a small, blockchain-based banking firm has a clan culture. its employees have generous perks and are empowered to participate and collaborate on key projects. the end results are profitability and an enviably low 2-percent turnover rate. a clan culture has a(n)
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As the small, blockchain-based banking firm has a clan culture. Its employees have generous perks and are empowered to participate and collaborate on key projects. The clan culture has an internal focus.
What does internal focus mean?Also known as internal locus of control, refers to a psychological concept in which people believe they have control over the situations and experiences that affect their lives. In education, locus of control means how students perceive the causes of their academic success or failure in school.
An individuals with a strong internal locus of control believes that events in their life are primarily a result of their own actions: for example, when receiving their exam results, people with an internal locus of control tend to praise or blame themselves and their abilities.
In conclusion, the people with a strong external locus of control tend to praise or blame external factors such as the teacher or the exam.
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Related Questions
twitter provides a platform where businesses can create advertising campaigns
Answers
Answer:
ok?
Explanation:
my boss just took 70 dollars out of my paycheck and he said, "i cant believe you yelled at one of our costumers." and I have no idea what he is talking about. Is this something i should take to the owner of the store?
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Information related to Harwick Co. is presented below.
A. Prepare the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
B. Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
1. On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Botham.
3. On April 7, purchased equipment on account for $26,000.
4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise.
5. On April 15, paid the amount due to Botham Company in full.
E5-2 General Journal
Date Account Titles Debit Credit
(a)
Apr. 5
6
7
8
15
(b)
May 4
Answers
Answer:
A.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
Cr Cash $19,600
Cr Merchandise inventory $400
B. Dr Accounts payable $20,000
Cr Cash $20,000
Explanation:
A. Preparation of the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
($23,000-$3,000)
Cr Cash $19,600
[$20,000*(100%-2%)]
Cr Merchandise inventory $400
($20,000-$19,600)
B. Preparation of the journal entry to record this payment Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15.
May 4
Dr Accounts payable $20,000
Cr Cash $20,000
($23,000-$3,000)
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Suppose utility of an individual is U=min [2X, Y]. If that person has 10 units of X and 15 units of Y, what is her utility? Is X and Y are complementary, perfect substitutes or neither of these?
Answers
Suppose the utility of an individual is U=min [2X, Y]. If that person has 10 units of X and 15 units of Y, X and Y are complementary goods in this case.
To find the utility of the individual, we need to substitute the given values of X and Y into the utility function U = min[2X, Y].
Step 1: Substitute the values of X and Y
U = min[2(10), 15]
Step 2: Simplify the equation
U = min[20, 15]
Step 3: Choose the minimum value
U = 15
The individual's utility is 15. Now, let's determine if X and Y are complementary, perfect substitutes, or neither of these.
In the given utility function, U = min[2X, Y], the individual's utility depends on the minimum of 2X and Y.
This means that the individual cannot increase her utility by consuming more of one good without consuming more of the other. This is the characteristic of complementary goods. Therefore, X and Y are complementary goods in this case.
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You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account with a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000
Answers
Answer:
A) $10,195
Explanation:
This can be calculated as follows:
Amount in Account "B" = $12,850.25
Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25
Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25
Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195
Therefore, the correct option is A) $10,195.
education opens the door to employment.
Answers
Answer:
yes education opens the door to employment as Education give us a new identity and talent which people are looking for the employment. Education can lead to success and employement.
external cost of expanding or building airport
Answers
Answer:
External costs may involve or interact and be impacted by the environment, society, or economic travesty, especially ones that were uncalled-for.
External costs depend on many things, including area, time, and space, but will mostly be a few hundred thousand U.S.D.
Aliyah made a payment in the amount of $47. 93. She’ll use the check register to record her transaction. What will be her new balance?.
Answers
Answer: 1295.02
:)
Explanation:
To reduce the accidental spread of hazardous substances by workers from a contaminated area to a clean area, what should generally be established?
Answers
By implementing these measures, the accidental spread of hazardous substances can be reduced, protecting workers and preventing contamination of clean areas. It is essential to remember that specific procedures and requirements may vary depending on the nature of the hazardous substances and the industry involved. Regular review and updates to safety protocols are necessary to address changing circumstances and ensure ongoing effectiveness.
