theories that focus on how groups function, organizations are structured, and decisions are made are part of which theoretical category?

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Answer 1

These theories are part of the field of Organizational Theory.

These theories are part of the field of Organizational Theory.

Organizational theories include the following: 1. Classical or Traditional Theory 2. Neoclassical theory of human relations 3. Theoretical Decision-Making 4. Systematic Method 5. The Bureaucratic Ideal of Weber 6. Current Theory

6. The Hawthorne Study 8. Theorem of Contingency 9. Theory of Motivation Decision Theory, 10. 11. Theorizing about scientific management 12. The theory of administration.

Organizational Theories: System Approach, Neo-Classical, Decision-Making, and Classical Theories

1. The conventional or classical theory.

2. The Neo-Classical or Human Relations theory.

3. The philosophy of decision-making.

4. The use of systems

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Related Questions

3 what is a money market? ""treasury bills are an important short term source of finance for the government"". discuss

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A money market is a sector of the financial market where short-term debt securities with high liquidity and low credit risk are traded. These securities include Treasury bills, commercial paper, and certificates of deposit.

Treasury bills are an important short-term source of finance for the government as they provide a way for the government to raise funds quickly and efficiently.

Treasury bills are issued for a specific term, usually between 1 and 52 weeks, and are backed by the full faith and credit of the government. They are considered to be a low-risk investment as they are issued by the government, and they offer investors a low rate of return in exchange for the low risk.

Treasury bills are an attractive investment option for investors who need to park their funds for a short period of time and are seeking a low-risk, low-return investment. By issuing Treasury bills, the government can quickly and efficiently raise funds to finance its operations and pay for its expenditures.

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what are the main reasons for the recent international marketing success of the hunter boot?

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One of the most important and crucial chances that Hunter might seize is the chance to enter new markets, such those for clothes and walking accessories. Henry Holland (Debenhams 2013) and Le Chameau (Le-Chameau 2013), two of Hunter's rivals, are already doing this.

The opportunity to penetrate new markets, such as those for clothing and walking accessories, is one of the most significant and critical opportunities that Hunter may take advantage of. Two of Hunter's competitors, Henry Holland (Debenhams 2013) and Le Chameau (Le-Chameau 2013), already do this. The fact that their boots are worn by both practical users and fashion-forward individuals makes it feasible for them to choose to expand into either the luxury fashion apparel markets or the market for practical walking gear. The Hunter identity and character are fundamentally shaped by our unique affinity to rain. For those who see opportunity in the clouds and have an instinctive sense of the extraordinary in the everyday since 1856, Hunter has offered tools.

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if an agent forgot to fill in an effective date in paragraph 9 of the real estate contract, is the contract still valid?

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It depends on whether the contract is valid or not if an agent forgot to fill in an effective date in paragraph 9 of the real estate contract.

Whether the contract is still valid if an effective date was forgotten in paragraph 9 of a real estate contract depends on the specific jurisdiction and the content of the contract. In some cases, the contract may still be binding, while in others, it may not be enforceable.

If the contract includes specific provisions regarding the consequences of an omitted effective date, the contract may still be valid. Additionally, if the parties have begun performance under the contract, this can sometimes indicate an implicit agreement to the terms, including the effective date.

However, if the contract is silent on the issue and the omission of the effective date is considered a material term, the contract may not be considered valid. It is recommended to consult a real estate attorney to determine the enforceability of the contract in a specific case.

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________ alternatives are those marketing actions a manager considers which may resolve a problem.

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Decision alternatives are those marketing actions a manager considers which may resolve a problem.

It's time to identify and/or create decision alternatives in the innovate step. After completing the planning and decision-making portion of the Frame step, you ought to have a set of prioritized success criteria in place.

To create decision options that can satisfy the needs and preferences you identified during decision framing is the goal of the innovate step.

It is crucial to take into account a variety of options. All parties involved in the decision-making process should be able to understand potential solutions (decision alternatives) by providing sufficient description.

