Identifying the crucial positions in your organization and creating action plans for people to fill them is the process of succession planning.
Explain about the succession planning?To ensure that a business always has the correct leaders in place in case a change occurs rapidly, succession planning is used. If your company doesn't promptly adjust after a key individual quits the company or passes away due to a lack of a planned succession, it may not have a second chance.
The process of building people to take over for executives, leaders, or other key personnel when they change roles, leave the firm, are fired, retire, or pass away is known as succession planning. From the biggest to the tiniest businesses in the for-profit and not-for-profit sectors, it applies to all of them.
By training individuals to fill openings in their organisation as others retire or leave, succession planning identifies crucial jobs within an organization and builds a talent pipeline.
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tool manufacturing has an expected ebit of $89,000 in perpetuity and a tax rate of 23 percent. the firm has $250,000 in outstanding debt at an interest rate of 5.5 percent, and its unlevered cost of capital is 11.4 percent. what is the value of the firm according to m
The firm's value outlines the value of the company from a financial perspective. The company's value serves as a proxy for its net worth. This is the amount that would likely be received if it were sold.
What is net worth?A person or institution's net worth is calculated as the total value of all of its financial and non-financial assets less the total value of all of its outstanding liabilities. Net worth can alternatively be expressed simply as non-financial assets added to net financial assets because financial assets less outstanding obligations equal net financial assets. It can apply to organizations, people, governments, or even entire nations. Economic sectors like the financial sector are also included. Equity is another name for net worth in company. The value of all assets and liabilities is often dependent on their carrying value, which is the amount stated on financial statements. The accuracy of net worth depends on how accurately the balance sheet items reflect their genuine (market) values.
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in proforma analysis, what determines whether or not an account on the balance sheet or income statement is relevant to a project?
In pro forma analysis, If the project causes an account value to change, then it is relevant.
Pro forma analysis:
A pro forma analysis is an analytical forecast of a company's potential financial position based on a review of historical information, operating metrics, and potential cost savings from anticipated changes. A pro forma analysis is typically performed in conjunction with a financial audit.
What should the pro forma include?A pro forma model models the expected outcome of a transaction, with particular emphasis on projected cash flows, net income, and taxes. Therefore, pro forma statements summarize the company's expected future state based on its current financial statements.
Why are pro forma important?A pro forma income statement is important because of the information it can provide to the company. For example, if you are preparing to produce a new item, your financial statements will help you predict whether the production of the new item will increase your costs.
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when membership in an organization allows for a reduction in the price of museum tickets for members of the organization, it is an example of a
It is an example of a material benefit.
By "Material Benefits," we imply the distribution of products or services rather than cash (for instance, administrative services, hospitality, gifts).
A promise that is legally obligatory to the extent required to prevent injustice is one that is made in appreciation of a benefit that the promisor previously received from the promisee.
However, a promise is not enforceable if the promisee gave the benefit to the promisor as a gift or for any other reason where the promisor has not been unjustly enriched, or if the promise's value is out of proportion to the benefit.
When one person bestows a major advantage on another that was not intended to be a gift and the recipient afterwards agrees to pay for the benefit, past consideration may be sufficient under the "Material Benefit Rule."
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claire has created a display remarketing campaign. what's the most likely reason she decided on remarketing? influence consideration build awareness drive action increase clicks
The purpose of remarketing is to drive action.
There are five steps of the consumer's journey that are usually used as a guideline for marketers to maximize the impact of their campaign. The steps are:
Awareness: This is when marketers want to increase customers' attention and understanding of their brand. Consideration: In this step, marketers communicate the brand's unique selling propositions and value in order to entice the customer furthermore Action: This is when the customers finally take action and purchase the brand's products and services.Enjoyment: This is when a customer is finally experiencing the brand promise they were offered. Advocacy: This is when the enjoyment step goes well, and the customers then decide to spread the word about the product/service they just tried.The first three steps are the steps that can be incorporated into a company's strategy. The marketing strategy usually starts with building awareness and influence consideration to increase customers' awareness of the brand and increase traffic to the brand's social media.
