True. Within a business, the responsibility for creating an organizational context that encourages ethical behavior and discourages unethical behavior lies with the business management and executive team.
They play a crucial role in setting the tone at the top and establishing a strong ethical culture within the organization.
By implementing effective policies, codes of conduct, and ethical guidelines, the management team can create an environment that promotes ethical decision-making and behavior. They can provide clear expectations and lead by example, demonstrating their commitment to integrity and ethical practices.
Additionally, the management team has the responsibility to ensure that employees have the necessary resources, training, and support to navigate ethical dilemmas effectively. They can establish mechanisms for reporting unethical behavior, provide channels for open communication, and enforce appropriate consequences for misconduct.
By actively promoting ethical behavior and creating a culture of integrity, the management team can contribute to shaping the organizational context in a way that encourages employees to act ethically and makes it more difficult for dishonest individuals to act unethically. Ultimately, the leadership's commitment to ethics sets the tone for the entire organization and influences employee behavior and decision-making.
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Create a perfume overview. The brand name is Kelly.
a prospect will have the: multiple select question. means to buy a product information on competing products authority to buy a product willingness to listen to a sales message need help? review these concept resources.
A prospect who is presented with a multiple select question has the opportunity to express their preferences and priorities in regards to buying a product. This question format can provide valuable insights into the prospect's mindset, such as their level of interest in the product, their knowledge of competing products, and their decision-making authority. By understanding these factors, a salesperson can tailor their approach to better address the prospect's specific needs and concerns. Option A
Additionally, the prospect's willingness to listen to a sales message can also be assessed through the multiple select question. If the prospect indicates a high level of interest and knowledge in the product, it may be easier to engage them in a meaningful conversation and demonstrate the value of the product. Conversely, if the prospect indicates a lack of interest or knowledge, the salesperson may need to provide more education and information before making a compelling sales pitch.
Ultimately, the multiple select question can be a powerful tool for identifying and addressing the specific needs of each prospect. By taking the time to understand the prospect's priorities, knowledge, and authority, salespeople can build stronger relationships and increase the likelihood of closing a successful sale. Option A
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A company sells equipment for $5,000. The original cost was $50,000. The
accumulated depreciation is $45,000. The sale results in
O A. a gain of $1,000
a
B. neither a gain nor a loss
O c. a loss of $1,000
D. a gain of $5,000
Assuming the company sells equipment for $5,000 and the original cost was $50,000. The sale results in: B. neither a gain nor a loss
Gain or lossFirst step is to calculate the book value using this formula
Book value=Original cost-Accumulated depreciation
Let plug in the formula
Book value=$50,000-$45,000
Book value= $5,000
Second step
Since the proceeds (equipment) is the amount of $5,000 in which the book value is as well $5,000 there is neither gain nor a loss.
Inconclusion the sale results in: B. neither a gain nor a loss.
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As a high school student working a part-time job, what would you set your low balance alert to and why?
Answer:
$100
Explanation:
I feel like you need to keep at least $100 in your bank account, that way it can be used for emergencies or unpredicted withdrawals.
~theLocoCoco
Answer:
150
Explanation:
I believe this gives a good steady amount to keep up with even 200 maybe
Elly &Frank Valdez are thinking about buying a new house and financing it
through their bank. If they get approved, what type of loan will it most likely
be?
A. Installment credit
B. Single payment loan
C. Revolving credit
D. Multipayment loan
Answer: A.) Installment Credit
Explanation: Subject to approval, the loan afforded to Elly and Frank Valdez by their bank will most likely be an installment credit. The installment credit is a type of loan which requires the loanee to repay a fixed amount which has been borrowed at a regular scheduled amount over an agreed period of time. The loan period may vary depending on the agreement and amount of initial loan, and the repayment schedule also needs to be stated as maybe monthly, bimonthly, quartely and so on.
Answer:
Installment Credit
Explanation:
AP3X
1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer
i
True or False: It is okay to have an occasional joke about race in the workplace as long as the victim is a participant.
the given statement, " It is okay to have an occasional joke about race in the workplace as long as the victim is a participant." is false as jokes about race can hurt victim whether participant or not.
