Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.
A) bad location
B) poor management
C) Competition
D) finances
Answer:
D
Explanation:
finances
Which choice is the best reason savings accounts are usually NOT the best
option when it comes to saving for retirement?
OA. You will not have enough "time horizon" with your saving investments.
OB. Time is not on your side when it comes to savings accounts.
Oc. Most savings accounts do not pay enough interest to keep up with inflation
OD. Many people will spend their savings if they can get to it.
Answer:
The answer is C
Regardless of what consumers want and what producers can provide, scarcity is a problem that will continue to be a part of our economy.
True
False
Answer:
The answer is A or True for EDGE 2021
Explanation:
what are features of business environment
Answer:
Business environment includes specific forces such as investors, customers, competitors and suppliers. Non-human or general forces are Social, Legal, Technological, Political, etc. which affect the Business indirectly.
Determine which of the statements below are accurate regarding how a petty cash fund is created and used in a business. (Check all that apply.)
A. When the fund is replenished, the Petty Cash fund account is debited.
B. Any employee may disburse cash from the fund as long as they bring back a receipt for their purchase.
C. The petty cashier is responsible for making payments from the petty cash fund.
D. The petty cashier is responsible for keeping the cash in the fund safe.
E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time
F. A check is drawn by the company cashier to establish the petty cash fund
Answer:
Options C,D,E and F are correct
Explanation:
Petty cash fund is used to provide sufficient cash to business units to spend on minor expenditures such as postage, taxi fares, etc.
The following statements are accurate regarding how a petty cash fund is created and used in a business:
C. The petty cashier is responsible for making payments from the petty cash fund.
D. The petty cashier is responsible for keeping the cash in the fund safe.
E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time
F. A check is drawn by the company cashier to establish the petty cash fund
7. Connor has identified the need to make changes in the efficiency of his customer service
department. In general, he will make changes in which three of the following categories?
Answer:
A) coordinate recruitment and compensation activities
The greatest dilemma that an acquisition-minded firm faces is whether to Multiple Choice focus on acquiring technical know-how or outsourcing production. strive for scale economies or to acquire technical know-how to customize production. focus on building brand awareness or striving for scale economies. focus on building brand awareness or establishing supplier relationships. pay a premium price for a successful company or buy a struggling company at a bargain price.
Answer:
pay a premium price for a successful company or buy a struggling company at a bargain price
Explanation:
Here the biggest confusion with respect to the firm i.e. acquisition minded faces that whether they have to a pay a premium price for becoming a successful company or still have to struggle for purchasing a company at a bargaining price
So according to the given situation, the last option would be correct
A type of account in which interest is earned on the deposit amount that typically require a
minimum balance, offer lower interest rates, and have restrictions on the number of withdrawals
allowed within a given time period is a
29. What happens as production of one item switches to the production of another item?
a. The cost of production stays the same.
b. The cost of production decreases.
Land costs rise more than labor costs.
d. More resources are needed.
c.
Answer:
I believe the answer is A
Explanation:
Check My Work Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to a. increase total revenue to farmers as a whole because the demand for food is elastic. b. increase total revenue to farmers as a whole because the demand for food is inelastic. c. reduce total revenue to farmers as a whole because the demand for food is elastic. d. reduce total revenue to farmers as a whole because the demand for food is inelastic.
Answer:
d. reduce total revenue to farmers as a whole because the demand for food is inelastic.
Explanation:
Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental etc.
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to reduce total revenue to farmers as a whole because the demand for food is inelastic.
The opportunity cost of producing corn in New Zealand is approximately tons of millet, and the opportunity cost of producing corn in Brazil is approximately tons of millet.
Answer:
2 tons of millet for New Zealand and 3 tons of millet for Brazil.
Explanation:
New Zealand and brazil both can produce corns and millet. The opportunity cost for Brazil is more than the New Zealand. Both the countries should go towards the production of the crop in which they have comparative advantage. New Zealand has comparative advantage in producing millet and Brazil has comparative advantage in producing corn.
Tom is the CEO of a jewelry business based in Boston. He needs to send a parcel of 200 diamonds as quickly as possible to a partner in Canada. What mode of transport should he use?
A.
road
B.
sea
C.
air
D.
rail
E.
rail and road
A marketing approach that uses the same marketing mix to target all customers is known as:
A. Target Marketing
B. Market Segmenting
C. Mass Marketing
Answer:
It is C. Hope this helps
Explanation:
French mining engineer Henri Fayol defined management as a process involving which of the following?