Remarketing is needed when the customers are already familiar with the brand's offer and need a little push to drive them to action.
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if $84,000 is invested in an annuity that earns 5.7%, compounded quarterly, what payments will it provide at the end of each quarter for the next 6 1 2 years? (round your answer to the nearest cent.)
If you invest 84,000 into an annuity at 5.5% per year compounded quarterly for 5.5 years, you will be able to extract $4450.75 at the end of each quarter.
Investment? Why do you say that?An investment is something that is purchased with the goal of earning money or gaining fame. An investment in the future of the economy refers to the acquisition of goods that will not be used right away but instead be used to generate wealth in the future.
Why do people invest?Investing is a smart way to put your money to work and could make you richer. If you make smart investing choices, your money may increase in value and outpace inflation. The key factors contributing to investing's increased growth potential are the power of compounding and the trade-off between risk and return.
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Gross profit does not appear O to be relevant in analyzing the operation of a merchandising company. O on the income statement if the periodic inventory system is used because it cannot be calculated. O on a service company income statement. O on a merchandising company income statement.
Gross profit does not appear on a service company income statement. Gross profit is the amount of revenue generated by sales after accounting for the cost of goods sold.
Gross profit is the amount of money a business makes after deducting costs for producing, distributing, and selling its goods or services. A company's income statement will show gross profit, which is derived by deducting cost of goods sold (COGS) from revenue (sales).
However, paying close attention to a company's COGS will help you comprehend its gross profit. Product businesses often have lower gross margins since their COGS are higher than those of services businesses.
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if the marginal propensity to save is 0.68 and the initial decline in in investment is $580, by how much will aggregate demand eventually decrease?
If the marginal propensity to save is 0.68 and the initial decline in in investment is $580, 429.20 will be decrease in aggregate demand.
What is Aggregate Demand?
Aggregate demand is a measure of aggregate demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount exchanged for those goods and services at a particular price level and point in time.
Calculating the problem:Multiplier= 1/(MPS+MPI)=1/(0.68+0.68)=1/1.36= 0.74
Fall in Aggregate demand= Multiplier ×Change in investment
=$ 0.74× $580
= 429.2 billion.
What determines aggregate demand?Aggregate demand is the sum of four factors: Consumption, investment, government spending, net exports. Consumption can change for a variety of reasons, including income fluctuations, taxes, expectations of future income, and changes in wealth levels.
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springs p and q are identical and each has spring constant k. spring r has spring constant 3k. what is the increase in the overall length of the arrangement when a force w is applied as shown?
This numerical based on spring mass system . The correct option is A.
For springs in series and in parallel, the following formulae for the effective spring constant apply:
In parallel: effective spring constant, keff = k1 + k2 + ….
In series: effective spring constant, 1/keff = 1/k1 + 1/k2 + ….
For springs P and Q (each having spring constant k),
k1eff = k + k = 2k
For the effective spring constant of the whole system,
1 / keff = 1/2k + 1/3k (since spring R has spring constant 3k)
keff = [1/2k + 1/3k]-1 = 6k / 5
Hooke’s law: F = keff e
Extension e = W / keff = W / (6k/5) = 5W / 6k
The question is incomplete, the complete question is
A) 5W/6k
B) 4W/3k
C) 7kW/2
D) 4kW
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part 1: determine the number of units started and finished during july part 2: determine the costs transferred out to finished goods using fifo part 3: determine the equivalent units for conversion costs using weighted average part 4: determine the cost per equivalent unit for conversion costs using weighted average part 5: determine the costs transferred out to finished goods during july using weighted average
The equivalent units estimated for units begun and finished will be multiplied by the cost per equivalent unit for materials, labor, and overhead to get the costs of units started and completed.
In contrast to FIFO (First-In, First-Out), which multiplies the cost of your oldest inventory by the amount of inventory sold, LIFO (Last-in, First-Out) involves multiplying the cost of your most recent inventory by the number of products sold.