You can consider new opportunities and examine a wide range of options by coming up with potential new decision options, some of which might be outside of your comfort zone. The main elements of the innovate step are listed below.

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products which are actively searched by people known as

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Products that are actively searched by people are known as "in-demand products." These are products that consumers are actively seeking out and looking to purchase.

They can be products that fulfill a specific need or want, are high-quality and well-regarded, or are simply popular or trendy at the moment. In-demand products can vary greatly depending on the market and consumer preferences. Marketers and businesses often try to identify these in-demand products and develop strategies to make their own products more appealing to consumers. Businesses and marketers are often interested in identifying in-demand products, as this information can help them to create more appealing and successful products. By understanding consumer needs, desires, and purchasing habits, companies can create products that meet those needs and generate demand among consumers. In-demand products are also attractive to investors and businesses looking to enter a new market, as they offer the potential for high sales and profits.

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what factors decrease the risk of creating a new venture (select all that apply.)

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1. Comprehensive Business Plan: A good business plan should include industry research, a marketing strategy, a budget and financial projections, a timeline for milestones, and a description of the product or service you plan to offer.

2. Strategic Partnerships: Strong relationships with strategic partners can help reduce the risks of starting a new venture. In addition, partners can provide capital and resources, as well as help create a network of contacts that can be beneficial to the business.

3. Proper Market Research: Conducting proper market research before starting a new business is essential to identify potential customers and the need for your product or service.

4. Low overhead costs: Keeping overhead costs low can help reduce the risks involved in starting a new business. Additionally, a scalable business model can help you adapt to market changes and respond quickly to customer needs.

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if the amount of k-12 education expenses in indiana were proportional to those in ohio, what would have been the expected value of k-12 expenditures in indiana? (give the answer in billions rounded to the nearest hundredth) [a] billion

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we can use this proportion to calculate the expected value of K-12 expenditures in Indiana:

$1,736.03 per capita * 6.6 million = $11.18 billion

given that

According to the table, Illinois spent $28.54 billion on K-12 education from a population of 12.9 million. With a population of 6.6 million in Indiana

This means that we could expect Indiana to spend $14.6 billion on K-12 education if Indiana chose to adopt Illinois’ spending patterns! Compare this to Indiana’s actual expenditures of $9.97 billion.

The expected value of K-12 expenditures in Indiana if it were proportional to Ohio would be $11.18 billion (rounded to the nearest hundredth).

To calculate this, we first need to determine the proportion of K-12 expenditures to population in Ohio:

$20.23 billion / 11.6 million = $1,736.03 per capita

Next, we can use this proportion to calculate the expected value of K-12 expenditures in Indiana:

$1,736.03 per capita * 6.6 million = $11.18 billion

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Short-term obligations(including callable obligations) that are expected to be refinanced on a long-term basis can be reported as noncurrent, rather than current, liabilities only if two conditions are met:

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First, the entity must have the intention and ability to refinance the liability on a long-term basis. This means that the entity must have an adequate source of funds to refinance the liability or access to a market to refinance the liability.

Second, refinancing must take place under conditions that are reasonable in relation to the current market. This means that the refinancing must be done at a rate or terms that are comparable to the rate or terms offered in the current market for similar obligations. If these two conditions are met, the liability can be reported as non-current rather than current liabilities.

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a news magazine carries an article about the u.s. economy. it describes how the economy grew for several years. then it describes a long period of contraction. what is the main subject of this article?

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A news magazine carries an article about the u.s. economy. it describes how the economy grew for several years. then it describes a long period of contraction. The main subject of this article is the current state of the US economy.

The article provides a detailed overview of the US economy, discussing how it has grown and contracted over the past few years. It begins by discussing how the US economy has seen steady growth since the end of the Great Recession in 2009. It then goes on to describe how the US economy has been in a state of contraction since the beginning of 2020 due to the impact of the COVID-19 pandemic. The article highlights the impact of the pandemic on the US economy, including job losses, reduced consumer spending, and a decrease in GDP.

