The least important evidence of a cpa firm's evaluation of its system of quality controls would concern the cpa firm's policies and procedures with respect to determination of audit fees
Coverage is a deliberate system of tips to guide decisions and achieve rational effects. A policy is a statement of intent and is carried out as a method or protocol. policies are generally followed by way of a governance frame inside an corporation.
Coverage is a law, regulation, manner, administrative action, incentive, or voluntary exercise of governments and other institutions. policy selections are frequently reflected in aid allocations. health may be influenced by regulations in lots of unique sectors.
The term may additionally practice to authorities, public quarter agencies and agencies, as well as individuals, Presidential government orders, corporate privacy policies, and parliamentary policies of order are all examples of coverage. coverage differs from rules or law.
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a mutually exclusive project is a project whose: multiple choice acceptance or rejection has no effect on the acceptance of other projects. npv is always negative. irr is always negative. acceptance or rejection affects the acceptance of other projects. cash flow pattern exhibits more than one sign change.
A mutually exclusive project is a project whose acceptance or rejection affects other projects.
What is Capital Budgeting?
Capital Budgeting in finance is an important process for investors as it guides in the decision making and selection of projects for investment purposes. There are several methods that can be applied and are classified majorly into discounting and non-discounting methods
Under capital budgeting, a project can be considered to be independent or mutually exclusive. The two are different in that:
Independent projects can be selected as long as they meet the requirements of the capital budgeting method applied and have the available resources for undertaking the project.Mutually exclusive projects are those that compete for the same resources and therefore, can only be selected from a group of projects. Under mutually exclusive projects, acceptance of one results in the rejection of the rest.To learn more about capital budgeting, refer: https://brainly.com/question/21598960?referrer=searchResults
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suzuki supply reports the following amounts at the end of 2021 (before adjustment). credit sales for 2021 $ 260,000 accounts receivable, december 31, 2021 55,000 allowance for uncollectible accounts, december 31, 2021 1,100 (credit) exercise 5-19a part 1 required: 1. record the adjusting entry for uncollectible accounts using the percentage-of-receivables method. suzuki estimates 12% of receivables will not be collected.
31st Dec 2012 $3,500 in Bad Debts and Dr. To provide for questionable debts or accounts that are not collectable Cr. $3,500. Uncollectible debts are accounts that are %expected not to be paid.
Allowance=$45000×10/100−$1000=$3500
2) Date Specific Amount Dr. Amount Cr. December 31, 2012 Allowance for questionable debts or uncollectible accounts: Bad Debts A/c Dr. $5,000 To To Cr. $5,000
Uncollectible accounts (bad debts): $250,000 x 2/100 = 5000
Bad debts are estimated at 2%. Additionally, using this method, the credit balance will not be changed.
3 Method, and Effect
Assets Total Income
Method based on percentage of receivables Reduce $3,500 by $3,500 when 10% of the receivables are not collected. When 2% of receivables are not collected, the percentage of credit sales decreases by $5,000.
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Investors who believe that interest rates will rise most likely prefer to invest in?
Investors who accept that interest rates will rise most probably prefer to invest in inverse floaters.
Which types of investments are most sensitive to interest rate risks?Since interest rates and bond costs are inversely correlated, the risk associated with a peak in interest rates causes bond costs to fall, and vice versa. Bond investors, especially those who fund in long-term fixed-rate bonds, are more instantly exposed to interest rate risk.
Bonds have an inverse connection to interest rates. When the cost of borrowing funds rises (when interest rates rise), bond costs usually fall, and vice-versa.
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Which organization most fully protects owners from personal liabilities and is taxed separately?
A C corporation is one which is taxed separately and protects the owners from personal liabilities.
A employer, every so often referred to as a C corporation, is a legal entity it is become independent from its owners. Businesses could make a income, be taxed, and may be held legally in charge. Organizations provide the strongest protection to its owners from personal liability, but the fee to shape a organization is higher than different systems.
C agencies are typically publicly traded businesses owned by using shareholders. They vary from different enterprise structures within the manner they may be taxed. C groups are the most common form of company structure in the us. These commercial enterprise systems are taxed as a separate entity from the business proprietor.
