When we move up or down a given demand curve downward from the left to the right.
Price elasticity of demand is a dimension of the change in the consumption of a product in relation to a change in its price. Expressed mathematically, it's Price Pliantness of Demand = Chance Change in Quantity Demanded ÷ Chance Change in price.
A good's price pliantness of demand is a measure of how sensitive the volume demanded is to its price. When the price rises, the volume demanded falls for nearly any good, but it falls more for some than for others. Price pliantness of demand is the rate of the change in volume demanded of a product to the chance change in price. Economists employ it to understand how force and demand change when a product's price changes.
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Work in process inventory on December 31 is $42,000. Work in process inventory decreased by 40% during the year. Total manufacturing costs incurred amount to $260,000. What is the cost of goods manufactured?
The manufactured cost of items was $288,000 dollars.
The entire manufacturing expenses for items that are completed during a certain accounting period are the cost of goods manufactured. The direct labor, direct materials, and manufacturing overhead costs for the items that are transferred from the production line to the finished goods stock are covered by these costs.
Work in progress inventory on Dec 31 = Ending work in process = $42,000
Work in process decreased by 40% during the year
Hence ending work in process inventory is equal to 60%
Opening work in process inventory = Ending work in process × 100 ÷ 60
= $42,000 × 100 ÷ 60
= $70,000
Total manufacturing cost = $260,000
Cost of goods manufactured = Opening work in process + Total manufacturing cost - Ending work in process
= $70,000 + $260,000 - $42,000
= $288,000
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Describe three styles of menu boards that a counter-service restaurant might use.
The five basic varieties of menus used in restaurants are also the ones that are utilized the most. There are five types of menus: a la carte, static, du jour, cycle, and fixed.
What kinds of menus are most frequently used?A la carte, static, du jour, cycle, and fixed menus are the five types of menus that are utilized the most frequently.
A menu board is what?a menu board is a building specifically created to display menu items and their associated pricing for the purpose of taking orders for them in connection with a restaurant that offers drive-through service.
What are the names of menu boards?Menu boards, also known as café display signs, come in a variety of designs to fit the demands of any business or budget. These items have a textured writing surface and are made to work with classic stick chalk as well as liquid chalk tools and wet-erase markers.
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Shareholders' Equity ($ in millions)
Common stock, 240 million shares at $1 par $ 240
Paid-in capital—excess of par 1,680
Paid-in capital—share repurchase 1
Retained earnings 1,100
Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (a) retired and (b) viewed as treasury stock.
On November 14, 2023, the corporation sold 2 million shares at $7 per share.
2. Prepare the shareholders’ equity section of TNL Systems’ balance sheet at December 31, 2023, comparing the two approaches. Assume all net income earned in 2021–2023 was distributed to shareholders as cash dividends.
1. The journal entries for the purchase and subsequent resale of the shares assuming the shares are:
a) Retired:Feb. 5, 2021, Debit Common Stock $6 million
Debit Paid-in capital $54 million
Credit Cash $60 million
July 9, 2021, Cannot be resold.
Nov. 14, 2023, Cannot be resold.
Treasury Stock:Feb. 5, 2021, Debit Treasury Stock $6 million
Debit Paid-in capital $54 million
Credit Cash $60 million
July 9, 2021, Debit Cash of $24 million
Credit Treasury Stock $2 million
Credit Paid-in capital of $22 million
Nov. 14, 2023, Debit Cash of $14 million
Credit Treasury Stock $2 million
Credit Paid-in capital of $12 million
2. The preparation of the shareholders' equity section of TNL Systems' Balance Sheet on December 31, 2023:
Viewed as Retired Stock:
Shareholders' Equity ($ in millions):Common stock, 240 million shares at $1 par ($240 - 6) $234
Paid-in capital—excess of par (1,680 - 54) $1,626
Paid-in capital—share repurchase 1
Retained earnings 1,100
Viewed as Treasury Stock:
Shareholders' Equity ($ in millions):Common stock, 240 million shares at $1 par $240
Paid-in capital—excess of par (1,680 - 54 + 22 + 12) 1,660
Paid-in capital—share repurchase (1 + 7 - 2 - 2) 4
Retained earnings 1,100
What is treasury stock?Treasury stock is the shares repurchased by the issuer from stockholders.