It also touches on the potential for economic recovery in the near future, discussing the measures the government and private sector are taking to stimulate the economy. Overall, the article provides a comprehensive overview of the US economy, discussing the recent period of growth and the more recent period of contraction, as well as the potential for economic recovery. It shows how economic events can have a major impact on the US economy and provides insight into the measures being taken to ensure a strong recovery.

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jane, the delivery and sales representative for a beer distributor, is calling on a retailer and sees the shelves are almost empty. an unexpected sporting event held nearby resulted in a huge increase in sales. she calls her company's distribution manager and requests a special delivery for her customer. jane is providing the important marketing function of

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Jane is providing the important marketing function of supply chain management.

What is a marketing function?

A marketing function helps a business find and source potentially profitable products for the market they serve, then it promotes those products by setting them apart from competing goods. It plays a crucial role in every business.

In a larger company, typical marketing tasks might include conducting market research, creating a marketing plan, developing products, expanding the market, and penetrating new markets. Strategically handling advertising, product distribution for sale, pricing, after-sale customer service, and public relations are also common marketing tasks.

The marketing function is one of the four main pillars of any business, along with sales, support, manufacturing, and finance. The marketing department is responsible for carrying out many crucial tasks like planning and market research. Product design, media planning, and distribution are all started by the marketing department. 

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A marketer is wondering if environmentally-friendly packaging should be used for the firm's product since it costs more to do so. This ethical question relates to which element of the marketing mix? a.product b.promotion c.brand d. marketing

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A marketer is wondering if environmentally-friendly packaging should be used for the firm's product since it costs more to do so. This ethical question relates to product. In this case option A is correct.

Large corporations like Coca-Cola, Disney, and Dell typically concentrate their traditional marketing efforts on maintaining and expanding their current brands and programs.

These types of businesses benefit from more resources, including strong financial backing and a large staff of marketing experts to guide their efforts. However, marketing for small- and medium-sized businesses (those with 500 or fewer employees and less than $7.5 million in annual receipts, as defined by the Small Business Administration3) is different due to the lack of financial resources and the fact that the entrepreneur is frequently the only one in charge of marketing initiatives. If they have money set aside for marketing costs, they might hire a small agency on a project-by-project basis.

Small start-ups frequently lack resources, as you have learned from previous chapters.

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many successful firms deliver outstanding customer value using which three strategies?

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Many successful firms deliver outstanding customer value using, these three strategies are sales, loyalty and cost.

The customer value is the value which refers to play a important and significant role in the success of many firms to consider the customer value. The customer value include the four types of value which is functional value, monetary value, social value and psychological value.

The sales strategy will target the consumer expectation and need of the quantity of the products in the market place. It increase with the number of customers.

The loyalty is the important trust which is built relation with the customer and firms. The cost of the product would be affordable according to the targeted customers.

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which of the three monetary policy tools is the most powerful? why?

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Of the three monetary policy tools, Open market operations is the most powerful.

Interest rates and credit restrictions are managed by monetary policy, which affects the degree of economic activity. Open market operations, changing reserve requirements and changing the discount rate are the three conventional methods a central bank might use to effectuate monetary policy in the economy.

When the central bank engages in open market operations to affect the amount of bank reserves and the level of interest rates, it sells or buys U.S. Treasury bonds. The federal funds rate is the precise interest rate that open market operations target. As a result, even though it is a very short-term interest rate, it accurately captures the state of the financial markets' credit.

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an unfavorable variance of $5,000 in cost of goods sold is determined by comparing the actual results (10,000 units) and the flexible budget (10,000 units). what type of variance is described?

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The variance described is a cost volume variance which occurs when actual sales volume differs from the budgeted sales volume

This type of variance leads to a difference in the expected and actual costs of goods sold. In this case, the actual sales volume of 10,000 units was the same as the budgeted sales volume of 10,000 units, but the actual cost of goods sold was $5,000 higher than the budgeted cost of goods sold.

This indicates that the actual cost per unit of goods sold was higher than expected, leading to an unfavorable variance of $5,000. This could be due to factors such as higher-than-expected material costs, labor costs, or overhead costs.