You may simply multiply the number of physical goods by the amount of effort done on them to determine equivalent units. You would have one comparable unit for two objects that are each 50% complete.
By dividing the total expenditures by the total equivalent units, you can get the cost per equivalent unit. The price of the items that are for sale is divided by the quantity of those units that are still on the shelf to get the weighted average model.
The weighted average cost per unit that results from this computation may then be used to determine the cost of terminating inventory and the cost of goods sold.
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in recent years, a number of pooled ownership structures have emerged that have changed the analysis of ownership form selection for many investors. which of the following ownership structures is generally used for small, local investments that are marketed to accredited, but non-institutional investors?
The ownership structures that is generally used for small, local investments that are marketed to accredited, but non-institutional investors is limited liability company.
Investments:
In economics, investment means an asset or item accrued with the goal of generating income or recognition.
Given,
In a recent years, a number of pooled ownership structures have emerged that have changed the analysis of ownership form selection for many investors.
Here we need to find the ownership structures is generally used for small, local investments that are marketed to accredited, but non-institutional investors.
While we analyzing the given question, we have identified that the given frim is small and has pooled ownership structures.
Based on these aspect the only ownership option is limited liability company.
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How are credit unions different from banks ?.
The goal of credit union operations is to advance the welfare of their members. Credit unions return its profits to their members in the form of cheaper fees, higher savings rates, and lower interest rates on loans.
What are the difference between credit union from bank ?The goal of credit union operations is to advance the welfare of their members. Credit unions return its profits to their members in the form of cheaper fees, higher savings rates, and lower interest rates on loans.
You can expect to get more affordable services and better interest rate choices at credit unions for both loans and deposits. Banks are anticipated to offer more services and goods as well as more sophisticated technologies.
Banks typically charge more fees than credit unions. This is as a result of their non-profit organizational setup and tax-exempt status. Credit unions are able to reinvest their profits into their members rather than paying shareholders, which reduces the need to impose fees like overdraft fees.
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Which of the following is not a way inventory affects performance measures?
A) Dividends
B) Return on investment
C) Ratio of inventory to sales
From the given options inventory performance measures does not affects by Dividends. The option A is correct.
What do you mean by Inventory?Inventory are the stock held by an entity during the year and includes all type of goods such as raw material in stock, work in progress (WIP), finished goods, procured from supplier with a view to trade or sell or transfer in an ordinary course of business but does not include intangible form of assets.
All the goods and supplies that a firm keeps on hand in anticipation of selling them for a profit are referred to as inventory.
Thus, ratio of inventory to sales and return on investment has a nexus with its performance to analyze the company growth.
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which of these are advantages of centralized management using directory services? check all that apply.
All of these are advantages of centralized management using directory services.
There are several advantages to centralized management using directory services:
First, it can help to reduce the overall cost of ownership for an organization. Second, it can help to improve security and compliance with regulatory requirements. Third, it can improve the efficiency of IT operations. Finally, it can provide better visibility into the organization's IT infrastructure.What is centralized management through directory services?Directory services provide a centralized way to manage users, groups, and other resources in an organization. By storing information about these resources in a central location, directory services make it easier for administrators to manage and control access to them.
Additionally, directory services can provide a single point of authentication for users, making it easier for users to access the resources they need.
The complete question:Which of these are advantages of centralized management using directory services? check all that apply.