When shares are repurchased, they can be retired permanently, that is, removed from the company's records, or they can be held as treasury stocks and subsequently resold.
Transaction Analysis:Retired:Feb. 5, 2021, Common Stock $6 million Paid-in capital $54 million Cash $60 million
July 9, 2021, Cannot be resold.
Nov. 14, 2023, Cannot be resold.
Treasury Stock:Feb. 5, 2021, Treasury Stock $6 million Paid-in capital $54 million Cash $60 million
July 9, 2021, Cash $24 million Treasury Stock $2 million Paid-in capital $22 million
Nov. 14, 2023, Cash $14 million Treasury Stock $2 million Paid-in capital $12 million
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Question Completion:On February 5, 2021, TNL Systems purchased 6 million shares at $10 per share.
On July 9, 2021, the corporation sold 2 million shares at $12 per share.
On November 14, 2023, the corporation sold 2 million shares at $7 per share.
How would you explain allocative efficiency in a purely competitive market structure?
The purely competitive market structure is allocative efficient because production takes place at a point where price is equal to marginal cost.
What is a purely competitive market?A purely competitive market is a market structure that is characterised by many sellers of goods that are considered homogenous. There is perfect information in the market and the price in this market is set by the forces of demand and supply. In a purely competitive market, there is little or no barriers to entry into the market.
In a purely competitive market is allocative efficient because products are optimally distributed among buyers in an economy. This means that production takes place at a point where price is equal to marginal cost.
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A company reported the following: Cost of Goods Sold $201,200 General, Selling, and Administrative Expenses 52,920 Income Tax Expense 3,720 Inventory 30,000 Net Income 23,880 Sales Revenue 287,000 Sales Discounts 2,840 Sales Returns & Allowances 2,440 What is the amount of income before income taxes?
Based on the Net Income and the Income tax expense, the amount of income before income taxes is $27,600
How to find the pre-tax income?The pre-tax income or income before income taxes, is the net income that they come has before they have to deduct company income taxes from it.
The formula for the income before income taxes is:
Income before income taxes = Net income + Income tax expenses
Solving for income before income taxes gives:
Income before income taxes = 23,880 + 3,720
Income before income taxes = $27,600
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Choose the answer that best completes the visual analogy.
The correct answer for this visual analogy is option B.
This question is based on proportions of figures and signs. In the question we are given that the first figure has certain similarities with the second figure, and we need to determine the figure which shows similarities with the third figure. In the first figure we have 6 oval shaped figures consisting of 8 dots in them and in second figure we have eight circular shaped figures consisting of six plus signs. Now, in the third figure we have nine square shaped figures consisting of 4 multiplication signs in them. So, we need a figure having 4 shapes and nine signs in them which can be seen in the option B that is 4 oval shaped figures and nine dots in them.
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All of the following information should be researched before a job interview EXCEPT _____.
a.
the occupational field
b.
the employer
c.
the office dimensions
d.
the specific job
Answer:
C. The office dimensions
Explanation:
How are property rights connected to economic growth?
Problem 8-12 (Algo)
A toy manufacturer produces toys in five locations throughout the country. Raw materials (primarily barrels of powdered plastic) will be
shipped from a new, centralized warehouse whose location is to be determined. The monthly quantities to be shipped to each location
are the same. A coordinate system has been established, and the coordinates of each location have been determined as shown.
Determine the coordinates of the centralized warehouse. (Round X and 9 to 1 decimal place.)