To address this variance, management will need to review the reasons for the higher costs and make changes to the budget or the manufacturing process to reduce costs in the future.

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Answer:

An unfavorable variance of $5,000 in cost of goods sold is determined by comparing the actual results (10,000 units) and the flexible budget (10,000 units). What type of variance is described?

- Spending variance

An unfavorable variance of $5,000 in sales is determined by comparing the flexible budget (9,000 units) and the planning budget (10,000 units). What type of variance is described?

-Activity variance

Explanation:

an interest rate is 5% per annum with continuous compounding. what is the equivalent rate with semiannual compounding?

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The equivalent rate with semiannual compounding is 5.13% per annum.

Semiannual compounding is a type of compounding where interest is calculated and added to the principal balance of an investment twice a year.

This method of compounding is most commonly used in investments such as bonds, where the interest is added to the principal balance at the end of six-month intervals. This allows the principal balance to increase over time, resulting in higher overall returns.

To calculate this, we use the formula:

r(semiannual) = (1 + r(annual))^(1/2) - 1

Where r(semiannual) is the equivalent rate with semiannual compounding and r(annual) is the rate with continuous compounding.

Therefore, r(semiannual) = (1 + 0.05)^(1/2) - 1 = 0.0513 which is equivalent to 5.13% per annum with semiannual compounding.

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Variable costs as a percentage of sales for Protoveo Inc. are 65%, sales are $500,000, and fixed costs are $125,000. How much would operating income change if sales decrease by $10,000 ?
a. $3,500 increase b. $3,250 increase c. $3,500 decrease d. $3,250 decrease

Answers

The correct answer is d. $3,250 decrease. For Protoveo Inc., variable expenses as a share of sales are 65%, revenues are $500,000, but fixed expenses are $125,000. What would happen to operating Protoveo if sales dropped by $10,000.

Sales minus variable expenses (80,000-20,000) equals 60,000 to determine the contribution margin. Then, 60,000/80,000=75%. For Protoveo Inc., variable expenses as a share of sales are 65%, revenues are $500,000, and fixed costs are $125,000. Calculate a 40% profit by dividing the cost by 40. Divide the cost by.80 to get a 20% profit, etc. Iverson's contribution margin is 60%, thus in order to break even ($60,000 loss divided by 60% contribution margin) the company must either decrease its fixed expenditures by $60,000 or raise sales by $100,000. Steven Bragg on July 9, 2022; 09-Jul-2022

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Technical AnalysisThis is the price, MACD and slow stochastics of Apple. The time period is 2019/05/20 to 2020/05/20.1, What is the support and resistance?2, Explain what the MACD is.3, Indicate when the MACD indicates a buy or sell. Label and highlight them.4, Does stochastics indicate a buy or sell currently? Why or why not?5, In retrospect, based on the chart blow, what kind of mindset do you need from a technical perspective so that you may catch AAPL's rise from 320 to the current 505 per share? In other word, what do you learn w.r.t. support/resistance, or MACD in this case?

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Technical analysis is a marketing technique that aids investors evaluate investments and uncover trading strategies by researching statistical trends gathered from traders, such as market movements and volume.

Unlike financial analysis, which aims to predict a security's value based on financial measures like sales and earnings, data analysis concentrates on the analysis of price and volume. Technical analysts claim that past trading activity and sales prices can be effective indicators of future market volatility for an asset. Fundamental analysis is based on a business's financials as oppose to price action, which focuses on sudden price patterns and trade trends. Technical methodologies are used to assess how demand and availability affect variations in price, volume, and variance.

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(b) determine the quantity demanded when the unit price is set at p = $7.

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In economics, quantity demanded refers to the total amount of a good or service that consumers demand during a given period of time.

