______ is the process of assigning managerial authority and responsibility to managers and employees lower in the hierarchy.
Answers
Delegation is the process of assigning authority and responsibility to managers and employees lower in the organizational hierarchy.
This involves granting the power to make decisions and take actions within a certain area of responsibility, while still holding the delegator accountable for the overall results.
Effective delegation is important for organizational effectiveness and efficiency. It allows managers to focus on higher-level tasks and strategic decision-making, while also empowering employees to develop their skills, take ownership of their work, and contribute to the success of the organization. However, it requires clear communication, trust, and ongoing feedback to ensure that tasks are completed in a timely and effective manner.
What is communication?
Communication refers to the process of exchanging information, ideas, or messages between individuals or groups.
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Related Questions
A naturalistic learning style fits a person who enjoys learning through _____.
listening to music
working alone
presenting a summary of a novel
comparing things found in nature
Answers
Answer: comparing things found in nature
Explanation:
Naturalistic learning involves the use of natural elements such as animals, plants, natural events and the environment in general to learn about various concepts.
People who would prefer this style of learning prefer to learn outdoors and are usually found comparing things found in nature to other things regardless of if they are indoors or outdoors. The strong attraction they feel to nature allows them to harness this learning style more effectively.
Answer:
comparing things found in nature
Explanation:
i got it right on my test
luis, a professional chef, has carefully developed a set of product attributes for his new line of seasoning mixes, such as the brand name, features/design, and quality level. luis is developing the..
Answers
Luis, a expert chef, has cautiously advanced a fixed of product attributes for his new line of seasoning mixes, Luis is growing the real product.
The required details for real product in given paragraph
When it involves advertising a product, many groups assume in general of both the consumable product or the concept of the product. The real product is mostly a secondary thought, and income may also go through if the enterprise does now no longer supply in this aspect. A real product is what the customer holds in his or her hand whilst the product is purchased.
This is the packaging, logo name, brand and all tangible components of the product that may be visible with out commencing or the usage of the product. While the tangible components of the product might not assist the quality, it is able to cause multiplied income if well used.
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An organization that is made up of many owners who normally are not active in the decision-making and operations of the business. is what.
A business owned by one person who typically runs and manages the business. is what \.
A new type of business structure that combines the benefits of a partnership and corporation. is what
___________________ Two or more people who share the ownership of a single business.
Answers
An organization that is made up of many owners who normally are not active in the decision-making and operations of the business. is what. Answer: Limited Partnership
A business owned by one person who typically runs and manages the business. is what.
Answer: Proprietorship
A new type of business structure that combines the benefits of a partnership and corporation. is what. Answer: Limited Liability Corporation
Answer: Partnership Two or more people who share the ownership of a single business.
How do management accountants help managers make business decisions?
A. Management accountants prepare local, state, and federal income
tax returns.
B. Management accountants make sure accounts are paid on time.
C. Management accountants provide accurate financial data and
analyze the data to make predictions.
D. Management accountants ensure that everyone pays their taxes.
Answers
Answer:
C. Management accountants provide accurate financial data and
analyze the data to make predictions.
Explanation:
Management accounting is an accounting arm that focuses on the accurate organization, analysis, presentation, and interpretation of a company's financial data for use by the management. The information generated by management accounting is for internal use. It aids the top management team in its decision-making process.
Management accountants analyze and make recommendations on the business's operational aspects, such as costs of products and services purchased, product pricing, budget variances, margin analysis, market trends, and forecast.
Intro A bond has an annual coupon rate of 4%, a face value of $1,000, a price of $1,169.78, and matures in 10 years. | Attempt 1/5 for 10 pts. Part 1 What is the bond's YTM? A+ decimals Submit
Answers
Intro A bond has an annual coupon rate of 4%, a face value of $1,000, a price of $1,169.78, and matures in 10 years. The bond's yield to maturity is 3.37%.
Annual coupon rate = 4%
Face value (par value) = $1,000
Price of the bond = $1,169.78
Maturity = 10 years
Now, we need to calculate the yield to maturity or YTM of the bond.