An S corporation isn't always a separate taxable entity. It files an facts go back however now not an earnings tax go back. The employer's earnings, losses, and different tax items bypass through to its shareholders, who pay their share of the organization's income on their personal profits tax return at the private income tax rate.
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debt management ratios zoe's dog toys, inc. reported a debt to equity ratio of 0.5 times at the end of 2011. if the firm's total assets at year-end are $50 million, how much of their assets is financed with equity?
$ 33.33 m part of asset is financed by equity.
We know that Debt to equity ratio is equal to :
D/E = Total Liabilities / (Total Assets - Total Liabilities)
Let Total liabilities be X
0.5 = X/(50-X)
0.5(50-X) =X
25-0.5X=X
25/1.5 = X
X=16.67
This is the total liability .Then (50-16.67) =$ 33.33 m part of asset is financed by equity.
A liability is some thing a person or organization owes, usually a amount of money. Liabilities are settled through the years via the switch of monetary advantages which includes money, goods, or services.
Legal responsibility is described as the nation of being responsible for some thing or some thing that a person is answerable for an instance of legal responsibility is a person having to pay again student loans. An example of liability is charge for a car twist of fate.
Liabilities usually represent debts for running charges, which includes accounts payable, wages, and taxes. Further, payments on lengthy-time period debt owed in the subsequent year will be listed in contemporary liabilities. As an instance, if you have a 30-year mortgage for your constructing, the next year worth of bills owed could be listed in the cutting-edge liabilities segment while the closing stability might be shown as a long-time period liability.
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Assuming that xyz corporation has annual net sales of $468,000,000 and annual cost of goods sold of $351,000,000, what is the inventory turnover ratio for xyz corporation? a 1:1 b 2:1 c 3:1 d 4:1
Assuming that XYZ corporation has annual net sales of $468,000,000 and an annual cost of goods sold of $351,000,000, the inventory turnover ratio for XYZ corporation is 1.1. Net Sales/ Year end receivables
The better the stock turnover ratio, the higher. while the ratio is excessive, it means that you're capable of promoting goods speedily. A low ratio indicates weak income. inventory turnover is the price at which a business enterprise's inventory is offered and then replenished. A stock turnover ratio of two, for instance, suggests that you bought and replenished two times the amount of stock you stored.
The inventory turnover ratio can be determined by using dividing the fee of products offered by using the common stock for the period. typically, corporations want to see this bring about an excessive ratio rather than a low one because this commonly suggests robust sales. An excessive inventory turnover typically manner that items are offered quicker and a low turnover charge shows the vulnerable income and extra inventories.
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An individual invested $1,000 in a bond with a coupon payment of $12. the price of the bond increased to $1,400. what is the rate of return on this bond?
The answer is 41.2%
Rate of Return = (coupon income +price change) / investment
ROR = ($12+$400)/$1,000 = .412 or 41.2%
In the world of finance, a bond is a kind of security where the issuer (debtor) owes the holder (creditor) a debt and is required, depending on the terms, to repay the principal (i.e., amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a certain amount of time.
Semiannually, annually, and less frequently at other times, the interest is typically due at set intervals. Consequently, a bond is a type of borrowing or IOU. Bonds give the borrower access to external capital for financing current expenses or, in the case of government bonds, long-term investments.
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If the price of a pencil is $1.00 and the price of a pen is $2.00, what is the relative price? If the pencil
is $1.50 and the pen is $3.002 If the pencil is $2.00 and the pen is $3.00?
If the price of a pencil is $1.00 and the price of a pen is $2.00. 3 dollars will be the relative price.
$1 + $2 = $3
A price relative is the ratio of the charge of a selected product in a single period to the rate of the identical product in a few different period. In buying power parity (PPP) comparisons a rate relative refers to the ratios of the equal product in two international locations.
The nominal price of a great is its value in phrases of cash, including bucks, French francs, or yen. The relative or actual rate is its fee in terms of some other suitable, carrier, or package of goods.
Relative-price movements convey critical facts approximately the scarcity of specific items and offerings. A growing relative charge suggests that call for is outstripping deliver (or that supply is falling at the back of call for), while a falling relative price denotes just the other.
