False
His statement is wrong. Because the group leader is elected only through the voting of its members.
Voting is a decision-making method using formal voting by counting the votes of the people involved in an event with the consideration that deliberation and consensus cannot be carried out again in making decisions. Voting is a joint decision-making by voting for trial participants. Given the weaknesses and strengths of the various voting types, there is no one best voting type. Therefore its use can be adjusted to the conditions of the participants and the problems to be resolved by a voting mechanism.
Thus a brief description of the meaning of voting, terms, types and examples. What needs to be remembered is that to be a good citizen, one must have the courage to convey one's choices or opinions in any way and also in an honest way and not be influenced by coercion.
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ptlsy wall mounted pull up bar and dip station multifunctional heavy duty chin up bar for home gym indoor workout
Palsy wall-mounted pull-up bar and dip station multifunctional heavy-duty chin-up bar for home gym indoor workout.
Progressive supranuclear palsy (PSP) is a rare neurological disorder that can cause problems with balance, movement, vision, speech, and swallowing. This is caused by more and more brain cells being damaged over time.
There are five main types of cerebral palsy: spastic, ataxic, athetotic, hypotonic, and mixed. The type of motor impairment people with cerebral palsy experience depends on how much the brain injury affects muscle tone.
Paralysis is the term for paralysis with tremors. Permanent paralysis means that you cannot regain control of your muscles. This condition is irreversible. Paralysis can affect any part of the body.
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If a company or organization is working on building a favorable community relationship with organizations, people, customers, groups, and the public in general, it is working on growing and maintaining a favorable image through ________.
When a company works to develop and maintain a favorable image for stakeholders, it is doing so through public relations.
What is a public relations?It is a professional who is responsible for promoting the goods, services and organizational image through communication with the external public.
Therefore, the focus of a company's public relations is building positive and beneficial relationships for the company with customers, suppliers, investors, the community and any stakeholder in the organization's business.
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Which passages explain the importance of business ethics?
In a business, an ambition to succeed is extremely important. You need to be innovative and competitive to make profit. However, at the same time, you are likely to bypass morality while gaining an immediate profit. Business ethics keep unethical reasoning under control. and help in achieving long-term profit. Short-term profits gained out of unethical behavior may lead to the loss of valuable customers.
The part in the passage that explain the importance of business ethics is that business ethics keep unethical reasoning under control. and help in achieving long-term profit.
What is business ethics?Business ethics deals with moral conundrums or contentious issues that a company may be facing. A system of practices and procedures that foster consumer trust are frequently included in business ethics. Some business ethics, like minimum wages, restrictions on insider trading, and environmental regulations, are on some level written into the law. On the other hand, managerial conduct may have an impact on business ethics, with repercussions felt throughout the entire organization.
By defining acceptable behaviors outside of the purview of the state, business ethics strengthen the law. Businesses establish business ethics to encourage employee morality and win over important stakeholders like investors and customers.
Executives, managers, and staff are guided by business ethics when taking daily actions and making decisions. Consider, for instance, a business that has chosen to dispose of chemical waste that it cannot afford to properly dispose of on a vacant lot it has acquired in the neighborhood. This behavior can harm a business irreparably in terms of the law, the environment, and society.
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When used as collateral, a laptop computer used by a family for email, games, and schoolwork would be classified as: inventory electronic chattel paper. equipment consumer goods.
The correct option is D, When used as collateral, a laptop computer used by a family for email, games, and schoolwork would be classified as consumer goods.
Consumer goods are goods that are purchased for personal or household use. These are typically items that are used on a regular basis such as food, clothing, and appliances. They are also products that are used for recreational activities such as electronics, books, and toys. Consumer goods are typically differentiated from capital goods, which are goods used in the production of other goods and services. The production and sale of consumer goods is a major component of a nation's economy, as these goods make up a significant portion of the goods and services that are produced.
Consumer goods are usually produced in large quantities to meet the needs of a wide variety of customers, and as such, are typically mass-produced items. Consumer goods can be divided into two categories: durable goods, which are goods designed to last for a long period of time, and nondurable goods, which are goods that are designed to be used quickly and disposed of.
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Complete question:
When used as collateral, a laptop computer used by a family for email, games, and schoolwork would be classified as
A). Inventory
B). Electronic chattel paper.
C). Equipment
D). Consumer goods.
In the fifteenth century, Japanese Muromachi culture was heavily influenced by which of the following?
Zen Buddhism
Zen Buddhism heavily influenced Japanese Muromachi culture in the fifteenth century.