PV of Bond = Coupon Payment x (1 – 1 / (1 + r) ^ n) / r + Face Value / (1 + r) ^ n
Where PV is the present value,
r is the YTM or yield to maturity, and n is the number of years.
Coupon payment = Face Value × Annual Coupon Raten = Number of Years
Let's substitute the values in the formula to find out the yield to maturity of the bond.
PV of Bond = $1,169.78
Coupon Payment = $40 [$1,000 (Face Value) x 4% (Annual Coupon Rate)]
n = 10 years
YTM = 0.0337 or 3.37%.
Therefore, the bond's yield to maturity is 3.37%.
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The owner of a successful restaurant has gotten bored with his business. He
decides to sell it and use the money to start a food truck in a new city.
This situation is an example of which characteristic of the U.S. economy?
O A. Limiting the role of government
O B. Motivating businesses to maximize profits
O C. Prioritizing individual freedom
O D. Promoting competition
Answers
Answer:
my best guess would be C.
The owner of a successful restaurant has gotten bored with his business. He decides to sell it and use the money to start a food truck in a new city.
This situation is an example of the characteristic of the U.S. economy that motivates businesses to maximize profits. (B)
What is a business?
Business is the activity of making one's living or making money by producing or buying and selling products
What is the U.S. economy?The U.S. has a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces the free market when it comes to capital use, but it also allows for government intervention for the public good.
What is a profit?Profit, in accounting, is an income distributed to the owner in a profitable market production process.
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Question 2
Three-point estimating
Instead of providing activity estimates as a discrete number, such as four weeks, it’s often helpful to create a three-point estimate.
An estimate that includes an optimistic, most likely, and pessimistic estimate.
-Optimistic (to)
-Most Likely (tm)
-Pessimistic (tp)
Use the following equation to calculate the expected duration:
Beta Distribution
For Activity A:
Optimistic = 4 hours , Most Likely = 8 hours , Pessimistic = 16 hours
The Standard Deviation is a measure of variability from the mean and is defined as (p - o)/6 so in the example above
Calculate the three point estimate and the standard deviation of activity A. Explain your answer.
Answers
The three-point estimate and standard deviation for activity A can be calculated using the given values of optimistic, most likely, and pessimistic estimates.
The three-point estimate is obtained by taking the weighted average of the optimistic, most likely, and pessimistic estimates. The standard deviation is calculated as one-sixth of the difference between the pessimistic and optimistic estimates.
For activity A, the three-point estimate is calculated as follows:
Three-point estimate = (Optimistic + 4 * Most Likely + Pessimistic) / 6
= (4 + 4 * 8 + 16) / 6
= (4 + 32 + 16) / 6
= 52 / 6
= 8.67 hours
The standard deviation is calculated using the formula (Pessimistic - Optimistic) / 6:
Standard deviation = (Pessimistic - Optimistic) / 6
= (16 - 4) / 6
= 12 / 6
= 2 hours
Therefore, the three-point estimate for activity A is 8.67 hours, and the standard deviation is 2 hours. The three-point estimate provides a range of possible durations, with the most likely estimate being the central value, while the standard deviation indicates the variability or dispersion around the mean estimate.
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Using complete sentences, explain the difference between a need and a want and give an example of each.
Answers
Answer:
A need is something that you can't survive without. For example, you need food, water, shelter and clothing. A want is something you can live without, but having it makes life more enjoyable. For example, a TV, a cell phone, and a cool toy are all wants.
define the set in words. choose the correct answer below. a. the set of cars that have 3 or more years warranty or do not have a good safety rating. b. the set of cars that have 3 or more years warranty and do not have a good safety rating. c. the set of cars that have 3 or more years warranty and have a good safety rating. d. the set of cars that have 3 or more years warranty or have a good safety rating.
Answers
If the car cannot be fixed after a reasonable number of attempts, the customer must be given the option of a replacement or a refund.
What different sorts of replacement are there?
replacement of things that lose their value over time. 3. Replacement of products that become out of date as a result of new advancements. 2. Replacement of objects that entirely break down.
What does the word "replacement" signify in a sentence
An act of substituting for something that is missing is known as a replacement. Your substitute teacher is a bothersome replacement for your missing teacher.
