True. The total amount of consumer surplus in a market is equal to the area below the demand curve and above the equilibrium price.
This is because consumer surplus represents the difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay. The demand curve shows the various prices that consumers are willing to pay for a certain quantity of the good or service, and the area below the demand curve represents the total value that consumers place on the good or service.
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employers can avoid heavy-handed scrutiny of employees by . multiple choice question. establishing an open-door policy working to develop the trust of their workers instituting a careful hiring process closely monitoring day-to-day operating data
The best way for employers to avoid heavy-handed scrutiny of employees is by working to develop the trust of their workers. Instituting an open-door policy can be helpful, but it is not enough to build trust and prevent micromanaging.
A careful hiring process can also be useful, as it can ensure that employees are a good fit for the company's culture and goals. However, even the most carefully selected employees will not perform to their full potential if they feel that their employer does not trust them or respect their abilities. One of the most effective ways to build trust with employees is to involve them in decision-making processes and give them a sense of ownership over their work. This can be accomplished by delegating responsibility, providing opportunities for professional development, and recognizing and rewarding good performance. When employees feel valued and supported, they are more likely to work hard and take ownership of their tasks, which can lead to better results for the company as a whole.
In addition, it is important for employers to be transparent and communicative with their employees. This means sharing information about the company's goals, plans, and challenges, as well as providing regular feedback and recognition for good work. When employees are kept informed and feel that their contributions are valued, they are more likely to be engaged and motivated in their work.
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major account executive katrina is visiting another country, and soon discovers that her customers will not talk about business until the group has dined together for several hours. katrina would show cultural sensitivity by:
Major account executive Katrina would show cultural sensitivity by respecting and understanding the cultural norms and practices of her customers in the foreign country. She can start by researching the country's customs and traditions before her trip and familiarizing herself with the local business etiquette.
In the scenario provided, Katrina should recognize that dining together is an important aspect of building relationships and trust in that particular culture. She should make an effort to participate in the group meal and engage in casual conversation without immediately bringing up business matters.
Katrina can also demonstrate cultural sensitivity by paying attention to nonverbal cues, such as body language and tone of voice, to ensure that she is not offending or disrespecting her customers unintentionally. She should be mindful of her own behavior and avoid behaviors that could be perceived as rude or disrespectful in that particular culture.
Overall, cultural sensitivity involves being open-minded, respectful, and willing to learn about other cultures. By showing cultural sensitivity, Katrina can build stronger relationships with her customers and be more successful in her business dealings in a foreign country.
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compute common-size percents for each company using the data given. if paid a dividend, would retained earnings as a percent of total assets increase or decrease? which company has the better gross margin ratio on sales
The company with the higher ratio has a better gross margin, as it indicates that the company retains more revenue as profit after accounting for the cost of goods sold.
To compute common-size percents for each company, you need to divide each item on the financial statement by total assets. This will give you the percentage of each item in relation to the total assets.
If a company paid a dividend, the retained earnings as a percent of total assets would decrease. This is because when a company pays a dividend, it reduces the amount of money it has in retained earnings, which is a component of total assets.
To determine which company has the better gross margin ratio on sales, you need to compare the gross profit for each company as a percentage of sales. A higher gross margin ratio indicates that the company is able to generate more profit from each sale.
In conclusion, computing common-size percents for each company is important to determine the percentage of each item in relation to total assets. If a company pays a dividend, retained earnings as a percent of total assets would decrease. Finally, to determine which company has the better gross margin ratio on sales, compare the gross profit for each company as a percentage of sales.
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in the short run, fixed cost: a. does not impact a firm's profit level. b. is constant. c. falls as output increases. d. is directly proportional to average variable cost.
In the short run, fixed cost refers to the costs that do not vary with the level of production. These costs are typically incurred by the firm regardless of whether or not they produce any output. Fixed costs include expenses like rent, insurance, and property taxes.
In terms of their impact on a firm's profit level, fixed costs are not directly related to the level of output. This means that a firm's profit level can be impacted by other factors such as changes in variable costs, market demand, and pricing strategies.
While fixed costs do not change in the short run, they can have an indirect impact on profit levels by affecting a firm's break-even point or minimum output required to cover all costs. Therefore, option a. does not impact a firm's profit level is incorrect, as fixed costs can impact profit levels in an indirect manner.