What is Zen Buddhism?The essence of Zen Buddhism can be found in its name: zen means "meditation." Enlightenment, according to Zen, is attained through the profound realization that one is already an enlightened being.The essence of Zen Buddhism is achieving enlightenment through direct observation of one's original mind (or original nature) without the intervention of the intellect. Zen is all about intuitive understanding, just 'getting it,' and not so much about philosophising.It is not a religion in the popular sense, because Zen has no God to worship, no ceremonial rites to perform, no future abode to which the dead are destined, and, most importantly, Zen has no soul whose welfare is to be looked after by someone else.The complete question:
"In the fifteenth century, Japanese Muromachi culture was heavily influenced by which of the following?
A) European absolutism
B) Zen Buddhism
C) Confucian ethics
D) Repeated foreign invasions"
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if an annuity or royalty is not derived in the ordinary course of a trade or business, it is considered passive activity income.
True, if an annuity or royalty is not derived in the ordinary course of a trade or business, it is considered passive income.
Passive IncomeAn investment or past activity that continues to provide revenue without further work is said to have generated passive income.
Income that requires no work to sustain is called passive income. It could come through a stock market investment, a rental property, or a company in which you have no ownership stake.
There is no guarantee that having a passive income will make you extremely wealthy. Therefore, it is unwise to plan on being wealthy right away. However, if a person has reliable, lucrative passive income choices, they can build up their income over time.
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Select the correct answer.
An Asian country exports cocoa products to Austria. In one season, Austria's government requests the Asian country to limit its exports in order to help
Austria's cocoa products industry. What is this strategy called?
A. embargo on imports
B.
C. quota on exports
D. export duty
import duty
7OE.
voluntary export restraint
Subsidies, standardization, tariffs, quotas, and licenses are the most common trade barriers utilized by nations seeking a protectionist policy or as a form of retaliatory trade barriers.
Which nations are the most important exporters of cocoa?
Today, the country is one of the top makers on the planet. Brazil, Cameroon, the Dominican Republic, Ecuador, Mexico, Nigeria, and Peru are all major cocoa producers.
How is cocoa exported?
You must obtain approval from the Nigerian Customs Service before you can export. You will receive a Certificate of Origin following approval, which must accompany your shipment documents. You will also require a Commercial Invoice, a Packing List, and a Bill of Lading in addition to the Certificate of Origin.
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assuming a new partner has been approved by the existing partners, the new partner, normally, will experience the same general risks and rights of ownership as do the other existing partners. a new partner is liable for all of the obligations of a partnership that arose before their admission except:
A new partner is recruited to an and it by purchasing a stake from an existing partner, presuming the new partner has received approval from the incumbent partners.
What kind of person counts as a partner inside a union?in a partnership Your spouse or the person you have been dating for a significant amount of time is your partner. working in The persons who jointly own a company or business are known as the partners.
What it means to be a partner?Pärd-: a person connected to another, especially in action: a colleague. our military allies throughout the world; a someone with whom one has a personal relationship; a partner.
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Why does an increase in sales tax affect different
income groups?
Answer:
Because lower-income households spend a greater share of their income than higher-income households do, the burden of a retail sales tax is regressive when measured as a share of current income: the tax burden as a share of income is highest for low-income households and falls sharply as household income rises.
Increase in sales tax affects lower-income groups, as they are likely to spend a greater percentage of their income on goods and services that are subject to sales taxes.
Sales tax is a type of consumption tax imposed by the government on the purchase of goods and services. It is a form of regressive taxation, which is defined as a tax that takes a larger percentage of income from those who have less money.
Food, clothing, and other necessities are typically subject to sales taxes, meaning that lower-income households will bear the brunt of the tax burden. Higher-income households, on the other hand, are more likely to spend a larger share of their income on items that are not subject to sales taxes, such as investments and luxury items.
In addition, higher-income households are more likely to be able to take advantage of certain tax deductions, such as charitable donations or mortgage interest payments, which can reduce their overall tax burden.
Moreover, lower-income households do not have access to these tax deductions, so they are less able to offset the impact of an increase in sales taxes.
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if a borrower is going to be denied financing based on an incomplete application, which of the following can be done?