Employers in workplace may contend that the victim was a joke-teller or joke-teller in the group, hence the behavior wasn't actually offensive. They will find it difficult to claim that you "welcomed" their comments if you had previously expressed your displeasure with their actions or requested them to cease.
Workplace behavior must be offensive and severe enough or widespread enough affect the victim's employment terms and conditions in order to be considered harassment. The phrase "unwelcome" merely indicates that you were offended by the behavior and neither you nor anybody else actively sought out nor engaged in it. The jokes and remarks you're encountering are an example of harassment that is illegally discriminatory since it stems from a hostile work environment.
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at the end of 2021, koosharem corp. calculated and recorded $50,000 in depreciation on a building that it had purchased five years earlier. how will this depreciation affect koosharem’s 2021 financial statements?
The effect of depreciation on koosharem’s 2021 financial statements is that it would lead to a decrease in the net income and a decrease in assets.
Depreciation is a method that is used to decrease the carrying value of an asset due to wear and tear.
There are different methods that can be used to determine the depreciation of an asset. They include:
The double-declining method The straight line deprecation methodThe unit of production depreciation method Sum of the years deprecation method.Building is considered as an asset to the business. It is a type of fixed asset. The carrying value of the building on the balance sheet would be reduced by $50,000. Depreciation is an expense. This would lead to an expense of $50,000 which would reduce net income by the same amount.
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The four traits of constructive criticism are _______.
a.
Positivity, Socially Oriented, Special, and Private
b.
Polarity, Solution Oriented, Special, and Practical
c.
Polarity, Socially Oriented, Specific, and Practical
d.
Positivity, Solution Oriented, Specific, and Private
Answer:
The answer to this question is given below in the explanation section.
Explanation:
Constructive criticism is the process to offer valid and well-reasoned reponed or opinion about other works, it includes both positive and negative comments in a friendly way rather than an oppositional one.
There are four traits of constructive critisim.
So, the correct answer to this question is given below:
D: Positivity, Solution-Oriented, Specific, and private.
While other options are not correct because the four traits of constructive criticism are starting from positivity, solution-oriented, specific, and private.
Answer:
D
Explanation:
Jeannine and Ryan, have both been working full-time jobs for many years. They are about to adopt three siblings and are trying to decide if they are both going to keep working. What disadvantage will they likely experience if they choose a single income option?
A.
They will have higher costs for childcare.
B.
They will have a greater amount of financial income.
C.
They will have less time to spend with their new baby.
D.
They will have less disposable income.
Answer: D
Explanation:
Answer: They will have less disposable income.
Which of the
following is NOT
associated with
Macroeconomics
?
A. A nation's GDP
B. Unemployment
C. Inflation
D. Individuals
Answer:
The option A is correct
Explanation:
Diversification becomes a prime strategic option in all but which one of the following situations? a. When a company can leverage existing competencies and capabilities by expanding into businesses where these same resource strengths are key success factors and valuable competitive assets When a company has more resource deficiencies than resource strengths in its principal business b. When a company spots opportunities to expand into industries whose technologies and/or products complement its present business c. When a company has a powerful and well-known brand name that can be transferred to the products of other businesses and thereby used as a lever for driving up the sales and profits of such businesses d. When diversifying into closely related businesses opens new avenues for reducing costs
Diversification becomes a prime strategic option in all situations except when a company has more resource deficiencies than resource strengths in its principal business.
In this situation, the company would be better off focusing on improving its current business instead of expanding into new ones. When a company can leverage existing competencies and capabilities by expanding into businesses where these same resource strengths are key success factors and valuable competitive assets, diversification can be an effective strategy. By leveraging its existing resources, the company can gain a competitive advantage in the new market. When a company spots opportunities to expand into industries whose technologies and/or products complement its present business, diversification can also be an effective strategy. The company can use its existing knowledge and expertise to enter the new market and create synergies between the two businesses. When a company has a powerful and well-known brand name that can be transferred to the products of other businesses and thereby used as a lever for driving up the sales and profits of such businesses, diversification can be a successful strategy. The company can use its brand recognition to enter new markets and gain market share. When diversifying into closely related businesses opens new avenues for reducing costs, diversification can also be a beneficial strategy. By sharing resources and leveraging economies of scale, the company can reduce costs and improve profitability.