Option b. is constant is correct. Option c. falls as output increases is incorrect. Option d. is directly proportional to average variable cost is also incorrect, as fixed costs are not related to variable costs in this way.
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True/False : in 1974, more than 100 federal agencies were involved in some aspect of risk and disasters.
True, In 1974, more than 100 federal agencies were involved in some aspect of risk and disasters in the United States.
This led to a fragmented and decentralized approach to disaster management and response. Recognizing the need for a more coordinated and efficient system,
the Federal Disaster Assistance Administration (FDAA) was established in 1973 under the Department of Housing and Urban Development (HUD).
The FDAA was later reorganized and became the Federal Emergency Management Agency (FEMA) in 1979, which was tasked with consolidating and coordinating federal efforts in disaster response and recovery.
The creation of FEMA was a response to the challenges and complexities posed by the involvement of numerous federal agencies in disaster-related activities.
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if the fed would no longer have a specific target for the money supply, it would be targeting the
The Fed would target interest rates instead and use open market operations to influence the federal funds rate. This allows the Fed to influence other interest rates and stimulate economic growth or curb inflation.
The Federal Reserve (Fed) would target interest rates instead of a precise aim for the money supply. To affect the federal funds rate, which is the interest rate at which banks lend to one another overnight, the Fed would employ open market operations in this situation to purchase or sell government assets.
The Federal Reserve can affect various interest rates across the economy, including those for mortgages, auto loans, and business loans, by changing the federal funds rate. Higher interest rates can assist control inflation whereas lower interest rates tend to encourage borrowing and spending, which can aid in economic growth.
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the most consistently powerful nongovernment actors in determining economic policy are ________.
The most consistently powerful nongovernment actors in determining economic policy are businesses and financial institutions. These actors have a significant impact on economic policies through their ability to influence policy decisions and shape public opinion.
Businesses have a significant influence on economic policies as they are the primary drivers of economic growth and development. They have the power to lobby governments and shape policy decisions to their advantage. For example, businesses can push for tax cuts and deregulation to increase profits and expand their operations. They can also influence trade policies to ensure their products are competitive in the global market.
Financial institutions, such as banks and investment firms, also have a significant impact on economic policies. They have the power to shape monetary policies, such as interest rates, which can have a direct impact on the economy. Financial institutions can also influence government policies on regulations and oversight, which can affect their operations and profitability.
Overall, businesses and financial institutions are the most consistently powerful nongovernment actors in determining economic policy due to their significant economic and political power. Their ability to influence policy decisions and shape public opinion makes them essential players in the economic policymaking process.
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which of the following individuals benefits from unexpected inflation? a worker whose hourly wage is exactly indexed to the change in the price level an individual who loaned his co-worker money to buy a car an individual who has a fixed rate mortgage on her new house a holder of a government bond who receives a fixed dollar interest payment every year a retiree who has a fixed monthly pension from the government
Individuals benefits from unexpected inflation a borrower with a 30-year adjustable-rate mortgage would be the one who would need to benefit the most from inflation. The correct answer is who loaned his co-worker money to buy a car an individu.al who has a fixed rate mortgage on her new house
Borrowers benefit from unanticipated inflation since the money they repay is worth less than the money they borrowed. The distribution of income and wealth will change as a result of unexpected inflation. Debtors suffer when there is unanticipated inflation because their financial assets' real value drops. When inflation surprises debtors, their financial obligations become more affordable in real terms. Unanticipated inflation benefits debtors while hurting creditors.
Complete question:
which of the following individuals benefits from unexpected inflation? Multiple choice questions:
a. a worker whose hourly wage is exactly indexed to the change in the price level an individual
b. who loaned his co-worker money to buy a car an individual who has a fixed rate mortgage on her new house
c. a holder of a government bond who receives a fixed dollar interest payment every year
d. a retiree who has a fixed monthly pension from the government.
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Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative? When does the law of diminishing marginal utility set in and what does this illustrate about where you should stop consuming if you were eating at an all you can eat buffet?
If total utility is rising as more of an item is consumed, we cannot say for certain whether the marginal utility is rising or falling, but we can say that it is positive.
Marginal utility is the additional utility gained from consuming one more unit of a good or service. If total utility is increasing, it means that the marginal utility of each additional unit is positive, but it does not necessarily mean that marginal utility is increasing or decreasing. The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility of each additional unit will eventually decrease. This occurs because as consumption increases, the utility gained from each additional unit will decrease due to the saturation of needs and wants.