If a borrower is going to be denied financing based on an incomplete application, the following actions can be taken:
The borrower can contact the lender to request more time to complete the application.The borrower can provide additional information or documents to complete the application.The borrower can seek financing from another lender who may have different requirements or acceptance criteria.The borrower can consider alternative financing options, such as personal loans or crowdfunding.The borrower can review the application to identify any errors or missing information and make necessary corrections.To learn more about Financing follow link : https://brainly.com/question/29634203
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if $200 cash is deposited in bank a with a 10 percent reserve requirement, bank a must hold _____ back in a legal reserve account.
if $200 cash is deposited in bank a with a 10 percent reserve requirement, bank a must hold $20 back in a legal reserve account.
Because there are no legal limitations on the use of monies that have been designated as reserves, reserves are rather anachronistic. As a result, money set aside as a reserve can truly be used for anything. Reserve accounting is quite easy to do; all you have to do is credit the reserve account with the same amount that you deducted from the retained earnings account. Simply reverse the item to transfer the balance back to the retained earnings account once the activity that generated the reserve has been finished.
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A firm must choose between two investment alternatives, each costing $100,000. The first alternative generates $40,000 a year for four years. The second pays one large lump sum of $161,200 at the end of the fourth year. If the firm can raise the required funds to make the investment at an annual cost of 10 percent, which alternative should be preferred?
The second alternative should be preferred by the firm, as it will be able to generate more profit over the four years. The present value of the first alternative is $136,000 which can be calculated as ($40,000 x 4) and the present value of the second alternative is given as $161,200. The difference in the present value of the two investments is $25,200, which is more than the cost of raising the required funds.
Assuming the firm can raise the required funds at an annual cost of 10%, the net present value (NPV) of the first alternative is $20,800 ($136,000 – $115,200) and the NPV of the second alternative is $45,120 ($161,200 – $115,200). As the NPV of the second alternative is higher, it should be preferred.
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the total deferred tax asset and deferred tax liability amounts at january 1, 2021, were $156.25 million and $25 million, respectively. the enacted tax rate is 25% each year.
The total deferred tax asset and deferred tax liability amounts at january 1, 2021 is $ 39.065 million and 6.25 million respectively.
The increases in the deferred tax assets and deferred tax liabilities accounts as of December 31, 2021, and the determination of current year income tax payable and related journal entries for 2021 income tax recognition.
Income tax payable = taxable income × tax rate
= $156.25 million × 25%
= $ 39.065 million
$25 ×25%
= $6.25
Deferred tax liabilities are calculated by taking the difference between a company's taxable income and its pre-tax retained earnings multiplied by the expected tax rate. There are no hard and fast rules as deferred tax is simply the difference between the gross profit on your income statement and your tax return.
Deferred tax assets are business tax credits against future taxes and deferred tax liabilities represent tax liabilities that must be paid in the future. You can expect to pay part of the tax upfront or pay additional tax later. One of the most common examples of deferred tax liabilities is when a company depreciates assets differently than the income tax department.
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pls help
give an example of a way a businessperson could manage risk.
Identification, assessment, and control of financial, legal, strategic, and security threats to the assets and profits of an organization can be regarded as risk management.
How a businessperson manages risk?A businessperson can manage risk in the following ways :
1. Measuring the risk
Entrepreneurs must weigh risks carefully before taking them in order to reduce potential risks. Risk weighting is a specialty for most business owners. If the plan doesn't work, they won't lose much, but if it does, they stand to gain a lot from taking the chance.
2. Seeking new opportunities.
Additionally, entrepreneurs have the chance to identify market flaws and come up with fixes. Although pursuing a new opportunity can be difficult, entrepreneurs have the chance to learn a lot from it if their solution is workable. The ability to move first also encourages them to innovate more. Although savvy business owners are aware of their limitations, they don't let a lack of resources restrict their vision.
3. Insurance is a must
By transferring the risks to insurance companies, insurance protects business owners from lost liabilities, illnesses, and accidents. In the event that a business or scheme fails, they have a chance to lose even less by insuring various raw materials and processes.
4. Cut back on financial risks
The key to risk management is lowering financial risk by keeping an eye on your accounts receivable to minimize unpaid balances and identify negative credit risks early in your company's development.
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If you were to advise a company on how to improve its return on assets, which of the following would you recommend?
a. Lower expenses.
b. Improve the days sales outstanding.
c. Increase prices
Increase the efficiency of its assets so that it can increase the company's total assets turnover and generate more sales for each dollar invested in assets.
How can financial ratios be improved?
Delaying any capital purchases that would necessitate cash payments in order to improve the current ratio. Trying to determine whether any term loans can be refinanced. reducing the personal influence on the company. Selling any capital assets that are not bringing in a profit for the company (using the money to pay down current debt)
How can asset return be improved?