The quantity demanded depends on the price of a good or service in a market. You use the demand formula, Qd = x + yP, to find the demand line algebraically or on a graph. In this equation, Qd represents the number of hats demanded, x represents the quantity, and P represents the price of the hats in dollars. A demand function is defined by p=f(x), p = f(x), where p measures the unit price and x measures the number of units of the product in question, and is generally characterized as a decreasing function of x; that is, p=f(x) p = f ( x ) decreases as x increases. The market demand function represents the total quantity of a good demanded by all individuals at each price. It is obtained by adding horizontally the demand curve of each consumer. For each price, the quantity demanded by each consumer is added horizontally to obtain the total quantity demanded in the market.

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which of the following actions would be likely to shorten the cash conversion cycle? a. begin to take cash discounts on inventory purchases; the terms are 2/10 net 30. b. adopt a new manufacturing process that saves some labor costs but slows down the conversion of raw materials to finished goods from 10 days to 20 days.

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The option a. Taking cash discounts on inventory purchases (2/10 net 30) would be likely to shorten the cash conversion cycle.


The cash conversion cycle (CCC) measures the length of time it takes for a company to convert its investments in inventory and other resources into cash. A shorter CCC is generally desirable because it means that a company is able to generate cash more quickly and efficiently.

Taking cash discounts on inventory purchases (2/10 net 30) can shorten the CCC by allowing the company to pay its suppliers more quickly and receive payment from its customers more slowly.

The terms 2/10 net 30 mean that the company will receive a 2% discount if it pays its bills within 10 days, otherwise it must pay the full amount within 30 days. By taking advantage of the discount, the company can reduce the amount of time it takes to pay its suppliers and thus reduce its CCC.

Hence , correct option is A.Taking cash discounts on inventory purchases (2/10 net 30)

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why do investors require that the firm's cost of equity exceed its cost of debt?

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Investors demand that the company's cost of equity surpass its cost of debt due to the tax benefits associated with interest payments.

Depending on the parties involved, there are two distinct ideas referred to as the "cost of equity." The required rate of return on an equity investment, if you're the investor, is known as the cost of equity. If you are the business, the required rate of return on a certain project or investment is determined by the cost of equity. A business can raise cash using either debt or equity. Debt is less expensive, but the corporation has to repay it. Although equity does not require repayment, it typically costs more than borrowed capital because interest payments are tax deductible.

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a period when business activity begins to speed up in the business cycle. is called

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A period when business activity begins to speed up and expand is referred to as an "economic expansion" or a "business cycle expansion."

This is a time when the overall level of economic activity in a country begins to grow and companies experience increased demand for their products and services.

During an economic expansion, business activity typically increases as people have more disposable income to spend on goods and services, and companies begin to invest more in new projects and expand their operations.

This increased activity creates jobs and drives economic growth, leading to increased consumer confidence and spending.

It's important to note that business activity does not always remain at high levels, and the business cycle includes periods of growth as well as periods of contraction, when economic activity slows down.

The business cycle is a continuous pattern of expansion and contraction, and understanding these trends can help individuals, businesses, and governments make informed decisions.

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Ruby established an inter vivos irrevocable trust earlier this year that gave her husband, as the sole income beneficiary, a lifetime right to all income payable on an annual basis. Ruby named her children as remainder beneficiaries. She also gave her husband a general power of appointment over all trust assets during his lifetime and at his death. She funded the trust with $1,000,000 in cash and assets.

Which one of the following most closely approximates Ruby's taxable gift for this transfer?

A) $1,000,000

B) $500,000

C) $0

D) $345,800

Answers

Ruby's taxable gift for this transfer is most likely $0. An inter vivos irrevocable trust is a type of trust that is established during the grantor's lifetime and cannot be revoked by the grantor.

The grantor typically retains no further control over the trust assets, but may still have some limited rights such as the right to receive income from the trust.

In this case, Ruby has given her husband a lifetime right to all income payable from the trust and has also given him a general power of appointment over the trust assets. This means that her husband has a significant degree of control over the trust assets, which would generally result in a taxable gift.

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the idea of an economic tradeoff means that the idea of an economic tradeoff means that to achieve one end we must sacrifice the other. there is no such thing as a free lunch. there is an opportunity cost to most resource allocations. all of the above.

