Discuss the various system for internal administration for financial organisation.
The various system for the internal administration of financial organizations includes accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
Internal administration systems for financial organizations are systems that oversee the internal functioning of the financial organizations and their staff. They enable businesses to establish and follow specific procedures that ensure their operations are stable, transparent, and responsible.
Here are some of the various systems for internal administration for financial organizations:
1. Accounting systems: Accounting systems are essential to ensure the accuracy of financial transactions and the reliability of financial statements. The accounting system should provide information about the current financial status of the organization and account for all income and expenses.
2. Budgeting systems: Financial organizations use budgeting systems to allocate resources and plan expenditures. This system can be used to control the financial performance of a department, project, or organization.
3. Internal controls: Internal controls are the procedures, policies, and activities that help an organization to maintain the integrity of its operations and prevent fraud. The effectiveness of these controls depends on how well they are implemented.
4. Performance management systems: Performance management systems are used to ensure that the goals of an organization are achieved. This system can be used to monitor and evaluate employee performance, provide feedback, and manage employee development.
5. Risk management systems: Risk management systems help financial organizations to identify and manage risks. They can be used to assess the risk associated with various activities and develop strategies to mitigate those risks.
6. Compliance management systems: Compliance management systems help financial organizations ensure that they are following all relevant regulations and laws. They can be used to monitor compliance with internal policies and procedures as well as external regulations.
In conclusion, internal administration systems for financial organizations are essential for ensuring the stability and transparency of financial operations. These systems include accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
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A transportation app developer knows that the commute times for a specific route follow an approximately normal distribution with a mean of 30 minutes and a standard deviation of 6 minutes. Using the norm.dist() function in excel, the developer has calculated the following probabilities for specific commute times. Probability Calculations P (Commute < 16.04) = 0.01 P (Commute < 20) = 0.048 P (Commute < 20.13) = 0.05 P (Commute < 25) = 0.202 P (Commute < 35) = 0.798 P (Commute < 39.87) = 0.95 P (Commute < 40) = 0.952 P (Commute < 43.96) = 0.99 9. What is the probability that a commute is between 25 and 40 minutes? 10. Name the two values (don’t round), equidistant from the mean of 30 minutes, such that 90% of all commute times are between these values?
9. Probability (between 25 and 40 minutes) = 0.75.
10. Two values are 18.3 minutes (lower value), and 41.7 minutes (upper value)
For the probability that a commute is between 25 and 40 minutes, calculate the difference between the cumulative probabilities of the upper and lower bounds.
P(25 < Commute < 40) = P(Commute < 40) - P(Commute < 25)
Using the given probability values:
P(25 < Commute < 40) = 0.952 - 0.202
P(25 < Commute < 40) = 0.75
Therefore, the probability that a commute is between 25 and 40 minutes is 0.75.
10. To find the two values equidistant from the mean of 30 minutes such that 90% of all commute times are between these values, calculate the corresponding z-scores.
Since the data follows an approximately normal distribution, use the z-score formula:
z = (x - μ) / σ
Where:
z is the z-score
x is the value
μ is the mean
σ is the standard deviation
To find the z-scores corresponding to the cumulative probabilities, use the norm.inv() function in Excel.
The z-score for the lower value, which corresponds to the 5th percentile (0.05 cumulative probability), is given by:
z1 = norm.inv(0.05, 0, 1)
The z-score for the upper value, which corresponds to the 95th percentile (0.95 cumulative probability), is given by:
z2 = norm.inv(0.95, 0, 1)
Now, find the corresponding commute times by rearranging the z-score formula:
x = z * σ + μ
Using the given mean (μ = 30) and standard deviation (σ = 6):
For the lower value:
x1 = z1 * σ + μ
For the upper value:
x2 = z2 * σ + μ
Calculating the values:
For the lower value:
x1 = norm.inv(0.05, 30, 6) ≈ 18.3 minutes
For the upper value:
x2 = norm.inv(0.95, 30, 6) ≈ 41.7 minutes
Therefore, the two values (without rounding) equidistant from the mean such that 90% of all commute times are between them are 18.3 minutes & 41.7 minutes
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Nabal worked for Abigalco on the second floor, in accounting. One day he sneaked onto the 15th floor at Abigailco headquarters, the research and development floor. He was not supposed to have access to this area any more than a non-employee would. He went up the elevator to the 15th floor and sneaked into the offices there when the receptionist was distracted. Nabal found a top secret device in a room that Abigailco engineers were working on, stuck it in his backpack, and quickly headed out down the stairs. Nabal then sold the device to a competitor of Abigailco for $100,000. Which of the following is true of this scenario?
