The main reason for greater consistency in services versus tangible products is that people who provide services vary in capability or daily performance.
What are tangible products ?Physical products that can be touched are referred to as "tangible goods." They differ from ethereal goods, which are valuable but not physical objects. Despite the fact that purchasing intangible goods via the Internet is now widely available, tangible goods continue to play an important role in retail. They differ from other services in that the end result is not a physical good.
Anything that can be physically felt, such as printed books, CDs, DVDs, lamps, food, and baseball bats, is considered a tangible good. One of the most basic tests for whether something is tangible or not is whether it can be touched or picked up in the real world.
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When ben & jerry’s ice cream tests all its proposed new flavors on its own employees at its corporate headquarters in vermont, it is partaking in.
When ben & jerry’s ice cream tests all its proposed new flavors on its own employees at its corporate headquarters in vermont, it is partaking in: Alpha testing.
What is Alpha testing?Alpha testing can be defined as the way in which companies tend to test their product before supplying the product to the market so as to know whether the product is goods enough to be acceptable by people.
This product test stage is often conducted within an organization or company in which the employee or workers are given the product to test. The employee are allow to give a feedback about the product so as to enables the company to know how good or how bad the product is.
If the product receive a positive feedback from the staff, it can tend to give the company the confidence that the product will attract potential customers.
Therefore we can conclude that alpha testing is the way of testing a product within a workplace.
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fees payable would appear on the balance sheet as a(n)
Your debts to other people are known as liabilities. A loan, credit card debt, payroll taxes, accounts payable, expenses for which you have not yet received an invoice, long-term loans (such a mortgage or business loan), delayed tax payments, or a long-term lease are all examples of liabilities. Assets balance.
The things that your practice possesses and have a monetary value are its assets. Your assets consist of tangible items like cash, stock, and privately owned real estate and equipment, as well as marketable securities (investments), pre-paid expenses, and money owed to you (accounts receivable) from payers balance.
Cash, short-term investments, accounts receivable, allowance for doubtful accounts, inventory, investments, land, buildings, equipment, furniture and fixtures, accumulated depreciation, notes payable, accounts payable, payroll taxes payable, and paid-in capital are a few examples of balance sheet accounts for a corporation. On a company's balance sheet, accounts payable are listed. Given that it is money owing to creditors and appears on the balance sheet under current liabilities, accounts payable is a liability. Expenses that have already accrued don't have an invoice or other supporting paperwork. They are listed on a company's balance sheet as current obligations, which means they must be settled within the next 12 months.
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because black diamond manufactures and sells its outdoor sports products outside the united states, what should the company do to find attractive business climates for additional locations? check all that apply.
Black diamond sells its outdoor sports products outside the United States. To find attractive business climates for additional locations option a. managers will need to find a country having a growing market for the company's products.
Market growth is the change in the size of the market over a period. It constitutes of rise and fall in the total sales of the product in the market. Growth is crucial for designing plans and market strategies.
Before entering a market, the growth rate is considered the area for the sales of the product. Even if the market is big, the growth rate might be slow which will reflect in fewer sales and less revenue for the company.
A growing market will increase the demand and sales of the product. Demands and sales of the product will increase by studying the consumer's needs and addressing the needs by creating such products.
Therefore, managers will find a country according to the growth of the market for their products.
Complete options for the questions are:
a. managers will need to find a country having a growing market for the company's products.
b. managers will need to find a country that is already familiar with the products their company makes.
c. managers will want to find a country that is politically stable.
d. managers will want to look for a country that offers tax advantage to their company.
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dave and ellen are newly married and living in their first house. the yearly premium on their homeowner’s insurance policy is $250 for the coverage they need. their insurance company offers an annual discount of 5 percent if they install dead-bolt locks on all exterior doors. the couple can also receive an annual discount of 2 percent if they install smoke detectors on each floor. they have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $45 each. at the local hardware store, smoke detectors cost $4 each, and the new house has two floors. dave and ellen can install the smoke detectors themselves.
Years it will take Dave and Ellen to earn back in discounts the cost of the dead-bolts = 4.44 Years
What is discount?