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TRUE/FALSE southern industries:a realistic simulation of substantive testing for accounts receivablea step-by-step student guide to auditing accounts receivable
The statement is true. A Simulated Substantive Test for Receivables in Real Life A Student's Step-by-Step Guide to Accounts Receivable Auditing
What is a substantive test ?The auditor's substantive procedures are the actions taken to find serious fraud or misstatement at the assertion level. Existence, rights and obligations, validity, and completeness are the various balanced assertions.The two types of substantive processes are tests of detail and analytical procedures. In general, analytical procedures offer less trustworthy evidence than the tests of detail. While tests of detail are only used in the substantive testing stage, analytical procedures are employed during multiple distinct audit phases.Management implies that the account balances and underlying classes of transactions are materially complete, valid, and accurate and do not contain any material misstatements. Auditors conduct what are known as substantive procedures to gather proof for these claims.To learn more about substantive test refer :
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carl's television stopped working just before the big game and he did not have enough money to purchase another television. he knew that a motel near his workplace had recently purchased very nice televisions for all of the rooms in the hotel. these television sets cost $1000.00 each, but the fair market value of the used television sets is only $200.00. carl goes to the motel at 5 pm, opens the unlocked door of one of the rooms (which was rented out by a guest but was not currently occupied because the guest was at dinner with her grandma who had alzheimer's), and enters the room. he then picks up the television and starts to take it out of the room, but then hears people coming, drops the television, and runs away. carl is subsequently arrested and arraigned for burglary. assume that the crime of burglary requires that the following elements must be met: breaking and entering of a dwelling in the nighttime with an intent to commit a felon therein. additionally, assume that felony larceny applies if the value of the property exceeds $250.00. also assume that there are no cases that have interpreted the statute and no statutory definitions that apply.
Carl's Television Assume that there are no cases that have interpreted the statute and no statutory definitions that apply.We know 18 televisions sets contains 3 defective.
sets => 15 TV sets are ok.So the total number of possible ways for the hotel to buy = C = 43758
At least one of the defective sets, SO we need to find the probability for 1 defective sets, 2 defective sets and 3 defective sets.1. The number of ways the hotel purchases 8 of these televisions sets but have 1 defective one:P() = C * C =6435*3 = 19305
2. The number of ways the hotel purchases 8
of these televisions sets but have 2 defective
one:P(2) = C C = 5005*3= 15015
3. The number of ways the hotel purchases 8
of these televisions sets but have 3 defective
one:P(3) = C5 *=3003*1 = 3003
So the probability that the hotel receives at least
one of the defective sets =(P() + P(2) + P(3) ) /P= (19305 +15015 +3003 ) /43785*100% = 85.29%.
The number of ways the hotel can receive at
least one defective set in a purchase of 8 sets is
calculated using the combination.
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a common measure of implicit attitudes is the task. this assesses how quickly a person can label the valence of an attitude object when it appears immediately after a positive or negative image.
"Evaluative priming" refers to how quickly a person can identify an attitude object's valence when it appears right after a positive or negative image.
Define the term evaluative priming?A technique known as a "evaluative priming exercise" (EP) uses phrases or images to prime participants before asking them to sort the words (or images) onto categories to uncover the underlying links between concepts.
A measure of implicit attitude based on the fact that the speed of evaluating a target attitude object is accelerated by a prime (i.e., this same prior presentation of a different attitude object) Evaluatively consistent the with target and inhibited by such a prime which is evaluatively inconsistent also with target.Thus, the task is a typical indicator of implicit sentiments. "Evaluative priming" measures how quickly a subject can categorize the valence of the an attitude item when it appears just after a favorable or unfavorable image.
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jose has been asked to conduct a needs assessment for an operational department. what is the first step he should take?
Jose needs to offer an idea.
What is operational assessment?An operational assessment examines the current procedures, tools, systems, formats, personnel, stock mix, operating procedures, and other factors of an operation in order to identify areas for improvement.
A company must conduct a needs analysis in order to identify any gaps that could be hindering it from achieving its preferred goals.
"Non-procedural based requirements that consume staffing resources" is how operational needs are defined. They differ from indirect-effort activities in that they are significantly more operational in nature and further removed from the testing process.
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How are subsidized similar to tariffs?.
In the absence of distortions or policy objectives directly related to trade, it is a well-established tenet of trade theory that subsidies are preferable to tariffs for achieving any economic or non-economic goal.
What is meant by tariff ?A tariff is a tax or duty levied by the government of a nation on goods that enter the nation (imports) or leave it (exports). A tariff is also a government's list of levies levied on imports and exports. To tariff can also mean to be taxed.