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flexibility represents the maximum throughput a system can deliver, for example the capacity of a hard drive represents the size or volume.
Capacity The major storage component found inside a computer system is an internal hard disk.
It often includes the operating system, pre-installed software programs, and other files. The majority of desktop computers feature multiple internal hard drives, which enables them to offer more data storage. 16, 32, and 64 gigabytes.
It is common to find older and smaller devices in this class, which is among the lowest for HDD storage space. 120 and 256 gigabytes. In general, this price range is regarded as the entry level for HDD devices such laptops or computers.
The size of a hard drive, expressed in gigabytes and terabytes. The amount of data that must be kept, which is frequently significantly larger than the available space, is used to calculate the necessary hard drive capacity.
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in may direct labor was 45% of conversion cost. if the manufacturing overhead for the month was $73,700 and the direct materials cost was $25,200, the direct labor cost was:
In May direct labor was 45% of conversion cost. if the manufacturing overhead for the month was $73,700 and the direct materials cost was $25,200, the direct labor cost was $60,300
Given,
Direct labor accounted for 45% of conversion costs.
For the month, the manufacturing overhead was $73,700.
The cost of direct materials was $25,200.
Since, the formula for conversion cost is:
[tex]Conversion Cost = Direct Labor + Manufacturing Overhead[/tex]
[tex]Conversion Cost = Direct Labor + $73,700[/tex]
[tex]Conversion Cost = (0.45 * Conversion Cost) + $73,700[/tex]
[tex]0.55 * Conversion Cost = $73,700[/tex]
[tex]Conversion Cost = $73,700 / 0.55[/tex]
Conversion Cost = $134,000
Since, we know that,
[tex]Direct Labor = 0.45 * Conversion Cost[/tex]
= 0.45 × $134,000
= $60,300
Hence, the direct labor cost is $60,300.
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The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that fcf is so important in finance.
True, The value of any asset is the present value of the cash flows the asset is expected to provide. A company's free cash flow is the cash flow it can offer to its investors. This is why FCF is so crucial in the world of finance.
What is cash flow?A real or imagined movement of money is called a cash flow.
The phrase "cash flow" is typically used to represent payments that are projected to happen in the future, are thus unknown, and so need to be forecast using cash flows; a cash flow in its restricted sense is a payment (in a currency), especially from one central bank account to another;
A cash flow's time t, nominal quantity N, currency CCY, and account A are what make it up; symbolically, CF = CF
However, it is common to use the term "cash flow" in a broader meaning to describe (symbolic) payments into or out of a company, project, or financial product.
Value, interest rate, and liquidity are only loosely correlated with cash flows. A cash flow that will occur on day t(N) in the future can be changed into a cash flow with the same value on day t0.
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The pcaob conducts a program of regular inspections to assess the degree of compliance of registered accounting firms with the rules and professional standards of the ______.
The PCAOB conducts a program of regular inspections to assess the degree of compliance of registered accounting firms with the rules and professional standards of the generally accepted auditing standards (GAAS).
Accounting, also known as accountancy, is the measurement, processing, and conversation of monetary and noneconomic data about monetary entities which include organizations and groups.
Fundamental accounting records and well-known shows coins flows and operations. It divides all commercial enterprise transactions into credits and debits. The definitions of these are particularly counterintuitive in monetary accounting: Debits increase asset or fee bills and reduce liability or fairness bills.
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If the cycle time is 2 minutes/customer then how many customers are served per hour?
Answer:
30Explanation:
1 cycle takes 1 customer in 2 minutes
1 customer = 2 minutes
x customers= 1 hour ( 60 mins. )
Cross multiply
2*x = 1* 60
2x = 60
Divide both sides by the coefficient of x ( 2 )
60÷ 2 = 30
Therefore 30 customers are being served in 1 hour.
Pls follow and vote as well. Thanks
What part of the financial section of a marketing plan provides readers of the plan a bottom-line estimate of the organization's profitability?
The financial portion of a marketing plan's sales forecast gives readers a general idea of how profitable the company is.
What is Sales forecasting?