Location
A
6
C
D
E
(x,y)
5,8
X=
8,5
8,6
8,8
6,8
Click here for the Excel Data File
The coordinates of the centralized warehouse are
[tex]\mathrm{x}^{-} \mathrm{x}^{-}=5.6, \mathrm{y}^{-} \mathrm{y}^{-}=4.8[/tex]
This is further explained below.
What is a manufacturing account?Generally, The manufacturing account provides details on all of the expenditures and costs that were spent throughout the process of preparing the items for sale in the marketplace. This comprises costs incurred throughout the process of preparing the items but does not include costs associated with the completed products.
The primary objective of compiling a Manufacturing Account is to ascertain the expenses associated with the production of completed items. It contributes to the reduction of the overall costs associated with industrial operations. After that, the funds for the expenses of completed items are sent from this account to the Trading Account.
An internal financial statement known as a Manufacturing account is used by enterprises in order to keep tabs on their production expenses, the resources that are utilized, and their inventory levels.
In conclusion, The placement of the main warehouse needs to be chosen such that it is in the center of gravity.
The following are the coordinates to use:
[tex](\frac{(2+8+8+4+6)}{ 5}),(\frac{(7+3+8+1+5}{5})[/tex]
So,
[tex]x^{-} x^{-}=28 / 5, y^{-} y^{-}=24 / 5[/tex]
in integer terms :
[tex]\mathrm{x}^{-} \mathrm{x}^{-}=5.6, \\\\\mathrm{y}^{-} \mathrm{y}^{-}=4.8[/tex]
Hence
[tex]\mathrm{x}^{-} \mathrm{x}^{-}=5.6, \mathrm{y}^{-} \mathrm{y}^{-}=4.8[/tex]
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Consider a company, which stock is currently trading at €8.00. The company has just paid a
dividend of €0.30 per share. You expect the dividend to increase by 10% for the next two years and then
increase by 5% per year forever. Suppose that your required return in case of this company is 8%.
Estimate the value of this company’s stock by using a two-stage Dividend Discount Model and judge
whether this company’s stock is undervalued, fairly valued, or overvalued.
The value of the company's stock using the two-stage dividend model is $11.51.
The stock is undervalued.
What is the value of the stock?The two-stage dividend growth model is used to determine the intrinsic value of a stock based on the assumption that the stock has two distinct stages of growth. The first is a period of fast growth and the second stage is the period of more stable growth.
The first step is to determine the future value of the dividend in the first stage:
Divided value in year 1 = 0.30 x 1.1 = 0.33
Divided value in year 2 = 0.30 x 1.1² = 0.363
Value of the dividend in the period of 5% indefinite growth : 0.362 x 1.05/ (0.8 - 0.5) = 12.705
The next step is to determine the present value of these cash flows:
0.33 / 1.08 + 0.363 / 1.08² + 12.705 / 1.08² = $11.51
If the intrinsic value of the stock is greater than the price at which the stock is trading, the stock is undervalued. If the intrinsic value is less than the price at which the stock is trading, the stock is overvalued.
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One of the three basic functions performed by the Equal Employment Opportunity Commission is:
A) Mission statement assessment
B) Developing diversity management plans
C) On-the-job training
D) The creation and updating of universal job descriptions and job specifications
E) Mentoring assessment
One of the three basic functions performed by the Equal Employment Opportunity Commission is D) The creation and updating of universal job descriptions and job specifications.
What is the function and the purpose of Equal Employment Opportunity Commission?The function and the purpose that can be attributed to the Equal Employment Opportunity Commission is that it help top bring an end to the discrimination that is been done by the employer in the process of giving employment to the public, however this discrimination could be base on the factor such as race as well as age and nationality.
It should be noted that this act actually help so many people that could not secure a job for themselves as a result of how those employer do discriminate on the people before giving out the appointment letter without considering about the qualification of the applicants and after this people were happy to get job.
Therefore, option D is correct.
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describe the roles organizations have in the global economy
Their duties include upholding safety standards, assisting developing nations in achieving economic stability, and defining conventions for how nations negotiate trade deals and settle disputes.
This is further explained below.