a. Nabal has committed embezzlement.
b. Nabal has committed fraudulent misrepresentation
c. Nabal has committed robbery.
d. Nabal has committed larceny.
Answer:
c
Explanation:
Robbery is the act of taking something that does not belong to you unlawfully, using either threat or force. Nabal took the top secret device that did not belong to him unlawfully - without the permission of the engineers. He therefore committed robbery
Embezzlement is stealing or misappropriating funds
Larcerny is setting a place on fire
The diameter of a brand of tennis balls is approximately normally distributed, with a mean of 2.56
inches and a standard deviation of 0.04
inch. A random sample of 11
tennis balls is selected. Complete parts (a) through (d) below.
Answer:
sample mean = 2.63 inches
sample standard deviation = \frac{standard \hspace{0.15cm} deviation}{\sqrt{n} } = \frac{0.03}{\sqrt{9} } = \frac{0.03}{3} = 0.01
n
standarddeviation
=
9
0.03
=
3
0.03
=0.01
b) P(X < 2.61) = 0.0228
c.) P(2.62 < X < 2.64) = 0.6827
d.) Therefore 0.06 = P(2.6292 < X < 2.6307)
Step-by-step explanation:
i) the diameter of a brand of tennis balls is approximately normally distributed.
ii) mean = 2.63 inches
iii) standard deviation = 0.03 inches
iv) random sample of 9 tennis balls
v) sample mean = 2.63 inches
vi) sample standard deviation = \frac{standard \hspace{0.15cm} deviation}{\sqrt{n} } = \frac{0.03}{\sqrt{9} } = \frac{0.03}{3} = 0.01
n
standarddeviation
=
9
0.03
=
3
0.03
=0.01
vii) the sample mean is less than 2.61 inches = P(X < 2.61) = 0.0228
viii)the probability that the sample mean is between 2.62 and 2.64 inches
P(2.62 < X < 2.64) = 0.6827
ix) The probability is 6-% that the sample mean will be between what two values symmetrically distributed around the population measure
Therefore 0.06 = P(2.6292 < X < 2.6307)
The sale of a substantial part of the materials, supplies, merchandise, equipment, or other inventory of an enterprise that is NOT in the ordinary course of business, is known as a : ________
A Bulk Transfer of Goods is the sale of a substantial part of an enterprise that is not in the ordinary course of business,
What is a Bulk Transfer of Goods?A bulk transfer or sale refers to an arrangement whereby a business sells all or nearly all of its inventory to a single buyer and such a sale is not part of the ordinary course of business.