By keeping an eye on your asset expenses on a monthly basis, you can reduce asset costs. For instance, inventory is included in your ROA calculations as an asset. By managing inventory levels in accordance with your sales expectations, you can cut costs associated with inventory. Asset costs can rise without increasing income from excessive inventory.
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2. Take a Guess: Amita wants to invest in a fund and choose a few individual stocks and
bonds to invest in. Is she allowed to do this? Or, does she have to choose one or the
other?
Yes, she allowed doing this as it is amita's choice.
What are stocks?All the shares that make up the firm or group's ownership make up its stock. A single common stock represents a minority portion of the company's ownership based on the entire number of issues.
She is capable of doing this as it is her own earnings. Due to the fact that a single balanced portfolio could be made up of a number of different stocks, clients can deposit a little sum of everything into or more organizations and gain access to a wide range of investing alternatives or in other stocks.
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CFP Board is a certification and standard-setting organization that:
1. Establishes and enforces education requirements for CFP® professionals.
2. Establishes and enforces examination requirements for CFP® professionals.
3. Establishes and enforces ethics requirements for CFP® professionals.
All of the given options are correct about Certified Financial Planner Board.
What is CFP?A nonprofit organization called Professional Certification Board of Norms, Inc. (CFP Board) promotes industry standards for personal financial planning in order to benefit the public. To sustain standards of competence and integrity for financial planners who are dedicated to CFP Board and putting their clients' best interests first, we define and enforce the standards for CERTIFIED FINANCIAL PLANNERTM certification.
The CFP Board was established in 1985 as a 501(c)(3) non-profit organization to serve the public interest by promoting the value of services provided by financial planners who have earned the CFP® certification and are professional, knowledgeable, and ethical.
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The Real Estate Settlement Procedures Act (RESPA) is a federal law that requires federally chartered or insured lenders to provide buyers and sellers with expectations of their closing costs prior to the closing date. When a borrower (the buyer) applies for a loan, the lender will provide him/her with which of the following forms that includes details pertaining to specific loan information and an estimate of expenses that the borrower is likely to incur at the closing?
A. Uniform Settlement Statement (HUD-1) form
B. Good-faith estimate
C. Settlement Costs and You booklet
D. Certificate of occupancyAnswer: B. Good-faith estimate
When a borrower (the buyer) submits an application for a loan, the lender will give him or her a good-faith estimate that includes information about the specific loan and an estimation of the costs that the borrower is expected to incur at the closing. As a result, choice (B) is correct.
What does a good faith estimate mean?Prior to 2015, the Real Estate Settlement Procedures Act required that a mortgage lender or broker in the United States present a consumer with a good faith estimate (also known as a GFE).
In order to alleviate consumer misunderstanding, the CFPB replaced the GFE in August 2015 with a loan estimate form that serves a similar purpose but adheres to somewhat different rules. A good faith estimate, also known as a loan estimate, is a template that can be used to evaluate offers or quotes from various brokers or lenders.
Hence, option (B) is accurate.
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when a central bank conducts open-market bond sales in a banking system with limited reserves, the money supply, interest rate, and aggregate demand will change in which of the following ways in the short run?
a central bank conducts open-market bond sales in a banking system with limited reserves, the money supply, interest rate, and aggregate demand will change in purchased government bonds.
The bond market has flourished rapidly over time. There are varieties of bonds in the market and one of the less risky ones is government bonds. Like corporations and individuals, even governments need funds to sort out the public issues in the society or economy. Also known as G-Secs, these bonds raise extra funds from the public in return for interest payments and full capital return on the date of maturity. Investors can buy government bonds offline and online as well.
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On September 1, 2017, Valdez Company reacquired 1,000 shares of common stock the company uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit
On September 1, 2017, Valdez organization reacquired 1,000 stocks of not-unusual stock the business enterprise makes use of the fee method to account for treasury stock. The magazine entry to document the reacquisition of the inventory should debit Treasury stock for $450,000.
A stock is a fashionable term used to describe the ownership certificate of any organization. A proportion, however, refers to the stock certificate of a specific organization. retaining a specific enterprise's percentage makes you a shareholder. Description stocks are of two sorts commonplace and desired.
A debit is an accounting entry that results in either a boom in property or a decrease in liabilities on an organization's stability sheet. In essential accounting, debits are balanced via credit, which operates in the exact opposite route.
