When there is a difference between income on variable costing and absorption costing, this is as a result of fixed overhead is accounted.
What is variable costing?This is a method of designing the income statement such that variable costs are separate from fixed cost.
As a result, the net income might be different from absorption costing which lists all expenses regardless of what kind they are.
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Recent surveys have demonstrated that americans are willing to forego technological innovation and the availability of new technology in favor of universal health insurance coverage.
a. True
b. False
Recent surveys have demonstrated that Americans are willing to forego technological innovation and the availability of new technology in favor of universal health insurance coverage
This statement is false.
Universal health coverage means that all the people should have access to the health services which are needed by them. It also includes the full range of essential health services, including from health promotion to treatment, prevention, palliative care and rehabilitation.
Universal health coverage should always be based on strong, and primary health care. Good health systems generally have roots in the communities which are served by them.
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Write a select that returns customerid, companyname, custlastname and phone of each customer with no orders
Select CustNo, CustFirstName, CustLastName is a select that returns customerid, companyname, custlastname, and phone of each customer with no orders.
In organizational studies, resource management is the efficient and effective development of organizational resources when needed. Such resources may include financial resources, inventory, human skills, manufacturing or information technology (IT) resources, and natural resources.
In the area of project management, processes, techniques, and philosophies have been developed for the best approach to resource allocation. This includes discussions of functional and inter-functional resource allocation and processes supported by organizations such as the Project Management Institute (PMI) through their Project Management Body of Knowledge (PMBOK) methodology of project management.
Resource management is a key factor in estimating activity resources and managing project staff. Both are important components of a comprehensive project management plan for successful project implementation and monitoring.
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a(n) is a situation in which at least one party involved in a negotiation beleives that reachin an agreement is not
A impasse is simply a situation in which at least one party believes that reaching an agreement is not imminent.
What is Negotiation?Negotiation refers to a process in which two or more parties participate with the purpose of reaching an agreement. Although the parties know that they do not want the exact same thing, they both express their willingness to compromise.
What is Impasse in negotiation?A deadlock in negotiations between management and labor occurs when the two parties cannot reach an agreement to settle their differences. This is called an Impasse.
When a deadlock happens, both parties withdraw their delegates to reassess their position. As this happens, management generally goes ahead to implement the changes it proposed during the negotiation as it waits for another chance to negotiate with labor.
An impasse occurs when the parties end a negotiation without coming to an agreement, either because one or both parties prefer no agreement, or because they could not reach an agreement despite benefitting from doing so.
Hence , from the given scenario of the question the correct answer is D.
Your question is incomplete, but most probably your full question was:
A(n) ____ is simply a situation in which at least one party believes that reaching an agreement is not imminent.
A. arbitration
B. mediation
C. strike
D. impasse
E. lock out
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Support Material
Business functions
Activity 1:
Study the following scenarios and answer the questions that flow:
1.1 The sales department is constantly running out of stock because stocks are not ordered on time. The admin clerk is new and files the documents in the wrong place. The purchasing department was not even aware that they should order more stock.
1.1.1 Which department created the problem?
1.1.2 What will the consequences be if the sales department constantly runs out of stock?
1.1.3 How can the problem be solved?
1.2 The creditors are not paid on time and added interest to the account of the business.
1.2.1 Which department created the problem?
1.2.2 What will be the consequences if this continues to happen?
1.3 The workers are always complaining of the third grade stock they have to sell to customers.
1.3.1 Which department created the problem?
1.3.2 How can the problem be solved?
1.4 Clients are constantly surprised on the new items they get on the shelves and some of which they have not seen before?
1.4.1 Which department created the problem?
1.4.2 How can this problem be prevented in future?
In the scenario given, the department that was said to have created the problem is the admin department because the document to show that there was low stocks was filled in the wrong place and as such, the purchasing department was not made aware.