What is the global economy?Generally, The term "global economy" refers to the aggregate of all economic transactions and activities that take place not just inside a country but also between nations.
Every nation is its own self-contained entity, complete with its own unique output of manufactured goods, labor market, financial market, resources, and natural environment.
In conclusion, Their responsibilities include preserving safety standards, supporting developing countries in attaining economic stability, and creating conventions for how states negotiate trade agreements and resolve disputes.
In addition, they are tasked with assisting in the resolution of disputes.
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Obesity is a growing public health concern worldwide. Adults with a high body mass index (BMI) of 25 or greater are considered overweight or obese. The table shows the number of adults (in millions) who are overweight or obese in countries with different income levels, based on data from the World Health Organization and the United Nations. Country income level Millions with high BMI MIllions with low BMI Total
In the United States, obesity is become a public health emergency. In addition to type 2 diabetes, cardiovascular disease, high blood pressure, and cancer, the disorder, which entails having an excessive quantity of body fat, is associated to other serious chronic illnesses.
The required details for obesity in given paragraph
In the case of obesity, abnormal or excessive body fat has built up to the point that it could be harmful to one's health. This condition is frequently referred to as a sickness. Despite acknowledged allometric inaccuracies[a], a person is considered obese if their body mass index (BMI), which is calculated by dividing their weight by their height squared, is greater than or equal to 30 kg/m2.
Overweight is defined as having a BMI between 25 and 30 kg/m2. To determine obesity, some East Asian nations utilize lower numbers.
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Warner Company’s year-end unadjusted trial balance shows accounts receivable of $112,000, allowance for doubtful accounts of $730 (credit), and sales of $410,000. Uncollectibles are estimated to be 1.50% of accounts receivable.
1. Prepare the December 31 year-end adjusting entry for uncollectible.
2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $950?
If the uncollectible are estimated to be 1.50% of accounts receivable. The December 31 year-end adjusting entry for uncollectible is: Debit bad debts expense $950 ; Credit Allowance or doubtful accounts $950
Adjusting entry for uncollectiblea. Adjusting entry
Using this formula the uncollectible amount
Uncollectible amount = ( Accounts receivable × Uncollectible percentage ) - Allowance for doubtful accounts
Let plug in the formula
Uncollectible amount = ( $112,000 x .015) - $730
Uncollectible amount = $1,680 - $730
Uncollectible amount = $950
The adjusting entry for uncollectible is :
Debit bad debts expense $950
Credit Allowance or doubtful accounts $950
b. Adjusting entry
Using this formula the uncollectible amount
Uncollectible amount = ( Accounts receivable × Uncollectible percentage ) - Allowance for doubtful accounts
Let plug in the formula
Uncollectible amount = ( $112,000 x .015) + $950
Uncollectible amount = $1,680 + $950
Uncollectible amount = $2,630
The adjusting entry for uncollectible is :
Debit bad debts expense $2,630
Credit Allowance or doubtful accounts $2,630
Therefore the entry is to Debit bad debts expense for the amount of $950 and Credit Allowance or doubtful accounts for the amount of $950.
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Write a response to the following behavioral question using the behavioral question response model. Remember, if you do not have work experience, consider other group or school situations.
Tell me about a time where you were forced to make an unpopular decision.
Student responses will vary, but should follow the behavioral question response model.
1. Describe the situation.
2. Explain the actions taken.
3. Describe the outcomes.
4. Summarize what was learned from the experience.
You should start by recalling a time when you had to make a choice that was paradoxical, unexpected, or curious.
Procedure for writing the text:
Give a brief overview of the decisions that had to be made.Indicate the choice you've made.List the factors that contributed to your decision.Give an explanation of what makes this decision unusual.Show how the public responded to that choice.Indicate the outcomes that the choice fostered and whether they were favorable or unfavorable.Remember that your response must be unbiased while also deeply addressing your experience.
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what is the role of finance manager in finance sector
Role of financial managers' embody leading designing and foretelling initiatives with business partners to fulfill organisational and business objectives.