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From the end of 2010 to the end of 2011, M1 increased from $2,006 billion to $2,311 billion. By what percentage did M1 increase?
Answer:
15.20%
Explanation:
The computation of the M1 increase is shown below:
= (M1 End of the year 2011 - M1 end of the year 2010) ÷ M1 End of the year 2010
= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)
= 15.20%
can someone help with this
1. The AD/AS model depicts the relationship between aggregate demand (AD) and aggregate supply (AS) in an economy.
2. In order to rein in the economy, the central bank can conduct an open market operation, which involves buying government securities (e.g., bonds) from commercial banks or selling them to the banks
3. The supply of money in the economy decreases, leading to an increase in the nominal interest rate.
How to explain the informationIn the long run, the economy's output reaches its potential level, labeled as Yf. In the short run, the equilibrium output level is labeled as Y, and the price level is labeled as PL.
In this case, let's assume the central bank wants to reduce aggregate demand to control inflationary pressures. To do so, the central bank will sell government securities to the banks.
The open market operation described in the previous step, where the central bank sells government securities, will reduce the money supply.
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The following is the shareholders' equity section of Sheffield Corp. at December 31, 2020:
Preferred shares,a authorized 130,000 shares; issued 31,000 shares $ 930,000 Common shares (unlimited authorized, 68,000 issued) 1,700,000
Contributed surplus 121,000 Total paid-in capital 2,751,000 Retained earnings 2,495,200
Total shareholders' equity $5,246,200 a The preferred shares have a $2 dividend rate, are cumulative, and participate in distributions in excess of a $3 dividend on the common shares.
(a) Your Answer Correct Answer Your answer is correct. No dividends were paid in 2018 or 2019. On December 31, 2020, Sheffield wants to pay a cash dividend of $5 per share to common shareholders. How much cash would be needed for the total amount to be paid to preferred and common shareholders? (Round excess return percentage to 4 decimal places, e.g. 52.7531% and final answer to O decimal places, e.g. 5,275.)
Preferred Common Total mount to be paid to shareholders 260400 $ 340000 $ 600400 eTextbook and Media List of Accounts (b) Your answer is correct. The company decides instead that it will declare a 15% stock dividend on the outstanding common shares at their fair value. The common shares' fair value on the date of declaration is $45 per share. Prepare the entry on the date of declaration. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Dividends 459000 Common Stock Dividends Distributable 459000 (c) The company decides instead to acquire and cancel 10,700 common shares at the current fair value of $45 per share. Prepare the entry to record the retirement, assuming the contributed surplus balance arose from previous cancellations of common shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
(a) The dividends on preferred shares are $2 per share. Since they have an authorized amount of 130,000 and an issued amount of 31,000 shares, the dividend on the preferred shares is $2 * 31,000 = $62,000. Furthermore, the preferred shares participate in the distribution of profits above $3 per share dividend on the common shares.
The total dividend on the common shares is $5 per share, and since the dividend on the preferred shares is $2 per share, the dividend on the common shares above $3 is $5-$2 = $3 per share. The dividend on the common shares is $3 * 68,000 = $204,000.The total amount of dividends to be paid to shareholders is $62,000 + $204,000 = $266,000. (b) The entry on the date of declaration would be:
Dividends: 459,000 Common Stock Dividends Distributable: 459,000(c) The entry to record the retirement is:Common Stock: $483,500 Contributed Surplus: $21,500 Retained Earnings: $22,950 Common Shares: $469,000Explanation: Common stock is decreased by the number of shares retired multiplied by the fair value per share. The number of shares retired is 10,700, and the fair value is $45 per share.
So, the total amount is $45 * 10,700 = $483,500.The contributed surplus is reduced by the amount by which the cost of the shares retired exceeds the par value of the shares retired. The par value of the shares retired is $10 * 10,700 = $107,000. The cost of the shares is $45 * 10,700 = $483,500, so the amount by which the cost exceeds the par value is $483,500 - $107,000 = $376,500.
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What amount do you need to invest to obtain $20,000 at 6 percent simple interest per year, after ten years?
You need to invest $___________
at 6 percent simple interest to obtain $20,000 after 10 years.