Sales forecasting is the practise of estimating how much income a business, group of people, or individual will produce over a certain period of time. This may be a day, a week, a month, a quarter, or even a year. In order for a company's leadership to efficiently manage day-to-day operations and future-proof its strategic vision, the ability to estimate revenues is essential.One of the most crucial things a firm does is sales forecasting. It supports budgeting and personnel across the board for an organisation, as well as sales planning.The success of a corporation depends on producing an accurate sales forecasting. It affects everything from hiring to payroll to compensation to inventory control to marketing. If a projection is missed, public corporations may swiftly lose trust.To know more about Marketing plan visit:
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a vertical supply curve represents: group of answer choices an inverse relationship between price and quantity supplied. an independent relationship between price and quantity supplied. an independent relationship between price and supply. a direct relationship between price and quantity supplied.
The correct option is (B) an independent relationship between price and quantity supplied.
A vertical supply curve represents an independent relationship between price and quantity supplied.
What does a vertical supply curve represent?A vertical market supply curve is shown by a line that goes up and down the graph. A market supply curve that is vertical indicates that a fixed amount of an item will always be available, regardless of price. A good with zero elasticity is shown by a vertical curve.
The supply curve plots the points that represent the quantity offered for a specific commodity or service at various prices. This curve has an increasing slope because it demonstrates a direct correlation between price and the amount delivered.
A market supply curve that is vertical indicates that a fixed amount of an item will always be available, regardless of price. A good with zero elasticity is shown by a vertical curve. Although the good is always present, it cannot be produced in greater quantities no matter how much someone is ready to pay for it.
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The marketing strategy that focuses on attracting, maintaining, and enhancing customer relationships is referred to as?
The marketing strategy that focuses on attracting, maintaining, and enhancing customer relationships is referred to as Relationship marketing.
Marketing is the interest, set of establishments, and methods for creating, communicating, turning in, and replacing offerings that have value for customers, clients, partners, and society at huge.
It's miles, in quick, a movement taken to carry attention to a commercial enterprise' services; they can be bodily goods for sale or services presented. not unusual examples of advertising at paintings encompass tv advertisements, billboards on the side of the street, and mag classified ads.
The 4 ps of marketing and marketing—product, fee, place, and merchandising—are often called the advertising and marketing mix. those are the important thing elements involved in making plans and advertising and marketing a product or service, and they have interaction significantly with every other.
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Marketing, production, and sales are all involved in the the core business process known as ______. multiple choice question.
Marketing, production, and sales are all involved in the the core business process known as operations
The field of management known as operations management is tasked with planning, organizing, and directing the production process as well as revamping internal business processes for the creation of goods and services. It entails the accountability for making sure that company operations are effective in satisfying client needs while utilizing the fewest resources possible.
Managing a whole production or service system, which is the process that turns inputs (in the form of raw materials, labor, consumers, and energy) into outputs (in the form of goods and/or services for consumers), is what this topic is all about. Operations generate products, oversee quality, and design services.
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osha issues standards to protect you and other employees from which hazards. drag and drop the item into the appropriate category
Osha issues standards to protect you and other employees from the various hazards.
What are the various hazards Osha issues standards to protect you and other employees?
Fall Protection, constructionRespiratory Protection, general industryLadders, constructionHazard Communication, general industry Scaffolding, constructionFall Protection Training, constructionControl of Hazardous Energy (lockout/tagout), general industryEye and Face Protection, constructionPowered Industrial Trucks, general industryMachinery and Machine Guarding, general industryTo learn more about Osha issues standards, refer to:
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If new zealanders buy peanut butter from the united states, this peanut butter is included as part of new zealand's?
If new zealanders buy peanut butter from the united states, this peanut butter is included as part of new zealand's Exports.
Export refers to the selling of goods and services of the home country in the foreign country.
Import refers to the buying of the goods and services from the foreign country in the home country .
Therefore buying peanut butter from united states, this purchase is import for united states and export for new zealand's .
It helps countries to access best product from throughout the world.
It boost the GDP level also.
More exports are preferred then imports because it will add foreign currency and sale of the home country products.
It is the easiest method to enter in the international business.
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Gerd+is+considering+an+account+that+earns+6%+interest+per+annum+compounded+monthly.+what+is+the+annual+percentage+yield+(apy)?