To reduce the accidental spread of hazardous substances by workers from a contaminated area to a clean area, several measures should generally be established:
1. Clearly marked boundaries: Clearly define and mark the boundaries between the contaminated and clean areas. This can be done using signs, barriers, or colored lines on the floor. These visual cues help workers understand where they should not cross to prevent the spread of hazardous substances.
2. Personal protective equipment (PPE): Provide appropriate personal protective equipment to workers entering the contaminated area. This may include items such as gloves, goggles, masks, or coveralls, depending on the nature of the hazardous substances present. PPE acts as a physical barrier and helps prevent workers from carrying contaminants to clean areas.
3. Decontamination procedures: Establish and enforce proper decontamination procedures for workers leaving the contaminated area. This may involve designated decontamination zones where workers remove their PPE and undergo thorough cleansing before entering the clean area. Decontamination procedures can include showers, changing rooms, or specially designated areas for removing and disposing of contaminated clothing.
4. Training and awareness: Provide comprehensive training to workers on the risks associated with hazardous substances and the importance of preventing their spread. Workers should be educated on the proper use of PPE, decontamination procedures, and the significance of following established boundaries. Regular reminders and refreshers on safety protocols can help maintain awareness.
5. Monitoring and supervision: Implement monitoring and supervision systems to ensure compliance with established safety measures. Regular inspections, audits, and supervision can help identify any breaches in protocols and allow for corrective actions to be taken promptly.
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Why do corporate sponsors pay athletes and entertainers to use their products?
Answers
Answer:
It increases brand visibility, recognition, and associates it with someone successful and popular.
Explanation:
If athletes could use performance-enhancing drugs then one athlete could have an unfair advantage over another, making he/she more marketable.
which process id''s factors that could dmg or disclose data, evaluate those factors considering data value and countermeasure cost, and implements a cost effective solution
Answers
Risk management is the process id''s factors that could dmg or disclose data, evaluate those factors considering data value and countermeasure cost, and implements a cost effective solution.
What is Risk management?In order to reduce, monitor, and control the likelihood or effect of unpleasant occurrences or to optimise the realisation of possibilities, risk management involves the identification, appraisal, and prioritising of risks. This is followed by the coordinated and efficient use of resources.Identification, assessment, and control of financial, legal, strategic, and security threats to the assets and profits of an organisation constitute the process of risk management.The risk register is a tactical instrument for project risk management. It is effective to collect information on the risks the team anticipates and then determine how to handle pro-actively if they do occur throughout the project.To learn more about Risk management refer to:
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Does QuickBooks Online Plus provides project profitability tracking?
Answers
Track the financial success of your project using QuickBooks Online projects.
Which version of QuickBooks Online offers profitability tracking?Track the financial success of your project using QuickBooks Online projects .From a single dashboard, you can add project income, expenses, and labor expenses, add previous transactions to new projects, and run project-specific reports.
Accountant and QuickBooks Online Plus are the only two products that support projects. With the additional ability to handle inventory and track profitability by project, QuickBooks Online Plus offers you the features of Simple Start and Essentials.
In addition to a few additional features with increased operation, QuickBooks Online Advanced has all the capabilities of QuickBooks Online Plus.You'll probably need to upgrade to Advanced as your firm develops.In contrast to Plus, which has a maximum user capacity of just 5, it supports up to 25 users.
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in a perpetual inventory system, cost of goods sold is recorded
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Answer:
In a perpetual inventory system, the cost of goods is recorded at the time of sale.
Select the correct answer.
Why do some critics feel that the IMF should not act to influence exchange rates under some conditions?
A.
They believe that wild swings in currency exchange rates are healthy.
B.
They believe that currencies must find their own market levels.
C.
They fear that the IMF may take over the country’s economy.
D.
They fear that politicians may be using the IMF to cover up their actions.
Answers
Answer:
Explanation:
They believe that currencies must find their own market levels.