Hence, it is the sale of a substantial part of an enterprise that is not in the ordinary course of business,
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You are planning to save for retirement over the next 25 years. To do this, you will invest $820 per month in a stock account and $420 per month in a bond account. The return of the stock account is expected to be 10.2 percent, and the bond account will pay 6.2 percent. When you retire, you will combine your money into an account with a return of 7.2 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period
Answer:
$10,460
Explanation:
You will contribute 25 x 12 = 300 monthly payments to your savings accounts. In order to determine their future value, we must first determine the effective interest rates:
stock account = 1.102 = (1 + r)¹²
¹²√1.102 = ¹²√(1 + r)¹²1.008127 = 1 + rr = 0.008127 = 0.81% monthly ratebond account = 1.102 = (1 + r)¹²
¹²√1.062 = ¹²√(1 + r)¹²1.0050 = 1 + rr = 0.005 = 0.5% monthly rateIn 25 years, you will have:
stock account = $820 x 1,265.21433 (PV annuity factor, 0.81%, 300 periods) = $1,037,475.75bond account = $420 x 692.99396 (PV annuity factor, 0.5%, 300 periods) = $291,057.46total = $1,328,533.21using the payout annuity formula:
P₀ = [d (1 - (1 + r/x)⁻ⁿˣ)] / (r/x)
P₀ = $1,328,533.21d = monthly withdrawal = ? r = annual interest rate = 0.072 x = number of compounding periods = 12n = number of years = 20$1,328,533.21 = [d (1 - (1 + 0.072/12)⁻²⁴⁰)] / (0.072/12)
$7,971.20 = d (1 - 0.23795)
$7,971.20 = d (0.762)
d = $7,971.20 / 0.762 = $10,460
A disruption of a retail sales associate
A disruption of a retail sales associate refers to an interruption or disturbance in the normal functioning or activities of a sales associate in a retail setting.
This disruption can arise from various factors and can have both short-term and long-term effects on the individual sales associate, the retail store, and the overall customer experience. Here are some examples and potential impacts of a disruption of a retail sales associate:
1. Employee Absence: If a sales associate is absent due to illness, personal reasons, or other unforeseen circumstances, it can disrupt the staffing levels and create a gap in customer service. This can result in reduced sales, longer wait times for customers, and potential dissatisfaction among shoppers.
2. Inadequate Staffing: Insufficient staffing levels, either due to a lack of available sales associates or poor workforce planning, can lead to increased workload for existing employees. This can result in burnout, decreased productivity, and compromised customer service.
3. Lack of Product Knowledge: If a retail sales associate lacks adequate product knowledge or training, it can hinder their ability to effectively assist customers, answer questions, and provide recommendations. This can lead to missed sales opportunities, customer frustration, and a negative perception of the store.
4. Employee Turnover: High employee turnover can disrupt the continuity and consistency of customer service. Constantly having new and inexperienced sales associates can result in a lack of familiarity with products, store policies, and customer preferences, impacting the overall shopping experience and customer loyalty.
5. Conflict or Misconduct: Disruptions can also arise from interpersonal conflicts or instances of employee misconduct. This can create a tense or uncomfortable environment for both sales associates and customers, leading to decreased employee morale and potential damage to the store's reputation.
6. Technology Failures: If the retail store relies heavily on technology systems such as point-of-sale (POS) systems, inventory management software, or customer relationship management (CRM) tools, any disruption or malfunction can significantly impact sales and customer service. Sales associates may struggle to process transactions, access product information, or provide accurate inventory details.
To mitigate the impact of these disruptions, retail stores should focus on proper workforce planning, training, and ongoing support for sales associates. Implementing effective employee retention strategies, providing comprehensive product training, fostering a positive work environment, and ensuring robust technology infrastructure can help minimize disruptions and enhance the overall customer experience in retail settings.
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The independent cases are listed below includes all balance sheet accounts related to operating activities:
Case A Case B Case C
Net income $ 303,000 $ 11,500 $ 413,000
Depreciation expense 33,000 143,000 73,000
Accounts receivable increase (decrease) 86,000 (193,000) (13,000)
Inventory increase (decrease) (43,000) 28,000 43,000
Accounts payable increase (decrease) (43,000) 113,000 63,000
Accrued liabilities increase (decrease) 53,000 (213,000) (33,000)
Required:
1. Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with minus sign.)
Case A Case B Case C
Net Income
Adjustments to Reconcile Net income to Net Cash Provided by Operating Activities
Depreciation
Changes in Assets and Liabilities
Accounts Receivable
Inventory
Accounts Payable
Accrued Liabilities
Net Cash Provided by Operating Activities
Answer:
Explanation:
Cash flow from operating activities:
Case A Case B Case C
Net Income 3,03,000 11,500 4,13,000
Depreciation Expense 33,000 1,43,000 73,000
Accounts Receivable increase(decrease) -86,000 1,93,000 13,000
Inventory increase(decrease) 43,000 -28,000 -43,000
Accounts Payable increase(decrease) -43,000 1,13,000 63,000
Accrued Liabilities increase(decrease) 53,000 -2,13,000 -33,000
Net Cash provided by Operating activities 3,03,000 2,19,500 4,86,000
Answer:
See answer and explanation below.