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Which of the following briefly describes the classic research on obedience led by Stanley Milgram in the 1960s? having the teacher administer shocks of increasing strength to a learner upon every incorrect response asking for $40 when you really only need $10 having some college students act as guards and having some act as prisoners in a make-believe prison having subjects select which line of three most closely resembles the standard line
Asking for $40 when you really only need $10 briefly describes the classic research on obedience led by Stanley Milgram in the 1960s.
Who was Stanley Milgram?Stanley Milgram was an American social psychologist who lived from August 15, 1933, to December 20, 1984. He is most known for his contentious obedience experiments, which he carried out in the 1960s while serving as a professor at Yale. In designing the experiment, Milgram was influenced by the Holocaust's events, particularly the Adolf Eichmann trial. He taught at Yale, Harvard, and the City University of New York Graduate Center for the majority of his career after receiving a PhD in social psychology from Harvard University. He passed away in 1984.
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amrit and hannah are saving for their daughter keisha's college education. keisha just turned 10 (at t
Annika is aware that her parents may provide $7,500 annually. What will Annika have to pay annually out of her own funds and loans?
What is the pay average?Giving someone money to complete a task or pay off a debt is referred to as paying them. Swapping money for something is referred to as paying.Another term of compensation is salary or pay.. There are many different verbal and noun settings where pay can be utilized.. Paying a payment or a debt entails doing something like paying your restaurant check or your utility payment.
What is a pay example?Example: Sandy receives weekly paychecks for a salary of $120,000 per year. Sandy so receives roughly $2,300 weekly. Whenever you receive a
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Pinkney corporation has provided the following data concerning its direct labor costs for November :
Standard wage rate $12.20
Standard hours 5.3 dlhs per unit
Actual wage rate $11.20 per dlh
Actual hours 39,720 dlhs
Actual output 7,900 units
Show the journal entry to record the incurrence of direct labor costs .
If Pinkney corporation has provided the following data concerning its direct labor costs for November. the journal entry to record the incurrence of direct labor costs : Debit Work in Process $510,814 ,Credit Labor Rate Variance $39,720 ,Credit Labor Efficiency Variance $26,230,Credit Wages Payable $444,864
What is journal entry?Journal entry is used to record day to day business transaction.
Standard Hours = 7,900 × 5.3
Standard Hours= 41,870
Labor Efficiency Variance = (39,720 – 41,870)× $12.20
Labor Efficiency Variance = $26,320 F
Labor Rate Variance = 39,720× ($11.20 - $12.20)
Labor Rate Variance = $39,720 F
Wages Payable = 38,720× $11.20
Wages Payable = $444,864
Journal entry
Debit Work in Process $510,814
Credit Labor Rate Variance $39,720
Credit Labor Efficiency Variance $26,230
Credit Wages Payable $444,864
(To record the incurrence of direct labor costs)
Therefore the entry is Debit Work in Process $510,814 ,Credit Labor Rate Variance $39,720 ,Credit Labor Efficiency Variance $26,230 ,Credit Wages Payable $444,864.
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in the case of a basket purchase, the cost of the land and building is . multiple choice question. split among the assets purchased in proportion to the market value of the assets as a whole split equally among the assets purchased split among the assets purchased based on management's judgment recorded to the building account, and not the land, because land does not depreciate
While buildings have a 20-year useful life, land does not depreciate over that time.
A house is what kind of an asset?
Physical Resources. Any tangible asset you own that is valued and can be handled is considered a physical asset. Property, homes, automobiles, boats, RVs, jewelry, and artwork are just a few examples of tangible possessions that might be sold to raise money for mortgage eligibility.
What does the term asset mean?
A resource having economic worth that a person, business, or nation owns or administers with the hope that it will one day be valuable is known as an asset. The balance sheet of a business contains a list of assets. Four categories are used to categorize them: present, fixed, financial, and tangible.
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the direct write-off method multiple choice question. could result in a mismatching of expenses and revenue is a commonly used method for financial reporting purposes is not allowed for income taxes purposes
The direct write-off method could result in a mismatching of expenses and revenue.
Thus, the correct answer is A.
What is the direct write-off method?To better understаnd the аnswer to “whаt is the direct write-off method,” it’s the first importаnt to look аt the concept of “bаd debt”. Bаd debt refers to аny аmount owed by а customer thаt will not be pаid. The direct write-off method of аccounting for bаd debts аllows businesses to reconcile these аmounts in finаnciаl stаtements.