When a country that imports a particular good imposes an import quota on that good,
A. consumer surplus increases and total surplus increases in the market for that good.
B. domestic sellers and domestic buyers become worse off.
C. the domestic quantity supplied decreases.
D. consumer surplus decreases and total surplus decreases in the market for that good.
Answers
When a country that imports a particular good imposes an import quota on that good consumer surplus decreases and total surplus decreases in the market for that good.
The consumer surplus is the term which is used to measure of consumer welfare and is defined as the excess of social valuation of the products and services over the price actually paid.
The consumer surplus while taking into consideration the demand and supply curves. It is measured by the area of triangle below the demand curve and above is the observed price.
The country that imports a particular good imposes an import quota on that good by the consumer surplus decreases and total surplus decreases in the market for that good.
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Which of the following is a reason human resources might keep a skill inventory of employees?
A. To aid in turnover management
B. To reduce redundancy in available positions
C. To reduce the need for performance appraisals
D. To manage employee relations problems
Answers
Keeping a skill inventory of employees allows human resources to have a clear understanding of the skills and capabilities of the workforce within an organization. The correct answer is B. To reduce redundancy in available positions.
By maintaining a record of employees' skills, qualifications, and expertise, HR can identify areas of redundancy or overlap in available positions. This helps in optimizing the utilization of human resources and avoiding unnecessary duplication of skills across different roles or departments.
A. To aid in turnover management: While a skill inventory can provide information about employees' skills during turnover management, it is not the primary reason for maintaining a skill inventory.
C. To reduce the need for performance appraisals: A skill inventory does not directly reduce the need for performance appraisals. Performance appraisals are essential for evaluating employees' performance, providing feedback, and identifying areas for improvement.
D. To manage employee relations problems: Employee relations problems are generally addressed through appropriate HR policies, procedures, and conflict resolution mechanisms. While a skill inventory can assist in identifying specific skills and expertise within the workforce, it is not primarily used for managing employee relations problems.
Therefore, the most relevant reason for HR to keep a skill inventory of employees is to reduce redundancy in available positions.
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A pharmacy such as the Medicine Shoppe that pays a fee to use the established trade name is called a(n):Sole proprietorshipFranchiseChain pharmacyIndependent pharmacy
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A pharmacy such as the Medicine Shoppe that pays a fee to use the established trade name is called a Franchise.
In the case of a pharmacy like the Medicine Shoppe, the franchisor, which is the Medicine Shoppe International Inc., grants the franchisee the right to use the "Medicine Shoppe" brand name, which is an established and recognized name in the pharmacy industry.
The franchisee pays a fee, typically in the form of an initial franchise fee and ongoing royalties or fees, for the right to use the brand name and access the franchisor's business system, which may include standardized operating procedures, marketing materials, and training programs.
There are several advantages and disadvantages to operating a pharmacy as a franchise:
Advantages of Pharmacy Franchising:
Established Brand Name: Franchising allows the franchisee to benefit from an established brand name, which may already have a positive reputation and recognition among consumers. This can potentially result in increased customer trust and loyalty.
Business Support: Franchise systems often provide comprehensive training and ongoing support to franchisees, including assistance with site selection, store setup, inventory management, marketing, and operational guidance. This can be beneficial, especially for individuals with limited business experience.
Standardized Business System: Franchise systems typically have standardized business systems and operating procedures, which can help ensure consistency and efficiency across multiple locations. This can result in streamlined operations and improved profitability.
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Consumers tend to purchase a good at a lower than at a higher price. Why (state any assumptions made)? Do consumers always behave this way? Explain your response.
Answers
According to the law of demand, the price of a good is negatively related to the quantity demanded all other things remaining equal.
Consumers do not always buy good at a lower price than at a higher price.
What is the law of demand?According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded.
Consumers do not always buy goods at a lower price than a higher price. For example, for luxury goods, consumers would prefer to buy it at a higher price than at a lower price. This is because luxury goods are used to show wealth. If the price of a good that is considered to be used solely be wealthy people declines, some rich people would not want to purchase the goods again because it is now affordable by the masses.