Discounting is an income from all sources through which a debtor obtains the entitlement to postpone payments to a creditor for a set period of time in exchange for a fee or charge. Essentially, the party who owes money now purchases the entitlement to postpone payment until some date in the future. Because of fatality effects, impatience effects, as well as salience effects, most people prefer current interest to postponed interest in this transaction. This same difference between the original money owed in the present as well as the amount that must be paid inside the future to settle the debt is the discount, or charge. The discount is typically associated with such a discount rate, also known as the discount yield.
$100/$22.50 = 4.44 Years
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Complete Question
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $450 for the coverage they need. Their insurance company offers a 5 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 2 percent discount if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $7 each, and the new house has two floors. Dave and Ellen can install them themselves.
a. How many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts? (Round your answer to 2 decimal places.)
the _____ tax incidence describes who bears the burden of the tax; whereas the _____ incidence refers to the person who is legally responsible for paying the tax.
In contrast to statutory incidence, which refers to the individual who is legally obligated to pay the tax, actual economic tax incidence describes who is subject to the tax's burden.
Taxes are compulsory contributions that a government agency, whether local, regional, or federal, imposes on people or businesses. Public works and services like roads and schools, as well as programs like statutory incidence and Medicare, are funded by tax income.
In economics, taxes fall on whoever bears the cost of the tax, whether this is the taxed entity, such as a business, or the final users of the items produced by the business. Payroll taxes, federal and state income taxes, and sales taxes are just a few of the statutory incidence taxes that need to be taken into account from an accounting standpoint.
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what is net pay? the amount of pay earned for the total number of hours worked. the amount of money you're paid after all taxes and deductions are taken out of your paycheck. the amount of money you're paid before all taxes and deductions are taken out of your paycheck. your gross pay plus any bonuses.
The amount of money you're paid before all taxes and deductions are taken out of your paycheck is net pay. Hence, option C is correct.
What is net pay?The take-home pay that employees get after all payroll deductions have been made from their gross pay is referred to as net pay.
The sum of an employee's paycheck that is left over after payroll deductions such as taxes, benefits, and other expenses is referred to as their gross pay. The amount that is left over after all withholdings have been taken into account is referred to as net pay or take-home pay.
Thus, option C is correct.
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Match the entity with the statement that describes the tax treatment of that entity.
A. Sole proprietorship
B. Partnership
C. C corporation
1. Entity reports income on tax forms separate tax (information) forms, but the profit or loss flows through to owners' individual income tax returns.
2. Income is taxed at the entity level rather than flowing through to the owner(s).
3. Revenues and expenses are reported directly on the owner's tax return and the profit (or loss) is subject to both individual income and self employment taxes.
The tax treatment of a sole proprietorship is revenues and expenses are reported directly on the owner's tax return and the profit (or loss) is subject to both individual income and self-employment taxes.
A partnership's tax treatment is that the entity reports income on separate tax (information) forms, but the profit or loss flows through to the owners' individual income tax returns.
A C-tax corporation's treatment is that income is taxed at the entity level rather than flowing through to the owner (s).
What is a sole proprietorship, partnership and c-corporation?A sole proprietorship is when a business is owned by just one person. The owner and the business are inseparable. This means that the company and its owner are treated as a single entity.
A partnership is formed when at least two people join forces to run a business. Profits and losses are distributed among the partners. Depending on the partnership's structure, the partners' liabilities can be limited or unlimited.
A C corporation is a corporate structure in which the owners, or shareholders, are taxed separately from the entity.
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these institutions generally offer higher interest rates than many other types of institutions because the vendor of the item being financed arranges the financing and must be paid for that service.
Sales finance companies: these institutions generally offer higher interest rates than many other types of institutions because the vendor of the item being financed arranges the financing and must be paid for that service.
What is a loan?A loan can be defined as an amount of money that is typically being borrowed by a borrower from a bank or other financial institutions (lender), and it is generally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.
What is a sales finance company?In Economics, a sales finance company can be defined as a type of financial institution that is established to offer loans or other products with a higher interest rates to customers in order to pay the vendor for its service.