Financial managers generally keep an eye fixed on a company's finances and work to keep up its property.
They superintend crucial tasks like keeping tabs on income, determining profitability, dominant outlay, and making reliable money information.
Creating correct money reports and knowledge, making income statements, sticking profits, managing credit, giving steering on money choices ar simply a number of of the common duties of a money manager.
Managing the danger of economic loss, managing investments, and creating money projections.
Financial managers should not sleep to this point on the restrictive frameworks that apply to their employers.
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Catherine bought a painting at an auction for $3,800. Since the seller is shipping the painting, she must pay a shipping charge of $200. She must also pay GST (5%) and PST (7%) on the painting. Determine the total purchase price of the painting.
Answer:
4,494$.
Explanation:
take the 3,800$ and add 200$=4,000$ +5% which is 5/100=4,200$ add 7% which is 7/100=4,494$.
why not add 5 and 7=12 and then use it to make the total price? because 12% is different. how? if you add 12% to 4,000$ it will equal to a different number which is 4,480$.
An emergency fund should NOT be used for...
repairing your laptop that you use for homework.
a sudden health issue that needs care.
a last minute school trip.
fixing a blown tire on your car that you use to get to
work.
An emergency fund should NOT be used for a last-minute school trip.
This is further explained below.
What is an emergency?Generally, An emergency is a sudden, serious, and often hazardous crisis that puts people's health, lives, property, or the environment in jeopardy right away and calls for rapid action.
a. an unexpected or abrupt event, especially one that poses a threat and necessitates quick response.
It is NOT a good idea to spend money from an emergency fund to pay for a last-minute school trip.
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This chapter describes the possibility of menus displayed on a handheld or table-top
screen and provided to customers to make their own selections-not particularly
different from what many people do on a smart phone.
What potential problems would you envision with such an approach to menus? (List
three.)
What steps or procedures could a manager take to address those problems?
When a customer is unfamiliar with the technology, it could result in issues, like an elderly couple.
What potential issues could there be with this method of creating menus?This approach could result in the following potential issues.
Potential issues can arise when a consumer is unfamiliar with the technology. For instance, an elderly couple dining with you would undoubtedly find it difficult to acclimate to the new technology.Digital menus must be visible to customers.The digital menu is not available for customers to take to their table or seat from the counter.There are up-front costs associated with digital displays for equipment, software, licensing, and data.Service contracts might be necessary.What procedures or steps could a manager implement to deal with those issues?The digital restaurant menu expands client access and allows for simple customization. It also develops effective customer service. The advantages of digital menus versus traditional menus are numerous and go beyond just one.
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Can anyone help me with this?
Answer:
Here are the answers :D Hope this helps!
Explanation:
What financial report will you use to determine if a company has made a profit?
The "income statement" is read top to bottom, beginning with revenues, sometimes known as the "top line." Taxes are subtracted after expenses and charges. The company's net income or profit is the result before any returns are paid, and it is from this that the term "bottom line" is derived.
What is financial reporting?The practice of recording and conveying financial performance over certain time periods, often on a quarterly or annual basis, is known as financial reporting.
Financial reports are used by businesses to compile accounting data and present their current financial situation. Numerous financial data are available for public scrutiny and are crucial in the estimates of future profitability, industry position, and growth.
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With a(n) ______ plan, an employee may receive a bonus of a specified percent of his or her salary if the business meets or exceeds its financial goals.
With a standard hour plan, an employee may receive a bonus of a specified percentage of his or her salary if the business meets or exceeds its financial goals. Thus, option C is correct.
What is a income?Income is the portion of a person's property or an employee's earnings from a job well done or from any kind of investment someone has made. This is earned by the employees who have been working.
This will make them earn the goal that has been made by the workers that were being made with the help of bonuses. This suggests that the Financial goal is based on the standard hour plan.
Therefore, option C is the correct option.
