Answers
Answer:
D
Explanation:
The acquisition of Whole Foods supermarket by Amazon Company is describing the company's diversification strategy.
Option D is the correct answer.
What is marketing?Marketing is the process of making the promotion of goods or services made by a company. it can be an online promotion or offline promotion.
Diversification is a marketing strategy where a company wants to expand its operations or launch a new product line. The main focus is to enhance and expand its business so that it can increase its business growth.
Therefore, Amazon uses a diversification strategy by acquiring the Wholefoods.
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Related Questions
Your uncle in announces at a family gathering that he is thinking of becoming a day trader. What might you ask him to help him assess the wisdom of that choice?
Answers
Answer:
I’d ask him what are the stocks he is interested in selling/investing in. And where he would get all these stocks due to the fact that day traders sell everyday. Causing me to question if he’s buying stocks in surplus then selling them for a higher price or perhaps he has stocks of his own he can make a surplus of.
Explanation: Day traders execute many trades throughout the day to capitalize on intraday market price action. Their goal is to profit off of short term price movements.
1. Using credit has not always been a socially accepted practice, but it has become...
O Normal in American culture
A practice used by the wealthy
Less acceptable
Necessary for life in America
Answers
Answer:
Necessary for life in America
Explanation:
Hope it helped brainiest plz
According to the video, Municipal Clerks issue permits and licenses for what things? Check all that apply.
boats
marriages
fishing
hunting
driving
dogs
cooking
Answers
Answer:
marriages, fishing, hunting, and dogs
Explanation:
Answer:
b,c,d,f
Explanation: I Just Took The Test.
Q1. SISKO & Co. Ltd commences business and issues one million shares with a nominal value of Le3 each. The company allows its allottees to pay Le1.25 on allotment and the remainder at a later date. All the allottees chose to do this and all the shares are sold. What is JEMILEX & Co. Ltd's paid-up share capital? A. Le1.25 million B. Le3 million C. Le1.75 million D. Le500,000 Q2. Cash Balance Le15,000; Trade Receivables Le35,000; Inventory Le40,000; Trade Payables Le24,000 and Bank Overdraft is Le6,000. Current Ratio will be : (A) 3.75:1 (B) 3:1 (C) 1:3 (D) 1 : 3.75
Answers
Answer:
SISKO & Co. Ltd.
1. The paid-up share capital is:
A. Le1.25 million
2. Current Ratio will be:
(B) 3:1
Explanation:
a) Data and Calculations:
Issued share capital = 1,000,000 shares
Allotment = Le1.25 per share
Paid-up share capital = Le1.25 million (Le1.25 * 1,000,000)
Current Ratio:
Cash Balance Le15,000
Trade Receivables Le35,000
Inventory Le40,000
Total current assets Le90,000
Current liabilities:
Trade Payables Le24,000
Bank Overdraft Le6,000
Total current liabilities Le30,000
Current ratio = Current assets/Current liabilities
= Le90,000/Le30,000
= 3:1
When you purchase a new car, what kind of tax will you usually pay?
A. Property tax
B. Payroll tax
C. Sales tax
D. Income tax
Answers
Explain
When buying a car you have to pay state sales taxes which is a range of 3 to 8 percent
When you purchase a new car, what kind of tax will you usually pay is: C. Sales tax.
What is sales tax?Sales tax can be defined as the tax amount that is included in the selling price or cost price of the goods you purchase by the seller.
When you purchase a product ,the type of tax will you usually pay is called Sales tax.
This sales tax is often calculated as a percentage after purchasing a product at the point of purchase.
Inconclusion When you purchase a new car, what kind of tax will you usually pay is: C. Sales tax.