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Which of the following barriers to communication is an example of selective perception?
a. Something blocks, changes, or distorts the message.
b. A message isn't decoded the way the sender intended it.
c. The message is seen and heard based on expectations.
d. Information is intentionally withheld, ignored, or distorted.
Based on expectations, the message is perceived and heard. A case of selective perception is communication difficulties.
It takes organisation, recognition, and interpretation of sensory data to represent and comprehend the information or environment that is being presented. All perceptions entail neural system impulses that flow through them, which come from chemical or physical activation of the sensory system. There are many different types of perception, including visual, auditory, olfactory, haptic (touch), and gustatory (taste), which are all subcategories of the larger topic of perception. Information transfer is the typical definition of communication. The phrase can also apply to the broadcast itself or to the area of research that examines such transmissions. Regarding its exact definition, there are numerous controversies. Passive, aggressive, passive-aggressive, and forceful are the four fundamental communication styles. It's critical to comprehend each communication method and the reasons behind its utilisation.
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Real estate brokers represent an intermediation revenue model because they help manage the transaction between the home seller and the home buyer.
a. True
b. False
This Statement is True.
Real estate is the property that includes land and buildings, as well as natural resources such as crops, minerals, or water; immovable property of this type; an interest in this (also) an item of real property, (more broadly) buildings, or dwellings in general. In law, really refers to land property and is distinct from personal property, whereas estate refers to a person's "interest" in that land property.
Personal property, which is not permanently tied to the land, such as vehicles, boats, jewels, furniture, tools, and farm rolling stock, differs from real estate.
In the United States, real estate can be transferred, owned, or acquired by business corporations, individuals, nonprofit corporations, fiduciaries, or trusts.
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what is the modified accelerated cost recovery system (macrs)? why is macrs not allowed for financial reporting?
The MACRS gadget is frequently now no longer known for monetary accounting functions because Companies ought to observe a mandated tax existence on targeted property as stipulated with the aid of using the manner below this technique.
The changed multiplied fee healing gadget (MACRS) permits a enterprise to get better the fee foundation of sure property that become worse over time. The IRS gives pointers on which property are eligible for MACRS and what beneficial existence parent must be used for financial repoeting.
Companies want MACRS for tax reporting, and below this gadget, tangible property can experience better multiplied depreciation for an prolonged period. The Internal Revenue Service (IRS) considers depreciation as a shape of tax deduction that permits agencies to get better the capitalized fee foundation of property.
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All organizations have bedrock, unquestioned assumptions that define their goals and products.
a. True
b. False
It is true that all organizations have bedrock, unquestioned assumptions that define their goals and products.
All organizations whether big or small have certain goals and objectives which are based on unquestioned assumptions. Goals aid in the definition of an organization's values, promote corporate expansion, and help it accomplish its financial goals. A company can evaluate its progress and recognize the tasks that must be improved to achieve those business goals by setting specific organizational goals.
In order to motivate employees and accomplish the organization's objectives, organizations should clearly explain their aims. Personnel could choose their action plan to assist the organization accomplish its goals by having a thorough understanding of the organizational goals. To aid in achieving the general goals of the enterprise, employees must also have access to the appropriate tools and resources while performing their responsibilities.
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question content areaa performance report that identifies the amount of employee downtime is a financial accounting report. true false
A performance report that identifies the amount of employee downtime is a financial accounting report. - False
The financial actions and position of a company or individual are formally recorded in financial accounting reports. An easy-to-understand format is used to provide pertinent financial data in a systematic manner. Financial statements that must be provided are the income statement, balance sheet, and statement of cash flows. These can be used by traders as educational tools to assess a firm's financial health and to quickly determine its underlying value.
On the other hand, a performance report is one that a firm builds to outline and evaluate its accomplishments. It gives a broad outline of the firm's performance. In order to do this, performance reports essentially gather data on particular work performance, analyze it, and provide recommendations to support decision-making.
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within a tqm approach, small work groups that meet periodically to discuss ways to improve functional areas and the quality of the product are called blank . multiple choice question. virtual teams lean production quality circles just-in-time systems
Quality circles are small work groups within a tqm approach that meet periodically to discuss ways to enhance functional areas as well as the quality of the product.