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The question is incomplete, the complete question is:
A) variable pay B) straight piecework C) standard hour plan D) standard piecework
Milk has an inelastic demand, and steak has an elastic demand. Suppose that a mysterious increase in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50 percent.
1.Refer to Scenario 3-1. The change in equilibrium price will be
a. greater in the milk market than in the steak market.
b. greater in the steak market than in the milk market.
c. the same in the milk and steak markets.
d. unknown without more information.
The change in the Equilibrium price of the Milk which has an inelastic demand will tend to increase in both the milk and steak markets. Hence, option C is appropriate.
What is an Equilibrium Price?The equilibrium price is the process in which both the economic and the standard process also get along the normalcy here, in an economical way. The equilibrium price is a process whereby the supply and demand, both these aspects are the same for a commodity that is in the market.
The Equilibrium Price in when for a product the supply and demand are the same, these supply or demand changes. All these lead to the finding of the aspect that if an object is strictly not able to be moved out of the way due to the process of External Elements which might act as a catalyst and change.
The Equilibrium Price is very much significant in its way. It helps to analyze the economical aspect of the market. Hence, option C is correct.
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Which accurately describes a situation in which consumers have elastic demand?
A company starts using sugar instead of corn syrup because its revenues are up.
People give up eating pasta and bread because they want to lose weight.
Consumers boycott a restaurant because the waiters aren't paid minimum wage.
A restaurant starts using margarine instead of butter because butter becomes more expensive.
The statement which accurately describes a situation in which consumers have elastic demand is that, a restaurant starts using margarine instead of butter because butter becomes more expensive.
Any person who tends to buy a product or service becomes a consumer of that product or service. So, the income of a consumer tends to determines which product or service he or she can afford to buy. It is observed that the majority of consumers suffer when the prices of basic goods rise.
The elastic demand tends to examine the responsiveness of the quantity demanded of a product or service which is due to the change in its price. Thus, the demand for butter is elastic due to the availability of a close substitute, which is, margarine.
Hence, option D is correct.
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Is philosophy really necessary in business?
There are many regulations that guide how businesses can operate but there are also deeper values that inform how we make personal decisions within that business. Philosophy can help us understand those values, how to communicate them and how to resolve conflicts when they are arise.
Answer: Yes, philosophy can help us understand deeper values that inform how we make personal decisions within that particular business
Explanation: We have to set ourselves apart from other businesses to thrive in the market. Ideally, your core values as a company are what set you apart. These core values become the business philosophy that your team and your respective clients experience from your side.
Business core values start from your own core values. When you intermix your principles into the business philosophy, your core principles become part of the company's core values or you can call it as company's philosophy. A company that has a +ve attitude seems to be more successful and productive.
Changing the company's business philosophy from time to time is also very important according to the market. Either you can change the leadership or the leader's mind.
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How might a Space Called Tribe and the larger efforts of the Center for Black Innovation lead to opportunity for local entrepreneurs?
Space Called Tribe and Center for Black Innovation could create opportunities for entrepreneurs because they form a business support network for small entrepreneurs.
What is Space Called Tribe?Space Called Tribe is a joint work space founded by Felecia Hatcher where a space is offered for small businesses to have access to some useful services for the development of their businesses, such as:
WifiOffice spaceConference roomsCollaboration OpportunitiesWorkshopsGuest speaker events.Additionally, this space serves for entrepreneurs to share their experiences and create networks and relationships of support.
What is the Center for Black Innovation?The Center for Black Innovation is a space founded by Felecia Hatcher where investment and innovation are promoted in marginalized communities with the help of a group of experts in innovation and business development.
How Space Called Tribe and Center for Black Innovation could generate opportunities for local entrepreneurs?Space Called Tribe and Center for Black Innovation could generate opportunities for entrepreneurs because they are spaces where local entrepreneurs will find a network of support to develop their ideas.
There they will find the support of experts in innovation and business and a network of micro-entrepreneurs who will share their experience with the aim of contributing significantly to the growth of the companies of small entrepreneurs.
