content because of it. She does not find it surprising that during the pandemic, individuals are spending more on discretionary items.
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What are the differences between an e-commerce store and a traditional business?
The main difference between an e-commerce store and a traditional business is that an e-commerce store provides online shopping whereas a traditional business trade face to-face with people.
What are e-commerce store and a traditional business?E-Commerce is a form of online shopping where users can buy goods and services from the internet with the help of a laptop, mobile, tablet, etc. Traditional-Commerce is defined as buying goods and services by hand which involves face to face dealing with people. E-Commerce is used to save valuable time as well as money. Traditional Commerce is a type of trade that focuses on the exchange of goods and services. E-commerce means doing transactions or exchange of data online with the help of the internet.
So we can conclude that an e-commerce store refers to online shopping whereas traditional business is face to face dealing with people.
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explain your understanding of what an accrued expense is by selecting the statements below which are correct. (check all that apply.)
Expenses and payables are two important items recorded on the balance sheet of a company. The key difference between accrued expenses and accounts payable is that while accrued expenses are expenses that are recognized in the accounting books for the period in which they are incurred whether payment is cash or not, payables are payments to creditors who have sold goods to a company on credit.
Accrued expenses are accounting costs that are recognized on the books before they are paid. These costs are usually periodic in nature and will be recorded as a current liability on the balance sheet. Expenses to be paid must be recorded to conform to the concept of accrual accounting. According to the accrual concept, income and expenses must be recorded in the period in which they are incurred, regardless of whether cash is paid or not.
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Assigning jobs to workers and giving authority to certain people is a managing activity called
Answer: Organizing
Explanation:
what is an advantage of using phone conversations as a communication channel?
Using phone conversations as a communication channel better for building relationships than more recent technologies such as email.
In the context of telecommunications and computer networking, the term "communication channel" can refer to both a logical link across a multiplexed media, such as a radio channel, and a physical transmission medium, such as a wire. When sending or receiving data from one or more senders to one or more receivers, such as a digital bit stream, a channel is utilized. A channel has a particular capacity for information transmission, which is frequently expressed in terms of its bandwidth in Hz or data rate in bits per second.
It takes some kind of channel or medium to transmit an information signal across a distance. These are known as communication channels, and they utilize both transmission lines (such as twisted-pair, coaxial, and fiber-optic cable) and broadcast medium (e.g. microwave, satellite, radio, and infrared).
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when might it be better a firm with an 85% market share in an industry rather than a less concentrated industry?
Might it be better a firm with an 85% market share in an industry rather than a less concentrated industry The extra especially focused a marketplace is, the much less aggressive it's miles.
A market share with low attention isn't ruled with the aid of using any huge gamers and is taken into consideration aggressive. Markets with extraordinarily low concentrations are stated to be fragmented.
Four organization attention ratio suggests the percentage of the sum of the pinnacle 4 firms. It is the maximum normally used attention ratio. If the ratio near 0 it's miles a clean case of best competition. If the ratio is 100%, it suggests the case of monopoly. Some firm are extra focused than others due to technical homes in their manufacturing technology or specific traits of the markets they serve.
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what two important metrics do marketers use to evaluate profitability?
The two metrics used by marketers to evaluate profitability are customer acquisition and individual customer profitability.
These metrics include sales growth and revenue, lead cost, conversion rate, customer lifetime value, return on marketing investment, and more. By accelerating activities that are proven to be more valuable, marketers are now able to target their marketing more successfully thanks to enhanced tracking techniques.
Marketing metrics gauge the efficacy of marketing campaigns and demonstrate how closely they follow key performance parameters (KPIs). Without them, marketing teams wouldn't be able to determine whether their marketing plan is effective. They are one of the most crucial components of any campaign.
Measurement metrics for the following four areas: This book divides the measurement process into four groups—consumption, sharing, lead generation, and sales metrics—to make it easier to understand how content marketers go about it.
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carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both had the same terms: $17,600 at 7% for 3 years. use ordinary interest as needed. calculate the simple interest note proceeds. calculate the simple discount note proceeds.
Carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both had the same terms: $17,600 at 7% for 3 years.
Simple interest = 17600*7*3/100 = 176*21 = 3696
What is simple interest?Definition. The cost of borrowing money is known as simple interest because compounding effects are not taken into consideration. Simply said, simple interest solely affects the principal sum.
A specific principal amount of money is multiplied by an interest rate to determine the simple interest (S.I.) amount. For instance, if someone borrows Rs. 5000 at a 10 percent annual percentage rate The individual will have a two-year S.I. interest rate. about the borrowed funds.
Simple Interest is the amount repaid over a predetermined period of time for using the borrowed funds. Compound interest is what happens when the total principal amount surpasses both the payment due date and the rate of interest over a certain period of time. Formula. S.I. = (P × T × R) ⁄ 100.