What is product?
A product is anything that could be offered to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made available for consumer use in response to consumer demand. Products are frequently referred to it as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A type of product that is also considered is a service. The most common types of commodities are raw materials like metals and agricultural goods, but they can also include anything that is widely available on the open market. In project management, products are indeed the formally defined project deliverables that comprise or assist in achieving the project's goals.
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"are you sure you want to fill those senior positions with new hires and not internal recruiting?" asked phil jones, division manager. ignacio gomez, frontline manager, replied, "in this case, i want to do external recruiting. my team is stagnant, and outside hires will
To fill those senior positions with new hires and not internal recruiting or to do external recruiting totally depends on decision making of HR and the department concerned.
Decision making is the most important part of the recruitment process that decides how will the management function and how the responsibility will be delegated to the other person present in the organisation.
Important part is from where the pool of candidates is hired and with the source chosen to hire is in the form of internal or external recruiting depend upon the quality of hire.
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why managers need to ensure that resources are allocated in a way that both sales and marketing are able to achieve their objectives
It aids in bringing down project expenses. makes work more productive. increases worker satisfaction and engagement in the project. The projects are delivered successfully and on time.
Additionally, it aids in achieving the greatest outcomes possible given the available resources.
Why is it crucial to distribute resources wisely and effectively?
Making sure that the appropriate resources are assigned to the appropriate engagement at the appropriate time boosts efficiency while lowering the risk of overruns. The combination of improved resource visibility and engagement financials aids in keeping projects profitable and on schedule.
Why is resource allocation necessary?
The right team for the assignment can be scheduled with the aid of resource allocation, which also optimizes how work is distributed. To complete projects on schedule and within budget, project managers must assign the appropriate team members to the appropriate tasks.
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If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?.
The error will be declared as overstated.
What is overstated?
If an account or a figure on an account is inflated, the amount represented on the financial statement will be more than it should be.
Auditors will question the board of directors of the corporation to explain why non-current assets in the accounts were exaggerated and not represented at their recoverable amount.
Preproduction expenses for the fiscal year 2010 were inflated by almost $4 million, totaling $55.4 million.
If an account or a figure on an account is inflated, the amount represented on the financial statement will be more than it should be.
The phrase "overstated" has two meanings when used by an accountant:
1. The reported sum is inaccurate, and
2. The amount that was reported exceeds what is true or accurate.
Another account will also have an inaccurate balance in a double-entry accounting or bookkeeping system.
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If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?
When employers want to hire someone, they usually start by running blind ads in newspapers or placing job openings online. True or false?.
Answer:
True!
Explanation:
Proactive businesses often take aggressive actions to affect consumers and the forces in their marketing environments. What does not depict a proactive company?
What doesn't represent a proactive company is a local restaurant that refuses to fight false accusations about salmonella.
The definition of business is an activity carried out by individuals or organizations that involve production, sale, purchase, or exchange of goods or services, with the aim of obtaining profits or profits.
Meanwhile, in the context of an entity, the definition of a business is an organization or other entity that engages in commercial, professional, or industrial activities, for profit. The business concept is the fundamental idea behind a business. Based on this concept, entrepreneurs can develop a business model, business plan, and vision and mission of the business.
In general, in the business concept there are several main components, namely:
Core Strategy, namely the vision and mission of a business which includes the ideals expected from the business.Strategic Resources (Strategic Resources), which are all related to key competencies, core processes, and strategic assets.Customer Intermediaries (Customer Interface), which is all related to information, support and fulfillment, relationship dynamics, and pricing structures.Value Network, namely all value networks that can strengthen and complement the company's resources.You can learn more about business here brainly.com/question/15826771
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in the family decision-making process, the person in the family who is responsible for starting the purchase decision process is the:
In the family decision-making process, the person in the family who is responsible for starting the purchase decision process is the initiator.
The family member who suggests a notion or an idea for a family purchase is the initiator.