Explanation:
Details Case A ($) Case B ($) Case C ($)
Net income 303,000 11,500 413,000
Depreciation expense 33,000 143,000 73,000
Changes in Assets and Liab.:
Accounts receivable (86,000) 193,000 13,000
Inventory 43,000 (28,000) (43,000)
Accounts payable (43,000) 113,000 63,000
Accrued liabilities 53,000 (213,000) (33,000)
Net Cash from Operating Act. 303,000 219,500 486,000
Competitive markets generally give consumers and producers correct incentives when
A competitive market incentivizes its consumers and producers when the property rights are well-defined and enforced.
What is a competitive market?A competitive market is referred to as a condition wherein there are a large number of buyers and sellers in a market dealing in the buy and sell of a distinctive product.
Hence, option B holds true regarding a competitive market. The complete question has been attached as an image for better reference.
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Indicate whether each of the following activities would be reported on the statement of cash flows as (a) an operating activity, (b) an investing activity, or (c) a financing activity:
1. Cash received by issuing common stock.
2. Cash received for fees earned from customers.
3. Cash paid for land and building.
4. Cash paid for dividends.
The classification of the above will be as follows:
1. Cash received by issuing common stock - Financing activity.2. Cash received for fees earned from customers. - Operating activity. 3. Cash paid for land and building. - Investing activity. 4. Cash paid for dividends. - Financing activity.Sections in the Statement of Cash FlowsFinancing activities relate to raising capital for the business. They will therefore include equity and dividends.
Operating activities relate to those that have to do with the business's daily business activities. Fees from customers are revenue and so will go here.
Investing activities relate to fixed assets and securities issued by other companies.
In conclusion, the cash statement allows for cash transactions to be classified in several ways.
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What are the four main functions of business?
Answer:
have great day UwU!!!!!!
Answer:
Planning, Organizing, Leading, amd Controlling
What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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The negative impact of HIV/AIDS in the workplace
HIV/AIDS has a significant negative impact on the workplace in several ways. Firstly, the illness can lead to absenteeism and decreased productivity as employees take time off work to receive treatment and care for their condition.
This can be particularly damaging in industries where staffing levels are critical, such as healthcare or emergency services. Additionally, the stigma associated with HIV/AIDS can result in discrimination against affected employees, which can lead to further absenteeism and decreased productivity. This discrimination can also result in the loss of skilled employees who are forced to leave their jobs due to discrimination.
Furthermore, the cost of providing medical and disability benefits to affected employees can be high, leading to financial strain on companies. This can also lead to increased healthcare costs and insurance premiums for other employees. Finally, the negative impact of HIV/AIDS on workplace morale and relationships cannot be overlooked.
Fear, misunderstanding, and discrimination can lead to a toxic workplace environment, which can impact the mental health and well-being of all employees. It is important for employers to prioritize education, prevention, and support for affected employees in order to mitigate the negative impact of HIV/AIDS in the workplace.
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What is the principle portion of the 200th payment of a fully amortizing $250,000, 30-yeqr fixed loan with an interest rate of 4.825 percent?
What is the total monthly interest and principle payments through month 100?
The exact amortisation plan would determine the principal component of the 200th payment of a fully amortising $250,000, 30-year fixed loan with an interest rate of 4.825 percent.
What does a 5-year term with a 25-year amortisation mean?A loan can have a five-year term, but the payments might follow a 25-year amortisation schedule. This has the advantage of lowering the monthly payment for the borrower to reduce cash expenditure, but it also results in a "balloon payment" at the end of the period.
How is the principle payment on an amortised loan determined each period?Take the total loan amount and multiply it by the interest rate starting in month one loan. Then, divide the result by 12 to obtain the monthly interest for a loan with monthly installments. The amount that is applied to the principal is determined by deducting the interest from the total monthly payment.