If you were eating at an all-you-can-eat buffet, you should stop consuming when the marginal utility of the last item consumed is equal to the marginal cost of consuming that item. This is because consuming beyond this point would result in a decrease in overall utility, due to the law of diminishing marginal utility. In other words, once the additional satisfaction gained from consuming another item is less than the cost of consuming that item (in terms of money, time, or other resources), it is no longer worth consuming additional items.
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_____ would reduce retailer’s price and promotion wars with competitors.
a) Increasing competition
b) Improving product quality
c) Implementing price floors
d) Collaboration and cooperation
Collaboration and cooperation among retailers and competitors can reduce retailer's price and promotion wars. As they can work together on pricing strategies and marketing efforts to maintain a healthy competitive environment.
By doing so, we can create a harmony among the retailer's regarding the pricing system. a perfect competition economy type of situation can be created. also, consumers will be benefited, they will not be required to move to get the reliable prices. Such collaborations will also help in cost cutting of a retailer regarding the product promotion, and also the stores promotion as the price is fixed everywhere, there will be no extra loss or profit for anyone in the market.
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bridget tried to explain the problem she was having, but her manager kept interrupting her. finally, in frustration, bridget returned to her workstation, even though her manager still did not understand the issue. this lack of communication is an example of
The lack of effective communication between Bridget and her manager is a classic example of poor workplace communication.
It can lead to frustration and inefficiencies in the workplace, as well as missed opportunities for growth and success.
Bridget's manager's habit of interrupting her while she was trying to explain the problem prevented her from clearly articulating her thoughts and concerns.
This kind of behavior is not only disrespectful but can also create a hostile work environment. It is essential to allow employees to voice their opinions and perspectives without interruptions so that they can feel heard and valued.
In this case, the lack of effective communication also resulted in Bridget not being able to get the support she needed to solve the problem. Her frustration and inability to convey her thoughts effectively ultimately led to a lack of progress and a delay in solving the problem.
In conclusion, effective communication is essential in the workplace. It ensures that everyone is on the same page, that employees feel heard and valued, and that progress is made towards solving problems.
Interrupting someone while they are speaking can have detrimental effects on the communication process and should be avoided at all costs. By promoting a culture of effective communication, workplaces can achieve success and growth.
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in addition to paid social media, what are the other two largest types of internet advertising?
Apart from paid social media, the other two largest types of internet advertising are search engine marketing (SEM) and display advertising.
Search engine marketing involves placing ads in search engine results pages (SERPs) based on keywords and targeting options. These ads can be in the form of text ads or shopping ads. Search engine marketing also includes pay-per-click (PPC) advertising, where advertisers only pay when their ad is clicked by a user. Display advertising, on the other hand, involves placing ads on various websites, apps, and social media platforms. These ads can be in the form of banner ads, video ads, or interactive ads. Display advertising can be targeted based on demographics, interests, and behaviors of users. Both SEM and display advertising can be highly effective in reaching a large audience and driving traffic to a website. However, they require careful planning and execution to ensure that the ads are targeted correctly and are relevant to the user's needs. Advertisers must also continually optimize their campaigns to improve performance and maximize return on investment (ROI).
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What is the proper order of initial life insurance premiums, from lowest to highest?a modified endowment contractModified premium, ordinary life, single premiumrequire a higher premium payable at each renewal
The proper order of initial life insurance premiums, from lowest to highest is: Single premium, modified premium, ordinary life.
A single premium policy requires a one-time lump sum payment at the beginning, which is typically the lowest initial premium. Modified premium policies allow the policyholder to pay lower premiums initially, but the premiums increase over time. Ordinary life policies require a fixed premium payment at regular intervals and typically have higher initial premiums than the other two options.
A modified endowment contract (MEC) is not a type of initial life insurance premium, but rather a classification given to a life insurance policy that has been funded with too much money in a short period of time, resulting in unfavorable tax treatment.
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what did the website estimate it would cost to replace all the items in your apartment?
The cost of replacing all the items in an apartment through website can vary widely depending on the size of the apartment, the quality and quantity of the items, and the location of the apartment.
If you're looking to replace everything in a small studio apartment, the cost could be anywhere from $10,000 to $20,000. This would include items such as furniture, electronics, kitchen appliances, clothing, bedding, and personal belongings.