All actions and procedures required to replace any existing Project Facilities component with a new one that serves the same purpose
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if the required reserve ratio
Answers
Answer:
4
Explanation:
Formula: 1 / Reserve money ratio -> 1 / 0.25 = 4
accountant for Huckleberry... The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 160,000 Cash dividends declared for the year 49,600 Net income for the year 96,500 What is the ending balance for retained earnings
Answers
Answer:
$206,900
Explanation:
According to the given situation, the computation of ending balance for retained earnings is shown below:-
Ending retained earnings = Beginning retained earnings + Net income - Cash dividends
= $160,000 + $96,500 - $49,600)
= $206,900
Therefore for computing the ending retained earnings we simply applied the above formula.
casey works in a government-owned radio factory in a command economy. while the factory superintendent sets quotas for how many radios should be produced, workers rarely meet the quota, and the quality of the radios is low. however, they all get paid the same amount each week. which characteristic of free enterprise is missing in this scenario?
Answers
Incentives characteristic of free enterprise is missing in this scenario?
Corporate leaders are intended to get compensation based on performance metrics like per share earnings and return on equity through the use of accounting-based incentives. In addition to these metrics, corporations frequently utilise cash flow, return on assets, operational revenue, net income, and total returns on equity to assess CEO performance.
Extrinsic and intrinsic incentives are the two types of rewards that can be categorised. The driving force behind people's actions is internal. When engaging in activities, people are frequently more motivated by the work at hand or by the internal reward than by the outward reward. There are various internal benefits; for instance, engaging in activities can make people feel good about themselves and satisfy their sense of accomplishment. When someone is motivated to act in a given way because of their own personal gratification, that is known as an intrinsic incentive.
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The average observed time for a given job is 10 minutes. The performance rating is 80%, and allowances are set by contract at 10%. What is the standard time? A) 8.80 minutes B) 8.88 minutes C) 10.00 minutes D) 19.00 minutes E) 19.80 minutes
Answers
To calculate the standard time, we need to adjust the average observed time based on the performance rating and allowances.
Given:
Average observed time = 10 minutes
Performance rating = 80% (or 0.80)
Allowances = 10% (or 0.10)
To find the standard time, we use the formula:
Standard time = Average observed time / (Performance rating * (1 + Allowances))
Substituting the values:
Standard time = 10 / (0.80 * (1 + 0.10))
Calculating the denominator:
Standard time = 10 / (0.80 * 1.10)
Standard time = 10 / 0.88
Simplifying:
Standard time = 11.3636...
Rounding to two decimal places:
Standard time = 11.36 minutes
Therefore, the closest option is c) 10.00 minutes.
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The average observed time for a given job is 10 minutes. The performance rating is 80%, and allowances are set by contract at 10%. The standard time is 8.88 minutes.
What is average observed time?
The arithmetic mean of the measured periods for each element, with each element's atypical influences taken into account, is the average observed cycle time. Average observed cycle time equals the sum of the execution times for each component. 6.
The time that results from multiplying the rating factor by the cycle time (observed time) is known as the basic time. Normal Time is another name for this Basic Time.
The trend (long-term direction), the seasonal (systematic, calendar-related movements), and the irregular (unsystematic, short-term variations) can all be broken down into three parts in an observed time series.
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a company paid $0.54 in cash dividends per share. its earnings per share is $4.26 and its market price per share is $29.25. its dividend yield equals:
Answers
The dividend yield of the company is 1.85%.
Dividend yieldTo calculate the dividend yield, we need to divide the annual cash dividend per share by the market price per share and express the result as a percentage.
The annual dividend per share can be calculated as follows:
Annual dividend per share = Cash dividend per share x Number of dividend payments per yearAssuming the company pays dividends once per year, the annual dividend per share would be:Annual dividend per share = $0.54 x 1 = $0.54Now we can calculate the dividend yield:
Dividend yield = (Annual dividend per share / Market price per share) x 100%Dividend yield = ($0.54 / $29.25) x 100%Dividend yield = 1.85%Therefore, the dividend yield of the company is 1.85%.