1.1. What will the consequences be if the sales department constantly runs out of stock?The consequences are:
They will have issues with customers demanding product and unfulfilled orders.Complains and lastly they will lose customers.How can the problem be solved?There should be a computerized system on all product and their quantities should be included such that when the product is getting low on stock, the system will alert the admin and appropriate steps to new buy product will be taken
1.2. Which department created the problem?Since the creditors were not paid on time, the department that created the problem is also the admin department
What will be the consequences if this continues to happen?They we be close done.They will not have anyone who will sell products to them.1.3.Which department created the problem?The purchasing department created this problem.
How can the problem be solved?The purchasing department need to buy quality Stocks. They can hire a professional who knows the quality so that he or she can help with the purchase.
1.4.
Which department created the problem?The sales department created this problem
How can this problem be prevented in future? The sales department need to use a method that will not surprise the people such that they can be create an ad or place the new product one at a time not all new product at the same time.
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A curve that is derived by summing horizontally individual demand curves is called:________
A curve that is derived by summing horizontally individual demand curves is called market demand curve.
The quantity acquired by all buyers and sellers total of the individual demands—gives "the market demand for each price". Because the sum is calculated over the quantities for each price, this is commonly referred to as a "horizontal sum". The horizontal (quantity) sum of each individual supply curve represents the market supply.
The market demand curve is just the horizontal addition of each consumer's particular demand curves for lattes. When you sum horizontally, you are totaling amount demanded rather than price. You must multiply the quantity by the total market demand at each price point.
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Determine which of the following statements is correct regarding the relationship of ending inventory and beginning inventory.
The ending inventory of the previous period is the beginning inventory of the current period.
Beginning inventory is the amount of a product. A commercial enterprise has in stock at the start of an accounting length which includes a month or 12 months. due to the fact each accounting length connects to the subsequent, the beginning inventory of one length will be similar to the ending inventory of the previous.
Beginning inventory, or opening inventory, is your inventory cost at the beginning of an accounting duration. For that reason, finishing inventory, or last inventory is the cost of the stock at the top of an accounting duration.
Ending inventory is the value of goods nevertheless available for sale and held via a business enterprise at the end of an accounting length. The dollar amount of ending stock may be calculated by the usage of multiple valuation techniques.
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The integrated marketing communications process refers to which of the six ps in the marketing mix?
The answer is promotion.
The four main components of a marketing strategy are product, pricing, location, and promotion, often referred to as the marketing mix or the four P's of marketing. The following four elements of the marketing mix can help a company increase the likelihood that a product will be seen and purchased by customers:
Product; The item or service being offered must meet the needs or wants of the customer.
Price: An item should be offered for sale at a price that is appropriate for consumer expectations, neither too high or too cheap.
Promotion: The public needs to be informed about the product and the features it has to understand how it fills to their needs or the desires.
Place : The location where the product can be purchased is crucial for optimizing the sales.
Therefore, the answer is promotion.
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12. 15. How can a forward contract on a stock with a particular delivery price and delivery date be created from options?
When both options have a strike price and an exercise date, a forward contract is formed by purchasing a European call and selling a European put.
A forward contract is a customizable derivative contract between two parties to purchase or sell an asset on a future date at a defined price.
Forward contracts may be customized to include a particular commodity, quantity, and delivery date. Forward contracts are considered over-the-counter (OTC) products since they are not traded on a controlled exchange.
Forward contracts, for example, can enable agricultural producers and users hedge against changes in the price of an underlying asset or commodity. A European call option grants the holder the right to purchase the underlying securities at the expiration date. A European put option entitles the holder to sell the underlying securities at the expiration date.
As a result, the answer is that a forward contract is constructed by acquiring a European call and selling a European put when both options have a strike price and an exercise date.
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Employee benefits are:
a. monetary rewards.
b. usually not viewed as being part of one's total compensation.
c. nonmonetary rewards.
d. temporary incentives.
e. required.
Employee benefits are- monetary rewards, and temporary incentives.