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The idea of an economic tradeoff means that the all of the above are:

To achieve one end we must sacrifice the other.There is no such thing as a free lunch.There is an opportunity cost to most resource allocations. Thus, option (d) is correct.

What is economic?

The term economic refers to the process of production, distribution, and consumption activities. The main components of economies are products and services. The primary sector of the economy is the industrial sector. The family (consumption) and company (product sales) are both parts of the economy.

To accomplish one aim, we must forfeit the other, according to the concept of economic trade. There is nothing as a free lunch, and most resource allocations come with an opportunity cost.

As a result, the significance of the economic are the aforementioned. Therefore, option (d) is correct.

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what factors make a project high risk?

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A high-risk project is one that is highly visible, has far-reaching implications both inside and outside the organization, and significantly threatens the ability of the project team to perform.

As project managers, we use an extensive toolkit of best practices to identify, analyze, and monitor project risks. Based on financial risk management principles, this toolkit is highly effective in managing stakeholder expectations, developing early warning systems, and setting emergency budgets and plans (Kendrick, 2007).

Traditional project management methods, contingency planning, and risk transfer are often relied upon to mitigate risk. For most of our projects, these proven methods instill the vision, confidence and courage to accomplish.

Political Presence (“High Visibility”) includes how project outcomes affect the personal status and credibility of key stakeholders. Rebuilding the space shuttle program in the face of the Columbia disaster was a project with considerable political explosiveness. Like the space shuttle program, high-risk projects face complex networks of political interest groups with individual agendas, challenging business cases, and often hostile public perceptions.

Managing the political risk inherent in high-risk projects becomes the project manager's full-time job (Laird, 2007). Project leaders provide stakeholders with a clear vision, understand how the vision aligns with stakeholder values, and how project decisions directly affect stakeholder values. should be monitored.

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what type of mco does not use primary care physicians as gatekeepers and seeks to improve health care and reduce costs by using groups of physicians, hospitals, and other health care providers to coordinate cost-effective, quality health care and to reward positive patient outcomes by sharing cost-savings with providers?

Answers

This type of Managed Care Organization (MCO) is called an Accountable Care Organization (ACO).

An Accountable Care Organization (ACO) is a type of managed care organization in the US healthcare system. It aims to improve healthcare quality and reduce costs by having groups of physicians, hospitals, and other healthcare providers work together to coordinate cost-effective and high-quality care for patients.

In an ACO, the providers are incentivized to deliver positive patient outcomes and are financially rewarded with a share of the cost savings generated from their efforts. Unlike traditional managed care models that use primary care physicians as gatekeepers, ACOs do not have this requirement and focus on coordinating care across the entire healthcare system

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what part of the social communication model is not a part of written communication?

Answers

Answer: The noise and Feedback portion are not the part of written communication model.

Explanation:

The audience can not talk back when someone write a note. The noise and feedback portion is not the part of written communication model because audience is not present to hear the message in person.

The noise and feedback components are not part of the communication model described. Only the feedback part is missing. Even if you write a note, the audience cannot reply.

My audience is not present to hear the messages in person, so the noise and feedback portion is not part of the written communication. If someone writes a note, the audience cannot react. The noise and feedback part is not part of the written communication model. Because the audience isn't there to hear the message in person. social communication model. You, the sender, have an idea. Put those thoughts into words (coding). The message leaves your mouth and is decrypted (processed) by your colleague who is the recipient. The recipient determines the meaning of your words as a result of this decoding process.

Social communication model. Communication suggests a linear process. There is a message sender - let's say you speak. You put your thoughts into words.

Potential problems with social communication models include information overload, distraction, inefficiency, and the challenge of maintaining a healthy work-life balance.

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a river tubing company rents tubes to go down the river. a one person tube rents for $20 and a tube that holds a cooler rents for $12.50. a group spends $270 to rent a total of 15 tubes. how many tubes of each kind did they rent?