The best form of government intervention is a subsidy where there is little taxation distortion and significant demand in comparison to the cost difference. A tariff is the best type of policy tool when the cost difference is large compared to the size of the market or the degree of distortion is high.
A tariff is a tax imposed on an imported good with the intention of restricting trade as well as raising money for the government. A quota is a cap on the quantity of an imported good.
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Creating a successful online lead-generation strategy how to generate online business leads.
marketing using content. Whether you're a B2B or B2C company, content marketing is the best technique to naturally generate business leads online: Landing pages, website optimization and SEO, email marketing, social networking, webinars, review sites, online public relations, and PPC (pay-per-click) advertisements are some examples.
What does the term "business lead" mean?Some businesses define a "lead" as a contact that has already been identified as a potential customer, whilst other businesses define a "lead" as any sales contact. But regardless of definition, a lead has the potential to develop into a client in the future. Generally speaking, depending on the industry, you can anticipate spending between $40 and $200 per lead. Cost Per Appointment — You can set up appointments with some lead generation companies. They'll only bill you for each session they schedule for your company, rather than a retainer or a cost per lead.
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the drawback of centralized inventory is the long distance to customers, which typically extends lead times and results in higher transportation costs.
The above mentioned statement is true .
What Does Centralized Inventory Mean?Inventory held in a single hub by a business and distributed to clients over a wide area is referred to as centralised inventory. While multiple storage areas are employed for various product categories, central inventory systems frequently use just one single, massive warehouse and don't have distinct buildings or locations for various products. The same personnel manage all inventory, and the same transportation methods are used. When you replenish your store's inventory and handle any phone or online orders from one central location, that is what it means in the retail industry. The placement of your consolidated inventory hub could be on-site (in your store, for instance) or at a warehouse off-site.
What are the Benefits of Centralized Inventory?There are several advantages to centralising your inventory for your operations and business teams. But the advantages that have the biggest effects on your company ultimately depend on your particular procedures, demands, and operations.
Retailers with only one store or a focus on e-commerce stand to benefit the most from centralised inventory, according to Jacquie Young-Sterling, director of customer experience at retail audit company Compliantia. "Since they only pack and ship, they have a lot fewer logistics concerns than a retailer with multiple locations and can manage their entire operation from their warehouse.
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What are benefits of a command economy?.
In a planned economy, production, allocation of capital goods, and investment all occur in accordance with broad-scale production and economic plans.
What is command economy?In a planned economy, production, allocation of capital goods, and investment all occur in accordance with broad-scale production and economic plans. Centralized, decentralized, participative, or Soviet-style economic planning are all possible in a planned economy. As an alternative, a command economy is one in which all factors of production are controlled by a centralized government that controls most, if not all, firms. Command economies can be seen in the former Soviet Union, North Korea, and East Germany. A command economy is one in which the means of production are under the control of a single, centralized authority. Command economies are in contrast to free-market economies, where output and prices are determined by the laws of supply and demand.To learn more about command economy refer to:
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Cranston Corporation makes four products in a single facility. Data concerning these products appear below:
Products A B C D
Selling price per unit $ 42.30 $ 50.00 $ 37.60 $ 33.50
Variable manufacturing cost per unit $ 20.80 $ 30.70 $ 21.00 $ 19.90
Variable selling cost per unit $ 2.70 $ 2.10 $ 1.00 $ 2.40
Milling machine minutes per unit 3.30 4.10 2.60 1.30
Monthly demand in units 1,000 4,000 3,000 3,000
The milling machines are potentially the constraint in the production facility. A total of 28,200 minutes are available per month on these machines. Up to how much should the company be willing to pay for one additional minute of milling machine time if the company has made the best use of the existing milling machine capacity? (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
$4.20
$11.20
$18.80
$0.00
The company should be willing to pay up to A. $4.20 (contribution margin per milling minute for Product B) for one additional minute of milling machine time, after making the best use of the existing capacity in producing Products D, C, and A.