Employees in an organization or a company benefit from both monetary rewards as well as temporary incentives. Monetary rewards are cash or financial compensation provided by an employer to an employee, typically in addition to their salary.
The employers also provides their employees with temporary incentives such as bonuses and raises, recognition and rewards, health and wellness, giving fun gifts to employees etc.
Hence, monetary benefits represent quantifiable cash rewards presented for accomplishments. Monetary rewards and temporary incentives are often used by the employers in order to encourage workers to meet their goals.
Hence, option A and D are correct.
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Any factor that leads businesses to collectively expect lower rates of return on their investments ______ investment demand.
Any factor that leads businesses to collectively expect lower rates of return on their investments reduces investment demand.
The aggregate call includes consumption and funding demand. aggregate call for is the call for of total items and services in the economy as it is not possible to be counted all the bodily quantities the overall expenditure on all goods and offerings are taken into consideration.
Investment call for refers to the demand with the aid of corporations for physical capital items and offerings used to hold or extend its operations. Think of it because the workplace and factory space, machinery, computer systems, desks, and so forth might be used to operate an enterprise.
Funding is a part of combination demand; modifications in funding shift the aggregate call for curve by the amount of the preliminary exchange times the multiplier.
The question is incomplete. Please read below to find the missing content.
Any factor that leads businesses to collectively expect lower rates of return on their investments _____.
Multiple choice question.
A) reduces output
B) increases output
C) increases investment demand
D) reduces investment demand
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Access Figure 1 and Figure 2 here. Which countries are in the top 10 of both human development and productivity indexes
Countries are in the top 10 of both human development and productivity indexes are "Norway had the highest level of the Human Development Index (HDI) worldwide in 2019, followed by Ireland, Germany 6th, Netherland 9th and Denmark on 10th position"
What is Human Development Index?The Human Development Index is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.
What is Productivity Index?The productivity index is a measure of the well potential or ability to produce and is a commonly measured well property. The symbol J is commonly used to express the productivity index.
Hence, Norway, Ireland, German, Netherland and Denmark are correct answer.
Your question is incomplete, but most probably your full question was:
Which countries are in the top 10 of both human development and productivity indexes? Check all that apply.
Norway
Germany
Denmark
United States
Belgium
Netherlands
Ireland
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True or false: A value chain system is defined as a company's own value chain combined with those of its suppliers but not those of its wholesale distributors, who deal with finished products.
It is false that a value chain system is defined as a company's own value chain combined with those of its suppliers but not those of its wholesale distributors, who deal with finished products.
What is value chain?A value chains contains actors and important stakeholders in a business value chin. This people cannot be excluded from a a business if success is wanted.
It include the wholesaler, retailer, transporter even to the consumer.
Therefore,
It is false that a value chain system is defined as a company's own value chain combined with those of its suppliers but not those of its wholesale distributors, who deal with finished products
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A technician has been troubleshooting a laptop power issue, and now the speakers don't work. what should the technician do first?
A technician has been troubleshooting a laptop power issue, and now the speakers don't work. what the technician should do first is to check the speaker cabling. This is further explained below.
Who is a Technician?Generally, The laptop's speakers have stopped working as a result of work done by a technician to fix a power problem. Priority one should be given to a thorough examination of the speaker wiring by the expert.
In conclusion, a computer technician is an expert in the technical aspects of a certain field or profession. Irving Kolodin is a master craftsman and a musician of integrity who has mastered the art of music.
Engineers are more focused on finding solutions to issues, while technicians are more focused on putting into action the essential modifications that are needed to find a solution to the problem. Because engineers often have a greater degree of schooling than technicians, engineers typically have a higher starting wage.
Because of the troubleshooting that was done on the power problem of the laptop, the speakers are now inoperable. The technician's first order of business should be to inspect the speaker wiring.
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How do the many people that are considered to be self-employed approach paying taxes?.
Self-employed approach paying taxes calculate their net self-employment earnings for the year.