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use the ws and ps relations to examine the effects of the following events on the natural rate of unemployment and the real wage. be sure to explain the effects of the event on the ws and ps relations. a. a new u.s. trade policy with the hope to protect american workers decreases international trade and makes product markets less competitive in the u.s. b. a new law that bans the formation of labor unions has been passed.
Answers
a. A new U.S. trade policy that decreases international trade and makes product markets less competitive is likely to decrease the natural rate of unemployment and the real wage.
b. A new law banning labor unions is likely to decrease the natural rate of unemployment and the real wage.
a. A new U.S. trade policy that reduces international trade and weakens product market competitiveness is expected to decrease the natural rate of unemployment and the real wage. With decreased international trade, domestic industries may face less competition from foreign firms, resulting in reduced job opportunities. This decrease in employment opportunities will lead to a higher unemployment rate, pushing the natural rate of unemployment higher. Additionally, with less competition, firms may have less incentive to increase wages, leading to a decrease in the real wage.
b. A new law banning the formation of labor unions is likely to decrease the natural rate of unemployment and the real wage. Labor unions play a crucial role in negotiating better wages and working conditions for workers. Without the presence of labor unions, workers may have less bargaining power, making it harder for them to negotiate higher wages. As a result, the real wage is expected to decrease. Additionally, with weakened worker protections, employers may have more flexibility in hiring and firing decisions, potentially leading to higher levels of unemployment and an increase in the natural rate of unemployment.
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You are looking at a sales report from last month. You notice one metric is much lower than expected, so you click on that metric to get more details from last month. Being able to get additional information on the underlying details of a value is an example of using the ______ _______ feature of the sales report dashboard.
Answers
Being able to get additional information on the underlying details of a value is an example of using the drill-down feature of the sales report dashboard.
Drilldown: What is it?Business intelligence has two incredibly powerful features: drill down and drill through analysis. Although they do so in various ways, they both allow the user to view data and information in greater detail. By using the drill-down feature, the user can quickly switch from a more broad view of the data to a more focused one.
For instance, a drill-down report that displays sales revenue by state may allow the user to click on a state, select it, and view sales revenue by county or city inside that state. Drill down is a feature that enables users to delve deeper into more focused layers of the data or information being analyzed, hence the name.
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The fundamental difference between quotas and import licenses as a means of controlling imports is that?
Answers
The fundamental difference between quotas and import licenses as a means of controlling imports is that quotas restrict the quantity of imported goods allowed into a country, while import licenses regulate who is allowed to import goods.
Quotas are limits set on the quantity of imported goods that can enter a country. They can be imposed by the government to protect domestic industries, manage trade deficits, or for other economic reasons. Quotas typically specify the maximum amount of a particular product that can be imported within a certain time period. Once the quota is reached, no more imports of that product are allowed.
On the other hand, import licenses are permits granted by the government to specific individuals or businesses to import goods. These licenses control who is authorized to bring in goods and can be used to regulate imports based on factors such as quality standards, safety requirements, or adherence to certain regulations. Import licenses provide a way for the government to monitor and regulate imports on a case-by-case basis.
In summary, quotas restrict the quantity of imports, while import licenses control who can import goods. Quotas set limits on the overall quantity of goods, while import licenses determine who can engage in the importation process.
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Question 5 of 10
Which of the following is an internal factor?
A. Employee turnover
B. Economic recession
C. Employment laws
D. Interest rates
Answers
Answer:
A. Employee turnover
Explanation:
Internal factors refer to the things that are within the organization's control. They are issues or factors unique to a particular organization. Internal factor contrasts with external factors which refer to issues that affect the whole industry and therefore beyond the control of any single organization.
Employee turnover refers to the rate at which employees leave the company, either voluntary or involuntary. Each organization will have a unique employee turnover rate. Employee turnover is, to a large extent, within the organization's control.
3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
a) how many pairs of sunglasses (in thousands) should be sold to maximize profits? (if necessary, round your answer to three decimal places.)
Answers
100(in thousands) pairs of sunglasses should be sold to maximize profits.
Profit maximization in economics refers to the short- or long-term process through which a firm chooses the prices, input levels, and output levels that will produce the largest feasible total profit.