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Online retailers lose approximately 25% of their customers every year. Unfortunately, due to the highly competitive camping gear marketplace, Camp Plus loses approximately 35% of its customers every year to its competition, giving it a retention rate of only 65%. Using a discount rate of 10%, you calculate a CLV for each of the 10,000 customers in Camp Plus's database.
Answer:
CLV = [(GC * r) / (1 + i - r)] - AC]
Explanation:
CLV is the customer lifetime value which is the calculation of net profit during the tenure of relationship with the clients and customers.
The formula for CLV calculation is :
CLV = [(GC * r) / (1 + i - r)] - AC]
Where,
GC is annual gross contribution,
r is retention rate of customers
i is discount rate
AC is Acquisition cost
In what way do banks drive the United States economy?
A.)They provide loans that allow families and businesses to invest for the future.
B.)Their success or failure affects the availability of money.
C.)They set interest rates and payment policies.
D.)They determine who can invest in businesses.
Answer:
A.)They provide loans that allow families and businesses to invest for the future.
Explanation:
Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year. What is the margin for the year
The margin for the year is 30% for Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year.
What is margin?
To calculate the margin, we can use the formula:
Margin = Net Income / Sales
First, we need to find the net income, which is calculated as:
Net Income = ROI x Total Assets
Total Assets = Sales / Turnover
Net Income = ROI x (Sales / Turnover)
Net Income = 0.09 x (4,000,000 / 3.0)
Net Income = $1,200,000
Now we can calculate the margin:
Margin = Net Income / Sales
Margin = $1,200,000 / $4,000,000
Margin = 0.30 or 30%
Therefore, the margin for the year is 30%.
What are the assets?
An asset is a resource that is owned or controlled by an individual, company, or organization that has economic value and is expected to generate future benefits. Assets can be both tangible and intangible. Tangible assets are physical objects that can be seen and touched, such as buildings, equipment, inventory, and cash. Intangible assets, on the other hand, are non-physical items that do not have a physical presence but still have value, such as intellectual property, brand names, patents, trademarks, and copyrights.
Assets are recorded on a company's balance sheet and are typically classified as current assets, such as cash or inventory that can be converted to cash within one year, or long-term assets, such as buildings or equipment that will provide future economic benefits over a period of several years.
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Zion’s uncle, a project manager, who works for a variety of companies managing people and projects that have specific deadlines, could best be described as a(n)
Zion's uncle, who works as a project manager for a variety of companies managing people and projects with specific deadlines, could best be described as a "contract project manager" or a "freelance project manager."
As a contract project manager, Zion's uncle operates on a project-by-project basis, providing his project management expertise to different companies or clients. He is hired for a specific duration or scope of work and is responsible for overseeing the planning, execution, and successful completion of projects within the given deadlines.
Being a contract project manager allows Zion's uncle to work with different companies, industries, and project types, providing flexibility and exposure to various challenges and opportunities. He is likely skilled in project management methodologies, communication, coordination, and leadership, enabling him to effectively manage teams and deliver projects on time.
The nature of his work, involving specific deadlines and managing people across different projects, suggests that he operates in a dynamic and results-oriented environment, where meeting project milestones and achieving deliverables within set timeframes are critical.
Overall, Zion's uncle's role as a project manager who works on multiple projects with specific deadlines aligns with the description of a contract or freelance project manager.
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in partnership businesses.if one partner withdraws part of his salary. How to record it in appropriation account and Current account.??Accounts
Answer:
it can be to be and so
Explanation:
WHOEVER ANSWERS NOW I WILL GIVE BRANLIEST!!! And more!! HURRY
Supply and Demand Activity: Student will research consumer demand for a high tech product (smart phone, tablet, etc.) and graph annual sales volume against average price. He/She will explain in the graph’s caption the reason for the price-volume relationship and present findings.