Self-employed TaxesSelf-employed individuals, consisting freelancers, can take their taxes into account when establishing their pricing, evaluate their tax burden in scheduling their finances for the year and track their trade expenses to subtract them at the end of the year.
On average, self-employed individuals do spend higher on taxes. The on-paper tax rate is more elevated because of self-employment tax. That is a reference that is vital for anyone considering self-employment.
About 92.35% of your self-employment net profits is subject to self-employment tax. Once you have your total net earnings from self-employment that are subject to tax, involve the 15.3% tax rate to determine your total self-employment tax.
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As the balance in the accumulated depreciation increases, total assets because accumulated depreciation is a(n) __________ account.
As the balance in the accumulated depreciation increases, total assets because accumulated depreciation is a cumulative account.
Accumulated depreciation is that total amount upto which an asset has been depreciated up until a single point.
In each period, the depreciation expense is recorded in period in which it is added to the accumulated depreciation balance at the beginning. An asset's carrying value on the balance sheet is obtained by deducting historical cost from accumulated depreciation. At the end of an asset's useful life, carrying value of the asset on the balance sheet will match salvage value of asset.
Accumulated depreciation is shown on the balance sheet below the line of related capitalized assets. The accumulated depreciation balance keeps on increasing over time by adding the amount of depreciation expense recorded in each current period.
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Case a. kapono farms exchanged an old tractor for a newer model. the old tractor had a book value of $13,000 (original cost of $30,000 less accumulated depreciation of $17,000) and a fair value of $9,200. kapono paid $22,000 cash to complete the exchange. the exchange has commercial substance. case b. kapono farms exchanged 100 acres of farmland for similar land. the farmland given had a book value of $510,000 and a fair value of $720,000. kapono paid $52,000 cash to complete the exchange. the exchange has commercial substance. rev: 06_22_2019_qc_cs-171508, 01_16_2020_qc_cs-195439 1. what is the amount of gain or loss that kapono would recognize on the exchange of the land? 2. assume the fair value of the farmland given is $408,000 instead of $720,000. what is the amount of gain or loss that kapono would recognize on the exchange? what is the initial value of the new land? 3. assume the same facts as requirement 1 and that the exchange lacked commercial substance. what is the amount of gain or loss that kapono would recognize on the exchange? what is the initial value of the new land?
The amount of gain or loss that Kapono would recognize on the exchange of the tractor is: $3,800.
Gain or lossCase A.
1. Amount of gain or loss
Book value of old tractor $13,000
Fair value of old tractor ($9,200)
Loss on exchange to recognized $3,800
Initial value
Fair value of old tractor $9,200
Cash paid to complete the exchange $22,000
Initial value of new tractor $31,200
2. Amount of gain or loss
Book value of old tractor $13,000
Fair value of old tractor $16,000
Gain on exchange to recognized $3,000
Initial value
Fair value of old tractor $16,000
Cash paid to complete the exchange $22,000
Initial value of new tractor $38,000
Case B
1. Amount of gain or loss
Book value of old farmland $510,000
Fair value of old farmland ($720,000)
Gain on exchange to recognized $210,000
Initial value
Fair value of old farmland $720,000
Cash paid to complete the exchange $52,000
Initial value of new land $772,000
2. Amount of gain or loss
Book value of old farmland $510,000
Fair value of old farmland $408,000
Loss on exchange to be recognized $102,000
Initial value
Fair value of old farmland $408,000
Cash paid to complete the exchange $52,000
Initial value of new land $460,000
3. Amount of gain or loss
Gain will not be recognized because the exchange lacked commercial substance.
Initial value
Book value of old farmland $510,000
Cash paid to complete the exchange $52,000
Initial value of new land $562,000
Therefore the amount of gain or loss that Kapono would recognize on the exchange of the tractor is: $3,800.
The complete question is:
Case A.
Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $13,000 (original cost of $30,000 less accumulated depreciation of $17,000) and a fair value of $9,200. Kapono paid $22,000 cash to complete the exchange. The exchange has commercial substance.
1. What is the amount of gain or loss that Kapono would recognize on the exchange of the tractor?
2. Assume the fair value of the old tractor is $16,000 instead of $9,200. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new tractor?
Case B.
Kapono Farms exchanged 100 acres of farmland for similar land. The farmland given had a book value of $510,000 and a fair value of $720,000. Kapono paid $52,000 cash to complete the exchange. The exchange has commercial substance.
1. What is the amount of gain or loss that Kapono would recognize on the exchange of the land?
2. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land?
3. Assume the same facts as Requirement 1 and that the exchange lacked commercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land?
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The cooperative organization of work into specialized tasks and roles is the?
The cooperative organization of work into specialized tasks and roles is the Division of labor.
Division of labor, division of work process into multiple tasks. Each task is performed by a different person or group of people. This is most commonly applied to mass production systems and is one of the basic organizing principles of assembly lines.
The division of labor increases production and efficiency by dividing the individual tasks of creating objects among different people. This simplifies the work that each person has to do.
The division of labor increases productivity, which also means that it is cheaper to produce goods. This in turn leads to cheaper products. If you divide it into five people who specialize in work, it will be faster and more efficient. In return, the number of product .
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and money is transferred out of a checking account, it is the transfer of funds that constitutes the actual payment for the good and service.
The price made to dealers that lend or store money is expressed as an annualized percentage of the monetary amount lent or saved. every now and then known as nominal hobby price or rate of cash.
The Fed implements financial coverage normally with the aid of influencing the federal budget price, the hobby fee that financial institutions rate each different for loans in a single day market for reserves.
Required reserves def. the amount of reserves banks must maintain in their vault or with the Fed that they cannot lend out expanded reserve requirement banks need to hold extra deposits as reserves, as a result reducing the quantity available for loans.
Financial coverage. A macroeconomic coverage enacted through the relevant bank involves the control of cash delivery and hobby charges. This coverage is regularly used to stimulate increase, manage inflation, and control change rates.
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For a long while, electricity producers were thought to be a classic example of a natural monopoly. People held this view because
People though that electricity producers were an example of a natural monopoly because the average cost of producing units of electricity by one producer in a specific region was lower than if the same quantity were produced by two or more producers in the same region.
What is a natural monopoly?A monopoly is when there is only one firm operating in an industry. This is due to the high barriers to entry of other firms. A monopoly earns economic profit in the long run.
A natural monopoly is a type of monopoly characterised by high infrastructural costs when compared to the size of the industry. This high infrastructural costs creates a barrier to entry for other firms and gives the largest supplier an advantage when compared with other suppliers in the industry.
Features of natural monopolies include:
A high fixed cost and low marginal cost of productionNatural monopolies occur through the free market and not by government regulations.Here are the options:
A. the average cost of producing units of electricity by one producer in a specific region was lower than if the same quantity were produced by two or more producers in the same region.
B. the average cost of producing units of electricity by one producer in a specific region was higher than if the same quantity were produced by two or more produced in the same region.
C. electricity is a special non-excludable good that could never be sold in a competitive market.
D. the marginal cost of producing units of electricity by one producer in a specific region was higher than if the same quantity were produced by two or more producers in the same region.
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Select the correct answer from each drop-down menu. Kevin is a store manager and has employees from diverse cultures reporting to him. He has often seen Marcos having arguments with his colleagues, Kwa Lee and Gaurav. What can Kevin do to ensure that there is team spirit and effective communication amongst all? Kevin can first be aware of his own attitude to diversity . He can also assess Marcos and him to change his behavior toward his other colleagues. He can also think of putting them together into similar departments to encourage .
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts.
Autocratic or authoritarian behavior as a leadership style.
An authoritarian leader consolidates his own personal control over both decision-making and authority. Without speaking to the workforce, he gives directions and assigns endeavors and liabilities. The pioneer assumes all authority and responsibility.