Initiator, Influencer, Decider, Purchaser, and User are his labels for these jobs. The Influencer either encourages or dissuades the purchase, depending on who makes the decision. As the Purchaser starts the transaction, the Decider decides what will be bought. The person who really uses the good or service is known as the User.
Mom often makes the purchasing decisions in a typical, traditional family. Even while males are now more frequently involved in family purchase decisions, in 80% of homes, moms still determine the majority of these decisions.
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john madrid put $1,000 into a mutual fund yielding an 18 nnual rate of return. using the rule of 72, calculate approximately how long it will take for the investment to double in value.
The investment will get double in 4 years as per the rule of 72
Amount invested in mutual fund = $1000
Annual rate of return = 18%
According to the rule of 72:
The Rule of 72 is a simple, effective rule that is frequently used to determine how many years are needed to double an investment at a specific yearly rate of return. As an alternative, it can figure out how many years it will take to double an investment by calculating the annual rate of compounded return.
The time it will take for the value to double = 72/18 = 4 years
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managers can help their organizations gain _____ through cost leadership, differentiation, or focus.
Managers can help their organizations gain a competitive advantage through cost leadership, differentiation or focus
A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins. Cost structure, branding, the standard of the product offers, the distribution system, intellectual property, and customer service are just a few examples of the variables that are thought to contribute to competitive advantages. The more resilient the competitive advantage, the more challenging it is for rivals to counter it.
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the availability and quality of retailers and wholesalers as well as transportation, communication, and warehousing facilities are often determined by a country’s _____.
The availability and quality of retailers and wholesalers as well as transportation, communication, and warehousing facilities are often determined by a country's stage of economic development.
The routes that goods and services travel to get from the producer or supplier of the service to the final customer are known as distribution channels. A retailer is viewed as the final link in the whole distribution chain since they have direct consumer contact. The items are bought in bulk from wholesalers by a retailer who then sells them to clients in smaller amounts.
Essentially, a shop keeps a view by a distribution channel is a network of businesses or middlemen that a product or service travels through before it is purchased or used by the ultimate customer. Retailers, distributors, wholesalers, and even the internet can be used as distribution channels. a wide range of goods.
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When a plant asset is retired, the difference between the plant asset’s cost and the accumulated depreciation of the same plant asset is.
The same plant asset is recognized on the income statement as a loss on the disposal of a plant asset.
Book value is the difference between the acquisition cost of a fixed asset and the accumulated depreciation to date. If the disposal occurs at any point during the year, depreciation must be recognized for the fraction of the year up to the date of disposal. That value should be removed from the balance sheet. This process takes into account the current book value, which is the original purchase price of the asset.
The amount depreciated over the useful life of the asset and the amount of cash received if any. Typically this means disposing of long-term assets and not receiving proceeds from their disposal. You post an asset with a salvage value by charging both the accumulated depreciation and the loss of salvage value due to the retirement of the asset. For a machine with a total value of $100,000 and a depreciation expense of $80,000, enter the ledger entry in three lines.
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Sam, who works for an advertising firm in new york, lives a few blocks away from his office and walks to work. Every day, on his way to the office, he picks up a copy of the new york times from a vendor and his regular decaf from the coffee shop just outside his office. Sam’s copy of the new york times and his decaf coffee are examples of _____.
Sam, who works for an advertising firm in new York, lives a few blocks away from his office and walks to work.
Every day, on his way to the office, he picks up a copy of the new York times from a vendor and his regular decaf from the coffee shop just outside his office. Sam’s copy of the new York times and his decaf coffee are examples of Products.
A product is any item or service you sell to serve a customer's need or want. They can be physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and nondurable goods (such as food and beverages).
What is Product?
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand. Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A form of product that is also considered is a service.The most common types of commodities are basic materials like metals and agricultural goods, but they can also include anything that is readily available on the open market. In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals.There are two types of products: tangible and intangible. A tangible product is a real-world, tactile object, such as a structure, machine, tool, or article of clothing. A product is said to be intangible if it can only be understood indirectly, such as an insurance policy. Services fall under the category of intangible things, which might be either durable or not.To learn more about Products visit:https://brainly.com/question/22852400
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Suppose cvs wanted to discover how often customers buying baby diapers also purchased baby wipes. Which technique would help answer this question?.