A. Planning
B. Organizing
C. Leading
D. All of these
Answer:
Option D
Explanation:
As per French mining engineer Henri Fayol, management as a process involves five elements -
a) Planning
b) Organizing
c) Commanding (leading)
d) Coordinating
e) Controlling.
Hence, all the three elements i.e Planning, organizing and Leading are present
Hence, option D is correct
3M allows employees to spend 15% of their working time on projects that they feel passionate about. Sometimes there is more interest than roles to play on the respective project teams. If, as a manager of one of these special teams, you chose to make volunteers compete for the right to work on your team, which conflict management approach would you be using
Answer:
Stimulating conflict
Explanation:
The stimulating conflict would measures the new goals search and it would be lead to innovation. Also it would increase the members bonding.
Since in the given situation the manager would select the volunteers in order to compete for the correct work that would stimulate the group bonding because of the same interest also it would rise the volunteers efficiency
Hence, it is used stimulating conflict
What are examples of keys in a database's second normal form? Check all that apply turn key, foreign key, primary key, multiple key, composite key, composition key.
Answer: 2, 3, and 5
Explanation:
Answer:
foreign key, primary key, composite key
Explanation:
To all the people who wacth Mha, whats your fav thing about it?
Answer:
the character development is so god tier
Explanation:
Which one of the following statements is false? A. The activities along the critical path determine the completion time of the project. B. If one of the activities on the critical path is delayed, the entire project will be delayed. C. There may be more than one critical path in a project network. D. The critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete.
Answer:
C.
Explanation:
The critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete.
Can provider gap 4, the communication gap, be closed prior to closing any of the other three provider gaps? How
Answer:
Gap 4, which deals with lowering customer expectations, can be closed at any time. While the first three gaps are concerned with raising company performance to meet expectations, gap 4 aims to lower customer expectations to meet perceptions.
Explanation:
Gap 4 can reduce customer expectations and can be filled at any time. The first three gaps focus on improving business performance in order to meet objectives.
What is communication?Communication is referred to the exchange of information between two individuals in the form of conversation, opinion, suggestion, or advice with the help of medium or direct interaction.
To match perceptions, gap 4 seeks to lower customer requirements. Since the two strategies for overcoming the consumer gap function according to different principles, they can each take place on their own.
The fourth gap seeks to lower the expectations of customers in order to align with perceptions, as opposed to the other three gaps, which focus on improving firm performance to fulfill expectations.
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The complete question is probably
Can provider gap 4, the communication gap, be closed prior to closing any of the other three provider gaps? why or why not?
Why is it important to get to know core staff
members like secretaries and custodial staff?
Answer:
Managers must also determine the chain of command for custodial staff. ... School grounds can be defined as the full extent (i.e., corner pin to corner pin) of all ... see the discussion about Integrated Pest Management (IPM) in Chapter 4. ... Facilities staff are often uncomfortable calling attention to their own good work,
Explanation:
Answer:
couse maybe you want to be one someday
Explanation:
Benefits about having personal finance
Answer:
1. It will help you get out of debt
2. It gives you a piece of mind, which is being more smarter than you already are
3. It would help you develop a abundance mindset
4. When you plan with a purpose and manage your money effectively, you will actually have REAL money, if that makes sense
5. You will have higher savings rates for retirement
Explanation:
In my opinion, there are no disadvantages of financial planning. When you give every dollar a purpose and a mission, your attitude towards money will change and you’ll find yourself becoming more intentional with your decisions.
Jamie receives $9.10 an hour for the first 40 hours and time-and-a-half for overtime. If he
works 45 hours, how much does he earn for the week?
Answer:
$432.25
Normal pay $364 + overtime pay $68.25
Which of the following statements is correct about planning a successful conversion to Lean/Just-in-time operations. Multiple choice question. Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles. Conversion should be accomplished quickly, not gradually, to realize the maximum benefit. When converting a production line, begin at the start and progress to the end of the line. Vendors should be converted to JIT delivering first, before implementing in the Buyer's organization.
Answer:
Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.
Explanation:
A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;
I. A total quality management (TQM): it is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.
II. A continuous improvement (CI): it is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.
III. Just-in-time (JIT): it is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.
Additionally, lean production is a manufacturing methodology that is focused on integrating activities that are designed to provide massive quantity with high quality production using minimal resources, raw materials, finished products and work-in-process features.
This ultimately implies that, lean production is basically a supply management process aimed at elimination of waste as much as possible and it requires a mutual agreement between the management and employees, as well as proper training of the employees (workers) before implementing the conversion.
Hence, the statement which is correct about planning a successful conversion to Lean/Just-in-time operations is that both management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.
what occurs when the free market is not able to allocate resources and goods and services efficiently
Answer: Market failure
Explanation:
When the free market is not able to allocate resources and goods and services efficiently, this situation is referred to as market failure.