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What does a boilermaker do?
applies marble and tile to floors, walls, and other surfaces
installs iron or steel beams, columns, and girders
assembles, installs, and repairs large containers that hold gases and liquids
repairs roofs of structures, using asphalt, metal, shingles, and other materials
Answers
Answer:
C) Assembles, installs, and repairs large containers that hold gases and liquids.
Coronado Corporation had the following selected transactions in the month of March. The company adjusts its accounts monthly. 1. The company has a 6\%, $9,000 bank loan payable due in one year. Interest is payable on the first day of each following month and was last paid on March 1. 2. At the end of March, the company earned $240 interest on its investments. The bank deposited this amount in Coronado's cash account on April 1. 3. Coronado has five employees who each earn $190 a day. Salaries are normally paid on Mondays for work completed Monday through Friday of the previous week. Salaries were last paid on Monday, March 29 . March 31 falls on a Wednesday this year. Salaries will be paid next on Monday, April 5. 4. At the end of March, the company owed the utility company $590 and the telephone company $180 for services received during the month. These bills were paid on April 10. (Hint: Use the Utilities Expense account for the utility and telephone services.) 5. At the end of March, Coronado has earned service revenue of $3,030 that it has not yet billed. It bills its clients for this amount on April 4. On April 30, it collects $1,840 of this amount due. (a) For each of the above situations, prepare the adjusting journal entry required at March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Answers
Coronado Corporation had the following selected transactions in the month of March. The company adjusts its accounts monthly.1. The company has a 6\%, $9,000 bank loan payable due in one year. Interest is payable on the first day of each following month and was last paid on March
1.Adjusting entry at the end of March 31: Interest Expense: = $45 ($9,000 * 6% * 2/12)Interest Payable: = $45 ($9,000 * 6% * 1/12)2. At the end of March, the company earned $240 interest on its investments. The bank deposited this amount in Coronado's cash account on April 1.No adjustment is required at March 31 because it is cash received in April.3. Coronado has five employees who each earn $190 a day. Salaries are normally paid on Mondays for work completed Monday through Friday of the previous week. Salaries were last paid on Monday, March 29 . March 31 falls on a Wednesday this year. Salaries will be paid next on Monday, April 5.Adjusting entry at the end of March 31: Salaries Expense: = $570 ($190 * 3 days)Salaries Payable: = $5704. At the end of March, the company owed the utility company $590 and the telephone company $180 for services received during the month.
These bills were paid on April 10. (Hint: Use the Utilities Expense account for the utility and telephone services.)Adjusting entry at the end of March 31:Utilities Expense: = $590Telephone Expense: = $180Utilities Payable: = $590Telephone Payable: = $1805. At the end of March, Coronado has earned service revenue of $3,030 that it has not yet billed. It bills its clients for this amount on April 4. On April 30, it collects $1,840 of this amount due.Adjusting entry at the end of March 31:Accounts Receivable: = $3,030Service Revenue: = $3,030No adjusting entry is required on April 30 because it is cash received in April.
Thus, it does not affect the March 31 adjusting entry. The journal entries required for the above transactions are as follows: Particulars Debit Credit Interest Expense$45Interest Payable$45Salaries Expense$570Salaries Payable$570Utilities Expense$590Utilities Payable$590Telephone Expense$180Telephone Payable$180Service Revenue$3,030Accounts Receivable$3,030
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Cameron brought a set of 7 classic paperbacks to a secondhand store to sell. he was paid cash for the entire set. before he left, cameron used $4 of his earnings to purchase a used book light. he had $6.50 remaining. what was the value of each paperback in the set?
Answers
Answer: The equation used to solve this problem is 7x - 4 = 6.50 and the value of each paperback in the set is $1.5
What is an equation?
An equation is an expression that shows the relationship between two or more numbers and variables.
Let x represent the value of each paperback in the set. Hence:
7x - 4 = 6.50
x = $1.5
The equation used to solve this problem is 7x - 4 = 6.50 and the value of each paperback in the set is $1.5
What is the annual profit when the income is $200,000.00 and the expenses are $150,000.00
Answers
Answer:
╭┄┈┄────────❥Let us take the example of a company with total revenue of $200,000 and explicit costs of $150,000. Calculate the economic profit of the company if the implicit costs are $30,000. Therefore, the company earned economic profit of $20,000.
