The text suggests that both employers and job applicants struggle with the hiring process because: the hiring procedure used by an employer frequently differs from the hiring process used by applicants.
Hiring process :
Personality tests are becoming an increasingly common requirement for job applicants. Employers frequently use industrial/organizational psychologists, who study behavior in the workplace, to assist in choosing personality tests to aid in staff selection because there are numerous personality tests available and each assesses something different. Industrial/organizational psychologists may decide to have candidates take the Myers-Briggs test, which assesses personality qualities important for leadership and teamwork, depending on the specific demands of an enterprise. Alternately, they could administer the Minnesota Multiphasic Personality Inventory, which gauges a person's propensity for psychopathology and substance misuse. Various other traits, including mental processes, sociability, motivation, self-awareness, emotional intelligence, stress management, dependability, and work style are examined by other personality tests. Some professionals think personality tests are used and interpreted excessively.
Others contend that personality assessments are crucial to the recruiting process because they can determine how well a candidate "fits" the job description. When recruiting a salesperson, for instance, a corporation may compile a list of the personality qualities of effective salespeople and compare test results of applicants to that benchmark. Many businesses that have employed personality tests have seen a decline in turnover and absenteeism, which translates into significant financial benefits for the business. Other businesses have seen improvements in consumer and employee satisfaction, as well as declines in theft and absenteeism. Nowadays, personality assessments are utilized in the hiring process to reduce the number of candidates to interview.
Employers must swiftly go through a deluge of applications due to the popularity of online job ads, and personality tests provide a quick way for them to focus on candidates who might be a good "match." How should you answer test questions, then, to ensure that you land the job? Although the best answers differ depending on the job and the firm, experts advise against lying on personality tests because they often have sophisticated systems in place to detect deception. According to management expert Luis Valdes, "There is an ideal level for each given character quality, like independence. Most individuals aren't so extreme, so if someone looks to be, it shows they've tried to address all the issues.
Different personality assessments gauge the various actions of job applicants. In order to aid in hiring new employees, industrial or organizational psychologists can advise on the best personality tests to use. Most industrial or organizational psychologists use the Myers-Briggs test for the hiring process out of all the available personality tests.The leadership and teamwork-related personality qualities are assessed using the Myers-Briggs test. The Minnesota Multiphasic Personality Inventory, which assesses applicants' propensity for substance addiction and psychopathology, is one of the additional personality tests that are frequently used in the hiring process.In addition to the aforementioned roles, personality tests also assess traits including reliability, friendliness, mental process, self-awareness, motivation, emotional intelligence, and work style.Although these exams are overused and overinterpreted, it is nevertheless thought that they are crucial for the employment process.Because objective personality tests can forecast how well a job candidate fits the relevant job profile, employers utilize both interviews and them when determining who to hire. Once a candidate passes a series of personality assessments, it is determined whether or not they are a good fit for the position.A personality test compared to a standard also reduces attrition, theft, and absenteeism while increasing employee satisfaction, customer loyalty, and financial savings for the business. Setting up a set standard for personality tests also reduces the pool of candidates for interviews, improving the interviewing process's quality and resulting in the best candidate being chosen.Learn more about hiring process here brainly.com/question/16144730
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If you were christina, how would you design a process control plan to ensure that these requirements were met?
With the use of the seven standards from the hazard analysis and critical control points (HACCP), Christina must map the manner with a waft chart to discover all possible control points.
Thru the statistics within the flowchart, she wishes to identify vital manipulate points so as to identify the factors in that capacity dangers can be diagnosed and controlled or eliminated. She wishes to set up crucial limits for each of the identified manipulated points in an effort to perceive the requirements or operating variety wherein the food can be thoroughly processed. There will be methods mounted to determine whilst the cooking temperatures have to be monitored.
A process control plan (or just control Plan) is a record describing the technique step, the method's first-rate manages items, responding manipulate methods, and reaction plans. In different phrases, it's far a plan to govern manufacturing/carrier methods to guarantee the product, carrier, and manner necessities are met.
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When a firm or industry sells products on the world market at prices below the cost of production, this known as:_________
When a firm or industry sells products on the world market at prices below the cost of production, this known as dumping.