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Cullumber purchased a patent from Vania Co. for $1,230,000 on January 1, 2018. The patent is being amortized over its remaining legal life of 10 years, expiring on January 1, 2028. During 2020, Cullumber determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020
Answers
Answer: $738,000
Explanation:
The amount they should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 goes thus:
The amortization for 2018 and 2019 will be:
= $1,230,000 × 2/10
= $246,000
Then, the carrying value of patent in the beginning of 2020 will be:
= $1,230,000 - $246,000
= $984,000
It should be noted that the remaining life will be:
= 6 years - 2 years
= 4 years
2020 Amortization will then be:
= $984000/4 =
$246000
Accumulated Amortization will be:
= $246,000 + $246,000
= $492,000
Therefore, the amount reported in patents will be as at December 31, 2020 will be:
= $1,230,000 - $492,000
= $738,000
QUESTION 1 of 10: You are considering leasing a store site that has 1,200 square feet. The landlord is asking for a rent of $65 per square
foot per year. How much is the rent per month?
a) $6,000
b) $6.250
c) $6,500
d) $6,750
Submit
Answers
Answer:
c) $6,500
Explanation:
The rent per year = $65 per foot
Total square feet = 1200
Rent per year = $65 x 1200
=$78,000
Rent per months will be $78,000 /12
=$6,500
Your older brother turned 35 today, & he is planning to save
GH¢7,000/year for retirement, with the first deposit to be made
one year from today. He will invest in a mutual fund that's
expected to provide a return of 7.5%/year. He plans to retire 30
years from today, when he turns 65, & he expects to live for 25
years after retirement, to age 90. Under these assumptions, how
much can he spend each year after he retires? His first
withdrawal will be made at the end of his first retirement year
Answers
The older brother will be able to spend an amount of GH¢64,932.21 each year for 25 years after retirement.
What is Formula for Future value of the annuity?Future Value (FV) = P * ((1 + r)^n - 1/r)
FV = GH¢7,000 * (1+0.075)^{30} - 1/0.075]
FV = GH¢7,000 x (8.754955-1)/0.075
FV = GH¢7,000 x (7.754955/0.075)
FV = GH¢723,795.82
The amount of cash flow is derived and shows the current yearly savings will be available for him at the age of 65 and to be spent for the 25 years if he expects to live after retirement.
To determine the amount he is able to spend each year, we will copute that as follows:
PV = P x [1-(1+r)^{-n}/r] where PV= GH¢723,795.82, P= Expected periodic spending, R = 7.5%, n = 25 yearsGH¢723,795.82 = P * [1-(1+0.075)^{-25}/0.075]
GH¢723,795.82 = P * [(1-0.163979)/0.075]
GH¢723,795.82 = P * (0,836021 /0.075)
GH¢723,795.82 = P * 11.14695
P = GH¢723,795.82/11.14695
P = GH¢64,931.21
Therefore, the amount of GH¢64,932.21 will be spent each year for 25 years after retirement.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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26
Which of the following item is typically not included in a Public Information Book
(PIB)?
Industry reports
Discounted cash flow model
Review Later
Equity research reports
Recent press releases
Answers
Discounted cash flow model is typically not included in a Public Information Book
(PIB).
The Public information report that appears the open data accessible around the company, The later presses, and the Industry reports at the side Research reports will be accessible whereas the DCF show is ready by the Investigator by giving proposals.
What is a Public information book ( PIB)?
A Public Information Book (PIB) may be a report that compiles accessible open data on a particular company. By and large, it contains data from the company’s most recent yearly report, value investigate reports, industry data, news articles, and later quarterly profit webcasts or conference calls. A PIB is exceptionally accommodating when performing due constancy on a company, which in turn is indispensable for Commerce Valuation. It may be a effective asset that will more often than not be the beginning point and give imperative supporting documentation for your investigation of a company.To know more about the PIB visit :
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Papa John’s is one of the fastest-growing pizza delivery and carry-out restaurant chains in the country. Presented here are selected income statement and balance sheet amounts (dollars in thousands). Current Year Prior Year Net sales $ 1,242,087 $ 1,242,087 Net income 51,796 22,735 Average shareholders' equity 121,445 134,536 Average total assets 390,143 397,728 Required: 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places.)
Answers
Answer and Explanation:
The computation of the return on assets for the current and prior years are as follows:
As we know that
Return on assets = Net income ÷ average total assets
For current year
= $1,242,087 ÷ $390,143
= 3.184
And, for the prior year
= $1,242,087 ÷ $397,728
= 3.123
Which form does an individual use to file taxes? W-4 1040 W-2 1020
Answers
Answer:
a W-4 1040
Explanation:
W-4 1040 is used to file taxes while a W-2 1020 is what an employer sends to an employee to report their wages and withholdings.
W-4 1040 form does an individual use to file taxes, because W-4 1040 is used to file taxes while on the other hand W-2 1020 is what an employer sends to an employee to report their wages and withholdings.