For a larger apartment with more items, the cost could easily reach $50,000 or more. And if the apartment is located in a high-end neighborhood or city, the cost could be even higher due to the higher cost of living and higher cost of goods in those areas.
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Which of the following can help avoid common causes for failed enterprise system implementations?a) Making a fast transition from the old way of doing things to the new system and new processesb) Keeping the scope of a project fluid so changes can be easily incorporatedc) Minimizing the time and money spent on training peopled) Defining metrics to assess the progress of a project
To avoid failed enterprise system implementations, defining metrics to assess progress is most effective approach. This method allows for proper monitoring, Informed decision-making, ultimately ensures a higher likelihood of a successful implementation. Correct answer is option D
To avoid common causes of failed enterprise system implementations, it is crucial to consider various strategies. Among the options provided, the most effective approach is Defining metrics to assess the progress of a project. This ensures that the implementation remains on track, allowing stakeholders to monitor progress, identify potential issues, and make informed decisions to address them.
Establishing clear and measurable objectives provides a roadmap for successful implementation and fosters a sense of accountability among team members. While a fast transition might seem appealing, it can lead to inadequate planning and insufficient understanding of the new system, causing issues in the long run.
Similarly, minimizing training costs might save time and money initially, but a lack of proper training can result in employees being unprepared to use the new system effectively, leading to operational inefficiencies and potential failure.
Keeping the project scope fluid might seem flexible, but it can create confusion, extend timelines, and result in scope creep. A well-defined scope, on the other hand, helps in managing resources, timelines, and expectations effectively. Correct answer is option D
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Different cultures often seek the same value or benefits from the primary function of a product.
T/F
True. Different cultures may have different approaches to using or consuming a product, but they often seek the same underlying value or benefit that the product provides.
For example, people from different cultures may have different ways of preparing and consuming coffee, but they all seek the same basic benefits of caffeine, energy, and enjoyment. Caffeine is a stimulant drug that is commonly found in coffee, tea, chocolate, and energy drinks. It works by blocking the action of adenosine, a neurotransmitter that can promote sleep and suppress arousal, leading to increased alertness and energy.
Similarly, people from different cultures may have different ways of using smartphones, but they all seek the same basic benefits of communication, information, and entertainment.
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Where might the HR managers at Stop & Shop be able to find benchmark data on benefits packages of other organizations?
a. Dept of Health & Human Services
b. Department of Labor
c. Bureau of Labor Statistics
The HR managers at Stop & Shop might be able to find benchmark data on benefits packages of other organizations from the (c)Bureau of Labor Statistics.
Benchmark data on benefits packages of other organizations can be found in the Bureau of Labor Statistics (BLS). The BLS provides data on the benefits offered by various types of employers, including private industry, state and local government, and federal government.
This data can be used by HR managers to compare their organization's benefits package with those offered by similar organizations.
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When an employer offers to give an employee a wage increase in the amount of the premium on a new life insurance policy, this is calleda. aleatory contractb. executive bonusc. key persond. a fraternal association
When an employer offers to give an employee a wage increase in the amount of the premium on a new life insurance policy, this is called a executive bonus. The answer is b.
An executive bonus is a type of compensation arrangement where the employer pays for a life insurance policy for the employee, with the employee as the beneficiary.
The employer typically pays the premium on the policy, and the amount of the premium may be used as a basis for determining the employee's bonus. The bonus is generally taxable income to the employee, but the death benefit paid to the beneficiary is generally tax-free.
This type of arrangement is often used as a way to provide additional compensation to key employees, while also providing a benefit to the employee's family in the event of their death. b. is the correct option.
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which of the following descriptions is NOT a best practice strategy for building clientele? a. upselling b. prebooking c. referral d. client factor.
Answer:
d. client factor
Explanation:
Out of the options provided, "client factor" is not a tactic that is frequently employed to increase clientele. Since "client factor" is not a term commonly used in business or marketing, it is unclear what it even means.
However, the other options (upselling, prebooking, and referral) are tried-and-true methods for cultivating a base of devoted clients.
Upselling entails recommending extra goods or services to customers in order to raise the value of their purchase. Prebooking entails setting up upcoming appointments with clients to encourage loyalty. Referrals entail requesting that pleased consumers recommend your company to others.