An industry is a group of companies related by their primary business activities. There are dozens of industrial classifications in the modern economy. Industry classifications are usually grouped into larger categories called sectors.
Industries are usually classified according to the goods and services they produce. For example, the pizza industry includes all producers who produce pizza and sell it on the market. It is important to note that in order for a pizza maker to belong in the pizza industry, the products they make must be marketed.
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Dmitry is someone who invests by flipping houses. how is this best demonstrated?
Answer:
She purchases houses for a lower price fixes the house adds some new features then re-sells it in hopes that the house will sell more than it was previously listed for.
Explanation:
Explained above.
internal control consists of plans to (Select all that apply.) Multiple select question. enhance the reliability of accounting data. enhance the accuracy of accounting data. promote operational efficiency. report management errors to the investors. report misuse of company assets to investor
Internal control consists of plans to
enhance the reliability of accounting data. enhance the accuracy of accounting data.courage adherence to company policies and procedures.Internal control is the name given to the set of business policies that are designed to guard the belongings of the commercial enterprise, prevent fraud, and ensure that the enterprise operates successfully.
The five additives of internal control are: manipulate the environment, threat assessment, manipulate interest, statistics and Communications, and monitoring. The additives of inner management represent the way utilized by an entity to help acquire its objectives.
The seven internal control strategies are separation of duties, getting right of entry to controls, bodily audits, standardized documentation, trial balances, periodic reconciliations, and approval authority.
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If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?
If exports exceed imports then the USA has a alternate surplus and the change balance is stated to be fine. If imports exceed exports, the united states or place has a alternate deficit and its alternate stability is said to be negative.
If a country imports more than it exports, it runs a trade deficit. If it imports much less than it exports, that creates a change surplus. whilst a rustic has a alternate deficit, it have to borrow from other international locations to pay for the greater imports.
A rustic that imports extra goods and services than it exports in phrases of cost has a trade deficit while a rustic that exports greater items and offerings than it imports has a alternate surplus.
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Tea and cofee are substitutes. if the tea harvest is exceptionally good in a particular year, the supply of tea will be:____.
The supply of the tea will increase
According to the information:When the production is higher in tea the quantity supplied at a given price will decrease.When the prize of tea will decrees in comparison to the coffee the demand of the tea will increases. What id demand and supply graph?A supply and demand curve is a graph that shows the relationship between the amount of a product that is offered to a market and the level of demand for the product there. The graph's two lines show how the two factors' prices and demands are related to one another.
Why is supply and demand important?Because they jointly determine the prices and availability of the majority of goods and services in a particular market, supply and demand have a significant relationship. A market economy operates under the tenet that supply and demand eventually reach a point of equilibrium.
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Zhang company reported cost of goods sold of $837,000, beginning inventory of $37,600 and ending inventory of $46,500. the average inventory amount is:
The average inventory amount is: $51,050
What is average inventory amount ?The average inventory value or quantity across two or more accounting periods is the inventory you have on hand. The inventory's average worth over a specific period of time is what it represents. It's possible that value and the median figure calculated from the same data are not equal.
According to the given information:Cost of goods sold = $837,000
Beginning inventor = $37,600
Ending inventory = $46,500
By definition,
Average inventory = (1/2)*(Beginning inventory + Ending inventory)
= (1/2)*(37600 + 64500)
= 1,02,100/2
= 51,050
the average inventory amount is: $51,050
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Companies often choose to build plants compliant with stricter environmental standards when they locate in low-income countries with lax environmental standards. This is because?
Companies will often choose to build plants compliant with stricter environmental standards because designing an industrial plant is a complex and costly task and so, if a plant works well in a high-income country, companies prefer to use the same design everywhere.
What is a stricter environmental standards?This refers to the strict administrative regulations or civil law rules that are implemented for the treatment and maintenance of the environment in a country, state, region etc.
Most time, majority of companies will choose to build plants compliant with stricter environmental standards when they locate in low-income countries with lax environmental standard because the process of designing an industrial plant is a complex and costly task and so, if a plant works well in a high-income country, companies prefer to use the same design everywhere.