Note: This question is incomplete because the text is missing. Here is the name of the text.
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Which statement(s) about the accrual-based method of accounting are true? Select all that apply.
A. Revenue is recognized when a customer places an order
B. Revenue is recognized when payment is received
C. Expenses are recognized when the cash leaves the bank account
D. Revenue is recognized when earned
B. Revenue is recognized when payment is received is true about the accrual based method. When the payment is received then only it is recorded.
What is the accrual accounting?
A corporation can use accrual accounting, a financial accounting technique, to record revenue before receiving payment for goods or services sold and expense data as it is incurred.
In other words, regardless of when money changes hands, the revenue made and expenses incurred are recorded in the company's journal. Cash basis of accounting, which records revenue when the products and services are actually purchased, is sometimes contrasted with accrual accounting.
According to the accrual accounting technique, revenue or expenses are recorded when a transaction takes place rather than when a payment is paid or received.The matching principle, which states that revenues and expenses should be recognized in the same period, is followed by the approach.Double-entry accounting is used in accrual accounting.Companies having average annual revenues of $25 million or more over three years are required to use accrual accounting.The alternative accounting approach is called cash accounting, and it only records transactions when money is exchanged.To know more about accrual accounting, refer:
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“Are you looking for a rewarding opportunity in management?”
The above statement is taken from a job advertisement. If Jessica is tailoring her résumé to this advertisement, which of the following words should she include, because it is most likely a keyword?
a.
looking
b.
rewarding
c.
opportunity
d.
management
Answer:
D
Explanation:
thanks for the points
correct meh if its wrong
Management words should she include, because it is most likely a keyword. In order to achieve desired goals and objectives, a person or group of people must be challenged and managed opportunity , according to the concept of management.
Furthermore, the capacity to organize, supervise, and guide people is a component of management. Business management is the organization and coordination of commercial activity. Managers of businesses keep an eye on operations and help employees be as productive as possible. By managing or opportunity new employees, a manager can help a business achieve its operational and financial objectives. Management is the art of increasing productivity as a social process, a way to accomplish tasks with the help of others.
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In her efforts to help marginalized people gain technical and business experience, how was Felecia Hatcher’s progression similar to business growth and grand expansion?
Felecia Hatcher's progression is similar to business growth and big expansion because she helps small businesses grow organically with the help of a support network made up of other micro-businesses.
What does the text talk about?The text describes how Felecia Hatcher, from her youth, had a talent for developing productive projects and finding support from investors to turn a small business into a real company. Later, she became an entrepreneurial leader who set out to help small businesses in Miami find investors and grow their businesses. Felecia's main purpose was to grow businesses for underserved people in Miami.
How is Felecia's progression similar to business growth and big expansion?Felecia's progression resembles commercial growth and great expansion because it is contributing to the growth of micro-enterprises, this includes the commercial growth of micro-enterprises that will be able to offer their products to a greater number of people.
On the other hand, they will experience structural growth because they will have the support of other microentrepreneurs and partners with capital who will provide them with economic support, generating their growth and expansion.
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Text: Fostering Entrepreneurship in "Innovation Deserts"
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Identifying accurately the resources required to start a business venture, including all the activities and processes in the business, is best accomplished by
a. making financial assumptions.
b. defining a launch strategy.
c. positioning a venture in the value chain.
d. constructing a business process map.
e. creating a timeline.
Building a business process map helps you accurately identify the resources needed to start a business venture. Option d is correct.
What is a business process map?It corresponds to a tool that allows organizations to have a visualization in the form of graphics of all activities and processes developed within the company.
Through process mapping, it is possible to increase understanding of the necessary steps for the development of products, processes and services, so that the organizational flow occurs as planned.
Therefore, the mapping of processes helps to identify the resources necessary to start a commercial enterprise by allowing the visualization of the resources necessary for all the stages and processes that the company will go through to reach its objectives and market goals.
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