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In a 2019 survey conducted by edelman, the percentage of americans who trust business had dropped to _____.
In a 2019 survey conducted by Edelman, the percentage of Americans who trust businesses had dropped to 52%. This research is called the Edelman Trust Barometer.
What is the Edelman Trust Barometer about?
Trust, on the other hand, is defined as a favorable attitude expressed over time about a company's capacity, reliability, integrity, purpose, and personal relevance, based on personal experience with that brand.
Fa. cebook will use the Edelman Trust Barometer to provide a suite of advertising goods, including real-time bidding from third-party marketers.
These new expectations may be traced back to our very first research. In reaction to the "Battle in Seattle," when non-governmental entities invaded the World Trade Organization to protest globalization as an unequal distribution of wealth, we created the Edelman Trust Barometer in 2000.
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Which step in the marketing research process consists of identifying the type of data needed and choosing the method necessary to collect it?.
Designing the research in the marketing research process involves identifying the type of data needed and determining the method necessary to collect it.
What is marketing research?Market research is a systematic attempt to learn as much as possible about target markets and consumers, starting with who they are. It is a crucial element of corporate strategy and a key contributor to keeping competitiveness.
Information that is pertinent to decision-making is provided by marketing research, which benefits marketing management. Marketing research neither determines the course of action nor ensures success. Instead, market research assists in lowering the level of confusion surrounding the choices to be made.
When a company phones a current client to inquire about how they are enjoying a product they recently bought, that is an example of a market research interview. Interviews can be conducted by marketers with subjects at home, on the street, at work, or in a market research centre.
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true or false: fifo perpetual and fifo periodic inventory methods result in the same amount of cost of goods sold.
This assertion is accurate. The cost of items sold will be the same whether FIFO cost flows are perpetual or periodic.
Why will both periodic and eternal FIFO cost flows have the same cost of goods sold?To gauge the amount of inventory and the cost of items sold, the periodic inventory system performs a periodic physical count. Every time a product is received or sold, the perpetual system automatically updates the inventory balances, maintaining a continuous record of all available stock.
Perpetual FIFO refers to the removal of expenses from the inventory account and the debiting of those costs to the cost of goods sold account in order of when they were first incurred. Consequently, the cost of products sold and the cost of the ending inventory will be the same for permanent FIFO cost flows and periodic FIFO cost flows.
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true or false: personal selling does not allow the salesperson to adjust their message based on customer feedback.
This claim is untrue. Face-to-face communication is a key component of personal selling, and the salesperson gets rapid feedback that lets him or her tweak the message as needed.
What does "personal selling" mean?Personal selling commonly referred to as face-to-face selling, is a sales technique where a single salesperson tries to persuade a consumer to purchase a product. It is a type of advertising where the salesperson employs their knowledge and talents to close a deal.
Does in-person interaction with customers always constitute personal selling?The majority of personal selling takes conducted in person, however, it can also be done via phone or video. Personal selling differs from other sales and marketing tactics like public relations or automated sales calls that promote your company's goods and services through direct contact.
What part does personal selling play in the marketing process?Personal selling reduces wastage, increases sales, and encourages word-of-mouth advertising. Personal selling may also provide insight into clients' behaviors and their reactions to a particular marketing campaign or product offer, and it monitors marketing return on investment (ROI) better than most methods.
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What best exemplifies a company that successfully uses a differentiation strategy?
No other product is available to substitute the company's product best exemplifies a company that uses differentiation strategy.
A differentiation strategy is a tactic used by organizations to acquire clients by offering them something clearly different from what their rivals might be selling in the market. Increasing competitive edge is the key goal of executing a differentiation strategy. A company will often do this by taking inventory of its upsides and downsides, requirements of customers, and overall value proposition.
A business must provide distinguishing features to a goods and services and meet the needs of a niche or restricted market in order to employ a targeted differentiation strategy. A company is able to efficiently use it resources and produce goods and services when it uses differentiation strategy.
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d needs life insurance that provides coverage for only a limited amount of time while also paying the lowest possible premium. what kind of policy is needed
The kind of policy is needed Level term.
With limited payment life insurance, the policyholder refrains from extending the policy to ultimately pay the premium. Instead, you pay the full cost of the policy over time. Term life insurance, also known as pure life insurance, is a type of death benefit that is paid to the policyholder's heirs over a specified period of time.
Life provides whole-life protection at a premium for 30 years. The advantage of this policy is that premiums can be carried forward for 30 years, making life insurance cheaper compared to other limited payment options. Single premium life insurance allows policyholders to make a lump sum payment instead of monthly, quarterly, or yearly payments.
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If dell, which currently does not offer an e-reader, decided to enter the market with one, this e-reader would be classified as.