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Companies often choose to build plants compliant with stricter environmental standards when they locate in low-income countries with lax environmental standards. This is because designing an industrial plant is a complex and costly task, and so if a plant works well in a high-income country, companies prefer to use the same design everywhere
This is further explained below.
What are environmental standards?Generally, The government is often the one that establishes environmental standards, and these standards might include the restriction of certain activities, the mandating of the frequency and means of monitoring, and the need for licenses for the use of land or water. Different types of environmental activities are subject to different sets of standards.
In conclusion, When relocating their operations to lower-income nations with more lenient environmental regulations, businesses often choose to construct factories that are compatible with stronger environmental requirements. This is due to the fact that the process of building an industrial plant is tough and costly. As a result, when a plant has proved that it is successful in a country that has a high quality of living, corporations often prefer to apply that plant's original design in other countries.
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Economists pay attention to small changes in economic growth because small changes in economic growth can make a big difference in the living of a country.
It is a true statement that economists pay attention to small changes in economic growth because small changes in economic growth can make a big difference in the living of a country.
What is an Economic growth?In an economic world, this refers to an increase in the value of an economy's goods and services which consequently creates more profit for businesses.
Apart from the fact that It is a true that economists pay attention to small changes in economic growth because small changes in economic growth can make a big difference in the living of a country, the data on economic growth also influences them because these changes have large effects on the volume of output.
Therefore, it is a true statement.
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Discuss why a firm in perfect competition may choose to be open on mondays, typically the slowest day of the week, when their revenues do not seem to be sufficient to warrant doing so?
A firm in perfect competition may choose to be open on mondays, typically the slowest day of the week, when their revenues do not seem to be sufficient to warrant doing so because they only have to recover variable costs and to attract price taker.
Many firms don't make money during certain times of the day or week. When you include fixed costs such as the lease for your businesses. What the revenue often does, covers your variable costs. For example, a restaurant may not be making enough to cover its rent but it is making enough to pay for ingredients and labor.
It’s usually because there’s a lot of new information being released that’s pushing the prices up. If you’re not prepared for the new information, you might not be able to sell your product or service in the perfect competition market.
In perfect competition, A firm wants to attract a price taker. Individuals or firms who must take the market price as given are called price takers. A consumer or firm that takes the market price as given has no ability to influence that price. The price is determined by demand and supply in the market—not by individual buyers or sellers. In a perfectly competitive market, each firm and each consumer is a price taker.
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Bp's expansion plans were reduced, and its ability to compete with other large multinational oil companies like____ became limited
BP's expansion plans were reduced, and its ability to compete with other large multinational oil companies like Exxon Mobil and Shell became limited.
BP (British Petroleum) is an integrated oil company which is headquartered in London, United Kingdom. This company is mainly involved in exploring and developing oil and natural gas sources.
BP's competitors were Exxon Mobil, Shell and many other large multinational oil companies. Thus, because of this competition BP's expansion plans were reduced, and its ability to compete with other large multinational oil companies became limited.
Hence, BP also failed to go beyond Petroleum.
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In a ________, the evaluator utilizes feedback from supervisors, employees, and coworkers.
In a 360 degree appraisal the evaluator utilizes feedback from supervisors, employees, and coworkers.
A 360-degree feedback process involves gathering feedback from an employee's peers, superiors, and subordinates as well as from the employee themselves.
In the 1940s, the 360-degree performance appraisal system was initially applied. The 360 technique gives each employee the chance to obtain performance feedback from their boss, colleagues, staff members, coworkers, and customers, much like the various points on a compass.
A staff member's performance over a certain time period, frequently a year, is discussed and evaluated by other employees in a 360 degree appraisal. The 360 degree approach is unique in that it gathers feedback from subordinates and coworkers as well as the direct boss.
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Monte Ray leases office space for $7,000 per month. On January 3, Monte Ray incurs $75,000 to improve his leased office space. These improvements are expected to yield benefits for 8 years. Ray has 6 years remaining on his lease. What jour
The expense in the first year relating to the improvements is $12,500
What is leasehold improvement?
Leasehold improvement is a capital expenditure incurred to improve the condition of an asset that has been leased from a third party.