Negative leadership that relies on threats and punishment is autocratic.
Subordinates go about as he coordinates. He neither really focuses on their perspectives nor licenses them to impact the choice. He accepts that due to his position he alone can conclude what is best in a given circumstance.
Close oversight, unambiguous guidance, and directing requests from the majority are the foundations of autocratic leadership. It functions with quick decisions, brief activity, and heading unity. A lower level of appointment is required. Nevertheless, an excess of purpose of power could result in strikes and current debates. It makes sense to instill dissatisfaction and impede the growth of the employee limit.
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts. Individual control over all choices and little participation from the group are traits of his behavior. He frequently disregards advice and makes decisions based solely on his opinions and judgments.
These sorts of choice include the utilization of power gave on the singular taking the choice by the association's design. Hierarchical decisions are those decisions taken simply in light of a legitimate concern for the association. Directors are given the authority by the firm to settle on decisions in light of a legitimate concern for the association. Notwithstanding, this authority doesn't concede them the ability to pursue individual decisions. It should likewise be perceived that while hierarchical decisions can be assigned, individual decisions can't be appointed.
To explain further the concession among individual and hierarchical choice, let us think about the accompanying model. James Harrison was terminated by the supervisor since he didn't submit to the principles of the organization. This would be an authoritative choice. In any case, assuming James Harrison was terminated essentially on the grounds that the director loathed him for not a great explanation connected with the organization then that would be an individual choice. An authoritative choice is customized yet an individual choice is non-modified.
Functional:
Typically, judgments related to everyday activities are made functionally. These kinds of tailored choices are, by definition, meant to help the organization achieve short-term objectives. Chiefs at lower and middle levels typically make these decisions. Functional decisions must be made within the framework of the organization's established practices. As a result, those that must accept functional option are allowed to exercise their very own constrained utilization caution and drive.
Simple functional decisions, such regularly procuring writing materials and other natural resources, are designed to have an impact on a certain area or division of the company. As we can see, making such a decision will only affect the buying department.
Strategic Decisions:
It is implied that decisions involving important but one-time issues qualify as critical decisions. These decisions are made using a variety of administrative skills, wisdom, and experience. Not at all like functional choices, important decisions worry the firm's drawn-out points. When making a crucial decision, the person or group making it must carefully consider how the company association and its current situation are related. Important judgments are less secure in nature since the climate is constantly changing. Another reverence among important and practical choices is that crucial judgments are made by senior management.
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Answer: The Answer is diversity, Counsel, and Interactions.
Explanation:
This is correct, I just took the test. :)
Accrued are earned in a period that are both unrecorded and not yet received in cash.
Accrued income is the income that is earned but has not yet been received by the company.
What is Revenue?Revenue is the income earned by a company, this is the sole reason for the existence of the company and company ensures that the expenses incurred by the company are less than the income earned so that the company stays to compete in the market.
Accrued income is the income for which the company have fulfilled its performance objectives which means the company have provided goods or services but the cash / income is not yet received by the customer, and it will be received in the future.
The company records a double entry for the accrued income and receivable, when cash is received this entry is reversed and sales and cash received is recorded. The accrual recording is a key task and should be performed by expert individuals.
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Firms adopting a relationship marketing strategy view technology and social media as a(n)
Firms adopting a relationship marketing strategy view technology as a(n): increased opportunity to personalize marketing campaigns to meet customer needs.
What is relationship marketing strategy?
To assure long-term happiness and brand loyalty, relationship marketing refers to the marketing approach of fostering more meaningful ties with customers. Relationship marketing places more of an emphasis on long-term client satisfaction than it does on quick wins or quick revenues.
What is the role of technology in relationship marketing?
Information technology (IT) and its application in marketing are fundamentally changing how businesses conduct marketing. The links between marketing and other activities, as well as between marketing and suppliers and customers, are changing as a result of the ubiquitous availability of information and improved communication skills.