In conclusion, upselling, prebooking, and referral are tried-and-true ways to develop a clientele but "client factor" is not an often employed clientele-building approach.
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Out of the four options given, "client factor" is not a best practice strategy for building clientele. Upselling is a great way to increase revenue and build a stronger relationship with clients.
Prebooking is another effective strategy for building a loyal clientele. By encouraging clients to book their next appointment before leaving the salon or spa, you can secure their business and ensure a steady stream of appointments.
Referral is perhaps the most powerful strategy for building clientele. Encouraging satisfied clients to refer their friends and family to your business can help you expand your customer base and increase your revenue.
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chancellor limited sells an asset with a $1 million fair value to sophie incorporated. sophie agrees to make six equal payments, each to be paid one year apart, commencing on the date of sale. each payment includes principal and 6% annual interest. what is the amount of each annual payment?
To calculate the amount of each annual payment that Sophie Incorporated would make to Chancellor Limited, we need to first determine the total amount that Sophie would need to pay over the six-year period.
Using the 6% annual interest rate, we can calculate the interest component of each payment. For example, the interest component of the first payment would be 6% of $1 million, or $60,000. The remaining amount of the payment would go towards paying off the principal, which is the original value of the asset.
To determine the total amount that Sophie would need to pay over six years, we can add up the principal and interest components of each payment.
The formula for calculating the payment amount is:
PMT = PV * r / (1 - (1 + r)^-n)
Where PMT is the payment amount, PV is the present value of the asset (in this case, $1 million), r is the interest rate per period (6% divided by 1 year), and n is the total number of payment periods (6).
Using this formula, we can calculate that each annual payment that Sophie would need to make would be $212,744. This includes both the principal and interest components of each payment.
In summary, the amount of each annual payment that Sophie Incorporated would need to make to Chancellor Limited would be $212,744. This amount is calculated using the present value of the asset, the interest rate, and the number of payment periods.
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The CPA must not subordinate his or her professional judgment to that of others in any:
A) engagement.
B) audit engagement.
C) engagement excluding tax services.
D) engagement where the opinion of a specialist is used.
The CPA must not subordinate his or her professional judgment to that of others in any engagement. The correct answer is option A.
As a Certified Public Accountant (CPA), it is imperative to exercise professional judgment and maintain independence while carrying out engagements. The code of ethics for CPAs mandates that they should not subordinate their professional judgment to that of others, irrespective of the type of engagement they are working on. Whether it's a financial audit, tax preparation, or any other type of engagement, the CPA must always exercise professional skepticism and maintain an objective viewpoint.
For instance, if a CPA is working on a financial audit, they must not allow the client to exert undue influence or control over the engagement process. Similarly, when providing tax services, the CPA must not allow the client's preferences to influence their judgment. They should instead remain objective and impartial and provide advice that is in the best interest of the client.
Furthermore, the CPA must also exercise professional judgment in engagements that require the use of specialist opinions. They must critically evaluate the specialist's opinion and ensure that it aligns with the principles of generally accepted accounting principles (GAAP). In summary, the CPA must always maintain independence and exercise professional judgment in all engagements to ensure that the client receives the best possible service. Thus correct option is A.
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The slogan "Cesar is the most delicious accessory for your small dog" is an example of message structure.
a) emotional argument
b) two sided argument
c) order argument d) draw a conclusion
The slogan "Cesar is the most delicious accessory for your small dog" is an example of message structure known as an emotional argument. The correct option is (a) emotional argument.
The slogan "Cesar is the most scrumptious accent for your small dog" is an instance of message shape recognized as an emotional argument.
The message does no longer existing any factual or logical information, however as an alternative appeals to the feelings of the audience.
The slogan implies that through feeding your small canine Cesar, you are now not solely offering them with a scrumptious meal however additionally improving their lifestyle, making them extra stylish and stylish.
The message tries to evoke emotions of happiness, love, and indulgence closer to the pet, which can be compelling to pet proprietors who choose the pleasant for their loved animals.
By the usage of an emotional appeal, the message targets to set up a connection between the target market and the product, eventually growing the possibility of purchase.
Therefore, the right choice is (a) emotional argument.
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The slogan "Cesar is the most delicious accessory for your small dog" is an example of an emotional argument as it appeals to the consumer's emotions and feelings towards their pet. Hence, option A is correct.