In this case, a leasehold improvement costing $75,000 was incurred and lease period is only 6 years remaining whereas the improvement would provide benefits for 8 years, in essence, the improvement cost should be depreciated using the lower of remaining lease period and years of benefits.
As a result, annual depreciation would be computed using the straight line depreciation method where useful life is 6 years
first year depreciation=improvement cost/useful life
first year depreciation=$75,000/6
first year depreciation=$12,500
Note that the requirement is to determine the first year expense that only relates to improvements , in other words, the lease expense should be ignored
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Complete question with options:
Monte Ray leases office space for $7,000 per month. On January 3, Monte Ray incurs $75,000 to improve his leased office space. These improvements are expected to yield benefits for 8 years. Ray has 6 years remaining on his lease. Compute the amount of expense that should be recorded the first year related to the improvements.
A. $19,500.
B. $7,000.
C. $12,500.
D. $9,375.
E. $16,375.
Mark, a real estate broker, teamed up with chris, another real estate broker, in an effort to not do business with a cross-town broker. what may mark and chris be accused of?
Mark and Chris be accused of Group Boycotting.
In terms of competition law, a group boycott is a particular kind of secondary boycott in which two or more rival businesses in a particular market refuse to do business with a company unless the latter agrees to stop working with one of their current or future rivals.
In the real estate brokerage industry, a typical group boycott allegation is that two or more real estate firms have agreed to refuse to collaborate or to work with a third firm in less favorable conditions.
A collective boycott is an action taken by a number of entities against their suppliers, consumers, or rivals for business reasons.
Boycotts allow people to demonstrate their values with their money. Boycotts give members of the community a way to defend their values. People can easily and very painlessly defend their values by participating in a boycott if it is well-organized.
A boycott will probably be regarded as First Amendment protected if it aims to influence political reform. However, the court will probably view the boycott as solely commercial action rather than a First Amendment statement or petition if its purpose is economic.
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___________ spending by government was adopted by franklin d. roosevelt during the depression to increase ad and increase output, employment, and income
increased spending by the government was adopted by franklin d. Roosevelt during the depression increased ad and increase output, employment, and income.
Terms of employment are the benefits and obligations to which an employee agrees when accepting a job. Terms include salary, benefits, retirement, company policies, termination, and non-compete obligations.
Employment is an economic activity in which one person works for another. A person employed by another person or company is called an employee. Employees receive wages or salaries.
The term “employment” refers to a state of employment. It is usually the relationship between an employer and an employee. Employment of people varies, some are employed all year round and some are only partially employed.
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If your risk aversion index a = 4, what is your optimal allocation between risky asset p ( ) and risk-free asset (1- )?
10.82 is your optimal allocation between risky asset p ( ) and risk-free asset (1- ).
Expected return & Return X Probability.
:. Expected return of fund "A" B #x05+ (-5X0·3) + 20x⋅ 2 => 6 25x.5+ 10x 3+ (-25x-2)510-s LA L
Calculation of standard deviation, and correlations
1X0.5 +121X0·3+ 196X-2 872
√210.25x0.540.25x0.3 +1260.25x0·2 18.90
Co-variance. = 14.5x0.5 +5.5x0·3+ (-497×0.2) -90.5
Co-relation=-90.5 -0.55
8.72×18.90
with the use of the given formula given. Calculation of weight: -
W₁ = (6-4.25) (18.90)² - [ 10.5-4.25x1-90·5)
(6-4.25) (18.90)²+ 10.5-4.25]($.72)²=-(6-4-25+1015-4:25] × (90·5)
625-1175 + 565.625
5) 1190.7425 = 0.65 1824.3575
625.1175+ 475.24+724
1-0.65 0.35 A
7.5757 • Expected return of portfolio = 6x0.65 +10.5x0.35
Standard deviation (r) of portfolio - 18-72x0.65) + (18 · 9X8:35) 72 (8-72X0·65) (8·4x0-35 x0.55
7
10.82.
A risky asset is an asset that involves some risk. Risky assets generally refer to assets with high price volatility, such as Examples: Stocks, Commodities, High Yield Bonds, Real Estate, and Currencies.