(This is a Plato question)
Answer:
12500
Explanation:
6% of 12500 is 750 and 750 times 10 is 7500 and 7500 plus 12500 is 20000
We need to invest $12500 at 6 percent simple interest to obtain $20,000 after 10 years. 6% of 12500 is 750 times 10 is 7500 and 7500+12500=20000.
What is simple interest?Simple interest is an interest charge that borrowers pay lenders for a loan. It is calculated using the principal only and does not include compounding interest. Simple interest relates not just to certain loans. It's also the type of interest that banks pay customers on their savings accounts.
The formula to determine simple interest is an easy one. Just multiply the loan's principal amount by the interest rate by the term. This type of interest usually applies to automobile loans or short-term loans, although some mortgages use this calculation method. Simple interest is calculated by multiplying loan principal by the interest rate and then by the term of a loan.
Simple interest can provide borrowers with a basic idea of a borrowing cost.
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Fiona wrote a check to the veterinarian for $89. 56. She’ll use the check register to record her transaction. What will be her new balance? A check register has a balance of 2,324 dollars and 41 cents. 225 dollars and 14 cents is debited, 475 dollars and 12 cents is deposited, and 25 dollars and 89 cents is debited. $2,458. 94 $2,484. 83 $2,549. 55 $2,575. 44.
Fiona's new balance would be $2,458. 94.
When a debit transaction takes place, money is withdrawn from the account. Thus the amount of money in the account would be reduced by the amount withdrawn. Debits would be withdrawn from the balance.
When a credit transaction takes place, money is deposited into the account. The amount of money in the account increases by the amount deposited. Deposits would be added to the balance.
New balance = 2324,41 - 89.56 - 225.14 + 475.12 - 25.89 = $2,458. 94.
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What is moral myopia? Why do you think an advertising professional might experience this phenomenon?
Answer: See Explanation
Explanation:
Moral myopia occurs when someone is unable to clearly see ethical issues. In this case, people decide not to say anything even though they see the unethical behavior of others.
An advertising professional might experience moral myopia in the sense that such person looks away when he or she sees an unethical act because of fear of losing his or her job and also because of fear of losing a customer.
Who at Universal Studios hates FORBIDEN JURNY?
MEEEEEEEEEEEEEEEEEE
°ω°
Some HR workers investigate possible company violations. Why is it important for these workers to reserve judgment and be impartial? Explain in your own words. Then, imagine a situation in which someone may NOT reserve judgment and/or may NOT be impartial. Describe that situation.
To ensure a fair and impartial investigation, HR employees investigating potential company violations must reserve judgment and remain impartial.
Why is it critical for these employees to exercise impartiality and reserve judgment?HR professionals can gather all relevant data, facts, and evidence if they are impartial, and then evaluate it without having any preconceived notions or personal biases. They are able to make sound decisions using this strategy rather than relying on their own irrational thoughts or feelings to make decisions.
A situation in which the HR worker conducting the investigation is personally connected to or has a close relationship with the accused party could indicate that the individual may NOT reserve judgment or be impartial.
In such a scenario, the HR employee may feel compelled to safeguard their friend or coworker, which may result in a biased investigation and a result that does not accurately reflect the situation. The HR department's impartiality and integrity could be questioned in this scenario, which would jeopardize the investigation.
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FORM 2 BUSINESS HOLIDAY ASSIGNMENT
1 Differentiate between
ru Business and Business Studier
(2) Trade and Commerce
Qin External and internal business environments
(in Generic and enterprise forms of competitive environment
2. Explain five Characteristics of Economic resources
3. Explain five Characteristics of good thing System
4. Explain five uses of computers in an office
5. Explorin five examples of small-scale retailers wilu Shop
6. Explain five functibus of Wholesalers
, to producers
7 Give five terms of
payments
in home trade
8. Give five advantages of sole proprietorship forms of business to
9. Give four Sources of capital for public Limited Compar
10. Give five roles of Conimersial attache's
16 Give five essential elements of Communication
12. Give five importance of Warehouse
13. Explain five trending issues in transport
14. Explain Metuels of government involvement in basica
15. Explain five barriers to effeceive Communication
Answer:
Explanation:
2.Private: Easily excluded and subtractive.
Common pool: Difficult to excluded and subtractive.
Toll: Easily excluded and jointly consumption.