The profit function is given as \(P_{q} = -0.02q^{2} + 4q -20\)
where q is the quantity of sunglass production and sales in thousands of pairs. P(q) represents the total profit in dollars.
By differentiating the above equation and equating it to zero, the point of maximum can be found.
P'(q) = - (2)0.02q + 4 - 0 = 0
⇒ - 0.04q + 4 = 0
⇒ - 0.04q = - 4
⇒ q = 100
Hence, to optimum income, 100 pairs of sunglasses (in thousands) should be sold.
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If a firm aims at effectiveness rather than efficiency, it is recommended for the firm to try to exploit all available resources. (2 points)
(1) True
(2) False
(3) We cannot know because (
Answers
(2) False. Effectiveness and efficiency are two different concepts in business.
Effectiveness refers to the ability of a firm to achieve its goals and objectives, while efficiency refers to the ability to minimize resources used to achieve those goals. It is not always necessary or recommended for a firm to try to exploit all available resources if its aim is effectiveness. In some cases, focusing on specific resources or capabilities that align with the firm's strategy and competitive advantage can lead to greater effectiveness. By allocating resources strategically and utilizing them efficiently, a firm can achieve its goals more effectively than by attempting to exploit all available resources indiscriminately.
Efficiency involves optimizing resource allocation and minimizing waste, which may require trade-offs and selective resource utilization. It is about doing things in the most productive and cost-effective way. However, effectiveness is about achieving the desired outcomes and meeting customer needs. It is possible to be efficient but not effective if the resources are not aligned with the firm's objectives or if they are not utilized in a way that creates value for customers.
Therefore, instead of trying to exploit all available resources, firms should focus on identifying and leveraging the key resources and capabilities that are essential for achieving their strategic goals. By doing so, they can enhance their effectiveness and achieve sustainable competitive advantage.
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Explain what it means to diversify across investments ?
Answers
Answer:
true
Explanation:
diversification isna technique that reduces risk by allocating investment across various financial instrument across various fiancial instrument industries and other categories . it aims to maximize returns by investing in different areas that would each react differently to the same event
Why use a credit union rather than a bank?
Answers
Credit unions should be used rather than a bank because credit unions return its profits to their members in the form of cheaper fees, higher savings rates, and lower interest rates on loans.
According to the Credit Union National Association, 130 million Americans are members of credit unions, which are not-for-profit organizations that are owned by their members.
Banks are required to turn a profit for their shareholders, while credit unions are not required to do the same for their members. Instead, they want to charge as little as possible, have the highest possible savings rates, and the lowest possible lending interest rates.
Credit unions are required to keep their membership to a certain "field of membership." This can refer to a place of employment, a school or house of worship, a region, or membership in an association.
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The SmartArt icon will allow you to include which of the following on a slide?
Answers
I think the answer is Graphs, I hope this helps
Consider the statement: "In both the short run and in the long run, the typical firm in monopolistic competition and a monopolist each make a profit."
1. Is the statement correct with respect to the short run; why or why not?
A. Both a monopolistic competitor and a monopolist will earn positive profits in the short run.
B. A monopolist may or may not earn positive profits in the short run, whereas a monopolistic competitor will earn positive profits in the short run.
C. A monopolist will not earn positive profits in the short run, whereas a monopolistic competitor will earn positive profits in the short run.
D. A monopolist will earn positive profits in the short run, whereas a monopolistic competitor may or may not earn positive profits in the short run.
E. A monopolist will earn positive profits in the short run, whereas a monopolistic competitor will not earn positive profits in the short run.
Answers
"A monopolist will not earn positive profits in the short run, whereas a monopolistic competitor will earn positive profits in the short run." Is the statement correct with respect to the short run. The correct option is c.
Because it has some level of market control and can raise prices above their average cost a monopolistic competitor can make positive profits in the short term. Nevertheless a monopolist with total market control can set its price to maximize profits even though high costs may prevent it from doing so in the short term.
It's crucial to understand that this assertion only applies to the short run and makes no predictions about the long run. Both a monopolistic rival and a monopolist may eventually be subject to entry and competition which could reduce their profits. The correct option is C.
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