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When calculating the times interest earned ratio, a business owner wants a ______ number, which shows the business is capable of servicing its debt load.
When calculating the time's interest earned ratio, a business owner wants a higher number, which shows the business is capable of servicing its debt load.
In arithmetic, a ratio shows how generally one quantity carries every other. as an example, if there are 8 oranges and 6 lemons in a bowl of fruit, then the ratio of oranges to lemons is 8 to 6. further, the ratio of lemons to oranges is 6:8 and the ratio of oranges to the whole amount of fruit is 8:14.
On social media, “ratio” refers to the range of replies or comments as compared to likes. A post is referred to as a “ratioed” approach that it has extra replies than likes and is possibly divisive, unpopular, or normally arguable.
Ratios examine numbers, typically via dividing them. in case you are evaluating one data point (A) to any other statistics factor (B), your method would be A/B. this indicates you're dividing facts A by facts B. as an example if A is 5 and B is 10, your ratio could be 5/10.
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The _____ assumes that innovation is a predictable process that can be planned using a series of steps and reducing the time it takes to complete those steps can speed up the innovation process.
The compression approach to managing innovation assumes that innovation is a predictable process that can be planned using a series of steps and reducing the time it takes to complete those steps can speed up the innovation process.
A compression approach to innovation works nicely for the duration of intervals of incremental change. This method assumes that innovation may be planned using a series of steps and that compressing the time it takes to complete those steps can accelerate innovation.
The experiential approach is used to establish a new dominant layout, whereas the compression approach is used to enhance the feature of an existing dominant design.
An innovation process is a fixed of steps between a concept's conception and its implementation. it is a streamlined method that is managed in a manner that displays an organization's structure and innovation goals.
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The development team has developed a set of requirements. Now, the results need to be verified. Who has responsibility for planning the testing activities, such as test scripts and test data?
The Business Analyst has responsibility for planning the testing activities, such as test scripts and test data.
Business analysts play a critical role in managing the testing phase. He is the one with in-depth domain expertise, a firm grasp of the functional requirements, and the ability to effectively support testers in the design of test cases and aid in their comprehension of functionality.
Test cases, which serve as step-by-step instructions for each system test, are often developed by members of the testing team or the quality assurance (QA) team. Once a system feature or group of features has been completed by the development team, testing can start.
A business analyst will support the design process, support the analysis of original goals and needs, carefully examine product requirements, ask a ton of questions, and encourage communication between all interested parties.
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What are some ways to reduce the agency costs of equity?
a. caps on bonuses of managers
b. proper reporting limits on dividend
c. payments surveillance
Some ways to reduce the agency costs of equity are surveillance and proper reporting limits on dividends.
What does Agency Cost of Equity mean?
The disparity in interests between shareholders and management gives rise to the agency's cost of equity. The shareholders will be responsible for paying this expense as long as the management's interests conflict with those of the shareholders. Management could feel pressured to make less-than-ideal choices that don't maximize the firm's value.
There will be a cost involved with any steps used to monitor and stop this. Therefore, the costs incurred by the agency will include both the cost of the poor decision and the costs incurred in supervising the management to stop them from making these choices.
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23.7.2 Test (CST): Banking
Question 14 of 25
The nine-digit number that identifies the bank that a check came from is
called a(n).
OA. bank number
OB. account number
OC. routing number
D. check number
The nine-digit number that determines the bank that a check came from is called is called routing number
what is routing transit number?A routing transit number is a nine-digit number operated to identify a bank or financial institution when earning funds or processing checks. The American Bankers Association (ABA) founded routing transit numbers in 1910. These digits are also used in online banking and removing houses for financial transactions. At the base of a check, you will see three groups of numbers. The first group is your routing number, the double is your account digit and the third is your check digit
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What is meant by the skill-bias technological explanation of increasing inequality?
Inequality has increased because technological progress over the past 40 years has complemented the productivity of skilled workers relative to unskilled workers.
Summary. A change in skilled technology is a change in production technology that favors skilled over unskilled people by increasing relative productivity and thus increasing relative demand.
The influential Skill-Biased Technological Change (SBTC) statement argues that technology will increase demand for skilled workers, allowing them to demand higher wages.