GААP stаtes thаt expenses аnd revenue must be mаtched within the sаme аccounting period. However, the direct write-off method аllows losses to be recorded in different periods from the originаl invoice dаtes. This meаns thаt reported losses could аppeаr on the income stаtement аgаinst unrelаted revenue, which distorts the bаlаnce sheet. It will report more revenue thаn might hаve аctuаlly been generаted.
Your question is incompletely arranged, but most probably your full question was
The direct write-off method multiple-choice question.
a. could result in a mismatching of expenses and revenue
b. is a commonly used method for financial reporting purposes
c. is not allowed for income taxes purposes
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When corporate departments such as marketinghuman resources, and information technology implement plans of action that support higherlevel strategies they are following a(n)____strategy : A) executive B) foundational C) comprehensive D) funcional
The correct answer for this question is- Functional Strategy.
What is Functional Strategy?A functional strategy, commonly referred to as a "departmental strategy," addresses each organizational function and how the division or organizational unit assigned to that function will accomplish its strategic goals (a component of the business/competitive strategy). This is often accomplished through enhancing or boosting production and efficiency within the functional unit.
Examples- production strategy, marketing strategy,advertisement strategy,
sales strategy,human resources strategy , inventory strategy, financial strategy, training strategy, etc.
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Because the speed of check-processing time is increasing, to avoid overdrafts, an account-holder needs to verify that funds are available to cover a check when it is written.
True
Because the speed of check-processing time is increasing to avoid overdrafts an account holder needs to verify that funds are available to cover a check when it is written as True.
A checking account is said to be not funded or not funded when it does not have the funds necessary to cover a transaction. The NSF acronym also refers to fees charged to customers for presenting checks. Otherwise, such payments cannot be covered by your account balance.
The bank must make the first $225 of the deposit available for cash withdrawal or check issuance by the beginning of the next business day after the bank business day of the deposit. Business Days Check Validation is a system that checks a national database of information about an individual to ensure that the check has been cleared and has not been tampered with.
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1. Definition of economic costs
Darnell lives in Dallas and operates a small company selling scooters. On average, he receives $714,000 per year from selling scooters. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $414,000. He also pays several utility companies, as well as his employees wages totaling $267,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $3,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Darnell does not operate the scooter business, he can work as a nurse and earn a yearly salary of $21,000 with no additional monetary costs, and rent out his storefront at the $3,000 per year rate. There are no other costs faced by Darnell in running this scooter company.
Identify each of Darnell’s costs in the following table as either an implicit cost or an explicit cost of selling scooters.
Implicit Cost
Explicit Cost
The wages that Darnell pays
The salary Darnell could earn if he worked as a nurse
The wholesale cost for the scooters that Darnell pays the manufacturer
The rental income Darnell could receive if he chose to rent out his showroom
Complete the following table by determining Darnell’s accounting and economic profit of his scooter business.
Profit
(Dollars)
Accounting Profit
Economic Profit
Answer:
Explicit Cost
The wages that Darnell pays
The wholesale cost for the scooters that Darnell pays the manufacturer
Implicit Cost
The salary Darnell could earn if he worked as a nurse
The rental income Darnell could receive if he chose to rent out his showroom
Profit
(Dollars)
Accounting Profit: $714,000 - $414,000 - $267,000 = $33,000
Economic Profit: $714,000 - $414,000 - $267,000 - $21,000 - $3,000 = $10,000
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country A has a(n):
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country A has a(n): $2 billion trade surplus with country B.
What is long run market in business?When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.
The term "long run" refers to a time frame during which all cost and production elements are movable. A business will eventually look for the production technology that will enable it to produce the necessary level of output for the least amount of money.
The long run is a theoretical concept in economics where all markets are in equilibrium, all prices have fully adjusted, and all quantities are in equilibrium. The short-run, where there are certain restrictions and markets are not completely in equilibrium, contrasts with the long-run.
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in terms of its treatment of income, expenses and taxes a general partnership is essentially a sole proprietership consisting of more than one person so each partner pays taxes and receives income based on their proportionate interest in the partnership
In terms of its treatment of income, expenses, and taxes a general partnership is essentially a sole proprietorship consisting of more than one person is a True Statement.
In a partnership, two or more persons jointly own the company and are responsible for managing it and for any profits or losses it makes.
An individual who operates an unincorporated business alone is known as a sole proprietor. However, if you want to classify a domestic limited liability company (LLC) as a corporation and you are the only member, you are not a sole owner. You establish a sole proprietorship as soon as you start selling goods and services to other people.
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