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The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor. Multiple Choice Federal Trade Commission Act Wheeler-Lea amendment Gramm-Rudman-Hollings Act Robinson-Patman amendment Free Exercise Act
The (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
What is the Robinson-Patman act?The Robinson-Patman Act is a federal statute that was created in 1936 to make pricing discrimination illegal. The Robinson-Patman Act amends the Clayton Antitrust Act of 1914 in order to prohibit "unfair" competition.The Robinson-Patman Act is a federal statute that prohibits pricing discrimination.The law prohibits wholesalers from charging varying pricing to different merchants.The act only applies to interstate commerce and includes an exemption for "cooperative associations."Economists and legal scholars have strongly opposed the measure on a variety of grounds.Therefore, the (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
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Complete question:
The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Multiple Choice
(A) Federal Trade Commission Act
(B) Wheeler-Lea amendment
(C) Gramm-Rudman-Hollings Act
(D) Robinson-Patman act
(E) Free Exercise Act
Allen filed his 2021 tax return on May 15th, 2022, and underreported his gross income by 30 percent. Assuming Allen's underreporting is not due to fraud, the statute of limitations for IRS assessment on Allen's 2021 tax return should end:
E) None of the choices are correct.
Because Allen underreported his gross income by 30 percent, the statute of limitations (SOL) ends six years from the later of
(i) the date the tax return was filed or,
(ii) the tax return's original due date.
Why Is the Internal Revenue Service (IRS) Important?Tax collection and law enforcement are the responsibilities of the Internal Revenue Service (IRS), a branch of the American government (such as the wash sale rule). Abraham Lincoln, the country's sixteenth president, established the agency in 1862. It is governed by the U.S. Department of the Treasury and is primarily responsible for collecting employment and individual income taxes. Estate, gift, corporate, and excise taxes are all managed by the IRS.
How likely is it that the IRS will check my taxes?
The audit rate for individual tax returns in 2020 was 0.63 percent. However, if you earn a lot of money, your chances improve. For those earning $10 million or more in 2020, the rate was 9.8%. The IRS won't audit you based on a single factor, though.
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Correct question:
Allen filed his 2021 tax return on May 15th, 2022, and underreported his gross income by 30 percent. Assuming Allen's underreporting is not due to fraud, the statute of limitations for IRS assessment on Allen's 2021 tax return should end:
A)May 15th, 2023.
B)April 15th, 2023.
C)May 15th, 2024.
D)April 15th, 2024.
E)None of the choices are correct.
New brands with small market shares tend to spend more on advertising and sales promotions than those with large market shares because _______.
New brands with a small market share tend to spend proportionately more for advertising than those with a large market share because of the reasons for higher advertising cost for smaller business is:
First, after a certain level of spending, diminishing returns make a place in the returns..
-Secondly sales or market share will decrease without mattering how much is spent on advertising and sales promotion. This is known as the advertising response function.
-Thirdly, new brands always tend to require higher spending to maintain a fixed minimum level of exposure to affect the purchase habits of the customers measurably.
New brands always require higher spending to reach that minimum level of exposure needed to affect purchase habits of the consumers.
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Creating a positive work environment that is recognized inside and outside the firm is an important copoentn of?
The answer is recruitment.
"Positive" work environments are ones that foster trust, cooperation, safety, risk-taking support, responsibility, and equity. When considering a pleasant work environment, there are certain abstract notions to consider.
Recruitment is the process of actively searching, identifying, and hiring persons for a certain position or vocation. The right person is placed at the right position to get the work done in the best possible perfection. The recruitment definition comprises the whole hiring process, from initial screening through the individual recruit's integration into the organization.
Therefore, the answer is recruitment which creates positive work environment that is recognized inside as well as outside.
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If the domestic government of a small open economy reduces government spending, the real exchange rate will __________ and net exports will ___________ a. Increase, decrease b. Increase, increase c. Decrease, increase d. decrease
Increase, decrease
A small open economy's domestic government reducing back on spending will result in an increase in the real exchange rate and a drop in net exports.