Technological change by factors means that productivity growth varies between countries with different skills and capital levels per worker.
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The ____________________ attests to the fairness of the presentation of the financial statements and states whether the financial statements are presented in accordance with gaap.
The require answer is Auditor's report.
Auditor's report:
If the financial accounts are presented fairly and in line with GAAP, it is stated in the auditor's report and attested to by the auditor.The auditor's report expresses the auditor's judgment regarding the accuracy and conformity with GAAP of a company's financial statements.The auditor's view on whether a company's financial statements adhere to generally accepted accounting standards (GAAP) and are free of substantial misstatement is expressed in an auditor's report, which is a written letter from the auditor.A report from the auditor stating that the financial statements and accompanying disclosures were presented fairly. The outcome of this evaluation is the auditor's report, which attests to the fairness of the financial statements' presentation and related disclosures. The existence, completeness, rights and duties, accuracy and value, and presentation and disclosure of financial statement assertions are among those that a company's statement preparer attests to.Learn more about Auditor's report here brainly.com/question/7890421
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A form that explains any deduction, other than a check , from a checking account is called:________
A form that explains any deduction, other than a check, from a checking account, is called a bank reconciliation statement.
A bank reconciliation statement is a summary of banking and commercial enterprise pastime that reconciles an entity's financial institution account with its economic records. The announcement outlines the deposits, withdrawals, and different sports affecting a bank account for a selected length.
Bank Reconciliation assertion is a statement which records variations between the financial institution declaration and general ledger. the quantity special within the bank assertion issued via the bank and the amount recorded in the corporation's accounting ebook maintained by using Chartered Accountant may range.
Bank reconciliation announcement (BRS) includes the process of figuring out the transactions personally and healthy it with the financial institution declaration such that the last stability of bank in books matches with the financial institution announcement.
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If a static budget forecasted 100,000 units to be sold in the fiscal year and actual units sold amounted to 120,000, what assumption could be made under a flexible budget process
Variable costs will be higher than projected in the static budget due to the volume variance are the assumptions that could be made under a flexible budget process. The correct answer is option(d).
This method, known as "flexible budgeting," has been used to assess the cost behavior of all operating costs, set budget levels for various degrees of activity, and track activity based on relative cost rather than just the quantity of tests run.
A flexible budget is one that is based on various sales volumes. For each projected level of production, the static budget is adjusted by a flexible budget. Due to this flexibility, management is able to predict how the budgeted figures will change as sales volume changes.
Key Characteristics of Flexible Budget:
A flexible budget is simple to adjust in response to changes in production and sales levels and includes a variety of activities.Performance measurement and evaluation are made easier with a flexible budget.It takes into consideration changes in activity volume.The complete question is:
If a static budget forecasted 100,000 units to be sold in the fiscal year, and actual units sold amounted to 120,000, which assumption could be made under a flexible budget process?
- Because the actual volume exceeds the budgeted volume, there is an unfavorable volume variance for output.
- Fixed costs would increase in the flexible budget due to the volume change.
- The effectiveness of the manager is in question.
- Variable costs will be higher than projected in the static budget due to the volume variance
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Using the payback period rule will bias toward accepting which type of investment?
Using payback period rule will tend to be bias toward shorter-term investments.
What is the payback period rule?
Payback is a capital budgeting method that determines the amount of time it takes to recover the amount invested in a project from it cumulative cash flows.
Payback period = Amount invested / cash flow
For example, $100,000 can be invested in either project A or B. Project A will yield a cash flow of 50,000 each year over the next 5 years and project B will yield a cash flow of 20,000 over the next 10 years.
The payback period of project A = 100,000 / 50,000 = 2 years
The payback period of project B = 100,000 / 20,000 = 5 years
The investor would pick project A because of its shorter payback period.
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Write a letter to your local governmental representative highlighting the impact that the united states’ trade policy and global relations can have on global logistics and transportation strategies.
January 17, 2021
The Honorable Mr. Jackson
761, Karol Bagh, Delhi,
Sacramento, CA
RE: The impact that the united states trade policy and global relations can have on global logistics and transportation strategies.