PLZ help I’m so tired!! SIS GOTTA GO SLEEP!!
which upset customer handling technique requires responding quickly and in a businesslike tone with abuse cursing and threats are present?
A. Let them talk
B. Resolve the problem
C. Identify the problem
D. Don’t tolerate abuse
Answers
Answer:
my answer is a.let them talk
Don’t tolerate abuse handling technique requires responding quickly and in a businesslike tone with abusive cursing and threats present.
Thus, option D is correct.
What is a customer handling technique?The customer handling technique allows representatives to summarise and reiterate the client's issue, listening intently to a company’s customers is a crucial customer service ability. The customer will feel as though their problem is addressed if you do this.
The customer handling technique will not allow anyone to say wrong words or bad words to another piece. There it is important that no one should they are allowed to abuse another being. Even if it is a customer then there should be respectfully told so.
Therefore, option D is the correct option.
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?Pick an age 10 or so years in the future — and write a letter to yourself as if you are a friend or mentor.
Answers
Answer: Don't try to be accepted bye anyone, the only person you need to impress and strive to be accepted by is yourself.
Explanation:
Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled Cost (units) with entries 1, 1. The third column is labeled Petroleum (units) with entries 16, 8. The fourth column is labeled Seafood (units) with entries 8, 8. Based on the data in the table, has the absolute advantage in producing petroleum.
Answers
Answer:
Country A
Explanation:
Based on the data in the table, has the absolute advantage in producing petroleum is country A.
What is absolute advantage?
A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.
Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.
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GRUBHUB PERKS GIVE YOU DEALS ON THE FOOD YOU LOVE
THE KIND OF DEALS THAT MAKE YOU B O O G I E
DO DO DO DO TU TU TU TU
DO DO TU TUG UT UTURUWEUG
DOVRIOGJGHIJRG
DO
DO
DO
GET THE FOOD YOU LOVE i cant even finish it
Answers
Answer:
Grubhub perks give you deals on the food you love.
The kind of deals that make you boogie.
[music]
Purple guy: *bites borger and dances*
Sushi guys: *appear and eat the sushi*
Sallad girl: *eats salad and stands up*
Milkshake girl: *does the splits and sluprs milkshake*
Everyone: *dances all at once*
camera moves to purple guy and shows him dancing
[music stops] camera changes to house and kid looks at purple guy
purple guy: points at kid
kid: says huh and blinks
[music starts again]
Kid: *dancing*
Get the food you love with perks *doorbell rings* from Grubhub!
Grub what you love
Explanation:
Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. true false
Answers
Strategic Sourcing is an integrated approach of finding and sourcing the most reliable and valuable suppliers so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.
Strategic sourcing requires collaboration and communication with internal stakeholders and suppliers to ensure all requirements are met. It’s a long-term procurement strategy that takes into account several factors, such as supplier performance, quality, cost, delivery time, risks, and innovation.
By using strategic sourcing, organizations can reduce their procurement costs, increase their competitiveness in the marketplace, and achieve long-term business objectives. This approach also helps organizations to mitigate supply chain risks, ensure business continuity, and maintain their reputation.
In conclusion, the statement "Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace" is true.
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What incentive motivates a manufacturer to sell a product?.
Answers
Answer:
Profit is a major incentive to motivate a manufacturer to devote resources to the fabrication of a product so that it can be sold. Making sales and profits defines the bottom line and is the objective of most entities in the manufacturing industry.
An increase in Profit or sale of the product can motivate a manufacturer to sell a product.
A manufacturer is a person who creates products with the intention of selling them in the market and the company who makes the products that is called a manufacturing company. A manufacturer's primary motivation is to earn profit from his product when it is sold.
Profit is an important incentive that leads manufacturers to carry the risks of business failure, and Low prices are an incentive for buyers to pay their money now. Higher prices are an incentive for sellers to increase production to create more goods.
Thus, the incentive is an increase in Profit or sales to motivates a manufacturer.