What is the contribution margin per limited resource?The contribution margin per limited resource or factor is the quotient of the contribution margin per unit for each product and the number of scarce resources required per unit of the product.
Usually, the contribution margin per unit is the sales price less the variable costs per unit.
The contribution margin per limited resource is computed because of the constraints posed by limited factors of production.
Products A B C D
Selling price $ 42.30 $ 50.00 $ 37.60 $ 33.50
Variable manufacturing cost $ 20.80 $ 30.70 $ 21.00 $ 19.90
Variable selling cost $ 2.70 $ 2.10 $ 1.00 $ 2.40
Contribution margin $18.80 $17.20 $15.60 $11.20
Milling machine minutes 3.30 4.10 2.60 1.30
Contribution margin per milling
machine minute $5.70 $4.20 $6.00 $8.62
Monthly demand in units 1,000 4,000 3,000 3,000
Schedule of Production:Product Milling Machine Minutes
Product D 3,900 (1.3 x 3,000)
Product C 7,800 (2.6 x 3,000)
Product A 3,300 (3.3 x 1,000)
Product B 16,400 (4.1 x 4,000)
Total milling machine minutes required = 31,400
Available milling machine minutes = 28,200
Shortage in milling machine minutes = 3,200 minutes for product B (31,400 - 28,200)
Thus, having fully used up the limiting factor (milling machine minutes) in producing Product D, C, A, and some parts of Product B, the company can pay outside vendors up to $4.20 to obtain one unit of milling machine minutes to produce the remaining number of Product B.
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TRUE/FALSE. goodwill is the most common intangible asset, and can only be recorded at the time a business is purchased. it's amortized over 15 years.
Goodwill is the most common intangible asset, and can only be recorded at the time a business is purchased. it's amortized over 15 years. The given statement is false.
Any monetary or non-financial item that cannot be physically touched is considered an intangible asset. Such an asset is recognisable when it is separable or when it results from a legal right, whether it be contractual or otherwise. An asset that doesn't have any physical components is said to be intangible. Examples include software, patents, copyright, franchises, goodwill, and trademarks. As opposed to material and financial assets, this. It is typically quite challenging to value an intangible asset.
Business refers to the activity of creating, purchasing, and reselling goods in order to support oneself financially. Additionally, it includes "any activity or enterprise undertaken for profit. The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.
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When a manufacturer offers a ________, a customer buys a product from a manufacturer's dealer within a specified time period, and the manufacturer sends the customer a check.
A) cash rebate
B) quantity discount
C) promotional allowance
D) flash sale
E) functional discount
A
When a manufacturer offers a cash rebate, a customer buys a product from a manufacturer's dealer within a specified time period, and the manufacturer sends the customer a check.
Cash rebates are payments made to customers who make purchases from merchants within a predetermined window of time. These rebates enable merchants to move inventory without having to lower list prices.
The words cash rebate and cashback are thrown about by banks in their marketing campaigns. Both terms effectively imply the same thing—for example, a 5% cash back/cash rebate implies that if I spend $100, I would receive $5 back—but the mechanics on the backend are completely different.
Hence the correct option is A
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when professionals with hub mvss listen to business presentations, they respond best to which of the following? (choose every correct answer.)
Professionals with hub mvss respond to business presentations most effectively when
Language that presents several options
Presentations that hold clear business logic
Most of the time, the purpose of a business presentation is to convey a particular idea, message, or sell a service or a product. This implies that presentations made for corporate organizations center on a single objective or key message. While this is happening, academic presentations are made to impart knowledge on a particular subject.
The elevator pitch is a brief, educational, and incredibly adaptable type of presentation that is used frequently in business. It takes its name from the business world, where you occasionally only have time while riding in the elevator to pitch your idea and convince a potential investor.
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In addition to the financial statements and notes, which two of the following items must be prepared to meet the minimum requirements for external financial reporting?