Dear Assembly Member Jackson
My name is David Stuart and I am a regional center consumer, who resides in your district.
Worldwide trade has dramatically increased since World War II, and an international trading system based on the idea of open economies has been developed. Despite being less dependent on trade than practically every other developed nation, the United States has been at the forefront of these shifts.
Since the end of World War II, international trade policy institutions have undergone a significant evolution, largely thanks to the United States and its European allies. 23 nations ratified the General Agreement on Tariffs and Trade (GATT) in October 1947. GATT's membership had grown to 123 nations by 1986, all of which had agreed to uphold the values of lower tariffs, open economies, and freer trade. Global import tariffs on goods dropped significantly during those four decades, from an average of about 30% to under 5%.
The effects of trade agreements on employment, inequality, national sovereignty, and safety standards have drawn the attention of eminent economists, labor advocates, and consumer rights organizations. The implications of globalization are also causing a great deal of public concern: According to Pew Research Center polling, Americans' trust in trade has increased as the economy has recovered since the early 2000s, despite a substantial decline in their conviction in the advantages of globalization.
Critics have also expressed concern about the accords' effects on national sovereignty as well as the process's openness. Particularly, the Investor-State Dispute Settlement (ISDS) mechanism provision sparked concerns that foreign corporations would have the power to veto local government decisions. Supporters assert that the ISDS is identical to comparable provisions found in earlier trade agreements, such as NAFTA, even though such provisions have also garnered criticism.
More trade was discovered to be a result of faster export timeframes and cheaper importing costs. Countries with ineffective logistics incur high expenses in time and money for international trade and global supply chains, which negatively impacts nations and businesses and lowers turnover. The United States has the biggest economy in the world, as well as the biggest export and import of commodities and services. America's prosperity depends on trade because it boosts the economy, supports domestic job development, raises living standards, and enables people to sustain their families with reasonably priced goods and services. Activities connected to the transnational exchange of products and services to meet demands are included in international trade and international logistics. Acquisition, development, and management of human, financial, and physical resources are some of these activities.
Sincerely,
David Stuart
XYZ Lens, Nehru Nagar
Delhi
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Even though the united states has an unemployment compensation program that provides income for those out of work, should we still worry about unemployment?
Yes, as the unemployment compensation scheme only provides the unemployed with enough money to meet their basic necessities.
Payments provided to unemployed persons by authorised authorities are known as unemployment benefits, sometimes known as unemployment insurance, unemployment payment, unemployment compensation. Benefits are paid for in the US through a mandatory government insurance programme, not through individual citizen taxes. Those amounts may be little, merely covering the most basic requirements, or they could make up for the lost time proportionate to the prior earned wage, depending on the jurisdiction and the individual.
Only individuals who register as becoming unemployed due to no fault of their own are often eligible for unemployment benefits, and frequently only on the condition that they actively seek employment.
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When a consumer uses many evaluative criteria, such as fuel economy, acceleration speed, and the availability of extra features, to make a decision about purchasing a car, the consumer is doing what?
The customer is basing his decision on important features of the car.
Decision making of consumer
This decision making process is when a consumer evaluates the features of a product to see if it will best suit their needs in relation to other similar products or brands .
This is the phase three of the decision making process, which is generally done just before phase four, and this where the purchase decision is made.
Steps of purchasing decision
The consumer decision- making process involves five basic steps , this is the process by which consumers evaluate making a purchasing decision . The 5 steps are Problem recognition
Information search
Alternatives evaluation
Purchase decision
Post- purchase evaluation.
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Answer: Basing the decision on important features of the car
If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is?
If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is - vertical
The demand curve is a graphical illustration of the connection between the price of a good or carrier and the amount demanded for a given period of time. In a standard representation, the rate will seem at the left vertical axis, the quantity demanded at the horizontal axis.
the demand curve, in economics, is a graphic representation of the relationship between product charge and the amount of the product demanded. it is drawn with the rate at the vertical axis of the graph and the amount demanded on the horizontal axis.
The demand curve can be an essential device to apply while companies make pricing decisions. this is because the demand curve can display the price factor wherein the customer responsiveness drops, in addition to the rate point that elicits the highest demand.
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