What is form W-4?The Internal Revenue Service (IRS) Document W-4, also known as the "Employee's Withholding Allowance Certificate", is a tax form that employees in the United States fill out to inform their employers of their tax situation (exemptions, status, etc.).
The W-4 form indicates to the employer how much federal income tax should be deducted from an employee's paycheck.
What is Tax?In order to ensure that taxpayers are paying the proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, tax compliance refers to both policy actions and individual behavior.
A tax is a mandatory financial charge or another sort of levy that is levied by a governmental institution on a taxpayer (an individual or legal entity) in order to pay for government spending and other public expenditures (regional, local, or federal).
The first known taxation was implemented in ancient Egypt between 3000 and 2800 BC.
Failure to make timely payments as well as tax evasion or resistance are examples of breaking the law.
Taxes can be paid directly or indirectly, in cash or labor.
Hence, option A is correct.
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Cullumber Company uses a periodic inventory system and reports the following for the month of June.
What is the weighted-average unit cost ?
Answers
For the month of June, Cullumber Company reports using a periodic inventory system. The weighted-average unit cost is $10.117, or $951 ÷ 94.
How do periodic inventory systems record inventory?All purchases made between physical inventory counts are recorded in a purchases account under the periodic inventory system. After a physical inventory count, the balance in the purchases account is moved into the inventory account, where it is rebalanced to match the cost of the finished inventory. Simply put, to determine the weighted average, all data set values must first be multiplied by their respective weights. After that, add up the products that resulted and divide by the total weights. While managing rates, one will as a rule observe that the amount of loads is equivalent to 1 or 100 percent.
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How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?
Answers
It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.
CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.
As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.
It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.
This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.
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Farris Company reported the following information for its two products:
Product X Product Y
Selling price per unit
$ 25 $35
Variable cost per unit
15 20
Due to labor constraints, demand for each of the products is greater than its supply. Product X requires one hour of labor to produce and product Y requires three hours of labor to produce. Which of the following statements is true?
Answers
Answer: To determine which statement is true, we need to compare the contribution margin per unit of each product. The contribution margin is the amount by which the selling price exceeds the variable cost per unit, and it represents the amount of revenue available to cover fixed costs and contribute to profit.
Explanation: The contribution margin per unit for each product is calculated as follows:Product X: $25 selling price - $15 variable cost = $10 contribution margin per unitProduct Y: $35 selling price - $20 variable cost = $15 contribution margin per unitHowever, since Product Y requires three times as much labor as Product X, we need to consider the contribution margin per hour of labor:Product X: $10 contribution margin / 1 hour of labor = $10 contribution margin per hour of laborProduct Y: $15 contribution margin / 3 hours of labor = $5 contribution margin per hour of laborTherefore, the true statement is that Product X has a higher contribution margin per hour of labor than Product Y. Even though Product Y has a higher total contribution margin per unit, it requires more labor to produce, which reduces its contribution margin per hour of labor. As a result, if there is a labor constraint, it may be more profitable to produce more units of Product X rather than Product Y.
.
Example of dependability:
Opposite of dependability:
Why does your employer want you to demonstrate dependability?
Answers
Employer want you to demonstrate dependability because dependable employees are willing to assist clients and coworkers without his supervision, a company desires them.
What do you mean by Dependability?Dependability is characterized as the capacity to be trusted or depended upon.
Reliable and dependable in carrying out duties linked to the job, completing tasks given to them, and keeping appointments and deadlines. Keywords: Reliable, Consistent, and Stable. Additionally, having dependability might enhance the quality of your life. If you are dependable, people will know they can rely on you to show up on time, give an assignment your all, see it through, and even act morally when no one is looking.
Therefore, Employer want you to demonstrate dependability because dependable employees are willing to assist clients and coworkers without his supervision, a company desires them.
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When asked how positive or negative they feel about their work, fewer than 20% of U.S. workers report being dissatisfied with their jobs.
Answers
According to statistical data, it is indeed TRUE that less than 20% of U.S. workers are dissatisfied with their jobs.
According to recent labor statistics:
85% of Americans are satisfied with their jobs Most Americans don't mind the roles they execute at workIf 85% of people are satisfied then the percentage is potentially dissatisfied is:
= 100% - 85%
= 15%
It is therefore true that less than 20% are dissatisfied.