Suppose CVS wanted to discover how often customers buying baby diapers also purchased baby wipes. The technique that would answer this question is taking a short survey/ use online questionnaires from nursing mothers or mothers in general on their website.
What is internet survey/questionnaire?A systematic inquiry that is completed online by your target audience typically by filling out a form is known as an online survey. Online polls' length and structure might vary.
Your research expenditures will be reduced by using online questionnaires. You won't have to spend time or resources entering the data into a database, which will save you money on mailing. The findings are always available and responses are processed automatically.
Therefore, The data collected through online surveys is more accurate. There have been a number of studies on this subject, which indicate that there is a much smaller margin-of-error in online surveys
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what is a characteristic of a successful formal mentoring program? multiple choice mentors become therapists for their protégés. mentor–protégé relationships are artificially created. managers are rewarded for employee development. mentors are chosen on a random basis. mentor and protégé participation is mandatory.
A characteristic that a formal mentoring program has is that mentor–protégé relationships are artificially created.
What is a mentoring program?This is the term that is used to refer to a program that is created that would involve the use of experts in a particular field that would have to take the teaching of other people that would want to become experts in that field as well.
The goal of mentoring is to create the situation or the experience that would come from the matching of people that are experts and those that have the professional skills with the people that would be able to , do with the skills that they have.
The goal that this would have is the that the new people would be able to learn all of the new skills that they would need that would help them to be the best in the chosen fields that they have.
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Buyers look for signals of service quality, drawing conclusions about quality from the place, people, price, equipment, and communications that they can see to address the issue of service ________.
Buyers seek for indicators of service quality, inferring quality from the location, people, price, equipment, and communications that they can see to address the issue of service quality.
Essentially, "service quality" refers to how effectively the service delivered matches the customer's expectations. Grasp service quality requires an understanding of its characteristics such as tangibles, dependability, responsiveness, assurance, empathy, and so on.When most customers go to a restaurant or store, they have an ideal expectation of the service they wish to receive. As a result, service quality assesses how well a service is delivered in comparison to client expectations. Finally, businesses that meet or surpass expectations are regarded as having great service quality.Buyers seek 'indicators' of service quality. They develop assumptions about quality based on what they can see, such as the location, people, price, equipment, and communications. As a result, the service provider's responsibility is to make the service tangible in one or more ways while also sending the appropriate quality signals.Thus this is the meaning of service quality.
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When a leader can "talk the talk" but do not "walk the talk" on values, it refers to which of these symptoms of the failure of ethical leadership?
a. Ethical muteness
b. Ethical paralysis
c. Ethical incoherence
d. Ethical blindness
e. Ethical Complacency
It is referred to as ethical muteness symptoms of unethical leadership failure when a leader can "speak the talk" but does not "walk the walk" on ideals.
Moral muteness is the decision to remain silent in the face of morally repugnant unethical leadership behavior. It can also occur when speakers ethics conceal their beliefs and moral principles.
When we refer to someone as "talking the talk but not walking the walk," we are referring to their lack of behavior that is compatible with what they claim to believe. This person "talks the talk but ethics doesn't walk the talk" when it comes to recycling, for instance. It would appear that moral muteness, the phenomenon of applying moral norms to make judgements without addressing them, may eventually lead to a unethical leadership much worse situation in which moral standards are completely discarded.
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business cycles are short-term movements in:
Business cycles are short-term changes to the long-term trend of real GDP. While GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis.
A country's gross domestic product (GDP) is the sum of the market capital annual basis goods values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular country's economic health as a wide indicator of entire domestic production.
While GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis. In the capital goods United States, for instance, the government produces an annualized GDP annual basis estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in actual terms, price changes are taken into account and the data is therefore net of inflation.
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The complete question is
Business cycles are short-term movements in real GDP around _____.
Question options:
a) real GDP's long-term trend.
b) nominal GDP's long-term trend.
c) real GDP per capita's long-term trend.
d) inflation's long-term trend.