A late majority of consumers (about 34% of the market) rely on other people for knowledge and are more likely to purchase a new product because others have already done so.
What categories can new products fall under?
Convenience goods, shopping goods, specialty products, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
Which of these is not a factor used to divide up the consumer market?
competitive situation Although enhancing a company's competitive position is an expected result and justification for evaluating customer segmentation, a competitive position is not an evaluation criterion when considering market segmentation.
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culture low-context cultures ____________. communicate in ambiguous ways employ spiral logic rely on context and feeling prefer direct verbal interaction
culture low-context cultures High-context . communicate in ambiguous ways employ spiral logic rely on context and feeling prefer direct verbal interaction
High-context cultures emphasize implicit communication and strongly rely on context. Low-context societies, on the other hand, rely on explicit verbal communication. High-context cultures encourage interpersonal interactions, are collectivist, and have people who create enduring, committed bonds with one another.
What is high and low culture context?
Low-context cultures (like those in North America, Scandinavia, and Germany) have communicators who rely less on the situation's context to convey their meaning. They make the erroneous assumption that listeners are naive and need to be told nearly everything. Low-context cultures are more likely to be logical, analytical, action-oriented, and person-centered.High-context cultures (such those in Japan, China, and Arab nations) do not require much background information because the listener is already "contextualized". Intuition, reflection, and care for the group are more prevalent in high-context societies. In high-context cultures, speakers pay attention to more than just the words they use; they also take into account nonverbal cues, the physical environment, and the social context.In high-context societies, posture, voice intonation, gestures, and facial expressions are used to convey messages. Building relationships is a crucial component of conversing and connecting. High-context communicators, in contrast to low-context communicators, may apply spiral logic, circumnavigating a topic indirectly and approaching it from numerous tangential or conflicting perspectives. A conclusion may be hinted at but not explicitly argued.To learn more about high and low culture context visit:https://brainly.com/question/6460491
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you're so excited to attain your first teaching position. during new employee orientation, your pay scale suggests that annual salary is fixed, and will not increase until after the completion of the second year. what type of wage structure is this an example of?
This is an example of Sticky wages Structure.
An economic theory known as the "sticky wage hypothesis" explains how salaries gradually alter in response to changes in the labour market. As employees fight wage reductions, wages frequently remain above equilibrium, in contrast to other markets where prices are determined by supply and demand.The sticky wage model is what?
According to the sticky wage theory, employee salary remains stable even if the economy deteriorates. This is due to the fact that workers will struggle against a salary cut, and if profitability declines, a company will try to cut expenses elsewhere, even through layoffs.To learn more about Sticky wage theory, click the links
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The success of an entrepreneurial venture is often jeopardized by the death of its founder. What is an important measure to minimize this problem?
The success of an entrepreneurial venture is often jeopardized by the death of its founder. Adequate succession planning is an important measure to minimize this problem.
The process of replacing the leaders and managers in your organization with high-potential internal (and occasionally external) replacements is called succession planning. In essence, the goal is to find, train, and replace staff members as needed to minimize any disruption caused by a prospective change in roles or hierarchies.
The goal of succession planning is intricate. Damage management and removing a crucial leader as soon as feasible are not the only concerns. It involves removing a leader and installing a successor who is qualified for the job, has the potential to succeed, and can take over the role swiftly and effectively (with added emphasis on successfully). It is about reducing the risks of organizational transformation while developing a succession planning approach or framework.
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assuming dell’s sales will grow 50% in 1997, how would you recommend that the company fund their growth? how much working capital would need to be reduced and/or profit margin increased if the company were to fund its growth by relying only on internal sources of capital? what steps would you recommend that dell take to achieve its growth goal?
The company fund their growth with working capital need to be reduced profit margin increased growth so as to achieve goals of firm.
Company usually use its internal and external sources to fund requirements which are fulfilled to make the firm work and no external binding funds for the company remains not with debt and achieve their goals
Working capital requirements are the major component of the profit produced as they are use to calculate the total cost of production and the capital required to complete the produce.
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Which of these is NOT considered to be a cost connected with an individual's death?
a. Funeral expense
b. Tax liability
c. Business expenses
d. Probate costs
a. Funeral expense is NOT considered to be a cost connected with an individual's death in such case where life insurance were done.
Do Funeral Costs Get Paid for by Life Insurance?
The majority of life insurance policies pay out a single amount to a designated recipient. An insurance payout covers lost income and settles any taxes and bills that your estate might have to pay.
In some cases, Medicaid recovery programs will charge your estate for any care you received under the state's program. There are frequently unforeseen expenses, including court costs. Funeral expenses are not typically covered by an insurance policy.
They should respect your requests if you expect your beneficiary to use the insurance payout to cover the cost of your funeral. But that is not necessarily how things turn out.
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