The annual percentage yield (APY) that Gerd will get is:
6.2%
The exact rate of return that an investor receives from an investment after compounding the values on a monthly basis is known as the annual percentage yield.
The nominal interest rate, the number of times the value is compounded annually, and the base of the logarithm are all taken into account by the formula used to calculate the annual percentage return.
After compounding Gerd's interest on a monthly basis, with this formula:
APY= (1 + r/n )n – 1,
The Annual percentage yield gotten is 6.2.
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Answer:
The answer is shown in the picture
Explanation:
enhancing qualitative characteristics of accounting information include each of the following except:
All of the above, with the exception of comparability, are beneficial characteristics of accounting information.
Accounting Information Systems: An Understanding (AIS)
An accounting information system is a mechanism for a business to keep track of all financial and operational activity. Internal controls, data, software, procedures and instructions, people, and information technology infrastructure make up the six main parts of an accounting information system. The specifics of each component are broken down below.
For the benefit of accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies, a company employs an accounting information system (AIS) to gather, store, manage, process, retrieve, and report its financial data.
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lvmh, a maker of luxury goods, has expanded its products offerings into china, russia, india, and the middle east. this exemplifies a
Luxury goods producer LVMH has increased the geographic scope of its product offerings by entering China, Russia, India, and the Middle East. This is a perfect example of a market expansion plan.
Market development plan is a growth strategy used by businesses or organisations to reach target consumers they haven't yet attained or aren't already servicing with their offerings.As part of its expansion strategy, a corporation will employ a market development strategy to assist in the introduction of its present products into a new market. An example of market development is when a software company decides to advertise to a different customer base.
The four expansion techniques
Market encroachment Market expansion.Product creation.DiversificationTo Learn more about market development strategy, Click the links.
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prepare the income statement for cornhusker company on december 31, 2021. cornhusker company income statement for the year ended december 31, 2021
Income Statement of Cornhusker company on December 31, 2021 (amount in $)
CORNHUSKER COMPANY
Income Statement
For the year ended 31 December 2021
Revenue:
Service revenue(A) 35,500
Expenses:
Rent paid 6,700
Salary Expenses 13,000
Utility Expenses 4,600
Insurance Expenses 3,200
Total expenses(B) 27,500
Net Income(A-B) 8,000
A profits assertion is one of the most not unusual, and critical, of the Income statements you are possibly to encounter. also referred to as earnings and loss (P&L) statements, earnings statements summarize all income and charges over a given length, inclusive of the cumulative impact of sales, advantage, expense, and loss transactions.
Because the earnings statement info sales and expenses, it affords a glimpse into which commercial enterprise activities brought in sales and which cost the corporation money—records buyers can use to apprehend its fitness and bosses can use to find areas for development.
A profits declaration is one of the more essential Income statements you can take a look at for a commercial enterprise. commercial enterprise proprietors, accountants, present-day investors, and potential traders alike can glean vital facts for themselves from an agency's profits assertion, additionally referred to as the profit and loss announcement.
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the act that makes it unlawful to discriminate in prices charged to different purchasers of the same product is called .
The act that makes it unlawful to discriminate in prices charged to different purchasers of the same product is called Price Discrimination.
Price discrimination is a microeconomic pricing strategy in which the same provider sells identical or nearly similar goods or services at different prices in various marketplaces. Price discrimination is classified into three types: first-degree, second-degree, and third-degree price discrimination.Price discrimination occurs when different customers are charged different prices for the same commodity or service. Price discrimination is prohibited under the Sherman Antitrust Act, the Clayton Antitrust Act, and the Robinson-Patman Act where the aim is to hurt competitors.Price discrimination is a sales strategy in which the seller charges different prices for the same product or service depending on what the vendor believes the buyer will accept. In pure price discrimination, the supplier charges the greatest possible price to each consumer.Thus this is called Price Discrimination.
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Since broad product-markets can have many submarkets, target marketers have ______.
Since broad product markets can have many submarkets, target marketers have a choice among many possible target markets.
In economics, the product marketplace is the marketplace in which very last goods or offerings are offered to companies and the public sector. Focusing on the sale of finished items, it does now not consist of buying and selling in uncooked or other intermediate substances. related, however contrasting, terms are economic marketplace and labour market.