The Title of my Supply and Demand Activity is : Relationship between Annual Sales Volume and Average Price of Smartphones
The Findings are that there was :
Inverse RelationshipPrice ElasticityMarket PenetrationTechnological AdvancementWhat is the Supply and Demand?Graph shows annual sales volume and average price of smartphones over a period, with years on the x-axis and sales and price on the y-axis. The data shows annual sales volume at different prices, with a trend line.
Findings: Inverse relationship between sales volume and price. As prices rise, sales drop; and vice versa. This shows that buyers consider cost when choosing tech items, such as smartphones. Smartphones have price elasticity, meaning consumers will buy more when prices are low and less when prices are high.
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Which of the following is considered the more industrial form of fishing?
A: Grouping
B: Netting
C: Gathering
Answer:
B
Explanation:
I hear netting a lot when people talk about fishing. I don't hear the other two when talking about fishing.
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Think of a business professional you admire. Using an example of a time when this person displayed integrity in a difficult situation, discuss how their business actions demonstrated their values.
Answer:
A business professional that I think of is a family friend is the majority owner of an Architectural Millwork company and a time when they showed great integrity in a difficult situation was when a former employee was suing them for unemployment. They conducted themselves with total maturity and professionalism and they were completely honest the entire time. These business actions demonstrated that honesty is a key value for them in running their company and dealing with legality issues. This is a time when a business professional showed integrity during a difficult in their companies timeline.
Explanation:
Answer:
Amira, a sales rep for a software company, was asked by a potential customer whether the company’s technology could perform a specific function critical to his business needs. Amira wasn’t certain the software could handle his needs, so she told him she would need to get back to him. Rather than provide potential misinformation just to make the sale, Amira checked with the development team first. After determining the product could perform the requested function, she let her customer know. Not only did Amira earn the sale, but she earned trust and respect from her client, too.
Explanation:
In a workplace setting, acting with integrity often means demonstrating your core values in all efforts. Here are a few behaviors that show integrity:
Being dependable and following through on commitments
Being open and honest when communicating with others
Holding yourself accountable and owning up to your shortcomings
It’s important that employees exercise integrity regardless of their department or career level. Integrity is critical, however, in leadership positions where people have the opportunity to set examples for others. By incorporating strong values into your behavior, you can help encourage other employees to do the same.
How to display integrity in the workplace
Whether you’re working in a small business or a large corporation, your commitment to integrity will impact the workplace. Acting with integrity not only helps show employers you are capable of handling responsibilities that can advance your career, but it also helps foster a positive company culture.
Actions to demonstrate integrity and impact your workplace
1. Show up ready to work
2. Set a positive example
3. Be respectful during the conflict
4. Practice accountability
5. Follow and enforce company policies
6. Improve your work ethic
7. Respect property
Describe what a goal of measurement is in research. Give an example.
The goal of measurement in research is fundamental to the sciences, engineering, construction, and other technical fields, and to almost all everyday activities.
The process of mapping and determining the quality, capacity, and dimension of the empirical observations recorded and obtained during the research is known as measurement. A researcher uses measurement to analyse the data quantitatively and come to a reliable and consistent conclusion. The ultimate objective of measuring in research is to guarantee the greatest level of output with the smallest possible likelihood of data mistakes. The act of measuring involves keeping track of the observations made as part of a research project. Something that is regularly measured is said to have an objective measurement. Taking into account, for instance, how successfully a person can do a specific amount of activities in a regulated setting.
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NeXL
Question 42
Using market segmentation, consumers can be divided into groups based on five different categories. Name them.
Answer:
tweedle dee and tweedle
Explanation:
freddy and bart
Label the scenarios as examples of elastic, inelastic, or unit elastic demand.
When Ruko, a device used to stream movies at home, increases prices by 39 %, total revenue decreases by 57 %.
When Cinema Supreme increases ticket prices by 26 %, total revenue does not change.
When Bluebox, a DVD rental kiosk, increases its prices by 47 %, total revenue increases by 34 %.