Public: Difficult to exclude and jointly consumed.
3.These are hypothesized to include functional “goodness”, good infrastructure, reliability, connect-ability, versatility and benefits that overflow/overwhelm the system's scope or initial investment.
4.Some of the popular uses of computers in offices include preparation of word documents such as letters, reports, processing of work documents such as work orders and financial reports, presentation of reports and proposals to and behalf of executive and higher level office personnel, management of email services
6.(i) Buying and Assembling:
The wholesaler purchases goods in large quantities from different manufacturers and assembles them at one place and stores them in his warehouse and resell to the retailers.
(ii) Warehousing:
By preserving the goods received from different manufacturers in stores, the wholesaler performs the function of warehousing. The storage of goods is needed on account of time lag between production and consumption of goods.
(iii) Grading and Packaging:
The assembled goods are graded in accordance with their quality and packed in different containers before supplying to the retailers. In this manner, the wholesaler performs important marketing functions of grading and packing.
(iv) Transportation:
The wholesalers purchase goods from manufacturers and carry them to his godowns and then supply the same to the retailers. He may employ his own vans or hire vehicles for carrying the goods on account of bulk purchases. They can avail of economies in freight.
(v) Financing:
The wholesaler provides credit facilities to the retailers and manufacturers. They sometimes give advance to the manufacturers for the goods to be received later. By selling goods on credit they help the retailers.
7.
There are 5 types of payment methods available in international trade. These payment types are cash-in-advance, open account, documentary collections, documentary credits (letters of credit) and bank payment obligation.
8.Less paperwork to get started.
Easier processes and fewer requirements for business taxes.
Fewer registration fees.
More straightforward banking.
Simplified business ownership.
9.The main sources of funding are retained earnings, debt capital, and equity capital. These are long-term sources, medium-term sources and short-term sources.
10.Educating and advising exporters on trade regulations/practices in other countries.
Expansion and diversification of exports.
Organizing for trade fairs and exhibitions of local goods in foreign markets.
Expansion and diversification of foreign markets.
16. 5 elements of effective communication: the sender, language, environment, the receiver, and feedback. All of these elements contribute to sending and receiving a concise, clear message.
12.Warehousing allows for timely delivery and optimized distribution, leading to increased labor productivity and greater customer satisfaction. It also helps reduce errors and damage in the order fulfillment process. Plus, it prevents your goods from getting lost or stolen during handling.
13.Trend #1: Cloud-Based Systems Adoption.
Trend #2: Integrated, Frictionless Travel.
Trend #3: Visibility and Anti-Theft GPS.
Trend #4: Self-Driving Trucks.
Trend #5: Regulation Compliance.
15.There are five key barriers that can occur within a company: language, cultural diversity, gender differences, status differences and physical separation.
Hope this helped!!!
A government spends money in order to:
O A. make sure government programs can function properly.
B. influence which products will be available to U.S. consumers.
C. prevent foreign businesses from competing with U.S. companies.
O D. decide what each employee at a U.S. company will be paid. SUBMIT
Answer:
A. make sure government programs can function properly.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
The main reason for government spending such as building public schools, power supply, water, development of infrastructures, etc., is to ensure and facilitate the proper functioning of all government programs.
Hence, the government of a particular country is saddled with the responsibility of spending on basic projects or programs so as to create a sustainable, growing and efficient economy for its citizens.
I don't have moey. What is the best job to get when you're in middle school?
Answer:
You can work at publix as a cashier. They acept 14 year olds. And ur in 8th grade as 14 which is in middle school.
Explanation:
This is the best job u can get as a kid
also brainlist me pls
_______ occurs when an organization absorbs new elements into its leadership structure to avert threats to its stability or existence.
Organizational adaptation occurs when an organization absorbs new elements into its leadership structure to avert threats to its stability or existence.
Organizational adaptation refers to the process by which organizations adjust and modify their structures, strategies, and processes in response to internal or external changes or challenges. One form of organizational adaptation is cooptation, which involves bringing in new elements into the organization's leadership structure to address threats to its stability or existence.
When an organization is faced with external or internal challenges, such as shifts in market demand, changes in regulations, or internal conflicts, it may need to adapt in order to remain competitive and survive. Organizational adaptation can take many forms, including changes to its leadership structure, its strategies and processes, or its products or services.