The message structure is crafted to evoke a sense of attachment and care towards their furry companion. The slogan focuses on the emotional bond between a pet owner and their pet and uses the product as a way to enhance that connection. Message structure is a crucial aspect of advertising as it helps to convey the intended message effectively. The structure of a message can be based on various factors, such as the target audience, product, and intended message. In this case, the message structure is designed to appeal to the pet owner's emotional connection with their dog, which is a highly effective strategy for promoting a product. In conclusion, the slogan "Cesar is the most delicious accessory for your small dog" is an example of an emotional argument and a well-crafted message structure. It uses emotions to connect with the consumer and promote the product effectively. Message structure is a critical aspect of advertising that helps to convey the intended message and achieve the desired impact on the audience.
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Your manager has asked you to check a delivery that includes a container of raw chicken that was not refrigerated. What should you do? A Accept the delivery and provide your manager with the receipts B. Immediately move the chicken to a freezer to bring the temperature down quickly C. Refuse to accept the chicken and send it back
You should refuse to accept the chicken and send it back. Thus, option C is the correct option.
When a container of raw chicken is not refrigerated as required, it poses a significant food safety risk. Bacterial growth and potential contamination can occur at higher temperatures, which can lead to foodborne illnesses.
It's essential to prioritize food safety and refuse to accept the chicken in this situation. Sending the chicken back and addressing the issue with the supplier is the responsible course of action to prevent potential health hazards.
Thus, option C is the correct option.
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why was the european coal and steel community created? select two answers.to develop new coal and steel supplies overseasto share the management of heavy industry to help prevent the creation of weapons of warto stop foreign exports of coal and steelto enforce safety rules in mining industries
The European Coal and Steel Community (ECSC) was created with the following objectives:
To share the management of heavy industry: One of the primary goals of the ECSC was to establish a supranational organization that would oversee and coordinate the coal and steel industries of its member countries. To help prevent the creation of weapons of war: A key underlying motive for establishing the ECSC was to promote peace and prevent future conflicts among European nations.The European Coal and Steel Community (ECSC) was an organization established in 1951 with the aim of integrating the coal and steel industries of six European countries: Belgium, France, Germany, Italy, Luxembourg, and the Netherlands. The ECSC was a pioneering effort to promote economic cooperation and prevent future conflicts by pooling the production of key resources. It created a common market for coal and steel, abolished trade barriers, and established a supranational authority to oversee these industries.
The ECSC's success laid the foundation for deeper European integration and led to the creation of the European Union. It demonstrated that economic interdependence and cooperation could contribute to peace and stability in Europe. The ECSC treaty expired in 2002, but its legacy continues to shape European integration and cooperation in various domains.
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Archer’s cost accountant prepared the following static budget based on expected activity of 4,000 units for the May 2016 accounting period:
Sales Revenue $64,000
Variable Costs 34,000
Contribution Margin $30,000
Fixed Costs 18,000
Net Income $12,000
a. If Archer’s sales manager were to prepare a flexible budget for expected activity of 4,300 units, budgeted net income on this flexible budget would be?
b. If Archer actually produced and sold 4,300 units at $20 each, what is the sales revenue activity/volume variance?
c. If Archer actually incurred the following costs during May 2017:
Sales Revenue $86,000
Variable Costs 37,000
Contribution Margin $49,000
Fixed Costs 22,000
Net Income $27,000
The flexible budget variance for:
i. Fixed costs:__________________________
ii. Variable costs:_________________________
The budgeted net income on this flexible budget would be $13,900.
a. To prepare a flexible budget for expected activity of 4,300 units, the sales revenue would be $68,600, variable costs would be $36,700, and fixed costs would remain the same at $18,000.
Budgeted net income = $68,600 - $36,700 - $18,000= $13,900
b. The budgeted sales revenue for 4,300 units would be $86,000 (4,300 units x $20 each). The actual sales revenue was $86,000, so there is no sales revenue activity/volume variance.
c. The flexible budget for actual activity of 4,300 units would be the same as in part a: sales revenue of $68,600, variable costs of $36,700, and fixed costs of $18,000. The flexible budget variance for fixed costs would be $4,000 ($22,000 actual fixed costs - $18,000 flexible budget fixed costs). The flexible budget variance for variable costs would be $1,300 ($37,000 actual variable costs - $36,700 flexible budget variable costs). Therefore, the total flexible budget variance would be $5,300 ($4,000 + $1,300).