Answers

Rental prices for a tube that fits one person are $20 and $12.50, respectively. The cost of renting 15 tubes for a group is $270. 11 one-person tubes and 4 cooler tubes, totalling 15, were employed by the organisation.

Let x be the quantity of cooler tubes and y be the quantity of one-person tubes. X + Y = 15 tubes were rented in total. The one-person tubes cost a total of 20x, while the cooler tubes cost a total of 12.50y. The tubes cost $270 in total (20x + 12.50y). These two equations may be used to find the answers to x and y. First, we'll change the second equation to read y = 15 - x: 20x + 12.50(15 - x) = $270. This calculation may be simplified to 20x + 187.50 - 12.50x = $270. Last but not least, we may find x by taking 7.50x away from both sides: 7.50x = $82.50, and x = 11. As a result, the group hired 4 cooler tubes and 11 one-person tubes totaling 15.

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the financial sector of u.s. business is the provider of loanable funds and the user of loanable funds. multiple choice question.

Answers

The financial sector of the US business is the largest provider of loanable funds and the largest user of loanable funds.

What is financial?

Financial refers to or concerns money. The corporation is having financial issues, according to the financial advisors to the government. Synonyms include budgeting, business, and economics. additional words for financial

The financial services sector in the US is estimated to be valued at $4.85 trillion. The industry generated this amount of money as of 2021, and as of that year, it contributed $1.5 trillion to the country's overall GDP or 7.4% of it.

Therefore, The U.S. financial sector is considered the largest provider of funds.

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When assessing a market’s potential an international marketer should consider:
O population, income, consumption patterns and geography
O income, infrastructure and information
O income, infrastructure, information and internationalisation
O consumption patterns, infrastructure and topology
O population, household size, geography

Answers

When assessing a market’s potential an international marketer should consider Population, Income, Consumption Patterns and Geography is the points that marketer consider. (A)

When assessing a market’s potential, an international marketer should consider several factors, including population, income, consumption patterns, and geography. These factors help the marketer understand the size and composition of the market, as well as the potential demand for goods and services.

Understanding the population of a market, including its size, demographic makeup, and growth rate, is important in determining the potential for a product or service.

Income and consumption patterns provide information on the purchasing power and spending habits of consumers in the market, while geography provides information on the accessibility and distribution of the market. These factors are critical in assessing the potential of a market and in developing effective marketing strategies.

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Sanford and Son sells athletic equipment. The following events, related to a special customer order, occur as described below: • September 1, 2019. Sanford receives the special order for 300 football helmets at a selling price of $100 each including delivery at a future convenient time and location. The customer, with whom Sanford has had a long-term trouble-free relationship, pays $5,000 as a deposit, and agrees to pay the rest on delivery. Sanford immediately orders $20,000 worth of helmets from its supplier and pays a $5.000 deposit for them • September 20 2019. Sanford pays a $15,000 balance due to the supplier upon delivery of the helmets to its warehouse • October 1, 2019. The customer calls for delivery of the helmets and pays the balance of $25,000 when they arrive at the customer site. On September 1, 2019, which one of the following accounting entries related to the $30,000 special order, should be recorded in Sanford's financial accounting system? O debit cash $5,000, debit accounts receivable $25,000 credit sales $30,000O debit cash $5,000, credit sales $5,000 debit cash $5,000, O debit accounts receivable $25,000; credit advance from customers $30,000O debit cash $5,000, credit advance from customers $5,000

Answers

For the special order of $30,000, the accounting entries that should be recorded in Sanford's financial accounting system is: debit cash $5,000; debit accounts receivable $25,000; credit advance from customers $30,000. The Option C is correct.

What does special order mean?

A special order transaction is typically used when a customer wishes to purchase an item that is not currently in stock at the store. For whatever reason, the item may be out of stock or unavailable. Any saleable item from the store's inventory can be designated as a special order item.

The journal entry for the $30,000 special order:

Date   Accounting titles                   Debit     Credit

           Cash                                      $5,000

           Accounts receivable            $25,000

                 Advance from customers              $30,000.

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