Select one or more:
a. Statistical data
b. Management's discussion and analysis
c. Combining statements for nonmajor funds
d. Required supplementary information
e. Schedules showing object-of-expenditure data for major departments or programs
b&d
Option B Management's discussion and analysis and Option D Required supplementary information.
What is external financial reporting?
Providing prospective investors and shareholders with periodic financial updates is a practice known as "external financial reporting." In order for investors to make an investment decision, the reports primarily consist of financial statements and other pertinent information about the company.Management's discussion and analysis: Executives evaluate the performance of the company in the management discussion and analysis (MD&A) portion of the annual report or quarterly filing of the corporation. A discussion of compliance, risks, and future plans, such as objectives and new initiatives, might also be included in this part.Required supplementary information: A designated accounting standard-setter (such as the FASB or GASB) may specify additional information that must be provided in addition to the basic financial statements as required supplementary information (RSI). The fundamental financial statements don't include RSI.To learn more about external financial reporting:
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after loading the yelp business data into tableau, assume we drag the following two measures up to the row and column shelves respectively:
After loading the yelp business data into tableau, assume we drag the following two measures up to the row and column shelves respectively The Name field from the business data.
How does Yelp data work?
The Yelp dataset is a portion of Yelp's listings, testimonials, and user information that has been made available to the public for use in research, education, and other academic endeavors.
What sort of company is Yelp?
Yelp is one of the best review websites for promoting local companies. You may draw in new consumers and respond to customer feedback to enhance your business by being on Yelp. On Yelp, you can create a listing for your company and respond to critical reviews.What information does Yelp gather?
When you use the Service, p collects a variety of categories of personal data, such as identifiers, commercial information, internet or other electronic network or device activity information, geolocation data, and professional information.
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What is opportunity cost select the best answer?.
The profit that is lost when one alternative is picked over another is known as the opportunity cost.
What is the best meaning of opportunity cost?Opportunity Cost occurs when the best alternative's value is diminished as a result of a decision. The opportunity cost is what you lose, for instance, if you choose electricity over gas.
The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost."
The opportunity costs of using a company's resources that could be employed for other reasons are known as implicit costs, also known as implied, imputed, or notional costs.
The actual dollar cost of any purchase is not what matters most. Instead, it's the opportunity cost, or the value of the investment you would have made but instead chose to purchase something else with your money.
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If the two firms agree to act like a monopolist and split the market, they will each produce 150 units at a price of $50, creating a total of 300 units in the market. Which of the following statements is true?
If they each produce 150 units, each firm will earn revenue of $7,500.
If Firm A decides to increase production by 50 units under the assumption that Firm B will continue to produce 150 units, Firm A's revenue will be $8,000.
If both Firm A and Firm B increase production by 50 units, they will each earn revenue of $6,000.
The statement If they each produce 150 units, each firm will earn revenue of $7,500 is true. The correct option is a.
What does earning revenue mean?
Revenue earning means the money generated from normal business operations, calculated as the average sales price times the number of units sold. It is the top line or gross income figure from which costs are subtracted to determine net income.
Non-business entities such as governments, nonprofits, or individuals also report revenue, though calculations and sources for each differ.
There are different ways to calculate revenue, depending on the accounting method employed. Accrual accounting will include sales made on credit as revenue for goods or services delivered to the customer.
Revenue is also known as sales on the income statement.
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when it comes to measuring brand equity, which type of research is particularly helpful in identifying the sources of brand equity and its role in consumer decisions? brand recognition research brand recall surveys quantitative research qualitative research product development research
In measuring brand equity, the type of research that is particularly helpful in identifying the sources of brand equity and its role in consumer decisions is the qualitative research. The Option C is correct.
What is a qualitative research?A qualitative research refers to the type of research that relies on data obtained by the researcher from first-hand observation, interviews, questionnaires in which participants write descriptively), focus groups, participant-observation, recordings made in natural settings, documents, case studies, artifacts etc.
In marketing, the qualitative research entails studying of the factors that influence people's behavior within a specific market.
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