EAnswer:
Elastic demand
Unit elastic demand
Inelastic demand
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price leads to little or no change in the quantity demand. If the absolute value of elasticity of demand is less than 1, demand is inelastic
Demand is unit elastic if a change in price leads to the same proportional change in quantity demand. The absolute value of unit elasticity is equal to one.
1. 57/39 = 1.46
Because the absolute value of elasticity is greater than 1, demand is inelastic.
2. When prices were increased, there was no change in revenue, it means that demand is unit elastic
3. 34/47 = 0.72
Because the elasticity of demand is less than one, demand is inelastic
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Commerce Corporation has a high probability of operating at 40,000 activity hours during the upcoming period, and lower probabilities of operating at 30,000 hours and 50,000 hours. The company's flexible budget revealed the following: 30,000 Hours 40,000 Hours 50,000 Hours Variable costs $ 135,000 $ 180,000 $ 225,000 Fixed costs 720,000 720,000 720,000 If Commerce operated at 35,000 hours, its total budgeted cost would be: Multiple Choice $810,000. $997,500. $787,500. $945,000. $877,500.
Answer:
Total cost= $877,500
Explanation:
First, we need to calculate the unitary variable cost:
Unitary variable cost= 135,000 / 30,000= $4.5
Unitary variable cost= 180,000 / 40,000= $4.5
Unitary variable cost= 225,000 / 50,000= $4.5
Now, the total cost for 35,000 hours:
Total cost= Unitary variable cost*total number of hours + fixed costs
Total cost= 4.5*35,000 + 720,000
Total cost= $877,500
Shelly manages a jewelry store that offers a range of different designs to customers. She recently received new inventory of some expensive merchandise that she wants to display in her store. Where should Shelly place this inventory so that customers can easily see the designs?
If She recently received new inventory of some expensive merchandise that she wants to display in her store. Where Shelly should place this inventory so that customers can easily see the designs is: Eye level.
What is inventory?
Inventory can be defined as the goods or product a company or an organization has in their warehouse.
Based on the scenario eye level will be the best choice to place her inventory as this will enables potentials customer to easily see the design of the different design she has in her store . By doing this it will attract customers to her shop.
Therefore If She recently received new inventory of some expensive merchandise that she wants to display in her store. Where Shelly should place this inventory so that customers can easily see the designs is: Eye level.
The missing options are:
A in a tall compartment
B.near the cash register
C on a zigzag stand
D at eye level
E at top of a pyramid structure
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There is an inverse relationship between followers and engagement -- surprisingly, the more followers, the LESS engagement with posts. Why do you think non-celebrities are able to influence buying behavior?
This is because the followers are aware of the celebrity and their motivations, thus their purchasing decisions aren't as affected by consumer behaviour.
What is consumer behaviour?The activities and choices that consumers make when using or purchasing things are referred to as consumer behaviour in marketing. Consumer behaviour towards a product encompasses all aspects, from the original choice to acquire it through how they use it and whether they decide to make additional purchases of it in the future or not. Consumer behaviour can be divided into four categories: routine purchases, variety-seeking purchases, purchases made to avoid dissonance, and sophisticated purchases. The sort of goods a consumer needs, their level of involvement, and the variations between companies all influence the forms of consumer behaviour they exhibit.
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Which of the following is an example of a non-profit organization?
a. Home Depot
b. YMCA
c. Sports Authority
d. Kroger
Answer:
They, along with thousands of other nonprofits, receive regular donations of products from The Home Depot. Since 2008, The Home Depot and The Home Depot Foundation have worked with Good360 to distribute millions of dollars in product to nonprofit organizations that use the materials to help those in need.
A. Home Depot
Explanation:
Answer:
YMCA is a nonprofit organization
Consider the restaurant Jack in the Box. As a student, you visit Jack in the Box every week. After graduating college, you (and many other students) started a job paying more than $60,000 per year. Assuming that the number of graduating students is large enough to influence the market, what will happen to the equilibrium price and quantity of Jack in the Box burgers
Answer:
well there is many factors that can effect this. the burgers will go up because that's what you are used to eating and find comfort in. and the other college students will also eat there.