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Which of the following is an intangible noncurrent asset?
Answer:
Trademark
Explanation:
OrganicCo has 100k AUD to spend on advertising in four states, VIC, NSW, QLD, and TAS. The revenue (in thousands of dollars) that can be created in each state by spending thousand dollars is defined as 10 VIC^0.4, 8 NSW^0.5, 12 QLD^0.3, and 6 TAS^0.6.Using excel solver, determine the maximum possible revenue given this budget. If you are having any numerical issues with Excel showing NUM! error try adding contraints limiting the decision variable values to between 1 and 100. Hint: The answer to this question is between 150 and 170.
The maximum possible revenue given the budget can be found in cell C9 after running Solver. It should be between 150 and 170, as mentioned in the hint provided.
To find the maximum possible revenue given the budget for advertising in four states (VIC, NSW, QLD, and TAS), we can use Excel Solver to optimize the problem.
Here are the steps to set up the problem in Excel Solver:
Open Excel and enter the following data in separate cells:
Cell B2: VIC (decision variable for advertising budget in VIC)
Cell B3: NSW (decision variable for advertising budget in NSW)
Cell B4: QLD (decision variable for advertising budget in QLD)
Cell B5: TAS (decision variable for advertising budget in TAS)
In a new cell, enter the objective function to maximize the revenue:
Cell C9: Total Revenue (formula: =C2+C3+C4+C5)
Set up the constraints:
Cell B2: Constraint: Greater than or equal to 1
Cell B3: Constraint: Greater than or equal to 1
Cell B4: Constraint: Greater than or equal to 1
Cell B5: Constraint: Greater than or equal to 1
Install and activate the Solver add-in in Excel if not already done.
Go to the "Data" tab and click on "Solver" in the "Analysis" group.
If Solver is not installed, click on "Add-ins" and follow the prompts to install it.
Set up Solver:
In the Solver Parameters window, set the objective cell to C9 (Total Revenue).
Set the "To" field to "Max".
Select the decision variable cells (B2:B5) as "By Changing Variable Cells".
Add the constraints by clicking on the "Add" button.
Set the constraints for the decision variable cells (B2:B5) to ">=1" and "<=100".
Set the constraint for the total budget cell (B9) to "100" (equal to the total budget).
Click on "OK" to close the Add Constraint window.
Click on "Solve" in the Solver Parameters window.
Excel Solver will then find the optimal values for the decision variables (advertising budgets in each state) that maximize the total revenue within the given budget.
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Which is the most accurate definition of body language?
Answer:
The process of communicating nonverbally through conscious or unconscious gestures and movements
Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because
Which of the following is a standard that defines how accountants record
financial transactions?
O A. generally accepted accounting principles
OB. government allowed accounting practices
OC. government applied accounting practices
O D. general accounting and auditing procedures
Generally accepted accounting principles.
What is a financial transaction?
An agreement or communication between a buyer and a seller to trade products, services, or assets in exchange for money is a financial transaction.
A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB). When their accountants put together a public company's financial statements, they must adhere to GAAP in the United States.
Ten basic principles serve as the framework for GAAP, which is a set of regulations. The International Financial Reporting Standards (IFRS), which are seen as more of a principles-based norm, are frequently used as a comparison. There have recently been initiatives to move GAAP reporting to IFRS because it is a more global standard.
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True or False: It is possible for a team to start with the DMAIC or DMADV approach and realize that they need to switch to the other process mid-project quiz
DMAIC and DMADV methods share features that are important, but they are not interchangeable and are designed for use in different business processes.
What is DMAIC?The full forms of both the methods are :
DMAIC: Define, Measure, Analyze, Improve, Control
DMADV: Define, Measure, Analyze, Design, Verify
DMAIC and DMADV have many similarities that deserve attention. They both use mathematical and factual tools to find solutions to common quality-related problems and focus on achieving the business and financial goals of the organization.
DMADV is associated with new services and product designs; may not always work with existing products and processes.
DMAIC is applied to an existing product or process but no longer meets customer requirements and / or details.
Hence, It is not possible to switch the methods in the middle of any project as they have serve different purposes.
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