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______ is the single most important source of capital for most new companies.
Group of answer choices
Trade credit
Common stock
A Treasury bill
A floating-rate bond
Commercial paper
Trade credit is the single most important source of capital for most new companies. Trade credit is the credit extended by one trader to another for the purchase of goods or services.
Trade credit refers to the credit extended by suppliers and vendors to a company for the purchase of goods and services. It is an important source of short-term financing for many businesses, as it allows them to obtain the necessary goods and services to operate their business without having to pay for them immediately. Trade credit is typically extended on a net-30 or net-60 day basis, meaning that the buyer has 30 or 60 days to pay for the goods or services received.
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one of the main outputs of the _____ process is a cost baseline.
One of the main outputs of the project planning process is a cost baseline. The cost baseline is an important tool used in project management that outlines the project's budget and anticipated expenses.
It is a comprehensive plan that details all of the costs associated with the project, including labor costs, materials, equipment, and any other expenses that will be incurred during the project's lifecycle.The cost baseline is developed during the planning phase of the project, which is when the project manager and project team establish the project scope, schedule, and budget. The baseline is created by analyzing the project scope and breaking it down into work packages and activities. Each activity is then assigned a cost estimate, and the estimates are aggregated to create the cost baseline.The cost baseline is an essential tool used to manage project costs. It is used to track actual costs against planned costs and to identify any variances or deviations from the original plan. By monitoring these variances, project managers can take corrective action to keep the project on track and within budget.
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purchased software is more cost-effective than option than in-house development. true false
The statement that "purchased software is more cost-effective than in-house development" can be considered true in many cases. Purchased software already has a pre-existing codebase, which means that the development costs have already been incurred by the vendor.
On the other hand, in-house development requires significant upfront investment in terms of hiring a team of developers, project management, software licenses, and hardware infrastructure. Moreover, purchased software can be implemented quickly and efficiently, which saves time and reduces overhead costs. The vendor is responsible for maintaining and updating the software, which eliminates the need for a dedicated team of developers for support and maintenance. However, there may be instances where in-house development is the more cost-effective option. This is particularly true for businesses that have very specific requirements that cannot be met by pre-existing software. In such cases, the cost of developing software in-house may be justified in the long run.
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Which capital budgeting technique defines returns in terms of income instead of cash flows? The unadjusted rate of return method The internal rate of return technique The net present value techniqueThe payback period
The capital budgeting technique that defines returns in terms of income instead of cash flows is the unadjusted rate of return method.
This method calculates the average annual income generated by an investment as a percentage of the initial investment. It does not take into account the time value of money or the timing of cash flows, which makes it less accurate than other techniques such as the net present value and internal rate of return methods. The unadjusted rate of return method is often used as a preliminary screening tool to quickly assess the profitability of potential investments. However, it should be used in conjunction with other techniques to make informed investment decisions.
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The capital budgeting technique that defines returns in terms of income instead of cash flows is the unadjusted rate of return method.
This method calculates the average annual net income expected from an investment and divides it by the initial investment cost to arrive at a percentage rate of return. However, it does not consider the time value of money, which means that it does not take into account the present value of future cash flows. Therefore, the unadjusted rate of return method is not as accurate as other techniques such as the net present value and internal rate of return, which do consider the time value of money. The payback period is another capital budgeting technique that calculates the length of time required to recoup the initial investment cost, but it also does not consider the time value of money. When choosing a capital budgeting technique, it is important to consider the specific needs and goals of the organization, as well as the strengths and weaknesses of each technique.
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Project management is one of the few domains in which business intelligence is rarely used.TRUE or FALSE
The statement: Project management is one of the few domains in which business intelligence is rarely used is FALSE because business intelligence is commonly used in project management to analyze data and inform decision-making processes.
Business intelligence can help project managers identify trends, track progress, and optimize resources. Business intelligence tools can be used to gather and analyze data from various sources, such as financial reports, project schedules, and performance metrics.
This information can be used to improve project planning and execution, identify areas for improvement, and make more informed decisions. Additionally, project management software often includes built-in business intelligence capabilities, such as dashboards and analytics, to help project managers track and manage projects more effectively.
Therefore, business intelligence is an important tool for project managers to stay on top of their projects and make data-driven decisions.
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