Government spending
Government spending refers to funds used by the public sector for the purchase of products and the delivery of services, including those related to defense, social protection, healthcare, and education. If government spending results in the unemployed finding work, they will have more money to spend, which will increase aggregate demand even more. When the economy has excess capacity, government expenditure may result in a greater final gain in GDP than the initial exposure.
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A merchant sued a company for breach of contract, alleging that the products she purchased failed to conform to contract specifications. Shortly before the trial was to begin, the merchant suffered a stroke that left
The Court will rule the Objection in the following manner : -
The right Response will be Option D.
Overruled because the merchant's claim was made beyond the parameters of the privilege according to the circumstances in which it was made.
Reasons to overrule the Argument:It's likely that the semi-pro team's owner will win. Although the parties referred to the $500 per week damages as a "penalty," it actually functions as a fair liquidated damages clause. If the sum agreed upon is a fair prediction of compensatory damages in the case of a breach and I damages are difficult to determine at the time the contract is created, the parties to the agreement may specify what damages are to be paid in the event of a breach. This situation satisfies these requirements. The owner estimated that it would cost him several thousand dollars to hire a new management in the middle of the season, which seems like a realistic estimate of the compensatory damages.
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Correct Question - A merchant sued a company for breach of contract, alleging that the products she purchased failed to conform to contract specifications. Shortly before the trial was to begin, the merchant suffered a stroke that left her paralyzed and virtually unable to communicate. Her guardian was properly substituted as the plaintiff in the lawsuit. At trial, following presentation of the plaintiff's case, the company calls as a witness a priest to question him about a conversation he had with the merchant at a church fundraiser. In this conversation, the merchant told the priest in confidence that the products she received were actually quite functional, but that she had become aware of a lower price being offered by another vendor, and thus wanted to get out of her contract with the company. The plaintiff's attorney immediately objects on the basis of clergy-penitent privilege.
How should the court rule on the objection?
A Sustained, because the merchant's statement was made to the priest in confidence.
B Sustained, because this is not a criminal case.
C Overruled, because the privilege can be invoked only by the person who made the confidential statement.
D Overruled, because the circumstances under which the merchant made the statement take it outside the scope of the privilege.
_________ _________ is often solved with the broker representing both sides designating a separate agent for both buyer and seller.
Dual agency is often solved with the broker representing both sides designating a separate agent for both buyer and seller.
An individual who represents both the buyer and the seller in a transaction is known as a dual agent. It's common to mix up dual agents and designated agents. Assigned agents, on the other hand, consist of two people who each represent the buyer and seller independently.
In a dual agency scenario, a single agent acts as both the buyer's agent and the seller's representative, as opposed to two independent agents. When the buyer and seller work with the same brokerage, dual agency frequently occurs.
The commissions for both agents are normally paid by the seller, thus in this case, the seller stands to directly benefit financially. However, if the seller's expenses are lower, they might be open to the idea of the buyer offering a lesser price.
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Several managers were having a budget meeting. At first, they were all focused on the issues, though there was mild disagreement. Tensions increased as the participants wanted more of the fixed pool of money than was available. The discussion then moved away from the budget to personal insults and sniping. The first part of this meeting illustrates ________ conflict, which later turned into ________ conflict. Group of answer choices relationship; task task; constructive constructive; task task; relationship
The correct option is task; relationship. The first part of this meeting illustrates the task conflict that later turned into relationship conflict.
How to manage a conflict?It is necessary that organizational departments understand the normality of conflicts in the organizational environment, where there are people with different values and personalities. To reduce tensions, it is necessary to strengthen communication, increase employee motivation and create a culture favorable to development.
Therefore, in the organizational environment there are several types of conflicts with different scopes, which can be reduced through the creation of strong personal relationships and clear and objective communication.
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