Market failure brings about disequilibrium in the market as the quantity supplied and the quantity demanded aren't in equilibrium anymore as there's market distortion. It takes place when the quantity of good. The distortion may be as a result of monopoly power.
why is Africa called plateaus of plateu?
Answer:
Africa is called the plateau continent because almost the entire continent is raised above sea level and drops sharply off at the coast.
Explanation:
sana makatulong ❤❤
Answer:
continent because almost the entire continent is raised above sea level and drops sharply off at the coast.
Explanation:
Tamon worked 40 hours this week. Assuming he makes $9 an hour, what is his gross pay?
Answer:
The weekly gross pay is $ 360
Explanation:
The total number of hours for which Tamon worked in a week = 40 hours
The total amount of money made by Tamon per hour = $9
The total amount earned in the week for working for 40 hours at the rate of $9 per hour
= 40 * 9
= 360
The weekly gross pay is $ 360
evaluate three ways in which employment will minimize emotional stress
Answer:
Workplace is a different environment. If you are stress by your home then being in a workplace can help you stay away from the source of stress.
Your workmates is a potential source of happiness.
Being paid by the task that you have done.
Explanation:
The ways employment will minimise emotional stress are:
Employment provides a source of income with which employees can afford to buy items that would make them happy. As a result of employment, people are able to socialise with other workers. This would prevent isolation and reduce emotional stress. As a result of employment, people becomes less bored and more productive. This can eliminate emotional stress.What is employment?Employment is when labour has a job that they earn an income from. Working as a teacher is a form of employment.
Employment is a source of income, friendship and an avenue for socialisation. These can minimise emotional stress.
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The Corbit Corp. sold merchandise for $10,000 cash. The cost of the goods sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be
a.
Cash 10,000
Sales 10,000
Cost of Goods Sold 7,590
Inventory 7,590
b.
Cash 7,590
Sales 7,590
Cost of Goods Sold 7,590
Inventory 7,590
c.
Cash 10,000
Sales 10,000
Cost of Goods Sold 10,000
Inventory 10,000
d.
Cash 10,000
Inventory 10,000
Cost of Goods Sold 7,590
Sales 7,590
Answer:
a. Cash 10,000
Sales 10,000
Cost of Goods Sold 7,590
Inventory 7,590
Explanation:
Based on the information given if the company
sold merchandise for the amount of $10,000 cash in which The cost of the merchandise sold was the amount of $7,590. The appropriate journal entries to record this transaction under the perpetual inventory system would be to Debit Cash for $10,000; Credit Sales for $10,000 and to Dr Cost of Goods Sold for $7,590; Credit Inventory for $7,590.
Dr Cash 10,000
Cr Sales 10,000
Dr Cost of Goods Sold 7,590
Cr Inventory 7,590
Why are performance reviews important to workers and employers?
Harry and Hanson were partners in a firm sharing profits and losses in the ratio 3:2. Their capital was $300,000 and $150,000 respectively and they were entitled to interest on capital of 25% per annum. At the end of the firm's financial year December 31, 2019, the firm earned profit of $180,000 after allowing for interest on capital. Given this information, the profits that will be distributed among the partners will be:
Answer:
JOURNAL
1. Cash a/c... Dr. 350000
To C's Capital a/c 200000
To Premium for Goodwill a/c 150000
(Being capital and premium for goodwill brought in by C)
2. Premium for Goodwill a/c... Dr. 150000
To A's Capital a/c 110000
To B's Capital a/c 40000
(Being premium for goodwill distributed among the partners in the ratio of 11:4)
3. A's Capital a/c.... Dr. 55000
B's Capital a/c.... Dr. 20000
To Cash a/c 75000
(Being half of the premium for goodwill withdrawn by the partners)
Calculation of sacrificing ratio:
A's sacrifice= 3/5- 2/7= 11/35
B's sacrifice= 2/5- 2/7= 4/35
Sacrificing ratio= 11:4
Based on the information given the profits that will be distributed among the partners will be: Harry $108,000; Hanson $72,000.
Given:
Profits and losses sharing ratio=3:2
Profit earned=$180,000
Hence:
Profit sharing
Harry Profit=3/(3+2)×$180,000
Harry Profit=3/5×$180,000
Harry Profit=$108,000
Hanson Profit=2/(3+2)×$180,000
Hanson Profit=2/5×$180,000
Hanson Profit=$72,000
Inconclusion the profits that will be distributed among the partners will be: Harry $108,000; Hanson $72,000.
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