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what are some spending areas the might be prioritized by people , yet shouldnt be ?
Answers
Answer:Generosity first (even if it is time and support rather than money)
Mortgage/Rent (payment, insurance, utilities)
Groceries (not dining out)
Protective clothing.
Required prescriptions and medical procedures.
Utilities.
Emergency savings.
Explanation:
Use of the marginal cost of capital
a. None of these options are correct.
b. recognizes that the return from the last dollar of funds generated should be greater than or equal to the cost of the last dollar of funds raised.
c. acknowledges that when retained earnings are used up as a source of equity, the cost of capital rises as new common stock is sold to support more growth and recognizes that the return from the last dollar of funds generated should be greater than or equal to the cost of the last dollar of funds raised.
d. acknowledges that when retained earnings are used up as a source of equity, the cost of capital rises as new common stock is sold to support more growth.
Answers
Answer:
The correct answer is the option B: recognizes that the return from the last dollar of funds generated should be greater than or equal to the cost of the last dollar of funds raised.
Explanation:
To begin with, the concept of ''marginal cost of capital'' refers to the composite rate of return that is required by the shareholders and the debt-holders in order to establish a new investment in the actual company. Moreover, this type of cost relates to the weighted average cost of the last dollar of new capital raised by the company and is has the necessity of being greater than or at least equal to the cost of the last dollar of funds raised due to the fact that only in that way the investors will consider to invest again in a new project for the company.
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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During its first year of operations, Kingbird, Inc. had credit sales of $3,875,000, of which $440,000 remained uncollected at year-end. The credit manager estimates that $18,900 of these receivables will become uncollectible.(a)Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers
The credit manager estimates that $18,900 of these receivables will become uncollectible. The journal entry to record the estimated uncollectible is \(2.146065*10\).
Receivables, loans, or other debts with essentially zero prospect of being paid off are considered accounts uncollectible. A debt may become uncollectible for a variety of reasons, such as the debtor's bankruptcy, an inability to locate the debtor, the debtor's fraud, or a lack of adequate documents to support the existence of the debt. In California, the statute of limitations typically lasts four years for consumer debts resulting from written contracts. This covers debts from credit card, auto, personal, private student, and medical loans. For creditors, any quantity of uncollectible debt results in a loss.
Based on the given conditions, formulate:
18900*440000/3875000
Calculate
18900*440000/3875000
Reduce
\(756*88/31=66528/31=2.146065*10^{3}\)
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Reflect on how the money multiplier concept can be an important tool of both expansionary as well as contractionary monetary policy for any central bank such as the U.S. Federal Reserve Bank?
Answers
The money multiplier can be used as an expansionary and also an expansionary tool by a given government.
What is an expansionary tool?As an expansionary tool, the money multiplier may be used to increase the amount of money supply that is in an economy. This would cause the interest rates to be low so that people would not have much benefits from saving their money.
As a contractionary toolThe money multiplier can be used to reduce the amount of money that is in circulation in a given economy. This would make people want to save more money in the bank because the interest rate is going to be raised.
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One of the most significant differences between Canada and the United States
regarding tax systems and payroll costs involves __________.
a. income tax
b. worker's compensation
c. pension funds
d. socialized medicine
Answers
One of the most significant differences between Canada and the United States regarding tax systems and payroll costs involves Option D. Socialized medicine.
Socialized medicine is a healthcare system where the government owns and runs the healthcare system. Under this system, the government provides healthcare services to citizens and residents without requiring them to pay directly out of their pockets for every service. In Canada, socialized medicine is a significant feature of the country's healthcare system. In the United States, socialized medicine is not a significant feature of the healthcare system. The healthcare system in the US is dominated by private insurance companies that require individuals to pay for healthcare services.
This means that the US healthcare system is primarily based on a market-driven approach, where individuals are required to purchase health insurance from private companies. These companies then provide healthcare services to individuals based on the type of coverage that they have purchased. The difference in the approach to healthcare systems between Canada and the United States affects the tax systems and payroll costs in these countries. In Canada, the government provides healthcare services, which means that the government needs to fund the healthcare system.