Product markets seek advice from markets wherein all varieties of items and offerings are made and traded, as an example the market for airline journey; clever-phones, new automobiles; pharmaceutical products and the markets for monetary services together with banking, mortgages and pensions.
Product advertising is the process of bringing a product to marketplace. This includes figuring out the product's positioning and messaging, launching the product, and ensuring salespeople and customers understand it. Product advertising goals to drive the call for and utilization of the product.
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The total annual income received by residents of a single nation is reflected in which official measure?.
The total annual revenue obtained by residents of an available nation is mirrored in which official action is Gross national income.
What is Gross national income?Gross National Income (GNI) is the totality of all the money that a country's residents and businesses have created. It is used to gauge and chart a country's wealth through time.The sum of the country's gross domestic product (GDP) and its foreign-source revenue is the figure. The definition of gross national income (GNI) is gross domestic product + net foreign receipts from employee remuneration, property income, net taxes fewer production subsidies. Gross domestic product plus factor incomes received by overseas residents, less income gained in the domestic economy by nonresidents, is the total domestic and international production claimed by residents of a country. Gross national income, formerly known as a gross national product, is the same thing.To learn more about Gross national income, refer to:
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Time-based approaches of business organizations focus on reducing the time to accomplish certain necessary activities. time reductions seldom apply to?
Time-based approaches of business organizations focus on reducing the time to accomplish certain necessary activities. Time reductions seldom apply to internal audits. Internal audit's role is to provide independent assurance that an organization's risk management, governance, and internal control mechanisms are working properly.
These audits look at alleged infractions of federal and state laws, as well as institution policies and regulations. Internal theft, asset misappropriation, hotline claims, and conflicts of interest are all examples of investigative audits. A qualified expert tasked with giving impartial and objective evaluations of a company's financial and operational business activities is known as an internal audits (IA).
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Using a celebrity spokesperson in order to sell a product is an example of using the influence of _______ leaders.
Using a celebrity spokesperson in order to sell a product is an example of using the influence of opinion leaders.
what do you mean by opinion leader?Opinion leaders are people who apply a significant sum of impact inside their organize and who can influence the opinions of associated people. opinion leaders play an vital part inside the two-step stream of communication model, where data is exchanged from the mass media to the open to begin with from the media to opinion leaders and after that from opinion leaders to the larger gathering of people.
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How many ase tests must be passed to become a master automotive technician?
eight exams total is necessary to pass in order to become a master automotive technician.
The required details for automotive technician in given paragraph
Who is a Automotive technician
As "a person who is trained or skilled in the technicalities of a subject," a technician is defined as "a person who is skilled in the technicalities of a subject."
Although this term is frequently used to refer to computer or lab technicians, it is also used in the automotive industry to describe automotive technicians. Like mechanics, technicians have specialized in technology, and they include motorbike, diesel, and marine technicians.
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irene’s dairy is deciding whether or not to enter the market for ice cream, currently monopolized by mattie’s ice-cream. if it enters the market, mattie’s can either accommodate him and share his 10million in profits equally with irene or fight him and cause a 5million loss for each in a price war. if mattie’s threatens to always fight, what would irene’s best response be?
if mattie’s threatens to always fight, irene’s best response will be " Threaten to always fight"
Either $10 million in gains or a $5 million loss must be chosen by Mattie. Mattie will likely choose $10 million in profits.
Irene must decide between making $10 million in profits or making no earnings given what Mattie would do. Additionally, Irene will choose $10 million in earnings.
A sequential game, as defined in game theory, is one in which one player moves before the other. They don't move simultaneously. When deciding on their move, the second player must also be aware of the first player's action. If not, it would be the same as if they both went at the same speed.
The question is incomplete, the complete question is :
Irene's Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie's Ice Cream. If it enters the market, Mattie's can either accommodate him and share his 10 million in profits equally with Irene or fight him and cause a 5 million loss for each in a price war.
If Mattie wants to discourage Irene from entering the market, what strategy should she follow?
a. Threaten to always accommodate
b. Always accommodate
c. Threaten to always fight
d. All of the above
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