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when the bank returns a check for which there is not enough money in the bank to cover it, what do we call the check? responses free free bounced bounced uncovered uncovered irresponsible
Answers
The term commonly used for a check that is returned by the bank due to insufficient funds in the account is B: "bounced check".
A bounced check is a check that has been written for an amount greater than the available balance in the account from which it was drawn. When the bank processes the check and finds that there are insufficient funds to cover it, they return the check to the account holder, marked as "bounced" or "NSF" (non-sufficient funds).
This can result in additional fees and penalties for the account holder, as well as damage to their credit rating. Bounced checks can also have consequences for the recipient of the check, who may face delays in receiving payment and incur fees for depositing a bounced check.
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the randolph bridge company agrees to biuild a suspension bridge in the city of detriot. detroit plans to pay rbc 50million
Answers
In this scenario, the Randolph Bridge Company has agreed to construct a suspension bridge in Detroit, and Detroit has committed to paying RBC a sum of $50 million for this project. To complete the construction of the suspension bridge, the following steps can be undertaken:
Planning: The first step would involve detailed planning, including surveying the area, assessing the requirements, and determining the design specifications of the bridge. Design: Once the planning phase is complete, the bridge design can be developed. This includes creating detailed engineering drawings, determining load capacity, and ensuring compliance with safety regulations.
Material Procurement: After finalizing the design, the required materials for the construction, such as steel cables, concrete, and support structures, need to be procured.Construction: The actual construction of the suspension bridge would involve erecting the support towers, anchoring the cables, and constructing the bridge deck. This would require skilled labor, heavy machinery, and adherence to construction standards.
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Sun Do sells key chains with leather fobs for $12 and $9. The key chains are very similar and have identical manufacturing costs. The difference is that the stitching on the leather fob is in a less precise pattern on the $9 key chain than it is on the $12 key chains. What approach to price discrimination is Sun Do using
Answers
Answer:
offering imperfect goods as part of the hurdle method
Explanation:
Which of the following is not an example of professional behavior
?
Answers
hi Im timed so please hurry thanks!
The chart indicates the tasks of four individuals who work in the Education and Training career cluster.
Tasks of Four Individuals in Education and Training Career Cluster
Tasks
Tammy
-typically works at home for several hours developing creative ways to teach high school students about world history
-discusses any school issues with Alcott
Vania
-takes the minutes in Alcott’s meetings with parents and the school board
-managed Tammy’s hiring paperwork so it was sent to Human Resources
Alcott
-has meetings with parents and the school board about budget changes and school progress
-hired Tammy
Stefan
-talked to a student whom Tammy recommended for a college scholarship
-discusses testing information with Alcott
Which best describes the pathways of these four individuals?
Tammy and Alcott are in the Professional Support Services pathway, Vania is in the Administration and Administrative Support pathway, and Stefan is in the Teaching and Training pathway.
Tammy and Stefan are in the Teaching and Training pathway, Vania is in the Professional Support Services pathway, and Alcott is in the Administration and Administrative Support pathway.
Tammy and Vania are in the Administration and Administrative Support pathway, Alcott is in the Teaching and Training pathway, and Stefan is in the Professional Support Services pathway.
Tammy is in the Teaching and Training pathway, Vania and Alcott are in the Administration and Administrative Support pathway, and Stefan is in the Professional Support Services pathway.
Answers
Answer:
D
Explanation:
Answer:
D
Explanation:
I just took the test
please give my brainliest
one example of a charge that may appear on a cash account but not on a bank statement is . a. a service charge b. a bank collection c. an electronic funds transfer d. an outstanding check
Answers
One example of a charge that may appear on a cash account but not on a bank statement is d. an outstanding check.
An outstanding check is a check that has been written by the account holder but has not yet been cashed or processed by the recipient's bank. When a check is written, it is recorded as a deduction from the account balance on the cash account.
However, it may take several days or even weeks for the check to be processed, and during this time, it will not appear on the bank statement.
As a result, the account holder may have a lower balance in their cash account than what is shown on their bank statement, as the outstanding check has not been deducted from the account balance on the bank statement.
It is important for account holders to keep track of outstanding checks and reconcile their cash account with their bank statement to ensure that their records are accurate and up to date.
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