This funding is primarily done through taxes paid by individuals and businesses in the country. This tax system is designed to be progressive, which means that individuals who earn more money pay a higher percentage of their income in taxes than those who earn less. In the United States, the healthcare system is dominated by private insurance companies. This means that individuals are required to pay for healthcare services out of their pockets or through health insurance plans. This system of healthcare financing means that the tax system in the United States is less progressive than the tax system in Canada.
In conclusion, socialized medicine is one of the most significant differences between Canada and the United States regarding tax systems and payroll costs. Canada's healthcare system is funded through taxes that are paid by individuals and businesses, while the US healthcare system is primarily funded through private insurance companies. This means that the tax system in Canada is more progressive than the tax system in the United States. Therefore, the correct option is D.
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Janet purchased her personal residence in 2011 for $250,000. In January 2021, she converted it to rental property. The fair market
value at the time of conversion was $210,000. (Use Table 6A-6
Required:
a. Determine the amount of cost recovery that can be taken in 2021.
b. Determine the amount of cost recovery that could be taken in 2021 if the fair market value of the property were $350,000.
Answers
If Janet purchased her personal residence in 2011 for $250,000. In January 2021, she converted it to rental property. The amount of cost recovery that can be taken in 2021 is $7,318.50 and the amount of cost recovery that could be taken in 2021 is $8,712.50.
Cost recoveryIn order to determine the cost recovery we have to choose the amount that is lower between the depreciable basis of the fair market value or cost at the date of conversion.
The amount that is lower is the cost at the date of conversion of the amount of $210,000 and this amount is depreciated based on a 27.5 year mid month method.
Hence,
a. Amount of recovery :
Amount of recovery = $210,000 × 0.03485
Amount of recovery = $7,318.50
b. Amount of recovery
Amount of recovery = $250,000 × 0.03485
Amount of recovery = $8,712.50
Therefore the cost recovery is $7,318.50 and $8,712.50.
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The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending Raw materials inventory $ 550,000 $ 613,000 The raw materials used in manufacturing during the year totaled $1,033,000. Raw materials purchased during the year amount to
Answers
Answer:
$420,000
Explanation:
Given the following information, Beginning ending raw materials inventory $560,000 $613,000
The raw materials used in manufacturing during the year is totaled $1,033,000
We will use the formula below to calculate raw materials purchased during the year
Raw materials purchases
= Direct materials used in production - Ending inventory
= $1,033,000 - $613,000
= $420,000
What is the term for the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have?
ОА
consensus ad idem
B.
the principle of indemnity
OC negligence
OD
risk classification
Answers
The principle of indemnity is the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have.
What is loss?Loss occur due to some unplanned circumstances. It could be loss of live and properties such as cars and house.
Insurance allows us to have a backup in case of loss.
Therefore, The principle of indemnity is the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have.
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Whether to pay a lawmaker for giving a speech at your company is an ethical
dilemma that deals with
O A. lobbying
B. awarding honoraria
c. professional standards
D. gift giving
Answers
Answer: D
Explanation:
Answer:
D. gift giving
Explanation:
Dan Pink argues that for 21st century tasks in creative businesses the mechanistic, reward-and-punishment approach will not work best because creativity is often constrained when immediate monetary rewards are offered in return for success. a. Trueb. False
Answers
Answer: True
Explanation:
This statement is true. Dan Pink argued that when it came to creative businesses, it would be best to use intrinsic as opposed to extrinsic rewards to encourage employees as extrinsic rewards such as money could constrain creativity.
Intrinsic rewards are those that are psychologically rewarding such as giving employees tasks that are fulfilling and make them feel part of the team as well as positive feedback from employers.
Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Answers
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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Which of the following is a fixed asset for a business?
A. Bicycle for private use
B. Washing machine for restate
C. Motor car for family use
D. Motor lorry for delivery of goods
Answers
Answer:
D. Motor lorry for delivery of goods
Explanation:
Business assets are valuable used to generate revenue for the business. Assets can be classified as either current or fixed assets. Currents assets can be converted to cash with relative ease.
Fixed assets have a lifespan exceeding one year. Usually, a business will not dispose of its fixed assets in the current financial period. Fixed assets remain constant in a period and are used in the production process.
From the list provided, lorry is the fixed asset. It is being used to deliver goods, hence assisting in generating revenue. The lorry has a lifespan exceeding one year and is not meant for sale.